1931-06-24 — Page 2

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION. '

Authorized Capital

$40,000,000

Issued and Polly Paidup ki... $30,000,000 Bussire” Funds 1-

Sterling

£ 6,000,000 $10,000,000

Reserva Iděvčłły of Proprietora i #28,000,000

MGE. HONG KONG. T HEAD OFFICE:

BOARD OF DIRECTORS 20 Hon. Mr. 0, 0, 8. Kaskle. Obairman.

Hón. Mr. J. J. Patemoa,. Deputy ChairmanX

Foo... H. Dell, T. E. Pharoa, Esq.

& H. Complon, Esq. 3. A. Plummet, Eng.

B. Lander Lawls, Esq. T. II. R. Khaw, Xəqa

6. Mietin, Esq.

MOY

BANGKO

BATAVIA

BOMBAY

CALCUTTA CANTON CHEFCO COLOMBO

DAIBER FOODHOW

ΠΑΙΡΠΟΝΟ

HAMBUNU

ZANKOW

HABBIN

HONGKEW

ILOILO

1200

JUHOXE

KUBE

ROWLOON

J. F. Warren, Esq.

Chief Mac.

V. M. Graybar, Bay

BRANCHES :-

KUALA LUMPUR

LONDON

LYONG

MALAGOA

MANILA

UAB (Johɔrs)

MUEDEN

NEW TODE

PELLING

PENANG RANGOON

BLIOON

HAN PRANOIBO.

SIANG HAT

BINGAPORE

SOU BABAYA

BUNGEY PATANI

TIENTSIN

TOKYO

THINO TAO

YOKUHAMA

Curent Aponte opened in Local Currency

and Fixed Deposita mcelred for

koti prinda in Local Currency med

# any which will be quoted on spaliostion

Xeas Kong, 291 February, 1981,

HONG KONG SAVINGS BANK.

The Babe of the shore Bank le cootust aby-be HONG KONG AND BILANGEAL BANKING, CORPORATION, Buine may be obtained on application.

FOR THE IGNORONG AND BHANGHAI BINKING CORPORATION.

V. M. GRAYBURN,

(Chid Manager.

flong Kooy, 18th July, 1980.

BANQUE DE L'INDO-CHINE,

HEAD OFFICE:

96, Boulevard Haussmann, Paris.

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Frs. 68,400,000.00 Reserve Funds ....Fra.102,000,000.00

Djibouti Numer

BRANCHES: Bangkok Hong Kong Quinhon

Saigon Battambang flue

Mengtze Cantho

Shanghai Canton

Nam-Dink Singapore

Thanhà

Tientsin Haiphong Peking Tourans

Prom Ponh Vinh Pondichory Yunnanfu BANKERS:

Fort-Bayard Papeete

Hankow

Напої

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industrial et Commercial; So- clase Generale.

IN LONDON: The National Provin- c. & Union Bank of England, Ltd.. Comptoir National d'Escompte de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co., French American Banking Cor

oration; Guaranty Trust Co. of New

srk.

Interest allowed on Current Ac- counts and Fixed Deposits according to arrangementa,

Every description of Banking and Exchange Business transacted. Safe Deposit Boxes. to let

A. BONNAUD,

Hong Kong, last May, 1981.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853 HEAD OFFICE: LONDON. Paid-up Capital

Reservo Fund

Reserve Liability of Pro-

priators

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE SINGAPORE, Hong Kong Branch: 15, Queen's Rd. C.

£4,000,000 Issued Capital.....

and

Commerce

Finance

"WEDNESDAY, JUNE 24, 1931-

in a single sentences British manu-| "The employer also profits from facturing costs are among the the knowledge” that a discharged highest in the world. If this workman will be cared for by the situation continues any economie State, and he therefore does not structure based on exports is fac healtate to hire and discharge ed with inevitable ruin."

without rhyme or reason., 200 Money Polley.

"Often the men are not hired The effects of the monetary for more than three days' running, policy since the war are carefully so that they can still be legally and considered unemployed. To take £3,000,900 Authorised Capital Straits $20,000,000 GAMAGES (WEST END) of trying to realise the stock in the analysed. The stability,

ordinary course of trading and of prestige of the pound sterling were advantage of the dole may profit selling it as a whole. The sales guaranteed, thus assisting the An- the individual, but it is ruining had fallen off seriously since the anciers, but in order that indus the nation... No politielen end of January, and from the try should profit from the return dara maka a direct attack on the 2,626,000 £222,000 of the Capital middle of April they have been such to normal currency conditions, or dole; he would soon lose his

that a heavy wookly lose was in- at any rate should not 'auffer, it seat." volved in keeping the store open. was essential that, as the value of

No One Darca----- "I decided that it would be more money increased; prices should England, as this uncompromis- advantageous to dispose of the quickly and spontaneously adjusting French observer sees hor, is whole stock without delay, than to themselves.

desperately handicapped In her carry on the business longer. I "As the pound sterling rose efforts to reform, for "evan in the Invited offers accordingly, and I am now applyng to the court for liberty to accept the most favourable offer which I received."

Paid-up Capital ....

Liabilities .43,000,000 | Reserve

of Shareholders.

Agencies and Branchen:

ALOB STAR

(Malay State)

AMRITSAS

BANGKOK

BATAYLA BONDAY CALOUTTA CANTON

CAWNEE -

CEBU

COLOMBO

1

DA1887 (sing.

Bou Manchuria)

DELET

ΠΑΙΡΣΙΟΝΟ

ILANKOW

HAKHUBO

HARBIN

(N. Manoburts)

BONG KONG

ILOILO

KADACHI

ПРОБ

LANO

KODE

KUALA KANGELB

(Ph...)

*KUALA LUMPRE

KUCHING

MADBAS

MANILA

MEDAN

NEW YORK

PEKING

FENANO

HANDOON

BAIGON

SEMARANG

SEREMBAN

BILANGHAY

SINGAPOUR

SITIAWAN

BOURAKATA

TAVOT

TAIPING (P.M.B.)

TIEX18IN

TOKYO

TONOZAU (Bhuket)

TAINOTAO.

YOKOHAMA

ZAMBOANGA

Foreign Exchange

(Pallippine Islands)

and General Banking business transacted.

Current Accounts opened and Fix ed Deposits received for 1 year or shorter periodą, at rates which will be quoted on application.

J. STUART,

Acting Manager. Hong Kong, 28th May, 1931.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits ..U.S.$226,087,802

Branches in:- ARGENTINE LONDON

BELGIUM

PHILIPPINE

ISLANDS

MEXICO

BRAZIL

PANAMA

CHILE

PERU

CHINA

COLOMBIA GUBA

DOMINICAN

PORTO RICO STRAITS

REPUBLIC

INDIA ITALY JAPAN

H 8,000,000

H

4,000,000

4,000,000

LTD. LIABILITIES.

Surplus *******

Branches, Agencies and Correspon- dents in the principal cities of the world,

Every" description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

*(NETHERLANDS_TRADING SOCIETY)

BANKEES.

Established 1994

Hong Kong (Bosi-ll, Qussa's Bond' Dansent. Authorised Digital M, Calldars 180,000,000-

(212.800.000. Paid-Up, Capital - Oxiliars, 10,000,00

Eres Fund............ Guildere 80,011,000

(40,001,860)

· Hond Dilər:~AMSTERDAM* Eastern Head Offer:-BATAVIA, BRANCHES –– Beadjermaak, Bandosag”,

Lost"-The Receiver.

*: OFFER FOR STOCK.

A large number of creditors of Gamages (West End) Ltd. met at Holborn Restaurant in mail week to receive a report on the financial position of the company.

Mr. S. H. Gillett, who presided,

said that the unsecured creditors numbered about 3,300, and to call them together would have required

He added that he thought that It would be wrong of him to attempt

to broadcast the valuation he place ad on the building,

a

"It is your main asset," he said, on which you have to depend for dividend, and I don't propose to

a very large hall, involving a conplace a value on it." siderable expense. The company.

prices should have fallen, but they did not do so." Retail prices fell scarcely 11 per cent. while wages. the primary element of cost, de- elined only 1.8 per cent.

Thus, says Professor Siegfried,

the fiscal policy keeps the pound sterling at one level, In spite of the fact that the cost of living and wages are pegged at another.

The Brake..

present unprecedented crisis, no one dares come out boldly and tell the people, electorally at any rate, what they must do to break the deadlock: Lower the standard of living and work harder.”

"It is the whole rhythm of Bri- tishlife that must be changed. So a reformation it must be admitted requires more than a mere chango of Cabinet. It means nothing short of a form of revolution." feels so quickly the lack of leaders No other nation, it is pointed out,

A dual regime has arisen in Sir William said that if the which currency used for inter in fact, had not, at the moment building and fittings could be national purposes has any, funds out of which to meet

A greater realised, subject to expenses, for purchasing power than that usad worthy of the name. such a charge.

£762,000, the creditors would get for the home trade. This puts a It was, therefore, decided that 208. in the pound, or very near it. premium on imports and a break Dembe Delegiis, Cheribon, Dambe la the invitations to this meeting Whatever sum less was realised on exports. foto:Media, Masumar, Medan Padang should be restricted to creditors would fall entirely on the unsecur jakeria“, The Hagus!, Juldak, Kobs, Palembang. Pekalongan,

whose claima amounted to £50 or Pontianak, Bangions. Bostanlamı”,

ed creditors. BASSANO Shanghai, Bibol over. These numbered 616 snd

Bertara Badn

The meeting unanimously ap- represented about £330,000. Claims pointed a committee of six, repre- under £50 amounted to 2,625 and senting the creditora, to confer represented £25,000 to £30,000..

Joe Bolo Para Ti

Welievredan

* Tham otices have na „kaposh boras so let.

Conto Baker-tional Provianial Beat

Correspondante all over the world Basting bosiness of every description teamaached. "

A. STOKKIE.

Hong Kong, 16th Auguri, 1980.

Mamage.

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, under special charter of The National Gov

ernment as an

BANK.

Sir William McLintock, the Re- with the receiver and directors. ceiver, said it was originally es-

against it.

Britain can-

not be classed along with those well-balanced countries where the centre of gravity is low and where "The current against which the government can be safely carried British are struggling is so strong on by mediocrity. that all the energy in the world could

"England's Crisis," by Andre hardly make headway Siegfried (Cape, 10s. 6d.)]

In International com- petition they are continually han dicapped, since as producers they must operate on the higher level

ora they must meet the lower world prices. This fact alone is sufficient to prevent their indus. tries from exporting profitably, and at the same time it leaves their defenceless home market to the dumping of foreign

timated that the building would PRODUCTION COSTS. of domestic costs, while as export

cost £600,000 and. the Atting £100,000.

"For various reasons into which I do not propose to enter here," ho remarked "the actual expenditure was $1,065,000. 10.

INTERNATIONAL EXCHANGE SETTLEMENTS URUGUAY VENEZUELA.

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Billa of Exchange and Cable Transfere bought and sold. Current accounta and Savings Bank accounts opened and Fixed Deposits in local and for eign currencies taken at zatos that may be ascertained on appllestion to the Bank.

We are also able to offer our Cus- tomers the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and so of The National City Bank of New York (France), B.A., in Paris and Nico.

F. McD, COURTNEY,

Hong Kong, June 16, 1931.

THE

Manager.

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway, New York.

Manager.

Capital Surplus Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1890.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund ........Yen 115,000,000

Head Office:-YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Changchun

Dairen (Dalny)

Manila Nagasaki

Nagoya

Newchwang

New York Osaks

Felping Rangoon

Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin Hong Kong

Honolulu Kai Yuen Karachi Kobe London

San Francisco

Seattle Semarang Shanghal Shimonoseki Singapore

Sourabaya Sydney Tientsin Tokyo: Taingtau Interest, allowed on Carront Ac- counts.

Los Angeles Lyons

Deposits received for fixed periodi ́at rated to be obtained on application.·

H. MORI

A Manager.

Hong Kong, 11th April, 1981...

ماعدت

1.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

of

Complacent Spirit.

<

TANTRUMS.”

"I don't know where Jonny gets his temper from," says many a mother. Sometimes she will add, with a mean- alde of the family, I'm sure." ing looking at hubby: "not from my

French View of Britain,

And the rata were known,_not "You will thus realise that the

from either side of the family. "Tan- People who take an intelligentepen company was handicapped from the interest in the affairs of Britain imports.

teams" are merely a more than or- dinarily vigorous proteat

against commencement by lack of capital, will be well advised to study the

thinga in general, manifested by a and when one takes into con outspoken book in which Profes- position of 1860, when everything

"This is a fatal reversal of their child. sideration the change which occur-

are several causes for "tan- trums. red in trading conditions between or Andre Siegfried, the disting tended to reduce British costs to

The child may feel bored for want of a now game or playmate. September, 1928, when the company guished French political economist a minimum."

sums up impressions of conditions If

Another frequent.cause is insufficient wages, insists Professor liquid, for children do not always ask Subscribed Capital $25,000,000.00 was completed and the store open-

in Britain.

Siegfried, are definitely fixed at a for a drink when they need it, and Paid-Up Capital.......$24,710,200.00 ed, it will be'realised that, by 1930,

Hia le a relentless and disturb-level which does not allow manu. Reserve Funds

babies, particularly, very often do not ...$ 3,820,503.82 it would have been a matter

great difficulty to raise the addig diagnosis, a reasoned reply to facturers to make a proft. then realise when they are thirsty and be come peevish without knowing why. which will be anxiously awaited, one section of the community must tional permanent capital which was He looks at Britain with the cold,, necessarily be out of work;

By far the most frequent causeS required.

however, are stomach disorder and detached, unimpassioned eye of a "The company accordingly was skilled foreign observer. His con

It is pointed out that the dolepation but with Baby's Own at hand there is nothing obliged to borrow from its bankers clusions are far from palatable has lost all acturial basis and easier to set right. These pleasant- on the security of a debenturo

to-take little tablets should be will give many easy-going poli- there is no relationship between every zursary for use as both prevez- ticians a shock,

what the workers pay and what tative and cure. A tablet given occa What is wrong with Britain?, they receive.

sionally keeps the child well, tones Professor Siegfried answers the One can hardly exaggerate, he up the internal organs, stimulates the question straightaway::

goes on to say, the economic and speedily correct acute stomach. and intestines. Blightly larger doses and foreign banking and exchanges." "By the end of March the posi

"The widespread decentralisa social evils arising from the bowel troubles, oxpel worms, check and other Public Funds of the Chin- tion had become so difficult that tion of industry has produced new chronic existence of a paid army diarrhoes, while the carefully balanc 888 Governmont both at home and the directors resolved that pure conditions throughout the world. of unemployed. "The most dan-ed prescription of the tablets. also

Ea-. chases thereafter should be made depriving Britain of her century gerous defect of the system is the allays fever, colds and croup. SHOU J. CHEN,

only for cash, and that, unless and uld position. The reduction in the spirit of complacency which it has Baby's Own Tablets quickly

pecially valuable during teething until satisfactory Hong Kong, 6th, March, 1991.

arrangements export trade, arising from these created.. The British work-pain and thus induce sound, natural could be made for dealing with all causes, must be accepted as per-, man knows that when he loses his sleep. Guaranteed to contain no nar- their liabilities, no further pay manent..

Job he can still live, so he awaits cotics, or other harmful drugs, they LTD.ments should be made to Individual "The purely British causes, of with calm often too much calm are the ideal health-safeguard for

bables and young children. creditors.

the economic depression are com the chance of further employ bottle handy. All chemists can supply Keep a plex, but they can be summed up ment.

4, Queen's Road Central...

Owing to our numerous branches la carrying a floating charge on all

China and large connections in the im- the assets, subject, of course, to portant commercial centres of the the first mortgage. world, we are able extend to our cllents special facilties for domestic

We also handle the issue of Bonds

abroad.

-THE BANK OF CANTON,

Established: 191z.

Manager.

Hoid Once-Hong Kong.

Authorised Capital (1.E. Curriney) $11,000,000 Pald-Up Capital writenisa

8,665,000 1,100,000

BRANDBRA

Canton, bangbal, Flankow, Evsion Bangkok, How York and Ben Translated

CORRESPONDENTS

LONDON BANKZES )--! The Lloyd's Bank, Lämiled,

in si, pelnaipal nillas of the World, Forsign wichings and benifig bulibet-of svery seription transnoted.

-Bata Deposit Boxes (variaza azaj) as a pity reas of Troms 88. to $59.

.U.S.$8,000,000 .U.S.$1,572,454 .U.S.$1,908,209

Best Fund

BRANCHES:-

Amsterdams Адр Albane

Ganon

Now

Glasgow

Marana

Kamber

Beddin Plindsay Parla

Bella Biarrit

Passes

Interiors

Bottay

Bremen

Dreamla

Basti Airte

Jarassles Lido London Liverpool LALLOWTHE Lugane Luice Maali

Paklo Falarmo

Botterda Bema

Bambodi

Manila

Huales

Chira Celoalte Cannae Colombo

Constantinopla Copenhage Edisburga Поездов

Monte Carlo

Montok

المسداح Shan

doshampion Banguore RA. Morita Tianlala Vienna

· Venion

Toko

Zurich

Branches of Amarican Express Company in Principal cities of Unit-

ed States of America and Canada.“

LOOK POONG SHAN ́· ̈

Chief Manager.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.).

HEAD OFFICE:Taipeh, Formosa

Incorporated by Special Imperial Charter, 1899.

Central Bank in Pormoen. -

All classes of Commercial Banking Bank-Bolas saed Avarage Amount Isa. 43,000,000

Transactions undertaken.'

Personal Investment handled

DAAN HRANCITES, AND AGRNGIES; JAPAN TOKES, Yokoba, Kake, Ceaks. accounts FORMOJA disaga Kazankoy

Ang Makong, Mando, Shinoldim, Talks, Takao Tameni, Town, Halla, Talío.

CHINA Chahal Harbor, Amoy, Foochow The Company offers to Intending or o Travellers the use of its "Travelers Bemarang Dalatia, Bombay,

Kong Bappare, Boulay Cheques" and Letters of Credit and,

Celogia,

in addition, the world-wide services The London Dously admirerpad Pura Bax. of its thoroughly equipped, Travel De• *** partment marke

The Tank has Correspondents in all the gelip Commersial Dmirus, throughout, she "world.

· Afiliated with THE CHASE NATIONAL BANK Resources Over €33,500,000,000

CJE, BENSON,

· Generál ↑ Manäger.

THE BANK OF EAST ASIA LTD.

Established: 1918.

HEAD OFFICE:

HONG KONG BIAKONI

A A Day Tour Road Distră. Hong Kong, 1964 Zimmer, 2006

THE MERCANTILE BANK OF INDIA LTD.

(11) Grannbuch: Blesek. Zondon, 1.0.3.

Capita

Credit Stopped...

"Numerous writs were served on the company, and on April 11 -8 petition for a compulsory liquida- tion was filed by a creditor for £878.

-

2

"The directors then came to the conclusion that it would be in the interests of all concerned that a re celver should be appointed, and they accordingly approached Bar clays Bank, as debenture-holders. and requests them to take the neces sary steps."

The current naseta consisted of cash and cheques in hand £4,000, stocks and debtors, including hire purchase accounts,' estimated" to realise, say, $180,000, making a total of £134,000, ̧ ́ ́

The remaining assets were the the leasehold premises in Oxford |Street, including residential flat. above the store and the fixtures, fittings, and equipment.

marised as follows: Preferential The liabilities might be pum

claims, £12,000; secured claims, first mortgage on leasehold pre £301,000; Barclays Bank, secured mises, including Interest accrued,

by floating charge, $225,000; un- making a total of £898,000.

In addition to the £228,000 due to Barclays Bank there was a con- tingent liability in respect of ad vances by Barclays to AW Gamage, Ltd., the two, companies having given cross guarantees for their obligations to the bank, so

This contingent liability also was secured by the floating charge, but Sir William assumed that A W Gamage, Ltd was in a position to take care of Its own.

and he had com cluded anything in thi Habilities in

ligations;

@moting mpany?

Jue

7

you.

Yet----

AS MODERN

AS THE TALKIES"

The best things in life never drow stale Bom back in the tinoline days, even now THREE CASTLES remains leader among the fatest

arettes an hones noke

in

10,

Foeur Road Cin TONGHO

THREE CASTLES

CIGARETTES

FAMOUS FOR FIFTY YEARS