1931-06-26 — Page 2

Sterling nanasemana Mile

#,8,100,000 $10,000,000

THE CHINA MAIL.

£3,000,000 ↑ Reserve

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 18, Queen's Rd. C. £3,000,000 Authorised Capital Straits $20,000,000 .24,000,000 Issued Capital

Paid-up Capital ...

8,000,000

4,000,000

Liabilities

Agencles and Branchens

of Shareholders Surplus

4,000,000

2,620,000

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Ompla

$8,000,000

Turned, and Pully Paid-up........... 1630,000,000 Boese Fonda —

Basura Lườišty of Propriatoms. $28,000,00

Hou. Mi,

URAD OFFION: HONG KONG.

BOARD OF DIRECTORS :—

Hon. Mr. 0.0. 8. Mackin. URAIFA.

Hon. Mr. J. J. Paterson,

Deputy Chairman.

• H. B, T. E. Pagros, Esq.

AH. Compton, E. J. A. Plummer, Eq.

13. Lander Lawin, Eng. V. IL. 3. Khaw, Big,

Q Makin, Esq..

3. F. Warren, Esq.

V. M. Omybum. Exa

DRANGHES:-

LONDON LYONS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858

HEAD OFFICE: LONDON, Paid-up Capital Reserve Fund

Reserve Liability of Pro-

prietors

ALON STAR

(any Buter)

BANGKOK BATAVIA

DALOUTTA

CANTON

CAWSTORE

CEBU

CULOXBO

DAMEN (Delux

South Manchuria)

DELUI

HAIPHONG

HINKOW

KAMBIN

(N. Sancharaj

PEMING

PENAND BANCUON

SAIGON

FEMARANO

THE HO HONG BANK, LTD.

(Established 1917.)

AMOY

ཛྙཱ་

BANGKON

BATAVIA

BOMBAY

GANTUN

CREFOO

Chief Mar

AMRUTHAR

*BUMBAY"

HAMBURG

KWALA KANOHAR

Pork .M.5.)

BALACCA

LONG KONG

HOLO

MANILA

[pou

CALOUTTA

UAB (Johor)

KARACHI

MUKDEN

KLANG

NEW YODE

КОРЕ

COLORIN

PEIPINO

DAIRES

FORGLOW

AIPITONO

AM

RANKOW

HARBIN

HONUBEW,

ILOILO

JOLE

FORURE.

XQUE

KOWLOON

KUALA LUMP

PENANO

HANGOUN

MAS FRANCISCA

SALOON

SHANDTAS

SIRLAVONE

MOHABATA

SUNGEL PATANA, BESTSIN

TOKYO

THIKOTAO

JOKUHANA

Current Accouble opened in De Cuer and Flad Usposite and lor one year or shorter turlada in Loen Curranty and Sterling an era whink will be quoted on application. Hong Kong, 28th Febrosty, 1931.

HONG KONG SAVINGS BANK.

The Burlew of the alvis Bank is seaduet.

ad by the HONG KONG AND BHANDWAL BANKING CORPORATION.

obtained on application.

Rules may be

POR TUB HONGKONG AND BUANGHAI

BANKING CORPORATION.

V. V. GRAYBURN.

Hong Kong 18th July 1980.

Chial ManagAT.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96. Boulevard Haussmann, Paris.

Subscribed Capital Frs. 72,000,000,00 Paid-up Capital...F

..Frs, 68,400,000.00 Reserve Funds ....

Fra.102,000,000.00 BRANCHES: Bangkok Hong Kong Quinhon

Saigon Battambang Hue fanthe Mengtzo Shanghai Canton Nam-Dinh . Singapore Djibouti Numea Thanha

Tentain Fort-Bayard Pappeto

Peking

Tourane . Pnom Penh Vinh Pondichery Yunnanfu BANKERS:

.

Halphong Hankow Hano!

IN FRANCE: Comptoir, Natlosal d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industriel et Commercial; So- date Generals.

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

IN NEW YORK: J. P. Morgan à Co., French American Banking Cor poration; Guaranty Trust Co. of New York.

Intoret allowed on Current. Ae- counts and Fixed Deperits according to arrangements.

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

A. BONNAUD,

Hong Kong, 1st May, 1931.

KUALA LUMPDA

EUCHTING

НАРВАЯ

MANILA

MEDAN

NEW YORK

SEREMBAN

SHANGHAI

SINUAPORE

MITIAWAN

SOURABAYA

TAIPING (3.8)

TAVOY

TONORA (Bhukat))

THINOTAG

YOKOHAMA

TIENTSIN

TURVO

ZAMBOANGA

ippina Jalandaj

General

Foreign Exchange and Banking business transacted.

Current Accounts opened and Fix. ed Deposits received for 1 year or shorter periods 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.$226,037,302

Branches in:-

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

ISLANDS

MEXICO

PANAMA

PERU

CHINA

PHILIPPINE

COLOMBIA CUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

SETTLEMENTS

INDIA

URUGUAY

1

ITALY

VENEZUELA

JAPAN

Commercial and Travellers' Letters of Credit. Travellers' Cheques, Bill of Exchange and Cable Transfers Current accounts bought and sold. and Savings Bank accounts operad and Fixed Deposits in local, and for- olga currencies taken at rates that may be ascertained on application to the Bank.

We are also able to offer our Gas- tomers the services of the Branchas

of the International Banking Corpora- tion in San Francisco and Spain and also of The National City Bank of New York (France), S.A., in Paris

F. MED. COURTNEY, -

Hong Kong, June 10, 1031.

and Nice.

THE

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

Evary description of Banking and Exchange business transacted. "

RECORD LIFE BUSINESS.

FRIDAY, JUNE 26, 1931.

last year at £3,540,000. The gen- granted. At the time this conces eral reserve fund was increased slon was given exports of wheat

Commerce

ce and the Punjab to Calcutta only

Commercial Union Assurance.

Finance

The sixty-ninth annual general records in the history of the com- premises have increased by about weak of March the total exported

TAN ENG HOOL

Manager meeting of the Commercial Union Assurance Company, Limited, was held at the registered office of the company, 24, Cornhill, London.

The Right Hon. Sir Robert Horne, |G.B.E., K.C., M.P. (chairman of the

company), presided.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

-NETHESTANDS TRADING SOCIETY:

DANKERS

Established '1834.

deng Kong Donzell, Queen's Bond Central.

412,800.000.1

Falk-Up Capland Guillars 80,080,000

Eaterra Pund-anima minn Quilders”, 60,515,000

(26,589,110)

{23,34,00)

Head Ofori-AMSTERDAM" Eastern Head Oftos:-BATAVIA,

which $165,973 has already been amounted to about 100 to 150 tons a explained: the balance of £84,871 is week and it was in the hope that as represented by the realised proats a result of this robate the amount on the sale of certain assets at exported would considerably in- values in excess. of those at which crease and surplus stocks would be- they stood in the books. This in- gin to move to the advantage of oncourage savings find their funds crease of £240,844 has been written land-owners and traders of the pro- Increased and life insurance also, as off the cost of businesses acquired, vince that the. Punjab Government a aafeguarding device, becomes so that the general reserve fund re- agreed to accept liability for the re- more active. Whether this commains at the same figure at which bate provided these conditions were mentary provides the true explana- it stood in the 1929 balance sheet-fulfilled. The concession became tion or not, it is worthy of note that namely, £4,100,000,

generally known. The amount ax- we issued 8,030 policies assuring Turning to the assets, mortgages ported from Punjab showed a very over $4,500,000 gross or, after and loans have increased by £120,- considerable rise and towards tha deducting reassurances, over 4,385,000 and investments by nearly end of February Jumped up to about 000 not. These figures constitute $200,000. Freehold and leasehold 1,500 tons a week and in the last pany, surpassing even those, of the £60,000, representing expenditure was not far short of 4,000 tons, best year, 1920, and showing in-on new buildings at Glasgow, Cape- The final figures show that 13,198 creases over 1929 of nearly 600 in town, and Buenos Aires, less the tons were exported from Punjab the number of policies and of over amount of £20,000 written off. during the two months, which works £400,000 In the net eumia retained at

out at an averaga risk.

of about 1,600 tons a week. During this period exports from other parts of India to Calcutta unfortunately remain small, with the result that although the condition regarding exports

from Punjab was more than fulfilfed an Value of the Investments.

average of 2,250 tons from the Qur investments, both on general whole of India was not worked up account and life account, have a to. The cost of higher market value than the figure therefore falle on the Punjab Gov- the concession at which they stand in our books, ernment who will have to pay about and, in spite of the decline in Aus- Rs. 1,35,000 for the effort which tralian securities, a higher value they made to assist the zamindars than in 1929. (Hear, hear), With of the province in getting rid of regard to Australia, in which we are their accumulated surplus stocks of greatly interested, we have every wheat." confidence that her finances will be .re-established on sound lines and that she will emerge successfully from her present troubles.

There is a small increase in the The Chairman in the course of his expense ratio, which, including com- mission, has grown from 12.23 to speech Bald: The premium income 12.87. From the profit and loss of the fire department amounted to account it will be seen that interest $6,774,316, being 366,651 less than dividends and rents, after deduction Sathachend Capital Child 18000.000 that of the previous year. The of income-tax, amounted to £1,044,- greater part of this decrease la ut 020, being a reduction of £73,205 as tributable to the United States, compared with the previous year. where the lack of new business and The net interest after deduction of the fall in commodity prices led to payments on Debenture stocks BRANCHES Bandarais, Barden Booty a considerable shrinkage in the amounted to £968,858, compared Calcuts Carbon, Dub amount of insurance effected on with £1,000,090 in 1929. This re- Easa-Hadja, Makassar, Medan, Padang goods and merchandise. Moreover, duetion of £41,000 was largely at Palembang, Pekalongan, Fong the roductions in rates of premiums tributable to the increase in the Pontianak Bangoon Botterdam" Bamarang", Shaugh Bible which have been put into force in rate of income-tax which was im (Bus), Singapore,

some of the more profitable States posed last year. contributed to the decline in re- venue, while the States in which our business was less profitable did not redress the balance by allowing us to increase our charges.

Djamber. Digi

Kobe,

Baurebaix

Boarsharts (Bolo). Tegal, Tilalap and

5 Wattavadan",

* Iron Dicer hava, safe depoell borse to let. Pardon, Baskınız«National Provincial Bank Ltd. Correpondents all star that world Banking busless of stery descriptios resected.

A. TOKEINK

Mazagar.

tiong Kong, 18th Auguet, 1900,

THE BANK OF CHINA.

行銀國

ernment as an

INTERNATIONAL EXCHANGE

BANK.

HONG KONG BRANCH:

4, Queen's Road Central

There has been transferred from

the account of the fire department to profit and loss a sum of £185,000. This leaves the fire fund at £7,495,- 291. being 110.64 per cent. of the premiums, compared with 102.49 per cent, in 1829.

Cost of businesses acquired has been reduced by £240,894, as al- ready stated, leaving the figure now at £493,449. Our intention is, ac- cording to our previous practice, gradually to eliminate this item from the assets.

cluding the share capital and after The funds of the company, ex-

providing all necessary reserves for ascertained and estimated liabilities, show a surplus of over £12,500,000. We may, therefore, without undue pride, congratulate ourselves on the powerful position which we hold and our ability to meet with equanimity all vicissitudes of fortune.

FREIGHT ON WHEAT

Punjab Government

CONSTIPATED?

TRY THIS THE LATEST, SCIENTIFIC,

Non-Griping, Non-Habit-Creating

Aperient.

People who suffer from con- stipation never really feel woll, and in fact, they go in datly dan- ger of serious disease. The con- gested intestine is the ideal breed Ing-place for germs and it is there that 90 per cent, of germ diseases obtain their foothold. Moreover,

the blood of the constipated per-

Bon is auto-toxinated, that is, im- pregnated with poisonous matter that has been re-absorbed from the congested Intestines, and thus and keep them down.. is unable to fight off the germs.

Sole Sufferer.

The Punjab Government have issued the following communique:--

The dangers of constipation can "At the Instance of the Panjab not be minimised. Old fashioned Government the Railway Board in purgatives that are habit-creating January last agreed to allow a and nauseating can never be a rebate of one-third of the freightage satisfactory cure.. But Pinkettes charges on wheat exported by rail the latest production of science in from all stations in the Punjab to the field of laxative research, are Calcutta' for the February and March. The coat of need thom occasionally, for when ideal for the purpose.. You only this rebate was to be borne by the they act they act thoroughly, Punjab Government provided two though they are non-griping and conditions were fulfilled.

quite gentle in their action. For were.) That not less than a stubborn constipation, for billous average of 750 tons a week were ness, liverishness, our stomach, exported by rail from the Punjab to and all conditions resulting from

two months-!

The proportion of life profits, amounting to £83,088, compares with 3113,088 last year. The differ ence is explained by the fact that a non-recurring instalment of pro- fits arising from the Hand-in-Hand fund appeared in the 1929 accounts and necessarily vanished in 1930.

Interest of Debenture stocks paid and accrued is £82,000 less than in the preceding year. This is ac- In the midst of much that was counted for by the discharge of the Reorganised October 20, 1928, under gloomy in the shipping world, the "Ocean" and "Palatine" Debenture special charter of The National Gov-Marine Department achieved re

stocks at the end of 1929.' markably favourable results on the The usual amount of £20,000 has year's working, upon which our un-been written off, freehold. premises, derwriter, Mr. Page, deserves. our and a similar sum is transferred to Subscribed Capital. ....$26,000,000.00 thanks and congratulations. (Hear, guarantee and pension fund. Poid-Up Capital $24,710,200.00 hear). The net premiums at £698,- The transfer of £155,973 to the Reserve Funds $ 3,820,503.82 823 showed an increase of £13,941 general reserve fund represents in- over those of 1929 while the claims terest dividends and rents received HEAD OFFICE: SHANGHAL

paid and outstanding amounted to by certain of our subsidiary com 2819,700. It was thus rendered panies which have not been included possible to transfer to profit and loss in the dividends paid by these com the same amount as last year-panies to the Commercial Union, ". namely, £200,000—and, after for-

The balance carried forward Owing to our numerous branches in China and large connections in the im-tifying the reserves, to leave the amount to £573,795, out of which portant commercial centres of the marine insurance. fund at 61,194 the directora recommend the pay- world, we are able to extend to our 349. This figure represents 170.91 ment of a final dividend for the year clients special facilities for domestic per cent. ofthe premiums compared 1930 of 10s. 8d. per share, less and foreign banking and exchanges. with 168.7 in 1929.

Income-tax which will require £568,- Proceeding now to the Accident 465. This amount, together, with Department we find that the pre- the interim dividend at the same mlums amounted to £8,658,457, rate paid in November last, will showing a decrease of £127,125 on make a total dividend for the year the figures of the previous year. 1980 of £1 0s. 6d. per share, less in- Calcutta, and (2) that not less than unhealthy, congested internal or If we except the United States, come-tax, costing £1,188,489. an average of-2,250 tons a week were gans they provide speedy and our accident account, at home 'and' From the consolidated balance-exported by rail from the whole of, certain relief. All chemists ean abroad, has shown excellent results. sheet it will be observed that the India into Calcutta during the supply you with Pinkettes, Liver

The passing of the Road Traffic share capital remains the same as period for which the rebate was and Laxative Perfection. Acts in Great Britain and Northern | Ireland was the outstanding feature of 1930... Motor. vehicle and motor- cycle owners must now provide i security for the payment of com- pensation, where legally due, 'for personal injury to third parties, and this security almost always takes the form of a policy of insurance. i There is a general impression that compulsory insurance is of great benefit to the Insurance companies, but that is not a view which we are yet inclined to give unquestion- ing support. Under compulsory in- surance we have less freedom in the selection of our business and we feel compelled to accept, many risks THE BANK OF TAIWAN, LTD. |which we would rather avoid.

(TAIWAN GINKO,);

We also handle the issue of Bonds and other Public Funds of the Chin

and abroad.

Manager. Government bath at home

AMERICAN EXPRESS COMPANY, INC.

-Head Quee: 65, Broadway, New York.

Manager.

Capital Surplus Resorves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

Head Offee: YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia

Berlin

Dombay

Jalcutta

Canton

Changchun

Dairen (Dalny)

Manila Nagasaki Nagoya

Newchwang

New York

Osaka

Poiping Rangoon Fongtian (Mukden) Rio de Janeira

Kamburg

Hankow

Harbin

Hong Kong

Honolula Kai Yuen Karachi

Kobe

London

Los Angeles

Lyona

San Francisco *Seattle

Semarang Shanghai Shimonoseki Singapore Soerabaga Sydney Tientsin Tokyo Tsingtan

Interest allowed on Current Ac. counts.

+1

Deposits received" for fixed periods

‚atʻrates, to be obtained on application.

* H. MORI

Manager.

Hong Kong, 11th April, 1981,

دامدارا

Berlin

U.S.$0,000,000 U.S.31,572.454 .U.S.$1,908.209

BRANCHES:-

Amerdam Autwerp

04.0

Qingow

Saple

Achats

Царица

Hamburg [www

Pirious Para L'abang

Interlaken -

Jerusalem Lida Londoa

Taking Falando

zrite

Bambar

Bearing Bemmalt

Buat Airsa Liverpool

Cara Calonats

Colombo Constantinople

Соравиация Edinburgh Floresce Cate

Lucirty Lugog Luzar

Marallin

Moate Verla

Manita

Munich Housewuz

Allan

Bo:terdam Has

Sumbout

العظام السدات :

Southampton Bingapore St. Moris

Tintain

Viera

FOS

Yokohama Zurich

Brunchea of American Express Company In Principal cities of Unit- ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment handled.

accounts

The Company offers to intending Travelers the use of its "Trizvalers Cheques" and "Letters of Credit and, In addition, the world-wide services of Its thoroughly equipped, Travel Des partment.

Affiliated with

Manager.

SHOU J. CHEN,

Hong Kong, 5th March, 1931.

THE BANK OF CANTON; LTD. Established 1912.

Head Office: Hong Kong.

Authorised Cipital" (H.M. Currency) $11,000,000 Pald-Up Capital prot Boers Food

BILANCHES-

0,555,000 1,200,000

Canton,Shanghai, Bankaw, Bangkok, New York and Ban Franola

15

CORRESPONDENTO

DANKERS-

dayd's Dank, Limited

Je all principal clilos of the World Tr

Porsign change and baking boss of *rary description transected.

Bala Depali Bozsa (raziosa, vizes) al a zisily matal al from $5 to $10.

LOOK POONG, SHAN,

Chief Manager.

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial.

Charter, 1899.

As regarde workmen's compensa- tion, there is a general tendency throughout the world to increase the measure of compensation payable to employees, and it is extremely dif foult at the outset of each new variation In legislation to assess rates of premium on such a basis as will be fair to the insured and A Karenko Keduar produce a reasonable profit for the Makomaza, Shochiku, Taloha, Taloa Takso, Tati, Town, Halie, Tulio,

company. The premium income on Aunor, Fock, this class of insurance, being based OTHERS :==Kang, Kong Singaporn Souabay upon the wages expended, is directly

Centre Back in Formions. Bank-Nosen wanted Average amount. Yen. 15,000,000 BRANCHES AND AGENCIES, JAPAN :—TOKYO, Yokohami, Kobe, Ovala. FORKOBA 1-

CHINA-Bhara, Hankow,

Bestow, Onion,

Bemerang Batavia Bombay. Loudou, Xuw York Daire,

BONDON BANKERS İ

Calcutta

The London County Wetsimise and Fair'e Bank. The Bank has Corpondente fu all the principal

Comamarelal Oextree throughout; the world.

Manage.

E. NAGURA.

& Dan Vous Road Central Hong Kong, 191⁄2 Takstary. 2890,0

THE CHASE NATIONAL: BANK HONG KONG BRANCH

Over 6$2,500,000,090

Resources

HDENSON, General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918)

HEAD OFFICE,

~ 10, Des Voeux Road, Central;

Capital and Surplus Tota

HONG KONG

www.over H.$ 8,000,000.007 **Rover H580,000,000.00' ription of Banking and Exchange business

Deposit Accounts in local and for

affected by industrial conditions. With the prevailing depression, the adverse effect was very noticeable in the past year, and there is no indication that 1981 will show any improvement.

From the accident account there has been transferred to profit and loss the sum of £70,000, Although, owing to the adverse factors to which I have referred, the revenue account of the Accident Department shows only a profit of £870, we felt Justified in taking the sum of ARE INVITED TO INSPECT OUR #70,000 to profit and loss in view of

STOOK OF

YOU

ASIATIC FOREIGN AND COLONIAL

POSTAGE STAMPS

IN SETS SINGLE PACKETS, BAGS AND IN APPROVAL

GRACA & CO.,

Stampi

the generous fund by which the ac counts buttressed. This transfer leaves the fund at £5,824,608, being 67.27 per cent of the premiums as compared with 67,74 in the previous year

Life Department Achievement.

These

Yet---

AS MODERN

AS THE "TALKIES"

The best things in life never grow stale. Bom back in the crinoline days, even now THREE CASTLES remains a leader among the finost Virginian-cigarettes made. A good friend-an honest smoke there's no sweeter tobacco comes from Virgiula and no beiter brand than the THREE CASTLES

THREE CASTLES

CIGARETTES

S FOR FIFTY YEARS