1931-06-29 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Acttorinad Capital womenemener #58,900,008 Imust and Fully Pald-up @30,008,308 Leerra Funda 1-

„Sterling wanamme

Bir

✯ 0,100,500 $10,000,00

Reserve Batally, of Proprialore #18,000,000 HEAD OFFICE, HONG KONG.

BOARD OP DINKOTONS:—

Goo. Mr.. O. 0. 8. Mackie. Chairman.

Sen. Mr. J. J. Patamos,

Deputy Chairman.

Hon. Mr. B. Bail, T. E. Pearce, Pag.

.. Campton, Eaz. 3. A. Plummer, Esq.

B. Leader Lawla, Esq. T.'il. D. Bhaw, Zaq.

G. Makin, Gay,

RANGEON

ANUR

• BATAVIA

CHEFOO

J. F. Warren, Ewa-

Chief Misugar.

V. M. Graybarn. Exe..

DRANCHES:

LONDON

LYONN

NALACOA

BOMBAY

MANILA

DALOUTTA

MUAR (Johor)

.CAMION

MURDEN

NEW YORK

COLOMBO

FEIPING

DAIBEN FUNCUOW

FENANO

BANGOON

BAIPHONG

WANDER

MANKOW

BABBIN

HONOLEW

ILAILU

FORQUE

X002

KUWLOUN

KUALA LUMPUR

BAIGON

SAN FRANCI60

MILANORAL

BINGAPORE

BOURABAYA

BUNGEI PATAM TIENTSIN

TOKYO

THINGTAO

YOKOHAMA ..

Queenal Aounts opened in Local Currency and Pised Deposits raceted for one your skortar periode in Local Currency pad Harling same wilick will to quoted on application. Hang Bang, 28th Febrodes, 1981.

HONG KONG SAVINGS BANK.

The Boalcore of the above Hank ja souduci

BA HONG KONG AND SHANGHAI BANKING CORPORATION, Bgle may abeained on application.

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.

V. H. GRAYBURN,

Chiel Manger,

Bong Kong, 10h July, 1980.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Hausamann; Paris.

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Frs. 68,400,000.00 Reserve Funds Frs.102.000.000.00

BRANCHES: Bangkok Hong Kong Quinhon Battambang IIue

Salgen Cantho

Shanghai Nam-Dính Singapore

Thanha

Canton

Mengtze

Djibouti Numea

Fort-Bayard Papeete Tientsin Haiphong Feking Tourano Hankow Pnom Fenh Vinh Hanoi

Pondichery Yunnanfa

BANKERS:

IN FRANCE: Comptals National d'Escompte de Paris: Credit Lyonnala; Banque de Paris et des Pays-Bas; Credit Industrio! et Commercial; So- clate Generale.

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

IN NEW YORK: J. P., Morgan & Co., French American Banking Cor- poranon; Guaranty Trust Co. of New Yark.

Interest allowed on Current Ac couts and Fixed Deposits according to arrangements.

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

A. BONNAUD,

THE CHARTERED BANK OF

INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON,

Paid-up Capital

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:-SINGAPORE Hong Kong Branch: 13, Queen's Rd. C.

.£3,000,000

Reserve Fund

£4,000,000

Authorised Capital Straits $20,000,000 Issued Capital

6,000,000

Reserve Liability of Pro-

Pald-up Capital

4,000,000

⚫priators

43,000,000

Reserve Liabilities

of Shareholders

Agencies and Branches:

Surplus

H

2,620,000

4,000,000

ALOR STAB

KCALA LUMPUR A

(Malay Slates)

KVORING

AMAITSAN.

KADRAS

MANILA

MEDAN

DANGTOK DATAFIA BONDAY CALCUTTA

-CANTOR

CAWNPORE

USBU

NEW YORK

PEXING

PENANG

COLONDO

LANGOON

*

DAIREN (Dalag

BAIGON

Bonita Hanchuzia)

REMARANO

DELMI

SEREMBAN

HAIPHONG

SHANGHAI

HAMBURG

BINGAPORE

BITIAWAN

SOURABAYA

TAVOY

HANKOW

HARBIN

(N. Mnaoburlai

IPOL

HONG KONG

ILOILO

XABACHI

KLAND

KOBE

KUALA KANGSAR

(Forni F.KB)

TAIPING (F.ML.B.)

TIENT SIN

TOKYO

TONGIAB (Bhokai)

781NOT AD

YOKOHAMA

ZAMDOANDA

Philippo Inlanda)

Gearst

Foreign Exchange and

Banking business transacted.

Current Accounts opened and Fix. ed Deposits rocaived 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: 56, Wall Street, New York,

Capital, Surplus and

Undivided Profits ..U.S.$228,037,302

Branches in:TM

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

PHILIPPINE

MEXICO

PANAMA

PERU

CHINA COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

ISLANDS

PORTO RICO

STRAFTS

SETTLEMENTS URUGUAY VENEZUELA.

Commercial and Travellers Letters of Credit, Travellers Cheques, Bills of Exchange and Cable Transfera bought and sold. Current accounts and Savings Bank accounts opened .and Fixed Deposits in local and for- at rates that eign currencies taken

may be ascertained on application to the Bank.

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

and Nice.

F. MED. COURTNEY,

Manager. Hong Kong, June 16, 1931.

THE

AMERICAN EXPRESS COMPANY, ING.

Head Once: 65, Broadway, New York.

Manager.

Hong Kong, 1st May, 1981.

Capital Surplus .Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

Reserve Fund

Head Office:-YOKOHAMA,

Branchen and Aganeles at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Changchun

Hamburg

Hankow

Manila Nagasaki

Nagoya

Newchwang

Now York Osaka Peiping Dairen (Dalny)

Rangoon Fengülen (Mukden) Rio de Janeiro San Francisco. Seattle Shangh

Shimonosoki Singapore Boorabaya Sydney Tientala Tokyo

Harbin

Hong Kong.

Honolulu

Kai Yaon

Karachi Kobe

London

Los Angeles

Lyons

Tsingtau

Interest allowed on Current Ac- .counts.

Deposits received for fixed periods

at rates to be obtained on application.

HMORI

Manager.

Hong Kong, 11th April, 1981.

Amaioriam Antiocy

.U.S.$8,000,000 U.S.$1,572,454 U.S.$1,908,200

BRANCHES:-

Серов

Changove

Naples

Picas Paris

Penang

febelakan

Pakip Faleron

Barack Fatburg FLATTR Jerusalem

Athana

Бол

Berlin

Biarrita

Bomber

Bemen

E

Calre

Caloriin

Lido Σουτσα Edupood Lowe Lagno CATOR Mazallas House Uncle Manila

Muzich Kostreaz Milan

Cazzo

Oclambe

Consesinople

Botterdam Be

Bob

لقطع محطة

sesthampice Bingspors

BL. Morlis Flanlain Vienna

Trades Yokoham lola

Copenhag Edisburg's Fioremos CHEVE

Branches of American Express Company in Principal cities of Unit ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment Recounts handled.

The Company offers to intending Travellers the use of its "Travelers

Cheques and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel De- partment.

Aflitated with

THE CHASE NATIONAL BANK

Resources

Over G$2,500,000,000

[C.. E. BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICES

10, Des Voeux Road, Central,

Copital and Surplus:

HONG KONG

over. H.S 8,000,000,00 over H.$30,000,000.00

"Every description of Banking "and Exchange:)

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BODIETT)

BANKKES.

MONDAY, JUNE 29, 1931..

Second in Professional

Examination.

WOMAN AUCTIONEER

Commerce

Finance.

and

BRITISH ECONOMIC SITUATION.

10 GUINEAS PRIZE.

A Surrey woman has gained the

Optimistic Outlook for the British worker, while that of the nual examinations, show that out of

the Future.

*

The standard of living thus attained second place in the final profession- is high compared with that of other | al examination of the Auc- European countries. The purchasing tioneers' and Estate Agents' Insti- power of the German workers wage is, tuto. " on the average, three-fourths of that of The result of the Institute's an-

698 candidates, 428 were successful. In the final examination Walter, Norman Read, of Castle Bur-road, Ealing, was first in order of merit, gaining the Daniel Watney gold medal and prize of 15 guineas.

Margaret Price, of Rodenhurst, Oxted, Surrey, was second, and Ewart Beaconafield Davey, of Vic- Southend-on-Sea, toria Avenue, third.

This is but a bare summary of a secs. lan of Sir Walter Layton's striking article but his conclusions are of a dis- tinctly optimistic character, and they are unquestionably sound.

TUTANKHAMEN STORY.

French worker is about three-fifths. And, in`spite of all that has "been said and written, Great Britain can afford An exhaustive and penetrating analysis of the economic situation in such a higher standard of living, for Great Britain was recently made by Sirt has been accompanied by increasing Walter Layton, editor of the Economist, productivity and an increasing volume

of employment. and published in the Revue de Faria. The articio served as a heartening affirmation of "the essential soundness of the British position, and it should dissipate a great deal of the pessimistic ntmosphere created by the many hasty and superficial declarations made by bath' British and foreign writers of a permanent decline in British prosperity. The article opens by outlining à num. For ber of the statements made. (31,600,000.

example, it has been said that the shift of the centre of gravity of the world's 124,industrial activities to America has left Great Britain a declining force; that

·BRANCHER – BASE] armasin, Bandong), Boubay, the British people cannot hope to res

calolita, Obation, Damber, Djaki Ecla-Hadja, Makaemer, Medan, Fadas industrial setback due to the War that Jakarta The Bagon Toddak Robe, cover, in present conditions, from the Palembang, Poksima galle

Zagon Rettedama rapid charge cannot be effects in Pontianak, Barang

economic organisation owing to conser (Gum), Boarakarta (Sale), Legal, Tiap and vative traditions; and that British workers have been spoiled by a high standard of living, which the country cannot afford.

· Established 1891,

Hong Kong Ofoe2-15, Queen's Bood Conses)

Authorised Capital, momi Ouildare 180,000,000- Zášk-Up Capital Collars 60,080,00% (40,000,170) Heart Fondunum. Ozildaru 40,013,000

Dead Oos-AMSTERDAM" Engioen Hand Onder-BATAVIA.

Wallavrodan

Shanghai,

Blagapore,

Bourb

* The offres bare mile depoeli bosan ko lak, Loeden Banker :---National Provincial Besk Lid. Correspondants all over the world. Banking business al vráty doption traumosed,

А. БРОБЛІК,

Bau Kong, 18th August, 1980.

THE BANK OF CHINA. 行 銀國 中

ernmont as 'on

In considering how Great Britain has fared since the War, it is as well to deal with the period between 1924 and the end of 1929, states the May bulletin issued by the Department of Overseas Trade. 1924 was the year when the country had settled down after the post War boom and decline, and it was also

Grain of Corn That Needs a Grain of Salt.

London authorities are acepti-

of wheat, found in the tomb of cal about the report that a grain

King Tutankhamen of Luxor has sprouted on the Alberta farm of Mr. Herman Trelle. Sir Ernest Wallis Budge, the Egyptologist, said:--

Miss Price is the first woman to pass the examination with honours and become a first class member of the Institute since women were first allowed to compete in 1919.

She gains a 10 guineas prize. Less than 20 of the successful 428. gained frst-class membership, which requires the gaining of a minimum of 75 per cent. of marks in each of nine subjects.

Taking After Father, R: Arnold Price, an auctioneer and Miss Price is the daughter of Mr. estate agent at Clapham.

of Price and Bathurst, High Street, Miss Price was busy in the offices Clapham, when interviewed.

"I was a teacher, in a secondary "I don't believe it. I used to school," she said, "but I felt that get two or three letters every would like to tackle something week from people who wanted to fresh; so I started, with my father's know if such Egyptian wheat would mature. I became so tired help, studying for the Auctioneers of answering them that I had institute examination two years the reasons printed on a little had of the business."

ago, That was the first experience

form all ready to be sent off.

When she was asked if she would

now become a partner in the firm of Price and Bathurst, Miss Price declined to give a definite reply.

The explanation is this: all! the year when the first post-War cen- the tombs of Egypt are in the aus of production was taken; and the hills, and there is only one en Reorganised October 26, 1928, under slump in 1980 was a world-wide pheno-trance in the front of each. Any

Jack Edmund King, of King's thing inside the tomb can be Avenue, Woodford Green, won the guarded by one man at the door silver medal and prizo of 10 guineas way, and so people who are carrying wheat from Syria stack, in the intermediate examination. their bags in the tomb for safety, Grains have been found in many tombs, and some have matured; but it was Syrian wheat and barely five years old.

BANK.

special chatter of The National, Gov-menon due to world causes. Sir Walter Layton shows, then. that the Board of INTERNATIONAL EXCHANGE

Trade Index of production demonstrates that national production was 11.0 per Subscribed Capital....$25,000,000.00 cent. greater in 1929 than in 1924. Dur Paid-Up Capital .....$24,710,200.00 ing the same perled the population in- Reserve Funds .. 8,820,503.82 creased by less than 2 per cent.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central.

Unemployment Figures. The unemployment figures are inter Jesting in this connection. During 1929 they were high, as they had been for some years, but relatively they were no higher than in 1924. The number of China and large connections in the im- the workers" insurance statistics show Owing to our numerous branches in workers available for employment, as portant commerslal centres of the. world, we are able to extend to oured had increased by 7 per cent, and clients special facilities for domestic the number had increased by approxim- and foreign banking and exchanges. ately the same figure.

We also handle the issue of Bonds and other Public Funda of the Chiu- esa Government both at home And abroad.

In 1924 the Average number in em 'ployment' was 9,938,000; in 1929 the average number in employment was 10,826,000. It might be noted here, as Manager. evidence of.improvement in the techni- que of British production,, that a seven per cent, increase in the number of employed has gone with an 11.6 per

SHOU J. CHEN,

Hong Kong, 5th March, 1931.

THE BANK OF CANTON, LTD. cant, increase in productivity.

Established 1912.

Head Office:-Hong Kong

Authoriend Ospital (H.X. Dorsney) $11,000,000 Paid-up Captial

8,685,000 Berri nd

1,100,000 Canton, Shanghai, Banker, Swaior, Bangkok, New York and Ban Fesselno,

BRANCHES 1

CORRESPONDENTS

LONDON BANKENS1—

The Lloyd's Bank, Lámjað,

la si prineipel tiles of the World Zogu sachange and banking buzlases, o every description traumoled.

Bafa Depoel Borna (vardoar dlase) et n'yinele milf from 8 to

LOOK POONG BHAN,

Chief Manager.

There is another point worthy of spe- cial note in connection with this question of unemployment. In 1924 thà number of workers actually employ. ed was 100,000 more than in the year before the War-which was a year of exceptionally good trade and very little unemployment. In 1929 there were thus 800,000 more persons employed In 1913. Meanwhile there had been a rising atandard' of Hying. Real wages (based on purchasing power and not on actual rates paid) have. increased by approximately eight per cent, since 1924.

Further, hours of labour have been reduced by about ten per cent, and there has been a greater provision of "social services of old age, and THE BANK OF TAIWAN, LTD. widows' pensions, housing subsidies,

(TAIWAN GINKO.)

.

HEAD OFFICE:-Talpeh, Formosa

Incorporated by Special Imperial Charter, 1899.

Central Bank Fort Back-Kotes Loved Average Amouni ....Tan. 48,000,000 BRANCHES AND AGENDIRA; JAPAN:- Iooss, Kobe, Oral, FORMOWA 1—fitam, Kagi, Karenko, Kelang,

akong, Kanto, Bakakin, Talban, Ini Takso, Tacri, Tosa,, Hala, Talia.

health services, and so on. During: the past thirty years, to go outside the period with which we have so far con cerned ourselves, infanille mortality has been approximately halved, and the average expectation of life has becn considerably increased.

Cost of Living,

A consideration of the consumption per head of population of certain com- cHENA Banghal, Hankow, Amor, Yochow, modities for different periods is inter-

Biwalow, Canton.

SERB

Mapipors, -- Bourabaya esting. In 1913 the comumption” of

London, New York, Dairamu

LONDON HANKKARI

Calori

sugar per head was 83.22 lb., in 1924 it

The Loudon County Waminer and Fay's Bankas 78.54, in 1929 it was 88.94; of tes

The Bank has spondants in sil tas pelasipal Commeraal Centres throughout the world.

-L'HAGURA..

ZONG KONG BRANCH

3D Vox Bond Orates. - Hong Kong. Ith Prosary, 1920

YOU

it was 6,09 lb. in 1918, in 1024 it was 8.81, in 1929 it was 10.15; of batter (im- ported) it was 9.00 3b, in 1918, in 1924 It was 12.72, In 1929 it was 15.30; of beaf (Imported) it was 21.06 lb. in 1918, In 1924 It was 30.38, in 1929 it was 28.07: of bacon it was 13.68 lb. in 1918, In 1924 It was 22.27, in 1929 it was 21.879

In connection with the great increase In ten consumption, it should be noted that there has been a great falling off

ARE INVITED TO INSPECT OUR in the consumption of alcoholle drinks,

ASIATIC FOREIGN AND

COLONIAL AN POSTAGE STAMPS

IN BETS, SINGLE PACKETS, BAGS AND IN APPROVAL- SHEETS.

GRAC

partly due to changing habits.and part ly to very high taxation.

Taking the period from 1913 to 1920, Post Office Savings deposita ross from £187 millions to £286 millions. Bulld ing Societies assets 2080 from £65 millions to £18 millions. Industrial and Provident, Societies' amets and Industrial Life Insurance {creased from 395 Hons 1920

BELGIAN DEFENCE

PLAN.

Fortified Zone Near Dutch Frontier."

QUESTION OF CREDITS.

The discussion on the credits for national defence was con- tinued in Parliament recently when M. de Brocqueville, Minis ter of National Defence, de- clared that the Government's scheme was to constitute a forti- Antwerp, fied zone between Ostend, Ghent, and the Dutch frontier capable of shelter- He de- ing 850,000 soldiers. clared himself against the plan proposed by General Helle baut, consisting in re-establish- ment of a line of block houses and forts along the eastern bor der. This, he said, would require too many soldiers and cost more than three billion francs, where as the building of new forts at Ghent and the restoring of old forts at Antwerp, together with the erection of small forts in the forified zones of Northern Flan- ders, would cost only 600,000,000 francs and serve the country better than the fortifications of the frontier.

M. de Brocqueville also an nounced the probable creation of sharpshooters much alike to the a new regiment of Ardennes French Chasseurs Alpins. This regiment would be formed by sharpshooters of the Ardennes, armed with light, portable ma chine-guns. Their task would consist exclusively in defending the hilly province of Luxemburg. | Objections were raised by So- cialist members on the ground that the unemployment problem and by some Walloon deputies op- is more vital than armaments,

posed to the abandonment of the Walloon part of the country in the defence scheme.

and

Prince Edward Island syndicate has purchased a three-quarter sce- Canadian bond sales for the tlon. farm close to Long Lake, year to date amount to $211,193,386 Strasbourg, for the purpose of pro- as compared with $191,969,821 for ducfng, raising and slaughtering the corresponding period of last hoge,

curing and ship- to Britain. It "Once when I was at Luxor we year and $140,814,686 for that of ping. bacon'

that buildings cap. opened an Eighteenth Dynasty the year before. Purchases by is stated tomb and found a lot of wheat, Canadian financial houses made up able of holding 5,000 hoga are. and I brought some back. Now a total of $147,306,886, whilst being erected and the necessary

Kew, tried blue glass, green of Thistleton Dyer, then director at American firms bought to the extent machinery and equipment secured.

$59,787,000

of pure-bred and British Foundation stock glass, yellow glass, red glass and

Yorkshire hogs has been purchased every possible means to make

and shipped to Long Lake.· ́ those grains grow, but the germs were dead.

"Ask any farmer if he will buy wheat even five years old. That is the answer to this ab surd question."

Dr. T. F. Chipp, Assistant- director at Kew Gardens, was equally incredulous. He said:

I know of no parallel case, and to my knowledge there is no

$4,100,000,

authenticated record of wheat from an Egyptian tomb ever With the exception of the United maturing. The trouble with all Irrigation District, west of Card- these stories and there are aton, the entire 1931 beet acreage many of them-is that proof of has been signed up in Southern Ai the finding and the circumstances berta and all contracts are filled out, are generally lacking, and there The field staff of the Canadian are so many sources of error. I Sugar Factories have had no dim- should want to see the whole culty In securing sufficient signera thing from start to finish before for the allotted 12,000 acres,. It fa I was convinced."

reported.

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 finest Virginian cigarettes made. A good friend-an honest smoke there's no sweeter tobacco comes from Virginia and no better brand than the "THREE CASTLE

THREE CASTLES

CIGARETTES

FAMOUS FOR FIFTY YEARS