1931-07-21 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorland Ospitat en

Tresied and Pully Paid-up a $20,000,000 Bossern. Panda 1-

........................ £ 1,300,000

Mil 10,000,000 Bors Lally of Propelators (30,000,000 HEAD OFNOR, HONG KONG.

BOARD OF DIRECTORS;—

Hon. Mr, 0, d. 8. Kaskla Obelrcoan.

Hon. Mr. I. J, Palarvon. Deputy Chairman.

Hon Mr. 4. H. Ball, 7. 2. Psaros, Reg.

A. H. Campion, Eng. J. à. Fluxner, Zeg

3. Landse Lewis, Eaq. T. 15. M. akaw, Mag.

*. Miskia, 'Xaq, + J. P. Warren, 244

· MOX

BANGKON

BATAVIA

Ohlal Massage.

V. M. Grayburn, Mag.

BRANCHES:-

LONDON

4

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE=SINGAPORE

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON.

Authorized Capital Strata $20,000,000 .£3,000,000 Issued Capital.... Paid-up Capital

£4,000,000 Fid-up Capital

Liabilities Rosarys

Reserve Fund

Reserve Liability of Pro-

prietors

TUESDAY, JULY 21, 1931.

market Russia and America con LOTS OF WEATHER,

tinue to send undiminished' and

and words, the indigenous industry,

ever-increasing supplies. In other BUT NO FORECASTS.

Commerce

Finance

which has not increased but wine":

Missed Most.

ly stabilised its production, is ac- What Antarctic Voyages Įtually expected to curtail the ex- tent of its operations, with all that means to the many thousands of Indians and Burmese engaged in make room for their foolish com petitors' overflow.

'Hong Kong Branch: 18, Queen's Ed. C. RATIONALISATION IN TO HASTEN TRADE or dependent upon it; In order to

$3,000,000 of Shareholders.

Surplus

Agencies and Branches:' ALOB STAR

KUALA LUMPUR KUOKING

AKEITSAN

BANGKOK BATAVIA BOMBAY CALOUTTA

CANTON

DAWNPORE'

OBBU

COLOMBO

DAIBEN (Dalay

South Manokurla?

DXLEI

ΕΤΑΙΡΣΩΝΟ

MADRAS

MANILA...

MRDAN

NEW YORK

PREING

PENANG

BANDOOH

SAIGON

SEMARANG

SEREMBAN

SHANGHAI

HAMBURG

BINGAPORE

НАНИОТ

BITTAWAN

LIONS

STABBIN

BOUBABAYA

MALLOGA

N. Hesabatla】 -

TAIPING (P.M.8.)

HÒNG TONG

TAVOY

MANILA

ILOILO

MCA (Johora).

[TOR

CANTON

MUKDEN

KABAUHI

TONGKAH (Bucket)

KLANG

*CU2700)

NEW YORK

TSINGTAO

Kenn

YOKOHAMA

COLUMBU

РВЕРІНО

ZAMBOANGA

DAIREN

POOCHOW

(Pallippine Islanda)

and

LXXPHONO

HAMBUNG

BOMBAY

CALOUTTA

HANKOW HABBIX

HONGXRW

ILOILO

HUR

JGEDES

MUER

KUWLOON

KUALA LUMPUR

PENANG

BANGOON

BAIGON

BAR FRANCIBÓ

BHANOM

Я КОДРОВЯ

BOTIBABAYA

BUNORI PATANI ~TIENTSIN-

ΤΟΚΤΟ

THINUTAD

YOKOHAMA

Our Accounts opened in Loos! Quez andized Deposite rosivad for one year or shorter periods in Local Bursary and Visaling one which will be quoted sa application. Hoog Long Wa Wabruary, 1942,

HONG KONG SAYINGS BANK,

The Bosision of the abɗry Bank is conduct-

ed by the HONG KONG AND SHANGHAI BANKING CORPORATION,

Balas may be

obtained on sppilation AND BEANOMAT

ТОВ ТПЕ BLING CORPORATION.

V. Y. ORAYBURN.

Chis! Manager.

Hoog Hood, Ith July, 1990.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96. Boulevard Haussmann, Paris.

Subscribed Capital Fra. 72,000,000.00

Paid-Up Capital...Fr. 58,400,000.00 Reserve Funds Frs.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinbon

Saigon Battambang Hue

Mengta Shanghai Canton Nam-Dinh Singapore Djibouti Nomer Thành

Tientaln Fort Bayard Papeete

Haiphong Peking Tourazo

Pnor-Penh Vĩnh

Hankow Handl

Pondichery Yunnanfa BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais: Banque de Paris, at dos Pays-Bas; Credit Industrial et Commercial; Bo date Generale.

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

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

interest allowed on Current Ac counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let

A. BONNAUD,

KUALA KANGSAR

(PMB)

TIEKISIN

TORYO

Foreign Exchange

Banking business transacted.

General

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, 1981.

THE NATIONAL CITT BANK

OF NEW YORK.

HEAD OFFICE: -55, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.3226,087,892

Branches --

LONDON

ARGENTINE

BELGIUM

CHILE

ISLANDS

MEXICO

BRAZIL

PANAMA

PERU

CHINA

PHILIPPINE

COLOMBIA

CUBA

PORTO RICO

DOMINICAN

STRAITS

INDIA ITALY JAPAN

REPUBLIC SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters

97

8,000,000 $,000,000

4,000,000 2,087,000

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

Every description of Banking, and Exchange business transacted.

TAN ENG HOOI,

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(KETHERLANDA TRADING SQUIRTTI

BANKERS

Established 198DE.

Hong Kong Offon 1-12, Queen's. Road Osawal. Axikoload Caplial ....... Guliders 150,000,000- (#13,360,000) Fald-Up Capital Guildser 10,580,906 (46,000 371) We Fund ... Guildere 10,016,000

**Head UC-AMSTERDÁM®

Eastern Head Office:-BATAVIA,

pak

Calcutta, Cheriton, Djember, Djok

THE U. K.

The First to Suffer;

First to Recover.

INTERESTING PHENOMENON:

RECOVERY.

Ample Credit Facilities Should Be Provided.

MIDLAND BANK'S VIEW.

TWO YEARS RESEARCH.

There

board "Discovery II" in St. Kather were glad reunions on

ine'a Dock, Stepney, last month. The ship has been away two years. in the Antarctic, conducting re- search work in connection with the

movements of whales,

She was held up by fog near South. land, but was able to dock early.

To such a demand there can be only one answer, and Sir John Car gil gave it in the clearest and | most emphatic terms, The time habite and

has arrived, he said, when im portera of foreign olla must, [Instead,"be required to "hold back to the extent necessary for India's Indigenous production to find its market in

India' Itself." The Midland Bank,

It is not merely a question of Among the British industries which were the first to feel the Monthly Review, has added the protecting the Burma Oll Com The or effect of the post-war difficulties Board of Trade Index of production Pany's own interests. was the engineering industry. Not to. Its series of quarterly chart mic life of the country, and its ganisation's position in the econo- The relative buoyancy of "home

Its vast

In its

Doctor S. W. Kemp and Doctor Nell Mackintosh, the senior scien tffe leaders of the expedition, said that they were thoroughly satisfied With the results. One of the crew said:"

"I should not exactly call it a pleasure cruise, but at the same.

time I cannot say we had altogether

a bad time. What was the weather

all sections were so affected, for the electrical branch of the indus trade is indicated, among several responsibility towards try has been very active for some signs, by the maintenance of labour force, alike demand that like? Well, it was just the same years past and has enjoyed relative country and provincial clearings at the duty shall be resolutely faced.as you have had at home, only a lot prosperity. But the heavy indus- a high level when allowance is The success of its representations more so. Talk about rain; it came made for lower commodity prices. will, in large measure, depend down on us in drops the size of tries" have had a trying time.

the height of the The fact that some recovery has upon the support which they re half-crowns. Talk about cold; it Now, at "ocenomic blizzard" caused by a occurred in the proportion of cur- ceive in India and Burma Itself was nearly enough to freeze you. world-wide slump in trade, the in rent account balances to total de- It was, therefore, opportune for the We wore fux helmets, heavy wool teresting phenomenon is to be wit posits of the Midland Bank is also Chairman to emphasise afresh the cunts, thick woollen jerseys, dea neased that it is just those indus- encouraging as a hint of slightly immense value of the Burma or boobs and everything that could possibly, keep ur Warm, and then: It tries-which suffered earliest in the freer movement of money supplies. ganisation's operations post-war depression that are now A rise shown in bank advances, economic welfare of India."

was quite cold enough for me. The. more favourable position, too, may be considered as pointing way doubt whether, even in official fog was the worst. We have had writes a special correspondent in to somewhat more liberal use in circles, the extent of its staks, as a lot of it. When you get fog out the "Monthly Bulletin" of the De- trade and industry of the available brought out in the exceptionally there among the ice packs you don't know what you're going to bump partment of Overseas Trade. The supplies of credit.

into from one minute to the next."

DRAKOERS Bandiermanis Bando Bembey,

Jack The Bigos Jul, Kola-Hadja, Makser, Medan, Pada Faltberg, Fikslongan, Poljanak Bango Birdamin Bamaran

Shanghai, (Bumala), Blagaporn,

Boers

Sonralaris (Solo), Legal, Tillaf

Wallavroden",

These ollos karo sala deposis beatum de fad. London Banka-Kaiional Provincial Bank Lad. Correspondents all over the world Banking business of every description. tramandled.

A. STOKKINK.

Hong Kong, 18th Auguel, 1900,

Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 28, 1929, under special charter of The National Gov ernment as an

INTERNATIONAL EXCHANGE

BANK.

&

to the

We

Instructive and arresting statisties cited by Sir John. Cargill, is even reason for this seeming paradox is .. Strength of Sterling.

now realised. The enterprise that they were the first to reor.

The monetary situation is in which 41 years ago consisted mere- ganise. In the engineering indus-other important respecta conduciva ly of an almost derelict refinery tries of Great Britain "rationalisa to business recovery. Sterling has with a white staff of only six has tion" was begun several years ago been comparatively strong in regrown through its own unaided Grent firms were, amalgamated,lation not only to dollars but to efforts into a vast Imperial or capital was ruthlessly cut down, franes, reichsmarks and other cur-ganisation, with over 52,600 em- and vast economies effected. The rencies. As a consequence the re-ployees on an annual pay-roll of result of all this painful but neces- serve and gold holdings of the over £2,600,000, which contributes sary activity is that now thene in central bank have recovered to a each year nearly £2,500,000 in dustries are in a better position to level at which a moderately liberal taxation alone to the Central and cope with present difficulties than credit policy can safely be pur Provincial revenues of India. are other industries.

Shares Appreciate.

sued. In one sense guch a policy | Is clearly being followed-money is

cheap and the rates now current 18. 4d. RUPEE RATIO.

An Indication of how the indus-will provide some stimulus, when

Ate Whale and Shark. another man said, "was the weather "One of the things we missed," forecasts over the wireless. They would have been useful. There we were thousands of miles away, from of a wavelength by which we could a station, and never within range

get the forecasts. News, of course, we did get with our own wireless."

Mr. A. Berry, the chief steward,. sald that they caught whales and sharka, and ate large quantities of

turbot. Seal liver was another

their meat Shark tasted like thick

dish.

Subscribed Caplial ....$25,000,000.00 try la faring is given by the recent a more enterprising spirit prevalle, Sir M. Webb's Cure of Credit, Travellers' Cheque, Bill Pald-Up Capital ... $21,710,200.00 advance in the value of stocks and to. the development of business,; For 'Desperate Disease Glasgow, and all parts of the

of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- eign currencies taken at rates that may be ascertained on application to the Bank

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

F. MED. COURTNEY,

Hong Kong, June 16, 1081.

THE

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Boud Central.

The crew came from Portsmouth,

country,

Shares of British engineering com particularly international trade, Reserve Funds, ......................₺ 3,820,508.82 panies. One of the largest of these and expansion of capital under-

"Desperate diseases demand

Autographed photographs of the concerns is the world-renowned takings.

desperate remedies," said Sir Mon-King and Queen are on board the Messrs. Vickers, Limited. This

On the other hand, it is anfor tague Webb, formerly chairman of ship. Hundreds of photographs of company has just paid for the tunate that bank deposits have the Karachi Chamber of Com Antarctic conditions and specimens fourth year in succession a divi: reached a lower level than was

merce, in an interview during have been brought back by the dend of 8 per cent. The company ruling either a year or two years which he urged the reduction of expedition. Owing to our numerous branches in some few years ago had to make ago. This development may have the rupee ratio to 18, 4d. China and large connections in the im- immense cuts in its capital but resulted from steps considered

a strong financial necessary to maintain the external the rupee seems to me the least. portant commercial centres of the now it enjoys work, we are able to extend to our position. As its chairman remark value of sterling but it would be dangerous course to follow in the clients special facilities' for domestic ed a year ago, this would enable unfortunate to the last degree it

and foreign banking and exchanges.

abroad,

"Dropping the sterling value of

Backaches and Their Causes.

Many people, when they experience an ache or pain in the small of the We also handle the issue of Bonds it to pass through even a prolong any incipient movement towards present very grave economic emer Manager. and other Publie Funds of the Chin-ed period of bad trade with com business recovery were hampered Kency," said Sir Montague.

ass Government both at home and parative equanimity.".

"The desperate disease, to-day is back, fatmediately jump to the conele-

slon that something must be wrong. This Is to the slightest extent by illiber SHOU J. CHEN,

true of other firma. in the Industry.ality in the provision, of financial a world-wide fall in prices, so ex- with their kidneys. This, as any doc Manager.hence the restrained optimism facilities. It would be absurd to tensive, so rapid, so unending that tor will agree is in most cases an Hong Kong, 5th March, 1991 reflected by the enhanced Stock suggest, states the "Review," that all primary producers in all coun- entirely erroneous ides.

kidneys at fault, for when kidney Exchange quotations.

any actual shortage exists at the tries have been brought to the percent of cases of backache are the

verge of ruin.

In India the in-troubles have reached the stage where In spite of all the difficulties of moment but in these matters B last year the total exports of longer view must be taken, and itability of the agriculturists to sell pains in the back are manifested, the THE BANK OF CANTON, LID. British-made machinery, averaged is only too easy to be too late, their products, profitably prevents sufferer is in a serious state and will

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway,

-New-York.

Manager.

Hong Kong, 1st May, 1931.

Capital Surplus Reserves

.U.S.$6,000,000 U.8.$1,672,454 U.S.$1,908,209

BRANCHES:

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.-

Capital (fully paid-up) Yen 100,000,000 Rezerve Fand

.Yen 115,000,000

Head Office:—YOKOHAMA.

Branches and Agencies uts

Alexandria

Batavia

Berlin

Bombay

Calcatia

Canton

Changchun

Nagasaki Nagoya Nowchwang

New York Osaka

Paris

Palping Bangoon Fengtien (Mukden) Rio de Janeiro

Dairen (Dalny)

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Xa Yuen Karachi. Kobe

London

Los Angeles

Manila

Seattle

San Francisco

Semarang Shangha

Shimonosof

Singapore

Sourabaya

Sydney Tientsin Tokyo!! Tsingtan Interest allowed on Current Ac counts.

Deposits received for fired periods at extos to be obtained on-application

Manager.

Hong Kong, 10th July, 1991.

Aruatorda

Bala Parila

Barcla

depos 'Glagow HATIES Hamburg

Wagine

Pazie

Faking

Boblerdas Home Hanhout Bhaagha Souths Flugspore Marvelles

81 Kat Monte Carlo Takin

Liverpool

Laverne Lagoo

Bel Buses Ale Deira

Cannon

Islariaken Tornaadam 1430 London

• Constantinopla Dopenba Kumburg Florencs Gamers

Maria

Munich

Xantees

Vietna

"Tokohama

Zurich

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

Established 1912. -

-Head~OMce: Hong÷Hong."

Pull-Up Capitals Basera Fund man and a

BRANCHER

B005,800

Bangkok, Kew York und Bus Transino,

CORALIPONDENTS

LONDON BANKERS -

in all principal cities of the World

oney Emeripikan semanakala, Mont

Bala Deposit Borm (variom "dan)' st a panely coal of trom‚§5 to $16.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF TAIWAN, LTD.

· (TAIWAN - GINKO,)

HEAD OFFICE:--Talpet, Formoss,

40,000 tons à month. It was greater The volume of credit should not

I

Most Prosperous Section.

In not 'one

them from buying manufactured be confined to bed.

People who are well enough to get than in 1922, 1923, 1924 or 1626. follow, but should move in advance goods, or even paying land taxes; about, and yet suffer from back pains consequently both the Provincial must seek the cause of their troubles The values ware $1,100,000 a of the volume of business.

and Central Governmenta are elsewhere. Aches and pains in the back are chiefly algas of a general Authorland Capital (H.K. Orney) $11,000,000 month, or 40 per cent. above.. the This country, and indeed most

The blood har run-down condition. 1,400,000gures for 1913. a.year of special of the world," it is added, "is threatened with bankruptcy.---

The Government of India can become thin and impoverished and prosperity to the industry. As auffering at the present time from On Singhal, Benton size, wholesale commodity, prices are a violent and obstinate attack of not meet its sterling liabilities.hance both the muscular and the nerv now below pre-war level, this is a mental depression. Only a fool Private traders are paralysed. A ons system are being starved. The considerable advance. Agricul would suggest that there is no further falling in prices threatens muscles of the back which hold up

tire. Also the spinal region tural machinery has been the justification for this feeling, yet, economic and political chaos. In the whole weight of the body soon. and the pains are hardest hit of the machinery. sec on the other hand, the conditions these circumstances dropping the great nerve centre

Women are more subject to back tion, and it experienced a decline are in important respecte propitious rupes to 18. 4d., very objectionable sure signs of weakening nerves. last year of 10 per cent, on the for substantial recovery of buelas it is in many ways, ie, in aches than men, this, of course, be ness in general if the extrames of opinion, the remedy that can be aping due to the heavy demands made 1929 figure.

despondency can be abandoned. plied most quickly and effectively upon a woman's bloodstream by Hem lab with, which blood impoverishment and The electrical section of the in- Events usually regarded as quite and with the least permanent nature Hence the greater frequency duetry has been the most prosper outside the economic aphere may damage.

"There is no special evil in the its consequent suffering is found

among women.

For both sexes there is nothing bet ous, Electrical machinery exports yet provide the initial stimulus to

the 18. 4d., rupes but altering the ter than a course of Dr. Williams' have risen steadily in the last ten a change of sentiment leading to 18. 6d, or any particular virtue in

ratio will raise prices in India and Pink Pile. This famous blood and years, and they are now one-and- an upward swing of business.” Incorporated by Special Imperiala-half times the volume of 1918.

so save the countryside from dis-nerve, tonic revitalizar the whole mus Charter, 1898.

BURMA'S OIL.

aster, and it is the countryside thatcular, nervous and functional system by creating plentiful supplies of rich, chiefly matters, and a new, life-giving blood." "Try Dr. Wil-

I know of no better way that lama Pink Pil and prove, as thou Company's Fine

can be relied upon to ease the pre-sands of others prove daily, their Record.

great health-restoring properties. Bent difficulty while the United Your chemist sells them. You will States is recovering her reason."; not be disappointed. Burma owes an incalculable debt, brindandong Long Megapowa Bombay, since 1922 (when replacement of very grudgingly acknowledged by in addition, the world-wide services by Galecte war-depreciated, rolling stock, was some of the ultra-nationalist of it thoroughly equipped Travel De- LODORANTARA

at its height), and ten per conf. politicians, to British capital and partment.

enterprise, (saya the, Financial higher than in 1918. The Beck has Our pond is all the getale As to profits, in 1980, 20 general Times in mall week). This no un- engineering Arma, which were biased spectator at the meeting of typical of the whole, Industry, the Burma Oll Company can showed net profita of $1,289,000, or deny. In the face of a balance- 4.7 per cent, on issued capital sheet which the Chairman rightly after allowing for debenture in described as the finest in the com- terest and depreciation. According pany's long and honourable his to the Economist, 82 representatory, the Board might have main- tive engineering and allled frms, tained the Ordinary dividend at 80 with a total share and loan capital cent. The course they prefer of 8184,000,000, owed net profits to take does credit & hothsto ion and patriotism. Al-

All classes of Commercial Banking

Transactions undertaken.

Personal investment handlad bok

accounts

The Company offer to intending

Travellers Las use of its "Travelers Cheques and Letters of Credit and,

afiliated with an nusan THE CHASE NATIONAL BANK Resources - Over $2,500,000,000

H. BENSON;.

General ManRTSC

THE BANK OF EAST ASIA, LTD.

HEAD

Des Voeux

British exports of these goods are now 26.6 per cent of the world's exports for this class of goods. In the locomotive section of the trade Emong the position is even more encourag- Wakong, Mana, Bakka, Kalake. Zalman, ing. In 1980 the volume of trade

B: Content Banie lorras, Tank-Hosen sisend "Average amodal infen, 41,80 BSNL KRANOHES ́AND AGENCIES ( "JAPAN pitokyo, Yokohama,, Taba, OMEL

· FORMOSA --Citran, 1 Kage21. Karenko,

Takao, Tom,

on near Amy Foooo, was higher than in any other year

Buslow, Cana

Landon,. Now, Tork, Dairen,

The London County: Walninale: and Fury Baik.

Connievalal Ceniaw -thrvoghoud - the; world..

SỐ CÓ CÔNG BRAIDE

YOU

RE INVITED TO INSPECT OUR = rising from

STOCK OF

ASIATIC FOREIGN AND

COLOR

GE ST

|£7,211,000 capital of these tura

1080, per cent firms fred

return

tion

has taken

for

K. FUJIYAMA

PHOTOGRAPHER

ANNOUNCES HIS REMOVAL

WYNDHAM STRE