1931-07-24 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Caplial motusiasmin $44,000,000 Keaved and Pally Pull-up teen, 130,000,000 "Bagarre_Panda im

£ 8,500,000

Maling

van

THE $2,000,000

Beserva Lalidity of Proprietor. $76,000,000 HEAD, OFFICE: HONG KONG.

BOARD OF DIRPOTOKA:

„Hos. Mr. 0, 0, H. Krokia, Chalan.

Hon. Mr. J. J. Falimon, Deputy Chairman.

Wa M. 4. H. Ball, T. E. Pearce,

a. a. Compton, Esq. . . Flummet,

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

Agencies and Branches:

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE: SINGAPORE Hong Kong Branch: 13, Queen's Rd. C. Authorized Capital Straite $20,000,000 Issued Capital

.£8,000,000

8,000,000

44,000,000

Pald-up. Capital

M

4,000,000

Reserve Liability of Pro-

prietors

Reserve Liabilities

£3,000,000

of Sharoholdern... Surplus *****

4,000,000

2,087,000

ALOR STAB

KUALA LUMPUR

(Halay Slates)

KUCHIZO

AMRITSAR

BATAVIA

DOMBAY

g.

DALCUTTA

Luader, Zawie, Beq, T. 1. B. Shár, M.

0. kim l

J. P. Warren, In

Oklat Mu

N. M. Grayburn, Kaq.

DRANCHES

LONDON

LINH

MALACOA

HANG HÒA

DATAVIA

BOMBAY

MANILA

MUAB (Joko

MURDER

NEW YORK

PRIPING

CALCUTTA

DANTON

ONEPOO

COLOKNO

ВАЗНЫМ

rocHow

HAIPHONG

KAMBURG HANKOT!

·RABBIN

MONDEEW

ILOILO

1РОП

JOWOBE

KOUK

NOW LOUN

KUALA LUMPUR

PENANG

RANJOON

BAIGON

SAN FRANCISO

SMANDIT

BINGAPORE

BOFIBABAYA

BUNGEI PATANI

TIENTBIN

TOKYO

THINOTAD

TORONAMA“

Current Accounts Upened in laval Ourzaczy

· Fixed Deposita recairn for rua yak or marker perlode in Local Currency and Verilo un berta which will be quoted on sppilosilo.

Linng Kong 28th February 1923.

HONG KONG SAVINGS BANK.

The Business of the alors Bank is conduct ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Rules may be

btained on application.

FOR THE HONDKOND AND REANGHAI BANKING CORPORATION.

V.M. OBAYBURY,

Hong Kong, 16lk July, 1580.

Chief Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

$6, Boulevard Hauesmann, Parts.

Bangkok

Battambang fue Cathe Canton

Subscribed Capital Frs. 72,000,000.00 Fald-Up Capital...Frs. 68,400,000,00 Reserve Funds ....Frs.102,000,000.00 BRANCHES: Ilong Hong Quinhen

Salzon Mengtzo Shanghai Nam-Dini Singapore

Thanba

Tientsin Touranc Peking Pnom Penh Vis Pondichery Yunnanfu BANKERS:

Djibouti Numea Fort-Bayard Papeste

Halphong

Hadkow

Hanoi

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

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

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

BANDKOK

DANTON

CAWNPORE

CEBU

COLOKNO DAIRER (Datay

Bouth Housle

DELOI

HAIPHONG

RAMBURG

HANKOW

HARTIN

[N. Manchorie)

TĂNG LONG

110110

ΤΟΠ

KARACHI

KLANO

HODE

KUALA KANGSAR

(Perak F.M.B.)

- MADILAH

MANILA

MEDAN *EW YORK

YEKING

PENANG

BANUOON

SAIGON

·ANMARANG

BEREMBAN

SHANGHAI

HINDI PORK

* SETIAWAN

HOURABAYA

TAIPING (F.M.8.)

TAVOY

TIENT BIN

TURYO

TRINOTAO

YOKOHAMA

TONGHAH (Dbuka)

(FLUippine Tolanda)

General

ZAMDO&KUA

Foreign Exchange and

Banking business transacted.

Current Accounts opened and Fix- el Deposits received for 1 year or which will shorter periods at rates

be quoted on application.

J. STUART,

Acting Manager.

Hong Kong, 28th May, 1931.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 65, Wall Street, New York.

Capital, Surplus and

Undivided Profits.U.S.$226,037,392

Branches in

ARGENTINE

BELGIUM

BRAZIL

CHILE CHINA

COLOMBIA

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO

MINICAN

STRAITS

REPUBLIC

URUGUAY

INDIA ITALY JAPAN

SETTLEMENTS

VENEZUELA

Commercial and Travellers' Lettera of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers Current accounts bought and old.

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 Cus tomers the services of the Branches

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

HONG

Commerce and Finance

KONG TRADE IMPROVING

Imports and Exports Both Higher.

LAST QUARTER'S OFFICIAL FIGURES.

FRIDAY, JULY 24, 1931.

for June, 1989, in brackets are ROYAL DUTCH OIL.

given below-

Animals, Building

Material Chemicals

& Drugs Chinese

Mediomes

Dyeing

Materials

Import's Exports

1,277,215

46,780

(032,989) C 81,770)

1,450,801 021,710

946,628) ( 209,800)

823,605, 644,125

{

488,000)( 187,081) 2,561,229 1,543,717

(1,194,834) (1,357,824)

A Notable Survey

World Conditions.

The annual report of the direc 983,702

600,306 tors of the Royal Dutch Petroleum 588,200) ( 328,303) Company 18, a usual, a most il- Foodstuffs... 20.370,481 17,554,945 luminating document.

(12,961,960) (13,160,818) ¡Fuels

1,170,889 260,937 more than what an annual report

Hardware

Liquor

& Engines

It is for

723,887) ( 86,221) need necessarily be, and in this 300,371 244,000 respect it stands alone; it is a (338,877) 260,301) serious world survey of the petro-

121,524

407,557

961,274

307,765) (128,400) leum industry, and as such appeals 185,001 to the careful thought of an in (265,162) (00,830) ternational circle far wider than 2,930,042 2,837,700 that directly interested in the com- ₫2,084,583) ( 1,476,700) Minerals.

48,438) ( & Ores...

The Statistical Branch of the Imports and Exports Department Machinery reports that imports of merchandise into the Colony during the Metals Manager. June Quarter of 1931 amounted to a value of $180.2 millions, an increase of $48.9 millions as compared with the corresponding period of 1930, and $40.8 millions more than in the second Quarter of 1925. Nuts &

Exports were declared to a value of $132.5 millions, represent-Oils & ing an increase of $26.7 millions as compared with the correspond- Paints Ing quarter of 1930, and an increase of $5.5 millions as compared Piece Goods with 1925.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

ANETHERLANDS TRADING BOKIETN

BANKERS

Established 1894.

Hong Kong Offos :~li, Qusso's Road Central.

Authorised Capital

Paid-up Captial

Leserve and

Cullars 10,000,000. $219,200,000.)

i Guličar 60,580,00% (20,589,176)

Quilders 40.010.000

Imports.

Scuds

Fats

341,711 94,728 pany itself as shareholders.

48,007) It covers a period of depression 891,102 440,945 the like of which the oil industry 510,727) (_987,510) of the world has never seen and 2,242,855 3,113,554

its compilers analyse the situation 2,325,850) (2,313,718)

202,372

ns, it is to-day, how it has been 339,792 (168,345) (140,592) brought about, and the efforts that 7,607,025 5,609,869 should be made in order to bring (4,232,613) (4,265,830) into being a general improvement.

Railway

Materiala Tobacca

(

{

The following table shows the dollar und sterling values of im- Merchandise $67,376,770 ($38,682,830) ports and exports during the June Treasure $ 8,008,488 (8 7,503,803) Treasure ...

Total.....$60,285,258 ($46,176,633)

¡Vehicles Exports. Quarters of the years 1924, 1925, 1930 and 1931 the sterling figures Merchandise 543,855,817 ($32,143,275) Wearing being calculated at the average Treasure....$14,750,630 ($10,380,194)

Apparel... those Total $68,612,447 ($42,532,460) Sundries:- for of exchange rates

Fluctuations in Trade,

Bags periods (000's omitted) —

Since June of last year imports of merchandise have fluctuated Electrical

Apparatus ( -from-the-lowest-doliar_value_(38.62,

ices 180,198 millions) in that month to the

8.728 highest (71.8 millions) in March, Leather

1931, while expórts fluctuated from (all kinda) ..185,525 127,070 105,960 132,530 $32.1 millions to $54.4 millions in Paper

7,067

Dead Office:-AMSTERDAM' Easier Head Often's-DATAVIA. - BRANCHES - Bandfursonain,· Beadowag", Dombay.

Calcula, Cheriben, Djambar, Djs Jakarta The Hague, Jadda, obs. Kota-lladja, Minkkiske, Malan, Palang

• PRESSE, Palembang Pakalongan, Pontianak, Bangoon, Bollarda m2. Samarane", Baoghal,Bibolg (Bumalta) Blagepore, Acursbars, Boomkarta (Bole), Tapuk, Tjilming and Waltersedan.

• Those oflows hate sale deposit bazza is lat. Indon Bankers-National Provincial Bank Lid. Correspondents all over the world Banking business of every description tranmistad,

A. STORKINE,

King Kong. 18th August, 1989."

Manager.

THE BANK OF CHINA. 行銀國中

1

Imports.

1924, 1925.

1930.

1931

.151,700 130,959 131.293 17.083 14,481 8,753

Exports.

15,238 14,119

6.420

of ex-Manures

Exports Others $32.148.275

Total

36,843 87,1 As to the present world oli crisis.

2317) ( 219)

1,288,490 773,813 It is pointed out that this is not 941,170) 681,613) due to over-production, but under- 8,908,498 14,756,630 consumption, for the production of 7,593,803) (10,389,194) crude oil last year was material-

302,244 247,280 142,2939), (

52,488) ly under that for the preceding 12 315,508 1,020,900 months, the decline being approx. 357,602) (624,787)imately 11,000,000 metric tons, or about 5.3 per cent. In regard to 380,727 513,553 565,413) (527,225) the slowing down of demand, the 097,657 499,872 report points out that there are 404,760) ( 278,248) two major causes for it; the first 278,566

325,878 was Russin, and the second the 149,007) (307,208) sliver problem.

(

557,001

193,330

( 489,107) ( 113,318)

1,470,197

1,110,223

As to over-production, thanks to the polley of conservation which (144,271) (611,278) has been adopted by the Ameri.

287,331 291,457

347,838) (

355,508)

can' oil producers, the daily aver 2,064,354 1,419,785 age production of crude oil in the (2,002,032) (1,662,548). United States' fall from 2,572,000

4,915,040

3,578,469

The values of imports from and the same periods. The figures are Matches exports to certain, of the chief given below with the sterling equi countries trading with Hong Kong valents, at average rates

change, in brackets:-

Imports June ..... $38,582,830

(3,010,122) (2,450,043) barrels in January, 1930, to 68,012,447 2,161,000 barrels at the end of the ... 66,285,258 (£ 2,481,522) (£ 2,025,696)

(40,178,633) (42,532,489) year, while crude', oil stocks also July ... $50,867 877 $31,305,347

Comparison of Quantities. (€ 1,193,054) (£ 2,158,667)

materially declined, and there is August $49,133,181 $40,189,196 The following comparative table no reason therefore for any feel- (£3,185,080) (£2,002,770) shows the quantities of certain of ing of panic in regard to over-

$30.207,052 the chief commodities, imported production in America. September. $58,772,414

(£8,710,005) (£2,562,792) into Hong Kong during the month

$53,108,170

are given in the table hereunder It should for the same periods. be noted that in 1924 and 1925 no statistics of the import trade from the South China area were compil. ed; this, trade can be roughly ea Reorganised October 26, 1928, under timated at $20 millions in the June

special charter of The National Gov-quarters of each of these years. ernment as an

INTERNATIONAL EXCHANGE

Imports. 1024. 1025, United Kingdom: BANK.

9,870 10,670 16,310 December 16,340 $ Subscribed. Capital ....$25,000,000.00

1,841 1,097 712 700 Paid-up Capital $24,710,200.00 British Dominions, etc.

January Reserve Funds ...$ 8,820,503.82

S... 17,246 12,790 11,006 13,033 1,421 £ 1,942

531 734

February China

... 38,650 19,028 34,141 45,365 March

2.100

2,114 2,276 2,107 Japan:-

April $... 23.177 18,300 14,889 19,242

2,610 2,034 928 932 MAY Netherlands East Indies:

9,163 11,451 13,707 June ...... 9,874 1,112 1,017 763 06.1

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCE:

4, Queen's Road Central,

$...

Owing to our numerous branches In China and large connections in the im- the world, we are able to extend to our Indo-China:-

$... clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds Siam:- and other Public Funds of the Chin- ese Government both at home and

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

F. Med. COURTNEY,

Hong Kong, June 16, 1931.

THE

Manager.

AMERICAN EXPRESS COMPANY, INC.'

Head Ofco: 65, Broadway,'

New York.

Manager.

Hong Kong, lat May, 1981.

Capital Surplus Reserven

.U.S.$0,000,000 UL.S.$1,672,454 U.S.$1,908,209

BRANCHES-

جمالا

'Amsterdam

Antwerp

Gen Glasgow HATIN

Hamburg

Piriaus Per's

Гель

How Day

Brems

Interlaken Jerusalem Kilda

Brussels

Bueno Airer

Cairo

Cranes Colombo

Lendan Liverpool Laverne

Lugano Lexor

Lotterdam Bous Flamboul Ekangkat Kockhampton *** Singapore

Copelantinopla

Marmillne Monte Carlo

Tinstala

Maule

Viacs

Munich

abroad.

THE BANK OF CANTON, LTD. Total All Countries

Established 1012.

Head Office: Hong Kong.

Aukmized Capțial (H.X. Ostency} $11,000,000 Pald-Up Capital

1,888,000 Bares Fond

1,100,000

$46,594,831

(£3,433,778) (£3,009,249) of June, 1930 and 1931-

Powder Soda Ash

5,050,427

{ 9,696,050) (

375,910

( 221,938)

684,230 (950,240) (

198,874

( 317,700) (

28,220.

427,000 Fresh Fish.

151,570 Poultry...Head 216,553)Bacon & Ham

......40,549):(.......108,883) Onions....

This policy of restriction in out-- put was not confined to America, but was adopted by all other coun- tries, with the one exception of 5,303 Russia, though it was baly tempor- 27,340 arily adopted by some. In this connection Roumania is dealt with at length, and the Steaua Romana 96,051 3,373,271

is blamed for having been respon- 230,200 941,500 sible for the termination of the 1,355 restriction agreement after it had 821.405 been in force for only a few moaths. Thie, board of the Royal 3,620

626 Dutch did its best to prevent such

a catastrophe and urged that if 1,679 the conservation. agreement was 10,090 not giving satisfaction, conditions

should not be made more difficult. 4,233 1,008 by first bringing it to an end, but 20,982 notwithstanding its advice the 2.232 Steaua Romana kept to its deci

sion and the agreement

201 minated.

was ter.

followed an, immediate

67,428 over-production, and the crude oil

1330. 1031.

October

November

(3,516,167) (2.034,153)

$55,110,372 $42,080,903

June, Jone,

1930.

1031.

(2

359,110,100 $46,078.216)

$48,509,929Animals, Liveau

(£ 3,386,520) (* 2,779,216) Cattle.....Hend $59,500,025 $47,976,829.

4,102 24,520

U.S.A.:

SHOW J. CHEN,

Manager. Hong Kong, 5th March, 1931.

Germany:

(£ 2,749,304) (£ 2,101,425) Bleaching Mean rate of exchange for Jure, 25,011 21,180 16,733 17,979 1931, H.K. $= 1142.

2,820 2,585 1,019 871 15.286 20,347 13.398 14,730 1,721 2,201 893 713 0,224 7,282 15.168 13,102

734 1,020 485 1.599

3,579

1,842. 5,686 9,949 403 205 379 482

.... $71,773,140 $54,434,250 Cement....Picula

(£ 8,532,684) (£2,679,186) Glass.... .Sq. ft.

$64,701,689 $40.080,794 Lime (£3,167,682) (£ 2,258,688) Timber

$58,117,246 $42,640,084 Chemicals & Druga

.Piculs (€ 2,799,019) ( 2,054,700) Acids

$57,976,770 $43,855,817 Allum

(2.931,913) (£2,361,212) Building Materials:-

$55,592,110 $37,721,867 Bricks & Tiles (£2,562,463) (£ 1,738,742)

Pieces

Pícula

174,304 888,935 188 Cub. ft. - 270,767

507 1,071

648

Imports

Values by Countries.

Dyeing & Tanning Materials Betelauts.. The total values of imports and Cutch exports of merchandise are shown

Gambler below by countries, the Agures for

Mangrove June, 1980, being given in

Bark ... brackets:-

Sapan Wood Exports Foodstuffs-

3,360

ນ

(Art.)

872 840 22.377 870

5,960

5,048

2,840

Then

་སྙ་ Beans

U. Kingdom.

$ ...161,700 130,359 131,298 180,196 | Australis

8,753 £17.083 14,484

Exports.

Burma 1924. 1925. 1030. 1931. United Kingdom:-

Canada 785 1,228

1.280 1,627 $

139 181 52

62 Ceylon British Dominions, etc.

11,839 10,863 12,682 14,988 E. Africa

1,207 645 725 1,275 Chinn:-

... 85,607 75.196 60,389 73,542

5,040

8,365 4,026

205,730) Shark Fins

22

115,169. 6,793 1,078

12,080

1,703

Joutput of the country rose from

8,728

95,504 Flour

237,066)

Wheat.

132,065

Iba. 146,842) Rice.......Picula

99,314 Sugar

39,720

28,714 Potatoes...

11,276

49,250) (

Egypt

3,562 India'

3,004

12,148) Vegetables, Fresh

&Dried 26,050

84,271

12,710) (

18,475) Ginger (Fresh)" 1,188,641 673,526

1,440

{

|Japan~~~

$ ...

7.531 12,350

4,323

5,850 New Zealand

40,944

£

859

1,372

322

283

Indo-China:

N. Borneo

Chief Manager.

9,227 B16

7,722

Slam:-

0.213 5,601

641 600

6,039 370

6,130 Straits

297

8,999

1,131,820 (1,078,215) (2,739,335) Tin Slabs

68,489

86,791

2,240

0,610..

GA

1,735

薅

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

Philippines:-

W. Africa ..

3,980 Tin Plates

24,847

$ ...

U.S.A.

. ་ *,

8,507 2,752

405

2,080 130 BOG

2,745

870) Nuts & Seeds

pointed out 0,710 for.

movement 4,270 recently, 12,080 foot for the re-establishment of

Was

le

on

133 W. Indles

13,182

6,713 Groundnuts

29,071

BUD) {

12,813) Melon Seeds

4,402

HEAD OFFICE:-Taipeh, Formota.

|

2,909

8,715 | Br. Em. Other

...

.184

-180

Belgium

622

$... $...

2,182 2,188

Import Percentages, m

4,385 4,797

384,211 Pepper 404 633 £...

200,380) Scasamum

4472 Other Seeds S. America:

343 1,242 1,784

(805,400) (44,380) Oils & Fats 25 China, N. 198. 23 140.

0,149,748 4,504,839 Petrol.....Gallons Netherlands East Indies:-

(6,979,026) (8,605,609) Korosene .. 3,800 China, M.... 1,178,688 2,328

8,681,025 Lord .Picule 243 155

169

(871,167) (2,008,811) Paraffin Wax China, S. 6,283,778 16,520,582, Coconut Oil "

(3,812,028) (0,227,085) Linseed Oll

43,908 Peanut Oil Cuba

480) ( 35,009) Wood Oil C. America

2.873 241,070 Piece Goods-

198,088) Cottons

51,086

702

43,852)(

11

3,102

1,076,658

2,794

2,707

881,162 2,158,500 1,622 14,689

1,044

482

12.700

.

11

ĭ

11

..Pieces

8,517

124,418

1,847

Yards

(7,074) (1)

Suitinge

211,001

BAAKOHES-

Caniço, Shanghai,

DORRESPONDENTS

Hankow, Swalew, Bangkok, New York and Bac Framolioo

LONDON BANTERS |--

The Lloyd's Bank, Limited

In all principal cities of the World.

Zorsign, exotisngs and banking businom et vary description acted.

Baia Deposit Boxes (various alas) si a pouzly „nental of from N to 349,

· LOOK POONG SHAN,

$ 11,030 11,220 1,247 1,312

374 S. Africa ...

548,488) ( 518,050) Fuels:-

12,950

15,487) ( 399,250 (249,795)

) (

19,47 Coal....Tons.

37,774) Firewood ..Piculs 187,666 Metals;--

129,609) Iron & Steel

139,830

Bars.... 60,012) Lead Pig..

8,000.500 Wire Nails

49,242 61,130

388,000 tons In October to 804,000 75,287 89,209 tons in January last, with striking 340,988 351,164 falls in the export market prices. "There was" no company," con- 474,146 1,418,430 tinues the report, "to which advan- 147,089 254,581 tage it (the agreement) worked so 9,621_11,087 little as the Astra Romana (Royal. 18,392 Dutch), yet we consider there was

79,780

no justification whatsoever for any of the Roumanian companies to 2,146 endanger not only the Roumanian oil Industry, but the economic life 55,478 of Roumania, by giving notice to 82,417 164,692

terminate the agreement."

There is, however, one bright

1,050 spot on the Roumanian horizon,

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

Head Ofico:-YOKOHAMA,

Branches and Agencies at:

Alexandria

Hatayla

Berlín

Bombay

Laicntia

Canton

Changchun

Dairen (Palny)

Nagasak! Nagoya Newchwang New York Osaka

Paris

Pelping Rangoon

FengtionMakdon) Rio de Janeiro

Hamburg

Fankow

Harbin

Hong Kong Honolulu.

Kat Yuen

Karachi

Kobe

London

Los Angeles

-Manila

San Francisco · Seattle Semarang

Shangbai Salmonoioli Singapore Boerabaya

rentain

Tokyo Taingiau Interest allowed on Current Ac counts

Deposits received for fixed parlods at rates to be obtained on application.

H. MORI

Manzger.

Hong Kong, 16th July, 1931.

Beale Berlia Marrie

Hontrax MRaa

Copenhag Edinburgh

Verion #oceno

Yokokaran Surich GSDATS

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

All classes of Commercial Banking Transactions undertaken.

investment

Personal handled.

Incorporated by Special Imperial Charter, 1899,

Central Bank la Formone, Bank-Motoc tuned Äriesgo smoesi „Ian, £3,000,000 BRANCHES AND AGENCIES]

242

accounts | JAPAN:--Toiga, Yokohama, Hobs, Ossia.

JORN084 Gram, Lagi Karenko, Esslang,

Kikong Nazis, Ehinchlin, Talche, Talnas, Total All Countries— Takao, Trent, Tos, Bajío, Talto.",

8...185,325 127,070 105.800 182,536 6,420 2. 15,238 14,119 7,067

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.

Afiliated with

CHINA-Ban Hankow, Amoy, Fochow,

Swalow, Canton. OTHERS-Hong Kong, Sagapore Bourabays,

Semarang, Batarlay – Bombay, Landen; - Haw, York, Paso...

LONDON BANKERS:

Calcutta,

The major portion of the import Denmark.

The London Conaly Walmaster and Parr's Bank trade was shared by ten countries.

In the following table the percent France

The Back has Correspondente in all the pages given are those for the last

Commercial Cenines throughout the "world.

THE CHASE NATIONAL BANK HONG KONG FRAMON†

Resources

Oper $2,500,000,000

C. II. BENSON,

General Manager.

three quarters of 1980, and the 1st Indo-China

Germany and 2nd quarters of 1981.

Holland

82,118 Union Cloths

304,179) ( 4,051) Silk Pieco

5,796,530 2,621,530 Goods...Picula

(2,420,202) (2,350,811) Art. Silk

3,802,144 88,629

·L.. MAGUNA,

3. Der Vores Bond Center Hong Kong: Lik, January, 1990.

Chinn

1030 1st Qr. 2nd Qr.

1931 1931 28.8 26.5* 20.2 12.3 Japan

10.7 Italy Netherlands E.1. 10.2

Yarn (2,607,207) (120,334) Sundries:-

874,207

41,005 Gunnies (220,908) (27,200) Hides

Pieces

*Piculo

9.4. 10.2

-370,801

7.6

United Kingdom 9.4.

14.8

9.1 Japan

108,805)( 4,802)

4,197 Leather (Sole)

4,459

0,468,705 -2,005,234 Mats (Other)

U.S.A.

-7.4

B.4.

(4,488,002) (1,762,143)

Bales.

18,246

Indo-Ching Sinm

0:0

10.0

K. C., Wan

705,757 1,659,851 Paper (Chiness})

*5.7

8.2

*884,203) (-1,282,042)

Picul

5,901

*8,376

Germany Straits India...

4.6

6.5

Macao

860,914 2,030,004

Common Soap

2.3.

1.9

C401,604) (1,302,680)

1,101

+1.6

1.7

Norway

|

N.E, Indies

Philippines"

26,421-441 162,787)( 284)

THE BANK OF EAST ASIA, LTD.

Fatablished 1918.

HEAD OFFICE

10, Des Voeux Road, Central,

HONG KONG

отет Н

of Banking and Brel

Atco

YOU

ARE INVITED TO INSPECT OUR STOCK OF ASIATIC: FOREIGN AND COLONIAL

POSTAGE STAMPS

IN SETS SINGLE PACKETS;

· ́ ́BAGS AND IN AFPROVAL

SHEETS.

GRACA & CO

ralurg

Phila

June Figur

Slam

101,001

2,215

the restriction agreement, which 41,350

1480 must meet with the support of the 547 majority of the operating com 8,519 | panica.

Turning to Russia, the report 211,084 points out that the Soviets are 309,707 holding aloof from the policy of 1,999 oil restriction, and 160,000,000 1843

2,584 People have been forced into the 478 Bervice of the country's five-year

19,081 plan.

As a consequence those 4,700 100,000,000 Russians had practical- 94.581 ly disappeared from the market as 8,786,676 8,083,857 oil consumers, and this has given 4,487 place to the dumping of large 3,8792408 quantities of all sorts of "commo- dities in foreign markets. "It is 488

an incontestible truth" (continues 24,288 46,994 the report) "that if the population of Russia could itself obtain the 1,002,321 708,521 petroleum products at the same.

5,088

1,483

6,207

low price for, which the Soviet 4890 Government is selling them abroad,

there would be practically no ex-, -20,144 | port", "of these products at all.

And yet the world le allowing it-

self to be impressed by the Soviet 2,158 plan of making out of Russia an Industrial country of first import- ance, and at the same time con- 2,577 009 1,078,880 A now Canadian woollen mill, alderably increasing its petroleum. *(-3,221,846)(-985,644)

253,4181,000,185 which will turn out yarn exclusive exports. The manifest contradic- 122,942) 760,880) Ly, is now being erected in York tion of this plan, which is bound 4,421,884 2,038,644 Township, near Toronto, for Patons to go to wreck, seems, so far to (2,040,180) (1,008,234 and Baldwin, Ltd., large woollen have escaped notice, but regarded 11,000 44,8BZ manufacturers, of Hailfax, York from a political point of view, the.

(8) (180,161)

29,227 shire, Britain. The first units of Soviet plans are none the less dan

(2,661 the now mill will cost in the neighgerous.

The total value of the imports of merchandise during June amounted to 867 millions, a de crease of $1 million as compared with the preceding month, and an America increase of $18 millions as com

Sweden pared th June of last year.

Exports were valued at $44 mil

Switzerland: ncrease

lilon, as

ap Spain

USA

theri

R8 Compar year 20

bourhood of $700,000 and are ex 3278pected to be ready for operation In

The Industry will give Building operations in Fort. Wil

to from 400 to 500 flam this year continue on a more contemplated exten- extended scale than last year, the rtaken at record for the first ave monthe ably double bain $188,750 as compared with and entail a #1d48,650 for the similar period of