1931-07-29 — Page 2

BANKS

HONG KONG AND. SHANGHAI BANKING CORPORATION.

Authored Cephal

isteed 203 Pully Paid-up

Beterre Funds 1—

主喾排

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.. incorporated by Royal Charter, 1855.

THE CHINA

THE HO HONG BANK, LTD.

(Established 1917.3

HBAD OFFICE: SINGAPORE Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000 Issued Capital... Paid-up Capital Reserve Liabilities

Sterling W

& 6,600,350

HEAD OFFICE: LONDON. Paid-up Capital

$10,000,00

Reserve Fund

Here I

af Proprietors. $21,000,000

£3,000,000 ....£4,000,000 Reserve Liability of Pro-

prietors

.£3,000,000

agencica and Branches:

of Shareholders. Surplus

KUALA LUMPUR

(Malay Bates ·

KOCHANG

MADDAB

MANILA

ASDAN

NEW YORK

PEKING

PENANG

HZAD „SPICE, BONG KONG,

BOARD OF DIRECTORE Tes. Mr. . . . Muckle, Chairman,

Hon. Mr. 2. J. Paterson, Deputy ChairND.

HAME 5. . Bell, 7. E. Poiros, Eq a. Omplenz, Eng. J.. A. Plummer, Eag.

M. Landsr Lewis, Esq. T. 21. K. Akaw, Fit.

1. Р. Настец, Коф Miskin, Esq.

Chlef Manger,

.y. M. Graybar. Lu

BRANCHES:-

LONDON

ALDI STAR

AMRITEAD

BANGKOK

BATAVIA

DOMBAY CALCUTTA CANTON .CAWSTORE

CKBO

COLOMBO

DAYDEN (Dalby

Bouth Manchuriaj

КАТРЛОКА

HANKOW

(N. ManchuriaĮ

HỒNG KONG

ΑΜΟΥ

BANGKOK.

LYONE

BATAVIA

MALACOA

BOMBAY

MANILA

DALCUTTA

MUAR (Jokors)

CANTON

MURDEN

CEKYOU

NEW YORK

COLUME

PEIPING

DAIREX

PENAND

KANDUON

SAIGON

HASPRONG

VARBUM

LIANKOW

HARDIN

HANGEEW

KLOILO

LPON

JOKOBE

KOLE

KOWLOON

KUALA LUSPUR

SAN FRANCISC

SLANOWA

SINGAPURE

BURABAYA

BUNOEI PATAM,

TIENTSIN

TOKYO

TSINGTAO

TOHOLAMA

་

Ürent couple opened in Lossi Gurrency

ex Fizad Depoalta cited for one year or shorter pads in Los Carretoy and selis.g

erm which wiú, be yoated

applicatic.

mo de

Hong Kong, 28th February, 1981.

HONG KONG SAVINGS BANK.

The Burs of the ebers Each is conduc

by the HONG KONG AND SHANGHAI BANKING CORPORATION. Bul way, be obtained on application.

FOR THE HORUKOSO AND SHANGHAI BANKING CORPORATION,

V.M. GRAYBURN,

Bong Rony, 18th July, 1930.

Chief Manager,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Paris.

Subscribed Capital .Fra. 72,000,000.00 Pald-Up Capital...Frs. 68,400,000.00 Reserve Funda Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhos.

Saigon Battambang Ilve

Shanghai.. Cantho Mengize Canton

Nama-Dinh Singapore Djibouti Numer Thanh

Fort-Bayard Papecto Tientsin Haiphong

Peking

Teúrane

Flankow Pnom Penh Vĩnh

Pondichery Yuznanfa BANKERS:

Hanoi

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

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

Cou

IN NEW YORK: J. P. Morgan &

French American Banking Cor poration; Guaranty Trust Co. of Now York.

Intersat allowed on Current Ac- counts and Fixed Depaalts according to arringements.

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

A. BONNAUD,

THE YOKOHAMA SPECIE BANK,

LIMITED.

DELHI

ITAMBORO

BARDIN

ILOILO

טודוז

KARACHI

KLANG

KOBP.

KUALA KANGSAR

(Perak F.M.8.)

KANGOON

BAIGON

BEKALANO

SEARMHAN

SHANGHAI

BINGAPORE

BITIAWAN

BOURABAYA

TAIPING P.M.8.3

TAVOT

TIGNISIN

TOKYO

TONGKAN (Bhaket)

THINGTAO

YOKOHAMA

ZAMBOANDA

(Philippies Telands)

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: 65, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.$220,037,392

Branches in

ARGENTINE

BELGIUM

BRAZIL CHILE

MEXICO

PHILIPPINE

LONDON

PANAMA

PERU

PORTO RICO

DOMINICAN

REPUBLIC

CHINA

COLOMBIA

CUBA

INDIA

ITALY

JAPAN

ISLANDS

STRAITS

SETTLEMENTS URUGUAY

VANEZUELA ·

Commercial and Travellera'. Letters of Credit, Travallors' Cheques, Bills of Exchange and Cable Transfars Currant accounts bought and sold. and Savings Bank accounts opened and Fixed Deposits in local and for- at rates that eign currencies taken

may be ascertalued on application to the Bank.

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

F. McD. COURTNEY,

Hong Kong, June 16, 1931,

and Nico.

THE

Manager.

AMERICAN EXPRESS COMPANY,

ING.

Head-Ofice:-65,--Broadway,

Arastardlow kalwers

New York.

Manager.

Hong Kong, 1st May, 1931.

Capital Sorplus Reservas

.U.S.$6,000,000 U.9.$1,572,464 0,9,$1,908,209

BRANCHES:-

Bala

? Media

Siperia

Bombay

Hier

Drussla

Glasgow HAYAR Bambus Jars Talottaker Jerusalem Lião London

Nos Haplos

Piren

Paris Penan

Feking Faleroso Bollerdam Tiema

Lance Alter"

Bambol

Calpe Calella Canne Colombo

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund...Yen 116,000,000

Head Oflice-YOKOHAMA,

Branches and Agencies att

Alexandris

Batavia

Berlin

Bombay

Calcutta

Canton

Changchun

Dairen (Dalny)

Nagasaki Nagoya

New York

Newchwang

Osaka

Paria

Pelping Rangoon

Fengten (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Kai Yuen

Karachi

Kabe

San Francisco Seattle

Semarang

Shangki

Singapore Sorrabaya

Sydney Tientsin Tokyo Tsingtan

London Los Angelca MADIA

Intercat allowed on Current CO.

Deposits received for Exed periods at raton to be obtained on application.

H. MONI

Manager.

Hong Kong, 18th July, 1881.

Constantinople

Copenhagen Edinburgh POTGIES

Etterpool

Lucarpe Lugina

Marsalios Moore Carlo

Handis

Munich

Moaires Mileti

Shanghal Bouthampto

thingspor

Et. Morita

Tientsin

Finan Trice Takahams Karlah

Bus t

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

8,000,000

MAIL.

Commerce and Finance

CHINESE ESTATES.

4,000,000 Activities of the Year

Reviewed,

**

4,000,000 2,087,000

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager.

NET PROFIT $130,864.

WOOL CONFERENCE.

Proposals to Regulate Selling.

WEDNESDAY, JULY

basis of sd. per lb. greasy for the whole Australian clip. It is to be! appraised on the basis of 8d. per ib., and an advance is to be made to the grower on the basis of 8d. par lb. 14 days after appraisement. Adjustments, if any, on the "actual returns are to be made at the close of each wool year or season, when

the weal has been sold.

The surplus returns, if any, over the Sd. per 1. advance are to be allocated on the following basis:- 82 per cent. to the woolgrowers,

towards creation of 10 per cent. Melbourne, June 23.

capital for the association, 5 por The Imperial: Wool Conference cent. for stabilisation or insurance the premium, and 2% per cent. for re- to-day passed a resolution to effect that the public; auction was search fund. When a capital: of, Prosiding at the eighth ordinary the best system of selling wool. say, £10,000,000, has, accumulated, annual meeting of the Chinese Only one, an East African delegate, the percentage deduction for.build- Estates, Ltd., held at China Build-opposed the resolution in spite ofing up capital could be eliminated South or reduced, and only sufficient de- Ings yesterday, Mr. Li Yau-taun the fact that another, a

African elegate, introduced the duction made to maintain capital

for the 'Australian unit' (chairman) reviewed the activities

motion.

It was resolved that ever-produc- Empird scheme at that figure. A during the year in a speech de- livered in Chinese, a translation of tion was not responsible for the similar policy is to be observed re- The speakers garding the stabilisation or insur which followa. Directors present present low prices.

the wool- Millions of surplus payment to were the Hon. Dr. R. H. Kotewall, contended that other industries ance fund. In turn the percentage

over-producing.

be correspondingly C.M.G., LL.D., Messrs. Liang Shin-throughout the world wanted wool, growers is to

increased. The growers' interests, Quilders 150,000,000yi, Leung Kwai-tin, Fang Ping- and it was the growers' duty to Guiden 00,000 shan, Foo Yik-pang, Lau Tak-no, produce wool and to take it to those if any, in such capital and insur-

There was a keen debate on a re-, Li Yik-mui and Mr. Henry Lowcock

solution opposing the fixing of (Secretary).

prices. The Australian and South

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHEMANDS TRADING SOCIETY)

DANKERS.

Estabilahad 1994.

Hong Kong Officer-il, Queen's Road Cantral

Authorised Calla! Zaid-Up Capital

(13,600,000.)

(20.00.170)

(20,531,283,

Beserta Pond Lämmitamini Quilders: 40,013,000

Bad Oos-AMSTERDAM" Ristora Head OfSo01-DATAVIA, BRANCHER :- Bendjarmasin, Bandoang", Bombay,

Shareholders prosent were Calcula, Cheriton, Djembez, Dick Messrs. Li Sheung-ming. Li Fo. Kole-Hadia, Makstar, Medan, Padang kwai, Li Slu-yuen, Li Wo and

Jakuzia", The Hagua", Jeddah, Kobe,

Pelambang, Pekalongan, Panas

Peatsink, Bangoon Boilerdam Cheng Yuk.

Sarang*.

Shanghal,

Bibli

(Яumira), Singapore Bourable, Bourakarta (Solo), Tegal, Tišalap zoć Walianzaden ponik bore to be.

• Tane olcom have sala London Blankers :—National Provincial Bank Ltd. Cortsspondania all over the world Backing business of vary descripiloa transacted.

A. ATOXEINZ.

Higur

Hoog oog, 18th, kogust, 1080.

THE BANK OF CHINA. 行銀國中

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

ornment as an

BANK..

Subscribed Capital

CHAIRMAN'S SPEECH.

-

were

people.

of the

ance funds are to be lasued as bonds or certificates bearing a low rate of interest.

"Other members of the Empire

The Empire Wool Conference this afternoon. The concluded

29, 1931,

CLAREMONT:

PRIVATE HOTEL. Austin Road, Kowloon. (Facing the Kowloon Cricket Club. Four minutes from ferry by bus.) Suites of rooms (single and double), hot and cold water system, all modern aanitation, private bathrooms attached.

EXCLUSIVE TABLE entirely under 'European management.

Hotel has a splendid aspect in one of the finest locations 'in Kowloon, away from noise, yet easily accessible.

Terms very moderate. Reserva- tions by letter or cable,,

CLAREMONT

Tels.: 57389 & 57385 (Private). Telegraphic Add.: "Forn" H.K. Our motto is "SERVICE"

GET Frères

PIPPERMINT The

Queen

Creme & Menthe

An excellent digestin lokunnart j

The most refreshing

long drink when Laken with Soda

African supporters of the resolu- wool scheme are to form associa tion argued that the arbitrary fix- tions or units upon the same basis. ing of prices reacted against the Co-operation and co-ordination of the units forming the Empire Asso- producer, and the resolution was carried, when it was objected that clation are to be arranged on all the fixing of prices resembled a matters regarding realisation, or gigantle trust and could only be marketing of wood, such as weigh- Siring, display, sampling, recondition- Gentlemen, The Directors Re-enforced by legislative action.

the ing, scouring, dumping, storage, port and Statement of Account for John Higgins replied that the year ending February 28, 1991, stabilisation of prices and the fixing transport, finance, and exchange."

Melbourne, June 24. having been in your hands for the of prices were far apart.

Other resolutions carried were to prescribed period. I will, with your

AS read. the following effect:-Research and permission, take them The net profit for the year, after pablicity providing that each coun- committee which examined the five as Reserve for try be left to adopt its own methods. stabilisation plans, including, that providing $36,000 Depreciation on China Building. In addition to publishing estimates of Sir John Higgins, found faults $1,000 for Bad and Doubtful Debts. of each season's wool clip as soon as in cach, and all were rejected... Directors and Auditor's Fees and possible, details should also be A reciprocal arrangement was other expenses, is $130,864.90 given of merino and crossbred made between the Australian Wool- Council and the South Which, added to the balance of woods in the estimates. Manufac-growers" $395,059.97 brought forward from turers, particularly in. Bradford, African Wool Council for an inter- last account, amounts

to should be asked to supply the stocks change of complete and detailed re- INTERNATIONAL EXCHANGE

$525,924.87. The net profit for the held of wool and of unfinished ports of sales, export competition, Elimination of the draft prices, estimates of clips, demand, $25,000,000.00 year is $1.239.14 less than that for goods.

Lot-splitting at public and other information during the decided to publish ...$24,710,200.00 the previous year. This small dif- allowance.

$8,820,503.32 ference is accounted for by (1) a auctions was not in the industry's sales. It was

authoritative state- decrease of a little over $3,000 in best interest and should be discon detailed and Rent Receipts due to new office tinued. The existence of further ments of Australian sales. A re- buildings having been put up in markets, especially at Roubaix and solution was passed recognising the

condemned, the vicinity during the last two Antwerp,

also danger of inferior materials for the years, which made it necessary for strong opposition was shown to any branding and spraying of wool.

The conference accomplished your Directors to reduce rentals attempt to establish a futures mar-

much, especially in definitely estab Owing to our numerous branches in in certain cases in order to retain ket in Australia.

The conference discussed a reso- lishing closer. co-operation between China and large connections in the im- existing tenants, and (2) an extra-

lation "strongly recommending the the wool producing countries of the ALEXANDER portant commercial centres of the ordinary expenditure of

INSTITUT world. We are able to extend to our $7,000 incurred on the advice of adoption of the following procedure Empire in regard to marketing; the Company's consulting en- with a view to stabilising the wool also in coming to an agreement on clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds gineer, on renewal of lift-ropes and market: First, by regulating the and other Public Funds of the Chin on extensive repairs to lifts which wool selling season in order to per- ese Government both at home and had been in commission for over mit suitable offerings

six years. These two items aggre creating a carry-over into the next about selling season; secondly, by taking gate $10,000, of which 58,700 is counterbalanced by sav-steps for co-operation between the ings in other items.

various parts of the Empire in Better Dividend."

offering future wool clips." Num- Your Directors propose to pay a erous suggestions were made which dividend of $6 per share, amount the, committee at present is exumin- ing to $90,000 in all. After paying with a view to submitting them ing this dividend there is left the to the conference to-morrow. sum of $426,924.87 which it is pro-

Paid-Up Capital Reserve Funda

HEAD OFFICE: SHANGHAL

abroad.

HONG KONG BRANCH:

4, Queen's Road Central.

Manager.

SHOU J. CHEN,

Hong Kong, 6th March, 1991.

THE BANK OF CANTON, LTD. Established. 1912.

Head Ofee:-Hong Kong.

Authorland Capital (H.X: Currency) $11,000,000 Paid-up Capital .............

Be and aching

BRANCUZS:

over

posed to carry forward to next 6,566,000 year's account. In the opinion of

1,100,000

Danton, Banghal, Backaw Hendonsand Ben France

DORRESPONDENTS

LONDON BANKERS— The Lloyd's Bank, Limited,

In all principal citis of the World Fomiga-ezobnage and banking" Fundases of

Ty description transacted.

Bale Deposit Boson {various sisen) et a poszły rental of fruta 15 to $60,

LOOK POONG SHAN,

Chief Manager,

next year.

Was

without

Water

Untied at REVEL, ( Garonne).France. by GET Frères since 1796.

a specific basis for the co-ordination DE BEAUTE,

of efforts in research and publicity.

BANK DIVIDENDS REDUCED. Disappointment Felt la City. Circles..

Phone 25189. Pedder Building (1st Floor) Opposite Entrance to Hong Kong Hotel.

Lustrous Oll Permanent Hair Waves which are Large, Soft and Natural, Artistic Finger and Marcot Waves, Oil Treatment, Shampooing, Henna Pack - London, July 3.

(any colour), Hair Cutting and Mani- Disappointment is felt in City euro for Ladies and Gentlemen. Con- circles at the announcement that selentious. Artistic Work by European the Midland Bank and the NationalExpect, Mr. Alexander..

CHARGES MODERATE. Provincial Bank are reducing their Sir John Higgins, who was chair-interim dividend for the half-year

Sir J. Higgins's Scheme.

Westminster

your Directors, the financial poai-man of the British Australian Wool from nine to eight per cent. esto, tion of the Company justifies the Realisation Association, has sub- The fact that Barclay's Bank payment of a dividend of six permitted a plan to the Conference for yesterday announced no change as cent, as against five per cent. lost insuring wool values and eliminat- compared to last year encouraged year, and it is hoped that a yet ing slumps and booms. The plan hopes that the other four of the

may be declared does not suggest the formation of a "Big Five" would follow suit. better dividend

Lloyds and the pool or Government control, but As you have previously been in-admits that Government approval is Banks have not yet declared their formed, the property was mortgag-necessary. Sir John Higgins pro dividends. ed to the Government for $640,000. pases the formation of an associa- when China Building, was under tion of woolgrowers, with the aim construction in 1922. In 1927 the of preventing greater variations THE BANK OF TAIWAN, LTD. loan was repaid to the Government than d. par lb. in wool prices for

by means of a new mortgage from a cycle of 10 or 12 years.

Explaining the operation of his Messrs..Deacons for $400,000 and of the appropriation of $240,000 plan, Sir John Higgins atates: "It from the accumulated profits of is supposed that there is an Aus the Company.

The latter mort tralian clip weighing 745,000,000lb. gage was reduced by $150,000 in The wool is to be insured on the April 30, 1980, we arranged with 1928, and by $100,000 in 1929, On

the Bank of East Asia, Ltd., for FORMOSA |--Glina, Kugh Karenko, juan overdraft for $185,000 which

Vakar Hanks, Shischits, als together with accumulated profits Takao," "Tammal, Toan," Haio, Tailor CHINA-Bhanghai," Hankow, Assay, Fonchow,

of $15,000, was utilised for paying

(TAIWAN' GINKO.)

HEAD OFFICE:-Taipeh, Formoss Tacorporated by Special Imperial Charter, 1899.

Dental Bank in Formosa.

All classes of Commercial Banking Back Holes and Ararage amount Yan. 45,000,000 Transactions undertaken.

Personal inventment handled

accounte

The Company offers to intending Travallers the use of 1 "Travelors Cheguas" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped, Travel Ds- partment.

Aflisted with

THE CHASE NATIONAL BANK

Resources

Over C$2,500,000,000

C. H. BENSON,

General Manager,

THE BANK OF EAST ASIA, LTD.

Established 1912

HEAD OFFICE:

10, Des Voctix Road, Central.

HONG KONG

BEANOTES AND AGENCIES: JAPANI-TOKYO, Yokohama, Kebe, Oaks

Bwalow; Danton

OTHEDS--Hoog

Singapore Boerabers of the mortgage with Messrs. Semarang, Balaca Boday,

Deacons. This overdraft has DOW

London, "Naw Tork, Daten,

A LONDON BANERDS:

Caloutta

Loodus Coutry Westminster, and Park, been paid off, and so a larger divl

. . . .

The Bank has Correspondente in all the principal

Comma Cantese thres ghost the world.

E. NAQURA..

HONG KONG BRANCH

12.5, Dee Varez' Boad Central. Hong Kong, 19h Tammsay, 2258

THE MERCANTILE BANK OF

INDIA, LTD.

HBAD, OFFIOBLE

15. Cenovéhorska Birset, London, 2,01

Authorised Capital .....£3,000,000 Subscribed Capital 1,800,00 Fak-up Onpital .. Beserve Fund and Rest

・Bagook:

Karacal £;

· Kota Bharu

over: H.$ 8,000,000.00

TONG PO

Chief" Manager

dend may be expected next year.

Our auditor, Mr. Li Tung, Te- tires, and another auditor has to be, elected in his place..

I now move that the Directors Report and Statement of Account as presented be adopted, and when the motion has been seconded "I shall be pleased to answer any questions that may be put to me." Election of Officers. Mr.Lau Tak po retires 230 Director of the Company but offers) himself f

I have much pleasure in moving that Mr. Lau. Tak po bo re-elected Director for the onsuing year

This all the business, gentle- for your at- mon

tend

come

Considerable demand is being experienced by Ayrshire men in Western Ontario for cattle of that breed, reports the secretary of the Canadian Ayrshire Breeders' Asso clation with the result that quite a number of animals have changed hands recently, several of them to new beginners.

NO NEED TO BUY A NEW DRESS.

TO GO TO THE SPECIAL

HOTEL DANCES.

JUST SEND US YOUR OLD

ONE. WE WILL MAKE IT LOOK LIKE NEW."

THE INTERNATIONAL DRY CLEANING & DYEING CO.

19, Wyndham St Honr Hours.

143, Wong Nel Chung Fload,

Happy Valley

36, Nathan Road, Kowloon.

PHOTO SUPPLIES

78, Gaine Road,

Hong Kong.

PHOTOS TAKEN DAY AND NIGHT Zeiss, Kodaks, Cameras, Films, Plates, and l'apers, etc. Developing, Printing and Enlarging,

WE AT 24 HOURS SERVICE FRA

Price Moderate,

Trial Order Is Solleited:

THE KWONG KWUL CO., LTD:

AVISIT WILI, CONVINCE YOU-

DONT RUN FOR A DOCTOR

Pop an EVANS' PASTILLE into your mouth instead. Their antiseptic: vapours will soon relieve your of that cold

EVANS

ANTILESTIE. THROAT

Pastilles

For Chaints üvárywelken, Made in England to a formula oë. the Liverpool Throat Hospital

YOU

ARE INVITED TO INSPECT OUR STOCK OF ASIATIC FOREIGN AND COLONIAL

POSTAGE STAMPS

IN SETS, SINGLE PACKETS, BAGS AND IN APPROVALS -

SHEETS

GRACA & CO., Dialech in Postage Stamps, Philatelic Goods, Pictures, Postcards, Toys, &c.

10 WYNDHAM STREET P.D. Box No. 29. HONG KONG.

Printing

Job Prin

CASONABLE

PRICES