1931-08-06 — Page 11

THURSDAY, AUGUST 6, 1931.

BANK S

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authoripod Capital in 139,099,000 Issed and Fully Pald-up 026,800.249

Esserva Fonds—

Eterling penenvannaminn € 1,550,808

· Biltat animate, consir $10,000,000 Barve zl Proprialare ... $31,500,000

HEAD JCTICE: LIONG KONO.

BOARD OF DIRECTORS ;— Thom. Mr. 0, 0, 8,. Maskla. Chalrusian

Hon. Mr. J. J. Paterson, Deputy Chairman,

Tha M. 4. A. B, T. E. Pravok, og

A. H. Compian, Eng. 2. A. Plummer, Kię.

.. Landas Lewis, Bag, T. II. B. Shaw, Esq.

10. Miskin, Exc.

*NOT..

BANGIO BATAVIA BOMBAY

DALCUTTA

CANTON OBE700

COLOMBO

3. P, Warren, Fiện Chiat Manager.

V. M. Deyburn, Eag.

BRANCHES

LONDON

LYOND

MALAGUA

··MANILA

MUAB (Jakova)

MUKDEN

NEW YORK

BAN FRANCISO.

PEIPING

DAIREN

PENANG.

FOOOLLOW

BANGOON

HAIPSIONG

BAIOON

HAMBUNG

HANKOW

SHANURA

HARBIN

SINGAPORN

KUNGSEW

BOHRADAYA

ILOILO

HUNDEI PATANY

III

TIENT IN

10008

KODE

KOWLOON

KUALA LUMPUR

TOKYO

TSINGTAO YOKOHAMA

Curtwas Arcounte opened lo Laval Outreans In Pixed Deposite reunited for one year of pkarter periode in Lose Oursday and asking on tarana which will be guated on appleston. Jong Kong, Bath Falvuszy, 1981,

HONG KONG SAVINGS BANK.

The Dusimas of the above Bask la sendust- ad by the ILONG KONG AND BRANDSTAT, BANKING CORPORATION, Balas may be abisland on application.

FOR TILL HONGKONG AND SHANOBAJ BEING CORPORATION.

..

V. H. GRAZBURN,

Hong Kong, 16th July, 1990.

Chief Maker.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Faris.

Subscribed Capital Fra. 72,000,000.00 Paid-Up. Capical...Fra. 68,400,000.00 Reserve Funds Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon Battambang Ilue Eartha

Saigon Mengtzo Shanghai Nam-Diak Singapore Numea Thanh

Tientsin

Canton

Djibouti

Fort-Bayard Papeete

Haiphong

Hankow

Bazol

Peking Tourane Pnam ranh Vinh Pondichery Yunnanfa BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; 80- clate Generale.

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

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

HEAD OFFICE: LONDON.

Pak-up Capital

THE HO HONG BANK, LTD. (Established 1917.)

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

of Shareholders Surplus ...

23,000,000

Roservo Fund

£4,000,000

Reserve Liability of Pro-

prietors

Reserve Liabilities

Paid-up Capital ...

.£3,000,000

Agencies and Branches:

(Malay Nates)

KUALA LUMPUE BUCHINO

MADRAS

MANILA

KEDAN

NEW YORK

PEKINO

ALOR STAR

AURITSAR BANGKOK.. BATAVIA BONDAY CALCUTTA CANTON GAWNPORE DEBT

COLOMBO

DAIREN (Tiainy

South Marchuria)

BELEI

HAIPITONO

HAMBURO

HANIOW

HARBIN

IN. Manchuria)

HỒNG KONG

ILOILO

IPOB

KARACHI

ELANO

IOBE

KUALA KANGSAR

(Parak .M.8.1.

PENANG

DANGOON

SEMARANG. SEREMBAN

BAJOON

BHANGHAI

SINDATORE

SITIAWAN

BOUBADAYA

TAIPING (M.B.) ZAVOX

TIENTSIN

TOKYO

TOKOKAH (Bhuko6)

TOINGTAO

ZAMBOANDA

YOKOHAMA

(Phlippine Llanda)

General

Foreign Exchange and Banking business transacted.

Current Accounts opened and Fix- ed Deposits received for 1 year of shorter periods at rates which will be quoted on application.

J. STUART,

Acting Manager. Hong Kong, 28th May, 1931.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York

Capital, Surplus and

Undivided Profite..U.S.$220,037,302

Branches in:---

ARGENTINE

BELGIUM BRAZIL CRILE

CHINA

COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA ITALY

JAPAN

►

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travallars' Letters of Credit, Travellers Cheques, Bils of Exchange and Cable Transfers bought and sold. Current accountą 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 Cus-

tomers the services of the Branches

in Paris F. McD.

COURTNEY,

Manager Hong Kong, June 18, 1981.

8,000,000

4,000,000

4,000,000

2,687,000

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

Every description of Banking and Exchange business transacted. ** TAN ENG HOOI,

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPLI, N.V.

(NETHERLANDS TRADING BOCIETY) ·

BANKERS.

Established 185,

Hong Kong Offer-1), Quae's Boul' Dentist,

Authorised Capital Güller 150,000,000-

($32,500,000) -Up Capital Ozilda BO, DO

(0,008,175) - Guildars" 40,018,000 (23,951,188)

Beterre Pond

Head Omni-AMSTERDAM” Eastern Head Omos >-BATAVIA. BRANCHES Bandjarmasin, Basdong", Bombay,

Calcutta, Darban, Bimber Dok Kota-Endja, Makassar, Medan, Padang Pontianak, Rangoon, Rotterdam Samo*

Shanghel, (Bumat) Singapore,

Boursba Somrakarta (Bola), Tagil, Tilapan Wellenden

jakaria”, The Hagna“, Fiddah, Koba, Fulangan Penang.

Palembang,

alber

• Thess oftcns bare safe deposit boxes to 'let, London Bankere --Nailous! Provincial Bank LU. Dorrespondente all over the world Banking business of stacy description testinclad.

4. STOKKINK,

Hong Kong 8th August 1990..

Kaonger.

THE BANK OF CHINA.

行銀國中

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

ernment as an

INTERNATIONAL EXCHANGE ·

BANK. Subscribed Capital ....$25,000,000,00

THE CHINA MAIL.

Commerce and Finance

INDIA'S PUBLIC DEBT.

Counter-Claims Total

Rs. 729 Crores.

REPORT OF CONGRESS.

Bombay, July 13,

The National Liberal Federa-

tion has passed a resolution de- nouncing all suggestions relating to

Capital and interest, 37 crores. Cost of the Mutiny, 40 crores. Under the British Crown,

External wars, 37 crores.

European War gifts, 189 crores.

11

BUSINESS DIRECTORY

DRAWNWORK & EMBROIDERIES

Manufacturers & Exporters of

ALL KINDS OF'

SWATOW DRAWN WORK

AND

European War Coats, 171 crores. ART EMBROIDERIES

Miscellaneous charges

of 20

crores.

Charges in respect of Burma, 82 crores,

Reverse Council losses, 35 crores. Railways, 83 crores.

.:

Grand total, 729 crores.

Mahatma Gandhi's Comment.

SHAWLS

UNDERWEAR

PYJAMAS

KIMONOS.

Mahatma Gandhi's attitude on SWATOW TRADING CO.

the question of India's Public Debt

was broadly hinted in an inter-6, Pedder St. opp. Hong Kong Hotel view which he gave to "Scrutator,"

Congress Select Committee.

Mr. Gandhi is reported to have told the interviewer:-

the repudiation of India's Public of the Indian Daily Mail, in con- Debt, but urging that an Indepennection with the report of the dent tribunal should decide the nn ture and extent of the adjustment between Great Britain and India, said' a Reuter's cable from Bom-four reasonable and learned men, bay a few days ago,

experts in law and finance,

"Here is a document, prepared by

It

In connection with the Public appears to me that there is a prima Debt of India the Congress Salect facie case for the claims they have Committee appointed, by the Kara-claborated. I would not say that chi Congress, to scrutinize and re- their claims are accurate and com- port on the financial obligations plete, or represent the final word between Great Britain and India of the Congress, but I do claim that made this unanimous recommenda, the report shows the necessity for tion:-

an impartial investigation into the "The present Public Debt of India question of India's financial obliga- amounts to 1,100 crores of rupees. tion with Great Britain and I am Taking into consideration the ever-prepared to accept an impartial in- growing material and political gainvestigation by an independent to Great Britain as a result of the body." possession of India, and in consi deration of the suppression of Indian industries and talents, the Commit- tee recommenda that Great Britain | should follow, in dealing with India, the precendent she set in releasing | Ireland from her share of the Na-. tional Debt of the United Kingdom when Ireland was made a Free State."

The Committee's report which

Paid-Up Capital ..$24,710,200.00 has been released for publication

........$ 3,820,508.82 is divided into three heads, viz., Reserve Funds

(1) Scrutiny of the totality of the transactions of the East India Company til 1858:

HEAD OFFICE: SHANGHAI,

HONG KONG BRANCH: 4, Queen's Road Central:

and

asseta; and

MAHATMA GANDHI

Japanese Competition in India.

a

-Commenting-on-this, Mr. Gandhi

Phone. 23303.

ATTRACTIVE TAILORING

The Latest in Gentlemen's OutЯtting

AT PRICES TO SUIT ANY PURSE..

PERFECT FIT

AND. RELIABLE SUITINGS, WING HING CO.

Gentlemen's Outätters

.. 64, Queen's Rd, C. Tel. 21.117.

DENTISTS.

HARRY FONG, Dentist,”

1st floor, No. 74, Queen's Road

Central. Tel. 21255.

TANG YUK, DENTIST Successor to

the late SIEN TING,

14, D'Aguila? Street." .

TERMS VERY MODERATE Consultation Fren.

ELECTRICAL SUPPLIES,

THE GLOBE FOOK CHEONG ELECTRICAL SUPPLY CO., LTD.

72, Queen's Road C. Tel. 28270.

ENGINEERS & SHIPBUILDERS.

Kowloon Bay,

W. 8. BAILEY & CO., LTD.,

New Work & Repairs. Call Fing "L". * Sole Agents for Kelvin Motors.

FRUITS.

Bombay, July 16, In this week's Young India, Mr. Gandhi publishes letters from correspondent who quotes the re port of the British Cotton Mission (2) The financial obligations to the Far East in regard to the since the transfer of Government Indian boycott and Japanese com- Owing to our numerous branches into the Crown (a) debts not backed petition in India. -of-the-International-Banking Corpora-China and large connections in the im-by-any-assets-and-(b)-debts-which-

tion in San Francisco and Spain and portant commercial centres of the created Di Jeft some material says: "However shocking it may be also of The National City Bank of world, we are able to extend to our New York (France), SA

clients special facilities for domestic (3) Recommendations. and Nice.

-and foreign-banking and: exchanges.

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

Unproductive Debts. ese Government both at home

Under the first two heads, the abroad.

SHOU J. CHEN,

Committee estimates India's claims Manager. against Great Britain on account Hong Kong, 5th March, 1981. of unproductive debts at over 729 crores of rupees, which is made up of various sums such as (1) pay manta on account of the East India Company's capital and interest, external wars and the cost of the Indian Mutiny (1857) under the and the State are one, but, oven Sunkist Oranges ...$1.00 per doz. East India Company; and (2) ex- when we arrive at that state, ternal wars, European War gifts efficiency will be necessary, perhaps Sunkist Grapefruits $3.50 per doz and costs, and losses on Reverse more than now." Councils, etc, under the British Crown

THE

IN NEW YORK:. J. P. Morgan A Co.; French American Banking Cor- paration; Guaranty Trust Co. of Now AMERICAN EXPRESS COMPANY,

York.

!

Interest allowed on Current Ac- counts and Fixed Deposits according to arrangementa.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let,

A. BONNAUD,

'Hong Kong, 1st May, 1931.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

Adam Antwerp Athaba Baals

BRANCHES:-

Desga

GIA SƯ

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Hong Kong.

Authorized Capital (H.K. Durrency) $11,000,000 Pald-Up Capital en

8,000,500 2,100,000

INC...

Head Office: 65, Broadway, New York.

Capital

Burplus

Rosorve

U.S.$6,000,000 U.9.$1,572,454 U.8.$1,908,209

Manager.

Best Fund

No Harle Piranus. Faria

DRAKOILES

Beskow,

Balls

Blaretia

Bombay

Прашная

Trussels Bat Altea

Calopita

Colomba Conatan Unople

Interlaken Jammalam Lidó Loadou Liverpool Letour Guraso Luxor

Rotterdam Bat Stamboul Ekangal Beyhampio

Marellion

.. St. Mori

.

Copenhagen Edinburgh

Vios.Da

Venlos

Florow

GeoTh

Yokobsma Zurich

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

Yon 115,000,000

Head Once-YOKOHAMA."

Branches and Agencies at:

Nagasak!

Alexandria

Batavia

Berlin

Bombay

Calcutta Canton Changchun

Hamburg

Haskow

Barbin

Hong Kong Honolulu

Nagoya

Newchwang

New York

Osaka

Paris

Pelping

Dairen (Dalny) Rangoon Fangtion (Mukden) Rio de Janeiro

San Franciaco Scattle Semarang Shimonoseki Singapore Soernhaya Sydney Tientsin Tokyo Tsingtan

Ka

Yeon

Karachi

Kobo

London

Los Angeles

Manila.

Intereat allowed on Current A-

counts.

Deposita received for fixed periods at rates to be obtained on application.

H. MORI,

Manager.

Hong Kong, 10th July, 1981.

KLAVÄEN Hamburg

Baure

Monia Carlo

Mani's

Hualists

Montreux Hiles

Ibang Faking

L'alarmo

Singapore

Branches of... American

Expresa Company in Principal cities of Unit ed States of America and · Canada.

All classes of Commercial, Banking- Transactions undertaken.

accounts

Personal investment handled

Canton, Boghal, Hankow, Bangkok, New York and San Francisco.

COBRESPONDENTS

LONDON BANKERS

“The Lloyd's Park, Limitad

la ali principal cities of the World. Poialgu change sad banking bestases of every description trunasetað,

Safe Deposit Bozse (various slasa) no a zsúly, cenial of frosi #8 l $50,

LOOK POONG SHAN,

Chlef Manager.

(TAIWAN GINKO.)

Productive Debts.

for our pride, the quotation given by my correspondent has a double lesson.

It is not our boycott so much as Japanese efficiency that has ousted British plece goods, and If our mills do not keep pace with the times, notwithstanding, all the efforts of Congress to infuse a Swadeshi spirit among the people, Japan will win the race.

"A prohibitive duty will not be permitted to protect inefficiency. I know that in Japan the people

JUST ARRIVED

"WING" BRAND Coffee, Tea, Hawaünn' Jams, Jelly and Fruit Preserves.

Tel. 25869.

LITERATURE

BOOKS for All

Bibles, Pocket Testaments, Prayer Books and Stationery.'

General Literature Presentation Books Children's Books a Speciality. THE BOOK & BIBLE DEPOT Wyndham Street..

Next to King's Theatre, "

Agents for

British & Foreign Bible Society and The Religious Tract Society.

SWATOW DRAWNWORK.

JUST OPEN!!! LAI YANG EMBROIDERY CO. 2. Wyndham St. (above Book & Bible, Depot.) Direct Exporters of Swatow Drawn Work, Embroideries, Silk Shawls, Irish Linen & Grass Cloth, Handmade Laces & Ladies' Underwear,

WHOLESALE AND RETAIL. '

HAIR DRESSERS

LEE YEE,

Ladies' and Gentlemen's Hair Dressers & Booksellers.

No. 12, D'Agullar Street. (opposite Queen's Theatre).

OPTICIANS.

THE HONG KONG OPTICAL

COMPANY,

*Phone 22232,

69, Queen's Road Central.

SHOES.

Black

Pair Brown

Shoes from $6.00, ' Black or Brown Boots from $8.00. Children's Boots or Bhoes from $2.00. Best styles, most complete stock of all sizes. Repairing a specialty. WONG BIU WOON 21, Pottinger St. Phone 21474.

SPORTING GOODS

ATHLETIC GOODS

AT

THE LIANG YOU CO.,

70, Queen's Road C.

THE BANK OF EAST ASIA, LTD.

Space for national exhibits in the new World's Grain Exhibition In regard to productive debt and Conference building at Regina, | items, such as irrigation, posts and is being taken up very quickly, a telegrapha, no claim is suggested large portion of the mile and one

WING COFFEE CO. although the "extravagance" of half frontage. for these exhibits building the new Capital, at Delhi having already been applied for. 189, Des Voeux-Rd. C. and the Back Bay reclamation Dr. J. H. Grisdalo, chairman of the scheme in Bombay is condemned. programme committee, reports that While recognizing that the debts up to date, over 30 agricultural "incurred justly and for the bene-experts representing many coun- THE BANK OF TAIWAN, LTD. At of the people of India" should be tries will take part in the confer- taken over by India the report ence programme of the World's argues that, during the whole Grain Show, 1982.: HEAD OFFICE:-Taipeh, Fermons.period of British rule, no burden

Grazing facilities for over 8.000 has been undertaken by the Gov- ernment of India with the assent of head of cattle are available in the the people, therefore, at this time, forest areas of Saskatchewan, ac-1 it is necessary to examine such cording to a survey, by the Depart burdens with reference to their ment of Agriculture in co-operation Justice and propriety.

with the Department of Natural It is also pointed out that the Resources. Public Debt" of India is not a} "National Debt," for it is the re OTHERS-Hong Kong, Singapore, Bowesbaja, Bult of acts of representatives of

Semarang, Bateria,Bombay Calm the British nation, as India had not;

even "the shadow of a Constitu- tion."!

Incorporated by Special Imperial Charter, 1899.

Central Bank in Forsy

JAPANI-Tokyo, Yokotams, Eobs, Ossia BRANDZZLES AND AGENCIES: FonM08-as, ap, Haraniy

The Company offers to intending Bank No mund Arstage amount antas. 45,000,000 Travellers the use of a "Travelers Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped, Travel De

partment.

Afiliated with.

THE CHASE NATIONAL BANK Resources Over G$2,500,000,000

THAT'S A FINE EYE-DOCTOR MAGGIE. SENT ME TO ME SINDS ME TO "THE SEA SHORE TO IMPROVE ME:

· EYES, HE SAYS THE WATER WILL. DO EM GOOD-

ווי

C. H. BENSON.

General Manager,

Hakong Nato Shinehf, Taichu, OKINA-hahal, Hankow, Amoy Yokow,

Takno, Taizual, Zoen, Halin, Teilo

Deslor, Canton.

London, New York, Duran,

LONDON BANKERS The London Bously Wazimiomar and Parr's Bank The Bank has Correspondents in all the principal Commercii Centew throughout the world.

HONG KONG BRANCH:

K. NAGURA.

• Hasager.

* &. Dos. Venue Road Osiri

Hong Kong, Bhh Jamiary, 1928.

WELL SUPPOSE I'LL HAVE - TO STICK IT OUT, BUT WHEN I CALL HIM UP TO-DAY VLL TELL HIM SOMETHING-

BRINGING ·UP FATHER

OH-HO!

The total claims are as follows' (in rupees):

Under the East India Company External ware, 85 crores.

COMING TO

THE KING'S

SCOTLAND YARD

Established 1918. HEAD OFFICE:

10, Des Voeux Road, Central, RONG TONG

Capital and Surplus Total Resources

over H.$ 6,000,000.00. over H$30,000,000.00

Every description of Banking and Exchange business transacted,,.

Current and Fixed Deposit Accounts in local and for eign currencies opened for clients,

•

Savings Account and Safe Deposit Boxes. Branches and Agençles all over the world.

KAN TONG PO,

Chial Manager.

·YES-DOC-I'M SEEIN' « BETTER AN'I "THINICH. OUGHT TO STAY HERE' LONGER THAN YOU SAID-i

3 YEAR GUARANTEE

AND

2 YEAR EASY PAYMENT

GENERAL ELECTRIC ALL-STEEL REFRIGERATOR

Call or write for full particulars.

on view at :-M

The Hong Kong Electric Co., Ltd. Wm. C. Jack & Co., Ltd.

The General, Electric. Co., Ltd.

arson;, Mayer, & Co, Ltd.

1991; 6013 Pexture Service, Inc.

Great Britain rights reserved.