1931-08-10 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Amikorized Daglial mimanyam, 954,660,994. Teruak and Fully Fald-up Reserva Funder-

€1stling-un metsienos. £ 4,520,890 Hiver semmi... 118,000,000

$31,994,054

Masuren Lini, Chy at Proprietors. 926,244,100

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS: -- Eton. Mr. & G. 8. Hackis. Chairman.

Hon. Mr. J. J. Fala, Dapely leio.

M. M., Bell, I. E. Pastos, leg.

*. E. Cempted, Eeg. 3. A. Mummet, Zot,

M. Lunder Zawis, Tag, T. H. B. Uhay, Təq M. Miskin, Mag.

AMOT

BANGKOR

BATAVIA

ROM BAT

J. P. Warre, Eig Oklat Manager.

3. M. Grebro. 144.

DALOUTTI CANTON

CHEFOO

CALUMED DAIREN FOOCHOW

HAIPHONG

LAMBUSO

HANKOW

BARBIN

RONOKEW

(1.011.0

irou

JULIORE

XONE

XOWLOON

BRANCHES:--

KUALA LUMPUR

LAINDOX

LYONS

MALACCA MANILA

UAB (Johor)

MUKDZY

NEW YORK

.PEITIKO

PENANO

DANGOON

- MAICON

BAN PRANCI80-

HANOH

SINGAPORE

SURABAYA BURGEJ MANY TIENTRIN

TOKYO

TMINOTAU

YURDHAMA

Current Accounia opened in Lol Ourano aza Vizel, Usposito received for one smer at oler paroda in Local Currency and trilog Serine which will be quoted on pilotion. Bong Kong, 2526 February, 1982.

HONG KONG SAVINGS BANK.

The Business of the above Bank le conduct.

ed by the fONG KONG AND SHANGILAI 'BANKING CORPORATION. Bulaway be shisised on application.

FOR THE HONGKONG AND SHANGRAI RANKING CORPORATION.

V. M. QRAYBURN,

Hong Kong, 13th July, 1500.

"Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 20, 1928, under

special charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

Subscribed Capital...$25,000,000.00

BANK.

Paid-Up Capital

.$24,710,200.00

..$ 8,820,503.82

Reserve Fands

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our numerous branches in China and large connections in the im- portant commercial centres of the world, we are able to extend to our ellents special facilities for domestic und. foreign banking and exchanges.

We also handle the issue and other Fublic Funds of the Chin- cse Government both at home and abroad.

Bonds

SHOU J. CHEN,

Hong Kong, 6th March, 1981.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Eatablished 1917.)

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

8,000,000 4,000,000

12

4,000,000

Commerce and Finance

2,087,000 AMERICA GROWING

WORLD-MINDED.

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Reserve Fund Reserve Liability of Pro-

prietors

£3,000,000 ..$4,000,000

of Shareholders. Surplus

..£3,000,000

Agencies and Branches;

ALOE STAR

KUALA LUMPİR.

*(Malay Statoe}

SLOWING

MADRAS

MANILA

REDAN

NEW YORK

AMRITBAN

DANGKOK DATAVIA BOMBAY CALCUTTA CANTON DAWNPORE DRDO

COLOMBO

DAIREN (Dalay

Both Manure)

DELHI

HAIPHONG

HAMBURG

ILANKOW

HARBIN

12. Manoburia)

HÙNG HONG

HARLO

Iron

KARACHI

KLANG

༔ ༔

KUALA KANGSAR

KODS

(Torsk P.M.8.)

PEKINO

PESARO

HANUDOS

HAIGON

MERA HANO

SEREMDAN BHANOLA · SINGAPORE

SITUMITAN

NOURABAYA

TAIPINO ĮP.M.8.) · TAVOY

TIENIGIN

Far-Reaching Changes Manager. in Her Outlook on Trade

BANQUE DE L'INDO-CHINE.

HEAD OFFICE: $6, Boulevard Hamsamadri, Paris,

Subscribed Capital Fri 72,000,000.00 Eaid-Up Capital...Fra. 63,100,000.00 Reserve Funds..... Frs.102,000,000.00 DRANCHES: Hangkok Hong Kong Quinhon

Saigon Battambang Hue Canthe

Shanghaf Nam-Dinh Bingapore Canton

Thành

TOXTO

TONGKAR (Bhukoli

Mengtzo

THINGTAO

YORDHAMA

ZAMBOANGA

Djibouti

Numea

(Phillyplas

landa)

Fort-Bayard Papeete

and General

Haiphong Hankow Hanoi

I

Foreign Exchange

Banking business transacted.

Current Accounts opened and Fix-

ed Deposita received for 1 year or shorter periods at rates which will be quoted on application,

"J. 'STUART,.....

Hong Kong, 28th May, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V..

(NETHERLANDS TRADING BOGISTY),

• BANKERS

Peking

Tentain

* Toukano Phite-Penk Vinh Pondichery Yannanfu BANKERS:

IN NEW YORK: J. P. Morgan á Co., French American Banking Cor-

York.

President Hoover has sent measage

which has gone ringing round the globe. With its imme- diate implications this article is in no way concerned; but e mes- ge itself cannot be dissociated from the great change which has come gradually over America's outlook upon the world, says the New York correspondent of the London Daily Telegraph.

He

by building up the enormous eon- Great Britain and Germany-and

America's

WIND FORCE AND THE

SKYSCRAPER.

MONDAY, AUGUST 10, 1931.

SHELL TRANSPORT AND TRADING.

Strong Financial Position.

Interest to Structural Engineers.

sumptive power of

The stresses in stool-frame build- Lord Bearsted, the chairman, em- 120,000,000 people. In this he is inga due to wind action are always phasised at a recent meeting of opposed by big business, as repre- of interest to the structural en- the Shell Transport and Trading sented by the Chambers of Com-gineer. During the past two or

trade is vital to the country's well-published in the United States on financial position of that great merce, which argue that foreign three years a great deal has been Company the remarkably strong being, albelt much may be done by this subject, especially in connec-oil-producing and distributing or- international co-operation to limit tiun with the wind bracing of tall

ganisation. At the end of the production and secure more effl- buildings. Although the skyscrap- cient distribution, and in that way duct, it is fast spreading beyond and securities, mainly gilt-edged,

er is distinctly an American pro- past

holdings of cash to stabilise world trade.

the boundaries of the United exceeded £14,000,000.

year

The com

A Substitute For Competition.

Montreal and Toronto States. America's search for security each have buildings nearly 400 ft. pany is thas well-equipped to see to the conclusion that prosperity at Geographie Society states that "All depression through which the world has led gradually and inexorably high. The bulletin of the National through the period of prolonged home and stability abroad can beat Australia took sides in the Melis now passing, be secured by the substitution of bourne controversy to build a 40.

Antwerp has 0

Owing to the

international co-operation for com-storey building. Melbourne has directors' policy of conservation The dream of national self-suffit-petition. This until lately was a thus far kept within the 13-storey steadily advocated and pursued, ciency, the spirit of lofty detach-new-fangled doctrine in the United limit." ment and isolation from foreign States, and the idea that American phone building.

Madrid has a high tele-production fell from just over 25,- countries which live and twenty eficiency and mass production of commercial skyscraper, "the first 900,000. tons to just under 24,900,- years ago inspired the average themselves could and would defy real skyscraper on the Continent." 000 tons, although American citizen, has gone.

an output of IN FRANCE: Comptoir National still abhora "foreign alliances."

all competitors was unquestioned. The main portion is 12 storeys and 29,000,000 tons could easily have J'Escompte de Paria; Credit Lyonnais;

Before the war it was realised

The emergence of Russia as a rival the tower 28 storeys high. The been maintained had the demand Banque de Paris et des Pays-Bas; that America, to secure the maxi-

in the world's market was never first skyscraper in Holland is be- Acting Manager. Credit Industrial et Commercial; Somum of prosperity and to maintain foreseen, let alone feared.

been existent. ing built to house the Rotterdam- ate Generalc. IN-LONDON: The National Provin high standard of living must-ex brilliant President of Columbia

Dr. Nicholas Murray. Butler, the Electric-Compaṁ.--

In-the-United States the chief rins & Union Bank of England, Ltd.; port her surplus wares to the ex- University, a man internationally hibited in London and other cities preventing largely increased re Although the skyscraper is pro- obatacle has been the difficulty of Comptoir National d'Escompte de tent, roughly speaking, of 15 per known and Par Credit Lyonnais.

cent.

respected, has been of Britain, their design is, never serves, with resultant overproduc Then came the war, in which!

active very

in thic demandtheless, of interest to British en- tion, the building up of huge stocka, paranon; Guaranty Trust Co. of New America itself became involved, to for "new constructive means gincers, and in such work wind and a serious collapse in the price upset many preconceived notions. and policies." High. and dis-pressure is, of course, an import of both refined and crude-products, ciminating tariffs, he saya, are ant factor. A Committee on Wind Laws are being promulgated for Its own lessons and the ramificattle better-if any better-than Bracing in Steel Buildings, ap- the orderly development of new. Interest allowed on Current Actions involved by Reparations and military and, naval armaments. pointed some time ago by the fields counts and Fixed Deposits according war debts helped to demonstrate to arrangements,

the prevention of that in a political and financial

"The path to security," he urges, Structural Division. of the Ameri-waste, so that production shall Every description of, Banking and Exchange Business transacted. sense also the United States de- now lies through international can Society of Civil Engineers, pro- be kept within the safe limits

Safe Deposit Boxes to lok.

pended to a far greater extent than co-operation and through interne-sented their first progress report of

actual A. BONNAUD, had been imagined upon countries tional action in the fields of trade at the annual meeting of the carrying

abroad, that watertight compart and finance, and as to all that pro-society in January last. No report must take Hong Kong, 1st May, 1931.

ments have disappeared, and that motes the health, comfort, and of the year was received with Bearsted in hopeful that this cor- for all practical purposes the satisfaction of mankind." That greater attention nor was more recting movement is near at hand. world is, an economic unit.

view, powerfully expressed to-day fully discussed. The recommenda- by Americans eminent in all de-ions of the Committee were as partments of public life, will be follows:- adopted by the people of the United

(1) That the prescribed wind States to-morrow just as surely as force for buildings for the first 500 ft. of height be a pressure of the day follows night.

Established 1894.

Tall

Hugong Offos-11, Juven's, Boad Central. Authorised Capital Gutiden 162,000,000-

-Up Cape

Besects

und

(12.800,000) Chulidiče 80,000,000

(26.569.170 Œuliders' 40,021,000 (23,364,468)

Head Ofoe:-AMSTERDAM" Eastern Head Omon-DATAVIL

BRANDKES ---Bandjarmasin, Bandoing", Bombay, Calcutie, Cheribes, Djember, Djof- jakarta", The Hugas", Jaddah, Riba, Kota-Hadža, Makassar, Medan, Padang Palemban Pekalongan Frank Poslansk

Bangon, Botisedam”, Samarang, Bangkal, Bibolg (Sumatrs), Blogspoes,

Bours bata Boerskarla (Solo), Tomi, Tillainɔ moć Weltavraden",

Thiar offon Kara sala deponță bozor to las, London Baskaru --National Provincial Bank Ltd. Correspondente all over ibə world

Banking business of every deesription trazancled."

A. STOXKINK

Hong Kong, 18th August, 1980,

THE

Manager.

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway. New York.

Cupital Surplus Reservos

.U.S.$8,000,000 .U.S.$1,672,454 U.S.$1,008,209

BRANCHES:-

Aa

Manager.

Amsterdam · Gabo Antwory

Karls. Berila

Glasgow HAYSTA

Marcile

Bombay.

Breme

Brussal Burton Aldo

Hamburg Шатго Interlaken Jerusalom Lida Landon

Floa Kapi Pusaus Paris

Jang

Calro

Caloutte

Liverpool Lucarve Lugano LLIO

Marwaillon

Monte Carla

Mella

Kunlab

THE BANK OF CANTON, LTD..

Established 1912.

Head Office-Hong Kong.

Authorised Capital (1.X. Curranoy) $21,000,000.

Pall-Up Capitál, amemmesanomiz

Bezerra Fund - D

BRANCHES:-

8,000,000 1,100,000

Canton, Shanghai Hanlow, Swiow, Bangkok, Kew York and dan Frasalmon,

CORRESPONDENTS

LONDON DANKEES-

The Lord's Bank, Limited

In all prioripal etiles of the World.

Foreign change and banking business of avery Janczipilon fransected.

Rate Depart

scle of

Boxes (cations sista) ni a yously

to He

Салом Coloraba

Constantinople

Copenhagen Edinburgh Flores Geva

Moniraz Milma

Paking Talamo Bollardam Bome Alam boul Expl Southampto Bingapore St. Morit Tientela

Visans Vezice Yokohama Zurlok

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

All classes of Commercial Banking Transactions' undertaken.

Personvl investment accounta handled.

LOOK POONG BEAN,

Chief Manager. Travellers the use of its "Travelers The Company offers to intending Cheques" and Letters of Credit and, In addition, the world-wide services THE YOKOHAMA SPECIE BANK, of Its thoroughly equipped, Travel De

LIMITED.

Established 1880,

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

;.Yen 115,000,000

Head Office: YOKOHAMA,

Branches and Agencies atr

Alexandria

Batavia Berlin

Bombay

Calcutta

Canton

Changchun

Nagasaki: Nagoya Nowchwang

New York

Osaka

Paria

Peiping Langoon Fengtlen. (Mukden) Rio de Janeiro

Dairen (Dalny)

Hamburg

Hackow

Elathin Hong Kong Honolulu

Kai Yuan Karachi

Kobe

London

Los Angeles

Manila

San Francisco

Seattle

Semarang Shanghai

Shimonovel Singapore! Soarabaya

Sydney

Tientsin Tokyo!

Tsingtan

t

Interest allowed on Curront Aë-

counts.

Deposits received for fixed perioda

at rates to be obtained on application,

MORLAR

Manager. 18th July, 1981.09.

partment.

Affiliated with

THE CHASE NATIONAL BANK Resourcer..Over G$2,500,000,000

C. IL BENBON, ·

General Manager.

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

+

HEAS OFFICE; 55, Wall Street, New York.

ARGENTINE BELGIUM BRAZIL

Capital, Surplus and

Undivided Profits..U.S.$226,087,802

Branches in:-

LONDON HEXICO PANAMA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS

CHILE

CHINA COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

SETTLEMENTS URUGUAY VENEZUELA

Trend of The American Mind.

and

out

consumption. The of these plans time, but Lord

Causes of Depression.

The present absenge of demand

is attributed to a variety of causes, including the fall in silver, which has played havoc with Eastern markets; the Australian money 20 lb. per square foot, and that stringency; the hoarding of gold; above this level it he increased at the deadweight of war debts; high the rate of 2 lb. per square foot and illogical tariis; oppressive for each 100 ft. of height.

taxatlon; the artificial accumula- (2) That in no member should. tion of stocks, and uneconomic competition of Soviet Russia. exceed 75 per cent. of the elastic While unable to hold out rosy pro

nor should spect for the current year, Lord.

Capitalism on Its Trial. Anybody who has lived in the United States during the last quar ter of a century, and has been in close touch with American thought, ideas and ideals, will tell you that the changes which are now in pro-

This trend, marking a most im- cess and in contemplation are pro- portant period of transition in the bably the most important and far- United States, is evidenced by the reaching in their possibilities that resolve of progressives of all American history has known. political parties. In the process of America, with its population drawn becoming internationally minded, from all quarters of the earth, a the following developments are re-limit of the material, veritable League of Nations in it-garded as inevitable: self from the standpoint of origin and descent, is becoming world- minded!

How long it will take to com- Commercial and Travellers' Letters plete the process depends chiefly of Credit, Travellers' Cheques, Billa of Exchange and Cable Transfers upon prosperity or poverty. If the hought and sold, Currant accounts greut depression from which the and Savings Bank accounts opened country now suffers disappears in and Fixed Deposits in local and for a few years, the process will be eign currencies taken at rates that prolonged but not ended. If, on the may be ascertained on application to the 'Bank.

other hand, prosperity should not We are also able to offer our Cas-return, and millions of efficient, tomers the services of the Branches able-bodied people still remain un- of the International Banking Corpors employed, all the signs of the times tion in San Francisco and Spain and niso of The National City Bank of tend to show that the American

the stresses due to the combined action of this and all other loads

the overturning moment due to Bearsted contended that the oil 1. That the old fiction regard-wind force exceed two-thirds of the industry, being concerned with a ing German Reparations pay-moment of stability due to dead vital need of civilisation, must

continue to exist and will be one of. load only.

(3) That for structures with the Brst to revive when world con

ditions rounded roofs, such as armouries,

improve. He 2. That the United States will hangars, drill sheds, etc., and for claimed that there was no unit bet join the World Court at an early mill buildings or buildings with ter equipped, both technically and

monts and Allied debts 28 separate problems must be aban- doned.

date; and

further

3. That the Washington Gov-large open interiora and walls in financially, to see through the hat which large openings may occur, times and take advantage of the ernment will participate very consideration be given to the pos-good than the Royal Dutch-Shell actively at the Geneva Con-i

sible necessity for dividing the group. His hopeful speech creat- ference to secure a reduction of wind force into pressure and suc-od a very favourable impression in arms in return for a reduction oftion effects.

the oil share market. Allied debts.

سیسه پسيه

New York (France), S., in Paris electors will change their views CANADA'S NEW GOLD RECORD.

and Nice.

F. McD, COURTNEY,

Manager. Hong Kong, June 15, 1931.

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

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899,

foreign.

best authorities in the United

was as

The

un-

(4) That in calculations for strength, the walls and partitions

(5) That the various braced

of

FORD'S MILLENIUM,

Six Months of Outdoor Life for Workers.

Mr. Henry Ford forecasts the millenium for the factory worker,

with six months Indoors and six gigantic experiment for growing in months outdoors yearly, If s the delds the products needed for

of a tall building be ignored and overnight regarding · Republicans

the structural frame be required and democrats, and demand a new and

All record for gold production to resist 100 per cent. of the re- constructive polítical. pro- gramme, which will dig deep into in Canada were broken in 1930 commended wind load, the foundations of existing with a total of $48,453,601. policies, economic, home, and total moved up nearly $4,000,000 bends passing through a floor be from 1929, so that Canada has now considered as taking loads only in (6) That structural frames be This is putting the case mildly, reached the position of the world's proportion to their rigidities. but accurately, according to the second largest producer of gold so designed as to ensure that de- Finally revised figures issued by flections and vibrations will be States. Summed up, it means that the Dominion Bureau of Statistice kept within such limits as to ren- American capitalism is on trial, show that Canada produced 2,102,- der buildings comfortably habit and, while the vast majority of the 068 fine ounces of gold last year.able.

industry preves a success. Central Bank in Formosa.

"Mr. Ford: has, already assembled JAPAN:-Tokyo, Yakobama, Kobe, Daska, Bank-Notas ipad Average amoual Yen. 48,000,000 people bellove that capitalism will Since 1924 there has been an

(7) That engineers having to BRANCHES AND AQENCIES. prevail as the least imperfect form brokon series of annual increases, do with tall buildings undertake to chemists, farm experts and produc- ronoSA-Oiras, Kagi,

The value of determine experimentally the ac 10,000 acres for experimental pur- tion engineers who are utilising Etienko,

of human government in the world the Bureau states. Watons, Kants, Bhinchi Tohu, Tato to-day, it must adopt the measures, production by provinces and ter-tual horizontal movements Tata Tamul, Tosa, Halis, Talto. CHINA-Shangha Hankow, Limby, Pooch, national and international, which ritories in 1930

follows: buildings of various types and pro- poses. Bwalow, Canton. OTHERS. Bingapore, Beraber, are deemed necessary to keep pace

Nova Scotia, $26,295; Quebec, portions, so that means may 'be de- As already reported, tracts o Semarang Beteria,

Babay. Osluits with the requirements of civilised $2,986,170; Ontario, $36,866,552; vised for predicting the behaviour considerable size have been plant- London, New York, Daires

LONDON BANKERS.

society.

Manitoba $479,859; British Colum- of a building under wind force. ed with canteloupes In Southern The London County Westminster and Farr's. Bank.

The prophets of a new day in

blu, $3,397,023; Yukon Territory, (8). That, in the interests of Michigan with the idea, it ta said, America predict a new order of

$734,202.

rigidity and economy, deep, rather of obtaining industrial alcohol civilisation. Not Russia, but the Quebec increased its production than shallow, bracing be employed from their distillation. This pro- United States will be the pioneer. by 56 per cent. er over $1,000,000 wherever it is at all practicable duct would be used in manufactur

ing the varnish the Ford factory Tremendous efforts are being compared with 1929, the output in Engineering. made by State Commissions and re copper made at the Norando amel- cluding gold contained in blister

uses in the production of cars. It is expected that from 300 to Mr. Ford. belleves his plan, is search agencies liberally endowed ter and gold in bullion, produced 400 workers will be employed in the likely to benefit both industry and to solve unemployment, protect old from ores mined, at the Siscoe, new plant of the Polymet of Canada agriculture if it proves workable. age, and to safeguard against ac- O'Brien and Granada gold mines. cident and Invalidism. "If," says

Limited In Hamilton, which will besides, alding the health of the The Ontario output increased by manufacture, electrolytic paper and workers, giving them diversified Dean Baker, Professor of Business approximately $2,850,000 or 7 per mica, condensers, resistances, trans-employment. They would spend Economics at Harvard University cent, over the previous year, with formers, and cells, as well as units half the year growing and harvest- who is universally regarded here the Porcupine camp producing gold used in the electrical, radio, street ing products which have commer as one of the best minds in the to a value of $17,758,842 and the signal, oil-burner and electrical re- cial uses, and the other half of the country-"American capitalism and Kirkland Lake Area $17,168,879; frigeration industries. capital are not based on pro- the latter an, increase of over three

The Bank has Correspondans to all the placips

Commercial Centre, throughout the world.

K. NADURA.

Manager.

HONG KONG DRAKUN

# Des Your Bood Centri... Hong Kong, lik. Jacuary: 1922,

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central, HONG KONG.

Capital” and Sarpins Total Resources

OTST. H.# 8,000,000.00 över $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,

Bavings Account and Bate Deposit Boxes. Branches and "Agenoles all over the world,

KAN TONG PO,

Chief Manager.

grammes that are socially sound million dollars but the Porcupine ranking second in gold production, for the mass of our people, the pre-declined in its output by half that produced alluvial gold, gold bullion, servation of our capitalistic system amount. The remainder of the gold in blister copper and In base will be impossible.

increase for Ontario is accounted bullion and ores exported to the Professor Baker: believe that fox by large gains in the gold pro- value of $3,397,023 In:1989, a gain American business mon, who must duced in the Südbury area and of approximately $200,000 over the not be confused with professional from miscellaneous sources, these year before. The gold production politicians, will be able to main two iteras amounting to nearly a of the Yukon, amounting to $734- tain a prosperous country and give million dollars or almost five times 202, was almost entirely in the steady employment by paying very tho gold produced in the previous form of alluvial gold and produc little attention to, foreign trade year.

tion reached practically the same which is more urgently needed by The province of British Columbia figure as in 1920,

year assembling the finished pro- ducts.

COMING TO:

THE KING'S

COTLAND

ARD

FOX PICTURE