1931-08-26 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Deplial 600,000,000 Lovard and Faily Paid-up 2 230,001,106 Bar Pinda

Sterling ♬ 1,500,000

Hoovers Lichthy al Progelators min $30,000,000 FIRAN LAFTICE: HONG KONG.

BOARD OF DIRECTORI

Boa. Mr. 0. G. N. Markle. Chairman

Hon. Me, J. J. Palaemony Deputy Chairmana-

Hey, M2, 4, 2. Bell, T. B. Pearce, Bag-

A. E. Dempion, E14. J. A. Plummer, Bog.

#. Landar Lewis, Esq. T. K. R. Daw, 31.

. Mjeku, El.

AKOY

MANGKUK

BATAVIA

BOMBAY

J. F. Warrea. Fog.

Chiat Menge.

Y. M. Grayburn, Esq.

OALOUTTA

CANTON

OBERO

AOLOMBO

DAIBEN

FOOCHOW

KAIPHONG

HAMBURG

EZANKOW BARBIN

HONⱭXEW

ILOILO

Iron

30000

коа

KOWLOON

BRANCHES

KUALA LUMPUR

LONDON

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

HEAD OFFICE: LONDON.

Paid-up Capital

Resorto Fund

.£8,000,000 £4,000,000

Reserve Liability of Pro-

prietors

.£5,000,000

Agencles and Branches:

KUCHING

ALOR STAR

AMBITRAR BANGIOI BATAVIA BOMBAY DAINUTTA VANTON

CAWNPORN

'1EBU

ALIPHONG

Год

MADBAS

MANILA

MEDAN

NEW YORK

PEPING (Poking} PENANO "RANGOOS

BAIGON

THE HO HONG BANK, LTD.

(EstabRated 1917.) -

THE

CHINA

MAIL.

Commerce

Finance

HEAD, OFFICE SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.

Reserve Liabilities

Authorized Capital Stratts $20,000,000 Issued Capital”............... Paid-up Capital

H

8,000,000

4,000,000

4,000,000

}}

- of Shareholders'. Surplus

2,667,000 DISTRIBUTION ̈ OF

GOLD.

Branches, Agencies and Correspon- doute fo the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG KOOL,

Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

$6. Boulevard Hausermann, Paris,

Paid-Up Capital...Fra. 68,400,000.00 Reserve Funds ....Fre 102,000,000.00 BRANCHES:

Assets for Currency Purposes.

and

WEDNESDAY, AUGUST 26, 1931,

THE ARGENTINE'S

FINANCES.

Favourable Trade

Balance.

An official statement showing the and Germany In particular, is improvement in the economic and starving for waat of long-termed financial position of Argentina capital, one withdraws from the

under the present, regime, was country which requires it most, not issued recently by Baring Bro, only its capital by means of reparáthers and Co., financial agents to tions payments, but besides that, the Republic, The new Govern- for political and other reasons pre ment, it may be recalled, came into vents that the capital, after its roundabout journey, formerly, via GERMANY'S POSITION.

the reparations agent, and now via the International Payment Bank, Though the frequent discussions should further, act as capital for in recent years, regarding the im- the fertilisation of universai portance and significance of gold economies. Thus a

considerable

'Element of Unrest.

power early in September last, when, following a fairly peacful re volution, Dr. Irigoyen was auc- coeded as President by General Uriburu.

The statement, which has been personally prepared by the Minister Buenos Aires, June 13, shows that during

巍

Subscribed Capital .Fra 72,000,000.00 currency often pursued other ends, part of the monetary gold assets 1B of Finance and is dated.

these discussions have nevertheless divested of its natural functions contributed to the clear recognition and sterilised.

: the first four months of the year of one of the chief obstacles to the

there was favourable trade overcoming of the universal econo-

By means of the political pay-balance of $11,000,000 gold, as mic crisis and thus one can layments a permanent element of un- compared with a deficit of $16,000,-

the weak spot, rest

introduced into

000 zold for the corresponding writes Dr. Hans Luther, former international economic relations. period of last year.

President of the In Germany the fear of fur- tion of purchases abroad, it is Chancellor and German Reichsbank: Not the gold ther

and unexpected.

COLUMBO DAIREN

DELHI

BEKABANG

BEREMBAN

HAMBURG

SHANGHAI

HANKOW

BINDAPORY

HABBIN

SITIAWAN

LYONS

TONG KONG

BOURABATA

MALACOL

ILOILO

MANILA

KARACHI

TAIPING ΤΕΕΝΊΘΙΝ TOKYO

-་

Bangkok

MUAB (Jekers!

KLANG

TONGKAN (hukai)

MUNDRY

KOSE

TRINGLAQ

Battambang Hue Cantho

NEW YORK

KUALA KANGSAR

ТОКОНАМА

ECALA LUMPUR

FLIPING

ZANEQANOA

and

Canton

Djibouti

Hong Kong Quinhen

Saigon Mangtze Shanghai Nam Dinh . Singapore Numea,

Thành

one's finger on

General

Fort-Bayard Papeete

Haiphong

Bankow Harol

PENANG

BANGOON

RAN PRANCIO

Foreign Exchange

Banking busincas transacted.

Current Accounts opened and Fix

ed Deposits received for one year or shorter periods at rates which 'will be quoted on application.

J. STUART,

BALGON

CHANGE..

SINGAPORE

BOUBABATA

BUNGEI PATA NI TIENTSIN

TOKIO

Manager. Hong Kong, 17th August, 1931,

TSINGTAO YOKOHAMA

Cherren Accounts opened ju Love Curren and Fixed Deposite received toe ane your or abort periods in Looel Carreary sué Übering un berms which will be quoted su applionilan.

Kg Kong. 29th February, 1901,

HONG KONG SAVINGS BANK.

The Bules of the above Bank te'conducš- by the IXONG KONG AND BHANGHAI Bulas may be BANKING CORPORATION.

baland on application.

POR THE HONGKONG AND SHANGHAI

BANKING CORPORATION.

V, K. ORAYBURN,

Hong Kong, 15th July, 1980.

Chief Manager.

THE BANK OF CHINA. 行銀國中

Beorganised October 26, 1928, under

special charter of The National Gov- crament a 31

INTERNATIONAL EXCHANCE

BANK.

Subscribed Capital ....$25,000,000.00 Paid-Up Capital .......$24,710,200.00 Reservo Funds ....$ 8,820,803.32

HEAD OFFICE: SHANGHAL

HONG KONG DRANCH: 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 ear clients special facilities for domestic and foreign banking and exchanges.

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

"SHOU J. CHEN,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY;

BANKEBB

Established 1854. Hong Kong for!--il, Queen's Hood Canaral

Authorised Caplisi m... Builders 148,000,000- £29,330,000.) Pall-Up Ompika! .......... Gelida 50,000,000 (26,000,179) Seacre Fund Grulldura · Bé,0f,006

..

Head Ofoe?—AMSTERDAM" Baslern Band OBəs :—BATAVIA.

LINA NOURS 10 Sundjermala," Bandongg“, Bombay,

Caloutta, Charlbon, Dlamber. Diak jakaria", Tha Hagan', Jadisk, Erbe, Kola-Ražļa, Makamaz, Madan. Pačanj

Palembang Pekalongan Penang

Pontianak, Bangoon, Bollardam” Semarang Bhanghai, Bibolg

Singapore Bourbain Boerskaria (Solo), Tegal, Tjilajas soá Waiterradan

* Thess offcam kava ske dipostă doma in lak. London Banks ---Nasional Provincial Bank Lek Correspondetin all over the world

Banking busina vy description Arananciad,

A. STOKKINK

Hong Kong, 10th Augusk. 1300,

Tientaln

Faking ΤΟΤΑΠΕ Pnom-Penh Vinh

Pondichery Yunnanfu BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industrial et Commercial; So drte Generals.

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

IN NEW YORK: J. P. Morgan & Co., French American Banking Cor. 20ration; Guaranty Trust Co. of New York.

to arrangements.

Interest allowed on Current Ac counts and Fixed Deposits according Every ascription of Banking and Exchange Business transacted. Safe Deposit Boxes to let.

A. BONNAUD,

Hong Kong, 1st May, 1031.

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

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

Capital, Surplus and

Undivided Profits

U:S.$226,037,392

Branches in:-

ARGENTINE LONDON

BELGIUM

BRAZIL

MEXICO

PANAMA

PERU

PHILIPPINE

the countries with a small number

crease

is

sudden

the

and

The reduc.

duo

National Accounts In Arrears. The Finance Minister points out that export values for the early months of the year showed a do-i crease as compared with the cor- responding period of 1930, entirely to the heavy fall in prices. For May the figure-namely, $51,- 800,000 gold-reveals a slight in- crease over. the corresponding month of last year.

The Government, the Finance Minister states, hae not hesitated to face the criticisms and hardshipe which the economies put into force have necessitated. Moreover, the

cluding, a general reduction in rents of about 30 per cent,

In its efforta to reform the financial administration, the state- meat concludes, the Provisional Government has been hampered by a serious deficiency of information. The national accounts have fallen into enormous arrears, which have not yet been made up in spite of overy effort.

CLAREMONT

PRIVATE HOTEL Austin Road, Kowloon. (Facing the Kowloon Cricket Club. Four minutes from ferry by bus,)

Sultes of rooms (single and double), hat and cold water system, all modern sanitation, private bathrooms attached.

EXCLUSIVE TABLE entirely undor European management. "Hotel has a splendid aepoet in one of the finest locations in Kowloon, away from noise, yet earily accessible, Terms very moderate. Roserva- tlons by letter or cable.

CLAREMONT

Tela: 67389 & $7986 (Private). Telegraphic Add.: "Fern" H.K. Our motto is "SERVICE."

GET Frères

PIPPERMINT The Queen

Cremed Menthe

Ka excelent digestivtalanmač j

The most refreshing

long drink when

taken with

Soda Water

Distilled at Rever. (HuGaronne).France by GET Evères since 1256,

currency is at fault, and not from withdrawal of gold due to the high added, continues to make itself ap this angle can the dire distress in short-termed foreign debts lies like parent, while, at the same time.

exports are improving. which not only. the German nation a heavy cloud over economic life.

Since the statement was prepared It is the In order to show the true aspect of the figures for May have become is plunged, be remedied. distribution of gold all over the things in all their gravity it is available. The inclusion of these world which is at fault. And this pointed out that the slight revival brings. the favourable trade balance wrong distribution is not based on of economic life in Germany with for the five months to $20,000,000 drawbacks of the currency; but is in the last few weeks does not ex-gold, against a corresponding deficit. due to occurrences of another and ceed the habitual measure at this of $28,000,000 gold,

season, and that, as concerns the chiefly political nature.

Important Capital Markets. reduction of unemployment, the Te mention but a few figures of revival is slighter even than last the most important money and year. The latter ofreumstance was capital markets: in Germany from not unexpected, and, no doubt, is the end of 1913 to the end of 1980 partly connected with the weather. the gold assets available for cur-The circulation of means, of pay rency purposes and calculated per ment, which after a habitual drop head of the population, has dropped in January, used formerly to in- from 64 to 36 "Reichemark" in the

towards February same period in Great Britain from March does not, hitherto show the 98 to 66 marks. In France on the customary rising trend. other hand, this gold prize has However wrong it would be to risen from 150 to 214 marks and in raise false hopes, we may, never the United States from 86 to 11 theless on the other hand say, that "Reichsmark," Thus France, cal evidently in important branches of culated per capitem of the popula-economic re consumption, for tion, possesses by far the greatest some time has been covered from duced by voluntary sacrifices, in- costs of production have been re- gold reserves of all countries of the "stock-in-trade without the the globe. The French quota per necessity of replenishing this head at the end of 1980 amounted stock to any notable extent. When to six times the German one while this stock will be exhausted one can before the War It had only been reckon with a gradual relief of the tivo and a quarter times as much crisis by orders placed for these as the German 'quota. Regarding commodities.

Besides this one should note that of inhabitants the gold assets of the additional distress which Gor Switzerland with 141 Reichsmark many suffers for psychological are notable. All these figures in reasons for more than six months their absolute amounts cannot be is now disappearing by degrees. compared with each other, because Confidence at home and abroad in there exist connections between the the stability of German_conditions regulations concerning the cover is growing vintbly. A reflected ing of sums in the note banks image of the improvement which which vary in 'every country. The has been developing in particular essential fact of a very far-reach- since February, is the trend of ing transference of the gold assets German' stocks at home and abroad. is. however, clearly vinced by The average rate of shares bearing these figures. `

Axed interest, at the Berfin stock

The following editorial note ap which are Large, Soft, and Natural, exchange, has nearly again reached

Artistic Finger and Marcel Waves, Oli At the recent meeting, the Treatment, Shampooing,' Henna Pack The chief causes of the trans-its maximum of last Summer. The pears in the Financial News: ference of gold assets are

the re-foreign loans alio, have been able tion in San Francisco and Spain and parations payments of Germany to make good their losses of rate chairman of the Canadian Pacific (any colour), Hair Cutting and Mani

foreshadowed Railway

further cure for Ladies and Gentlemen, Con- debt at foreign stock exchanges, also of The National City Bank of and the International war

scientious, “Artistic Work by European According

Expert, Bir. Alexander, New York (France), SA, in Paris payments. As long as these pay interest for long-termed loans in operating economies.

ments continue, it would be reason- Germany has dropped, slightly into a Montreal cable, gross, earnings able from any economic point of connection with the success of the for May showed the considerable view to originate in the countries? per cent. debenture bonds. But decline of $2,882,859; but against

natural com- of the recipients a

this somewhat calmer judgment of this reduction, net earnings were pensation of payments by import of the situation in no way dispenses $239,824 higher. Aggregate gross THE BANK OF TAIWAN, LTD, foreign stocks or long-termed in- those men who are responsible for receipts to June 21 were down by vestment of the surplus of payment the fate of Germany from under approximately $18,789,000, and this abroad, that is to say, by means of taking energetic measures, but it loas follows an aggregate decline capital exports. But this does not expresses the justfied confidence of of $48,188,492 for 1929 and 1980. ocear either, and when it does, not home and foreign cricles who trust The net decrease for the two years to a sufficient extent and in partt- that German economic life and the amounted to $18,445,798, a figure which shows substantial savings on eular it does not originate in German people who have accom- France, though I do not wish to plished such great things before, operating account. Back-Notes wound Avazge amount Jan. 15,000,000 omit mentioning certain symptoms during and after the War will also The Company offers to intending JAPAN-Toy Tokohama, Lobe, Osaka, BRANCHER AND AGENCIES:

of a beginning of improvement master the difficulties of the pre- Travellers the use of its "Travelers FORMOS-Ulesu, Choques" and Letters of Credit and,

Kekong, Hanto, both which started in Winter. In as far sent times.

TikTaina, as the surplus-sams are not in part world-wide services

Takao, Tamen, Toan, Halia, Talts.

destow, Canton.

THE

Manager.

CHILE CHINA COLOMBIA GUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

·AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York,

Capital Surplus Reserves

.U.S.$6,000,000 .U.S.$1,572,454 ..U.S.$1,808,209.

BRANCHES:-

- Antelar hom

Axt

Manager.

Слаков ESTANA Hamburg

Hong Kong, 5th March, 1981.

THE BANK OF CANTON, LTD,

Eatablished 1912.

1

Head Once-Hong Kong.

Bal

Barkla

Barrile

Dorabay

Dramele Boscos e

Jerusalem

Lide Loodos Liverpool

*****

Commandopla Monte Carlo

Calza Caloctia Ска Colombe

Cop

Lascon

་

Lugins

Harsalla

8,665,400 1,100,000

Hablemond Ospital (ILE, Durranay) $11,000,000 Cold-Up Capili

Mowers Fund in

BRAKORES

Canion, Shangåal,

Bankow.

Munio Montenu

#lan

Bagles -Pics-oca

Puria Aurang

Peking Filarmon

Botterdam

Беде

Shanghai douthamptat, Fingapore 8. Koris

Tisalata

Vienza

Trains

Yokoba

Burloh

Edinburgh Florence Oth

Branches of American Express walow,Company in Principal cities of Unit-

ed States of America and Canada.

Bangkok, Yew York and Box Framelios,

DORRESPONDENTS

LONDON BANKERSTM---

The Ely's Back, Filled.

In si principal slides of the World.

Piga lange and banking Sunkowe of wwwcy description iransacted.

Bade Depants Boxes (various shoes) ́så u poszły

restað ef from $5 to $4.

LOOK POONG SHAN, -

Chief Manager.

All classes of Commercial Banking Transactions undertaken..

Personal investmont

handled.

accounts

ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bill of Exchange and Cable Transfora bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- sign currencies taken at rate; that may be ascertained on application to the Bank,

We are also able to offer our Gue-

tomers the services of the Branches

of the International Banking Corpora-

and Nico.

F. MED. COUBTNLY,

Hong Kong, June 16, 1931.

(TAIWAN GINKO.)'

Manager.

HEAD OFFICE:-Taipeh, Formosa

Incorporated by Special Imperial Charter, 1899.

Central Back in Formazen

THE YOKOHAMA SPECIE BANK, of it thoroughly equine e O CHA Skaoghal. Hankow. Amoy Foooo

LIMITED.

Established 1980.

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

Yen 115,000,000

Head Office:--YOKOKAMA.

Branches and Agencies, uti

Warandelas

Bateria

Berlin

Bombay

Calcutta

Canton

Changchun

Dairen (Daloy)

Hamburg

Haskow

Nagasakḍ

Nagoya

Newchwanz

New York

Osaka

Parla

Pelping Rangoon

Fongtian (Mukden) Rio de Janeiro

Fun. Tong Honolulu

Karschl

A Los Angeles

San Francisco.

*Seattle

자

Shimonoreld

Singapore

Soarabaya

Bydney Tientsin

Tokyo Tsingtan Interest "allowed on Curres!

Depoata received for fixed periods at eaten to be obtained on application.

Hong Kong 18th July, 19812

partment.

Afiliated with

THE CHASE NATIONAL BANK Resources Over $2,600,000,000

C. H. BENSON,

General Manager.

Compensation of Payments.

The

wandering around the money mar- ENGLISH PARASITES OTHER Song, Bingapors, Bossbars, kets of the whole world, as short- Balatia, Boby. Galoutta, termed loans the compensation will Leadon, New York, Defres

LONDON BANKERS; The Louisa County Westminster and Pary's Bank, be achieved chiefly by gold imports.

*The Bank has Corrsapandante in ski the principe! Commercial Decrose throughout, the world,

E. BAGUIL

BRANCH:

HONG HONG DONE Bond Unnual,

Hong Kong, 1948 January, 192

THE BANK OF EAST ASIA,

Established 1918,

HEAD OFFICE:

10, Des Voeux Road, Central, HONG KONG

Capital and Surplus

Total Resources

Manager.

LTD.

Cover HI 8,000,000,00

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 Agencies all over the world,

KAN TONG PO,

Chief Manager.

At a time when the whole world,

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE :

18, Groschrok Street, London, 2.0.2

.£3,000,000 1,800,000 1.060,000 Reserve Fund and Rest 1,666,845,

·BANKERS + The Bank of England & Midland Bank, Ltd. BRANCHES: Bangkok Ipola

Authorised Capital

Subscribed Capital, Paid-up Capital

MARINEZ

Panang Bacabar

Fort Loa Calpusis) Ella Bhara dAA (Mauritius) Colombe

Kuala Kralje

Langoon Delhi

Euala Lipis Shaanhal Hong Kong Kuncian (Fahong) | Bingapore Howeshaji Mačena mangsa Bourabaya

HONG KONG BEANIE Erery deoription of Banking and Rushings bust Travellers Obernas, Jernadet

Trustee and recatorships ander takenden

© INTRORST (Ullowed on: Damerà: Locrente) and Fixed Deposits at Enies that may be macerated on spplication. APRANGAN

C.L SANDES

The Manager,

"Quinoa Bond, Dazienki Hong Kong, 2012 April;:1081

Effort to Save Valuable

Canadian Forests.

..

"

CANADIAN PACIFIC

EARNINGS.

Operating. Economies

to Be Introduced.

For the finst four months of the current year, expenditure was lessened by $4,976,561 as compared with the corresponding period of 1980; and as the result of salary reductions and short-time working Inaugurated at the beginning of May, the wage and salaries bill is

ALEXANDER INSTITUT

DE BEAUTE

Phone 25169, Pedder Buliding (1st Floor)

Opposite Entrance to

Hong Kong Hotel.

Lustrous Oil Permanent Hair Waves

CHARGES MODERATE,

A VISIT WILL CONVINCE YOU.

PHOTO - SUPPLIES

Kodaks and Cameras, Films, Plates and Papers, etc. Developing, Printing and: Enlarging.m ZIESS and BUSCH FIELD GLASSES

Price Moderate.

A Trial Order is Solicited.

A. SEK & CO.

Tel. No: 28459. 26A, Des Voeux Road, C.

: Hong Kong,

estimated to be reduced by between 10 and 11 per cent. This additional economy should be borne in mind Ten thousand specimens of the when studying the weekly retures, mesolelus tenthredinia Morley, the which relate only to gross earnings. parasite which preys on the larch Incidentally, if the Canadian ¶¶¶¶ƒ...ƒÐ¿¶¶¶¶ ease bearer, itself a parasite, are Pacific can regularly publish"month" being shipped by the Canadian Na- by not revenue figuren, it seems tional Express from the Ento difficult to understand why the mological Laboratory at Farnham Home Railways refuse to give their Royal to Canada. They are the stockholders eveti a half-yearly net advance guard of an army of statement. 100,000. Sametime ago the larch

COASTWISE

"ALGIE. BENNETT.

An interesting book of Cartoons depicting "Happenings on the China Coast

PRICE $1.00.

[or tamarackforesta of Canada, larch case bearer were therefore from the Atlantic Ocean to the placed in several stations in the Great Lakes, were attacked by the Spruce Woods National Forest and. larch case bearer, which killed the the Ridings Mountains National grostor part of the trees by eating Forest in Manitoba. Recently it their leaves. The pest then spread was discovered that the larch in westward, north of the prairies and these forests were recovering their Into Northern British Columbia. normal health, and that the larch

As the larch case bearer probably case bearer larvae were heavily Now on sale at came originally from Europe it diminished in numbers; The au occurred to the Canadian authorities therefore decided on the thorities that the pests might be present importations of the para controlled by the importation of the site, and it le hoped that they will larch case bearer's European help to save a new erop of lanch parasite, mesoleius tenthredinis which is now reaching commercial -Morley. Parastised cocoons of the size

BREWERS

WHITEAWAY, LAIDLAW EXCELSIOR BOOK STORE,

and at the Publishers kan

The Newspaper Enterprise, Led. Chine Mail Building: