1931-09-08 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Antborient Captial menaun

Forved sai Tally Paid-up or gin:100,004 Reserva Proda 1--

Bertigo

Blingee.

2 1,100,000 §32,000,000

Baseres Llah (dy al Propriators .............. $50,000,000 * HEAD SPICE: HONG KONG,

BOARD OF DIRECTORS:—

Hoo. Mr. 0.0, 8. Markla. *

Chaleman.

Ston. Mr. J. J. Paton, Deputy Chairman.

TR, Mt. '*. H. Bell, T. I Pinzon, Hug A. Corspion, Esq. J. A. Plummer, Bay

Landse Lewis, Log. T. H, K. Bhaw, Hey.

3. Make, Mor

AMƏT

SANGIZOR

MATAVIA

MOKRAT

J. P. Warren Weg- Ohla! Kangur.

.3. M. Orsybum. Mag.

CALOUTTA

ПАНТОН

KİR 2700

ODLUMBO DAUERN FOONG

HAIPHONG

VAKBUSO

HANKOW МАДЛЕН

FORIKEW

LLULO

SPOR

ZURUME

KOES

OWLOON

(BRANCHES :---

KUALA LUMPUR

LONDON

LJONG

MAX&COA

MANILA

MUAB (Johara)

MUXDEX

NEW JOKE

PKIPING

FENANO

DANGOON

BAIGON

SAN FRANCI»O»

SHANGHA

BINGAPORE

B01BABAYA

SUNGKI PATANI

TIENT IN

TOKYO

THINÚTAO

* YOKOHAMA

Carrous Acount opened in Local Oursary and send repulte received fur our just or shorts paciots in Lost Oureaney and king am berson which will be quoted an appliosilom. Hong Kong. 28th February, 1001,

HONG KONG SAVINGS BANK.

The Burbs of the shore Bach in com.duat by the HONG KONG AND BHANOMAI MAKKING CORPORATION. Bale may abisland co application."

FOR THE HONGKONG AND BHANGHAI BANKING CORPORATION.

Y. M. CHAYBURN,

Hong Kong, 16th July, 1980,

Chist ManSEM.

THE BANK OF CHINA. 行气國中

Reorganised October 26, 1928, under

special charter of The National Gov- ernment an

INTERNATIONAL EXCHANGE

Subscribed Capital....$26,000,000.00

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

THE CHINA

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

Branches, Agencies and Conreapon. dants in the principal cities of the world.

.8,000,000

Paid-up Capital

H

4,000,000

Reserve Liabilities

HEAD OFFICE: LONDON.

Paid-up Capital

of Stareholders Surplus

4,000,000

2,087,000

Reservo Fund

Reserve Llability of Pro-

prietors

£3,000,000 $1,000,000

£3,000,000

Agencies and Branches:

:

ALOR STAN

KUCHING

MADRAS

MANILA

MEDAN

AMRITSAR

BANGIUE

DATAVIA

DALOUITA JANTON CAWNPORE CLAU

COLOMED DAILEN

DELHI

HAIPHONG

HAMBURG

KANIOW

HARBIN

RONO KOW

KAILO

IPOH

NEW YORK

PEPING (Pekings

PENANG RANDOON

BATUON

SEMARANG

SEREMBAN

SHANGHAI

BINGAPOBA

NITIAWAN

BOURABAYA

TAIPING

TIK518IN

KARACHI

TUKTO

FLANG

TONGKAH (aukat)

THINGIAO

KUALA KANGSAR

YOKOHAMA

KUSE

KUALA LUMPITS

ZAMEDANGA-

Foreign Exchange and General

Banking business transacted.

Current Accounts opened zad Fix ed Depoalts received for one year or rates which will shorter perioda

be quoted on application.

Manager.

J. STUART,

Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

DANKENA

Established 1894

SongKong flow:-3), Queen's Bodenwal

Quilders 180,500,000- Alkorland Capital

Paid-up Caplis

Kasarve Pan

(£11,050,000.5 Galiders 30,000,000 (45,500,170) Quilders" 40,13 18,000

[43,434,500

Eload Dior:AMSTERDAM- Lavier Hand Deo:-BATAVIA.

ABANGERS - Bandjarmasin, Bandowng“, Bombay,

Calpatie, Charbon, Djember, Dizi Jakarta, The Hague", Jeddah, Kabe, Krim-lindja, Makassar, Madan, Padang Palembang. Pekalongan, PEDADE. Pontianak, Sangoon, Botterdam", Samarang Shanghai, Albolgi Blagapore (Bastrak

Sveinsda Boerakarta (Bola), Togai. Tiilano saŭ Weltevredan":

• These flow kare,sala deposit boxes to let Landon Bankara:-NaUonal Provincial Bank Ind.

Correspondante all over the world

Banking business of every

description treasoned.

L. STOKKINT

BANK.

Pak-Up Capital

....$ 8,820,503,82

Bong Kong, 18) Auguri. 1901,

Reserve Funds

.....$24,710,200.00

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

4 Queen's Road Central

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

We also handle the issue of Bonds and other Public Funds of the Chin ́ézs Government both at home and

abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1981.

TAL

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

BRANCHES: Bangkok "Hong Kong Quinhen

Saigon Battambang Hue

Mengtze Shanghai Canton

Nam Dinh Singapore Djibouti Numaa

Thanh Tientzia Fort-Bayard Papeete Haiphong Peking

Taura.ne Pauz-Panh Vỉnh Hankow Hanol Pondichery Yunnanta

BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pay-Ba Credit Industrial et Commercial; So

ce Generale.

MAIL.

Commerce and

Finance

PNEUMATIC TYRES FOR TRAINS.

French Invention Stands Test.

SILENT SPEED.

Actually I rode in two trains, one which Was driven by M. Marce Michelin, son of the famous inven

BUYING BRITISH.

Badges for Patriotic Purchasers.

TUESDAY, SEPTEMBER 8, 1931.

ANALOGIES IN SLUMPS

FOUND.

Comparison of Periods of 1878-95 & 1914-31.

RISE THOUGHT NEAR.

Washington, July 17.

If history repeats itself the busi- neas depression soon will relinquish- its grip on the country.

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 sanitation, 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

To persuade purchasers to wear The economics bureau in the a badge which indicates to shop. Agriculture Department said to-day keepers that they wish to be shown it had found, in tracing similarities British goods as a first choice, and in past business depressions, that to induce salesmen to display a the fluctuations in the perioda 1878- 16, Boulevard Haussmann, Paris. I have been travelling at a speed similar token on their premises, is 1896 and 1914-1991 were analogous. Subscribed Capital'.Fra 12,000,000.00 of eighty miles an hour in a train the latest scheme of the British Em Thus, it added, a rovival of business Paid-Up Capital. Fr. 68,400,000.00 atted with pneumatle tyres, writes ployment Providers' League In its in the near future is indicated,

From a low of 80 per cent. In Reserve Funds Fra.102,000,000.00 H. J. Grenwall, Dally Express Spe-campaign to stimulate British trade.

The League also seeks to in- June 1894, business rose to about cial Correspondent. The peasants fluence the spending by customers 28 in. January, 1895, the bureau in the cornfields staggered back of 6d. a week on Britiah instead of said. In the next quarter, it added, with surprise to see our curious foreign goods, which it la computed a decline dropped the index to looking train, like an airplane on would mean about £45,000,000 a slightly below 90, but a rise follow- wheels, dashing along the single]

that would provide employed, bringing business to about 106 year track railway line. The experiment

ment at British rates of wages for in the Autumn of 1895. was a consummation of two`years')

A low of 71 was recorded in Janu- hard work in secret by a group of quarter of a million of the un-

employed.

(ary in the present depression, The Franch engineers in the Michelin

in furtherance of these aims a indicator went to 77 in the first works.

meeting was held at Buckingham quarter of this year, but the chart Hall, London, at which Sir Robert for the second quarter is incom- Horne, M.P., stated that unless we plete.. got customers for our own manu- Comparing the chart for the 1858- IN LONDON: The Nations! Provin-tor. First train rode ai a speed of

factured goods Britain would 1877 period with the 1914-1931 & Union Bank of England, Ltd.;fifty miles an hour and carried undoubtedly suffer disaster. Since perfod, the bureau said striking Comptoir National d'Escompte de

twenty four passengers, while the we had been excluded from foreign similarities stood out. Parz, Credit Lyonnais.

IN NEW YORK; J. F. Morgan Recond-the faster of the two-markets we had been saved only by Co., French American Banking Correached a speed of eighty miles on the extent to which our Dominions poracion; Guaranty Trust Co. of New hour and carried fourteen passen and Colonies had been buying from York

gero.

Both trains rode as smoothly as Interest allowed on Currant Accould be; there was practically no bought from France that country For every 20 worth of goods we counts and Fixed Deposita according to arrangementa,

noise, and we could carry on con- only bought 10s worth from us. "Eight years later, after periods Every description of Banking and versations in modulated tonos France bought as much as we marked by recoveries and minor re- INSTITUT Exchange Business transacted. The slower train had ten wheels did from her, we should have 200,- cessions, industrial booms develop-

Safe Deposit Boxes to let.

Both are per 000 more of our own people em- ed, one in 1873, the other in 1929.

DE BEAUTE A. BONNAUD,

ployed. If America did the same The depression following 1878 last"| The wheels are mounted with we should have a million more em-ed for about five years, when the tiong Kong, 1st May, 1981.

The destinies of Britain, boom of 1879-1880 set in. The cur

upon the rent dépression has been on for a

with year and a half.

Lustrous Oil Permanent Hair Waver "During the two post-war periods, which are Large, Soft and Natural, commodity prices declined from a Artistic Finger and Marcel Waves, Oll level of about 240 to 120 in about 10 Treatment, Shampooing. Henna Pack years. The post-Civil War decline (any colour), Hair Cutting and Mani- was fairly continuous. The post scientious, Artistic Work by European cure for Ladies and Gentlemen. Con- World War decline was interrupted Expert, Mr. Alexander. by a period of relative stability

Manager.

and the faster six. fectly comfortable.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York

ordinary pneumatic tyres.

Both

3.

ployed. had a steel flange on the inner side. he said, depended Inside the pneumatic tyre there is uniting of our interests a wooden hoop which prevents the those young and virile nations pro- tyre falling out when a puncture pled by our own stock.

When the train was tra occurs. velling

of at a speed fifty miles an hour,

a tyre was. pur Captividad Pruste. U.3.$226,087,392 posely punctured, but nothing hap

pened and the train kept on.

This revolution in rallway tra velling took place on a very bad We ran over a stretch of track. amall piece of rock, but it did not bother the train at all..

Surplus and

Branches in

ARGENTINE LONDON

Mast

4

A

BELGIUM BRAZIL CHILE CHINA COLOMBIA CUBA

PORTO RICO · DOMINICAN STRAITS

MEXICO

PANAMA

PERU

PHILIPPINE ISLANDS

REPUBLIC

INDIA ITALY. JAPAN

SETTLEMENTS URUGUAY VENEZUELA

I

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York.

.U.S.$6,000,000 U.S.$1,572,454 U.S.$1,008,209

"Enormous war-time price infla- tion gave way to deflation," it add- ed, "that of 1864-65 being accom- panied by a business depression in

pression in 1921. 1865, and that of 1920-1921 by a de

Sir Gilbert Vyle said it was lamentable fact that foreign goods were offered for sale when for the same quality and price there was a British equivalent. Within five days of issue, he said, over 7,000 from 1922 to 1929." people ware wearing the League's badge.

AFRICAN STEEL INDUSTRY.

The bureau added the 1914-1931) period fluctuations compared with Admiral Mark Kerr, who pre- those of 1878-1896 Indicating simi- sided, said some shopkeepers had

lar conditions, been known to sell New Zealand Low Running Costs. The pneumaple-tyred train was butter and Australian bacon under invented for several seasons, but the guise of it being Danish, be- principally because about two years cause they had run out of the foreign ago the French rallways faced a product. The Dominion goods were Commercial and Travellers' Letters serious deficit caused chiefly by the superior in quality to those from

Cheques, Bill of Credit, Travellers'

Bexploitation of branch lines on Denmark, and he 'condemned such of Exchange and Cable Transfers which trains are slow and infre a practice as wickedly dishonest.

Current accounta bought and sold. and Savings Bank accounts opened quent. and Fixed Deposits in local and for olga carrencies taken at rates that way to run more trains at a much may be ascertained on application to lower cost. The trains in which I

the Bink.

The new invention enables a rail)

We are also able to offer our Cuerode-consume a galon of petrol for tomers the services of the Branches fourteen and a half miles.

In formed that

Capital Surplus Beserves

Manager.

Amatardam Antwerp

Athena Earle

Bacin

BRANCHES

Ganos Mangow Ravana Hamburg HATTL

Blareita

Bombaz

Bremai

Interakia Jerusale Lido Loodsa

Xior Haples Pirnaca Farkı

Peking Palerme Rotunda Bom

of the International Banking Carpors;

Boston Alemm

Cairo Osoite Canam Galamba

Ivespool Luverne Lugiso Lexa

Stambol

Marillis Moan terio

THE BANK OF CANTON, LTD. Batablished 1912.

Head Office:-Hong Kong.

Authorised: Capital · (X,X. Currency) #11,000,000 Paid-Up Capital »

Zoncio Find essentiamnum

BRANCHES —

Vonstantinople

Ooparkage Edinburgh Flores

Char 1,100,000

Branches

Manila

Munkh

Monious

Allies

المسطح معكة

custo

Buppor

Marim Tiantain Ylazna

IDROCA

المحلية

of American Express Company in Rrincipal cities of Unit- Burgerak, Mary Zork and fax Fermioned States of America sad Canada.

Denton Shanghal Bank

"CORRESPONDZETA

LONDON BANKERS (-

The Lloyd's Back, Limited,

alties of the Warid

Sasil,acionlpel Depend banking -busluve, at

descriptions traumeted,

Deposit Benes (uurious sluse) x) = remely

sal al from $3 to $40.

-LOOK POONG SHAN,

Chief Manger

All classes of Commercial Banking Transactions undertaken.

Personat.. investment handled:

accounta

The Company offers to intending Travellers the use of its "Travelers | Cheques and Lattors of Credit and, THE YOKOHAMA SPECIE BANE, in addition, the world-wide servitor

LIMITED.

Established 1880:

Castiai (fully paid-up) Yen 100,000,000 Yen 115,000,000

Boscow Fund

Head Offices-YOKOHAMA.

Branches and Agencies at:

taria

Nagasaki

Nagoya

Newchwang

New York

of its thoroughly equipped Travel De

partment.

Affiliated with

THE CHASE NATIONAL BANK Besources..Over 'C$2,500,000,000

C. EL BENSON,

General Manager.

I

an

several tion in San Francisco and Spain and French lines are now negotiating also of The National City Bank of New York (France), SA, in Paris for the pneumatic tyre system.

The general idea, apart from em-

and Nico.

F. MED. COURTNEY,

Manager. Hong Kong, June 14, 1981.

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

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Cattral Bank in Pormons. Bank-Notes beued. Árange amount ...Yen. 65,000,000 BRANCHES AND 'AORMCIES ›

JAPAN-Tokyo, Yokohama, Kol, Omica, FORMOSA : Dirka

shanah

Keabine

Making, Nanto, Hinnakiku, Takan, Tamaul, Town, Halló, Talk, CHINA +- Bhangħaly, Frankow, śmy, Frockow,

Salow. Olde OTHER:Hong Kong Singapore,

Bamserangan, Batavia, Bombay. London, New York, Deiras.

LONDON BARKERS |

Bob

Catat

The London County Woimista and Far's East. The Back has Gorrepondanin in all the rip Comel niewy, ihroughout the world.

· L. NAGUNA.

Мазари. 8. Doe Jax Road Central.. Kong Hong-1941 January, 199

3

HONG KONG BRANOH1

CHEAPER TELEPHONES.

New Scales For Next

Quarter.

£230,000 Orders Given To Britain.

A

The placing of contracts for the complete electrical equipment of the steel-smelting shop and rolling mis at the new works at Pretoria of the South African Iron and Steel Cor- poration, is announced in the cur- rent issue of Modern Transport..

One of value approaching £130,000 has been placed with the Mr. Attlee (the Postmaster-British Electric Co., Ltd., of Staf- General) announced in

the House ford. The second contract, of a ploying them on branch lines, is of Commons recently the following value approximately $100,000, bas to instal them on the de luxe trains reductions in telephone charges, to been awarded to the Asen Electric Ltd., of Chancery Lane, WC., and such as run from Paris to Deauville, take effect from October 1 next.

Residence Lines-Internal ex-

по fewer than .600 comprises tensions, without inter-commuul- motors, totalling 10,000 h.p. cation, from 68 to 48. a quarter. Both ordare have been placed by

Internal extensions with

Dorman, Long and Co., Ltd., the înter-communication, 98 to Bs main contractors. per quarter.

where, instead of running only three trains a day It will be possible to run a train carrying twenty-four passengers every ten minutes.

POPULARITY OF "KEYSTONE" WINES.

In the course of his address to the shareholdens of Stephen Smith and Co., Ltd., at the thirty-fourth annual general meeting held in London recently, Mr. Edwin King, F.C.LS. (chairman and managing director) said:

success

The efforts which we have made during the year, however, would not have brought about the which is reflected in the accounts if the quality and value of our goods were not outstanding. I can assure you that the reputation of our big range of Keystone Wines and of Hall's Wine, the Supreme Tonle Restorative, is second to

Business Lines. Non-inter- communicating extensions, 8a fó 68 per quarter.

Large Installations, Instead

of the present flat rate of 0s peri quarter the following scale will apply:

CHEMICAL WORKERS.

New National Wages.

The National Union of Drug and Fint 50, extensions, s a Chemical Workers announce that a quarter per extension.

. quarter per extension.

Tels.: 67989 &.57385 (Private). Telegraphic Add.: "Fern" H.K. Our motto is “SERVICE."

ALEXANDER

Phone 25169.

Pedder, Building (1st Floor)

Opposite Entrance to

Hong Kong Hotel.

CHARGES MODERATE.

A VISIT WILL CONVINCE. YOU.

AN INTRODUCTORY HISTORY by

A. H. CROOK,, O.B.E, MA. W. KAY, 'M.A.

W. L HANDYSIDE, K.A., B.8. PRICE $2.00.

NOW ON SALE AT THE PUBLISHERS.

The Newspaper Enterprise Ltd. China Mall Offices..

STANDARD TIMES.

Sunrise and Sunset in Colony.

Sunrise and Sunset In Bang Kong for September, 1981, Stan- dard time of the 120th Meridian East of Greenwich)

as fol.

are

Sunrise Sunset

a.m. 3.01.

6.08.

6.34

September

8

6.08 6.38

10

0.0B. 6.82

100,

to

be made in the charges for long- distance private telephone circuits.

Additional extensions beyond 63 per quarter per extension. Substantial redugtlors are also

Chemical Manufacturers Association Next. 200 extensions, 78. a and the Union that will regulate, quarter per extension.

until further notice, wages and con- ditions of 20,000 male and female

new agreement has been arrived at Next 150 extensions, 83. a between the Drug and

11

6.08

6.31

Fine

12

6.08

6.30

13

6.09

6.29

14

6.09

6.28

16

0.10

6.28

36

6.10

6.27

workers.

17

0.11

6.26

The wages per week operating under the agreement are:

18

6.11 8:28

19

611 6.24

допе

that he proposed also to modify the Women-Grade 1, 54s.; Grade 2,

telephone agree- 288. 6d: These wines are indeed superior to conditions of

Men Grade 1, 60s.; Grade. 2, The Postmaster-General added 558.; Grade 3, 508.

20

811

6.28

21

8.71

8.22

22

6.12

6.21

23

6.12 6.20

24

€126.19

25

*8.12 · 6.17

UNCLAIMED TELEGRAMS.

.26

€18%

6.17

27

6.18

6.16

29

6:14

6.15

·6.146.14 6.14

6.18.

*

THE BANK OF EAST ASIA, LTD. most of the popular wines on the ments so as to allow notice of

Osaka

Paris

· Changchun

Peiping

(Dalny)

Rangoon

Ban Francisco

Seattle treatmen

Capital and Surplus

Lien CMukden) Rio de Janeiro

Hankow Best

Karbin

Kat Yuen

Semarang Shanghai Shimonosek! Singapore je Bourabaya

for fixed:

Established 1918,

HEAD OFFICE:

10, Des Voeux Road, Central. TẠI HONG KONG.

Total Resources

over H.$ 8,000,000.00 over H.$30,000,000.00

bachEvery description of Banking and Exchange business.

transacted.

Current and Fixed Deposit Accounts in local-and for-

currencies opened for clients were (zala je kaTAN Carl Savings Account and Safe Deposit: Bokos.

Branches and Agencies all over the world,

KAN TONG PO

Wchief Manager

the

market. I believe that, in spite of termination to become effective misguided efforts of the three months after the date on enemies of our trade, the public is which it is given.

that good beginning to realise sound beverage wines are neither, an evil nor a luxery, but are a necessary factor in the economy of the human system.

**GERMANY'S NEW COINS.

Reported Purchases of Silver From pore,

United States.

The following unclaimed tele grams are lying at the E.E. Tele graph Co. Office. Hong FƏLS THAN Ballard Macdonald, from Singa It is being increasing recognised

Moore Peninsular, from Tien- that soundwines, have a great

tain. dietetio value, alding health by im-

National Light Trading Co., 8. proving digestion and tending to a brighter outlook on Hie and things bullion merchants, have ordered Bonham. Strand East, ist floor, In general. In times like the pre substantial quantities of the metal from Pusing! went anything which will banlah deze presumably in conuestion Steele, Feninsular, from Shang- pression and induce a sense of com-with the German, Government's den 8. LACK, fort and well-being must be welcision to mint 20,000,000 of new

coins

come to Reye

It

reported that German

o

hal.

Menager

Hong Kong, September 8, 1981

RELIABLE PRINTING

no order 100 small