1931-09-09 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION. .

Auskertood Ousital

Lama and Pully hidez - 63,000,000 Seserve Funds 20-

Berling, £ 0,500,000 Mi... $14,000,000, Besaces Llad day at Proposalore W30,100,000

HEAD WFFICE HONG KONG.

BOARD OF DIRECTORS:— Hon. Mr. 00. A. 'Macinia. Oatman

Hon. Mr. J. 2, Palaceno, Bepul Obalram.

How Mew, H. Bali, V. Euro, Dig

A Compoo, Fag. 1. Muscar. They.

B. Lazlar Leria. Zg. T. 1. 2. Shaw, Hig.

6. Miskia, Ra.

AMOT

BANGKOK

MATAVZA

BOMBAY

1. P. Warren. Eng.

'Oh Manager.

V. M. Grayburn. Bon.

BALOUTTA

BRANCHES :---

LONDON

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

HEAD OFFICE; LONDON..

Paid-up Capital

.£3,000,000 £4,000,000

.£3,000,000

Reserve Fund.

Reserve Liability of Pro-

prietor

Agencies and Branches:

CUCHINO

AMETHAD

MADRAS

"MANIZA

WEDAN

ALOB STAR.

BANGKOK BATAVIA

BOXDAY

CALGUITA CANTON CAWAPORE Cenu COLOMBO DAIAEN

DELHI

HAIPHONG

HAMBURG

ПАНКОМ

HARBIN

TUNG RONG

KARACHI

NEW YORK!

PÉPINO (PSK|ng) PENANG

BANDDON

J

JAIGON

SEMARANG

SEREMBAN

MANGIAI- SINGAPORE

TIAWAN

WURABATA

TAIPING

TIEN18IN

TONOKAR (si)

LIONE

MALACOL

ILOILO

MANILA

IPOR

NOAB (fshore)

ELANG

CANTON

MORDEN

UKEYCO.

NEW YORK

KUALA KANGSAX.

COLOMBO

PRIPING

KUALA LUMP

ZAMBOANGA

Foreign

Exchange

DAIHEN MOCHOW

HAIPHONG

HAMBURG

HANKOW

GARBIN

HONGIEW

ILOILO

LYON

FULTON

Ков

KOWLOOM

RCALA LUMPA

PENANG

BANGOON

BAIGON

BAN FRANOESO

SEANOR

SINGAPORE

ROUBABAZA

BUNGE PATINI

TIENT IN

TOEYO

THINGTAD

YOKOHAMA

Current son's speed in

snd Need Depole tealvad toe

seral Cartoney

JAP

serier perioda in lol Currency and Serbang herine which will be youted on application.

Hong Kong, Bath February, 18t.

HONG KONG SAVINGS BANE.

The Business of the above Bank is aduba

N 5 HONG KONG AND SHANOZAI Bulee met be BANKING CORPORATION,.

sbtained on application.

FOR THE HONGKONG AND 80433 KAI

BANKING COMPOITION,

V. M. GRAYDORS,

Hong Kong. 10th July, 1993.

Chial stangaz

THE BANK OF CHINA. 行 國中

Reorganised October 26, 1928, under

special charter af The National Gov- ernment as. En

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital....$25,000,000.00-

Paid-Up Capita!

..$24,710,200.00

.$ 9,920,508.82

Reserve Funds

HRAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central..

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

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

SHOU J. CHEN,

Hong Kong, 6th March, 1981.

KONE

TRINGTAO

ТОКОНАМА

and General Banking business transacted.

Current Accounts opened and Fiz- ed Deposits received for one your or which will shorter periods at rates be quoted on applikation.

1 STUART,

Manager. Hong Kong, 17th August, 1931,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHESIANDE TRADING BOCIETI),

RANKENS. Eatablad 1994. Hong Kong Office 1-il, Queen's Boat Quir

Guilders 160,000,00 Authorised Capital

-Up Capital

Bar Pond

(4123,000, Older 60,610,00

(20,443,110) Guild=rs 40,711,60%

Isad Oos-¿MSTERDAM® Bashmen. Hend Odmı-BATAVIA.

BLANCHES 1- Bazidjarzan, Baadseng", Bamn.

Calcutta, Charbon, Djember, Eisk jukaria", The Elegua", Juddik, Xide, Kate Radļa, Jakassar, Medan, Padang Paning Palembang Pekalongan. Hontians Bangooo, Belinda Samar __ífhanghai, Sibolg

Beursbažny B, Tychap Bod!

(B),

Bourakarta (Bola), Weltevrede

• Tave done have sah deposit bazen je laž. London Beakers :-Kallosti Provincial Bant El.

Correspondente al over the world

Banking busts of every description anasated.

A. STOKEINE,

Hong Kong, 19th Augus, 1006.

THE

THE

CHINA

MAIL:

THE HO HONG BANK, LTD.

(Established 1917.)

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

Authorised Capital Strafta $20,000,000 Issued Capital.... Paid-up Capital

Reservo Liabilities

of Shareholders. Surplas .....

8,000,000

4,000,000

4

4,000,000

Commerce and Finance

WEDNESDAY, SEPTEMBER 9, 1931.

CHECKS ON POLICIES.

200,000 Over-insured Children.

Sir George Robertson, K.C., the Commission-

3,099.00 BUSINESS MEN AND civilisation and the honour of Bri- Industrial Insurance

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

Every description of Banking and Exchange business transmeted.

TAN ENG HOOL,

Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

$6, Boulevard Haussmann, Paris.

THE EMPIRE.

Lord Lloyd on the World Cruise.

COMMON ECONOMIC POLICY.

men

tish traditions to the uttermost er, estimates that 200,000 children parts of the earth. (Cheers.) are over-insured. He ascertains Lord Lloyd said the financial. in- that the average weekly total of terests of our own Dominions and deaths of children under 10 is Crown Colonies were as great, if | 1,490. The average number of not greater than, in Europe; do rases of over-insurance is fifty a much so, that it would not be ùn week. natural for them to ask in these These estimates are given in days that a similar amount of in-memorandum submitted to the De- terest should be shown in their pártmental Committee on Industrial finances as, was being shown in Insurance and Assurances of Chil- those of our European neighbours.dren under 10 years of age.

He bellaved more and more in

which At a meeting of business

The maximum amounts held in the Cannon Street Hotel, re- the principles of reciprocal trade can be assured or paid on the death cently, it was unanimously resolved with our own people rather than of a child under 10 are Halted as that a common economic polley fort with these foreign countries who follows: £6 if the child dies under thought that open credits in Brl 3 years of age; £10 if the child dies the Empire should be adopted im- tain and closed markets in Europe under 6 years of age; £15 if theį mediately. This is to be effected were good enough for the British child dies under 10 years of age.

Empire trader. by ensuring priority in markets for Empire, producers and' manufacturers, thus promoting the prosperity and unity of the Empire. The Earl of Stradbroke presided IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; over the meeting, which was con- Banque de Paris et des Pays-Bar Credit Industriei et Commercial; 86-vened under the auspices of the tice Generale,

British Empire League.

Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Fr. 68,400,000.00 Reserve Funds ....Fra.102,000,000.00 BRANCHES: Bangkok Hong Kong Quinhon

Salgon Battambang Ke Gintho

Hengtze Shanghai Canton Kam-Dinh Singapore Djibouti Numea Thanks Fort-Bayard Papoots Tientsin Haiphong Peking Hankow

Hanoi

Touran, Fuon-Pund Vinh

Pondichery Yunnanfu BANKERS:

IN LONDON: The National Protin- cisi & Union Bank of England, Ltd.; Comptoir

National d'Escompte de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co., French American Banking Car- paration; Guaranty Trust Co. of Now York.

Sir Robert Horne, in submitting the resolution, referred to the most laudable efforts of Australia to recover amid the vicissitudes

י,

Two remedies for over-insurance Why Our Trade Suffers.

of children are proposed: (1) The Our manufactured exports had limitation of insurance to a parent fallen by 25 per cent in two years. or persun having the custody of the

(2) The France, Germany, Holland, and the child.

issuing of a United States sold us twice as much separate insurance certificate with as they allowed us to sell to them.every birth certificate. An in- Before the war we exported three surance policy would only be valid times as much iron and steel as against this certificate. we imported. To-day we imported more than we exported.

"The Government keep telling us that we suffer merely from a world crisis in common with other people.", said Lord Lloyd. "Of course there'

Government заув is not true. {Cheers.)

BIGGER AND BETTER.

which had beset it, and by es doing affording an example to the rest of a world crisis, but what the three which, together with steam

the world in making sacrifices to Interest allowed on Current Ac-effect Its reconstruction. He de counts and Fixed Deposits according plored the folly of a great many of our people who pointed the finger

arrangements,

Every description of Banking and Exchange Bulness transacted. Sate Deposit Boxes to let

A. BONNAUD,

Hong Kong, 1st May, 1981.

Manager

of scorn at Australia.

..

Before the war the Japanese im- ported into India 3,000,000 yards of cotton piece goods, to-day they we dis-imported 363,000,000 yards.

as the

The trade is being done," he deserve declared, "but we are not doing it. to do it with the We are trying world.

Wrong people, who will not let us "We are suffering not from an

do it.

He considered that if played the same courage Commonwealth we should well of our position in the

It was something of a tragedy that to-day we should only be mak- ing proposals to achieve Empire trade, for if we had had a glimmer-act of God, as the Government tell Ing of foresight, or even a modicum us, but from the folly of man."

(Loud cheers.) should al- of practical sense, we

which spent its A Government ready be realising the accomplish-time in tearing down stone after mont, at least in part of the aims Undivided Profits ..U.S.$226,027,392 underlying that policy, and be con- stone of that great frabic of Em

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Branches inp

ARGENTINE

Халасы

BELGIUM BRAZIL CHILE CHINA

COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA

ITALY

AMERICAN EXPRESS COMPANY, INC.

Head Office: 55. Broadway. New York..

Capital Surplus Reserves

.U.S.$6,000,000 U.9.$1,572,454 .U.S.$1,908,200

BRANCHES-

Manager.

Amakardans Antwerp

Ülago

HAYARI

Basin Berile

Hambur

Brastem

Brusula

Нато Interlaken Jerusalem Iida Loader.

Huron Arm

Deira

Zosim Luga LAZ Marsaliss Monte Carlo

Nina Nagles Piram Farin

Faking Fals Botlarla Boma Bian bout Ebangh Scubansi

Mania

Mundel

THE BANK OF CANTON, LTD. Established 1912.

Head Ofte:--Hong Kong. Aurland Capital (E.X. Owresay) $11,500,000 Pall-Up Ospital im

Borra Fund

BRANCHES :-

EST.806 .....1.100,000'

Centon, Enthal, Blankov, Grabow, Bangkok, Hiw York and Su Premalaco.

DORIESPONDENTS.

LONDIN BANTERO

The Lloyd's Bank, Limited.

In all gelactpai dis of the World

Foreign azap and banking blo avery acription inasacted.

Hale Deposit Boss (various luna) si i zamely

matel of from 5 to 0.

L00E PHONG SHAN,

Chief Manager

Biarrit

Botabay

Cannes Oclotibe Cossople

Copeshapes Einberg Moreton

Montre Milan

8:gspo

St. Morita

Vianna

Verica

Yokoba Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personal investment accounta handled.

The Company offers to intending Travellers the use of its "Travelora Choques" and Letters of Credit and, THE YOKOHAMA SPECIE BANK, in addition, the world-wide services of its thoroughly equipped, Travel De partment.

LIMITED.

Retablished 1880.

Affiliated with

Capital (fully paid-up) You 100,000,000 THE CHASE NATIONAL BANK

Reserve Fund

Yen 116,000,000

Head Office-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlia

Bombay

Calcutta

Canton

Changchun

Dairen (Dalny)

Nagasaki

Nagoya

Nowchwang

New York

Paris

Osaka

Peiping Rangoon

Yengtion (Muidan) Rio de Janeiro

Hamborg

Hankan

Harbia

Hong Kong.

Honolulu

Kai Yuen

Karachi

Landon

San Francisco Seattle semarang

Rebe

Los Angeles TEA

Manlis

Soorabaya.

Bydney Tientain Tokyo Taingtan! Interest allowed on Current Ae-

-Hapësits

received for fire parlode gbtained on suplication.

Hong Kong, th July 181

Resources

„Over G$2,500,000,000

L. H. BENSON,

General Maniger,

JAPAN

LONDON

MEXICO

PANAMA PERU PHILIPPINE

ISLANDS PORTO RICO

STRAINS

SETTLEMENTE

URUGUAY

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills

the Bank.

gratulating ourselves upon the mutual strength derived from its

attainment.

For twenty-five years the Domin

lons had been urging us to adopt

some such policy, but for twenty- five years we had disappointed them, and had failed the Common- wealth of nations to which we belonged.

"No Need to Envy."

If we were properly organised we

of Exchange and Cable Transfers would be in a better position than bought and sold. Current acccants any other country in the world, be- and Savings Bank accounts opened cause the British Empire was rich! and Fixed Deposits in local and for eign currencies taken at rates that in all the resources which made a may be ascertained on application to powerful State. We should have no need to envy any other country, not even the richest. In no spirit of vainglory it could be said that we had been good allies, we worthy citizens of the world, and we bad never been vindictive to our enemies.

We are sis able to offer our Cus- tomers the services of the Branches of the International Banking Corpora. tion in San Francisco and Spain and also of The National City Bank of New York (Franca), S.A., in Farlı and Nice.

F. MED. COURTNEY.

Manager. Hong Kong, June 15, 1931.

THE BANK OF TAIWAN, LID.

(TAIWAN GINKO,)

HEAD OFFICE:-Taipeh, Formosa

Incorporated by Special 'Imperial Charter, 1898.

Central Bank in Formosa,

Bank-Rote Armenge amours Tan, 44,000,000

.. BRANCHES AND AGENCIES,

JAPAN-TOTO, Yakobsms, Kobe, Danica, FORM08ACH, Keg Areato, Ening

Hakona, Ninie, Shinokka, Talo, Trican, CLINA Hankow, Amoy, Fochow,

Swatow, Caston OTTERS Kong,

Takso, Tamerly Tovo. Halla, Takkai

Blugsport,

Bombay. Semarang, Baletit, Landon, Kow. Tox, Daima,

LONDON BANKEES :

Boenbeys,

The Landon Dauty Westminster and Far's Bank The Bask ise Correspondents in all the peissiped Commardal Denies throughout the world.

I. KAGURL

Manage

HONG KONG BRANOTE:

3. De Your Boyd Central. Hong Kong, 11 January, 1919.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICES.

*10, Des Voeux Road, Central.

HONG KONG

Capital and Surplus Total Resources

were

He suggested that our neighbours on the Continent of Europe should not take too literally the description of the crumbling power of Britain which had been given recently by a perhaps too lively French author. In Europe there was a movement towards a common economic policy, which sought to break down exist- Ing internal trade barriers, and so form Europe into an economic unity. Where were we going to stand in this matter?

If we decided, which God forbid, lot with European to unite our countries, then good-bye to the Em- pire which we had built up labor- lously during all these centuries.

Surely it was our destiny to unite our

interests with those

people of our own blood, who had carried the sweetness of British

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

15. Ochurch Street. London, EC.& Authorised Capital.£3,000,000 Subscribed Capital.....

3.800,000 Paid-up Capital... 1,060,000 Reserve Fund and Rest 1,880,845 BANKERS: The Basket England & Kidland Bank. Tíð. BRANCHER

Bangkok

Betala

Ipol

Kandy

Bombay

Karach

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

Calcolla

Kota Bharu Na

Colombo Delhi

Kuala Krai

Kuala Expla

al

'Kuala Lumpur

Ków York. hoang Port Lou's

Mauritius}" RAR500 Abanghal Stinta

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 Agenoles all over the world.

KAN TONG PO,

Chief Manager.

Hoar Zone Kuantan (Palang) Bingapore Howe

Sourab

pire, which was built by better, men than they needed a long, long holi-

day.

He had no olities in this great economic, question. He urged that

they should get to work on a British policy for British people within the Empire.

then remember History would that they of this generation had the their country. courage to save (Cheers.)

aso

2800)

2750

The giant generator is one of

turbines and condensing' plant, the company is manufacturing for

large-scale machinery are making Russia, a country whose needs for

welcome customer her a

among electrical firms in these hard times, The purpose of the test is to confirm calculations and obtain data for further design. The magnitude of the test would certainly be ex- pected to provide the latter. But so far, although no machine has ever had to accomplish anything! like as much under working condi tions, there seems to be no reason for supposing that these generators cannot be made larger and stiil larger without any tions in principle or design.

radical albera-

QUALITY PRINTING WithQuick Service

THE NEWSPAPER ENTERPRISE LTD. CHIAR MAIL BLEN. NA WYNDNAM ET

Always Serve

SANDY

MAC'S

SCOTCH

WHISKY

SANDY MACDONALD

Obtainable

Everywhere.

(SANDY MAG

Sale Agents:

SPECIAL LIQUEUR

OTCH WHISKY

H.. Ruttonjee

& Son.

CLAREMONT

PRIVATE HOTEL. Austin Road. Kowloon,

Club. Four minutes from ferry Facing the Kowloon Cricket 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 aolas, yet Pasily accessible.

Terms very moderate. Reserva- tions by latter or cable.

CLAREMONT

Tel.: 57389 57885 (Private). Tiographic Add. "Forn" HK, Our motto is "SERVICE."

A.0. F. C. Average of Shanghai Stocks

NAR.

D

22.00!

26.75

2150

2425

120.000

22.75

TWENTY REPRESENTATIVE

STOCKS

2350

Izszkl

2500

MM

2450

2425

£24.00

23.75

MAY

JUNE

JULY

AUG.

<

ETBO

2775

2700!

28.73

-28.50)

£2450

-2175

American ÖmentaL FINANCE CORPORATION**

13 BARKING ROAD EKANSNAT

Some irregularities developed in | The stocks that now make up the, the Shanghai Market last week, but Average are named below under stocks broke still further into new group headings that are official high ground for the year on Mon- with the Shanghai Stock Exchange: day according to the measurement Two Banks & Loans:- of the market afforded by the American Oriental Finance 'B'. A.O.F.C. Average. An upward International Investment Trust.! trend is still apparent with the One Insurance- Average at 28.09 a week ago and, American Asiatic Underwriters

.(Ord.) at 28.27 this Tuesday.

For one month now, the A.O.F.C. Average has been graphically show. Ing the spirited rhe of the Shang- hai market. Financial people in becoming familiar with the Average have become interested in the twenty representative stocks.

In announcing the stocks, the fact is emphasized that it la pro- posed to maintain the representa-

HONG KONG BRANK Every desigion, af Banking and Exhibitive astronectad

Travellers Cheguen Isaved. - Meta

Trusted and Executorshipa under taken,20etan,

INTEREST ANOWA On Our soul an Fixed Deporte si, Bates, kiyi mar be a

CLSANDES

Manage

7. Qo' Bad Contest.

•Hồng Kang Dik - April, 19912) -

feature of the A.O.F.C. Average. Originally the Average was intended to reflect broadly the economic activity of Shanghai Substitutions are contemplated: from time to time in order to sasure an adequate representation of the economic activity of Shanghal.

Three Lands

Asia Realty "E". Cathay Land..: Shanghal Land Investment. Two Docks, Wharves, Transport, New Engineering & Shipbuild-

Ing.

Shanghal Dock & Engineering, Two Utilities

China General Omnibus

"pany.

Trams (Bearer).". Two Cottons

Chinese Eng. & Mining Co.

(Katpings),

General Forge Products, Ltd. Kelly & Walsh, Ltd. Ofee Appliance, Ltd. Two Plantations:

Anglo Java Plantations. Tanah Merah Estates,

The only uniform Hist of prices on Shanghal slocks is that Publish- od every morning by the Exchange. Every stock is priced every morn log on this list which is published after the first auction of the day. Prices often change although no business is actually done, l

The level of the market is there- fore quite as important in Shang- Comhal as changes in price brought about through an actual sale. The A.O.F.C. Average is complied from this uniform Hit of daily prices. published by the Shanghai Stock Exchange. Thus the Average: shortly after ten o'clock each morn

makes available to the public the level of the Shanghai marcat.

Ewo Cotton Mills (Ord.) Shanghai Cotton Mfg. Co. Six Miscellaneous ***

Auto Palace Co Caldbeck, Macgregor & Co.