1931-09-15 — Page 2

8,000,000

4,000,000

4,000,000

8687,000

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

Reserve Liabilities

+

HEAD OFFICE: LONDON,

Paid-up Capital

of Shareholders Surplus

Reserve Fund

Reserve Liability of Pro-

prietors

.£9,000,000 £1,600,000

£3,000,000

ALOB STAR

AMRITSAR

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

katharinad Cepliai - momentaneenemene

Inned and Pally Palk-up $30,000,000 Bosurve Funds --

Kwelingenamus £ 4, lat, N

Sürat unser D, E÷2,000,000

Meserve Link: MPropelators ........ 694,094, DOS

HEAD OFFICE: ZONG KONG.

BOARD OF DIRECTOR- En. Mr. 0, G. 2. Markt

Chairman.

Hon. Mr. J. J. Peterson,

Deaky Charms

Mr. H. Ball, T. Pozzon, May

A. . Comploo, Eng. 3. A. Plumaser, Esq.

Land

Lewis, Rog, T. H. R. flew, H.

J. F. Warren. Bas.

Chial Manager,

* Grayburn. Maj.

ANCHES --

LONDON

T.XONE

MALACCA

MANILA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1863.

THE NO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:—SINGAPORE. Hong Kong Branch:' 15, Queen's Rd, C.

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

AMOY

·RANGEO

BATAVIA

BOMBAY

MALOUTTI

CANTON

CHIFOO COLOMBO

DAIREN FOOCHOW HAIPHONG

HAMBUR

HANKOW

KABRINA HONOREW

ILOILO.

120H

'ZOHORE

a

FORM KOWLOON

KUALA LUMPUR

MUAR (Dekoro)

MURDEN

NEW YORK

PEITING

PENANG

BANGOON

. BAIGON

BAN FRAMO180%

HHANGHA

"BINDAPORE

BOTIBARATA BUNGRI PATANY TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA·

Current Assia opened lo roost Ouzrunay we. Fixed Dapodile relvad for une your o sherlee periods in Lost Durrency and Whorling barcos which will be quoted an applieskas. Hong Kong, Pabruary, 1981.

HONG KONG SAVINGS BANK.

The Busines of the above Bank la conduct

od by 44 TIONG KONG AND SHANGHAI BANKING OPORATION.

Bulon may be FOR THE HONGKONG AND SHANGRAI

blained on sallation.

BANKING CORPORATION.

7. M. GRAYBURN,

Out Masses

Hong Kong, 19h July, 1900.

THE BANK OF CHINĂ, 行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov. ernment as at

INTERNATIONAL EXCHANGE

BANK.

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

Agencies and Branches:

ВАНОКОК BATAVIA BOMBAY

KUCHING

MADSAS

MANILA

MEDAN

NEW YORK

PRPINU (Pakitig? PENAND HANUDON

CALCUTTA JANTON CAWNFORK CEBD

COLOMBO DAIREN

NAKION

SEMARANG

SEREMBAN

SHANGSAL

BINGAPORE

31T1AWAN

BOURABAYA

TAIPING

TIENIBIN

TOXYO

TONGKAR (Haku)}

TSINGTAO

KUALA KAROBAB

YOKOHAMA

XUALA LUMPHR

ZAMBOANGA

and

General

DELHI

HAIPHONG

HAMBURG

HANKOW

HABBIN

HONG KONG

ILOILO

¡POH

XARACHI

KLANG

KOBE

Foreign Exchange Banking business transacted.

Current Accounts opens and Fix- led Deposits received for one year or shorter periods at rates which will be quoted on application.

J. STUART,

Manager. Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL- BIAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

BANKERS.

Belablished' 1894.

Rong Kong fou;—LE, Queen's Sood General

Authorised -Capital Quidam 186,000,000- (#12,850,000.J Cold-Up Capital ... Gull 80,000,00

(*,860,170) Reserve Rand Muilders' 60,8£1,900

(23,224,550

Head Oment--ÁMSTERDAM- Explore Head Off!»»:~ESTAVIA. ZBANON - Basdjarmasin, Bardong", Bombay.

Bonit

Okeribou, Djember, Djok Įskaria", The Elegro', Jeddah, Kobe, Lala-Badia, Maksanır, Madan, Padang Palembang,

Penang Bangoon Botterdam”, Blancha Bibelak Bumaira), Blogiport, Sour bala Boerakaria (Belo), fogni, Tillajap saf Willerteden.

* In

Foatiansk

low karo safe depodt bozes to Lat. London Baskuuz---Watlciumi Provindal Bank Ltd. Carpondent all over the world

Baking business of every sription Lenausted.

‘A. SNKKINI,

Paid-Up Capital $24,710,200.00 g, August, 1001,

Beserve Finds

...$ 8,820,502.92

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central

Owing to our numerous branches in Chius and large connections in the im portant 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 inne of Bonds and other Public Funds of the Chin ese Government both at home abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1981.

THE

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

• Manager.

BANQUE DE L'INDO-CHINE,

HEAD OFFICE:

6. Boulevard Haussman, Paris.

Subscribed Capital Fra 12,000,000.00 Paid-Up Capital...Prs. 88,400,000.00 Reserve Funds ....Frs.102,000,000.00

BRANCHES: Hong Kong Guinkon Bangkok

Stigon Battambang Hoe Cantho Mengtxe Shanghai Canton Nam-Diah Singapore Djibouti Numes Thanhn

Tientsin Fort-Bayard Papeate Haiphong Peking

Tourane Bankow Phom-Penh Vinh Baba!

Pondichery Yannanfu BANKERS:

to arrangements.

Manager,

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55; Will Street, New York,

THE

CHINA

MAIL..

Commerce and

Finance

HOW THE SLIPPER TRADE BEGAN.

Portraits of the Pioneers.

+

RAWTENSTALL · ENTERPRISE.

TUESDAY, SEPTEMBER 15, 1931.

THE PRINCE'S FOREWORD.

Trade Journal For South America.

Many business meh are asking how the galus made for British trado by the Empire Exhibition at Buenos Aires are to be consolidated. One of the first requirements is a 'permanent some provision for campaign of publicity. With this in mind Messrs. Benn Brothers have Inunched a trade monthly for South America, "Industria Eri- tanica."

A Teaspoonful

or 80

makes a

whisky

and'

in

man. S. Compston (vice chairman of the Library, Art Gallery, and Museum Committee) accepted the glits on behalf of the Corporation, along with two landscapes in oila from an. anonymous donor and a still-life painting by Mr. Mooney.

"Although the felt trade, of which

The Prince of Wales has written the slipper trade is the direct out- come, camu to Waterfoot-in-in Spanish a foreword to the first Rossendale in the fifties from Leeds, number, in which he stresses the it, is the pride of the district that value both to consumers in South

and manufacturers In November, 1874, a young man

the slipper trade arose here on its America

It is un- Great Britain of this new link of own enterprising feet. from Rawtenstall took samples of

to raise

an historical communication. slippers to Manchester and sold six necessary

quibble. By the slipper trade, as dozen pairs at nine shillings the Aiderman Hardman so well put it dozen to a one-armed man who had, is meant the then new type of This article, the cheap felt slipper, which a stall in Shudehill. Market.

order for not only supplied a need but creat was the first wholesale

.ed a demand. Rossendale silppers ever given. Since then they have been sold in the four corner of the earth.

the inte. Mr, The pioneer was

are of

of

|

In the old days, the custom was,- where felt was made and printed, for the warehousemen (who had to walk on, the pieces to match the; patterns,

and could hardly do that) in clogs or shoes), to make them- selves pairs of crude slippers from To buy the tab ends of the felt. these tab ends and make slippers for their familles and friends was an inevitable step, and it was only another one to small retail trading, personal orders being accepted. executed, and delivered in an im- mediate neighbourhood.

see

Manchester Stimulus,

Written in Spanish, and sold at one shilling or one peso, "Industria Britanica" describes the latest de velopments in British trade to the South American buyer, and the journal has the official support of

the Federation of British Indus trlea.

CHEMICALS FROM STRAW.

38 one of the

The destructive distillation of straw to produce gas and varioua chemicals has been brought forward from time to time promising means of, utilising the vast quantities of straw going to waste annually in Western Canada. It is not known that any experi- work is being done. in Canada but the following state-. mental ments by Mr. W. W. Skinner of the Bureau of Chemistry and Soils,

IN FRANCE: Comptoir National│J. W.. Rothwell; the founder of the Escompte de Paris; Credit Lyonnais; danque de Paris et des Pays-Bas; slipper trade in Rossendale, whose Credit Industrial et Commercial; Bo-portrait, along with those of six Have Generale. Yo

IN LONDON: The National Provin- other pioneers of the industry, was & Union Bank of England, Ltd; inveiled recently in the Rawten- Comptoir National d'Escompte de far; Credit Lyonnais.

etall Public Library,' The other IN NEW YORK; J. P. Morgan &

Mr. Samuel Co.; French American Banking Cor-portraits

oracion; Guaranty Trust Co. of New McLerie, Sir H. W. Trickett, Mr. York

J., R. Brooka, Mr. J.. H. Hirst, Mr. Interest allowed on Current Ac-3. A. Hoyle, and Mr. J. H. Parker.

But it was, left to Mr. Rothwell, | U.S. Department of Agriculture re- ounts and Fixed Deposits according of whom one only, Mr. Brocks, is a young block printer by trade, to garding present experimental de-

Every description of Banking and still alive.

the wider commercial The portraits are all

pos-velopments in this field in U.S.A. Exchange Business transacted. Safe Deposit Boxes to let.

by Mr. E. Hartley Mooney, and will sibilities of a domestic craft, and are of interest.

"The Bureau of Chemistry and it was through the stimulus he re- A. BONNAUD,- form a part of the Corporation's ceived in Manchester that the fol- Soils has for the past year been permanent collection in the Whitlowing year he embarked on the devoting considerable attention to Hong Kong, 1st May, 1931.

taker Park Art Gallery.

expense of engaging, bs assistants the destructive distillation of farm to himself and his family, four waste materials such as straw, and young girla, who thus became, the following some preliminary tests, first employees of the slipper trade. made in commercial size distillation Two of them, Mrs. M. Mitchell, and equipment on several of these Mrs. D. Walmsley, of Waterfoot, materials, this Départment entered In 1877 Mr. Samuel into a loosely co-operative agree still survive.

with the Straw Products MoLeric began to supply wholesale. ment

Ipeated at St. Others followed, and by about 1880 Chemical Company

was emerging Paul Park, Minnesota. The plant a definite industry which has in the course of years of this company had formerly spread beyond Rossendale to Bury, operated on the destructive distilla- tion of straw, and had been forced Pemberton, and elsewhere.

The ups and downs of it would into a receivership. At the be too long a story to tell, but it is quest of the company this Depart- its in ment assigned an engineer to that worth noting that it had ception in bad times, when cotton plant who redesigned the plant and mills were closing down, so that process and installed a new type there were numerous factories continuous distillation retort. This ready at hand to house the new in- work is not as yet completed, there. It is a remarkable fact fore little can yet be said as to re- dustry. that even to this day not a single 'sults obtained.

This Department, furthermore, is new factory has been erected in its!

needs of the in- now engaged in an additional study entirety for the dustry, and that, almost without with full size commercial equipment, exception, the slipper works in at a new location, in which we hope Rossendale were previously cotton to examine more closely the pro- blem from the scientifle side, as factories.

It was between the condition of our work at St. Paul was somewhat things then and the condition of limited to purely commercial pos things now that the Mayor drew a sibilities."

Capital,

Surplus and

Rawtenstall, the. centre Rossendale and its slipper industry, does not keep all its eggs in one basket. "Cotton, wool, quilting, felt, and for more than fifty years the making of shoes and slippers Undivided Profits ..U.S.$228,087,892 help it to pay its rates and taxes, and though the town, with the rest of the country, is in the trough of the industrial wave, the slipper trade of which it is the hub can more than point to considerably 8,000 persons engaged in it in one capacity or another, an increase of 25 per cent. ten years.

Branches in:

Many

ARGENTINE BELGIUM BRAZIL

CHILE CHINA

COLOMBIA CUBA DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway, New York

Capital

Surplus ReserYER

Athena

Breman Brussels

U.S.$6,000,000 .U.3.$1,572,464 .U.S.$1,908,209

BRANCHES:--

GBG.OR Glasgow Hatara

Hamburg

and

Manager:

"Asuvardan

Lowry

Badla

Barilo

Barrita

Bombay

Interlaken Janusalam Lido

Endos

Zivaryook Legodend Lugopo Lexor Marseilles

Manila Munich

Моллаах Milaa

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Hong Kong.

Authorized Ospital (H.K. Constøy) $21,000,000

6,688,605.

Bessive Fini1,100,000

BRANCHEN:-

Omica, Banghai, – flankow, Bangkok Now Zork and Gas Franaitos.

CORRESPONDENTA

LONDON BAKERES:-

The Lloyd's Bank, Limited

In a principe cities of the Field.

Focal

stage, and banking business of

WTT Lescripilan transnoted.

Wale Dyptatt Basu (various class) si á zonely

wall of from 0 to $40.

LOOK POONG SHAN,

Chief Manager,

BA

Cairo Delostia Ceaner Colora

Copenhagra

Edinburgh

Constantinopla Monte Carlo

Hlas Kapla

- Piran

Parle

Abang

Prking Tarmo Botterdam

Bamboul Shanghai Beuthampto Bingapor St. Morita

Tizatila

Visans

Tenice

Yokohama Eurich

Florence

Brunches of American Express Company in Principal cities of Unit ad States of America and Canada.

All clames of Commercial Banking Transactions undertaken.

Personal investment handled.

accounta

The Company offers to intending Travelları the use of its “Travelers Cheques" and Letters of Credit and,

of its thoroughly equipped, Travel De: partment.

LONDON

MEXICO

PANAYA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY VANEZUELA

re+

The Mayor's Suggestion. It was natural. therefore, that a Commercial and Travellers' Letters suggestion coming from the Mayor of Credit, Travellers' Choques, Bil (Alderman W. Hardian) that the of Exchange and Cable Transfers beginnings of the slipper trade be bought and sold. Current accounta and Savings Bank accounts opened commemorated should be taken up The families of and Fixed Deposits in local and for. with enthusiasm. eign currencies taken at rates that these "men who made the Industry" may be ascertained an application to were very willing to present such the Bank.

paintings to the town, though We are also able to offer our Cas

on the suggestion of the tomers the services of the Branches (again of the International Banking Corpora Mayor) it was the Rossendale Shoe tien in San Francisco and Spain and and Slipper Manufacturers' As also of The National City Bank of sociation who reserved to them stimulating parallel when he said. It is, therefore, anticipated that New York (France), S.A., in Paris

eighteen months selves the gesture of presenting that if the state of things to-day within a year or and Nica

gave rise to new ideas and inven- fairly definite information will be that of Mr. Rothwell. F. McD. COUFTNEY,

Manager.

So

ceremony over tions the present adversity will not available on the commercial feasi- at a public Hong Kong, June 16, 1931.

ibility of the project....... which the Mayor presided, Alder-have been all bitterness.

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

HEAD OFFICE:-Talpsh, Formoss.

Incorporited by Special Imperial.

Charter, 1597.

Central Bank in Farmona, " Bank-Noten ustad Average amount iXax: 44,000,000 FRANODES AND ADENOLEGI » JAPAN:-Tokyo, Yokohama, Eche, Danka. FORMOSA (dlan. Keel. Hirenka Kalung. Yakong to Shinohiku Taisha, Thissa, Takso, Tansul, Tosa, Halo, Talto.

THE YOKOHAMA SPECIE BANK, in addition, the world-wide services QUINA thangal, Hankow, moy. Foochow

LIMITED.

Established 1850. Capital (fully paid-up) Yen 100,000,000 .Yan 116,200,000 Reserve Fund

Head Office:-YOKOHAMA,

"Branches and Ageṇeles uti Alexandzia

*

Batavia

Berlia

Bomba

Calcutta Canton

Changchun

Nagasaki Nagoya

Newchwang

New York Outka

Para

Pelping

Dairen (Dalny). Rangoon Fonation (Makden) Hamburg Hankow Harbin Коле Коля Kanolde

Kal Yaedi

Karachidy? Kobe

London

Los Angélbe

Rio de Janeiro San Francisco Seattle Semarang Shangian Siimonoseid *Blogspore Boerabaya" Sydney Tientain

Tvingian

Interest allowed, onir Gurent »Ã¢-

Deposts received for fred perioda be obtained on 'application. EMORL

Manager

Tong Kong, 11th. Beptember, 1911.

Affiliated with · · THE CHASE NATIONAL BANK Besouries...Over G$2,500,000,000

Serator, "Canion OTHERS-İng Kong, Elappars

Secarang, Batavia, Bombaj, Landon, New York, Deinn.

LONDON BANKERS;

ITAKOS

ZAZS

12,00

|ATĪTS

27ANG

Boers.beya,"

Clovis

26.75

1980

The Lacing Comly Westmine and Poer's Bank

The Bank has Corriepondante in all the principal Commerial Centre Maroughout the world.

K. MAGURA.

* Kuangut..

C. H. BENSON,

General Manager.

HONG KONG BRANOR

Dea. Von Bord Hong Kong ish January, 1998.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD. OFFICE:

10, Des Voeux Road, Central. HONG KONG

Capital and Surplus

Total Resources

over EL 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,

Ghior Managėr

ممكن

[PLY)

15.30

M

Mas

[1275]

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

MAN.

TWENTY REPRESENTATIVE STOCKS

1931.

MAY

BEYUNE

Amuixar Dental Finance ComparaTION 19 BARKING BAAR, TRANNIAL

16.20

:

soda

a great

Thirst Quencher.

CLAREMONT

PRIVATE HOTEL.

Austin Road, Kowloon.

- (Facing the Kowloon Cricket Club. Four minutes from ferry by bus.)

(single and Suites of rooms double), hot and cold water ayatem, all modern sanitation, private bathrooms attached. EXCLUSIVE TABLE entirely under European management.

Hotel has a splendid aspect in one of the finest locations la Kowloon, away from noise, yet easily accessible. Terms very moderate. Reserva. tions by letter or cable. CLAREMONT

Tels.: 57830 & 57385 (Private). Telegraphie Add.: "Fern" H.K. Our motto is "SERVICE."

AN INTRODUCTORY HISTORY by

A. H. CROOK. OBE, MA.

W. KAY, MA.

W. L. HANDYSIDE, MA, B.Sc.

PRICE $2.00.

NOW ON SALE AT THE

+ PUBLISHERS..

The Newspaper Enterprise Ltd.

China Mail Offices.

FREE PORT AND BOND.

Refrigerating Store-House To Be Built In Baile,

A new refrigerating store-housÈ is about to be 'contructed at Basle, thus giving a measure of the in- portant rank this city occupies with regard to international commerce. Situated in the vicinity of the goods station, this store-house is to com- prise a free port and bond. It will be composed of several build- ings and numerous halls, where the temperature will range from-15 to

10 degrees centigrade. A special construction will be reserved for storing fish, another for bananas and other fruits.

The total cost of these installa-

Further irregularities have bean market-turned easy. The extended and there are no indications of.ations has been estimated at 2.3 noticeable in the Shanghai Market rise from August 6 to September 4 reactionary market. Some issues millions. Besides the Swiss rail- was Impressive and a resting period like General Forge are still, in de ways and the Basle Store-House- during the past week, although the normal for the leadors of the mand, and a firm tone is noticeable Co. German railway_companies, the A.O.F.C. Average established a new advance. ARVON

[in groups in which, good business| Alsace-Lorraine, Eastern and In going up, the market was led returns have reported for the cur- Northern railway companies of. high for the r at 28.51 on Sep-

France, as well as the French Co. tember d.The cassion from this first by one group, and then ta turn rent year. S

The statistical record of the of Transports and Store-Houses of point has been related and at one by several other prominent issues,

Paris, are to participate. time It looked if forces were In this manner an effective advanca A.OF.C. Average follows:- Eathering, in the market, and the was staged that allowed stocks to advance was to be continued, consolidate gains under the most But several of the leading stocks favourable conditions, Or had no rallying power, and the Market sentiment is still good,}

* January 6.-24.10 This plan will increase further High for year September 4, 28.61 Basle's Importance as a centre for Recent low point August 6. 28.54 the International exchange of food-

September 8, 28.20 stuffs.'