1931-09-22 — Page 2

BANKS

RONG KONG AND SHANGHAI BANKING CORPORATION,

utherland Capital

tored ant Pilly Padar

Lesacre Fusi

String...

Silver

A 4,500,000

................. $70,000,000

Basorts [Ash Clay at Proprietors sa 920,000,000

READ ✔FICE: HONG KONG

WOARD OF DIRECTORE:

tion. Mr. C. G., 1. Markla. Страл

Box. Mr. 3. X. Patarson, Deputy Chairm sa.

Pag Me. V. K. Ball, T.-F. Petron, Ton

A. 1. Ongton,. Eng. 2. A. Pleromar, Bag-

M

Lundur Karls, Bag, T. H. A. Tan, Big

*, Miakla, B.

Aver

BATAVIA BOMBAY

'CALOUTTI

DANTOX.

SHETOO посомно

7. È, Wastew, they,

Vital. Manager.

པ་

ANCHES:--

LANDIN

LYONN

MALAOGA

MOKDEN

MANILL

MUAB (Johor)

NEW YORK

PRIFINO

FENANG

BANOOOR

BAIGON

HAN FRANCIRCA

DAIRER

HAMBURG

SINGAPORE

GONGKEW

GOUBABATA

RUNDKI PATANI

KOMLANG

SHALA UNPOR

HEANONIM

TIENTSIN

TOKIO

THINGTAU

YOKOHAMA

Cerai Accola opsoed in Lival Vurrenej and Tiwać Jeposlis received for and your e vkorter pacięks in Love! Carrey and worth

turtzia which will be gooted on ayalimties. -Hong Kong, Wh P'ebruary, 1001.

HONG KONG SAVINGS BANK.

1% Buktions of the abors Bank is ondasi-

d by the HONG KONG AND HHANOMAT MARKING CORPORATION.

baina applination,

Būdan, may be

FOR THE HONOKONG AND SHANGHAI

BARRINO CONTRATION.

7. M. ORAYBURN,

Long Ting, lệnh July, 1890,

Call Manager

THE BANK OF CHINA,

行銀國中

Reorganised October 26, 1928, ander

special charter of The National Gov- ́ernment as at

INTERNATIONAL EXCHANGE

BANK,

Subscribed Capital..$25,000,000.00 Paid-up Capital ......$24,710,200.00 .$ 8,820,503.82

Reserve Funds

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

4. Queen's Road Central

Owing to our numerous branches in Chim 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 issue of Bonds and ather Public Funds of the Chin- both at home and ese Government abroad.

ŠHOU J. CHEN,

Bong Kong, 6th March, 1081.

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

J

HEAD OFFICE: LONDON.

Paid-up Capital

.£3,000,000

Reserve Fond

£4,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Branches:

ALOR STAB

AMHITUAD BANOKUR

BATAVIA

BOMBAY

UALQUZTA

ANTON GAWNFORE

OKAU

COLOMBO DAIREH

ФБСНІ

HAIPHONG

FANBUEL

ELANKOW BARDIN HÙNG TONG

ILOILO

ІРОД

RABACH

ELAND

KODE

KUCHUNG

+

MADRAS

MANILA

MEDAN

KUALA MANOBAR

KUALA LUMPUR

NEW YORK

PKPIN{1 (1'sking? PENAND

BANUDDE SAIGON

SIREMBAN

BEMATANO

SILA NOITAT

BINDAPORE

BETIAWAN-

BOURABAYA

TAIPING

TIENIBLE

TOKYO

TONGKAH (Bauhal}

TSINGTAO

YOKOHAMA

ZANDOLKOA

Foreign Exchange and General Ranking business transacted.

Current Accounts opened and Fix-

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

J. STUART,

Manager.

Hong Kong, 17th August, 1981.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDO TRADING BOCIETY)

ДАНКЕВА.

Established 1834,

Hong Long Ofoe 1-11, Uhman's Boid Contrat.

Authorland Caplía!

Paid-Up Capital

Esserts Fast

Guide 160,000,906-

(213.630.000.)

Child 80,000,000 (417)

· Gulidaeu" 40,810,000 (23,894,183, Eload Of—AMSTERDAM' « Eastern Head Okos i–BATAVIA. PLANONES – Bandjarmasin, Baadong. Bombay,

Onfrutta, Charibon. Plamber, Djok Jakaria", "The Hagna", Juddah, Kabe, Row-Dedja, Makaveer, Medan, Padang Pabaig Pukalongan Penang Pestinasi, Bangoon, Botlardan", Bemark

Shanghai, Bibilgi (Bumstra), Bingapoes, Borabala Barakarta (Bolo)," Tagaí, Tjlinjap and Weltevredes".

* These ofere have safa dipol bezse to les. London Banken :—Nailona). Provincial Bank IAŁ Correspondenta sil over the world Banking bokizma of every deaription trasaaniad.

A. STOLLINE,

Hong Kong, Lh Augurt. 1300.

THE

Jelangor.

·AMERICAN EXPRESS COMPANY,

INC.

Head Office: 68, Broadway, New York.

Capitai Surplus Reserves

THE HO HONG BANK, LTD.

(Established 1917.)

THE

HEAD OFFICE:—-SINGAPORE. Hong Kong Branch:'19, Queen's Rd. C.

Authorised Capital Straits $20,000,000 Issued Capital.....

Pald-up Capital

Kanerva Liabilities

of Shareholders. Surplus

8,000,000

4,000,000

4,000,000.

2,687,000

Branchos, Agencies and Correspon- denta in the principal cities of" the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

16. Boulevard Hausmann, Paris,

Subscribed Capital Fra 72,000,000.00 Paid-Up Capital...Fr. 68,400,000.00 Reserva Funda ....Fra.102,000,000.00

Bangkok

DRANCHES:

Hong Kong Quinhon

Saigon

Battambang Ide

Catho Mengtso Shanghai

Canton Dibouti

Nam-Dich Singapore

Numoa Thanba

Fort-Bayard Papeete Haiphong

Haokow Espoi

Peking

Tiantain Tour ne Phom-Penh Vĩnh Pondichery Yunnanfu BANKERS:

IN FRANCE: Comptoir National l'Escompte

de Paris; Credit Lyonnals; Banque de Paris et des Pays-Bas Credit Industrial et Commercial; So dace Generale.

IN LONDON: The National Provin rias & Union Bank of England, Ltd; Jomptoir Nationa d'Escompte de dari; Credit Lyonnais.

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

fork.

CHINA MAIL.

Commerce and Finance

TRADE AND THE SALESMAN.

Finding and Keeping

New Markets. ⠀⠀

HALF THE BATTLE OF INDUSTRY.

†

TUESDAY, SEPTEMBER 22, 1931.

REMEDIES FOR TRADE

DEPRESSION.

Shipbuilding Chairman's

Views.

so as to know where boat to get the right material for recruitment for A drastic reduction in the expen- the various grades of commercial diture of the State and

local au- a general reduction in

staff.

thorities,

They should adopt well-planned schemes for the recruitment of wages and salaries in the region of staff, and offer attractive prospects 10 per cent. coupled with a corres- to the right types of candidate.

4

the

carefully-selected public school and unearned as against earned income, They should realise the value of ponding increase in the taxation of

university man for training for the and higher ranks of commerce,

ranks should be made easy for the right type of man.

reorganisation or

our torationlisation of

great

which, however, promotion from all basic industries-this is the

"The future industrial proș- perity of this country depends upon the constant application to the problems of finding, develop-

programmo advocated by Mr. ing and maintaining markets for

"Modern Studies" Courses W. L. Hichens, chairman of British, goods and services of at least as much time, thought and Many of the recommendations Cammell, Laird, and Co., the ship- energy, and as high a degree of deal with education in relation to builders, in the August number of

business. A good sound, general abilities as are applied to the problems of production and

finance."

150

education, it is first emphasised, is Lloyds Bank monthly review, for an essential foundation for all giving a greater Impetus to the special education and training for basic Industries and restoring con.

points adence in The specific

British industry. Ho ads that, as in Australia, a com Our system of elementary educa-prehensive policy can only be car-

While every one of the pages of the final report of the commerce. Committee on Education in Sales-made are: manship. of which Sir Francia

political parties.

Goodenough is chairman, ought to tion needs revision in some direc- ried out by agreement between all be carefully studied, the above tions to ensure that it provides proposition may be said to supply.

"sound general education.”

Our methods of education be the key to the whole volume.

cases

Commerce, the Committee say, Acoffers great attractions as an in- teresting, adventurous and worthy

Intarost allowed on Current ounts and Fixed Deposits according

arrangomenta.

Every description of Banking

Exchango Business transacted. Safe Deposit Boxes to let.

A. BONNAUD,

Hong Kong, 1st May, 1931.

and

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits ..U.S.$220,087,392

Branches ins--- ARGENTINE LONDON

BELGIUM

BRAZIL CHILE

CHINA

CUBA.

COLOMBIA

DOMINICAN

REPUBLIC

INDIA

ITALY

JAPAN

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO. RICO

STRAITS

SETTLEMENTS

URUGUAY

VINEZUELA

career for the beat of our sons and

daughters-and commerce needs

them.

Sound Education.

"Modern

Mr. Hichens considers that the reason why we failed to share in the recovery which the rest of the world enjoyed from 1925 until the great depression of 1990 is to be found in the fact that whereas othor nations maintained er increased world's export their share of the trade during this period, our share persistently

The roal ex-

CLAREMONT

PRIVATE HOTEL

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

Suites of rooms (singlo and.... double), hot and cold water system, all modern sanitation, private bathroom 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 · Tels.: 67889 & 57885 (Private), Telegraphic AdL: "Fern" KK Our motto is "SERVICE!

Phone 25169. Pedder Building (1st Floor) Opposite Entrance to Hong Kong Hotel.

It is the text on which Sir tween 16 and 18 In some

need reconsidération. Francis and his colleagues proach with insistence and earnestness a Studies" courses would be very sermon to which the country should useful during these years.

While early specialisation for give heed. Close co-operation be tween business and education, for commerce is deprecated, the estab the benefit of both, is their theme.lishment of junior commercial schools, where justified by local

dwindled. It la conditions, is favoured.

duc, Mr. Hichens suggests, to the A scheme of certification for rigidity of our industrial structure. tion for "the present unsatisfactory due to lack of enterprise or skill or INSTITUT commercial students, in substitu- He does not think this rigidity is ALEXANDER examination arrangements," is ad- to bad salesmanship. vocated. This scheme should be planiation, in his view, is that our DE BEAUTE confined for the 'present to advance costs and therefore our prices are Great stress is laid by the Comed students. of suitable qualifica-higher than those of our rivals, and mitter on the importance of a tions, and of at least 21 years of it is of vital importance that this "Bound general education." Suc-age.

defect should be cured. cess in the fundamental problems There is need, the committee con-

Mr. Hichens suggests that there of marketing-or salesmanship insider, for a "careers department,”

are two outstanding causes for our Lustrous Oil Permanent Hair Waves its widest sense-involves, it is or clearing house, in connection high costs. One is that no effective Artistle Finger and Marcel Waves, Oil which are Large, Soft and Natural, pointed out, the employment in with the public schools. The ap: scheme of rationalisation establish-Treatment, Shampooing. Henna Pack commerce of those possessing the pointment of a "carecra master”

a reasonable correlation be- (any colour). Hair Cutung and Mani. highest qualities alike of character for each school has, they suggest, tween capacity and demand has cure for Ladies and Gentlemen. Con- and intellect, developed to the gat advantages.

been carried out by the basic in scientious, Artistle Work by European fullest degree by sound education;

German and Spanish.

Expert, Mr. Alexander. dustries, and the other is that our

CHARGES MODERATE training and experience.

the subject of foreign wage system is too rigid. "If we do A VISIT WILL CONVINCE YOU. "One of the weaknesses in many languages, the committee consider not remedy the rigidity of our in- businesses in this country," the that, generally speaking, de-dustrial structure in these two re- Committee consider. "Is the ten- ficiencies in instruction in this spects we shall fail to make a reality dency to regard the art of the sales-country are due partly to public in- of the policy of deflation, and shall man as something that can be difference, partly to over-emphasis be forced to travel along the alter- 'picked up without any systematic of the literary as distinct from the native rond of inflation." Instruction in it-something that spoken language, and partly to can best be learned by trial and inadequaté provision for German error instead of being taught." and Spanish.

The conclusions and recom-

On

4!

Buyers and salesmen may, it is remarked, be trained to appreciate art, and "it is of great importance that a careful study should be made

ing

UNCLAIMED TELEGRAMS.

Commercial and Travellers' Letters of Credit, Travellers' Choques, Bills of Exchange and Cable Transfersmendations in this third and final U.8.50,000,000 bought, and sold. Current account report are those of business men, .U.8.$1,572,454 and Savings Bank accounts opened for every member of the Commit-

U.8.81,908,209 and Fixed Deposits in Ipeal and for-tee, except the two representing of the artistic tastes of customers." | grams are lying at the E.E. Tele-

siga currencies taken at rates that the Appointments Boards of Ox- may be ascertained on application to ford and Cambridge, occupies the Bank

BRANCHES:-

Manager.

Amsterdam Alwarp

& Lank

Li

Berlin

Barle

Bombay

0100 Giatow Havana Hamburg Bayra Interlaken Ferusalem Kado

Klo Naple Piraeus Parte

Brumets

London

Buscos diese

lverpool

Cairo

Lovers

Oslogite

Lapto Lector

Магрыша

THE BANK OF CANTON, LTD. Established 1912.

Bend Once-Hong Kong,

Authorlent Capital (II.L. Outroney) #12,000,00

0,381,200 Bezerre PanS

****** 1,100,000

BRANOTES

Carion, Akanghal, Cankar, Senior, Bangkok, New York and San Franalan

CORRESPONDENTS

LONDON BANKZDƏ (—

The Loyd's Dark, Limited

18 ak prizelpal millor of the World. Twign, ischangs and banking bud.com ast -very description transacted.

Bala Deposit Boxes (raciona aisns) si a poorly vedal of From $3 to $10,

LOOK POONG SHAN,

Chiot Manager.

Canner Colosbe

Colopla

Moute Onl Heils

Munlok

Montess Julisa

Jokios Palatine Bollarda Rome Elsamboul Shaughal southampto Bingapore

81. Morits

Tientsia

Viac Venice Tokokame Farlok

Copenhag Hdinburgh Fire Gecam

Branches 01 American Express 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 ase of a "Travefors | Cheques” and Letters of Crodit and,

of ita thoroughly equipped, Travel Do- partment.

The following unclaimed time.

While secondary schools are pro-graph Co Office, Hang out an ducing large numbers of well- Mr. Alfredo Choy, Kowloon, We are also able to offer our Cus-important position in some branch educated candidates for employ- from Call. tomers the services of the Branches of industry. of the International Banking Corpora tion in Ban Francisco and "Spain" and

Also of The National City Bank of Now York (France), B.A., in Parin and Nica

F. McD. COURTNEY,

Hong Kong, June 16, 1981.

Manager.

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

HEAD OFFICE:-Taipeh, Formons.

Incorporated by Special Imperial Charter, 1899.

Dentral Bank is Formona Brak-Botas Lanced Average amount inTan, 16,000,000 BRANCHES AND AGENCIES,

Among the main recommenda- tions are the following:

Employers should make them selves fully acquainted with the educational system of the country,

Miss

ment, recruitment to commerca

Frew, C/0 Mackinnon from the public, schools, it is stated, Mackenzie, from Karachi, is comparatively small, but is in- creasing. Public school boys are promising recruits for the higher ranks if wisely selected,

8. LACK,

Manager.

Hong Kong, Sept. 17, 1931.

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

FER.

2050

محمد

|LY,TS]

(930)

JAPAN-TOKTo, Yokohama, Kobe, Ossia, JURMOSA 1-a, Kaga Kanchi Kesiang, Malang, Matka, - Elinchiku, Taloku, Tainan, Takao, Tamil, Tom,

[1327]

£750

Huston, Danion OTHEEN 1g Kong,

FUTS

Blagaps. Boursinin, Васалгаа Beleria Bamber. Calcata London, few - Tork, Daines.

LONDON BANKERS 4.

Flo

THE YOKOHAMA SPECIE BANK, to addition, the world-wide services ORINAghallacious costurer,"

LIMITED.

Established 1880.

agulisted with

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

Reserve, Fund.

Yen 116,200,000

Head Office:-YOKOHAMA,

Breiches und Agencies nta

*

The London County Waciminset and Pro's Dark.

Tha Bank has Commepondents in all the pelandmed Commercial Confess throughout the world.

Resources › . „Over G$2,500,000,000

.K. HAUURL

Matag.

C. H. BENSON,

General Manager.

HONG KONG SEANCHÍ

May 4, The Year - Bond' Odishchi. Hong Kong, Má Zmoney, 1990,

B

125.00

REED

TWENTY REPRESENTATIVE STOCKS

(15.2)

1196

1479

|:480

1435

6931

18.75

(£1.30

3.09

Good for

Children

ROSE'S ORANGE

SQUASHE

Ferlin Bomber

Nagasak!

'Nagoya

Nowchwany

New York Osaka Faria

(Dalny).......... Rangoon Wengiem (Mukden) Rio de Jansire Hamburg

San Francisco *Seattle

Blankow

5. (arbles

long Song, Formeladus

Hai Twen

Marechi

500

Shimonovski Singapore Boerabaya

Bydney Tientain

Tokyo Tsingtan Intercats allowed on Current de-

Depozits received for hand parfoda at rates to be obtained pa‘application.

IL MORI,"

Hong Kong, 11th September, 1931.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Céntral. HONG KONG

Capital and Surplus Total: Resources

over $ 8,000,000.00 „öfer, 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, a

Savings Account and, Safe Deposit Boxes......... Branches and Agencias all over the world.

KAN TONG PO,

Chief Manager.

American Ünental Emance CierraTVOR

A firmer market has been deve-market, and is now in demand at fed progress. Financial people and |loping in the Shanghai stocks dar- high prices, for the year.

traders taking a lively interest. in. ing the last several daya. The Shanghai Lands has been forg- the market, have been acting with 4.0.F.C. Average has moved up ing steadily ahead, and a good confidence. When stocks have had ward to 28.29 after a period of deal of interest bas centred in this time to settle after the sharp easy prices that caused the Aver-stock, Cotton shares are also be-market. advanco of August and ago to Bag down to 28.02.

ing bought wall with Ewes mov-early September, there may be

As the prica level receded from Ing up persistently to higher further improvement on a broad the high of the year, catablished levels. An underlying strength scale, September 4, as a leading stocks has been quite apparent in cotton The statistical record of the continued to act well, Trams, In stocks that suggests better prices A.O.F.C. Average follows particular, did not participate in in the future.

January 6 24.10 the general tendency for easy in practically all lines of bust-figh for year September 4 28.01 prices. This issue has been pro- ness, and industry in Shanghal, Recent low points August 6 26.54 minent In the better tone of the 'there have been signs of continu-

Beptember 16 28.29

and

They like it.

Job Printing

REASONABLE

PRICES

TER NEWSPAPER ENTERPRISE LYD, ONLAR MAIS. 'MUDA, 'ARA, WYNDHAM 07.