1931-09-24 — Page 11

THURSDAY, SEPTEMBER 24, 1931.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Capital

Cermed and Fully Paid-up

Konoctu Panče

Eneling......

· 1,500,000

Silver -- a $10,000, 504

WEI,100,000

Sonatva Žiak dále af Proprietors ..... $90,000,000

BRAD WWF70B) HONG KONG,

BOARD OF DIRECTORI,--

Hom. Mr. 0, 0, 1. Macki. Ühaman.

Hon, Mr. Y. J. Paterson. Deputy Chairman

dag. Mr. 4. N. Beži, T. X Your

Ho

4. I. Compton, Esq. J. A. Plummet, Mg.

4. Landar Lavis, Kaq. X, H. X. Uhow. Ex.

18. Mirka, Esq.

a Mur

BANOXO

BATAVIA

BOMBAY

DALCUTTA

OANTON

CB1100

OOLOMBO

DAIREN

#OOCHOW

BALZHONO

GAMBURG

панкой

BANKIN

JUNGLEW

ILOILO

(PU){

FOLGEN

KOWLOON

2. P. Warton. Bag,

Oklat Mangue

Graybard,

ANCHIS:—

MPUB

LONDON LYONE MALACOA M&NILA

MCIDEN

HEW YORK

PEIPINO

PENANG

RANGOON

BAIGON

SAN FRANCIJO

ELLANOH

BINDAPONE

BOUHADATA

BUKOLI PATANI AVAN

TIENT IN

TOKYO

„TAINOTAU

KOKOHAMA

Current Autres opened in Local Curteany

aat het Daponta raosived for eas fear „ar charter perioda la Local Dartuary sae Burling * which will be quoted en appliance.

Məng Kong, 19th February, 1991.

HONG KONG SAVINGS BANK.-

The Business of the above Bank in cond276- by the HONG KONG AND BILANUHAI SANLING CORPORATION, Bain may b ablad on application.

FOR THE HONGKONO AND BILANGHAE BANKING CORPORATION.

V.M. ORAYBURN,

Hong Kong, 18th July, 1980.

Chin Macau,

THE BANK OF CANTON, LTD.

Established 1912.

Head OBce-Hong Kong.

DA

short Capital (IL.E. Carroney) #11,100,006 Palk-Up Capital nendestens Besarra Fund manqueno 1,100,000

BRANCHES 1-

Canon, għal, Hankow, ɑwakow, Bangkok, New York and dan Fransen.

CORRESPONDENTS

LONDON BAKKENU ---

In all principel

The Ladies of das World.

Bank Limited. Foreign zhangs and banking builure of vary Eripilos trazeneted.

Sale Depouls Baum (zuciowa ulose) as a yearly restal of Irom $5 to $10,

LOOK POONG SHAN.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858..

HEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund

Reserve Liability

of Pro-

prietors

.£3,000,000 £4,000,000

.£3,000,000

Agencles and Branchent

.ALOR STÅR

'AMRITSAR

BANGKOK

BATAVIA

UEBU

CULOMBO

DAIREN..

DELHI

HAIPHONO

HAMBURG

HANKOW

EUCHING

МАРДАН

MANILA

MEDAN

NEW YORK

PRVING (Poking) PENAND

BANGOON

THE HO HONG BANK, LTD.

(Established 1917.)

THE CHINA

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

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

Paid-up Capital

Reserve Liabilities

of Shareholders. Surplus

8,000,000

4,000,000

4,000,000

MAIL.

Commerce

Finance

2,687,000 THE SURVIVAL OF

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager.

BANQUE DE L'INDO-CHINE. ̧

HEAD OFFICE: #6, Boulevard Haussmann, Paris,

Subscribed Capital „Fra 72,000,000.00 Pald-Up Capital ...Fra. 88,400,000.00 Reserve Funds ....FT.102,000,000.00

BOMBAY

DALOUITA.

CANTON

CAWNPORE ·

SAIGON

SEMARANG

SEHENDAN

BHANOMAL

SINGAPORE

HARRIN

SITIAWAN

RONG 1036

BOURABAYA

ILOILO

TAIPING..

.TIENTUIN

TORTO

KLANO

TONOKAN (Bhukah)

TANO140

Canton

KUALA KANGSAR

General

FARAGHI

KODE

YOKOHAMA

KUALA LUMPUR TAMBOANGA

Foreign Exchange and Banking business transacted.

Current Accounts opened and Fix- ed Deposits received for one year or shorter piriods at rates which will be quoted an application.

Manager.

J. STUART,

Hong Kong, 17th August, 1081.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NBIIRELANDS TRADING BOCIETY)

BANKEMB

Established 109i,

tara Long Ofori-ki, Qama'a Bond Danusi.

Authorised Capital Quilders 186,000,000- (3.800,000.) 2016-09 Capital ... Dulidaes 80,000,

(23,068,177} Kvarts Fund,

Guliders 10,013,806

Head Ofos—AMSTERDAM” Kasten Hood O-BATAVIA. BRANCHES 1- Bendjarmária, Bandomg*, Dowolny, Caloutta, Charbon, Dubad, Djoki žnicarte", The Esgue", Yeddah, Kibe, Kota-Badja, Maksoeur, Madan, Padang Palembang, Pakalimpa, Fecisas. Yentional Bangoon," Botterdam Marmarang Shanghai. Bubalgi

(Hsmates). Singapore, Bourabela, Bograkarta (Solo), Togsí,. Thilalap and "Walterradan".

• Thers offom kara nude deposit boxes so let, London Baskari-Kational Provincial Bank Est.

Correspondente all uras the world

Banking business of every

description treacled.

A. BTOLKINE.

Elona Lond. 185 August, 130.

THE

BRANCHES:

Bangkok Hong Kong Quinhen Battambang Hur

Saigon Shanghai Canthe

Singapore Thành

Tiantain

Dilbouti Numea Fort-Bayard Fapeets Haiphong

Bankow Hanci

Peking Tourang Phom-Panh Vinh Pondichery Yunnanfe BANKERS:

IN FRANCE: Comptoir National J'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Paya-Baw: | Credit Industrial at Commercial; So- 1 Generais.

Para; Credit Lyonnais

CAPITALISM.

An I.L.P. Member's Speculations.

"JUST POSSIBLE."

The suggestion that capitalism, if it came through the present crisis would take a new form much near- made by Mr. er to Socialism was M. P. Price, M.P. for Whitehaven, speaking at the Independent Labour Party Summer School at Digawell Park, Welwyn. recently. . Mr. Price's subject was "Is capitallam collasping?"

that

Referring

to the Industrial situation, Mr. Price said many of the great industries were

banks. mortgaged to the

"Will the banks use their overdraft posi-

tion to force rationalisation, amal

1

gamation, and ellciency by forcing i these concerns Into liquidationTM" he asked, "The present problem la of not insolubile to the leaders finance and industry, but it will be interesting during the next few years to find out, whether they have the guts, so to speak, to cut the dead wood and get on."

Changed Outlook.

The oventa of 1931, said Mr. Price, had brought the aspect of the present crisis with regard to mal- distribution of gold and war debts

He said that he had seen three to a head and manifested itself in wholesale price collapse. Mr. revolutions, two in Russia and one Price said he had been present 'when in Germany, and witnessed their failures and the slowness of the important men, bankers and finan- clera, had discussed the position, development of things after the and it did not seem to him than volution and breakdowns in eocial that they realised the full gravity and economic structure. "In

of the problem. "It seemed to me Germany," he said. "I saw the that there was going to be a smash

far worse than the Russian Revolu tion crash., But I am bound to say that since the change of outlook which has been produced by the Hoover offer and the place taken by the City of London in the past few weeks and, last but not least, the publication of the Macmillan Report it is possitie that they understand just

IN LONDON: The Nations! Provin. Immediate results of the revolution. & Union Bank of England, Ltd.; 1, personally, was very enthusiastic Comptoir National d'Escompte de indeed, and thought that Germany IN NEW YORK: . P. Morgan & was to have a great social revolu- Co., French Americans Banking Cortion which would make Central paration; Guaranty Trust Co. of New Europe the centre of Socialism.

saw that hope fade away, and be cause of that I am not quite so sure that capitalism is collapsing to

York

Interest Ellowed on Current Ac- counts and Fixed Deposita according to arrangements.

Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let,

A. BONNAUD,

Hong Kong, 1st May, 1931,

THE NATIONAL CITY BANK

OF NEW YORK.

Manager

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits ..U.S.$226,487,892

Branches in 2, ARGENTINE LONDON

BELGIUM

Manager.

BRAZIL

CHILE

CHINA

COLOMBIA CUBA.

DOMINICAN

REPUBLIC

INDIA

ITALY

AMERICAN EXPRESS COMPANY,

INC..

Head QMen: 65. Broadway. New York.

Chief Manager.

Capital Surplus Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

.U.B.$6,000,000 U.S.$1,572,454 U.S.$1,908,209

amyterdam

Albans

Balo

Bariin

Blarrile

BRANCHES:-

Основ Bingow BAYACA Hamburg Датто Interlaken

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

Boraba

.Yen 118,200,000

Fraze Brussia Borse Al Calro

Jurusela Lado Leadon

Head Office:-YOKOHAMA.

Branches and Agencies ́st:

Alexandria

Batavia

Berlin" Bombay

Calcutta Canton Changchun

Fon

Hankow

Nagasaki .Nagoya

Newchwang New York Osaka

Paris

Pelping Rangoon

(Dalny)

(Makden) Alo de Janeiro

Harbin

Kong Molalu

KA! Yuen

Francisco

San Seattle Semarang Shangha Shimonosed Singapore Boerabaya Sydney Tientsin Tokyo Tsingtan Interest allowed on Current Ac. counts,

Karachi Kobe

London

Los Angeles Manila

Deposits received for fixed periods at rates to be obtained on application.

EL MORL

Manager. Hong Kong, 11th September, 1981.

Vannas Colorabe

Cecstaticopla Copenhagen Edinburgh Morgan

- GTA

Liverpool Incerca Laugabe

Maronition Monk Lario Manila

جاو لهولا

Montar Milan

Now Naplan Pirkapa Parla funang Faking Filers Bossardam Bana Hamboat Shanghal

culhatopics Singapor 81, orlis Tientata Visz na

Frulon Tokchacon Serals

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

All classes of Commercial Banking Transactions undertaken.

Persone! investment handled.

accounta

The Company offers to intending Travellers the awe of its "Travelers Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped, Travel De- partment.

Afiliated with

THE CHASE NATIONAL BANK Resources ..Over G$2,500,000,000

C. H. BENSON,

General Manager,

|

JAPAN

MEXICO

PANAMA

PERU PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS URUGUAY

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Billa of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- eign currencies taken- at rates that may

be ascertained on application to the Bank.

We are also able to offer our Cus

the services of the Branches

tomara

of the International Banking Corpora- tion in San Francisco and Spain sad algo of The National City Bank of New York (France), 8.A., in Paris and Nico.

F. MED. COURTNEY,

Manager. Hong Kong, June 16, 1011.

THE BANK OF TAIWAN, LTD.

(TAIWAN- GINKO.)

HEAD OFFICE:-Talpek, Formosa.

Incorporated. by Special Imperial Charter, 1899.

Central Bank: la Portuena.. Bank-Hotm sated Armage amoună „Iam. 44,000,DON DRANCHES AND, AGENCIES: J4ZAN:-Takyo, Tokohama, Jobs, Osaka, FORMOSA 1-Diram,

Karenko, Kaslung, Malong. Manto, Eliücklien, Talobe, Inl Takno," "Tamani, Town, Hälla, TAIMS CHINA |--Shanghai, KaGROW Amoy. Froshow.

Swalow, Canion OTHERS 1-Hong Kong, Singapon, Bowshaya,

Semarang Belatin, Bonday, Celoni London, · New York, Daleen.

LONDON BANKEBS 1

(The · London County Wasimingne and-Piera Banh

The Bank has Correspondanti in ill the petsapal Commercial, Ossieur throughout the swell'

K. MAGURA.

Manage.

HONG KONG. BRANCH,

1. De Vanz Bond Osadal Hong Kong, 10th January, 19.

BRINGING UP FATHER

VYELL, WHAT

16 IT.?

ITS THE DOCTOR'S BEL AND IT'S

$450 2,7

YES -AND-A ONLY

TERRIBLE

WENT TO HUMA

FOUR TIMES

day."

"It is always more easy during, o war and in the Immediate after- math of war during a period of in- flation of prices and wages that have a tendency to rise to start a social revolution, The immediate effect of masa unemployment is a damper on any kind of revolu- tionary movement, and that is the difficulty we are up against not only in this country but throughout Western Europe and America."

THE BANK OF CHINA. 行銀國巾

Reorganised October 28, 1928, under special charter of The National Gov- arament as en

INTERNATIONAL EXCHANGE

BANK.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH: 4. Queen's Road Central

the problem, and

it

ia

possible they may take steps to remedy it It has hap- pened before that there have been minor crises

due to maldis- tribution of gold and lack of credit, and capitalism has saved itself by crude methods. It is just pos-

alblo they may be able to evolve a system whereby they make the rentier classes and the Bondholders contribute, and will not allow in- dustry to be strangled altogether, as it is being strangled at the pre- Bent time."

B.A.T. PAYMENT MAINTAINED.

Not too much eignficance should be attached to the declaration of the fourth Interim dividend of the Bri- tish American Tobacco Company at Subscribed Capital ....$25,000,000.00 | the customary rate of 10d., free of Paid-Up Capital -$24,710,200.00 | income-tax, for each £1 unit of Reserve Funds

.$ 8,620,503.82 Ordinary stock. At the annual meeting in January Sir Hugo Cun- iiffe-Owen warned the stockholders that they should realise that in all probability a reduced final dividend for the current year (ending on Owing to our numerous branches in September 30) was Inevitable. Of Chips and large connections in the fm-years the company has been in portant commercial centres of the world, we are able to extend to our clients special facilities for domestic and forsíga banking and exchanges.

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

BROU J. CHEN,

Hong Kong, 5th March, 1931.

Manager.

the habit of paying a final dividend twice no large as each of the four interims.

The final dividend, therefore, affords ample scope for reduction, if necessary. Apart from the de- cline in business and the reaction of the fall in silver on the com- (Continued in next Column.)

THE BANK OF EAST ASIA, LTD.

Established 1918. |-

HEAD OFFICE: ·

10, Des Voeux Road, Central

HONG KONG

Capital and Surplus ............... over H.$ 8,000,000.00 Total Resources ..

... oyer FL.$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,

WELL', WHEN OLD-

AGE GETS A HOLD

CON YOU

WHAT

Chief-Manager.

NOW THE DOCTOR'S

BILL WILL BE MUCH

LARGER !

11

BUSINESS DIRECTORY

DRAWNWORK & EMBROIDERIES

SWATOW TRADING Co.

Established 1910. MANUFACTURERS OF

Swatow Drawn Work

AND.

ART EMBROIDERIES

ANNOUNCE

The opening of a branch stora At Gloucester Building Arcade shortly.----

Watch this space for further Announcements.

LITERATURE

BOOKS

f for All

Bibles, Pocket Testaments, Prayer Books and Stationery.

General Literatura “ Presentation Books Children's Books a Speciality.

SWATOW TRADING CO THE BOOK & BIBLE DEPOT

HEAD OFFICE:-6 Pedder St. Opposite Hong Kong Hotel 'Phone 28303.

ATTRACTIVE TAILORING

The Latest la Gentlemen's Outätting

AT PRICES TO SUIT ANY PURSE. PERFECT FIT AND RELIABLE SUITINGS. WING HING CO.

Gentlemen's Outåtters

64, Queen's Rd. C.

Tel. 21417.

DENTISTS.

HARRY FONG, Dentist,

lat door, No. 74, Queen's Road

Central. Tel. 21255.

TANG YUK, DENTIST ·

Successor to

the late BIEN TING, 14. D'Agullar Street.

TERMS VERY MODERATE Commitation Fres

ELECTRICAL SUPPLIES.

THE GLOBE FOOK CHEONG ELECTRICAL SUPPLY CO., LTD. 72, Queen's Road C. Tel. 28270,

ENGINEERS & SHIPBUILDERS.

W. 8. BAILEY & CO., LTD,

Kowloon Bay.

New Work & Repairs. Call Flax "L". Sole Agents for Kelvin Motors.

FRUITS.

AMERICAN FRESH FRUITS

Emperor Grapes Pearmain Apples Sunkist Oranges Sunkist Grapefruits Phillip Cllng Peaches

EX SS, PRESIDENT· HOOVER Arrived here, September 21 WING COFFEE CO.

Tel. 25869

189 Des Voeux Rd. C., Họng Kong.

pany's operations in the Far East, the addition of £80,000 to the Second Preference dividend require- ment for the current half-year has to be borne in mind, but the In-l crease of 251,880 in the balance) brought in deprives that element of real importance. The Ordinary units

over the lowest touched this year.

Wyndham Street. Next to King's Theatre. Agents for

British & Foreign Bible Society The Religious Tract Society and The League of Nations' Society.

HAIR DRESSERS

LEE YEE,

Ladies' and Gentlemen's Hair Dressers & Booksellers. No. 12, D'Aguilar Street. (opposite :Queen's Theatre).

LIANG YOU Gentlemen's & Ladies'

HAIR DRESSERS. King's Theatre Building, (D'Aguilar St. Side). Tel. 20315.--

MEE DICK

BARBER SHOP Ladies' & Gentlemen's Hairdressers. No. 76, Queen's Rd. C., 1st floor, Tel. No. 26497.

OPTICIANS.

THE HONG KONG OPTICAL COMPANY,

'Phone 22232.

53, Queen's Road Central

SHOES.

Fair Black or Browa Bhoes from $5.00. Black

or

Brown

Boots from $8.09. Children's Boots ar Bhoes from $2.08.

Best styles, most complete stock of all sizes.. Repairing a specialty. WONG SIU WOON $1, Pottinger St. Phone #1474.

SPORTING GOODS

ATHLETIC GOODS

REDUCTION SALE

NOW ON Inspection Cordially Invited.

closed at 70s. 74d., or 18, 74 THE LIANG YOU CO.,

70, Queen's Road C.

Gress Fílitusi nguo geserval

3 YEAR GUARANTEE

AND

2 YEAR EASY PAYMENT

GENERAL ELECTRIC

ALL STREL REFRIGEI

Call or write for full parti

on view at 2 min.

The Hong Kong Electric Co., Ltd, Wm. C. Jack & Co., Ltd.):

The General Electric Co., Ltd.

and Andersen, Meyer & Co. Ltd.