1931-10-09 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

árskerford Omphal

Draad sal Pulj Palday monat 390,000,000

Sering

kasam 110,000, 109

Motorra Lám dále al Propeletors ..... $19,990.684 HEAD WWFICE, HONG KONG.

Wen. Mr.

BOARD OF DIR ROTORS |--

F

Mr. . . . Marria

Chairman.

Hon, Mr. 3. 2. Paterson,

Deputy ChatIDGE.

+ 1. Bell, T. Y Fascia

Ucayton, Kry. 3. A. Plummer. Baş

• Lander Lamis, Zaq. T. II. B. `Cher, Rog.

2. Miekla. Bay.

AMOT

FANGIOM ΠΑΡΑΤΙΑ

*MBAX

WALOUSTA BAUTOH

BAIRAH BODOBOW MAITHONG HAMBU

J. F. Warren, Reg.

Chit Mangat.

“1. Grayburk,

ANCHES:--

LONDON

LTON

MALACCA

MANILA

MUAR (Zak ni

MUKDEN

NEW YORK

ZIPINO

PEVAND

BANGOON

BAIGON

HASON

SINGAPORE

BAN FRANCI@O❤

HOTRAMATA

સમા

LUNARI PASAKE TIENTSIN

TUKIO

SORTURA

JOWŁOKN

{}.a LUMPUR

·THINGTAO

YOKOHAMA

Cerral route opened in Emral Currency and Fized Depoalle renlved to me your p who posted in Lonal Orunay and Britne 24 Jarma which will be quoted on application

Kong $86) Pebruary, 1001.

HONG KONG SAVINGS BANK.

The Burine of the above Bank le sonézet: by the HONG KONG AND SHANGHAI BARKING CORPORATION.

abialaed ne appliétion

Bulan may be

FOR THE HONGKONG AND SHANGHAT BANKING CORPORATION.

V. M. GELTHUBK,

Hong Kong 18 July, 1900.

Oniel Hanager.

THE BANK OF CHINA. 行銀國中

Roorganised October 20, 1928, under

special charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

...$25,000,000.00

Paid-Up Capital

$24,710,200.00

Reserve Fundo

.$ 3,820,509.82

Head office: BhangHAI.

HONG KONG BRANCH:

4, Queen's Road Central.

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

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

SHOU J. CHEN.

Manager. Hong Kong, 6th March, 1931.

THE BANK OF CANTON, LTD.

Established 1912.

Head Onee-Hong Kong.

Authoriend Capital (ILK. Derrancy) $11,809,494

P-Up Ospital .............

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

KEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund

THE

CHINA

MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

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

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

Paid-up Capital

Authorised Capital Straits $20,000,000 lasued Capital

8,000,000

4,000,000

Reserve Liabilities

of Shareholders. Surplus

4,000,000

2,087,000

Reserve Liability of

prietors

Pro-

£3,000,000 ..£4,000,000

..£3,000,000

Agencies and Branches:

ALUB STAR

KUOHING

MADRAS

MANILA

MEDAN

·AMILETRI

BANGKOK BATAVIA BOMBAY CALQUITA CANTON CAWNPODE SEBU COLOMEO

DAIBEN

KUI

LAIPHONG HAMBURG

HANKOW

HARBIN

HANG CONG

ILOILO

ПРОИ

KARACHI

KLAND

КОЛЕ

KUALA KANGBAR

KUALA LUMPUR

NEW YORK

PEPING (Peking)

PENANG. BANGOON

BAIGON

BEKABANO

GREENDAY

BUANGHAI

'SINGAPOUR

HITIAWAN

HOURABATA

TAIPING

TIENTSIN

TOKYO

Every description of Banking and Exchango business transacted.

TAN ENG EKOOI,

Manager,

BANQUE DE L'INDO-CHINE.

READ OFFICE:

#6, Boulevard Haussmann, Paris.

—

BRANCHES:

Hong Kong Quinhom

Salgon Shanghai Bingapore Thanka

Tlentin

Commerce and Finance

SILVER TO THE RESCUE.

Australian Plea for Bimettalism.

France

"

of their money in the West by five- sixths. The measure we propose would reatore it to two-thirds of what it was, in terms of gold, There would be no cotton loome idle in Lancashire if this measure were passed. Nor would 'the Aus- tralian market for British goods

In spite of credits begged from remalu at half what it was twu Our proposal is that and America, and other years ago. mensures framed to stop it, gold free coinago of oliver be permit- fa leaving England rapidly. Why ted; not free in the sense of there not let it go? asks on editorial being no charge, but in the sense writer in the "British Australian that any person taking silver-to the mint and, asking for silver coin should have it on Subscribed Capital Fra, 72,000,000.00 and Now Zealander."

Silver can take its place for of tan realm Pald-Up Capital...Frs. 08,400,000.00

within the Em-payment of the minting charges. Reserve Funds .....Fre.102,000,000.00 settling accounts

pire, and gold can settle, debts This silver coin would contain. abroad-if Britain's foreign credi-with the nelessary minimum of 'tors want it. Industry in this alloy. its face value in silver, A shil. country has been the slave of in- reckoned at 48. au ounce. ance too long; and every day the ling and the other pieces would position of industry grows worse. weigh a little more than the de. Something drastic must be done to based coins now in circulation, on Government' British save it; and very quickly done too. which the

a rather sordid profit, by It is utterly hopeless to look to made IN FRANCE: Comptoir National financiers for guidance in this taking 26 million ounces out of its 'Escompte de Paris; Credit Lyonnais matter, or to expect any reform previous purer silver currency, and Banque de Paris at dos Pays-Bas;

Why should they dumping most of it, on the Eastern from them. Credit Industrial et Commercial; 30-

It le silver market, thus helping to de- want anything altered? sate Generale.

IN LONDON: The National Provin- quite obvious that to those who press the price of silver and res cita & Union Bank of England, Ltd. own the money of the world-that trict the sale of British goods in the East. Empire bimetallim Comptoir National d'Escompte de in, who have an effective call upon Paris: Credit Lyonnais.

Bangkok

TONURAH (b&%wo}

ΤΗΙΝΟΙ ΛΟ

YOKOHAMA

Battambang fue tintho

ZAMBOANGA

Canton

and General

| Djibouti,

Numes

Mengto Nam Đinh

Fort-Bayard Papeete

Raiphong Hankow Hanoi

Peking Tourabe

Paom-Ponh Vinh

Pondichery Yunnanfo

Foreign Exchange

Banking business transacted.

Current Accounts opened and Fix

ed Doposits received for one year or shorter periods at rates

Rosares Fund 2,109,500

BIAXONES (—

be quoted on application.

which will

J. STUART,

Manager.

Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING COCIETY

BANKELB

Established 1994,

des Kong too)—11, Qasen's Bond Coutra..

zukuria Capitai

1219.23.000.) -Up Caplan?

Guild 90,000,00

{21,199,170) Gabarre Fund Builders 40.01$.80

Blad -AMSTERDAM” Eastern Hund (Bon—BATAVIA.

BRANCHES – Bandḥsemaain, Bandoras", Bombay, Das Chartbon, Dramber, Diok zakaria", The Hayus”, Jaddah, Kobe, Hota-Hadļa, Makassar, Medan, Padang Falambang. Pekalongan, PROL Pos Bazoo Besterdam", Bamarang".

Bibelgi hanghai, (Rumate), Blogapore, Aoural Boerakarta (Solo), Tegal, Tilleṭmp and Wallercedes",

Se og bare anda daposli baxan so lui. Senda Dashare :-National Provioda! Bank Lid Corporeale all over the world

Banking business' of avarr

devription seanaaniad.

a. STOKEINK,

Hong Kong, 19th Auguri., LON, ·

THE

fork.

BANKERS:

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

IN NEW YORK: J. P. Morgan & its insufficient stock of gold-a(would give us one excellent and Co., French American Banking Cor shortage of money is an excellent welcome thing-a coin with Ent- On the English paranon; Guaranty Trust Co. of New thing. Should they want to buy pire currency.

florin besides the words now anything with it, the less money

could be stamped there is

It will buy.stamped on it, the more Interest allowed on Current Ac- Suants and Fixed Deposits according Alas the less money there la in others, showing the number of the world, the easter it becomes cents and the number of annas to arrangements.

to draw that it was worth on its silver con. Every description of Banking and for the great financier Exchango Business transacted. more and more of it into his own tent in Canadian and Indian enr

Safe Deposit Boxes to let

hands. "Unto him that hath shall reuey. Australia, South Africa A. BONNAUD,

be given" in the truest of all texts and New Zealand already reckon in the Bible, when money in the ing in pounds and shillings, these Hong Kong, 1st May, 1981.

question. And was not the par-bimetallic silver coins could eir- At the fculate everywhere in the Empire, table spoken of money?

same time this shortage of money at their declared intrinsic value, is utterly ruinous to industry, and without any exchange.

Provision of a universal Empire ia impoverishing nine hundred and

the coin, while important and conveni- ninety-nine thousandths of people in the world. It is, indeed, ent. is nevertheless a comparative- if not the sole cause of their pre-ly trifling matter. The overwhelm- sent poverty and distress; at least ing advantage of returning to bi- the root cause of it, vastly trans- metallism is that of stopping the cending all others in importance. rot in British industry and saving In a world whose capacity to pro- millions of producers throughout

ruin. that the Empire Trom duce every form of wealth people need, in the shape of food, world's annual production of ail- clothing and houses, with accom-ver is only about 265 million If it were all coined and PRnying necessities, amenities and ounces. luxuries of every sort, enormously raised in price from 18, an ounce exceeds any scale of consumption to 4s. it would add £51,000,000 to

the world's currency-to the Im-1 that has ever been approached,

world's poor world is not only a miser-mense advantage of the able world, but a ridiculous one. business; though not to the further of ex- enrichment of the gold owners, Commercial and Travellers' Lotters Only because the means of Credit, Traveliors' Cheques, Bill change are arbitrarily limited by whose power would be lessened, of Exchange and Cable Transfern- bought and sold. Current accounts worship of the gold standard No longer, when there were other and Savings Bank accounts opened, which is effete superstition in the sources for obtaining currency and and Fixed Deposits in local and for many, and calculated wisdom and credit, would those in need of it eign currenclos taken at rates that piety in the few, are goods and be driven to beg for it on their may be ascertained on application to labour both a drug on the market terme. Britain's example in auch

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.$226,087,892

Branches in ARGENTINE LONDON

Kasser.

BELGIUM BRAZIL

AMERICAN EXPRESS COMPANY,

י,

INC.

Head Office: 65, Broadway, New York,

Capital Surplus Reserves

Bri Banos After

..U.S.$6,000,000 ‚U.S.$1,672,454

.U.S.$1,008 209

Simples Panca Parie

LORDE Paking Falerno

totterdam Baza Blamboul

Alerde

BRANCHES :-

Соров

Nor

Acterry Askata

B

Barlin

Binbaş

Bran

Glasgow lavira Hamburg Livra interiakou Jerusalem Lido Loadoa Liverpool Lucerne Gugabo Tutor Marseillaa Hunts Vario

Munic Koutrous Man of

L

Zurich

American

Exprom

Cairo

Daleatis

Canbe Colombe Consistiupola

Capakaga

ILás Florence Cheers

Branchan

Sangbad Beuthampto Singapore

CHILE

CHINA

COLOMBIA

CUBA

DOMINICAN

REPUBLIC

INDIA

ITALY

JAPAN

the Bank

MEXICO

PANAMA

PERU

PHILIPPINE ISLANDS PORTO RICO STRAITS

.

SETTLEMENTS

URUGUAY

VENEZUELA

Martie Tractala

Hong Kong, June 10, 1981.

Vienna

Free Yokohama

Danico, Rinoghal, Hanken, Bestari - Company in Principal cities of Unit- Bangkok, How York and Son Fennolaci.,

ed States of America and Canada. OOKEESPONDENTS

LONDON BANKERS :---

The Lap's Bank, Zlodbad.

Tall prinifpal cities of the Wadd

Foreign exchange, and banking bentnom o vray Éttoripikon tenaunched.

Bus Depots Boxen (raciona siasa) at a poorly

zeal of brom $5 to $15.

LOOK POONG SHAN,

Chief Manag

All classes of Commercial Banking Transactions undertaken.

Personal Investment

handled.

accounts

The Company offers to intending Travellers the ass of its "Travelers THE YOKOHAMA SPECIE BANK, Cheques" and Letters of Credit and,

LIMITED.

Established 1880. Capital (fully paid-up) Yen 100,000,000

....Ven 116,200/953, Reserve Fund

Head Office:-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavis

flerlin

Bombay

Calcutta

Casion

Nagasaki

Nagoya Newchwang

New York Ozka

Paria

Peiping (Dalay) Hangoon Fangtan (Mukden) Rio de Janeiro

Hamburg:

Harbin. Попа Коле Kai Yoan Karachi Kobe

ffanoiulu

London

San Francisco Beattle

Singapore Boerabays Bydney Tientsin Tokya Tsingtan Interest allowed on Current Ac

Los Angelor Manila

Deposits received far áxed perioda

st rates to be obtained on application.

A. MORI,

Manager. flong Kong, Lith September, 1931.

In addition, the world-wide services of its thoroughly equipped, Travel De partiment.

Affiliated with

THE CHASE NATIONAL BANK Resources ..Ûver G12,500,000,000

E. W. DUGGAN,

Manager.

(TAIWAN GINEO.)

The

are so

We are also able to offer our Cas-producers and manufacturers go- reform might or might not bel All tomers the services of the Branches ing bankrupt because they are un-followed by other nations. of the International Banking Corpora- able to sell; and unable to sell be- but America and France tion in San Francisco and Spain and cause workmen without work and short of gold, that it probably also of The National City Bank of

If not, payment of debts: The vicious would. cannot buy. Now York (France), B.A., in Paris Wages

circle in which industry is being abroad might reduce the gold in And Nice.

to a very small amount. F. McD. COURTNEY, strangled contracts and becomes Britain

Bul what matter, since silver Manager. harder to break through, every

could replace it as the basis of in- week and every day.

and for external Bimetallism offers the only im-ternal credits, mediate means of escape-and es-trade with silver using countries, THE BANK OF TAIWAN, LTD. peciully to Britain. A fortnight to any extent required? And the ngo we suggested a step in that retention of the gold standard by direction by making 20 per cent. other countries, if Britain adopted of all obligations payable in il-bimetallism, would give a peculiar ver, at the price of 48. nn ounce impetus to British export trade.

about one-twentieth the price of Up to the 'eightles gold. Such a step is practicable (tury, when Britain had a gold and would be helpful; but it would standard, and most Bank-Notas sood Average amount . $4,000,000 create difficulties and necessitate tries used silver, foreigners who JAPAN-Tokyo Yakahama, Kobe Danke.

adjustments which could be elimin-sold their goods here had a power- FORMOSA 1--Ölma, Kagi, Xaranka, Kless, ated by a bold return to bimetal-ful inducement to buy British Makong, Nadio Skisokiku, laku, ale jism pure and simple-the mone goods, even though similar goods" Takao, Tamui, Town, Helio, Talia CHINA |--Moghal,

Locke,isation of silver equally with could be bought cheaper elsewhere, Swalow, Dazion

Bombay, gold.

·DT ALLES 1---Étieg Bong, flingar,

All that is required is a British payments to them Demarieg,

Bombay. Celesite London, New York, Dalaa.

law within the competence of Par reckoned in gold; they did not LONDON BANKERS: The Landon County Waumier and Pay's Beak liament to pass at once, enacting want gold, but silver, and they

HEAD OFFICE:-Talpeh, Formosa, Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa,

DRAMORES AND AGENCIES,

Hanko

The Bank has Correspondente la all ska principal

Commercial Decirse throughost_the_world,

L. MOURA

Мвори.

HONG KONG BAANDHL:

De Ve Boad Consol. Hong Kong, 19th January, 1929.

of Inst ceu

other coun-

were

that silver, reckoned at the price could do better business for them- of 4s. an ounce, shall be equally selves, by turning British gold valid with geld for discharging all standard money into British goods, monetary obligations in Great Briand selling them at home for murks tain, the Crown Colonies and In- or francs or lire, than by exchang- direct into din. That, if such an Act were ing English money

Then-im- Dansed, the self-governing their own currencies. Domialons would pass similar onesportation of foreign goods much is hardly open to doubt, To Aus-more automatically brought about a corresponding export of British

THE BANK OF EAST ASIA, LTD.tralia, with its rich silver

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central. HONG KONG

Capital and Surplus Total Resources

over H.$ 8,000,000.00. over H.$80,000,000.00 Every description of Banking and Exchange business transacted.

Current and Fixed Deposit Accounts in local and for- alga currencies opened for clients.

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

KAN TONG PO,

Chlef Manager.

fines,

When

If Britain set the example, bimutal- goods than it does to-day. To-day Jism would be a very great boon. the purchase money for foreign Would the other nations follow goods la paid in pounds based on that example? The enormous im- the same gold standard as the dol- that the petus bimetallism would give to lare, marks or franes,

seller desires. He can change his trade with India and China, - who' have most of the world's stock of pounds into these advantageously silver, would be a powerful incen- and spend the proceeds, not in tive to its adoption by nations an- England but elsewhere. xlous to share in a quadrupled, England used gold and other coun- market. The

Eastern nations, tries wanted aliver the difference which use allver as currency, havo in standarde constrained foreign been exasperated, puzzled and sellers to buy British goods. Now plunged lato poverty by Its fall in that other nations have adopted a price, from 68. an ounce about gold standard, a return to bimetal eight years ago, to about 1s. anism here would be a big factor ounce to-day. A power beyond in contrafolow foreigners who their comprehension or control 'sold in this market to buy British bas reduced the purchasing power goods again: '

FRIDAY, OCTOBER 9,

Overland China Mail.

1931.

A WHOLE WEEK'S - NEWSPAPERS IN ONE.

Speaking on behalf of himself and the Government at the Legislative Council Meeting on October 1, H.E, the Governor (Sir William Peel, K.C.M.G., K.B.E.) expressed intense horror at the disgraceful acts which were com mitted and the tragedies which occurred during the anti- Japanese riots in the Colony. His Excellency said he found it difficult to express sufficiently strongly his views on what occurred, but added his gratitude to H.E. the General Officer Commanding the Troops (Majör General J. W. Sandilands, C.B., C.M.G., D.S.0.), and the officers and men in hls com- mand, who gave such sterling assistance, when matters became more serious. A full report is chronicled in the OVERLAND CHINA MAIL.

*

*

In the course of the week, several Chinese, arrested in possession of pamphlets of an inciting, or anti-Japanese nature, were dealt with by the local Magistrates. In one instance a young educated Indian, was sent to jail for six months and he is to be expelled from the Colony, Chinese who looted houses in the Japanese quarter in Wanchai dur- This is all contained in ing the trouble, were also juiled. the OVERLAND CHINA MAIL.

*

*

St. Andrew's Church, Kowloon, recently celebrated its 25th Anniversary, in the form of an Olde English Fayre, at which the Hon. Mr. W. E. L. Shenton, who presided made a most eloquent speech. Mrs. Southorn, who opened the function, made a happy speech. The Faire, which was tra- 'ditional of England in the latter part of the 18th century, met with unqualified success. The celebrations were con tinued on Sunday (October 4) when special services were held. At matins, the Rev. A. D. Stewart, M.A., recalled in an' interesting sermon the history of St. Andrew's. The OVERLAND CHINA. MAIL contains a full report,

Introducing the Colony's Budget for 1932, at the meet. ing of the Legislative Council on October 1, the Colonial Secretary (the Hon. Mr. Wilfrid T. Southorn, C.M.G.) said that the present was a moment of great financial perturba- tion. The estimated revenue for 1932 is $33,991,510, and the estimated expenditure is $33,981,661. A full report is furnished in the OVERLAND CHINA MAIL.

墀

The OVERLAND CHINA MAIL carries with it a detailed account of the St. Paul's Girls' School Bazaar, and also of all the season's sports.

There is, no phase of the life of the Colony or of China that does not receive attention in the OVERLAND CHINA MAIL — the weekly paper that YOU MUST ORDER NOW.

READY NOW.

Mail via Sucz closes at 10.30 a.m., October 10,

and via Siberia at 10 a.m. October 10,

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44

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No. SA, WYNDHAM STREET-PHONE 20022,

THE OVERLAND CHINA MAIL.”

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