1931-10-16 — Page 2

THE

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

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capital maananta Trenež sad Pulis Paid-up Movers Tanda 1-0-

mus $10,000,000

#heritage, £ 6,960,000

# F25,000,000

Mary Calg af Propelatore ........... $18,000,000

URAD #FICE: HONG KONG.

BOARD OF DIXMOTORS :- Hon. Me. O. O, H. Kaakia. Okalmat

✔

Hon. Mr. 3, J. Talococa, Deputy Chairwan.

Mat Mr. R. Bell, T, I Fares. His

4. Campion, Eag. J. A. Mluminat, B

☐ Lander Lewis, Zog, T. It. R. Shaw, Ree-

46. Martela, Mag.

J. P. Wacron, Big,

Ohlal Manager,

* Grayburn, Ms.

ANCHES:—

LONDON

LYUNK

MALACOA

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

BATAVIA HONMAY CALCHITA CANTON DAWNPORK CRDU COLOMBO DAUIEN

HALPHONG

THE HO HONG BANK, LTD,

(Established 1817)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 18, Queen's Rd, C.

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

AMOY

BANGIOA

BATAVIA

ROKRAY

CANTON

AMAITURE

BANGKOK

Every description of Banking and Exchange business transmetod.

TAN ENG HOOL,

Manager.

H

8,000,000

Paid-up Capital ...

4,000,000

Reserve Liabilities

HEAD OFFICE: LONDON.

of Shareholders. Surplus........................

한

4,000,000

2,087,000

Paid-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

.£3,000,000 .£4,000,000

.£3,000,000

Agencies and Branches

ALUB STÅR

་

KUCHING

MADHAB

MANILA

NEDAN.

NEW YORK

BANQUE DE L'INDO-CHINE.

PEPING (Peking?

PERANG

RANGOON

BEAD OFFICE:

BAIOON

#6, Boulevard Haussmann, Paris.

DELIU

REMARANG

BEREMBAN

HAMBUBG

HILANGĦAL

BANKOW

..FINGAPORE

TARBIN

SITIAWAN

TÙNG HONG

BOURADAZA

MANILA

[POB

TIRNIHIN

MUAR (Jahre) MUEDEN

TOKYO

TONGEAH (1)bakul)

TRINOTAÐ

KUALA KANORAD

YOKOHAMA

PRIPING

KUALA LUMPER

ZAMBOANGA

Foreign Exchange

and

General

Canton Dilbouti

CALGUTTA

VOLOMBO BAIXEN РОССПОР

NEW YORK

HAIPHONG.

ПАХВОВО

HANKOW

WARNIN

HONGKRW

(LOILO

[POH

TOND

MONN

LOWLOON

KUALA "LANPUR

PENANG

BANGOON

BAIGOX

SAN FRANCIOUS

BRANDDA

SINGAPORE

GOTRADATA.

RUNGE PATANI TIENTSIN

TOITO

THINGTAO

YOKOHAMA

Current Antounie opened to Leds! Untramy Did Jed Deposit received for and your aborier periods in Local Currency and Barling en forma which will be quoted an appilaavias.

Long. 1 February, 1881.

HONG KONG SAVINGS BANK.

The Huslass of the shore Bank is sondast.

od by the HONG KONG AND SHANGHAI BANKING CORPORATION. Balss may be abwized no application.

FOR TUP HONGKONG AND CHANGHAI MANZINO CORPORATION.

7. K. GRATBURN,

Heng Long, 19th July, 1906.

Unia! Manager,

THE BANK OF CANTON, LTD.

Established 1912.

Load Office: Hong Kong.

Avidorian Cupital (11. Outreany) (11,009,w20 1,000,000 Paid Up Capital Besocre Fund 1,100,000

BRANCHES :-

Canton, Bingkai,

arpsbo

Bankow, SeaNCON,

Bangkok, New York and Ban” #equatora.

СОРЛЕНРОКОВИТА

LONDON BANKERB

The Lord's Fank, Idmiled

in si principsi oliken of the Portal.

Freige arhangs and banking buaianas s

every descripilos trensaiad,

Bale Deposit Boxes (various sizes) as a paariy

rub of from 5 to 10

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

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

1LOILO

KABACZE

KLANO

ZOBR

TAIPING

Banking bustness transacted.

Current Accounts opened and Fix-

be quoted on application.

L

Manager.

J. STUART,

Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL, MAATSCHAPPIJ, N.V.

Peking

CHINA MAIL.

Commerce and Finance

AXE AT HOME.

Careful Scrutiny of Expenditure.

SALARY CUTS.

to

In

FINDING MARKETS.

Problem Allied with Advertising.

mercial literature.

FRIDAY, OCTOBER 16, 1931.

AUGUST TRADE.

July Recovery Barely Maintained.

The full returns of British over-

HOUSE SUBSIDY.

Builders Suggest a Withdrawal.

of

The National Federation |seas trade in August show that the House Builders has sont a mani- recovery which took place in Julyfesto to all members of Parliament has barely been maintained; in

& Union Bank of England, Ltd; exercised in settling the charges from this restaraint on the part of as compared with August, 1930.

the writere.

BRITISH CELANESE WORKS.

some instances, in fact, the posi-stating that if the national pro- tion in August was less satis-gramme under the Housing Act is Marketing problems and adpertis-factory even than in June, though, carried out in five years the coun- Ing aro so closely allied In the since the uncertainty caused by the The Minister of Health, in a cir- modern business organisation that financial trisia had not developed try will be saddled with a burden eular to local authorities, says: "Market Research," by Paul Red-in June, this state of affairs is per- of over $20,000,000 a year in hous-

ing subsidies. The Government have given con- mayne and Hugh Weeks (Butter-haps only to be expected,

A feature of the returns is the

The manifesto sideration to the question of reduc- worth. 78, 68.), falls naturally to

states--"Tho tion of local expenditure generally, The Library of Advertising. It is continued increase in the Imports-

appear of tion of numerous classes of mana- withdrawal of the 1924 Act sub- over and above the reductions in the first volume to Subscribed Capital Fra. 72,000,000.00 special branches of that expendi- series which promises to be most factured goods, especially textiles; sidy can now be unfely accomplish- ed. The need for houses for the Pald-Up Capital...Fr. 88,400,000.00 ture which will be dealt with invaluable, writes G. P. 3. in the Daily it is also noticeable that exports of

Telegraph..

textiles have been reasonably well Ceserve Funds ....Frx.102,000,000.00 special circular letters.

can maintained in the last two or three working classes can be met by How an average business BRANCHES:

means of the subsidy under the The Government find themselves Hong Kong Quinhor

adapt its selling urganisation to months, asugkok

Saigon compelled by the necessities of the modern method, the technique of Battambang Hue

The value of the month's In-Housing Act, 1930, and by the Mengtzo Shanghal

financial situation to impose on the distribution, and the whereabouts ports was 266,261,086 against £70,- existing municipal houses which Năm Đinh

Bingapore

community a heavy additional:

of existing statistical and market 145,883 in July, and £79,853,076 in would become vacant if the tenants Numea

burden of taxation for national information are dealt with thorough- August last year,

British exports were limited to only those of the Tientsin Fort-Bayard Papeete

Tourane

services, and at the same time

ly and practically, without the were £29,136,916, against £34,261, lower-paid working classes.

"The resumption of more normal Haiphong Hankow Pnom-Penh Vịnh

make large reductions in the na-usual plethora of trans-Atlantic 660 in the previous month, and nd Deposits received for one year or

Pondichery Yunnanfu ilanol which will

tional expenditure, some of which technical jargon one has unhappily £42,776,969 in the corresponding housing conditions would automati- aborter. perloda at rates

DANKERS:

to involve heavy

come to and associated with com-month of last year, while re-exports cally lead to reduced building coats, IN FRANCE: Comptoir National are such as

were down to £3,850,054, represent and as private enterprise regained 'Escompte de Paris; Credit Lyonnais; sucrifices by the community. Ganque de Faria et das Pays-Bas; these circumstances It seems to the

A readable volume, as well as an ing a fall of £1,035,966 as compar-confidence the amount of building Credit Industrial of Commercial; o Government of the first importance educational textbook, has resulteded with July, and one of £2,192,116 would increase, and unemployment in the industry he correspondingly dete Gancrale.

reduced." IN LONDON: The National Provin- that the utmost care should be emptoir National

The book may come as a surprise d'Escompte de to be imposed on the community since rate- Par; Credit Lyonnais.

to those who still favour the "slap- very IN NEW YORK; J. P. Morgan by way of local rates,

dash" methods of making an article, fo., French American Banking Cor payers and taxpayers are

Inhelling it British (and therefore) paration; Guaranty Trust Co. of New largely the same people. fork.

best) and trusting to luck to see the The Government would not, how-sales figure mounting higher month

Many of the workers who came from ever, contemplate that local au- by month. Happily. however, few-

are Lancashire

returning pants and Fixed Deposits, according thorities should embark on a whole-such trusting souls are left among

there, while others are removing to Derby, September 7.

other centres. Negotiations are sale and ill-considered course of us. The fact that the writers of cutting down expenditure, what-the present volume are members of

firm of Messrs. Cadbury The British Celanese Company at proceeding in connection with the erer be its character or its pur-the

admirable illustration of the value close down ite weaving department. duction of wages of about 1d. an neither necessary nor advisable.

What they would desire is that attached to sound, independent mar- Altogether 600 weavers have been hour. each local authority, through its ket investigation by some of our finance or other appropriate com- oldest and largest manufacturing mittee or through such special concerns."

What market research means is committee, not necessarily wholly

of the au- well defined in the following story, composed of membera thority, as have already been ap-takon. from the book:

"An English manufacturer of cx painted in some areas, shall subject

de-cellent egg cups heard that there immediately to careful and tailed scrutiny the whole field of was a great market for his wares its expenditure, examining, for in India, and sent out large quan- example, whether full value is be-tities to that country, making ar He ing obtained for money spent, what rangements to sell them there.

in the ad- believed his part of the work had' savings can be made ministrative, machine In all its now been completed efficiently, and branches, whether development of it simply remained for him to wait any services cannot safely and pro- till his agents had disposed of the the money. perly be slowed down till better stocks and to receive

About the same time a Continental! times.

NETHERLANDS TRADING BOGLETT:

BANKERS.

Retablished 1834, Heng Long Doe:-11, Queen's Bood Daniral. Axsoriead Capital Builders 150,000,000-

(219,820,009,7 Fali-Bp Capital

Guilters 0.04 (0,668,370) Becerra Fund

Guilder 60,010,000 (22,584,644)

LO-AMSTERDAM Earler Boed Uflow:-BATAVIA. BRANCHES in Bardemanta, Baodong". Bombay, Calcutta, Cheriton, Diamber. Disa· jakarta", The ilagua". Joddsh,_Lobe, Kora-Badja, Makassar, Medan, Padang Palembang, Fatalonga Papan Footisak, Bengono, Rollerdain",

Shangha Samarang

Bibolas (Butasies) Bingapore, Roursbris, Sorakaria (Bole). Tagal, Tillzjsy sol Walteradan".

Then one have sais čeposih baka to lai Lendus Danker-National Provincial Bank Ind. Corpoudela aŭd over the world

Banking biasa di avary daripilon transacted.

A. HTOKKINX,

Kong Hong, 14h Angsa), 1990.

THE

Interest allowed on

Current Ac-¡

to arrangements.

Every description of Banking and Fxchange Business transacted. Sale Deposit Boxes to let

A. BONNAUD, Hong Kong, 1st May, 1981.

Detailed Scrutiny,

600 Men Discharged.

discharged, and it is understood that the celanese weaving work will be put out.

Manager. Dose. Such a policy seems to them! Brothers, Limited, Bournville, is an Spondon, Derbyshire, has decided to firm's demand for an all-round re-

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits.U.S.$228,037,892

Branches in:-

ARGENTINE

Manager.

PELGIUM

BRAZIL

CHILE CHINA

COLOMBIA CUBA

DOMINICAN

REPUBLIC

AMERICAN EXPRESS COMPANY,

ملاعمدة

INC.

Head Office: 65, Broadway, New York.

1.1.86,000,000 U.S.$1,572,454 U.S.$1,908.202

BRANCHES:-

401jt

INDIA

ITALY JAPAN

MEXICO

LONDON

PANAMA

PERU PHILIPPINE

ISLANDS FORTO RICO STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

In making such a survey, com- manufacturer also entered the In- Commercial and Travellora' Lettera mittees should, in the view of the dian egg cup market and made care- of Credit, Travellers' Cheques, Bills Goverment pay special regard, inter ful inquiries as to the size of the of Exchange and Cable Transfersalin, to such questions as whether eggs usually eaten in India, and were considerably Current accounta

a service is or is not likely to be finding, these and Savings Bank accounts opened and Fixed Deposits in local and for remunerative either at once or in smaller than in Europe, made spe

at rates that une near future, whether it is re-icial cgg cups to fit them. eign currencies taken

The result was that the Con- may be ascertained on application to quired on urgent grounds of public

bought and sold.

the Bank.

Haplos

Pirus

ماست

FADE

Capital

special charter of The National Gov- ernment as an

Reorganized October 28, 1928, ander

Surplus

Reserves

INTERNATIONAL EXCHANGE

BANK.

Autwar

Athens

Denom Gangow Патака

Pald-Up Capital

.$24,710,200.00

Eleale

Husbars Harro

Reserve Funds

$8,820,603.82

BJARTILA

Bombay

Inseriakan Jusalam

iram

Lidu

HEAD OFFICE: SHANGHAL.

Brussala

Juno A

Uaire

HONG KONG BRANCH:

Peking Factio Bourdain Sparta Bamboul Shanghai Bouthamp Bluego por Bt. Mori Trentais Vianna - Yelon

Tokokaza Zurich

4 Queen's Road Central,

Owing to our numeroas branches in China and large connections in the im- portant commercial centres of the world, we are able to extend to ear ellents special faoliitios for domestic and foreign banking and exchanger.

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

SHOU J. CHEN,

Manager. Hong Kong, 6th March, 1981.

Calcutta Cachor Colomb Donstantinople Dopaskaga Edinburgs Порака Gabert

Loadoa

Liverpool LASTE

Legio for Marvellas Mools Carin Manila Kuntok

MoBirour Milan

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

All classes of Commercial Banking Transactions undertaken.

Personal

handled.

1.

investment

accounts

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

LIMITED.

Established 1880.

Afiliated with

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

.......Yen 116,200,000

Head Ofles:-YOKOHAMA Branches and Agencies at:

Alexandria

Batavia

Berlin Bombay Calcutta Canton

Changchun

Dairen (Dalny)

Feng

Nagasak!

Nagoya

Nowchwear Now York Ozaka

Pari

Polping Rangoon

(Mukdon) Rio de Janeiro

San Francisco

Hankow Harbin Hong Kong Popolalu

Kal Yo

Karnob

Kobe

London

Los Angeles

Beattle

Bemarang Kalmonosoki

Singapore Boerabaya

Tokyo

Telortan

Interest allowed on Current Ao- egunta,

Deposits received for fixed periods ai ratas to be obtained on application.

H. MORL

Manager. Hong Kong, 11th September, 1981.

Resources ..Over G$2,600,000,000

E. W. DUGGAN,

Manager.

and Nice.

F. McD. COURTNEY,

Hong Kong, June 16, 1981.

We are also able to offer our Cas. health or other grounds of similar tinental manufacturer sold large tomers the services of the Branches public urgency, whether it is justi- quantities of egg cups, while the of the International Banking Corpora flable on the ground of the contri- Englishman's remained unsold in an tion in San Francisco and Spain and bution which it makes to the pro-Indian warehouse. Probably in pre also of The National City Hank of vision of employment for local war days, when this happened, the Now York (France), SA in Paris workers, thereby avoiding the foreigner's simple question was not throwing of charges on national or dignified by the name of market re The propriety of search; but, nevertheless, that is Manager. local funds.

rattoning the spending committees what it was."

It is fitting that the admirable: or the local authority merits care-

foreword, summarising the func ful consideration..

tions of the advertising agent, the selling organisation, and the manu- In dealing with this matter the facturer in the process of efficient question whether any reduction distribution, should be contributed should be mado in the remunera-by an advertising specialist, Major au G. Harrison, a member of one of tion of employees of local thorities will inevitably arise. It the biggest advertising agencies in will be within the knowledge of Britain. Blank-Notes urned &tirage amount an. 65,000,000 local authorities that the Govern- ment have felt themselves compell-

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

HEAD OFFICE: Taipeh, Formoza

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formos,

BRANCHES AND AGENCIES,

Salaries and Wages.

SAPAN-Toire. Yokoba, Habe, Osaka FORMOSA 1-Dizao, Laghj Earoko Kaged by the exigencies of the situation Halong Nenis, Bhinchins, Talons, Taina to Impose percentage reductions on Takao, Tamoul Tosa, ilalta, Tulio,

yoonkow, the higher grades of salaries in the CHINA-taught, Hanko,

Вале, Сваво

the

50 PER CENT. FROM TOWEL SUPPLY.

When the prospectus of service of the Crown, leaving the Initial Services (1928) was Issued, Bombay. Calcutta lower grades of salaries to the un- the directors announced their inten-!

restricted operation of the cost-of-tion of continuing the policy which The Landon County Rassie and Farr's Bank living bonus arrangements. Reduc-for many years had produced an ex- The Bank has Correondante in all the prizelpations are also being made in the panding profit total. The company

OYAEB81-Ends Long, Blagspore, Bowrabaya,

Bemang. Davi

Loodos, New York, Dairan.

LONDON BANKERS :

Commernia) Damiems throughout, the world.

L. NAGURL.

HONG KONG BRANCH:

B, DV Bend Bestral. Hong Kong 15h January, 183,

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux 'Road, Central. HONG KONG.

Capital and Surplus

over IL$ 8,000,000.00

Total Resources

over 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 ellents.

Savings Account and Bafe Deposit Boxes. Branches and Agencies all over the world. -

KAN TONG PO,

Chief Manager.

emoluments of classes of

Local

officers of services which are the specialises in the supply of towels to offices, and also maintains a tea subject of percentage grants from service. That the undertaking has the Exchequer and in the remunera succeeded, during a period of deep tion of ductors and chemists under Industrial depression, in returning the National Health Insurance a profit of £210,542, which is alight- scheme. The conditions of the

ly in excess of that recorded pre- local government service and the ranges of salary vary 40, material-viously, is certainly a tribute to its polley, of earning a comparatively ly that the Government do not small profit on a large number of think it practicable even if it were transactions.

Not only is the company again desirable for them to impose any hard and fast rule on local au-distributing : 60 per cent, to Ita thoritles in this matter. But they Ordinary shareholders, but the ap- are conúdent that officers of thepropriation to its general reserve on

not local government. 'service

this occasion is £45,000, against in affected by the reductions £80,000, and a larger balance of emoluments above referred to, will £17,809 is carried forward, although be prepared to take their contribu- this time nothing is written off tion in the present emergency, and goodwill. The balance-sheet la note- they think that each local authority worthy by reason of its indication should discuss the situation with of the liquid position of the com- Its officers with the object of an suring that all may have an op-pany. Cash at bankers and in hand portunity of sharing equitably in amounts to £115,672, and, the in- vestments in British Government, the sacrifices demanded by national

securities at cost, less reservé, arël need.

returned at £102,766.

Overland China Mail,

A WHOLE WEEK'S NEWSPAPERS IN ONE.

A prolit of nearly $30,000 the highest yet reached by the Company was reported by Mr. A. B. Stewart, who presided over the tenth ordinary yearly meeting of the Hong Kong and Canton Ice Manufacturing Co., Ltd., held on October 9. The Chairman stated that the high profit was due to the fact that trading conditions in Canton and its environs have been more or less undisturbing, during the year under review, and they had been able to establish a number of new sub-agencies. In and around Canton. The OVERLAND CHINA MAIL gives a detailed report.

*

There was very little of a sensational nature at the Ninth Extra Meeting held at Happy Valley on October 10. Dividends were poor, times very slow, and the fields, the majority of them, remarkably small. The highest dividend of the afternoon - $70.30 was paid by Grey Dawny ridden in the last race by Mr. D. L. Newbigging. Favour- ites, on the whole, disappointed, and the absence of Apollo in the Double Tenth Plate, was noticeable. A full report is chronicled in the OVERLAND CHINA MAIL.

Torture was alleged by the prosecution in a case of assault heard by the First Magistrate in the Police Courts The torture took the form of tying a man's recently, thumbs behind his back, and putting the rope over the balustrade of a cock-loft, and then pulling the man's arms far as they could go. Handfuls of Hghted up as tapers, held by two Chinese, threatened to burn the victim, who had been suspected of stealing. A full account is contained in the OVERLAND CHINA MAIL.

*

A story of a thrilling rescue at sea was told on October 13, on the arrival in Hong Kong harbour of the 8.8. Kuei- chow (Captain D. Williams), from Tongku and Wei-hai-wel. The rescue occurred on the vessel's trip north from Hong Kong on October 1, in a position some distance from Wei- hai-wei, when she passed a water logged junk. On closer inspection it was found there were people on board. The OVERLAND CHINA MAIL gives a full account.

#

Sports are dealt with in detail in the OVERLAND CHINA MAIL which duly chronicles Hong Kong's defeat of Shanghai in the first lawn bowls encounter, and the first. Interport trial cricket match, between elevens captained by T. E. Pearce and H. R. B. Hancock, respectively.

#

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

READY NOW.

Mail via Suez closes 6 pл, October 16.

and via Siberia at 5 p.m., October 17. SINGLE COPY ...... 25 Cente

[Bold on the streets and at the bookstally or you can'

subscription to the allow HH, $18 per annOW, WE $19. Including postage abroad. Half-yearly

De- quarterly "perioda pro ratá.3

No. SA; WINDHAM STREET-PHONE 23432.

THE OVERLAND CHINA MAIL”