1931-10-27 — Page 2

CHINA

MAIL.

TUESDAY, OCTOBER 27, 1931.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capital

Errand and Wally Taidep mammo 226,108,100 Jouervo Fusda-

Making anemia à 1,400,000 Sure. (10,000,000 Boners Klak Big al Progelators w... 120,200,001

KERAZ) #EFTON, HONG KONG.

BOARD OF DIAZOTORS (→→

Kan Mr. C. 9. K. Meskie,

Elon. Me. 7. #. Palatoon,

Busly Chairman:

K. . . Ball, T. 1 Fearon, Ho

* Compton, Esq. X. A. Plymmat, · Beg.

Laadu Lewis, Hog, T. II. H. Shen, Hon.

A. Muda. Mog.

ΑΝΟΣ

3. E. Warren, Bes

Onial Manager.

*6 Graybara, Weg.

ANCHE:--

LONDON

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

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£3,000,000 .£4,000,000

Roserve Liability of Pro

prietors

.$8,000,000

Agencies and Branches:

LUSHING

MADRAS

ALOR STAR

AMRITSAR BANGKOK BATAVIA BOMBAY CALCUTTA CASTON CAWNPORE

CEBU

HAMBURO

HANILA

MADAN

N&W TOBI

KPING (Peking)

PKNANO

PANGOON

COXAMNO

DAIREX

BLIGON

ARMABANG

HAIPHOND

ВРЕДИВАЯ

BHANELAI

HAXHOW

SINGAPORE

LYOKE

HARBIN

UITIAWAN

MALAOUA

RONG LONG

BOURABAYA

ILOILO

TALPINO

BOMBAY

MANILA

IPOUL

DALORITA-

MUAM (Jakes!

ХАЛЛОН

CANTON

MUIDEN

ELANO

хов

ΕΜΠΡΟ

NEW YORK

COLOMBO

PRIPING

KUALA XANGBAN

BAXOXO

MATAVIA

DALERY

OOGEOW

IFEONG WANBURG ALANKOW *

WARNIN

MONOKER

ILOILO

LFOM

JOHOR

KORN

KOWLOOK

KUALA LUMPUR

PENANG BANGOON

BAIGON

SAN FRANCISONV

SHANGHA... SINGAPORE

BOT RABATA RUNGHI YAZAJI

TIENTSIN

TUETO

.TBIXOTLO

YOKOHAMA

Datras ate oprost in Lead) Overigey and hard Deposita escoitad for me zove, at starter periods in Loos! Ourrymey and ver

wem which will be quoted in appllanden. Kong Kong, Mik Fodenary, 1901.

HONG KONG SAVINGS BANK,

The Dariusin of the shove Bank is somőver-

ed by HONG LONG AND SHANGHAI BANKING CORPORATION,

•stalined on· application..

Balsa may be

FOR TELE HONGKONG AND SHANGHAI

· MARKING CORPORATION.

V. M. GRATEURN,

Hong Kong, 19th July, 1900.

Chlef Manager,

THE BANK OF CANTON, LTD. Established 191K.

Head Office: Hong Kong.

Aviberian Onglial (IE.I. Overonos) $11,000,ade Fold-Up Clapli .........

Booters Fund Donate

BRANCHES —

1,180,000

Chain Shanghai, Hankow, Ersler, Bangiok Bay Tech sad Son Traders,

CORRESPONDENTS

LONDON SANTERS :---

The Llard's Bank, Lézalbed.

in all principal cities of the World.

Torgs kange and beating bednom o

arity Loveripilen Gramenoted.

Sas Depois Bane (various done) at a

marly

·LOOK POONG BHAN,

KUALA LUMPUR

TIRMY BIN

TOKYO

TONOKAH (Bhuket)

TRIMOLAO

TOKOHAMA

LAMBOANGA

Foreign Exchange

and General

Banking business transacted.

Current Accounts opened and Fix-

ed Doposita rooolved for one your ur shorter periods at rates

be quoted on application.

which will

J. STUART,

Manager.

Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDA TRADING BOCIET])

BANKERS.

Established 18H, Hips Xang Oos:--il, Umen's Boni Omaseni. axherived Capital -------- Guildsen 168,800.000. ................. Grilldars 10,016,00€ Fold-Up Deplia!

(ALAR_179) BT Fund Gružidaru 40,415,200

(23

Bead Udhoo-MSTERDAM" Eastern Hand O#29:~BATAVIA. BMA NOIMA)- Bandjarmasin, Bandonna". Bombay, Calcula, Chariton, Djacabar, Djok Jakarta", The Hague', Zodiak, Köbe Lola Bada, Makasoor, Modas, Fukasa Pylambrag Fokalongan, Pang Pontianak Bangoes, Zobierdam Mazharsog", Bhat Sibolg

Tjilatey and

(Damars

Beerakarta (Bolė),”

Waltereodal".

* Three olsom hare sale deposit boxes in las London Bankar-Botional Provinsial Zank Kö

Correspondeci ali onar the world

Bambing bosses of avary description trespacial.

1. STOKKINE,

Eng Lang, 184h Angua), 1900.

THE

Manage

Chief Kanager. AMERICAN EXPRESS COMPANY,

THE BANK OF CHINA. 行銀國中

Reorganised October 20, 1918, under

special charter of The National Gor

erament as an

INTERNATIONAL EXCHANGB

Bubscribed Capital...$25,000,000.00

INC.

Head Office: 65, Broadway. New York

Capital

.Surplus

Reservas

BANK

Anty.

Pald-Up Capital

$24,710,200.00

Reserve Funde

..$ 2,820,503.89

Resis Berlin

Biarri

Babay

HEAD OFFICE: SHANGHAI.

Bremen

Bessels

HONG KONG BRANCH:

4, Queen's Road Contral

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

We also handle the lane of Boads and ather Public Funds of the Chin- 45 Government both at home abroad.

SHOU J. CHEN,

and

Manager,

Hong Kong, 5th March, 1931,

Bones Als

Calro

Calonia

BRANCHES

Ge

Glasgow Harian Hamborg Harry Ixtachikan Jorussian

Loodes Liverpool

Ingre Izo Marvellos

U.9.30,000,000 U.9.$1,672,454 U.5.$1,908,209

Baglan

Para

Penang

Feking

Palermo Botterian Boma Bamboot Shanghal

leathan

THE HO HONG BANK, LTD.

(Ertabled 1917.)

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

Authorlied Capital Straits $20,000,000 Issued Capital

Paid-up Capital

Reservo Liabilities

of Shareholders. Surplus

...

8,000,000 4,000,000

#

4,000,000

Commerce and Finance

2,687,000 MEETING THE CALL.

Branches, Agencies and Correspon dents in the principal elties of the

world.

Erary description of Banking and Exchange business transacted.

TAN ENG HOOI,

Нападот.

BANQUE DE L'INDO-CHINI.

HEAD OFFICE:

Business Men and the

New Taxes.

GAS AND ELECTRICITY.

Mr. Lansbury on Their Benefits.

Mr. George Lansbury, First Com- missioner of Works in the late Gov. Sir Francis Joseph, Chairman of ernment, was the principal speak- er at the inaugural iunch in Lou- A. and S. Henry, Limited, and don of the International Illumina. September 1. President of the North Stafford. tion Congress on 96, Boulevard Hausmann, Parla.

shire Chamber of Commerce, who Lleut.-Colonel Kenelm Edgcumbe, Subscribed Capital. .Frs. 72,000,000.00 was a member of the Government chairman of the General Council, presided over a large attendance, Paid-Up Capital ... Frs. 68,400,000.00 Trade Mission to South Africs in which included Lord Wargrave, Reserve Funds ....Fra.101,000,000.00

the 1980, addressed the Manchester chairman of Luncheon Club on "Businessmen Electric Supply Corporation, Sir Francle Goodenough and Major and the crisis."

General Sir George Younghusband. Proposing the tomat of the Inter- Congress, national Illumination

BRANCHES:

Bangkok Hong Kong Quinhen Battambang Hue Ganthó

Canton

Djibouti

Fort-Bayard Paposts

Haiphong

Hankow

Saigon Shanghai Mengixo Nam-Dinh Bingapore Numea

..Thanka

Tiantain Peking

Tauran Pnon-Penh Vinh. Pondichery Yannanfu BANKERS:

EL Dol

IN FRANCE: Comptoir National Escompte de Paris; Credit Lyonnais; Banque de Paris of doe Pays-Bas Credit Industriel et Commercial; 80- Ace Generale.

IN LONDON: The National Provin-

Westminster

He said that people who talked glibly about putting more taxes on wealth should remember two things r. Lansbury said he understood hat one of the objects of the con- -first, that before, the now taxes erence was to make better known which we now had to face we had the advantages of the use of gas already imposed greater burdens on and electricity, and especially the every form of capital than was im-ways that either might be used with the idea of increasing both expen- posed in any other country in the diture and consumption. (Laugh.

a & Union Bank of England, Ltd.; world; secondly, that increasing the ter). Comptoir National d'Escompte de rate of tax only defeated the end in Paru; Credit Lyonnais.

He pointed out that the organisa-

IN NEW YORK: J. P. Morgan & view, bocause they were jeopardis-tion for making known the better use of illumination had been in Dur- Co., Franch American Banking Coring the chances of employing their existence for thirty years. peration; Guaranty Trust Co. of No capital in such a way as would ca-ing those years l those associated able it to earn the taxes levied upon with the task of lighting had done it.

their best to pool their knowledge

York.

Interest allowed on Current A counts and Fixed Deposits according to arrangements

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

A. BONNAUD,

Hong Kong, 1st May, 1981,

The vote of confidence given to and co-operate, and ho believed the Government did not mean that that the only true law of progress the crisis was over. In his opinion was to be found in co-operation. it had only begun. To put it blunt-He hoped that those interested in ly, the Government had published a the task of furthering the advant Manager. balance-sheet and made a call upon ages of gas and electricity would the shareholdere. It would need a do still more and more for the ser- good deal of ingenuity as well as vice of every department of human sacrifico on our part to pay the affairs.

·THE NATIONAL; CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits ..U.8.$220,087,392

Branches in

ARGENTINE BELGIUM BRAZIL CHILE OKINA COLOMBIA

GUBA

LONDON

MEXICO

PANAMA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS

REPUBLIC SETTLEMENTS

DOMINICAN

INDIA ITALY JAPAN

URUGUAY

VENEZUELA

calls. It was well that the Govern- "We hope that this congress will ment should know what support the see that the benefits of light will country would give to their pro- be still more appreciated," he add- prosals. "As business-men I think ed. "With unity and co-operation we can promise them that we will and the pooling and sharing of bur- pay up to the limit of our résources dens mankind can do much to bring Therefore, to put the credit of Britain right. us into the golden age. Beyond that limit we cannot go. ItI say, let there be light-full flood- corner of the is folly to demand it, but as busi-ed light-in every ness-men we know that unless we street, in every slum and in every put our credit in an impregnablo | village." position we shall soon find we have! no business." The support given to the Government by the business-men of the country would depend upon certain factors. There must be no new expenditure by Parliament, and

GRASPING NETTLES.

The technique of dealing with!

it was equally important that there nettles is really absurdly simple—it | Commercial and Travellers' Letters should be no new leglatation which consiste merely in grasping them of Credit, Travellers Cheques, Bille would throw burdens on the local firmly and working your will upon of Exchange and Cable Transfer authorities and increase the cost of them. Stroke them, attempt to de- bought and sold. Current accoMIČA and Savings Bank accounts opened local government. Genuine economy fleet them, seek to thread a tactful and Fixed Deposits in local and for- must be shown in every department way through them and you will bo aign currencies taken at rates that of our national and local services. may be ascertained on application to

the Bank.

stung for your pains, without re- moving a single nettle from your] path.

All this we, everyone of us, know perfectly well, but nine times out. of ten we suffer from the nettle. complex: we delay, we procrastinate, we consider alternatives.

Sense of Security Needed. We are also able to offer our Cas

Business-men realised as well as tomers the services of the Branches of the International Banking Corpora anyone the effect of reduction in tien in San Francisco and Spain, and the dole or in any form of social also of The National City Bank of service on the purchasing power of Now York (France), SA, in Paris the people, but it was economically unsound to believe that we could Manager. continue a rate of expenditure which compelled us to eat up our capital. Another thing that busi- every department of life from sca- ness men asked the Government was bathing to politics. In business, THE BANK OF TAIWAN, LTD. that there should be a sense of our nettles are the unprofitable de

and Nica

21. Morite

Mouse Carle

Tit

F. McD. COURTNEY,

Hong Kong, June 16, 1981.

Manila

Mundak

Montrex

Vianns

Truien Yokohama Zurich

Delamka Oncentia Edinburgh Forense G12072 .Branches of American Express Company in Principal cities of Unit- ed States of America and Canada:

All classes of Commercial Banking Transactions undertaken.

investment

#000 UNTE

Personal handled.

The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Crodit and, THE YOKOHAMA SPECIE BANK, in addition, the world-wide services

LIMITED.

of its thoroughly equipped, Travel De- partment.

Established 1880. Capital (fully paid-up) Yen 100,000,000 Reserve Bund .......Yon 116,200,000

Hand Oce:~~YOKOHAMA.

Branches and Agencies at:

Alexandria Batavia Berila

Bombay Calcutta

Changchun

Harkow

(Dalay)

(Makdan)

Harbin Hong Kour. Honolulu

Kal Tuen

Kamchi

Koba

Los-Angelos

Nagasaki Nagoya Newchwang New York Osaka Paris Pelping

Rangoon

de Janeiro

San Francisco

Seattle

Semarang Shanghal Shimono s Singapore Soerabaya

Tokro

Tientsia

Talbotan Interest allowed on Current, Ab- conista.

Deposita received for fixed periodi at gator to be obtained on application.

E. MORL

Manager.

Hong Kong, Lith September, 1821.

Agilisted with THE CHASE NATIONAL BANK Resourosa..Over G$2,500,000,000

E. W. DUGGAN,

Manager.

(TAIWAN GINKO.)

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

The nettle-complex obtaine

THE STANDARD OF THE BUSINESS WORLD.

The five point" decimal tabulater grostly increases the speed of exacting work, such as ledger writing, billing and statistical work where amounts must be writ ten la columns.

The Crowning Achievement of the Typewriter

Leader of the World.

The five keys are just above the numeral keys, where they are ensi- ést and quickest to reach. Carri- age speed in tabulating is govern- ed by an automatic brake,

THE NEW UNDERWOOD STANDARD TYPEWRITER, MODEL No. 6.

Solé Agents:-

DODWELL

Queen's Bldg.

& CO., LTD.

Tel, 28021.

Who Said Depression?

strong indication that times employment for Canadians, the A siter, all, are not as bad as event, which has become one of the they might be was recently given town's regular events of recent at Fergus, Ont.; when a train of 27 years, was this year, vested with cara pulled out of the Canadian special interest and the employeus Pacific, Railway station, carrying of the plant and the townsfolk in products of Beatty Bros. Limited, general turned out to cheer the rasnufacturers of electric washing train as it sped away to distributo roachinery, With all the talk about its freight from coast to coast, "produced in Canada goods" and throughout the Dominion.

a state of crisis will continue; the

security. "It may be that that will partments we postpone closing down, burden of anxiety not less severe only be achieved by accepting the the inefficient subordinates we fall than others had to face between losses will be greater and the price dangerous 1914 and 1918. But now, as then, eventually to be paid will be in- challenge of the opposition and to deal with, or the

the sense of common cause will be creased. But the determination of trusting, as we have so often done account we hesitate to close.

source of enormous moral the country to have its house put Nobody will deny that the course & in the past, to the commonsense of

and politics in this strength. And, above all, we shall in order will peralat and new sor- the people. They know, in spite of of business the reckless promises made to them country during the past twelve feel for the first time perhaps since vants will have to be found to carry „Bank-Noten Sacred Average amoună „Ian. 64,000,000 by certain politicians, that the pld months and more has been through the War that at last, the things out the national will-Manchester

a quart one huge rettle-bed. Cotton, coal, which should be done are being done Chamber of Commerce. adage "You cannot get JAPAN-Tokyo, Tokohama, Kobe, Onaka. FORMOSA |--Crane Kag Karmin, Eng out of a pint pot still holds good." Iron and steel, and shipbuilding: and the nation is moving towards One of the faults of the middle these industries have all been pre-a discernible and desirable goal in- ONINA,Bankow, Amy, Foockew, classes, Sir Francis proceeded, had sented with the nettle, of Inevitable stead of drifting at the mercy of OTHERS; Long Blagspose, Bombays, been that they had taken no part in re-orientation to meet charged clr-wayward tides of circumstance.

Central Bank in Formosa.

BRANCHES AND AGENCIES 1..

Makong Base, Salachin Talcke, Isban, Takao, Tamen, Tom, Halo, TEK

Barstow Camion

Bemarang Besaria, Bombay, Landon, New York, Delu

LONDON BANKER,

London Cously Westaisier and Part's Hank

Tim Bank has Correpaculents all the principal

throughout the world..

"L. NAQURA.

Manager.

KONG KONG. KANCE

De Voux Bond Cinteal. Hana Kong, 19th January, 108,

For its second year of working, manufactures the

directors consider

OF EAST ASIA, LTD.business. When the general election Our nettles were throat-high and by a people more uniformly Indus-terests of shareholders will beat be

Established 1918

THE BANK

HEAD OFFICE: 10, Des Voeux Road, Central

TONG. TONG

over I.$ 8,000,000.00 over 11.$30,000,000.00'

Capital and Surplus Total Resources

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,

Chief Manager.

4

Oltia politics, and perhaps their greatest cumstances. Unemployment, the In' that mood and with a united Lactagol, which

mistake had been that they had let dole, mounting expenditure with country on a course of that kind, food of that name, has to record a the politicians make ridiculous declining revenue, the strain on the things will become possible which a decline in profit from £5,174 to statements and impossible promises monetary machine, India, and dis- year ago, were beyond the hopes of $4,201, but the without ever trying to correct armament, these have been the, the most optimistic. The material the results as satisfactory, in ylaw them. The crisis was serious shlef nettles of politics. The nation and moral reserves of the nation of the general economic depression enough, but with determination and has signally failed to grasp its will be found to be far more impres- and the financial difficulties encoun- practical. measures it would be put nettles; and left to themselves, like aive and powerful than the doubterstered in Colonial and foreign terri- right. The middle classes must let all ill-weeds, they have grown apaco have imagined during recent months tories. The opinion is expressed their opponents know-it might be until the beginning of August pre-of wallowing in depression. No that the cash resources of the com- for the first time-that they meant sonted us with the inevitable crisis, country in the world la populated pany are adequate and that the in- trious, courageous and persevering. served by the distribution of a came it would be on clear and 'dis- were beginning to choko us.

dividend. tinct issues-first, whether or not Writing before the political lasus No other country has a population

The board have, therefore, decided the credit of this country was to be of national economy has been set-so unified in their racial origins, destroyed; secondly, whether our tied, but with the probability of their instincts and their tempera- to make a payment of 3 pc.; against chance of maintaining our position some decisive action being taken ments. Once aligned on a united 4 pc., in the previous year, to among the nations of the world was before this article appears in print, front wo passess a potential solid-holders of the Ordinary capital. A to be imperilled.

we reflect what is certainly the arity which no nation can surpass.¦ sum of £900 is reserved for income- "I wish the leaders of the Labour mood of the country when wo aa-Our material resources will be tax, compared with £1,000, and pre- Party had some real knowledge of suma that one political masters will found to be of a magnitude which liminary expenses are written down finance. If they had to pass even evolve, under the spur of crisis, a will vastly increase our confidence by 2196, leaving £516 to be carried an elementary examination on the policy of serious and definite grasp in our destiny. That of itself will forward, against £124 brought into meaning and value of money we ing of the nettle. On that assump-bring about a re-birth of enterprise the accounts. should hear, perhops, some con- tion we can look forward to an and help to set our minds on the structive proposals from them as Autumin and perhaps a Winter of only final solution, which is hard regards our present difficulties, rigorous national action. We shall work wi

All'this' assumes a political settle and those who place their faith in have much to bear that will ba’Hard them would be fed on reason rather and offerous, and many individuals ment within the month of August. Ithan on the present diet of words." will suffer concrete hardships and a Should that unhappily not eventuato,

One of the problems of midāla lie is to avoid contracting bad debta to ourselves, for it is in old age that these bad debts become parable, Prof. Sir Arthur Thomson.