1931-10-29 — Page 11

THURSDAY, OCTOBER 29, 1931.

BUSINESS DIRECTORY

DRAWNWORK & EMBROIDERIES

SWATOW TRADING CO.

Established 1910. MANUFACTURERS OF

Swatow Drawn Work

AND

Art Embroideries

-ANNOUNCE

GRAND

OPENING SALE

NOW ON

AT NEW BRANCH STORE GLOUCESTER BUILDING

ARCADE.

SWATOW TRADING CO.

HEAD OFFICE:-6 Pedder St. Opposita Hong Kong Hotel 'Thond 23303.

ATTRACTIVE TAILORING

The Latest in Gentlemen's Outfitting

AT PRICES TO SUIT ANY PURSE.

PERFECT FIT

AND

RELIABLE

SUITINGS.

WING HING CO.

Gentlemen's Outfitters

64. Queen's Rd, C. Tel. 21417.

Very Nice Woolien Materials

For

Making Ladies' DRESSES

&

OVERCOATS-

Also FURS &

SILK HOSIERY Expert Tailoring Department. LEE MOWER.

Chinese Silk Hosiery Store No. 1, D'Aguilar Street

DENTISTS.

HARRY FONG, Dentist,

1st floor, No. 74, Queen's Road.

Central. Tel. 21255.

TANG YUK, Dentist.

Successors to

the late SIEN TING. 14, D'Aguilar Street,

TERMS VERY MODERATE Consultation Freez

ENGINEERS & SHIPBUILDERS,

W. S. BAILEY & CO., LTD.,

Kowloon Bay. New Werk & Repairs. Call Flag "L" Sole Agents for Kelvin Motors.

FRUITS.

LITERATURE.

BOOKS for All

Bibles, Pocket Testaments, Prayer Books and Stationery.

General Literature Presentation Books Children's Books a Speciality. THE BOOK & BIBLE DEPOT. Wyndham Street.

Next to King's Theatre.

Agents for

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

GENERAL PROVIDERS.

Just

arrived

A Fine

Belection

of

GENTLEMEN'S AUTUMN HATS.

We have also a very fine range of

TIES in all the latest new Autumn colours and patterns.

WE SOLICIT A TRIAL.

THE CENTRAL CO. 193. Des Voeux Road C. Tel 27023.

HAIR DRESSERS.

LEE YEE,

Ladies' and Gentlemen's Hair Dressers & Booksellers.

No. 12, D'Aguilar Street. Copposite Queen's Theatre).

LIANG YOU

Gentlemen's & Ladies' HAIR DRESSERS.

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

LADIES' AND GENTLEMEN'S HAIR DRESSING SALOON.

ON LOK (AH HING)

10. Wyndham Street, 1st Floor, Entrance On Lau St. Tel. 22317.

Now in season CALIFORNIA PEARMAIN APPLES

Just Arrived $9.00 per box. This is the most famous apple in the Orient. Quality: Crisp, julcy. sweet and highly aromatic.

Excellent keeping quality. Try a

box.

WING COFFEE CO.

Tel. 25869 139, Des Voeux Road, C.

OPTICIANS.

THE HONG KONG OPTICAL COMPANY,

*Phone 22232.

53, Queen's Road Central,

PHOTO-SUPPLIES

Kodaka and Cameras. Films, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES Price Moderate.

A Trial Order is Solicited.

A. SEK & CO.

Tel No, 29459, 20A, Des Voeux Road, C.

SHOES.

Ραίτ

Black or Brown Shoes from $6.00. Black or Brown Boots from $8.00. Children's Boats or Shoes from $2.00. Bost styles, most complete stock of all sizes. Repairing speciality. WONG SIU WOON

21, Pottinger Et

Phone 21474.

SPORTING GOODS.

ATHLETIC GOODS

AT:

THE LIANG YOU CO.

79, Queen's Road Central,

!

INDIAN BANK REFORM.

THE CHINA MAIL.

and

Commerce

Finance

Recommendations of

Committee.

joint-stock banks as are woll ea- tablished should open foreign. con- nections useful to their clients.; Secondly, on the establishment of the Reserve Bank and the simul- |taneous withdrawal of the restrie-) tions now Imposed on the transac-'] |tion of foreign exchange businėna by the Imperial Bank of India, the latter should be induced to take an active share in the financing of The report of the Committee ap India's foreign trade. The Com- pointed to investigate banking con-mittee therefore recommend that ditions in India has now been pub the Reserve Bank should enter ¡lished..

into a definite arrangement with the Imperial Bank of India by which the Reserve Bank would

The main recommendations of the Committee are as follows:-

Every institution doing banking than a foreign bank, should have

business in British Indin, other

14

of natural-born or majority domiciled Indian directors.

A joint-stock bank with limited liability registered under the Act should

business not commence juntil ita paid-up capital is at least Rs.50,000. Its authorised capital should not be more than double the subscribed capital, and the paid-up capital should not be less than 50 per cent. of the subscrib- ed capital before commencement of business.

Until the reserve fund equals the paid-up capital, an amount equal to at least 2% per cent. of a bank's paid-up capital should be Laken to a reserve fund before dis- tribution of dividend.

In dealing with the financial re- quirements of industries, the Com- Imittee refer to the general feeling in India that. the progress made by the country in industrial develop ment during the last fifty years is very meagre compared with her vast resources. and the needs of her large population.

utilise the Imperial Bank as agents at places where the Reserve Bank

has no branch.

The formation of a provincial industrial corporation is also sug- gested in any province to ensure the supply of financial facilities to Industrial concerns..

SIR ERIC GEDDES AND THE. CRISIS.

Sir Eric Geddes has opportunely sent to the employees of the Dualop Company a simply and clearly ex- pressed letter oxplaining the origin and nature of the crisis. He begins with the trade balance, showing how, when it was favourable to us,

of "people

foreign countries, through their bankers, had to keep large sums of money In London in the balance due to order to pay

wa."

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION..

Authorizell Onglennys 868,908,998 Locus and Tally Mičur Ssenere Fandy

Beylag kommunen 2 1,394,800 ditrek wens. $18,000,000 Forvern Lob Käibe of Propelsinet - 296,000,000

ENAD MEYIƠN, HONG KONG,

BOARD OF DIRECTORS - H. Mr. 0. 0. I. Maakin. Chairma

| Kon. Mr. J. 2. Filorvos, Bipety Shalemana

Me 2, B. B, 7, * Tues. Mai ... Demplom, Zəq. J. A. Flumum, B.

Land Lewis, X. T. X. X. Show. Bes. mukt Mag.

AMOY SANDKO VATAVIA

BOMBAY CALOUTTA SANTON AMT00 COLOMBO DAIKEN

YOGDEDW MAXPHONO

GLAM MUSC ПАНКОН MAZZIN

·KONGKUW

LAILA

ΤΟΠΟΣ

KOWLOON

J. P. Warren, Mag. Unit Maan

*. Gunzburu, Be

ANCHES:~~,""

(CALA LUMPUR

LUNDOR

LIONE

MALAODA

MANILA •

MCUAB (Jokara MUXDEN NEW YORK PEIFING

PENANG

BANGOOK

BAIGON

HAN FRANCISCO SHANGHA

BINGAPORE

BORRADATA

EUNGRI PATANI TIENTOIN

TOXYO TSINGTAO YOKOHAMA

PİNITARE APOSTLake opened in Emma! OstanaY and Fixed Depost Frosted for son your br water parade in Local Darroney and Herit wrme which will be qasirë un upplivelian.

nag, Mih February,, 1991.

HONG KONG SAVINGS BANK.

The Buzinoon of ika shera Bank is conduct ad by the HONG KONG AND SHANOWI CARLING CORPORATION. Bale may b valued on application.

FOR THE LONOXONG AND HANGHAI BANZING CORPORATION.

V. H. ORAYBURN,

Chist Manager.

Kong Xmg, 14 July, 1000.

Established 1912.

How the balance turned against us, partly through the inability of oversea customers to buy and `part- ly because the same poverty pre-{ venta them from paying interest on our foreign investments, Is plainly They consider that such of the stated. All this and the fact that THE BANK OF CANTON, LTD. existing commercial banks as were the Budget no longer balanced be- well established might with advan; ing

knowledge, foreign tage to Industries follow, as far as balanceF

withdrawn--the possible, the German system, viz., "light from the " had begun.

and providing share

debenture Sir Eric Geddes's shrewdest point capital initially and subsequently is made in dealing with the allega- | placing it among the investing tion of pressure from foreign bank- for era. public either by offering it public subscription or by sales to ¡customerá.

As regards working capital, the Committee refer to the complaint that banks in India insist on the full backing of liquid assets for ¡their loans and take no account of valuable block capital, and con sider that industrial concerns in India

|

common

were

It was needless for any for- eign bank to mention our duty in the circumstances, he says, for it was clear to everybody capable of thinking, that truth should be enforced at every opportunity.

TENNANT BROTHERS.

A reduction in net profite of to £60,408 in report-

Tennant by

Brothers,

may reasonably expect to £12,344 have the whole of their working ed

capital supplied by commercial the Shefeld brewers, for banks if adequate security to the the year ed. satisfaction of the banka in offer

Foreign Trade Connections. The Committee have analysed the financing of India's foreign trade, and in the first place they consider that such of the Indian

Head Office:Hong Kong.

Abriand Ouptial (EL.X. Currency) $11,000,000 hie-op Dapital came Basho Yand 1,100,000

BRANCHES

Canton, Elangkal, Haukaw, Eroles, Bangioh, Kaw" York and din' Frondass.

CORRESPONDENTI

LONDON BANKERS1~~

The Lord's Bank, Idmited.

in all principal (elilee,

berklag bolson of Forsica exchange of the World. wary Scipion treated.

Bale Dipaoli Bazm (various vinas) aš a zvacly rental of from E5 to $40.

LOOK POONG BHAN,

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

11

"THE HOCHONG BANK, LTD."

(Extablished 1917.) } BRAD OFFICE:-SINGAPORE. Hong Kong Branch: 18, Queen's Rd, C. Authorized Capital Straits $20,000,000 Issued Capital

8,000,000

Pald-up Capital

་་་

+

4,000,000

Reserve Liabilities

HEAD OFFICE: LONDON.

of Shareholders. Surplus

4,000,000

2,087,000

Paid-up Capital Reserve "Fund

£3,000,000 .£4,000,000

Resorve Liability of Pro-.

prietors

.£3,000,000

Agencies and Branches:

LUCKING

MADHAR

ALOR STAR

AMRITSAR HANGKOL -BATAVIA

BOMBAY DALOUTTA

CANTON CAWNPORI JEBU COLOMBO DAIBEX DELIKI

HAIPHONG HAMBURG

HANKOW

BABBIK

TONG TONG

IPOH

ILOHA

TARAGHI

KLANG

KOBB

KUALA KANGSAR

MANILA

MEDAN

NEW YORK

PIPING (Paking) PENANG BANGOON

NAIGON

BEMARANG

BERENDAN

BHANGHAI

SINGAPORE

SITIAWAN

BOURADAYA

TAIPING

TIE BIN

TOKTO

TONGKAR (bukas)

TRINOTAO

TOXOHAMA

KUALA LUMPUR ZAMBOANGA Foreign Exchange and Banking business transacted.

Branchos, Agencies and Correapon- denta in the principal cities of the world,

Erary description of Banking and Exchange business transacted.

TAN ENG HOOL

• Manager.

BANQUE DE L'INDO"CHINE.

HEAD OFFICE: 16, Boulevard Hanssmann, Paris.

Subscribed Capital Fra. 78,000,000.00 Paid-Up Capital...Fra. 68,400,000,00 Roserve Funda.....Frs.102,000,000.00

BRANCHES:

Bangkok Hong Kong Quinhos Battambang Une

dutho

Canton Dibouti

Mengtze

Saigon Shangbai

Nam Dinh Singapore

Thành

Numes General

Fort Bayard Papeete Tientsin Peking Топтала Pnom Penh Vịnh Pondichery Tumnantu BANKERS:

Current Accounts opened and Fix- ed Deposits received for one year or shortor periods at rates which will be quoted on application.

Manager.

-. J. STUART,

Hong Kong, 17th August, 1991.

al

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

(URTHERLANDE TRADING: SOCIETY)

BANKERS.

---

Betablished 188,

King Kong Ofisd1-11, Quest's Road Dussen).

Authorized Capital

Paid-Up Omplia) –

Losers Fend

Onfiders 16,600,064-

Caldaru 10,000,000 (0,058,170) Gulidare 40,015,000 (29,131,050,

Fred Oos-AMSTERDAM* Eastern Head Ofles1-BATAVIA. BRANCHES »– Bandjaeniania, Bandoung". Bombay, Calcuisa, Cherfon, Dist, Dik jakach”, The Hague', Yallah XAM, Kose-Badja, Makumar, Medan, Padang Palembang, Fukalingang Penang Forslanak, Rangoon, Rosseriam", BEATLES Shanghai, Bibolgs (Bumaire Blagspoes, Boraban Boerakaze (Bolc), Tagsi, Tiitajap saj Wallerradan”,

• The offices have oude deposit bazan te los. London Bankers 1--Baikonać. Proriazisi Baak Led. Gorrergondense all over the world Banking news of ovary description, tranenstadi

THE

A. STOKKINI

Manager

Chief Manager. AMERICAN EXPRESS COMPANY,

THE BANK OF CHINA. 行銀國中

to June 80. A final Reorganised October 20, 1928, undar Ordinary dividend of 7 pc. makes special charter of The National Gor-

a total of 12 p.c.. tax free, against ernment an an

BANK.

14 p...

tax free, previously and INTERNATIONAL EXCHANGE £12,000, is, placed to general re- serve, raising that fund to £200,000. Subscribed Capital ....$25,000,000.00 The forward balance is £12,079, | Pald-Up Capital against £13,115.

Reserve Funds

Established 1887

THE

MANUFACTURERS LIFE

INSURANCE Company

HEAD OFFICE - TORONTO, CANADA (Occupied exclusively by the Company)

Don't Under-Value Self-

WHY

does a man insure his prop- erty for its full replacement value yet feel satisfied with a few thousand life insurance often repre- senting at most two or three years income? The fire policy may become a claim, the life policy, must, either by death or maturity. Are you adequately insured?

E. J. R. MITCHELL, Branch Manager.

13, Chater Road. ........Tel. 29601. Canton Representative—dir. V. E. Ferrier,

27. B. C. Shameem.

...

INC,

Head Office: 65, Broadway, New York.

Capital

Surplus

Reserves

1

U.S.$6,000,000 U.9.$1,572,454 U.S. 1,908,209

BRANCHES:-

Parla Jenang

Azzieckam

Antwerp

042 Gina gow MAYANS

Haplas

$24,710,200.00

Baala

Hamburg

Berlin

.$ 8,820,508.82

Biarri

Interlaken

Bomb

Jerusalpin

Peking falario

Beyer

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

Bresla

London

Bance Air

· Sverpool

Outro

Luberne

Calexita

Lugane

Marseillon

é, Queen's Road Central.

Owing to our numerous branchen 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 Bonde and other Public Fonds of the Chine ese Government both at home and sbroad.

SHOU J. CHEN,

Manager. Hong Kong, 6th March, 1981.

Dolembe

Constanilable Copenhagda Ellabary Florence

Branches

Monte Car

Mala

Munick

Mantreas

A

Botterdam Forss

Bambool

Hnnghal

donthamplos

Singapore 21. Molin Tienia Vienna

Yokobane Zurich

of American Express

Company in Principal cities of Unit ed States of America and Canada.

All classes of Commercial Banking-j Transactions undertaken.

Personal handled.

investment

The Company offers to intending Travellers the ase of its “Travelore | Cheques" and Letters of Credit and,

THE YOKOHAMA SPECIE BANK, in addition, the world-wide services

LIMITED.

'

Established 1880.

of ita thoroughly equipped, Travel De- partment.

Afiliated with

Haiphong Hankow Hanoi

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriol et Commercial; So-

date Generale.

IN LONDON: The National Provin cia & Union Bank of England, Ltd.; Comptoir National d'Escompte de Parli; Credit Lyonnais.

IN NEW YORK: J. P. Morgan à Co., French American Banking Cor poration; Guaranty Trust Co. of New York.

Interest allowed on Current Ae- counts and Fixed Deposits according Lo strangements.

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

A. BONNAUD,

Manager.

Hong Kong, 1st May, 1981.

THE NATIONAL CITY BANK OF NEW YORK..

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profita..U.8.$228,087,89%

Branches in j

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE CHINA COLOMBIA CURA DOMINICAN

REPUBLIC

INDIA ITALY

JAPAN

MEXICO

PANAHA 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 accounta and Savings Bank accounts opened and Fixed

Dapoxita in local and fer- alga currencies taken at rates that may be ascertained on applleation to the Bank.

We are also able to offer our Cus tamere the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and also of The National City Bank of New York (France), B.A., in Paris and Nice.

F. McD. COUBTNEY,

Manager. Hong Kong, June 16, 1981,

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

HEAD OFFICE:-Talpeh, Formosa.

Incorporated by Special Imperial Charter, 1899..

Central Back in Formoon. Bank-Natan mened Avariga'atzmus) Yek. £5,000,COM BRANCHES AND AGENCIES, JAZAN:=Tokyo, Yokohama,- Kobe, Daska. FONO 1-3, Kagles Kanako,” Emlung, Makong, Nania, Bálnakiku, Talčku, Tainan, Како, Тамсаг, Това, Нім, Толки CHINA 1---Kuoghal," Hankow, Amey, Foochów,

Diwalow, Caion.

OTELEES-reg Koog, Blogspóra,

Borabaja,

Beman Bataria, Bomber. Calorie London, "Bar Tork, Dairen,

LONDON, BANKERS,

Capital (fully paid-up) Yen 100,000,000 THE CHASE NATIONAL BANKTMhe Load County Walsinstar and Parr's Bank.

Reserve Fund........Yen 118,200,003 -

Head Office:-YOKOHAMA,

Branches and Agencies st:

Alexandria

Batavia

Berlin

Bombay

Salcutta

Canton

Changchun Dairen (Dalny)

Nagasaki Nagoya Newchwang

New York Osaka

Sem Francisco Seattle

Paris Pelping Напрост Fangtien (Mukden) Rio de Janeiro Samburg

Ban Bankow Tarbia Hoar Long Honolulu Kai Yuan Karachi

Robe

Loudon

Los Angeles

Mazlla

Semarang

Shanghai Shimonoreki

Singapore Boersbaya Sydney Tlenteta Tokyo Taingtas

Interest allowed on Current Ac-

sobota.

-

Deposits received for fixed perioda

at rates to be obtained-on application.

H. MORI,

Manager.

Nong Kong, 11th September, 1981-

Resources Over G$2,500,000,000

E. W. DUGGAN,

Manager.

The Bank has Correspondents it all the principal Commercial Contese throughout the world.

L MAGURL

HONG KONG BRANCH:

Long Long. Ita Jassary, 1996.

THE BANK OF EAST ASIA,

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central. TUNG FONG.

Capital and Burplus Total Resources

Manage

LTD.

over HL$ 8,000,000.00

over II.$20,000,000.00

Every description of Banking and Exchange business transacted..

Current and Fixed Deposit Accounts in local and for- eign currencies opened for cilents..

Bavings Account and Bafe Deposit Boxes. Branches and Agencies all over the world,

KAN TONG PO,

Chief Maneger.