1931-11-04 — Page 2

DANKS

BONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capellat

$38,200.250

Læreré szt Faily Paidus : 630,000,000 Haterra Funda 1-----

#bookng THE

& 8,690,000 18,499,000

Kaleere Isak Käby at Propelentes a $38,108,199 #ELD WIFIORI NDIO KONS,

BOARD OF DIRROTO28.–

M. Mr. G. #' Maskia, Chatrooms.

How. Mr. J. 2. Pakaroon, Deputy Cherase.

HENG M. N. X. Bali, T. # · Poices, Be

&. I. Uampion, Nos. 3. A. Plummer, Hey.

M. Lauder Lewis, Esq. T. E. 1. Khaw, Bas

12. Wiskis, Bot.

AMOT

NAROKŮM MAJATIA

YHOMWAY

MALCUTTA

J. F. Warren, Bog-

Ohia! Manager,

~ Graybarn, Hon.

ANGERS (——

LONDON

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

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

,£9,000,000 .£1,000,000

Beserve Liability of Pro

prietors

£3,000,000

Agencies and Brauches:

ALOD STAN

GOKING

AMRITSAR

HADBAS

MANILA

KEDAN

BANG LUK

DATAVIA BOMALY -OALODZTA

CANTOX CAWKPOSE

CEBU

COLONBO DAIBEN

DELHI

HAIPHONO

DARBIN

KOBE

NEW YORK

PEPINO (Peking)

PENANG

RANGOON

TIENIBIN

TOXTO

TONGKAH (bakal}

TEINDTAG

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE: SINGAPORE. Rong Kong Branch: 18, Queen's Ed. C.

Authorland Capital Straite $20,000,000 Issued Capital

8,000,000

Paid-up Capital

Bezerve Liabilities

17

4,000,000

4,000,000

2,087,000

of Bhareholders. Surplus

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL..

Manager.

BANQUE DE L'INDOCHINE.

HEAD OFFICE:

96. Boulevard Hansamann, PARIS.

Capital fully paid up. Frs. 120,000,000 Reserves (31.12.1930) Frs. 110,568,454 BRANCHES!

China.

SAIGON

BEMARANG

BERRUBAN

HAMBURG

BUANQUAL

LANKOW

BINGAPORE

LYONS

BITIAWAN

пожа кока

SUURADATA

MALAODA

TLOILO

ΤΑΥΡΙΝΟ

MARILA

ІРОД

MUAR (Juker)

KARACHI

ΓΕΥΤΟΥ

MUKDEN

KLANG

CHROO

KEY KORE

KUALA KANGSAR

TOKOELMA

COLOMBO

KIFINO

KUALA LUMPUR

ZAMBOANDA

Indo-Chics.

Foreign Exchange

and General

POCHOPIOW

RANGOUR

SAIGON

Haiphong

MAN PANGIRON

MANTOW MAMEIN MONGLEW

BRANCHA

which will

AIKOAF IMM

Saigon Canton Hanoi

Fort-Bayard Battambang Hankeou Canthe Thanh Hoa

BOUBABAYA

SUKORI PATAN!

J. STUART,

Huo

Manager.

Nam Định

Quinhon

Pnom-Penh Shanghai

Hongkong Mongtze Peping

Other Places

Bangkok

Djibouti Noumes

Papeete

ILOILO

1201

TODOM

KONN

KOWLOON

QUALA LUMPUR

PENANG

TIENTSIN

TOKTO

ΤΟΙΒΟΣΔΟ TOKOHAMA

Egereni kesecnie opened in Loma) Duzveze) and Vice Depolis receitaå tur oge your s rer perioda in Local Curteney and se ➡turm which will be quaivi on applingsión. Hong Kong, anvä“ Pebenary, 2003.

HONG KONG SAVINGS BANK.

The Buelson of the sbore Bank is verduri- by the DNG KONG AND CHAHOMAI Falat may be BANKING CORPORATION.

beds spplication

FOR THE LONGKONG AND SMANOHAI

BANKING CORPORATION.

Y, K. OBATBURK,

Mony Xons, 10th July, 1900.

Chist Manager,

THE BANK OF CANTON, LTD. Established 1912.

Head Office-Hong Kong,

& Capital (II.K. Ostrunay) 811,000,000 Tall-Up Capital

Serve Fund mamuua

BALKUBKI :-

1,100,900

Dacies, hangal, Houkaw, Easter, Bangiok, Kev Lock and ben Frendess

CORRESPONDENTE

LONDON BANKERS |--

The Lion Blak, Idmited

in all principal miles of the Weria.

Fasiga archangs and banking business of

veory dasaription tennvorted.

Bata Depot's Base (vscious sizes) ni a postīj

smedal at Brotu $5 to 30.

LOOK POONG SHAN,

Banking business transacted.

Current Accounts opened and Fix

ed Deposits received for one year or shorter periods at rates be quoted on application.

Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

(NRTUMRLANDS TRADING SOGIRTY) BANKESS.

Eatablished 103. $125 Kong Chilso:-11, Qmez'a Bond Donirai.

Authored Capital

Bodara 118,060,666. (2.18.120,600, Oxilders 80,000.006 AMIT Food Odideen 5,816,000

F-Up Capital

Flood CMSTERDAM" Boston Hood ON001~HATAVIA. BRANCHES Bandjarmasin, Bandoang", Bombay,

Delcase, Charbon, br, Djok Since The Hague", Joblas, Kobe, Kose-Hadia, Makower, Medan, Padang Palemband Prizliapa FAILS Pratlanak Hagoon, Botterdam”,

The Bamarang

(Sumates) Blagar, floursba Barazarte (delo), Tagui, Tjikašao and Waltersdom,

• Jarre offlons kate sale Laponát boxes to lab, Lundan Bankers —Notlocal Provincial Back Lád. Dopondante sll over the world

Banking Sosiose of every dopilon transacted.

A. STOKNINK

King Kong, IBIS Aupark, 1000.

THE

Manager.

Chief Hanager. AMERICAN EXPRESS COMPANY,

Reserves

INC.

THE BANK OF CHINA. 行銀國中

Head Office: 66; Broadway, New York,

Capital

special charter of The National Gov- orament a NG

Reorganised October 25, 1923, under

Surplus

U.S.$8,000,000 U.B.$1,672,454 .U.S.$1,908,209

INTERNATIONAL EXCHANGE

BRANCHES :-

Amsterdam

G1000

Bala

Blaria Bombay Braces

Broods

13 Fatics Hamburg HATE Lutelakon Jerusalem

London Liverpool

Hiplok Pirena Parla Fung Peking Flore Bostadas

Quic

BANK.

Subscribed Capital...$95,000,000.00 Paid-up Capital $24,710,200.00 Beserve Funds ....$ 3,820,503.92

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our numerous branches in China and large connections in the im portant commercial centres of the

world, we are able to extend to o clients special facilities for domestic 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 shroad..

SHOU J, CHEN,

Hong Kong, 6th March, 1931.

علمية

Osicure CADA Uslambe Constantinopla

Depenkage Edinbur Flores CELETS

Lascerta Insas Lator

Maranlive Monte Carl

Maalis

Muniah

Montraux Mixm

Bome

Barbou

Shanghai Beatpo Bingspor B1. Verlis Tiaxtala

Vianna

Vezion

· Tokohama Euriab

Branches of American Express Company in Principal cities of Unit-

ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal

Manager.handled.

Investment

accounts

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

LIMITED.

Estabilshed 1880. Capital (fully paid-up) Yen 100,000,000 Reserve Fund ........Yen 118,200,000

Head Office>-YOKOHAMA, Branchor and Agencies at:

Alexandria

Batavia Berlin Bombay Calcutta

Canton

+

Changchun

Dairen (Dainy)

Nagasaki Nagoya Nowchwang

New York

· Osaka

Paris

Peiping

Rangoon

Fomatipo (Kukien) Bio de Janeiro

Hamburg Hankow Harbin

Hong Kong

Honolulu

Xai Toen Karachi Kobe

Mondon

Los Angeles

San Francisco

Seattle

Semarang Shanghai Shimonosek!

Singapore Boersbays Bydney

Tientaln Tokyo Tsingtan Interest allowed on Current As- entrat

Harila

Deposita received for fixed periods it rates to be obtained on application.

H. MORT,

(Manager, -

Hong Kong, Lith Gopiamber. 1981

Affiliated with THE CHASE NATIONAL BANK Resources...Over £12,500,000,000

E. W. DUGGAN,

Manager.

Touranc Vinh

Pondicherry .Tientain

Yunnanfou Singapore Every description of Banking and Exchange Business transacted.

Interest allowed on Current Accounts and Fixed Deposits according to ar rangements.

Safe Deposit Boxes to lot, Travellers' cheques issued.

A. BONNAUD,

Manager.

5, Queen's Road Central, French Bank Bullelog.

Hong Kong, 1st November, 1931.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits ..U.B.$228,087,802

and

Commerce

Finance

THE PROBLEM OF OVER-

PRODUCTION

By Harold Cox.

(Continued from Yesterday.)

Writing on this subject in Lloyds Bank Monthly Review, Mr. Cox says:-

We are still faced with the main ing, unless the owners of the possess the problem: How are we to escape mouths and backa from the difficultios/which result means to pay for the food and from the prosent lack of balance clothing they want. Until by some between the world's powers of pro- miracle the masses of the popula duction and the world's capacity tlon are all endowed at birth with for consumption? Superficially comfortable.incomes, they can only such a lack of balance seems ab- acquire the power to pay for the surd. The producers of wheat things they want by themselves have bigger stocks than they can earning money, and they can only dispose of, yet simultaneously there earn money by competing in an al- are millions of people in the world, ready overcrowded labour market. especially, in India and China, The inevitable result of a rapidly

among the! unable to get as much bread as growing population they would like to eat. The same poorer classes must be a lowering contrast applies to manufactured of wages, and a further multiplica- goods. Cotton mille, not in Eng-, tion of the unemployed...

It is the standard of living that land only but in many other coun- tries also, are producing more cot-matters, not the number of people ton cloth than they can profitably alive. sell. Meanwhile, among the poorer classes all over Europe there are myriads of men and women and children insufficiently clad. How is म. botter adjustment to be Becured?

A middle-class family with an income of £1,000 a year providos ten times as good a market for the varied products of industry as that provided by a working-class family week. Moreover, the living on £2 well-to-do middle-class family will The popular socialist remedy-demand a large variety of commo- the raising of wages to Increase dities, many of them requiring skill- the purchasing power of the work- od labour for their production, Ing. man-has the merit of surface whereas the poor familles can in

it simplicity, but completely the main only afford to pay for ignores fundamental facts. Raising crude necessaries.

The essence of the world's pre- the wages of the few handfuls of men who guide steam-ploughs or sont trouble is that there are too steam-harvesters across the prairies many poor people seeking employ- of Canada or the American Middle ment, and relatively too few sufă- West is not going to increase the ciently rich to provide employment In earlier centuries' demand for wheat; nor will an in for the many. crease in the wages of cotton spin- death and disease to some extent; ners and weavers increase the de- prevented the expansion of this evil. but poor, It The poor remained mand for Lancashire, textiles.

With the may, of course, be argued that the they also remained few higher-paid field-worker will buy advent of steam machinery at the more cotton goods, and the higher- and of the eighteenth century tha paid cotton operative will buy more temptation of gaining weekly carn- bread. But this argument ignores Ings for small children working in the fact that the world is not a the mills stimulated a sudden up-| single unit of production for wheat rush of population; but very little Commercial and Travellers' Letters of Credit, Travellers Cheques, Bill or for cotton, or for anything else. j improvement in the standard of life! of Exchange and Cable Transfer The producers in different coun- of the wage-earner followed. Had bought and sold. Current account tries are in keen competition with the working classes at that period If the wages of kept down their rate of increase] and Savings Bank accounts opened one another.

were they would have been able to secure and Fixed Deposits in local and for English cotton operatives eign currencies taken at rates that may be ascertained on application to raised to any considerable extent better wages, and the machine! the trade of Lancashire would be would have been their servant and the Bank

Branches in 5---

LONDON

ARGENTINE BELGIUM BRAZIL CHILE

CHINA

COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

MEXICO

PANAMA PERU PHILIPPINE ISLANDS PORTO RIOD STRAITS

SETTLEMENTS URUGUAY VENEZUELA

Manager,

F. McD. COURTNEY,

Hong Kong, June 16, 1981,

The benefits of We are also able to offer our Cu-wiped out by the cheaper labour of not their master. tomers the services of the Branches foreign countries; for it is incon- machinery to the world might have somewhat less of the International Banking Corpora tion in San Francisco and Spain and ceivable that the cotton workers in been developed also of The National City Bank of England, France, Belgium, Gor-, rapidly, but they would have been New York (France), B.A, ju Park many, Italy and Czecho-Slovakia, in more widely distributed.

In the later years of the nine- India, China and Japan, could ever and Nice.

get together and agree to cease teenth century the situation grew competing with one another in better. The working classes began order that all thoir wages might be to imitate the prudence of the upper their families became raised. Nor, even if such an agree classes; ment could be reached, would it smaller and their 'standard of living The difficulty to-day is that solve the problem, for so far as the rose. purpose of the agreement was at methods of production in the last tained and prices rose, consump- ten or fifteen years have so greatly HEAD OFFICE:---Taipeh, Formosation would tend to decline and improved that fewer manual work- fewer workers would be required. ers are required to meet the de- As an alternative to the socialist mands of industry, yet the working- contention that the problem of un-class population is still increasing employment can be solved by arti- its numbers, though at a slower rate

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

Incorporated by Special Imperial

Charter, 1899.

Central Back in Foncone:

BRANCHES AND AGENCIES:

Bwalow, Guatem

Zag Larece,

Beratung.

Bateria, London, New York," Dairem.

LONDON BANKERS E

The London Dossly Waitsiaalse and Parz's Bank The Bank has Cserepondente iz all the prinsipe Commercial Ceniese throughout the world.

L NAGUES.

HONG KONG Vs Bood Doctral

BRANCH | Bong Kong, 191k Jamsary, 1998.

WEDNESDAY, NOVEMBER 4, 1931.

FINDLATER'S

PORTS,

SATISFY

SHERRIES.

THE MOST DISCRIMINATING PALATE.

GIVE

THEM

A TRIAL

FINDLATER MACKIE TODD & CO., LTD.

By Appointment Wine and Spirit Merchants

To H.M. The King.

SOLE AGENTS:-

GILMAN & CO., LTD.

PHOTO SUPPLIES,

PHOTOS TAKEN DAY AND NIGHT. Zelsa, Kodake, Cameras, Films, Plates, and Papers, etc. Developing, Printing and Enlarging.

AT 24 HOURS SERVICE

Price Moderate.

A Trial Order is Solicited.

1

THE KWONG KWUI CO., LTD.

74, Queen's Road Central, Hong Kong, Tel. 22170.

FOR SALE.

Flower and Vegetable

SEEDS

Indication points to a HEAVY DEMAND

for seeds THIS SEASON.

To be sure of gettiar every variety you wish we suggest that you ORDER TO-DAY.

GRACA & CO.,

No. 10, Wyndham Street.

Hong Kong. P. O. Box 620.

CANADIAN TRADE. New Offices in the Orient.

en-

I.

Following the policy of the Cana- Bank-Kolos massed Average amoun) 267«n. 18,000,0ficially increasing wages, we have than in previous decades. The re-dian Government of actively the equally li-thought-out argu-sult is that, taking the world as a couraging exports, Hon. H. sment that if population were to ex- whole, millions of men and women Stevens, Minister of Trade and JAPAN Tokyo, Tokolu, Lobe, Opaka FORMOSA ¡itian

Ahong, Mambo, Shuchiku, Telebu, Talsas, pand more rapidly there would be who would gladly be working are Commerce, has issued instructions Takao, Tamai, Tom,Hallo, i Fooow, an increased number of consumers compelled to stand by. If these for the extension of Canadian trade HINA-Gagal Hankow OTHERS LOGE Bingson, Rossbars and consequently a better market work-seekers would abstain from activities in China and Japan, The Bombay. Daca for the goods produced. But the producing more work-seekers, the feature of these will be the opening Commissioners mere multiplication of mouths and problem would begin to solve itself. of two new Trade backs does not increase the com- The burden of the family budget fices-one in Dairen and one in mercial demand for food and cloth would be immediately reduced, and Tientsin. Together with the offices that would mean less anxiety to the already established in Hong Kong wage-earner and a higher standard and Shanghai, Canada will now have of himself and his wife and his adequate representation for trade emailer family. Later on, the, matters in China and it is expected economic effect would be still more that further increases in the grow marked, for the number of young ing volume of trade between the two persons seeking employment would, countries will result.

Mr. Paul Sykes, who has been decline, and as the process con- tinued the surplus of labour would, Canadian Trade Commissioner in be offectively reduced.

Hong Kong since the opening of the Many people are to-day criticiz-office two and a half years ago, ing Malthus because the shortage leaves the Colony by the Empress of of food which he prophesied would Japan this Saturday to undertake occur, if. population continued, to the establishment of Canada's now Increase without contral, now seems trade outpost in Dairen. The office far out of sight. But this does not will be primarily concerned with

Manchurian territory, mean that Malthus was wrong in the

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE: 10, Des Voeux Road, Central HONG KONG

Capital and Barplus '.

Total Resources ..

over HL$ 8,000,000.00 .................. over. II.$20,000,000.00 Every description of Banking and Exchange business transacted.

Current and Fixed Depoalt Accounts in local and for- eign currencies opened for ellents.

Savings Account and Safe Deposit Boxes.

Branches and Agencies all over the world.

KAN TONG PO,

THE MERCANTILE BANK OF INDIA, LTD.

USAD OFFIONI

16, Graceeburch Street, London, B.CA.

£3,000,000 Authorised Capital Subscribed Capital .... 1,800,000 Fall-up Capital * 1,050,000 Reserve Fund and Rest 1,408,845 BANKLES, The Desk of Engison à Midland Bank, Ltd.

BLANCHES Bangkok Ipok

Batavie

Honey

| Caloytja),

Karachi -Kota Phare--

Colombe

Xenia Lésée

| Galls"

ong Kong Howsk

Xar York Bang Foot Lou's

(Mumeitlus) Rangoon Stanghal

Last

Kuala Lump Hoanian (Iskang) Bingiyors Boureboys

HONG KONG DRAKON. A Every description of Banking and Hackungs best sasa trinaestel

Traveler Obecome kosmed; week!

Tregion and Executorships under

takan,

INTEKENT Klowed, on - Durruth, "Ancounde und

1

the Insisting on the need for the pru-economic development of which, dential control of population. All closely allled with that of Canada, it means le, that whereas he laid, holds out large opportunities to stress on the danger of starvation as Canadian producers, the ultimate result of over-popula-

Mr. WJ. Riddiford, who has

Loss of Appetite indicates the need for a dose of Baby's Own Tablets, the plea-} sant-tasting stomach and borcel regulators for children. This popular household children's health-safeguard can be given with absolute safety and con fidence to the youngest infant] and children up to six years of age.

By their gentle cleansing and stimulating action Baby's Own: Tablets soon restore lost appetite and make the child happy and Icheerful once more,;

BABY'S OWN TABLETS

allay

are the ideal combination of the finest known ingredients for the treatment of children's ailments. They correct infantile indiges- tion and constipation, stimulate Aagging appetites, chock diary- hoce, expel worms, fever, colds and croup. During teeth- ing they ease the pains instante ly and thus induce sound natural theep although they are guaran

to contain no opiato or nar- colic elements. As a general health sate- guard for babies

änd infants

Lied upon

by

mil-

iona

par

Tents"

in all Iparts

FOR CHILDRENS AILMENTS

of the world.

Mr. Hiram Maxim has devised Fast Deposite. 43 Redes that may be amortalation, what we now find is that over been. Assistant Trade Commissioner silencer which, while eliminating on applications

population meane widespread un-in-Hong Kong for the paèt two all street nofpes and facilitating Manager employment with resulting misery years, has been Instructed to take sleep, perraits adequate ventilation

of bedrooms.

C. LA BANDES,..

Chief Manager.

1. Queen's Beall Contest.

Hong Hong 25th Aprli, 2000

to millions of people.

lover the local office.