1931-11-10 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Exened and Polly Pullup szerkum 285,196,105 Moovevo. Pukka (—.

# # 8,549 240

Semetre: ĽÁnh lite of Propelabert 900,000,000 MORAD OMFLOW; HONG KONA.

BOARD OF DIAMOTORS 1-

Mr. 0. 01. 1. Maskia.

Hos. Mr. J. J. Intersen, Deputy Chairman.

Mr. W. H. Bell, T. H Fursa. Hrg.

. Compton, Boy. 7. A. Figmour, Mog.

5. Laska Lewis, `Bog, T. XX. B. Chow, Dr.

AMOT

BARDZON

J. P. Watts, Big,

Chief Massem.

~ Grazbura. Bog-

-*BERONT

LONDON LTOKO

MANILA

KUA

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

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

£9,000,000 .£6,000,000

Reserve Liability of Pro-

prietors

-$3,000,000

Agencies and Branches:

ALON STAB

KUCHING

MADRAB

AMBITHAR BANOKCI BATAVIA BOMBAY VALOUITA

CANTUE

QAWNPORN VENG

DOLOMBO DAMEN

DALPHONG

MANILA

MEDAN

NEW YORK

PEPINO (Vaking}

PENANG RANUDON

VASION

DELHI

DEMARANG

GEREMBAN

HAMBURG

SHANGHAI

ILANEOW

BINGAPORE

HARBIN

SETIAWAN

RATAVIA

NONG TONG

BOUBADATA

ILOILO

TAIPING

MOKRAT

ІРОП

TIENTSIN

CALOUTTA

KUAR (skor)

XARIOH

SAXTON

MUIDAN

KLANO

NEW YORK

KUALA KANGSAR

COLOMBO

FELFING

DA

MATTHOLE

MANKOW

HONGKEW

LPOK

JOHORM

ZOEN

KOWLOON

KUALA LUMPUR

PENANG

ВАНДООМ NGOX

SAN FRANCISCO SHANGHA

HOURANATA

JUNGRI PATANI THENTAIN

ΤΟΣΤΟ

TRINGTAO YOKOHAMA

CHODNÍ Ásvare agoned in La Current] end Pized Depardie received lie and prMP N hari parole in Local Currusty and Electi

Vem which will be quaini on up slington. King Kong, Wh Pbruary, 1901.

HONG KONG SAVINGS BANK.

The Houses of the abute Bank la ovuduri-

nd by the HONG KONG AND SHANGHAI WANKING CORPORATION.

thisis splication.

Bale may be

FOR THE HONOLONG AND SHANGHAI BANKING CORPORATION.

V.M. GRAYBURN,

Mony Kang, 18% July, 1998.

Chist Manager.

THE BANK OF CANTON, LTD. Established 1912

Head Odos:-Hong Kong. Authorial Deplia! (H.K. (zrranty) 311,300,000

4-Cy Cliptial moment Bogers Fund 1.100,000

BRANCHES :-

1,606,000

Canon Kanghai, Haskow, ' Erakow, Bongkok, Haw Tick and dis Franslove.

DORRESPONDENTE

LONDON BANKERS 1-1

The Lday's Bank, Idmited.

Za nil prinsipul albins of the World

Taralga sehings "and banking berlmenn o

avary disciptico imamoted.

Sea Dopiolă Bʊzm (racioni siano) až z piarly

from to 4.

LOOE POONG SHAN,

KORI

KUALA LUMPUR

TOITO

TONOKAH (ab)

TRINGTAO

YOKOHAMA

ZAMBOANGA

Foreign Exchange and General

Banking business transacted.

Current Accounts opened and Fix-

ed Deposite received for one year or shorter periods at rates which will be quoted on application

J. STUART,

Manager. Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NBZUERLANDE TRADING BOGIETY:

BANKERS,

Established 189. Hans Kona Oloe :~11, Queen'n Bood Castral. authorsand Capital ................. Guilder 100,000,000. (219,800,000.) Pald-Up Capital ............ Guildare 80,009,99

(46.06.179) A Fund Chuilders 10,916.0 (43,9.8K Head 05001-ANDTERDAM• Eastern Head Oft-BATAVIA, BRANOUKI 10 Beadjonssola, Bandoang. Bombaj, Delosta, Charlben, Diamber, Djak. Jakaria", The Hague", Jeddah, Kim, Kom Badia, Makower, Molan, Padeng

PEAN Palembang. Pokaletgaz

Betterdam Pontianak Tangoo,

Bhanghai, Bibl (8amaira), Bingapore, Boarskalky Borskane (Balo), Tegal, Pilkajny and Weltevreden,

• The clone hers sale deposit boxas se lai. Leaden Banks-Natican Provincia! Bank Lái. Correspondents 'l over the world

Banking basin of every description transacted.

L. STOKKIRK

Huby Long, 19th August, 1906,

THE

Manager.

Chief Manager. AMERICAN EXPRESS COMPANY.

THE BANK OF CHINA.

行銀國中

INC.

Head QBce: 65, Broadway, New York.

special charter of The National Gov- erpment as En

Reorganised October 26, 1928, under

Capital

Surplus

Reserves

.U.S.$0,000,000 U.8.$1,572,454 .U.S.$1,908,209

INTERNATIONAL EXCHANGE

BRANCHES:-

BANK

Naples Pires Paria

Faking i'laring Rotiariam

Bome

Samboni

Babacribed Capital...$25,000,000.00

Pald-Up Capital $24,710,200,00

Gebo Glasgow Hatana Flamb

Inseriakas Jornalet Lide London Liverpool

AmaineZam

Athana

Reserve Funda

$8,820,501.82

Bagle Berlin Blaz Bernbu

HEAD OFFICE: SHANGHAL

Brumala

Bona A

HONG KONG BRANCH:

Cairo

Lucare

Lago Imia

Kelias Monte Carle Hanils

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 our clients special facilities for domestle and foreign banking and exchanges.

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

SHOU J. CHEN,

Manager Hong Kong, 5th March, 1981.

Canno Calambe

Constantinople

Shanghat Southampto Singapore Bt. Moria Tinti

Vianna

Venior

Yokohama Zurich

Oopsakagen Zdinburgh

Munich Flor464

Kosiar Csorn

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 investment handled.

accounts

The Company offers to intending Travellers the use of its "Travelers

THE YOKOHAMA SPECIE BANK, Cheques" and Letters of Credit and,

LIMITED.

Established 1680.

Capital (folly paid-up) Yen 100,000,000 Yen 118,200,000

Ecserve Fund

Head Office:-TOKOHAMA,

Branches and Agencies at:

Alexandria

Baterie

Berlin

Canton Changchun

Dairen (Dalay)

Nagzeaks

Nagoya Newchwang

New York

Oaks Paris Rangoon

Paiping

Fongtion (Mukden) Rio de Janeiro

Hanbow

Tour Kore

Honolulu

Kat Yuen

Karachi

Anrcics

gen Franciaco

Seattle Semarang Shanghai Shimenovald Singapore Bourabaya

Flextala

Tokyo

Taingian

Tutwest allowed on Current Ac cvente.

Deposits received for fixed periods at rates to be obtained an application.

H. MOEL***

Manager.

Hong Kong, 11th September, 1931.

fa addition, the world-wide services

of its thoroughly equipped Travel Do- partment.

Afiliated with

THE CHASE NATIONAL BANK Resourdes ..Over G$2,500,000,000

E. W. DUGGAN,

Manager.

THE CHINA MAIL.

THE HOCHONG BANK, LTD.

(Established 1917.)

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

Authorized Capital Straits $20,000,000 Issued Capital

*

Faid-up Capital ...

#

8,000,000 4,000,000

Reserve Liabilities

of Shareholders.

Surplus .....

4,000,000 2,687,000

Branches, Agcheios 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 Haussmann,

we

Commerce and Finance

THE PENALTY OF SCIENCE.

Why Prices Have Fallen.

две

of

den and draught is 'now free for food production and is ploughed by the very mechanisation that has set it free. Not only has science made our land yield more individual plants per acro but she has gone further still and made the very plants themselves to multiply their produce. The plant breeder with It is generally assumed that increasing knowledge of that won-

are Hving in

derful phenomenon called heredity overproduction of almost overy has given us races of crops, the thing. It is a condition of affaire quantity and quality of whose pro that does not lend itself to elucida- ducts have far outstripped those of tion very readily. Is it that in the

their ancestors. The foes of our past we have been more in a posi-held crops have been overcome by tion of equilibrium between con- the studies of the entomologist who Capital fully paid up .Fra. 120,000,000 sumption and production? If so,

has often turned

them Reserves (81.12.1989) Fr. 110,508,464 what are the disturbing forces that have recently come into play to upset our continuing that state in which we found ourselves?

Is it that the population of the earth has suddenly decreased but been left with a surfeit of previously produced or provided-for material rubber or coconut trees, prairies turned into smiling fields of corn, accumulation of textiles, and machines with which to make them?

Indo-China. Saigon Hanoi

PARIS.

Haiphong

Hue

Nam-Linh

BRANCHES:

Chins. Canton Fort-Bayard Battambang Hankeou Cantho

Hongkong Thanh Hoa

Mongiza Peping

Prom-Penh Shangha!

Quinhon

Other Places

Bangkok

Djibouti

Noumea

Papeote

Pondicherry Tientsin Tourane

Yunnanfou Singapore Vinh

Every description of Banking and Exchange Business transacted.

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

Safe Deposit Boxes to let. Travellers' cheques issued.

A. BONNAUD,

Manager

5, Queen's Rond Central, French Bauk Building. Hong Kong, 1st November, 1931.

THE NATIONAL CITY BANK

.OF NEW YORK.

HEAD OFFICE: 65, Wall Street, New York

Capital, Surplus and

Undivided Profits ..U.S.$220,087,802

Branches In

ARGENTINE LONDON BELGIUM

BRAZIL CHILE

CHINA COLOMBIA GUBA

DOMINICAN

REPUBLIC

INDIA

MEXICO PANAMA

PERU PHILIPPINE

ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY

No Decrease in Population, No; generally it does not seem an, although there may be a halt in the birth rate of some countries

upon

methods of destruction previously peculiarly their own.

These are but the aspects of science applied to agriculture, that is production from the soil. Selenco. applied to our manufacturing pro-1 cesses for the further elaboration of the primary products has achiev ed results by no means lesB startling. Our complaints of low prices would almost seem to be the penalty of science applied to human progress.

Dislocated Balance,

As Sir Harry McGowan recently put it when presiding at the Society the advance in others is top stupen- of Chemical Industry "The dous to allow of any explanation balance between industrial and along these lines. India is said to agricultural production had been The scientist might be increasing her population at the dislocated. rate of two and a half millions a congratulate himself upon having year and China even faster. The mude two canes of sugar grow tendency in Asia generally is for where only one grew before but the an enormous increase of human industrialist might see his. finion- beings.

cial structure tumbling about his Malthus and Darwin both put ears. Every improvement in pro- forward the views that there was cesses which increased mastery a tendency for population to In over Nature tended to lead to in- crease beyond the bounds of sub-creased supply. The vast number alstence but as great as is the in of workers in industry were slow to realise that their products were crease that state of affairs seems now to be reversed and production bringing in less money, and there- to have increased beyond the pace fore, slow to grasp that unless all costs fell proportionately with of human reproduction.

prices business would be lost and reduced." (The employment "Tropical Agriculturlat.")

own

To what then must we look for this seemingly never-ending in crease of the wants of man at a pace far outstripping his multiplication? This pace is the primary reason for the lowness in price of our rubler, coconuts, tea, and rice, to say nothing of the other man's commodities. The ex- planation is in very large part to be found in the development of

TUESDAY, NOVEMBER 10, 1931.

THE STANDARD OF THE BUSINESS WORLD.

The five point decimal tabulator. greatly increases the speed of exacting work, such as ledger writing, billing and statistical work where amounts must be writ ten in columns.

The Crowning Achievement of the Typewriter

Leader of the World.

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

A

THE NEW UNDERWOOD STANDARD TYPEWRITER, MODEL No. 6.

Solo Agents:

DODWELL &

Queen's Bldg.

CO.,

LTD.

Tel. 28021.

on

to

be at least twice the amount need-"

the ed to pay the interest SAVORY & MOORE DEBENTURES! Debenture stock.

The stock is redeemable by Preliminary particulars are September 80, 1961, by means of a published of an issue. nt 99% p.c. cumulative sinking fund starting of £185,000 71⁄2 p.c. First Mortgage || next

applicable year, and Debenture stock of Savory and redemption, either by purchase or Moore, the manufacturing and re- below 102 pc. or by drawings at 102. tall chemists, whose business was The right to redeem the stock in What Science Has Done."

established as far back as 1780. whole or in part at 102 pc. on or Crookes in 1898 called attention Kindred undertakings have since after September 30, 1983, is re- Current accounts to the then low yields of the world's been acquired. The value of the served: and Bavings Bank accounts opened cereals and predicted starvation assets available, as security for the and Fixed Deposits in local and for conditions within a measurablo Debenture stock (exclusive of trade sign currencies taken at rates that

ITALY

JAPAN

VENEZUELA

Commercial and Travellers' Letters

of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold

modern selence.

FORD MOTORS SUED FOR £3,600,000.

Action Over Patent.

Pittsburgh, Oct. 8.

ELECTRICAL ENGINEERS'

RESULTS.

1

Although a comparatively small undertaking from the point of view of capitalisation, Drake and Gor- electrical, mechanical ham, the

and hydraulic engineers, have suc- coeded in securing some important contracts during the last few years, and their profits have shown little variation since 1926. For the 12 months to June 30 last, gross pre- fits totalled £45,991, against £48,- 491 previously, the pot figure, after allowing

charges, for general interest, &c., being £8,242, compar- ed with £9,611.

For the sixth successive year a A sult for $18,000,000 (£3,600,- dividend of 5 pc. is being dia- while £1,200, against 000 at par) has been filed againsttributed

be ascertained on application to time owing to the rapidly increas- marks, patents, trade names and may be

ing population unless the chemist proprietary articles, and a valuable the Bank.

We are also able to offer our Cucould come to the aid of the cereal goodwill) is stated to be twice the offer. tomers the services of the Branches: of the International Banking Corpora- grower and provide him with amount of the stock now

Profits for tion in San Francisco and Spain and cheap and unlimited supply of ed for subscription.

The cheap supply of the eleven months to January 31 also of The National City Bank of nitrogen. New York (France), B.A. In Faris nitrogen is to-day the triumph of last were, £24,708, although includ- and Nico.

the chemist, it is an accomplisheding the earnings of, thirteen shops F. M.D. COURTNEY,

fact, he has harnessed the nitrogen only from the dates of acquisition, the Ford Motor Co., of Detroit and £2,500 is placed to general reserve, L Banker, £1,250 written off the new Debon- of the air for the use of the earth. and the directors are satisfied, in Pittsburgh, by Arthur Hong Kong, June 16, 1981.

Com-ture issue, and £3,294 carried for The engineer has given us view of the fact that business has of the Banker Windshield

ward, compared with £3,802. mechanisation beyond the dreams been maintained for the first six pany, of Pittsburgh.

It is alleged that the Ford Co. of even our fathers. Land within months of the current financial the last half century required for year, that profits, after adequate has infringed the patent of the the support of our beasts of bur- allowance for depreciation, should Banker windshield.

Manager.

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

HEAD OFFICE:-Talpeh, Formoss.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formon. Bank:Biztos xposed Ayresge ampeni....Tan. 18,908,000 BRANCHES AND AGENCIES: JAPAN)—Tokyo, Tokobama, Kobe, Onk PORMOSA Iran,

Karako Kostary Nakong Kanto, Ehjschiku, Tricks, Trinsh. Twin Tampa, Zoe, Unio, Tato CHINA 1-Ɛhanghai, Hanlow, Ámay, Voookow,

Ersion, Caton

OTHERSg Kong, Blogspoen, Bowrabaya,

Bemarang, Batavia, Bop.bway. Foodon, Tody Dairen.

LONDON BANKENS (

The London County Wacimingier and Parr's Bank, The Paskhas Corrispondaxis in all the principal Commeled Centers throughout the world.

LXAGVE

HONG KONG BRANCH:

Den Van Bood Central. Hong Kong 18th January, 19

Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.

FEAD OFFICE:

10, Des Voeux Road, Central. HONG KONG.

Capital and Surplus Toist. Resources

over $ 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- eign currencies opened for clients.

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

KAN TONG PO,

Chief Manager.

[KJ

231:21

011

(#50)

(1935)

A.O.F. C. Average of Shanghai Stocks

1931

TWENTY REPRESENTATIVE Bracks

whera

Work carried out last year by the company included installation at Lloyds Bank head office and ex- tensions at Harrods Stores, while a considerable share of contracts placed in London was obtained by the company's London Installation department in the past year. Those include a large generating plant for use in the Bank of England, and a similar equipment for the Pru-. dential Assurance Company's offices in Holborn.

UNCLAIMED TELEGRAMS.

The following unclaimed tele- grams are lying at the office of the Great Northern Telegraph Company (Limited) of Den- mark:

Roberts Smith, Repulse Bay Hotel, from Shanghai.

Antill, passenger, s.s. Yasukuni Maru, from Kobe.

H. EFFERSOE,

Actg. Superintendent.

Hong Kong, Novembor 4, 1981.

Irregular price movements have meet with difficulty in arranging belog within the 25.84-25,31 range. This is an indication of the deflated been taking place on the Shanghai for the credit normally used.

Figures on Japanese importa re-state of the market, for prices are

The following unclaimed tale- Stock Exchange during the past veal a large shrinkage in takings definitely down to levels

grams are lying at the E.E, Tele- week. Traders have been unable of cotton cloth. This atimulates many market followers regard graph Co, Office, Hong Bo

Ponsonby, Hong Kong Bank, to dispel their apprehensions on the demand for cloth of domestic stocks as bargaiha

The statistical record of the from London. Po, the future of business as long as manufacture and there has been

Vandersteen,, Hong Kong Hotel, Jan. 6 24.10 from London. conditions are unspitled due to the marked steadiness in such issues as 4.0.F.C. Average follows:

Sept. 19 28.60 boycott on Japanese goods. The re- The A.O.F.C. Average has made High for year:

8. LACKA

Mangger. porcussions in the money market three minor fluctuations in the last Previous low point: Oct. 31.25.88 Nov. 8 25,81

Hong Kong, October, 29, 1981, have been disturbing and brokers ten days, the low point in each ease

Ewos.

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