1931-11-11 — Page 2

BANKS

HONG KONG AND JHANGHAI BANKING CORPORATION.

Authorised Ospital minun 1964,000,000 Dorsal and Fully Paidup woman, 1999,200,300 Boomero Palle 3----

#berlingen & 9,800,000

. 10,000,000

Bezerra Lánh lág at Propelalezt som 230,001,994 HEAD OFFION, HONG KONG.

BOARD OF DIRECTORI ;-

• Mat, Mr. 1, B. 1. Maobia.

+

Osirman.

Hon. Mr. X, 7, Pobornon,

Dopey Chairman.

ENG 10. #. H. Ball, T. # Promo. Dis

C. X. Coupon, Joy. J. Ai Fiammer, Mog.

. . .

J. F. Warren, Hon.

MOY

BANGKO

BATAVIA

COMBAT

7 “G, Orszlete, Mos

SALOUTTA BANTON

COLOMBO

DAINON TOGOROW

AYBERG

MANKOW!

ANCHES:—

CONDOR

TRON

M400A MANILA

MUAN (Jeh

HUIDAN

NEW TOLL

Pairing

PENANG MANGOON

PALGON

SAN FRANGIBOU

SHANGHA

SINGAPORE

XOXGI

PORABAYA

ILOILO

SURGHI PATANE

ПРОМ

дол

KOWLOOM

KUALA LUMPUR

TIENTSIN

TUKYO

TSINGTAO

YOKOHAMA

Carrani Lounis opened a Loss! CertoRNY

Fred Deponite received for ses ya? W varrier periode in Loon Ovceroy and aseellaa somi which will be quoted on ospěšin, Hong Kong, Dik Fobemary, 11.

HONG KONG SAVINGS BANK.

The Desire at the shore Baak le condu

by the HONG KONG AND BILANOHAY SAXEING CORPORATION.

Bulse may be

ovialzed_on_ application AND HANOMAI

YOU THE

BANKING CORPORATION.

V. M, ORATDORN,

Mang Kesa 10th July, 1994.

Oled Manager.

THE BANK OF CANTON, LTD. Established 1912.

1

Head Once:-Hong Kong. Saibarbed Caplis! {II.X. Curranes) $11,006,000 0,041,000 --.... 1,108,300

-Up Capibal miomessen

REANOBIS

Canton, Banghai,

Hlasker, Benjar,

Bangkok. Now Tack and San Frsoninos.

GORRESPONDENTI

LONDON BANKZKŐ ......

The Lloyd's Bank, Limited.

In all principal tiling of the World.

Vorige song, and banking houses of

brary Emeription transacted.

Sala Deposit Bozan (radiona siasa) 61 a yearly

tatoes 85 to $40.

LOOK POONG SHAN,

Chlof Manager.

THE BANK OF CHINA. 行一銀國中

INTERNATIONAL EXCHANGE.

Babacribed Capital....$25,000,000.00

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

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000 .£4,000,000

.£3,000,000

Agencies and Branches:

KUMLING

MADRAS

MANILA

ALOU STAR

AMRITSAN

BANGKOK

BATAVIA

BOMBAY OLLOUTTA CANTON CAWNPOED OXDU

COLOMBO

KARBIN

MEDAN

NEW YORK

PKPANG (Paking) PENAND HANGOON

BAITON

➜ SEMARANG

SEREMBAN SHANGHAI SINDAPOBE SITIAWAN

• BOURABAYA

TAIPING

DAIEEN

DKLHI

HAIPHONG

HAMBURG

JANKOW

TONG KONG

FLOILO

KARACHI

TLANG

KUALA BANOBAR

KUALA LUMPRE

TONGKAH (Bbokst) THINGTAO YOKOHAMA ZAMBOANGA

Foreign Exchange

and

General

ПРОП

HOE

TIENTHIN TOKYO

Banking business transacted.

Current Accounts opened and Fix

THE HO HOND BANK, LTD.

(Established 1917.)

THE

CHINA MAIL.

Commerce

Finance

and

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

Authorised Capital · Straits $20,000,000 Isaved Capital

Paid-up Capital

Reserve Labilities:

of Shareholders.

Surplus

か

8,000,000

4,000,000

4,000,000 2,687,000

Branches. Agencios and Correspon- denta in the principal cities of the world.

Every description of Banklag með Exchange business transacted.

TAN ENG HOOI,

Manager.

BANQUE DE L'INDOCHINE.

HEAD OFFICE:

96, Boulevard Haussmana, PARIS.

Indo-China, Saigon Hinnoi

Other Places.

Capital fully paid up .Fra. 120,000,000 Reserves (31.12.1930) .Frs. 110,508,454 BRANCHES:

China, Canton Fort-Bnyard Haiphong Battambang Hankeou

Hongkong Mongtze Peping

Cantho which will

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

J. STUART,

Manager. Hong Kong, 17th August, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

DANKZER.

Established 18.

Hong Kong Mor:—11, Queen's Hood Out).

Authorized Capital Gulidare 159,900,000- (R19.599.000.) Paid-Up Capital

............. Guildes 80,000,00

(21.800,178) Report Fund Ouilder” 20.411,990

*

I AMSTERDAM' Bar Hand OH001-BATAVIA. BRANCHES.- Bandjarmasin, Feadong; Bombay,

Calcula, Charbon, Djember, Djoki jakarta", The Hague', Zolási, Kobo, Kote-Badja, Makassar, Medan, Faésag Pakalangas, Penang, Palembang. Prullans Bangvon Botterdam", Basar

Elbeigs Dhanghai, (Bumales), Blogspore, Boarabela, Boris (Bolo), Tegal, Tillajaş nad Weltevreden".

• The clone here sulu deposit boxes he l London Packers-Natious! Provínolai Bank Ltd.

Gerrasperdenia all over the worl

Banking businama of ovary description trasacied.

4. STOKKINI,

Hong Kong, 18th Augent, 1900,

THE

Maxime.

AMERICAN EXPRESS COMPANY, INC.

Bend Offer: 65, Broadway, New York.

special charter of The National Gor- ernment as 20

Reorganized October 26, 1928, under

Capital

Surplus

Reserves

.U.S.$6,000,000 .U.8.$1,572,454 .U.S.$1,908,209

BRANCHES:-

BANK.

Adam

Answary

Pald-Up Capital

Reserve Funds

Besta $24,710.200.00 .$ 3,820,508.92

Bella

Diatribe

Hom

Bretan

HEAD OFFICE: SHANGHAL

Brumalz

Buenos Aires

Geo Glasgow HAVEN Kamburg Havre Interlaken Jerusalam Lida London Liverpool

Min Explos Pizhezze

PRADE

Cater

Lucerne

HONG KONG DRANCH:

Enha

Luzo

Marssillas

Monte Carlo,

Mansta

Manich

Montre

Milan

4, Queen's Road Central.

Owing to our numerons branches in China and large connections in the Im-

•portant commercial centras of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.

We also handle the lasco of Bonds and other Public Funds of the Chin- ese Government both at home and abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1981.

Manager.

Calcutta Gann Culembe

Pahing Paleroo Rotterdam Вофе Bsubcal Shanghal Scothampton

Singapor

St. Morita Tiantais

Vienna Tendon Yokohama Eurial

Constantinopl Copenhagan Zdinburgh More Overa

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 Cheques" and Lotters of Credit and,

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

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Yen 116,200,000 Reserve Fund

C

Head Office:-YOKOHAMA,

Branches and Agencies xt:

Alexandria Batavis

Berlia

Bombay Valcutta

Nagasaki Nagoya

Newchwang

New York Osaka Parla

Felping

Daireb (Dalny) Rangoon Fongtion (Makdan) Bio de Janeiro

Hamburg

Hankow

Harbin

HORE KODE

Honolulu

Tusu

Karachi

Kobe

London

Los Angeles

San Francisco

Beattle

Semarang

Shangha Shimanosaki Singapore Воставлук

Bydrey Tientsin

Tokyo Taingtan

Interest allowed on Current Ac County:

Deposits received for fred periods at rates to be obtained on application.

H. MORI,

My Manager,

Hồng Kong, 12 Septending, 107i

of its thoroughly equipped, Travel De- partment.

Affiliated with

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

Thank-Hos

Nam Dinh

Quinhon

Tourane Vinh

Prom-Penh Shanghai

Bangkok

Djibout!

Noumea

Papeete

Pondicherry

Tientsin 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 let. Travellers' cheques Issued,

A. BONNAUD,

Manager,

5, Queen's Road Central,- French Bank Building. 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.S.$220,087,302

Branches in

ARGENTINE LONDON

BELGIUM BRAZIL

CHILE CHINA COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA

ITALY JAPAN

.

MEXICO

. PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS URUGUAY

VENEZUELA

WEDNESDAY, NOVEMBER 11, 1931,

To the American accumulation ments, and. adds that the last thera must, as a European adver- modal, introduced in January, was alty, he added the five hundred mil-woll received and that all other lion pounds of gold in the vaults models continus in popular favour. of France, the two amounting to As the preceding accounts cover. two-thirds of the world's stock ofed only seven months. full com- gold. It would seem that the parison of profits and appropria- monetary instrument, which is the tions to Impracticable. Gross trad- normal machinery of adjustment in ing profit was £1,876,244, while

LORD INCHCAPE AND Of the utmost desirability is the the world's exchange of goods, has, the £858,137 of the previous soven

TARIFFS.

"Why I Have Thrown Over Free Trade."

CHANGE OF VIEWS.

Over-Production.

recognition by the patriots among as the result of these swollen de-months was at the rate of $1,471,- the leaders of Labour of the gravity posits, been thrown out of gear, if 092 per annum, but that is no de- of the present crisis. We are face not, for the time being, completely finite evidence of slowing down. to face with an emergency which | destroyed. may be likened to that of 1914 and which, although differing in charac- ter, is, from the national, point of view, of equal menace to every man and woman and child In the Kingdom. It seems imperative, in this situation, to call a truce, for this is not a time for party politics or for a sacrifice of the people to

The Dole.

Lord Inchenpe, the world-famous i poltical ambitions. merchant, banker and shipowner, whose interests in all parts of the globe, but particularly in the East are very wide, has been a lifelong

believer in Free Trade.

Immense weight, therefore at taches to Lord Inchcapo's declara: tion in this important statement of the nation's problems that he "does not hesitate, in the conditions in

Ex-

It was inevitable that dole pay ments be reduced if the contribu tion of labour, especially of labour

WAS

Maintenance and depreciation take £499,637 and fees £2,875, leaving the net before debenture service As an alternative, to the release £874,232. Interest, sinking fund, of the hoarded metal resort to the and Preference dividends absorb system of barter which constituted $208,569, and thus £685,669 the trade machinery of primitive carned for the Preferred and Or civilisations is, in the condition of |dinary capital.

This balance, reinforced by the world of to-day, impossible; but the present world-wide over- £279,820 brought in, is conserva- production by the nations in the tively dealt with, for £200,000 is effort to meet their liabilities is devoted to creating a reserve and akin to it, and, as a result, the £250,000 is put to income-tax ac- world is bankrupt.

count, including £170,000 not pay- The There is a volume of respected able until January, 1939. opinion in the United States of Preferred and Ordinary dividends some-each require £112,500, and £270,489 America which holds that thing should be done.

is carried forward.

in the sheltered industries, to re- duced costs of production was to become possible and the present drain of overhead costs in workless essential that every avenue should Meantime, for Great Britain it is factories be remedied.

•

A Sound Balance Sheet.

The balance-shoot is strong and of total assets of

In the direction of equality of be explored which may lead in the which Great Britain finds herself sacrifice, appeal to the patriotism/ direction of such economic inde-liquid. to-day, to admit the financial

plete economic independence is, all in cash, and only £280,000 is. re- pediency of a tariff for the protec- of British holders of cortain Gov-endence as we may attain. Com-£5,340,638 as much as £1,138,978 is

ernment securities in aid of a

admit, beyond our reach; but as presented by goodwill and patents. tion of British industry and agricul-reduction of interest (following the the result of such a series of in- Excluding tools valued at £150,000,

example of Australia) should

of trade) production for the home, with cash and debtors £2,300,760 render easier un extended measure quiries (I come again to the balance the stack is £1,104,928, ranking market should bę immensely of current assets against £430,378 increased and the total of our owed to creditors and £333,650 of

faccrued charges. imports much reduced.

Lure."

The troubles which have assailed

Great Britain fall into two classes, those of internal and those of external origin, he writes in the Daily Mail.

| aro:

of conversion.

With regard to the European burden of war debts and repara tions, in which Great Britain is a chief participant the remedy, as shown, by President Hoover's recent limited moratorium, would seem to lie in the hand of America. America has, unwittingly, drawn upon herself the punishment of an Intemperate dyspeptic.

World Gold.

}

The value of silver in 1914 was

If the 'dividends now paid on the 24 13-16d. per ounce; to-day it is Ordinary look very large, it should in the neighbourhood of 12d. This be borne in mind that the shares is killing China, which has a silver received nothing for ten years, down from £1 to 5s, each;' while currency, and is, very materially, and that in 1927 they were written injuriously affecting the export trade from Europe and America, the Preferred Ordinary received If some arrangement could be de-no dividenda for nine years, and in 1927, were written down from vised, as 1 believe is possible, to raise the value of allver relatively £1 to 10s. to gold the trade with the Far East would vastly improve.

IMPERIAL AIRWAYS.

Of the former those which would appear capable of early treatment Our unprotected home in- dustries; the growing excess of our imports; the apparent indifference of the Trade Union leaders to the the danger, national character of The troubles which may be more gradually curable are: the present degree of unemployment of men and! The tender of goods and services machines the decline of exports, by the debtor countries is, against visible and invisible; excessive taxa- America's tariff wall, of no avail, tion.

for behind that wall she is herself Chiefly. those of external origin surfeited by goods and services of are: the drain imposed upon Great her own making, with a large and

Profita of Imperiál 'Airways de- Britain by war debta; the transfer increasing margin of unemplay-

clined sharply during the past abroad, resulting from their war-ment. She therefore continues to

When Austin Motor Co. declar- year. Preliminary figures show time suspension, of our former ex-demand payment in gold notwith- port Industries; the isolation of standing the thousand millioned dividends of 60 p.c. on the Pre- that the profit for the year to Great Britain in a world of tariff already in her possession. Thus ferred Ordinary and 100 p.c. on March 31 lust, after charging wall and frozen gold. Public gold from without and over-produc- the Ordinary shares, the share94,273, against £85,887, for ob- economies, already in care of the tion within, with a static or declin-holders were informed that the solescence, was £27,140, compared Government, I will not discuEB.

ing export trade, are ever adding profit of the year to June 30 was with £60,139 for the previous year. to her malady. An emetic. would, a record one and that home sales The dividend is reduced from 5 perhaps, be the most wholesome of Austin cars had excoeded these p.c. to 3 p.c., but the amount car- treatment that her fiscal advisers of the preceding year by 26 p.c. ried forward is increased from

The report confirms these stute- £20,957 to £31,655.

A New Charter. 1,have been all my lo bellever in

the commercial and economic But I do value of Free Trade.. not hesitate. In the conditions in which Great Britain finds herself to-day, to admit the finanical ex-

22 tariff for the of British indus- agriculture.

Such

4

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bill of Exchange and Cable Transfers pediency of bought and sold. Current account protection and Savings Bank accounts opened try and Fixed Depoalta in local and for- measure would give the arable elga currencies taken at rates that farmer a new charter and bring may be ascertained on application to:

back to the land a substantial num- the Bank

and

We are also able to offer our Cua-ber of men, and women accustomed tomers the services of the Branches to rural life who are now idle.

of the International Banking Corpora-

tion in San Francisco and Spain and

Under a tariff internal prices

also of The National City Bank of might, and probably would, rise New York (France), BA in Paris slightly, but this would be offset by

and Nico.

increased employment and the F. McD. COURTNEY,

Manager. fiscal advantage of reduced imports. Hong Kong, June 16, 1931.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

HEAD OFFICE:-Talpeb, Formosa.

Incorporated by Special Imperial Charter, 1899.

In the long run. with our factories working at their capuelty, we might hope to produce a surplus of goods exportable at world prices, with an increased reaction towards a credit balance of trade and a further re- duction of the unemployment drain on the national purse.

In aid of this latter consummu- tion it should not be beyond the wit of the Government to devise à scheme whereby a measure of the Coastal Bha la Formosa. Bank-Upias menad Arsenga umount unden. 6,000,00 wealth now devoted to the mainten-

BRANCHES AND AGENCLES:

ance of the unemployed; might be JAPAN:Tokyo, Yokohama, Kobe, Deals FORMOSA 1---ĢUna, Ear, Kerasko, Eduse productively applied with the ob- Wakoos, Nanto, Balickika, Tricks, Tina, ject of early absorption into in- CHINA, Mackow, Amoy, Foookow, fustry of some of the workless,

Awalow, Cesion, OTHERS HA Bispora Borstay particularly those of semi-ekliled

Bewaring Balavia. Bombay. Calosti,

qualifications.

Takao. Tamen, Ton, Halia, Taito

Lantion, Fine Fark, Dairen

IÖONDON BANKERS:

The London County Westmine and Parr'e Bank,

The Bank has Cortespondania is all the principal Commercial Centre throughout the world.

L. KAGURA.

Mansge

E. W. DUGGAN,

Manager.

HONG KONG BRANCH:

De Your Bowl Centrei, Hong Kong, 18th Jannary, 1938.

THE BANK OF EAST ASIA, LTD.

·

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central HONG KONG

Capital and Surplus.............. over H.$ 8,000,000.00 Total Resources ........................ ................ over IL$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 clients,

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

KAN TONG PO,

could administer.

AUSTIN MOTOR ACCOUNTS.

Guaranteed Unconditionally

for a Lifetime of Service

· Balanced cap,

Precious Iridian point, the world hardest and one of the mare colly *metala. Punë vi gold tip ayl ground lo amach writing

ourface.

20th of 34 keraj „heavy gold, alleged and hapedis Shafi'r factory.

Special comb feel

wning full Jou without shopping er flooding.

Clip skenk of opt

Nal gadi peng metal. Will main (6) strength and held firmly.

▼Instår cup forme "sufight thesabre. Karpi pomi most.

Szetion conven 'sently shaped in j

the fingers flymly seated

་

f

is this world-famed Sheaffer's Lifetime. All Lifetime fountain-pens

are guaranteed for life

against everything ex- cept loss. And all other Sheaffer products are definitely guaranteed.

against defects in mate

Berial and workmanship.

\Ball clip sa holds firmly without "swearinj qe tearing

the clock

YGold filled band vi

inforcer open end

of cap

THE MERCANTILE BANK OF

"Large sex offici

#ubber later per

antis pleverful sup

pig of wring full.

Pillos muchanem

Les flat on banch

INDIA, LTD.

HEAD OFFICE:

35, Ürsosohurch Brook, Lavados, E.C.3.

Authorised Capital

Subscribed Capital Paid-up Capital

....£3,000,000 1,800,000

• 1,050,000 Reserve Fund and Reat 1,600,845 DANK2781

The Bank of England à Midland Bank, Ltd.

Bangkok

Bateria

Bombay

Calcutta

Colombo.

Galla

Ipok

BRANCHES,

Karbal

Kota Bharu

·Kuali Kral

Kuals Fápis

Kusla Inimper

New York

Pinang Por La

(Monetiis)

Fangam Ranghal

**

[vog Long, Kuantan (Fabang) Bingspore Gerwink

Maline

Bourabaya

HONG KONG BRANCH,

Every useription-7-Basking and Zichange bas- Dove trazancied.

Traveller boquen lieved.

Trustee and Executorships under- taken

INTEREST allowed on Curers Accounts sol Plz Deposu od Bains But may be ascertained'

C. L. SANDES,

Chief Manager.

Queer's Road Contest. Hong Kong, 19th April, '

Manager.

Filing Jer 11 firm Ipførtemes va plaer.

„Thumb mal reces

permita convEK"

mly fun of ber

I filling

Balanced end.

Study the detailed cross-

section of the Lifetime

pen, above. It is built to serve, faithfully, for life.

· At better stoves everywhere. ........

All fountain pens are guaranteed against defects but Bisender'a Lifetime is guaranteed unconditionally for life. Fountain-pers and pencils of black, green, and black and pearl unbreakable, Fladite.

SHEAFFER'S

PENS PENCILS-DESK SETS SKRIP

'W. A. BREAFTER PEN DOSIPANY - PORT MADISON, IOWA, U. §. A.

THE SUN COMPANY, LTD.

Sole Distributorá

Skrip

SAPUTT SKRIT).

Fraentially membe