1931-11-24 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

loomad, and Fully Films' moms. 100,906,319 Barerro Wilda -

ting munozomin á 3,800,000

deserve. Läsk city at Bergdavere som 990,100,005

MMAD"WUFICH; HOND ZONE.

BOARD OF DIRECTORS (

Math. Ma, G. 0, 1. Mario. Cheiran

Kes. Mr. V. J, Palatoon,

Depniy Okaleman.

*NEWAS. Mc. *. x. Ball, T. X Poucos, Be

B. X. Compton, Mog. 7. k. Flammar, Beg

2. Lalu Lewis, Hag, T. II. X. (MY, Dog.

-27 Meth, Bay.

#

AMOY

BAXOXON

BATAVIA

COMBAY

3. P. Warren, Ben.

"Graybarn. Bey. ·

JANOBAS:

LONDON

BYONE

MALAQUA

MANILA

NUám (2sàural

BAXTOR

KORDER

NEW YORK

COLOMBO

PRIPING

CALCUTTA

WOOGNOW MAXFRONG KAMBUSO

NONGINW ILOILO

KOWLOON

KUALA LINFOR

ТАКАМА

14300M

TAIGOM

TALGUN

FAN FXABOIBOV

BHANGHA

SINGAPORE

BOURABAYA

HUNGRI PATAW TIENTUIN

TOKYO

TRINGTAO

YOKOHAMA

Unreses kavegate oprasé in Leoni Onetuğu and Fiest Deposion ronivad for age rear ar sharme poriada le Loon! Currency und Marlins in forma which will in quoted en napliusaAL

King With Pubruary, 1001.

HONG KONG SAVINGS BANK.

The Bosses of, the abova Biak le mačust theBONO LONG AND HILANGHAI BARKING CORPORATION. Rules may be

·wbininad on spplingston.

TO THE HORGLONG AND SHARONAI BANKING CORPORATION,

Y. M. GRATRUBA,

Mong Kang, 194 July, 1004.

13

Ollat Massger

THE BANK OF CANTON, LTD..

Batablimbed, 1912.

Head Ofices--Bong Kong. Abberland Osplint (ILL. Outeunay) $11,000,000

BRANCHES.–

113,000

Canine, Ghazħal, Honker, 1walow, Bangkok, New York and Sea Fronoison.

CORERIPONDENTS

LONDON HIKIN

The day's Bask, Limited.

In sil prinsipal altine of the World.

Wordles arhange and banking budsson o

urney loserisian fransacted.

Als Depend Botas (various sinus) at a yendiy

eneral að frama 35 10 150.

LOOK POONG SHAN,

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

HEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund

Reserve Liability of Pro-

prietors

THE

THE HO HONG BANK, LTD.

(Established 1917.)

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

Authorland Capital Straits $20,000,000 Issued Capital .... Paid-up Capital Reservo Liabilities

of Shareholders. Burplus

1

8,000,000 4,000,000

4,000,000

#1

CHINA MAIL.

2,687,000 RUSSIA'S

Branchos, Agencies and Correspon £3,000,000 £4,000,000 dent in the principal cities of the

world

£3,000,000

Agencies and Branche:

KUCHING

MADRAN

ALOH STAR

AMBITSANA BANGKOK BATAVIA BUMBAY

CALLUITA CLITOR GAWNFORE OLDU DOLOMBO БАШКИ

HUPHONG

DELITT

HAMSUBO

HANKOW

HARDIN

HON TOYO

TPOE

ILOTLO

MANILA

MEDAN

NEW YORK

PEPING (Poking) PENANG BANDOOM

BAIGON

BEMARANG

SEREMBAN

BETANGHAI

BINGAPORE

SITIAWAN

BOURABATA

TAIPING

TIEN1BIK

XARACHI

TOKYO

KLANG

TUNGKAH (Bkakai)

TRINGTAO

XUALA KANGSAR

TOKOLLAXI

TOALA LUMPUR

ZANDOANDA

Foreign Exchange

and

General

XORN

Banking business transacted.

Current Accounts opened and Fix

ed Deposita 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.

(KMIUMRLANDS TALDING' BOCIETY)

་

BANKERS.

Hatablished 18.

* Long (lloc:=-11, Queen's Bond Contrai.

Astrid Capital

old-Up Deplial

Bulliers 316,000,990- (£3,500,000.) Guilders 30,000,00

(25.000,170) My Fund. Qulidərs" 48,011,and (21,194,300)

Hand 05441-AMSTERDAM* Kashers Head Qfics :--BATAVIA BRANCHES - Bandjarmasin, Bandoung". Bombej

Galow, Charbon, Dabar, Digi jakuria", The Hagia", Toddak, Kabi £mašlakļa, išskauwer, Madani, Padasi

Timbang

Pakalanqua angoon," Bokseriam') Mibola Εξαχαραν, Bourabal

Ponda Semarang Bhangh

Walserradan".

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

Manager.

BANQUE DE L'INDOCHINE.

HEAD OFFICE:

96, Boulevard Haussmann, PARIS.

Capital fully paid up .Fra. 120,000,000 Reserves (31.12.1930) Fr. 116,503,456 BRANCHES:

Indo-China. China. Other Places. Saigon

Canton Hànol

Bangkok Fort-Bayard Haiphong

Dilbout! Battambang Hankeou Cantho

Noumea Mongtze Nam Định Peping Papeete Paom-Ponk Shanghai.

Pondicherry Tientsin Yunnanfou Singapore Every description of Braking and Exchange Business transacted.

Interest allowed on Current Accounts

Thanh-Hoa Hongkong

Huo

Quinhon Tourane

Vinb

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, lat November, 1981.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Soerstaria (Boin), Tegal, Tillaley | Capital, Surplus and

Undivided Profits..U.S.4228,097,892

* These allows hava sala daponis hozas he inh Lazdan Baskaru --Bakional Perinolal Bank IM Ocerespondenle all over the world

Banking businese ci svag deviption transotad.

A. STOKKINI,

King Kong, 14 åsgust, 1908,

THE

Branches :--- ARGENTINE LONDON BELGIUM

BRAZIL

Hassan.

CHILE CHINA

Chief Manager. AMERICAN EXPRESS COMPANI,

THE BANK OF CHINA. 行銀國中

COLOMBIA

QUBA

DOMINICAN

REPUBLIC

MEXICO

PANAMA

FERU PHILIPPINE ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

Commerce and Finance

tion,

TUESDAY, NOVEMBER 24, 1931.

novor satisfactorily solved, DISPUTE OVER TWO

began to force themselves щого and more insistently upon the at tention of the Soviet loaders.

Rudzutak, in his recent speech) had some sharp things to say about tractor parts which crumbled Into powder when subjected to the test of operation, and about steel rails; in pre-war times wore ECONOMIC rationing system to most foodstuffs which

and many manufactured goods guaranteed for thirty or forty years exorted a distinctly levelling effect and now cannot be guaranteed forj and tended to reduce almost all more than Ove. classes to a similar meagre and un- comfortable standard of living.

POLICY.

A Government at Peace with Her Specialists.

The Noo-Nop, or newest economic policy, which Stalin outlined in his spcech before a conference of in- dustrial directora late in June, has found expression in a number of Important practical changes and al-, ready stands out as a major feature of Soviet internal policy during the

present year.

away,

Destitute Rusalons.

SNUFFBOXES.

Experts on Antiques and Fakes.

JUDGE AND MAN WHO MADE A FORTUNE.

Mr. Kocdock said he bought the

Evidence regarding china fakes The new policy, with its main was given at Westminster County features, conciliation and efficient Court last month, when Mr. Charles Now the rationing system, although utilisation of the old engineere, dif- Koekoek, antique dealer, Rue de la It insures a subsistence minimurti ferential wages and greater au-Chateaudun, Paris, claimed £100 of indispensable articles of food for thority and responsibility for the from Mr. S. N. Nyberg, antique the city population, is melting managers of State ontorprises, re-dealer, Grafton Street, Now Bond presents first of all an effort to Street, W., in connection with a Expensive shops, owned not by solve the pressing problems of purchase of antique goods. private individuals but by the State, quality and efficiency and to place Mr. Nyberg paid £50 into court as butter, a more solid foundation under the alleging that two small Mannecy where such "luxuries" cheese, tinned fruit, sausage, etc., quantitative auccesses of the Five snuffboxes included in the goods may be purchased at prices which year Plan which are not infraquent purchased were not ancient Chan- china, as guaranteed, but exceed by several times the scale ly vitated, or at least heavily dis- till

Alternatively, ho fixed in co-operative shops, have counted, by law. coefficients of modern fakes.

over the

counter-claimed 450 for possible country. quality and efficiency, sprang up all

loss of profit on resale of the The bill of fare in a provincial co.

fboxes. operative restaurant in these days

A new ruling by the Torgain, o is bleak and unappetising; but ex-

which Bells Perhaps the greatest visible pensive restaurants have appeared State corporation

they lieving

were genuinely change is in the relations between (also under State ownership) where special foodstuffs and manufactur. boxes from a Versailles denier, be 'antique. He still believed · they the ruling Communist party and the for five or six roubles (nominally ed goods only in exchange for for- a quite eign currency, makes it casior for ten or twelve shillings)

destitute Russians to receive ald word. He did not charge £50 for pre-war engineers and technical satisfactory meal can be bought.

or friends abroad, them, but £20, and they wore in- from relatives specialists. The widespread agita- Manufactured Goods.

and also throws light on the com- cluded in a lot of antiques for tion about alleged prevalence of de-

the case of manufactured plications of sale and distribution which Mr. Nyberg agreed to pay £100. He offered to take back the liberate sabotage in the State In-goods the practice of selling at rain in the Soviet Union.

lot, but Mr. Nyberg said he had ed prices to all citizens, instead of

Up to very recently it was al dustries, an agastation which in-disposing of them at lower prices most impossible to send help from sold some of the articles.

Mr. H. G. Garland (for Mr. evitably made the lot of the most to persons armed with an order abroad to needy Russians. conscientious non-Communist en- from a factory committee, is exten- on Imported foodstuffs and clothes, Nyberg): You would never dream even if the latter are old and worn, of selling the two boxes for £20 if gineer very difficult, has ceased. ding itself.

Emphasis on piecework methods are, in most cases prohibitively they were genuine?-I say they are Instead (writes the Moscow cor-

of payment is another sign of the high: The sonding of a maney re- not worth more than £20.

Mr. Nyberg said that he was not Manchester times. of espondent

the

Even in the agriculture mittance conveyed a minimum of Guardian) one sees a number of communes (a more thoroughgoing benefit to the recipient, because an expert in china, and relied on the State toward the technical in- type of peasant producera co- little beyond a meagre rationed al- Mr. Koekoek's guarantee. If Mr. operative than the ordinary coller lotment of food could be bought in Kockock had asked only £20 he telligentsia, such as the raising of tive farm), where equal distribu- co-operative stores, whilst prices on would not have bought the boxes, engineers' compensation, the giving tion of income was formerly the free market, measured in terms for they could not have been to technical specialists and their practised in many cases, the prin of the official Soviet exchange rate, genuino Monnecy at the price. families all the privileges which in- ciple "more to the worker who pro- are fantastically high.

duces more" is now being enforced. The now ruling by the Torgsin Mr. Harry Simmons, ex-président dustrial workers enjoy in such

When one speaks of a "noweat" provides that remittances to Russia of the British Antique Dealers' As- things as preferential admission to

be ex socletion, said that genuine Mon- rest homes, sanatoria, and, higher economic policy" in Russia there is in foreign currency may

no question of a reversion to the changed at the stores of the necy boxes were made in the early schools, and the pardoning and public rewarding of some convict

ed saboteurs, continued to work in Industrial plants and distinguished themselves by good service.

Some Changes. There have recently been some changes in the directing personnel of the formidable Ogpu, or political police; and while no official com- ment on this development is avail- ble Russians in priante conversa- tion are apt to interpret it as a sign of relaxing pressure.

In

Д

Duties

Cannot Be Made Now.

!

original Nep, which Lenin intro- Torgain for export lood products eighteenth century of a peculiar duced in 1921. The classes which which the Torgsin has at its dis-soft paste which could not be pro- the Nep called into existence, the poant, at prices which approxim-duced now. If the two boxes were Nepmon, or private traders, in the ate those of the world market.

genuine they would be worth £150, towns, and the kulaka, or richer

Operations Extended. but they were fakes, and made to pessants, in the villages, have been

The ruling further stipulates that be sold as fakes.

Mr. Harold Davis, an antique thoroughly "liquidated," to use all citizens, regardless of their. favourite Communist expression. class, may enjoy this privilege. china dealer, said that the two The drive to eliminate the last re- This is of great potential benefit boxes were fakes beyond a shadow muins of private ownership of to the pariah class or caste of of doubt. "There are all sorts of means of production continues un "lishentai," disfranchised persons, fakes," he added, "evon to putting abated.

who are not given food cards under holes in furniture." But there is a clear tendency to the Soviet system. It is just theno Judge Turner: I know. A man extend the range of material relishontal" (former artistocrats, came to London about 100 years merchants, traders, priests and ago, and made a fortune because he Commercial and Travellers' Lettera! Another straw pointing in the ward, and hence of inequality with of Credit, Travellers' Cheques, Billa

by Vice Premier Yan Rudzutak, who the gigantic State economy that has many cases would be likely to have in furniture, bought and sold. Current accounts

Davis thought that £50 to Savings Bank accounts opened declared that, while the workers grown up in Russia.

Torgain, which opened its first £70 would be a reasonable price and Fixed Deposits in local and for were the masters of Russian in- speed of industrial development, relatives or friends living abroad. Mr. eign currencies taken at rates that dustry, they were masters "without under the Five-year Plan, which store in Moscow last year, has now for the two boxes if genuine, and may be ascertained on application to technical knowledge, and suggested comes to its official conclusion at extended its operations quite wide £20 a ridiculous price.

We are also able to offer our Cas-that the mutual grievances of the the end of 1932, has been a power ly, and smaller branch shops may Mr. Frederick Axford, antique

INDIA ITALY JAPAN

.

of Exchange and Cable Transfers same direction was a recent speech, the bounds and' the framework of ministers of religion, etc.) who in was a genius in making wormholes

INC.

Head Oflec: 65, Broadway, New York.

Capital

special charter of The National Gov- ernment as an

Reorganised October 28, 1928, under

Burplus

Reserves

.U.8.$6,000,000 U.8.31,572,454 .U.S.$1,908,209

And

the Bank,

Letras Antworp

Nien Hapin Pi

Berlia

HAVIO

Perang

Barvi

Interlaken

Faking

Pulang

Examina

Botterdam

Bromela

Loud.c

压

Boss Br

Edverpool

Osire

Zure

Bhooghal

Daleuthe

Lope

Demos

Olambe

Commanticple

$24,710,209.00

INTERNATIONAL BICHANGE

BANK.

Subscribed Capital....$25,000,000,05

Fald-Up Capital, ..........

Reserve Funds ......$ 8,820,503,89

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4. Queen's Road Central.

Owing to our numerous branches in China and large connections in the in- portant commercial centres, of the work, we are able to extend to our clients special facilities for domestle and foreign banking and exchanges.

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

and

SHOU I. CHEN,

Manager. Hong Kong, 6th March, 1931,

Dombey

Осреднов Edinburgh

BRANCHES-

04000 Glasgow ilavas Hamburg

LAL

Marsellas Monte Carle Msal Musik MONTOKE

Scathample Singapore

Ba. Morise

Titeln

VIDA

Treize Tolo Larich

Branches of American Expre Company in Principal cities of Unk ed States of America and Canada.

All cinases of Commercial Bankfır : Transactions undertakez.

Porsonal investment Mocotanta handled.

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

LIMITED.

Established 1888.

Capital (fully paid-up) Yen 100,D50,00% Reserve Fund

.Yan 116,200,000

Head Offcs:-YOKOHAMA.

Bernchen and Agencies at:

Alexandria

Batavia

Berlin

Bembay

Calcutta

Canton

Changchun

Deren (Dalny)

Nagasaki Nagoya Newchwang

New York

Gaska Paris

Peiping

Rangoon Fongtion (Mukdean) Rio de Janeiro

Fat Francisco Ban Seattle Semarang

Hankow Harbin

Hoar Koar Honolulu Kat Yoen Karachi

London

Los Angeles

Shangha

Singapore

Bosrabaya Bydney

Tiantain Tokyo Tsingtan Intepat allowed on Current As-

Manlia

Deppeits zsocived for fixed perioda est rates to-be obtained on application.

H.MORI,

Managut. Hang Kong, Lith September, 2011

tomers the services of the Branches Communists, and

The very

ful force working in this direction. be found in many provincial towns, dealer and valuer, said he believed the non-Com-

Quantity Output.

At first it catered almost exclusive- that the two boxes were made by of the International Banking Corporn-munist specialists should be for.

Arm in Paris which copied tion in San Francisco and Spain and gotten in a common effort to push During the first years of the plan ly for foreign tourists and perman» A also of The National City Bank of

attention was concentrated pri- ent residents in the country, be- antiques. They were worth £8 or New York (France), BA in Paris industrial development forward.

A second sign of changing times marily upon industrial construc. cause private Russian citizens are £4. and Nico.

F. McD. COURTNEY, in that life is becoming distnctly tion and quantity output. But as not supposed to possess foreign cur, Mr. Zeitlyn, for Mr. Koekoek, Manager. easier for the comparatively smal! | some of the new big enterprises reney. With the present food- asked Mr. Simmons if there was not Hong Kong, June 16, 1981.

class of Soviet citizens whose ware completed and began to transference arrangement, however, always a good deal of difference pockets are well filled with roubles. operate questions of efficiency of its scope will be considerably, between china experts, and whether A year ago the application of a card management and quality of produc. broadened.

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

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Canted Bank in Formon. Bank-Notes Langað Ávorige smesni .......Xem. 45,000,01% BRAKCHES AND ADENOLES,

The Company offere to intendier Travellers the ass of its "Travel JAPAN-Tokyo Inkomens, Hobs, Oaks.

FORMOSA:Liam, Lagi, Karncho, Cheques" and Letters of Credit az, Kakong, Halo, Bhineks, Taichs, lataan

Takao," "Tammii, Town, Hello, Pain

Foochew, CHINA 1-Ghaeghal, Hankow, Amoy.

Buslow, Canion, UTHERS $—És Kong, Bagagora,

Hamarang, Bay, Bombay, Loudon, Xw York, Dairea.

LONDON BANKZEJ,

of ka thoroughly equipped, Travel Bi- partment.

Afiliated with

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

E. W. DUGGAN

Managu.

Borsbay

Calouste

The London County Westminste und Parr's Bask The Bank has Correspondante ta all the pelnog tot Comcial stews throughout the world.

K. MAGURA

HONG KONG BRANCE:

3. Der Vany Bond Denteni. Hong Kong, 19th January, 2015.

Manage

THE BANK OF EAST ASIA, LTD.

素

Established 1918. -

HEAD OFFICE:

10, Des Voux Road, Central. HONG KONG

Capital and Surplus theprata.......... over HL$ 8,000,000.00 Total Resources .....................* .................. over II.$80,000,000.00 Every description of Banking and Exchange business transacfod.

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

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

KAN TONG PO,

Chilef Manager.

30.00

OVER

$1475

Heps

M

#:

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

TWENTY NEPREKENTATIVE STOCK)

Better prices were in evidence on the Shanghai Stock Exchange Tues- day as the, result of news on the League of Nations session dealing with the Japanese occupation of Manchuria. Although there is no assurance that the matter will bo settled immediately, traders felt better about the situation and this was reflected in the market.

The action of Trams was the most impressive for buyers ran the

1931

JULY

Anconut Ontata Framt Črmat.

conditions become more

he knew of the Schrager v. Denton antiques case, in which there were six expert witnesses on each side. Mr. Simmons said that he was present at the hearing of the case. Judge Turner: My experience is that you can always find one expert against another if you pay.

Mr. Simmons: I quite agres with that.

Judge Turnor said that for the purpose of the case he must decide that the boxes were not genuine antiques. There was an honest mistake, and fraud was not alleged. He believed that £20 was the price at which the boxes were finally sold.

His Honour gave judgment for Mr. Koskoek for £80, including the £50 paid into court, and costs on Scale C, the two Mennery boxes to be returned to plaintiff..

4,700,000 BACHELORS IN FRANCE

| One-Third Of Adult Male Population Unmarried.

issue up to 80.80 when last business toreat naturally centres in shares.

There are 4,700,000 bachelors on the previous day was 30. Cot The low prices to which a number ton shares were also firm and roof standard issues have fallen in France out of a total of covered some of their recent losses. makes the market attractive at 18,000,000 adult males, according A concerted advance did not de- those levels and a good deal of to official statistics quoted by velop, however, and market fol- buying has been held in suspense Reuter's Nice correspondent.

Out of every 100 married lowers are still uneasy and hesitant until

couples there are:-

23 without children; 25 with only one child; 22 with two children. Families with at least seven children form less then 3 per cent. of the total

to do business,

settled... The sudden drop in silver prices The statistical record of the attracted a good deal of attention A.O.F.C. Average follows:— and no doubt fafluenced the stock.

January 6 24.10 market. Rising exchange had the High for year September 19 28.66 effect of making stocks weaker, and Recent low point November 10 28.77 with exchange falling a larger in [{

November 17 24.12