THURSDAY, DECEMBER 3, 1931,
BUSINESS DIRECTORY
ATTRACTIVE TAILORING.
The Latest In
Gentlemen's Outfitting AT PRICES TO SUIT ANY PURSE
PERFECT FIT
AND
RELIABLE SUITINGS.
WING HING CO.
Genilemen's Outfitters
61, Queen's Rd. C. Tel. 21417.
Very Nice Woollen Materials
For.
·Making Ladicn* DRESSES
&
OVERCOATS
Also
FURS &
SILK HOSIERY Expert Tailoring Department. LEE MOW
Chinese Silk Hosiery, Store
No. 1, D'Aguilar Street
DENTISTS.
HARRY FONG, Dentist,
1st floor, No, 74, Queen's Road
Central. Tel. 21256.
TANG YUK, Dentist.
Successors to
the Inte SIEN TING, 14. D'Agullar Street.
TERMS VERY MODERATE Consultation Free.
ENGINEERS & SHIPBUILDERS.
W. S. BAILEY & CO., LTD.,
Kowloon Bay. Now Work & Repairs. Call Flaż "L" Sole Agents for Kelvin Motors.
FRUITS.
Now in season
CALIFORNIA PEARMAIN APPLES Just Arrived $9.00 per box. This is the most famous apple in the Orient. Quality: Crisp, julcy,
and sweet
highly aromatic. Excellent keeping quality. Try a
box.
WING COFFEE CO.
Tel. 25869 139, Des Voeux Road, C.
DRAWN-THREAD WORK AND EMBROIDERY
Make Worthy
Your Buying!
BIG SELECTION OF
BEAUTIFUL LINEN NAPERY
SILK COATS & PYJAMAS, BELOW COST
OH
CHRISTMAS SALE
at
FOOK WENG & CO.
(One Price Store)
CHINA BUILDINGS..
· PHOTO - SUPPLIES
Kodaks and Cameras.
Films, Plates and Papers, etc. Developing, Printing and Enlarging.
·ZIESS and· BUSCH FIELD GLASSES
Price Moderate.
A Trial Order is Bolicited
A. SEK & CO.
Tel No. 28459. 20Á, Des Voeux Road, G.
LITERATURE.
BOOKS for All
Bibles, Pocket Testaments, Prayer Books and Statlenery. 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.
HAIR DRESSERS.
LEE YEE,
Ladies' and Gentlemen's Hair Dressers & Booksellers. No. 12, D'Aguilar Street. (opposite Queen's Theatre).
LIANG YOU LADIES & GENTS' HAIRDRESSERS.
Also
THE CHINA MAIL.
and
Commerce
Finance
CALAMITOUS FALL IN How, then, is the price to be rais
PRICE.
Purely Artificial
Origin.
ed and, if possible, stabilised?
I
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Kakhaetoni Onplin)
Grant and Fally Paliny womenan 989,100,000 KACHTO Žužda
Marking - d 1,000,000 MÖTE
$10,000,000
MEAN WETION, HONG KONG,
believe it could be done, as a pure dure Labälte al Frepristone *** £10,000,000 ly commercial proposition, by the producers getting together and agreeing among themselves on n a minimum quota of export and
price. One condition, however,
BOARD OF BIRNÓTORE:
KA Mr. O. 03. 1. Kselfa. Chairman
Hon. Mr. J. X. Peternel. Deputy Chairwea.
would be essential. The Govern- 19, No. 1X, Bali, T. 2 Jones, Ban aient of India would have to under-1. 2. Campión, Reg. 3. A. Plummer, Zig. Law Lewis, Big T. H. 1. thay, En.
take to sell none of its currency reserve below the agreed minimum. By Rt. Hon. L. S. Amery, M.P.J
This would carry things a long The terrible economic crisis from
But if we are considering way. which the whole world is suffering the matter, not merely from the to-day is, in the main, a monetary point of view of reversing the dis-
Its direct crisis.
cause is the
astrous fall of, the last two years, of gold as progressive shortage compared with the world's needs but as a contribution to the world economic crisis, we must go fur- for currency. That storage has
ther. been due, in part, to the actual in- sufficiency of the world's new gold production to keep up with the total increase of production. its last acute phase it has mainly
the currency system of the gold arisen from the locking up of
world to standard
expand its of the nearly three-quarters
shrinking supply of gold. world's gold supply in two con That need not involve bimetal- tries, France and
United
In the lism
sensc 'States.
of 'the' word.
would be It
Banks were authorised to keep a quite enough if the leading Central
the
In
The advantage gained by a mere increase in the commodity price of allver would be greatly enhanced if silver could be introduced into
ordinary
AMOT
BANGKOK BATAVIA BOMBAY
7
BALOUTTA
SANTON
SXMFOO COLOMBO
DALENN #OOCHOW MAXEZONE KAMBURG HANKOT KARNIN
7. X. Micron, Bos. Chief Menager.
LANGRE ed
LONDON
GIORE Miticol
MANILA
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.
Pald-up Capital Reservo Fond
£8,000,000 £4,000,000
Roaerre Liability of Pro-
priators
..$3,000,000
Agepeles and Branchoat
ALOR STAR
AMBITRAR
BANGKOK BATAVIA DOMBAY DALOUITA CANTON
GAWN PORS QEDU
COLOMBO-
DIREN DELHI
HAIPHONG HAMBURG
GANKOW
HAMBIN
FOR
КООБИКА
MADRAS
·
MANILA
MEDAN
NEW YORK
PKPING (Ting)
PENAND FLANGDON
BAIGON
SEMARANG SEREMBAN
TAIPINO
11
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE: SINGAPORE. Hong Kong Branch: 13, Queen's Rd C. Authorised Capital Straits $20,000,000 Issued Capital
Paid-up Capital ...
Reserve Liabilitive
of Starcholdora
Surplus
ה
1 8,000,000
4,000,000
**
4,000,000
H
2.387,000
Branchos, Agencies and Correspon dente 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 Baussmann, PARIS.
Capital folly paid up Fra. 120,000,000 Reserves (81.12.1080) Fr. 116,569,454
SHANGHAI
SINGAPORE
SITIAWAN
дома коко
ROURABAYA·
MOILO
TIENIBIN
MUAR (7)
KARAOKE
TOKYO
KLANG
TONGKAH (Bkukood)
MUID-MM
гол
TEINOZAO
XEW YORK
KUALA KANGSA
YOKOHAMA
General
Hanol
PRIZIJO FENAKO BANGOON BAIGON
KAN ZHANGISOL
SHANGHA
SINGAPORE
KONDEXW помо
SQUSARATA.. SUNGHI PATANI
1701
TOHOR
TOKYO
COBR KOWLOƉI KUALA LUMPUR
TECHUTAO TOKOHAMA
Decoens Asteazky opened in Loanl Cuervier nd Fized Depaalin epostrad fər elə zur N skocise perioda in Loon. Currency and Swek
farm which will be guziek en oppilaites.
The consequent disastrous rise in the price of gold as compared with goods has been aggravated by a no less disastrous fall in the percentage, say, 15 per cent, of price of silver over the last three their metallic currency reserve in Įsilver at the market price, Action years, a fall of from 26₫ an ounce
Jon these lines would afford, I be- Fadenary, 1985. ito about 13d an ounce. That the
value of the only medium of. pur immediately effective remedy to lieve, by far the quickest and most
lehase of the 400 million in-
the whole world crisis. habitants of China and of the ac- Jeumulated savings of the 350 mil-
The permanent remedy of a
MR. ST. QUEN. lion inhabitants of India has been situation which if left unremedied
PERMANENT WAVING introductory Price $20.
King's Theatre Bldg.,
Ground Floor,
Tel. 20315.
ON LOK HAIR DRESSING SALOON FOR LADIES' & GENTLEMEN Is fitted with the latest devicea for
in hair Expert Barbers, CLEAN & COMFORTABLE 10. Wyndham Street, 1st Floor. Entrance On Lan St. Tel, 22317:
Use
OPTICIANS.
dressing.
THE HONG KONG OPTICAL COMPANY,
'Phone 22232,
53, Queen's Road Central.
SHOES.
Pair
Shoes from $6.00.
halved has inevitably affected the rest of the world.
Cour
Market Impoverishment.
may
an
AUSTIN REED INTERIM.
HONG KONG SAVINGS BANK,
The Burime of the above Bank is stur by the HONG KONG AND SHANGHAI BANKING CORPORATION. Bales may be
dard en application. YO THE LONGZONG AND CHANGHAT
V. M. GRAYBURN,
Chid Manager. Hong Kong. Dik July, 1800.
THE BANK OF CANTON, LTD. Established 1917.
Head Ofce-Hong Kang.
Anskurtsod Capital (3.X Carroney) $11,005,100 Paid Up Capind NING METH
BRANCHES ——
civilisation destroy. our should, in my opinion, also include ANKING CORPORATION some definite incorporation of silver with gold, at a fixed ratio, in It has added to the difficulties of the world's metallic exchange.
14 manufacturers by the im- medium and
element in poverishment of two markets. al-world currency-Financial Times. ready among the most important in 'the world and of immense capacity for absorbing overproduction clae- where if only they were allowed to expand instead of being artificially
An interim statement issued by contracted. It has helped to force Austin Reed, the well-known men's down raw material prices yet fur-outfitters, with a dozen branches ther by what is in effect involun in London and another eight
The indirect reac-leading provincial centres, should Mary dumping.
tions of this situation in agrarian prove reassuring to shareholders. discontent, sedition und boycott Inwhile both turnover and profits India and in civil war in China have felt some of the consequences have etruck a further heavy blow of general trade Inactivity, the at the prosperity of the world as fall in prices, and the unfavour- a whole and of this country and able weather, the dividends recom- of Lancashire in particular. It
mended for the past hall-year are is, I believe,. no exaggeration to say stated to have been well covered that until the price of silver is reby the surplus earned during the stored there is no chance of the period. ¡solution of the Indian politien- crisis or of the establishment of
in
;
course,
Preference shareholders, of
customary receive their
Ordinary
8,306,100 ~<~ 1,190,800
Deal ghal, Hazkow, Bengkok, New York and Wax Frassland.
DORRESPONDENTE.
LONDON BANKIR” (—
The Lloyd's Back, Limited.
In all placipal cities of the World. Zweiga vzrbange and making besimene of vary Emerbyilon transacted.
Safe Deposit Boxes Fracions, aisns) sa's yourły
from $3 to $49.
LOOK FOONG SHAN,
Chief Manager.
THE BANK OF CHINA,
行銀國中
KUALA LUMPITS ZAMBOANGA
and
Foreign Exchange Banking business transacted
Current Accounts opened and Fix- ed Deposits received for one year or
shorter periods at rates be quoted on application.
which will
J. STUART,
Manager,
Hong Kong, 17th August, 1981.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
NETHERLANDS TRADING SOCIETY)
DANKENS,
Established 1890,
1 Kong Offlon:11, Queen's Road Contest. Authorised Capital Buildera 106,000,000. (£12,500,000.) Full-Up Capital ......... Cildor 80,000,000
(08,640,178.) Terra Food Guilders 10,015,000. Head OMAMSTERDAM”, Eastern Head OŒcs :-BATAVIA. Franchenjorresin, Basdong", Bamboy, Calnutia. Choribon, Djember, Djok jabari, The Hague', diddah, Xobe, idskassar. Modara. Palembang, Feix- lorgan, Penang. Rangoon, Rotterdam. Semarang, Shanghai, Singapore, Soora Eis, Boorakaria (Holo). Tegal. Tillatjan and Weltevreden”.
Then cos hare Balo Deposit Boxes lo Let
LONDON BANKERS :-- NATIONAL FROVINCIAL BANK LTD. Correspondents all over the world. Banking Ituni Den of every description transsted.
A. STOHEJNE,
Hong Kong, 1st December, 1931.
THE
Manager
AMERICAN EXPRESS COMPANY, INC.
Head Office: 65, Broadway, New York
Reorganised October 28, 1928, under
Capital Sarplus
Besartes
INTERNATIONAL EXCHANGH
BANK.
Subscribed Capital....$26,000,000.00 Paid-Up Capital .......$24,710,200.00
ve Fazda
HEAD OFFICE: SHANGHAL
U.S.$6,000,000 ‚U.8.$1,572,454 U.S.$1,008,209
BRANCHES:-
Kaples Pla Pari Рокада Fering Prisco
Botterdam
Alwery
Esile
Blagon Патада Hamburg
Darlin
...$ 8,820,508.B$
Brita
Bombay
Broses
Harzo Interiskes Jarmalam Láda
Lendon
Bose
Eunos Aires
Lávarpool
Humban
Loerse
Bbangkai
Ou
Lugano
Bonskatep
ÜLK
LOSOF
Bugspors
Calam
Marvellise
St. Morita
Constantinapla
Monte Carls
Tiesiain
Copak
Elsburgh Flores
realan
Caneta
Yahoos Zurich
HONG KONG BRANCH:
4, Queen's Road Centra).
an efficient Government in China. fixed dividend of 8 pc. p.a., but pecial char.er of The National Gov.
What has caused this calamitous holders of the
capital rament as as fall in the price of silver? The have to submit to a reduction in answer is misguided Government their rate of distribution from 12 action. The fall in silver has to 10 pc. p.a., this decrease being Black or Brown been purely artificial.
Since the decided upon in view of the con- Black of Brown war the production of silver from tinued uncertainty in trading con- Boots from $8.00. the mines has never equalled the ditions. For the year to February demand, In fact, over the whole 20, 1930, they received 16 nc. The period 1920 to 1930 the demand Preference shares are quoted at has exceeded the commercial
21s 3d, and yield 71⁄2 pc. on the supply by some $28,000,000 basis of the fixed 8 pc. 'dividend, Founces. But over tant
same while the Ordinaries stand at 428
Owing to our numeroas branches in period Government have dumped. Their value as an investment China and large connections in the im-
403,000,000
must depend on the final dividend portant commercial centres
world, we are able to extend to our to be declared six months hence.
allents special facilities for domestic and foreign banking and exchanges.
We also handle the fame of Bonds 138 Government both at home and
broad.
SHOU J. CHEN,
Hong Kong, 5th March, 1081.
Children's Books or Shoes from $2.00. Bent styles, most complete stock of all sizes. Repairing a speciality WONG SIU WOON 21, Poltinger St. Phone 21474.
SPORTING GOODS,
ATHLETIC GOODS
AT
ed
some
ounces
of the
والصدقة
Munloh
KDELEN
Vianne
Milan Branches of American Express Company in Principal cities of Unit- ed States of America and Canada.
All elmsson of Commercial Banking
Transactions undertaken.
Personal
investment
accounts
on the market. partly, like the British Government, as a result of debasing their silver coinage, but even more, like the ENGINEERING RATIONALISATION .nd other Public Funds of the Chin Indian and French Indo-Chinese Governments, in pursuance of the
Agricultural and General En-1 policy of selling their silver cur-gineers, Ltd., the company which rency reserves in order to acquire controls a dozen or so firms engaged gold and get on to a gold standard. In the engineering and machtery It is the sale of 200,000,000 ounces Industries, announces that na from since 1927, chiefly by the two Gov-January 1 next the manufacture of THE YOKOHAMA SPECIE BANK, in addition, the world-wide services ernments last mentioned, which
the products of Barford and Per-
THE LIANG YOU CO. has been the main cause of the re-kins, Ltd., of Peterborough, which
R
70, Queen's Road Central.
include motor-rollers and dairy ma-
cent break in price.
Remonetisation Not Costly, chinery, will be carried on at
LIMITED.
Established 1880,
Manager.
Head Office:-YOKOHAMA,
Branches and Agencies at:
Nagasaki Nagoya
The facts and figures just given Rochester in conjunction with those Japital (fully paid-up) Yen 100,000,000 conclusively prove one thing of Aveling and Forter, Ltd., who Beserve Fund ........Yen 118,200,000 the restoration of the price of produced the first steam road-roller' silver is not a difficult task, nor one lover eighty years ago. The home Involving enormous sums of money, and export sales of the two com I notice that in a very carefully panies have been conducted togetherį balanced article. in the current for some years through Aveling Alexandria "Economic Journal" Mr. J. H. and Barford and Perkins (Sales), Barlin Kirk estimates that an expenditure Ltd., a joint subsidiary, but the Bombay of some £12,000,000 buying association in manufacture will
Jalcutta silver would be enough to send the make the Rochester works tho Can prico back to 30d an ounce. At largeet plant in the world for pro-
Changchun Dairon (Dalny)
Rangoon that rate it would pay Lancashire | ducing road-rollers.
Fenstion (Mukden) Rio de Janeiro Hamburg
TYPEWRITER DEALERS
C
L
E
A
N
I
N
handsomely to do the whole busi-
G.
ness out of her own pocket and say no more about it.
HOP SING & CO.
Tel. 21420 28, Pottinger 8t. CANTON-116, Sun Kee Bal Rd.
on
RELIABLE PRINTING duction of the world is
1% no order:
too smalk
THE. NEWSPAPER 'SNETKAPRIBE LTD, TRIMA MAIL $200. BA WYNDHAR ST.
But, say the critics, will not the higher price bring enormous quantities of new silver into 'pro- duction? The answer is, firstly, that 75 per cent, of the silver pro- a by- product in the winning of lead, While a good zinc, copper, etc., aftver price to some extent cheapens the-production of these metals, its effect upon increasing the total produced is inappreciable.
BIG
BILL TILDEN
COMING TO HONG KONG
Batavia
ton
Jankow Harbin
Hoar Kont donolala
Kal Sarachi
Youn
Kobe London
Los Angeles
Newchwang
New York Osaka
Ban Francisco
BAR Beattle
Beattla
Semarang
Shanghai shimono ald
Singapore Восгиовул
ntain
+
Tokyo Tsingtau Interest allowed on Current As- soun
Deposits received for fixed periode st rates to be obtained on application/
1. MORL
Manager. Hong Kong, 11th September, 1931.
handled
The Company offer to intending Travellers the use of its "Travelers Cheques and Lotters of Credit and,
of its thoroughly equipped, Travel Do- partment.
Affiliated with'
THE CHASE NATIONAL BANK Resources ..Over G$2,500,000,000
E. W. DUGGAN,
Manager.
BRANCHES:
Saigon Canton Haiphong
Gunthe
Indo-Chins,
Chius.
Other 'Places.
Bangkok
• Fort-Bayard
Battambang Hankeou
Djibouti
Hongkong
Noumea
Mongtze
Peping
Papeete
Shanghai
Pondicherry
Tientsin
Thanh Hoa Hae Nam-Dink Phom Penh Quinhon Tourano Vinh
Yunnanfou Singapore
Every description of Banking and Exchange Business transacted.
Interest allowed on Current Accounts and Fixed Deposita according to ar- rangements.
Safe Deposit Boxes to lot. Travellers' choques issued.
A. BONNAUD,
Manager.
5, Queen's Road Central, French Bank Building. Hong Kong, 1st November, 1981,
THE NATIONAL CITY BANK
·OF NEW YORK.
HEAD OFFICE: 55, Wall Street, Now York.
Capital, Surplus and
Undivided Profita..U.S.$228,087,591
Branches in Jan
ARGENTINE
BELGIUM BRAZIL CHILE
CHINA
COLOMBIA CUBA DOMINICAN
REPUBLIC
INDIA
ITALY JAPAN
LONDON
MEXICO
PANAMA PERU PHILIPPINE
ISLANDS PORTO RICO STRAITS
SETTLEMENTS URUGUAY VENEZUELA
Commercial and Travellers' Letters of Credit, Travellers Cheques, Bille of Exchange and Cable Transfers bought and sold. Current accounta and Savings Bank accounts opened and Fixed Deposits in local and for eign currencies taken at rates that may be ascertained on application to the Bank.
le to offer our One-
We are also tomers the services of the Branches of the International Banking Corpora- tion in San Francisco and Spain and also of The National City Bank of New York (France), 9.4, in Paris and Nice.
F. MED. COURTNEY,
Manager, Hong Kong, June 16, 1981.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO,)
HEAD OFFICE:--Taipeh, Formosa,
Incorporated by Special Imperial Charter, 1899.
'Central Bank in Formowa, Bank-Motas rassed Average amount ...Jan. 41,100,200. BRANCHES AND AGENCIES, JAPAN :—Tokyo, Zokohama, Kobe, Dika ГОДМОВА С
Making any Bluncklin, Zalcko, Takan, Tament, Toan, Halic, Tulio, QITINA ---Skaughai, Hankow, Amor, Foochow
Bwator, Canion,
OTINES 1-Xang Kang, Blagoons,
Semarang, Balara Hobay. London, New York, Dairwa
LONDON BANKERS 1
Celoal
The London County Westminster and Parr's Bank,
The Bank Ass Correspondants in all the prisoljal Commercial Ostens throughout the world.
L. NAGURA.
HONG KONG. ERANON :
Do You Bond Cantrasis Hong Kong, Tha Tamsary, 1938.
THE BANK OF EAST ASIA,
Established 1918. -
HEAD OFFICE:
10, Des Voeux Road, Central. HONG KONG.
Malaguti
LTD.
Capital and Surplus
.............................. over H.$ 8,000,000.00 Total Resources ................... over II.$80,000,000.00 Every description of Banking and Exchange business transacted.
Current and Fixed Deposit Accounts fa local and for- eign currencies opened for clients.
Savings Account and Safe Deposit Boxes. Branches and Agencies all over the world.
KAN TONG PO,
Chief Manager.
No comments yet.
Private notes are available after approval.