1931-12-29 — Page 2

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised Capilet

Teund od Pally Prilep

Revere Fundı --

Berling........£6,000,800

Silver

10,000,000

..$50,000,000 20,000,000

Beer Liability of Propristors $20,000,000

HEAD OPPICE, HONG KONG.

BOARD OF DIRECTORS:-

Hon. Mr. C. Of. H. Stackle. Clisirman.

Hon. Mr. J. J. Paterson;

1. E. Penire, Fai

Deputy Chairman.

W. H. Dall, Eng.

A. H. Campion, Eq.

1. A. Flummer, Esq.

E. Jandra Lewin, Baq. T. 11, R. Shaw, Esq.

G. Mikia, kh

AMOT

BANORDE

BATAVIA

naмDAY

1. Warren, E44.

Chlef Manages.

V. M. Grayburn,, Fəq

BRANCHES-

LONIES

LYONS

MALACCA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853

HEAD OFFICE: LONDON.

THE HO HONG BANK, LTD.

(Established 1917.)

THE

CHINA MAIL.

Commerce

Finance

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

Authorised Capital Straits $20,000,000 Issued Capital

Lfabilitler

8,000,000

4,000,000

4,000,000

and

Bros.

TUESDAY, DECEMBER 29, 1931.

Ribbon Manufacturing COMPANY REPORT. Company of Canada..

2,087,000 CANADA & CANADIAN snow from the peaks and glaciers The

Paid-up Capital... Reserve

of Shareholders.

Burplus

11

Paid-up Capital

Reserve Fund ....

Reserve Liability of Pro-

prietora

£3,000,000 .£4,000,000

..£3,000,000

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

Agencies and Branches:

ALON STAR

ANHTSAL

KUCHING

BANOKOK

MADRAS

DATAVIA JOMBAY

CALCUTTA

DANTON

CAWNPONE

OKNU

COLOMKO DAIREN

DELHI

HAIPHONG

JANILA

MEDAN

NEW YORK

PEPINO (Poking)

PENANG

TLANDOON

HAIGON

HEMANAND SEREBBAN SHANGHAI. SINGFORE FITIAWAN

BANDUNG

HANNOW

HANDIN

SOURABAYA

HONG KONG

TAIFING

-110110

KARACHI

KLANG

+

TONGKAT (Blue) TSINGTAO YOKOHAMA ZAMBOANGA

CALCUTTA

DAMEN FOOXTOW

MANILA-

MUAT (Joe)

MUXPEN

NEW YORK

PEIPINO

PESARI

HOR

KONE

KUALA KANGSAR

TIENTSJN

TOKYO

CANTON

CHEFOO

CB

HAIPHONO

SEAMBUNG HANKOW KARNIN

HONGKEW

thote

troit

JOHORE

KODE

KOWLOON

KUALA LUM

BANGOON

BAIGON

NAN FRANCISCO

SHANGHAI

MINDATORE

SDURABYA

SUNGEL PATANI

..TIENTEIN

FOR YO

TSINGTAD YOKOHAMA

Current Amounts opened in oval Currency and Fird mile recelerd for anyone of korter periods In- Lord Currenty and Sterling on terina which will be quoted on application. Hong Kong, December 7, 1932,

HONG KONG SAVINGS BANK.

The Business of the above Jank le conducted

y the NONG KONG AND SHANGHAI HANK- ASO CORPORATION. Rules to be obtained on application.

FOR THE HOSAKOND AND MANCHAI BANKING CORPORATION,

V. R. HAYBURN,

KUALA LUMPUL

Foreign Exchange and Banking business transacted.

General

Current Accounts opened and Fix

ed Deposits received for one year or shorter periods at rates, which will be quote on application.

J. STUART

Manager,

frong Kong, August 17, 1981.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

DANKERS.

Established 1824.

Hàng Kong Offer :--11, Queen's Road Central.

Anhorised Capital Paid-up Capital

lasers Fund

Chief Mounger,

Hong Kong. 131 Taly. 50,

THE BANK OF CANTON, LTD.

Established 1912..

Head Ofce-Hong Kong.

Authorised Capital (I.K. Currency) .....15,000,000 Paid-Tip Capital

4,065,000 Reserve Fund, .......................

1,300,000

DRANCHER :-

anton, Hhanghai, Hanhow, Bwalow, Bangkok, New York and bau Francisco,

LONDON BANKERS:--

The Lloyd' Bank, Llimited.

CORRESPONDENTS

principal rities of the World.

Foreign Eachangs and banklopi ol

deartiption tracted.

Safe Deposit Boers (parlonɛ ulzea) at a yearly

slal of trama 5 10 $40.

LOOK POONG SHAN,

Gullders 180,000,000: Guilders 80,000,000. Quilder 40,016,000.

Head Office:-AMSTERDAM". Eastern Head Of BATAVIA, Baucher-Bandjormasin,

Bandonng", "Bombay. Caloutta, Choriboa, Djamber, Dak Jakarta The Lingus". Jiddab. Kobe, biskanaa Hedao, Palembang, Paka- langan. Penang, lengoon, Rotterdam", Remarang, Shanghal, Singaporn, Boers. bai, Bourakarta (Solo), Teghi, Tyinijap And Velloredan".

• These affeca kure Safe Deposit Borse to Lal.

LONDON BANKERS1—

NATIONAL PROVINCIAL BANK LTD. - Correspondents all over the world. Darking Bezel-

of every description traseusted,

• A. STOKKINE,

Hong Kong, at Dacomber, 1953,

THE

Manager.

Every defcription of Banking and Bxchange buaiters transacted.

TAN ENG HOOL

Manager.

BANQUE DE L'INDOCHINE.'

'HEAD'OFFICE:

96, Benlevard Haussmanni, PARIS.

·Capital fully paid up. Fr. 120,000,000 Roserves (31.12.1930) .Frs. 110,568,454

BRANCHES:

Indo-China. China, Other Places. Saigon

Canton Battambang

Bangkok Fort-Bayard Canthe Haiphong Hankeou

Djibouti Hanoi

Hongkong

Noumea Thanh-Hos

Mongtze Hus

Papeete Nam-Dinb Peping

Pondiclieri Tientsin Yunosatou Singapore Every description of Banking and Exchange Business transacted.

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

Prom-Peah Shanghal

Quinhon

Tourang

Vinh

Safe Deposit Boxes to let. Travellers' cheques issued.

DEVELOPMENT.

above

con.

Chinese Engineering &

Mining Company.

MEETING IN LONDON.

Railway's Good Year. The Temiskaming and Northern Ontario Railway is delivering to Premier George S. Henry a cheque for $850,000 as the annual tribution of the railway to the treasury of the Province of Ontário. The annual general meeting of cheque is on account of the shareholders of the Chinese together with the rain swell its earnings of the Qutario Govern Engineering & Mining Co., Ltd., volume to flood, proportions. Ameut-owned railway in the fiscal was held in London on December 22 when the Directors' report and careful study will be made by the year ended October 31.

statement of accounts for the year. Gold Output. company's engineers with a view

Gold production in Canada, dur ended June 30, 1981, was submitted. The following are excerpts from to determining the best method of a Canadian news letter recently developing the site, and particular ing the first eight months of the Extract from Directors' Report.

attontion will be given to the current year, mounted to 30.0 per The not result of the your'a received:—

amount of water, which would be cent.

the corresponding transaction shows a balance to the Refrigerators.

period of 1980, or, in actual amount credit of Profit and Loss Account of The manufacture of Westing-impounded by a dam. - Contracts.

the mines of the Dominion produced)

£47,042 made up as follows:- house Electrle refrigeratora in

The construction

contracts 1.722.667 ounces to August 31 is being carried out by Canada

ing Administration's. Canadian Westinghouse Company awarded in Canada during Octo against 1,319,466 ounces to the Proportion of Kailan Min-

a year ago.. August

Profits plus Interest in at Hamilton, Ontario, and will in-ber had an estimated value of same date

to amounted $28,789,200, according to the sum production alone

China volve approximately $250,000.

us compared with mary issued by MacLean Building 225,630 ounces Linoleum Manufacture,

Interest in Europe Agency Fees A new industry of British origin Reports, Ltd. For the same menth 223,734 ounces in July and 170,052 has started production.

The in- of 1930, MacLean's reported work ounces in August 1930..

to the value of

The official figures indicate n dustry is that of Barry and undertaken

About the same steadily upward trend in Canada'r Balance brought forward Staines Linoleum (Canada), Limit $33,332,100. ed, and a large new factory has amount of decrease is shown com-gold production and if the August pre-rate of output is maintained just been completed for the corry-pared with the immediately

opera ceding months when construction through to the close of the year, of manufacturing ¡ing on

were estimated at without further increase, it would tions. A factory site of 25 acres contracta

Rive the Dominion a total exceed Expenses in Europe

Directors' Fees has been secured at Farnham.

The output ing 2,625,000 ounces.

Exchange. Recovering, Gold.

for 1930 was 2,102,068 valued at $43,468,601.

Sundries

(Less Sundry items)

Deduct:-

£142,910

15,909

6,000

291

3,888,

168,992

£15,225

4,200

3,526

98,099

47,942

The Directors propose to transfer from Reserve Account

2,500

$33,658,400.

Power System. The Nova Scotia Power Commis An arrangement has been com-

ofasion placed its eighth hydro-alec-

For 1931 the output Income Tax pleted for the instruction metallurgical plant which will re-tric power system in commercial is easily indicated as likely to ex- Leaving a net balance of

October 80 when ceed $54,000,000 and may go, con- | cover gold values from tallings operation on

was formally delivered to siderably higher if the present up- resting in Kirkland lake. The ac power cumulated tailings from the gold the town of Antigonish, the main ward trend is maintained.

Regina's Water Supply. mines are stated to amount to customer for the now north shore

The city of Regina will con- 4,000,000 tons and It is intended system.

Pharmaceutical Manufacture. struct a pipe line from Mound Making a total of ....... £ 50,442 The A 5. Boyle Company, an Springs to the recently completed which they recommend should be American concern of Cincinnati, Albert reservoir, the new work be- appropriated as follows:- Gold Mined.

Ohlo, which manufactures pharing part of an extensive, scheme, Dividend of 2% per cent.

(free of Income Tax) .. £ 49,000 well underway, to of Lake maceuticals, cosmetics, floor wax which is now The annual report Manager. Shore Mines, Limited, recently is- and other products, proposes to augment the city's water supply. Balance Carried Forward

sted, shows for this important establish a factory at Windsor, The work, which is estimated to Canadian gold mining compány a Ontario, provided a fixed assess cost $420,000, has been authorized as a relief measure, the Dominion bullion output of $9,152,935 in the ment of $10,000 on the land and

building for a period of 10 years Government contributing a portion fiscal year ended June 30, 1931.

can be obtained,

of the cost, and it is expected to give employment to 1,000 men for a period of three months.

A. BONNAUD,

6, Queen's Road Central, French Bank Building, Hong Kong, 1st November, 1981.

THE NATIONAL CITY BANK

OF NEW YORK,

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits ..U.S.5226,087,392

Branches in

ARGENTINE BELGIUM

BRAZIL

CHILE

CHINA COLOMBIA

CUBA DOMINICAN REPUBLIC INDIA

AMERICAN EXPRESS COMPANY. ITALY

Chief Manager.

INC.

THE BANK OF CHINA. 行銀國中

Head Office: 65, Broadway. New York.

Reorganised October 26, 1928, under

Capital

special charter of The. National Gov.

Surplus

--ernment as an

Réserves

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital ...$25,000,000.00

Pald-Up Capital

.$24,710,200.00

Amsterdam Autwary

Reserve Funds

.$ 3,820,503,82

Albens Boale

Berlin

Martile

HEAD OFFICE: SHANGHAL *

TENTLY

Ikeres

Erl

HONG KONG BRANCH:

4, Queen's Rond Central.

Owing to our numerous branches in China and large connections in the important commercial centres of the world, we are able to extend to our clients special facilities for domostie 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 abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1931,

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880. Capital (fully paid-up). Yen 100,000,000

..Yen 116,200,000, Reserve Eund

Head Offer: YOKOHAMA. Branches and Agencles at:

Alexandria

Batoria Berlin

Bombay Calcutta

Carbop Shop

Dairen (Dalny)

Nagasaki

Nagoya Newchwang New-York

Osaka

Paris

Pulping Rangoon

Fengtlen (Mukden) Rio de Janeiro

Hamburg

Hankow Harbin

Kong

Monolulu

Kal-Yuen-

Karachi Kobe

London

Los Angeles

Manila

Francisco San Seattle Semarang Shanghai

Shimonosek

Singapore

Boorabaya

Bydney

Tientsin Tokyo

Tsingtan

Interest allowed on Current Ac- counte

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

IL. MORI, Hong Kong, 11th September, 1981

Manager.

.U.S.$0,000,000 U.S.$1,672,454 U.S.$1,008,200

BRANCHES

Ондив

Ulus pow Berana Marlung iform Interlaken Jarnelesa

Tandon

Fluchos res Literpost

Calio

Caloutta

Catnos

Sive

Septe

Jard

Tenang Pakis

'

Motherdara Home Samboul. Stunni Southampton

Launerta

Lugono

Juxer

Colabo

Startin

Constantinoply Maulo Carlo

Copenhagen

Mani

Singapore Moritz Tientsin Vianna Vexion Triobem Zurich

- Flomete UnoTa

Snidel Mout rega Milan "Branches of American Express Com pany in Principal cities of United' States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal Investment handled.

accounta

The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel Department.

E. W. DUGGAN,

Manager.

JAPAN

.

LONDON MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS..

to construct a plant which would treat 1,500 tons of the tailings daily.

Silk Manufacture. An American firm of silk manu- facturers, the M. E. Binz Company,

f

Traffic Subways. An important traffic artery in of Midland Park, New Jersey, the east part of Regina from Col-i

to the north city a factory lege avenue U.S.A., is establishlag at Montmagny, about 60 miles east limits, has been opened up by the of Montreal, according to the In-completion of two subways involv dustrial department of the Cana-ing expenditure of approximately dian National Railways.

ment

Columbia and India.

Calgary, Subway. The decision

of the Board

of

RONTO.

1,442

... £ 50,442

THE GOLDEN LEGEND.

Perhaps it will be nome comfort stfil nervous to people who are about "going off gold" to reflect that some very ominent business men have faced that possibility with

in great complacency the. past, writes 1 London There Is ↑

$500,000 on Winnipeg Street,

Hitherto a consistent dividend- paragraphist. under the tracks of the Canadian payer, Roncs is making no distribu- highly amusing correspondence be An interesting trade develop Pacific Railway and the Canadian tion on its Ordinary capital for the tween Harcourt, when Chancellor is now underway between National Railways respectively. year to June 80. Profits have fallen of the Exchequer, and H. Hucke British Columbia ports and East The subways are intimately rolat from £104,129 to £37,105, and the Gibbs (Lord Aldenham) on the sub to the extensive railway im board say that in view of the con- ject. Aldenham was a bimetalllet Indian points, which while small ed at present is hoped to provide an provements taking place in Regina. tinuation of adverse trade condi. and wrote a trenchant style. Hors PORTO RICO outlet of importance for Canadian The actual cost of the C.P.R. sub-tions since the end of the period, it is an extract:-

"Oh Lord, Lord." as Pepys would cash re- STRAITS

is necessary to conserve SETTLEMENTS Products in the near future. For way is estimated, at $250,000, and

sources. After meeting the Pre-say; to think of a man of your in- the past year the Silver-Java Paei-that of the C.N.R. at $106,000, both URUGUAY VENEZUELA fie Line, a Dutch-British undertak ngures exclusive of trackage ex-

ing, has maintained what is stat-tensions, cost of street railway and ference dividend, the forward ba-telligence echoing the newspaper lance is raised from £12,670 to rubbish about the prosperity of England resting upon its being a Commercial and Travellers' Lettered to be the only direct service | paving."

£28,954. of Credits, Travellers' Cheques, BIL

Apart from the contract depart-place where you could always get of Exchange and Cable Transfers between the Pacific Coast and In-

But there! It doesn't sign- bought and sold. Current accounts dia, Ceylon, the Straits Settle- and Savings Bank accounts opened ments and Dutch East Indies, and Railway Commissioners granting a ment, home trade has been fairly gold. and Fixed Deposits in local and for is slowly building up a new and permissive order to the city of well maintained, but stocktaking on ify. It's only a letter to mat

taken at ratos that! eign currencles

Calgary to proceed with a subway June 30 showed that considerable You know as well as I do that Eng mny be

ascertained on application to growing export market. Power Site.

on Fourth Street, which will pass lones had been sustained in the land was "the metropolis of the the Bank..

Survey work a proposed under Ninth Avenue, the Canadian seven Indian branches and the commerce of the world" In 1660 (a tomers the services of the Branches power site on the Athabaska river, Pacific Railway tracks and Tenth branches in Canada and Singapore. Monk Bald) when we had a silver of the International Banking Cor near Edson, Alberta, will be un- Avenue, brought the city one step This is the first time that the Singa-standard; that. It remained so in poration in San Francisco and Spain and also of The National City Bank dertaken by the Calgary Power nearer the inception of a project pore business has shown a loss. 1666 and onward when we had a of New York (France), S.A., in Paris Company this Autumn, according which has been urged for 26 The Spanish subsidiary has not yet bimetallic standard (barring that to G. A. Gehart, president of the years. The subway, when finish-produced any revenue, as produc- for a time Amsterdam, which had' the im-tion and sales only passed through a silver standard was the banking F. McD. COURTNEY,' Company, but no immediate deve- jed, will greatly improve

Manager.lopment at the point is contem-portant traffic artery leading from the initial stage, but the Italian centre); and that we retained our commenced supremacy even when we had an plated.

the business section to the south-subsidiary has

return to inconvertible paper currency, when The Athabaska is a large river,weat residential area of the city. manufacture.. With a

normal conditions in the world's you could never got gold. Can you Ribbon Manufacture, ' which has its source in the east- THE BANK OF TAIWAN, LTD. [ern slopes of the Rocky Mountains, Stark Bros. Ribbon Manufactur-trade, the board say, profits com-jnot find a cause for that supremacy

(TAIWAN GINKO.)

fully 125 miles upstream from the ing Corporation of New York will parable with those of the two pre-a little more flattering to your coun. in ceding years (for each of which a trymen? If not, perhaps you will The establish branch factory site under consideration. river reaches its maximum flow in Granby to be operated by a Cana 10 p.c. dividend was paid) may be try to find a reason why a world warm weather when the melting dian subsidiary called the Stark expected.

We are also able to offer our Cus

and Nice.

Hong Kong, June 16, 1931

HEAD OFFICE:-Taipeh, Formosa, Incorporated by Special Imperial Charter, 1899.

Central Bank in Porto. Bank-Notes lesed Average sinouat... 45,000,000 BRANCHES AND ADENCIES. JAPAN-Toyka, Yokohama, Kobe, Quake, FORMOSA :-Giren, Kai Karenko, Korlung, Makong, Nanto, flinchiku, Talchu, Tainan, Takao. Temeui. Toen, Hello, Tatto." CHINA-Sarria. Hankow, Arooj, Foochios,

Swatow, Canion.

Kong Kong iingapore, Seraliya, Somarang, Baturla, Belay, London. New York. Beiren,

LONDON BANKERS,

Barbays Bank, Ltd., Głos da Tunk, L., Xtland Bruk, fad, Westrahalom Bank, Ladi

Tha Dank se Correspondante in all the principat! Commerdal Cantren throughout the world, K. NAGURA,

Manager.

HONG KONG BRANCH:-

Do Virus Road Central. How Hong Beorteber 21, $u.

THE BANK OF EAST ASIA, LTD.

Established 1918

HEAD OFFICE:

10, Des Voeux Road, Central. HONG KONG.

Capital and Surplus Toini Resources .........................

over H$ 8,000,000.00 over 11.880,000,000.00 Every description of Banking and Exchange businsta transacted.

Current and Fixed Deposit Accounts in local and for- siga currencias opened for clients.

Savings Account and Safe Deposit Boxes. Branches and Agenates all over the World.

KAN TONG PO,

Chief Manager."

On

a

AO.F. C. Average of Shanghai Stocks

SWERTE KAPRUSOMTATIVI STOCKS

now

which used silver by preference should flock for their exchange operations to a country where they could always get a metal which they did not want and rarely used.

Be-All of Commerce.

He went on to denounce the "error" of taking the money market as representative of commerce. "It would be not unnatural if the Rothschilds. and the banking inter- est generally should look upon the money market and the dealing in billa of exchange and in foreign securities as the be-all and end-all" of commerce ... They don't In reality so look upon it... but their tendency is to do so and to affect the 'simple and unscientific mor- tale' with that vlow."

The simple and unscientific" will perhaps find a little solace for their present perplexities in this definite ly reassuring voice from the past.

SILVER BUSINESS.

The American Trade Commis eloner, Exchange Building; an- nounces that he has avallable for

'Just before Settlement Day, ese bond market was partially now that Settlement Day is the use of Interested parties the Tuesday of this week, shares in the cause of poor sentiment in past, "A number of important latest by-laws and rules of the market. There companies will be reporting for National Metal Exchange, Inc., the share the Shanghai market were designation of T. V. Soong, the the year, and the market should and the National Metal Clearing cidedly easy. Last minute-selling Minister of Finance, caused quite respond to the good, showing Association, Inc., of New York

JCity, for the purpose of balancing ac- an important group of financial many have made.

Information is now available in counts forced, prices down. The people to take a gloomy view of The statistical record of the

Hong Kong for individuals and A.O.FL.C. Average had dropped the future. It is expected, how-A.0.F.C. Average follows:

Jan. 6. 24:10 firms that might wish information to a new low for the year on ever, that this will wear off as an Saturday, but tapered off a bit influence on the share market. High for year Sept. 19 28.66 regarding rules and regulations. From indications, there is apt Low for year Dec. 21 28.46 pertaining to the transaction of more to 28.40 on Monday.

Dec. 21 28.46 silver business with New York The poor action of the Chin- to be an advance in share prices!