1932-01-06 — Page 2

*

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorlund Capital ........... $50,000,000 ued and Fully Palun.......... 50,000,000 Basra Funda

Eberling

Blitar

£5,500,000 $10.000.000

Basares Liability of Proprietors.... $20,000,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS—

fan. Mr. . d. S. Hackle. Chairman.

Hon. Mr. J. J. Paterson. Deputy Chairman.

W. I. Bell, Zeq.

11. Copion, E.

G. Miskia, Eng.

T. E. Pearce, Esq.

ΑΚΟΥ

BANGKOK

. . Plummer, Esq.

T. II. R. Bhaw. Esq.

J. P. Water, Esq.

Ciblat Munch. :

V. M. Orayburn, Laq.

BRANCHES :-

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

THE

CHINA

MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

KRAD OFFICE:-SINGAPORE Hong Kong Branch; 13. Queen's Rd, 'C.

Authorised Capital Straits $20,000,000 Issued Capital.... Paid-up Capital

Reserve Liabilities

of Shareholders Surplus

8,000,000

-4,000,000

4,000,000

2,087,000

Branches, Agencies and Correspon-

HEAD OFFICE: LONDON.

か

Paid-up Capital

.29,000,000

Reserve Fund

£4,000,000

Reserve Liability of Pro-

prietors

dents in the principal cities of the world.

.£9,000,000

Agencies and Branches:

ALOB STAR

AMMITSAN

KUCHING

DANGKOK BATAVIA BOMBAT

CALCUTTA DANTON CAWNFORE CEDU

COLOMBO BATREN

DELHI

HAIPHONG

HAMBURG

HANKOW

HARRIN

1076 XONG

ITAILO

IPOH

MADRAS MANILA

MEDAN

NEW YORK

PEPING (Poking)

PENANO

RANGOON

BAIGON SEMARANG SEREMBAN

BHANGHAI

SINO PORE SITIAWAN HOURABATA TAIPING

LONDON

LYONS

BATAVIA I

MALACCA

BOMBAY

MANILA

TIENTSIN

ΤΟΚΙΟ

MUAR (Johor)

HARACHI

TONGKAH (3)

MUKDEN

KLANG

TRINGTAO

NEW YORK

кове

YORDHAMA

COLOMBO

PEIFIRO

YUALA KANGSAR

ZAMBOANDA

PENANG

CALCUTTA

CANTON

CHEFOO

BAREN

FOOCHOW ΧΑΙΡΕΤΟΝΟ

RANGDON

BAIGON

SAN FRANCISCO

БГАНСНАЯ

THAMBURG

HANKOW HARDIN FONOKEW

SOU LADYA

ILOILO

1POLI

JOKORE

KOBE

HOWLOON

XUALA LUMPUR

MINDAPORE

SUNORI PATANI

TIENTSIN

TORYD

THI HOTAO TOKOHAMA

Cherret Assunta opasnd la Local Currency sad Fland Deposits room for us your f harter period in Local Currency and Barlog on buena which will be quoted on application. Bong Boot. Desember 7, 1981.

HONG KONG SAVINGS BANK.

The Busines of the above Ilanit la conducted

by the ILONG KONG AND BIJANGKAI BANK. ING CORPORATION, Etim may be obtained an appliceven.

FOR THE BONGKONG AND SHANGHAI DANKING CORPORATION.

Y. M. GRAYBUIIN,

Flang Kang, Lich July, 1960. -

Chief anger.

THE BANK OF CANTÖN, LTD.

Established 1912

Head Office:Hong Kong.

Authorised Capital (M.K. Currency) ...$11,009,300

Paid-up Capital

8,000,000

Bases Fund ..................

2,100,000

BANCHES---

CableR

Shanghai, Laskow,

Swstaw,

Bangkok, New York and Han Francisco.

LONDON BANKENS :-

The Lloyd's Bak, miled.

COMBESPONDENTS

In all principal citine of the World

Pig Echange and banking buszam of

very,cription transoted.

Deposit Boxon (various sizes) no a yearly

restal el imam $5 to 10

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

一行一銀一國中

special charter of The National Gov-

'BANK.

Subscribed Capital .$25,000,000.00

Paid-Up Capital

www

Reorganised October 26; 1028, under

ernment at on

INTERNATIONAL EXCHANGE

Reserve Funds,

KUALA LUMPUR

Foreign Exchange and -General Banking business transacted.

Current Accounts opened and Fix

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

J. STUART,

Manager. Hong Kong, August 17, 1981.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIËTT)

BANKERS.

Established 1824.

Hong Kong Intl, Queen's Road Central.

Authorised Capital ....................... Gulidari 150,000,000- Pald-Up Capital

Cellders 30,300,000- Reserve Fund

Gulldaru 40,018,000.

Hand On AMSTERDAM”, Enniern Head Of808-BATAVIA,

Branches :-Drajeromal Dendoung*,

Bocabay.

Celesita, Choriben, Diambar, jakarta", The Hagua", "Jiddah, Kobe, Makamar, Medan,” Palembang, Paka longan, Panang, Rangoon, Rotterdam", Bandarang*, Shanghai, Singapore, Boere- bals, Roerakarta (Bolo). Tigai, Vil}«2}&p and Wellátrudia”.

• These coes kara Bale Deposit Boxse to Let.

LONDON DANKERS-

NATIONAL PROVINCIAL BANK LTD..

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager.

BANQUE DE L'INDOCHINE.

1

HEAD OFFICE:

96, Boulevard Haussmann,

PARIS,

IRONMASTERS' RESULTS.

WEDNESDAY, JANUARY 6, 1932.

constituents of that country. Ap- VICEROY OPENS BALLY

preciation of the currency would

obvious consequence. C and be the

Commerce

Finance

Dorman, Long, and Company.

But while no indication is given by the Bank authorities of their in- tentions, the impression received is that the Bank's influence is all in the direction of restricting credit, or at the very least recom

heard discussing a figure of $4.15 mending great caution in its ex-

to £1, or a higher figure in case pansion.

For several weeks the

BRIDGE

Nine-Span Road Across the River Hooghly.

NEW RAILWAY BRIDGE.

Calcutta, December 29. a protective tariff were imposed. Bank has earned the loud re- The nine-spanned bridge across Sir Josiah spoke personally and proaches of the "industry-must-be- the Hooghly river at Bally, which privately, and his figures were freed-from-the-shackles-of-finance" will carry two lines of railway and given less in advocacy of a pro- school for continuing to hold the two roads, was opened by the Vice- gramme than as a rough calcula- Bank rate at 6 per cent. Even in roy this morning. tion of what the future rate would the money market the various ad- The bridge, which has been probably be. High as his first vantages of a lower Bank rate are named the Willingdon bridge in Agure was, he put the probable being enumerated-savings in the honour of the Viceroy, coat £2,700,-. effect of tariffs at 5 per cent. of Budget on Treasury bills, posal-000. It offers a new outlet for Some time ago it was announc- further appreciation. Tariffs, it is bility of public and other conver- Calcutta's' trade with Bengal and ed that no dividend would be paid generally conceded by economiste,sion operations, stimulation of the other provinces, and especially for for the year ended September 30 are more of an impediment to im- Stock Exchange, while the view the coal felds perved by the East

ports than to exports, hence last on the £883,918 of 6 per cent. volume of bills presentable for is inconvertible the total of credit plan of road and railway develop the that so long as the paper currency Indian railway. With its allied Reserves (31.12.1930) Frs, 118,688,454 cumulative preference shares of payment in the country imposing must be carefully, even painfully, ment it will prove of vast im Dorman, Long & Co., the big Tees-the tariff would be diminished kept within, former limits is con-portance to the future of Calentia side firm of ironmasters and en-more than the volume of claims for aidered too theoretical for the at-as a port and railway centre. Indo-China. China. Other Placesgineers, with which

Bolekow, payments in foreign centres to the tention of men of affairs. Vaughan, and Co. were amalgam-; ated in 1929. The company's ac- counts for the year have since been issued, and they show the profit to have been only £80,445, or about one-twelfth of those for each of the two previous years. In those

Capital fully paid up .Frs. 120,000,000

BRANCHES:

Saigon

Canton Battambang

Bangkok Banthe Fort-Bayard Haiphong "Hankeou Djibouti Hanot

Noumea

Papeete

Pondicheri

Thanh-Hoa Hongkong

Mongtre Peping Shanghal Tientsin

Yunnanfon Singapore

Buc xinh Prom-Ponh Quinhoa Tourane Vinh

the years, morcover, directors were able to bring into the accounts very substantial sume

Every description of Banking and described as "provision for lia- Exchange Business transacted.

bilities to the Government, no longer requirad," and no such

Interest allowed on Current Accounts and Fixed Deposits according to sums were available for the year rangements.

Safe Deposit Boxes to lat. Travellers', cheques issued.

A. BONNAUD,

Manager

6, Queen's Roni 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.$220,037,303

Branches in:-

ARGENTINE

Compondents all over the world. Banking Busi BELGIUM Dow of ovary discription testmetad.

A. STOKLINE.

Masager.

Hong Kong, st December, 1881.

THE

་

BRAZIL

CHILE

CHINA

COLOMBIA

CUBA

DOMINICAN REPUBLIC INDIA

JAPAN

AMERICAN EXPRESS COMPANY. ITALY

INC.

Head Office:65, Broadway. New York.

Capital

Surplus

Reserves

متوفاة

LONDON

MEXICO

PANAMA PERU

PHILIPPINE

ISLANDS

STRAITS

SETTLEMENTS

PORTO RICO

URUGUAY VENEZUELA

HAM

219

(2016)

Reuter.

A.OF.C. Average of Shanghai Stocks *

Jasm

2340.

TWENTY SEPRESENTATIVE STOCKS

חיון

Tenes)

lasse)

just ended. Instead the directors have taken £242,641 from the re- serve, and thus, with £174,953 brought forward, they have £448,039, at their disposal. Of this amount £129,677 has to be set azide: to meet exchange losses on payments from Australla. in respect of the Sydney Harbour bridge. After payment of direc- tora fees and debenture interest, there remains £10,376 to be ear- ried forward. Expenditure оп capital account during the year is reported to have been £84,261, end, while no depreciation has been charged in the year's ac counts, all the plant in operation

Shares on the Shanghai Stock A.O.F.C Average registered a re- ning cautiously for the future. has been fully maintained. Three Exchange sagged down just before covery of 26 from the low of the From this point on, a general im- years' results are compared be- the Christmas holiday. The mar year established on the morning of provement is expected in the un- December 24, But irregularities settled situation, and the market ket was very quiet until just a few then set in, for certain shares be- may become progressively better.

The statistical record of the A.O.F.C. Average follows:

low:-

£

£

1830-1 1929-20 1028-0

2 hours before 12 o'clock Thursday came reactionary while others ex- Profit

30,446 394,106 391,400 when pre-holiday trading ended tended their galus. From tax fund 105,496 454,532 Some good buying that set in From reserve .242,841

at The organization of the govern- Brought top-

this time, took prices up well above ment at Nanking has relieved some ward.....:174.958 07,820 4,622 lows established early in the day. of the uncertainty that has existed. High for year: Available ....448.039 597,421 850,604

A firm tone developed on Monday But it is as yet difficult to appraise Low for year: Dab, interest .308,187 306,659 225,237 when business was resumed. The policies, and people are still plan- Deb. redemp

tion. Directors' feer 1,800

Commercial and Travellers' Letters of Credits, Travellers' Cheques, Bills of Exchange and Cable Transfers Loss -on -- --6x- bought and sold. Current accounts change.....129,877 and Savings Bank accounts opened and Fixed Deposits in local and for- Capital depre-

Pret

dividend

taken at rates that eign currencies

clation may be ascertained on application to off investments the Bank.

Off stocks

$3,603 40,403

2,000

2,000

51,200 81,083

320,000

70,000

44,000

20,000

We are also able to offer our Cu- For. bad debts tomers the services of the Branches Carried forward 10,375 174,953 97,820

of New York (France), S.A., in Paris and Nice.

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

BRANCHES-

-$24,710,200.00

Amsterdam Autworp

..$ 8,820,608.82

Barlo

Borla

Biarrila

Bombay

Bremon

Bruzarla

Bustos Alros

Cairo

Calou 130

Gozo @}x+gow Harmon Hamburg Harra Interlaken Jorovalam Lido London Liverpool Lucerta Lugano

Nior Nuplex Miracul Preis Foming

of the International Banking Cor- poration in San Francisco and Spain and also of The National City Bank

Poking

Palering

Rotterda

Корта

tamboul Bhanghai

Boulton

Cana

Singapore

Colombo

Rt. Hol

Constantinopin Monte Carlo

Tenais

Copelago Manha

Vinkda

Vanice

Yokohama Zurish

HEAD OFFICE: BHANGHAL

HONG KONG, BRANCH:

4, Queen's Road Central.

Owing to our frumerous 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 domestic

LASOT Marallise

Edatings Munich

Pioracoe JADATA

Montrour

Milen

and foreign banking and exchanges. Branches of American Express Com-

We also handle the issue of Bonds and other Public Funds of the Chin-pany in Principal cities of United ese Government both at home and States of America and Canada. abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1932.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

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

Head Oce:-YOKOHAMA.

Branches and Agencies at:

Batavia

Berlin

Bombay

Dairen (Dalny)

Nagasaki Nagoya Newchwang

New Tork

Osaka

Changchun

Peiping Rangoon San Francisco

Feigties (Mukden)- Rio de Janeiro

Farbin

F. McD. COURTNEY,

Manager.

Hong Kong, June 16, 1981.

PROTECTION AND THE POUND.

11

Mr. F. C. Goodenough, of Bar- clays Bank, is the only eminent banker who has publicly taken a

THE BANK OF TAIWAN, LTD. line about the future of sterling.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899,

He wants to see it put back to the sold gold parity. If others have the same ambition they are keeping quiet about it. They know how much opposition would be aroused

Central Bank la Farmona.

by any such suggestion and how -Back-Rotor Hauad Avarage amount ...Yra. 45,000.000 much more difficult, it would be

→DRANCHES AND AGENCIES

1

now than in the period before. 1925 All classes of Commercial Banking JAPAN-Toyko, Yoko Koba, Oka. Transactions undertaken.

FORMOSA :-Grea Xagi, Karooks, Keslong, Lo overcome it, writes the Manches-

Sakong, Nanto, Shinobike. Taichu, Talcanter Guardian's Financial Editor. Takao, Torosul, Toan, Halle, Tallo.. CHINA-Stanga, Haxhow, Ampy, Foochow Even more caatious in. express- OTHERS-Hoog Kos, Singapore, Soarabaya, ing any view are the authorities of Babiarang, Batavia, Bambay, London, New the Bank of England. One of its York, iren.

Personal handled.

investment accounts

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

E. W. DUGGAN,

Manager,

Hwalow, Canton.

LONDON BANKERS:

Barclays Bank, Zald.. Lloyds Bank, Ltd.. Milland Bank, Ind., Westminster Book, Lud.

The Bank has Correspondente in all the principal Commanda Contres shipsghout the world." K. NAGURA,

TONG KONG BRANCH:

3. Den Varus Diced Central. Bong King December 24, 1901,

Maneger.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10. Der Vooux Hiid, Central,

HONG KONG

Capital and Sarpla Total Resources

Every transseted.

#ver ELT 8,000,000.00 over) H.880,000,000.00 description of Babkiny and Exchange' business

Current and Fixed Deports, Accounts in local and for

amcles opened for clients:

Account and Safe Deposit Box**.

KAN TONG PO.

directors, Sir Josiah Stamp, in the first days after September 20, was

THE "MERCANTILE BANK OF INDIA; LTD...

HEAD OFFICE=

14. Gronchurch Hiset, Landan, E.G.8. Authorized Capital ..23,000,000 Subscribed Capital... 1,800,000- Paid-up Capital 1,050,000 Reserve Fund and Rest 1,606,846 BANKERS

The Book of England & Midland Bank.

BRAŃONES Ipolit

New York Penang

Port Louie

Bangkok

Kandy

Kole Bharp:

(Auction)

Dahi

Kusla Lipis

Shanghai

Kayla Lumpur

物

Badrabaja

BONG KONG BRANCH:

Baking $53. Exchange busi

SANDES

Sets Bustrated. At right. Oval Brazilian onyx Liftint pen and pencil set. Below Jet or. crystal glass, onyx or fralian marble angle Lifetime desk itt. Above Woman's brorus dancing figure Lifetime desk sen, jer glass basé, Brazilian ewys way.

These writing luxuries

Skaip

are lifelong economies

If

do not you

own a Sheaffer Lifetime fountain pen desk set, you're paying for it just the same. For these smooth writing pens in convenient re ceptacles save time, do better, faster work, make a little Skrip go far. The patented receptacles spring to the convenient writing angle, release: pena without grab or splutter, and keep the tips moist. And Sheaffer's Lifetime guarantee assures lifelong writing satisfaction. Select a set, write- you'll buy one for yourself or as a gift!»

VAt better stress difjahera" o

"All feladtatti piena, ses guaranteed agiinse defects, but Skicaffer's Liferită la guaranteed unconditionally for your Who Fountain pens and pencils of black, grand black an

SHEAFFER'S

THE SUN COMPANY LTD.

January 6 24.10 September 19-28,66 December 24 23.00 December 29 28.18

Edrasifs pha