1932-01-11 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorised. Capital

$30,000,000

Januać and Fulis Pald-up sommige 30,000,000 Bacarya Venda ---

Berlingom. £ 1,100,000

$10,000.00

Becerre Liability of Proprietors ... $999,190,008 HEAD OFFICE: HONG KONG.

BOARD OF DIRECTÕES:-

Hon. Mr. G. G. G. Mackla. Chairman.

Hon. Mr. 2, J. Falsevon. Deputy Chairman.

W. H. Bell, Bay.

4. H. Compton, Eng.

ů, Kinkin, Mag,

T. E. Pearce, Rag.

AMDY

ВАНСКОК BATAYMA

BOMBAY

CALCUTTA CANTON

ONEPOO

COLONDO

DAIKAN FUOCHOW

HAIPHONG

KAMBURO HANKOW HARDIN HONGKEW

TLOITA

JOHORE

FRGET

XOBE

ZOWLOON

3. 4. Plus cher, E.

7. E. B. Sham, Eng.

J. 2. Warm, Baq.

Chiat Masayor.

V. M. Grayburn, Bog

BRANCHES |--

MUALA LUMPUR

LONDON

LYOYS

MALAQUA

MANILA

KUAR (Jobors)

M&KDEN

KEW YORK

PEITING

PENANG

RANGOON

BALOON

BAN PUANDISCO

SHANGHAT

SINGAPORE

BOURASYA

SUNDRI PATANI

TIENTSIN

TOKYO

THUNGTAD YOKOLLAMA

Carrack Accoate opened in Local Currency and Fizad Deposits received for ons geer_De charter perfoda in Local (Cazesney and Biellag Joe which will be quotes de syplication. Hong Kong, December 7, 1991,

HONG KONG SAVINGS BANK.

The Busines of the shovy Bank in conducted by the HONG KONG AND REA KORAI DANK- INO DORPORATION, Rules may be obisined"

application.

FOR THE HONOXONG AND BHANGITAI BANETXO COBPORATION,

V. M. GRAYBURN,

Chio! Manager.

Hong Load Hình đây, 1800,

THE BANK OF CANTON, LTD.

Established 1912.

Head Office-Hong Kong. Autborimod Capital (18.3L. Curieoey) ..-$11,000,000 Paid Up Capital

0.005,000 1,100,000

Hauser Fund

БВАКСДКА:-

Canton, Shanghai, Halow. Bwatow, Bangkok, New York and San Fran.

LONDON BANKERA 2500

The Lloyd's Bank. Limited. CORRESPONDENTE

In all principal cities of the World.

Foreign Exchange and banking bazinom of

sary domicilan tesosacted.

Bale Deposit Bazze {various slant) at a yearly

matad of from £5 10 40

LOOK FOONG SHAN,

Chlef Manager.

THE BANK OF CHINA.

行銀國中

special charter of The National Gov-

INTERNATIONAL EXCHANGE

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:—BINGAPORE. Hong Kong Branch: 18, Queen's Ed. C.

Authorized Capital Strafta $20,000,000 Issued Capital Paid-up Capital

Incorporated by Royal Charter, 1853, Reserve Liabilities

HEAD OFFICE: LONDON.

Pald-up Capital

Reserve Fund

Reserve Liability of

Pro-

prietors

ALOB STAD

of Shareholders. Surplus ***

8,000,000 4,000,000

4,000,00 2,887.000

Branches, Agencies and Correspon- £3,000,000 dents in the principal cities of the £4,000,000 work.

Every description of Banking and 23,000,000 | Exchange business transacted.

TAN ENG HOOI,

Agencies and Branches:

AMBITUAR

BANOIOK BATAVIA BOMBAT

CALCUTTA GASTON CAWNPOUR CEDU

COLOMBO

·HAMBURG

KUCHING

MADRAS

MANILA

MEDAJ

NEW YORK

FERINO (Peking!

PENAXO

HANDOON

VALGON SEMARANG KEREMIAN SHANDHAI SINGPORE HIPIAWAN SOURABAYA TAIPING

DAIREN

DELI

HAIPHONG

HANKOW

HARRIN

THÔNG CÔNG

Lorto

TIENTSIN TOKYO

KARACHI

TONGRAH (Phuket)

KLAND

TRINOTAO

YOKOHAMA

KUALA KANGSAR

ZAMBOANGA

KUALA LUMPUR

TPOR

KOJE

Foreign Exchange and General

Banking business transastod.

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, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(KETHERLANDS TRADING SOCIETI}

DANKERS.

Friablished 103.

Hong Kong Of:-11, Queen's Bond Central.

Authorised Capital Guilders 150,000,000- Fald-Up Capital ... Otáldaru 80,080,000- Reserve Food

Guides 40,018,000-

Hand -AMSTERDAN*. Baitern Head On :---BATAVIA, Brancase :-Bandjormasin, Dandong" Bombay,

Calou Charbon, Disaber, Djoh Jakut The Bagua", "Fiú dinh, Kobe Makassar Madea, Palembang, Paka logan Penang, Ragoon, Botterdam", Semarang, Bhanghai, Slagapore, Boere- bela, Berakarta (Solo), Tayal, Tjilating and Waltavročen",

• Those foes bare Safe Deposit Boxes to Let.

LONDON BANKERS

NATIONAL PROVINCIAL BANK LTD.

Correspondsats all over the world. Baking Beati Boss of prey descripllow transacted,

4. STOXXINK,

Hong Kong, 1st December, 1981.

THE

Manager.

AMERICAN EXPRESS COMPANY.

INC.

Dead Office: 65, Broadway, New York.

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

Manager

BANQUE DE L'INDOCHINE.

HEAD OFFICE:

96, Boulevard Haussmann, PARIS.

Capital folly paid up .Fr. 120,000,000 Reserves (31.12.1980) Fra. 116,568,454 BRANCHES:

Indo-China. Chian.. Other Places Saigon

Canton Battambang

Bangkok Fort-Bayard Bartho

Hankoop Djibouti Kongkang

Noumea Mongtze

Papeete Peping Shanghai

Pondicheri Tientsin Yunnanfon Singapore

Haiphong Hanoi

Thanh Hoa Bua

Nam Dinh

Phom-Peah Quinhon Tourana Vinh

Every description of Banking and Exchange Business transacted.

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

Safe Deposit Boxer to lat. Travellers' cheques issued.

A. BONNAUD,

Commerce and Finance

THE BANKS AND THE

PUBLIC

BANKING STRUCTURE SUBJECTED TO KEENEST SCRUTINY.

MONDAY, JANUARY 11, 1932.

"STOP MUDDLING MEN WHO “MADE”

THROUGH"

We Must Plan Ahead.

A CALL FOR ACTION.

worse."

to control

the

COUTT'S.

Family Ties Severed After 135 Years.

SOME STORIES.

The death of Sir George Marjori-

Sir Basil Blackatt, a director of the Bank of England and chairman banka has severed a family connec of Imperial Communications, Ltd,tion with Coutts Bank, of which he addressed Liverpool University was chairman, of 135 years. students at the inauguration of His grandfather became a part. a new building for social sciences ner in the bank in 1798, his father Lust year (1930), speaking from, claimed that, apart from a certain and administration.

In 1838, and he himself in 1877. this chair, I made a strong plea degrea, of criticism, to which all

"Does anyone seriously believe," For the last eight years he had for public economy, and protested) human effort is open, the banking he asked, "that we can continue to boen head of the bank.

system has emerged from that in-muddle through? Again and again against the growing expenditure of quiry practically unscathed; but when public opinion has become had an operation, and only once A few months ago Bir George the time, much of which seemed with all deference and respect to exasperated at its failure to get since was he seen at head offices of to be not only wasteful but demor- that committee, the banks have something done our distracted legis-the bank in the Strand. alising. I endeavoured to show the also received exoneration from an lators, with desperate unanimity, seriousness of the position, which, even

A few weeks ago he paid an un- more important tribunal have united to pass into law a com- expected visit, which was something as I pointed out, was even then namely, the people themselves, who promise which is not wanted by of an avent in the life of the ins tending to become a national emer have aurely given them a very strik anyone and merely makes things titution, because Sir George was gency. I am no seeker for honouring vote of confidence. That is not

held in the deepest regard by every as a prophet, but we have truly had surprising. The inhabitants of this

"We had not merely to make up member of the staff, and his re to face a great national emergency northern part of the kingdom do our minds that a new vision and a appearance, apparently restored to culminating in a financial and poli- not need to be reminded of Lord new method of approach was need-health, was the day's topic of con- tical crials, which has affected prac- Macaulay's dictum that "her schools ed tically the whole business world. and banks had transformed Scot-twentieth century England. We

In order to build up versation there.

Sir George did not go to the The banks have no politics, but on land," or of the pronouncement of a had

also to ret down to bank to resume his work as chair- the occasion of the recent election well-known authority to the effect it, think out, and plan out man, but because he wanted to see they found that the question of the that the banking system of Scot all the practical problems which everybody there again, and because asionalisation and public control and "has contributed more to the reconstruction involved, both our hekelt drawn to the place where of the whole banking system of the prosperity of our country than any freedora

and OUT well be his life's work had been performed. country, including the joint stock other class of institutions"-and ing were menaced by our banks, had become a plank in the I might perhaps add Sir Walter inability

Those who shook hands with him platform of one of the contending Scott's remark in his famous de-chine of modern life.

ma on that occasion did not suspect parties.

We must that they would never see him again. fence of the Scottish Bank note and we should reconcile orderly and So said Mr. Andrew Williamson. fasues written more than one hun-disciplined freedom with orderly

Pride In Tradition. Chairman of the Board of Directors dred years ago when, ander the and disciplined planning ahead

Sir George was a finely built man. of the English, Scottish and Aus-name of "Malachi Malagrowther," Since the war we had wasted much Every day before breakfast he tralian Bank Ld., on the occasion he said on behalf of the banks:ime waiting about for a return to might be seen taking a walk in of the Bank's annual general meet-"We are well, our pulse and com-what we chose to call normal, pre- Hyde Park. ing held recently.

His grandfather was plexion prove it; let those who are war conditions. The pre-war nor- a partner in the bank for 74 years, All this seems somewhat extra- sick take physic.'

mal was always an empty myth and and lived to the age of Be. ordinary to those connected with

Trade Revival.

at last we knew it.

Sir George had been a partner for the practical administration of the On the subject of the revival of

Overwhelmed by Betail.

54 years, and died at the age of 75. banks, who have been engaged with trade it is only possible aa yat to "In that reconstruction of our

He was the eldest surviving son much hard work and a good deal of speak in very general terms. We political machinery which is A of Mr. Edward anxiety in doing their best to ea- have secured the desired return of necessary part of national recon- Bushey, Hertfordshire, who was an Marjoribanks, of courage, develop, and sustain the confidence and that sense of securi-struction," Sir Basil continued, elder brother of Lord Tweedmouth. trade of the country over a series ty which are essential to all trading "special stress must be laid on set He went to Eton and Christ Church, of roost dificult years. They are enterprises. There is a new atting the Prime Minister in parti. Oxford, but left the University be- quite unconscious of any desire to mosphere. Abandonment of the cular, and the Cabinet and Parlia.fore taking his degree in order to dominate credit or industry or any Gold Standard, as is daily pointed ment, free to do their proper job of begin a banking career at the earlt- to look well after their depositors' upon our export trade, although them whole. To-day they are over- other interest. Their chief care is out, has had a stimulating effect seeing things steadily and seeing eat possible moment.

He was regarded as the ideal type money, which is drawn from all that has its limitations. In various whelmed by detail and by multi- for the head of a bank-gravely classes of the community, and industries there are new and broad- farious duties which are really out courteous and meticulously careful whilst at all times ready to make ening inquiries, and connections side their province. With the and he took great pride in the tra- advances for trading and general dormant for years have been re-Cabinet free to exercise ite true, ditions of the bank. purposes and to do whatever is opened. High hopes are centred functions the expert administrator, He became a junior partner in necessary to uphold the industries upon the measures to be adopted by in his turn, would be set free to de 1877, then a managing partner at PORTO RICO STRAITS

and the credit of the country, they the National Government, but it his part.

the age of 88, and finally chairman, SETTLEMENTS have constantly to keep their assets must never be forgotten that in ad- "If we failed to make orderly use

There is one tradition that no em. URUGUAY in a reasonably liquid state, so dition to what can be achieved in of scientific invention, scientific in-ployes of the bank shall wear ́n VENEZUELA---- that "ey may be in a position at that way, much hard work and per-vention would march straight on to moustache-and Sir George, like Commercial and Travellers' Letters any time to fulfil their contract to sonal effort will be required before destroy our civilisation. We must everyone else, strictly observed it. of Credits, Travellers' Cheques, Bill repay their depositors on demand. we are in the position to reget control of the machinery which'

He was the kindliest of men and of Exchange and Cable Transfers It would be difficult to conceive of sume our old place in the markets was the motive power of our civili- took a keen personal interest in all bought and sold. Current accounts anything less like the swollen money of the world. It must be observed sation. and Savings Bank accounts opened eign currencies, taken at rates that the extreme critics of the banks great world crisis, and substantial substituted for the idea of competi- He was so quick to make deel-

The Clerk's Surprise. may be ascertained on application to than a Scottish bank, which is con-progress cannot be made unless by tion, although competition ought sions and stated them so briefly and ducted on the lines auggested by the conference and negotiation the dif- not to be entirely displaced. It was to the point that he was often re We are also able to offer our Cus-experience of over two hundred ferent Governments come to an still an important touchstone in garded as abrupt and tasty. But tomers the services of the Branches of the International Banking Cor-years of prudent management and agreement about War Debts and determining human values and a those who gained this impression of poration in San Francisco and Spain service to the people.

Reparations, and the great central necessary, spur to achievement. and also of The National City Bank) Happily, there is another side to banks on credit and currency pro of Now York (France), S.A., in Paris the picture. The banking structure blems. In the meantime the stabl

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, NEW YORK.

Capital, Surplus and

Undivided Profits ..U.S.$226,037,392

Branches in

ARGENTINE

BELGIUM

BRAZIL

CHILE

•

CHINA COLOMBIA CUBA DOMINICAN REPUBLIC ITALY JAPAN

INDIA

LONDON

MEXICO PANAMA PERU PHILIPPINE ISLANDS

and Fixed Deposits in local and for-st of the imaginations of some of also that we are in the grip of a The idea of co-operation must beļ

the Bank.

and Nice.

Reorganised October 28, 1928, under

Capital

ernment as an

Surplus Reserves

BANK,

Subscribed Capital

.$25,000,000.00

BRANCHES:-

Paid Up Capital

-$24,710,200.00

Reserve Funds

.$ 3,820,543.82

Amateriam Antworp Athen Banda

Gende

Glasgow

Havana

Hamburg

Nloo Naples Pirm Parla

Berlin

HAUTS

Biarette

Bombay

Brunale

Interlaksa Jarunates Lido Loodna

PARDE Paking Faleried

Rotterdam Rama

F. McD. COURTNEY,

Hong Kong, June 16, 1981.

Buenos Aires

Calzo

Liverpool Luserne

Caloustea

Luror

Singapons

Colombo

Marvellion

B. Morile

Constantinople. Momo Dario

Theatin

Copenhagen Kanila

Mon Foun

Zurich

HRAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central.

Дере

Canne

Lugano

Edinburgh Munich Florence Велета

Blamboul Shanghat Bouthampton

Varas Venice Yokohama

Owing to our numerous branches in China and 'largs connections in the Important commercial centres of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds Branches of American Express Com- and other Public Fands of the Chin- esa Government both at home and pany in Principal cities of United

abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Patablished 1880.

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

Ten 116,200,000

Head Office:-TOKOHAMA, Branchew ́ and Agencies at:

Alexandria

Batavia

Berlia

Bombay

Calcatta

Canton Changchun

Dabren (Dalny)

mbarg Hankow

Nagasaki

Nagoya

Newchwang

Now York

Paris

(Mukden) Rio de Janeiro

San Francisco

Hoa Trong

Honolala

Kai-Yuen

rachi Sobe London

Shangha

yanay

States of America and Canada.

PALESTINIAN CLAIMANT.

£15,000,000 Shanghai Estate,

under him.

their "chief" soon found they were wrong by his many kindly setions. One of many stories told about him eloquently illustrates. hia bene- volent disposition-even if it is not true. It is said that a clerk, trans-

of the country has recently been tisation of the pound, however de- Manager. subjected to the keenest scrutiny by sirable, must wait, as we cannot the distinguished body of men form-afford to take action until we are ing the Macmillan Committee, absolutely assured that we can with an eminent Scotsman at its maintain the new basis as a definite the £15,000,000 left by Mr. Silas why, and asked Sir George, who A claimant for a third share in ferred to another branch, wondered

THE BANK OF TAIWAN, LTD. head. I think it may fairly be and permanent arrangement.

(TAIWAN GINKO.)

HEAD OFFICE:-Talpeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

All classes of Commercial Banking FORMOSA Transactions undertaken.

Personal Investment accounts handled.

The Company offers to intending Travellers the case of its "Travellera Chequer and Letters of Credit and, in addition, the world-wide services Department, with of its thoroughly equipped Travel

W. DUGGAN,

Manager.

Central Bank in Porto

Bank-Notes issued Arange`smount ...Ten. 45,000,000 | BRANCHES AND AGENCIES: TAPAN-Toyko, Yokohama, Kobe, Unaks.

Eg Karako, Esplang. Makong, Nuto, Salaobika, Taisho, Tainan, Takao. Tamil, Toen, -eito, Taito. CHINA-Shanghai, Hanków, Amoy,, Fooshaw,

Bwatow, Canton. OTHERS: Beng Kong.

Eingsporn, Bowenbaya, Bacarang, Batavia, Bombay, Landon, New York, Petron,

LONDON BANKERS /

Barclays Bank, Lid., Logs Bank, ZA.. Midland Bank, Ltd., Wastminster Bank, Ltd.

The Bank La Gwapondente in all the principa Glöginarial Osalem Skroughout the world. ARA MAGURA, HONG KONG BRANCH: * ́

1. Des Vaux Band Central. Hong Kock, Deoembar #4; 1981,

THE BANK OF EAST ASIA,

Established 1918.

HEAD OFFICES VEEN 10, Des Voeux Road, Central.

TONG KONG

Capital and Surplus. Total Resources

very description of

urrent and, Fized Deposit: currencies: opened for elant Savings Account and Bats, Branches and Agenelia all

Manager.

LTD.

IL.$ 8,000,000,00

1:$80,000,000

FAN TONG PO

(Continued at foot of next column.) abruptly told him that he did not

like his watch chain.

PIONEERS MEET AFTER HALF CENTURY

L'alf's emborg fa a long way tổ di look back and when Charlla Shaw, (right) maky om: Wilson In the grounds of the Band Springs

décalan for both of them..Tom

smoda "Rocky Mountain, resort:

Vindian Padké s Grát éxploration of*1881, and the first

When the puzzled clerk next drew his salary he found he had a £50 a year riset

Sir George joined Coutts Bank when Ita home was at 59, Strand, where, the Tivoli now standa.

He was also a director of the National Provincial Bank. He was made K.C.V.O. in 1919. He was a member of the Royal Company of Archers, the King's Bodyguard for Scotland, and a magistrata for Ber- wickshire.

He died at his home at Lees, Coldstream, Berwickshire.

Sir George was fond of hunting, fishing, and golf-but he never. played on Sundays. For some years he was a churchwarden of Bt.- Paul's Knightsbridge. He Was treasurer of the Middlesex Hos pital and of the Union Jack Club.

He leaves a widow, who is a daughter of Major-General. G. G. Hatch, and one daughter.

Aaron Hardoon, the Shanghai real estate magnate who died in June last year has appeared in Jera- salam. The claimant, a nephew of the deceased, is a Palestinian

The late Mr. Jew

to Shangh

that none better een