1932-01-14 — Page 11

THURSDAY, JANUARY 14, 1932.

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Ausbreised, Capital

Issued and Fully Fuld-up

Hamara Punda-

•

-$50,000,000

**** 20,000,000

Biatlog...... 6,500,000

Bivar

....... 10,000.000

Beserva Liability of Proprietors 30,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS :—

Hon. Me. 0. 0. 8. Mackia. Chairman.

Bon. Mr. J. J. Paterson. Deputy Chairman,

W, H. Ball, Esq.

A. H. Complon, Esq.

G. Miskin, Roq,

J. E. Pearce, Esq.

AXOP

DANGKOS

BATAVIA

BOMBAY

CANTON

J. A. Plummer, Kaq.

T. 1. R. Shaw. Esq.

J. P. Warren, Faq.

Chlef Manage.

V. M. Grayburs, En.

BRANCHES-

LANDOS

LYONS

MALACCA

MANILA

MUAR (Jubores

CALCUTTA

CHEFOO

COLOMBO

DAIREN FOOCHOW

MUKDES

NEW YORK

HAIPHONO

HAMBURO

HANKOW HARDIN HONGKEW

ILOILO

Прод

MOHUBE

KOBR

FOWLOON

KUALA LUMPUN

PRIPING

PENAND

BAN FRANCISCO

RANGOON

SATUUN

SHANGHAI

*INGAPORE

SOURABYA

HUNDE! PATANI

TIENTSIN

TOKYO

THENGLAD

YOKOHAMA

Ourgent Ansoante opened in Local Currency and Fixed Deposite received for one year or shorter periods in Local Currency and Sterling on era which will be quoted no application. Hong Kong, December 1, 1987.

HONG KONG SAVINGS BANK.

The Business of the shore Bank Is conducted by the HONG KONG AND SHANGHAI BANK- ING CORPORATION. Rules my be obtained ou application.

POB THE HDNOKONO AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Hong Kong, 18 July, 1980,

Chief Mansor.

THE BANK OF CANTON, LTD.

Established 1912.

Read Office: Hong Kong.

Authorised Capital (H.K. Currency) ...$11,000,00 Paid-up Capital .........

9.163.000 1,100,000

Barve Fund.

BRANCHER:-

Canton, Shanghai, Hankow, Bwatow, Bangkok, New York and San Fraselwo

LONDON BANKERS—

The Lloyd's Bank, Limited, CORRESPONDENTS

In a principal cline of the World.

Foreign Exchange and banking business of

story Imcription traced.

Safe Daposlt Beten frazion sizex) at a yearly

rents of fruen 26 10 140

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

行銀國中

Reorganised October 28, 1928, onder

special charter of The National Gov-

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Pald-up Capital

Reservo Fund

£3,000,000 .£4,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Branches:

KUCHINU

MADRAS

MANILA

ALOR STAR

AMRITSAR BANGKOK BATAVIA BOMBAY

CALCUTTA CANTON CAWNFOBE CEBU CULO NO DAIREN

HAIPHONG

IPOH

KARACHI

XODE

·

KUALA LUMPUR

MEDAN

NEW YORK

PEPING (Peking)

PENANO

BANGOON

SAIDON SENARANG SEREMBAN ЗНАХОЛАТ SINOPORE KITIAWAN SOURABAYA TAIPING

THE

CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:—BINGAPORE. Hong Kong Branch: 13, Queen's Rd, C Authorised Capital Straits $20,000,00 Issued Capital Paid-up Capital Reserve

Liabilities

of Shareholders. Surplus

ין

8,000,000

4,000,000

1,000,00 2,687,000 Branches, Agencies and Correspon denta in the principal cities of th world.

Every description of Banking an Exchange business transacted.

TAN ENG HOOL,

Manage

BANQUE DE L'INDOCHINE.

HEAD OFFICE: 96, Boulevard Haussmann. PARIS. Capital fully paid up. Frs. 120,000,000 Reserves (31.32.1980) Frs. 116,568,454

DELHI

HAMDURO

HANKOW

HARBIN

11NG KONG

ILOILO

TIENTSIN

TOKYO

TONOKAH (Dhuket)

ELAND

TSIWOTAO

YOKOHAMA

RUALA KANGSAR

ZAMBOANGA

Hane! Thank-Hos Hue Nam-Đinh Nam

Enom-Peuk

Quinhoo

Tourane Vinh

BRANCHES:

Indo-China. China. Other Places Saigon

Canton Battambang

Bangkok Cantho

Fort-Bayard Haiphong Hankeon Djibouti

Hongkong

Noumea Mongtze

Papeste Peping Shanghai

Pondicheri Tientsin Yunnanfou Singapore

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.

INETHERLANDS TRADING SOCIETY)

BANKERS.

Established BBM.

Hong Kong Office, Queen's Road Central.

Authorised Capital ... Dellars 150,000,000- Pald-Up Capital Gullders 80,080,000. Reserve Fund. Ouilders 40,018,000-

Hrad Oos-AMSTERDAM", Eastern Hand Ür;-DATAVIA. Branches:-Dacdjermaslo, Beadoent", Bombay Calcutta. Chartber, Djembar, Djak: Kabe Jakaria", The Hague", "Jiddah, Waka, Madun, Palambang, Paka longan, Panang, Rangoon Botterdam" Semarang, Shangbat, Bingupore. Bora bela, Boerakarta (Balo). Tegal, Tilting and Walteraden,

• Threo affos kare Sula Depot Boxes to Lot,

LONDON BANKERS

NATIONAL PROVINCIAL BANK LTD.

Correspondente alt gear the world. Banking Busl Boss of every description transsotod.

A. STOKKINK,

Hong Zong, lol Decomber, 1981,

Manager.

Every description of Banking and Exchange Business transacted

Interest allowed on Current Accounts 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, 1st November, 1981.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 65, Wall Street, NEW YORK.

Capital, Surplus and

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

Branches in:-

ARGENTINE

BELGIUM

BRAZIL

CHILE CHINA

COLOMBIA CUBA DOMINICAN REPUBLIC INDIA AMERICAN EXPRESS COMPANY. ITALY

JAPAN

THE

INC.

Head Office:-55, Broadway, New York,

Amsterdam Antwerp

LONDON

MEXICO

PANAMA

PERU

PINE

PORTO RICO STRAITS

SETTLEMENTS; URUGUAY

VENEZUELA

and

Commerce

Finance

WORLD SILVER OUTLOOK

HANDY AND HARMAN'S ANNUAL REVIEW OF METAL

New York, January 5, Messrs. Handy & Harman, in their annual silver review, while expressing lack of sympathy with

All other places 35,700,000

ounces.

Supplies From Demonetisation. Supplits of silver from Govern-

the efforts artificially to control the ment sales and demonetisation de- price of silver, 800 a number of clined by 12,000,000 ounces, as com- reasons why the price of the metal pared with the 1980 6gures. De- should improve as a result of monetisation of Siamese coinage in- creased available supplies of silver economic forces.

by 20,000,000 ounces, while sales by the Mexican Government and the Indian Government amounted to 4,500,000 ounces and 95,000,000 ounces, respectively, making aggre gate

additional supplies of 59,500,000 ounces.

Factors For Improvement. Factors which favour improve ment of the price of allver may be briefly listed as follows:-

(1) World production of silver has been substantially curtailed:

(2) Sales of silver from demone- tised coin have declined:

,

Sales of silver by the Government of India may cease, Messrs. Handy (8) The Government of India & Harman belleve, as a result of may cease selling silver because the, the departure of sterling from the necessity for such sales appears to gold basis. Formerly, sales of be lacking:

allver by the Government of India (4) Some new buying of silver were stated to have been necessary for subsidiary coinage has appear in order to help maintain the legal ed recently, indicating a possible' gold ratio of the rupee; but the this purpose; and revival of demand of the metal for necessity for maintaining this ratio has now disappeared, at least tem- (5) The popularity of silver in porarily, with England's suspension Ching and India shows no signs of of the gold standard. waning.

Due to political uncertainty, The world output of silver in the trade stagnation and lower prices year 1981 declined more than 20 abroad for her products, India's per cent, according to Messrs. consumption of silver during the Handy & Harman, who estimate the past year declined by about 40 per 196,100,000, cent, the estimated total being

total production ounces, made up as follows:

Mexico 88,900,000 ounces; United States 81,400,000 ounces;

Canada 20,400,000 ounces; South America (mainly Peru) 19,700,000 ounces;

WORLD'S SUGAR PRODUCTION.

Dissatisfaction Among Cuban Producers.

67,000,000 ounces.

11

BUSINESS DIRECTORY

ATTRACTIVE TAILORING

The Latest In Gentlemen's Outfitting

AT PRICES TO SUIT ANY PURSE

PERFECT FIT

AND

RELIABLE SJITINGS.

WING HING CO.

Gentlemen's Ostätters

64, Queen's Rd. C. Tel. 21417.

Very Nice Woollen Materials

For

Making Ladies'

DRESSES

&

OVERCOATS

Also FURS & SILK HOSIERY Export Talloring Department.

LEE MOWKASZŁ Chinese Bilk Hosiery Store No. 1, D'Agullar Street

DENTISTS.

HARRY FONG, Dentist,

1st floor, No. 74, Queen's Road

Central. Tel. 21255.

TANG YUK, Dentist. Successors to

the late SIEN TING, 14, D'Àguilar Street.

TERMS VERY MODERATE Consultation Free.

China's Consumption. China's consumption of silver ENGINEERS & SHIPBUILDERS. dropped by 62 per cent., the total consumption during the past year, Including Hong Kong, being estimated at 59,000,000 ounces EXCHANGES.

TO-DAY'S QUOTATIONS.

On London-

Bank, wire

1/5.

Bank, on demand ..... 1/5 8/16 Bank, 4 months' sight 1/5 5/16 Crédits,

months*

aight

con- Documentary, 4 months' sight

Liverpool, December 11. Our markets have shown siderable Armness during the past fortnight, and values are 81⁄2d. to

Un Parla- Commercial and Travellers' Letters 44 d. higher.

On demand

of Credits, Travellers' Cheques, Bille The advance is to be attributed of Exchange and Cable Transfers not only to the loss in exchange but bought and sold..

Current accounts also to a brisk demand by the trade? and Savings Bank accounts opened

and Fixed Deposits in local and for- during the past week and to the eign currencies taken at rates that improved statistical outlook. may be ascertained on application to Statistically Bound Position.

the

Bank.

W. S. BAILEY & CO., LTD.,

Kowloon Bay. New Work & Repairs. Call Flag "L" Bole Agents for Kelvin Motors.

FOR SALE.

COLLECTION OF POSTAGE STAMPS.

Mounted in Books contalalag Both Mint and Used Stamps.

HAIR DRESSERS.

LEE YEE.

Ladies' and Gentlemen's Hair Dressers & Booksellers." No. 12, D'Agullar Street. (opposite Queen's Theatre).

OPTICIANS.

THE HONG KONG OPTICAL COMPANY,

Phone 22232.

55, Queen's Road Central.

SHOES.

Pair

Black or Brown Shoes from $8.00, Black or Browa Boots from $8.00, Children's Boots or Shoes from $2.00.

Best styles, most complete stock of all sizes. Repairing a speciality. WONG SIU WOON

21. Pöttfärer BL

Phöñè #1374

SPORTING GOODS.

ATHLETIC

GOODS

AT

THE LIANG YOU CO.

70, Queen's Road Central

TYPEWRITER DEALERS

HOP SING & CO.

28, Pottinger, St. Tel. 21420 CANTON 116, San Hee Sai Rd.

1/8 %

1/8-2

1.000 Stamps, All Different for $3 1,500

do.

18

2,000

do.

30

620

3,000

do.

30

on demand

redith, 4 months'

Aight

Un Berlin-

On New York- On demand

4,000

do.

ALEXANDER

5,000

da.

100

6775

10,000

do.

500

Nom

24/

On Bombay.

Statistically augar is sound; fur- Crédits, 60 days' sight 25% We are also able to offer our Cus-ther evidence of which is afforded tomers the services of the Branches

of the International Banking Cor-by Licht's latest estimate reducing Wire poration in San Francisco and Spain the European crops by 120,000 tons On demand and also of The National City Bank to 8,260,000 tons compared with an

Capital

ernment as an

INTERNATIONAL EXCHANGE

Surplus Reserves

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

BANK.

Subscribed Capital'

.$25,000,000.00

BRANCHES:-

Paid-Up Capital

.$24,710,200.00

DOR

Reserve Funde

.$ 3,820,508.82

Athens

Nico Haplos Firdous Parie

Beris

Paratg

Biarritz

Borlay

Breman

Brussele

Buenos Aire

Cairo

Puking Palarino Botterda Bo Staraboul Shanghai

F. McD, COURTNEY,

Hong Kong, Jane 16, 1981.

Bouthampton Kingapore

Bt. Morits

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road 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 domestic and foreign banking and exchanges.

We also handle the issue.of Bonds

Glasgow HAVIN Humburg Harta Insariakan Jerusalem Lido London Liverpool Luestos Calcutta Lugano Cannca

Bui Colomba

Ma Constantinopla Monte Carlo Copenhagen Manila Edinburgh Florebo Osnova Branches of American Express Com-

Munich Montmur Milan

Tiental

Than Venior

Yokohama Zurich

and other Public Funds of the Chin-pany in Principal cities of United ese Government both abroad.

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

Manager.

outturn of 10,641,000 tons last Wire ***** season. Moreover, the trade is still On demand buying only to cover immediate re- On Singapore. quirements despite fears that the On demand exchange may decline still further. On Mantia-

There is naturally considerable On demand

94/2

94

On Calcutta-

94% .04%

61

484

T76

8% dis.

THE BANK OF TAIWAN, LTD. dissatisfaction among Cuban pro- On Shanghai-

(TAIWAN GINKO.)

|ducers who have been called upon On demand

HEAD OFFICE:Talpeh, Formosa.

Incorporated by Special Imperial

Charter, 1889.

Central Bank in Formos.

(Bank's

to bear the greatest-sacrifice, and Dollar ********* who are now told that they will On Yokohama--- have to restrict their output still On demand........ 66% further. Willett & Gray's world Sovereigns estimate of 25,925,219 tons for buying rate) 1/6 % 1981/1982, a decrease of 2,784,420, Silvor (pe roz.) 19 18/16 Beck-Nates issued Atorage amount. Yan, $5,000,000 tons compared with the preceding Bar Süver, in Hong

BRANORES AND AGENCIES: All classes of Commercial Banking JAPAN-Tepko, Yokohama, Kobe, Osaka,

Nom Transactions undertaken.

FORMOSA G

Xagi Ramanko,

Nom. Takeo, Tamui, Town, Belio, Tate.

Blow, Canian. OTHERS-Hong Kong.

at home and States of America and Canada. SHOU J. CHEN,

Manager.

Hong Kong, 6th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

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

Yen 116,200,000

Head OfficeYOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay Calcutta Canton

Nagalik

Nagoya Newchwang

New York

Parla Peiping Rangoon....

Changchun

(Dalny)

Mukden) Bid "dé. Jansirë

Hamburg Hankow Harbin Hong Honolulu

Kong

Kai-Yuen Karachi

Kobe

Los Angeles

Manila My

London

San Francisco Seattle

Semarang Shanghai

Salmonel

Singapore Soerabaya Bydney Tientsin Tokyo Taingtau

Interest allowed on Current

Deposits received for fixed,

fates to be obtained on

Personal handled

investment

*secounta

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

E. W. DUGGAN,

Manager.

York, Dileen,

crop, includes a provisional fore- Kong Tolong cast of 3,000,000 tons for Cuba, but Copper Cash Makong, Nania, Balwahlke, Talebe, Talsan, other authorities expect that a con- Copper Centa....... 1% prem. CHINA: Shanghal, Bankow, Amor, Forchow, Biderably smaller crop will be de-Rate of Native In

Blogapore, Bourabaya, creed by President Machado who is

terest r

3%% pa. Semarang Batavia, Bombay, London, New expected to make his décision early Chinese Sub. Cofn. 27% dis.

in January..

Hong Kong Sub Coin Par, Mr. Chadbourne is again on his way to Europe to attend an inter- LONDON EXCHANGES national conference to be held in Paris on the 14th instant. The result of this meeting will be await- ed with interest.

LONDON BANKERS ; · Barclays Bank, Ltd., Lloyds Bank, Lič.. Midland Bank, Ltd., Westminster Bank, Lid.

Commercial Centres throughout the world,

The Bank has Correspondents in all the principai

X. NAQUEL

Manager.

HONG KONG BRANCH

1, Dee Vexx Road Central Hosg mg, December 24, 19014

THE BANK OF EAST ASIA, I

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central, HONG RONG.

Capital and Surplus

Total Resources

LTD.

aver ILS:8,000,000.00 over H.$50,000,000.00

Every description of Banking and Exchange business transacted trade

Current and Fixed Deposit Accounts in local and for eign currencies opened for clients.

consent

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

KAN TONG PO..

Chiara Mannror.

*** New York Market. The New York market has shown a aagging tendency under the in fluence of hedge selling against Cubans and duty freek, together with tired long liquidation. The unsettled condition of the refined market with a resultant continued poor spot demand for raws, to- gether with the report that the Cuban pool, which controle the major portion of unsold angar, his been diebanded, have been addi tional bearish factorn.

A reaction is perhaps dus after the recent advance, but, with a de Crease assured in Continental, pro duction of 2,800,000 tons, of pro- bable reductions in

countries and of small stocks held

Brussela

Geneva

'Amsterdam". Milan Berlin Stockholms Copenhagen

FULL SATISFACTION GUARANTEED.

GRACA & CO.,

Dealers in Philatelic Goods, Pictorial Postcards, Garden Seeds, Toys, &c. No. 10, WYNDHAM STREET, P.O. Box No. 620. HONG KONG.

PHOTO - SUPPLIES

Kodaka and Cameras.

Filma, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES

Price Moderata,

A Trial Order is Solicited

A. SEK & CO.

Tel No. 23459.

28A, Des Voeux Road, C.

"COMING SOON TO THE KING'S "

INSTITUT DE BEAUTE

Phone 25169, : Pedder Building (1st Floor). Opposite Entrance to Hong Kong Hotel

Lustrous Oil Permanent Hair Wayos which are Large, Soft and Natural · Artistic Finger and Marcel Waves, DIY Treatment, Shampooing, Herns Pack (say colour), Hair Cutting and Mani [cure for Ladies and Gentlemen. Cón- scientious, Artistic Work by Europass Expert, Mr. Alexander,

CHARGER MODERATE:

A VISIT WILL CONVINCE YOU.

CLAREMONT PRIVATE HOTEL, Austin Road Kowloon. (Facing the Kowlson Cricket Club, Four winutes from farry

nites of rooms. (single

Paris New York

Montreal.

Rugby, Yesterday. 87 8:41 4.05 24 9/16 17% 849 -67120 14 7/16 11778

18-8/18 18 5/16

80% nom.

115

Helsingfors Madrid Lisbon Athens

2232/4

40%

109%

260

÷Hotel has}}

Montevideo Bucharest

81% пот

1570

4

Oslo

Vienna' Prague

Rio

五

ched.

continue to recommend caution.