1932-01-20 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Aetherfied Caplist ........ $30,000,200 Ieued' and Fully Paid-up

20,000.com Barve Funds (mu

Sterilag

BJJvme

£11.500.000 $19.000.000

Reserve Llability of Proprietors... $24,000,000 HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS: -

Hon. Air, C. O, H. Mackle. Chairman.

Roo. Mr. J. J. Putemos. Deguty Chinese,

W. H. Bali, Esq.

A. II. Compton. Fay.

. Miskin, Poq.

T. E. Pearce, Ems.

ASCOT

BANGKOK BATAVIA ПОМНАТ

CALCUTTA

CANTON

CHEFOO

COLOMBO

DAIREN FOOCHOW

HAIPHON

HAMOURI

BANKOW

HARDIN

HORDKEW

110110

IFUR

JOHORE

KOBE

KOWLOOK

J. 4. Plummer, Faq.

T... Shaw, Faq

J. P. Warren, Esq.

Chief Manager.

* Crapburn, K«q.

BRANCHES:—

KUALA LUMPUR

LÙA ĐÔN

LIUNG

MALACCA

MANILA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

THE

CHINA

MAIL.

THE HO HONG BANK, LTD.

(Estabaked 1917.)

HEAD OFFICE-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.)

Authorised Capital Straits $20,000,000 Isaned Capital Paid-up Capit

Incorporated by Royal Charter, 1863. Reservo

HEAD OFFICE: LONDON.

Pald-up Capital

Reserve Fund

.£3,000,000 .£4,000.000

Reserve Liability of Pro-

prietors

£8,000,000

Agencies and Branches:

ALOR STAR

AMBITHAR

KUCIRNO

MADRAS

MANILA

BANGKOK BATAVIA BOMBAY

CALCUTTA CANTON CAWNPORE CEAD COLOLIBO DAIDES

DELHI

HAIPHONG HAMBURG HANKOW HARBIN HONG KONG

HOILO

J

SEAT (Johor)

KARACHI

KLANG

HODK

MUKDEN

NEW YORK

PEIPINO

PENANG

-HANGDON

NATOON

SAN FRANCISCO

SHANGHAI

SINGAPORE

SOURABYA

SONIEL PATANI

TIESTAIN

TOKYO

TSINGTAO

YORDHAMA

Current Acconti epenst in Toral Currency and Fund Depoulte repetrąd for our year or whcete periods in Loen Errency and Healing on terms which will be quoted to applikation. Hos Fong, December 1, 19.

HONG KONG SAVINGS BANK.

The Buiten of the store tank in conducted

by the HONG KONU AND SHANGHAI BANK- INO CORTONATION. Rubs may be phtalised an application.

FOR THE HENGRONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chiri Maneget.

Hong Kong, làth July, 1900,

THE BANK OF CANTON, LTD.

Batablished 1912.

Head Office:-Hong Kong. Authorised Capital (11.8. Corency} ...$11,000,0X Pald-Up Capital......

• Este Fuad

BRANCHES :-

R,005,900

Casion, Shanghai. Hankow, wakati mt. Bangkok, Sew York and San Franci

LONDON BANKERS-

The Lloyd's Bank Limited.

CORRESPONDENTS

In all pelocipal siline of the World.

Foreign Exchange and bushing burim of

sry moription transarted.

Bale Depot Bases furious visos) at gratly

rental from $5 to $40.

LOOK POONG SHAN,

KOALA KABISAN

KUALA LUMPIN

MEDAN

NEW YORK

PEPING (Peking

PENASO

HANGIOON SALOON SEMARANG SEREMBAN MILAN GIẢI

KINATORS SITIAWAN SOURABAYA TAIPINO

TIENTSIN

FORYS

TONORAH (Bhoket) TSINGTAD

VOKOHAMA

ZAMBOANDA

Foreign Exchango 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 SOCIETT,

BAVKERS.

Established 1894.

Hong Kong ßcs :—11, Quena's Road Central.

Authorised Capital Paid Up Capital Reserve und .....................

Brad Offer:-AMSTERDAM”. Eastern caddie:-BATAVIA.

Güdere 153,000,000.

. Quifdara 10,050,000. Guilder 10,015.000.

Djok

Branches:-BandJermasin, Dendor" Bombay,

Calcutta, Oberibou Djember, jakarta, Tha agua, diab. Koba, War Medan, Palembang, Fin longan. Penang. Blangnon, Rotterdam®, Semarang, Bhanghai. Bingapore, Soar bala, Boskarta (Belo, Tegni, Tillatjap and Welevreden".

* These officne kara Sala Deposit Borse to Let..

LONDON BANKSIS :--

NATIONAL PROVINCIAL BANK LTD.

Correspondents all over the world. Banking Bank

art of every discription Camacted.

A. STOKRINE,

Hong Kong, ht December, 1981,

THE

Liabilities

of Starsholdera Surplus

8,000,000

4,000,000

4,000,000

2,687,000

Branches. Agencies and Correspon dents 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 Haussmann,

PARIS.

Capital fully paid up .Frs. 120,000,000 Reserves (31.12.1930) Fr. 116,588,451

BRANCHES:

Indo-China. China. Saigon

Canton Battambang

Gratho Fort-Bayard

Haiphong Hand! Thanh-Hoa Hue Nam-Dich Prom-Font Quiahon Tourane Vinh

Hankcou Hongkong Mangizo Peping Shanghai Tientsin Yunnanfou Singapore

Bangkok

Djibouti

Nouman

Papeete

Pondicheri

Every description of Banking and Exchange Business transacted.

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

Commerce and Finance

WHEAT QUOTAS

Millers Propose An Alternative.

VOLUNTARY LEVY.

With Extra Charge on Imported Flour.

WEDNESDAY, JANUARY 20, 1932.

NEW CHEMICAL

FERTILIZER.

Saturday Meeting of Local Company.

The statutory meeting of the China Agricultural Development: Company Limited was held yester day at 8, Des Voeux Road Central, and was presided over by Mr. L. Dowdall who was supported by Mesars. C., Champkin, W. J. Hansen and F. M. Ellis (Directors).

The chairman, in the course of his address, said:

We have now agencies in Swa- tow, Canton, Amoy and Bangkok.) The most encouraging reports have been received and I am confident that we shall do a very nice busin-

Having had ane experience of the top prices. It must be realised also ness after China New Year. rough side of Mr. J. H. Thomas's that the weight of these by-products

be as follows:-

making our

on

MORRISON

PIANOS

Excellent QUALITY.

Wonderful VALUE. Exceptional DURABILITY,

Made Especially

for

and

GUARANTEED

TEN YEARS.

For Sale or Hire

at

I have just completed a tour of TROPICAL CLIMATE tongue, the millers are not communi- of imported wheat purchased by our cative as to the nature of the pro- farmers considerably exceeds the inspection of part of the district Other Places. posals which they are putting for- entire home-grown wheat crop. A under our Canton agents and was ward as alternatives to the proposed a practical matter also the extra very much impressed with the pros-, wheat quotas. However, the main cost which the quota scheme, if pects of business for the com- heads may confidently be taken to carried, will put on millers is likely ing Spring crop. So much so that to figure rather in higher wheatfeed whether or not we shall get a suffi- our problem now is not so much! All mills grinding imported wheat prices than in higher bread prices, cient volume of sales but whether to be registered.

formers losers Mills so registered will volun-balance from the wheat quotas facture and have ready at the or not we shall be able to manu-! tarily bind themselves to pay into a you have already pointed out. joint fund a levy on every sack of The prospect does not appeal to right time enough stocks to meet flour ground from imported wheat those farmers who are thinking out the demand which will probably

All imported flour to pay a levy the quota for themselves rather

all come at one time. I do not also, but the millera insist that the than taking the Conservative party's is over thore will be no more de- mean that when the Spring erop compulsory levy on the Imported Agricultural Cowmittee's word for! article shall be greater than the levy it. It is notable that in the many mand. I anticipate that there will on the home-produced. At present, European countries which have disbe sales throughout the Summer apparently, the millers' idea is that criminated against foreign wheat and Autumn, but the big demand TSANG FOOK PIANO the imported levy shall be twice as imports this matter of by-products will be for the Spring and Autumn large as the domestic. The entire has awung the farmers to support fund to be devoted to subsidising the millers in demanding, and gain- Although this is the slack season the production of home-growning, greater discrimination against we are making small sales all the wheat.

imports in the form of flour rather time and have definite assurances The millers assert justly that the than in the form of wheat grain. of orders amounting to some 3,000) administrative work involved in It does not appear to have been to 5,000 bags such a scheme will be negligible pointed out, but there seems to be a New Year is over,

15 soon as China compared to the enormous bureau- precedent for the millers' proposals eracy involved in the quota pro- in the cotton-spinning industry's posala, says a special London Cor- scheme for a levy on every bale of bag we sell, by the results it will, respondent of the Manchester cotton spun, for the benefit of the produce, will sell for us ten bags Guardian. And adds: Moreover, Empire Cotton-growing Associa for the following season. they count on gaining agrarian sup- tion's work. Certainly, a voluntary Capital, Surplus and

port for the suggested discrimina- levy is more attractive than a back- Undivided Profita..U.S.$226,037,392 tion against imported ficur because door tariff.

Safe Deposit Boxes to let. Travellers' cheques issued.

A. BONNAUD,

Manager

5. Queen's Road Central, French Bank Building. Hong Kong, 1st November, 1931,

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Branches in:-

LONDON

ARGENTINE

BELGIUM

BRAZIL

CHILE

Manager.

CHINA

COLOMBIA CUBA

DOMINICAN REPUBLIC

Chief Manager. AMERICAN EXPRESS COMPANY.

INC.

THE BANK OF CHINA. 行銀國中

Head Office-65, Broadway, New York.

Keorganised October 26, 1928, under

.special charter of The National Gov-

Capital

ernment as an

Surplus

Reserves

INTERNATIONAL EXCHANGE

U.S.$0,000,000 U.S.$1,572,454 .U.S.$1,908,209

BANK.

BRANCHES:-

Subscribed Capital

Paid-Up Capital

Reserve Funds

.$25,000,000.00 .$24,710,200.00 Antwerp .$ 3,820,502.82

Amsterda

Athosti

Belo

Vod Saples Pipes Parte

Bertan

HEAD OFFICE: SHANGHAL

Bartile

Bombay

HONG KONG BRANCH:

Brussels

Buenos Ai Calm

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 ellents special facilities for domestic and foreign banking and exchanges.

We also handle the Ine of Bonds

Unaos Glasgow Havan Hambary Have Interlak Jestem Lide London Liverpool Lucern

LABO Murelle Constantinople Monte Carlo

Calcutta Carnne

Colorabo

Copenhagen Edinburg Monst Понета

Manita Munich Moares

Milan

Peng Poking Talerino Bastardan Rama

Soul

Shangha Southampton Singapore St. Morite

Tleutst

Jonna

Vesics

Yokohama Zuriat

Branches of American Express Com-

and other Public Funds of the Chin-pany in Principal cities of United esa Government both at home and States of America and Canada. 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 Reserve Fund ..Yen 110,200,000

Head Office:-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calentta

Canton

Changchun

Dairen (Dalny)

Nagasaki Nagoya Newchwang

New York Oraks Pelping

Parla

Rangoon

Feestien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

2. Los Angeles

Yuen Karachi Kabe Lender Manlig

**

Seattle

San Francisco Semarang Shanghai

Shimonoseki Singapore Soerabaya Sydney Tientsin Tokyo Taingtau

Interest allowed on Currexi scounts.o

**Deposita received for fxed periods

at rates to be obtained on application."

H. MORL

og Manager. Kong," Lith Heptember): 1981,

MEXICO PANAMA PERU PHILIPPINE ISLANDS

the by-products of home milling!

Use of the Fund. (the so-called wheatfeeds or mill

One would hope that if the mill- offals) are a highly-prized stock-era proposala are acceptable the feed. Theoretically there is no rea- fund would be used for agricultural son why wheatfeeds should not be work rather more economic than imported along with wheat-flour im-subsidising wheat-growing on our porta, but in practice this cannot unsuitable solls and in our unsuit- SETTLEMENTS occur on a large scale because the able climate. Could not example be URUGUAY

by-products are bulky articles rela- taken from the constructive re- VENEZUELA tive to their value, and they lack search already done by the millers,

keeping qualities for long voyages.

ocean and would it not be better for the country to take advantage of the efficiency of the grain trade, instead

PORTO RICO STRAITS

ITALY JAPAN

Commercial and Travellers' Letters of Credits, Travellers' Cheques, Bill of Exchange and Cable Transfers

Offals as Trumps.

bought and sold. Current accounts This matter of by-products is the of disrupting it by quotas? Our and Savings Bank accounts opened strongest card in the millers' hand. agriculture is in more need of re- and Fixed Deposits in local and for- To a certain extent they have earn- search and organisation in produc- eign currencien taken at rates that ed it, because since the rationalisation and marketing particularly in may be ascertained on application the Bank,

tion of the milling industry they animal products than of tariffs,

to

We are also able to offer our Cus-have devoted considerable research straightforward or disguised. tomers the services of the Branches and educative work to developing A fund judiciously applied to

of

Manager.

F. McD. COURTNEY,

Hong Kong, June 16, 1931.

the International Banking Cor the advantages of the products as such activities, aiming at having our poration. in San Francisco and Spain and also of The National City Bank cattle feeda. Nutritively, the best farmers supply the "bread-and- of New York (France), S.A., in Farls part of the wheat berry goes into butter" section of our animal food and Nice.

the offals rather than into the loaf supplies, instead of the relatively (as protagonista of wholemeal bread small specialised fraction would are not slow to point out), so that they fill at present, promises great the millers started this work with advantages both to the country and a good foundation, and have made to its agriculture-which is more real progress in their research, to than THE BANK OF TAIWAN, LTD. the farmer's considerable advantage. Large Black Pig Society, so beloved the quota does. Even the (TAIWAN GINKO.)

Cattle fed 50 per cent. bran-a of your most erudite contributor, thing previously unheard of-have could find a useful place in such been gaining first prizes and making work.

HEAD OFFICE:-Talpeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Forms Brak-Notes and Average amount,..Yen, £5,000,000 BRANCITES AND AGENCIES:

All classes of Commercial Banking TAPAN-Torka, Yokohama, Kobe, Osaka, Transactions undertaken.

Personal handled.

investment

accounts

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 theroughly equipped Travel

E. W. DUGGAN,

Manager.

FORMOSA-Glan, Kagi, Karenko, Keelung. Makong Nania, Biohiku, Taichu. Talpas, Takao, Tamui, Toen, Haito, Tallo. CHINA-Shanghai, Healow, Apoy Foochow

Swatow. Canim. OTHERS:-Kong

Singapore. Surabaya,

Semarang Ba Bombay, London, New

York, Baires.

LONDON BANKERS,

Baruleys Dank, Ltd., Lloyds Dank, Lid., Midland Dank, Ltd, Wentralurter Bank, Ltd. The Bank has Corpwpondents in all the principat; Commercial Centres throughout the world. E. NAGURA.

HONG KONG BRANTU,

3. Vaux Road Central, Houg Kong, December 24, 13.

THE BANK OF EAST ASIA, LTD.

Established 1916.

HEAD OFFICE:

10, Des Voeux Road, Central TONG KONG

Capital and Surplás Total Resources

over H$ 8,000,000.00 over H.$30,000,000.00 Every description of Banking and Exchangé budličká transacted.

Current, and Fixed Dapoli Accounts in local and fore eign currencies opened for ellents, and a

Savinge Account and Bite Deposit Boxes. Branches and Apmetes all over the world.

KAN TONG PO,

Chief Managır."

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:

, Oraconchurch Street, London. P.C.B.

Authorised Capital

Subscribed Capital

Paid-up Capital

£3,000,000

1,800,000 1,050,000 Reserve Fund and. Rest 1,666,845 'BANKERS

The Bank of England à Midland Bank, Ina.

Bangkok

Batavia

BRANCHES 1

Ipob Kandy

?

Houbay

Karachi

Calcutta

Kota Bhar

Colombo

Rusia Kra

Delhi Gala

lous Roar Howrah

Kuala Liple

New York Panan Port Louis

(four) Bang

Shaopha!

Kuala Larspur Birala

Husnia(Faberg) Singapore Marss

Bourabaya

HONG KONG DRANCE.

LONGEST BRIDGE.

T.

London Firms And A Zambesi Scheme.

The Portuguese Government has authorised measures for the financ- ing of the Zambesi Bridge scheme. It involves the construction of the longest bridge in the world and about thirty miles of railway in Portuguese East Africa.

Contracts for this gigantic work were placed with the Cleveland Bridge and Engineering Co., Ltd., Trustee and Executorships ander- of Darlington; last year. The Gov

Every description, of Banking and Exchange bual-

nosa femaskolos.

Travel Choques Issued,

taken.

INTEREST alowed on Currant Accounts and ernment's authority has been ar Fixed Deposits at Halos that may be anatafund tended to two London companies, as on application.

C. L. SANDES,

7, Queen's Hand Central,

Hong Kong, 19th April, 1:01.

Manage..

AN INTRODUCTORY HISTORY by

A. EL CROOK. O.B.E., M.A.

V. KAY MAKANA

W. L HANDYBIDE, MA, B.Sc. PRICE $2.00.

-NOW ON. SALE AT THE

PUBLISHERS,

The Newspapaturprise Ltd.

China Mall, Omon

follows

Central Africa Railway Co.: To issue £1,750,000 in 5 per cent, Debenturen for the construction of the Zambesi Bridge.

Trans-Zambesin Ballway Co. To isntie 82,100,000 in 5, 5%, and 6 per cent, Debentures to link up the company's line with bridge British United Press, The designs were prepared by

Mesars. Livesey, Son, and Hen derson, of Southplace, E.C., andi Mesars Bendell, Palmer, and Trifton, of Broadway, West- minster.

crop seasons.

We confidently hope that every!

AT THE

QUEEN'S

COMPANY.

8, Des Voeux Road, Central, (Entrance Ice House Street)

Telephone 24648.

FROM

SUNDAY

with LIONEL BARRYMORE CLARK GABLE

A FREE SOUL

Metro Goodwyn.

Mayer HOTURE

Starring

NORMA SHEARER

G. FALCONER & CO., (HONG KONG) LTD. WATCHMAKERS & JEWELLERS DIAMOND MERCHANTS. Union Building (opposite G.P.O.) Agents for :—ADMIRALTY CHARTS,

ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE, direct from Manufacturers, High Class English - Jewellery,

JAMES DUNN

“COMING SOON TO THE KING'S

LENTLY HILERS

BAD GIRL

GIRL