1932-02-01 — Page 2

BANKS

HONG KONG AND SHANGHAI

· BANKING CORPORATION.

Authorized Capital

Imood and Pully Vald-up mommm................”30,000,000 Beers Funde -

Sterling

Silve

£4,500,000 10,006,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICES—SINGAPORE. Hong Kong Branch: 13, Queen's Ed. C.

THE CHINA MAIL.

$58,000,000

Incorporated by Royal Charter, 1859. Reserve Liabilities

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

8,000,000

11

4,000,000

Roserve Fund

HEAD OFFICE: LONDON.

Paid-up Capital

of Shareholders Sarplu

M

M

4,000,000 2,687,003

Rezerve Liability of Pro

prietors

Agencies and Branches:

Busser Liability of Proprisiars 23,000,000

HEAD OFFICE 1 HONG KONG.

BOARD OF DIRECTQAS:-

Don. Kr. Q. 0. 8. Mackie, Chairman,

Bon. Mr. J. J. Paterson. Deguty Chairman.

W. It, Ball, Reg.

A. I. Compton, Eaq.

G. Malds, Esq.

T, K. Pearce, Esq.

AMOY

J. A. Mummer. Esq.

T. IL R. Shaw, Esq.

J. P. Warren, Esq.

Chial Manager.

V. M. Graybum, Esq.

DRANOKES:-,

LONDON

BANGKOK

BATAVIA BOKDAY

CALOUTTA

CHEFOO COLOMBO

MURDEN

NEW YORK

CANTON

DAIKEN

10000w

HAIPHONG

KAMBURG

HANKOW

HARBIE

KOKOKEW

ILOILO

IPOR

JOHORE

KOWLOON

KUALA LUMPUR

+

PEIPING

ALOR STAR AMRITHAL UANGKOK BATAVIA DOMBAY CALCUTTA CANTON CAWNPORE

• CEDU COLONNO DAIREN

ДЕНДІ

HAIPHONG

HAMBURG

HANKOW

HONG TỔNG

ILOILO

HARDIN

ITOR

KUCHING

MABRAS

MANILA

KEDAN

Branches, Agencies and Correspon- £9,000,000 | dents in the principal cities of the .£4,000,000 world.

Every description of Banking and| £3,000,000 | Exchange business transacted.

TAN ENG HOOI,

NEW YORK

PEPING (Plug)

PENANO

BANGOON SAIGON BEMARANG НЕВЕМПАК SILANO HAI

SINOPORE KITIAWAN HOUHABAYA

TAIPING

TIENTSIN

TOKYO

Manager.

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:-

LYONS

MALACCA

MANILA

MUAR (Johor)

KARACHI

TUNGKAN (uk)

ARGENTINE ...

LONDON

KLANO

KODE

TSINGTAO YOKOHAMA

BELGIUM BRAZIL

MEXICO

PANAMA

KUALA KANGSAR

ZAMBOANOA

CHILE

KUALA LUMPUR

CHINA

PERU

Foreign Exchange

and

General

Banking businese transacted.

Current Accounts opened and Fix-

COLOMBIA CUBA DOMINICAN

PHILIPPINE ISLANDS

INDIA

ITALY JAPAN

PENANG

BAROOON

SAIDON

HUANGHAI

BAN FRANCISCO

SINGAPORE

ADURANYA

SUNGEI PATÁNI

TIENTSIN

TOXXO

TSINGTAO

YOKOHAMA

Durriel Amounts opened in Local Currenty **and, Fixed Deposite recaived for and year or aborter periods In Local Currency and Sterling og ferma whlok will be quoted on application. Hong Kong, December T, 1981,

HONG KONG SAVINGS BANK.

The Dusion of the abors Bank is oondvated by the HONG KONG AND RHANGHAI BANE- ING CORPORATION. Rules may be obtained an appellom.

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION,

V. M. URAYBURN,

Chis! Mangw.

Hang Loog, 18th July, 1960.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Hong Kong.

Authorised Capital (H.H. Currenty)...#11,000,000 Fold-Up Capital ...... Kerr Fund w

BEANCHES:-

8,064,000 1,100,000

Danton, Shanghai, Hankow, Bestow, Bangkok, New York and San Francisco.

LONDON BANHERA ;—

The lalagd's Bank, Zimiled. CORRESPONDENTS

In all principal dilies of the World.

Feteign Exchangs and banking busin of

arney Emcriptions transacted."

Bale Deposit Boxsa (meique siams) sà a yearly

radial off from 83 a $40.

LOOK POONG SHAN.

Chief Mahagor.

THE BANK OF CHINA.

行銀 國中

od Deposits received for one year or REPUBLIC sharter periods at rates which will be quoted on application.

J. STUART,

Manager. Hong Kong, August 17, 1981.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCKETY)

BANKETS

Established 18.

Hong Kong Oo:-1, Queen's Bond CenLTA.

Authorised Capital uma Chuilliers 189,000,000. Paid-up Capital Quilders 88,400,000. Beserve Fuad

Galidere 40,915,000-

Load :-AMSTERDAM. Fastery Hoad 001-DATAVIA. Branches Band}armaala. Bradoang* Bombay,

Calcite, Oberibon, Djember, Djok jakarta", The Hagua", Jiddah, Kobe, Makmaar, Medan, Polecabang, Poin longan, Penang. Bangoon, v Balteniam", Semarang. Shanghe, Blagaporɛ, Boar bala, Surakarta (Balo). Tagal, T||latjup and Wsiteeredant,

• These oficos bera Bale Espoali Boxes to Lak,

LONDON BANKER::—

NATIONAL PROVINCIAL BANK LTD.

Corresponents all gyar the world. Banking Boal- Dove of every description, transacted.

A. STOKEINE,

Hong Kong, lat Ducasseber, 1931,

MIDIT

THE AMERICAN EXPRESS COMPANY. INC.

PORTO RICO STRAITS

URUGUAY VENEZUELA

Commercial and Travellers' Lettera

and Savings Bank accounts opened!

and

Commerce and Finance

BEGINS

THE TIDE

TO TURN

WORK FOR 150,000.

Plans for Factories In Britain.

MONDAY, FEBRUARY 1, 1932

SOME

INTERNATIONAL PROBLEMS

FRANCE AND U.S.A.

Gold Hoarders' Unhappy Plight.

The problems of international out delay. Let America and France finances and gold were

discuss stay out at their own risk! He ed by Sir George Paish, the well-suggested that the first duty of the known economist, recently.

conference was the restoration of The present situation, he said, security by the pledge of no more was the most critical in which the war. Then the question of the world had ever been placed. The complete abolition of reparation whole world was suffering from a debts should be considered. Next crisis that was without precedent, it would be a question of removing Every country was trying to be-all trade tariffs from every country. come self-contained, and that policy Britain must be prepared to give To-day the thoughts of business) All these are to commence work was proving of great anxiety to credit not only to her colonies but men In every quarter of Europe and in the south, and will employ a total Britain, which depended so largely to other countries, including Rug- America are largely concentrated of about 3,000 people.

ot exports for its economic existsia, where a supply of capital. would on one question: how to win a share So great has been the rush of ence.

mean a big impetus to trade. of the British market, which, open-foreigners for factories here that ed for generations to the whole biegars. J. Trevor and Sons, a well-not up to international form to deal three years all tariff barriers will

Statesmen of every country were

Spoon-Feeding Useless, "I am convinced that within world without let or hindrance, is known firm of factory premises spe- with the problem. They were still be broken down and the whole

on cialists and land agents, have had limited in their outlook to national. now going to be open only terms, says the News of the World to increase their own premises and problems instead of international said Sir George Parish, at another world will be really Free Trade,"

of January 3.

onea.

of the International Banking. Cor- the following:

problems.

staff to deal with the new business. Chambers of commerce, munici- They have provided a Belgian

meeting shortly afterwards. pal authorities, and estate agents in firm of surgical instrument makers

• American statesmen were still

It was of vital moment, he point- the great industrial regions are re-with a factory outside of London keeping to the consideration of ed out, that we should have an ex- SETTLEMENTS ceiving every day inquiries as to and another foreign firm with a their own domestic problems. What tremely efficient nation-one that

empty factories and sites for new paint and varnish factory at South-Wos

the position of America? was capable of holding its own in The barometer in every industry the most difficult of times. ampton. Already much business has been They are negotiating for two there was appallingly low. The

"The nations of the world," con- of Credits, Travellers' Cheques, Bills clinched, but it is nothing to the other foreign textile firms who want Steel Corporation was down to 28 tinued Sir George, "sooner or later of Exchange and Cable Transfers volume which is coming along.

milis near Manchester and Oldham per cent of its capacity, the far are going to realize that their fu bought and sold. Current accounts The golden tide hos, according to

They have provided a French mers were in terrible distress, and ture depends upon a change of Fixed Deposits in local and for- all appearances, begun to turn, and firm with a rubber factory at Coven- the prices for cotton, oil, and lead policy.

If my reading of the situa eign currencies takon at rates that soon will be running strongly in try and a perfume factory in an

left no margin for profit. may be ascertained on application to favour of the old country.

tion is right, the pressure put upón the Bank.

eastern country. These are only

U.S. Refusal.

the nations during these years of The manufacturers who are most a few. We are also able to offer our Cus-

Yet in such a situation America crisis will be so severe that they tomers the services of the Branches active in their factory inquiries are The Slough Trading Estate has refused to consider the suspension must eventually surrender, take Radio, chemical 35 new tenants, more than half of of the allied war debts, which was down their tariff walls, and start poration in San Francisco and Spain products, agricultural machinery. them being foreign firms making a relatively small matter, but which afresh on a level basis." Efficiency and also of The National City Bank toys, cotton and art silk, electrical products varying from leather goods would enble Europe to buy from was recessary if we were to have of New York (France), S.A, in Paris fittings, musical instruments, and and chemicals to dental supplies America. The income of America a fair chance of the prizes. Eff-

and engineering materials.

was down to about half what it had ciency in a nation as in an indivi- In the scent industry alone it is Americans Getting Busy. been in the

prosperous era a few dual was dependent upon charac- anticipated that six Franco-Ameri-| The Remington Rand Corporation years ago.

ter, and that was one thing which can firms will have their new fac-has decided to erect a new factory

we must build up in our nation. France, continued Sir George, THE BANK OF TAIWAN, LTD.tories going full blast in this in England for the assembly of

country within

ccnsidered she few typewriters and cabinets, and the position because of her gold re- next

was in a strong

Spoon-Fed People. months.

much Canton Rubber Company of Oblo, Some of the largest foreign manu-U.S.A., is to build a factory at Leeds proving to be of small importance ing our people to-day. He was The question of gold was about the way we were spoon-feed- Formous.facturers are holding their hands for making rubber gloves.

until they see what the next British One of the largest new factories compared with the question: Can afraid that that spoon feeding was she sell her produce? France, eapping the old independent charac- to come to England is the Wilson which he had recently visited, was ter of the race, "Sooner or later When they see it, we may safely Rubber Company of U.S.A., who in a desperate condition. The in- our people must learn to take care Bank-Notes lesued Average amount...en. 40,000,000 prophesy that many will hesitate have bought an

no langer, but will put their capital that will employ between 2,000 and come of her towns Was melting of themselves," he declared. He

and Nice.

F. McD, COURTNEY,

Hong Kong, June 16, 1931.

perfumery.

Manager.

(TAIWAN GINKO.)

HEAD OFFICE-Taipeh,

Incorporated by Special Imperial Charter, 1899.

Contral Bank in Forces,

DRANCHES AND AGENCIES: JAPAN-Toyo, Yokohama, Kobe, Osaka, FORMOSA diren, Kay Karenko.

Takso, Tamsul, Towa, Hoito, Taito. OHINA-hal, Hackow, Amay, Foochow

Swatow, Canlon, OTHERS-Hong Long Singapura Soebays,

Healung. Nalong. Hante, Balseks. Taichu, Tala,

York, Dil.

LONDON BANKERS;

the

Budget has in store for them.

the

existing factory

serve.

He was very

concerned

and brains into

AWAY. In Paris the hotels and thought that on the whole we had job of 3,000 workpeople. manufacturing on British soil. The London Chamber of Com-shops which depended so largely on been wiser than some of the other

This new form of competition merce is receiving an increasing

foreign patronage were empty.

nations, and we were now taking will put the British manufacturer number of inquiries from foreign

steps which had bean forced upon Statesmen in Great Britain apus.

We were apparently adopting

too.

Remarang Estarie, Bombay, Lonian, ha on his mettle, the prospects general-manufacturers for factories and peared to be unconscious of the the same policy that the rest of the ly opened up being of the brightest factory sites in Britain. Many of fact that there was a threatened world was adopting, on the lines for the British worker.

the inquiries come through trade breakdown of international credit that since all the world had become More work and wages, greater organisations abroad, but there are and world trade. By the imposifoolish we might as well be foolish increased use of power and trans- Chamber. consumption of raw materials, and frequent callers at the offices of the tion of duties on foreign goods Bri- tain was only aggrevating the port facilities are already resulting

"It was obvious, however, that These inquiries include an Italian situation which had arisen when in those steps would have to be re- from the Government tariff pro- firm that wants 40,000 square feet 1929 America took the disastrous traced, not only by us, but by the posals, which have compelled for- of space for the manufacture of dif- step of increasing her tariffs. eign manufacturers to come to Bri-forent Italian products, a French tain to make and sell their goods. fertiliser factory, an Austrian

Factory sites all over the country Indles' frock maker, a German firm an international conference with-parations abolished, inter-Allied Sir George stressed the need for 'to see tariff walls come down, re- have been and are being secured that wants a large factory for knit- by French, German, Dutch, Czech, ted goods, and a Swiss advertising American, and other arms.

tape works. A German wants a

Darvings Bank, Lid.. Lloyda Bant, Lid., Midland Bank, Ltd., Westminster Bank, Ltd.

Head Office: 65, Broadway, New York.

The Back Correspondente is all the principat Commercial Centree throughout the world. E. NAQURA,

Manager

special charter of The National Gov- ernment as an

Reorganized October 23, 1928, under

Capital

Surplus

Reserves

U.S.$8,000,000 U.S.$1,572,454 .U.S.$1,808,209

HONG KONG BRANCH,

5. Do Your Noad Contest. Hong Hong, Degeta bere 34, 1681.

INTERNATIONAL EXCHANGE

BANK.

BRANCHES:--

.$24,710,200.00

Amsterdim Antwerp Albans

..$ 8,820,609.32

Berllo

Darrtis

Bombay

Ikatan

Brussels

Gence Glasgow Havin Hamburg Hire Interlaken Jeruslate Lisa London

Hics

Napios

Picsous

Paris

Penang

Faking

Palacio

Rollarda

Roma

Buenos Air Cal

Lă rapool

Subscribed Capital .$25,000,000.00

Paid-Up Capital

Reserve Funda

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.

LAICOIDO Lugano

Сорев

Lutor Colombs

Marsillee Constantinople Monte Carlo Copenhagen Marlia Edinburgh Florace Ucp12

Stemma! Baanghal Bouthampton Singapore Si. Morlin Thentai Vianna

Yaulos

Munich Kanteaux

Yokoham

Kilan Branches of American Express Com-

Zurich

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

abroad.

Hong Kong, 6th March, 1981.

SHOU J. CHEN,

All classes of Commercial Banking Manager. Transactions undertaken.

Регкода] Investment handled.

THE YOKOHAMA SPECIE BANK, LIMITED.

Eatablished 1880.

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

Head Office:-YOKOHAMA Branches and Agencios at:

-Alexandria

Bateria

BerHa

Bombay

Calcutta

Canton

Changchun

Dairen (Dalny)

Hamburg

Nagasaki

Nagoya Newchwang

New York

Orake

Paria

Palping

Rangoon Tengen (Mukden) Bio de Janeiro

San Francisco Seattle Semarang

Hankow Harbh

long Hong Homolato Kat-Yuen

Shmona 1

Los Angeles

Singapore

Boerahaya

Sydney Tientaln

Tringtan

received for

De obtained

accoun.fa

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

E. W. DUGGAN,

Manager.

VICTOR RADIO SERVICE STATION.

All types of Radios, Electric Gramophones, etc., can be repaired by our RADIO EXPERT and AMPLIFICATION ENGINEER

at

TSANG FOOK PIANO lities with available factories and

COMPANY.

8, Des Voeur Road, Central. (Entrance Ice House Street)

Telephone 24648. ---

THE BANK OF EAST ASIA, LTD.

Extablished 1918.

HEAD OFFICE:

10, Des Voeux Road, Cant

HONG KONG

Capital and Surplus.

over L$ 8,000,000.00. Total Resources

over $80,000,000.00 Every description of Banking and Exchange business transacted.

...

Credit Essential.

whole world,

"I am hoping," added Sir George,

debts forgiven, and the whole buy- Ing and selling freely again, but I

great suffering."

AN INTRODUCTORY.

HISTORY by

A. EL CROOK. OBE. MA. W. KAY, MA. ASH

W. L. HANDYSIDE, MA, B.Sc. PRICE~$2.06.

NOW ON BALE AT THE PUBLISHERS

The Newspaper Enterprise Ltd. China Mall Offices.

BY SPECIAL

REQUEST!

AT THE

Still more firms will be coming to button factory, an Austrian an elec. local bodies and the proposed Na-am afraid it will not come without set up works and factories when the tric lamp and valve factory.

tional Development Association present uncertainty about tariffs is A large German firm has pur-have all the machinery ready to ended by a definite and final an-chased two factories at Walthamsasalst in supplying and preparing nouncement by the Government aa tow, near London, for the manufac-jall the needed information and ad- to what goods are to have a tariff ture of wringers and domestic vice. Authorities are prepared to placed upon them.

utensils.

apend money on local improvements, Amazing changes will be taking All parts of the country are bone-housing, wharves, canale, and other place in many industrial areas by fiting by this foreign invasion. facilities, and all that is now need- the establishment of new factories; Towns like Bristol, Birmingham, ed to impart high speed to the new but the changes are to be made in Wolverhampton, the Potteries, movement is a definite pronounce- an orderly way.

place on the Humber, the ment by the Govement on what Sir Horace Wilson, the chief in-Tyne, and Mersey, are being goods and articles shall be included dustrial adviser to the Government, sought as localities for the manu- in the tariff proposals: who was appointed some time agfacture of all kinds of the lighter to watch and assist the improve-jand luxury articles, and it is expect- ment of industrial organisation, has ed that no fewer than a half-dozen been keeping closely in touch with foreign perfume makers will be the situation.

operating in England within the Under his guidance various lóca-next three months.

While this big foreign invasion is sites have taken steps to bring taking place our own manufacturers their advantages to the notice of are not idle, and are taking steps to foreign manufacturers who want to reap the advantage of the changed ast up in Britain, while his advice conditions. has also been given as to the deve- A striking instance of this is the lopment of existing industries: paper-making industry, where since Under the patronage of Lord the imposition of tariffs five firms Derby a county scheme of deve- have given orders for several hun lopments is being carried out in dred thousand pounds worth of new Lancashire, and a National Deve-machinery for paper-making, lopment Association, in which will

Work in Sight for 150,000. be merged the Travel Association,

The foreigners are being wel- is to be formed on January 4. comed for the employment they will Some New Factories, give to British labour, and it is no The National Development Asso- exaggeration to say that work is ciation will have two main fund directly in sight for 100,000 to 180, tions, one to encourage travel from 600 sa result of foreigners everywhere: abroad to Britain, coming hore to make the goods they and the other to put foreign mann sell. All this implies an immense turers in touch with towns that amount of indirect employaient aria- have factories, sites, and commer- ing from the demand for an increas cial advantages of a character that ed quantity of coal and power and they ma require

all/manner of raw materials Ad

Mean

are settifrigi

Current and Fixed Deposit Accounts in local and for

purrencies opened for pilent ad fpelun Savings Account and Bate Depoalt Box

epartiment

Railway has

for

KAN TONG PO,

It has definitely settled which

Branches and Agencies "ll oter the works

count must also be taken of the greater road and rail transport and housing, and teavél facilities: s

Libe required for the workers

new industries:

country, are drive for

QUEEN'S

THURSDAY ONLY I

LIONEL

BARRYMORE CLARK GABLE

A FREE SOUL

NORMA SHEARER: