1932-02-02 — Page 2

THE

CHINA

MAIL.

BANKS

HONG KONG AND SHANGHAI

· BANKING CORPORATION.

Alien Capital

-$850,000,000

Tarved and Fully Fuldaş «........... $3,000,000 Bar Funda-

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

THE HO HONG BANK, LTD,

· (Established 1917.) HEAD OFFICE:—SINGAPORN Hong Kong Branch: 13, Queen's Rd. C.

Authorised Capital” Strafts $20,000,000 Issued Capital

Blerting ......

W. E. BALL, Esq.

A. IL. Comp, Esq.

G. Mişkin, Tag:

#6,300,000 $10,000.000

8,000,000

Paid-up Capital

4,000,000

Reserve Lisbilities

HEAD OFFICE: LONDON.

of Shareholders Burplus

4,000,000

H

2,687,000

Paid-up Capital

Reserve Fund

...

Reserve Liability of Pro

prietors

„£3,000,000 .£4,000,000

£3,000,000

Branchos, Agonciés and Correspon- | deute in the principal cities of" she

world.

ALOH STAK

AMRITSAR

Agencles and Branches:

IUCHING

MADRAS

MANILA

MEDAN

PERING (ing) PENANG

Mourvo Idability of Propelators $30,000,000 EIBAD OFFION: HONG KONG,

BOLED OF DIRECTORS:-

Han. Ve. 0. G. 6. Machia. Chairman.

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

T. E Posten, Eng.

MOT BANOSOX

MATAVIA

J. A. Plummer, Esq.

T. H. B. Shaw, Bay.

I. P. Warren, Esq.

Chiet Manager,

V. M. Draybaro, Reg

BRA NOTES:-

LONDON

НАМОКОК

BATAVIA BOMBAY

CALUUTTA CANTON CAWNPORB GEBU

COLOMBO DAIREN

DELHI

HAIPHONG

HAMBORG

ILANKOW

HARBIN

NEW TORE

BOMBAY

LYONS

MALACCA

CALCUTTA

GANTON

MANILA

MUA)

BURDEN

CELLPOO

COLOMBO

DAIREN

POOCHOW HAIPHONG

KAMBURO

BANKOVE

HARBIN

ROXIEW

HAILO

год

JOHOBE

KOBE

KOWLOON

KUALA LUMPBE

NEW YORK

PEIPINO

BAN PRANCISCO

PENANO

RAXUOGN

BATOON

SHANGHAI

SINGAPORE

BOURADYA

BUNGEI PATANI

TIENTS IN

TORTO

TRINGTAO ХОКОПАМА

Ceren courts opened in Local Currency and Fixed Deponke received for one you e adrine gerinde in Local Currency and Barling form which will be quoted on application. Rog Kong, December 7, 1987.

HONG KONG SAVINGS BANK.

The Business of the shots Bank, la condunted

by the HONG KONG AND SHANGHAI HANK- INO CORPORATION. Bules may be oblať pod em seplication.

FOR THE HONGKONG AND SHANGHAI BANKING OORPORATION,

V. M. GRAYDUEN,

Chiad Manager.

Heng Long, 15th July, 1980.

THE BANK OF CANTON, LTD.

Established 1912,

Head Office:-Hong Kong. Authorized Capital (EL.X, Currency] ---$11,000,000 19h-Up Capità) septem

8.005,000 £100,000

BRANCHES (–

Denton, Shanghai, Haakow, Bwalow, Bangkok, New York and San Francisco,

LONDON BANLEES?—

The Lloyd's Bank, Lamiiad. QÓRRESPONDENTS

In ali pelodijai afiles of the World

Fuelga Hanhange and barking" bortness of

tenoription tranmoted.

Deposit Bones (garkana slzer) si a prezly

undet af from 65 to 40

LOOK POONG SHAN,

RANGGON

XATOON

SEMARANG

SEREMBAN

BHANDMAI

SINOPORK

HITIAWAN

SQURABATA

TONG TONG

TAIPINO

11010

IPCH

KARACHI

ILANO

KOBE

KUALA KANGSAR

KUALA LUMPUR

TIENTATN

TOKYO

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

-Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Prosta.U.S.$226,037,892

Branches in

ARGENTINE

LONDON

TONGKAI (Phuket)

BELGIUM

ΤΡΙΝΟ ΤΑΟ

MEXICO

YOKOHAMA

BRAZIL

PANAMA

ZAMBOANGA

CHILE

PERU

CHINA

PHILIPPINE

General

COLOMBIA

ISLANDS

COBA DOMINICAN

REPUBLIC

INDIA

INDIA ITALY JAPAN

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travellers' Letters

Foreign Exchange and

Banking business transacted.

Current Accounts opened and Fix.

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

J. STUART,

Manager.

Hong Kong, August 17, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(HETHERLANDS TRADING SOCIETY)

DANKERS.

Established 1934.

Hong Kong CRce :-), Queen's Road Central.

Authorleed Capital

Paid-up Capital

Bowerre Pued

Galdera 150,000,000. Oulldara 80,080,000. Guildein' 40,018,000-

Head Often-NSTERDAM". Eastern Food Ojos ---BATAVIA,

Branches-Bendjermadio,

Bandowng", Batube7. Calcutta, Oberibon. Diamber. Djo {akaria", The Hagua", Jiddah, Riba, Vassar, Medan. Paletzteng.

Logan, Penang, Rangoon, Botterdam", Semarang, Bhangha), "Bingapur, Bourn bais, Bonenkarte (Sada). Tegal, TE=jap and Walterradan",

• These offices kara Bile Deposit Bonus to Lat.

LONDON BANKERS J---

NATIONAL PROVINCIAL BANK LTD,

Correspondents all over the world. Barking Buske now of weary description szazsacied.

A. STOXKINK

Hong Kong, at December, 1.

THE

Kunnger

Chief Manager. AMERICAN EXPRESS COMPANY.

THE BANK OF CHINA.

行銀國 中

Reorganisat October 26, 1928, under

special charter of The National Gov ernment 48 an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital ..$25,000,000.00

Paid-Up Capital

Eeserve Funds

HEAD OFFICE: SHANGRAL

ING.

Head Office:-65, Broadway, Now York.

Capital....... .U.S.$6,000,000 Surplus

U.S.31,572,454 Reserves

..U.S.$1,908,209

BRANCHES-

Mic Napice

tebo Olayo

Татаро- Hatzburg Havi Interlaken Formalem Lida London

Piraeus Paris Penang Poking Palermo Rotterdam Stana Stamboul Bhanghai Boubra kom

-$24,710,200.00

Ámalarda

Aibana Beale

.8 3,820,558.82

Berlin

Blarelis

Bombay

Braman

Brussels

'Demos Aires

Liverpool

Dalto

Luderza

Call24

Lurato

Luzo Marvellan

Constantinopla fonte Carlo

Copenhagen 'Ellsburgh Florence Grove

Viazza

Maulch Koobycz

Venlo Yokohama Zwielob

+

HONG KONG BRANCH:

2, Queen's Road Central,

Owing to our namerous branches in China and large connections in the. Exportant commercial centres of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges. 3 We also handle the issue of Banda: and other Pablle Funds of the Chin (nee Government both at home and

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Cetines

Colombe

الجديد

Singapore St. Morile

Tintain

Branches of American Express Com pany in Principal cities of United States of America and Canada.

Personal Investment accounta handled.

PORTO RICO

STRAITS

HONG

!

and

Commerce

Finance

KONG TIN PAY 10 PER CENT.

CAN FACE THE FUTURE WITH

CONFIDENCE.

TUESDAY, FEBRUARY 2, 1932.

"TO BUY RUBBER

SELL SHOES”

AND

MR. BATA IN SINGAPORE.

No Decision Yet to Build Factory.

"At every place in the East I) about a factory I must study the have been I have seen thousands of country and its condition. It is people walking about without shoes. quite possible that I will build a I have been told the reason is that factory in Singapore because there they cot afford to buy them. I is prenty of rubber there. But what am going to encourage the wearing about cotton and snakeskins?I of rubber shoes and manufacture need both and in large quantities. Presiding at the third annual 90% acres therefore remained, in and sell them at as low a price as Wool I want, too.

The East's Millions. general meeting of Hong Kong Tin, addition to 196 unprospected acres possible."

This was the statement, writes a "In Czecho-Slovakia we sell thou- Ltd., Mr. W. Arthur Addinsell said comprised in the original mining

lease. Further, they had obtained Straits Times reporter, made to me sands of pairs of cheap rubber shoes that, under restriction, the output an option to prospect for tin over by Mr. Thomas Bata, the Czecho- and before I began this trip I for the year covered by the accounts approximately 250 acres; and when Slovakian shoe manufacturer, when thought that if we could sell thou was 904 tons, which realised a the land was surveyed the area final- he arrived in Singapore recently by sands in Czecho-Slovakia, what average gross price of £82 13. 44.

was increased to 348 the Dutch air mail from Batavia, could we sell in the East with its per ton of ore.

ly selected The net proût, after acres. Thus it would be realised His arrival was most unexpected millions of people? I have payment

of Government royalty that the life of the company might and there were only two people out India and intend to build a factory (£8,148) and amortisation insurance well be considerably extended.

at the Air Base to meet him, Mr. Fin Calcutta But Singapore? I Was £24,262,

Bata's premium (7,570),

manager for have mae no definite decision yet. The managing agents advised Robitchek, equivalent to approximately 16 per that next year, for some months, Malaya, and myself.

"I brought out with me three cent. of the working capital, and, the dredge would have to be turned Seated in the motor-car taking us leading members of the export while it was only about half the round. The bores indicated that into Singapore I asked Mr. Bata branch of the firm. I have left amount earned in the previous year, lower-grade ground would be pass-what truth there was in the story them in Batavia to organise shoe the reduction was entirely due to ed through, and dredging operations that his visit to the East was to sales in the same way as Mr. Robit- the fall of over £40 per ton in the might prove unprofitable during establish a shoe factory in Singa-chek has done in Malaya. If they price of the metal The financial that period. Everything depended pore.

report that the sales warrant the position would justify the payment on the actual value of the ground

"I am here," replied Mr. Bata, building of a factory. It will be done.

seen

of Credits, Travellers Cheques, Bills of a higher dividend, but 10 per worked and the price of tin, but he "to buy rubber and sell shoes. Be-But this, of course, is looking a of Exchange and Cable Transfers cent per annum in these times indicated the exact position so that fore I make any definite decision long way into the future:" bought and sold. Current accounts should be considered highly satia-shareholders would understand any and Savings Bank accounts opened factory.

falling of in output during those

eign currencies taken at rates that

MAKING MODERN ROADS.

Increasing Use of Machinery.

Up-to-date Machinery.

and Fixed Deposits in local and for- At 1.67 lb. the average yield per months. They need not be porturḥ-

Of interest to the civil engineer, may be ascertained on application to cubic yard was only a decimal pointed, however, for the directors were the Bank.

less than in the preceding year, advised that the bores further ahead

engaged town Improvement We are also able to offer our Cas-while the cost of winning it was indicated much richer ground.

schemes, whether in Britain or abroad, are stone breakers and chip- tomers the services of the Branches redced by exactly id..per cubic yard. of the International Banking Cor-

The chairman concluded by quot-j

ping breakers, road surfacing poration in San Francisco and Spain During the year an area of 11.88 ing the following paragraph from

materials for both hot and cold ap- at the surface, the general manager's report, just and also of The National City Bank acres was broken of New York (France), S.A., in Faris and, after making the

plication, stripped bar for rein- necessary received from the mine:-"There and Nice.

allowance for paddock slopes, the are few tin mining companies in THE CONCRETE AGE.

forced concrete, hydraulic tipping low-loading mean effective ares worked out was the world which can face the

waggons, portable Since tho 9.05 acres.

oxygen machines for cutting steel The industry of quarrying will rails and joists, lifting tackle, commence-future with such complete confid- ment of operations 18% acres had once."

have a section of its own at the'

pneumatic drills for breaking up been worked.

The report and accounts were British Industries Fair at Birming-

concrete and macadam, continuous on unanimously adopted, and a final ham (February 22 to March 4). working power-driven hand spray The specially selected aren THE BANK OF TAIWAN, LTD. which the prospectus estimates were dividend of 5 per cent, making 10 Big development schemes, and road-

Ing machine for bitumen, a variety A balance of per cent. for the year, was declared. making and road reconstruction, of dressing and compounds for based-was 109 acres.

which, in recent years, has been surface dressing without parallel in the modern his various types of artificial stone and grouting,

Manager.

F. MED. COURTNEY,

Hong Kong, June 18, 1981.

*

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial TARIFFS A TEST

Charter, 1899.

Central Bank in Formosa

Bank Note istund Aracngs amount ...Ïan, 45,000,000 DRANCHES AND ADENCIES: JAPAN Toyko, Kokobama, Kobe, Daha FORMOSA

Bagh Karanko, Kalung Makong Nanto, Balachiku, Taisha, Talasa, Takso, Tarauf, Toom, Hello, Taito. CHINA-hanghai, Baskow, Amay Poschoss,

Elwstow, Canton.

OTHER:Hog Kong, Singapore, Bombays, Semarang, Batavia, Bombay, London, New York. Balzan.

LONDON BANKZES › Barclays Bank, Ltd, Lloyds Bank, Lid

Midland Bank. Lid., Westminster Bank, Lid.

EFFICIENCY.

Major Colville on Export Trade.

OF other great industry. "I cannot yet tory of Great Britain, have given a work, and mechanical equipment disclose the name of the industry great impetus to quarrying. This ranging from oil driven and steam also led to re-driven road rollers to excavatora, but it has been working out a development has scheme in conjunction with the markable advances, not only and from berment mixers to auto- Overseas Trade Development Coun- quarrying machinery, but in-road-matic pumps and automatic traffic

{making equipment. cil, and I hope that with Govern~

Indeed, the

signals. display will be almost unique in ment support the appointment will respect of its size and representá- shortly be made."

"The world is a hard place to sell tive character..

The phenomenal increase in faut in to-day. Lack of, confidence, ex-

A definite advance in design and construction has been made in a new concrete mixer. The automatic loading hopper is operated by an

wire ropes, pulleya,

Major J. Colville, M.P., Secretary/change difficulties, restriction of all road trafic, especially with the hydraulic oil ram instead of the

of the Department of Overseas kinds, hinder export trade. Great heavily-laden long-distance express customary

road which must fulfil many hard clutches and brakes. The loading

Trade, spoke on Britain's export Britain will play her part in world bus, has called into being a type of The Back as Corpondenta in all the principal trade at a meeting of the Sheffield reconstruction.”

Commercial Centres throughout the world.

K NADURA,

HONO HONG BRANCH:

8, Dan Vimax Road Central. Hong Kong. Desember 2, 1581.

Manager.

Chamber of Commerce,

In an earlier reference to the conditions and, for the production hopper has a pronounced vibratory "The Government," he said, "has possibilities of the Eastern markets, of the necessary materials, highly action and there is a clean discharge Major Colville said: "China, with efficient mechanical plant, fixed and into the drum. Traffe-signals and

un.

set about the task of restricting its 400 million inhabitants must, be- portable, has been designed. The new and distinctive types of street excessive imports: that is doubtedly a wise move, but it deals fore so very long, rid itself of its thorough drying and correct heat lighting, with gas and electricity,

the with only one side of the balance. internal difficulties, Nothing caning of the stone, which is essential give an added interest.

tar, is The home market is of great import hold back very much longer the in- before mixing with

evitable force of social and com- assured.

BRITISH EMPIRE BUILDING. Stonebreaking Apparatus. ance, an importance which must never be forgotten. But as we have mercial progress in that vast ares.

Quarry owners are fully alive to A British syndicate, headed by the value of effective stonebreaking Lord Southborough, has signed a The following unclaimed tele to import so much raw material and We must take the long view and be ready to play our part in the grams are lying at the office of foodstuffs we cannot be prosperous economic development of China apparatus, and makere have brought 30-year lease for the British Empire the Great Northern Telegraph without the development of our

when the opportunity arises." Company (Limited) of Den. export trade. mark:-

UNCLAIMED TELEGRAMS.

Shanghai.

Stanzwelb, from Tokyo.

this test..

INCOME-TAX REBELS."

screens

out efficient portable machines with Building to be erected in the heart

and loading bins. A new of New York, type of hammer crusher is shown It will be built at the corner of for the first time. Instead of the Fifth Avenue and 50th Street, ond material being crushed by the direct of the most valuable sites in the | blow of the hammers, as is the usual city, which was bought by Mr. Medes and Must Pay When They Come Out practice, it is broken by impact with Rockefeller, who offered, as

Of Prison.

ΖΟΥ

a

"Obviously, I must not forecost Abramof, Hotel Cecil, from the Government's policy in the mat- ter of tariffa, but I should like to sound this note, Duties are like the laws of the F. V. JENSEN,

Persians-unalterable. They may

the beater bars, against which it is friendly gesture to Great Britain, to Superintendent. be applied for the purpose of co-

flung with force by the rotating erect a building which would allow Hong Kong, January 27, 1982.recting the trade balance, but their

hammers,

British merchants to show their incidence, and continuance must also There are eighty-four persons in

The primary object in developing goods and transact business in be justified by the test of efficient prison to-day for non-payment of this principle was to design a cagentially British conditions. production both for home and ex-income tax, says the Sunday Ex-crusher for the production of cubical The building will not be a sky- Teleturors ought to be able to rise to "Nearly 4,000 persons were im-low rate of speed and thus reduce shops, showrooms and possibly

port markets. British manufac-press of January 4.

chippings which would work at a scraper, and will comprise offices, prisoned last year for all forms of the wear and tear. The speed Is apartments for British people. House, It was the Government's earnest debt," an official of the Prison variable according to the size of

from desire

that the pound sterling Commissioners said, "but 1,010 broken product required, being 850 should bear as high a value as was were released when they paid after rp.m. for breaking gravel to in ALEXANDER Kow-economically possible.

a few days. conomically a buyers who are the total of those imprisoned The No. 8 ale house INSTITUT

size an outpat of from holding back in the belief that the for income tax throughout the year consumption of 25 bhp. DE BEAUTI

pound will drop further may well was one of the lowest, on record.? 3333 and that they have failed to back Defaulters can be sent to prisan A practical demonstration in the winning horse.

for from one to forty-two days--but ward for the use of far in the contradding

given of the various claims put for

5169

The particular problem of no longer. obtaining sterling remittances The usual period of imprison-point is made of the tarred road Hong Kosis Motel.

struction of our roads.. A great Opposite Bateanco in payment for our export ment, even in the case of large being the date road owing to its ed goods,

being very sums, is from seven to fourteen non-skid properties. In order that w seriously considered by the days.

Visitors may have an opportunity combine on a common trade policy But the sentence does not clear to study the merits of tar for road we can face, world competition in the debt. The income tax author

Cany hondos making, the base of the stand is re export trade with confidence and ties can proceed

Our composed of various types of tarred velantom equanim

the debt

SHOU J. CHEN,

The following unclaimed talo All classes of Commercial Banking grams are lying at the E.E. Manager. Transactions undertaken.

graph Co.'s office..

J. M. Ioriofili, Savarin Hankow Road, Kowloon, Shanghai, v

Lydia Neil, Kowloon Hotel, loon, from Manila.

Toronto, Ont.

Bwatow Trading Co.,

C. C. CLARKE

Manager Hong Kong, 28th January, 1988.

Established 1880.

The Company offers to intending Travellers the use of its “Travellers Cheques and Lotters of Credit and addition," the world-wide services equipped Travel

DUGGAN,

sítal (fully paid-up) Yen 100,000,000 || Departm

Yen 118,200,000

OYOKOHAMA.

kee "and "Agencias 'uti

"Nagúakl

NOWCAWARK

(Dalny)"

Pelping

fukden) :: Rio de Janeiro

nólaco

r

THE BANK OF EAST ASIA, LTD.

Establimbed 1IL

HEAD OFFICES.

10, Des Voeux Road, Central.

HONG KONGA

Capital and Surplus

·Total Reso

8,000,000.00)

000,000.00

ring to the forthcoming Im

Colville

said:

Cam face world:

trade with confider

the

rials.

Concreto:

BAAVIS

EXTRODUCTORY

ription of Banking and Exchanges business

PO

for