1932-02-08 — Page 2

THE

CHINA MATE:

MONDAY, FEBRUARY 8, 1932.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Expital zoomgumu $60,000,000 Trued and Pully Paid-up man. 10,000,000 Rosaria Fung■—

Elering ..........

£4,500,000

*** $10,000.000

Reserve Liability of Propristam .. $80,000,000

HEAD OFFICE, HONG KONG.

BOARD OF DIRECTORS,:~-~~-

Bon. X1, 0, 0, 8. Mackie, Chairman.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853

HEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund

.23,000,000 ..£4,000,000

Reserve Liability of Pro-

prietors

.£8,000,000

Agencies and Branches:

ALOR STAR

AMRITSAR

KUCHINO

MADRAS

W. II. Ball, Eng.

Bay,

.. Compton, Esq.

T. . . Shaw, Esq.

DATAVIA BONDAY

MEDAN

CALOUTTA

4. Mishla, Paq.

J. P. Warren, Esq.

CANTON

T. E. Tesrom, Ľug.

CAWNPORE CEBU

HAIOON

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

A. Plummer,

BANGKOK

MANILA

THE HO HONG BANK, LTD.

(Established 1917.)

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

Authorised Capital Straits $20,000,000 Issued Capital

8,000,000

Paid-up Capital

4,000,000

Reserve Liabilities

of Shareholders.

Surplus

4,000,000 2,087,000

ΣΜΟΥ

DANGKOK ΠΑΤΑΤΙΑ DOMDAY

CALOUTTA CANTON

ODEPOO

COLOMBO

DAIREN FOOCHOW HAIPHONO

HAMBURG

HANKOW

ПАДВІН

HONGLEW

FLOILO

1800

JOHODE

YOHE

KOWLOON

Chief Manager.

V. M. Greyburn, Esq.

BRANCHES:-

KUALA LUMPUR

LONDON

LYONS

KALACCA

MANILA

SUAI (Johor)

BURDEN

NEW YOR

PEPING

PKNANO HANOON

SATION

SAN PIANCISCO

SHANGHAI

SINGAPORE

SOURADYA

SUNDEI PATANI

TIENTAIN

TOKYO

TAINO1A0

YOBOHANA

Current Apunta opened in Local Currency and Fixed Dephalia Percived lux ons your o shorter periods In Local Currency and Sterling atform which will be quoted as application. Hong Kong, Deosenber 7, 1955,

HONG KONG SAVINGS BANK.

Burns of the aber Bank is conducted

by the BONO KONG AND SITANOHAI BANK- ING CORPORATION. Hufes may be obtained ⚫n application.

FOR THE HONGKONG AND STANOIAI BANKINO CORPORATION.

V. M. GRAYDUNN,

Hong Kong, 18th July, 1990.

Oblol Manager.

THE BANK OF CANTON, LTD.

Established 1912.

Head 0Bee:-Hong Kong.

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

19,085,000 1,100,000

DRANCIEZB:-

Canton, hanghai, lankow, Swalow, Bangkok, New York and Ban Francisco.

LONDON DANKB26-

The Llard's Bank, Limited. COLBESPONDENTS

to al prinsipi citise of the World.

Forgo change and banking bonnem

wrney donoripidou, Transacted,

Bali. Depois Basse (various sides) at a pearly

zontal of from 38 10 KA

LOOK POONG SHAN,

Chlef Manager.

COLOMBO

DAIBEN

HAIPHONG

[poll

NEW YORK

PEPINO (Pakjog) PENANG

BANDOON

BRMAJANG

SEREMBAN

SHANGHAI

SINOPORE

HITIAWAN SOURABAYA

TAIPING TIENTSIN

TOETS

Branches, Agoncies and CorreADION: dents in the principal cities of the world.

Every description of Banking 'aað Exchange badiness transacted.

TAN ENG HOOI,

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

Horribly degrading, said the

pedanta. They mostly made their

and livings by talking or writing clap

Commerce

Finance

THE DAY IS WITH HIM WHO CAN WORK WITH HIS HANDS

The very old driver of a very old driver, but he has an uncle who is, four-wheeled cab who used to take and this comparatively old gentle

when he Gladstone to the House of Commons man laughs like steam with some frequency once remarked drives his old acquaintances to "Work! Ciro's or the Embassy, and a new (of that great statesman:

disguises him com- Why, he's always at work. I would grown beard.

1 not have his job, no, not if it were pletely. five pounds a week."

says, are those Not always, he The salary named is interetinsg acquaintances with the wives of because divers, youthful and buoy their bosoms. He has even scen ant souls are convinced that we are them with "secretaries," conducted, Undivided Profita.U.S.$220,037,392 all coming to cab-driving-or its no doubt, to the mysteries of ragout equivalent. These young people do a la truffles a Parigord that they not know that the country is really may becomo more efficient in the going to the devil; but they realise addition of "two and two," and what very hard times are before us prove quite clearly to the share

holders that the total is five.

HEAD OFFICE: 55. Wall Street, NEW YORK.

Capital, Surplus and

DELHI

HAMBURG

HANKOW

HARDIN

HUNG KONG

11.011.0

KARACHI

TONGKAH (Dhukst)

FLANG

TEINOTAO

KUALA KANGSAR

YOKOHAMA ZAMBOANGA

CHILE

KUALA LUMPUR

Foreign Exchange

and General

KORR

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 BOCIETY)

BANEERS.

Established 1821.

News Kong Ace-II, Queen's Road Central,

Aubriend Capital Gulidem 150,000,000- Paid-Up Capital . Qulidə 80,009,000. Herr Fund. Ovliders 40.015,000-

Head Off-AMSTERDAM'. Eastern Naat 060* ;-BATAVIA, Bene:Bandjorniasia, Bandoong", Bombay,

Ontousta, Claribes, Djamber, Biol jakarta The Hagus, Jiddah, Kabo, Mukaanar. Medan, Patombang, Paks langan. Pass. Rangoon, Rotterdam", Semarang, kanghel, Siegapore, Boern bala. Borzakaria (Bolo), Tagai, Tiliakimp and Valterradio".

• Tase ofhone Lars Hafe Dapoels Bote to Lat.

LONDON BANKENS:-

NATIONAL PROVINCIAL BANK LTD.

Gorropondents all over the world. Backlog Bunk Dom of every descripilon transacted.

A. STOKKINK.

Hong Kong, let December, 1981.

THE

Manager.

AMERICAN EXPRESS COMPANY.

INC.

ARGENTINE BELGIUM BRAZIL

Branches in

LONDON MEXICO PANAMA PERU PHILIPPINE

"to

trap, or by drawing large suma

from property with which the in-

TINPLATES AND

TARIFFS.

fidelity of their female ancestors in The Effects of Dumped previous ages had rewarded some generations of loafers.

The idea that, any man actually should get money or fame by soiling

Steel

The validity of the argument that

his manicured fingers was abhor imports of dumped steel enable our tinplate manufacturers to compete rent to them.

In Paris, as most people know, more effectively in export markets princes and others who get their Was disputed by Mr. W. J. Firth, the chairman of Richard Thomas livings by the sweat of their, brows

Liake

excellent and Co., at the annual meeting on They abound.

December 18. The world demand maitres d'hotel and as

cocktail

for tinplates, he said, had declined. shakers they are not to be beaten. Some of them are commissionaires lower prices, which in turn destroy. owing to world conditions Bringing standing at the doors of hotels:

ed confidence, thus curtailing buying and men who commanded armies and causing further unemployment. now command pages and are experts Our present unemployment and the nt boxing their ears.

Even in London I heard quite re-poor demand he attributed to "lack cently of a well-born youth, brought of confidence in future values."

Protection against 'imports of up with the hope of getting into dumped steel, he argued, would save the Diplomatic Service, now tending

glad, since, in spite of this country's

a motor-park and glad of a sixpenny large sums in unemployment relief, increase 'the workers' spending tip. of an old acquaintance, but is rarely trade, in Mr. Firth's view, will not reduce costs, and provide Sometimes he looks after the car power,

more income-tax revenue. But world CHINA

all, and, like Mr. Snodgrass, they are now taking off their coats and

"Lots of fun at Finigan's Wake recognised. And for that he revive until the problems of re- COLOMBIA CUBA

intention announcing their

as the old Irish song observed. How terrible misfortunes and the plight parations, India, and silver are DOMINICAN REPUBLIC

could it be otherwise when all about it is in, snobbery is still rampant,nises that prohibitive begin."

solved, and until the world recog- SETTLEMENTS There's No Fun Like Work. INDIA

us are men and women, driven out and the man with a guinea continues

tariffs con- ITALY

Some of us may, indeed, come to of Eden by the Serpent of Exchange to despise him who has but two-and-tract business. Meanwhile, he con- JAPAN

conduct omnibuses and may punch and reduced to take any old job! Commercial and Travellers' Letters tickets for surprised passengers. that, happily, may come their way? of Credits, Travellers Cheques, Billa One young man of my acquaintance of Exchange and Cable Transfers has taken this step and is enjoying bought and sold. Current accounts

ISLANDS

PORTO RICO

STRAITS

URUGUAY

VENEZUELA

Savoy is be an ex-duke or merely

The cabman who takes us to the

віхрепсе.

Duchess or Parlourmaid?

siders, tariffs must be met by tariffs.

Since the financial year ended, he

It may be granted that the situa- said, the company had increased and Savings Bank accounts opened himself immensely.

a baron? The young man who sells tion is ephemeral and that a couple production at the finished end, but and Fixed Deposits in local and for- This gallant boy was brought up us wonderful ties (for which, of of years may see it out. Even then, conditions were worse to-day than eign currencies

taken at rates that to the law. His fond parents hoped course, we do not pay) may be heir this question of cab-driving may not in September, and unless improve- may be ascertained on application to that by sending him to the "Varsity to a baronet or a general's son. The be wholly settled. Many of us feel ment set in the results would again the Bank.

We are also able to offer our Cus- they would qualify him to keep quiet farmer, who subsists on his that the youth of to-morrow must be disappointing. He is hopeful, tomers the services of the Branches company directors out of prison and friendship for a few chickens and a be equipped with something more however, that the of the International Banking Cor- to save

tide will turn, pretty murderesses from convivial peghe once was a laird than Aristotle. He must be taught given some measure of protection poration in San Francisco and Spain the hangman's noose. and also of The National City Bank|

to use his hands. The chopping of for the steel trade. The board, he wood may become more important added, intended to put forward a than the chopping of logic. He reconstruction scheme at the ear- who can build a wooden hut and liest possible moment.

Unfortunate-

of New York (France), S.A., in Paris ly a common complaint interfered in Scotland and "on yonder hilla"

and Nice.

-F. McD. COURTNEY,

Hong Kong, June 16, 1931.

Manager.

(TAIWAN GINKO.)

HEAD OFFICE:Talpeh, Formoss.

Incorporated by Special Imperial Charter, 1890.

with that final examination which is necessary to the performance of. these works of mercy.

his father starved his flock.

By

Sir Max Pemberton

Father went off the gold standard and hawk-eyed gentlemen from the THE BANK OF TAIWAN, LTD. East bought up the family portraits for about a quarter of their real worth. So Antonio—that is not his; | name came right up againt this wicked world and he found the bump most unpleasant. The Cabman Sees All

In turn he was assistant in a garage, a night packer of goods during the Christmas rush, FORMOSA:-Gir Hag!, Karenko, Keelung. an omnibus conductor, and, latterly, Nakong, Nant, Ablochiku, Taleku, Talan, the driver of a private motor-coach Takan, Tammel, Toon, Haito. Tallo, CHINA-Shanghai, Hankow, Amor, Foobaw. which conducts Americans to West-

Swatow, Canion. OTHERS:-ong Kong. Singapore,

Sourabaya,minster Abbey and thore tells them, Semarang Dalaris, Bombay, London, Now through a "megaphone, all about kings and adds certain facts con- cerning cabbages.

This good fellow (doing very well, I am glad to say) is not a cab-his records.

Central Bank in Form. Bank-Notes insund Average amount ...Yen, 18,000.000 motor

BRANCHES AND AGENCIES1 JAPAN :-Toyks, Yokohama, Koba, Onika,

York. Darco.

LONDON BANKERY:

Barclays leak. Ltd., Lloyds Bank, Ltd.,

land Bank, Lid, Wosialaster Bank, Ltd.

The Bank has Correspondents in all the principal Cummorial Centros throughout the world. K. NAGURA,

THE BANK OF CHINA.

行銀國中

Head Office:65, Broadway, New York.

Mapaçar.

HONG KONG BRANCO,

5. Don Vaux Road Contral. Hong Kong, December 3, 201

Reorganized October 28, 1928, under

Capital

special charter of The National Gov- ernment as an

Surplus

Reserves

.U.S.$8,000,000 .U.S.41,872,464 .U.S.$1,903,209

INTERNATIONAL EXCHANGE-

BANK.

BRANCHES:-

Subscribed Capital

.$25,000,000.00

Amsterdam ATAWAD

Gezon Glargos

Nico

Kapla

Pald-Up Capital

.$24,710,200.00

Athena

Roserve Funds

.$ 3,820,503,82

Barilo Binerita Barbe

HEAD OFFICE: SHANGHAI.

Dre

BAYA Hornburg Havre Interlakea Jurutalert Lido

Piraeus

Patie

Poking

Brussia

L

Busson Áron

HONG KONG BRANCH:

Cairo

Canber

4, Queen's Road Central,

Owing to our numerous branches in China and large connections in the important commercial centres of the world, wo are able to extend to our clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds and other Public Funds of the Chin ere Government both at home and abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

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

Yen 116,200,000

Head Office: YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay Calcutta

Changchan

Dairen (Dalny)

Nagasaki

Newchwang

Nagoya

New York

Osaka

Pelping Rangoon

San Francisco

Seattle

Fengtien (Mekdon) Rié de Janeiro

Hamburg

Hankow

Kong

Harbin

Ka-Yuen Karachi Kobe

Bemarang. ** Shanghal

Shimonoreld Blogapore Boorabaya

Bydney Tientaln Tokyo?

"allowed""" on

received for

London

Los Angeles,

Liverpool

Luceros Lugins

Laxor Calomba Macaillon Constantinopla Monte Carla

Copenhagen Manila Edinburgh

urance Go90TL

Mualch Moniroux Alan

Palermo Botterdam

La Benbowl Shanghai Bouthampton Singapors Rt. Morita Tioutzin

Viscida Venice Yokohama Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personai investment accounts handled.

The Company offers to intending Travellers the use of Its "Travellers Cheques" and Letters of Credit and, In addition, the world-wide services of 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

COMPANY.

PIANO

8, Des Voeux Road, Central. (Entrance Ice House.Street) Telephone 24648.

Introduces New Socony Motor Oils.

live in it contented may find himself better off than his neighbour who "axes" trees better than wood.

CARRERAS, LIMITED.

Report of the Directors.

The Amirable Crichton of the workshop and the factory may be in much demand. And oven our squawa may be more precious to us

The directors of Carreras, Ltd., if they can shoot rabbits for the pot in submitting their profit and loss and new fig-leaves with precision.

account and balance sheet for the

You may run on and the Red Book meets you at every turn. The day is with him who can work with his hands. The pedant is nowhere.

Here is irony, for those mere To-day, poor dears, they are get-j year ended October 31, 1981, scholars have always despised ting rather weary of trade. They stata:- manual labour and have not hesitat- also long to drive cabs. Dress-shops The amount to the credit of ed to express their contempt for it. go to Carey Street and antiques profit and loss, as shown by the Many years ago there was put up sometimes to the Jews. What is a account sent herewith is £1,826,670 for a famous club a well-known woman to do except to look beauti- 178. After deducting 32,325 148. pioneer airman, a charming person ful?

id. for the depreciation on bulld- and a man

of many accomplish- Alas! Even the beauty-market taga, plant, etc.; $10,000 reserve ments. He was rejected because has come tumbling down and the for Huctuations in somebody had heard that he actually rich American, should there be any,

41,000 directors' fees; and $5,840 worked with his own hands on the is beginning to ask if a clever parannuation fund, there is a balance 178. 4d, contribution to staff super- 'planes with which he accomplished lourmaid would not be of more use

to him than a duchess.

petroleum centres

exchange:

available for distribution of £1,777,611 28. 7d., which the direc tors proposa to appropriate as fol lows:-Dividend on 6 per cent.

To

STANDARD OIL CO. mand crude oils from all the great of the American Automobile Ass Cumulative Preference Shares to of the country. ciation, showed that Socony Motor June 19, 1981, already paid £8,000. After hundreds of laboratory tests Oil refuses to decompose or break Dividend on 6 per cent. Cumula- they selected a crude from only one down even under abnormally high tive "A" Preference Shares to field as having the natural proper- engine temperatures. ties desired. Then they inspected In another teat, sea-sleds

June 19, 1981, already paid, £8,000. 17 different refineries owned by operated at tremendous speeds of tiva "g" Preference Shares to were Dividend on 7 per cent. Cumula- Socony and its subsidiaries, and to ten hours continuously. Only one June 19, 1931, already paid, The Standard Oil Co. of New one they gave the responsibility of quart of oil was used during the $14,000.

refining the product so that it would period.

Interim dividend of 18 York introduces new Socony be at all times uniform no matter "Removal of all wax from Socony ary and "B" Ordinary Shares, paid per cent. on Ordinary, "A" Ordin- Motor Oil. which is manufactured where sold. In this refinery they Motor Oil" says a Socony repre- June 19, 1981, 4265,734, 158. from a 100 per cent. paraffin base worked for months experimenting, sentative, "is bound to result in pay a further dividend of 20. per testing, checking and rechecking-quicker starting on cold mornings, cent. on Ordinary, "A" Ordinary crude and has been dewaxed. This before they adopted the product that instant lubrication at all tempera and "B" Ordinary Shares (mak- oil has recently been introduced in was to undergo the gruelling tests tures, greater penetration to working, for the year ended October the U.S. and within six weeks after of the proving grounds.

ing parts, and positive protection 81, 1981, 85 per cent. less facome against its introduction there are several

friction wear, Natural tax), £364,315.

To provision for hundred thousand enthusiastic con-

When they had perfected an oil qualities of the oil provide perfect Income tax, etc., £32,545 168. to that would pass the severest labora- piston seal, thus preventing crank carry forward to next account, sumers. It has been thoroughly

tory tests, they put it into actual case dilution and Increasing the and to provide for accrued divi tested in every conceivable way in use more devastating than the or-

power developed by the engine, dend on preference ahares the laboratories and on the proving dinary action of an automobile en-

"By the special: Socany altering £1,104,918 Os. 7d. grounds of the Standard Oil Co. of gine could possibly be. They sent process, all tendency to form sludge New York and it has already been it nearly five miles Into the air other harmful motor deposits is tested by many consumers in Amer-they sent it out to sea and, in three the tests. of hundreds of thousands Our tests prove and with excellent results. The different motor cars, rolled up near- Standard Oll Co. of New York is ly a year's mileage in less than now ready to start a large distribu- week.

ica

Official Testa Made.

eliminated.

of motorists prove that the now Socony Motor Oil is an all-round lubricant, providing not just the outstanding virtue, but all of the qualities that motorists have looked for in an oil."

U.S. STEEL TRUST ORDERS.

Less Than 3,000,000 Tons in Hand.

States Steel Corporation at end- Unfilled orders of the United

November announced fa Wall Street-amounted FAMOUS HUNGARIAN HATTERS tons, as compared with 8,119,000 싶다 2,984,000

GO BANKRUPT.

tons at end-October last and 8,640,000 tons at end-November,

tlon campaign, and it is possible to | The aeroplane test was to deter obtain the new Socony motor oil at mine the free-flowing quality of the many places in Malaya, since their oil at frigid temperatures. All wax large organisation makes it possible had been removed In the refining for their products to be distributed process, not only the ordinary wax to many dealers.

but the amorphous wax as well. It In the new Socony motor, oll, a is wax that makea-an' oil flow slow- Socony representative points out, a }·ly in" cold weather and it is wax distinct and deliberate attempt has that makes it thin out and lose its Among the many cases of bank-1980. The decrease on the month been made for the first time to body in hot weather. A

ruptcy in Budapest aince the crisis is 185,000 tons. This is the first develop an all round lubricant within the aeroplane test an altitude in the Summer, is that of Porf and time that the tonnage on hand has a complete list of qualities most of 20,200 was reached and the Son, hat makers to the royal family been under 3,000,000 tone since the

THE BANK OF EAST ASIA, LTD. desired under all motoring condi- thermometer registered 38 degrees and the aristocratie, society of Anal quarter of 1910. US, Steel

'Establishda* 1918

HEAD OFFICE"

10, Des Voeux Bond, Central. HONG KONG

Capital and Surplus® Total ResourNCOM

over HJ 8,000,000.00 ♫ over H$20,000,000.097/ Every description of Banking and Exchange business. tranasoted/

Current and Fixed Deposit Accounts in local and for-

currencies opened for cllanta fe domoj Savings Account and Büfe Deport Bazea. Bramhen andí Agencies all over the world.fo.

KAN TONG PO,

tions. Instead of developing a below freezing. Photographs taken Hungary. The firm of Pork was Common fell to a new low record particular quality which might make at this altitude and at this tempera- founded in 1818 by a member of price since 1815, in which year the a catchy advertising phrase posture show that the oil, still flowed one of the oldest patrician familles corporation passed its dividend.

of Budapest. In 1867, when the Mr. Andrew Mellon, Secretary of sible, the engineers, chemists and freely. lubrication specialists of the Stan-In order to test the uniformity Emperor Francis Joseph was crown the Treasury, predicts that the 1982 volume of industrial produc dard Oll Co. of New York sought to in the flow of the oil at high temed King of Hungary, Mr. For WA tion will be 15 per cent, above the attain an ideal motor of one perstures, and its ability to with called to the palace, as the croisting, level. Wall Street, never

over

that would actually give quicker stand intense heat, three auto was found to be 2% inches too large starting, instant fibrication, greater mobiles were driven around the for the Emperor's head, and a lining theless, is not optimistic regarding

gaso-Indianapolis Speedway continuously of gold brocade was inserted to an increase of 15 per cent,

red alghts make it it. The crown of of only 26% per cent.

the existing steal mill dilution, for five and one half

500 miles Stephen is extremely heavy, and of The United States Stool ter quail, for, a ito distance

olent

with

ori» ! testu-made, under:

the night before the coronation of

he firm and son-

ries: Mr. sar, the then AW OF Mr. Bord was asked by Queni Zita ito provide a storm-bands of (Bobcada to prevent the

slipping during the cèrn

stock divi

Tuesday in

Plast

7