1932-02-18 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autland Capital Fraud and Pulls Paid-up

Koverta Funda :-

----------- $60,000), DDS ....... 36,000.00

Barling......£1.50,000

STAT

** $12,000.com

Bacare Liability of Propriators #30,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORA:—

Lon. Mr. C. O. B. Mankia, Chairman

Kos. Mr. J. J. Paterson. Deputy Chairman

W. II. Ball, Esq.

A. 11. Compton Ent

A

T. E. Peuros, Kary.

Miskin, Emy.

BANGKOK

ZLATAVIA

EX MIDAY

CALOUTTA

CANTON CHEPOO

COLOM BO

DAINEN

HOW

HATPHONG

TEAS BUS

HANKOW KARDIN HONGREW

JALO

¡POR

JOHOBE

Kon

KOWLOON

J. A. Plummer, Eag.

1. R. B. Shaw, Pag-

J. F. Warra, Eng.

Chind Meangor.

Y. M. Opyburn, Esq.

BRANCHESĮ—

KUALA LENNUR

Current Account

LONDON

LYOKA

MALASCA

MANTLA

MITAR Uebnen?

MUKUEN

NEW YORK

PRIVING

PENANG

HANOGON

KAIGON

SAN FRANCISCO

SHANGHAI

SINGAPOLE

SUL BABYA

SUSDEI PATASI

TIENTAIN

TOKYO

PINGFA1

YOKOHAMA

) Local Carrsues

and Pisal Bapulla merived for one or doctor pericula in Coral Currency and Healing 10 larm which will be quoted on application. Hong Kong, Decernir 2, 101 L.

HONG KONG SAVINGS BANK.

The Businem of the above Bank la soubertad

by the HONG KONG AND RIANGITA! BANK. The CORPORATION. Rulng may be obtained on aplicatian.

FOR THE RONGKONG AND SHANOMAL BANKING CORPORATION,

Y. H. GRAYRUAN,

Chist Manager -

ca Eung. Hizb July, 1980.

THE BANK OF CANTON, LTD.

Established 1912,

Head Office:-Hong Kong.

Astharlad Caplial (II.L, Currenty) --$11,000,000 Paid-up Capital

Reserva Fund seamososporin secreo

DRANCHES :-

5.003,000 1,106,000

Canion, Rhanghai, Harkow. Awalow, Bangkok, New York and Han Fraselero.

LONDON DANKENS 1–

The Lloyd's Bank, Limited.

CORRESPONDENTS

In all principal oltios of the Worlik

Porgi Burhangs and banking ba

يرسي

kulykas. Transacted,

Hate Depoels House (varkosen aluna) at a yearly

meutaf ol İrum 65 to $45

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行健國中

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

Reserve Liability

peletora

ALOR STAR

AMBITUAR

of

Pro-

.£3,000,000 .£4,000,000

£3,000,000

Agencies and Branches:

BANOROK

BATAVIA

BOMBAT

CALCUTTA CANTON

.

CAWNPORE

CEAU

COLOMBO

DAIHEN

DELHI

HAIPHONG

KASEBURG HANROW

HARVIN

HING KONG

11.01Lo

KARACHI

ELANU

KOBE

KOALA KANOBAR

KUALA LUMPUR

KUCHINO

MADRAS

MANILA

KUDAN

NEW YORK

PENING

BANGOON

THE

CHINA

MAIL.

THE HOTHONG BANK, LTD.

(Ratablished 1917.)

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

Authorised Capital Straits $20,000,000 Issued Capital ....

M

8,000,000

Paid-up Capital ... Reserve Liabilities

"

4,000,000

4,000,000

of Stareholders Surplus

Branches, Agencies and Correspon

deats in the principal cities of the

world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager.

THE NATIONAL CITY BANK

PEPINO (Peking)

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

SAICON

SEMARANG

SEREMBAN

SHANGHAL

HITIAWAN

SOURABAYA

SINGPORK

TAIPING

TIENTRIN

TOKYO

Commerce and

Finance.

SHANGHAI HOTELS,

LIMITED.

1931 Accounts.

THURSDAY, FEBRUARY 18, 1932.

WORLD

COTTON GLUT

PRODUCTION DOUBLE CONSUMPTION,

in

Less American Used.

area,

DEABON-S

U.S. Exports. "So far as it is possible to guess

America's cotton crop for the past revealed in an article by Mr. John 2,887,060 THE HONG KONG AND Bragg and others, showed that the

more than A. Todd in the January number of application of X-rays might also season is likely to be

the Empire Cotton Growing. Review. throw light on the intimate struc double last year's consumption of ture of metals and other substances. 11,000,000 bales. Unless demand observes that two outstanding facts Referring to the future, Mr. Toda The method of X-ray crystal

which the internal largely increases surplus of make forecast difficult. One is the analysis, by

extraordinary recovery of the Amer- structure of most materials can be 18,000,000 bales is anticipated. investigated, was first used in Bri- Egypt is in a similar position for ican crop this year, both in quality the tain, which, moreover, has taken af despite a substantial reduction of and quantity. The other is

cotton-growing

the position created by Britain going leading part in developing it. On the

last off the Gold Standard and Egypt

and India being The Balance at credit of Profit the practical side, on the other hand, prospective supply is twice

still linked with and Loss

Account (including the It has been used much more widely season's consumption.

Two remarkable features charac-} aterling. at home as an aid to sum of $114,938.67 brought forward abroad than

industrial research. In Germany, terised the world's cotton consump- from the previous year) after!

the 1930-31 charging Interest, Insurance, Main-for instance, the larger manufaction tenance and Repairs, etc., providing turers and stations for applied re-marked reduction in the total con- what is likely to happen in a matter Undivided Profits ..U.S.$226,087,882 for Depreciation and Bad and search make very wide use of it in sumed, and a falling off in these extraordinarily complex, the cotton used. effect of this ought to be to make Doubtful Debts, amounted to $821,- the technology of textiles, and in the amount of American

electrical, chemical During the past season the total it less advantageous for many coun- 794.34, which the Directors, at the metallurgical, forthcoming Yearly Meeting to be and dye industries, as well as in the consumption of all the kinds of cot tries to buy American cotton than Was only 22,486,000 bales, other varieties which come from heid оп March 1932, will laboratories of the universities and ton

18,

not, In-compared with 25,201,000 bales in countries no longer on the Gold recommend apportioning as follows: technical schools. It has

Standard. deed, been wholly neglected in Bri-the 1929-30 season.

These, by the way, in- To pay a dividend of 60

Uncertain Outlook. up till now no attempt tain, but

clade almost every cotton-growing cents

share on

The consumption of cotton other country in the world except the scoms to have been made to make the fullest use of it, or even to as- than American, which in 1929-30 United States." certain what that fullest use may exceeded for the first time in his- This season, however, the ex- tory the amount of American used,'ports from America, especially to 60,000.00 amount to.

been ab-

Capital, Surplus and

Branches in

ARGENTINE BELGIUM

BRAZIL

TONBRAIT (Phuket)

TSINGTAO

YOKOHAMA ZAMIANOS

CHILE

and General

CHINA COLOMBIA

Foreign Exchange

Banking business transacted.

Current Accounts poned 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, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(FETHERLANDS TRADING SOCIETY)

HANSBAN,

Putablabed 1824.

Flung Have Off-1, Qused's Road Central.

Authorised Capital Guilders £60,000,000. red-Up Capital ........... Guilders 10,000, Ramp Fund Qulldors 40,016,000- I AMSTERDAM”. Castern ed Q±co:-DATAVIA,

-Bandjarmasin, Exndoeng Bombay. Calenta, Charibon. Djembar. Djok

akaria, The ilagun Tiddah, Kobe, Pake Maka Madan, Palembang, longan, Padang, Bangoon, Botterdam", Suwarang, Bhangbai, Binrpore, Sobra bain, Soerakarta (Solo), Toya, Tjilasjop and Walletreden”.

From

• Tisene above have Salo Deposit Bot Lat.

LONDON BANKERS:--

NATIONAL PROVINCIAL BANK LTD.

Correspondents all over the world. Basking Bus nent erary description trotted.

A. BTOEKINK,

1 Kong, at Durember, 1881,

THE

Manager.

AMERICAN EXPRESS COMPANY.

U.S.$6,000,000 ..U.9.$1,572,464 U.S.$1,908,200

CUBA DOMINICAN

DAN

LONDON MEXICO

PANAMA PERU

PHILIPPINE ISLANDS

PORTO RICO

SETTLEMENTS

STRAITS

URUGUAY VENEZUELA

per

on

800,000 "Old" shares $480,000.00 REPUBLIC INDIA

To pay a dividend of 30

cents

share per ITALY JAPAN

200,000 "New" shares Commercial and Travellars' Letters To transfer to repairs of Credits, Travellers' Cheques, Bills

and renewals account of Exchange and Cable Transfers bought and sold. Current accounts To carry forward to new and Savings Bank accounts opened and Fixed Deposits in local and for- eign

currencies taken at rates that may be ascertained on application to the Bank.

We are also able to offer our Cus- tomers the services of the Branches of the International Banking Cor- poration in San Francisco and Spain and also of The National City Bank of New York (France), S.A., in Paris and Nice.

F. McD. COURTNEY,

Hong Kong, June 16, 1981.

Becount

The Department of Scientific and expanded still further in the past the East, have already 48,707.23 Industrial Research, in 1927, set up season. The total consumption of normally large, and there is no sign a committee under Sir William American was 11.5 per cent. below yet of this being checked by the monetary handicap. In the second 282,997.11 Bragg as chairman, to deal with the that of other growths.

In the second half, while there half of the year increased consump industrial applications of X-ray was evidence of a swing-back in tion in Britain, on the Continent, $821,794.84 analysis, and in a report recently

published has described a number favour of America, the consumption and particularly in India, produced USE OF X-RAYS IN INDUSTRY. of examples from the work that has of "outside growths" was still 1.1 a definite recovery

per

cent. larger. These facts are Egyptian cotton.

INTERNATIONAL TRADE

BALANCES.

In the sale of

been done up till now. At the pre-i sent stage the work has had to be The steel-making industry was to a certain extent of an exploratory established early in the last century. character, and although it has cover-

the visible trading balance of both countries in 1981 be appreciably Ita foundations were laid

on the ed a wide range of subjects, only a

worse than in 1930, but also that experience of observant men with small part of the field of possible

their invisible earnings will be Manager.exceptionally trained eyes and in-application of the method has been! The problem of the balance of substantially smaller.

stinct, but until well past the middle examined. In many of the investi- trade is not one which Great Britain of the century its practice had gations, indeed, the first object has has to face in isolation, for the

from chemistry gained little

and been rather to test the possibilities economic depression has been THE BANK OF TAIWAN, LTD. |practically nothing from the use of of the method than to endeavour to universal in its incidence, and in

(TAIWAN GINKO.)

the microscope. After Sorby's re-isolve specific problems. Taking, many countries

the decline in ex- velation of the microstructure of however, what is known of the ports has not been accompanied by metals, steel makers slowly became method, and the experience which a corresponding reduction in im- aware that practice might have hsa been gained by its use, Sirports. The extent to which the A shrewd jobber told me last much to learn from metallographic William Bragg expresses the belief external trade in merchandise of night, says a writer in the Finan investigations, und the study of the that there

question, of the some of the principal nations of the clal Times on January 15, that

HEAD OFFICE-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Content Bank in Formors.

BRANCHES AND AGENCIES;

JAPAN Toyko, Yokohama, Kobe, Osaka,

VORMOSA --Glent, Bagh Karenko, Krolung

Takeo, Teintul, Toen, Hello. Taite.

Swatow, Castữa, OTHERS-Hong Kong. Singapore, Bonsalınya,

York, Dalen.

LONDON DANKEKS:

who meant to hold their

На по

CHARTERED BANK.

Shares Which Ought Not To Be Missed.

Bank-Mutes invac Average stout.... 400,0 microscopical structure of steel be- propriety of examining its indus- World has been affected since 1928 Chartered Bank of India, Austra

came a necessity for those makers trial applications thoroughly. In will be seen that the deterioration lia and China £5 shares ought not own in his view, there is not only a strong in the visible trade balance has been to be missed even after their Kahang. Naate, Shinubliku, Teista. Telaan, respect of quality. As yet, bow-probability but even a certainty, much more pronounced in certain modest recovery to £11. The means that a method which reveals the other countries than in the case of shares, for obvious reasons, have CHINA:Longbai, Hanko, Amoy, Fuochow, ever, metallurgists had no

either of seeing into the interior of internal structure of solid bodies, Great Britain. Of the twelve coun- been abnormally low for some Samarang, Batavia, Bombay, London, Newt mass of metal. or of observing and so opens the way to the expres-tries only five-Australia, Belgium, time, but recently the market was finer details of its structure than sion of their properties in terms of Germany, Italy and Japan-improv-additionally depressed by the the microscope would reveal, nor structure, will yield results to be ed their position during the first liquidation of three deceased es- had they reason to believe that such compared with the successes of ten months of 1931 in comparison tates in succession. inquisition was possible. With the chemistry in dealing with liquids with 1928.

For years past an intérim divi- discovery of X-rays, it became ap- and gases. The work of the com-

The economic depression has dend of 7 per cent. has been paid parent that it might be possible, in mittee has been conducted at the

falien with particular severity upon in

final October, followed by a practice, to find ways of overcoming National Physical Laboratory, some the debtor nations, for not only has 13 per cent. in April.

Even difficulties arising from the part of it with the co-operation of the fall in prices added substantial-should the final be reduced some opacity of metal, and some eighteen industrial research associationsly to the real burden of the service what this time-which it may not years ago the work of von Laue, Engineering.

Barclays Bank, Ladı, Lloydə Bank, Lid., Midland Bank, Dif., Westminster Bank, Ltd.

The Black has Correspondents in all the provist

Commercial Centres throughout the worldt, K. NAGURA.

INC.

Head Office:45, Broadway, New York.

Maonger.

HONG KONG BRANCH:

Keorganised October 25, 1928, under

Capital

5. Der Vauz Road Central. Hong Kong. Desember H. H

special charter of The National Gov- ernment as an

Surplus

INTERNATIONAL EXCHANGE

DANE.

Subscribed Capital

$25,000,000.00

Paid-Up Capital

$24,710,200.00

Beserve Funds

$ 3,920,508.82

HEAD OFFICE: BHANGĦAL

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 ellenta special facilities for domestic and foreign banking and exchanges.

Reserves

Amsterdam Antwork Albers

House Berlin

Barrila

Doubey

Bro Brussels

BUDO Li Calzo Caloutta Cannes

CHIUS Qargo Havana

BRANCHES---

Nice

Suploa

J'itbun

Parin

Pensy

Paking Palaeum

Horsendum

11amburg Har Inserakan Jerusalem 1120 Landon Liverpool

Багетно Lageno

Colombo

· Marvelikan Constantinoplo Nenie Carlo

Copenhagu

our

Edinbur Flora.e Lisnais

Manila Munich Montreux

MU

koma Stamboul

Bhanghai Bouthampton Singapore St. Morita Piratsiu Virona

Verlow Yokobaras Zurich

Branches of American Express Com-

We also handle the issue of Bonda pany in Principal cities of United ere Government both at home and States of America and Canada.

and other Public Funds of the Chin-

abrand.

Hong Kong, 5th March, 1931.

THE YOKOHAMA SPECIE BANK, LIMITED.

Personal handled.

investment

secounts

FOR SALE.

Stanley Gibbon's Postage Stamps Catalogues

for 1932

Whole World

British Empire Foreign Countries

$12.00 ..$ 5.25 ..$ 8.00

GRACA & CO.

RELIABLE PRINTING

the

PAY CASH

RUN INTO DEBT AND YOU RUN INTO BANKRUPTCY.

Evils of Credit.

means

of their foreign debts, but their be-the yield shown would still be inability to borrow abroad to any high for a first-class Bank share. great extent has also deprived them] Assuming conditions. In India of a form of assistance upon which and Australia continue to improve, they had been accustomed to rely, there is scope for considerable ap Many of them are engaged prin- preciation in Chartered Bank cipally in the production of primary shares. At one time last year products, the prices of which have, they were as high as £17 178. 6d. on the whole, fallen much more There is nominally a liability for severely than those of manufactured a further £5 per share, but this is goods. They have, therefore, been a reserved obligation which could In the unfortunate position of re-only be enforced" In the event 'of ceiving a much lower return for an involuntary liquidation of the their exports without securing a company. corresponding reduction in

the

prices of their imports, with the re- sult that in many cases they have ALEXANDER

(1st Floor)

Dealers in Postage Stamps,

Cash, or the want Garden Seeds, Picture Books,

of it, is the difficult. It

patience and had to take steps to restrict the

INSTITUT Toys, etc., etc.

cause of most of our troubles. And self-denial, and is a slow and tedious inflow of goods from abroad.

This development has been partiy DE BEAUTE No. 10, WYNDHAM STREET, SHOU J. OHEN,

nowadays it is the easiest thing in job. That is how the "hire par- All classes of Commercial Banking 1,0. Box No. 620.

chase system" gets in: Shops full responsible for a deterioration in HONG KONG. Manager. Transactions ondertaken.

the world to get into debt, although of attractive goods tempt folk to the balance of trade of certain of Phone 25169. not so easy to get out of it. There buy what they cannot afford, hoping the leading creditor nations The Pedder Building are temptations on every hand to be able to pay ".some time." contraction in the case of the Opposite Entrance to Alluring advertisements of the Sickness may come; one's job may United States has bean particularly Hong Kong Hotel. vendors of goods on hire purchase, be lost; and then the fat is in the pronounced, whilst France has also Lustrous Oll Permanent Hair Waves suffered a severe setback in her ex- which are Large, Soft and Natural, on terms, oh! so easy and comfort fire. able, "Delivered to your home on There is no doubt about it, the port business, which has been only Artistle Finger and Marcel-Waves, Oli payment of small deposit," and, in credit system is bad. Bad for the partially offset by a reduction in Treatment, Shampooing. Henna Pack lets of cases, without any deposit. individual and for the country; and the value of her imports. Moreover, any colour), Hair Catting and Mani

cure for Ladies, and Gentlemen. Con- In fact, almost everything can be if it is bad to get into debt, it must although, there is as yet no reliable cleations, Artistle Work by got on the instalment plan. When be good to get out of it. So may data upon which to base any estim- Expert, Mr. Alexander, o the bait is swallowed, the fun starts, the time soon come when all good ates of the movements The income, is spoken for before it folk will refuse to take the credit visible earnings and expenditures in la earned: so much for this, and as bait, and be able to say, "What we 1981 of these two countries,, the much for that, until, often there, i have we own," and owe not any developments during the year have very little left. This system, like man-On The Road. many other imported ideas, is un-i dermining the national character.

Established 1880.

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

„Yen 116,200,000

Head Office:-YOKOHAMA

Branches and Agencies at:

Alexandria

Hatavim

Berlin-

Bombay Calcutta

Canton

Changchun

Nagtanki

Nagoya

Newchwang

New York

Osaka

Paris

Pelping

Dairen (Dalny) Rangoon Fenglion (Mukden) Rio de Janeiro

Kamburg

Honolulu

E-YO

Kirachi

Kobe'

San Francisco Seattle

Beratung

Shanghal

Shimano ki

Singapore

Soerabaya

Bydney

Tlacktwin

Los Angeles

Tokyb.m

Manita

Taingtas

Interest allowed on Current Ac

Deposits received for Exed pariodi at rates to be obtained on application.

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.

THE

E W. DUGGAN,

Manager.

no order too small

ין

THE NEWSPAPER ENYENPRIOR LTD. GRINA MAIL OLDU. • DRAM #Y,

BANK OF EAST ASIA,

Established 1918.

HEAD OFFICE::

10, Des Voeux Road, Central. HONG KONG.

LTD.

Capital and Surplus

over HLS: 8,000,000.00 Total ResourCOS. ;...

over, EL$30,000,000.00 Every description of Banking and Exchange business 'transacted,

Current and Fixad, Deposit Accounts In focal and aign currencies opened for clienta.

Savings Account and Hafe Deposit Boxes£X”I Branches and Agencias all over the worlde gjorë

KAN TONG PODE

Chief Manager.

BOOT-TRADE WAGES.

in the in-

undoubtedly influenced them con- siderably. The Reparations and War Debts Moratórium has deprived both France and the United States of an important source of revenue,

That sense of responsibility, care fulness, and thrift, in fast dis- appearing, the tendency being to The Boot and Shoe Repairing whilst as a result of the economic allow wants and destres to outrun Trade Board at a recent meeting depression, their shipping earnings, the ability to pay. Individually. considered a motion from the em as well as the return from their munfelpally, or nationally, it is badployers' side of the board to reduce foreign investments, must also have to run into debt. Sooner or later it by 10 per cant, all the general been reduced substantially. Expen- leads to bankruptcy. It may be minimum plece rates in operation diture by United States" citizens on asked, What are follt to do when in the trade. After a lengthy de foreign travel, which, in former they haven't, the ready money to buy bate it was agreed that a committee years, has amounted to very large with? There is only one safe be appointed to report as soon as figures, has probably been sharply Incidence In cartalled, but the eaving in this answer) to that! Do sotthout; wait, possible on the save, and pay gush It is the best different circumstances of all the connection must have had its reper- www.very time and better valus minimum rates in operation and any cussions on the French position, for can always be got for cash payment amendasenta of the current deter in the past, France has derived 's ||'487)against/1 ereilt) Unfortunately, minations of the board which they handsome income, from this source. owing to the rush and excitement of might consider appropriate. The Therefore, it would seem a reason- modern conditions, saving is made committee is to meet on January 28, able assumption that not only will

A

European

CHARGES MODERATE. VISIT WILL CONVINCE YOU.

PHOTO-SUPPLIES

Kodaks and Cameras.

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

}

ZIESS and BUSCH FIELD GLASSES.

Price Moderate.

A Trial Order is Solicited.

A. SEK & CO.

QaTel No. 28459. Th

28A. Des Voeux. Road. C. Hon Lon.