1932-03-07 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Euthorised Capital emma -------$50,000,000 Gorned and Fully Paid-up somma 30,000,000 Basere Funds—

Florileg.........

# 8,100,000 $10,000.00

Rovers' Elablity of Proprietors... $20,000,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS. —

Hon. Mr. J. 1. Puterson.

Chairman.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON,

Paid-up Capital Reserve Fund

THE CHINA MAIL.

THE HO HOND BANK, LTD.

(Established 1917)

HEAD OFFICE:—SINGAPORE. Hong Kour Branch: 18, Queen's Rd. C.

Authorised Capital Etraits $20,000,000 Issued Capital

# 8,000,000 Paid-up Capita!

Н

4,000,000

Reserve labilities

of Shareholders. Burplus

J

20

4,000,000 2,687,000

Branches, Agencies and Correspon. .£8,000,000 | dente in the principal cities of the .£4,000,000 | world.

Every description of Barking and ..£3,000,000 | Exchange buildens transacted.

TAN ENG HOOI,

Reserve Liability of Pro-

prietors

·Agencies and Branches:

ALON 81AB "AMRITSAR

Deputy Chala.

KUOHING

W. H. Bell, Esq.

J. A. Flummer, Zaq.

A. E. Campion, Eng.

I. E. Pro, Rag

3. I. . Blaw, Esq.

Hon. Mr. 0. 0. 8. Mackly. 2. F. Warren, E14.

12. Miskia, E.

AMOT

BANGKOK

RATA VIA HOMBAY

DALAUTTA OANTON

UNEPOO

COLOMBO

DAIBEN

FOOCHOW

7. M. Grayburo, Eig,

SLATIONG

HAMBURG HANKOW HARDIN

HOXOKEW

TLATLA

IPOH

JOHORE

KOSM

KOWLOON

Chinnang.

BRANCHER-

KUALA LUMPUR

LONDON

LYONG

MALACCA

MANILA

MUAB (Johor)

MUXDEN

NEW YORK

PRIPINO

DENAKO

RANGOON

BAN FRANCISCO

RAIDON

SHANGHAI

SINGAPORE

SUURABYA

HUNGEI PATANI

ТІЕНТБІК

TORYO

TSINGTAO

TOKOHAMA

Current Acounts opened in Local Currency and Fixed Depila received for one your sboelse perioda in Lons! Currency and Harling 'wa tena which will be quoted application.

Hong Kong, 27th February, 1932.

HONG KONG SAVINGS BANK.

The Business of the sbors Bank le conducted

by the HONG KONG AND SHANGHAI BANK INO DORPORATION, Eu'on may be obtained en application.

FOR THE NONOKONO AND BHANGMAT BANKING CORPORATION.

V. M. GRAYBURN,

BANGKOK BATAVIA BOMBAY CALCUTTA CANTON CAWNPORE CEBU

carrierno

DAIREN

DELI

HAIPHONO

HAMBUNG

KADRAS

MANILA

MEDAN NEW YORK PEPINO (Peking) PENANG HANGDON SAJOON

REMARANG

SEREMBAN

BHANGHAI

KINGPORE

SITIAWAN

TOKYO

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and,

Undivided Proats U.S.$225,347,466.11

Branches in:-

ARGENTINE BELGIUM

BRAZIL

MARKOW

HARBIN

SOURABAYA

HỌNG TONG

TAIFINO

ILOILO

TIENTSIN

ТРЕП

LONDON

KARACHI

TONGEAR (Dhakel)

MEXICO

KLAND

THINGTAO

КОЛЕ

PANAMA

YOKOHAMA

KUALA KANGSAR

ZAMBOANGA

CHILE

PERU

KUALA LUMPUR

CHINA

PHILIPPINE

Foreign Exchango

and

General

CUBA

COLOMBIA

Banking business transacted.

DOMINICAN REPUBLIC

INDIA

Current Accounts opened and Fir 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- MAATSCHAPPLI, N.V.

(NETHERLANDS TRADING SOCIETY)

DANKERS.

Established H.

Boat Room On:-11. Queen's Road Conteni.

Authorised Capital Paid-up Capital

Chief Mager.

For Pad

Hong Kong, 27th February, 1935.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:--Hong Kong.

Authorised Capital (ILX. Currency)...11,000,000 ***** 1,088.000 3,100,000

Zald Up Capila! Souers Fond

BRANCHES 1 Canton, Banghal, Rankow,

Bwww.

Bangkok, New York and Ban Francisco.

LONDON BANKERS;-

The Lloyd's Bach, limited. CORRESPONDENTS

In all principal cities of the World.

Vorig Exchange and banding business of

oraz daserigilon tranamatąd,

Sale Deposit Dosos (various slanej si a pouziy

evated of from 5 to 40,

LOOK POONG SHAN,

Chief Managar.

Gulldem 164,000,000-

Ouilders 80,000,000.

Ouilder 40.015,000-

Head Ußen-AMSTERDAM*.. Eastern Head Dos:-BATAVIA Branches-Baadjarmasin, Bandong", Bambay. Calcutta, Charbon, Diambar, Djok Jakarta The Bagus*, Jldiak, Kobe, Makassar, Medan, Palambang, Pek logan, PODADE. Bangoot, Rotterdam", Burdurung, Bharghal, Bingapore, Boss bala, Boerakarta (Bola), Tegal, Tjilatjay and Waltevreden",

• Thors does have Safe Deposit Boxas to Eat.

LONDON BANKENS:-

NATIONAL PROVINCIAL BANK LTD.

Correspondants all over the world Banking Dasi.

of very description transacted,

A STOKKINK.

Hoog Kong, la December, 1961,

THE

Kanagai.

AMERICAN EXPRESS COMPANY.

ITALY JAPAN

ISLANDS

PORTO RICO STRAITS

SETTLEMENTS URUGUAY

VENEZUELA

and

Commerce

Finance

PREFERENCES FOR EMPIRE AGRICULTURE

B.E.P.O. PROPOSALS TO CHANCELLOR.

The following is an extract from, a letter addressed by Sir Edward Davaon, Bart., Chairman of the British Empire Producera' Or ganisation to the Chancellor of the Exchequer in regard to proferences on overseas Empire primary pro- ducts. In each case, specific recom- mendations were made as to the value of the proference to be ac-| corded. These are now under dia- cussion and the figures and tables relating to them are not included in this extract.

.

In response to the invitation youj were good enough to give to this

| Organisation, the affiliated Federa- tions and Commodity Committees Commercial and Travellers' Lotters have prepared Memoranda dealing of Credits, Travellers' Cheques, Bills with their respective products with of Exchange and Cablo Transfers

MONDAY, MARCH 7, 1932.

It is proposed firstly that the basis of daty be altered from sugar, content to a level rate on all can- ned fruits as such.

Dried Fruits

The value of the dried fruit in-

SHADOWS BEFORE

dustry. In relation to that closer COMING EVENTS ADVERTISED

settlement which is the easiest and] most effective means of converting town-bred immigrants into country- men, gives the suggestions in re-

IN CHINA MAIL.

Social Functions.

Hong

gard to dried fruits a special To-day-Tea Dances at significance. There is at present a Kong Hotel and King's Resturant; duty on foreign imports with free Dinner Dances at Hong Kong, entry for Empire imports of dried and Peninsula Hotels and King's fruits and it is suggested that the Restaurant. duty on foreign imports should be

To-morrow-H.K.W.G. & M.C.L. Increased.

bridge, mahjong, and tea dance, Hong Kong Hotel.

Fruit Pulp.

- Queonie

be both of more advantage to the producer and of greater It is hoped to submit proposals

Entertainments.. convenience to the manufac-in regard to fruit pulp, a duty on Today King's Theatre; turer. Leading manufacturers foreign imports of which would "Dr. Jekyll and Mr. Hyde." have been consulted and agree relieve the considerable difficulties!

To-day

Theatre: upon this point.

Home producers of this commodity "The Phantom Of Paris." (2) The Federation does not rule are now encountering and material Today Central Theatreg

out the possibility of an Em-ly assist the Overseas Empire in-"Africa Speaks." pire preferential quota coupled dustry.

To-day.

дою були 996 with the present Empire pre-

Shpattu; Canned Salmon,

"Women Of All-Nations." ference in place of an increase This industry has an especiali Today Star l'heatre: in the preference.

claim upon the attention of H.M."Pardon Us." The Federation would welcome Government. A preference was!

Home Matis. the development of the sug- offered by the British Government To-morrow-Outward for Europe gestion made by the Secretary in 1923 at the Imperial Conference via San Francisco, (Shinyo Maru) of State for Dominion Affairs of that year which it was found 8.30 a.m.

(3)

bought and sold. Current accounts particular reference to preferential and Savings Bank accounts opared treatment in Great Britain. In and Fixed Deposits in local and for each case every effort has been eign currencies taken at rates that made to obtain the views of pro-(4) may be

be ascertained on application to the Bank.

įducers of each commodity wherever

of

We are also able to offer our Cus-in the Empire they are situated so tomers the services of the Branches as to give to the suggestions made the International Banking Cor-the weight of agreement among all poration in Spain and also of The National City Bank of New York producers concerned. These Mem- (France), S.A., in Paris and Nice, oranda will be submitted to you in duo course, but in view of the Possibility of H.M. Government tak-

Manager.

R. M. MCLAY,

Hong Kong, March 1, 1932..

in October, 1980, that he and afterwards impossible to apply. his colleague of the Colonial Russian and Japanese competition! Oẞce should use

Lamerts' Auction. To-morrow-At Sales Room, mia- friendly has now brought the industry in cellaneous goods, 11 a.m. Intervention to bring about British Columbia very nearly to a

Meetings. eloser and more regular con- standstill. Only eighty boats out March 9-Hong Kong Telephone tact between the Federation of a hundred and fifty are out and Co., Ltd., Exchange Bldg., 2nd and the United Kingdom manu-jas preparations are now being floor, 11 a.m. facturers in regard to policy. made for the 1932 catch, if no as- March 10-Hong Kong & Kow- It is hoped that the Empirosurance is forthcoming, this lower loon Wharf & Godown Co., Ltd., Marketing Board as far as is number may be halved. Arrange Messra. Jardine's Office, noon. possible will emphasise in fts ments have been concluded for the' March 15 Hong Kong, Canton & publicity and propaganda the most searching Government inspec- Macao Steamboat Co., Ltd., 1, value of Empire tobacco. tion at the factories and at the Queen's Building, 11 a.m.

point of shipment. The Organisa- March 18-Hong Kong & Shang- tion recommends a duty for foreign hal Hotela, Ltd., annual meeting, pink salmon and a smaller one for, Exchange Building, 11 a.m., extra. foreign red salmon, with free entry ordinary meeting, 11.80 a.m.

FRUIT.

Apples.

Ing action at an early date I beg At the Imperial Conference, 1923, for the Empire product. The March 23-China Entertainment to submit at once a summary of the the British Government of the day differentiation is owing to the fact & Land Investment Co. Ltd., King's THE BANK OF TAIWAN, LTD. mittees, as follows:-

conclusions arrived at by the com-suggested to the apple growing Em- that the Empire industry could im Theatre Building, 5th floor, annual (TAIWAN GINKO.)

pire countries that an import duty mediately supply the whole of the meeting, noon; extraordinary meet.

HEAD OFFICE:-Talpeb, Formors.

Wheat.

Tex.

The case for the restoration ef

of 5/- per cwt, should be levied on United Kingdom demand for pink ing 12.15 p.m. The Organisation recommended foreign raw apples with free entry salmon. to the Imperial Conference, 1930, for the Empire product. This aug system of quotas and as this mat- gestion was accepted by the Over- ter is now being considered by seas Empire countries and is, after the duty and preference on tea has product). H.M. Government it is not propos-close enquiry by the Fruit Commit-been made by growers representing Back-Notes Stauad Average aunt Yan, 45,000,000 ed to offer any further recenteo of the Organization, again re-interests in Ceylon, India, Kenya, The

Incorporated by Special Imperial

Charter, 1899.

Cantral Bank to Porzone.

LONDON BANKERS:

Rourabaya,

York, Bar.

Barniny Bank, Lid., Lloyds Back. Ltd.

dlood Bank, Li, Weinster Benk, Ltd.

mendations at this time.

Meat.

commended.

BB

Wine.

Organisation.. strongly

This commodity is of consider. able importance to the Empire

of countries producing it-Australis,

BRANCHES AND AGENCIES JAPAN-Toyko, Tokohama, Hobe, Osaka.

Nyasaland. South Africa, Tan-favours the maintenance of the FORMOBA:-Giran Eagi, Karenko, Kodlups.

Soft Fruits.

ganyika, Uganda and other Empire' present rates of duty. Under the Makang Nanta, Shinshiku, Teichu, Talaan, The Meat Committee, having ob- Takso, Tamaul, Toes, Heiin, Tall

In regard to pears, peaches, countries, with the concurrence

'1927 adjustment the Empire indus CHINA-banghai Hankow, may, Fohow, tained the support of the greater plums, grapes and other soft fruits and full support of this Organisa-try ia steadily progressing.

Swalow, Canton. OTHERS-Kong Ecpg. Singapors,

number of importers and distribu- the Organisation believes a clear tion. The incursion of low grade

Honey, Semarang, Batarla, Bombay, Lontos, Newtors in Great Britain for a policy case can be made for Empire pre-Java teas has struck a very severe

which would assist the Home and ference and that the actual and blow at the Empire industry Dominion producer and not throw potential supplies would fustify the well from the point of view any burden upon the consumer has step, but at this stage it is not pre- cheapness as from the very serious Canada, New Zealand and particu The Bank bas Correpondente in all the principal suggested that adoption of a tariff pared

to put forward precise degradation of the quality of blanda larly the British West Indies-and combined with a quota or licence figures. It is hoped that at an sold which may eventually injure the Organisation believes that a system so framed and managed oarly date Manager.

sug-the reputation of tea generally duty on foreign honey with free that the interests of the consumer gestions will be submitted.

with the public.

entry for the Empire product would are safeguarded.

Citrus Fruits.

It is suggested that the Govern- be of great value to the Empire The Organisation is of the opinion that imported bacon, hams duty on foreign oranges and grape foreign tea, at the

The Organisation recommends a ment should re-impose the duty on countries concerned and would be same time reflected in increased purchases of and tinned meats should be includ- fruit, with free entry for the Em-guaranteeing to Empire-grown teal manufactured ed in any general scheme of duties pire product. It would seem pos- a minimum preference which would United Kingdom. and licence system adopted by the sible that some system of regula encourage the development of tea Government,

Commar! Cantree throughout the world.

K. NADURA.

INC.

THE BANK OF CHINA, 行銀國中

Head Office:-65, Broadway, New York.

HONG KONG BRANCH,

B, Des Vaux Road Central. Hong Koog. December 24, 109,

Reorganised October 26, 1928, mudar

Capital

special charter of The National Gov- arment as an

Surplus

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital .$25,000,000.00

Fald-Up Capital

Recurve Funds

Reserves

Amsterdam Alwarp Athens

U.S.$4,000,000 .U.S.$1,572,454

U.S.$1,908,209

BRANCHES:-

Οπο

Law

.$24,710,200.00 .$$,920,503.82

Aion Naple

Havin

Baie

Hamburg

Piroue Faris

Barla

ZAVIN

Fouang

Biarrit

Babay

Вердей

Brussels

Bunson Aire

Interlaksa Jaruatem Ello Loadoa Liverpool Luoethe Lugsoo

Luxor Marsellian

HEAD OFFICE: SHANGHAL.

HONG KONG BRANCH:

4. Queen's Rand 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.

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

SHOU J. CHEN,

Manager.

Hong Kong, 6th March, 1931.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

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

.Yen 116,200,000

Head OfficeYOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Bombay

Berlin

Calcutta

Nagasaki'

Nagoya

Newchwang

New York

Onsi

Polping Hangoon

Bengten (Mukden) Rio de Janeiro

Dairen (Dalny)

Hamburg

Hankow

Hong

KOBR

Kabe London

Los Angeles

Manila

Elan

Fan Francisco Seattle Semarang Shanghai

Soerabaya Bydney Tientsin

Takyo ****

Tringtau

Interest allowed on Current Ac-

Depoelta" received for faed, nt ratas to be obtained on APP)

Vira Outta Садам Colombo Donelantinoplo Monte Carlo

Copenhagen Edinburgh Florence

Halle Munich Mousque

Mil

Paking Falarma Bottartam Roma

Stambou Shanghal Bouthampton

Blogapore

Br. Yorite

Titula

Ивские

Van!Do Zokahama Zarich

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

All classes of Commercial Banking Transactions undertaken.

Personal 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.

FOR SALE.

Stanley Gibbon's

Postage Stamps .

Catalogues

for 1982

.$12.00

..$ 5.25

Whole World British Empire Foreign Countries.....$ 8.00

GRACA & CO. Dealers in Postage Stamps, Garden Seeds, Picture Books, Toys, etc., etc. No. 10, WYNDHAM STREET, LO. Box No. 620, HONG KONG.

Bring Your PRINTING Problems to U19

THE NEWSPAPER ENTERPRISE LTD. CHINA MAIL BLDG. SA WYNDHAM PT.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Rond, Central.

TONG KONG

Capital and Surplus Total ResourcON (......................

over $ 8,000,000.00. over 1.$80,000,000.00 Every description of Banking and Exchange business transacted, ta

Current and Fixed Deport Accounts in local and for- sign_curranalas opened for clients.

Bavings Account and Bafe Deposit Boxes Branches and "Arenelas zu over the world;

KAN TONG PO,

Butter, Cheese and Eggs.

the conditions are suitable for

more definite

goods from

Hard Fibres.

the

tion and a modified quota would production within the Empire, both, It is hoped to submit proposals have to be Introduced for the in the countries named and else-in regard to hard fibres, a duty on The Organisation believes that seasonal regulation of supplies of where, and at the same time pro- foreign imports of which would

a citrus fruits to this country.

for His Majesty's relleve the considerable difficulties which Empire producers of hard fibres are now facing. Coffee and Cocon

The Or. ganisation therefore respectfully The discussions of the Coffee and

tariff on imported foreign butter, cheese and eggs, not only to pro- mot closer settlement on a wider

Bananas.

The development of the banana Jindustry in Jamaica, the possibility

vide revenue Treasury.

British hard

fibres,

including

scale in the Empire but also to of other tropical colonies coming) Cocoa Committees are not yet con suggests that H.M. Government im- create a larger market for British into production and the heavy im-cluded, but it is hoped that even i Pose an import duty on all non- manufactured goods. A very strong act of foreign competition justify complete remission of the duty in Manila hemp, with free entry for case can be made and indeed, we a duty on bananas of foreign favour of the Empire producer la hard fibres of British origin, understand, has been presented by origin with free entry for the Em-not considered possible a substan-|| the Dominion governments concern.

The Organisation would wish to tial reduction in the preferential ed; and the Organisation contente pire product.

Canned Fruits.

rate may be granted. (The present modity is produced in Great Britain

emphasise that wherever a itself here with the statement of

The present rates of duty on rates of duty are 148. per cwt on as well as in the Empire Overseas, its convinced bellef that the ap.

canned fruita are based on the foreign raw cocoa or coffee, and Dominion and Colonial producers plication of a duty and an effective.

118. 8d. per cwt. on the Empire raw strongly uphold the principle that Empire preference will be of the sugar content of the syrup.

the Home producers if they desire it are entitied to a first preference

greatest value to the Home and the Overseas Empire producer of but- ter, cheese and eggs.

Sugar.

The Sugar Federation of the British Empire affiliated to this Organisation has already present

ed a full statement of its viewe

com.

WEEKLY MARKET in their own market with the next advantage to the Overseas Empire grower.

· MANCHESTER

REPORT

The Organisation and Its Com mittees hold themselves at the dis-

NO DIVIDEND.

Cable and Wireless Limited.

February 8, 1932. future delivery. Naturally there posal of the Chancellor of the Ex- Messrs. James F. Hutton & Co., has been a cessation of business chequer for any discussions in re- and submitted tables providing for Ltd., of Manchester report that for Shanghat. India has submitted gard to the foregoing proposals an increase of the preference to although there have been no im-a fair amount of enquiry, including which may be desired. Overseas Empire sugar imported portant price movements during cloths which have not been heard into the United Kingdom, an ex-the week there has been a notice of for a considerable time, and it tended advantage to the home able firmer tendency in all sections, ts to be hoped that some of this grown beet producer and at the At Liverpool the effect of news business may be revived. Calcutta same time an increase of revenue from Shanghai has been to cause has taken a few small lines of to the British Treasury.

considerable short covering, in ad-dhooties and further lots of light dition Tobacco.

to straddle purchasing, white goods have been arranged for The Tobacco Federation of the against New York though naturally both Karachi and Madras. There British Empire affiliated to this business in cloth has been extreme-bas also been some enquiry for Organisation would respectfully ly difficult, especially with Chine, printed sorries and Jeans, though refer to representations made to American prices remain on a high quantities have not been large. H.M. Government in a deputation basis, with apparently little likeli Though the Near Eastern markets to the Secretaries of State for hood of essing in the near future, have not been brisk, it is reported the Stock Exchange by the decision Dominion Affairs and for the while there is a growing demand that several good lines of prints of "Cable and Wireless, Limited," Colonies In October, 1980, and to for raw material from both Lanca-have been booked for Persia. The not to pay a dividend on the 51⁄2 representations made to the Chan-shire and the Orlent. A slight de remainder of the enquiry has con- per cent. cumulative preference cellor of the Exchequer in March, cline in Sterling has tended to in-alsted of small lots of greys and stock, Something at least was ex- 1931. The altuation, it is suggest crease the value of cotton, and finishing cloths at difficult prices. pected.

DEPRESSING EFFECT.

Londos, Friday.

A depressing effect was caused on

ed, still calls for adjustment:local sentiment seems inclined to For West Africa, business has re- The company has capital of {(1). The present basic rate of duty adopt more bullish attitude sulted in heavy gray” and white over $52,000,000, but has proved a en foreign leaf is 95. 6d. with There has been a good deal of dis- goods, whilst bleaching cloths have disappointment from Its inception. an Empire preferential rebate cussion regarding developments in also gone for Bouth America in All its stocks depreciated sharply of 28. 0%dThis rebate is the Sino-Japanese situation and spite of restrictions. The Con-to-day on the latest announcemen fixad at the money value but it traders are wondering what the tinant has been very quiet, whilst though they recovered somewhat be- is submitted that a rebate of effect is likely to be on Atacks on the Home Trade Section geterally fore, the close Routers Special one-quarter of the duty would the far alde as well as orders for has had an uninteresting week." Service.