1932-03-19 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Amberland Cuplai 0,000,000 Inwed and Fully Paid-up 10,006,000 Rossero Panda : -

Sterling

£6,500,000 10.000.000

Bowers Liability of Propelakoru sa $10,500,000 BEAD OFFICE: Bosɑ korɑ.

BOARD OF DIRECTOR! ;-

Ken. Mr. J. J. Falamos.

T.

W. H. Hall, KM.

Chalician.

Pasco, Eat

Deputy Chairman.

3. A. Plummer, Esq.

A. Complos, Esq. T. II. D. Sam, Eng.

Bas. Kr. C. G. 8. Maskia. J. F. Warna, Kay.

#. Kiekis, Eng.

CANTON

V. M. Oraybars. Eng.

Ühis! Manager.

DEANCORS

LONDON

LYONG

MALACCA

MANILA

MUAR (demo)

AKOI

BANGKOK BATAVIA BONDAY

CALOUTTA

CHEFOO

COLOMBU

DAIREN

FOXHOW

HAMBURO HANKOW KABBIN

MONPEEW

под

MUKDEN

SEW YORK

PEIPINO

PENANO

HANDDON

SAIGON

SAN FRANCINED

BHANGRAI

HAIPHONG

JUHORE

KOBN

KOWLOON

ECALA PA

SINGAPORE

BOURA BYA

SUNOEL PATANI

TARKTNIN

TOKYO

TSINOTAU TOKOHAMA

Darren conta mpened in Tom Currency Fixed Depoelle received for one you!_ _D7 better parloda la Local Currenny and Sterling

which will be gooted on applica

Hong Kong, 17th February, 1931.

HONG KONG SAVINGS BANK.

The Business of the above Bank la condunted

by the HONG KONG AND SUJANGHAI BANK

NG CORPORATION Bucony be obtained en application.

POB THE HONGKONG AND SHANGHAI RANKING CORPORATION.

V. M. ODATBURN,

Chief Managst.

Hong Kong, 15th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912,

Head Office:-Hong Kong.

Authorised Caystat (H.K. Duermany) ...$11,000,000 Pald-Up Capital

Reserva Fund....

BRANCHES 1-

3.268,000 1,100,000

Canton, Shanghai, Haskow, Swalow, Bangkok, Mev York and San Francisco

LONDON BANKERS |--

The Bloyd's Back, Limited. CORRESPONDENTS

In sil prodpůl rities of the World.

Forsign Exchange and banking business of

wway deardyklos irmsasoted.

Depoels Boss (rarloua minas) sì a yearly

eenial al krom 14 to Hà

LOOK POONG SHAN,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

Paid-up Capital Resorve Fund

THE CHINA MAIL.

THE NO HONG BANK, LTD.

(Btablished 1817.)

HEAD OFFICE:-SINGAPORE. Hong Kong Brunch: 13, Queen's Ed. C.

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

8,000,000

Paid-up Capital

#

21

4,000,000

4,000,000 8,087,000

Reserve Liabilities of Shareholders Burplus

Branches, Agencies and Correspon- .£3,000,000 | dents in the principal cities of" the .24,000,000 world.

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

TAN ENG HOOL,

Reserve Liability of Pro-

prietors

Agencies and Branches:

ALOR STAB

AMRITSAR

KUCHINO

BANGKOK

MADRAS

MANILA

BATAVIA

BOMBAY

SALOUTTA CANTON CAWNTORE

CEBU

COLOMBO

DAIREN

DELHI

MEDAN

NEW YORK

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

PEPING (Poling) PENANO

HEAD OFFICE: 65, Wall Street, NEW YORK.

BANGOON SATOON

Capital, Surplus and

Undivided Profits U.S.$225,347,468.11

SAMARANO SBREMBAN

KALPHONO

BJJANOBAI

HAMBURG

SINGPORE

JANKOW

SITIAWAN

HARBIN

ROTINABAYA

HONG KANG

TAIPING

ITATG

TIESTAIN

TOKYO

KARACHI

TONOKAR (Dhakol]

KLANG

TSINOTAO

BRAZIL

RODE

YOKOHAMA

KUALA KANGSAR

ŽANRIOANDA

"CHILE

KUALA LUMPUN

CHINA

Foreign

Exchange and General

COLOMBIA

CUBA

[Pen

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, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY:

BANKERR

Balablebed 1924.

Houg Eaux Odle:—11, Queen's Road Contrai.

Authorised Capital ............................ Guildə 130,000,000. Paid-Up Capital .......... Gulidən 80,580.000. Beserta Pund. Quildora 40,018,000-

fland Oos-AVSTERIAM". Eastern Hand Of :~~BATAVIA. Briarbas ---Bandjemala, Eandoeng”, Bombay, Calcutta, Charbon, Djember, Djok jabersa", The agua, Jiddah, Röde, Maker Bodan, Palembang, Faks lozgan, Penang, Bangoon, Botterdam”, Sumarnog", Shangkal, Singapore, Soers- bala. Boerakarta (Solo), Tayai, Tillatisp and Woltavroden”,

* Three onces have Safe Depoels Bosse to Lai,

LONDON BANKEBE:-

NATIONAL PAQVINCIAL BANK LTD.

www.

Correspondeate all over the world. Banking Dual- nama of wvory description frosseted,

A. STOKKINK

Bong Kong, let December, 1985.

THE

Manager.

Chief Manager. AMERICAN EXPRESS COMPANY.

Branches in

ARGENTINE BELGIUM

LONDON

MEXICO PANAMA PERU

PHILIPPINE ISLANDS

PORTO RICO STRAITS

SETTLEMENTS. URUGUAY

VENEZUELA

SATURDAY, MARCH 19, 1932.

Exchange:-To-day's rate of Ex- change T.T. on London is 1/3 7/8

Commerce and and on Shanghai 7414.

Finance

Forward Settlement Days:-March 122 and April 26, 1932:

SHARE MARKET.

Weekly Reports by Brokers.

A the

Bank of East Asia are buyers at $118.00.

66

TONS OF MONEY."

Embarrassment of

Dealers.

CHURCHES

A CHARGE OF ONE DOLLAR 19 MADE FOR ALL NOTICES THIS UNDER

HEADING

ST. JOHN'S CATHEDRAL, HONG KONG.

March 20, 1932, Palm Sunday. Holy Communion, 8 a.m. Holy Communion (Peak Church),

The tons of metallic money of 8 a.m.

Children's Service, 10 am. Matins and Sermon, 11 a.m. Preacher: The Vory Rev. The

Dean.

Subject: "Detachment." Holy Communion. 12.15 p.m. Evensong, 6.30 p.m. Preacher: Rev. H. V. Koop. Subject: "The Eternal Spirit." Protestant Cemetery Chapel. Evensong and Address at 5.15

HOLY WEEK SERVICES.

Monday.

7.45 a.m.-Holy Communion. 9 a.m.-Matins.

5.30 p.m.-Evensong & Address,

Tuesday.

7.45 a.m.-Holy Communion. 9 a.m.-Matins.

Insurances: Canton Insurances are wanted at $1,200. Underwriters have been neglected, the rate being $4.06 nominal. Union Insurances are nominal at $445. China Fires small denomination minted by the ure buyers at $560 and there are British and French Mints for Q. A. HARRIMAN.

Roumania to take the place of cer- also buyers of Hong Kong Fires at

tain bank notes which had become |$1,200. Friday, March 18.

Shipping: Waterboats are buy- unusable following exchange depre- Mr. G. A. Harriman's weekly! share report and market reviewers at $23.00. All other stocks in ciation, have created a new trans- this section are nominal at quota-purt problem for the small dealer. | Issued at noon. states:—→

tions.

A furnisher of the commercial The market during the past

of the arron- Mining: This section is entirely department of one week has been exceedingly

dissements of the Mayoralty of bright and a great deal of acti- neglected. vity has taken place in all sec-Hong Kong Hotels Old shares have 200,000lei, or less than 2400 at the p.m.

Lands. Hotels and Buildings:-Bucharest recently called to collect tions. It is more or less cus-

lack improved to a buying rate of $14.15 present rate. To his surprise and! tomary for the market to

after business at $13.90/14.00. The embarrassment he was handed over initiative when approaching the New shares have buyers at $13.86. 28 sacks of heavy metal, each con. ordinary monthly Settlement

Hong Kong Lands are wanted attaining 7,000 lei, and weighing al- Days, but the approach of

$74.50 with sellers at $75 and sales together over 15 cwt. While the March Settlement has been

nt $74.75. Hong Kong Realtys are recipient was scouring the streets with distinct exception DOMINICAN REPUBLIC

volume of trading increasing day buyers at $10.40 after sales at in search for a dray, a guard was Rev. F. Freeman, R.N. INDIA

$9.90. Humphreys are sellers at employed to protect the sacks, by day. The improvement is en- ITALY

which were later moved by a gang tirely due to renewed confidence $17.25. JAPAN

of men. Cottons:-Ewo Cottons are buy-i with the arrival of the League

Since the largest bank note in Commercial and Travellers' Letters Delegation in the North, and iners at Taels 14.70 but there is little] of Credits, Travellers' Cheques, Bills!

circulation at present is 1,000 lei, Rev. F. Freeman, R.N. business doing. all rates were of Exchange and Cable Transfers consequence

Docks, Wharves and Godowns:or less than £2, it is expected that! bought and sold. Current Accounts marked up. The speculative sec-

7.45 a.m.-Holy Communion.. Kowloon Godowns are wanted at similar incidents will occur until and Savings Book accounts opened tion was the first to show signs

9 a.m.-Matins. and Fixed Deposits in local and for- of improvement with Cements, $144.50. China Providents Old the 5,000 lei notes are in circula-

5.80 p.m.-Evensong & Addreas, eign currencies takan at rates that Lights and Hotels in principal de-shares after sales at $4.95/5.00 tion, especially since the quantity may be ascertained on upplication, to

mand, being marked up to have further buyers at $4.95 with of metallic money is increasing and Rev. F. Freeman, R.N.

Thursday. We are also able to offer our Cue- $18.85. $21.75 and $14.25 res-

The New an additional order for 1,800,000- tomers the services of the Branches pectively, but movements were shares have buyers at $2.30. Kow-000 let has recently been placed, of the International Banking Cor- slow and cautious.

with the British and French Mints. The Invest-loon Docks are sellers at $29.00. poration in Spain and also of The National City Bank of New York

ment section did not respond

Public Utilities: Hong Kong! (France), SA., in Paris and Nica. quite so readily although Elec- Trams are buyers at $21.00. Star

Ferries are trics, Lands, and Trams

again in demand atj R. M. MCLAY,

unobtainable anywhere

$91.00. China Lights Od shares are Sir Edward Davson, chairman of Manager.

quotations. The Sterling section wanted at $20.60 and the Hong Kong, March 1, 1882

New the British Empire Producers' Or- 10 a.m.-Children's Service. was slow in reacting although shares at $20.10. There are sellers ganisation, has submitted, on behalf

11 a.m.-2 p.m.-The Three Hours' tumble of Old shares at $20.75. Hong Kong of that body, to Mr. Neville Cham- Devotion, Rev. G. K. Carpenter, exchange took quite a THE BANK OF TAIWAN, LTD. but a fairly brisk turnover took Electrics are buyers at $74.25 and berlain proposals for preferences to B.Sc., Warden of St. John's Hall.

place in Banks and Unions at ris- sellers at $74.75. Hong Kong Tele- Empire primary produce which re-

9.16 p.m.-Passion Music. ing rates.

The market closes phones are in demand at $23.00. present the agreed views of the ori with a distinctly cheerful tone. Miscellaneous: Cements have ganised primary producers through- Banks. After active trading improved to a buying rate of $18.60, out the Empire, says the Financial Hong Kong & Shanghai Banks sales taking place at $18.30/18.60. Times of February 2.

the Bank.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipek, Formosa.

Incorporated by Special Imperial

Charter, 1809.

Central Bank in Formosa.

BRANCHES AND AGENCIES: JAPAN :-Tosko, Yokohama, Kobe, Osaka, FORMOSA-Giren. Kagi, Karenko, Beelung. Makong Nasto. Blinchiku, Taicha, Tainan, Takso, Tamol, Tosa, Heito, Teito. CHINA-hanghai, Hankow,

Fooelia Awalow, DesiSq. OTHERS-Hong Eng Hingapore, Boakye, Bomarang, Batavia, Bombay, London, New York, Daire.

amoy.

LONDON BANKERS: Karalayı Bank, Lid., Lloyds Bank, Ltd.

Midland Park, Ltd., Weximianter Hauk, Ltd.

Curemmal Centres thanughout the world.

K. NAGIRA,

were fear

sellers asking $6.10.

EMPIRE PRODUCE.

I

closed rather quiet sellers prevail- Hong Kong Ropes have again come A system of quotas on wheat is ing at $1,460. Bank of East Asias in for demand at $17.00. Dairy recommended. The policy advocat- Bras-Notes Imued Accregos amount ... 12,000,000 met with enquiries at $119, sellers Farms continue buyers at $28.50 ed regarding ment is the adoption

asking $122.

with sales at $28.75. Hong Kong of a tariff comblued with a quota system so framed and Insurances-Unions changed Amusements are wanted at $20.00, or licence hands at $445 closing with sellers Constructions are buyers at (Old) managed as to safeguard the con- at this rate. China Underwriters

$6.25 and (New) $1.90. Lane, sumer. Bacon, hams and tinned were in demand at $4.

Crawfords after a long period of meats should be included. Foreign stagnation are buyers at $5.75 butter, cheese and eggs are stated Shipping Douglases

were (Old) and $5.50 (New). Watsons to be suitable for a tariff with an neglected, Hong Kong Steam-

are wanted at $15.50. Powells are effective Empire preference. boats were wanted at $221⁄2.

Docks, Wharves and Godowns.-tainments are buyers at $15.00.

in demand at $3.35. China Enter-i It is recommended that an import The Bank is Correspondents is all the princip Hong Kong & Kowloon Wharves

duty of 5s. per cwt. should be levied Dividends, Etc.: Hong Kong on Foreign were featureless with sellers at Fire Insurance Co. have declared a entry for

raw apples, with free) the Empire product. $144/2 Hong Kong Docks were dividend of $50 with an Exchange Oranges, grape fruit, bananas and put through at $27. Providents remained steady with buyers at 35 Dividend of $5.00 making $55 in honey should pay duty, with free for the old shares and $2.30 for all. They have also made a call of entry for Empire produce. Further, $50.00 per share and have declared that there should be a duty on for- ja special dividend of $50.00 per eign pink salmon and a smaller one! Hotels and Real Estate.-Hong share, all payable on the 30th for foreign red salmon, with free Kong & Shanghai Hotels. (old) at Instant.

entry for the Empire product, tracted great attention, business having been effected at rising rates from $18.60 to $14.25. Hong Kong Lands firmed up with en- quiries at $742. Hong Kong Realtys improved a great deal, buy- ers prevalling at $10.50.

THE MERCANTILE BANK OF

INC.

THE BANK OF CHINA.

行 銀國中

Head Office:-65, Broadway,

New York.

Slangor.

HONG KONG BRANCH:

5 Do Your Road Central. Hong Kong, December 4, 1931

Reorganised October 26, 1928, ander

Capital

special charter of The National Gov- erament as an

Surplus

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

$25,000,000.00

Pald-Up Capital

$24,710,200.00

.$ 3,820,503.82

Brale

Reserve Funds

HEAD OFFICE: SHANGHAI,

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.

Reserves

Antwerp Achar

Barlip

U.S.$0,000,000 .U.9.$1,572,454 .U.S.$1,908,209

INDIA, LTD.

HEAD OFFICE

10, Gracechurch Street, London, EC.8.

..£3,000,000 1,800,000 1,050,000 Roserve Fund and Best 1,656,845

BANKENB:

The Bank of England à Midland Bank, Ltd. ВПАНСКИЯ:

Ipoh

BRANCHES:-

Acılardam

Овнов Olangow Varans

Now

Authorised Capital

Harburs Karta Interlaken Jacunalem Lido London Liverpool Lunetin Larso

Napla Firs Pari

Subscribed Capital

Paid-up Capital

Penang

Peking Palurtor. lallerdars Jtpora Bubout

Jangkok

Shangha

Southampto $:appon

Balerin Bottibay Calcutta

Kets Bhan

Colombo

Kuala Lipis

St. Mori

Delki

Kuala Lumpur

Rootsio

Gallo

Tienda

Munkeb

Tanios

Rong Kora Howra

Madras

Sourabaya

New York

Montreu Mins

Yokohama Zurich

HONG KONG BRANCH.

Branches of American Express Com-

Eliarita Botebay Bratun Brussels Buenos Aires Caire CHIA Capoe

JLUID Coletu bo

Staralli Constantloopis Monte Carlo

Copenhagen Vanila Edinburgh Покров OPDOVA

We also handle the same of Bonds pany in Principal cities of United and other Public Funds of the Chin-

ese Government both at home and States of America and Canada. abroad.

SHOU J. CHEN,

Manager.

All classes of Commercial Banking Transactions undertaken.

Hong Kong, 6th March, 1981.

Personal investment sccounts

THE YOKOHAMA SPECIE BANK, handled.

LIMITED.

Batabilated 1880.

Gapital (fully paid-up) Yen 100,000,000 Reserve Fund Yen 117,800,000

Head Ofics:--YOKOHAMA,

Branches and Agencies atı

Alexandria

Batavia

Berlin

Bombay

Canton

Calcutta

Changchun Dairen (Delay) Feertien (Mukden)

Harbin

Hoir Kont Honolulu

-Yusn

Karachi

Kobe

Fondon

Los Angeles

Nagasaki

Nagoya

Newchwang

New York

Ouka

Faria Felping Rangoon

Rio de Janeiro San Francisco Seattle

Shimono old Singapore Soarabaya

Sydney Tientaln Tokyo Tsingtaw

Internat allowed on Curres Deposits received for fired

at rates to be obtained on application:

Hong Kong, 11th March, 1982.

The Company offers to intending Travellers the use of its "Travelleri Cheques and Leiters of Credit and, In addition, the world-wide services of its thoroughly · squipped Travel Department..

E. W. DUGGAN,

Manager.

Kandy

Excell

Penang Port Loula

(Maurition)

Rangoon Bimagbui Stola

Kaplan (Pabang) Singapore

the new.

Cotton Mills.-Ewos showed some improvement and were nego- tiated at Tla. 14.50/15 closing firm at the latter figure.

Publie

WORLD ECONOMIC

CRISIS

EXCESS OUTPUT HINDERS RECOVERY.

The prospects and methods of consumption could possibly fullow, Utilities.-H.K. Trams recovery from the existing world but made it possible to sell a rápid continued steady and were in de crisis are reviewed at some length prices without the inflation of pro- ly increasing output at falling Every description of Banking and Exchange builimand at $21 without attracting ne noted,

Travellers Choques fassad,

C. L. SANDES,

5.30 p.m.-Evensong & Address,

Wednesday.

7.45 a.m.-Holy Communion. 9 a.m.--Matins.

.

5.30 p.m.-Evensong & Address, Rev. F. Freeman, R.N.

Good Friday...

7.45 a.m.-Matins, Litany & Ante Communion.

Easter Eve.

10 á.m.-Ante Communion.. 5.30 p.m.-Festal Evensong.

Easter Day.

7 a.m.-Holy Communion.

8 a.m.-Choral Eucharist.

8 a.m.--Holy Communion at Peak

Church.

9.15 am-Parado Service. 10 a.m.-Children's Service.

11 a.m.-Matins and Sermon, Preacher: The Bishop of Victoria.

12.15 p.m.--Holy Communion. 6.30 p.m.-Evensong & Sermon. Preacher: The Very Rev. The Dean. Monday in Easter Week. 10 a.m.-Matina. 10.15 a.m.-Holy Communion. Tuesday in Easter Week. 7.45 a.m.--Holy Communion.

WESLEYAN METHODIST CHURCH, WANCHAL.

Opposite Royal Naval Hospital. -

Queen's Road E.

Sunday, March 20, 1932, Palm Sunday.

Morning Service, 10.15 a.m. Evening Service, 6 p.m. Preacher: Rev. Erris C. H. Tribbeck.

Sunday School will meet at 8 p.m. at the Church (Open School -Special blackboard, lesson).

At the Sailors' & Soldiers' Home.

Sunday at 8.15 pm-Service Tuesday at 8 pm.-Fellowship Men's Hour.

Meeting.

ly Meeting, S. & S. Home Commit-

UNION CHURCH.

sellers. Star Ferries were sought in the current issue of Business fits becoming apparent or the sub Trustee and Executorships under-for at $91. China Lights (old) Barometer, the official organ of the sequent over-investment which those Wednesday at 5.30 p.m.--Month- taken.

INTEREST allowed on Current Acconta were done as high as $21.75, H.K. Federation of British Industries. profits encouraged. Fixed Deposits at Rates that may be ascertained Electrics

and romained steady

In an article under the title of After dealing with the part play-tee, on application.

could be placed at $74.75. Tele- "The Great Fost-War Moneyad by gold as the balancing medium phones (pp.) were better with Illusion," a challenge is issued to in discharging credits and debts, sales effected at $23/23.50,

the views of those who believe that the question is asked: What is the Miscellaneous, Cements (e) the causes of the present crisis are way out?. Must we revert to the were very popular and were dealt merely monetary, and the diagnosis)system of separate and independent in at rising rates from $18 to $1885) of the trouble is given as one of States ringed round with tariffs, closing duite firm at $18.80. H.K. overproduction.

each with. Its own separate national

7. Queen's Boad Dentsal.

Hong Kong, 29th April, 1081.

Manage

Job Printing

PLASONABLE

PRICES

THE NEWSPAPER: ENTERPREER · LTD. ANIAA KAIL BLDG. •, NA WYRSLAN ST.

THE BANK

OF EAST

ASIA, LTD.

Established 1918). HEAD OFFICE:

10, Des Voeux Rosid, Central. TRONG CÙNG

Capital, and Burplus Total Resources

aver HL$ 8,000,000.00. over H.330,000,000.00

Every description of Banking and Exchange business terninoted.

Current and Fixed Deport Accounts in facal and for- eign currencies opened for silanta.

Savings Account and Safe Deposit Boxes.”: Branches and Agencies all over the world,

KAN TONG PO,-

Chief Manager:

11:

Kennedy Road, Hong Kong. Palm Sunday, March 20, 1932. Morning Service, (Broadcast).

Evening Service, 6 p.m. Preacher: The Rev. E. G. Powell, Sunday School: Kennedy Road,

FIRST CHURCH OF CHRIST, SCIENTIST.

Ropes experienced a sharp rise, The opinion is expressed that monetary policy? Not necessarily. and were realised as high as $17.75, there is no short cut to prosperity. As a first step, It is contended, it Dairy Forms were in demand at and that heavy losses, will have to seems desirable to revert to pro-war 10 a.m.; Taikoo, 2.45 p.m. 828.25 without any response. L. be borne and drastic reorganisations practice to the extent of approach. Social Hour after. Evening Ser- Crawfords (old) wore asked for at undertaken, but that, provided Great ing the reconstruction of a common vice, $6.60 and the new shares at 35. Britain frames her national polley "International" system by way of Amusements changed hands at wisely, and is prepared to continue the intermediate process of organis- $20.50. Constructions (old), were to make sacrifices and put through at 86/6.40 while the future adventurously, her recovery, balanced, complementary inter-trad- new shares were wanted at $1.90, though slow, should be continuous. Ing groups, maintaining stable in Banch of The Mother - Church. Forward Settlement Daya:- The origin of the present slump ternal exchanges among the men- The First Church of Christ, March 22, April 26 and May 24. can be traced back to 1928, when bers of each group, using gold for Scientist, in Boston, Mass, USA.)

the Federal Reserve Board of external and non-trading purposes America, publicly discarding the only.

CARROLL BROS.

face the ing self-contained countries

or

Macdonnell Road, Below Bowen Road Tram Station. Sunday Service, March 20, 1932, 10.15 a.m.

Subject:Matter."

system elaborated by the Bank of The conclusion is reached that the Hong Kong, Friday, Mar. 18. England as a result of over a cen abandonment of the gold standard In view of the better conditions tury's experience and experimenta by Great Britain on September. 21 prevailing in Shanghai a good deal tion, adapted in its place a new appears to have marked the opening The Sunday School is held on more interest has been taken in the system invented by theoretical of this new phase in the economic Sunday morning at 10 o'clock. **. local market during the week under economists of contrelling the mone development of the world. Already Wednesday Evening Meeting at review in consequence of which tary supply by reference to the price a first step in the new direction is 6 o'clock. there is a marking up in nearly all level.. the popular stocks. Banks' and Unions, however, aré, on the quiet The moment selected for making tarif system, coupled with preferem Tussday and Friday 10 am to ride again.

that experiment was peculiarly untial agreement within the Empire 12 Noons Ewo Cottons-have-been steady fortunate, for it coincided with the an arrangement - which will, doubt; - Monday and Thursday: 5.80 to 7 with only amall business passing rapid explaltation of the new less be followed by commercial p.m

Accelerated Output."

being considered in connection, with Reading Room at above address. the adoption by Great Britain of a open :-

--- Banks1---Hong-Kong-Banks-have mechanical processes of the war era, agreements with other “sterling" in The Publio is cordiali. Invited changed hands at 81,480/1,449 and which not only Roodlerated produc countries and members of the pro to attend the service and visit the there are further buyers at 31,480,-tion far beyond the speed at which war "sterling" group.

Reading Room