1932-03-28 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorized Capital

Laced and Fultz Peld-us

Maserra Funda ;----

Marking 1987

***** # #,#00,000

$10,000.0

.880,800,000

-----

Mossers Liability of Propelators -... $30,000,000 HEAD OFFIOR: BONG KONG.

BOARD OF DIRECTORS --.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Rutabilähed 1917.)

HBAD OFFICE:SINGAPORE. Hong Kong Branch: 18, Queen's Ed. C.

Authorised Capital: Straits $20,000,000 Tarned Capital.... Paid-up Capital

| Reserve Liabilities

Every description of Banking and Exchange business transacted.

TAN ENG HOOT,

8,000,000

4,000,000

HEAD OFFICE: LONDON.

of. Shareholders Burplus

6.000.000

R

1,687,000

Paid-up Capital

£3,000,000

Reserve Fund

24,000,000

Reserve Liability of Pro-

Branches, Agencias and Correspon- dents in the principal cities of the world.

prietors

.£3,000,000

Agencies and Branches:.

ALOR STAR

Deputy Chairman.

AMRITSAR

EVOKING

ВАНОКОК

MADRAS

W. H. Bell, Hog.

1. A. Plumser, Esq.

BOMBAY

ALLOUTTA CANTON CLAWNFORE CEBU

PEPING (Pog

PENANG

BANGOON

COLOKBO DAIREN

BATOON

SEMABANG

DELEI

НЕКРМЕКА

Esa. Mi. 1, J. Paterson.

Üksimam

T. E. Pacos. Mag.

A. $. Ovapron, Bag, T. E. B. Shaw, Bog. Hall. Mr. C. Đ. 9. Mirkia. J. P. Warren, Eu.

6. Kiskia, Eng.

V. M, Grazburn, Esq.

BRANCHES.-

LONDON

ANDT

Dikle! Masager.

LIONE

MALACOA

BATAVIA

ILOILO

MANILA

MEDAN

NEW YORK

RITIAWAN

TAIPING

BANGKOK BATAVIA ΔΟΥΒΑΣ

CALOUTTA

CANTON

CARTOO COLOMBO

MANILA

MUAR (Jchors

MUKDEN

NEW YORK

PEIFING

PÉNANO

HAIPHONG

HAMBURG HANKOW

KARDIN

DONG KONG

IPOK

EARACHI

KLAND

BHANGHAI

SINOPORE

BOTIRABAYA

TIESTAIN

TOKYO

TAIBEX

200CHOW

НАПРНОМО

HAMBURG

BANKOW

HABBIN

HONGEET

KANA

пон

ZDLOEEN

KOWLOON'

KUALA LUMPUR

BAN PRANCI800

RANGOON

SAIGON

BHANGHAI

BINGAPORE

BOURADYA

RUNGEI PATANT

TIENTHIN

TOKYO

TSINGTAO

POEDHAMA

Current Accutie opaneď in Loual Currency and Flood Daponita cenévad for one year of share periods in Loom Currency and dierling we tena which will be quoted on application, Hoog Kong, 27th February, 1933.

HONG KONG SAVINGS BANK.

The Basison of the sborn Bank

sonducted

by the HONG KONG AND SEAHOLAT BANT THE CORPORATION. Ba'se may be obtained as application.

FOR THE HONOKONG AND SHANGHAI MANKINO POBPORATION.

V. M. GRATOURN,

Manager.

THE NATIONAL CITY BANK OF NEW YORK,

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.8.3225,847,468.11

Branches in:-

ARGENTINE

BELGIUM

BRAZIL

TONGEAH (Bhuket)

TRIKOTAO

KODE

TORGRAMA

KUALA KANGSAR

ZAMBOANGA

CHILE CHINA

GOLOMBIA

KUALA LUMPUR

Foreign Exchange and Banking business transacted.

LONDON

MEXICO

PANAMA

PERU

and

Commerce

Finance

GREAT BRITAIN'S TRADE

WAR LEGACIES.

Putting Her House in Order.

MONDAY, MARCH 28, 1932.

POST OFFICE'S FUTURE

NO OFFICIAL DECISION YET.

Committee Inquiring.

A committee is being set up by Business men will ask if the time is the Government to conduct an not ripe for a return to the penny examination into the character and post."

organisation of the Post Offer, and Association of British Chambers if necessary, to recommend what of Commerce: "We heartily wel- changes shall be made in its consti- come the "proposal." tution in order to improve the London Chamber of Commerce: "For the last twenty years we have efficiency of the &rvice, says

been advocating the separation of At present no official decision has the telephone and telegraph services

Home paper.

men out of employment; threw the ing the new world, but it also has were expressed:

The opening sentence in the West, decadence. Difficulties in the future minster Bank Review, for January, may arise from rapidly falling calls attention to the fact that the prices, and these are apparent even nations directly interested in Ger- in the present, and have been far been taken as to the composition of from the other activities of the Post the committee, but it is highly pro-Office, and the placing of them man reparations will soon be meet-reaching.

bable that its chairman will be under a public utility corporation ing to consider whether to amend,i A question that will inevitably Viscount Bridgeman, and that two run on business lines, independent suspend or abrogate reparations. arise is as to the ability of Great other members will be Lord Plender of political control. No doubt this But have they not met three times Britain to make the most of her and Sir John Cadman. already in 1921, 1924 and 19297 new opportunities. This country en-

¡is one aspect of Post Office reform But let that pass. The late war left joys not only an unrivalled geogra-ness men and organised business ccmmittee, the appointment of The decision is welcomed by bual-which will be considered by the new a legacy which laid waste industry phical position on the globe, at the societies, and the following viewabwhich the Chamber heartily wel- in many countries; put millions of doorway of the old-world, and fac-

[comes." world's monetary machinery out of the inestimable assets of an energeers: "The inquiry is certainly no-

National Union of Manufactur- Viscount Wolmer's Comment. gear, and upset the financial relatic and stable population, a com-cessary. The committee will doubt-sistant Postmaster-General In the Viscount Wolmer, who was Ag- DOMINICAN REPUBLIC

tions of half a century's standing-mercial organisation, and traditions less consider the question as to isst Conservative Government, and At first, the vanquished were without a parallel. It is a national whether the Post Office shall be run who has taken a leading part in the INDIA ITALY

mulcted in large suma, and the duty that these advantages should as a Government department or on criticisms of the Post Office, said: JAPAN

Allies refused to accept payment in be maintained, and **while Commercial and Travellers' Letters the only

the the lines of a public utility author-, "Such a committee is exactly what currency in which world's affairs are being placed on ity. of Credits, Travellers' Cheques, Bil

It is also essential that they is wanted, and it looks as if it will such

be paid- Transfers of Exchange and Cable

a national basis, the country must should decide whether it shall be be the right type of body to make bought and sold. Current accounts merchandise-which has reach-

face and complete the task of run mainly with a view to supplying such an investigation. Those of us and Savings Bank accounts opened ed the deadlock which

soon-putting its house in order." and Fixed Deposits in local and for-

a heavy surplus revenue was inevitable.

for the who have been critical of the pre- eign currencies taken at rates that Reparations have become the lead-

Treasury, or with a minimum of sent services will not let the mat- may be ascertained on application to the Bank.

frig issue of an hour in which poli-

profit for the benefit of the public, ter be pigeonholed.""

General RO

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.

(KETHERLANDS TRADING SOCIETT)

BANKERS.

Established 1824.

Hong Kong Graco 1-13, Queen's Road Central.

Authorised Capital Pald-Up Capital

Chist Manage

Beserve Fund

Hong Kong, di February, 1932,

THE BANK OF CANTON, LTD.

Establlabed 1912.

Head Office:-Hong Kong. authored Capital (1.8. Currenty) ---#14,060,000 Paid-Up Oupit semimeman

1,100,000

Boers Pund summa

BEANCHES:

.com

Danton, Shanghai, Haakow, Evslow. Bangkok, New York and San Franateso.

LONDON BARZERO:~

Tha Lloyd's Beak, Limited. CORRESPONDENTE

In all principal oltine of the World.

Foreign Exchange and baking bertiuase of

moripling inconoted.

www

Sala Depolis Boxes (various sives) at a poorly

rental of from $40.

LOOK POONG SHAN,

Chief Manage.

THE BANK OF CHINA.

行銀 國中

Reorganised October 25, 1928, under

INTERNATIONAL EXCHANGE

Gulider 150,000,000-

Galida 80,080,000- Oulidars 40,019,000D.

Bombay. Djok-

Head OfficeÁMSTERDIN®. Eastern Head Once-BATAVIA.

Bandoerg". Branches-Bendjarmsala,

Calouste, Chartbon, Deziber, skaria", The Elaque", Judio, Makmonar, Medad, Palembang, Paka long, ang, Bangoon, Batterdac Semarang“, Khanghai, Blamapore, Sour bala, Boerakarta (Bold), Toyal, i and Weltevredes",

• These offices have Gale Deposit Bosse to Lek.

LONDON BANKERS :-

NATIONAL PROVINCIAL BANE LTD.

Correspondental over the world. Banking Busi am of story description transastad.

A. STOKKINE..

floog Kong, fat December, 1961,

THE

Kunigt.

AMERICAN EXPRESS COMPANY.

.U.S.$6,000,000 .U.5.$1,572,456 .U.S.$1,908,209

CUBA

PHILIPPINE.

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

can Bums

er or

later

We are also able to offer our Caz-tics and economics are conspicuously MINIMUM INCOME FOR

tomers the services of the Branches fused and inseparable.

of the International Banking Cor- poration In Spain and also of The National City Bank of New York (France), SA, In Paris and Nice. R. M. MCLAY,

Manager. Hong Kong, March 1, 1982,

There

Idle Speculation.

មុន

to be 4 for- ither conference in February. to thrash out the disarma- ment question. Until the re- sults of these meetings are known, it is idle to speculate upon the im-

THE BANK OF TAIWAN, LTD.medlate outlook for British trade.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Impérial

Charter, 1899,

MARRIAGE.

Primate's Plea for Clergy.

The proposal was criticised by Mr. J. W. Bowen, general secretary of the Union of Post Office Workers, who said:

ordinary person would dream of living in without an income of at

I am surprised to find that the least £800 a year. "Remember,"

Government have allowed them- he said, "that. the clergy have to selves to be stampeded into the set- meet all the requirements neces

sitated by the traditions of our ting up of this inquiry, for it is social life in England. How can merely the result of a campaign Speaking of the small incomes that possibly be done on less than which apparently is founded entire While admitting that the failure of

It is wonderful toy upon prejudice."

It will be recalled that when the either conference would be in the of clergymen and their many £400 a year? nature of a catastrophe, the writer sacrifices, the Archbishop of Can me what the clergy achieve on

terbury, presiding recently at the their resources. It is wonderful National Government was formed a proceeds to argue that the state annual meeting of the Hostel of how the wives of the clergy keep memorial was signed by over 800 manship of Europe and America

St. Luke at Londonderry House, up their spirits, their standard of P. asking for such an inquiry will prove equal to the task of London, said that young people living, and

their

cheerfulness as the one now being arranged. achieving success.

Lord. Bridgeman has been Firat What, then, had told him it would be useless when they themselves are prae- Bauh-Notes lesued Average amount. Yes. 15,000,000 would be the prospects of British for them to marry unless they tically acting as cooks, govern- Lord of the Admiralty, Home Secret-

industry in a race in which com-

were assured of at least £700 or esses, housemaids, as well as be- ry, and Secretary for Mines. Lord FORMOSA-Glan, Kişi, Karenko, Empetitors of different nations would £800 a year. More than 6,000 of ing at the service of the parishion-Plender, who is a well-known char- Kakong, Hesto, Salechin, Taichu, Talean appear on the scene? Since the the clergy, however, had incomes ers. Yet clergymen made great tered accountant, served on the May

Your Frockow, war, British trade has never regain of less than £400 a year. efforts to give their sons and Committee on National Expendi OTHERS-Hong. Eng. Singapore, Baratayed its former dimensions. Board of

"I hope most of us here, evanj daughters a public school, and ture. Sir John Cadman is a mem- Bemarang, Batavis, Bombay, London, New Trade returns show that, between the oldest," he said, "will live to often university education. ber of the Council of the Depart 1924 and 1929 the volume of British see the day when 2400 a year is When liness came into a clergy-ment of Scientific and Industrial manufacturing activity has been in the least that will be tolerated."man's household, how could it be Research and of the Economić Ad- He is chairman of creased by as much as 151⁄2 per cent. The Archbishop said that many of met except for the aid of the Hoa-visory Council. The Bank hee Correspondents is all the principu Before the war, the country's trade the clergy occupied houses that no tel of St. Luke?".

the Anglo-Persian Oll Co.

Centrst Book a Formosa,.

BRANDHED AND AGENCIES: JAPAN:-Toyko, Yokohama, Kobe, Osaka.

Takso, Tamani, Town, Italia, Taile, CHINA-Bhagból,

Burstów, Canton,

York, Dare

LONDON BANKERS: Barclays Bank, Ltdy Lloyde Dank, Lid.,

Midland Bank, Ltd., Westminster Back, Lid

Commercial Centres throughout the world.

Manager.

UNCLAIMED TELEGRAMS.

INC.

NAGURA.

Head Ofc-65, Broadway, New York

HONG KONG BRANCH:

8, Des Your Road Central, Hong Kong, Dosersber 21, 1981.

Capital

special charter of The National Gov-

ernment as an

Surplus

Reserves

BANK.

BRANCHES :--

Subscribed Capital

..$25,000,000.00

Pald-Up Capital

.$24,710,200.00

Amateurs Antwork

Geson

Nica

Glasgow

Maplew

Athen

ESTION

Beats

Hammers

Sele

Diarrita

Bamber

Be

Brussels

Cairo

Best Kirm

Barto Interlaken Jardim Lido Lordon Liverpool Luceros

Prezza PATIA Feneng Faking Pilerts Betterdac Louse

Blamboul

Calustia

Lugans

Luxor Colombo Marseilles Constantinoris Monte Carlo

Reserve Funda .... ...$ 8,820,508,82

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Bond 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.

Copenhagu Manila

Toburgh Florsson Ответа

Munich Hostes

Milan

Shanghai Houthampton Bizgapor

51. Modia Piscicla

Vienna

Fanise

Yokohams Zurich

Branches of American Express Com-

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

and other Public Funds of the Chin-

Abroad.

- SHOU J. CHEN,

Manager.

Hong Kong, 6th March, 1981.

All classes of Commercial Banking Transactions undertaken.

Personal investment accounts

THE YOKOHAMA SPECIE BANK, handled

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Yen 117,300,000 Reserve Fund

Head Office: YOKOHAMA.

Branches and Agander at:

Alexandria Batavia Berlin

Bombay

Calcutta

Caton

Changchun

Dairen (Dalny)

Hamburg Beukow

Nagasaki

Nagoya

Newchwang

New York Omk

Volping

Rangoon Fengtien (Mukden) Rio de Janeiro

San Francisco Seattle Semarang Shangha

Harbin

Hour Kong Honolulu

Kai-Tuen

#Karachi

Koba

London

Los Ángelai

Shinonouns Bingapore Boerabaya Bydney Tisatsin

Tokyo

Internet allowed on Current As

Depdeltaresel ved for.

zater to be obtained.

The Company offers to intending Travellers the use of its "Trdvellers Cheques" and Letters of Oredit and, in addition, the world-wide - services of its thoroughly equipped' Travel Department

E. W. DUGGAN,

Manager.

was not fully keeping pace with the growth of Internal trade-more significantly in the matter of ex- ports than of imports. What the writer in the Review asks, is the nature of the comparison between the recent figures of British exportai and those of the last year before) the war? The answer is approxi- mate: the figures as given do not make a creditable showing, but from

The following unclaimed tele these it would be dangerous to draw gram is lying at the office

of extreme conclusions. To maintain

the Great Northern Telegraph a higher standard of living, the Company (Limited)

mark:-

Silverlead, from Kobe.

of

Den country bag been drawing, to a greater extent than before the war, upon the proceeds of its invisible F. V. JENSEN,

jexports, and has been spending more Superintendent. of each year's total national income, Hong Kong. March 23, 1932.

and adding less to capital.

Comparisons.

The following unclaimed tele gram is lying at the E.E. Tale graph Co.'s office.

Nicolson, from Helmond.

C. C. CLARKE,

Manager. Hong Kong, March 18, 1982.

Bring Your PRINTING

The case with other nations is, considered in the light of statistica as applied to Britain's trade rivals -the United States, France, Ger- many and Japan. The statistics given in this connection are well worth careful study as the conclu- sions are striking. For example, in 1929, when the absolute volume of British imports was 21 per cent. above the pre-war level, Britain's share in the world's teal imports had actually declined to 15.24 per

cent. as compared with 16.48 per

cent. in 1913. The respective

· Problems to Ushares of her two great Continental

THE NEWSPAPER DITERPRISE LTD.

·CHINA MAIL. MEDA. ABA" WYRÉNAM NE.

THE BANK OF EAST

Established 1918.

·HEAD. OFFICE:

and Įrivals, FrancE

Germany, over the same. similarly declined period that of France, from 8.88 per cent of the world's total in 1913 to 6:43 per cent in 1929, and that of Germany from 18.14 por cent. to 9.03 per cent.

In the table of exports, the same

ASIA, LTD. tendency is even more strongly

10, Des Voeux Road, Centrál

HONGKON

Capital and Surplus Total Resources

-over: H# 8,000,000.00 WYETH.$80,000,000.69

Every description of Manking and Exchange business. transacted.

Current and Find Depósl Accounts in lodal and for- wigu: currencies opened for allentaa

Savings Account and Safe Deposit Hazes, Branches and Ageneiss zil ovir: the-World:

KAN LONG PO,

marked. Great Britain and her competitors all show about the same decreases in their respective shares of the world's total. It is possibla that certain changes may be due to the fact that, before the war, thả newer trading nations had reached a less advanced stage in their com mercial evolution. Great Britain and France have secured a declining share of the world's total trade, and countries America and an increasing -- share lod It Is

new

coun

a

Embassy

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