1932-04-06 — Page 2

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BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Ayilerised Ospitai·

$84,800,708

Loved und Fully Puld-op 300,000 Besorts Punda-

€6.500.000 $10,000.00

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorperated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

THE CHINA MAIL.

THE HO HONA BANK, LTD.

(Established 1917.)

HEAD OFFICE:--SINGAPORE. Hong Kong Branch: 18, Quaon's Rd, C.

Authorised Capital Straits $20,000,000 Issued Capital.... Paid-up Capital

Reserve Abilitias

of Shareholders

Surplus .....

8,000,000

4,000,000

Commerce and Finance

2,687,000 THE SETTLEMENT OF ECONOMIC

Branches, Agencies and Correspon dents to the principal cities of the world.

.23,000,000 £4,000,000

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

TAN ENG HOOL

Paid-up Capital Reserve Fund

Reserve Liability of

Pro-

prietors

Agenries and Branches:

KUCHINO

HADIAS

NANILA

MEDAR

THE NATIONAL CITY BANK OF NEW YORK.

PEPING (Poking)

Mooners Klability of Proprietore ............. $20,900,100

READ OFFIOR: HONG KONG.

BOARD OF DIRECTORS |--

Hou, Mr. J. J. Falsenna.

Chairman.

T. E. Paaron. Bəy.

Deputy Chairman.

Won. Mr. W. D. Boll. T. A. Plummiar, Bog.

Onion, Baq. MUT. Jabavon, Eng.

ALOB HIAB

AMKITSAN

BANGKOK BATAVIA BOYDAY

T. H. a. Shaw, Zaq.

J. P. Warren, Xıq,

G. Mihls, Eq.

T. M. Graybure. Em. Chef Manager

DALOUTTA CANTON DAWNPORE DSBU

NOT

BANGKOK

HALVOKER :—

LORDON

LIONS

BATAVIA

MALACOA

RONDAY

MANILA

CALCUTTA

MUAR (Johor)

MUIDEN

NEW YORK

PEIPINO

CATTON

CHIFOO

OGLAN BO

PENANG

BANGOON

BAIOON

COLOMBO DAIREN

DELUI

JAIPHONG

HAMBURO

NEW YORK

PENANO

ЛАХОДОМ

SAIGON

- KEMARANG

KEREMBAN SHANGHAL BINGPORE SITIAWAN SOFRABAYA

HANKOW

STARDIN

HONG KONO

ILOILO

IPOBI

KARACHI

ELANO

KUALA KANGSAR

TORIO

Manager

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital. Surplus and

DISPUTES

(By James One.)

WEDNESDAY, APRIL 6, 1932.

HONG KONG STOCK EXCHANGE

Opening Daily Official Quotations, April 6, 1932. NEXT SETTLEMENT DAY, TUESDAY, APRIL 26, 1938.

STOCK

Banks.

Day Foll-

Sales Nom Fla

erw

YANT

Hong Kong Bank ...... 1503

(Loa. Reg.)...

Chartered Bank ........ Mercantile Ek., Ažß. £

Lan dividend and when paid

Feh, 14, 29

Dee, Finn at UB)-911.741

making 20 for 11

100. Pla. 76 Hub to Tarafo 1 Pending

1500

11 J

104

201

KIO

Deo. Int. 7% a 1031 Jens LITE......

c. for ixl)....

Mar, 3.80

Dec.

•

Bank of Asin 214

Insurances.

An interesting document has been, viduals. It can only variedly dealer. O. Fin, Corp.M issued by the Economic and Fin-with the dispute on a joint applica- tion from the parties to the case, ancial Committee of the League of while its jurisdiction will extend to canton Ins............ Nations, providing for a procedure all disputes concerned with matters

Union Ins... for the "friendly settlement of of an economic nature.

It is pro- economic disputes between States." posed that 14 experts should be ap

China Underwriters...§ It was in March 1930 that the pointed by the Council of the Chias Fire Ins.

Undivided Profts U.S.$225,347,460.11 | French delegate to the so-called League on the proposal of the Econo- H. K. Fire Ins.......

"Tariff Truce Conference" suggest-mic Committee. They must be of

MEXICO PANAMA

PERO PHILIPPINE

ISLANDS

ad that a permanent organ for con- different nationalities, be "persons International Assee. Th. ellation and arbitration should be enjoying the highest esteem," be of

Shipping.

set up for the settlement of all dis-recognised competence in economic Douglasts....... putes of an economic nature which questions, and be familiar with the H. K. Steamboats ...5 might arise between States. The problems involved in the regulation

Indo-China (Pref.) ...$ Economic Committee was asked to of economic relations between coun draw up concrete proposals on the tries. SETTLEMENTS subject. A closer study of the The experts are to be entirely free question suggested that the creation to follow the procedure they deem of a new permanent organ might best in each particular case.

PORTO RICO

STRAITS

TAIPINO

TIENTSIN

ARGENTINE

Branches in:--

LONDON

TONGKAH (Ekot)

BELGIUM

TRINOTAU

BRAZIL

KOBY

YOKOHAMA

CHILE

ZAMBOANGA

DAIREN

KUALA LUMPON

CHINA

POOCHOW

HAIPHONG

HAMBURG

BAN PRANCISCO

Foreign Exchange

and

General

COLOMBIA CUBA

HANKOW

BHANGHAI

НАЙВІН

BINGAPORE

BOURABTA

BUNDEL PATANI

TIENTSIN

TOKYO

TEINOLAO

ed Deposits received for one year or shorter perioda rates which will be quoted on application.

J. STUART,

DOMINICAN REPUBLIC INDIA ITALY JAPAN

Manager.

Bong Kong, August 17, 1931.

ЯONOKEW

FLORLO

IPOH

JOHCAM

CODE

KOWLOON

KUALA LUMPUR

TOKOHAMA

Curiat Anunt opened is Love Carray mized Deposite consired for one your or shorter perioda in Local Currency and Burling ** terme which will be quoted in appilation.

Hong Kong, 5th April 1932.

HONG KONG SAVINGS BANK.

Business of the above Bank la conducted ONG HONO AND SHANGHAT BANE- INO CORPORATION. Blu' be obtained

spisilan.

FOR THE HONGKONG AND BEANDHA] HANKING OORPORATION,

7. M. GRAYBURN,

Banking business transacted.

Current Accounts opened and Fix-

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADINO BOCIETY) www.mc.com BANKERS.

Established 1824.

Bong Keur Olesz-il, Queen's Bond Central.

Authorised Capital

Fold-Up Capital Brave Fund magn

Chief Manager.

Hong Kong, 27th February, 1933.

THE BANK OF CANTON, LTD).

Established 1912.

flead Office:-Hong Kong.

Authorized Capital (H.K. Currency) ...011.060,000 Palk-Up Capital

Merri Fuad taggaran

BRANCHES

8,845,000 1,180,000

Ewalow,

Osaton, Abangbai, Hastow, Bangkok, New York and Sgs #ancisco.

LONDON BANKERS 1-

The Lloyd's Dank, Limited. CORRESPONDENTS

De së principal cities of the World.

Persija Kazhangs and beating business of

Try koripalon transected.

Deposit Bonces fvarious siswa) be a yearly

Jakšal al from 14 to $40.

LOOK POONG SHAN,

Chief Managar.

THE BANK OF CHINA.

行跟國中

Reorganised October 28, 1928, under

special charter of The National Gov- GZAMINAI JN AÐ

INTERNATIONAL EXCHANGE

BANK.

Qulidərs 180,000,000-

Ouilders 80,000,000. Deliden 40,018,000-

Head Office-AMSTERDAM*. Easiero Feat One-BATAVIA,

Djok

Branaka 1-Bardjarmale, Bandoons", Bomboy.

Calcutta, Charibor, Djember, jakarta". The Hague', 'Hiddah, Kobe, Makassar. Medan. Paiambang, Paka longas, Penang, Rangoon, Rotterdam, Bemerang", Shanghal, Bosapore, Bear

bals, Sourakarta (Solo), Trga Tilatjap and WalterTRID"

• These offess have Safe Deposit Boze të Kai.

LONDON BANKERS -

NATIONAL PROVINCIAL BANK LTD.

Correspondants all over the world, Bauking Buck naa vi avery description transacted.

A. STOKKINK

Bong Kong, Is December, 1991,

THE

Masagar.

AMERICAN EXPRESS COMPANY.

Reserves

the Bank.

URUGUAY

VENEZUELA

وا

| Pinhou. #10 for 1922,

Listacima B 1950. \?? 19. *

Plan 16 her 1229)

Intarireno 1030

Plant 28 bau |

$1980

*** 170

Lips,

Dec. Sons

$500

Dec.

$14 for 2009 Lintangs safe 1230)

May 20, 81

meking $65 for 1930 ..

Mnr. 80.49

*** 1196 | Jeci 1980 adet banta

444

Ter. La dividend ta spikamm

The.Lxvident for 1985

| 131. #x. 27.) un proferrett inno 19, il-

for 1224 and 1928

Fast dividend for 1.

Fioni N Coupon No. (B3 July 6,

(Def.) ...$

Dec.

Shells Bearer......

Union Waterboats ...$

199 99/0

100.fres Tax ale 1930

---

Time

Cene fur 183)......

The

Mining,

Benguets

Loans ....Th.

Venezuela Gold Ficid. $

it7.85

Commercial and Travellors' Letters cause confusion in view of the large parties to an application will be free of Credits, Travellers Cheques, Bills number of treaties which already to ask either for arbitration or for Kailan Mining Ad. / of Exchange and Cable Transfers exist containing provisions for the conciliation. In the former case bought and sold. Current accounts settlement of disputes. and Savings Bank accounts opened

Neverthe- they will, as usual when an arbitrary Langkat (Single)...Tis. and Fixed Deposits in local and for-less, most of the present agreements award is requested, be under an S'hai Exploration...Th elga currencies

taken at rates that involve certain practical difficulties, obligation to submit to the award may be ascertained on application to in particular the difficulty of choos-given and to carry it out in good Rau 974

We are also able to offer our Cus should be submitted.

ing the persons to whom the dispute faith. tomers the services of the Branchse

States are still even more jealous of the International Banking Cor-

It was therefore thought worth of their economic sovereignty than poration in Spain and also of The while to draw up rules of procedure, their political. The number of National City Bank of New York to which States should be invited to economic disputes is, however, in- (France), 8.A, in Paris and Nice. adhere. Those rules have just creasing almoat dally, and there is South Ch. Motors (A)...

been issued. The proposed ma-no doubt that the present sugges- chinery provides only for applications form a highly interesting con- China Providence (old) $ 1.88 tions from governments, whether tribution to the problem of estab- Hougkews...

(new) $21 members of the League or not; it lishing and maintaining económic THE BANK OF TAIWAN, LTD. is not intended for the use of indi-l peace.

R. M. MCLAY,

Manager. Hong Kong, March 1, 1932.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formos.

Incorporated by Special Imperial Charter, 1899.

Captral Bank Formos Dank-Notae sued Average andust...Yen. 45,000.000 BRANCHES AND AGENCIES:

1/2% Matons, Nanto, Bblachiku. Telebu. Tal Bank, 4 months' sight 1/8

1/27%

Takao, Timeui, Toon, Heito, Tallo CHINA ---Shanghai, Hankow, amoy.

Swatow, Cantom. OTHERS: Bang Bang,

Singapore. Soersbays, Bemerang, Balaria, Bombay, London, New Tork, Bairan.

LONDON BANYERS:

Barclays Bank, Ltd., Lloyds Bank. Ltd., Midland Dank, Ltd., Westminster Dank, Ltd.

The Bank b Compondante in all the principal Commercial Contius thughout the world. E. NAGURA.

On demand Credits,

THE MERCANTILE BANK OF Credits, 60 days' sight 25.

Docks, WharTII, Godowns, &c.

H. K. K. Wharves....5 141 H. K. & W. Docks...39

N. Engineerings... Tla.

Shanghai Docks ...Th.

Lands, Hotels &

Baltzings.

Mar. 80, 89

Thee. Fourth Int. centaronicus) Dec 19, 81

251-Jane the Tax Opon 1 Dec - 1

Ost. T. 0.60 let year 25-10-29 marzon

May 1, 20

.10

o. Sun

Dec.

Final 2.0.83

1971

making. 0,00 for 199.

Fob, 6, 81

Mar.and Int.-nde yar 21-3-3

Mar. 16. s

TVB

e. tur Mar. 10,39 Dec. tat diridend for 1924. F

Deo. 16 cents on oil for 1931 Mar, 11, 19

cents on new?

...

4.88

320

16c Interim T. a afe 109:

not, 1, 81

Dr. Tutator 1931 for tid tod on

Mar. 8, 19

901

Apr. T for year [9]

July 99,81

H, & $. Hotels (C.R.)$ [10:34)

(Rights) 9.60 H.K. Lands............. 173

Shanghai Lands ...The.

Enquiries from Abroad H. x. Realties

Encouraging.

HONG KONG'S PART,

London, March 2.

Humphreys ---¶ Metropolitan Lands Tis. ...

Aria Realties "A"' ...MS |

"B"...MS Chinese Estates $90

Cotton Mills,

Ewo Cotton ......Fla 14.70

Shanghai Cong...Il.

There has been little change in Zoong Sings....! the general outlook during the past) Public Utilities. week, and though moderate price H. K. Tramways ...$9 movements have occurred, the under- Peak Trams (old) ...... tone has remained firm. At neither

(new)... Star Ferries...$31 Liverpool nor New York has there raumati Ferries ......

Dec.eta(ai)1>ate.(now) for i931 Mar, 18,89

Ded.

Pinal 12 making så for 123

路

Uoe.

Feb. 16,39

sed T 0.7 for 1991

Fina! T81 houta T

Pending

>=A

1. 10

$1. old

Feb. 99, 82

Den.

10.20

21 180

180

1+1

སྱཱ!:

18"

locants of her?

WITA

far 1951

Des. Pin. 3ots. mak. 0 eis.for 1998)| Adar. 2, 32

Feb. Laterim 87 nic rear 29-8-52 Jan. 80, 89

Dec.

***

T. 1.80 for 1901 A

Pending

Apr.

and T. 123 tor half Fase 31-30-01

Dea. 81

Det

22)

June T. 0-80 for year 30-6-

Oct. 8, #1

Jane 16, 31

Fab, 1.89 -June 18, 21

Dec. Finalista. making B1 for 151) Feb 11,83

15.60 Apr. ne

80 et, on olds for year

Dec. 3 for 19 t was of

{Sept.¦ 80 cte, for year 299-51-.......... Deo. 81, 51

Dec. 3.40 for 1231 Lec.

for 1997 comptat att

Mar. 11,32

EXCHANGES.

JAPAN :-Toyko, Yokohama, Eobe, Osaka, PORNOSA: Giza, Esti,

Barenko,

Keslang.

TO-DAY'S QUOTATIONS.

On London Bank, On demand... Bank, on demand

PIECE GOODS REPORT FROM MANCHESTER.

Baddecom

Poochow

Credits, months'

sight

1/4 %

Documen fry,

3 months alght

1/4

On Paris

596

months'

INC.

sight

660

Ma-Agar.

On Berlin-

Blend Office:--65, Broadway, Now York

HONG KONG BRANCH:

6, Don Your Bond Central. Hong Kong. December 24, 1901.

On demand

Nom,

On New York-- On demand

23%

Capital

.U.S.$5,000,000

Surplus

.U.S.$1,572,454

INDIA, LTD.

On Bombay-

... 37

Dec.

Wire

.U.S.$1,908,209

825%

HEAD OFFICE:

On ddemand

15, moschurch Street, London, E.G.8.

82%

BRANCHES :--

$25,000,000.00

Authorised Capital

£3,000,000

On Calcutta-- Wire

82%

Pald-Up Capital

Reserve Funda

...$24,710,200.00

$ 3,820,603.82

Amsterdam Antwerp Alkane Besla

Berlu

HEAD OFFICE: SHANGHAL

Ellartisa

Barabay

Bremen

HONG KONG BRANCHE:

Bemala

Buenos Aire Czim

Calcutta Canno

Gano Glasgow Having Hamburg ESTIR Loperlaken Jurand Lida L4Dion Liverpool Lenarta Legend

Nice Kaples Pir Paria

Subscribed Capital

1,800,000

Paid-up Capital

1,050,000

On demand

82%

Pannog

Peking

Paler

BRANCHES

Botterdam

Bangkok

Ipoh

Colombo

Luzor Marvellou

Copenhaga Edlaburg Florence Dark

Manila

Constantinopla Monte Carlo

Home Stamboul Bhangha Borthampton Blogspore 81. Morisa

Flanteix Уласхаль

Batavia

Randy

Bombay

Karachi

Calcutta

Kota Bharu

Colombo Dalki

Kvale Lépie

Kuala Lumpur

Jali

Hong Kon[

Reserve Fund and Rest 1,660,846

BAFKERS:

The Bank of England à Midland Bank, Ltd.

Fenang

(Mauritiur) Rangoon Shanghal

Sitals

Kuantan (Pahang} Slogapore

Madina

On Singapore----

On demand...

53%

On Manlia......

Part Loul

On demand

been any important development Chins Light (old)

" (new) ...$ and though there have been rumours H. K. Electrica......$72 current regarding the proposed Macao Acreage cut, they have not received Sandakan Light... H.K. Tels, fly paid. much attention.

It would appear

part paid China Buses.........Th. that the present conditions are like

S'poreTractions(Ord.}/+ |ly to prevail for some little time.

The amount

DAL 52

*** 20

***

(Pref./>

On Shanghai-

F13

On demand

T74

Dollar

8% dis.

Boursheya

Howrah

New York

On Yokoham) --- On demand

Munich

MOU

Milan

Toulo Tokohame Zurich

SHOU J. CHEN,

Manager.

All classes of Commercial Banking Transactions undertaken.

Sovereigns (Bank's

buying rate) Silver (per oz.) Trustee and Executorships under Bar Silver in Hong taken.

INTEREST allowed on

Kong Cereal bensate and

Nom. Fixed Deposita at Hate that may be ascertained Copper Cash

Nom. ce suplication.

J. B. ROSS, Copper Cents

1% prem Manage Rate of Native In-

terest Hong Kong, 24th March, 1932.

$12% pa. Chinese Sub. Coin .. 291⁄44% dia. Hong Kong Sub. Cob Par.

1/3%

J+**

er,

:ཐོ་འི་སྡེཟླ་=སྐཎྜ་རཱྀཨཽ

June Nan

#05

*** 18.

Subject in incube tazu.

Poe. P. 4.50 (ar 193

Dec. Final &% making 10% for 1931 Mar. 9, 89 16. T. 0.95 for 1950 14-Sept. 14 on preferenca shares

and

Feb. 98, 3:

Fab. 6. b:

Mar, C.

July

Meant for your #17

Mar.,d

Oct. 9, $1

||12.85] Dec.

3 65% chalte un obd lidrestson for

Dec. fed eta, bauniets.nik.@tur1981

...

Mar. 184.

Pending

Bubscribed Capital

4, Queen's Road Central

Owing to our numerons 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 exchangea. Branches of American Express Com-

We also handle the issue of Bonds and other Public Funds of the Chia-pany in Principal efiles of United

Government both at home andStates of America and Canada.

abroad.

Hong Kong, 6th March, 1981.

Personal Investment B00OUNĖS

THE YOKOHAMA SPECIE BANK,handled.

LIMITED,

Established 1880.

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

..Yen 117,800,000

Head Office:-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlu

Bombay

Calcuits Canton

Nagasaki

Nagoya

Newchwang

New York Oaks Paris Feiping (Dalny) Rangoon Kangtan (Mukdan) Rio de Janeiro Hamburg

Bankow

Harbin

Hong Kong. Homolula

London

Lou Angelsa

日本司

Francisco

Seattle

Somerang

Shakt

Singapore Spershaya

Sydney Tientala Tokyo

Tsingtau

Interest allowed on Cairent – As-

Deposits received for fixed periods at rates to be‘obtained on application.

EL HORL

Manage

Hong Kong, 11th March, 1932.

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.

HONG KONG BRANCH,

Every description of Basking and Exchange bul. Desa Transaptad.

Travellers Chaques issued.

† Queen's Bond Central, -

Bring Your"? PRINTING. Problems to Ü” “

THE 'NEWSPAPER ENTERPRISE LTD. BA WYNDHAR ST.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central, HONG TONG

Capital and Surplus

Total Resources DEN

Every description of Banking and Exchange business transacted.

LONDON EXCHANGES

Paris

Rugby, Yesterday.

95%

New York

Montreal

Brussels Geneva Amsterdam Milan Berlin Stockholm Copenhagen

8.77% 4.18 26.95

19.42/

9.311⁄2

78%

15.90

Qalo.. Vienna Prague

18 9/16 18.20

19 1/16 82 nom.

1274

Helsingfors

215

Madrid

'evar' HLs 8,000,000.00 -

Lisbon

110

· Over EL.$30,000,000.00

Athena

800.

Bucharest

680"

Rio

4.1/18

Buenos Aires

874

Montevideo

300 1/61/82 1/8/

1/8 3/16-

1/9%

178/16

Current and Fixed Depoal Accounts in local and for- sign currencies opened for cllanta.

་ཀ་

Havings Account and Safe Deposit Boxsa.

Branches and Agustina all over the world,

Bombay

Shanghai Hong Kong Yokohama Silver Spot

KAN TONG PO,

#silver

of enquiry abroad} Industrials, has again been encouraging and Malabon Sugar $ several traders have had the largest Cald: Macg. Ord....Th. Prof....Th. turnover for a long time. Indian Canton Ices .......

(ok!)...... (new) H. K. Ropes.... China Agriculture...... Stores, &c.

enquiry especially has been on Cements (com.)....$18.20 fair scale and in several quarters a nice business has been done. Light bleaching styles have been in chief) request and Karachi the chief buy Dairy Farm

with Madras, Calcutta and Watsons........5 201

(Right) $8 several of the upcountry markets do- Der & Wings |ing a fair share. There have also Lane Crawfords (old)...$

been mentioned a few purchases

(new) Mackintosha from Bombay, Calcutta has enquir-siareres

ed in addition for dhdoties and grey Wm.. Powells shirtings, while prints and dyes Miscellaneous, have been in request from a num- ber of marketa.

B.K. Amusement ...$ki The latest news from Shanghals. C. Enterprises...

Ch. Entertainment ...$ has been more hopeful and it is United Theatres....Th. thought that a cessation of hostili Micso "Greybounda" $| ...

Deo. | $1.75 for 1951

Oct. 76 cantaf y paar #1-13-95,

Mar. 9, 19

Mar. 16,81

Fob, Lart dirhland for year 3/2-29

Feb. for year 28-2-31 dalam

Apr. 30,87

8.65 Feb. 20 cents or guar 22-8-1imum] Funs, 17,81

Mar. | $1.50 for a

14.90

Ou cents for 1931

Bept. 80,81 Max. $3,89

tles, even near the International Constructions (Old)... div... st. Settlement, would allow some busi-

(New) ... 1,85

ness to develop. There have been 8. Ind. G. Bonds..... further enquiries for grey and white H.K. Govt. Loos...$ $1% shirtings from Hong Kong, which may develop Demand from Java has been chlafly for cambrica, while from the Straits a variety of styles

FIVE MILLIONS LOST.

40 cents on old Doc.14 cents on new

Intarme half gentis.

anything between £2,000 and £5,000' millions-an amount which would go have been in request. Egypt has British Savings in Overseas Loans, far towards paying off half of the been buying on a fairly extensive

present National Debt. ⠀ acale, although demand has nar Severe criticism of the andis-

Wasteful Londing. rowed down to white goods during criminating investment of British "It is essential," he said, "that we the past day, or so.

savings in overseas loans" was should lend to credit-worthy over- Buyers from both West Africa made by Sir Arthur. Michael sea "borrowers. But indiscriminat and South Amerka have been Samuel, M., in speech at the rather quieter, after the bigger pur-Woking Chamber of Commerce chases of last weekTrade with dinner.

Ing lending is wrong and wasteful. Oversas lending must be sifted, and ita destination examined.”

Leaders in the chamber of com merce movement, he submitted,"

the Continent has only been of a Sir Arthur, urging that chambers scrappy nature but is against this of commerce should, by courageous the HomeTrade section has been action, protect the public,itated should warn would-be Investors. more encouraging, with a far de- that during the past sixty years when overseas loans appeared to be mand for dressgoo Ings and British savings have been-lost in for a wrong destination, or fraught

1932-04-06 — Page 2

Comments

Private Research Note