1932-04-27 — Page 2

THE

CHINA MAIL.

WEDNESDAY, APRIL

27, 1932,

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Amberland Deptial-BİRİ,000,000 Ineed and Fully Paid p. 30,000,000 Berry Funds -

& 1,094,00 610,000.000

Hilagam M

Winerya Klabliliy at Propelobove - 204,000,000

HEAD OFFICE: HONG KONG.

LED OF DIRECTORS :-

"tɛən," Kr. J. J. Paterson.

Chairman.

5.6 Paro, Boy,

Dayaly Chairman.

Hon. Mr. W. H. Bell, J. A. Fammat, Baj

d E. Commpion, Esq.

T. II. B. Shaw, Bəq.

M.T.Johnson, Ket,

. Miskin, Esq.

3. P. Warren, hog

*V. M. Grayburn, Bog,

Cale! Manager.

BALVOTES

LONDON

"AMOI

RANGEOR

*ERTAVIA

MOMBAT

CALCUTTA

CANTON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£3,000,000 .£3,000,000

Reserve Liability of

prietors

Pro-

£3,000,000

Agencios and' Branches:

ALOR BIAN

KUCHING

MADRAS

MANILA

AKRITHLE

МАНОКОК BATAVIA BOMBAT

MEDAN

NEW YORK

FEPING (Peking) PENANG

CALOUTTA CANTON CAWNPOKE OZDU

BANGDON

DOLOMBO BELJI

SAIOON

SEMARANG

HAIPHONG

SEREMBAN

HAMBURO

BUANGHAL

LTONE

HANIOW

BINGPORE

HARBIN

MALAODA

SITIAWAN

дома кома

SULIRANA YA

MANILA

ILOILO

TAIPING

MUAB (Jekord!

гон

TIKKTAIN

MUIDEN

KARACHI

TONGKAH (Bhukasi

KLAND

TRINOTAD

NEW YORK

KOER

YOKOHAMA

FEIFING

KUALA KANGSAR

ZAMBOANDA

KUALA LUMPUR

RANGGON

ALIGON

BAN FRANCISCO

BHANGHAI

KARBIN

AINGAPORE

HONGKRW

BOURABYA

ILOILO

IPOM

TIENTSIN

JOHOR

ΤΟΚΤΟ

MOM

DEFOO

COLOMBO

DAIREX

TOONDW HAIPHONG

KANIOW

LOWLOON

KUALA LUMPUR

PENANO

SUNGEI PATANI

TSINGTAO YOKOHAMA

Current Aunts opened in Local Currency and Fized Dapostle received the main your or horner periodata Loos Currency and ring oh barma which will be quoted or application. Hong Kong, 5th April, 1982.

HONG KONG SAVINGS BANK.

The Bealcom af the above Blank le comtrolad the TOHO KONO AND RHANGHAI BANK ING, CORPORATION. Hu're may be abisinad

application.

# THE RONOKONO AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Masager

Hong Kong, 27th February, 1933.

THE BANK OF CANTON, LTD.

Established 1912.

Head Oca-Hong Kong. dusharised Onpissi (H.K. Ourrency} ...$11,000,000

BRANCHES :-

1,200,000

Chen Län, Shanghai, Bankow. Sualow, Bangkok, New York sad fea Fracciaca,

LONDON BANKERS :—

The Lloyd's Bank, Limbad. CORRESPONDENTS

ču all pelsofpui cities of the World.

ן

Fresigs Exchange sil beskog buzzwoon of

vary description franeseted. ·

Mala Deposit Boxsa (zaslona stane) sa a guarig

zumiał of From $5 to $48.

LOOK POONG SHAN,

THE HO HONG BANK, LTD.

(Establike 1917.)

HEAD OFFICH>-SINGAPORE. Hong Kong Branch: 13, Quom's KL. C.

Authorised Capital Straits $30,000,000 Issued Capital

Paid-up Capital

Reserve Ikabilities

of Bhareholders.

Burplus

I

8,000,000

4,000,000

4,000,000

Commerce and Finance

3,687,000 HONG KONG DOLLAR There le no prospect

Branches, Agencies and Correspon- dente in the principal cítime of the world.

Every description of Banking and Exchange business transacted. ·

TAN ENG HOOL,

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$226,347,466.11❘

Branches In

ARGENTINE

BELGIUM

BRAZIL

►

CHILE

CHINA

CUBA

Foreign Exchange and General COLOMBIA 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, 11th April, 1932,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BODIETT)

BANKERA

Established 183.

Hoog oo Oce:-11, Queen's Road Contrai.

Authorised Capa! Guilders 188,000,000. Pald-Up Capit toeneem. Quliders 80,000,000. Beserve Fund

Oulldars 40,012,000– Food Oos-AMSTERDAM*. Eastern Head Of‰001---BATAVIA, Branches --Bandjarmasin, Beakmag Bombay

Calcutte Charlion, Disember Djok jakarta", The Hague", "Jiddah, Ioba, Makassar, Medan, Palambang, Paka longer, Pinang. Bangoon, Batterdam”, Semarang, Ahanghai, Sinnepors, Bours bain, Borsaris (Bole). Tage, Tilaijay and Wallerede,

• Thane offices have Safe Deposit Boxes to Lat.

LONDON DANEEES:-

NATIONAL PROVINCIAL BANK LTD,

Correspondents all over the worki. Bauking Bual- nas of ermy, description transucied.

* A. STOKKINI,

Hans Zong at December, 2001.

THE

Macate.

Chief Manager. AMERICAN EXPRESS COMPANY.

| DOMINICAN REPUBLIC INDIA ITALY JAPAN

LONDON MEXICO PANAMA PERU

PHILIPPINE ISLANDS

PORTO RICO

STRAITS

UP.

Effect of Drop in Sterling

LITTLE BUSINESS THOUGH.

whatever

that the situation in the future will iraprove. The position of the American motor car industry la very disappointing.

Consumption of rubber in U.S.A. In January was 27,962 tons, against 28,560 tons in 1931, and 86,669 tons in 1929, The figures for the sale of tyres, too, are very disappointing. In 1931 this was 49,500,000 against 54,000,000 in 1930 and 70,000,000 | in 1929,

Silver has risen slightly as the If we take into account the longer result in the drop in sterling, and lease of life of tyres then it will be the feature of the Hong Kong mar clear that prospects can be con- ket was the advance of a farthing sidered rather discouraging. The in our dollar yesterday, and which last official statistics show that is anticipated will be maintained motor licences last year decreased to-day.

by more than 100,000 or 15 per

In London silver rose a spot and cent. forward, but the market presented

no special feature. In New York

silver remained unchanged, but BANKING RESULTS.

SETTLEMENTS cross-rate dropped to 3.654. Here

URUGUAY

VENEZUELA

the market is quiet with the dollar at is. Bd. The business rate was

Commercial and Travellers' Letters about 1a. 33%, but there was little Chartered Bank of India

inclination to do business.

of Credits, Travellers' Cheques, But of Exchange and Cable Transfers

At the Chinese Exchange here, bought and wold. Current accounts and Savings Bank accounts opened

last evening, the Canton Central and Fixed Deposits in local and for- Bank notes were quoted at 52 per eign currencies taken at rates that cent. while Hong Kong notes, in ex- may be artained on application to change for Kwangtung silver were the Bank.

We att also able to offer our Cus- at a premium of $424 per $1,000.

tomers the services of the Branches

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

Manager. Hong Kong, March 1, 1982.

London Silver Prices,

London, Yesterday. Closing silver prices in London to-day were:-

Apr. 25 Apr. 26

17 Spot.....17 Forward..17.1/16 17.1/16 "At two o'clock this afternoon THE BANK OF TAIWAN, LTD. the London on New York cross

{TAIWAN GINKO.)

rate was quoted £1-G$3.654.

HEAD OFFICE:-Talpeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formons. Bank-Notes ad Average amount ....Tan. 45,000,000 BRANCHES AND AGENCIES: JAPAN :-Toyko, Yokohama,. 'Bobe, Omka. FORMOSAĢīna, Kai Karako,

Makong. Neto, Shiachiku, Taibu, Tan, Takso, Tamaul, Tosa, Heito, Tato. CHINA-Shanghal, Hankow, Amoy, Foochow,

Swalow, Canton.

OTHERS:--Hong Kong,

York, Dalren,

Singapore, foarabaya,

LONDON DANKERS:

Barclays, Lad., Lloyds Bask, Ltd., Midland Rank, Lid, Westminster Bank, L.

THE RUBBER SITUATION.

Some Points That Are Worth Noting.

Accounts.

The accounts of the Chartered Bank of India, Australia and China for 1981 show

a net proẞt of 2881,787, including income tax re- serve not required. For the pre- vious year

the net balance was £684,348, but the figures are not strictly comparable, as for 1930 the profit, was struck after provid- ing for bad and doubtful debts, whereas on this, occasion that pro- vision has been met from contingency account.

An allocation of £1,000,000 from] reserve has been made to provide for exceptional losses in exchange, due to Great Britain going off the gold standard, After deducting

this amount, the reserve stands at: £3,000,000, which is equal to the paid up capital, says the Financial Times on November 17.

It is proposed to pay a final divi- dend of 7 per cent., making 14 per] Directors, who see the time ap-cent, less tax, as against 20% per Bamarang, Bateria, Bombas Loafe. New proaching when they will have to cent. (including a bonus of 6% per put a stop to the planting industry cent.), of which 7 per cent. was altogether, are In

desperation, paid free of tax. clinging to the idea of restriction,

The balance of said the Deli Courant of March 12 carried forward, no amount being £149,885 (against £187,597), is in emphasising the desperate straits this time set aside for the Dutch planters, now find them-tingencies, to which £80,000 was selves in. They cherish the idea allocated in 1930. that without restriction they are

The Bank has Correspondants in all the principal Commercial Cenizes throughout the world. E NAUURA, HONG KONG BRANCH:

3. Dus Road Contest. Hong Kong, Deosmber M., 1981.

Manager.

con-

sure to go down, so why should they Government and other securities, THE MERCANTILE BANK OF not make an attempt with restrie of which the major portion are

INDIA, LTD.

HEAD OFFICE:

15, Gracechurch Street, London, E.C.8.

INC.

THE BANK OF CHINA.

行銀國中

Head Office:-65, Broadway, New York.

Reorganised October 28, 1928, under

Capital

coscial charter of The National Gov- ernment as an

Surplus

Reservea

US$6,000,000 .U.8.$1,578,454 U.S.$1,908,209

INTERNATIONAL EXCHANGE

BANK.

BRANCHES

Amsterdam

Rasos

Niom

Glasgow

Naples

Pald-Up Capital

$24,710,200.00

Athase

Ватада

Firsega

Beals

Beserve Funds

..$ 8,320,508.82

Berlia

Blarrita

Harborg Havra Jabarlakan

Parla

Ferng

Paking

Bomba

Forssalam Lido

Falacin

Botterdam

Brusela

Loodan

Hoto

Buenos Aires

Liverpool

Blamboul

Bangkok Bateria

Cairo

Lucerna

Shanghai

Bombay

Caloutta

Lugano

Southampton

Calcatta

Hota Bharu

Co

Luxor

Ringapor

Coloraba

Kuala Lipis

Dolombo

Karolins

Bi. Morit

Delbi

Koals Lemper

Zetiain

Vieans

.

Jokohama Lario

Subscribed Capital...$25,000,000.00

HEAD OFFICE; SHANGHAI.

HONG KONG BRANCH:

4. Queen's Road Central,

Oving to our rumerons branches in China and large connections in the important commercial centres of tha world, we are able to extend to our cilants special facilities for domestic and foreign banking and exchanges.

Ongestiopia Monte Onelo

Copenhagen Edinburgh Fotose

Manila Munich Xontroux

SELLAS

Authorised Capital ....£3,000,000 Subscribed Capital 1,800,000 Paid-up Capital ..... 1,050,000 Reserve Fund & Rest. 1,217,927

BANKERS:

The Bank of England & Midland Rank, Ltd.

عالمي

Howrah

BRANGEES

Ipoh

Kandy

Karachi,

Pana

Poet Lau

(Mauritius) Rangoo Shanghai Simle Kunotan (Pabang) Singapore Soureboys

Madras

New York

HONG KONG BRANCH,

tion? This way of reasoning can short-dated, have been taken into be understood and is pardonable. the balance-sheet ất book value, on But whether they are correct in which there was on December 31 their surmises that enforced restric-inst a depreciation of £856,866 as tion can be considered to be in the compared with market valus. A Interests of the rubber planting in-valuation at March 11 shows the dustry and whether It is feasible depreciation has been reduced to remains to be seen.

about £41,000, and 'under these cir

Adverse Conditions.

In an editorial comment the same journal says:-

INDIA TIRES.

Manufactured at AKRON (Ohio),

MOVE IN

THE BEST

CIRCLES

BY USING

HEAVY

SERVICE.

GREATER

SPEED WITH SAFETY ROADABILITY CUSHIONING WITH MORE UNINTERRUPTED SERVICE

EACH OF THESE POINTS REPRESENTS A

HEA

SAVING

OUR NEW DEVELOPMENT

EATPROOF

EARPROOF

ACEPROOF LEAKPROOF T CHAFEPROOF

INDIA ALL BLACK SUPERTUBE

THE ANSWER TO THE DEMANDS OF

MODERN MOTORING.

INDIA OF INCHINNAN

OFFER OWNERS OF

BRITISH BABY AUSTINS SUPER NON-SKID TIRES

AND

THERMO-TITE

KNURLED BLACK TUBES

MADE IN SCOTLAND.

THE BEST THE WORLD CAN PRODUCE,

·W. R. LOXLEY & CO.

HONG KONG

TEL. 22285.

C.L. P. RC.'S NEW VENTURE.

Concert This Week.

It is a hopeless affair, this rub- cumstances the directors do not ber question. We believe that one consider it necessary to make a has to come to a realisation of the special allocation to meet the de- fact that this cultivation, by what preciation. ever means, never will reach the position it has held in the past. The system followed by cultivators. on estates, and that by native pro- ducers, are entirely different. They can be described best as intensive countered last year all

Adverse conditions were

over the and extensive cultivation.

An intensive cultivation at the of the Chartered Bank of India Aus

wide area in which the operations Pized Dapoal at Rates that mag, be awetzini Present time is not always in antralis and China are conducted. Pro-

The China Light & Power : Be advantageous position, when com ducers everywhere were hit by the creation Club are holding a Con- pared with an extensive cultivation. Managa. When land is scarce in a country, prices. Political uncertainty was Park, Kowloon, on April 30 at 8.00 continuance of the rapid fall in cert at their premises at King's land which is suitable for cultiva rife.

p.m."being mainly on the lines of a

Every description of Banking and Exchange bus,

Travellers beques issued.

Trustee and Executarships under

Branches of American Express Com-raasscled, We also handle the issue of Bonds pany in Principal cities of United and other Public Funds of the Chin-States of America and Canada. 48 Government both at home and

abroad.

SHOU J, CHEN,

All classes of Commercial Banking Manager. | Transactions undertake.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK. LIMITED.

Fambilaked 1880.

Capital (fully paid-up) Yen 100,000,009 Beserve Fund Ton 117,300,000

Head Office:-YOKOHAMA.

Branches and Agmeloi sti Alexandria

(Delay)

Nagasaki

Naroya Newchwang

New York Osaka Paria

Pelping Rangoon

(Mukden) Elo de Janeiro

San Francisco

Seattle

}

Personal izvestment secounts handled.

The Company offers to intending Travellers the man of its “Zvüvellers Chequer and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department.

W. DUGGAN,

Manager.

taken.

INTEREST allowed on Current Ascounte

on appilation.

J. B. RO88,

Hong Kong, 7th April, 1982.

́7, Quata'a Bosă Cintesi,

PR

THE BANK OF EAST ASIA, LTD.

Established 1918,

HEAD OFFICE:

Des Voeux Road, Central,

TONG TONG.

and

GR*

tion, then, naturally, Intensive Finally, the financial instability Band Concert. The Band of H.M.S.

cultivation is resorted to. This

method of agriculture is applied in which caused vast withdrawals of Cornwall has been engaged for the most European countries. From funds from London and ultimate- occasion, and Mrs. Fleming, Messre, the area available they try to get ly led to the suspension of the gold Sweat, Li Chor-chi, J. Braga, W. R. a production as large as possible. standard had ramifications in every Fleming and others have volunteer Often land has to be taken in hand quarter of the globe.

ed to contribute to the programme.

Morical and Untenable.

which costs an enormous "amount of The Chartered Bank itself has The Committee of this Club feel labour and needs a large expendi- been impelled as a consequence to that, given a reasonable amount of ture in manuring in order to give allocate £1,000,000 from its reserve support by the Publie, they can a reasonable production:

fund which still stands, be it noted, provide an entertainment similar to at 48,000,000, equal to the bank's the Open Air Band Concerts It is absolutely illogical and un-capital to provide for exceptional 1926 and 1980, although at the tenable to restrict production pro- exchange losses. We * moment they are not in a position portionately, and thus Increase the A reduction in the recorded net to be able to do it on such a large cost of exploitation of the product, profits to $881,800, is not a sur-scale, At the same time they are while one can be sure that this mea-prising sequel to such a combina confident that it can be made a sure will have no efect whatever tion of untoward circumstances, al succcan and

with the though the contingency fund is call feature of entert

on the prices, in conn

large stocks, and whil

all times eil upon to provida for

the trees rem

doub

14 per rent for th

crease

the

regula

during

PIANOS,

MUSIC,

GRAMOPHONE

RECORDS.

and all kinds

MUSICAL

INSTRUMENTS

TSANG FOOK PIANO COMPANY

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