1932-05-02 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autherland Orpital Jan 'Teruel sad Fully Paid-up

$64.800,000

20,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE

CHINA MAIL.

~THE NO HONA BANK, LTD.

(Established 1917.)

HEAD OFFICE:--SINGAPORE, * Hong Kong Branch: 13, Queen's RL. C.

Authorised Capita) Strafts $20,000,000 | Esened. Capital..... Paid-up Capital ...

M

8,000,000

4,000,000

of Stareholder. Surplus..........

Incorporated by Royal Charter, 1863. Reserve Liabilities

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000 .£3,000,000

.$3,000,000

Agencies and Branches:

ALOE STAR

KUCHING

MADRAS

MANILA

Kanerve Funde zonn

Sorking in ₫ RP00,000

masam $10,000.00

Buerva Liability of Propelators 135,000,000

HEAD OFFICE, HONG KONG.

MD OF DIRECTORS

Mon. Mr. J. J. Palaetón. Chatroom

T. 4. Poseta, Raq.

Deply Ubaleman,

Had. Mr. W. H. Bell, J. A. Plummer, M44.

4. Cacophon, Esq. T. H. B. Shaw, Bog,

M. T. Johnson. Reg.

-3, 2. Warma, Mag.

V. M. Omyburn, Esq."

BRANCHES 10

LONDON

LYONS

AMRITBAS

BANGEDI

BATAVIA

BOMBAY,

CANTON

1. Mlakisi, Esq.

Okiel Kounge.

ANOT

MATADOA

MANILA

MEDAN

NEW YORK

PENANO

BANGUN

PEPINO (Paking

SENENBAN

SHANGHAI

SINOPORE

4,000,000

Commerce and Finance

2,487,000 THE ORIENT TRUST since then stocks

Branches, Agencies and CorrGEPON- dents in the principal cities of the

world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

Manager.

LIMITED.

Profit for the Year £5,895.

may

MONDAY, APRIL 2, 1932.

ргорове,

in thene of thanks to the

Figures of clearances for home the rubber and tea industries, in Jconsumption show the satisfactory which our interests lle as share-

increase of 25 million lb., but stocks holders of this Trust-is-unfortun-- in the country are considerably ately only too well known to us all, heavier than a year ago on account but we can congratulate ourselves of clearances against the possible that, so far as any betterment of imposition of a duty, Exports are our position is possible in the ex- 11 million lb, higher.

ceptional circumstances of the pre-. Public taste, probably through sent time, we can repose the utmost of rubber have necessity, has undoubtedly bean confidence in Mr. Hamilton and his continued to increase notwithstand-running on low priced tea which colleagues. ing the fact that the price realised caused a recovery in price from 4d. I therefore has shown a loss to most producers. per lb. in the Summer months to the terms, a vote

The expected curtailment of pro- present quotation of 64. but chairman and directors also to the duction in consequence of low prices medium teas have been very de- staff, and if another shareholder has not materialised to anything pressed and heavy losses have been will second It, I will put it to the like the extent predicted by those sustained by all estates and com-meeting. In seconding the vote of who pin their faith to the working panies that are not able to produce thanks, Mr. H. B. Yuille congratu 'of economic laws and at the same fine qualities. ›

lated the chairman and directors time consumption has continued to The demand for low priced teajupon the fact that only so small a

the result that the has influenced

an increase in the percentage as 2.44 of the Invest- twentieth annual general world's stock of rubber has been use of Java and Sumatra growths ments represents holdings in meeting of the Orient Trust, Ltd, increased by round about 180,000 and a disquieting feature in the Netherlands East Indies. was held at Winchester House, Old

attuation from the point of view of tone.

Mr. Wills then put the resolution Broad Street, on February 24, Mr.

We are therefore forced to the growers in India and Ceylon, la 'the to the

meeting and it W88 E. L. Hamilton, the chairman, conclusion that economic laws arejexpanding use of these growths in unanimuosly accorded. The chair- presiding.

slow to take effect unless stimulated the blends for home consumption of man briefly acknowledged the vote The secretary, Mr. H. S. Pickthall, by artificial means. We know that late years.

of thanks and the proceedings having read the report of the au- the application of such means in the Owing to the financial difficulties terminated. ditors, the man said: The reform of restriction is under con- in Australia, the demand there was ports and aounts which have been sideration by the Government of the also run on low grade teas, which In your hands for the customary Dutch East Indies but so far no has enabled Dutch Netherland In- period and which I presume you announcement has been made as to dies growers to increase their im will allow me to take as read, are the outcome of their deliberations. ports into that Dominion at the ex- SETTLEMENTS for the year ended December 31,

Our Dutch friends have a more pense of India and Ceylon. URUGUAY

1931. VENEZUELA

British tea growers, being faced difficult problem to tackle in the

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street,

NEW YORK.

Capital, Surplus, and

Undivided Profits U.S.$225,347,488.11

Branches in:--

CALOUTTA

CAWNPORE CEDU

COLOMBO

MAJOUN

DELUI

SEMARANG

HAIPHONG

HAMBURG

BANKOW

HARBIN

KITIAWAN

KONO KONG

BONRABAYA

ILQUO

TAIPING

IPOB

TIENTSIN

MUAB (Jekoret

'KARACHI

TONOKAH (Bhukew

ARGENTINE LONDON

MUZDEN

BLANG

TSINGTAO

BELGIUM

MEXICO

KODE

YOKOHAMA

BRAZIL

PANAMA

KUALA LUMPUR

CHILE

PERU

CHINA

PHILIPPINE..

Foreign Exchango

And

General COLOMBIA

CUBA DOMINICAN REPUBLIC

DAXĢISK BATAVIA MOMBA?

BALOUTTA

CANTON OBOKPOO DOLOMBO

XXW TOBA

DAILEN

FOOGHW

HAIPHONG

HAMBURG KANKOW HARDIN

HOBOKEW.

ITOLO

Прол

IGHOL

KOBE

KOWLOON

KUALA LUMPUR

PRIPING

PENANO

BANGOON

BAIGON

HAN FRANCIBOO

SHANGHAI

SINGAPORE

SQUBABYA

HUNGEI PATAMI

TIENT IN

TOETO

TSINGTAO TOKOHANA

Dorroute opened in Lost Currency and Pizsć Depoatia aired for one your of parmier parinda in Toesl furranny and Migling all too whisk will be qualed on applica

Hong Kong, 5th April, 1932.

HONG KONG SAVINGS BANK.

The Business of the shore Book a conducted by the HONG KONG AND BHANGRAY BANK, ING OGAPORATION. Bus`may be sdielned an application.

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Onial Manager.

Hong Kong, 27th February, 1931.

THE BANK OF CANTON, LTD.

Established 1912,

Head Offers-Hong Kong,

Labkoriani Capital (8.5. Carmony) ...$11,000,000

BRANCHES

1,200,000

Canton, Shanghai, Hashew, Beaker, Bengkok, Her Tork and San Francisco,

LONDON BANKERS :---

The Lloyd's Bank, Llinibed. OORBESPONDENTS

ža ali principað vitles of the World.

Fanigh Behange and baking bumason of

Sametpalce, śrmented.

* Baza Surious' siam) da a party'

sosial of Trom 25 to $40.

LOOK POONG SHAN,

KUALA HANGRAR ZAMBOANGA

Banking business transacted.

Current Accounts opened and Fix

ed Deposita received for one year or shorter periods at rates which will be INDIA ITALY quoted on application.

J. STUART,

Manager.

Hong Kong, 11th April, 1932

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETT)

BANKERS.

Established 192A,

Bong Kong Office:-15, Queen's Road Central,

Authorised Capital. Qgilders 150 200.000- Paid-up Capital Culiders 80,000,000. Basaers Frad

Gullders 60,028,000-

Head Ofos AMSTERDAM”. Extern Road Ons :—BATAVIA. Brannkas :-Bandjermasla, Bandoong", Bombay,

Jalopita, Charibos, Jakarta The Hague, Fiddah, Robe Madan, Palambang, Peka ingan, Penang. Bangoon, Botterdama", Bamang", Bhanghai, Biampore Boar

baja Bosnkarta (Bok), T, Tija

and Walterendan'.

* Those offices have Bata Depall Boxme to Lei.

JAPAN

ISLANDS

PORTO RICO STRAITS

(TAIWAN GINKO.)

HEAD OFFICE:-Taipes, Formosa.

Incorporated by Special Imperial Charter, 1899.

The

PROFIT IN COPRA,

decrease with

pense.

The Tea Crops.

DRY ICE. Successful Shanghai Experiment.

the

been

The profit for the year amounted control of native output, than we with these difficulties, have recently Samples of "dry ice" were recent- Commercial and Travellers Letters to £5,895 189. 10d. against $18,310 have, but I hope they will find a way appealed to the Government for ally on view in the offices of Messrs. of Credits, Travellers' Cheques, Bills 58. 7d. earned for 1930. Having re- to overcome these difficulties and preferential tea duty in favour of Dadwell & Co., Shanghal, the result of Exchange and Cable Transfers gard to the deplorable conditions will be able to join with British British growths and if possible an of, experiments which have bought and sold. Current accounta

obtaining in both the rubber and tea growers in a sound scheme of re- Empire preference also. There are going on in the company's labora- and Savings Bank accounts opened and Fixed Deposits in local and for-industries a small profit, however striction.

hopes that these proposals will be,tory by Mr. Alexander Kanzler, the eign currencies

taken at rates that regrettable, was only to be expected.

If the Dutch should find it impos-favourably considered in the next factory manager and chemist, for may be ascertained on application to We brought forward from last the Bank

We are also able to offer our Cas. year's account the sum of £11,527 sible to evolve a workable scheme it Budget and at the Ottawa Confer- some time past

The ice is made up like a pile of tomers the services of the Branches 0s. 8d., so that, with the profit for would be far better to make a defence, and if such preferential duties

Anite announcement to that effect are granted within the Empire out-white powder, perfectly dry but ex- of the International Banking Cor- 1981, we have a total of £17,722 than to maintain the present atata look for British grown tea will be ceedingly hard, and those present paration in Spain and also of The 14s. 6d., which we propose to carry of uncertainty which leads growers decidedly. promising. National City Bank of New York forward.

were warned against pressing their (France), 8.Á., in Paris and Nice,

Copra Profit.

fingers against the substance for R. M. MCLAY,

We regret very much that for who otherwise would close down

their estates to go on using up Copra, in which we have only a any length of time as, it was stated, Manager, the first time since the out-

their financial resources in produc-comparatively small interest, is one they were likely to receive a burn. break Hong Kong, March 1, 1982.

of the War In 1914 ing the largest possible crops of of the few products which is selling It was explained that the dry ice We are unable to recommend rubber in the hope that restriction at a profit. Since Great Britain is new to Shanghai, in fact new the payment of a divi-

will sooner or later, be brought abandoned the gold standard the to China, and that it has only pre- Died: THE BANK OF TAIWAN, LTD. dend, but I think most of the share about. A decision either way would sterling price has advanced from viously been manufactured in the holders will agree that it would be be preferable to the present sus- 11 12s. 6d. per ton to £18 per ton United States. It is ten times as Junwise to make any distribution at-

at which it stands to-day.

powerful as ordinary ice and lasta the present time.

The chairman then moved that ten times as long, and the direci Stock Exchange quotations have

the statement of accounts and tors of the company are now con- been obtained for all our invest- With regard to, tea, I referred balance sheet at December 81, 1981, sidering plans for its production in ments, excepting a small holding in last year to the possibility of re-be received and adopted. The mo- commercial quantities. Paloh Plantations which we have striction of crops being again tion NATIONAL PROVINCIAL BANK LTD, Bank-Notes issued Average amount ... Tan. 45,000,000 valued conservatively, and the de- agreed upon, but notwithstanding Maguire, and, having replied to a

Perfectly Harmless. As the substance is still in its. Correspondania zil over the world. Banking Bus JAPAN-Toyko, Yokohama, Kobe, Osaka,

preciation shown on a valuation the low prices and prior outlook it question concerning the cost of pro-experimental stage, it was impossi- asms of every description transacted,

FORMOSA :-Giran Kaşi, Kamako, Eseluas based upon middle prices on Decem was impossible to renew the agreeduction of native rubber in Nather-ble to learn how the prices of dry Makoos, Na025, Shinobiken, Talchu. Tainan ber 31, 19, amounted to £287,583, ment. In spite of even lower prices lands East Indies the chairman put ice would stand in comparison with | CHINA i-Bhanghal, Hankow, Amoy, Poochow which is uivalent to 11s. 10d. per for all except the finest qualities, the resolution to the meeting, when ordinary' ice.

increased crops resulted, the North-t was carried unanimously.

It was mentioned, however, that, in the event of its ern Indian Crop for 1991 being 855 The re-election of Mr. J. B. being used in connection with food, On the other hand we have our for 1930, an increase of 44 million proposed by the chairman, seconded gas, which is the saine as that used million lb. against 330 million lb. Young the retiring director was there will be no harm as C02 reserve of £50,000 and the carry Ib.

by Mr. C. R. Hoare and carried in all aerial waters, is used in the The Back has Correspondents in all the principal forward of undistributed profit of,

£17,722 14s. 6d. which are together The Southern India crop was 56 unanimously. The retiring auditors, manufacture of the dry ice and this equal to 38. 4d. per share. Deduct-million lb. against 54 million lb. in McAuliffe, Davis and Hope, were re- is perfectly harmless. ing this from the 118. 10d. we get 1930, an increase of 2 million b. appointed, at a fee of sixty guineas, When experimenta are finally a net depreciation of 8a. 6d. so that The Ceylon crop was 2484 million Mr. F. W. Wills: I think we shall concluded, the dry ice should be a the break up value of the shares at lb. against 241 million Ib. in 1930, agree this meeting ought not to boon to hospitais, clubs and ships December 31 was 118. 6d. per share. an increase of 54 million b. The terminate without voicing our ap without refrigerating space, as The investments of the Trust final outturn figures from Java and preciation of the services of the everything is being done to manu- aggregated £467,244, and are dis-Sumatra are not yet available but chairman and his colleagues on the facture it on the lines of strictest tributed as to £288,882 or 51.15 per will show an increase of about 14 board during the past year.

economy and thus save money for cent. In rubber, $198,639 or 42.51 million lb.

That great difficulties confront the purchaser. Collections of Postage Stamps per cent. in tea, £13,808 or 2.95 per mounted in books. Each collec cent. In coconuts, and £15,920 or 8.41 tion contains stamps all different, per cent. In Government and miscel- without duplicate.

LONDON BANKENA:-

A. STORKINE,

Hong Kong, lui Desember, 1981,

THE

Mangst.

Chief Manager. AMERICAN EXPRESS COMPANY.

THE BANK OF CHINA. 行銀國中

Reorganized October 26, 1928, under

special charter of The National Gov-

srament as an

INTERNATIONAL EXCHANGE

Central Bank in Formos

BRANCHES AND RENCIES:

Takao, Tamaul, Toan, Hello, Tallo.

Bestow, CanŚCI CITARIUS YANGA Bong. Bingapore, Boerabaya, share.

Samara Batavia, Bombay, London, New York, Dairen.

LONDON BANKERS:

Bacolage Bank, Lid., Lloyda Baní, Lid.,

Midland Bank, Ltd., Westminster Bank, Ltd.

Commercial Centres throughout the world.

E. HAGUDA.

FOR SALE

INC.

Head Offles:-65, Broadway, New York.

Manager.

HONG KONG BRANCH:

*, Des Your Road Dustest. Hong Kong, Decembar 21, 1251,

Capital

Surplus

· Reserves

.U.S.$3,000,000 ..U.S.$1,572,484 ..........U.S.$1,908,209

BANK.

BRANCHES 3

Subscribed Capita!

.$25,000,000,00

Pald-Up Capital

.$24,710,200.00

Amsterdam LAINNY Alban

..$ 8,820,508.82

Baada

Darlin

Biarrit

Bowbar

Bremsen

Brasosla

Buenos Aires

Cairo Daluatio

Choos Glasgow HAY Hamburg Harre Interlaken Jerusalem Talda London Liverpool Inter Logano

Marmiton Constantinop's Monte Carlo Copenhag Manila

Nion

Naples

Pirsens

Parlo

500 Stamps

1,000 #

Stamboul

Shanghai

Bouthamplos

1,500 2,000

++

.$ 18

P

.$ 30.-

St. Morita

2,500

w

.$ 40.-

Nautaln

3,000

.$ 50.—

Vienna

Edinburgh Munlob

3,500

+

:$ 60,----

Montreux Milan

Yokohama Zurich

4,000

"

5,000

6,000 10,000

10

*

Reserve Funda

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

& Queen's Road Central

Quing to our numerous branches in -Olina and large connections in the important commercial centres of the world, we are able to extend to our ellauta aposial facilities for domestic

and foreign banking and exchanges.

Censor Oulate ho

Florence Guser

Pasang

Paking Palermo

Bord Home

Branches of American Express Com-

We also handle the issue of Bonds pany in Principal ction of United

and other Publie Funds of the Chin-States of America and Canada. awa Government both at home and

abroad.

SHOU J. CHEN, All classes of Commercial Banking

Manager. Transactions undertaken. Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 188a.

Capital (fally paid-up) Yen 100,000,500

Raterra Fund

Bar

Yen 117,500,000

*Hoäß Ofce="YOKOHAMA.

Mikuchika aid Agüimėšas kt:

(1%lay)

rtien (Mukden)

Los Angeles

Nagasaki Nagoya

Nawrchwang

Tork

de Janeiro

San Francisco

**

Shangha

Boerablys

Izberent allowed m. Quir

·Kong, Lith

Personal investment Recounts handled.

The Company offers to intending Travellers the use of ita. “Trávallera Choques" and Letters of Credit and, in addition, the world-wida services of its thoroughly equipped Travel Department.

E. W. DUGGAN,«

PHOTO-SUPPLIES

Kodak” and Cameras

Films, Plates and Papers, atce Developing, Printing and Enlarging

ZIESS and BUSCH FIELD GLASSES.

Price Moderate,

Trial Order in Solicited:

SEK & CO.

Dia" Voeux Road, C.

Reserve of £50,000.

laneous securities.

Taking for the purposes of com- ... 8parison the market value at Decem-

$ 75- $100.

$150,- .$500.---

GRACA & CO. Dealers in Postage Stamps, Religious goods, Garden Seeds, Toys, etc., etc. No. 10, WYNDHAM STREET. P.O. Bar No. 620. HONG KONG

ber 31, instead of the book cost, rubber the percentages would be land coconuts 85.82 per cent., tea 57.98 per cent, and Government and other securities”. 6.20

cent. per Classification of the investments under geographical headings gives the following percentages: Malaya (50.01, India 27.16, Ceylon 20.89,

Netherlands Indies 2.44.

The average cost per acre of the Trust's holdings in rubber, tea, coconuts at the close of the year was £38.88. id. The similar figure last year was 238 18s, 3d. As may well be expected the yields per cent. for the year under review, show considerable disparity.

The percentage of yield from rubber and coconuts was practically

LATEST INVENTION American"Chemical Diamonds.nil. That from tea was 44 88. 41d. These diamonds are and Government and miscellaneous equal to real diamond securities £658. 4d. Spread over In all respects the whole of the investments, the Specially fibrilliancy yield per cent, was £2 4s. 8d., the of fustre, barance, o corresponding Agures for the pre Can cut glass like vious year being 35 78. Bd. diamonds. Prof against fire, acid, water, all, etc. These diamonds can be washed with soap and water and can be used for more than 100 kysura. Price per carat HK.$7.50. confined to rubber and tea. Both

Terms Cash or COD. Those who

The Rubber Position. The Trust's interests are mainly

ри

was seconded by Mr. F. E.

́ ́A.O.EC. Avarago of Shanghai Stocks

TVOCES

[2050]

51.00

purchase diamonds to the value of these industries have had their ups EX.$80 or more will get 20% dia- and downs in the past but frequent- Trading was light on the Shang-] the present dullness of the market, Bulletin. No official quotations are count. Bend your orders direct to the ly a depression in the one has been hai Stock Exchange during the past will naturally be followed by pro-published, nor does the Exchange American Chemical » Diamond Co., offset by the prosperity of the other. week. The fluctuations of the nounced vitality. This week's com:Į take any formal record of the busi- PO. Box No. 240, Penang, §.A To-day both industries are passing Á.OF.C. Average, within extremely pany reports show good results for ness transactions. The volume of Whos grdering mastion "Chins Mall" through worse times than have yet narrow range, reflected the trend- International Investment Trust Co. business done is not large, and been known and there is only a less market conditions. Prices re- of China and the Yangtze Finance prices appear to be very firm, miny melancholy satisfa-tion to be gained mained fairly steady; during the Co., Ltd. The former company de bonds being sold at figures còn- by the Knowledge that practically↑ Monday Session Shanghai Lands, cided to declare » dividend, ofsiderably above these quoted when. every her produce is in the same were sold at 28.70, China Realty | T0,60 per share; the fatter one the Exchange was clónd

condition.

was wanted at 11:60, Intusscon had pays " dividend at the rate of 70.28 outbreak of Bidezlipin

yers at 4.15, Ewos changed hands per share.

PRINTING

the ad

that In spite of polítical

aces and

the", ensuin":

ditions, the

3rtä" then bellat - that

ties at the end

in Domestic Bonds on

been somcially – Septér

slons onomic

on the *hostili-