1932-05-09 — Page 2

MANGOON

MAIGON

NOMABANO

SERENDAN

RUANORAI

SINGPORE

HITIAWAN

SOBRABATA

ILOILO

TAIPINO

Undivided. Profits U.S.$228,347,406.11

Branches in:--

|

TIENTUIN

KARACKI

TONGKAH (Bhuket)

ARGENTINE

LONDON

THINGTAO

BELGIUM

KODE

YOKOHAMA

KUALA KANGSAR

ZAMBOANGA

BRAZIL

KUALA LUMPUR

CHILE

PANAHA

PERU

CHINA

PHILIPPINE

РООСНОЙ HAIPHONI KAMBURO HANKOW

HONGXEY

Foreign Exchange

And

General

COLOMBIA

ISLANDS

Banking business transacted.

MINICAN

ILOTED

10

JOEOBE

KOP

ITALY JAPAN

TEE

-ernment as an

Reorganised October 26, 1928, ander

special charter of The National Gov-

INTERNATIONAL EXCHANGE

:Subscribed Capital.....$25,000,000.00

Baservas

THE BANK OF CHINA. 行銀 中

Head Ofre:-65,. Broadway, New York.

Manager.

HONG KONG BRANCH:

2. Das Your Road Central. Hong Kong. Dember 24, 1981,

"

Capital

Surplus

.U.S.$6,000,000 .U.S.$1,522,454 .U.S.$1,908,209

1

40WLOOR

KUALA LUMPUR

Carrenoudis speed in Lal Qurrasy

ized Deposite gelede k your or barber plode 10 Local Currency wad Merting on theme which will be yerel ve applicatio

Hong Kong, 5th April, 1932.

HONG KONG SAVINGS BANK.

The Beeline at the atory Desk is noodui by the HONG KONG AND HANGHAI BANK

Blu've may be ING ODBPORATION.

ve application.

FOR THE HONOBONO AND SHANGILAN BANKING OURPORATION.

V. M. GRATHURN,

Vklat Manager.

Hong Kong, 27th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofce:-Hong Kong, Anshorised Caplini (H.K. Carreony) -$11,000,000

Paid Up Depliaž sme

#mares fusé anomenemens

BELNOBES.-

1,0.009

Canton, Bhanghai. Bankow, slow, Bangkot, Has Tock and Bea Franciano

LONDON BANKRES :-

The Lloyd's Dank, Lámbad, ·

CORRESPONDENTS

En all principal elties of the World

Feup Subangs and beading benare of

Src Goudgilon transected.

tate Deposit Beam (verlona skom) as a yearly

-comini af frum BF to $40.

.. LOOK POONG SHAN,

Chief Manager.

Current Accounts opened and Fix- ed Deposits received for one year of shorter periods at rates which will be INDIA quoted on application.

J. STUART,

Manager. Hong Kong, 11th April, 1982.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

SEUERLANDE TRADING SOCIETY' BANKERS

Established 1994.

[ Ko Ofert, Queen's Blood Exteral. Auttuneed Capital Builders 166,000,000- Peed Up Capital Oulders 90,080,000. Charette Fundulidere 10,014.003. Head Office:AMSTERDAM*. Essarts Head DBcs:-BATAVIA. Bracon:-Bandjurmsalu,

Bandoeng Bomb Galoutta Cheribon, Djember, Djoz starts". Tay Hagus" Jiddah, abe Makonne. Madan, Palembang Paka longa, Penang. Hagoon, Botterdaca". Bemarang. Shanghai, Siapors, Se Sala, Bourakarta (Bolo), Tagal, Tilialing and Weinredea".

• These affices have Safe Deposit Boss L.

LONDON BANKEES:-- NATIONAL FROVINCIAL BANK LTD. Correspondasie wit over the world. Banking neak of every description transacted.

STOKKINK,

Hong Boog. Las December, 1001

Masager.

dropped to 28 in the first half-Vanadium

Warner Bros. Pictures hour, then recovered to stand at Westinghouse E. & M., 22% 28 at noon but it closed off to Woolworth Commercial and Travellers' Letter 27%. Westinghouse closed off Air Reduction of Credits, Travellers' Cheques, Bill of Exchange and Cable Transfers1% to 21%. General Electric was Amer. Sugar Refining

Canada Dry Ginger Ale. Current accounts down a point to 13%. bought and sold.

10Continental Can and Savings Bank accounts opened Motors closed off and Fixed Deposits in local and for- Eastman was off 3%.

American Coty, Inc. taken at rates jeign currencies

Can was off 1% to 89. Chrys- Diamond Match may be ascertained on application to the Bank

ler was off a quarter to 8%.

The Dow Jones average for 20 We are also able to offer our Cus tomers the services of the Branches rails was off 1.01 to 21.84. New of the International Banking CorYork Central opened at 18, yes poration in Spain and also of The National City Bank of New York terday's close, but at once slump

ed to 174, recovering slightly toat' Cash Register (France), S.A., in Paris and Nice,

stand at 17% at 11.30 am.. and

Nat'l Dairy Products R. M. MCLAY,

17% at noon, but closing at 172. Safeway Stores P. & 0.. closed off to 8. United Fruit Hong Kong, March 1, 1992.

Pennsylvania closed off a quarter U.S. Realty & Imp. to 11%.

Manager.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formoin.

Incorporated by Special Imperial Charter, 1899.

Cvaira Bank in Formosa,

Bank-Notka issued Average amount ...T16, 48,000,000

For 20 utilities, the Dow Jones average was off .51 to 24.21, while for 40 bonds the average was off 1.89 to 75.24.

The principal reason for the de- cline appeared to be the possibi- lity of adverse'action of the House of Representatives regarding the economy bill, which might impair chances of balancing the budget.

Wheat. strengthened late in the Fombe, day, after a slump yesterday on

BRANCHES AND AGENCIES: Bual-JAPAN-Toyko, Yokohama, Koos, Osaka,

FORMOSA:-Gimo. Kesi Karako King

Makong Nants. Shinchiku. Taichu, Talo, Takso, Tamil, Toen. Helto, Tilta CHINA +Shanghai, Hankow, Amoy,

Swetow, anton.

AMERICAN EXPRESS COMPANY. INC.

OTHERS ---Hoog Kong, Singapore, Sourabaya, disclosure of large crop possibi-

Samang, Batarie, Bombay, London. Nalities.

York, Dainen.

LONDON BANKERA;

Barciaga Bank, Lid., Lloyds Bank; Lid., Midland Best. Lid. Westminster Bank, fuld.

The Bank has Correspondents in all the principal, Commercial Catties theoughout the weld..

E. NAGURA.

F

Cotton became the weakest com- modity, tending to produce further anxiaty among traders.

Sales for the day totalled 1,200,000 shares. Call money held at 2 per cent.

4 1898 Eng.

PORTO RICO

STRAITS

SETTLEMENTS 28% off from yesterday's close, U.S. Steel

URUGUAY

VENEZUELA

BANKS

-HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorlund Capikal þáð,000,000 Ised as Fully Paid-up on 10,000,000 Heserve Fund#1

Kvar

**********. $10,000.00

Sosorva Lishlšáy of Proprietors_130,000,000- HEAD OFFICE: HONG KONG.

—

BAD OF DIAZOTORE :-- Mon. Mr. J. 3. Pasarsan. Okileman.

1. Pourne, Zaq, Dendy Canna.

M. M. W. H. Ball,

4. E. Compton, Meq. 3.Tajotuonor, Esq. -G. Mieida, Beq,

AMOT BANGEDE

BATAVIA

BOMBAY

BALJOTTA

.. Plummer, Sq.

T. B. v. Hag.

J. P. Wasson, Bae.

F. M. Grayburn,- Bog. Chial Manage.

BRANCHLE

LONDON

CONG.

MANILA

PANANO

MUAB (Joest

ΘΕΝΤΟΣ

MURDEN

CECEPOO

NEW YORK

COLOMBO

PRIPING

DAIREN

LANGOON

SAIGON

SAN FRANCISCO

SHANGHAI

SINGAPOR

HOURARYA

BUNGRI PATANI

TIENTSIN

TOXIC

TRINGTAO

TORDHAMA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Pald-up Capital Reserve Fund

Reaarve Liability of Pro-

prietors

THE HO HONG BANK, LTD.

(HytahHahad 1917)

HRAD OFFICE—SINGAPORE.

Kong Branch: 18, Queen's Sid. C. | Anthorized Capital Straits $22,000,000

Issued Capital .... Paid-up Capital Baserve

Liabilition

of Stareholders'. Surplus ......

8,000,000 4,000,

THE CHINA - MAIL

Commerce and

Finance

1000.00 NEW YORK AND LONDON STOCKS

4,000,000 2,587,000

Branchas, Agencies and Correspon- £8,000,000 dents in the principal cities' of" the .£3,000,000 world.

Every description of Banking and .£9,000,000 | Exchange business transacted.

TAN ENG BOOL,'

Agencies and Branches:

AMRITSAR

KUCHING

&LOB 8143

DANGKOK BATAVIA BOMBAY CALOUTTA CANTON CAWNPORE OEBU COLOMBO DELHI

HAIRDOND

HANDURO

HANKOW

HARDIN

HOME TÔNG

1POET

ELA NO

MADRAS MANILA

XBDAX

.NEW YORK

PEFING (Peking!

PENANG

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street. NEW YORK.

Capital, Surplus and

MEXICO

INDUSTRIALS REACH LOWEST

LEVEL SINCE 1915.

Wheat Strengthens.

2 244

5%

8%

MONDAY, MAY 9, 1932.

Annual Report Of The Carnegie Trustees

Review Of The Year's Problems

DIRECTOR URGES STRENGTHENING OF EVERY EFFORT.

: WORLD'S FINANCIAL

CRISIS

The annual report of the Director of the Divi- sion of Intercourse and Education of the Carnegie Endowment for International Peace, has been 24% published for the year 1931, a year that has been 22momentous in a high degree, and has produced an 10 international situation without parallel in history. 3 An interesting review of the year's problems is 50% given in the report.

1776

New York, April 29.

Sears Roebuck Selling continued to-day on the

Shell Calon... New York Stock Exchange, says Simmons Company the daily review of the Dow Jones Secony-Vacuum Corp. Financial News Agency for the Southern. Cal. Edison

Standard Gas & Electric 18% Wall Street Journal.

The Dow Jones averages reach-Standard Oil of NJ.

Texas Corporation ed new lows for a major depres Texas Guit Sulphur .... sion, with industrials at the low- Transamerica

Apr. 28

194

20 18

25%

2244

11%

18%

8%

est levele since 1915 and rails Union Carbide & Carbon 19%

Union Pacifc near a record low.

18

For 30 industrial stocks, the United Aircraft & Trans. 11% was off 2.81 United Gas Improvement 19% Dow Jones average

62%

10%

United Corp._...

0%

6%

164

THE ECONOMIC CRISIS.

tc. 55.93. U.S. Steel, opening alU.S. Rubber

Ung

Unq

28

277%

8%

7%

that

Adams ExpVERS

Allied Chemical, & Dyc

Allis Chalmers

BANK.

BRANCHES--

Pald-Up Capital

$24,710,200.00

Amsterda Antwerp Athana

Reserve Funds

..$ 3,820,503.82

مناسبة

HEAD OFFICE: SHANGHAI.

Birita

Bombar

HONG KONG BRANCH:

Beunin

Branze &İren

Oiler...

Calcula

Colombo

Gre

HALA Hamburg HATTO Interlaken Jerusalam

London Liverpool Lucerna Lugano

Mammalline Cootalinople Moo Carlo Opening Edinburgh

Kaplos PLA Patte

1,000

PRRASS Paking

Botterdam Bome SMmbou!

FOR SALE

Collections of Postage mounted in books. tion contains stamps all without duplicate.

American Can

American & For. Power American & For. Power

Warr. Stamps American Smelting Each collec-American Tel. & Tel.

American Tobacco "B" different, American Waterworks

Anaconda Copper

500 Stamps

$ 4.-

Auburn Automobiles

Baltimore & Ohle

Bethlehem Steal

Mantok Montrea

SHOU J. CHEN,

Manager.

!

4. Queen's Bond Central.

Carin

Florence баста

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 ellants special facilities for domestic and foreign banking and exchanges.

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

Government both at home and States of America and Canada.

abroad

Hong Kong, 6th March, 1981.

10,000

.$100.-

$150.---

$300,-

/ GRACA & CO.,

All classes of Commercial Banking: Transactions undertaken.

Personal

THE YOKOHAMA SPECIE BANK, handled.

LIMITED.

Established 1880.

investment accounts

The Company offers to intending Travallers the use of its "Travellers Cheques", and Letters of Credit and, in addition, the world-wide services Capital (fully paid-up) Yen 100,000,000 of its thoroughly equipped Traval Reserve Fund

Yen 117,800,000 | Department.

Head Oflens--YOKOHAMA.

uchos and -Ágenciar at:

Nagsaski

Nagoya

Newchwang

New York

Dealers in Postage Stamps, Religious goods, Garden Seeds, Toys, etc.,, etc. No. 18, WYNDHAM ETREET,

HONG KONG P.O. Box No. 620..

Shanghai

1,500

.§ 18mm

Southampton

Borden Company

Singapore

2,000

$80.-

Borg

Warner

St. Morits

2,500

$40-

Canadian Pacific Railway 11%

Realis

PED

*3,000

.$ 50.--

Case, 3. 1.

Vegion"

Tokohan

3,500

$ 60.

Chase Bank

4,000

.3 75.

Chesapeake Corp.

Chrysler

Branches of American Express Com-

5,000

"

Cities Service Co.

6,000

Columble Gas & Electric 8

Commonwealth & South-

Commonwealth

Werr

Consolidated Gas of N.T. 51%

Continental Ol

Corn Products

Curtian Wright Com. Drug Inc.

Du Pont de Namours

Eastman Kodak .....

Electric Bund & Share

Electric Power & Light

Fox Film "A"

LATEST INVENTION

General Electric

American Chemical Diamonds,

General Foods

General Motors

W. DUGGAN..

Manager.

These diamonds are General Railway, Signal 15 equal to real diamonds Gillette Safety Razor

in all respects Gold Dost

Bpecially in brilliancy Goodrich Rubber.

of lustre, hardness, at Goodyear Tyre & Rubber 10%

Alexandria

Batavia

Bomber Calcutta

Canton

Changchun

Osika

Parle

Pelping Bangoon Fogtien (Mukden) Bio de Janeiro

Daless; (Dalny)

burg

Franciaor

Seattle Semarang

PHOTO-SUPPLIES

Kodaks and Cameras. Films, Plates and Papers, ste Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES,

Price Moderate,

A Trial Order is Salfeited.

CO.

In the opening sentences of the of almost Insurmountable dif- report to the Trustees the Direc-culties to build a modern democra- tie state on firm foundations and tor calls attention to the combinato regain its economic efficiency 32% tion of forces which since the close and productiveness."

J

"Czecho-Slovakia offers an ex-

2ing for the undermining and over ample of the power and value of true leadership in working out its 12throw of the world's economic and problems of new construction not

7%

B financial system, which reached a only in the field of government but

8% climax in 1981 and produced wide-in that of economic life."

8 sonable and impossible in the field drawn from many lands in confer-

of war reparations and so-called ence, have dealt wisely and frank- ly with the international économie inter-governmental war debts pro-

problems, have clearly stated the duced their natural and necessary result," he says. "The accumula essential facts regarding these, tion of the major portion of the and have said with absolute truth, world's stock of free gold at two that what remains to be done and. centres, the raising, and stiffening must be done by governments in of tariff barriers in every directhe realm of formal' politics. It is tion, and the cries for a return to just here, we are confronted with prosperity, while insisting on the timorousness, with inconsiderate-

ness, and with an incompetence so. perpetuation of conditions that make prosperity wholly impossible, varied and so marked as to stag- have produced an international ger the imagination."

"The key to unlock the door of 70% situation without parallel in his- 29% tory."

The Sino-Japanese Problem.

the possible is in the hands of public opinion and `it is only by.

thus

on Mr.

"In addition," he continues, public opinion's quick use of this 6-12

"there have been those grave and key, that the steady calamities 6-12 ominous developments in the East, with their untold burden of woe which have absorbed the world's are to be forestalled. The respon-

put No albilities 30% attention for months past.

matter how disorganised the Chin- Carnegie's Trustees is far heavier 9 ese people may be and no matter and far more severe than has ever what the incidental and local pro-been the case at any previous

time." vocations which may have been

Year's Activities,

A review of the activities of the has for a generation past taken so large and so helpful a part in the Division which has its headquar

3 efforts to build a new world of in-ters at New York is given at some 2ternational co-operation has now length, and deals largely with a

June,

so acted as to forfeit public con- visit by the President of the En- fidence and public esteem. It may dewment, to Hungary, Austria and

during be as alleged, that the militaristic Czecho-Slovakia, elements in Japan have been too while the activities of eight Visit- 71% strong for the civil government ing Carnegie Professors also comes and have insisted on going their under: review, in addition to many way regardless of consequences." other missions and visits made. "A grave blow has been struck throughout the year, ok to when 98% at the integrity and effectivenese A statement of Disbursements of those institutions, upon which for the year ending. June 80, 1931, alone the world can depend for has been compiled and is embodi constant prosperity and peace," he ed in the Report, showing an ex-

penditure of $412,509.71.. says.

hi ex p

64% 55/i S'hai Elec. Can.... 55/-

*Unofficial quotations.

23/12 Continuing, the Director 'urges

32 HONG KONG DOLLAR

UNCHANGED.

Market Uncertain on

Endowment to strengthen every possible' effort

"If civilisation is to commit sui-

cide let.It at least have the cour

L.I.D. CERTIFICATES.

'Messra: A. Goéke & Co, local

age to do so consciously," he adds. agents for the Societe Internation-

· Britain's Example.

ale de Flacements, Basle, advise

Dwelling on the brighter and us that yesterday's official quotation

more fortunate happenings of 1931, in Baale was: 211.6d. the Director speaks highly of the high patriotism that has been res ponded to in Great Britain by such overwhelming majorities, and quotes it as an example for others to follow. Seja bem de

· UNCLAIMED TELEGRAMS,

The following anclaimed.tale-", On Saturday there was no "Governmental, action and public grams are lying at the ance of 14change in the value of the Hong opinion in Italy have been unt the Great Northern Telegraph 124 Kong Dollar, but the market was formly constructive and forward Company (Limited)

3% uncertain and there was little dis-facing," he says, "while the Bale mark 10% position to do business

* Can out glam. like real International Cement. Uny. diamonds... Proof? against Are ale, Tant, Combustion Engine seld, water, oll, etc. These diamonds International Harvester 1818 can be washed with soap and water International Nickel and can be used for more than 100 pokenPrice) (per carat #HK$1.50. John

Who Kennicott

•Cash or C.OD 150 of

64

Tel. & Tel

12%

Kreuger & Toil

Gamonds to the p LK.$30 or 2015 will get 20% dis- Liggett &- Myers "B" count Send your orders, direct to the Loew's Inc. American Chemical Diamond Co. Lorillard P. Co. (Com.) P.O. Box No. 240, Penang, 8.8 Ludlam Steel When ordering mention “China Mall:”

Hi

Montgomery Ward

Naw City B., (bið Nevada Copper

54

Henry, from Shanghal Jobicum, from Shanghai.

Den

Lois Frost, Peninsula Hotel,

In London silver, went down. %, ing and difficult local problems, spot and forward, while in New are giving evidence of a new 5% York prices remained unchanged, power and a desire to take mes

At the local Chinese Exchange, sures together for the betterment from Shanghal. 12% last evening, Canton Central Bank of their economic, social and poll- votes were quoted at 58.1 per cent. tical, relations. Holland, Switzer 67 and the Hong Kong Dollar In ex-land, and the Scandinavian peoples

Austria, Ger

23 21% change for - Kwangtung silver, have remained calm, judicious, and

were at a premium of $424.50 per wholly com $1,000

14%

Kork Centrale pv. 181⁄2

American Co... Paclick das, & Electric Packard Motors Paramount. Fabl

Petro

with

LONDON SILVER PRICES.

Friday. InLondon

Sir Cecil Kaye, Passenger, Ran- pura, from Shanghai

Wallace, from Shanghal

Hong Kong, Ma

114

1

211

26%

36

37

37

18144

18

General Auburn

to

32%

9%

94

2712

264

of the Great War have been mak

2

12

Elec. Power & Light Fund. Trust Series "A"" Fund. Trust Series "B" General Amer. Tank Car 17 Int. Printing Ink

Nat'l Biscuit Mack Trucks

7%

31/

17

4

44

13

13

spread devastation, embarrassment and distress.

38%

82%

"Attempts to achieve the unrea-

Dealing With the Problem. "Economists and men of affairs.

9

23

23

46% 46 20

191⁄4

5

5

LONDON STOCKS.

Apr.

20

30

Chinese Govt. Bonds: 5% Reorgs. 1913,

London

58

58

8414

844

44% 1908

36

56

5% 1912

34

844

5% 1925

82

82

Imperial Rly. 5%. 70

S.N.R. 5%

20%

Canton-Kowloon

5.

5~10

5-10

2nd

Tientsin-Pukow 5% 6-12 Tientsin-Pukow 5%

6-12

S'hal-H'chow-Ning-

po 5% Hukuang 5% Honan 5%

6014 13-19"

5-10

15-19⭑ 5-10

Lunghal 5%

81

Marconi 8%

5-10

B-10

Vickers 84

59

5-1

Quotations.

Apr. 28

H.K. & S. Bank

97

95

Chartered Bank

11

10

given to Japan, that country which

62

Mercantile Bank

-18

18

8%

5214 56

21.C.S.N.

**9

eum.

Dref.

.7

6%

41

8914

1.C.S.N. def. ord..

2

3%

Unq BAT. Co. Reg-

Gula Kalumpong

6/8

6/6 70/- 71/3

2%

914

Jap. 5% Loan, 1907

Shell T. & T. Reg. 32/6 214 P. & O. def.

31/10

3

14/6

14/6

61

98%%

074

Jap.

6% Loan. 1024

7234

691⁄2

20

19

87 Chi. Eng. & Mining 28/3

21/3

5

Consols

60%

32%

་

9

8

826

4War Loan, 5%

1014

101

Canadian Pacific

164

60%

15%

12%

12

Victory Bonds, 4%

98%

981/*

7%. Int. German

277%

8%

64

Loan British

60

11

21%

20%

20% 1.C.L.. ord.

13/6

18/8

Courtaulds, ord.

80

10%

9%

8% Cables

9 Dunlops, ord.

7/3

&

Wit

the Carnegie

4

4

"B"

7

7%

Cablex

& Wirel

for the enlightenment of public

"A"

$12

2%

2%

opfaton, VA

Cables &

& So.

5/16

pret.

98

50

5

5

1%

1

384

87

27%

25

51

48

121 12%

7%

81%

234 235 14% 18% 80%

Saturday.

11%

10

15

12%

3%

10

kan States, with their longstand-