1932-05-17 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Ivsmed and Folly - 21.800.200 Besar Fund-

Merete Lésbilliy of Propélakort ............... 106,900,00 SHAD OFFICE, HONG KONG.

MARD OF DIRECTORS—

Mon Mt. 1, J. Pateroom,

Chairman

T. E. n. Reg.

Depay Chair

Mm. Mỵ. W. E. Bell, J. A. Flussonar, Bag.

A. & Dempion, Be

M. T. Jonsson, Bag-

S. Miskin, --Eə,

-AMOT

BANGKOK

ΠΑΤΑΡΙΑ

SOMEAT

CALCUTTA"

T. 1. 1. fhow. "Bag.

3. F. Warcon, Bag

F. M. Gayburn, Big,

Chial Manager.

BRANQUES-

-LONDON

PENANG

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Birtablished 1917.) |

· HEAD" OFFICE:~~SINGAPORE. Hong Kong Branch: 13, Quoom's RL. C.

Authorised Capital Straits #90,000,000 Issued Capital .... Pak-up Capital

Raseste

Liabilities

of Starsholders Barplan

Commerce an Finance

8,000,000

4,000,000

#

4,000,000 Company Meeting.'

3,687,000

THE

SINCERE

LIMITED

Branches, Agascier and Correspon- 48,000,000 desta in the principal eltier of" the .£3,000,000 (world.

Every description of Banking and «£3,000,000 | Marchangs business, transacted.

TAN ENG HOOL,

HEAD OFFICE: LONDON.

Paid-up Capital

Rorerve Fund

Reserve Liability of

prietors

Pro-

Agencies and Branches:

KUCHING

MADRAS

MANILA

ALOS 8TAR

AMRITSAR BANGKOK BATAVIA BOMBAY DALOUTTA CANTON CAWKPORE OPBU COLOMBO DELI

HAIPHONG KANDURG

MEDAN

NEW YORK

PEPING (Piking)

PENANG

BANGCON

SATOON

BEMABANG

BEARMBAN

SHANOTA!

SINGPONE

KUALA KARGBAN ZAMBOANGA

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

| Capital, | Surplus and

Undivided Profits U.S.$225,503,775.

Branches in

ARGENTINE LONDON

HANKOW

LYOKA

HAREIN

KITLAWAN

MALACOA

HONG LONG

BOIRABAY...

MANILA

ILOILO

TAIPING

IPOBI

TIENTAIS

HỪAB (abors

КАПАСНІ

TONGKAH (Bankel)

VANTON

MUEDEN

KLANO

TBINGTAD

63300 COLOMBO

NEW YORK

КОЛЬ

TOKOHAMA

BELGIUM.

PEIPINO

BRAZIL

DAIENN

KUALA LUMPUR

CHILE

Foreign Exchange

and

General

CHINA

LOMBIA

DOMINICAN REPUBLIC INDIA ITALY JAPAN

FOUCHO

KAIPHONG

TAMBURO

BANKOW

HARBIN

ZONGKHW

ILOILO

[POR

JOHORE

FORE

KOWLOON

KUALA LUMFUB

GAN PRANOI200

SOURABTA

BANGOON

BAIGON

SHANGHAI

BINGAPORE

SONGZI PATANI

TIENTBLA

TORTO

TRINGTAO

YOKOHAMA

Carrete Accounts opened la Loval Carrey and is Deposlis received for van pode or shorter periode in Local Currency and ring

which will be quoted on applisakise Hong Kong, 6th April, 1932.

HONG KONG SAVINGS BANK.

The Bands of the above Bank is panustad by the HONG KONG AND BHANGHAI BANK- ING CORPORATION. Bules may be ableized va appklonilos.

*

FOR THE MONOKONG AND SHANGHAI" BANKING CORPORATION.

V. M. GRAYBURN,

Chiel Manager.

Hong Kong, 27th February, 1933.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofee-Hong Kong,

Akibechend Capital (H.X, Untraway! ~~||LL,#ng 00 Pali-Up Capiši seneste

1,000,000 1,300,000

BRANCHES 1-

Orion, Bhangkat. Hankow, Benbow, Bangkok, Haw York and San F

LONDON BANKEES :—

The Elys's Baby [264.

CORRESPONDENTS

ka li principal ofilm of the World,

1.

Prijs Balange and bullag beitsen of

Ammetýlion Transacted.

Boxes (vacions sinse) si a panely

zental of Iron. QE to $40.

LOOK POONG BHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 28, 1928, under

special chartar of The National Goy- ernment as an

INTERNATIONAL EXCHANGE

BANK.

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

Paid-up Capital

Reserve Funds

...$24,710,200.00

...$ 2,820,503.82

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4. Queen's Road Central,

Deing to our numerous branches in China and large comièctions in the portaat commercial centres of the world, we are able to extend to our ellants special facilities for domestic and, foreign banking, and mankangas.

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.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

CURRENT ACCOUNTS. Cheques Cashed in 16 minutes while you wait.

SAVINGS ACCOUNTS

We offer good rates of interest.

TOTAL RESOURCES $19,000,000

EFFICIENT TRUSTWORTHY- RELIABLE COURTEOUS.

144-150, Des Voeux Rd C.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY) BANKERS

Hesablished 1934,

Hong Kong Odos 1-11, Queen's Road Central-

Authorized Capital win Guildars 150,000,000- Fald-Up Capital

Guillars 80,000,000 -a, Onildars · 40,010,000-

Basarri Fead

Enak Offs ---AMSTERDAM”.

Eastern Head Oños:—BATAVIA.

MEXICO PANAMA PERU

PHILIPPINE ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

COMPANY,

ANNUAL GENERAL MEETING HELD

ON SATURDAY,

$250,000 Profit.

TUESDAY, MAY 17, 1932,

hat business passed through, dur- tors, were re-elected and Messrs. ing the Yangtze Flood period last Choy Tin Yat (486,968 votes), Ma year followed by the anxieties ex-Hoon Bew (482,698 votes)" perienced through the Japanese in- Tong Wing Yiu (446,828 votes) vasion of Manchuris last Septem- were elected Directors. ber and the Shanghai climax on the 28th January when the Japan- ese troops poured into that port, and notwithstanding these diffleult periods the Directors were able to Before terminating the meeting. present shareholders with such a the Chairman thanked the share- satisfactory Balance Sheet was holders and announced that the pleasing indeed.

`Other Business. Messrs. Percy Smith, Seth and Fleming were elected Auditors for the ensuing year,

2

dividend and bonus totalling Might Have Done Even Better, [18 percent.. would be pald Attention was drawn to the fact on application at the Com- that had these Incidents not taken pany's offices on or after Monday. place, the figures would have gur-

prized all expectations and seeing)

that the Japanese Government has SUN LIFE ASSURANCE COMPANY been wise to order early and com-

OF CANADA. plete withdrawal of Its troops from Shanghai, and provided no further untoward incidents take place,

Increased Revenue.

The Annual General Meeting of | 29th February, 1932, be adopted, shareholders can confdently look the Sincere Co., Ltd. was held at and when this has been seconded, forward to a very satisfactory year The report for 1991 of the Sun the Company's roof garden, 178 Des I shall be pleased to answer to the of 1982.

Life Assurance Company of Canada - Voeux Road Central, last Saturday, best of my ability any questions Mr. Ma Ping Yip also spoke on states that the new policies fasued the 14th instant, and was well at-you may desire to ask. tended, over 200 shareholders being Mr. Kwong Ming Kok seconded

the adoption of the Report Mr. Choy Hing, the Chairman of Statement of Accounts. the Board of Directors, presided, There were no questions. and in presenting the annual re-motion was put to the meating and port and statement of accounts carried unanimously, said:-

Mr. Ma Ying-Piu's Address.

present.

behalf of the Shanghai Branch and paid for numbered 147,246 for followed by Messrs. Cheuk Sho-wo a net amount of £108,480,660. *This and and Ma Luck-pun from the Canton figure has been exceeded on only Branch giving a most gratifying two occasions in the company's hia- The account of the said Branch Stores. tory. Of the total, £11,201,938 was Mr. Chen See Reviews Pass Year. In respect of policies on the group After local manager, Mr. D. Chen plan. Total assurances outstanding See had referred at length to local at December 31, after deducting conditions during the amounts reassured, was £826,953,-

The net profit for the year, after Mr. Ma Ying Flu, the founder business providing for depreciation, amounts and managing director of this period under review, Mr. Ma Man-843, an increase over the previous Commercial and Travellers' Letter to $2,489,733.46 as compared with great organization was the next tal, sub-manager, who has had year of £88,501,812. Policies In of Credits, Travellers' Cheques, Bills $2,144,199.72 for the preceding speaker. He traced the Company extensive experience in London and force now number 922,694, and, in of Exchange and Cable Transfers bought and sold. Current accounts year, and in view of the serious back to its infancy, 32 years ago, on the Continent as representative addition, 240,910 certificates of as- and Savings Bank accounts opened

ened trade depression and uncertainty starting with the small capital of of the Sincere Company, described surance are held by employees under and Fixed Deposits in local and for of exchange throughout the period, $25,000 and the shareholders were to the shareholders the wide rami- the group plan. Payments to polley- &eign currencies taken at rates that I think shareholders will naturally treated with an outline of its his fications of the Company's activi-holders and beneficiaries in respect.

may be ascertained on application to agree that the results may be con- torical progress until it reached its ties through its subsiduaries such of death claims, matured endow We are also able to offer our Cur-aidered as very satisfactory. present important position not only as Banking, Fire Insurance, Life ments, profits, etc., amounted to The Shanghai Trouble, In Hong Kong, but Canton and Assurance, and Manufacturing In- £18,822,870. These payments exceed

the

Bank.

tomers the services of the Branches

R. M. MCLAY,

Manager. Hong Kong, May 13, 1932

(TAIWAN GINKO.)

BEAD OFFICE-Talpek, Fermosa,ing on as usual.

Incorporated by Special Imperial

Charter, 1899.

Castral Bank in Fort

of the International Banking Cor-{ Obviously, were it not for the Shanghai and known throughout the dustries, quoting the huge figures the total annual assurances issued poration in Spain and also of The fact that the business of our length and breadth of China as the of direct and indirect employment by the company nine years ago. National City Bank of New York Shanghai Branch had been suspend. perpetual Commercial and Industrial made possible by the efforts of the The total revenue for the year was (France), S.A., In Paris and Nles.

ed for the whole month of February Exhibition of the East.

pioneers of the Company with the £40.206,678 (an increase of £1,281,- on account of the unprecedented To-day the Company has a paid shareholders' capital and with the 408), and the excess of revenue over situation created by the Japanese up capital of $10,000,000 plus various future progressive plans in view, expenditure

was £12,670,266. The invasion, our profit, would have reserves totalling $2,308,896.25 and the management look forward to total asseta have advanced to been much larger than the amount it is not to be wondered at that Mr. extend the field of that employment $128,384,477. The rate of interest ways for the economic earned on the mean invested assets THE BANK OF TAIWAN, LTD, to state that our Shanghai Branch when he described the successive benefit of all concerned.

just mentioned. Now I am pleased Ma Ying-plu felt a very proud man in many

was £5 28. 8d. per cent. Profits resumed its business on the 1st stages through which the Sincere Shareholder's Congratulation. paid or allotted to policyholders. March, and has since been carry. Company was piloted through to its' A shareholder, Mr. Wong Hau- during the year have amounted to

present position by the co-operation sang, manager of the Commercial £5,347,833. The Account.

of his close associates who sat Press Ltd., congratulated the Direc- Turning to the statement of ac-around him, patting the chairman tore and Management on their suc-

L.I.D. CERTIFICATES. counts, you will note that the Mr. Choy Hing on his back, as he cessful achievements and on behalf amount available for appropria- unfolded the fruitful results of of the shareholders moved a vote Baux-Noter Laued Average aoval Yen, 48,000,000tion, including $586,244.20 brought their life long work, due acknow of thanks to the Chairman which agents for the Societe Internation Messrs. A. Goeke & Co., local forward from the previous year, is ledgment being given to the staff was unanimously carried amidst ale de Placements, Basle, advise Wakong Nants, Ehinobike, Taichu, Talon; $3,074.977.72, which your Directors from its inception, as he said, which acclamation, Takeo, Tamrul, Toon, Hall, Tailo

us that yesterday's ómélal quotation CHINA-Shaped, Hankow, Amoy, Foochow Transferred to Build

helped to make the success attain- have appropriated as follows:--

Messrs. Choy Hing (566,871 in Basle was: £2.11.68. ed possible.

votes), ~ Ma Man Chung (542,633 $200,000,00 Shanghal Branch Representatives. votes), Harr Choong Jewe, (536,- The Shanghai Branch was repre- 051 votes), Ma Cho Yung (585,805 100,000.00 sented at the meeting by Messrs. votes), Ma Wing Chan (527,880 Wong Chee and Ma Ping-yip votes), Jan Con Sang (526,059 managing director and sub-mana- votes), Wong Kin Cho (524,671 150,000.00 ger, respectively. all of whom ar- votes), Hong Sling (515,899 votes), 1,000,000.00 rived in Hong Kong during the last Kwan Hong Key (487,004 votes), 800,000.00 few days especially to attend the James O'Chew (464,195 votes); Lâm 297,946.69 meeting.

Woo (466,156 votes), Ma Wal But- Mr. Wong Chee referred at length (462,741 votes), and Cheng Man $2,047.946.09 to the trials under which Shang-Ylu (453,501 votes), retiring Direc

BRANCHED AND AGENOTES

JAPAN :—Tosko, Yokobama, Kobe, Önska. FORMOSA 1-Oiran. · Lagi, Kranka, Kaglung.

Batow, Canion. OTHERS-00g Kong, Bugapore, Bourabaya, Semarang, Batavia, Bombay, London, New York, Pudran,

LONDON BANKERS:

Barclays Bank, Ltd, Lloyds Bagh, Lad., 1 Midland Bank, Lid., Westminster Bank, Ltd.

The Bank haw Correspondanta in ali iku principal Commercial Coutree thugbon the world. K. NAGURA,

Manager.

HONG KONG BRANCH:

18. De Vaux Bood Central. Hong Kong, December M. 1981.

Djak?

Brasokas :---Bandjarmasin, Banioeng), Bombay

Calotti, Charliem, Dr. jakarta", The_Bague", Jaiak, Zobe, Malamity Holas Palambanga Taka-

langan, Pourng, Rangoon, Roviarlar". Basawang, Shanghal," Bizjapore, Soers- bale, Bareskaria (Solo), Tagul, Tiibijap and Walterraden","

• These illows have Safe Deposit Botas de Lei.

LONDON BANKERS ------

NATIONAL PROVINCIAL BANK LTD.

Correspondents all over the world. Banking Basi 2001 of story description sramnosed.

4. STOKKINE.

Hong Kong, isi Decombir, 1981.

THE

Kszige

We are handle the frame of Bonds AMERICAN EXPRESS COMPANY.

and other Public Funds of the Chin- air Elevennadht both at house and abread.

Hong Kong, 8th March, 1991.

INC.

Head Ofice---55, Broadway, New York.

SHOU J. CHEN,

- Manager.

Capital Surplus Reservas

THE YOKOHAMA SPECIE BANK,

LIVIITED.

Established 1884.

Capital (fully paid-up) Yen 100,000,000 Beerte Fund

Yen 117,800,000

Hand Office:"YOKOHAMA.

ches and Agəncing at:

Calcutta

Changekan

Nagmaak!

Nagoya

Newchwass

New York

Paris Peiping (Tiny) Hangyon utlaw" (Mukden). Rio de Janškro

Lustedung

Anyw

....U.B.44,900,000 $13.8.$1,572,454 *U.8.81,908,209

· BRANCHES 2000

***

Chance Beagov Havana

Ficiona

Blambery

Fade

Einerita Bombay

Peking

Jerusalam

Loodos Lavergnál:

Paleruss

Ustombe

Lexor

Oussiaužimayle · Mamia Oncio

Gers

Branches of American Express Com- pany in Principal cities of United. Biates of America and Canada.

FOR SALE.

POSTAGE STAMP CATALOGUES

FOR: 1932 from

STANLEY GIBBONS

Part I.

Part Il

..$5.25

.$8.00 Yvert & Tellier

.$6.00 Scott Stamp & Cola Co. $8.00

GRACA & CO., Dealers In Postage Stamps, Garden Seeds, Philatelic Goods, etc.

No. 10, WYNDHAM STREET, P.O. Box No. 820. HONG KONG

UNCLAIMED TELEGRAMS.

The following unclaimed tele grams are lying at the Eastern Ex- tension Telegraph Ca's office:-

Abass, from Calcutta. Brattowsky, Hong Kong Hotel, from Leipzig.

Milneholm, care of Peninsular, from Cairo.

ing Reserve Transferred to Ex-

change Reserve. Transferred to Re-

serve for Bad & Doubtful Debts... Dividend of 10%.... Bonus of 3% Bonus of Staff

Carried forward to

next account

1,027,031.08

$3,074,977.72

Bullding Reserve. You will notice that our Building| Reserve now, stands at $700,000,00 and Exchange Reserve at $400,000.- 00, and, with the substantial balance to be carried forward in the Profit and Loss Account, it can be safely said that your Com-; pany is in a very strong position. The appropriation of $150,000.00 to Reserve for Bad and Doubtful Debts has been made in pursuance of a conservative policy of the Directors, and I trust shareholders will concur in their decision and approve the allocation of the pro- fit as shown in the accounts' under review...

Banking & Savings Department. The Loan and Deposit item óf | the Banking and Savings Depárt- from shareholders and depositors ment amounting to $8,045,165.14

further proves the great extent of confidence in which the Company is held and during, such a period as that we have recently, experiene- ed, 83,417.806,71 as Cash In Hard] and at Banks, show that your Pirst-

H-Pearman, P:0;Box-410, from tors have left no stone unturned

London Pa.

Banderson, Feninsular, from Shanghal

A. L. Willar, Hong Kong Hotel, from Paris.

C. C. CLARKE,

gation Manager, Hong Kong, May 12, 1982, V

San Francison,

All classes of Commercial Banking & The foll wing unclaimed "tale | Transactions undertakan.

grams are lying at the office of Northern Company (Limited)

Dan

Joblemm, from Ahangi

Bir Cecil Kay

pure, from

Compariane

Hong Loại

In order to ensure the conduct of your business under the most satis- factory conditions.

Appreciation.

OPEL

A.O.F.C. Averago of Shanghai Stacks

Edat

THUIT!

EEPING NEWTANOWIE

6's

With the exception of a small day, all the major issues chowing ver, the policy holders in many Before I conclude my speech, Irally on Friday, carrying the a fractional improvement China territories insure in gold or sterl- wish to take this opportunity of A.0.F.. average to 20.97, last seller at 6.87% International sary to guarantee their contracts Finance had buyers at 5.88% and ing currencies. Thus it is neces recording the Directors' apprecía... A tion of all that the staff have done week did not register notable Investment Trust advanced to 8.25 with capital and reserves | safe- to achieve such splendid results as changer on the Shanghai Stock Ex- and Shanghai Lands changed guarded against excessiva depra- placed before your and with this I change. An improved sentiment hands at 35.10 Shanghai Tels ciation of the silver currenc am sure shareholders would like to could be observed on Thursday, al phone was wanted at 51, Ewo re has associate themselves, though the business done was mained unchanged at 18.20 Mar

proposed that M7. Cal It must be noted that great cras small, dit is due to Managing Director,

theable

cond

(dagie, trading reflect- At the second annual - generál

ad more hopeful outlook of the meeting of the International As

of the | surance Có, Lta, the Chath

ware | A. D. Bell, after giving an account the of the company's business resulte

during the past year out

Any as Investment, poli

been pointed out that

the

could succeed the

bus