1932-05-23 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Bakkered Capitai

Tonand and `Tully Bald-up 2006. Kosorvo Pandha

£1,000,00

Boomera Kruzilag of Proprietore van 200,000,000 BEAD O (IGH, HỒNG sung.

E OF DISZUTORI:

Mon, MẺ, J. J. Paterson. Uhairnes

1. &. Paris, Bog Deputy Uhain.

B. N. 5. H. Maii,

ka K. Önmplos, Ben-

M. Tuotanon, K14.

M. Mirkin, Bog.

พย

MANGKOK

HATAYTA

BOMBAY

GALOUTTA

DAYTON

CERFOO

COLON BU

DALKEN

PLOCHOW MAIYEONO

3. a. Plummer. Mag.

T. 1. 3. Shaw, Bag

J. P. Warres, 14.

V. M. Graybara. Reg.

Diklat Masag.

KELVORES

LONDON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1858

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund.

Resorts Liability of Pro-

prietors

.£3,000,000 .ES,000,000

.£8,000,000

Agencies and Branches:

ACO BIAB

AMRITSAR

KUCHING

MADRAS

BANGKOK

BATAVIA BOMBAY

DALOUTTA CANTON

CAWNPORE

ALIPHONO KKAMBURG KANKOW

MANILA

MEDAN

NEW YORK

PEPINO (Paking)

PENANG

BANGDON

ΘΕΜΑΒΑΝΟ

TAIPING

B

COLOMBO

BAIGON

DELHI

BEREMIAN

SHANOKAT

BING PORE

LYONN

HARBIN

SITIAWAN

MALAGOA

HONG KONO

HONRABAYA

ILOILO

MANILA

IPOK

TIENTSIN

MDAR (Johsen) "

KARACELL

TONGKAN ¡habmQ

MOEDEN

KLAND

TRINGTAO

КОВЕ

VOROBANA

NEW YORK

PEITING

KUALA LUMPUR

Foreign

PENANG

RANGOON

SAN FRANCISCO

NALGON

MAXBUNG

BANKOW

RELAND HAD

BAMBIN

SINGAPORN.

MONOKEY

GOURANYA

IJAHLO

HUNGEL PATANI

101

TIENTSIN

JORDRE

TOKYO

Xua

THING140

KOWLOON

YOKOHAMA

KUALA LUMPUR

you or

Burranse opened in Cool CarsGay and Fad Deposita wired for one sharer periods to Lonal Curreny and hurting on same which will be quoted in spylingiana

Hong Kong. 5th April, 1992.

HONG KONG SAVINGS BANK.

The Maxicke of the sbors Bank'la ovudmond by the HONG KONG AND BHAYOHAI BANK Nu'es ma ba obiadani THE CUSTORATION.

•^online.

* THE HONGKONG AND SHANGHAI BRING CORPORATION.

V. K. OBATBURSE,

Chlet Manager.

Hong Kong, ayth February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head (Nice:-Hong Kong,

Authorhood Depțial (H.X. Outronsy) --$25,005, AN Vild-Up Chpñái consent

BRANOKES:-

Salon, Bhanghal. Hankow, Besion, Bengkok, New York and Han Francisco,

LONDON BANKRBS (—

The Lloyd's Bank, Limited. QORRESPONDENTA

In all petuotqul ollies of the Worbl.

Ensign Kichangs and banking bannam a

every Lumeriyklom kranenstad.

Biển Depoch Bosse (variona clase) aku poorly

umaści of trans $3 to $49.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganized October 28, 1928, under

special charter of The National Gov« sentment au an

INTERNATIONAL EXCHANGE

BANK.

Balsscribed Capital.....$25,000,000.00

Pak-Up Capital

Bewerte Funda

.$24,710,200,00

.# 3,820,508,82

HEAD OFFICE: SHANGHAL

HONG KÓNG BRANCH:

4. Queen's Road Central

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 dicats apecial facilities for domestle

mud foreign banking and exchanges.

KUALA KANGSAR ZAMBOANDA

Exchange

THE CHINA MAIL.

THE HOCHONG BANK, LTD.

(Established 1917)

HEAD OFFICE:-SINGAPOKE Hong Kong Brunch: 13, Quoan't E4. C.

Authorised Capital Strata $20,000,000 Tarned Capital" .... Paid-up Capital

Reserve Lablities of Shareholders. Burplus ...QUES

*

8,100,000

4,000,000

4,000,000

3,587,000

Branches, Agencies and Correspon dents in the principal cities of" che worki

Evary description of Banking and Exahara business transactad.

TAN ENG HOOL

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK

Capital, Surplus and

Undivided. Profts U.S.$225,508,775.

Branches in:

ARGENTINE

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA

DOMINICAN REPUBLIC

and General CUBA

Banklag business transacted.

Current Accounts opened and Fix-

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

J. STUART,

Manager. Hong Kong, 11th April, 1932.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

CURRENT ACCOUNTS. Cheques Cashed in 15 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.

(METETELANDS TRADING-BOJLETI)

-c

BANKERS.

Established 153,

Bong Kong Office 1-11, Quien'e Bood Castral.

Authorised Capital - Gulidora 180,000,000. Budd-Up Capital

Besser Fuck women

JAPAN

the

LONDON

MEXICO

PANAMA PERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS URUGUAY VENEZUELA

and

Commerce

Finance

WAY POINTING THE

TO WORLD RECOVERY ·

SOME BIG PROBLEMS AND THEIR SOLUTIONS.

MONDAY, MAY 23, 1932.

POST OFFICE

SURPLUS.

Over Nine Millions for

Past Year.

THE NOR CH UNION LIFE INSURANCE.

Continued Exjansion in Past Year.

A net surplus of £9,187,450 was STOCK EXCHANGE SECURITIES. made by the Post Office for the year anded March 31, announced Sir}

In spite of the special economic Kingsley Wood, Postmaster-General, dimculties of the past year, the addressing the members of the Norwich Union Life Insurance So- Manchester Constitutional Club. eiety is able to record continued pro- He said this figure, in spite of the gress in Its 124th anual report. grave industrial depression, was covering 1931, Total not Dow only a slight reduction-and a business increased by £216,011 to justifiable one in all the cir-8,249,645. Although expenses in- |cumstances—of £184,000 on thecluded special outgoings of

surplus for 1930.

quinquennial valuation to December It was, he added, a very striking 31, 1980, the ratio to total promiums

the

Sir A. Salter's Analysis, If conscious effort is effectively to assist in thing to know that last year it was has fallen from 14.05 per cent. to directing the world on to the path of recovery, it estimated that the number of postal 14 per cent. must be guided by knowledge and understanding packets and parcels carried by the

Post Office was ́ 6,637,000,000,

of the reasons for the initial collapse and for the increase of 77,000,000 over 1980. breakdown of earlier efforts at reconstruction.

to

The next quinquennial valuation does not fall due until the end of 1985, but the directors have de- There was a slight decrease in the cided to review the position of the It must take due account of the complicating number of money orders, which Stock Exchange securities, and the totalled approximately 14,965,000. net depreciation of £1,098,746 has influences of national feelings and political The number of poatal orders show been written off through the revenue ed an increase of 20,000,000 to a account. They thus appear in the opportunism.

(total of 191,200,000.

balance-sheet at or under market An Interesting sign of the times, prices at December 31 last All this Sir Arthur Salter brings Reviving. Foreign Lending.

Fire Insurance Results. briefly before us in his book Re- Having planned to secure stability said Sir Kingsley, was a large in-

The Norwich Union Fire Insur- covery, published on April 7, saya at the higher level of prices, he crease in the number of sixpenny

would then proceed to encourage a postal orders, which had gone up by ance Society reports net fire pre- Commercial and Travellers' Letters a.reviewer In the Financial Times.

9,000,000. of Credits, Travellers' Cheques, Bills. He has his own definite Idens as renewal of foreign lending, but care-

miums for 1991 of £2,005,678, · as It was estimated that of the total against £2,075,667. Net claims pald of Exchange and Cable Transfors

the directions in, which re-fully directed and controlled. Suc- bought and sold. Current accounts | and Savings Bank accounts opened medies for the existing position are cess here would reduce the disloca- surplus about £5,750,000 was due and outstanding were $1,056,167 and Fixed Deposits in local and for to be found, and outlines them with tion of trade otherwise resulting to the minimum charge of 11⁄2d for (against £1,109,023), or 52.66 per

currencies eign

taken at rates that clarity and precision. They are from the measures previously dis the inland and Imperial letter. cent., and after charging all out- & may be ascertained on application to directed not merely to the solution cussed, and he would, therefore, The results generally were all the goings £68,733 (against £66.247)

Bank. We are also able to offer our Cus-of current problems, but to the invoke the aid of the Governments more satisfactory, as hardly any is carried to profit and loss. tomers the services of the Branches ultimate reformation of the exist of the lending countries as guaran-country in the world last year had The accident and general net improved its position, and, in fact, premium income was £1,823,362 and of the International Banking Coring world order, to the general tors in order. to attract the con-

many services of other States had the net claims paid and outstanding poration in Spain and also of The benefit of mankind.

Adence of the investor. National City Bank of New York.

were £1,041,182, or 57.10 per cent. Meantime, he would have the na-; (France), SA, in Paris and Nice.

His analyses are eminently fair,

Apart from heavy subsidies paid After providing for all outgoings, R. M. MCLAY. and he is under no illusion as to the tions reform their internal financial

to shipping air transport companies, $105,651 is transferred to profit and organisation, and Manager. many "ifa" and "bute" which may and commercial

there was, for intance, A postal loss. Hong Kong, May 13, 1992.

nerve strained to ensure impede the operation of some of the every

political peace. This would take deficit in the United States of measures he advocates, THE BANK OF TAIWAN, LTD.

Those directed to the future us well on the road to recovery and some $98,000,000 for the year end-count (TAIWAN GINKO.)

reveal more than a touch of the to the author's final goal of a world ideal of inter-nationalism of which so' constituted that "the real work the League of Nations is the out-of civilisation can at last begin." SHELL UNION OIL'S HUGE LOSS. has been closed

The book, in both its historical standing example. Long associa-

New York, Apr. 27. tion with the League and with and its constructive aspects, makea international negotiations has given a valuable contribution

The Shell Union Oil corporation Vivid character-reports that in the financial year Back-Notme insted Average amount ...Yaz. 18,000,000 the author a clear idea of the value discussions.

no sketches of some of the outstanding 1931 it made a net loss of $27,000,- of co-operation; but there is (JAPAN ImToyko, Yokohama, Kobe, Osaka, sign yet that the nations are ready personalities in post-War negotia-000. POEMOSAO. Karanko, Sulus

Kakong, Naat, klochiku, Taiba, Tato entrust the oversight of the tlon, in which the author

HEAD OFFICE:-Taipeh, Formos. Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formona,

BRANCHES AND AGENCIES:

Takmo, Tamui, Town, Heito, Taito,

Baslow, Cantan.

Tork, Dalean.

LONDON BANKERS:

Barclays Bank, Lid, Lloyda Bank, Lid.."

Milland Bank, Ltd., Westminster Bank, Ltd.

Commercial Come throghout the world.

world."

to current

suffered severely.

ed June last.

was

to its

STRONG FINANCIAL

POSITION.

A gross trading profit of £1,020,-

Net premiums in the marine ac- amounted to £194,124 (against £170,175). The under- writing acount for the year 1950 and £15,000 has been transferred to profit and loss. The marine. fund amounts to £200,574.

all

Fermium Incomes. The total premium income from departments was $4,028,164, compared with 24,117,786 for 1980. Investments appear in the balance- Bheet at or under market value on December 81 last..

Profit and loss account shows

| CHINA :—Bbanghai, Hankow, Amor, Foochos, world's monetary and credit policy Intimately concerned, add

to such an institution as the Bank interest.

Its appearance is particularly ap- OTHERS:-Bong Kang, • Singapore, Bowabaya,

Semarang, Batavia, Bombay, London New for International Settlements or to

at the outset of the make the other modifications equally propriate necessitated by the fact that "an Danubian discussions-perhaps the 000 was earned last year by Morris balance brought forward £418,900, This compares and £189584 is credited from fire, international money system or Bank herald of something approaching M. Motors, Limited. The Bank has Comwpondente is all the principal can never function in a nationalistic Briand's vision of the "United with upwards of £1,600,000 for accident and general ad marine States of Europe," which is dis-each of the preceding two years. accounts. Intterest and dividends Trans- cussed in the book. May it be hope-The reduction is not a matter of amounted to $191,391 net. The Debt Question.

ed that it will help to stimulate the surprise when allowance is made, fers of £100,000 from contingency Sir Arthur's examination leads nations to remedial action in anti-first, for the world depression of fund and £200,000 from the gen- him to the conclusion that the cipation of events, instead of walt- 1981, and, secondly, for the fact eral reserva are credited to profit initial cause of our troubles is a dis- ing, as so often before, until driven that, to use the words appearing in and loss. location of the world's distributive by the pressure of economic neces- the report, the directors decided After debiting dividend to share- system, accompanying the coin-

sity?

meet the general economic holders (26 per share, as before) cidence of two major depressions.

*Recovery-The Second Effort. conditions by establishing the debenture interest, The one is industrial, partly cycli

By Sir Arthur Salter K.C.B. G. Bell 257,048, of which selling prices of muneration, Incometax and cal partly due to the greater and Sons, Yard House, Portugal the 1931-32 models at such figured debts, £85,725 la set aside for com- efficiency of modern, methods, to

I. NAGURA,

Maiger.

HONG KONG BRANCH:

Ouilders 20,000,000. Guliders $0,015,000-

3. De Vaux Road Central Hong Kong, December 3, 1981.

Head Oos-AMSTERDAM”. Bandera Band Office :—BATAVIA. Benchen--Bandiermasla, Baodong! Bombay,

Onicula, Chersbon, Dumber, Djok Jokacia", The Hague, Jidda, Kobe, Kakao Moda, Palembang, hiệ Longa, Tosung, Bangoon, Rotterdam", Samsung"); Shanghai," "Biapapore, Bor Vala, Boecker (Solo), Tegal, Tilžaljay and Weltevreden“.

-* Thane slices have data: Deposit Buzen to Tel.

LONDON BANKERS ;— MATIONAL PROVINCIAL BANK LTD,

Correspondania all owse the world. Banking Bus kam of vrace description transamed.

A. STOTIINK

Hang Long, 1st Deceber, 18

THR

We also handle the lane of Bonda AMERICAN EXPRESS COMPANY. and other Public Fanda of the Chin ews Government both at home' and

bread.

INC.

SHOU J. CHEN,

Manager.

Hood Office:-45, Broadway, New York.

Capital Surples

‚07.8.$6,000,000 .U.3.$1,572,454

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE KÁNK, LIMITED.

Established 1880.

→

Cestial (fully paid-up) Yen 100,000,000 Hoserve. Fund

Yen 117,300,000

Head Offce:-YOKOHAMA,

Branches and Agencias atr

Alexandria Ratavia

(Dalay)

Nagasaki

NAZDY Newchwang

New ·York

Osaka

Paria Pelping

Rangoon

le (Mukden) Elo de Janeiro

San Seattle Semaran

Francisco

Reserved ********..US$1,908,203

BRANCHES

Choos

Hamburg

Hárcs

Pang Faking

Polarno Kastardaas

PHOTO-SUPPLIES

Kodaks and Cameras.

Films, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES.

Price Moderate.

A Trial Order is Solicited.

A. SEK & CO.

Tel No. 28489. 26A, Des Voeux Road, C. Hong Kon

In

changed tastes and to other factors. Street, W.C.2, 10s. GL net.

BRITISH COAL TRADE.

Decline In Exports

Causing Concern

The other is agricultural,, chiefly the result of the influence of scienti fic advance and of mechanisation. They caused the collapse of prices, a financial crisis supervened and the whole was enveloped atmosphere of political tension and The decline in the British

trade is causing great

to

ол

directors' re-

bad

balance

of

as would show the lowest margin muntation of pensions, £879,978 is of profit consistent with business written off as decreased value of

investments prudence."

and a The net profit was sufficient to £112,668 carried forward. cover the dividend (£225,000) the Preference shares-which are held by the public-with a margin of £844,000. To mest depreciation coal at December 81 on Government lack of confidence.

concern securities the board wrote off Dealing first with the question of among shipowners, and efforts are £114,882 was taken from contin- Great in-gency reserve and $142,661, from reparations and war debts, as hav-being made to revive It.

in

ВА

P.I. COTQTON GOODS-

American Textiles Drive Out Japanese.

In spite of the depression, the

ing been already the subject of col-dignation is expressed at the term profits. It is pointed out, how-first two months of 1982 showed an lective action, the author urges ajof the latest Mines Act, which ever, that 2246,672 of the deprecia- Increase of over 60 per cent. in im further moratorium and an early stipulates a minimum selling figure tion had been recovered by the ports of cotton plece goods into final cettlement. After discussion for coal, thus enabling foreign com- date (March 21) the report was the Islands, as compared with last of the difficulties involved, he sag-petitors to foresee and undercut signed, which means that the con-year for the same period. As this In addition to tingency reserve, although nomi- is based on customs bulletins, there LATEST INVENTION

gests that the issue of ordinary our quotations. shares in German railways and in- this handicap home consumers have nally £246,000, amounts in reality may be included some delayed American Chemical Diamonds.

dustries for the inevitably reduced to pay 28. to 88, mare per ton than to quite double that figure.

liquidation, It is explained.? manu- Adding the contingency, reserve

The figures show a decided pre- Those diamonds are total of reparations would be the the export price, and our bqtial to real diamonds most effective plan, responsive alike facturers suffered a loss of 18 per (aay £492,000 to the general reference for American cotton textiles

respects. Specially in brillanes/to the influence of prosperity and cent during the past year, and ex-serve (£2,000,000) and the "carry over those of Japanese manufacture. be In the first two months of 1981, of lustre, Hardness, etc. adversity upon capacity to pay an ports have fallen 20 per cent. This forward" (£259,000), it will Can cut glass like real important point. Thereafter an has been partly due to import re-seen that the total reserves are the United States and Japan were diamonds, Frost against are, ale adjustment of war debts will, he strictions abroad, but chiefly co £2,751,000, wich compares with an running 50-50, but for the first two sold, water, oil, etc.

capital of £5,000,000 months of 1982, the United States can be washed with soap and says, be inevitable.

Practically 80 per cent. of me- Against current liabilities for had a share of 2 to 1 as compared and can be used for more than 100 The burden of all debts has been years, Price per carat HK$7.50 greatly increased by the collapse of chanically propelled tonnage to-day $48,000 the company shows cash, with Japan. Terms Cash or C.O.D. Those who

During January and February, HK$80 or more will get 20% dis these might be brought back to the all foreign vessels now building will for $4,814,000. Goodwill has been 1981, the Philippines imported purchase diamonds to the value of prices. The suggestion is that is independent of coal, while nearly debtors, and Government securities count. Send your ordera direct to the 1829 level by the on-gold countries barn oil Obviously the time Is written: down to £500,000 4,898,000 square meters of cotton American Chemical Diamond Co, expanding their currencies to the most inopportune for putting of Saancial position of the Morris piece goods from the United States limit of safety. The author admits stacles in the way, of the coal trade. Company thus remains one of great and 4,896,000 square meters from. When ordering mention "Chins Mail" that note increases would be ineffec. It is felt by many that the Govern-strength.

These

F.J. Box No. 240, Panang, 8.8 20

Brunches of American Expessi Con- ALEXANDER

pany in Principal elties of United States of Amerion" and Canada.

INSTITUT DE BEAUTE

All classes of Cosimarcial Banking | Transdótions' uhlovfalcon.

Opposite »Entranos

Hour

Persónal investment

foreign competition.

tive unless they were allowed to ment puts too much faith in oil for exert their normal Influence upon the vessels of the Royal Navy. The coal trade would benefit greatly by trade.

Admiralty orders, while an entire One cannot but feel that the gold reliance on all may put the nation standard itself would have achieved in an awkward position in the the same results esriler but for the

Pulverised

working

of its

ent of hostilities, goal is being developed however, and we have the of the Admiralty that

nterest in

issued

LANE AND CRAWFORD'S.

A Profit, of $250,000 For The Year.

The report of the Directors Lane, Crawford, Ltd., for the February 29, 1982;||| Lance at crédit

illow for

Japan, a total importation of 4,890,000 square meters from Japan, a total importation of $9,294,000 square meters.. During January and February, 1982, the Islands. Im- |ported - 10,144,000 square meters

from the United States and 14,825,-.. of 000 square meters from Japan, or a ear, total Importation of 14,969,000

square meters,

P16-5. In other words, while the Japan- ese share remained stationary, the Unl! States - doubled "^ita,

"Tokyo`t