1932-05-26 — Page 2

BANKS

·HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Daglia?

Larned and Fully Faid-up

Barra Funds |—

63

(10,000.0

-520,800, 190

Wanners, Klability of Proprietores $67,000,000

HEAD OFFICH, HONG KONG.

WED OF DIAKOTORA:-

Man, Mr. J. J. Polarova Chairman

T., La

Dopady Charinan.

M. W. II. Bell.

'

* E. Campion. Eng.

46. T. Jaksava, Kan.

a. Miskia, Esq.

ΣΚΟΥ

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

1. A. Flummer, Ang.

T. B. E. Maw, Eng

1. P. War. Ex.

V. K. Grayburn. Zog Orief Manage.

RANGEZA: –

LONDON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE CHINA MAIL.

THE HOCHONG BANK, LTD.

"(Histäblished 1917.)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 18, Quem's Rd. C.

Authorised Capitál Straità $20,000,000 Issued Capital Paid-up Capital

8,000,000

4,000,000

4,000,000

$,687,000

Incorporated by Royal Charter, 1853. Reserve

HEAD OFFICE: LONDON..

Paid-up Capital

Roserve Fund

Rosarve Liability of

Pro-

prietors

£8,000,000 23,000,000

£8,000,000

ALOR STAB

Agencies and Branches:

AMBITHAB

BANGROK BATAVIA BOMBAT CALOUTTA CANTON GAWNPORK CEBO COLOMBO

HAIPHONG

ECCHING

MADRAS

MANILA

VEDAN

NEW YORK

PEPINO (Paking)

PENANO

BIANCOON

KEMARANG

TAIPING

Liabilities

of Skarabolders. Surplu

Branches, Agencies and Correspon- dents in the principal cities 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.$225,503,775.

Branches in

ARGENTINE

BELGIUM

BRAZIL

CHILE

SAIGON

DELHI

SEKXMBAN

HAMBURG

BHANGHAI

HANKOW

SING PORT

HARBIN

SITIAWAN

BONG KONG

SOBRABAYA

MALACOA

ILOITA

KANILA

POR

TIENTSIN

LONDON

HUAR (Joan'

KARACHI

TONGKAR (Bhiko)

MEXICO

KLANG

NURDEN

THINGTAD

PANAMA

КОВР

YOKOHAMA

NEW YORK

KOALA KANOBAR

ZAMBOANGA

PERU

PEIFING

KUALA LUMTUR

CHINA

PENAND

RANDOUN

Foreign Exchangs

and

HAIGON

General CUBA

COLOMBIA

PHILIPPINE

HANDURG

BAN FRANCUHD

CLANKOW

BUANOMAL

UDA DOMINICAN REPUBLIC

MARBIN

AINGAPORE

FONOKEW

HOURABYA

110110

RUNDEL PATANI

TIENTSIN

JOZOBR

TOKYO

KISK

TUNDTAO

CERTOO

DOŁAM DO DAISEN VOUCHOW MEO:0

-ZOWIUON

SALA LOM FUR

TOKOHAMA

Asemate opened in Local Correary san Find Depret retailed for que gate - M aber perleda se Lurst Currency hacking terms which will be quoted on applicaESAN. Hong Kong 6th April, 1932.

HONG KONG SAVINGS BANK.

The Foul of the whore Bank la conducted by the HONG KONG AND RUANGLIAL BANE ING CORPORATION. Ra'.. tay be obloed is nyplication.

# THE HONGKONG AND RHANDRA! BLAKING OORPORATION.

V. N. GRAYANAK.

Chis! Mag.

Hong Kong, 27th Eebruary, 1932.

THE BANK OF CANTON, LTD. Established 1912

Head Office: Hong Kong. Lusheeland Capital (H.X. Ourrency) -~$11,500,000 Falk-Up Capital anımanage

10,000

Serre and .......

ABANCHEST

Canton, Shanghai,

Hankow, Insłow,

Bangkok, Her Tork and Van Prontano.

LONDON BAYKKES 1–

The Log Bask, Limited.

CORRESPONDANTS

fu il principal oilies of the Wor

Tigh Kobange und banking bastasse of

avery Lossipklon: wmámsosed,

Mas Deposit Box (various sluss) si a yesrip

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capita!

-$25,000,000.00

Pald-Up Capital

.$24,710,200.00

.$ 8,820,508.82

Reserve Funda

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4 Queen's Road Central.

Owing to our numerous branches in China and large connection to the Important commercial centres of the world, we are able to extend to our ellents special facilitlen for domestic and foreign banking and exchanges.

We also handle the issue of Bonda and other Public Funds of the Chin- e Government both at home and abroad.

SHOU J. CHEN,

Mazager.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Banking business transacted.

Current Accounts opened and Fix-

ed Deposits received for one year or INDIA 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 15 minutes

while you wait.

SAVINGS ACCOUNTS

We offer good rates of interest.

TOTAL RESOURCES $19,000,000

EFFICIENT TRUSTWORTHY- RELIABLE COURTEOUS.

144-160, Des Voeux Rd, C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

{NETHERLANDS TRADING BOOTETT)

BANKERS.

Established 18N.

Hong Kong Onion 2—15, Quaen's Road Central.

Authorised Capital Builders 180,000,000- Pald-Up Capitat”. Guildare 80,000,000- Beserve Fund Outlets 10,015,000- Hard Dica:-ANSTERDAM®. Eastern Hood (150)—BATAVIA.

Branches :--Bandjarzmasin,

ITALY JAPAN

ISLANDS

KRUPPS LOSE £900,000

24,000

Commerce and

Finance

WORKERS DISMISSED

IN - 18 MONTHS

SETTLEMENT DAY.

Passes Off Quietly Yesterday.

THURSDAY, MAY 26, 1932.

·DOLLAR RISES.

Silver Improvement in London.

NO CHANGE IN NEW YORK.

An improvement of wAS shown by the Hong Kong Dollar yesterday. It being quoted at 18. 2%d.

Inter-bank business was done at about 1s. 3.7/16d. and the undertone was firm.

Silver rose 3/16 in London and Settlement Day of the local Stock India and China bought, but offer- Exchange, yesterday, passed off ings were small. The market rul- All transactions were ed firm after the fixing of the rate A total loss of 13,415,000 marks quietly. (just over £900,000 at current rates) effected smoothly and business, was and America was inclined to buy. In New York there was no The volume of is shown in the report of Krupps completed at 2 p.m.

change in the price of silver which remains at 28 cents.

for the year ended September 30 business done, however, was small last. Of this sum 9,000,000 marks are covered from reserves, the re- mainder being carried forward.

BOYCOTT AT SWATOW.

Chinese Chamber To Discuss Matter.

ווי

Swatow, Apr. 30. A meeting has been arranged at

The directora express the view that the 'revival of the world's economic life and the restoration of can only be expected confidence after "a definite cancellation of International war burdens."

All products from coal to steel which the Chinese Chamber of Commerce and representatives of slumped heavily, the report says, the boycott committee are to dia- PORTO RICO STRAITS

and this drop continued even intol SETTLEMENTS the first quarter of the new buel cuss various questions relating to URUGUAY

Orders on hand are only goods seized as being Japanese by the committee, and about which VENEZUELA

a third of those in normal times,

there is doubt or dispute as to their Japanese origin. Members of the old student committee, which was, disbanded by the officials some time ago, will attend.

Commercial and Travellers' Letters

ness year.

The number of employees fell by

of Credits, Travellers Cheques, Bills 18,000 to 56,000 during the 1931 of Exchange and Cable Transfers business year, and since then an- bought and sold. Current accounts

other 6,000 have been dismissed. opened Savings Bank accounts [and

and Fixed Deposite in local and for- eign currencies taken at rates that & may be ascertained on application to

Bandösug", Borsbay, Calcutta, Cheiben, Dabar, Djok akaria The Hague", Jiddah, Kobe, Makasara Medan, Palambang, Paks

Passat. Bangoon, Botterdam","

Bemarang, Shanghai, Bingapore, Bowes.

the Bank.

We are also able to offer our Cos 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,

Hong Kong, May 13, 1932.

Manager.

CHILEANS START RUN FOR SILVER COINS.

At the local Chinese Exchange, last evening, Canton Central Bank notes were quoted at 54.85 per cent. while Hong Kong dollar notes. In exchange for Kwangtung| silver, were at a premium of $426 per $1,000.

THE SUN LIFE.

C.$527,000,000 Of New Assurances.

of

the

vast

Some indication strides made by the Sun Life As- surance Co. of Canada may be gathered from the president's ad- dress at the annual meeting.

It will be recalled that during the early part of this year there was a students. strike by way of He stated that new assurances of protest at the alleged slackness in over C.$527,000,000 had been receiv- the enforcement of the boycott, ed during the year, the total in and the exclusion by local Party force now exceeding C.$3,000,000,-

L

Santiago, Chile, Apr. 7. There was excitement in the financial district to-day when hun-officials of students from taking 000.

The Singapore branch, which dreds of men and women fought active part in the boycott on ac- their way into the Central Bank count of their alleged inability to comprises the S.S., F.M.S., Sumatra- and started a heavy run for silver distinguish between Japanese and West Java and Siam, made a sub-

other foreign goods.

stantial increase during the year coins of any denomination.

Since that strike was settled, notwithstanding the general de- A riot call brought the police and the lobby was cleared, but a students have not participated in pression prevailing thoughout the THE BANK OF TAIWAN, LTD. the formed outside the building the boycott, but there are, apparent area.

· (TAIWAN GINKO.)

and the tellers paid on demand. ly, still matters relating to goods The president, at the annual confiscated which have not yetmeeting; drew attention to the fact teen settled.

that "in addition to the surplus of more than C.$16,000,000 over all abilities and capital stock, we have a contingency reserve of over C.$4,700,000 to provide for possible shrinkage in mortgages and other.

HEAD OFFICE-Talpeh. Formosa.

Incorporated by Special Imperial,

Charter, 1899,

Capital Bank in Formen.

There was a shortage of one-poso and two-peso pieces because many. Chileans are

The boycott, as such, has not for hoarding them

been enforced since the time of the their silver content.

Officials at the mint said there agreement between the Mayor and Bank Notes Hued Average amount... 45,000,000 was danger all silver coins might the Japanese Consul, the modified be taken out of circulation by the boycott committee confining its hoarders, and a proposal for issuing activities to propaganda. negotiatable stamps or small bills was under consideration. There was fear in some quarters the peso

BRANCHES AND AGENCIES:

JAPAN-Torko, Yokohama, Eobe, Quake. FORMOSA --Dires. Kari, Karenko,

Vakong, Nauta, Shuchiis, Talebu, Tela, Takao, Tamaul, Toan, Heito, Taito OHINA-Shaoghal, Hankow, Amoy, Foochow

Swalew, Canton

OTHERS-Hong Kong Singapore, Sourabaya,

Semarang, Batavia, Borbay, London, New might drop so sharply that paper

Tork, Dairen,

LONDON BANKERS:

real estate investments.

"The profits paid or allotted to JAPAN TO SELL RICE

to over policy-holders amounted Tokyo, May 8. C.$26,000,000, or over 20 per cent Five hundred thousand koku ef of the total annual premium in- money would be worth little. old rice now possessed by the come."

As the day wore on and the run Japanese Government will be put on continued it was announced the jaale May 14 and an equal quantity bank had 3,500,0 pesos, in 20-of new rice will be purchased on The Bank has Borrapondents in all the principal centavo pieces and many persons May 19, it was announced to-day in the line dropped out and went by the Ministry of Agriculture and home.

Forestry.

Barclays Bank, Lu, Lloyds Back. Ltd.. Midland neck. Lid. Westminster Bank, Ltd.

Commental Centree throughout the world.

E. NAGUNA,

Маширок

HONG KONG BRANCH:

8. Das Vaux Road Central. Hong Kong. December 24, 1001.

FOR SALE.

bal Bowrabarte (Bolo), T, POSTAGE STAMP CATALOGUES

• These offices have fala Kaposli Bozen to Lat.

LONDON BANKEEḤ 1—

NATIONAL PROVINCIAL BANK LTD.

Correspondents all over the world.. Banking Bul sasa al eracy dusveipālam, transzíted.

A. STOKKINE,

Rong Kong, st December, 1981,

THE

Up to noon the bank had paid out 500,000 pesos (about $60,000) in the 30-cent pieces..

FL

FOR 1932

.from

STANLEY GIBBONS

120.00)

27.

Part I.

...$5.25

Part II.

.$8.00

Yvert & Tellier

.$6.00

Manager

|13.00]

Scott Stamp & Coin Co. $8.00

GRACA & CO.,

AMERICAN EXPRESS COMPANY.

INC.

Band Office:-65, Broadway, New York

Capital

Burplus Reserves

.U.S.$8,000,000 .0,8.$1,572,454 US$1,908,209

BRANCHES.

Ámalardan Gems

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

Besla Facia

..Yen 117,800,500

Marells

Glangor

Hamborg Harmo

Panan Enterlaken Toling

Naples

Boobay

Brant Hessela Buenos Aire

Established 1380.

Dealers in Postage Stamps, Garden Seeds, Philatelic Goods, etc.

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

18.00

1.1.D. CERTIFICATES.

Messrs. A. Goeke & Co., local agents for the Societe Internation- Delivery of rice sold or purchased ale de Placements, Basle, advise will be made within 30 days after us that yesterday's official quotation. signing of the contract.

in Bagle was: $2.8. 0d.

A.OF. C. Average of Shanghai Stocks

REPRESENTATIVE

STOCKS

29.90

[23.00

(12.7

22.32

JRSI

Σ

21.00

BUSINESS

S DIRECTORY

ATTRACTIVE TAILORING

Wo beg to announce, to our many clients that we have removed to 18. D'Aguilar Street. We have also just re colved a new assort- ment of

SUMMER SUITINGS.

WING. HING CO.

18, D'Agullar Street. Tel. 21417.

DENTISTS.

HARRY FONG, Dentist.

1st floor, No. 74, Queen's Road

Central. Tel. 21255.

LAU PAK WAI, Dentist.

HONG KONG OFFICE:— GLOUCESTER BLDG., 1st Floor. Telephone 20488. KOWLOON OFFICE:- 335, NATHAN ROAD, 2nd Floor. Telephone 58581.

TANG YUK, Dentist. Successors to

the late SIEN TING, 14, D'Aguilar Stroot

TERMS VERY MODERATE Consultation Free.

ENGINEERS & SHIPBUILDERS.

W. 8. BAILEY & ̈CO., LTD,

Kowloon Bay, New Work & Repairs. Call Fing "L" Sole Agents for Kelvin Motors.

HAIR DRESSERS.

LEE YEE,

Ladies' and Gentlemen's Hair Dressers & Booksellers.

No. 12, D'Aguilar Street. (opposite Queen's Theatre).

OPTICIANS,

THE HONG KONG OPTICAL COMPANY,

*Phona 2-3%. 58, Queen's Road Central

SHOES.

MADE

TO ORDER.

LADIES & GENTLEMEN'S SHOES

Expert Workmanship. Fit & Style Guaranteed. SHERRY & CO.

No. 9, Peking Bldg., Hankov Kd

Black

Pair

Brown

Shoes from $5.08. Black or. Brows Boots from 25.09. Children's Boots er Shoes from $100, Best styles, most complete stock of all sixen. Repairing's speciality.

WONG SIU WOON!

:21, Pottinger BL

Phone 31476.

PHOTO-SUPPLIES

Kodaks and Cameras,

Films, Plates and Papers, ate.

Developing, Printing und -/

Enlarging,

ZIESS and BUSCH FIELD GLASSES.

Price Moderate.

A Trial Order is Solicited.

A. SEK & CO

Tel No. 23459: 26A, Des Voeur Road C

HongKon

Head Office:-YOKOHAMA.

Branches and Agencies st:

Alexandria

Batavia

Backu

Calcutta

Canton

Hombay

Changchun

Dairen. (Dalny)

Nagsaski

Nagoya.. Newchwang New York Omka

Rangoon Petition (Maiden) Rio de Janeiro

Ban Hamburg

Seattle

Tour

Francison

Jerusalem Lidar. London Liverpool

„Calro

Impre Culbute Ca Colab Cominole Mouls Carls Copenhage Maula' Malbergh z Merione

Moutet

Stamboul Blended

Singapore

Branches of American Express Com- pany in Principal citie of United Btates of America and Canada,

All class at Commercial Banking Transactions' undertakan,

UNCLAIMED TELEGRAMS.

The following unclaimed tele grams are lying at the office of the Great Northern Telegraph Company (Limited) of Den

mark:-

יי

Camparlane, from Shanghai.. Soveracht, from. Hamburg.

F. V. JENSEN,

Superintendent.. Hong Kong, May 25, 1932.

The following unclaimed tele grams are lying at the Eastern Ex- teusion Telegraph Co.'s office :----

Kong, May

There has been a pronounced' ternational Investment Trust had year. improvement in the markets senj buyers at 8.60, American Asiatic

ALEXANDER

On the second general annual

Crown, from Syraeuseny, Horner, Peninsula Hotel, from timent on the Shanghai Stock Ex-Underwriters sold at 27. Trams meating of shareholders of the INSTITUT Shanghai.

change during the past week. The ware wanted at 80, Ewo's were Auto Palace Co., Ltd., dividend of DE BEAUTE

per cent has been recommend- A.O.F.C ARKE,

average forged ehead steady with buyers at 18,56.

Phone 25149.. ger. from day to day without register. The annual general taceting of ed. Although the new building

Fedder Bailling. ing any relapses, reaching 21.32 the Shanghai & Hongkew Wharf of the company in the process of on May 17 On Wednesday and Co. Ltd., revealed the company's erection with its Improved fack Clet Flow), kur

Opposite: Entrance to Thursday decided Interest was successful operations during the Hitler

*Kong Hotel shown for Land shares; Shangha! past year. Ferast profits éd ülts about, it has been de

Lastrona: 001. Porns Lands closing et 27.10. Next day's

follow a conservative TAN mple provision was made Artistic

ing the

OPEL

ding continued firm with keen

on the part

Under the influenc

dividend vannounc

Bhan

been

the elde

s'expected to bring increase Agre

tinkdebts as the

foot on Inance, advanced