1932-06-01 — Page 2

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Tweed and Pully Paid-up Bare Funds

comma 15,000,000

Meeting naman d 1,900, 100 +mana 816,000, 100

Tar

Havnevo Edalšing of Propelaloes 105,100,000

TEAD OFFICE: HONG KOND.

BA.32 OF DIAZOTOKA.—

Men. Mr. 1. J. Paterna. Uhairman.

T. B. Ba

Urmas Ukalımas

C. Mr. W. II. Bett.

4 Owapica, Esq.

Me, Toleman, Kag.

. Miskin, Boy.

AMOT

BANGKOK BATAVIA

2. A. Plazma, g I... B. Shew. E+1.

3. P. Wan. Kay

V. M. Grabura. Esq.

Chial Manager,

ORAVCHES -

LONDON

LIONY

MALACCA

MANILA

UAB (Jakore.

KURDEN

BOMBAY

BALOUTTA

CANTON

CHEFOO COLOMBO

NEW YORK

"OOOHUW

PENANG

PEIPINO

DATEEN

BANDOON

KAITONG

RAIGON

KAMHUNG

SAN FRANCISCO

BANKOW

SHANGHAI

KAMBIN

SINGAPORN

HONGKIW

ROUBABYA

ILOILO

IPO

JOELON

RUBI

KOWLOOK

KUALA LUMPUR

BUXORI PATANI

TIANTAIN

TOKTO

TRINOTAU

YOKOHAMA

Durrant Accoya opaand in Loval. Ouermany and Pized Deposita zaselvad for one your or aborsse període" In Loos] Currency, and Burling in mers which will be qualed saplington

Hong Kong, 5th April, 1932.

HONG KONG SAVINGS BANK.

The Business at the move Bank is pondanted BỊ N DONG KONG SO SHANGHAI DUNG IN CORPORATION. Russ may be abalone in spyllevilon.

FOR THE HONG KONG AND SHANGHAI WANKING OORFURATION,

7. M. URATBURN.

Chind Manage.

Hong Knog, 27th February, 1933.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong, Lübberland Capitală (H.K. Currency) (@k1,000,0

-Up Ospital man

BRANCHII-

1,100,000

Canton, Bhanghai, Keakaw Brakes Bangkok, New York nåd fea Frendison.

LONDON BANKERS |—

The Lord's Bank, Limited,

CORRESPONDENTH

En all grootpal cities of the Woxid.

Foreign Exchange and backing bannen sf avay Smartpila transested.

Bals Deposit Boxes (various sinne) as a yourƐp

model of Iresa $4 to $40.

LOOK POONG SHAN,

Chief Managar.

THE BANK OF CHINA: 行銀國 中

Reorganised October 26, 1998, under

special charter of The National Gov ernment as an

INTERNATIONAL EXCHANGE

Subscribed Capital...$25,000,000.00

BANK.

Paid-Up Capital

..$24,710,200.00

.$ 3,820,508.82

Reserve Funds

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4. Queen's Road Central,

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

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

Hong Kong, 5th March, 19831.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Butablished 1917). Y*

HEAD OFFICE:—SINGAPORE. Hong Kong Branek: 13, Queen's DL C.

Authorized Capital Straits $20,000,000 Issued Capital Paid-up Capital

Incorporated by Royal Charter, 1863. Reserve

"HEAD OFFICE: LONDON.

Paid-up Capital.

Reserve Fund

Reserve Liability of Pro-

prietors

£8,000,000 .£3,000,000

.£3,000,000 |

Agencies- und Branches:

XCCHING

ALOR STAR

AMKITSAR

BANGKOK BATAVIA BOMBAY CALCUTTA CANTON CAWNPURE U.BU OOLONDO

DELET

DAI HONO

HANNURG

HANKOW

KARBIN

MONO KOND

ILOILO

KARACHI

IPOI

LANG

ДОВЕ

KUALA KANGSAR

MADRAS

MANILA

MEDAN

NEW YORK

PEPING (Peking

PENANG

BANGOOS

BAIGON

SEMARANG

SEREMBAN

ΕΞΑΝΟΝΤΑΙ

SINOPORE

SITUWAN

TAIPING

Liabilities

of Shareholders.

Burplan .....

8,000,000

4,000,000

4,000,000

and

Commerce

Finance

2,087,000 BRITISH BANK RATE REDUCTION

Eranchos, Agenelas and Correspon- denta in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

Mazaga.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 85, "Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$225,503,775: Branches in:—

ARGENTINE BELGIUM

ROUBANAYA

TIENTRIN

TOSORAH (Draket)

TSINGTAO

YOKOHAMA

BRAZIL

ZAMBOANGA

CHILE

CHINA

Foreign Exchange

COLOMBIA CUBA

REPUBLIC

KUALA LUMPUR

and General COLOR

Banking business transacted.

Current Accounts, opened and Fix: DOMINICAN

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

JAPAN

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

LONDON MEXICO FANAMA PERU

PHILIPPINE ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY

VENEZUELA

+

THOUGHTS ON FINANCIAL

DEVELOPMENTS.

Gilt-Edged Securities Advance.

London, April 24.

The reduction of Bank Rate both registered and emphasised the progress of what is now com- ing to be regarded generally as a cheap-money era that will endure. There is a risk which is slight, or substantial according to the view. It is that the world will be brought so rapidly to a sensible and practical conception of its fundamental need of trade as completely to change the monetary and investment situation this year.

In that event, while the greatest far into the second-half of this year, of_this_country's problems will be the Lausanne and Ottawa Confer- Commercial and Traveliars' Letters simplified. one important issue will crces have revealed their potenti- of Credits, Travellers' Cheques, Bit be complicated. This is the realities, and monetary conditions re- of Exchange and Cable Transfersduction of the cost of the Five per main much as at present, the ap- bought and sold. Current accounts cent.

War Loan by conversion of pearance of the first of a series of and Savings Bank accounts opened the stock into another carrying lesa conversion offers affecting the War and Fixed Deposits in local and for- eign currencies

But the magnitude of Loan should cause no surprise. Un- taken at rates that interest. & may be ascertained on application to the politico-economic issues out-less surrounding conditions change,

the Bank.

standing, the previous slowness of one effort might be followed by a We are also able to offer our Cos the nations to act in concert to second a few months later, while tomers the services of the Branches of the International Banking Gor-settle them, and the degree of another sound Budget, coupled with poration in Spain and also of The economic derangement which must taxation remissions, next spring, National City Bank of New York await correction when a happier might prove the prelude to a final (France), S.A., in Paris and Nice. state shall have been set up, point, offer to War Loan holders to convert R. M. MCLAY, more probably, to a fairly longer be paid of. The psychological

Manager.

span of quietude before the next factor would probably make for spell of active capital investment{success once the first bite had been in the means of development for taken. As to the nature of the THE BANK OF TAIWAN, LTD. territories and production opens. stock to replace War Loan, it is

Trend of Investment.

obvious that maximum advantage | auch circumstances, the would accrue to the Exchequer by of investment will be avoidance of issues at discounts and Fan steadily Into fixed in-the additions they would make to terest securities. Primarily, until the capital of the debt. A four the demand forces prices to per cent. stock might fetch more heights which impel investors to than 100, thus reducing the prin- seek better returns, even though cipal at charge. A "aliding-scale" coupled with less security, it will stock, say, on the lines of 4% per FORMOSA:Chran, Eng. Earvoko, Kadar be manifest in the market for Bri- cent, or 4 per cent, for a fixed term

Makeng, Nants, Shinchik, Talsku, Talnatish Government issues. Takao, Tamaul, Toon, Halto, Falto.

This has of years, at the end of which

Swalow, Cantoa.

$19,000,000

EFFICIENT-TRUSTWORTHY--

RELIABLE COURTEOUS.

.144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY!

BANKERS.

Established 1934, Th Hong Best Odes:-11, Queen's Bood Contest.

Authorised Capital Guilder 189,000,000. Paid-Up Capital ............. Ouilders 80,000,000. Baserve Fish Quilder 40,018,000-

Hand Office~AMSTERDAM', Eastern · Head Offer |--BATAVIA, Branches ;--Bandjoernaain, Bandowag Bombay, Caloriske Charlton, Djember, Djak Jakarta, The Ingue". FRANH, Xabe, Kakamar, Medan, Palembang, Pake longan, Peng, Rangoon, Rotterdam", Bemarang Shanghai, Singapore, Sork. bala, Boarkkarta (Soia), Toghi, Tillatisp and Weltevreden*."

* These oldies kárá Sala Deponik. Baim to Lal.

LONDON BANKERS —

NATIONAL PROVINCIAL DANK LTD.

Correspondants all orme the world. Backing Buck aves of every description transacted.

NA STOKKINA,

Best Kung. 1st December, 182

·

THR

Hong Kong, May 13, 1932.

(TAIWAN GINKO.)

HEAD OFFICE÷Taipeh, Formon.trend

Incorporated by Special Imperial Charter, 1899.

Central Bank Is Formos

BRANCHED AND AGENCIES: JAPAN:-Toyka, Yokohama, Kobe. Deska.

Bank-Buten ismund kreinge on Yan. £5,000,000

|CHINA --Shanghai. Hankow, Amoy. Poochow been happening for some time past. interest would drop to perhaps 3% OTHERS-Hong Kong. Slogapors, Bourabaya, In spite of the intervention of our per cent,, might prove a convenient Seratavia, Bombay. London. New suspension of gold payments, and channel for meeting hath the object present doubts about the future of in view and the present needs of the Hoover moratorium, home gilt investors without unduly ledd stock are not far short of the judicing

Financial)

York, Bairan.

LONDON BASTERS:

Barclays Bank, Ltd., Lloyds. Back, Lad..

Hiland Tank Ltd., Westminster Bank, Ltd.

The Bank he Compendecte in all the prind highest values they reached last Times.

Commercial Cantree throughout the world.

K. NAGURA,

Μεσα για

BONG KONG BRANCH

5. De Vax Road Central Bong Kong, Deambar 14, 1981.

the

LL.D. CERTIFICATES.

pre-

year. Demand for them remains the outstanding feature of the in- vestment situation. It is fortified by that new-found confidence in the national finances which has just agents for the Societe Internation- THE MERCANTILE BANK OF been given fresh justification by ale de Placements, Baale, advise

INDIA, LTD.

BEAD OFFICE :

10, Oracwchurch Vitrest, Londen, E.C.8.

Authorised Capital .23,000,000 Subscribed Capital. 1,800,000 Paid-up Capital

1,050,000 Reserve Fund & Rest. 1,217,827 BANKERS1

The Bank of England & Midland Bank, Ltd.

BRANCHES

Kardy

Bangkok

Ipoh

Batavia

Hotalay

Karachi

Calcutta

Kota Bharu

Colabo

Kuala Lipla

Haciger.

Dulki Galle

Howrah

Pezsg

Fork Loul

(Mauritius) Raspoon Bhanghai Bimla Kuantan (Pabang) Blogspore Madras

Sourabaya

Kuala Lumpur

Messrs. A. Goeke & Co., local

the latest Budget. It is clear that us that yesterday's 'official quotation

the process of tinkering with the in Basle was: 22.8. od. A credit of the Government by borrow- ing for revenue purposes is ended. Both the home and the foreign in- This vestor recognise the fact. finds, and probably will continue to find, expression in steadfast buy-) Ing of gilt-edged stocks.

Gilt-Edged Values.

There are no

means of gauging

in advance with exactitude thé| jextent to which the further advance. of gilt-edged values will be carried. Present representative yields are in the region of 4% per cent. on the Berry description of Banking and Exzbangs bui. Five per cent. War Loan, 44 per cent. on New Consols and Local

New York

HONG KONG BRANCH.

Tratalan Cheques insund,

Siena Itaneacles AMERICAN EXPRESS COMPANY,

ALEXANDER

Trustee and Executorships under-Loans, and 431⁄2 per cent. on. Old taken.

| Consola, 'Funding Loan and Three INTEREST allowed on Current Acounts and Fixed Deposits at Hates that may be seeriased and a half per cent.. Conversion on application

Loan.. J. B. ROSS,...

The effect has not yet been Manage felt upon these issues of the forcing 7. Queen's Road Central.

of money out of the banks by the Hong Kong, 7th April, 1982.

lowering of deposit rates to I per cent. following Thursday'e reduction of Bank Rate. From that cause alone a fresh rise of prices would be anticipated. Rather less than a year ago, before the Credit Anstalt breakdown spoiled the prospect→→→ from the standpoint of conversion Bank Rate was 2% per cent. and ap pearances suggested that low money rates had arrived to stay for a long time. Now that prospect has been reopened, nothing seems likely to Lantzour Oll Permanent Hair Waves down to 24 per cent again, and it prevent Bank Rate from moving which are Large, Soft and Natural, may go to 2 per cent. If it does Artistic Finger and Marcal Wavon: Di

so, the reason will be that capital

INC.

SHOU J. CHEN,

Manager.

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

THE TOKOHAMA SPECIE BANK, LIMITED.

Capital Surplus Reserves

.U.S.$6,000,000.00 U.9.81,832,382.04 .U.S.$1,458,118.78

Established 1880.

Amsterdam

Capital (fully paid-up) Yen 100,000,000 Reserve Fund........Yen 117,800,000

Bulwary Athene

Bio

Barlis

Disedia

Bombay

BRANCHES-

Othos Glasgow HAY Hainburg SLIVN Exterisksa Janaly

Bioe Kaple Pir Far

Panang

Faking

Palacio

Braces

Vide

Batter

Brussels - London:

Bannon Alive" Karol

Stamboul

Copenhagen

Caire Dolectia Loga Casse Colatbe

Mammillan Conantinogle Maria Carlo

Mualla Ede batch Muni

SL Korits

Hong Kong Hotel

...and

Flora

Yokohama

Jenera

Head Office:-YOKOHAMA,

Branches and Agencies at: Alexandria

Batavia

Berlin

Bombay

Canton

Changchun

Nagasaki Nagoya

Newchwang

New York Qzaka Paris

(Delay)

Hangoon Kertien (Makdan) Bio de Janeirá

Hankow

Hong Long

Palping

San Francisco Seattle Semarang Shanghai Shimonoseid!

Moaters Milan

Branches of American Express Com pany in Principal cities of United States of Amerlos and Canada.

INSTITUT

DE BEAUTE

·Phone 25166.

Fedder Buildkirur:

(1st Floor).

Oppiaita Entrance te

26. M

|38 200

||1.72

|27 12

$27.00

STAYS

|26.30)

2011

ta 20

(45.73)

401 62

15.40

[1990

24.75

(24.34)

|24.39)

24. 80%

13.73

WEDNESDAY, JUNE 1, 1932. ཨུརིནཾ ས ཝུདྡཱ ཨནྟེ ཙ, ཙ ཝས

ANNOUNCEMENT

WE have been ap

pointed Sole Agents for Hong Kong and South China for the following British manu- facturers :-

RUSTON & HORNSBY, LTD., Engineers, Lincoln, England.

Manufacturers of:--

Horizontal & Vertical Airless Injection Cold Starting Oil Engines;

Horizontal & Vertical Gas Engines; Suction Gas Producers; Boilers;

Steam & Diesel Engine Road Rollers; Portable Steam Engines:

Centrifugal Pumps;

atc., etc.

RUSTON LISTER MARINE CO., LTD., Ime House,

Kingsway, London.

Manufacturers of:-

Marine Airless Injection Oil Engines up to 330 b.h.p. Also Auxiliary Equipment.

R. A. LISTER & CO., LTD., Darsley, Gloucester, England.

Manufacturers of:--

Vertical Petrol and Paraffin Engines;" Crude Oil Engines;

Electric Lighting Plants;

Petrol Driven Trucks,

BROOM & WADE, High Wycombe, England.

Manufacturers of..

Air Compressors, etc., etc.

We have engaged the services of an expert en- gineer, trained by Messrs Ruston & Hornsby, Ltd., who has also complete knowledge of the products of the manufacturers referred to above.

Enquiries will receive our careful and prompt

attention.

REISS,

MASSEY & CO., LTD.

7 Queen's Road, C., 1st floor,

Mercantile Bank Building,

Hong Kong.

TEL. ENGINEERING DEPT. 28009.

MAN LOONG. PRESERVED GINGER MANUFACTURERS,

NEW SEASON PRESERVED GINGER Best Quality Prompt attention to Exporters. Office: 2, Dundas Street, Kowloon. Tel. 57088. Factory:-2, Godown, Praya, Dundas Street, Mongkok.

AO.F.C. Averaga of Shanghai Stocks

TWENTI

KORAK MENY

STOCKS

definite there was good resistance.

『》

(any colour) Hellman Can those circumstances the fatores enough to care for. Ladies

́and Maxi- cannot be used in industry, and in News of character

Dur- Weekly trade ucleations, Artistic: Work! Experience ropese yields on gilt edged stocks must be enough to affect stock market sen- Ing the following days the market rather quiet. Phot

CHARGES, MODER ATR.

reduced further by price,advances.timent was conspicuous by its ab- remained exceedingly pul All clasice of Ovmmercial Banking, A VISIT WILL CONVINCE YOU.

quiet with change have proved sence daring the past week. very small business done, everyone factor. There wa Transactions undertaksi.).

Given suitable conditions for the The market was very steady being prabecupled with the Mayment noticeable The Treasury/ undoubtedly would selse throughout the Wednesday session Settlement Ewok werd in good foreign cotton, opportunities to reduce the cost of without any special feature, demand with business, passing ... at showed a remar the Five per cent War Loan by Ewos essed off somewhat due to 18.05 May, Shanghai Cottons were plafried at least 1 per cent, or some 20,000, the drop In yarn. Next day are wanted at 76% Jund 000.geons, per ann Ja It may be sion opened firm, improved during a 'great deal of Int doubted & Shether, the kuthorities the morning trading with buyers Intasco, business being done at arga would

fraction of keenly bidding for shares.

marke

Personal favestment handled.

The Company" offers Travellers, the use of ita: Chequers and Letters of Gri addition, the world..

accounts

from

for klangs

tions

11th March 1920

part from

ting

lowed a net