1932-06-02 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

tred Captia

farood and Fully Paiday unassement. 20,000,000 Mojarra Funda 1-

Houve Lakdity of Propriavoce, ene 309,900,000

EMAD OPPIOR, HONG KONG.

PSED OF DIREOTOME ›—

o, Mr. J. J. Paterson.

Clairmat

T. 1. Foures, Bag

Dopody Chairman,

Bo Mr. W. H. Ball

A. K. Campion, Esq.

M. T.Jakaron, Keti

$. Miskin, Zaq.

IMOT

BANGKOK

BATAVIA

BOMBAY

J. A. Flummer. Bog

T. . . Sav, Hou

J. P. Warren, Bog

9. M. Gepburn, Raq,

Chla! Msenger.

BRANCHES

LONDON

LIGNS

MALACCA

MANILA

MUAR (JTE,

MCIDEN

CALOUTTA

КЕЯ ТОВ

GANTON

CRMPOO

YOOOEGW

DOLOMBO

DADEX

KLIPRONO

KAMBU

HANKOW

KAMBIN

KONGIST

ILOZO

POK

JOH

BOWLON

KUALA LUMPUR

PEIPING

PENANG

BANDOON

MAN FRANCISCO

BAIGON

HUANGHAI

SINGAPORE

SOUBABYA

RUNGEI PATANI

TIENTAIN

TOKYO

TSINGTAO YOKOHAMA

Örn Ámounts opened to Local CarteaTY sal Fire Depolis received for one year of abere periods in Local Curry and Swit on wems which wit be quosad on application.

Hong Kong. 5th April 1932,

HONG KONG SAVINGS BANK.

The Best of it above Bank le conducted by the HONG KONG AND SHANGHAI RANK IND CORPORATION. Bules may be obtain

a spilotion.

FOR THE HONDEONG AND SHAKOHAT BANKING OORPORATION,

7. M. GRAYBURN,

Chiel Manage.

Hong Kong, 17th February, 1032.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Hong Kong. Sæthorised Capital (E.E. Currency) ...$11,000,000 PRE-17 Capel stenosequen 5,500,000 1,200,000

BRANCHES :-

Canton. Akanghai. Baskow, Bangkok, New York and Rua Frassino.

LONDON BANKERS :--

The Lloyd's Bask, Zimited. CORRESPONDENTS

In alt petnolpal, cities of the World.

Foreign Exchange and bankdag betnom od

focipálos iransacted.

Ma Bagels Boxes (various as a yearly mania), at from $3 to $45.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

行銀國中

Reorganised October 28, 1928, nader special charter of The National Gov- arament an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

Paid-Up Capital...

$25,000,000.00 ..$24,710,200,00

Reserve Funda .........$ 3,820,508.82

HEAD OFFICE: SEANGHAL

BONG KONG BRANCH:

4. Queen's Road Central..

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

We also handle the issue of Bunde

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE CHINA

MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HRAD OFFICE: SINGAPORE. Hong Kong Branch: 18, Queen's Ed. C.

Authorised Capital Straits $20,000,000 || Issued Capital

8,000,000

H

Paid-up Capital

4,000,000

#

of Shareholders

4,000,000

Burplus

Incorporated by Royal Charter, 1883. BelarrS Liabilities

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

Rearve Liability of

Pro

prietors

.£8,000,000 23,000,000

.£3,000,000

Agencios and Branches:

ALOBA

AMRITSAR

KUCHING

BANGIOX

MADRAS

BATAVIA

BOMBAY

CALCUTTA

CANTON CAWNFORE

CEDU

COLOM80

DELHI

HAIPHONO HAMBURO

BANKOW

BARBIN

HONG KOKO

ILOILO

IPOH

KARACHI

КОБУ

KUALA KANGBAB

KLANG

MANILA

MEDAN

NEW TOEX

PEPINO (Poklogt PENANG

RANDON

SAIGON

BEXARANG

SKBEMBAN

SINAPORE

HITIAWAN

· SOURABAYA

NANOHAJ

TAIPING.

TIESTAIN

TONGKATE (Bhuket)

Commerce and

Finance

2887,000 THE ORGANISATION

OF INDUSTRY

Branches, Agencies and CorreEPON- 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 Prote U.S.$226,503,775. Branches In-

TRINGTAD

YOKOHAMA

(ARGENTINE

BELGIUM BRAZIL

ZAMBOANGA

CHILE

KUALA LUMPUR

CHINA

Foreign

Exchange

General and

COLOMBIA CUBA

Banking business transacted.

J. STUART,

Manager. Hong Kong, 11th April, 1932

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS PORTO RICO STRAITS

More Co-Operation Vital.

CHANGE IN FISCAL SYSTEM

#

SETTLEMENTS might have done us more

URUGUAY VENEZUELA

SLOW BUSINESS WITH CHINA

But More Enquiry About.

MANCHESTER WEEKLY ·

MARKET REPORT

to

"I welcome the change in our fiscal system, but I also record my

After showing a tendency satisfaction with the cautious and weaken during the last few days of considered manner in which it is be- last week the market has rallied ing made." said Sir Harry Mc: somewhat this week, and a more Gowan, chairman of Imperial cheerful tone has prevailed. Con- Chemical Industries, in a speech to siderable-interest has been centred the Textile Institute at Bradford on the atatements made by the on February 26.

United States Federal Farm Board "No country of the world has regarding the board's stocks of cot- such a complex industrial and com- ton. It is reported that 500,000 to

Pre- mercial system as our own.' 1,000,000 balea could be arranged cipitate and ill-advised fiscal action for export before July 31st if it Current Accounts spened and Fix-DOMINICAN REPUBLIC

harm were possible to arrange effective ed Deposits received for one year or

than good. We have been forced financing. With favourable.weather shorter periods at rates which will be INDIA ITALY quoted on application.

to abandon our free trade system, conditions in America considerable JAPAN

but in making the adjustments now progress has been made with plant- Commercial and Travellers' Letter necessary we must proceed alowly, ing the new crop. Regarding the of Credits, Travellers' Cheques, Billa

Exchange and Cable Transfers testing each step as we advance."

cut in acreage general opinion still bought and sold. Current accounts Industrialists all the world overexpects a reduction of round about and Savings Bank accounts opened were beginning to despair of inter- 10 per cent. as compared with last and Fixed Deposits in local and for national co-operation in the realm year. There has been a decided im- & may be ascertained an application

eign currencies

taken at rates that of finance, and were tending turn provement in general enquiry dur- the Bank.

to alternative remedies. Not only ing the week particularly from In- We are also able to offer our Cua-in the United Kingdom but in dia, where demand has been for al tomers the services of the Branches France, Germany, Italy, Belgium wide range of styles. Much of the of the International Banking Cor-and even the U.S.A., the home of business under offer is still in the poration in Spain and also of The

manu- negotiation stage, but many useful National City Bank of New York the doctrine of high wages, (France), S.A., in Paris and Nice. facturers, had had to seek rellef by lines have been booked. Dyed and R. M. MCLAY,' reductions in rates of wages. The white muslins have been done for Manager. latest example was the acceptance Madras whilst dhooties and light" Hong Kong, May 13, 1932.

by 750,000 railwaymen in the U.S.A. whites have been the chief goods ofa 10 per cent. reduction.

under offer for Calcutta and Kara- The Only Solution.

chi. Bombay still remains very in-i Notwithstanding that the Inactive and only a small enquiry crease in the real value of wages has been received for specialities had justified these cuts, the proper and a few dyed qualities. solution of our difficulties lay in up-country outlets continue to show developments which would enable a fair interest and although the employers to set more men to work. majority of the offers have been a It was often forgotten that profit long way out there are indications Pro- Bank-Notes Saaved Average amount...Yen. 45,000,000 was the mainspring of enterprise. that business will result.

Unless profits could be anticipated gress with China business is slow FORMOSA-Cran, Kag, Earth, Essung, new ventures would not be entered but there is rather more enquiry Hakong Na Shinobik Taichs, Tainen into and old ventures would be about, and a few bleachers and fancies have been booked for Hong,

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.

(VETHEBLANDS TRADING SOCIETY; BANKERS.

Enteblahad 1874, -

Hong Koan Vice:-1, Quona'n Bood Central

Authorised Capital met Builders 180,000,000. Paid-Up Capital ............. Gulides 80,000,000. Basarya Fund 10-manna Guilders 40,018,000- Boad OANETERDAM”. Easter Head Önos¡—BATAVIA.

Branche:--Bandjarmasin,

Dendang Bombay

Calouste, Charidon,

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa,

Incorporated by Special Imperial Charter, 1899.

Central Bank in Tornions.

BRANCHES AND AGENCIES:

| JAPAN 1———Toyka, Yokohama, Kobe, Buska,

to

Taino, Tamini, Town, Brits, Tito. CHINA :—Shanghai," Haskow, Sney, Prochow, abandoned,

Sestow, Danton.

Tark, Detren

LONDON - BANKERS,

Barclays Bank, Lady Leyds Bank, Ltd., Miliand Rank, Ltd., Wasimizate; Bank, Lit.

The Bank has Correspondante in all the principal Commercial Centres throughout the world. K. NAGURL.

Маскуе

rise.

The

Gon-

OTHERS-Hong Kong, Blagapore, Boarabaya, Great Britain had been rescued Kong. A small miscellaneous turn- Bomarsag, "Bataris. Bombay. London, New from a difficult position by the over has been done for Singapore, abandonment of the gold standard. Java and the Philippines whilst The price-level in this country must Egypt and the Levant have not

bought extensively; The, "In my view," Sir Harry said, "It tinental centres have placed, a few is not only misleading to argue that small orders for whites and dyed Governmental and monetary policy cambrics and the outlook is general- should be directed to preventingly improved. Such America any upward movement in the Bri- teated the prices of many standard lines in both poplins and finishing tish price-level, but also it is un-cloths, but only a limited trade has wise. It is misleading because

gone through.. prices in many industries have been driven down by unrestricted com- petition based on marginal costs of foreign producers.

HONG LONG DRANCH:

B. Vous Bood Central Hong Kong, Donsbar 24, 1901,

Djember ALEXANDER

INSTITUT

jakarta". The Haqua" Tidak, Kobe, Makassar, Medan," Palembang, Pakai logan, Prog. Rangoon, Kotkapānas", Bemarang, Shangkal, Blapapore, Bowen

bais, Boerakarta (Solo), T," H

and Walterreden.

* Thons offers have Sale Depods. Bonus to Lat.

LONDON BANKEBB:-

NATIONAL PROVINCIAL BANK LTD.

name of every description, transacted.

DE BEAUTE

Phone 25169. Pedder Building

(1st Floor)

Opposite. Entrance to

Hong Kong Hotel.

"A tariff will

from rescue us that subsidised competition. Buti when we are freed from that burden there can be no sound reason for not permitting the price-level of

such commodities to rise to the

LOCAL MARKET LIFELESS

hac

Hong Kong Dollar Unchanged Yesterday.

THURSDAY, JUNE 2, 1932.

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;

etc., etc. ..

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

Kingsway, London,

Manufacturers of t

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

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

Manufacturers of

Vertical Petrol and Paraffin Engines;

Crude Oil Engines;

Electric Lighting Plants;

Petrol Driven Trucks,

BROOM & WADE, High Wycombe, England.

Manufacturers off-

·

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.

DAILY CROSS- WORD PUZZLE.

(This cross-word puzzle has been made by an expert but our readers are warned to look out for occasional phonetic spellings, such as harbor, plow, and altho.)

15

2 3

5

b 17

8

19 10

非

112

14

15

..

18

The local market was lifeless measures of yesterday with the Hong Kong

22.

no inclination to do business.

27

Comapondente all over the world. Banking Bestross Oil Permanent Hair Warce point at which it would normally which are Large, Soft and Natural have been fixed in the absence of Artistic Fizzer and Marcel Waves. Treatment, Shampooing, Henna Pack the self-protective

Känsgat.

A. STOKLINK.

Hong Kong, lai December, 1981

THE

and other Public Funds of the Chin: | AMERICAN EXPRESS COMPANY.

• Government both at home and abroad.

Hong Kong, 8th March, 1981.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880.

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

....Yen 117,800,000

Reserves........U.8.$1,458,116.78

(any colour), Hair Cuttsmen. Con- forced to adopt."

and Man- the price cutting which we were Dollar unchanged, and there was care for Ladies and

scientious, Artistic Work by European Expert. Mr. Alexander.

CHARGES MODERATE.

A VISIT WILL CONVINCE YOU.

FOR SALE,

STANLEY GIBBONS

INC.

SHOU J. CHEN,

Mazagir

Head Office: 65, Broadway, New York.

POSTAGE STAMP CATALOGUES

Capitol Surplus

.U.S.$6,000,000.00

. U.9.$1,882,882.04

FOR 1932

from

BRANCHES >

Amsterdam

Antworp

Gatica Blasgew

Part I...

Beale Berlia

Head Office:-YOKOHAMA.

Branches and Agencies at:

Br

Blandte Boubar

Broveola

Calre

Danner

Hauberg HATTO Interlo.com

Lido London Liverpool

Naples Piries Parla Pasang

Part II

LaserDe Larisa

Alexandria Batavia

Barbe

Bombay

Nagoya

Nagmaaki

Newchwang

New York Osaka

Fangtian (Mukden) Rio de Janeiro

Calcatta

Canton

Changekun

Dairen (Dalny)

Hamburg

:

Harbin

Honolulu

Tour Tour

Courtenayla Monte Carle

Copers.ge

Elsburgh Mich

Oper

Montres

Falerion Botlarda Boma

Stamboul

For Malmpies Bingapore Bl. Moris

Imples

Yakshamna

Branches of American Express Com

-$5.25

$8.00 .$6.00

Yvert & Tellier Scott Stamp & Coin Co. $8.00

GRACA & CO

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

No. 10, WYNDHAM STREET, P.O. Box No. 620, HONG KONG

pany in Principal cities of United | {, YESTERDAYS SOLUTION. States of America, and; Canada.

Rangoon

San

Franelaso

Shangha

All classes of Commercial Banking Transactions undertaken.

「白館

HAL

rabaya:

HARP

Lydsay.

Personal lavestment

London

Tientsin Tokyo

PROCED

allowed on Curres

ATE MUS

tor

ained

Though, tariffs, would help, manu-

In London silver rose spot facturers could help themselves by and 1/16 forward, Offerings were

a greater spirit of co-operation. small and China bought on The electricity grid scheme was a steady market. shining example of organised plan-

Silver prices in New York were ning designed over a period of unchanged.

years.

Chinese Exchange.

International Advantages.

At the local Chinese Exchange, The advantages of co-operation last evening, Canton Central Bank were international as well as nanotes were quoted at 55.95 per cent. tional. The foreign trade of the while Hong Kong dollar. notes, in futuro would be much more regulat exchange for Kwangtung aliver, ed than it had been in the past were at a premium of $422 per The remedy for the present distress-

$1,000, ful · state of affairs lay in better] control of world production, which could only be done by co-operation between producing countries. This would not be possible unless indus try, in each country was nationally organised.

London Silver Prices,

London, Yesterday. Closing silver, prices in London to-day were:

- June "1" May 31, Spot

16-15/16 16-15/16. Forward 18-15/16 17. At two o'clock this afternoon

rate was Reuter.

How could British Industrialista help the Government in the com- the London on New York Cross mercial treaties with foreign-na-

quoted 1-G83.68%-- tions which would shortly have to be negotiated if they did not know their own minds? How could any one industry, speak with one voice: unless 10 were organised? Or-(Continued from ganisation achegendary not only long runs, for peaki but, for action. To Through bold the

position in the world text

organi

and more to stren

The

Sir

nursed

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13.

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28-Propeller: {30-Enact: {11-Light_oovering for Flythe foetus }24+B+q{b:(Fishing)

18-To unfasten 07-Metric Jand

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