1932-06-03 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Amberland Chyliai

Issued and Polly Paid-up minne 18,300,000

Queling

戲

Rotoros Láábilty of Propeladora cos 000,000,000

MEAD OFFTON, HONG KONG.

――

WAARD OF DERROTORE 1–

Mon. Mr. J. F. Patoguan.

T. 3. Por, Te

Mas. Mi, W, H. Ball, 7. A. Flammar, Mag.

J. F. Waren, Meg,

:

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

Paid-up Capital

LLOR STAR

AMRITSAR

BANGKOK

BATAVIA

BOMBAT

'MEBAN

THE

CHINA

MAIL

THE HO HONG BANK, LTD.

(Bstablished 1917)

HEAD OFFICE:—SINGAPORE Hong Kong Branch: 13, Quomť's Sá. G.

| Authorised Capital. Straits 290,000,000

Issued Capital

Paid-up Capital

Beserve Liabilities

of Shareholders.

Burplus

#

8,000,000

4,000,000

4,000,000

1,687,000

Branches, Agencies and CorreSPOR-

| data in the principal cities of" the

$8,000,000 world. .£9,000,000 Kyary description of Banking and

Exchange business transacted. #3,000,000

PEPING (Peking)

PENANG

TAN ENG HOOL,

Manage

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: LONDON.

Beserve Fund

Reserve' Liability of. Proi

priators

Agencies and Brunchos:

KUCHINO

MADRAS

MANILA

4. Campion, Sve Tomos, Ing.

2. 5. v, Heg,

CALCUTTA

NEW YORK

u, Miskin, Bot.

CANTOR

CAWNDORE CRSGE

ODLOMBO

SAIGON

DELHI

ПАТРИОНО

LOYDOY

HANKOW

LYONG

ПАВЛЕН

MALACCA

HONG KONG

BOURADAYA

MANILA

FLOTTA

TAIPING

TIENTHIN

MUJAM. (Jabars)

KARACHI

TONGEAH (Bbskot)

MUSI

CLANO

TRINGTAO

NEW TOKE

KOBE

ТОХОНАМА

BRAZIL

TUALA KANGSAR

ZAMBOANGA

CHILE

PRIPINO

KUALA LUMPUR

CHINA

Foreign Exchange and General Banking business transacted

COLOMBIA CUBA

t

AMOŽ

BANGKOK

CATATIA

BOMBAT

BALGUTTA

DAINE

CELEFOO

COLOMBO DAIREN FOODHOW

7. M. Grayburn, Bag This age.

SMANURES :--

PENANG

BANGOON

BALOON

НАПРДОКО

HAMBURG

HAN 7BANGIS00

HANKOW

BHANGHAI

HARBIN

SINGAPORE

MONGKIW

SOURARTA

BUNGTI PATAMI

TIENTAIN

TOKYO

THIKOTLO

ILOILO

100%

JOHOR

KONS

KOWLOON

KUALA LUMPUR

YOKOHAMA

Currush Accounia opanać la Loval Carrier 104 Fixed Deposita rosited for one your se zheim periods in Loosă Currency and Marting mu nema vilch vill än gertad on application.

Hong Kong, 5th April, 1982.

HONG KONG SAVINGS BANK.

The Bossom of the abars Busk la condusind BE A TOO TONG AND SELTON) BANG

ANG OURPORATION, Bus4 may be nodelood

FOR TOR RONGKONG AND SHANGHAI BANKING CORPORATION.

T., M. GRATBURN,

Chiel Manager.

Hong Kong. 17th February, 1931.

THE BANK OF CANTON, LTD.

Established 1911

Head Office: Hong Kong.

Auterized Ospital (X.X. Ourrency) ---FIL,NDERIN Told-Up Cap

BRANCHES :-

Bralow,

Canton, Bhangaal, Hankow, Bag, Hew York de Francisco.

LONDON BANKERS :-

The Lloyd's Bank, Limited,

CORRESPONDENTS

In all placipal alias of the World.

Fig 1ongo sad banking kemamm st

*every fanoription tranesotad.

is Depoali Bozan (terious alsos) al' a zaprly

cental of iron. 14 30 Bin,

LOOK POONG SEAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov- Arnment sa k

INTERNATIONAL EXCHANGE

BANK.

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

Pald-Up Capita!

Reserve Funda

HAMBURG

POEL

BANGOON

BYMARANG

SEREMBAN

BHANGKA!

SINGPORE

STTIAWAN

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$226,808,775. Branches in:--

ARGENTINE BELGIUM

MEXICO

LONDON

PANAMA

PERU PHILIPPINE

ISLANDS

Current Accounts opened and Fix DOMINICAN REPUBLIC ed Deposits received for one your or

URUGUAY shorter periods at rates which will be INDIA ITALY

VENEZUELA · quoted on application.

JAPAN

Commercial and' Travelleri' Letters:

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

Commerce and Finance

ECONOMIC IMPORTANCE

OF INDUSTRY

Britain Working Under Greater Handicaps

Than Ever,

HIGHER STATE OF EFFICIENCY.

both

London, April 14. supply of new capital for develop-i There is a striking parallel be-ment. Its availability is dependent tween the reactions of the crises not only upon the attractiveness of of 1914 and of 1931. In both cases industry, but, upon the extent to there was displayed the same desire which the hand of the taxgatherer to follow the right course, and the cuts it off at its course, by diminish- same readiness to advance undering the potential investor, Even if wise leadership, whether the Imme- it had not already been forcibly diate goal was the fulfilment of demonstrated that under the weight Britain's word, of the restoration of excessive taxation the spring of of national well-being after 17 years revenue are prone to shrink, a PORTO RICO

of war and its aftermath. Evidence cogent argument in favour of STRAITS

SETTLEMENTS there has been in plenty of the drastic reduction of the

effect throughout the world of this national and local expenditure is to manifestation of resolute deter-be found therefore in the necessity mination.

haj It

doubly for the stimulation of industry by of Credita, Travellers' Cheques, Bill valuable to us, as a nation greatly every means in our power. Increas of Exchange and Cable Transfers dependent upon world trade, injing activity and improved employ- bought and sold. Current accounts that it has restored that confidence ment will exert its beneficial in- and Savings Bank accounts opened which earlier events had inevitably fluence in every direction, but the and Fixed Deposita in local and for-

taken at rates that shaken; but that has not completed reminder that this country is de- & currencies

may be ascertained on application to the task which lay before us. pendent upon its exports to pay for Strenuous and prolonged effort is essential supplies of food and raw We are also able to offer our Cus-still necessary, and if it la to bring materials cannot be too strongly tomers the services of the Branches of the International Banking Cor its maximum benefit, it must be emphasised.-Financial Times, poration in Spain and also of The directed aright. Current discus- National City Bank of New York sions have brought to light agrest (France), 8.A., in Paris and Nice. diversity of views as to the road

R. M. MCLAY,

Manager.

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.

(SETHERLANDS TRADING BOCIETI}

BANKEBE..

Established 104.

Bong Coat One:-il, Queen's Road Central.

Anician Capital Oxtiders 130,000,000. Paid-Up Capital nemáme. Oullien 11,490,000. Bateria Fuső -Ģilders $4,016,000.

Road Office:—AMSTERDAM", Emma Band Ones 100 BATAVIA.

Brsachers—Beadjarmasin,

.$24,710,200.00

-$ 8,820,508.89

*These of

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4 Guen's Rosé 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 enr ellent special facilities for domestic and foreign banking and exchange.

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

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED

Established 1580.

Calmakta,

Bandag", Blocbay

Oberibos Day

Jakarta", The Hague", "Jiddah, be Makaoone, Modan, Palembang, Paka

hagua, Passar Rangnes

Semarang, Shanghai Gizaporn, So

bals, Bomcakaria) (Solo), “TuA TEOL

and Welterzodan”.

have Bats Degos Bozes to Lai.

LONDON BANKERS :-

NATIONAL PROVINCIAL BANK LTD.

most of wrary description transacted.

A. STOKKINE.

Hong Kong, lai Decambor, 1981,

Manager.

alett

the

Bank.

Hong Kong, May 18, 1982.

ito be followed.

been

Sir James Lithgow's Warning. In' his valedictory speech yesterday, warning and critical,

THE EFFECT OF TARIFFS

Increase in Foreign

THE BANK OF TAIWAN, LTD. appreciative and encouraging by Orders for British Goods

(TAIWAN GINKO.)

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formoes.

turns, Sir James Lithgow was evidently guided by a profound

shade of

The Lord Mayor and Sheriffs at- HEAD OFFICE:-Taipeh, Formosa conviction of the economic import-tended the annual dinner of the ance of industry at this juncture. Wine and Spirit Trades Benevolent Acquaintance with every

Society at the Connaught Rooms opinion within the range of the on April 25. Mr. Robert Husey Federation of British Industries Cunningham was la the chair. and, as president of that body, close Mr. R. H. Monier-Williams, in contact with associations repre-proposing the civic toast, spoke of Karenko, Kusentative of other phases of com the early associations which the Makong Nanko, Bombild, bu, Talasa, merce, enable him to speak with wine and spirit trades had with Takso, Tammi, Torn, Hsito, Talla, | CHINA :--Shanghai," Hankow,

Away, Fonchow, exceptional authority. Swalow Can HOM,

In OTHERS-Hong Kong, Slagupore, Bowrabara,

the events

Bank-Noten sued Average soosusi „Ies. 45,000,000 BRAKCHES AND AGENCIES1 JAPAN-Toyko, Yokohama, Koba, Osaka, FORMOSA1-Glywo,

Tork, Dalean.

LONDON BAYKERS ( Barclays Banky Ltd., Ligyda Back, Ltd., · Midland Bank, Ltd., Westminster Bank, Ltd.

The Bank has Correspondents in all dia principal Commercial Centres throughout the world. E. NAQURA,

HONG KONG BRANCH

8. De Vauz Road Central. Hong Kong. Ducumber N, 1981,

Manager.

sources

the

the City Corporation and said that of last year the first entry in the earliest letter Semarang, Balarla, Bombay, London, New themselves there is to be found book of the Corporation was

ample justification for his attitude swearing in before the Lord Mayor Many factors were operative, and and Aldermen of seven citizens of prominent among them was the London as licensed brokers of wine. inability of this country to diminish

The Lord Mayor, in reply, said its adverse visible trade balance, at that in spite of the agitation in la time when income from other these days about buying British was falling rapidly. In goods, he was courageous enough other words, British industry, work to say that he could see no reason ing under greater handicaps than why those who could afford its rivals abroad-and there were should not purchase wines that many newcomers to their ranks could not be produced in Great had lost much

competitive Britain. (Cheers.) There was no power. "If this country is to re-use expecting foreigners to huy tain a standard of comfort for ita from us unless we bought from the workers superior to that of our foreigners. It was rather |competitors*** such a result can markable thing that at the recent only be obtained by maintaining British Industries Fair, after it higher state of efficiency

.... had been decided to introduce Under the stress of circumstances, tariffs into Britain, the actual the internal rigidity which prevent orders from abroad, were much big-

ALEXANDER INSTITUT

DE BEAUTE

Phone 25169. Pedder Building

(Ist Floor)

Opposite Entrance to

Hong Kong Hotel.

of its

it

& re-

Corsupondents all over abe weld Banking Baa. Lustrous Oil Permanent Hair Wares ed the reduction of values from ger than they had ever been be which ice Large, Seft and Natural, being adequately translated into fore. That seemed to show that Artistic Finger and Marcel Wavar, Off] Treatment, Shampooingy Hanna Pack terms of manufacturing costs has foreigners were taking much more (any colour), Hair Cutting and Hani-been partially replaced by great interest in buying goods from Eng- care for Ladies and Gentlemen. Co-flexibility, while our new fecal land because it was being made a scientious, Artistic Work by European policy, by assuring to industry little more difficult for them to sell

steady market at home, should lay their goods to us.

THE

AMERICAN EXPRESS COMPANY. INC.

3.U.S.$6,000,000,00 U.9.$1,882,882.04 U.S.$1,458,116.78

Head Ofica-45, Broadway, New York.

Capital. Surplus Reserves

BRANCHES şunu

Eve

Bela

Hamborg

Martin Bocube

Havi Latoriaican

Rotterdam

Boimor

Agencias st:

London

Interna

Nagasaki'

Lazar

Minas

cla · Movie Oncles

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

Hand-Office:~~YOKOHAMA.

Nagoya

Marciwang

New York

Osaka

Priping

(Dairy) Rangoon

(Makdan)

Rio de Janeiro Ban Trandaos

Seattle

Semarang

Branches of American. Exynsas Com- Fanya Princi

States of A

and Canada.

All classes of Commercial Banking

Personal handled.

Expert, Mr. Alexander.

CHARGES MODERATE.

FOR SALE.

A VISIT WILL CONVINCE YOU. the foundation for greater efficiency, The Chairman, in proposing suc in the widest sense of the term. cess to the society, said he hoped Industry's First Task the members of the House of Com- It must be the first task of every mons would watch the interests of Industry, therefore, to seek con- the trade and prevent the members stantly to improve the whole of its of it being legislated out of plant and organisation. At the existence. same time there is offered an oppor The other speakers were Mr. E. tunity for increased mutual support, Price Hallower, Mr. E. T. Camp- which will be facilitated by closer bell, M.P., and Mr. O. W. Nicholson, contact between the relative asso-M.P.

POSTAGE STAMP CATALOGUES

FOR 1932

from..

STANLEY GIBBONS

Part L

Part IL

Yvert & Teller

$5.25

$8.00 $0.00 Scott Stamp & Coin Co. $8.00

GRACA & CO. Dealers

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

No.: 10, WYNDHAM STREKT,

elations. If 'home manufacturers Mr. G. J. Wallis, the secretary, fall to support home suppliers, Sir announced subscriptions and dona- James Lithgow pointed out, the way tlons totalling #5,988.

is opened for constant agitation fornem tariffs. This ~ liability to} constant uncertainty is one of the] arguments of opponents of tariffe,} and it is within the power of indus- |try itself to reduce such dangers to a minimum. At the same time (national policy requires ||framed as to give every encourage-

UNCLAIMED TELEGRAMS.

The following unclaimed tale rams are lying at the Eastern Exe tansion Telegraph Co.'s office:

Niall Rankin, British Consulate,

P.O. Box No. 620, HONG KONG to industrial activity. Bir from Londonpo,

YESTERDAY'S SOLU

GAB ASPEN ATTACH ME! PORTERS KROVE ONKO COR SPER OWNCO 200 30 D BADBL BD CCM 2000 A NBLABO 8 DR M

James Lithgow is especially critical HH Yula, c/o Hong Kong of the modern tendency, as he sees Hotel, from Sydney Sub.

it to protect the consume the expense of the

DOC.CA CLARKE,

AboutMyManager.

by

which has the

of

Hong Kong, June 2, 1982

nelai

ed: tele

FRIDAY, JUNE 3, 1932.

ANNOUNCEMENT

WE

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

RUSTON & HORNSBY, LTD., Éngineers, 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 Pumpa; ..`

etc., etc.

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

Kingsway, London.

Manufacturers of:

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 of:-

Air Compressors, etc, etc.

We have engaged the services 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 CROSSWORD PUZZLE.

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

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