1932-06-08 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authocleod Capital ......................... 100,000,000 Eseged and Frály Paidup mamom 20,000,000 Baserre Punda:

Temure ♣ 0,500,000 ............................ $10.000,008

Bierling Bilver

Barve Edebilty of Proprietors $20,000,000

HEAD OFFICE KONO KONG.

BJARD OF INRECTORS

Ilon. r. J. Patero Chairman

T. &. Pra, E. Deputy Chairman,'

Hon. Mr, W, H. Bell, A. I. Compiu. Enq M. T. Jahnan, Enj 0. Miskin,

AMOY BANGKOK HATAVIA DOMBAY

CALCUTTA

CANTON CHEFOO COLOMINO

DAIREN

YOOCHOW

HAIPHONG

A flower, Esq. r. It. It. Shaw, Esq

J. P. Warren, Esq.

M. Grayburn, Esq. Chief Hanspor

DBANCHER-

LONDON LYONS MALACCA

MANILA

MUAR (Jadoes)

KUKDEN

NEW YORK

PEIPINO

PENANO

RANGDON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Bstablished. 1917.)'

HEAD OFFICE-SINGAPORE Hong Kong Branch: 15, Quom's 14. C.

Authorised Capital Straits $80,000,000 Leaned Capital Paid-up Capital

8,000,000

6,000,000

4,000,000

1,687,000

Incorporated by Royal Charter, 1855 Reserve Liabilities

of Stareholders. Surplus ......

Branches, Agencise and Carrapon- dente in the principal cities of the $8,000,000 world. $3,000,000

Every description of Banking and Exchange bustuvas "transacted. £3,000,000

TAN ENG HOOL

HEAD OFFICE: LONDON,

Paid-up Capital

Beserve Fund

Reserve Liability of Pro-

prietors

Agencies and Branches:

ALOE STAR

AMBITHAR

IUCHING

BATAVIA BOMBAY CALOUTTA

· ΟΑΝΤΟΣ

DAWNPOR GXBG COLON BO DELET

RAPRONO HAMBURG.

BANKOW

HARBIN

BONO YONG

HADRAB MANILA

KEDAN NEW YORK:

PEPING (kitty

PEYANG

RANGOON

BAIOON

Макрос

THE NATIONAL CITY BANK OF NEW YORK,

HEAD OFFICE: 65, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profts U.S.$226,503,778.

Branches in

SEMARANG

SEREMBAN

SHANGHAI

BINGTORE

SITIAWAN

BOURABAYA

TAIPING

TIENTSIN

ARGENTINE

LONDON

TOKOKAH (BHJkm)

TSINOTAJ

BELGIUM

MEXICO

YOKOHAMA

BRAZIL

PANAMA

CHILE

PERU

CHINA

and

General COLOMBIA

CUBA

KUALA KANGSAR ZAMBOANGA

(LOILO

POE

KABACHI

КОВЕ

SAIGON

KUALA LUMPUR

KAN TRANCISCO

SITANGHAL

Foreign Exchange

ITABBIN

SINGAPORE

HONG KBW

KOTHADYA

SUNGEI PATANI

TIENTSIN

TSINGTAO

ITAMINIRO HANKOW

ILOILO

JOHORE

КОДЕ

KOWLOON

KUALA LUMPUR

TOKYO

YOKOHAMA

Current Account opeurd in Local Currency and Fixed Inganlts received for one year of shorter l' in Local Company and Beeting on trem which will be quoted an application. Rong Kong, A1, April, 1812

HONG KONG SAVINGS BANK.

The Bowman of the above Bank is conducted the HONG KONG AND SHANGHAT BANK ING CORPORATION. Rus may be obestand sa application.

FOR THE KONGEONO AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manage.

Hong Kong. 17th February, 1932.

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Hong Kong.

Authorised Capital (H.K. Currency)...$11,600,000 Paid-Up Captial

8.668,000 Resorts Fund 1,100.000

BRANCHES:-

Unlost Shanghal, Hankow, Swalow, Bangkok, New York and Sws Francisco.

LONDON DANKERS

The Lizyd's Bank, Liralted.

CORRESPONDENTS

In all principal cities of the World.

Foreign Exchange sod baking bustness of

avery description antedi

Sale Deposit Boxes (various sizes) as a yearly

pantal of mom 25 la "$40.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov-

stament 4 ап

INTERNATIONAL EXCHANGE

BANK.

Bubscribed Capita!

Pald-Up Capital

.$25,000,000.00 .824,710,200.00 3,820,508.83

HEAD OFFICE: SHANGHAI.

Reserve Funds ...

HONG KONG BRANCH: 4 Queen's Road Central,

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

We also hadde the taue of Bonds and geber Public Funds of the Chin

se Government both at home and abroad.

SHOU. J. CHEN,

Manager,

Hong Kong, 5th March, 1981.

Banking business transacted.

Current Accounts opened and Pix. DOMINICAN ed Deposits received for one year or

REPUBLIC shorter perioda at rates, which will be INDIA quoted on application.

ITALY 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 $19,000,000

PHILIPPINE

ISLANDS PORTO RICO

STRAITS

VENEZUELA

French

Commerce and Finance

Cotton Goods

Quota

Permits To Be Issued In Manchester

Manchester, May 14. grave inconvenience and loss would A meeting of firms interested in be inflicted on those traders who the trade in cotton goods with accepted orders and possibly even France took place yesterday at the forwarded the goods In the hope of offices of the Manchester Chamber securing & quota, only to find the of Commerce, with Mr. Ernest goods held up for an indefinite Sudlow, chairman of the Europe period at the French ports. It was Section of the Chamber, presiding. therefore unanimously decided that The purpose of the meeting was to it would be better if quota permits receive a report from Mr. Sudlow were issued in this country and t SETTLEMENTS and the other delegates, representa was agreed to request the directors URUGUAY

tive of all sections of the cotton of the Manchester Chamber of trade, who accompanied him on a Commerce to allow the Chamber to Commercial and Travellers' Letters recent mission to Paris in connec take on the work of being the au of Credits, Travellers' Cheques, Bills tion with the French scheme for thorised body, for the issue of per of Exchange and Cable Transfers limitation bought and sold.

of of Imports Current accounta

cotton/mits. and Savings Bank accounts

goods by a system of quotas. The The second major problem was and Fixed Deposits in local and for-delegation's discussions had been the basis on which permits should & may be ascertained an application to French cotton industry, and it was eus alternatives the meeting was in eign currencies taken at rates that with the representatives of the be granted. After discussing vari- the Bank.

We are also able to offer our Cus. yesterday reported that the conclu-clined to the view that the only tomers the services of the Branches aions reached would shortly be em-method which would work satisfac of the International Banking Cor-bodied in a French official decree torily would be one in which permits poration in Spain and also of The which would prescribe the quanti-were granted by priority of applica National City Bank of New York ties of cotton goods to be admitted tion. (France), S.A., in Paris and Nice.

It was felt that it would be into France from the United King-jnecessary to safeguard the trade dom in the coming months.

against the possibility of any, firms

EFFICIENT-TRUSTWORTHY-

RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C.

E

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

{NETHERLANDS TRADING SOCIETY!

.f

BANKRES.

Briablished 1834.

Elona Kona Orice:~ll, Queen's Bond Castes Authorised Capital

Galders 150,000,000. Guildén 10,000,000. Guides 10,016,000

Paid-up Capital

Reserve Fund

Head Office:--ÁMSTERDAM”, Eastern Head Ofɔa:—BATAVIA. Branchen-Bendjarmasin, Bandong", Boudha J.

Uslovila, Oberibon, Dr Dick jakarta', The Higna", "Jiddah, Lobe, Makasar, · Mulan, Palembang, Pris- longa, Pasang, Bangoon, Rosserdam*. Batatang", Thanghal," Blasopas, Boom- bain, Boerakarta (Solo), Tegal, and Weltevreden".

"Tysletjep

• Thane offices have Bale Deposit Boxes to Ze

LONDON BANKERS — NATIONAL PROVINCIAL, `BANK LTD.

Correspondants all over the world. Backing Bual cess af krecy description transected.

A. STRIKINE,

More Song, la: December, 1981..

THE

opened

R. M. MCLAY,

Manager. Hong Kong, May 18, 1932.

(TAIWAN GINKO.)

Until the official pronouncement misusing the basis of priority of is made it was not possible to report application by applying for a larger upon or discuss the amounts of the quota than their orders entitledi THE BANK OF TAIWAN, LTD. quota, but the meeting was inform- them te, and it was thought that ed that it was highly desirable to stiff penalties would be necessary in consider various attendant prae-this connection, either by way of HEAD OFFICE:-Telpek, Formosa.tical problems in readiness for the the refusal of further quota per- actual operation of the new quota mita to Arms making improper when it was made known. It was applications. made clear at the meeting that The Chamber is to keep in touch traders generally profoundly de- with the appropriate authorities int Bank-Notes lesovi Arestant To. 1.000,00plore the interference with trade France and London with a view to

Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formos

BRANCHES AND AGENCIES:

JAPAN --Toyko, Yokohama, Kobe, Deake FORMOSA, E, Kuwaka,

Klung.

which. quota schemes necessarily in the early formulation of a concrete acons, Kato, Samald W, Taleho, al volve, but, faced with an unavoid scheme. In the meantime publicity able necessity, traders are clearly, is being given to the measures con- CHINA-bangal Healow, Amy, Foochow obliged to give their best endeavoura templated in order to enable firms

Tokat, Tacasal, Toan, Bik. Taltor

Swatów, akin. OTHERS-Hang Long

Slugsporn Sobeys, to make the system as Semarang, Batavia, Dombey, London, Naw York, Dairen.

as possible.

LONDON BANKERS: Barclays Bank, Ltd., Layds Dsok, Ltd., Midised Bank, Ltd., Weinissier Bank, Ltd.

The Bank has Correspondsuis in all the prind pal Commercial Centre ihroughout the world, E NAGURA,

Mag.

HONG KONG BRANCH

1, De Varux Hood Central. Eung Koc December 31, 1991.

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:"

15, Gracechurch Gma, London, EC..

Authorised Capital

Subscribed Capital Paid-up Capital ....

The Bank of England & Midland

Bank, Ltd.

Paning

.£8,000,000

1,800,000

1,050,000

Reserve Fund & Rest

1,217,927

BANKERS:

BRANCHES

Bangkok

Ipoh

Batavia

Kanis

Bombay Calcutta

Kurschi

Kota Bharu

Kala Lipis

Kuala Lumpur

Madras

New York

Colombo,

Minogue.

Pithi Gulia

Hosish

AMERICAN EXPRESS COMPANY.

INC.

Head Office>-65; Broadway, New York List P

U.8.$6,000,000.00

.U.6.$1,882,882.04- U.8.$1,458,118.78

THE YOKOHAMA SPECIE BANK, LIMITED.

Capital

Surplus

Reserves

BRANCHES---

Amierdam Astarry

HAT Hansberg

Pira Poda

· Established: 1889,

Capital (fully pild-up) Yes 106,800,055 Koserve Fund

Yen 117,200,000

Kend Ofen--TOKOHAMĄ.

Benachos and Agencies st:

Nagasaki.

Niroya

Newchwang

New Talk Osaka

Paria

Peiping

Kangoon

'Rio de Janeiro

Branches of American Express Com pany in Principal cition of United States of Ameries and Canada.

All

Gomb ́undertakes

Port Louis

(Mauritius) fangoon

Shanghai

Bimla Kusten (Pakang) Singapore Sourabaya

workable who may not have been present at the meeting but who have an Inter- o major problems arise and est in the market to approach the were considered at the meeting. Chamber for details and submit The firat is whether it is less suggestions or criticisms. It should detrimental to trade to have quota be realised that once a definite systems administered by the scheme has been adopted the whole Customs authorities in the country trade will be bound by it and the of destination or by some appro-Chamber cannot do more than give] priate body in the country of origin. this public opportunity to interested It was the view of the meeting that parties to participate in influencing if the quota was applied in France decisions.

LOCAL MARKET LIFELESS.

Dollar Remains Steady

at 18. 2.7/8d.

INSULL' GROUPS

Receiver for Their £50,000,000

Co.

A petition for a receivership for Middle West Utilities, the holding concern of the vast Insull Utility group has been filed. The com- pany has a capital of more than £50,000,000, and the receivership will be the largest in the history of #American inchistry.

The Hong Kong Dollar continued steady yesterday at Is. 2.7/8d. but the local maket was lifeless.

In London silver was unchanged and there was small business on quiet market which ruled idle after Krery description of Banking and Exchange besi. the official fixing of rate.

HONG KONG BRANCH.

zmą trasasoladi

Travelines Chaque troved.

Traster and Executorships under York, and the market was dull

Silver went down 1/8 in New

taken.

INTEREST allowed Current Accounia and i Flued Deposits at Bates that may be sacertained on application.

J. B. ROSS,

Manage 17. Queen's Bend Casiral,

Hong Kong, 7th April, 1982,

ALEXANDER INSTITUT DE BEAUTE Phone: 25169.

Artistic

Doubts that the company could arrange to meet the £2,000,000 of] notes maturing on June 1 and other * Chinese Exchange.

bank loans falling due later to a At the local Chinese Exchange,

total of approximately £5,500,000, iast evening. Canton Central Bank are the chief reason for the action. notes were quoted at 54.4 per cent. the Lincoln Printing Company, taken. The petition was filed by while Hong Kong dollar notes, in exwhich claims to be a creditor for change for Kwangtung silver, were

at a premium of $422 per $1,000.

London Silver. Prices.

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

June 6 June 7. Spot

· 16-7/8′′ 16-15/16 Forward 16-16/16 (179) The London on New York cross rate Was quoted. :- #1--G$8,89----- Beuter,

THE 22,000 U.S. BANKS

für Single System

$1,800,

The operations of the concern extend into thirty States and 5,000 communities. About 100,000 stock holders

.are affected owning 15,000,000 Common shares and 600,000 Preferred shares. Are ceivership, it is hoped, will protect disintegration of the company's stockholders, prevent the complete properties, and permit of re- capitalisation on a sound basis in a few years.

(Continued from: provióus Column.) Recently Mr. Meyer gave evi- dents to the committee that a large number of the recent failures A scheme to set upon alugiés avoided if there had been a unified of small banks could have been

tem

United Stat all under!

system of control Benstor Glass

eed, that it would be

hole banking

WEDNESDAY, JUNE 8, 1932.

There's No

n! Magic About it!

WE LIFT THE. SHADOW FROM YOUR CLOTHES.

WHAT AN IMPROVEMENT WHEN THEY COME FROM THE STEAM LAUNDRY DRY

CLEANING DEPT.

No Shrinkage or Loss of Colour on Gabardine, Palm Beach, Silk, Alpaca or

Mohair Garments.

Our Steam Pressss cannot Scorch. Shine or Spot.

THE STEAM LAUNDRY CO. Sanitary Laundrymen, Dyers -and Dry CleanOTO,

HEAD OFFICE & WORKS: Mongkok. Tel. 37032.- KOWLOON HOTEL DEPOT. Tel. 58545.

HONG KONG DEPOT: 69, Queen's Road, Central. Tel #1973. PEAK HOTEL DEPOT. Tel 29071. FENINSULA HOTEL (Visitors only).

HONG KONG HOTEL (Visitors only), 78, WYNDHAM STREET.

SPECIAL VALETERIA SERVICE.

No. 2, PENINSULA HOTEL ARCADE, Tel 58081. No. 864, Nathan Road (Next to Majestic Theatre), Tal. 58906. No. 80, queen's Road, Centrál. Tel. 21879.

MAN LOONG. PRESERVED GINGER MANUFACTURERS.

A

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

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:

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, Engla

Manufacturers of

Air Compressors, etc., eter

We have engaged the services of an expert en

Messrs Ruston & Hornsby, Complete knowledge, of the manufacturers referred

eceive our careful and prompt

REISS, MASSEY & CO LTD

2