1932-06-13 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Author Capital $50,000,000 Land and Puity Paid-up 10,000,000 Bowers Funds!—

Blecting. Bilt...

20,500,000 - $10,000,000

Reserve Liability of Proprietors................, $90,000,000

HEAD OFFICE: HONG KONG,

HOARD OF DIRECTORS:-

Hou. Mr. J. J. Polerada. Chairman

7. E. Paaros, Em. Deputy Chairman."

Hon. H. W: II, Bali

A. II. Campion, Esq. M. T. Jahnaos, Baq,- G. Miskin, Eng.

AMOY

BANGKOK

DATAVIA BOMBAY CALCUTTA

•CANTON VERPOO COLOMBO

DAIREN FOOCHOW

HAIPHONE

HAMBURG НАНЕСТ

HARBIN

TIOSOKEW

ILOILO

IPOH

JOHONE

KONE

KOWLOON

J. A. Plummer, Ex

... Shaw. Eaq. J. P. Warren, Esq.

V. K. Grayburn. Esq. Chief Manager,

BRANCHEB

KUALA LUMPUR

LONDON LYONS MALACCA MANILA

HUAR (Jobore)

31UKDEN

NEW YORK

PEIPING PENANG

BANGOON

КАПОК

SAN FRANCISCO

SHANOJTAI

SINGAPORE

KOURARYA

SUNGE PATANI

TIERTAIN

THINOTAO

TOKYO

YOKOHAMA

Current Arrunte opened a Local Currency and Pland Deposits repeired for pos year of aborter periods in foral Company and Sterling on terms which will be quoted on application. Kang Kung. 5th April, 1992.

HONG KONG SAVINGS BANK.

The Business of the above Back lé annducted the HONG KONG AND REAGHAT BANA

I CORPORATION. Bulan may be označnad

naco.

TOS THE HONGKONG AND SHANGHAI BANKING DORPORATION,

V. M. ORATBURN,

Chief Managır

Hong Kong, 27th February, 1931.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capital (H.R. Curmacy)...$11,000,000

P-Up Capital ......

Beserve Fund

-**** 19,000,000 1,100,000

BRANCHES ---

Canton,

Shanghai Hankow,

Swalow,

Naw York and Bar Preoriaca.

LONDON DANEERS

The Lloyd's Bank, Limited.

CORFESPONDENTA

In all principal plites of the World.

Veroiya Exchange sad banking businhas, of

svery description tracted.

Bal Deposit Bazas (raridus, alias) at a yearly

of from a $40.

LOOK POONG SHAN,

Chlet Manager.

THE BANK OF CHINA.

行銀國中

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853

HEAD OFFICE: LONDON,

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.) ·

HEAD OFFICE-SINGAPORE. · Hong Kong Branch: 13, Queen's Rd, C.

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

Paid-up Capital

Reserve Liabilities of

Shareholders

Surplus

8,000,000

祁

4,000,000

4,000,000 2,087,000

Branches, Agencies and Correspon dents in the principal cities of the world. .$3,000,000

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

TAN ENG HOOI, #3,000,000

Paid-up Capital

Reserve Fund

Reserve Liability. of Pro-

prietora

Agencies and Branches:

ALOR BTAR AMBITUAR BANOTOK BATAVIA BOMBAT DALOUTTA CANTON GAWNFORE ORDU 001,030 DELFI HAIPHONG HAMBURO BANTOW HARBI RONG TONG TLOILO IPOR KARACHI KLANG KOBE

KUCKING MADRAS MAKELA MEDAN NEW TOAT PEPINO (Peking) PENANG RAHODON BLIGON BENARANG SEREMBAN BHANGHAI BINO PORE BITLAWAN BOURABAYA TAINING TIENTAIN TONOXAR (Bhukel) TSINGTAO YOKOHAMA

L

KUALA KANOBAR ZAMBOANGA KOALA LUMPUR

Foreign

Exchange

and General

Banking business transacted.

Current Accounts spened and Fir ed Deposits received for one year or shorter periode 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

Manager.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 85, Wall Street, NEW YORK.

Capital; Surplus and

Undivided Profts U.5.1225,503,775.00

Branches in.

ARGENTINE BELGIUM BRAZIL

CHILE

CHINA COLUMBIA CUBA

INDIA ITALY JAPAN

DOMINICAN- REPUBLIC

AD

LONDON MEXICO PANAMA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

Commerce and Finance

TEXTILE COMBINES' RESULTS

FINE SPINNERS PASS ALL DIVIDENDS.

Losses Reduced from Previous Year's Figures.

MONDAY, JUNE 13, 1932.

LOCAL DOLLAR UNCHANGED.

Market Still Remains Lifeless.

The Hong Kong dollar remain-

EMPIRE TOBACCO POPULARITY.

The

Direct Result

Preference.

mowing popularity of Em-

ed unchanged at la. 8d. an pire tobacco manifests itself from Saturday. Locally, the market the window of every tobacconist's shop. But the alluring labels that was still lifeless.

In London, silver was down proclaim their contents Imperial teli 1/16th apot and th forward. only part of the story. China bought and sold, and there Empire tobacco enters into the was small business, the market composition of many pipe mixtures closing quietly steady. After the and cigarettes unannounced, and it

tobacco consumed in this country to- The directors of the Fine Cotton priations to the employees' benefit official fixing, the market ruled is fairly safe to say that of all the

Doublers' Associa-fund, which they do on a handsome idle, Spinners' and

In New York, silver declined day, over 20 per cent. Is British. Profits and allocations for

This position has not been easily tion announce that they cannot re-scale.

won. That it has been won at all commend any distribution to share-the last three years are shown beth, the market being dull.

is a triumph for the principle of holders in respect of the year end-low:- ed March 31 last. This announce-

Imperial Preference. It has taken ment is not altogether surprising

over a decade to make this inroad in view of the heavy call which had

into the virtual monopoly that American tobacco held and to over- to be made on undivided profits to pay the preference and preferred

come the conservatism of the Eng |lish ́smokers' palate. ordinary dividends for 1980-1, and In view of the fact that no interim distribution was made during the +year.

Shareholders, however, are likely to be pleasantly surprised by the results of the year's working as stated in the directors' announce ment. After charging £150,000 for depreciation there was a loss

Commercial and Travellers' Letters of £110,653, whereas for the pre- of Credits, Travellers' Cheques, Bills vious year, after charging £180,000 of Exchange and Cable Transfers for depreciation, the loss was bought and sold. Current accounts

When it is remembered

and Savings Bank accounts opened and $226,944.

Fixed Deposits in local and foreign that the financial year just ended & currencies taken at rates that may be included six months before the ascertained on application to the Bank, suspension of the gold standard in We are also able to offer our Cus- this country, it will be appreciated tomers the services of the Branches

of the International Banking Corpora- that the reduction of the loss is a tion in Spain and also of The National creditable performance, especially City Bank of New York (France), since tariffs and currency restric- 5.A., in Paris and Nice.

tions must have increasingly ham- pered the combine's foreign trade towards the end of the period..

Manager.

R. M. MCLAY,

Hong Kong, May 13, 1982.

We offer good rates of interest. THE BANK OF TAIWAN, LTD.

TOTAL RESOURCES

$19,000,000

EFFICIENT TRUSTWORTHY-

RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

DANKEILS.

Established 1821.

Hong Kong Office:-II. Queen's Road Capital.

Authorised Capital Gulders 150,003,096. Paid Up Capital Builders 90,000,000

(TAIWAN, GINKO.).

HEAD OFFICE-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa.

The profit and loss account 18 credited with a sum of £200,000 transferred from taxation provision no longer required, and $200,000 is transferred to reserve against In- vestments in and advances to sub- sidiary companies. The following table, illustrating the results of the | last three years' working, is based

Houk-Suter jasurd &rtugs STROYRS Ven. (8.700,000 on the assumption that debeature

BRANCHES AND AGENCIES:

| JAPAN :~~Tokyo, Yokolama, Hobe, Osaka.

Kag. Karenko,

| FORMUSA, :—ran,

interest required the same amount

in 1931-2 as in the two previous

Makong Nante, black, Talc, Talan, years: Takao, TL, Tom Heito, Tallo. CHINA-hanghai Ham, Amay, Fooclaw,

Hwatow, Chalon. OTHERS :-Bong Kong. Kingapore. Soerabaya, Semarang. Belaria, Benbay. London. New Tork, Dairen.

LONDON DANKERS

Barclays Bank, Lid. Lloyds Bunk, Ltd. ikland Back, Ltd., Wastinater. Bank, Ltd. Thanks Componderis in all the principal Commercial Ceatres trapghout the world. E. NAQURA,

Mansge

1.

HONG KONG BRANCH:

4. Des Vimix Road Central. Hong Kong. December 24, 31.

Reorganised October 20, 1928, under Reserve Fund.......... Galilera 49,515,00 ALEXANDER

special charter of The National Gov-|

ernment as an

Subscribed Capital

INTERNATIONAL EXCHANGE

BANK.

$25,000,000.00

$24,710,200.00

$ 3,820,503,82

**

Paid-Up Capital

Reserve Funds

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central.

Head Ofs-AMSTERDAM",

Enstaru Bend Diffic-BATAVIA,

INSTITUT

Braucheɔ ——Bandjermasin, Bandoen Bombay, DE BEAUTE

Calcutta, Cherrien, Djember, Djok Jakarta, Tha Heguo, Jiddali, Kabe, Makasar, Medan, Palembang Poka longan, Panang, Hangoon, Botterdam. Semarang, Shanghai, Blogspare, Soera. bala, Coerakaria (Solo), Tegal, Titijap and Weltevreden“,

• Then offers have Safe Deposit Boxes to th LONDON DANKERS-

NATIONAL PROVINCIAL BANK LID. Correspondents all over the world, Banking

A. STOKKINK.

Owing to our numerous branches iness of every description Ensacted,

China and large connections in the im

portant commercial centres of the Hong Kong, lal Documber, 1991,

world,

rid, we are able to extend to our

clients special facilities for domestic

and foreign banking and exchanges.

We also handle the issue of Bonds

THE

Manager.

Phone 20149. Pedder Building (1st Floor) Opposite Entrance to Hong Kong Hotel

Lustrous Oil Permanent Hair WaveG which are Large, Soft and Natural Artistic Finger and Marcel Waves, Oll Treatment, Shampootor. Henna Pack Bust(any colour), Hair Cutting and Mami- care for Ladies and Gentlemen. Con- acleations, Artistle Work by European Expert, Mr. Alexander

and other Fablic Funds of the Chin- AMERICAN EXPRESS COMPANY,

ese Government both at home and: abroad.

Hong Kong, 5th March, 1931,

U.S.$6,000,000.00 .U.S.$1,882,892.04 .U.S.41,458,116,78

INC.

SHOU J. CHEN,

Manager.

Head Office-65, Broadway. New York.

Capital

THE YOKOHAMA SPECIE BANK,

Surplus

LIMITED.

Reserves

Established 1880.

BRANCHES:-

**

Kloo

Glasgow Mareas

Naples

Reserve Fund

Yen 117,800,000

Beale Bertia

Hamburg Have

Blacrite! Interiako

Bombe Beume Bratis

Capital:(fully paid-up) Yen 100,000,000

Head Office: YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Amateriam

Antwerp Діапа

Banos Alem

→Jerusalemi

Tádo London

Nagasakl Nagoya Newchwang New York

Osaka Paris Peiping Rangoon

Liverpoól

Cales -Calcutta

Laser-

•Lagnaa

'Cadies'

Marsellian Colombo Constantinople Mozia Carlo Copenhagen kaburgh Полко

Dairen (Dalny) Fenglien (Mukden) Rio de Janeiro

Hong

San Francisco

Hamburg

Haakow

Seattle

Harbin

Kong

Semarang Shanghai

Bingapore

· Boerabaya

Tientsin Tokya

Honolulu

i-Yuen

Karachi

Kobe

London

“Los Angeles

Interest allowed

Deposits receit

to be obtain

المواد

Monich Moodraza KHAR

Pirmas Paris Fasing Paking Palerusta Rotterdam Bom Stamboul Shanghai Buckhampion Bingapons St. Morits Pastaln

Vizana

Venlos Yokohama

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

All classes of Commercial Banking Transactions. undertaken..

Personal investment accounts handled.

offers

intending

CHARGES MODERATE

A VISIT WILL CONVINCE YOU.

LATEST INVENTION American Chemical. Diänionds.

in

الله

These diamonds are equal to real diamonds respects Epecially in brilliancy of lustre, hardness, Gan cut glaas like real Proof against fire, file acid, water, oll, etc. These diamonds can be washed with soap and water and can be used for more than 100 YOKTU. Price per carat H.E.$7.50. Terma Cash or C.O.D.

diamonde

Those who

Profit

Loss

From reserves

Brought forward

Available

Deb. interest

Directors' fees, &c.

Pref. and pref. ́ord.

dividends

Ord. dividend

Do. per cent

Off investments' Carried forward

Profit

Loss

Of investments

Carried forward

Profit

Lose

1981-2,

£

-

110,658 200,000 40,432 129,779 110,000 7,127

200,000 +187,348

1930-1.

་ ོ་

Profit.

LONDON SILVER PRIČES.

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

June 10 June 11 10% 16-15/16 16% 17. The London on New York cross rate was quoted $1-G$8.67%.

CANTON EXCHANGE.

Silver at Premium of $425.

Canton Central Bank notes were

1981-2.

Profit

87,152

Fees, &c., pald

1,977

Debenture service

25,000

Depreciation

25,000

Net profit

85,175

Brt forward (net)

83,398

Spot ....... Forward...

Available

62,573

Dividend

25,805

Do. per cent

2 13

Employees fund Carried forward

8,000

34,768

1930-1.

$

55,008

Fees, &c., paid

1,189

Debenture service

25,000

Depreciation

25,000

Net profit

Brt. forward (net)

8,818 29,580

Available

39,398

Dividend.

Do per cent.

Employees fund Carried forward

38,398

1929-30.- £ 117,227

Debenture service

2,542 25,000

Depreciation

25,000

Net profit

64,685

Brt. forward (net)

30,057

Available

Dividend

94,742 58,062

Do. per cent.

7%

Employees fund

5,000

Carried forward

31,680

Profit

Fees, &c., paid

In 1919 the quantity of Empire United tobacco consumed in the Kingdom was about 1,500,000lb, or less than 1 per cent. of the total consumption. In September of that year a preference of is 41⁄2d per lb was given to Empire tobacco, and by 1921 the consumption had risen to 6,400,000lb.

In July, 1928, the preference was quoted at the Chinese Exchange increased to 2s, and the consumption here last evening at 55.4 per cent, rose to 14,500,000lb. In July, while Hong Kong dollar notes, in ex- 1926, the preference was stabilised change for Kwangtung silver, were, at 28 for ten years, and since then not looked at a premium of $425 for each Empire tobacco has $1,000.

back.

The following table shows the position to-day, as revealed by the this' figures of consumption in country for 1931:

GOLD OR STERLING

Shipbuilders' Claim From Shipowners

An interesting claim is being put forward by Messrs. Burmeister and Wain in connection with a contract for the motor ship Dag- hild, which was made in 1926 with John P. Pedersen & Son, Oslo (Ocean S.S..Co.). It was for a motor vessel of 9,150 tons gross with 3,500 h.p. machinery, the price being £169,000. £67,000 was

lb.

Foreign tobacco

.117,847,959

Nyasaland Indian

10,496,988

9,125,882

6,261,774

4,856,541

Rhodeslan Canadian

Other, including Union of South Africa

Total

1,948,725

.150,537,319

Thus last year the consumption

of Empire tobacco was 32,689,860lb,

to be paid in four instalments dur- or a little under 20 per cent. of the ing construction, and the balance total.

It will be noticed that

The profit of £87,152 is struck in ten equal half-yearly payments Nyasaland heads the list of produc after charging £8,966 for specific of $10,140 each, the Ocean Co. giving countries in the Empire. This depreciation, and £41,928 for ring a first mortgage on the vessel. tobacco is largely used for blending. Rhodesian tobacco is the best pairs and renewals; a year ago When the ship was nearly complet 3,491 was charged for specife deed, In December, 1927, the mort known by name to the general preciation and £42,524 for repairs cage deed was made out and in it public.

the was the clause that all paymente market 271 pipe tobaccos and 85 and renewals, and, moreover,

brands of cigarettes composed whol- profit and loss account was credited should be made in gold. with £11,523 from income tax ac- count no longer required.

a

There are on the English

I.I.D. CERTIFICATES.

Laat December a payment bely or partially of Rhodesian leaf. came due (there are still two Since 1926 the consumption of more) and it amounted to £11,062, Rhodesian tobacco in the United The balance-sheet shows re- including intereat. This amount Kingdom has increased by over 500 serve fund of £230,000 an invest-was paid by the Ocean Co. in steri- per cent. ment contingency fond of £45,000, ing, since the building contract and a depreciation fund (including did not state that payment should this year's allocation) of £132,888, be made in gold. This: amount, Liquid assets, excluding shares in however, represents only £7,727 in subsidiary companies, total £425,-gold (at the time in question) and agents for the Societe Internation.. 241, against which there are trade Burmeister and Wain are, thereale de Placements, Basle, advise claims for fore, claiming from the shipown-lus that yesterday's official quotation and loan creditors'

lers the balance, £3.825 in gold: in Baale was: £2.8. Od..

£91,812.

226,944

From reserves.

400,000

Brought forward

183,185

Available

356,191

Deb. Interest

110,000

Directors' fees, &c.

8,759

Pref. and pref., ord.

dividends

197,000

Ord. dividend

40,482

1929-30. $ *517,518

50,000

Brought forward

214,187

Available

781,685

Deb. Interest

110,000

Directors' fees, &c.

26,950

Pref. and pref. ord.

dividends

Ord, dividend

Do. per cent

197,000 264,600

8

14.30

188,185

£13.50

[200]

[22.73]

From reserves

Off investments Carried forward

purchase diamonds to the Including £100,000 from

H.K.$30 or more will get 20% dis count. Bend your orders direct to the American Chemical Diamond Co P.O. Bar No. 240, Pinang, 8.84 When ordering mention "China Mail'

PHOTO-SUPPLIES

Kodaks -Flims: Plates and Papers,

Devaloging, Printing-and-

Enta

FIELD

parations reserve,

Debif

"Slubbers"." Better Year. Like the Fine Spinners, the Rri- tish Cotton and Wool Dyers Asso- elation, Ltd, la also able to report batter results for the year ended March 31 last than for the previous In this instance, however, [year.

| shareholders" "will have a solid rea-

Bon for satisfaction, ince divi-NG!

of 1-3 per cent, for the year

mmended on, the £774,165 of which nothi

Mesers. A. Goeke & Co., local

AO.FC. Averago of Shanghat Stocks

TUESIT SEPRESENTARVI STOCKS

102%

seemed to be of a forc-14.55.

has been completed,

the past

as if this

nërál.

lays it doubt

vare fluence

in- mone

timent un...

•