1932-06-17 — Page 2

THE

CHINA MAIL

FRIDAY, JUNE 17, 1932.

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised Capital Issued and Fully Paid-up

Bora Funda:-

Sterling Bilvar

£ 6,100,000

..................... $10,000,000

100, 100,000 30,000,000

Rear Liability of Propriators $20,000,000

HEAD OFFICE, HONG KONG,

· BOARD OF DIRECTORA :—,

Han, Mr. J. J. Paterson,

Chairman

T. E. Pra, Esq.

Deputy Chairman.

Hon. Mr. W, If. Bull,

A. E. Compton, Eay.

M. T. Johnson, Esq. 0. Mullo, Kaj.

ARDY

BASOKOK

MATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO COLOMBO

DAIREN FOOCHOW

F. A. Plummer, Esq.

T. I. I. Shaw, Eaq.

J. P. Warren, Esq.

V. M. Grayburn, Esq. Chiel Manager.

BRANOLLES-

LONDON LYONS

STAFACCA

MANSLA

MUAR (Johor)

NEW YORK

MURDEN

PKIPING

PENANO

BANGDON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:—SINGAPORE.

| Hong Kong Branch: 18, Queen's Rd. C.

Reserve Liabilities of Sharebolders....

Authorised Capital Straits $20,000,000 Issued Capital ..... Paid-up Capital ....

8,000,000

"

4,000,000

P

4,000,000 Surplus

2,687,000 Branches, Agencies and Correspon- dents in the principal cities of the

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Paid-up Capital

Reserva Fund

Reserve Liability of Pro-

prietors

£3,000,000 world, .£8,000,000

.£3,000,000

Agencies and Branches:

ALON STAN

AMRITSAR

KUCHINO

MADRAS

BANGKOK BATAVIA BOMBAY CALOUTTA CANTON CAWNPORE CZBU

COLONDO

DELIII

HAIPHONG

ILOILO

Iron

MANILA

MEDAN

NEW YORK

PEIPINO (Pekings PENANO BANGON

Commerce and Finance

DOLLAR REMAINS INDIA AND OTTAWA

UNCHANGED.

Manager. Exchange Market Still

Lifeless.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$225,508,775.00

Branches in

LONDON

Lifeless conditions still prevail in the local exchange market, the dollar remaining unchanged.

Sir P. P. Ginwala's Views on Preference.

PRESENT SITUATION A BAR TO ECONOMIC IDEAL."

Sir P. P. Ginwala, a former Barrister of Rangoon and who Silver was yesterday down 1/16th was mayor of the city and also a in London. China and the Con- member of the Whyte Reforms

Committee, is one of the delegates from India to the Ottawa Econo-

tinent were amali sellers, and the market was quiet. After the official) fixing, the market ruled very quiet, mic Conference. It will be remem-

BARION

SEMANANO

SEDESBAN

HAMBORG

SHANGHAI

HANKOW

SINGAPORE

HARMS

SITIAWAN

KONA KONG

SOBRABAYA

ARGENTINE

TAIPING

BELGIUM

MEXICO

TIENTSIN

TONGKAH &ti

BRAZIL

TSINGTAO

CHILE

PERU

YOKOHAMA

ZAMBIA NOLA-

CHINA

with a steady undertone.

COLUMBIA CUBA

ISLANDS

PORTO RICO

STRAITS

In New York, silver again clined 1/8th to 27.

REPUBLIC

SETTLEMENTS

URUGUAY

CANTON EXCHANGE.

VENEZUELA

KLANG

KUALA LUMPUR

KARACHI

KOBE

KUALA KANGSAR

HAIPHONI

SALOON

TAMAURO

SAN FRANCISCO

HANHOW MACHEN HONOREW

SHANGHAI

SINGAPORE

SIK RADYA

Itt

TIENTSIS

JDHORE

TOKYO

ROBE

THINGTAO

KOWLOON

KUALA LUMPUR

SUNDEI PATANI -

YOKOHAMA

Current Arminiply opened in, Local Currency and Fixed Deposita inreized for one year o shorter periods in Tomal Company and Harling on feenti which wit be quoted on application. Hong Kong, th April, 190m.

HONG KONG SAVINGS BANK.

The Bouloase of the abure Bank la vendasetad

by the HONG KONG AND ABAROHIAI MANT ING CORPORATUN. Hules may di sizisland

alison.

FOR THE HONOLONG AND RANO SAI BANKING CORPORATION.

V. K. GRAYBEAN,

Chind Minngar.

Hong Kong, 27th February, 1931.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capita: (H.K. Currency) '.....#11,000 000 Paid-Up Capital ...

***,955,000 Besar Fund. 1,100,000

URANCHES

Canton,

Shanghai, Haskow, *_ Swalow, Bangkok, New York and fan Franziaco.

LONDON BANKERS

The Lloyd's Dans, Limited.

CORRESPONDENTS

In 1 principal cities of the World. Foreign Exchange and bupking businnen a avary description" transacted.

Sefe Deposit Boxos (various alzsa) ut a yearly rental of irons $3 to $40.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行鉯國中

Reorganised October 26, 1928, under

special charter of The National Gov- ernment an an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

$25,000,000,00

Paid-Up Capital

$24,710,200,00

Reserve Funds

.$ 3,820,503,82

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

:

4, Queen's Road Central.

Owing to our numerous branches in China and large connections in the Im-| portant commercial "centres of the world, we are able to extend our clients special facilities for domestic, and foreign banking and exchanges.

We also handle the issue of Bonds) and other Public Funds of the Chin-

Foreign Exchange and Banking business transacted.

General DOMINICAN

Current Accounts opened and Fix-INDIA ed Deposits received for one year or ITALY shorter periods at rates which will be JAPAN (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

We offer good rates of interest.

TOTAL RESOURCES

$19,000,000

EFFICIENT-TRUSTWORTHY-

RELIABLE COURTEOUS.

141-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

BANKERS.

Katsblicked 1994,

Hong Kong Bee 1, Queen's Road Central.

&

PANAMA

PHILIPPINE

Commercial and Travellers' Letters

bered that Sir' Padamji was at one de-time President of the Indian Tariff Board. He made the fol- lowing statement to the London Times on the trade relations be- tween India and Great Britain.

"The Ottawa Conference will be

Canton Central Bank notes were

of Credits, Travellers' Cheques, Bill quoted at the Chinese Exchange one of the most important events of Exchange and Cable Transfers here last evening at 54.9 per cent. in the economic history of the Em- bought and sold. Current accounts while Hong Kong dollar notes inpire, and if it works in the right, and Savings Bank accounts opened and Fixed Deposits in

in local

Kwangtung silver spirit its conclusions will have a exchange for and foreign currencies taken at rates that may be were at a premium of 3426 for each far-reaching effect not only on the ascertained on application to the Bank. $1,000.

We are also able to offer our Cus- tomers the services of the Branches of the International Banking Corpora- tlon in Spain and also of The National City Bank of New York (France), S.A., in Paris and Nice.

Manager.

R. M. MCLAY.

Hong Kong, May 18, 1932.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

LONDON SILVER PRICES.

June 16. Closing silver prices in London to-day were:

June 15 June 16. 16-13/16 16-13/16 Forward 16%

16%

Spot

The London on New York cross rates was quoted £1-G$3.66%.

HEAD OFFICE:-Taipeh, Formosa, NEW FIND OF GOLD

Incorporated by Special Imperial

Charter, 1899.

Central Bank o Permosa.

|Bank Notes famed Average amount ...Yen. 45,000,000

DBANCHES AND AGENCIES:

|| JAPAN :-Tokyo, Yokohama, Bobe, Çınka.

FOUMOSA-Giran,

Karenka, Krolung, Makong, Nanto, Shlachts, Talcho, Tsinan, Takao, Tamaul, Toon, Hetto, Telto |CHINA :—Shanghai, Hankow, Amoy, Foodbow,

Swatow, Canton. OTHERS-Hong Kong, Singapore, Berabaya, Semarang Dalayla Bon,bary, London, New Tork, Daires

LONDON BANKERS:

Barclays Back,. Ltd, Lloyde Bank, Ltd. Midland Bank, Ltd.. Wasimlaster Bank, Lid.

J

The Bank has Coverpondents in all the principai Commercial Centres tareughout the world. K. NAGURA.

Manager

HONG KONG BRANCH,

3. Dra Vocar Road Central, long Kang. Docember 24, 1991,

ORE.

At Witwatersrand Deep Mine.

Johannesburg.-A

Empire but on the whole world. Reciprocal differential tariffa will not lead to the best results unless) they are accompanied by close in- dustrial co-operation and brought into relation with home, Empire, and foreign prices somewhat on the lines adopted by the Indian Tariff Board in the case of the steel industry.

"Great Britain and India are, within the Empire, each other's] largest customers; and with the development of India's. resources,

and the consequent expansion of

the purchasing power of her vast population, the potential market for Great Britain in India may be regarded as almost limitless. The two countries have much to give each other, consistently with the economic interest of both. remarkable

Political Obstacle. find of ore has been made at the

"But there are two serious ob- Witwatersrand Deep Gold Mine at stacles to the early realisation of Germiston A specimen weighing the economic ideal which all of us 517 ounces and which it is expect have in view. The frat is the ed will yield 75 per cent. pure acute political situation in India. gold was taken out of the upper An immediate settlement of the levels of the mine in No. 17 dis- constitutional problem is the only trict. This is probably the largest real remedy; but while All-India pocket of gold ever found on the Federation may furnish the best Rand. About two years ago at the eventual solution, it is not likely City Deep a specimen of no less to materialise in the near future. than half its size was found and it may not yet be too late for the was then regarded as something British and Indian Governments unique so far as the Rand is 'con- to find an alternative which may cerned.

The find was made right up until such time as federation be be put into immediate practice ogainat a dyke. There was no in-

comee £1 practical dication that the richness of the The second obstacle in the intense proposition. ore was otherwise than peculiarly hostility to British commercial in- local to the particular spot in which the find was made. Another it is directly traceable to the terests in India. A good deal of| Lustrous Oil Permanent Hair Ware piece of ore, really a split off from failure of British industrialista to which are Large, Soft and Natural the large piece, weighed just over Artistic Finger and Harcel Waves, Oil

identify themselves more closely

Autbarised Cupitat. Gallders £50,000,000 ALEXANDER

Fald-Up Capital

Bewerte Fund

- Guilder 80,000,000 Builders 40,015,000-

Head Ofna zmÁMSTERDAM",

Eastern Head Of∞:-DATAVIA.

Branches-andjermesta, Bandoeng, Bambay.

Calcutta, Cheribs, Djember,

Djok Jakarta, The Hugia”, Jidda, Xabe, Makassar, Medan, Palembang, Peka

longan, Prosos, Rangoon, Botterdam, Seniorong", Shanghai, Singapore, Soera

brale, Goerakaris (Bola). Togai, Tillatie

nad Weltevreden".

* These offices here Safe Deposit Bonna 10 Tæt.

LONDON DANKERS:-

NATIONAL PROVINCIAL BANK LID.

INSTITUT

DE BEAUTE

Phone 25169. Pedder Building (1st Floor)

Opposite Entrance to

Hong Kong Hotel.

Treatment, Shampooing, Henna Pack 100 ounces but this latter was not with Indian interests. Commer Cany colour), Hair Catting and Mani- nearly so rich. The current value care for Ladies and Gentlemen. Con- of the 517 oz. specimen, calculat-cial safeguards on paper, however Correspondents all over the world. Banking Dual scientious, Artistic Work by European ing it at 75 per cent, gold would perfect they might be, would be

Expert, Mr. Alexander.

2001 of avery description Trauunced.

А. БТОБКІНК.

Menager.

Hong Kong, Jat Dassmber, 1981.

THE

ose Government both at home and AMERICAN EXPRESS COMPANY,

abroad.

Hong Kong, 5th March, 1991.

'Head Offer:-YOKOHAMA,

.. Branches and Agencies at:

Alexandria

U.S.$1,458,118,79

سمات

Naples

Fariz Pesas -Puking Palerme

Bottards Home Blain boul

INC.

SHOU J. CHEN,

Manager.

Head Office: 65, Broadway. New York.

THE YOKOHAMA SPECIE BANK, LIMITED.

Capital Surplus Reserves

U.S.$8,000,000.00 U.S.$1,832,832.04*

Established 1889.

BRANCHES-

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

Amsterdam Aniver

Сов

Athans Besla Barin

Glasgow ESTADG

Blatile

Bombay

Bremen

Batavia Berlin

Nagasaki Nagoya

Newchwang

New York

Hambur KATIO Interlaken Jerusalem.

Ado Brussels

London Bamos Aired Liverpool" Cairo

Lucerne Calzulta

Lugo

Celacabo

Calcutta

Osaka

Canton

Paris

Chuangekua

Pelping

Dairen (Dalny)

Bangoon

Hamburg

Hankow

San Francisco Beattle

Kong

Bydney Tientaln Tokyo Cringtau

Bombay

Fengtien (Mukden) Rio de Janeiro

Karachi

Kobe

London Los Angeles

Manila

Marseilles Constantinople Monte Carlo Comnia.ga Manila

Paisborgs Melak

Woens

Садата

Meatres

Bhangha Boulampion Bingapor "Bt. Mart

*Tiantais

Vienna

Vulca Tokolums Zurich

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

All classes of Commercial Banking Transactions undertaken.

ך |

Personal investment - Rocounts | handied.

The Company, offers to intending Travallars the use of its "Travellers

Interest allowed on Current Cheques and Letters of Credit, azki,

ved for fixed periods of its thoroughly equip be obtained on application.artment.

in addition, the world-wide services;

CHARGES MODERATE.

A VISIT WILL CONVINCE YOU,

FOR SALE.

POSTAGE STAMP CATALOGUES FOR 1932

from

STANLEY GIBBONS

Part L -Part IL

be about £1,600. Recognising the

found to be illusory unless the British capitalist made up his

interest the find will be to geolog mind to identify himself more fats it is probable that the Com-

closely with Indiana in all pany will place it on exhibition for a few days before it is finally branches of industry.

crushed and refined. The find will

Indian Tes Preference,.. be a particularly welcome one to "I have not had sufficient time the Witwatersrand Deap Company on my return from India to study in view of the il-luck that it has the new British tariff, but prafer- recently experienced, last year's ence in favour of Indian tea is loss on the working. being £9,886. definitely a good gesture on the

-Hauter

part of the British Government and may help to create a better atmosphere. Most of the capital invested in this industry is" belloy- ed by Indians to be British, and to that extent ità beneficial effects may be discounted by Indian India will be public opinion.

$5.25

$8.00

Yvert & Tellier

.$6.00

Scott Stamp & Coin Co. $8.00

E

GRACA & CO. Dealers in Postage Stamps, Garden Seds, Philatelic Goods, etc.

No. 18, WINDHAM STREET, P.O. Box No. 680. HONG KONG

PHOTO SUPPLIES

Kedaks and Camaras.

Films, Plates and. Paners, etc. Developing, Printing and

ZIESS and BUSCH FIELD GLASSES,

CO.

BOARD OF TRADE,

Changes in Higher Appointments.

The following appointments, and more and more interested in the promotions in the higher admini-iron and steel industry, and it is strative organisation of the Board to be hoped that as a result of the of Trade have been made: Ottawa Conference a scheme will Sir Henry Fountais, K.C.M.G., be evolved by which she may be C.B. to be Second Secretary, to snc able to supply not only pig iron Gooded Sir Charles Hipwood, K.B.E., but semi-finished steel to Great who has retirada d

Britain in exchange for finished

Mr. E. J. Foley, CB, and Mr. time will not be able to produce E. H. Hodgson, C.B., O.B.E., to be or market economically." Under-Secretaries,

| Mr. T. St. Q. Hill, O.BE., Mr. |A. E. Overton, M.C., and Mr. W. B. Brown, C.B.E., to be Assistant Secretarios, gyps

Mr. J. R. WIlls, M.C., Mr. A. E. Løè, Mr. G. A G. Stanley, M.B.E., Mr. FHNorman, and Mr.E_W. Reardon, to be Principa

ILD, CERTIFICATES.

AN INTRODUCTORY HISTORY

A. H. CROOK, OBE, MA W. KAYMAZ

W. L. HANDYSIDE, M.A., B.86

NOW ON

At

FLAVOUR BESPEAKS QUALITY

MAC'S CAFE

HONGKONG HOTELS

SODA FOUNTAIN

SPECIALTIES Dispensed Under the Direction of a European

· EXPERT

All the Latest & Tastiest Ice-Cold Refreshingly Delicious SUMMER DELIGHTS

. Promptly od Attractively SERVED.

-

Your Particular Fancy ENJOYED

in an Environment Cool and RESTFUL

Also the Finest Delicately Flavoured & Richest ICE CREAM You Have Ever Tasted, Made" From Highest Quality „Ingredients. FROZEN FRESH

At Frequent Intervals.

THE HONG KONG & SHANGHAI HOTELS, LTD.

Overland China Mail.

A WHOLE WEEK'S No VSPAPERS IN ONE.

The great danger of a water shortage that has threatened the Colony, since the beginning of May, when drastic restrictions had to be enforced suddenly, was alle- vlated on June 15, when the withdrawal of all restrictions was decided upon at a conference of Public Works Depari- ment officials. This step was taken in view of an abnormal rainfall the previous day, which gave over five inches. Recently, to cope with the serious situation, group foun- tains were instituted, but these are to be withdrawn too. A full report of the shortage is contained in the OVERLAND CHINA MAIL,

-

Mr. A. A. R. Botelho, piloting Roda's City of Shanghal- home to pay the highest dividend of the day $224.60. put a fitting climax to the first half of the year's racing.sea- son at Happy Valley on June 11, when the Eighth Extra Meeting, was held. In spite of bad weather conditions, a bright tone prevailed throughout, and outsiders romped home in all events except three. There was a spill when Gallant Fox, ridden by Mr. W. W. Miles was crushed on to the rails and fell, throwing the rider heavily. The meet- ing, together with details of the season's racing, is published in the OVERLAND CHINA MAIL.

:

Hong Kong is to be the venue of a talking picture, en- titled "China Seas," which will deal with the piracy scourge on the China Coast, being laid chiefly in Hong Kong and Philippine Islands, Messrs. Ira J. Morgan and Roy Scott, both camera-men of Metro-Goldwyn-Mayer Studios, have been in the Colony taking the "atmospheric shots." An Interesting interview is given in the OVERLAND, CHINA MAIL.

*

The All-India Olympic Hockey eleven and World Champions passed through the Colony on the N.Y.K. Haruna Maru on June 9. A match with a representative Hong Kong team was arranged but owing to heavy rains had to be cancelled, thus depriving local hockey enthusiasts", of a golden opportunity of seeing Dhyan Chand, the wizard centre-forward, in action.

On June 13, the Philippine Olympic Delegation, com- posed of three swimmers, three boxers, and a high jumper, passed through. In the V.R.C. bath the following night, the visitors shattered a number of local records, when they competed against Hong Kong champions. · Detailed reports. of the visits are chronicled in the OVERLAND CHINA MAIL.A

•

Two Chinese, who privately advertised themselves as qualified dental surgeons in Queen's Road Central, were fined $200 each by the Central Police Court. Magistrate on June 16. For the prosecution, Inspector Murphy said that. the summons was the outcome of complaints received by the Government regarding serious cases resulting from unsuc-

· cessful operations by so-called dentists. The case is re- ported in the OVERLAND CHINA MAILANTE JA

*

There is no phase of the life of the Colony, or of Chisa that does not receive attention in the QVEELAND CHINA MAIL the weekly paper that YOU MUST ORDER NOWAD

READY NOW.

Mall via Suez Closes at 10:80 a.m., on Saturday, June 18.

SINGLE COPY.

OVERLAND

GAN