1932-06-22 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital $50,000,000 Imved and Fully Paid-up ma **** 20,000,000 Besarro Funda-

Berling

mianoun £ 5,506,009

$10,000,000

Becerre Lazbility of Proprietors 30,000,000 HEAD OFFICE, HONG KONG,

..

MARD OF DIRECTORA

Hon. Mr. J. J. Patora. Chairman.

T. E. Peuron. Eng. Deputy Chairman.

Hem. Mr. W. Z. Ball, ▲ H. Compton, Eay. M. T. Johnson, Eaq. 9. Miskiz, Ess.

CALCUTTA CANTON CEPROO

COLOMBO

J. A. Plummer, Esq.

7. H. X. Bhaw, Eng.

J. P. Warren, Esq.

V. M. Grayburn, Esq. Chlot Manager.

BRANCHES:-

LONDON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

THE HO HONG BANK LTD.,

(Established 1917.) 14

THE CHINA MAIL

HEAD OFFICE: SINGAPORE. Hong Kong Branch: 18, Queen's Rd. C.

Authorised Capital Straits $20,000,000 Issued Capital........... Fald-up Capital Reserve Liabilities of

n

8,000,000

/s. Shareholders ****

1.

4,000,000

17

4,000,000 2,687,000

11

Commerce an Finance

Branches, Agencies and Correspon- BRITAIN AND GOLD

dents in the principal cities of the

.£3,000,000 world.

Every description of Banking and .£9,000,000

Exchange business transacted.

TAN ENG HOOL, .23,000,000

Manager.

Paid-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors....

Agencies and Branches:

ALOR STAR

АМВІТНАЛ

KUCHING

MADRAS

BAROKOK. BAT&VIA *DOMBAT

CALCUTTA DANTON DAWNTORE CEDU

COLOMBO

DELHI

HAIPHONG

HANKOW

MANILA

JPBDAN

NEW YORK

PEIPINO (Paking! PENAXO

RANGOON

THE NATIONAL CITY BANK OF NEW YORK.

HEAD' OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$285,503,775.00

Branches in

ARGENTINE LONDON

SAIGON

REMARANG

SKILEBAN

HAMBURO

RHANGHAI

BINGAPORE

TIARBIN

SITIAWAN

KOURADAYA

BELGIUM

MEXICO

ILOMO

TAIPINO

BRAZIL

PANAMA

RAЛACHI

TUNARAIL (Bhicket)

CHILE

PERU

KLANG

TRIKOTAO

CHINA

ТОКОНАМА

KUALA KANGSAR

ZAMBOANGA

KUALA LUMPUR.

CUBA

COLUMBIA

PHILIPPINE

PORTO RICO

DOMINICAN

REPUBLIC

MALACCA

MUAR (Johor)

HONG KONG

KONE

PENAND

AMOY IBANGKOK

LIONS

MATAVIA KYM BAY

MANILA

MUKDAN

NEW YORK

PEIPING

DAIDEN POOCHOW BATPHONO

HANGOON

HAMON

HAMBURG HANKOW

HAN FRANCISCO' ***

SHANGHAI

SINGAPORE

HOURADYA

SURGE PATANI

TIENTRIN

TRINOTAO

FARBIN RONOKEW

ILOILO

IPOM

JOKORK

RODE

KOWLOON

KUALA LUMPUR

TOX YO

YOKOHAMA

Current Accounts spared to Local Currency mad and Deposita seculed for one a F aborter perloin in Lol Company and Sterling a termy which will be qualed on applicatio Hong Kong, th April, 1982.

HONG KONG SAVINGS BANK.

conduled

The Busloom of the above Bank by the BONG LONG AND SHANGHAI BANK TG OORPORATION.- Bass-may be strinized

applienkov.

FOR THE NONGKONG AND SHANGHAI MANTING CORPORATION.

V. M. GRAYBURN,

Chief Manager:

Hong Kong, 27th February, 1933,

THE BANK OF CANTON, LTD.

Established 1912.

Head Offee-Hong Kong. Authorised Capital (H.K. Curvaney)...$11,000,000 Paid-Up Capital EYE Be Fund

BRANGILES:--

Foreign

TIESTAIN

Exchange and General

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

Banking business transacted.

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

ISLANDS

STRAITS

STANDARD. Stern Warnings to the Government.

;

DOLLAR REMAINS UNCHANGED.

Local Market Lifeless.

8

OFFICIAL EXPLANATION.

The Hong Kong dollar remained unchanged at 1a. 8d. yesterday London, May 27. and the total market still had American reports that Britain lifeless aspect.

'Silver was down 1/10th in Lon- contemplates returning to the gold

don, both spot and forward. China standard have aroused the fighting bought, and sold, and on a quiet spirit of the adherents to the pre-market there was small business. sent policy, which was manifested in After the official fixing, the market stern warnings to the Government ruled steady, with buyers at the

quotation or slightly over. Commons against in the House of any departure from the present

SETTLEMENTS state of affairs. URUGUAY

VENEZUELA

In authoritative circles any such intention is stoutly disclaimed, but

Commercial and Travellers' Letters the City is mystified, by the sudden of Credits, Travellers' Cheques, Bills

of Exchange and Cable Transfers move, of the Bank of England pur

Current accounto chasing large quantities of gold. bought and sold. and Savings Bank accounts opened and

It is understood that within the Fixed Deposits in local and foreign currencies taken at rates that may be past week the Bank bought slightly

Bank. ascertained on application to the

We are also able to offer our Cus-over eight million sterling worth of tomers the services of the Branches

& of the International Banking Corpora- gold from the United States, and

$19,000,000

EFFICIENT-TRUSTWORTHY—

8,085,000 1,100,000

RELIABLE COURTEOUS.

|

Bwalow, Coto, angkai, Haukow Bangkok, New York, and as Francisco.

LONDON BANKENS:-

The Layd's Bank, Limited.

CORRESPONDENTS

Is all principal cities of the World.

Foreign Exchange and becking blames of

a description transacted.

Bata Deposit Botos (Tarious sinen) si a yearly

eata of from 15 to $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- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital...$25,000,000,00

Pald-Up Capital

Reserve Funds ......

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

ВЛИКЕНА.

Established 1814.

Hong Kong Officer), Queen's [toad Central.

Authorized Capital .f. 160,000,000 80,030,000 Pald-Up Capital Reserves

1.20,015,000

Hand Office-AMSTERDAM”. Santera Head OfcATAVIA.

Brancho-Basedjormale,

Manager.

WEDNESDAY, JUNE 242 A

DAILY CROSS-WORD PUZZLE.

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

In New York, silver had declined ath, on-an easy market.

156

The cross-rate showed a further decline to 3.60.

160

LONDON SILVER PRICES..

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

Spot Forward

June 20 June 21

16-15/16. 17

17

17-1/16 The London on New York cross!

rate was quoted 41-G83.6032.

CANTON EXCHANGE. Canton Central Bank notes were

tion in Spain and also of The National the immediate effect of this has quoted at the Chinese Exchange City Bank of New York (France), been a rise in sterling and a de- here last evening at 54 per cent. S.A., in Paris and Níce.

while Hong Kong dollar notes in ex- R. M. MCLAY. preciation of the dollar on the for-change for Kwangtung silver were at a premium of $426 for oachi eign exchange market. Hong Kong, May 13, 1932.

The official explanation, however, $1,000. THE BANK OF TAIWAN, LTD. is that the large unexpected bullion

(TAIWAN GINKO.)

HEAD OFFICE-Talpeh, Formosa

Incorporated by Special Imperial Charter, 1899.

Central Bank la Formare, *

purchases are for the purpose of the Chancellor of the Exchequer's equalisation fund of £150,000,000, the object of which is to control:

Thank-Noton issued Average amount Ten. 45.000.com foreign currency exchanges and to

BRANCHEB AND AGENCIES: JAPAN:-Tokyo, Yokohama, Kobe, Ouska.

Makcos, Nao, Shinchiku, Taichu, Taioan, Tabus. Taanut. Toes, Heilo, Tato CINA:Shanghai, Hankow,

Swatar, Canion. OTHERS-Hong

Kong.

LONDON BANHERS,

York, Dairen. Barclays Bank Ltd.. Lloyds Bank, Ltd. Midland Bank, tid. Wastminster Bank, Lid. The Bank has Correspondents in all the principal Commercial Centres throughout the world. K. NAGURA,

prevent undue fluctuations

in

JAPANESE EMENT. Shippers Hit By Increased D.E.Ï.

Japanese cement manufacturers may establish an export guild in order to promote their common interests, particularly in the Dutch Indies, says the Japan Chronicle of May 18.

→

18

19

码

21

26

41

146

HORIZONTAL -

1-Wrathful 6-Fathers

11-Combining form.

Briatie

12-01d, woman 13-A fance of stone 14-Tardior 16-Poster

17-A constallation 18-Obliterating 23-Elongated fish 24-Ascenda

20-Wild 28-Snares 29-Combining form.

31-Right (abbr.). 32-A church festival 30mA

game played on horseback

36-Affirm 37-Indifference

,40-A measure of weight

(abbr.)

41-Daughter of the

American

HORIZONTAL (Cont.) 4-A nowor

47-The nostrils 50-Tavern

52-A bird

|61-Chinese plant [65-Famous Hindu

55-Produca

60-Lyrle poant 61-Correded

62-A tarm in pinsolė 63-Staggore 64-Liquid in fing particles

VERTICAL

4-The Muhammadan

religion 2-The and 3-0 of rose petali 4-Bind 5-Crowd

7-Beard, ae of wheat B-Body of persona

composing a jory 9-A drug plant.

Revolution (abbr)10-Craftily

42-Imaginary (abbr) 115-To set again

15

36

48

My

54 155

58

152

64

VERTICAL, (Cont.) 16-Approve 19–8óak, as Bax 20-Concur 21-Although

22-Trim 25-Raide {27-Adjust

30-Jump

|33-Starting suddenly

to one sida

34-8 ench

38-An Italian prima

donna 35-Any open space 40-To Linger 45-Girl's name 14-A jungle animal 45-Peminine name 40-Royal Navy (abbr.) |48-To guide one's

.course

49-A receptacle for tox 51-Back of the neck 153-Performa

55-Girl's name 167-Doctor of Civil Law.

(abbr.)

{69–Mischievour child

(The solution of the above cross-word puzzle will appear in to-morrow's issue along with a new cross-word puszis.) ·

YESTERDAY'S SOLUTION.

AMAS SLAN

AB

LEG PONDGA TROT W1OTS STARE

FORMOSA :-Uran, Kagi. Kamalo, Keelung sterling which might disturb trade.

Financial circles, while here and Amy, Fochow,

there recognising the abandonment Bingeport. Skarabaya.

In Java, forty per cent. is sup-tives of the Mitsui Bussan Kaishading. Gemsent. Batavia, Bombay, London, Now of the gold standard has failed to plied by a local cement company and (agent of the Onoda Cement Com- have many of its predicted hopes forty per cent. is Japanese. Anxious pany) and the Asano Cement Com- for beneficial results, do not believe to protect the domestic industry, pany visited the Department of the Javanese Government has now Commerce and Industry and 'dis- the Bank or Government intend raised its import duty, and Japan-cussed the matter with Mr. Terao, chief of the Trade Bureau. The departing therefrom, at any rate at ese shippers are being hit. Macoger

presen Even advocates of a re- The best thing for Japanese Department of Commerce and. In-

to turn to the gold standard do not traders

is do

arrange dustry is ready to do everything in believe that Britain should go back with the Javanese Govern its power to assist these mills to

to to the parity upon which sterling ment abandon

high- establish an export guild. It is stood in September last, but pin her er duty by setting restric-communicating with the Javanese faith to the adoption of a different tion to the import from Japan, or Government. parity.

to enter into an agreement with the The establishment of an export Javanese Government for a prefer-guild has often been planned, but ential tariff. For that purpose, the each time shelved. It is significantį tablishment of an export guild is therefore that large milis are en- ghly desirable..

thusiastic over the scheme, even if

LONG KONG BRANCH:

B, De Vaux Road Central. Hong Kong, December 24, 190).

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE ;

18, Gracechurch Street, London, E.CA

Authorised Capital

Subscribed Capital

Paid-up Capital

.£3,000,000 1,800,000 1,650,000

Reserve Fund & Rest. 1,217,927 BANEERS:

The Bank of England & Midland Bank, Ltd.

BRANCHEA:

Ipol Kandy

Penang Port Louis

(Martin) Rangoo Shanghai

..$24,710,200.00

.$ 3,820,503.82

Bandooog*, Bombay Calcutta, Cheriton, Djember, Diok- Jakarta, The Hague, Fidda, Kobe, Makassar, Medan, Palembang,' Fake- Longan, Penang. Bangoon, Rotterdam”, Remarang, banghet. Singaporn, Boera- bais. Gerakarta (Solo), Tegal, Tjijep And Wellardon".

Bangkok

Baleria

Bombay

Karschi

Cafoulia

Rota Bharu

Colombe

Kuala Lipi

Delki

Kuala Lumpur

Thean office hare Safe Depoeli Bates to Let

Calis

Hont Eart

Madras

Bourabaya

Коктей

Now Tork

HONG KONG BRANCH.

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our numerous branches in Chim and large connections in the im- portant commercial centres of the world, we are able to extend to our cllents special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds; and other Public Funda of the Chin-:

LONDON DANKERS :——

Simil

Kuantan (Fabang) Singapore

NEW YORK FACING BANKRUPTCY.

Strike Threat by Taxpayers.

sre

New York City is on the verge of bankruptcy. Taxpayers NATIONAL PROVINCIAL BANK LID.

threatening to follow the example Every description of Banking and Exchange basof Chicago and strike. Carrependable all over the world. Banking Business transmod zas of avery description trazasolod.

Travellers Chaqum Isaued, A. STOKKINK,

Hong Kong, 21st June, 1932.

THE

Manager.

ese Government both at home and AMERICAN. EXPRESS COMPANY,

abroad.

INC.

Head Office:-65, Broadway. New York.

:

SHOU J. CHEN,

Manager. Hong Kong, 5th March, 1981.

Capita Surplus. Reserver

THE YOKOHAMA SPECIE BANK, LIMITED.

U.S.$6,000,000,00 ..U.S.$1,882,382.04

.U.S.$1,458,116.78

Opponents of the city administra- Trustee and Executorships under tion declare that the present posi- taken.

INTEREST allowed cu Current Account and tion is due to waste and extrava-! Fixed Deposite at Bases that may be sealed gance. The Mayor, Mr. "Jimmy"" on application

J. B. ROSS, Walker, has been warned that dras- Managetic economy alone can save the

city.

7, Queen's Road Central.

Hong Kong, 7th April, 1982.

ALEXANDER INSTITUT

DE BEAUTE

Phone 25149.

Fedder Building

The highest Budget in the history of the City-$140,000,000--has been met only by borrowing to the limit of éredit, and placing a burden on taxpayers which they now declare to be far too heavy. Bankers have Informed city officials that they will advance no more money unless there is a pronounced saving in the Cost of city government.

to

the

a

A few days ago the representa- only for the South Seas markets.

||21,79

77.50

SORC PLOD CON 3 NA ATO THARINA

AO.FC. Average of Shanghat Stocks

TOST

Tutte

BEDRA SENTATIVE

121.00

$24.75

1991-

Established 1880.

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

.Yen 117,800,000

Head Office:YOKOHAMA.

Branches and Agencies at:

Nagasaki Nazoya Newchwang

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Sean chan

Dairen (Dalny)

New York Osaka

Pari

Painop

Fengtien (Mukden) Rio Hamburg Bankow

Kiong

Honoluluw

Tuên

London Los Angeles

de Janeiro

Seattle

San Francisco

Semarang

Singapore

Soerabaya Bydney Tientsin Tokyo

Taingtan

Antlarda Antworp

Athana Taala

Berlin

(Let Floor)

DRANCHES.

Opposite Entrance to

Bapa Glasgre

Nice

Hong Kong Hotel.

Naples

Em

Kamburg

· Havre

Parts Pos

Interlaken Jersalam

Bombers

Teasaic Buenos Aire

Calouste

London Jávurpool Escarg Logino Cannes Cr Üstambe

Maroon Conabatinopla Moule Carlo Copenhage Mantia Kifimburgh Hatcl

・Montreus

Milan

Paling Palermo

Boardan

Be

Stamboul

· Bhanghai *** Bapt Blagapor

Et. Morita Teicheln Vienna Velbe Yokakama

Branches of American Express Comi-] pany in Principal cities of United States of Amerses and Canada.

All clasps of Commercial Banking Transactions undertaken

$3.75

The

|23.30

Mayor, Mr. "Jimmy" Walker, has also been told that 'his saving of!

(R230)

|un)

SETS

Lustrom: Of Permanent Hair Waves 2800,000 is a mere drop in the which are Large, Soft and Natural, Artistle Wingu and Marcal Waves, Oll ocean, and is by no means satisfac- Treatment, Shampooing, Hans Pack tory bowe (any colour), Hair Cutting and Maul- care for Ladies apd Gentement Con wentious, Artlatle Work by European Expert, Mr. Alexander, J

CHARGES MODERATE A VISIT WILL CONVINCE YOU.

LATEST INVENTION: American Chemical: Diamonds,

Danger of Collapse,

City taxes, are levied on the as- sessed value of real property, and as the new assessed values" are expected to decline 10 per cent, in view of the business depression, the city's revenue will decrease by that amount, thereby increasing the danger of economic collapse.

vy These diamonds Are Mr. Wallker has promised to

The piece goods market also res

Shanghal, June 14tion market-wise would not be qual to real diamonds effect greater savings if he is shown Price movements on the Shang-fundamentally improved by a ports a quiet week. Dealers, how- In all respects the way. That way, he has been hal Stock Exchange wore irregular sharp technical rally, even though ever, appear rather optimistic, re- Specially in brillany Informed in plain terms, is to dis- during the past week with trading such a development might relleve garding future prospect of the of histro Mersiness, ate

glass like rest miss thousands of employees ap volume severely restricted. On sentiment temporarily From a market, and it is considered that free poluted by political favour, who Monday the Market continued to fundamental viewpoint it would with the fall in the Yangtze diamonds. "Proof Personal investment accounts weld, water, oil, sicut These diamond do nothing except draw their indicate the presence of liquida be more encouraging to see that River during the past few days, handled his

be, washed with soap and water

tion,

the A.0.FC. ver, the dedation of securities has been and the consequent removal of And can be used for more than 100 salary every fortnight

$7.5

ands; of Shanghai, Lands

that Oblin Realty changed hands i

1801 Arams were done aw29,70 TEWO The ward under pressi

worries of the city age: The Company ouers to intending years. Príos per "carat": Travellera raspund of its "Travellers Terms Cath or G.O.D.Thors who are increased by the Interes allowed on Current Ac Cheques and Letter of Credit: and, purchase diamonds to the value of the one

In addition, the world-wide services H.K.450 or mora-

at rates to be obtained

Hone Hour

$1982;

of its thoroughly equipped Travel De-count Bends your partment.

EW. DUGGAN,

20% dis

Lands:

dering: mention sching

the gen flood apprehensions, there is mow

completion, ot a

or the Au-

tumn-season.

course, the stabilityh

田站

ing for.

Corks fall wyarn, shares having buyers beer ir during the last six at

structive base upon more than 25,000,00; 7: Lei Tair to say that the situa: an accumulation program