1932-07-04 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capitál, men som$80,000,000 Gawad said Fully Paldrup zemes 30,000,000 Reserva Funda 100

Storting▲ 11,100,000 $10,000,000

Bilrer

Basers Liability of Propriation 90,000,000

HEAD OFFICE, HONG KONG.

BOARD OF DIRECTORS:—

Hon. Mr. J. J. Pierson,

Chairman.

T. &. Pearse, Kaş.

Deputy Chairmas.

H. Compton, Esq.

M. T. Johnson, Esq.

#. Mişkin, Beq.

MOT

BANGKOK

BATAVIA JNIMIJAY CALCUTTA

CANTON CHEFOO COLOMBO

J. A. Plumme

T. U. B. Shaw, DIG

J. P. Warren, Zwa

V. M. Grayburn. Eng. Chiel Manager.

BRANCHES -

LONDON

}

LYONA

MALACCA

MANILA

MUAR Johore]

MURDEN

NEW YORK

PEIPINA

PESANG

RASCOUN

DAINEN

POUCHOW

HAIPHONG

SAIGON

KANDURG

SAN FRANCISCO

ILANKOW

SITANG HAT

KINGAPORE

SOURA BTA

RUNGEI PATANI

TIENTHIN

TOKYO

TSINGTAO

ELABRIN

HONGREW

12015.0

JOHORK

IODE

KOWLOON

KUALA LUMPUR

YOKOHAMA

Current Accounts opened is Local Curmory and Fixed Deposite. Ferdvod tanione pane, Dr shorter periode is Local Company and Blarlag pa terina which will be quoted on application. Hong Kong, th April, 1992,

HONG KONG SAVINGS BANK.

The Junizam of the above Bask is conducted wi ka HONG KONG AND BRANGHAT BANK- END CORPORATION. Ru1es may be obtained

FOR THE HONGZOND AND SHANGHar BLORING CORPORATION.

V. M. GRAYBUTAN.

Chief Manag,

Hong Kong, 27th February, 1912.

THE BANK OF CANTON, LTD.

Established 1912.

Head Offee-Hong Kong,

Authorised Capital (E.H. Currency) $1,000,000

Fald-Up Capital-b

Reserve Fund....

BRANCHES

Canton, Bhangbai, Hackor,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1859,

HEAD OFFICE: LONDON.

THE CHINA MAIL.

THE HO HONG BANK, LTO,

(Established 1917)

HEAD OFFICE:~SINGAPORE. Hong Kong Branch; 13, Queen's Rd. G.

Authorised Capital Straits $20,000,000 Issued Capital

Paid-up Capital

Reserve Liabilities of

Shareholders

Surplus *****

8,000,000

*4,000,000

4,000,000 2,587,000

Commerce and Finance

Branches, Agencies and Correspon. PROMINENT BUSINESS-

denta, in the principal cities of the world. ...ES,000,000 Every description of Banking and

£3,000,000 Exchange business transacted.

TAN ENG. HOOI, £3,000,000

Manager.

Paid-up Capital

Reserve Fund

Reserve Liability at Pro-

prietors

Agencies and Branches:

ALOR STAB

KUCHING

MADRAS

MANILA

AMDITSAB

BANGKOK

BATAVIA BOMBAY

CALOUTTA

CANTON

CAWNPORE

CEBU

COLOMBO

DELHI

MEDAK

NEW YORK

PEIPINO (Peking

PENANG

RANGOON

BAIGON

SEMARANG

HALPHONO

KAMBURO

HANKOW

HARBIN

HONG KONG

ILOILO

IPOK

KARACHI

SEDEMDAN

SHANGHAI

SINGAPORE

SITIAWAN

SQURABAYA

TAIPINO

TIEXTRIN

KODE

THE NATIONAL CITY BANK OF NEW YORK.

*MAN RETIRES.

Banquet at Sincere Company.

GERMAN UNITED STEELWORKS.

Decentralization Plans.

MONDAY, JULY 4, 1932.

“““YEAR OF OPPORTUNITY.

Mr. Chamberlain on Trade Expansion.

EXCHANGE RESTRICTIONS IN GREECE

Declaration of Foreign Debts.

London, May 25, London, May 80.

Attention is drawn by the De- partment of Overseas Trade to Lord Leverhulme, governor of Article 4, paragraph 2, of the Lover Brothers, Limited, and pre- Greak Exchange Law, which relates sident of the Advertising Associato debts in foreign currency con- tion, has received from Mr. Cham-tracted before the entry into force berlain, Chancellor of the Ex-was circulated by the Department of this law, a translation of which chequer, a letter conveying hia on May 18. This section requires good wishes for the success of the declaration of such debts to the Berlin, May 24. eighth annual Advertising Con- Exchange Control Committee at the In order to achieve a geater vention, to be held at Liverpool is to be made by both creditors and Bank of Greece. This declaration elasticity in their internal admini- from June 11 to June 15 stration, hitherto Impeded by an ex-

The debtors, and ls to Indicate the kind A banquet was held on the roof cessive centralization, and under the general theme for discussion at the and amount of foreign currency, the origin of the obligation, and all garden of The Sincere Co., Ltd., on necessity of reducing their work- Convention is advertising in "Brother relative facts, and must be. Thursday evening on the occasion ing costs to the lowest possible level tain's Year of Opportunity," a accompanied by the necessary sup- of the retirement of the Chief consequent upon the heavy fall in

yariant of the phrase "England's porting documents (such as in- Manager of the company, Mr. David their output, the United Steel-

Year of Opportunity," which the voices, bills of lading, Customs re Chen See. Many laudatory speeches works at Dusseldorf have taken Chancellor of the Exchequer used ceipts, &c.). were made in reference to Mr. Chen steps to effect a decentralization of

Declarations in a recent speech.

required by the law to be lodged See's exceptional ability as the their internal organization by unit-

Mr. Chamberlain wrote:- active and most responsible head of ing the various branches of pro-

within one month from April 28, the company which is one of Hong duction of Iron and steel in groups, our year of opportunity I had parti-intimating that while it is highly de- "In speaking of the year 1982 as but notification has been received SETTLEMENTS Kong's largest department stores. according to their location. This

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$225,503,776.00

·Branches in

ARGENTINE

BELGIUM

LONDON

MEXICO

BRAZIL

PANAMA

CHILE

PERU

TONGRAIL (UkuTest)

J

CHINA

PHILIPPINE

KLANG

THINGTAO

YOKOHAMA

ISLANDS

RUALA LUMPUR

ZAMBOANGA

PORTO RICO

Foreign

Exchange

STRAITS

and

General

REPUBLIC INDIA

TAPAN JAPAN

"

Banking business transacted.

Current Accounts opened and Fix-

ed Deposits received for one year or shorter periods at rates which will be quoted on application.

J. STUART,

Manager.

Hong Kong. 11th April, 1939.

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.

8,065,000

144-150, Des Voeux Rd. C.

1,100,000

Swalow,

Bangkok, New York sad Bag Prancisco.

LONDON BANKERS:-

The Lloyd's Bank, Lunited.

CORRESPONDENTS

to al principal titles of the World.

Foreign Exchange and banking business of

wser description, led,

Safe Deposit Boxes (vacious viso) ni a yearly

rectal of from 0 to 540.

LOOK POONG SHAN,

Chlef Manager.

THE BANK OF CHINA.

豆銀

Reorganised October 26, 1928, under

apecial charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital.....$25,000,000,00 Pald-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- gortant commercial centres of the world, we are able to extend to our clients special facilities for domestic

and foreign banking and exchanges.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING NOCIETY)

BANKERS.

Established 18:24.

Hong Kong' Oos:-11, Queen's Road 'Central.

ཡ

MR. CHEN SEE FETED.

were

URUGUAY

Fourteen years ago Mr. Chen See is a similar arrangement to that of cularly in mind two things. First, sirable that a brief statement of VENEZUELA

with his entire family returned to their four groups of coalmining that we had already re-established outstanding debts should be lodged Commercial and Travellers' Letters China from Western Australia, interests, which were established at our own confidence in ourselves and by that date, registration, may be of Credits, Travellers' Cheques, Bills where he had become a well known the time of the concern's founda ur position in the eyes of the effected up to July 26. of Exchange and Cable Transfers merchant and one of the pro- tion at Hamborn, Gelsenkirchen, about to pass into law measures for for the payment of these outstand world; and, moreover, were then In this section provision is made bought and sold. Current accounts minent citizens of Fremantle, Bochum, and Dortmund,, and Savings Bank accounts opened and the capital of Western Australia.

the protection of our producers injing obligations by instalments, the Owing to the Deposits in Tocal and foreign

successful expert the home market; and, secondly, proportion being determined by the taken at rates that may be He was a kind of elder brother to|ment made since about a year that, building on these duties upon Exchange Control Committee on

Fixed

cd on application to the Bank his compatriots there and his pur-jwith the formation of the "Steger foreign imports, we should pre-jeach occasion for each debt.

WA

R. M. MCLAY,

Hong Kong, May 19, 1932.

Manager,

It'

are also able to offer our Cus-pose then. in returning to China, land Group," in which their thin & of the International Banking Corpora- ready a success.

tomers the services of the Branches was not commercial, for he was al-plate interests were combined, the gently be entering upon an Imperial is understood, that in general the tion In Spain and also of The

His real object United Steelworks have now decid-conference at which, for the first percentage remittance likely to be National City Bank of New York (France), was to give his children a Chinese ed to form a separate productive time in our history, we should be granted will be 10 per cent.ach S.A., in Paris and Nice,

education under capable Chinese in- and administrative community in able to meet the other partnera in six months. structors. It may

be said here the "Smelting-Works-West," with the Empire with offers of preference Drachmas held in blocked deposit that before his last return to China ita seat at Hamborn, including the for their products in return for accounts in Greece are now at the Mr. Chen See only broke his sojourn works, situated on the Rhine (ie., similar preferences upon our ex-free disposal of the holder for pay- in Australia once--when he re-August-Thyssen-Hutte, Hamborn- ports to them. In my opinion these ments in drachmas, but transfer turned after the first couple of years' Hutte, Ruhr-ort-Meiderich, Hoc- conditions offer an unequalled op-abroad in foreign exchange will only THE BANK OF TAIWAN, LTD, in order to bring his wife along hofen Huttenbetrieb Meiderich, portunity for the expansion of our be permitted by the Exchange Com-

with him. (TAIWAN GINKO.)

A dutiful, lovable wo-Hutte Vulkan, and Niederrheiniche trade, both at home and overseas,mittee in accordance with the a "Foundries and I have no doubt that our mer- stipulations of Article 4 (paragraph seat at Mulheim, chants, manufacturers, and agri-1) of the law.

Authorized Capital .2. £50,000,000 Paid-Up Capital'

.. 80,080,000 Reserves

.1. 20,016,000

Ursaches

Hand Offon-AMSTERDAM", Eastern Head Of:-BATAVIA,

Bandjarmasin, Bandung, Bambay Calcutie, Charbon, ember, Djok jakarta, The Bagua", Jiddah, Kobe, Kabassar, Medan, Palambacz, Pila loogan, Prag, Rangoon, Rotterdam*, Bemaring", Shanghai, Singapore, Boers bala, Courakaria (Solo), Tags, Tatjap mad Waltevredea". Thome office have Safe Deposit Boxes to Lel

LONDON BANKEDS;— ́NATIONAL PROVINCIAL BANK LID. Correspondents all over the world. Banking Buri- d of Tazy description transacted.

1. STOKKINS, Hong Kong, 21st June, 1932.

THE

Manage

We also handle the issue of Bonda AMERICAN EXPRESS COMPANY,

and other Public Funds of the Chin- ese Government both at home and abroad.

Hong Kong, 5th March, 1931.

INC.

SHOU J, CHEN,

Manager.

Head Office: 65, Broadway. New York.

Capital

THE YOKOHAMA SPECIE BANK,

Surplus

LIMITED.

Extablished 1880.

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

Reserves

.U.S.$6,000,000.00 U.S.$1,832,832.04 US$1,458,116.78

BRANCHES

O

Nice. Naples Prepa Paria Pensag Tedio Palatme Bordam Boe

Glasgow Havens Hamburg

Interlaken Jervazlam Lido London Liverpool

Amsterdam Antworp

Abou

Barka

Marria

Borabay

Bremen

Brussia

Banor Air

Nagasaki Nagoya

Ukira

Legen

Calcul

Legs.no

Cannes

Newchwang

Colombo

New York

Head Office:-YOKOHAMA.

Branches and Agencies at: Alexandria

Batavia

Bezlin

Bombay

Osaka Paris Pelping Rangoon

(Dalny) Fengilen (Mukden) Rio Hamburg

Hankow

Harbin Eost Rong

Honolulu Kal-Yuen Katachi

London

Los Angeles.

Menila

edunts.

de Janeiro San Francisco Seattle Semarang

Continople Monia Carlo

Copenhagen Manila:

Editaborgh Manish Florens

MOBIRICE Milan

Stamboul - Shanghai Bonhampion Singapore

or Maris Tianisla Vissza Valor Tokohama

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

"

4

AShimonosh

Slugspore

Bderabaya

gydney

Tlentain Tokyo Taingtan

Interest allowed on

All classes of Commercial Banking Transactions undertaken.

Personal handled.

HEAD OFFICE:-Talpek, Formosa, Incorporated by Special Imperial

་

Charter, 1899.

man from B neighbouring village, Hutte). as well as his wife proved a real help to him. Group," with its

Presentation.

on the Ruhr (comprising Friedrich cultural producers will take full ad- It is reported that outside deal- Later he was transferred to the Wilhelms-Hutte, Schalker Verein, vantage of so favourable an openings in foreign exchange are being head office of the company in Hong Giesserei des Huttenbetriebs Meide-ing, not forgetting that, without curtailed. Central Bank In Formosa,

The rate fixed by the Bank-Notes freund Average amount Yes. 15,000,000 Kong in order that he might have rich, Concordiahutte, Glesseret Hi- adequate publicity, the world can- Bank of Greece for exchange trans-

BRAKOHES AND AGENCIES: JAPAN —Tokyo, Yokohama, Kobe, Osaka.

Giesseret greater scope for his now widely re-den,

Wanheim,

and not be expected to realize the actions was recently 540 drachmas FORMOSA:

Kagi Karenko, Restang, cognised business acumen,

As Zementfabrik Vulkan). It is exauperiority of British products." Ito the pound sterling. Makou. Nanta, Ghiocbiku. Talch, Teen long forecast by his fellow diree-pected that the foundation of other Takao, Tamrol. Toen Hello, Tailo CHINA: Bhonghai, Hankow. Amoy., Foochow tors and admiring associates, he groups such as for tubes and rolled

Swalow, Canton, OTHERS-Hoog Kent. Singapore, Boerabaya, was one day unanimously elected to wire, will follow in due course,

Semarang, Batavia, Bombay, London, Now fill the very responsible post of chief

York, Deirra.

LONDON BANKERS

Barclays Bank, Ltd., Lloyds Bank, 143. Midland Bank, Ltd.. Westminster Bank, Ltd. The Hank has Correspondents in all the principal Commercial Centre throughout the world. K. NAOURA.

Manager

KONO KŪNO DRANCH;'

3. Dea Vout Road Central, Hong Kong. December 24, 1981.

For

TONE, QUALITY,

BEAUTY, DURABILITY,

obtain the

MORRISON

PIANO

(Guaranteed ten years).

FOR SALE OR HIRE

at

TSANG FOOK PIANO

COMPANY.

8, Des Voeux Road, Central.

(Entrance Tes House Street)

Telephone 24648.

LATEST, INVENTION......

· LONDON SILVER PRICES.

London, July 2, Closing silver prices in London to-day were:

July 1. July 2. Spot 16-11/16 16% Forward 16

16-11/16 The London on New York cross rate was quoted £1-G8.57%. CANTON EXCHANGE.

manager of the company with bun- dreds of employees under his con-) trol, This position he has held for the last three years.

An immense stride made by the company during Mr. Chen See's administration was the increase of capital from $7,000,000 to $10,000,- 000, resulting in the increasing con- fidence of the public in the goodwill and stability of the establishment.

As a token of the honour and high) Canton Central Bank notes were esteem in which Mr. Chen See is quoted at the Chinese Exchange held among his associates and em- here last evening at 55.2 per cent. ployees he has been presented with while Hong Kong dollar notes in a large silver urn, exquisitely carved, exchange for Kwangtung silver which will be regarded as one of his were at a premium of $482 for each most treasured possessions.

$1,000.

Secret of Success.

Asked what, in his opinion, are the true qualifications for success and progress Mr. Chen Ses answer- ed that first and foremost was har- mony and goodwill between employ-

NEW ISSUE:

Branston Artificial Silk.

An offer is being made to share-

er and employee, steadfastness of holders of Branston Artificial Silk parpose, fairness. to everyone, and Company and others of £75,000 of thrift.

16 per cent. Debenture stock at Mr. Chen See's retirement carries par... the sincerest and heartfelt wishes! In a circular to shareholders the of all his friends, colleagues and ae-directora state "that it is essential quaintances in that he may enjoy a if the company's valuable property well earned rest after his atrenuous is to be preserved with a view to Inbour

GOLD MINE BOOMLET.

Why Westralian Shares Have Attracted Notice.

London, June '1.

the re-establishment of the com- pany's activities that the debenture stock now issued shall be fully sub scribed,"

The Alliance Assurance Company, the present mortgagees and deben- ture holders, are insisting on the repayment of their loan, Interest, and charges

7

An' outstanding feature of the company through the receiver that The mortgagees have informed the Stock Markets recently has been the they have received an offer for the strength of the Westralian Gold freehold land, works, buildings, Mining section. In the past two plant and machinery of £100,000, weeks some of the shares have which they are seriously consider- doubled in value. Big Australian ing. The company's property stands buying has been in progress and in their books at the net figure of the market has been stimulated by 2871,795. It is at present insured the publication of some good by the cables GT/

mortgagees for

A marked revival and activity |

has taken place in the Kalgoorlie

| £600,000:

Goldfold in the past few months ALEXANDER

owing to the granting by the

American Chemical Diamonds. Federal Government of a gold INSTITUT

diamondes Inventment accounts add, cinta

The

Company offers to inte Travellers the time of Its Tra

Current Acquas and Letters of Credit:

In addition, the|||world-wide services

Deposita received for fizel periods of Its thoroughly equipped Travel Des

at rates to be obtained on application. partment.

Mod Manager,

Hong Kong, 11th Marchief A

DUGGAN,

These diamonds are bonus up to 20s. per ounce on gold DE BEAUTE aqual to réal diamonds produced in excess of the average

in

of fastre, hardnews, ott

Can

Froot

***Pedder Bulldiar

(Lat. Flour) Opposite Batrance to Hong Kong Hotel

all respect total production for three years: Phone 25169. Specially in brinisney 1928, 1929, 1880.LARE PART

Some of the companies have been was like real agamat free fle, making arrangements for opening stephens, dimends up old workings and it would hot Fodor be surprising If some of the smaller

companies were taken aver

These possible developments Are Pasulting in speculative int

kan In the small com

over

Natural

DAILY CROSS-WORD

PUZZLE.

(This cross-word puzzle has been "fade" by dn esport but our readers are warned to look out for occasional phonetia spellings, such as harbor, plow, and altho...)'

$3 编

177

22

34

37

138

146

Horizontal.

1-Tho hunting-leopard

S.. W. Asia. 6-To handle elumally, 11-To delete (Print).}

12-Mountain range bet, Europe

and Asia. But, 18-Bird of pray

15- Bead.

17A dish made with eggs.

19--Hybrid bet, buffalo and

domestic coy,

20-To take an attitude.

Spanish for "ane.”

22 Sum

denoting inflammation: 28-A kind of ship, (abbr;)..

24 Ples.

Ons (Scotch).,

English (abbr.).

Nr 29 – Musical note, NC

"(2) SlAn African antelope,

38 Exist

86--Left hand (abbr.).

noto

Big America: 49.4 Turks or Coll

Anger

Vertical

1-Ancient Egyptian Kir

bullt first pyramid, 2-Moves little by little

wise.

BA bank official. 4To the lee side,

Personal pronoun, : 6-Full (Scot).

A she-bear 8-Girl's name.

(Latin).

6-To paff up or swell. 10-Display openly. 14A

A minor.

medley Cask.

19—Small bed.

27-Atmosphere.

29People of ancient Rome. 30

842ing-shaped.

board,

82 German for “an

88-Part of- varb:

a form),

34-Trip

made to

25 In phonetics aspirated.

Bégini Pack or aw -An“older.

(abbr:1 (abbri