1932-07-13 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

Lossed and Fully Pull-up

Born Funds |—

Resorts Liability of Proprietors $20,000,000

HEAD OFFICE: HONG KONG.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

THE HO HONG BANK, LTD.

ANAK

(Established · 1917)

HEAD OFFICE:--BINGAPORE LOOAL BRANCHS-

'13, Queen's Road Central

Authorised Capital Straits $90,000,000

Issued Capital

Berling

5000 nema. 26,990,100

£6,500,000 $10,000,00

HEAD OFFICE: LONDON,

Paid-up Capital

.£8,000,000

Reserve Fund

Reserve Liability of Pro-

BOARD OF DIRECTORS —

pristora

.$8,000,000

..$3,000,000

Agencies and Branches:

ALOE STAN

AMRITSAR

KUCHING

Hon. Mr. J. F. Paterson.

Chairman

T. E. Pearce, Esq. Deputy Chairman.

Blog. Mr. W. 1. Bell,

A. H. Compos. Rec. BT, Jobákon, Esq;

Miskia, Mag.

AMOY

BANGKOK

BATAVIA

GALCUTTA

3. 4. Plumm

1. 1. R. Shen, Lag.

3. P. Warren, Eng.

V. K. Crabera, Esq. Cot Manager.

BRANQUES:-

LONDON LTONS

MALACOA

BOMBAY

MANILA

MUAR (Tobors)

CANTON

MUEDEN

CHEFOO

NEW YORK

COLONI

PEIPING

DAIBEN

PENANO

Footw

MANGGON

HAIPHONG

BAIDON

KAMBURG

SAN FRANCISCO

ΠΑΝΚΟΠ HARDIN

RUANGHAI

SINGAPORE

HONGKEW

NOURABYA

ILOILO

SUNDEL PATANI

[PON-

TIENTHIN

JOHURS

TORTA

Kong

TRINGTAO

KOWLOON

KUALA LUMPU

УОКОЛАМА

Current data upened in Local Currency and Fixed Deposile ord for one your or shorter periods in Les! Company and Sterling ph Sarose which will be ground or application. Hong Kong, th April, 1902

HONG KONG SAVINGS BANK.

The But the above Bank le consoled HOND SONG AND SHANGHAI ĐÀNK- NG GGUTOLATION. Rules may be obtalond

appliation.

FOR THE HONGEONG AND SHAKUWAF MAVEZNO CORPORATION,

V. M. OBATHURN,

Chind Manager.

Hong Kong, 7th February, 1937.

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Hong Kong.

Authorized Capital .K. Currazoy)...$11,900,000

19-Up Capital

Honaryo Fund

BRANCHES 1 aim

0800.000 5,100,000

Canton, · Bhanghai, Kaskow, Swalow,

Now "Tork and a Francesa.

BONDON BANKERS 3-****

The Lloyd's Bank, Limited.

CONRESPONDENTS

In sil gelachpal ctims of the World.

Foreign Exchwigs and banking bielonej

every cipio, sted.

Bale Downs Bec (vaziona slave) 45 a foarly

mjaltro. $5 to $40,.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

行銀國

Reorganised October 28, 1928, under

apecial charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

...$26,000,000,00

Pald-Up Capital

.$24,710,200.00

Reserve Funds .........$ 3,820,503.82

HEAD OFFICE: SHANGHAI.

HONG KONG. BRANCH:

4, Queen's Road Central

our

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

Wo abo handle the issue of Boade and other Public Funds of the Chin-

BAXOXOX BATAVIA BOMBAY CALCUTTA CANTON CAWNPORE

COLOMBO DPLEI

ΠΑΙΡΠΟΝΟ

HAMBURO

HANKOW

HARDIN

ROND SONG

ILDILA

IPON

KARACHI

KLANO

KODE

KUALA LUMPUR

'MADRAS

MANGA

KEDAN

NEW YORK

FEIFING (Esking)

*EWING

BANJOOK

BATOON

SEMARANG

SEREMBAN

BITANGHAI

SINGAPORE

SITIAWAN

BOURABATA

TAIPING

TIENTRIN

TONOKAH (Bhuket)

THING TAO YOKOHAMA КАМПОЛУОЛ

Foreign Exchange

and General

Banking business transacted.

ed Deposits received for one year or

Paid-up Capital

Reserve Labilities of

Shareholders***

8,000,000

8,000,000

4,000,000

BRANCHES and AGENCIES in the principal cities of the world

Every description of Banking and Exchange business transacted.

KO LEONG HOE, Managing Director.j

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55. Wall Strost, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$225,608,776.00

Branches in?--

ARGENTINE

BELGIUM

BRAZIL

CHILE

CHINA COLUMBIA

CUBA

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS DOMINICAN

REPUBLIC

SETTLEMENTS URUGUAY VENEZUELA

Current Accounts apened and Mercial

and Travellers' Letters

shorter periods at rates which will be quoted on application.

A. H. FERGUSON,

Manager.

Hong Kong. 8th July, 1982.

INTER - EMPIRE

TRADE.

Commerce and

Finance

Main Consideration

At Ottawa.

Ottawa, Yesterday.

SALT TAX REFORM APPROVED.

Mr. T. V. Soong's Plan Gains Revenue.

Nanking. Yesterday.

The agenda for the Imperial Mr. T. V. Soong's proposal to the the Economic Conference issued to the Central Political Council for

taxation Canadian papers shows that the reorganisation of salt subjects to be discussed will be has been adopted.

Mr. Soong's plan is to equalise under three main headings,

taxation, which will stop smug trade (1) General

questions gling from those parts of the coun- future tariff try where the salt tax is less than existing and preferences within and with-in others, and will bring in an in-

creased revenue out the Empire.

of $6,000,000 an- Monetary and financial ques-nually.-Reuter, tions; consideration of exist-

(2)

ing inter-relationships of the TAX EXPORTS FOR

CHANGE!

various Empire currencies and the

desirability and feasibility of taking steps to restore and stabilize the general price level and stabilising exchange.

negotiation of trade

of Credits, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and foreign

at rates that may be (3) The taken at

ccles on application to the Bank.į

are also able to offer our Cus-

THE NATIONAL COMMERCIAL &tomers the services of the Branches

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.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

¡NETHERLANDS TRADING SOCIETI)

BANKERS.

Established 182.

Bong Kong Ope:-11, Queen's Rand Cartenl. Authorized Capital.....150,000,000) Paid-Up Capital ........ 80,080,000 Reserves

..1. 20,015,000

Head De-AMŠTERDAM. Emierz Hand Offo#1---BÁTÁVIA.

Bandong", Bombay, Calculia Charlbum, Djember, Djok jukario", The Hagin", didiahk, Kobe, Makar, Kodas, Palembang, ka Longan, Prazng. Hangos, Bollardam”, Semarang, Shanghel, Binganden, Bonesi bais, Soerskuria (Bola), Tegal, 7}Bajup and Welievredes“.

Branche:-Bandjermanin,

• These offices kara Bata Deposit Boxpo toʻLeš.

LONDON BANKERS:-

NATIONAL PROVINCIAL DANK LID.

Correspondents all over the world. Banking Basi mony of avery description trasanted.

A. STOLKINK, Hong Kong, 31st June, 1982.

THE

Manigue.

agreements. Already Canada has taken the

Suggestion For

Meeting War Debts.

EDNESDAY, JULY

QUININE IS NOT ENOUGH

Though quinine is essential in the treatment of Malaria, Genasprin is of wonderful benefit in relieving the pains in your muscles and Joints. Genasprin, the absolutely pure and therefore safe brand of aspirin, soothes the nerves, induces deep restful sleep and so helps to reduce the temperature. Genasprin and

Aquinine may be taken with perfect safety at the same time.

of the International Banking. Corpora- first step towards bolstering Im-

A proposal for the replacement of Lion in Spain and also of The National perial trade, by drawing up a City Bank of New York (France), lengthy "duty free" list for, the duties on imports by an interna S.A., in Paris and Nice.

consideration by other units of the tional scheme for taxing R. M. MCLAY,

Empire. Reuter.

Manager.

Hong Kong, May 18, 1982.

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

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

Central Bank In Formansa. Bank-Notes arved Average amount Tan. 18,500,000 BRANCHES AND AGENCIES: JAPAN:Tokyo, Yokohama, Roba, Osaka FORMOSA:-Giren, Bog, Kako Koulung,

York, Dairen.

LONDON BANKERS:

Balaye Hank, Lid, Lloyds Bank, Ltd, Midland Bark, tid.. Westminster Bank, Lida The Bank has Correspondents in all the principe Commercial Centres throughout the world. K. MAGURA.

exports was put forward by Sir Percival Perry, chairman of the Ford Motor |

STEEL-MAKERS MORE Company, at the monthly luncheon

HOPEFUL.

Plans To Restart Idle Plant.

of the American Chamber of Com- merce in London held at Grosvenor House under the presidency of Mr. William Gourlay.

Sir Percival Perry drew attention to the fundamental principle in commerce which demands that trade shall be reciprocal and self-balanc ing. Reparations and War debts were not reciprocal, and represent- eda purely one-way movement. Whereas the United States had an -The changed conditions brought external debt of three billions of about in the iron and steel industry dollars in 1914, it had an external

CHANGED CONDITIONS.

Makong Nanto, Shinchiku, Taichu, Tamen, Takao, Tamaul, Toes, Helic, Talto CHINA —Elegial, Hankow, Amor, Poochow,

B-Bwalow. Canton. OTHERS Hong

Elagspers, Bases bays, Semarang Baleria, Bombay, London, New by the increased tariff are being credit of 18 billions of dollars in closely watched by manufacturers, 1918. The British Government had says the Financial Times. They to pay in annual interest on its War are taking steps to ensure that when debt to America $160,000,000 stocka of imported material are (£32,000,000 at par). A further! exhausted ther will be in immediate sum of $470,000,000 (294,000,0003at | expansion of production at home. par) was also due to the United It is in semi-finished steel, of States as interest on foreign in- course, where the fullest effects of vestments. Taking into account the tariff are likely to be falt, and the exports of the United States, THE MERCANTILE BANK OF efforts are being made to secure the that country ought to buy foreign

HONG KONG ERANOH:

1. Des Your Road Control, Hong Kong. Dabar H, 1081.

INDIA, LTD.

BEAD OFFICE:

Manag

15. Conchurch Btrast, Londen, E.04 Authorised Capital £8,000,000 Subscribed Capital ... 1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund & Rest. 1,217,027 BANKEBB:

The Bank of England K.Midland Bank, Lid. BRANCHES, Bangkok

Ipoh Kandy

sum

co-operation of the re-rollers frigoods to the value of $940,000,000 meeting the changed circumstances. † (£188,000,000 at par) annually in Negotiations are proceeding in order to ensure that these the principal producing areas be- could be paid to it." tween the steel-makers and the re-

Tariff Walls. rolling interests in an endeavour to He suggested the establishment. secure harmonious working in peace of an international authority, in of the rather antagonistic attitude which the United States should which has ooo frequently existed be- take an active interest, which might tween the two interests.

take over all existing political debta Considerable progress has been and the task of refinancing those made with the negotiations, and nations which had been brought to ports from South Wales, the North- the verge of ruin by the policy of East Coast and Scotland give pro- the creditor nations who, for the mise that a satisfactory understand-tast 10 years, had been demanding ing will be arrived at. Some two and attempting the impossible. The Rywy, Spezigion, of Banking and Exchange busi- or three months are likely to elapse experiment of erecting tariff walls before the stocks of imported semi-until they were almost unscaleable Travallata Cheques Served. Trustee and Executorships under-finished material which re-rollers had not solved the difficulty, Itaken.

INTEREST did on Curreas decount and accumulated in anticipation of a Fund Deposits at Bales that may be aoutained on application

Penang Port Louis

(Manzili) Bangoon Bhanghal Bila Kusnian (Fabang) Blagtpors Madras

Bourbeys

مارسة Taala

Bombay

Xamobi

Calonia Colombo Delhi

Kota Bharu

Kuala Lumpur

Hong Long Потр

New York

HONG KONG BRANCH,''

7. Cren's Bond Oeytral.

J. B. ROSS,

Manage

840 Government both at home and AMERICAN EXPRESS COMPANY," Hong Kong, 7th April, 1932. abroad.

SHOU J. CHEN,

Manager. Hong Kong, 5th March, 1931.

INC.

Head Ofee: 65, Broadway. New York.

Capital

Surplus

Reserves

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

.1.8.$6,000,000.00 ,,V.8.$1,532,382.04.

.17.8.$1,458,116.78

BRANCHES:-

Tem 117,800,000

Gingow Marina

Besle

Hamberg

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

Head Office:--YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Nagasaki,

Nagoya

Newchwang

New York

Omka Paris

Belping

Berlin Bombay

Calcutta

Canton

Changchun

Dairan (Delay) Rangoon Fengdien (Mukden) Rio de Janeiro

Hamburg

San Francisco

Seattle Bemarang Shangha

monoseki

Branches of American Express "Com- pany in Principal cities of United States of America' and Canada")

All classes of Commercial Banking Transactions, undertaken..

ankow

Heng Honolulu

Temperature Gone in 2 Hours. A frequent victim of

Malaria writes: "In cases of Malaria I take 30 grains of Genssprin (2 tablets) followed 10 minutes later by 10-grains of quinine. I then soon begin to perspire — having, of course, gone to bed under plenty of blankets- and if a couple of hours my temperature has gone and there is no need to continue the Genasprin Plain quinine by itself is not effective and only results in a severe headache. The Genssprin not only excites a healthy perspiration, but also banishes the ill-efects of quinine - headache, deaf- ness, dizziness and weaknesa.”

-

Shake off Fevers Quicker with

GENASPRIN

The SAFE brand of Aspirin

• To relieve the pain of Headache, Malaria, Dengue, Toothache, Hautatroke - and: Nauralgia, and soothe the nervos in cases of Sleeplessness, Over- axertion, Exeftament, and Irritablity;"

W. R. LOXLEY & Co. Agenta.

To obtain the best results, Genzaprin should be dissolved in a little water.

Made by GENATOSAN LTD., LOUGHBOROUGH, ENGLAND.

DAILY CROSS- WORD PUZZLE.

But

(This crots-word puzzle has been made by an expert our readers are warned to look out for occasional phonetie spellinge, such as harbor, plow, and altho.)

15.

20

32 PL

36

41

This would

#15

Might they not now try to reverse tariff are exhausted, but plans are the process and levy a universal tax already being made for the starting on exports? If this were done the of idle plant to produce materials to export countries, which were the replace foreign supplies.

creditor nations, would contribute Foreign. Competitors Hit.

in their own currencies sufficient So far the Continental producers revenue for the repayment of Inter-| have made no effort to reduce the national liabilities. LÀTEST · INVENTION

price of semi-finished steel in order still mean that the debtor nations American Chemical Diamonds. to counteract the increased tariff, ss

These diamonds are they did when the initial duty of paid, because the consumer always equal to real diamonds 10 per cent. was imposed. In spite able in the currency of the creditor

pays, but the money would be avall In all respect of this, many kinds of Continental Epecially in Brillancy steel are still below the price of the nations who would ultimately have of lustre, hardness,

diamonds.

|to receive it. Under the present

Can ent glass like real home product, though, the margin system the duties were paid in the Proof against fre, die has been greatly reduced currencies of the debtor countries, acid, water, oll, etc. These diamonds It appears to be inevitable that and it was almost impossible to can- can be washed with soap and water most of the Continental works, es vert them into the currency of a and can be used for more than 100

Fears. Price per carat HK.$7.80. peally those in Belgium, will have creditor nation such as the U.S. bo- Forms Gaali or C.O.D. Those who to reduce their output considerably,

purchase diamonds to the value of while it is believed that number cause the U.5. had all the gold.

more _get_20% -dis: will close down. The effect of this 'Sand TOUR orders" direct to the

will be to substantially increase American Chemical Diamond Coproduction costs, which should send P.0 Box No. 240, Pamang, H.B.

When ordering, mention “China Mail" up the price of Continental products

LUTION,

The

In those neutral - markets in which both British and Continental steel products compete. mean, a better competitive capacity for British steel compared Continan mater

FORD'S 7,000 MEN

SHIFTS.

£6,000,000 Now Spent On English Works,

HORIZONTAL

1-Ventured

'B-A tree:

114A flat stick used

punishment 12-Revelled

"14-A, manth \(pt.) -

15-Afciy_AM

-11 "

16-The outer cast of

HORIZONTAL (Cont.) 140-Boy's nama (abbr.). 141-Boako

in 42-Heavenly body, u

144-Character:in the

Bible (Num. 1#22) 45 Maker of clothes [47~76 cut. Intant

49-The stent 180–An American author

whist or rys? 17-A rough, steep rock 51-Otazura

20-Obaclate spelling of

land

21-A beverage 22.5xamined by touching

"per 22 23-Allenats

26-The peinolpal

56). Bigyjillan, goddess)

VERTICAL

VERTICAL (Cont). 10-Essential oil die

tilled from the bitter orange 11-Myth |13–Scars, parke [16-A fragment of cloth 21-To oure hidse 22-One who holda tand subject to life-rant (Soofs.faw) 24-Rave

25-Fonetrating 29-Grease

10-Sew loosely 31-On board

4-λ. Flemish musialan 32-Bystem of

M. Bongovernment,

B), 34-An-Arabian garment addition on the ✅ 38-To kaké:firus!

Pandon

Los Angeles

Manlle

Intereat allowed

Depa

·Tales to

handled.

OC HAT CA

plant.