1932-07-15 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorion Capital

Iswed and Fully Paid-up

Boerro Vanda :-

Filing

Elle

$50,000,000

46,400,000

#14,000,000

Rear ability tf Proprietor.

HEAD OFFICE: TIONG KONG,

BOARD OF DIRECTORS—

Hon. Mr. J. 1. Patron.

Chairman

T.. Foures, Eng.

Deputy Chairman.

Ko MF. W, 81, Dell, ME. Compton, Beg.

DANOLOX

BATATIA BOMBAY CALCUTTA CANTON CHEFOO COLOMBO

J.. A.-Mumm

'T. 16. R. BU, 2008

J. P. Warren, Rag

V. K. Öreghora, Esq. Chist Manager.

BRANCHES 110

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

THE CHINA MAIL

THE HO HONG BANK, LTD.

(Betabliskál 1917)

HEAD OFFICE: SINGAPORE, LOGAL' BRANCH:-ID

1

{*** 13, Queen's Road Central

Authorised Capital Bersite $20,000,000 Inated Capital Paid-up Capital

d

8,000,000

4,000,000

Incorporated by Royal Charter, 1858. Reservs Liabilities of

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

.£9,000,000 .£3,000,000

Reserve Liability of. Pro-

prietors

,29,000,000

Agencies and Branches:

.

• KUCHING

MADRAS

MANILA

MEDAN

PLING Thiế

ALOM STAR

AMRITSAR

BANGKOK

BATAVIA

BOMBAY

CALOUTTA

ΠΑΝΤΟΣ

CAWNFORE

HAIPHONG

НЕЯ ТОЛК

PENANG

HANGOON

BAIGON

SEMARANG

-BELEMBAN

SHANGHAI

AINDAPORE

་་་་

Shareholders

4,000,000 BRANCHES, and AGENCIES in the principal elties of the world.

Every description of Banking and Exchange business transacted.

KO LEONG HOE, Managing Director.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 53, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Pronta 13.8.$225,503,776.00

Branches In

ARGENTINE LONDON

PHILIPPINE

ISLANDS

COLOMBO

DELGI

FANDUBO

KANKOW

BELGIUM

MEXICO

LONDON

HANDIN

SITIAWAN

BRAZIL

PANAMA

LYONS

HOTD 203

SOURADAYA

MALACOL

ILOILO

TAIPING

CHILE

PERU

MANILA

irox

TIENTSIN

CHINA

MUAB (Tobor)

KARACHI

TONGKAR (Bhuket}

COLUMBIA

KURDEN

KLAXO

TSINGTAO,

CUBA

NEW YORK.

KOBE

YOROJAMA

PXIPINO

IVALA LUMPUR

ZAMBOANGA

DOMINICAN

PORTO RICO

STRAITS

BAIBEN VOOORDW

PENANO

RANDOON

Foreign

Exchange

General

REPUBLIC

SETTLEMENTS

HAIPHONG

BATOON

HAMBURG

SAN FRANCIRON

HAMROW

KITANGHAL

INDIA ITALY JAPAN

URUGUAY

VENEZUELA

HARDIN

KINGAPORE

HONOREW

SOURADYA

110110

SUNDEI PATANI

IPOH

JOHORE

KORK

KOWLOON

KUALA LUMPUR

TIENTAIN

TOKYO

THINGTAO YOKOHAMA

Correct Accouula opened in Focal Currmany and Pited Depoally rantred for os, game of shorter periods in Socal Company and dierling in kursun which will be quoted on application. Hong Kong, Bts April, 1993.

HONG KONG SAVINGS BANK,

The Business of the shore Bauk is sondashed

by the HONG KONG AND SHANGHAI BANK- ING CORPORATION. Hulen nay he obtained in pilnation.

FOR THE MONOKONG AND ghandthat' RANKING CORPORATION.

V. M. GRÅTEORN.

Chief Mong.

Hong Kong, 17th February, 1932.

THE BANK OF CANTON, LTD. Established 1912.

Hend Offee-Hong Kong. Authorland Capital (T.K. Currency) ... $11,000,000 Paid-Up Capie A,668,000 Bare Fundpumpene

1,100,000

BRANCHES

.

Canton, Shanghel, Hanhon, Byniow Bangkok Now Tork and Han Francisco.

LONDON BANKERS

The Liard's Bank, Lámalled,

CORRESPONDENTS

In a principal either of the World. Foreign Exchange am! banking bulsa it every description trained.

Bale Deposit Boxes (various sineu) si a yearly

restal of "from $3 to $40.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. *..

行銀國

Reorganised October 26, 1928, under

special, charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

› $25,000,000.00

‚ $24,710,200.00 .5*3,820,603,82

Paid-Up Capital

Beserve Funds

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our nimmerous branches in

and 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.

A. H. FERGUSON,

Hong Kong, 8th July, 1939.

Manager.

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.

144-150, Des Voeux Ril C.

NEDERLANDSCHE HANDEL-

MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

BANKERS.

Established 18:34.

Hong Kong Offices, Queen's Bold Central

Commercial and Travellers' Letters

P

Manager.

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

lo

BRANCHES AND LOSNCIES. JAPAN:-Toku, Tokohama, Kobe, Osain.

Bank-Notes issued Average amount. 48,500,000

Commerce and

Finance

New Commercial Industrialism

In Russia

FRIDAY JULY 15, 1932,

PULPING INDUSTRY

PROSPECTS

CANADIAN MILLS MAKE BIG

INCREASE IN CONSUMPTION

NEW ZEALAND'S MA

PROGRESS

Plants Which Are A Menace To 160,000 ACRES PLANTED BY PRIVATE

Europe

VAST WORKS IN THE UKRAINE ed that the world manufacture of

7

five-fold.

In the year

Progressive Policy.

the

and

ENTERPRISE,

According to the "Times" edi-, of company law, as private indivi- torial of June 6, 1926, it was stal-duals are not.

'The" land is transferred to these newsprint is 5,400,000 tons. It is Trustees on behalf of the Bond- a remarkable fact that since 1908 holders, and the Company is bound Mr. Cholerton, the "Sunday Times" correspondent in Russia, sends the consumption of pulp in Cana- by rigid trust deed to pay all rates from Dnieprostrol a vivid picture of the new Industrial centre which dian mills alone has increased by and taxes, and to maintain

1924 plantations according to the bost- is being developed on the banks of the Dnieper, in the south of the $140,000 worth of fleecewool con- principles of Forestry for such a comaumed was replaced by artificial period up to twenty years, as the Ukrainian Soviet Republic. Though living in Russia's richest corn-

Bondholders require.

Maintenance Reserve. The production of artificial silk belt the people are short of bread, and they work for a pittance. silk made from wood.

The Company's reserves for in 1911 was 320,000 lb. 1919 The enterprise, vast and menacing is driven relentlessly on.

8,174,000 lb. Last year Australia maintenance of the plantations A dam, .one kilometre long a few political basses, are all tar-imparted many million pounde now exceeds $950,000 (including of Credits, Travellers' Cheques, Bills

the

Dnieper, ribly underfed. The mass of the worth of pulp products, including fund in possession of the Bond- of Exchange and Cable Transfers across

mighty

Trustees exceeding Current accounts largely designed and its build navvies get little but bad bread and six million pounds worth of news holders bought and sold. and Savings Bank accounts opened and ing supervised by Americans.river water. Skilled workers earn print, to say nothing of the thou-2517,000).

Of the 160,000 acres of planta- Fixed Deposita in local and foreign

power-house at its south-about 200-240 roubles a month, but aanda of pounds worth of artificial currencies taken at rates that may be

end under the river's free navvies-"Black Labour," as silk, which is actually dependent tions (approx.) established in New ascertained on application to the Bank. ern

We are also able to offer our Cax-right bank, fitted with nine- tur the Russians call it only about 60. upon softwoods, for its manufac-Zealand by private enterprise, N.Z. Perpetual Forests, Ltd., have tomers the services of the Branches bines and generators to produce And on the local market flour costs ture.

planted over 132,000 acres 'total- Corpora & of the International Banking

tion in Spain and also of The National 560,000 kilowatts, imported from 120 roubles the pood of 36 English

Few people realise the Import-ling over 80,000,000 trees, and the City Bank of New York (France), America, and now being assembled pounds!

Cowering in Holes and installed by Americans. Op- S.A.. in Paris and Nice,

ance of growing softwood and the question of realisation is now hay- R. M. MCLAY, posite, on the left bank, fed by this An impressive little township part it plays in the universe.ng the attention of the trustees the world's most powerful hydro- built on the left bank (opposite the When visiting Australia during and it has been definitely stated Hong Kong, May 18, 1932.

village electric station, scarring the end- fairyland

reserved for 1925, the leader of the Empire byxperts that each bondholder less Ukrainian steppe, are eight American engineers), cannot house Press Delegation stated through should receive approximately $250 miles of works, a future Easen more than the "upper tenth." The the Press that the timber supplies per bondat maturity which is ap THE BANK OF TAIWAN, LTD. planned and erected under the submerged nine-tenths live herded of the United States were now proximately 12 years from date of

(TAIWAN GINKO.)

supervision of Frenchmen, Ger-in wretched shacka cowering in about exhausted.

He stated fur-planting.

The country belonging to this mans, Belgians, and an American, holes in the steppe to escape the ther that it was necessary for

Germans. build the Martin fur-terrible winds. No sanitation. no everyone to visualise the future Company is easy of access

and make a progressive policy of adequately served by good roads, naces and chemical works.. Bel-water supply. gians the coke furnaces. A young Their working capacity is per-afforestation especially in softwood railways and Walkato River also Frenchman erects an aluminium force low: less than one-fifth of the for the purpose of pulp as pulp cheap power obtained from the plant designed to produce two-average Englishman's or French-wood is being turned to every sort Arapunt Hydro Electric Power Scheme (water power).—Contribut- thirds of the total output of all man's. "How can you expect them of purpose.

ed. FORMOSA Olena, Se Karanie Kulang. France and to use 60,000 kilowatts to put their backs into it on mainly

Canada's exports in 1923 in wood Makong Xaio, Shinobikm, Tabhu, Tainan, Takso. Tru, Tosu, Halto, Talk

of power. Another brilliant young bread and water?" a Communist re-

and wood pulp products-chiefly CHINA -Ebensbal, Hankow, Amoy, Poochor,

Swatos, Canton,

paper arrounted to SIR SAMUEL WILSON Frenchman supervises the construc-marked, with engaging frankness. pulp. and OTHERS Hout Kont, Singapore, Sombay, tion of the world's biggest ferrous adding: "If they worked like you 155,000,000-more in value than

alloys plant, consuming 160,000 foreigners, we shouldn't have jobs the Australian wool clip... GOING TO MALAYA. kilomatta; and the way the world for all our people.". In fact, under In 1924, a scheme was commenc- is going la shown by the fact that foreign conditions, what Russia is

ed in New Zealand to deal with i The Back has Corsepoodenle in all the principal the French firm hiring out this producing now could be produced the position in some small, degree Decentralisation Plan to

young engineer to the Bolsheviks by perhaps one-third of her popula only has 10,000 kilowatta of energy tion. On the dam alone an army inasmuch N.Z. Perpetual Forests, of 24,000, including many hundreds Ltd., commenced operations with at its disposal.

Chain of War Factories. of women navvies, get in each scheme Involving 200,000 acrba Within convenient reach are the other's way. Their nature is such of new forests a scheme whereby vast manganese deposits of Niki- that they must work in crowda. everyone in every walk of life

discuss with the High Commis- pol, the iron mines of Krivol Rog, Left to their own devices, they flop. could participate in

Largest Concern.

[sioner, rulers, members of the the Donetz coal, the steel mills of It is the same with the Russian

The company is to-day the larg business community and other "I have Afty-one en- Dalepropetrovsk, and a chain of engineers. war factories. And when two smal-gineers working with me, falling eat of its kind in the world and leaders of public opinion, pro-

has in 7 years built up a subscrib. 5,000 tons burthen from the Black country five would suffice," one of ed share capital of $238,000-paid the Government system, at a Sea will serve Dnieprostroi and the foreigners told me. The two up capital on £178,000, and bonds luncheon at the Incorporated So- steam through its giant locks to or three old engineers, trained be-to-day represents approximately eiety of Planters.

He said: "The Government la Bondholders are protected by Dniepropetrovsk, fifty-six miles före the Revolution, are first-rate $3,500,000. The interests of the

not prepared, finally to decide on higher up the river. Much of this but terribly scared.”

Trustees appointed to represent this point until it has had first Like Coolles and Kafflrs, super-Krupp metal combine will be ready by the autumn,

"But the rest... cubs from the Bondholders in the various hand and very full knowledge as

igions where Bonds have been sold, If Americans, Frenchmen, Bel-Soviet technical schools. gians, and Germans supply plans describably ignorant and idiotical and these Trustees have been regards all aspects of the pro- a limited liability blem and until it is quite satis and much of the machinery, super-ly cocksure. They get away with formed Into

company, entirely separate from fied that the proposals are in the vise construction and fitting, what it with political backchat that's got Z. Perpetual Forests, Ltd., and interests of Malaya as a whole are the Bolsheviks doing? The nothing to do with engineering. It's Bolsheviks are doing what none of People's Commissars they want to us free-European can do, with out be, not working engineers. All the democracy, factory legislation, and same, out of the bunch of afty and they're going to, with time. Sir Samuel Wilson said everyone powerful trade uniona, za there are sure to be two or three Everybody complains. It's aur agreed that no schemes to regu boys who'll turn up trumps. That's prising how freely the workers late the production and output of was practicable. The only hope The Bolshevike, In addition to the Whereas if there were only fire, hours. And the bosses make no at was increased consumption: executive engineers, supply the they would have to be the result of tempt to hide the hunger and the Reuter. Jabour and rule it with deliberate selection (which means rags. They can't. But when the

Authorized Capital .1. 150,000,000 Paid-Up Capital

.1. 80,030,000 .1. 20,016,000

Reserves

fload Ofe:—AMSTERDAM', Eastern Head Ofisi—BATAVIA

Bennches:—Dandjermaals, Bando Bombay, Calcutta, Cheribon, Djamber, Djak fakarta". The Hague", Jidlik, Lobe. Makassar, Maden,". Palombarat, Paka longan, Fang, Bangoon, Astterdam*, Semarang, Shanghai, Blappas, Boers. Finlay douzukuria") (Solo), Zoji, splasing

and Weltevreden."

•Thees offoes have Bals Deposis. Bam la Lat.

י

LONDON BANKERS -- NATIONAL PROVINCIAL BANK LID.

Correspondaniu alt over the world. Bring Bask Rose of avery description trunancad.

A. STOKKINE,

Külge.

China and large connections in the im- Hong Kong, Eist June, 1989. -- portant commercial centres" of the

world, we are able to extend to our

clients special facilities for domestic

exchanges.

and foreign, banking and sus of Bonds

We app haudle the issue

sld offer Publie Funda"of the Ching|

THE

Government both at home and AMERICAN EXPRESS COMPANY,

abroad.

Hong Kong, 5th March, 1931.

INC.

SHOU J. CHEN,

Manager.

Head Office-65, Broadway, New York.

Capital

Surplus

Reserves

$6,000,000.00 $38.04 .U.S.$1,458,116.78

BRA

THE YOKOHAMA SPECIE BANK,

Beserve

LIMITED.

Establlihed 1880,

Berlin

Capital (fully paid-up) Yen 190,000,000 || Aberdum

Yen 117,800,000

Head Office:YOKOHAMA,

· Branches and Ageselos at:-

Nagasaki

Nagora Nowolwang New York

Alexandria

Batavis

Branch pary zin

States

Deria

United

Somarang, Baturis, Bombay, London, New York, Dairen.

LONDON BANKERS Barclays Bank, Ltd., Lloyds Bank, Ltd. Midland Bank, Lid., Westminster Bank, Ltd.

Coramaria Gentree throughout, the world.

NAQURA

Manager.

HONG KONG BRANCH:

5, Des Vaux Bowd Central, Hong Kong, December 24, 1931.

PHOTO-SUPPLIES

Kodaks and Cameras. Films, Plates and Papers, etc Developing, Printing and Enlarging. ZIESS and BUSCH FIELD GLASSES.

Price Moderate.

A Trial Offer is Solicited,

A. SEK & CO..

Tel No. 23459. 26A, Der Four Road, C.. Hoa Kon

For

TONE, QUALITY, BEAUTY, -DURABILITY,

obtain the

MORRISON

PIANO

(Guaranteed ten years).

FOR SALE OR HIRE

TSANG FOOK PIANO

COMPA

ler datas have been built, ships of over

.

Docile Labour.

rod of iron; dirt cheap, docile

{ labour, /^) living

one another. In my own

what I call "selection" by. mass.”

Be Discussed.

London, Yesterday.

Sir Samuel Wilson, referred to his impending visit to Malaya to

posals for the decentralisation of

subject to provisions and control and the prosperity of its people." Regarding the recent inter- |Governmental rubber discussions,

curse the Government out

under":"cond¡. /political, selection Here), and pro-syren goes they áll ́túrn up all

tions and working for real bably all dads. So thank God for right. Fear? The herd spirit?. SHANGHAI SHARES.

the fifty 47% wages, which neither English-

The power of the word? Beném "But with such waste, can is her that they've nowhere else to go. mennor Frenchman or many

work?" I asked. lân Germans, even in their present dire distress, would accept, wen (sup

The Waste is frightful. Their yes, these plants are going to

What else can they do? posing their unions would let them, anisation is a scream or ineffl-produce all right. And then- The iron, steel, bricks, coment and except for a few old mechanics

ciency, suspicion and chicane. And, Europe lookout W

What It Moras.. timber are produced under similar they've no axe to grind, God bless conditions.

Nearly every foreigner employed To pay for these metal plants Into the Dnieper the workers are that. And he is not thinking in them, they keep ma from jumping at Duleprostrol is thinking about planned on scalp which other just like cooled or Kaffir For nation shrink from attempting at that dam the Bolsheviks, out ofs. He is thinking of aeroplanes, terms of damped aluminium sance- Daleprostrol, Magnetogorsk, and| elsewhere, the Bolsheviks are America abolit twice as much build this Incompetent but brave and pride of. innocence, bought in auke, howitzers in the hands of ready, and, what is more importing a machinery as we should think docile Russian people, inured to ant, are able to squeeze Rus of using on the job. And yet most hardship, taking death lightly, and sis dry and strip her naked, of the work I really done by the with no respect for 1100 mil under feeding their people as they Have never been underfel at any most primitive manual methods. It fans of them, still half-nomad, And would rain uLAROTAVATA utterly allen to the Humanitarian time those last ten years, and đó

and-pacifist: idei of the Westur ver priving them of nearly everything

"But after all what does, their Dead horses lie around felde, that we think makes life worth liv

Iabour really cost them. Paper atr

the low

“... Plánts That Will Work:

the

Messra, Carroll Bros. Quotations.

Messrs. Carroll Bros. háve re- ceived the following quotations of Shanghai Shares Wak

China Finance Corps, 35.50. International Investment Trust- Co., T7.26.12 WAPIN Cathay Land,: TIL CA Yangtze Finance Company, T6. International Assurance,- T4. China Realty Co., 10.30

Shanghai Land Investment Co.,

24.50

New Engineering & Shipbuilding

Works (Ord.), T5,75,000/ Shanghal Dock & Engineering

Co., T78.50

Shanghai & Hongkew Whart Co. V 220,00 CAM

Shanghat Bactria.

Co. "Be

Ewo Cotton MI Shanghai Cot

Zoong