1932-07-18 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorina Depilal

Carved sud Tally Pald-up.

Bessere Punda :-

Harling......

1,800,000 $15,000,000

890,000,000 30,000,000

Her ability of Proprietors (3,309,

HEAD OFFIOR: BONG KONG,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE SINGAPORE. LOCAL BRANCH:

13, Queen's Goad Central

Authorised Capital Straits $20,000,000)

Issued Capital

Paid-up Capital ....

Reserve Liabilities of

Shareholders.

层

8,000,000

4,000,000

4,000,000

BRANCHES and AGENCIES in the principal cities of the world.

Every description of Banking and £3,000,000 Exchange business transacted. ,£3,000,000

Reserve Liability of Pro-

pristora

£9,000,000

Agencies and Branches:

ALOR STAH

AMRITSAR

KUCHING

MADRAS

MANILA

MEDAN

BANGKOK BATAVIA

1. L. Manne

H

БОИВАТ

T. H. B, Bha%. Kng.

QALOUTTA

J. P: Warrna, Beq.

CANTON

.:

BOARD OF DIRECTORS :—

ilo Mr. J. J. Peterson.

Chalvimen

T. B. Pearce, Esq.

Deputy Chamas

Bos. Mt. . II. Ball,

A. Complon

M. T. Johnson,

Jal Mika, Bəq

BANGKOK BATAVIA DOMBAY CALCUTTA CASTON CIEFOO

V. M. Grayburn, Esq. Chief Manage.

BRANCHES :-

LONDON LYONS

"AMOY

UAB (Johor)

MALACOA

MANILA

NURDEN

NEW YOOX

COLOMBO

PEIFING

DAIREN

PENANG

POOCHOW

ZANGOON

HAIPHONG

.SAIGON

FANBURG

FAN PRANCISCO

HANKOW

RITANGHAI

HARTIN

SINGAPORE

HONOREW

SOURARTA

ILOILO

SUNGRI PATANI

IPDEL

TIENTRIN

IONORK

TOKYO

103R

TRINOTAO

TOPLOKIN

KUALA LUMPUR'

YOKOHAMA

Current Arceunla opened in Local Currency Bud Pled Deposit rerived for one year or sharter poriode to Local Company and Sterling an berma which will be quoted on application. Hong Kong. Jis April, 1989.

HONG KONG SAVINGS BANK.

The Bars of the above Bask in condusba by the HONG KONG AND SHANGHAI ZANT- DB CORPORATION. Da's may be ehteinat

Fox ras HONGKONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manage

Hong Kong, 17th February, 1933.

THE BANK OF CANTÓN, LTD.

Established 1912.

Head Ofoe:Hong Kong. Authorfand Capital (B.K. Durrancy)...$11,000,000 Fais-Up Capital.......... 0,665,000 Maleri Fund ***

1,100,000

BRANCHER-

Canton

Shanghai, Hanków, Awake Basket, New York and Sea Fesselano.

LONDON BANKERS:--

The Lloyd's Bank, Iloilog.

OOKBESPONDENTS,

tu ali principal wing of the, World,

Puig Exchange and “banking buslarm of

ery description iranazoto

Sala Degolli Bozsa (vacioso, alass) at a yearly

of from a $60,

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國屮

Reorganised October 26, 1928, under apcial charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

Palà-Up Capital

Reserve Funds

$25,000,000.00 $24,710,200.00 |

.$ 3,820,503,82|

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our numerous branches in China and large connections in the in-f portant commercial centres of the world, we are able to extend to our clients special facilities for domestic

and foreign banking and exchanges.

We also handle the issue of Bonds

CAWNFORE

OBE.... COLOMBO

ВЕСИЕ HAIPHONG BAMBURO

HANKOW MARGIN

HONG KONG

NEW YORK

PEITING (Peking) PENANG

BANGOON

SATOGH

BILANG HAY

TAIPING

TIENTSIN

KO LEONG HOE, Managing Director.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profts U.S.$225,503,775.00

Branches in:-

ARGENTINE LONDON

**MEXICO

PANAMA PERU. PHILIPPINE

THE

CHINA MAIL.

Commerce and

Finance.

ARRESTING THE RISE IN GOLD

A TASK FOR OTTAWA.

Collective Action Could Be Useful.

SIR JOSIAH STAMP'S VIEWS.

Sir Josiah Stamp, who was chairman of the recent Cana- dian Wheat Commission, was the guest of the Canada Club at a dinner held in the Savoy Hotel recently Sir Frederick Williams-Taylor presided over a large and representative gathering of Canadians, resi- visitors dent in London, and from the Dominions.

MONDAY, JULY 18 1932,

NEW YORK STOCK EXCHANGE. A.O.F.C. Quotations.

New York, Saturday,

Last To-day's Chinges Avır. Aver.

20 Industrials” 45.47

Messrs. E. A. Pierce & Co. re-

port:-The

SHANGHAI SILK STRIKE

Chapei Lockout Continues.

Shanghai, July 7.

Trouble among the operators in

Business dona: 400,000 shares the silk flatures of Shanghai con- tinues and yesterday morning it

Air Reduction

........36 Allied Chemical & Dye 48 American Can84% American.. Telegraph &..

Telephone American Tobacco Auburn Borden Company Canadian Pacific Consolidated Gas of

York

can, for America was far better balanced internally to stand fur ther price depreciation than Cana- da. The Ottawa problem was far more than a problem of developing the Dominion Industrially and

Drugs, Inc. securing an assured market for her Du Pont de Nemours 25% exports: it was much more now a Eastman Kodak question of joining in the common General Electric task of arresting the continued ap- General Foods

General Motors preciation of gold.

International Harvest Lord Hanworth (Master of the In proposing the health of Sir

Tel. of International Josiah Stamp the Chairman said Rolls), in reply to the toast

Tel.

45.29

1.8

20 Rails ....15.56

16.78

+.07

20 Utilities...18.81 18.88

+02

market la

steady.

Last Today's Price

Price

85 484 ***

.74%

65% "B" 55%

.61% 4934 .23% 234

10% 10

74%

was reported that more than 80 Alatures in Chapel were closed the previous day although the Alatures in

International

.87%

28

40 28

251⁄2

.38%

33

10

10%

22.

22

9

.13

13

.5%

5

45%

18

20%

84

13

13

ascertained on application to the Bank, whole Canadian people.

Sir Josiah Stamp said that his Committee of the Privy Council. Socony-Vacuura Corp. 8 experience on the Grain Futures (Cheers). He was pleased to think Union Carbide & Commission last year brought home that Ottawa offered an easy ap-

28

8%

Carbon

.17%

17%

.33

3274

9%

9%

.23%

28%

18%

*GEMARANG

SEREMBAN

SINGAPORE

BELGIUM

SITTAWAS

BRAZIL

NOURABAYA

CHILE

ILOILO

CHINA

KABACITI

TONGRAD (kt)

COLUMBIA

KLANG

TSINGTAO

CUBA

KOBE

YOKOHAMA

KUALA LUMPUR ZAMANITA

Foreign Exchange and General INDIA

Banking business transacted...

DOMINICAN REPUBLIC ITALY

Current Accounts opened and Fix-JAPAN

ISLANDS PORTO RICO

STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

Loew's Inc.

Commercial and Travellers' Letters that their guest had made a great "The Guests," submitted by Lord ed Deposita received for one year or aborter periods at rates which will be of Credits, Travellers' Cheques, Bills name for himself in Canada, and Greenwood, referred to his visit to Liggett & Myers "B" 45 quoted on application.

of Exchange and Cable Transfers in the matter of wheat had render- Canada as a lawyer, and said he was Pacific Gas & Electric 20%

Current accounts ed great national service. His delighted to find that there the Pennsylvania Railway. 8 bought and sold. and Savings Bank accounts opened and great reward lay in the fact that lawyers exercised and preserved a Radio Corporation... Fixed Deposits in local and foreign he had won the admiration of the great veneration for that great. Standard Oil Company

Court of Empire--the Judicial of New Jersey .....28%

A. H. FERGUSON,

Hong Konx, 8th July, 1932.

Manager.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

CURRENT ACCOUNTS.

currencies taken at rates that may ba curren

We are also able to offer our Cus tomers the services of the Branches of the International Banking Corpora: tion in Spain and also of The Nationa! & City Bank of New York (France),

S.A, in Paris and Nice.

R. M. MCLAY, Hong Kong, May 18, 1932.

Manager.

Cheques Cashed in 15 minutes THE BANK OF TAIWAN, LTD. value of gold. The problem of England. In the gathering of all

while you wait.

SAVINGS ACCOUNTS

We offer good rates of interest. TOTAL LESOURCES

$19,000,000

EFFICIENT-TRUSTWORTHY

RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V. `·

NETHERLANDS TRADING SOCIETY)

BANKERS,

Silahljebad INSA.

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

Authorized Capital ..1,150,000,000 Paid-Up Capital ........ 80,080,000 Reserves

..1. 20,015,000 |

Had :-AMSTERDAM”. Eastern Head Office:—BATAVIA.

(TAIWAN GINKO.)

HEAD OFFICE:—Taipeh, Formosa Incorporated by Special Imperial

Charter, 1899. -

Central Bank in Formos.

Bank Notes jasued Age amount Tep. 45,000,000

BRANCHES AND AGENCIES:

JAPAN:-Tokyo, Yanas, Robe, Osaka

Seara Roebuck

United Aircraft & him more than ever how com-proach to the great commonwealth Union Pacific pletely all conventions and institu-of nations. Mr. Bennett, who Trans tions which were successful in or would give them a welcome there, United States Steel dinary times could be misled and was one who by his great Westinghouse E. & M. 18 their intentions negatived in times qualities had earned respect

only in of great intentions negatived in not

Canada, but in wide field times of great world changes in the a

of friends in

speculation with which he had had the nations at Ottawa he was aure to deal was an age-long one and re-that Mr. Bennett would not be un- peated itself in very much the same mindful of the great position of forms over intervals of time. The the Mother country, but of the great large scale pooling of produce dis-debt which all the members of the tribution was a new factor, but it commonwealth of nations owed to had not essentially altered the it. situation created by great flucfua-

FORMOSAO. Bagl, Karenko Eunstions in the world price level.

Makog. Nalo, Bhinchiku, Talažu, Tainan, Takeo, Tamrui, Your Daito, Talin. CHINA-banghai, Hankow, Amay, Foochaw,

Bwaton, Canton,

OTHERS1+ Ime, Singapore, Boursimys,

Semarang Baaria, Bombay, London, Ya

York, Daires

LONDON BANKERS1

Barclays Bank, Lid.. Lloyda Imak, Lid Midland Bank, Leidy Westminster Bank, Ltd. The Bank has Composants in all the principal Commercial Centres ihroegheat the world. K. NAQURA,

HONG KONG BRANCH:

B. Des Your Road Central Hong Kong, Droember 4, 1981.

Manager

LATEST INVENTION American Chemical Diamonds.

Only Hope.

Collective action could be very useful in times of reasonable stabi- lity of prices, but so far from being, superior, might have greater dan-

EXCHANGES.

TO-DAY'S QUOTATIONS.

a

the

Settlement were continuing oper- ations under normal conditions. The 3rd District Labour Union which governs the workers in the latter flatures, issued s circular advising them to continue at their

create work and not to

dietur- bances.

The Social Bureau has sent notice to both sides in the dis- dispute tricts concerned by the asking them to send representatives to a'meeting at the Bureau at 1a.m. to-day (Thursday) for the purpose of mediation. A meeting of em- ployers and employees had already been held on Tuesday afternoon but this broke up without any agree- ment being reached. It is report- ed that operators are demanding an increased of their wagen to 50 centa a day and also ask a subsidy of ten cents per loom to the Labour Union. Several thousand workers have either struck or been locked out in Chapel,

DAILY CROSSWORD PUZZLE.

{This cross-word puzzle has been made by an expert "but our readers are warned to look out for occasional phonetia spellings, such as harbor, plow, and altho.)

16

18

#

On London—

gers than the purely competitive Bank, wire system with the sensitive facilities Bank, on demand 1/334 for throwing the risks of fluctua- Bank, 4 months', sight 1/3% tions of prices upon a special class. Credits, 4 months' No lessons as to the relative value

1/8/

14

15

16

17

19

19

20

[24

25

aight.

1/4

of different system could be drawn Un Paris from their behaviour in such aon demand'. period as the last three years, un-Credits, less, Indeed, we were to confess) sight that changes of this magnitude in

10

575

months'

139

615

35

36

37

Nom.

22

On Berlin the value of gold were to be a re- On demand

-

These diamonds are gular feature of the world's econo- On New York........ squal to real diamonds mic system. Our only hope was on demand

Bil respects that this was a world depression Credits, 60 days' sight 23% Specially in brilliancy

On Bombay-

of lustre, hardness, etc. which was to end world depression,

Proof

against fire,

Can cut glass like real for we ought at all costs to safe-Wire Branches :-Banjarmasin, Bandoen Dombey

file, guard ourselves against possibility On demand Calouste, Cheribos, Domber jak diamonds. Jakarta 2he Hague Jah Hole, acid, water, ell, etc. These diamonds of its repetition. Makassar, Medan, Palembang. Fake can be washed with soap and water

Bangson, Botterdam",

The task of finding an equili-Wire longan, Fang, has on, onder and can be used for more than 100 brium of tariff policies at Ottawa On demand bale, 60mkarta (Solo), Tegal, Tjšaljay TORTA. Price per Carat B.K.$7.50.

Terma Cash or C.O.D.

sad Welterraden”.

↑ These offices báva Safe Deposit Boxes to Let.

LONDON BANKERS:—

NATIONAL PROVINCIAL BANK LID.

Compondents all over the world. Banking Bus.

1. STOKKINI,

Maniga. Hong Kong, 21st Jane, 1932.

ness of every description transacted.

THE

and other. Fublic Funds of the Chin-AMERICAN EXPRESS COMPANY,

ose Government both at home and..

sbroad

SHOU J. CHEN,

Hanager.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK. LIMITED.

Eatablished 1880.

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

INC.

Head Ofice-65, Broadway.

New York.

Capital

1.8.$8,000,000,00

Surplus Baservas

BRANCHESpor

Шата Haaborg

.Yen 117,800,000). "

Bánh

Yoad Gao-YOKOHAMA, Head

Branchen und Agenties st:

Interlaken

Bombay Brocad

Indon

Alexiad-la

Batavia Berlin

Nagoya

Celaukda

Nawchwang

New York:

OLMEL

« U.S.$1,832,882,04 .U.8.$1,468,116.78

sches of Americaa

Principal cifimi

-United

the

844

844

On Calcutta-

BAYA

844

54%

45

78%

80% nom.

(Bank's

buying rate)

1/4

17 1/16

NOEL Noen

1% prem

Those who or elsewhere was inescapably bound! On Singapore...i purchase diamonds to the value of up in comparative internal costs, On demand H.K.450 or mors will get 20%

dia-

On Manfig. and there were changing relatively count. Send your orders direct to American Chemical Diamond Co, daily, hot in their real value, but On demand.. F.O. Box. No. 20, Penang, S.R in their monetary axpression, which On Shanghai When ordering mention "China Mail" was the only thing tarif systems On demand ;

could take heed of. A tariff dis- On Yokohama **** crimination expressed in money On demand might be most sefontifically based Sovereigns upon differences in costs this year and could be hopelessly wrong next. Silver (per oz.) The dependence of Canadá upon Bar Silvar in Hong world prices was greater than ever,.-Kony

For

TONE, QUALITY, BEAUTY, DURABILITY, obtain the

MORRISON PIANO

(Guaranteed {fen" years);

It was sometimes thought that her Coppi Cảnh decision, to adhere to some fixed re-Copper Conta.................. lation of her currency to the New Rate of Native In- York dollar as distinct from join-

834% Pul 80%% dis.

terest..... lag sterling, or adopting some in-Chinese Sub Coin termediate level, rested upon the Hong Kong Sub. Coin Par.. importance of her not having to pay

a substantial premium on her heavy New York obligations, ⠀⠀

It was then said she could not possibly afford this premium, or its general affect upon her credit. But this dilemma was more appar- ent that Tehl, for even if the left ber présent dollar standard and her Internal prirce level rose flie till had to pay her New York obligations, in direct with old prices raised abroad for her wheat, fand the relation between her Interak? dollar and the New York dollár was immaterial for that päis

FOR SALE OR HIRE. Late

TSANU FOOK PIANO COMPANY.

Altho

LONDON EXCHANGES.

Paris, New York Montreal Brussélé Geneva Amsterdam Milan Berlin Stockholm Copenhagen Oslo Pragu

London, Saturday.

90 9/16 3,54 8/8

4.0934

25.60

18.224

adi

89%

18,95

.19.50

18 15/82

20 1/8

.119%

Vienna

81 nominal

Was Important": for

her

288

4472

HORIZONTAL

J-Vault

Grenses BIDFAW, AK A .oonelvelin 10-Prawie 12-Send forth 15-Boy's name 14-A newt

[40, 41

42

50

53

55

56

60

157.158

16-The dead language

11-Depressed 20-Cravat 21-Beleaguermant 22 An argument in .... favor of something 28-An attack,

25-Barn 27-Twigs of wüłów 29-Those who sino mata Sbí dátching game 31-Protecte 33-Curious scraps of

literature 34-Near the stern 85-Allured 39-Dacturing AR 1) matter of; fact 43-Chitis and fever

48-A suburban train

1. KORIZONTAL (Cont) 47-Maritime distress

[48-Withèr

86-Prefix. Upon 01-An outfit 62-Plate, as for broad.

of the Eucharist $3-Short particular

meter (Abbr.) 164–First man

55-Venture

59-The quality of a

tons

60-A rubber 61-Alcoholio drink B2-A tear

VERTICAL

-Baw metal 2-Spirit $-Wronge *Kaups 5-Compelled 6-Girl's name Z-4 game

Explain

11-gave part to

anether 14-English school

(Tab solution of the above with

appear in to-morrow's lane.

650

110 197

nominalize

30. Eominal

SATURDAY'S SOLUTION.

TENORCAUDE

WECK CRO AND

2221) JO

#7 QENDERO

OUNGE * OXOUS

MORTO M P

{ VERTICAL (Cont.)

15-Examine {17-Golf term [18-Twirl }19-Junebug (nl) 24-A stockade In

Russia.

25-Canvas shelters .......27-Waste ..

26-A bout 30-Aroa (Boot) 32-Consume $5-A lesson

36-One who practices

37-Be compellad 36-Axisjonary

39-Hurtad

40-Fraue

41-A napping machini 42-Candle (slami) 43-8

49-Trap

|84–Ambas

-Dame:

(abbr) ommander of the Order of the Bejkiah - Kirpini (abbr)ple

(57÷Moved, realdly.

fative sumik

LAPDOG IS “BLIND" FOR

伽

DUGGA

Serv