1932-07-25 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Aathed Capital $50.000 Imuel and Pully Pald-up 10,000,000 Kansere Funda (a

Berling an

£1,000,000 $10,000,000

Banery Llability of Shopilates. $90,000,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS:

Hon. Mr. J. Paterson.

Chalimar

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE

CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE:-SINGAPORE. LOCAL BRANOR-

18, Queen's Road Central

Anthozisod Capital Straits $20,000,000 Tasted Capital.

Paid-up Capital

Incorporated by Royal Charter, 1859. Reserve Liabilities of

Shareholders

8,000,000

19 4,000,000

4,000,000

Commerce and

Finance

BRANCHES and AGENCIES WORLD CONFERENCE AMERICA INSISTS ON

principal cities of the world.

Every description of Banking sid £8,000,000 Exchange business transacted. £3,000,000

HEAD OFFICE: LONDON.

Paid-up Capital

Reserva Fund

Reserve Liability of Pro-

prietors

.£9,000,000

Agencies and Brincken:

ALOR STAR

AMBITHAR

KDORING

BANGKOK

MADRAS

DATAVIL

BOMBAT

1. B. Shen, Xi

CALOUTTA

CANTON

OAWNTORE DEBU COLONDO DELHI

T. E. Paco, Esq.

Deputy Chalman,

How. Mr. W. D. Ball,

AEL Compton, Esq.

JA Plumm

Johnson, Erg. 1. F. Warren, Haq,

ANOZ

DAROKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

CIEPOO

COLOMBO

DAIBEN

PONOW

KAPIJONO

KINBURG

HANKOW HADBIN

HOMIKEW

10Lo

ПРОД

JOHTORY

*DDE

KOWLOON

V. M. Onybura, Esq.

Chief Manager.

BRANONES:-

KUALA LUMPUR

LONDON

LYONB

MALAUGA

MANILA

MUAR (Johort)

MUIDEN

NEW YORK

PEIPINO

PENAND RANGOON'

SAIGON

SAN FRANCISCO

RITANGHAI

SINGAPORE

SOURABYA

SUKOEI PATANI

TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Current Account openmeler Local Ouray and Fixed Deporte mèstved for one yur or aborier periode 6 Local Company and Burling arm which will be quoted on application. Hong Kong. 6th April, 1972,

HONG KONG SAVINGS BANK.

By

The Business of si sbose Diarie la conducted HONG KONG AND GRANOKAI BANK

IKO CORPORATION. Rưꞌa roay be theload

lition.

FHB HONGKONG AND ABANGRAI

BANKS CORPORATION.

V. M. GRAYBURN,

Okiel Managers

Hog Kong. 17th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofoe-Hong Kong. Authorized Capital (B.E. Currency)...$11,060,000 Pall-Up Caplu 2,005,000 James Fund ............

BRANCELES

Canton Blingba

1,100,000

Iakow, Bwalow, Bangkok, New York and San Francisco.

LONDON BANKERS;

The Loyd's Back, Limited,

CORRESPONDENTS

Is all principal citim of the World.

Farwigs Bichunge and banking burlane of

every description tressctod.

Be Doponit Bones (estions alsos) mi a jourly renal of from 80 10 350,

LOOK POONG SHAN,

Chint Manager.

THE BANK OF CHINA.

# # #

Reorganised October 26, 1928, under special charter of The National Gov-

ernment as an

INTERNATIONAL EXCHANGE

BANK.

Bubscribed Capital

.$25,000,000.00 Paid-Up Capital ..$24,710,200.00 Rosarve Funda.......$ 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 im- 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 taste of Bonds. and other Public Funds of the Chip

TEAINHONG

HAMBURG

MANILA › MEDAN

NEW YORK

PEIPING (Paking) PENANG

BANGOON

SAISON SEMARANG SERMBAN

SELANJBAI

SITIAWAN

HANKOT

BINO PORE

HONG KONG

ITARSIN

ILOILO

Tron

RGANO

KARACHI

KOBE

KUALA LUMPUn

NOURABATA

TAIPINO

TIENTRIN

TOROKAH (Brkət)

TRINGTAO

YOKOHAMA

ZAMBOANO A

Foreign Exchange and

Banking business transacted.

KO LEONG HOL Managing Director.

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.8.$225,509,775.50

Branches Inte

ARGENTINE BELGIUM

BRAZIL

CHILE

LONDON- MEXICO

ON OIL TRADE. Magnates Fail Of

Agreement.

RUSSIA'S OBJECTION.

PAYMENT.

Mr. Coolidge Gives His Views.

Mr. Coolidge, the former U.S.

The unsuccessful conclusion of President, in a magazine article the World Oil Conference in New emphatically repudiates the bugges York bas been officially announced. tion that war debt payments are the No reason is given for the failure. Cause of the prevailing depression. He points out that Great Britain's The following statement was issued recently by Mr.-C. E. Arnott (pre-payment is only four per cent of sident of the Socony Vacuum Cor- the National Budget, France's two poration) and Mr. P. Rabinovitch,per cent, and Italy's one per cent. "The loss and destruction due to ļa Russian delegate:-

the war, the present cost of armA- "Representatives of American and foreign interests in the export ments, and the burden of new social petroleum market who have been in experiments," he says, "are among conference during the past three the causes of the depresion." weeks with representatives of the contests the suggestion that, Soviet Oil Export Organisation, and America entered the war late, she who have together been carefully should pay more towards the cost Commercial and Travellers' Letters studying the problem created by the than the others. Mr. Coolidge of Credits, Travellers' Cheques, Ells lack of balance between production

A Business Deal "It is sometimes represented that'

PANAMA

CHINA

COLUMBIA CUBA

PERU PHILIPPINE

ISLANDS PORTO RICO

STRAITS General DOMINICAN REPUBLIC INDIA

Current Accounts opened and FixITALY ed Deposits received for one year or shorter periods at rates which will be JAPAN quoted on application.

A. H. FERGUSON,

SETTLEMENIS URUGUAY VENEZUELA

adda:

of Exchange and Cable Transfers and consumption, regret to anno- Manager.

bought and sold.

Hong Kong. 8th July, 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

$19,000,000

EFFICIENT TRUSTWORTHY-

RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C

NEDERLANDSCHE HANDEL-

MAATSCHAPPIJ, N.V.

(NETÜLELANDS TRADING SOCIETY)

BANKERS,'

Established 18.

Hong Kong Office:-1, Quna's Nond Central

Authorized Capital...f. 150,000,000) Paid-Up Capitalf. 80,030,000 Reserves

...... 20,015,000)

Head Office:-AMSTERDAM”.

Extra Head Ofce:-BATAVIA.

Branches :--Badjarzanalo, Bandoeng, Bocabaş, Caleut Cheriban, Djember, Djak jakarta", The_Bagro", "Fiddali, “Zabe,

Current accounts

He

and Savings Bank accounts opened ad/unce that it has been found impos-the British expended all the money |

аду

Rusalan Objections It is understood that the present negotiations failed to reach a satis- factory conclusion because:

Fixed Deposits in local and foreign le at this time to reach currencies taken at rates that may be mutually satisfactory agreement they borrowed from us in the par- ascertained on application to the Bank, for the solution of these problema chase of materials in our markets. That does not pay the debt. We We are also able to affer our Cus- tomers the services of the Branches

bought materials and services in of the International Banking Corpora tion in Spain and also of The National

their markets and paid cash, but we are not for that reason asking City Bank of New York (Franc), S.A. in Paris and Nice.

1. The Russians did not desire to for our money to be returned to us." R. M. MCLAY, enter into an agreement for beyond Britain borrowed to lend to others. "It is sometimes claimed that three years, whereas the others de-That also does not pay the debt, Hong Kong. May 13, 1932.

sired a ten years" agreement.

The implication is that it was our -Z-The Russians would

Manager.

(TAIWAN GINKO.)

exports to their 1931 level.

not-ac-{

THE BANK OF TAIWAN, LTD. cept a flat limitation of their of business to furnish the money that they furnished. know that we 3: The Russians did not desire are not trying to overreach anybody to relinquish their distributing factor drive a hard bargain. The money we furnished we had to borrow. lities, located mainly in Germany Someone must pay it. It cannot be England and Spain.

cancelled. If we do not collecti frem Europe we must collect from our own taxpayers."

HEAD OFFICE:-Taipeh; Formost. Incorporated by Special Imperial Charter, 1889.

Central Bank in Formbes, BRANCHES AND AGENCIES: JAPAN-Tokyo, Tokohems, Babe, Osaka.

Moreover, the Russians poss888-

Bank Notes Issued Average amount Yea, 45,petpoed contracts for the supply of oil to various countries (including France), many of which they did Makong, Hanto. Shinobiku, Telebu, Telma, not desire to relinquish. Therefore, Takso, Tamul, Toen, Esto, Tallo.

Fooow, the oil companies withdrew their CHINA 1-Shrugial. Isnkow, Amoy,

Swalow, Cinton.

FORMOSAI

Expi,

LAND,

OTHERS-Hot Song, Ringapore, Soerales, offer to purchase all the Soviet ex-

Semarang...Batavia, Bombay, London,

York. Diren.

LONDON BANKERS:

Barclays Bank, Ltd., Lloydı isank, "Lad. Aldand Bank, kid, Wastmaizer Batik, Ltd.

port petrol based on the 1931 statik- tica.

The Bank has Correspondents to all the prize GOLD PRODUCTION IN CANADA

Commercial Conurse throughout the world.

E NAGURA,

Hsonger.

RONG KONG BRANCH

B. De Vaux Road Central ang Boog. Desember 24, 1981;

LATEST INVENTION, American Chemical Diamonds.

art

These diamonds equal to real diamonds In all respects. Specially in brilliancy lustre, hardness, etc. Can

Makasar, Medan, Palembang, Pekdiamonds. P. cut glass like real

langan. Penang. Bingoon, Rolterdan',

against fire, fis,

Semarang, Shanghd; Bingspoes. Boers Acid, water, oil, etc. These diameida

• Those from,hara Bada Dejolt Bones to Lai.

LONDON DANKERS:-

bain, bonzakaria (Belo). Tegal, Tyetjap can be washed with soap and water and Weltevreden,

and can be used for more than 100

Price per years.

carat H.K.$750. Terms Cash or C.O.D. Those wh purchase diamonds to the value of HE.$80 or more will get 20% dis count. Send your orders direct to the American, Chemical Diamond P.O. Box No. 240, Penang, 5.8 When ordering mention "China Mal."

NATIONAL PROVINCIAL BANK LAD,

Correspondents all over the world. Banking Bual s of avery description transseted.

A. STOKKINK.

Hong Kong, 21st June, 1932.

THE

Manager.

ess Government both at home and AMERICAN EXPRESS COMPANY,

abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

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

Head Office-YOKOHAMA

-Branckes and Ageneles at:

Alexandria

Batarla

Berlin

Bombay

Cheutta

Canton

Changchan

(Dalny)

Nagasaki Nagoya Newchwang

-New York

Osaka

Paris Parla

aire Mukden) Rio de Janeiro

.

Hosg Kong Honolulu

Karachi

Los Angeles

San Francisco,

Seattle Semarang

Singapore

ta received for

'Deposita' atʻraten to. Se vitalded

rabaya

INC.

Head Office:-65, Broadway.

New York,

Capital ... Surplu... Reserves

Amsterdam Antway

Beaia

Berlia

Biarria

Bombay

Brex Brummeli Brazos Aires Cairo Caloulia Cannag Colombo

.U.3.$6,000,000.00

. U.8.$1,882,832.04. ....U.8.41,458,116.78

NATIONS URGED TO GOLD

STANDARD

Wall Street Strong In Sympathy

New York, July 5.

MONDAY, JULY 25, 1932.

DAILY CROSS-WORD PUZZLE.

This crossword puzzle', has been made by an expert but our readers are warned to look out for occasional phonetia spellings, such as karbar, plow, and altho.)

1b

34

39

43

49 49

52

HORIZONTAL

1-An insect 4-Distant 7-Roaln

-Desplass

11-A collage degree

(abbr.) 12-Epoch

15-Compass point

(abbr.)

14-Negativa" 16-Obscure- 18-A fruit of the

'orange family

(pl.)

20-Caver

21-Continent

£-Guided 24-Trust

25-Heroine of the

opera Lohengrin 27-Comrade

126

25-8tupaffed by a blow

25-Short gal66?

11-Trim

(4-A shalez

15

[10]

13

14

15

20

53

138

{'HORIZONTAL (Gost) ↑ VERTICAL (Cont) {85-To wager money, 19-A`shara 'bled

upon an uncertain

event

37-Twirl

31-Place

7/

40-A soragilo 42-Golf term

43-Indefinite article 44-June-bug 45-Oran

47-Right (abbr.) 48-Plice of tablewares 50-8lorles

52-Spread loonaly for

drying 165-Haif a score

VERTICAL

1-Exist

2-Employ

8-Malden 4-Agliate

5-Consumed

-Musical note 7-Elavate

8-Fasten

| 2-Mind

.

11-Girl's name".

15-Lyrla poem 17-Unit of length in

measuring the diameter of wire 19-Wander aimlessly 20-Portion

22-To attempt 24-Abode of evil spirits 25-Attorney (abbr) 27-Adult malas. 29-Avolda

30-Strike gently 32-Likely 33-Rown (34-Mineral spring

(35-Farm building

36-Examina 35-8nare

*

[40-A monk's dowl

41-Flesh of an animal 44-Famale daar 48-A baverage |49-Liquid maneuro

(abbr.) [31-Half an em

(The solution of the above with a new cross-word puzzle.) will

appear in to-morrow's issue.--

(Continued from previous Column)

Agitation for managed currencies, bimetallism and monetary experi- ments, which has thrived upon the The Dominion Bureau of Statis- The final report of the League of lean years, even as the bimetalliam tica at Ottawa reports that during Nations gold delegation, which urges controversy dlourished in the trying the past few years gold production the world to embrace the gold period of the 1890's, has been view- in Canada, for the first three standard once more, strikes a reed almost incredulously in Wall months of each year risen from sponsive chord among Wall Street's Street, where the gold standard is 452,467 oz. In 1929 to 464,499 oz., in leading bankers.

regarded as almost a sacred com- |1931 and 715,392 oz. in 1992.

|29.7.

[37.21

(21:00

(Continued in Next Column.)mandment..

AOFC. Average of Shanghai Stocks

1931 QUESTIO

1937

(JUNE

-2700

Co,

25)

7:6.00

14.15

TWENTY

+7979

REPREZENTATYA'

STOCKE

43.213

132)

BAY

For

TONE, QUALITY, BEAUTY, DURABILITY,

122.09

(31.34

117)

ALSO

(72.45

obtain the

CLOSED

1200

[#1, P

Kuples PLO

Paris Fonsag

111

21.006

20.11

||26.54

|2015]

10.00

BRANCHES --

Kiw

Choos Diagon Horizo

Hamburg HATIN Irteriakan Jerbalm ..Lida

London

Paldag Palermo

Zotaria Bome "Kdverpack Blambog!

LALELO Lexar (Marwadikan Conslankepia Monte Carlo

Manila

Edinburgh Muniok

·Copaskaga

Florence At Montreux

Geogra!! Milan

Khanghai Soskimapiam

Bingapor

61. Mori

Tianiela

Vienna

Vanio

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

All elites of Commercial Banking Transactions undertaken,

Personal investment handed Cont

accounts

MORRISON

PIANO

(Guaranteed ten years).

FOR SALE OR HIRE

TSANG FOOK PIANO COMPANY

12320

2430

.

SATURDAY'S SOLUTION,

CHEAP

DAUBS

OHAPE BEEN

A CAR ROC AGE CASTCANSTÖRRENT

P ALSO ONI

M MANS ACTO A ANY BOREN RUT

ANT NOTES. SET CECEN WEST BRAN A IN RCNI RENDERS ATTENDS ESER GMP_RED

TGADG

CANADIAN GOLD OUTPUT.

New Monthly Production Record.

Ottawa, June 25. Canada's gold production set a " new monthly record during March when the output from Canadian mines was 255,675 ounces. This was an advance of 18.2 per cent. above February sulput and of 25.8 per cent about March 1981." The Dominion Bureau of Statistics re- ports the cumulative production for the first three months of the cur- rent year at 716,392 ounces. The... rapidity with which Canadian gold production is being increased is emphasized when this figure-li com- pared with last year's production: in the first quarter of €1,502 ounces and the 1980 figure for the same period of 464,499 ounces.

The Ontario mines produced 187,538 ounces during March as against 174,782 ounces in February and 165,697 ounces in March a1year ago The Ontario output in the first quarter of the year totalled 542,258 ounces worth $11,209,884 and in addition, the Bureau points out, the mines, received exchange : There was during the first part There were more puyers in evi- back and news developments which premiums which totalled $1,467,478.

Quebec province recorded a sharp/ of the week greater relative dents, but sellers were more re-might be construed as unfavour advance in March to 40,889 ounces › strength in the debenture and served. Ewos were very steady able have had, little effect.

against 29,988 ounces in February - bond market than in the stock closing with good buyers at 18 Day to day business, news and 19,029 ounces in March 1931. market. Demand for Shanghai and 18.60 July and August re-furnishes little or no reason for

British Columbia produced: 14,684% Lands were purchasing stocks. The whole Lands debentures was especially pectively Shanghal

ounces, ori 28:9; per cent above Arm. There was much Interest picture of domestic and inter- February, the months records for significance at shows for them, business being national affairs is so complicated that province, including the first-

oná Lt 25. BUTY were wanted and has so many important possi-shipment of gold to the Royal

Unit bilities that a hesitant, irregular Canadian Mint from the Bralorna.

market is perfectly, logical, add if mine in the Bridge River district Is dificult to see how there Car Manitoba, in common with the other stock be any other situation for the pre large gold-producing provinces, also

vallery

it and

siths:

8. Des Voeux Road, Central

(Entrance, Ice House,

strong. No tached the re no

market'

en-Bent"

have

High for 1981-82 Hept

for 1981-32.

time

had a rise in

advante

28.66

duction

Iz outub