1932-08-02 — Page 2

BANKS

"HONG KONG AND SHANGHAI BANKING CORPORATION.

Authoriand Capital'

Lesund and Fully Paid-up em 30,000,000. Beverve Funda 1--

કોઇ

નક

8,500,000. $10,000,000

Recorte Lability of Proprision (30.000,90)

HEAD OFFICE HONG KONG.

BOARD OF DIRECTORS :- Hou, Mr. J. J. Paterson,

Chairman

T. L. Faros, Xaq. Deputy Chairman.

Mon. Mr. W. XI. BU,

II. Compton, Eng."

Tolone En

All.. Miskia, Esq.

ВАНОКОБ

CANTON

GHEPOO

7. L. B. Sbas, Ing.

3. 7. Warren, Bag-

-Y. M. Greyburn, Bag, Ohlet anger.

BRANCHES

LONDON

LYONG

MALACOA

THE CHARTERED BANK OF INDIA, AUSTRALIA & 'CHINA.

THE HO HONG BARK, LTD.

(Established": 1917) "/u

· HEAD OFFICE: SINGAPORE LOCAL BRANCH:~~

13, Queen's Road Central

Authorized Capital Straits $20,000,000 Issued. Capita)

8,000,000

Paid-up Capital

4,000,000

Shareholders

4,000,000

Incorporated by Royal Charter, 1853. Reserve Liabilities of

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£3,000,000 £3,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

ALOR STAR

KUCHING

HADBAS

AMRITSA BANGIOK BATAVIA BOMBAY CALOUTTA

DANTON

DAWNPORE ORDU

COLOMBO:

DELET

MEDAN

MANILA

NEW YORK

* PENANG

RANDOON

PEIPINO (Peking):

BRANCHES and AGENCIES in the principal cities 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 Profits U.S.$225,503,775.00

Branches In

ARGENTINE LONDON

MEXICO

PANAMA

MERUDINE ·

BAIGON

T

SEMARANG

HALPHONG ..

SKREMBAN

BAMBURG

SHANGHAI

BELGIUM

HANKOW

BINGAPORE

HARRIN

SITIAWAN

BRAZIL

HỒNG TONG

SQUBANAYA

CHILE

MANILA

ILOILO

TAIPING.

MUAR (Johor):

CHINA

IPOH

TIENTSIN

KARADTIL

TONOXAIL (Bhuket).

TSINGTAO

COLUMBIA CUBA

ISLANDS

PORTO RICO

-KUALA LUMPUR

-ZAMBOANGA

DOMINICAN

REPUBLIC.

STRAITS

General INDIA

ITALY

TEIPINO

ΝΟΥ

HATAYCA BOMBAY

CALCUTTA

COLOMBO

HARBIN

BONGK EW

ILONA

JORORK

MODEN

NEW TODI

PENANG"

RANODON

БАТЛОН

FAN FRANCISCO

DAIREN

FOOCHOW

CLIPHONG

EXAMBURO

BANKOW

IPOR

KOBE

KOWISHIN

KOALA LAMPA

KHANGHAI

SINGAPORE

DURABZA

BUNGEI PATANI

TIENTRIN

TOKYO

TRIKOTAG

YORDRAMA

Current requis opened In Local Curranaj and Fland Deponite received for .000. Je be shorter periods in oral Company and Marling a which will be quoted on application. Hong Kong, 5th April, 1992.

HONG KONG SAVINGS BANK.

The Barnes of the above Bank u nondumieć by the HONG KONG AND SHANGHAI BANK IRO COEPORATION. Bales may be ebaluat un'application.

FOR THE HONGKONO AND ··PHANO HA! BANKING CORPORATION.”

Y. M. GRAYBURN.

Chint Manager.

Hong Kong, 27th February, 1933:

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong. Ausborland Capital (IX. Currency)15,000,000 Wild-Up Capitalkkatab Manevi Fund'.

DRANCHES :-

8,655,000 1,200,000

"Culon, Baaghal, Wankow, Swalow, Bangkok, How York and a Pembison.

LONDON BANKERS:

The Lloyd's Bank, amited, CORRESPONDENTS'

In all pefacipal aim of the World.

Foreign Exchange and beaking business w

every dazription Transacted,

Bale Bepoell Boze (various indi), no à pondly rental of "from_jå to Hô,

LODE POONG SHAN,

Chief 'Manager.

THE BANK OF CHINA.

4

Reorganised October 25, 1928, under

KLANG

KOBR

YOKOHAMA

Foreign Exchange and

Banking business transacted.

Current Accounts opened and Fix-JAPAN

ed Deposits received for one year or

VENEZUELA

THE CHINA MAIL.

Commerce and

Finance

INDIA'S PLACE IN WORLD TRADE.

Mr. H. A. F. Lindsay's Review.

STRONG POSITION.

FRENCH TRADE IN

PERIL.

Industry's Cry Of Distress.

LUXURY TRADES.

Paris, July 15.

TUESDAY, AUGUST 2, 1932.

HONG KONG STOCK EXCHANGE Opening Daily Official Quotations, August 2, 1932 Next Settlement Day, Tuesday, August 70th, 1932.

STOCK

∙Bouks

Buy-Bell Sales Nom.

Laar, dividend and when pald

TEA

Hong Kong Bank...... 1695)

138 (Lia.. Reg.).£) Chartered Bank jonk Mercantile B., AMB. ¿

Bank of East Asia ...5 [ -1. Amer. O. Fin, Corp.M$ Ch. Fin.. Car Ord. Tis

1600/3690

12:38

11 Finni 45 at 1ƒökm842/745 .....] Feb. 15, 35

Deo.

| Zta. 7- Bah,to L/Tax was 1981: || Marin, 19.

[ Dao; |,3. makông 19% for 1931man

Mar-89.

119 Dec. for 1983-

Mar. 31, 20

Dec

14-

Pref....Ta

(4.60

..

•

Insurances

agus$ [1825 $489}

Deo.

| Deo.

Canton in, Unión Ins, London, July 18, A "ery of distress" has been ad- Chins Underwriters...$. The strong position of India Indressed to M. Herriot by the great china Fire Ins. relation to the world's trade was exporting interests of France...

1

(Del.).....

Mining

Benguen

stressed by Ms. H. A. F. Lindsay, Sales abroad, they say, have be-H... Fire Ioh. Indian Trade Commissioner in Lon-feome practically impossible. When laternational Anice.. Tha.

Shipping don since 1923, in a paper read be they can sell, the prohibitions on fare the East India Association, Sir export of currency in various cous-Douglas............. Walter Wilson, who represented tries "prevent their being paid.. H. Steamboats French industry, it is declared, is Indo-China (Pret.) British commercial interests in the

The remarkable Indian Legislative Assembly for in "deadly peril."

activity which brought prosperity to Shella Bearer SETTLEMENTS some years presided. URUGUAY

The place of a country in the French ports and shipping and Union Waterboats hierarchy of trade depended, Mr. made of Paris the universal city of Commercial and Travellers' Letters Lindsay said, partly on the capacity art and, luxury," is extinguished..

There is no exaggeration in the shorter periods at rates which will be of Credits, Travellers' Cheques, Bills of other countries to absorb ita picture drawn, the important body Kain Mining Ad. of quoted on application.

of Exchange and Cable Transfers bought and sold. Current accounts goods, partly on its independence" and, Savings Bank accounts opened and and its capacity to meet its own responsible for this statement de- Fixed Deposits in local and foreign mast vital requirements. From clares, and It adds that the "power shai Exploration.....

of France's export trade is exhaust. currencies taken rates that may be both points of view Indis was in ed If these industries are not to ascertained en application to the Bank strong position. Besides jute-an

be ruined they suggest that the Gov- We are also able to offer our Cus- tomers the services of the Branches absolute monopoly, which was com-

First, France should condemn & of the International Banking Corpora-mercially grown nowhere else in the ernment should do two things.

officially tien in Spain and also of The National world and for which no general sub-

"the exaggerated. City Bank of New York (France), stitute had yet been found India normal constraints which 5.A in Paris and Nice.

produced a number of commodities || R. M. MCLAY,

foundly disturb international in greater abundance, and more.

`changes." suitably than other countries. Shel- Hong Kong, May 13, 1982

Secondly, France, on a basis lac, goat skins, talk and mica were THE BANK OF TAIWAN, LTD. only a few examples of products reciprocity, should try to bring China Providents (04) 31

about a slackening of customs. re- strictions.

Manager...

A. M. FERGUSON

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 BESOURCES"

$19,000,000

Manager.

(TAIWAN GINKO.)

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

"EFFICIENT-TRUSTWORTHYk-Notes Issurd & varsge amount you .000.

RELIABLE-COURTEOUS,

144-150, Des Voeux Rd. C..

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS. TRADING SOCIETY)

BANKERS.

Established, 1926,

Long Kong Of 11, Queen's Road Cantral,

Authorized Capital...f. 150,000,000

Paid-Up Capital Reserves

.f. 80,030,000

.. 20,015,000

Head Offer:AMSTERDAM*. Eater Head Office:-D&TAVIA.

special charter of The National Gov-Diranoboa :-Dandjarmaslu, ernment as

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

$25,000,000.00

Paid-Up Capital

$24,710,200.00

.$ 3,820,503.82

Reserve Funds

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH: 4, Queen's Road Central

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

We also handle the issue of Bonds d other Public Funds of the Chin- one Government both at home and abroad.

SHOU J. CHEN,

Manager.

Hong

Kong, th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1858,

Djaki

Besdoung*, Bombay, Calculia Cheribon, Djember, Jakarta, The Hague", "Fidisk, Kobe, Makanser, Medan, Palumbong, Paks Tongan, Panang, Bangoon, Bollardam*, Semarang, Shanghai, Bingayon, ↑ Bowes- „bain, "forrákurta (Solo), Tegal,. Zanjag

and Weltevredan":""

* These offices have Sale Deposit Boxes' to Let.

LONDON DANKERÍ

NATIONAL PROVINCIAL BANK LID.

Correspondeate all war the world. Banking, Bunl ness of every description transacted.

A. STOXKINE, Hong Kong, 21st June, 1982,

THE

Manager.

AMERICAN EXPRESS COMPANY,

INC.:

Head Office~65, Broadway. New York.

Capital.

Smplai

·Reserves

20

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

Yen 117,300,000), Bella Reserve Fund

„U,8.$8,000,000.00.

3.S.$1,882,332.04 1.8.31,488,118.28

BRANCHES:

Glasgow.

Barnes

· Hamburg,

Interlaken Jeramalies

Lido...! London

Palerzna

Head OfficeYOKOHAMA.

Branches and "Agencies at:

Suenas kirm .... Idverpool

Еростра

Nagasaki Nagoya Nowchwang

Colombo

New York

Central Book In “bamóns. BRANCHES AND AGENCIES: JAPAN-Zokyo, Takatama, Kobe. Daska.

Swataw. Canton.

OTHERS:Hong Kong, Bingapore, Borabaya.

York. Dairan.

LONDON BANKERS"

Barclays Bant, Lid, Lloyds Bank, Lid. Midland Bank, Lid, Watister Bank, LM, The Bank has Correspondents in all the principal Commercial Centres throughout the world. K. NAQURA JEONG KONG DRANCH, ||

Das Vaz Road Central: Haug Hou, December 14, 1981.

Masagar

which are all essential to many in- dustries of the Western world, but, are not widely produced in the West.

Quotas Condemned. Quotas, permissible as a

| Langkat (Single) ... Tb..

20

Lost........The..

{Baube ......

Venezuela Gold: Fields $ Benguet Explorations $ Docks, WharYES, Godowna, &c.,

IN

CRICHT RUHI.

****

May 19,.89

rarin. şaxban, påfor 199)

Emarin 33 / 100d!

: (starine 342 190 1931) T** --|| May:27,43

The 10 for 1983)

Mar. 30, 31

¿Fina? 96 banda 20:

and $7 for 1980-

(Entertia. 81, a/d 1981).

| May 27, 07

1198. Des

ludo and Bone Sa

•1 making gas för 1980,

Des.

(26

Doc.

dividend for 1994.

June 19, 29

Deo. Last dividend for 19

(12) ox. 2-1 an preferred

for 1924 and 1028

Last dividend for 1915.

11/10/10 Coupon So

Trax for 1981 Deo. su citatar 1382manusu

July 8, 2

187

Deo.

29-June

Mar. 10, 11

***

Kood: IBL. Má bezlaros ajo:1932 | June 30, 85. 14% trao I/Tax Upon. 403, || May —, 28-

for yr 30-6-32 inimesena.

May, 8, 32

Oct. 1: T: 5.30 for year 31-10-28 1

9.10. Naps

Des. Flax 0,45

Mar.

making f. Leur for 150

·|-Final'))- yake 21-8-19

Int. ti- méo pour 31:3-55 .....

Tab. 6, #1 June 8, 19

Dec.

81cw.

Fid. Si geile

and

pro-

ex-

H. K. & K. Wharves 2401

189/140D. $5 for 1881

H. K. W. Dock....$18

South Ch. Motors, (A)' $

of

("BS

(new) $

Hongkews Ils. N. Engineering,«Tis. tran-Shangha Docks ...Ila,

Lands, Hotels

Buildings.

14.

BMS

Chine Realties.......7.

|Deo, | Isas dirkland før 1294mnem,

Dea.

Mar. 10, +

• Doo. 114 own for 1881 Marvita.. 19

12.30

Deo. F 7.11 king T.14 for 1953 | May 19, 32.

Doo, . T. 6.35 for 1881.no

x71

Ape: | 2: & for year 30-4-31

Mar 8.-01 July 29, 1

Deci #eta(oid) 90 pts. (new) for (881| Mar. 15, 81. Dec. | Final 31 making då för test ... F65, 16, 89

Vinal T-0.80 boxins T) 0,30

and T/-0.76 for

10.00

10

25t Deo

case)

Apr. 8, 89:

¥10

16

W

Bep. T. year 20-9-81.

$1.20 on old Dec. 30 seats of DAN

Oct. 95, 81

†far 1981.

Feb, 29, 89

On the other hand. India was in- "sitional measure, ought merely to be to commercial dependent of foreign supplies of paving the way

(News food grains such as rice and wheat. agreements with foreign countries, H.K. & S. His. (old) $0.80 She was both an exporter and an Negotiations with a view to revising.

of commerce between H.K. Lan77 PonMOSA: Giren, Re Barenko, Kasium importer of fruits, vegetables and treaties

Although at present large- France and other States should be Shanghai Lands Tia. Wakong Nanic, Shinshiku. Teichs Tain, spices.

Metropolitan Landı Tis. Takeo, Tama, Tons, Heito. Tailo |CHINA :---Shanghai. Escrow, Amoy Fooholy dependent on Java for sugar, she entered, upon at once.

or later, The state of the so-called luxury Humphreys ... would probably, sooner

H. K. Realties......$10.86 tariff, grow trades in Paris is, according to a Famarang, Batavia, Bombay, London, Kev under the new sugar

sufficient for all her requirements. statement made by M. Barclay, the Asia Realtica "A ...MS

chairman of the federation of the Chinese Estates various interests. concerned, much India's Primary Needs.........

graver than appears or is belleved China Debentures....... Tls. Whereas ore the war India im-and there will be a collapse if a

Cotton Mills ported annually about 3,000 million remedy for the present conditionis, yards of cloth and produced 2,000 not found. million yards for herself-half in M. Barclay declares that jewel- Shanghai Cotton...Th.

would Zoong sings. Th her own mills and half by handlers workshops which looms she now imported less than normally employ sixty have reduced Wing On Textile S'hai$ 1,000 million yards and produced) their staff to two or have shut up Public Údilitios

$23 Among the remedies H. K. Tramway? 3,000 million in her own mills and altogether. upwards of 2,000 million by hand proposed is the suppression of the Peak Trams. (old)...

(new) 8 looms. So far as raw cotton. was existing luxury taxes, and above all concerned, India grew more return to the normal practice of Star Ferris 88 General Motors than enough for her own needs. the granting of credits to industry Yaamat Perries (oldi...34 (now)... 38 She was self-sufficient (and more) by the banks.

| Chits Light (old) ...$17.50 in coat and metallic ores, in oll

** (new) ... One of the effects of the British H. R. Electrics ... TEL. seeds, hides and skins, wool, rubber and timber.

Customs duties on textile goods has Macao

THE NEW

OPEL

THE NEW

Product of

OPEL

THE NEW

For Economical

Motoring

OPEL

THE NEW

For Minimum

Cost

OPEL

THE NEW...

For Maximum

„Mileage:

OPEL

Tel. 3-0-2-2-8:

4

Was

||

French Firms in Britain:

Deo. Fin, 50 cte, maka do ota, for 1901 Mar. 9, 89.

ספריי

ཐོ

154

Dea.

***.261

na

· Feb. Interíu 15 kit pour 29-3-32.00). Jan. 13, 39

11.10.

001

Ewa Cotton Th

181 Bio

T: 1.80 for 1921.

Apr. 29, 14

100

Jand

APT-T. $-67 for half year $0-4-8?

[10.50 June] T. 0-80 for year 20-631

145

May 31, 32

Got. 8, 11

Dec.

Apr. 160 ata on new) 1-431m Dew. For 1881.___

Finalets, making $1 for 1931 Fab. [T;'89 - JUL on ald

June 4, 19

Feb. 11, 31

#17 101 19

Dec.

Apr. 27,01

17.40 Sept. cia, for year 30-9-21.

Duo. 33, 83

Disc

$2.50 for 1931

Mar. 49, 19

Dea.

Juna Kona

jout

Dec.

$19 Dec.

81-

-Final d'% making 10% for 1981 Mar. 9, as

7.0.50 for 1929

Teb, 15, 10 fuc† on' prefervoon'sðarss)

**

(Prel./.

'India's chief requirements from been to cause certain textile firma Sandakan Lights abroad. In short, were in the more in the North Department to manu-H.K. Tela, fully paid $

facture in England.

part paid $91.00| ñnished classes of manufactured the woolien spinning firm of China Busc goods, such as machinery, hardware, Motte and Forisse, established at SportTracord iron and steel manufactures, dyes Fourmies, near Roubaix, is now and certain chemicals, motor-cars, sending a good deal of its machinery Industrials railway vehicles, and railway and

to Mossley, in Lancashire. Other Malabon. Sugars She mill stores generally.

Pref....Tik short of mineral oils and must im-machinery has been-sent from the Cald Marg, Ord, or The

mills of Alfred Motte, at Roubaix port kerosene,. fuel and lubricating!

The idea is that the French spin- Cintos lees.................$ | oils to Supplement her own pro-ners should manufacture in Lanca- Cements (com.)

(oid). ¡duction.

Jahire goods which they cannot ex-

# (new) port to England owing to the new H, K. Ropes tianak tariffs. Furthermore they hope China Agriculture.....⇓

Stores, &c.

52

Striking A Balance.

"We are now. in a position," Mr. in this way to employ machinery Lindsay proceeded, "to strike some which since the falling off in their sort of balance. It really comes to export trade has remained almost Dairy Farmas

Wanoor (old). this, that India is mainly dependent idle.

# (DFW)

Sinceren

„Powell

Textile

Duelu⠀

J

19/6 Sept. 1 subject to income tax). Fol. 6, 0-

Dec.

PK, 4.50 for 1090

14

101 Dec. (F: 0.00 for 2000.

6

July

18.18

20 cents for year 31-7-2X Col. §, U

(45 conta an old) for

11

Dedi, TodoČE ON NUW}

13

Dea.

hot Dec.

...Deo.

Ock

[Feb.

$1.74.For 1081

180 canta

100 ota, basta 20 eral) making 80,ota, 1, B

90 Pomila 30 otak. Lor your 1ƒ@u bodas 20: štai 1, for

making, 15:20

$2.50 for your 513-32

doente for 1981.

བྷཀྐོ, ཨཀྐཝིཧཱིཏི... ཨཱསྶ1

5:19.30

P

ZE

Alexandria

Bularia“

Berlin

Calcutta

Canton

Bombay

Changchun

Daire (Dalpy)

'Osaka

Paris

Pelping

Rangoon Fergben (Mukden) Rio de Janeiro

Hamburg Hankow

San Francisco Sextile

·Semarang. Shanghal

"Constantinopla Monte Carla

Copenhagen Manila, Edinburgh Munich

Mondominique

Norita

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

All classes of Commercial Banking Transactions undertaken.

Investment accounts

THE NEW

OPEL

The Dragon Motor

Cay Ltd.

AN INTRODUCTORY HISTORY

A. H. CROOK, OBE, MA W. KAY

» W. L. HANDYSID

DCS PRICE

NOW ONE

on the West for highly finished The position of the textile manu goods necessary to her own transfacturing district of the Nord De-De A Wings

Lane Crawfords sedurements, in partment may be indicated by the port or Industrial requirements.

advanced form For Lact that Roubaix and Tourcoing their most advanced form the absolute necessities of food and used to export to England 8,000,000 clothing and structural materials of kilogrammes of woollen yarns per the simplest classes, whether ce-year. Last year this district "sent meat, iron, or timber, she is either only 100,000 kilogrammes, self-sufficient or well on the road to that state.

"On the other hand, the West is largely dependent on India for number of materials which. It does not produce insufficient quantities, for its own needs. Indeed, it is a striking feature of this trade, picture bow little India's exporta compete with the native production

Western

In countries.

In one other respect, too, India has an advantage over her rivals in the southern hemisphere, that none of her staple, exports: Consists of peris bles requirin [meti

H.E. Amuse

Ch. Entertainment.

8. C. _Enterprises.

TRADE UNION FISCAL United Theatres

POLICY.

State Import Boards Deprecated.

· CO-OPERATION ESSENTIAL.

Macan Greyhounds":"3 Constructions (Oldy

·B; Ind. G.$ Boods

HK Govt Loans

Wallace Harper & Co.

China Sports Ltd....S

the

probable effects on trade. It is stated that the ondon, July 16. is too recent and work rades ara tod chaotic to make,

in that has any vál

The General Council of the

Dec.

Dec

t:Dec.

Dec.

£40 osata on old

Doo114 cents.on'new

Jan.0 for 1961.

cial and political taken into account economie effects.

The method ofit

well as purely

in any particular case

employ