1932-08-05 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION:

Authorised Capital

$30,000,000

Iroved and Fully Paid-up. 30,100,000 Becerre. Funde --

Everling: m

4.8,500,000 ......$10,000,000

"Reserve Liability of Proprietors $10,308,950.

THE CHARTERED BANK OF INDIA, AUSTRALIA, & CHINA.

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE-SINGAPORE.

LOCAL BRANCE:-

13, Queen's Road Central

Shareholdera, ****

THE CHINA MAIL.

ommerce and Finance

BRANCHES and AGENCIES in the GERMANY CUTS COAL DUTCH INDIES BANK

principal cities of the world,

Every description of Banking and Exchange basiness transacted.

IN

KO LEONG HOE, Managing Director.

Authorised Capital Stralis $20,000,000

Isaned Capital

8,000,000

Paid-up Capital ....

4,000,000

Incorporated by Royal Charter, 1858. Reserve Liabilities of

4,000,000

HEAD OFFICE: LONDON.

MEAD OFFICE: UONO KONO.

Paid-up Capital

Reserve Fund

£3,000,000 £3,000,000

BOARD OF DIRECTORS 120

Reserve Liability of Pro-

prietors

£3,000,000

Hon. Mr. J. J. Palazon.

Agencies and Branches:

ALOR STAN

AMRITSAR

KUCHING

DANOXOX

MADIS

ix, Isg.

MRDAN

CALOUTTA

CANTON

CEBU

BATAVIA BOMBAY

MANILA

PELTING (Pking?

PENANG

RANGOON

Chairman

T. R. Pare. Bag. Deputy Chairman..

Hon. Mr. W E. Bail,

... Compton, Eng.

.: Forison, Bag. `-

INOY BANGKOK BATAVIA BOMBAY DALOUTTA CANTON

CHEFOO COLOMBO

J... Plumme T. H. R..

1. P.. Warres., Bay.

7. M. Omyburn, Esju „

Chief Manager,

BRANCHE-

LONDON. LYONB MALACOA

MANILA

MUAR (Johor).

MURDEN

NEW YORK

PKIPING

PENANG

KANGOON

SAIOON

CAWNFORE

DOLOMBO

DELHI

HALPHONG

HAMBURG HANKOW

HARIN

BONG KONG

HAILO

170H

NEW YORK

DAIDEN

PODCHOW

HAIPHONG

HAMBUR

HARAK

STANXOW...

RONGKE

ILOTLO

1POEL

JOHORE

KOSE

XOWLOON

KUALA LUMPUR

FAN FRANO1800

811ANGHAI

SINDAPORE

SOUZABTA

SUNDET PATANI

TIENTSIN

TOKYO

THINGTAD

YOKOHAMA

Ourmant Acouste spared to Local Currency and Pized Deposita received for one year or alorier, porlade ta. Loes) Company and Raillo arts which will be quoted on application. Hong Kong. 6th April, 1902

HONG KONG SAVINGS BANK.

The Boss of the above. Bent la conduct' ky the HONG KONG AND SHANGHAI BANK ING CORPORATION. Ro' 27" be ableited sayBooklon.

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATIOX.

V.M. "GRATBURY,

Chat MaasgorC..

Hong Kong, 27th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head Offices-Hong Kong. Authored Capital. Currey)11,000,000 Pud-Up Caplial mome

BRANCHES

Canton, Bhaughal, Hashow,

9,483,000 1,150,000

Swato

Bangkok, New York and San Francisco.

LONDON BANKERS:—

The Llayd's Bank, Lincised.

CORRESPONDENTS

Is all principal diles of the World.

Farsign Exoboogs and banking, basins of

I description tremoled.

Sals Deposit Enana (razione eļpes) as-n-yearly

ruled of trong $5 16 4.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov-

ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital $25,000,000,00

Paid-Up Capital

.$24,7 400.00

Reserve Funda...$3,826,003.82

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 thi world, we are able to extend to our ellent special facilitles for domestic

and foreign banking and exchanges.

We also handle the issue of Bonds

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

1

Capital, Surplus and

Undivided Pronte U.S.$225,508,775.00

Branches in:-

ARGENTINE LONDON

BAIGON

BEMARANG

SEREMBAN

SHANGHA1'

BELGIUM:

RINGAPORE

BRAZIL

SETIAWAN

SOURABAYA

CHILE

TAIPING

CHINA

KARACHI

TONGKATE (Bhuket)

COLUMBIA

KLAND

TRENGTÃO

CUBA

4

XODE

YOKOHAMA

DOMINICAN

KUALA LUMPUR

ZAMBOAND &

REPUBLIC

Foreign Exchange

and General INDIA

Banking business transacted.

ITALY

TEENTRIN

Current Accounts opened and, Fix-JAPAN

MEXICO

PANAMA

PERU PHILIPPINE ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

IMPORTATIONS.

Britain Suffers From

Treaty Break. OUTCRY FROM INDUSTRY,

SITUATION.

Provision For Loss On Sterling.

NO GREAT OPTIMISM.

The Netherlands Indies Com- London, July 1.

marcial Bank, which has an issued Mining capital of £4,600,000 (at par), re- Representatives, of the Association and the Coal Exporters' ports net profits for 1931 of Federation of Britain have joined $21,000, compared with $390,000 for in an earnest appeal to the Secre- 1930. The dividend is passed. tary for Mines for Government Last year's distribution was 8 per action towards improving the out: cent..

Owing to losses sustained by the look of British coal sales in Ger- many, where severe import restric-depreciation of sterling, £410,000

reserves, while £200,000 has been ap- propriated from these reserves for

ed Deposits, received the one year or Commercial and Travellers Letters tions have been imposed in direct has been drawn from extra-ordinary shorter periods at rates which will be of Credits, Travellers Cheques, Billa violation of the Anglo-German Com-

of Exchange and Cable Transfers mercial Treaty. quoted on application.

Current "accounts bought and sold and Savings Bank accounts opened and Fixed Deposits in local and foreign currencies taken at rates that may be the Mining Association has strong equal to the latter out of the work- ing profit has been placed to the ascertained on application to the Bank.ty criticised Germany's action, ̈

Manager.

A. H. FERGUSON.

Hong Kong. Bih 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.

INETHERLANDS TRADING SOCIETY) BANKERS

Established 1874.

Hong Kong Offon-11 Queen's Road Central.

We are also able to offer our Cus- tomers the services of the Branches

of the Internations! Banking Corpora

Mr. Evan Williams, president of depreciation of securities. A súm

Pointing out that the Govern-

same reserves.

In the balance-sheet for 1931 debtors show A decrease from &tion in Spain, and also of The Nationalment possessed powers under the

City Bank of New York (France) Import Duties Act to discriminate £8,520,000 to £5,540,000, deposits S.A in Paris and Nice.

against Germany whenever that and current accounts from £11,400,- 000 to £9,000,000. The balance- country did so against Great Bri-

sheet total is £15,600,000, against tain, Mr. Williams said:

£28,100,000. for 1930.

Authorized Capital... 150,000,000

Paid-Up Capital Reserves

Besucher -Bandjerroamine

R. M. MCLAY, “

Manager. Hong Kong, May 18, 1932.

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

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

**If in this country we dealt with The Board anticipates". that the foreign countries, commercially as bank's claims on Central European they dealt with us, I am quite spre countries not locked up in the Ger- "Standstill" agreement will we should soon obtain a relaxation an

the

of these crippling conditions, which shortly be subjected to similar

In consequence moratoria. are doing so much barm to our bank has already made the neces- trade. I think it is a matter which sary provision.

"

Central Bank in. Formosa. Bank Name issued varsge out. 4,000

BRANCHES AND AGENCIES:

coal owners, should make JAPAN-Tokyo, "Yokohama, Kobe, Daske.

Bagi, ka Koalan We, as FORMOSA-ĢTYÁZ,

Makeup, Naole, Rhlochiku, Thicho, Telos, every effort to impress upon those CHINA Shanghal. Hankow. Amoy, Foocho, who represent us in Parliament. OMILERS-Hong Kong, Singapore, Bourabaya, Homarung Balevia, Bombay, Locion, Naw York, Delra

Takso, Tamsui, Toes, Halto, Tatia.

Bwalow. Cantan,

LONDON BANTERS :.

Barclays Bank, Lid.. Lloyds Bank, Lad.

Midland Bank, Lids, Westminster Bask. Ltd. The Back has Correspondente in all thy prindpal Commercial Centres throughout the world E. FAQURA

Manager KONG HONG DRANCH

3. D Vaux Road Central Hong Kong, December 24, 1981.

仆

... 80,080,000

For

..." 20,015,000

Hord Off-ANSTERDAM”. Elan Bad Offer:—BATAVIA. "

Bandoen, Bombay, Disk Calculia, Cheribom, Djamber, Ikarta", The, Haris”, „Ziddia, 15, Maksuar Medan, Palembang. Peka longan, Pahang Rangoon, Botterilam", Betmarang", Shanghal, Singapors, Borra bain, forskarla (Solo); Togai, Tjdetjap and Welscereden".

• Thean ooms have Safe Deposit Boxes to Lat.

LONDON BANKERS

NATIONAL PROVINCIAL BANK LZD.

Correspondants all over the world. Banking Busi [2004 of every description transacted.

Manager.

A. STOKKINE, Hong Kong, 21st June, 1932.

THE

and other Public Funds of the Chir- AMERICAN EXPRESS COMPANY, ess Government both at home and abroad..

Hong Kong, 5th March. 1981,

- INC.

Head Office:65, Broadway. New York

SHOU J, CHEN,

Manager.

Capital

Surplus Réserves

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

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

Head Office:-YOKOHAMA, Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay.

Calcutta

Canton

Changchun

Nagasaki NAKOYA Newchwang

New York

Ozaki

Paris Va

Feiring

Dairen (Dálny) Rangoon Fangtien (Mukden) Rio de Janeiro

Ban Francisco •

Hamburg

Bankow

Hörðið

Hon Lon

emarang

TONE, QUALITY,

BEAUTY,

DURABILITY,

obtain the

MORRISON

PIANO

(Guaranteed ten years).

U.S.$8,000,000.00 TSANG FOOK PIANO

COMPANY.

U.S.$1,832,382.04 .U.S.$1,458,118.73

BRANCHES:-

Antwer

Bevila

Bombay

Glasgow

Hamburg

Taberlakes Sprantam

London Liverpool

Жеріме

Pirms Packa

Paling Palermo

Shamboul

Bemals Buenos Aires

Celio Calouste

Opiombo

Conáláălănipis Monte"Chile ·

Oppenhagen Kamburgh

Monteag

Boenderm

Shanghel Seethampton Sagaporn

843 Marte

Fleand Vando

Zudek

Branches of American Express Com- pany in Principal cities of United States of America and Canada.: 9.

* Ali: classes, of Commercial Exüking Transactions undertaken.

ROTTON1 invest

Mr. Williams was speaking at the seventy-eighth annual general meet-

ing of the Mining Association. He Was re-elected unanimously as pre- sident for the fourteenth successive year, with Sir Adam Nimmo, Mr. A Leslie Wright, and Mr. W.! Benton Jones as vice-presidents.

Prospects for the Dutch Indies the report plantation industry, states, in which the bank is natural-: ly very largely interested, do not leave any room for optimism..

!

TURNING POINT IN U.S. DEPRESSION.

ཀ་།།

Gen. Dawes Belief In Early Recovery.

In an interview at the House of Commons, Mr. Issac Feot, the Secre- tary" for Mines, was reminded that

"We have reached the turning i since April 1 the amount of British point of the depression," is the con- coal permitted to enter Germany fident belief of General C. G. Dawes, under licence was only 100,000 tons farmer chairman of the Federal a month, against 420,000 tons Finance Reconstruction Corpors- month last September.

tion. He declared that his recent

It was disclosed that the German position had enabled him to obtain! Government gäve an undertaking a fair perspective of the general He had noted to the British Government in 1924 business situation."

pronounced inprovement in that the import restrictions would a not be used against British coal im- smaller business enterprises. This, supported his theory that the re ports.

covery must be from the bottom up- warda, and not from the top down- warde.

PROFIT-SHARING SCHEMES.

Year's Addition To

-Earnings.

The force of economies, General Dawes adds, must soon have its beneficial; effects. This, together with a moderata rise in commodity prices, which he anticipated shortly, would mean that the movement to-

wards a complete recovery of busi- ness would be fairly started.

Fresh Taxation The whole nation is affected by The total number of undertakings the new taxation and tariffs on cop FOR SALE OR HIRE of all kinds, known to have been per, lumber, petroleum products and practising profit-sharing at the end coal," which came into operation re- of 1931 in Great Britain and North-cently. Anticipating the effects of ern Ireland was 485, states the them has resulted in many manu- Ministry of Labour Gazette facturers reporting a sales boom, but it appears that many orders, Eight firms had each two separate especially for motor-cars and tollet schemes in operation, so that the articles, have been cancelled, as de total number of schemes was 498. livery is impossible. About 477,000 workpeople were em- Special excess duty and stamp ployed in the businesses concerned, taxes, which it is expected will raise of whom about 238,000 participated, 3599,000,000 (about £123,000,000), or were entitled to participate, in include a 8 per cent. tax on motor- the benefits of the schemes. sp car sales 10 per cent, on jewellery, In 251 schemes in operation of 10 per cent on theatre tickets, 30 which particulars were available of per cent, on sports goods and 4 cents honuses paid or credited to em- a pound on copper, cent a gallon ployees during 1981, the number of on crude petroleum fuel oll, 24 employees entitled to participate cents a gallon on Detrol, 4 cents a was 164,000. The average bonus gallon on Jubricating oil, 10 cents per head was $10 198, 7d, or on parafin.

8, Des Voeux Road, Central.

(Entrance Ice House Street)

Telephone 24848.

PHOTO SUPPLIES

Kodaka and Camerano Films, Plates and Papers, etc. Developing, Printing and

ZESS and BUSCH FIELD GLASSES

average addition to earnings of 5.4 A two-cent stamp duty on cheques per cent.

The amount of such and stock transfer tax of 4 cents

per $100% bonus was #1:772,200,

1880

FRIDAY,

AUGUST 5, 1932.

TO-DAY AT THE CENTRAL

SUSPENSE THAT WILL MAKE YOU GASE" FOR BREATH ANGRY WATERS SWEEPING DOWN THREATENING THE LIVES OF AN ENTIRE TOWN": WILL THEY ESCAPE OR WILL THEY DROWN ? » WAIT UNTIL YOU SEE THIS AMAZING DRAMA!

COLUMBIA" PICTURES

presents

The FLOOD

with ELEANOR BOARDMAN

MONTE BLUE DAVID NEWELL

Directed by JAMES TINLING.

COLUMBIA PICTURE

TYPHOON

MAP

OF THE

CHINA SEA

The Landsman's Handy Guide to Locating the Centre of a TYPHO N

SHOWING THE NEW STORM SIGNALS,"

REVISED MARCH 1st, 1931.

Price 50 Cents.

NOW ON SALE AT THE PUBLISHERS

THE NEWSPAPER ENTERPRISE LTD.

China' Mall Ofics, 3A, Wyndham Street.

for Wharves, Hotels, Lands, Ewos,

Electrics and Telephones, all of which have improved their posi- tion.

Sales

H.K. Hotels (Old), $10,55/.60. Hong Kong Lands, $77. Ewo Cottona, TIs.) 1814. China" Lights (Old), $17.75. Telephones (FP), $22.60

Cements (Combined), $16.

Buyers.

Hong Kong Banks, $1,600. Canton Insurances, $1,410. China Underwriters, $2.90. China Fires, $820,0 HK Steamboats, $22.

Rauba, #881)GMA Union Waterboats, $20.-

H.K & K. Wharves, $140. H.K&W, Docks," $183⁄41⁄2;~; Providents (Old), (14%) Shanghal Docks, Tia.: 80.

HK Hotels (Old); $10.55. HK Hotels (New); $10m@

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday:

Last To-day's Changes Aver. Averonde

30 Industriais, 58.23 59.68 1,40 up 20 Rails 22.00 21.95 06 down. 20 Utilities 23,87 242028 ap

Messrs. E. A Pierce & Co. Te port: The market rules firm. Business done: 3,500,000, shares:

Air Reduction

* Last To-daya. Price Price

:4532:45

Allied Chemical & Dye 83% 66

'American Can

American Telegraph

Telephone

TE

American Tobacco "B Auburn Borden Company Canadian, Pacific

Consolidated Gaa of

Inc

De Nemours

Da

Pastman" Kodak"" General Electric: General Foods

General Motors

International

ants per

Hong Kong Lands, TTY Humphreys, $16

at

on

Hong Kong Realties. $10.85. Ewo Cottons, Tis. 18.55.50 425 32 Star

Loew's, Inc.

$88.

Paris Gu

mal Harvester 20 International TA."

Leggett & Myers

48%

81