1932-08-08 — Page 2

Hoa, Mr. J. 1, Paborosa.

Chairman

7. L. Pearce, Bea.

Deputy Chairmas.

Man. Mr. W. H. Ball

4. M. Compton, Kag B. T. Johnson, Zoj.

J. A. PimPLA

T. H. R.. Bhau, kad.

J. F. Warrio, Rag.

7. X. Omykura). Kaq, Chiel Manager.

ERA NOHEN: — "

BANDICE BATAVIA BOMBAT CALCUTTA CANTON CAWNPORE CEBU

MEDAN

NEW YORK

THE

CHINA MAIL.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

$30,000,000

Authorised Capital ............. Jesund und Fully Paid-up. 31,000,000 ¿Booners Funds į--

Berling

Sikrer

Beserve. Liability of Proprietor

HEAD OFFICE: HONG KONG

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE:-SINGAPORE LOCAL BRANCH:-

13, Queen's Road Central

Authorised Capital Straits $20,000,000 Issued Capital ...

Paid-up Capital....

Incorporated by Royal Charter, 1853. Reservs Liabilities of

Shareholders

8,000,000

"

4,000,000

4,000,000

Commerce and Finance

BRANCHES and AGENCIES in the NEW YORK STOCK

principal cities of the world.

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

£3,000,000/-

€ 8,400,000 $10,000.000

HEAD OFFICE: LONDON.

$30,000.00

Pald-up Capital

Reserve Fund

Reserve Liability of Pro-

prioters

£3,000,000

Agencies and, Branches:

ALOR STAR

AMBITRAB

KUONG

MADRAS

MANILA

BOARD OF DIRKOTGES:—

BATAVIA

COLOMBO

DAISEN

FOOCHOW

HAIPHONG

BAMBUNG

ILOILO

IPOTE

JOHORE

LYOND

HARBIN

HONG KON

MOILO

KARACHI

KLANG.

KOME

KUALA LUMPUR

KO LEONG HOE, Managing Director.

THE NATIONAL CITY BANK OF

NEW YORK.

EXCHANGE.

A.O.F.C. Quotations.

30 Industries 82.80 HEAD OFFICE: 55, Wall Street.20 Bails 22.48

NEW YORK.

Capital, Surplus, and

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

Branches in

PANAMA

THE QUESTION N OF WISE SPENDING.

Foundation Of Genuine!

New York, Yesterday.

Last Today's Changes

• Aver

Aver.

66,36

3.76 up

24.72

2.24.up

1.27 up

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

Business fitm. done: 2,700,000 shares."

0 Utilities.25.21 28.48

Economy.

WHAT IT MEANS.

London, July 31.

MONDAY, AUGUST 8, 1932.

HONG KONG STOCK EXCHANGE.

Opening Daily Official Quotations, August 8, 1932.

·Next Settlement Day, Tuesday, August 30th, 1937,

Las dividend; and when paid

"STOCK

Banka

BuySellato Nom

ors

Hong Kong Bank ......... £540 zdrv.

(Lon. Reg.)... Chartered Bank, ...............

Mercatile B. AKB. [

2.

C.

Bank of East Asia. ...$. Amer. O. Fia, Corp.M$

+7

Ch.. Fin, Cor, Ord. Th.....

j Prel....Th.

Insurances

Canton Iss.

!!

***

Union Ina, álion$|475 · 486 Speaking at a luncheon given by China Underwritert., § 3.50 the St. Marylebone Chamber of

Last To-day's Commerce, Sir Harold Bellaan China Fire Ins. 630.

commented on the nation's expen- H. K. Fire Inte manē Price Price

diture:

#

war and apart H. K. Steamboat....$ 22 from the extent to which conver-lado-China (Pref.) '...$| son could assist there was little.

Union Waterboat ...$30

PETTING (P«KIOJŲ)

PENANU

RANOKOKON

COLOMBO

HAIGON

DELET

SEMARANG

HAIPHONG

SEREMBAN

ARGENTINE

LONDON

HAMBURG..

41

SAMOSTAL

BELGIUM

MEXICO

RANIOW

'SINGAPORE'

SITIAWAN

BRAZIL

"

International Ace, Tis.

SOURABAYA

CHILE

PERU

Air Reduction

49

TAIPING

CHINA

PHILIPPINE

Allied Chemical & Dye,69

TJENTALN

TONGKAH (Bšukel)

COLUMBIA

ISLANDS

American Car

45%

514 78 19

THINGTAD

GUBA

PORTO RICO

American Telegraph &

He said they had seen that a very large part of the present a tional expenditure was

Shipping.

direct Douglauc

YOKOHAMA

DOMINICAN

STRAITS

Telephone.

101%

108

legacy from the

ZAMBOANGA

REPUBLIC

SETTLEMENTS American Tobacco "B" 75%

79%

URUGUAY

Auburn

88

72%

*

¡ITALY

JAPAN.

VENEZUELA,

Borden Company

Canadian Pacific

14

15

28% that they could do to lighten their Shella Bearer

burden in this respect..

P

(Det.)...$.

of Exchange and Cable Transfers Drugs, Inc." bought and sold. Current accounts Du Pont de Nemours and Savings Bank accounts opened and Eastman Kodak Fixed Deposits in local and foreign General Electric currencies taken at rates that may be General Foods ascertained on application to the Bank. General Motors

We are also able to offer our Cus- International Harvester 28%

Tel tomers the services of the Branches International

Tel Corpora

New York

Inc,

·50% 39

52

41%

334

30

An item of £104,000,000 repre- »

the sented the expenditure on Army, Navy and Air Force. It was Benguets

Mining

53

59%

11%

19

26

26%

13

14%

28

7%

8%

before that war.

58%

59%

264

28

Pacific Gas & Electric 25% Pennsylvania Railway, 12% Radio Corporation

27

Sears Roebuck. Standard Oil Company

of New Jersey

107 Union Carbide & Carbon 22

55% Union Pacific United Aircraft &

Trans.

11

·24.

63

scheme of evolved..

&

12%

Venezuela Gold Fields $

17.

Dt:

it

***

Deo. {Interim 40 @ 15)=0£7,00} || Pending

*Dec.). "Fla. 7) Bab. to Ifrán ajo 1951

Dec. 42 Jan. 17Tam

making 11% for 190kanimi

219

Doc.as for Hall-

Mar

·Mar-, 89' -

Mar. 1,71

195

Dea.

19

1.60

*

1410 Deo. Pl. 61201-$86. May 19,

Interim: 318 aặc ......

"Des; [F]Final" 261 day 109)

1Intering 342+ A/c 1951-May 27,3 Decons

...Doo. (Final #benz #1

$1200D

* 26

**

TELE

Dec.

and 8% for 10911).

མ

-gen, May 27, 03:

.

{Interim: 83 a/m 1951)

50. and bonus $8

makla $55 for 1958...

{Deos & La videndi for 1924,

Doc. Last dividend for 1020" AND

Mar. 30. 34

1124 x 24 on preferred). June 19,99

Too. 1 to 124 and 1958 marmTIONS Last dividend for 1991

'Deo, faft Cosyon: No.

Deo.

do cents for 108ławeczenie

July 8, 20 Mar, 20, 21

Dea. Beat tat, satavos c 1999 June 80, 11-

1 for year 30-6-82

99/6 June 24% free Tax Opan 401 | May, 20

3.50 for year 31-1029 -

Oct.

2.10

Ded. None

2.80

***

Dec. 1Fizal Ti að t

May 5,00

maxing T.0.00 for 120.............. Feb. 8, #1-

Mar. Final 1)- yunë 31-3-32

Int. 27. nje yaar 31-$-55° — } Dea.

Jana 8; 09

AXOY BANGKOK

BOMBAY " CALCUTTA

CANTON CHEFON

HANKOW

BARDIN BONOKEW

IONR.

KOWLOON

KUALA LUMPUN

LONDON.

MALACCA

MANILA

MUAR '(Fokara)

MURDER

NEW YORK

***PIPING

ΡΕΝΑΝΟ

RANGOON SALOON

SAN FRANCISCO

ARANGHAT·

SINGAPORE

SOUBABYA

RUNOZI PATANI

TIENTRIN

TOKYO

THI NOT AC

YOKOHAMA

Ourress Accrusta opened La Lonas. Cutturazy und Fized Deposite roosivad for one year or skorter periods in Local Company and Sterling" berma which will be quoted on applicatio Hong Kong, 5th April:. 1089.

HONG KONG SAVINGS BANK.

The House of the above. Beak to comedotadi by the HONG KONG AND SHAMOKAT BANK. TO CORPORATION. Bu'm may be abiainel

1

YOM'FHE HONGKONG AND SHANGHAI

KLIED CORPORATION..

V. M. GRAINTax,

Chial Massqm. How Kong 27th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofoe-Hong Kong. Avibarised: Capital (II.A. Currency)...$11,000,000 *Fald-Up Capital angyal tre

Bari Fundurmarescidos

1

DRANCHES :-

Canton, Shanghai, Haakow,

4,665,000 1,100,000.

BIG,

Bangkok, New York and San Frańdimod.

LONDON BANKERN-

The Gloyd's Bank, Limited..

CORRESPONDENTH

In all principal cities, of the World

Foreign Exobags, nad booking business of

avery description transested:7-

Bala Impol Boxes (various siang); ut, a yearly

seatel of from 6 to 74.

LOOK POONG SHAN,

Chief Manager.

"THE BANK OF CHINA.

行銀國

Reorganized October 26, 1928, under

•pecial charter of The National Gov. erament as an

INTERNATIONAL EXCHANGE

BANK.

$25,000,000.00

..$24,500.00;

Subscribed Capital

Paid-Up Capital

Reserve Funds

$ 3,820,03.82

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our numerous branches in

SPORT

Foreign Exchange and General INDIA Banking business transacted.

Current Accounts opened and Fix- ed Deposita received for one year or shorter periods at rates which will be quoted on application.

A. H. FERGUSON,

Manager. Hong Kong. 8th July, 1932.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

CURRENT ACCOUNTS. Cheques Casked in 15 minutes. while you wait. SAVINGS ACCOUNTS

We offer good rates of interest.. TOTAL HESOURCES $19,000,000

· EFFICIENT TRUSTWORTHY-

RELIABLE COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETY)

BANKERS.

Established 1824.

Houg Long Off (-11, Queen's sad Central.

Authorized Capital

Pald-Up Capital

Reserves,

Commercial and Travellers' Letters Consolidated Gas of of Credits, Travellers Cheques, Bills

of the International Babe National Liggett & Myers "g tion in Spain and also of The City Bank of New York (France), Loew's Inc. S.A.. in Paris and Nica..

R. M. MCLAY,

Manager. Hong Kong, May 13, 1932.

THE BANK OF TAIWAN, LTD, Socony-Vacuum Corp.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899,

Central Beak in Formosa, Dauk-Nolan tenued: Avorugu amount,...Yen. 10,000,000 BRANCHES AND AGENCIES: JAPAN-Tokyo, Yokohama, Robe, Osaka. FORMOSA-Glan, Rag, Karenko,

EAUT "Makong, Nentó, Shfaskiku. Talohu, Tainan.

Tako. Tamul, Toan. Heita, Taita. CILINA-Geoghal, Haokow, may, Fooohow,

Swatar. Cantong... Bugapore:

Roerabaya, OTHERS-Hong

Semarang. Belavia Bombs, Lazdou, New Tork, Dairen.

LONDON BANKZES:

Barclays Bank Lidi, Lloyds Bank, Lid. Midland Bank, Lid., Westminster Bank, Lid The Bank has Correspondents in all the principal Commerce! Centres throughout the world..

I. NAGURA

HONO HONG BRANCH:

3, Des Vous Road Central Bang Rong. Devember 24, SUNT.

£150,000,000 ALEXANDER

.1. 80,030,000

... 20,015,000

Head D-AMSTERDAM”. Easter Head Office:-BATAVIA,

*Bondowog" Bombay, Calouste Charibon, Djember, Djok Jakarta, The Hague", "Jiddah, Keba, Maksaan, Hadau, Palembang, Pike Joogan, Panay, Bangoon, Rotterdam Semarang, Shanghal, Bingapore, Boers. bais, osrsitaris (Solo), Topal, Tilaap and allevredan",

Branches :-Band/orızasın;"

Thess ofheas kara Safe Deposit Bazsa to Le

LONDON DANKERS:--

זי

INSTITUT

DE BEAUTE

Phone 25149. Pedder Building --

(1st Floor) Opposite Entrance to Hong Kong Hotel,

sardonic commentary on the Kaila Mining Adi e/- world in which they lived that 14 Langkat (Single) ... Tls. years after "the war which was to s'hal Exploration... Tia fend war" they were spending..

Lon.Th $27,000,000 more in defence than Raube .....

- Experts told thein with some Benguet Explorations. $ show of conviction that that repre- Docks, Wharves, 18ented the lowest possible limit

Gedowns, &c.

21% 23% consistent with elementary national H. K. & K. When...

safety and that no further consider H. K. W. Docks...$ 18. 35% able economies could be effected South Ch. Motors (h) 5

unless and util some generat

United States Steel.. 34% Westinghouse E. & M. 30%.

EXCHANGES.

"

disarmament

18

D

China Provident (old).86

(new) $ He wished he could Hongkew, .........................Tu bring himself to believe the sip-N. Engineering ..... 13%

the complete dis-

Shanghai Docks »..Tia. 414 cerity and

interestedness of those experts. 344

TO-DAY'S QUOTATIONS..

On London-e

- 1/354 Bank, wire Bank, on demand +1/3 Bank, 4 months' sight 1/3% Credits,

months'

sight

Маладог

On Paris On demand: Credits,

months'

aight...

1/4/2

375

615

"On Berlin

On demand

Nom.

On New York--

On demand ........ 2212

Credits, 60 days' sight 23%

On Bombay

Wire...

86%

On demand

864

"On Calcutta-

Wire

86%

On demand

On

On-Singapore. demand

On Manfla demand

86

56%

On Shanghai demand.

-751/2

Ön. Yokokawa-----

8514

(Bank's

buying rate).

1/4%

Silver (per oz.)

17%

Nom

Nom.

1% pram

natrons Oll Permanent Hair Wave which are Large, Soft and Natural, Artistic Flager and Marcel Waren Oll On Treatment, Shampooing, Henna Pack (any colour); Hair Cutting and Mani- cure for Ladies and Gentleman Con- On NATIONAL PROVINCIAL BANK LID.

scientious, Artistic Work by European Correspondents all over the world, Danking Busi- Expert, Mr. Alexander... name of 'every description tranmmated.

CHARGES MODERATE A STOXKINX,

China and large connections in the im- Hong Kong, 21st June; 1982,

portant commercial centres of the

world, we are able to extend to our

cilenta special facilities for domestle

and foreign banking and exchanges.

We also handle the issue of Bonds

THE

and other Fublic Funds of the Chin- AMERICAN EXPRESS COMPANY;

ese Government' both at home and abroad::

Hong Kong, 6th March, 1981,

THE YOKOHAMA SPECIE BANE, LIMITED.

INC.

SHOU J. CHEN,

Manager.

Hand Office-65, Broadway.

New York.

Capital Surplus

BRANCHES:

Established 1980.

مولة

Zeela

.U.S.86,000,000.00 U.S.$1,882,882.04

·U:8.81,458,118.73

Capital, (fully paid-up) Yen 100,000,000 Yen 117,300,000 Reserve Fund

Head Office:YOKOHAMA

Branches and Agenelen at:

Havnan

Hladinürg' Harri Interiakas Jaram

Brumadr Londo Bonds Sires Ldverpool

CAIŠINA

Logano

Colombo Maroline Constantinople... Monia, Carla,

Alexandri

Bistavia

Bombay

Nagasak Nagoya

Cunton

Changchun

Dairen' (Dalby): Rangoon

› Nawchwang New York

Osaka, 1-7: Faria Pelping

(Milder), {: Rio de Janeiro'

Edinburgh Floren

Mill Munich Mairoux. Milas

Rotterdam

St. Morita

Viamas

A VISIT WILL CONVINCE YOU.

For

TONE QUALIFY,

BEAUTY, DURABILITY,

obtain the

MORRISON

PIANO

(Guaranteed ten years

On demand Sovereigns:

Bar Silver In' Hong

Kong.

Copper Cash

Copper Conta

Rate of Native In,

terest: 84% pa. Chinese 'Sub., Coin 80% dis. Hong Kong Sab. Coin Par.

INDIAN TRADE CONGRESS.

In any event, there was another large block of expenditure on which

14

Lands, Hotels & Buildings.

*****

it was not an easy matter at the H.K. & S. H. (olds 0.60 10"

(New) 14.10 10.40| moment to make an immediate K. Landa ......$ 77), impression.

Shanghai Lands ... Ile. The principles which should Metropolitan Lands Tl. guide the nation's financial policy Humphreys .......... in the future seemed clear. First,, H. L. Realties .......... they should spare no pains to Asia Realñés. “A”"...MS achieve economy in public expendi

Above Chinese Estates ture wherever they could. all, they must resolutely face any China Realter' .......... TIs. question of policy which might be China Debentures...Tis. raised and judge, it not according to Cotton Mille their desires but according to their wo Cottom.The 188 resources. This should apply with

1.

Shanghai Caton...The.

special force to the social services.

The

Secondly. the appeal made by Zoong Sings the Prime Minister in that division Wing On Textile S'hais

a few months ago, when he said Public Utilities

•

that those who could still spend H. K Tramways aut ought to spend spending wisely Peak Trams (old)... {shew) ... and courageously-deserved the

Star Ferries 98 widest possible public support. There was a time when enlightened Yauma Ferries (old)...594 1 (New)...$ 59 expenditure constituted genuine China Light (old) $17.80 economy. That time was

(W)...! 19 and not least because national re- H. K Electric $77} venue ultimately depended upon co nctive trade, which drew its life- Sandakan Ligha ....$ blood from the spending of private H.K. Tes. fully paid $

part paid

money.

now,

Given those conditions, he was China Buses. Th confident that the note of carefully S'poreTraction Ord.- | restrained and reasoned hopefulness

which the Chancellor of the Ex-

Industriais

chequer sounded a few days ago Malabon Sugars ..................$] would not lack justification.

Cald: Macg. Ord....Tis.

Prof.... The Canton, Icelan

COTTON DEMAND MUST GROW.

Industry Leader's Challenge.

London, July 81.

19

Cements (com.)

(old) (NEW)

B. K. Ropes China Agriculture..

Stores, ks. Dairy Farms Wapons (cid)

Der A Wingering.

at Sinceres...DİRDİ.

Mr. Mills, president of the Lane Crawfords; mu$ 54. Federation of Master Cotton Spin-Mackintosha. ners Associations, speaking Madras, July 25. One hundred and eight delegates Manchester, challenged the pessi Wm. Powalls from all parts of India, represents mists who thought the cotton trade Wing On Textile H.K.5

Miscellaneous, ing fifty-four trade unions attend-of this country was down and ont

ed the Trade Union Unity Confer by remarking that there is hard- H.K. Anteny ... ence which commenced at Madrasly a single nation that would not Ch. Entertainment recently, Mr. Jamnadas M. Mehta be glad to change places with us." 8. C. Enterposes presiding.

In spite of the depression, he United Theatres ...? After the Presidential address, said, cotton accounted for 20 per Macsa "Greyhounds which was devoted mainly to a dis- cent of the country's whole ex Constructions (Old) ANDA (New). cussion of the recommendations of ports, and even during the past

„F.K. Gott. Lokaa the Unity Committee appointed last five years we had beld nearly half:B. Ind. G. Bonds;

Wallace Harper year, & general discussion follow of the total internations), trade in

China Sport Ltd: ed on the report of the Committee, cotton cloth.

Branches of American Express Com FOR SALE OR HIRE which was appointed to consider He admitted that there was an pany in Principal cities" of United

eways and means for the attainment increasing tendency for other coun Etates of America; and Canada. (10 play TE VAN AKOY Bvde of unity among the working classes tries to build up their own in-

All classes of Commercial Banking! Transactions undertaken.

Personal Finvest

ALONGE WA split among the workers TSANG FOOK PIANO declared that

COMPANY 7

lieved in revolu no plac

dustriesBut there is no need despair," he added. "When tion of

be we realise that the com

th throughout the wo

Chead

1:

... 10 Dec:[ 39 for 1991

uligumH

Deo. Last dividend for 1956......

10

Deo.

Deo.16 cents on sidi

9:30

18

ORTA ON NOW for 1931 Deo. Fin. T:12 making T:16 for 1991 | May 19,

Mar. 24,

Deo. T. 0.25 for 1981....

80

Apr..&for year Mij-12°

Mar 5, 1 July 30, 11

Dec. 66 ct() ctx.(new) for 1931) Mar. 18, 09: "Dec. || Interito $9 a/c (1938........). Pending

35 Doc, Interim T)- £20 s/s 1982...) July. 10, 98.

Sop, T. 1 year t-35. .....

Dec. | (33.39 un old

$10.80

130 cents on new?

Oct. 98, 91 Fab: 99, 39 Dec. Fin, 30 clammic 63 eta, for 1991), Mar. 2, 38

Deo.

3. CAP SONY:

144

Feb. 1Final: 93 making $1

Jaly #9, H

##

18.50/1.90

Dea. T.1.80 for 1231, blonde

"APT-

TO

|nd|| 2. 9:53 for half yoár 25-4=22

Oct.

10.60 June0-80 for year 3-6-01

Apr. 29, 37 May 21,82

Oct. 8, 31

22.00

Dec. Interim N VEM, ANT IGÉR ............

| Agr. | 169 cts: on new). 34(2

Dec. 85 for 128),

Dec. 1.76 101 199

Fending

Jane $.19 Fab, 11, 3 Apr. 27, H

17148...

17.60 Sept. 50 cu. for year 50-5-21

Dec. 60 for 1931

Deo. 41,$1

Mar. 18,95

[Deo.

Jane Nane

x.div₤29.50

Dea | Interlini 4% m/c 1937, ma

Pending

Dec. 1.0.90 for 1979

Feb. 14, 30

Sepi

jisig on preference sharúil. Subject to income tax,

Feb. 6, in

رابي

Dec, P. 4.60 for 1990, rom

·Mar. 1, 8

25.70 14.8

ན་ ིིཐཱཎྜ་ཨྰཿགྒཎྜ་གླུ་atsettཐLe+ཤྲྰི་ཧྥུ་ཟོ,,,aཙིདྡྷིཏྟཱ ཙྪཱ ཨོདྡྷི

Dec (3:30) or 2930 Mar. 94,8

July Beta for year 31-7-31. Ook.” 2, 31.

Mar.$1,5

on old)

Descent on for 1991

Dec. 15cta,bonustice.mk.#itor1937, April 7, 12

***

101 De

De

4

Ock

1.75 LOT KI

130 cents for yes 21-10-$7.

Mar. 9.

Apr. 19.43

Tok

Feb.

1st

For

· 120 cie, banns în eta,

Pag #1 bonus 30 eta for year was Apr. 20, 19 101 nonna 20 zła. Į for yet.

(making $1.80 |⋅ 29-2-83 .. May 17, 19

[June 8, 19

8.85

T:120, bereda 10 ata, for ya!| Apr. 13, 11

May, 06:50 191 pa61 31-5-81

Sept. 20; #1

Des..80 venta for 1981

Mar. 21, 45

Tune DufuNaiomili

Deci

1 mskng 30 eats. | zadas

FINNISH EXPORTS.

BANKRUPT GERMAN TOWN.

дене

July 29,

lenty