1932-08-12 — Page 2

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION."

- 1i

Authorized Depilal mımmımızın

$80,080,000- Camisel Fully Paid-up 30,000,000. Serve Funde s-

Shurling

Silver

$10,000,000

Kamera Liability of Proqriskóm B80,000,000 |

HEAD OFFICE, HONG KONG,

BOARD OF DIRECTORS 12.

Hon. Mr. J. J. Paleroco.

Chairman.

T." Z. Puron, Loq Deputy Chairman.

Hon. Mr. V. H› ‹Bal!!.

A. B. Campion, Raq... JL T. Johnson, Esq. 3. Making. Eng.

AMOY

BANO FOR

BATAVIA

DOMBAY

CALOUTTA

CANTON. BENO KOOLOMBO

DATREN FOOCHOW HAIPHONG

HANBORO

HANKOW HARRIS

BONOKEW

CLORO

ГРОИ

JOHORE

KOBE

KOWLOON:

J. A. Plumese

T. . . .

J. F. Warvon, Weg,

V.. M. Grayburn, Kat. (Chief Manegwi

BRANCHES

EGALA LUMPUR

LONDON

LTONS

MALACOA

MANILA

MUKDEN

NEW YORK

WEEPING.

PENANG

RANODON

SAIGON

BAN FRANCISCO

» SILANO HAL

SINGAPORE

SOURASYA

SUNGE PATANI

'TIENTHIN

TOITO

THINOJ LO

ZOKOHAMA

Current Arresté opened in Looni Durranay and Fixed Deposita salvet for a gas or shorter periods in Local Company and Ebeling

__THE_CHARTERED BANK 'OF INDIA, AUSTRALIA & CHINA.

THE HO HONA BANK,”

(Established":"1917.)

HEAD OFFİCE:-—SINGAPORE LOGAL BRANCE:34:

13 Queen's Road Central

Authorised Capital Stemits $20,000,000 Issued Capital

Paid-up Capital

Incorporated by Royal Charter, 1863. Reserve Liabilities

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund 27.

Reserva Liability of Pro-

peletora

$9,000,000 «£8,000,000 |

$8,000,000)

Agencies and Branches:

ALOR STAB

KUCHING

MADBIS

KAKLA

MEDAN

AMRITSAR BANGKOK BATAVIA

BOMBAY

CALUUTTA CANTON CAWNPORE C2B2

DOLOKBO

DELSI

HAIPHONG

HAMBURG

ЛУКОЙ

NEW YORK'

PMPING (Paklog.

PENANO

RANGOON:

BARON SEMARANG SEREMBAN

SILANG HAT

БЕХОДРОБЕ

SITIAWAN

- SOURABAYA

TONG KARL Dhuket). "

Banking business transacted..

Shareholders

#

H

8,000,000 4,000,000

of

4,000,000

THE CHINA

MAIL

Commerce

Finance

BRANCHES and AGENCIES in the NEW YORK STOCK

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: 55, Wall Street, NEW YORK.

Capital, Surplus, and

Undivided Proâts U.8.$225,503,775.00

Branches in

Current Accounts opened and Fix-JAPAN ed Deposits received for one year or shorter peridda at rater which will be quoted on application.

I

A. H. FERGUSON,

Manager.

Hong Kong, 8th July, 1932.

LONDON

MEXICO PANAMA PERU

TPINE

URUGUAY

EXCHANGE.

A.O.F.C. Quotations.

and

SHARE MARKET.

The official summary of the Stock Exchange issued yestery day:-

There has been a smart rise in Ewos and Hotela to-day. The for New York, Yesterday.

Last To-day's Changes mer, has declared an interim divi- Aver. Avera

dend of $5 candereens per share, 60 Industrizia 89.99 68.90 49 down which was rather unexpected, and, 20 Rails.....28.62 28.63 .01 up 20 Utilities.29.29 29.15 14 down consequently, produced a good

Mesars. E. A. Pierce & Co. re-effect on the market generally. |port:-The market is easy. Bust

Sales. nese done: 4,400,000 shares.

Last To-day's Price Price

51 78% 551⁄4

of Credits, Travellers' Cheques, Bill Drugs, Inc. of Exchange and Cable Transfers

Eastman Kodak Current accounts bought and sold..

General Electric and Savings Bank accounts opened and Fixed Deposits in local and foreign General Foods currencies taken at rates that may be General Motors ascertained on application to the Bank. International Harvester 31

We are also able to offer our Cus- International Tel. 4 tomers the services of the Brancher

Hong Kong Banks, $1,560, Union Insurances, $469/470. H.K. Hotels (Old), $10.85. Hong Kong Lands, "78. Ewo Cottons, Tis. 14.30.60. Telephones (P.P.), $28.60.. Cements (Combined). $15.70.

Buyers.

HK. Hotels (Old), $10.90. HK. Hotel (New), $10.40. Hong Kong Lands, $78.

ARGENTINE

BELGIUM

KARBIN

BRAZIL

Air Reduction

53

EDHT SONG

KUAR (Jshore)

ILOILO

[

ΤΑΥΡΙΝΟ

CHILE

"Allied Chemical & Dye 80

IPOH

TIENTSIN

CHINA

American Can.

* 54

KARACHI

COLUMBIA

ELANG

·THINGTAO

H

FOBE.

YOKOHAMA

CUBA

PORTO RICO

American Telegraph &

Telephone

1134

KUALA LUMPUR

ЗАМВОЛУПА

DOMINICAN

STRAITS

American Tobacco "B" 78%

78

Foreign Exchange

and

General

REPUBLIC

SETTLEMENTS | Auburn-

78

76

INDIA ITALY

Borden Company

31%%

29.%

VENEZUELA

Canadian Pacifc

13%

132

Commercial and "Travellers' Latters

Consolidated Gas of

New York

Union Insurances, $160.. China Fire Insurances. $620. H.K. Steamboats. $224.

56%

554

Union Waterboats, $20.

"41%

42

Raubs, $38.

Du Pont de Nemours. 40

39%

H.K. & K. Wharves, $140.

53

53.1

H.K. & W. Docks, $19,

18:3

184

28%

28%

Providents (Old) $5.

15%

15

$2%

Tel.

9

11

& of the International Banking Corpora Liggett & Myers "B" 56

tion in Spain and also of The National Loew's Inc. City Bank of New York (France) Pacific Gas & Electric 28 SA. in Paris and' 'Nice.

Pennsylvania Railway 16% Radio Corporation ... R. M. MCLAY,

Sears "Roebuck Manager. "Hong Kong, May 13, 1932.

55

28

27K

28%

15%

.7%

8%

23%

22%

Standard Oil Company'

of New

36 Зетиву Socony-Vacuum Corp. 11%

.34K* . 11

Carbon

25

26

Union Pacific

88%

8714

United Aircraft &

Trans.

144

14%

United States Steel.. 42% Westinghouse E. & M. 35.

"denotes ex dividend.

42%.

84%

Reuter.

berned which will be qunlad on application: Hong Kong. 6th April, 1982.

HONG KONG SAVINGS BANK.

The Budrais of the shore Bank. ir aondereshet.

HONG KONG AND BRANORAL BANK INO CORPORATION. Bules may be ebisland all-soglastion.

com fat BONOLONG AND CHANGHAI MEKING CORPORATION,

V. M. OBATBURN,

Chinć Maangor.

Hong Kong, 27th February, 1932.

THE BANK OF CANTON, LID.

Established 1912.

Head One: Hong Kong.

Amikorled Capital (H.K.. Ourony) ...$11,000,000. #ld-Up Capital

man $660,00 1,100,000

BRANCHES :-

Canton,

Shanghai, lankaw,'

Swałów,

Bangkok. Now - York and Gaz Pregolsoo

LONDON BANKERS:—

The Lord's Bank, Limited,

CORRESPONDENTS

Le all priscipal clilms of the World.

Forms Exchange and baking budases of

erry, Amcription transacted.

Sala Depoali Decas (various cima) si a poorly

·rendal of from 15 to $40,

LOOK POONG BEAN,

Chief Manager.

THE BANK OF CHINA.

銀國中

Reorganised October 26, 1928, under

special charter of The National Gov- arnment as 30.

-INTERNATIONAL Exchange

BANK.

Subscribed. Capital

.$25,000,000.00 1.324,7)-200,00- Reserve Funds .....8,826,08.82

Paid-Up Capita!

HEAD OFFICE: BHANGHAL

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 elents special facilities for domestic. and foreign banking and exchanges.

We also handle the issue of Bonda

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.

· (NETHERLANDS. TRADING SOCIETY,

BANKEBS.

Hublished 1874,

Hong Kong Offer:-li. Quaea's load Coptral.

1

.1. 80,080,000

THE BANK OF TAIWAN, LTD. Union Carbide

{TAIWAN 'GINKO.)

HEAD OFFICE:Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899."

Central Bank In Forces,

Dask Notes intued Average amount ...Yên. 45,060,806: BRANCHES AND LORNOTES:

||FAPAN 1—Tokyo, Yokohama, 'Koba, Onaka.

FORMOSA -Ok. Engi. Kamnio, Keelung..

Makong, Nanto, Ahlenhiru, Taichu. Telman, Tako

. Tamoul Toon. Hallo,. Talio

| CHINA :--Shanghai, Hankow,

Bwatow, Canton,

Amoy Foothow,

OTHERS-Eng Boati "Singapore, Soerabaya, Semarang, Batavia, Bombay, London, New York, Daimas,

LONDON BANKERS ;.

Barclays Bank, old, Lloyds Bank, Lid Midland Bank, Lid... Westminster · Bank Ltd.

The Bank has Correspondents in all the principal Commercial Centres throughout the world. K. NADURA,

{HONG KONG." BRANCH ;

13.. Des, Varuz Rond Central. Hong Kong, December 34, 1981.

Authorized Capital 1.150,000,000 ALEXANDER Paid-up Capital Reserves

1.20,015,000 INSTITUT

DE BEAUTE

Hand Odia:—AMSTERDAM",

Eastern Had Oficə :-—BATAVIA.

Beauchas 1---Baqdjarmasin, Bandoang", Bombay,,|

Caleutia Cheriton,

•Djumbe, Djak

Jakarta, The Hagun", "Janak, Zobe Makassar....Modas, Palembang. Pole

Phone 25169.

Fodder Building (Let Floor)

songan. Pensong. Bangoon, Rostardam*, | Opposite · Entrance to

„Bemarang”, „Blangbal, Singapore, Boers-

sis, Coerslegte (Solo), Tags, a

and Wallstredea®,"

*Thane offices by Bais Deposit Boxes to Lat

Hong Kong Hotel

Manager

יו

EXCHANGES.

Bank, wire

TO-DAY'S QUOTATIONS.

On Lendoa...Nr.

Bank, on demand

1/8% 1/3%

Bank, 4 months" "aight 1/4 Credits, 4 months'

sight

On Paris-

On demand J.

Credits, 4 months'

Ewa Cottons, Tls. 14.60. Hong Kong Trams, $22.90. Peak Trams (New), $72. Yaumati Ferries (Old). $34. Yaumati Ferries (New), $33. China Lights (Old) $18. China Lights (New), $171⁄2. Hong Kong Electrics, $7734.

FRIDAY, AUGUST 12, 1932,

Malabon Sugars, $23.

Cements (Combined), $15.70.

Dairy Farms, $274. Watsons (Old), $12.80. Lane Crawforda,- $5.40. HK. Amusements, $19. United Theatres, Tls. 5. Constructions (Old), $7%. H.K. Govt. Loans, 3% Premium.

Sellers.

Hong Kong Banks, $1,560. Benguets, $165. H.K. Hotels (New), $10.50. Hong Kong Lands, $78.

CARROLL BROTHERS...

Shares:-

PARLOUS PLIGHT OF FARMING.

Auctioneers' Help Proffered.

CREDIT QUESTION.

The presidential address of Mr. H. Mordaunt Rogers, London, at the annual meeting of the Auc tioneers and Estate Agents Insti- tute of the United Kingdom, in, the Municipal Pavilion, Bournemouth,

The following" is the latest recently, was listened to with the cabled quotations of Shanghai greatest interest by a large num

ber of members. China Finance Corp., 75:45, International Investment Trust

Co. Ord., 17. Cathay Land, T11.50," Yangtaze Finance Co., 6. International Assurance

* T4.05.

China Realty Co.; Til: Shanghai Land Investment

$24.75.

Dealing with agriculture the. president said that there were roughly 30,000,000 acres of agri- cultural land in the British Islea.. Of those less than one-third were Co., now arable

In the last ten years permanent grasa land had increased by over Co.. 1,000,000 acres and arable land had decreased by 1,800,000 acres. New Engineering & Ship Build The area under wheat had decreas

"Ing Works Ord, 15.75 ed by 600,000 acres, barley and oats Shanghai Dock & Engineering by 400,000 acres each, and potatoes

Co., T84..

by 180,000 acres. That had, of Shanghai & Hongkew Wharf Co., course, contributed enormously to

* T216,

unemployment in agricoltural

The gist of views he had obtain Ewo Cotton Mills, Ltd., T14.25.ed from agricultural members of Shanghai Cotton Manufacturing the Institute was that the present

Co., 476,

Government was trying to do

ተነ

Shanghal Electric Construction areas.

Co. B', T28.75...

Zoong Sing Cotton Mills, Ltd., something for agriculture, but at

11.

great deal more must be done be

American Asiatic Underwriters, fore the industry could again, be

Ord., 725.

American Oriental

Corp. 'B', T2450,

come a thriving one. Agriculture Finance was a very difficult industry to sa

sist, and what helped one branch did not help another.

Asia Realty "Bearer"; 27, » Chinese 5% Gold & Bonda, 1925,

-60%.

HAWAI'S COMMERCIAL

IMPORTANCE

POPULATION NEARLY EQUAL TO SEATTLE.

aub- pur-

"

System of Credit Sales.

The importance of the auction as a medium for the marketing of agricultural produce of all kinds was universally recognized. The scheme promoted by the Farmers' Union recognised it, and the series of marketing reports issued by the Ministry did the same.

There was one factor in regard. to that matter which could not be too strongly kept in mind-the question of credit. The members. of the public in general did not realise the extent to which credit For a

The Hawaiian Islands to many. Navy establishments for are a refreshing memory of a de-sistence and maintenance lightful and lovely vacation where chases alone. The privite par entered into the matter. the warm, deep blue surf ripples chases of the Army and Navy per small commission on sales, the through coral reefs and over golden sonnel are in addition.

auctioneers gave considerable lati sands to the green fringe of bow- The purchasing power of 870,000 tude to purchasers in the matter ing palms and tropical flors; where people is surprisingly steady we of credit, and took the risk of bad the climate is genial and life is are told. The industrial pay rolls, debts. gentle amidst romantic atmosphers, the Federal activities, the tourist

He was told by competent agri- 1744 nom. Hawail to others is ignificant be influx and the supporting business cultural advisers that the scheme

cause of its position at the cross-activities have insured a ∙stable

which was at present under con- roads of the Pacific and for its buying power, higher than average. alderation, however good it might commercial importance, writes R. The income tax that Hawail paid appear on general grounds, was 625 nominal B. Koeber, Manager Research, De- to the United States Treasury dur-likely to come to grief on that im- partment, San Francisco Chambering the fiscal year ending June, portant point of credit. Indeed, it of Commerce, in the Pan Pacific 1931, amounting to nearly $5,000,- would seem that the present sys- Union Bulletin.

000, was substantially ahead oftem of credit sales could not pos-

585

sight

On Berlin-

On demand

Nom.

On" New York-

On demand

23

Credits, 60 days sight 24% nom.

On Bombay

Wire

870%

On demand

879

On Calcutta-

Wire

87%

87%

On Bingapor

On Manila— demand

On Shanghai—

>

On demand

75

A VISIT WELL CONVINCE YOU.

On Yokoham 3-

On demand

88%

strous Oil Permanent Hair Ware which are Large. Soft and Natural, On demand Artistic Finger and Marcel. Waves: Dí Treatment, Shampooing, Henna Fack NATIONAL PROVINCIAL BANK LID,

(any colour), -Hair Cutting 125 Mani- cure for Ladies

Gentlemen Con- Correspondente él over the world. Basking Busciantions, Artistic Work by European On

LONDON BANKKEN :--

Imans of every description texansoted.

A. BTOXEINI,

Manager. Hong Kong, fist June, 1982,

THE

Expert, Mr. Alexander.

CHARGES MODERATE.

and other Public Funds of the Chin- AMERICAN EXPRESS COMPANY, For

ess. Gavernment both, at home sid abroad.

Hong Kong, 5th March, 1981.

ING.

SHOU J. CHEN,

Manager.

Head Office68, Broadway. New York.

Capital Surplus

U.S.$5,000,000,00

U:S.$1.882,332.04|

US 458,116.73

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880.

Capital (fully paid-up) Yeu1,00)600,000

Reserve Fund.

¿Yen 117,200,000

Head Office:--YOKOHAMA

chon, and Agencies “at:

(Dalny)

@Nagasaka“

Nagoya

Newchwang

New York

Osaka

Pribing

Rangson

akden) Rio de Janeiro

Ban Francisco

TONE QUALITY, BEAUTY

DURABILITY, obtam the UJA

MORRISON

CPLANO

merloan Express Com FOR SALE OR HIRE pal, cities „iaf... United: 'Bestas"of "Amaélés" and Canada.

All classes

On demand

Sovereigns (Bank's

buying rate) Silver (per oz.). Bar Silver in Hong

Kong.....

1/4% nom 18 15/16

Nom

Copper Cash Sovia Nom. Copper Cents

Rate of Native · In

terest"...

836% Pa Chinese Sub. Coiri,29% dis. Hong Kong Sub. Coln %% dia

LONDON EXCHANGES.

88 15/16.. 8.484

London, Yesterday.

New York

Montreal

4,001⁄2

Brussels

25.12

Geneva

17.90

Amsterdam

· 8,67

7814

Milan. Berlin Stockholm Oslo

Vienna Copenhagen Prague Helsingf Madrid

14.813

19.474

19.81/82

29 nominal

18.78 118

2321⁄4 48

· Lisbon

∙110

Commercial Banking

TSANG FOOK PIANO Buchare

COMPANY

Belgrade

investm

Hawali, the third fastest grow-thirteen of our states.

sibly be continued if the scheme ing section of the United States,

Federal Money.

came into operation. Federal money, for major con- during the past ten years, was ex-

Mr. A. J. Burrows, proposing a ceeded in rate of growth only by struction projects in connection vote of thanks to the president, re- California and Florida.

with Army and Navy Bases ferred to Mr. Rogers'a remarks on To-day, Hawail has a population amounts to many millions of dol-agriculture. Never within living nearly equal to Seattle, Kansas lars. The annual tourist expendi-memory, he said, had agriculture City or Indianapolis. The great tures are in excess of $10,000,000. been in such parlons plight. Noth majority of the 370,000 people in Hawaii's purchasing "power ising the average farmer produced the Islands are in and about Hono-established on solid tangible re-could he sell at prices which would

sources. ilulu on the Island of Oaku.

cover the cost of production, with Were we to draw a map to scale Fourteen hundred vessels during the possible exceptions of poultry, based on freight rates from San 1980 called at Hawaiian porta, fruit, sugar beet and milk. Francisco, Hawalf would appear Trade gains based on quantity of though the fixed agricultural work- just outside the Golden Gate, not receipts in Hawail during the year ar's wage rate was entirely un- far beyond the Farallones-a dis-ending June, 1981, compared to the economic, they knew the labourer tance no further than an air line previous year were reported in 79 could not live in peace and com- to Sacramento or Stockton.

items in many classifications. In fort on less wages.

I

·AL··

What this means to San Fran- the group of vegetable food pro-

Remedy in Self-Help. claco and Hawaif is but partially ducts and beverages 58. Items

What was "the remedy?" Mr. symbolized in the shipments from showed gains: in the textile group Burrows asked. The decrease in Rawail to the mainland of more 55 items; in the metal and manu arable land meant less food pro- than $108,000,000 of products dur-factures group (excepting machin-duction and more dependence on Ing the year ending June, 1981-ery and vehicles) gains were the foreigner. How could they ar (a ̈6 per cent. gain over the pre-shown in 40 items; in the machin- rest that tendency 1 ceding year) and receipts of over ery and vehicles group 21 items, in The National Government "had

100 of goods from the the chemical and related products done somethin

which

*the preponderance of group 27; items in the wood and port duti

through the Fort of paper gropp 22 Items, in the non- For those San Francisco Ninety per cent. of metallic mineral group 12 Items; were grateful, but they Hawai's receipts originate in the in the vegetable products group these were only the first. Instal United States mainland of which (inedible except fibre and wood)ments of a much bigger pro- nearly two-thirds clear through the 12 Items; in the animal and animal gramme, and the first rangs of the Port of San Francisco and one-↑ products group (edible and ladder which agriculturists them eighth through other Pacific Coast inedible) 12 items and in the mis-selves, with some Parliamen ports. AWTHON TRA

cellaneous OT

group 14 items help, might be able to build on --- Varied Activities....

The total shipments from Hawaii which to climb to some measure Here in Hawall we find a friend gained $5.260,000 during the same of future prosperity

ly and nearby neighbour with period ending June, 1981. Tha But they inst help to build. numerous "and varied activities all | principal items, showing an in- ladder themselves. ricultural interwoven with the activities of grease, includa, sugar, (pineapples members of the Institute in con the United States. But particularly (hoth, fresh, and cann • Cokes, tact with landed interests, could do those of the San ♬ Francisco Bay Molagher, animar aide

much to help in the developm ition to enable fi

bones, hoofs, horna,

From the productive shores of grain, and grain these Islands hundreds of million Aberndance) lof dollars of sugar cane afd pins The abnormal rit

apples have been developed The conditions in the deep foundation sofa, the Perife mainland -have-not tions are being laidin mahizantrinothe Isla

bojan indur of unemp

acking work wo thened very likelysby

ply of help alwa

and