1932-08-15 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Lahorized Cupiin? ... Lound and Pully Paid-up

Beserve Panda 1--

Shocking

Banery Liability of Proprision $21,000.000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE HO HONG BANK, LTD.

(Established 1917).

HEAD OFFICE:-SINGAPORE: LOCAL BRANCH;—

13, Queen's Road Central

THE CHINA MAIL.

Authorised Capital Stemità $20,000,00

Lasued Capital

8,000,000

Paid-up Capital

4,000,000

Shareholders,

4,000,000

Incorporated by Royal Charter, 1853. Reserve Liabilities of

BRANCHES and AGENCIES in the principal cities of the world.

Every description of Banking and Exchange business transacted.

850,006,000

.800,004 $10,000,000

HEAD OFFICE: LONDON.

HEAD OFFICE: HONG KONG.

Paid-up Capitał

Reserve Fund

BOARD OF DIRECTORÍ :.....

Reserve Liability of Pro-

prietors

.£8,000,000 (£3,000,000

#3,000,000

Agencies and Branches:

ALON STAN

KUCHING

THE NATIONAL CITY BANK OF NEW YORK.

PZIPING (Peking)-

Hoa. Mr. 1. 4, Patreon. Charman

«T. E. Passos, Esq. Deputy Chairme..

Han. Kr. W. 11. "Bell,

B. Compton, Eag

1. Johann,. Eng..

MOT

BANGION

COLOMBO

J.. A. Plumme

7. 11. 2. Chan, Zaj

J.-P. Warren, Kan

V. M. Graphượn. Esg: Chief Maniger.

POOCHOW BAIPHONG

BRANCHES. —

LONDON.

LYONN

MALARCA MANILA

MUAR (Johor)

NEW TODE

FELTINO

PENANG

RANGOOK

SALOON

AMRITBAN

BANGKOK BATAVIA BOMBAY CALCUTTA CANTON

DAWNPORK

CEBU

COLOMBO

HAIPHONG HANDUNG

ILOILO

IPOR

KARACHI

KLANG

• КОНЕ

KADHAR

MANILA,

MEDAN

NEW YORK

PZNANO

RANDOON

BAIGON

GEMARANG

-SEREMBAN

SHANGHAI

BATAVIA

BOMBAY

CALOUTTA

CANTON

СПЕРО

DAIBEN

MUKDEN

HAMBURG

SAN FRANCI800-

BANKO

SHANGHAI

HARRIN

SINGAPORE

BONGKE

SOURABYA

HOLLO

AUNGET PATANI

ТРОЙ

TIENTRIN

TURORE

KOWLOON

KUALA LUMPUR

TORYO

THINOYAO.

YOKOHAMA

Cermal Ante, opened la Local Carevacy sad and Deposita mcired for cos y Dr shorter period in Local Company and Hartlog-

same which will he quoted on application.. Hong Kong, 5th. April, 2014.

HONG KONG SAVINGS BANK.

·Yan Basmass of the above Bank is wonde

By the BONG KONG AND SHANGHAI BANK- tka DORPORATION Bu'n rany be, oblasť Mention..

'FOR THE HONGKONG AND BHANGHAI BANTENG.CORPORATION.

V. M. GBATHUEN,

Okiel Manager.

Flong Kong, 27th February 193à.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofoe-Hong Kong. Authorised: Capital (H.E,, Cartono7) 1,000,000 Pald-Up Capital

Baserri Zuid lanča

DBANCHES:-

DELHI

KO LEONG HOE, Managing Director.

HEAD OFFICE! 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.3205,444,512

Branches in:

ARGENTINE LONDON

HANKOW

SINDA PORR

BELGIUM

MEXICO

HARBIN

KITIAWAN

BRAZIL

PANAMA

TONG TÔNG

NOURABAYA

CHILE

- TAIPING

TIENTSIN

CHINA

PERU PHILIPPINE

TONGEAR (buka1};

COLUMBIA

TSINGTAO

YOKOHAMA

CUBA

ZAMBOANGA

DOMINICAN

REPUBLIC

General

INDIA ITALY

KUALA LUMPUR.

Foreign Exchange and Banking business tranzacted...

Current Accounts opened and Fix-JAPAN ed Deposits 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 Cashed in 15 minutes

while you wait.

SAVINGS ACCOUNTS

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

EFFICIENT-TRUSTWORTHY-

RELIABLE-COURTEOUS.

ISLANDS PORTO RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

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

MANAGING THE CURRENCY.

MONDAY, AUGUST 15, 1932.

CHINA WANTS OUR

Commerce and GOODS.

Finance

Money Linked With Commodities.

six

Right Moment For Trade Drive.

EXPERT'S "ADVICE.

A

dangerous competitor

country by reason of the cheapaesa of her production costs

In spite of German competition. however, Mr. Millington said, “many of the things that Great Bri- |tain makes to-day could be sold. easily in the Chinese market, and at a profit. The position of the Exchanges makes · Great Britain's chances much more favourable at the present moment."

A

Colour Warning.

2. Cheap commodities, applicable,

to the market,

British Empire it is contemplated that the United States, Scandinavia | and South American Republica

London, August 1. might co-operate in working a That the time is opportune for| managed currency system.. ⠀

an attack on the Chinese market is The chief essentials for a success- The Central Banks of the parti- the hint conveyed to British manu ful British attack on Chinese mar-- cipating countries would meet in a facturers by Mr. F. C. Millington, kets, as laid down by Mr. Milling- central "bankers clearing house. founder of the only British adverton, are: This would not involve the creation tising house in Shanghai, who is 1. First-class personal representa.

over-riding international) now on a visit to this country. of an

tion in China; ..

·COMMERCIAL VIEWS.

bank. The clearing house would be Mr. Millington told a representa- merely an exchange or mart where tive of The Daily Telegraph that establishing a the central banks" (through whom the occasion is worth a special Proposals for

3. Attractive packing and pre "managed currency "system are all exchange transfers would be effort, because Japan, owing to the sentation.

The importance of personal con made in a report drawn up by a conducted) would meet on absolute resentment felt by the Chinese at committee of the London Chamberly equal terms for the purpose of recent events in the Far East, ie, tact was stressed. The appeal for Commerce.

transacting business. They would for a time, out of the economic must be made by someone who hunt, while the United States, be-understands the people. Merely to The committee, of which Viscount work to fixed exchanges. Leverhulme was chairman, propose

Western advertisements. Exchanges could, by agreement, 'cause of depression at home, has translate that:

be fixed at the old gold parties, at lost much of her initiative in for into Chinese was quite useless.

Similarly, goods which were "put. Currency should not be based on the average rates ruling over aeign markets. Germany, on the gold, but

given period, or at any other ratios other hand, is making a great bid up" attractively enough for other Should be made to relate to all which might be agreed upon. for the Far Eastern trade, and is parts of the world might fall flat commodities which are produced.

The report has been approved by the council of the London Chamber of Commerce as a basis for discuss

of Exchange and Cable Transfers sion at the Ottawa Conference.

In a survey of the present world' Current accounta bought and sold..

point to and Savings Bank accounts opened and situation the committee Fixed Deposits in local and foreign various difficulties which in their currencies taken at rates that may be view have arisen from the operation ascertained on application to the Bank.

We are also able to offer our Gas of the international Gold Standard &tomers the services of the Branches system. Such a system, they ob- of the International Banking Corpara serve, is "out of date in a scientific tion in Spain and also of The National age." "City Bank of New York (France);

S.A in Paris and Nice.

R. M. MCLAY,

Maneger. Hong Kong, August 12, 1932.

.

#668.000 1,100,000

144-150, Den Voeux Rd. C.

Canton, Shanghai, Bankow". Swalew, Bangkok, New York and an Fression.

LONDON BANKERS

The Lord's Bank, Limted.

CORRESPONDENTS

En principal cities of the World.

Foreign Exchange and banking business of

** Emscription transacted:

Bad Deposit Boxa (various simsa) ak a yearly

riad of from $5 to $40.

LOOK" POONG `SHAN,

Chief Managar.

THE BANK OF CHINA.

銀國中

Beorganised October 26, 1928, under

special charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGË

BANK.

Subscribed Capital .....$25,000,000.00

Paid-Up Capital

..$24, 300.00 Reserve Funds ......5 3,820,003.82

HEAD OFFICE: SHANGĦAL

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 ellants special facilities for domestic

and foreign banking and exchanges.

NEDERLANDSCHE HANDEL-

MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING "SOCIETY);

*BANKERS.

»Established 1924,

www.

Hong Kong Oos-11, Queo's Boed Central:

Authorised Capital

Paid-Up Capital

Reserves

HEAD OFFICE:-Talpeb, Formosa Incorporated by Special Imperial

"Charter, 1899.

Bank-Note Inaded Average sales. 45,000 and

tinue with

Kalung

York. Dairea.

LONDON BANIËRS Barclays Bank, Ltd., Lloyds Bank, Eld. Midland Bank, Ltd., Westminster Bank, d

Commarcia Centres throughout the world.

*K, NAGURA,

Manager

HONG KONG BRANCH:

9, Don Vaux Road Central. Hong Kong, December 24, 1931.

1.150,000,000 ALEXANDER

1. 80,080,000 ... 20,018,000

INSTITUT

ན

Empire Products In Wide Demand

New Trade Records Set By Exports

that so long a BRITAIN'S

Chaos in Europe...

MARKETS OPENED DOMINION PRODUCERS

ata

because of the neglect of small, but vital points, such as colour. White cartons that might do much to sell goods in England would have only funereal' associations for the Chinese. Red stood for happiness, and it was the Chinese gala colour. Purple also had a great attraction for buyers in the Far East.

Constructional material, and ma- chinery were likely to be greatly needed In China for a number years, Mr. Millington said, especial- ly in view of the replacement necessary after the recent destruc- tive war. In Chapel alone the value of the razed buildings has been estimated to exceed 100,000,000 dollars. Other fields worth the at-

TO tention of British manufacturers

and exportera" included:

Typewriters and office appliances

(in which inroads are being made on American supremacy), leather

The change which has taken place work which should be agreed upon goods, raincoats, pottery and tiles,

radio sets; expense gramophones,

and prietary medicines, manufactured

Fro

The committee adduce the circum, [stances of the international war debts and Reparations situation as further evidence of the necessity for a reform of the monetary sys- THE BANK OF TAIWAN, LTD. tem. They remark:

"It is obvious (TAIWAN GINKO,)

attempts are made, to meet these international obligations, under threat of bankruptcy, there can be no hope of world recovery.

"On the other hand, it must, bé Central Bank In Tormek

recognised that if we are to con in the buying habits of the British between the various Empire coun- glass, electrical storage batteries, BLANCHES AND AGRNOIRS...

our present monetary public and the growth of the de- tries so that effort and JAPAN--Takyo, Yokohama, Kobe, 'Osaka

system, Germany, relieved of her mand for Empire goods is clearly might be Eagl Kanako,

concentrated FORMOSAÖlü,

Makong, Nanto, Shinchiku, Taich, Talan, ability for reparations, and with a Takas, Tames, Toes, Helio, Talts

Amey Foocha, far lighter taxation per head of the brought out in the Annual Report economised. Acting upon this sug-foods, chocolate, wines and motor- CHINA:Shanghai, Hankow.

Swatow, Canton. OTHERS Hoe Kook. Sing porn, Boerabaya, population, would be able to under- of the Empire Marketing Board, gestion the Board has initiated an cars.

which is published. For 25 interchange of views on what pro- That success awaited the employ Samarang, Baisria, Bombay, Loudon, New sell all the other industrial nations Empire products, new records in blems of economic importance to the ment of the right methods had been

In every market of the world and it

or three would be merely a question of time quantities of imports have been Empire most urgently need the fur proved in the last two

established, and for more than half ther application of scientific yours, said Mr. Millington, by the The Bank has Correspondente. In alt the principal/before another economic crisis was of these, the record now surpassed research.

sales of Morris and, Austin cars, precipitated.

was made in the previous year, It has been the Board's practice, Craven A cigarettes, Lever's soaps, "If, therefore, we are. not pre-There is an upward tendency at since its foundation in 1926, to and other commodities. To-day pared to face reform in the work in spite of the diminished make grants for a term of years to Morris cars, which ten years ago monetary system, we find ourselves buying power of the public. existing institutions in conjunction were unknown in Shanghai, were. on the horns of a dilemma.

The Report quotes as instances with other bodies. This method has more plentiful on the streets than wheat and wheat flour, frozen pork, worked admirably, but it makes dis-any other make, with one exception. "If Germany is not relieved of butter and eggs from Australia, continuance difficult. To stop As showing the possibilities of reparations and war debts, chaos in frozen lamb and butter from New research that is underway is com- the country for development, Mr. Central Europe must result. On Zealand, eggs and sugar and wine monly to sacrifice money already Millington stated that whereas in other hand, "If she is relieved of a 50 per cent. increase for wine), spent and work already done. In 1921 China had only 1,500 miles of them, within a short space of time grapes and grapefruit from South the interest of national economy the motor roads, in 1925 she had ten an economic crisis would arise in Africa, bananas from the British Board is making at present scarcely times the mileage, and in 1981 she the Allied countries, as they would West Indies and canned pineapples any, fresh grants, and it has suc- had 35,000 miles. Between 1925- find themselves 'undersold in every from Malaya: Included in the list ceeded, with the co-operation of the and 1980 she imported over 29,000 market of the world by Germany.”

are such comparative novelties in institutions concerned, in reducing motor-cars. As a means of meeting the pro the United Kingdom market as its present commitments by between Lustrous Oll Permanent Esir Waves blems with which industry and com-Canadian which are ·Large, Boft and Natural, merce are faced, the committee ad-apples and Cyprus oranges, all of economies in publicity and market- Artistic Finger and Marcel Waves, Clivocate the operation of a managed which have done better than ever ing work enabled the Board to meet (Continued from previous Column) Treatment, Shampooing, Henna Pack currency by means of the redis- before. A large number of other the call made upon it by the LONDON, BANKEES :--

(any colour), Hair Cutting and Macounting of bills. NATIONAL PROVINCIAL BANK LID.

sure for Ladies and Gentlemen. Con

commodities have just failed to Treasury last summer for the sur-Recent investigations have been on the digestive The essence of this system, it is make a new record this year. Thus, render of £110,000 trom its total concentrated Correspondents all over the world. Basking Balelentious, Artistic Work by European

Expert, Mr. Alexander,

declared, is that currency is made coffee from East Africa has excelled Vote of 2550,000. For the present methods of the blow-fly larva and Dose of avery description transmotad.

CHARGES MODERATE: A. STOXKINL, ·

the servant of industry and not its all past years, with the single year, 1932-33, the Vote of the Beard its digestive juices have been A VISIT WILL CONVINCE YOU.master. The committee explain: Mango

minutely scrutinised. In spite of exception of 1980,. and South is £300,000. Hong Kong, 21st June, 1982.

"The currency is covered by all African oranges, totalling nearly a The main body of the Report is the extreme difficulties of this commodities as represented by the million cwts., were 83 per cent concerned with the progress made microscopic work, great advances eligible commercial bill and not by higher than in any previous year, by the various scientific and agricul. have been made and the relation be- one commodity-gold, which can be except 1980.

tural institutions which the Board tweep maggot and bacteria are more cornered...

Buy British Campaign. is supporting The Aeld is as fully understood. "The volume of currency rises The Report contains the story of wide as the Empire Itself. The

New Fruita. and falls proportionately with pro- the "Buy British" campaign of Food Investigation Board of the Of the new fruits experimentally duction, as re-discounted commercial November and. December last, and Department of Scientific and In- shipped to the United Kingdom bills behind the issue, being self-gives the facts both about the camdustrial Research in co-operation market in the past year, which in- liquidating, are in a constant state paign itself and about the remark with oversea workers have been at clude plaeapples, grapefruit and of Aux.

able response it met with from all work on questions of food storage, oranges from Nigeria, oranges from "Currency would be immune from sections of the community. More of the right temperatures in the Australia tomatoes from British manipulation or management either than 4,000,000 posters were needed preservation not only of meat, but West Indies and Palestine, almonds internal or external; it would be to meet the demand for window dis of fruit and vegetables, and of the from Cyprus, and Avocado – pears automatic."...

i! play, whether on public buildings or best sizes in which to store them from the West Indies, perhaps the In order to carry out such a private motor-cars. The generous

Frozen Fishe

most interesting is the Indian and system, the committee propose that co-operation of the press, the

Progress has been made at Aber-West Indian mango. The mango is.

Head O-AMSTERDAM", Eastern Head Ofos ---BATAVIA.

|Branches :-Bandjarmasin, Baodong, Bombay,

Calcutta, Charbon, Dr Do jakarta", The Hages"," "Jiddab, „Kobe, Maknany, 22 Modan, Palembang, Faku longan, Fenang, Rangoon, Rotterdam, Hamarang", Bbangkal, Bingapore, Bara

and Weltevreden”,

bela, Goerakarta (Solo), T,

These allons have Safe Deposit Boxes to Let.

THE

We also handle the issue of Bonds AMERICAN EXPRESS COMPANY,

and other Public Funds of the Chin- ses Government both at home and abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 8th March, 1981.

INC.

* Head Office:-65, Broadway.

New York.

Capital Surplus

Reserves

THE YOKOHAMA SPECIE BANK.

* LIMITED,

Established 1880.

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

Rameya Fund Yen 117,800,000|| la

Head Office:--YOXOBAMA.

Branches and Agencies uti

Alexandria.

Batavia

Berlin

Bombay

Calcutta

Canton

Changchun

.13.5:$6,000,000.00 - ‚„US:$1,832,822.04°/

.U.8.$1,458,116.78

BRANCHES:-

Gunca Ganger

Beriordom

Steenbend

DE BEAUTE

Phone 25189. Pedder Building (1st Floor)

Opposite Entrance to

Hong Kong Hotel.

For

TONE, QUALITY, BEAUTY, DURABILITY,

obtain the

Hern Interlaken

Prog feling Palerme

Nagasaki, Nagoya

Newchwang ¡New York

Osaka Paria Peiping

Caleaks

Florenor Gmers

Lido London Liverpool Locarn Lagia Inzer

Opentinople Monis Caric

Manila

Montrose

MORRISON

PIANO

Moabda Tipha

Dairen (Dalny) Rangoon

Fongtian (Mukden) Rio de Janeiro,

·Hamburg

Flankow, Harbin

How Tony.

Honolula

Karachi.

Kobe

London

Los Angeles

Maniki

Interest: allows

Depo

San Francisco

Seattle

Semarang

Shanghai Shonou

Singapore Soerabaya Sydney Tientsin

1982

(Guaranteed ten years)

Branches of American Express Com FOR SALE OR HIRE pany in Principal cities of United States of Amerscs and Canada,

All classes of Commercial Banking Transaction undertaken.

Personal investment account handled.

The Company; offers to Travellers the use of:

મઃ

tobacco, South African 10 and 25 per cent. Similar

the Bank of England should become B.B.C., the cinema industry, the deen in freezing fish in such a way exceedigly rich in Vitamin C, six a central bank pure and simple. Railway Companies and many as to retain its qualities unimpaired, times as rich in fact as any other The Board has been foster. No Gold Shipment. others enabled this campaign on an By brine freezing and cold storage, fruit. All joint stock banks and private unprecedented scale to be run at a perfectly fresh fish will emerge at ing the growing Empire interest in banks accepting deposits and mak-cost to the Empire Marketing-Board the end-of-say, three-months with Tung Off production and the frat ing advances would be obliged to of no more than £12,000.

all its pristine perfection of appear fruita from Kenya, Assam, the The Report describes a new alde ance, flavour and texture. An Im-Transvaal and India of the original become members of the centrál banking system. A Bank Act would of the Board's work, that of market portant benefit which Is promised Tung Oil seeds sent out from Kew fix a maximum of nine credit pounds promotion. The importance of this from the cold storage of fish in the have now been received. Tung Oil to every gi cash held (the banks work was specially emphasised at disappearance of seasonal gluts and is a highly valued ingredient. In are at present holding 10 per cent. the Imperial Conference in 1980, shortages, particularly with ber-many paints and varnishes, parti- cularly in varnish for aeroplanes. ?⠀ of their total deposits in liquid cash, and the Board has met with much rings.

ie, they are landing 10 credit success in approaching local au- The mineral contents of pastures In the field of marketing Intelli- pounds for every El cash hold) and thorities and other large scale and other aspects of animal has gence the Board publish striking the Central Bank would be authoris buyers, so that some 1,250 institu- bandry have been the subject of figures to show the success of the ed to vary this ratio by 5% at a tions have revised their forms of continued investigation in the past policy of canvassing retailers In- TSANG FOOK PIANO time as circunstances demand. At tender in the interests of Empire year, and the Board is advancing 4 dividually. For six months per-

COMPANY

8, Des Voet

and Letters

SA Entrance Its Hot

roughly equipped Trä

Scientific Research.

the first sign of inflation on the producers, cho

for £ with the Pastoral Research sonal calls were made on every Financial credit side the Central

Trust In Australia for close study wholesaler and retailer of butter in Bank would gradually reduce the As in previous years the bulk of of sheep diseases. Throughout the principal Lancashire towns. As a result of these visits the propor“. ratio until it as affective, are the Board's Income has been devoted South Africa, New

tion of those selling With regard to the International to scientific research. Some 10 out of Great Britain,

the problem, it is stated the 100 pages of the Report describe Australia, the

sely varied fields of practice of making inter- the imm

of gold

·In addition to countries the

the Board's

1980 tre

bottle,

rose from 56 to 78 per

retail mar

for butter

aveahown.

tafa

New

the last two

butter

emand