1932-08-22 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Ausbortred Caplin

$50,000,000 fused and Fulty Paki-us' minum. 36,000,000 Leerre Fuzda;--

Beling Allvar

$10,000,000

Reporte. Linbility of Propriators vs $20,000,000.

HEAD OFFICE: HONG KONG,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA."

THE CHINA MAIL

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

8,000,000

4,000,000

4,000,000

Paid-up Capital

Incorporated by Royal Charter. 1858. Reserve Liabilities of

HEAD OFFICE: LONDON,

Paid-up Capital

.£3,000,000

Reserve Fund

Reserve Liability of Pro-

prietors ...

*. £3,000,000

£3,000,000

KUCHING

PELPINO (Peking)

BOARD OF DIRECTONS į—

floo.. Mr. J. J. Paternos.

Chairman.

T. E. Fearon, Bachric

Deputy ChairmaR.

Eon, NJ. V. 1. Bell,

Complau, Ming.

T. Jobasan, iq,

ANOT

BANOROK BATAVIA BOMBAY

CALCUTTA

CURIOU

COLOMBO

DATREN POOCHOW

HALPHONG

HAMBUR HANKOW

HONORW

J. A. Plumas. Tag:

H. En, Eng 2.2. Warren, Bog

*

V. M. Gnyburn, Baş- Chial Manager.

"BRANCHLES:1–

LONDON

MALACOA

AX FRANCIACO

Agencies and Branches:

ALOB STAR

AMRITSAR · ·

BANGKOK BATAVIA

BOMBAY CALOUTTA CANTON CAWNPORE CEN다.

COLOMBO DILAT HAIPHONG

HAMBURG HANKOW FARRIN

HONG KONG

IPOR

КАПАСТ

KLANG VA

XADRAS-

MANILA

MEDAN

NEW YORK

PENAKO

RANGOON

SAIGON

SEMARANG SYHLENBAN SHANGHAI

SINGAPORE

TAIPING

CANTON

FLARMIN.

nono

1 POLI

JOTORE

KOWLININ

KUALA LUMPUR

LYONS.

MANLIJA

UAB (Mora)·

MUKDEN

NEW YORK

PEITING

PENANO

RANDOON.

SAIGON

KIPANGHAI

FINGAPORY

SOURABAYA

SUNGE PATANI

TJENTEIN

TORYO

-THINGTAD.

YOROBAMA

Current Act opened in Lori Currency and Fixed Dep ralind for one year or shorter grind in Lor! Company and Staring so won which will be quoted on application. Hong Kong, Apfi. 1982.

HONG KONG SAVINGS BANK.

The Esense of the above Haur la conduerný. by sha HONG KONG AND BRASOTAI BANI -ING CORPORATIUN. » Rules may be ebbalmedį

➡appiiceion.

Yox rue HONGKONG AND SHANGTII

RO CONPORATION.

V. M. GRATBURN,

Chind Manague. ·

Hong Kong, syth February, 1933,

THE BANK OF CANTON, LTD.

Established 1912.

Bead Office: Hong Kong.

Authorized Capital H.K. Currency)'..@11,000,000 ***** 5,585,000 1,100.000

@id-Up Capital

Meserii Food ...

BILANCHES:-

Cuaton,

Bögl Hankow

Swalow

Bangkok, New York and San Francisco.

LONDON BANKERS:-

The Lloyd's Bank, Limited.

CORRESPONDENTS

In all principal alties of the World, "

Foreign Exobange and banking business of

Surety description reacted.

Safe Deposit Boxes (rurious alsos): si 3 700rly ' rental: of Troon $5 to $40,

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

XT ON M4

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

Reserve Funds

.$24,7) 200.00 ..$ 3,820,003.82

ILOTEO

Shareholders

BRANCHES and AGENCIES, in the principal cities of the world;"

Every description of Banking and Exchange business, transacted.

and

Commerce

Finance

TURKEY'S THREE." YEAR PLAN.

KO LEONG HOE, Managing Director. Italy

THE NATIONAL CITY BANK OF

NEW YORK..

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits. [Į.8.$205,444,812

Branches in

ARGENTINE "LONDON

And Soviet-Russia

To Assist.

MONDAY, AUGUST 22, 1932.

TIN DISCOVERY IN | CONSOLIDATED TIN

NEW MEXICO,

Enormous Deposit Of

High Grade Ore.

Writing, to the Editor of The

SMELTERS. Economies From Policy Of Centralisation.

NETHERLANDS EAST Mining Journal Mr. C. C. Coulter, Bented at the third ordinary general

INDIES TRADE.

Scope For Empire Products

of San Francisco, says:

There has just been discovered in Central New Mexico, by accre

The report of the Directors pre-

meeting of the Company held at Frinces House, 95, Gresham Street, E.C. 2, stated:

The Directors beg to subunit to dited mining engineers and geolo the shareholders the Audited Ac gists, what is believed, following counts for the year ended June very extensive investigation, to be 80th, 1932, which include for the SERIOUS SHRINKAGE.

the most enormous deposit of high-first time the results of each of the

· INDUSTRIAL EXPANSION.

grade tin ore (Cassiterite SN02) in Subsidiary Companies, for a-period-

of twelve months.. stream or placer form, that has ever The extent to which

Great been found.

The Proft for the year ended The elaborate plan of industrial

Britain's export trade to the Nether-

June 30th, 1992, including a Bonus, reorganisation which has been lands East Indies as shrunk--both Eighty-three claims: have been Dividend of $50,000 received from Hittle located which are contiguous creek a Subsidiary Company, is £253,896; undertaken by the Turkish govern- actually and relatively—is ment as a result of Premier Ismet short of calamitous states the re-claims, which carry tin in satis-To which has

to be added the port for 1981 of the British Cham-factory commercial quantity... Pasha's recent visit of inspection ber of Commerce for

amount brought forward from the the Nether- These placer deposits are from

last Accounts after payment of the to Soviet industrial centres in the lands East Indies. In 1929 her

less tax. 10 to 30 ft. deep, and an average of Ordinary Dividend, vicinity of Moscow will be on a share was 11 per cent.; in 1931 1,000 ft in width carrying from £81,513 (£335,349) Out of

was 7.9 per cent. Even assuming 20 lbs. to as high as 200 lbs. of 60 which three-year basis. The Council of that some; Imports from Singapore

there has been per cent. cassiterite to the cubic plied.-In payment of the 7 Ministers at Angora is now busy and Penang were of British crigin yard-unparalleled in mining his per cent. Non-Cumulative Prefer- SETTLEMENTS working out the detalls of the plan the fact remains that British ex-tory so far. In high-grade quality, ence Dividend for the half-year to Fas it will affect the country's major ports to the Netherlands East immensity of quantity and ideal December 31st, 1981. less, tax industries, and it is hoped that the Indies continue to decline. general movement of economic re-

economic conditions for mining. 31,959; In providing for the 7 per There is no doubt, states the re-milling and smelting perhaps with Dividend for the half-year to June cent Non-Cumulative Preference of Credits, Travellers Cheques, Bills construction may date from August.

port, that Great Britain's abandon- out an equal on earth. of Exchange and Cable Transfers of this year.

|ment of the gold standard-assisted- bought and sold. Current accounts

To finance. this national project her exports to a certain extent, but and Savings Bank accounts opened and

BELGIUM

BRAZIL

CHILE

CHINA

SITIAWAN

SOURABAYA

TIENTAIN

TONDKAI (Buky

TSINGTAG

COLUMBIA

копе

УОКОНАМА

CUBA

KUALA LUMPUR

ZAMBOASTA

DOMINICAN

Foreign Exchange and Banking business transacted..

General

REPUBLIC

INDIA

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

+1

A. H. FERGUSON.

Manager. Hong Kong. 3th July, 1932.

THE NATIONAL COMMERCIAL"&: SAVINGS BANK, LTD.

CURRENT ACCOUNTS. Choques 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.

/NETDEXLANDS TRADING SOCIETY;

SANKERS.

EatWished 1994,

Hong Kong Doe:-11, Queen's Road, Onatosi.

17

Authorized Capital...1.150,000,000 Paid-Up Capital .1, 80,030,000

..20,015,000;

Reserves ****

ریال

Brannh

Eland Oos-AMSTERDAM”, « Eastern Hasd Oos-BATAVIA. 1-Bandjemasto, "Bandoong" Bombay Calcutta, Cheriban, Djember, Djok jakarta". The flague", "Fiddek, Robe, Makassar Modeo, Paistabwag, Baka!! lougen, Pang, Bangoon, Rotterdam*; Bomarad, Bhaughal, Blogspors, Boar hala, Goerakarta (Solo), Tag, y

and Weitercedan"."

[ nass, of "éracy "descriptian transacted.

Hong Kong, 21st June, 1932.

A STOXXINE,

Manager.

ITALY JAPAN

MEXICO

PANAMA

PERU

PHILIPPINE ISLANDS PORTO RICO. STRAITS

URUGUAY VENEZUELA

Commercial and Travellers' Letters

A Major Industry.

30th, 1992, less tax £33.061: In transferring to Capital Reserve the Fixed Deposits in local and foreign Turkey intends to draw upon the even this advantage was largely These properties lie at an eleva In creating a Reserve Account for Bonus Dividend received £50,000; currencies taken at rates that may be two sources of credit which Ismet nullified by the exchange Juctuation of 7,200 ft., within 65 miles of ascertained on application the Bank. Pasha established during his re-itions, which caused importers to re- one of the largest hydro-electric 028): Leaving an available Balance General Purposes £50,000 (£165,- We are also able to offer our Cus-cent visits to Russia and Italy.frain from buying for fear that the power and tomer the services of the Branches In the latter country. he

heat plants in signed pound would fall farther and thus America.

of £170,329; In addition to the Pre- of the International Banking Corpora-

with

down-hill! tion in Spain and also of The National with Premier Benito Mussolini an enable competitors to buy at still grade, for

ference Dividend provided above, 10-ton loads of City Bank of New York (France) agreement by the terms of which lower prices.

your Directors recommend the pay. concentrates from

mines the IS.A., in Paris and Nice.

the Italian government is extend- The Chamb feels that R. M. MCLAY.

ing to Turkey credit to the extent could be done by British manufac-are to be constructed upon one of

more to the electric furnaces whichment of a Dividend of 5 per cent, on the Ordinary Shares, less tax, re- Hong Kong, August 12, 1992. of 300,000,000 lira."..

turers, merchants and banks to im- the major systems of American quiring $74,943; Leaving to be car-

ried forward £95,386. prove a situation which is fast be- railways. coming desperate: It has made

Supplies of ore available for

Manager.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa.

BRANCHES AND AGENCIES: JAPAN:-Tahyo, Yokohama, Kebe, Osaka. PORMOBA:-Ğİ

York. Diless.

Third of Sum in Cash.

-

Restriction

SATURDAY'S SOLUTION.

THE BANK OF TAIWAN, LTD. A third of the sum is to be ex-strenuous efforts to develop at ex- It has been estimated that this smelting have been seriously cur pended upon machinery and other port scheme, which has already metal in pure form can here be tailed as a result of the Inter- industrial material which is to be yielded good results, and it is hoped mined; milled, smelted and loaded Governmental Tin purchased in Italy. A third is to that still further development will on railway cars in bar form at not Scheme which came into force an be made available to Turkey in take place during the current year. costing less than one-third the pro-

to exceed 2 cents per 5. Thus March 1st, 1931. cash, while the remaining third is

Smelting operations have con- · Two countries of the British Em-duction and transport charges on sequently been concentrated in to be balanced with the sum due pire are or should be, in a position Bolivian or Straits Settlement tin!two Bank Noter und Aveng smount. Yes. 15,000, the Italian dockyards for construc- to supply more of the Netherlands

of our

This works. tion of four torpedo boats and two East Indies requirements-Austra

policy of centralisation has re- Kagh Karenko, Kevlung.

[sulted in considerable economies Makong Navie, Shinchiku, Taloha, Taina, submarines recently added to

the lia and South Africa. Geographical- Takso, Tammi Toma, Helio, Tabo

and will be pursued as long as the Turkish fleet. In signing the con-y-and in regard to transport

RUBBER STOCKS INCREASE. QUINA :-Shanghal, Hanks, Amoy, Fonehow,

tract for the construction of these facilities Australia's position is at Swatow. Canton.

present conditions obtain. OTHERS-Hong Bang Ringapore, Soaralaya,

Setrareng. Batavia, Bombay. Londan. New navel vessels it was agreed that least as favourable as that of Japan

London, August 6. payment was to be made in eight (which is now the chief supplier of annuities totalling £2,000,000 in the Netherlands Eas Indies), while Malay States totalled 40,863

Shipments of rubber from the tonB gold..

the low value of the Australian during July as against 35,566 tons This year, however, the Turkish pound helps her export trade still in June. During the meeting yes- Ministry of Finance, as a result of more.

terday of the Eastern International [general internal economic condi- South Africa is now more ad- Rubber Co., the chairman indicated] tions, declared its intention of vantageously situated owing to the that 1932 production will probably postponing until next year the sum direct Java-South Africa steamship exceed consumption by about 54,000 due, and negotiations had been service which has been successfully tons, at the same time. that world opened with the Italian "hem for inaugurated. South African dried rubber stocks achieve a record total the settlement of the question. and tinned "fruits are extensively of 640,000 tons. Technical cir- Now the entire affair has become advertised in Britain but have hot culars state that an increase is tak a state debt between the two yet appeared in the Netherlands ing place in American rubber pur- These diamonds are equal to real diamond governments and the last two East Indies markets.

chases as well as in stock exchange All respects torpedo boats have been delivered

activity in rubber shares, Specially in brilliancy to the Turkish authorities for.com-

LONDON BANKERS :. Barclays Bank: Lid... Morda Bank, Ltd. Midland, Bak. Ltd., Westminster Bank, Ltd. The Bank has Correspondente in all: the principal Commercial Centre stroughout NADERA,

A..

Slounger

*

the world.

HONG KONG BRAKEN

3. Des Voz Food Central. Hong Kong. December 24, 1985;

LATEST INVENTION American Chemical Diamonds.

diamonds.

of lustre, hardness, etc missioning

Can cut glass like real

Proof against fre, file,

acid, water, oil, etc. These diamonds

Financial Strain Relieved.

can be washed with soap and water This financial arrangement with and can be used for more than 100 Italy, combined with the credit,

HUGE CLAIM FOR

RAIL BONDS.

Canadian National Line Sued.

A £37,000,000 ACTION.

*These offices have" Safe Deposit, Bamos to Lol,

|: 76ara. Price per carat E.E.$7.50. LONDON BANKERS:~~

totalling more than $8,000,000 pre- Terms Cash or C.O.D. Those who viously procured from the Soviet NATIONAL PROVINCIAL BANK LTD.

purchase diamonds to the value of

at Moscow, will Correspondents all over the world. Banking Buai-E.K.$80 or more will get 20% dis-government

count. Send your orders direct to the facilitate the balancing of the

Chemies! American

Diamond Co., Turkish budget, and in general re- PO. Box No. 240, Penang, S.A When ordering mention. "China Mailieve the financial strain which has held the country in its grip. The two loans together total about £4,000,000, to be used in further- ing the Three-Year Plan, and their claimed the largest claim ever negotiating has been recognised as made in the English. Courts came an outstanding achievement of before Mr. Justice Maugham in the Ismet Pasha's government.

Chancery Division on July 18 on a question of procedure..

THE

HEAD OFFICE: SHANGHAL

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 clients special facilities for domestic!

and foreign banking and exchanges.

We also handle the issue of Bonds AMERICAN EXPRESS- COMPANY,

and other Public Funda of the Chin- ese Government both at home and abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1991.

THE YOKOHAMA SPECIE BANK,

INC.

Head Office:-65, Broadway,

New York."

* LIMITED,

Established 1880.

Manager.

Capital Surplus

Reserved

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

Borila Yen 117,300,000 Reserve Fund

Biarrila

Head Offee-YOKOHAMA.

Branches and Agencies' at:

Alexandria

Batavia

Berlin

Glango Statuse

حضارة

„US$6,000,000:00:

.U.S.31.832-332:04:

.U.8.31,468,115.73

Peking Pro Botterdam Bome

BRANCHES :---

Amaierda.

Cumon

Nios

Actres

Aben

Pirsans

Beste

Kamburg

Intrakan

Pecang

Bombay

Bremen Brumala Bosnos Aire

Onies

Nagaanki Nagoya Newchwang

Calcutta Candle

New York

Jorales...

Loados Liverpool Lucures Lagano Marellion Le Colombo Communisople Monia, Carla Copenhagin

Manila Rainburgh Martiok

.Momtrent

· Singapor

Gramava

Osaka

Pärla

Peiping

(Dalny). Rangoon

(Mukden) Rio de Janeiro

Bombay

Calcutta

Canton

Changchua

Hamburg Bankow

Eon Lear

Honolulu Kal-Then

Karachi

Kobe London Los

reles

San Francisco

Seattle

-Semarang-

Shangat

Shimonosek!

Bambodi

Boskamp)

For

TONE, QUALITY. BEAUTY, DURABILITY,

obtain the

MORRISON

PLANO

(Guaranteed ten years).

An action in which, £37,000,000 is

Among the new industries which

The action is brought by Mr. the Turkish government means to William Henry Boardman; for him- establish is that of iron founding self and all other holders, on which, to date, has been unknown in January 18, 1923, of First Prefer- this country, an industry which can

be supported internally, since there ence stock of the Grand Trunk Rail- are large coal and iron deposits in that company and the Canadian way Company of Canada, "againąt the regions of Castamouni and National Railway Company, and it Heraclea-Zonguldak, on the shores

came before the Court on an ex of the Black Sea, near Constan parte application for leave to serve tinople. German and French in terests have at times sought from the writ upon the Grand Trunk the government concessions to work Railway Company by serving it these mines, with the intention of upon Mr. H. W. Harding, of Orient erecting blast furnaces and smel-House, New Broad Street, London, ters for iron founding close to the EC.

sources of raw material, but Mr. Patrick Hastings, K.C., for Turkey has decided that these Mr. Boardman, said that he was valuable resources shall be exploit- claiming that a series of Canadlan ed with Turkish capital only. Acts of Parliament and Orders in Council and agreements entered into The erection of the projected ence In Arghana, in the province into Canada were all ultra vires, of Diarbekir, of rich copper lodes, and that notwithstanding these Mr.

Boardman' will also make possible the con

of the struction of ordnance-and-other

Branches of American Express Com FOR SALE OR HIRE furnaces, combined with the exist in Council and agreements entered pany' in Principal cities of United

States of America and Canada. :-

All classes of Commercial Binding Transactions undertaken.

· Personal Investment accounta handled, GE,

The Company

Travellers Cheques", and in d'additiamX of its thorouIS

TSANG FOOK PIANO military necessiti

COMPANY

8. Des Vock Roat

independent,

rights and the rights holders of the same

JOBEYNOWE

DAILY CROSS-WORD PUZZLE.

(This cross-word puzzle has been made by an expert but our readers are warned to look out for occasional phonetto spellings, such as harbor, plow, and altho.)

133

35

#3

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184-A merman (Her,) jas-Bow the head

5

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| VERTICAL.(Cont)

12-Poisonous snake, 18-Penetrated and

7-To remove the skin 26-Musical note "N | 15-Narrow:bodies' of

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$14-Liquid eneasure".

16-Sister (abbr.)

17-U. B. 19gislative

$7-stories 88-Continued

||41-Nothing but. tut. 142-A

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water connecting"

two larger" "bodies- of water

nior (abbr) 19-NOT.

Historical, Bocisty 23-Writing Implement

VERTICAL

124.Drug:plant:

[25-Red Cross; (uhbr.)},

26-Dieren