1932-08-23 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION"

"Authorimd' Capital

led and Pully Paid-up

Manarra Funda 2-

Sterling! man

0,550,000 $10,000,000

Carre Landility of Propelators -, İKİ ZİLLA

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS :--

Hou, Mr... ♫ Palaison.,

Chairman

T. E. Pierce, Baqu

Deputy Chairman.

a. Compton, Eng

1. Mlakin,, Eng..

PAMUT

BANGKOK.

'BATAVIA

BOMBAY CALCUTTA CARTON

CHETOO COLONDO

1

FOOCHOW

DAMLEN

HAIPHONG

HAMBURG

HANKOW***

HARBIN HUNGREW

L010

POR

KOBE

COWEDOS

3. A. Plaasse

T. IL. B. Bhaw, Kojų

3. P. Warren,, Log.

V. M. Grybum,. 'Zaq,

Chief Mariager:

BRANCHE-

KUALA LUMPUR

LONDON

LYONS

MALACOA

MANILA

MUAB (Johort?

NEW YORK

MUKDEN

PIPINO

PENANG,

RARODON

HAIGON

SAN FRANCI800-

SITANGHAL

SOUKAMATA

SINGAPORE.

BUNOKI. PATANI TIENTSIN

TOXYD

TSINGTAO

YUKOHAMA

Catre Aermals apuned in Terst Currinay and Fate Deponita moniaed for one year of akorte geriode in Tonal Compan dig Lorian which will be quoted on spasitration Hong Kong, 8th April, 1999.

HONG KONG SAVINGS BANK.

The Business of the above. Bank' la rendunum.

RONG FOSO AND BHAYORAT BANK

Runs may be obklad TG CORPORATION,

sa spplication.

FOR THE MONOŽOND AND AHANGSEAT ANATAG CORPORATION.

V. M..OBAYBURN,

Chal Manager, Hong Kong, 27th February, 1932. ".

THE BANK OF CANTON, LTD.

Established 1912.

flead Office:-Hong Kong.

Kakkories Capital. (II.K. Currovey)...$11,000,000 Zaid-Up Capital

Reserva Fund:

BRANCHES:

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA;

THE HO HONG BANK,"LTO.

(Established: 1917)

HEAD OFFICE—SINGAPORE. LOGAL. BRANCH:——

13. Queen's Road Central

THE CHINA

MAIL.

Authorised Capitál Straits $20,000,000

Issued Capital

8.000.000

Paid-up Capital

4,000,000

4,000,000

Incorporated by Royal Charter, 1858. Reserve Liabilities of

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

.£3,000,000 .£3,000,000

£3,000,000

Agencies and Branches

ALOR STAR

AMRITSAR

KUCHING

MADRAS

MANILA

BANGTOK

BATAVIA

DOMBAY

CALCUTTA

CANTON

CAWMPORE

C580

MEDAN

NEW YORK

PRIPINO (Peking)

PENAND

BANGOON BAIGON BEMARANO HELLEMBAN

COLOMBO

DMLEI

HAIPHONG

HAMBURO

BILA NOHAI

HANXOW

'HARAIN.

HỒNG

LONG

ILOILO

IPOLK

KARACHI

'FINGAPORE.

SITIAWAN. HURABAYA

TAIPING

TIESTSIN"

Shareholders BRANCHES and AGENCIES in the 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 Profits U.S.$206,444,512 Branches in:-

ARGENTINE

BELGIUM

BRAZIL'

CHILE

TONORAR (Bhuket)

CHINA

TSINGTAO

COLUMBIA

ZAMBOANGA

CUBA

Foreign Exchange and General

DOMINICAN REPUBLIC

KLANG

XG8Z

KUALA LUMPUR

YOKOHAMA

Banking business transacted.

Current Accounts opened and Fix.INDIA ITALY

را

LONDON

MEXICO

PANAMA

PERU

ISLANDS

PHILIPPINE

PORTO RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

and

Commerce

Finance

S. MOUTRIE· AND CO. SHOWS LOSS.

1.

Straits Settlements Exchange Rate.

PROFIT IN HONG KONG.

· SWEDISH MATCH DEVELOPMENT.

Preliminary Move To Reconstruction.

Stortholm;, Aug. 1.

TUESDAY, AUGUST 23, 1932.

RUBBER ROADS NOT

A SUCCESS.

Fall In Revenue Of $1,750,000 This Year.

MUNICIPALITY REPORT.

of

INTERNATIONAL TRADE VALUE.

Half Of What It Was In 1929.

that

people are

Further emphasis on the" value

international trade in the.. economic life of any coun- Singapore Aug. 12. try is given by report re The experiments on rubber cently completed by the Econo- roads, adverted to In last year's remic Committee of the League of port, have not been completely suc- Nations. The value of world trade cessful and indicate that consider-to-day is only one half of what it able progress must be made still was in 1929, The number of un- before the construction of roads employed has more than doubled. In accord with the announcement from latex deposited in situ, is a According to the figures of the In- At the 33rd annual meeting of fade on June 1, when the Swedish Practical proposition (states Mr. ternational Labour office from 20 Messrs. Moutrie and Co. Ltd., held Match Company was granted a W. Bartley, President of Municipal 000,000 to 25,000,000 at the head office in Shanghal under three months' moratorium, invita- Commissioners, in his annual re- without work. Because the two conditions, fall in value of world the chairmanship of Dr. W. J. Isen- tions have now been extended to the port for 1981;.

The year has been one of con-trade and prodigious increase in man, the chairman regretted to have foreign interests to appoint represiderable financial difficulty (he unemployment, accompany each to announce a loss for the year of sentatives to a special committee..

continues). Gross revenue This committee will, with »,she

de- fother, It does not necessarily follow $55,652.15 which. deducting the credit balance brought forward of Swedish representatives, act as a creased from $16,855,627 in the that the one condition owes its ori $27,076.21 left a debit balance of kind of directorate while the plans previous year to $14.527:154 a drop ain to the other. Both may be due. for the reconstruction of the com- of over one and three-quarter mil-to a comman cause, yet. $28,675.94; to be carried forward.

lions. Of this diminution, how the fact.

everywhere The losses were incurred in the pany are being considered,

has been 辑 fall The Swiss and French creditors ever, about half a million is ac- there Kuala Lumpur Penang, Singapore. Tientsin and Peking branches and are asked to appoint one representa- counted for by a decrease in the overseas trade and that fall has it was only in Hong Kong and tive each and the Americans twe: selling price of water and electri- been accompanied by a fall in the

city.

rate of employment furnishes Shanghai. and especially in Shang-one by the Irving Trust, as repre

The reduction

in revenue has strong presumptive evidence that @hai, that profits had been made by senting the International Match

the other by been under all heads, and there ap- the latter is dependent upon 'the the company. The losses sustain Corporation, and Commercial and Travellers' Letters ed. In Singapore and the Federated Messrs." Lee Higginson, of New ears t be little hope of any im- former.

Every country, the committee. York representing the Americanmediate improvement. Revenue of Credits. Travellers' Cheques, Bills Malay States were unfortunately.

from electricity alone shows any points out. has made the utmost in of Exchange and Cable Transfers considerably increased the creditors

Current accounts balance sheet owing to the adverse bought and sold.

Sir Arthur Worley, chairman of signs of a tendency to increase.. effort to

national prevent its and Savings Bank accounts opened and

The surplus balance in hand on economy from being affected by the Fixed Deposits in local, and foreign rate of exchange. the rate on March the British Shareholders' Protective

$2,958.351 general dépression.. Almost all currencies taken at rates that may be 31 last being Singapore $52--Mex. Committee, and Sir George Paton, Jaguary 1st. 1931 was

chairman and managing director of and on December 31st. was $2,693,- have increased their tariffs. Many ascertained on application to the Bank $100.

We are also able to offer our Cus The difficult trading conditions. the British Match Corporation are 250, showing that expenditure was have imposed restrictions, or con- Lonly about a quarter of a million (trol on export and on the movement tomer the services of the Branches of the previous year had not im- also invited to participate. of the International Banking Corpora-i

The Swedes attach great import more than revenue. This result of foreign exchange. Among the tion in Spain and also of The National proved but had become aggravated, City Bank of New York (France), while in Shanghai there as an ance to co-operation by the Brit was only attained, however, by monetary measures thus taken must of ish Match Corporation. Représen- slowing down expenditure in the be placed the abandonment of the S.A. in Paris and Nice.

almost complete cessation

gold standard, notably by Aus- business durink the recent hostilitatives of the latter have through-second half of the year.

Expenditure Must be Reduced tralia, Canada, Great Britain, India, 12 langer.ties. In spite of that the Shanghai out the crisis maintained a most business showed an increase in the helpful attitude, their sympathetic

There can be no question that ex-Denmark, Finland, Norway, Japan. net profits as compared with the consideration being the bright spot penditure will have to be restrict South Africa, and Greece. But corresponding period last year. In a deplorable situation..

ed materially until times improve. none of these measures has suce announced It is understood that, even if the in this connection, however, it ceeded in holding up the decline in THE BANK OF TAIWAN, LTD, The Chairman also

the intention to close the Company's various foreign interests appoint must be borne in mind that a very foreign trade. Statistics show, the branch in Peking. This action had representatives immediately many large programme of road recon- report continues, that even defence been taken after careful considera- weeks must elapse before the pro-struction has been carried out from of the balance of payment (which is tion as business there had steadily blem is really clarified, for a pre-revenue in the past 8 or 10 years, naturally of concern to each coun- declined due chiefly to the removal liminary investigation shows that and that this programme is now so try) is only achieved to a slight de- of the national capital to Nanking. the Swedish Match. Company's pro-near completion that slowing down gree and at the cost of economic With reference to the outhern fits were inflated for at least Ave was indicated apart from financial depression, and a lowering of the Bank Notes ismird Average amount. Ten. 15.000,00 branches the Board had also given years back.

ed Deposits received for one year or shorter periods at rates which will be JAPAN quoted on application.

A. II. FERGUSON,

Manager. Hong Kong. 8th July, 1032.

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.

9.863.000 1100.000

144-150, Des Voeux Rd. C.

Γάτση, Shanghai, Bankow, Langkok, New York and an Francisco.

LONDON BANKERS:—

The Lloyd's Dank, Limited.... CORRESPONDENTS

to all grinsipal citime of the World.

Foreign Exabanga - and banking businem of every description tractad

Safe Deposit Brum (various sixsaj në u paarly

michal" of "from. $5. 1o. 140.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

fr

4.

Beorganised October 26, 1928, under special charter of The National Gov-| erament as an.

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

...

.$25,000,000.00

Paid-Up Capital

Reserve Funds

17

.$24,7, 200.00

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS THADING BOCIETY,

BANKERS,

Established 1826. Hong Kong Offen-1), Qumu's Band Contral

Authorized Capital ...... 150,000,000 Pald-Up Capital

1. 80,030,000 120,015,000

Reserves

Bombay

Djok

Hand Offon AMSTERDAM”. Enter Hand Office:—BATAVIA,

Bandong", Branches-Banjarmasin, “

Calcutta, Cheriton, Damber, jakarta, The Hague', Jidiah, Kobe, Makanir. Medan, Palembang, Pack Jongen, Penang Rangoon, Botterdam": Semarang, Shanghai, Singapore, Boure bala, forskaria (Solo), Tegal, Tetap and Wellwvredan".

$3,820,08.82 | + Thote daces have Sale Deponit Doses to Let

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 clients special facilities for domestic and foreign banking and exchanges.

LONDON BANXERS ;~~ NATIONAL PROVINCIAL BANE LID. Correspondente all orme the world. Banking Bual- Ines of every description transacted.

A. STOKKINK,

Малико Hong Kong, 21st June, 1932.

THE

We also handle the issue of Bonds AMERICAN EXPRESS COMPANY,

and other Public Funds, of the Chin- ese Government both at home and abrosd:

SHOU J. CHEN,"

Mainger. Hong Kong, 5th March 1981. 15

INC...

Head Office: 65, Broadway. New York

Capital

THE YOKOHAMA SPECIE BANK, Surplus

LIMITED,

Established 1880.

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

Beserves

US$8,000,000.00 U.S.$1,882,832,04

.4.U.S.$1,458,116.75

BRANCHES

Glow

Palermo

Boma

Ten 117,800,000

Azbarvandaan kakwary

Beals Bielia

Head Office:-YOKOHAMA, -

Branches and Agencies at:

Bankay Brunet Brussels

HATADE Hanourg Har

Jeruenisca Lida London

Wapien

Parls Penent

Bossen Alton Liverpool

Calest Calodie

Alexandria

Batavia

Nagasaki Nagoya Newchwang

Сондай

Colombe

Constantinogle Mama. Ovčia "Copanhared? Manila

Singapore 84. Morita Thiels

New York

Osaka

Rénburgh, Manlah

Vigranar

Berin Bombay Calcutta Canton

Changchun,

་

Dairen (Dalny) Fengtien (Mukden)

Hamburg

Hankow Harbin Eoa Long Honolulti

Faria

Pelping Rangoon

Blo' dè 'Janeiro.

·Ban Francisco Seattle

Shanghai Shimonoseit

Maakon

#bos!

Zürich “

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

All classes of Commercial Banking Trangsetiöns undertal

sona)

C

RM. MCLAY,

Hong Kong, August 12, 1932.

(TAIWAN GINEO)

HEAD OFFICE:Taipeh. Formosa.

Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formona.

BRANCHES AND AGENCIES:

JAPAN: Taky Yakalama, Koba, Çarka. * FORMOSA-Giran. Kegl Karanko, Enviar

Makong, Nanto, Bbinchiku, Taichu. Tu

Athey Foocho

Tekko," Tamesi, Toon, Ballo, Taito, CHINA: Bhanghai. Hankow.

Swatow, Caston; OTHERS: Hong Kong, Bingspore, Boorslage Fenarea Betaris, Boty Line, New

York. Dalren.

LONDON BANKERS:

Barclays Bank Ltd!, Lloyde Blank, Lid, “ Midland Bank, Indo Westminster Bank, 112.

'Commerals!" Centres throughout the "world.

X. NAGURA,

considerable thought to the closing

of both the Kuala Lumpur and Penang branches and in the con- centration of its business efforts in Singapore.

GROWING U.S. TRADE WITH RUSSIA.

New York. Aug. 10.

considerations.

Dow

standard of living. Imports may be Water supply 1s

ade-decreased, but this decrease is in- for many evitably accompanied by a quately provided for years. We Have a supply traction of exports. If, as is often 26,000,000 gallons a day argued, goods which can no longer

of

con-

as against a consumptión, of under be exported are sold on the home The present outlook for business It is understood in Wall Street 16,000,000 gallons. On the aver market in place of those excluded. in Malaya, was, the Chairman said, that improved commercial relations age rate of increase consumption we should not be confronted with very gloomy. He added that at with Russia are under considera-should now have been "19,000,000 the progressive fall in purchasing The Bank has Correspondeat in all the principal though they had to pass the pay-tion as a step in the government's gallons, but decrease in population power and the constant Increase in

ment of a dividend this year the and business leaders' campaign for and greater economy in the use or unemployment.a Company's business still remaiped economic recovery. It is pointed waste of water as a result of the in a healthy condition, and with out that the value of exports from depressed financial condition an Improvement in the business the United States to Russia in 1930 Singapore, has led to an actual re- States-necessarily limited to de- situation that prevails at the mo- amounted to $114,000,000, while duction in consumption as against ment the company was in a posi- during the first half of 1932 the 1930. tion to reap immediate benefit.

Manager

HUKO KONG BRANCH:

3. Des Voeux Road Central Hong Kong, December 24, 1901.

THE NEW

OPEL

THE NEW

Product of General Motors

OPEL

THE NEW

For Economical

8.1.30)

|26.23

Motoring

OPEL

THE NEW

For Minimum

Cost

OPEL

THE NEW

For Maximum Mileage:

OPEL

THE NEW

Tel. 8-0-2-2-8.

OPEL

total was only about $6,000,000. (Continued at foot of next Column

AO.FC. Average of Shanghai Stocks

TWELFT AEDE VERTAPW

STOKKE

ES DO

CLOSED

年

J£235

+19

20.00

The Economic Committee con-

of cludes:"The individual actions of

fence and inevitably counteracted by other States-superimposed one on the other, only aggravate the situation. The truth is that no country is to-day in a position, act- ing alone, to divert the course of economic evolution in its own favour. Only concerted action, can give fresh impetus to international, exchanges on condition that a last- Ing Improvement can be effected in the financial situation and in the monetary regime. Of this concert- ed action, of which countries did not realise the full value in time of prosperity, a few signs, admitted- ly uncertain and sporadic, are al-, ready visible on the horizon. In spite of all, they permit a belief in the possibility of early recovery.“

SHANGHAI FACTORY

INSPECTION.

New Policy Starts September 1.

Shanghai, August 15

Beginning September 1, an inspection of factories in Shang- hal will be conducted under the auspices of the Greater Shang- hai Municipal Bureau of Social Affairs. Inspectors will be first be despatched to factories situat- ed in the Greater Shanghal area,

The Shanghai Stock Market was day's market was featured by a firm)ditions will now take a turn for the such as Nantao, Lunghua, inactive at the beginning of trad- undertone, which was fostered by better, unless some political event Kiangwan, Pootung, Chapel and ing, Wednesday, with very small the beginning of September settle Intervenes, or there occurs intensi-Wooaung, and then to those fa business done due to a reserve of ment business. Ewas recovered Bication of the anti-Japanese boycott, the International Settlement and sellers. The trend improved the practically all loss of the previous Those who study fundamentals French Concession. Kuo Min. next day, with Ewos in particular session. The trend Tuesday was see definite signs of the completion

in good demand, stimulated by again firm, although business re of the radical phases of this de Dragon Motor rumours of interim dividend. Prices mained on a small scale. Shang. Dression. Commodity prices seem to (Continued from previous Col

drifted

alowly downward Hai Lands had buyers at 25 and be stabiliming,

Friday. Little interest

quiet

by Inv

(dealings. [sellers at 25.25; China Realty had ready

iscos prodita!? anted at 4.15: China Finance some

market cont

some companies, are

'expe

FUIGGAN.

Cong, 11th March, 191

Low for