1932-08-24 — Page 2

THE

CHINA MA

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION, »

Authored Capital

Iurd and Fally kid-up

Howey: Fuudi}-

ering 6,200,000-

Belver.$10,000,000

Momorvoll Litality at Proprietors @30,000,000

HEAD OFFICE: HONGKONO.

THE CHARTERED BANK OF

INDIA, AUSTRALIA" & CHINA."

THE HO HONG BANK, LTD.

(Established 1917.) "

HEAD OFFICE; SINGAPORE: LOCAL BRANCH:-

13, Queen's Road Central

Bow Mr. W.

$50,000,000 10,000,000

Authorised Capital Straits $20,000,000 Issued Capital

Incorporated by Royal Charter, 1858. Paid-up Capital

(-8,000,000: (4,000,000)

Reserve Liabilities of

Shareholders

,000

HEAD OFFICE: LONDON,

BRANCHES and AGENCIES in the

principal cities of the world.

NEW SPIRIT IN INDUSTRY

Paid-up Capital

Reserve Fund

BOARD OF DIRECTORS:—

1. Mr. J. Prisman,

Reserve Liability of Pro-

prietors....

23,900,000

Chairman,

T. E. Fearon, Esq. Deputy Chairman.

Dell

▲ B. Compion, Keg..

*. T. Jakson, Esq.

↑

tlakin, Esq.

MOT

BANGKOK

DATAVIA

MELAY

CALCUTTA

CANTON CHSPOO

COLOMBI

DAMEN POOCHOW RAIPHONG

JAM NISSEN

HANKOW HARRIN

ONGKHW

ILOILO

[POR

JOHORE

KOBE

KÜWLAKON

11. Bu Baar Kad

Plummer, Bea.

£. 1. Warton, Eng.

V. M. Graybare, Eng.

"Chied Maongue,"

BRANCHES -

KUALA LUMPURE **

LONDON.

GYDNB

MALACCA

MANILA MUA

(Joborat

KURDEN

HRW YOUX

PEPPISO

PENANO

IANGOON

SAIGON

SAN FRANCISCO-

RUANGHAL

HINGAPORE

SOURADAYA

TIENTSIN

TRINORAO

SUNGLI PATANI

TOKYO

YOKOHAMA

Cureat Abouste speard in Local Currendy

wo Find Dupala · Terrived for one year or shur priol to local Puzesary and Blarting" one which will be quoted on appliesíkom. Hong Kong, 8th April, 1982

HONG KONG SAVINGS BANK.

14 Busines of the abova, Radà la randunted A HOND KONO AND RUANGELI RANK F4 CORPORATION E' sy be elinized

station

FOR THE RONDRONG AND BEANOMAI

NAG CORPORATION.

V. M. OBATBURN.

Chief Menager. Hing Kong, ayth February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:--Hong Kong."

Aukburiană, Capilaf,{11.K. Currency)

Paid Up Capital ..........

"Blouseva Fund:

.......

BRANCHES :-

$11,000,000 8,885,000 1,100,000

Canton, Shanghai, makow,' liwatom, Bangkok," New York and San Francisco.

LONDON BANKERS→

The Lloyd's Bank, Limited. CORRESPONDENTS

Ea all principal clips of the World.

Voreign exchange sad banking - bize of orney.dawcription Transmetod.

Bals. Deposit Bozon (tarious alzas) at ́s yourly

route of dram $5, La $40.

„LOOK POONG SHAN.

Chief Manager.

THE BANK OF CHINA.

打銀國屮

Reorganised October 26, 1928, under

special charter of The National Gov-

·arament as an

INTERNATIONAL EXCHANGE'

BANK.

-Subscribed Capital

$25,000,000.00

Paid-Up Capital

.$24,7200.00)

....$ 3,824,ʊd3.82}

Reserve Funds

HEAD OFFICE: · SHANGHAL.

...

HONG KONG BRANCH:

4. Queen's Road Central,

17

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 damastic and foreign banking, and exchanges.

We also handle the issue of Bonds and other Public Funda of the Chin- sss Government both at home, and shroad.

SHOU J. CHEN,

Manager.

•

Hong Kong, 5th March, 1981,

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

Agencies and Branches;„

ALOR STAR AMRITSAR

ZANDKOK BATAVIA HOMELY CALOUMITA

CANTOX CANFORE CEBU COLOMBO DELHI RALPHONG

HALSUBO HANKOW

HARBIK

HONG ZONO

TLOILO

1POH

KARACHI

XLANG

KOBK

KUALA LUMPUR

KUOKING

MADRAS

KANILA

VEDAX

NEW YORK

PRIPING (Pakfog)

PEHANO

BANGOON.

TAIPING:

Managing Director.

Commerce and

Finance

been synonymous throughout the world for excellence, clings to quality. Yet reluctantly some manufacturers have had to compromise and supply-by.com.

WEDNESDAY, AUGUST

RAILWAY POOLING BRITAIN & AMERICA

PROJECT

Aim To Give Better Services.

ECONOMISING PLANS.

London. Aas. 16

IN THE FUTURE.

Not One Problem They Cannot Solve

"GREAT NEW SERVICE.

Working together, thers la no The hearing of evidence by the problem that Britain and the United States could not solve.

LONG ROE, Courage And Resource parison--Inferior goods, but equal Clode Committee relative to the declared Mr. Winston Churchill, at

At Sheffield. to any which competitors can put on

the market. It is not true to say projected L.M.S-LINE.R. pool was the Pilgrims dinner in London on of Sheffield manufacturers that completed in a very satisfactory at-July 12. they do not cater for the needs of mosphere. It is necessary to bicentenary of the birth of George The dinner, to celebrate the customers.

THE NATIONAL CITY BANK OF PREPARING FOR ACTION

NEW YORK

HEAD OFFICE: 55, Wall Street, NEW YORK..

Capital, Surplus and

Undivided Profits U.S.$205,444,512

Branches in:-.

LONDON

MEXICO

ܙܪܕ

be

An opportunity was given to me Only some industries in Sheffield member that the Committee has Washington, was held at the Hotel recently to Inapect, in company are suitable for mass production; yet to draw up Its report and Victoria Mr. Churchill's speech with party of overses members where mass production is pos present it to the Minister of was broadcast. of the Empire Prese Union, some alble it is applied but special- Transport but it would of the chief factories in Sheffield. isation is the rule. The tastes of strange if the findings were other two descendants of American con Among the attendance were Lord Fairfax and Sir Campbell Stuart, and to discuss with leaders in in-localities in the Empire and of dustry prospects of winning new native tribes in Africa are catered than favourable. The position temporaries of Washington. The markets, writes Sir Robert Donald for.

now reached la a credit alike to Earl of Derby presided. in the Observer...

the railways and the traders. There Mr. Churchill, speaking in the In the works of Messrs. Spear The city has in racent years been and Jackson we saw special makes ever was any real danger that the presence of a large company of re- ons of the blackest spots in Eng of knives for cutting sugar cane, plan would act inimically to the in referred to present international companies concerned in the pooling presentatives of the two countries. land. Fifty per cent of its skill maize, etc., and hand saw being ed workers have been unemployed; manufactured for Australia, Africa, afford to lose traffic to the roads The great new service which

terest of users. SETTLEMENTS some of its factories are derelict; India, Mexico, and other countries, and they have no desire to victi-only the joint action of the Eng-

They cannot problems. firms have been forced to recon-all different types, although promise trades which depend upon the lish-speaking peoples can render to struct to escape a worse calamity.bably used for similar purposes. rail. They realize that more rather our age," he said, "is the revival Commercial and Travellers' Letter, Sheffield, has lived under a cloud- Specialisation is carried further in than less efficient services are-en-tof the wealth of nations, by estab---

BAIOON

BEMARANO

SEDEMBAN

BRANGILAI

SINGAPORE

ARGENTINE

SITIAWAN

BELGIUM

'HOURABAYA

BRAZIL

TLENTHIN

CHILE

TONGKAR (Dušek)

CHINA

"TSINGTAO

COLUMBIA

CUBAAN

·DOMINICAN

REPUBLIC INDIA ITALY JAPAN

·· YOKOHAMA -

ZAM DOANGA

Foreign Exchange and General

Banking business transacted.

Current Accounts opened and Fix- et Deposits received for one year or sorter periods at rates which will be) quoted on application,

A. H. FERGUSON,

Hong Kong. 8th July, 1932.

Manager.

SAVINGS BANK, LTD.

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

4

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

BELIABLE COURTEOUS.

144-150, Des Voeux Rd. C

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY,

We

tomer

PANAMA PERU PHILIPPINE

ISLANDS

PORTO RICO- STRAITS

URUGUAY VENEZUELA

S.A.. in Paris and Nics.

Manager.

HEAD OFFICE:-Talpeh, Formos Incorporated by Special. Imperial Charter, 1899.

Central Bank'in "Formosa,

BRANCHES, AND AGENCIES ‹ 'JAPAN :—Tokyo, Yckobama, Koba, Csaka.

Kause FORMOSAO, Kag, Karenko,

Makang, Nante, Shiashiku. Tricho, Tainan, Taken Tamaul, Toon, Helio, Taito

Bator, Canton.

Baak-Notes issued Average Anoles. 45,000,000

CHINA-Shanghai.. Bankow, Amy, Foosbow OTHERSBong Kong. Sings poet, Barabara

Semarang, Batavia, Bombay, London. - Kew York, DANDON BANKERS Barclays Bank, Lbd., Lloyds Bank, Ltd. Midland Bank, Ltd, Westlaster Bank, Lid.

Commoordal Cestase throughout the world.

||

of Credits, TravellersCheques, Bins not of smoke from its factories, but

the case of forks spades-and- of Exchange and Cable Transfers from the collapse of its trade. bought and sold. Current accounta In face of unexampled depres-has its own pattern. Lancashire

shovels used by farmers. Yorkshire sential to success.

lishing a fair stable measure of and Savings Bank accounts opened and sion it would not have been aur has other types, and Scottish farm given that no increase of rates or world.

After the undertaling had been value to regulate the traffic of the Fixed Deposits. In local and foreign currencies taken at rates that may be rising to find that manufacturers ers will have neitner of the m chargeable distance will follow "Our troubles are by no means THE NATIONAL COMMERCIAL & ascertained on application to the Bank wore listless and lifeless, looking

New Industry.

from the new arrangements, and ended. are also able to offer our Cus-for the time when high protection

The economic crisis and Sheffield manufacturers proclaim the assurance that facilities will the monetary crisis in which the the services of the Branches would bring back artificial pros-abroad their capacity to serve cus not be withdrawn without prior world is gripped still hold their of the International Banking Corpora- tion in Spain and also of The National Perity without much effort or ex-tomers in all parts, of the world consultation with the trading in-full intensity wpisam City Bank of New York (France), penditure on their part. We found, Propaganda is a new industry tareste affected, there remained no

in

A Grand Conviction... on the contrary, that Sheffield has, Sheffield.ach of the big firms ground for tenable opposition. The R. M. MCLAY, during this lull. been adapting her has a puplicity department in the representatives of the

"Baffling problems confront the users ack-statesmen and afflict the people of heritage of skill to new manufac hands of experts, and there is com-nowledged that fact by pledging both our countries. But I believe Hong Kong, August 12, 1932.

turing methods that her crafts-bined propaganda under the Cham their support to the scheme, which there is one grand valiant convic manship has become more scienti ber of Commerce and the Cutlers' therefore will go before the Minis- tion, shared on both sides of the THE BANK OF TAIWAN, LTD. fe, that new industries have been

ter with the strongest backing. Atlantic that together there is no Guild. (TAIWAN GINKO.)

founded.

The

The railways have secured the problem we cannot solve.", Far from despairing of the maintain research departments car- big manufacturers also

freedom necessary to the applica- future Sheffield is preparing for ried on without interruption dur tion of the pooling plan to their operation between Britain and After an allusion of the co- action. There is. more new machinery and new processes in the Research has proved a good invest

ing the long period of depression. advantage, and industry is pro- America during the war, Mr. tected against disadvantage. It Churchill observed that while, of workshops of Sheffield to-day-ment, as it has led to the discovery would obviously be wrong ready to be operated at full speed of new inventions and new pro- gard the pooling plan as designed there must always be disputes and to re- course, in this workaday world. when opportunity, comes-than at

cesses and has opened up new fields solely to restrict services. The sim differences, conflicting commercial any time in her history.

of the railways is to give better interests; tiresome disputes about of industry. More encouraging than the signs Perhaps the institution in which services, and in that they will be money matters, and so forth, we of material progress which has Sheffield takes the greatest pride is much more successful under the have the invincible assurance that. come from enterprise, research, and the Applied Scientific Department contemplated conditions than they none of them will disturb the invention. Is the hopeful spirit of the University, with its well could possibly be if they were onward march of Anglo-American which permeats the whole manu-

equipped laboratories and up-to-forced to keep open lines which friendship.” facturing community. Sheffield is The Back kaw Correspondents in all the principal looking ahead with confidence and the most modern of its kind in the

date workshopa. A mining branch, could not pay.

Old quarrels were dead, their Labour Aspects.

scars had passed away, and we had has sent a powerful delegation to Ottawa to demonstrate to the re department. There is a close linking problem have bees faced with the freedom and rights of the in- world, has just been added to the The labour aspects of the pool now "an increasing unity of ideals, presentatives of the Dominion that Shamfeld's industries

between science, technology, and equal reasonableness. That the dividual, dispassionate respect are alive, industry. Students pass from the fresh ready to reciprocate and to adapt

arrangement means dis for the rights of small or weak OF themselves to the requirements of University into the workshop to placement is a fact which has to nations, a reasoned abhorrence of

occupy responsible positions. Work- be faced. But the the countries overseas. The manu-

Communfam in its many insidious in manner facturers are confident that Shef-ra-ambitious craftsmen and ar- which it will be effected will do forms, the firm maintenance of the | field's

tisans attend evening classes and everything possible to safeguard lawful rights of property, so long craftsmen-trained" "for generations, and made efficiently demonstrations to fit themselves for the interests of the men. Counsel as those rights were constantly expert by experience have a lead-higher positions.

for the railways rightly contested brought into harmony with the

larger interests of society, ing part to play in Empire trade, Visitors to Sheffield are struck the claim of the anions for com 1,050,000 and that the finer products which with the contrast between slackness pensation for dismissals on lines above all our deep desire to see all of trade, the half-empty factories, which would have thrown a heavy the men of all the lands dwell to- Sheffield turn out will supplement and the amazing activity shown by and continuing burden upon the gether in Justice and in peace. the national manufactures of the the leaders industry in prepar- companies. The proper case was "We both seek the assuagement ing for new business which they met by the undertaking to mest of European feuds Mr. Churchill are confident is coming and of redundancy arising from pooling by added.

"The immense growth of Stainless Steel. Sheffield has participated in the which Sheffield hopes to secure a diminished recruitment, and if the American Navy excites no new industries in the manufacrge share in its own special pro- necessary by the discharge of the apprehension in British minda.”

Obstacles Vanishing. - shortest-service men. No per ture of motor engines, in radio

Saying that one by one the equipment, for example-and has

manent employee in the con established new industries which

ciliation or salaried grades will be obstacles to closer co-operation. by

the two peoples had been out of work but it may be have become identified with the city,

Wed, Stainless steel, produced originally The official summary of the necessary to expedite retirements Mr. Churchill added, to by Thomas Firth and Sons, is now Stock Exchange Issued yester and to regrade a proportion of the the Irish question has not been

removed." It finding a growing market in the day-

employees. No fair-minded person

Beter will be Dominions."

After yesterday's fireworks, will contend that the companies removed, but nevermore will it A newer stainless steel-Stay- when Cements and Lights were have failed to meet the labour have power to cause friction between the British and American brite-finer, more delicate, and at being dumped on the market questions as equitably as those of the same time more durable, is virtually regardless of prices, a the traders Economy, as le mani people." (Cheers);

Dr. Murray Butler, president of following up this success. The steadler tone prevailed to-day, and test from the traff

ion, sim- processes through which this rates held better, being more or ply must be enforced; bat

the American Pilgrims, said that will material must go, theref ment less stabilled

be pusued with

of dis nowhere else than in Great Britain

could sucht, E. celebratio ould not

BANKERS.

Established 16SA.

Hong Kong Gline (-11, Queen's Bond Caste

Authorized Capital

Paid-up Capital

Reserves

1,150,000,000

80,030,000

1. 20,015,000

Read on AMSTERDAM”, Bastern Hand Offon:-BATAVIA,

Brazolos 2--Bandjarmasin,

Bandorng? - Bombay, Calovila, Chart.bon, Djember, Djsk Jakuzia?, The "Bagun", Fidisk, · Kabe, Makassar, Medan, Palembang, Peka langan, Penang Bangoon, Kočiardaro*, Semarang!, Shanghai, Blagapons, Boson- bais, Enerziaria (Solo), Tegal,, Tjilaajay and „B'altevreden","

* Then offices have; Sale Deposit Boxer to Let.

LONDON BANKERS —

·NATIONAL PROVINCIAL BANK LID,

Correspondants all over the world." "Banking Bost- | noon. of "avory description, trapnacted.

A. STOKKINK, 2.

Manage Hong Kong, 21st June, 1982,

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office:-65; Broadway.

New York

Capital Surplus

THE YOKOHAMA SPECIE BANK, LIMITED.

Reserver

.U.8.41,458,118.78

BRANCHES:

Established 1880.

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

Ten 117,300,000

Reserve Frand. ...................

Head Office--TOKOHAMA,

Branches and Agencles at:

Nagasaki Nagoya Newchwang

Quiro

HONG KONG DANCE.

K. NAGURA

Кадори

8. De-Tour Bond Central. Hong Kong, Desember 4, 1981,

THE MERCANTILE BANK

INDIA, LTD.

HEAD OFFICE;

15. echte Street, London, 1.0.A.

.i.

Authorised Capital

Subscribed Capital:. Paid-up Capital

Reserve Fund & Rest

BANKENST

£3,000,000 1,800,000 1,817,927

The Bank of Barland & Midland Beak, Lód.

BRANCHES ::..

Foann Port Louis

(Mauritius)

Bangko Batavia

Kandy

Bombay.

Karachi

Calcutta Colombe

Kota Bharu

Kuala Lipie

Bangoon Shanghai

Dall Cali

Hong Kong Howrah

Kistutan (Pikowy). Singapurn Madron (92) "Bourbaga New York

HONG KONG BRANCH AN #recy description of Banking and Exbang bus Traralhes Chaquos intend to tak

Dan ternacted.

Trustee and Executorships under

taken.

INTERESTE allowed on Current Accounts – and Pized, Dugoniła mi Bates that may be mourialzed on application. *!

J. R. ROSS,

Manage: Ten's Bond Conical

Hong Kong, 7th April, 1932.

ALEXANDER SINSTITUS

DE BEAUTE

Phone 25169

Paddne” Ballding.

Opposita: Entrance te

•Haur Imus Hotel

Treatme

· sure"for Ladie

the machinery and tool works « of

Dominions.

and precision which acco

its long fourney from the

to the finished sheet,

stration in scienti

of metals which is a marvel of modern fndustry,

-Staybrite is a decorative material suitable for all climates, as it never Corrodes and is impervious to all the elements.

Shefeld Industries even the few of them which we saw, are Ingly complex While · some ·~· pro- Cesses are new and exh plication of the hig

moderns

the

ducts.

SHARE MARKET.

mer Sales

HKS Hotels Cold) $10.60,- Hong Kong Lu? 75%%%%% Hạng Loan Tâm 201 Cements (comb.);3182

Buyers,

Hong Kong Bank, $1,550. Union Insurances, $460 China Fire Insurances: $820; HK Steamboata,

Unlon Waterboats, $2675, Benguet Consolidated, $15%. Raube, $40.

Bengue

Shangh

rations, 20 cents.

WORLD MONETARY CONFERENCES

historie sense of know that George the Motherland Jury, but brought honour. (Cheers) The greatness must not be the

League Committee To possession of

Start Spade Work.

belonged to

of which rend

Washingto

and

Bombay

Galoutta Canton

Changchun

New York

Gesars

Paris Palping Dairen (Dalny) Rangoon

Tenation. (Mínicden) Rio de Janeiro

"San-Francison

Hamburg

Hankow

Harbin

Hong Konr

Branches of American Express Com pany in, Principalelties» of United States of Ameries and Canada.

7. All classes; of Transactions, ander

'and'