1932-08-25 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital kungam $660,000,000 Issued anut Pully Pail-up,000,000 Her

1 ; m

Sterling £ 1,300,000 Slee. $5,000,000

Homery and of Proprieturs $26,000,000

(VAD OFFICE: HONGKONG,

MOARD OF DIRECTORA :--- Hon. Mr. 1, J. Paternus,

.. Chairman.

T. I. PANDAY $ay.

Deputy Chairman"

A. EL Cropton, Esq.

., Johnson, Esq.

Mabin, Esq.

لامية العفيف

DAKOKOZ

BATAVIA

· DAY

CALCURTA CANTOR OLEFIN COLOKTO

DABLEN POCHOW HAIPHONG FANBURG HANKOW

HARBEN HONOKEW

CLOTEO

POR

JOHORK

KORN

KOWIAKON

J. A. Flummár, · Esa. 1. H. R. Saw, Zaq.

J. F. Warren, Bag.

V. M. Grayburn, Bəqə

Oblet Manager, A

BRANCHEA

KUALA LUMPUR..

LONDON:

LYONS

MALACCA MANILA.

MUAR (Johor)

NEW YORK:

MUZDAN

PRIPING

31

PENANG

RANGOON

SAISON

HAN FRANCISCO

AITANO HAT

RINGATURE

NOURAZIAYA

RUNGEL PATANI

TENTSIN

ם ראסיני

TRINGTAO

YOROTAMA

Carina Anconate opened in Local Currency Mad Pund Depravity Perived for one your or shorter periods in Long Ourmney and Hinring

which will fis quoted on applimultor

Itsag Rong, 6th Apr,

HONG KONG SAVINGS BANK.

The Weapons of the above. Senk u sonducted.

43 HONG KONG AND BEANOWAI BANK ke CORPORATION. Bu may be obtained

speliantion.

OK CHR đưNGKONG AND BEANSHAI APAING CORPORATION.

9. 16. OKAYBURN. -

Calad Manager.

Home King 24 February, 1932.

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Hong Kong.

Authoriset Capital. (1)K, Currency)...@TJ;000,00 Bald Up Capital

Fund

BRANCHES

1,065,000 1,108,0

Cantun, banghai," Hankow, walow, Bangkok, New York and San Franciers.

LONDON BANKE

The Lloyd's Dank. Limited. CORRESPONDENTS

ka_ali_principal cition of the World.:.

Foreign inango and beaking humlions of

every' description transseled.

Safe Deposit Bares 'Pvarious siswa)'aj a poorly - rontal vot "fren: 35 to 140;

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

Reorganised October 26, 1928, under special charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital" ..$25,000,000.00 Pajd-Up Capital ..$24,7 200.00 Boserve Fundal 9,820603.92

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 extend to our alienta special facilities for domestic ́and foreign banking and exchanges.

Wo size Zandle the 'issue of Bonda] and other Public Funds of the Chin- 006 Government both at home,andj abroad.

SHOU J. CHEN,

Manager. Hong Kong, 5th March, 1981. ..

THE CHINA MAIL.

THE HO MONG BANK, LTD.

(Established 1917.) HEAD OFFICE: SINGAPORE. LOCAL BRANCH:--

THE CHARTERED BANK OFE INDIA, AUSTRALIA & CHINA.

(-18, Queen's Road Central –

Authorised 'Capital · Straits $20,000,000| fasued Capital ...........

Incorporated by Royal Charter, 1869, Paid-up Capital curs

HEAD OFFICE: LONDON.

Paid-up Capital

Resorve Liabilities of Shareholders...

8,000,000 4,000,000

4000,000

BRANCHES and AGENCIES in the principal cities of the world,

D

Commerce and

Finance

NEWSPRINT MILLS GREAT

MERGER PROPOSED £3,000,000

Reserve Fund..

Reserve Liability of Pro-

prietora

.£9,000,000

‚£3,000,000

Agencies and Branches:

biti

ALOO STAR

KOCKING

MADRAS...

AMRITSAR... BANGKOK. BATAVIA BOX BAT CALCUTTA CANTON

CAWNPORE

CEBC

COLOMBO

DELHI

HALPHONG

BAMBURG HANKOW

HARBIN

HONG KONO

ILOILO

ТРОЯ

KLANG

KABACIT

KUJE

KUALA LUMPUR.

MAXILA

MADAN.

NEW YORK

PRITING (Paking) PENANG

BANGOON

BATOON

BEMANANO

BEREMBAN NILA NOHAL SINGAPORE

SITIAWAN

NOUBABAYA

TAIPING

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, Burplus and

Undivided Profits U.S.3205,444,512

Branches in

ISLANDS

ARGENTINE

LONDON

BELGIUM

•

MEXICO

BRAZIL

PANAMA

TIENTAIN

CHILE

PERU

TONOKAI (Bhaakit)

TSINGTAG

CHINA

PHILIPPINE

TOKOLLAMA

COLUMBIA ...

ZAMBOANGA

CUBA

and

General

DOMINICAN

REPUBLIC

INDIA ITALY

JAPAN

NEW

CANAL FOR CANADA.

Canada Paper Firms | G$125,000,000 Waterway

Talk Of Issue.

WORLD'S LEADERSHIP.

Is Opened.

TAKES BIGGEST SHIPS.

· Montreal, Aug. 12.

Ottawa, Aug. 10. The New Welland ship canal, According to reliable reports the

which links Lake Erie and Lake negotiations for the creation of a

Ontaria, overcoming the drop of 326 | merger of several of the large new-feet between the two lakes and par- sprint companies of Canada "are allelling the Niagara River, with its great cataract, is now able to ac- nearing a head. It now seems pro-commodate the largest ships plying bable that such a mergor will come the Great Lakes." It will be officially into being in the not too distant opened in the next few weeks.

The Welland Canal is not a PORTO RICO

future. Last October the iden of STRAITS

new waterway. It was originally SETTLEMENTS welding a number of paper com-constructed in 1832, exactly a cen URUGUAY

panies into one was first taken up tury

but for ago,

great as a practical issue, and a

capable commany years it.

lof Commercial and Travellers' Letters mittee under the chairmanship of with

accommodating only vessels of Credits, Travellers' Cheques, Bills

A draught of fourteen of Exchange and Cable Transfers Mr. E. W. Beatty, president of the feet or less. Larger vessels of the Manager.bought and sold. Current accounts/

and Savings Bank accounts opened and Canadian Pacific Railway, was apgreat lakes carrying wheat and Fixed Deposits in local and foreign pointed to study the question from other cargoes from the upper end of the St., Lawrence lakes were, forc- currencies taken at rates that may be

committee fed to discharge their cargoes at & ascertained an application to the Bank every angle.

Foreign Exchange Banking business transacted.

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

A. H. FERGUSON,

Hong Kong. 8th July, 1932.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

CURRENT ACCOUNTS. Cheques Cashed in 16 minutes

while you wait. SAVINGS ACCOUNTS

VENEZUELA

The

a

Was

We are also able to offer our Cus-through the intervening months has ports on Lake Erie. Now these tomers the services of the Branches

of the International Banking Corpora- been gathering comprehensive in- larger boats can sail through the. canal, cross Lake Ontario and un- tion in Spain and also of The National formation on the various companies load City Bank of New York (France),

their cargoes at Pres S.A., in Paris and Nice..

which would be involved in the pro-cott on the St. Lawrence river or posed merger and the labour of the some other nearby points, committee seems now, near com- pletion.

:

R., M. MCLAY,

Manager. Hong Kong, August 12, 1932,

We offer good rates of interest. THE BANK OF TAIWAN, LTD." The

TOTAL HESOURCES

$19,000,000

EFFICIENT-TRUSTWORTHY- RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C. ·

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY,

BANKERS.

Established: 1824,

Hong Kong Office':-1, Queen's Road Central

|Authorized Capital

Paid-Up Capital Reserves

. £: 150,000,000

.1. 80,080,000

1.1. 20,015,000

·Head OHòa • →AMSTERDAM. Enter Hand. Ofos :—BATAVIA,

"Beansbaa :---Bandjarumain, 'Bandoung", Bombay, Calauita, Charlbon, Dimbar, Djok jakarsa", The Hagua”. Tilšah, Kaba, Makamar, Maden, Falambang, Paka. longas, Pasang, Bangaón, Rotterdam* Bemarang, Shanghal, Singapore, Boara- bais, Boskarta (Solo), Tagal; Thaijag and Welterreden","

* Thans, ofisas, kavo Safe Deposit Beres to Żet..

LONDON BANKEBS 1-

NATIONAL PROVINCIAL BANK LID.

· Correpandanie all over the world." Banking Bual- [nama of story description, transacted.

A. STOTKINK,

Hong Kong, 21st June, 1982.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Ofice:—65, Broadway, New York.

Capital Surplus

"THE YOKOHAMA SPECIE BANK,

PWA UIMITED:

Reserves

Established 1880.

Dlarger

· Capital (fully paid-up) Yen 400,000,000) Reserve Fund

Yen 117,300,000

Celes Catogthe

.U.S.$6,000,000.00 US$1,882,882.04 *0.5.81,438,116.73

BRANCHES

(TAIWAN GINKO.)

HEAD OFFICE:-Talpeh, Formosa, Incorporated by Special Imperial Charter, 1809,

"At Prescott the cargoes will be transferred to boats of shallower draught to complete the journey to different financial struc-the ocean port of Montreal.

The main significance of the construction tures of the companies offer a com- of the Welland Canal is that it is plicated problem in view of the incapable of accommodating ocean vea- pending consolidation. There are seis and that when the shallower also thorny problems still to be stretches of the 'St. Lawrence river!

are deepened in accordance with cleared, but the way now, seems plans which are being considered Central Bank in Fortown, Denk Notas issued Avanga kimouni Y9 43,000,000 open for the closer co-operation, of

BRANCHES AND AGENCIES:

by the Canadian and United States JAPAN:-Tokyo, - Yokohama, Kabe, Osaka.*``_ paper manufacturers, which governments, ocean-going steamers,

the Keslusz TORNOSA:—ran, Kagi Karenko,

rationalisation of this can sail without hindrance from the Makong Nante, Shischisu, Taichu, Tan, will mean Takao, Tamsul, Torn, Isito, Tallo CHINA 1 Shag Hanko, Foochow great industry, the elimination of ocean to the upper Great Lakes. wasteful methods and the scrapping The Welland Canal will then form of antiquated machinery. At the an integral and important link in same time it is stated these changes the great St. Lawrence seaway pro will not entail any increase in the fact. The cost of construction of price of newsprint to the consumer the Welland Canal was in the neigh-

Swatow. Canton, OTHERS :~~Hong Kong, Singapore, Bourabaya,

Semarang, Betaris. Bombay London, New

York, Delran

LONDON BANKERS:

Bardage Rank, Lid.. Loyds Bank, Ltd. Midland Bank, Lid., Wastminster Bank, Lid.

The Bank has Correspondente world The Canadian Newsprint indus-bourhood of $125,000,000. It was

Commercial Centree throughout the

HONG KONG BRANCH ~

Kadagy

K. NAOCHA,

8. Des Tex Boed Central Hang Koss, Decumber 24, 1983,

PHOTO-SUPPLIES

Kodaks and Cameras, Films, Plates and Papers, etc. Developing, Printing and Enlarging ZIESS and BUSCH FIELD GLASSES

Price Moderate.

A Trial Order is Solicited.

A. SEK & CO. Tel No. 23459. 26A, Des Voeux Road, C Hons Kong.

try, which la much the largest in-a Dominion government undertak- dustry of its kind in the world, ing.

"the production of Canadian mills

aggregating twice that of the mills MANCHESTER MARKET

of the United States, has suffered appreciably from the slackening of

the world's consumption of paper.

Favourable Situation.

REPORT

For never months the mills in

Prices have become slightly eas- Canada have been operating atier during the week following upon from 50 to 60 per cent. of their news of favourable weather from capacity. The growth in construc-the

States. It is reported that tion of paper making plans has conditions generally have been bet- been too rapid. No new mills are ter and that the continued hot for the present being built but spell is checking weevil activity. construction was so rapid in the The crop is still in a uncertain years 1928 and 1929 that when the condition and it will be difficult time of depressed trade arrived the for private estimators to forecast mill-owners found that they were the official Government figures, in a position to supply a much which are due early in August. The greater volume than the domestic world consumption figures are and foreign markets could consume again disappointing, the de- The result has been that one or two liveries of American to consumers large firms have had to consider re- for last week being only 146,000 organisation of their financial bales against 169,000 bales for the structure.

same period last year. The total for the season so far is 18,180,000 bales against 10,944,000. Accord- The Canadian newsprint industrying to some authorities the mill HONG KONG HEIGHTS is, however, in some respects most curtallment in the United States is favourably situated. The vast having a steadying effect on prices, spruce forests of Canada furnish and there are signs of a brighter ample raw material for the mills outlook for trade. No settlement and the cheapest power in the world has as yet been reached in the is derived from cataracts on Cana- Burnley area, where the operatives dian rivers, Practically all the are on strike in protest against a paper mills in Canada are driven by 12% reduction in wages and electricity derived from these water business is being severely handl- power plants. Another favourable expped. Although there has been factor in the situation is that Cana- a fair amount of enquiry, about, dian newsprint mills are expanding there has not been anyweight of their markets throughout the world. business. Offers generally have. Although United States news been impracticable, while response: papers purchase approximately to cabled prices has not been e 85 per cent, of the newsprint

ex-couraging. India has remained parts of Canada, ninsteen other quiet. There has been mention countries are now regular custom-made of the dumping of Japanese ers of Canadian mills. Among the goods in Bombay and Calcutta, most important are Argentina, Auswhere an immediate tariff to meet tralia, Japan and China.

the situation is being considerad.

For the Information of visitors the following list of come of the highest points on the Island and Mainland is published

Island.

Victoria

Signal

Interialcon

Jerusalam

Mt. Parker,

London

Livingool

Mountain Lodge.

Feet

1,823 1,774 1,784 1.725

Enoscan

The Eyrie

Peak Hotel

1,725

1,805

Taikoo Sanatorium

Mt Davis

1,000

877

Bowen Road (filterbeds)

297

Maluland.

Feet

Taimon Rowlocy Peak

8,124 1,971.

Head Office-YOKOHAMA.

Branches and Agendes at:

Alexandria

Batarin

Berlin

Bombay

Cakulta

Caiston

Changban

Nagasaki Nagoya Newchwang New York

Dairen. (Dalny) Fengthen (Mukden) Hio de Janeiro

Luxor Margallas Cemeteákianpie Monte Carlo

Mantoux

Branches of American Express Com ipway, in Pelncipal, cities of United

Ébébés of· America and Canada.

All classés of Commercial Banking Piransactions" undertaken. A

Investment

Bankow Harbin

Osaka

Pavis Paiping Rangoon

San Francisco Seattle

Shimo

Exports of newsprint to Japan. There has been some demand for and China have expanded very light bleaching goods, prints and materially in the past two years fancies from Calcatta, while both and: Karaçiti have also.

In the fiscal year ended March, 1982, exports to Japan were 438,816 | sho hundredweight valued at G1975,187,

compared with 21,854 hundre

weight worth G#64397 in-

To China exports wer

No Improv

in light been

the China

THURSDAY, AUGUST 25, 1932.

SHARE MARKET.

The official summary of the Stock Exchange Issued yeater- day i-

There were no fresh develop ments yesterday morning. the mar kat being quietly steady with scarcely any alterations in prices. SALES

Union Insurances, $462/470. China Underwriters, $2.95.... H. K Hotels (old), $10.60. Hong Kong Lands, $75/754, Hong Kong Realties, $9.45 Hong Kong Trams. $22.20/224. China Lights (old), $172. Cements (comb.), $18.

BUYERS."!

Hong Kong Banks, $1565. Union Insurances, $465, China Fire Insurances, $820. International Assce, Tla,' 4 H. K. Steamboats, $22. Union Waterboats, $20 Benguet, Consolidated, $15, Raubes, $40.

Benguet Explorations, 20 cts.. Shanghai Docks, Tis.85.- H. K.. Hotels (old), $10,60 Hong Kong Lands, $75. Humphreys, $15.90.

Hong Kong Realties, $94 Ewo Cottons, Tis.14.15. Hong Kong Trams, $22.10. Peak Trams (new), $72 Yaumati Ferries (old), $34%. Yaumati Ferries (new), $834 China Lights (old) $17.40. China Lights (new), $17. Malabon Sugars, $25.

Cements (old), 891⁄2" Cementa (new), $4. Dairy Farma, $28.

Lane, Crawfords, $54.

H. K. Amusements, $19.

H. K. 'Govt. Loans, 8% Premium.

SELLERS.

Providents (old), $5.10. Hong Kong Electrics, $75

YESTERDAY'S SOLUTION,

ABLE EMIT ROD ABM2AFRED RIPENS FORE SE TENCT IN A

ODE NOR OPENS AE ATE

▸

D

RATE

APER ARC CLA RAW SO AJIOC P HOUNDS 035IGY ANN DEARS SUR VCDS. NEE ETTE

NEW YORK STOCK EXCHANGE.

A.O.F.C. Quotations.

New York, Yesterday.

List To-day's Changes Aver Apr. 30 Industrials 72.15 78.55 1.42 up 20 Rails 33.45 36.82 2.87-up 20 Utilities 82.26 32.6943 up Messra. E. A. Pierce & Co. Re- port: Further gains are indicated but the market is more selective.

Air Reduction

Last To-day's

Allied Chemical & Dye 83 American Can

Price Price

60% 60%

83%

66%

5739

American Telegraph &

Telephone

American Tobacco "B" 80%

Auburn

67%

Borden Company

RT

Canadian Pacific. 18

Consolidated Gas ot

New York

60%

61

Drugs, Inc.

40%

46.

Du Pont de Nemours

39

40%*

Eastman Kodak

General Electric

***

54

19%

General Foods"

General Motors

30 15% International Harvester 82% International Tel &

Tel.

11% Liggett Myers "B" 59% Loew's, Inc.

3244 Pacific Gas & Electric 81 Pennsylvania Railway. 18% Radio Corporation Sears Roebuck

30%

12%

39. 33.4 82 18%

94 ・

2214

23%

Standard 0 Co.

New Jersey

36%

Socony-Vacuum Corp.

11%

11%

Union Carbide

Carbon

26%

Union Pacific

United Aircraft & "

Trans

18%

18%

45%

United States Steel 45'

Westinghouse E. & M. 39

* denotes et dividend.

COUNTRY FLOODED

WITH OIL.

Giant Gusher In Roumania.

Bucharest, Aug. 15, Near Moreni, at a place where soundings for oil have been taking place, enormous quantities of gas and oil suddenly burst forth and are flooding the whole countryside."

As one match would suffice to ignite it, the gendarmarle are supervising the hasty evacuation öf the whole region by the popula tion.

DAILY CROSS-WORD PUZZLE.

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

12

113

15

16

#

12:

16

17

20

25

25

35

14243.

48

HORIZONTAL": 1-One of two squat

4-Land masuure S-Portion

Makes warm 11-Rescue “

HORIZONTAL (Cont.)

Combining form. consumed

86-A dance

18-Furbearing animal: 67 Perched 14-End

16-A WRITE AST To allow to remain

Ever (Post.)

sailor (Collog)» GZ-A job

GAVERTICAL

stract.

"VERTICAL" (Cont.):

|21-Guided

|24-Largs monkey:

26-Not at ANY timu

10-Girl's narys (short)

onour/anske

KUA PUNCH

THE Opwr tO ILZE AVILY