1932-09-01 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capilat

Imp and Paily Paid-up

·Bamarre Funda 1— ~

Starling $500. Blizer TD,000,000

20.000.000

Beterre ability of Proprietor,#20,000,000

IFEAD OFFICE, HONGKONG,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE CHINA

THE HO HONG BANK, LTD.

(Established 1917.399

SINGAPORE.

HEAD OFFICE LOCAL BRANCH:—

13, Queen's Road Central

Authorised Capital: Straita $20,000,000- Issued Capital ...... Incorporated, by Royal Charter, 1853. Paid-up Capital

HEAD OFFICE:: LONDON.

Paid-up Capital, Reserve Fund

Vion. Mr. J. J.. Paterson, Chatzinázi

Reservs Liability of Pro-

prlotorn

MOARD OF DIRECTORS

T.... Pero, Est..

Deputy Chairman.

B. V. HL 51.

J. A. Flamalie, •Enqu

"ANOT

BANGKOK

BOSELAY

BATAYA

CÂKOUTTA

CANTON

CHRPOO

COLOMBO, DAIBEN

POOCHOW BAIPHONO

HAMBURG

HANKOW.

HARBIN

HONEYW

LOILO

под

XOLORE

ZOBR

KOWLOON

3. E. Waeria, M

V..M.. Gaybure,, Esq.

Chini Manaque...

BRANCHES

LONDON

EYONS MALAQUA

KUALA LUMPUR

SLANILA

MCAR oldes

MURDEN

PRIPING

NANO

NEW. YOOK

RANGOON

NATUON

SAN FRANCISCO

RILANGHAI

SINGAPORE

SOURABAYA

HUNGSI PATANI

TIENTSIN

TORYO

TRINOLAO

YOKOHAMA

Current Accounts "prved in Loon Currary and Plant Depolls rerized. for one of shorter periods in Loes). Qurroney and Bierling aleetas walok will be quoted as application.. Hong Kong, 8th April, 1982:

HONG KONG SAVINGS BANK.".

Las Buslosse 'of the above Back in condunked

HONG KONG AND SHANGHAI BANK THE CORPORATION:- Bưʻm may be nhóclud

pic.

con exà gồNGKONG' AND 'REANGOAI MAKTAB DORPOBATION,

V. M. GELIBUAN,

Chal Manager..

·Hong Kong, 27th February, 1932. ....”

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capital (II.K. Currency)...$11.500.000

Pald-Up Capital mana

Bare Fund gene

BRANCHES :-

4,645,008 5,100,000

Castan, banghai, lankow, _Swalow, Bangkok, New York and San Francisco,

LONDON BANKERS :-

The Lord's Dank, Limited.

CORRESPONDENTS******

in all principal citime of the World.

Foreign exchange and banking bulo

every poription reacted.

Bats Deposit Boise (various sizes) sh, a yearly"

metal at from $5 to $40.

LOOK. POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov. ernment as an

INTERNATIONAL EXCHANGE

Subscribed Capital

Paid-Up Capital

Beserve Funds

BANK.

$25,000,000,00

$24,7, 200.00

| 3,8201603.82

Head Office: SHANGHÅL

HONG KONG BRANCH: 4, Queen's Road Central.

Owing to our numerous branches in China and large connections in the im portant commercial centrès of the world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.

We also handle the issus'of Bonds and other Publie, Fands of “the Chin- ees Government both at home and abroad.

SHOU, J. CHEN,

Kent 5th March, 1981.

1

· 8,000,000 4,000,000

Reserve Liabilities of

Shareholders

4,000,000 BRANCHES and AGENCIES in the principal cities of the world.

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

.£3,000,000

Agencies and Branches:

ALOR STAN AMRITSAR. BANGKOK BATAVIA BOMBLI BELCUTTA CANTON DAWNPORE

DELA FÉNIPTIONS KEMPURA. ELAN XOW HARRIN EOYOLONG TLOITO КРОН

KARACHI

KLAND

KUALA LUMPUR

KOBE

KO LEONG HOE, Managing Director.

THE NATIONAL CITY BANK OF NEW YORK.

KUĆNIKG

MAKERÁ

MEBAN

NEW TOKE

PELFING (king).

HEAD OFFICE: 58, Wall Street, NEW YORK.

FEMANG

BAYGOON

RATION

Capital, Surplus and

Undivided Profits U.S.$206,444,512

Branches in:

LONDON.

MEXICO

KELABANG

SKIEMBAN

SELANOMAI

SINGAPORK

ARGENTINE

'SITIAWAN

SOURABAYA

RELGIUM

"TAIPING

BRAZIL

TIENTSIN

TONGLAH (Bak)*

CHILE

PERU

TSINGTAO

CHINA

TOKOHAMA

ZAMBOANGA

COLUMBIA CUBA

Foreign Exchange and Banking business transacted.

General DOMINICAN

REPUBLIC

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

P

Manager

A. H. FERGUSON, Hong Kong. 8th July, 1932.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LİD.

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.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS. TRADING SOCIETY;

BANKERS,

Katablished 1821.

Hong Kong Ofori-11. "Queen's Road Centr

Authorized Capital

Pald-Up Capital

Rezerves

.t: 150,000,000 B0,080,000

1. 20,015,000

Head Off AMSTERDAM", "

Baxters Head Office-BATAVIA

|frasolón (—Bandjsemätin, Bando Benbay,

Calcutta.. Oberihon, Dember, Djok•

PANAMA.

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS | URUGUAY VENEZUELA"

Manager.

Commerce and Finance

World Merchants Revert To Barter

Britain Tries, To Exchange.

Coal For Flour

NATIONS'

BIG DEALS

THE LAST RESORT IN A DESPERATE

SITUATION,

THURSDAY, SEPTEMBER

EXCHANGES.

TO-DAY'S QUOTATIONS

On 'London-

1/4

Bank, wire

Bank, on demand 1/4/ Bank, 4 months" sight 1/4%

Credits, 4

months"

Sight

1/5%

On Paris-

On demand

5971⁄2

Credits, 4 months'

*sight

6374

On Berlla...

On demand

Nom.

On New York--

On demand...

23, 7/16

Credits 60 days' sight 24 9/16

1932

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

York, Yesterday.

Last To-day's Changes "Aver.". Aver

30 Industrials 74.80 73.16 1.14 down 20 Rails 3.135.87 30.58 .66 up

20 Utilities 1.38,65 89.10 .58 down

Messrs. E A. Pierce & Co. Re port:-We expect a comparatively strong market to continue but still. consider it primarily a traders' market. Business done: 3,000,000 shares.

Air Reduction

Last To-day'ı Price Price

Ou Bombay-

Wire

On demand

894 89

On: Calcutta--

Wire.

8994

On demand

89

On Singapartm

58

581

On demand

Allied Chemical & Dye 82

80%

On Maxils-

American » Can

564

5

On demand

American Telegraph &

On Shanghai-

Telephone

..............113%

On demand

76%4

American Tobacco". "B" 80%

11435 79/

On Tokohama-

Anaconda Copper Min-

ing

14

******* 1011⁄2

1/5

Auburn

63%

Borden Company

31%

Canadian Pacific

18 7/16

Consolidated Gas

New York

61

Druga, Inc.

484

Du Pont de Nemours 89%

Eastman Kodak

5744

1% prem.

Genèral Electric

20%

General Fooda

80%

15

While world statesmen are trying to solve international money problems as the first step to getting world trade moving again, more and more nations are turning to direct barter as the last re. On demand sort in a situation which makes trade by ordinary channels in- creasingly difficult, writes Francis Williams in the Daily Herald.

Sovereigns *Bank's

buying rate) Silver (per oz.)

So large has this barter trade become that British manufac-Bar Silver in Hong turers and industrialists whose export trade is being affected in Copper Cash...

consequence are becoming seriously alarmed.

Meanwhile. one. Newcastle coal ex- Gueret,

Commercial and Travellers' Letters of Credits, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold. Current accounts end Savings Bank accounts opened and Fixed Deposits in focal and foreign currencies taken at. rates that may be ascertained on application to the Bank.

An investigation is therefore be firms for coal supplies over the past We are also able to offer our Cus tomer: the services of the Branches ing undertaken by the British As- two years.` of the International Banking Corpora-sociated Chambers of Commerce to tion in Spain and also of The National see whether similar" transactions porting firm, Messrs. City Bank of New York (France) cannot be arranged by British Arms, Llewellyn and Merrett, Ltd., has S.A.. in Paris and Nice.

contract with the R. M. MCLAY,

This movement is being especial- signed a ly strongly supported by the Man- Finnish State Railways where- Hong Kong, August 12, 1932. chester Chamber of Commerce, and by it will supply 38,000 tons "of is also under discussion by the Lon- locomotive coal, taking timber, prin- don Chamber of Commerce..

cipally pit-props, in exchange. Other countries are

Other barter deals which are be developing trade by barter which is in effecting planned are between Germany putting the trading clock back and Argentina, in which German several centuries extremely rapidly, coal will be exchanged for Argentine Denmark, the latest country to wheat; between Spain and Argen- join the movement, is now negotiat-tina, in which Argentina will ex- ing for the big-scale exchange of change 100,000 tons of Argentine cattle with Krupps the famous Ger- wheat for Spanish railway material. man iron and steel firm, for agri-

Sugar for Cotton. cultural implements and machines.

Several of the European coun- Already Denmark has done a deal tries are also hoping to do big deals with the Polish, coalowners sending shortly... Czechoslovakia offering 4,500 barrels of herring to Poland sugar in exchange for cotton, and in exchange for Polish coal

THE BANK OF KWANGSI.

(Hong Kong Branch.)

Opening on September 6, 1932. Authorised Capital ....$10,000,000 Paid-up Capital $3,500,000

HEAD OFFICE: Nanning, Kwangsi,

"BRANCHES: Branches and Agencies in the principal cities, of the Kwangsi Province and Correspondents all over the world."

HONG KONG BRANCH: .. Gloucester Building. 1st floor. Des Voeux Road, Central.

Banking Business of every des- cription transacted.

Cable and Radio Address No. 2306.

"

Jugoslavia offering manufactured iron goods in exchange for tobacco.

These deals are but the latest in the increasingly ever-growing num-

These numerous barter negotia- ber of barter arrangements in which tions are an indication of the of world trade and almost all the principal countries of chaotic scate the world are now concerned. arise directly out of the various re-

strictions Cotton Deal.

exchange on foreign Telephones: Manager 30112, The United States Government movements which make it imposs Business 30118, Enquiry, 30114. was one of the first to enter the ible for many to be sent out of

PAK TSE-KUN,

an many countries in payment for Manager. agreement was signed between the goods imported. CHANG CHAO-TANG, Government-controlled Grain Stabili-: Corporation and the

4

barter field last year, when

Sub-Manageration

Jakarta The Hajusin THE BANK OF TAIWAN, LTD.

Makaian, Medan, Palembang, Zika Longo, Penang, Bangoon, Botterdam",

Semarang", Shanghai, Singapore, Soers-

(TAIWAN GINKO.)

SHARE MARKET:

Hong Kong, September 1, 1982. Brazilian Government for an ex- change of 25,000,000 bushels of

The official summary of the wheat for 105,000 bags of coffee.

Germany has also made an offer New York Stock Exchange to-day to exchange £800,000

worth of states:- artificial manures for an equivalent On the resumption of business value of Egyptian cotton. the deal this morning, markets opened in a to take place over a period of three somewhat subdued tone, but, later years.

on, there was heavy pressure” on China Lights, which closed easier. Sales.

bale, Ecorakarta (Solo), Tag head ofFICE:-Taipeh, Formosa

" and "Waðarreden","

• These offices haré Sale Deposit Bazar to LAL,

LONDON. BAKKERS)-

NATIONAL PROVINCIAL BANK LID.

Incorporated by Special Imperial

Charter, 1899.-

Central Bank tu. Formoen. BRANCHES AND

So anxious is Germany to develop

Correspondente all over the world. Banking Bust Bank Nato ORNOTES: 45,000,000 this barter trade that an Interna

nova ad every descripling, trancasted.

A. STOKKINE Hong Kong, 21st June, 1982

THE

JAPAN 2-Tokyo, Tokohama, Kobe, Ozku.

Karenko, FORMOSA Oliraa, ... Kegi,

Makong, Nasto, Bhimchite. Taicka, Tai, Tika, Tamaut, Toon, sito, Talla

CHINA Shanghal Hantow, Amoy, Focker,

Bestow, Canton.

OTHERS Hong Kong, Ringspork, Borsby, Basarang, Bateria, Bombay, London, i w -Tock, Dairen.

LONDON BANKERS:

Barclays Bank, Ltd., Lloyds Bank, Lid.

AMERICAN EXPRESS COMPANY, Misland Bank, Lady Workminster Bank, Ltd

INC.

Head Ofice

Broadway

Managers

THE

Capital OKOHAMA SPECIE BANK, Surplus

LIMITED,

"Reserve

Established 1880.

Yan 127,300,090

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

Fund

Hote Head Offed:—YOKOHAMA,

Branicker and Agencies at:

Vefandria

Batavia

Nagasaki Nagoga

Berila

Newchwang

Bombay

New York

Calcutta

Osaks

Polplug

Rangoon

(Mukden) Rio de Janeiro

teens San Franclasa

Seattle

Semerang Shangha

‚Ü.8.$8,000,000.00 U.8.$1.882,832.04 .U.S.$1,468,116,78

-Branchôi M1 Američki Express Cota-

[United} "pany” in Principal-' cities:

, of America, abd Ca

All chase:cöf Commercial Banking Transaction

naderi

The Bank haw Correspondente En all the selzeipsi ¡Commercial Centres throughout the world. L. NAGURA,

HONG KONG DRANCH ↑

- De Vaux Road Central. Hong Kong Dasanabyr My 1981,

« Manager

PHOTO - SUPPLIES

Kodaka and Cameras.

Films, Plates and Papers, ste. Developing, Printing and Enlarging.

ZIESS

BUSCH

cs and FIELD GLASSES

Přice Modern C, 4-

Trial Order la Solicited.

A. SEK & CO.

Tál No2 23459)

tional gooda clearing company has been formed there to arrange barter transactions.

Over 100 German firms are asso ciated with this enterprise, which has the approval, of the German Government.a

50

The new trade agreement between Russia and Germany is also framed as to develop direct barter between the two countries, and it has been arranged that Russian grain, petroleum, fax, and furs shall be taken as payment for machiner, electrical plant and other industrial works required by Russia for the five year plan.

A somewhat similar agreement has also been entered into between Russia and France, where a 001- pany of French.manufacturers has been formed which will full orders from Russia receiving goods to the value of those exported from France.

Coal Owners" Lösses:" Meanwhile British coalowners, who have watched with dismay the loss of orders due to the barter ar rangement between German col- Heries and Brazil, are endeavouring

Hong Kong Banks, $1,580. HK. & K. Wharves, $141. Hong Kong Lands; $753⁄41⁄4. Hong Kong Realties, $3.90. Shanghai Cotton Tls. 65%.. Cements (Combined), $18.55. Watsons (New), $12. H.K. Govt. Loans, 4% Premium.

[rt Buyers. Union Insurances, $465.. China Underwriters, $2.85. Hong Kong Steamboats, $222. Union Waterboats, $205- Benguet Explorations, 20 cta. HK & K Wharves, $140. HK. & W. Docks, $244. Providents (Ola)) $4.80. Shanghai Docks, Tis. 37. " H.K. Hotels (Old), $10%. HK Hotels (NOW), $10.10. Hong Kong Lande, $75%. Humphreys, $16340 V Hong Kong Realties, $9. Hong Kong Trams, $21,90. - Peak Trams (New), $74 Yaumati Ferries (Old), $85,.. Yazmati Ferries. (New), $883⁄41⁄4%. China Lights (Old), $17.10. China Lights (New); { 163⁄44. Hong Kong Electrics, 3741⁄4% Malabon Sugars, $25.

RK Amusements, $19%

to make krrangement which will en-Lane, Crawford's, $54. able them to dridertake similar con tracts.

Hong Kong Government Loans,

Sir Alfred Cope, managing direc3 per cent. Premium.

tor of the

Insuraness $4

Kong

Copper Cents

Rate of Native In-

terest

Nominal Nominal.

..... 84% pa. Chinese Sub. Coin 30% dis Hong Kong Sub. Cola Par

LONDON EXCHANGES.

London, Yesterday.

8812

General Motors

International Harvestor 30% International

Tel

Tel.

12%

Liggett & Myers "B" 61% Loew's Inc.

3434 Paelic Gas & Electric 321⁄4 Pennsylvania Railway 18% Radio Corporation.... 9% Sears Roebuck

24

Standard Oil Co. of

New Jersey. 35

Paris New York

3.46%

Montreal

8.87%

Brussels

25.02

Geneva Berlin

17.894

Socony-Vacuum Corp.

14.5732

Union

Amsterdam

8.63

Milan Stockholm Copenhagen

674

Union Pacific

18 15/32

Oslo

Vienna

Prague

Helsingfors

Madrid

Lisbon Athens

Bucharest Belgrade

Rip

Buenos Aires Montevideo Bombay Shanghai Hong Kong

Yokohama

Silver Spot ...

Silver Forward

19.40

19.95

29% Nom

117

"2321⁄41⁄2.

-43 1/18

110

560

5874

220

5.6/82

Nominal

.80. Nom.

1/6 9/64

1/9 13/18 1/4"

1/4

18 7/16. 18%

-British Wireless Service.

Carbon

Garbide &.

11%.

27

718.

United States Steel 47/

Westinghouse E. & M.. 38%

YESTERDAY'S' SOLUTION.

ACTUATE GOON PLASTER, TRAM PARONG RAT 1251 {HOLLOWA

ASCA TOILS ALTI SENNA NUL SCH ESTAING: SPACKE BIN OR O MOTO GARRETS DRESSES OREAD HAG STEAL #TCM TAUNT SCACI

BORROW

GRA APC: RIGHTER JOOTHES

DAILY CROSSWORD PUZZLE.

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

12

11

12.

15

16

19

24

22

27

132

58:

ZZONTAL (Gent)JEVËRT

(abbr) (Post)DOW)

(Contra)

tilum; (xhbr.)

bread on

with red and

Upon