1933-02-02 — Page 4

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorized Capital ..........

und and Fully Pulé-up

Lore Pundai-

BortiDE00808

Glver 10,000,

4.000.0

900,000

Scores Liability of Proprietor $20,208,800

ARAD OFFICE: HONGKOND.

BOARD OF DIRECTORS-

Boa. Mr. 3. J. Paterson,

T. E. Para, Zaq.

Deputy Chairman.

'Me Mr. St. IX. Ball.

Compton, Ext.

1. Jakaros, Pinj

*. Miskia, Zeq.

HOT

DANOROB

3. A. Pammar, Ta

1. I. B that, Boj.

3. 2. Waktua, Bog.

V. M. Oyba, Esq.

Chief Mungu.

BRANODES 1-

LONDON

LYONS

MALACOA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1859.

HEAD OFFICE: LONDON,

Pald-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000 £3,000,000

.£3,000,000

ALON STAB

AMNITRAR

Agencles and Branches:

BANG KON BATAVIA BOHDAY CALCUTTA CANTON

CAWNPORE *KBU

COLOHDO

HAIPHONG

KUCHING

MADRAS

MAKILA

MEDAN NEW YORK

PEIRING (Pking) PEXANO

BANGOON

BAIGON

DELITI

SEMARANG

БЕЛЕНВАМ

HAMBURG

BHANGHAI

BANKOW

KINGAPURS

TARDIN

SITIAWAN

HONO FOMO

HOUILADATA

HAILA

TAIPING

IPOLL

MOEDEN

TIENTSIN

KABAOH!

TOKORAN (Dhokes)

NEW YOR駕

ELANO

THINGTLO

OGLOKBO

Кола

DAIGEN

YORQUAMA ZAMBOANGA

NATAVIA BOMBAY

CALOUTTA

CAKTON CHEFCO

FOOCHOW

BALLBONG

HAMBURO

DANKOW

HARDIN

HONDKEW

ILOILO

ΠΡΟΣ

JOHORY

ΠΟΛΕ

BOWLOON

KUALA LUMPUR

MANILA

MCAR (Jobare)

PEIFIKO

PENANG

BANGOON

BAIGON

BAN PRAECIPUO

BHANGHAI

SINDAPORA

BOUBABAYA · BONGEI PATANI TIENTSIN

TOKTO

TRINGTAO

YOKOHAMA

Carrunt Act opened in Local Outroy

and Fixed Depodia received for one you or shorter periods la Local Currows and Burling *s terme which will be queled on application. Mens Kong, dib ape??, 1531.

HONG KONG SAVINGS BANK.

The Bustion of the shove Bank la conducted by 13 HONG KONG AND CHANGULLY BANK- Buse they be chintuan OGRPORATION. appilation.

* THE BONGKONG AND SHANGHAI

4. LIKE CORPORATION.

T. M. GRATHORN,

Chand Manson -

Mong Kong, 27th February, 1939.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:--Hong Kong

Ruthorised Coplin (U.E. Corrency) ~~€11,000,000 Fald-Up Capital 1,645,00

cap 1,100,000 BRANCHES-

Be Fund .....

Clon, Shanghal, Hanzow, Bangkok,

and Ban Fikco.

LONDON HANKERS—

The Lloyd's Dank, Tlmised. CORRESPONDENT

Is it principal cities of the World.

Borsign azahange and banking busiasm of

description tractad

* Depolis Boxes (rarious simon) ni a guarly Toma of trata $5 to $40.

LOOK POONG SHAN,

Chief Manager.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

15, Grisechurch Bizet, London, EC.A.

..£3,000,000 1,800,000

Authorised Capital

Bubscribed Capital

Pald-up Capital ....... 1,050,000 Reserve Fund Reat. 1,217,927

DANKEBB1

The Bank of England & Midland Back, Ltd.

BLANQUER:

Ipob

Kandy

Karachi

Bangkok

Bombay

Calouste

Koin Dhar

Gelombo

Hua Lipia

Doll

Kuala Lumpur

Urča

Hoa Loa

Fonsag

Port Loula

(Maurius) Bangoon Shaoghai

Sizola

Huantan (Palangi Singapore

Madena

New York

Bourabaya

HONG KONG DRAVER.

Every descriptices of Banking sad Exbangs bcal-

4ove tranaclodi

Teavaliers Chaque issued.

Trustee and Executorships under taken,

INTERRAT allowed to Current noun and Find. Doposta at Betos thus may be ascertained -on application.

J. B. ROSS,

Manago:. Queen's Blood Central. Hong Kong, 7th April, 1982.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

KUALA LUMPUR

General

Foreign Exchange and Banking business transacted.

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

A. BREARLEY,

Manager.

THE CHINA MAIL.

Commerce and

Finance

NEW YORK STOCK EXCHANGE.

A.O.F.C. Quotations.

New York, Yesterday, Dow Jones Averages.

Last To-day's Changes Aver. Aver.

72 down 63 down .80 down

30 Industrials 60.80 59.08 20 tails.....28.02 28.39 20 Utilities ..26.00 25.80 40 Bonds

EXCHANGES.

TO-DAY'S QUOTATIONS.

On London-..

T.T.

On India-

..80.54 80.54 unchanged |- Mesara, E. A. Pierce & Co. Re- port: The market was compelled On Parts to absorb unfavourable news to- day, namely the reduction of U.S. Steel Preferred dividend, the amis- sion of an extra dividend by the Standard Oil of New Jersey, the unrest in Germany and the weak- On nass of Canadian exchange. the whole the market met the test satisfactorily. Business done:- 1,190,000 shares.

Air Reduction

THE BANK OF TAIWAN, LTD. Anaconda Copper Mining 7%

(TAIWAN GINKO.)

HEAD OFFICE:-Talpeh, Formoss.

Incorporated by Special Imperial

Charter, 1800,

T.T... On demand On Shanghai-

On Kobe

$245,225 PROFIT FOR HUMPHREYS.

Shareholders' Return

Of 9 Per Cent.

A mt profit for the year ended December 31, 1932, of $245,225.74, and after deducting Directors' Genen! Managers' fees and add- ing $59,924,89 brought forward from last account, is reported by Moss. Humphreys Estate and Finance Company, Ltd.

THURSDAY, FEBRUARY 2, 1993.

New Political Unit. In Canada

Economic System

Socialist Lines

On

MANY ADHERENTS

Ottawa.

"Our idea," Mr. Woodsworth ox-

A dividend of 8 per cent. and a bonu of 1 per cent. is recom-| mended by the Directors, and this payment will absorb $180,000.

Income for the Year WRE this $285,580.14, $261,880.84 of

A now political force is growing plained to Reuter's Correspondent,

"Is that the substitution of a Com-. figure coming from rents, while u

lin Canada.

monwealth in which production was sum of $4,530.80 represents un-

It is known as the Co-operative Inspired by human need and not claimed dividends, which has now

Commonwealth Federation. been forfeited.

Bre

It in private profit would end this anomaly

with

of the Federa-

The largest items of expenditure vited under its banner all those who of starvation in the midst of plenty was the allowanco to the General are dissatisfied with the present and would prevent this complete

cover state of affairs; political groups collapse.” Managers of $15,000, to

disappointed

Ambitious Programme. offler rent and salaries. Insurance which

and performances on properties amounted to an ex-the policies

The programme penditure of $11,558.08, and a fur-of the old parties and the forces of

tion includes: ther $11,984.08 was absorbed by discontent peculiar to periods of remuneration to the General Man-industrial depression and unemploy- Nationalisation of financial and credit system, with a view to regulating credit and investment The Annual Meeting of the It advocates a new economic sys-operation. Company will be held at the Hong terd on Socialistle lines and farmers. Abandonment of the golá Kong Hotel on February 18, at 11 and Labourites are behind it.' standard.

CITY'S TOO MANY SHOPS.

ment.

Its mission is proclaimed as "the Adoption of a policy of inflation. transformation of the productive! Public ownership of public system in Canada from one which utilities. makes for private profits to one

Ownership by the State or co- which supplies human needs.** joperative organisations of the In less than six months since its facilities and utilities incidentul to

Alberta-the Federation has drawn products.

One To Every 47 People birth-at a convention in Calgary, the handling and procession of farm

In Milan.

On-demand

1/834 1/9%

4 months sight

1/3

Credits 4 months",

sight

1/4

On New York

On demand

21%

Credits 60 days'

sight

22

On demand Credits 4 months'

Bight

556

595

84%

.... 84%

On demand

76%

On demand

1034

agers.

--Last To-day's

On Manila-

Price Price

On demand.......

4814

#

On Singapore-

001%

58

On demand

Hong Kong. 17th November, 1932. Allied Chemical & Dye 85% American Can....... 60% American Tel. & Tel. 104% ... 80% American Tob. "B"

Auburn

55%

83%

a.m.

On Batavia-

50%

101

On demand.......

54

574

On Saigon

7%

On demand

551⁄4

404

On Bangkok-

Borden Co,

21

Canadian Pacific

115

On demand....

145

Chrysler Motors.

19%

13%

Sovereigns Baok buy-

Consolidated Gas of N.Y. 57%

65%

ing rate

1/4%

Drugs,

Inc.

35%

34

Du Pont de Nemours

39%

37%

Bat Silver per oz.

.. 17

Eastman Kodak

5814 58

Bar Silver in Hong

17%

184

Kong

15 14%

Copper Cash

Nomina! Nondual

24

23%

Copper Cents

1% prem

General Gillette Safety

13

13%

17%

16%

Rato of Native In-

Internat.

Harvester

22%

21強

terest

Liggett &

Internat. Tel. & Tel.

0%

50% &Myers "B"

6/ 58%

Chinese Sub. Coin

82% Pai 30% dis.

Loow's Inc.

16/ 16

Hong Kong Suk Coin par.

Montgomery Ward

14% 139

30

38

2916

20%

18% 18

London, Yesterday.

4%

19%

10

Parls

Mangwe

Standard Oil Co. of N.J. 2912

254

New York

86 11/16. 3.38%

Socony-Vacuum Corp.

6%

6%

Montreal

4.04

Union Carbide & Carbon 26% Union Paclße

264

Brussels

24 11/32

76

75

United States Steel

28%%

26%

Geneva

17 17/92

Westinghouse E. & M.. 28%

$1.60 basis.

27%

Milan Amsterdam

66 5/16

gains, the Federation belleve, that Government servanta

8.43

+ $3 basis.

Berlin

14.25

Stockholm

18.45

often with disastrous results.

Copenhagen

22.40

Oslo

19

Vienna Prague

29%

1143%

Helsingfors

227

FRENCH COURT UPHOLDS RETAIL PRICES.

Madrid

41%

Athens

600

Lisbon

110

Bucharest

576

Belgrade

250

Rio

5% nom.

Montevideo Buenos Airea Bombay Shanghai

34 Nominal

courts.

2

41 0.R.

In one case several of the big-

1/8 5/82

Central Bask in Forspoon. Bank-Notas lasued Average amount...Yan. 15,000,000 DRANCHES AND ADENDIER JAPAN-Tokyo, Yokohama, Kobe Osaka.

Barenko, Kagl. FODMOSAI

Makong Nazca, Buchiku, Taisku, Talna Takso. Tag! Tosa, Helto, faito

Amoy, OKINA-8gbal, Biankow,

Foocom

Bispore, Boorabaya,

Bwater, Canton Con OTHERS-Hoog

Semarang, Betaris, Bombay, London, New York, Deiren.

LONDON DANKERS 1 Barclays Bank, Ltd., Lloyds Bank, Ltd. Midland Bank, Ltd, Westminster Dank, Ltd.

The Dank has Corespondente in all the prindys Commercial Centres throughout the world. E. NAGUDA,

HONG KONG TIRANOR 1

& Bes Your Road Cel Hong Kong, Desember 14, 19.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SQUIETY)

BANKEDA,

#tablished 1954

Hong Kong Dick1-11, Queen's Hood Central

Dandong",

+

e Bond & Share

Electric

General Foods

Gener

Motora

National Biscuit

Pacific Gas & Electric Pennsylvania Railway Radio Corp.

Sears

Recbuck

વાત

LEAGUE OF NATIONS Contracts.

Only One Contract Of Value To Britain.

Authorized Capital.....f. 160,000,000

It has long been recognised 'in Paid-Up Capital ....... 80,030,000 Reserves

.......... 20,016,000 theory, if not universally in prac-1 tice, that he who pays the piper Head OF, ANSTERDAM*.

should call the tune. It has also Eastern Head (now 1—BATAVIA.

been general knowledge, If for a Branches-Handfermasin,

Dombey, much shorter period, that many of Calotie, Chaobom, Djamber, Fjok. inkaria") The Hague", Jab the High Contracting Parties to the Kakozar, Medan, Palambang. FinLeague of Nations do not pay their longan, Pony, Decgoon, Botterdam", Semarang Buanghal, 9tgapore, Some subscriptions with that promptitude bala, Garakarta (Bolo), Tagal, Tyllatjar which is considered with us to be and Walis redea”.

case of debts of necessary in the honour and that some of them are Thie even many years in arrear. being so It would seem only equit- able that those nations whiva are in

'The ones have Bala Deposit Boxes 10 Las

LONDON BANKERS: →

NATIONAL FROVINCIAL BANK LID.

Correspondante all cur the world. Banking Bul-good standing, among which is

| kase at weary dracolpiĵon transsojad.

A. STOKINE.

Manage

Hong Kong, 21st June, 1982

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office-65, Broadway. New York.

Capital

Jurplus Beserves

Eeserve Fund ................

Yon 117,800,000

max ALIME Athine Bada

Head Offers-YOKOHAMA

Barlia

Biarrita Bembay

Branches and Agencies at:

Alexandria a

Batavia

Berlin

Bombay

Calcutta

Dairen (Dalny)

Nagasaki

Nagora

Newchwing New York

OFAYZ

Paria

Pelping

Zangtien (Mukden) Bangoon

Hamburg

Hankow

Rabin.

Kong

Falaking

Kobe

Los Angeles,

London

Rio de Janeiro San Francisco Seattle

Semarang

Eangod Ringapore

Soarabaya

Bydney Tientsin

Tokyo Taingtas

U.S.$6,000,000.00 . U.S.$1,837-852.04 .U.S.$1,459,116.78

BRANCHES:

Kion

Kaplas

Parts

Penang

QDOR Glergom Havane Haaberg Home Interlaken Pelping

Targanlarn

Tosdos Baslow Area Idverpow

Cater Dalzo

Galatia

- Banner

Dolemba Dopenhage Einbands

Vioresce Cheers

· Laxor

Marsation -

Menila

Mastich

Montrea

Botterdam Bombe Blamboul Shanghal Southamptos Bingapors

Venlos

·Tokubarna Zuric

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

All claanes of Commercial Banking | Transactions undertaken,

Personal Investment accounts handled.

The Company offers to intending Travelers the use of Its ("Travolers!

Interest allowed on Current Ac Cheques and Letters of Credit and,

•countan

In addition, the world-wide services

Deposits received for fired periods of its thoroughly equipped Travel De- st ratos to be obtainad on application.{partment.

* EL MORIES

Manager.

Hong Kong, 20th December; 1882.

E. W. DUGGAN,

Manager.

LONDON EXCHANGES.

so many adherents to its support Measures designed to bring about that it may be reckoned to-day as aja moro-equitable distribution of There are 20,821 retail shops in factor of serious importance in the wealth.

Revision of the Constitution of Mih-one for ever 47 inhabitants next battle of the ballots.

Canada -and Federation

the provincial

Fascist Commerce are

Not Yet Official.

and re-defining of the

of

Although not yet a recognised responsibilities of federal and pro- serbusly preoccupied by this political party, the Federation convincial authorities.

Recasting of tariff policies to swarm of small shop-keepers anys stitutes an alliance directed against Raster. It is considered to be one both Conservatives and Liberals-encourage export trade and the wel. reason for the high rate of bank- and the claim is now made that it fare of the primary producer and runcies.

to consumer. will elect sufficient members An attempt was made some yeare force the old parties to form aj A non-party system of ago to check it by making every re-coalition in order to retain power.ment, and the elimination of secret taller obtain a licence and lodge a It would thus harass the old-time campaign funds and patronage.

It is announced that the next deposit before opening a shop. Conservative and Liberal dominanco

The reason why so many people that has held away aluce the birth step in organisation work will be ria their modest capital for small of the Dominion.

is

govern-

the provision of a channel for the

Western Canada supplied the admission of support from "white of callar" labour and from the profes- try to Federation's Initial sources add to their incomes by letting strength. The Western Labour alons. The Federation is deter ther womenfolk keep a shop, and Conference first espoused the move-mined not to lot the movement take on the complexion ... of a "class"

ment.

of struggle-Reuter.

Then the United Farmers Alberta and Alberta's farmer Gov- Jernment decided to give their sup portat least so far as the objec

with itives coincided

those of Alberta farmera.

The numerous Former-Labour the right of manufacturers to party of Saskatchewan then became govora the retail sale of their pro-affiliated, thus giving the Federa duct the marketing of goods have tion its largest accretion of strength just been concluded in the Paris since its formation."

Two law cases which concerned

gest perfume manufacturers In

Independents* Support.

THIRD ACCUSED

ACQUITTED.

Jubilee Road Trial Concludes.

Lam Yat, the third of three men

A majority of the sixteen In-charged with the murder of Lam

1/8 5/16 France sued retailers who had sold dependent Members of Parliament Kam-chuen on the night of Septem- Hong Kong

1/3%

their perfumes at prices either are said to have endorsed the move-bor 28, in a lonely spot in Jubilee 1/2 15/16 Yokohama

alove or below the prices stipulat-meat's programme. Further affilia-Road, was this morning acquitted by tions have been made by the In-Mr. Justice Wood at the Criminal South Africa 99%-100% per ed by the manufacturers.

Labour Party of Sessions £100 sterling. Silver Spot Silver Forward: 17 1/16 War Loan 3%.. 99 5/16

-British Wireless Service

17

Great Britain, should be given the flrat opportunity to obtain League contracts, especially those of some German Government recently. ex- value which are now being awarded pressed its willingness to make their in construction with the new build-latest contribution to the League in ing at Geneva.

the form of marks Inside Germany,

Manitoba, the Alberts Labour Party After Mr. R. C. H. Lim, counsel In the second case M. Albert and the Socialist Party of British for the prisoner, and Mr. J. A. Fraser, Prosecuting Counsel, had Columbia.

The court imposed fines ranging dependent up to £150. Bonneau, proprietor of five hotels in central France, was heavily fined for labelling wine bottles contain ing ordinary wine as containing famous brands.

FAIREY AVIATION CO. SHOW PROFIT.-

Still further. endorsement comes addressed the jury at length, a un from the Quebec Labour Party. animous verdict of not guilty was

Lastly-but perhaps most import-returned. ant-the United Farmers of Ontario have determined actively to re- enter politics and to affiliate with the Federation whore the latter's programme conforms with that of their own.

The Manitoba farmers are ex-

North-Centre.

CHINA MAY WITHDRAW FROM LEAGUE.

(Continued from Page 1)

Hence it is generally believed |that the discussions of the racom- mendations at Geneva during the next few days will determine the Chinese attitude to the League.

We are, however, informed by the but refused to provide any facilitles Federation of British Industries for their transfer to Geneva, a hint that, as far as can be traced, only that they would be delighted to sup.

The full accounts of the Fairey pected to join the movement within Jone contract of any value, has so far ply goods for the League Building.

This is what the President of the Come to this country, in špite of the

We are therefore glad to learn Aviation Company, Ltd., for the the next few weeks.

about the fact that representatives of firms that the Federation has sent a letter year to September 30 show trading have in many cases gone out to to the Department of Overseas profits of £185,640, against £174165. Federation has to say Geneva and done their best to over Trade pointing out that as Great There is £45,000, against £48,000, overment. He is Mr. J. S. Wood- come the difficulties of obtaining the Britain actually supplies a great transferred to general reserve and sworth, Labour M.P. for Winnipeg "We do not believe that capital- specifications. This appears to be proportion of the funds of the $40,000, as before, to patents re- due to the practice of specifying League her manufacturers should re

As announced, the Ordinary divi-am can survive much longer. We see the present system. head- specialities of foreign firms and to at least to given a fair share of the dead is to be maintained at 10 per

ing for precipice-with anarchy, The Chinese papers have agreed other obstacles which are placed in contracts of that body. With this

ship and Buffering as probable ancy regarding the Manchukuo consequence. That is why we question to Sir John Simon's have formed the Co-operativo "manipulations" at Geneva-Reu-

ter. Commonwealth Federation, A

Meanwhile, the local verna- cular newspapers continue to display great indignation over Britain's "pro-Japanese" atti- tude.

the path of British industrialists. opinion we are la hearty agreement, ont. The 10s. shares are quoted at fascism, dietatorship, untold bard- in ascribing the League's healt

That the matter is not unimport-As it is, we get little enough our of ant is shown by the fact that the the League-Engineering::

THE BANK OF EAST ASIA, LTD.

Established 1918. HEAD OFFICE:- 10, Des Voeux Road, Central TRONG KONG

Capital and Surpits Total Resources

over ELS 8,000,000.00 over H.$40,000,000.00. Every description of Banking and Exchange business transacted.

Current and Fixed Depoalt Accounts in local and for- olga currencies opened for clients.

Savings Account and Safe Deposit Boxes. Eranches and Agencies all over the world.

KAN TONG PO,

Chief Manager.

10a.

PROMINENT BANKER RETIRES.

Mr. Albert H. Wiggin, chairman d the Governing Board of the Chase National Bank of the City of New York, did not stand for re- dection at the annual meeting on January 10. Mr. Wiggin, who is end of the best-known figures in international banking circles, will ta sixty-five years of age this month ind has served the bank for 29 YURTS.

Nat revenue of the Scottish Stock holders Investment Trust amount- id to £7,517 last year compared With 24,085, In view of the con- tinued decline in revenue and the uncertainty of the immediate out- look, the directors consideredit nadvisable to pay the half-yearly Preference dividend due November 1.last,

HONG KONG BENEVOLENT SOCIETY.

The Committee of the above Society would be most grateful if those interested in its work would kindly send In their donations or subscriptions.

Money is urgently needed and funds are very low. No amount is too small and will be most thankfully received by the Hon. Treasurer.

MRS. E. I. WYNNE - JONES,

161, The Peak