1933-11-18 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

authorsand Captai

Formed and Faliy Pass CE,VOI Socorro Fundo --

€ 1,500,000 ------------€16.000,00€

Moverty Liability of Propelabers --... 800,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1851.

HEAD OFFICE: LONDON.

THE CHINA MAIL.

Commerce and Finance..

CANADIAN TIMBER

EXPORT.

£3,000,000 | Enormous Increase For

READ OFFICE: BONG ZOND.

Paid-up Capital Reserve Fand

£5,000,000

$

BOARD OF DIRECTORS 1–

Ever, May,

Chairman

Bezerre Liability of Pro-

pristors

$3,000,000

LOK STAR

AMBITRAR

T.". Khan, Kay.

Deputy Chairman.

1.'. Bourfield. Req.

L

Dodweli. Eng. Dapon. Fas fon. Mr. C., K. Machte.

AMOT SANCTON BATAVIA

CALCUTTA

CANTON

CEEFOO

COLOMBO

DAIZEN

POOCHOW

НАГРЛОКО

Title HANKOW MAREIN

BORGENY

ΠΟΙΟ

JOHOR

KOBR

HOWLOON

EDALA LOW

Miekto, Bog.

Dos. Mr. . J. Paterson

3. &. Plaumer, Bay,

.. (raybars. Bes.

Chief Masague.

PLANONICS :-

LAYMENIM

LIONS

MALACCA

MANILA

UAB (b)

MOLDEE

PEEPING

NEW YORK

FENANO

RANGOGI

SAIGON

BAN FRANOIB00

SHAMURAI

KINGAPORN

BOGRAMATA

RUNGET PATATE TIEK TOM

TOEW

TWINOTRO YOKOHAMA

Cement Strebl spooné in Loos! Operates and Flant Deported for

skater yarlada La Land Oncrowy mad Sharking essere abir's will to grated an applicaties. Hong Kong, 22nd May, 1983.

HONG KONG SAVINGS BANK.

The Home of the obera Manz ie oondvoted By the BONG KONG AND SHANGHAI HANK Mahon may be obtoženi THE DORPORATION.

FOR THE HONGBONG AND GRANGHA! SAMEINU CORPORATION.

V. M. OLAYBURI,

Chel Munger.

Hong Kong, 24th April 1983.

SAFETY FIRST !

To Safeguard Your Valuabisa and Jewelleries,

Depoalt them in Vaul

that in really: FIRE-PROOF BURGLAR - PROOF

DAMP PROOF ! OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is brocally Coo- stracted to provide of those Im- portant Qualition.

You may obtain a Safe Deport most up-to-date Vault Box in this for your own use at a very moder ate Rental

Inspection Cordially invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

BEAD OFFICE:-Taipeh, Formoon. Incorporated by Special Imperial Charter. 1829.

Conde Back in Parascat Baking und kvarugs seuraavi

On and after August 16th, 1933, the on Special Current rate of Interest

Agencies and Brancher:

BANGIOS

BATAVIA BOMBAT

CALCUTTA CANTON DAWXPORE CERO COLOMBO

DELET

BAIKHORO

HAMBURG

KANIOW

500 an

ROLO

TOR

ETONINO

MADALE

MAXILL

MIDAN

NEW YORK

PEIPINO (Paking) PERANG BANGOON SAIGON

SEMARANG SERENDAN KHANO HAI SINGAPORE KITIAWAN SOURABATA

TAIPING

TIENTSIX

KAN&CED

ALLRO

KUALA LUMPUR

TONÓKAB (Blender) TRINGTAO YOKOHAMA SAMBOANGA

and Foreign Exchange Banking business transacted.

General

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

A. BREARLEY,

Manager. Bong Kong. 17th November, 1952

vince

Eight Months.

NEW RECORD SET

Vancouver, Canada.

SHARE MARKET.

Weekly Reports by Brokers

Hong Kong, Nov. 17.

weekly Mr. G. A. Harriman's share report and market review lagued at noon states:

A dull market was again ex- Exports of timber from the Pro-perienced during the week under re- of British Columbia will view with many prices marked down Buying power create a new record this year ifto new low levels. the present pace is maintained. For remained very small though Hong the first eight months of 1933 ex-Kong Banks and Unions continued ports of sawn timber to foreign in demand at rates of the preceding markets (outside North America) week. Investment counters attract- totalled 360,000,000 feet (180,000 ed little attention with Wharves standards), according to figures re-done down to 3117 and Hong Kong leased by the Pacific Lumber In-Electrics to $73. Hong Kong Lands were also easier with shares offering spection Bureau.

Exports for the full year, tak Jat $74. Hong Kong Trams declined ing sales for the first eight months to a buying rate of $20-Star Fer-1 as a criterion, will probably reach ries maintained their strength and Tele- cased off having 260,000 standards. The previous were transacted, at $99%. recard was set in 1929 with a tota! phones again

at

of approximately 200,000 stan-changed hands at $30/50, closing in demand at $294. Among the dards.

minor issues Hotels again suffered a decline and were transacted falling rates from $6.15 to $6, China Lights dropped considerably, and Cementa were done down to $9. of

leased off a great deal and were put through at $1.30/50. Ropes again touched new low levels with shares Jon offer at $6.00. Lane, Crawfords'

showed prominence and

Up to the end of August of this the year exports of timber from

Great Pacific coast Province Lo

the figure THE BANK OF CANTON, LTD. Britain have doubled

for the corresponding period

Shipments to China have 1032. trebled and those to South Africa have increased fourfold.

Ratablished 1911.

Košmė Onakhać (M.X. Ourroney) ...$11,006,000 Pál-By – Chelial s Montre Fund $160,000

Canton.

BRANCH ZA 1-

Bankow, Bangkok,

and Han Francione, LONDON BANEZES :—

The Lloyd's Bank, Limited.

CORRESPONDENTE

in ali principal sition of the World,

Jarly Exchange and banding business o every description inerted,

Sale Depot Bora (variosa stand as a guarly real tren 14 w 445,

LOOK POONG SHAN,

Chief Manager,

THE BANK OF EAST ASIA, LTD.

Hand Offen: Hong Kong. No. 12, Des Voeur Road Central Established: 1018

Authorised Capital Faid-up Capital Reserve and Undivided

Prosta

CANADIAN RUBBER MANUFACTURES. Growing Volume Of Exports.

DISTRIBUTED ALL OVER THE WORLD

year increase,

Ottawa, Canada. The export of rubber goods from Canada in August of this showed an encouraging the total for the month being $564,-| 986 compared with $709,139 in July and $083,884 in August 1982.

The largest item in August's ex- part under the category of rubber goods was pneumatic tyre casings which numbered 47,590 valued at $331,151, representing a substan. $10,000,000.00

tial advance in both volume and 5,598,600,00

value. These automobile tyre can. to countries 1.312,000.00 ings were shipped

BOARD OF DIRECTORS:--

Bir houson Chow, Chairzamn.

Li Koon Chun, Esq.

P. K. Kwak, Esq. Wong Yun Tong, Esq.

Chan Ching Shek, Eag.

Li Lan Bang, Esq. Pun Hin Cho, Esq. Wong Chu Son, Esq. " Kan Ting Po, Esq.

Kan Tong Po, Esq., Chief Manager. Li The Foor, Esq, Manager.

Correspondents in all principal citim

Deposit will be at 20% p.a. on daily balance and the rate for balance over of the World. $10,000 will be quoted on application.

aximum rate~14%).

LONDON BANKERS,

Barclays Back, La.. Kloyd Book, Lid Midland Back, Lid.. Wonminster Book, Loc.

The Bank has Unrespondents in all the_grimcipal Souwer throughout the world. L NAGURA

Da Vas Bend Curteak,

Hang Long Bober 1, 2001.

THE TOKOHAMA SPECIE BANK,

LIMITED.

Established 1839.

Capital (fully pat-op) Yen100,000,000 Beserve Fund

Y.121,250,000

Hood Odice:-TOKOBAMA.

Brunsban and Agencias at: Alexandria Batavia Berlin Bombay Calcutta

Nagasaki Nagora Newchwang New York

Osaka

(Dalny) Peugten (Wubden) Bazgoos

Rio de Janeiro

Every description of Banking and Exchange business transacted." Loans granted on approved securities.

wall Boxes To Let

KAN TONG PO,

Chief ManaEWE.

THE

AMERICAN EXPRESS COMPANY,

FF

Hamburg

Herbin

Honolulu Halaking Karachi

Kobe London Los Angular

Manila

Moji

Hong Kong 1

San Francisco Beattle

Semarang

Shangha Bingapore Bourabaya

Tuntitan

Tokys

Zalagtas

INC.

Head Offer:-65, Broadway. Ney Turk.

‚U.S.$8,000,000,00 US$1,867,089.17 .U.8.$1,718,979.87

BRANCHES you

Baner

Mexico City

Capital Barplus Eeserves

Amber Am

AMA

Harm Huldalberg

Felping

Same

Liverpool

Longine

Lear

عليمة

Chincte Conser

Пени

Dublin

- Mornin

» Monikamykan

Taormina

Tullama

Branches of Amarless Exprser Com

Daxy in Principal cities of United

States of Amerios and Canada.

مسون

All classes of Commercial Banking:

Transactions' modartakan,

in all parts of the world, the chief purchasers being: Netherlands $45,041; British South Africa $44,- | 480; Brazil $36,897; Spain $24,926; British Indin $22,924; New Zealand

$20,916; Great Britain $16,071 and

Venezucia $11.620.

quired for at $4.15.

were en- The mining

section was somewhat quiet, though

Ringer De Luxe

Vyrl D. Jackson, of Kellerton, Iowa. world's horse shoe pitching chem pion of 1830. takes 80 out of 100 Fingers while blindfolded during practice session. He is competing in the international content at the Century of Progress Exposition fo Chicago.

COLONY'S TRADE DECLINE

Fall In Imports Not So Marked.

SATURDAY, NOVEMBER 18, 1933. HOW S. AFRICA

WILL TACKLE UNEMPLOYMENT

NEW ADVERTISEMENTS.

Work Must Be Found For White Men.

GOVERNMENT EXPLAINS

а

POLICY

NOTICE.

.R

TT IS HEREBY NOTIFIED that the CAPE D'AGUILAR PATH from Windy Gap to Cape D'Aguilar in CLOSED to mator traffic until further notice.

E. D. C. WOLFE, Inspector General of Police. Hong Kong, 17th November, 1933.

Pretoria, In comprehensive state- Iment, issued by the Minister of Labour (Mr. A. P. J. Fourie) the Government tells the public what it is doing to deal with the unemployment position, and claims that it is doing all that it can be expected to undertake. It calls upon private employersHE FIRST PRACTICE DANCE and local authorities to do their

ST. ANDREW'S BALL

will be held in the Peninsula share in helping the Govern-Hotel on TUESDAY, 21st inst. 5.30 ment to relieve distress.

p.m. to 7 p.m. Teas will be served Emphasising that the funda in the Roof Garden from 5 p.m. mental cause of the South Afri-Members who have not yet returned can unemployment problem is their subscription lists are request- the competition from natives in led to do so as soon as possible to the unskilled labour market, the Government

reproaches em-

ployers for failing to adopt and maintain a proper distribution of European and native labour.

In this regard the Govern ment warns industries that if

E. M. BRYDEN, Joint Hon. Secretary, c/o Mesara. Lowe, Bingham & Matthews.

Hong Kong 17th November, 1933,

they desire to continue to en-THE HONG KONG JOCKEY CLUB joy the benefits of its protec- tionist policy, the Government requires a decided improve-

NOTICE.

By Order of the Stewards, C. B. BROWN,

-Secretary.

ment in the direction of the THE NOVEMBER HALF YEAR- employment of white workers.TEL GENERAL MEETING The statement emphasises or VOTING MEMBERS will be that the Government at present held at the Club House, Happy is subsidising the employment of Valley, on TUESDAY, 28th Novem- OCTOBER EXPORTS DROP

lover 36,000 workers, in addition ber, 1983, at 5.30 p.m. Ito BY 13.4 PER CENT

which, under its civilised

All members are cordially invited labour policy, it is employing to attend, and participate in any The Statistical Office of the Im-approximately 25,000 European discussion which may enave, Antamoks were put through at ports and Exports Department re-men as distinct from natives. 79/80c. and Big Wedge at 28/30c.ports that Imports of merchandise The Government's Proposals. The tendency of the market at the into the Colony during the month close is rather weak amongst in- of October, 1938, amounted to a de- $42.4 millions of vestment issues but steady with theclared value minor issues.

(£3.0 millions), as compared with $49.9 millions (£3.3 millions) in the

1 By endeavouring to keep corresponding period of 1932; re- presenting a decrease in terms of on the land people who belong Hong Kong currency of 15 per cent. to the land.

2. By replacing on the land Exports of merchandise were de-

to a total value of $34.3 those who have become disppos- clared

com-sessed, and who show an apti- millions (2.4 millions), as pared with $39.6 millions (£2.6 tude for the land. millions): a decrease of 13.4 per 3. By placing in local and re- gular employment those who are

Business Done During the Week:

Hong Kong Banks, $1,825. Union Insurances, $580/685. China Underwriters, $1.65/75, Antamoks, 79/80 eta.

Big Wedge, 29/30 eta. Rauba, $13.30.

Wharves, $117/1181⁄2. Providents (old), $2.50/00. Ewos, S$13.00/13.05.

Hong Kong Hotels, $6.00/6.15. Tramways, $21.25.

Star Ferries, $90.50.

- Yaumati Ferries, $25.

China Lights (old), $9.00/9.GO. Electrics, $73/74.50.′′

H. K. Telephones, $30/30.50. Hong Kong Ropes, $6. Dairy Farms, $28.25. Lane, Crawfords. $4.30.

Icent.

A

|BUNG:-

A

The lines along which the Government is dealing with the question may be summarised as follows:-

Hong Kong 18th November, 1993.

OF THE COMPANIES ORDINANCE 1911

IN

THE MATTER

and

IN THE MATTER OF THE MONKGLAND (Registered) WINE CO., LTD. (In Liquidation)

》URSUANT 10 Section 188 of the

Extra-

For the first ten months of 1985, suitable for such employment. Imports totalled $423.5 millions. By absorbing others on notice is hereby given that the Final (£28.6 millions), as compared with works of a national character. Meeting of Members will be held at $527.7 millions (34.7 millions) in 5. By continuing to extend its the offices of Messrs. Percy Smith, the corresponding period of 1932; [civilised labour policy in the Seth & Fleming, No. 6 Des Vœux Road Central, (4th floor) on MON- decrease in dollar values of national services and railways. 19.7 per cent., while Exports were

secondary DAY, the 18th day of December, 6. By insisting on valued at $341.4 millions (£23.0 industry giving every possible 1933 at 11.30 a.m. for the pur- millions), as compared with $891.8 opportunity to the youth of this pose of receiving an account showing millions (£25.8 millione), de country, by urging the necessity the manner in which the winding jcrease of 129 per cent

civilised up has been conducted and the pro- for the adoption of a The following table shows com-labour policy by all employers, perty of the Company disposed of. The official summary of the parative #gures of Imports and Ex- and by regulating the distribu-and of hearing any explanations that as regards may be given by the Liquidator, and Hong Kong Stock Exchange lasued ports of merchandise and treation of labour both

of determining by yesterday at 3.15 p.m.

European and native, and as re-also gards urban and rural require-ordinary Resolution the manner in ments.

which the books, accounts and docu- 1833

1932

The Position of the Natives. ments of the Company and of the $42,443,758 $49,872,356) $ 6,111,028 $5,657,637

The Government emphasises Liquidator thereof shall be disposed. $47,554,788 $55,520,993 that there is no injustice con-

Dated the 18th day of November, EXPORTS October

templated towards the native, 1933.

DONALD BLACK, who, as a citizen of the Union, is] $13,117,627 $12,714,137 entitled to suitable employment! $47,457,300 $62,361,118 as much as the European. It is

contended, however, that with IN THE

supply of European workers and natives there should be no neces- sity to import 50,000 natives for the mines,

Merchandise Treasure

Total

Rates generally suffered a fur- Exports of canvas shoes with ther decline in the past week, due rubber soles during August totall-chiefly to the suspension of some (Continued at foot of next Column.) Chinese Banks which brought on ■ certain amount of liquidation. As a matter of fact, such liquidation had commenced some time previous to the suspension, hence the recent Merchandise weakness of the market. At the Treasure moment, the opinion prevails that liquidation from this source practically over.

THE MERCANTILE BANK OF INDIA, LTD. HEAD OFFICE 1

18, Örsenokarch Forest, London, 2.05. Authorised Capital.3,000,000 Subscribed Capital ... 1.800.000 Paid-up Capita!

1,050,000 Reserve Fund & Rest 1,246,785 BACKRA The Bank of England á Miðland Bank, Lád. BRA NOELUM 1pok Bangkok Bachar

Randy Caloriin

Xarald Kole Phar Colombe

Kools Képla Galle

Kong Kong Приток

New York Penang

Pork Zodle

(kateri kom) Rang

Ivanlar (Falong Bla Mali

Bingson

HONG KONG BRANOB. Every dancription of Darking and Szobange for!- Dana Kamnariek.

Trevallars Choques lemed.

Trustee and Executorshipa under- taken.

INTEREST allowed 'en. Durevah kosounia usł Pixel Deporte në Xxion that may be neðarinized om application.

J. B. ROBB,

Manager.

1. Quem's Band Central,

Hong Kong, 2nd May, 1933.

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, under

special" charter, of The National Gov-

ernment as an,

INTERNATIONAL EXCHANGE

BET BANK

Subscribed Capital

Pald-Up Capital Reserve Funds

..

-$25,000,000.00

Total

is

In the course of the week, pres sure on Wharver and Electrics forced these down to $117 and $79, respectively, Closing steady,

1

tone quiet but fairly

Hong Kong Banks $1826 Union Insurances $585, $580 Underwriters $165

Wharves $118, $118, $117 Providents (Old) $2.80, $24 Hotels $64, $8.15, $8 Tramways: $214

Star Ferries $091⁄2 Yaumati Ferries $25

China Lights (Old) $9.60, $9 Electrics $74, $74, $73- Telephones $80, 380, $304, $80 Ropes $8

Dairy Farms #28

Lane, Crawfords $4.30 Constructions (Old) $2 Constructions: (New) 60 cts. Antamoks 86 cta., 79 cta., 80 cts, Big Wedge 29 cts. 82 cta. Ewo Cottons Sh. $13, 8h. $13.05 Singapore Tractions 8/ Changes (8.16 p.m.) Closing Qua-

$24,710,200.00❘tations. ..8:8,820,505.82

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

4 Queen's Bond Central

Owing to our numerous branches in

BUYERS Hong Kong Banks $1820 Hotels $6.05

SELLERS

Tramwaya $20%

BALES

IMPORTS

October

1932 1933 $34,339,860 $39,630,981

Liquidator.

MATTER OF

THE

and

HONG KONG TRADE proper distribution of the Union's COMPANIES ORDINANCE 1911

COMMISSIONER.

Local Office Now Established.

This reference to the natives. however, has not convinced some

IN THE MATTER OF BROWN'S LIMITED (In Liquidation)

URSUANT to

MR. PELHAM TO BROADCAST Sections that the extension of Part 10 Section 188 of the

ON TUESDAY. EVENING

4th

the civilised labour policy will notice is hereby given that the Final not result in increasing distress Meeting of Members will be held at the offices of Messrs. Percy: Smith, The office of H.M. Trade Commis-among the natives. sioner for Hong Kong and Com-The Johannesburg Joint Coun- Seth & Fleming, No. 6 Des Vœux mercial Secretary for South China cil of Europeans and Natives has Road Central, (4th floor), on MON- floor, issued a statement expressing DAY, the 18th day of December, is established on the

the opinion that that the Gov-1938 at 12 o'clock noon for the pur- Asiatic Building, Queen's Road,

Mr. G. C. Pelham, the Trade Com-ernment's policy, as enumerated pose of receiving an account showing by the Minister of Labour, is the manner in which the winding missioner, will broadcast from

welfare of the country." It dis-perty of the Company disposed of, Z.B.W. on Tuesday next at about "fraught with danger to the up has been conducted and the pro Mr. Pelham has been appointed putes the Minister of Labour's and of hearing any explanations that mainly for the purpose of assisting statement that the crux of the may be given by the Liquidator, and and encouraging trade relationships unemployment problem lies in also of determining by Extra- between Chins and the United applying a ratio of European and ordinary Resolution the manner in siders that the crux lies rather ments of the Company and of the Kingdom and will be pleased to native labour. The Council con-which the books, accounts and docu- "in the right and full use of all Liquidator thereof shall be disposed. Datod the 18th day of November, human and the country's " material resources." This it ex-1938,

DONALD BLACK, plains means.

9 pm

meet all business" men, and others interested.

POPPY DAY FUND,

Further Contributions.

"(1) The use of every worker, white or black, according to his capacity.

Liquidator.

Times anticipates that before (2). The development of the the end of the current year more

internal market for our

than 2,600 additional "white" own products."

İminers will have been given om¬ The Joint Council, on behalf of

ployment: as compared with the the native, asks employers of number employed before the labour to think twice before Union left the gold standard last responding to the Minister of December. Already the employ $13,406.00 Labourer's appeal to dispense ment figure has risen by 1.500

Further contributions will be gratefully received by Mr. F. G. Maunder, Secretary to Earl Haig's Fund, York Building, Hong Kong.

Cheques should be made payable to Thomson & Co., and crossed "Poppy Day Fund." Campany offers be fubanding clients special facilities for dompetleed in value, $111,689, the chief Previously Acknowledged

salon being 124,802 pairs' valued St. Joseph's Church.

Personal investment Mocowata 'China and large connections in the im

handled.

* and Letters of Gredit and,

portant commercial centres of the world, we are able to stand to our

Electrics $78 Baubs $18.60

Jars: the un of its "Travelers and foreign banking, and EUR BURT to Argentina: 48,325|St. Margaret's Church,

We also handia the taper Chadewide surgias and other Pablla" Wanda" of Ha

squipped Travel De-ess Government both at home and pairs at $24.474 to the United King- Happy Valley

dom worth $7,301 to British South Sundry. Street, Balex Africa and 7,215 pain to New Zoa-} Hand-Beaters Canadian: Service,”;

·DUOGAN,

abroad.

CHEN BHOUS

Mary Manager.

Hong Kong, 5th March, 1991..

Total

60.10|with native labour.

Europeans. In addition this Employment Increasing. anticipated that the number of 20.28 In the meantime there in natives working underground 23.00 steady increase in employment will have risen from 20,000 to given by the gold mines of the 25.000 by next December-Beu-

The $13,496.85 Witwatersrand.

Sunday

ter.

J

b