1937-01-30 — Page 7

Authorised Capital

BANKS

CHARTERED BAIK OF AUSTRALIA CHINA

50,000,000)

Listed and Fully-Paid-up 20,000,000) Beserve Funda

Sterling........£6,500,000

Hong Kong Currency

Riserve ......$10,000,000 Erserve Liability of Pro-

prietars

prietors .$20,000,000

READ OFFICE: UONG KONG,

BOARD OF DIRECTORS, Hon. Mr. J. J. Paterson. Chairman.

G. Miskin Esq., Deputy ChairmJA.

A. H. Compton, Esq..

Hon. Mr. S. H. Dodwell,

M. T. Johnson, Esq., J. R. Masson, Esg.

K. S. Morrison, Esq., T. E. Peares, Esq., A. L. Shields, Eaq-

V. M. Grayburn, Esq.

Chial Manager.

AMOY BUKOK BATAVIA BUNDAY

CALCETTA

ANTON CHEFOO

COLOMBO

BRANCHES:-

LONDON

LIONS MALACCA

MANILA

MUAK (Jedora)

MUKDEN

NEW YORK

PEIPINO

PENANG

BAKIN

Aloe Bar And

HEAD OFFICE: LONDON

Paid-up Capital Beserve Fund

Reserve Liability of Pro-

.£3,000,000 .£3,000,000

.£3,000,000!

Agencies and Branches:

Kaagkak Balaria BamART

Vorla 1pol Kanchi

Kom hatu

bamaraş

Esbe

Serba Shaoghai

Valeutia

Kuala Lumpur

Lanted

Kaching

Campore

Madena

Cebu

Manila

Tapize

Colombo

-Modan

Twotain

Deli

New York

Tengah

Haiphon

Praia

Bank

Hamburg

Paking

Tragis

Hata

Frasat

Yokohama

Hris Hoog

Zamboangs

الادمان

Farsign Exchange and insural Banking business trained.

Current Account epezad and find Deposita

and ADVERTISEMENTS

ommerce

Finance.

CHINESE POST OFFICE

BUDGET BALANCED

REFORMS AND VIGOROUS POLICY OF EXTENSION

NOTICE

Chinese New Years Fair.

LOUCESTER ROAD, between

G Fenwick Street and Flemin

Road, will be closed to Vesicula Trafic from February 1st February 10th inclusive.

T. H. KING. Inspector General of Police. Hong Kong, 30th Jan., 1937.

After being run at a huge deßeit during the two previous years, radical reforms and a vigorous policy of extension were pushed in the year 1934-1935, states the annual report of the Chinese Post office, with the result that postal business resumed. a normal course and the Service was able to balance its Budget.. HONG KONG-SHANGHAI

The year covered by this Re-when the postal monopoly on lat-

To cope with the new situation,;

RADIO TELEPHONE SERVICE.

ADIO telephone service to

received for use sear or shorter periods atrast port. ie, the twenty-third fiscal ter transit came into effect. R Shanghai will be available

| ràich will be quoted on application.

The Bank's Head Ofice is London undertake year, opened with the convocation

enovary of Betula Lacome Tax varpai, ca |Agencɔm and Braches.

DAIREN FUOCHOW

A. BREAKLEY,

Hong Kong, 1st January, 1935.

BANOOON

HAMELEO

SAN FRANCISCO

HANKOW

SHANGHAI

WARNIN

SINGAPORE

KOL BABAYA

SCSGEL PATANI

TIENTHIN

HONGKET

ILOILO

Fru

JUNORD

KOLA

KOWLOON

KUALA LUMPUR

TUXYO

SENOTAO

YOKOHAMA

Current Acousta opened in Lonal Carrsary sad Pieve Deposita essalted for ens pour or shocker | periods in Lace Cursany and bhirling on boems which will be quoted an appliesin.

Kino

RATE BEPOSIT BOXXX ↳ VEZION siken TO LET.

Hong Kong, 24th February, 1934.

LIMITED

(Incorporated in China) Head Offen-Shanghal

Capital Reserve

Chins.

.$7,500,000.00 $1,500,000.00 Branches-All Important Cities

Foreign Esnkasgy and Ouneral Busting Bunisser HONG KONG SAYINGS BANKita seared for a year or aborar periods

The Bains of the above Bank is smunde

by the HONG KONG AND SHANGRAI BANK 1G CORPORATION. Bu may be elinized MA poikaziom

SO THE RONG LOXO AND SHANGHAI SANKING CORPORATION.

V. M. ORAYBURN,

Chial Manager.

transcand

Curruss sad Bæring Ärevuste opened and Fixed

fat reson, which will be quoted in applimkien.

NOU Z. CHANG.

HONG KONG BRANCH:" 11, Queen's Road, Central. Manager's Lice

Foreign Exchange Dept.

Oval Offer

To

Greater Shangha

$7.50

$9.00

--To

International

Settlement.

$3.00

$9.50

Subscribers must be registered)

Further details on application

HONG KONG TELEPHONE|

COMPANY, LIMITED.

WORLD

EMPEX EMPRESS

Empress of Jo Honolulu and Em the direct express Air Conditioned Trans-Cpatients

COOL

Alr is cleane

FIC

TRAVEL

EMPRESS E CANAD EMPRESS FRISSE,

ervice to “Vancouver' impress of Canada sal! via” and Empress of Russia, via

fen und observation cara um

COMFORTABLE

constantly freshened, and

kept at a unif

EN

SAILS F

A & HONOLULU

SS OF JAPAN

COUVER via SHANGHAI - JAPAN

AT NOON

TU

Y,

FEBRUARY 23rd.

For

To Your Own Agent Or

Canadian Pacific

SPANS THE WORLD.

Tel. 20752

Executor and Trustee business, and by the Ministry of Communica suitable changes were made both to subscribers on the Hong Kong Lama vikich may be acusada aytions of a National Postal Con- in the interior and at commercial Telephone Co.'s system

ference, when the chief Postal of centres, the object being to pre-7 a.m. on the 1st February 1937.

any possible inconvenience) Acials of the entire country as-clude

The service will be opened dally Manager, sembled to exchange views and to the public after the closing of between the hours of 7 n. and

consider measures for the general these hongs. For instance: in in p.m. improvement and greater efficiency land places, new Agencies and!

The rates for 3 minute calls are las follows:--- of the whole service on lines that Rural Box Offices were opened, would meet the most urgent re-rural courier lines extended, and. THE CHINA & SOUTH SEA BANK, quirements in all Districts. As a special carriers engaged to de-

result of their deliberations, many liver mail matter for out-of-the- Station to Station resolutons aiming at reform and way places free of charge; in com-

Personal Call development were adopted: some mercial cartres, additional letter- of them have already been put into boxes and pillar-boxes were plant- operation, while others are in the jed, deliveries increased, and mail

carried into effect. cause of being, or will duly be, laccepting hours prolonged.

Station to Station Statistien And Coets A welcome]

Postal business is naturally di-Personal Calls achievement that may be specially

Urgent calls will be charged Imentioned here was the winding vided into several categories. The

up of the Minhain-chu business, carriage of letters and postcards double rates. which, coupled with the great pro-is a monopoly, but in the transiti Rress achieved by various proof the remaining classes of mail for Trunk Service. vinces in respect of highway con-matter, as with parcels, the Post Istruction schemes. produced Office is in competition with other to the Company's Office.

marked increase in activity. The carriers. There are also transac- following is a resume of the more tions sale of revenue stamps. important work done during the for instance-where the Post, Office acts in the capacity of ani agent. It is obviously necessary) Extension Of Operations While it is the usual practice to know where deficits are caused! that the postal facilities extended or profits gained, and thus to de to any place are based solely on cide on tariff amendments. A re-: Authorised Capital $10,000,000 the particular requirements of thevised procedure for taking statis- local public, the time has arrived tics has, accordingly, been intro- when special g

on has to duced; and the cost accounting! Foreign Exchange and every des he given hug provinces method, is operation in all modern Escription of banking business transact-į

Laned.

where, despite the fact that the Postal administrations, adopted so Current Accounts and Savings Ac- need for postal extension may not as to obtain reliable criteria count opened. Fixed Deposits re- be seriously felt, owing, it may be, which to base necessary reforms. ceived at rates which will be quoted to unfavourable geographical loca- Aviation Enterprise on appileation.

tion or to vast and undeveloped

im-! Aviation enterprise has Trusteeship & Executorship under-areas with sparse population, it taken. Safe Deposit Boxes for hire. devolves upon the Post Office to defence, industry, and culture. portant bearings upon national PHILIP GOCKCHIN,

The position of the Chinese Na-Jeae National Railwaya. `- make every possible endeavour to Chief Manager.

The number of tons of goods Thirdly, with the thawing of the provide mail connexions; otherwise Since civil aviation in China has tional Railways, owing to stable

the carried by the National Railways frozen credits through the resump- the time may be far distant when not yet been fully developed, the political conditions, has on

Post Office has made a

large whole considerably improved dur- from 1930 to 1935 are as follows:tion of payment of the various loan one can hope to see postal activity annual appropriation by way of Ing the past few years, states the

No. of Tons services and the inflow of foreign AMERICAN EXPRESS COMPANY ĝin a thriving state. With this in

financial assistance. It may be "Quarterly Review of the Chinese

capital, currency eirgations is 20,594.632 INC.

view, the particular conditions of remarked here that airmail figures Railways," giving interesting sta-

25,698,528 each frontier District were care continue to show yearly progress. tistics.

26,064,556 fully surveyed. and programmes

27,076,041

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.,

Authorised Cxpital

Friday taposi

€10,000,000.00

--- $ £,598,400.00 Kami and Lodded Prasts 2,646,315.32

HEAD OFFICE:-BUNU EUNG.

BOARD OF DIRASTORE. —

10, Des Vous Boad, Casiral.

#24.

Cu

Lage F. & Evok. Esq.,

Sur hou-soo Chow, Charnis;

and

Top

Ting

Cha Ching Back 2oq. Bag, Ey Woos thu son, Eig. sad Kan F2. Eaq.

Kan Tung Fu, Esq., cikia! Vanagar.

I'm Your, Esq., Manager.

BRANCHES AND AGENCIES.-

هنته إلا

ingapore Suursbes SWALDW

Amer

Batavi

Jelbourne

Bemariag

Bombay

Nagsaki

shenghar

Calcul

New York

Ligos

Viks

Huphong Zinchem Hozajula

ab ADELOOD Luudes

Pira

Pati

PRALO

Tidak

Rac goos

Tunsin

Гойда

* Fraumen

رفته ر

VEDOUTEZ Yokohama

Every desenption of Banking and Exeknaga Bandana transactad. Lonza grassed, en' approved Bounties.

Current Acuza opened is Local Curren od Fised Deposita receited for cos year ne shorter periods in Local and. Forsign Currencies sa terms which will be quoted on "eppilastion.

anti Deposit Bons To Let

Cashier's Uda

***

THE WING ON BANK, LTD.

Head Office: Hong Kong

26, Des Voeux Road, Central

LONDON BANKERB:— Westminster Bank, Ltd.

THE

Lowpared with Limited Liability in Chăn

Head Office: 45, Broadway, New York

Chiat Mazagur

Capital Burplas Beserves

LAN TOKO To,

ALLEG Athana

مامية

Barlin

سات

year-

on

IMPROVEMENT IN CHINESE

RAIL SYSTEM

Stable Politics

Felt

INTRODUCTION OF

NEW IDEAS

ed.

lation of the country.

Good Traffe··

Favourable - reaction-is expected- In addition to the system of tran-as a result of these settlements:--- sportation of goods at railway risk, First, by setting aside regularly another innovation was introduced a portion of the railway's gross by the issuance of hills of lading, earnings for the payment of loan

to facilitate hypothecat on and service self-imposed obligation in transfer of rights to the goods created for strict economy of ex-** transported These as well as the penditures, which is badly needed service of C.O.D. good which on many a railway to-day: means the payment of cose an de Secondly by the resumption o livery, have brought about a new loan service payments, railway significance in the relationship credit it revived, and an induesi. EE, reilumns and the

pers. This is reflected in part in of foreign capital for the further the increase of revenue of the Chin-development of China's milways;

and

Year

1930

1931

1932

1933

1934

1835

29,925,277

32,780,148

The decrease in revenue due to

quickened, and the latching of fresh enterprises made possible for the benefit of all.

GERMAN ON CHINA RAILWAYS

The previous year's efforts in The total number of passengers set in motion to reorganise or expursuing the policy of retrench carried on the Chinese National pand existing services and. in ment in finances were not relaxed, Railways during 1985 was over U.S.$6,000,000.00 places where no Postal establish and rigid economy continued to be 45.000.000 as compared 39,000,000

2,240,344.38ments existed, to open new Agen- the watchword. This coupled in 1925-and increase of approxi- the loss of the section of the Pel

897,612.65 cies, mail lines, or Box Offices, in with the improvements and

he hope that, with the aid of these tensions made in nearly every following shows the total number Shanhaikwan as a result of the Dr. Radenacher's Talk

exmately 6,000,000 or 15%. The ping-Liaoning Railway. East of facilities, all frontier Districts branch of postal business has re-carried during the period 1930 to "Mukden Incident" was made sip might develop culturally and com-sulted in a steady advance in 1935:- mercially.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

Reserve Fund....

..Yen.130,900,000

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Maji Nagasaki

Bombey Brusel Cairo Caituita Седат Calambe

Copenhagen Dublin Edinburgh Morace

Ganne

The Hague ΚΑΤΕΣ Hamburg Blaze Undelberg Interlaken

Londos Liverpool La carne 1430

Later Marselies Monte Carlo

Penul Paria

Puipag Botterdam Bame Bhanghai

Beuthampton

Singapore TiLLin Vienna

Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

Manila

aics ولا

Yokohama Zurich

New Public Facilities

by the gains of other lines, notably No. of Passengers the Tientsin-Pukow, Peiping-Han-

40,878,273

44,485,680

42,823,569

kow, Nanking-Shanghai, Shanghai-

In Berlin

Berlin. To-day."

A large audience gathered at

Hangchow-Ningpo. Pelping Sut the Harnack House bere-last night yuan and the Kiso-Tsi Railway to hear Dr. Radenscher, a mem Revenues from goods traffe for: the period 1930 to 1935 are:

Goods Revenue Year

BRANCHES >—

Hilan Nice

Na plan

Nagoya

New York

Osaka

Otart

Paris

revenue receipts. But, owing to the falling-off in the surplus of (a) The programme of housing the Postal Remittances and Sav. Pust and Telegraph Offices in the

þings Bank business in consequence; same buildings was completed over of the general depression, as well most of the country, the exceptions!

as the increased subaidies paid to being only a few places where cer- the aviation enterprise, the year! tain special circumstances delay closed with a

45.649,151 deficit of several i ed the realisation of this scheme, hundred thousand dollars.

The amounts of passenger (b.) For the benefit of inland

venue for 1930 to 1935 inclusive Situation And Star

are as follows:— Branches of American Express places where civilisation is back-

Year Turning to general conditions Company in Principal cities of United ward and business stagnant due to States of America and Canada.

inadequate means of communica-in the country, it is gratifying to tion, new arrangements were in-mention that the year witnessed All classes of Commercial Bankingtroduced whereby every Post Of-great improvements, such an

the Transactions undertaken.

fice could purchase books, papers, completion of many. additional Person investment accounts hand-and other periodicals for the pub-highways, which facilitated com led.

lic, and every Money Order Office munication and commerce:

of banditry accept and deliver C.O.D. parcels. eradication

Year

1930

1931

1932

1933

45,857,060

1934

44,953,701

1935

re- 1930

1931

1932

Passenger Revenue

1933

1930

.$48,539,788.

1934

1931

61,523,194

1935

1932

1933

1934

the

1935

from

Dairen (Dainy) Peiping

Fangtien (Mukden) Rangoon

Rio de Janeiro

Hamburg

Harkow

Harbin

Honolulu

forz Konk

Huinking

Karachi

Koba

London

Manila

San Francisco

Seattle

Semarang

Shanghai.

Singapore

Squirabaya

Sydney. Tientsin Tokyo Tsingtax Yingkow Interest allowed for Current As- counts.

Los Angeles

Deposits received for fixed periods at rates to be obtained on applica tious.

Y. KANO,

Manager.

Hong Kong, 13th November, 1936.

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up Reserves Capital Bay. Reserve

Munich

Montreux

... 48.216,829

52,855,043, 52,782,195 53,292,762

"Mukden Incident" The decline in passenger revenue!

$51,824,786

79,819,885

76,626,072

77,208,986

86,083,267

98,336,765

Credit Rebabilitation - When the Ministry of Railway e was established in 1923 endeavors were made to revive the crent of the Chinese National Rways

The Company offers to intendiar The former step was taken with a Kiangsi, whereby it was possible Travallers the use of its "Travellers view to fostering cultural develop- to start all kinds of reconstruc- during, the years 1962, 1933 and which had greatly suffered on sc

Cheques" and Letters of Credit and,

Department

E W. DUGGAN,

Manager

"

ber of the German commission furo. study of conditions in China, ex pound bis views on the future of Chinese transport.

The speaker dealt mainly with, the problems of development of China's railwayz.::-

Among those prevent was the Chinese Ambassador to Berlin, [Trans-Ocean..

HUMPHREYS ESTÁTE AND

FINANCE COM LA

The report of Humphreye Estate

In addition, the world-wide services ment in inland places, and the lat tive work in that province; exten: 1934 is principally due to the loss count of financial. embarrments aws that the net Front for the of its thoroughly equipped Travelter in the hope that it might be of sion of the Lung-hat Railway to of that section of the Peiping- resulting from years of vil wars year ended 31st. December

some help to trade in general Changan (Sian); and the resump Liaoning: Ralway East of Shan- and political disturban affect after deducting Directors

(c) Negotiations were entered tion of traffic on the Suiyuan-haikwan as a result of the fuking the country. Bnue to the oral Manager, reminera into with the Customs for the Sinkiang motor-bus line, all these den Incident of September 18th, limited resources at disposal include pas abolition of Customs Interport being measures conducive to the 1931.

very little was accomplitised except (ward, and Duty on postal parcels, and at the development of the Postal Ser

The most important source of capital improvements which were from Gandhapu same time not only was the-pro-vice. However, adverse conditions

passenger revenue is the 3rd. class urgently necessary to maintain the $241,288.74, which the cedure of posting simplified, but were not lacking. the burden on parcel senders was The bandit activities raging in traffic. The revenue from this earning power of the railways. In win recommend, at greatly reduced.

Szechwan, Kweichow, and North source during 1933 as $36,960, 1932, steps were taken to adjusting Annual Meet 15., Gracechurch #irst, London, EC.3.

204.44 constituting 69.9% of the some of the loans whose services are be allocated £3,000,000 ations include the inauguration of In this connexion, much credit is

THE MERCANTILE BANK OF INDIA, LTD.

'FRAD OFFICE:

Authorised Capital

Subscribed Capital Paid-up Capital ..........

Reserve Fund & Rest.

DANKERS:

1,800,000

The Bank of England Midiand Bank, Ld

REANCHES:

Bangkok

Ipoh

Caleuita

Colombe

Tria Abaza

Kuala Lipis

nga Dept. $500,000.

"U

Bavish

.$5,000,000, *500.000.

vings Dept. $600,000.

4-Office-Shanghai

industrial development on ins and the fostering of her

commercial relations abrued-4/

Hong Kong Off C

5. Quem's Band Central-

New York Pondag Fort Louis

surtins) Balod

Singapo

(d) Other, additions and alter-Shensi affected postal oporations/total passenger revue. The re-/had fallen into arrears and to or

and mil vered loans and material deb 1.3% re- hear adjusted, as per Hans facili-ments made in the press class traf. to time.

à dividend of

1,050,000 a Small Packet Service and an Or-due to the employees working in venue from the 1st and 2nd. class der those railways concerned to on 200,000, bares $100,000.00 1,247,830 dinary Express Delivery Service, these panic-stricken: areas. In Passenger traffic was respectively set aside a certain percentage of Transfer to Typhoons.

the revision, of parcel tariffs, and spite of serious difficulties and 33% and 7.6% of the total. The their earnings as a special reserve the reorganisation of certain mail hardships, they remained at their rest was distributed as follows: fund to insure the regular pay lines. All these had to view the posts and managed to maintain 4th. class 6.2%, excursion passeng. ment of loan interest, if not the areater convenience of the public. postal work until there was no era 0.9%, privileged passengers principal, as well. Since the

Letter Monopoly... other course-open to them than to 0.5 Government civ Despite the establishment of the retreat with the local garrisons. tary traffic. 0.3% and National Postal Service in Chins, Ar-soon as the places were recap-spectively. Where 4th. the Hin-hain-cht in various pro tured, these employees hurried to ties were available, 3rd vinces contiuited to function. In their respective, posts to resume fic was slightly reda de Baking and Exp 1928, p National Communications their normal activitie Some, those who used to tra

Conference was convened, which however, were wounded or killed, were content to tr passed a resolution to the effect and others suffered the loss of on the whole passen that all Mihalachy should close Ferndal effects The energetic in respect of num down by the end of 1934 Batas and loyal manner in which they would tend to In [an act ofɔ=grace. time limit performed their duties is most this class was

1964 comm

Kuala Lumpur

Xacies (Pikang

Redzua

RONG KỰNG BRANCH.

Simle

LANEDI.

was extended

Pia parse of the mat

because These wettlement

class dumption of

but were general

tition of Inter