1937-03-15 — Page 17

THE CHINA MAIL, MARCH 15, 1937. RECORD IN SMALL

PASAVINGS

BANK RATE

SIGN THAT TRADE | FRANCE TO LOWER

IS GOOD

6,000,000 3d Bits Minted

is

Paris, Today. The Bank of France will low its discount rate in the course next week

Another indication of the nation's greater prosperity was provided last month by the official announcement that Post Office Savings Bank, de- posits at the end of 1936 reached the new record total of £432,000,000.-incidentally their official name at the

Nearly 6,000,000 threepenny pieces So states a report appearing in This represents an increase of no Royal Mint

the "Paris Soir.”. less than £42,000,000 last year, commuted in England annually.

"threepences”—are

The paper asserts that it has 4. Witla pared with the previous record in the exception of about 500,000 which not yet been decided whether the crease of $35,000,000 in 1935. Active accounts have increased by 300,000 remain in England, practically all go rate will be reduced by- one or by

to Scotland and Wales. during the year.

half per cent-Trans-Ocean. Distribution fructustes enormously, There were 27,000,000 deposits last year and about half that number of the demand of the banks falling away withdrawals, the total number in times of depression. When trade is transactions being 3,500,000 greater small coin are wanted for wages pur- flourishing large numbers of this than in 1935. Very small savings by stamps, and home safes were fully poses in both countries.

ness.

of

MANCHUKUO TRADE

represented in the increase of busi- Threepenny-pieces are saved up in

their hundreds by the recipients and] With exports totalling MY61,394,000 The Bank has to deal with and are released at holiday times. Shop and imports, MY59,328,000, “Manchu average of 130.000 transactions daily. keepers at seaside resorts, even so far kuo's foreign trade for February re- as the South sulted in a favourable balance of Pressure was at the peak during away from Scotland Jannary owing to the necessary com-

Coast, can always make a shrewd MY2,066,000. putation of interest and the greatly guess as to the nationality of a cus- Imports for the period gained by increased.. numbers of bank books tomer when they are paid with an about MY3,000,000 over January, al- received for. examination.

assortment of the smallest silver coins though exports lost by MY13,460,000. The most conspicuous development of the realm.

Both imports and exports, however, during the year was the introduction

Popular Half-Crowns

showed increases of MY8,280,000 and Railway booking desks are aware MY30,000,000, respectively. of the service under which telephone

over the that this is not the only fashion in corresponding period in 1936. subscribers who are depositors may pay

Those on the G.W.R. have their telephone accounts through the currency. Savings Bank.

carried out a census. which has led them to the conclusion that the most popular čoins in England are the six- pence and the shilling, though the half- crown is increasing in favour.

--

YORKSHIRE MILL PROSPERITY

In

Here again the numbers minted vary enormously from year to year. At a time when some of our great 1982 the half-crowns numbered 6,400,- industries are languishing, sad him- 090- but in, the following year Over dreds of factories are working half 8,100,000 were issued, and the number time, it is good news that Huddersfield of shillings increased from 6,600,000 has mills which are for ever working to nearly 11,000,000, and sixpences

They are

the Prospect, Quamby from 9,255,000 to 18,411,000. Clough, and Gledholt woollen mills, Not a single sovereign has been ten- and in good times and bad their wheel dered at a booking office of this rail- go round as thousands of miles of cloth way since Britain, went off the gold come out. When the mills round about standard, but on expresses from the have Closed down for want of orders, Midlands to London five and ten pound when other firms have been employing notes are frequently tendered by busi- workpeople for part time only, these ness people. mills have kept on, year in and year On trains from Plymouth dollar bills out

are occasionally met with Passengers There was an exception to the rule from Ireland rebooking at Fishguard last year.

One day the never-stop almost invariably pay with currency mills stopped for the first time in liv-notes of the Irish Free State, which ing memory; not because there was have the same face value of those for ho work to do, but to allow all the staff this country. to go to Blackpool to celebrate Sir Emmanuel Hoyle's 70th birthday.

There was good reason to celebrate sent or for South Africa to try to get it, for he alone had kept the wheels of an order for 500,000-yards of cloth. industry: turning for over half a cen- He has been travelling for his firm tury. While other firms have, waited since he was 16 visiting great cities, for orders for cloth, Sir Emmannel buying wool, and sending home, orders Hoyle has gone in search of them for cloth for amies, navies, police Still he goes round the world for forces, and railway and tramway-com- orders. There is hardly a country helpanies at the ends of the earth Hud- has not visited, and only recently he dersfield may well be proud of him.

THE

AMERICAN EXPRESS COMPANY

INC.

Incorporated with Limited Liability in U

USA.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

· Innorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund

Agencies and Branches:

failo

Ipoh

£3,000,000. £3,000,000

Reserve Liability of Pro-

prietors

$3,000,000

Alor Star

Rangoon

Amritsar

Saigon

Bangkok

Kazachi

Semarang

Bataria Bombay Calcutta Cantor Cavapors Cebo Colomba Delhi

Klang

Seremban

Fabe

Soangmai

Kuala Lumpur

Kuching

Hadre

Manila

Medan

Taspins Tentan

New York

Tangish

Haiphong

Paiping

(Bhuket)

(Paking) Penang

Zamboanga

Hamburg

Hour Loor

Singapore Sitiawan Sourabaya

Funign Exchange and General Banking business transected.

Current Accounta opened and Fized Deposita

roosived for one year or shorter periods at rates which will be quoted on application d

Che Bank's Head - Onos in London undertakes. Exxecutor

Trustee buxinesa, and recovery of British Income Tax orapsid, or terms which may be sacaciained at any of ita Agencies and Besuchos,

A. BREARLEY,

Manager. Hong Kong, 1st January, 1985.

THE BANK OF FAST ASIA, LTD.

Authorised Capital/

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised CapitalTM ..$50,000,000 Issued and Fully Paid-up.. 20,000,000 Reserve Funds:--

Sterling A£6,500,000

Hong Kong Currency"

- Reserve

$10,000,000

Reserve Liability of Pro-

prietors

$20,000,000

́ ́HEAD" OFFICE: HONG KONG.

BOARD OF DIRECTORS. G. Miskin, Esq.,

Chairman.

M. T. Johnson, Esq., Deputy Chairman.

J. Bousfield, Eng., X. S. Marison, Esq.. AH. Compton, Eng Hon Mr. J. 3. Paterson,

Hon. Mr. S. H. Dodwell, T. E Ponzos, Baq

J. B. Masson, Esq.. A. L. Shields, Esq.

V. M. Grayburn, Esq., Chief Manager.

AMOT

BANGKOK BATAVIA BOMBAY CALCUTTA CANTON CHEFOO COLOMBO DAIRER FOOCHOW

HAIPHONG

HAMBURG HANKOW BARBIN HONGKET ILOILO IPOH JOHORE KOBE

NOWLOON

BRANCHES:-

KUALA LUMPUR

LONDON LYONS MALACCA MANIZA MBAR Globare) MUNDEN

NEW-YORK FELPING PERANG RINGCON SAIGON SAN FRANCISCO

SHANGHAT

SINGAPORE SQURABALA

SUNGELPATANT TIRANTSEN

TOKYO

TSINGTAO

YOKOHAMA

Current Accounts opened in Local Currency and Fixed Deposita received" for one your or shorter periode in Local Currency and Sterling on tazma which will be, quoted on spplication.

ALSO up to data SAFE" DEPOSIT BOXES in Tations sizes TO TET

Hong Kong, 1st March, 1987.

HONG KONG SAVINGS BANK

The Business of the above."Bank is conducted by the HONG KONG, AND SHANGHAI BANK. *ING CORPORATION. Exles may be obtained on- application.

FOE THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief. Manager.

Hong Kong, 1st March, 2987.

THE YOKOHAMA SPECIE BANK -

LIMFFED

Established 18SQ

Capital (fully paid-up) Yen 100,000,000 Reserve Fund........... Yen 132,

Head Office: YOKOHAMA

Branches and Agencies -at Alexandria

Moji Bangkok Batāvis:

$10,000,000.00

- Berlin

Paid-up Capital

...$ 5,598,500.00 | Beserve and Undivided. Profite 2,685,895.

HEAD OFFICE-HONG KONG.

10, Des Voeux Road. Central.

BOARD OF DIRECTORS—

P. K. Kwok,

Chun

E4

Chan

Ching

B

Bombay Calcutta Canton

Dairen (Dainy)

Nagasaki Nagoya New York Osaka

Paris Peiping

Hon. Sir Shou-son Chow, Chairman; Lá Room Fengtien (Mukden) Rangoon

Pos Eng.

Hamburg

Wong Cham Eagand Kan Ying Hankow

Kan Tung Fo, Esq., Ciziet. Manager.

Li Tao Fong, «Esq.,rManager.

BRANCHES - ND AGE

Amay

Batavia Bombay

Calcutta

Canton

Hamkow

Rio de Janeiro

3A Harbin

San-Francisco Seattle

Hong Kong

Semarang

Honolulu

Shanghai

Hamking

Singapore

Karachi

Sourabaya

Kobe

Sydney

London

Tientsin

Manila

Tokyo

Los Angeles

Tsingtau

Yingkow

REICHSMARK TRAVELLERS

CHEQUES

ON SALE AT

ADVANTAGEOUS RATES

Office:

No. 4, Des Voeux Road

Central

Loodu

Every description. besxidees” transacted.

Gurrent » Anexarka and Fixed Deposita : shorter pecoils in a

Sale Deposit “Bone"

Interest allowed for Current Lo

posits received for fixed periods

st rates to be, obtained on applica

THE WING ON BANK, LTD.

Head Office:

SHANG

Central

hich will be quoted

ander. Bores for hire. HILIF-GOCKCHIN,/

Chist Manager.

Y. KANO,

Manage

10th March, 1937.

OMMERCIAL &

VINGS BANK LIMITED

ed in China)

285,000,000. -$7,500,000,

Dept. $500,000, $600,000.