1937-04-23 — Page 17

THE CHINA MAIL, APRIL 23, 1937. FIVE-YEAR PLAN

*Successful End to Soviet

Scheme

HUGE CLYDESIDE ORDERS

Clyde shipbuilders, who are now en- gaged on naval tonnage valued at £25,100,000, obtained new work valued The successful completion this year at £10,000,000 during March.

Contracts for 21 new vessels were of the Soviet Union's second five-year plan is forecast in a report issued in secured, the majority being for the The execution of the Ad- Moscow by the Central Executive Com-Admiralty, mittee and the Council of People's Com-miralty orders alone will ensure two It states that last year in-years' steady work for thousands of

Clyde workers.. dustrial output increased by 28.4 per The naval work includes three crui- cent. compared with 1935, instead of by the 23 per cent. planned.

missars.

sers, the machinery for a fourth, eight destroyers and various small craft. March is, therefore, the most notable month in post-war years in Clyde ship- building records.

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1888, HEAD OFFICE: LONDON Paid-up Capital Reserve Fund. Reserve Liability of Pr

prietors

Alor Star Amritsar Bangkok Batavia

Hollo Ipoh

Seremban

23,000,000. -$3,000,000

£9,000,000

Agencies and · Branch

Hangoda

Saigon

Karachi

Bamarang

Klang

Bombay

Bobs

Calcutta

Kuala Lumpur

Shanghai. Singapore

Canton

Kuching

Hitis

Cawnpore

Madras':

Sourabaya

Taiping

Modars

Tientsin

New York

Peiping

Tangkah

(Bhuket)

(Peking)

Trugtão

Penang

Yokohams“

Zamboanga

Heavy, light and local industries and the food industry exceeded the figures anticipated, and despite serious

The month was not, however, parti- droughts agriculture attained consider-cularly noteworthy for production. able successes. Trade turnover for the Eleven vessels were launched aggregat-Cebra year increased by 30 per cent.

nine ing 27,989 tons, compared with vessels of 34,130 tons in March last year.

a number of The report mentions "shortcomings in the development of the national economy" in the coal, oil and certain other industries.

A programme providing for 20 per cent. more industrial output than last year is outlined for, 1987. It provides for an output. of more than:

150,000,000 tons of coal, 32,000,000 tons of oil,'

16,000,000 tons of pig iron.

20,000 tons of steel,

220,000 motor-cars,

900,000 bicycles,

1,000,000 gramophones,

4,330,000,000

fabrics.

yards of

The total tonnage launched since the beginning of the year is 72,460, which is similar to the corresponding produc- tion figure for the first quarter of last year.

NO DELAY IN WAR OFFICE ORDERS

To prevent delay in obtaining sup- plies for the rearmament programme, the War Office, it is learned, is insist- ing more rigidly than ever on the en- forcement of the "time clause" for de-

Calambo Delhi Haiphong Hamburg Hankow

Harbin

Hon Long

Manila

Foreign Exchange and General Banking business transacted..

Current Accounts opened and Fixed Deposits received for one year or shorter periods - at "rates which will be quoted on application.

The Bank's Head Office in London undertakes

Trustee Executor and

business,

alaims und of British Income Tax overpaid, an recovery terms which may be ascertained at any of its Agencies and Branches.

R. W. ROBERTS,

Manager. Hong Kong, 1st January, 1985.

cotton liveries in contracts with manufactur- THE BANK OF EAST ASIA, LTD.

Big industrial extensions are plan- ned.

CANADIAN BUSINESS

GAINS

Substantial improvement in Canadian business continues, despite restrictive

ers.

Despite the great volume of orders which manufacturers have to fulfil, no

deliveries appreciable delay in

has occurred. In one or two cases manu- facturers who have had difficulty in obtaining raw materials have been granted an extension of the time for delivery.

The

Authorised Capital .$10,000,000.00

.$ 5,598,600.00 - Paid-up Capital . Reserve and Undivided

Profits

$ 2,776,726.76

HEAD OFFICE :-HONG KONG. 10, Des Voeux Road, Central.

BOARD OF DIRECTORS:-

S.S. "Shirala" will leave Chun, Esq., P. R. Broke

after-

legislation, an unbalanced government Amoy for Hong Kong this budget, and unfavourable weather con-noon and is due here to-morrow. ditions in the first half of the year, according to Standard Statistics Com- pany in a current survey of Canada..

Mineral production has continued to expand, outranking wheat as a major factor in Canadian

How- economy."

THE WING ON BANK, LTD.

Head Office: Hong Kong, 26, Des Voeux Road, Central. Authorised Capital. $10,000,000

LONDON BANKERS——~ Westminster Bank, Ltd. Foreign Exchange and every des- cription of banking, business transact-

ever, Canada's major source of income lies not in her domestic production, but in her tourist business, 95 per cent. of it from the United States, which brings more money into the country than the grain crops or the entire mineral out- put.

In 1935, Canada received $202, 314,000 from tourists, as against $129,-

ed. 974,000 in 1934, with a further 35 per

Current Accounts and Savings Ac- cent. gain estimated for 1936, This growth alone would insure Canadian counts opened. Mixed Deposits re- ceived at rates which will be quoted recovery this year.

There has been a substantial im-on application. provement in all of the major indices Trusteeship & Executorship under- of economic activity and foreign trade taken. Safe Deposit Boxes for hire. continued to show satisfactory expan- sion.

PHILIP GOCKCHIN, Chief Manager.

Yun

Hon. Bir Bhon-son Chow, Chairman: Li Koon Lan Chan Ching Bhak, Tong, eq., Bang. Esq. Wong Chu Fan, Esq. and Kan Ying Po, Esq., Fog Ping Wah; Esq.

Kan Tung Po, Esq., Chlef Manager. Li Tre Fong" Esq., Manager.

BRANCHES AND AGENCIES:

Amay

Manila

Seattle

Bataris Bombay

Melbourne

Semarang.

Nagazeti

Shanghai

Calcutta Canton

New York

Uzska

Eingapore Bourabaya

Paris

Bestow

Sydney

Talboku

Rangoon

Tientaln

Saigon

Tokyo

San Francisco

Vancouver

Yoichama

Haiphong Bankow Honolulu Kóbe Kowloon London-

Peiping Teuang

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

year

or

Current Accounts opened in Local Currency. and Fixed Deposita received for one shorter periods In Loom and Foreign Currencia: on terms which will be quoted on "application.

Sale Deposit Bozes To Lat.

KAN TUNG PO,

Chief Manager.

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

BUILDERS OF RECIPROCATING STEAM ENGINES.

BUILDERS OF MARINE AND LAND BOILERS.

BUILDERS OF TURBINE MACHINERY.

Under License From Messrs. Parsons;

BUILDERS OF DIESEL ENGINES.

Under Special License From Messrs. Sulzer Bros.

Licensed To Manufacture Lanz Perlit Iron, Specially Suitable

For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

AND EXTENSIVE

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE

ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND

PROMPTLY CARRIED OUT

Tel. Address : (Taikoodock," Hong Kong.

Telephone No. 30211.

Call Flag: "Numeral One,” over “Pernant Anns.”

BUTTERFIELD & SWIRE, Agents

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

$50,000,000

Issued and Fully-Paid-up. 20,000,000 Reserve Funds:--

Sterlings

Hong Kong Currency

Reserve.

2,600,000

$10,000,000

.$20,000,000

Reserve Liability of Pro-

prietors

HEAD OFFICE: HONG KONG. BOARD OF DIRECTORS.

G. Miskin, Esq.,

Chairman.

Hon. Mr. M. T. Johnson,

Deputy Chairman.

J. K. Bounfold, Esq., A. H. Campton, Esq., B. H.. Dodwell · Esq., J. B. Masson, Esqu V. M.

AMOY

BANGKOK

BATAVIA BOMBAY CALCUTTA

CANTON CHEFOG CÒLOMBO DAIREN FOOCHOW HAIPHONG HAMBURG HANKOW HARBIN HONGKEW ILOILO IPOH JOHORE

-KOBE

KOWLOON

K. 8. Morrison, Esq., E I

Hon. Mr. J. J. Paternon, 'T. E. Pearos, Esq.,

A. LA Shields, Kaq.. Grayburn, Esq.; Chief Manager.

BRANCHES :-

KUALA LUMPUR

LONDON LYONS MALACCA MANILA MUAB (Johore)

MUKDEN NEW FEIPING PENANG RANGOON BAIGON

YORK

SAN FRANCISCO. SHANGHAL SINGAPORE SOURABATA SUNGEI PATANI TIENTSIN

TOKYO TSINGTAO

YOKOHAMA

Current Accounts opened in Local Currency and.

year or shorter Fixed Deposits received for one periods in Local Currency and Sterling on testis. which will be quoted on application.

ALSO up to date SAFE DEPOSIT BOXES in various sizes TO LET.

Hong Kong, lat March, 1937.

HONG KONG SAVINGS BANK

The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI: BANK- ING CORPORATION:- Rules may be obtained on application.

FOR THE HONG KONG AND BHANGHAI BANKING CORPORATION.

V. M. GRAYBURN, :

Chief Manager.

Hong Kong, fat March, 1987.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

Yen.132,650,000.

Head Office: YOKOHAMA

Branches and Agencies st

Alexandria

Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Fengtien (Mukden) Hamburg

Hankow Harbin Hong Kong. Honolulu Hsinking Karachi

Kobe

London

Manila

Los Angeles

Moji

Nagasaki

Nagoya

New York Osaka Otarn

Paris

Pelping Rangoon

Rio de Janeiro San Francisco Seattle

Semarang Shanghai Singapore Sourabaya Sydney Tientsin

Tokyo

Tsingtau

Yingkow

Interest allowed for Current Ac- counts.

Deposits received for fixed perioda at rates to be obtained on applica tiona.

Y. KANO,

Manager. Hong Kong, 10th March, 1937.

THE

SHANGHAI COMMERCIAL &

· SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up

Reserves

$5,000,000.

$7,500,000

Capital Savings Dept. $500,000, Reserve Savings Dept, $600,000. Head-Office---Shanghai

on

A Bank having as its mission the industrial development China and the fostering of her commercial relations abroad. Hong Kong Office- V

6, Queen's Road, Central. Phone 31116.