1937-05-10 — Page 17

THE CHINA MAIL, MAY 10, 1937.

FALL IN

BRITISH

BANK DEPOSITS

British banking figures have followed

in the first quarter of the year the `nsual seasonal trend; that is to say,

the

two

DUNLOP RUBBER

ACCOUNTS

Two Distinguishing Features

in

manner

In certain of the company's manu- facturing territories oversea-the com→

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Lavorponted by Boyal Charter, 1858.

HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund

Seremban

£3,000,000

£3,000,000

Reserve Liability of Pro-

prietors i

£8,000,000

Agencies and Branches:

Alor Star

Iloito

Rangoon

Amritsar

Ipah

Saigon

Bangkok

Karachi

Samarang

Kuala Lumpur

Kuching

Shanghai Singapore Elitiawan

Madras

Sourabaya

Manils

Talping

Colocabo Delhi

Medan

Tientsin

New York

Tongkah

Peiping

(Bhuket)

(Peking)

Taingiao

Panang

Yokohama

Zamboanga

its

- Batavia

Bombay Calent Canton Cawnpore Cabu

deposits have declined mainly in con-tures in the report

There are two distinguishing fea- sequence of the activities of the tax Rubber Company-one, the growth of of the Dunlop collector, which enabled the Exchequer the company's profits to redeem a large amount of Treasury which must give satisfaction to the Bills.

The March statement of the 11 Lon- sion and improvement of the system shareholders, and the, other the exten- don Clearing Banks shows a drop in of accounts, first adopted four years deposits from £2,273,765,000 to £2,244,- ago. 159,000. Compared with the January figure the

The figures show that the company shrinkage in deposits had a particularly good year. amounts to £63,051,000, against a de-home market the improvement in gen- In the crease of nearly £56,000,000 in same period of last year.

the eral conditions, especially in the motor and cycle industries, led to a gratify- The bill portfolio declined in March ing expansion in the company's busi- from £306,620,000 to £247,760,000,ness. bringing the decrease. for months up to £97,388,000.

The only other movement of impor-pany manufactures in most countries tance last month was a further increase of in advances from £903,458,000 to £934,- shown

the Empire to-day profits have 413,000; the increase

a satisfactory growth, and for months amounts to £54,392,000.

the two though conditions in the export market

Foreign Exolange and General Banking business The main, but not the whole,

continued to be difficult, nevertheless transacted. planation of this increase in advances than in 1935.

ex-better results were obtained last year redired for one year or shorter periods at rates Current Accounts" opened and Fixed Deposita is the new French credit of £40,000,000

which will be quoted on application. which was arranged in January. Com-was again impossible to remit dividends

Owing to exchange restrictions it The Bank's Head Offlos in London undertakes and Trustee business, and alaims pared with a year ago the banking from Germany, and in accordance with

British Income Tax overpaid, on figures show

terms which may be ascertained at any of its considerable increases. the board's custom no credit has been Aganoles and Branches. For instance, deposits are £135,876,000 taken in the present accounts for the higher.

R. W. ROBERTS, companies, though it profits earned last year by the German

Manager. that these were substantial. Nor have

is understand Hong Kong, 1st January, 1985. the balance-sheets of the German com panies been included in the consolidat- ed statement.

This increase is mainly reflected in advances, which have risen by £85,252,- 000. The only other change of note is a rise in investments of £32,326,000.

VETERAN BANKER

RETIRES

Mr. Edmund Godward

+

Haiphong Hamburg Hankow Harbin Hong Kong

recovery

How marked has been the improve- THE BANK OF EAST ASIA, LTD. ment in the company's profits is ap-

parent from а comparison of last Authorised Capital $10,000,000.00 year's profits (£1,502,707) with those Paid-up Capital

$ 5,598,600,00 of 1932, when the total

.$ 2,776,726:76

con-

HEAD OFFICE:-HONG KONG. 10. Des Four Boad. Central,

was only Reserve and Undivided £860,077. Altogether £644,900 of the Profits past year's profits is placed to various After upwards of 51 years' service reserves-taxation, general, and with the Bank of

Mr. tingencies-and the Ordinary stock- Edmund Godward is retiring from the holders are to receive a bonus of 1 per London managership. He became de-cent. in addition to the dividend of 8 puty manager in 1919 and was appoint- per cent. ed manager in 1923...

Australasia

position.

BOARD OF DIRECTORS : flon. Bir Shou-son__Chow, Chairman; Li Koon Chúa, Esq., P. K. Kwok, Esq., Wong Yun Long Eng

Chan Ching' Bhek, "Esq;, Li Lan Sang, Esq Wong Chu Son, Esq. and Ken Eing

Fung Fing Wah. Eng.

The announcement was received with .regret in London banking circles, Mr. Godward will be succeeded in Fo, Esq.

where Mr. Godward is recognized as a the London managership by Mr. George leading authority on Australian bank- Claughton Cowan, and Mr. James Nevin ing.

Desmond Paine has been appointed secretary.

By visits to Australia he has kept in personal touch with conditions in the Commonwealth, and the high value placed upon his services by the directors was recently recognized by his election to the board, of which he will continue to be a member.

At different times Mr. Godward. has held various appointments, having been a member of the committee of the Overseas Section of. the Board of Trade, chairman of the British Over- seas Banks Association for 1980, and vice-president of the British Bankers Association for the same year.

·

THE WING ON BANK, LTD.

Head Office: Hong Kong. 36, Des Voeux Road, Central Authorised Capital $10,000,000 LONDON "BANKERS:-- Westminster Bank, Ltd. Foreign Exchange and every des- cription of banking business transact- ed.

Kan Tung Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager.

BRANCHES AND AGENCIES :-

Amoy Batavis Bombay Calcutta Canton

Hilphong Hankow Honolulu

Koba Epikon

London:

Manila

Melbourne Nagasaki New York

Paris

Peiping Feuang

Bangoon

Buizon

Ban Francisco

Seattle

65marang

Stangbai

Eingapore

Sourabaya

Swatow

Bydney

Tientain

Tekyo

VancouYRI

Taiboku

Yoachama

Every description of Banking and Exchange business transacted. Loans granted on approved Current Accounts and Savings Ac-securities. counts opened.

Current Accounts opened. In Local, Ourency Mixed Deposits re- and Fixed Deposita received for ceived at rates which will be quoted shorter periode in Local and Foreign Currencies

on terms which will be quoted on application. on application. His

Safe Deposit Boxes To Last.

He has been a member of the Insti- tute of Bankers since 1926 and is now deputy chairman of that body. many years of banking service have covered important developments in the Australian banking world, in which the Bank of Australasia occupies a leading

Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire.

PHILIP GOCKCHIN, Chief Manager.

FORT OF

Pare 17-

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

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

Sterling

Hong Kong Currency

2,500,000

$20,000,000

Reserve *-...$10,000,000 Reserve Liability of Bro-

prietors

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS.

G. Miskin, Esq,

Chairman.

Hon. Mr. M. TJohnson,

Deputy Chairman.

J. E. Bousfeld, Esq., A. H. 'Compton. Eng..

9. H. Dodwell, Esq. J. B. Maason, Esq.,

AMOY

E. S. Morrison, Eaq..

Hon. Mr J. J. Paterson,

T. E. Pearce, Esq.

A. L. Shielda, Esq...

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

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON CHEFOO COLOMBO DAIREN FOOCHOW HAIPHONG HAMBURG HANKOW HARBIN HONOKEW ILOILO IPOH JOHORE

КОВЕ

KOWLOON

BRANCHES

KUALA LUMPUR

LONDON LYONS MALACCA MANILA MUAB (Johore)

MUKDEN

NEW YORK FELPING PENANG RANGOON SAIGON

SAN FRANCISCO SHANGHAI SINGAPORE SOURABAYA SUNGEI PATANI TIENTSIN

TOKYO

TSINGTAO -YOKOHAMA

Current Accounta opened in Local Currma y and Fixed Deposita received for one year or sorter periods in Local Currency and Sterling an saEUJ which will be quoted an application.

ALSO up to date BAFE DEPOSIT BOXES in various sites TO LET.

Hong Kong, 1st March, 1937.

HONG KONG SAVINGS BANK

The Business of the above Bank is.. conducted by the HUNG KONG AND SHANGHAI BANE- ING CORFORATION. Rules may be obtained on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

IV. M, GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1957.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

Yen.132,650,000

Head Office: YOKGHAMA

Branches and Agencies at

Alexandria

Bangkok

Batavia

Berlin'

Bombay...

KAN: TUNG PO,

Calcutta

Chief Manager.

Canton

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 TURBÍNÉ 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

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

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

PROMPTLY CARRIED OUT

Tel. Address : Taikoodock, Hong Kong,

Telephone No. 30211.

Call Flag: “Numeral One,” over “Pennant Anns.”

BUTTERFIELD & SWIRE, Agents

Hankow

Harbin

Moji

Nagasaki

Nagoya

New York

Osaka

Dtarn

Dairen (Dainy)

Fengtien (Mukden)

Hamburg

Hong Kong

Hsinking

Paris

Peiping. Rangoon

Rio de Janeiro San Franciscs Seattle

Semarang Shanghai Singapore Sourabaya

Sydney Tientsin

Tokyo

Honolulu

Karachi

Kobe

London

Manila

Los Angeles

Tsingtau

Yingkow-

Interest allowed for Current as- counts.

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

Y. KANO,

Manager.

Hong Kong, 10th March, 1987,

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

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

Queen's Road, Central.

Phone 31116.