1937-05-26 — Page 17

THE CHINA MAIL, MAY 26, 1937.

US. RECOVERY

FROM SLUMP

POLICY BENEFITS

BRITAIN

JAPAN SAID SEEKING LOAN FROM BRITAIN

Japan is seeking a large loan from Great Britain for the purchase of badly The view that there will be no return needed raw materials and heavy manu to anfettered individualism, and com-factured goods, according to informa petition yin United States industry is tion available in Tokyo. expressed in a report issued by the De- Japan, owing to her heavy purchases from foreign countries, has practically partment of Overseas Trade:

The report, which deals also with the been drained of all her gold reserve recovery of the United States from the abroad, it is stated, and is now in dire import slump, is by Mr. H. O. Chalkley, Com- need of foreign currency to mercial Counsellor to H. M. Embassy huge quantities of goods necessary to at Washington. It is entitled "Econo-her national economy. mic and Commercial Conditions in the Competent observers in Tokyo, how |

ever, discredit the report that negotia- United States of America,”

tions for a loan will be formally taken between Mr. Yoshida, up in London Japanese Ambassador to Court of St. James, and Sir Alexander Cadogan, De- puty Under-Secretary of the British Foreign Office. They believe that ne- gotiations will probably be opened by the Kadono Economic Mission when it arrives in London from America.

"The economic. statistics over the period 1929-32-6 support the general impression that the United States is on the verge of regaining in 1937, after a cycle of seyen lean years, all the real economic prosperity attained in 1929 and, in some directions, of exceeding it," it is stated.

This impression; however, the report observes, is not supported by the record of labour-where unfavourable .condí- tions of employment, disorganisation and conflict still persist-nor by public finance. A series of budgetary deficits and increased public indebtedness have been incurred for “Emergency Expen- ditures on Recovery and Relief."

The restoration of foreign trade lags far behind the improvement in domes- tic trade in America, and it is stated that recovery in agriculture, paradox- ically brought about by crop failures and restricted production, is insecure.

&

There will, however, be no returnˇin the United States to the economic order of unfettered individualism and com- petition which preceded 1933, says the report. Governmental responsibility. has been assumed for evolving method of public regulation of private enterprise in all economic activities af fecting labour and the national welfare. The economic-policy of the United States since 1933 has been beneficial to British trade. Visible United King- dom exports and re-exports rose to a total of £36,883;303 in 1936, compared with £20,824,662 in 1982.

ا.

"

..

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE :

15, Graooohurch Street, London, E.C.8.

Authorised Capital ........... .£3,000,000 1,800,000 Subscribed. Capital--

.... 1,050,000. Paid-up Capital.

1,247,830

Reserve Fund & Rest ...

BANKERS:

The Bank of England & Midland Bank, Iki.

·BRANCHES :

Bangkok

Ipob

Bombay

Kandy

Calcutta

Karachi

Colombo

Kota Bharu

Delhi

Kuala Lipia

Galle

Kuala Lumpur

Hong Kong

Kuala Trengganu.

HOSTAD

New York Panang Fort Louis (Mauritius) Rangoon

Shanghai

Simla

Kuantan (Pahang) Singapore Madras

HONG KONG BRANCH.

Every description of Banking and Exohai business tranzsoted...

Travellers Cheques' Issued. ··

Trusies and Executorships undertaken. INTEREST allowed as Current - Locounts and- Fixed Deposits at Bates that may be ascertained. an application....

D. BENSON,

In a reference to the sale of beer in tin-can containers, introduced in the 7, Queen's - Road, Central, past two years, the report states that about 200,000,000 units of canned beer were sold in 1935, and it is believed that the quantity used in 1936 was four times that number...

HAINAN INVESTMENTS

Manager. -

THE WING ON BANK, LTD.

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

LONDON BANKERS: Westminster Bank, Ltd.

Mr. Chuang Wan-li, a wealthy over- seas Chinese in Manila, has announced that he is ready to invest $2,000,000 in reconstruction work in Hainan. Island. Current Accounts and Savings Ac-

counts opened. Mixed Deposits re-'' Lord Brabourne, Governor of Bom-ceived at rates which will be quoted- bay, who has been appointed Governor Trusteeship & Executorship under-

on application. of Bengal, has announced that he will leave. Bombay at the end of September, taken. Safe Deposit Boxes for hire.

PHILIP GOCKCHIN, six months after the introduction of the

Chief Manager. reforms.

Foreign Exchange and every desi cription of hanking business transact- {ed._

Dr.

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

by Royal Charter, 1185B,

HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund 4. Reserve Liability of

prieto

28,000,000 *$8,000,000

£3,000,000

Agencies and

Rangoon

Ipol

Baigon

Bamarang

Klang

Seremban

Kun Lampur

Kuching

Madras

Shanghai Kingapore

Bourabaya Talping

Alor Star - Amritsar. Bangkok Bombay Calcutta:: Canton Cawnpore Cobu Colombo

** Dalbi

Friphong Hamburg Hankow Harbin Hong Loan

Manila

Medan New York Peiping.

(Foking)

Perang

Tiantain

Tongkat

(Bhuksi) Tringiso Yokohama

- Zamboanga

Foreign Exchange and General Banking business transsofed.

Cusco Acquite opened and Fixed proposite

roosived for one year or shorter periods at "rate which will be quoted on application.

British <t

The Bank's Head Offos ta. Landon nadertakes Exegator and Trusteesia business tanda alaims

Income Tax overpaid, 2600very terms which may be ascertained, at any of its Agencies and Branches.jpg A

EW.ROBERTS,”

Manager.

Hong Kong, 1st January, 19352 |

THE BANK OF EAST ASIA, LTD.

$10,000,000.00 .$ 5,698,600,00

Authorised Capital Paid-up Capital. Reserve and Undivided

Profits

.$ 2,776,726.76

HEAD OFFICE —HONG KONG 10. Das Vaux Boad, Central.

Li - Koon Wong Yun

Ying

2. BOARD OF :DIRECTORSAKE Hon. Biz,, Bhan-sop. Chow, Chalam Chun, Big, P. E. Kwak, Tanging-Ki Shan :: Ching. Shak..

Wong Chu Ban, Sang q Fo; Esq., Fung Ping W

Kab Tung Fo, Esq., Chis! Manager, Id-The Fong, Esq., Manager.

Shanghai Eingapore Bourabaya.

Swatow

· BRANCHES

AGENCIES

Amoy....

Seattle

Batayin

<Malbourne-

Semarang bi

Bombay

Calcutta

Canton's

Ovaka

Feiping

Tenang

Bydney Taibokų

Rangoon

Tientsin

Saigon...

Tcky.com

San Francisco

Vandoura

Tolcheme

Haiphong

·1 Hankow Honolulu. Bobs Kowloon London

Paria

Every description of Banking and Exchange business, Aransacted. . Losza granted on spproved Domurities.

Current Accounts opened in Local, Currency and Fixed Deposita received for one year for shorter periods in Local and Foreign Currencias on terms: which will be quoted on, application.

Safe Deposit Boxes To Let

KAN TUNG PO,

Chief Managar,

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPSed

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

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

OXY-ACETYLENE, SKILFULLY AND PROMPTLY CARRIED OUT

AND

Tel. Address : 'Taikoodock,”<Hong_Kong.

Telephone No. 30211.

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

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

Reserve...

£6,500,000

$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. Bousfeld, Fit, A. H. Compton, Esq.- 8. H. Dadwell, Esq. J. B. Masson, Engi

K. 8. Morrison, Esq.

Hon. Mr.J. J. Paterson, T. E. Ponroe, Enci..... A. L. Shields,” Eng.,>

Sir Vandeleur M. Grayburn,

AMOL

BANGKOK BATAVIA BOMBAY CALOUTTA CANTON CHEFOO COLOMBO DAIREN FOOOHOW HAPHONG FAMBURG HANKOW

HARBIK HARK HONGKETY ILOILO IPOH JOHORA

KORE

KOWLOON

Chiot Manager, an

BRANCERS

KUALA LUMPUR

LONDON

LYONS MALACCA MANILA MUAR (Jobore) MUKDEN

NEW YORK

FEIFING PENANG BANGOON BAIGON SAN FRANCIB00 SHANGHAI SINGAPORE SOURABA SUNGEL PATANI TIENTSIN TOKYO

· TSINGTAO YOKOHAMA

Current Accounts opened in Local Currancy and Fixed Deposits monived for que yanɛ or shorter periods in Loca). Currency and fiarling on terma which will be quoted on application.

ALBO up to date SAFE DEPOSIT BOIER. La various sizes TO LET.

Hong Kong, las. March, 1937. ¦..

HONG KONG SAVINGS BANK

The Business of the shorn Bank in conducted by the HONG KONG, AND BHANGHAI BANK ING COEFORATION. Bules may be obtained KONG AND SHANGHAJ

on: application.

FOR THE HONG BANKING CORPORATION.

""、

V. M. GRẮYBURN,

Chief - Manager.

Hong Kong, lat March, 1951.--

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

Capital (fully paid-up) Yen.200,000,000 Reserve Fund

Yen.132,650,000

Head Office: YOKOHAMA

Branches and Agencler at

Alexandria

Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Fengtien (Mukden)

Hamburg

Hankow Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe-

London

Manila

Moji

Nagasaki

Nagoya New York Osaka Otaru: Paria Peiping Rangoon

Rio de Janeiro San Francisco Seattle

Semarang Shangha

Singapore

Sourabaya

Sydney

Tientsin

Tokyo

Tsingtan

Yingkow

Los Angeles

Interest allowed for. Current As counts.

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

Hong Kong, 10th March, 1987.

KANO.

Manager

SHANGHAT COMMERCIAL

SAVINGS BANK LIMITED- (Incorporated in China); Capital paid up ···

Reserves

009,000.

Capital Savings Dept, Reserve Savinge, Dept, 2600,000.

Head-Office-Shanghai-/!:

Bank having as its mission industrial development... on China, and the fosbérkar "of her

commercials relations abrozd

the

BUTTERFIELD & SWIRE, Agents

Queen's Road, Centril

Phone, 31116.