1937-05-31 — Page 17

THE CHINA MAIL, MAY 31, 1987.

RETURN TO GOLD

“STANDARD?

Deliberations In

London

ONE BIG CARGO BOAT A DAY

British Shipyard Output

The Daily Herald" reports that Mr. William Westwood, of Newcastle- secret deliberations are in progress be-on-Tyne, stated in his presidential tween the Governor of the Bank of address to the Confederation, of. Ship- England, Mr. Montagu Norman, and building and Engineering Unions, at the Governors of the note issuing banks Blackpool, that British shipyards were of the Dominions, but the strictest producing on an average one

large silence is being maintained about the cargo vessel a day. course of the negotiations themselves. “Great Britain to-day is the world's It is assumed the main purpose of these busiest shipbuilder," he affirmed. There discussions is to meet the wishes of the appeared no immediate prospect of the three gold-producing Dominions repre- demand for new ships falling off, and gented at the Empire Conference--all shipbuilding firms were busy. The South Africa, Australia and Canada-position in general gave grounds for that some concrete declaration should asserting that the shipbuilding trade of be made on the gold question.

the world was emerging from its deep depression.

Practical difficulty arises from the fact that while the Bank of England would welcome to return to the gold standard, the British Treasury has so Tar been adamant in declining to con- gitter such a step.

SHELL UNION.

OIL

First Quarter's Net Income

BANKS O

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

posted by Royal Charter, 1858.

HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund Reserve Liability of Pro-

prietors

£8,000,000 $8,000,000

£8,000,000

Agencies and Branches:

Alor Star #Antritsar Bangkok Batavia Bombay Calcutta Cantor Cawnpore Cebu Calcambo Dalhi

Hiphons Hamburg Hankow Harbin Hong Kour

عالمي

Kuala Lumpur

-Hangoon-

Balyon

Samareng

Berambata

Changhai Singapore Sitiawan Bourabaya

BANKS

HONG KONG AND CHANCHAI BANKING CORPORATION

Issued and

Reserve Funds z

Sterling *<=,.£-8500;0do Hong Kong Currency

Reserve $10,000,000 Reserve Liability of Pro-

prietors

$20,000,000

HEAD OFFICET, HONG KONG.

BOARD OF DIRECTORS. - G. Miskin, Esq,,

Hon. Mr. M.-T. Jöhrison,

· Deputy Chairman, 1

J. E. Bounfald, Esq.,

Ipoh Karnoki

Kiang

Fobe

Kuching

Madra

Manila

Medan

Now

York

Palping

Tongkab

(Bhukut)

A: H. Compton Bag., 8. H. Dodwell, Esq. J. B. Masson, fequ

(Peking) Penang

Tsingtao

Yokohama

Foreign Exchange and General Banking business translated.

British shipyards. could not turn out cargo vessels fast enough to keep pace with the orders which were pouring in. A feature of this exceptional activity was that practically · all these ships were being built for British owners, who evidently saw no reason to anti- cipate any change in the boom that had sent their profits soaring.

Conditions. in the iron and trades were also unprecedented.

Mr. Westwood added, however, that while they could reasonably anticipate two or three years of improving trade it was necessary that steps should be taken without delay against the slump that would assuredly come if economie conditions remained unchanged. Every effort must be made to regain the over- ourselves against further cycles of de- THE BANK OF EAST ASIA, LTD.

Current Accounts opened and Fixed Depozīta received for one year or shorter parloda" at rášou which will be quoted on application. steel

The Bank's Band Offas in: London undertakes Exsoutor

And Trustee business, and Income of British

Tax overpaid, on recovery Agencies and Branches. terms which may be ascertained at any of its

R. W. ROBERTS,

Manager. Hong Kong, 1st January, 1985.

A rise of nearly $2,000,000 to $3,674,- 479 in net earnings in the first quarter of 1937, as compared with the corres-seas markets if we were to protect ponding period of 1936, is announced by the Shell Union Oil Corporation.

Gross operating revenues during the quarter were $59,643,805 against $49;- 950,191. Despite increased costs, gross income showed a rise of 2,762,906 at $13,849,737. After depreciation, inter- est on funded debt and notes, provision for normal Federal Income-tax, het in- come, as stated above, was $3,674,479, against $1,681,984.

pression.

BANK OF CHINA IN RANGOON

The Bank of China is now consider- ing a proposal submitted by Chinese residents in Rangoon for the establish- ment of a branch there.

Authorised Capital $10,000,000,00 Pald-up Capital Reserve and Undivided

Profits

$5,598,600.00

:$ 2,776,726.76

HEAD OFFICE HONG KONG. 10. Das Vœux Boad, Central.

Mr. Huang Po-chuen, Manager of the

'BOARD OF DIRECTORS :--- Singapore branch of the Bank of China Hon. Bir Shou-son Chów, Chairman; Li Koon recently took a special trip to Rangoon Tong, Eg Chan Ching Shek, Esq., 14 Tan

7. K. Kwok, Esq. Woos Yo Chun, Biqy

posal, which is understood to have been Po, Esq., Fong Ping Wah, Esq. endorsed by the Ministry of Finance.

Birmingham's Shortage to study the practicability of the pro-ang, Eag-, Wong the Bon, Leg. and Kan Ying

A serious shortage of skilled workers in the gun trade is causing contern to Birmingham, manufacturers.

Capt. Kenneth R. Davis, chairman, in presenting the report of the Guardians of the Proof House, where small arms are tested, said that it was deplorable that orders could not be accepted be- cause of the shortage of skilled crafts- men. The problem called for urgent consideration.

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 dea....... cription of banking business transact-

ed.

In recent lean years, when there was "not-enough work to keep them fully

employed, skilled gunmakers were at- Current Accounts and Savings Ac- tracted to other trades, such as the counts opened. Mixed Deposits re- motor trade, where the prospect of in-ceived at rates which will be quoted creased and permanent work was much on application. brighter. Now they were not willing to come back.

He suggested that steps be taken to induce youths to enter the trade.

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

PHILIP GOCKCHIN, Chief Manager.

Amoy

Kan Tung Po, Eaq., Chỉáf Manager. Li n ông

Manager, BRANCHES AID AGENCIES :-

Manila

Melbourne

Bombay Calcutte Canton

New York

Paris

Eingapore

Sourabaya

Falping

onolalır.

Penang Bangoon

Kowloon Londin

Balzon

San Francisco

Bydney

Tientsin *Tekyo

Vancouve Yokohama

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

Current Accounts - épened in Local Currency and Fixed Deposita received “far dos - year for shorter periods in local- and Foreign Currencies an terms which will be quoted on application.

Sala Deposit Boxes To Les. “

:

KÁN TUNG PO,

Chial 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 Parta.

A & 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

-

K. B. Morrison, Esq.,

Hod. Mr.J. J5Paturson,'

T. E. Fearon: En

A. L. Shields, Req.,

Sir Vandeleur. M. Gra.

AMOR BANGKOK BATAVIA BOMBAY CALCUTTA

Ca900

COLOMBO

HAIPHONG HAMBURG CHANKOW

- HARBIN

HONGKEW ILOILO

IPOH

JOHORE KOBE.

KOWLOON

BRANCHES :-

KUALA LUMPUR

LONDON LYONS MALACCA MANILA MUAR (Johors) MUKDEN

BANGOON SAIGON SAN FRANCISCO

SINGAPORY SOURABATTE SUNGRI PATANI TIENTAIN

TOKYO:

·TSINGTAO YOKOHAMA

*** Current: Acommota: opened in. Local Cutringy and ***Fixed Deposita raosivad for one year or shorter

perioda in Local1 Durrancy and Sterling "cu

which will be quoted-on application.

ALBO up to date "SAFE" DEPOSIT BOXES in various sizes TO-LET,

Hong Kong, lat March, 1987.

"HONG KONG SAVINGS BANK

The Business of the abova- Bank la” coziducted by Thơ HONG KONG ẢNH GIA NGÀNH HÀNG ING CORFORATION. Bula" may be obtained on applications. T

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

•VÀ M. GRÁT

Hong Kong, ‘1st Mayob

Chief “Manag 1987-7

THE YOKOHAMA SPECIE BANK

LIMITED

Established: 885

Capital (fully paid-up) Yen.100,000,000 Yen 182,850,000 Reserve Fund .....

Head Office: YOKOHAMA

Branches and Agencies

Alexandria

Bangkok

BataviaTM Berlin Bombay

Calcutta

Canton

Dairen (Dainy}

Fengtien (Mukden) Hamburg

Hankow

Harbin

Hon. Lon

Honolulu

Hsinking

Karachi

Kobe London

Moji

Nagasaki

Nagoya New York Vokka Otâru

Priping

Eangoon

Rio de Janeiro San Francisco Seattle

Semarang Shanghai Singapore -Sourabaya

Sydney Tientsin

Manila

Los Angeles

Tokyo

Tsingtan

Ying kow

Interest allowed · for Current counts.

Deposits received for fixed periods fates to be obtained on applica-

tions.

Hour Kont „10th.

SHANGHAI COMMERCIAL &

SAVINGS BANKSLI

(Incorporated in

Capital pull up

Rele

Tel. Address :

Taikoodock,” Hong Kong.

Telephone No. 30211.

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

BUTTERFIELD & SWIRE, Agents

the

kvin

China and the

commercial relation.

Hong Kone Offe

Phone 3111-