1937-06-03 — Page 17

THE CHINA MAIL, JUNE 3, 1937.

CHINESE INDUSTRIAL

ORGANIZATION NOTED SUDDEN GROWTH OF MODERN INDUSTRY DESCRIBED AS HANDICAP

A brilliant survey of “

**Industrial Dr. Fong considers that the two Organisation in China" comes to distinguishing features of modern hand from the pen of H. W. Fong, industries in China are, 1) lack of Director of research of the Nankai organisation and 2) small scale of of Institute of Economics, Tientsin. operation. From a discussion "Roughly speaking," he states, these two factors he makes a com- "three sets of factors have con- prehensive study of various aspects industrial production, verged to make it practically impos- of Chinese sible to introduce a full-fledged namely raw materials, machinery, system of organisation. into modern and buildings, labour, and market- industries in China; these include ing. sudden growth of modern indus- tries, persistence of the old guild and family system, and severe struggle for livelihood in a densely populated agricultural country.”

Value Of Collective. Bargaining

Compared To England

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

"Incorporated by -- Boyal, Chartor, 1838.

HEAD OFFICE: LONDON

BANKS

HONG KONG AND SHANGHAI:

BANKING CORPORATION

Authorised Capital

$50,000,000

Issued and Faby-Faid-ups, 20,000,000 Reserve Funds:-

Sterling

Hong Kong Currency

Reserve

HEAD OFFICE: HONG KONG,

£ 6,500,000

Paid-up Capital Reserve Fund .. Reserve Liability-of ̈· Pro-

prietors

£3,000,000

£3,000,000

$10,000,000

Reserve Liability of Pr

£3,000,000

prietors

$20,000,000

Agencies and Branches:

Alor Star

Hallo

Rangoon

Amritsar

Ipoh

Baigon

Bangkok Batavia Bombay Calcutta

Karachi

Bamarang

Klang

Beremban

Canton

Саипроте

Cabu Colombo Delhi Haiphong Hamburg Haukow Harbin

Hong Kong

Kobe

Kuala Lumpur Kuching

Madras

Manils

Modan

New York Peiping

(Peking), Репвир

Comparing England's industrial growth and China's, he believes the principal difference is that in Eng- land that transition. (from feud-transacted.

well-marked middle alism) had a state which is almost lacking in China...in China, modern industry has entered almost full-grown with the use of the most intricate power-Agencies and Branches, driven machinery which Western ingenuity had contrived....

.Some of the characteristics

Shanghai Singapore Bitlaw Soursonya

Tongkah

(Bhuket)

Tokohama Zamboanga

Foreign Exchange and General Banking business. Current Accounts opened and Fixed Deposits received for one year or shorter patiods at rates: which will be quoted on application.

The Bank's Head Office in Loudon undertakes Trustee", "business, Executor and

and

claims recovery of British Income Tax overpaid, torms which may be ascertained atmy of its

R. W. ROBERTS,

Hong Kong, 1st January, 1985.

On

Manager.

"

.$10,000,000.00

Authorised Capital Paid-up Capital: Reserve and Undivided

Profita

Speaking at Chester, Mr. F. A. Smith, general secretary of the Amal- gamated Engineering Union, said that he appreciated the desire of members for improved wages and conditions. of the Chinese mind which have That objective, however, he declared, been observed, especially in econo- could not be attained unless full re-mic relations, are not old but ex- THE BANK OF EAST ASIA, LTD. "gard was paid to the constitution of

the union, which had been created by pressions of a present inner con- the members, and loyal support given flict. There are too many problems to the officials, democratically elected to solve..... and charged with the duty of admin-

there has all along been the istering the rules.. The maintenance

unavoidable tendency, so long as of collective bargaining depended on the loyalty of members to their organ-

the family system prevails, to place isation, and he did not intend, in any persons in responsible positions circumstances, either as an official of who are in no way qualified to fill the union or as a member, to allow them...when a modern factory is the Society to become an economic staffed in part with those who do holiday, or to be jeopardised by inter-not hold their job by virtue of their ference from bodies not provided for competency, a general laxity by the rules.

cemetery to provide a Rabble-rousers'

sults.

re-

CENTRAL TRUST TO BE INDEPENDENT

Change Of Status

Leaders of irresponsible bodies, Mr. Smith went on to say, had charged the executive council with cowardice, failure to meet the wishes of the mem- bers and being out of touch with work: shop opinion. That recurring pheno- menon was the reward for attempting to discharge the duties imposed upon them by the rules and the agreements entered into on the instructions of the

The Central Trust of China will members. No body of men worthy of the name, he said, should shrink from become an organisation under the refusing to submit to the irresponsible direct control of the Ministry of clamour of unofficial bodies composed of Finance and independent of the people who claimed to be invested with superior intelligence enabling them to Central Bank following the latter's serve their fellow-men against the reorganisation înto the National wickedness of their officials. He intend-Reserve Bank of China.

ed to discharge the duties imposed upon him without fear or favour, and

Following the assumption of its he was prepared to accept the judg- status of independence, the busi- ment of the membership.-Engineering. ness scope of the Central Trust of

China will be expanded. To meet the demand for more office space.

European Employment that arises from this business ex-

Higher

the Central Trust pansion,

will move into the five-storey building In the introduction to its returns of which has just been, built on the unemployment and employment for the former site of the P. & O. Bank in first quarter of the current year, the Shanghai. International Labour Office at Geneva

Mr. C. K. Lee, newly-appointed states that, for the last four years, the figures have shown a steady improve- Managing - Director, is now in ment in the position, but the improve- Nanking conferring with Central ment has never before appeared so Government authorities with widespread as in the latest ascertain. gand to the future work of the:

ment.

re-

In almost all countries the number Central Trust and is expected to be of unemployed persons registered has in Shanghai to assume his post. decreased as compared with the cor-shortly. responding figures for. 1986. In Bel-

gium, Czechoslovakia, the Netherlands

J

and the United Kingdom, the decrease JAPANESE shown by the unemployment insurance EXCHANGE statistics is greater than three months

ago.

REGULATIONS

Officials Decide On Tightening

In Austria the increase in unem- ployment noted three months ago has given place to a decline. In Switzer- land, where the situation grew stead- ily worse throughout 1986, a consider- ́able decrease in unemployment as com- pared with last year, is now shown.

Tokyo, May 26. In France the number of applicants for Treasury officials to-day decided on employment, which was still rising six stricter enforcement of regulations months ago and was stationary three providing for state control of foreign

crease.

$ 5,598,600,00

.$ 2,776,726.76

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

BOARD OF DIRECTORS :----

P. -H. Kwok, Esq.,

Hon. Sir Shon-son Chow, Chairman; Li Koon Chun, Esq., Tong Sang To, Esq.,

Feq.

Esq.

Chan Ching Shek Egan Wong Chu Son, Esq, and Kan Ying Fring Ping Wah, Esq.

Kan Tung Po, Esq., Chief Manager. Lú The Fong, Esq., Mánager.

Canton

BRANCHES AND, AGENCIES:-

Amoy

Batavia

Manila Melbourne

Seattle

Semarang

Bombay

Nagmaski

Shanghai

Calcutta

New York

Eingapore

Osaka

Boarabaya

Paris

Swatow

Peiping

Bydney

Tenang

Taiboku

Rangoon

Tientala

Kowloon London

Saigon

Tckyo

San Francisco.

Vancouver

Yokohama.

Haiphong.. Hankow Honolulu

Kabe

Every description of Banking and Exchange business transacted. Loans granted an approved! securities.

Current Accounts opened In Local Currency and Fixed Deposits roosived for one year aborter periods in Local and Foreign Currencias on term which will be quoted on application.

Bafe Deposit Boxes To Let.

KAN TUNG PO,.

Chiat Manager.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Des Voeux Road, Central. Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Ltä. Foreign Exchange and every des- cription of banking business transact- ed.

1

Current Accounts and Savings - Ac- counts opened. Mixed Deposits re- ceived at rates which will be quoted on_application.

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

PHILIP GOCKCHIN, Chief Manager.

VLASONABLE.

PRICES.

The Newspaper. Enterprise Ltd. China Mail Bldg. 3a Wyndham St.

now shows a marked de-exchange transactions, it was learned montes he law urable impression from authoritative sources. The tight 000, two-thirds of which will be cover- made by the statistics of unemploy-ening of control over foreign exchange, ed by the favourable balance of in- ment is fully confirmed by the employ-required for payment for imported visible trade. Consequently, the daily ment figuress

commodities, will be carried out said, the Government will have to ship In all countries for which such sta- through the closing of all loop-holes in abroad Y,200,000,000 to settle Japan's

international-balance for the year. tistics are available without excep- the existing regulations.

The "Hochi, Shimbun," tion, the volume of employment has

a leading The Government has already shipped increased, in most cases to a consider journal, to-day estimated this year's Y.120,000,000 to the United able extent.—Engineering.

adverse balance of trade at Y.600,000,-lwithin the past few months.

States

BOARD OF DIRECTORS: G. Miskin, Esq.,

Chairman. Hon. Mr. M. T. John

Deputy Chairman.

J. K. Bouafield, Esq. A. H. Compton, Esq.. 8. H. Dodwell, Esq. J. R. Masson, Esq.,

K. B. Morrison, Esq., Hon. Mr. J. J. Paterson, T. E. Pearce, Esq.," A. L. Shiekis, Ragin

Sir Vandeleur M. Grayburn, Chief Managers.

AMOY

BANGKOK BATAVIA BOMBAY CALCUTTA

CANTON CHEFOO

COLOMBO

DAIREN FOOCHOW HAIPHONG HAMBURG HANKOW HARBIN

HONGKEW ILOILO

ГРОН JOHORE

KOBE

KOWLOON

BRANCHES :-

KUALA LUMPUR

LONDON LYONS MALACCA MANILA MUAB MUKDEN NEW YORK FEIPING

SAN

(Johore)

FRANCISCO SHANGHAI

SINGAPORE SOURABATA SUNGEI PATANI TIENTSIN

TOKYO

TBINGTAO...

YOKOHAMA

Current Accounts opened in Local Currency, sad Fixed Deposits received, for one year ‹or ^ såorter · periods in Local Currency and Sterling on isema which will be quoted on #pplication.

ALSO up to date BAFE DEPOSIT BOXES in various sizes TO LET, "

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 CORFORATION. Rules may be obtained

on application.

FOR THE HONG KONG - AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

-Chief. Hanager

**Hong Kong, let March, 1087.

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 at

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

Otaru

Paris Peiping Rangoon

Rio de Janeiro San Francisco · Seattle.

Semarang Shanghay

Singapore

Sourabaya

Sydney: Tientsin

Tokyo

Tsingtau Yingkow

Interest allowed for Current æe- counts..

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

Y. KANO

Hong Kong, 10th March, 1987

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

¦ ¦ Renerves 1

$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 *or China and the fostering tof. commercial relations abroad. Hong Kong Omee

6, Queen's Road, Central.

Phone 311167/