1937-06-14 — Page 17

THE CHINA MAIL, JUNE 14, 1937.

NEW TYNESIDE

SCHEME

Jarvis-Armstrong Deal

A further scheme to introduce more work to the special area of Tyneside has been completed by Sir John Jarvis, M.P. for Guildford.

It was announced that Sir John has purchased from Armstrong Whitworth Securities Co., Ltd., the Sir W. G. Armstrong Whitworth's Iron-founders Co., which owns and controls the Close Works, Gateshead-on-Tyne.

Sir John has also purchased from Str W. G. Armstrong Whitworth and Co. (Engineers), Ltd., the whole of its

tool and pneumatic

air compressor business including the goodwill stocks, etc. - which has been carried} on at its Scotswood Works, Newcastle- on-Tyne. It is understood that all the businesses will be continued and ex- tended in the Special Area of Type- side.

"Bigger Jarrow Scheme”

Sir John Jarvis was the founder of the Surrey Fund for helping Tyneside and Jarrow when he was High Sheriff of Surrey in 1934, and has since or- ganized many schemes for providing work in that area.

Japan To Exploit South Seas

Tokyo, June 8. Baron Ryutaro Fukao, Presi- dent of the $20,000,000 South Seas Development Company, was elected President of the South Seas Aluminium Industry Co. at the first shareholders' meeting of the later firm yes- terday.

Capitalized $29,000,000 the aluminium concern will exploit bauxite deposits on Palao, Yap and Ponape islands in the Japanese mandated territory,

Out of the 40,000 South Seas Aluminium Co. shares, the South Seas Development Co. and the Mitsui Mining Co. each

The remain- acquired 15,250.

der were shared by the Nippon Electric Industry Co., the Nip-

and pon Aluminium Co.

the Sumitomo Aluminium Co.

Sir John Jarvis said that he had bought £130,000 of share capital and £287,000 of loan capital in Sir W. G. Armstrong-Whitworth (Ironfounders), owns the capitals of A. W. Consolidat-

complete

Limited. "This gives me control of that company," he said.

"I am paying £50,000 for the stock, machinery, plant and goodwill of the pneumatic tool department at Scots- wood. This," he added, "is part of a bigger scheme which I have in

view to help the distressed area of Tynę- side, including Jarrow."

New Metal Industries

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

$50,000,000

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

Sterling

.£6,500,000

Hong Kong Currency

Reserve .... $10,000,000

Reserve Liability of Pro-

prietors

$20,000,000

HEAD OFFICE; HONG KONG.

BOARD OF DIRECTORS. G. Miskin, Esq.,

Paid-up Capital Reserve Fund

.£3,000,000 £3,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Branches:

Alor Star Amritsar

Dloilo

Rangoon

Ipah

Baïgon

Bangkok Batavia Bombay Calcutta Canton

Karsobi

Samarang

Klang

Seremban

Fobe

Shanghai

Kuala Lumpur

Singapore

1

Kughing

Sitiawan

Cawnpore

Madras

Sourabaya

Manila

Talping

Modan

New York

Peiping

J. K. Bousfield, Esq., A. H. Compton, Esq., 8. H. Dodwell, Esq.

(Peking)

Tsingtao

J. B. Masson, Esq.,

Penang

Yokohama

Colombo Delhi Haiphong Hamburg Hankow Harbin Hong Kong

Zamboanga

Foreign Exchange and General Banking business transacted.

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

The Bank's Head Offios in London undertakes

Trustee

alaixas and Executor

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

R. W. ROBERTS,

Manager. Hong Kong, 1st January, 1935.

ed Stock Trust, Armstrong Construc- tion, T. and T. Assets, Ltd., and 60 per cent. of the capital of Armstrong Saurer Commercial Vehicles, Ltd. The THE BANK OF EAST ASIA, LTD. chairman of Armstrong Whitworth Se- curities is Mr. C. Bruce Gardner.

Authorised Capital $10,000,000.00 Paid-up Capital

$ 5,598,600.00 Reserve and Undivided

Profits

.$ 2,776,726.76

of

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

BOARD OF DIRECTORS Hon. Sir Shou-son Chow, Chairman; Lá Chun, Esq., F. K. Kwok, Eng. Wong Tong, Esq., Chan Ching Shok, Esq., Li Lan Sang ng Ping Wah, Bag.

Wong Chu Bon, Esq. and Kan Ying Fo, Esq.,

Koon

Yun

It is proposed that the dinner issued to inmates of LC.C. casual wards Sir John also revealed his proposals should include beef brawn, boiled beef, for reviving employment at Jarrow. luncheon sausage and corned beef which These are to lay down a steel melting is the only meat at present supplied. plant and to group round it a number The Institutions Sub-Committee fur- of metal industries for which it could ther recommends the substitution provide the raw materials, embracing raw fruit for stewed fruit. steel casting, the making of high hard- ness rolls, axle boxes and the develop- ment of a new method of refining iron.. That would mean five new industries for the town, or, with the tube works, six. As soon as the financial arrange- ments were completed the necessary companies would be formed, before the end of the month, he hoped.

The sites had already been obtained and to develop them probably half_B million pounds would be needed. He had proposed to the Nuffield Trust that if they would provide half the capital he would find the remainder.

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- ed.

Armstrong Whitworth Securities, Current Accounts and Savings Ac- which is a holding company, owns the counts opened. Mixed Deposits re- whole of the share capital of Sir W. G. ceived at rates which will be quoted

and Co. Armstrong Whitworth

(En on application. gineers) (£1,500,000), and owned the entire share capital of Sir W. G. Armstrong Whitworth and Co. (Iron- founders), Ltd. (£130,000).

It also

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

PHILIP GOCKCHIN, Chief Manager.

Kan Tung Po, Esq., Chief: Manager. Li Tso Fong, Eaq., Manager.

BRANCHES AND AGENCIES :-

Manila Melbourne Nagmaati New York

Osaka Paris Peiping

Seattle Semarang. Shanghai

Amoy

Batavia

Bombay

Calcutta Canton Haiphong Hanko Honolulu Kobe

Feneng

Rangoon

Kowloor London

Saigon

Tekyo

San Francisco

Vancouver

Yokohama

Swatow Sydney Talboku

Tientsin

Every description of Banking and Exchange business transacted. Loans granted on approved securitier,

Current Accounts opened in Local Currency and Fixed Deposits scaived. for one year or shorter periods in Local and Foreign Currencies- on terms which will be quoted on application.

Safe Deposit Boxes To Lob.

KAN TUNG PO,

Chist 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

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 : “Taikoodoek,” Hong_Kong.

Telephone No. 30211.

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

*

BUTTERFIELD & SWIRE, Agents

Chairman.

Hon. Mr. M. T. Johnson,

Deputy Chairman.

K. 8. Morrison, Esq.,

Hon. Mr. J. J. Paterson, T. E. Pearoa, Esq.,

A. L. Shiolda, Esq..

Sir Vandeleur M. Grayburn, Chief Manager.

AMOY BANGKOK

BATAVIA BOMBAY CALCUTTA

CANTON CHEFOO COLOMBO DAIREN FOOCHOW HAIPHONG HAMBURG

HANKOW

HARBIN HONGKEW

ILOILO

IPOH

ЈОНОВЕ KOBE

KOWLOON

BRANCHES :-~

KUALA LUMPUR

LONDON LYONS MALACCA MANILA MUAR (Johore)

MUKDEN NEW

YORK FEIPING PENANG RANGOON

SAIGON

SAN FRANCISCO SHANGHAI SINGAPORE SOURABATA SUNGEI PATANI TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Current Accounts opened in Local Currency and one year or shorter Fixed Deposits received, for periods in Local Currency and Sterling on terma which will bo' quoted "on' application,

AL80 up to date SAFE DEPOSIT BOXES in various sizes TO LET.

Hồng Kong, let March, 1997.

HONG KONG SAVINGS BANK

The Business of the above Bank is condusted by the HONG KONG AND SHANGHAI BANK- ING CORFORATION. Bules may

be obtained

on_application.

FUE THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Mariager.

Hong Kong, 1st. March, 1987,

THE YOKOHAMA SPECIE BANK

LIMITED

}

Established 1880- Capital (fully paid-up) Yên.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

Мозі

Nagasaki

Nagoya

New York Osaka

Otern

Paris

Peiping Rangoon

Rio de Janeira San Franciaco Seattle

น์

Semarang

Shanghai

Singapore Sourabaya

Sydney Tientsin

Tokyo Tsingtau

Yingkow

Interest allowed for Current As counts.

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

Y. KANO,

Manager.

Hong Kong, 10th March, 1937.

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

$5,000,000. ..$7,500,000.

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

-A Bank having as its mission the industrial development on iChina and the fostering of her commercial relations abroad..

Kong Office Hong

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