1937-06-15 — Page 17

THE CHINA MAIL, JUNE 15, 1937.

RISING PRODUCTION THE

WORLD OVER

MARKED INCREASE REVEALED BY LEAGUE

The March number of the "Monthly the decrease amounted to more than -Bulletin of Statistics" issued by the 12 per cent. during these months.

League of Nations Secretariat reveals

Cost Of Living Rises

+

a marked increase in world industrial The cost of living tends to rise in activity and in the cost of living in the a great number of countries. In the last year.

course. of: the last twelve months for Manufacturing production in 1986 which statistics are available, the cost was 15 per cent. greater than in 1986 of living in terms of national curren- and 11 per cent. greater than in 1929.jcies has increased most in Roumania The manufacturing index for the and Palestine (15:5 per cent.), France world, apart from the U.S.S.R., still (13 per cent.), Chile (12 per cent.) remained on an average for 1936 some Lithuania and Estonia (11 per cent.), 4 per cent. below its average for 1929, and in Indo-China (104 per cent.). but by December 1936 had risen more An Increase of less than 10 per cent. than

4 per cent. above that year's but more than 5 per cent. is to be not- average. Industrial recovery has, on the ed for Poland, Japan, China, Hungary, - whole, advanced further in Europe Greece, Italy, New Zealand and Swit-

than in North America.

zerland. One Exception

Small upward movements of less As compared with 1935, all coun-than 5 per cent. but more than 2.5 tries for which indices are available, per cent. have taken place in Latvia, - with the exception of Greece, show an Peru, Danzig, Belgium, Norway, the increase of industrial activity during United States, the United Kingdom, The increase was, particularly Australia and Iceland; in Portugal the great in the Union of Soviet Socialist increase was about 2 per cent., and in Republic (more than 30 per cent.), in Canada 1.5 per cent. Hungary (18 per cent.), the United A relative stability in the cost of States of America (18.5 per cent.), living (ie, changes of less than 1 per Czechoslovakia (15 per cent.), Ger- cent. up or down) still obtains in In- many and Estonia (about 13 per cent.). dia, Denmark, the Union of South In Canada, Norway and the United Africa, Finland, Czechoslovakia, Ger- Kingdom the increase amounted to many, the Netherlands, Sweden, about 10 per cent., in Poland, the Argentine, Austria, Southern Rhodesia, Netherlands, Sweden and Belgium. to Egypt and Bulgaria. about 8.5 per cent., in Finland, Aus- The cost of living has fallen only in tria and Japan to 6.5 per cent., and in Turkey (about 3 per cent.) and Yu- Chile and France to about 5 per cent. goslavia (about 4 per cent.).

1936.

During the months following the de- valuation (October 1986-January, 1937), as compared with the same per- iod a year ago, industrial activity in- creased in France by 3.8 per cent, and in the Netherlands by: 26.4 per cent.

HEAVY INDUSTRY IN U.S.S.R.

Amazing Growth Recorded

the

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund..

Reserve Liability of Pro-

prietors

Agencies and Branches:

floilo Ipoh

BANKS

(HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

$50,000,000

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

Sterling ... ... ... £ 6,600,000 Hong Kong Currency

Reserve

Reserve Liability of Pro-

...£8,000,000 ..£3,000,000

. $3,000,000

T

Alor Star

Rangoon

Amritsar Bangkok Batavia Bombay

Saigon

Karachi

Fobe

Samstang Seremban Shanghai

Calcutta

Kuala Lumpur-

Canton

Kuching

Cavapore

Madras

Colombo

Now York

Paiping

Tongkah

(Phuket)

Hamburg

(Poking)

Hankow

kohama

Cebu

Harbin Hong Kong

Klang

Penang

Singapore Bitiawan

Zamboangu

Foreign Exobangw und General Banking business transseted. received for one year or shorter periods at rates Current Accounts opened and Fixed Deposits which will be quoted on application.

The Bank's Head Office in London undertakes claims business, and terms which may be ascertained at any of itų. Agencies and Branchas.

R. W. ROBERTS,

Manager. Hong Kong, 1st January, 1935.

Exotor and Trustee Recovery of British Income Taz "overpaid,

THE BANK OF EAST ASIA, LTD.

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

.$ 5,598,600.00 Reserve and Undivided

Profits

Hon.

.$ 2,776,726.76

HEAD OFFICE :--HONG KONG. 10, Des Vœux Bond, Central.

BOARD OF DIRECTORS :-

Sir Shou-son_ Chow, Chairman; Li Koon Chun, Esq. P. I. Iwok, Faq. Wong Yun Tong. Ex2+

Chan Ching Shak, Esq., Li Lan Sangong Ping Wah, Esq.

Wong Chu Son, Esq. and Kan: Xing Fo, Esq.,

Amoy

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

BRANCHES AND AGENCIES :--

Hankow Honolulu

Batavie Bombay Caleatt Canton Haiphong

Manila Melbourne

Sestila

Semarang

Nagmandi

Shanghai

New York

Singapore

Osaka

**Paris

Pelping

Tenang

Bourabaya Swatow Sydney Taiboku

Kobe

Rangoon

Kowloom London

Salzon

Tck yo

Bar Francisco

Vancouver Yokohams

In a large number of countries the industrial activity in 1936 exceeded the high level of the year 1929. Leaving aside the exceptional development in the Union of Soviet Socialist Republics, where industrial production has in- creased by 300 per cent. since 1929, the During the First Five Year Plan, highest level is reached (according to Soviet heavy industry enterprises the latest monthly or quarterly figures produced 2,871 locomotives while available in each case) by Japan with during four years of the Second Five- a 65 per cent. increase, followed by Year Plan they turned out over 5,500 Greece (47-48 per cent.), Finland (42 locomotives. The output of train cars per cent.), Chile, Denmark and Swe-reached 76,000 turing the First Five- den (31-36 per cent.), the United King-Year Plan, whereas in the period 1933- dom, Norway, Hungary, Roumania and 36 it exceeded 200,000. The output of Estonia (23-30 per cent.), and Ger-harvesting combines during the First many (10-14 per cent.).

and Second Five-Year Plans was, In the United States the 1929 average respectively, 18,700 and 80,000 for

trucks-32,200 and 306,200, eter was reached or slightly exceeded December 1936, but production again

On October 1, 1925, the Formcipal receded a little in January, 1997, as a capital of heavy industry was estimat result of floods and labour disputes. ed at 4,18 milliard roubles. By the Building Activity Not Recovered beginning of 1936, it had grown by 10,5 During the last months of 1936

times. January, 1937, industrial production During the First Five-Year Plan,on terms which will be quoted an application. still fell short of the 1929 average by the iron and steel industry Was some 5-8 percent: 5 in Canada and augmented by 16 new blast furnaces Czechoslovakia, 8 per cent. in the (total capacity 12,200 cu.m.); during Netherlands, 11-13 per cent in Belgium, the years of the Second Five-Year 18-20 per cent. in Austria and Poland, Plan, 19 more blast furnaces were built and by 28 per cent. in France.

in

or

The building activity, on the other hand, as shown by the statistics in the "monthly Bulletin," has not recovered in the world at-large to the same 'ex- tent as general industrial activity.

"

securitise.

Tiantain

Every description of Banking and Exchange business transacted. Loans granted on approved Current Account opened in Local Currency and: Fired Deposits received for ona aborter periods in Local and Foreign Currencies

Sale Deposit Box To Let.

KAN TUNG PO.

year

Chief Manager.

THE WING ON BANK. LTD.

prietors

.$10,000,000

.$20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS.

``G. Miskin, Esq.,

Chairman.

Hon. Mr. M. T. Johnson, Deputy Chairman.

J. K. Bousfield, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq. J. E. Masson, Esq.,

K. 8. Morrison, Esq.,

Hon. Mr. J. J. Patarson, T. E. Pearce, Esq.,

A. L. Shields, Esq.,

Sir Vandeleur M. Grayburn, Chief Manager.

AMOY

BANGKOK BATAVIA ΒΟΜΒΑΣ CALCUTTA CANTON CHEFOO COLOMBO DAIBEN FOOCHOW HAIPHONG HAMBURG

BANKOW HARBIN HONGKEW

ILOILO ІРОН JOHORE KOBE KOWLOON

BRANCHES :-

KUALA LUMPUR

LONDON LYONS MALACOA MANILA MUAR (Johora) MUKDEN NEW YORK FEIFING

SAIGON

SAN

FRANCISCO

SHANGHAI

SINGAPORE BOURABAYA SUNGEI PATANI

TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application,

ALSO up to date SAFE DEPOSIT BOXES in various! Bisas 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. Bules masy be obtained

on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBUEN

Chief Manager,

Hong Kong, 1st March, 1987.

THE YOKOHAMA SPÈCIE BANK

LIMITED

Established 1880

Capital (fully paid-up) Yen.100,000,000 Reserve Fund ..... Yen.132;650,000

Head Office: YOKCHÀMA

Branches and Agencies at

Alexandria

Or

Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

(capacity 17,800 cu. m.) During the First Five-Year Plan, 66 open hearth furnaces with a total oven surface of 1,843 square m. were built and install- ed. During the years of the Second Five-Year Plan, 82 new open hearth

Head Office: Hong Kong. A very remarkable increase though furnaces with a total oven surface of

26, Des Voeux Road, Central. from a low level is apparent for the $624 square metres were put into United States-namely, about 80 per operation.

Authorised Capital $10,000,000 cént. for. residential and more than 70 A rapid growth in the production

LONDON BANKERS- per cent. for industrial and commerical apparatus is occurring in the fuel in-

Westminster Bank, Ltd. buildings. Residential building in Ger dustry. Thus, during the First Five- Foreign Exchange and every dea- many increased by 50 per cent., other Year Plan exploitation was begun of cription of banking business transact- building by, about{#40: per cent.

129 coal mines with a projected annual ed. In Czechoslovakia also, the increase output of 45,500,000 toną; during four Current Accounts and Savings Ac- amounted to about 50

cent. years of the Second Five-Year Plan 111 counts opened. Mixed Deposits re- In all these

mines with an annual output of 55.14ceived at rates which will be quoted

per countries, however,

the

level of 1929 has not yet been regained. million tons were put into operation.on_application.

In: Finland (+37 per cent.), Sweden A total of 2,933 oil wells were put into Trusteeship & Executorship under- (+18 per

cent) and in the United operation during the First Five-Year taken. Safe Deposit Boxes for hire. Kingdom (+2.4 per cent.) the increase Plan, and 4,376 during the four years

PHILIP GOCKCHIN, "Chief Manager.

of building activity continued, although of the Second Five-Year Plan.

exceeding the high level of 1929 by about 40 per cent. in Sweden and 60 proper cent. in Finland and the United

Kingdom.

Canadian Rubber. Imports

Building, activity.... decreased during .1936 in France, and Belgium (-7 per

cent.)," Hungary (-8 per cent.), the Ottawa, Canada Imports of crude Argentine per cent.), -Canada rubber into Canada in the month of (-14 per cent), the Netherlands March amounted to 5,851,745 lbs, an (26 per cent.), Switzerland (-35 increase of 1,799,680 lbs. over the cor- per cent.), Palestine (—39 per cent). responding month for 1996. With the exception of Palestine, build- Imports for the twelve months of 190 ing activity is still far below the 1929 the fiscal year totalled 62,529,499 lbs. -level in all these countries.

Job Printing

as compared with 56,892,870 lbs. in the ri fiscal year of 1935–1986.

A remarkable recovery of 48 per cent." set in "Switzerland after the de- Of the total imported in March over valuation (October 1986-January 1937), 3,000,000 pounds came from the British as compared with the same months a Straits Settlements and nearly 2,500 year ago. In the Netherlands, the 000 lbs. through the United States but decrease continuéd at a much slower originating mostly from British rate ́ (→~4′ per cent.), while in France Malaya.

VLASONABLE

PRICES

The - Newspaper Enterprise › Ltd. China Mall Bldg. - Sa Wyndham St.

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 Janeir

San Francisco

Seattle

Semarang Shanghai

Singapore

Sourabaya

Sydney Tientsin

Tokyo

Tsingtau

Yingkow

Interest allowed for Gurrent As- counts.

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

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. $800,000. Head-Office Shanghai

A Bank having as its mission the industrial development Con [7› Chinav and the fostering of -her

commercial relations abroad. Hong Kong Office----

Queen's Rond, Central.

Phone: 31116.