1941-02-26 — Page 13

HONGKONG & SHANGHAI BANKING CORPORATION.

.$50.000.000

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

Sterling Hong Kong Currency Re-

Reserve Liability of Pro-

prietora

HEAD OFFICE: HONG KONG.

serve

.£ 6,500,000

$10,000,000

.$20,000,000

BOARD OF DIRECTORS; Hon. Mr. J. J. Paterson, Chairman.

W. H. Lock, Esq., Deputy Chairman.

J. K. Bousfield, Esq., G. Miskin, Esq.,_ A. H. Compion, Esq., K. 9. Morrison, Esq. I. J. Davies. Exq., Hon. Mr. T. E. Perron Hon. Mr. S. H. Dodul,Hon. Mr. A. L. Shielda, Sir Vandeleur M. Grayburn Chief Manager.

BRANCHES:-

Bangcom Belgon

San Francisos Bhangkal

Kuala Lumpur Singapore

Sourabaya

Bungei Patant

A moy Hangkok Delävis

Ipoh Jobors

Kobe

Bombay

Kowloon

Calcutta

Canton

1.oodon

Chotoo

Lonn

Colombo

Maincoa

Dairen

Manila

Foochow

Muar (Johor) Tokyo

Haiphong

Mukden

Tsingtao

Flankơ❤

New York

Polping

Penang

Barbin follo

CURRENT

Bwatow

Timin

Yokohama

in

husband's claim for damages was withdrawn in the Divorce Court his counsel stated that the co-respondent had agreed to pay the wife £200 a year."

Mr. Justice Hodson approved the SITS received for One Year or shorter arrangement.

opened ACCOUNTS Local Currency and FIXED DEPO

un

periods in Local and Other Currencica will be quoted on terms which

SAFE DEPOSIT BOXES of various sizes To Let.

TRUSTEE and EXECUTOR business undertaken,

Hong Kong 13th December, 1949.

HONG KONG SAVINGS BANK.

Mr. Gilbert Sidney Hole, a farm-application. jer, of Albourne, Hassocks. Sussex, was granted a decree nisi because of the adultery of his wife, Mrs. Mary C. 1. Hole, with the co-res- pondent. Mr. Frederick H. M. It is informed, temperate, judl-Kayt. The suit was not defend- Social and at no pona tendentious. ed. and costs were awarded

As in all the years in which against Mr. Kaye.

Mr. Hole's case was that his wife was a keen horsewoman, and

The Business of the above Bank 10 conducted by the HONG KONG AND she and Mr. Kaye had common SHANGHAI BANKING CORPORATION, interests in hunting and show rid-Rules may be obtained on application. ing. They eventually confessed FOR THE HONG that they were in love, and Mr. SHANGHAI BANKING CORPORATION, Hole learned that they had lived together.

have had an oppla tunity of hear- ng or reading it, the Chairman's speech has been an admirable

Finally may I remind you and ask you

to take to heart in all your activities the words spoken by the services

our fighting Prime Minister

when things looked idably incurred through

the who ux of Chinese. But we

must black last July, called on all mem-¦ tinually remember that Hongbers of the British race and on their friends and well-wishers in g is very susceptible to out-

influences such as the situa every land to play their part, viz-a-viz China, Japan, Indo- rught and day, giving all, doing warning against farde political ma, the shortage of tonnage. all, enduring all to the utmost, to speculation and has given us a vements of population and so

the end."

1or He added these words: basis

sound agnosticism --"this is no war of chieftains, of touchings the present, and conse- It is therefore of importance princes, of dynasties or national quently the future, of the polites should ambitions, it is a war of people of the Far East. Better one an-

of this kind "Let all strive," | nual review

than care; and of causes."

periodical newsletters countless and bulletins,

hat fresh commitments

e scrutinsed with great nd that economy should be the Watchword on all sides.

1 is however only right that

he concluded, "without failing in faith or in duty and the dark eurse of Hitler will be lifted from

g Kong should remit to the, our age." me Government whatever con={

I now beg to propose the adop-

ution to the war effort it can tion of the "Report" and Accounts re, and last year it played its

¡

as presented.

per part in remitting £200,000

of revenue and a

furdum SECONDER'S SPEECH 00,000 from the profits of thei

hange Fund. In

re

is of

addition.

course the Bomber

the

This is

M. D. J. Sloss, seconding sand The balance sheet now in

ur

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

16, Gracechurch Street, London. E.C 8, Authorised Capital Subscribed Capital Paid-up Capital

Reserve Fund & Rest

BANKERS:

£3,000,000

1.800.000 1,050.000 1.254.639

The Bank of England and Midland Bank, Ltd.

BRANCHES:

Jalina Kuantan

Karachi

Modean New York ៦៥០៥ Fargoon

We have confidence that Bri tain will emerge triumphant and that po also will China. The survey does not. disturb our assurance: it 15. wholesom caveat against facile optimismi. I have probably less right than any person In us room to ds- cuss the service that the Bank d now totalling about £100.-hands and the established upin- and civil government in the Far has done to industry, commerce which has been raised by vo- tary subscription through

ion of all competent judges make

Mast On another aspect of its to elaborate the and it unnecessary th China Morning Post

werk I can speak with less hesita- Bank is perhaps. Vw that the ng Kong Telegraph.

tion. It has realisert its social fostering com- rt from the considerable ex- the chief agency

obligation in this Colony and clse. where where diture borne by the Colony for merce and industry in this quar-

it operates In a tor of the globe. How wisely its

avanner that calls for respert. policy has been administered, this

The Chiet Manager's interest in balance sheet phenomenal growth of the Ban's

the War Memorial Nursing Home, we all well know, not limited

HONG KONG BRANCH in its two generations or SO

tu his personal acquisition of

Every description of Banking existence is evidence of skilful

is chief treasure, In the forta

Exchange business transacted. control and sound management,

I raise funds

TRUSTEE for war purposes Had the Bank failed to fulfil its its example has been signal. As regards Japan, recent regu- function in the commercial or- ons issued there seem

to be ganisation of this Colony and of can refer with full knowledge to both the igned to restrict

the support given by or to drive the Chuna ports it would long ago eign banks out of business al- have been found nul, and rele- ether in the game way as banks gated to the limbo in which in- Manchuria fiave already been eficient banks werk out their tricted and in suine cases driven

al defences. It amounts to tribution we can be proud of which should be continued on

same scale.

Japanese Policy

The position awaits further larification, but in the mean- ime we have notified our diplo- hatic authorities, as their inter- ention seems to be the only ac- on now possible.

will therefore say no more ut this, nor will I deal with de in Japan since it is now un-

very comprehensive ntal.control.

govern-

As regards other countries, Ma-

is

witness,

The

of

own damnation. Its growth, the stable confidence with which it is accepted, the respect with which its policies are received, these are the clear indications of its funda- mental soundness, and of skill and integrity with which it has been administered,

Under Difficulties

the

is

}

Chief Manager and the Manager to efforts that have been made and are still being made to or- Kong industry for ganise Hong the maxinum service of our wor

enas.

Bank And University

Bangkok Bombay InJeutta toileanbe Deibl Challe

Ha Tang Howrah Ipoh

Kanly

Kuala Lipis

Kumla

Trengganu

Kota Bharu Shanghai Kuala Lumpur Simla

Singapore

AND

KONG

V. M. GRAYBURN,

Chief Manager, Hong Kong, 1st March, 1937.

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital Reserve ana Undivided

Profits

$10,000,000.00 5,593,000,00

2,983,201.50

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

BOARD OF DIRECTORS:- Hon, Sir Shou-son Chow, Chairman; L. Koon Chun, Esq., P. K. Kwok, Esq.. Wong Yun Tong, Esq.. Chan Ching Shek, Esq.. Li Lan Sang, Esq., Wong Chu Son, Esq. and Fung Ping Wah, Esq.

Kan Tong Po, Esq., Chief Manager. Hon. Mr. Li Tse Fong, Manager.

BRANCHES AND AGENCIES:-

Seattle Samparan

Manila Melbourne Nagasaki

Shangha Singapore Bourabaya Bwtow Sydney

Amoy Batavia

and Bombay

Calcutta

New York

Hinphras

Parla

Hankow

Pelping

Honolula

Penang

Rangova

Badgon

Tieptas Vancouver

Ban Fragms00

AND EXECUTORSHIP UNDERTAKEN, CURRENT ACCOUNTS opened 1 Kobe Local Currency and FIXED DEPOSITS Kowloon received in Local Currency & STER- London LING on terms that may be ascertain ed on application.

D. BENSON,

Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA. Incorporated by Royal Charter, 1853

Paid-up Capital ... Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000 £9,000,000

£3,000,000

HEAD OFFICE: LONDON: 38, Bishopsgate, E.C.2. But-Agencies in London: 117/122. Leadenhall Street, E.C.2. West End Branch: 14/18. Cockspur Street, S.W.I. Manchester Branchi

62. Musicy Street, Manchester, 2.

AGENCIES AND BRANCHES:

Hankow

Perang Hong Kong

Bangoon

Nearer home, I have experienc- ed the close discriminating inter- est that has been shown in the affairs of the University. Like every other institution of a like We have heard a finely balanc-kind in the Empire we have fal- ed, discriminating report on the lens on evil days. The fact that conditions in which

the Bank's

we carry on at all is in large a gives the brightest picture. work has been

measure due to the skilful mali- done during the and Rubber exporters have past year.

The Bank is accus- agement of the University's fin- a very good year and this tomed to carry out its work under ance, first by Dr. Arthur Morse of course brought prosperity dificulties. I do not know what and

now by Mr. Edmondston. the many concerns (including conditions were like in its early That even now the University can aks) which are directly or in-years, but since the Chinese Re-undertake new work in preven- ectly concerned with these two volution conditions never have tive and curative medicine is due portant products. It must not been normal. The Bank has hart to the discernment and aid gen- vever be forgotten that the pre- to carry on in unsettled political erously given, if always critically,

prosperity of producers is conditions, and amidst

In cele Aloe Star extem- by the Chief Manager. largely to the purchases made porised and constantly changing brating the services of the Bank Bra

Bangkok the United States Government economic policies

industrial and · economic | Batavia in China, to the their War Reserve Stocks and against appalling currency dit welfare of the Colony, we should Bombay Calcutta se purchases will not go on for aculties, some inherent in Chinese not overlook its contribution to r. Exchange control in Sin- conditions; some, and these not the intangible, but not less essen- pre is working smoothly and the lightest, consequent in world tial, elements of a healthy com-

rates provide a fair though economic and monetary conditions munity. excessive margin of profit on of which China was rather a vic-

Mr. Chairman, I have much | Cabu king operations. The two 3% tim than a responsible agent. In pleasure in seconding your pro- loans floated by the Straits these war years there has been posal that the Report und Ac- dements and F.M.S. Govern- the derangement of all banking counts be adopted," its, totalling $45 millions, were organisation at Hoine, and to add y subscribed and remitted to to the tangle of impediments we 1. Treasury as war contribu- | have had, more recently and ds, while 3% War Savings Cer nearer home; the continued state ates are proving very popular, of unsettlement in French Indo-

Better Feeling

Other Business/

the

Follo

Ipoh

Karachi

Khug

Belgon

Beremban Bhanghai

Singapore Bitcowan

Agencien 2 Kobe (3) Clivo dizanka sillundu. Lumpur : Bourabayar

Fairlie Place Köching

Danton

Delhi

Úzakpove

Dolombo

Halphong

Kadroe Vinilas Medan

New York Priplog

(Peking)

Twiping Tientais. Tough

(Elmiked).

Tokesame

Hamburg

FOREIGN EXCHANGE and Generati Banking Businces-transacted..

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for :' One] Other Currencies at rates which will Year: on, shorter periods in Iocal or be quoted en application

Mr. L. Kadoorie proposed

of the re-election as Directors China, readjustments in the Dutch Hon. Mr. T. E, Pearce, the Hon Indies, in Thailand and in India. Mr. A, L. Shields. and Mr. K. S. These, with a long war on our Morrison, which was seconded by SAVINGS ACCOUNTS also opened in door-step, moke un environment Mr. T, N. Chau,

Local Currency and Sterling with n 'India conditions have been in which the coolest banker might The re-election of Mr. Johnterest allowed at rates obtamable on ject to fluctuations, but re-fold his hands and resign him- Fleming and Mr. H. R. Forsyth as application. fly there has been a better feel-self to wilt on some kind of Pro-Auditors was proposed by Mr. H.

'The · Bank's. Head Office in London Fand confidence exists that the vidence to solve his difficulties.

undertakes Executor and Trusice" bual. Hancock, and seconded by Mr. Pness, and claims recovery of British de situation will remain sutis- The policy of this Bank and of S. Cassidy..

Income Tax overpaid, on terms which tory, helped by war produc- its management has been far dif- All resolutions were unanimous may be ascertained

at any developments which are now ferent, and the success with which ly curried.

Agencies · and Branches. ng hastened forward..

this accumulation of almost in- "Those present included: The Hon.

·R A. CAMIDGE. He Philippine Islands are solvable difficulties has been sur-Mr. J. J. Paterson (Chairman). Mr.

of

the

Msanger

!

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

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local and Foreign

on Currencies

terme which will be quoted on application.

Safe Deposit Boxes To Let

KAN TONG PO.

Chief Manager,

THE WING ON BANK, LIMITED.

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

LONDON BANKERS Westminster Bank, Ltd.

Foreign Exchange and every description of banking business transacted.

Current Accounts and Savings Accounts opened. Fixed Deposits received at rates which will be quoted on application.

Safe Deposit Boxes for hire.

·PHILIP GOCKCHIN,

Chief Manager.

FOR SALE

Hong Kong Centenary- Envelopes

with View of Hong Kong: In 1841 and 1941

for

First Day Issue of

Centenary Stamps

at $1.00 per doz. envelopes GRACA & CO......

Dealers in Postage Stamps, Garden Seeds, Picture Books, ota No. 10, Wyndham Street