1941-03-26 — Page 13

HONGKONG & SHANGHAI BANKING CORPORATION.

.$50.000.000

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

Sterling. Reserve Funds

Hong Kong Currency Re-

Reserve Liability of Pro-

prietors

serve

£6,500,000

.$10,000,000

.$20,000,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS: Hon. Mr. J. J. Paternon, Chairman.'

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

0. Miskin, Esq.,,

J. K. Bousfield, Esq.. A. H. Compton, Esq., K. B. Morrison, Eug. L. J. Davies, Eng Hon. Mr. T. E. Pesros, Hon. Mr. S. H.Ɖödwail,Ion: Mr. A. L. Skjelda, Sir Vandeleur M. Grayburn

Chief Manager.

When the three storage godowns and Addressing shareholders, the Chair-

the two transil sheds are completed man sald-The profit on working was About the same as in 1939. $1.349.241.19

this year, we shall have increased our cargo capacity on these sites by about In seconding the proposal, Mr. J. M. as compared with $1,593,938.07, the de- crease being $44,596.88 or 2.8% Earn- During the year the first of the new 35,000 tons. The necessity for this ad Alvea said:-I am very pleased to rote ditional Space has been abundantly that in spite of the uncertain times in ings ware up by $193.507.14 but Work- six-storeyed godowns was completed

which we live our Directors have tak- ing Expenses were also tap by $238, and has beeh fully occupied with stor- evident during the year and is further 204.00. War Taxation paid (Property | age cargo since the 1st August, 1940, evidenced by the fact that we continueen a long view and proceeded with the essential development of our pro- Half the ground floor of this building to occupy all new accommodation

with the sound has been constructed as a strong roomsoori as it becomes available. We still perty in accordance for the safe storage of bulliơn and find ourselves from time to time very and comprehensive scheme laid down Nobody who travels across valuable cargo;

it has been specially pressed for space to accommodate some tu 1039.

the harbour can fall to have noticed reinforced with "Chatwood spiral In-of the heavier Inward cargoes.

The vastly improved conditions of the rapidity with which our new con- terlocked steel and fitted with "Chubb"

Bangkok doors, and is probably one of the saf storage in the new godowns, which are struction has pregressed, and one can

the appearance

Batavis The equipped with the most modern cargo now visualise est Strong Rooms in the East. and general

are fully fire our wharf frontage will present

Bob Calcutta first of the transit sheds was practical handling facillies and

the end of the year proofed to Insurance Companies' high-years to come when the building pro- Ly completed at

completed. is est specifications, not only give better gramme

Increasing Canton and is now in full service.

the earningGolombo

Ühefoo considerably. and safer storage but also ensure a 50%, thereby, transit rebate on fire Insurance on cargo stor-power of the Company.

Dairen

Tax and Corporation Profits amounted to $93,384.83: just over a dol lar per share ($1,06). The tax paid covers three-quarters of m year only, April to December,

The

of fuc!

for and stores launches, cranes ele, continues to - crease

cost

Cost of repairs upkeep has also increased.

You will note that your have donated $21,000 l the South China

that

Directors

Morning Post Fund and I trust this meets with your approval,

Godown Shortage

The shortage of godown accommoda- tion in the Colorly

continues and

al-

second

ed therein.

Amoy

which

in

BRANCHEBI-

Ipoh

Jobore

Kobo

Kowloon

Bankcan Sainco

Fan Frabolsos Shanghai

Kuala Lumpur Singapore

Bourabaya

Sungol Patand

Bwatow

London

Lyons

Malmoon

Manila

Tiental

Mune (Johor) Tokyo

Haiphong Hankow

Mukden

Tsingtao

flarbla Uloilo

New York Peipleg

CURRENT ACCOUNTS

Foundations for the second shed wore completed Just before

Those present at the meeting were: Poochow Christmas 1940 and the erection of The conditions of storage of various The Hon. Mr. J. J. Paterson, (Chair the steal structure commenced on the Dangerous Goods

Point, man) the Hon. Mr. S. H. Dodwell, the al Kowloon 28th December. It will be complel.with the attendant risk of Bre.

Mesura have Hon. Mr. M. K. Lo,

A. H. ed within a few days.

caused us a great deal of concern for Compton, T. B. Wilson, A. H. Veltman, The

H. Penn, L. J. Dav- six-storeyed godown.some considerable time, and in Octo L. Kadoorie, A.

ber 1940 new reinforced

A

concrete les (Directors), Messrs. J. Moodie, G. Castle, J. M. Alves, Kwok Hin Wang, Dangerous Goods Godown was built on our property at Yaumati, This godown V. T Marshall, C. M. Hall, G. B. S. is constructed to ensure storage of Thompson, (Shareholders) C. M. Man- these cargoes in accordance with the ❘ners (Secretary and Manager), latest Government Regulations and 10 afford the maximum protection to the cargues,

BURNS PHILP

PHILP LINE

Passenger & Freight Service To

AUSTRALIA

We have

a vessel

sailing

for

Manila,

Madang,

Salamaua,

Rabaul,

Sydney & Melbourne

towards

the End

of

March

Excellent passenger accommodation with a large number of single cabins at no supplement. Built- in Swimming Bath and Spacious Sports Deck.

Passenger & Freight Agents:-

GIBB, LIVINGSTON & CO., LTD.

Telephone 28031

New Wharf

which has been delayed owing to the

WHOR

We anticipate being able to put this wharf into service in the near fu- ture,

TWICE IN A DAY

the

Fo Kam Wing, Coxswain of During the year the old No. 3 Whart the steam launch "Po On"

ap- was desiolished and A new concrete peared before Comm. T. C. súa whart completed with the exception of at the Marine Court this morn- the rails and bollards. delivery ofing on two charges" of proceeding

with his launch twice

inside same day

the marking buny South of Lamma Island.

He was fined $7 on each charge. Our total capital expenditure on new works during the year was $2.432,- For failing to exhibit a red 550.87 and we are committed during light at each end of a raft of the current year to a further $1,100.|logs. Cheng Muk was fined 000.00 in completion of the programme or live days. outlined at the annual meeting on March 23rd, 1939 When this stage of our development 18 completed we shall possess what i confidently claim to be the Anest and miast up-to-date

of composite warehouse accont› uni's modation the Far East, it not in the world. The amount of cargo bandied during the year was approximately the same 1939 although the numberr of

handled decreased.

us for Vessels

Lighter Fleet

The Company's lighter fleet has again been fully employed during the year; the expenditure on repairs to Lighters this year amounted to $181,253 72, which was paid out of revenue. This Was nearly double the amount expended in 1939 and very much exceeded that of due to the fact any previous year, that practically the whole fleet has been reconditioned:

in all craft are 10w first class order and fit for many years service. thus obviating the further immediate necessity of building craft at the present high cost of con- struction.

$5

THE CHARTERED BANK OF INDIA. AUSTRALIA AND CHINA.

Incorporated by Ruya) Charter, 1853

Paid-up Capital

Reserve Fund

£3,000,000 £3,000,000

Reserve Liability of Pro-

prietors

£3,000,000

HEAD OFFICE: LONDONI 38, Bishopagate, E.C.2. Sub-Agencies in London: 117/122, Leadenhall Street. E C.2. West End Branchr 14/16. Cockspur Street. 8.W.. Manchester Branch:

52, Mosley Street, Bianchester, 2.

AGENCIES AND BRANCHESI

Karschi

Seremban Blunghi Bing p**

Siliwa

Yokohama

opened

扣

Local Currency and FIXED DEPO SITS received for One Year or shorter periods in Local and Other Currencies on terms which will be quoted application.

SAFE DEPOSIT BOXES at varions zizes To Let.

TRUSTEE and EXECUTOR business undertaken,

Hong Kong, 20th February, 1041).

HONG KONG SAVINGS BANK.

The Business of the above Bank to conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION, Rules may be obtained on application. FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital Reserve

Proits

$10.000.000.00 5,588,600.00

2,983,281.50

Undivided atic

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

BOARD OF DIRECTORS:-

Hon. Sir Shou-son Chow, Chairman; Li 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 Ts. Fong, Manager.

BRANCHES AND AGENCIES

Mantia Molbourne Nagurat

Beatle

Alor Har

Elankow

Actritur

Hong Lon

Bangkok

Iloilo

Petang Rangoon Salgor

Amoy

Batavia

Samarkog

Bateria

Ipok

Bombay

falautta

Kinug

Agencies:

Robe

Olive Street

Fairile Plate

Canton

Kuala Lumpur Funding Madras

Scarabeys

Talping

Thontalo

Bombay Calcutta it itankow Fionolulu Kobe Kowloon London

Shanghel

New York

Bingapore

Parin

Bombays

Palping

Batow

Prong

Sydney

Rangoon

Thenian

Saigon

VOYE

San Fran

Campore

Moalle

Tonghab

Cobu

afedan

(bit)

New York

Teingia

Yakakam

Ilalubong Hamburg

Since the beginning of the War five have members of the European staff left to Join H, M, Services, and Dne has been seconded for work of Na- tional importance, This of course Colombe

that the remainder of the Staff Delhi means are doing extra work.

Port Development

Us

As you know, the future of the Port of Hong Kong has been causing considerable concern as Government have not yet outlined a policy, espe cially with regard to Pier Leases. Sir David Owen, who was invited to visit Hong Kong to advise Government with to the administration and de- velopment, has we understand com- pleted his report and it is now in the hands of Government. Sir David visit-

regard P. & Q. Building.

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

· OPERATING SERVICES FOR

CARGO and PASSENGERS

TOLEWATOW, BHANGHAI, · TSINGTAO,

CHEFOO AND TIENTSIN

KOBE AND OSAKA

SINGAPORE, PENANG AND CALCUTTA

SANDAKAN, HAIPHONG

All steamera berth, alongside the Roosevelt Terminal in the French. Concession" at "Shanghal, "wherep passengers and cargo are landed."'

Further Particulars Please Apply

JARDINE, MATHESON & CO., LTD. GENERAL MANAGERS.

TELEPHONE

30311.

Paiping

(Peking)

FOREIGN EXCHANGE and Generul Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received to One Year or shorter periods in Iscal or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with in-

terest allowed at rates oblamable on application.

The Bank's Head Office in London undertakes Executor and Truster, bust-

ness, and claims recovery of British Income Tax overpaid, ́on ́terms which may be ascertained at any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manager,

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

18, Grasechurch Street, London, E.C.8. Authorised Capital ..usa.

BANKERS:

.£3,000,000

1,000,000 1,050,000 1,254,099

"The Bank of England und Midland

Subscribed Capital

Paid-up Capital

Reserve Find & Rest

Bank, Ltd.

Medra New York

Penm

Fargon

Shoghal

BRANCHES, **

Bangkok

Jačina

Bombay

Kužniau

Calcutta

Konty

Colombo

Karachi

Dalki

Kota Bharu

Kusla Jāpia"

HOTAD

Kusis

Ipoh,

Trengganu

Kusla Lumpur. Sinis

Bingspore

Every description of Banking and Exchange business transacted. Loans granted on approved sew-rilles.-

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

Safe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager,

THE WING ON BANK, LIMITED.

- Head Officel 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.

Help your Friend and his Hobby by giving POSTAGE STAMPS

for

hison

Seeds

His

HONG KONG BRANCH. Every description of Banking and Exchange business trènsacted.

TRUSTEE AND EXECUTORSHIP UNDERTAKEN,

CURRENT ACCOUNTS, opened, “me | Edeat Cyfrency Bild, FIXED DEPOSITS received in Local Currency & STER- LING... in terms that may be ascertain-

donpplicatioii,

D. BENSON,

Manager.

Garden

We can supply the goods of

his and your want,

GRACA & CO..

Deslors Inza

Postage Stamps, Garden Boada,

ata, atd.......: 10, Wyndham Street Established 1800 Hong Kòn