1941-06-25 — Page 13

HONGKONG & SHANGHAI

BANKING CORPORATION;

Authorised Capital ¿.......... Issued and Fully Paid-up Reserve Funda;----

Sterling

of

.$50,000,000 ..$20,000,000.

.£ 6,500,000

Pro-

Hong Kong Currency Re

serve

$10,000,000 Reserve Liability

prietors

$20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORSİ' Hón. Mr. J. J. Paterson, Chairman.

craft at the hands of the R.A.F., the South African Air Force, and the small but extremely efficient Greek Air Force. The A.. Compton, Esq.,

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

J. K. Bousfold, Esq.,

L. J. Davies, Esq..

Sir Vandeleur M. Grayburn Chief Manager.

a. Miskin, Esq

K. S. Morrison, Esq., Hon. Mr. T. E. Pouros,

Amoy

BRANCHES:-

Ipoh

Johare Kobe Kowloon

heaviest losses have been. Mr. 8. H. Dodwell, Hon. Mr. A. E. Shields, Supporting Mr. E. M. Raymond, were appropriation the sum of $10,000 should Mr. S. H. Rosa (Director) Mr. H. Overy be placed to General Reserve which in the fighter class, for

Mr. W. L. will then stand

trust at $31,000. I (Managing Director) and

Shareholders

this the Fiat C.R. 42 biplane, of approve Alexander (Secretary).

Mr. E. M Raymond said:--Your recommendation and also of the recom-

Bangkok same Dividend which hitherto has been avia was done Directors are pleased to place before mendation to pay the

last year, viz 20 cents you accounts showing such a satisfac and Bonus as tory result. The balance from Work- per share and 10 cents per share res the standard single-seat-Calcutta ing Account for the year shown an in-pectively. crease over last year of approximately Turning to the Balance Sheet, it will er of the Regia Aeronau-Chefoo

ontica, has everywhere been Foodborne

had been done for combatant soldiers, he sald, "We gave them concerts and

We dances.

thought could win them by treating them kindly."

Capt. Wright added that after a sergeant told him that the men in

one room

$5,000. Against this, however, a

new be noted that the value of stocks we

item of expenditure appears in respect hand is approximately $13,000 greater of War Taxation. Tux for the year than last year. This has to a 1940/41 amounting to $2.387.10 which extent been brought about by the gen-

were mutinous he instructed Sgt. Cooper to drill

them.

When the men refused to move the N.C.Os took them by the arms and moved thent. Nothing was done in the

way of punishment, It was a routine drill. He never touched any of the men with his cane. And he did not see the N.C.O.s strike anyone.

The hearing was adjourned.

Bombay

Canlou

Colombo Dairen

ilankow Harbia

large completely outclassed and Haiphong was based on the Company's Profits for cral increase in prices of goods during hundreds have been des-

last year, has been paid. In addition the past year. Stocks have been con- to this charge, your Directors have pervatively valued and arc readily considered it prudent to make full pro- saleable.

vision for Tax for the Taxation 1941/42 which will be based on the Profits of the Company for the year to 28th February, 1941. This has been estimated at $4,300,

In conclusion I would like to inke

troyed.

Now the Italians are using a re- placement type, the Fiat G. 50. The prototype of this

machine

year Sundry Debtors are approximately the same a8 at 29th February. 1940. Full provision has been made for doubt ful debts and the greater portion of the was first flown three years ago, debts outstanding has since been col-but it only went into production lected.

last year at Turin. It is a small this opportunity of thanking Mr. Overy all-metal monoplane powered and his staff for their services during with a Fiat radial engine of 850 the year. I feel I am expressing the [h.p. The wing span is only wishes of Shareholders in doing 50. thirty-five feet, and the aircraft The staff has carried out their duties has been designed so as to have admirably under difficult circum-

good manoeuvrability. stances.

The net profit for the year carried to the Balance Sheet, after making this proviston, shows a decrease of approx- imately $600 on last year.

As I indicated in my speech from the Chair last year the question of stock replacements has given your Directors some cause for concern, By far the greater part of our stock 18 Imported from England and orders have to be placed with our agents and suppliers there advance.

many

The adoption of the report and state- ment of accounts was seconded by Mr. months in J. C. Saunders.

Shipping Space

LESS LINGERIE Women's lingerie production is to be severely curtailed under the Government's concentration of plan "When the industry plan. comes into full operation," а leading hosiery manufacturer The difficulties of obtaining shipping said, "production will be restrict space from England to Hong Kong in ed to two-thirds of the to al these troubious times are well known manufactured in the six months and your Company has not been any than this respect which ended on November 30 last more fortunate

other concerns in the Colony. It is year."

with considerable satisfaction therefore that your Directors can lay before you accounts showing such a good result

SECRET PAPERS IN CAR

In

I may say that in spite of the dif

Mr. B. H. Ross was re-elected де Director and Messrs. Linstead

and Davis were re-elected auditors for the

ensuing year.

GREATEST HANDICAP

to the

A father who wrote court at Scarborough opposing the ficulties being experienced, the turn- marriage of his son, a corporal of the Royal Signals, aged 21, to a A case

containing confidential over to date compares very favourably

with last year. In view, however, of girl aged 18, gave as his reason papers relative to the Ministry of

the uncertainty of the future. Aircraft Production was

ave his belief that marriage was the found Directors consider that the conservative

handicap to greatest by the police in an abandoned policy which they have followed during car at Kensington recently,

this past year or two should be con- soldier working for promotion. stolen from Ux-tinued. For this reason, they recom- | The car was

The court gave permission for mend that of the balance available for the couple to marry. bridge.

a young

WHY SUFFER FROM

HEADACHES SLEEPLESSNESS IRRITABILITY

when

ASPRO

WILL PROTECT YOU

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So many thousands of people have proved it if you have not proved it for yourself. you will generally find that your friends can tell you that "ASPRO' definitely does banish headaches in a few minutes→→brings sweet sleep to the sleepless and soothes away your irrita bility quickly and effectively. So why suffer?" "ASPRO' dats its work without harming the heart or the stomach. The time has passed when it was necessary to take dangerous - deugs and narcotics for these irritating complaints. ‘ASPRO' is safe, sure and effective in action➡you" can take it anywhere--at any time. The fact that after ingestion in the Jystem "ASPRO' 'is an anti-pyretic or fever-reducer -- an anti-periodic · ---- a germicide ---- an antiseptic and a solvent of Uric Acid, makes it one of the most useful medicines ever to mankind.

Its purity and efficienty is vouched for by doctors and durses all over-

the

Try ASPRO today

and BANISH PAIN and NERVINESS

"Bdle Agentst➡DODWELL & co. Obtainablá, at;all-Chi

Prok

and Drug

Bollo

Kuala Lumpm London Lyons Malacca

Manila

Rangoon Balgon

Ban-Francisos Shanghal

Sourabaya Sungel Patani Bwato

Tiontein

Muar (Jobore) Tokyo Mukden

New York Peiping

Penang

Tsingtao Tokohama

CURRENT ACCOUNTS opened in Local Currency and FIXED DEPO. SITS received for One Year or shorter periods in Local and Other Currencies on

terms which will be quoted oa' application.

SAFE DEPOSIT BOXES of various, sizes To Let.

TRUSTEE and EXECUTOR businesS undertaken.

Hong Kong, 26th February, 1941.

HONG KONG SAVINGS

BANK.

AND

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

FOR THE HONG KONC SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

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

As a result it lacks speed and it is also poorly armed. The armament consists simply of two 7.7mm. machine-guns mounted in the wings. The top speed is un- der three hundred miles an hour, so that it is only a little faster than the C.R. 42. The G. 50 in engagements with the R.A.F. and Greek fighters appeared to THE CHARTERED BANK fare no better than its predeces-

OF INDIA, AUSTRALIA sor.

AND CHINA.

inReserve Fund

£3,000,000 £3,000,000

£3,000,000

The Italians are also using an- other monoplane fighter, the Mac-Incorporated by Royal Charter, 1833. chi C. 200. Its design follows the Italian formula in which top speed Paid-up Capital and armament are sacrificed order to gain manoeuvrability. Reserve Liability of PI➤

prietors The maximum speed is 313 miles an hour, its engine is a Fiat radial of only 850 h.p., and it mounts two-Breda Safat machine-guns on top of the fuselage. These fighter aeroplanes, which are the fastest. Italy can muster, have been used lately in Sicily.

THE BANK OF EAST

ASIA, LTD.

Authorised Capital

Paid-up Capital

Reserve

Hon.

Profits

and Undivided

HEAD OFFICE: LONDON: 88, Bishopsgate, E.C.2. 117/122; Leadenhall Street, E.C...-

West End Branch:..., 14/16, Cockspur Street; S.W.1. -Manchester Branchi

b2, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES:

Hankow

Alor Star

Baturia

Penang

Amritsar

Hary Kong.

Rangoon

Bangkok

Iloilo

Balgori

Ipoh

Beremban

Bombay

Calcutta

Klang

Harscht

.$10,000,000.00 5,598,000,00

Canton 2,003,261.50 Cawnpore

Cebu Colombo Delhi

cles:

Kobe

Sitiawa

Street Kuala Lumpur Sourabaya

Place Kuching

Talplug

Madras

Tinaisia

Manlle

Tongirab

Medan

(Uhuket)

New York

Tengiso

Peiping

Yokohama

Haiphong

(Peking)

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

BOARD OF DIRECTORS:

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 Wan, Esq.

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

Manila

BRANCHES AND AGENCIES:-

Seattle Satnaraug Nagasaki Shanghai

Amoy

Batavia

Bombay

Calcutta

finly hong Hankow

Honoluly

Robo Kowloon

Loudon

Melbourne

New York Parin

Peiping

Penang Rangoon

SalROD

Dingya

Swplow

Sydney Tientsia Vancouver

San Francisco Forma

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

Current Accounts opened in Loent Currency and Fixed Deposits received fer one year or shorter parlods 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 Office: Hong Kong. 16, Des Voeux Road, Central. Authorised Capital: $10,000,000.

LONDON BANKERS: Wootminster 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.

WPHILIP=GOCKCHIN,

Chie) Manager.

FOREIGN EXCHANGE and, General Banking Bustness transacted;

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local.or Other Currencies at rates which will be quoled on application.

SAVINGS ACCOUNTS also opened m Local Currency and Sterling with in- tercat allowed at rates obtainable on application.

The Bank's Head Office in London undertakes Executor and Trustee busk ness, and claims recovery of Britain Income Tax overpali, 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 15, Gracechurch, Street, London, E.0.8.

#£3,000,000 Authorised Capital NETINK Subscribed Capital 1,000,000 Paid-up Capital ....... 1,050,000 Reserve Fund &. Rest MAIN 1,254,030

BANKERSALKKAR The Bank of England and Midland Bank, Ltd.

BRANCHES:

Kota Bhant, Shanghai,

Bongkok

Bombay

Kuantan

New York

Calcutta

Kandyadha

Pinang,

Colembo

stachi

Hangson.

Gallo Hong Kong Howrah Ipoh

Kuala Lunipi. Simula

Kuala Lipiede Bluguporo

Treugganu

MLA HONG KONG BRANCH L

Every description of Banking and Exchange business: transactou.",

TRUSTEE AND EXECUTORSHIP UNANG UNDERTAKEN, ARE BA CURRENT ACCOUNTS opened in Local Currency and FIXED DEPOSITS received in Local Currency & STER LING on terins that may be ascertained on application,

D. BENSON;

··Manager.