1941-07-23 — Page 13

HONGKONG & SHANGHAI

BANKING CORPORATION.

Authorised Capital Issued and Fully Paid-up Reserve Funds :-

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

Sterling

.£ 6,500,000

Hong Kong Currency Re-

serve

Reserve

prietors

Liability of

Pro-

.$10,000,000

.$20,000,000

HEAD OFFICE) HONG KONG,

Amoy

Bateria

Oraton

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

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

0. Miskin, Esq., K. B. Morrison, Esq., Hon. Mr. T. E. Pearce,

BRANCHES;—

Ipob Jobors

Robo

Kowlood

Rangoon Saigon

Bed Francion Shanghai

Kuala Lumpm Singapore

London

Sourabaya

Bungel Patent

Swaloy

Lyone

Malacos

Manila

Tiontein

Muar (Jobars) Tokyo

Mukden

Thingtao

Yokohama

Fotping

Pausog

. Attention is drawn to the fact that increased prices force a de-1. A. Dovefleld, Esq., mand for increased wages and A. Compton, Esq.,

6. J. Davios, Bog.. this leads to progressive inflation on Mr. 8. H. Dodwell, Hou, Mr. A. L. Shields, An account of the pro- which is Impossible to check

Sir Vandelcur M. Grayburn gets beyond a certain

Chief Manager, and fighter sweeps over Northern France, hegress of negotiations with when it

stage. It is. therefore, of the first enemy Powers for the importance to check it at the be- said: "I wish you could see the Hun now as

exchange of badly wound- ginning. Front, once SO

Mr. Chancellor of the Exche- Bangkok I see him upon his Western

ed prisoners was sought quer, in his Budget speech suld: Bombay sure of himself and so arrogant.

He is appre-

in the House of Com- "I hope we may create the condi-Calcuti tions which will enable the wages Choo hensive now, all of a jump and never knows mons yesterday at ques- situation to be held about where Colombo

it now is. tion-time.

is clear that

the Dairen when and where the next attack is coming.

Foochow Haiphong Mr. Richard Law, Under-Secre- persistence of a tendency toward This relentless 'coming for him' tary for Foreign Affairs, said that rising wage rates which necessar-Hankow

ily Increases costs of production Barbie for repatriation by over his own aerodromes is hav- proposals

of the productive ing its effect. The man for man means of hospital or other suit-at every stage

CURRENT ACCOUNTS opened ascendency our pilots won last able ships were made last year by progress would compel the aban- donment of the stabilisation

Currency and Local

FIXED DEPO year is being added to daily. The the British Government, but were

policy,"

SITS received for One Year or shorter effect of all this on his morale not accepted by the Germun Gov-

The White Paper states: "It is periods in Local and Other Currencies will, of course, in the its cumula-ernment.

terms which will

quoted five effect, pave the way for his

regarded as the duty of both sides on in industry to consider together ¦ application. ultimate defeat, for when morale

SAFE DEPOSIT BOXES of various is broken victory is swift."

all possible means of preventing

TRUSTEE and EXECUTOR business undertaken.

Hong Kong, 28th February, 1941.

HONG KONG SAVINGS BANK.

GERMAN STORIES OF RAIDS

"IN WATERS AROUND ENG- LAND GERMAN

SCORED DIRECT

BOMBERS

HITS

ON

TWO LARGE FREIGHTERS OTHERS ATTACKED HARBOUR SOUTH-

INSTALLATIONS IN

EAST ENGLAND," SAYS A GER- MAN COMMUNIQUE,

"In the Suez Canal bombs of all! calibres were dropped on mulitasy installationS.

Puemy

"In attempted

sweeps over the Channel coast six But fighters German fighters.

were

The Group Captain said these swtops

not

few are

Just a with a squadron or bombers two of fighters making tip-and- run raids on any old factory in France, or hoping for a chance encounter with enemy fighters.

Cheers From Below

"If you could hear the cheers that go up daily from towns, villages and the fields of Kent, if you could see our bombers escort- d by squadrons upon squadrons, wing upon wing of our fighters pass overhead. you would know

the

made

an

hady process.

18

tlotio

A counter-proposal for repatria- tion from neutral countries by ambulance aircraft had, however, revently been received from Ber-a rise in costs of production and sizes To Let.

so obviate the rise of prices which lin.

Whilo, for practical reasons. is the Initial step in the inflation-

British Government

The use of the experience and been unable to accept it in the form in which it had been made, knowledge of the workpeople they had

alternative not less necessary than the appli- suggestion which they hoped cation of managerial training" and the maintenance would be acceptable to the Ger- experience, and

of wages and employers remunera- man Government. Meanwhile, the governments oftion at a reasonable level should those neutral countries with whose be achieved as far as possible by cooperation į? was hoped that the improvement in the efficiency of scheme could be put into effecturoduction by the joint efforts of

employers and workpeople. were being approached.

At the same time, there may. consistently with these considera- tions, be proper grounds for an of wages in certain

Italian Discussions brought down by

Now York

be

悟

on

The Business of the above Bank 18 conducted by the HONG KONG AND

SHANGHAI BANKING CORPORATION,

THE FOR

HONG KONC AND Rules may be obtained on application. SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter, 1853.

Negotiations with italy were not adjustment "British bombers dropped high that these daily offensive opera-necessarily so far advanced as in cases, particularly among compar- of Germany in view of atively lowpaid grades and cate- explosive and incendiary bombe tions were not mere tip-and-run the case

the fact that no large numbers of gories of workers, or for adjust- at vario places in south-west raids."

owing to changes in the prisoners were in question until ment Germany ki ling and wounding

The R.A.F. had one aim apart this year.

form. method or volume of pro- It riviliaus.

was mostly

Paid-up Capital some

duction. Mr. war mashing Germany's

Medical commissions, said and from were damaged houses that

It is the traditional and wellReserye Fund destroyed

shor industries, and that was to bring Law, should soon be functioning A.A. artillery

prietors German air force to action. in Italy. the Middle East and In- tried practice of the principal in- Reserve Liability of Pro- attacking bomber." - one

The more they could lessen Ger- dia, with a view to selecting those dustries to regulate wages through many's power and will to pro-entitled to repatriation. Mean- their joint voluntary secute the war. the less would while, the means by which repa- become the weight of the German triation would be effected were offensive against Russia.

under discussion.-Reuter,

down Reuter

EFFECT OF U.S. BLACK LIST

Asked whether he thought the

of 1800 firms black-listing individuals in Latin America

the

Where Nazis Failed

What the Germans found un- profitable to do over the air last year against England, the R.A.F. are now doing daily. Sometimes!

and three tims a day. twice and fighters

the heaviest escorted by British bombers to targets fur- France than the United States prevented further into occupied ther danger of German infiltra- London is from the coast. Many tion, President Roosevelt said he of the British fighter pilots on

the offensives are would not go so far as to say that these

who had fought all and then answered

voungsters through. Reuter.

word: Maybe.

with

the

He said he knew of no pending action by the administration to

hundred

same

get the Mexican Government and tion regarding the possibility that oil tankers on the ano her together oil companies Issue of the expropriated oilfields. would be transferred to Britain.

-Reuter. He also said he had no informa-

Wednesday Thursday

Friday

July

23, 24, 25

25% and 332%

DISCOUNT ON A LIMITED NUMBER OF DAY AND EVENING DRESSES, HATS AND BAGS

MAIZEE'S, Ltd.

ALEXANDRA” BUILDING

LOCAL SHARES

H.K. GOVT. LOANS 4% Loan 97% b. 3% Loan (1934) 94 b. 3% Loan (1940) 94 b.

BANKS

Bank of East Asia $741⁄2 b.

INSURANCES

Canton Ins. $225 b.

Union Ins. $440 b. H.K. Fire Ins. $185 b. DOCKS, WHARVES, GODOWNS,

ETC.

H.K. and K. Wharves $90 b. Providents $5.90 sa.

LANDS. HOTEL & BLOGS, H.K. and S. Hote's $3.40 b.

$3.00 s.

H.K. Lands $35 b., $35 s. Chinese Estates $101 b.

PUBLIC UTILITIES

H.K. Tramways $174 b., $17.40

S.

China Lights (Old) $6 b., $6.10

S.

for wage negotiation,

machinery

The policy of the government. therefore, is to avoid modification of the machinery for wage nego

to continue to leave tiations and the various voluntary organisa- tions and wage tribunals free to reach their decisions in accor- dance with their estimate of the relevant facts.-British Wireless.

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital Reserve

Profits

and Undivided

£3.000.000 £3,000,000

£3,000,000

HEAD OFFICE: LONDON: 38, Bishopsgate, E.C.2. 117/122, Leadenhall Street, E.C3. West End Branch:

* 14/10, Cockspur Strect, &W.1

Manchester Branchi 12, Mudley Street, Manchester,

AGENCIES AND BRANCHES:

Bokn Hong Kong

Alor Star

Penang

Beegood

Balgon

Beremban

Amritsar

Bangkoa

Dailo

Batram

1pob

Bombay

Karachi

· Loangbes

Calcutte

Blang

Singapor

Agencies:

Robe

Kitiawan

Clive Street Kuala Lumpur Surabaya

Talplus

Madras

Tientaln

Manila

Tongkab

Medna

(Bhuket)

Yew York

Tsingtao

Peipia

Закодата

(Peking)

Parilo Fince Kuching Canton -$10,000,000.00 | Cowupore.

5.598,500.00 Ceba

Colombo Delbi 2,933,261.00 Haiphong

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

Hon.

BOARD OF DIRECTORS:-

ل ہوئے

FOREIGN EXCHANGE and Genera) Banking Business transacted.

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

Sir Shou-son Chow, Chairman' Li Koon Chum, Esq., P. K. Kwok, Esq. Wong Yun Tong. Esq., Li Lan Sang.be quoted on application. Esq., Wong Chu Son, Esq. and Fung Ping Wah, Esq.

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

་

Seattle Samarang

BRANCHES AND AGENCIES:-

Mantin Melbourne Saganaki New York

Pelping Penang

H.K. Electrics Ex. Rts, $22 b. HK. Electrics (New) $21 b. H.K. Electrics Rights $11

$114 S.

b.,

mov Belavia Bombay Calcutta

Vale Halt hong

INDUSTRIALS

Canton Ices $1 sa. Cements $14 b., $154 5.

STORES, &c. Watsons $10% b., $11 8., $10%

52.

Wm. Powell; $11⁄2 b.

•

LAST DAY'S SALES 4,000 Providents @ $5.90 165 Canton Ices @ $1 500 Watsons @ $10%

CZECH MINISTER TO MOSCOW

'Reuter's diplomatic correspon- dent learns that. Zdenck Fierlin-L ter, former Czechoslovak Minister in Moscow. has been appolhted to represent Czechoslovakia in the Soviet Union as result of the agreement by which relations be- tween the two countries are. re- sumed,

M. Flerlinter, who is now In London,, will shortly leave før Moscow.Reuter.

Hankow Honolulu Kobe

Kowloon Loudon

Parta

• Rangoon

Balgo

Sua Francin

ranghel Singapore Sourabaya Swatow

Sydney

Tientalo

Vancouver

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

The Bank's Head Office in London undertakes Executor and Trustee busi- ness, and claims recovery of Britain Income Tax overpal, 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:

£3,000,000

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

15, Gracechurch Street, London, E.C.B. Current Accounts opened in Local Authorlaed Capital Currenty and Fixed Deposits received Subscribed Capital ter one year or shorter periods in Local Paid-up Capital. and Foreign Currencies on terms Reserve Fund & Rest which will be quoted on appileation."

'Safe Deposit Boxes. To Let

·KAN TONG PO,

"Chief Manager,

--- BANKERS:

1,000,000 1,050,000

234,039

The Bank of England and-Midland.

THE WING ON BANK, LIMITED.

Bangkok.

Bombay

Galoutta Colerabo

| Delhi Galle

Hoog Hong Howrah

Bank, Ltd.

BRANCHES:

Jaffum, Madras

Kuantan

Kändy

Karachi?

New York Penang

Kota Bharu Thonghai

Kuala Lumpur Birla Kuala Lipis,Bingapore Kuala

Чтобивной

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

LONDON BANKERS— Westminster Bank, Ltd.

· HONG KONG BRANCH Every description of Banking and Foreign Exchange and every description of, banking business Exchange business transactod transacted.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN ARAU Current Accounts and Savings

CURRENT ACCOUNTS operied In. Accounts opened. Fixed Deposits Local Currency and FIXED DEPOSITS received at rates which will be received in Local Currency & STER quoted on application,

LING on terme that may be ascertained: Safe Deposit Boxes for hire, ion application.

D. BENSON WHEN PHILIP GOCKCHIN,

Chief Mangger.