1941-09-04 — Page 13

[HONGKONG & SHANGHAI

BANKING CORPORATION,

Authorised Capital.. Issued and Fully Paid-up

Reserve Funds:-

Sterling"

Hong Kong Currency Re-

Berve

Reserve Liability

prietors

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

.£ 6,500,000

of Pro-

$10,000,000

$20,000,000

HEAD OFFICE: HONG KONG,

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

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

4.1. Bousfield, Esq..

Depton, Esq.,

1

T. J. Davien, Eng..

44, Miskin, Esq.

7

K, S. Morrison. Engg Hon. Mr. T, E. Pearof,

Hon. Mr. 8. H. Dodwoll, Hon. Mr. A. L, Shielda, Hon. Sir Vandeleur M. Grayburn,

Chief Manager.

BRANCHES:-

Amny

Ipoh

Hangkok Hatarin

Jahere

Rangoon Salgot

Kabe

louisy Calcutta Canton Chefoo Colombo

San Francisco # Shanghai

Kowloon Kuala Lumpur Singapore London Lyons

Mainera

Mistila

Sourabays

Bungel Patani Swalow Tientsia

Munr (Johore) Tahya Mukden

Dolcer

Foochow

Haiphong

New York

Pesping

Hankow korbin

CURRENT

Pebank

Tutuptoo Yokohama

Į

ACCOUNTS opened in Did you get

Local Currency and FIXED DEPOSITS that contract?-

received for One Year от shorter Yes.

periuds in Local and Other Currencies Are you quite sure that you on terms which will be quoted on had that contract before the application. birthday party?--I can't remem- i ber whether it was before or after.

Do you know if Miss Mimi Lau

This ought to be clear. Two knows him?-I do not, I do not weeks before the birthday party speak to Miss Lau, to avoid sus-you offered a tender to supply these picion.

goods?--I am not clear about it. What sort of suspicion?-She is in fact we do not care about a very good friend of Mr. Cheng. A.R.P. business.

What has that got to do with you?-There is no reason why I should become

acquainted with

But she is employed in your firm? I seldom see her on the premises.

You feel that if you became Miss Lau, Mr.

and wrap them in a handkerchiei į seems to have arisen regarding acquainted with

the propriety of an authorised Cheng would become suspicious?

to protect him from evil spirits. The money was handed to Fung who wrapped "then" up in the present of Mr. Wai, but substitut- ed paper. When he discovered this Mr. Wai informed the Police and acctised were arrested.

First defendant was fined $230 or two months' hard labour on the first count, and $50 or two weeks' on the second. A fine of $100 or six weeks' was imposed on second accused.

Detective Sergeant Bentley pro- secuted.

- V

unof-

bank quoting official and Bcial exchange rates at the summe time.

"The Hong Kong and Shanghai the Ranking Corporation kept to official rates while the other banks vacillated

changed policy.

und

their

"Naturally, if the Stabllisa- tion Board granted official ratea for a wide range of goods with the primary object of maintain- ing trade In those goods and prohibiting the Import of every- thing not of the official list, the position would be clear enough.i "However it can be stated very definitely that members of the Stabilisation Board have not

Yes, jealous.

Other Contracts?

In

SAFE DEPOSIT BOXES of various sizes To Let.

TRUSTEE and EXECUTOR business undertaken.

Hong Kong, 26th February, 1941.

HONG KONG SAVINGS

BANK.

contracts Why? have

The Business of the above Bank 1 hand worth $6,000,000 but all

conducted by the HONG KONG AND A.R.P. supplies since June fast SHANGHAI BANKING CORPORATION. year amounted to only $200,000. Rules may be obtained on application. You do not care for $200,000? I FOR THE HONG KONG AND -We have 4,000 workers.-

İSHANGHAI BANKING CORPORATION.

V. M. GRAYBURN.

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

Not Afraid

What do you mean by saying you do not care for A.R.P. bust-1 ness? -The

So we are

pur

A.R.P. Department chased from us helmets, shovels, After the birthday party in etc., made of mild steel which

no other

could April do you know whether your

manufacturer firm got any other contracts from produce.

not afraid the A.R.P. Department?-The only of having no buyers. time we dealt directly with the There were other firms A.R.P. Department was in con- offered tenders for the supply of nection with the contract

for shovels, pick-axes and crowbars. Dodwell's was one?-Many firms 3,000 steel helmets.

came to us for prices.

who

Did you get that contract before the birthday party or afterwards? Dodwell's also sent in a ten-

It was before, in July, 1940.

der? They also came to me for Since then you had no other, quotations. contracts? No.

Dodwell's sent a tender to Gov- Not even

through Government erriment to supply these goods? Stores? I received tenders issued! That is $0. Even if they yet by Government Stores to foreign succeeded, they would have

-

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 £3,000,000

£3,000,000

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

West End. Branchs-me 14/10, Cockspur Street, S.W.1. Manchester Branch:

52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

Hankow

from outside No. 128, Apliu Street studied the situation sufficiently to firms who in turn forwarded them come to me to supply the goods. Amritsar

BICYCLE THEFT

Charged with stealing a bicycle.

22, yesterday Mok Wah. sentenced to two weeks' hard labour by Mr. H. C. Macnamara at Kowleon this morning.

The owner located accused

was

on

the roof of No. 294, Kilung Street about to take the bicycle to pieces.

THE IDEAL RENDEZVOUS!

Mac's Cate

O

THE PLACE TO MEET and EAT

Table D'Hote Tiffin $1.75

GRILL SPECIALITIES A LA CARTE

QUICK SNACKS

\AIR-CONDITIONED

BUFFET BAR,,

TEA-TIME

FINE

PASTRIES & CAKES

DINNER

A La Carte Grill Specialities

HONG KONG HOTEL

be able to draw a dividing line between wanted and unwanted imports."

to me.

was

to

Alor Star

also Bangkok

Batavia Bombay Calento

Agencies:

Clive Streat

Seremban Shanghal

Singapore

Penang

Hong Kong

Rangoon

Iloilo

Saigon

Ipoh

Karachi King

Kaba

Sitiawan

Kuala Lumpue Sourabaya

Triping

Canton

Madras

Tientsin

Your firm quoted $2 each? Cawnporo

Cebu Yes.

contract?-Yes. Delhi the You got less 5 per cent.

Manila

Tongkah

Medan

(Bhuket)

Colombo

Balphong

New York

Telugtao

Priping

(Puking)

Yokchams

Jardine, Matheson Have you, whether through the one?--Yes. A.R.P. Department or Govern-- Did the Diaward Steel Works ment stores, obtained any other also send in a tender?--Yes. contracts for the A.R.P. Depart- Diaward's quoted $1.98 per ments?-Further contracts were pick-axe?--Yes. the result of tenders called for by Government stores.

The birthday party April, 1941?-Yes.

An Offer

was in

The Problem Pointing out that last week im- porters of newsprint, tobacco and so forth could not obtain exchange at official rates and if there had been no open market they would not have been able to obtain ex- change and trade would have ceased, and furthermore that public utility companies got no official rates for coal steamer On June 29, 1941 you offered charters "how gas and electricity to supply the A.R.P. Department can be provided without coal and with shovels,

pick-axes, - crow. without exchange to pay for the bars, etc. to the extent of $5,3837 coal does not appear to have been-Yes. taken into consideration by those To be supplied in five weeks? who adopt the attitude that the-Yes. open market is defeating the ob-

Witness

admitted a

Never mind! You got the con- tract? Yes, but after deducting 5 per cent. the price was $1.90 per pick-axe.

"They Came To Me"

B. J. Lacon and Company also offered to supply?-Same as the others, they also came to me. contract All the tenders were sent

in

Fairlie Place Kuching

FOREIGN EXCHANGE and General Banking Business transacted.

and

CURRENT ACCOUNTS opened FIXED DEPOSITS received for One Year or shorter periods in Local 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' obtainable 'où application.

The Bank's Head Office in London

jects of the Stabilisation Board" worth $70,000 negotiated with Mr. round about March 107-Yes. undertakes Executor and Trustee.busl- Anderson, Controller of Stores, The Chairman then informed ness, and claims recovery of Britain the publication urges:

and explained that the reason he Mr. Lam that his firm's books Income Tax overpaid, on terms which and. that may be ascertained at any of the dealt directly with Government were being audited Stores was because Mr. Ander- when this was completed he Agencies and Branches:-----

W. H. EVANS THOMAS, son told him that he would be would be required again. able to obtain payment quicker. The Inquiry was then adjourn-· He allowed Government 5% dis-ed to 10.30a.m. to-morrow in count.

the Puisne Judge's Court.

"An open market, operating side by side with the official market, is imperative and there is no osten- sible reason why exchange should not engage in both."

"Plain Speaking” Referring to the recent depar- ture from Shanghai to Hong Kong of Mr. Taylor, the American re presentative on the Stabilisation Board, and Mr. J. A. Mackay, of the National City Bank, and Mr.

The Chairman: Is' it not a fact that on June. 9, 1941, your firm notified Government: Stores that you would be able to supply shovels, pick-axes and crowbars to the extent of $5,383, in five

HORSE BOLTS, GOES UPSTAIRS

TWO

RUNAWAY

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. HORSES transacted.

Do you remember that on: June 3, 1941 you offered to supply 3,600 hurricans tamps at $1.15 each to the A.R.P. Depart- | CRASHED ~ INTO THE SHOP - Current Accounts and Savings ment?—Yes..

FRONT OF A LONDON BEAUTY | Accounts opened. Fixed Deposits And in fact, you did supply | PARLOUR AND THEN BECAME received at rates which will be these lamps?--Yes,

H. Y. Hopkins, of the Chartered weeks? I can't remember when, Bank, "Finance and Commerce" but we gave quotations. hopes the Shanghai banking "Te- presentatives will engage in "some plain speaking" in Hong Kong.

"There is no reason why Shang- hai should suffer in silence or why the Stabilisation Board, having bungled the job, should not be in formed of the fact,"

"Reuter.

V

LAD STEALS FROM PUNJABI

Not Directly

WEDGED IN THE DOOR...

One of the animals was so badly injured by its struggles that. it had to be destroyed.

So two months after the birth- day party you supplied the A.R.P. Department with these?-Even The other horse went up A 16-year-old Chinese was sen- then, it was done through Gov- stairs to the first landing. tenced to two months' hard labour crnment Stores and not directly. The shop is in Buckingham by Mr. H. C. Macnamara at Kow-with the A.R.P. Department. Palace Road, which was roped off loon this morning for stealing $29 Do you remember on April 30, for nearly an hour, mak from an Indian soldier yesterday, two weeks after the birthdayThe horse which

The lad stole the money from party, you offered to supply the soldier's pocket when the lat 15,000 shovels and 15,000 pick- ter was purchasing, food. Ho axes worth $72,000 to be sup- Dassed the money to another lad, plied to the ARP. Department? 'n brewer's dray when they took who escaped, "

went up stairs was eventually brought down again-backwarda. The horses had been drawing

Iright and Bolted.

quoted on application,

Safe Deposit Boxes for hire:

PHILIP GOCKCHIN,

Chief Manager,

The China Mail

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