HONGKONG DAILY PRESS
-BANKS
HONGKONG AND
SHANGHAI BANKING
CORPORATION
Authorised Capital,
........$50,000,000|
THE CHARTERED
BANK OF INDIA,
AUSTRALIA &
CHINA
lasued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858 Reserve Funds:
Sterling
.....£6,500,000 HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability "of
Proprietors
FINANCE
BANKING STATISTICS
OF CANADA
Epitome Of The General Business Situation
Curs may well be called a Statistical age. There are few phases of economic activity which are not analysed, tabulated and preserved in charts or graphs. Canada is particularly well 38. Bishopsgate E.C.2.
served in this respect and Canadian Government stailities and statisticlans are world famous. But much of this material in so $20,000,000 Paid-up Capital ......... £3,000,000
or valuable detalled and specific that it is really interesting £3,000,000 Reserve Fund
only to the specialist and student, Sometimes the layman or the. Reserve Liability of Pro-
business man must wish that the number of statistical series £3,000,000 prietors....
would diminish rather than Inercase, or that there were some clue which might guide him through the labyrinth, Perhaps the clue he is looking for exists in the statistics of the base factor in modern economic money and credit.
Head Office:--HONG KONG
Board of Directors.
T. E. Pearce, Esq., Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. K. Bousfield, Esq.,
A. H. Compton, Eng.,
:
Hon. Mr. S. H. Dödwell,
W. H. Lock, Esq.
G. Miskin, Esq..
K. S. Morrison, Esq...
Hon. Mr. A. L. Shields,
EL. V. Wilkinson, Esq..
Sir Vandeleur M. Grayburn,
MANCHESTER BRANCH: 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES: ALOR STAR AMRITSAR
BANGKOK
BATAVIA
BOMBAY CALCUTTA
CANTON
CAWEPORE
Chief Manager CKBU
Branches:
Amoy
Ipoh
l'enang
Bangkok
Johore
Rangoon
Saigon
Bombay
Kowloon
San
Calcutta
Kuala
Batavia Kobe
Canton
Chefoo
Colomba
Francisco Lunpur Shanghai London" Singapore Lyons Sourabaya Daireri Maiacen Sungei Foochow Manila Patani
Ewatcw Haiphong Muar Hamburg (Johore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao
Yokohama Hongkes Paiping Iloilo
!!
Current Accounts opened In Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let.
Hong Kong. 7th October, 1938. HONGKONG SAVINGS
BANK
The Business of the above Bank
is conducted by the HONG KONG
COLOMA
DILHI
KAIPHONG
HAMBURG
HANKOW HARRIN
=
HONG KONG PENANG ILOILO
RANGOON
ІРОН
BALGON KARACHI SEREMBAN KLANG
SHANGHAI KODE
SINGAPOR KUALA
SITIAWAN
LUMPCR
KUCHING
ВОПЕДПАТА
TAIPING
MADRAS
MANILA
MEDAN
- TIENTSIK/ TUNGKAH
(Bhuket)
NEW YORK TEINCTIO PEIPINO ̧¡. YOKOHAMA,
(Peking)
HAINAN ISLAND RICE SHORTAGE
Petition Sent To Government
HAINAN ISLAND. Jan, 30 (Int/1) -The various districts in Hainan Island are experiencing an bcute shortage of rice as the result of the two devastating storms during the autumn. The searcity of this staple food is particularly severe at Holhow. The price has jumped from $1.40 per ten cattles to $2.30, and there is a tendency to continue its upward trend.
To relieve the rice famine, the chairman of the Chambér of Com- merce at Holhow sent a petition to the Central Government requesting the Finance Ministry to allow to import 100,000 plents of rice from Slam and Indo-China duty free,
FUKIEN-KIANGSI TRADE
71
designed for the exchange of im- portant products of the two provin ces, has just been concluded. be- tween the two provincial author- ties.
isolated that money, No business is small, no individual so credit or banks do not exert some influence. Credit, in one form or another, underlies all business transactions. Banking statistics. therefore, are an epitome of the general business situation and, since a central bank is the keystone of the financial structure, its reports may be considered as the basle financial statistics, The Bank of Canada has, as its The second publication of the primary functions, "to regulate Bank of
Canada is its Monthly credit and currency in the best in-Statistical Summary. By the very 'FOOCHOW, Jan. 30 (Central)— terest of the economic life of the nature of its function in relation An Inter-provincial trade agree nation and to control and protect to banking and finance, a centralment between Fuklen and Klangs!, the external value of the national bank is limited in the comments monetary unit." Its operations in which it may publish in regard to performing these functions are re-the current situation. The Statis- lected", in its weekly statement. cal Summary of the Bank of which is not only its balance sheet Canada, therefore, follows that of FOREIGN EXCHANGE and General but a presentation of certain basic the Bank of England and presents
Chief among the products which Banking Business transacted.
CURRENT ACCOUNTS opened and factor in the country's Anuncial its material in the form of charts will go to Fukien from Klangat will FIXED DEPOSIT received for "One
and statistical tables, without odi-be rice, while Kiangsi will be bene- Year or shorter periods at rates
Itorial comment
fitted by levy-free paper, sugar, which will be quoted an application.
The financial and economic post-dried bamboo-shoots, fruits and tea The Bank' Head Office in In considering the items in "this
from Fukien. London undertakes Executor and statement. there are certain con-on of the country is also presen- Trustee business, and claim siderations which must be kept in bed-prices and yields of govern- covery of British Income Tax overpaid, on terms which may be Acertained at any of the Agencies and, Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
13, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STRENT,
NEW YORK.
American Bank offering om plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application,
A SHANGHAI BANKING COR-An PORATION. Rules may be ob
tained on application.
For the HONG KONG & SHANGHAI 'BANKING CORPORATION,
V. M. Grayburn.
Chief Mangper. Hong Kong, 7th October, 1938.
BANK OF EAST ASIA, LIMITED.
||
Authorised Capital $10,000,000.00, Paid-up Capital"........ 5,598,600.00 Reserve and Undivided
Preats 2,776,796.76
Head Offer:-HONG KONG No. 10, Des Voeux Road, Central.
Board of Directora:
Sir Showin Chow; Chainzude
SAFE DEPOSIT BOXES
This Bank is entirely owned by TER CHASE NATIONAL BANK, New York, with Resources over U.S. 82,500,000,000.
D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ́AS AN INTERNATIONAL EXCHANGE BANK
position
RESERVE HULDINGS
Bui
securities, Dominicm ment provincial anances and bond is- sues, international purchases and sales of Canadian securities, stock exchange transactions, foreign ex- change sales, industrial activity. wholesale prices, agricultural sta. stics, employment, cost of living and all the other virled phases of Canadian economic life.
mind. Paid up capital, under the 1938 amendment to the Bank of Canada Act, is now wholly owned by the Dominion GovernmenŹ, Notes in circulation are held both by the public for its ordinary out- of-pocket transactions and by the chartered banks as till money and part of their legal reserves. The remainder of the chartered banks cash reserves are shown in their VALUABLE COMPILATION deposits with the Bank of Canada While the greater part of the and these two items, banks' cash materal published each month is and deposits, provide, in practice, based on original studies prepared the, immediate base of the country. by the Bank of Canada itself, some The chartered banks are required of the material is drawn from to Hold fve Der cent.
of of publications
the Dominion their reserves in these forms, but Bureau of Statistics and other in practice they usually hold government departments. Thus it double
the legal requirements. provides a valuable and convenient Fluctuations Ih the amount of compilation of material from many Bank of Canada notes outstanding fields, presented from the financial at present represent two factors: and. credit point of view. The bul- ordinary seasonal or cyclical fluc-letin has had an appreciative re- tuations and a gradual increase as ception but an even wider circula- these notes replace the chartered Ition and study of such authorl- banks' own notes as circulating tative material would be of im- medium. By 1941, chantered bank mense advantage, to business gen- notes in circulation will be only erally. one-quarter the amount current be- fore the establishment of the Bark | of Canada, other requirements be- ing satisfied by notes of the Bank of Canada.
SINGAPORE'S FREE PORT POLICY
On the credit side of the account. the first item is gold holdings. The Bank of Canada now maintains the country's gold reserves, having Support for Sir John Barlow's taken over the holdings of both recent
of Singa- condemnation the government and the chartered pore's free port policy is forth- banks at the time of its establish- | coming from Mr. H. S. Russell,
the Bank of Canada's reserves are Sime. Darby and Co. Ltd. in the ment. Another important part of chairman of directors of Messrs.
held in tesling and U. S. dollars. course of an interview with the The other important part of the "Malaya Tribune" prior to Mr. Rus- Bank of Canada's weekly state-sell's retirement from the Colony. Mr. Russell, who has been in ment is its investments in Domin-
and Provincial Government Malaya for 28 years. left Singa securities. It may be said that, un-pore in the Potsdam, on Jan. 18. de: the present Anancial system. He will join the board of directors fluctuations in this item reflect of Messrs. Shaw, Darby and Co. most clearly movements in the Ltd., London agents to the Singa- Bank's credit structure.
pore firm....
Li Eon Chua, Ban đi Ta Sara Roq. P. X. Kank, B., WingChuSon, Esq. Wong Yun Tong, Eng. Kati Ying Pu, Esq. ChanChingShek, Esq. FungPing Wa FPAID-UP CAPITAL 840,000,000.00
(BRANCHES ALL OVER CHINA) Kan Toug Po. Esq., Chisf Managor. Li The Foug, Esq., Manager.
Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for lon Domestic and Foreign Banking and Exchange.
Branches and Agancias :---
Kowloom
Londoc
Amoy
Bateria
Bombay
Manila
Ülen
. Melbourne
Capten
Hphong
Hanhow
Honolulu
· Kobe
New York
Unak
Paris
Bangoon
Salom
Ben Fran
Go
Gratule
Semarang
Shanghai
Priping Singaparu
Mad
Sourabaya -ЯTALOW Fydne
Tien
Tokyo Vancouver
Every description of Banking
Head Office: SHANGHAI
14
Hong Tong Branch:
Yokohama
4. QUEEN'S ROAD, C. South China Offices:
KONGMOON TOISHAN SHIUCHOW KINGCHOW
and Exchange business transacted, CANTON Loans granted од approved SWATOW. securities.
Current Accounts opened in Local We also handle the issue of
CONSIGNEES' NOTICES CONSIGNEES' NOTICES
Currency and Fixed Deposits re- Bonda and other Public Funds of SERVICES CONTRACTUELS DES ceived for оде year or shorter the Chinese Government both at periods in Local and Foreign Cur Home and Abroad.
rencies on terms which will be
quoted on application.
Safe Deposit Boxes To Let.
KAN TONG PO.
Chief Manager.
SHOU J. CHEN,
Manager
HAMBURG-AMERIKA LINIE
Far Eastern Mall, Passenger & Freight Service Through bookings to América via Europe and Europe sia America. Bookings around the world. Through bookings to London.
OUTWARD SAILINGS
m.v. "RREINLAND... for Shui,, Dairen, Tsingtao, Yhams,
Kobe.........
2nd Feb. *m.v. "BURGENLAND"...for Shanghai, Dairen, Taku,"
Yokohama, Koba.
10th Feb. 5. "OLDENBURG" ...for Bhanghai, Dairen, Taku,
Tsingtao, Ybama, Kobe... 27th Fer. HOMEWARD SAILINGS
k
*m,v, “ LEVERKUSEN” for 'Genos, R'dam,, Hamburg
R
8th Feb.
B. RHEINI AND" for Cenas, Antwerp, R'dam, B'horg 4th Mar. R.V." BURGENLAND" for Genoa, R'dam, Hamburg... 21st Mar. Fraighter with Passenger Accommodation,
For further particulars and passage fares, etc. apply to:- HAMBURG-AMERIKA LINIE
JEBSEN & CO. AGITA.
12, Pedder Street, Tel. 812058.
CANTON AGENTS: DARLOWITZ & CO., Shakes Road
MESSAGERIES MARITIMES
CONSIGNEE NOTICE.
8.8. FELIX ROUSSEL
5′′A/39,
BRINGING CARGO Frox MARSEILLES via SAIGON, etc.
ARRIVED HONG KONG or TUESDAY, THE 24TH JAN. 1939,
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO, LTD.
AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
CONSIGNEES per Co.'s Vessel
"PATROCLUS"
FROM UNITED KINGDOM VIA SINGAPORE
are hereby notified that their Cargo will be discharged into Holf's Wharf, Kowloon, where it will be at Consignees risk and subject to Terms and Conditions of Storage at ONSIGNEES are hereby informed Holt's Whart The Cargo will be that their goods with the exception ready for Delivery bom Godown on of Opium, Treasure and Valuable me and after 30th Jan. being landed & stored into the Godowns
Optional Cargo will not be landed
of the Hong Kong, Kowloon Wharf here, unless Notice has been given prier & Gordown Co., Ltd, Kowloon, whence to Vessel's arrival, but carried on from delivery may
be obtained immediately port to port to the fal port of cali after landing.
to which the option extends.
All claims must be sent in to me on All broken, chafed and damaged foods or before the 3rd Feb., 1989, or are to be left in the Godowns, where they they will not be recognized.
will be examined on any Tuesdays and Damaged Packages will be examined Fridays between the hours of 10.45 a by the Company'e Burveyor, Meat and Noow within the Tre Storage period. Goddard & Douglas in the presence of No Claims will be admitted after the the Consignges at 10.00 am, on Mon- Goods have left the Vessel's Godown and all Goods remaining undelivered day, the 20th Jan, 1929.
Bonsignees must have * Reveure after the 6th Feb, will be subject to Officer in attendance when any dutisble goods are examined by the Company's All Claims against the Vessel murt Surveyora.
A
be presented to the Undersigned on or
No Fire insurance will be effected by before the 29th Feb, or they will noi na in any case whatever.
be recognised,
No Fire Insurance will be affected.
BUTTERFIELD & SWIRE,
Agents.
BOBL
Hong Kong, 34th Jan, 1989,
Mågent,
[72 29th January 1939,
ECONOMIC TALKS
BERLIN, Jan. 29 (Reuter)—The Czech Minister of Commerce is ex- pected here next week for an im-
portant series of economic talks.
It is understood that the main question to be considered is the problem of ending competition be- tween the Czech and Sudeten in- dustries,
Trade talks are also in progress between Germany and Russia, but it is strongly emphasised that only formalities are concerned, and that no extensive reduction or altern- tion in the present agreement is contemplated.
!!
CONSIGNEES' NOTICES
NOTICE TO CONSIGNEES
AMERICAN & ORIENTAL
LINE
FROM
BALTIMORE, NEW YORK, NEW- PORT NEW8, LOS ANGE ES & SAN FRANCISCO.
HE M.V.
THE "ESKBANK"
having arrived, consignees of cargo.by her re informed that all goods are being landed at their risks into the extra-hazardous bazardous and/or godowns of the Hongkong & Kowloon Wharf & Godown Co., Ltd. wbenen delivery may be obtaised.
No claims will be admitted after the goods have left the gedowns and all goods remaining undelivered after 8th Feb., 1939, will be subject to rent.
All claims against the vessel must be presented to the undersigned on or before 18th Feb, 1830, or they will not be recognized
All broken, chafed and damaged goods must be left in the godown, where they will be examined by the steater's surveyor on..the 8th Feb., 1989, at
.10 a.m.
No Fire larance has been effected. Bills of Lading will be countersigned by THE BANK LINE (CHINA) LTD.,
Agents.
[66 Hong Kong, 30th Jan., 1839.
MATREK LINK
NOTICE TO CONSIGNE**
THE MV.
TE
be
"GRETE, MAERSK * having arrived, from New York and Ports of call, Consigness of Gargo are hereby notified that their Goods are being landed and placed at their risk into the Hong Kong and Kowloon Whard and Godown Company's godown at Kowloon, whore delivery may obtained as soon as the Goods are lazdei. Optional Cargo will not be anded here, unless Notice has been given 48 hours prior to vessel's arrival, bat carried on from port to port to the final pest of call to which the option extends.
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 6th Feb., 1839, will be subject to Bent.
*and
All broken, chafed, damaged Goods are to be left in the Godowns, where they will be examined on 4th Feb., 1989, at 10 th by our Surveyor Capt. Walter C. Weston,
To comply with the General Bended Warehouse Regulations, consignees must have Revenue Officer in attendance when demseed dutiable goods are examined
All claims must reach us before the 6th May, 1989, or they will not be recognised.
No Inrasace will be affected. Bills of Lading will be countersigned by
JERSEN & 00
Agert
[87 Hong Kong, 30th Jan, 1939,
[86
TUESDAY, JANUARY 31, 1939.-PAGE 13
PRESIDENT LINER
Sailings
SAN FRANCISCO AND LOS ANGELES
VIA KOBE, YOKOHAMA AND HONOLULU
*S.8. "PRESIDENT COOLIDGE " S.S. PRESIDENT TAFT "
Sails Feb. 11th at 8,00 A.M.
10
'Feb. 25th at 400 P.M.
8.5. "PRESIDENT CLEVELAND " 8.8. "PRESIDENT PIERCE"
*
Mar. 11th at 4.00 P.M.
>
Mar, 15th at 4.00 P.M.
• CALLS AT SHANGHAI
I
NEW YORK AND BOSTON VIA SUEZ
S.S." PRESIDENT HAYES " S.S." PRESIDENT POLK” 5.8.“ PRESIDENT GARFIELD" 8.8. PRESIDENT MONROE "
Sails Fob. 3rd at 12-Nook
Feb. 17th at 11-Noo
[]
Mar 17th at 19--Noo Mar. 31st at 12-Noor
MANILA
S.6. "PRESIDENT COOLIDGE" S.S. PRESIDENT HAYES " 8.8 "PRESIDENT POLK" S.S" PRESIDENT TAFT"
Sails
Feb. 3rd at 9,00 P.M. "Fab. 3rd at 19-Noor Fob. 17th at 12-Noor Feb. 18th at 6,00 P.M.
AMERICAN PRESIDENT LINES, LTD.
ROUND, WORLD SERVICES
TEL. 28171.
12, PEDDER ST.
CHINA
VISIT BALI AND JAVA
Special Excursion Fares On Application
SAILINGSTM
TO MANILA. BALI, MAKASSAR AND SOERABAIA :--
m.s. “TJINEGARA"
7th Feb.
TO BATAVIA (DIRECT)----- 5.5. "TJISALAK" 31st Jan.
TO AMOY & SHANGHAI -
m.s. "TJISADANE' 14/15th Feb.
For Freight & Passage Bates `AppẨY :
CANTON--Javi-China-Japan läne MAÇÃO-EL Nolasco da Aliva HONGKONG--Phona "28035
MODERN
LIJN EXPRESS SERVICE
BURNS PHILP LINE
Passenger & Freight Service To
AUSTRALIA
M.V.
'NEPTUNA'
Wednesday, 8th FEB.
sailing MIDNIGHT
Saturday, 11th FEB:
Tor
SAIGON, MADANG,
SALAMAUA,
RABAUL,
·SYDNEY AND: MELBOURNE.
Excellent passenger accommodation with a large number of single cabins at po supplement. Built-in Swimming Bath and Spacious Sports Deck.
First Class to Sydney:
Single-£47.30.04. Return- £76.0.88.
Fassenger, & Freight Agents --- GIBB, LIVINGSTON & CO., LTD. Telephone No. 28031.
P. & O, Building
No comments yet.
Private notes are available after approval.