1932-05-24 — Page 11

*

新旗昌洋行元

THE PHOENIX CHOP

OSREWAN, TOMES & CO.

THE HONGKONG TELEGRAPIL TUESDAY, MAY 24, 1932.

FOR QUALITY

Hongkong & South China Representatives for the following British manufacturers.

BRITISH INSULATED CABLES, LTD.

Helsby & Prescot.

VERITYS, LIMITED.

Birmingham.

EVANS & CO., LTD.

London,

LANDIS & CYR, LTD.

London.

TANGYES, LIMITED

Birmingham.

ASSOCIATED BRITISH MACHINE

TOOLMAKERS, LTD.

London.

WINCETS, LIMITED

Warwick.

ANDERSON, GRICE & CO., LTD. Carnoustic-Scotland.

INDIAN STANDARD CARRIAGE &

WAGON CO., LTD.

Calcutta.

BRUNTONS, LIMITED

Musselburgh.

MOFFATS, LIMITED

Weston, Ontario,

Wires, cables and all Electrical Specialties.

Electric Fans & Motors, Dynamos switchgear, Maxlume fitting. Lifts.

Wattmeters.

Oil Engines, Pumps

Hydraulic Machinery, etc.

Machine Tools, Sawmill machinery, Heat treatment, furnaces.

Concrete & Road making Machinery of all description.

Stone Working Machinery. Saws, polishing beds, cranes, etc. Railway Materials, under-frames, etc.

Steel wire ropes for all purposes.

The all Electric Cooker Specialists.

Domestic Refrigerators & Vacuum

Beltings for all purposes, conveyors and transmission. Anything in aluminium.

BUT DER cleaners.

ELECTROLUX, LIMITED

London,

W. T. LAMBOURNE & CO.

London.

A

ALUMINIUM (V), LTD.

Montreal.

SHERINGHAM DAYLIGHT CO. (1930), LTD.

Slough, (England).

BRITISH BELTING & ASBESTOS CO.

London.

BITULAC, LTD.

Newcastle-On-Tyne.

ASSOCIATED LEAD MANUFACTURERS

EXPORT CO., LTD.

London.

STRATHCLYDE PAINT CO., LTD.

Glasgow.

ANDREW YULE & CO., LTD.

Calcutta.

TATA IRON & STEEL CO., LTD.

Calcutta.

"ITALIT" PRODUCTS, LTD.

London.

SINGAPORE RUBBER WORKS. LTD.

Singapore.

ANGLO-SIAM CORPORATION, LTD.

London.

HARRIS & SHELDON, LTD.

London.

CHANCE BROS, & CO., LTD.

Birmingham,

T. & R. BOOTE. LTD.

Burslem.

Wm. NEWMAN & SONS, LTD.

Birmingham.

ANGLO-CANADIAN LEATHER CO.

Huntsville, Ontario.

NOSKE BROS. PTY. LTD.

Melbourne.

MANGROVITE BELTING, LTD.

Sydney.

SCOTT & BOWNE, LTD.

London.

M. MYERS

London.

London,

MITCHELL COTTS & Co.

Light Rectifying. Reflectors.

Brake Linings & Asbestos sheets packing, etc.

Bituminous Paints...

Red & White Lead, Sheet Lead, Lead Pipes, etc.

Paints.

Oils, etc.

Pig Iron, etc.

Asbestos-Cement Sheets & Pipes.

Rubber goods tiling for floors.

Timber, etc.

Steel Partitions, Vaults, Shelving, etc.

Calorex Glass.

Wall & Floor Tiles.

Builders Hardware,

Sole Leather.

Flour.

Sole Leather.

Scott's Emulsion.

Ivory.

Natal Coal..

For any line in

GENERAL IMPORTS, ENGINEERING & BUILDING SUPPLIES

CONSULT

SHEWAN, TOMES

ST. GEORGE'S BUILDING.

HONG KONG

Telephone 27781. ̧.

& CO.,

SHAMEEN.

CANTON. Telephone 10937.

Statca.

A TORCH IN THE GLOOM machines have grown so swiftly.

and hugoly, the various are moving towards economic mer- gers., America has long been a grant free trade aren containing

(Continued from Page 7.),

BANKS.

BANKING CORPORATION.

Authorleed Capligt *****

ing exchange, ends with a surplus, forty-eight States. A free trade sterling strong, the trade outlook area is projected for the Danu-THE CHARTERED BANK OF HONGKONG AND SHANGHAI much improved, unemployment plan States. England at last is INDIA, AUSTRALIA & CHINA. substantially reduced, foreign taking the logleal course of con- balances pouring in us the constructing a bigger economic nye- viction grows that Britain in the tem of her own by bringing the empire safest country to-day and Bri-component parts of the tain's politleaf and financial pre-into closer economic co-opera-s Fand stige standing higher in the world tion.

Д

men

Herve Funda→→→

Inmed and fully Paid-up

+

48,400,000 2,000,000

RANGOON SAIGON

Sterling

Altver

.$80,000,000

20,000,000

£9,500,000 - ..$10,000,000

Reserva Llablility of Proprietom,820,000,000

HIRAD OPTICH, HONGKONG.

BOARD OF DIRECTORS,

Hon. Mr. J. J. Paterson, Chabrosam,

T. E Pearce Zag.. Deputy Chaleman.

Hon. Mr. W. ET, Ball 2. & Plummer, Bes

SITIAWAN A. II. Compton, Erg, T. ii. . Shaw, Tas

X. T. Johnson, Ess. J. P. Watron, Ing.

IF ON KARACIN KLANG KOJE

BEMARANG

BEREMBAN

KUALA

BHANGHAI

KANGSAR

BINGAPURE

KUALA

LUMPUR

BOURABAYA

KUCHING

ΤΑΙΡΙΝΟ

MADRAS

MANILA

THIENTSIN TONGKAH

MEDAN

(Bhuket)

NEW YORK

PEPING

TSINGTAO YOKOHAMA

(Poking

ZAMBOANGA

AMOX BANGKOK

a Wikia, B

V. M. GRAYBURN E,

Incorporated by Royal Charter 1853.

KISAD OFFICE:—LONDON, Taid-Up Capital

Reserve Limblifir of Propreltors.. $,090,000 than they have stood at any time. T Ottawa one of the possibilities AGENCIES AND DRANCHEA during the Inst decade.

PENANG Is the creation of an Em-ALOR STAR ILOILO What does the world

ANSITSAR think pire sterling currency system. In

DANGKOL It is instructive to observe any case now?

something eventually DATAVIA what Mr. Walter Lippmann, one has to be done about the pound, DoMNAY of the moat distinguished and Sterling is wonderfully stable. CALCUTTA balanced publiclata in America, (The proper way to measure the CANTON wrote in the New York Hernid Tri-stability of sterling is to relato CAWNFORE bune on his return from à tour of it to its general purchasing pow. OEDD

COLAMBO the chief European centres: er, and not, as the sensational

DELM "To come to London to-day after popular Press does, to the rallo HAIPHONG visiting the Continent is to find between it and gold-standard cur- HAMBURG Loneself in

in the different mental rencies; variations

EX= | HANKOW world, The mood of the Contin- change being due partly to shifts HARDIN ent, it has seemed to me, was ea in the value of gold and partly to HONGKONG sentially fatalistic;

feel market mistakes and miscalcula-1

Foreign Exchange and General and Fixed BATAVIA

CALCUTTA themselves in the grip of forces tions). The failure of the pound business" franacted,

CANTON that are beyond their control, to maintain its old gold value has

Current Acontinte

rized 31

CHITTOO Britain's commerce Deposits zverived for one your or shorter ... But in Great Britain there not stified

COLOMBO is different feeling. These with the far corners of the globe. perlode at

11

rator which will be quoted an DAIREN islanders have worked themselves On the contrary, it has stimulat-rolfention.

J. STUART. up to a pitch of high confidence ed it, particularly in the East: in their power to manage events, and it has brought out the vast They are, I imagine, the only peo- gold hoards of India. The move ple in the capitalist world who or gold was a constructive one. actually feel that they can make But it la the leading interna large plans and carry them out;tional counter. In every corner that they are the masters, to some of the earth, people in every walk Capital (fully paid up) ........ 100,000,990 xona degree, of their own destiny... of life are interested in sterling. Reserra Fund ......... 127,800,000.00

"Their internal confidence is For the chief method of settling

HEAD OFFICE,—YOKOHAMA. reflected back to them from the international accounta for gen Continent. Not only is there a re-jerations has been through pound

Firsch und Agencies at turn of funds into sterling and a credits; and neither the dollar

Kanaluty Alexandria general bullishness about

Brinor, the frane is taking the place Batavia tain, but also there is unmistak- of sterling even now.

Berlin able evdener of enormous re British interests in the

end. Bombas covery of political prestige. The therefore, must be served by a

Calculta real measure of British prestige reversion to international Changshun is that on the Continent all the monetary standard which will an-

Dairen (Dain)Nagaraki Senadinavian countries, Italy, and chor sterling and all other CUP-Pansten Germany, are moving within the rencies. A "mannged" currency,

(Mukden) orbit of British economie and fin-advocated by some

Hinesburg economists, ancial action. There can be no contains too many dangers to win question whatever 18 to the the approval of experienced bank-ogtoes reality of the British influence iners. Mr. Chamberlain has Europe.

pressed a personal preference for The position of last summer, a metallic basis, with "something" to be obtained on syylientiem. when it almost seemed as if Lon to help gold out. He might have| don had ceased to command, that laaid "silver instead of "some- Paris WIS

CHIEF MANAGER.

BRANCHES ***

I

FOOCHOW

HALTHONG

+

Manager.

ПАМЕТВО

HANKOW HARDIN HONGKES

ILOILO

Hongkong. 17th August, INIL

THE YOKOHAMA SPECIE BANK, LIMITED.

Canton

Hankow Harbis

Kai Yoen Karachi

Kobe London Low Aureles

Manita

Nagoya Nowchwang New York Osaka

Paris Petplay

Rangoon to de

Janetto San Francisco Gestile Semara Shangbai

Shimane.eki Bingapore Bourabaya drdray

Tientsin

Tokyo Tringa

EX- Interest allowed in Current Aerment,

Deposita samsired for Ezed perioda et ruins

MORL Maskgu

Hongkong. 21st May, 1982,

IPON JOHORE

KOWLOON KUALA LUMPUR

LONDON LYONS MALAEGA

MANILA

MUAR (Johore)

MUKDEN

NEW YORK

PELPING

FENANG

RANGOON

BAIGON

BAN FRANCISCO SHANGHAI

BINGAPORE

BOURABAYA BUNGE FATANI TIENTRIK

TOKYO

TSINGTAO

TOKOBANA Current Accounts opened in Local CurreRAJ and Fland Deposita received for sue your ef shorter periods In Local Curveasy and Sterling an terms which will be quoted on application

Tongkang, Fih April, 1983.

HONGKONG SAVINGS BANK.

w

The Busine of the shove lank is conductad by the HONGKONG AND BHANGHAI DANK- ING CORPORATION, Rolm may be obtained on application.

FOR THE Hongkong AND SHANGHAI BANKING CORPORATION.

V. GRAYBURN,

Chief Manag Hongkong, 17th February, 1983.

THE NATIONAL CITY BANK OF NEW YORK.

supreme, no longer thing," were it not undiplomatic holds. Paris is still very power to talk too openly about the re- THE HO HONG BANK, HEAD OFFICE: 58. Wall Street, ful, but Great Britain has resum-habilitation of silver in advance ed its ancient position among the of the definite inter-Governmental Powers of Europe."

H

TAVING cleared the national ground, cleaned up her politics. and equipped herself with a tariff machine, Britain's main tasks now lie in the inter- realm of

negotiations for which this Brl-.

tish Government is waiting. The Authorized Capital rehabilitation of silver wili enor-Led Capital mously stimulate Britain's trade Paid-up Capital with the East, which is on a sit-Reserve Liabilities of Share- ver basis.

bolden Surplus

NIED to gold, Britain sought an

El

New York.

Capital, Burplus and

Undivided Profits. US$225,603,775.00

LIMITED (ESTADLISH 1977).

.Sıralım $20,000,000,

8,300,000 4,095,000

$,000,000

ARGENTINE BELGIUM

2,520,000 BRAZIL

CHILE

CHINA

COLOMBIA QUBA

DOMINICAN

REPUBLIC

INDIA

Every description of Banking and Exchange

TAN ENG HOOL"

Madiger.

BANK OF CHINA. Recorganized October 24, 1828, under special

ITALY JAPAN

Branches in

LONDON

MANCHURIA MEXICO FANAMA PEKU PHILIPPINE

ISLANDS PORTO BIDO

STRAITS

SETTLEMENTI URUGUARY VENEZUELA Commercial' and Travellers' Letters

of Credit Travellers

Cheques, Hills of Exchange and Cable Transfers brought and sold, Current accounte and Bavings Bank accounts opened charter of The National Government me 25

and Fixed Deposita in local" and INTERNATIONAL EXCHANGE BANE

..425,000,000.00 foreign currencies taken at rates that #4,710,000.00 may be ascertained on application to ... #424,565.82 the Bar.

HEAD OFFICE:--8HANGHAI.

HONGKONG BRANCH,

the

We are also ablo to offer our Customers the services of Branches of the International Bark- ing Corporation in Spain and also of The National City Bank of New York, (France) S.A., in Paris and Nice.

national field and in the r is bar Tanter tona monetary con- HEAD OFFICE.—BINGAPORE. ed on the world. Her mony has ference anxiously and urgently. flowed out over the whole earth The great gold hoarders, out for the principal cities of the world.

Branches: Agencies and Correspondenta to to fertilize the field of world their own advantage, refused to. trade. She is the world's biggest come into one.

business transacted, Off gold now, Bri- holder of foreign securites. She tain can afford to sit back and cannot prosper on the basis of a wait for the growing troubles in narrow economic nationalism.

the gold countries to induce Her policy now of closer econo- more reasonable and accommod mic co-operation with the other ting mood. Time was England's countries composing the British enemy. Now time plays on her Commonwealth of Nations will side. broaden the mother country's Meantime, while business in the suberried Capital basis and help to promote freer island is not good, it is better than Pald-Up Capital world trade, and a solution of the almost anywhere cise in the Reserve Funds great world monetary and econo-world. Mr. J. M. Keynes, indeed, mic problems. British Govern-pronounces England the most pro- ments since the War have Ram-sperous of all countries to-day. It bled on the expectation of an in- does not say much for the others,, ternational policy by other coun-but it says much for England, tries. That gamble has been pur-which so short a while ago looked and large conaretians to the important com sued right up to the edge of na-weak, failing, finished.

mercial centres of the world, we are able to, tional bankruptey. Now, the

extend to our clients special follies for vision of tariff truce has faded from his Biscay coast farmhouseiber rublle Funda of the Chinese Gover

Dying old Clemencenu looked domestic and foreign banking and exchange. We also handle the laws of Banda and like a pipe dream in chatter at over towards the enigmatic littlement both at home and abroad, Genera. By their new policy, ofisiand in the north Atlantic and national tariff and

elaser im-shook his head pessimistically. perial co-operation the British "Something," he said, "has gone people are moving formidably into out of them." But his the stream of world realities. dim. That something-the

The tendency is clear. Nations damental quality which has en- want to live their own lives in abled the island people to write their own way. But because the the greatest chapters in the story Of the Societe Internationale de planel has become in reality a sin-of mankind so far-had not gone Placements, Basle. (Local agents Hongkong Other 3), Queen's Road, Owatral. gle economic unit, because agri- clean out of them. It had only Messrs. Goeke and Co.). cultural capacity, transport facili-gone to sleep, and now it has once) tiss, and the productive power of again been aroused.

4. Qazen's Noms. Central,

Owing to our numerou branches in China

SHOU J. CILEN,

Mauiger.

eye was fun-

1.I.D. CERTIFICATES.

R. H. McLAY,

Manager.

Hongkong, 4th March, 1932,

NEDERLANDSCHE · HANDEL MAATSCHAPPIJ, N.V. (Netherlands Trading Societz),

BANIZES.

ESTABLISHED 1814.

Authorized Orpital ......Quilders 350,000.000 Monday's official quotation in Fald-Up Capital.Calidrs 19,000,000 .......Qulders (0,025,000 Buale $2 118. 6d.

Food Offee:-AMETREDAM.•

A SHIPLOAD OF FUN

IN AN OCEAN OF LAUGHTER Commencing THURSDAY at the

QUEEN'S

BRITISH INTERNATIONAL PICTURES, LTD. présent

JACQUELINE LOGAN OWEN NARES & DODO WATTS

in

THE SHAFTESBURY THEATRE NAUTICAL COMEDY SUCCESS

"THE MIDDLE WATCH"

Reserve Fund

■

Bestern Hand Ocer-BATAVIA,

KANCHES-Dandjermasin,

Bandoen.

Bombay, Calepits, Cheribem Diensber Diokjakaria

war. Medan, Palembang, I

Party Bango Rotterdam," Bamarang,” Zhong! Bingapore, Boerabula, Boerakarta, (Holo), Twal, TIE Jaap and Weltevreden.”

• The officer hers safe deposli baton to det London Dankerni-National Provincial Bepk LAA.

Correspondentis all over the world, -

DANKING BUSINESS OF EVERY DESCRIPTION TRANSACTED. A. STOKKINI.

Hongkong, lai Desember, 1911.

MARKET.

THE BANK OF CANTON LIMITED.

ESTABLISHED 1912..

Head Office:---Hongkong,

Authorized Capital Tald-Up Capita Heart Fund BRANCHES

Canton, Bhangbaí, - Kashem

Bangkok, New York and den 2206

sked

LONDON BEAN CELEB 1990

The Lloyds Book Láni