1932-06-29 — Page 21

150

READY -TO- WEAR

PONGEE

SILK

SUITS

WELL CUT AND

TAILORED

(All Men's Sizes).

$22 Per Suit.

SHARP ATTACK OR.

DIRECTORS ·

Continued from Page 1)

THE

HONGKONG

TELEGRAPH. WEDNESDAY, JUNE 29, 1932.

THE TEST MATCH

object to generosity during a boom, but I think in times like the pre- sent, strictest economy should be practised. I think this contribu-

FINAL SCORES AND tion should be immediately sus

ANALYSIS pended and scale of wages and al- lowancer and conditions of service The revised. No dividend has been England-First Innings ... of operation of our vessels. emigrant business from Fourhow paid to shareholders for eight

England-Second Innings. has been seriously handicapped ow. Sears and the steamers appear to Sutcliffe, c Naidu, ↳ Amar Singh ing to limitation of the auniber of have been run solely for the benefit Holmes, b Khan

com Woolley, e Colah, b Khan passengers for the Straits Settle-of the managers, staff and

Hammond, b Khan ments, and it is apparent that the pradore

also outstanding D. R. Jarding not out general world depression Is mak-

freights $165,000, which in my Paynter b. Khan ing itself felt in our business.

opinion is too much for a company 14 Ames, b. Amar Singh operating three steamers, and R. W. V. Robins, c. Khan, b Missar F. R. Brown, e Colah, b Nnoomal | refit on working, of $82,639.01 and should like to know how much bas W. Voce, not out

It will be observed from the ac Counts that the

con-

There ន

Extran

BANKS.

AND SHANGHAI

& O. BANKING THE CHARTERED BANK OF HONGKONG

INDIA, AUSTRALIA & CHINA. BANKING CORPORATION. CORPORATION LTD

258.

P.

19

11 (Incorporated in England, 1920).

12 Authorbed Capitat

85 Subscribed and Paid Up

Incorporated by Royal Charter 1657.

- # #,000,990. zerte Fund ....

8,000,999 Reserve Liability of Propreltors. $,000,000

AGENCIES AND BRANCHES.

DANGKOK

KARACHI KLANO

HEAD OFFICE:—LONDON,

Faid-Up Capital

Reserve Fund.....

46,010,000 2.524.100 150,000

0

30

BEAD OFFICE:

ALOR ETAN ILOILO

PENANG

29

111-122, Leadenhall Street, London, F.C. J.

AMNITBAR IPO:1

RANGOON

BAIGON

8

BATAVIA

SEMARANGO

ROMBAY CALCUTTA

KONE

SEREMDAN

KUALA

SHANGHAI

4

KANGSAR

KUALA

LUMPUR

RUCHING

TAIPING

MADILAR

MANILA

THIENTBIN TONGYAN

MEDAN

(Bhukel)

NEW YORK

THINGTAO

PEPING

YOKOHAMA

(Peking

ZAMBOANGA

Authorland Capital **** Issued and felly Paid-up Reserve Funding

Berling

Bliver

***** 25,000,000

48,500,000

,$10,000,000

Reserve Liability of Proprietors...820,000,000

WEST END DRANCI. 14:10, Cockspur Atreet, London, S.W.I.

„DRANCHES |--Vombar. Calcutim. Calleut, CANTON

SINGAPORE Hongkong. Colombo,

Madras,

BITIAWAN Shanghai, CAWNPORE slagspere.

BOUNADAYA

sicamers show n

been collected since the account that $67,000 has been written off

The steamers stund was closed. for depreciation, this being

in the hooks at twice their market

Total (for 8 wkts, decd.) 275) sidered necessary by your Consult- value, and their average age la 32

Bowling: Nissar 1/42, Amar Singh ing Committee and General Manu-years. If we are to maintain # gers, in an attempt to meet the service on the count, more up-to-2/84. Khan 4/00, Naidu 0/21, AGENCIA-Int the principal towns of very low tonnage, values of to-day date bonts are required and we Nanomat 1/40, Palía 0/11, Wazir All the world. Our vessels have just passed their shall never be in a position to ac-019 expensive four-yearly loadline sur quire same unless drastic measures veys and very little extra expense are adopted in reducing present should be incurred on surveys for operating custs by bringing same more into line with existing condi- rone time.

tions.

owing to further unrest in the

CHAIRMAN REPLIES.

The Chairman:-As regards the amounts outstanding for freight, wish to point out that all outstand jug amounts for 1931 have been The steamers certainly above their

1

During the first three months of tite current year there was an it

rosemest in trading conditions From Hongkong, but subsequently Fakit Province the business of the op romtry merchants was serious I interfered with. I am glad to stand very much say however, that within the last law vdes, conditions have impraymarket value in the books, but this

matter, and also that of pensions; reserve and leave pay, is being sub- ject to a thorough investigation by

rd.

DIRECTORS RESIGN.-

T

-

collected.

India-First Innings

India-Second Innings. Navic, Lb.w. b. Robini Naoomal, b Brown

CEDU

COLUMNO General Exchange and Banking Eastne DELNI 189 transacted. Lonne and overdrafta granted on BAIPNGNO apptured security. Current and Fixed Deposit | HAMBURG

JANKOW Recuunis opened.

DANK BAVINGS

ACCOUNTS-Interest IARDIN allowed at rates which may be obtained on HONGKONG application.

THE 26

Wazir Ali e Hammond, b Voce Naidu, b Bowes, Colab, Brown.

39

10

Nazir All, Jardine, Bowen, bal

b Hammend. Singh. Khan, & Vece,

29

0

mond.

51

0

Amar Singh, e and blaut.

Palin, not out.. Visear Hammond,

Extras,

187

Bowling: Howns 2/30, Vice 2/28. doing all in our power to redner ex-Brown 2/54, Robins 157, Hammond penditure and losses.

I

As you will seg, the aerounts the Consulting Committe. We are tope you live been duly audited by The Company's auditors and

Mr. Croucher: Yes, I under- proved by the tion. Mr. J. J. Pider. son and Mr. J. J. Davies, the only stand that, but we cannot go on members other than myself of the doing this, Mr. Chairman, Our Consulting Committre now in the entire capital is only six lakhs, and Colony. Since the necounts have we are spending it all on the officers All leave, etc., should been approved, certain suggestions and crews. have been made by the Hon. Mr.be suspended straight away. J. J. Paterams and Mr. 1, J. Davies don't think that the floating staff for the future conduct of the Cum have borne the sacrifices the share. holders have during this period of pany's business, and the same receiving the careful consideration depression. I trust that something f your General Manager. I re- drastic will be done, Mr. Chairman.

The Chairman:—Yes, gret to say that although your General Managers were und giving their most careful considera. tion to the proposals, and are in no way antagonistic thereto, the Hon. Mr. J. J. Paterson nud Mr. L. J. Davies have sent in their resigna- tions and stated that they do not

sh to stand for re-election. much regret this situation and hope that they will yet reconsider their

lecisions,

are

OTHER BUSINESS.

3/9,

TREASURE HUNT RESUMED.

ARTIGLIO RETURNING TO EGYPT'S WRECK

TRAVELLERS' LETTERA

OF CREDIT

TILAVELLERS CHEQUES iued, PARSENGEMO" LETTERS OF CREDIT for use unly on board 1'. 4 0. and Dil. Home Line leamers, and at Ports of Call.

British Inema Tax Recovered. Executorships and Trusteeslips undertaken,

W. J. WADDINGTON,

Aanager.

THE BANK OF EAST ASIA, LTD. Established 1918.

HEAD OFFICE:

10. Des Voeux Road, Central,

HONGKONG.

Foreign Exchange and General and Fixed bosine tresacted,

BEAD OFFICE: HONGKONG.

BOARD OF DIRECTORS. Hon. Mr. J. J. Palarmen.

Chairman.

T. E. Pere Erg.. Deputy Chairman

Don. Mr. W. II. Bell, J. A. Plommer, Des

A Compton,.. T. II. R. dhaw, E. M. T. Johnson, E. J. P. Warren, Esq. G. Min. Eig.

Y, M. GRAYBURN E... CHIEF MANAGER.

BLANCHES-

LONDON

LYONS MALACCA

ΑΜΟΥ

DANGKOK BATAVIA CALCUTTA

CANTON CHEFOO

MUAR (Johor)

MUKDEN

Current Accounta opened #2] Fixed Deposita received for one year of aborter COLOMBO perioda at rates which will be quoted on DAIREN application.

roochow

J. STUART.

Keanger,

ILAIPHONG

HAMBURG

HANKOW HARBIN

HONGKEW

ILOILO

on JOHORE

Hongkong. 17th August 1991.

THE YOKOHAMA SPECIE

BANK LIMITED.

| Capital (fully paid up), 100,000,000 KOBE

Reservs Fond

Y. 117,300,000,00

HEAD OFFICE(—YOKOHAMA.

Branch and Agentie it

Innalula

Bangooo

Elo d

Alexandria Batarla

Capital & Surplus over $8,000,000 | Total Resources over H$30,000,000 | Berila

Every description of Banking Calcutta and Exchange business transact-changchun ed.

Kal Ypen

Canton

Dairen (Dalny)Normandi

Karachi

Blomber

Kobe

London

Le Angeito Manila

Nagoya

(Mukdeo)

Newchwing

New York

Omka

Party

felping

Current and Fixed Deposit Ac-Pentlan counts in local and foreign cur- Hamburg rencies opened for cliente.

Blankuw

London, June 28, The Italian salynge ship Artiglio is expected to leave Plymouth to-day to return to the scene of Savings Account and Safe De-Harbin the wreck of the liner Egypt, offposit Boxca.

Branches and Agencies all over The accounts and report having Ushant, where operations will be been passed, the Chairman pro-umed to recover the remainder the world.

KAN TONG PO, posed that Sir Robert Ho Tung be of the gold and silver which was

Chief Manager. re-elected as a member of the Con-sunk with that vessel during the

ulting Committee. "The Consult

LAWN BOWLS

Chairman,

I have already informed

war.

ing Committee have, until recently. When the Artiglio reached Ply- been myself as

The mouth on Sunday the treasure was on. Mr. J. J. Paterson, Sir Robert formally placed under arrest Tung, and Mr. L. J. Davies. As following a claim by the master you, of another salvage tug that he In the meantime 1 propose that the Hon. Mr. J. I. Paterson and Mr. was the first to locate the wreck this meeting passes the Report and I.. J. Davies bave sent in their re- some years ago, and was entitled Accounts, re-elects Sir Robert Ho Tung as a member of the Consult Signations and do not offer them to a share of the bullion.

re-election, but Sir ing Committee and appoints the Robert Ho Tung offers himself for Anditors for the coming year and tection," he said. I propose at a later date to convena j Mr. Chun Wing-ken seconded the an extraordinary generad meeting motion, which was carried unani- for the purpose of filling up the mously. vacancies in the Consulting Com mittee.

I now beg to propose the adoption or the report and accounts as pre sented and after

this has been seconded, I will be pleased to answer to the best of my ability, any questions shareholders

may desire to ask.

Mr. T. Ramsay:--1 desire second the motion.

10

selves

for

The Admiralty Marshal yester- day directed the Collector of Customs to release the cargo, the owners of which have given a bond, undertaking to enter an appear

The cargo was accordingly discharged and brought to London.

British Wireless.

ance.

Hongkong

Janeiro

San Francisco

Seattle

Semarang Shanghal

Shimonosek! .. Aingspore

Sourabaya

Braser

Tiental

Toke *Tringtau

Interest allowed on Carreat Álvasti. Sheposita relvad for fland periude at rijnë to be obtained on app then them.

R. BORL

Hongkong, 21st Mar, 1982.

Manager.

MANILA

NEW YORK

PEIFING PENANG

RANGOON

BAIGON

SAN FRANCISCO

BIANCHAI SINGAPORE

SUURABAYA

BUNDEI PATANI TIENTSIN

TOKYO TSINGTAO

TOKOHAMA

KOWLOON KUALA LUMPUR,

Curresi Accounta opsued to Local Currency and Fixed Depoalla received for one 3042 Of aburler perioda is Local Currency sad Sterling on term which will be quoted on application.

Hongkong. 6th April, 1913.

HONGKONG SAVINGS BANK.

The Boals of the above Bank is sondnerbad by the HONGKONG AND BHANGHAI DANK }ING CORPORATION, Rules may be obtalzsé

on application.

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.

V. GRAYBURN,

Chief MausN. Hongkos 27th February, 1932.

THE NATIONAL CITY DANK OF NEW YORK.

THE HO HONG BANK, HEAD OFFICE: 55, Wall Street,

KOWLOON B. G. C. PLAYERS FOR SATURDAY

teams have been The following selected represent the Kowloon Bowling Green Club in their league surplus matches on Saturday, July 2nd.

tu

New York.

Capital, Surplus and

Undivided Profits. US$225,603,778.00

ARGENTINE

Branches ins

LIMITED (ESTABLISH 1917),

Authorleed Capital

.Straits $10,000,000

Lowned Carital Paid-up Capital Reserve Liables of Share-

bolders

1,000,000

4,000,000

4,000,000 BELGIUM

1,624,000

BRAZIL

CHILE

CHINA

COLOMBIA QUIA DOMINICAN

PORTO RIco

HEPUBLIC

STRAITS

READ OFFICE)-SINGAPORE. 1st. Team v. Kowloon Dock at thej Kowloon Bowling Green:-R Duncan,

Branches: Agencies and Correspondenta to D. W. Phillips, R. S. Nichel, A. M.

Every description of Banking and Exchange Holland (Skip): C. S. Beat, H. F. the principal cities of the world. Stoneham, N. Nish,

Russell business transseted. (3kip); G. N. Mitchell, A. K. Tay-

TAN ENG 1001, lor, J. G. Meyer, E. W. L. Hogbin (Skip).

W

Миларет.

INDIA ITALY JAPAN

LONDON MANCHURIA MEXICO PANAMA PERU FILIPPINE ISLANDS

BETTLEMENTS URUGUARY

VENEZUELA Commercial and Travellers' Letters

2nd. Team v. Kowloon Cricket Club BANK OF CHINA. Credit. Travellers Cheques, Bil Sherif, J. G. Log Venables, V.Recorganised October 28, 1928, under special and Savings Bank accounts opened

W. E. Hale, N-

Mr. Wing Ping-shun proposed that the present auditors, Messer Lowe, Bingham and Matthews, and Mesara Linsterul and Davis. who offered themselves for re-election, be re-elected. The motion wa TENNIS TOURNAMENT. at the Kowloon Cricket Club:-G. . seconded by Mr. N. V. A. Crou- cher, and carried unanimously.

Those present included: Mr. A. H. White (Chairman), Hon.} Mr. W. E. L. Shenton, and Mesara, T. Ramsay, N. V. A. Croucher, Chon Wing-keu, S. T. Willamson, and C. L. Farmer (Secretary).

3

LLD. CERTIFICATES.

SHAREHOLDERS' PROTESTS. Mr. N. V. A. Croucher: Mr. Chairman, I notice in the recount that you have allocated a sum of $30,000 leave pay and pension reserve. A like amount was trans- ferred last year, which 1 consider out of all proportion to the Com-! pany's profit. This amount capi-Placements. Basie. (Local Agents Talised at five per cent. is about Messra, A. Goeke & Co.) equal to the present value of the Tuesday's otheinl quotation in flect investments. No-one would Basie: £20s. 3d.

ARMY CLUB TEAM DEFEAT H. K. C. C.

of Exchange and Cable Transfers brought and sold. Current wedaynta

Labrum, V. Petherick, F. L. Rapley charter of The National Government as an

INTERNATIONAL MECHANON BANK and Fixed Deposite in lo opaed

S. Denko (Skip);

(Skip) F. V. Whitta, S. Ashworth, Bubscribed Capital T. Gooding, H. H. Rose (Skip).

Reserves C. L. Furmer, C. ffatt.

The Championship. Continuing their abandoned game

The Army Tennis Club defeated the Hongkong Cricket Club in the CH Division of the tennis league on Mon- day evening by vix sets to love, rain

the remaining three from in the Open Bowls Singles Champion- ship yesterday, E. et Arculli defeated

preventing Scores:

of an upset,

125,000,000.0 foreign car

currencies taken at rates that 23.710,000.00 may be ascertained on application to

1,329,595.81 the Bank.

Paid-Up Capital Reserve Funds

DEAD OFFICE:SHANGHAI.

HONOKONG BRANGO,

4. Queen's Road, Central.

Owing to our numerous branches in Chine Hyde and Lawson (H.K.C.C.) lost his club-mate R. Basa, an ex-cham-large connections in the important com to Mitchell and Jarman 3-6; lost to plon of the Colony, 21-10, after anmercial centree of the world, we are able to

exciting game. This Was in the lend to Matthews and Davis 3-6.

nature Of the Societe Internationale de Horridge and Grimble (H.K.C.C.) generally expected to win.

lost to Paul and Lewin 5-7.

Hill and Beek (II.K.C.C.) lost to

On the Club de Recreio green, F. other Public Funds of the Chinese Gorers- Mitchell and Jarman 1-4; lost to Rupley defeated A. O. Brawn 21-13, Paul and Lewis 2-6; lost to Matthews and ff. Nish best A. E. Carey by the and Davis 3-6.

annie margin.

THESE

MORRIS-COWLEYS

OVER THE HARBOUR

ΤΟ

HARIRAM'S

51, Nathan Road, KOWLOON.

An Engine unit improved out of all recognition, giving comfortable top gear hill work. Lockhead brakes. Tools handy under bonnet. Complete finger-tip controls an steerling column.

DODWELL & CO., LIMITED, ICE HOUSE STREET, HONG AND AT CANTON.

KONG

Roadster

are

two out of five

attractive

our cliente special facilities for Bas being mestic and foreign banking and exchange We also handle the leans of Bonds and

ment belt at bome and abroad.

Models

to suit everyone's need

Saloon with Pytchley sliding-head

A.P.B. üb.

BIOU J. CHEN.

Mabugar.

THE MERCANTILE BANK OF INDIA, LIMITED.

Tread Once: 10 Gracecharch Street, London, E.C. 2.

Authorised Capal

Subscribed Capital

Paid Up Capital

Reserve Fund mad Best

BANKERS.

We are also able to offer dur Customers the services of the Branches of the International Bank- ing Corporation in Spain and also of The National City Bank of New York, (France) B.A., in Paris and Nico.

R. M. McLAT,

Manager, Hongkong, 4th- March, 1982.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V. (Netherlands Trading Society),

BANKERS.

ESTABLISHED 12.

£9,000,000 | Hongkong Office: 11, Queen's Bond, Central

1,800,000 Authorised Capital 1,050,000 1'ld-up (mylia)

1,217,027 | Kroeryng

The Bank of England & Midland Bank, Ltd.)'

BRANCHES

Ustaris

Howrah

Bangkok

Spoh

Bombay "Calcutta

Colombe

Dethl

Galle

Fongkong

Kuantan

Kundr

Karachi

Kota Bharu

Medras

New York

Penang

Rangoon

Shanghel

Simla

Kuala Lipis Bingspora Kuala Lumpur Hoerabaya Port Louis (Mauritius) HONGKONG BRANCH,

Every description of Banking and Exchange

business transacted.

Travellers Cheque Sted.

TRUSTEE AND EXECUTORSHIPS

UNDERTAKEN.

Interest allowed on Carrent Accounts and] Fixed Deposita at Iater that may be sacr tained on application,

J. B. KOGU.

Manager.

..P. 180,000.00

.F. 30.430,00

.F. 20,916.dea

Iload O-AMSTERDAM.*

Eastern Head Oges:-DATAVIA.

BANCHES -BandJermarin.

Bandoeng, Boubay, Calentia, Chartbon Djember, Diokjakarta 2 Tingue," Jokiah, Kobe, Mikis. sar, Maden, Palembang, Fab longer, Penang However, Rotterdam, Bamarang,* Bönag- bal.

Botabela

Slopers,

Boersheria, (Bola), Zweni, TIL latia and Weltevreden.

ind

• These omces have safa deposit boxes to log London Dankers-National Provincial Bank

Correspondenta all over the world.

BANKING BUSINESS OF EVERY DESCRIPTION TRANSACTED.

A. STOXKINI..

Manaler.

Hongkong, 22nd June, 1938.

THE BANK OF CANTON LIMITED.

ESTANLIKHED 1813.

Fload Office:--Hongkong.

WHEN AT BOME

The

Hongkong Telegraph.

MAY BE PURCHASED AT

SELFRIDGE

LONDON, W.L·

Authorised Daišai Paid-Up Capital

Heserve und ...

· BRANCHES 1

.811,000,000

3.466295 1,100,000

Camion, Shanghal, Haakow: Bwałam, Bangkok, New York mod den Team-

LONDON DEAN CILES 2000.

world.

The Lloyds Bank, Liučio. Correspondante in all prizelyal elties of the

Foruen Exchange and Banking buriam va Safe Depotis – Dazas (various abans) wi pourty racist of_trum 30 W 10,

LOOK POORG ÁRAK.