WEDNESDAY, JULY 24, 1918.
SHIPPING
P. & O. S. N. CO.
ROYAL MAIL SERVICE
UNDER CONTRACT WITH HIS MAJESTY'S GOVERNMENT
TO
THE CHINA MAIL.
BRITISH & GERMAN CREDIT TERMS IN THE ORIENT.
U.S. CONSULAR REPORT.
In a recent report the 17.8. Consul- General at Bonghong, M. George E Anderson, refers to the increas
MARSEILLES AND LONDON, determination
TAKING PASSENgers and CardO TO
STRAITS, COLOMBO, INDIA, AUSTRALASIA, EGYPT, - 85.
Steamers
to
Colombo
Leare Hongkong Noon
Connecting Mail Steamer from Colombo,
Dae Marseilles
Due London
When Passengers change Steamers at COLOMBO,
AL
British¬
Paper on account of the standing of the acceptar, it can usually be discounted at 1 per cent below bank rate. The acceptor anally, charges "one-eighth of 11. per cent,- per month for, the servien, ant the tal cost of dancing is inerely the accepting commission (one-eighth. of 11 per evat, per month), interest`ut. 1, per cent. below bank rube and the eest. the bill stampe." The accepting house
mercial interests in Hongkong and the documents with a letter lion the Far East generally to break up
atthebel to its clients in China, either the system of long credits built up busially direct. The China "hows signs director, though an Eastern bank-.
Gerran tenders in Eastern ports, to
the letter in lien, returns it to London, which most non-Germlins, have ascribed and take delivery of the goods upon the German success in securing truda arrival. from old-established British interests. 1 puliarity of the credit wystem layin
In tuost cases the China horse pledges
the fact that is rested in turn upon Hrisishibolt in the letter of Hen non enly to expert and Enancial houses. So closely mess the bill at maturity, but to keep
INTIMATIONS
KEATING'S
WORM, TABLETS
Betchen b
Vanambie
Kasting'sWorm Tabista fornirka mCRE | agreeable method of administering the
· only certaba remedy fer, Ingatkollars -
"Thrand Worma, Farinetly min, milde
• ază especially adaptál for så fican) To do piłośna uf'all Denècia S Tapirma, TUÇILAR KRATORO,
METALS
engineering works. Largust and best assorted stock in the Colony.
Beommodation in the connecting Stenner from COLOMBO is definitely reserved in were the opeïntions of these houses on the proceeds of the goods in tri and of all kinds, especially for shipbuilding
Hongkong at the time of Bocking.
pected with tiernan relles that the separate from all other transactions and elsarge was freely made before the waters bringing to other persons. In
#
On the Australian Route Ticketa Interchangeable with Orient Line.
-SAILINGS. DIRECT TÓ
SHANGHAI, MOJI, KOBE AND
9. 8.
YOKOHAMA.
Leave Hongkong About
Pawengère ray travel by Railway in Japan batween Ports of Call free at chargu.
INTERMEDIATE STEAMERS
(Non- Transhipment),
IN ADDITION TO THE ABOVE MAIL STEAMERS, WILL LEAVE DIRECT FOR
MARSEILLES AND LONDON, Calling at SINGAPORE, FORT SWETTENHAM, PENANG, COLOMLO
AND PORT Sard.
CARRYING Ist and Îro SALOON PASSENGERS AT REDUCED RATES. PROPONIN SAU INGA
STEAMERS.
Leave II'KONG about
Loser S'FORE about
Где к M'HEILLES
if calling
Due LOJDON about
THE INTERMEDIATE SERVICE IS TEMPORARILY SUSPENDED.
WIRELESS TELEGRAPHY FITTED ON ALL. STEAMERS. "All Cabins are fitted with Electric Fans free of charge and each Berth Furnished with an ectric Reading Lamp.
Owing to the War in Europe Steamers and Sailing dates are liable to be cancelled or altered without notice.
Sendvice.
atc., apply to..
NOTICE TO CONSIGNEES,
For Further Information, Paese Fares, Freights, Handbooks, Dates of Sailings
· P. L. KNIGHT,
Acting Superintendent.
NIPPON
YUSEN KAISHA.
and ), wine extent siper the war consthe case of the Gernwa firms in Hong- SINGON & CO.
nezeed, that German bones were given koog this trust had been broken in
vial facilities which British was finest every case. The goods wer hauled over 'to the Chinose hervers au The examination into Liert" methods four to eight merths redit, and as they resulting from the liquidation mod ths were paid for the sey was placed to ufait of German firms' in
general account and used for carrying Hongkong [bay and indicated that tiernan Kras had join the business. Dill at maturity were facilties which British or other tems met eat of the general finds" of the could not sure, it it has been, the house. feats of ascertaining exactly how 'Ger- anVANTAGES Bilar firms rondaaned their bussidess. The Esubjet is and general interest to British onders in Blangkong and in nine United Kingdom explaining the Predt 23 the rean To Anuerican exporters it is not rakhed to move the drafts drawn syniust only interesting for the same reason, Lusthus in the first lustance is not only Fit also has the midfiel mirit of de-that the security imok of the serpted bill was destenged by such failure to tfatics to deg the great disadvan-
segrete the money, but that the gods dage they have suffered in not having
AND DISADVANTAGES OF THE SYSTEM,
The put it the contention as to keep. ing the proceeds of certain geeds. ear.
the inchinery for tinatiemy their trade were thy dd to Chinese buyers at
· represented by "arreptam asese often before Arrival) on 8 8 anal, prortionisely, the general disement and even 12 month time, and the [nazhet, which has made snel houses (Roeurity, which was 'the. Käsis of the 1 per cent. advantage in discount by the possible and precisalale,"
areqiance healsy, was in fact non-exist. Lent whereas if the security contract had Beer lived up to the disadvantage of this method of financing would have more than inter-bleed the advantages
FINANCING EXPULTS THROUGH
*** AVCRIPTANCE HOR'ses,” al
An authoritative statesinent
matter in its essential features apps
Ji
The
in certain contrapoples between the This equtention, however, as "thus, Flong- China Asiatin London organisa-kong Government pointed det, in ast
Consignees are reminded of the necessity to apply to the Company's Agents tion), the British Colonial (Mice, the very convincing. The fact of the matter cegarding arrival of consignments expech of which they have received documenta. Government of langkong, and the Hthis nivans of financing importa usually that the German houses raploying. Any damaged packages must be left in the Godowns for examination by the keng General, Chamber of Commerce.
met all their bills promptly-this, indeed, Consignees and the Company's Surveyors, Mesars Goddard and Douglas, at 10 a.m. From this correspondence it appears, that being essential to the maintenance of Go Mondays and Thursdays. All claims must be presented within ten days of the German firms doing business in Eous their clit with the acceptaner house. steamer's arrival here, after which date they cannot be recognised. No Claims will be admitted after the goods bave left the Godowns.
koug and the open ports of Chim notThey paid interest through this discount only dealt in German produête, (in which | at "about 1 per cent. below the establish trade they were gided by the hermand rate in Lotabon, while on the credits to Chinese for the goods old they | Choverbulent but they also deals in
usually drew interest at the rate of in- British goods and were financed" in both rest prevailing among the Chinese in esses largely by British houses, and were Hongkong paying, say, 5 per cent. öz lesa so feniently treated by the latter "that in landon and receiving 8 per cent, or stret compliates with the terms of the iter in Hongkong. The business was dangerous in the relits given Chinese financial arrangements was seldom insist middimret for while the latter roight ed upon. As a matter of fact, their trade ive good for the aurat of the in- in British and, in some cases, in Anori.debtedness for merchandise purchased it | can manufactures was the foundation of market, they often syuld ant safely stand
it could be sold on a stationary or rising f the prosperity of some, at least, of the the losses incident in a falling market. leadin German horses. The manner the result of the German ereilt system financing exports is succinctly set forth was a late number of gepudiated con- in a statement put before the British and acts every sing "goods arrived on.
falling murke, Ifengkong Boverumvents by the China
Chamber of Commerce. Aworiation and the Hongkong General
Arrangements are made with a certain werpling house to accept the drafts porters of Hongkong established a cash' of the shippers up to a certain amotzt. system of sales of cotton goods a 2000 When the goods are shipped from fan-as the liquidation of German frogs and chester, Bradford, or. Hamburg 4, bill is
their contracts was stilstantially effected. The"i
is the only remedy pointed out drawn at six months' sight on the sccept by the Government and other authorities ing house, which accepts it, and the concerned in the nutter, and the Hong drawer then discounts it in, the opan kong importers are making a success market. Inasmuch on the draft is fine of it.
(JAPAN MAIL S.S. "CQ)
SAILINGS FROM HONGKONG SUBJECT TO ALTERATION.
- DESTINATION ; -
STEAMEL & Displacement
SAILING DAZEY. +Inaba Mara, 12.400 tone SAT., 17th Aug., am. Iyo Maru 12,330 son's WED., 4th Sept., 11 am,
Shanghai, Kobe &).
Yokohama Nagasaki, Kobe & Tango Mara, 13,000 tons SAT. 17th Aug. 11 a.m.
Yokohama
Nikko Maru,
8,600 tons SAT, 14th Sept., 11 am..
Shanghai, Moji & Taisho Mars, 5,000 tons SUN., 29th July.
Kobe
London or Liverpool via S'pore, Colombo, Delagoa Bay & Cape Town"
Melbourne via Manila Zamboanga,
Thursday Is., Townsville, Brisbane, & Sydney
New York via Shanghai, Kobe, APPLY AT THE COMPANY'S
Yokohama, San Francisco
Panama Canal
FOR DATES OF SAILING
&
OFFICE.
Bombay via Singapore, Malacca,
& Colombo
Calcutta via Singapore, Penang.
Rangoon
Omitting Shanghai and/or Moji
Wireless Telegraphy.
HONGKONG VICTORIA B.C.-SEATTLE
VIA
All these observations have applied particularly to the trade in cotton piece | goude, the chief trade in which teman
British sale nesta clarhed; and
it is for this reason that the British im-
IN 14 MONTHS WE SAVED THE
LIVES OF
7,000 OF BELGIUM'S LITTLE ONES.
WILL YOU NOT HELP US TO SAVE OTHERS?
EING LUNG SI
SHIPPING
PACIFIC MAIL S.S. CO.
U. S. Mail Line. OPERATING THE NEW FIRST CLASS STEAMERS
VENEZUELA" and "COLOMBIA,
14,000 Tons each. - HONGKONG TO SAN FRANCISCO,
** ECUADOR."*
vis BHANGHAI, KOBE YOKOHAMA and HONOLULU. The Sunshine Belt
The most Comfortable Route to America and Europa.
Ballings from Hongkong at Moon?
B.E. "ECUADOR"
AR, “OOLOMBIA".
6.5. "VENEZUELA'
............................ WEDNESDAY, “Aug. 14th, 1918-
minnas WEDNESDAY, Sept. 11th. BIM sono me veze...WEDNESDAY, Oct. 9th, 1818
Those Steamers have the most modern equipment Including overheads slectric frax and electric lighting ALL LOWER BERTHS and large comfortable Staterooms (All single and two burdhit only),
#
The Safety and Comfort of Fassengers is our first consideration. Special care is given to the cutting, and the attendance on passengers cannot be strpsenert. Tickets are interobangeable with the Toyo Kinen Kalihs and ten
Canadian Pacific Servicon Lennon
For further information, rates, literature, schedules etc., apply to-
COMPANY'S OFFICE in Alexandra Buildings,
Chater Boad.
TELEPHONE 141. "
BANKS
in
(Established A,D. 1880).
PHONE 515.
痔
Ho
BANKING CORPORATION,
$13,000,000 ||
Over 50 years ago the late Lord Beaconadaid tasted to the besatta - de asceived from HIMROD'S CURE, and weery poet bringa similar letters to-day-
MROD'S
CURE for
ASTHMA
FAMED FOR 42 YEARS.
Bold In Mase cl Chamista asd Stores throughout the Country
Beware of Liminal case
EUROPEAN AGENCY.
W
HO ESALE Indente promptly cxocuted at lowest cash prices for All British and Conticental guode, including
་་
Books and Stationery,
Boote, Shoes and Leather,
Chemicals and Deugrists' Sandries, China, Earthenware and GlasswATO, Cycles, Motor Cars and Accessories, Drapery Milknery and Fiece Goods, Fancy Goods and Perfumery. Hardware, Machinery and Metals, Jewellery, Plate nad Watches, Photographic and Optical Goods, Provisions and Olmen's Stores,
etc...etc.
Commission 2% to 8%. Trade Discounts allerted. Special Quotations on Demand. Sample Cases from £10 upwards, Consignments of Produce Sild on decount.
WILLIAM WILSON & SONS (EXTABLISHED 1814),
25, ABCHURCH LANE, LONDON, EC. Cable Address: "ANNUAIRE LONDON.
SAVARESSES
SANTALA CAPSULES
PHYSICIANT RECOMMEND THEN:
GODNOTU apuse - MaNDO EN 20.
BANK
BANQUE INDUSTRIELLE DE
CHINE...
*
Subscribed Capital, ... France £5,000,000 PAID UP CAPITAL
22,500,000 (1/3 of the Capital, ... Fran 15,000,000 subscribed by the Governmant of the Chinese Republic).
Chairman of the Board
of Directors...... ANDRE BERTHELOT General Manager..........A. 3. PersOÏTE.
HEAD OFFICE):
74, Rue Saint-Lazaro, PARIS, BRANCHES: (PEKING,"
SHANGHAL TIENTSIN. HONGKO
SAIGON. HAIPHONG, YUNNANFOU.
BANKERS:
非
BANKS
ONGKONG & BEANGELEDERLANDSO
PAID-UP CAPITAL...
£1,500,000/$15,000,000
REE FUNDE...
Sterling
Silver
19,600,000
$4,500,000
RESERVE LLABILITY OF
PROPRIETOR
DSORT
[AATSCHAPPIJ.
MAATSCHAPP
CHRZANDE TRADING SOCIETY)
ESTABLISHED 1324
AUTHORISED 】
$18,000,000 CAP AL £75,000,000 (£8,257,6 I
COCET OF DIRECTOHS. Hon. Mr. P. H. Holyoak.-Chairman, G. T. M. Edkins, Esq..-Deputy
Chairman..
H. Dodwell, EqE. V. D. Part, Esq. 0.8. Gubbery, Esq. Hon. Mr.
J. A. Flummer, Esq.
D. Landale, Hon. Mr. E. Shellim,
W. L Pattanden, Esq.
CHITI MANAGE Bongkong-NJ. STABB, Esq,
MANAGER: Shanghai-A. G. STEPHEN, Esq.
4
LONDON BANK-LONDON: County And WESTKINEZEZ Barx, Livesen.
HONGKONG IT REST ALLOWED,
PAIDOT
CAFEAL
REAKEVE
FUND
60,000,000— (28, (09.14m), 11,585,461 (£ 906,200
HEAD OFFIORAMETERWAM, Branches at
Botterdir
HEAD AGENCY-BATAVKA,
The 'Hague
Branches ab
RAYGOOF,
SAMATANO,
SKANGELL
BANDJREMAKIN BANDOING, . CHBAIBON,
DJEMBER,
EJOEJAKARTA,
KETA RADIA,
MAX LAN PADANY PALEMBANG, PEKALONGAN,
SLIGAPORE, BOUKARAKA
SOFBAKARTA (Solo).
TRAENG TINGOS (FRE TBCAT TILOK BRING,
dents
at Bombay, Colourbe
Saigon Haiphong, Hanol, Amy, T
On Ourrent Account at the rate of Two Madras, Pradialey, Calorica, BAIK the per cent. per annum on th daily balance hams, Kobe, Melboarus, Bydney, New
·ON FIND DEFONIUS Depa
For 3 months 3 per cent. per manum.
6 13
19.
ת
11
п
Chist Manager.
N. J. STAEB,
Hongkong, March 23, 1918.
HONGKONG SAVINGS BANK.
M
THE business of the above Bank is 1 conducted by the HONGKONG AND BHANGHAI BANKING OOR-
York, San Francisco, dam
FORDOR BATKI: The Unfor London and Smiths Bank, Idmited.
The Bank bays and selm, and reosTERP
for collection Bills of Exchange Lucer Satters of credit on the Besucher and Correspondents. In the Easty on the Continent, in Great Britain, America, And Australia and bannga banking business of every dementption, 20
J. F. VAN REKA, Manager
Hongkong, Sept. 23, 1917.
PORATION. Bules may be obtained on THE application.
YOKOHAMA SPROLE *BANK, LTD.
Bezantingen - 1880.
-- ÎNTEREST on deposita is allowed on the minimum monthly balances at 3} PER CENT per annum. Depositors may wansfer at their option balances of $100 or more to the HONGKONG AND Aursgaard, CAPITAL...You 48,000,000.00 SHANGKAI BANK. to be placed on PAD UT CAPITALAN #42,000,000.00 FIXED DEPOSIT at 4 PER CENTRELY FUND
per annum
For the Hongkong and Shangha
Banking Corporativo.
N. J. STABB,
tomas is 23,100,000.45.
HEAD OFFICE YOKOHAMA
Chief Manager.
BOMBAY ..
517
BUENOS ATES
Rongkong May 14, 1916.
BRANCHES AND "Aozyoter ART
NEWCHWING
NIW TO
OSTA
PEELT
RANGOON
CALCUTTA CHANGCHUM
OF DAB (Dazny)
Forks (MaazEN
BIFLOW
SAN FRANCISCO
BRATTLE SHATUBAI
BANK THE CHARTERED
„INDIA, AUSTRALIA & CHINA.
INCORPORATED BY ROYAL CHARTER 1863.
HONOLULU
BIKIN
SOMEX
Eur Your
SINGAPORE
HEAD OFFICE, LONDON,
KOBE LONDON £1,200,000 £2,000,000
LOS ANGEZE LTONS MARKA £1,200,000 NADAMAKI
BOZKARATA
SIDNEY FIENTEIN
TOKTO
TRIKANTU
TRENGTAX
FAID-UP CAPITAL: am REKEY FUND.
RESERVE LIAREST OF PRO-a
FREETORN
:
FOREIGN EXCHANGE and General Banking business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS roceived for 1 year or shorter periods at rates which will be quoted on application.
TO. DOWNING,
Con Manaver Hongkong, May 7, 1917.
THE MERCANTILE BANK OF INDIA, LIMITED
THE
THE BELGIAN CHILDREN'S FUND in Holland, under the Presidency of H 8. H. Princess A. de Ligne appeals for help in the work of bringing sick and debilitated children FROM BELGIUM into Manila, Keelung, Shanghai, Nagasaki,
Holland, where they are fed, clothed and medically favoriser le Développement de authorised Capital Kobe, Yokkaichi, Shimidzu & Yokohama. cared for, and when restored to health are returned in LONDON: Londen County & West. Bourra Fide
Operated by the magnificient and splendidly equipped to Belgium, for funds do not permit more. Passanger Steamers "Fushimi Maru," 12 Suws Maru," Kashima Mara" and "Katori Maru," each of over 20,000 tons displacement.
Next sailing from Hongkong: *Suwa Marn, WEDNESDAY, 14th August, at 11 am
Fushimi Mara, WEDNESDAY, 11th Sept, at 11a.m.
Manila Eastbound.
::,་།
For further information apply to
NIPPON YUSEN KAISHA,
B. MORI, Manager
UNLESS YOU HELP
pour
In FRANCE: Société Généralé :
Commerce et de Pindustrie en Fald-up
Subscribed
, minster Bank, utdan CLA NEW YORK Redond & Co.
Correspondents in the chief cam mercial centres of the world.
RANKERS
£1,500,000 2-185,000 682,600 850,000
BANE OF ENGLAND), ' LONDON JOINT STOCK BANK LexitaD
Every description of Exchange busine
THIS LIFE-SAYING WORK IN HOLLAND CANNOT BE CONTINUED, AND MANY Interest allowed on Current Account transanted.
Was affanni Wudy on Telegraphia Add GRIND..
CHILDREN MUST PERISH
Interest allowed on Current Accoundr Deposits received for Axed perioder rates to be obtained on application.
EISHI ONO,
Borgsong, 11 March, täta,
NOTICE.
HIGH-CLASS PRINTING
BOOK BINDING
DORE AT
THE CHINA MAIL OFFICĘ 1
BOOKS & PAMPHLETBA SPECIALTY
Tammes, Means, ato, ets Artistically Arranged and Carefully Printed.
and Fixed Deposits in Local Currency and in Gold Terms on application.
Every description of Banking and INTEREST allowed on Current Remittances to Hon. Treasurer, "Working Men's Exchange business transactovunts at 3 per cent per andam Prospectusow, Trade Circulars
Special DE JOURNEL
for French exchange on Daily Balance and on Fixed Deposits ut raten which may be pecertained on application Belgian Fund," (Registered War Charities Act, 1916)
Manager
OBAMPKIN AKRA HONGKUNG BRANDELA armarked for Queen's Boikings, d 32, Grosvenor Place, London, SW1
6, Chater Road. the Belgian Children's Fund
Bongbong, Am & 1818,
Acting, Manazw
Tel. 2540 No. 7 Queen's Road Central.
prompt