TUESDAY, FEBRUARY 3, 1920
HOW £60,000,000 WAS SAVED.
PROMPT LIQUIDATION OF WAR
CONTRACTS.
The Daily Chronicle says: 1: is noted with approval by the Committee on Public Accounts that owing to the 'prompt action taken by the Ministry of Munitions at the armistice to liqui date contracts, by March 31 this year, 99.9 per cent, of the production had ceased at Д saving roughly of
£60,000,000.
In the case of a contract for the supply of rifle components, the com- mittee regal its terms as unsatis factory. Though the capital expen- dirore was nearly all provided from public funds, profits-450,000 on a tarnover of something like £300,000- -was irrespective of successful out- put.
UNZUSINESSLIKE."
This was due to an understanding ; with the firm that whatever the result of the contract the plant and buliding. provided by money lent by the Minis: try should remain the property of the firm.
The Committee do not consider business-like arrangement." this Having regard, however, to the neces- sities of the times and the fact that: it took the same shape as other ar rangements entered into about that date, no further action, says the re- port. is now possible.
A good deal was heard in previous reports of the nitro cellulose powder factory, and its history is now con- eluded.
CLOSED DOWN.
As soon as America come into the war the need of the factory no longer existed, and all work was closed down. The total loss was about £750,000 en i a scheme which, if completed, would have cost not less than: £6.500.000,-) and probably much more.
Most of the expenditure was on the lay-out of the site, and its subsequent restoration. Contract commitments
for £3.000.000 were got rid of for £75,000 compensation, no profits being given to contractors. in respect of cancelled items.
BABY HAD ECZEMA CUTICURA HEALS
On Face and Head. Very! Restless. Scratched Dreadfully.
"When my baby was six weeka nid The inks out with a bad msh en his If ce and head. I was told it was con Ferda. The child was very restiesu Fond scratched himself dreadfully so (thuel had to bandage his head and
hindu. We got very little sleep.
pton Faled Cuticura Soap and
They stopped the burning!
FOR
and webing and after using two boxes) | of Cutters Ģintment with the Soap he| von quite beaird." (Shred) MUS. L.) Bambu, 45. Vietoria Rd., Baghton.
Should. Bug
Most Băin troubra might be pre- Įvented by using Cutleura Scap undļ
} Ointment for every-day to fit purposes.
Sust to cleange, Pintatent to beal. P
|| Depots Py Newiery & Sons. Lich, 27, Char| Frarkausa Sa, London, Said everywhere
"WALLA WALLA" MOTOR boats
are built for your service.
(HONGKONG STOCK EXCHANGE.
HONGKONG, 3rd FEBRUARY, 1920. OFFICIAL QUOTATIONS.
Sterling Exchange 5/5) T. T. Hongkong Banks,
$5301
Carton Ins
$390 b.
North China Ina. - Union Las.
$160 D
180 ..
TH
$280 0.
Yangtze Ins. Far Easterns.
FIRM INSURANCER.
Uhina Fire Ins, ma Hongkong Hre Ins.. BENG,
Ra
-
T.29 2.
13. $910 5.
Dongle
H.K.Steamboata ... Indo-Chines (Pre
$20
$89 4. b. 205..
$20.
-
2100,
Do.. (Del.) ...
Shell Transports.... Star Ferries
China Sugars Malabon Bugare MOKING.
།
***
100 Dat
$201 an su₹47 8.
Kallan Mining: Adm. Langkats...
Shanghai LoanS.
'bal Explorations... .......
Ranba
Tronah Mines
Ural Oscplans
-149.2.
T. 14 a.
"91 .
DOCK, WHALYH, Gorowys, do.
H&K. Wharfs: ...
H. & W. Docky Bhai Docka...
New Engineerings
Lars, Horta à BuitmireL.
THE CHINA MAIL
BANKS.
ASIA BANKING CORPORATION
HONGKONG.
Announces that the Italian Government Treasury haye appointed them Fiscal Agents in China.
to offer
ITALIAN GOVERNMENT 5% CONSOLIDATED LOAN
Subscriptions open until March 10th for these bonds, issuing price Lire 87.50 plus interest.
HEAD OFFICE:
NEW YORK
OTHER BRANCHES :
SHANGHAT
PEKING
EXCHANGE.
in
HANKOW
MANILA
TIENTSIN CANTON
CHANGSHA
Hongkong, February 3, 1920.
Bank, Wire
month sight....
Crodits, 4 months' sight,
Documentary 4 months' sight 5-8 On Paris-
On demand,
Credits, months sight, 1510
TEL INDUSTRIAL AND COMMERCIAL BANK, LTD.
Head Office:&Dea Yance Road, Central, Haskow Branch: Kzerian, Gonoszilen,
BANKS.
JDANKS
HONGKONG ARANGHAI THE MERCANTILE BANK OF THE CHARTERED BANK OF
BANKING CORPORATION.
PAR-UP CAFIRAN REZAVE FUNDS
Lan
„$15,000,805
', '
.Sterling £ 1,8 10,000
Silver
$31,000,000 BMXVI JELENT OP }ROFETHIORI. valva 100.
INDIA, LTD.
HEAD OFFICE:
13, Goochurgh Street, London EC. 5.
A INDIA, AUSTRALIA & CHINĂ.
INCORPORATED BY ROYAL ÜKÀBING
1883
स
HEAD OFFICE: LONDON.
Capital Authorised and Sub-
scribed
***
*
£1,500,000
14.000.000
Faid-ap
+4
750,000
Reserve Fund and Rest
788,700
Pato-be CastYAL- Režavi Fur A
Cocre of DruroTORË! J. A. Plummer, Esq.--Chairman. Hon. Mr. E. V. D. Parr,-Deputy
Obaman. J.W.O, Bounas, Esq | F. E. Holyoak, Esq. A.F.Compton, Rag. Hen, Mr. A, B a Fon. Mr. S. B
Johnstons, Dodwell. W... Paltenden Exy, 8. Outbay, Raq. Ross Thomson, 597.
CHIE MANAGE: ! Hongkong- N. J. ETABB, Esq..
MANAGER
Shanghai-4. G. STIPRIJ, Eq. LONDON BANK LONDON COUNTY a
Warrants & Para's Boxe, Lao.
Howwkowa—IngkEMET ALSOWED.
On. Current Account as the rate of "Two
· per cent. par Annum on the Daily Balance.
O FED DEPOKITE Š
For 3 months sy per cent, per annum.
€ 11
M
N. J. STABB,
Chief Manager Hougkong, May 26, 119.
HONGKONG SAVINGS BANK.
DOMESTIC & FOREIGN BANKING. THE business of the shore Bink is
SERVICE PROMPT.""" Current, Bavings, and Fixed Deposita bear Interest at Rate 9%, 4%, 5%. respectively.
Inquiry on our SPECIAL SERVICE |will be welcomed.
426.
... 20, n.
$8% b. $145 b. 150 s
On London-
York
8110 n.
828 b
น
On demand....
14
30 days' sight..
Contral Estates:
$109*:
Rongkong Hotel
$112 b.
Rongkong Lands. ...
$109
Humphreya
Kowloon Landa
153 n.
M
On New York-
$133.
858. n.
Do demand, một
971
Credits, 60 days' sight, --
Boughing, July 7, 1215.
On Bombay-
$480 b.
Wire ***
.... 2011 z.
Kong Yika
946 b.
Laou Kang Mows...
2300 ..
On Calcutta-
Wire-
.... 201 2.
Orientais ba
$:9: D.
Shanghai Cottons....
2315 b
O 1 Engapore
Tangtamepoca
$34 b.
Dr demand,
2831
On Manila-
On demand,
198
Jn Shanghai-
...nom.
Land Reclamatilors
Want Pointa
COTTON MILLB
Ewo Cottona
MISCELLANEOUS.
Cements...
China-BornoON
On demand.
On demand
(Bu demand
... $12 b.
China Laghta Old #7) as. & New $5 b.
China-Providenta
Dairy Farms, HE. Electrica
Macro 10.
Hongkong Ropes
ל
Expe
30 days sight(private paper).nom.
On Yorubama
On demand,
1964 33 Gold BenL-100 fine (per tael) Sovereigns (Bank's buying rate) $ 3.60 n.
84 Stiver (per oI.) "GE___
SUBSIDIARY CO. Hongkong 50 cents sub... 15 % pm.
10
Chinese coins
. זי
$1.70 b.
TO
120-1929.
...187 a
$34.
$ £ 8.
E.E. Tramways ... FoskTramways (Old).......
da.
(New) ...
475-
19
... 93% pm.
#7 &
... 74% piri.
21
7 % pm.
.80 m. $34 b. $:0
Ear Silver in Hongkong 'hiness Copper Casa... Chinese Copper Cente Rate of Native Interest Chinose Sab. Coin m Hongkong Sub. Coin
pm,
pm
Steam Laundries A.K. Steel Foundry ... Water-bon:s Watsona
Wm. Powells Wiseman'
100
+4
TAIYO & CO.
JAPANESH
BOOTS AND SHOES HAD TO ORDER
N., Wyndham St.
itb.
85) 20. $12.5.
827) Lu
Pennsylvania
VACUUM
UALITY in
a
6000 MILE
CORD
27% p.m.1
sz pm.
THE CHINA FROVIDENT LOAN AND MORTGAGE CO., LTD,
(Capital Paid up-
$1,550,000.)
Les on Mortgage of Hansa Frosarig, #k Gooda received in Storaga Advazem runde en bi mogandiva.
M Loane Made Outse Proridant Bystem,
TREETEX, IKECUTOR UF WILLS, AVTORNEY, Ji, Undertaken and Exam1166, (ata and Partinalaruan Applicationi
SHEWAN, TOMES & CO. Omeral Managers.
CUP
TIRES
tire is not appreciated until it asserts itself through long
continued trouble-free performance.
The gauge to this service is the mileage total recorded when the casing finally is discarded.
44
The notable achievement of nine stock tire- which, put to official finish test by the Automobile Club of America, averaged 6,760 miles, definitely established the un- usua quality of Vacuum Cup Tires. "
The rainy day certified test of the Pitte- burgh Taxicab Company-in which a heavy car equipped with Vacuum Cup Tires was driven around a wet corner ut 25 miles an hour without skidding-
conclusively proved the guaranteed ability of the Vacuum Cup tread to resist skid- ding on wet, slippery pavements.
In addition to this proved driving safety. and the mileage guarantee per warranty tag-of 6,000 miles, Vacuum Cup Tires are reasonably priced. They cost approxi- mately the same as ordinary 3,500 mile tires and much less than other makes carrying equal mileage, surety.
SPECIAL PRICES.
ON SIZES AVAILABLE FROM STOCK IN "HONGKONG,
Clincher
30" x $1"x4;
Straight Side
3x4
Le dicoot days 81%. 30 days Net.
Prics Back Tiren 80.00...
m4.00
$5.00..
[Makers also of Penäxylvania Auto Tubes "Ton Tested "
FENNSYLVANIA RUBBER COMPANY, Jeannette, Pa.
GERIN, DREVARD & CO.
Telephone 114
Bole Agents in South China,
3. CHANO LY,
MARKET,
THE CHINESE HIRORANTS BANK LTD.
ז,
HEAD OFFICE: Alexandra Buildinga, Chater Road. General Banking and Exchange basi- ness transacted.
Loans granted on approved securitize. Current Accourts opened and Fixed. Deposits received at rates which may be ascertained on application.
The Bank also conducts & Savings Department.
. DONG TOY,
Chiet Manager. Hongkong, January 3, 1950,
NOTICE:
DELE TRAMWAYS' COMPANY, LIMITED
TIME TABLE,
WEEK DAYS.
2.00 .m. no 8.00Lm... Every 15 minuson -8.00m. bo. 9.50 x.... Erary 10 planter. 9.50 to 11.00.a....Every.15mlashes- 11.30a.m. se 12.30 pim... Every 18mins 19.30 p.m. tu 2.00. p.z. E-my-10lmicabon-- 2:00 pm, be 5.00 p.m... Erers 18 minuter. 5.00 p.m. to 8.00 pm. Every 10 mlautas,
NIGHT CAKS
9.60 p.m., 9.00 pm, 1.21 pm, 9.20 p.m. to 11.30 p.m. Every 30 minutes
.. 11.63 m.
SATURDAYS. EXTRA CAR- 12 midnighi.
#7:30 1.17-
SUNDAYS,
8.00 to 10.37 Every 15 mm 10,30,50 11,00 m. Every 10 malam ben. 11.30 am, to 15 nom. Every 15 minutes. 13.00 noon to 100 m. Every 10 minutes 1.00 pm to 6.30 pim.....Every 15 minutes 5.30p.m. to 1.00 pm. Every 10 miastem 6.00p.m. to ₫ 20 p.in...Every Ibastantes. 6.30pm. 100 p.1.Evi ry 10 misales. NIGHT DERS as on Werk Daya.
-
SPECIAL CARS by arrangement at the Company's Office, Alamodra Buildings,, Des Your Bord Central.
Besson and punch Hakata available for | all mam nos already full running së the time stated in the Company's time-tables, but not for special cara, can be obtained on application at the Company's Office. No Senson Makebill be loomed until payment thirstik, žas been made in Hank Notes or by Choe of Colopradore under reprenting Bank Notes,
JOHN D. HUMPHREYS & SON, Geral Managers,
NOTICE.
HIGH-CLASS PRINTING
AND
BOOK BINDING
DOWN AS
THE CHINA MAIL ́ ́"OFFIOS.
conducted by the HUNGKONG AND - SHANGHAT BANKING COR PORATION. Eales may be obtained on appliation.
"INTEREST on deposita is allowed on the minimum monthly balances at S PE GENT. per annom. Depositora may transfer at their option bakmoss of $100 or more to the HONGKONG, AND SHANGHAI BANK, to be placed on FLAND DEPOSIT ** 4 PER CENT.
For the Hongkong and Shanghaf Banting Corporation,
N. J. STABB,
Chief Manager Hongkong, May 14, 11:18-
BANQUE INDUSTRIELLE DE
CHINE
(FRENCH, BANK). ·
Matt J
Reservs Liability of Share-
holders
BANKERS:
N
750,000 RZYS LIABILITY OF
PROPROCTORS
The Bank of England. The London Joint City & Midland
Bank. Ltd. BRANCHES:
Bombay Hongkong Caluutta Howrah Colombo Randy- Dalak ** Kacht Daile Ko Bhar
Khala Lempar Razgoos Shaaghal Madra New York
Singapore
Penang Port Luala Qisuritius).
Every description of Banking and Frahange business transgoted.
INTEREST allowed on Currant Ac counts at 1 per cent per annum on Daily Balance and on Fixed Deposits at rates that may be ascertained on application...
CL
C. L. SANDSsgar.
7 Queen's Bond Central, Hongkong, December 11, 1919.
THE BANK OF CANTON, LTD
HEAD OFFICE; -PONGKONG,
ESTARLISTED 1812. Paid-up Capital... Bezyer and Undivided
Profita
$3,000,000
300,000
FOREIGN EXCHANGE and General Banking Buster tranenqtaď..
CURRENT ACCOUNTS opened and XOXED DEPOSITS Racetred.
INTEREST ON FIXED DEPOSITS Monthe 3% per annum. For 8 Months 42 per annum. For 15 Months 41% per annum.
For
.
LOOK POONG SHAN,
Chief Manager.
Hongkong, March 10, 1913
THE BANK OF CHINA,
行跟國中
Epecially authorised by Froeldential
and of November;' 1917).
་
BUSHCRIBED CAPITAL F. 150,000 000 Mandate of the Republic of China on the PALD UP CAPTRAY B
077,600,000 *(1/2 of the Caplčal, (i,, Transi 15,000,000
embrarlbed by the Governmani of ike Chinese Republie)..
P
Chairman of the Board
of Directors Andra Berthelot General Manager.A. 7. Fernotto.
HEAD OFFICE: *74. Bus. Saint-Lazare, PARIS.
DBRANUBES
PEEING.
SHANGHAL
TEENIGEN,
BAIGON, HAIPHONG, TUNNANFU
HONGKONG, VLADIVOSTOCE HANOL
CANTON,
YOOCHOW MARSEILLE
"BYBKIES":
Authorised Capital ..............#30,000,000.00 Paid-up Capital
........................ 12,178,800.00
Reneurs Funda............
2,197.400.00
HEAD OFFICE: PERINO.
HONGKONG BRANCH: 10/31, Connaught Road, Citral Branches and Bub-branches all over China and Corres pondents in "San Francisco, Singapore and Tokyo.
London Bankers: The National Pro-
**
£2,000,000 ***£900,000
*** £2,000,000 FOREIGN EXCHANGE and General Banking business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter periods at rates which will be quoted on application
J.L. CROCKATT
Siangor.
Hongkong, January 1, 1994.
THE BANK OF EAST ASIA, ETH.
HEAD OFFICE: No. 3. Queen's Bond Central PAID-UP CAFIZAD; +. $1,000,000
...
Drumeedits:
Mr. Pong Wal Ting-Chairs. Mr. Chow Shoe Son, Mr, Kan Ting Po Mr. Li Loon Chai Chen Kal Ming, Mr. Mok Ching Kong, Mr. Tang Thug Ben, Mr. Wong Tun Tong, Mr. P. Kwak Mr. Chen Ching Shot, lir. Ng Chang Lak
HANAQIN
Kan Tong Pe.. ANT. MAYAGIRL The Foog Avery Amerindian of Banking and Rectang İspanacont. Ioan praated on: approval
* Inserat złomad as Carreal Bayonet Lovergi At the rate at TWO DO MRI, PRE ARUNDI, ANC) 98 “Stand Deposite as the tollving at
Jarmon the at the rate of 3%, per azmes. For the at the rate of 472 par antuk.. For 12 months at the rate of UX par E C
KAN TONG PO
Chief Manager. Hongrong, March 12, 1919.
BANQUE DE LIDO CHIZ (PRENOR BA TEJ
HEAD OFFER
15bia Ras Lafitin: Parla
Caplis
- Era 48,000
Keseroines selections one.
BRANCHES
Brazo
BATESMA254 Momorza
10,000,000 AGENCIES-
841007: SMATOMA
NOVETA S
PAPLINK T
Carson
Da
Haigusa HIXO
Pune
A
BANKERS
-PVLADIVESTOCK
PornoBiz
IN FRANCH: Comptoir Nations. d'Eampe de Farta; Credit Lyonnaiss et des Pays-Bas Credit Industrial et Commercial, Sociste Oenerals
Banque de Paris
IN LONDON: The Rational Frovincia 4 Union Bank of England, Std.; Comp- air Fational d'Escompte de Paris; Credit Lyonnair
IN NEW YORK; J. P. Morgan & 0.
Lasarest allowed on Current Accounta and Fixed Depoeta according to arrangements.
Every description of Banking and Exchange Business tempekcięć.
L. BERINDOAGUE,
Managar Hongkong, Dec. 1 1919
vincial and Upion Bank of England THE YOKOHAMA SPECTE
Ltd.
In FRANOM: Société Générale pour INTOTES 18~ Développement da Commerna es de Pindustrie en New York Bankers":— Irving Trust France.
In LONDON: The London County
Westminster & Part's Bank, Lin. The London Joint City & Midland
Bank, Ltd.
In NEW YORK: Bodmund 800,
Corronendenin in the chief com- mercial centres of the World.
Telegraphia Addrow: CHIBANKIND
Interest Lilowed on Current Accountál and Fixed Deycufta in Local Currency and in Dold. Terma on application.
Every description of Banking sod Exchange business transacted.
Special facilities for Trench exchange,
M. ROUET DE JOURNEE,
\UREST BONORUNO BRANCE: Queer's Baildings, 6, Obaber Boad, Hongkong, March 31, 1919,
·EDERLANDSCHR
MA
Tel. 2440
HANDEL
AATSCHAPPIJ.
(Nurmuntanyo - Trasime Boctawy).
Authorized
Established 1824
Capital!
.100,000,000 £3,333,33* Fald-Up Capital F, 80,000,000 £6,620,668 | Reserve Fund... F. 14,590,546 £1,815,879 Special Reserve F. 17,000,000 £1,416,660
HEAD OFFICE~Anatardim,”
Reinaben st
The Hague
Botterdam
HEAD AGENCY-Batavia, Branches:
Bandermaaln Rangoon
Bandoeng
Cheribon Djember Djokjakarta Kota Radja Maca Medan Padang Palembang Pekalongan Penang Pontianak
Samarang
Bhaagba
Bingsport
Bourb
Boer karts (Solo)
Towinggi (Dell) !
Telok Betong Tyllatjap Weltevreden
Correspondant at Bombay, Colombo, Madras, Pondicherry, Calenka, Bangkak, BOOKS & PAMPHLETSASPECIALTY Balgon, Haiphong Hang, Amoy, Tok
Prospectuss Trade Olrexlars
Company...
Interest allowed on Current Accounts and Fixed Deposits.
Terma on application.
Every description of Banking Business transacted.
BANK, LTD.
ESTABLISHED 1280
· AUTHORIIND CAPTUAL Ten 100,000,000
|
Pám 12 Carital
REXIVE FUND -
$1,000,000 18,000,00
HEAD DET-YOKOHAMA BRANCKTE LID ÄSIKIR AT
BAPATIA BORLAY
· Loans granted on approved securities.
Special facilities for Home Exchange: | CikoCTIA CA
Interest on Fixed Deposits at the CE following rates—
For 3 months-3% por annum For 6 months1% per annum For 12 months—12 per sunum
TSUYER FEL
Mingm
Hongkong, January 16, 1920,
THE BANK OF TAIWAN, LTD..
(TAIWAN GINIO).
ÎNCORPORATED Sex Bramas LowRTAL CHARTER, 1800,
Ospital Subscribed... Yen 81,000,000. Carital (Paid-up) 37,600,000. Reserve Funda
1,030,000,
HEAD OFFICHE : TAIFEH, FORMOJA,
BRANCHES":
JAPAN-Tokio, Yokohama, Kobe,
Osaka, Moji
FORMOSA-Giran, Kag Karenko, Keelung Makang, Nanto, Finan, Shinchiku, Taicha,......... Tainsa, Takor. Tamsul, Tobyen, Ako CHINA-Shanghai, Hankow, Kiuklang, Amry Foothow, - Bwatow, Cat OTHERS- ngkok, Hongkong, Binga
Soerabaya, Bemarang. Batavia, Bombay, London, New York.
LONDON BÀNKERS:/ London County, Westminster and
(ende: Parr'a Bank.
“Kobe,: Melbourne Bydney, Now |-- York, Ban Francisco, from Monroe
The Bark Yau Corpondents in the LONDON BANKane si The Landon and Brilba Bank Limitede, Zand Commerei, Controw In Karoport. Don- The Bank beys and sells and receive tinent, R, Manchuria,Tsingtao, for colletion bin of Kachargey from Japan, Indo-Chins: Siam, India Philippine letters of geedte on He Fiszches and Talarida, Java and other Dutch India, Correspondents the arun ribe Australia, Amerion, Afzien, do, an Continenty in. Grost. Britnika Zawarkan Interest allowed on Currant Acconti, and detralls, and, frangetan, banking and Fixed Deposite stirates which will be busines of every descriptionegr
quoted on appostion
"Hongkong:
BEIZO KONDOH.
•Manager,
HONGKONGTBEANORT
* Des Voeux Road Central,
Kawong
NOT YORK
ORLA
Perin
Resort
DAMIT (DAY) Terassa (Hernie) Brattle
Bax Frazo.800
HAYLOR
BRAINA
Hotarar
SAZAD.
Beats
Ku Yum
BOSALTA
Kos
REDIT
|LANDER
Yaaye
LYOUK MANIA
TRIMAN PO VLADIVORTICE THESAU
Interet allowed as Current AccULTI Depoeta recefred for red periods at ratos to be obtained on application.
G. HASHIDZUMS,
Manager. Hongkong, December 8, 1918,
FORTH "BRITISH & "MERCANTILE INSURANCE CO.
WINE AAN VARIED ERA MAXSU. 43 THE OCEAN MARINE INSURANĆE COMPANT, EAD,
THE RAILWAY PARSINGURI
ABROBANOK 0,
STKOZÁRFID av čist Dammber, 1914
#35, 970,867 whbored. Capital 6,000,000 Beberbed Caphs) £4,500,000
Edie & Antally Feude Sinking Food Arcount.
Revenne Fry Branch
Life and Langity ..Branches Bevozime Marine. Dye hol
Other Berrima
Bribekak ere ezazately lavaried, hade br firs of Funtomerk, kry het.
Start of the Goor peri