Page

HONGKONG & SHANGHAI THE BANK OF EAST ASIA,

BANKING CORPORATION,

ARAD OFFICE: HONGKONG, AUTHORISED CAPITAL............ $50,000,000 ISSUED AND FULLY PAID UP $20,000,000" Restave FUNDS:-

STERLING........ £4,000,000 SILVER 825,500,000 RISKEVE LIABILITY OF

I

PROPRIETORS... - dia. §.

$20,000,000

COURT OF DIRECTORS:

* W. L., Pattenden, Bay--Chairma

H.P. White, Esq.-Deputy Chairma

B. D. F. Beith, Exp

W. H. Ball, Esq.

A. E. Campioni "Hagi,

Hon. Mr.P.H. Holyoak

Anh Long, Kon

1. A. Plummer. Esq.

T. G. Wal, Raq

G. M. Young, Eaq.

CHIEF MANAGER: A. H. BARLOW, Esq..

Hanager: Shanghai-G. A. STITT, Esq.

LONDON BANKERS. Westminster Bank, Ltd.

CURRENT ACCOUNTS opened" in LOCAL CURRENCY and FIXED

DEPOSITS received for one year or shorter periods in Local Currency and. Sterling on terma which will be quoted on application.

Hongkong, 25th November, 1024.

HONGKONG SAVINGS BANK.

THE

LIMITED.

HEAD OFFICE :—

No. 10, Des Voeux Road, Cantra), Established 1919. ÁIETOKIRED CAPTAI¥ .............................$10,000,000,00 PAI-UT CAPITAL,............ $8,000,000,ON, YURDurumu . $750,000,00

B

Every description of Banking and Exchange DEALDSON, KEANU Nied, Losas granted en ape

· papred svetrition,

Jaturock allowed on Current Deponis"ApoDUNA at the rata of Two par osat, per annum on Saving Accounts Four per oper samum, and on pix.J Deportatis following ratest-

For months at the rate of XX per AAREM Fosentha ah iza rade ́ ́AŽ DOT ANNUAL For 15 months at the`rate sa 5% per anusa, "KAN. TONG PO,

Chiet Manager.

Hongkong, March 8th 1999

NEDERLANDSCHE HANDEL

"MAATSCHAPPIJ.

(NPTEINLANDI TRACE: Socrmer.)

ESTABLISHED 184. HomeKONG BULTOR Entahlaxes 1908,

THE CHINA MAIL.

COMMERCE AND FINANCE.

BACK TO GOLD.

LONDON'S FREE MARKET.

BANKER'S VIEWS

(Router's Service.)

· DIVIDENDS 'FOR 1924:

HONGKONG, CANTON AND MACAO STEAMBOAT CO., LTD.

*

We are 'nuthorised to state that the Hongkong. Canton and Macao Steninhout Co., Ltd., will pay a final dividend for 1024 of 91 and 4. bonus of $1, making in 'all - 48

CHINA UNDERWRITERS,

SPECIE IN JAPAN.

FIRST MOIETY 'RELBASED.

(Reuter's Service)

Tokio, January 21. Acording to a statement issued by the Department of Finance, the Government bas released, at the request of the Yokohama Spocie Bank, specia totalling" 6,000,000 yen,

It is understood that this in the first of a series of similar releaseDa during the curfent year.

EXCHANGE.

Hongkong, January 17, 1915. On London-

Bank, Wire....

2/3

"

47

On demand... 1/3 16/18 11 20 day's night.

London. January 21. Mr. Goodenough, the Chair-for the year. man, addressing the annual meet- ng of Barclay's. Bank said re- turn to the free gold market of London was most important. In-

Particulars of China Under- dications seemed to show that a

car was not far distant. The writers, Ltd., have been filed pur free gold market was the surest suant to Section 274 of the Com- The

4 months' sight-4-| guarantee of stability for world panies (Consolidation) Act,

Credits 4 months” sight ...3/4-1- Documentary, 4 months aight 94-7 prices and for confidence, both of capital is 000,00 dollars in which were essential to good,000 shares of 10 dollars each. On

On demand.... The company was incorporated in

1030 trade..

Hongkong of January 21, 1924, to Crodita, 4 monthy' night .......” 1130- It would be necessary, to pro-entry on all kinds of insurance."

On demand...

Ch whom, On New York- Authorial Capitas .150,000,000 £12,500,000 vide sufficient safeguards against guarantee or indemnity business, in

Da dornand Pald-Up Capital...G. 84,000,000 € 4,686,470 the possibility of having to revert particular life, sickness and accident Reserve Fund G. 20,45,81,870,418 to restrictions on gold, and there huge, maring fire, typhoon, Special Reserye...G. 29,860,000 £1,338,880 should also be, some means of burglary, robbery, theft, fidelity. avoiding the unduly high rates employers' lubility, earthquake and for the protection of gold re-transit insurance, etc. The British | serves. The knowledge that the address_is_71-72. King William- friendly co-operation of Amasin street, B.C.4, where A. J. Colling was available in case of need is authorised to accept service of would be helpful in considering process and notices on behalf of the precise moment for re-open-the company. No list of directors ing the free gold market ins yet been filed.

HEAD OFFICE :---Amat eriam,

Cheribon

The Hague

Makwear

Bombay Djember Kobe Medan

Palembang Poolongan

Pentlarak Rangoon

· EASTERN HEAD OFFICE :--ṛatavia BRANCHES- Bandermaal Bandoeng. THE businos of the above Bank is Celenta

conducted by the HONGKONG jakarta Kota Radis AND SHANGHAI BANKING CORPadang PORATION Bules may be obtained Passag Da application.

INTEREST on leposita is calculated on the lowest balence during each com ploted alonlar Month at 31 per cent, per annum. Should there be no balance on any day in a month no interest will be allowed for that month,

Depilars may transfer at their optich Balinco of $100 or more to the HONGKONG & SHANGHAI BANK to be place on FIXED DEPOSIT at CURRENT RATES.

For the HoxUKONG & SHANGHAJ

BANKING CORPORATION, AHBARLOW,

Chlef Manager

Hongkong, 7th January, 1925.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

www.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

,£3,000,000

Reserve Fund

.$3,900,000

Reserve Liability of Pro-

prietors

.£3,000,000

FOREIGN EXCHANGE and General Banking business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter period at rates which will be - gusted on application.

A. H. FERGUSON,

Manager:

Hongkong, May 8, 1923.

BANQUE DE L'INDO-CHINE.

HEAD "OFFICE:

96, Foulevard Haummann, Faria, Babearibed Capital... Fra, 72,000, 600.00 Paid-Up-Crytial Frs, 69,400,000.00

Reserve Funds .... ... Fra 50667,283.54

Bangkok Battambang

Canton

Djibout

Halp bong Hunkow Hmoi

BRANCHES

Hongkong

Mongie

Noumer

Papnate Faking

Promi-Penh

Pondicherry BANKERS:

"

Saigon

Shanghai

Singapore Trentain

תבלבסT

Yannonfu

IN FRANCE Comptoir National Ereompt de Paris; Credit Lyonnais, Banque de Paris des Pays-Bas; Credit Industriel et Commercial

Societe Generale.

IN LONDON: The Neilons! Provincial à Union Ekok of England. Ltd.; Comptoir National d'Escompte ca Paria; Credit Lyonnise

IN NEW YORK: J. P. Morgan & Co. French American Banking Corporation; Guaranty Trust Co. of New York.

Internet allowed on Current Accounts and Fixed Depoalts according to arrangement.

· Beary description of Banking and Exchange Paino irengačŁOŚ.

Manager

A LECOT,

Hongkang, March 20, 1994, ̈

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

Capital (fully paid-up) Yer 100,000,000- Reserve Fund....... Yen 77,500,000 Head Office:-YOKOHAMA,

Benches and Agearled at:

Newchwang. Now York.

Batavia.

Bombay.

Buenos Ayres.

Calcutta.

Gaangchun.

Dairen (Dalny).

Oanka.

Peking. Rangoon. Rio de Janeiro.

Fangtien (Mukden). Saigon.

Hamburg. Hankow.

w Harbin,

Honolulu. Kai Yuen,

Koba

London:

Los Angeles.

Irons.

Manila.

Nagasaki, Nagoya.

San Francisco. Seattle. Shanghai. Shimononchi.

Singapore. Socrabaya.

Sydney, Tientaln. Tokyo. Tainantu.

Tsingtau. Vladivostock.

·· Intérent allowed on Current Accounts. Deposits received for fixed periods at zates to be obtained on application.

C. ARIMA

Monago

Hongkong, 27th October, 1924.

OOOK Everything New ! Wow. Shop, Mew.Stock. New Prices.. Buliable for your pocket.

„KU kinds of Indian and Chinees Silka, Glowacle, Mastrofdaries, etc. always in stock.

HIND BILK STORE,

M's Bond Central.

|

Rotterdam

Bingapore

Tegal

Samarang Shanghai

Boorbar Eperakarta (Balo) | London.

Walter reden Tjila jap LONDON BANKERS:- National Provincial Bank Ltd. Correspondents all over the world.

BANKING BUSINESS OF EVERY DESCRIPTION.

"W. H. GROSKAMP,

Agent

Hongkong, November 4, 1924.

司公理管業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINE ETABLISSEMENT FRANCO OHINOIS.

(Incorporated in France).

11 1

Credits, 60 days' fight On Bombay--

Wire... Qa demand On Zaloutta

On Bingapore On Manila

་་་

IM

10

1551

1584

Wire On demard.**

On demand i

On demand

+ it

*On demand...

Bom.

On Shanghai

244

30 days' aight (private paper)-- On Yokohamarum On demand. Gold Leaf, 100 fine (per taal) 48.30 Sovereigna (Bank's buying rate) .8.18 Bilver (per os.)

BUBIDILEY COINS.

10.

12% 1.

Hongkong 50 centi sab... * X pm.

Canton oto

*

110

B Silver in Hongkong 30 Chinese Copper Cash ... Rate of Native Interest Chinese Copper Cente Chinese Sub. Goln

Hongkong Bah, Cola, % pm.

LOCAL SHARE MARKET.

OFFICIAL QUOTATIONS.

The tariff war between Spain and "CHINESE RAILWAY BONDS. Belgium means that the Belgain market will no longer take supplies of Spanish oranges, figs, grapes, cork, minerals, and oil, while Spain According to the Journal of will have to do without Belgian steel the British Chamber of Com-manufactures and machinery. The merce" in Shanghai, a movement present state of affairs, if prolonged, is on foot among the Chinese in inay bring opportunities for British the industrial centres of the manufacturers, who have hitherto country to turn their money into not been able to compete in the Chinese Railway bonds, says the Spanish market, owing to the lower "Daily Telegraph." It was quotations from Belgium. initiated among the oversea mer- chants, who for the last few years have been investing their surplus capital in the home country. Hitherto Chinese Railway bonds have been almost monopolised by foreign holders, but events in the last twelve months ago show that' the Chinese themselves intend to share in this particular form of investment. Owing to the politi cal disturbances in the interior, money has until recently been. sent to Peking and the treaty ports for investment in 'Govern- ment bonds, banks, and industrial enterprises. Such has been the development of, industry in recent times, despite political troubles, Paris: Socięte Generale,

Nationale de Credit. Banque de that wealth is now being concen

trated, and the country is emer- ging from the small capitalistic state which has prevailed down the ages. But in consequence of the heavy dealings in Government bonds of late months, these are not So attractive to investors with a speculative turn of mind as they were a year ago. Banks THE BANK OF TAIWAN, LTD. are also well supplied with funds,

5; Chater Road, Victoria, Hongkong.

HEAD OFFICE: 74, Bao St. Lazare, Paris.

Subscribed Capital fully

paid-up.. Reserve Fund

F-E 10,000,000 Frs. 10,800,000

Working fund provided by THE BANQUE INDUSTRIELLE

Co.

DE CHINE

Fra. 60,000,000,

BANKERS:/

Banque

Paris et des Pays-Bas. London: Midland Bank, Ltd. New York: Irving Bank Columbia Trust Every description of Banking and Exchange Business transacted. Corres- pundents throughout the world.

M. FITZ-HENRY,

Manager. 10th November, 1924.

(Taiwan Ginko.)

Incorporated by Special Imperial ... ·

• Charter, 1809.

now

and do not offer the same gener- ous rates of interest that were formerly offered. Successful in- dustrial undertakings, too, aze closed to the ordinary investor by Capital' Subscribed...Yen 60,000,000 reason of the fact that the pro- Capital (Paid-up) .....Yen 62,500,000 moters very Reserve Fand Yen 12,980,000 their stock.

seldom part with"

HEAD OFFICE: TALPEH, FORMOSA.

BRANCHES:

Osaka, Moji.

JAPAN-Tokyo,” › Yokohama,

ہے

Kobe,

It is for these reasons that the moneyed Chinese are now turn- ing to "railway, bonds, which, though formerly not very attrac tive to investors in China, are FORMOJA. Giran, Kagi, Karenko, now almost of equal merit with Keelung, Makung, Nanto, Pinan, bank deposits and Government Shinchiku, Taichu, Tainan, Takow, issues from the point of view of Tamsul, Fohyen, Ako. CHINA-Shanghai, Hankew, Kiskining, financial return. They have in

glad.

V

LONDON BANKERS: London County Westminster and ·

Parr's Bank.

HONGKONG BRANCE,

8, Des Voeux Road Central. Hongkong, 5th June, 1924.

ате

Amoy, Foochow Swatow, Canton, the main the appeal of a aafe OTHERS. Bangkok, Hongkong, Singa-security also. Chinese railway;

pore, Soorabaya, Samarang bonds may be divided into three Entavia," Bombay, London, New York.

classes. The first comprises those on which interest and in- stalment of principal are paid out of earnings, and which secured by reason of the fact that The Bank has Correspondents in the Commerd these earnings are paid into a for- sharia Tngine, Japan, Indo-China, Fine, India, Cantrex in the European Continent, asia, Man eign bank and are in the custody Pilippine Idlands, JAVA, And Date Inde, of a foreign treasurer on account ralfa America, Afton,

Interset allowed on Gertant Account, and Pized of the terms of the loan "agree. Deporteatrala which will be quoted an appliment. The second comprises Z.. YAMAMOTO, those which are secured fully by a

Manager.

lien upon not only the revenue of the line, but also upon other speci- fic revenues of the Chinese Gov- ernment. The third are those secured on the railway revenue, but whose funds are entirely in the hands of Chinese treasurers. There has not been any default on (Specially Authorised by Presidential

principal or interest on any of the Mandata of the Republic of China

concerning lines whose construc- | on the 22nd of November, 1917).

The $60,000,000.00 tion has been completed. Authorised. Capital

$18,278,600.00 revenue of the Chinese railways $ 9,029,425.21 as a whole has increased at an average rate of 9 per cent, a year. HEAD OFFICE: PEKING. -

Lines which are in an unfortun- até earning position are the HONGKONG BRANCH QUEEN'S ROAD CENTRAL Canton-Kowloon and the Canton- Branches and Sub-branches all over Hankow, but these lines are ade- China and Correspondents in Europe, quately protected by the lien on America, and other parts of the world. London Bankers: The National Provin- salt revenues and the surplus

clal and Union Bank of England, Ltd. revenues.from other lines.. The Guaranty Trust Company of New

York

THE BANK OF CHINA. 行銀國中

Paid-up Capital Reserve Fund

New York Bankers:- The Irving

National Bank. The Equitable Trust Company of New

York

Meara, Guthrie and Co., agents for the Sendayan Rubber Co., Ltd.. are in receipt of a telegram” from the Secretaries, advising them that the directors liver decided to recou Interest allowed on Current Accounts mend, subject to audit and usual and Fixed Deposits. Terme on app idjustments, the payment.on June Every description of Banking Business 21, of a dividend of 10 per cent, in respect of the financial year ending Losna' granted on approved securities) September 30, 1924, and that Bpecial facilities for Homnë këtehanró

£3,939 should be carried': forward THUYI

to next sooommat

tlog.

transacted.-

JANUARY 2

*ok.

Names

H.8.B.C. Toning rate

THURSDAY, JANUARY 22, 1925,

GREEN ISLAND CEMENT CO., LTD.

BEST PORTLAND CEMENT

SHEWAN, TOMES & Co.,

General Managers.

HONGKONG, "

MOTOR TRUCKING

Our Fleet of Fast, New and Up-to-date Lorries assure you a rapid and efficient *** service at Minimum Kates.

1-ton Speed Wagons, 8-ton Lorries

1)

@ $4.50 per hour.

$8.50 Waiting at Half Rates. ESTIMATES GIVEN

WE SOLICIT YOUR ENQUIRIES THE HONGKONg motor transPORTATION CO., LTD. 28. Des Voeux Road, Contral Phone Central 1913.

P. O. Box 845.

Standard, of the World

CARBO-LASTIC

Semi-Liquid Asbestos Roofing

STOPS LEAKS IN ANY ROOF. PRESERVES NEW ROOFS. REBUILDS OLD WORN-OUT ROOFS.

WATERPROOFS FOUNDATIONS:

ADEQUATELY GUARANTEED.

MACHINERY DEPARTMENT,

GODED

II. A.M.

1

Stock Exchange.

JANUARY 12. -Gharobrokers' Association.

AGENTS --

DODWELL & 00., LTD.

U

...

9/92. 673-3/8

1/31. 173-1/2

», London-E129 1. £,21 b...

b. 1190

100

London and in Shanghai Hongkong Bank F190 6. 1100 Chartered Bank F.&O. Bank

East Asia Bank Mercantile Bank

***

B. 11 The

B-225-1/? b.

Marins Insurances.

də Ori 213-1/8 h. Canton Trauran

North China Insurance Union Insurance. Insurance Yangtera China Und/ra

Far Esarerna '...

rira

Insurances

Chins Fire Insurance ...

ta

Rongkong Fire Tourance..., Shipping

Dougianes... B.K. Steamboats...

Indo-Chinas (Pref.

do. (Def.)

do.

(H.K. Reg.)

Ebell Transports

Star Ferries

716 a.

57 b.

38.

Hongkong Tugs and Lighter 4.80 8. Oriental Nav. Co. Refineries

China Eagar...

Malabon, Bugar

Mining

*

755 a.

765

РА

140 m.

140

1960 h, 281 sa

341 b.

41.

2.35 6.

b. $.40 85.9**

# 180 b.

180

b.

b. 59

TH

■ 38 m.

37-1/3,80 198

...

120 n.

790 m.

13.

190

83. b.

+1 88/

$139 b.

b. 1801 141 so,

b. a. B

$255 -

n. £55

$80/-0.

# TO

41.

R. 41

a. 70-

The 23

8 b.

n. 5-1/2

4 3 д.

8. 22+

P. b.

b. 15A

b '210

'1521

n. 108-1/2 n. 7.60

Kailan Mining Adm. Langkats...

mh. 1:2 n. Shanghai LoaDS ...374 n. S'hai Explorations...) 5.

$10-1/1 m. Single Langkata Rauba

12

Tronoh Mines UrDi Camp Bongnet Con... Dooks.

Wharves, Godowns, zo. H. & K. Wharfe

$212. B. & W. Dock

**$158. SDAY Locks

T 108 n. THA

141

-

New Engineerings...

****$210 b.

H. 6. Engineerings, Shanghal Hongkows Lands, Hotels & Buildings,

F.K. & Fhal Hotola #18 n. New 17 b. 171-1/2 . 17/-1/2. H.K. Developmenta

70 cta. b. 80 0.70 sa

China Buses.

$10 m.

Hongkong Landa...

M

Humphreys Eatstes. ...

1084 h. $22-1/2 b.

Kowloon Landa

***

Prines Building...

... $150 n.

$10 b.

Lond Beclamations

H.K. Territorials... Rural Landt.. Cotton Mill®.

11

101

Ewo Cotton Mills, Ltd.... Kang Yika Laon Kung Mowd... ... Orientals; Te

* Shanghal Cotton ...

Yangturepos...

Miscellaneous.

Cements

***

Tia 12,80 sa

T4-D.

T 81-1/3 n. New #53.2.

-8193/6 n. New 8-1,2 ».,

Cements "Combined' 128) b. & ex. China-Borne

Chian Lights (Old)...

do

$10.15 b

New) 818; b Comb. 25 t. 854 1. China Providents #16) ». New 8.80 b,

$391 b.. Providents Combined

Dairy Farms...

H.K. Blootring

Macao do

Hongkong and Canton lees

042

Hongkong Hope..... 19) n. New 10-1/% n. hopen (om ind

Hongkong Tramways.

Peak Tramways (n)..

Dp.

Steam Lappdrica

9. Fteel Foundry » Water-boats.... - Watson's Hingapore. Tramar, Wm. Forall Lane Crawfordi Canto Toss 3.8. Constructior Nadgade Tobmon

Mackintosh B.K. Realty HE Taxis

· Der Ar Wing.'bull

DAF

United Abea

$58, -$58' by

$11-12 m.

19 b.

*

Bowen Road and Lower Levels Kowloon ....

$21.00 per ton $80.00 *** $19.00

KAIPING HOUSEHOLD COAL

In Lots of not less than ton

Delivered to Peak District (above Bowen Boad)

Orders should be sent in writing at least 24 hours, before the Coal le required, All orders must be accompanied by cueb, Cheque, or Compradors Order

payable to Tas KAHAN MINING ADMINISTRATION,”

THE KAILAN MINING ADMINISTRATION.

HEAD OFFICE: TIENTSIN.

DODWELL & 00., LTD., Agenta, Hongkong.

n. 1.90

Phone Gerrard 5476 Tel. "Jamaco" London.

A. C. DISS

"(Late of Disa. BROS. & MACKINTOSH, LTD.)

HONGKONG

Clo CAMPBELL LATHAM & CO.

TAILORS

59. Conduit Street, LONDON, W.1.

fb 18 New-b 17ż

b.

76 Cente

b, 188

b. 22

D. 1:50

A. 3

1. 1280

5 4:30

n. 60 New 23 n.

(h. 10-1/2 New n § (Comt. b 181 281

b. 19 (New b. 13 Comb. #, 25-1/2

fb & 103 New b. 6.90 an 8.86/9,00 Comb. b. 80-17%|

1914 n. Now 14-1/8 b.143/} $3.80 D. 16.0

$8-121 b

b. & '18

1:44-1/2

n. 19 Now 11.m

101

· (K., 13 New b. Iš

b. 18

b. B

a. 11-12.

14

For over ten years we have been engaged in the manufacture of ecconi cil.. in Singapore. Our brands, the "Coconut Tree," *Elephant." and "Star," are renowned for their excellent standard, test results, and clarity, and are free from imperity or adulteration. These products are already known in Chins and abroad and it is to facfitate Dur loomed patrons that we take pleasure in announcing that Moors. GOH GUAN HIN of No. 64, Bonham Strand West,"

Hongkong

bave been appointed our sole agents in Hongkong.

THE TO FONG OIL MILLS, ITD

SINGAPORE.

IC. FALCONER & CO. (HONGKONG) LTD

[WATCHMAKERS & JEWELLERS DIAMOND MERCHANTS

-UNION BUILDING (OFFOSITE G.P.O.)

"Agnita for--ADMIRALTY CHARTS.

ROSES, BINOCULARS and TELESCOPES KULVIN'S) NAUTICAL INSTRUMENTS, ENGLIBA SILVERWARE, direct from Manufacturers,

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