Page
HONGKONG & SHANGHAI THE BANK OF EAST ASIA,
BANKING CORPORATION,
GRÁD OFFICE
HONGKONG,
AUTHORISED CAPITAL....... $50,000,000 ISSUED AND FULLY PAID UT $10,000,000 RESERVE FUNDA:-
STERLING... 21,500,000 SILVER... $28,500,000 RESERVE LIABILITY OF
PROPRIETORS....
*****}$20,000,000
COURT OF DIRECTORS:
W, L. J'attendan, Mere-Chriram, H. P. White, Haq.-Depatý Omirbaa. HD. E. Bakh, Bay. -, | A. Q. Lang, Baqu W. EL, Bell, Eaq, I. A. Plammer, Eq. H. Compton, Esq. T. G. Weil. Kaq. Hon.Mr. B. Holyonke G. M. Young, Eaq.
CHIEF MANAGER :
A, H. BARLOW, Esq.
Manager: Shanghai-G. H. STITT, Esq.
LONDON BANKERS. Westminster Bank, Ltd.
GURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED' DEPOSITS received for one year or shurter periods in Local Currency and Sterling on terms which will be quoted on application.
Hongkong, 25th November, 1924.
HONGKONG SAVINGS BANK.
THE business of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING COR- PORATION Rules may be obtained on application.
INTEREST on deposità te calculated on the lowest balance during onch com- plated Calendar Month at 41 per cent. per annum. Should there be on balance. or any day in a month no intorost will, be allowed for that month,
Depositora may transfer at their option Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES.
For the Foxazona & RainÖRAI
BANKING CORPORATION,
JH. BARLOW,
Chiut Manager
Hongkong, 7th January, 1926,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
INCORPORATED BY ROYAL,,
(1
* LIMITED.
“』
HEAD OFFICE:-). No. 10, De Voear Boad, Central, ·
Established 1919. ́ÀOWERMINIS CLÁNTRAL,".../.................$10,000,000.00
PAN-UP CAPITAL, SILIRTS FURIAmonsen
$5,000,000,00 $750,000.00
Srary description of Banking and krenang rosiness transstad, Loans gated on
provač securities
Internat allowed on Current Deport Accoán at the rate of Two per cent, par antem on Basing 40count Fear per osat per kanam, kad on Fland Depoalie at the following retes1-
months at the rate of 12 par saREM For 6 months at the rain. 2-4% par AURKIB For 18 months at the vein on 5% per annum. KAN TONG FO,
Hongkong, March 823 1821.
|:
Chlat Manager,
THE CHINA MAIL.
COMMERCE AND FINANCE.
KAILAN OUTPUT.
The total output of the Kailan Mining Administration's mines for the week ended Jamiary 10, 1925, amounted to 61,623 tona and the sales during the period to 39,979 tons.
||
P. AND O. MEETING.
Lord Inchcape never falla te make his speeches to the stock- NEDERLANDSCHE HANDEL holders of the P. & O. interesting to a wider public, and as a set-off to the extravagant hopes of an
MAATSCHAPPIJ.
(NETHERLAND Trannen Bocores.)
}
יך *
immediate trade revival his re-
!
BACK TO GOLD.
Descent of the Dollar.
WEDNESDAY, JANUARY 28, 1925,
must be willing definitely to forgotunninunuentione prenDROSMAEL EILDOMA her former pre-eminent position as a market for long term foreign leans, and be willing so to conduct the Bank of England's discount policy as to keep the London short term money market on a higher basis than New York-Router.
GREEN ISLAND CEMENT CO., LTD.
:
SILK SHIPMENT.
EXCHANGE.
London, January 27 Presiding at a meeting of the Midland Bank of London, Mr. Reginald McKenna, said that the The silk which left here by the pound sterling would probably P. & O. s.s. "Khiva" on December spoŋ stand at its full gold value; 27 was delivered in Marseilles on not because it would have climbed | January 24—a transit of 28 days. uphill to meet the dollar, but because the doHar, under pressure of the surplus supply of gold, would have descended to the level of the pound. The recent rise of the sterling in relation to the On London dollar has gone considerably ahead of the changes in the price level, certainly the price levels would but if the rise were maintained, finally conform to the new relation
between of the value currencies.
the
marks at the annual meeting should be read with care, remarks Home paper. When an under- taking of the magnitude of the P. & O. has to depend on invest ments instead of earpings to en- Special Reserves. G. 22,650,000 £1,338,390 able it, to make a return to stocking that the pressure of taxes was holders it is obvious that there is
ENTARZANO 1824, Heroxona Bison BeTARLANIDED 1908, Authorised Capital 350,000,000 £1,500,000 Pald-Or Capital... 80,000,000 £8,866,870 Reserve Fund...-., 20,040,082 £ 1,670,418
HEAD OFFICE—Amsterdam,
BRANCHES !-- BenBermain Bandoong Olentta
Chariban pjokjakarta Kata-Radia Padang Penang
1
Rotterdam Alagapore Tegal
"
Bombay Djember The Hague Kobe Makmossr Madani
Palembang Pacalongan. Pontianak Rangoon Barang Shanghai.
Boerabais
EASTERN HEAD OFFICEarl.still a great deal of leeway to be made up before the trade of the world can be said to be normal. A year ago Lord Inchcape told the meeting that, with few excep tions the earnings on every voyage of the P. & O. steamers had fallen short of disbursements, Forskara (Bolo) and the same thing, he said, ap Alilutin Weltevreden
plied to-day, Many of the voy- LONDON BANKERS:-
ages even now are not covering National Provincial Bank Ltd.
expenses owing to the high cost of Correspondents all over the world.
working and to poor freights, so BANKING BUSINESS OF EVERY
that it is not surprising that he DESCRIPTION.
has sericus misgivings as to the W. H., GROSKAMP,
Agent. result of the operations of the current year, even going so far as to hint at the possibility of a lower dividend. -
Hougtong, November 4, 1924.
*司公理管業實法中
SOCIETE FRANCAISE DE -
GERANCE
ܐ܂
DE LA BANQUE INDUSTRIELLE
DỄ CHNE -BTARLISSEMENT FRANCO
CHINOIS,
(Incorporated in France),
G, Chater Road, Victoria, Hongkong.
HEAD OFFICE: 74, Rue St. Lazaro,
Paris.
CHARTER, 1853.1"
HEAD OFFICE
LONDON,
Paid-up Capital
Reserve Fund
Reserve Liabillly of Pro-
prietors
£3,000,000 .£3,900,000
£3,000,000
:
Subscribed Capital fully
paid-up.. Reserve Fund
FOREIGN EXCHANGE and General Banking business tranencted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter period at rutes which will be. quoted on application.
A. H. FERGUSON, Manager.
Hongkong, May 3, 1923.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
2)
96, Poulevard Haugamann, Farts. Buleeribal Capital ... Fri 79,000,000,00 Paid-Up Capital .... Fr. 85,400,000 BU Reserve Funds ... Fra 59,60,389,64
แ
Bangkok
Battbang
Chaton
Djibouti
Haiphong
Hankow Hanoi
ין
BRANCHES
Hongkong Mongtae» Noumes
Papeste Pekk
Pom-Pech Pondlaberry BANKERS:
Saigon Shanghai Ringassero Tientsin Torr
Yusnaufu
IN FRANCE: Comptoir Nallousi d'Escompt
de Paris: Credit Lyonnais, Banine de Paris et day Paya-Bes; Credit Industrial et Commercial Borinte Generale.
IN LONDON: The National Provinziel di Union Bank of England, Le Comptoir National d'Esconapte de Parla; Credit Lrounse IN NEW YORK: J. P. Morgan & Co. French American Banking Corporation; Gusmaty Truet Co, of New York,
interest allowed on Current Aceranie à ad Fire Depaita scoowing to arrangement.
Every description of Banking and Exchange Busine ranacted.
A. LECOT,
Manager
Hongkong, Marol 20, 1994.
THE YOKOHAMA SPECIE
BANK, LTD.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fand
Head. Oce:--YOKOHAMA.
Branches and Axencies at:.
Batavia.
Bombay.
Calcutta.
Buenos Ayres.
Changchun.
Dairen (Dalny). Fengtien (Mukden).
Hamburg. Hankow.
* Harbin
Honolulu, Kai Yuen. Kobe,
London.
Los Angeles.
Lyons.
Manila.
Nagasaki.
Newchwang.
New York.
Qanka.
Frs. 10,000,000 Fru. 10,800,000
Working fund provided by THE BANQUE INDUSTRIELLE
DE CHINE.
COMPETITION OF STATE-OWNED
.SHIPS,
The main trouble..so far as the shipping industry is concerned, lies in the uneconomic competi tion of certain State-owned ships. The fallacy of semi-Socialistic ideas that commerce is invariably lucrative is at least being explod- ed by the Governments of Canade, America, Australia, Brazil, and Portugal, which, having acquired, steamers, are steadily losing on | their vessels at cost to their tax- payers of many millions. To give one instance, the P. & O. recently bought two steamers for £60,000, which only four years age cost the Government owning them ̊ £600,- 000. Until these Governments have, as he said, gained sense and Nationale de Credit. Banque de disposed of their incubus there could not be much hope for the shipping and shipbuilding indus- New York: Irving Bank Columbia Trust tries. It all comes back to the
Co. Every description of Banking and business maxim that business is: Exchange Business transacted. Corres-best left to the business com- pondents throughout the world.
munity, and if Governments at- M. FITZ-HENRY,
tempt to run ships or to run any Manager
other business they will kill enter- prise, they will kill all initiative, they will fail commercially, and, having dried up the sources of revenue, will look for relief to additional taxation.";
Fra. 50,000,000.
BANKERS:
Paris: Societo Generale
Paris et des Pays-Bas.
London: Midland Bank, Ltd.
1.
10th November, 1924.
Bangue
THE BANK OF TAIWAN, LTD (Taiwan Ginko.).
Incorporated by Special Imperial- Charter, 1899.
Capital Subscribed
Capital (Paid-up) Reserve Fund
·
.Yen 00,000,000 Yen 52,500,000 Fen 12,030,000
HEAD OFFICE: TAIPEH, FORMOSA. -
Kobe,
DRANCHES: JAPAN-Tokyo, Yokohama,
Osula, Muji. FORMOSA-Giran, Kagi, Karenko, Keolung, Making Nante, Pinan, Shinchiku, Taichu. Tainan, Takow, Tamsui, Toby, Ako. CHINA-Shanghai, Hanków, Kiukiang,
|
Amoy, Foachow, Swatow, Canton OTHERS Bangkok, Hongkong, Singa
Jure, Soernbaya, Samarang, Batavia, Bombay, London, New
York.
LONDON BANKERS: London County, Westminster and Parr's Bank.
Centrom in the Europeka Continent, Buda, Man Philippine malia, Americn, &filon, da
Lion
LABOUR. TROUBLES.
and
Though Lord Inchcape dealt gently with the question, un- doubtedly much of the hindrance to a revival of prosperity lies in the attitude of Labour in this country and elsewhere. Nothing could be more illuminating than the instances he quoted of the extraordinary state of affairs in Australia. The Pacific Oriental steamer "Maloja," which had been partly loaded by one class of labour at Sydney, was declared "black" on arrival in Melbourne, and could get ΠΟΥ cargo. As the company was in- formed that the ship would get no pilot or tugs at Fremantle, and would be unable to embark mails, she was sent to Albany. The
"The Bank has Correspondente in the Commership is now on its way home, prac Yon 77,500,000hris Taigi, nad Dutch indies, Aus
Japan, Indo-Onist, Siam, India tically empty as far as cargo is concerned. The "black" labour, Interest Allowed on Cremat Amount, and Pized it should be noted, was that en- Deposits at rates which will he ecoted on applic rolled by bureau set up in
·Z. YAMAMOTO. Sydney for ex-Service men as
Manager. HONGKONG BRANCH,
waterside workers. Labour con- 8, Des Voeux Road Central.
ditions in "Austràlia will need to Hongkong, 6th June, 1024,
improve if the trade of that coun- try is not to be paralysed, and when orders for steamers and re pair work are being diverted from this country to the Continent, because our builders cannot com pete, it is time that hard economic facts were appreciated before the damage done is irreparable
Peking. Rangoon. Rio de Janeiro. Saigon. San Francisco. Seattle. Shanghal
li Shimono cha
.Singapore. Soerabaya. Sydney. Tientsin. Takyo. Tainanfo.
Taingtoo.
Vladivostock
Nagoya,
Interest allowed on Current Accounts. „Deponita received for fixed perfods at rates to be obtained an application
C. ARIMA, Manager. Hongkong, 27th October, 1924,
Everything New! (Now Shap. Now Stook. New Prices. Suitable for your pocket.
All kinds of Indian and Chinese Bika, Shawls, Embroideries, etc.
Iways in stok.
SIND SILK STORE,
QHINA' BUILDING, “ Quecia Road Central.
THE BANK OF CHINA. 行銀國中
(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917).
Authorised Capital $80,000,000.00 Paid-up Capital
$18,278,600,00 Reserve Fund
$ 0,629,425,24
HEAD OFFICE: PEXING.
HONGKONG BRANCH, QUEEN'S ROAD CENTRAL. Branches and Sub-branches all over China and Correspondents in Europe, America, and other parts of the world. London Bankers:-The National Provin- cial and Union Bank of England, Ltd. The Guaranty Trust Company of Now
York.
Now York Bankers: The Irving
National Bank.
The Equitable Trust, Company of Now
York
THE MERCANTILE BANK OF INDIA, LTD.
ITRAD OFFICE:
14, Gracechurch Street, Zezden, Ear
Authorized Capital
Subscribed Capital Paid-up Capital
Reserve Fund
BANKERS:
•
1,050,000 1,250,000
Mr. McKenna concluded by say
too great for British trade to bear; economy in national expenditure was vital.-Reuter.
Hongkong, January 28, 1915.
Bank, Wire....
*
"...I'3-[
On demand ...8/3 13/16
30 day's eight
ˋ
4 months' sight Credits 4 months' sight ...7/4-§ Documentary, monthe night 2/4-{ On Paris
On demand...
جوم
1030
Oredits, 4 monthi sight... 1159.. On demand
On New York
On demand...
་་
Hom
... BAR
Crodits, 60 days' sight ........ 5?” on Bombay-
Wire
On demand art
On Jalentia
Wire
H1
154
1
i..
M
Ca
184
On Singapore
On demand "s
On demand... On Manila
Ou demand...
"Assisting" Britain.
New York, January 27. The "Journal of Commerco" learns that the Federal Reserve Board has sanctioned the Reserve franc bills in the open market as Banks purchasing sterling and the beginning of the general On Shangha scheme to assist. Britain to return to the gold standard, the object of the measure being that buying france bills in large quantities will relieve. London from financing French needs at a moment of possible stress,
4
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 Rates.
1-ton Speed Wagons
8-ton Lorries
64.50 per hour.
@$8.50
Waiting at Half Rates.
ESTIMATES GIVEN
WE SOLICIT YOUR ENQUIRIES
THE HONGKONG MOTOR_TRANSPORTATION
28. Des Voeux Road, Contral.
P
14
111
CO., LTD.
nom.
Phone Central 1913
I
1439
On demand one 30 days' algbt (private paper) On Yokohama, On demand... Gold Lest, 100 Ane (per toel) allvar (per oz.) Sovereigns (Bank's buying race) 8.49
SUBSIDIARY COINS. The New York Times" states that typical New York banking Bar Sliver In Hongkong....10% pm. comment on the problems of Chinese Copper Cente Chine Copper Cash restoring the gold standard Bate of Native Interest .embodies the assertion that to Chinees Sub. Coln
maintain sterling at par Britain Hongkong Suh Coin
10% pm. pm. 7 % pa.. 27% dies
Smart
Scout
... pl.
LOCAL SHARE MARKET.
OFFICIAL
JANUARY 28. Namas
sank
QUOTATIO VS. 11 AM
Stock Exchange.
***
$73-1/4 London-£130 a. - 1 b
£ 1 n. ical.
H.8.B.C. T.T. on selling rate"
London and on Shanghai Hongkong Banks 119) b. Chartered Bank P.&O. Bank ... ".... East Asia Rank Mercantile Bank B £2-1/2 6. a. £/8 b.
da.
**
Marine Tusurances
Canton Insurance...... North Chick Insurance Union InsuraDOS .. Insurance Yangtoro China Undin
Far Easterns
Fire Insurancem
It
7
JANUARY 98. Sharebrokers' association.
tjat
#73-14
b. 11A0
b.
211
P. O. Box 845.
Hats
n. £11
b. 162
b. “A 219)
b. "" 13)
b.755
A 140
b. 191
FUTUNANLARIN
THE WING ON CO., LTD.,
HONGKONG.
785 n.
# 140 a
$200 b.
*
$45 b.
b. 43
China Fire Insurance. II. Hongkong Fire Insaranud.... bipplag
Donglanes: *** H.K. Steamboats... Todo-Chinas (Prof.
do. (Dof.))"
Shell Transports.. Star Forries ...
Hongkong Tack and' lighter Oriental Nav. Co. #öfineries
h. 9.48
180
#185 b,
8 71à n.
$ 57 b.
b. 59
$38 D.
b 37.80
$38.
$120 n.
do. (H.K. Reg.) ...
10 n
1. 120
81. 12. 1130. #4) 8.
# 88/
b. 1891
b. 48
+t
$255 2.
$99 b
41.
n. 255
"
ni 19
:.0. 70/-
!
6 р.
D. 5-1/9
n. g
1.90
b51-
hina Sugar...... Malabon Sugst Mining
Kailan Mining Adra. - TO-D Langkats.mh. #:2 n Shanghai ToanS $7) n. .S'hai Explorations....) #5 d.
Ringle Langkats ....$10-1/2 Raube
***
***
#
3.0 Tronah Minog
68. D. Tral Casp. book Wharves, Godowns, de.
Bengoet Con..."..
P. 11 b.
H. & K. Wharfs H. & W. Dock
***
*** ***
#910 b
BTS B T 108 a.
#76.79 8/44
#210 b.
'bai Docks Now Engineering... H. E. Engineerings, Shanghai Ronakaws Lands, Hotels & Buitálaga,
H.K. & Thai Hotels 318 . New 17 b. HK. Developments
70 cia b. 60 8. ****$10.
China Buses**** Hengkong Lands...
Humphreys Sabatos ...
-་
108) b.
... $21-14 b.
-
$150 n.
$10 b.
Tia 12.35 D.
Ti 36.
Kowloon Lande Land Reclamatilpas Princos Building... HK. Territoriale............... Cotton Mills.
Rural Land are.
Ewo Cotton Mills, Ltd.... Kung Tike Laon Bong Mow Orientala...... Shanghai Cotton Yangterspoos... Miscellaneous,
Cementa
$19.3/4 n. Now 8-1;% 6. Camanta "Combined' #28) n. China-Borneos
Oblas Lights (Old)
T 61-1/2 n. Now $53 1
$19.65 b.
do (New) TIE) b. Comb. 353 họ đã được
Chins Providenta #16] b. Now 9 h. Providente Combined.... #181 b. Dairy Farma...
H.K. Flectrice Macao do
LA
Hongkong and Canton Ipes Hongkong Rope.
Water-bosts *****
Watson's...".
Singapore Trams
0441 b.
$491.
19) n. New 10-1/1 n.
b
8. 159
n108-1/2
2. 7.60
(b 18 Now-b 17t
b. 75 Cente
b. 108 2.92
150
0. 31
a. 124.
*
'60 New 33 n.
:
(h. 19-1/ New D (Count. b 281
h. 19
(Now b. 18 Comb. b. #5 (b. 18) New b. 9 Comb. b. 99-1/
b. 20
b. 44-1/
Now 11 n.
£3,000,000
kopre Combined... Hongkong Tramways....... Peak Tramwayn (Old)....
Do. Steam Laundries →→
58.
·Biz bu
$25 &
(Now)
...
11-1/9 m.
101
1,800,000
A.K. Steel Foundry
...
200
19 b. 021 x. New 144 b. $$.40 5.
b. 20
(n. 23 New b. 14Į
+44
b. 10
Canton Loos
V.8.x.
• #Tį b. 8-1/7 m.
Nanyang Tobwoo
u. 11-1/9/
D. 18)
b. 3.30
1. 2).
B. 10
· BOJ
18
The Bank of England & Midland Tank, 144.
Banke Gatin
Batarla
duncung Lowṛal | Gaŝontin Handy A Oslombo Karschl
Intoreat allowed on Current Accounts | DelM" Pand Fixed-Deposita-Ferens-en-appilca-
ilon.
Every description of Banking Business transacted
'Loans granted on approved securities. Special facilities for Home Exchanga.
TSUYER PEI, Mess
tractade
BRANCH:
Kailaspar Fangoon Made New York
hangha
Furs Caris Paupere
Surabaya
HONGKONG BRANOU Every doserpilan or Banking: Bod Exchange bodi INTEREST ALOW on Current,ooountrat Tyk Trent per aneurs in Dally Balance and on Fired be post fee that may be asserislasdon apgalomtion
-2, B. BORS.
· Acting Alinagar
Enuary 23, 1925.
Wm. Powells. Lane Crawfords
8.K. Construction.
**
Sinceros, mm: § 13-1/4 m.
B.K. Boalty in com a $ 2,40 b H.K. Tala
***2.15 b
- Der A. Wing fully padil * 10 m
Do bald.
part
United Abonjos: {Founders) |
• (Ordinary) # 901i.
THE WORLD SUPPLY CO. 81, Connaught Road, West
FANCY PARASOLS IN SILK AND PAPER.
· UMBRELLAS--EXCELLENT FOR SUNSHINE AND RAIN, "IT'S STRONG AND LASTS LONG, AND
REASONABLE AFTER ALL.
Wholesale price list sent an application. Agents wanted. Obtainable at: The SUN CO., the SINCERE CO., WING ON CO., 'THE EASTERN TAILORING, 64 Wellington St.
Tel. "Jamaco" London.
Phone, Gerrard 5476
A. C. DISS
(Late of Diss BROS, & MACKINTOSH, LTD)
HONGKONG
Clo CAMPBELL LATHAM & CO.
TAILORS
59, Conduit Street, LONDON, W L
"'
For over ten years we have been engaged in the manufsoture of
are renowned for their excellent standard, * Elephant," and test results, and clarity, and are free from impurity or adulteration. These products are already known in China and abroad and it is to facilitate our esteemad patrons that we take pleasure in announcing that Mosara, COH GUAN HIN of No. 64, Boaham. Strand West, Hongkong,
coconut oil "Star"Our brands, the "Coscant Tres."
+
have been appointed our sola agante in Hongkong.
THE HO HONG OIL MILLS, LTD., SINGAPORE
G. FALCONER & CO. (HONGKONG) LTD
WATCHMAKERS & JEWELLERS DIAMOND MERCHANTS
UNION BUILDING (OPPOSITH GP.0.)
Agents for ADMIRALTY CHARTS,
—ROSS'S-BINOCULARS and TELESCOP
KELVIN'S NAUTICAL' INSTRUMENTS ENGLISH SILVERWARE, direct from Manufacturers, High Class English Jewellery,