Page
11
HONGKONG & SHANGHAI
BANKING CORPORATION.
·HEAD OFFICE: HONGKONG, AUTHORISED CAPITAL ........... $50,000,000 SUED AND FULLY PAID UP $20,000,000 ESSERVE FUNDE-
STERLING... £4,500,000
SILVER....... $24,500,000
BBSERVE LIABILITY OF }
PROTRINTORS...............* *****
$20,000,000
COURT OF DIRECTORS:
G. M. Young, Ex-Chairman." H. P. White, En-Deputy Chairman.
Hon. Mr. A. Lang. W, H. Beil, Bay
q
D. G. Bernard, Raj W. Pattemien, Fla
A Flammer, 4. M. Vampson, bij. Hon Mr.P.H. Holyoaki T. G. Well, Kan.
CHIEF MANAGERIR :
A, H. BARLOW, Esq.
COMMERCE AND FINANCE
F
SERENDAH HYDRAULIC
TIN,
DECREASING. OUTPUT.
DJAMBI RUBBER..
SINGAPORE CHINESE MAKING MONEY.
THE CHINA MAIL.
RUBBER DIVIDENDS.
A correspondent to the "North- China Daily News" writes:
Sir, have read with surprise in your paper suggestions by cor respondents that rubber com panles should declare dividends without delay. Of course from a broker's point of view anything that will boost up the shares is to his advantage, but I cannot under- stand "Investor's" point of view. He even goes so far as to suggest that dividends should be declared before they are earned. I think if Directors took this view many of them would find themselves in the courts.
The report of the directors of
The export of Djambi rubber the Serendah Hydraulic Tin Min-from native producers or growers ing Co., Ltd., for the year ended is going up by leaps and bounds December 81, 1924, says:
says a Java paper. For the past The profit for the year, includ few months, canoes, boats, sam- ing interest on investments, is pana and other rowing vessels $13,053.96 which, with the have been seen coming down balance of $7,610.77 brought for almost daily from up-country ward from the previous year, districts and up-river villages to makes a total of $20,664.73 avail- Djambi town fully laden with raw able. The directora recommend rubber in blocks, lumps and that a dividend of 74 per cent. be sheets. This commodity is being Manager: Shanghai-G., H. STITT. Es paid absorbing $12.750 and that shipped to Singapore, where there the balance of $7.914.73 be car-
are now five steamers plying ried forward to a new account.
between Djambi and Singapore. The mines, as hitherto, have The prices paid for the native continued under the management rubber-are considered very good of Messrs. J. A. Russell and Con- nccording to the belief of the any who report on the year's natives of those up-country places working as follows:-The output and the best grade unsmoked from all sources was pikals 213.98 sheets are fetching between fifty-turn on its capital. which realised on sale $15:074.45 five guilders and sixty guilders or an average price of $70.48 per per picul. · pikul.
LONDON BANKERS: Westminster Bank, Ltd.
CURRENT ACCOUNTS opened in DEPOSITS rocsival for one year or shorter periode in Local Currency and Sterling on terms which will be quoted on application.
LOCAL CURRENCY and FIXED
Hongkong, May 20, 1318.
❘
I
Your paper holding the responsible position, that it does, should warn the public against a repetition of the fatal speculation in years. gone by. am convinced that what the honest producer desires is to see the price of rubber steady round about 1/6 to 1/8 per pound. This leaves ample margin for a good company to show a handsome re-
A rubber
company should pay roughly 15
per cent, as one has to allow for good and bad years, and I main- thin there is no reason for the
On Pacia
EXCHANGE.
On demand. 17-1279:15/18.
(30 day's right........
& montha" sight ...2,3-
THURSDAY, MANY IT,
VISITORS AT HOTELS.
***HONGKONG HOTEN
Boran
Mr H. A. Anderfeet Miss V. Hoarland Mr L Androne and Mr A. W. Mr M. Axelrood. Mr.F. W. Barnes MV. E. Jason Mr N. Boale Mr A. K. Jonson MFA. Bosman, Mr J, H. Johnstone
Un
Hongkong," 91st May 1999): London Bank Wire....
4 months' "sights
R
Credita
Documentary, 4 months sight 2/3«J |
On dersand...
-1080,
Oredite, 4 months' sight
116)
Mr J. Book
On demand »
Credits, 80 days' dighi
·Black bura
Mr A. Llazbird
1401
Mr F. O. Burgess
Miss H. Litalis
Mr Belty Barton
Mr J. EL. Oook
On demand
On New YorkTM
on Bambay
Wire
On demand...
On Jalcutta
Wire
On ddiard
on Singapore
On demand...
Meal
On demande
On Shanghai -
On demand
w
96
108
Hom.
1281
30 days' bight (private paper) Da Tokoham Og demand... Gold Leaf: 100 fine (por tal) 47.40 Sovereigns (Bank's buying rate) 8.89 50yer (per os.)
SUBSIDIARY COIKE Hongkong 60 vete mab
10
H
บ
HONGKONG SAVINGS BANK. remains to be, seen whether the gaping a rich harvest owing to shares uf any company to stand Chlaces Copper Cash...
פין
Eusiness of the above Bank in
sonducted by the HONGKONG AND SHANGHAI BANKING COR
an application.
INTEREST on deposite is calculate on the lowest balance daring esch` con-
Cantos soins Bar Silver In Hongkong Chinese Copper Cents Rate of Native Interest, Rongkong Suh, Cola....
Chinese Sub. Coin
--
# % dis. *1% dis
→ 34 z dis. ...B14 7.dls. 10% pm. 10% po 8% p
117% out 31% dia. X dis.
Mr J. R. Jones.
THE BANK OF EAST ASIA
· LIMITED..
Mr. V. Benjamin Mr J. B. Josephs Mrs. Aillion Mr. C.
Lauriérom Capt. Bentley
Mr RJ. Birbook Mr H. Leeds Mr and Mrs. A. HMe J. §. Li fak
Mr and Mrs Lis
Mr. D. Cappleman Mr G. N. de Man
Mins Dorothy Hai-
Mr George R. Corey calf MrF. W. Cotton
Mr M. Meyskoi
Mr W. Cotton Me J. H Moltzar Mrs F. J. Orawford Mr R. Mon-sobe. Mr E F. Crawlord Mr. C. E. Montague Mrs G. 1. Davis Mr. Morton Mr J. D. Deckla Mr W Mala
Mr. C. W. Cf. Van Mins IE. H. Xue-
Dozer
grave
Mio. Ela los Mr.S. Y. Ettra Mr and M
Foll
Mr R Nichola Mr H. O Farrai)
E Mr Olliver
Mr J. E Ollorton
Mr F. J. W. Fookea Mr M. H. Omiley
Mr and Mrs A. H. A.Mr &. Omesoxi
and Mr. R. J. Fook
PACHOD
Mr and Mrs George
H. Franca
Mr
Mr W. H. Peccard
Mr and Mrs P.D.G. Mr R H. Popo
Gain
Miss A. L. Gridin Mr. & Mrs. J. Gould Dr. D. B. Gawler M.A. 4. G
Mr. T Goldsmith
Halo
Mr B. H. Preser Mr Alex Hous Mr. A. H. Howe Mr Joseph Sub109 Mendes A. D
SAVATO
Most of the rubber dealers, who The figures shown steady are Chinese from Singapore, are decline ja pikuls produced. It new land recently acquired will be fluctuations of prices besides theta premium of 1,000 per cent. Straits Settlements is another ad- declared or, is about to declare a Capable of arresting a further restriction in the F.M.S. and unless that company has actually decline during the present year.vantage in their favour. Their
30 per cent. dividend for the year. I have heard such statements as PORATION. Rulos may be obtained Boring on this land is in progress godowns are always full, and the Chinese have not yet begun | reserve to meet any unforeseendr A. Gordon & Mr. Schofield
at the time of writing though it is.
passers-by always complain of
·Silas & tufant to buy, wait until they enter the eventuality, and it can very well Me and Mr Treeve Mr. & Mr. A.-D. 400 early to prediet results,"
the offensive smell the inferior
1. Bkulland Mfr nad Mrs Clay of shares go up."
At If investors a good return or its capital if the
Smith quality of rubber is issuing out market then you will see the price do this and at the same time give Mr and Ms W. A. Ca
are so convinced that they have price remains round about 1/6-Mr. A. F. Hamy
Dr. H. 7. BommR VETTE got hold of a good thing, why not 1/8. What
wish to impress on Capt. T. F. Hall
Mis R. parke hold the shares themselves? No, the public is to beware of speen. Miss A. F. Mr K. Sota Sir, it is the speculator who lators and people who wish to Mr. G. A. Harriman Mr H P. Surry desires a boom and I am sure unload shares they purchased in Mr A. Hayor
Mr AJ, Fierbach Mr Todd there are plenty of pigeons on the the boom years.
·lab
Mr H. E Vander Manhi
Werken local market only waiting to be
Mr G Mr. C. E. Holmen Mr and plucked.
Mr and Mrs B. W. Wotener & child
Boarland
ploted Calendar Month at 3 parcent. por sunum. Should there be no balance on any-day in a month interest will be allowed for that month.
Depositors may transfer at their option Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES.
Par the Hoxtrona & Sia säTA: BANKING VORATION,
A. IK BARLOW,
Chiet Manager. Hongkong 7th January; 1925.
THE CHARTERED BANK OF: INDIA, AUSTRALIA & CHINA.
INCORPORATED BY ROYAL CHARTER, 1853.
HEAD OFFICE: LONDON:
Paid-up Capitai
Reservis Fund Reserve Liability of. Pro-
priators
£3,000,000 £4,000,000
£3,000,000
FOREIGN EXCHANGE Hd General Banking business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for year or shorter period at rates which will be quoted on application.
A. 7. FERGUSON,
Manager. Hongkong, "April 15, 1925.
BANQUE DE L'INDO-CHINE.
P
HEAD OFFICE:
06, Boulevard Haussman, Paris.
Subscribed Capital... Frs. 72,000,000,80
་ ་ ་ ་
Fra 08,100,000.00 Paid-Up Capital Reserve Fund... Fr. 59,007,283,44*†
BRANCHES:
Bankok
membang
Fishon Fathe
Hongkong
"Meigia
Balgos Shanghai
Singapore Piposte
Tintain Tourno Pakrag Pano-Penh Yuuganfu Pondicherry BANKERS:
IN PRANOR Comptoir National Escompte da Parla; Credit Lyonnel;-Banque de Paris al
ine Para-Bass Credit In luriel of Commercial
scate Generala.
AN LONDON: The Seidenst Provinaisi à lo Beak of England, Lul.; Comptab Najlical #Baampia de Paris; Credit Lyonnais IN NEW YORK. P. Morgan & Co., Tranh Amerloan Banking Corporation
Sezenty Trust Co. of New York,
fusement allowed on Current Accounts and Fized Deposita senording to arrangement.
Every description of Banking and Exchange Bas' tracted
A. LECOT,
Manager. Hongkong, March 20, 1924.
THE "YOKOHAMA SPECIE "BANK, LTD.
Established 1880.
Capital (full paid-up).. Yon 100,000,000 Reserve Fund
Yen 80,500,000
$
* * * *,ཝ*
Hend Office:-YOKOHAMA.
Branches and Agencies at:
Batavia,
Bombay.
Baenos Ayres,
Calcutta.
Changchun.
Dairen (Dalny).
Newchwang.
Now York
Orako. Peking. Rangoon.
Rio de Janeiro.
Fengtian (Mukden). Saigon.
Hamburg. Hankow.
Harbin.
Honolulu
Kai Yuen, Koba
London.
Los Angeles.
San Francisco. Seattle. Shanghai, Shimonoseki Singapore. Sperabaya, Sydney Tientsin. Tokyo.' Teinaniu. Tsingtau. Vladivostock.
Lyons. Maxil Nagasaki Nagoya,
Interest allowed on Current Accounts. Deposits received for fixed periods at rates to be obtained on application.
C. ARIMA,
Manager. Hongkong, 11th March, 1025,
The company's property còn- tinued to be mined on the tribute stem. The gross amount of tribute reiseived from all sources amounted to $11,970.69. Of this amount $5,58-1.60 was derived
from.
the sale of
ore and
from every godown.
Nowhere in the Dutch Archi- pelago except Djambi and other parts of North Sumatra and in the East Coast, is rubber so extensively planted, and, coffee is now considered as a second rate plant by the natives.
$6,386.09 from the use of a lead from the Company's pipe line on an adjoining block.
The tribute
The exports of pare rubber" on the one represented a return!
$26.11 per pikul or an from the port of Padang during avenge tribute rate of 37 the month of February last," were pur rent. The tributors main-198,584 kilogrammes. Jained healworks, pipe Enes, tailings, dumps and buildings in good order throughout the year.
FREIGEFT MARKET
Moyses, George tirimble and Co.'s Freight Cirendar, dated Hongkong, April 30, 1925 estates ;---
In spite of the steady tone of the leod view market, samil business was done during the mouth in Saigon Hongkong" chonetering, owing to Heavy he kings of forward tontage For conexative trips previously re parted and large homeward ro inet which millers are now fulfill- NIK At the close Saigon charterers brefused further tourage for. May loading at 8 cents, The tetention of a fleet of rice-laden: junks by military leaders at Pos Tigris sander the pretext of searching for farar, caused quite a panics amongst Joen! Chinese rice merchants; and again quite a number of steamers fixed with Canton options availed Themselves of sane and diséharged
|
at Cantt.
Eliquines for tonnage from Bangkok and Rangoon to Hongkong and from Saigon to the Philippines - War nevusionally placed in this mar. ket but actual business transacted locally was confined to a couple of stealers for Hongkong, Bangkok and Hongkong on lampsum busis. For a time small parcels of sugar were obtaineble from Tourate fo longkong at 35 cents per picul, andal from Sum Bay to Canton 66 $4.50 per talk Newehwang and Duloy bean Joninge was-neglected; only two strmers were fixed this month, both a very low rates. Hongay Hongkong and Hongkong-| Swalow coal freights were quoted
RUBBER AUCTION.
May 9, 1925. Messrs, Guthrie & Co., Singa- pure, report:-
2 Rubber. A shortage of ready rubber in all markets has have soared to the highest level been very apparent and values for years, closing-
London Zs. 01⁄2d. New York 51% cents gold. Singapore 87 cents.
The local market has been slow to follow the advance, but closes strong and active with buyers near and forward.
At
An honest rubber company should, I maintain, build up.a
Enclosing my card,
1 am, etc...
*. CAUTION. Shanghai, May 13, 1925.
LOCAL SHARE MARKET,
1,8,8.U T.T. on selling rate
London
SERICIAL
QUOTATIONS.
10.30 A.M..
MAY:
KOMAN
Stock Exchwuge
Bank
MAY 11 Sharebrokers? A saoulation., Babk.
9/27
*/27
73+10%
73-1/2
b 1309
b.
£#1-1/3
b. "A" 201
6. "0" £13]
b. 2111
b. 100
aad va Shanghai
Hongkong Banks 125 b London-£1394 b
£si b. Chartered Bank
Mercantile Bank AB £ta=1/7 b.
do.
P. &0. Bank
East Axis Bank Marine insurances
Canton Insuranod... Chipa Dadira
+
North China Insurance
Yaarta Insurance Tire Insurances
Futures are at a heavy dis- count, the October-December posi- Union Insurance tion in particular, and sellers are scarce.
+1
Quotations. May 87 cents, June 83% rents, July-September 77 cents. October-December 71 cents, nominal.
The weekly auctions were not very well attended, and only 184 tons were sold, out of 346 tona catalogued.
The following is the course of values, the first figures being Singapore per lb., the second their sterling equivalent per lb., in London:-
Sheet standard quality ribbed smoked "77" to_(1/10), gold average quality 75 to 77% (1/9% to 1/104) off quality 72% to 75% (1/9% to 1/9%), crepe standard quality pale no sales, good pale-74.to 76% (1/9% to 1/10%), off colour latex-72-to 73 (1/9% to 1/9%), clean fine
in the market at $2.50 per ton. A brown 70 to 72 (1/8% to 1/9%), purt cargo of coul, was urcepted by | brown 68 to 70 (1/8 to 1/8%), à regular liner at die rate of $3.00 | scrap 64% to 66% (1/7% to per ton for discharge at Canton, 1/72), bark 62% to
(1/6% to 1/7).·.
London stocks May 4, 1925, 11,720 tons.
Or Timechúrters. The Norwegia 15. Fjeldstrand 1,850 tons d/wi. aas fixed for 3 months at $5,000 per month le Rocad charterers. Chorlters are not interest in further timechartering and- are quoting very poor rates for moderu coasters with Hongkong Govern- mont, Passenger Licence."
CREPE RUBBER.
crepe
64%
t...745
£19-1/8
2.115
87. n
250 h.
21.
* 3.48
Ti40.
D 14D
200 b
b 20 m 301
b. 48
200
China Fire Tgznzanus. ....... Roogkong Fire Insurance. shipping
*
b זיB
'200 h.. 670 b
Douginson... B.K. Steamboat ... Hongkong Tugs and Lighter 41. rado-Obins (Prol.)
Shell Transports -
Star Ferries
Water-bosta
Oriental Nev, Co.
tineries
China Bugar Malabon burar Mining
Benguete Kailan Langkata Shanghal Loans
++
Hamilton
Mr. Muteriro
REPULSH BAY HƠTEL.
May 17,
Mr & Mrs A. W. VanMr and Mrs-Hiors
4 del A third Mr. and Mrs B. J. Dr. W. F. Attenburg Lacon
Mr and Mrs & R. & Mr & Mr E Lond
Usriston
Mira W. W. Ment Mr Jarley
Mr and Mrs J, R.. Mr and Mrs L. 8. Parker,
HEAD OFFICE: HONGKONG Authorland Capital ....$10,000,000 Paid-up Capita?........ 15,000,000 Reserve Fund 1,000,000
DIRECTORS:
Hon. Mr. Chow Shou Son-Chairisa. Fung Ping Shan Mok Ching Kong Li Koon Chun ́.... Hong Yun Tong
Huyuh Ta
P. K. Kwok
Ng Ching Luk Pong Wai Ting
Kan Ying Fo Chan Ching Shek Every description of Banking and Exchange business transacted. Low- granted on approved securities.
SAFE DEPOSIT BOXES to leti..
KAN TONG PO,
Chiot Managez,
Hongkong, 16th February, 1926.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
(NETHERLANDS TRADING SOCIETY.)
"
ESTABLISHED. 1834. -Hounsons Baison, Establinums: 1908 -
Authorised!' apătaši 14, 150,000,000 £32 500,000 Pau-up Capien... 80,000,000 46,666,879 | Raseren Frisa.....G. 20045,082 & 3 870,419. Special Rervm.... 2,860,000 £1,988480 HEAD OFFICE:-Amterdam BASTERN HEAD OFFICE :--) SLAVÍK.
BRANCHES
*Bomber Cheribon Djember The Hague Robe
· Bandarmarin Bendong Calattia Djokjskaria Kota-Rat Padang.
Penang
| Rotterdamo Singapore Tagal
Menar.
Palembang
Puniink
Smarag
Boeraba
Thiazin
Median
Pooler gan
Rangoo
Bhangha
Sentra (Solo)
Levrole
LONDON BANKERS:- National Provincial Bank, Ltd. Correspondents all over the world. BANKING BUSINESS OF EVERY DESCRIPTION
M. J. HERBSCHLEB
Agent,
Hongkong, November 4, 1924.
司公理管菜實法中
SOCIETE FRANCAISE DE GERANCE
DE LA BANQUE INDUSTRIELLÄ DĚ CHINE ETABLISSEMENT FRANCO
OHINOIS.
(Incorporated in France).
5, Chator Road, Victoria, Hongkong.
HEAD OFFICE: 74. Rue St. Lazare Paris.
Subscribed Capital fully
paid-up Reserve Ford & daughterMr & Mrs W. C.
Vander Steen Mr 8. Bart
Ellis
Mr & MrsT. Schryva Mr & Mrs &. D Gal-Mr W. G. Simpson
Mrs
IOWA IBOR
Mr & Mrs Townnach Mr and Mrs ChesterGeneral: Lau Obna
Haworth
Won
Mr and Mrs M Y.Mr. & Mrs Weat. Herclschfeld' &child worth
FELK HOTEL
May 15.
Dr J. W. Anderson Miss G Kennedy Mr B. A. Arthur Mr M. F. Ker My Mre F. AustinMen L. E. *il ee. Mim E. R. Bally Me and Mrs E R Dr H. Balean
Mr J. A. Barton
Mr and Mrs 8. H. Mr and Mrs T. G. Langstem
Frs. 10,000,00N Frs. 10,790,000
Working fund provided by THE BANQUE INDUSTRIELLE
DE CHINE
Frs. 60,000,000,
BANKERS:
Gonorale,
Parla: Societe
Nationale de Credit. Paris et des Pays-Bas, London: Midland Bank, Ltd.
Bangor.
Banqua da
New York: Irving Bank Columbia Trust
Co.
Every description of Banking and Exchange Business transacted. Corre spondents throughout the world,
M. FITZ-HENRY.
Manager Hongkong, 18th February, 1925. ¿
Mr and Mrs P. W Mr and Mrs G. D. THE BANK OF TAIWAN, LTD.
Mr M. J. Broen Major Al B. Little-
Mr and Mrs. R. L. Mr G. 8 Lloyd
Mr.S. D. Darothers Mr and
Mr. Mallar.
MR.H. Olelaad Mr J. F. Miller
MrH. A. Mila
Miz I H. Cormnak Mr E E. Mimme Mr and Mrs W. A. Mr. and Me J
Carzell
Krogh-Mos
Mr. and Mrs J. D. Capt R A. F. Mon-
Daaby
taro La-Col ́R. A. Dob. Mrs 0. L. Morse
Mr and Mrs W. N. Mardock
50 1.
58
Bennett
Hr K. Larsen
Jg38 sa
A +-12
Blackwell
381.
39
Mr W. E. Boarus Miss Lays
do
(Exef.]
100 6
de (B.R. Rox.)
100g
1.
19
Miss P. W. Brown johns
A bi
นี
831
1 82
Bridger
Mr J. D Lloyd
17-1/4 0
D 172
255 .
Capt: Mes J. O
Mr W.
*Carpenter
Me&insh
Mr RAE, Clark
$9 b
**
M
+524
Mis M.Cooper
str
thing Adm. ***
17/3
Osmb. T:6-12 6 261 sa
b. 26
Tist b
b. 5 1/3
3. 12
U...
195
1168 130° a TOD
an 114
#. 9
T
121-22
Hongkong Amusements
10
Lands. Botels & Buildings, H.E.& Shai Hotels 15.10 b. & sa New-
b. 18.
Hongkong
B.K. Reity
---82-11tb 94
b 84
Humphreys Babaton
90-1/3 n
201
-
Princes Bailding --
1,60
150
Shal Explorations... T_5-715
Langkata
Tronoh Mines Ural Casp.
Docks Wharven, Godowns RG.
H. & K. Whacks
H. & W. Dock
Shanghal Rongkewe
Now Engineerings...
B'hai Books
H. K. Engineerings
Lands
Kowloon Lands
H.K. Ferritoria}# Rarat Landa..
Deiontāla, ka Shanghal Cotton.
Ianglerepood....***.. Miscellaneous,
Cammertón"
Cement Combined
China Lights (Old)
a. -3.13
Mrs N."0. Donald Vr soð Mm H. R. Miss E Mardock
Edwards
Miss M. W Newe- |My_and_Mrs W.-X. "holme
Kurface
Mr R. E Farroll
Mr W. Ogdoa
MA. B. Pann
Lt. Col. F. G. Fits Mr A. Primail
Gargid
A
Mr BLR.. Remington
Mr D. FitzGerald. Er A. Ritchs
My de Min 1673 Santt Forbes Miss M. Forbes Mr W. R. Seiffort
Mr R. J. W Foster Mr &... E. Bkelzou, Mr and Mrs F. P. Mr & Miss D.
Franklin
Stabbings
Lt. E. C. Fredwick Mr and Mrs A. F. L. Mr And Mr H. R. Starloo
Glen
Mr W. D.Goodfellow
Mr B. A. Haln
Miss M. B. Rall
Me J. B. Hawker
Mr. O. P Stardes
Mr G. J. Tarrant
Mrs J. S. Thomann.
Mr and Mrs
Tarat
0.
Mr W. d. Hawker“ Mr A. W. Tlokle
Homy-Un-Col; and Mra H. Trevelyan Me L. D. Turner Capt nod Mira ti
Walker"/
Mr H. Howall
b 11)
Mr G. M.
worth
3.90 m.
เม
Lt. Comdr. G.
Role
T 57 m. Now T 31
1. 50 New 3=:
New In. 25-13 13
$21.
, do (New) 11 s. Comb 37 m - Chira: Providenta 15° a. -How 34 m. H.K. Developementa n. 80 Cle
Providenta Combined
Dairy Farmiku
844 b
16 n. New 10.30
K. Electrics... Muco do Hongkong and Canton Loo Hongkong Bops
The "Financial Times" under- stands that a meeting will shortly be held of producers of that TAXATION REFORM.
special type of crepe rubber which Cotton WiLLO.
Ewo Cotton Miltis, Lad. T 11.30 has been adopted with such strik- According to the Asahi, the ing success for shoe soles for
Kang Tike Taxation Reform Commities of the sports and other wear. The pro- Jajaneke Government is
nowposal to be considered is the seriously considering the proposal to formation of an organisation or love a new tax on domestic, articles syndicate for the joint marketing of luxury. To this proposal, says of the particular product in ques- the Osika journal, practically notion. It may be added that shoe dissentient voice is nused within the sole
demands special Committee from the theoretical point machinery and preparation in the of view, but some difference of view various rubber estate factories, prevail as to its practicability. Even and that it commands a consider- those who believe in its practicabili able premium over other rubber ty opinions differs to when or in the market. where the imposition should be made. It is a rather difficult point to decide whether the tax should be lovied on such goods, at the time of production, or on the occasion of
Owing to the heavy oversub- their sale by wholesale or retail scription of the Kuala Muda The settlement of this point. claims Rubber issue, letters of allotment a good deal of attention, as it makes and regret were only posted on great difference to the amount of April 5 In the circumstances of the revenue to be readised. The the case, applicants necessarlly Asily further says that opinion is receive but a very small proportion ghtning strength within the Counterbre stvara rubbed for Subs mittce in favour of ruang the ↑ and scriptions for loss thad 100 shares of anke and tobacco. As the Gove are, washed out, while ment thinks foreigners chobo for 200 shares braces and shoes are luxuries, the Committee, may, the daikon, Iand tasqki," There is nothing like
taking a broad and com
- BOOMING.**
Combinados,
Paz Teamways (Did),
Do Watson's Wm. Powells:
-Cantom
LE
(n. 13-1/9 New vi, a (Comb, b 28)
(Hawn. 10 Comb- on., 333-11-
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Mr T. L. Jenkins My H. R. Weller Misi 0, 1-Jankiu DWAJ 1. Whybe Mr.P. A. Jahnso 1. Min4,0. Willmets Mr.G 5 11 140 Jaqua fie and May F, 2. Mr and Mrs A. D. Wɔ01
Kennedy
BF. Young
· (Taiwan Ginko.)
Incorporated by Special Imperial
. Charter, 1890.
Capital Subscribed Capital (Paid-up) Reserve Fund
+
....Yan 60,000,000"
Yon £2,500,000 Yen 12,980,000
HEAD OFFICE: TAIPEH, FORMOSA.
BRANCHES: JAPAN-Tokyo, Yokohama, Eoba,
Osaka, Moji.
FORMOSA-Giran, Kagi, Karenko,
Keelung, Makung, Nanto, Pinan
· Shinchiku, Taichu, Talnûn, Takow, Tamaul, Tobyen, Ako. CHINA-Shanghai, Hankow, Kiukiang, Amoy, Foochów, Swatow, Canton. OTHERS. Bangkok, Hongkong, Singa- Socrabaya, pore,
Samarang, Batavia, Bombay, London, New York.
LONDON BANKERS: London County Westminster und Farr's Bank..
tema is to Buropean Quadset, Bus Man The Blerk has Correspondents in the Commercial
chería Tragiao, Japan, Indo-Untaa, Slam, India, "Pauppias inlade, Jars and 20:04 Indies, AUNT
Hila, Atverica, Brilon,, ka,
Inzaga, kilowad on Cermat Account Vid Deposite ni zaten wisich will be quotes, su spyllem
Z. YAMAMOTO, Manager. HONGKONG BRANCH:""
8. Des Vaux Road Central. ' Hongkong, 5th June, 1924.
THE BANK OF 'CHINA.
(Specially Authorised by Presidential *
Mandate of the Republic of China on the 22nd of November, 1917) Authorised Capital ... Paid-up Capital Reserve Fund
| $80,000,000.08
$18,278,500.00 £9,629,475.32
HEAD OFFICE: PEKING,
HONGKONG BRANCH:
In the absence of any candidates consenting to stand for the office, the election of a president for the
4, QUEEN'S ROAD CENTRAL Kobe Women's Club was post
Branches and Sub-branches all over poned antil a later date at the China and Correspondents in Europe annual general meeting of the Club America, and other parts of the work. held at the Tor Hotel. Mrs. W. Londoa Bankers: The National Provin E. Strong, who was elected to thee Guaranty Trust Company of New cial and Union Bank of England, Ltd.
Tork
new Board has consented to act
as chairman during the ensuing New York Bankurs: ---The Irving meetings until a new resident has National Bank. been elected, Mrs. Morgan Young. The Equitable Trust Company of New president of the Club for the past
►