HONGKONG AND SHANGHAI
BANKING CORPORATION.
Authorised Capitaă....
fered and Polly Puidup
Meseren. Nandk
T
ARM!
С, АНУ, тикі
"SOBER OPTIMISM.”·
GOVERNMENT POLICY FOR 1927.
+
1926 Deficit Legacy.
Storbritan
HUVIP
Reserve inhill1 of Proprietora, ze #ük,ora, 200
LOAN
AND
INCREASED REVENUE PROPOSALS.
27
HEAD OFFICE, HONGKONG
COURT OF DIRZUTORS:--
"
on, Mr. D. G. M: Bernard;"
W. J Hall, K
im. Mr, A.
1 pty
HAR. lt.
J. A. Pitruower, Kati
Womil, MONIT.
A. 11. Compton, Karja
W... Pattern,
וי
H.; KAPIT
M. Young, Kesh
Chief Menager,
A. I. Barlow, Rey"
BRANCHES.
AMOY BANUROR BATAVIA HOM BAN CALOUTZA CANTUN WIRFOD COLOMBO DA HEN PODOBOW HAIPHONG HAMBURO HANKOW HARREN
IDYLO
1104
2011ORE
KONK
XDALA
GAMPUH
TANDON LYUNK NAJAREA MANILA MOIRDEA" RAUANAKI NEW YORK
PKKINC
PENANG
RANDDON
Sarabs
SILANGHAL
SAN FRANCISCO
MINHA POR
SEURAHA YA
SUNGEI PATANI TIENTSIN
TOKYO
PRESTILO
VOROBAMA
Extra Acrouri njunei talonal Du rongy heech Mike Dnjou by 16. ut fan in your fir morte putin
curre Fare which will be anotandangi zapisyn C Hựng Kong, Bethan voegadeum,, Streut.
HONGKONG SAVINGS BANK.
The Run of the ance Bush chucked by the 18ONDIGUNG AND SPENGUAD BANKING, CURIOR UPON, Ruli ay saints more application,
Hongkong, Sne MM), | B
Mang
for.1926.
M
the The spegch with which Colonial Secretary, the Hon. Mr. W. F. Southern, Introduced the Budget b for applying a sum not exceeds $17,741,643 to the public service of the year 1927 was is part) na follows:
in view of the recent public advo- deacy of a "bold and progressive"
JJ
THE CHINA MAIL.
In
6
14
#
Official Receiver. It has been customary in the pust for this post either to be Alled by
· SATURDAY, OCTOBER 16, 1926.
.
4..
Education Department.
Batavia
Kombay
Calcutta Canion
5,000,000 1,200,000
Mellor in Panelsos: Nagak Font:le New York Semering Danka
Paris Peking
Bhanchal Sinopore
ཤི་དུརrn ནཝཱ?nn P རྩ
་་
Kobe
Penang
Kowloon
Bangoon
Taty Tientat
Londin
Salgon
Pikyo.
all principal
The subject of Education is cue! to which your Excellency has de- voted much personal attention since
Manila
Correspondents in alties of the world.
Every description of Banking and.
Loane Exchange business transacted. granted on approved ascurities.
SAFO DEPOSIT BOXES to let
KAN TONG PO,
Chief Manager.
سوم
Hongkong, 22nd May, 1926.
行銀商工法申
BANQUE FRANCO-CHINCISE
"
pour le
Commerce et L'Industrie (Incorporated in France)..
HEAD OFFICE: 74, Rus St.
Parda
.. 20,000,000,-
Pes 1100.000;--
BRANCHES:
Paris
Lyona
Marzollos
Saigon
Haiphorg Hanoi.
Peking
Shanghai Tientsin
Canton
Hongkong
BANKERS:
FRANCE: Societe Generale, Banque Nationale do Credit, Banque de Paris et des Faya Bas.. LONDON: Midland Bank Ltd.
o bring in about $100,000. It is tant that our splendid harbour and that the savings and, pronta THE BANK OF EAST ASIA, LTD. proposed as from January 1 next should be efficiently administered will more than cover the cost of to increase the charge for water and the Government after careful the additional staff.
''HEAD OFFICE HONGKONG. supplied to shipping, by water consideration of a very full report The only other matter calling for 10, Des Voeux Road Central, Hongkong. boats from 50 cents to $1.00 per by the present Harbour Master in special comment is the X-Ray, plant
Authorised Capital
$10,000,000 inade-sub-head 43." It was not possible Pald-Up Capital [1,000 gallons, and for wharf and which he pointed out tho
building, supplies from 76 cants to quacy of the present staff has to obtain the new plant this your Resorve Fund 31.00 per 1,000 gallons,
decided to recommend to this Coun-nnil the Government is advised that BRANCHES AND AGENCIES:- The Colony has recently expendelt the following incronsds-One the amount provided in the cur
(The Front estimates, waa inadequate. od very large suma in increasing Deputy Harbour Mastor, and Improving the water supply. post of Assistant Harbour MasterThe amount has therefore been in and it is felt that these increased Boing rotained on a lower salary);|cronsed to $16,000 of which $10,00)| Haiphong
The Two Boarding Officers, One Junk is a vevote. A spirit of "sober optimism" (in the words of the Colonial charges are fully justified.
Sanitary Department, Secretary) characterises the Budget for next year, introduced at rates for water for shipping at pre-Inspector. Two Marine Surveyors,
sent charged in Hong Kong are fur One Stenographer.
As in the case of the Medical De yesterday's meeting of the Legislative Council
Whilst feeling justified in assuming that prosperity will once below those in force in most of the The increase in salaries owing to fpartment a due regard for the The Public Health 'has led the Govern- more smile upon the people and Government of Hong Kong, the Gov-ether Far Eastern Ports. The these new posts is $38,344. ernment proposes to raise a loan to defray the cost of the Shing Mun shing Mun Valley supply ta beyond separate post of Master of the Res-ment to provide an increase in the scheme and also to introduce proposals to increase the revenue-mes reproach both by quantity and neue Tug dieappeurs as the duties personnel of the Sanitary Depart sures which are necessary owing to a heavy deficit on the working quality and the charge will be only will be performed by one of the ment. The European Sanitary In £1.00 per 1.000 gallons as against additional Boarding Masters. spectors have therefore been in- $2.00 and Rs. 6/- per 1,000 gallons!
The only other Item calling for creased by, one Senior and four 2nd tare of $21,571,905 and our surplus in Singapore and Colombo respec-special mention is the sum of Cinas Inspectors while one Insper. $40,000 under Special Expenditureter has been, transferred to the! of sasets over Habilities at the endtively,
Medical Charges Increased. for launch to replace the "Vic-clerical staff leaving a nes Inl of the year was $15,971,496. 1024 our revenue was $24,209.640 Secondly in connection with re-toria", which is now about 40 years cronse of four.
which have beenfold and has been condemned as Under Special Expenditure pro- and dur expenditure $28,726428 and presentations
vision is made for two more motor our surples balance was reduced to niade by the local Medical Profes-unft for further service. $18,107,549. Our revenue in 1925 sign it has been decided to increase),
refuse lorries, Motor. lorries have Fire Brigade. Under this head there is a very proved cheaper and more efficient Your Exceliericy has already was $23,241.365, our expenditure the ratca charged in Government Enddressed the Council on the pol-$28,266.817 and our surplus fell to Hospitals, to bat and 2nd Class considerable increase in Personal than bullock carts for the transport? tical situation. It is a situation not $8,113,432 with which to meet any Patients to cover to some extent Emoluments, owing to the adoption of refuse and the policy of replac-1 free from anxiety, but, the events of defeit on the accounts for the year the cost of Medical Treatment. "An of many of the recommendations of ing the antiquated bullock cart by!
increase in revenue of $38,000 is the Fire Brigade Committee whose the motor lorry is being pursued. the ass, few days have justified uk 1926.
The cost of the refuse barge pro-] 1926 Deficit.
report was published as Sessional; anticipated from this change. in framing our budget. in an opti
Now the Estimates for 1326 were The total estimated expenditure Paper No. 6 of 1926. There is an in-vided in the last Estimates will 5, Chater Road, Victoria, Hongkong. mistic spirit, confident as we are in the inherent strength of the framed soon after the strike and as you will see from page 12 of erches in the floating staff owing to fall to be paid in 1927 and a re geographical position of the Colony. the commencement of the boycott the printed Estimates is $22,194,702 the fact that the new fire float was vote is therefore provided.
Botanical Department. But while we are justified in opti- and in the reasonable expectation and from this in excluded alt ex-brought into service this year! The
The only items calling for spo-.. mism we re not justified in pursa- that the boycott would shortly be penditure on the Shing Mun Vafley freduction in Rent of Stations is duecia comment are first that it isCapital ing a policy of extravagance and removed. With the knowledge that Water Scheme-amatter te which to the approaching completion of
The Estimate the new
Fire Station. Under proposed to All the post of Asalat-Borvm. there was substantial surplus to will refer Mater. fall back upon in case of need re-shows a reduction of $1,596,013 on Special Expenditure it will be seent Superintendent which has beon Opels) Working Capital... Fm 80,040,000)-—-
time as a policy it is well that we should venue was estimated at 323,367,745 the original and $2.663.084 on the that provision has been made for left vacant for some
of retrenchment andli pause for a moment and take stock and expenditure at $23,790,615. revised estimate of expenditure for two light motor pumps. It is hoped ensure
secondly that provision has been The eptimism of such a budget was the current year and will leave that these will prove specially use made for extending the Forestry fof our position.
Teful in the steeper districts where Reserve at Tai Po. gone with a deficit of $1,787,305. For over a fear this Colony has instifiable but events have
against us. The boycott has last-meet this 1 shut at a later period fire fighting has always been he subjected to an illegal res
ed through more, than three quar-in to-day's proceedings ny before serious problem. FOR THE HONKONG & TANHHas tradht on tmde, which could not bat PANKING COUPARATION
Taffert the revenue of the epiony and ters of the year and although, as you eertain proposals estimuled to A. E. Barlow,
the general prosperity of its people; have already remarked, it has produce an additional revenue of
no under-1,2600,000, and it was unfortunate that this neither palyzed us
Shing Mun Scheme. altack care upon as at a time when mined the foundations of our pros
a Cadet Officer, or when suck officer return to the Colony last year. the peak of a boom had just been perity. It has affected us tem-! The balance the Government pro-was not available to be combined and the importance which the Gov- by charring the wish that of Registrar. Supreme emment attaches to it is reflected pusset and the inevitable reaction pararily and has reduced our esti- poses to meet
in the increused provision made in cor-mated zevenue by something underwholed the Shing Mun Vall Court. had begon.
the Estimates for next year..... reetly informed trading endistesten per cent. so that our revised Schent to a loan to be raised at an proved unsatisfactory
Every description of Banking and 6906, Boulevard Haussman, Paris.
in this Colony were not in healthy estimate stands at $19,186,657, appropriate time and meanwhile to Government on the advice of a will be remembered that drastic re-
is Exchange Business Transacted: Corre- Reason For Deficit. Enance the Scheme by borrowing Honour the Chief Justice considers auctions were made last year Subscribed Capital..Frs. 72,000,500.00 condition in the early part of inst
Our expenditure on Paid-Up Capital Fra.68 400,000.00, year, there had been a large volume
the other the mount which will have been that a permanent appointment is anticipation of reduced attendance: spondents throughout the world.
This anticipation has happily not ... Fes. 50,607,283.54j of unwise and extravagant specula-hand it has not been possible to expended on the Scheme ap to the necessary for this important poateer realised and the Department Reserve Fund
The end of 1926 is estimated tion. and the contraction of basi-keep within the estimate.
consequently finds itself seriously neas which had already set in was difficulties of sudden retrenchment $2,050,000
understaffed. The whole of the accelarated by the restrictiongeaus- I were explained by the late Governor $800,000 is required in 1927 and
Preaching staff as regards ita num- when he introduced the budget in about $305,000 to 1928. This wit As regards Personal Emolumentsers. Is chssification pad its Led by, the illegali boyrots,
THE CHARTERED BANK OF October 1925 and these diflenitur complete the first portion of the the only changes of importance are Future Prospects.
INDIA, AUSTRALIA & "CHINA. The Colony has surmounted this have been more than fully realised. Scheme and plage the water supply in the relative strengths of the In-salaries has been passed under re- view" with resultant changes tool and The positier did not clear up asot Kowloon and for shipping bedian and Welhalwei Contingents numerous and detailed for e- Incorporated by Royal Chater, 1953. double crisis with less Joss damage than might reasonably have early as Sir R. E. Stubbs then hoped, yond any probability of shortage The total strength remains the same capitulation nere. The net result | HEAD OFFICE: LONDON. been feared; and with none of those and so far from being able to put for an indefinite period. It does viz., 308 but as the periods of is an Increase in the Personal Paid-up Capital disaster's which our small but voel before you a supplementary pre-ot provide for bringing the water engagement of the Welhalwel men Emoluments vote of just over one Reserve Funds....... Gerous group of enemies, not only gramme of Public Works such as across the Harbour to Hong Kong come to an end they are replaced lukth, which provides for a total Reserve Liability of Proprie LONDON: The National Pro-predicted but with that supreme dis- His Excellency envisaged we havelsland and the Government does not by recruitment from India; the increase of 30- in the staff of whom incial de Union Bank of England, Lud: regard of truth which so frequently found it necessary to supplementeel justified at the present time i dlans are more expensive but ex-in temporary mistresses, were for
many of the votes for the works Proceeding with this portion of the perience has shown, that they are merly paid for from savings and Comptoir National d'Escompte de distinguishes them announced as Paris; Credit Lyonnais.
actual occurrences. The Govern-which were actually included in the original scheme.
worth the extra cost.
were not ahown in the Estimates. IN NEW YORK: J. P Morgan &
The loan proposal is at present An increase has been provided in Provision has been made for in- Co.; French American Banking Corporament feels justified in assuming 1926 estimates. Where economies
to. creased subsidies encourage "Hou; Guaranty Trust Co. of New York, that we are now at the nadir" of were possible without serious de before the Secretary of State, and the numbers of Cantonese Female
trimons they have been effected: the Government is awaiting his Searchers owing to the prevalence education in the New Terriicries. your period of depression that one
If the proposal of smuggling of arms and oplum Interest allowed on Current Accounts rent merchant houses, with their where supplementary supply was decision.
Under Special Expenditure the vote and Fixed Deposits pecording
Under Other Charges, conveyance For Building Grants which had splendid traditions of courage and found necessary the Council has proved a sum of $2,050,000 will be arrangement.
the will seize opbeen supplied with the fullest in-made available to meet the est allowances have been increased instood at $150,000 in each of the Every description of Banking and foresight,
And should: the
CI- pursaance of the policy of portunities now reopening and formation when the votes were askinted deficit Exchange Business transacted.
estimates prove correct
there that prosperity. * with once ed for, and, but for the heavy ex-
people penditure of $748,585 this year's should be a balance of just under couraging officers to provide their entirely in 1926. It is considered mark smile
the upon
on Government service. and the Government of Hong Kong.share of the cost of repairing the $1,000,000 to meet any unforgecen own motor cycles and to use them essential to restore it in the 1927 Estimates and a sum of $100,000 iś The necessity for
Under Special Expenditure 36,000
The increase in the provided. But, Sir, it is not the duty either damage caused by the great storm expenditure.
has been inserted for purchase of of Government or of individuals to in July last it would have been pos-charging, the Shing Mun Water
equipment vote is chiefly required
Foreign Exchange and General Bank- throw caution to the winds. The Bible to restrict the total expendi- Scheme to loan
ing business transacted. Government has been accused of ture very closely to the total esti by the late Governor in his Budget arms. Many replacements and to complete the equipment of the
Current Accounts opened and Fixed The total increase in the amount Deposits received for 1 year or shorter falling down and worshipping the mate. As it is, however, we antici-speeches in 1924 and 1925. So long spare parts are recessary and it is new King's College. ideat of "Retrenchment." At the pate an expenditure of $24.867.7868. there were surplus" balances essential that this branch of equip. risk of wearying the Council I which is $1,067,171 over the esti-available Sir R. E. Stubbs rightly ment should be kept in proper provided for education amounts to periods at rates which will be quoted
o less than $236,488. The total on application.. The Verey light pistols and car-vote is however only $16,560 more would invite its attention to a few mate and will leave an estimated refrained from proposing addi- order. facts and Bgures which speak for deficit of $5,371,129 on the year's lonn; the perition has, however, now tridges are in the nature of an ex than the amount provided for 1925
working,
been reached when the balances are periment and are intended for use and even in these days of retrench- 3 Gourses Open.
exhausted and the Government pro- by villages in the New Territory in ment 1 do not think that Honour- The effect of this is to reduce poses to act on lines suggested by case of attack by armed bands of able Members will grudge the re
estimated Furplus of assets Sir R. E. Stubbs at the close of robbers.
storation of the votes for this. mat- the The motor car la intended chiefly (ter of vital importance to the future over abilities at the end of 1926 his speech when introducing to 32,742,383. The whole of this last Budget.
for the use of the Criminal Investi-well being of the Colony. " balance is locked up in building
Public Works Dept. In dealing with the Estimates in gation Department and will save
curtailment of the With the leans made in the days of an over- detail, the Colonial Secretary said considerable expenditure now in- flowing exchequer, subsidiary coin that he would like to point out that curred in hiring cars.
amount of work for which the and other assets which are not Im while every effort had been made in
The last sub-head, Expenses of Government finds itself able to Capital Subscribed Yen 46,000,000 mediately réalisable and cannot
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
BRANCHES.
Y
Tangok Br
H 13
Hamitlerry
Sprites or N-04
Saisin
Singapore
Dijonath Car-Husnih
Baghong Polifag Bankow
DM PONOS
Pre-Ph Yuma BANKERS:
".
IN FRANCE: Comptoir National Escompte de Paris; Credis Lyonais; Banque de Paris et dos Pays-Bas;
Credit Industriel et Commercial; Societo Generalo.
IN
Manager:
A. LECOT,
Hongkong, 11th December, 1925..
NEDERLANDSCHE HANDEL: MAATSCHAPPIJ.
to
NETHERLANDS TRADING SOCIETY.)
1
Established 1824.
Hongkong Branch Established 1906.
Authorite spital (F 160,0m qnd £250,000 themselves, Paid-Up Capital... G 80,000,00 20,14107 In the year 1922 we had a revenue Record Faud..... 21. NO.2 1369,7-8 Jual Roger C. 360.00 384 of $24,783,763 and an expend!-
HEAD OFFICE:—Amsterdam.
CASTERN HEAD OFFICE: Batavia THE MERCANTILE BANK OF
BRANCHES
·Bendjeravati Budg Bombay
Cheribon Jember “Philague. Kolo
Kola-Radja Tuon
alentin
Djokjakarta
Padang
Penang
Molun
Palembang Pécaringan
Pontistak
Botturday Samar
Ingapor Sonra
'ogal
L
*j
Rangoon
Slanghint
Scerástart:(501))]
Weltevreden
LONDON BANKERS:- National Provincial Bank, Ltd. Correspondents all over the world. BANKING BUSINESS OF EVERY
DESCRIPTION.
J. C. MAASSEN,
Acting Manager.
"Hongkong, 3rd August, 1920,
THE YOKOHAMA SPECIE BANK,
LIMITED...
Established 1880.
Capital (fully paid-up) Yen 100,000,000; Reserve fund.. Yen 80,500,000
Head Oes-YOKOHAMA,
Branches and Agencies at:
Batavia.
Bombay.
Buenca Ayres..
Caleatto.
Canton.
. Nowchwang
New York.
Osaka.
Paking Rangoon," Río de Janeiro.
Fengtion (Mukden), San Francisco.
Changchun.
Dairen (Dalny),
Hamburg
ankow.
Farim
aonolulu
Kai Yuen,
Karachi Kobe. London. Los Angeles.
Nagusiki,
Saigon.
Seattle. Semarang.
Singapore. Soarabaya Sydney. Tientsin. Toksov Tsinanfu, Tsingtan. Vladivostock. Nagoya
Interest allowed on Current Accounts: Deposits received for fixed perioda xt- rator to be obtained on application.
C. ARIMA,
Manager. Hong Kong, 11th September, 1:29.
R
INDIA, LTD.
HEAD OFFICE:
Sreedhare out, kantai, M, V, 5
,,Authorisert "Capital
Subscribe Capital Paid-up Capital Reserve Fund
£3,000,000
1,800,000
1,050,000
2,850,000.
WANDERS: The Bank Eragina 2 Melland Bosk, Zla BILANCE!
Kuala Lumpur Kak Tagkang Kaimant Palung) Naunghad My Hor
-มนั namalia Kdy Now York
les
Penan
Hourabay
it
Ex Haza Binen Fort Leela (31ngulilasi P HONGKONO BRA YEH.
Reary description of anting and sxehnuga bual- SOMN tel,
INTRUST alowed on Cerront Accompte are per Cani par oues Bally Balanen ami on Pi Dapodi ratio that any T certained un spollution.
O. L. C. MANTEN
Hinager.
7. Queen's Road Central, Funkong, June 10
THE BANK OF CHINA.
בכן 45
2 further
Kum
Dhia. ́ärrangement
Eas
and the
of
Provision has therefore been made accordingly.
Police Force.
was foreshadowed
tinal taxation or the raising of a
E
41
years 1924 and 1925
T
was omitted'!
NEW YORK-Irving: Bank Columbia
Trust Co.
Manager.
A. ROLLIN,
Hongkong, 1st December, 1925.
£5,000,000
£4,000,000
***... £3,000,000-
Agencies and Branches.
ALDA ḤTAR
(Mikiny StalUK). ANTITYAN BANGROS BATAYEA BUMIBAY CALCETTA GANTON. CAWNPORE UKHU COLOMBU
QEL!! HAIPHONG HAMBER BANKOW
MADRAS
MANILA MKDAN NEW YORK PEKING PENANG PERLAWAR PHO LANGDON
MAKON.
HEMAKANC
BEREMBAN
SHANGHAI
SINGAPORE
BOURABAYA ··
HONGKONG,
つい
TAIPING
TAVOY
ILDI1:0
118
KARACHI
REANG..
ΚΟΥΚ
KUALA LUMPUR · KUULING
CREAM
TIENININ
TOK¥10
TRINGBAD YORESHAMA
ZAMBOANGA
(Philippibu ainda!
A. H. FERGUSON,
Managor. 1
Hongkong, 1st August, 1995,
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.) Incorporated by Special Imperial Charter, 1899.
has Capital (Paid-up)....Yen 89,875,000 therefore be regarded as liquid as the direction of economy, this convey system $19,800,, provides for make provision next year it
Emolu- HEAD OFFICE:-Taipeh, Formosa, seta available to meet a defizit on economy had not been sought by the 50 machine gunnera employed been possible to make a small re- the Budget. In preparing the bud any fictitious reduction of votes be-prior to the boycott in piracy pre- duction in the Personal
bo vention work on the river steamers. menta vote for the Public Works
BRANCHES: get for 1927 the Government has low what will obviously therefore been faced with three quired. Inssible courses,
re-
Estimates In Detail 1. To restrict expenditure within The Colonial Secretary went into detail with regard to Senior Clerical the estimated revenue? 2. To increase the revenue so as and Accounting staff changes and
The men are held in readiness for Department. The amount provided JAPAN Tokyo, Yokohama, Kobe, the resumption of the convoy system may appear excessive for the work Osaka. and are meanwhile being used to to be done but it must be remem- FORMOSA: Giran, Kagi, Karenko, supplement the Police Force which bered that the staff of
Keelung, Makong, Nanto, Shin- chiku, Talchu Tainan, Takao, Tamsul, Toon, Hefto, Taito.
Amoy, CHINA-Shanghal, Hankow,
large A is below strength owing to unfilled Department cannot be expanded and contracted in a moment. The to meet the estimated expendito appointments in connection with vacancies.
the Junior Clerleal service.
staff has only regently been "in- With regard to the Treasury, it
ture,
3. To resort to borrowing,
all
Prisons.
Provision has been inserted. for creased at great trouble and ex-/OTH bechow, Swatow, Canton.
Hongkong, Singapore, Soeralaya, Semarang, Batavio, Bombay, Loudon, New York, Calcutta,
LONDON BANKERS: London County Westminster and Parr's Hank
Warders. Owing to the insuffi-expenditure" amounting in 1924 to ciency of the Jail Quarters it is nearly $10,000,000 and' in 1925 to necessary to provide rented quarnearly $11,000,000. At the moment ters for married warders in close we find ourselves compelled to re- duce this expenditure to something
The Bank has Correrendente in the Commonl proximity to the Jail.
Just over $6,000,000 but the Govern-Centre to the European Continust, XAMA, ZAS Fenuria. Ta nitao, Japan, Endo-Chías, Slaw. Andin In spite of the need for economy ment le optimistic enough to think Pillipiza Thiamin. Jaya, Africa, Ke...
Interest allowed on Current Accounța, and Brad''-
Medical Department.
and it is with these three possibili had been decided to recommend the rent for quarters for European pense to deal with a very "large ties before us that the,,budget now creation of a new poat of Assistant lal before you has been framed. Crown Solicitor to deal with When the details of the Budget legal work in connection with the have been examined, I hope that Treasury. Honcurable Members will agree. An additional assistant auditor la that it has been framed in what I also provided for in connection with (Specially Authorised by Presidential would term a spirit of sober optim- the Audit Department.
iam. We are justified in being Anew accountant to be recruited the Government has considered it that the time is not far distant Depowita ab ta which wi) be quoted on applice $80,000,000.00 cptimistic, but as Sir R. E. Stubha if possible, with 'postal experience necessary to make a considerable when it will be possible to proceed increase in the personnel of the with some of the postponed works Authorised Capital $18,278,600.00 pointed out last year time will be in England is to be provided for Medical Department in order and that it would be false economy HONGEONG BRANCH!
$ 0,829,425.24 required to re-establish our post the Post Office. A large saving is cafeguard effectively the all im to disperse the trained staff welds. Des Vauz Road Central.
tion and with China distracted by anticipated in connection with the portant question of Public Health. have so laboriously collected to Civil War and Internal commotion carriage of mails owing to new ar Provision is made for three new
Considerable savings are trade will still be difficult even rangements made by the British Medical Officers, one for Radiologi- however anticipated on the Personal
gether. after the special hardships recent postal authorities.
cal work, one for the enlarged Emolumenta Vote as it is intended Under personal emoluments for Victoria Hospital and to assist at
行銀國中
Mandate of the Republic of China on the 22nd of November, 1917).
Paid-up Capital Reserva. Fund
HEAD OFFICE: PEKING.
HONGKONG, BRANCH; i
4. Queen' Road Central. Brunches 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.
York
National Bank,
ly imposed upon this Colony have teen removed.
Increased Water: Charges.
the Imports and Exports Depart the Tung Wah Hospital, and one so far as possible to leave unfilled ment there is an increase of one for the Kowloon Hospital for which such vacancies as may occur dur As set out in the printed Bath European, and three Chinese Ro-only one permanent Medical Officer in the year. Opportunity has The Guaranty Trust Company of Newmates now before you we have venus Officers. It is anticipated 12 at present provided. Provision been taken to re-organise the wira- estimated our revenue for 1927 at that increased supervision will reis inserted for the first time for less staff in the light of our grow. New York Bankers: The Irving20,407,897 which though it is less sult in an increase of revenue which the staff of the Peak Hospital, in- ing experience of this subject and j ut the same time to group under the The Equitable Trust Company of New by $980,846 than the original est-will much more than meet the in-cluding Ave nursing sisters. An
mate for the current year is cronsed cost.
Assistant Bacteriologist is provid Electrical Department the wireless 8920,740 more than the rovente, wel There is an anticipated saving of ed for owing to the growth and staff working under the Electrical importance of the Bacteriological Engineer but lent to other Depart and Fixed Deposits, Terms on appilcaow expect to realise. These esti- $25,000 in the cost of raw opium. mates include certain comparativo-}- New Harbour Appointment,
work, it. fa hoped that by this armenta. The new posts under staff Every description of Banking Bually small additions to our sources of It is I think unnecessary for me rangement we shall in future lie lent to Police Department are to nose transacted.
revenue which, in present circum-to emphasize the importance to this able not only to supply our own provide operators for new wireless Loans granted on approved securities stances the Government feels just Colony of the Harbour which is in requiremente in the matter equipment on Police Launches and Special facilities for Home Exchange, fed in tapping The Arst increase deed the cause pad reason of the vaccines, and sera but also to sup at Folice Stations.
TSUYER PEI in water charges is estimated Colony's exlatence, It is all impor-ply outside requirements as well
York
Interest allowed on Current Accounts
tion,
Manager,
"
(Continued on Page 3.)
T. TAKAGI,
Manager.
Hongkong, 7th May, 1926,
THE BANK OF CANTON, LIMITED.
Head Office-Hongkong.
· ESTABLINTI RO 1054.
-Authorfmed Capital.
Paid Up Capital ..........
Bilter Carts Fundaci BRANCHES -
Cà fon, Shanghai
£1,200,000
$700,00
Kankow, Swałow, "Bazykok, New York pad Man Francisco. Dorrespondente in all Principsi olies of the
World.
LONDON DANKERS —
The Likya's Bank bluited. Every description; of banking] baxdines transclod
Baie Doporis Jazes in various alpot sa balat from: $5.00 to $10.00; yonely, lik
LOOK POON, SHAN,"
(Chief, Manager, Hongkong. Hat April, 1886.