HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorino Caplint,

Inquifinn Pally Prodiny.

Bavarra Kenil

Stertiax. REKI Hilva

150,000,000 153,000,0

Remy of Proprinters, Kapoo

HEAD OFFICE: HONGKÖNA.

JOURT OF FIRECTORS

Hon. Mr. 13. 8. M. Buranel, - Chattan

Theat. Mr. K. A, Tan, Depney Emma.

MW, B. Mali, Hey,

.

A. U. Coapte, arqu

W. L.Palemlen, Ka

AMON

BANGMUR

NATAVA

HALCUTTA CANDON

COMBO HAIRY

rochow

NATION

$1AMBITE

HANKOW

HARAN

10 KW

Matho

·POTT

JOOXR

KCHK

REALA

BUMPER

A

J: A. Planter

10, 43. Weald, Kwi 1. 1. WHE. Kal,

M. Young, Hamil.

Stent Marker,

17 Harlow, Raq BRANCHEA: --

4.

LONDON LYONN

MALACCA MANILA MODIDEN,

NAUJANAKI

NKY YORK PERINI PENANG RANDOMBIN SAINON, SAN FRANCISCO, -BITANGHAL

KINGAPORE, NOURABAY! SONG PAGANE TRENTIN

TOKYO

TRENUTÃO VOCOMAMA

Curran Arvonta uma fu. Tad Current%). sadil Doll, tretira for me your APP shorter porta Loon Curready t on LT will fa quodaddies |||||||Pangea

Hupgkong 16! 5. Útakuuut, 1991,

"

HONGKONG SAVINGS BANK.

COMMERCE AND FINANCE,

MOTORING WORLD.

NEWLY DESIGNED LIGHT CARS.

O KIDE O

THE CHINA MAIL.

that the piston never drops below the bottom edge of the cylinder walls.

HEAVY SUPPLY.

COTTON REPORTS FROM

AMERICA.

DEMAND MUCH EASIER.

The Bureau of Agriculturak Bconomies, Washington, estimatos a carryover of 9,000,000 bales at tho

THURSDAY, DECEMBER 23, 1926.

·THE BANK OF CHINA. 行銀國中

THE BANK. OF EAST ASIA, LTD.

Mandate of the Republic of China. on the 22nd of November, 1917).

Paid-up Capital Authorland Capite!" Roserve Fund

HEAD OFFICE: HONGKONG..

Authorised Capital

$10,000,000; Paid-Up Cmpltať ..." 8,000,000"

1,200,000

$60,000,000.00 Reserve Fund

$18,278,600.00 $9,629,425.24

HEAD OFFICE: PEKING.

BRANCHES AND, A GENCIES:— Batavia

Molinarne en Franelses

Bombay Nig

Bonita

Caloutta

New Yorku. Sémering

Cinton

Danka

Shanghai

Salphong

Paris

Binginre

Honolul

Peking

"

Kobe

Penang

Kartoon

Rangoon

Taipeh Ploutrin

Loation

Saigon

Tokyo

Manila

Skumbayn

end of this cotton year, which looks(Specially Authorised by Presidential 10, Des Voeux Road Central, Hongkong. about right allowing for an increase .of approximately 1,000,000 In con- sumption, but it does not add mach The following market cablo has to the flame of buish, speculation. The trade having about conceded received by the Shanghal been aget for Messrs. Anderson, Clay that we have around 18 millions to ion and Fleming, New York, giving contend with, there is not the usual Elements of design include a a review of the week in the Amerk Interest shown In Text Monday's crankshaft as large in diameter can cotton market for the period Bureau. It will probably be a little

the rise of 18 millions. as that used by one of the most ended December 16:

"Continued Hmited' hedging. powerful multi-cylinder cars on the markot, a camshaft of equal moderate trade calling with stub.

and an oiling and berness, considering market face! dimensions.

Easy cooling system which is the dupli-ing admittedly heavy supply, and cate of that used on the finest inducing short covering.

demand, good grade, better staple built cars,

National Bank. Of course on a car that acceler and for very low grade. Enquiry ates as rapidly as does the Whip-medium low grades, slow general and other announcements are ex-pet, that has sustained speed tone, somewhat easier." pected to follow.

ADVENT OF THE WHIPPET.

Following the announcement of a newly designed light car, the Whippet. made a few weeks ago by Willys-Overland, Inc., another large manufacturer has presented a remodelled type of four-cylinder motor tar in the light car field,

It is stated in motor car trade circles that the Whippet type of light motor car is the forerunner of a general trend in this 'diret- tion by a number of manufac- turers. To produce a completely re-designed motor car, however, is a matter to be reckoned in years and months rather than in

weeks.

In the meantime, the usual dia- cussions regarding a product so revolutionary as the Whippet in its field may be expected.

Reports from Willys-Overland

Cotton Letter.

The following weekly cotton let

capacity found in the Whippet, four-wheel brakes are an absolate necessity. It is just as essential that the owner of a light car bender dute: November 19, ha

und Fleming. New York: able to stop quickly as it is for fray forward of Anderson Clay The story of this market is the the driver of a larger car.

bonnes of the South in the

Willys-Overland offers in the

free of the known over-supply. Whippet entirely new features of

Japan "continues a thin, bayer and economy and efficiency, and has adapted these features to the remerchants are finding some trouble quirements of durability and per-

formance.

Alling old commitments especial- ly in, middling and above of inch and above staple Western cotton, but Europe and domestic spinners appear pretty well supplied for nearby wants.

Stiffening. Tendency. The various financial organisa-

נו

HOLLAND BORROWS.

Paris. Dec 22. The "Journal Officiel has pub hished a decree authorising the Minister of Finance to issue: Hol. and a loan of twenty-seven mil- lions of Dutch florins, in bonds of one thousand florins, at seven per cent., redeemable between Sept-

1926, for the requirements of the ember 1, 1927, and Match 1.

State railways, and in accordance with a contract concluded with a

group of Dutch banks on Decem- ber 17-Reuter.

HONGKONG BRANCH: 4. Quoon' Rond Central. Branches and Sub-branches all over China and Correspondants in Europe, marica? "and other parts of the worldi. Lonton Bankers-The National Provinciilos of the world...

cial and Union Bank of England, Ltd: The Guaranty Trust Company of New

York.. New York Barkers: The Irving The Equitable Trust Company of New

York

Interest allowed on Current Accounts and Fixed Deposits. Torme on applica tion.

Every description of Banking Bust- Loans granted on approved securities. Every descript

Special Incilltio for Home Exchange.

TSUYED PE".

Manager.

INDUSTRIAL BANK, LTD.

MOVEMENTS OF STEAMERS. BAD COTTON TRADE.

The tenth ordinary general meet ing of the Industrial and Commer-j The CP.S., R.M.S. "Empress of London, December 4.-The bad

clat Bank, Ltd., was held at the head Canada" arrived at Shanghai on show that over 40,000 of the state of the cotton trade has

offices, York Building yesterday Dec. 21, at 2 p.m., left Shanghai yes-" ufternoon. Whippet models are already in aggravated the fall in the price

The reports of the terday, at 1 pm, and is, duo at use and that these ears are ex-of cotton The General Strike ceeding all expectations in the and the coal stoppage is said toons developed out of the Preal Board and of the Auditors, the Hong Kong tomorrow. performance records they are be the cause of a loss of £375,000 dent's Committee are s organis Balance Sheet and the Profit and for the year ended August. 1926. lag, but we see little accomplished Less Account were passed, and establishing for owners.

It is reported by subsidiaries as yet beyond stiffening the hold-directors and auditors were elected. The Whippet is the only Night car built in the United States of the Amalgamated Cotton Mills ers backbone; meantime in so far The meeting was conducted in

Chinese." the surface the which gives a developed horse Trust." including Horrockses and as appears en

that rumours of syndicates to take on power 100 per cent. in excess of the Crewdson Company.. chip Muang ens

ts rated horsepower. It is the steps will be taken to write down lines have hot as yet material

The duty collected on rubber in only United States built light cur their capital the latter by laed, though must be admitter with the feature of construction $1,395,000, to meet the accumu-thas the trade has bought consid the month of November amount which eliminates piston slaps by lnted losses due to the deprecia-able cotton ahead and is prepareded to $901,037.75 for the FM.,

to buy more on declices.

and $166,670.67 for the S.S.. means of cylinder walls so. deep, tion of trading stocks.

The Ruli at above rat in yo luotela ONGKONG AND SMARGIAL BANKING CORPARATION, Hal yang h Plan p

FOR THE DANGKONG & MEASONA BANKING CORPORATION,

A. 17. Barlow.

"Hangkong, Bra-Mayanadh.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

90, Boulevard Haussman Paris..

Bubscribed Capital Fr. 72,000,000.00 Paid-Up Capital. Fra. 08,400,000.00 Reservo Fund: Fra. 50,387,283.54

Bangkok

Bambang

Dijkant

Fort Bayard

Halyhong...

BRANCHES

Prlicherry

Shamb

Mingabru

I

Bangkeng

Saigon "

Nopow

Papeete

iting

Mentin

Hankow Yuren Pan Yunan dia,

BANKERS:

IN FRANGE: Comptoir National d'Escompte de Paris; Credit. Lyonnais; Banque c'e Paris et des Pays-Bas; Credit Industriellet Commercial; Societe Generale.

Pro-

IN LONDON The Nations vincial Union Bank of England, Ltd.; Comptoir National d'Escompte de

*

Parts: Credit Lyonnais.

IN NEW YORK: J. P Morgan &

Co.; French American Banking Corpora-

slon: Guaranty Trust Chs of New York.

to

Interest. Allowed on Current Accounts and Fixed Deposits according arrangement.

Every description of Banking and Exchange Business transacted.

A. LECOT,

Manager.

Eongkong, 11th December, 1925

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY;)

Established 1824.

Hongkong Branch Established 1908.

Authorititulé 150,000 d00 £12,500,000- Phil-Up Cry:It.. G 80,100,0 02 8,06 67 Barvs Fund...

rcial Restros .. 59 AL AHA PRO-

HEAD OFFICE:-Amsterdam. EASTERN HEAD OFFICE-Batavia. BRANCHÉS:- Bonderman Pando g. Bombay

Curtihoss Time

Koala

Falmitta

Djekjakarla Kon-Rudin

Pedang

H

Perung

Penang Batteriaa

Snationa Trçal

Patink Mama Sopit

aji

Merion

T'eat BRID

Bamore

Bamghar Sibogi umatra)

Seppikarin (zlol)

Weltevreden

LONDON BANKERS National; Provincial' Bank, Ltd. Correspondents all over the world. " BANKING BUSINESS OF EVERY

DESCRIPTION

J. C. MAASSEN,

Acting Manager.

Hong Kong, 1st November, 1990.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established. 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve fund ... Yen 89,500,000 Hood Oks:-YOKOHAMA..

Branches and Agencies at: Aloxandrin

Newchwang. New York. Oaska. Peking Rangoon, Rio de Janeiro. Saigon.

Batavies.

Bombay.

Buenos Ayies.

Calcutta.

Chaton.

Changchun.

Dairen (Dalny).

San

Francisco.

Hamburg.

Semarang,

Shanghai

Shimonngaki

Singapore.

Fengtien (Mukden). Seattle.

Hong Kong,

denélula.

Kai Yuen,

Karachi

Kobe.

London

Los Angeles.

Lyons

Soorabaya. Bydney.

Tientsin.

Tokyo. Tainanta Tsingtau. Vladivostok.

(Temporarily.

cloend)...

kattiin. Nagasaki, Nagoya

Interest allowed on Current Account Deposita received for fixed periods at ratas to be obtained on application.

EL MORIR

- Manager:

Hong Kong, 16th December, 1926.

|

For Christmas-and ever after

New

Orthophonic

Victrola

The gift that keeps on giving

Music. After all,

what

gift can bring more genuine pleasure, day in and day out, than music? Gladstone called it "one of the most forcible instruments for training, for arousing and for governing the mind and the spirit of mán.”

The new Orthophonic Vic- trola, musical marvel of the age, furnishes the finest music, for the home. Whenever you wish. Without regard to sea- 'son or hour. Music to meet the mood of the moment. Endur- ing operas. Great symphonies. Delightful songs. Lively dance music. All played or sung by. the world's foremost artists.

Hear the Orthophonte Vic- trola play the wonderful new Victor Records, made the new. Victor, way. In no other way. can you have such music in..... your home. For this great in- strument is based upon the new, scientific principle of "matched impedance," which gives full value to every note,

depth, roundness, flawless reproduction!

S.

MOUTRIE

CREDENZA

& COMPANY,

Chater Road.

The P. & 0.8.s. "Kalyan" loft Singapore for this port yesterday, at

10 am., with the outward English malls, and is due here on Dec. 26, at about 10 am.

||

The m.. "Canton" (Swedish East Asinth Co., Ltd.) left Antwerp on December 13, 1926, and is, due here on or about January 21, 1927.

The principle is controlled ex- clusively by the Victor Talking Machine Co. T

There is no way to describe the music that lows in a golden flood from this amazing instru- ment, except to say that it duplicates the original rendi- tion without loss or deviation. As à camera brings you pie- tures, the Orthophonic Victrola "brings, you music that is a per-

fect likeness of the original.

The beauty of the Vietor cabinets matches the beauty of the music itself. They are fashionéd from choicest woods by craftsmen whose lives have been devoted to fine cabinet- making.

Will there be an Orthophonic Victrola in your home this Christmas? If you see your Victor dealer at once, there will. Victor's unsurpassed pro- duction facilities have been strained to the utmost, to meet the demand for Orthophonic, Victrolas and Victor Records." So get your order in immediate- ly Time will prove this the best investment you ever made!

LIMITED.

Correspondents in

* principal

Every description of Banking and Exchange business transacted. Loans ( granted on approved securities.

SAFE DEPOSIT BOXES to let

KAN TONG PO,

Chief Manager.

Hongkong, 22nd May, 1023.

行 銀商工法中

.. BANQUE FRANCO-CHINCISE

pour le

Commerce et L'Industrie (Incorporated in Franca).

5. Chater Road, Victoria, Hongkong......

HEAD OFFICE: 74, Rue St. LasRES,

- Paria.

Ospital

.Fra 20.000.000,-- „Fra 11.150.000, more Special Working Capital... Fra 50.0×0,000 ---

Barras

+

BRANCHES:

Parla

Lyona

Salgon

Poking

Canton

Marreilles Haiphong Hanoi

Shanghal

Hongkong

BANKERS:

Tontain

FRANCE.-Societe Generale, Banque Nationals de Credit, Banque de Paris et dé Pays Bas LONDON-Midland Bank Ltd. - NEW YORK-Irving Bank Columbia

Trust Co..

Evary description of Banking and Exchange Business Transacted. Corre spondents throughout the world. A. ROLLIN,

Manager. Hongkong, 1st December, 1925.

"THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Chator, 1858. HEAD OFFICE: LONDON. Paid-up Capital

£3,000,000

Reserve Fund

£4,000,000

Reserve Liability of Proprie

tors ......

£300,000

Agencies and Branches.

ALOR STAR

(Date)

AKRIBAN

BANGKOK

MADRAS

BATAYLA

BUNDAY

CALGUTTA UANTON CAWN PORK

COLOMBO

MANILA

MRDAN NEW YORK PRKINO PANANH PHALAWAR PUKET BANGGON-

SAHION SEMARANG SEREMBAN

DELUT

HAIPHONG

RAMBURIZ

HANKOW

HONGKONG

ILOILU

IPOU

KARAULI

KLANG

KOEN

KUALA LUMPUR

BEANGHAL

SINGAPORK

BOUBABAYA

TAIPING

(F.ME.) TAVOY

TIKS 18IN TOKYO TRINOTAU YOKOHAMA ZAMHOANGA

(Philippine Islanday" Foreign Exchange and General Bank-

KUCHING

Ing business transacted.

Current Accounts opened and Fixed Deposits received for 1 year or shorter periods at rates which will be quoted... ¡on application

'A., H. FERGUSON, Mannger. Hongkong, 1st August, 1938.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.) ».

Incorporated by Special Imperial Charter, 1899.

Capital Subscribed Capital (Paid-up)

,Yen 46,000,000 Yen 89,875,000

HEAD OFFICE:-Taipeh,. Formosa.

BRANCHES:

JAPAN-Tokyo: Yokohams, Kobe,

Daaka. FORMOSA: Giran, Kag Karenko, Keelung, Makong, Nanto, Shin- chiku, Taichu, Tainan, Takao, Tamaut. Toen, Heito, Taito.

CHINA Shanghai. Hankow, Amoy, Foochor, Swatow, Canton. OTHERS:

Hongkong, Singapore, Seerabaya, Semarang, Batavia, Bombay, London, New York, Calcatta.

LONDON BANKERS;

London County, Westminster and Parr's Bank,

Q

The Bryan Cerimpondents in Oncia?- Centres in the European: Upatinent, Rasals)_Man Courtes Tamino, Japní, Todes, im, Todla, Philippine Tranby Jean, Afrinn,

interest nutowod yn Current Accounts, and Mized Depovi AL TREse which will be grown on appa

TTAKAGI

Loa

HONGHONG BRANCH;

Manager.

3. Dos Vox Road Central, Hongkong, 7th May, 1926.

THE BANK OF CANTON," LIMITED.

Mead Office Hongkong.

ESTABLISHED LE

Authorised Capital,

Paid Up. Ospílal”.

Bitrar Reserva Yand

BLANCHES S

€1,900,000

200,000

CA ion, anglika; Hankom, Bwałow. Bangkok, Kew York and dan Francisco,

· Cogroupondenta in all Principal pīties of, timŃ- World

LONDON. HANKERB

Baran Bay Bank Ltd.

|| 5. Brapy: descriplion pity leakingi, broadusan

Mala Deposit Bosan E. vaktowania ko]ken] Jatr from), #5.00:14 9810,00; 7 MKUTYA

LOOK POON BEAN,

Kangkang, Est April 1996.

CBSE Manag9)..

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