HONG KONG AND SHANGHAI BANKING CORPORATION.
THE CHINA MAIL
Autherland Capitalaangen op de $60,000,000 Issuedi and Pully. Palilinp:/
$90,000, CHEN
THE BANK OF EAST ASIA, ETD.
HEAD OFFICE. HONGKONG.. 10, De Voux Road Central, Hongkong Authorised Capital ¦
BRANCHES AND AGENCIES
Malene Hon. Franclado
COMMERCE AND FINANCE
Besarte Fanla
dierling
& BOR, WO $7,000,300
Hitrer...AL
Herre Liability of Prupplstors --$20,000,00
יו
HEAD OFFICE, HONGKONG:
JOURT OF DIRECTOR-
Hon. Mr. D. G. M. Hernani, Charmi
W. It, Hell; Req.
en, Mr. A. D, Lang,
ply Chain,
A. B. Capten,,Kwq..
W. L. Piltensen, Haq,
AMUY
HANUKOR HATAYTA
MOMAY
CALLUTTA
CANTON,
'COLAMBO
DAILES
FOODHOW!!
HAEPHONG
J. A: Pl
*T. CJ, Wouli, Raq
H.. White, Esq..
· 31, Young, Xat.
Sidel Mannger,
H. Harp, NES BEANCHES-
LONDON
MALAUCA
MANILA
1$10,000,000
Paid-Up Capital
Reserve Fund
5,000,000 1.200,000
Batavia
Bombay.
Nagsaki
Rentile
HONG KONG BANK.
Calcutta
New York Remarang
Canton
Bakм
Shanghal
Haiphong
PATIN
Mogspore
Honolulu
Peking
Bourabaya
Penang.
Taipeh
"REPORT & ACCOUNTS FOR LAST YEAR
Kowloon Rangoon
Tientsin
Lomion
Tokyo.
Khe
Manila
Batyon
Correspondents cities of the world
In all principal
Every description of Banking and Exchange businesss transacted. Lean granted on approved securities.
SAFE DEPOSIT BOXEE to let
KAN TONG: PO,
Chief Manager.
Hongkong 22nd May, 1026.
MOUKDEN
YARAJAKI
!
NEW YORK
行娠商工法中
PERINT
PENAMU
RANHUON
SAIGON
BAN FRANCISCO
BUANGHALO.
BANQUE FRANCO-CHINCISE
pour le
Commerce et. L'Industrie
(lacorporated in France).
1,
HAMBUR LANKOW
EARRIN
SINGAPORE
HONOKKW
#
SCHUILAHAYA"
IDILO
13011
BUNGKI PATANI TIENTSIN
TANOZAU
YOKURAMA
5. Chater Road, Victoria. Rongkop
HEAD OFFICE: 74, Exo SL Lazera, Parta
Deplial
JUNOSE
HUNK
KUALA
KUMPORE
Current Account opened to Local Darrenaj, And: Hizb Deposite incelend: kr one gone vi BLANCA SUFFEng chor)Lig
aborter periodu 17:34
antern wiśnh, with
Hongging,.bin fateber, '1
HONGKONG SAVINGS BANK.
The Busta of the aiuren Baik be puni Ducted by the UNGKONG AND ANUAL BANKING CORPURITION. tube any he obtains l'un applisation,
FOR THE HONGKONG & SKANUBA, BANKING CORPORATION.
Bungkung27th May, IDEA
A. E. Barlow.
. Fre 20.000.000,---
Amorras ..
„1m 1 1: 180.000 Special Working Capital F 50.000.000, ---
BRANGERS:
Marcelles Lyona Haiphong Hanoi
Paris
Saigon
Peking
Canton
Shangbai Tientsin Hongkong
한
Chip Mungur
BANQUE DE L'INDO-CHINE...
HEAD OFFICE:
BANKERS:
FRANCE:-Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays Bas.. LONDON:-Midland Bank Ltd. NEW YORK:—Irving Bank Columbia
Trust Co.
PROFITS, ETC. IN 1928.
At the annual meeting of the Hong Kong & Shanghai Banking Corporation (in the City Hall) on Feb. 26, the 111th report of the directors will be presented as. follows for the year ended Dec. 81. 1926:-
COTTON TRADE
WEDNESDAY, FEBRUARY
FIRST IN A DECADE G Southern Railway (Ire
three double-articulated scadues" for: "the Great Indian Peninsula Railway, and our coaches for the Cuylon Gover ment rallwayne
·GOLD: SHIPMENT FROM HOLLAND
New York, Feb. 8. The American Exchange Irving | Trust Company has completsd ar rangements for the shipment of $400,000 worth of gold bars from Holland, the first shipment of gold WHAT AS NEEDED AND HOW from Holland hither for ten years.
TO DO IT.
-Reuter's American Service..
VIEWS OF MR. J. M. KEYNES.
Mr. J. M. Keynes's second article in the "Nation and Athanaeum" on the needs of the cotton trade and how they can be mot possesses qualities which it would be difficulti to overrate, states the "Manchester
The problem is
Guardian."
COLONIAL RAILWAYS.
Blg. Orders For English Firms.
"Modern Transport" announces
תם
The war between British and for- eign rubber tyre manufacturers has reached a critical stage with the announcement of a reduction of 20 per cant. in the prices by a number of British companies.
An appoul by Messrs. Tate and Lyle Lidy sugar,refners, who con tended that the L.NE, and L.M.S Railways were not entitled to raise "certain exceptional rates without first obtaining the sanction of the Rallway Tribunal, was dismissed by the House of Lords. Although the amount immediately involved was only 188. Ed., the Lord Chancellor stated that the case was a test case,
a large number of rates. the decision of which would affect
1927.
HONGKONG TIDE
The tide table" given below bas been obtained by aid of the vide pradicting Machine, which in raludes 40 componunta for the butter predlation of tides, from the re sult af, the analysis of the, tida) observations, taken at the Kaulan tidal observatory under the direc tion of Dr. Doberck during the years 1887, 1888, and 1589.
"The times and heights: are given. fon Kanlungi, but they may be needi for the Visto Navab yard and Aberdeen, the differences being very small..
The times of high-and low-wate mat not be considered to colnelda with the times of slack-water and
current.. change of
the phenomena being quite nek
February 4 to, 10, 1927.
DATE: HIGH- WATER | LOWNA, WATER.
Standard Standard Tab.
BL Time
Times
오 the Fri
# 374.8'⠀ mu
10 87.9
8 7 0:3 4139.6
247 m2 D 11 þ08:
Am 4.8 6 38,0
0446m.":
that the Crown Agents for the Colonies have recently placed with The net profits for the year, In-tough one, and the fact that other Messrs. Beyer, Peacock, and Co cluding $3,397,722.76, balance depression periods in the past have Ltd., of the Gorton Foundry Man- brought forward from last account. vanished almost as quickly as they chester, a contract for thres "Gar-
A resolution adopted by the ad- after paying all charges, deducting came has encouraged a feeling that ratt patent articulated locomo Interest paid and due, and making this one would go in the same way tives, each weighing approximate ministrative committee provision for bad and doubtful ac-If the old system of short time werely 150 tons, for servico the National Union of Manufacturers counts and contingencies, amount adhered to long enough and strictly Mauritius Government Rallways calls upon the Government to pro- Bat to $17,555,790,24; -
enough. Each depression, how- It is further stated that the Son-vide for any deficiencies on existing The directors have transferred over, has had characteristics of its tinel Wagon Works Ltd., of Shrews- taxation: both by drastic reductions Jun. $14,400,000 at 29./1d.£1,500,000 ows, and it looks as if this one has bury, have received orders for in expenditure and by imposing Mon from the Silver Reserve to the had greater elements of permanence their "Sentinel" locomotives for duties on imported manufactured
the Great Southern Railways. (Ire-goods. Any attempt to impose ads 8m 1 818 m. A 11 Sterling Reserve and the balance than any of its predecessors. of the Marine Insurance Account,
Mr. Keynes, agreeing that abnor-land, the Orki division, PW.D. Faitional financial burdens on Bri mally cheap cotton may bring about India; and for the Upper Chenshtish manufacturers; it urged Wed. $250,000 to the Silver Reserys.
They recommend the transfer of a temporary revival, says that in Canal Irrigation Works, India. must act as an effectual bar to $660,000 from the Profit and Loss the end this will probably increase The same firm have also received their efforts to restore prosperity Thio
That is a point orders for two coaches for the to their industries. the difficulties. which does not appear to have The Reserve Funds.
|struck previous investigators, but Including these transfers the Re-If they are forced to realise that it serve Funds will stands as follow:-is true they will see how important
Sterling Reserve £8,000,000, immediate action is.
Account to the Silver Reserve.
Silver Roserva: $13,500,000 They also recommend writing off Bank Premises Account the sum of $1,000,000.
When Cotton is Dear Again.
That
is
11
1 bla..
8.657 6/31 20 0 m. 3, 19] [50] m a 60 3.5 2. Yes. 10:27 2.7
448 4.5m 9.87 1.3.
* SP■- ́A.Bili
HONG KONG MARKET PRODUCE.
Let us look a little more closely; into this vital matter. Cotton will only ba cheap as long as America After making these transfers, is unable to make it otherwise, and deducting the interim dividend of she will do everything she can to 29 per share, paid on August 9 last got back to higher values quickly, viz:—£480,000 at 2/2%=34,286,- The intention of the Government 511.63, and remuneration to diree-and-the banks is that the area Beef Sirloin tors, there remains for appropria- | under cotton shall be reduced next tion $11.589.278161, out of which the year by about one-third directors recommend the payment would bring the crop down to, say, 96, Boulevard, Haussman, Paris.
of a Bnal dividend of three pounds 12,000,000 bales, on the assumption Every description of Banking and sterling per share, viz., £489,000, that weather and weevil conditions Subscribed. Capital.. Fra. 72,000,000.00
bonus of two pounds will be no worse than they have Paid-up Capital. Frs. 65,400.000.00 Bxchange Business Transacted Corrend
sterling per share, viz., 2320,000, been this year. But the assumption Frs. 50,667,283.84pondente throughout the world, BRANCHES.
amounting in all to 2800,000 which, gdes too far and if the conditions at 1/11, the rate of the day, will are not good the crop may fall to In absorb $8,170,212:77,"
8,000,000 or 10,000,000 bales. The balance $8,399,085.84 to be that event even the carry-over from earried to new Profit and Loss Ac-the present crop would not make count.
Reserve Fund
Bangkok
Thi Bonglong:
Pondicherry
al
hanghai
Hingnjore
Tienstain
Barabang
Jon
Douth For-Bayard
Haiphony
Bankow
Sun
Noam
Hapoele
^ voilas
Lourd
Prom-Foah Yuna..ju BANKERS:
11
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyannais; Banque de. Paris et des Pays-Bas; Credit Industrial et Commercial; Sociata Generala.
A. BOLLIN,
Manager. -1 Hongkong, fat. December; 1925.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1858. HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund
IN LONDON: The National Pro-Reserve Liability of Proprie- Fincial & Union Bank of England, Ltd.; Comptoir
d'Escompte National Paris; Credit Lyonnais.
$8,000,000 4,000,000
£8,000,
tors....
de
Agencies and Branches.
ALOR STAIL
MAPIAS
IN NEW YORK. J. P. Morgen & Co.; French American: Banking Corpora don, Quaranty Trust Co. of New York.
Interest allowed on Current Accounts and Fixed Deposits according to arrangement.
Every description of Banking, and Exchange Business transacted.
A. LECOT,
Manager. Bonghong, 11th December, 1925.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
(NETHERLANDS TRADING SOCIETY.)
Established 1824. Hongkong Branch Established 1905.
Anthored (apital G 180,000 (09 212 500,000- Paid-up Capital..
6,55-57 Korve Fund .....G. 2. 20£ 150,378 pecial Reserve ... 2, 60-£. 883,90 HEAD OFFICE:-Amsterdam, CASTERN HEAD OFFICE:-Batavia. BRANCHES- Bansi Bandy- Bumbay
Cheribon Nosits
Doddak The Hague
akara داري
Kata-Kadja
alang
Penang
Parembang
Poulin Skog
Ballerina Soorabala
Angapore
egat
Tatja
1jouter Kube Moda Powǝngua
Rangoon
Siba-gumours)
Sorakariniol].] Weltevreden
LONDON BANKERS:→ National Provincial Bank, Ltd.. Correspondents all over the world. BANKING BUSINESS OF EVERY
DESCRIPTION.
0. STEENSTRA,
Manager.
Hong Kong, 80th December, 1925.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1889. ·
Capital (fully paid-up) Ten" 100,000,000 Eeserve fund ...... Yen" 89,500,000
Head Office:-YOKOHAMA.
Branches and Agencies sti
Alexandria. Batavia. Bombay. :
A
Buenos Ayres::
Calcutta.
Canton
Changekua
Newchwang
New York. Osaka,
Peking,
Rangoon Ble
de Janeiro.. Saigon..
Dairan (Dalny). Fengtian (Mulden). Seattle.
San Francisco.
Hamburg.
Tankow
Harbin
Hon Lon
Kal Toen Laznobi, Lobe. London:
Semarang
Shirionovit. Hingapore Boarabaya.
mtain,
(Malay tatan) AMRITSAR HANDKUR JATAVIA BOMBAY BALOITTA DANTON CAWNPORE CRMV
CULUM RO DELIL
HAIPHONG HAMBUR HANKOW HONGKONG ᎪᎪᎯᏗᎪᎯ .
KARACHI
KIANU
Kuuk
12
KUALA LUMPER KUCHING
MANILA MEDAR NEW YORK PKKING PRNASU PRBHAWAZ PUKET BANGDON BAIGION. SEMARANG MKRKMBAN BHANGWAY BINGAPORE BUCRABAYA TAIPING
(F.M.8.) TAVOY TUNTEIN..
TUKTO
TSINGTAO YOKOHAMA » ZAMBOANGA
. (Pilippina Wiranda) Foreign Exchange and General Bank Ing business transacted.
Current Accounts opened and: Fized Deposits received for 1 year or shorter periods at rates which will be quoted on application.
A. H. FERGUSON, Manager. Hongkong, 1st August, 1926.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
Incorporated by Special Imperfül Charter, 1899,
Capital Subscribed ..Yen 45,000,000 .Ten 39,875,000 Capital (Paid-up)
ཆ*ir, ༦, HEAD OFFICE:-Talpab, Formoen. BRANCHES:
Kobe,
JAPAN:-Tokyo, Yokohama,
Onakin. FORMOSA! Gtran. Kagi, Karenko, Keelung, Makong, Nanto, Shin- Taichu, Tainan, Takao, thiku, Tamani, Toen, Heito, Taito. CHINA:Shanghai, Hankow, Amoy, Foochow, Swatow, Canton, OTHERS: Hongkong, Singapore, Sourabaya, Semarang, Batavia, Bombay, London, New York, Calcutta.
LONDON BANKERS: London County Westminster and. Parr's Bank.
Tar Bank her: Domwapondasia'is Jhe_Commerota Centres in the Ruropean Coupe, Rumin, Man ahuria, Taingian, Japan, Indo-Chins, sim, Indie,
Java,
Д
The sterling equivalents of the assets and liabilities are shown at 1/112, the rate ruling on the last day of the year.
Directors: The Hon. Mr. D. G. M. Bernard has been re-elect- ed chairman for the year 1927, and Mr. A. H. Compton has been elected deputy chairman.
These appointments require con- Armation at this meeting
The Hon. Mr. A. O. Lang, W. H. Bell and Mr. H. P. White retire in rotation, but being eligible for re-election, offer themselves accordingly.
The directors very much regret to have to record the death last May, of their colleague Mr. P. H. Holyoak.
the available supply more than equal to the world's needs, and" an- other small crop in 1928 would mean a scarcity which would be reflected in high prices. And if the manufacturing trade cannot make ends meet now it would not be able to do so then under the same conditions.
"Prime Cut
Corned Roast
Breast
17
Soop
Steak
}
APPROXIMATE RETAIL PRICES.
Butcher Meat.
Steak. Sirloin Sausages
Bullock's Brains.
牛肉
Ib
H
Jan. 97. June, June,
1927. 1818. 1814,
Chicken:
Cts. Cl. Clu
en 24 12
27 23. 12
32 23 12:
27 24 22.
Capons, Small
:
Eggs, Hon (fresh)
Fowls, Canton
Fowla, Hainan
Gessa
Poultry.
Jan. 27, June, June).
(1
1927 1918 1914.
∙Ctac Cts. Cl
each
*par dos, 80
新蛋
** 18.
៖ នគឺ ឌឌ អឌ ដាំដុះ | វ៉ ] } }.
60 30 31
55
*
30:
60 23.30
40
21
21
18
35
20
70.
24
潮
50
24.
12
45.
24
Pigeons. Canton
白鏡
sach. 65.
-
Holhow
ав
*
-$1.20
Turkeys, Cock
Ib.
65
22 13
14
H
60
34 20 18.
Snipe
Rach pair $2.00
·each 30
Capons; Largs
Duck
24 20 18
Dover
24 20 18
Eggs, Hen (cooking)..
27
32
48,
30: 85
40
23 20.
per set, 15.
12
Tongue, fresh. Tongue, corned
'80
50-
Fead'
H
Heart
#
"
Hump, Salt
Feat
Kidneya
Tall
Liver
Tripo
Pig's Chitlings
Brains Feet
17
Do we lay too much emphasis on Calves' Head & Teet. the possibility of two successive Mutton Chop small cross / For answer, ask the 1 Leg Mr.growers, who have produced at: enormous amount of cotton "this.
i), year, and are selling it at unre- munerative prices. Is it to be sup- posed that they will go on doing this, turning deaf ears to those who advocate a drastic reduction in their output?. As regards the weather and the weevil, it will be admitted that they are incalculable. A long series of good years, how- ever, is unheard of in the American Fork Chop cotton bell, and no prudent person would plan, his work. on the assump- on that they are more probable in the future than they have been In the past,
Auditora: The accounte have been audited by Mr. C. Bernard Brown, A.C.A. and Mr. John Fleming, C.A., who offer themselves for re-election.
In the accounts the total assets amount to $788,862,20207 (equiva- lent to £77,242,768 3:0).
Yarn Association's Scheme. The only reorganization scheme
or scheme of any kind, which the
[
Fry
Read
Heart
18
"
Kidneya
'Liver.
ון
$1.20
885
sach 30. 10 12:
บ
15 18.
12:
и 26
.20 22
ib. 22 19 14
8 6 7
set $1.20 $1.00 $1.00
56
Turkeys, Hen
Pheasant
Quail Partridges
Almonda
Ib.
53 26
28:
"
Shoulder Saddle
52
24.
56
40
Per set -8
15 16.
20
15 18
20
20-
each 18
10
10
19
10 Bi
48
20
24
86
25. 29.
35
40 ·60 70
Peannts
28 21
ipar set:90
60
70
each 14.
8
7
15. 121
10
Leg Loin
K
Fat or Larde
Shoop's Head & Fest..
#
Heart..
» Kidneys..
Liver
THE MERCANTILE BANK OF trade now has before it is that of Sucking Pigs, to order,
INDIA, LTD.
HEAD OFFTOK:
16, Gracechurch Street, London, E, C, L.
Authorised Capital
Subscribed Capital Paid-up Capital .......
.£8,000,000
1,800.000 1,050,000 Reserve Fund........ 1,350,000
MANSTEN:
The Bank of England Midland Bank. Lit... BANCUR:
Kui tampar
the American Yarn Association, Busty Beef: and that is not yet sufficiently sup
ported to bring it into action. Mr. Veal Keynes truly says, however, that
མི ཇི མ འཪྵཱ ཞེར བནྟིཾ བg་
***
BERNEREBEBER****FORTE
Apples (California).
Bananas (bride's)
Carambola
Cocoanuts
Lemons, China
Lemons (America). "Licheas, Dried
Oranges (Canton). Oranges
Pears (Canton)
Persimmons, Large
Pumelo, Slam
Plantain
Walnuts
BB 26 25
20 28. 22
80 20 18
28 26
Grapes
55
38 20
19
40
20
82
Mutton
跟
Sausages
No. 1...
Fish.
lb. 18
if the Association fails no one will have the heart to begin anything. else, and that only the cruel process! of losses and bankruptcy will re
Is that Barbel main to look forward to. sufficiently realised by those who Brean are simply leaving things to take
Canton Fresh- Hatayin Mongkong Kuantan Pahang) Kal their course? We doubt it. "It. has. Bombay How
Madina New York Calovita Kandy
Hingapore been repeatedly pointed out that if Water Fish, Tunang Colombe Karachil
spinning companies become bank Carp Dein! Kuta Bbara Fort Loule (Maurillus)
rupt there will be no resulting im Catfish HONGKONG BRANCH. Brorssription of anking and Krohange bus.provement in the situation, but Codfish.
Bangkok Galin
Dora Lenaweeted
Bangoot
Im
More baya
INTEREST Allowed on Current Actomía at 2 per vent. per annum on Daily Skinnse and on Wird Depoxite al rnton that may be certained on application,
J.L. O, HANDEN
7, Queen's Bend Central, Hongkong, June 201
Managır.
THE BANK OF CHINA.
行
Intervet allowed: on Current Account, and Fed (pecially Authorised by Presidential
Mandate of the Republic of China on the 2nd of November, 1017); Authorised Capital”,000 $60,000,000.00 Paid-up Capital Av292117 115.278,500.00 Reserve Fund
$9,829,425.24
Datae watch will be graves un applies-
T TAKAGI,
Manager:
HONGKONG BRANCH:
8, Den Voeux Road Central Hongkong, 7th May, 1926.
THE BANK OF CANTON, LIMITED.
dead Office-Hongkong,
ESTABLIMITED (12/
Acthold Depitud,
Faki Up Capita).
1BHANG)
"Urxkow;
Corrwebondent
HEAD OFFICE: PEKING.
HỘNGKONG BRANCE:- “¡4. Queen's Reed Central Branches and Sub-branches all over China and Correspondents in Europe, "Am sirfea, and other parts of the | London Banteral The Nation
`cial and Union Bank: Tise, Gusekaty, Tri
Sons)
da,
rather the raverse, for the mills Crabs, will be reopened by new owners on Cattle Fish a lower capitaliastion, and their ab salesman will be able to sell. at Daco prices which are impossible to them.
Dog Fish
now.
N
The Yarn Association proposes to Eala, Conger
Fresh Water Ax minimum prices and to fix quotas
Yellow of production for the different sections. Mr. Keynes suggents Frogs CA that the quotas ahould be transfer Garoupa able, with a view to concentration | Gudgeon of production and that production | Herrings: in excess of the quots should be Halibut permitted on the payment of a Labra modest fine. In principle that is
Loach not unlike the Control Board plan Lob of imposing levias, upon those who ware permitted to work more hours per week than others. There will Mor be objection to it, no doubt, but it seems to be the only way of secur Jng a maximum production at re- munerative prices, and no other object than that is compatible with the welfare of the industry, If the p Association starts work, however, it will be necessary to make sung that it can control the situation will not be singito.
建肚!
18
Long
Red
19
Fruits.
45
$5.
24
12
Beach
14
10
10:
lb.
127
Q
each
8
荔枝干 6
25
80
15
10 12
8
ench '15
12.
18
LIME ME MENS B+E HERZEH
新會甜性。
全掾燦金游新糖沙花紅大運合客
Vegetables,
19. . 24:
14. 20
18 18 18
24 20 25
40 28 23
Artichokes
Beans, Sprout
Beet: Root,
Bitter Squash
Brinjals, Green,
Cabbage, Chinese u.
(Shanghai)
Cane Shoota, bunch”......
Cauliflower (Large)
(Medium)
無鮮
2016
27
82 12
18 16
2
70 28 18.
14
10
9
(Small)
12 10
8
Carrota
28
16
Celery, Chinese
18:
10 18
Chillies, Dried
28 80
Red
32 25
Green
80
18. 18
Curry Stuff, Englis
Cucumbers
Garlic
Ginger, Young
Horseradish, Sha
149
„Mäter Che
Mushrooms,
Shanghai
殿
esch
JOGA CAB584521.8 S