0
HONG KONG AND SHANGHAI BANKING CORPORATION,
Authorized' Ospitate,... #80006,200- Jarned and Fully Patasuper. 320,000,00 Besare Fundle ---
Berting
600R ...27.100.00
Heserys Limbdiity of Prepristom
HEAD OFFICE, NOWAKONU.
THE BANK OF EAST ASIA, LTD. •
HEAD OFFICE: HONGKONG,
10, De Vaux Road Central, Hongkong..
THE CHINA MAIL.
COMMERCE AND FINANCE.
Authorised Capital!
$10,000,000
Paid-Up Capital
5,000,000
Roserre Fund
1,200,000
BRANCHES AND AGENCIES:
$30,000.000
h
Batavia
Melbourne Ben' Franclik o
Bombay
Nognak! Beatle 1
BAD WORK.
Caloutta
New York
Semerang
Canton
Owaln
Shanghai
Haiphong
Paris
Singapore
Honolulu
Poking
Bourabaya
Kabe
Penons
Thipsh
Kowloon
Lomion
Rangoon Saigon
Housin
токто
%
JOURT OF DIRECTORS:-
lion. Mr. 1. G. Meranti,..
Chairman.
11. Br. A. G. Læsj, Dopaly Chairman,
W. 11. Hell, KAQ.
J. A.
à, li. Compton, Kaz
W, I, Paldenden, Eq.
AKUY
IDT ~
9, 0, Waxil, Xia, TWO, K.
M."YouDE, Karą,
blof ManagD!
A. . Barlow, dug
BANGRUR.
BATAVIA
BOMBAY
CALCUTTA
CANTON
BRYOO
*COLOMAD
-BRANONS:-
LONDON
LIONH
MALACCA
MANILA
MOUKDEN
PENANIE
Manila
Correspondente uities of the world.
a principal Every description of Banking and Exchange businoses transacted. Loans granted on approved securities.
SAFE DEPOSIT BOXES to let
KAN TONG: PO,
Chief Manager.
Hongkong,. 22nd May, 1925.
ХАНАВАКО
NEW YORK
PERING
4
行银商工法中
DAIHEN. YOOCHOW
KANGOON
HALPBONG
SAMON
BAMBURG
SAN FRANCISCO
BANKOW
SHANGHAT
HABHIN
SINGAPORE
SOURABAYA
HONGKKW
ILOILO
1POU
JUNORE
кови
KUALA
LUMPU
BUNGEI PATANI
TIENTUIN
TOKYO
TSINGTAO
YOKOHAMA
Current Acounts opanol) is Sesand Cherones.
and Fixed Depalle spastrod for one your or sharter partilhacal Currency
on terms which will
T
quoted in appleLN GÖL KA
Rongmony, 12th Catobar, 1926,
HONGKONG SAVINGS BANK.
BANQUE FRANCO-CHINCASE pour...le
DEDUCTIONS MADE FROM WAGES.
AN UNUSUAL CASE.
It is not often that His Majesty's Judges are called upon to decide questions arising under the Truck Acts. The principle that the wages of an artificer "shall be made payable in the eurrent coin of this realm" is now
so generally recognised, that
complaints of payment in "truck
are
very beklom heard. In a recent case; however Riverside Mill Company Limited v. Hart) which was decided in the King's Bench Division on November 11, a somewhat novel point arose. A textile pieceworker was ander a duty to weave a good merchant- able cloth by performing her work carefully, and she was to HEAD OFFICE: 74, Rue St. Lazare.be paid according to a standard
Paris
Commerce et L'Industrie (Incorporated in France).
5. Chater Road, Victoria, Hongkong.
.Fr. 20,000,000,
list There was a custom that if the workmanship of aweaver was Fm.11.160.000,- bad or negligent, the employers Spenial Working Capital...F-60,060.000,- deducted fair and reasonable
Capital Egoro
Farla
BRANCHES Lyons
Thame of the clown Hank dited by the ONGKONG AND SHANGWAT
Saigon
Haiphong
BANKING CORPORATION. Halue may be oblained as application.
Peking
Shanghai
Marcsillos Hano Tientsin
FOR TON HONGKONG & HANGHA BANKING CULPORATION.
Canton
Hongkong
Hongkong, 17th Mar.108
A. H. Burlow,
Chief Abang
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussman, Paris: Subscribed Capital. Frs. 72,000,000.00 Paid-Up Capita Fra. 88,400.000.00 Reserve Fund
Fra, 50,667,288.54 BRANCHES. Hanoi.. Hongkong
Bangkok
Battambang.
JELO
Songtze
Dibouti
NuthLuk;
For-Bayard
Poole.
Haiphong
Veking
Hankow
· Pondicherry saigon blunghi Singapore ontain YOUTADU Pro-Penh Yunnand BANKERS IN FRANCE: Comptoir Nations d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; Societe Generale.
IN LONDON: The National Pre- riacial & Union Bank of England, Ltd.;. Comptoir National acompte de Pari; Credit Lyonnais..
IN NEW YORK; J. P.. Morgan & Co. French American Banking Corpora sion; Gusranty Trust Co. of New York.
Interest allowed on Current Accounts and Fixed Deposits according to
rangement: Every description of Banking and Exchange Business transarted.
A. LECOT,
Manager. Hongkong, 11th December, 1925.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
(NETHERLANDE TRADING SOCIETY.):
Establlabed-1824. Hongkong Branch Established 1906.
Authorised (apital G. 150,000 000 £12,500,000 Pald-Up Caplía?....€ 80,000,000 £ 6,661,870 Reserve Fund, PANOZ 1.709,178 Special Reserve... 22, 80,00 £ 1888,330 HEAD OFFICE-Amatordam. DASTERN HEAD OFFICE:-Batavia. BRANCHES- Tandlermain Bandoerg Bombay
Falcutta
Djedink
Djokjakarta
Kula-Badja
Padang
Choribon Djanter The Hague
GRABUT
Kobe Medan
Palembang Vocalongs
Gaming
BANKERS:
Trust Co.
Every description of Banking and Exchange Business Transacted. Corre spondents throughout the world. A. BOLLIN,
Hongkong,, 1st December, 1925.
Manager.
· UNDERWOOD, & VIOLET999.5.2.
Eugene Meyer, Chairman of the Committee recently appointed by "President Coolidge to investi- gate conditions In the cotton growing industry,
The commit.
tee was appointed after an announcement by the Department. of Agriculture that over-produc-. tion in cotton was prevailing sent the price down so far as to of many threaten "existence growers.
INDIA'S TRADE. PROSPECTS FOR THE PRESENT YEAR.
TUESDAY, FEBRUARY 15, 1927.
HONGKONG TIDE
to develop at our and; but at presstead of golden sovereigns and sent all trade is dull. I do not half sovereigns. The task had to think that the exchange con be accomplished with extreme er- The tide-table given below häs troversy is really responsible for pedition. Five million 8 and ji been obtained by aid of the Tide the prevailing, dullness, for every 10s, Treasury notes were order predicting Machine which one agrees that the Government ed. In the absence, of proper aludes 40 components for the better is both anxious and able to thain-paper ordinary postage stamp predlation of tidam; from the re tain the fa. 6d. standard. But paper was commandeered and sult of the analysis of the tidal monetary conditions are every-hastened to a printing factory, observations, taken at the Haulung where singularly easy, and in where men turned out notes day tidal observatory under the direc......... spite of an excellent monsoon and and night. In three days the first tion of Dr. Doberck during the the prospect of good crops export 5,000,000 were ready. Since that years 1887, 1888; and 1889. bills are scarce. Let us hope for achievement Mr. Stonestreet has better conditions with the turn of superintended the ragular pro the year. Personally, I cannot duction of Treasury notes.
To-day they are printed on help thinking that we are in for
The times and haights are given- for Kaulung; but they may be used for the Viste Naval yard ́and: Aberdeen, the differences beind very small
The times of high-and low-wate
current, the
a period (possibly only a short special bank note paper whose one) of increasing imports. Cer-water mark baffles the most in- tainly the present indications, genious forger: The paper is must not be considered to coinside point towards some return of con-made, at a mill in Hampshire with the times of slack-water and fidence in future prices, but one which has manufactured Bank of change of has been so often disappointed in England notepaper for two cen- phenomena. being quite stinct,
February 11 to 17, 1927. the past that one can count on turies, and every piece of water- nothing definite..
marked paper is carefully, check-
DATE HIGH Water LowEn. Warna ed and docketed. The actual notes are printed at Messrs.
Standard Standard Feb
Et Waterlow's works at Watford,
Times
Timed where production is controlled by
Qi 18:32 4.2 a special Inland Revenue staff.
Treasury notes to the value of Sat 19 m 7.56. 41m 1 11 1.8 £300,000,000 are in circulation,
£5,000,000 IN 3 DAYS.
Secret History of Treasury Money.
L
An interesting episode of the war is revealed in connection with the retirement, after 40 years service, of Mr. G. W. Stonestroet, director of stamping to the In and Revenue. On Mr. Stone, street fell the duty at the out- break of the war of providing the country with paper money in
Et
82.3
H 250
8 3863 zo 18 17 3.8.
6.8
*m 11: 21 Fat
T
I lea
ALA
48 4.2 m
10: 17 a 15.7
1 $71.0 10.3.5.
5. 120.9 303,3
each note bearing its own human. 13 m ber, which is never duplicated or Mon. 14 8 46 4.2 repeated. Soma 10,000,000 are recalled, and replaced each week. Tass 13 m 10 14 43 Mr. Stonestreet began his officia!
8 48 7:3 work as an excise officer in 1886, Wed. 18 m 10 394 m 3 47 0,8 9:27 17:31 345 m 3:1 becoming a clerk in the Inland Thur 17 m 1346m 20 Foun Revenue two years later.
104% 97:1 13. 18.618
1
HONG KONG MARKET PRODUCE.
Beat Sirloin:
» Prime Cut.
APPROXIMATE RETAIL
Butcher Meat.
Corned
Roast
1
Breast
Soup
Steak
28
tu
Steak Sirloin Sausages
2
17
Tongue, tread.. Bullock's Brains.
Tongue, corned Head'.
Jan. 27. June, June,.
1027, 1918. 1914.
Cis. Cia. Ct.
牛尾
Jb.
27 24: 12:
Chick on
牛肉
compensation for damage to their cloth. The employers in paying the piece-worker deducted on this head, and she claimed that, al though she had in fact been negligent, the deduction was un- lawful. It was conceded that the deduction of 6d represented less: FRANCE:Bociete Generale, Bangthan the actual loss caused to
Nationale de Credit Banque de
the employers. The magistrates
·Paris et des Pays Bas
held that the "standard list" was LONDON-Midland Bank, Ltd..
As I anticipated a fortnight. NEW YORK-Irving Bank Columbia the rate of wages applicable, and that there had been an illegal deduction by way of fine. On ago, the Government have been appeal to the King's Bench, their forced to sell reverse councils to a majority, held the tune of £500,000, writes the lordships, by that as there was an implied con- Calcutta correspondent of the tract that the respondent was to "Manchester Guardian I use be paid for her work according to the word "forced" advisedly. I a standard list, subject to a fair take it that if left to itself the and reasonable deduction for bad exchange market, weak as it was, work, the amount paid represent-would not have dropped bei-w, Is. THE CHARTERED BANK OF
led the entire wages due, and the 54d, but, in any case, when that INDIA, AUSTRALIA & CHINA.
deduction not being from the figure was approached, it was up Justices was wrong and must be crete evidence that it really Incorporated by Royal Chater, 1868. standard list, the judgment of the to the Government to give cons
HEAD OFFICE: LONDON, Paid-up Capital
£3,000,000 Bet aside. It will be seen that meant business. £4,000,000 the decision rests upon this: that the employers and the artificer £5,000,000
had, in effect, agreed upon a cer- at tain method of arriving the wage to be paid. In the old Blackett has himself taken the Calves? Hend & Feet., 4ĦEE case of Redgrave v. Kelly (1889), floor on more than one occasion Mutton Chop 37 W.R. 54), it had been held recently and replied in public 10 that the deduction of fines from the Indian Currency League. Hu wages for spoilt work is merely has cartainly given as good as he non-payment; but in Smith v. got, and more. The main ques Walton (L.R, 3 Q.P. 109) it was tion is what view the naw Legis- decided that if an employer relative Assembly will take, at its quires a weaver to take a piece first session in February, of the of cloth damaged by him in recommendations of the Indian weaving, in discharge of wages, Currency Cominission and the de- The pays "in goods," and is liabie cisions of the Government there-
to be fined. The decision in the on.
Reserve Fund.... Reserve Liability of Proprie.
tors....
Agencies and: Branchos.
ALOR STANL
Malny Hinton) AMRITSA BANGKOK BATAVIA BUSWAY 19 CALOUTTA CANTON CAWNPORX GENU COLUMBO DELHI HALPBONG HAMBURG
HANKOW HONGKONG 110110 IPON KARADHI
Конк
KLANG
KUALA LUMPUR '
KUCHING
"י
MADRAS MANILA MRBAN N NEW YORK PEXING PENANG PESHAWAR POKET LANGOON BARHON SEMARANG "
GREMBAN
·SANOMAT SINGAPORE NOURABAYA TAIPING IF.M.B.) TAVOY
TOKYO
THINUTAQ
YOKOHAMA ZAMBOANGA
(Philippine Islandia).
If further proof were needed that the Government mean what they say and intend to hold ex- change at is. 6d, Sir Basil
"
Log. Shoulder
#S
Saddle
23
Pig's Chitlings
י
PRICES.
Poultry.
Jan. 27. June, June, 1927-1918. 1914
Cte. Cta.. Cts."
ib.
60
80
81
65. 28 30
60: 28
60
27 28: 12: 82 23. 12:
27 24 92
Capons, Small' Capons, Large
Duck
Egge, Heit (cooking).
Eggs, Ken (fresh)
Fowls, Canton
Hothow
Turkeys, Cock Turkeys, Hen Snipe
Pheasant Quail Furtridges
Almonds
Apples (California)
Baranas (bride's)
Carambola
EE INKEA SISENESS
Fruits.
40 23 21
70 30 24
FF
sach
22 21
per doz, 30:
18
35 25.
20
lb.
#.50
35. 24
45
24
2.4
each 55
B0
15
85 28
Ib. 65.
80 51
each
pair. $2.00 Back 30
25
24 20 18
24 20. 18
27 24 22.
46 80
40
23 30
Fowls, Hainan
per set. 15-
10
12
Geçue
each 60
"80.
60
Pigeons, Canton
"
• $1.20
-$1.20
Heart.
15.
22
Hump, Salt Fest Kidney
"3
34
13
each 10.
12
15
12.
Tall
H
28. 20 22
st
Liver
lb.
22.
1:4
TA
Tripa
8.
7
*
set $1.20 $1.00 $1.00
56 ib.
路
BG
62
*
55.
55:
40
27
20
11
Brains
Per set
8
12
5
14
Feet
Ib. 16
12
#
Fry
20
18
ม
Cocoanuta
Head
20
耀
exch 14
10 1t
Lemone, China
Ib.
12:
0
"
Heart
each
13
10
Lemans (America)
"J.
Kidneys
猪
12:10
8
金樺康 each
7.
0
Lichees, Dried
2F
*Live:
## 15.
4B
80
24
荔枝干
36
80
Oranges (Canton).
38
28
̇新會甜卷
12
77
Orangas
18
15
Iveg
35
17
12
Loin
豬後
Paars (Canton)
14
40
70
*
14
""Fat or Lard
猪
26
tinental and American forms. In Sheep's Head & Foot per set. 90 this proposal, however, there is
М
21-
70
4
Heart
each 14
each 15
Kidneys
15 12.
10:
Liver
1
55
25
2 25. 22
Grapes
80
-18
#
65. 20
20
26.
19
40
20
No. 1..
32
Fish.
14.
16
18 18 181
20 " 16 24
case under review is based upon On the whole, so far as I have Foreign Exchange and General Bank Redgrave v. Kelly (supra), and been able to gather, Indian opin- ing business transacted:
Current Accounts opened and Fixed serves to emphasise the point that on is strongly in favour of a re- Deposita received for 1 year or shorter there is no objection to an em-serve bank, modelled on the Con- periods at rates which will be quoted ployer making deductions from of application.
A. H. FERGUSON, Wages for bad work."Engineer
ing."
."
Manager.
Hongkong, let August, 1926.
TAIWAN GINKO.)
The English Electric Company Ltd., of Queen's House, Kings THE BANK OF TAIWAN, LTD. way, London, who have a branch office at 3, Hale Street, Ipoh, have secured the order, for the two 6,000 K.W. steam turbo alterna tor sets to be installed in the Tea 15,000,000 steam power station of the Perak 19,875,000 River Hydro-Electric Power Co.,
Incorporated by Special Impariat Charter, 1895.
Pontianak Rungoon
Penang
Shanglesi
Capital Subscribed Capital (Paid-up).
Batterium
Sourbals Shoiga (Sumain)
Singapore Tilatjap
agal
berzkarta (solo)"READ OFFICE:--Taipeh, Formous. Welleviedin
LONDON BANKERS: National Provincial Bank, Ltd. Correspondente: all over the world. BANKING BUSINESS OF EVERY
DESCRIPTION.
O. STEENSTRA,
Manager,
Hong Kong, 30th December; 1926.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Ritablished 1880.
capital (fully paid-up) Yen 100,000,000 Reserve fund... Yen 89,500,000
Head Office:—YOKOHAMA,
Branches and Agenciem aci Alexandria.
Newchwang, Batavia.
New York:
Bombay.
Buenos Ayrai.
Calcutta,
Janton.
Jhangchun.
Dairen (Dainy).
Osaka.
Peking Rangoon.
Rio de Janeiro. Saigon.
San Francisco.
Fengtion (Mukden). Seattle.
Hamburg.
Jankow... Harbin
Kai
Kong.
"Shangha
Shimonoseld. Singapore. Soorabay
Bydney.
Tientsin. Tokyo. Tsianfa Tsingtau Vladivostok.
BRANCHES:
LONDON BANKERS:. London County Westminster and Parr's Bank,
The An Oorrespondent in the OniamercÍK Contres the Borupean Coulton, Rosie, Man shorta, Tinglab, Japan, Todo-Clunk Mizz Bodin, Philippine Islands, Java, Africa, d
Interest slowed on Carrent Apoosale, nad' Fixed
Ltd.
THE BANK OF CHINA. 行銀國中
Daponics at Talas, which will be quoted on applice (Specially Authorised by Presidential
in a
Fork Chop
11
PORREKREACE-IRBE÷BOKE¢ER#2015###KR #C
و"
this danger, that the withdrawal of Government balances from the Imperial Bank of India and their Sucking Pigs, to order. b. concentration
new and Suet, Beef
Mation separate central bank may to
Veal some extent affect public ton-
» Sanpages Adence in the "Imperial," as the merger of the old three pre- sidency banks is popularly called: If there were any real danger of this result, the formation of a Barbel central bank would be a mistake. Bream There are, however, many ways Canton Fresh in which both results can
be Water Fish. secured. The confidence of the
Carp
Coffish Crabe. Cuttle Fish
Bele, Conger
Fresh Water
"
The Bynch Steel Company, Indian public and the attraction Catfish JAPAN-Tokyo, Tokohama, Kobe, Laughor, near Swansea, have of private deposits to the Im-
Osaka. FORMOSA: Giran, Kagi, "Karenko, just completed an important deal perial Bank of India will continue Keelung, Makong, Nanto, Shis-y acquiring, by private tender, if, as is proposed, Government: chiku, Talebu, Tainan, Takso, the adjoining works of the St. balances are still left in up- Tamsul, Town, Heito, Taito." David's Tinplate Company, now country branches of that bank. Dace
Amoy,in liquidation. The tinplate Other balances may then be sufe CHINA-Shanghai, Hankow,
Foochow, Swatow Cantors. OTHERS: Hongkong, Singapore, works, which contain 11 mills, ly transferred to the new central Dog Fish
Soerabaya, Semarang, Batavia, with a capacity of 10,000 boxes a bank. Bombay, London, New York, week, will afford an outlet for There is one further step which, Yellow 'Calcatta,
the Bynea Company's steel bars. I think, might be taken, and
which will help to focus public Frog confidence in the Imperial Bank Garoupa and that is that the funds stand. Gudgeon Herringa ing to the credit of co-operative
Hallbut societies throughout India should, where possible and convenient, be Labrus lodged with that bank. It is not och Mandato of the Republic of China
at all unlikely that Lord Lin Lobsters on the 22nd of November, 1917). Authorised Capital $80,000,000.00 lithgow's Agricultural Commis Mackerel
Monk Fish "{Fald-up Capital
$18,278,600.00 sion will recommend a strong for
Mullet Reserve Fund
...............$9,820,425.24 ward policy in regard to co-opera- HEAD OFFICE PEKING.
tive societies, which have admit-Oreters tedly done much in the past to Parrot Fish
Parch HONGKONG BRANCH: foster agricultural credits and 4, Queen's Road Central
which might do considerably Branches and Sub-branches all ever Chirs and Correspondants in Europe, more in the future on the same
merian, and other parts of the world. lines. The cause of co-operative entrat, Black Lonion Bankers: The National Proyin systems in India, both rural and Belal and Union Bank of England, Ltd urban, would be distinctly adv The Guaranty Trust Company of New vanced if they were associated Ray New York Bankers The Irving still more closely, than at present Rock Fish
Bosch with a bank of the standing of thà National Banke The Equitable Trust Company of
Balanom Imperial Bank of India.
itt doe!
to anti
den
T. TAKAGI,
HONGKONG BRANCH,
·Manager.
8. Das Voix Road Central, Hongkong, 7th May, 1926.
w
THE BANK OF CANTON, LIMITED
ilead Office-Hongkong,
ESTABLISHED":15
Authorted Capiai.
Paid Up, Capital
Bliver Exeserve. Fand
EL,200,000 750,000 Carton Shangling Hankow, swako Bangtok, New York, and San FranciB06, Korespondente in all Principal cities of the
BRANCHES
Karach Коре London Los Angeles.
yona.
Kaguanki. Nagoya
„Intermit allowed on Current Accomta, krydsemiption quest wingi baglbang
(Temporarily
'clauad).
Deposita recaigad for fred periods at
estos doʻbe obtained, or application
World.:
· LONDON-BANKERS
Interest allowe and÷Find Deppafí
Platos
Pomfret,
CRE
屠肚 水
公
1 * & ***** | 282AAN | 6882 |
Peanuts
Persimmons, Large S
Plantain Fumeio, Slam Wainuta
Artichokes
授神花紅大道
DE-550 Sqač Bak &
• } ]} [ 2*8NI-9]
14
each 2 8
Ib..
8
5
6. 9
82 12. 9.
24 20 20
40- 28.
26
13 18. 2
Vegetables, &c.
Beans, Sprout...
Long Beet Root Bitter Squash Brinjale, Green
Red
Cabbage, Chinese 17.
(Shanghai)
Cane Shoots, banch
Cauliflower (Largs)
(Medium)
Beach 12
ib 5.
ሱ፡
竹染角瓜瓜瓜染染
... 14
esch 18:
1,70 28 10
14.10. 9
*(Small)
11
12
10.
8
"
Carrots
8.
#
28 10.
Celery. Chiness
18 10 18
糖臭...
8
10
Chillies, Dried
90 25
95
行
20. 80.
Rad
12
60
*32 · 25
Green
紅辣椒 青花
10
28 8
65
40:80
Curry Stuff, English
15
32.5 22
13.
28 18 28
Gingar, Young
H
28
18
Depot Old
65
24
Horseradish, Shanghai.
器 82 21
Indian Corn Co
55 20
26
Lettuce
82. $29
18 皆
Id 42
14 18
40:
20
15
Cucumbers
Garlia
24 14 9
16 18 9. (48:28 14
14 1318
Water Chestants
Mandarin. AR
Mushrooms, Frosh Okroes Onioni, Bombay
Green Shanghai
Parsley Potato, Sweet
Гарането
Pumpicin Radish
50 26: 29 55 66 30
30 30 45
*10
6
7
from: £300, 20 840,00, yearly,
LOOK POON SHAN,
"Hong Kong," 10th December, 1996.