2
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Anžhorized Capital,
Aarsed and Volly Palog
Barva Tanda
$50,000,000 20,000,000
THE BANK OF EAST ASIA; LTD
HEAD OFFICE: HONG KONG. 10, Des Voeux Road Central, Hong Kong
Authorised Capital .......
Paid-Up Capital
Reserve...
Starting them to £8,000, 305
$10,000,000 8,000,000
1,200,000
BRANCHES AND AGENCIES:- BataviaTM Melbourne San Francisco
. $19,400,0
Borealability of Prop datora....IĻA),000
Bombay
Nagaanki
Bentile
Delovita
New York
Bemerang
ITEAD OFFICE: HONGKONG.
Canton
Craki
Singapore
Halphoog
Paris
Sourabaya
COURT OF DIRECTONS:-
Honolulu
Peking
Sydney
-Kobe
Penang
Talpek
Kowloon
Rangoon
Tientaln
London nulla
Raigon
Tokyo
Shanghai
Ion, 31. D. G. 39. Bernand,
Chairman,
A, 1. Compton, Eng.
Deputy Chairma
W. Uf. Bolt, & 4.
N. B. Brow Eng.
W,
2. A. Plassist, Emi
-་
T.. Well, Kin.
Pattanian, Esɛ. 1. P. White, Yan,
AMOT
BANGKOL
Acting Oniel Manager.
Bomdir. A. G. Hynes,
BRANUDE-
LONDON
LYONS
SABACCA
STANILA
MOURDEN
Correspondents in all principal cities
of the world.
THE CHINA MAIL.
COMMERCE AND FINANCE.
HOME TRADE.
MANCHESTER MARKET
REPORT.
THE NEWS FROM CHINA.
OUTLOOK FOR LANCASHIRE REVIEWED,
BIG DROP IN COTTON EXPORTS,
TUESDAY, MAY 24, 1927.
•
taken at the Kaulung tidal observatory under the direction of Dr. Doberck dur..... ing the years 1887, 1888, & 1889. The times and heights are given for Kaulung; but they may be used for the Victoria Naval yard and. Aberdeen, the differences. being very small.
sequence of this la that mills in by merely 10 millions of her
HONGKONG TIDEL. Japan have turned on to the pro-population What opportunities duction of cloths that form a there are for expansion! China The tide table given below has useful alternative to Lancashire needs Britain, Britain needs been obtained by aid of the Tide goods, mainly because they can China. There is little doubt predicting Machine, which in- be put upon the China market that Britain can be of real ser- cludes 40 components for the bet at lower prices.
vice to their country in develop- ter prediction of tides, from the Lancashire, however, has an ing her great resources, in help- rosult of the analysis of the tidal TRADE WITH CHINA. asset of untold advantage. Her ing to improve her means of observations,
productions maintain their place transport, and in other direc- es first favourites. Our British tions. reputation for "dellvering the During these months of crisis goods" is recognised in Ching the views of the Manchester as it is all the, world over, and merchants trading with China- it is bound to reap its reward and they focus the opinion of when China is really set upon the Lancashire cotton trade- a firm foundation and can pur-have been expressed from time Messrs. James F. Hutton & Co..
Manchester, March 28.
sue her course on lines of pro- to time through their Chamber
The times of high-and low- Every description of Banking and Ltd., Manchester, reported as Exchange business transacted. Loans follows under date. Wednesday,
No part of the country is gress and healthy development. of Commerce. From the outset water must not be considered to in Lancashire, evar vigorous they have emphasized the fact coincide with the times of slack granted on approved securities.
watching the happenings April 20-
water and change of current, the The market closed very dull for China with more concern than and enterprising, may be trust that our people have every pos-
phenomefia being quite ed to do her best to overcome the sible sympathy with the Chinese two the Easter holidays and opened
When Lanca-competition that at present con- people in their legitimate aspira- is Lancashire, again on Tuesday in very much
May 20 to 20, 1927. the same state. The tone, how-shire thinks of her trade with fronts her, and she need not fear tions, and that all we want in
DATE BIG WATER | LOWER Water ever, has remained very steady China she has in mind mainly the temporary anti-British pre- China is the open door, equal judice. It is already disappear-Lopportunity, and 'stable condi- and it is surprising that with her vital interests in the exporting under the wise policy of tions for trade, with no ulterior
Standard
sta.dord May
Timra daily fluctuations in the price of
Hv Timoe the raw material rarely exceed of cotton yarns and textiles, restraint and conciliation which motive whatever.
They have expressed the hope Fri. ing seven or eight points, cus-although machinery, chemicals, four Government is pursuing.
The potentiality of China as a that all misunderstandings will tomers do not yet seem to be able and other commodities are sent market for the products of soon be wiped out, for unfortun-8&t. 2m 1 233,8 m 32 3.4 to see their way. to abandon the from that part of the country in Lancashire and Yorkshire is ately the fairness of our inten-
m1 15.7.2 7 SU a policy of caution which they have
incalculable. No part of the tions has been misinterpreted by
37 མས་ པ།ཐཔ been following for the past two considerable bulk to China.
0 és 1.0 China is Lancashire's second world presents such possibilities. China, and that then there may Mon. 33 m. 38 m 5. Chater Road, Victoria, Hong Kong months. There is of course one
A fringe only of the people of speedily return those friendly
1 12 16.0 point to be considered, namely, biggest customer for textiles-China has been reached by our and cordial relations which until Tues 2 5 14.8 m 7701 HEAD OFFICE: 74, Rue St. Lazare, that demand from India is usual
"grey," bleached, printed and commodities.
It is fairly safe recently had so long existed be-Wed, 25 m 5.50 4.6 m 113 1.0 ly very scanty about this time, Capital fully paid up...Fts.40,000,000 and this year so far has not dyed cotton piece goods, used by to say that of our exports gen-tween the merchant communities Special working capital..Frs.50,000,000 proved an exception to the rule. the Chinese to make their cloth. erally to that country at least of Great Britain and China. Thura am4 60 10 58
40 to 50 per cent, are consumed "Daily Mail." ....Fr..13,276,000 Business for that market has ing. It has been usual in Man-
been confined chiefly to fancies,
SAFE DEPOSIT BOXES to let.
KAN TONG PO,
Chief Maunger.
Hong Kong, 21st March, 1927.
BATAVIA
BOMBAY
CALOUTTA
SAGASAKI
NEW YORK
COLOXBO
PEKINO
行銀商工法中
DAILEN.
CANTON
CHEFOO
FOOCHOW DAIPHONG
ПАМПОКО
BANKOW
BAURIN
HONOKEW
ILOILO
[P01
JONORK
KOBE KUALA
LUMPUR
PENANG
RANGOUN
SAIGON
BAN FRANCISCO
BHANGHAL
SINGAPORE
SOUBABAYA
BUNURI PATANI
TIENTSIN
TOKYO
TAINGTAO
VOROMAMA
Current Accounts #perasi In Juncal Currency and First Deposita tiesival for one year or abortar periquin in Local Currency and Hurling os terms which will be quoted as application,
Hong Kong, 7th April, 1997.
HONGKONG SAVINGS BANK.
The Rosins of the shore Bank in con- ducted by the DONGKONG AND SILANOWAL BANKING CORPORATION. Rules may be obtained us spplicatlan,
FOR THE HONGKONG & SHANGHA BANKING CORPORATION:
A. C. Hy
Acting Color Manager
Hongkong, th, March, 11927.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE: 96, Boulevard Haussman, Paris. Subscribed Capital. Frs. 72,000,000.00 Paid-Up Capital....Fra, 68,400,000.00 Reserve Fund
Fre. 89,884,619.10 BRANCHES: Bangkok Hano!
Pondicherry
Battambang Hong Kong Salgon
Gunthe
Canton
Dibouti
Noumes
Fort-Bayard Pepeate
Mongtze Shanghai
NamDinh Singapore
-Tientsin Tourane Yunnanfu
Halphong
Peking Hankow Prom-Penh
BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnale: Banque de Paris at des Pays-Bas; Credit Industriel et Commercial; Societe Gezerala.
IN LONDON: The National Pro- vincial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Faria; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor poration; Guaranty Trust Co. of New York.
to
Interest allowed on Current Accounts and Fixed Deposits according. arrangements.
Every description of Banking and Exchange Business transacted.
Safe Deposit Boxes to lot.
CH, LEM,
Manager. Hong Kong, 20th February, 1927.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
(NETHERLANDS TRADING HOGIRTY
БАНККЕЯ
Established 1234.
Hong Kong Ure:—11 Queen's Host Contral Authorbol Capital ............ Quif:lura 150,000,000 (£19,000) Paid-up Capital Gulldur
€0,000,870.) Reserve Fundo, Guilders 21,117,340- - [ £1.780,278.) Special llaner.Quilders 260,00
{£18,520 } -Read One:-AMSTERDAM'I
Extaz Hand Office:---BATAVIA, BRANCHEN ;— Bundjarmasin, Bandeang"), Bong
bay, Calcutta Cherlon. Desi. dah, Djumbor, Plokjakarta'), The Jugue'),
Ko, Kula kadja, Nolan, Badnag Palembang, Pokslosuz Penang Pontianak Kangoon, Botterd
Sitwiga (Bust)
and Weltevreden.*}"
BANQUE FRANCO-CHINCISE
pour le
Commerce et L'Industria (Incorporated in France).
Reserves..........
Paris Saigon Peking
Paris.
BRANCHES: Lyonn
Надов Haiphong Shangha Tientsin
BANKERS:
Paris et des Pays Bas LONDONI-Midland Bank Ltd.
NEW YORK:-Irving Bank Columbia
Trust Co.
Every description of Banking and Exchange Business Transacted. Corre spondents throughout the world.
A. ROLLIN,
Hong Kong, 21st April, 1027.
Manager
distinct.
Alt.
20 m 0. 11.04 11.5.3
Saa. -
m 10 34 7.3
11.2
36.2 10+9
29 10:38 1.4
6.39% 6.7
HONG KONG MARKET PRODUCE.
H
Prime Cut
It
Corned
π
Boost
→ Breast
Steak
Butcher Meat.
APPROXIMATE RETAIL PRICES.
Poultry.
May 18, June, June, 1927. 1918. 1014.
Cta. Ct. Cla.
Jb.
30
31
28 30
May 19, June, June,
1927. 1918. 1914.
Cts. Cía. Cia.
RR
1b.
28 24 12
Chicken
28
23
12
Capons,' Smali
+
32 23 12
Capons, Large
28 30
28 24 22
Dack
46
25
20 18
22 21
Doves
each
+2
Soup
28
20
18
22
<21
17
Eggs, Hen (cooking)..
28 24 22
per doz, 30.
18
15
Steak Sirloin
45 80
SE
Egge, Hen (fresh)-
14
25
20
40
20 20
* 16.
30
H
per set 16
14
12
20
Tongue, fresh.. Tongue, corned
each 00
50 60
24
each 55
80
-
60
"
Acad
$1.20
--$1.20
35
28
D
·Heart
Tb. 24
ib.
Hump, Salt
+84 20
13
·61
Feet
each 12
10 12
cach
Kidneys
16
10
12
Tail
25
20
22
Quail
Partridges
each
Liver
b. 26 18
14
"
Tripe
6
.. Baúsages
and fair amount having been thester to regard markets other Marcaillon done. Prints, however, have than India and China as "minor completely fallen off whilst busi-markets." When India and Hongkong Phon Fenhness in the ordinary plain styles China are buying freely at one
is very restricted. Calcutta has bought chiefly dhooties and shirt- and the same time the Manchester FRANCE-Societe Generale, Banqusings together with a few sarries. Royal Exchange is busy, and Nationale de Credit, Banque de Stocks are reported to be low but manufacturers' 'requirements as
these of course will soon be re- plenished by the large shipments to delivery quickly become ex- that are falling due in the next tended to months ahead.
China, unfortunately, cannot Beef Sirloin few months. There is certainly
be said to have been in the no evidence as yet of any strong. demand for forward consign-market for some time past. linents. News from China with is a lamentable fact that in the regard to the Shanghai auctions last two years our cotton ex- is more reassuring for it appears ports to that country, reckoned that larger quantities are now in yardage, are less than one. quantities. being offered and prices are firmer third of pre-war with a slight upward tendency. During the five years 1909-1913 From the minor Far Eastern there were shipped annually, on markets only a very scanty de- an average, some 550 million mand is forthcoming, printing square yards of cotton piece and finishing styles being the goods, whereas the figure for chief constituents. There seems 1926 was 173 million and in 1926
177.. million. £3,000,000 to be a willingness on the part of
The difference in the compari- £4,000,000 buyers for Egypt and the Near
East to put some orders through, son of values, it is true, is not £3,000,000
although very little has been done so marked. The value of ex- during the past week or two, ports to China may be roughly offers being much too far away stated as £9,000,000 average per for even the most zealous maker. South America is buying in spasms whilst none of the other smaller markets are at all ingist ent. In the American section of the yarn market selling pressure is observable and notwithstand ing the modest advance in futures, prices now obtaining as com buyers in some cases are able to pared with those of pre-war
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1858.
HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund.... Reserve Liability of Proprie-
tors....
Agencies and ALOR STAR
(Malay States) AMRITSAR BANOKOK
BATAVIA ROMUAY CALOPITA CANTON CAWNPOKE VESU COLOMBO DELFI
BAIPHONG
BAMBURG
BANKOW
HONG KONG ILOILO
IPOB
KARAURIT
KLANG Ковк
KUALA KANGSAJ
Penk, (FALIS,
KUALA LUMPUR KUCHING
Branches. MADEAS MANILA MEDAN NEW YORK PEKING PRRANG PESHAWAR DUKET BANGOON BAIGON SEMAILANG VEREMBAN
BOURADAYA TAIPING (F.31.9.) TAVOY TIENTSIN TOKYO
TSINGTAO
YOKOHAMA
ZAMBOANGA
-
"(Phillpgivs Infanda)
Foreign Exchange and General Bank- ior business transacted.
Current Accounts opened and Fixed Deposits received for 1 year or shorter
on application.
Bullock's Bruins
ヤク
Pr
и
尾 牛肉
RELESEN REASOEBERELECEHSAAE÷KOBSKÉSSBOBESEBRE
18. 14
Fowls, Canton
Fowls, Hainan A Geele
Pigeons, Canton
Hotho
Turkeys, Cock
Turkeys, Hen
Snipe Pheasant
annum for 1909-1913, and about Calves' Head & Feet.. 48 set $1.20 $1.00 $1.00
7,500,000 for each of the two Mutton Chop years 1925 and 1926. The value of the total cotton export in 1926 was £116,000,000. The differ- ence in money value is obviously Pig's Chitlings accounted for by the higher
get in at pre-holiday rates. The times..
finer counts of Egyptian remain. -steady but are only moderately.
active.
Effects of Trade Shrinkage..
This shrinkage in trade causes much distressful idleness, for Lancashire's commodities are MOVEMENTS OF STEAMERS, produced by, and concern, great numbers of our fellow-country- There is not only, the
The P. & O. n.s. "Davanha" from
men.
"
Leg Shoulder
+
"
Saddle
口檬綠
́a #sunda ##4120EN
Fruits,
#
TasSARSE! ASAS
Ib.
-60 35
24 $24.
| ឌ ឌឌ | | | | | | | |
7 4
..12
each 13 10 10
Bananas (bride's) Carambola
Cocoannts
Lemont, China
Lemona (America)
金山檸廠: each
LI BERE WE RENT, ME SIFE CHEZEAN-
48 28
48
26
45 24
55
Almonds
35
Apples (California)
19
Brains
Per set 5
Feet
ib.
14
15
Fry
#
猪什
28 15
Head
18 20
"
Heart
12
Beach 15
10
1b. 15 7
.10.
: at
Kidneys
豬正
15
10
8 0
Lichees, Dried
Liver
ib.
$2
30 24
Pork Chop
糖排
Oranges (Canton)
荔枝干Ib.
85
25.90
37
25 23
新會甜證
-24:
#
30
ม
Leg
34
Loin
猪後......
37 .60% 70
14
24
21
1410 12:
D
per act 85
60
70
12
each 19 8
15
"
12 10
12
:
F
60
26
26,
24
b.
Zu 25.22
Grapes
牛油、
20
20 18
50 26 20
36 20
19
20
20
Fat or Lard
periods at rates which will be quoted Hong Kong arrived London on May army of workers in the spinning/Sheep's Head & Feet...
J. R. GEORGE,
Manager. Hong Kong, 7th March, 1927.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.)
Capital Subscribed Capital (Paid-up)
Incorporated by Special Imperial Charter, 1899,
Yen 45,000,000 *You 89,875,000
HEAD OFFICE:-Taipeb, Formosa
BRANCHES:
21, at Ga.m.
The P. & O. 8.8. "Nyanza" left Shanghai for this port on May 21, at 1 p.m., and was due here to-day, at about 10 x.m.
mills and weaving sheds; there are also all manner of allied trades, such as dyeing, bleach-
Heart
"
"
Kidneys
Liver
ing, calico printing, backing for Sucking Pigs, to order.
Sust, Beef The P. & O. 8.8. "Mantua" left export and transport of every Singapore for this port on May 22, kind, employing thousands of at 10 am, with the outward Eng- men and women, to say nothing lish malls, and is due here on May of the merchant houses and the 26, at about 2 p.m.
The B. 1. 8.8, "Trebartha left Singapore for this port on May 19, a.m., and is due. here on May 26, p.m.
staffs therein employed.
What, then, are the cause for this very serious shrinkage?
The Manchester Chamber of Barbel Commerce has within its OX- Bream
The C.P.S., R.M.S. "Empress of Asia" left Yokohama on May 20, ganisation an active China and Canton Fresh
and is due at Vancouver on May 29 Far East Executive Committee," Water Fish.
The C.P.S.. R.M.S. "Empress of which is closely in touch with Canada" (Capt. A. J. Hailey,
Carp
Oranges
Pears (Canton);
Peanuts
Persimmons, Large
Plantal....
Pumelo, Stam Walaute
Artichokes Beans, Sproat..
Vegetables, &c
cach
竹來角如
1999 TRIER |
erch
.8
5-12
2+
Veal
Mutton
Sausages
Fish.
82
19.
24
Long
30
20
Beet Root
Bitter Squash
20." 18
10
薄鸛
$8
18 27
20
129
30
20 25
32 20
20
20
'16 2
-50
23
16
E
22 10
· ឆ
傳栄花
10
lb.
Celery, Chinese
糖龸
10 18.
Chillies, Dried
12
Kamran), Blind HURTL karta (dala), Tagul," "Tilasinp | JAPAN:-Tokyo, Yokoham", Kobe, R.N.R.) will leave here for Victoria China. This body is composed Catfish
+ Those ofloss have ento dupont bikes lu lut
London Bankers-National Provincial Bauk Lust.
Correspondotta nål over tive world
Banking none of every
description transced.
O. STEENSTHA
Manager.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880. Capital (fully paid-up) Yen 100,000,000 Reserve fond
Yon 92,500,000 Head Office:-YOKOHAMA Branches and Agencies at: Alexandria,
Nowchwang Now. York Osaka Peking. Banroon. Blo de Janeiro. Tio. Saigon,
Batavia.
Bombay. Buenos Calcutta Canton.
Аутен
Changchun, Dairen⋅ (Dalny),
Hamburg.
Hankow Harb
Kong
San Francisco,
Pangtien (Mukden). Seattle.
Honolulu. Kai Yuan, Karachi.
Коле
Los Angeles,
Semarang.
Shanghal, Shimonordci.
Singapore.
Boerabaya. Bydowy.
Geaks.
Codfish
Manchester merchants, and Vancouver, B.C., via Shanghai, of FORMOSA: Giran, Kagi, Karenko, Kobe and Yokohama, at noon on several of whom have resided in Crabs
China, while others make Cuttle Fish Keelung, Makong, Nanto, Bhin-June 1.
alku, Taichu, Tainan, Takao, The C.P.S., R.M.S. "Empress of periodical visits there. This Dab Tamsul, Torn, Helto, Teito, Russia left Vancouver for Hong body recently gave its opinion pace UHINA: Shanghai, Hankow, Amoy, Kong, via Japan ports and Shang- that "the major part of this Dog Flab..
Foochow, Swatow, Canton. OTHERB: Hongkong, Singapore, hui, on the 19th May and is due loss of trade has been caused by
Boerabaya, Semarang, Batavia, here on the 6th June.
Bombay, London, New York, Calcutta.
LONDON BANKERS: London County Westminster and Parr's Bank.
The Bank Bản Córrengandinta iu kaa (siamo relá Centres i thy Kuropean Continent, Baxin, Man shuria, Taingtao, Jayan, Indo-China, Mam, India Philippine Islandia, Jara, Afrinn, ko,
Interest Allowed as Current Accounts, and Fixed
Dvosulja at palaa walch will be quoted on appilem
T. TAKAGI
Manager HONGKONG BRANCH; *-8, Des Voeur Road Central.
Hong Kong, 7th May, 1926.
THE BANK OF CANTON, LTD,
Established 1919.
Head Office Hong Kong
“Authorised Capital (1
Paid Up Capital
Banerys-Yund
- Canlop.
Hanfor
Berit Bangkok, New York and San Francisco
WM-LONDON NANKERA NÄY
TH
(Dual) principal cities at, the Worldd:743
about June 28.
Fresh Wat Yellow
The m.v. "Bonarea" (Swedish the political conditions in China East Asiatic Co., Ltd.) left Antwerp and that the best chance of re- on May, 20, and is due here on or covering this trade lies in an From
early restoration of political Garoups stability, and security in that
Ma Gudgeon:“- country"
There are of course, also other causes that have militated
THE BANK OF CHINA; 行銀國中
(Specially Authorised by Presidential
Mandate of the Republic of China-
Hörrings Hall
against us. The anti-British Labres
Lobster
on the 22nd of November, 1917), boycott has doubtless played its Lonch Authorised Capital #5950 $60,000,000.00 part. The disorganisation of $18,278,600.00 railways and waterways by War
Pad-up Capital Belarve Food
* * 9,829,425,24| Lords and their hordes, and the exorbitant imposition of in- ternal taxe have both com bined to harass trading
-HEAD OFFICE PEKINGATA
HONGKONG BRANCH:"-
LAVA, QENA's Hoad Content
**** Branches and Sub-branches all over ther Ching and Gorrespondentasin, Europe, Aprica and other parts of the world cou Loulon Bankerakon:The National
mecial and Unlon Baik od England; Ltd. | The Guaranty Trust Company of New
Nationa
for
restrict
elopment
times we
looked for
Colton-Goods
overlook Ray
SERBO KUS-EES
26 20
18.
Brinjals, Green
Red
Cabbage, Chinese:
(Shanghai)
Cane Shoots, bunch...
Cauliflower (Large)..
(Medium),
(Small)..
茶
大輝榮花
Carrota
Bed
Green
Curry Stuff, Eng
Cucumbers
Carlie
Ginger, Young
Horsers Indian Col Lettuce, Water
辣椒干
AL M
傅花懷
rext allowed ou
récaired
obtained
Kont