HONG KONG AND SHANGHAI

BANKING CORPORATION. '

850,008,200

Larned jač Fully Pal855 somonias $23,800,00 Baseres Funda1--

Working ...

$1,000,000

194 114,000,000 Basarri Clability of Proprietors ...........@X1,200,50€

HEAD OFFICS, LOXOXONG

COURT OF DIRECTORA IS

II. Compton, Beg

Ont

K. B. Brown, R.

Deputy Chairman,

W, H, Biù, Eng.

W. L. Prisenden, Koç, Hon. Mr. B. D. P. Beith. 3. A. Plummer, Maj, Ms. Mr.Ő.0, 8. Mackie, T, 0. Weall, Esq.

ANOT

Q. P. Wh», Esq.

Chief Manager

tion. Mr. A. Ú. Wyom

RAHOROS

SATAVIA

BOMBAY

GALOVITA

CANTON

QUEFON

COLOMBO

DAIBE

РОЖДОЙ

HALFRONG

KAMBURO

HANKOW

RARDIN

HONOKEW

ELONA

POLI

JOHORN

Кози

BIANORES1-

KUALA LUMPUR

LONDON LYOMB

MATACOA MARILA

MOVEDER

NADABAXI NEW YORK

PEKING PENANG

RANGOON BAIGON

SAN FRANCISCO

SHANGHAI

BINGAPORE

BOURABAYA BUNGRI PATANI TIENTEIN

TOKYO

TRINGTAO

YOKOHAMA

Cams Aurovila opeted in soal Correury

• Hud Depolta received for one 2008 M shorter periode in Local Curraney and Sterling 2 with which will be quoted on appimise

Hong Kong, th June, 1990.

HONG KONG SAVINGS BANK.

The Business of the shore Blank in venduak- by the LONGLONG AND SHANGHAI BANKING CORPORATION. Hules may be ahteld om sypics.

FOR THE HONGKONG 'SHANGHAI BANKING CORPORATION,

1. C. HINES,

Chisi Mango.

Home Long, 18th September, 1927.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NITHERLANDS TRADING SOCIETY)

DANKEN.

Establlabad 834.

Hong Kong Doll Quen's Bond Central.

www

Autkodea] Capital ............... Outider 150,000,000- (19,000,000.) Pit-Up Capital ......... Chulldes 80,000,000.

(46)

Resorts Pond Duildere $0,000,000-

Head stiles {AKSTERDAM'). Eastern Read OG-BATAVIA. KHOKES:-Bandjorasi Dandong) Bombay,

行銀商工法中

BANQUE FRANCO-CHINOISE pour is

Commerce et Findustria

(Incorporated in France).

Prince's Building, Chater Road, Hong Koor.

HEAD OFFICE:

74, Rue St. Lazare, Paris, Capital fully paid up Fre:50,000,000 Special working capital..Frs.50,000,000 Reserves

Fra 22,310,000

BRANCHES:

Paris, Lyona, Marseliles, Saigon, Elphons. Hunôi Tourse, Galion Hue. Thanh hoa. Vịnh Phom Penh.

Peking, Shanghal, Tientela, Hong Kong.

BANKERS:

FRANCE:Boclete Generale, Banque Nationale de Credit, Banque de Paris et des Pays Bas. LONDON:-Midland Bank Ltd.

Exchange Irving Trust Co., Banca Commer clala Italiana.

NEW YORK:-American

SAN FRANCISCO:-Bank of Italy.

Every description of Banking and Exchange Business Transacted, Cor respondents throughout the world.

L. BERNIS,

Manager. Hong Kong, 3rd August, 1928

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporsted by Royal Charter, 1859. HEAD OFFICE: LONDON, Paid-up Capital Reserve Fund Reserve Liability of Proprie-

tors

162,233,000.

TOTAL WORKING DAYS LOST.

THE 1926 STRIKES.

THE CHINA MAIL,

COMMERCE

A striking analysis of the coal and general atrikes of 1926, and their cost to the nation in working time, is supplied by the "Abstract of Labour Statistics of the United Kingdom," issued as a Blue Book by the Ministry of Labour.,

This is the nineteenth of the series which

war.

A

the Ministry has compiled, and the second issued since the summary of some of the elaborate tables shows that;

The time-coat of the strikes and

1926 other disputes of |162,233,000 working days, or more than the corresponding total for the strikes of the six previous years,

1920 included.

Was

The number of workers directly and indirectly involved in the stop £3,000,000 pages of 1926 was 2,745,000. Thrie £4,000,000 Bgures include the few stoppages which had begun in the previous year, and lasted into 1926, and all returns include the figures for Northern Ireland.

.£3,000,000

Agencies and 'Branches:

ALOR STAR

(Malay Bhata)

АМЯТНАВ

BANGICK

BATAVEL BOMBAY CALCETTA CANTON CA WAPORE CEBU

COLOKEO DELE

KUCILING

MADRAS MANILA MEDAN

NEW YORK

PEKINO PEHANO PERILLWAR RANGOON BATCHON SEMARANG

ΠΑΙΡΤΟΝΟ

HANKOW

HAMBIN (N. Manchuria)

REDENBAN SHANDILAL SINGAPORE SOUSADAYA TálPENG

TUNG TUNG

[F.M.)

ILONA

ІРОН

КАВАСЦІ

KOBS

KUALA KANGSAR

IF.M.9.J

UMPUR

TAVDY TIENTSIN TOKYO

TONOKAU (Bbubes) TSINGTAO YOKOHAMA

ZAMBOANGA

Of these,totals for 1926 the sec- tion "Mining and Quarrying” is res- ponsible for the loss of 146,456,000 work hours, or 200 times the num- ber

working hours involved in all stoppages for the same year in other sections like building, metal trades, engineering, shipbuilding, textile, clothing, transport,' &c. ..

Details are given in the form of tables reaching back from 1927 to 1911, inclusive, so as to show three [Philippine Inmods) pre-war years for the purpose of Foreign Exchange and General Bank-comparison. The aggregate dura ing business transacted.

tion in working hours involved for Current Accounts oponed and Fixed all industries in those years works Deposits received for 1 year or shorter periods at rates which will be quoted out as follows? on application.

10,155,000

AND

FINANCE.

sarily of a general survey charac |tar, but, it is auggested, sections |could be elaborated for the purpose of meeting the requirements of 'the specialists and, undermanagers.

LINES OF TRAINING. The importance of a general economic knowledge in all students

Under the head of causes, "aym-undertaking courses in administra- Is urged. The suggested pathetic disputes: account for 58.6 tlon

Finance. Production. Distribution.

per cent. of the numbers of work courses are given the headings: people Involved in the strikes of 1927, or more than the total percen-| tages of the other eighteen years combined.

The lectares under the heading

FRIDAY, AUGUST 31,

CUBA'S SUGAR,

Havana, Yesterday, Senor Machado has signed the decree allowing the selling of sugar In any quantity to countries other than the United States-Reuter,...

CALEDONIAN"INSURANCE BONUS.

The directors of the Caledonian. Another series of tables dealing of "Finance" should cover the pro- Insurance Company have decided to with the settlement of these vari vision of capital for setting up and pay an interim bonus for the year ous disputes shows that from 1911 working an enterprise, banking 1928 at the rate of 48 per £100 as to 1927 inclusive the total number methods, loans, discounts and sured in respect of premiums due of the strikes and lock-outs may be credits, exchanges, speculation and and paid since Dec. 81, 1027, in the classified as follows:

Investment, normal accountancy, case of all policies becoming claims Ended in favour of work-

taxation and rating, &c. *(or which have become claims) by "Production" would embrace lay-death or maturity since Dec. 31, people

out of works, power provialon, 1927. Ended in favour of em-

labour, and Government regula- ployers Ended by compromiso Ended as a result of direct

negotiation

Ended by conciliation

Ended by arbitration" Ended by return to work on employers terms without. negotiation Ended by replacement of

workpeople

Ended by closing work Ended by other methods....

HONG KONG TIDE.

The tide table given below has been obtained by aid of the Tide-predicting Machine, which includes 40 componente for the better prodletion of tides, from the result of the analysis of the tidal cbservations, taken at the Kaulung tidal: observatory under the direction of Dr. Deberek during the years 1887, 1888 and 1889,'".

The times and baights are given for Kanlung; but they may be used for. the Victoria Naval Yard and Aber deen, the differences being very small. The times, of high-and low-water must not be considered to coincide with the times of slack-water and change of current, the two phenomena belug quite distinct.

DATO

August

Standard

Time

August 31 to Sept. 6, 1928

HIGH WATER LOWER Watar.

Standar Times

Ht

Bt

3,602

4.517 tions. 6,076

1

"Distribution" is meant to include advertising and publicity, markat-

10.126

||Ing' (trade channels," wholesale and 1,143 retail, commission merchants,

K. M. A. OUTPUT.

800.

778

The local agents of the Kailan Mon,

Fri. 31m 8 607,9 m 948 3.9

10145.1 4.800. Sat. Im 437,0 m 5 9 x.8 · ·

10 45.3

1.1 m10 18.2.7 m 4 12 1.6

11-10 5.6

3 m 12 16 72.4 26. brokers, and exporting houses; brands, trade marks, transport and Mining Administration, state ́that '- insurances), and selling.

: the total output of the Administra- Tuos. 1,155

The personal factor, knowledge of tion's. mines for the week ended commodities, languages, and gen-August 11, 1928 amount to 87,872 GB7

eral commercial practices in parti- tons and the sales during the period Thurs 6 m 14 6.3 m 8 %4 64 cular countries.

to 41,768 tons.

· 140- The book fills over 200 pages,.con- tains a detailed index for reference, and costs 48. net.

.

NEW METHODS.

--

A "REVOLUTION" IN INDUSTRY..

FUTURE LEADERS.

9.3

11 45.9

··

Wed. Bm 0 17 6.1 1 18 6.7

m 6 41. 2.2

8 43 2.3 3.4 7 Va

7 31: 138

2455 491

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL

Rutcher Meat.

Believlig that the industrial re volution that has been taking place for the last fifty years may necessitate the scrapping of ́ old)

Steak Sirloin methods of management and con-

Sausages trol, the Federation of British In- Bullock's Brains dustries (London Area) has issued

a report in which suggestions are made as to the training of these who aspire to positions of control.

The report has been prepared by: a special committee, and is issued) to representative education hodiasi It is felt that for further develop. ments in educational courses

Heart

essential that the contact between Calves'. Head & Feet.... 447)

July, 20, June, June,

60.

Capons,

PRICES.

Eggs, Han (cooking),,

Eggs, Hen (fresh)

Fowls, Canton

Fowl, Hainan Geest

Figoons, Canton

Turkeys, Cock

Turkeys, Hen Snipe Pheasant....

Hollow

Poultry.

July, 20, June, June,

1928, 1918 1914

Cla. Cia. Cts.

lb.

4.5

80 81

20

80

J

$4

21

anch 80

21

per doz. 30

新鮮羯

35 25 20

fb.

. 60

24

40 · 24 24

each 60

海口

15

65

火鼻

Bach

pair

each

瑞莱肥鸡在本海白海火火山美式

1.1.1 88 888 88886

ន ឌ ឌ អ ម 2 ឌ ឌ ន ន ន ន ៥ 1 F

1928, 1918. 1914.

Beef Sirloin

4 m.

The

Prime Cat.

Cla. Cis. Cia. 13 24 11 29. 25

Chicken

12

"

Corned

28 12

Capone, Smali

#

Boast

28

24 19

Large

>>

Breast

24

2018

Duck

12

Boup

24

2018

Doves

#

Steak

28

24.2

+

40

80 85

40

per nat 15

10

Tongue, trash..

each 66

50 60

Tongue, corned

1911

A. H. FERGUSON,

Head

1912

Manager.

Calpulla, Cherton, Ji, Djembe Hong Kong, 3rd April, 1928. Djakjakarta), The Hague'), __Xoba,

1913

1914

Bosa-Badja, Makassar, Medan, Padang Palembang. Pekalongan, Proje Pontianak, Bangoon, Botterdam"), Samarang), Shanghai, Bibol

Singapore, Boarabula, (Solo) Tezx, Talljap and Wolterzudem,') "Then dises have naïa dezonala bora to Sal Gouden Bánkutusum Nasional Provincial Bank LAZ ....... Sopelandetta all owe the word

1915

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO).

40,890,000 9,804,000 .9,878,000 2,953,000

11.20

Ib.

24

*

Hump, Batt

84

#

19

Fast

each 10

*Kidney

18 10 19

1916

2,446,000

+

Tall

28

1917

5,647,000

te

Liver

Th. 34

18

HEAD OFFICE:-Taipeh, Formosu.

1918

5,875,000

meet industrial requirements it is

Tzipi

7

1919

34,969,000

Incorporated by Special Imperial Charter, 1899.

set $1.20 $1.00 $1,00

1920

26,568,000

1921

85,872,000

1922

Central Bank in Formosa.

19,850,000

the educational authorities and in- Mutton Chop dustries must be established 'at the first.

Ib 18 20

. "

17

Bank-Notes Issued Average amount..

BRANCHES AND AGENCIES: JAPAN:-Tokyo, Yokohama, Kobe,

1923

10,072,000

Leg Shocider Saddle

48

46

24

Yen 45,000,000

10

40

1924

1926

.1926

1027

8,424,000 7,952,000 162,838,000 1,174,000

80

Bralnu

17

# Per set 8

Fost

R

###

15

H

Fry

# #

23

19

M

Total 415,362,000,

Head Heart

15

each 15

17

Kidneys

15

+

#1

Liver

· Ib.

48

company;

Leg

Lola

"

Fat or Lard

猪後:

40

24

Canich

Dijbned Noumea

:

Heart

Kidneys

Liver

each 12

15

·酐

40

26 25

80 20

45 426

1 | ER ENN * » S¤8 | ¤%¤¤86a 12888.686-85 1

-14

2018

13

to 1

Quail

Partridges

Fruits,

Almonds

#

16.

Apples (California)

Bananas (bride's)

Carambola

*U***

18

Coccazuta

***** ench 14

Lemona, China

15.

8

Lemons (America)

23

28

Oranges (Canton)

Lichens, Dried ... *# ↑ 1

金山

· each

Oranges

新會委

70

*Pears (Canton)

Peanuts

70

Persimmons, Large:..

7

Plantain

10

Fumelo, Blam

each 12

25

Walnuts

Grapes

***

8312782897 174/

TO

85

24

4

12

10

25

26

10

-18

16

Vegetables, &c.

午乎

RELESSNE SQUARES BERFRBOBLBOBESECHRECKLESSZE

Artichokes

Beans, Sprout

#

Long Beet Roof

Bitter Squash

Brinjala, Green

Banking buslawe of ayıry, description tracted.

0. STEENSTIA, -

Manager

Hong Kong. th Auguel, WM,

BÀNQUE DE L'INDO-CHINE.

HEAD OFFICE:

, Boulevard Hausman, Paris.

Subscibed Capital. Fr. 72,000,000.00 Pald-Up Capital.....Fs. 68,400,000.00 Roserve Funda ....Frs.102,000,000.00

BRANCHES: Sengkak Hanof Quinhon Battambang Hong Kong Saigon Antho Blangtze

Shanghai

Nam-Dish Singapore

Tlentin

Tourane Vinh

Fort-Bayard Papeete

Halphong Peking Slankow

Pnom Penh Yunnanfa

Pondicherry BANKERS:

IN FRANCE: Comptoir National d'Empte de Paris; Credit Lyonnais; Baixe de Paris ot don· Pays-Bas; Credit Industriel et Commercial; Bociate

Gaderia.

IN LONDON: The National Pro vincial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Paria; Credit Lyonnis,

IN NEW YORK: J. P. Morgan Co.; French American Banking" 'Cor- poration; Guaranty Trust Co. of New

York,

Interent allowed on Current Accounts and Fixed Doposita mccording to arrangemanta.

Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let.

CIL LEM

Manage.

Hong Kong, 28th August, 1928,

Disks FORMOSA:--Gran, Kagi, Karenko,

Keelung, Makong, Nanto, Shin- chiku, Taichu, Talaan, Takao, Tamsul, Toon, Heito, Taito.

It is to be noted that except where

CHINA-Shanghai, Hankow, Amoy, the aggregate duration exceeded 100

Foochow, Swatow, Canton.

The realleation of the fact that the conditions pertaining to indus- Pig's Chitiingi try are not static is urged. The committee consider the industrial revolution of the last fifty years comparable to that covering the break up of the guild system, the most striking results being!

The gradual extinction of the per- workng days these totals omit allsonally controlled company, which Pork Chop OTHERS-Hong Kong, Singapore,disputes involving fewer than ten is giving way to the limited liability

Soorabaya, Semarang,

The totals also omit all disputes lasting less than one day..

Bombay, Calcutta, London, New workpeople. York, Dairen.

LONDON BANKERS: The London County Westminster and Parr'a Bank,

The Bank has Corresponderla in the Germerodaž skaria, Teagles, Japan, Indo-China,

Fadla,

Centres Esse Beppesen Desigent, Budh as Philppuse kandi, Java, Arias, U... Aurile, Laternes allowed on Churma konte, and Fixed Depoelle di mate which will be quoted on sppilen sion. Degodia in Ten can be accepted.

J. IHARA,

HONG KONG BRANCH:

Manager.

8 Des Voeux Boad Central Hong Kong, 22nd September, 1027.

THE BANK OF CHINA. 行銀國中

(Specially. Authorised by Presidential kiandata of the Republic of China on the 22nd of November, 1917),

Authorised Capital Paid-up Capital Reserve Fund

The merging of operating units into vertical and/or horizontal Sheep's Head & Fent, per at 80 amalgamatiana:

Wage Questions. Wage questions accounted for

The growth of Government con- more than double the diapules trol not only of the conditions per-

numerated as compared with other taining to the workers, but also of Backing Pigs, to order. Causes, like trade unionism, hoursof methods of production, &c.

Saet, Boef Inbour, rules and discipline, and the The question of control and Mattun employment of "particular clases management. or administration of Veal

2

of persons," which appears to have industry had gradually evolved as a Sevangis been the next prolific cause of stop-subject of most importance out of Pages during the four years of the the new conditions. The committer war. Reckoned in terms of the make it clear that they do not sug- numbers of workers directly involv-gest that the small privately owned

ed, the years of the present survey enterprise is doomed to disappear. Barbel show the following proportion of "Conditions will always be found area disputes arising from wage ques which are very favourable to such Canton, Fresh

tions:

units, The provision of adequate Water Fish,

educational facilities for those de- Carp stined to be managers of such busi- Catfish nesses is just as necessary as it is Codish for the larger undertakings."

No. 1.

Fish.

16.

18

Red

1911

15

Cabbage, Chinesa

.$60,000,000.00

1912

881,000 1,019,000

24 12

18,278,600.00

1913

280,000

9,629,425.24

1914

201,000

Crab

252 23

1915

£38,000

HEAD OFFICE; PEKING..

...... PERSONAL FACTOR.

| Cuttle Wish

1916

151,000

HONG KONG BRANCH::

1917

282,000

4, Queen's Road Central

1918

Branches and Sub-branches all over

452,000

Existing educational facilities are Dab reviewed, and before suggesting |Dace possible developments "a word of Dog Fab

1919

1,684,000**

China and Correspondents in Europe,

1920

LIMITED

Establlalied' 1630.

London Bankers: The National Pro-: vincial and Union Bank of Bagland,

1921

1,450,000" 1,705,000

1922

Ltd.

1928)

The Gustably Trust Company of New York.

1924

206,000 -147,000: 422,000

Yen 99,500,000

New York Banker -The Irving National Bank; yet

1925

1926

The Equitable Trust Company of New York, Deleg4,f4,

7-1927:

275,000 1,087,000 31,000

<M (Shanghai)- Cane Shoots, bunch Cauliflower (Large)

(Medium).

Carrots

(Small)

Celery, Chiness

Chillies, Dried)

·Bed

W-Green

Corry Stuff, Eng

Chcumbers

Garte

Ginger, You

ALBER

紅椒

青花椒

THE YOKOHAMA 'SPECIE BANK, America, and other parts of the world.

“Yellow

Capital (fully paid-up) Yen 100,000,000 Rowers fund

of:

Hand Office:-YOKOHAMA,

Branches and Agencies

Newchwang 'New York. Osaka

Alexandria,

Bombay,"

Ва Аутов.;

Canton

Calcutta.

Changchun.

Daire (Bainy) Pangtien (Mukden).

Hamborg

Hawkow Blachan.

Είναι Κότσι Hondria. Kal Xnet. Karachi. Kobs,

Landako

Los Angeles.

Peking Rangoon, -Rio de Janeiro.

Saigoni San Francisco Beattie, Semarang. Bhanghai, Shimono ai Singapore Boorabaya Bydney. Tientsin. Tokyo,

Interest allowed on Current Accounta and Fixed Depositz. Terms on applice. tion,

newn tranamcted&SaveAKOGA

Every description of Banking Busl- THE BANK OF EAST ASIA, LTD.

Loans granted on approved securitisa Special · facilities for Hoine Ex- change

SHOU J. CHEN, AS

Pant Manager

THE BANK OF CANTON, LTD.

Established 1912. S

Head OfficeHong Kong.--

Anshortest Capital (ELE. Ouranot) 2^w=8-11,240,4001

KG LONDON (BANZERO,

HEAD OFFICE HONGKONG 10, Des Voeux Road Central, Houston Autäurised: Capital:...$10,000,000, * Pakl-up Capital Man, 5,000,000

Reserve NATO

200,000. BRANCHES AND Batavia Bombay Calcutta B&New York Canton Haiphong Paris Honolulu Kober

felbour

Peking

∙Penang

Kowloon Rangoon

London 15-Bairon/ Mablis

Shangh

ndents it all.

warning is given both to possibla Eels, Conge students and educational author-Fresh Water ities that leadership is a personal

factor, and if it is not present ex- Frogs ternal Influences such as education Groups Gudgeon will not provide it

Herrings Halibert Labrus

It is realised, however, that modem leadership requires know- ledge besides personality: it is to Losch this knowledge that attention must be given. Wherever it is possible it is strongly advisable that some

form of selection of students for

courses, should be applied, as apart from the necessary personal equation or the personal teristics, it must be realised that in the higher ranks of administ posts are very Hmiter

There te howe

Franci

field lower dow

for the under i

Courses could be

Problems chasing,

Kad con

Lobsters

Mushrooms,

exch Ib.

71881819 SI

LOOK PO

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