HONG KONG AND SHANGHAI BANKING CORPORATION.
Authoripä Capitre 10 $50,000,000 Lieval and Fully Paid-op om 8:30,000,00 Bocorro Funda |— ·
Stealing and 8,330,500 Kürer
terrenos$16,000,000
· Busters flability of Proprietors $38,000,000
HEAD OFFION, EDVOZONA
COURT OF DIRECTORS —
A. H. Compton, Yeg. Chaman.
N. & Brown, Eng. Deputy Chairmas,
Kon. Mr. B. D. F. Baith. #. H. Bell, Ray. · Ma. Mr, 0.0, 8. Maskia.
2. W, 47, Keg.
ΑΚΟΥ
ВАНОЛОВ
BATAVIA
SOMBAT
W. I Pallandan, Zaqə 1.4 Plummer, Kaq.
Y. G. Wrall, Rog. H. P. White, Esq. Chief Massger
sto. Mr. A. U. Ernie
GALQUITA JAKTON CHRFOO DOLOMBO DAIREY
HAIPHONO
KAMBURG
MANKOW
WARNIN
MONGIEW
НАПО
Под
JOBURN
FOD
BRANCHES - - -
LONDON
LYONS
MALACCA
KANILA
IBALA LUMPOR
MOUKDEN
NAGABAXI
NEW YORK
FRKING PENANG BANGOON
BAIOON
SAN FRANCISCO BPLANGIAL
SINGAPORE'
BOURABAYA BUNGEI PATANI TINTAIN
TURIO
TSINGTAO
YOKOHAMA
Derreal Accouie opanać In Local Ourteasy ază Fized. Deponite incalped for lose your e shorter perioda in Local Ouracy koi ismeling an berma which will be quoted on appilasaiona Hong Kong, 10k Bepiscaber, 1999.
HONG KONG SAVINGS BANK.
The Business of the above Bank le condusa
về by the KONGKONG AND BEANOBAL BANKING CORPORATION.
obtained on application,
FOR THE HONGEDNO
BANKING CORPORATION,
Bulan may be
*
BELANGRAI
A. C. DYNER,
-Chief Manager.
Hong Kong, Lish Begietaber, 1907.
NEDERLANDSCHE HANDEL
MAATSCHAPPIJ.
(NETHERLANDS TRADINU BOCIETY)
BARKERS,
Established 1624..
Hong Kong, Mon:-11 Queen's Road Castral.
Authorland Onglia)........ Guilders 160,000,000- (813,300,000.) Eid-Up Capital Qulldora 80,000,000- (5,508,870.) "Mesero Yund ..... ......... Oulder 40,000,000-
Head uflon 1—4AMSTERDAM”). Easlara Had Oor:—BATAYEA, UKANOMES:-Dendjarmasla Bandosur') Bombay,
Calouste, Charibos, iddah, jember, Djakjaketta), The Hagua"), Eobs, Rosa Madja, Makassar, Medan, Padang Fate
L'okaloage Разист Pontiaka Dangoon, Botterdam"}, Hamarany), Bhanghai, Ribalgi (tiamatra), Blagspare, Bostabala, Howeskusta (Bolo Togal, Tjilahjapi and Weltevreden.')
13 These ofītes Kava sala deposit boxsa jo lal. Landes Bankers National Provizalal Bank CAL
Cortampondante ill over the world
Banking business of every
description kanaaled.
0. STZENSTHA,
Hong Kong. 8th Augues, 1929.
Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
98, Boulevard Haussman, Paria
Subscribed Capital.. Fra. 72,000,000.00 Pald-Up Capital Fra 68,400,000.00 Reserve Funds Frs.102,000,000.00
BRANCHES:
Quinbon
Exngkok Handt Hattambang Hong Kong Saigon
Cantho
Canton
Mengtzo Shanghai Num-Diab Singapore Dibouti Noumes Tientsin
Fort-Bayard Papeote Haiphong
Hankow
Tourne Peking Vinh Pnom-Penk. Yunnant ,Pondicherry
BANKERS:
行銀商工法中
BANQUE FRANCO-CHINOISÉ
pour le
Commerce et l'Industria (Incorporated in France).
Prince's Building, Chater. Road,
Hong Kong.
HEAD OFFICE: 74, Rua St. Lazare, Parla. Capital fully paid up....Fes.50,000,000 Epecial working capital..Frs.50,000,000 Reserve
..Frs,22,819,000)
BRANCHES: Paris, Lyons, Marseilles, Salgon, Hipbon, Hanol Teerano, Ouinhon Hus, Thanh-hom, Viah, Prom Perth.
Faking, Shanghai, Tientsin, Hong Kong.
BANKERS: FRANCE: Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays Bas. LONDON:--Midland Bank Ltd.
NEW YORK:-American
Exchange Irving Trust Co., Banca Commor ciale Italiana.
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.
› Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON. Paid-up Capital
.£3,000,000 £3,000,000 Reserve Fund Reserve Liability of Proprie
tors
Agencies and Brahchen:
ALON STAR
(Muay Bhalo)
AMRITSAR
BANGKOK BATAVIA BOMBAY CALOUTTA CANTON САЖИРОМИ CEBU COLOMBO DELHI
KUCHING
MADRAS
MANILL
MEDAN HEW YORK PEKING PENAND PESHAWAR RANGOGN BAIOON SEMARANG SEREMBAN
JUST BALANCE.
JAPAN'S ESTIMATES FOR NEXT YEAR
POLICY MODIFIED?
THE CHINA MAIL,
Tokyo, Yesterday.
COMMERCE
AND
FINANCE.
GIGANTIC MERGER
BRITISH CONTROL OF WORLD'S
NICKEL
WEDNESDAY, OCTOBER 24, 1928.
20. per week per man employed in tinued to be favourable, in spite of that industry. ·
the great demands made by indús "However, that · In Itself would trial output, the building movement, not be a vital matter, as, under and the higher rates in the neigh- State ownership, there would also be bouring countries. a royalty payable, though perhapé Among the schemes for the Imme- not quite so much as the 7d. per ton diate future, Dr. Englis mentioned which is paid at the present the abolition of the transport taxes, moment.
which were a heavy burden upon "Needless to say, I have not in manufacture. mind that royalties should be con- fiscated by the State--that would be
F
unsound, and, from every point of view, impossible-but I do advocate the State purchase on
reasonable terms, because of the many benefits MAKING FOR "WORLD PEACE" that I am convinced would sccrue to the nation as a whole, and, possibly, to colliery shareholders In particu- lar."
a
merger
New York, Yesterday, The draft of the Japanese esti. According to the "New York involving mates for the coming, financial year American" shows that revenue and expenditure | £88,000,000 storling has just been are balanced-1,782.0 million yen ratified between the International; which is 28.8 million yen Increase Nickel Company and the Mond This places the over the current year. The main Nickel Company. feature of the draft is retranch-control of almost the entire world'a ment which is indicative of the nickel resources in British 'hands.
The merger will be effected Government being forced to modify its traditional positive policy owing through the International Nickel. Company of Canada, a subsidiary to the general political situation.
Varlous departments have de-of the International Nickel Com manded appropriations for new en-pany, which is incorporated in Now
Jersey terprises totalling 871 million yen
The Toronto "Globe" and the
NOT TO RETURN TO COLD STANDARD YET?
EXCHANGES.
•
TO-DAY'S QUOTATIONS. On London Bank, wire
2/-8 Bank, on demand... 2/- 3/16 Bank, 30 days" aight Bank; 4 monhts' sight 2/-% Credits, months'
sight Documentary 4 months!
Bight
4
2/1 %
JAPAN'S CURRENCY
On Paris-
On demand
2/1
1247%
Credits, 4 mantha
sight...
13224
On Berlin-
On' demand
On New York-
On demand
48%
Credits, 60 days' sight 80%1⁄2
On Bombay.
133
On Calcutta-
193
183 1881/
861⁄4
Osaka, Yesterday. Following the joint recommenda- tion of the Tokyo and Osaka Clearing Houses for the immediate
Wire
allowed, though it is likely that Canadian interests, headed by Sir standard in Japan, it is hoped the but only 110 million yen has been "Mall and Empire" state that or early restoration of the gold On demand the Finance Department will be Herbert Holt, have secured the Government will take an early Wire induced to Increase this before the majority of the stock of the Interna- opportunity to indicate its gold estimates are finally presented to
tional Nickel Company from its policy. the Diet, owing to pressure on the former New York control through part of the departments concerned active buying in the New York and Canadian markets in the past few
The Finance Minister's speech at the general meeting of bankers of Western Japan at Daaks on Nov. Both newspapers state 13 is awaited with keen interest. that this action is "part of Britain's Meanwhile, it is generally be policy to secure world peace by lieved here that there is no likeli dominating the source of supply of hood of any immediate action on one of the essential implements of the part of the Government. war."-Reuter.
Reuter.
What Was Asked Though the total estimates of months. $8,000,000
each department are not yet pub lished, the amount allowed for new enterprises shows that the Navy demanded 61 million yen and was allowed 13 million. The War De- partment demanded 47 million and was allowed 10 million.
HAIPHONG
SHANGHAI
HAMBURG
SINGAPORE
HANBOW
HOURABAYA
HAREIN (N: Manchuria)
TAIPING
HONG KONG.
(P.M.B.)
ILOILO
TAVOY
TPOU
KAUACHI
KUALA KANGSAR
KLAND
FOD*
Park (23.6.)
KUALA LUMPUS
TIENTSIN TOLYO
TONGKAH (Bhukos) \.
THINOTAO
YUROHAY
(T'blipplae landa) Foreign Exchange and General Bank- ing business transacted.
Current Accounts opened and Fixed Deposita received for 1 year or shorter periods at rates which will be quoted on application.
A. H. FERGUSON,'
Manager, Hong Kong, 3rd April, 1928.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO).
HEAD OFFICE:-Taipeh, Formosa,
Incorporated by Special Imperis! Charter, 1899.
Central Bank in Formona. Bank-Notes inated
Yen 45,000,000 Average amount ..
For the purpose of revenue it is proposed to float a 198 million yen National bond issue. The proposed bonds will include 107 million for railways (Colonial) which are treat- ed as separate accounts and not included in the National Budget:- Reuter.
OIL COMPANIES
APPROVAL OF THE PROPOSED EXPORT ASSOCIATION
New York, Yesterday. Twenty American petroleum com- panies have now approved. of the plan to form an export association, be provided that the detalls can worked out.-Reuter.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE
15, moschurch Btreat, London, E. Cs..
Authorised Capital
Kobe,
Subscribed Capital
Paid-up Capital
£3,000,000
1,800,090
1,060,000
Reserve Fund and rest. 1,584,840.
BRANCHES AND AGENCIES: JAPAN:-Tokyo, Yokohama,
Osaka. FORMOSA:-Qiran, Kagi, Karouko, Keelung, Makong, Nanto, Shin- Takao, chiku, Taichu, Tainan, Tameni, Toen, Heito, Taito. CHINA, Shanghat Hanhow, Amoy, Belatis Horak
Swatow, Canton.
DANERES:
The Bank of England & Midland Dank, Lid. BRANDHES:
Bangkok Hongkong
Bombay Calcutta Kandy
Kusi Lamput
Kuantan (Fabarg)
Madina
Itangoon Shaoghal B Bingapore Bourabaya
+
New York Pasang Kolshare Port Louls (Mauritius)
BONGKONG BRANCH.
OTHERS: Hong Kong, Singapore, Colombo Karachi
Sourabaya, Semarang, Batavia, Delhi Bombay, Calcutta, London, Now Galle York, Dairen.
LONDON BANKERS:
་
Every description of Banking and Exchange busi
3 tranencted, The London County Westminster and INTEREST allowed on Outros Ascounts and Pland Dapulta ni Notes that may be ascertained Parr's Bank.
on application.
D. L. U. BANDES, Queen's Blood Central, Hong Kong, ist Sepintber, 2920.
The Bank has Correspondents in the Commercial Centres in the European Coctineat, Bussis, Man charia, Tongan, Japas, Indo-Oklas, Bisma, India Failippine Inlanda, Save, Airion, Uišku, Austenika. Interest allowed on Current Accouste, and Pixad
pole in Yea ou be accepted.
+49
Maniger.
IN FRANCE: Comptoir National Deposits which will be dated appTHE BANK OF EAST ASIA, LTD.
d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Gradit Industriel et Commercial; Sociais Generals.
IN LONDON: The National Pro- vincial & Union Bank of England, Ltd.; Comptoir National d'Escompta de Paris; Credit Lyonnais.
IN NEW YORK; J. P. Morgan & Ca; French American Banking Cor poration; Guaranty Trust Co. of New
York.
Interest allowed on Current Accounte and Fixed Deposits according to arrangements.
Every description of Banking, and Exchange Business transacted. Safe Deposit Boxes to let
CH, LEM,
Manager,
Hong Kong, 28th August, 1923,
J. IHARA,
HONG KONG BRANCH:
Manager.
3, Des Voeux Road Central Hong Kong, 22nd September, 1927.
THE BANK OF CHINA. 行跟國中
(Epecially Authorised by Presidential Kandate of the Republic of China on the 22nd of November, 1817). Authorized Capital Paid-up Capital Rosary Fand
HEAD OFFICE: HONG KONG. 10, Des Vaux Road Central, Hong Kong Authorised Capital Paid-up Capital Reserve
$10,000,000 5,000,000 1,200,000
BRANCHES AND AGENCIES:- Batavia
Melbourne San Francisco Bombay Nagasaki Seattle Calcutta New York Canton Osaka
Haiphong Paris Honolulu $80,000,000.00 Kobe
18,278,600.00 Kowloon 9,629,495.24 London
"HEAD OFFICE: PEKING.
HONG KONG BRANCH: 4) Queen's Road Central. Branches and Sub-branches all over
THE YOKOHAMA SPECIE BANK, Culas and Correspondents in Europe,
LIMITED,
Established 1880.
#]
Capital (fully paid-up) Yeh 100,000,000 Reaarve fund..... Yen 102,500,000
Head Officer-YOKOHAMA.
Branches and Agencion at: Alexandria.".
Batavia. Bombay. *- Buenos: Ayres: ?
Calenta
Cantom Changchun.
Dairen (Dalny), Fengtion (Mukden).
Hamburg Hankow. Harbini
Newchwang. New York. Olaka.
Peking.
America, and other parts of the world. London Bankers:-The National Pro- vincial and Union Bank of England, Ltd.
The Guaranty. Trust Company of New York.
New York Bankers:-The Irving National Bank,
The Equitable Trust Company of New York.
tion,
Interest allowed on Current Accounts and Fixed Deposits. Tarms on applica=
Every description of Banking Fort- ness transacted
Loans granted on approved, securities. Special facilities for Home Ex-
SHOU J. CHEN,
Manager.
Rangoon. Rio de Janeiro.change.
Saigon.
San Francisco. Seattle, Semarang Shangha Shimonoset::
Honolulu.
Kai Yuen,
-Singapore. Sperabaya *Bydney.
Karachi
Tiantain.
Kobe.
Tokyo..
Los Angeles.
Londen
Teinenta. Tsingtau. Lyons.
Vladivostok. Yania. Nagasaki.
(Temporarily Nagoya
closed). Imperent allowed on Current Accounta Deposits received for fixed perioda as znies to be obtained on application
Hong Kong, 11th September 1928.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office Hong Kong.
Anikerland Caplist, (ILIK, Durenol), ...@11,000,000, Zad Up Dashni manisasian). 1,000,000
BRANCHES (
A, LONDON RANKIES pa
BUS CORRESPOND AFTE
Ja si prinsipil dales of four Wold.
Torijai smálags -mid-huling ghostname
Tab n/poly
LONE TRONG NHÀN
Hong Kong: 19th-Fobrukry, 195
Semarang
Singapore
Sourabaya Sydney Taipeh Tiontain
Peking Penang Rangoon Baigon- Tokyo
Manila Shanghai
Correspondents in all principal cities of the world.
Every description of Banidag and Exchange business transacted. Loans granted on approved securities,
SAFE DEPOSIT BOXES to let
KAN TONG PO,
Chief Manager. Hong Kong, 21st March, 1927.
FAREWELL
Shanghal, wherf
Bald goodbye" (Ah Fr
William Whiting, of Massachusetts, the new U.S. Secretary of Commerce, seated at his desk in the Department of Commerce in the nation's capital, where he will carry out the ideas of Mr. Herbor Hoover, the Republican Presidential nominee and former Secretary of Commerce.
MINING ROYALTIES
MR. F. A. SZARVASY AND
NATIONALISATION
CZECHO-SLOVAKIA
MARKED FINANCIAL
PROGRESS
A plea for the nationalisation of Dr. Englls, the Czecho-Slovak mining royalties was made by Mr, Minister of Finance, in introducing F. A. Szarvasy at a meeting of the his Budget for 1929 in the National shareholders of Amalgamated An- Assembly, said that the revenue thracites, Lid Lord Melchett's big amounted to 9,569,907,596 crowns, coal combine, which is to control 80 and the expenditure to 9,534,383,114 per cent, of the output of the South crowns, the credit surplus thus Wales anthracite coalfield.
amounting to 35,524,482 crowns (£216,620).
was of paramount importance to the Mr. Szaryday said the question
coal industry and it was to be ra- gretted that the Government had not taken a firm decision and acted on the matter..
The position of the country's finances, he continued; was con- tinually improving. The Czecho
one of the Slovak currency was most stable. The Treasury Note Debt had been decreased by a half, and the State debts were being re- duced each year by 500,000,000 debts had been consolidated, and crowns (£3,050,000). The pre-war Czecho-Slovakia was now indepen-
The State administration was
On demand
On Singapore On demand
On Manta
On demand.............. 98%
On Shanghai-
On demand
30 day's sight (private
paper).......
On demand
77%
On Yokohama—-
103
Gold Leaf, 100 fine
(per tael)
Sovereigns
(Bank's
buying rate)
9.60
Silver (per oz.)
26 11/16
Bar Silver in Hong
Kong
4% prem. Chinese Copper Cash nom.
Chinese Copper Cents 6% prem Rate of Native In-
terest
7% D.
Chinese Sub. Coin ... 30% die. Hong Kong Sub. Coln Par.
LONDON EXCHANGES.
London, Yesterday,
124.20 4.84 81/82
Paris
New York
Brussels
Geneva
Milan.
34.89
25.20
Amsterdam
12.09%
92
1
Berlin
20.36
Stockholm
18.15
Copenhagen
18.19
Oslo
18.19
Vienna
84.495
Prague
168
Helsingfors
192
Madrid
$0.125
107年日
Athens
874%
Bucharest
802
Río
5 29/82
Buenos Aires
47. 11/82
Bombay
Holiday
Shanghal
2/7/
2/0-%
Lisbon
Hong Kong
Yokohama
Silver Spot
1/11 3/16 26 11/16 Silver Forward..... 26 8/16
-British Wireless Service.
TO PRESERVE THE FIGURE
Several committees had already considered the problem, and had made recommendations mainly in the direction of nationalisation State purchase on fair and reason able terms, The Sankey Commis- sion had something in the neigh-dent of foreign credits. bourhood of £75,000,000 to $100,- placing annually at the disposal of and to ensure freedom from facial 000,000 in mind, and the Samuel the railways the sum of 800,000,000 pimples and blotches the occasional Commission a similar amount.
crowns free of Interest for construc- use of Pikettes is of great asiat- "To-day," continued Mr. Szarvasy, tive purposes. The industries were ance.
Gently yet surely Pinkettes cor- "there are something like 4,000 now working to the full extent of royalty owners and about £6,000,000 their capacity, and unemployment rect liver and intestinal inactivity, a year is gathered in by those had reached a minimum point. The thus removing the causes of flatul- owners by way of tribute on the trade balance was a credit, ono,, as fence, billous attacks, sick head- "Industry," "Jost to give you an idea also was the balance of payment, faches, unpleasant breath, of what that means, it is, roughly. The state of the money market con- chemists, everywhere.
the members of the W.O.T.U at the Y.WIG.A Hostess House of? who has been in active medical practice in China for the last 80 years the eve of her departure for the United States. Dr. Folk will not return to China
LAMMERT BROS.
AUCTIONEERS, APPRAISERS
AND SURVEYORS.
-Public Auctions
THE Undersigned have received
Auction"
Tinstructions to sell by Publie
ON
THURSDAY, 25th October, 1928, comméncing at 11 am.
at No. 8, Waverley Terrace (Kowloon Dock), Hunghom. A Quantity of VALUABLE HOUSEHOLD
FURNITURE
Comprising:-
Chesterfeld Couch and Chairs, Solid Oak Table and Cabinet, Water Colour, Pictures, Curtains, Ornaments, Sterling Silver Ware, Cut Glasses, Curios, Ceiling Fan, etc.,
Teak Bedstead with Box Mat- tresses, Teak Wardrobe with Bevel- led Mirrors, Dressing Tables, Chest of Drawers and House Linon, atc.
and One Solid Oak Dining Room Sulta (Extension Dining Table, Side- board, Dinner Waggon and Chairs).
On View from Wednesday, the 24th October, 1928.
Catalogues will be issued. Terms: Cash on Delivery.
LAMMERT BROS.,
Auctioneers.
Hong Kong, 19th Oct. 1928.
■HE`Undersigned have received
Tinstructions to sell by Public
Auction
ON
THURSDAY, 25th October, 1928, commencing at 2:30. p.m.,
at their Sales Room, Duddell Street.
A Large Quantity of VALUABLE HOUSEHOLD
FURNITURE.
Comprising:--
Tank Hatstand, Bookcases, Roll and Flat Top Desks, Wall Clocks, Looking Mirrors, Chesterfield Couch and Armchairs, Oil Paint- ings, Pictures, Victor Gramophones, Sewing Machine, York Combination Safe, Iron Safe, Curios, Carpets, Rugs, Curtains, Steel Filing Cabinet, Glass Cabinet, etc., ate.,、
Teak Dining Tables, Sideboards, Dinner Waggons, Dining Chairs, Dinner and Tea Crockery, Cutlery, Glass Ware, Enamel Sauce Pans, Ice Chests, etc., etc.,
Iron and Teak Bedsteads, Ward- robes with Bevelled Mirrors, Dress- ing Tables, Chests of Drawers, Marble Top Washstands, Chamber Stands, Commodes, Enamel Bath, Wash Basin, etc., etc.,
AND
A Quantity of
Fine Blackwood Furniture including:-
Joss Tablos, Curio Cabinets, Pedestals, Marble Top Round Tables, Chairs, Tea Poya, Oplum Stools, Piano Stool, etc., etc.
Also
One Carl Zeiss Binocular 8x24 In Leather Case
Catalogues will be sued,
On View from Wednesday, the 24th October, 1928.
Terms: Cash on Delivery,
LAMMERT BROS.,
Auctioneers.
Hong Kong, 19th Oct, 1928.
For a full report of the special Conference on the Chinese Cus toms Tariff'
THE
Of
Consult
CHINA
YEAK
THE CHINA
YEAR BOOK
1927-8.
Obtamable at:
KELLY & WALSH; LTD.,
HONG KONG
PRICE $15.00.
COUNT THE
MAILS"
See Pare