HONG KONG AND SHANGHAI BANKING CORPORATION.
Kavura Panda son
#wellng mSTRY.
£ 1,000,000
Bessera Liability, óf Proprietors $30,000,000.
HEAD OFFIORI HONGKONG.
COURT OF DIBKOTORA —
A. II. Compton, Log.
N. 8. Drown, Esq. Deputy Chairmani Hon. Mr. 1. D. F, Balth. W. Entienden, Hag. W. H. Bell, FL.
J. Flammer, Mag. Wan. Mr. O. G. E. Maskia.' T. O. Wood, Esq. K_P, White, Eng Chat Maingi Man, Mr. à. 0. Hydr
P. W. Mindsay, Magi
AVOI
BANGKOK BATAVIA SOMBAX CALOUTTA
CANTOM
COLOKNO
行銀商工法中
BANQUE FRANCO-CHINOISÉ pour le
Commerce et l'Industrià. (Incorporated in France).
Prinos's Bullding. Chater Road,
Hong Kong.
THE CHINA MAIL
COMMERCE
AND
FINANCE
CREDIT'S GOLD BASIS of large masses of people were
BIR JOSIAH STAMP'S VIEWS
INFLUENCE OF MONEY
HEAD OFFICE: 74, Rus BL. Lazare, Paris. Capital fully paid up. Fra.50,000,000 Bracial working capital..Fra.50,000,000
.Fri 22,919,00 Beseryos ni
BRANCHES:***** Paris, Lyons, Harnelles, Salgon Hiphon, Hanoi, Tourane, Quinion Huy hình bes, "Vinh, Phạm Tình
In one of the series of popular Peking, Shanghai, Tientsin, Hond Kong.
lectures arranged in connection BANKERS FRANCE: Societe Generale Banque with the British Association and the
Nationale de (Credit, Banque do
Workers' Educational Association Paris et des Pays Has LONDON: Midland Hank Ltd. MAHARK NEWYORK: America (Buat Glasgow Univeralty, Siz Josiah Irving Trunk Co.: Banca Commer Stamp spoks qu "The Influence of ciale Italian Fatareles ut
Money on Civilisation."
BRANCHES +'-
LONDON
LYONS MALACOA MANILA
KOUKDEN
PENANG
RANGOON BALOON
FERING
DAIREZ
PROCHOW
EIPHONG
HAMBURG
SAN FRANCISCO
&NKOW
ЗААМОПА
HABHIN'
SINGAPORE
домохая
HOLLO
SPOK
JUNIORE
KORAKOA.
BOUBABAYA
SUNGRI PATANI TIENTSIN
ΤΟΥΤΟ
TAIKOTAO
KUALA LUMPUR YOKOHAMA
Curb Account opened in Lost Chereeds ized, Depila・mosired for 200 TAKE akke parinda ka Loos Ournary sad kellen au verma which will be quoted on application. Hong Kong, 14k, Bapiomber, 192,
HONG KONG SAVINGS BANK.
'
The Burden of the abers Boch le sundmot
HOMIKOND AND CHANGEAL BANKING CORPORATION.. Busies may be abina po application.
FOR THE HONGKONG
BANKING CORPORATION..
ACHINES,
Hong Kong, 19th September, 2007,
t
BAN FRANCISC0:-Bank of Italy,
་
•
EXCHANGES.
TO-DAY'S QUOTATIONS,
Bankwire SSEN, DEK Bank, on demand... 2/3/16 Bank, 80 days" sight'. Bank, 4 monhts' sight 2/6 Credits: months'
sight
2/1 %
montha'
2/1.14
124714
4-months"
182214
On Faris On demand Credits sight
or
On Berlin demand
48%. On New York- On demand... Credits, 60 days sight 2014.
UpdaDAI
1381 188 YURDE
188
On Bombay Wire
On (demand
On Calgutta
Wire On demand
193
On Singapore
settled en bloc in the division of the product of industry, and what used Documentary
sight to be regarded as normal "economic forces were no longer left free to modify them they were the sub *fect of elaborate and difficult negotiations--and if a settlement did not "stay put" because of the change in gold values the disloca- tion could be put right ultimately only by reaction against dwindling real wages expressing itself, through industrial strife if gold became less valuable, on the one hand, and un- mployment, If it became more valu- able, on the othery 14 201
The Ratio Sir Josiah Stamp distinguished my monetary unit
The stability Every description of Banking and Exchange Business Transacted. Cor-three stages when civilisation had was therefore, the primary, or fun-On demand respondents" throughout the world.
takon on á distinct degree of com-damental problem of this stage of|
On Manila 884 plexity and interdependence of its civilisation, and international mone. On demand......... 98%
Otary science was being consciously, On Shanghal- parts with contingent advance or
if haltingly, evolved to accomplish On demand 4 77% dissolution, and he associated with Credit still acted pantographic. 80 day's sight (private each stage a development in the use ally in relation to gold, but the paper) of money. The mere substitution of pantograph was made of elastic, and On Yokohamaan o
1103/ sometimes could make a smaller and On demand. metallic money for other forms of sometimes a larger rendering of it. Gold Leaf, 100 Anr money, br for barter, made possible A nation had been able to work at (per tael) d slightly integrated society with one time quite satisfactorily upon a Sovereigns) (Back's
buying rate) divizion of
labour. It provided not
80 per cent. ratio of gold and then
26 11/16.. thon an 80 per cent. How, then, Silver (per oz.) merely the lubrication in froo ex- a strict determinant of the Volume Bar Silver in Hong
4% prem Kong change but a general store of pur was the quantity of gold any longer
easure of of purchasing power? A managed Chinese Copper Cash nom. chasing, power and a measure
standard of value, managed with a Chinese, Copper Cents 8% prem value roughly satisfactory for acgolden handle, was being evolved Rate of Native In-
↑terest .7% pa.. curacy, over the periods of time under our very eyes. The essential Chinese Sub Coin. 804% dis
both has problem was how long we could then actually involved.
Omske, gold, serve its old dual role Hong Kong Bub. Coln Par. In the second stage, with a rea-of setting the balance of trade and LONDON EXCHANGES.⠀ sonable, standard of life for large loan indebtedness between nations,
Hong Xoai
L. BERNIS,
Manager. Cor, 3rd August, 1928
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1868. HEAD OFFICE: LONDON, Paid-up Capital
Reserve Fund........ Reserve Liability of Proprie
tord
£8,000,000
*£28,000,000
Agencies and Branches:
ALUB STAR:
KUCHING
Malay Biale)
MADBIR
·AMRITSAR
T
MANILA,
MEDAN
ВАНЭКОК BATAVIA BOMBAT CALOUTTA
NEW TORE!
PERINO
SHANGHAI
Chiat Mange
PZNANO
DANTON
PROHAWAN
DAWNPORE CEBU
BANGOON
BAIDOTE
DOLOMBO.
BENARANG
DELHI
BEARSINAN
HAIPHONG
HAMBURG
HANKOW
SHANGHAI BINGAPORE BOUILABAYA
NEDERLANDSCHE HANDEL
MAATSCHAPPIJ.
(NETHERLANDS TRADING SOCIETY)
JAMKE,
Established 1894.
Heng Kong - Gossa's Boad Contrai.
Galider 150,000,000 (413,800,000.)
Anthem Cap Pud-Op Capital Guild
Smerte Fund 2019.
HARBIN (M. Mancha)
HỒNG HỒNG.
ILOILO
IPOH
KARAOK
BLANO
ZOED KOALA KAROBAR
Perak M.8*
KUALA LUMPUR
TAIPING
JEMS) TAVOY TIEN IN
TOKYO
TONGKAH (Bhukat!
THİNGT20:1117
YOKOHAMA
БАМНОДНОД
(Philippine Isleodaj
populations dependent upon on and on as the basis of allicredit in a particular country-and aiderable stores of capital in expen- the governor of a stable level of aive plant lasting a lifetime, and prices at the same time. The next large resources for accumulating decade would ses whether interna- capital'in consumable stacks, credit tipnal wisdom could and the theore
tical answer to the problem apply if in practice.
Foreign Exchange and General Bank- money became an important factor.
Guilder 60,000,000- * (42,183,18%) Heid Utos: AMSTERDAM"). East Head, Oloe :—BATAVIA BELHORES 1—Bindfarmasia - Bandoung') Bombay,
Calorie, Cheribon, didek, Di Hong Kong,
Djokikaria), Tha - Hague's "Zobe Kota Bekin, Makassar, Medan, Fažang
Pekalongın, Fra Pelaksan Pensanakangoon, Bollardam' » Samarang) Baanghai, Elboden
Blagspore, Boer Boneskatin - (Boka), Tegal, Tjilanjaj and, Wailercodal") | 'Then 'oibed bars 'sele depeuli bomas' si lán, Landen Banker ---National Provincial Bank LaB. Cortepondeate all over the world
་་
Kantor bezalnam of story
descripuan iranaRoled.
Q. STEENSTHA,
Hong Kong, ich Angual, 1998.
ཎྞ ། {
BANQUE DE L'INDO-CHINI.
HEAD OFFICE:
96, Boulevard Haussman, Paris. -
Subscribed Capital.. Frs. 72,000,000.00 Paid-Up Capital ...FEL. 88,400,000.00 Beatrve Funds, Fr.102,000,000.00
*BRANCHES: Bangkok Hano! Quinhon Battambang Hong Kong Salgon
Mengtze Shanghai
IN.
Cantors
Dijbont!
Singaporm Tiantain Tourano Vinh Prom-Penh Yunnanfu
: Nora Dinh Noumea
Port-Bayard Papeete
Haiphong Hankow
Pondicherry BANKERS:
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO), A“
HEAD OFFICE:Talpel, Formosa. Incorporated by Special Imperial
1899. Charter,
Paris New York
9.60
London, Yesterday,
124.20
4.85
Brussels
84.89
Genaya
26.20
Amsterdam
12.09%
and
Milan Berlin
92.60
20.36 ·
Stockholm
18.15
Copenhagen
18.19
Oslo
18.19
Vienna Prague
84.495
168
Helsingfors
192
Madrid Lisbon
80.125
107%
875
802%
5 29782
47.11/82
Holiday
ing business transacted,
Current Accounts opened and Fixed Boaring a close relation to actual The lecturer made a link between Deposita received for 1 year or shorter gold resources, credit had a reason-the ambition of rich men in the periods at rates which will be quoted able elasticity; hut the whole United. States with high taxation - on application, veternormido.
mechanism acted like a pantograph, in this sountryfe said that the A. H. FERGUSON,
so to speak a convenient way of excessive temptation to get wealthy Manager. 3rd April, 1028. mpitiplying the volume of gold. But through share appreciation there led to bull markets on holdings on Its imperfections as a measure of yalue over the larger practical out, brokers! loans with little regard to the income of stock. That created look were greater, though still not
an inflation problem, and increased generally obvious, set the rates for money that might -te! «Vactation of Unit make it impossible, for money, rates The third stage now opening out to be lowered in this country, lest before us was one in which large-the superior attractivefiese of New scale contractual relations of two Xork should tempt gold away; that kinds made an accurate, and con- might keep up the Bank-Fate, and sistent measure of value (akin in prevent expatision of Industry, constancy to the yard for length which might maintain unemploy or. the ton for weight) more essen-ment, which might keep up the dole tial: First, the transactions stretch- and therefore high taxation The
Times," edi over long periods of time, like 2. Osaka:: FORMOSA-Gran, Kag, Karenko, a half-century for war loans before Keelung, Makong, Nanto, Shin-maturity, the repayment of foreign chiku, Talchu, Tainan, Takao, debts over 60 years, or the payment Temani, Toon, Heito, Taito, CHINA Shanghal, Hankow, Amoy, of, reparation or long-term royal-
Foochow, Swatow, Canton,
ad! Central Bank in Formosa. Bank Notes issued
Average amount Yen 45,000,000
BRANCHES AND AGENCIES:
JAPAN:Tokyo, Yokohama, Kobe,
MP; & O. DIVIDEND ·!
welk d
Hee, and if the unit on which these showLondon, Yesterday.
The P. and O. Navigation Co. has declared a final dividend of 7 per ceat, making a total for the year of 12 per centReuter.
OTHERS: Hong Kong Singapore, were reckoned varied materially Sohrabaya, Semarang Batavia, over the period, extraordinary re- Bembay, Calcutta, London, New suits might ensue, ut te -... York, Dairon, a satengg
Provision, had been made for LONDON BANKERS: The London County Westminster and altering the annual money payment
PATT's Bank;
by Germany. if the value of money fallon pa
ނ
K. M. A whe
OUTPUT
The Bank has Correspondants in the Commercial in goods should change. Because Danicha 12 km Borogen Conilaert, Büscia, there was no such provision for war okuria, Telago, Japan, Indo-talna, Blam, Inda, Pallippina hade, Jays, Afrios, USA Almasin. Joan, the fall, in prices in gold) in Interset allowed on Ourrant, and Fixed the last four years had Incressed IN FRANCE: Comptoir National Deposit at mir which will be quoted on applion the real weight or worth of the The total output of the Adminis
ilon. Depot in Ten ons be sacepled. *'Escompte de Paris; Credit Lyonnaise De MARA,National Debt by over 1,000 milion ration's mines for the week ended Banque da Paris et des Pays-Bas; Grads Industriel et Commercialy Boclete te jesined the Manager. pounds and made it a much bigger Sept. 29, amounted to 51,189 tons, fraction" of wür" total resources.and the sales during the period to Gekerala
BUR HERON HONG KONG BRANCH: 2
Des Voeux Road Central
Secondly, the contractual relations 70.895 tons e a wond) foilA LONDON: The National Pro vincial & Union Bank of England, Ltd Hong Kong, 22nd September,, 1927.
AKTAMSTERD 11172
Thouparsi HT federal habbyxit optIT
West
fiferaft of planned odering og
Sheep
Comptoir National d'Elicompte Paris; Credit Lyonnais.
do
IN NEW YORK: 3. P. Morgan & Co.; French American Banking Cor
poration) Guaranty Trust Go of New York, metal buce
703
THE BANK OF CHINA.
行银國
Antadrised by Presidential
· Mandate of the Republic of China
tton the 2nd of November 181730. to
ant Accounti „Interest allowed on Current and Fixed Deposits according arrangétients, bruker 967
Etury (densription of Banking and Exchange. Eusiness transacted...
Bafe Deposit Boxes to bet.
OEL. LEMAY Delta 46 (Manager. -1-Hong Kong) 28th August, 1928.
THE TOKOHAMA SPECIE BANK,
HOANG PAG LIMITED wewe Bowling add dadi tontere,les +1 benen Establinkendi 1880. r.ead t
Capital (fully, paid-up) Yen 100,0 Reserve fund.
****** en 102,600,000
Head Ofles-YOKOHAMA,"
Branchen and Agencies uti Alankadria? Na TV Newchwang Batavia, Nady New Yorkie!' ta Bombayden en Osakaunu x1, Epers AJ Face Rangoon,
Peking
Come and Rio de Janait Chenkalíum!), ti Jesh Baikonurnen. Detyre (Delay)ald's San Francisco. Tungtian (Mukdenent citin Hamburg.
$60,000,000.00
doide solzer femurals adi Authorised, Capital Faid-up Capital Reserve Fund
18278,600,00 9,029,425.24
HEAD OFFICE: PEKINGA 50 mon
KTOR HONG KONG BRANCH: Alba [Pantang
4. Queen's Road Central
tudi sta Branch and Sub-Branches all over CHE Conrespondan taf In Europe, Anerki, 'wad other parts of the world. Hon detai
London Bankers The National Br
AZETY
La'.
OF ́ IMITATIONS BEWARE
Ancial and Union Bank of England,os' asten eller Tid
la tonadirdebab 08.
New Tak!! Te desgen alt att höste
Nock Bank
Compan
ving en wil isabel estad
jag, að vakts „falde nabyabited.
Jotaleth, nosi-sveit, we do
bi haberent flowed on Current Accounts and Food Deposits. Termas en myplica. Banking Bulls
Dean wissetid. Limi ~f Lounaszentedion a *rpcial facilities for Home Ex- changed oond g vi alt vontade
THE BANK OF CANTON, LTD
Borsalino
RUGKIR TAYVIOS T2A34 20OIDER
Athens Bucharest
Rio
Buenos Aires" Bombay Shanghit Hong Kong
Yokohama..
Saver Spot Silver Forward
2/ 2/0.1%
1/11 8/15
28 11/18 26-18/16
British Wireless Service.
WAN
!
THURSDAY, OCTOBER 25, 1928.
STHESISUZ
HONGKONG
NGKONG HOTEL, REPULSE BAY HOTEL;
FEAR HOTELĄŲ A
Telegraphic Address:KREMLIN, HONGKONG »
"ANDELINES
SHANGHAI
ASTOR HOUSE HOTEL; PALACE HOTEL, MAJESTIC) HOTEL Telegraphic Address: “CENTRAL, SHANGHAL”
HOTELS,
LIMITED.
In association with the Grand Hotel 'des Wagons Lite, Peking,
PATUT SIRATIEM
KING EDWARD HOTEL.
ERMOTROD JEW
Most Modern and Central Hotel in the Colony, all Bed Rooms, newly renovated and installed with Box Spring Beds, Hot and Cold Water, also Telephone, Hotel Launch meets all steamers.
TEA DANCES':
bh
Monday, Wednesday and Friday, 6 to 7 pm. Alish kanten af and we DINNER DÂNCÉS:
dud Tuesday and Saturday, 8 to 12 mn. ** Tel. Add Victoria." Telephone No. C. 878.
J. H. WITCHELL,
dodnes Manager.
Courtesy, Comfort, Service
toy god saks and Luxuries of Modern Hotel
Construction
J
11
THE HOTEL RIVIERA. MACAU.
"enbing Hall Cablo Address :-" RIVIERA, MACAU.”
بادی
RESPECTABLE MASSEURS.
MRORSHIMIDZU, MRE. 8. HONDA Recommended for many years by Government Civil Hospital, Peak Hospital, etc., and by all the local
doctors.
No. 24, Wyndham St. Tel 0,4945.
*TANG YUE, DENTIST
Successor to
the late!SIEŃ TING, 14, D'Agullar Street.
TERMS VERY MODERATE · Consultation Free
Awok' ynoif di wwcasQox
* DAILY CROSS WORD PUZZLE:
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(This cross-word puzzle has been made by an expert but our readers are warned to look but for occasional phonétio spellings, such as harbor, plow, and altho.)..........
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11th Sept
ORJA