2.
HONG KONG AND SHANGHAI BANKING CORPORATION,
1
Authorised Capital LEWISTON, $50,000,000 Ichuad and, Fully Paid-up $20,000,000 Reserve Funds—
—–Burkay—reguntas 5,000,000
Silver ................$14,000,000
flores Liability of Propriotole ..............20,000,000
HEAD OPPICE, HONGKONO.
COURT OF DIRECTONS :— A. 11. Compton, Esq. Chairman.
N.-B. Brown, Eng. Deputy Chairman.
Hon, Mr. B. D. Y. Tatth.
W. . Doll, Esq.
B. Xander fowl,"Pag
W. L. Patienten, Eeq.
J. A. Plummer. Esq.
T. Q. Well, Bay.
Hon. Mr. . . . Mackle. 1. D. WhiW, Esq.
AHOY.
BASUKOK
HATAVIA
Chief Manager,
Hon. Mr. A. C. Hynei.
ANANCHES-
LONDON
LYONS
MALACCA
MAKILA
MOUKDEN
KISA
ГРУНАКА
IMDAY
CALCUTTA
CASTOX
NAGASAKI
CHEFOO
NEW YORK
010320
DAIREN
FOOCHOW
UTANTOON
HAIPRONO
SAIN
HAMBURG
SAN FRANCISCO
JANKOW
SILANGIAJ
BARIES
SINGAPORE
HOSGREW
KBURADAYA
ILOILO
NUXUE PATANI
IPOH
TIENTSIN
KONE
KUAL
TOKYO
TSINGTAO YOROBAMA K
Current Accounts opened in Local Currenty and Find Deposits topuired for on your de shorter portada is Local Currosey and Borling uters which will be quoted on applicatio Elour Hàng mình Narsruler, 142
HONG KONG SAVINGS BANK.
The Busters of the store lauk in conduct. ad by the HONGKONG AND SHANGHAI BANKING CORPORATION, Bulo
psised on
lentius,
FOR THE 410NORONG
BANKING COMPORATION.
منا may
& HUANGHAI
CHINES.
Chief Manager.
Hong Kong, ib. Sapternbos, 1977.
NEDERLANDSCHE HANDEL
MAATSCHAPPIJ.
(NETHERLANDS TRADING SOCIETY)
BANKERS.
Establisbad 1821.
Hong Kong Ofici—11 Queen's Hoad Central.
Authorised Capital
Paid-Up Capital
Heat Fund
Quilars 150,000,000. (£12,500,000)
Guilders 80,000,000-
(£8.500.670.1 Guilders 10,000,000
(28,108,150,}
Wood One(AMSTERDAM”). Fastard fead ico-ATAVIA. ` LANCIA-Bodermis Baudoug) Benbay.
Ujokjakarta). The Dagua'}, Ru-Radja, tekutuar, Medan, Padang Talombang, Pekalongan, Feaug Poatiu auguen, Botterdam'is
Bünglini,
Boerabad kronli Singapore, Sorakarls (Sale), Tegal, Tilaljup and Welioridad.j
S
"These officer bare suld deposit boses to let London Bankers:-National Provincial Bank Ltd. Everongelants all are the world.
Banka busine of avery description transacted..
D. STEENSTNA,
Hong Kong, h August, 292).
Muonger.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard. Haussman, Foris, Subscribed Capital. Frs. 72,000,000.00) Paid-Up Capital ....Fra. 68,400,000.00)
Reserve Funds Frs,102,000,000.00
BRANCHES:
Quinhen
Hanoi Bangkok Battambang Hong Kong Saigon
Cr zp
Mengtze
Ca..on
Dijbouti
Shanghai Nam Dinh Singapora Nounica
Fort-Bayard Papecto ilaiphong • Peking
Tientsin
Tourano
Vinh Hankow Prom-Penh Yunnanfu
Pondicherry BANKERS: DANZ
行銀商工法中
BANQUE FRANCO - CHINOISE pour le
Commerce et l'Industrie (Incorporated in France).
Prince's Building Chater Road,
Hong Kong.
HEAD OFFICE:
74, Rue St. Lazare, Paris. Capital fully paid up Frs.50,000,000 Special working capital .Frs.50,800,000 .Frs 22,319,000 Reserves
BRANCHES:
THE BANKERS
ར་
EFFECT OF THE CURRENCY
ACT
GOLD MOVEMENTS
THE CHINA MAIL,
COMMERCE
AND
FINANCE.
that were drawn to take advan-
» Soup
WEDNESDAY, DECEMBER 19, 1928.
HONG KONG MARKET PRODUCE.
tage of the lower rates of discount] In this market in order to provide Beef Biriom funds to be employed in foreign] stack markets ought to be discour- nged. "Since the war the lower discount rate which, until recent- Paris, Lyons, Marseilles, Saigon,
ly, ruled in New York, in conjunc Jaiphong, Hanol, Tourano, Quinton,
tion with other factors, has had Huc Thanh hoa, Vinh, Thom Penh.
Peking, Shanghai, Tientsin, Hong "This year will be a memorable the tendency to divert some of the Kong.
one in the history of English bank-acceptance business from London BANKERS: FRANCE: Societe Generalo, Banque in as the year of the Currency to that elty, and I think it would Nationale de Credit, Banque de and Bunk Notes Act, said Mr. bo unfortunate if, by the creation Parja et des Pays Bas.
Frederick Hyde, joint managing of quasi-finance blils, the discount LONDON: Midland Bank, Ltd.
YORK-American Exchange director of the Midland Bank, Ltd., rate here were raised and the use NEW
Irving Trust Co., Banca Commer- delivering the inaugural presiden- of the bill on London, thereby res
tial address to the Institute of tricted. The hill performs a use- Bankers. The new Act is now in ful and even Indispensable func- tion in our financial, operations, operation.
Bankers would watch with keen and, in addition, affords a welcome interest the working of the Act source of profit to our accepting under the changed conditions of houses."
ciale Italiana.
SAN FRANCISCO-Bank of Italy.
Every description of Banking and Cor- Exchange Busiriess Transacted. respondents throughout the world.
L. BERNIS,
Manager. Hong Kong, 3rd August, 1928.
·
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
+
મ
Liver
Trips
•
APPROXIMATE RETAIL PRICES.
H
#9 28
Poultry.
20 35
Capons, Smail Capona, Large
DOVEL
Eggs, Ten (cooking)....
Eggs Hen (fresh)
Fowls, Canton
60
$1.20 -$1.30
Pigeons, Canton
Holhow
#
124
** SANRE #FADAZRZ
Fruits.
Dec. 14, Juno, June,
1928. 1018. 1914
Ct. Ct. Cts.
16
50 30
45 28
เป
50
23
13
40
22
each 80 $12
por doz. 30
18
N
94
26
70
86
45
30
45
24
each. 65
60
ib.
35 23 75
60 51
each
pair 2.40
each 25
85
ថ្ម តឌនឥឥ 1 ៖ ឌ៩៩ | | |, ||
Butcher Meat.
Doc. 14, June, Juno,
1928, 1918 1914.
Cta Cia. Cta.
牛站靶15.
25 24 12
Chickon
Prime Cus
12
#f
Corned
84
23. 12
и
Roast
28 24 12
Н
#
Breant
28 20 18
Duck
24
20 18
25
Steak
28
24. 22
Stoak Sirloin
40
#
Sausage...
40.26,
20
Bullock's Brains
For aet 18
M
Tangüe, ftech..
anch 86 FO
10 12
60
Fowls, Nainas
Geere
Tongue, corned
##
Head
20
++
Hoart
It
24
14
#
Hump, Bait
34
18
Turkeys, Cock Turkeys, He
*
Foot
15
ench 10
11
Kidneys
Snipe Pheasant
15
1F
tit
J
Tail
13
#
1b.
24 19
8
14
7
Quali Partridges
set $120 $1.00 $1,00
46
44
48
80.
27
Brains
N
Per net 8
Almomie Apples (California) Bananas (bride')
#
70
##
24
24
"P
Б
4
20
Feet
b. 15
Carambola
12
Fry
28
18
H
Cosoanuta
10 10
Fend
18
D
Lemona, China
1b. 12
25
п
Heart
each 15
10
Lemons (America)
Kidneys
18
"
Lichees, Dried
"
Livor
Ib. 48
24
20
Oranges (Canton)
# # # #
Pork Chop
新會甜醬
እ
10
Oranges
18
16
#
Log
86'
+
Penta (Canton)
*
'Loin
42
#
Pasputa
1
Fat or Lani..
26
Persimmons, Large
Sheep's Hand & Foet..
per net 90
70
Plantain
sach
11
Pumelo, Siam
弊
18
10
Walnuts
16.
帽
Livor
*
21
45
2x
Grapes
Sucking Figs, to order.
ib. 20
72
80
18
4B
25 14
60
20
32
28
Ler
1
Shotlder
FL
Soddle
р
**
RZEZS6AGEEBOKSERASAKET BABB=8QBSCESSEQNESA£58
+
***
the present time as compared with This being the fiftieth anniver- Calvan' Hand & Font: - 447 19 the trade boom immediately follow-sary-of-the-foundation of the la-Matton Chop ... ing the war, and would be able to stitute, the council has decided to form an opinion as to whether the commemorate the event by an "In- system which threw the whole stitute Prize" of £50, to be award- weight of gold movements, prob- ed annually, and to be compoted Pig's Cultlinga Incorporated by Royal Chater, 1853.ably of much greater magnitude for by members of the institute
HEAD OFFICE: 'LONDON.
than formerly, on to a relatively who are holders of certificates. .£3,000,000
£4,000,000 small proportion of the stock of gold held by the Bank of England ..£3,000,000 was the one best suited to the
Paid-up Capital Reserve Fund Reserva Liability of Propric-
Lors
Agencies, and Branches:
KUCHING ALOR STAR
MAUKAG
MANILA
talay Scales
AMRITGAN
BANGKOK BATAVIA HOMBAY CALCUTTA CANTON CAWNFORE CEBU COLORBO DELHI HAIFUONO HAMBURU HANKOW
(N. Kanchuria
BARDIN
HÙNG XUNG
320110
1101
KABAGI
KLANG
KOOK
KUALA HANGBAK
HEBAN NEW YONE PERINO PENANG PESHAWAR RANGOON- SAIGON HEMABAND. SEREMBAN SHANGHAI SINGAPORE BOURABAYA TAIPING
TAVOY
IN
TONGEA (Bhukai) TSINGTAO YOXGHANA ZAMBOANUA
(Philippins Islands)
Perak (...)
KUALA LUMPUR
and
Ganerai
Banking business transacted.
Foreign Exchange
country's needs. Discussing the Reichsbank President
present system-which will be con-
tinued under the Act-under which gold can be withdrawn for export, he said it was worth while con- sidering whether it was wise to lock up the major portion of our gold to meet an emergency which, in practice, would not occur, and. in doing so, support inconvenience of the unduly high rates that mightị have to be enforced to keep the remainder, which was unprotected, At a sufficiently high figure to maintain monfidence both at home and abroad.
A
"It cannot be doubted," he com- mented, "that a common standard Current Accounts opened and Fixed Deposits received for 1 year or short-of value is one of the
A. H. FERGUSON,
Manager Hong Kong, 3rd April, 1928.
first re- er periods at rates which will be quot-quisites for international trade, ed on application.
and I am convinced that in the conditions prevailing in the lead- ing commercial countries the god standard is the only practicable one. But however important in domestic and international trade a common standard of value may be, the smooth working of the credit machine is hardly less important."!
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.
Central Bank in Formosa. Bank-Notes issued
Bills of Exchange
ל
.
#
Hear!.....
Kidney.
Suet, Beef
M
Barbel
Breda...
Canton Freshb
Water Fish.
Carp
Catfish
Codfish
Crabs
Cuttle Fish
Dab
Dace
Dog Fish Dr. Hjälmar Schucht, President of Eels, Congor
who will head thei
*
German delegation, it was reported,
m on the preparatory commission for revision of reparations.
Mr. Hyde explained the part played in the crddit machine by bills of exchange, and how they the Reichsbank, Average amount. .... Yen. 45,000,000 were Instrumental in financing the foreign trade of the country. "The BRANCHES AND AGENCIES:
Yokohama, Kobe, bill drawn by the manufacturer on JAPAN: Tokyo.
Osakn!
the merchant, or by the merchant FORMOSA-Giran, Kagi. Karenko,
Keelung, Makong, Nante, Shin- on the retailer, is familiar to us chiku, Taichu, Tainan, Takao, all." he said, "but it is regrettable
that within Tamsui, Toen, Heito, Taito,
the last twenty or! CHINA-Shanghai, Hankow, Amoy, thirty years there has been a ten-
Forchow, Swatow, Canton..
dency for hills of this description OTHERS: Hong Kong, Singapore,
Soerabaya, Semarang, Batavia, to be replaced by book crédits Bombay, Calcutta, London, New granted by the sellers of goods to York, Dairen,
LONDON BANKERS:
The London County Westminster and Parr's Bank.
Fresh Water
Yellow'
Fraga
Garoupa
Gudgeon
Herringe
NATIONAL DEBT.
Halibut
Labrus
SOME CONVERSION PROBLEMS
Loach
Lobsters
Mackerel
Monk Flo
G
TRAR! EMRAASN | 9N8*ARASARIT
Alkukes isane, Sprog).
Land
Live Bool
ม
#each 14
3. R.
8 each 12
25
18
`14', 10
12
$
8
each 14 12
Ib.
22'
46
Vegetables, &c.
#each 12
lb.
Cabbage, Chinese ............. †
(Shanghai).
Cane Bhoots, bunch
Cauliflower (Large)
24
6
H
5
17
12
I
(Medium),
大椰梨花 each 20
(8mail)
中糊花
H
"
h
Carrots
lb.
$
&
Celery, Chinese
10
Chillies, Dried
# # +
PA
25
5
#1
10
16
8
11
Mutton
Veal
Sausages
Fish.
lb.
$2
16
Bitter, Squash
24
.20
省建淡
Brinjale, Green
30. 18
Red
32
.16
"
24
12
"
42
10
27'
34:
23
27 16
1
30
23
마
28
20
17
10
36
16
27
-10
46
20
60 32
"
05 40
28
22
Garle
26
18
28
18
82
22
76
22
24
45
32
20
20
.20
22
13
34
13
60 18
24
14
34 20
18
16
30
20
*
.80
86
26
96 - 45
*
45
10
20
10
ZI
24 13
#
81
22
70
86
T
ID
8
#
10 10 10
30
82
Shallota Spinach Tomatoes
14
40 20
85
Tarus
12
35 28
13 22
#
39 18
1.40
40
Water Cre Water Rons
er
Mr. D. M. Mason, chairman of their buyers, which in turn often involve unsecured advances by the executive committee of the Mallet bankers in place of discount fack- Sound Currency Association, tec Oysters
litics."
tured to the Chartered Accountant Parrot Fish-
Pico
Plaice
The Back Correspondania In the Commerciel Centres in the European Continent, Rouste, fan- Bills drawn to finance the pur-Students' Society at the Institute of Perch shuria, Tiingiso, Japan. Indo-China Bism. Yadia, Philippine Islanda, data. Afries, U.B.A., Austral, chase of goods in countries with Chartered Accountants on the con- IN FRANCE Comptoir National Interest allowed on Current Accounts, and Fixed a widely fluctuating rate of ex version of the National Debt. d'Escompte de Paris; Credit Lyonnais:Deposits at raton which will be quoted sa apples-change tended to remove' an old the gross liabilities of the State in i Pomfret, White
Banque de Paris et des Pays-Bas;
Industriel Credit
et Commercial; Societe Generale.
IN LONDON: The National Provin cial & Union Bank of England, Ltd.; Comptoir National, d'Escompte de Paris: Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co.; French Amorican Banking Cor- poration; Guaranty Trust Co. of New! York.
to. Deposita in Yen can be scorpiod.
J. HARA,
HONG KONG BRANCH:
3, Des Voeux Road Central.. Hong Kong, 22nd September, 1928.
Billa, however,
He said that the net decrease of Pomfret, Black ment of speculation in purchases, Manager. and, consequently, to encourage 1927-28 of £6,331,514 was a very Prawns
result, and was Ray unsatisfactory legitimate trade.
largely due to the wasteful and ex- Rock Flab travagant method of issuing stock Roach for conversion purposes at a large Balmon
In view of loanable| Shark 4. capital being comparatively dear. at Ekata the present time, he was opposed to Shrimps the practice of giving to the holders Snapper of the existing debt the right to Soles convert their holding into a long- Tench dated security on the present inter- Turbat
Kurties, ame}}, fr matei est basis.
THE BANK OF CHINA. 行銀國中
(Specially Authorised by Presidential Mandate of the Republic of China
Interest allowed on Current. Ac counts and. Fixed Deposita accordingan the 22nd of November, 1917).
to arrangements.
Authorised Capital.....$00.000,000.00 Every description of Banking and Paid-up Capital Exchange Business transacted,
Safe Deposit Boxes to let.
Hong
A. LECOT,
Manager.
Kong, 28th Nov, 1998.
LIMITED.
Reserve Fund
18,279,600.00 9,620,425.24
HEAD OFFICE: PEKING"
HONG KONG BRANCH:
4, Queen's Road Central Branches and Sub-branches all over,
THE MERCANTILE BANK OF discount.
INDIA, LTD.
HEAD OFFICE:
15. Gracechurch Street, Loudon, E. 0.8.
Authorised Capital
Subscribed Capital
Paid-up Capital
Reserve Fund and rest
.£3,000,000
1,800,000
1,050,000
1,584,840
The Bank of England & Midland Dank, Ltd.
DANKERS!
BRANCHEA
Dangkok Hongkong Batatin Howrah Bombay Ipoh Coleuste Kandy
Now York Penang Kola Bars Fort Louis (Mauritius)
HONGKONG DRAHOIL.
Kuala Lumpur
stail
China and Correspondenta in Europe, a THE YOKOHAMA SPEČIE BANK, America, and other parts of the world.
London Bankers: The National Every description of Banking and Exchanga boat Provincial and Union Bank of England, ne tra allowed on Current Accounts and Ltd.
The Guaranty Trust Company of Fixed Deposits at Bates that may be ascetiained
on application.
C. L. C, SANDES New York.
New York Bankors-The Irving, Queen's Road Central, National Bank.
Hong Roux. 1st Reptembar, 1928,
Established 1880. Capital (fully paid-up) Yen 100,000,000 Yen 102,500,000 Reserve fund
Head Office:-YOKOHAMA,
Branches and Agencies at:
Alexandria
Batavia
Bombay
Buenos AyroB
Calcutta
Canton
Changchun
Dairen (Dalny)
Nowchwang
New York
Osako
Peking Rangoon
Rio de Janeiro Saigan
San Francisco
Semarang Bhanghal
Fengtlen (Mukden) Seattle
Hamburg
Hankow
Harbin Hong Kong
- Honolulu
Kai Yuen
Karachi
Kobe London
Los Angeles
Lyons
Manila
Shimonoseki Singapore Soerabayn Sydney Tientsin Tokyo
Tainanfu Tsingtau Vladivostok
Temporarily
closed) Interest. allowed on Current Ac- counts.
Nagasaki Nagoya
Deposits received for fixed periods at rates to be obtained on application.
·EL: MORI,
Manager. Hong Kong, 11th September, 1928.
The Equitable Trust Company of New York,
Interest allowed on Current Ac-' counts and Fixed Deposits, Terms on application.
Next year and thereafter an op- occur for the portunity would
Rangoon KURnies (Pabang? Bharga Government to refund £2,086,173,- Sim! 688 of Five per Cent. War Loan at: Slog porn Rourabaya a lower rate of Interest. To enable this to be done'It was necessary to increase the supply of loanable capital, either through economy_in]; administration or through the pro- spority of trade. There was also the foreign money markets, and an Important contributing factor would be the declalons arrived at by the new Commission of experta for fixing the total amount of 'Gorman reparations. He hoped the capital
Manegar.
Every description of Banking Busi- THE BANK OF EAST ASIA, LTD. amount of these réparations would
ness transacted
HEAD OFFICE: HONG KONG.
be dixed, and some elasticity pro vided for the payment of annuities. It was advisable, apart from moral $10,000,000 considerations, that the amount
5,000,000 1,200,000 should be as low as practicable.
Loans granted, on approved accur 10, Des Voeux Road Control, ' Iitles.
Special facilities for Home Ex-Authorised Capital
Hong Kong. change.
Paid-Up Capital SHOU J, CHEN,
Manager. Reservo....
BRANCHES AND AGENCIES:- Batavia Melbourne San Francisco
Nagasaki Seattle Calcutta New York Semarang. Canton Ünská Singapore Haiphong Paris Sourabaya. Honolulu Poking
Sydney Kobe
Penang
Taipeh Kowloon
Rungoon, Tientsin. London Saigon
Tokyo Canton, Bhanghai Heukow Selow. | Manila" Shanghai
Correspondents in all principal cities
THE BANK OF CANTON, LTD. Bombay
Established 1912.
Head Offee-Hong Kong
Authorised Caplist (E.K, Ours003)-$11,006,000 Pald Up Captialis 0,601,300 Baner Fund; amestecenze
609,000 „DRANCHES ›--
Bangkok, New York and Bag Trancisco..
LONDON BANKERS'2'YA!
The lord Rabie Ideiled. CORRISPONDENTS-
In all palad pal nition of the World.
Foreign “amohange and bankdog bestows of, “erary Goworipilon - Jesussats Long
of the world. VAVARRA
Every, description of Banking and Exchange business transacted. Loan
31 | granted on," approved securities,
a
Usia Depodi Baza (yelous dies) at a paddy SAFE DEPOSIT BOXES to let.
LOOK POONG SHAN,tay SHKAN TONG PO,
Chief Manager, Belay
SHAREUPAYAAN Chief Manager. Hong Kong, 19th February, 1827. Hong Kong, 21st March, 1927.
LANE CRAWFORD'S
ARE OPEN TILL
6 P.M.
TO-DAY.
銘肚 冰
HAF-5000 me
*ESABTÚFRA:
KOUSASBREAGE VOERDECHERUD 4 #
1:6-8888 68XKASN GON.... &ETENKSMS5]R-SHER
70
Horseradish, Shanghai.”
·竹來角的心辶瓜榮榮廚花花花椒料 拉術節
**BER
FIREA
• Red
Groen
Curry Staff, English -- -
Cucumbers...
Ginger, Young
Old
Indian Corn
Lettuce Water Chestoute
Mushrooms, Frenb
·Okroes .... Onions, Rombay
Green Shanghai
Farsley
Potato, Sweet.....
1
| { } | ༅「[B:|g |2| |༄É།
** | - | | * * | | | | | | |* | | ***** | ® ] } ] • ] ;"'imma
8
B.
| ||
6
10
8
46
1
ま
*...55-ɑl««riuba pol!*...*.......
Mandarin K
1
10
8
# #
8
4
60
3
Japanese
Avierican
Rhubarb (Fresh)
Pumpkin
Radiah
Turnips, Punti (Lung)) Vegetable Marruse
E***te #366}
** **
Where 16 Died in a Factory Explosion
shell-fire devastation is the scene" résulting from an explosion in the factory of Preble Cop East Lynn, Mass Sixteen were killed, and 3 injured; The photo shows firemen
ruins for: bodies while the Are was still smouldering,
8
B