HONG KONG AND SHANGHAI
BANKING CORPORATION.
Amiborived Capital
Lawend and Pully Paid-up
Beseria Fonés S
Blog....$,000,000
Stiver.... -------------------- 14,000,000
$50,000,000 $20,000,000
Bamera Lieblity of Proprietors....$20,000,060
HRAD OFFICE, HONGKONG,
∙COURT OF DIRECTORS ——
N. S. Brown, Esq. Chairman,
W. H Bell, Esq. Deputy Chairman,
B. D. P. Faith, Eng.
6. Compton,
B. Landar Lowin, Eng. 0.0. 6. Machlo, Bra
ANOT
BANOROK DATAVIA
DOMBAY
CALCUTTA
·CANTON
CILEPO
COLOMBO
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
W. L. Faltenden, Baq. Special working capital Frs.50,000,000 T. E. Pero, Karj.
Reserves
J. A. Plummer, Esq.
J. P. Warren; 349,- Chiel Manager,
BRANCHES-
LONDON LYONS MALACCA
MANILA
MOCEDEN
KAGASAKI
NEW YORK
PEKING
PENANC
BAIGON
DAIBEN POOCHOW
RANGOON
BAIPHONG
HAMBURG
SAN FRANCISCO
JANKOW
SHANGHAI
HARBIN
BONGAKW
ILOILO
IPOH
JONORE
KOBE
KOWLOON
KUALA LUMPUR
SINGAPORA BOURABAYA
SUNGEI PATANI FIEXTSIN
TOKYO
TSINGTAO
YOKOHAMA
Qurrent Amount opened in Local Currency
Pired Depoalta Fooolred for one your or shorter periods. in Local Curranty and Bellag wo larma which will be quoted oa application Hong Kong, 15th Mtrek, 129.
HONG KONG SAVINGS BANK.
Tha Bunicean of the above Bank is conduct- URANG AND SHANGHAL BANKING CURTURATION. Kules may abtained on application.
A. C. BYNER
BRANCHES:
Frs.22,319,000
NEW YORK:-American
" ANGLO JAVAS”.
THE CHINA MAIL,
COMMERCE
CHAIRMAN'S VIEWS ON THE REAL COST PER POUND
ÍrÒSSIBILITIES OF HIGHER FRICE
ANDA FINANCE.
SHANGHAI'S LIGHT
TENDERS' "EFFECT UPON MUNI CIPAL DEBENTURES
A DISTINCT RISE
op.
Paris, Lyons, Marseilles, Saigon, |Ziphong, Hanoi Tourane, Quinhon Mr. AJ. Welch presided at the Nu further details were made public
Huc Thanh hot, Vinh, Pnom Penh.
annual meeting of the Anglo-Java yesterday (says the "N. C. Daily Peking, Shanghai. Tientsin, Hong Estates Ltd., which was held in the tenders for the purchase of the Muni- News" of March 21) regarding the Kong.
BANKERS:
office of Messrs. J. A. Wattie & Co. cipal Electricity Department, but there FRANCE: Societe Generale, Banque He was supported by Mr. W. Wakeford was general gratification that the Nationale de Credit, Banque de Cox and Mr. W. R. B. McBain, direc-offers had proved so large. Without Paris et des Pays Bas. LONDON:-Midland Bank, Ltd, tors Mr G. FShackleton, represent exaggeration this feature may be said
to have introduced a feeling of Exchange ing the secretaries, and shareholders timism in circles where the sugges
tion of the sale of the Department Irving Trust Co., Banca Commer-representing 67,386 shares.
In addressing the meeting the Chair- ciale Italiano.
had induced nothing but pessimism man said:
previously.
A very noteworthy, feature is the
Pending the an- cipal debentures. nouncement of the rice prospective purchasers were prepared to pay there was a distinct tendency for these to rise, and it is amotable fact that with- in three days six per cent. have jump- ed from 85 to 92. Further it was stated that while there were
SAN FRANCISCO:-Bank of Italy.
The report and accounts having been in your hands for the prescribed
Every description of Banking and period. I propose, with your permission effect the offers have had on muni- }
Manager.
Exchange Business Transacted. Cor- respondents throughout the world,
L. BERNIS,
Hong Kong, 3rd August, 1928.
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
to follow the usual procedure and to
take them as read.
The working accounts of the two Dutch companies combined show a total profit of guilders 300,467.57, as compared with guilders 934,616,47 last year or decrease of approximately 63 per cent. The chief reason for this large difference was the low
Drevailed for rubber thrource that buyers at the latter figure sellers were
in
the
asking 95,
year, the sales of the 1928 erop realis- American & Foreign Power Co. ing only 8% penes per he heavy drop published giving particulars
In ecnnection with the information as compared with 1/5,71 last year,
of the £3,000,000
names of tho in the price was
interested greaps, we compensated for, £4,000,000
however, to a certain extent by an in- are asked to
out that the the output "American & Power Com- ..£3,000,000 crease of 450,142 lb.
of rubber and further by a reduction in pany, Inc." includes the following Bri- the cost of production of 1.81 pence per tish Associates (participants with the aforementioned Company) who were represented at the meeting on March 19, by Mr. F. R. Davey
Agencies and Branches:
ALOE STAR
fly Stalon) АЙНІТВАН BANGKOK BATAVIA BOMBAY CALCUTTA CANTON
FOR THE HONOSONG L BANKING CORPORATION,
BANDHA}
Chief Managar.
Hong Kong. 18th September, X.
CAWNFORE CYRU
NEDERLANDSCHE HANDEL
MAATSCHAPPIJ.
(NETHERLANDS TRADING SOCIETY)
BANKERS.
Established 1824.
Hong Kong Uffice - Queen's Rond Centrni. Authorised Capital
Paid Up Capital
Hamrve Fund
Guildura 150,000,000-
(£13,000,000.)
Quildo 80,0EMİ, GOD!
(£8,606,870.)
Guildo 44,0MB,000- (£2,835,888.)
Hrad Ohine-(AMSTERDAM"). Erlet
Head Of:-BATATA,
BRANCHES:-Bandjermsala Bandoong) Bombay,
Sula, Chariku, Jedlab, Djerbor, Vickykata The Kobe, Bela-Baja, Makassar, Medan, Padang Palembang Pekalongan,
Pasing.
Pontiansky Bangion, Betterdam),
COLOMBO
DAIREN (Daing,
Seul Mençburia)
DELHI
HAIPHONG
KUALA LUMPUR KUCHING MADRAS
MANILA
MEDAN
NEW YORK PEKING
PENANG PESHAWAR RANGOON BAIGON SEMARANG SEREMBAN SHANGHAI BINGAPORE SOURABAYA TAIPINO
(R.M S..
HAMBURO
HANKOW
HARDIN
. Manchurin
TAVOT
HONG LONG
ILOILO
KARACHI
KLANG
KUALA KANGSAR
KOBL
Perak (7.1.5.)
TIENTSIN TOKYO
TONGKAT (Bhakti TSINGTAO
ТОКОНАМА
ZAMBOANGA
(Philippina Islands)
Foreign Exchange and
Banking business transacted.
Samang"), Bhanghai, Sibolga ----
Boerabad, (Bumatra Biospors,
The Subject of Costs Whilst on this subject of costs, I am becoming more and more of the opinion that it is a mistake to publish figures which purport to show the cost per lb. of producing the rubber but which, as I pointed out to you last year, only represent actually the bare out-of-pocket amortization
of lease-
holds,
depreciation, taxation, or Shang- hai expenses. If these items were in- cluded the real cost would be much nearer a shilling per lb. than five pence.
I do not think that there are any items in the accounts that require
special explanation. The cost of up- keeping the gardens was approximate-
Generally half what it was during 1927; this economy is almost entirely due to the
Current Accounts opened and Fixed fact that the green cover plants are
A. H. FERGUSON,
Manager, Hong Kong. 8th January, 1929.
Boerstacts (Salo), TagaT THE BANK OF TAIWAN, LTD.
and Weltevreden.")
*) Thoan ofona hava anda dapoult base to let
London__Angkorn :-National Provincial Bank Ind
Correspondenle all over the world
Banking babes, Dİ AYET description transacted.
0. STEENSTRA;.
Hong Kong, 2015 August, 1998,
Managar.
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
b
96, Boulevard Haussman, Paria.
Subscribed Capital Frs. 72,000,000,00 Paid-up Capital .Frs. 68,400,000.00 ....Frs.102,000,000,00
•Reserve Funds
BRANCHES:
- Bangkok Hanoi
Quinhon
Battambang Hong Kong Saigon
Cantho
Dijbouti
Meugtze Shanghai
› Canton Nam-Dinh Singapore
Noume Tientsin
Fort-Bayard Paperte Tourane
Haiphong - Peking Vinh
Hankow Prom-Penh Yunnanfu,
Pondicherry
BANKERS:
F. Dudley Docker.
Sir Harry Cassie Holden. Lazard Brothers.
Whitehall Electric Investmerits, Ltd. Whitehall Trust, Ltd.
N. Y. EXCHANGE
HIGHER RATE FOR "CALL MONEY"
HEAVY DECLINES
New York, Yesterday. The elevation of the call money rate
ning of one of the most disastrous of heavy decline in many months.
Many active stocks have lost five to thirteen points, and even first-class rails sales are slumping considerably, -Reuter's American Service.
Deposits received for 1 year or short-now firmly established and besides reto 14 per cent. has marked-the-begin- er periods at rates which will be qust-ducing the expenditure on weeding. they are, by enriching the soil, having ed on application.
the rate of a very marked effect
upon yield per acre.
Two"
hundred and thirty-six асте
the of area that was formerly planted with hemp on
Lim- Estate were planted bud-
with grafted rubber during
ring the year and, as all the hemp has been released
year that
hat the statistical position was then showing a steady improve- ment and, in spite of the slump in price that took place after the Gov- ernment made the announcement that restriction of the export of rubber would cease on November 1, 1928, this improvement continued throughout the year.
-(TAIWAN GINKO)
HEAD OFFICE:Taipeh, Formoss.
Incorporated by Special Imperial Charter, 1899.
Central Bank in Formosa, Bank-Notes issued
Average amount...Yen. 45,000,000
last
Tis. 210,990.00, which is a very satix- factory position.
That is all have to say, Gentle- men, but if no
you have any ques- tions to ask be pleased to answer to the of my ability be- fore, I formally propose the adoption of the report and accounts.
The Resolutions
No questions were asked, and the following resolutions were put to the meeting and passed-
(1) That the directors' report and statement of accounts for the year. ended December 31, 1928, as present- ed, be adopted and passed and that a dividend of 25 Candareens per share, be paid Proposed by Mr. Welch and seconded by Mr. Cox.
Many gloomy forecasts were made BRANCHES AND AGENCIES:
that the market would be glutted with JAPAN:-Tokyo, Yokohama, Kobe, rubber when large stocks held on es-
Osaka.
tates were released for export and that FORMOSA:—Ciran, Kagi, Karenko, probably rubber would become for a
Keelung, Makong. Nanto, Shin- period unsaleable. chiku, Taichu, Tainan, Takso, Fortunately, these forecasts proved Tamsui, Toen, Heito, Taito. fallacious and the surplus stocks have CHINA: Shanghai, Bankow, Amoy, been readily absorbed. Consumption
Forchow, Swatow, Canion.
in America during 1928 was on an OTHERS-Hong Kong, Singapore, unprecedented acule and shows every
Sperabaya, Semarang, Batavia, indication of being maintained A (2) That the directors be authorised Bombay, Calcutta, London, New considerable increase in consumption to donate the sum of Tla. 500, towards York, Dairen,
is also shown by the European and supply of comforts for the Foreign other markets. Taking all factors into troops how In Shanghai-Proposed by The London County Westminster and consideration, I can see no reason why Mr. Welch and seconded by Mr. Cox.
the present price should not be main- (3) That Mr. W. W. Cox be re- tained, and there are possibilities in elected a director of the company. the the situation that may lead to even Proposed by Mr. H. Kadoorie and higher prices before the end of the secondad
by Mr. C.
C. J. Stewart. (4) That the appointment of Sir Elly Kadoorie, K.B.E., as a director of company be confirmed. Proposed Mr. C. J. L. Stewart
LONDON BANKERS:
Parr'a Bank.
The Bank has Correspondents In the Commercial Centree in the European Continent, Rusia, Mas daaris Tsingish, Japan, Indo-China, Biam, India,
IN FRANCE: Comptoir National Philippine anda, Jara, Atria, U., Austral year.
the
d'Escompte de Paris; Credit Lyonnais;terest slowed Current Accounts, and Fised Banque de Paris et des Pays-Bas; Deposite at rates which will be quoted on applica point out to you that the estimated Mr. H. J. Clark and seconded by
Commertial;tion. Deposite Yen can be accepted
Credit Industriel
Societe Generale.
et
IN LONDON: The National Provin-
K. NAGURA,
cial & Union Bank of England, Ltd; HONG KONG BRANCH:
Comptoir National d'Escompte Paris; Credit Lyonnais.
de
IN NEW YORK: J. P. Morgan & Co. French American Banking Cor- poration; Guarenty Trust Co. of New York.
Interest allowed un Current Ac counts and Fixed Deposits according to arrangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let.
A. LECOT,
Manager.
Hong Kong, 28th Nov, 1928.
Manager.
3. Des Voeux Road Centrai, Hong Kong, 19th January, 1929.
THE BANK OF CHINA.
行銀國中
(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917),
Authorised Capital Paid-up Capital Reserve Fund
$60,000,000.00) 18,278,600.00) 9,629,425.24
HEAD OFFICE: PEKING.
HONG KONG BRANCH:
4. Queen's Road Central
the
In conclusion, Gentlemen, may
output of rubber for 1929 is 2,850,000 | by
b. and that if you pass the dividend now recommended, the companies will start the new year with a combined surplus of liquid assets amounting to
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
15, Gradchurch Street, London, E. C..
Authorised Capital
Subscribed Capital
Paid-up Capital
£8,000,000
1,800,000
1,050,000
Reserve Fund and rest. 1,584,848
BANKERS
The Bank, of England & Midland Bank, Ltd.
BRANCHES Bangkok Hongkong Kuala Lumpur Rangon Batoria Howrah Kusaian (Palang) Shangha Bombay Ipoh Madras. Calcutta Esady. New York
Pening Kota Bhars Fart Louis (Mainītija)
Branches and Sub-branches all over Colombo Rei
THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe, Delhi
LIMITED.
Established 1880.
Capital (fully paid-op) Yen 100,600,000 Reserve fund
.Yen 105,500,000
Head Office:-YOKOHAMA
Branches and Agencies at:
Newchwang
Alexandria
Hatavia mbay
Buenos Ayres
**Calcutta
Canton
Changchun
New York
Osaka
Peking
Rangoon Rio de Janeiro Saigon
Fairen (Dalny) San Francisco
Fengtien (Mukden) Seattle
Hamburg
Hankow
Herbi
Hour Kong
.. Honolulu
Kai Yoen Karechi
Koba
London Los Angeles Lyons + Manila
Nagasaki
Nagoya
Semarang
Shanghai
Shimonosekl Singapore Soerabaya Sydney -Tientsin Tokyo Tsinanfu
Tsingtan Vladivostok
(Temporarily
closed) Interest allowed on Current do- mounta.
Depozite received for fixed periods st rates to be obtained on application.
H. HORL
Manager. Hong Kong, 11th March, 1929.
HONOR
BRANOR.
قاهرة
America, and other parts of the world London Bankers: The National Provincial and Union Bank of England, Every {Ltd.
aose transasion of Banking sod Exchange boul- INTEREST allowed en Current Accounts and The Guaranty Trust Company of Fixed Deposits at fiates that may be ascertained New York,
on application | New York Bankers:-The Irving
National Bank.
The Equitable Trust Company of
New York.
Interest allowed on Current Ac- counts and Fixed Deposita. Terms ca application.
Every description of Banking Busi- ness transacted.
Loans granted on approver secur ities.
Special facilities for Home Ex- change.
SHOU J. CHEN,
C. L. 0..SANDES,
7. Queen's Road Central,
Hong Kong. Ist Boptember, 1923,
Manager.
THE BANK OF EAST ASIA, LTD.
HEAD. OFFICE: HONG KÒNG. 10, Des Voeux Road, Central, Hong Kong. Authorised Capital
$10,000,000- Paid-up Capital
6,000,000 1,500,000
Maneger.
Reserve
Batavia
BRANCHES AND AGENCIES:-~~
THE BANK OF CANTON, LTD. Bombay
Established 1912.
Head Ofice Hong Kong. Authorland Capital (H.E. Qurranty) -$1,000,000 Paid Up Caphed B.664200
650,000
Canton, Shanghai, Hankow, Bato, Bangkok H York and San Frangos,
LONDON BANKERS
Tha Lloyd's Bank Limited. CORRESPONDENTS
Is af principal cities of the World
Forslen wachange, and banking businna of a
ayy
very demeriton tranzached.
Depeal Bones (res)
Pentaf off from 15 to 240%
LOOK POONG SHAN,
Chief Manager Hong Kong, 19th February, 1927.
Melbourne San Francisco
Nagasaki Seattle
Calcutta New York Semarang Canton, Osaka Singapore.. Baiphong Paris Sourabaya Honolulu Peking Sydney Kobe
Penang
Taipeh Kowloon Rangoon Tientsin London Saigon Tokyo Maria Shanghai
Correspondents in all principal eitles of the world.
Every description of Banking and Exchange business transacted. Loans
ranted on approved securities.
SAFE DEPOSIT BOXES to let
KAN TONG PO,
Chief Manager, Hong Kong, 21st March, 1927.
(5) That Messrs. Lowe, Bingham & Matthews be re-elected auditors to the company-Proposed by Mr. R. Wood and seconded by Mr. I. J. Clark.
EXPERT
SERVICE
Phone C. 3193.
LANE, CRAWFORD'S GARAGE.
SPORTING GUNS AND ACCESSORIES.
GUNS: Greener, Webley & Scotta, B.SA, J. W. Needham & Raick Freres Air Rifles Revolvers. S. & W.-Rifle Accessories. Aper ture Sights Sporting requisites Cartridges to suit all bores. THE HONG KONG SPORTING ARMS AND AMMUNITION STORE
5-6, Beaconsfield Arcade."
Skin Sufferers
This
WEDNESDAY, MARCH 27, 1929.
Come in and hear this unusual Red Seal program
for MARCH
Two world-known symphony orchestras... four great operatic artists... a leading violinist... and an interesting recitation by a famous motion-picture star. Together with half a dozen popular songs by the headliners of the day. Visit us and enjoy these new
`releases soon!
Wiener Blut—Walzer
RED SEAL RECORDS
(Vienna Blood-Waltz) (Strauss) Frühlingsstimmen (Voices of Spring)
(Strauss) G
BOSTON SYMPHONY ORCHESTRA UNDER
THE DIRECTION OF SERGE KOUJBEYRZKY
No. 6903, 12-inch
Mignon Addio, Mignoni
Farewell, Mignon!) (Thomas) Mignon-Ah! Non crede vi tu
(Ah! Little Thought the Maid)
BENIAMING GIGLI
No. 6905, 12-inch Leonore Overture, No. 3-Part 1
Adagio (Beethoven, Op. 72) Leonore Overture, No. 3-Part 2
Allegro
ALFRED HERTZ AND
SAN FRANCISCO SYMPHONY ORCHESTRA
No. 6906, 12-Inch Lanca (Depres) Recitation Pinto Ben (Hart) Recitation
No. 9297, 12-inch
Makin' Whoopee!
1
WILLIAM S. HART
Leonore Overture, No. 3-Part 3
Allegro
Leonore Overture, No. 3-Part 4
ALFRED HERTZ AND
A
SAN FRANCISCO SYMPHONY ORCHESTRA
No. 6907, 12-inch
Caprice in E Flat Major.
Alla Saltarella) (Wieniawski-Kreisler)... Violin
Vocaliso (S. Rachmaninoff-Press)
MISCHA ELMANI
No. 1864, 10-inch The Blind Ploughman (Radrlyfe-Hall-Clarke)
Oh Could I But Express in Song
(Malashkin)
FEODOR CHALIAPIN No. 1365, 10-inch Rigoletto-Veglia o donna
y Guard This Tender Blossom) (zdi)
izoletto-Piangi, Fanciullo
Weep, My Chiẩ)
AMELITA GALLA-CUTCI – GIUSEPPE DE LUGA
No. 3051, 16-inch
POPULAR VOCAL RECORDS
(from the Ziegfeld production, Whoopee) Hungry Women
(from the Ziegfeld production, Whoopee)
EDDIE CANTOR
› No. 21831, 10-inch
Don't Be Like That Me and the Man in the Moon
HELEN KANE No. 21880, 10-inch Where the Shy Little Violeta Grow Sweethearts on Parade JOHNNY MARTIN No. 21820, 10-inch
Carolina Moon
I Wish I Red Died in My Cradle
Before I Grew Up To Love You).
GENE AUSTIN No. 21833, 10-inch My Tonia
from the Fox picture, In Old Arizona) Monna Vanna (Sweetheart Sublime)
LEWIS JAMES No. 21837, 10-inch When the World Is At Rest Ev'rybody Loves You
CHICK ENDOR ALLEN STANLEY-JOHNNY MARTIN
No. 21848, 10-inch
S. MOUTRIE & CO., LTD.
FRY'S
(Victor Distributors)
Chater Road.
CARTETS
CUBE BLOCK
Ask for
a
Cartet
CHOCOLATE
CHOCOLATE
FOUR KINDS
FRUIT & NUT CHOCOLATE_ Maroon Carter) Delicious plain checo-
crisp
late; mixed with juicy rolink and alads!
BELGRAVE CHOCOLATE (Red Carter) Perfectly plain, plainly perfect-o chocolat out of the onlinety.
VALENCIA CHOCOLATE (Orange Curtet)? Milk dincolate made even more delightfal with ftuiry ralstoj and choice almonds
MILK CHOCOLATE (Blue Curtes) Made with fresh milk from English farms.
Sole
Agents:
JOHN D.
HUTCHISON
& CO.
CUBE
BLOCK
Strength
"I am stronger than ever before. Though I never felt ill, the strain of work and the climate made me a bit tired. -Bur since taking Saw diogen my forces have much increased and I' enjoy my life at its full worth."
The value of Sanatozen for all men and women is not at all. surprising, for Sanatogen is a tonic, which, because of its ideal composition, “goes to the core of well-being, viz., the cells, and builds these up into a solid and permanent fabric of health,” as a well-known London physician says.
Try The Test SANATOGEN
A Pure Antiseptle Treatment
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Mening skin which mess to duty what!
To
Here
the asces, crusta, woechas, blemishes, al
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Sold at all Chemists and Stores.
ASK FOR
MONKEY
BRAND GUINNESS STOUT
and
BASS L. G. ALE
(Stones)
Stocked by All Dealers.
Sole Agents:
WAI ON TSEUNG, LTD., China Building, Tel C. 8813.