HONG KONG AND SHANGHAI BANKING CORPORATION,
Authorised Capital $50,000,000 Jerowd sad Fully Paid-up $20,000,000 Becerra Panda ––
Btarling Balver
,000,000 $14,000,000
Reserva Linbility of Proprietor $20,000,000
HEAD OFFICE: HONGKONG,
COUNT OF DIRECTORS -
N. B. Brown, Esq.
Chairman. 4
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, Paria.
Capital fally paid up. Frs.50,000,000 W. L. Pattenden, Eng Special working capital,Frs.50,000,000
Reserves
W. I. Bel, Ru, Deputy Chalczamiz,
3. D. P. Belit, Faq. A., Compton, Bug.
B. Landy Lewis, "Fay,
0. 4. 8. Mackis, Eng.
AMOY
BANGKOK
BATAVIA
BOMBAY
T. K. Pearce, kq.
2. A. Plummer, B.
J. P. Warren, H. Chist Manager, Hon. Mr. A. D, Hyns.
CALOUTTA
CANTON CHEFOO
COLOMBO
-DAIREN
.
FOOCHOW
HAIPHONG
HAMBURG
BANKOW
HARDIN
BONGREW
ILANG
ПРОД
JOHORE
KOBE
KOWLOON
DEANCHES:-
KUALA LUMPUR
LONDON
LYONS
MALACCA
MANILA MOULDEN NAGASARI
NEW YORK
⚫. TEXING
PENANG
➜RARGOON
• SALGON **
SAN FRANCISCO
SHANGHAL
SINGAPORE
SOURABAYA
SUNOEL PATANI FLENTSIN
TOKYO
TSINGTAO YOLUBANA
Current Accounts pound in Excel Curranoy and Fixed Depoalla Teoaived for one your er aborter periods in Local Currency and Berling on term which will be quoted on appostion. Hong Kong, 18 March, 1920.
Kong.
BRANCHES:
Frs.22,119.000
THE CHINA MAIL,
COMMERCE
GENERAL ELECTRIC.
FRESH SCHEME FOR NEW SHARE
ISSUE
BRITISH CONTROL ESSENTIAL
London, Thursday.
Paris, Lyons, Marseilles, Saigon,
In consequence of the American Haiphong, Hanol, Tourane, Quinhon,
protests Sir Hugo Hirst has formulat Huê, Thanh hoa, Vinh, Prom Penh.
Peking, Shanghai, Tientsin, Honged a fresh scheme for the issue of new shares, which was unfolded to the shareholders at to-day's meeting
The main feature was the offer of British shares to shareholders irres- pective of nationality or residence, the issue to be accompanied by renuncia tion letters and marketable the
BANKERS: FRANCE-Societe Generale, Banque Nationale de Credit, Banque de Paris et des Paya Baa. LONDON: Midland Bank, Ltd. NEW YORK:--Amoricar
Exchange
SAN FRANCISCO:-Bank of Italy..
Од
AND
FINANCE.
SHARE MARKET
"MORE CHEERFULNESS” DURING
THE WEEK
AN ELECTRIC COMBINE
Messrs. Benjamin and Potts' week- ly share report states:
2
There has been more cheerfulness períod in the local market during the under review, following an improved demand for several counters and this has resulted in the transaction of a fair
Prices, on volume of business: the whole, have not been affected to any extent and with the exception of Hong Kong Electrics and China Lights, Irving Trust Co., Barca Commer-Stock Exchange if shareholders desir which mark
rise, there is little ciale Italiana.
ed or, for nationality reasons, requir-change on the week. ed to dispose of their rights. The Banks: Hong Kong and Shanghai issuing house will also offer to re- Banks werg again negotiated at purchase shares from unqualified share- $1,245/1,250. The latest cabled quota-
The scheme was cabled on Cor- holders.
Tuesday to the members of the Com- mittee of American shareholders who are on the voyage to Britain but a reply has not been received.
Sir H. Hirst warmly defended the Board's policy.
He would not yield an iota of his belief that Brition con- trol was essential. He had been call- led a super-patriot (Sir H. Hirst was born in Germany), but the Board's action was dictated by sound business principles.-Reuter.
Every description of Banking and Exchange Business Transacted. respondents throughout the world.
L. BERNIS,
Manager, Hong Kong, 3rd August, 1928.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1853 HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund
HONG KONG SAVINGS BANK, Reserve Liability of Proprie
Busimets of the above Bautis conduct.
d by the HONGKONG AND SHANGHAL
BANKING CORPORATION. Juist may be
bimined on application.
FOR THE HONGKONG dat BANKING CORPORATION.
BHANGHAI
A. C. HINES,
Chief Manager.
Hong Kong, 1815 Beslembe. 1027,
NEDERLANDSCHE HANDEL
MAATSCHAPPIJ.
(NETHERLANDS TRADING BOCIETY)
BANKERS.
.£2,000,000 .£4,000,000
.$3,000,000
KUALA LUMPUR
KUDING
Agencies and Branches:
ALOR STAR
Ciplay States)
AMBITJAN
BASUKOH BATAVIA
CAMION CAWNPOBE CEBU
COLUMBO
DAREN (Dalby.
Sau Mataharia) DELU!
KALFHONG
(N. Mancheria)
HAMBURG
ΠΑΝΙΟΥ
HARBIE
LONG KONG
110110
IPOR
KARACHI
KLANG
ren's Brod Central.
KODE
KUALA KANGSAR
(3.6)
rablebed 1824.
Unba Kong Doe-
Guildare 180,000,000-
MADRAS
MANILA
MEDAN NEW YORK
PEKING
PENANG PERHAWAR KANGDON BAIGON
SEMARANG SEREMBAN BHANGHAI
SINDAPURE
BOURADATA TAIPING
TAVOY
MENTBIN
TOKYO
TONGKAI (Bkoksi) ΕΞΙΝΟΓΛΟ YOKOHAMA
ZAMBOANGA
(Philippine Islands)
History of the Dispute The following earlier cables explain the position:
London March 13,
tion from London is £181 sellers.
Marine, & Fire Insurances:-Unions were dealt in at $884 and $385, and close with buyers at $383. There are enquiries for Cantons at $695, China Fires at $290 and Hong Kong Fires at $762 ex the dividend of $43 just paid, but по shares are available.
Shipping: Hong Kong, Canton and Macao Steamboats have fallen away to $26. Douglas Steamships stand at a nominal-quotation of $36. Togs and Lighters have remained steady at $2.40.
Docks, Wharves had Godowns:- China Providents have buyers at $4.56 after transactions at this rate. Kow- toon Wharves are on offer at $120, and, Whampoa Docks at $37, Shang-
PIECE GOODS
ANOTHER BIG CO-OPERATIVE SCHEME
A LANCASHIRE MOVE
London, Yesterday. Encouraged by the success of the Eastern Textile Association, which has already sold half a million pieces of cloth in China agalist strong Japan- ete competition, another big co-opera- tive coheme among chippers for mar- keting Lancashire cotton goods abroad is on foot. It is proposed to specialise on lines of cloth hot competing with the existing Lancashire styles. Reu-
ter.
REPARATIONS.
CONFERENCE DRAGGING ON IN PARIS
PRESS IMPATIENT
Paris, Yesterday. The conference of Reparation ex- ports is dragging on and is no near- er agreeing to the amount which Cer many should pay.
It is understood. that the gap bet tween the German offer and the credi- tor Powers' demands is as wide as
ever,
The conference held a plenary ses- sion to-day but, in view of the holi days and the unsatisfactory position it adjourned for a week.
The Press is displaying impatience at the delay in the acttlement Res ter,
TRADE DELEGATION
HEARTILY WELCOMED BY MOSCOW MERCHANTS
Moscow, Thursday.
The British Commercial Delegation,
A meeting of the General Electric Company was held in London to con- sider special resolution for increasing hai Docks at Tls.117 and New En-whe are studying conditions in Rus the capital by the creation of 1,600,-gineerings at Tia.4.85 were placed at, sis, have arrived. They were met at 1000 new pound "British Ordinary" quotations. shares, not transferable to foreign- Landa, Hotels and Buildings:-Hong
Kong and Shanghai Hotels were realis Sir Hugo Hirst, presiding, regretted tates were taken off the market at
ed
at $9.10. Humphreys Es again that the resolution barring foreigners
ers.
had given umbrage in some quarters. $144. Hong Kong Lands are a shade. Shang- He said that, without the knowledge easier and were sold at $64. or assent of the directors, dealings inhai Lands are unchanged with buyers
shares the company's had suddenly at Tls.169. started in New
last year York
The
Public Utilities:-A strong and
sus. directors immediately took steps to tained demand for Hong Kong Elec prevent foreign control; nevertheless, trics has agath lifted the
price the purchases continued in the United materially, and after a fair businese States, raising the price of the shares dono at $54% up to $60 ax the divi- abnormally, and
more considerably
dend of $2.50 just paid the market than half the ordinary share capital closes with buyers at $58.
China wandered across the Atlantic. It was Lights have also been considerably Foreign Exchange and General
absolutely vital, apart altogether from dealt in at gradually improving prices Gistildeem 80,000,000-
Banking business transacted.. (,,b70.)
Current Accounts apened and Fixed the question of control, that the Eri- up to $14.10. It is rumoured that ar Fund
Guilder 40,000,000-
Electric (28,888,088,)
Deposits received for 1 year or short-tish character of the General Electric amalgamation of the two
is under preserved and its share Companies Company
negotiation. er periods at rates which will be quot holders be predominantly —Etomi Chison~~[AUGTERIAM') port. ———.
British.
remained Hong Kong Trams have Easter Head Off-BATAVIA
ed on application.
The resolution authorising the in- steady and deals were made in them BRANOKES:-Bajernania Bandoeng) Belar Calcutta, Cheeibon, Jeddah, Djumbot,
Star Ferries changed crease of capital was carried, with at $18/184. -Dick sharla) The Hagu Boba,
three dissentients.
hands at $384. Peak Trams havo. Kota Badia, Makassar, Medan, Pidg
Prono Palembang, Pekalongast
buyers at $124% and probably a little Pontian, Rangoon, Rotterdam
more would be paid. China Buses Bibale Shanghai, Singapore, Boarabala
closed appreciably higher at Tls.18.
Authorized Capital ...
Paid-up Capital
Bacaring
8
£19,000,000)
A.-H. FERGUSON,
Manager.
Hong Kong, 8th January, 1929.
Borkari (3010) THE BANK OF TAIWAN, LTD.
and Wellawradan.”) 'The clices have saiu dopćati Sozes so iss. London_Dealers-National Provinolal Bank Ltd.
Derrespondents all grat, the world Banking business of every description tabaced.
O. STEENSTRA
Hung Kang, With August, 1928.
BANQUE DE L'H
HEAD OFFICE:
Manage
CHINE,
96, Boulevard Hasman, Paris.
Subscribed Capital Fra. 72,000,000,00 Paid-Up Capit.... Fra. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00
BRANCHES:
(TAIWAN GINKO)
HEAD OFFICE:--Taipeh, Formosa, Incorporated by Special Imperial Charter, 1899.
Central Bank in. Formosa.. Bank Notes inued
Average amount... Yen. 45,000,000
KRANCHES AND AGENCIES: JAPAN: Tokyo, Yokohama,
Обака,
Kobe,
ita
be
The resolution confining the shares Britons was carried by a larga majority, after a stateraent on behalf of a Committee of American share- holders had been read declaring that the proposal to bar foreigners was a violation of the rights of all the stock- holders.
Washington, Mar. 18.
ined
Industrials: Green Island Cements (Combined) are enquired for at $8.55. Malabons are uncharged with buyers at $30.
Oils and Mining:-Benguets can be placed at $2 Kailans have reced. The State Department has declineded to .63/9. directly move in the General Elec- Cotton
were Mills:-Ewos
pus tric Company controversy, but has in-through at the outset at Tle.12.85 bar | structed the Embassy in London to have since eased off to Tis.12. watch developments and take any help- Shanghai Cottons are unchanged. ful action possible, informally,
Miscellaneous:-Watson's continue in It is learned that officials are of request at $14. opinion that American shareholders to appeal to the courts before
ing
Exchange: The TT rate on Lon. don to-day is 1/11% and on Shanghai 78%.
Forward Settlement Days:-April 29, May 28, and June 25.
RUBBER & TIN
SERIES OF FINAL AND INTERIM DIVIDENDS
FORMOSA: Giran, Kagi, Karenko, seeking Government intervention.
Keelung, Makong, Nanto, Shin- chiku, Taicha, Tainan, Takao,
The protest is against a new issuc Tamui, Toen, Heito, Taito.
of shares to be confined to British CHINA: Shanghai, Hankow, Amcy, shareholders. Sir Hugo Hirst, the
of the British chairman of Foochow Swatow, Canton.
General Elec tric Company, states that the protest Bangkok Hanoi
OTHERS: Hong Kong. Singapore, ri Quinhon Battambang Hong Kong Saigon
Soerabaya, Semarang, Batavia, of the American shareholders is being Mengtze Shanghai
Bombay Calcutta, London, New made under a complete misunderstand- York, Dairen.
The new issue is to Nam Dinh Singapore
is to the British blic
and Noumea
LONDON BANKERS:
not as apparently suppos- The London County Westminster and ed, exclusively to the British share-
Messrs. Carroll Bros. have been ad- holders of the G.B.C. No discrimina-vised of the following dividends on Parr's Bank.
tion is being practised and no pre- ference is being given to any class of rabber and mining shares:
Radolla. Sepang Valley Teluk Anson Kampong Kamunting
on Mines
Cantho
Canton
Dijboati
. Haiphong Hankow
Tientsin
Fart-Bayard Papeete Tourane
Paking Vinh Prom-Penh Yunnanfu Pondicherry
BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnals; Banque de Paris et des Fuys-Bas Credit Industriel et Commercial; Societe Generale.
The Bank has Correspondents in the Commercial Centres in the European Continens. Basa. Marsbareholders. shuris, Taloglan, Japan, Indo-China Baix, India, Philippine bands, Java, Africa, T... Ausini
Tarot allowed at Churras Accounts, and Fixed polis pirates which he goted on apples
K. NAGURA,
ماه
tion. Dapcall 12 Tên den be accepted
Maneger,
IN LONDON: The National Frovin- HONG KONG BRANCH: cial & Union Bank of England, Ltd.; 3. Des Voeux Road Central Comptoir National d'Escompte do Paris; Credit Lyonnals.
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration;-Guaranty Trust Co. of New
York.
Interest allowed on Current - counts and Fixed Deposits according to arrangements,
Every description of Banking and Exchange Business transected.
Safe Deposit Boxes -to-let..
• A. LECOT,
Manager.
Hong Kong, 28th Nov, 1928.
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
The recent announcement of the is- stated which has not yet been made) stated that the new shares would be styled “British Ordinary Shares" and would not be held by any foreigner or any Corporation controlled by for- eigners.]
LUMBER TARIFF
JAPAN INSISTS ON INCREASED TAX
Tokyo, Thursday, In spite of all attempts that the lumber imparters have made to date, the Government has decided to on- $60.000,000.00 force the increased lumber tariff on 18,278,600.00 April 1 simultaneously enforcing the
9,629,426.24 revised luxury tax-Reuter.
HEAD OFFICE: PEKING.
HONG KONG BRANCH:
4. Queen's Road Central. Branches and Sub-branches all over
THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe,
LIMITED.
¿
Established 1880.
Capital (fully paid-up) Yes 100,000,000 Yen 105,600,000 Reserve food
Head Ofice:-YOKOHAMA
Brancher and Agencies att Alexandlela
Newchwang New York
Batavia
Bombay
Buenas. Agrea
Calcutta
Canton
Changchun
'Dairen (Dalny)
Osaka
Peking Rangoon
Rio de Janeiro Saigon
San Francisco
Fengtiert (Mulden) Seattle
Hamburg
Hankow
Harbin
Hong Kong
Houo Mala
•Eg! Yuen
Karachi
Kobe
London
Los Angeles
Semarang Shanghal
Shinonoaeldi Singapore Soerabaya Sydney Tientsin Tokyo
Tsinanfu Tsingtan Vladivostok
Nagmaal lệ
(Temporarily Nagoya,
closed). Interest: wlawed on Current As-
Deposits received for fized perioda
at rains to he obtained on application.
H MORL wManager Hong Kong, 11th March, 1929,
THE MERCANTILE BANK OF
⠀⠀ INDIÀ, LTD.
HEAD OFFICE:
15, Grasschurch Street, London, B. C.,
Authorised Capital
Subscribed Capital
Paid-up Capital
.£3,000,000
1,800,000
1,000,000
Reserve Fund and rest. 1,584,846
BANKERS
The Bank of England & Midland Bank, Ltd.
BRANCHES
Amerien, and other parts of the world. London Bankers: The National Provincial and Union Bank of England, Ltd.
_The_Guaranty Trust Company of New York:
New York Bankers: The Irving Bangkek Bongtong Juske Lamper National Bank,
Kussian (Falang) The Equitable Trust Company of Bombay poh New York.
Galanta Kandy Calombo. Karanti Penang Interest allowed on Current Ac-Delhi counts and Fixed Deposits. Terms on Gal application.
Batavia Howla
Banguon Shangbai
Blugupore Spurabay
Bota Dháre Port Limiala (Manzitija)
KONGKONG BRANCH.
Every description of Kanking Busi-Every description of Banking and Bxchange bayi- ness transacted,
eziona Granato
INTEREST, allowed Churrent Account zanj. Loans granted on approved secur- Pized Deposits at Rates that, say be ascertained itles.
be application. -", Special facilities or Home E
0. L. O. SANDES, change,
7. "Queen's "Road Central,
Hong Kong, lat. September, 199
SHOU J. CHEN,
Manager,
THE BANK OF CANTON, LTD.
Established 1912,
منصة.
Head OfceHong Kong.
Authored Capital (HID) $11,000,00 Paló Up Oupišaltam Bars Fund
BRANORER
Zutton, Bhanghul, Hanków. Bangkok, New, Tork and - Ban LONDON BANKEES 1— + The Lloyd's Bank Lézolaad, COBKESPONDENTS
Is all principal elties of the World, who R
Deport Bow (acious fume) 1 1 2015
LOK PUONG THAN
Chief Manager
Hong Kong, 19th February
M Manager,
You have more, assurance by taking OUR GENUINE CHINESE MEDICINE & PILLS.
on Safe at:
SHING CHAF TONG DRUG STORE"
Established 189222 180, Queen's Road C. Tel. C. 1858.
ERAPION NO. 1 HERAPION NĚ.2 HERAPION No03
76% 7%%
10% Final 1/- 736%
6%
1/-
Idris Hydraulic Kuala Lumpur Tin Malayan Collieries... 17% Final & (5% bonus Bukit Kepong Rubber Eetates
the frontier by the Chairman of the Reception Committee, and welcomed here by the leading commercial body, and the Society for the promotion of entral relations with foreign coun- trics.
The delegation were housed in the three best hotels, and attended an evening reception in their honour.- Retter.
WE CLEAN
PARTY FROCKS
and all other Items of the dainty feminine ward- robe, with the same pains- taking care you'd quae yourself. Our charges are so reasonable it's really a great economy. Call on us.
THE STEAM LAUNDRY CO.
HEAD OFFICE & WORKS: Mongkok, Tel. K. 32. HONG KONG DEPOT:
16, Stanley St., TeL C. 1279. KOWLOON HOTEL DEPOT. PEAK HOTEL DEPOT.
HONG KONG HOTEL (Visitors
De only).
PENINSULA HOTEL (Visitors
only).
10%
Jelapang Tin Dredg., Ltd. Kandang Tin Dredg, Ltd. Larut Tin Fields Sunnyside Rubber Co., Ltd.
6d:
6d.
od.
Write or Phone for complete. Price List.
5%
Drink more good milk
"BEAR BRAND"
healthful because it's pure. It's pure because It is
unadulterated milk from the best cows. Made free from germs by Sterilization.
IDEAL FOR INFANTS AND INVALIDS!
Sole Agents for Hong Kong and South China: A. B. MOULDER & CO., LTD.
China Building, Hong Kong.
SATURDAY, MARCH 30, 1929.
FOOTEASE
PH.HOSIERY
FOOT EASE HOSIERY MILL.
HONG KONG OFFICE:
1st Floor, Bank of Canton Building,
Tel. C. 6450....
Hong Kong.
THE WHOLE FAMILY WILL ENJOY THE
MEATS.
SAUSAGES.
CAPONS.
PHEASANT.
SNIPE.
PIGEON.
TEAL DUCK & WILD DUCK.
from
THE DAIRY FARM
Always the same High Quality.
SKILLED WORK
DRY-CLEANING AND DYEING.
INTRODUCTORY OPENING RATES,
GREAT REDUCTIONS
A1 FINISH
PROMPT SERVIC
NEW DEPOT
32, Wyndham Street, (Glenealy Building).
SUN HOW WAH CO.
巧 新
'DRY-CLEANERS AND DYERS.
Established 1913.
495, Nathan Road (Yeumati). Tel. R. 621
232, Des Voeux Road C. Tel, C. 5 87 75, Queen's Road C. 32, Wyndham Street. Ho Tung Bldg., Queen's Road C.
Messrs. Komor & Komor's SPRING EXHIBITION
WATERCOLOURS
PASTELS
OILPAINTINGS
PICTURES
Commencing 2nd April
By foremost artists of Japan will be open from 9am to 5 pm.
for
10 DAYS ONLY
Prices ranging from two dollara upwards.
Come EARLY to have first choice.
KOMOR & KOMOR
Art and Curio Experts. St. George's. Building,