تسرا
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Capital
Jesued and Fully Tald-up
Xtra Fundame
Stella000,000
---------1-4,000,000
$50,000, DON $23,000,000
Herr Liability of Proprietors 22,000,000
HEAD OFFICE: HONGKONG.
COURT OF DIRECTORS:--
N. 8 Iowa, Zaq.
Chairman
W. H. Bell, Eng. Deputy Chairman,
Tion. Mr. B. D. F. Beith.
4. H. Compson, Rey, M. T. Jelinsan, Esq.
B. Lander Tawit. Eng.
AMOT
BANGKOK
BATAVIA #MBAY
SALCUTTA
JAYTON
CUCKOO
COLUMBU DAIREN
YU CHOW
W. J. Pattenden,
T. Paaren, Esq.
1. A. Plammət, Esq. J. P. Warren, 5.
Chief Maung,
B. Mr. A. . .
RALPHONG HAMBURG HANKOW
HARK
HCNDREW
ILILO
IPON
JOHORE
ΚΟΕΣ
KOWLOON
BRANCHES-
·KGALA LUNAY®RAJA
LONDON LYONS
MALACCA
MANILA
MOUKDEN
NAGASAKI
NEW YORK
KING PENANO
RANGOON
BATUO
SAN FRANCISCO
MILANGUA
SINGAPORE
SOCHABAYA SUNURI PATANI TIESTAIN
TOKYO TSING FAO YOBUIANA
Current Ante opened la Local Durray nod Fixed Depoles esived for neue 2032 or wharter periods in bo Currepay and Harding cataro which will be qualed on application Hong Kong,th April, joke.
HONG KONG SAVINGS BANK.
The Busines of the above Bank is conducte af by the LONUKONG AND SHANGHAI IDA? be
SANKING CORPORATION. Kelas
obtained on application.
FOR THE HONGKONG
BANKING CORPORATION.
巋 SHANGMAI
Chief Monger.
A. 0. DYNES,
Hong Kong, 18th September, 3927.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
[NETHERLANDD TRADING SOCIETY)
BANKERS
-Established 134.
Hong Kong Giờu :—1! Queen's Bood Central Authorised Capital
Paid-up Capital
Bore Foad
Quilar 150,000,000-
(12,600,000.)
Guilds 80,008,000-
(£0,008,067) Guilders 40,000,000- (48,628.227.)
·行銀商工班中
BANQUE FRANCO - CHINOISE pour le
Commerce et l'Industrie (Incorporated in France).
Prince's Bailding, Chater Road, Hong Kong.
HEAD-OFFICE:
..
74, Rue St. Lazare, Paris.
Capital fully paid up..Fre.50,000,000 Special working capital Frs.50,000,000
.Fr8.22,819,000) Reserves
BRANCHES:
Paria, Lyons, Marseillea, Saigon, Haiphong, Hanoi, Tourane Quinhon Hue, Thanh hoa, Vinh, Phom Penh.
Poking, Shanghai, Tientsin, Hong Kong.
BANKERS:
FRANCE:Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays. Bag, LONDON: Midland Bank, Ltd. NEW YORK:-American
Irving Trust Co., Banen Commer- ciale Italiana.
SAN FRANCISCO:--Bank of Italy.
Cor-
Every description of Banking and Excharge 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, 1858. HEAD OFFICE: LONDON.
£3,000,000 Paid-up Capital Reserve Fund Reserve Liability of Proprie.
tors
£4,000,000
.....£,000,000
THE "SUN LIFE"
ASSURANCES IN FORCE NEARING £400,000,000
LARGE EXPANSION
THE CHINA MAIL,
COMMERCE
the Sun The annual meeting of Life Assurance Co. of Canada was held recently in Montreal.
AND
FINANCE.
too conservative; if so, that is a criticism
Our We
endure. must
un- safety margins may perhaps be necessarily large, but safety must be our paramount consideration; and if, as we confidently anticipate, the mar gina prove not to be required, they will in time be available for distribu- Από tion among our policyholders. what possibilities for our policyhold- ers do those margins represent!\ Policyholders' Profits Again Increased
There is no department of a com- er study and investigation than the Pany's business which deserves clos investments of its funds. No other department will give such a generous. return or the attent a devoted to it. its investments that our It is to company owes its impregnable posi- tion, and the magnitude of the profits in which
rejoice. our policyholders Many years ago I expressed the hope that I would be able to announce an increased scale of profits every year for at least 10 years. We new make that an..cement for the ninth auc- cessive year, and I certainly cannot say that I expect the increases to stop with even the tenth announce- mont. And, in addition to these pro- fita, we now have as a permanent Feature the system of maturity bonuses described in the report.
Service to Beneficiaries
Mr. T. D. Macaulay (the president), in the course of the address, said: It is a gerat pleasure to move the adoption of this report. for the re- is a remarkable it seta forth Exchange one.
A mere statement of the increases over the figures of the previous year In revenue the in- is impressive.
in crease is $9,336,757:
ass. £18,010,854; in surplus, £1,881,774; in new assurances, £23,195,552; and in A Com- total in force, $84,925,737.
with total business equal to Dany
& large these increases would be
It is but and powerful institution.
we rejoiced at three years since passing the milestone of £200,000,000 of assurance in force, and yet already we are nearing 4430,000,000 while at nur.
exceed assets moment this £100,000,000. But there
is another feature even Ad- more striking and important.
This maturity bonus has an import- Vance figures indicata that the in-
ant bearing m another direction. It crease over the previous year in the new business written by the combin. Is a sad fact that too often the fore- rica sight of a husband or father is nea of North America ed life companies of
tralised by the loss of the assurance 8 per cent, and was approximately
funds through bad investments. The the increase in tac combined total in
problem of how to invest sach sums eont. per force approximately 9
must often be perplexing, and the in- let me Against these percentages
experience of many widows and exe- place the figures of the Sun Life, of
cutors accentuates the hazard of loss. Canada: Our new assurance increas
It is clear that the life assurance service of ed 34 per cent. while our total in
render a companies can force increased 27 per cent.
irestimate value by providing a further emphasise the I need not rapid expansion
of our business. It safe, convenient and profitable means of investing the funds which may be- continuation though in but
coms payable either by death or by normal accelerating degree, of our
the maturity of endowment policies. condition
That the company is ex- traordinarily popular with the inaur. It is equally clear that our company is in an unusually favourable position ing public
But people to render that sorries. is evident
We therefore will hardly show so pronounced a pre-
to leave ali That reason
encourage beneficiaries ference without reason.
On such unquestionably is the great strength or part of the sums assured on more
or less permanent deposit. of the company, and its unusual pro-
amounts we pay a guaranteed rate of The earnings an- fit-earning. power.
interest of 32 per cent, and in ad- nounced in the report are slightly in
dition grant participation in the in- excess of £8,200,000; but it is clear-
vestment profits at the same rate as we allow on our
our policy reserves when
од the profits intimated that had we desired to do so we could have taken eredit for
According to our present policy. policies. inuch larger amount. We, however, calculating the follow our igual conservative
our minds seale, these profits raise the We always have before our
return to 5 per cent. for the first A. H. FERGUSON, possibility of a business deprese years, and by gradual increases
Agencies and Branches:
EUALA LUMPUR KUCHING MADHAN
ALÁR STAX
(Malay States!
ABHITSAR
BANGKOR BATAVIA JOSIPAY
CALDUTTA
GANTON
CAWN POLK GEDU
COLOMBO DAIREN (Daley,"
South Havehuria) DELEL
HAIPHONG
HAMBURG
HANKOW
11ARBIN
18. suckurin
HỒNG KONG
1EXH10
JPOW
KABACILL
KANG
ΚΟΒΣ
KUALA KANGSAR
Perak M.8.
MANILA
NEDAN
NEW YORK
PEKING
PENANG PESHAWAR RANGOON SAIGON
SEMARANG
SEREMBAN SHANGHAI BINGAPORE SOURABAYA TAIPING
(F.MS.
TAVOX
TIENTSIN TOKYO
TOKORAN (Balak)
THIMOTAO
YOKOHAMA
ZAMBOANGA
(Philippine Islands)
General xx Foreign Exchange Banking, business transacted.
Current Accounts opened and Fixed Deposits received for 1 year or short ex periods at rates which will be quota Bandoang) Bombed on application Calcutta, Cheribon, Djumber, Diok jakarta) The Lingue'). Jidda, Kabu, Kota-Radja, Makar, Medan, Padang Palembang,
Iaid Office:-(AMSTERDAM"), Esalar Head Of:-BATAVIA. BRANCUES:-Buljarasan
Pekalongardam
Pontianak, Bangon
Kamarang, Baughed,
Penang,
Bfbopm
(Burnet) bingupora, Booralala,
Manager. Hong Kong, 8th January, 1929.
Borsaris (Solo) Taga, TN THE BANK OF TAIWAN,
and Weltevreden.
Ime of kura naša deponit borne te los. Latex Brokers-National Provincial Bank LM.
Correspondence all over the world
Banking basiness of recy description transected.
P. M. ELUERO
Bong Kong, 6th May. 1929.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
8, Boulevard Haussman, Paris.
Subscribed Capital ..Fre. 72,000,000.00 Paid-Up Capital....Frs. 68,400,000.00 Reserve Funds ....Frs. 102,000,000,00 BRANCHES: Bangkok Hong Kong Quinhen
Saigon Battambang Hue
Mengtze Shanghai Nam-Dinh Singapore
Thanhoa
Caathe
Canton
Dijbouti
Noumea
Fort-Bayard Papeete
Peking
Hankow
Tientsin Tourans Pnama-Penh Vinh
Dianol
(TAIWAN GINKO)
the
which might occasion heavy sion, Wh
of all market values shrinkage in
Mortgage secur- classes of securities.
time become that fact is LTD.ities may at such s totally unsaleable, but not patent; while every fluctuation in the prices at which stocks and bonds can be turned into immediate cash is quoted on the Stock Exchange.
HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.
LONDON BANKERS:
current
to per cent. after the twentieth year. Of course, we cannot promise that these rates will continue inde- finitely but our large present carn- ings, and our great undivided surplus and protective margins, are, shail I say, at least encouraging.
new
Pray
There is much in those passed, but substantially increased;
that the mean
report are ap-
-ue
And now we introduce the maturity bonas, which after operating to in- "crease the amount payable to the beneficiary at the death of the assur- ed, immediately begins to operate policy, in con- again, as with a nection
money left on de- with the money nocic In
this
the beneficiary posit. can obtain a very satisfactory rate of interest during life, with the know- capital sam will be on to his or her heirs, not un- subject only to the condition of aur- viving ten years. This certainly makes a very attractive investment; and we earnestly hope that this "ex- tension of our service will relieve many widows and orphans of worry, and protect them from the danger of loss.
A Company With a Soul But there are other features to which my mind reverts with pleasure. One of the most delightful comph- ments I eve received was once in- troduced to an audience as the pre- sident of a corporation that had a
Securities Heavily Undervalued I have decided to take our policy in the Central Bank in Formosa.
holders into our confidence Bank-Notes issued
most complete way, so that they may ....Yen. 45,000,000 realise how fully our directors have Average amount ...
provided against any contingency of BRANCHES AND AGENCIES:
this kind. You will notice that we JAPAN:-Tokyo, Yokchama, Kobe,
say that the values quoted are these Osaka.
For lower." FORMOSA:-Giran, Kagi, Karenko, given by the Government Department ledge that the
Keelung, Nakeng, Nanta, Shin-
They two words. chiku. Taichu, Tainan, Takad values given in the Tamaui, Toen, Heito, Taito. CHINA: Shanghai, Hankow, Amoy, proximately £13,000,000 less than the
actual current values of those secur Foochow, Swatow, Canton,
ities on the exchange. Then we have OTHERS: Hong Kong, Singapore,
Semarang,. Batavia, the additional deduction from market Scerabaya. Bombay, Calcutta, London, New values of over £4,000,000 referred to in the report, and also the special 100 900, York, Dairen
contingency reserve of £2,500,000. The London County Westminster and These items total $19,500,000 and our
Parr's Bank.
unlisted assets and other margins This means that the market values The Bank line Correspondents in the Commercialise the amount to over £20,000,000. Centres in the European Coutinent, Essin, Ma bur Teirgtas, Jepat, Indo-Chins, Shm, India of our securities could shrink by over IN FRANCE: Comptoir National Philippins Islande, Java, Airia, 3.8.A., Australia, £20,000,000 without reducing our sur- Such a shrink- d'Escompte de Paris; Credit Lyonnais; ate.
if much Banque de Faris et des Pays-Bas Interes allowed to Current Acomate, and Bized plus by one pound.
Commercial: Deposits at ratas #list will be quoted on applies age is, of course, almost inconceiv-
able. I indeed doubt very mue Credit Industriel
K. NAGURA, even the catastrophs of another world Societe Generale.
drastic a de- Manager. war conid produce 90
pression. Supposing it did, we would
intact still have
our undivided sur- We are plus of over £11,000,000. hardly likely, I think, to be criticls- ed for lack of conservatism. I do not know any other financial corpora- tion which has its assets so effective ly protected. I imagine we are more likely to be told that we have been
Haiphong
Pondicherry Yunnanfu
BANKERS:
et
IN LONDON: The National Provin-
lien. Deppelts in Yea can be socepted
cial & Union Bank of England, Ltd.; HONG KONG BRANCH: Comptoir National d'Escompte Paria; Credit Lyonnals.
de
IN NEW YORK: 7. P. Morgan & Co.: French American Banking Gor- poration; Guaranty Trust Co. of New York.
3, Des Voeux Road Central. Hong Kong, 19th January, 1929.
THE BANK OF CHINA. 行銀國中
Interest allowed on Current Ac-(Specially Authorised by Presidential
counts and Fixed Deposits according
to arrangements.
Every description of Banking and Exchange Business transacted,
Safe Deposit Boxes to let
A. LECOT,
Mandate of the Republic of China
on the 22nd of November, 1917).
Authorised Capital
Paid-up Capital
Reserve Fund
Manager.
Hong Kong, 1st May, 1929.
$00,000,000.00
18,278,600.00 9,892 425.24
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) Yen 100,000,000 Reserve fund
........Yes 105,500,000
Head Office:-YOKOHAMA.
Branches and Agencies at:
Alexandria
Batavia
Fombay
Newchwang
Caloutta
Canton
Changchun
New. York Osaka Peking Rangoon Rio de Janeiro Saigon
Buenos Ayres
Dziren (Dalny) San Francisco
Fengtien (Mukden) Seattle
Hamburg
Hankow
Harbin
Hong Kong Honolulu
Kai Fuen
Karachi
Kobe
London
Los Angeles Lyons Manila
Semarang
Shanghai
Shimonoseki
Singapore Soerabaya
Sydney Tientsin
Tokyo
Tsinantu
Tsingtau Vladivostok
(Temporarily
closed)
Nagasaki Nagoya
Interest allowed on Current. Ac- Deposits received for fred period
at rates to be obtained on application.
H. MORI,
Manager.
Hong Kong, 11th March, 1929.
America, 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 National Bank
The Equitable Trust Company of New York.
Interest allowed on Current Ac counts and Fixed Deposits. Terms on application
Every description of Banking Busά ness transacted.
Loans granted on approved sectar ities.
Spécial facilities for Home Ex chauke
SHOU J. UKEN,
Manager
THE BANK OF CANTON, LTD.
Established 1912.
Head Office: Hong Kong.
Authorised Capital (HK. Currency) ...$11,000,800 Paid Up Capital 8,054,00
BRANURES ad
850,000
Kankor,._Sestow,
CARKE Bork and San Franci
Bangtok,
LONDON BANKERS :--
The Lord's Bank Limited. CORRESPONDENTS
In all principal cities of the World... *** Forsigachanga and banking business of avary duedigklam tamessted.
Sala Depois Borm. (various elme)`at a yearly rental of From 85 10. $40,
LOOK POONG SHAN,
Chief Manager, Hong Kong, 10th February, 1927.
is shown by the sympathetic com- Soul. That this was no mere phrase radeship that exists between all ranks of the
bath at company's service,
It is head office and in the field. seen also in the enthusiastic support accorded us by our legions of policy- holders. Our relationship with them is something more than that of mere business co-operation. The BAUSE OF mutual confidence and mutual appre ciation is a strong as to be akin to friendship, and it is as our friends I
TUESDAY, MAY 21, 1929.
Check this list of
May VICTOR Records
for the music you would like to hear
Half a dozen new Red Seal releases of classical and semi-classical selections, Nine vocal records of the big headliners of today. Check those you like, and visit us. We will be glad to play them for you on the Orthophonie Victrola.
RED SEAL RECORDS
One Alone (from The Desert Song) (Oscar Hammerstein, 2nd-Sigmund Romberg) When You're Away (from The Only Girl) -
(Henry Blossom-Victor Harbert)
RICHARD CROOKS No. 1370, 10-inch Lo! Here the Gentle Lark (Words from
Shakespeare-Sir Henry R. Bishop). Solveig's Song (Chanson Solvejg)
(from Peer Gynt) (Grieg)
AMELITA GALLI-CURCI No. 6924, 12-lach Chorale (Bach) Piano Impromptu in A Flat (Chepin Op. 29)
P. 1373, 10-inch
The Road to Vicksburg The King of Borneo
HAROLD BAUER
Santa Lucia Lantana (Santa Lucia,
I Long for You) (E. A. Mario) Voce 'E Nottel (Votee of the Night) (C. O. Lardini-Ernesto de Curtis)
BENIAMINO Grazi No. 6925, 12-inch
Scotch Pastorale (Gustav Sconger,
Op. 130, No. 2) Violin with Piana Prayer (from To Deum) (Handel Flesch)
YEHUDI MENUHIN No. 6951, 12-inch
Aida Temple Scene (Act 1).
Part 1 (Verdi)
E210 PINZA AND METROPOLITAN OPERA CHORUS Ala-Temple Scene (Act 1) -Part 2
GIOVANNI MARTINELLI-E210 PINZA
No. 8111, 12-inch
POPULAR VOCAL RECORDS
FRANK CRUMIE
No. 21899, 10-inch Bye and Bye, Sweetheart Male Trio
THE MELODY THREE Raquel (from Earl Carroll's Vanities)
THE LEVELERS Biale Quartet
No. 21911, 10-inch
Wedding Bells
(Are Breaking Up That Old Garg of Mine) That's What I Call Heaven GENE AUSTIN No. 21893, 10-inch
My Troubles Are Over Happy Humaning Bird
JIM MALE-CHARLIE FAHHELL No. 21887, 10-inch
Blue Yodel No. 4 Waiting for a Train
JIMMIE RODGERS No. V-40014, 10-inch
Lady Divine (from First National picture,
The Divine Lady) Coquette (from United Artists picture,
PAUL OLIVER Coquette)
No. 21898, 19-ivch Where is the Song of Songs for Me?
(from D. W. Griffith's picture, Lady of the Pavements
When Sammer is Gone FRANKLYN BAUR No. 21904, 10inch
Glad Rag Doll
Sweet Forget-Me-Not
(The Whispering Baritone) JACK SMITH
No. 21882, 10-inch
A Precious Little Thing Called Love
(from the Paramount picture, The Shopworn Angel)
Caressing You
S. MOUTRIE
like to think of them. This delight- ful relationship is the reward of un- wearied and successful service on their behalf, and it is reward which is greatly prized.
factory
ever
an
I now move the adoption of the re- to think, Fort.
is. I venture one of the most eminently satis- and noteworthy
reports presented at
..annua! meeting. It records the transaction of one of the greatest, strongest, and most beneficent corporations in the world, and it is worthy of the com-
The report was adopted.
pany.
"BULL'S" TRIUMPH
RAPID RISE OF STOCKS IN WALL STREET
New York, Yesterday. A decision, which is hailed in Wall- street as the most "bullish" develop. ment of profound importance in the given by the Supreme Court rejecting, history of American railroads, has been the Inter State Commerce Commission's valuation of railroad property for the fixing passenger and purposes of freight rates.
The Commission's valuation were ap- proximate) eleven billion dollary less than those claimed.
Railroad stocks of dozens of roads were quickly bid up $1 to $15 in the share market. Reuter's American Ser- vice.
Oil Magnate Must Serve Sentence
Harry F. Sinclair, right, millionaire oil man, will start a three-month "vacation" at the expense of Uncle Sam in the nice quiet jail of the District of Columbia, shown above. Major Peake, left, will play the role of host
whether the guest likes it or no, since the Supreme Court upheld the ninety-day sen- tence for contempt imposed on the magnate for refusing to answer the Senate's Teapot Dome Committee's questions.
JOHNNY MAKIN-ED. SMALLE No. 21892, 10-inch
& CO., LTD.
(Victor Distributors)
Chater Road,
AT PRESENT, OUTDOOR WORK ONLY
K. FUJIYAMA
PHOTOGRAPHER.
NIGHT PHOTOGRAPHY AND EN. LARGEMENTS A SPECIALITY. ENLARGEMENTS CAN BE MADE FROM ANY PHOTOGRAPH. NEW, OLD OR FADED.
WEDDINGS AND GROUPS A FEATURE.
SPECIAL ATTENTION GIVEN TO DEVELOPING, PRINTING AND ENLARGING AMATEURS PHOTOGRAPHS AT A VERY MODERATE CHARGE.
PROMPT DELIVERY GUARANTEED.
I can give you as good results as any Photographer in the City and better than 95% of them.
TEMPORARY OFFICE:
3rd FLOOR, 117. PRAYA EAST, HONG KONG.
It's not Bear Brand
STANDARD TIME.
SUNRISE AND SUNSET IN COLONY
Sunrise and Sunset in. Hang Kong for May (Standard time of the 120th Meridian, East of Green- wich), are as follow:--
May
CHILDREN'S APPETITES
are satisfied by Nature's most perfect food:,———
"BEAR BRAND"
MILK
Sole Agents for HK. & 86 China A. B. MOULDER & CO., LTD. China Hillding,
Hong Loa
ទី៧៖ឌនននននន
a.m
Sunrise Sunset.
p.m. 5.41 6.69 6.41
6.59
5.40..
7.00
·5:40
7.00
5.40
7.01
5.40 7.01
6.40 7.02
5.39 7.02
6.39
7.02
5.89
7.08
“OAKLAND”
"THE
SMARTEST CAR
ON THE ROAD.
L. C. LTD.