LOCAL SHARES
BUSINESS ON FAIRLY GENEROUS
SCALE
FRENCH AND JAPANESE COMPETITION
HONG KONG AND SHANGHAI BANKING CORPORATION.
Atorised Capita
50,000,000
Imund and Fully Paid-ap-.. 26,500,000
Eva Funds:-
Herlig... 900,000
Bear
$14,000,000
Baerve Liability Proprietors $20,060,000
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS :—‚·
N. H Brown. Eaq,
Chairman.
Wil. Doll, Esq. Tiply Chairsan.
1. Mr. H. D. F, thith, A. . Cimpios, Est M. 1. Juhuson, Esq. › Bader Lovia, Ik.
W. L. Pastendau, Haga.
T. E. Pearce, Baq.
Ј. А. Риалам, Вид.
J. P. Warab, Log. Chief Manager. Hon. Mr. A. C. Hymnu.
BRANCHES
LONDON
TOYOONA
MALACCA,
MANILA
-MOURDEN
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
Reserve Liability of Proprie-
tors
.£3,000,000
.£4,000,000
.£9,000,000
KUALA LUMPUR
KUCHING
MADRAN
Agencies and Branches:
ALOR STAR-
(Malay Stats)
AMRITSAR
BANGKOK BATAVIA BOM DAY CALCUTTA CANTON GAWNFORE
скли
COLOMBO
JAINEN (Daly
Sruch Mauche)
DELHI
ENIFEONG
FMASURG JANKOW
HARD
(Manchuri
MANILA
MRDAN
NEW YORK
PRKING
PENANG PESHAWAR HANGOON SALOON
SONDATANG
BEREMBAN
BRANDIAL
SINGAPORE
SOUDAYAYA
TAVOY
KONG HONO
JIMILO
KARACHI
KLANG
Op
THE CHINA MAIL,
COMMERCE
AND
FINANCE.
CHINA'S SILK TRADE
SATURDAY, SEPTEMBER 21, 1929,
HONG KONG MARKET PRODUCE.
Q
APPROXIMATE
Butcher Meat,
Beat Sirloin ...
Prime Cut
Corned
ROBBI
Breast
"
Soup
Sept. 12, June, June,
RETAIL PRICES.
1920. 1918. 1914.
Cle. Cts. C£8,
中居耙
lb.
28 24 12
Chicken
30 28
11
23 12
28 24 22:2
24 20 18
Capoor, Small
Poultry.
Capons, Large
Duck Doves
Eggs, Hen (cooking)..
24 20 18
TP
28
24
22
タラ
Eggs, Hen (fresh)
36 BO 35
Fowls. Canton
$2
26
20
Fowls, Hainan
i per set 15
10
12
Geese
each 05
50
80
60
» $1.20
81.20
ib. 24
18
$4 20
each 10
10
12
15
10
21
26 20 22
ib.
24 18 24
8
6
Pigeons, Canton
"
Hoihow
Turkeys, Cock Turbers, Hen Snipe
Pheasant full Partridges
肥料
新鮮
海南
88 24488 88<#26ED
D8X
劉粹肥班新本海扭白海火火沙山媽
Sept. 12, Jurie, June,
1929. 1918, 1914 Cia. Cts. Cts.
b. -50 30 31.
cach
50 28 30
60 28 30
46 22 21
*
21
per doz. 28
18
+1
32 25
20
8891889 7842
Ib. 60 36 24
45 85
-24
24 24
80 each 88
AUDY
14NG HOK
HAAVIA
BOMBAY
· CACUITA
CANTON -CREFOO
GOLOMBO
DUREN
PUCHOW
HAIPHONG
HAMSBURG
BXROW..
HARJIN BACKEW
110
lon
JWHOKE
KODE
KOWLOON
KUALA LUMPUS
NAGASARI
NEW YORK
PERING
PENANG
RANGOON SAJUAIN
SAN FRANCISC
SHANGHAL
SINGAPORE
SOURABAYA
SUNGHI PATANI TIENTSIN
FORYO
TINUTAO VORGULAMA
Current Acura opraved in Local Dursewor Fized upon ruceived for one your s the price in boen Currancy and Harling cture woda vill bo quoted on application. Bong Kong. : May, 1029
HONG KONG SAVINGS BANK.
Jay Burnethy bore Bauk is conduot
HOM KONG AND SHANGHAI BANGING CORPORATION, Hulon any ba
bent on appliation.
FOR THE TEAMS KUNG BARKING CORPORATION.
& MILANDIAL
A CHYNES
Chiot Mauger.
King Kong. 18th September, 1927.
NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.
WETHERLAND TRADING SOCIETY)
DANKERS,
Etihad 104),
Thug Kong Offer:-il Queen's floud Cntral.
Aleburanti Capital mean Guilders 150,000,000.
Pay Up Capital
روں کی مے نام اور رائے
(0) Galera 50500,000- (1063,160,43%) Guildurs 400,000-
(
kout Gain: - {AMSTERDAM'). Buster Heal Other :-BATAVIA, BANGLES Hunderasi Bandsong) Souabuy,
Colors, Cheriton, Djembe, Bj
jakar Tan Digue'), dudddi, Robe Hotaledja. Makassa“, Medan, Padang "
Pekalongan, l'ang Pontank Hangoon, Retirrdum"}, douding Buanghai, Sibolgo (bur), Singapora. Moyra bais. Speck Tegal, Hilatjop and Wallawredon.')
*These offices live safe deposit bonne in Jet. Lalu Boukerectioan! Provincial Back Ltd.
Correspondents wil over the world
Enki bunu of ovary desorption trausted.
P. M. RIBERS
wong Kong, 27th May, 192.
Langu
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
16, Boulevard Haussman, l'aria.
Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000,00 Reserve Funds ....Frs.102,000,000,00
Bus
BIANCHES: Bangkok Hong Kong Quinhor Ballambang
Saigon Cantho Mergtze Shanghai Canton Nam-Đinh Singapore Djibouti Noumea Thanbea Fort-Bayard Papeete Tientsin Haiphong
Peking Tourang Hankow Pom Penh Vinh
Pondicherry Yunnanfu BANKERS:
Hai
FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industr. et Commercial; So- ciete Generale.
ale.
IN LONDON: The National Pro- vindal & Union Bank of England, Ltd: Comptoir National d'Escompte de Paris; Cred! Lyonnais.
IN NEW YORK: J. P. Morgan & Co. French American Banking Car- peration; Guarunty Trust Co. of New York.
од
Interest allowed Current Ac- evunts and Fixed Deposits according to arrangements.
Every description of Banking and Exchange Business transacted.
Safe Deposit Boxes to lat.
A. LECOT,
Manager.
Hong Kong, 1st May, 1929,
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880. Capital (fully paid-up) Yen 100,000,000 Reserve Fund
Yen 108,500,000
Head OYOKOHAMA.
Branches and Agencies at: Alexandría
Batavia
Bombay
Newchwang
Buenos Ayres Peking
Galutta
New York Osaka Rangoon Rio de Janeiro Saigon Dalen (Dalny) San Francisco Fergtion (Malden) Seattle.
Canton Changchun
Hamburg Haikow Harbin
Hong Kong
Honolulu
Kal Yuen
Kanchi
Kole -London
L
Lyons
Angeles
Maille
Najsaki
Nagoyer
Semarang Shanghai
Shinconasea Singapore Boerabaya
Tientsin
Tokyo Tsinanfu Tsingtan
Vladivostok
(Temporarily
Closed)
Iberast allowed on Current Ae-
FROEL
HODE
KUALA KANGSAR
Perak (F.M.N.)
AIPING
(F.M.S.)
TIENTSIN TOKYO
L
TOBOKAJ (Bhuket) TSINGTAO "OROJAMA
ZAMRGANGA
(Philippine Islandsį
General
Foreign Exchange and Banking business transacted.
Current Accounts opened and Fix- ed Deposits received for 1 year or shorter periods at rates which will be quoted on application.
A. H. FERGUSON,
Manager, Hong Kong, 8th January, 1929.
THE HO HONG BANK, LID, (Established 1917.)
CAPITAL
$20,000,000 8,000,000 4,040,000
FEELING OF CONFIDENCE
Messrs. Benjamin & Potts's week.
the Lepart
share market tates:
Badiness during the period under review has been on a fairly generous scale and higher rates in several in- stánces have again been established. There seems to be a feeling of con- fidence and more money is forthcom- ing for investment in the local market, so the appreciation in values is key to be maintained
In the north there has been renew- ed firmness in Cotton shares, but the. market appears to have had a slight set-back towards the close.
Bucks-Sales of Hong Kong and Shanghai Banks were made at $1.235 at the outser, but with a decline in Exchange, rates are now quated at $1,245 The London quotation has advanced to $1 (Middle).
Marines
and Fire Insurances. There has been
an improved demand for Unions and they have further strengthened $345 buyers. Hong Kong Fires are enquired for at the quotation of $755 and Can- improved tons at $637, sales having been made at $750, and $640 respectively.
Shipping-Hong Kong, Canton and 4,000,000 Maead Steamboats are in demand at 2.2:9,000
$26%
after transactions this HEAD OFFICES: SINGAPORE. Branches, Agencies and Correspongure Deferred Indos at $70, Pre- ferred Indos at $46 and Waterboats dents in the principal cities of the
at $22 are on offer at quotations. world.
Docks. Wharves and Godowns. Every description of Banking and Exchange business transacted.
TAN ENG HOOI,
Manager. Hong Kong, 15th May, 1929,
Authorised Issued Paid-up
Liabilities
Shareholders Surpas
| Reserve
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
4
at
Hong Kong, and Kowloon Wharves were dealt in up to $1321% but have since
to $135% buyers. advanced Whaspon Decks are enquired for at $32 China Providents have buyers al $4. Shanghai Desks have made further headway and are in request at Ts. 148. New Engineerings are Bought for ut the improved quotation of Th. 8.
Lands, Hotel and Buildings-Hong Kong Lands
are again higher and deals were up to $62 and further on- quiries at the close at $614 Hong Kong and Shanghai Hotels fell away In the beginning of the week to 39.15 but ended Brmer with buyers at $9.40 BRANCHES AND AGENCIES:
and large sales were made up to JAPAN:-Tukyo, Yukcherna, Koba, Quake. | FORMURA :—Čikom, Bugil Karenko, Kendung, S. Humphreys Estates are want- abong Nato, Stünchiku, Taicha, Tainun, ed at $14.10. Realtys were booked Tekno," Tamaui, Teen, Helio,. Taite.
at $7.80. GHINA:Shanghai, lankow,
Shanghai Lands were bid Foodbow,*** Amay,
up to Tls. 160.
Publie Utilities-A fair amount of business was done in long. Kong Electrics
$619/6214.
HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial
Charter, 1899,
Centrul Junk in Perusosa,
Wank-letes sued Area to 10,000,000
Srstow, Cuntai
Tulong King.
Shuang,
L
Singapore,
Bombay, Lindon, New York, Dairon.
LONDON BANKERA:
Soerabaya, Calcutta,
The Loadou County Werkininster and Far's Baak.
The Jack hos Correspondents in all the prin cipal Cvet-aorcial Contres throughout the Pucid.
R. NAGURA,
HONG KONG DRANCHI:
Des Vocaz Road Contend. Hong Kong, 19th January, 120.
at
Lights have at a and the olf, shares
DEPRESSED CONDITIONS
The depressed condition of China's silk industry continues to occupy the thoughts of many besides those directly engaged in it. A reception was recently given at Shanghai by the Native Silk Industry Salvation Association, and Mr. Wang Sung- ling, the well-known member of the local Kuomintang, gave an address. Partnership of Doctors This is not an ordinary invitation for pleasure alone, Mr. Wang said, as the Association regarda· Itself as
joint
of medical doc partnership tors, to whom is entrusted the life or death of the patient, China's slik industry, We understand well that
Steak
Steak Siriou Sausages
Bullock's Brains
T
Tongue, fresh
Tongue, corned Head
"
Heart
Hump, Selt
}
Feet
"
Kidneya
Tail
Liver
Tripe
#1
in this case any attemps. to save the Calves' Head & Feet.. industry from total destruction will require a joint effort from the whole Mutton Chop nation, and
Bot
of a merely that handful of silk industry men. You are therefore invited to share with us the responsibility to restore the
of China's
silk in inter- position national trade. The industry must first of all recover its health before it can stand against the keen com petition in the world market.
End
It
Leg Shoulder Saddle
Pig's Chitings
Brains
Fest Fry
Head
Heart
Kidneys
Liver
Causes Inside and Outside The degeneration of China's silk industry may be attributed to
to causes both internal
continued external, M Wang. In every country there must be some special production in Pork Chop which the Slate enjoys a
special
Leg WEL trade. Silk, for instance, is a
a special product of which China has for 4.600 years been proud and it is on this
NF
Loin
Fat or Lard
牛
4
猪排
that millions of our fellow coun- Sheep's Head & Feet.. @ trymen depend for a living. To be brief, this industry might fairly well represent the livelihood of the masses in China. When our
country first
Heart
Kidneys Liver
4
Mutton
TI
Sausages
4
No. 1.
*
Fish.
entered into business relations with Sucking Pigs, to order foreign
countries, she was more than Suet, Beef able
to cover her imports with the but now with export of silk alone;
Veai keen French and Japanese com- petition China
in her loses heavily fereign
Follo
the loss of her exports she has been and still is overloaded with imports.
According to оцт late leader Dr. Sun Yat-sen, China Barbel loses about $500 million annually in Brear her international trade.
set $1.20 $1.00 $1.00
| @ ****@** § 11*** le le^****8 | |
Almer.ds
Apples (California)
Carambola
Coconuts
Lemona, China
*T
25 28
1.
51
#7
pair each
36
12
10
Fruits.
18.
45 20
45
26
16.
44 24
45
金山萍菜
16 24
30
27
Barnas (bride's)
燕山香蕉
Per set 8
#
lb.
16
15
28
16
18 20
襻
each 15
10
Lemats (American)
13
10
Lichees, Dried
lb. 48 80
34 25
Oranges (Canton)
11
36
Oranges
群
71
Pears (Canton)
#
Peanuts
#2
生
Persimmons, Large
紅
Plantain
40 60
21
TA
21
per set 92
60
-each 11
8
16 12
"
▸
46. 26
Ib. 26 25
"
20 20
43
26
20
20
32
28
牛牛
肉肉脯肉诽柳腸腦甜蜜心脚尾 肚脚骨脾手肉腦什心腰肝骨脾團油脚心腰肝猪油油出牆 中羊孖仔
"猪猪猪猪羊 羊羊牛乳牛牛
魚魚——魚魚魚
昆肚 水 **** 蚊扃城 銼測鳘 黃海黃田石白鍾將黃烏龍芒濟雠頭花班白黑明石崇馬沙蝦立尤左 頷`臘沙警羔睖鶏白甲花蝦像婭鯊公像 ཎྜ རྨ:རྨ ཨཱ ཎ ནྰ རྐ རྦ བ ་རྨ་ཨྰ 'ནྟ ནཱ ནྰ ༤ ཤྲཱ ཎྜ་ན་རྐ་རྒྱུ་ཆ་ ༤ **
DR.
BX
Canton Fresh Water 省城淡水
Catfish.
Native Taste Decays Then turning our attention to the conditions at home, Mr. Wang went Carp
With on, one cannot help weeping. China
but a glance over the stores along the smart recovery
street, one
may see them full of Codfish were negotiated
linen, cotton and woollen piece goods Crabs up to $134. but there are sellers at
from foreign countries. Cattle Fish the close at $12.16. Manager.
imported Hong Kong Trams are in request at $18.10. Star
Again, the masses' preference
for
Dab as another Ferries were realised again at $67 imported articles serves
principal factor in and more are
failure of Dace wanted.
China's silk industry. Oils
Dog Fish How much aur silk industry has Eels, Conger been affected can be illustrated by the industry
smul Mining-Langkats (Com- bined have appreciated to Ts. 15%
THE BANK OF CANTON, LTD. buyers. Benguets continue in de
Established 1912.
Head Office-Hong Kong.
Augrized Cupital (E‚K, Currency) ---$11,000,000 Paid Up Sapital
204,20 Rune Fuad .....
880,000
BRANCHES- Canton, Shanghat Haukom, watow, Bangkok, dow York and San Francisco,
LONDON BANKERS :—
The horn Bak Limited. Crepondents in a principal cities of the
Part
Fatga exchanga sad banking bulton of avy duncription tatvasted.
Sail Deposit Box (various sinus) at a 'jourly coutal ví "Irono șă sử $40,
LOOK POONG SHAN,
Chief Manager. Hong Kong, 19th Febraury, 1927.
THE BANK OF CHINA. 行銀國 中
(Specially Authorised by Presklential Mandate of the Republic of China on the 22nd of November, 1917.)
Authorised Capital....$60,000,000.00 Reserve Fund Paid-up Capital
18,278,600.00 9,629,425.24
HEAD OFFICE: PEKING.
HONG KONG BRANCH:
4. Queen's Road Central.
menn
Tronohs ut, $3.35.
can ba place at
at 21/-
Other stocks in this section are quoted nominal.
31iscellaneous-Green Island Cements (Combined) have fluctuated between 9.36 and 9.15. Hong Kong Ropes are asked for at $7.35. Tele- phones changed hands at $7.10 and continue in request. Canton Ices
placed at $2%. Hong Kong
be
Amusements are on offer at $25
Watsons are wanted at $11.00,
can
Cotton Mills.-Ewas which were in
demand at the outset at Tls. 192
were negotiated extensively up to Tls. 28, but closed distinctly easier with sellers at Tis. 21%.
the
Fiah #1
Fresh Water
"
Yellow
in Huchow for 1928. In that centre about 70 per cent, of the silk factories were forced to Frogs close, affecting directly
02 indirectly Garoupa millions of Gur fellow
cauntrymen. Gadgeon the poor workers would have gone Driven to such a desperate condition
Herrings so far as to destroy all the foreign Halibut pice goods stores in their district, Labrus had they not been checked in time.
Ikach The People's Livelihood
Realising the seriousness of condi- Lobsters tions, the local authorities and pro-fackerci minent members of the Kuomintang Monk Fist together with noted merchants and Mullet industrialiste have formed an or- ganisation known as the Native Silk Oysters
Shanghai ustry Salvation Association. Fol-Parrot Fish
Jowing its formation similar organi-Perch Hangchow and Socchow, etc. sations were started in Shanghai. Pike
મા
Cottons advanced sharply to Tls. 104 and Tis. 76 for the Old and New shares respectively white Zeong Sings
appreciably higher-
also closed Tls. 12.
at
Exchange. The TT. rate on Lon- don to-day is 1/10% and on Shang- kai 85.
Forward Settlement Days.-Septem- ber 24, October 29. and November 26,
1929.
Pow
STATE MORTGAGE BANK
AGRICULTURAL ENTERPRISE IN CEYLON
The committee appointed in 1927 to consider the establishment of a State mortgage bank recommends
should
In conclusion Mr. Wang said that
Plaice
to save China's silk industry was the Pomfret, White
firet step towards the settlement of Pomfret, Black the People's Livelihood, whieh form- Prawns
ed one of the main principles of Dr. Ray Sun's doctrine.
Rock Fish
Boach Salmon
TARIFF STRUGGLE |Shark
Skate
"MEDDLESOME" FOREIGN
Shrimpa
Snapper
Scles
PROTESTS
MR. HOOVER'S VEWS
Tench Terbot
There is a feeling in New York, Turties, small, fr. water
writes an "Observer" correspondent,
that foreign countries are scarcely
America and other parts of the onciled by the issue of debentures having justified in protesting against any
London Bankers:--The National Provincial and Union Bank of Eng- Land, 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.
the bank's accounts. The purpose of the bank is to finance only agricol- tural enterprises.
thing so truly national as the in-
execution.
鲥
#
33
10 Beach 12
lb. 10
金山檸檬 each
##
新會帶橙
16.
59
柿
* #
多声
FJ
8
20
26
80
བྷུསྨཱ ཡཋ ཟླ ༄ རྨ ། | |ཋསྟྲ
3ཡཿཁསྐ ཎྜ ༞ | | | ! E" " 5 " ཀྟེ
12
15
28 18 19 12
12 12
8
暹羅 each d 合
12
6
13 16.
16
45
Pureb, Slam
Walnuts
Graper
Vegetables, &c.
Artichokes
Carrots
Long
ལྦ|
鴉怒
each
1.
12
B
10
24
A
ឆ
G
5
10
12
10
大椰坔花 each
(Medium) *ATE
金笋
Beans, Sprout
ib. 48 16 24
42
20
16
Beet Root...
44
Bitter Squash Brinjals,
Green
42
16
42
27
Red Cabbage, Chinese
42
9
"
(Shanghai)
38
27
Cane Shoots, bunch
34
26
ta
Cauliflower (Large) ..
86
T
.64
(Small)
20
36
8
13
Celery, Chinese
35
16
35
19
Chillie, Dried
Red
54
30
t1
Green
76
25
JK
Curry Stuff, English..
30
30
Cucumbers
32
18
Garlic
40
23
Ginger, Young
36
16
Old
55
18
Horseradish, Shanghai
66
24
Indian Corn
54
21
Lettuce
48
26
Water Chestnuts
40
2
Mandarin.
32
2
36
9
Okroes
36
16
Onions, Bombay
42
9
Green
44
20
Shanghai
62
30
Parsley
42
45
Potato Sweet
54
14
10
Japaneso
22
14
Americas
28
13
18
Pumpkin
36
10
Radish
48
30
hirback (Fresh)
22
10
Shallots
22
10
10
»
-Spinach
54
32
30
P
Tomaves
60
26 35
24
Taros
42
28
86
18
口鏡
40
12
95
魚魚魚魚脚
few
.
1992-898899988÷2N22228288822°**********
-Mushrooms, Fresh
Turnips, Punti (Long)
Vegetable Marrow
Water Creas
Water Lily Root
CHINA MERCHANTS
#
和椰菜花
6
**
糖與榮
10
椒:
25
10
10
6
6
2
10
6
7
10
10
8
45
1989 | | 1939242*** ***| |*
EOFTABAKER SUBACH FIREE** *****
***E-KRED
鸦荳紅䒷青紅芥極大中細金塘紅青槃蒜子老 粟嫩馬桂僻 生上芹香日金多紅大千寬番芋西 #3 #
#
洋葱
上海街
F
日本劑
金山薯仔
签皿
紅蘿
#
20
60
3
千濍賴
4
10
4
7
G
#*
4
6
r
運
15
"
ور
6
5
16
12
** | | | ** | } } ] ] * * * * * * [ ] * { [* ¦ ¦ ****** | " | {
$
10
3
10
of the work in each position is very often contradictory of each other. À man in charge of the Company' wharf godown, for example, is per- mitted to hold a position with the Jardinc, Matheson Co.; and Fromotion Unfair
5. Promotion is irregular and un-
Branches and Sub-branches all over that the capital of the proposed in- China and Correspondents in Europe, stitution
be limited to Rs.25,000,000 (£1,875,000), to be rais-
of 25
25 years. currency
addition
to subscribing creuse of the Americas tariff, but, upward revision suggested a Rs.3,000,000, the Government should
on the other hand, the conviction products, principally agricultural, as guarantee the interest and capital seems to grow that the plan of al-ceeding help, and the indications are
In connection with the joint inspec- and provide for p riodic inspection of lowing the President to raise or low-plain that if this wish is disregard-
tion by the Ministries of Communica will rally
what Republicans er rates according to his own judged he
tions and of Industry and Commerce ment perhaps gives the Chief Execu- he can to his views and ask the low
into the China Merchants' S.N. Çal's tive too great a responsibility.
tariff Democrats to help to compel
condition a lengthy report has been A bitter fight may occur on this
Congress to Agree.
submitted by the inspection Commis-
oints fair. proposal
The Senate hearings already in- Senator Borah, 乱 chief Are You Poisoning Yourself?
dicate the doom of some of the ex- sion, which expresses itself as highly To this statement Mr. Chao has opponent of this flexible pan, sug travagances suggested for the draftSEGESE
dissatisfied with Mr. Chao Teb-chow, sent in a long petition to the Central ness transacted.
Every description of Banking Busi-
gests that it would be reasonable to Bill, and every congressional expert
managing director of the Company in Government, setting forth the reforms Thousands of people are poison- confer power on the President to Loans granted an approved securing themselves by overlooking the
employment, expenditure and special he has introduced and the profit reap- rate
of my acquaintance feels that the lower income taxes. or
The
expenditure. Prior to its reorganisa- ed
Mr. ities.'
foreign threats of reprisals are un- duty of daily regularity. Waste schowever, hate Reline that Lkely ever to find necasion for their
tion or to Mr. Chao's inauguration, during his tenure of office. Special facilities for Home Ex-matter quickly accumulates, and foreign protests are rather meddle-
port, and also the feeling
the Commission says, the staff of the chao's first and most substantial ar change.
gument is that during the last 10 December general office, for instance, numbered months from March to if it is not expelled daily its pot come and unwarranted, SHOU J, CHEN,
Fincnciers as Diplomats
only $1 members and the amount as- 1928, the Company made Tls. 1,600, Manager. sons are absorbed by the blood, They have come from England, Even apart from Mr. Hoover's signed for their salary was about 000. On the point of employment he causing bilious attacks, sick head- Canada, Australia, and India, and unquestionably keen sympathy with Tis. 6,645 only: whereas ander the admits that the number has been aches, vertigo, disordered liver, Arly every European and South Burope's struggles to sorbitant directorship of Mr. Chao the number greatly increased, but in order to keep
American country, but Senator Smoot prosperity, he
that
of has been increased to 220
management well maintained he pimply and yellow skin, offensive regards them sa unimportant because American tariff schedules would be
with a monthly expenditure of $28,859 feels obliged to retain the acquainted breath and a host of other ills.
they are:
anuficial, and he thinks unprofitable policy. That which his. for salary alone. Investigation shows with their work. Touching on the To quickly correct these that they do not presage a decreas-keenly practical mind indicates as that such an increase is far from be salary question in the old days, he troubles, to all the liver and to ed purchase of gouds. Mr. Hoover, necessary will operate to the detri- ing satisfactory and the following
that argues
it wàs, trae that the restore intestinal activity; Pin- nowe
however, is believed to think they ment only of those offering agricul Cases are merely quoted as an in-
amount was only somewhere around supply a strong endorsement of his tural produce Canada especially,
stance: kettes, the dainty little laxatives, view that the increases should be which is in direct competition with
Tls. 6,600, but the Company had to are perfection. And they are
class very limited. Member of both the Amorican
1. Of the highly paid employees, pay Tls, 16,000 in bonuses at the end which
he has equally helpful to the aged and to Hosses of Congress are sure, as a may suffer, which he will regret; but
many hold two or more positions and of the year. When these two items most earnestly determined to help,
they cannot devote their whole time to are added and converted into dollars delicate women as to the robust, matter of personal policy, to yield
the welfare of the Company. Some the total would be nearly $30,000: for their action is extremely and demand an increase of imposts frightened
requests of their constituents many others who seem to be badly.
of them have in fact never been to whereas, the present amount paid for will find that their fears gentle, whilst thoroughly efficient, on the products of the regions which are groundless, if he has his way
the office for months and yet they salary is only $28,800 and yet the
number of the staff has been increas enjoy a handsome salary: Chemists everywhere sell Pin- they represent, but fr. Hoover, re- which is highly probable.
ed several times. Although the focal presenting the nations
dissociated Entirely as a whole.
2. The management has many salaries paid have been increased from the Part Louis (Maurition) kettes, 60 cents the vial.
sees the tariff problem in the larg-tariff legislation, bat signifcant of
hands more than it really needs. The the income bas advanced to nearly est aspect,
as affecting the
Japanese N.K.K. shipping company $519,000 per month; the former is President's mental tread, is his evident: desire costs of living caly as
for instance, owns 40 steamships and to name able finan Mr. Houver's Moderailon tiers to the major diplomate posts. yet there are only 37 perains in the only 5 per cent of the latter. Refer
ring to the sinking of
the B "Haló A good business
well man. As
#St Mr. Edge will soon be named for ofices
Chr
Kong, he dismisses sad "H an excellent engineer, he well knows France; Mr. Eugene Meyer, the for-
Apart from ordinary salary these as the act of God" He calls that America's
many of the higher grade staff enjoy growing export trade mer chairman of the War Finance
unlucky
person" because can prosper only if potential custom Board, will go to Germany; and what is called special allowance, which himself an
he was is often two or three times greater Company had lost most of its good apprinted at a time. when the ers are prosperous, a condition which probably Mr T.-W. Lamont to depends in some degree upon the Home Madrid, or Tokyo, with sev- than their Income;
reamers, which were manned by availability of the United States as cral important bankers mentioned for
parket. His original requests for South America.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
15, Gracechurch hort. London, E. GJ
"Authorised Capital
Subscribed Capital
Paid-up Capital
£3,000,000 1,800,000 1,050,000 Reserve Fund and Reat 1,612047 BANKERE:
BRANCHES:
The Bank of England & Milland. Dank, Ltd.
New York Penang
Sowe
Bota tia Ipoda
Bargel
Bombay
| Collombe
الحلوة
Kandy Karol :-Bangoon)
نستاج Blaa
Kota Bhata Debi Kuala Lumper: Kimia Geld, Kuantan filang). Bingepos" Hong King Radens
Bourabaya
TOM HONG KONG BRANCH
Every decription cf. Banking and Emhange
Accounts, and
Deposits recited for fixed periods INTEREST Lowed on Carrens
at tes to be fained on application Find Deposit as at that may be mortelnad
Manager
·G. 1 0 BANDES,
7 Queens Band: Chiral,"
Hong Kong, 11th September, 1999. || 'Hom long, 2005 İyell, 2109,
Drive & Trusty TRIUMPH"
the Motor that never fails you
to the
&
4. Many of the employees hold more than one position, and the nature oficers long with the Company-Ku
Wen.