2
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authored Deplial
50,000,DON
Laroni and Fully Paid-up. $30,000,000 Bare Funds 1-
---# #,000,000
Terting
Mr. 14,500,000
Reserve Liability of Progrision. 90,000,000
HEAD OFFICE: пONO KONO.
BOARD OF DIRECTORY;—
W. H., Raz. Chalisa
1. a. Plummer, Eng. Deputy Chaleman.
1. D. F. Balth, Poq.
E. Dompton, Liq.
M. T. Jukson, Pae
B. Lander Lawla, Esq.
ANOT
BANGKOT
BATAVIA
BOMBAY
CALOUTTA GANTON SHEFOO
B. Pattonden, Zet.
T. B. Pearce, Eng!
V. I. R. Shaw, Esq,
J. F. Warren, Eaç. This Manager,
Hon Mr. A. C. lites.
BRANDIES—
LONDON LYONE MALACCA
MANILA
MOUIDER
NAGASAKI
NEW YORK
COLOMBO DAIBEN POOCHOW HALFHONG
PRIDING
PENANG
HAMBURA
ankow
HARBIN
HONG KEW
(LOLZO
TROE
JORGBS
LOBK
KOWLOON
KUALA LUMPUR
-
HANUDON
HAN FRANCISCO
SAIGON
SHLANGETAL
SINGANINE
SUCRADAYA
BUNGSI PATANI TENISIN
TOKYO
TEKNOTAU YOKDIAMA
Current Acquista opened in Local Curewa, 3 and Fized Deposite ronivad for one year of kurter periods in Local Currency and Sterling Lering which will be quoted on application. Itung éng, 13th Noor, HUYU.
HONG KONG SAVINGS BANK.
The Business of the above Peak is conduct
at by the ONO KONG AND SHANGILAI BANKING CORPORATION.
obrakput on application,
Hules may b
POR THE MUNU KONG & BUANGRAI BANKING CORPORATION,
A. O. HYNES,
Chlaf Managar.
Hong Kong, "18th September, 1927,
NEDERLANDSCHE HANDEL .... MAATSCHAPPIJ, N.V.
(NETERBLANDS TRADING BOCIETY) BANKERS.
Established 18994. Hong Kong on:- Quess's Road Central, Authorized Capital ........Guilder £50,000,000- (£1,000,000)
Paid Up Onplial
DakanTM 30,000,000- (£6,000,607.) Bare Fund. Oulidace' 40,000,000-
(£3,833,859.)
final Oble:-(AMSTERDAM'}.}. Eastern Head Olos:-BATAVIA. BRANCHES ---Sadjarmasin Bandowng') Bombay,
Oglsuite, Ukaribon, Djember, Djk Jakarta") The Magon"), Jeddah, Kobe,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1959.
HEAD OFFICE: LONDON. Paid-up Capital
Reserve Fund
Reserve Liability of Proprie
torn
.£3,000,000
.£1,000,000
.£3,000,000
HOME
Agencies and Branches;
ALOR STAR
(Malny Klains)
AMRITSAR
DANGKOK BATAVIA BUMBAY CALOUTTA MINTON CAWNPORS CROU
COLOMDA
DAIBEN (Psy
Bouth Manchuria) DELI
HAIPHOND
HAMBURG
ILANKOW
HARBIN
IN. Manchuria)
MONG TONG
HAILO
1POX
KARACHI
HLANO
КОЛЕ
KUALA KANGBAN
Perak (PM
KUALA LUMPUB
KUCHING
MADRAS
MARILA
MEDAN
NEW YORK
PENING ΣΥΝΔΥΑ PESHAWAR MANOOON SAIGON SEMARANG BERKUBAN SHANGHAI SINGAPORE BOURABAYA TAIPING
(4.5)
TAVOT
TIENTRIN
TUIYO
TONOX AF (kat)
TSINGTAO
YORDHAMA
ZAMBOANGA
I.
(Philippies Islands)
Foreign Exchange and General Banking business transacted.
THE CHINA MAIL,
COMMERCE
AND
FINANCE.
GOVERNMENT EASTERN & OVERSEAS
SECURITIES
STEADY APPRECIATION IN VALUE TO OFFSET CRASHES
THE STOCK MARKETS
Of late we have heard a good deal of the serious losses involved in the recent collapse of speculative secur- In New York the fall from itios. the highest points touched, which in some cases exceeded $100 a share at the worst, represents a very serious loss, at least on paper, and to some slight extent this has been reflected Current Accounts opened and Fix-in London ao far as regards secur- ed Deposits received for 1 year orities dealt in at both centres. The sharter periods at rates which will Hatry smash and the great deprecia- be quoted on application.
tion the shares of some other also representa A biz groups hers loss to somebody. Altogether it is a somewhat
misorable record, which need
not be emphasised. Instead, zaya "Truth" of October 30, attention may be called to the remarkable ap preciation in British Government securities that has been going on since soon after the Bank rato was raised to 6 per cent. The reasons for the rise in gilt-edged stocks are fairly well known.
the great improve- In the foreign exchange, ea-
A. H. FERGUSON,
Manager. Hong Kong, 8th January, 1029.
THE HO HONG BANK, LTD. (Established 1917.)
CAPITAL
Authorised Issued
Paid-up
Reserve
Liabilities
Shareholders
Surplus
$20,000,000 8,000,000 4,000,000
The principal ment
4,000,000 pecially in the sterling-dollar rate,
2,219,000
since the advent of dearer money HEAD OFFICES: SINGAPORE, hore, for this improvement has alter- Branches, Agencies and Corraspored the aspect of the Money Markel dents in the principal cities of the collapse of the ball movement in New In conjunction with the completely. world.
Every description of Banking and York, it has resulted in an import-
Exchange business transacted.
TAN ENG HOOL,
Manager. Hong Kong, 16th May, 1929.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
ant repatriation of British and other fands which previously, were attract- ed to New York by the abnormally high interest rates curront there, and part of the transfer ta belag effect. ed in the form of gold shipments to Europe, so that, instead of consider. ing the possibility of a further rise in our Bank rate” (which might have been necessary had the bull move. ment in America continued), It not unreasonable to contemplate the chance: of a reduction.
Th
augmen tation of credit
here supplies
the Central Bank in Formosa, Bank-Notes tered range amount Yes. 44,000,000ted the appreciation in our gilt-
mentioned
has pro' the reason
pro' ibly a3. BRANCHES AND AUKHGIES:
sisted JAPAN-Tokyo, Yokolama, Bob, Cusha. FORMOSA Miran Kagi Hariato Ke edged stocks, but another important Katong, Halo, Balickiku, Talaku, Taissa, factor is the greater disposition to Takao, Tamaal, Town. Helo, Telko
HEAD OFFICE:-Taipeh, Formos Incorporated by Special Imperial
Charter, 1899.
for
now
CHINA-bangbak. Haskow, Amoy, Fochew. invest in
in safety-first securities pro-
Eratow, Union. OTHERS:-ong Kong, Sinpower,
Beca
Polari London, Haw
Delran LONDON BANERES :
Sou Badja, Makmost, Medan, Padang The London County Wantlister and Farr's Bank. Palembang. Pasalongan, Penang, Pontianak Bangoon, Rotteduts), The Back Correpondente in all the prin Bamarang), Bangkal, Bibdal Coccarsial Centret throughout the world
Singapore, Boraba
(Solo), Tegal, TIMU
and Weltevreden.")
The oflows have Bay
London Bakery e--Mulkona) - Provincial Bank
Correspondantő all over the world.
Backing bushuma në STAY demorillos transaɔted.
P. M. £LBERG,
tiong Kong. With May, 1922,
Manager,
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
96, Boulevard flausuman, Paris.
Subscribed, Capital .Fra. 72,000,000,00 Pald-Up Capital...Fra. 88,400,000.00 Reserve Funds ....Fra.102,000,000,00 BRANCHES: Hong Kong Quinhon
Saigon Shanghai
Battambang Hue
Bangkok
Canthe
Canton
Djlbowel:
Haiphong
Mangize
Neamen
NamDinh Singapore
Thanhes
Fort Bayard Papeets Tientsin
Peking
Hankow
Hanci
Tourane
Prom-Peph Vinh Pondicherry Yunnanfu BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et den Pays-Bas Credit Industriel at Commercial; So. clete Generale.
IN LONDON: The National Pro- vincial & Union Bank of England, Ltd: Comptoir National d'Escompte de Paris: Credit Lyonnala.
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New York,
Interest allows on Current Ac- counts and Fixed Deposits according to arrangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to lot.
A. LECOT,
Manager.
Hong Kong, 1st May, 1929.
HONG KONO BRANCH:
duced by recent unpleasant and dis- Barbara, quieting events in the financial world. Calo Not for the first time, the end of n
those who boom,
with its attendant losses to are "left," has driven Avall available capital into securities res- pecting the safely of which there is not a shadow of doubt. As to the extent of the rise in British Govern- ment stocks; it conveys little to say that since the beginning of the month the 5 per cent. War Loan has gained 1% and the 3 per cent.
K. NAGUBL
1A, Zim. Voeux Road Central. Hong Kong. 19th January, 1999,
Manager.
THE BANK OF CANTON, LTD. Conversion 3. I show below, there-
Established 1912.
Head Office-Hong Kong.
Authorfand Capital (X.H. Currency) $11,000,000 Paid Up Capital $.604300 Beserve Fund
860,DOR
BRANCHES:- Canton, Bhanghai, Bankow, Bwslow, Bangkok, New York and San Francisco.
LONDON BANKERS —
The Lord's Bank ballad. Correspondeate in all principal cities of the
World
Foreign archangs and banking business of every descripik transacted.
Bals Deposit Bose (various slaw) as a poorly senial of from 45 to $10.
LOOK POONG SHAN,
Chief Manager. Hong Kong, 10th February, 1927.
THE BANK OF CHINA.
行銀國
(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917.)
Authorised Capital....$60,000,000.00 Paid-up Capital 18,278,600.00 Reserve Fund
9.629,425.24
HEAD OFFICE: PEKING,
HONG KONG BRANCH:
4, Queen's Hood. Central Branches and Sub-branches all over China and Correspondants in Europe, America and other parts of the world. London Bankers:The National Provincial and Union Bank of Eng- land, Lid
The Guaranty Trust Company of Now York.
New York Bankers: The Irving National Bank,
THE YOKOHAMA SPECIE BANK, New York
LIMITED.
Established 1880. Capital (fully paid-up) Yen 100,000,000 Reserva Fund
Yen 108,500,000
Head Offee-YOKOHAMA,
'Branches and "Agenties at: Alzxandria
Batavia Bombay
Bannes Ayren
(Temporarily
Calcutta
Canten
Changchma
Nagoya Newchwang Now York
Ozaka
Peking
Rangoon
Rio de Janeiro Baigen
Dairen (Dilny) Ban Francisco
Fengtan (Mulden) Beatt
Hankow)
“Harbis.
Home Lour
The Equitable Trust Company of
Interest allowed on Current Ac counts and Fixed Deposits. Terms of application.
Every description of Banking Busi- ons transacted
Loans granted on approved secur Itiex.
Special facilities for Homa-The- change..
SHOU J. CHEN,
Manager.
THE BANK OF EAST ASIA, LTD.
HEAD OFFICE: HONG KONG. 10, Des Voeux Road Central, Hong Kong.
Authorised: Capital
Paid-Up Capital: Reserve,
$10,000,000 5,000,000 1,500,000
fore, in the case of the six biggest loans, the market valuations on Oc- tcher 1 in comparison with those on October 25 last, indicating in terms of money how much these securities have appreciated:--Thousands omitted.
Approximate Market
Stock
'
дго
Valuationa Oct. 1 Oct. 25 1020 1020
6% War Loan .£9,194,010 £2,228,700 8% Conversion 537,800 561,000 4% Funding ....
318,400
384,200 4% Victory
307,400 311.200 44% Conversion 200,600 218,800 4% Consola
166,000 171,200
Total
.£3,791,100 £3,820,100
Stock Appreciation
£34,700
5% War Loan.. 9% Conversion 23,200 4% Funding ... 16,800 8,800
"4% Victory .... 4%% Conversion
4% Console....
7,200
4,803
£89,600
Total .... six representative stocks have appre- Thus, in less than a month. these elated in market value by approxim ately £39,000,000. This may be set off against the depreciation in more speculative securities that has occur red in the same period.
124
PRODUCTS
FRIDAY, DECEMBER 6, 1929.
OF SPORTS AA
Gift Hints
FOR THE WORLD
QUESTION OF FUSION UNDER CONSIDERATION
CONTROL OF SHARES.
In presenting their first report for tha period from February 25, 1928, the date of the incorporation of the com- pany, to June 30, 1929, the directors of Eastern and Overseas Products, Ltd, state that during the period of trading covered by the accounts the company worked with a capital of £400,000 out of which 2337,600 WAS invested in the purchase of one half of the shares in the A. G. fuer Osthandel of Berlin in accordance with the original proposal.
Through the Osthandel, the campany controls a large block of shares re- presenting the majority of the lasued capital of Eastern On Industries, Ltd., a company engaged in the production of vegetable oils in the Near East.
J. Philip Hatch, president of two Boston produco companies, who was arrested at Now Orleans. Hatch is en route to Boston after waiving extradi tion, to be questioned in connection with the alleged embezzlement of $120,000 from the Boston branch of the Bank of Nova Scotia. Hatch was at rested when the steamer "Athana" docked at New Orleans,
date.
IDEAL PRESENTS FOR THOSE WHO
"PLAY THE
TENNIS
The Famous "Light Blue” and "Top-Flite"
Rackets
$25.00
CRICKET
"Herbert Sutcliffe "
Bats
$24.00.
GAME”
GOLF
Set of Jack Whites
Rustless Irons.
$78.00
Set of 3 Woods
$55.00.
Patsy Hendren Test Bats $24.00
LANE, CRAWFORD, LTD.
THE SPORTS HOUSE THAT GIVES SERVICE.
the former, and for this purpose 845,000 ordinary shares of £1 each will be created entitled to dividend as from
October 1, 1920,
to
A scheme, of amalgamation with this company is under consideration. De-
At the same time, the holders of tails of the scheme will be brought the existing 10,000 deferred shares of to the knowledge of the shareholders £1
Bach in the Products Com-
will in a separate statement at an early pany be axked to agréa
their cancellation of
rights The results of the first trading and the conversion
of the deferred period permit of final dividend of 5 shares into ordinary shares in roles per cent, the 380,000 origina! for 80,000 fully paid ordinary ordinary shares, thus making a total to be silotted at the rate of three dividend of 8 per cent. for the period, ordinary for each one deferred share, and allow for the writing off of pre- which will be retained and converted liminary expenses of £8,807, Icaving into an ordinary share. Each deferred 28,622 to be carried forward.
shareholder will thus held four orðin, ary in place of one deferred.
A
Share Conversion
The capital of the Products Com- pany, after smalgamation, will be £1,446,000 in ordinary shares of £1 each, of which, 1,385,000 will be fasued and 60,000 unissued
Benests of Merger
As a result of the fusion the direc
The board has formulated a scheme for the cancellation of the rights now attaching to the deferret shares and their conversion into or inary shares in the ratio of three ordinary shares for every one deferred share held. Under the scheme every deferred shareholder will hold four ordinary tors anticipate that greater economy shares for each deferred share now held that is one ordinary share re sulting from the conversion of cach deferred share into an ordinary share and three ordinary shares as the con- sideration for the conversion,
ہیں
and administrative efficiency should be attained, as one board, office and staff will take the place of the two present boards, offices and staffs, while abroad, in so far as the field of
operations the two companies covers largely the For the purposes of the scheme an same ground, the greater economy allotment to the deferred shareholders and efficiency which must accrue from of 80,000 ordinary shares of $1 each combination of staffs and operation credited as fully paid is necessary, and would be oven more considerable. In it is proposed to capitalisa £30,000 of addition, competition between the two undivided profits, and to apply this companies is eliminated. amount in paying up in full the including management, directors' fees,
They
state that the office expenses, quired 80,000 ordinary shares and dis- tribute them among the deferred rent, inspection and local auditing shareholders in the proportion indicat coupled with the necessary travelling
ed.
OIL TRADING
Eastern Products Scheme
"siderable ́/mount together to a con- |
itom for the two corupanies. A reduction of this by one-half
would approximate to about at 1 per cent. dividend on the capital after the amal- gamation, apart from any savings in- cident to reduction in stads abroad.
In addition, so far as the Products Company is concerned, that company would share the fall advantages of Shareholders of the Eastern and the recent agreement entered into, Overseas Products and the Eastern with the Margarins Union group,
110
Oil Industries have received details while the shareholders in the Oil Com- of the proposed fusion of the two pany would become partners. companies,
favourable tarms in the business of the Under
the scheme the Products Products Company. Company. which already holds
£270,000 of the £500,000 Larued capital SWIFT OF COVENTRY
of the Oil Company, will acquire the
remaining £280,000 by an exchange of
pany shares of £1 sach for every į two shares of £1 each In Oil Indus
trian
Esitern and Overseas Products was
Year
Frank H. Warder, former Superin- tendent of the New York State Banking Department, who will be placed on trial on charges arising out of the alleged irregularities of the defunct City Trust Company. The scandal following the investi gation of the collapse of the bank also caused the resignation of for- mer Judge Francis X. Mancuso also ander indictment in the crash."
When Children Grow Thin And Weak
Try Treatment With Baby's Own Tablets.
-
The Reason Why.
Malnutrition, or inability to derive nourishment from food, Is
Motor Company's Past a common trouble with little chil- 'dren, and is due to stomach`or
bowel weakness.
Another cause of loss of flesh and strength is worms.
formed in February, 1928, to carry on The trading profit on the year's a general merchanting and commis working of Swift of Coventry to July
To correct stomach and bowel sion business, and the main part of 31, 1920, is 639,078gainst £26,247 ailments in Infants and the vary. the initial capital was invested in
year. Adding transfer fees of German trading concem operating in 14, there is total of 280,008. In young is the specific purpose for eastern Europeander the title of twrest on first debentures, bank in which Baby's Own Tablets were terest, and commission absorbs, 82,687, devised. Administered › for a fow Aktiengesellschaft Iner - Osthandel,
benture-holders: require #1287 nation There is nothing equal to
*a castern Europe, and four of directers and trustee for de- days they drive out worms
capitalist, who with B. F. Johnson, of food sal in kraw
C. M. Newman, El Paso, Texas BRANCHES AND AGENCIES Batavia :* Melbourne Ban Francisco Rye, N., has sequired all the capital
Nagasaki Beattie
- Formed in 1910 as the Palestine Oreal Insurance 12,461), maintenance, and stock of the Atcheson, Topeka and Industry, the Easton Off Industries repairs Santa Fe Railroad and the Mexican- changed its name in 1928. It deals #154 Oriential lines which will be merged to in vegetable olla and fate, and in July, link Mexico to the Pacific coast.
1928, purchased an off and soap fac- pose tory at Amyr
Bombay New York Semarang Bingapore
Canton Ganka s
Haiphong Park Bourabaya Honolula Felping
a trusty
TRIUMPH
and depreciation Baby's Own Tablets to assist @balance of 23,208. teething and to quickly assuaga
tractors pro- its pains. They cool feverish
nesa, relieve, croup" and colds;; bring calm restful sleep in a per- fectly natural way, Through their
rapidly Im prove
be, colour,
Doby's,
QUEEN'S
SPECIAL
ATTRACTION!|
SERGEI STUPIN
Celebrated
Russian
'Cellist
AT ALL PERFORMANCES
TO-DAY
FOR SALE
POSTAGE STAMP CATALOGUES of LATEST ISSUE
1980. from
Boolt Stamp.
Cain
@$450
Tellier
pion
GRACA & CO. Dealers in Postag
Stamps, Religious Goods, Garden
*PO. Bet No. 690 €*** HONG KONG.