HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorlund Capliel................ $50,000,000 derved and Pały. Pald-up meme man. $90,000,000 Rosters Funda
Sheeting.....0.000,00$ B30,000,000
Basera Kiability of Pmpresore 121,POLONG
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS 201
W, H. 1, Esq. Chairman.
1. A. Mummer, Esq.
Deputy Chairman,
D. D. F, Baith, Bag.
A. E, Compton, Esq.
M. T. Johnson, Eng.
© Leader Lamela, Zag.
AMOY
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
CANTON
CHEFOO
COLOMBO
W. L. Pitendan, Esq.
T. E. Pearce, Key.
H. B. Shaw, Esq.
P. Warren, Paz.
Chier Manager. do. Mt. A. U. Siyasa
BRANCHES
LONDON LYONS
MALACCA
MANILA
MOUKDEN
NAGASAKI
SEW YORK -
TRIPING
PESANO
BANGIOON
SAIGUIN
SHANGHAI
SINGAPORE
SOURABAYA
DAIBEN
7000KOW
HAIPHONG
HAMDUNG
BAN FRANCISCO
HANKOW
HABSIN
BONGXEW
HOO
BUNUH PATANI TIENTSIN
токуп
THINGTAO
IPOH
JOHORE
KOBL
KOWLOON
KUALA LUMPUR
YOKOHAMA
Current Accouble opennt in Lucal Currency and Pisad Deposita tersired for a year or sacriar periods in Local Curtsury and Berling
an terse wide will be qualad on applicatkat.
1
Kong, 13 November, bita.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Roval Charter, 1853. HEAD OFFICE: LONDON. Paid-up Capital
Reserve Fund
Ieserve Liability of Proprie
£3,000,000 £4,000,000
tors ***
£3,000,000
Agencies and Branches:
ALOB STANZ
(Mday Babes
KUCHING
AMBITSAR
ПАРОБОД BATAVIA BOMBAY CALCUTTA CANTON
CAWNPORE
CEDU
COLOMBO
DAIDEN (Dolay
Pouth Machuria) DELHI
HARPHONO
ITALBOTH
HANKOW
SABOJN
HÒNG 30NG
(N. Hanchuriaj
ILOILO
KARACHI
KLANO
2002
KUALA KANGSAR
Perak (F.M.)
KUALA LUMPUR
MADRAS
MANILA
MEDAN
NEW YORK
PREINO
PESANO PESHAWAR TIA3000X HATOON SEMAHANO SEREMBAN NILANG AL HINGAPORE SOUTABAYA TAIPING
TIRNTSIN TOKYO
TONGKAH [Bisukat)
THINGTAO
YOKOHAMA
ZAMBOANGA
(Philippine Islands)
Manager.
THE CHINA MAIL,
RUSSIA'S OUTPUT OF OIL
ESTIMATED PRODUCTION OF 100,000,000 BARRELS
INDUSTRY'S FUTURE
COMMERCE
Oll production in the Soviet Union for the fiscal year ending September 30, 1929, is estimated at 100,000,000 barrels,
according to the Amtorg Trading Corporation, Soviet trade re- presentative.
AND
FINANCE.
FOR
Gift Hints
THE WORLD
buyers at $274. Preferred Indos have kept steady at $40. Douglas Steamships are idle round $264. Shell Transports are a shade higher at 97/- Waterboats can be placed at $21.
Docks, Wharves and Godowns.- China Providents were in good de- mand and were bought up to $5.10. Whampoa Docks are wanted at $32%. Kowloon Wharves
are quoted $145 for cash with no business reported. Shanghai Docka at Tls. 94, Hongkew Wharves at Tls. 100 and Now En- gineerings at Tla. 7% are all nominal.
Lands, Hotels and Bulkings-Hong Kong and Shanghai Hotels ruled easier and were sold down to $10.80, but at the closa have been done and are asked for at $11%. Humphreys Estates changed hands at $14.35 and Hong Kong Lands at $04 $14.40. and Realtys at $7,00 have buyers at quotations.
Although no figures for Soviet pro- Foreign Exchange and General daction have yet been compiled by the American Petroleum Institute Danking business transacted.
Current Accounts opened and Fix- their statistician told the United od Deposits received for 1 year or Press that "he believes Russia would which will retain her third place in the world shorter periods at rates
Public Utilities—A small decline oil production, ranking directly under be quoted on application,
According to the Insti- has occurred in Hong Kong Electrics Venezuela. A. II. FERGUSON,
figures, tutes
Russia produced to $64. Hong Kong Trams are te 87,800,000 barrels of crude oil inbe had at $184. China Lights (Old) Hong Kong, 8th January, 1920.
1928.
have had a sharp move upwards and after sales at the outset at $104 are now in demand at $17%, with little stock_offering. Peak Trams (Old) have-lapsed to a nominal quotation of 811%. Telephones can be placed at $7.80.
Green Island Cements (Combined) were realised at $12% and $12.80, and there are fur- ther buyers. China Sugars are en- quired for at 90 cents, while Watscos at $12 and Amusements at $28% can be had at quotations.
THE HO HONG BANK, LTD.
Authorized Isaued Paid-up
HONG KONG SAVINGS BANK.Reserve
The Bule of the bora Bank la quadust
by the HONG KONG AND SHANGHAI
BANKING CORPORATION.
obalmed on loo.
Bules mag Емо
FOR THE HONG KONG & BELANOHA BANKING CORPORATION.
1. C. HYNES,
Chief Hanger
Flang Kong, Jeth September. 1927.
NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V. (KETHERLANDS TRADING BOCIETY) BANKERS.
Einband 1824 Hong Kong Odor ș~~ Queen's Hood Central. Authorland Capital ......... Quliders 130,000,000
(£12,000,000.) Pald-Up Capitat Qvülere 60,000,000 (1,680,667,) BNCTI Fred
... Guilders 43,000,000- (23,290,895.)
End :-{AMSTERDAM'). Eastern food Office:-DATAVIA. 18&NCHES:—Bandjuomasin Basdong'), Dombay. Calcutta, Chartban, Djecom, Djoki jakarta') The Maquo'), Jeddah, Kobe, Kota Badia, inkassar, Medan, Padang Talorabang, Pekalongan, Penang. Pouliana Rangoon, Rotterdam), Samarang), Bhanghai, Bibig (Sat), 6ingapore, Boarabal Boerakarta Bola)," Taput, Tjilatin and Waliosaken.'
"The office har sats deposis tore to lat. London Banker-National Provincial Bank Lid. Formands all over, iba word
Banking business at story description trasted.
P. M. XLUE BAJ
Manager.
Hong Kong, 27th May, 1927.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE: 96, Boulevard Haussman, Paris.
Subscribed Capital,Frs. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000.00 Resurve Funds ....Fre.102,000,000.00 BRANCHES:
Hong Kong Quinhon
Saigon
Bangkok Battambang Huo
Cantho
Mangtze Shanghai
Cauton Djibouti Fort-Bayard Papeate
Nam-Din Singaporo Neumen Thanhea Tientain Tournne
Baiphong Paking
Rankow
HANOI
Pnom Penh Vinh
Pondicherry Yunnanfu BANKERS:
IN FRANCE: Comptoir National
d'Escompte de Paris; Credit Lyonnais; {
(Established 1917.)
CAPITAL.
.$20,000,000 8,000,000 4,000,000
Liabilities of
4,000,000 2,210,000
Shareholders Surplus
HEAD OFFICES: SINGAPORE. Branches, Agencles and Correspon- dents in the principal cition of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Manager,
Hong Kong, 15th May, 1929.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)
HEAD OFFICE:-Taipeh, Formosa. Incorparated by Special Imperial
Charter, 1999.
Castral Bank in Formoss. Bank Note Lead &Yutage ampuhi ... Yen, 45,000,000 BRANCHES AND AGENCIES: JAPAN:-Tokyo, Yokohama, Kobe, Osaka.
Kaalsurg Kagi, Karenko, FORNUSA-Din,
lakong, Nanto, Shinebiks, Talabu, Tairan, Tak Taman, Torg. Haito, Taita QUINA :—Nhanghai, Hankow, Amoy, Foodbow,
Stow, Canton,
OTHERS:~tiong Kong, Bingepure, Bouzabarn,
Semarang,
Baby. Calouste
London, New York, Dalrat
LONDON DANKEES
The London County Wamitter and Parr's Bank, The Bank bas Correspondents in all the prin elpa Commercial Centres throughout the world.
E. NAQUBA,
HONG KONG BEANCH:
& Voux Bond Contzak. -Hong Kong, 19th January, 1933.
Manager.
THE BANK OF CANTON, LTD,
Established 1912.
Head Office-Hong Kong.
Authored Capital (II.X. Cutroney) ...$11,000,000 Paid Up Capital 8,004,200 Beserve Fund M
860,000
BRANCHES-
Production of 100,000,000 barrels constitutes an all-time record for Russia, anys the Amtorg Corporation, and represents an increase of 17, per cent, over the previous year and 49
Julius Rosenwald, wealthy Chicago merchant, pledged his fortune without limit to guarantee the stock market ac- counts of the 40,000 employees of his company. Mr. Rosenwald decided to take this action, it is said, following the market drop at the end of October.
per cent. over the last pre-war year. Refining and drilling operation kept pace with crude oil production during the year. The kerosene output of 17,150,000 barrels showed an increase over the proceding year of 23 per cent. while the gasoline production of
Miscellaneous,
Cotton Milla-Ewos have had a farther setback and after sales in the beginning of the week at Tbs. 14.70 the market has fallen away to Tls. 14.20. Shanghai Cottons (Old) are quoted in the neighbourhood of Tia. 74 with no business reported.
Forward Settlement Day-Decem ber 23, 1929.
LONDON TO US.A.
First Steam Engine in 1753
!
At a meeting of the Newcomen Soelety, held at the Science Museum on October 23, two papers were read, the first of which dealt with the valve gears of the early Newcomen engines. The authors, Mr. C. 0. Becker and Mr. A. Titley, had made a critical examination of anch in- formation as is now available, and it was shown that there is no rea Pon to doubt that the engine was not from the first entirely self-act- ing. The steam valve was adapted from that of Savery, and Newcomen's contrivance for working it proved so successful that I emained practical-
SATURDAY, DECEMBER 14, 1929.
OF SPORTS
IDEAL PRESENTS FOR THOSE WHO
"PLAY THE
TENNIS
The Famous "Light Blue” and "Top - Flite
Rackets $25.00
39
GAME”
GOLF
Set of Jack Whites
Rustless Irons.
$78.00
Set of 3 Woods
$55.00.
CRICKET
"Herbert Sutcliffe"
Bats $24.00.
Patsy Hendren Test Bats $24.00
LANE, CRAWFORD, LTD.
THE SPORTS HOUSE THAT GIVES SERVICE.
ly unaltered till the time of Smes- GOLD BAN REMOVAL
107.
The second paper was by Mir. L. F.
Canton. Shanghal, Hackow, Swator, 8,100,000 barrels represented a gained, and smelting and refining not be-
Bangkok, New York and San Francisco,
LONDON BANKERS --
The Lord's Bank I.fied. Carronpondente in all prinopal cities of ide World.
Foreign change and banking batus of Tery description.
Hals Depot Duzes (recious sizes) at a year'y I of trom 3 to U.
LOOK POONG SHAN,
Chief Manager. Hong Kong, 19th February, 1927,
THE BANK OF CHINA,
行銀國
中
Banque de Paris et des Pays-Bas (Specially Authorised by Presidential
Credit Industrial et Commercial; So- clete Generale.
de Paris; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co. French American Banking Cor- poration; Guaranty Trust Co. of New York.
Mandate of the Republic of China
on the 22nd of November, 1917.)
of 28 per cent. over 1928.
the
Effected
Lores, and was entitled "The Firs How Spinning Mills Are Steam Engine in America." In 1714, or 1715, copper ore was discovered on land in New Jersey belonging to Arent Schuyler. Mining was start
Although they will be temporarily ing allowed in
favoured by the coming removal of Colonies, the ore as sent to the Bristol Copper and the gold ban, as they will undoubt Brass Works. By 1731, no less than edly be able to import the material raw cotton from the United States 1,386 tong had been shipped.
Arent Schuyler died in 1731 of Japanese cotton spioning companies at a romarkably low price, the 1732, and the mine was then carried will suffer a heavy blow. In the near en by his son, Colonel John Schuyler, future, by the epochal financial event till about Afteen years later, when in Japan, as it will make the de- mining became unprofitable owing to
the dimculties with water. Informa-mand for cotton goods wave and the tion had reached America about the export price much higher than be- new "Are, engines," and Colonel fore, writes the "Osaka Mainichi."
Those companies have so far with- Schuyler accordingly placed an order
In July
Oil Exports Increase Oil exports for the year showed a gain of 27 per cent over the pro ceding year and over three and one-
mes the exports half times
for 1913. most Constituting the
important class of machinery purchases made by the Soviet Union In the United States equipment for the petroleum industry valued at $9,000,000 WAS bought during the fiscal year of 1928-29.
There has boen
for an engine with the Hornblowers, held importing the U.S. raw cotton, a aystematic in- provement in the methods of produe of Cornwall, requesting that an en-expecting a further advance of the tion along with the increase in ac- gineer be sent to America to erect Yen, and their purchase of the U.S. raw cotton for the next year's opera soil, according to the Amborg book- Though the exportation of machin-tion is very small this year, not
al barrels of off taken from Soviet and set it in operation. lat. Soviot oil fields formerly under ery was forbidden, the engine was
more than one half of the usual pur- steam power generation-now are al- built, and on June 8, 1753. the ship chase.
"Irene" left London with it aboard. The consumption of TLW cotton IN LONDON: The National Pro-Authorised Capital ....$60,000,000.00 the method of extracting oil by ball- most 100 per cent. electrified. Also
With it went Josiah Hornblower, the The raw cotton consumption in Japan
then daring 1828
was 2,558,000 bales. vincial & Union Bank of England, Paid-up Capital ....... 18,278,000.00 ing has been abandoned Ltd; Comptoir National d'Escompte Reserve Fund .........
and deep. aged 24. The passage to New York
on a declining tendency 9,029,425.24
pumping substituted, rotary drilling proved a very boisterous one, and the has been
to Hornblower's dis- since 1926. The import of гам has replaced the former percussion voyage, much
comfort, lasted no less than thirteen cotton abruptly Increased method and the cost of extraction
the curtailment of and drilling has been reduced 50 per weeks. From New York, the engine this year, when
parts were sent up the Passale Rivor, operation was removed, and some cent. within the last four years.
2,900,000 balos have been imported The Five-Year Plan for the deve and, during the course of the nexi 4. Queen's Road Central
lopment of the oil industry, recently sighteen months, Hornblower, was up to the middle of October. Branches and Sub-branches all over ratified by the Soviet Government, busil engaged In
It is expected that these spinning erecting the engine China and Correspondents Europe, calls for doubling the production by and
Though no companies will have to purchase the engine-hou-e. Every description of Banking and America and other parts of the world. 1992-33, the patput for that year be-drawing of the engine exists, Mr. sotton from the United States, China, London Bankers:-The National ing ant at 28,000,000 tens, Refining Loree said the pump had a capacity British Indis, Egypt and other places Provincial and Union Bank of Eng operations will be expanded corres-
of 180,000 gallons a day. Ready for for the next year's opera pected land, Ltd.
ponding, especially by the cracking service in March, 1755, the engine The Guaranty
Y.600,000,000 Imports Trust Company of method.
was used intermittently till 1708, The capacities of the re-
Compared with the actual imports. New York.
cently completed Grozny-Tuapse pipe when the engine house was destroy-last year, this is about 400,000 buca New York Bankers:-The Irving no and the Baku-Batum line, now
ed by fire. National Bank.
larger and the total imports, will bò For a long time it was left dere valued at more than 1.600,000,000, nearing completion will be doubled The Equitable Trust Company of and the construction of a new pipe lict tiil, in 1793, the mine was re-while last year's
actual importa THE YOKOHAMA SPECIE BANK, New York.
line from the Caspian Sen to Mos- started by to New Jersey Copper amounted to Y,549,000,000. Interest allowed on Current Ac- cow, will be begun. The rapid deve. Mine Association. The LIMITED.
The recovery of the Yon, after the counts and Fixed Deposita. Terms on topment of automobile and aviation | decided to "extend the application.
copper removal of the gold export ban, And the works by erecting furnaces and bat therefore, will enable transport in the U.S.S.R
the Japanese "Every description of Banklag Buul- mechanisation of agricultare by the, tering and rolling_milk,” The on-
cotton spinning companies to profit naks transacted.
use of tractors will put tremendous gine Was repaired by Hornblower, some Y.60,000,000 in their raw cotton Loans granted on approved secur- demands on the industry in the next and pumping was resumed. After a import, based on the calculation of
few years.
short time, however, the venture the 7.4 per cent. advance in the for- Special facilities for Hooie Ex-
proved unsuccessful, the mine was eign exchange. changa.
SHOU J. CHEN,
Interest allowed on Current Ac- counts and Fixed its according to arrangements.
Exchange Business transacted.
་
Safe Deposit Boxos to late
A. LECOT.
Manager. Hong Kong, 1st May, 1929.
Established 1880,
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
Yen 198,500,000| Itles.
Head Office:-YOKOHAMA.
Branches and Agencien at:
Nagoja Nowchwang New York
Alexandria
Extayin
Bombay Buenos Ayres (Temporarily alosed). Calentis
Cantin
Changchun
Dairen (Dalny).
Osaka Peking
Rangoon Rio de Janeiro Salgon
Franciaco
Semarang Shanghai
Pangtien (Mulden) Seattle
Hamburg
Hankow
Harbin
Hong Kong Honotala
KaiYuen
Earach
Kobe
London
Los Angeler
Slagapore
Soerabaya Bydney Tientsin Tokyo
Taranto
Vladivostok
(Temporarily
FIEAD OFFICE: PEKING.
HONG KONG BRANCH:
Manager.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE
15, Groschurah Birsel, Loadoa, 31, 0.8. : Authorised. Capital 10.£3,000,000 Subscribed Capital ... 1,800,000" Paid-up Capital ....... 1,050,000 Reserve Fund and Fest 1,812,047 BANKERE: The Bank of Bagland & Midland, Bank, IAL?
DAN BRAKOFI981
Balaria Kandy 2922- Penang › Benbey Karobli
Zori Lenté (Hawiiïus) Calenda Kota Bharu
Rangoon Vellorabo.. Kuala Krai Shurghal
Chula Kala Lumpur, Blogapore Hong Kong Chanian (Faháng), Bourébkyns |
LOCAL SHARES
Benjamin and Potts' Weekly Report
more
raw
Al
shut down for good, and later on the Some spinners, however, will be ongine, save for the cast-iron cylin. affected by the recovery of the Yen, der, was broken up. The cylinder because it will make the value of passed into various hands, was cut their raw cotton holding lower, there in halves, and one-half was exhibit by offsoting the profit in the new ed at the Centennial Exhibition of
purchase of raw cotton at the lower 1870.
price, Later on, this interesting relle The loss by the drop of the value was presented to the New Jersey of their raw cotton holding, however, Merors, Benjamin & Patia state in Historical Society, from which it may be comparatively small, their weekly shard report:
passed, in 1989, to the Smithsonian most of these spinuing companies Institution. Although Exchange has touched a
Hornblower who was have so far refrained from importing lower Javel and money continues easy bora on: February 23, 1729, conting, raw cotton to a great extent, in A the effect has not been fully reflected to reside in Americn." and died What is unfavourable for them Is ed in the local market since the date at Belleville, New Jersey, on Janu« the wane of the demand for the of our last circular, and this is at-
1809. He had served his cotton goods, following the removal Ary 21, tributed in some measure to the near Blaté as a representative in Cons of the gold embargo, and the gene approach of the heary December gress, as-Speaker in the House of eral retrenchment policy, while the Settlement and the new political Assembly, and in other ways. Mr. export will become inactive - on no- situation which has arisen in China. Lores deucribes him as tall-with a count of, the "advance of the Yen and Consequently there has been some commanding presence, courtly in his the consequent rise of the export skrinkage in dealings, but prices gen. bearing, babimple in his tastes. It price of the Japanese cotton goods, erally have been well maintained. being brought to the notice of the Banks Hobg Kong and Shanghal American members of the Newcomen Society that Hornblower's tomb in The Lotion quotation has receded to Church was falling into decay. the grounds of the Belleville Reform 8124(Middle)
berler of Banking and Mohange Banks were again dealt in at $1,825,
Travelers. Chaques. Isründ ¿Trustéo » und? Exsenta
Curren
"INTERINAL allowed
Marine, « and Fire Insurances,- Unions are Quétusted between 1988 and 1880, 42 Cantor y were, negotiated At 3695 and Hong Kong Firax at 1810,
Shipping Hong Kong, Canton and
they had the lettering restored, and, Eats April, «formally dedicated an memorial is to Hornblower: "the plogeer in i
steam in the Find sa- foramdat Star 61: her. American - Indartela)
Drive a Trusty:
TRIUMPH
the Motor that never talis you
DAIRY FARM NEWS
JUST RECEIVED
Prize Quality Wiltshire Bacon
(in rashers)
$1.20 per Ib.
NOTHING BETTER
The Dairy Farm Ice & Cold Storage Co., Ltd.
"Rub It In
For ACHES & PAINS
To remove stiffness in muscles or Jolats to relieve sprains, swellings and strains-to stop sharp twinges of rheumatism, sciatica, or pains in the back and chest, use Zam-Buk as an embrocation-"Rub It In."
This great balm contains rare ber- bal essences so refined that they are absorbed naturally into the tissues. Zam-Buk quickly drives out poison and pain; it removes inflammation and soreness in a wonderful way, 7
Sprained Ankle Theumatism-**]
sulard cribly frien
Me. M. A.
• When: 1. saverly Woulded my askin the
Kala Hakak's Lane Pallyson P.O. GAL Altenabhad medien temiment for gvor ein months, my,
dison failed to (the beers Zam‹ßuk wwever, rubbed into my making limbs, soon.
cot all polic and banished the
desidro, preseİƏRİ
SIA 28-017
s.), Chokney, of
Huther Rd., Genní Rd. P., Bomber. told me I would have xered mosh worry and expense if I had tavad an link Cat - Berg, Now I boro Zan-Bar -handyvandika pend won it ne vil jalurot
thrice a des
am-Buk