2
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorlack Capital
$60,000,000
Lamed and Pails Pald-up $30,000,000 Bar Padam
Bathing www 0,000,000 Silver
14,000,000
are Liability of Proprietors $30,00,000
HEAD OFFICE, BONO COND.
WOARD OF DIRECTORS,-
W, IL Bell, Bad.
Chairman.
1. à. Plummer, Baq Deputy Chalrusen.
B. D. F. Baith, Meg.
1. E. Dompion, Esq.
M. T. Jakason, Reg.
B. Lander Lewis, Esq.
AMOT
MANGKOK
GATAVIA
BOMBAY
GALCUTTA
·OLETON
TEKPOO
-OOLOMBO
BANKOW
W. L. Prisenden. Eve.
T. 1. Palace, Eng.
T. H. K. NhaW, Kap.
J. R. Warren, Zes
Chlan Mazagar,
Elon. Mr. A. C. Hynon
BRANCHES 1-
LONDON LYONA
MALIUDA MANILA
NOUIDEN
NAGABAKI
NEW YORK
TRIPING
PENANG
DANGOON
RAIGON
HHANGHAI
TDATZEN
PODOBOW MLIPHONO
ДАМВОВО
SAN FRANCISCO
HARDIN
SINGAPORE
BONGREW
BOURA DAYA
FLORO
BUNOEI PATANI TIENTBIN
TOKYO
THINGTAO
101
JOBORE
KOAR
KOWLOON
KUALA LUMPER
YOKOHAMA
Current Accents opened in Loos Curren and Fixed Deposits foceived for one year, OF shorter periods In Local Currency and burling bars which will be quoted on application.
HONG KONG SAVINGS BANK,
The Danine of the above Back is conduct.
* HONG KONG AND SHANGHA
CONPORATION. Bulas may be
abeload on spion.
FOR THE LONG KONG & BILANGELAZ BANKING CORPURATION.
C. HYNES,
Chia Macaque
Rong Kong, 18th, Beptember, 1999.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(HETEROLANDS TRADING SOCIETY)
ВАНЖЕВА.
Established $4.
Bong Kong Ofoe:-M. Queen's Bond Central, Buthorized' Capital
P-lip Capital
Reserve Fund
Culiders 180.000.000
{£12,500,006.) Gullkari 80,900.000
(25,560,007.) Guilders' 40,000,000- (45,138,890.)
Bed ((AMSTERDAM"}, Eastern Head Ofon:-BATAVIA, BRANCICES —Ladjenusala Fandorag'). Bombuş,
|
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 .....*
£8,000,000
.£4,000,000
£3,000,000
Agencies and Branches:
ALOH STAR
(Malay)
KUCHING
AERITHAB
MADRAS
BANGKOK
MANILA
MEDAX
NEW YORK
PENANO
HATAVIA BOMBAY
CALOUTTA
CANTON
DAWNPORE ORBU
COLAMBO
DAIREX (Duny,
Bouth Manchuria)
DELI!!
HAIPHONG
HAMBURO
HANKOW
HAMBIN
(2. Manchuria)
LÒNG TONG
ILCILO
IPOH
KARACHI
KUALA LUMPIA
PEKING
PESHAWAR BANGOON KAIGON
REMARANG
BERZVBAK
SILANORA!
BINAAPORE
BOURADAYA
TAIPING
(P.M.B.)
TɅVOX
TIENTHIN TOXFO
THE CHINA MAIL,
COMMERCE
AND
FINANCE.
· COTTON DUTIES
New, Egyptian Tariff Bill
Cairo, Yesterday,
The new Tariff BRI to be submitted to Parliament includes dutlers on cotton goods varying according to their
MR. INSTONE BREWER on to ask my opinion. I am afraid categories ranging for unbleached
CHARGED
· FURTHER EVIDENCE BY MR. ROSS
"NOBODY DEFAULTED"
I cannot
goods from 18 to 42; for bleached from You cannot say if that is a 27 to 70; for coloured from 35 to 105, secured loan?—I can't say any-and printed from 36 to 160, (ail mil- thing under the circumstances. lismes par net kilogramme)
If a lien
Mills to Close Down on the shares is a
New York, Yesterday. security in law, are not these secured loana7-You.... No, of the Federation of Master Cotton
A meeting of the American section
I cannot agree that a loan on the Spinners, after a speech by the Pre- secured aident on the critical state of the in- company's shares is a
dustry, decided to recommend all spinners of American cotton to close, The magistrate: Supposing it is the mills from December 23 to 28 the law that a lien on the Com-Inclusive-Reuter. pany's shares is a valid security, would it then become a secured loan?—Yes.
The whole of the sitting yester-loan. day afternoon in the case in which Mr. Noel Instone Brower, President of the Instone Banking Corporation (in líquidation), is charged with Foreign Exchange General alleged offences under the Perjury
KLAYO
КОРА
KUALA KANGSAR
Parsh (P.M.8.)
TONOXAI (Blocksi) TSINGTAO YOROHANA ZAMBOANGA
(Philippine Taizoda)
and
Banking business transacted.
and Larceny Ordinances, was again
Mr. Davidson: Then on that s Current Accounts opened and Fix-occupied by Mr. S. Hampden Ross, sumption this statement (regarding ed Deposits received for 1 year or Liquidator of the Bank, who was the collateral securities) is a cor- shorter periods at rates which will
lengthily cross-examined by Mr. E.rect statement ?-As far as be quoted on application.
Davidson, for the defence. On com- wording is concerned, that is cor A. H. FERGUSON,
Manager. pletion of Mr. Ross's examination rect, but In view of the fact that Hong Kong, 3th January, 1920. the case was again adjourned, the assets were worth nothing, it Mr. Davidson began by dealing was still a mistake in the balance with collateral securities. He sheet. When I say it is worth no- asked if it was not correct that thing. I mean it is worth nothing loans under this head were secur-like the amount it is stated to be ed by shareholdere in bonds of worth. call.
THE HO HONG BANK, LTD. (Established 1917.)
Authorised Issued
Paid-up
CAPITAL.
Reserva Liabilities of
Shareholders
Surplus...
$20,000,000
Mr. Ross agreed. 8,000,000 4,000,000 These were definite promises to pay various sums of money by 4,000,000 the shareholders?—Yes. 2,210,000 Assuming they were valid
That is your opinion?-The facts have proved it to be so.
How do you prove the facts?--It has not been possible to collect this Since the Company went into
money,
HEAD OFFICES: SINGAPORE. Branches, Agencies and Correspon- deeds, they were in fact assets?-liquitation --Yes. dents in the principal cities of the No. 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: Talpeb, Formosa. Incorporated by Special Imperial
Charter, 1899.
Central Bank in Farizace.
Bank Noter_lawed Average amount ...Xen. 15,000,000 BRANCHES AND AGENCIES.
JAPAN Tokyo Yokohama, Kobe, Osaka,
{ FORMOSA :—Girsa, Kagi, Karenko,
Makong Nanto, Bhchiku, Trichu, Tal Takao, Zameul, Tora, Unke, Jalko CHINA 1-hanghai, lankaw, Amy, Foodbow,
Buslow, Casion.
TIN MERGER
Company To Be Formed With £5,000,000
London, Yesterday.
It is ometally announced that a merger haa been provisionally agreed upon by four important tin smalting companies, namely the Cornish the Eastorn, the Penpoll, and Williams Harvey Company.
A holding company with an au- thorised capital of £5,000,000 Is to be formed; shares of which will be offered in exchange for shares of the four companies.-Reuter. New York, Yesterday. Is it not a fact that the Official The "New York Times" understanda
these 7-As far as I know, no money a merger of independent steel com- has been collected against these panies in the Middle West corabining total assets of 500 million dollara. loans.
To go back to the original ques-The Eaton Otis Mather interests are tion. This statement, on the same
sponsoring the merger, Reuter's American Service. assumption, is verbally correct?— Yes,
Why not? Because they were Receiver collected money against that scheme is being completed for not realisable.
were
Assuming they
valid deeds, they were assets?-If they were worth nothing they could not be assets.
I regret, Mr. Rose, I have not assumed they were bad deeds and you have no right to assume that! I have every right to assume it since I am investigating the case. If they are valid debts, they are assets? No.
They are described as collateral security loana ?—Yes,
|
On the other side of the balance
sheet, these sums are included in the paid up capital?—Yes.
They had to be included in the
asset side in order to balance the balance sheet?—No.
IN A HURRY
Ex-President Does Not Stop
train en route to Mexico City. A de-
Why not? It is not necessary to include anything in the balance Will you take it from me that sheet to make it balance. Cultur
From
Laredo, Tex., Yesterday. collateral security means
Ex-President Calles, who faces Just your point of view they have credit- security, or do you
suggest ited capital and debited loans and murder, has arrived here on a special charge In Mexico of conspiracy to OERBongo King Sourbare means something else under therefore they balance.
stand it means additional secur-
"Issued and Subscribed Capital" tachment of United States marines Ity.
Regarding issued and subscribed boarded the train, which did not stop. Every one of these deeds was capital, however wrong it might-Reuter's American Service secured by a lien on the share-have been to include it in the holders shares?-In my opinion balance sheet, it is correctly des that is not security.
cribed there. The issued and sub-
Kambay Calmatta Loudon, New York,
LONDON DARKRES
Cascate, Charbon, Djamber, Djk jakaria") The Llague”), Jeddah, Kobe. Kota Badia, Makassar, Medan, Padang Palazibang, Pekalongan, I' Pontianak, liangoon, Buthredsin lef The London County Westminster sad Parts Bank. Famarang), thoughal, Sibolga (Bamatra Bingapore,
The Bank hag Correspondania. In all the polo- Böseskarta (Raldo). Tigal, Tillatjap|cipal Commercial Canizes throughout the world. and Weltevreden. I
"K." NIGUBA,
Boscebat,
* Thans allow havu sulu saposis kosa to Tal
London Bankery
Forrespond
Provincial Bank Ltd. all over the world
Mausger
DONG KONG BRANCH:
24, 29 VORUx Road Content, Hong Kong, 19th January, 1999,
Banking business of stay description trasasoladi.
F. M. ELBERG
Manager.
Gong Kang. Tiủ May, 1929.
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:"
96, Boulevard Haussman, Paria.
Subscribed Capital Fr. 72,000,000.00 Paid-Up Capital...Fre. 68,400,000.00 Reserva Funda ..Fr.102,000,000.00
BRANCHES:
Bangkok Hong Kong ulahon Battambang Hus
Saigon Shanghai
Baths
Mengtza
Canton Nam-Dini Singapore
Djibouti Neumes
Thanhea
Tientsin Tourade
Fort-Bayard Papeete Haiphong Peking Hankow Pnom Penh Vinh
Hanoi
Pondicherry Yunnanfu BANKERS:
IN FRANCE: Comptoir National d'Escompte de Parla; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel at Commercial; So- clute Generale.
IN LONDON: The National Pro- vincial & Union Bank of England,
I am not asking your opinion! scribed capital is $2,618,2607-No. -Well, you said it was a secur-The Issued capital was $1,700,000
THE BANK OF CANTON, LTD. ty.
Established 1912,
Head Office Hong Kong.
Authorised Capital (IX. Currency) ...$11,000,000 Paid Up Copal -
8,804,300 Beserve Fund ---
50,000
BRANORES:-
Canton Shanghai, Baatow, Batow, Fangkok, New York and Ban Francisco
LONDON BANKERS
The Lloyd's Bank Ltiled. Correspondente in all principal cities of the World+
Foreign exchange and banking bualname of every descripUon trensasiei.
· Rada Deposit Batzen (various sises) að a yearİy rental of "from $5 to 240,
LOOK POONG SHAN,
Chief Manager. Hong Kong,, 19th February, 1927.
THE BANK OF CHINA. 行銀國排
(Specially Authorised by Presidential
Mandate of the Republic of China on the 22nd of November, 1917.)
Ltd: Comptoir National d'Escompta Authorised.Capital
Faid-up Capital Reserve Fund
de Paris; Credit Lyonnais,
IN NEW YORK: J. P. Morgan & Co.; French American Banking Car poration; Guaranty Trust Co. of New York.
Interest allowed on Current Ac- counts and Fixed Vanonita according to arrangementa.
Every description of Banking and Exchange Business transacted.
Safe Deposit Boxes to let.
A. LECOT,
Manager. Hong Kong, 1st May, 1929.
What is a Secured Loan? Mr. Davidson referring to the form of application asked witness to assume that it was a security. He then asked: "If that is a secur ty are these secured loans?-You are asking me to accept your ver- alon of the law and then you go
THE MERCANTILE BANK OF
INDIA, LTD.
HEAD OFFICE :
BANKERS:
15, Gracechurch St1994, London, B. OL Authorised Capital ....£3,000,000 Subscribed Capital 3,800,000 Paid-up Capital
1,050,000 Reserve Fund and Rest 1,612,047
The Bank of England & Hidland Bank, Ltd.
BRANCHES
New York
Pork Bosia (Meur!ilus) Itangson Shanghai Sta
Bai grok Ipoh Batavia. Babay
Osieusta
$60,000,000.00 Dallombe
Dsibi
Randy Karachi
·
Kota Bhar Kuala Krai Kuala Layla 18,278,000.00 Dail Kuala Lumpur Slagapore 9,629,425.24 Hong Kong Russian (Pahang) Bourabaya
Blowish, Madras
NEAD OFFICE: PEEING.
HONG KONG BRANCH:
4, Queen's Road Central. Branches and Sub-branches all over China and Correspondents in Europa, America and other parts of the world. London Bankers: The N. tional Provincia! adit Union Bank of Eng- land, Ltd.
The Gouranty Trust Company of New York
New York Bankers:—The - Irving National Bank.
The Equitable Trust Company of
THE YOKOHAMA SPECIE BANK, New York
LIMITED.
Established 1880.
interest allowed on Current Ac counts and Fixed Deposits. Terms on application.
HONG KONG BRANCH, Every description of Banking and Exchange busla trabanded.
Travellers Cheques Issued,· Trustee and Executorships, under- taken.
INTEREST allowed no Darrent Acovania and Fad Deposlis si Maim that may be scurtatzeć
application.
CLOBANDES,
Manage 7, Queen's Boad Ouitri,
Hong Kong, 1st November, 1929,
odd.
I am asking you to asume that the application for shares were good applications. If that is 80, then it is not false to say that the issued and subscribed capital was $2,613,2607-If the applications were good and application money had been then take it that this statement received, should
"Issued and Subscribed Capital" was correct.
I
Regarding Mortgage and Long Term Loans, is there not some mortgage en property of the Instone Banking Corporation 7-Yes, I think there is, but at the time of the balance sheet, the mortgage had not been granted.
Are you prepared to swear that the mortgage was taken out after the balance alieet?
Mr. Fitzroy said that the mort- gage would in due course be pro-) duced.
Mr. Davidson: "It has been ad- mitted by Mr. Fitzroy that nobody has been defaulted by this balance; sheet, You would know if there was anything in the books to show that Mr. Brewer ever made a cent out of the Company 1--No. He never mmade a cent apart from his salary.
Witness was briefly re-examined j by Mr. Fitzroy, and the case was adjourned until Saturday morning
at 11.16.
BUSINESS DIRECTORY
Every description of Banking Busi-BOOKBINDING. ness transacted.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund.......Yen 108,500,000 Item
Head Offices-YOKOHAMA,
Branches and Agencies at: Alexandria
Nagoya C Newchwang
Batavia Bombay Exzenos Ayran
Hemporarily
- closed);
Calentts
Canton
Changchun
· Dairen⋅ (Dalny)
New York
Osaka
Peking
Rangoon
Rio de Janeiro Saigon
Ban. Franciaco
-Fungilen (Mukden} Ses
Loans granted on approved secur-
Special facilities for Home Ex- change.
SHOU J. CHEN,
Manager.
THE BANK OF EAST ASIA, LTD. PA
HEAD OFFICE HONG KONG. 10 Des Voeux Road Central,
Authorised Capital:. Fald
Capital
$10,000,000 $75,000,000
THE NEWSPAPER PRISE LTD,
ENTER
for Superior Binding. "China Mail" Offices,
3A, Wyndham Street, Tel: 0.22.
DENTIST.
HARRY FONG, Dentist,
1st floor, No. 34, Queen's Road Central. Tel C. No. 1265.
CTRICAL SUPPLIES.
HE GLOBE FOOK CHEONG
CTRICA
SUPPLY CO., LTD. Road, Centralė.
FOR BETTER PRINTING.
THE NEWSPAPER ENTER-
PRISE LTD,
General and Commercial
Printers,
"China Mail."
Offices,
BA, Wyndham Street, Tel.:G.22.
HAIR DRESSERS & BOOKSELLERS
LEE TEE
Ladies and Gentlemen's Hair Dressers & Booksellers, Ken No. 12, D'Agullar Street (opposite Queen's Theatre).
OPTICIAN
1.P. 750,
PEPS
Ward Off
Dangerous Colds & Chills
Take PEPE as a remedy sad preventive of night think, podden celos, are swasta, bat bought, bennotatie, aathen wed her freshies, ato. Of chemulate and medioine dealers veryutions,
WEDNESDAY, DECEMBER 18, 1929.
MAC'S CAFETERIA
(Hong Kong Hotel)
and
PENINSULA HOTEL CAFETERIA
are now showing a Cholen selection of FESTIVE SEASON · SPECIALITIES.
BEAUTIFULLY DECORATED
CHRISTMAS AND NEW YEAR CAKES Plum Puidings, Mince Pies, Madeira, Stollen, Cherry, Ginger, Iced, Dundee and Shortbread Cakes.
FANCY CHOCOLATE CHRISTMAS TREE
DECORATIONS—— Violins, Gultars, Chickens, Elephants, Snowmen, Pigs, Monkeys, Moon Faces. MARZIPAN NOVELTIES-
Pizs, Apples, Pears, Plums, Strawberries, Apricots
and a fine selection of Imported Chocolates in Fancy Boxes and Caskets, including Frys, Cadburys, Rown- trees, Nestles, Mackintoshs, Neilson's of Toronto and Foster and Orear of San Francisco.
ALL MODERATELY PRICED.
THE HONGKONG & SHANGHAI HOTELS, LTD.
WARWICK REVUE
OWING TO
STEAMER
DELAY THE COMPANY
WILL OPEN on
FRIDAY Dec. 20th.
AND NOT ON THURSDAY,
DECEMBER 19th, AS
PREVIOUSLY ADVERTISED
URGENTLY REQUIRED OLD BLANKETS
THE HONG KONG BENEVOLENT
SOCIETY
(Established 1889)
will be very glad to receive them at the City Hall,
Every MONDAY and THURSDAY at 10.30 a.m.
JUST IN TIME FOR CHRISTMAS!
GAS
"We are now fixing
FIRES at
a NEW LOW
SCHEDULE RATE OF $5.00 ONLY (In houses already connected to our mains).
Hire terms-$5.00 per annum
(also on sale, cash or instalments
SEND YOUR ORDER TO-DAY.
USE THIS SPACE (cut out and hand in or post to any of our addresses).
PLEASE FIX A GAS FIRE ON ABOVE TERMS.
(FIXING CHARGE $5.00, HIRE $5.00 PER ANNUM),
Name
THE HONG KONG OPTICAL
Address
THE HONG KONG & CHINA
West Point, Hong Kong, and Jorde
AS COME
Showroom (Ice House.
Telephons Central 17.