THE
CHINA MAIL,
SATURDAY, DECEMBER 21, 1929.
Н
HONG KONG AND SHANGHAI BANKING CORPORATION.
Amberland Capital or $80,000,000 Janand and Puly Pallup mummins $30,000,000 Торти Молива Bling M
-------------$14,000,000 Berts Liability of Propulsiorą $20,000,000
6,000,000
HEAD OFFICE: BUNO ZONO,
BOARD OF DIRECTORS—
W. 13. Ball, Zon, Chairman.
J. A. Plummu, Esq.
Deputy Chairman.
3. D. F. Beth. R.q.
I, Compton, Ray.
M. T. Jakason, Xiq:"
1. Lands Lewis, Kay.
ΑΓΙΟΣ
нановок
BATAVIA
BOMBAY
CALCUTTA
CANTON
CBI
COLOMBO
DAIKIN #00000
FAIPHONG
BAKBURD
WANKÓW
HAABIN
BONGIZW
TOPO
POH
доповн
KOME
KOWLOAN
W. L. Palteadan, Zec.
T. E. Parra, Esq.
T. ii. H. Hhaw, Eat.
1. P. Wamed, Eng. Chiar Manager.
Ho, Mr. A. c. 3.
KUALA LUMPUR
BELANCHES C
LONDON
TYONG
VALACCA
MANILA
WOORDEN
NAGASAKI
NEW YORK
PEITIKO
PENANO
HANDDON
FAIGOA
HAN FRANCISCO
KWANGHAT
SINGAPORE
KOURABAYA
HUNORI PATANI TIESTAIN
TOKYO
THINGTAD YOKOHAMA
*Durant &male comand in Local Curreser and deplin varved for or wear_ve shorter Brind' in Loest Currency and ung
an terme which will, he quoted on application Hong Kong, 131h Notember, 192.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHIÑA.
Incorporated by Royal Charter, 1653,
HEAD OFFICE: LONDON
| Paid-up Capital
Reserve Fund
Reservo Liability of Proprie.
Agencies and Branches;
„£9,000,000
..£4,000,000
tors
.£8,000,000
ALON STAN
KUALA LUMPUR
(Halay Blatn}
KUCINNO
AUDITHAR
RADNAH
BANGKOK
MANTLA
MEDAN
NEW YONE
PERINO
PENANO
HATAVIA BOMBAT
CAWAPORE QZDU
COLOMBO
DAIREN (Dainy.
Houth Manshunis) DENI
RAPPUOSO
(H. Manchurias
HAMBURG
HANKOW
HARDIN
HONG XOKO
ILILO
ПРОЙ
KARACHI
KLAND
KONK
TALA KANOSAN
PESHAWAR BANGCON
KALOON
SEJABANG SEREMBAN BHANGHAI SINGAPORE HOUBARAYA TAIPING
(P.M.9.)
TAVOI TIENTSIN TOKYO
TONOKAX (Duke) TSINGTAO
YOKOHAMA
ZAMBOANGA
(Philippina filands)
Y p
U.S. FINANCIAL CRISIS
QUACK REMEDIES TO PREVENT REPETITION
THE MARKET BOOM
Judging from the New York news. papers now reaching London, the chiet American nccupation at the moment is that of holding Inquests. on the late share market boom, in the opinion of the "Financial News." Attempts to 158was the damage and Foreign Exchange and General apportion the blame result in an Banking business transacted
amazingly variegated range of es Current Accounts opened and Fix.timates and opinions, Apparently ed Deposits received for 1 year or the only point on which all accounts shorter periods at rates which will agree is that n great many thou- bo quoted on application,
Perak (P"...)
A. H. FERGUSON,
Manager. Hong Kong, 8th January, 1929.
THE HO HONG BANK, LTD. (Established 1917.)
CAPITAL.
Authorized Issued Paid-up Reserve Liabilities
Shareholders
HONG KONG SAVINGS BANK. Surplus
The Nine of the gheen flash to conduct
Dhe i lyn RON AND SHANGHAT
CORPORATION. Rates may ba
abiainal and
PORITE BARA RANG. A ΕΠΑΝΑΤΑΙ BANKINO CORPORATION,
A. C HYNES.
Chef Manager.
Bon Xoan. 18th September. 1527,
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDA TRADING SOCIETT)
DANKERE
Fatehaber 182. Hong Koffie: Oneen's Road Central. Authorland Capital Gotliers 150 MIN THAT Pull-Up Capital
$£19...} Quitčara 83 Memo
LEX KA BAT.) Reports Fund ............Buildizes in non nën.
[21,813,20.)
Had 'QBoot—¡AMSTERDAM"), Eastern and Omne:-RATAVIA. ANCHES-miermin Bandeng Bomber, Cale, CMA, Diamber, · Thak- kama") The Fem"), Jeddah. Esba. Rat-Radin Makasar, Medan, Padang Pahang, Pikalongan. Pemany, on, Botterdam"), Shanghai, Shola (flamatia). Kluyor. Binabal Remysharia Binto). Tegal, gallap „ned Wifenwradun."1
* Thien supe, hava vafa Azpenik Koxen les Tok,
London Parkowi-National Provincial Baph Lk. Dependanta all over the world
Benin loss et erwy description tracker,
..P. M. ELAWNG
Bong King, 27th May, 1999.
Manager.
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
95, Boulevard Haussman, Paris.
Subscribed, Capital,Fer. 72.000.000.00 Pald-Up Capital...Fr. 68.400,000.00 Reserve Funds ....Fr.102,000,000.00 |
BRANCHES: Bangkok Hong Kong Oulahon Battambang Hua
Saigon Mengtze Shanghai Catho
Nam Dinh Singapore Canton Djibonti Neumea Thanhea
Fort-Bayard Papeete
Baiphong
Fankow
Kanoi
Tientsia
Peking Tourone Phnom Penh Vinh
Pondicherry Yannanfu BANKERS:
IN FRANCE: Comptoir National
d'Escompte de Paris; Credit Lyonnali Banque de Paris et des Pays-Ba; Credit Industrial et Commercial; 80- Glate Generale.
IN LONDON: The National Pro vindal & Union Bank of England, Ltd.: Comptoir National, d'Escompte de Paris: Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co.: French American Banking Cór- poration; Guaranty Trust Co. of New York
Interest allows na Current Ac- counts and Fixed nosits according
to arrangéțienta.
Safe Deposit Boxes to let,
of
who thought they sands of people were rich and lived accordingly are now facing the prospect of going to work again.
No one seems to have gained any thing in reputation as a result of the break, while the leading bankers who gave out reassuring statements and urged people to buy shares carly in the movement came in for a degree of outspoken Press criticism which Is remarkable. As might have been $20,000,000
8.000.000 expected, the politicians have led the 4,000,000 chorus of "I told you so's," but the remedies they propose to prevent a 4,000,000 2,219,000
HEAD OFFICES: SINGAPORE, Branches, Agencies and Correspon- denta in the principal cities 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. Incorporated by Special Imperial
Charter, 1899.
Central sok lo Fer
Beak-Noses und Aranan sigut Yan. 15,000,000 BRANCHES AND ADENCIES:
JAPAN-Tokyo. Tokoberne. Knbe. Osaka, FORLOF-Oiran, Kadi Karunko Kuns
Hickmg_ Nusta, Skinekiku, Talchu, Tsina Takao, Tamaal, Town, Haito, Taiso |CHINA 1-Shanghal, Hankow, Amoy. Foookow,
Hwalow, CanĻAM, OTHERS-Hong Kong. Sebaya.
Semarang. Pamela Bombay, London, New York. Dairen.
LONDON BANKERS:
Calcutta,
The Loudon Cously Westlaster sad Pur's Bank. The Bank has Corpolate in all the pric- alpal Commercial Cenires throughous that world.
X. HAOUBA
HONG KONG BRANCH:
1 Voua Boad Central.
Hong Kong, 19th January, 129
MATELY.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authorland Capita! (E.K. Currency) ...@11,000,000 Paid Up Capital
654,200 Bevarra Fuad
BI0,000
BRANCHES-
Canton, Boghal, Hankar, fwshow, Bangkok, New York and San Franc
LONDON BANKELI ;—
The Lloyd's Dank med. Correspondenta la all principal cities of the
World.
Fork arskaags and banking buniorm of away description urannastal
Bela Derouit Bozan (varjova size) at a yearly
19134) of from 35 36 $49.
LOOK POONG SHAN,
Chief Manager. Hong Kong, 19th February, 1927,
THE BANK OF CHINA. 行銀國中
MERCE
AND
FINANCE..
this is not very agreeable to centem- plate. The ciforts of, the American beet sugar growers to shut out Cuban and Philippine cane sugar show
how far-reaching an over supply of any easily produced com- modity can be.
General Business
In view of the active condition of general business in America there is surprisingly little optimiam express- ed as to any important upturn in security prices. Apparently the be- lief widely held up to a few weeks sgo that share prices had reached a naw permanent level was quietly dropped overnight. Many business leaders, without wishing to disturb confidence more than it has already been disturbed, hint to a continued adjustment of prices that means a lower level all around.
It will be several months before It can be known how much damage hus been done to the American banks. A few of the more conser vative bankers have been pointing out for more than a year that the banks have been tying up too much of their resources against Stock Ex- change collateral, and the huge out- put of shares, especially those of the so-called investment trusts, in the past six months makes it unlikely that the banke Improved their post- tion very much in this respect in re- cent weeks. It is around this point that a Senatorial investigation will probably centra.
Makes One's Mouth Water
Some of the livestock specially fattened at Pokfulum by the Dairy Farm. Ice & Cold Storage Co., Ltd., in order to cope with the heavy demands of pre-Christmas shoppers. Other pic tures of poultry, etc., will appear in to-morrow's "Sunday Herald."
repetition of the disaster are worse than the price collapse. One of the first absurdition proposed in the Senate is a tax of 6 per cent. on shares sold within six weeks of their - purchase, a tax which, of course, would immediately close avery Stock Exchange in the country.
Senate Not Debated
If shares are deflated the Senate certainly is not, as may be judged by the tamper of the following edi-
LOCAL SHARES
Benjamin and Potts Weekly Report
ata to:---
LATEST NOVELTIES
BEST QUALITY PRICES VERY MODERATE
AZZLING in their beauty, age-
gifts are unsurpassed as Christmas offerings. Our select stock is variously priced, enabling you to choose the desired item at a figure in accord with your gift-giving budget.
J. ULLMANN & CO.
Established 1860 JEWELLERS and WATCH MANUFACTURERS. CHATER ROAD —
HONG KONG. also at Paris, Shanghai, Tientsin, Peking.
Bar Pina
Dinner Rings Wrist Watches ett., člo.
Miscellaneous-Green Island Co- mants (Combined) advanced to $18.60, but buyers, are now only offering $13.50. Hong Kong Ropes were put through at $7.10. Lane, Crawfords at $1.85. are salcable
Watsons at $12 and Hong Kong Amusements at $28%
continue
on offer at quotations. Cotton Mills. Ewos have been in better request and were brought up to Tls. 15. Shanghai Cottons can he placed at Tis. 74.
Rabbers. The following are latest cabled quotations received fram Shanghai to-day:--
Anglo-Javas
Bayers
.Tis. 7.76
Anglo-Dutch
4.25
Batu Anams
00
Consolidateds
Chemors ....
1.26
4.DB
2.85
2.00
1,20
Tanah Merahs
1.10
1.85
6.60
Kroswoeks Repahi
Tebonga
Ziangbes
the
Raw rubber is quoted at 7%d. bay- ers. 7.15-18 allers.
Forward Settlement Day-Decem- ber 23, 1929.
Mears. Benjamin and Potts, local share and general brokers, in their.. weekly share report, dated yesterday,
The past week Loriai remarks from the "Wall Street
has seen a very 2nd Journal" "When the Stock Market erratic market and business has been bas had an all but demoralised break, on a more or less restricted scale, after some years of wide speculation but at the close the undertone is 18.278,630.00 and advancing prices, everybody in healthier. and a better demand is ex-
(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917.)
Authorised Capital ,$80,000,000.00 Pald-up Capital Reserve Fundi
HEAD OFFICE: PEKING.
HONG KONG BRANCH:
the way.
OPEN IN 1931
Largest Australian
Bridge
It Is anticipated that the Grey-
Castens low the tramway track and 8 in.
9,029,426,245 responsible position says that busi-pected as soon as the December Set-Street Bridge, which is at present
news conditions
From Element is out are 'sound'
under construction at Brisbane, the President down, what else could We take this opportunity of Queensland, will be completed in 1931. he or would he say 7 The position wishing all our clients a Merry The bridge is the second largest in of the Rock of Gibraltar I sound Christmas and a very bright and Australia; it has a total length of bat distinctly stationary. The basis prosperous New Year. 4. Queen's, Road Central..
1,650 ft., nearly half of which com of the United States Senate, is Bank-Hong Kong and Shanghai prises the approach from Grey-Street. Ohina and Correspondents in Europe, and fury signifying nothing."
Branches and Sub-branches all over sound and not infrequently sound Banks are a little easier and sales The main structure, across the River America and other parts of the world.
were made at $1,315 and $1,820. Brisbane, has a span of 295 ft. and is "For the whole summer and fall The London price la unchanged.
carried on three arches, The deck London Bankers: The Every descriptios of Banking and Provincial and Union Bank of Eng-boen kept uncertain
National the import trade of the country has
Marine
and Fire Insurances of the bridge consists of reinforced Exchange. Basinass tramacted."
and exasperat Unions were realised again at $358 concrete, which is to be 7 in. thick be land, Ltd.
ed by a needless extra session de- and have further buyers. The Guaranty Trust Company of voted to an attempt to knock to-
were placed at $696. China Fires
thick New York.
in the roadway portion; the gether an indefensible increase in New York Bankers: The Irving the whether a new tariff law is en-
were done at $310 and continue in footpath slabs will be. 4% in. thick. the general tariff, The ill-effects of
requent. Hong Kong Fires are want- The river, piers will be built on a National Bank
hd at
at $810, and The Equitable Trust Company of acted or not, are cumulative. They
and probably a little it below low-water level. The de
a little foundation of rock from 70 ft to 100 New York
will be felt
mora would, be in the coming holiday
paid. THE YOKOHAMA SPECIE BANK, conta and Fixed Deposits. Terms on with the matter probably left open,
Interest allowed on Current Ac-demand and well into next year, Macho
Harding Frew, and the contractor Mr. - LIMITED.
*pplication.
for the Senatorial output of bom "Every description of Banking. Buni- bast and claptrap is still undeffat- nosa, transacted.
Loans granted on approved secur
The Market Crash As always happens. In America, Special facilities for Home Ex- the market crash hay brought, for change.
ward, a host of dangerous proposals,
A. LECOT,
Manager.
Hong Kong, let May, 1929,
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Ratarve Fund
Yen 1085
Head Office:-YOKOHAMA, Branches and Agencies at:
Batavia
(Temporarily
DANTISIA
Canton
Nagoya Newchwang New York Osaka Peking
· Rangoon":
izen (Dalry) Fangtian (Mukdeny Beattle
Hamburg
Rio de Janeiro Saigongoing San Francisco
Semarang Shanghai Bhimopotekt
Bintrapers Sourabaya
Shipong Kong, Canton na siger of the structure is 16. A. E..
after having touch- ed 1 $27% are now on offer at this HR: Hornibrook--Engineering,
with sales reported at $27AR. Waterboats, are enquired for at $213%. Shell Transports have receded to 95/- Proferred Indes
At 487 and Douglas Steamships at $25% are nominal.
Docks, Wharves
at
Womanly Fascination
and 'they' are already a matter of China Providents were gold the and personal attractiveness in man,
the breath. One of the commonest
BHOU J. CHEN,
depend in no small degree upon Manager. concern to the more conservative outset, at 85%, but have stace harden
citizens. The price of wheat was ed and business has been at $5.46. the condition of the skin and of badly hit when shares de rushed at $32M: Kowloon Whaves have causes of facial eruption and of Whampoa Docks continue in demand THE MERCANTILE BANK OF the Federal 100,000,000 to use in weakened and are obtainable; at $148, blotched and yellow skin is con-
forward with what ameant to pegging the price Shanghai Docks closed appreciably stipation. It Hikewise respon of wheat is obvious that this higher at Tia. 100. New amount of money, which works ont igs are unchin New Engineer sible for most fil-smelling breath. at about 13 each for the farm non-Lands, Hotels and Buildings--Hang
the United Stater alone, Kong and Shanghal Hotel wire
effect on the price ed to 1. fair extant from $114
INDIA, LTD.
· HEAD OFFICHER
25, Ozaznakartın. Birsel, London, S, DA;\,
Authorised Capital £3,000,000 Subscribed Capital... 1,800,000 *Paid-up Capital ....... Rev. 1,050,000. Reserve Fund and Rest 1,612,047
··BANDERS /
Bateria (97) Landa 2700 Bombay Karachi, Aj-
Fong Kong
lation of the
can
have little
To dispel Constipation nothing. better exists than Pinkettes, the
dainty litle laxative lyez regula of the world's most widespread com to $12 on the news of the sale of tom. Sick headaches, bllious at modity, but it is clearly a dangers the
Hotel, but owing to lack fatulence ounprecedent, and one which will Sprukteve, not have to wait lang for other, New York claims for relief from various groups
.Shanghal"
oncobant of the vertigo, pimply
lo
who have been hit There is already Estilen he
plan to appropriate an equal som Kong Lands hires Bue for the cotton growerspoon VES
808% and 1644
There 10% drinet possibility that
the United States. Gevrensient will. **
fet itself tied up with number of
problems of commodity dance which the cán:"searcely | fail to ruralt^in^
greats, lossa o Thai whole, Chrend world, pricase in downward, and, with? #m férresäing@gold supplies.
Hirse that waye Ba
Humpli
plexion are que their use. Your
at 00:
'PINKETTES
Necklaces
Bracelets Ear-Rings Lavallieres
etc., etc.
Cure Sore Throat
and prevent dangerous infectious diseases by taking Formamint. Give Formamint to your family too. It will destroy the germs in mouth and throat before they can do any harm,
FORMAMINT
The GermKlling Throat Tobjef.
RADIO SUPPLIES Electric Gramophones
& Motors
Tone Arms and Sound Boxes. Super Elto Outboard Motors. RUDOLF WOLFF & KEW, LIMITED,
1st floor.
54, Queen's Rond. Central,
CHRISTMAS
Tal. G. 2172.
GIFTS
Your problem of selecting the right article will be easily solved if you pay a visit to our store.
A large and beautiful selection
to choose from for the
YULE TIDE GIFT,
KASHMIR SILK STORE
OPPOSTTEQUEENTS THEATRE