HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Cepal
Inmood and Fully Paid-up Home
Funds)—
Bring............£¤,I=1},190
130,000, (LD 0.008, COL
Boers Liability of Propelsiors ... $30,000,000 HEAD OFFICE: BONG KONG
BOARD GY. DI BECT{1BS ¡~~
J. A. Plummer, Pag.
Chairman.
C. (1.H. Mackin. Ez
Deputy Chairman.
M. D. F. Badih, Ess, W. E. B11, Eas
a.Comphoa, Bey.
Lawler Lach, Eng.
AMOT
MAROKOK
MATAVIA
BOMBAY
CALCUTTA
CAKTON
CHEFOO DOLOKBO
W. I, Patiendan. Kej
T. E. Paros, Esq.
T. H. H, Nhaw, Eng.
J. P. Warna. Eug.
Acting Whief Mana zor. V. M. Grayson, Erg
BRANCHES:-
LONDON
LYONS
HALACCA
MANILA
MILAR (Jabores
MUKIEN
ХАВАНАЕТ
NEW TORE
PRIPINO
TEXANO
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON, Paid-up Capital
Reserve Fund...
.£9,000,000
..£4,000,000
.£3,000,000,
Reserve Liability of Proprie-
Agencies and Branches:
tors
ALOR STAR
*(Bay Histo4)
AUDITHAR
BANGKUK
BATAVIA BOMBAY CALCUTTA CANTUN
CARMPORE
OSRD
COLOMBO
DAIREN (Delay.
Bouth Manchuria) DELI
HAIPHONG
НАМПОВ
HANKOW
НАНВГН
(H. Manobutrial
LIONG KONG
ILOILO
1100
ZABAGHI
KLAND
KORE
KUALA KANGSAR
Perak (Y.N.S.)
KUALA LUMPUR
KUCHING
SANELA
MARRAU
KEDAN
NEW YORK
PERING
PERILAWAR
PENANG
RANGGON
SALMON REVARANO HEREKIAN BILANGHAT SINDAPORE KOURABAYA TAIPING
(P.M.8.) PATOF
TIENTSIN TOKYO
TONGKAR (Buhol)
TRINOTAO
YOKOHAMA
ZANDDANGA
(Phlippine falando)
General
and Foreign Exchange 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.
DILLEN PODOLOW
BAIPHONG
BANGOON
BAMBUNG
SAMON
HANKOW
SAN FRANCISCO
HARRIN
SMANOHA!
HOMOLEW
RINGAPORE
IDILO
SOGRADAYA
A. H. FERGUSON,
Manager. Hong Kong, 8th January, 1929.
Проп
JOHORE
SUNGHI PATANI #1ENTRIX
KONE
KOWLOON
KUALA LUMPUR
RUKTO
PRENOTAO
YOKOHAMA
Descals opened fo Local Currency and Fixed Deponit caired for on our or perser periods in Local Burrsnoy and Barling the bed which will iw quoted on application.
H. Sikh Much, tube,
HONG KONG SAVINGS BANK.
The Business of the above Bank is conduct. ed by the HOND KOXO AND SHANGILALI BANKING CORPORATION,
shiped an application.
Balon may
FOR THY HONG KONG BHASÓNAT BANKING CORPORATION.
V. M. GRAY DURN,
Arting Chlef Maya zora
Hong Kong, 17th March, BARA
NEDERLANDSCHE .HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETY) DANKEPA.
Betablished 1834. Kong Kong Offos-11 Queen's Road Central Apkald Capital
Pull-Up Capital
Boer Tand
Guilders 356,000,000- 1213,500,000.) Ouli 20,000,000- (24,655,607,) Guilders 10,000,000
(21,693,859.)
Hand (AMSTERDAM). Kao Hoad Use I-BATAVIA.
ARAROUER :— Bandjormada Dandong) Bombs,
Calou Cberibon, Databer, Djo
THE HO HONG BANK, LTD. (Established 1917.)
Authorised laaued Pald-up
CAPITAL.
Reserve Liabilities of
Shareholders
Surplus
THE CHINA MAIL.
COMMERCE
DROP IN EXCHANGE HITS BUSINESS
'CHINA PROVIDENT COMPANY'S SATISFACTORY AFFAIRS
OVERDRAFT REDUCED
The ordinary yearly meeting of shareholders of the China Provid- ent Loan and Mortgage Co., Limited was held yesterday afternoon and in the Chairman's report mention was made of the drop in oxchange which had brought about a general curtailment in the imports of staple commodities.
Supporting the Chairman, Mr. |C. A. da Roza; were:-
Sir Robert Ho Tung and Messre, A. L. Alves, T. B. Wilson, S. M. Churn, P. M. Hodgson, N. V. L. Croucher, J. H. Taggart and the Hon. Mr. J. P. Braga. Shareholders present were Mr. A. P. Samy and D. L. King (Secretary).
has
AND
FINANCE
in net earnings which was record- ed in 1928, while Both the Gross and Net Godown earnings show an improvement in the year under re- view for which the Staff is to be
particularly
complimented,
economies effected.
In
⚫ Storage Business Good Interest on Mortgages and Over- $15,000 leas draft, though some than in the previous year, repre- sents no less than 56 per cent. of the Company's net revenue for the year; an excessively heavy lond one which cannot to carry, and show any appreciable reduction until local conditions improve sufft- eiently to enable us to realise the properties mortgaged to the Com- pany. A complete liquidation of Loan securities would afford us relief on interest account to the extent of some $13,000, and I am pleased to inform you that the liquidation since the date of the Balance Sheet, previously referred to, has contributed some $11,000 to that end. During the first soven months of the year, earnings were well maintained, but the drop in exchange since then brought about curtailment in imports of staple commoditles which was inevitably reflected in our revenue towards the end of the year. No further decrease in volume of business has been shown this year ao far, and the Company continues to receive a good share of the storage busi- ness offering.
Chairman's Speech $20,000,000 8,000,000
The Chairman addressed the 4,000,000 meeting
follows: Your 4,000,000 Board
pursued its policy 2,210,000 of quidating Loans made by HEAD OFFICES: SINGAPORE. the Company, and has disposed Branches, Agencies and Correspon of Property to the value of $53,000, dents in the principal cities of the while shares have been realised to world.
Every description of Banking and the extent of $51,500. Exchange business transacted.
derived from these transactions TAN ENG HOOL, were sufficiently in excess of valua- Manager. tions to enable us to transfer the Hong Kong, 16th May, 1929.
sum of $30,992.58 from Specifle Your Godowne, Gentlemen, have Reserve for Loans to General Re-been kept in an excellent state of serve Account.
repair, and all expenditure in- curred in this connection has been met out of revenue.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
HEAD OFFICE:-Talpeh, Formosa. Incorporated by Special Imperial
Charter, 1899.
Contral Bank in Formoen. Bank-Noing lased Average amount...Yen. 45,000,000
ADENCIES: BRANCHES AND
Yokokam Fobe, Osaka
Kop Kanko,
JAPAN:-T FORMOSA
Ямают. Село,
Hamarsh
Dislavia Boyabar. Calcatin Landon, New York, Daires
LONDON BANKEES :
The sums
Further reductions in Principal indebtedness were effected during the year by certain of our Debtors, and Credit has been taken for Lonn Interest to the extent of $14,685.13,
Loans
Towards the end of the period under review your Board deemed It advisable to institute foreclosure proceedings in connection with eer- Balatain property nt Aberdeen, "valued Mekong, Hanto, Binbike, Talodu, Tainan, in 1926 at $98,000, and in the ac- Takao, Ismeal, Town, Helin, T CHINA-hanghai, Hashow Amor, Foocher, counts which are before you, this OTILERS Hong Kong, Bigporn, Babyproperty had been transferred from to Property account in the above which it appears at figure.
This transfer represents a large portion of the amount by which the sum Involved in Loans has been reduced during the year; the nc- count standing at $672,862.16, or Bome $273,000-less than close of 1928.
jakarta") The [legua'), Jeddah, Kobe, Moca Badju Makaroni, Medan, Padang Plambert, Pekalongan, Penang. The Loudon County Wiselinalar and Parr's Beak,
thangbal,
Patik, Rangoon, Biterdam), Bemarang).
Bibolga The Bank has Correspondeste is all the thi (Bamsten) Bingapore, ?rabala,cipal Commercial Centras throughout the world. Staria (Solo), Tags, Tilalap
X. NAQURA
Maungat. and Weltevreden."),
1 Thane aliona kava safe deposis bases let HONG KONG BHA NOH Lil Bander-Hetions Provicola Best Lid.
Porrondente all over the world
Banking name of averz
dsooription texasasted.
PHL ELBERO
Hong Kong. Hih May, 1970.
Managa.
RANQUE DE L'INDO - CHINE.
HEAD OFFICE:
$5, Boulevard Haussman, Paris. Baberztbed Capital Fra. 72,000,000.00 | Paid-Up Capital...Frs. 88,400,000.00 Reserva Funds ....Frs.102,000,000.00
BRANCHES: Bangkok Hong Kong Quinhon
Saigon -Battambang Hue
Canton
Djibouti
Mengtze Shanghai Nu-Dinh Bingapore Neumes Thanhea
Fort-Bayard Papeste Tientsin Haiphory Peking Tourane
Paon-Penh Vinh Pondicherry Yunnanfu BANKERS:
Hankow
Hanoi
IN FRANCE: Comptoir National 4'Facompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Gredit_Industriel et Commercial; Bo- elete Generale,
1 Voeux Bond Camiral
Ton Kong. 19th January, 1979,
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authorized Capital (H.K. Öurrency] ...11,000,000 Paid Up Deplia? ne umornaliereize Reserve Fund,
BBANCTIES Tanion, Bangkok, He Tors and San Francis
LONDON BANKENS :-- The lord's Bank Limited. COUPONDENTS
Shanghai, Bankaw, Besion,
In all petsal eltins of the World. Foreign exobears and backing business Every Love!ption transected.
Bada Deposit Bozen Parique inne) at a yearly cantal of Erpm 35 to 346.
LOOK POONG SHAN,
Chief Manager Hong Kong, 19th February, 1927.
THE BANK OF CHINA. 行銀國中
More Godowns
at the
Since the Report of the Directors was issued, Mr. J. H. Taggart has been invited to a seat
the Board.
on
I now beg to propose:--
"That the Report and Ac- counts for the year ended Decen ber S1, 1929, as presented, be adopted."
and when this has been seconded, I shall be pleased to answer any questions that you may ask.
The motion was seconded by Mr. J. H. Taggart and adopted unanim- ously, no question being asked.
Other Business
Messrs. P. M. Hodgson and S. M. Charn were re-elected directors on the proposal of Mr. A. P. Samy, seconded by the Hon. Mr. J. P. Braga. J
Messrs. Linstead & Davis and Our late General Managers fur-Messrs. Percy Smith, Seth & ther reduced their debt during the Fleming were re-elected auditors to year, and it is most satisfactory to the Company for the year 1930 at have to report that during the last a remuneration of $1,250 each on few days, this account has been the proposal of Mr. V. V. L. paid off in full.
Croucher, seconded by the Chair-
Your Board will continue to avail itself of every opportunity of disposing of further securities for the reduction of our overdraft at the Bunk.
to the I have already roferred increase in our property account by the Bum of $98,000. A further
of approximately $34,000, has been placed this
sum
account, representing
to
ex-
penditure on improvements and ad-
ditions to cur Godowns, in parti-
Reorganised October 26, 1928, under cular to our Kennedy Town pro-
IN LONDON: The National Pro- special charter of The National Gor-perty where it was considered ad-
vincial & Union Bank of England, ernment as an
Lai: Comptoir National d'Escompte
de Paris: Credit Lyonnais.
IN NEW YORK; J. P. Morgan &
INTERNATIONAL EXCHANGE
BANK
visable to increase our
Storage capacity and consequent earning
power.
Co; French American Banking Cor- Subscribed Capital....$25,000,000,00 poration; Guaranty Trust Co. of New | Pald-Up Capital .....$24,710,200.00 the construction of York.
Reserve Funds ....... 8,820,503.82
Interest allowed on Currant Ac- counts and Fized Vaporits according So arrangements.
Brazy description of Banking and Exchange Business transacted. Safe Deposit Boxes to lot.
A. LECOT,
Manager,
Hong Kong, 1st May, 1929.
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4, Queen's Road Central
Your Board has also approved two small some single-storey Godowns on vacant land in the same district, to meet the domand for special storage accommodation connected with our Shipping business.
Reserves Sufficient Sundry Debtors, though slightly
Owing to our numerous branches in higher than at the close of 1928, China and large connections in the iraportant commercial centres of the have been reduced considerably world, we are able to extend to our early in the current year, and now cilenta special facilities for domestic stand at approximately $85,000. THE YOKOHAMA SPECIE BANK, and foreign banking and exchange. General Reserve Account has re-
LIMITED.
Established 1880, - Capital (fully paid-up) Yon 100,000,000 Reserve Fund
Yen 111,500,000
Hand Office:-TOKOHAMA,
Brinches and Agencies att Alexandria
Nagoya
Bombay
panarily
* Newchwang
New York Giaka Paking Hangvon Rio de Janeiro Saigon Daire (Daley) - Ban Francisco Fangsian (Multión) Beattie Hamburg
Changshm
Hinkow
Semerang Shanghai
ostock (rúmporarily closed)
Gurrent As-
We also handle the issue of Bonds ceived a further credit during the and other Public Funds of the Chin
sum of $11,950.98, ese Government both at home and year in the abroad.
which represents Dividends declar- SHOU J. CHEN, ed by this Company for the years Manager. 1921 to 1924. These, being un- Hong Kong, 5th March, 1980.
claimed, have been forfeited for the benefit of the Company, General Reserve Account now stands at $728,547.88 and la, In the opinion of your Board more than sufficient to meet any contingencies that may arise.
THE INDUSTRIAL & COMMERCIAL BANK, LIMITED.
READ OFFICE:- 12-14, Queen's Road, Central, Hong Kong
BRANCHES
Bhanghej, Hankow, Canton,
Kongmoon
CORRESPONDENTS
Overdraft Reduced-
I am pleased to report that our overdraft was reduced during the year by the sum of $250,300, and that á further reduction of $105,000
In all principal cities of the world. has been effected since the date Every description of Banking and of the Balance Shoet, making a Exchange" bualñesa : transacted. We total reduction since we last met offer" prompt, and personal - sérvits. of the substantial amount of
TIENMU K. LIN, $415,000.
General Manager.
TANG YUK, DENTIST -Buccessor te.
the late SIEN TING, 14, D'Agullar Street,
'TERME VERY MODERATE
Turning to the Proßt & Loss Ae- count, Gentlemen, you will note that the net profit for the $70,580.19 compares favourably
with that for the preceding CRO years in which our profits were ap- proximately $21,000 and $41,000 respectively,
An Increase in turnover and net profit in the Shipping Department has offset the temporary decrease
man.
COMPANY REPORT
Messrs. A. S. Watson & Co., Ltd.
The profits for the twelve months ended October 31, 1929, amount to $87,988.72 which, together with the carry forward of $62,044.67 from the previous year, leaves $150,083.39 The available for appropriation.
will recommend! Directors
at the meeting of forthcoming annual
Bam shareholders that this allocated as follows:-
THURSDAY, MARCH 20, 1930.
K. M. A.
CERAMIC & REFRACTORY-PRODUCTS
CLINKER,
PAVING,
BUILDING
be
& FIRE
BRICKS.
.$81,000.00
1,108.00
64,625.39
$150,033.39
To pay a dividend of 70 cents per share, which will absorb Write off Building Improve-
ments
and carry forward to next
account
RUSSIAN GOODS
Dumping Operations in Britain
London. Yesterday. An alleged scheme is on foot to flood Britain with cotton goods from Russia.
Merchandise stated
months at enable the
to consist of a million yards of cotton goods has been dumped within the last two under cost price to Russians to raise cash to pay for agricultural machinery and other purchases.
that A trade principal states Russian cretonne is being offered at fourpence-halfpenny a yard London which cost fourpence printing alone.-Reuter.
LIKIN ABOLITION
Service of Railway Loans
Nanking. Yesterday.
in
in
In view of the abolition of likin next October, the Ministry of Rall. ways recently suggested that the Finance Ministry
the instruct
to take Customs administration over the service of the Hukuang and Tientsin-Pukow Rallway loans, which at present are secured on likin and similar taxes.
It is understood that the matter | la
under consideration by the Finance Ministry-Reuter.
NEW MERSEY MOTORSHIP
The latest addition to the motor- ship fleet of the Ulster Imperial Line (Befast Steamship Company), the Ulster Queen, is to make her first appearance on the nightly ex- press Liverpool to Belfast service. She is a vessel of 8,800 tons with a speed of 18 knots, and was launched from Messrs. Harland and Wolff's Belfast yard in March last, a few slater ship, the months after her Ulster Monarch.
DON'T GIVE UP AND GO UNDER !
All You Need Is Tenic Treatment
For Your Nerves and Blood.
There comes a time in the life of many a man when for reasons which seam difficult to understand he finds himself mentally and physically going steadily down ស.
He struggles along under
a load of mlagiving as to how much longer he can manage to keep up with pach day's work and responsibilities.
Whereas formerly the sufferer's outlook
was optimistic and his spirit buoyant, now gloomy fores bodings dominate, and depress, The healthy appetite that once was his has depreciated until even the sight of food repois. A good night's rest is out of the ques tion because his brain, dismally dull throughout the day, now de- velops an abnormal activity. And when sleep comes at last It is so disturbed and fitful that he awakens in the morning just as tired and depressed as when he went to bed. Memory has bo come unrellabla, nerves are all AWTY. sudden outbursts of ill- temper make him alarmed and ashamed.
Is the cause of" trouble 1. It is, nourasthenia, or
■ condition of exhaustion of the nervous system, and it may be the result of continued strato,
mental or physical insufficient rest or holidaya, wrong diet, ir regular meals, business worries, excesses. Some diseases, Hke in- fluenza, too, will cause it, as also will nervous shock, anxiety, grief, or long realdence in a tropical or
other unhealthy climate. The
And what in its
treatment necessary in one of nutrition of the nerve cella through the blood, and to supply this there is nothing better than Williams Pink Fill, the Dr. blood and nerve tonic with close half-a-century's world-wide reputation. Speedily and surely Pink Pills enrich
ontation.
Dr. Williams'
Dr.
and strengthen the blood. and thus at every dose tasy supply new life to the nerves, frosh vigour to the digestion, revive appetite and spirits, reebarge the whole system with strength and vitality, ar feel a new mar since taking Dr. Williams' Pink PUL!" has been the glad ery of thousands of former sufferers, If you are victim of any form: of ill-health arising out of weak, disordered Impureblood or
nerves why nos let it be yours too? Dr. Williams' Pink Pills ara obtainable from chemists everywhere at $1.50 per bottle, 88 for 8. bottle.
DR. WILLIAMS: PINK PILLS.
-KOUBENRAD NANE IR ST COUNTRICTI
STONE-
WARE
PIPES &
GLAZED
TILES.
Ask for our Illustrated Catalogue-Compare our Prices and Inspect our wide Range of Samples THE KAILAN MINING ADMINISTRATION. DODWELL & CO., LTD., Agents, Hong Kong.
"THE RIGHT PORT IN SIGHT"
AROSO'S PORT
Obtainable Everywhere.
Sole Distributors:
H. RUTTONJEE & SON.
Wine and Spirit Merchants. 15, Queen's Road Central
Always richly stocked with DRAWN WORKS, SILKS, and FANCY GOODS
FOOK WENG & CO.
ONE PRICE STORE
China Building.
RADIO SUPPLIES
JUST ARRIVED
Eddystone Scientific Short Wave Three.
RUDOLF WOLFF & KEW, LIMITED.
54, Queen's Road Central,
1st floor.
Tel C. 2178.
SZERELMEY
STONE LIQUID
The Reliable Remedy for Damp Walls
and
Decay
Stone
THE EXTERIOR OF THE
PENINSULA HOTEL
was Entirely Coated with this liquid
PREVENTS PENETRATION. BY DRIVING RAIN.
Stocks Carried
REISS, MASSEY & CO. LTD.
Sole Agents, før.
Hong Kong
South China.