HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Capital naaswenanam $50,000,000 Issued and Fully Pald-up mamom $30,000,000, Reserve Prada --
Th
Bilver
£5,500,000 ..$9,000,000
Berre Liability of Proprietors 30,000,000
HEAD OFFICE: HONG KONG
BOARD OF DIRECTORS -
2. a. Plummer, Esq.
Chairman,
Cf. H. Mackie, Ken,
Deputy Chairmas.
1. D. P. Balik, Esq.
W. II. Del, Esq.
4. I. Campion, Esq.
3. Lander Lewis, Eng,
'AMOT
ВАНОКОК
RATAVIA
BOMBAY
CALOUTTA
W. L. Fattendan, Esq.
T. B. Pearoa, Esq.
.T. 14. R, HHAW, Raq,
3. P. Warren, Esq.
Acting Diet Manager,
V. M. anyburu, K.
BRANCHES:-
LONDON LYONS
MALAUJA
HANILA
MAIL utaru)
MERDEN
PENANO
CANTON
CREFCO
NAOABAZI
COLOMBO DAIREN FOOGEOW
NEW YORK
PEIPING
HAIPHON
HAMBURG
HANKOW
HABRIN
HONGKEW
ILOILO
IPOU
JOBORE
КОЕТ
EOWLOON
ZUALA LUMPUR
BANCOOR
NATUON
SAN FRANCISOG
SHANGHAI
BINGAPORE
BOURABATA
YOKOHAMA
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON, Paid-up Capital
..£3,000,000 Reserve Fund.£4,000,000 Reservo Liability of Proprio-
tora
.£3,000,000
Agencies and Branches:
ДБОЯ БТАВ
(Miny Blaka)
AMRITSAB
HANURO
BATAVIA
BOMBAY
CALCUTTA
CANTON
DAWNPOBR
CHAU
COLOMBO
DALEN (Delos
Bouth Manchuria)
DELHI
HANKOW
KUALA LUMPUR KUCHING
MADRAS
MANILA
MEDAN
NEW YORK
PESHAWAR
PKKING
PENANG
RANGOON
NAIOON
SEARMBAN
BEMARANG
SHANGHAT
BINGAPORE
BOURADAYA TAIPING
1F.M.B.)
TAVOY
HAIPHONG
HAMBURO
TLDRIN
“[N. Manchufa)
RONG XUNⱭ
TIENTSIN
ILOILO
TOKYO
IPOS
TONOKAK (shot)
KAHAGEL
TSINGTAO
KLANG
KORK
KUALA KANGSAR
Park (PMR)
YOKOHAMA
ZAMBOANGA
Philippine Islands)
THE CHINA MAIL.
GENERAL CHAMBER
COMMERCE
Points from the Annual Report
TREATIES OF COMMERCE
A
The following are further excerpts from the annual report of the Gen- eral Chamber of Commerce:
The Federation of Chambers of British Empire Commerce of the wrote on February 6, 1929, stating that the following cablegram had been despatched to General Hertzog,
Foreign Exchange and General Banking business transacted. ed Deposits received for 1 year or South Africa, as a result of a special Current Accounts opened and Fix-Prime Minister of the Union of shorter periods at rates which will meeting of the Counell of the be quoted on application.
Federation held for the purpose of A. H. FERGUSON,
of the Manager, considering certain clauses
South African Trade Treaty with Hong Kong, 8th January, 1929,
Germany which was then before the Union Parliament for ratifica- tion -
HUNGHI PATANI TIENTSIN
TOKYO
THINGTAO
THE HO HONG BANK, LTD, (Established 1917.)
CAPITAL.
Authorised Issued
Paid-up
Reserve
Liabilities of
Shareholders
$20,000,000 8,000,000 4,000,000
4,000,000 2,219,000
Current Accounla opened la Local Currency sad Fixed Deposita carained for one yo
berter periods in Local Currency and Harllog term which will be quoted en applicati Hong Kong, thjMarch, 1998,
HONG KONG SAVINGS BANK.
The Busine at the above Bank is conduct
by the HONG RUMO AND BHANOLAL
Bules may b
BANKING COUTORATION,
oblond co application.
FOR THE HONG KONO SHANGHAI BANKING CORPORATION.
V. M, GRAYBURN,
Aeling Chief Manager.
Hong Kong, 17th March 'tgu
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETY) BANKERS.
Established 10N. Tung Bang Oo9-11 Quin's Blood Central Authorland Capitel Quilders 180,000,000-
{213,500,000.) Fald-Up Capital
Qul 8,000,00
(E9,000.007.) Barres Fund ...Builder 40,000,000
(46,637,533.)
Bad Office—{AMSTERDAM”). Eastern Road Ulse:-BATAVIA, BRANCHER -Bandjermanin Bandong') Bornber
Surplus
HEAD OFFICES:-SINGAPORE. Branches, Agencies and Correspon- dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL,
Manager. Hong Kong, 15th May, 1989.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
HEAD OFFICE:-Taipeh, Formosa Incorporated by Special Imperial
Charter, 1899.
Central Bank in Formosa,
Bank-Norse istus Average stoouale. 46,000,000 BRANCHES AND AGENCIES: JAPAN-Tonya, Yokohama, Kobe Osaka. JURMOSA :-Õirin, King, Karvaka, Keelung: Makona. Nieto, Bicabile, Taichz, Tainan, Takao, Tamaul, Tosa, Hefto, T'alto. CUINA kanghui, Hankow, Amor, Toschaw,
Bestow, Canton, UTILERS:-Hong Kong gapore, Boarabera,
Bamaruby, Valala Bombay,
Calcutta London, New York, Daliwa.
LONDON BANKKAS:
Eatoulie, Chariton, Djember, Djok:
The London County Weiminatee and Furr's Book, [skarla') The Hague'), Jeddah. Kobe. Kure-Badiu, Makisar, Medan, Palang
The Bank hae Corsepondanta in al se pri Priebung, Feksiongo Foullanan Bangoon icter elped Commercial Cantra throughout th
K. NAGURA Scam Bingapore,
Foscaba Sorakaria (600) Topal. Tap HONG KONG BRANCH,
Vour Head Cantrel and Weliereden.")
Hong Kong, 19th January, 1929.
Shangha Albules
* Thane odong kare sale daponis buxm to lek Landau Barbara (—National Provinatal Beak Lid
Borrerpendenta all over the world
Banking buslams of every description tracszoled.
P. Y. ELDEEG
Hong Kong, Tìth May, 1929.
Mahagor.
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
#6, Houlevard Haussman, Parla Subscribed Capital Fra. 72,000,000.00 Paid-up Capital...Fra 68,400,000.00 Reserve Funds ....Fra.102,000,000.00
BRANCHES: Bangkok Hong Kong Quinhon Battambang Hue
Saigon Gunthe Mengize Shanghai Canton Nam-Blah Blogapors Djibouti Neumen Thankea Fort-Bayard Papeete
Tientsin
Haiphong Peking Tourane
Hankow Prom-Peak Vinh
Hanoi
Pondicherry
Yunnanfu
BANKERS:
Managar,
AND
FINANCE
BANK OF CANTON
Dividend of $2.40 Declared
ANNUAL MEETING
The 19th ordinary annual general meeting of the Bank Canton, Ltd., was held at 2.30 p.m. yesterday, in the Board room of the Bank on
the first floor of the Bank's pre- mises, No. 6 Des Voeux Road, Con- tral, Hong Kong.
version to penny postage in the in terests of Empire trade. was re ceived from the Federation of Cham- bers of Commerce of the British Empire in March, 1929. Tho
Mr. Li Yuk-tong Chairman of the letter, which
was signed by the President of the Federation and the Board, presided and among those representatives of other leading present were:-Messrs. Li Sing- commercial and industrial organisa-kul, J. M. Wong, Li Po-kwai, Tam Woon-tong. Ng Yee-hon, Chan Fu- tions, referred to the estimated surplus of eight million pounds toung. Ng Iu-ting, Tsang Iu-ting, LI Yik-mui, Look Poong-shan sterling on the postal services for
(Chief Manager) and Li Taze-chung 1929 and stated that the loss of revenue consequent en a reversion (Manager), (Directors) and the following shareholders:---Alesgrs. to the penny letter-rate would fall Leang Yuk-skan, Lam Kam, Li considerably short of this amount.
Chan Sung hon, Yeung You, Cheng upon the Post Office revenue should Yuet-po. Li Wai-tsel, Li Cheuk- It was submitted that the first calling-chiu, Look King. Ko Wing-po,
be for the provision of a cheap and cheong, Ng Chuk-chuen, Quan Shu- efficient service and that this object john and Fung lu-cheung, should not be made subservient to The revenue raising purposes. restoration of Imperial penny post- age in Canada and its use in New was referred
Zealand
BA
to the urgency of a "The Federation of Chambera emphasising of Commerce of the British Em-similar reform in Great Britain. pire respectfully urges the Soath having regard to the ever-growing African Government to recon- importance of its trade with the sider. before ratification, the Empire overseas, terms of the Treaty with Ger- many.
The Federation learns with deep concern of the proposal
Fire Prevention During Water Shortage
An acute water shortage prevail to undermine the principle of pre-ed in the Colony during the early ferential tariffs so important to part of the year--a condition which British it is hoped will be obviated in all constituents in the Commonwealth of Nations by future on completion of the pipe line extending to a foreign country bringing water across the harbour any future preferences."
to Hong Kong from Shing Mun on Article 8 of the Treaty (which the mainland. During the summer has since been ratified) places Ger- the Fire Insurance Association of many on the same basis as Empire Hong Kong took into consideration countries in respect of any future the question of fire protection dur- preferences which may be extended ing periods of restricted water to Empire goods, whilst Protocol 3 supply, with special reference to a provides that should the special pre. fire which occurred in June at No. ferences at present accorded New 18 Cochrane Street. At the request Zealand and Canada be extended to of the Association, the Chamber any other Empire country, they brought the following points to the shall automatically be extended to notice of the Government:- Germany, The Chamber wrote on
(1) Water was not procurable it was in
from hydrants for about 20 March 26 stating that
minutes after the arrival of agreement with the protest entered
the Fire Brigade. by the Federation.
The Government wrote on Septem- ber 11, 1929, enclosing copy of a despatch from the Secretary of State for the Colonies, together with the text of a Treaty of Commerco
between and Navigation
Great Britain and Northern Ireland and the Republic of Panama, and ask Ing the Chamber's opinion as to the
THE BANK OF CANTON, LTD. advisability of acceding to the
Established 1012.
Head Office:-Hong Kong..
Authored Capital (H.K Ourrency) ...$11,000,000 Put On Capital 6,660,000 Bessers Fand
860,000
BRANCHED:__
Ganon, Bhanghai, Hunkra, Bukow,
Treaty. The Chamber expressed the opinion that notice of accession to the Treaty should be given on behalf of the Colony.
The Chamber also agreed with the accession of Hong Kong to a Treaty
Banglok, New York and San Francisco of Commerce and Navigation be. tween the United Kingdom and
LONDON BANKERS 10. The Lloyd's Bank Idmitad. CORRESPONDENTS
In all principal mitise of the World. For bazgo and banking businaan of very cription Granted.
Bafe Depot Boten (various dam) at a yearly til at troos 88 to $40.
LOOK POONG SHAN,
Chief Manager. Hong Kong, 18th February, 1927.
THE BANK OF CHINA. 行銀國中
Beorganised October 26, 1928, ander
IN FRANCE: Comptoir National special charter of The National Gov- d'acompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas ornment as an
Credit Industrial st Commercial; Bo-
clata Ganwale.
INTERNATIONAL EXCHANGE
BANK
IN LONDON: The National Pro Subscribed Capital ....$20,000,000.00 vincial & Union Bank of England, Paid-Up Capital ..$24,710,200.00
Guatemala.
The application to the territory under the Hong Kong Government of the Anglo-Japanese Treaty of Commerce and Navigation as modi- fled by the Supplementary Conven- tion of July 30, 1925, was notified in the Gazette of January 17, 1930 (Reference to the modified Treaty appeared on page 16 of the Annual Report for 1928).
Imperial Penny Postage
A copy of a letter addressed to the Prime Minister calling attention to the surplus on the postal services
(2) The fire floats were not used, the reason being understood to be that it would have neces. sitated the interruption of traffic on three main roads. (3) Water pressure
was reduced by the interference of people who scized the opportunity to obtain the unexpectedly avail able supplies at the street fountains.
(1) Heavier demands
were made upon the limited fresh water supply through not using the flre floats.
In writing to the Government on the subject, the Committee auggest. ed that it might be possible to picket
of
the area in which a fire occurred-and to divert or hold up traffic, rather than use fresh water in time water shortage to cope with out breaks of fire near the water-front.
The Government's reply was that in the particular case mentioned, the fire floats could not have been used because the distance from the nearest point in the harbour to the To scene was about 400 yards. cover this distance and convey sufficient quantity of sea water to the Bre, it would have been neces sary to use lengths of hose amount-
by the Exchequer and urging a re-ing to a total of no less than 3,200
Ltd: Comptoir National d'Escompte Reserve Funds.....$ 3,820,503.82 Why Girls Are More
de Paris: Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co; French American Banking Cor- poration; Guaranty Trust Co. of New York
P
Interest allowed on Current Ac- counts and Fixed Vecorits according to arrangementa.
Exchange Business transacted.
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4. Queen's Road Central.
Worry Than Boys
A Warning To Parents.
yards, and the laying of these would have taken at least an hour. As It was, water was made available from the mains in twenty minutes and the fire was entirely extinguish ed in 1 hours. The amount of fresh water used annually for fire
never exceeded one million gallons
of the total consumption:
University Commercial. Course Fund
In the matter of health girls | fighting purposes in the Colony had Owing to our numerous branches in Usually cause less worry to their Every description of Banking and China and large connections in the parents than boys during the first a year, an extremely small fraction
After that are usually reversed, as and
BOON
girls 'enter they teens
too often worry
Safe Deposit Boxes to lat.
Manager.
A. LECOT,
Hong Kong, lat May, 1929.
Important commercial centres of the ten years of life. world, we are able to extand to our things clients special facilities for domestic
and foreign banking and exchange. their
We also handle the issue of Bonds!
THE YOKOHAMA SPECIE BANK, abroad.
LIMITED.
Established 1886.
Hong Kong, 6th March, 1930.
Capital (fully paid-up) Y 100,000,000 THE INDUSTRIAL & COMMERCIAL everye Fund ...... Yêu 112,500 091
Head Offer:—YOKOHAMA,
Branchion and Agencies at:
Alexandria
BOMBAY
Husnes Ayres
Temporarily
slosed), Calcutta
Canton
Changchun
Jairan (Daly)
Newchwang
Nagoya
New York
Peking
Rangoon
Rio de Janeirs.
Ciaka
Baigon San Francisco Bemarang
Zingtion (Mulden) Beattle
Bingapore Sberabaya
Tokyo
vostock
porarily
Kong 10th March 1980.
As the result of a circular appeal to their to British Members of the Chamber
and other Publie Funds of the Chin- prove ese Government both at home and parents. Perhaps their strength in 1926, sufficient funds were raised Is sapped by too rapid growth and to enable a grant of $12,000 a year SHOU 3. CHEN, study, or their system is unable to be made for three years to the Manager to meet the demands made upon Commercial Department of the Uni
It through reasons of sex. They versity of Hong Kong. The period get peevish and irritable, become of the guarantee having expired, a pale and alckly and are always circular letter was issued on May 24, 1929, to enlist the sympathy and alling. A
wise mother recognises support of the former, and possible these signs and takes prompt future, subscribers to this Fund, steps to banish them by giving which was inaugurated for the pre- her daughter Dr. Williams' Pink motion of British rade interesta Pills. From her own experience through education of Chinese along British lines. In response to the she knows that under the influ-
BANK, LIMITED:
HEAD_OFFICE:
12-14, Queen's Road, Central, Hong Kong.
BRANCHES:
Shanghel, Hankow, Canton, Kongmoon.
CORRESPONDENTS
ence of these Pilis pale, anaemic, appeal, a number of British firms
pledged themselves to contribute
In all principal cities of the world sickly girla regain their vitality annually for & further perfod of Every description of Banking and colour and charm. Their eyes three years, and it was found pos
Exchange business transacted We offer prompt and personal service.
ATIENMU KLIN,
General Manager.
INDIAN COTTON
Bombay, Yesterday
|
|
Satisfactory Results The Chairman sald:-
The working during the past year shows very satisfactory results and ia comparatively better than the previous year. The large increase in our exchange business favoured by our countrymen residing in the gold currency countries is the chief factor attributable to these happy results.
The net profit, Including $45,- 992.26 brought forward from last account, and after paying all charges and writing off bad and doubtful debts, leaves the sum of $1,396,395.70 for appropriation and with this it is proposed to:
Transter to the Reserve Fund $150,000.00.
Transfer to the Reserve for Bad and Doubtful Debts $500,000.00:
Write off Furniture, Fixture and Vaults Account $1,941.16.
Write ON Stationery Account $11,714.33.
Write of Branches Organisation Account $10,900.50.
Pay Dividend at $2.40 per share $519,936.00.
Pay bonus to Directors and Staff $86,080.50.
Corry forward the balance to next account $100,843.22. Total $1,396,- 305.70.
I take this opportunity to express! our high appreciation of the ser- vices rendered by the Bank staff here and abroad.
As there la nothing more for any special comment required from me I now propose that the report and statement of accounts for the year' ended December 31, 1929, be adopt-
·ed and when this has been seconded I will be pleased to answer with my best ability any question that share- holders may ask.
Mr. J. M. Wang seconded the pro- posal, and the report and statement of accounts were unaimously adopt-
ed.
Mr. Ng Iu-ting proposed and Mr. Li Sing-kul seconded, that Messrs. Percy Smith, Sath and Fleming be re-elected auditors for the ensuing
year.
This was agreed to.
of $10,000 per annum for the years 1929, 1930 and 1931.
Eitel's History of Hong Kong Towards the end of the year the Committee considered the feasibility of of promoting republication Eitel's "History of Hong Kong," which gives an historical survey of the early relations between Great Britain and China, followed by a detailed narrative of the events which led up to the cession of Hong Kong and an intimate account of the Colony's affairs during the first -forty years of its existence. As the original publishers, who were ap proached in the matter, considered that the demand would not justify their undertaking the publication on their own account, a circular, was issued to test the demand for the
book amongst members, with a view to ra-issue for the account of the Chamber at a suggested retail price of $10 per copy. Nearly 100 copies were spoken for, but the Committee decided that republication would not be justified until evidence of 200 probable sales was forthcoming.
Membership
During the year there were four
withdrawals from membership of the Chamber, and the following accessions:-.
The Advertising & Publicity Bureau, The American Express Co., Inc., Messrs. Anderson and Asbe, The Canadian Trade Com missioner at Hong Kong, Messrs. R. Johnson & Co., Netherlands Selling Organisation, The Swedish Chinese. Export & Import: ¦ Co. Ltd Messrs. James Yau & Co. The election of these Members by
again sparkle with health; they sible, with the help of accumulated the Committee requires confirmation are no longer breathless and thin, interest, to promise a contribution at the Annual Meeting.
but hearty and full of life,
The reason why Dr. Williams": Pink Pilla are so successful In such casos is because every in- gredient in them is beneficial to Negotiations between the Gave the system, and one important ernment of Ind's and the Bombay element actually creates How matll-owners for rationalisation of blood, which is absolutely essen cotton mills are still proceeding.tial to victims of anaemia and
Following the announcement in those other allments so common. January that a number of mills among womankind. were amalgamating, it is how So give your del stated that a combine of fifty mills Confse of De is contemplated, and it is hoped the Pill
Imperial Bank of India will pravidé ner
Aery PEPS
always Mandy
COUGHS COLDS CHILLS
THURSDAY, MARCH 27, 1930.
CIGARS
Mildest
EVER PRODUCED
"ARGENTINOS"
$4.50 per Box 258. “CORONAS CHICAS”
$4.75 per Box 25s.
He
enjoys
it!
YOURS TRULY TOBACCO STORE. Opposite Govt. Radio Office. 22, Des Voeux Road, Central.
"THE RIGHT PORT IN SIGHT"
AROSO'S PORT
Obtainable Everywhere.
Sale Distributors:
H. RUTTONJEE & SON.
Wine and Spirit Merchants. 15, Queen's Road Central
SZERELMEY
STONE LIQUID
The Reliable Remedy for Damp Walls and Stone Decay
THE EXTERIOR OF THE
PENINSULA HOTEL
was Entirely Coated with this liquid
IT PREVENTS PENETRATION BY DRIVING RAIN
Stocks Carried.
REISS, MASSEY & CO. LTD.
Sofa Agents for
Hong Kong & South China,
CHY
LOONG.
NEW SEASON PRESERVED GINGER?
mpt, attention to Exporters LE
Centrál 3599,
Camión: Bond.;
Tel Kowloon 199
५