Page
2
HONG KONG AND SHANGHAI
· BANKING CORPORATION.
Kuthuelaed Capitul...
***** $50,000,000
Kend und Fully Peld up $23,000,000 Reserve Punda
Sterling 10,800,000
Biler
Stameyangajatimana,500,000
Mosarvo Liability of Propriators $20,000,000
TEAD OFFICE; HONG KONG.
BOARD OF DIRECTOBR
J. A. Plummer, Em
Chairman.
F. Mr. 0.0, 8. tackle.
Prly Chalima
W. n. Bill. Eng.
toa. Mt. 1, J. Paberca
A. H. Creaton, Exa, T. bl. Pearce, Es
The Lander Laws, Esq.TH, H. Shaw, Esq.
* Minkin.. F.
3, P. Warren; EM.
Chief MensgDE:
V. H. Drybara. Fry
UBANCHES:~~
INDON
LYOXS
•
MALACCA
MANILA
MUAR Joboe)
AMOY BASHKOK BATASTA
BOMBAY CALCUTTA
CHEMO
CLASSES
NEW YORK
CANTON
MORDEN
NADANAKE
DAIBHN
PEITIXO
PoocileW
PENANG
HAIPHON
HANGDON
MTAMBUNG
BAIGON
BANKOW
BAN FRANCISCO
DRIN
DONGKEW
ILOILO
[POR
JOHORE
EQUE
HOWTOOS
KUALA LUMPUR
SHANOUAL
SINGAPORE
NOURABAYA
SUNGKI PATANI
TIENTSIN
TUXTO
THISOTAO
YUKOHAMA
Cars Artis opened in Local Currency
and and Bleuelle tocatred for on your or Lo Currency and Slating scorts with be quoted an application.
pa tenni
Hong Kong, let April, 1900.
HONG KONG SAVINGS BANK.
•
Tan Dustre of the bero Bank condos
wl by the 1105G KONG AND HEANGHAT tulee may be BANKING CANTORATION,
wblood on application.
FOR THE HONGKONG AND SHANGILAT DANKING CORPORATION.
V. M. GRAYBURN,
Chief Haos.
Hong Kong, 10th July, 1900.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
.
(NETHERLANDS TRADING BOCIETY)
BANKERS.
Estabilubed 1920. Hong Kong Us:-, Queen's Road Central. Authorised Capila! ...... Gulider 150,000,000. (412,800,000.) Paid-up Capital .................................. Outders 80,050,000
120.669,170) BY Funduilder 40,035,000
(£0.00)
Elend in--AMSTELDAN* Enduro Head Offer :-BATAVIA..
BRANCHES-Bandjord, Basdceng, Isoralny,
Cheriben, Djembe, Djok
mare, The Hague's Jeddah, Koba, Kela Balja, Makasar, Bedan. Padang Palembang,
Fokstong
Poulurak, tangon,
Hemarang", Shanghai,
[fum)
Singapore
Tanang
sterdam” Elbo Bourabala
Somakaria (Balot, Tegal, Tjilfap and Wellesinden,
• The officer hare site depot boxes to Bet. Loudon Hackers-National Provincial Bank Ltd.
Carpunenta s over the world
Benktag dines of every description treated.
A. STOKKINE,
acting Manager.
fiong Kong Bih Angel, 1990,
BANQUE DE L'INDO-CHINE
HEAD OFFICE:
96, Boulevard Haussmann, Paris.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON, Pald-up Capital
Reserve Fund ♫
.£3,000,009 £4,000,000
.£3,000,000
Reserve Liability of Pro-:
prietor's
Agencles and Branches:
KUALA LUMPUR
ALOE STAR
(Malaya
AMEITBAL
HANOFOR
HATAVIA
DOMHAY
CALCUTTA CANTON
DAWNPORE
CERU
coloure
PAIGEN (
HAIPHONG
HAMBURO
HANKOV.
HARDIN
BONG XONO
ILOTLO
Blout Manchuria)
DELT
(N. Manchuria)
TP/1
XARACHI
КАКО
KORE
KUALA KANGRAD
-
Vathorised Innued
KUCHING
HADRAS
MANILA
MEDAN
NEW YORK 'PEKING
PENAND PESHAWAR BANDUOS SAIGON BESARANO SERENDAN
KHANGHAI
SINGAPORE
"SOURABAYA
TAIPING (P.U.S.) TAVY
TIENTBIN
TDKYO
TONGRAU Phuket) THIXOTAD
ΤΟ ΚΟΠΑΔΙΑ
ZAMBOANGA
CAPITAL:
Pald-up
Reserve
Liabilities
of Shareholders Surplus
General
THE CHINA MAIL.
Commerce and Finance
EUROPE'S INDUSTRY SETTING THE PACE.
BANK RETURNS: GENERAL TRADE OUTLOOK.
Banking affairs occupy the main proportion of the latest report on the economic and industrial post- tion of the countries of Central Europe issued by Messrs. S. Schoonberger, the bankers of Ber-
JAPAN'S BUSINESS METHODS.
A striking example of Japan's business methods is contained in a
ADVERTISING OF TO-DAY.
EXTRAORDINARY GROWTH OF MILLINGTON, LTD.
NEW OFFICES OPENED.
Con-
The
The extraordinary progress made by the advertising firm. Messrs. Millington, Limited, during the 24 years of its existence, was made very interesting report by Mrovident at a function held at noon Arno Pearse on the Indian cotten yesterday in connection with the industry. The Indian markets, he' aaye, were taken anavares at the official opening of the large and well lin and Amsterdam, says the Fin-end of last January, when the appointed new offices in Wayfoong ancial Times of August 8.. In Japanese firma suddenly sold their House, 56 Szechuan Road, Shanghai, Austria, settlement of operations stocks much below replacement according to a telegram received by In connection with the issue of prices. They were judged to have Mr. Edgar E. Strother, Manager of the 1936 International Loan has been unwise in thas "slaughtering" the Hong Kong branch. (Thilippine Islande) Fersk F.M.R.)
had marked effect on figures pub- their stocks, but what had really gratulatory addresses were delivered Foreign Exchange and
lished by the National Bank In its occurred was shown a few weeks by Mr. C. M. Bain and Mr. O. S. Inter. The Japanese cotton-buying Lieu, and Mr. F. C. Millington, the Banking bitsiness transacted.
Current Accounts apened and Fix- latest statement of accounts.
Assets and liabilities each show houses in New York and Dallas-founder and Managing Director, told of the development of the the are identical with ed Deposits received for 1 year or which will
of more than sixty which an increase sharter periods at rates be quoted on application.
million shillings, while foreign houses selling the manufactured business, during the short period of A. H. FERGUSON,
On April 1, 1928 there were 18 Manager. currency has increased by about goods in India and China-had 2 years. 8 million. At the same time bilis realised that the effect of the New Hong Kong, 8th January, 1929.
show a decrease of almost 12,000,- York Stock Exchange slump had foreigners and 79 Chinese on the 000 shillings, its total: now stand-not yet run its course in the cotton staff, which now numbers 41 for
Cotton prices had not eigners and 187 Chinese. at 72.2 millions. Notes in market. THE NO HONG BANK, LTD. ing
circulation decreased by 42.6 mil-fallen as much as those of other capital has been increased from consequently, the 130,850 to T249,000, and the floor (Established. 1917.).
lion to a total value of 884.9 mill- materials;
have argoed space of the offices, studio and tion shillings, cover increasing Japanese appear to
that, if and when a further decline printing plant has been increased Straits $20,000,000 thereby to 82.4 per cent.
8,000,000
that the came, their stocks of cloth in India, from 950 sq. ft. 9,770 sq. ft., be- In view of the fact 4,000,000
private discount rate in Austria China, and elsewhere would being more than a tenfold increase in The premises at 108-110 Nanking 4,000,000 remains 1 per cent. under the much effected, and that it would floor space. 2,520,000 bank rate, which in turn is still be wiser to be first in the market.
at reduced prices. Road have been retained, all being between 2 and 3 per cent. high-forcing sales HEAD OFFICE SINGAPORE. Ursaches, Agencies and Corresponer than bank rates in Western This action, carried out in several required for the enlarged art studio simultaneously, would and printing plant, and the execu- dents in the principal cities of the Europe, in spite of the likelihood markets
have a bearish influence on cotton tive offices have been removed to the Every description of Banking and of an upward movement in the
English Bank rate a lowering of prices, thus giving the Importing new office building of the Hong A new building Exchange business transacted...
the Austrian bank rate by a half house a chance to recoup its ap-Kong & Shanghal Bank, known as TAN ENG HOOL
s cent.
looked upon as parent loss on manufactured goods Wayfoong House. Manager. per
by purchasing raw cotton at lower soon to be erected by Millington. feasible.
rates against these sales. The two Limited, on the property owned by As result of the satisfactory
There has recently been a re- the International transactions, as experience has the firm in Great Western Road. way in which
taken up by the shown, resulted in a good profit. AMERICAN EXPRESS COMPANY, Loan has been
"Such transactions," Mr. Pearse organisation of the Company, the! public, according to reports cur- rant in Austria the French Gov- concludes, "are too speculative Willow Pattern Press being merged firm with the advertising company and for the average-sized ernment is said to be more sym-
success- the capital stock almost doubled. carry them out
The Directors of the reorganised pathetic In its attitude towards to
requires 1 world-wide the French proportion of the loan, fully U.S.$8,000,000
Japan is not T. G. Drakeford, Mr. O. S. Lieu, of U.S.$1,572,454 and it is thought likely that dur- organisation with a staff of first-firm include Mr. N. L. Sparka, Mr. U.S.$1,008,209
ing the present year the original class economists.
pace in modern Shanghal, and Col. M. H. Logan, at allotted to only setting the amount of $2,000,000
A brilliant future la prophesied France will be placed on the mill equipment but also in high present residing in Hong Kong.
and those countries:
which is already generally re- which are unable to adopt similar for this enterprising company, China's leading ad- hedging methods will every and then be confronted with ap-cognised parently, enigmatical transactions vertising service."
These which have almost the appearance
in and effect of dumping.
undertaken hedges are not Japan by cotton manufacturers, but by the firms who export the cotton goods."-
world.
THE
INC.
Head Office: 65, Broadway, New York.
Capital Surplus Reserves
- BRANCHES-
Amurdam Autwerp
Athens
Малавр
По
Biarritz
Bombay
Zumak
Bezposta
Duscos Aces
Detro
Oslosti
Cinem
Colomho
Constantinople
Copeningen
Pliabung
Flewanon Ganes
Grenou
Glasgow Having Hamburg
Nico Naples
Pirota
Pariz
Losang
Jntariakan
معارج
Hatre
Jerusalem
London Favorpool Luceras Lugano Lazor Marseiller
Monte Carlo
Mauilla
Munich
Moskaus Killan
Peking Palermo Kalterdam Bona Samboul Flugbal Southampton,
Singapore St. Mcritz
Tiental
Vicuna
Tralod
Vikobanta Zurich
market there.
During the next months loan Issues are to be made by several of the principal Austrian provin- The cial towns and districts. Municipality of Linz will be the first to come into the market with a $5,000,000 seven per cent 25- year loan:
All classes of Commercial Banking an Transactions undertaken.
Hungarian Mortgage Bank,
It a reported that discussions Branches of American Express regarding the founding of a Cen- In Hungary Company in Principal cities of Unit-tral Mortgage Bank
States of America and Canada. are progressing satisfactorily, and early decision is awalted. American banking houses have promised to provide a sum of accounts 15.000.000 towards initial capital, while the mortgage banks which will be united in the new Institu- tion will place mortgages in their united names in New York and in London.
Personal
Subscribed Capital Frs. 72,000,000,00 Paid-Up Capital...Frs. 68,400,000.00 handled. Reserve Funds ....Fra.102,000,000.00
BRANCHES:
Mengtzo
Bangkok Hong Kong Quinhon
Saigon Battambang Hue
Shanghal Cantho Canton Nam-Diah Singapore Djibouti Neumea Thanhos
Tientsin. Fort-Bayard Papeete
Тоставе
Haiphong
Peking
Hankow Imorn-Posh Vinh Ulanot Pondicherry Yunnanfu
BANKERS:
IN FRANCE: Comptoir National Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So ciate Genarale.
IN LONDON: The National Pro-
investment
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, In addition, the world-wide serkes of its thoroughly equipped Travel De- partment.
Affiliated with
THE CHASE NATIONAL BANK Rescarces ..Over G$2,500,000,000
E. W. DUGGAN,
Manager.
commerce,
now
BRITISH EXPORTS. GEOGRAPHICAL · DISTRIBUTION OF TRADE.
£5
+
IN THE NORTH.
MANCHURIAN OFFICIALS' NEW
· APPOINTMENTS.
Tientsin, Yesterday. Wang Heu-chang arrived this afternoon, accompanied by. Chang Hsueh-ming, Liu Hi-uien, Chang Chao Man-ling, and Surveying, as is its custom, the Chi-fang, geographical distribution of the various other. Manchurian officialo trade between the United Kingdom appointed recently.
It is learned that. Wang Hau- and other countries in the first
ofchang will take the oath of office half of this year, the Board Trade Journal discloses some ex as chairman of the Hopel, Provin- and some unexpected dal Government on October 8, but The British-Hungarian Bank, pected publishing its half-yearly report changes. The comparisons are by various local government depart and balance-shest, explains that percentages, and as both value and ments are to be taken over by other representatives to- Anglo- volume diminished this year in Manchurian the transactions International Bank have not yet contrast with 1929, the figures are marrow, including the Mayorahin, which temporarily falls to the Tot been able to show their full work- only partially conclusive.
Making every allowance on this of Chang Chi-fang. ing and influence in so far as the
returns are
A permanent Mayor is not yet conee: ned. score, it is not without significance bank's These include,
as reault of the that the greatest relative fall in fast increase of capital, a profit the proportion of British-domestic being appointed. Router. of about 270,000 pengoes for the exports going to any country was
with
vincial & Union Bank of England, THE BANK OF TAIWAN, LTD. first elx months of the present to Brazil. There was not much
Ltd.; Comptoir National d'Escompte
de Paris; Credit Lyonnai
IN NEW YORK: J. P. Morgan &
Co.: French American Banking Cor- poration; Guaranty Trust Co. of New York.
Current Ac Intereat allowed on roants and Fixed Deposits according to arrangements.
Every description of Banking Exchange Business transacted.
Safe Deposit Boxer to let.
A. LECOT.
(TAIWAN GINKO.)
year.
The Increase of deposits difference between the Brazilian from foreign banks and bankers and the Chinese decline, but HEAD OFFICE:-Talpah, Formon.from 5.2 to 11.6 million pengo da- enough to suggest that exchange Incorporated by Special Imperial monstrates clearly the develop- troubles-operative in China also ment of business relations with through the fall in silver-are foreign countries.
Charter, 1899. .
.: Central' in Formo Back-Notes Issued Avarar amoval in Tes., 45,000,000 BLANCHES AND AGENCIES JAPAN Tokyo, Yokohama, Koba, Chata. and FOMOGA Olan Eagi, Karenko, Keelung
Hakong Maute, Chichikt Takas, Tamaul, Toen, Tailo CLINA, Hankow, Amoy,
Ewator, Canton,
Manager.
Hone Kong, 1st May, 1929.
OTHERS-Hong: Book Singapore, Brabant
Hemarang Balaria, Bombay... Calcatta, London, How York, Del
LONDON BANKERS:
The London County Westrinater and Part's Bank THE YOKOHAMA SPECIE BANK,Tx has Correspondeate in all the principe
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund Yen 118,500,000
Head Office: YOKOHAMA, Branches and Agencies at:
ndria
Nagoya ́ ́Nowchwang New York Deaks Peking Bangbon Rio de Janeiro Salg San Francisco
"Alina aitipornrily W closed) "Calcutta.
Canton
Chall
Dalren (Dalny)
Fougtien (Makden) Beattle
Hamburg
Hańkow
SHarbin
Hont Kong *Honoluluğ
Kal Yuen Karachi
London:
Kobe
Semarang
Centree throughout the world.
LONG LONG TRANG
E, Das. Vour Hood Central. Hong Kong.h January, 1929.
Manager.
THE BANK OF CHINA:
行,跆园
Reorganised October 20, 1928, under special charter of The National Gov- INTERNATIONAL EXCHANGE
bscribed: Capital"
BANK
₫
"
The report Issued by the Czecho-Slovakian National Bank towards the end of July, in so far as the economic position of Czecho-Slovakin is concerned when taken into consideration to gether with the report from the Austrian Institute for the Study of Economics and Trado Move ments, shows that little hope of Any marked Improvement in the Industrial position of Mid-Europe can be looked for during the com- dividual business may be able to polat to definite progress, but, in general, while the falling off in business is not as severe hittier to, trade depression seems bound to continue. VALOAREA
more detrimental to our outward trade than political disturbance.
NAVAL PACT.
UNCONDITIONALLY, APPROVED
BY JAPAN.
Tokyo, Yesterday. Among the Dominions and other
At a plenary session of the Privy oversea British possessione, Aug- tralia naturally has an unenviable Council at the Imperial Palace in pre-eminence among the declines, the presence of the Emperor to was uncondi the Commonwealth's proportion day, the London five-power Naval falling from 7.87 per cent. in 1928 Conference treaty
THURSDAY, OCTOBER 2, 1930.
Correct Styles FELT HATS : —
Andrews,
Battersby,
Borsalino,
Cambiaghi,
Hardeman,
Ward's,
etc., etc.
THE BAKILLY CO., LTD.
153-155, Des Voeux Road Central
DAILY CROSS-WORD PUZZLE.
(This cross-word puzzle has been made by an expert' but our readers are warned to look out for occasional phonetic spellings, such as harbor, plow,and althe.)
128
40
35
15
HORIZONTAL
1-Asundar 6-Attempt
-9-Titio
10-Sickness
13
136
38
42
143
48
151
12-Support #14-Roaders from from
dirt 16-Pertaining to the
toeth 18-Abyss .19-Mire
21-Borrow
22-Distant
24-8aafter
20-9mall bird.
28-To-be busy.
29-Tropins! Amaricin
troa (pl.) 31-Perched 132-Branchée af learning
33-Mature
38 City In 8. W. Ohla 36-Pertaining to the
28013
37-Decimal numbers 39-Giant 40-Bed
42-Booke for daily
memoranda
44--Vimm
63
| HORIZONTAL (Cont.)
45-Enough (post)
b
17 A
VERTICAL (Cont.) 19-Lump
48-Order of, persone or 20-Ruminant
things
49-Certain
50-Gadfly
B2-Universal mother
53-Prohibition
84-Sank down 67-Phytolan 159-Part of a house
60-Tallow ftuminanta 61-Newt 162-Full of holes
-Quay
VERTICAL
1-Cause pain 2-Pay in advance 3-Bluster
-it a (pont.) 5-Terminate B-Boll slowly y-Changes B-Affirmative -Fragment.
11-Entrance
13-Glemm
15-Van!Hats
117-A1 this moment
23-Bending
24-Like the devli
125-Flops
27-Вослег |29-Shed tears
30-Box21
32-Perschification of
Industry 24-Compoes paint
(abbr.)
38-Barter
39-River In France 40-Stop
41-8mall wooden pin 43-Raged
44-One who uses flat-
bottomed boat for fehing
45-£ivaly (colloq-) [47-Drall, humorous-
person 49-Pouch. 51-Adorn 63-Uttar nonsense (50-The whole
56-8pacified tima
57-Condensed moleture 165-Away from
(The solution of the above cross-word puzzle will appest to-morrow's issue along with a new cross-word puzzle.)
FORGED LETTER.
GLASGOW CHURCH AUDITOR SENTENCED.
What is considered the most sensational case ever connected with a church in Glasgow has ended with a sentence of three months impri- sonment on a young office bearer in. James' Church of Scotland, named George Spiers, jun
Spiera was auditor of the church
ofice bearers, his father being an books and his parents were also
St.
to 6.64 per cent, this year, a de- tionally approved. Council advis- older. crease of nearly 10 per cent, but ed the Emperor to ratify the treaty, He was found guilty by the jury oddly enough its proportion of our thus removing the last obstacle in of having sent four anonymous letters containing threats of bodily re-exports was a shade larger. The the way of Japan's adherence. cause: of Australia's lessened pur- It is expected that the Emperor
participated in Protestant League chases of our goods is revealed in will formally affix his soal to the injury to the recipients if they
YESTERDAY'S SOLUTION
SAW
COF
KINAN
HAS NE EGO CE
• SOUGHT ME
AN INTRODUCTORY HISTORY by: AH, CROOK. OBE, MA. W. KAY, MA
WL HANDYSIDE, MA, B.Sc. PRICE $2.00.
Ing autumn. Here and there in the big drop in her proportion of treaty to-morrow or Friday meetings, which were being held in NOW ON SALE AT THE
the half-year's Imports into the Reuter, United Kingdom, for Australia is a clear exemplar, of the essential truth of the saying that exports pay for Importe
SEPTEMBER RAIN.
Nearly 30 Inches at Botanic Gardeni.
the church. N
He was also convicted of having uttered a forged letter to an under taker asicing him to arrange for the. funeral of a woman member of the church who was still alive,
PUBLIQUERS
The Newspaper Enterprise Ltd.
"China Matt Offices,
Two charges of having attempted The following is the record of to set fire to the church, and one of rainfall during September, at the sending an anonymous letter con- HONG KONG HEIGHTS the Botanic Gardens:
September
In Lugo-Slavia the principal
SUGAR TRUST. operation in the banking world is
Batavia, Yesterday. the arrangement for fenting a loan abroad for the purpose of
The Sugar Trust has stabilising the currenay A total limit of superior sugar for expor
to eight guilders Reuter.
THE
SHANGHAI.
Singapore Boerabaya klyddey Montain
HONG
Tolé
FOR CANTON LTD.
$11.000.000.
Canadian bond sales for the year to date, amount to $410,038,947 03 compared with $888,664,110 for the corresponding period of last year and $295,994,861 for that of 1828. purchases amounted to Americansto$176,-
ah to $4,745,000
Inch. 51
202
$28
04
92
15.
8.84
6.16
taining threats to the police, were found not proven, di
During the evidence, which lasted over three days, it was stated that there was much discord in St. James' Church, due to the lotting of the pulpit to the Scottish Protestant League for Sunday evening lectures. Among the lettera sent was one to the minister of the church, which stated: "If you let the Protestant League hold their meetings in the church again you care a dead man Dead med. no talesk
For the information of visitor the following Hat of some of the highest points on the Island and Mainland is publishe
Victoria
1731
Mount The E