BANKS
EDERLANDSCH INDISCHE
NEDE HANDELS BANK,
(NETHERLANDS INDIA COMMERCIAL BANH)
ESTABLISHED 1863.
Authorised Capital FI. 15,000,000 (£1,250,000) Subscribe Capital F. 10,000,000 (Paid up) Reserve Fund FL. 1,628850.10 (£135,737)
HEAD OFFICE: AMSTERDAM.
THE HAGUE. Ram-ferice: HEAD AGENCY: BATAVIA. BRANCHES at:
Singapore, Surabaya Samarang, Indramajor, Bandoung and Weltevrsilon, CORRESPONDENTS al: Cheribon, Pegui, Pecalongan, Macassar, Fontisnak, Padang, Medoni, Penang, Rangoon, Calentta, Bombay. Madras, Colombo, Karushi, Diddah, Bangkok, Saigon, Shanghai, AG.
BANKERS:
[THE WILLIAMS Deacons BANK, LI London:wiss BANKFOREIN Paris: COMPTOIR NATIONAL D'ESCOMPTE DE
PARIB,
Berlin: DEUTSChe Bank, Brussels: BANQUE DE PARIS ET DES Pays
BAS
Viana: UNION BANA
Rome: BANCA COMMERCIALE ITALIANA.
THE BANK bugs and sulls and receives for collection Bills of Exchange, desues Letters of Credit payable in all important places of the "World and frauanots very description of
Banking and Exchange business.
INTEREST ALLоwwn.
BANKS
EDERLANDSCHE HANDEL-
MAATSCHAPPIJ. (NETHERLANDS TRADING SOCIETY), ESTABLISHED 1824,
PAID UP CAPITAL, FL 43,003,000 (£3,750,000) | RESERVE FUND... FL.. 5,000,000 417,000)
HEAD-OFFICE : AMSTERDAM. HEAD-AGENCY BATAVIA, Branobes: Singapore, Pang, Shangbai, Rangoon
Sourabaya, Cheriboa, Banaroog, Togal. Pesalongan Pusonroeau, Tjilatjap. Padang, Deckn Deli), Palembang, Kota Itadja, (Achen) Bandjermain
Мислава, Correspondonte AL
Bombay, Colombo, Madras, Pondicherry. Caloutta, Bangkok, Saigon, Haiphong, Hanoi, Amoy Yokohama, Kobe, Melbourne, Sydnoy, New York, San Francisco, &c., & THE UNION OF LONDON AND SMITha Bank,
LONDON BANKSAS:—
LIMITED,
The Bank bugs and sells and receives for collection Bills of Erobangs, issues letters of credit on ita Branches and Correspondents in the East, on the Continent, and in Groat Britain, America, and Australia, and transacts Banking Business of every description,
INTEREST ALLOWED.
On Current Accounts 9% per douum on daily
balances.
On Fired Deposits 12 months 43% per unaum.
6 do. 4% do.
do. do.
•
3. do. 3% do. J. L. VAN HOUTEN Agont, Hongkong, 3th June, 1407.
201
On Chiront Account at the Rate of 2% perHE QUARTERED BANK OF INDIA, annum on the Daily Balances.
On Fixed Deposits: 12 months 4% por annum
do.
rio.
6
do.
91%
do,
3 do. 3% do. J. BOETJE, Manager. No. 1, Des Voeux Road Central
THE BANK OF TAIWAN LIMITED
INCORPORATED BY SPECIAL ImpreIA Ŭ
CHARTER
FT
3,750,000
AUSTRALIA AND CHINA.
INCORPORATED by Royal ChaBTER, 1955,
HEAD OFFICE-LONDON.
£800,00
..£1,075,000
PALD-UP CAPHAL Shortly to be increased to C1,203,000 RESERVE FUND.... Shortly to be increased to £1,175,000 RESERVE LIABILITY OF PROPRIZ-
£300,000
INTEREST allowed on Current Acconut à CAPITAL SUBSCRIBED .......................... You 5,000,000 || the rate of 21 per suntine on the Daily talnuver CAPITAL PALL-UP
On Fixed Deposita for 12 months 4 per cent.
સમ 11 3
JOHN ARMSTRONG.
Manager. Hongkong, 18th May, 1907.
IL OFFICE: TAPPER, FORMOSA.
Amoy
Anping
Foochon
Keelin
Swntow
BRANCH AND AGENCIES!
Kobe
Nagasaki
Omka
Shanghai
Талал Tamani Tokio Yotohana
HONGKONG OFFICE:
3, De Vœux Road,
fnterest allowed on Current Account Deposite received on terms which may be learnedÒ on application.
D. TOIDOW, Manager. Hongkong, 5th April, 1907.
INT
812
T7
•
115
THE MERCANTILE BANK OF INDIA, LIMITED.
THE HONGKONG DAILY PRESS, THURSDAY, JUNE 27th, 1907.
MERCHANTS AND SHIPOWNERS.
MOVEMENT TOWARDS CO-OPERATION,
ba
in the fray and proceeded to carry cargo from New York to Liverpool, transship it there, and send it on to Australia at a through rate of 158. to 28. a ton. In other words, as was pointed out in these colomas at the time, the nothing at all, and then carried it on Australia company brought cargo across the Atlantic for at a lower rate eran than it charged for British morehandise shippod in tho
Wits also
same
Sir Joseph Ward, the Premier of New Zealand, anade some remarks in the Manchester Towa-ball, at the beginning of this meat which expressed very aptly what has been the minds of a kenwitted section of British The advice war, in effect, tast in order to meet resolved to d without the services of the White merohanta and shipowners for some time past ship to the sanie porte. The merchants form
ing the association realizad their strougth and the very enterprising competition of our foroiga Star Lane, as far as possible, in the carrying trade rivals there should
notis merchants
co-operation on this country to Australia. A batwasn the great shipownerS of this country.
it should not general meeting of the merchants in the trade Certainly
called; and
was pointed out to them be left to foreign marchants and wanase furore along realize that the fig which what pressure it was thought proper to exercise on the lines which were obviously working in shows the nationality of the ship indientes ns wall in a large degree the nationality in course of settlement, and already the rate of the American interests, The difaulty is now of both shipporn and shipments. Any one
froight on familiar with our mercantile marino kuzwa
close weight of all descriptions of the persistence with which foreiga shipowers Foods from Amoxis to Australia is assimilated have fought the way into so vioss in which one with that from the United King lem,
Again, within the last few weeks there has would have thought had very little claim
appear at all, and merchants kur only troben an attempt by two German lings to claim e wall the disturbances which have been sel in rather handsome sbare in the New York- the freight market whils the ights were in Australasian trade, and cards have been issued progress. Objectionable as all those commotious anucing the sailing of Gorman steamera in aro to the merchants, however, British ship thongh th: arst Gorman steamer in the United conjunction with the Tyaar Line. A prosent, Owners bare no quarrel with enterprising Tyzer Line" was advertised to sail so long ago foreign competition so long as the competition is of such a kind as they can meet themselves April 20, as sailings have taken place, and no reduction of froight rates has
int rnational trade.
רון
in pen fght; what they do object to are gone ouget about 18 it wore this to near systems auch the Siste aided Through
there is no doubt that it would be just auch Railway and Shipping Raton operating na Gortanty (explained fully in these colunas wont make its influence falt. The fact of its a case in which the Morohants' Association on March 1), which Brilish shipowners find place them at such a serious disadvantage in existence maices reasonable discussion between the merchants and enterprising shipownora Shipping freight wors, from one case or another, have head burar.ible, and a determination to pass over the ons, and if merchants of this country or ships of an ower who allied himself with foreign often found themselves in the position of us to the disadvantage of British owners aal pawns in a game played by condicting. The offre of the German lines is somewhat British merchants would only be a last resource. ping interests, it is to some extent their own fault for not realizing their strength and banding themselves together to make thaiz juflu no felt upon the carriers of their curgo.
THE ORIGIN OF MRUCHANT ASSOCIATION.
logous to the rucint attempt, ane sessfully withstood, of the Hauss Line to a reeze tha P. and 0. Cmpany in the Antwerp-Indian
rauto.
In the Australasian trade thees is a commiss sion or rebate payable to merchants confining their shipments to the Conferenca lings, bul there is agreement between the two partios as to this working of the services such as oxists in the South African trade. It will an doubt
It should be remembered this! mrchants
Though the grouent in favour of strong merchant associations bar andon te lly roove anyargement from the racons, romarks of the New Zealand Premier, there is nothing as in the idea. It goes back to 1888 if not further, when a meating of Senth Afclean merchants was convened at the Common-strast Hatel by Sir practicable for the Morchants' Association Donald Currie as a result of a wish expressed to ungotiato for a compact setting out clearly by the Cape Town Chamber of Commerco. That certain of the agromants regulating the trade, moeting resolved to appoint a committes of which at presentare valy tacitly understood. 12 to confer with the shiposers; but nothing are rory shy of violent soluctions of freight further casf the resolution. Anethog
the home trade. In the first meeting of South Africau merchants and others rates over interested in the trade was holt in 1893, at place, these oftan ese large depreciation in the rala of stocks; and, in the grond place, which. Sir Dorald Currie was ananimously voted they know, as hasiness men, that as 3000 28 to the chair, and as a result of the mostingco the line which is forcing its way into mittos of merchants was brought into existence
a trade has excured its footing, the Shipping which soon preceded to show that it was no daway affair. In passing, it may be useful to Conference will rains its ratas, and to anch Bote a satisfactory point which the shipowners a teal as will cover its losses during the period of redu!ion. Thus, the mercbants gained by a dizenssi a of vows with the mor- ‚£1,500,000.
chants. The very Brat resolufinu which the pay in the long rau the same amount of freight Merghnuts Committ-e used was to the ell etmoney, and individual arms may lose that, having regard to the rates of freight in theirge sum through depreciation of stooks Anatralasian and other trades that obtaining, and the impossibility of knowing mouths the rates of steam fright with South Africa aked what freights will be when quoting were greater than tho then situation warranted. c.i.f, prices.
A favourable augary for the development of This, as was pointed out to the merchants, was hardly likely to be regarded by the shipowners | merchant association is that many shipowners as a favourable opening to the negotiations, audragard them in a vary sympathetic light. The it is significant that the first clauses of the trouble which is savad, by discussion with re- memorandum setting ant the fuel resuls of the presentive men is vary great, for in the ship- meetings of the joint committee of merchants ping trad endless mittere continually come and ship wners ran thus:-
up for adjustment. One point deserves atten tou. Witnesses before the Royal Commission
been have
asked if they though! It practicabla to form merchant asemeiations in trades other than those touched up in this arti
AUTHORISNE CAPITAL SUBSCRIBED............. 1,125,000 L'AID-UP 10-1521946. UNDOODLESSE
542,500. Rasey FUND.
270,000 BANKDES: LONDON JOINT STOCK BANE, LOBULBU
INTEREST allowed on Currant Accountan
INTERNATIONAL BANKING the rate of 27, por sasum on the Daily baino e
CORPORATION.
Fiscal Agents of the United States a Chine the Philippine Islande and the
CAPITAL
Republic of Panama,
Buarius AND
AUTHORISED
...Gold $10,000,000 CAPITAL PAD IP... ...Gold 83,250,000 RESERVE FUND
...Gold $3,250,000 HEAD OFFICk: 60, Wall Street, New York. LONDON OFFICE: Threadneedle House, B.C Branches and Agente all over the World LONDON BANKERS: BANK OF ENGLAND. NATIONAL PROVINCIAL BANK OF ENGLAND LIMITED,
THE CAPITAL & COUNTIES BANK, LIMITED,
BEANCHES and Agents all over the World.
The Corporation trausaote orory descriptio of Banking and Exchange business, receive money in Current Account at the Rate of 2% per annum Daily balances and accepts Fixed Deposits at the following rates:
For 12 months 44 per cent. por annum. For 6
For 3
3
"J
#
No. 9, Queen's Road, Central, Hongkong.
CHAS. R. SCOTT,
Manager.
Hongkong, 1st January, 1997.
793
IT ONGKONG & SHANGHAI BANK-
ING CORPORATION
H
PAID-UP CAPITAL
RESERVE FUND
SILVER RESBEVE
...$10,000,000
STALING KEBBRVM...310,000,000
*.... 11,010,000
----------$21,000,000
RESERVE LIABILITY OF PROFTORE.310,000,000.
COUBT OF DIRECTORS.
(4. II. MEDHURST, Faq-Chairman.
Hon. Mr.HENRYKESWICK-Taputy Chairman,
E. Shellim, Eng
A. Fuchs Esq.
E. Goots, Esq.
A. Haopt, Eng-
C. R. Lena, Esq.
A. J. Raymond, Esq.
R. Shewan, Ex-
H. A. W. Blade, Esq.
H. E. Tomkins, Esy.
CHIEF MANAGES
Flongkong. R. M. Suita
MANAORE! Shanghai-H. E. R. HUNTER.
LONDON BANKERS LONDON AND
BANKING COMPANY, LIMITED.
COUNTY
HONGKONG-INTERRAF' ALLOWED. On Current Account at the rate of Two por Cent. per Annum on the daily talanon.
ON FIXED DRFOSITS.
For 3 months, 24 per cent. per Annun.. For 6 months, 33 per oant par Aunur. For 12 months, 4 per cent, per Annum.
J. R., M. SMITH,
Chief Maunger. 21 Hongkong, 14th June, 1907,
HONGKONG SAVINGS BANK.
▼HE Business of the above Bank in sonducted by the HONGKONG AND SHANGHAI BANKING CORPORA- FION. Ralos may be obtained on application. INTEREST on deposite is allowed at Sh Per Cout. per annum,
Depositors may transfer at their option balances $100 or more to the HONGKONG AND SHANGHAI BANK to he placed on FIXED DEPOSIT at 4 Per Cant. per annum.
For the HONGKONG AND SHANGHA
BANKING CORPORATION, J. R. M, SMITH,
Chief Manager.
Hongkong, 12th January, 1997.
ON FIXED Daroscrs →→→ For 12 months.....
4 %
6 H 3
21%
it
24
be
EVAN ORMISTON, Manager, ilongkong, 30th April, 1307.
DEUTSCH-ASIATISCHE BANK. CAPITAL FULLY PAID UF...Sh. Taeis 7,500,000
Hrað ÖrsionR-SHANGHAI, BOARD OF DIasósons, Bs2119
BRANCHES : Berliu, Hamburg, Calcutta, Hankow, Tiantain, Peking, Tainaufo, Tsingtau, Kobe, Yokohamn, Singapore,
Founded by the following Banks and Bankers :-
KORNIGLICER SUBHANDLUng (Prays9is007
Staatsoane) Borlin.
DIRECTION Des Discónto-】
GEBELLSCHAFT
DEUTSCHE BANK
S. BLEICHBORDES
BERLINER. HANDELS
GESELLSCHAFT
BANK
ANE LUER HANDEL UND
INDUSTRIE ROBERT WARSCHA TÉR & CO. MENDELSSOHN & Co.
M. A. VON ROTHSCHILD &
BOEKNE
Berlin.
Frankfurt ■/M.
JACOB S. H. STERN NORDDEUTSCHE BANK IN HAMBURs, Hamburg SAL. OPPANHEIM, 12., & Co., Koeln, BAYERISCHE HYPOTURKEN UND WACHSEL-
HANE, MUENCHEN,
LONDON BANKERS: Mesra, N. M. ROTHSCHILD & BONI THE UNION OF LONDON AND SMITH'S BANT, LIMITED, DEUTSCHE BANK (BERLIN), LONDON ÁGENUI DIRECTION Da Ducosto GEĦELLJÓNAFṛ.
INTEREST allowed on Current Account. DEPOSITS received on terang disip may be
on application. Every description Banking and Erchange business transacted.
F. JUNG,
Manager. Hongkong 7th January 1907.
THE
LIMITED.
23
OKOHAMA SPECIE BANK
Capital Paid-up....... Yen 24,000,000 BEERRYD FUNDS
14,550,000
מ
BEANCHES AND AGENCIES.
Kobe
Orakza London
Lyone
Tokyo
Nagasaki
New York
Bombay
Chefoo
Newolwang Antung Tieling
San Fransisco Honolala
Hankow Peking Port Arthur Mukden
Tdegang
Shanghai Tientsin Dainy
Chang Chun
HEAD OFFICE-YOKORAMA.
HONGKONG INTHEBAT ALLOWED,
On Currant Account at the rate of 2 per con! per annum on the daily balanes.
On fired deposits for 12 months 5'}, per nanuar
75
6
10
3
19
#
"
W
4°) 3°% TAKEO TAKAMICHI,
Manager,
Hongkong, 6th April, 1907,
580
Important reasons having been adduced why be reasonable for the rates of freight to MAY increased, it is Broad that the shipowners shall judge when such increase shall take place, it being understood that the rates of freight areole, and they baveerpressad opining that it would not to be increased (a) until after reasonable police has been given; (4) beyond certain limits {enumerated), · ·
So much for what the shipowners gained by an open discussion of views. Important coucos sions, such as an assurance that no cargo should be taison on ship's account, wore secured by the merchants, and the present ayatom of "commis sion" (or " rebate," as it has become more popu- larly known) is an outcome of the shipowners with the Merchants Committee. In 19 2 Mr. W. Garland Roper, chairman of the Merchants Com- miller, gave evidence that, on the whole, the compact had worked fairly well, and has in it this advantage-that either side can approach the other for mutual discussion whenever the circumstances of the cass reader it necessary or desirable.'
With regard to the agreement in its present form, it is interesting to note that it is not improbable important developments may occur in the course of a day or two.
J
THE AUSTRALASIAN TRADE
bo impwable, owing to the jealaxies and condo- jag interests of the rchants.. Yet these diffent- tise are by no man proving insurmosut ble in the South African and Australasian trales, where, as may be imagiusd, the rivalry is just a keen as in any other in the world. If the Conference systemsung shipownare is to cou- tune (and it exists at present in merely all big shipping trades) the development of strong merchant associations seems the unlzea! se- quence. The two parties have to a large extent Common info eals and common rivals, and in combating foreign opponents thair strength will be more than doubted if they fight side by side. Fines,
HOW TO RE BEAUTIFUL-Keep your com plexion, Mrs. Ellen's Crime Charmante. Lait Charmant and Special Skin Tonic and Poudre Charmante will enable you to do it. Her
STORAGE.
FOR COAL, TIMBER, &C.
'I BË LET, a Portion of MARINE LOT
No. 285 at NORTH POINT, Suitable. for above l'urpose. EXTENSIVE WATER FRONT. DEEP WATER
o
Also FOR SALE,
Portious of MARINE LOTS Nos, 31 & 36
PRAYA EAST. Approximate AREA 11,000 SQUARE FT. 999 YEARS' LEASE,
For Particulars, apply-
GEO. FENWICK & Co., Lrn. Hongkong, 8th Jung, 1996.
1100
FOR
5
RULOPE & AMERICA, INDIA, AUSTRALIA, NC., and far PRIVATE RESIDENTS AT THE OUTPORTS. A Comprehensivo and Complete Record of the
NEWS OF THE FAR HAST
is given in the
ONGKONG
DRESS,
W
REKLY
with which is incorporate THE CHINA OVERLAND TRADE Report. Subscription, paid in advance, $12 per nunuZ PER Postage 89 to any part of the World
Brimful of Nourishment
Trade
Mark
PLASMON
The Food for Old and Young.
(Also Plasmon Cocoa, Oats, Biscuits, &c.)
Van Houten's Cocoa
Do you want a Pure Cocoa? Then drink Van Houten's. Do you want the cocoa which possesses the finest flavour? Then drink Van Houten's. Do you want the cocoa which is most readily digested? Then drink Van Houten's. There is no other cocoa which combines these three
the
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It
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Best&Goes Farthest
OLIVE
Specialities for the Skin arn the study of a THE OLIVER TYPEWRITER CO., LTD. lifetime. 4. S. Watson & Co., Ltd., Sate Agents
MAIL TABLES FOR. 1907.
654
Shows the dates of departure of the Mails to Europe and Amerios, and the dates of their expected arrival at their destinations, as well as the dates of return Mails.
Mounted on Card
30 Centa 20 TE
Some very valuable evidenon was given last mouth before the Royal Commission on Shipping Ringe by Mr. E. B. Tredwen, senior partner of the firm of Gilbert J. McCaul and Co., and obair
Association man of the Australasian Merchants' As since its inception. The history of the formation of this association is instructiv»and is well wor'k recounting here. In 1902 the merchants in the Australasian trade received a new form of bil of lading containing several new ofuses to which ogrtain of the merchants took exception. Accordingly, six or seven of the individual firms met the shipowners of the trade in conference, And the shipowners admitted that to some extent the merchants had made out a fair case for some of the alterations asked, but they told the merchants that they were marely individual firms, and not representative of the trad», and that if their requests were granted, possibly XTRA COPIES of Daily Press are oa next week como other frm or group of merchantsesle daily at the KOWLOON BOOK- might come with some other pled, and third START, Mr.H.BUTTONJES'S KOWLOON be no finality. Mr. Tredwen replied STORE, No.36, Elgin Road & Mr. AH YAU'S that if the requests were refused because FERRY WHARF STALL. he and his friende had a mandate from
Hongkong, 22nd December, 1903.
the trade, a a mandate should be obtained. A meeting of merchants ougaged in the trade was called by advertisement, and as a result the' association was formed and with the mandato the merchants were able to secure a consider- ablo modiGcation of clauses which the shipow- ners wished to include in the bill of lading.
CONSTITUTION OF THE AUSTRALASIAN
ASSOCIATION.
Unlike the South African Merebants' Com- mitten, the Australasian Association is duly in- corporated and is prepared to fight bodies, such as railway companies, lightermen, and shipow. nors with which its individual members may be in dispute. Its momberskip numbers at present about 25 of the leading Australasian merchants and Mr. Tredwen, pressed before the Royal Commission now sitting to say what proportion of the trade with this country the membership, represented estimato it possibly at ong-half The subscription bas recantly bann put at only one guinea, though originally it was scantint for intording members to subscribe for £100 worth of abares, £10 paid up and an 3000$! of £1 18. The lowering of the subscription subscription will, it is thought, add largely
the roll of Imembership.
BENEFITS DERIVED FROM ASSOCIATION,
As an example of the influence which may be exerted in the interests of British trade by a strong association of merchants, it may be inte- | resting to recall what happened two years ago when a freight war in the New York-Austral. asian trade was being fought. It will be remembered that the White Star Line joined
Ou Paper
On Salo at the Hongkong Daily Press Offe
Hongkong, 20th January, 1907,
NOTICE TO KOWLOON RESIDENTS
ARE PREPARED, DURING THE STAY OF
THEIR SPECIAL REPRESENTATIVE IN HONGKONG,
ΤΟ
EXCHANGE OLD
MACHINES
OF ANY MAKE OR CONDITION
IN PART PAYMENT FOR OLIVERS.
OLIVER TYPEWRITER CO., LTD.
Hongkong, 11th June, 1906.
The first Essential
for the preservation of the Teeth is to keep them clean by constant attention at least every morning and evening.
1. PRINCE'S BUILDING.
An Antiseptic.
Cleansing with this well known dentifrice tends still further to secure the preservation of the teeth and hygiene of the mouth.
Calvert'sooth Powder
Cleans the Teeth
50
so casily, so pleasantly, and thoroughly. That is why it is in such constant demand all over the world,
SOLD BY LOCAL CHEMISTS AND STORES.
Gives Satisfaction
every year to more and more people who have tested its officacy and who value the appearance and condition of their Teeth.
Made by P. C. Calvert & Co, Manchester, Enghared,
65-2
[1065