THE HONGKONG TELEGRAPH, WEDNESDAY, DECEMBER 13,1916.-
COMMERCIAL
Kamuning (Perak). Rubber and Tin Co., Limited.
NEWS.
HONGKONG SHARE REPORT-
S-SELLERS; SA-SALES; E-BUYERS; N-NOMINAL.
•
Singapore United Saw Mills.
means lower exle.. As a matter goode have been forwarded to, of fact, the "average number of Englan), with a view to their The seventh annual general trees in topping last year we replacement on the markets by The following is the directors' report to the shareholders of the meeting was held on the 2nd alt soms 2,000 loss than in the prev articles of British make-United above company for the meeting at Winchester Houer. E.O., Sirious period, although a consider Empire, held on Dec. 4. Your directors William Hood Treacher, K.C.M G. | ably larger crop was harrested submit herewith their third (the chairman) presiding. The Fortanstely, we experienced very
Japsa Cell Boom. annual report and sistement of Chairmassid: From the assets little trouble from disease and sccounts for the period at Feb-side of the balance sheet you will pests, from which the Kemuning active than ever partly on account.
The Japan oral market is more Banks mary 1918 to 31st January, 1918. notice that the expenditure of
Estate is now remarkably free, of the shortage in the supply from Cantous The recounts show a net profit of immature areas amounted to the thanks to the preventive measures the mines in Kiaahu and Iwaki, North Chinas $5,771 81 for the year, which small sum of £2,669, which is intaken by our manager. During sad partly on account of the large Unions added to the sum carried forward respect of the 607 acres which the period under review small increase in demand from all Yangiszes from the previons accounts, had not come into the tapping area of 671 sores was planted up, quarters, says the Japan Times.
round. As nearly all of the old and our programme for the car fa this connection it is stated by China Fires namely, $89,825 87, makes
FIRE INSURANCES, total of $76,597.48 standing. at planted area is coming into bear rent year includes a further ex- the authorities in the Department Fres the credit of Profit and Losing during the current financial tension of 250 sores, which thrald of Agriculture and Commerce Account, which your directora year, capital expenditure has now bring the total area under col that the principal causes for the propose to carry forward in view practically ceased. Out of our sivation to stout 2,500 acres. intense boona in the coal market Douglases of the purchase mentioned below. aarplos fande we have bought in conncotion with this extension are to be fonal in the greater Steamboats No amount has been written off a 55,000 Four and Half perpent. the mansger remarks"-"It activity of diferent lines of
Indos (Det.) depreciation on the Wan Les sad War Loan, which is now written was with great satisfaction that industry in Japan under the Sheff
Indos (Pref.) Siong Lim saw mille, as the valas- down to approximately the pre- saber quent sanction was received favourable is fineness of the war Ferries tion shown in the balance sheet | sent market value. The year for
extension..., The in Europe. Many industrial
is more
ibe
The Value of Rubber.
REFINERIES,
BANK OF CANTON LIMITED.
HEAD OFFICE HONGKONG
FOREIGN EXCHANGE and General Banking Business Trans- acted
CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- ceived."
INTEREST ON FIXED DEPOSITS:
For 3 Months 3% per annum
Chief Manager.
NOTICE.
NOTICE.
BANKS HONGKONG & SHANGHAI
BANKING CORPORA WILLITION, AN RESERVE FUNDS: Paid-up Capital ....................... 15,000,000.
Sterling
£1,500,000 at 21-
-$15,000,000
Silver ...$18,000,000
$33.000,000
Reserve Liability of
Proprietors...$15,000,000 COURT OF 'DIRECTORS.
If Mr.C.E. Anter
W. Faltraden. -Charent
F. H4 Dodwall, Eng-Deputy & hairmons
G. T. X. Hos
c༤
Bay.
Bom.... Hoiyoak,
1. A. Phminer,
Hom, Mr. BheDia
CHINY MANAGEM
Hung. J. Stab, Eng.
XAXAGER
Saraghai. Siepbio, Esq. London Bankers-London Ocuaty and Westminwer, Limited...
Hoogkong-Inter Allowed
On Current Accounts at the rate of 2 por cuai.
sasum on the daily balanc
ON FIXED DEPOSITE
For & months, 2 per ceat. AT ANUSIA. For & manib, g per cunt, pET MANUAL For me, i per cent per comuns. N. J. STABB,
Chief ManageN
OFFICIAL PRICES.
BANKS
·
H.
$750
MARINE INSURANCES.
$400
T
1.
t. 152 $025 1. ox 73 $255
$125
$375
SHIPPING.
S.
$121
For 6 Months 4% per annum DFor 12 Months 4% per annuw
LOOK POON SHAN, -
$213
b.
$140
.b.
$1612
Д.
B.
104/-
$58
b. & sa. $128 b.
$37
MINING
1.
b.
36;- 1.21
Raubs
n.
Tronohs Urais
n
$2,5) 30
13. $. to $0.45 r.
sy M.
n.
3219
DOCKS, WHARVES, GODOWNS, &C
LAS P 1+45 2400 LTI ANI
*
x Kin.
LTC Pal
Ex IS 10.
* M
SOL
.
$8416
S'hai Docks
b."
$131 -1.90
LANDS, HOTELS AND BUILDINGS.
1.00,
st, A.,
b.
$101
"
10 Mi
10 to
D.
$115
ri Mah
Two + 5
3
H D.MM.
$97
L : 50 $.00
21
98 Ma
A.
$6.90
5.
$35
Beserve Fund.
Paid-up Capital in mourne
Da
91
Reserve Liability of Proprietan
$85
+
is fully $30,000 below what under review affords further selection made is fine land, sad companies have either extended they are worth according to pre-astiatsotory indications of the will add immense value to the or built new planteand increased Sugars sept values. As mentioned in the craft-earning capacity of our property by consolidating. Ayer their output. New companies Malabons last annual report, the Koo Lim property The output of rabber Hitam, Lawit and B divisions." have also been created in large aw mill and the Koo Huat saw at 733,766 Ike. is an itorease of Unstinted credit is due to our numbers. Labourere at miner, Kailans mill were purchased in February 65,499 lbe upon the previous medial officer, Dr. Waugh Scott, who are earning much more then Langkats
The output per saree the pleadid health report he they used to with industrial com of last year, The payments made period. in the course of the year in re-cerisinly shows some reduction, we able to present at the end of panies have quitted their under- apparent the year. In this direction 1915 ground work and gone to other spect of the purchase of these but this milla account for the Bank over than real, being due partly 16 was the best year on record, and more remunerative and safer drafts sprearing in the present to thinning nat operations, en. and so low was the death rate trades. At present the shortage balance sheel. At the inception of tailing the coking out of 18,000 araong the coolies that it compar- in labour is felt quite keenly at H. K. Wharves sa the Company, it owned two saw tappable trees, and partly to theed favourably with that of most the coal mines not only in Kinshu Kowloon Docks b. mille and two longkangs. At maturing of frash areas, which, European populations.
With bat in Hokkaido and Iwaki sa the present time the Company with their smaller production, regard to the year on which we well. Though mine owners in owns four w mille and eight naturally had the effect of redac-are now well advanced, the Kinshu have recently abolished tongkange with an aggregate toning the average, However, I estimate is, as you know, 810,000 their restriction is production, Centrals page of 700 tone. This increase think you will agree that a return b
This crop the manager they have failed to increase their H-K. Hotels in plant bat enabled the Com- of 445 Ite, per sore is by no saticipates being able to harvest production and, therefore, the
Land Invest. pany to make good headway, and means a bad resalt. (Hear, bear.) at a fo.b. oast of 995d. per lb. dec esse in the visible stocks at Kloon Lands H'phreys Est. although our directors have A farther reduction is shown in There seems little doubt that this various centres in only slowly Shai Lands passed through very serious the fo.b. cost, which was 10.861 estimate will be realised, as in meds good. To add to the short West Points times since the war broke out,gainst 11.62d. per lb. The over the Arst three months 215,630 ags in stocks, foreign buyers have they are pleased to be able to say head charges were a little higher. lbs. bare been harveeted. The increased their purchases of late,
COTTON MILLS. that there has been a entisfactory due to sa inpresse in the cost of chairman concluded by express sa miners in Nw South Wales Ewos
b. . 1. 157) revival in the timber trade with freight, insurance, etc., and ing appreciation of the services have gone on aurike and not only shoktons
Kung Yiks b. & sa, t. 15 gratifying results to the Comexpenses incurred in London rendered by the manager and the in the Australian Commonwealth pany's operations. Your directors administration on account of two members of his st f.
Yangtazepoos bat in all parts of the world where regret not being in a position to dividends being paid instead of
Australian coal has been used 30) MISCELLANEOUS. distribute any dividend, but the one only as in previous years. A correspondent of the N.-C. far a great shortage has been Borneos shareholders must realise that Notwithstanding these increaser, Daily News, writes:-" For the caused in fuel. As long as the China Light & P. b. their property has been greatly the "all-in" cost is, at 15. 1.49.1. 12 months ended June, 1915, the powerful factors just pointed oat consolidated, and that future per lb, nearly 11. per lb. lower value of the rabber imported in a are in evidezas therefore, this Dairy Farms n. prospecta are exceedingly biight. than it was in 1914-15. Naturally, the United States of America boom in the coal market will Green Islands The directors to retire are Mr.we have benefited by the improve from Great Britain and the Eset continue.
H. K. Electrics Ori Swee Bro,and Dr. 8. O. Yin, pent in the previously low price Ladies together moaned to who, being sligible, fer them- of rabber, sa is shown by the fact 0.$53,000,000, while for the 12
Shanghai Plece Goods. alves for re-election. Daring the that the average price realised months ended June 1916, it rose to
Steel Foundries D... Shanghai, December 2-The Trams, Low Level n. present year, in accordance with was 2s. 7.78d.. as compared with G. $123,000,000, and, as the total the Companies Ordinances 1915, 2s. 2.76.1. per lb. in the previous value of the manufactured rabber ative interest sete was lowered Trams, Peak, old b Mesere Lowe, Bingham and Mat- year. The total profit, including exports of the United S.ates of this week, that is the official Trams, Peak, new b.
| Laundries thews were appointed Auditors, that derived from tie, amounted America increased by leathan G. quotation, but rose resin rester. U. Waterboats. They now retire, and being to 257,708 0.68-over £20,000 $20,000,000 for the same period, day and now stands at about the Watsons
ligible offer themselves for in excess of that for the former it seems obvious that by far the quivalent of 12 per cent. per Win. Powells
year. It is unfortunate that the largest part of the increased con- sou, but when it comes to Morning Posts n. incidence of excess profits daty somption of America is internal, actual borrowing no money can prohibits us from distributing and therefore, is not accounted
be sot at this rate, like the T.T. this exira proft. When we de for by purposes that are on than that quoted are obtaionie: <fficial quotation, rates higher olared the interim dividend of 10nected with the war. It is per cent. in February last there probably correct to conclude General Chamber of Commerce
It is understood that the Chinese Share and General Brokers. London, November, 8.-The seemed every reason to suppose that
Princes Building. market for oction is now most that we should be in a position to taken during the following three called the besde el the native uncertain. In spite of earlier recommend a final distribution years did not much exceed those
banks into consultation, pointed cotton prices it has been difficult at a higher rate. However, dinoe for the one year, 1911. The next at that they were stagnating to obtain much concession either then there has been not only three years will show a still g: eater and intimated that it would the business of the port, frem spinnersor manufacturers; considerable and rather unexpect falling off, for very few large in fact, in many case where ed decline in the price of rubber; extensions can be undertaken, so be well, if rates were lowered. order books have warranted it, but our anticipations in regard to long as wat conditions continue, matter of face-saving they T................. the previous week prices have the treatment to be accorded to and probably not for some long
did so, on paper. Matters are been insisted upon. This has kept rat bar companies by the Excess the cloth market very strong, Profits Appeal Tribunal have
ekcoticn.
Manchester Goods.
and has made business all the
the extensions auder
Providents
b.
PEAK TRAMWAY 30 LIMITED
TIME TABLE.
TEEK DAY).
70% Au 30 1.00 . EVE ( MA
DEAN, is 16:00 201.
zo M. LS M
--m ག་་་་
NIGHT CAR
ex. flat way kal horn
7.10 4.X.
11.00 P.M., 10 21.41 F.3:
every quarter of an begr BLN DAYS
to toga alpty -Zvert: 91. MAR.
21,00
14.00-Room
FIND PLACI 15 km Pa
BS 11.
HIGH CALS on Whak Days
SATURDAYS
Extra CM to midnight.
SPECIAL CARI
By Arrangemil at this Comprog's Diles,
EN Toe Road,
HONGKONG SAVINGS BANJ, THE-Farinest of the shere Baak le conducted by the HONGKONG AND SHANGHAI BENKINŐ FORPORATION. Rules may be obtained of applications INTEREST a deposita is allowed on the mir imum monthly balances at 83) per cent, par s
Depositors may transfer, at their option, leach
of 100 or more so the Hongkong and Shangh Back to be placed a FIXED DEPOSIT ne 4. set par anDLE,
For the Horgtong and Shanghai Banking Corpan
N. J. STABB,
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Incorporated by "Royal Charter 1833.
HEAD OFFICE, LONDON,
#90,000
POREIGN EXCHANGE and General Bankdel
basione tranencial. CURRENT ACCOUNTE opened and PLING DEPOSITS received for 1 year or shorter perioda, ant
"Season and peach tickets available for all careentes which will be quoted on applications
got siready full, meaning at the time stated in the Company's time abies, but set for special car, Ga
be obtained on application at the Compary's Office No Season ticket will be issued until payment the e- for has been made is Bank Xosas or by Chequ Compradore order representing Enakota."
JOHN D. HUMPHREYI & CO.
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
b. & eat. 12)
A.
t. 6
$BK
$4.75
$8,85 $25
e.
D.
$11,80 253
H. K. Ice Co., Ropes
n.
$ 160
(Capital Fald up...$1,250,000.)
$94
$934
$7.00
$0
#1
$84
• $17.00
b. b.
$6.75 $6.40
CORRECTED TO NOOK WEDNESDAY BENJAMIN & POTTS,
DECEMBER 13, 1916,
Tel, address: Broker.
EXCHANGE.
SELLING.
2/44
2/45/16
*2/44
2/14
2/4 9/16
10)
Demand
time afterwards so that in the omewhat easier this week, even 30 d/s...... fature there is assured to the rub, though m-ney is still about as 60 a/c.
been far from realised. The matter ber industry period of years tight as it was, and no real relief
4/6.......
56
135
Nom.
3.27
BUYING.
4 m/s. L/C
more difficult. Mosers. Bobert has been and is being discussed during which it is ressonable to oan be looked for until a consider TT Shanghai.........Nom. Barbour and Brother, Ltd, in at length in the Press, and it is expect continued increase in the able amount of silver is imported. TT Singapore their Manchester Market Report not practicable or desirable that I world's consumption, while the Subetantial amounts are due this T/T Japan"............ 109 4 for October, write-Through should enter into the intricacies of new tapping areas available will be fortnight, more later in the IT India 175 $4 ont the greater part of the onee at this meeting. I am sure greatly restricted. Each year, as month, so things should be mach Demand, India...... 175 the month the advance. in cotton you will be willing to leave the it passes, seems to leave the rab- easier for that important time, T/T San Francis-
co & New York) have been ons rising cansation matter to the Rubber Growers' ber industry more firmly estab Chinese New Year toward the T/T Java on the top of another, with the Association for attention in the lined in the Middle East. The end of January. The piece-goods T/T Marks market becoming more and more furre Bo far as this company in bogies of synthetic rubber and suction markets show consider TIT Francs atarated with the most bullish concerned, the amount which it over-production and fatal disease ably more strength this week and Demand, Paris ... 3,27 notions: On the declaration that will have to pay to the Exchequer appear to have been disposed of clears nees are somewhat better the largest on record, over 4,000,- has not been definitely ascertain and the position is now being though a long way from what C00 baler, had already been ed, but we are in communication recognized as no longer speenl might be desired. Prices were
2/5 1/16 ginned by Sept, 25, some panes, with the Revenae suthorities on tive,
2/5 3/16: 4 m/s. D/P but both assured and alighly advanced at the opening 3 m/s. LO if not reaction, might reasonably the matter, and have made dae profitable."
2/5 5/16 apelion of the week,and advano 30.dfs. Sydney &z) hare been expected, but say re- provision for mesting our liability, Capturing Enemy Trade. ed so noticeably at the Matbourne...
2/5 5/16 straining it fluence was at once Under these circumstances the Until the outbreak of war, the closing auction that the 30 dis. ban Franc-57 clean wiced out by the lowest directora recommend the distri- Julait Gesellschaft, established at market has now quite recovered isco& NewYorkƒ September ccndition over known, bation of 10 per cant., making 20 Batsritari in the Northern from the decline of early in m/s. Marks .....Nom. 66.6, agaicei 18.3, the previous per cent. for the year. With Gilberts, held a high place among the month. Replacing costs are 4 ms. Franci.......3.39 minimam in 1903, showing regard to work on the estate, the trading concerns of the Pro-getting farther and farther away 6 mln. FraCCI ....3.44 deterioration of 4.9 dating the everything is progressing satis trotorate. Though the and there is preatically no forward Demand, Germany.. month and comparing with factorily; woading and onltivation played by this firm in the business being booked. There Demand, New York. 56 14 608 in 1015. Transactions have been given moet carofal Importation of Germen and been considerably more Demand, Bombay... 175
TIT Bombay
• were not · BABY to compass, attention, and costs in this cop- Austrian goods was preponderant, speculativa buying this week, T/T Calcutts
and the
part
Bar Silver, per of
8. Nom
realment displayed Dection have been materially it was not exolasite. Prints, reselling in not so much In Demand, Calcutta... 175 by buyers et such continuously reduced. Thinning out operations beads, beer, scents, sewing- evidence as it has been this past Demand, Masila ... 112 accumulating prices certainly contigne,20,722 trees having been machiner, and many ther articles two or three weeks, and a gener. Demand, Singapore. 100% restricted progress in some quar- cut cut during the year. Up to of German or Austrian manufacally more healthy tone prevails, On risiphong 34% prem ters. India continued to provide the present the average number inte appealing by their cheap There is considerable icqoiry On Batson arin... 344% pram. considerable inquiry. Anything of trees to the sore has been rosa to the trader, or by from interior poins which are On Bangkok ....................... 654 liken benliks stimulas from China redeoad from 185 to 130, and some carsfully designed appro very short of stocks all over, sed Sovereign wan still wanting, bax clearances shere will be = will further printenowe to the westyo, have speculators who have the money
Gold Louf, par ok... 51.8) in Bheagbal occasioned rather reduction wetlik operatida: om disseminated by Bitinh to invest mod who appreciate that mong trement in onetsia fenoiss
Although this. The Julie Tremtiachat Shanghai priem mes so far below and specialitics. To the Liverpool ning ani, has the #Back of was closed down as "the anthrank repincing «couts, are taking up Cotton Market pot opened at temporarily reducing the output, of war and the sale by other piec-woode on what appears to 9.49, rapidly fixing to 10.00 an it is, zon know, an un- | traders of goods manufactured in ; be a surety of a goo) turnover að the Dub, and subaequabilýäller doubled hot that we shall event, enamy counties bus per
othing else than a continuall dentaations, į poslad" the recor ually bans it in better growth and Initiation from olds 21121113 on the 27th, 1 cant quently and from the Royal-
SUBSIDIARY COINS,
DISCOUNT PER $100
Loss on Manage of Honsa Property &c.
received on Storage
Goode on Merchandise.
Loans made on the Provident System. (Rates and Particolars on appliczuanà
The Office of
TRUSTER, EXE UTOR OF WILLS, ATTORNEY, At, Undertaken and Executed.
SHEWAN, TOMES & Cr. General Managere.
MITSUBISHI COSHI
KWAISHA.
(MITSUBISHI CO. “
COAL DEPARTMENT.
SOLE PROPRIETORS OF
TAKASIMA, OGHI, MUTABE, KIS H- JOKKE, YOSHINOTARI, HOJO, NAMA- ZUTÁ, SAYO, KANADA, SHIKNEW, KAMIYAMADA, DIBAE and OYUBAR
Collieries.
Agent for SAKITO COAL
HEAD OFFICE -- MARUNOUCHI, TOKYO.
BRANCH OFFICES -MAGABAKI MOJE KARATBU, WAKAMAT80. OTARD. MURORAN, HAKODATE KOBE, OSAKA, KURE, TOKYO, YOKO- HAMA, NAGOYA, TSURUGA. VLADI VOSTOCK, HANKOW, PEKING, LON DON, NEW YORK, SHANGHAI, HONGKONG, HAIPHONG and CANTON,
Cable Address:"IWASAKI," Codes: Al, A.B.C. 5th Ed., West ern Union, and Bentley's.
· AGENCIES **
T. U. DOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANK OF INDIA, LIMITED. Head Office 15, Gracechurch
Street, London,
Authorized Capital .............. £1,500,000 Subscribed
Paid Up Reserve Fund
H
1,135,000
FOLOLI $62,500
BANKERS:
150,000
The Bank of England, The London foist & cock tank, Limited." BRANCHES >=
Bombey
Calcutta
Colombo
Dek
Galle
Hongkong
HOVIAL
Kandy
Port Louis (Mauritius.)
Karach!
Zain Bhary
Kuala Lump
Mades
Penang
Kangoon
! bangbal
Zingapore
BO:GKONG BRANCH. Every description of Banking and Exchange business transacted.
faverest allowed on Current AccOUNLA QËN PÉT GO! per annum on Daily Balances, and on Fixed Deposit at rates which may be ascertained on application.
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
95, Wall El, New York,
LONDON OFFICE;
yo, Bickopagnia, ECSTAT CAPITAL PAID UP
......$3,250.000 RESERVE FUNDS. $3,991,000
...$7,181,000
BOMBAY
US, GOLD
BRANCHES :-
HONGKONG PEKING, KOBR
SAN FRANCISCO LONDON SHANGHAI MANILA SINGAPORE MEDELLIN TIENTSIN FANAMA
YOKOHAMA
CALCUTTA CASTON CLAU
COLON.
HANKOW
Through its chose afflimeion viih The Nadop Services of the Branches of that Inauftutions is Cathe Chy Bank of New York, the Bank is able to offer the and South America inmely
BARIA, BUENOS- AIRES,
HATANA MONTEVIDEO RIO DE JANEIRO SANTIAGO DE CUBA, BANTOS, ZAD
CHINKIANG-Messrs. GEAR-PAUL, VALPARAISO,
DG & Co., MANILA-Mosers.
All kinds of FOREIGN & LOCAL BANKING CURMENT ACCOUNTS opened and FIXED
| MACONDRAY & Co., SINGA-BULINERS transacted.“
PORE Mesere, BORNEO Co. DEPOSITS received at rates to be ascertained on
LTD, GLASGOW-Mess A. R.Plzon, BROWN, MCFARLANE & Co., LTD
For Particulars, apply to-
K., KATO..
Manager, Hongkong. No. 2, Pedder Street,
MARTIN'S
APIOL ESTIL
A) EXANDRA
M. 8. MARSHALL,
Мавидага Hongkong, 26th September, 1916.
THE
YOKOHAMA SPECIE BANK, LIMITED.
Established 1880, Authorised Capital Yen 48,000,000 Paid-up Capital Bosorve Fund
14
Hosu Office-YOKOHAMA,
་་