THE HONGKONG TELEGRAPH, WEDNESDAY, FEBRUARY 28, 1917.
COMMERCIAL
NEWS.
restraint on insurance' companies doing burinses in the Settlement. This measure can, however, be avoided if our Government will
Icee
sime
in
Iasarapce
Commercial Treaty.
Japan's Rice Exports.
HONGKONG SHARE REPORT.
S-SELLERS; SA-SALES; B-BUYERS; N.-NOMINAL,
REFINERIES.
$900
BANKS.
BANK OF CANTON,
LIMITED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Transacted.
INTEREST ON FIXED "DEPOSITS:
For 3 Months 3% per annum.
For 6 Months 4% per antum.
"
For 12 Months 43% per annum LOOK POON SHAN;
Chief Manager.
PEAK
NOTICE
NOTICE.
TRAMWAYS 30. LIMITED.
TIME TABLE,
WEEK DAYS
Los Evezu 11 minutes 10:00 AM.
OFFICIAL PRICES.
BANKS.
S.
$710.
1.
£375 t. 150
12.
1. ex 79 $235.
X.
I
$155 $367
SHIPPING.
B.
8109
$19
B.
$125
D
8411
1.
106/-
D
.$33
3.
b. & sa, #110) $33
MINING
n. b.
36/-
L. 19
$2,40
30/-
1.
281-
DOCKS, WHARVES, -
GODOWNS, &C. Kowloon Docks H. K. Wharves n. I. d. $83 S'hal Docks B1.
$1264
t. 8z"
SJCAM LO 30.00 am to 11.30 duli 30 2943, TAL TONE PANEL
พ
40
15 +50 Tag
JESS
+1
+
1-0 0.
Ban PJ0) ta 5.00
AND BUILDINGS. Centrals
11.
$95
题。
$107
b.
$21
b.
$8,50
11
$33
139) AJILI
t. 86
感
$73
$13.
COTTON MILLS.
OH
.145
t. 12
b.
t. 115
5.
t. 51
MISCELLANEOUS.
b.
$7% $4,65 $9,00
b.
Green Islands
b.
$24 $11,10
H.K. Electrics
b.
$49
H. K. Ice Co...... Ropes
11.
$160
b.
$32
n.
$10
$7,20
$9,60
(Capital Paid up...$1,250,000:)
$1
I.
$81
Advances made on Merchandise.
81554
b.
361
Loans made on the Provident System, {Rules and Particulars on
n.
LANDS, HOTELS
H. K. Hotels Land Invest.
phreys Est.
The total exports of rice from Japan last year mounted in which 920,836 picale represented Shai Lands quantity to 1834,474 picals, of
K'loon Lands
cle ned rice, and the remaining nabulled rice," 711,820 picals West Points 1,818 piculs other varieties. The total export, is the largest since Ewos 1889, while the export of cleaned Kung Yiks 1. rice creates a record. Hitherto Japanese rice has been esported Yangtszepoos.
S'hai Cottons
for the most part in the anhelled condition. The increase in the Borneos export of cleaned rice is explained | China Light & P. b.
dae to increased shipments to Providents Great Britain as a result of the Dairy Farms
war.
Textile Trade of Japan. November. An industry that
the other staten New South Wales After the outbreak of the war will go sa. far as that.after trade,
and New Zealand have never the export of textiles from Japan and so promptly, is one that is
neglected to maintain some under- ataadily increased, and last year out for business, and means to
standing with this country. The smounted in value to about T60-
What would English| got it.
European war has led to the 000,000, as #gainst Y38,500,000 mille have done in a similar pablishing an Insurance Act Australians deriving greater for the year preceeding. Upon circumstance? If they had had A letter has recently been written benefite from the naval senistance the turn of the year orders cor- the protest meetings, how long to the Chinese General Chamber which Japen rendered Great tinued to come in, but later would it have taken them to make of Commerce, by Chu Bai-tson, Britain as ceased abruptly, reports the Jour
her Ally than the Banks "Foreign Office act? chairman of the Wah An Fire British people at home and MARINE INSURANCES, Japan Chronicle. From Chios Besides looking to car and Marine Insurance Co, Tang' British residents in Chins. Since Cantons there are only emell ordere for industrial efficiency in the Shac-yi, chairman of the Venus 1915 the Premier of New South North Chinas jane, while basines has practical- textile trade, we shall have to Life Assurance Co., Shen Tan-ho, Wales has frequently declared in Unions ly been suspended in sheetings look after our national efficiency ohairman of the China United public speeches that Australia Yangtszes and drills with the completion in Consular service and Ambas- Life Assurance Society, and owed a great deal to the Japanes FIRE INSURANCES. of the shipments for January. sadors, and, as the Chambers of others. It reade briedy A Navy for the transport of her China Fires From India orders have been Commerce of England lately re followe: "Ia western nations troops and the protection of the H. K. Fires suspended practically altogether, commended, have our business insurance business has been Australian costs from bombard and it is not expected that business interests in foreign isnds in the operated for several hundred ment by enemy vessele, and has will revive for a month or 80. care of baciness men who know years. To-day it cocupies thas come to openly inspire the Steamboats
Douglases The exact reason for the est-back the people and the language not a very important position, | Australiens with pro Japanese Indos (Def.) in not known, but it is believed Oxford men with a degree in even sapurior to that of banke.sentiments. It is now reported indos (Pref.) to be due to the fact that Japan classics and £400 a year private Companies doing insurance busi- that the Australian Governmert Shells ese prices are higher than Indian income. The market span islook. nese are like large repositories, has decided to engage Mr. James Ferries and Chinese prices by about 10 ing towards most longingly in the existence of which is import Murdoch, the well-known Japan- per cent. This fact is attributed Chins, whom she is hoping to ant because they undertake to ese scholar who has been interest- Sugars
peonlative transactions on the supply with all her weats of cotton accumulate savings for the public. ed in the higher education of this Malabous domestic (Japan) market. It is and wool goods, and a good deal All nations bare therefore en-country for the past thirty years, aid that following the rapture more besides. Some merchants forced special Act which on the a Professor of "Japanere at Mel- of diplomatic relations between in Bradford, sad in Leeds and one band offers protection to the bouras University. The Takyo
Kailans the United States and Ger Manchester too, say there is not husiness and on the other directe deshiexprenses much entisfaction Raubs
Langkats many, 20,000 or 30,000 bales much probability of Japan driving control to prevent the public at the fact that the Common-Tronohs hava daily changed hands out the Western manufacturer from being cheated. The wealth of Australia has come to Urals in speculative transaction. Ac from his trade in either China or only country that is still in gradually understand this cording to the Osaka Asahi, the India, for the simple reason that lack of such an Act is Chins.country, and hopes that the Mitani Bassan Kaisha sold about her mills have not yet learnt to We have heard recently that the statesmen on both sides will do 30,000 tales on the announce make sa many fabrics, or ae good, Municipal Council has passed a their utmost to improve the re- ment of the American-German as we have. Os cheap goode resolution for the restraint of Istions between the two peoples. break, and then booght 12,000 Japan is very strong, but on Chinese insurance companies by Sales at a profit, subsequently better articles has to give in to a special Act which it is going to again selling about 4,000 balee, England and France every time. draw up. If the Chinese Govern- The Yamska Shoten has got about Native Insurance Companies. ¡ment does not publish an Iosar- 30,000 balea in stock, and some
la view of the strong movement ance Act, the Municipal Council others of the first class Osaka that is being made in favour of cannot be expected to wait for the merchants, such as the Kosho registering and thus controlling Government to take meentes and the Shima Shoteo, are also Chinese ineurance companies, We, representing all *Chinese said to be very active in specals doing business in Hongkong and companies, bereby most respec tive transactions in cotton textiles. Shanghai the following articles fally request your Chamber kind- On one or two occasions, very from Chinese newspapers are of ly to apply to the Ministry of widely separated, Japanese goode interest. The first is from the Agriculture and Commerce for have been sold on the English Sinwanpao cf February 15-The the prompt adoption and market, said a writer in the Shanghai Kunicipal Council, sea-publication of an Financier, recently:- About sing that Chiness insurance com- Act.” year after war broke out our own panics are in lack of some of the milla were so busy that they could esentiale acoessary for success Japan and Australia-Suggested not supply the demand, and both and that many of them hara Japanese yarns and pieces were recently closed their doors, which Indications, that pro-Japanese imported, the former being causes cocsiderable injury to a feeling is growing in Australia bosiery counts in Botany quali- large number of people, have are welcomed by the Tokyo Asahi, ties and the latter union cloths. come to the conclusion that some which urges statesmen in Japen No big weights were imported, set should be drawn by them for and the Commonwealth to let slip and to all appearances it was the restraint of these companies, no opportunity for bringing the a similar kind of trade, both in thus preventing any further two peoples into closer touob, and size and duration, to that injury dons to the public. A for- suggests the conclusion of a which America did with as in eige company, which has been Japanese-Australian Commercial tops, yarns and pieces. Neither an enemy to Chinese companier Treaty to start with New South of them lasted long, but thay and which has for s long time Wales and New Zealand have called the attention of England's been watching Chinese com- always maintained a more friendly textile trade to what our companies for some purpose, takes attitude towards this country than petitors are doing. Japan'a textile advantage of the opportunity and any other parts of Australasie, industries are among those that expresses opinions of the question. says the Tokyo journal, and bare prospered most during this
Foreign newspapers, too, are it is gratifying to learn that Warcontinues the financial journal. following its example by inciting these two States are now positive. The straggle in the Weat has the Municipal Council to put their ly working for the diffusion of brought great wealth to the trades notice into action. Their object pro-Japanese
foslinge. of the East, and the textile in to strike down all Chinese com speech delivered by Mr. Ward, trade is one of the most im- panies by a single blow sa one the Finance Minister of New portant in Japan. Russia has might catch all the fish in a pond Zealand, at a meeting of Austra bought big quantities of khaki with a single throwing of the net.lasians in London at the end of there, and the only serious ob: Mr. Shen Tas-ho, chairman of last month attracted mach stien- siscle to far more being placed the Chias United Life Astar- tion from the Japanese. In the wan, and ie, the inability of ance Society, is greatly surpris course of his address Mr. Ward Japanese merchants to grant any ed on hearing the news. He took exception to that part of
2/4 redit to speak of. Russia has javites all the Chiness insar- President Wilson's address to the Eastern Smelting Company.
2/4 1/16 floated loans there to pay for ance ecmpanies, fire, mezine Senate which related to the dis.
30 d/s................... 2/436 goods, but does not look too and life, to hold a meeting sad position of the former Germso
60 dfs........... The following report of the favourably upon this method of discuta plans for counteraction. possessions in the South Seas, and directors was presented at the T/T Shanghai.....
4 m/8....................... payment. Now milla have been This is done. All are of opinion declared
ther there was general meeting held in London T/T Singapore sel up in Japan, and several have that once the Municipal Council nothing objectionable from the recently. The net profit for the T/T Japan combined to send an English pat their notice into ection, not Australian viewpoint in those period under review amounted to F/T India textile expert home to buy scour only the Chinese insurance com- islande being retained by Japan. £21,395 19 ild. After making Demand, Indis
Nom. ing, combing and spinning plaat. panies will lose their freedom in Almost simultaneously, Mr. provision for the items shown in T/T San Francis-1 His difficulty has been to get the business, but China's national Walter Long, the Colonist Secret- the Appropriation Account and
552 co & New Yorkf delivery in anything lika zes rights will also be greatly (flect- ary, made a public declaration including the balance brought for- T/T Marke............ Nom. T/T Java............... 13414 for that ed. The only remedy which they that the former German Colonies ward from last year there remaine T/T Francs.......... 3.2314 reason a good part of the orders are able to suggest is to apply to now in the possession of the Allies to be dealt with a aum of Demand, Paris *** 3.24 may be placed in America. The the Ministry of Agriculture and would never be returned to their £25,017. 14. 2. The Directors now
BUYING. perchase of this new machinery Commerce for the early adoptica former owners. These two speech recommend the payment of a means that Japan has money, and publication of an Insurance es, the Tokyo paper proceede, balance dividend for the period 4 m/s. LIC.................... thinks the textile trade worth in Act thas avoiding any inter-are among the most important at the rate of 10 per cent, per
4 m/s. DIP....... vesting in, and sees extended ference from foreignere, Ae that have been made since the annum on the Preferred Ordinary 30 d/s. Sydney &
6 m/s. LIC... markels that she can capture. She the result of the meeting Mr, outbreak of the war, as illustrating Shares £2,500. A dividend of also know that "now's the time," Shen Tan-ho is elected as their Britain's attitude regarding the 5 per cent, on the Ordinary Shares 30 dia. San Franc-1 while all serious competitors are representative, who is to go to dispoesl of the German 47,750. Total £10,250. And to bany otherwise. For some reaIs Poking and present to the Minia Colonies.
isco& New Yorkj Especially from carry forward £14,767. 14. 2. 4 mfa. Marks now her buyers have made them-try an application signed by all Japan's sland point, these The Directors are pleased to re- 4 m/s. France 3.3514 selves fait in Australian woolhe Chinese insurance companies. two speaches are of the grestent port that the appointment of & mis. France markets, and have practically em--The following is from the importance, in that they may be east. Fraser and Co, as local Demand, Germany.
***** 34014 ployed the Australian combing Eastern Times, (Chinese) of Feb construed se signifying the ep: menager in the East has Demand, New York, 554 plante. Lecently Japan's imports reary 15-Ten years ago there proval of the Colonial Offics of proved of great advantage Demand, Bombay... Nom.
T/T Bombay ************ ingressed by about one-third, were only foreign companies Great Britain and the Australian to the Company. sation and wool being the chief doing insurance business at Government, of Japan's permen- operation between the various Demand, Caloutta... Nom.
Closer co-
TIT Calcutta ................. - goode concerned. The mang Shanghai. In recent years hin, ent possession of the South Sea departments has been effected, Demand, Manila... 111 facture of hosiery, which in
ese merchants followed. The Islands now ander her coceps and they have stary reason to Demand, Singapore. 9936 largely carried on in Japan, has Wah An, the Wah Zang, the tion. The Japanere people are believe that in consequence of the Oy Haiphong......... been hit by the British Govern Wah Shun, etc. are known sefire called upon to pay special atten- improved methods which
24% prom ara On Saigon .................. 274 ment's decree prohibiting the imineurazes companies, and the tion to the improvement of rels being introduced at the works On Bangkok port of hosiers into England, China United, the Venus, the tions between Australia and this better realia will be shown in the Sovereign most of this Japanese hosiery be-National, eta, are konwn as life in country at the present time, fatare. In accordance with the Gold Leaf, per oz... 48.60 Jing of easton. Manufacturers | SATANCO. companies. All have when the important question of Articles of Association, Bir Bar Silver, por c... M1⁄4 and stealers held mass meetings on making steady programs. Os the disposal of the South San Eraset W. Birch, OMG., and of protest in Omks and Tokyo count of the successive failure Islands in awaiting settle the Hon. Mr. A. R. Adamu retire, SUBSIDIARY COINS, and got into touch with our of second class insurance comment. Of recent yours à vary and, being eligible, Gder Foreign Oos through the panies, which has created a pre-active armament movement has themselves for re-election. The
bassador in London. They adics in the mind of the public been advocated in Australis, | Auditors, Mouru. Maxwell Hicks Chinese...20 cis. pisces 554% dis. foceeded in getting the prohibi-gainst insurance business in with Japan as the objective, and Co., retire, and being eligible, Chiness... 10. tion pat off till January general, the Municipal Council though in the midst of the anti-aleo hough it should have started in has resolved to effect some Japanese feeling prevailing in re-electio
sonable time, and
The
U. S. Steel Holdings.
On December 31 the holdings of U. 8. Sisel common stock were 502.632 shares, compared with 537,809 shares on September 30, 625,254 shares on June 30 and 634,409 shares on March 31, 1916. Foreign holdings of preferred: at close of year amounted to 156 4/2 shares, compared with 171,098 shares on September 30. During the last quarter of last year holdings of common de- cressed 35,177 shares. During the September quarter the decrease was 87,445 shares, and in June 30 quarter 9.215 shares. March 31, 1914, before the out- break of the war, foreign inves tore held 1,285,836 shares of steel common.
thecusalvas
On
Steel Foundries Trams, Low Level sa. Trams, Peak, old a. Trams, Peak, newn. Laundries U. Waterboats b Watsons Wm. Powells Morning Posts
$29
CORRECTED TO ROON FRIDAY
FEBRUARY 23, 1917,"
BENJAMIN & POTTS. Share and General Brokers,
Princes Building.
Tel. address: Broker.
EXCHANGE.
T/T
Demand
BELLING,
Melbourne......
2/43/4
2/4 5/16
Nom.
9946
1084
Nom.
2/4 13/16 2/4 15/16 2/5 1/16 2/5 1/16
56%
Nom.
* 65
►
HIGHS CARE
•
4.pt part and p matu go zat,
FLOW JUST avery hill koor:
9.30 4.3
Byty quarter of në kont BUNDAYS
3.00 4 te za-ga alat. Ergxt 18 minutes
11.00 MIL
100 Васи
De Near RO 1:00 PM <
ים
617
H
u
་
1 .. CARE at an Week Days.
SATURDAYS
Extra Caru midnight SPECIAL CARI."
Er Amringemast at the Company's (£ta, Alannadra Bilngs, Du Taux kond
"Son and patch tickets available for all
Eet already full, running at the time wated in the Company's time takim, but not for special cars. Can be comined on application at the Cowpezy's Off No Season ticket will be issued until pa; ment thurs- for has been made in Bank Kotus or by Chor Compradore order pressing Bank Botes."
JOHN D. HUMPEREYE & CO.
PROVIDENT
THE CHINA
LOAN AND MORTGAGE
CO., LTD.
Loans on Mortgage of Homan Property &c. Goods received on Storage,
The Office ocation
TRUSTEE EXECUTOR OF WILLS, ATTORNEY, &c, Undertakes and IxecULAĞ
SHEWAN, TOMES & Co. General Managers,
MITSUBISHI COSHI KWAISHA. MITSUBISHI 00.) COAL DEPARTMENT.
BULE PROPRIETORS OF TAKASIMA, OCHI, MUTABE, KISH- IDAKE, YOSHINOTANI, HOJO, KANA. ZUTA, SATO, · KANADA, SHINNEW. KAMIYAMADA, BIBAI and DYUNAR Collieries.
Agents for SAKITO COAL,
HEAD OFFICE :--- MARUNOUCHI, TOKYO,
BRANCH OFFICES 1-NAGASAKI MOJI, KARAIBU, WAKAMATSU, OTARU, MURORĂN, HAKODATE, KOBE, OSAKA, KURE, TOKYO, YOKO KAWA, NAGOYA, TSURUGA, VLADI. VOSTOCK,
HANKOW PEKING, LONDON, NEW YORK SHANGHAL BONGKONG, HAIPHONG and
CANTON.
- Cable Address:—"IWASAKI,” | Cod·s; Al, A.B.A. 5th Ed. West- ern Union, and Bentley's. AGENCIES:- CHINKIANG-Messrs. GEAR- ING & CO., MANILA—Messra, MACONDRAY & CO., BINGA- PRE-Messra, BORNEO COM LTD. GLASGOW-Messrs. A.E. Ł ROWN. MCFARLANE & CO., LTD.
For Particulars, apply to➡ K. KATO, Manager, Jongkong, No. 2, Pedder Street,
MARTIN'S
APIOL BOTTL
prom.
8.50 Nom.
any Seremtlerity of the Jyalam a
DIBOOUNT, PER.. $100:
MARTIN'S
BANKS
HONGKONG & SHANGRAI BANKING CORPORA,
TION.
•
Paid-up Capital .........$15,000,000 RESERVE FUNDS:
Sterling
£1,500,000 at 2/-
-$15,000,000
Silver ...$18,500,000
Reserve Liability of
Proprietors.....
$39 530,000
..$15,000,000 COURT OF DIRECTORS.
S. X: Dodwell, Boq, -Chairman".
J. A. Hummer. Eac, Deputy Chairman Hot, Mr. C. L. Anton. G. T. M. Baking, Boq + C. Gubbay, Bag, Lion. Mr. P.1. Hoym EV. D. Pan, Esq. Pattenden, 4- Chamas on. Mr. B. beli
CHIP MAKABRE
Hoar kung-N. J. Sun, Ing
MASAGER Shangbai-, G. Stephen, Zog London Banka-London County and
M'antigues, Limited,
Hongkong Interest Alloweds
On Oreal Accounts at the rate of 1 per cent.
unnum on the daily balanos.
For
ON FIXED DEPOSITS,
monks, ?j per cent, par to, For é monis, par cent. per annum. For in moors, & par cost. par move
N. J. STABB.
Chief Manager.
HONGKONG SAVINGS BANK
THE BRID of the shews Bank le canzónotað by she HONGLONG AND SHANGHAI BANKIND CORPORATION, Rules may be obtained on application INTEREST on deposits is allowed on the min Lum mouthly baladors at $17 per tant, por m
Depositare may transfer, athair option, balance of Sad more to the Hongkong and Shanghat Bank to be placed on FLEED DEPOSIT • ↑
For the Hongkong and Shanghai Banting Corpor Boo
N. J. STABB,
Chief. Manager.
THE CHARTERED BANK CF INDIA, AUSTRALIA AND CHINA
incorporated by Royal Charise #633
HEAD OFFICE-LONDON, Paid-up Capital LL Desery of Fropriators000,00 £1,800,00
Reserve
FOREIGN EXCHANGE and General Bankies
business traDERCLEŃ, CURRENT ACCOUNTS opes and YIKE DELO ITA received for 1 year or shorter perioda, es rates which will be quoted on application
T. C. DOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANK (F INDIA, LIMITED.
Head Office 15, Gracechurch Street, London. Authorised Capital......£1,500,000 Subscribed
Paid Up Reserve Fund
*
HANKERS:
·1,125,000 582,300 $50,00
The Bash of England.
• The London jalat Stock Bank, Limited
BRANCHES
Bombay
Calcutta
Colorsbo
Dethi
Calle
Hongkong
Howrah
Kundy
Port Louis (Mauritius)
Karachi
Knal Lengt
Kota Bbar
Madras
Penang
Rangoo
Ihangha
Lingapoa
PONGKONG BRANEN.
Every description of Banking and Exchange business transacted
Interest allowed on Current AccomDIE ALE ACE per annum on Daily Balances, and on Fixed Dependi at rates which may be ascertained on application.
C. CHAMPKIN,
Acting Manager.
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
55, Wall St, New York, LONDON OFFICE. 56, Bishopsgain, EG. CAPITAL PAID UP......$3,250.000 RESERVE FUNDS.........$3,931,000 US. GOLD .........$7,181,000
BRANCHES —
BOMBAY CALCUTTA
CANTON CEBU. COLON HANKOW
HONGKONG FEKINO, KOBY
SAN FRANCISCO LONDON SHANGHAI
SINGAPORE
MANILA
MEDELLIN TIENTSIN PANAMA
YOKOHAMA
Through in close affiliation with The National City Bank of New York, the Hankis alle : offer das Services of the Branches of that institution in Cab and South America, Namely
BAHIA BUENOS AIRES, MONTEVIDEO, KIO
HAVANA, DE JANEIRO BANTIAGO DE CUBA, SANTOS, PAUL, VALPARAISO,
Sad
All kinds of FOREIGN & LOCAL BANKING BUSINERS acted,
CURRENT ACCOUNTS opesad and FIXED DEPOSITS received at rules to be ascuḥalped on application.
GLORGE HOCS,
Macar
Hongkong, 26th September, 1916
THE
YOKOHAMA SPECIE BANK,
LIMITED
Established 1880,
Authorised Capital Yen 48,000,000 - Paid-up Capital ... Reserve Fund ..................
30,000,000
- - 20,500,000
Head Office.--YOKOHAMA,
Les Azgules
THE ALEXANDRA CAFE, inset Allow Sead on Cura 59% dia. Cannot be Beaten. if Equalled for Hongkong 20 ota, pisons 34% prem. for Bread, Cakes, Contectionery
Hongkong 10
Xprom." and meals with Winesid Liquors,
Agredie Dagsonic
New Yack
Falding
ELHI ONO”*
Hongkon