"
COMMERCIAL
War's Effect on Galvanized
from 'Trade. 1
| many, but only dependent on her forraw material») soema to suggaw tans the very best after the way recipe for its recovery would be doing something special for it before the war has ended. It is better to be in time than too late
Slam's Fiances.
THE HONGKONG TELEC APH, WEDNESDAY, MAY 18, 1917.
NEWS..
Japan's Big Trade With China.
SD
་ ་ སོ་
whole,
HONGKONG SHARE REPORT
S-SELLERS; BA-BALES;
·B-BUYERS, N-NOMINAL.
OFFICIAL PRICES.
BANKS.
H. K. & S. Banks n."
MARINE INSURANCES. Cantons North Chinas Unions Yangtszes
SHIPPING.
BANKS.
BANK OF CANTON,
LIMITED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Fransacted."
INTEREST ON FIXED DEPOSITS:
For 3 Months 3% per annum.
$710
+
**
D..
$850
t, 180 $870.
n. er 7$ $317
FIRE INSURANCES. China Fires
8146
$325
› For 6 Months 4% per annum.
$82
b.
$17
$109
1.
32.
$40 109- $82
For 15 Months 41% per animTİ LOOK POON SHAN;
Chief Manager.
REFINERIES,
b.
n.
#110 301
MINING
Langkats Raubs
b. I, d. b.
30/6
=>
t. 17
$ 2,85
27/6
so-
Sugars
Malabons
Kallans
Tronohs
Urais
* Tokyo, May 4. — The trade ory results w with China continues prosperous, it is said that during the The letter of Mr. E. Peter Jones,
During the latter half of April past few weeks'exceptionally high of the Mersey Ironworks, Ellee-
the exports to China totalled prices have been offered by certain mere Port, which was quoted in
Y. 7,598,000 and the imports, exporters for the lower grades of the Journal of Commerce recently
from China Y.2.123,000. Since hemp which finds demand in and which dealt with the peculiar
January 1 exports to China total, the United Kingdom. It is attitude which the Government
.82,889,000 and imports from stated that there are not more had adopted towards his particuler
than 125,000 bales of the so-called Chins. Y.26 593,000. A Statistical year-book for the work, raises an entirely fresh
German Balances in U.S.
"U.E. grades" in the market at According to New York reckon present, and that continental question, one, bowever, quite kingdom of Siam has been pab- worth a little public examination, lished for the first time by the ing, the total of cash balances in traders are interested in making for the galvanized iron trade, of Ministry of Finance; and should American banka belonging to the price for the strippers attric all the industries of the Empire, be a valuable work of reference. German banka and individuals tive enough to prevent a short- was the one most singularly It contains a large number of done not probably exceed age in the grades mentioned. In affected by the war. When that tables rosling with the statistics 85,060,000. This, however, connection with the fibre osm-H. K. Fires b. event occurred, and Germany's of population, sommarce, and does not take into account the pigu.which has been carried on export trade was cut off, it was public finance. The Revenue balances of German-Americans by the Bureau of Argicaltars is Douglases the almost universal idea that she figures show a very satisfactory throughout the country, princi- Albay, word has been received Steamboats had "seriously competed with and increasing surplus, amount pally in the Middle West," for here of a series of interesting ex-Indos (Del.) "dumped" against, in factalling in 1913-1914 (the Istest which there is no proper means periments recently held in that Indos (Pref.) the hundred and one branches figures) to 11 million ticala, in a of arriving at estimate, province under the direction of Shells of the British iren trade while total revenue of 74 million. The Then there are the securities, Mr. Gutierres of the firm of Ferries abe had never exported any loses raised, £8,700,000 in all, mostly American, on deposit Gutierres Hermanos. Typical fibre galvanized iron against us at all. have all been applied to the con- in the United States belong, stalke were used in the experi- On the other hand the spelter struction of railways, so that ing to German banks and indi- m ni,which were conducted with (another word for crade zire) when the development of thevidasle. The amount of these the variona jypes of stripping which we used to cost the many Malay Peninsula is more advano securities runs into larger figures, Enives used in the field there, thousands of tons of black iron, ed, the Government financer and may resoh G. $50,000,000, and the results of these experi or steel sheets, which we sent should be even better. Savinge As yet there has been no concert ments proved conclusively that, abroad was almost solely obtained Banks instituted two years previed movement on the part of the with proper attention to methode from Germany and Belgium, the only on the model of those Germans in Germany to withdraw of stripping, the percentage of latter country, by reason of the in European countries had already their fands in the United States high grade fibre cleaned would ecemy ever-ragning it coming made a fair start with deposits in anticipe tion of war with that make it highly profitable for the naturally into the same category smounting to £28,000. The ex-country. The extent of German strippere to abandon their at Be wae Germany itself. I will port trade for 1914-15 is valued Government borrowing in the temple to secure greater quantities then bs remembered that disclos at £7,500,000, with an import United States is confined to the of fibre but of a lower grade, by ures made after war was begun trade of £6,000,000. The tonnage G. $10,000,000 of one-year six the use of other methods. showed that Germany had the statistica showed before the war per cent treasury sotes, which United States Rubber Co. control of the Australian supply the largest number of ships mature on April I.
Enjoys its Best Year. of epelter-the greatest of any cleared in Siamese parts to be
The annual report of the United country in the world as regards German, but the last figures
The Japanese fficial specie re- States Babber Company for the unrefined ore-and had been able secure the highest place to tarne, issued by the Department year ended December 31st. 1916, to diotate to this country its Norwegien ships with Great of Finance on April 20, show & shows net sales of $126,750,000, current price. However, so far as Britain as a second. The most striking increase in the Govern- se against #92,861,000 the pre- regards the fature, this unsatis interesting of the few descriptivement holdings. The total amount vious year, an increase of $33,- factory state of things was pages relate to the Government of gold held by Japan on April 898,000 or about 36 per cent. The brilliantly pat an end to by Mr. methods adopted to keep up the 18 was Y.774 000,000 an increase net profits of the business for the Hughes, the Australian Premier, exchange value of the tical, the who promptly took the question standard silver coin. A gold in hand. The next point ie, etandard reserve fund is establish with apelter from Germany and ed in London to be drawn upon Belgiam no longer available, what when required, and local currency were the British maskers of galvan is only issued by the Treasury in ized sheets to do? As most of return for credit in eterling in as know, there is spelter in South London. Tables are given is the Wales and some in Cornwall, but report to show the increased this would not suffice, and thers stability of the tical sizes these fore the galvanizers had to go to measures were introduced. the United States, (which had many uses for it herself) for their eupplies. Naturally an action of this kind sent the valus up with tremendous bound. In order
Wor
Huge Jate Profits.
concerns,
**
the
Specie in Japan.
previous returns.
DOCKS. WHARVES, GODOWNS, &C. H. K. Wharves s Kowloon Docks b. Shai Docks b.
£80 $122) t: 90
Kioon Lands
LANDS, HOTELS AND BUILDINGS. Centrals H. K. Hotels Land Invest. Hphreys Est. b. Shal Lands
b.
$99 $100 $974
$6,25
0.
$38. t, 80 8.77
West Points
COTTON MILLS,
b.
151 Kung Yiks b. & sa, t. 14'
t. 122- Yangtszepoos b. t. 5.70 MISCELLANEOUS.
Borneos
China Light & P. a. Providents
Dairy Farms Green Islands H. K. Ice Co., H. K. Electrics
Ropes Steel Foundries 1
BANQUE INDUSTRIELLE
DE CHINE,
Capital (Paid up)...Francs 45,000,000
President
André Berthelot General Manager A. J. Pernotie.
HEAD OFFICE:
74 Rue Saint Lazare. PARIS.. BRANCHES in PEKING, SHANGHAI, TIENTSIN and HONGKONG,
BANKERS.
Io FRANCE: Société Générale pour favoriser le Développement du Com- mercs et de l'Industris en France. In LONDON: London County & West-
minster Bank, Ltd.
In ITALY: Banca Commerciale Italiana.
Telegraphic Address: CHIBANKIND.
Interest allowed on Current Accounta and Fixed Deposita. Termos en application. Every description of Backing and exchange business transacted.
M. ROUET DE JOURKEL,
Manager.
HONGKONG BRANCH:
Tel. No. 2332
5, Queen's Bofding.
Hongkong, 14th May, 1917.-
NOTICES.
NOTICE.
PEAK TRAMWAY ÇO.
BANKS
HONGKONG & SHANGRA
BANKING CORPORA
Faid-up Capital 22. $15,000, RESERVE FUNDS :
Sterling
́£1,500,000 at 3/-
➡ $15,000,000
Silver 18,500,000
$33 570,000
Reserve Liability of
Proprietor $15,000,000
COURT OF DIRECTORS.
5. E. Dodwell, Yoga-Chalmer, L.A. Fan, Noč, Peyury. Chadrasan. How. Mr. C. Aston, &, kr 1 C. 7. Umblay, Xag.. Bos, Mgr.8- 2. Y. D. Fargo" Wola Zamanian, Big, Chairman. Hon. Str. 3, thellua,
· GREYSMAKALIKA Longmong ––A. J. Stabk, Dog.
Khanghaiona, G. Staplech, Esq. London Bankw-London. Cesary aud
Hooghar-Jarest Allowed (
On Current Accounts at the rate of 2 par ceas
areas on the daily balanc
ON FIELD DEPOSITE.
For 1 months, så par coat, par Anku, For 6 monika 25 per cent per .. -For in monthi, 1 per cent, peĘ KARUM. N. LETABB,
Chief Managem
HONGKONG SAVINGS BANK
THE Business of the above Bank le conducted by the HONGKONG AND SHANGHAI BEKKING CORPORATION. Rules may be obtained co application INTEREST on deposita is allowed on the min bana monthly balances at $3à per cent per muaEK,
Depositors may transfer, at ibuix opticas balanced of $100 of wore to the Hongkong and Banghar Bant to be placed on FIXED DENSIT A cant per aBRU.
For the Hougtong and Shanghai Banking Compom
N. J. STABB,
Chief Manager,"
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter g
READ OFFTORSLUNDON, - Paid-up Capite stone comm...£1,809,800 Bmart Fund
Repere Lability of Proprietarsaan Elekt0,000 FORZIGN KICHANGI and Gusset Bradbur
business transacted. CURRENT ACCOUNTS spoed and: PİXER DEPOSITS received for 1 year ce smerter periods, as mates which will be quoted os application. T. C. DOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANKT INDIA, LIMITED.
Head Office 15, Gracechurch Street, London,
Authorized Capital .............. £1,300,0 Subscribed
Paid Up Reserve Fund
$8 $4,75
$8
BB
$24
b.
$7,90
88.
$50
$151
D
$2814
$10
$6,60
$9.80
Bombay
€3,40
400 AJL 30
8.00 4.
EVERY 18 M407,
Calcutta
8.00 1.2L 60
-100.00
10 Ma
Colombo
Dalhi
$16
11.00 AM.
Galle
12.107.26
14 Max.
b.
$8.50
1.18 PM
Hongkong
How
$6.50 $29
1.15, to
LAS PAL
10 M2.
Kandy
6.00 7.M.
16 MON
6.007.M
30 Max.
b.
CORRECTED TO NOON WEDNESDAY
MAY 16, 1917, BENJAMIN & POTTS, Share and General Brokers.
Princes Bullding.
Tel, address: Broker.
EXCHANGE.
SELLING.
Ewas of Y. 38,000,000 over a week ago. year 1916, before dedacting Cottons B Of the total 7.500,000,000 is to interest charges, amounted to the account of the Government, an $14,743,000; after deducting in- increase of Y. 34,000,000 over the terest charges the profits were previous return. According to a 11,228,000. These profits cover certain fasacier the Government the dividends upon the preferred has taken over the best part of the stock. After allowing for interest holdings in the vaults of the charges and dividends there WAS Yokohama Specie Baak, since the sanrplus of $5,448,112. The receipts from tazes during the total surplus on December 31 last days of last month amounted last was $28,479,154. In his to T. 100,000,000. This has report to stockholders the Pre meant a large increase in the siden, Mr. Samuel P. Colt, Trams, Low Level b.
„part: While the Trams, Peak, old n. Some extraordinary figures are holdings. The Bank of Japan's sage in exhibited by the little group of 000 a gain of Y. 4,000,000 over, 1918 were the largest in its
holdings amounted ta X:465,000,- profite of the company for Trams, Peak, new n
Laundries to obtain the advantage of some jate manufacturing
Oely history, the percentage of profits U. Waterboats n. reliable figures the writer asked owned in Dandee, but whose mille
Watsons Y. 233,000,000 however, is kapt to sales was less than in the The Messrs. B. W. Griffin and Co., of are situated in India.
at bome, and the rest, Y. 541, previous year, owing chiefly to
Wm. Powella of these concerns African House, Liverpool, a firm fortunes
C00,000 is either deposited with the advance in materials and Morning Posts n. Aluciuste rather which has had many years' ex- Decessarily perience in that trade, what were widely, depending parily on the banks cr invested overseas. The labour during the year. With demand for sacking and bage, largest part of the week's increase the view of meating these condi- the before and after war quota-
is in the holdings overseas. tbe fortunes
tions an advance in prices of tions of the commodities ander and partly on
* Manila Hemp.
manufactured goods, varying Zarie. Here is their reply, "In of the Indis jute crop and the
An increase of nearly 8,000 from 10 to 20 per cent, was management in 1901 we could sell spelter as £16 skill of the per ton, but the market was a purchasing the raw material. In bakes in Manila hemp production made early this year. The in- quietly rising one, and in Jaly, sormal years the milis are usually during the month of April, as crease in net sales of the company 1914 the figure was about £21 idle for some portion of the time, compared with Match of this year, for the first two months of the but the war demand for sand bags is recorded in the regular month present year Over the car- 108. In August, when was declared, there was, of course, and similar material has kept ly fibre report of the Philippine respondent months of last year Do market. The highest price in them running fall time during Bureau of Agriculture. The exceeds 20 per cent. The de- 1915 was $115 per ton, and in the past year, and prices have March figures for number of valopment of our rubber planta 1916 £110, the supplies being gone up enormously. The 1915 bales of hemp inspected, graded tions in Sumatra bas steadily T/T ............................. 2/454
and certified to by Bureau officials contioned during the past year. very pcor very limited. It is now lower, hui jute crop
concerns bad were 107,665, while those for the The amount of crude rubber 30 da. yet only a comparatively small one, but the
of the sur-month just ended are 115,392. received therefrom in 1918 was quantity, as compared with norm the advantage al times, is being taken by the plus from the previous year. The The percentage of higher grades substantial, and was largely in galvanisera. A good deal in 1918 crop seems to have been an of abre produced during March excess of previously estimated not quite was, however, considerably in prodnation. The future incresse required by the Government. An average one, bat regarde galvanized iron, the price sufficient to meet the abnormal excose of that for April, this in production will be spid, as of the sheets of which 240, rough- demand. In consequence prices being due, it is said, to the large, the great number of young trees Ty oft, by 2ft, in sise, go to the for the manufactured goods have production of DL and DM grades are, more and more coming 119 T/T Ban Francis-}
in Albay province. bearing. Our most sanguidë ton, was, in July, 1914, about £11. jumped up still further. The two noted In July, 1916, they were $1910s, biggest concerns the Titaghur Albough it in as that the expectations from these existes TT Java 1374 and in July 1916, 427 59, bat Jate Factory and the Samnuggur campaign waged by the Bureau are being realised, and it is be T/T Marks.......... Nom
3.24 they are dearer to-day. These are Jate Factory as usual, give very of Agriculture in that province to lieved that they will prove to be T/T Francs
Demand, Paris...... 3.2444 elequent figures. The trade in similar results. The former's rates the grade of fibre stripped one of the most valuable assets
BUYING. galvanized iron war, and ie, gross profits increased from has been attended with satisfac of the company. Actualis, Indis, and South £361,700 to £524,000, and the latter's from £332,400 to £507,- America always taking great quantities from us. In 1901 e 300. In each case the dividend seat abroad 250,287. tons, which on the ordinary shares in raised was then considered a very from 30 to 40 per cent. The allcos large business, bat in 1914 i tions to reserve and depreciation had grown to 566,601 tons. are omitted this time, though, on Then came the raaction, 1915 only balances are carried forward. An the other band, much larger yielding 286,440 toor, figure which farther fall, in 1918, interesting point is the enormous to 117 210 tons. As the countries sums which these two concerne named, for they have constant have had to pay in respect of need of it, cannot do witboat gal. excess profite tax. For the two vanized iron, what are they to do? years of the war the Titaghar To get it from England just now Jute Factory is paying 2312,000,
A
in difficolt, for, naturally, licence in addition to increased Indian feem the Board of Trade is re- and British income-tax, while quired before any shipments can the Samnaggur'e contribution be made, while to get it from amounted to $325,400 Between Belgium is impossible, the result them these two coccers, the e- being that those to whom it is a fore, have parted with 4837,400, necessity are now obliged to turn without counting income-tar, N to the United States. There are remarkable tribute to the Rective- varlons sohames afoot for the mess of this inspost. The Victoria Jute Company, a smaller concern, furtherance of trade after the war, which will doabslem eventuate in also did very well, incressing its their own way, but the unique gross profiln from 2208,900 to position of our commerce in £298,000, and in, this caas also - galvanised iron (which was never 40 per cent. is paid, as against
any time threatened by Ger- 30 per cent, last year,--
WHEN YOU REVIEW THE SITUATION
Demand
60 4/8.
2/4 11/16 21414 2/436 4m/B................... 2/4 15/16
T/T Shanghai......... Nom
Singapore 101%
T/T Japan
1104 T/T India. Nem.
Nom Demand, India ......
564 co & New York!
4 m/s. L/O....prz 2/5 7/16 4 m/s. D/P...... 2/5 9/16 8 m/s. L/C 2/5 11/16 30 ds. Sydney, &
2/5 11/16 Melbourne..!
30 d/s Ban Franc
isco New York
4 m/s. Marks
58
Nom.
4 mis. Francs .... 8.36 SAL 6 m/s. Franes w Demand, Germany. - Demand, New York. £67% TIT Bombay Demand, Bombay... Nom.
on the market for beer, of course you will settle on PRIMO because it has been tried, proved and endorsed by all
T/T Calcutta siseme t lovers of wholesome Demand, Calcutta... Nom beer.. An ideal Demand, Manila... 11314 Demand, Singapore. 101% beverage for summer On Haiphong ·3% prem months.
On Saigon.......... 24% pram. On Bangkok 6474 Sovereign:
8:30. Hom Gold Leaf, per oz-43.20 Bar Silver, pero 88.0
--Stacked by <all»^Wine"` and
Spirit Merchants and “
Hotels In the Colony
H. RUTTONJEE
1:
& SON,
16, Queen's Road Central,
river, po
SUBSIDIARY COINS.
DISCOUNT FER $100;
*
LIMITED:
TIME TABLE.
ARGENT CARS.
80 FM and ↑ 736 230 to 11.00 PM. every half hour.
11.00 32301 11,43 PAL eracy quarter of an hour. SUNDAYS:
$.00 AM,
11:30AM to
Boonto 1.00 73 to
5.00
10.30 AM 3:00 AM 1200 Moon
1.00 ... K30 13
6.00 P
5.30 TL
1.003.30
EVYET 15 MIN.
20 Max
10 MD
15 MIL
H
NIGHT CABB sa on Week Day SATURDAYS:
Entrs Car at Midnight SPECIAL CARS
By ArTwgwment at the Company's Office, Alexandra Bulikkigu,
Des Voeux Bosd
-Samson and punch tickets available for all ears not Bready tall, running at the time vinced in the Company's time tablos, but not for special os, can be obtained on application the Congarry's Omte :--No Season ticket. Will be, Sam and payment therefor. has been made in Bank Notes or by Cheque or Compradors order representing Bank Noble. ***
FORS D.-HIKPHEETS & CO. V
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up...$1,250,000.)
Loans on Mariekes of Houss Property, de
Goode received on Storage. Advances trade on Marchandise. Losze zrade on the Provident lystezi
– TEDIYER, KECUTOR OF WISLA ATFORMET, BE. Undertaken and Execified, Cabos and Particulars on application)
SHEWAN, TOMES & CO.
General ManAKOTE-
MARTIN'S
APOL FLIZ
HARTIES
Chinese...20 cta. pieces 6 7/16%dia. For a good solid meal a la Chinese...10 ^ 6 7/16%dia, Carte or Table d'Hote with Hongkong 20 uta:pieces: par,nes & Liquors of the Best Hongkong 10
ALEXANDRA CAFE,
**
BANKERA
1.125,000
588.500 600,000
The Bark of glach The Loodon Talat Stock Bank, Limited.
BRANCHE ș---
Port Louis (turklas.)
Kamchi
Kota Bharu
Kuala Langas
Penang
Rangoon
2 banghal
Singapor
FONGKONG BRANCH.
Every description of Basking - and Kachange business transacted.
Interest allowed on Current Accounts at a par cunë per annum on Bally Balances, and on Find Depa at rates which may be ascertained on application
C. CHAMPEIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION.
BEAD OFFICE:
35 Wall. Et, New York,
LONDON OFFICE:
36, Bishopsgate,
CAPITAL PAID UP ......$3.250.000: RESERYE FUNDS......... $4,250,000.
U.S. GOLD
*****$7,500,000
BRANCHES :-. BOMBAY ZOBZ SANZO DONIERO CALCUZTA LONDON SHANGHAS KAMANILA SINGAPORE
NEDELLIN TİFETSIN
CEBU.
CANTON
COLO
BANKOW HONGLONG
FANANA YOKOHAMA PEKING
螺
SAX FCIMO
Throughs in close listion with The Nethes City Bank of New York, the Bank is able to odd the Services of the Branches of that lostmzice' in Cabo South America, and elevbars, bamey
BABIA, BUENOS AIRES, GENOŽLEZAYAWA MONTEVIDEOT
RIO
DENANZ20 SANTIAGO
CUBA. FANTORE • SAD FAULɔ, FETBOGRAD VALPARAISO,
All'klods of FORZIGN 2 LOCAL BANKING. BUSINESS tractad.
CURRENT ACCOURTS, spewed and FIXED DEPOSITS received at rates to be anciendaji on application.
GEORGE HOGG,
Жал
Hongkong, 26th September, 1916,
THE
YOKOHAMA SPECIE BANK,
LIMITED. Established 1880.
Authorised Capital Yen 48,000,000- Paid-up Capital:
Reserve Fund amate
30,000,000 21,300,000
Head OfoeYOKOHAM
Hong
་