flot
be
COMMERCIAL
ara
to
THE HONGKONG TELEGRAPH, WEDNESDAY, JULY 11, 1917.
NEWS.
Japan,' Spain and America.·* Toronto, June 1.-The, move-
parity.
War Risks and Packing. The directors of the Manchester Chamber of Commerce are still
British Iron And Steel Industry. Sir William Beardmore pre- the annual
'3
The
HONGKONG SHARE REPORT.
"S-SELLERS; SA-SALES; B.-BUYERS; N-NOMINAL.
OFFICIAL PRICES.
BANKS.
$675
$340 t. 140
S.
BANKS.
BANK OF CANTON, LIMITED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Fransacted.
INTEREST ON FIXED DEPOSITS:
BANKS
HONGKONG & SHANGHAI
BANKING CORPORA
TION,
Paid-up Capital .................$15,00€,003 RESERVE FUNDS:
Sterling
£1,500,000 at 2/-
-$15,000,000 Silver...$18,500,000,
$33 500,086
Reserve Liability of Proprietors...*******
$15,000,000 COURT OF DIRECTORS.
Hon. Mr. S. : Docu-Alwar,
A. Fitner, Ex Dearty Chabria 18. Hon Mr. Arsen, G. T. N. Zdzia Boq Si Gubbar, Hoo, M. F. SAL E. V. P. Part, Eng. W. Fattendra,
A. II. Comp. F
N KAKAOKA Hong-N. J. stadb, Hyg.
STAMAGNI
Shanghai. Stephen, Esq. bradus Haakera Lendva aunty sad
Testoizser, Limite &
Hongkong-Iserest
owed
On Current Accounts at the rate of par cap
n.
$143 $395
For 3 Months 3% per annum.
SHIPPING.
Douglases Steamboats Indos (Def.)... Indos (Préf.) Shells Ferries
For 6 Months 4% per annum.
д.
b.
$85 $18 $1011 $40 1201-
For 12 Months 4% per annum LOOK POON SHAN;
Chief Manager,
aat
REFINERIES.
Sugars
n.
Malabons
- b. MINING
..$96 $99
b.
3416
Kailans
Langkats Raubs Tronohs
Urals
$29
BANQUE INDUSTRIELLE
DE CHINE.
b. & sa. t. 15
$2.45 Capital (Paid up)...Franca 45,000,000
Presid at 15/6
Andre Berthelot General Manager A.J. Pernotte.
Π.
1.
A.
$21-
DOCKS, WHARVES, GODOWNS, &C. H. K. Vharves sa Cl Kowloon Docks. n.
|Shai Docks b.
K
Changed Trade Methods in Japan. federations not associate members It is observable that of late s of any of the above organisa- change has been occarting in the tions. Firms who are members afment of gold to Janen sad Chinn, aided recently st way of directing foreign trade in the associations enumerated above of which there has been some talk meeting of the Iron and Steel Los- the country from special to gen-should apply for the information in your newspapers of late, does titute at the Institution of Civil eral lines eays the Japan Chronicle. through one of these channels. not seem to na mysterions. The Engineers, Great George Street, It is carions to note that one of The Foreign Trade Dapartment Japanese movement seems to be Westminster. Tue Bessamer gold presented to Mr. the factors responsible for the reserve the right to refuse the natural outcome of the trade medal waa change has been trade restrictions information, in consultation with exchanges between your country Andrew Lamberton of Glasgow, H. K. & S. Banks s.
MARINE INSURANCES. imposed by the Entente Powere, the Board of Trade, to any firm and Japan. Nor can we are that The report showed that 49 new it to true that since the war not British in character or dealing there is any political significance members had been elected during Cantons started, Japan's foreign trade as largely in articles competing with to be attached to the transfers the year, and the total memberNorth Chinas
Unions
s. & sa. $847} whcle has enjoyed increasing British manufactures. The con- from San Francisco. It is re-ship on December 31, 1916, was
here that Japan's 1,872. All names of members of Yangtszegs »
b. ex 79 $190 prosperity, hot from the stand sular officers have been instructed cogniseil
FIRE INSURANCES. point of individual traders, their to send duplicates of their reports Economic strength bas vastly enemy nationality had been
the
roll. of the
China Fires b. psat strack trade, bas been always to the Board of Trade and the increased during
not
it
atated. H. K. Fires W88 years, and it appears council, prosperous. Take the case of information will, therefore, aleo three meghinery and raw silk. While be available at the office of the "that her ability to command gold bad in mind the possibility of of Commercial is more likely to increase than etablishing a clower relationship the import trade in machinery Department has got worse and woree, the ex- Intelligence of the Board of Trade, decrease. Some of our bankers between the several institutions port of raw silk, which was 73, Basinghall Street, London, think the gold movement has a in the country, whose work was concerned with the greatly depressed a year or two
EC. 2.
connection, in a round-about way, chiefly , bas been enjoying steadily War Loan and Credit Expansion by Russia for Japan.
with the war unplies provided advancement of the technology of As for iron and steel. With this purpass increasing activity. There have been many similar cases, especall the interesting test which will mants do not result from any extended to the Cleveland Instito
Montreal, May 31-Io view of Spair, although the gold ship-in view invitations had been ex- since the Powers adopted the soon be applied to your banking cess of importe from Spain to the tion of Engineers, the Sheffield policy of imposing restrictions on
of Engineers and trade in connection with the war. system, in connection with the United Stater, that is the case Siolety
impending war Ican, it may be with France and England. In Hetallurgists, the Staffordshire The result is that tradere specia- worth while to explain jast what 1913. England imparted $32 Iron and Steel Institute, and the liring only in one or two ines of merchandise find themselves happened to our own banks while 500,000 more goods from Spain West of Scotland Iron and Steel the Canadian war expenditure than she exported to her. Institute. The report farther in rather a precarious position. while merchants dealing in all was being financed. The transact 1916. the import excess was stated that the Council of the lines of goods-Fuch as the fiteui on certainly did resalt in a very $88 000,000 and exchange on Institute was prepared to maks considerable expansion of the Madrid at London has been ruling from the research fund. founded Bussan Kaleba and Meesra.
Dominion carreres, and that more than 14 per cent. below by Mr. Andrew Carnegie, part Suzuki & Co.-are in a far more
president, a limited number of stable position apart from their expansion was undoubtedly a
grants in aid of research work on iberent good standing. This direct result of Government bor
toxinga for the war. Owing to has recently me
probleme of practical importance the differences in the banking
relating to the metallurgy of iron more generally recognis-
and currency systems of the two ed, and there
of opinion that there is nothing and steel, and allied subjects. namis-
countries, it is perhaps not to be
to complain about in the raising Directore of private and public takable signs that merchants are taking steps to organise their expected that currency expansion of the war rieka insurance rate laboratorier, principals of metal-Land Invest.
in the United States following from 3 to 5 guiness per cent, lurgical training establishments, interests on more general lines
the entry into the war will than have hitherto been the case.
without any notice to the shippers and managera of iron and steel To begin with, it is reported that proceed along exectly the same concerned, who in many cases works who desired to promote
lices as in Canada; but neverthe-
The research work on some problems have been beavily bit. Mesars. Takats & Co., who bare lees, a brief revien of Canada's Board desire that it should be connected with the metallurgy of "so far specialized in the importa-experiences since July, 1912, generally known (an official com-iron and steel, or an allied subject, Ewas
tion of machinery, are making
give BOMB idea of arrangements to do business with may China, Indis, and other places in what to expect in the United munication sage) that their action would be invited to submit pro- on the matter was taken on the posals for a grant for the purpose" general merchandise. It is also tata. At the outset on July advice of the shipping sections of of each an investigation to be reported that Mesere. Hara & Co, in the Domician. bank notes 31, 1914-bere were outstanding.
the Chamber, who are united in carried out by some qualified well-known silk exporters in
amounting to $94815,000 and thinking that shippers who, in a person nominated by themselves, Borneos Yokohama, are engaged in a pro-Dominion Government notes of war like the present, have not and working under their super- China Light & P.n. ject for extending their opera tiona on a large e ale. As already $112,793,000--the to al being provided in their quotations and vision. Mr. Cosmo Johna (Shef Providents
paper entitled Dairy Farms in their war riek insurance field). read mentioned, Blessrs. Suzaki & $207,008,000. Of the. Govern-
charges for sudden unforeseen Properties of the Refractory Green Islands ment notee, $90,016,000, or Co., of Kobe, contemplate adding roundly, four fifths of the whole changes cannot fairly blame any Materials used in the Iron and H. K. Electrics
Steel Industry." His purpose, be raw silk business to their already issue, were held by the banks; these one but themselves if they are very long list of enterprises. being mostly large denominatious
"e asht." Against this it said, was to discces the properties Again, the Uchida Stoji Kajaba, geed for reserves and for clear.will be suficient to oile. the required in any refractory mater- a trading company founded not
Uchida, ig-bones settlements, Against Case of a Manchester merchantiale employed, to point out their long ago by Mr.
its issue of #112 793,000, the who, as stated in a letter which importance with a of the Uchida proprietor
went to India last October and those familiar with the needs of the Steamship Company, is steadily Government held $91,738,000 in we published on the 24th alt. atimulating research, and to invite starging its operations after the gold, the uncovered issue being backed orders of the value of, iron and steel industry to smpli'y
therefore $21,057,000. fashion of the vast interests of the Mitsui Buesan Kaisba. Thus Merch 31, 1917, the Government 150,000, which at 4 per cent, or correct the suggestions made. would bave vielded a profit of The methods employed to-day Japanese traders are altering their notes outstanding amonated to
$183,248,000, backed by $113,- £6 000, but finds that war risk represented the survival of the basiness policies from special to general lines as well as extending 110.000 gold. leaving $70,158,000 Rsurance on the new scale will fittest by the searching test of their operations. Of course, this uncovered. The izeresse bere st £7,875, instead of one-fifth commercial succee. Farther pro tendency is
of uncovered notes is $49,081,-of that amount, which he had grees could only be slow and comparatively new and small 000. At the 1917 date, the calculated apon, It has been sug- uncertain, and by coneenot it banke beld $137,401,000 of gested that he must have shipped was Dow admitted that only by firme. It is said that the Miteui Rasen Kaisha has reinforced its Dominion notes, and they had some of the goods at the old adequate and well-directed poi- # by hundreds of mon, mainly pledged to Central Gold Reserves insurance rate. He may have-entific research could such pro- 88 Cover for Excess issues of we do not know, but at any gress be accelerated. Sir Robert for work abroad, and has rẻ | organised the management of their own notee a further amount rate he could not be expected to Hadseid, opening the discussion each department in order to of $22,800,000 in Dominion foresee Isa) October that there said the question of refractories ntes, Thue altogether they would be an increase of 4 guineas was very important one and be allow freer operations. It is understood that the Mitsubish accounted for $160,291,000, or per cent. before the contracte were hoped that society would show firm, the keen competitor more than five-ixtbe of the total ampleted. We were supposed its interest by doing something Mini, is sito taking similar Government issues. Bat the bank-in October to be in no great definite to investigate the pro- steps. In these cirerances it note issues at the end of last danger from aubmarines, and an blems connected with it. is believed the resent time March had also risen to $148, unrestricted attack on the ship marke another tu ning-point in 265,000 an increase of $58,545,-png of all nations seemed to ba the bistory of upsa's foreign CO daring the war though impossible. However, we are to date take it that if the lawe of trade, which he enjoyed such they bad at the later prosperity as a alt of the war.
11
export
not confined to
#
Trade fufo mation.
...
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དྷྭ་
Kung Yiks
S'hai Cottons Yangtszepcos
HEAD OFFICE:
4 Rue Saint Lazare. PARIS BRANCHES in PEKING. SHANGHAL TIENTSIN and HONGKONG,
BANKERS.
In FRANCE: Société Générale pour favoriser le Développement du Core- mercat de l'Indrats en France. In LONDON: London County & West-
minster Bank, Ltd.
In ITALY: Bancs Commerciale Italiana.
{Telegraphic Address: CHIBAN KIND.
Interest allowed on Current Accounts and Fixed Deposits. Terms on application. Every description of Banking and exchange business transacted.
M. ROUET DE JOURNEL,
Manager.
HONG KONG BRANCH:
Tel. No. 2352
Hongkong, 14th May, 1917.
$114
t. 94
Centrals H. K. Hotels
LANDS, HOTELS AND BUILDINGS.
b.
ga.
K'ioon Lands Shai Lands
H'phreys Est.
B
$95 $971 $33 $6.25
$.
$33
D.
West Points
n.
t. 80 $721
COTTON MILLS.
n.
t. 155
b.
t. 14.50
b.
t. 124
1.
t. 5.70"
5. Queen's Building.
MISCELLANEOUS.
01.
$7
$4.50
1.
$7,90
n.
$28 $7,80
ደን.
18
H. K. Ice Co.,
a.
$151
Ropes
b.
$27
Steel Foundries
.
$10
Trams, Low Level n.
$6,49
to
Trams, Peak, old n. Trams, Peak, new n Laundries
$9.10
PE
LIMITED.
.cts. 90
"
b.
$5,40
TIME TABLE.
1.
$19
5.00 AM to
b.
$6
LOU AX DO
5.
$6,50
II.
16.00 to 11.30 AM.. to 12.45 7.3. to LIFE to LE PM. 10
5.00 I.ML
$.00 10
U. Waterboats Watsons Wm. Powells Morning Posts
*20
CORRECTED TO NOCH WEDNESDAY JULY 11, 1917, BENJAMIN & POTTS, Share and General Brokers,
Princes Building.
Tel address: Broker.
EXCHANGE.
SELLING.
TIT
Demand
30 die.
2/736 2/7 7/16 2/7 9/16
60 die.
2/7 11/16
4 m/s.
2/794
T/T Shanghai...
Nom
T/T Singapore ******
11:14
Placards have been posted in
T/T Japan
12 56
f/T India Demand, India ......
Nom.
Enemy Intrigues.
Nom. 6214 T/T Ban Francis-1 co & New Yorkf TT Java.... ..... 150
$35,200,000 deposited in Cen- civilisation are broken by an Jany by order of the Rumenisn tral Gold Reserves against there enemy and innocent Manchester Minister of War denouncing the Tarare, the deposits comprising merchants are "caught," that is intrigues of agente in the pay of $22.890,000 in Dominion notes nothing to those who have been Germany and Bulgaris for the and $12.310,000 in gold. The more fortunate, even when they purpose of creating discard beT/T Marks Nom
covered bank noter, therefore, se directors of an organisation tween Russia and Ramanis by TT Francs how an increase of only $18, that was founded to promote the embroiling the Russian troops in 250,000. Altogether the increase common good.
The Foreign Trade Department of the British Foreign Office now mekee an annou cement in re- ference to ite sche, pe for assisting
of uncovered Dominion Govern- has business, which already been mentioned in our ment and bank notes during The department is the war has thus amosated columns. collecting information
from to $67 331,000, or about 60 per British consular cfcere abroad in cent Most of this currency ex reference to firms in Deutral pansion occurred in the Govern Countries with whom British ment issues, and as the bank houses could trade, in place of took and held the newly issued firms of enemy origin or aso-Government notes, the transact cistion which have been placed on really represented a free lost un the statutory list The by banke to Government. Bot reports from the consular officers these increased holdings of will give the psmee of firme minion notes have also served desitons of trading with the Partly as the base for a huge ex- United Kingdom, with referencer, pansion of bank liabilities, repre Bankers, commercial reputation, Bented by very large losus to the British Government în connection general nature of business, methot of transport, pirneipal goods im with munition purchsees and for mediately quired, and whether ther short losne to the Dominion the firm trades on D count or Government. As for the fluenc
of the whole operation on financial on commission
The
♥jare, the result was intereɛling.. following bodies have greed to What happened was that this ** dierminals the information:-The Agociation of Oh mbers of Compansion of creoita led directly to more of the United K ogdom and sharp advance in commercial Ito secointe Chamber of Com. loss and dicante, and that, zeire, the LondD Chamber of throngh this rise in money rates, Commerce, the Feneration of the expantion reacted unfavon:
both financial and British Industries, and containably on approved trade, associations and industrial market.
baeis.
the internal affairs of Romanis.
WHEN YOU REVIEW THE SITUATION
on the market for beer, of course you will settle on PRIMO because. it has been tried, proved and endorsed by all lover's of wholesome An idea! beer. beverage for summer months.
Stocked by all Wine and Spirit Merchants god Hotels in, the Colony.
H. RUTTONJEE
& SON.
16, Queen's Road Central..
NOTICES.
NOTICE.
EAK TRAMWAY CO
1.08 A
13.04.
on the daile bataner,
ON FIXED DETOFUS For 3 months, if percuti per angam
For 6 months 34 per cent, per aga Per la month, s par zest, þE: «RAUM, N. J. STABB,
Chief Manager
HONGKONG SAVINGS BANK.
THE Business of the above Sack is conducted be the HONGKONG AND SHANGPAL BANKIN CORPORATION.
Rules may obicited to application? INTEREST en depois is allowed on the mis Imus moolbly balances at Si per cent, per a Depositors may transfer, at their option,
of $50 or more to the Hongkong and S Bank to be placed on FIRED DEFOUT at a cent per annum.
For the Hongarng and Shangbai Banking Compan tion.
N. J. STABB,
Chief Managet,
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated Up-Royal Charter
HEAD OFFICE:-LONDON, PAID-UP CAPITAL RESERVE FIND
KEBERNT LIABILITY OF
PROPRIETORS
CURRENT en acted.
„GĽadybos.
FOREIGN EXCHANGE and Gemical· Bacchina.
speed and FIX DEPOSITE Tceived for 1 year ce sporter perioda. mares which will be quoted an application,
T. C. DOWNING,
+
Manage
Hongkong, 11th April, 1912.
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office 15, Gracechurch
Street, London,
Authorised Capital.
Subscribed
Paid Up
Reserve Fund,
M
11
£1,500,pre
...... 1.125,000
BANKERA
The Bark : Engined.
562,50
*600 000
The London leiet Stock Eank, Limh sei BRANCHES 1–
Komhay Centú
Colombe
Delhi
Hongkong
10 MIN..
38 28.
fillo
16 M.
14 MIN
14.
XOR ASL EVERY 15 MIN. 10.00 LK
· 12. Me 1.3
1.15
LAS P..
10 MIN
NIGHT CARS.
3 MA
10 1x
183 P.M. 120; 9 rɔ. 530 to -
11.00 .34, very sil hour
11.06
11:45 113. scary parter of an hour. SUNDAYS:
$30 AM 10 FIRMAM to TUBE AS La 10 Koon to 1.0.x to
10. LO
10.30 AM. EVERY 24-MA 12.00 .X. 1200 M003 200° 26
6.50 PM
100 POL
6.50 3
20 HLS
10 Ms.
15 MLX.
LU MEN
LD0 P.M. NIGHT CARS na on Weak Days.
SATURDAYS. Mats Car Sykingha САНБ SPECIAL
W
By Arrangement at the Company's Ofson, Alexandra Bedizza
Des For Ind
Besson and. pratich delete india for a BADI 201 Ready foti. rouning at the time stat In the Company's trazar: tuilen, bat unt for m OATE, CAD to abound ou application a Company's Obon-No Sensen ticket win
mond and Tyment Veredar ka me nde to Bank Notes or by Cheque or Compradore order representing Hank Noter."
JOHN L. RCMYFREYS & CO
3.6131⁄2
Demand, Paris .... 3.62
BUYING.
4 m/s. LC
4 m/s. D/P.
6 m/s. L/C
2/84
21814
2/836
30 d/s. Sydney & 2/814
Melbourne...
THE CHINA PROVIDENT LOAN AND MORTGAGE
&1
CO., LTD.
30 d/s. San Frano-1
6316
isco & New York
4 m/s. Marks
Nom
3.7454
3.7976
4 m/s. Franos
6 m/s. France Demand, Germany.. Demand, New York. 623% T/T Bombay ......... Demand, Bombay... Nom. TIT Calcutta.......... Demand, Calcutta... Nom. Demand, Manila 1244 Demand, Singapore, 111 On Haiphong Hau V 4% prem
On Saigon
3% prem On Bangkok ... 5 8 Sovereign
Nom ............ 7.60 Gold Leaf, per oz... 44-0 Bar Silver, per o.... 40 5/16
SUBSIDIARY COINS
DISCOUNT PER $100: Chinese...sta, pieces 4.16 %di
hinese ..10
"
· Hongkong 20 cta. pieces. Hongkong 1*
4.1 %dik.
par
ני
Howrah
Kandy
Port Louis Blauzīt?:1)
Kota Bhero
Kuala Lows
Madrat
PERRAL
Rangoon
*banghal
Singapore
HONGKONG BRANCH.
Every descriptica of Banking and Exchang business transacted.
Interest allowed on Cartent Accoubia at A DET GAM per astam on Daily Balnaver, add on Find Dupers is caces which may be ascertained on application.
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
55. Wab S., New York.
LONDON OFFICE:
jf, Bishopscale EC., CAFITAL & SURPLUS #S$6,500.006 UNTVIDED PROFITS: US$7,010,000
RAY CALCUTTA CANTON
€7.50 $7,530,000-
BRANCHES
КОВР
BANTO DOMINGĖ. LONDON SHANGRAS MANILA BINGAPORE MEDELLIN TIENTSIN PANAMA YOKOHAMA PEKING HONGKONG. SAN FRANCISCO
CEBU.
COLON HANKOW
Through its close afliation with The Nations City Bank of New York, the Bank is able to offer you Services of the Branches of that Instication la Cabe South America; and elsewhere, zamałym
BAHIA, BUENOS AIRES, GEKOM HẠT, NE- MONTEVIDEO, RIO DE JANEIRO SANTIAGO DE CURA, ·FARTOS,
S&C PAULO, PETEDORAN VALPARAISO,
All kinds of FOREIGN & LOCAL BANKING BUSINESS trapano..
CURRENT ACCOUNTS opened and PIXEL DEPOSITS reczived at ratos 26. be, seotutakoað zr application.
GEORGE BOGG.
Manager,
(Capital Paid, up.....$1,250,000.) Hongkong, 26th September, 1916
Loans en Mortgage of House Property, in Bend zaostrad on Storica,
Alunos de ou Marchandise. Loada coada sm the Provident System.
TRUSIEI, IIECUTOR OF WILLA, ATTORILEY, 44, Undertaken and Reamiać, Mahon and Partienisty on application) To the Orson of" SHEWAN, TOMES & CO..
General MaĤASTR
MARTIN'S
Z Paksón Ramady for mai franquinetalen.
Bandry dean they bondadslagaret. TioNEWDE mantha atomizand them,benen Liekracor
stron bout
MARTIN'S
APIOL &STEPL
THE
УОХОНАМА ЕPECTE BANE
LIMITED..
Established 1880.
Authorised Capital Yen(48.000.00
Paid-up Capital...
Reserve Fund................
30,000,00 21.300,000
Head Office.-YOKOHAMA
Branches and
Antang-Hales
Boraty Calcutte
Changchu Deren Yengtion Bazin Bankow
rinodulu Kobe
Manzing
Landon
Tog Angelos
engrau
Agencler
New York
Ndeg Кубут ст
Mawbyla..
Kogupere
Tokyo
zultata 1
Interest allowed on Curaros Anacents. Depčgita
received for fixed periods at rates to b ́obleLLE an appliesston,
བ་
FISHI" ONO, Manager,
Hongking, 12th March, 1917.