terms -The
THE HONGKONG TELEGRAPH, WEDNESDAY, AUGUST 8, 1917.
COMMERCIAL
NEWS.
The British Trade Corporation. and is open on week days from considerable part of this it has Splendid roads have been made The Board of Trade has issued 10 30 s.m. to 5.30 pm, and on not yet been possible to negotiate between all the principal towas a White Paper containing the Saturdays from 10.30 8.m. to 2.30 exchange in New York-for the and, here formerly only tracks form of declaration in regard to pm. The Library belonging to resson that Usands took in settle-existed, real roade are being, and the charter of the British Trade the Commercial Intelligence De-ment British Treasury billa which in many cases have already been, Corporation. The form of department will shortly be extend are not yet finally matured. At laid down to connect the prinsip claration is is the following ed, reorganised and placed at the same time it is to be observed al centres of trade in the in- Britieb Trade the disposal of the public. In- that isanes of Canadian secarities terior. Railway routes have Corporation hereby declares that quirers will then in many cases in London bave ceased since the been agreed upon, and a com- it has sought and accepted the be able to study for themselves war; and, while the United States mission is it present mapping charter on the footing that, technical booke and other works is taken a large amount of put the motaal tracke. The ports according to the true intent and of reference not at present gener-Canada's bonds. Washington's, hire also come in for their share meaning of the charter, the all available. Department of new war loans beve temporarily of attention; light housse bave following are the provisions there. Statistics. This was originally stopped the market for farther ben erected, and others are in of, namely That the fonda crested in 1895 and in 1914 was private issues. Perhaps Canada course of erection, all along the mental object of which the re created and re-organised. It will receive before long an official coast. The Government has charter has been granted in the is officially under the Department on which will serve the par- bestowed special attention upon giving of Enancial assistance to of Commerce and Industry, bat poses
ordinarily served by improving the town of Cass- British traders and manufactures, compiles and publishes reports issues made in the market. blanos. The improvements effcet. especially in connection with and returns under the orders of
ed, or a boat to be effected, consist overseas trade, and that the Car other ex cctive departments. It
of a water supply for the in Sporation is under obligation to is divided into two main divisione,
The Board of Trade are in electric light in the streets and babitants; the installation of give fall. f ct to such object, and each under a Superintendent, the
ill be accessible to the business whole being under the Director four of linking up the great in most of the dwelling houses in
electrical undertakings in the the European quarter, the forma ran, 1, Council Street, Calcutta,
in order to economise in the the Place de Frazce. A fifty production and distribution of years' concession for the exploit- electricity. They have appointed ation of a tramway system hae more than one advisory commit- been granted to French com- tee of experts, and intend to
pany it in expected that work prooeed rapidly with a co-will shortly be commenced on the ordinatisg scheme. The country main route, and that in five for this purpose will probably be years' time the town and
Electric Power at Home.
HONGKONG SHARE REPORT.
8-SELLERS; SA-SALES; B.-BUYERS; N.-NOMINAL.
OFFICIAL PRICES.
.. BANKS.
H. K. & S. Banks s. &sa. $655 MARINE INSURANCES. Cantons North Chinas Unions
sa
$925
D.
81;
t. 140
$525
Yangtszes b. ex 78 $195 FIRE INSURANCES. China Fires b. H. K. Fires
SHIPPING.
Douglases Steamboats
Ferries
public for the purpose of consul of Statistics, Mr. G. Findlay Shut-country, municipal and private, tion of a really fine quare named Sugars
#acne, or
BO 89
10
Canada's Growing Trade With
The States..
Montreal mail advices say -- Each enccessive month the figures of Canada's trade with the United
BANKS.
BANK OF CANTON, LIMITED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business fransacted.
INTEREST ON FIXED
DEPOSITS:
For 3 Months 3% per adnum,
LOOK POON SHAN;
Chief Manager.
BANQUE INDUSTRIELLE
DE (HINE.
Capital ( Paid up)Francs 15,000,000
President
André Berthelot Geceral Manager J. Pernotte.
HEAD OFFICE: 74 Rue Saint Lazare PARIS ERANCHES in PEKING, SHANGHAI, TIENTSIN and HONGKONG.
BANKEFS.
Is FRANCE: Société Générale pour favoriser le Développement du Com- merc et de l'industrie en France. In LONDON: London County & West-
minster Bank, Ltd. In ITALY: Banca Commerciale Italians.
$148 £305
For 6 Months 4% per annum.
12.
12
$55 $18
Indos (Del.) Shells Indos (Pref.)
For 12 Months 41% per annum
n.
2014
$40
b.
120/-
D.
* $29
REFINERIES.
D.
Malabons
I.
$96 $20
MINING
Kailans. Langkats Raubs
b.
4/6
b
b.
Tronohs. Urals
n
2.
$2,60 25/6 32/-
DOCKS, WHARVES, GODOWNS, &C. H. K. Wharves b. Kowloon Docks Sa. S'hai Docks b.
$75 $117 t. 78
LANDS, HOTELS AND BUILDINGS. Centrals
S.
h..
Land Invest. H'phreys Est.
11.
$95 $99 $31
b.
$6,25
Π.
$33
E3,
West Points
b..
t. 80 $.63 COTTON MILLS." ·
12. t. 162 t, 15
t. 134
t. 5.75
¡ 5. Queen's Building.
Hongkong, 14th May, 1917.
N.
$7
$4.50
M.
$7.90
of
Dairy Farms 11. H. K. Electrics, b. Green Islands
H. K. Ice Co., Ropes Steel Foundries Trams, Low Level n.
Laundries Trams, Peak, old n. Trams, Peak, new n. U. Waterboats
*323
D.
$7,05 $48
n.
$151
sa.
17.
$10
$6.40
$9.10
ets. 30
b.
$2,40
n.
$19
b.
€6
5.
D.
$6.50...
$29
Ewos Kung Yiks b. S'hai Cottons b. Yangtszepoos
MISCELLANEOUS
tation and otherwise. That the Corporation is not intended to be Dor will it operate as a competing confrsator, mercbant, or trader, and that its enterpriee shall be directed to the fartherance of its aforesaid fundamental object. That the powera and privileges given to the Corporation by the charter are intended to be and States grow more impressive. For divided up into seven or more gubarbs will be connected by a ere the machinery by which the the 12 months ended February, areas, sad it is in contemplation complete network of lines Sani- Corporation will effectaste its asid 1917, the imports of merchandise that more
large gearrating tary questions bave also received fundamental object, and will be from the United States smounted stations should be boilt to be link careful consideration. The op exercised for the purpose as a to 637,189,592 cola, or 78 per ed to sac-stations for distribu- portunities that rains for British merde of and with a view to the cent, of the grand total of importa, tion. At prevent there are many trade in the French zone of generating stations, which, Horocco have never been greater carrying out or furtherance of the ne against 350,833 881 dola., or
72 per cent, of the total in the frm the national point of view, than they are at present. British H. K. Hotels enable the Corporation to deal with corresponding period of 1915-16, | ste nos economical. The Board trade bae not only held its own. of Trade proposes to bring the bat, in spite of the many bendi- Pitaations arising by reason or in and 302,336 831 dole., or 84 per Consequence of such carrying out cent. in 1914-15. Also in the year various interests together with a espa occasioned by a elate of war, K'loon Lands of furtherance. That nothing in ended February, 1914, Canada's view to promoting such arrange has increased in volume since the Shai Lands the charter has the effect of con- purchases from the United Statesments, but I understand that outbreak of batilities. Two main there is no intention of forming factors make fer a better outlook ferring any exclusive privilege on represented approximately 84 per the Corporation as regards access cent, of the whole amount import- one big syndicate or of supersed for the fatare: First, a British to Government information, or of ed. With the preccea pation of the ing the local authorities. In Chamber of Commerce has come placing it in 805 preferential European countries in the war specific areas it is hoped, how into leing; and wecond, and still position as regarde the represen- the United Stated became almost ever, that the local authorities and more important, the Bank of Brit. tation of British trade or finance, the sole source of supply, the private companies may federate jah West Africa, realising the or of conferring upon it the right Dominion now procuring practi- themselves. There is no reason, powibilities for British trade, Borneos of acting as agent of the Govern- cally four-fifths of bar reqaire-apparently, why the various local bas opened brazchea at Tang China Light & P.n. Leat except upon appointment in mente there. The United King authorities in London should not ier, Casablanca and Mazigen. Providents esch cas; or of excluding the dom in 1917 sep1 to Canads goods formulate their own scheme of While it is not possible to Government from selecting other to the value of 120,912,984 dols., federation. In Manchester and draw up an exhaustive list of and apart from the British West other centres co-ordination bas British goods for which openings ladies no other country appeare already been arged. In the Hoore eriet in the French zone in the list for as much as 10,000,- of Common recently Mr. Tyson Morroco 000 dola. On the other band, as Wilson, M.P., and Mr. Aracld certain United Kingdom goods it may be said that regards exports, the military Ward, M.P., ssked questione BS are always in demand, such as Chins could do much worse requirements of the Allies have to the alleged inadequate repre- cottone, that take a leaf oat of India's naturally necessitated the ship sentation of the local authorities hardware, furniture, jewellery, candles, better-class back in regard to the furnishing ment of an increasingly large owning electical undertakinge on etationery, certain makes of pre- of commercial intelligence, says proportion to British porta. In the the. Board of Trade Advisory serves, sweets, biscuits, o. In the N. C. Daily News. The Com- 12 months to February, 1915, Committee, sud Mr. George addition, the following may be mercial Intelligence Department,, Canada's exports to the United Roberts, M.P., stated that he had mentioned:-Coal and briquetter, ladis. was founded in 1905 as Kingdom barely exceeded the ex- advised en increase in their re- cheap hardware (a line for which der the control of a Director- porta to the United States, presentation, None the less some the Germans need to cater with Io- whereas in 1917 the shipments to of the real sathorities are uneasy, no small degree of success), General of Commercial telligence. Its primary object was Britain were almost three times and do not understand what is in glassware, cotton-seed oil, cement the supply to the public of such a large as the shipments to the contemplation. The production (N. B: British cement is prefer-Share information as would stimulate United States. Io 1915 Great of electricity in bulk is regarded red, but it most Indian trade development.
As Britain took about 50 per cent., in Ministerial circles as one of the to compete as regarde price). now Coastitated the Department as against 471 per cent. taken by great after-the-war problems, and and woollen goods." After the serves the purpose of s Central the United States, and in 1917 if it is made clear that the present war there will, it is anticipated, Barean at which information on Britain's proportion had risen to Band of Trade scheme of co- be a demand for various kinds of 3jects of commercial interest is 66 per cent., while that of the ordination is an interim measure, machinery and motor care. Agente collected and disseminated to the United States had fallen to 25 their present snxieties will pro- can be appointed on the apot to" public and from which replies are per cent. Tae total trade of the bably be diminished.-Daily pash certain lines, but the diffi
sgents.
An Example for China..
prove
British Trade with Morocco.
5
be able
LA INSULAR CIGARS
1HE OLDEST CICAR FACTORY IN MANILA
Watsons Wm. Powells
Morning Posts
$273
CORRECTED TO NOON WEDNESDAY
AUGUST 8, 1217,
BENJAMIN & POTTS,
and General Brokers, Princes Building.
Tel. address: Broker.
ין
EXCHANGE.
SELLING.
INT Deciand 30 d/s.
T/T Franes
2/8.
•2/8 1/16 2/8 3/16
2/8 5/16
21834
Nom.
113
124 Nom. Nom. 6314 1514
Nom
3.69
3.691
BUYING.
4 m/s. L/C............ 2/878
4 m/s. D/P...................... 9/9 }} 6 m/s. L/C..
2,94% 30 die. Bydney & 2/91%
Melbourne.....!
6434
30 d/s. San Franc-1 inco &NewYork} 4 m/s. Marks .............. Nom. 4 m/s. Francs
posted to inquiries by businessmen Dominion rose from $859,000,000 New
culty of finding gente falflling oncommercial matters. It is situat-jin, 1915 to $1 922,000,000 in 1917.
as one and the same time the a1 at 1, Council House Street, is well known that mach of
desirable qualities of beings dia..... Oiloutts, the headquarters of the the merchandise notchased by Drector-General. The informa-Canada in the United States B. L. Babino) has forwarded the insurmountable, and it is suggest T/T Shanghai...
F.H. Consulst Casablanca (Mr. suitable and willing is almost tion collected by the Department constata of TAW materials, and intended for general publica- machinery, etc., for the munition following information concerning ed that British firms wishing to T/T Singapore
T/T Japan....... tion is printed in its weekly cffi industry, and that the great ries the commercial sirastion in the do business is markets of the cial organ, the Indian Trade in exports has been das to ship has been furnished to him by s be directly represented there;
French zone of Morocco, which French zone of Morocco should F/T India
Demand, Indis...... Journal The Department is ments of agricultural products at
T/T San Francis-1 always glad to sewer any in- rising prices and of shells, &c., member of a British firm establ. that is to say, they ought to send
co & New York/ quiries regarding imports of any for the Allied armies. An expert ished in that town:-Economic out their own representatives articles into India, exports from of the Manitions Board the other development on an unprecedented Until this is realised and pat..... India, production of stapler, day stated that many of the gile bas taken place in the into practice British trade is an pricer, wages, rail and river borne industries now operated in con- French zone of Morocco during likely to make further headway Demand, Pare..... trade, and
any inquiries of nection with shell making would the last two years and 8-half. in the country, a trade nature. in which be permanently established - in statistica are wanted. It is the Dominioa-their output being
ready to pat alwaya
any diverted to peaceful uses. Thus firm on its mailing list for gratis it may be the case that the copies of the forecasts on rice, enlargement of Canada's par- wheat, cotton, oilseede, indigo, chases of merchandise in United
will sad Bugar-cape. Since the cut Btatea mazketa break of war the Department has to be more or less a permanent increased to a very great extent festare. Ordinarily the exchange this part of the work, ie, of sup- problemsconnected with Canada'e p'ying marchants and mana-out-sided trade as between the facturers with information. Firme United States and B itsin do not may also have in the third week occasion difficulty. Prior to the of every month a return of the war Canada's surplus exports to import and exports in which the mother country, along with they are interested (the Monthy proceeds of new securities sold Trade Accounts, post free, Re. 7-8 there, were much more than per sotam). Other reports of in-euthicient to provide for interest terest to the trade are those on tes dividend paymentsdue to London, production, coal production end consequently the large trade ansamrtion, the Review of Trade, balances due to Americans were atc. A Commercial Museum bas settled through sterling exchange been organised as a part of the negotiated by the Canadian banke Commercial Intelligence Depart in New York. Now the situation is ment with the object of bringing more complicated, although Can- together purchasers and suppliers ada's excess of importe has been of Indian manufactures. An Intarsed into a handsome export quity Office is attached to the surplus. Last year, for example, Kasam, which is also located at the export surplus exoseded 1. Connail House Street, Caloutta, $300,000,000; but ageinet a
Best Quality Leaf. Best Workmanship. ·
Finest Aroma. Lightest Colours,
Oblainable from all Cigar Merchants,
DISTRIBUTORS FOR SOUTH CHINA: "H, RUTTONJEE & SON,
ALAPA
3.82
5 m/s. Francs...... 3.87 Demand, Germany..
Demand, New York. 635% TT Bombay
P
Demand, Bombay... Nont TIT Calcutts......... Demand, Calcutta... Nom. Demand, Manila ... 124 Demand, Singapore, 11314 On Haiphong...
On Saigon
On Bangkok. Sovereign
44% prem 435% prem. 5734
7.45 Nom
Gold Leaf, per oz.... 43.60 Bar Silver, per ozi... 4131⁄2
SUBSIDIARY.COINS
Telegraphic Address: CHIBANKIND.
Interest loved or Current Accounts and Fixed Deposits. Termsn application. Every description of Banking and exchange basiness transacted.
DISCOUNT PER $100: Chinese...20 cts. pieces 2.14%dit.
hinese...10
2.34%dia: "Hongkong 20 cts. pieces par, |Hongkong 10`
M. ROUET DE JOURNEL,
Manager.
HONGKONG BRANCH:
NOTICES.
Tel. No. 2352
NOTICE..
9
BANKS HONGKONG & SHANGHAI
BANKING
.. TION,
CORPORA
་།
..............$15,001,DD
Paid-up Capital. RESERVE FUNDS:
Sterling
£1,500,000 at S
--$15,000,000
Silver ...$18,500,000
$33 300,000
Reserve Liability of
Proprietors......$15.000,00€ COURT OF DIRECTORS Hen. Mr. S. R. Dodwell, buiomn=, Boo, Mr. P. H. Ergo-Depot Chairma Hen. Nr... Auton, F. C. Butcher, Arg 6. T. N. Kätra let E. V: D. Part
C: Gabbay. Inte
EAK THAM WAY Co.!
LIMITED
TIME TABLE.
HAM.
11.00 AM
$.00 AX DO BUT 300 LE LO 18.00 AM to 11.30 AM 10 Lis.x. Do LIP.X. 20 L.. LIS to 10
JP.K.
STAY IS MAN,
10 M
15 MIN.
A. l. Compta Patrender.
CHIEN XALDER BOGEROUS. J. Stadi, A10.
MAXAin
Stangbai–A. G. Stephen. Esc. Lendon Pinkers-London Costar a Westminer, Limited.
Hongkong-Interit Allowed -
Ca Cerrent Accounts at the rate of 3 per c
ON FIXED DEPOSITS
asoum on the daily balance.
for 5 causcht. Zjo per vett, pE LINED. For months 3 per cent person per cent. per annua
This month
N. J. STABB...
Chief Masag07:
HONGKONG SAVINGS BANK. THE Basiness of the above Bark is conductal be LEE HONGKONG AND SHANGHAI BANKING CORPORATION, Rules may be obtained to application INTEREST on deposits is allowed on m lorum monthly balances at t'i per casa par unha
Depository may crapafer, at their option, talamess of $100 or more to the Hongkong and Sogne Bank to be placed on FIIRD DEFCENT 81 4. Geal per actam,
For the Hong Le÷g and Stangbai Banking Corson zien.
N. J. STABE.
Chief Mansgol.
THE CHARTERED BANK OF INDIA, AUSTRALIA -AND CHINA.
"Izcorporated by Royal Charter 195
HEAD #FFICE-LONION.
PAIT-UP CAPITAL REFERVE FIND
KERERVE LIABLITY OF
PROPRIETORS
£1,000,00
BigJ
FOREIGN EXCHANGE,,and, Geber
business transacted. CURRENT ACCOUNTS opened and FIE DEPORTE received for 1 year or shorter periods. I rases which will be quoted on appilation,
T. C. DOWNING,
Hongkong. 11th April.. 191.
Manage
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office 15, Gracecharel
Strect, London.
apital......£1,500,000
Authoriser
Subscribed
Paid Up
Reserve Fund
PANKERB
Tr Pack of Enciand
1.125,000
600.00%
The London 1-lat Stock Bank, and m
BRANCHE
Hanskate
Hewit
Karachi Kota Bhar Kasia Lampu
Madras
Pember
Calretis
Colesbe
Deihi
Gall
Pebang
1948 P.X. 1.18 P.X 10.
REFOOT
10 MIN
18 h 150
Shanghar
Racdy
Singapore:
10 MIN.
Yon Lock (Maria)
6.00 .
1 Mi
£.00
2007..
↑
NIGHT CAKE.
6.50 . . S . 95, to 11.00 .. every half hour.
11
11.00 11.40 .. every quarter of an hour. BUNDAYS:
$:00 L
to
f his
15.51%
HM AM 10 11.30 AM to 1400 Xoom Lo 1.00 .M. TO
10.30 4.3. ETELY JA MA 11.003. 300 Noon
$30 P3
600.34.
LRPM 10
LUP..
$3.75 10 6:00 г.M.
15 MIN.
TIGHT CAES as an Week Daya
KATURDAYS;
Extra Car si Midnight
SPECIAL
CARB
BY APENZIMMIANAS at the Company's Of
Alexandra Bulidings.
De Form Howd
* Basson and panch dickere viallatőr for all maz pot săready fall, running at the time stated the Companyjainne tallen, kant color special s can be obtained on application si the Company's Office>-Ne báradó ticket will be famed mit payment therefor kina brez zuide is Bank Notes or by Chajan or Compradore CVAT TEPESMAnting Rank Notes.
JOHN D. HUMPHREYS & CO. 3:
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up...$1,250,000.) Loads en Moriengs of Eouse Property, de Goals twosited on surage. Sárazone virdie on Merchandian, Los renda en the Provident System. *TKUSTIE, EIICUTOR OF WILLE, ATTORNEY, ke Undertaken and Bisenied.
ator and Pardenias op appilation}
To the Office of SHEWAN, TOMES & CO.,
General Manager.
LA MARTIN'S :
*APIOL STEEL SAMPILLS
* Fransa Kamady Inv all Irregularides. Varomade at Ladze nimwyn Joney a tax of Maria'ni in San Roman, 50 Chintam, the dret sign of any irragularity of the Mystis s
| thedi, katea thaisebor masa sain. All Chesinin and storme mali sbass skroughout Soc Varid, or seat tru Kv. BARLAR, Ghamsat, Kouthampton, Eng
MARTIN'S
APIOLASTEL
14
AGKONG BRANCH. Every description of Banking and Ext Business transacted
Interest silowed on Current Accounts at = par same per annomor Daily Balances, and os Fixed Depo at rates which may be ascertained on application
C. CHAMPEIN,
Acting Managar,
INTERNATIONAL BANKING
CORPORATION,
HEAD OFFICE
15. Wall St., New Yor
- LONDON OFFICE:
⚫st, Bishopizze, EC.
CAPITAL A SURPLUS" UB, $6,500,00€ UNDIVIDED PROFITS; U.S. $1,010,00%
BOMBAY
CALCUTTA
CAKTON
CREU COLOS HANKOW HONGKONG
ZOBE
LONDON MANILA
U.S." $7.510000
FAN PEDRO
MEDELLIN SANTO DOM DE MAYORIS.
PANAMA
PEKING.
PUERTO
PLATA
SAN FRANCISCO. SHANGHAI SINGAPORE. TIENTSIN YOKOHAMA
BRAN HRS :——. Through a close affliation with The Naties City Bank of New York, the Bank is able to cler the Services of the Branches of the lastiṭmion is Ca South America, and alwbers, amely
BAHIA, BUENOS AIRES, GENDA, HAVANA MONTEVIDEO RIO DE JANEIRO SANTIAGO DE CUBA SANTOS, FAUL FETROGRAD VALPARAISO,
SAO,
All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted.
ACURA ACCOUNTS opened and FIXEF
•pplication.
received ai rutes to be acertadoad
GEORGE HOGG.
• Manager, Hongkong, 26th September, 19167
THE
YOKOHAMA SPECIE BANK
LIMITED.
Established 1880. Authorised Capital Yen 48.000.00 Paid-up Capital"... " * 36,000,00 Reserve Fund...... 21.300,000
Fead Office.-YOKOHAMA
Bruches Antung-Halen
Homila
Calen
Changchan
Dairen
Fangtien
Harbin Hankow Honolula
Robe
LINO-YEZTE London
Lyons
Log Angeloni
Agencies Nagrad Newelwos New Yor Ounica
Peking
Bysjan (Pon
Arthur
San Franc
Bydney
Shangha
Bingapor
Tabiing
Tientsid
-Tokyo-
ptereat allowed on Current Acomass, Depo
received for dited perioda at zase to b
an application.
EISHI ONO, Manager,
Hongkong, 18th July, 1917.