Catton.
THE HONGKONG TELEGRAPH, WEDNESDAY, AUGUST 29, 1917.
COMMERCIAL
"The Deed for increasing the supplies of cotton within the Empire is therefore urgent. No doubt the more tropical parts of the Empire, such as India, Egypt, East and West Africa, and the West. Indier, afford at first sight the most promising fields for development of the cotton indus try, hat es we have bad occasion to show in our Second and Third Interim Reports, there is far greater opportunity in Australia
J
>>
NEWS.
very large," He moved "That the directors report and statement of accounts be adopted and that be following dividenda be paid for the half-year ended 31st March, 1917, viz(1) To the holders of preferenos susres at the rate of 7 per cent, per andum, less income tax; (2) to the bolders of ordinary shares of the rate of 30 per cent. per annum, less income tax." Mr. Robt. Mand the formally seconded, sud resolution, was adopted. On the proposition of the Chairmea, Branded by Mr. A. T. Smith; Se Hagh Bell, Y. G. Jarmsy, and Mr. Emile S. Mond were re-elected directors of the company, M. J. O. B. Tandy moved, and Mr. W. J. Terwood seconded, and it was agreed "Tast the directore other then min»g- ing dizertorn each be paid at the rate of £500 per suuum for fer- vices render-d daring the ver ended 31st March, 1917.". The saditors were reappointed, and a vote of thanks to the Chairman · ́ and staff terminated the meeting.
South Africa's Great "Future la poses. The means that, apart from, ing to a notification by the U. 8.Į May, an extensive Transvaal in- Department of Commerce, the dustry in cotton cultivation, there Government may in fatare re- is ready at band a valuable pro quisition more shipping. In such dust which would prove a cheap case, there may not be sufficient foodstuff for are on Transvaal time for those converged to make razobes, for to digress for one now arrangements. It is, there moment there is no prophecy fore, advisable for exporters to more capable of material realias stipulate in their contracts that tion than that one day on the not shipment is subject to the tonnage too far distant fature Jobannes-" available. If it is necessary to burg will have become a second secure special export permite, ex- Obiosgo. Erea to-day, the cattle porters should see to it that the raising industry is rapidly assum execution of contracts is under- ing large proportions in the Union, stood to be conditionsl upon such and the Union of South Africa that the market for this by permission being obtained, with
calture is the object of avoiding the com then is generally known."-product of coltou Dominions Royal Commission seared. Thus from the by-pro- plications that might otherwise Report. After gold, agriculture! duct alone the farmer would occur."
Asiatic Soap Market. Indeed, the South African agri- derive an income suoient to re-
As a result of the war's inter- caltural enthusiast will tell you coup himsell for the whole of his that the real, permanent backbone expenditure in cultivation, and to ference with Germany in South of the abcontinent is agriculture, calculate bie sales of lint as pure China there has been a great, And, looking ahead and well into profit. Cotton growers in South increase in the amount of Ameri- the future, he in, perfectly justi- Africa are also fortunstein having can easp imported into all the fied in his assertion. South Africa at their doorstepe a shipping Soath Asia parts." The change in is capable of producing moet organisation which not merely the trade has alan stimulated the agricultural products known to carries their produce rapidly to local production of soap is pract the world, and has already built market under condition's making ically all of the South Asis conn- np for herself a position of im for delivery in best condition, tries. Japanese soap products one which actively have again commenced to come portance in that direction. "Bat bat
As Dr. into the market more freely. Ia There are certain products, the encourages production. anitability of which for cultiva William Mcdonald, the well- the Philippines a local coconut- tion in South Africa is as yet known South African agricultural oil company has placed on the bat dimly appreciated, and fore- expert," reminds us, the year market a very satisfactory laund moel among them is cotton. One before the break of war the ry soap of which it reporta large thought of Lancashire's huge in- chairman of the Union Castle sales, and it is also placing a dustry as the principal contre of Company, Sir Owen Philippe, obesp grade of toilet soap on nativity suffices to convince as to K.O.M.G., M.P., asted that in sale in the islande. The largest the immense maket for the com- order to assist the efforts of these increase in sales of soap to Chias, modity, and this being the case, who were endeavouring to ee- however, has been on the part of the sooner a wider anderstanding tablish cotton growing in any Honkong, and has consisted is mached of South Afrios part of South Africa, where she chießy of the product of a local ability and advantages as a field soil and conditions were eaitable, soap factory which suceeds to for a large cotton productive he would arrange for the free the business of one owned and industry by grower and capitalist, conveyance of the firet 2,000 tons operated by German interests the batter for them and for the of cotton grown in South Africs before the war. Much of its T country. As matters stand to and shipped from any Union part material comes from the United day, cotton is in no sense an ex to the United Kingdom. In other Stater, the oils, however, coming perimental crop. That stage is words, the cotion growers of mostly from China itself and J.ra past, and the South African South Afrios would be able to and Ceylon. The cost of its w product is a proved success, both ship free of charge 8,000 bales of material is about 20 per cent. in the country and in the home su approximate valde of £100,000. over pre-war figures, while the markets. The most favourable We know Sir Owen too well to price of catpat has advared in resulte bave been secured in the take it otherwise than that so soon greater degree. warmer_parts of the Transvaal, as shipping facilities allow he will
Brunner, Moad & Co., Ltd. Natal, Eastern Province, Tran do his atmost in the direction of Sir John Brunner, Barr., presid skai, Zalaland, and Swaziland, sesisting growers in the Union to ed over the ordinary general but in the Union itself the market their cotton to give them meeting of Brunner, Moad and principal centre is the Rustenberg effective help at the very time Co, Ltd., which was held recently district, Here there is no mis they moet ceed it to ensure at the Exchange Station Hotel, conception as to the future. reaping the beat advantage at the Liverpool. The Chairman. esid That farmera in this area are sales. What the Union Ossile last year for the first time be fally alive to the remanerative Line has accomplished for, first omitted to carry the meeting return from cotton growing in South African maize, and more through the profit and los ac abundantly leatified to by the recently, for meat and fruit, count and balance sheet figure by holesale manner in which it is it may be assumed that the same figure, and he gave as a reason Even farmers relative sasistance will be extend that a man in his position wa ›being" taken up,
and settlers with comparatively ed in the case of cotton. Looking not at liberty to talk at large, and small holdinga are concentrating at the position in the light of the he proposed to follow that rale their efforts on cotton production, few simple facts already stated, on the present occasion. They and are reaping returns beside then, it is impossible to arrive at had carried forward from the which those from tobacco and any other conclusion than that prefit and low account s much mealies are completely dwarfed, conditions all round favour cotton farger eam, £216,000, against This is no idle statement. It is growing in South Africa in suy £120,000 last year. The differ confirmed by the Government district where there is an annual ance between those two smounts cotton expert, who adduced facts rainfall of 15 inches or over-and would more than amply saffice and figures to testify thet during that once embarked on the enter for the amount of excess profits. the farmer and the The figurse of their profit and loen the past season the ares for prise, enlture had been incrested by 500 capitalist have their returns account and of their balance sheet 600 per cent., and it is anti- secured for them, and their sales had been arrived at by studying cipated this increase will be mais turned into clear profits by the the matter in tained during the next season. It commercial utilisation of by spirit. They would see in the the Rustenburg and Zoutpane products. Finally, it is not to be balance sheet in the proft and berg areas something like 6,000 fost sight of that the manufacture lome account a war expenditure of the of oil from cotton seed is also a £33,000. It was the third time devoted KOTOS Bro
In the matter to receive close attention that war expenditure had appear onltivation of ociton. Zotpansberg district-compar- at a time when the production of ed in their profit and loss account, atively a new entrant into the field oil of all descriptions is of world and the total of the three sume while last season there were importance. Let it be remembered was £105,000. There would be only some 100 acres under oalties that annual imports into South another figure to rdd next year, tion, this season the camber had Africa of oil made from cotton and he hoped that was going to been increased to over 2,000, and seed total some 200 000 gallons, be the last. They held them- no fewer than 200 farmers have valued at nearly £50,000 ster selves at liberty to charge the decided to try their hand at cotton ing! In conclusion, the remarke war expenditure not against their the Zoutpansberg Review profit and loss socoast, but to cultivation. According to the of esme authority, last season there on the subject of the local culti iheir reserve food, which was was produced within the Union ration of cotton may well be 500,000 lbs. of seed cotton, and quoted. Urging the growing of it is anticipated that the present the product in the Zoutpansberg crop will reach 3,000,000 lbs, district, the journal adde:- giving 1,000,000 lbs. of lint," What has been lacking so far The variety of cotton largely is that degree of co-operation grown belongs to the type known which is so vital to the anocean of as American Uplandr, and it is now ventores, It is incumbent important to note at the ontalapon agricultural societies and that the South African product, farmers' associations to move in as a rale, realises from 1⁄2d. to 1d. the matter......The initiation more per pound on the Han of a proper system of propaganda chester market than the best would work wonders, and a the American Upland. Taking the market for cotton is virtually aver go yiald per acre as up to limitless, that fear that attaches 500lb. of lint, and estimating on to over-production should not be a selling price of 6d. per lb the bugbear that invariably a matter of fact, a shilling and over heuate the inauguration of a new in nearer the correot figure industry." That is the position total value of £12 10s, per sore is a secure.marker, and most favour chuined. Cultivating and hur-able conditions at the producing vesting run to about £2 to £3 per end. With intelligent co-opera- sore and the average clear prof|tion, and, perhaps, Government for all messons would give us £7 ginneries, there is no limit to the A financial producing capacities of Bouth to 18 per sure, result on that sosle quite out. Africa in the matter of cotton Class mexlies. But this is by supply.The African World, Do means all. A by-product of American Export Contracts. ention',, is an important stock Mr. Sato, the Japaneso Am food, invaluable for the fattening, baseador in Washington, reporte Accord- of stock and for dairy pur to the Foreign Office :~
10
& conservative
THE MERITS
OF THE
REMINGTON
TYPEWRITER
ARE AN
OPEN BOOK
The Machine itself is like an Open Book.
SEE HOW WELL BUILT IT IS ;
}
SEE HOW SIMPLE IT IS ;
NO TANCLE OF INTRICATE MECHANISM;
NO DUST OR DIRT POCKETS;
A MASTERPIECE OF CONSTRUCTION;
A MASTERPIECE OF DESIGN.
MUSTARD & CO.
Sole "Agents.
VISITING
THE NONE OF
PRIMO BEER
Stocked and sold by all Wine"
& Spirit Merchṛnts. Hotels
and Clubs.
H. RUTTONJEE
& SON. Wine and Spirit. Merohants.
HONGKONG SHARE REPORT.
S-SELLERS; BA.—SALES; B.-BUYERS; N.-NOMINAL.
OFFICIAL PRICES.
BANKS.
H. K. & S. Backs on
-- MARINE- INSURANCES. Cantons North Chinas Unions
FIRE INSURANCES.
BANKS.
BANK OF CANTON,
LIMITED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Transcted.
INTEREST ON FIXED
DEPOSITS:
$580
D.
$320
:
t. 140
6.
$800
Yangiszes
B. ex 73 $19›
"
China Fires A.
$133
H. K. Fires
$300
SHIPPING.
For 3 Months S% per annum.
Douglases
鸭踐。
$81
Steamboats.
8.
$17
For 6 Months 4% per annum.
Indos (Def.) Indos (Pref.) 8. Shells Ferries
$89
b.
108/6
n.
For 12 Months 41% per annum LOOK POON SHAN;
REFINERIES.
Sugars
Malabons
28.
1
$92
$23
MINING
b.
10~
t. 14
$2,60
n.
25/6
Urals
C.
32/-
Oriental Cons. b.
28-
DOCKS, WHARVES, GODOWNS, &C.
Kailans Langkats Raubs Tronohs
ودع
H. K. Wharves 8a." $75 Kowloon Docks sa.
$1134 S'hai Docks 11. 4675
75
LANDS, HOTELS `AND BUILDINGS.
Centrals
H. K. Hotels
sa. b.
Land Invest. *b.
$88 $97% $89
H'phreys Est.
b.
$6
K'loon Lands
12.
$33
S'hai Lands
1.
West Points" b.
$72
Reclamations *.
$115
COTTON MILLS.
Ewos
t, 160
Kung Yiks
0.
8.
*.
15 128 ,,5.75 t. 42
· S'hai Cottons Yangtszepoos S. Orientals
MISCELLANEOUS. “
Borneos
11.
China Light & P.n. Providents
- Chief Manager.
BANQUE INDUSTRIELLE DE CHINE.
行銀業實法中
Capital (34 Paid up)...Franco £3,000,000 03 of the Capital subscribed by the Government of the Chinese Republic,)
Chairman of the
Board of Directors Andre Berthelot. General Manager A. J. Pernotte.
HEAD OFFICE:
74 Rue Saint Lasare, PARIS BRANCHES: FERING. SHANGHAI TIENTSIN HONGKONG, and BAIGON. BANKERS.
In FRANCE: Société Générale pour favoriser le Développement du Com- merce et de l'Industrie en France.
In LONDON: London County & West-
minster Back, Ltd.
Io NEW YORK; Redmond & Co. In ITALY: Banca Commerciale Italians, Telegraphic Address: CHIBANKIND.
Interest Bowed on Current Accounts and Fixed Deposits, Terms on application. Every description of Banking and Exchange business transacted.
M. ROUET DE JOURNEL, Manager. HONGKONG BRANCH: Queen's Building,
Tel. No: 2352
5. Chater Rand. Hongkong, 20th August, 1917.
NOTICES.
BANKS
HONGKONG & SHANGHA
BANKING CORPORA
TION,
Paid-up Capital
RESERVE FUNDS
Sterling
£1,500,000 at 21-
-$15,000,000 Silver $18,500,000
$39.500,00
Reserve Liability of
Proprietors $15,000,000
COURT OF DIRECTORS.
Hes. Mr. R: Dodwell-EairMAT. Bos. Ht. P. R. Belpool Dept Chairma Hes. Mr. C. E. Anton, F. C. Butcher,
, T. X. Mr. Mos C. dubbay Hote E. V. D. Part, E., W. L. Patienden. Lege- A B Compton Est
VEINY MANAGE Bongsong-N., Sabh, Is.
MANAGER
Ebangbai-A.0. Bugden, Ins London Banken Londes County kud
Westminer, Limited
Hongkong-Inserts Allowed
Os Current Accents at the rate of 3 por esa
Lam on the daily balanCA.
ON FISED DEPOSITE. For I month. È par cekt, par kROUP, For & worth. Aj per cunt, per AGNES. For one's ver cent per kazus.
N. J. STABB.
Chief Manageń
HONGKONG SAVINGS BANK' TKE Rouises of the abore Bank Is Conducted baj the HONGKONG AND SHANGHAI BANKING CORPORATION, Rain may be obtained as application INTEREST on deposits is allowed on the màn imum monthly balances at 1 per oval, per s
Depositors may transfer, at Ebeit eption, balacal
of $100 or more to the foexkong and Shanche Bank to be placed on FAD DEPORIT a
L per subum.
tlo
For the Hoglong and Shanghai Banking Comori
N. J. STABB.
Chief Managez
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Incorporated by Royal Chertu lin
I KAD OFFICE-LONDON, PAID-UT CAPITAL 2,800,00 RESERVE FUND -- RESERVE LIABILITY O*****
PROPRIETORS
ta ma traktor 100 states, San RI, ODG Art FOREIGN EXCHANG】 and General Benito)
Lusiness manetend, CURRENT ACCOUNTS opened and P DETORITE received for year.or thortar perioda, si talen which will be quoted on application/
T. C. DOWNING,
Manages Hongkong, 11th April, 1912
THE MERCANTILE BANKI OF INDIA, LIMITED.
Head Office 15, Gracechurch
Street, London.
Authorised Capita) ......£1.500,00#
Bubrrrihed
Paid TM
Reserve Fund
1,125,000
162,50€
600,000
NOTICE
PEAK TRAMWAY CO.
LIMITED.
TIME TABLE..
BANKERS
The Bark of England
BRANCHES
The London folet Stock Back, Link
#61
$4,00
b. & sa. $746
Dairy Farms
Ди
$23.
Green Islands
b.
$7
H. K. Electrics
D,
$4814
H. K. Ice Co.,
Д
$149
Ropes
Л
$261
||
$104
Trams, Low Level sa.
$6
Eembly
Trams, Peak, old ...
$9
Calorica
Trams, Peak, new ne Laundries
cts, 90
L'elomb
Delhi
TAO A.M. DO E.00
b.
10
O
10.00 430
10 MIN.
Gu
| U. Waterboats
#13
Hoarkour
11.
JA ASTAR
Howra
Watsons
BB,
$6
Kandy
1.4 2.1.
18 MER
S.
Morning Posts
11.
$6.50 $29
**M*.
11PX.
1.00 2.1. No
10 MAN.
Steel Foundries b.
Wm. Powells
CORRECTED TO EDGR WEDNESDAY AUGUST 29, 1917,
BENJAMIN & POTTS,
Share and General Brokers,
Princes Buliding.
Tel, address: Broker.
EXCHANGE.
Karachi
Koun bere
Kunda Lamphi
Modras
PIDERI
Rangoo
Shanghai
Slegepor
2.16.2. 4,00..
8.00 1.32 NIGHT CANL
60236 NO $ P.X EX 10 21.00 Ovary ball tour, 11.00. ILAI FIL very quarter of an hour:
BUNDAYA:
Zrzar 16 M17.
10 M
For Loals (Mecitis.)
HONGKONG BRANCE.
Every description of Banking, and Zachang
barisma trassasjed.
Interest allowed on Current Accounts at
PAT
ON Daily Ealances, and on Fuad Deter
at entes,which may be sacarteised on application
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKINO.
CORPORATION.
HEAD OFFICE:
15. Wall St., New York
LONDON OFFICE:
af, Bishopsgats, L.G.-
CAPITAL & BUBPIUS U.S. $6,500,00€ UNDIVIDED FROFITS UE. $1010,DEJ
HRASE LO 303 30
10.30 10.00 .36
2900 Xeon to
1.00 3.2.
17.4
6.00
25 MIN.
30 Max
10 MIN.
A
18 M.
•
30 MIN.
BIG ET CARE ne de Wook Daya. SATURDAYE
SELLING.
T/T Demand
3 3-44
pies Car të Midnight
30 dis.
3-X
SPECIAL CARE
60 d/c..........
3/-34
BY ATTangenact at the Company's Qfles,
4 M/b.......
31-12
Alesandrs Bulidings,
T/T Shanghai.....
Nom.
De Your Boad
T/T Singapore *****
1274
"So
TIT Japan
13914
T/T India
Nom.
Demand, India
Nom. .7136
T/T Ban Francis-1 co & New York] T/C Java..................... 17014. TT Marks... Nom. TT France....90 manns 4.1514
Demand, Paris 4.16
BUYING.
4 m/s. L/C............ 3/116
4 mfa. D/P...MAND ONL 3/114 6 m/s. LJO...
3/13
30 ds. Bydney &
Melbourne!
3/13%
30 d/s. Ban Franc-T
inco &NewYork)
7256
4 m/s. Marks
Nom,
4 m/s. Franos
-----
4.2834
4334
******
6 m/s. Franca Demand, Germany.. Demand, New York. 7134 TIT Bombay..................... Demand, Bombay... TIT Caloutta
wwww
NOAL
Demand, Calcutta... Nom.
Demand, Manila.... 143 Demand, Singapore. 127
On Haiphong .................. 51⁄44% pren On Saigon
prem
5%
On Bangkok"............ BIL Bovereign. 6.60 Nom Gold Leaf, per oz.... 38.80 Bar Bilvar, pero... 45
SUBSIDIARY COINS.
DISCOUNT - PER $100: Chinese,..20 eis, piecos 14%dia, Chinese....10
Hongkong20 ots, pieces par. Hongkong 10
and panch dekme available for all care voi săread; tull ramping at the time statel tams Company's kézie tabiai, but not for social max our be obtained on application a. the Company's Defler Bewus ticket will be Smeð milli payment therefor, has been mada in Bank Notes or by Chaqda or Cenipradore order repeating Hank Home
TOEK D. BEMPERXYS & 00.§!
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up...$1.250,000:)
Losos en Mortgags of Boase Propwiz. an Made Youred on MarsER Adnaner 250de on Merchandise. Kummer mača on ma Profidant System.
PRUITER,, EXECUTOR OF WILLS. ASTEORIČEK, MA, Üctarákan and Euarciać, Cakes and Partlaciare in appilation) zhe Office of SHEWAN, TOMES & CO,
General Managers
MARTIN'S
APIOLESTIEL
_sign_of_way; Kvagtiway of the Evian A
MARTIN'S APIOL &STEEL
BOWRAY CALCUTTA CANTON
CERU. COLOX HANKOW
NOTA
MEDELLIN PAKAMA PPKING PUERTO
HONGKONG PLATA
КОВЕ
Thermob
UF. $7,310,000
FAN TEDRO.
DF MAGRYF.- SANTO DONTERS NANTRANCISCO SHANGHAIE RINGAPORE' TJEKTSIN YOKOHAMA
FRANCPRS:
He love ligion. * The NATIONAL CITY BANK ON NEW YORK, the Bank is able to ele de Services of the Breaches of that Tankart Car South America, and elsewborn, taml
BAHIA, BUENOS AIRES, GENOA, HAVANA, MONTEVIDEO. RIO DF SANTIAGO DE
TANZIRO CURA. FANTOR, SAD PAULO, PETEOGRAD VALPARAISO.:
All kinds el FOREIGN & LOCAL BANKING BUFINFE praniactad
CURRENT ACCOUNTS opened sad FIXEE DEPOSITS received at rates to be sacertaḥant as applicazion
GEORGE HOGG,
Manager
Hongkong, 26th September, 1916
''THE'
YOKOHAMA SPECIE BANK,
*
LIMITED.
Established 1880.
Authorised Capital Yar 48000.000. Paid-up Capital ... y Reserve Fund......
24
36,000,000 21.200,000
Fad Office-YOKOHAMAZ. //
Bruneb. Antony Hale Bombay
anengahan Dairen Fengti Martin
#00
Magam
Naw Tex
Decka
Pring Byofum
Anbur
Bas Prebend
Immotula
Ebangbal
Bydney
Line Tang
Telan
Lycos
Tolgo
Bankow
蔦のしゃ
Loudou
Loggin
Tinglan
Oterest allowed cu Dorrana 4-pockistá reestrel for Ashë pusOCH A TRE NOT ONL An appliextion.
WEISHI ONO, Manager,
Hongkong, 18th July, 1917.7