COMMERCIAL NEWS,
THE PRESS AND THE WAR
Japan's Woollen Industry,
There has been s distines increases in the number of Japan- wearing foreign clothes,and wool is
Gathering in the Institute
of Journalists.
one of the indispens
Mr. JL. Garrin, President of Japan, importe of
the Institute of Journalists, enter wool and woollen textiles amount taiped at luncheon at the Holborn ing to about Y.40,000 a year. Restaurant recently, delegatee The woollen industry of Japan from all parts of the country who is yet in a primitive condi- were attending a special, general
conference in London. the domestic tion so far as
THE HONGKONG TELEGRAPH, WEDNESDAY, MAY 8, 1918.
ANNOUNCEMENT.
IN the absence of Madame LILY who is at present on her way to Paris where she will personally select new Modes and Confections for the next winter and following Summer Seasons. Mrs. Aris will have charge of
THE MAISON LILY..
As it is desirable that in the interim an effective clearance may be made of all present stock, whether new or old, instructions have
been
given to sell when requested.
4.
DRESS MATERIALS
LIVE
by the yard. Corresponding concessions will be made in respect of the many other lines at present stocked at
ALEXANDRA
Proposing the tonal, "Soccers applies of wol-are ocncerned. to Our Profession," he said the At present the total none thing which had induced ber of sheep in the country is no bim to take the chair was the more than 8,400 the yield of wool hope of doing something to for amounting to only 10,000 kio, ward" an amalg«mation between Such being the case, maya the the National Union-and-the Japan Chronicle, the Japanese Institute of Journaliste, "for authorities have recently been con- neither will ever, have one-tenth sidering steps to make the country the icflasnoe and power 'thay they Werd Ealf-supporting in regard to sap could have if plies oLmbol: In the Budget for the amalgamated."
He spoke of that "little touch presént foancial year is included an expenditure of Y.302,858 for of adventure which is inextinga. the encouragement of the rearing ishable in our lives," which has of sheep. It is stated that the made many men adopt journalism official plan is spied over seven who would otherwise have been years, it being interded to import claimed by other professions. It fram 500 to 1,500 sheep each was a profession second to none" year, or 7 500, sheep in all. The in the world. Shuon the war Bathorites will feed these sheep began it bad worked under sad supply them to the farmers imineuse difficultise. He did not
one The number think there was
other for breeding. of sheep "to be imported this profession in the land which had year is 500," and for the feed- had difficulties in any way com. ing of these the Government parable to those which the Presa will lay cat a new pasture at has had owing to the ehortage of Takikaws, near Sorachi, Hok-paper. They had responded to kaido. According to the latest every patriotic demand that had officis investigations, there are been made upon them, "and now in Japan 2,393 ewes and 977 when," he said, "we have done all rams, totalling 8,370. Of this the stateemes and the politicians number no less than 1,021 are wanted as to do we have been ex owned by the State, 569 are in tolled to the skies, and when we Kagoshima and 450 in the Hok-bave done what they do not like
SELLING. kaido, the rest being scattered in we have been consigned to the
T/T. und and unconcubinet. 3/11/4 small numbera over other parte shades. That is the way of enjoy Danand of the country.
ing all the light and abadow of 30 d/s. life."
60 d/s Lately the Prees seemed to be 4 m/8....................... The Shangbal Markets.
onder a special cloud in the eyes TT Shanghai.. From the N. C. Daily News of of many. People must remember T/T Singapore April 27:-Piece Goods- & blank the Defence of the Bealm Act, TT Japan week. Some put the blame on the which had destroyed the ordinary T/T India.r and Demand, India...... Premier's visit to Hankow, on the relations of Government
"You TT San Francis- 7414 kground that it will either end the Press in time of pesos.
co & New York unpleasentree in the apper must," be declared, "have T/T Java....... 156% Yangtze valley or stir things ap abnormal relations between the TT Marks. Nom. worse than they are. Anyway, Government and the Press in T/T France............ 4.26- there is no demand for cargo from these times or there would be no Demand, Paris....... 42644
and district
BUYING. Changsha means of keeping the country
3/24 ****** 3/27/2 3/316
that
EXCHANGE.
BUILDINGS.
SUN LIFE KEEPS GROWING THE results of operations for the year 1917 show a continuance of the notable expansion that has mark- ed the career of the Sun Life Assurance Company of Canada, In Assets, Income, Surplus, New Business, and Total Business in Force substantial increases are recorded over the corresponding figures for previous years.
3/194
3/14
3/174
3/2
Nam.
****** 134
14212 Nom
RESULTS FOR 1917 Assets at December 31st 1917...
Increase over 1916
Nom.
Cash Income....
...
Increase over, 1915.
New Assurances issued and Paid for in Crash
Increase over 1916
Melbourne:
| 30 d/s. 8an Franc-} isco &New York!
7534
4 m/s. Marks ... Now.
4.46
dealers bere, having given ap together. And by that principle | 4 m/s. L/C, 4 m/s. D/F. hope of shipping, have been all questions must be judged." eelling, in Consequence of As to particular persone, he 6 m/s L/C...... which blacks bave fallen wondered whether it is realised 30 d/s. Sydney & 3/346 cf. The only strong feature of that there is not one demcoratio this week'e suctions was greye, for country in the world where newe which there was a slight demand paper proprietors and journalista for Ningpo, in spite of the fact received lean recognition then by 4 m/s. Franes ...... 441 that Japanese bave been cutting the Government of this country. 6 m/s. Francs ...... prices again; otherwise prices In France, M. Clemenoaan was a Demand, Germany..*** were steady under an extremely jurnalist for many years, and Demand, New York. 7496 moderate demand from nearby stepped straight from the journa- T/T Bombay -
Nom. pointa The North is still silent, liste desk to rake the government Demand, Bombay... and in f.ot the whole of bie country in its sternest TT Calcutta piece goods market may be crisis, America had made Demand, Calcutta... Nom.
Demand, Manils ... 149 described as stagusat. Quanti-point of choosing as its ambiæsa- Domand, Singapore. 134 ties were kept down to the fixed dors, journaliere, whether pro-On Haiphong 14% prem minimum at all three auctions prietcre or simple writers. Heonly On Saigon
1% prem. and there is little probability that wished that the example of France On Bangkok ...... 4914 xfferinge will be increased while sud America could be imitated Bovereign
6.30: Nom present-uninteresting conditions by this country, for the sooner it Gold Leaf, per oz... 44.80 obisin. Yan-Esme és piece is the brighter will by the Bar Silver, per oz.......... 49% goods--absolutely fit. Local prospects for Anglo-American SUBSIDIARY COINS yarns weakened, following Sam-relations,
༄”
DISCOUNT PER $100:
'kong 5 cta sub. $1.00% dis.
10
T7
50
pin and American cotton, and "The patriotic Press," he "slood betwren the prices are about Tie, 10 down on added, the week for local and Japanese country and sorrender, and just epinning. A few resales, bat nose the problems of war eurpassed firet band business reported. In in complexity everyone's anticips Canton 20 dian yerne aleo doing nothing tion, so would the problems of sad prices have weskooed a teal pesos surpass in magnitude and
раг.
1.50% dis.
6 % a
or to while Bombay remaine difficulty everything which im- due to newspapers for the saccess Tie. 10 higher than Shanghai, agination could conceive, and it fal manner in which, despite No news from India. Cotton: would require all the restraining anexampled difficaltier, they had Also quiet and dull with nothing power of the Prees to stand then carried on during the mer. doing and everyone gueening än between suoroby and peace, as it A notable programme of music, to the effects of the proposed now stands between the country arranged by Mr. Herman Klein, American legislation for price and defeat."
added to the success of the gather ing, the artiasa being Mr. Robert
firing. Thie, however, can hard- Sir George Riddell replied to
ly have much effect one way or the toast in a short speech, which Radford, Miss Sibyl Estoo. Mier the other on the local ate ple mar was greatly applauded. He plead- Felice Lyne, Mr. Vladimir Rosing, ket, except that what white cottoned for better conditions, for the grd Misa Mabel Botland.. the farmers are still holding may underdog in journalism. Whether
The special conference was held
be attracted to market on a de in journalism or any other sphere, to consider the question of eateries cline. Prices remain steady, men of education, yet underpaid, and status of jarvalists. The Gannies.While Calcutts quotes were bound to be one of the acceptance of the Council's re for 21 lb. Blaestripe at Rs. 607, greatest dangers to the State. To commendations, which set ont s etill the local goony market remedy that was the interest of sale of salaries according to the remains anoberged, the nominal all concerned in newspapers, grade of newspaper, recognized -quotation being Tia. 235 whether proprietors or others. A forty-six hours' normal mexin Silk The past week has been one who bed been officially a link a week, and suggested a Whic very quiet in silk slan, although between the Government and the ley Council for the swapsper prices are well maintained, The Fres. during the struggle, ir industry, we moved by Mr. "elezmer " leav og for Marseilles George recalled that the Garvin, esconded by Mr. Spring direct carries a large cargo which Press since the outbreak of field. The latter said that for the Will relieve for quite some time war bad doyally dong sa lost ten years they bad bre
the valas working at getting wages into the sourcity from which the amount of work European markets are suffering. of which no one had vantured to ecmething like abspe. The action The Japanese market has shown impagn. He instanced the work of the National Union of Journa Considerable strength with large of the war correspondents, and liste, in moving in the same Bettlements for Americs, and the maintained that, on the whole, direction had also helped. feeling renerally is much more when personal issnés
were The recommendations were.
...Gold $90.160.174,00
Assurances in Fores st December 31st, 1917.
Increase over 1916
Frofits paid or allotted to Policyholders
Increase over 1916
Profits paid or allotted to Policyholders, in
.past five years
-7.211,178 00
19,289,997.00 789,806 Su 47,811,567.00
3,039,270,00 311.870,945.00 .30.436,248,00 1,560,19.00
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 annum:
For 12 Mentha 41% per annu
LOOK POON SHAN,
Chief Manager,
BANQUE INDUSTRIELLE
DE-CHINE.
BANKS
HONGKONG & SHANGHAI
BANKING - CORPORA-
TION.
Paid-up Capitai. RESERVE TUNDAF
Sterling
£1,500,000 at 271
$15,000,000
Silver... $19,500,000
Besarte Liability of
Proprietors
$4500 000
..$15,000,000
COURT OF DIRECTORS. Bont Mr. P.E. Hoirs Chairis am G. L.M. Edhina, Esq.-Deputy Chalonia B. E. Dodwell, Bag Wateradas, in,
F. Gabbar, de JA. Plummer, Kag Hou, Mr. D. Landale. Fan. Mir: K. Shalin 27. D. PRIT, K
**OBER" "MASASIN
Bongkang.M. J. Stakk, Hon.
MARADER
Stangkal 4. Q. Stepden, Eag London Brers-London County sad Westminer Bank, Zdmětud.
Hongkong-Interest Allowed Į
On Currant Accounts i then of 2 pm čruk- 1
SERER OG the daily balanon, VA
ON PEAD DEPOSITS, For 1 months, 11 per cast, paź RENUN For mouths, 39 per cent, jeż znova.
or re-months, 4 per cent, pel summa; N. J. STABE,
Chish Manager.
KONGKONG SAVINGS BANK
Subscribed Capital France 45,000,000 FET Helben of the abort, Rich, & cheer by
Paid up
- 12,500,000. (95 of the Capital, La Francs 13,000,000 subscribed by the Government of the
Chiress Repubile.} ~** #Chairman of the
Board of Directora André Berthelot, General Manager
A. J. Pernotte. HEAD OFFICE:
74. Rue Saint Lazare, PARIS.
RRANCHES
SHANGHAI
TIENTSIN
HONGKONG
In
PEKING
SAIGON HAIPHONG YUNNANFOU
· "BANTERS; FRANCE...Société Général pour favoriser le Developpement du Com- merce et de l'Industile en France LONDON. London County & West-
minstes Bank, Ltd.
NEW YORK.Redmond & Co. Correspondents in the chief commercial.
centres of the world.
Telegraphic Address: CHIBANKIND.
Interest on Current Accounts and Fixed Deposits in Local Currency and in' Gold. Terms on application.
L
Every description of Banking and Exchange business transacted.
Special facilities for French exchang 8.
M. ROUET DE JOURNĒL, Manager.
HONGKONG BRANCH,
Queen's Building,
5, Chater Road.
NOTICES.
NOTICE
Tel: 2440:
PEAK THAMWAY CO.
LIMITED..
TIME TABLE.
119,488.00
5.924,963.93
Total Payments to Policyholders, 1917.
Payments to Policyholem since organization Aste held for Policyholders...
8,840,245.00
$60,094,316 90,160.171
10,00 M
15 200
EU AM 10
19 MO
Premiums received since organization
$159,254.490 153,361.926
5,893,264
1.1572.3 2:40 PAL
18,550,701.00
་་་
Payments to Policyholders and Assets held for them excredi
the premiums received by a Undivided surplus at December 31st, 1917, over
all abilities including capital..
THE COMPANY'S GROWTE
1897
1897-
1907
1917
YEAR
INCOME
48.210.93 | $
477.410.63
2,238,804.74
£249,238.25
ASSETS
LIFE ASSURANCE IN FORCE
96,461,95 $ 1,313,504.48
7.3223TIAN
26,488.593.15
1,064,250.00 10,875,777.69 44.983,796 79
111 135.694 38
19,224,997.684 90,140,174:24 | 311,870,845 71
The Company takes the opportunity” of thanking its policy- holders and the public generally for the continued confidence and goodwill of which the above figures give such strong evidence..
SUN LIFE ASSURANCE® COMPANY OF CANADA HEAD OFFICE FOR SOUTH CHINA A
1871
·
1917.
12. DES VŒUX' ROAD, CENTRAL, HONGKONG,
F. M. WELLER, MANAGER
C H A M
C
P
E
A G
E
As originally supplied to NAPOLEON The Great.
The genitý "of the wise will at once 'commend it to the most criticat SOLE AGENTS FOR CHINA:
ballien than for some months, eliminated, a great tribute, was with minor exceptions, accepted. H. RUTTONJEE & SON, CURS
HOAD.
$167,2
KIG.X.
1.30.X
BIGES CABE.
ones has prev fra gere
113gbe, avary half bosa. "
LEAF YU NOI ZLAD PR
every darter'ol sa boer
20:30 2
12M Noon Bacon se 100 m
1.00 2.3. O 1.30.3.
8.4 P. 10P.M. 1
1.00 13.30
TIGAY KA2 as es Wank.
SATURDAYE
extrs Carl Midnight SPECIAL CARE
14 M
By Arrangement at the Genipany's Oflas
Alexandrs Buildings, Der Vorts Bod
→ Besson and ranch nakou svačable, for a |anes mal straady full, ruaning na tho the stated in sine Gonapany's mano sabies, but not for specia BREA, DEM be obtatred on Application al the Deśmpany's Office --Bo Belts Hicket win de strand made payment therefor bar bear fan Duke hand or by Chegan or Compradors
cudat zegrating Boaz Beton"
JOHN D. HUMPHREYS & CO
E
i
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up...$1,250,000.)
Leena on Wortgage of Honas Property, but Godt csired on Berser
brander made on Marchandis. Gésar mača vn the Provident Synest
TLUSTER, MIRDITOR OF UZLA APTORMER, Jn. Undertaken med Jalat.
SHEWAN, TOMES & CO.,
General Managers
ABTIN'S
APIOL & STEE
SEDPILLS
MON ING., All Czezalako mal. Thorva
MARTIN'S CAPIOLASTEE
Bank, conducted
CORPORATION,
Rules may be obtained on applicatiomi
INTEREST on deposits is allowed on the same- Imum monthly balanowe at Bjå per teen, par LABEM, Depetitors may transfer, at their option, balesc of oo or more to the Hongkong and Shanghat : Bank to be placed on TIED DEPOSIT
(cent, per sea IKA
100.
For the Hongkong and Changbai Banking CorpscHA
N. J. STABB,..
Chief Manager.
THE CHARTERED RANK OF INDIA, AUSTRALIA AND CHINA
$
Incorporated by Boyal Charter 1836
HEAD OFFICE:—LONDON, PAID UP. CAPITAL 1,900,000", RESERVE FUND
£1,900,000
REHNEVE LIABILY OF
PROPRIETORS
1.300.000
POREIGN EXCHANGE --ẻ General Banking besine tresached, -- CURRENT ACCOUNTS opazeć nad YIZED DEPOSITS received for 1 year or sporter periods, at rates which will be quoted an application.
T. C. DOWNING,
Manager. Hongkong, 11th April, 1912.
THE MERCANTILE BANI 03, INDIA. LIMITED.
Head Office 15, Gracechurek
Street, London. Authorised Capital ...... £1,500,det Bubscribed
Paid Up
| Reserve Fund
14
BANKEXX The Back of England -The Lesson folat Stock Bank,
TRANCHE
Bombay
Calcutta
Colesbe
Dethi
Galle
Hotgkesg
Howat
Kandy
Port Louis (Martin -
BONGKON
· 1,125,000)
Kanchi
562,504 650.000
Kota Bhar Kidla Lamps'
TORI
+229
karbal
Every description of backu, and Zachangs business transacted.
interest allowed on Current Accounts at gloer ques per ranus on Dally Balances, and an Fluid) Delet st rains wilch may be secartalned on appilation
C. CHAMPKIN,
Acting Manager.
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
15. Wall-St., Kew York
LONDON OFFICE:
Bloopsgate, E.C.
CAPITAL & BURFLUS UR. $6,500,000 UNDIVIDED PROFITS UR $1,715,491
U.S. #8,113491
BRANCHER gün -
BATAVIA LONDON BANTU DOMINIS. BUMBAY MANTLA SAN FRANCISC CALCUTTA MEDELLIN SANJAGO MANTON N PANAMA
DE LOS
* CABALLERO PUERTO SHANDHAIN BANKOWPLATA. SINGAPOR HONGKONG JAN PEDRO VIENETIN. SZÖDE VIE DE MACORIA YOKOHAMA,
nybevághTM, it's closnation
with
| MASTORAL CITY BANK OF NEW YOLE the Bank is able to užserts Seniors of) th Braches, of that, Institado la Cats South |America, and aburulma themedy
BARIA,A BUENOS AIRES, A GARAGIAN GINDA, BAYANG, MONTEVIDEO. MOSCOW KIO DE JANEIRA SANTIAGO & DE CUBA SANTOS,6%. KIGGE SPAULO, PETEDABAD VALPARAISOTNI
All kinds of FOREIGN & LOCAL BANKING BUSINESS tracted.
CURRENT. ACCOUNTS apenad, and: Fe43) DEPOSITS Tierivač ni putastó he nacertaleać application.
GEORGE HOGG,"
Manager
Hongkong, 26th September, 1916
THE
YOKOHAMA SPECIE BANK
LIMITED.
Established 1880 Authorised Capital en 48,600,000 Paid-up Capital. 36,000,000 Reserve Fur
23.100,000
Fead Office-YOKOHAMA.
Bomber.
Changeran.
London
San Francisc Shanghai
Newers ang Sew York!
Poding
MR & Sorrabaya Pod
Tokyo Trincip
Rangoon
Taingtss
forrent allowed on Current Loscurie. Depestis Íscitveðfor sized perioda až rates to be costlied
EISHI ONO, Manager. Hongkong, 11th March, 1918.