1920-05-19 — Page 2

THE CHINA MAIL.

"CAPSTAN"

LAMMERT BROS.

לה

AUCTIONEERN, APPRAISERS

AND SURVEYORS,

Public Auctions -

THE Undersigned have received in- structions to sell by Public Auction,

ON

THURSDAY, May 20, 1920.

FI

Commencing at If' mm.

at their Sales Room, Duddal Street,

(For account of the concerned)

10 coils Steel Wire Rope,

80 sacks. Flour,

1 case Colton Yarn.

more or less damaged by sea-water)

Tame :-Cash on delivery.."

LAMMERT BROS...

Auctionsors

Hongkong, May 18, 1920.

INTIMATIONS

WE HAVE

Just received A New Supply of

WAR and ARMISTICE

STAMP3.

Many varieties and values of

NEW EUROPE

CATALOGUES and ALBUMS

for sale.

GRACA & 00.

No. 10. Wyndham Street, F. O. Box 830.

Hongkong:

JAPANESE MAKERS,

MEDIUM STRENGTH

CAPSTAN Navy Cut Cigarettes.

LO.WILLS.

10 CIGARETTES &MOUTHPIECES.

CAPST

Navy

Cut

Cigarettes

O.WILS

Navy Cut Cigarettes

"CAPSTAN Tobacco for the Pipe.

ACKNOWLEDGED BY THE CONNOISSEUR TO STAND

ALONE PURITY AND CHARM OF FLAVOUR.

WEDNESDAY, MAY 19-1920) »

NOTICES.

G. FALCONER & CO., LTD.

WATCHMAKERS & JEWELLERS.

Hotel Mansions:

| Agents for ›—— ADMIRALTY CHARTS,

ROSS'S BINOCULARS and TELESCOPES,

KELVIN'S NAUTICAL · INSTRUMENTS,

BENSON'S ENGLISH WATCHES,

ENGLISH SILVERWARE, direct from · Manufacturers, High Class English Jewellery,

HEALTH against

BIOKNESS.

By taking our "ROOSTER BRAND” MACARONI, PASTE STARS, EQG-NOODLES, VERMIQBULJ, or other kinds of Boop Stuff REGULARLY you will have no complaint of any kind of sickness se all our Products being manufactured from Flour of the Best Quality and under the most Sanitary Method can be only digested and give you &-OOD HEALTH & STRENGTH.

Large quantities have been exported to vacions parts of the World. Your esteemed Orders will rexdre our prompt and careful attention. Terme moderate, especially for Agencies.

PRADE MARK.

THE HING WAR PASTE MFG. CO. LTD. HEAD UTPICE: Hongkong, Nos. 47 & 48, Connaught Road Central. Tel No. $290. BRANCH OFFICE : Shanghai, Nos. 433 & 431, Nanking Road, FACTORIES: Hongkong. Wing Hing Street, Causeway Bay and Shanghai, No. 7. North Soochow Road.

JUST ARRIVED

Ladies' Trimmed and Untrimmed HATS for Summer Latest Style. Prices to suit all pursen. POHOOMULL" BROS.

TELEPHONE $468.

35, QUEEN'S ROAD CENTRAL

до

THURSDAY, May 20, 1920,

commencing a 1 a..

at their Sales Rooms, Duddell Strees.

5 bales Grey Shirting,

10 ks Soft Soup,

135 tins Maisone Salmor

Distemper.

Pink

138 tins. Maisone White Distemper,

76 time Maisone: Light Green D-

temper,

21 bags Peanuts,

7 packages Sweets,

cases Pearl Barley,

150 cases American Bar Soap,.

20:

Washing Soap.

Marmalade Jam,

4 Fine Apples.

A

Sliced Pica Apples--

199 tins Dye Stoß,

5 cases. Pickles,

4 drums Bright Red Aatifouling

Tains,

4 drums Bright Red Anticorrosive

Pain't,

4 cases. Jelly

10: cases Kolts,.

5 case: Lead Pencils,

Terms-Cash on delivery,

LAMMERT BROS.,

Auctioneers.

Burgkong May 18, 1930.

! ox

FRIDAY, May 31, 1920, commencing at 11 am.

at their Sales Rooms, Daddell Street (for account of the concerned) 1717 bags ANTIMONY ORE

(Stored at Kowloon Godowpe). 1730 bags AN TIMONY ORE

(Stored at West Point Godown).. (total weight 37 12. picais). Inspection orders can be had from andaraigued.

Terms -Cash on delivery.

LAMMERT BROS,

Auctioneers..

Kowloon, May 13, 1940.

OD

-W"DYESDAY, May 26 1820,

commencing at 2:30 p.

81 No. 48, Lyndhurst Terrace,

A Quantity of

-Valuable Household Furniture,

>

Comprising :--

Teak barstand. plash covered draw. ing mom eniten, fine engravinga water colours, occasional tables, brocze figurea brass flower pots, brass & beras mounted fenders, white lace curtains, carpets,

tura, etc., atc.

Tesk extension dining table, dining abairs, teak sideboard with bevelled mirs, teak dianar waggon, marble clock, leather covered armchaira, tenk Overmantel with bevelled mirrors, braan electric standard lamp, electric fistinge,

etc.. sic.

Glam, Crockery and Electro-plated Aware, Household linen, etc.

Double brana bedsteads, teak double wardrobes with bevelled glass dooze, teak marble top bureaux, marble & tiled wasbatands, ladies' desks, uphol tered couches and eary chain, toilet actory, Japanese ilk embroidered

creens, elc, etc.

Bathroom, Pantry and Kitchen Requisites.

Also

A Flue Selection of Canton

Blackwood Ware,

Comprising:

Marble top and round tables, rmchairs, flower stands, stools etc.

And

Two Kastner Autopianos, (Pianos

Rachals)

One Cottage Piano by Farrell & soudge.

Five electric celling fans,

Pour electric table fans,

One Enamelled bath,

One Baldwin" Refrigerator, One Chubb's Combination safe,

view from Monday, the 24th,

ne will be issued.

LAMMERT BROS.;

ctioneers 1920

NIPPON

Every kind of Footwear

MADE

TO

ORDER

CHERRY &`ud.,

PESONA ETRADT,

Hongkong flori. Telephone No. 491.

Hongkong, Yarch 20, 1914.

THE NEW FRENCH REMEDY,

HERAPION N01

THERAPION NⱭ2 THERAPION NĚ.3

Ha. 1 for Bidder Dalayya No. 3 for Blood BİR DENEGAL.

SKY TRADE MARLED WORD "TAKIP 10 O

LTY, BOTT.STANK AFFIZZO ~ **** >> E PASKETE

THE CLEANING OF SUMMER FROCKS is an important matter and we make a speciality of "refinishing" light Frocks and Costumes so that they keep clean longer than when treated by ordinary methods.

re-

Our processes are thorough and reliable. Our facilities, and sources enable us to carry out all work quickly and our charges are really reasonable. Write for Price List and See!

The Diamond Dyeing and Drying Company.

Agent

CASSUM AHMED.

Draper. 32, 34, Wellington Street.

28. Nathan Road, Kowloon.

'Phone 1462.

ASAHI BHEE

PILSENER BEER

SRAND PRIZES A]

ASAHI

SAHI

BEEF

LAGER-BEER

COMPAN

MITSUI" BUSSAN - KAJORK

{ XXXXX KLITEŢI FILEIL,

Packed in Tins of 50 and packets of 20 & 10 CIGARETTES.

ALSO-

MAGNUMS

in AIR-TIGHT tins of 50 Cigarettes.

This Advertisment is sword by Eritish-American Tobacco)Úc, (Chitin) Lai,

CHARTERED BANK OF INDIA, AUSTRALIA AND

CHINA.

The sixty-sixth ordinary general meeting of the shareholders of the Chartered Bank of India, Australia and China was held in Lordon, on April 9, Sir Montagu Cornish Turner (the chairman) presiding.

The Chairman said: I have to apologise for the absence of my co- director, Mr. W. H. N. Goschen, to day. He is taking a well-deserved holiday after some very arduous work during the past few months. I am sure we all congratulate Mr. or, as he is now, Sir William Henry Neville Goschen, on the bonour bestowed upon him by His Majesty the King in recognition of the extraordinarily good work he has done during the war, and also lately

Before

Further cause of trouble has been A PERIOD OF UNUSUAL ANXIETY. There is, of course, the possibility the very serious delay in the trans of a setback in trade after the urgent mission and receipt of cable mess and immediate world-wide demands ages. In some instances ordinary for raw material and manufactured telegrams between India and the Far goods have been met. The political East and this country have occupied situation all the world over, and fourteen days in transmission, and especially in Central Europe, is unthe average has been about seven

High prices of foodstuffs settled. have caused general discontent, and the demands of the wage earners are apparently still unsatisfied, so that the immediate, horizon is somewhat gloomy, and the top-heavy prices of raw material, such as cotton, and manufactured goods, are a menace to bankers and to traders alike. We may have troubious times ahead, but, in spite of all, I look forward with con, fidence to the future if all classes, especially in this country, unite to deal fairly and squarely with each other. Touching the results shown for the past year, I am confident that shareholders will fully appreciate

HOTELS AND CAFES.

THE HONGKONG HOTEL CO., LTD.

OPERATING S

THE HONGKONG HOTEL,

HOTEL MANSIONS,

THE REPULSB· BAY HOTEL,

J, IL TAGGART,

MATASTE.

THE PEAK HOTEL.

15 Minutes from Landing Stage, Under the Management of-

Mrs. BLAIR.

KING EDWARD HOTEL

CENTRAL LOCATION.

days. The loss to the mercantile 1,500 Feet above Sea. Level, community, including the banks, owing to these deplorable delays, car scarcely be estimated. I am glad to say that within the last few days there has been an improvement, and we are getting messages through more quickly. The report and re- commendations of the Currency Com mission, to which I have already alluded; have, on the whole, met with general approval. Some of us may of fixing the standard value of the have had ourivicwaastothe desirability rupee at a figure somewhat lower than that recommended by the Com misson, but the reasons given in the report in favour of the 2s. rupee are fairly convincing. The ultimate decision has been arrived at, I fully believe, with all due and sincere regard for the interests of India as a whole. The most important object in which we bankers are concerned

as Chairman of the Bankers' Clearing the excellent services rendered by the House Committee. It is an honour staff, both at home and abroad, whose loyal and devoted labours have con which he has well earned. moving the adoption of the report Itributed so appreciably to the success would draw your attention to the we have won. For the managers, statement of accounts for the year especially those at head offices, it has been a period of unusual anxiety 1919, which shows that there is now a paid-up capital of £2,000,000 in and harassment. The unprecedented 100,000 shares of £20 each, and a fluctuations in the price of silver and reserve fund of £2,900,000, which, if gold have been very remarkable, and the recommendations of the Court of the volume of business which fell to Directors are approved of to-day, will the lot of this bank in connection amount to £3,000,000. This may with the financing of exports, raw be considered a highly satisfactory material, foodstuffs, etc., required for position; but of course, it is always patiosal purposes, has been far above You will the average, and the demands on the capable of betterment. also notice that in nearly every iram resources of the bank have been at f the balance sheet there is a marked every point far in excess of the In current and other ordinary. During 1919 the price of punts we have an increase of nearly silver rose from 4798. per oz. to 79%d. 00,000; fixed deposits are larger per oz., a rise of 65.70 per cent, and gold, when the restrictions on its $2,600,000; acceptances

double; loans payable are movements were withdrawn in the 1 by over 200 p.c.; and cash

'rease,

£12A-

by almost încreased

Band

A

improved p -The Total a

the balance à

of £20,000,000

1916: Looking

of the last sixty

are

the stability of the rate of ex change. A fluctuating value causes source of speculative and unsound endless trouble and anxiety, and is a trade. The decision to give the Goverment of India a free hand in the offer of reverse councils in India as to the wisdom of the Committee is sound, and there can be no doubt in insisting upon the convertibility of the note throughout India and in the free import and export of the precious metals,

INDIAN BANKING DEVELOPMENTS. The proposal for amalgamating the Presidency banks in India under

fall of the year, commanded a pre-the title of the Imperial Bank of

EXCHANGE DIFFICULTIES.

nd at bankers shows an mium of 43 per cent.

sition of about £4,600,000.

Of course, in other parts of the tries on either side of heet show an increase world, not only in the East, the over the figures for fluctuations in exchange have been back over the period extraordinary. The Hongkong dollar, vears, it is interest the Chinese tael, and the Indian 1860 the capital rupee have all been jumping about, at £644,000, and so that you never know where to at £5,000, catch them. Look at the American

lig to find that it

of this Bank stad

the reserve fund

•In 1880 the capita.

Increased to £800,00 reserve: fund to: £190,000 the capital still remained at

but the reservë fund had. A to £525,000. By 1910 the

India à one that has attracted a cos siderable amount of attention. While regretting the partial disappearance of the individuality of the Presidency banks, it seems to me that the move ment for amalgamation is fully justified and is unlikely to be pre judicial to the interests of exchange banks in India, always provided that tire present intention of not competing with the exchange banks in their or dinary business of exchange banking is fully and honestly adhered to. The Presidency banks have always been the beakers of the exchange banks

1 had been exchange, which even to-day shows

and the that the dollar is worth over 5s

In 1900 compared with its ordinary value of £500 000, about 4. Look at France, where the ncreased franc. is worth a little over 4d,

capital Germany with a mark worth 1d The most good feeling and good. 10.000, not quite that and Italy with the will have prevailed, and I should 1000 lira at 24d. Of course, Austria is greatly regret to see any interference 00 imply unquotable,'her current coin with the harmonious working between lly worth less than id. I mention the Presidency and the exchange those facts to show you the difficul banks I notice that one of the cos tien that exchange bankers have to ditions of the setting, up of contend with and the absurdity of Imperial Bank is the opening of s eople thinking that exchange bank- large number of sub branches.

means simply caining money: it in various parts of Indi very often the reverse. In Any measure which tends ion to this we have other to encourage the development of ties. There was the uncer banking in India, the attracting of as to the ultimate standard deposits from the public at large, and the rupee measured in gold the gradual cessation of the unproft- on the report of the Babing able system of hoarding can only be

Currency Commission.

had been increased to £1,2 and the reserve; fund to £1,50 In 1920 the capital stands at £2.0 000, and the reserve at practica £3,000,000. The progress has bee steady and consistent, and if we carry. boss hitherto on the same cautious and dircumspect lines, always alive to the possibilities of fresh business and always desirous of meeting our cris tomers requirements and of treating addi old friends with all possible con difficu sideration, I have no doubt that in rainty the years to come the business of value of this bank will extend and the reports following will show equally gratifying results to Smith

(Continued on: Fage 3.)

LL ELECTRIC TRAMS Pur Entrance, Electric Lifts, Fans and Idghting A Europesti Baths and Sanitary Fittings, Hot and Cold Water System throughout Bart of Food and Service.

Talephone 373. Telegraphic Address :--2 VICTORIA.".

J. WITCHELL, Manager,

PALACE HOTEL

KOWLOON.- ...

(Two. minutes from Etar Ferry)..

Becently renovated and rafurnished, electris light and fans, throughout and entirely under new management. Onisina under the personal supervision of the proprietor Bar and Billard Rooma. Tarm mieste. Special berat ko families on appliation to

J. H OXBERRY, Propriator

"

Telephone K. 3. Telegraphis Add: "PALAIR"

CARLTON HOTEL,

(SEE ONLY AMERICAN BOWIE IN DER COLONTĄ ION HOUER STELIT.

Under American Management. Nice and galet you only a few minazion walle from the Banks and Central District 43 Bedrooms, Broellent Calais, scrupulously aleas. Moderate Terms Monthly and Family Fates on application to the Proprietress. Launches meet Fagur Boats.

Maa, F. R. GAMERON, Telegraphio Address “CARLTON"

1.

BLUE BIRD

IUF ORNAM PARLOUR

AND CONFECTIONERS

Tel. No. 3028]

Tradies.

Bada

CHOCOLATES. Pisin Sweet Vandia Obcoolat. Home-MadelAmorted Che Hendere Rastie's"kad Bönde

Chocolate California, * Stas

3 chp L

Imperial Coena, má cca per l' PABY Untimedelti: Erankfurt Cocos”

BOSTON CANDY STORE OFFort 2x2 ROYAL THEATRE.

CALL:RETWELS : ACTS. TELEPHONE ORDERS FILLED..

TANG YUK, Darra

Ahe late SEEM TING, 14. Dágutas „ŠTRENT, TERMS VERT: MODRIATE Consulation freag

12 Queen's Ed. C.

Cigari and Cigaretten

FRENCH LESSONS

MOUSSION

值