1924-01-23 — Page 9

WEDNESDAY, JANUARY 23 1924

Just Published Dec. 1923,

Practical Guide

Far Eastern Exchanges

遠東滙兌實用大全 By M. Bouleau

PUBLISHERS-

LA LIBRAIRIE FRANCAISE

TIENTSIN-PEKING

Price Dollars Ten ($10.00) Contents

CHAIN RULE

ABOUT THE EXCHANGE

Direct exchange.

Settlement of a debt.

Recovery of an indebtedness;

Definition and usual terms.

Exchange rates.

Rates Quotations.

Two runners of quoting rates. Parity.

INDIRECT

Indirect parity.

Discount and Premium.

Relative pac.

Overbought--Oversold.

Exchange Loans.

Buying and Selling Rates.

Favourable

and

Discount rates.

Exchange,

Unfavourable

Gold Exchange Standard.

Gold Point, Silver Point.

Exchange operations in respect of

delivery.

Exchange oporations in respect

uancen.

Exchange Position,

TO CONVERT SAIGON

PIASTRE IN PARIS

To convert etg. into Piastres. Rate Quotations and Usances in

Saigon.

Nature of operations.

+

Operations with France, Lon don, Singapore, Hongkong, Munila, Japan, Java, Hai- : phong. OPERATIONS IN GOLD

DOLLARS

Saigon operation,

Exchange Quotations. Saigon Quotations.

Purities in Saigon.

Local Loans. Local Loung

SINGAPORE (STRAIT

SETTLEMENTS)

Singapore rates. Rate Quotation.

Parities in Singapore..

INDIA

Indian Banks, etc.

of

Parities.

Bombay Quotations.

Results of principal exchange Java Rate Quotations.

DUTCH EAST INDIES, JAVA

operatione.

Usual Parities.

Sales for cash against purchases for THE PHILIPPINE ISLANDS

cash.

T. T. against TT.

T. T. against sight bills.

Sale of T. T.

Purchase of eight bills.

Manila Rate Quotations. Manila Paritios. HONGKONG

Hongkong Quotations.

T. T. against Bils at X days or Hongkong Parities.

X monthe.

Sight Bills against T. T.

Sight against sight,

JAPAN

Japanese Coinngo.

Sight against X days or Xouths. Exchange Quotations.

Parities.

X days (or months) sight against

T. 1. sight or X days (or SIAM

Bangkok Quotations.. months) sight page. Sale for cash against purchase Gold Parity.

forward.

CHINA Sale of 3 m/s drafts against T. T. General observations.

delivered in three nonths.

Shanghai, Sales forward against purchases Haikwan Tael,

forward.

Difference in weight and Fineness -Bales forward against purchases for of various dollars encountered

cash.

in the

Factors of variability of exchanges.

Commercial Movement. Invisible Import and Export. Banking Operations.. Currency Influences.

Various Lufluences.

lailuence Crises.

EXCHANGE CONTRACTS Sperimen of Exchange Contract. Exchange Opolations Book. Position Book

Clients' Book. Gold Operations Book. Auxiliary Book in gold. Auxiliary Book in

Hongkong Dollars, Tientsin Taels, Shang- hai Taels, etc.

Control of the 1txchange Contracts.

Posting.

*Doliveries. Checking

Position of Exchange

various places.

Weight and fineness of some Taxis

and Dollars.

Parity between Kungfu and Hang

ping Thela.

Appraising of silver,

Taels used in different provinces. Exchange operations in Treaty

portą.

Shanghai Rate Quotations. Shanghai Taols Parities. Comparative Table of Parities.

Tientsin

Tientsin Rute Quotations. Conducting of Trade in China. Compradore. TRANSACTIONS WITH

SILVER AND GOLD BARS Silver quotations, in the United

States:

Delivery- Commission,

Pro-formin Notes of Purchase.

on Pittman's Act.

Cancellation of Contracts and

Compensation.

Carrying over of the Contracts.

Position of Exchange.

Bookkeeping Entries.

Arbitrages.

Settlement of a Debt. Recovering of an indebtedness. Covet.

Equivalencies necessary for enicula.

tiona.

Coins and Weights in various coun-

Brigs of the Far East.

India.

Ceylon.

Straits Settlements.

Ritun.

Jave

Saigon (Indo-Chino). Pluipping Islands.

Hongkong.

China

SAIGON

Saigon, Piastre.

IMPORT OF BAR SILVER

FROM LONDON

Bar Silver in India.

Gold bars.

China.

Varieties of Gold Ba..

BANK OF EAST ASIA-

LAST YEAR'S PROFIT:

$850,000.

The 5th annual report of the Bank of East Asia, Ltd, will be presented at the ordinary yearly meeting of the Company to be held at the Company's Registered Office, No. 10, Des Voeux Road Central, on Saturday, February 2. The report states:-

The profit for the year including $138,837.16 brought forward from last year and after deducting all expenses amounts to $850,103.50 which the Directors propose, to deal with as follows

To pay a dividend of $6 per share on 50,000 shares absorbing........$300,000,00 To pay a bonus of $2

per share absorbing... 100,000.00 To transfer to Reserve

Funda To pay a bonus to Direc tors, Holders of Founder's Shares and the Staff........ To carry forward.........

250,000.00

THE CHINA MAIL.

WHAT

TRAVELLERS

SHOULDN'T

Cameras of all descriptions

OVERLOOK

Binoculars of all different powers

The name of GOERZ is Enough to Assure you that they are the BEST in the WORLD TAKE OUR ADVICE

It is Cheaper to buy here than in any part of the world. Obtainable in all Photographic dealers and from SHOW ROOM 30-32, Des Voeux Rd,, Căl

Telephone 3217.

DIOCESAN BOYS' SCHOOL

(Continued from page 8.)

Most of the great public schools In England, for example, could not carry on without the large endow ments which Parents, Guardians, Old Boys and Friends have be very great influence in the neigh queathed to them in the past bouring country; at present it Therefore I close this paragraph would appear to be the least effec- with an Appeal, and it is, in the tive Government Department words of the first Appeal I made whereas it could be the most for the School in the first annual 'powerful in general influence in report I presented in January, 1919 the Far East; in many ways, and I appeal to all Old Boys, to the especially in Education, the British parents of Old Boys and of boys' 61,689.94

people have not made that effectiva, at present in the School, to the 138,413-56) use of their position that other great business houses of this countries have done. A much Colony who profit largely by the $850,103.50 larger staff is needed, with sub results of the labours of boys from departments; one of these sub-a school like this, and I appeal to The directors have to record

departments might be useful for all men who have benefitted from supervising the publishing of suit the old Boarding and Day Schools. able text books at cheap prices in in England which were heavily Chinese and in English, for travel- endowed by our ancestors—to all ling and research work, and for the I appeal to come forward and help dissemination of British Trade now" with the Endowment and Catalogues in English and Chinese Building Funds in connection with and as general advisors to British this School. Business Houses.

with deep regret the death of Mr. Kan Chiu Nam, which took place on October 28, 1923.

The accounts have been audited by Messrs. Percy Smith, Seth and Fleming, who retire, but being eligible, offer themselves. for

re-election.

GAP ROAD SCHOOL,

LAST YEAR'S WORK

'REVIEWED,

The headmaster's report stated that the school was opened on 206 days as against 226 days last year. The average attendance of the whole school was 150 while that of 1922 was 103. The disastrous typhoon which visited the Colony in August, did considerable am- age to the school premises.

Fortunately the necessary re- pairs though not completed till the end of September, caused no interruption to school work,

The pupils had been much dis appointed since last year at not being able to make use of the commodious playground, at the back of the school on account of the same not having been turfed, or concreted. It was hoped that this work would be put in hand at an early.date.

year.

Extensions.

Y

I have one more subject to men tion briefly. There should be no limits to the Extension of Christian Education; we have heard much recently, for example, about the need of the Church in Nanning; the Church of England is doing no Educational Work in an important port like Swatow in this diocese and it is doing practically no work in the New Territories of the Colony of Hongkong,

"In the future honoured will be their names, and I can assure you that as a School connected with the Church of Christ all will be done to the Glory of God and for the extension of His Kingdom."

...

STORM IN A FLAT.

MUCH ADO ABOUT WATER.

Well- Stab-wounds in the back, chest established schools like this school and abdomen were inflicted on a might well consider doing licensed hawker at West Point definite educational work through yesterday, two of the wounds branch schools in various parts piercing the man's lungs. He of the tremendous Diocese of now lies in a precarious condition Victoria. Such schools would be in hospital and it is alleged that an excellent training ground for his assailant is a rattan-worker

Assistant Chinese Teachers who named Chow Foo (50) who has could be sent for short term since disappeared.

The wounded man lives at a flat service in rotation and the Mother Schools might be responsible for at No. 397 A, Queen's Road West, giving financial support where with his wife. The latter is said necessary, it is my firm conviction to have been embrolled in an that much more use could be made altercation with another inmate on of Chinese Teachers in educational Saturday over drawing water from and missionary work; in the past the tap, Chow Foo is mentioned the inadequate salaries or allow as having sided with the other ances have not encouraged the party and the quarrel led up to his best type of teachers and sufficient using a dagger on the hawker. authority has not been delegated to them. The advantages of short

service under a Mother.

CONSIGNEES

NOTICE TO CONSIGNEES.

WRAY CASTLE"

From NEW YORK

HALL LAW & CO.

Sole Agents in China.

GREEN ISLAND CEMENT CO., LTD. -

BEST PORTLAND CEMENT

SHEWAN TOMES & Co.,

General Managers.

HONGKONG.

SENNET FRERES

THE

COLONY'S BEST KNOWN

JEWELLERS

AND

DIAMOND MERCHANTS

HAVE OPENED THEIR

NEW SHOP

VIN

PEDDER STREET

(OPPOSITE HONGKONG HOTELĮ

COMPARISONS ARE INVIDIOUS. But the

HONGKONG PRINTING PRESS

stands for distinctive and high class LITHOGRAPHY WORK. We have removed to 6, Queen's Road Central, (above Bank of Canton). Kowloon Office, 1, Bowring Street. CONSIGNEES of Cargo are horeby The same personnel will serve you and that means 100% efficiency.

informed that all Goode are

During the months of 'January and February the school consisted of 4 classes only, leaving 2 class rooms vacant for want of masters, and on account of this, a consider able number of applicants for admission had to be refused. In term March, however, when the staff School are many.

The New School. was increased, 2 more divisions of Class 8 were formed, and since

We are glad to report that at then the school has been full. As last something definite has been

.by the Sub- done with a view to moving the EE Steamship recommended

the Board of School to larger buildings with Committee of Education, fire drill bad been

Jarge playing fields. The Govem regularly practised during the ment of Hongkong have definitely given to the School, on certain Discipline had been well main-conditions, twenty three acres of tained. In regularity in atten- land on three hills adjoining dance the school has been able to Yaumati Railway Station. 1 maintain its high position on the

About thirty nine thousand being landed at their risk into the Go- list of attendance percentage of square feet of the Old Site at down of the Hongkong and Kowloon Government Schools. They held Bonham Road, on which there has Wharf and Godown Company; Ltd, the 5th place last term and Ist. been a school since the year 1860, at Kowloon, whence and/or from the this term. This was the second has been sold at $11.50 per foot on wharves delivery may be obtained.

Optional Cargo will be forwarded time they have headed the list since condition that--we-vacate-the-site- such lists were inaugurated last in February 1926; the remaining unless notice to the contrary be given

number of square feet, about six, before 21st inst. བ་་.བར་དད!,, The results of the Annual Ex- thousand, have been sold to the No claims will be admitted after the amination have been very satisfac-Government for road improvement. Goods have left the Godowns, and all Goods remaining undelivered after the tory throughout; 150 boys passed at $3.00 per square foot, and iti 27th inst, will be subject to reat

addition the Government under- out of 165 presented, the percen took to build a large retaining

All claims against the steamer must age of passes being 91 as against wall to support the road. These be presented to the Undewigned, on or before the 8th prox., or they will not examined appeared to be Dictation sales will bring in about

'be recognized. sum All broken, chafed, and damaged B. & C. divisions of Classes 7 & 8. $95,000.00 have already been paid, floods are to be left in the Gedowns,

-year-оо

93 last year. The weakest subjects

and Colloquial, especially in the

Wantsal School.

4

of which $466,000.00,

No Fire Insurance has been affected. Bille of Lading will be countersigned

DODWELL & CO., LTD.:

Agents. Hagkong, 21st January, 1924.

It was most gratifying to men into the bank. As a result of the where they will be examined on the tion that the past. pupils of the Appeal for Subscriptions for 36th in at 10 am. by our surveyors school had continued to acquit Buildings there is a balance of Mosta. Goddard & Douglas.

the Bank and themselves most creditably In $50,073.94 in

$21,470,00 have been promised. ! The boys had taken as much Thus we can see now $537-543-94 Interest in sports as ever. Football for buildings. In addition we has been their most favourite pas Endowment Fund and $20,000.00 bave nearly $17,000.00 in an General Remarks on the Gold in done. The Government District

Schools Sports were discontinued in Reserve Funds. The Com. this year probably for the reason mittee have decided to spend. that most of them held, sports of $600,000.00 to begin with, on site It was to be regretted formation and buildings sufficient that during the past year, the for the present number of boys, Le... school had not been in a position 120 Boarders and 300 Day Boys. The whole scheme is planned for to hold sports of its own owing to extensions to that eventually we lack of funds and a well-qualiñed sports master, but it was to be will be able to accommodate.800 hoped that it may be able to do so to 1,000 boys, Some Notes on Gold Bars during the coming year when the

Shanghai,

necessary support was obtained:

Bars. Leaves.

Jewelry.

How to explain, the gold quotations. SHIPMENT OF GOLD BARS

TO FRANCE Gold Bare in Tientşin,

SHANGHAI TO

SAN FRANCISCO.

Claims re Difference in Finanões. :

A few figures of General interest.

Gold Market in India.-

Silver Market in India.

Pro-farma, Contract,

Usual Pazites.

Practical Arbitrages.

Value of Saigan Pinetre in other Arbitingent

porta

Price of French Piastre in Faris, Bookkeeping Entries.

or Parity of Kg 1 of pure silvor OPENING OF CREDITS in Paris.

Calculation of Baigon Pisstre

TRANSFERS BANKNOTES ISSUE

Sale at Hongkong,

KELLY & WALSH, LIMITED.

their own.

G

In recent years we have turned away so many boys, especially boarders, that it is essential that. we should plan for the future. More money is needed for the large PIMPLY OR SALLOW SKIN Hall, a Gymnasium, a Swimming is most often des to liver and bowel Pond and the formation of Flaying inertia. To gently stimulate the Hyer | Fields, a Pavilion, Art Rooms, and dispel socatipation there is nothing Engineering Shops, a Library, botter ba

PINKETTES

Billors: attacks venlah, hoadsoles da appear, the breath becomes pure and the skin olor with the aid of Finkets Of ebemiste, or post, free, 60 cents par vial from Dr. Illiams Medicine Bu Kiangse Road, Shanghai,

Try Thla For,, DOK

General Equipment, and the many things which an important British Public School should have If it is to set the standard of British Education in the Far East A

In addition a School of this kind cannot exist on Government Grants and School Fees alone; it must have large Endowment and Re- serve Funds

ROXOR

Foster,

LITHOGRAPHERS-ENGRAVERS-EMBOSSERS ETC.

Tel. Č. 497.

Kowloon 848. (We have ordered several new machines for our plant).

KAIPING HOUSEHOLD COAL

In Lots of not less than

ton

Delivered to Peak District (above Bowen "Road}

Bowen Boad and Lower Levels

Kowloon ...

.821.00 per ton *** $21.00

$19.00 Orders should be sent in writing at last 24 hours, before the Doal is required: All orders must be accompanied by cash, Cheque, or Compedore Order

payable to "THE KAILAN MINING, ADMINISTRATION,"

SHIPBUILDERS. SHIP REPAIRERS. BOILER MAKERS. FORGE MASTERS, OXY-ACETYLENE, AND ELECTRIC WELDERS.

MECHANICAL, AND ELECTRICAL

THE KAILAN MINING ADMINISTRATION

HEAD OFFICE: TIENTSIN.

DODWELL & 09.,

LTD., Agents, Hongkong.

LIMITED.

TAIKOO DOCKYARD & ENGINEERING COMPANY

ENGINEERS,

NO

OF HONGKONG,

-DEY DOOK

Length 787- Four: Length on Blocks 750 Fast

·Depth on Centre of *80*(BW.0.8.2.) 14.12.

THREE SLIPWAYS-

apable of: Bandling Ships. Up. 3,009 Tons Displaceme