1924-12-05 — Page 2

Page

HONGKONG & SHANGHAI THE BANK OF EAST ASIA,

'BANKING CORPORATION,

HEAD OFFICE: HONGKONG. AUTHORISED CAPITAL...... 850,000,000 188UED AND FULLY PAID UP 820 900,000 RESERVE FUNDS ———

STERLING..., £4,500,000 SILVER... $25,500,000 RESERVE LIABILITY OF $20,000,000

PROPRIETORS... 80

W.

COURT OF DIRECTORA

Pattomien, Kay--Chairman,

I. P. White, Bany-Deputy Chairman.

·B. DeF. Reithų. Boqu A. O.Lang, Ex... -WF. Bell-EwLA Rituumen. Ex A. H. Compton Eas | T. G. Well, Esq. Hon Mr.P.H.Holyoaki G. M. Young. Begi

Chief Manager:

A. H. BARLOW, Esq. Manager: Shanghai-G.H. STITT.Esq. London Bankers: Westminster Bank, Ltd. CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED "DEPOSITS received for one year.or shorter periods in Local Currency

and Sterling on terms which will be

uoted on application.

Hongkong, 25th November. 1924.

HONGKONG SAVINGS BANK.

www

THE of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING COR- PORATION. Rules inng "ho. obtained on application.

INTEREST on depuwita is allowed on the minimum monthly hulancos at

3 PER CENT. per ammunt,

For the Hongkong & SRANDHAI

BAL IN CORTOSATION,

.H BARLOW,

Hongkong, May 5, 1984.

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA. & CHINÄ

܀

INCORPORATED BY ROYAL CHARTEI

1553 +

HEAD OFFICE LONDON.

Paid-up Capital,..

£3,000,001

Reserve Fund

Rouarry Liability al

Fropriatoc

21,000,00

23.000.000

FOREIGN EXCHANGE was General Banking business transacked,

CURRENT ACCOUNTS opeood and FIXED DEPOSITS: 1 year or shorter periods 'si' rates which will be quoted on sppilestion

A. K. FEROUSON,

Mirants

Kongkong," May 4, 1990,

BANQUE DE L'INDO-CHINI.

HRAD OFFICE

90, Boulevard Haummann, Parm. Aubscribe Capital ... Fr. 72,000,000.ta Paid-Up Capital F. 68,409,000.00

Frm. 60,657,283,54- BRANCHES Hongkong

Reserve Funds

Bangkok

Canton

Hatambang

Dilbondi

Mangian. Noumes Poposta

Haiphong

Partag

Hanko

Ho

Prom-Prat

Prindiahity BANKERS:

IN FRANCE: Comptal National

Paison Shat ghai Hingapore Tientais Tour

Yunvantp

LIMITED.

HEAD OFFIOR

Xo, 10, Da Yoeur Road, Central,

Batablished 1919. "' ÁDTEBRIKED CAPITAL,'.....................$10,000,000.00 FaiD-UP CAPITAL $5,000,000.09 BMENTS POND.

1750,000.00

THE CHINÁ MAIL.

COMMERCE

AND

BOOM IN COTTON.

SIGNS OF EMERGENCE FROM

DEPRESSION.

FINANCE.

Flax.

The Irish markets are gradu ally opening up but all of them will not be in full swing till next Booms in cotton mill us in month. The demand has been Every description of Sanking and Evenaage other shares are almost invari keen for any abre offered and Dressed LORE granted on stably, overdone, and as a rule, they quality remains the same. Thu Futorent allowed as Cereal Depot Account do most injury to the poorest of reports of yields to the grower

The experience are very unsatisfactory.

On the Continent there is not of 1919-20 should have taught this class, writes. the London much. change to report as sup- correspondent of the "Manchester plies are still small and conse. Guardian," that, while it is a fuct quently selections difficult. that immense profits were made Prices Pemain firm for by those who bought at the begin- classes especially for dew-retted NEDERLANDSCHE HANDELning of the boom and sold out and course water-retted faxes. quickly, the men who acquired

"Yaris.."

#

at the rate of Two per cent, por as on the speculators. About Fady per neat per knmam, and on Mand Deposits at the following ratan: ---Wor.. 3 months at the rate of 3% JOY.AZNUDE

·For-8 months at the take of 4% per sanata..... Yorit:monthe shibarite c1.8X:990, angam

KAN TONG PO, 'Donghaer, Mi Anh t

Chiat Managar.

MAATSCHAPPIJ.

(Notitielanda Tranne Comixr.}

BANK.

·Enfants · 1824. HONDRONG BEANOR ETABLIKEND 1906.

Anthorized Capital .150,000,000 £19,800,000 Fald-Up Capital.... 80,000,000 £6,685,870 Reserve Fund...-G. 16.045,032 £1,670,418 Special Recrte...G, 2,40,000 1,883,330

HEAD OFFICE—Amater, EASTERN HEAD OFFICE:--Batavia. BRANCHES:-

Bandoeng

Colopitia

Cherthon The Hague Maker

Palembang

Bendjermsain Dolgakarta Kota-Radia Padang Perang Rettenlam

Pentlan

Singapor

Tegal

Bomthey Djember.. Kobe, Mexi

Panlonge

Bangoon

Shanghai

Weltevreden

Soerakarta (Bold)

Foeraba Tilaap LONDON BANKERS:--- Nation Provincial Bank Ltd Correspo all over the world.

BANKING BUSINESS OF EVERY DESCRIPTION.

all

shares as permanent investments The tone of the market dur- made shockingly bad bargains ing the past two weeks has been Before the boom ended, indeed, quiet, with a fair quantity of it was clear that the profitable new business turning - up. state of trade which had appeared Spinners are not pressing as to justify high prices was on the they are still comfortably off for point of terminating. The pre- orders and with the very strong miums which had been commonly fax market there is no imme- puid disappoured quickly, calls on diate object in selling ahead. part-paid shares were not long in The situation, is a critical one for following, and finally some of spinners, and the general feeling. them became worth less than no- in the trade, is that it would be thing, ns, with a further liability to calls, they could only be dis advisable to reduce production posed of by giving a present with us the gap between flax and yarn them, while others were not worth prices in wide; but this can only half of their face value after calls be done by individual action. had been paid. It was commonly said that the inflation of the spin- There is nothing exceptional ning-milla capital was due to the to report, "quiet conditions pre- failure of the Stock Exchange to vail at present. advance prices to what appeared

Weavers.

རྟ

Orders for dress goods are still

n

to be real values, in view of the being put down. But not in the increased cost of building and same volume as some time ago. equipping mills and the expecta, The demand for Home trade tion that they would be able to pay goods is dull, dividends upon much larger sums In the damask section orders' than hitherto. If that was a mis-have been placed for crested take. It would seem that it is not goods, but there is not much life going to be repeated when the in the ordinary qualities. cotton-spinning trade recovers.

"W. H. GROSKAMP,

Agent

Hongkong, November 4, 1994

司公理管業實法中

There is no doubt that the trade

4.

·SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINE.

ETABLISSEMENT FRANOO CHINOIS.

(Incorporated in France)"

5, hater Road Victoria, Hongkong.

paid-up. Fr. 10,000,000 'Boured Food Fr. 10,800,000

... Working fand provided by THE BANQUE INDUSTRIALLE. DE CHINE

Fr. 80,003,000.

***Merchants:

have been ordered in quantity, Fu Altogether there is a decidedly better feeling The outlook in the States is brighter and a fair amount of business has been placed for all ranges.

Dress Linens.

The majority of houses are. now interested in getting away shipments for U.S.A. and Canado

for next season.

New business is still being

placed, but, prices are difficult' to arrange, as buyers object to pay. higher figures.

Market continues firm at recent quotations.

EXCHANGE.

Hongkong, December 5, 1984. London Bank, Wire

*!

13/6-1

On demand, '+/-4 7/18 in days' sight.

4 months aight 14-4 Credita, 4 months' sight.../5- Documentary 4 months' alght 9/6-8 Ca Parla-

1000 Oredits, 4 month' aight 1100 On demand...n. On New York-

On demand i

On demand

Credits, 80 days, tigbo On Bombay-

Wire

On demand "

On Calonte....

Wire

On demand...

On Bingapore

. On demand...

On Manila--

-- On demand .......

On Shanghai-

On demand...

***

157

FRIDAY, DECEMBER 5, 1924.

donum, JDG, CONNUBIDONI PULASKINERA

* GREEN ISLAND CEMENT CO. LTD.

.....D.

BEST PORTLAND CEMENT

SHEWAN, TOMES & Co.,

General Managers.

HONGKONG.

MOTOR TRUCKING

Our Fleet of Fast, New and Up-to-date Lorries assure you a rapid and efficient service at Minimum Rates- 1-ton Speed Wagons - B-ton Lorries .

-

© 84.50 per

$8.50 Waiting at Half Rates. ESTIMATES GIVEN

WE SOLICIT YOUR ENQUIRIES

hour.

EJ

THE HONGKONG MOTOR TRANSPORTATION CO., LTD.

th

157

1/

101

... 1201

Phone Centrmi 1913

"

nom.

30 days' sight (privata paper) On Yokohams

42

145

On demand...

1427 Gold Leat, 100 fine (par tael) 46.50 Sovereigns (Bank's buying rato) 8 94

521 Bilver (per os)...

*

SUBSIDIARY.COINS. Hongkong 60 center sub.....

10 5

2 pm. par 34% pm.

**267% dts.

10

pm.

A

̈pm.

p.a.

...26% dis.

рат.

The Cross-water wholesale Canton cons shows signs of emerging from the

Chinese Orpper Cash ... depression of the last three years houses anticipate a. good Christ-Bar Silver in Hongkong ...11% pm.

Chinese Coppar. Cents or so, and the present may for mas business, that reason appear to be a good in housekeeping goods there. Rate of Native Interces

brisk. demand. Obine Sub. Colm time for buying. It should not has been a be forgotten. however, that Fancy linens and handkerchiefs Roogkong Sah. Coin .. many of the companies have heavy adverse bulances, the amounts of which are unknown, because they issue no balance- If they are honestly Įsheets.

HEAD OFFICE: 74 Rue St. Later, Parkmanaged they will repay their bank overdrafts before declaring Subscribed Capital filly

dividends, and there aro' cases in which that will take so long that there may be no interval left before the next depression comes. The expectations of reasonable profits this year are based upon the sufficiency of the supply of American cotton for a much larger yarn output, but, seeing that there have been several inadequate crops in the last few years, it is quite possi- ble that the next one also will be too smail.and too dear for the profitable working of mills.

BANKERS:

Faria: Societe Generale, Banque Nationale de Uredit. Banque de Paris et des Pays-Bez. London: Midland Bank, Lid.

New York: Irring Bank Columbia Trast to

Evary description of Banking & Exchange Boalgess transactel. Correspondants through- out the world.

M. FITZ-HENEY,

Manager.

10th November 1934

com THE BANK OF TAIWAN, de Paris; Credit Lyonnais, Hingna do Parla a des Pays-Bas, Erecht Inchisiziel et Commercia

(Taiwan Ginko.) Booiste Oemuralo "

IN LONDON: The National Provlucial & Union Bank of England, Ltd.; Comptoir National d'Facompte de Paris; Credit Lyonnis

IN NEW YORK: J. P. Morgan & Co. French American Banking Corporation: Quaranty Trust Co. of New York,

י

Interest showmi or Current Accounts ac Fixed Deposits socording to arrangement...* Every description of Banking sai! Exobungs Business transacted.

A. LECOT.

Manager Hongkong, March 20, 1924.

THE YOKOHAMA SPECIF

BANK LTD,

Breaslined 1880,

It

is extremely hazardous, there- fore, to pay high prices_for LTD.shares, as some people are doing now, and those who cannot afford

Incorporated by Special Imperial

Obarier, 189,

*

Cupfial Basserībai.... Yμi 80,000,000 Capital (Fald-up), .........Yen 62,800,000 Backers Fund a Yşa 11,990,000

"HEAD OFFIULT" VAIPER, FORMOSA.

BRANCHES 1

JAPAN—Tokyo, Yokohama, Koby, Osaka,

to lose should take particular care that they are not tempted to take a hand in rash specula- tions.

JAPANESE RETRENCH-

MENT.

"CONSIDERABLE PAIN AND

INCONVENIENCE."

זן

Tokyo, November 22. Premier Kato, speaking last

that

Moll. FORMOSA-CHem, Kagi, Kazanko, Emevening at the social gathering

fang, Making. Kando, Pizan,

of the members of Clearing Shinshire, Talchu, Tainan, Houses throughout Jupen, re Kalrai, Tobyen, Ako. CHINA-Shanghai, Hankow, Kluking, marked

after strenuous. Amoy: Fossbow, Bwalow, Danion efforts the Government has MAPINAR (fully paid up) --Fan 100,000, OTHER8 Bangkok, Hongkong, Bing formed a stringent retrenchment

pork, Beersbays, Samarang, Bawaria, Bomber, London, war by which general accounts York,

will be reduced by 152 million yen, and special accounts by about 99 million. in total London Bounty Westminster and Parr's Bank, some 255 million yen.. Carrying the plan into execution, the Pre- mier thought, will considerably pain urid inconvenience the

But

--- Yan 77,500,000

EBAD ORTON—YOKOHAMA,

BRANKOM ANE ARBROOKS AWA

Batasto Bombay.

Newsbvang

New York

- Ceaky

Buenos A

Baloutis Changshun. Dairen (Delay) Fengħisa (Maledom;)

Hamburg

Hankow

Peking Bangoon Rio de Jasmine

Bilgom

Bad Fressince

Basti

Chaoghal

Botola

Bhìmonowo

Kal Ye

Singapore

Коф

Boersbeya

London

Los Angeles

Bydney Tiontela

Lyons

Manila

Enguan

Nagoya

Tobro

Taste Thing Vladivosto Interech allowed on Dutions Asscent{"

· Dapasdie roestved for Rzed perioda se rate

to obesined on applesion.

0. ARIMA,

Manager

Hongkong, 37th Oct., 1994.

HONGKONG HEIGHTS.

For the information of visitors the following list of some of the highest points on the Island and Mainland is published :—

ISLAND.

Feet

Signal Station

1774

Mt. Parker

B

Mountain Lodge

1738

The Eyrie

1725

Peak Hotel

Taikoo Sanatorium

MAINLAND.

*Taimosban

1805 1000 Mt. Davis

* 677 Bowen Rd. (6lterbeds) 297

Kowloon Pet

8124

1971

LUNDON BANKERS!

The Bank has Cerroupaduntala the Dommernist. Cambra In the Eumpena Collient, Baqala, · Mao- churia Taingtoo, Japan, Indo-Ohlan, Mam, loft. Philippine Inlands, Java, sed Dutch India. Auxl- ralla, Amarion, Afrien, do,

LOCAL SHARE MARKET.

OFFICIAL QUOTATIONS.

Named. Bankre.

F..B.C. T.T.. solling rata.

on Londos

ו ·

28. Des Voeux Road, Contral. .“ -

P. O. Box 845, "

Standard of the World

CARBO-LASTIC

Semi-Liquid Asbestos Roofing

STOPS. LEAKS IN ANY" "ROOF, " PRESERVES NEW ROOFS REBUILDS OLD' WORN-OUT ROOFS,

WATERPROOFS FOUNDATIONS.

AGENTS*|--

DECEMBER 5.

II A.M.

Stock Exchange.

DECEMBER 5. Sharebeokers Association.

2/4-3/8

9/4-3/8

$729

072-3/8

London-£128 n.!.

b. 1170

£ 10 b.

b. £20

£ 11 o.

D. 211

#00 b.

www

and on Bhanghai Hoogkong Banks 1170 b. & a Chartered Bank. P. & C. Bank East Agia Bank Mercantile Bank A B £28 b. £18; b.. 0 do. Marine Insurances

Canina Ipsurance......... North China Insurince

Union Tesurse Insurance Tangbeze Ohips Undire

Far Eastern ...

Tire InsuTAROGË

China Fire Insurance ... Hongtong Fire Insurance Shipping

Douglas m BK. Steamboats... Indo-Chinas (Prof. IM

•(Dol.)) ... (H.K. Reg.)... Shell Transporta

do.

Star Ferries.** 14

1.80 n.

b. 291 b. "A

981

b. "0 191

b. 740

b. 181

8449

730 b.

$ 140 n.

$970 a.

Hongkong Tugend lighter 2-1/3 n. Oriental Nar, Co.

140

b. 1.90

180 b. #685 b.

180

685

68

$36) b. 261.

b. 96 a. 381

☛ 98 a.

n. 98

#111 n.

111.

111

8418 b.

b. 84/0

#117/8 B

b. 118-1/2 28.110.

1 1.40

$265 b

n. 255

New Share 995 11.

b. 83

$1.0

-1.41

YOND.

a. BA

Comb. $19 b.

m. 19

11.641/3

Single Langkats

'n. 8-1/2

Ranbe

་་

$ 3 n

b. 1

Tronoh Minos

54/- b.

48/-

87. 51

P. 1.80 b.

... 9107 a. 206.

3,906

$150 A.

17+78. 147]

Th

I 103 6. 104. Tb.

b. 103 B, 104

b 8.00

¡Befineries

China Sugarca

“Malabod Sugar:

Mining

Kaine Mining Adm.

Langkats...

Shanghai Loans B'usi Explorations..

Ural Casp.

Benguet Con

Dooks Wharren, Gedowns, zo.

R. & K. Wharfs

H. & W. Dock.. S'hai Docks

"I

New Engineering.....

8. K. Engineeringe.

Abangbal Rongkows

***.. $195 b rada Hotel & Building B.K. Shai Hotels 174 b 18/17 s New-17 b. 17į sa. (a 173 b; & sa. Now→b. 17

H.E. Developmenta China Buses Hongkong Land... Humphreys Betates

Interos allowed an Custrat Account, and Pine authorities, but by that financial, Kowloon Landa Deposits at rates which wit be quoted on apple

Z. YAMAMOTO

Loa

HONGKONG' BRANCH,

Maxger.

Der Vorut Road Central. Hongkong, 6th Jan, 1994,

THE BANK OF CHINA. 行銀國中

((Bpudally Authorland by Presidentóni

Mandakg of the Republic of China on the ud of Movember, 1917)). Authorised CapīšaĮ ...........800,000,000.00 Paid-up Capika).....................$16,978,800.00 Tên Tùng ------3, 9,139,435.26

„MERAD OFFIOBĄ PAING,

HONGKONG BRANCH,· QUEEN'S ROAD CENTRAL, Branches and Sub-beaches all or China and Correspondents to Barop, America, and other part of the world. London Mankell-the Jalan Prosta.

elal and Undos Bank of England, Lad The Guarenty Trasí, Company of

York Bank Cha Irving Ketions? Brok. The Magliaěla. Some Company of pw

Inhecel allowed on Our Asconija and Flagd Diposila. Epime on applice. [-

Lonca tarantad on appeared enonilän. for Home Brabangi. TSUYER, PEL,

foundation will be strengthened, pressure on economic circles will be removed and adjustment of finances will be facilitated, that, the benefit will be felt all, around.

LOAN FOR GREECE.

UNDERWRITING. IS MAKING

PROGRESS,'

*

Ja

80

(Reuters, Service.j

London, December 4. Underwriting - arrangements are proceeding for another European Reconstruction. Loah; of nearly £12,250,000, under the auspices of the League of Nations, for the purpose of the resettlement of Greek refugees. Seven and a half millions will be issued in London, two and a half in Greece and the remainder in America. The issue price will 83 and interest 7 per cent. The loan is redeemable-within-fort

IRISH LINENS

MARKET IS GRADUALLY OPENING.

-UP.

Writing froth Belfast, under date of. October 22; the Irish. Linen. Society state-

Land Boclamations. ... Princes Buliding. H.K. Forritoriale...«, » Rural Land...

Cotton M3110,

Ewo Cotton Mills, Ltd. Kung Yike Laon Kang Mows... Oriental

+1

Shanghal Catton... Yangisrepoos. “

$10.

107 s.

e: 90 Centa

b. m. 105

n. 22.80

-

$150 b.

B. 150

..

$10.b.

**

The 11.90 b.

b. 171

**

T2 40 b. 4 5.

8. $.80

T 60 b. Now 332 b.

1171 n. New 5.90 b.

China-Borneos **

China Lighta (Old)

17-1/3 n.

MiscellaneSUN,

Cements

Cements Combined $2.

Dairy Farms..

do (New)811:72 n Comb. 24. Chins Providente $16 1/2 b. Now i) n.

Providents Combined

33 m. ....05. H.I. ElectricaH PUPU, B8 n. $ 432 b. Macar" "do, Ni Hongkong and Canton Ices Hongkong Rope

10 m. New 11. hopes: Dom'inedies vi Bangkong Tramways...-- Feak Tramwaysw(Old).....'.....

· Do Now) Steam Laundries H.K. Steel Foundry Water-boats.com Watson's

Singapore Tys

E. Construction

$50

$30) a

28 e 11-35-

#18

22. u. Now 12

11

ADEQUATELY - GUARANTEED.

DODWELL &. 00., LTD..

MACHINERY DEPARTMENT.

།

**

KAIPING HOUSEHOLD COAL

In Lots of not less than tos —

Delivered to Peak District (above Bowen Boad)

$21.00 per ton Bowen Boad and Lower Levels · ... .' $20.00 Kowloon ...

***$18.00

Orders should be sent in writing at least 24 hours, before the Coal-la-required. All orders must be accompanied by caah. Cheque, or Compradors "Order

payable to "THE KAILAN MIXING

DMINISTRATION,"

THE KAILAN MINING ADMINISTRATION

HEAD OFFICE: TIENTSIN.

'DODWELL & 00., LTD.,' Agents, Hongkong..

Phone Gerrard 5476 - Tel. "Jamaco" London. A. C. DISS

(Late of Disa BROS. & MACKINTOSH, LTD.) HONGKONG

Clo CAMPBELL LATHAM & CO.

TAILORS

59, Conduit Street, LONDON, W 1.

1.57 Now 29 n.

(b 17) New b. dc **. B

(Oomb. 1.30 T. 23) a. ca. 29}

L

b. 19-1/

(Now n. 11-12 Comb, u 22

(a 16 m 16.10) Now b5,95

Comb. 1. 281

b. 14.10

6.41; 4.42{/43

For over ten years we have been engaged in the manufacture, of coconut oil in Singapore. Our brands, the "Coccainut Tree," Elephant. and "Star," are renowned for their excellent standard, test results, and clarity, and are fros faoin imparity or adulteration. These products are already, known in China and abroad and it is to facilitate Dar esteemed patrons that we take plosture in announcing that Mosi, GOH GUAN HIN of No. 84, Bonham Strand West Hongkong

have been appointed par sole agents in Hongkong.

THE HO HONG OIL MILLS, LTD., SINGAPORE.

b. 7

m. 19 New 11

··b. 4ə ≈ 49·1/î as, 49]

n. 28

D. jel

New n

7.70

Kanyang Tobacco

Mackintosh dan pen ILE.

21.10

8.23.12 1.0

United Asbes

b. 500

16

G. FALCONER & CO. (HONGKONG) LTD

WATCHMAKERS & JEWELLERS DIAMOND MERCHANTS

UNION, BUILDING (OPPOSITE GP.0).

Agents for:--ADMIRALTY CHARTS.-

ROSS'S BINOCULARS and TELESCOPES KELVIN'S NAUTICAL INSTRUMENTS

- ENGLISH SILVERWARE, dirsot from Manufactu

High Class English Jewellery,