1924-12-06 — Page 2

Page

HONGKONG & SHANGHAI THE BANK OF EAST ASIA,

BANKING CORPORATION.

HEAD OFFICE: HONGKONG. AUTHORISED CAPITAL..... $58,000,000 ISSUED AND FULLY PAID UP $20,000,000

***RESERVE FUNDS —

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

PROPRIETORS..savner,

$20,000,000

COURT OF DIRECTORS W. L. Pattonden, Bag --Chairman. H.P. White, Ea-Dopaty Chairman,

A... Lang. Enj

B. D. F. Felly Eq.

W. E. Boll, F. —

1. A. Plammer. E

A. H. Compton, E.

T. G. Weall, Ed,

Hon. Mr. P.H.Holyoak, M. Young, Esq.-

Chief Manager:

A. H. BARLOW, Esq. Manager: Shanghai-G;H. STITT; Esq.

LIMITED.

HEAD OFFICH :-.

No. 10, Des Voeur Road, Dentral.. Established 1919.

AUTHORISED CAPITAL, PADD-OF CAPITAL, BMESTE FUXD...

$10,000,000,00

$5,000,000,00

$750,000,00

Every description of Banking and Rychange Derved moçarities.

THE CHINA MAIL.

COMMERCE AND FINANCE.

SHANGHAI TRADE.

SHORTAGE OF IMPORTS. IN INTERIOR.

Shanghai, November 30:-The beanca inginered. Loans konated on Aweek's operations in exchange Internet allowed on Cerron's Depot can have been, from the speculative At the rig of Two root, per ate on Baying Aseckata Fust per quet, par neaug, and on Fidpoint of view, somewhat of a Dapomika attāe following kaZON JA

For months at the rate of 3% per annum For mostbeat the vaša ni 4X YAN MADIM. ' For 12 months at the rate of &% per annum,

mixed character. The Chinese gamblers have bought and sold, and, on the whole position is the practically unchanged from KAN TONG PO

Chit Manager previous week The sterling value.

of the tack during the week touch ed 3/3, the lowest si ce August, but

+ rallied again.

Hongkong, March 6th 1923.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDI TRADING SOCEST)

"BANK.

London Bankers: Westminster Bank, Ltd. CURRENT ACCOUNTS opened in LOCAL CURRENCY and · FIXED; DEPOSITS received for one year cr aborter periods in Local Currency and Sterling on terms which will be quoted on application.

Hongkong, 25th November. 1924...

HONGKONG SAVINGS BANK.

TE

ESTANCARED. 1824, HONGKONG BRANOX ESTARLIKI 1908,

Authorised Capital G. 150,000,000 £1,600,000 Paid-Up Capital... 80,000,000 £8,630,570 Reserva Fund G. 20,045,032 £ 1,870,419 Special Reserves...G. 2,660,000 £7,893,9se

E business of the above Bank in conducted by the HONGKONG AND SHANGHAT BANKING CORD PORATION. Rules may be obtained on application.

INTEREST on deposite in allowed on the minimum monthly balsuous at 31 PER CENT. por annire,"

For the RoxoXENT & SHANGHAJ

BAG ConFORATION,

1. H. BARLOW,

Hongkong, May 5, 1924.

-Chief Manager.

THE CHARTERED BANK O INDIA, AUSTRALIA & CHINA

INCORPORATED BY ROYAL Charthi.

1963,

HEAD OFFICE LONDON,

th

`Paid-up Capital

Betere Fund.

Beveren. Labilty of

23,000,000

sína £3,000,00

£2,000,000

Proprigtom. Tamancomtat

1)

FOREIGN EXCHANGE General Banking barium, transscieć,

CURRENT ACCOUNTS opened and FIXED DEPOSITS received to 1 your or shorter periods ás rates which will ho quoted on application.

A. H. FERGUSON,

Manager.

Kongtong, May 1, 1990.

BANQUE DE L'INDO-CHIN

HEAD OFFICE :

96, Equieran Hausmano, Feria. Subscribel Capital. F. 72,000,000.00 Paid-up Cap? .. Fr. 68,400,000,00 Reserve Funds ...Fr. 59,667,288,64 BRANCHES Hongkong Mangtwe

Bangkök

Battambang

Nonines

Cantoa Djibouti

Baiphong

Paporte Peking

Paum-Penh

Hankow

Hanoi

Poodleberry BANKERS:

Balgra

Shangha

Fingapore

Tour Lo

Tlontain

IN FRANCE: Comptoir National d'Hecompt

HEAD OFFICE :-Amsterdam, EASTERN HEAD OFFICE :-Balaria, D

BRANCHES :-

Bombay Bandoeng Cherihon Djerbar The Hague Kobe

Banderasala

Chelautta Kota-Radja * Padang Penang Botterdam

Ringapore Tegal

Makarar Medan. Palembang Pecalongan," Pilanak Rangoon

Semarang Shangbal

Scerakarta (Bolo)

Weltevreden

Boerabaja Tjiljap

· LONDON BANKERS:- Nation Provincial Bank Ltd. Corresponent all over the world.

BANKING BUSINESS OF EVERY DESCRIPTION.

W, H. GROSKAMP,

Agent.

Hongkong, Novmaber 4, 1924, '

的公理管業實法中

SOCIETE "FRANCAISE DE GERANCE

33

DE LA BANQUE INDUSTRIELLE

DE CHINE

ETABLISSEMENT FRANCO

4.

[CHINOIS

(Incorporated la France)

13

6, Chater Roul Victoria, Hongkong. HEAD OFFICE: 74 Rue Bl. Laiam, Paris.

Bubscribed Capital fally

paid-upi

Fr. 10,000,000

Reserva Fund ***F. 10,800,000

Working and provided by THE BANQUE INDUSTRIELLE DE CHINE

Fr. 50,000,000,

BANKERS:

Japan. During the week tha Japanese bavers have been active in collecting supplies of rape seed, and quite a good trade was re- | corded in this product during the week.

U. S. AND CHINA.

* FORMER'S TRADE SHOWING

EXPANSION.

The commerce of the United States with China, says the Trade Recard of the National City Bask Commercial bills have continded of New York, has made remarkable strides within the past decade.. to come more and more on the Latest official reports show that local market and these found good United States exports to China in buyers among bankers, They were principally for export, com- the fiscal year ended with June, prising produce and some silk, 1924 were $124.436,000, against while there was also apparent a $24.628,000 in the fiscal year 1914 which immediately preceded the large quantity of import bills.

Silver dollars continue to go ont in the same volume as in previous weeks, namely, on the average of three-quarter to one million dollars

war.

a

of

Prior to the world war large share of the merchandise

China was imported by European "origin but her take TRANSPORTATION FACILITIES.

ings from the United States Business is still waiting on the increased rapidly as the war pro nutcome. of the political situation gressed, and United States exports An, improvement in trading acto that country advanced from tivity: is indicated as a result of $24,500,000 in the fiscal year pre- resumption of transportation ceding the opening of the world facilities in Central "and Northern war to $43.500,000 in 1918, the clos- China which is permitting a freer ing year of the war. The imports movement of produce through the from China in the past ten years are country, Normal railway trans- $1,217,000,000, against $315,850,000 portation should come.

soon in the ten years preceding the war. Stocks of goods in many parts of Tous United States trade with the interior are practically nil, China in the decade since the and opportunities for extensive beginning of the world war has trading are certain once calm exceeded $2,000,000,000, against settles on the face of the country. but $587,000,000 in the decade In several directions the business preceding the war. The principal world is suspending decisions on articles exported to China are operations until the settlement of wheat and flour, tobacco, Illuminat the outstanding pulitical troubles. ing oil, copper, cotton, cotton The view obtains among Chinese goods, automobiles. The principal that the present unrest will con- Imports from China are silk and tinue for some three months more. silk manufactures, tea, wool, hides, The solid gains made by yarn bristles, human hair, furs, eggs, during the past few weeks have, egg albumen, laces and Chinese served to introduce heart into the nut oil, cotton and yarn markets with fair increase in the values of the raw material.There is a discernible and probably justified cooling from the irst flush of business optimism which was engendered wher General Ln threw up the sponge. The present position in the political world now becomes the text for sundry admonitions and counsels of moderate hope from bankers and economists. Business, as Capital and Trade" observes, stems indeed to be slowly improv. ing. The fact that the interior is bare of supplies and that upcountry marts are in urgent need of goods

Paris Societe Generale, Banque Nationals de Credit. Banque de Paris et des Pays-Bas. London: Midland Bank, Ltd," New York: Irving Bank Columbia Trust Co.might well enough be counted the

Every deseription of Banking & Exchange. Business transacted. Correspondents through out the world.

10th November 1924.

M, FITZ-HENRY,

Manager.

foundations for better business. This, however, is about as far as careful observers seem inclined to go, and it appears to be all that is justified, in the way, of present forecast. Underlying conditions are decidedly better. The vital question is whether we have ahead

de Paris; Credit Lyonnais, Banque de Paris THE BANK OF TAIWAN, LTD of us the beginning of a long and

den Pays-Bas; Credit Industrial i Commercial Boalete General.

IN LONDON: The Netional Provincini à Union Bank of England, Ltd.; Comptoir National d'Escompte da Parla; Credit Lyonnim

IN NEW YORK: J. P. Morgan & O., Freach American Banking Corporation; Guaranty Trust Co. of New York,

Interest allowed on Current Accounts und Pared Depolls sooneding to arrangement.

Every deafption of Banking and Exchange Business transacted.

"A LECOT,

Manager

Hongkong, March 20, 1924,

INDIA, LTD.

(Taiwan Ginko.)

Incorporated by Special Imperial Charber, 1999,

Deplia! Wafaacbad.... Tag 60,000,000 Capital (Paid-up). Yen 52,500,000 Boury Fund w... In 15,090,000

HEAD OFFICE! WAIPER, FORMOSA

'BRANCHES: JAPAN-Tokyo, Yokohama, Koby, Dasks,

"Mojl.

sustained improvement in trade or merely of a gentle advance with the likelihood of a pulling up again.

PIECE GOODS.

TIN RETURNS.

Kamunting Tin Dredging- Half month of November output (four dredges) 1,000 piculs, hours run (four dredges), 1,287, estimated realised value of ore $74,800.".

Figures of the mineral produce. of Indo-China in 1923 shows a good.. increase on that of 1922. Of vari ous grades of coal 1,056,921 „tons- were produced as against 989,813 In the previous year, 30,528 tons of zinc and lead against 21,091 tons, 677 of tin and tungsten against 708; phosphate of lime, 9.847. against 7,600; and sapphires, 4.888 carats against 4719 carats.

in

» EXCHANGE.

London- Hongkong, Dacomber 5, 1994.

.../4. Bank, Wire

"

ין

(la domand, ../~67/10

days' eight

months eight- Credits, 4 months' sight...3/6-1 Documentary 4 months' sight 2/5–8. Oo Paris-

On demand

On New York-

on Bombay--

On Calcutta-

Wire

SATURDAY, DECEMBER 6, 1924

-GREEN ISLAND CEMENT CO., LTD.

BEST PORTLAND CEMENT

SHEWAN, TOMES & Co.,

General Manger

"HONGKONG::

MOTOR

1000000000

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- $4.50 per hour. 8-ton Lorries

@ $8.60 Waiting at Half Rates. ESTIMATES GIVEN ́

On demand...

1000 Oradite, 4 month' alght. 1190 inom.

**

Ou demand..

Credits. 80 days' sigha

Wiro FAL .

On demand...

157

On demand. On Singapore-

"On deriand-

157

1011

Phone Central, 1913

210

100

те по

14

On Hanila-

On demand... On Shanghai —

On demand...

30 days' sight (private paper) Ga Tokohama

On demand...

Gold Leaf, 100 Hao (per tool) 46.60 Sovereigns (Bank's buying rate) 8 24 Bilver (per or) -

SUBSIDIARY COINS. Hongkong 50 usate enb... £% poa.

15

par: tre 3pm. .967 %, dis.

10 T

Canton coins Bar Silver in Hongkong...11% pr. Chinese Copper Canh... Chinese Copper Cents... Rate of Native Interest, Chinees Bub. Coln Hongkong Bah. Coin - *** par.

LOCAL SHARE

Banks.

James.

ive 10. pm. 6pm.

...264% dis.

MARKET.

OFFICIAL QUOTATIONS.

B.9.B.C. T.T. selling rate

on London and on Shanghai Hongkong Banks 170 Chartered Bank

40

***

P. & O. Bank. *** East Asia Bank Marcantile Bank AB £281 b. do. C£12.

Marine Insurances

Canton Insurance,.. *** North China Insurance Unión Insurance Insurance Yanziara China Undirs

'873.0/8.

b...20

b. 884

II AN.

DECEMBER 5.

Stock Exchange

DECEMBER 5. Sharebrokers' Association.

2/4.38

9/4-3/8

***

$7 & a

London-£138 n.

b. 1170

...£0 b..

2 11 n.

D. 211

$90 b.

b. "

29

b. "O 12)

..-730 b.

b. 740

140 .

· 140

$970.

b. 161

$ 424 ss

B. 42

1.60 D.

b. 1.90

***

$180

.b.

685 b.

180 883

$59 %.

5.

$38) b. 20 c

b. 30 sa. 36

38 0.

B. 28

$111.

(H.K. Reg.)

111 m.

111

8416 b.

...

$117/8 s

b. 116-19a, 116

3-11 n.

b. 1 a 140

$255 b.

n. 265

Now Ebazo 885 n.

b. 86

# 41 д

.41

TO-D_

Far Easterns... Fire Insurances

Chins Fire Insurance Rongkong Fire Insuranco. shipping

Douglases... IN H.K. Etsambosta... Indo-Chinas (Pret. Ind

(Def.))

do.

do.

Shell Transports '***

Star Ferries

Hoogkong Tugs and Elghter

Oriental Nav. Co.

Refineries

China Sugar Malabon hugar Mining.

Mining Adm Langkatą. Shanghai Loans S'bai Explorations... Slagle Langkats

The piece goods section does not offer any new marked feature of interest. The position is indeed disappointing considering that the China New Year is approaching and the dealers have-not started-to-Kalan make their purchases. Trade is along the most cautious and con

entire absence of speculative bid- Making Kanto, Finan,"

at the Shinchiku, Talcon, Tainan, Takow, ding

weekly auctions. There has been a coa- Ware, Tohyan, Ako. UHINA--Shanghai, Hankow, Kinking, tinuance of enquiry for in

Asoy, Foodbow, Brator, Denton. dent business in grey and £3,000,000 OT1138-Bangkok, Hongkong, Ang white shirtings and fancies, and a port, Bourabaya, Samar certain amount of buying of these Bataria, Bombay, London, Kaw

and other goods. York,

THE MERCANTILE BANK OF FORMOSA-Giro, Kagi, Karinko, K-servative lines, and there is an

HEAD OFFICE:

· 16, Oracechurch Street, Lötsipa, E. 0.3

Authorised Capital

Hubcribed Capital

Reserve Fund

Paid-up Capital

141

HI

120

1,800,000 1,080,000 1,250,000

The Bank of Englaz & Midland Bank,” Lid,

Bangkok (alta

Batrin “MKOSK

Walubay Howrah Chiquita Kazdy Colombo Marketi

Redb

DANKERR:

RANCHES :

Kola Hoara

Kurs Lumpar Basscon Mulena

annagha New York

Singapore Part Bala (Mauritian)

Bourabaya

HONOKONG BRASCH,

Every description of Banking and Exchange bad.

K trobart' INTEREST allowed on Current Accounts at 1 rent per annum on Bally Balans sad an Fixed Ber poelle at rates that may be ascertained on appilation

7. Guren's Road Central, Dagos. October 1, 1928.

8,0. WILSON,

Madagas

THE YOKOHAMA SPECIF

BANK LTD.

DOVABLEED 1820.

Harman tially pati up) --- Tea 100,000,00 Bacesti Brra"

- 77,500,000

-Hmay Orviex —YOKOHAMA,

Bravo SXT Asamezno aja

Nowak TIME

Bombay

Васко Дуня

Balentin

Sangažma

Dairen (Daing)

Foughton (Mulden).

Hamburg

Heckos

Hodolala

Kai Tos

Kobe

-London

Los Angst

Montis

Magu

Nagoya

New York

Cathe

Poking

Bangoon Bio de Janeiro Balgon Back Translate Fondlin Zhangkal Shimanomen

Boursays Byday T Tokyo

„Esteriet allrwed on Dement Assosi

Deportie revolvið föl^land posiada'aa'zajer

· to'shakizut în sppilension.

·Hongkong, 17th-Ost.; 1994;

LONDON BANKZE::

London County Westminster and Farr's Back

The Bank has Cerrospandents in the Commerels] Centres in the European Continent, Fassi Man

charla Tringtao, Japan, Inild-Chinx, Binov,” India, Philippine füjanda, data, and Daten indias, Aut. ralla, Amerion, Afsion,

Interse Allowed on Current Account, and Pized Depositant rates which will be quoted on applica.

Z. YAMAMOTO,

Lion.

HONGKONG BRANCE,

Manager.

I, Die Forex Road Central. Hongkong, 5th June, 1994.

THE BANK OF CHINA.

行銀國

pasally Authorised by Prguldenia! Mandag of the Republlo of China on the tud of Movember, 1917), Authorland Capital 000,000,000,00 .... 38,778,000,00 Paid-up Capital Kerr Find # #,099,435,14

READ OFFION: WEKING).

HONGKONG BRANCH: QUEEN'S ROAD CENTRAL Branobes and Bab-branch

J

COTTON MILLS.

The situation in the cotton

market is fairly well maintained, and the textile mills report a fair turnover. It will be interesting to see what their balance sheets will show at the end of the year. In this respect reference is made.

the Ewo Colton Mills, and the Oriental Cotton Spinning Com pany. There has been a hardening of prices of these stocks, no doubt as a result of the better prices paid. for manufactured yarn, but it, must be remembered that cotton prices have also in the meantime gone up, neutralizing the effect. Never- theless, the mills are making a small profit on their sales, and if the political conditions clear up there should be a bigger demand for their products.

· AMERICAN FLOUR. !

In vain are the flour mills on the. Pacific Coast ports of the United States looking towards China for interest in American flour. Chinese over milled flour is considerably cheaper

China and Correspondants in Barops, than the Imported flour. The same Aryzion, and other parts of the world, London Rogers-Ehy Nailorad Provi

etal wed Union Bank of Engisad, Ind. The Guarnoly Kruni Company of New

York Banking - Why Irving Halloumi Back, The Zeniable Trust Company, if

and Tiina Deposits. Epema on applic

applies to wheat, the Chinese grain boing much cheaper than American. Hence, Chinese In terest' In American beat and flour is lifeless, and no revival in the demand is expected untli after Chinese New Year.

GENERAL PRODUCE. Things in the general produce lines are certainly not so brisk as they were a couple of weeks ago,, but this can only be explained by the fact that Europe had bought quite large quantities and for the present" their requirements hard been filled. Bilt Burope, enter

Raube

Tronoh Mines

Ural Casp

**

0mb. #:9 b.

54/- b.

8. B.

P. 1.80 b..

Benguet Con... - Docks. Wharvon, Godowns, as.

E. & K. Wharfa... H. & W. Dock q

Shal Docks i

b. 84/8

+24

$207 208 8 # £50 n.

206

b. 147. 1871

T 103 b. 104 3.*

b. 108 sa, 104

T7 b

b 6.80

New Engineering..... H. E. Engineeringa. Bhanghai Hongkows

****** 195 b Lands, Hotels & Bulidings.

ghal Hotels $174 6 18/17 s Now-17 b. 17j sa fs 171 b. & sa. New-b. 173

H.K. Developments Chins Base

Hongkong Lands...

+

90 cts. B $10 n.

107.

Humphreys Estates Kowloon leads, ................ Laad Reclamationa Princos Building ... H.K. Territorial.......... ·me Rural Land...

MI

***

$150 b.

Tie 11,90 b.

***

**

T3 60,b. 4.

T-60 6. New 833-b.

Cotton Mills.

Ewo Cotton Mills, Ltd. Kung Yiks Laon Kung Mows... Oriental... Shanghat Cottos... Yangtarepose. ***, Misestlaneous,

417 in. No. 5.00 Ba Bê B Comenta Cementa "Combined' $24 s... China-Barneca

China Lights (Old)

#17-1/7 n. do. (Now)

$11-. Domb. 26'a. China Providente 316-1/8 h. Now 6.n. Providente Combinod... Dairy Farms... set

HL.X. Electrics

Macao do

**

015

100

$ 38 D.

Hongkong and Canton Lose

Hongkong Rope 20 New It n.

$80. hopes Combined.

** $50. Hongkong Tramways... Peak Tramwayawfőld).............. # BE

Do

(New)

Stoam Laundries H.K. Steel Foundry... Water-boste *DE •

Singapore

Wm. Powells

Lane Crawfords the wa

Canton Ipesku, Sant

H.K. Chartruation

Nanyang Tobacco

Binoercove

Mackintosh

BE Healt

15. Tacia

3, 90: Cante

b. & 105

8. 22.20

n. 150

b. 11 1/

8.8.80

D. 67 New 10 n.

(b 174 Naw b. & s. 9 (Oomb. 2,90 t. 134 8. am 23):

D. 10-1/2 (New n. 13-1/2 Comb, ■ 23

(315)

10.10.Now b5.85 Comb. s. 391

b. 24.10

b. 411 m. 42/43

b. T

a. 19 New 11.

b. 55

b, 48 u. 49-1/2 sa. 49)

"D. 36

11-1 b.

n. Ie

18:b..

.18

$:22. New 13

n. 98 New n. 13

€18.80. 381

25. 183

7.70

Dar A. Pink fully paid a 10 m porous Do

United ka berbos

WE SOLICIT YOUR ENQUIRIES THE HONGKONG MOTOR TRANSPORTATION. CO. LTD.

28, Des Voeux Road. Upntral.

P. O. Box 645.

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 :-

ADEQUATELY GUARANTEED.

} DODWELL -& 00., LTD.

MACHINERY DEPARTMENT.

KAIPING HOUSEHOLD COAL

In Lots of not less than ğ-ton se

Delivered to Peak District (above Bowen Road)

Bowen Road and Lower Levels Kowloon ...

100

ww

H

$21.00 per ton ...- $21.00 *-* $19.00 Orders should be sent in writing at least 24 hours, before the Coal is required.

All orders must be accompanied by cash, Cheque, or Compradore "Order

payable to "THE Kamax MizING ADMINISTRATION."

THE KAILAN MINING ADMINISTRATION

HEAD OFFICE: TIENTSIS.

DODWELL & CO., LTD., Agents, Hongkong.

Phone Gerrard 5476

Tel. "Jamaco" London.

A. C. DISS

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

Clo CAMPBELL LATHAM & CO.

... TAILORS

59, Conduit Street, LONDON, W.1.

For over ten years we have been engaged in the manufacture of 0000sant oil in Singapore. Our brands, the "Coconut Trees," Elephant" and "Bis" ars renowned for their wallent standard, test results, and clarity, and are free from imparity or adulteration. These products are already known in Chins and abroad and it is to facilitate our esteemed patrons that we take pressure in sasouncing that Mésars. GOH GUAN HIN of No. 84, Bonham Strand West Hongkong,

have been appointed our sole agents in Hongkong.

THE HO HONG OIL MILLS, LTD.; SINGAPORE.

G. FALCONER & CO. (HONGKONG)LTD

WATCHMAKERS & JEWELLERS. DIAMOND MERCHANTS.

"UNION "BUILDING (OPPOSITE G.P.Q.)

Agents for ADMIRALTY CHARTS.

ROSS'S-BINOCULARS and TELESCOPES KELVIN'S NAUTICAL ZINSTRUMENTS, ENGLISH SILVERWARE direct from Manufac