Page
HONGKONG & SHANGHAI
BANKING CORPORATION.
HEAD OFFICE: HONGKONG.
AUTHORISED CAPITAL...... 850,000,000 ISSUED AND FULLY PAID UP $20,000,000 RESERVE FUNDS —— *
STEILING... £4,500,000
SILVER.... 826,500,000
RESERVE LIABILITY OF 1
PROPRIETORS.......................... Į
820,000,000
COURT OF DIRECTORS: 1. M. Young, E-Chairuns, EP. White E-Dopaty Chairmana:
B. D. F. Beith, Emy'. Hon, Mr. A. Lang. W. H. Bali, Esq.
W. Paitonden, Kag AH. Compton, E. 1. A. Plaumer, Eq. Hou.Mr. P.H. Holyoak T. t. Well, Heu.
CHIEF MANAGER: A. H. BARLOW, Esq. Manager: Shanghai-G. A. STITT, E
11
LONDON BANKERS. Westminster Bank, Ltd. CURRENT ACCOUNTS opened in
9
HONGKONG'S
TELEPHONES.
TRANSFER TO A NEW COMPANY.
AUTHORITATIVE STATEMENT.
The long period of discussion in connection with the question of the Colony's telephone service seems to be nearing an end, and a satisfactory settlement would, appear to be the outcome,
That is the impression gained from a perusal of the following statement which is issued by Mr. J. H. Taggart on behalf of the promoters of the new Company,
THE CHINA MAIL
undertaking of the China and your Company "has already lald Japan Telephone and Electric itself open to severe criticism by Company, Limited, to a new Com- reason of the conflicting state- pany to be formed in Hongkong ments made by its representa- on receipt of which I again placed ftives from time to time: this is the matter before the gentlemen substantially supported by the Interested with me in the proposed authorkative statement made at the formation of a local Company, I meeting held on the 18th January to have to inform you that, as the re- the effect that Mr. Parker Ness in- sult of our consideration of your formed the Government la March, outlined 1920 that the Company was being statement, the terms there are not found acceptable. run at a loss-in fact, even two You will doubtless recollect that years later, Mr. Parker Ness ac- the difficulty with which I was tually gave the Government to un- confronted in the matter of recom-derstand that the concern was With the advent of Sir George 5. Į abortive. One important point Gibt (the Chairman of the China transpired, however, with reference mending that we should meet you practically bankrupt. Furthermore 25 regards the difference of at that meeting particular stress und Japan Telephone and Electric to the plant, and that was that it $103776 was my inability to re-
was laid Company Ltd., and of its parent would be necessary for it to be concile an increase to the assets
upon the fact that company, de Oriental Telephone ected to thorough tests before side of Schedule No. 5 (setting Company Ltd the negotiations for before taken over by the new com out the manner in which I had the acquisition of the Telephone any, as the Government was not arrived at a purchase consideration undertaking in Hongkong by togethem satisfied as to its cond-of $1,427,371-then increased by Company to be formed locally for tion. In order not to complicate $4.025, as explained in Schedule that purpose (which unfortunately the negotiations unday, Mr. No sa, to $1.431,336), in such a way proved abortive when conducted Taggart had proceeded on the as justifibly to account for the with, Sir George Gibb's predecessor, assumption that the plant was it $103,776 in question. Mr. Farker Ness, when he visited godd and efficient working order
Your suggestion to the effect FIXED the Colony three years ago) were as the company claim it to be, but that such increase should be placed DEPOSITS received for one year or revived in January, and we have it woult of course require to be to the figure I had arrived at for shorter periods in Local Currency and been authorised to state that a technically examined and satis the plant, etc., and thus augment Sterling on terms which will be quoted settlement has now been pro-factorily reported upon before my figure of $1,155,000 by $103,776 on application.
visionally arranged, which, it is being purinsed Matters having is, unfortunately forsuch argument, Hongkong, 2tat) runny, 315.
hoped, will prove satisfactory to all reached the stage above indicated, impracticable, for I and that so far parties concerned.
Sir Georgi Gibb on the 30th from being able to justify an in- The negotiations on behalf of anary, addressed the following crease to that i have, If any Jocul gentlemen interested in the letter to Mr. Taggart-
thing, already erred on the side of THE business of the shove, Bank is formation of a hong kong Telephone
liberality inasmuch the letter TH
Hongkong. 30th Jan. 1925. courlected by the HONGKONG Company were conducted by Dear Mr. Taggart,
received from the Government in AND SHANGHAI BANKING CORM. H. Taggart at the
I think it is desirable and, in which the figure for plant is PORATION. Rules may be obtained
of bequest Sir
not to as Paul Chater, order to avoid the possibility of indicated ou application.
and we understand that the any misunderstanding hereafter INTEREST on deposit is calculated conduct of the negotiations between that I should record in writing, as on in lowest, balance during each com 31r. Taggart and Sir George Gibb I have done on the enclosed state- ploted Calandar Month at 3 por cant. per annum. Should there he us balances centered throughout by a ment, the terms on which I am on any day in a month no interest will spirit of courtesy and goodwill in a willing to agree.
Yours very truly, genuine desire to appreciate aud be allowed for that month,
(Sgd.) GEORGE S. GIBB.. Depositore sy transfer at their forercome the many difficulties option Balance of $100 or more to the created by the controversies tint J. H. Taggart, Esq. HONGKONG & SHANGHAI BANK undoubtedly prejudiced the case to be placed on FIXED DEPOSIT at when, as our readers will probably CHINA AND JAPAN TELEPHONE répember, is was der discussion CURRENT RATES
AND ELECTRIC CO., LTD, the former occasion.
LOCAL CURRENCY And
HONGKONG SAVINGS BANK.
"For the HasONG & SHARE
BANKING CORTORATION,.
1. H. BARLOW,
Chief Mane, or
Hongkang, 7th January, 1926,
is
HONGKONG,
"
1
exceed
MONDAY, MARCH 2, 1925.
EXCHANGE.
Hongkong March 2nd, 1918. On London-
Bank, Wire..."
14
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F
...#3-1 12/13 10
Du demand.* 30 day's sight... 4 months' siht 2/4 Credits 4 months” sipht...3/4- Documentary, 4 months aight 27-! On Park. On dettand.. Oredita.month' aght 1175. On demand -
On New York- On, demand
*M
Crodite, 60 days sighb on Bombay--
Wire
www
On demand .00 .000
On Jalostba-
Wir On demand
On Bingporn-
On demand.
On Mana
On demand
On Shanghal—”.
On demand...
*
1076
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+
+
+4
***
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ht
IN
**
110 ++
-
now.
30 days' aight (private paper) On Tokohama On demand...
ww HI 1H
SUBSIDIARY COINS. Hongkong 50 omba sab
*
+1
10.
D
11
137)
11
par. рас. "... 9X dis Canton solus
...289 % da Bar Bürer in Hongkong...10% pm. Chinese Copper Conta 6 pm. Chinese Copper Cash 10% pm. Rate of Native Interest 5% % out Chinese Sub. Cola ...204 %dia. Hongkong Suh. Col. 5.1 % dis.
COUGHS. '
When changeable weather or exposura to cold and wet results, in bronchitis, start at once taking Chamberlain's Cough Remedy... Been used for over Afty years and strongly recommended for bronchial and influenza coughs stib, born weakening coughs and troublesome "night coughs. Sold everywhere.
Committees appointed to report on the telephone question were always confronted with the same difficulty in endeavouring to assess the value of the assets; namely. that the Company had not disclosed the exact position of affairs. It is indeed remarkable that the Com pany, having at its disposal so experienced technical staff and Mr. Parker Ness being so fully aware of the fact that the value of the plant was necessarily the mala point at issue, has not even yet, despite the fact that three years have elapsed, produced data setold Lest, 100 Ane (per taal) 47.40 ting forth the basis upon which Sovereigns (Bank's buying rate) 841 the company itself arrives at a Bilvar (per on.) plant valuation-neither does it appear that the Company has attached sufficient importance to the negotiations as to produce schedules showing the 'method by $900,000 is under date June, 1923, which its Balance Sheet figures whereas the Companhas already have been arrived at. The absence benefited by my having taken the of such particulars and consequent Con paucity of information has inevit $900,000 value as at 1922. sequently conceded a point in ably created an atmosphere of
"Net allowing the
additions, doubt and, to say the least, has £18,464" for the year 1922. How-rendered it exceedingly difficult ever, in view of the fact that the
to those lacking the necessary state of the plant, is to be subject technical knowledge of the plant STOPS STUBBORN BRONCHIAL to the Government representatives to formulate definite ideas as to report (as the result of the decision the
actual
valué present-day of the meeting held on Wednes- thereof. Such attitude on the part A Purchase Figure.
30th January, 1925.day, the 28th January)provided such of the present company leaves no Mr. Taggart prepared schedules Terms to which Sir George S.Port is to the effect that the alternative but for us to proceed on to explain the manner in which he Gibb on behalf of the existing nothing arises to occasion a materi Indicated by the Government.
plant is satisfactory, and that the basis of the figure of $900,000 had arrived at a figure for the Company is willing to agree with al revision of the $1,155,000 figure, THE CHARTERED BANK OFsition of the undertaking as the Hongkong Syndiente, subject would not, in falmess to 701,
(Continued on page 2). [going concen, viz. that" the pro to approval of the shareholders. INDIA, AUSTRALIA & CHINA posed new Company should take
now think of reducing it. I am 1. It is proposed to form a aware that you claim the additions aver all the assets including pro new Company, to be registered into plant, made in 1924, but as I Ats" for the year 1524 and Hongkong, with an issued capital have pointed out in Schedule No. Jiabilities of ale prosent Company of $5,000,000 in 500,000 shares of 53, the 1924 additions were taken as from the 1st Janney,, 1925, for $10, to purchase and carry on the into account in arriving at my Ja jurbase'considerations of $1,421 undertaking of the existing Com- estimated valuation but
396 afterwards increased to $1,167 pany, to get an extension for 50 offset by depreciation to the 31st 591 as explained in Mr." Taggart years of the term of the existing December. 1924-that is to sty letter of the 2nd February, 1986. of licence, to get an immediate that assuming the Equivalent of Sir George Chh. Meetings between increase of the authorised at £13,000 be added to respect of Sir George Gills and Mr. Taggart rate from 10 or its equivalent in 1924 additions, then at least an |took place practically duly, but an dollars per Exchange Line to equal sum for depreciation should CURRENT ACCOUNTS opened and agreement on the basis above pro $108, and to get authority to be deducted from the result in or shorter period at rates which will boosed was not found practicable, charge on a message rate basis,order to arrive at the price to be busmith as Sir George Gibb asked either on or before completion of included for the plant as it stands for an addition of $18.776 to the proposed new plant and exten-o day (vide Schedule No. 51.) made to the figure of $1,181,396 sions. Crates which will be
In the matter of the properties, in order to reconcile a question of adequate to enable the new Com-ion in contending, at I should admittedly you have a me justifica rates of exchange. The proposed pany to pay a minimum dividend have taken the D Street BANQUE DE L'INDO-CHINE, parehase consideration of $1,431 at the rate of 9 per cent. peproperly at the valuation given to 996 equalled £178,924 10/- when annum on their issed capital you by Mr. Bird (ie $60 per sq ft) taken $6.00 to the iterate after making al usual proper whereas for reasons already ex- adopted by the Telephone Company
reserves. its animal accounts of recent)
plained (based on the fact of our 2. The price to be paid for the inability to dispose of the property years; but its sterling equivalent whole of the shares in the exist- so long as the Central Exchange is Renerte Fanda... Fr. 59,667,283.54ld not be soynich as £178,921 ing Company. 29,761 shares of located in the bullding), I deemed for representing 1. 10pt $1 each, to be $1.488.280-pay-it prudent to take the basis as $55 Raigon share) at the currei rate Gayable as follows:- Singapore 88.58); therefore, Sir George Cibb. Tieplein
asked that the figure which Ind Torrane Yonen bren suggested as a basis of settle. ment, subject to adjustment on the Agures shown in the 1924 Balance Sheet, should be increased from $1.481.300 to $1.535.172.
INCORPORATED BY ROYAL
CHARTER, 1853.-
Paid-up Capital
t
HEAD OFFICE: LONDON,
£3,000,000 23,900,000 .£3,000,000
Reserve Fund Reserve Liability of Pru-
prietora.....
FOREIGN EXCHANGE and General Banking business transacted.
FIXED DEPOSITS received for 1 year
quoted on application.
A. H. FERGUSON, Manager.
Hongkong, May 9, 1923.
HEAD OPPICE:
95, Foulevard Haranan, Paris Subscribed Capital ... Fra. 72,000,000.00 ... Fa 69,400,000.00
Paid-Up Capital
Bangkok
Batahang Carton
Djibouti
Baiplook :
Hantow Hanoi
BRANCHES
Hongkong
Nonglie
Nouaier
Papoo
Peking
Patrioth -
Panilicherry BANKERS
Shanghal
INFRANCE Comptoir National compt de Paris; Craik 1.ronaslı, Banque de Park ot des Pays-Bas; Credit Industriel et Commercial Societe Generale.
173
a
Mr.
he
140,000
fully paid shures, of $10 in the new. Company
Cash
I
were
per sq. ft., and I still consider the latter figure a very fair one. How. ever, it is thought that it might ..$1,400,000. perhaps be considered somewhat 83,280 unreasonable for a local company to decline to agree to a valdition $1,483,280, made by a local architect of the 3. The purchasers to take all professional standing of Mr. Bird,
therefore we are prepared to can. existing Company as from the 1st cede this point, thereby increasing the figure of $455.140 for Land and $491,335, ment to the existing Company of Buildings by $36,195 the balance of the net revenue and, in turn, the purchase account for the year 1924 after sideration shown by Schedule No. deduction therefrom of £7,500 as 5. from $1.431.396 to $1,467.591. reserves for credit of the Deben-
IN LONDON: The Srtional Provincial lease consideration were to
Taggart admitted that if the assets and pay all liabilities of the
Unisa Bank of England, lad: Comptospil wholly in cash, and the present Nations: Facompte de Parle Crolit Lyonnis
ukranty Trust Co. of New York.
NAW
IN NEW YORK. P. Morgan & Co., company required sterling, then January, 1925, subject, to pay French American Banking Corporation;£178.024. 10/- would, at the current
rate of exchanger cost the Intered allowed on Current Accounts and company "approximately $1.535.172 (the figure now asked for by Sir George Gibb) but contended that
Fixed Deposits according sovarpangement.
Every description of Banking and Fzobang Jusince transacted.
A. LECOT,
Manager Hongkong, March 25, 1924,
BANK, LTD.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserva Fand ....... Yen 77,500,000 Hood Office: YOKOHAMA
pakketą
Branches and Agencies al:
Newchwang.
Batavia,
con-
LOCAL SHARE MARKET,
OFFICIAL QUOTATIONS.
MARCH 2
Hank
II A.M..
Stock Exchange
H.9.9.0. T.T.on selling rate.
Loadoa
***
2/8 3/4 and on Shanghai. $72-8/18 Hongkong Banks 1:12 b... London-£15 p. Charter od Bank
***
£11 b.
P. & Q Bank ... East Asia Bank
Tri
ele
14 £11 b.
Morosatile Bank AB £79-1/8 b.
do. о £19-1/8 b.
via rine Insurances
Canton Insurance
Union Insuran00
Chias Undies.
Far Easterns... Fira lasurances
shipplag
MARCH 1. Sharobicokers' Association,
2/aj $73-5/16
b. 1228
b. £81-1/2
A. 811
b. 98
b. A £99
b. "O" 133
A. 765
b. 49
84.70
130°
765 m
"North China Insurance
14 n.
€980 b.
b. 16"
Injorance Yanktą, j
3.05.
3/8.033
do. ela
Chins Fire Insuraños.... Hongkong Fire Insuranco.
Douglases.***** H.K. Steamboats Hongkong Tage and Lighter, Indo Chinas (Prof.
(Del.). (EL.8. Rog.) Sball Transports Star Series
195 b. 710 .
b.
195
Dr 715
• 60 b.
$26) # in
1tv
$39.
E. 18
$ 120 n.
19" n
1 x. 120
49.
11
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$7381
'60
# 17-1/4 n.
a. 19 10
... $255.
D-"265
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UB4.
#40 b
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51/4 b
11. 87 8
Omb. $201 D.
n. 13
6 0.
$5.10 n.
n. 6.1/2
***
$9 b. 20.
E. St
$3.50
b. St
Tronch Mines Ural Casp.
L
b 7%
·Benguet Con ...
*** ***
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F. 9,60 b 2.80 v,'
a. ca 214
#1g1 b
b. 189.
TI18 b.
b. 115
33) b.
b. Blas 81
... #206 b..
Oriental Sur Co Refineries,
Chins Sugir Malaben bugär Wlaing
J
Kalan Mining Adm. ... Langkate..
Ebanghai Loans Bhai Explorations.
Singh Langkats Raube
Docke Wharvei, Godowns, &o.
HK. Wbaris
#20411 B. &W. Dock
Shai Dooka
Now Eagineerings...
H. K. Engineerings.
and burst goat ons wave aer, Shanghal Rongkows
Lands, Hotels &
B.K. & Shal Hotels 17; b. New 171 n.
B.E. Developmenta Henglong Lands Humphreys Estatas Kowloon Lands Land Reclamations Prince Building .. B.R. Realty. H.K. Territorial"... Boral Land... Cotton
Exille
***
***
b & sa 19.10
TH
70 ote. b. 30 a.
$ 20. 20 5.
(b 17 Now-b'17
b. to Vents
BIT
$150 a
150
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#4.80 b. B31 b. $10 D..
b. 3) en 4
b. 18
b21/
In view of the fact that the
are now as it was proposed to satisfy $1.400 ture Sinking Fund and Staff Pen-kure to which you
prepared to agree is $1.483,280 1000 of the purchase consideration sion Fund accounts.
(should read 4. The Oriental Telephone and
$1,483.284), the by the issue of 140,000 shares of
apparent difference between us is Electric Company, Limited, who therefore reduced to $10 each in the new company.
$15,693 credited as fully-paid up. no ex- are the owners of 38,077 of the Consequently, I am of the opinion THE YOKOHAMA SPECIE change question arose, as (except have the right of nominating two
for a balance of about that our negotiations now $30,000 no actual each would be Directors of the new Company reached a stage at which the passing Apart from this question, one of whom may act and attend outstanding difficulties, should it appeared that Sir George Gibb Board meetings by substitute. not prove a serious obstacle to a did not fully realise that the par- 5. The Oriental Co. to be the final and harmonious settlement. chnge consideration proposed as sole agents for a reasonable. At this juncture I deem it oppor arrived at on a basis which would period, to be agreed, for the pur- tune definitely to make it clear to give the new company the profis chase of requirements of the new you that further concessions on of the business for 1924, for he Company outside Hongkong and the part of those for whom I act wished to reserve £0.910 for
New pay.
Territories, China and cannot in the circumstances now ment of a dividend in respect Japan.
reasonably be expected. Moreover, i of that year.
It will be observed from feel confident that if you will Fair and Reasonable. paragraplis 2 and 3 of Sir Georgo view in' retrospect the protracted Therefore on the 28th January, Gibb's statement that he was then negotiations dating from the when a meeting was held in Sir willing to reduce the figure of visits of Mr. Parker Ness (and the Paul Chater's office (attended by $1,535,172 to $1,469,284 (by lengthy and involved reports, Sir George Gibb, the local gentie having the figure of $103,776 discussions and correspondence mon interested in the formation of which he originally claimed es un consequent thereon) to the present company in Hongkong, repre. addition to the proposed purchase time, you will undoubtedly arrive sentatives of the Government and consideration of $1,191,396), but at the conclusion that your Com- te loen! Chambers of Commerce), that the profits for 1994 were to be pany cannot now so detrimentally the position was that Mr. Taggart retained by the present company; affect its own Interests as to was prepared to recomment (whereas, according to Mr. Taggart's decline a settlement tendered on considered by the leet to satisfactory ungement basis, my sums withdrawn by the basis Interest allowed on Current Accounts. for a fifty years franchise to
being made with the Government company in order to pay a dividend, leading men of this Colony (many
Hongkong and Canton Icos to pay income tax, or for any other of whom are in positions that Deposita received for fixed periods at locally formed company..and for purpose would thy reason of assets preclude them from taking bene- rates to be obtained an application.
Bombay.
Впелов Аутся.
Calcatta,
Changchun.
Dairen (Dalny).
New York
Oraka.
Poking. Rangoon.
Rio de Janeiro.
Yengtion (Mulden). Saigon,
Hamburg
HANKOT.
Ban Francisco. Scattle. Shanghai Shimonoseld.
Engapore.
Soerabayt. Sydney.
Harbin,
Honolulu.
Kai Yuan.
Kobs.
Londor.
Los Angeles,
Lyons.
Tokyo.
Kanila
Trinarifa.
Nagasaki.
Nagoya
Tsingtau Vladivostock
Tientsin.
C. ARIMA, Manager.
Hongkong, 27th October, 1924.
00000000000000ocionoor consideration to be mid to
Everything New!
New Bhop. New Stock. Now Prices. Suitable for your pocket.
All kinds of Indian and Chinees Fics, Shawls, Enbreldarien, eta, always in stock.
SIND SILK STORE,
CHINA BuildtRG, Que's Bond Cential.
China and Japan Telephone
and Electric Co., Ltd.,
Hongkong,
Ewo Cotton Mills, Led, ...... #12 h.
Kung Yiks ...
Laos Kung Mo Ortopiais...... Shanghal Cottoa... Yangisepoot... Miscellaneous
Cement
, 60 Now 33 n.
**
**
Wi
+ T. 2-lit b.
... T 60·1/1n. Now $33 n.
M
(b. 18-1/ New b. 8,10 {Comb. b.#.80 b. 181
EM
319-1/4 h. Now 8.10 b. Comente "Combland' #28 6 231 China-Borneos China Lights (OIA)
*** 1236, do (Now) $14) b. Comb. 28 b. & s China Providents 919) New 9.10.
$19. Providente Combined... Dairy Farms. ELE. Electrics...
Меса до
1
MJ
$
Bib &
41 n.
-
Hongkong Rope... 18 a. New 16,30 n.. hopes Com innd.... Hongkong TramWÄTION Peak Tramwaye. (Old)..
Do.
(New) Steam Laundries H.E: tool Foundry. Watson's Wm. Powells. Lane Crawfords ... Canton Icas
· EL.K. Construction
10+
(New n. 13 Comb, b 27ện tġ (b. 16 Nowb 91 sa 8 85
Comb, h. 381-
b. 181
653-1/ na 583B
b.
0
n 1! Now 10 a
b to b.
* 50-1/2
54
#57 20
... $ 23 b.
$94
$t. Now 14 n.
(n, 21 Now n°14-
... 15
$195.
5,10
361 b
19.
n. 8
n. 101
13-1/2
U 1
HK Maxis China Buser Bingapore Tram
---
P
n.
12
#12) b. ....
b, il
n. 10
5 a.
д. 3
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(Ordianry) # 80 à
n. 18
fir Anadcially in any way from a Approved rates which would movide thon being reduced) result in
settlement that might unduly A reasonable minimum return to reduction of the purchase considera-
favour the proposed new Co- The shareholders), that the meeting tion represented by $1,431,393. should approve that the nurchas The following is a copy of Mr. Pany), to be not only a fair but an exceedingly reasonable one. I the Taggart's reply: existing company by the Hongkong
venture to express this aptalon. Hongkong, 2nd February, 1925. not in an endeavour to influence company prenosed to be formed he Sir George S. Gibb, Ki,j
you against your own judgment based non the statements he had
Chairman of the prepared and which had already)
in the case, but that you may fully realise the prejudicial affect generally been approved as being fair and reasonable), whereas Sir
that would thereby be created in Nanyang Tobacco. the minds of the local public George Gibbon behalf of the Tele. Dear Sir George,
(who, it must be remembered, will Replying to your letter of the be shareholders in the Hongkong nhone Company was not, pre. nared to accept $1.491,306. aa 30th January1925, covering company whether it be promoted basis, hut was willing to agree to statement og forth the
by you or by us, and on whom the $1.695.172-nins, presumably, the terms upon which
are Company must, depend for Its amount required for 1924 dividend. prepared (subject of course to consource of revenue). Furthermore, On the question of purchase con- ratio by youdhareholders) to with all deference I submit that sideration this meeting proved dispose a golag concera of the
you
Bindoro --
Mackintosh
Der Af Wing fully paid *** $ 100.
Da Dart
cald United ábenton (Founders),
THE BANK OF BAST ASIA, LIMITED
11
HEAD OFFICE HONGKONG, Authorizoi Capital..............$10,000,000, Palup Capital $6,000,000. Res Fond risikerer 13,000,000. DIRECTORS:
Hen. Mr. Chow Shoe Son-Chairman, » Fung Ping Shan Mox Ching Kong Wong Yun Tong
Li Koon Chan
P. K. Kwok
Ng Ching Lak
Fong Wit Ting
Kayuh Tul
Kan Ying Po
Chan Ching Shek
Every desorption of Banking and Exchang basince transactal. Loans granted Approval #eurlife.
SAFE DEPOSIT BOXES, to let
KAN TONG Pð,
Chief Mansgen
Hongkong, 16th February, 1925,
OR
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
(NIKIIRLANDE Tuanzen Boomer)
W
Establismo, 1894,
BONGKONG BRANon Extantaneno 1908,
Authorised Camis, 150,000,000 £1,500,060 Pald-Up Capitals.... 80,000,000 £ 6,666,67% Reserve Fund... 20,048,05 £ 1,670,419 ́Special' Reserves.....G. 23,660,000 £ 1,886,890
HEAD OFFICE:-Amsterdam, FASTREN HEAD 'OFFIOR :---Fauria. BRANCHES -
Bandjarmasin Bandong Celedus Djokjakarta Kota Radio Padang
Pen Bottenlum Singapore
Toga!
Bombay
Okeribon Diezaber The Hague, Kobe Makur Mudan
Palembang
Puntlansk
Bemarang
Boarabais
Pecklongua Rangoon
Shanghai
Soerakarta (Sola
Th{ukp Weltevrede
LONDON BANKERS:
National Provincial Bank Ltd.
Correspondents all over the world,
BANKING BUSINESS OF EVERY. DESCRIPTION.
W. EL GROSKAMP,
Agent
Hongrong, November 4, 1924. .
司公理管業實法中
SOCIETE FRANCAISE DE GERANCE
DE LA BANQUE INDUSTRIELLE DB CHINE.
ETABLISSEMENT FRANDO
- CHINOIS. (Incorporated in France).
5, Chater Road, Victoria, Hongkong. ; *
HEAD OFFICE: 14, Rue St. Lazare, Paris.
Subscribed Capital fully,
paid-up
Reserve Fund
Frs. 10,000,000 Frs. 10,800,000
Working fund provided by
THE BANQUE INDUSTRIELLE
Paris:
DE CHINE.
Fre, 50,000,000:
"BANKERS:
Societe Generale,
Nationale de Credit.
Paris et des Pays-Bas, London: Midland Bank. Ltd.
Banque
Banque "do"
New York Irving Bank Columbia Trust
Co,
Every description of Banking and Exchange Business transacted. Corres- pondents throughout the world.
M. FITZ-HENRY,
Manager.
10th November, 1924.
THE BANK OF TAIWAN, LTD. (Taiwan Ginko.)
Incorporated by Special Imperial Charter, 1899.
Capital Subscribed' .....Yen 60,000,000 Capital (Paid-up)
Reserve Fund
kk
.Yen 62,500,000. .Yen 12,080,000
HEAD OFFICE:
TAIPEH, FORMOSA.
BRANCHES:
JAPAN-Tokyo, Yokohama,
Osaka, Moji
FORMOS. Giron, Kagi,
Kobe,
Karenko,
Kealang, Makung, Nanto, Pisan, Shinchiku, Taichu, Tainan, Taicow, '. Tunsui, Tehyor, Ald CHINA--Shanghai, Hankow, Kiokiang, Amoy, Foochów, Swatow, Canton. OTHERS. Bangkok, Hongkong, Singa- pore, Soerabaya, Samarang, Batavia, Bombay, London, New York.
LONDON BANKERS: London County, Westminster and Parr's Bank.
The Back has Correspondente in the Commials Castrol the European Continent, Husna, Man- charlo Talastas, Japan, Indo-Chinn Alam, India, Philippias Lande, Java, and, Daven Indles, Anst ralla, Amirion, Afilon, da
Internal allowed on Carmut Account, and Fixed Deposita mi relas wafɑż will be quoted on appilon Gaa.
Z YAMAMOTO, Manager.
HONGKONG BRANCH,
8, Des Vaux Road Central.
Hongkong, 5th June, 1924.
THE BANK OF CHINA' 行銀國中
(Specially "Authored by Presidential A andato of the Republic of China on the 22nd of November, 1917).
Authorised Capital.... 880,000,000.DO Paid-up Capital
$18,278,600.00
Reserve Fund
$ 9,629,425:34
HEAD OFFICE: PERING.
HONGKONG BRANCH. QUEEN'S ROAD CENTRAL Branches and Sub-branches all over China and Correspondents in Europe, America, and other parts of the world. London Bankers:-The National Provin
cial and Union Bank of England, Ltd. The Guarsaty Trust Company of New
York
New York Bankers: The Irving
National Bank
The Equitable Trust Company of Newt
York
Interest allowed on Current Accounte and Fized Deposits. Terms on appiica- Hon.
Every description of Banking Business transactad.
Loans granted on approved securities.. Special facilities for Home Exchange,
TSUYSE PEL
Manager.
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