1925-03-26 — Page 2

Page

..8.

HONGKONG & SEANGHAI

BANKING CORPORATION,

ARAD OFFICE: HONGKUNG, AUTHORISED CAPITAL...... $50,000,000 IBSURD AND FULLY FAID UP $20,000,000 RESERVE FUNDS !----

STERLING... & 4,800,000 SILVER...... $6,300,000 RESERVE LABILITY OF

PROPRIETORS.insid

$30,000,000

COURT OF DIRECTORS:

G. H. Young, aş---Chairmak..

R. P. White, Esq.-Deputy Chairma

B. D. V. Belth, a

* W, EL, Bell, Esq.

AH. Compton, Rw

CHIBP MANAGER:

!!

A. H. BARLOW, Esq. Manager: Shanghai-d. H. STITT, E.,

www

LOCAL CURRENCY and

INTEREST on deposite is calculated on the lowest balanco during each com ploted Calandar Month at 3 per cent. por annum. Should there be no balance on any day in a month no interest will be allowed for that mouth,

Depositors may transfer at their option Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT CURRENT RATES:

COMMERCE AND FINANCE.

SHANGHAI BROKERS,

Features of Exchange Business.

American Bank of

Commerce.

THE CHINA MAIL.

AUSTRALIAN IMPORES.

...1924.

contrast with

1923

EXCHANGE

Hongkong, March, 2013; 1996; Un Loodon

Bank Wire. ****,

On demand

30 day's right..

4 months' sight

Credits, 4 months” night 2/2-|· Dommentary, 4 months sight 3/4

On Furi

On domand

On Stageport

On demand.

THURSDAY, MARCH 28, 1925.

HONGKONG BOTEL.

Marchi 21.

Mr L Adler Mason A. and F

Mr and Mrs P. M. Hamditun

alboa

Mr G. A. Harriman Mr R. T. G. Aftken är W. D. Hawes

Mr and Mrs. B+

Mr W. 8. Allen

Me and Mey A. W. Horses -

Van Andel

Mr & Mrs A. Hicks, Mr G. Apfelbaum Mr A. R. Johnston Mr & Mrs E: Kalle? Mr A. Aubry

[Mr' and Mrs J. T.Me & RE

Bagran

huon

Mr F. O. Rumban : Mr C:P: Komhsw Mias E. Bardoroili Mes W..B. Kimbili Mina K Barlow Me and Mrs Joan

Kooth Mr & Mrs K. Bal

Mes B. B. Bellios Me and Mra L. B.

Mr B. G. W. De

proed

Mr H. Blakerton Mr. J. Birbeak

Mr Blanketaki

"

On demand...

1080

Oredits, months' sight

1130

On dmaand...

_On_New York-

On demand

Credits, 00 daga sight: 85

| On_Bombay--

On demand.. Wire

169

Mr V. Benjamin

Mr J. Bennett.

1301

**

1001

Mr G. Bowac

Os demand...

*** ROM.

Me T. D. Browa

20 days' sight (pelvate paper) On Yokohama On domand.... Gold Leaf, 100 Bne (per taal) Bovereigas (Bank's buying rate) 8.84

liver (per on)

Mr AW. G.

Browne

1081 48.

Mr. F. Buchnasa

Mr R. 2. Bardin

Mr. W. Baros

819/16

HUBSIDIARY ONTHE.

par.

%dis. 4% die.

*

-300%, dia.

On demande

On Shanghal-

12

10

זן.

Bar Gilver in Hongkong 10 pm. no Chinose Orpper Cash 10% pm. Chinese Copper Cente6pm. Rate of Native Interest Chinese Bub. Chis Roagrong Bah. Oola....

4% in 7% ont 30% dis

1/8 % dia.

Mr M. Blane

Kreikman

Mr and dra

Lauritson

Ms. P. P. Leferre Mrs E Liddell Miss L. Lule

0.

Mr M.P;B. Marshall, Me D: MoCallam

Oapt. A. W. McKin

lay

Mr Ď: MeLood

B. Merkle. bargh

Mrs. H. Mo

Michael

Mr E. Carlton Mr E. W. Miler Mr B. Christopher-Capt and Mr I.

Milly

י

Dr. Ohristopherson Mr. and Mrs To A. Mrs Obristopherana Moore and child

Xr and Mer W. 1. Mr R. B. doorhead

Cora #1

„Mr A. S. Muroh Mr J. E. Dangar Mr W. Norwood Me & Ma B. Don. Mr E. B. O'Farrell Mr W. Blagoa Ospt. & Mrs Pourse

Miss Pearse

:

REFULON. WAT HOTEL

Mr & Mrs G. E. Mr and Mrs J, N.

M. Bannerman. Parkar

(weak"), ending: March 5th: 17,434) Quotations receivedi bere on the 18th from Bombay word Rs. 431 sitates caution among exchange for Bengal, Rs. 476 for Oomras. brokers and there are many who and R. 480 for Broach against the decline to shoulder same. Those quotations on the tith Rs. 434. Rs. more bold embark upon it with no 460 and Rs. 482 respectively. Ame* More and more the ranks of the margin on the speculator but rican cotton quotations received on exchange brokers in Shanghai are merely the good name of the the 18th were as 60 spot, 25:42 May, being recruited from the local Chinese client, which can fade at 25.68 July and 25.16 October. On It is not everythe 11th they were spot 26.05, 25.98 banking world. It is a truiam any moment. that a good many of the exchange exchange broker who ran afford. May and 26,25 July and 25.59 for brokers of this settlement have at to neglect the Chinese gambler October, Capital and Trade). one time or another been associat inasmuch as the latter is" pre- Hon. Mr. A. O, Langed with some banking Institution dominant in the market, and with W. L. Patienten, Kaq. of this city. Since the decision of out him the exchange market in JA. Plammer. Hiq, Ban.Mr.P.. Holyoak T. A. Well, Heq. the Foreign and Chinere Bankers Shanghai would not be half as

A slight increase was noticeable Associations to reduce the com-lively as it is to-day. The ous in mission on inter-bank exchange the inter-bank exchange commis- in the volume of imports during transactions from one-eighth to sion which came into effect on December, the value of inwards On Cloutie one-sixteenth per cent, from April April I last year is merely in the trade being £12,356,364, as against 1 last, there has been a steady wake of Hongkong, which made £12,274,505 for the previous month, LONDON BANKERS. slump in the value of exchange, the same ruling some years ago.and £10,700,934 for the correspond

seats. Prior to the promulgation At that time Shanghai did noting month of 1923. Throughout On Manila- Westminster Bank, Ltd.

of this decision, some of the elect to fall in line, but the growth the six months imports have shown month to month, whereas during CURRENT ACCOUNTS opened in exchange broking fraternity were in speculative exchange transac-comparatively litle variation from FIXED able to command as much as ations and the large sums paid out 1933 they factusted considerably, DEPOSITS received for one year or lath of thels for their seats. In every month by local bunks had falling to £9,217,261 in September,

Bankers and rising to £13,482,997 in Novem shorter periode in Local Currency and fact, one exchange broker is induced the foreign Sterling on terms which will be quoted known to have paid this amount Association to club together and ber. For the first six months of on application.

for the privilege of being in the make the new law effective. At the ensuing year inports totalled Boogkong, st 1 shrunry, 825.

eircle of exchange brokers, in any rate, the brokerage tariff is £74.743.373. and Shanghai. When the brokerage higher than in Europe or America, £70,080,361 for the same period of HONGKONG SAVINGS BANK.

was halved, the valuation slumped but this is toned down by the fact 1923. The Increase of £4,663,012 Hongkong 30 cents sub to Fls. 50,000, this price having that transactions here are nothing in this year's inwards trade to date, THE business of the above Bank been paid by two or three brokers like on the scale that prevails in however, is small when compared to Canton solus

conducted by the HONGKONG

New York. Chicago or London, the increase in exports. For the last AND SHANGHAT BANKING COR, in this city.

For instance, in New York.n bilicompleted year imports amounted Some of the Men. PORATION. Rules may be obtained.

The most recent recruit is Mr.broker would get G$2% ns com-to £140,560,853 in value, and even on application.

E.. Kann, manager of the Chinese-mission on a 10.000 transaction. though there is a probability of This is not the fault of the ex-this year's imports, exceeding that who takes the place of Mr. E change brokers in Shanghai where figure,, there is consolation in the Gerecke at the reported price of business is secured by strenuous fact that everything points to the ls. 20,000. Incidentally it might work and personal culls, unlike in year closing with the balance of trade favouring the Common- be added that Mr. Kann had been Europe on America, and transac-wealth. Monthly values of imports CHAMBERLAIN'S PAIN BALM. Mr&Mr. BeharMr and Mrs T. associated with the management ions are nothing like in value to

are as follow

A feeling of warmth, comfort and of the Chinese American Bank of what are daily put through in

relief from pain follows an application. Commerce since 1921, becoming other cities. After the War July....... £13,637.072 £1,909.403 of Chamberlain's Fain Balm: It is a in October, 1928 acting, general almost all banks in Shanghai August 12,041,835 11,740,676 penetrating liniment for deep seated manager of the same bank. He found "exchange commission & September £1,709,039 9.217.261 pains, which reduces painful swellings, relieves stiffness in muscles and jointa was prior to this sub-manager of very heavy item of expense and October 12,687,511 13,020,000 and leaves one feeling supple and active. the Russo-Asiatic Bank in Tien-hence last year's new ruling. In November 12.274.505 13,482,997 Easily applied and feels good to the Chlor Manager tsin und Manager of the same consequence of this seats on the December. 12.356,364.10,700,934 skin. Sold everywhere.

bank in Choo and Changchan, Shanghai Exchange Brokers joining in 1917 the Commercial Association do not command the Guarantee Bank of Chibli, Tien price they used to fetch a year!

manager. Mr. Kanner two ago. Inter-bank commis- sinus leaves and his place in the Chinese sion business practically com- American Bank of Commerce is prises 80 per cent. of the total Alled by Mr. Rue Cheng, erstwhile transactions, and only 20 per cent. manager of the Bank of Baat is in the nature of commercial Asia. This is apparently another bills. In other words since April 1 manifestation among Chinese exchange brokers have had to be banks to mobilise their staff as content with practically half their

earning revenue. much as possible from their own previous elash. Mr. Kann's association (Capital and Trade.) with the Chinese American Bank of Commerce has been instru- mental in bringing that bank to the notice of the general public in "Shanghai and China, and also to the merchants abroad by his monthly resumes of the trade of The cotton market on the whole China. This series was continued has been keeping very steady, the Marias Ida after Mr. Kann's return from a quotation being Tis. 43.30 holiday, and will, no doubt, be pur March and Tls. 43.95 for June sued in future as a means of valu against Ts. 4360 for March and Tis. 44.05 on the 11th inst. Yarn able banking publicity.

is quoted at Tls. 174.50 for March. Chang has already taken charge and Tis. 172.30 for June against of the destinies of the bank, and Tis. 175.20 for March and Tla. his friends and well-wishers, a few 172.70 for June. Daring the days ago, were treated to cham-week there was a break because Mr. Chang American cotton went down and had been associated with the same of the bulls were trying to Bank of East Asia since the estab-sell to take their profit, which Halgen

lishment of the branch in Shang-made the märket easier. Business Rhangbai Singapors hai. As a conservative banker, he in Shensi with the mills is still a is well-known among the Chinese, feature of the market. Arrivals and there' is no doubt that under are cupions and business has been him the bank will continue to done between Tls. 43 75 to Tis. 44. Tientsin is very firm, the latest price being Tis. 43.50 per picul ... Shanghai No business is Brokers Association is well receiv-reported in Tientsin "cotton with

Langkat... ed in the city, especially as Mr. America as prices are too far out. American buyers is probably still

iv

For the Homeɔne å FbarurAP BAAYING CORPUZATION,

...H. BARLOW,

Hongkong, Tin damunty, 1928.

THE "CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserva Fund

Reservo Liability of Pro-

prietors

£3,000,000

£3,900,000

.£3,000,000

FOREIGN EXCHANGE and General Banking business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter period at rates which will be quoted on application.

A.-H. FERGUSON,

Mariagor. Hongkong, May 8, 1923.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmano, Paris, enherribal Capital. Fr. 72,000,000.Du

.

Paid-Up Capital ...Frs. 48,400,000.00pagne in the bank.

Reserve Fonds... Fr. 69,867,283,54

Baarkok.

Battamban

Canton Djibout

Haiphong Hukow Fiano,

BRANCHES

Hongkong

Mong!18

Noumes

Paposte Paking

Prom-Penb

Pondicherry BANKERS:

Tientsin Толгана Yunnanfu

IN FRANCE Comptole National d'Escompt

prosper.

Mr.

The decision of Mr. Kann to

de Paris; Cred t Lyonasis, Ranque de Paris et join the Shanghai Exchange

Im Pays-Bas; Credit Industriel at Commercial

Boglete Generals.

IN LONDON: The National Provinsial à

Union Bank of England, Ltd. Comptoir National d' Escompte de Paris; Gredit Lyonniss IN NEW YORK: J. P. Morgan & Co, French American Banking Corporatios, Guaranty Trust Co. of New York.

Internt allowed on Gueretas Accounts and Fized Deposita sacording to arrangement.

Business transacted

Every description of Banking and Exchang

A. LECOT,

Manager Hongkong, March 20, 1924,

THE YOKOHAMA SPECIE,

BANK, LTD.

Established 1680.

Capital (fully paid-up) Yon 100,000,000 Reservs Fund....... Yon 80,500,000

Batavia. Bombay. Buenos Ayres.

Head Once: YOKORAMA.

Branches and Spenglen atz

Newchwang. New York. Oraka. Peking. Rangoon Rio de Janeiro. Fangtion (Mukden). Szigon.

Calcutta.

Changchun.

D'alien (Dalay).

Hamburg..

Hankow.

Harbin Honolain.

Kai Yuen

Lobe

London.

Los Angeles.

Lyons,

Yania

Nagasaki. Nagoya,

San Francisco, Seattle. Shanghai.

Shimonotoki. Singapore. Sourabaya.

Sydney. Tientsin.

Tokyo, Tainanfu. Tringtan Vladivostock.

Interest allowed on Current Accounts, Depoally received for fixed periods at estas, to be pitained on application.

C. ARIMA,

Manager. Hongkong, 11th March, 1925,

sdding Rings:

Kann has a large clientele of well wishers.

Lustre Lost,

SHANGHAI COTTON,

LATEST POSITION.

for

operating in Calcutta cotton.

There has been a good deal of business in Indian cotton this Reverting to the subject of week,

principally Kandeish, exchange brokers, it must be con- Akola,. Broach and Tutticorin fessed that in recent years: the staples. The Japanese calling has lost much of its lustre. purchased the first three qualities, mills Exchange business, owing to the while the other foreign mills took depression in trade, and the small the latter grade. The prices of volume of import and export bills Khanteish, Akola and Broach

In the

Case

of.

+

LOCAL SHARE

MARKET.

OFFICIAL QUOTATIONS.

and on Shanghai Bangkong Binks 113n London-£140

P. & D. Bank... Eat Asis Buk Mergantile Bank".

Canton InsuSENOS... North China Insurance Uslop

lon Issuraton Insurance Yangta

140 n.

and child

Fohryver Mr an Mra A..AM. C 9. Shank

Catlarda

Me & Mrs W. 0. Mr and Mrs Frad. Van der Steen

Lth-Vol. & Mrs Sta Mesures I. H. phens

Yaya donghear Me and Mer 0. 3.

Mr nod Mra·A· M. Mr. and Mra P.M. Vans:del

Hodgson

Mrs M. VarcOS.

Mr and Mrs I. B. Thatcher & child re-

Graves

Mr and Mrs A. C. Mr sad drs F. J.

Kochler

Wright

Mr&ra E. Lund

'PEAK HOTEL.

March 23.

'Di J. W. Andarson Mr W. A. Tordan

Mr 8. A. Arthur Mr and Mrs A. (. Misa E. B. Bally Kennedy. Dr H Baloan

G. Kennedy

Miss

Mrand Mm £. O. F. MM, F. Koy

Bellamy

THE BANK OF BASTASIA:

AS LIMITED.

HEAD OFFIE, HONGKONG,

(Anthochael Oxpliažui. 10,000,000;

Pakl-up Capital

Bandera Furl

"DIRECTORS:

$5,000,PUR."

Hon, Mn, Chow Shox Son-Chairmans *Fung Fig Bhan * Mok Ching Kong Wang, Xan Toog P.K. Kwok

Наука Т Ng Ching Lak --* Ku Ying Po Hong Ha Tung Chia Dain B **Every description of Banking and Exchan buzinama

tracted. Losni granted

approved securition.

SAFE DEPOSIT BOXES to let !

KAN TONG PO,

thiol Manager.

Hongkong, 16th February, 1995.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(HEREGANOn Trammes SooLITY.)

MANetwers. 1894. Komaxons Brazon Estantisku 1906,

Authorized Capita: G, 150,000,000 £19,500,00 Pald-Up Opitas... 80,000,000 £8,666.875 Fowerve FundG90,048,089 £1,470,010 Special Ravarres...G. 23,680,000 6 1,888,838 HEAD OFFICE 1—Anssterdam, EASTERN SBAD OFFIER :-Katavla. BRANCHES :-

دور

Bandjermasla Bandung Bombay Calcutta Überibon Djember

The Hague Kobe Makarar Modig Palembang Pacalonges Pentlamak

Djokalaria Kotar Radia

Padang

Penang Botterdam

Ringapore

Tugal

Samarang

Bangoon Shanghaiờ

Boara baix Soerakarta (Boh

Waltevreden Tillanp

LONDON BANKERSİTE

National Provincial Bank Ltd.. Correspondents all over the world,

BANKING BUSINESS OF EVERY DESCRIPTION.

W. IL GROSKAMP,

Agint.

Hongkong, November 4; 1934..

司公理管案實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINB.

ETABLISSEMENT FRANCO

CHINOIS.

(Incorporated in France).

6, Chater Road, Victoria, Hongkong.

HEAD OFFICE: 74, Rua St. LazRING Paris.

Subscribed Capital fully

paid-up

Mr and Mrs 5, 6. | Esterve Fund

Me J. W.. Boggar Kil!

Mr and Mrs T. G.Mr & Mrs A. Lans

Bennett

Mr and M & H. Mr and Mrs P..W. Langaton

Blackwell

""

Mr K. Larsen MrW. H. Bourne Mr and Im G. D. Mr M. J. Breen

Col.& Mrs U.Russell Miss Leya

Browa

Major A, B. Little. Miss P. W. Brown Johna Me and Mes 8. L. Mr G M B Lloyd

Bridger

Mr JD Loyd Mr S. CarothersMr W. E. Look

D. Capt. & Mrs J. O Mr and Mrs W.

Carpenter

Logan

"

I AM MARCH 28.

Stock Const Namar

*8,8,B,C. T.T. on sailing rate

London

MARCH 29.

fa Cushion

༞་

2/3 473)

$73

An. 1935

Charted Bank

**

2014 b.

281-1/

£ li b.

.b. Bit

$100 n

: 103

B. 2-1/8 b. 0

b. "A"

· ênhl

213-1/8 b.

"0"18

740 5.

b.. 745

140

#218 b

n. 165

#43) D.

43

3D

b 2.05 2.70/75

Mr B. Ololsad

1 195 b.

A.

185

Mis M. Coopor

Mr and Mrs T. A.

Martin

L 716

59 a.

94.70 8.

騁

#26 1/2 b

$38+ am 97/1

11, 4,70

38.

.A. 98

# 180 n.

***

90- #

A.

Mr and Mr»

Dancan

$89 b 89/90 5

b 871 38 -9.

#17-1/4

n. 18.10

n. 165

b 67

n.

China Undica

Fire Insurances

China Fira Loya

H

Hongkong Fire Tasacanco. 709 s. shipping

Douglass w 14 пор 1.K. Steamboste Hongkong Taze and Lighter Inde Chians (Pret.

do

(Def.))

(B.E. Rag.) dn." 3ball Transports..." Star Forries Water-boats. Oriental Nav. Co. Bafinerion

140

TH

$255.

4 59 b

#41 b.

51/6 b

Comb. $37 b.

$11 b,

$7 D

China Suger Malabon Sager Wining'

Kalian

Mining Adm Shanghai Loan S'hai Explorations. Single Langkats Rauta Tronoh. Mins Ural Osep. Benguet Con Books, Whatyes, Godowas, đo.

297 h $117 by T126 bm

***

H. & W. Dock

3. 67-8

Mrs 1- Cormack Mrs J. MakiMIN - Mr and Mrs W. A.M; H. A. MONS

Cornell

Danby

Mr E. E. Mimmot

Fr. 10,000,000 Fra. 10,800,000

Working fund provided by THE BANQUE INDUSTRIELL DE CHINE

Paris:

Frs. 50,000,000.

BANKERS:

Bociate

Generale, Bangut Nationale de Credit. Banque

Paris et des Pays-Bas London: Midland Bank, Ltd.

New York: Irving Bank Columbia Trust

Co.

Every description of Banking and Exchange Business transacted. Corre pondents throughout the world.

M.. FITZ-HENRY,

Manager.

10th November, 1924.

Me and Mrs J. D. Mr and Mrs F. W. THE BANK OF TAIWAN, LTD,

Manten

Lt. Col. R. A. Dob-Miss M. W. Nowo-

دان

Mra Samera Elle

Mas Elis

holmo

Mr A. Prismall

J. Mr A. Pann

(Taiwan Ginko.)

"Incorporated by Special Imperial {

Charter, 1809,

Mr and Mrs A B Capital Subscribed

Romington

Mr ́and Mm W. A. Mr A. Ritche

Eastsoe

Mr A Forbes

Lt. Opl. & Mn 0.

Sanders

Miss M. Forber Mr & Mrs T2G Scott

Mi R. J. W. Faster Mr R. P. Rhew Miss G. Fothergill MR. H. Stelton Mr and Mrs F. P.Mr and Mrs T.-8.

Franklin

White Smith

Lt. B. O.. Frederick Meu de. Miss G. X. Mr and Mrs W. D. Stabbings.

Goodfallow Me and Mrs E. F. L. Me and Mra Gao, W. Sturdes

Mr O. P. Stunden Grey

Mes. J. 8. Thomson Mr&Mrs O.Thwaites Miay Thwaites Mr A. W. Tlekle

Ma

n 251

"

b. 6

b. 11-1

230 #

#

65/8 b.

671-

8/- 0.

R

+4

P. 2.70 b

Halo

Min M. B. Hall

19%

Mr J. B. Hawker

195.

b. 1971-/5

Hawker

ידי

A. & R. Wharl

R'bst Docks c

+M

New Bazinesrings...........

8. K. Enginnerings. 9baoghai Hongkows

SHO

$850 b. fonds, Hotels & Buildings, ..

M

H., & Thal Hotels | 18) b 18j rs Now - 15) hì 16-1/£ an (b 18.4) 16, 4650 as H.K. Developments

60 Conta Hongkong Lads ***

195 b 98) s $20-1/2 b

Bamphroye Binber.. Koo doo Goods

Pelaser Balidlog.** A.E. Rinity.... H.K. Carritoriale... Rural Lead...

Catton Mille

Rwn Unston Mills, Ltd.... Kang Pits

„Lion Kang Mow

Orientais... Shanghal Catton ... Yangterspoon

Chias Lichte (Ol

H

$153 a #4.53# 11 a

10.

Mr and Mrs B. A.

Mrand Mes W. J.Lt. Col.

Mr G. M. How

worth

Trevelyan

Capt. R.-F. Walker Capt. 4. B Watte

It-Comdr. G. F ́Opt. A.J. L. Whyte.

Hole

•Mian C. Willmott Mr and Mrs TMJV New-Jenkins Wood

b. 66 Cambs b95's "5964

20-1301-21

n. 160

b. 4-1/

Mi EL. Howell.

Kiss O. D. Jenkla Mr G. 0. Worall Mr G.8 Hugh Jones

Mr.A. Arch

PALACE HOTEL.

Mr G.H. Halewood MrB. A. G. Barrott Mr J. Jack

Mr B W, TamoballMe MoDɔaild

Capital (Paid-up). Basarte Fund

"Yen 80,000,00E

Yen 52,500,00

Yen 12,080,00

HEAD OFFICE: TAIPER, FORMOSA,

BRANCHES:

JAPAN Tokyo,

Danka, Möjl

Yokohama, Kobe' FORMOS Girau, Kagi, Karen

Keelung, Makung, Nanto, Pins, ---Skinchiku, Taichu, Tainan, Takow,

Tamui, Tohyen, Ako.

CHINA-Shanghai, Hankow, Klakinni...

Amoy, Foochów, Swatow, Cantom. OTHERS Bangkok, Hongkong, Bing

pore, Boerabaya, Samarang. Batavia, Bombay, London, New York

LONDON ́BANKEES: London County Westminster and Parr's Bank.

The Bank has Gorrepandirato füithe dominents Cat in the Buropean Continent, Haw shuria Tdatno, Japan; Indo,China, diam,,, India, Philippine fenude, Javny, and Blacou India, Aust

·ralia, America, átrion, da

· Talaract alls wad on Current Ascount, and Fiend Deposits at ritain which will be quoted on noption Z. YAMAMOTO,

Manager.

HONGKONG. BRANCH,

8, Des Vaux Road Central. Hongkong, 6th June, 1924.

* 43-1 mm 118-12:10 Mr W. 4. Bennett Mre McCaw

Mr P. E. Chicbgar M B. J. de B THE BANK OF CHINAS

#12 b.

1. b

T60 b. Now $30-1/2 5.

a. '60, Now13 m.

+

(b. 114. Kam b. 8-1/8 (Dom.b. 30

b. 13

(m. 18 #BE

Comb 38)

***

(415) b. 93) an B

bd 231

is no longer the lucrative pro-business have not been given out, fession it used to be some years Japanese importers have been

and it is Fago. It is no longer a safe calling, sellers,

presumed inasmuch as speculative activities that business was On the Yen are very rife and the banks insist basis. The quantity sold to the

Japanese mills on exchange brokers guaranteeing

was 3,000 transactions of speculators, or in bales, and shipment was other words non recognised mercalled for March April, while cantile houses. This naturally in which 2,000 bales were done, Tutticorin imposed upon exchange brokers shipment was for May. The mar an added burden and occasion-ket in India is steady. The oftake ally losges are suffered and paid has been more than sufficient to for by the fraternity. Two or prevent any stock acoumulation three brokers last year and the in Bombay. As a matter of fact year before suffered heavy losses stocks in Bombay, are consider. resulting from speculators not ably below last year at the same fullling their obligations. In no time. On the 12th March theyMiscellaneous, '

4191 b. Wow 8-1/4 b. individual case has the loss ex-stood at 761,000 bales, which was

Camants damonts Combined #132 b ceeded half a lakh of thels. Even less than last year. Indian prices so, it must be confessed that the are in a way near the ideas of loss generally bears a small, per-buyers here, but not all of the centage to a broker's revenue.. Of local mills wish to buy. At the course, an exchange broker when present moment they are looking he does business with a speculator to the better qualities. American, recognises the risk he is taking, which was quoted at 25 60 cents and any lose that is incurred by for May works out at Tis. 56 for infraction is the result of a full good middling and Tis $4 for knowledge of the consequences of middling. Local mills are offering! that particular risk. There are about Tia, 3.000 less than those quotations. If we take Tinnevelik many exchange brokers to-day cotton (Tuticorin, and Brosch) who do not entertain. transactions they are not dear compared with of a speculative character, and American. Just now it marks the confine themselves principally to season for Brosch, while Finnean bration sound commercial bills-and inter- velli has also commenced to, come bank brokerage. Consequently on the market. The crop of such", "brokera have to take all Broach is fairly good, and so. Is it necessary precautions when doing in the case of tile. Tutticor a ↑ | business, with gamblerain warloty, Arrivals are being 16-| exchange for faliure to make good corded (rom Lidia, the steamer on

daya" "would mean the 11th bringing in carz

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(Specially Authorised by Presidential Mandate of the Republic of China un the 22nd of November, 1917), Authorised Capital: $60,000,001.00 Paid-up Capital 15,278,600.08 Kamerve Fund, FL 349.829.425.30

HEAD OFFICE, PEKING:

HONGKONG BRANCH, QUEEN

ROAD CENTRAL Branches and flub-branches all over Gmina and Go respondentem Europs žvierki, and other parts of the world. Bardón Elurken, The Nato,i,Provine". Copeland Lil Bank of Exland: Lea

Guncan Erunt Compu. Dosti Shopás

National Bank

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