1925-04-11 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION,

FIRAL OFFICE. HONGKONG.", AUTHORISED CAPITAL................ 850,000,000 18UED AND FULLY PAID UP $20,000,000 RESERVE FUNDS

STERLING... £4,500,000 SILVER...... 826,300,000. BESERVE LIABILITY OF

PROPRIETORS.

$20,000,000

COURT OF DIRECTORS: G. M. Young, Ej.-Chrispati H.P. White, Ex-Deputy Odaizana.

B. D. F. Helth, E*;.

W. E. Ball, Esq.

B. Compton, Es,

Hon. Mr.A.0. Leng. W. L. Hattenden,

J. A. Plumper Big.

How Mr.P.R.Holzink T. A. Waal), Blog,

CHIEF MANAGER:

COMMERCE AND FINANCE.

ROAD BRIDGE.

NEW SCOTTISH ENTERPRISE.

The proposed construction of a road bridge over the Firth of Forthi has aroused great interest in Scotland. The idea of such a bridge was first suggested by Inglis Ker, a well-known authority on motor insurance in London and Edinburgh, and to his energy and enthusiasm the progress of the scheme is due. In the promoter's own words:

... AUSTRIAN ENGINEERS

DIFFICULTIES.

THE CHINA MAIL.

THE PROBLEM OF MARKETS.

GOLD COIN PERIL

SOUNDING A WARNING

Reversion to a gold standard is often supposed to mean that the gold sovereign will once more pass into circulation, said Mr. Although there has been a slight | Reginald McKenna, In an address | improvement in the state of the on the "Restoration of the Gold Austrian engineering industry, Standard," delivered before the

of the, the position is still unfavourable Commercial Committee The obstacles in the way of House of Commons.

"If this were allowed to happen, improvement are many, though undoubtedly the loss of the old I am afraid it would be disastrous. markets is the most important to our trade prospects.

It is factor. The engineering industry estimated that before the war was strongly developed in the old £120,000,000 in gold coin was in In other parts of the world great Austro-Hungarian Empire, and circulation; to-day the total re- boulevards and highways, and most of the production was for quired would certainly be Imposing bridge structures, un-home consumption, the Behemian £200,000,000. The demand for this firms supplying a total would immediately cause a Manager: Shangbai–G: E. STITT, Esq. dreamt of 20 years ago, are now in and Austrian

course of construction. There is population of over 50 maillion fall in prices.

why Scotland the people. cradleland of

After the collapse of many eminent

the engineers should be behind other monarchy the Austrian engineer countries in the new movement

ing works had to seek new export It is Indeed in the natural order of markets, and here they have had things that the country which gave to meet the competition of the the world its finest achievement in much better organised export trade railway bridges should now lead of Great Britain and Germany, the way in road bridge engineering Competition with Germany was Mr. Ker contends that a road particularly difficult, as the Rhenish bridge is feasible and practical and Westphalian Industries were from the financial as well as the used to the construction of/standar-1 engineering point of view. In this dised machinery. By now some he is supported by Sir Henry Austrian firms, particularly those manufacturing motors, turbines, Maybury,

and machine tools, have gone in for standardised production.

A. H. BARLOW, Esq.

ra

LONDON BANKERS.. Westminster Bank, Ltd..

CURRENT ACCOUNTS opened in LOCAL CURRENCY aud FIXED DEPOSITS received for one year or shorter periods id Local Currency and Bierling on terms which will be quoted an application.

Hongkong, st1 »bruary, 1325.

HONGKONG SAVINGS BANK

THE business of the above Bank is

onducted by the HONGKONG AND SHANGHAI BANKING. COR PORATION. Rales may be obtained on application.

TEREST on depositi in calculated on the lowest alone during ench com plated Calendar Month at 3 percent, per 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 Falkner of $100 or more to too HONGKONG & SHANGHAI BANK to be placed to FIXED DEPOSIT CURRENT RATES.

For the Hosaxpay & Buana BANKING GORIVAATION,

... H. BARLOW,

Chief Manayer Hongkong, in dsantry, 1995.

no reason

Director-General of Roads and Bridges under the Ministry of Transport. It is stated that the heads of large commercial houses on both sides of the Forth have supported the proposal and consider that the bridge would never be free from traffic, night for day."

over

"The indispensable condition of a true gold standard is that we should have freedom to export to pay our debts, and I would not risk any demand for gold merely for internal currency purposes."

WORLD'S LINSEED CROP.

The Bureau of General Statistics of the International, Institute of Agriculture states, that the data received concernlog the areas and yields per acre of the world's linseed crop shows that in 1924 the area sown for linseed was Another great difficulty is that 18,056,000 acres and the crop of raw materials, these, as well as 75,171,000 centals, as compared semi-products, having to be import with 14,422,000 acres and 69,223,000 ed. The most serious difficulty, centals in 1923. The average for

is the however,

protective the years 1920-4 was 13,747,000 tariffs of the neighbouring acres and 60,572,000 centals, as It is estimated that the bridge States and also of other

coun compared with the average of the would cost £4,000,000, and that it tries. The Austrian engineering years 1909-13 of 15,515,000 acres would run parallel to the present industry, for example, was and 60,685,000 centals. A great railway Forth Bridge. An emitent exploring considerable quantities recovery in linseed cultivation has engineer has already carried out a of machinery to Spain until a so- taken place in recent years, and survey and recommends a bridge called dumping surcharge" of while the area under linseed is of the suspension type, with the per cent was adopted by that about 10 per cent. less than in the island of Inchgarvie as the central country. Austria has pow con'

five pre-war years the yield in the foundation: The total length cluded a trade treaty with Spain; would be 8560 feet, and the main and since February 16 this dump- part would consist of two centre ing surcharge has been abolished. spans of 2400 feet. The width of The real difficulties arise, however, the roadway would be 66 feet, States. It is true that early in the in trade with the neighbouring THE CHARTERED BANK OF including the footpaths. The

year some of them waived the INDIA, AUSTRALIA & CHINA,clearance of each of the two centre

import-prohibitions, but they sub- stituted prohibitive duties. The worst offender is Hungary, the tariffs in that country amounting in many instances to over 60 per cent, ad valorem. Czecho-slovakia has reduced the tariff rates in the néw treaty concluded with Austria, but they are still twice or three times, higher than the Austrian, and amount, on the average, to 20 10 30 per cent ad valorem. The best markets for the time being for Austrian engineering products are Rumania and Jugoslavia, but in

are watching dustrial interesis with anxiety the Protectionist tendencies in these two countries.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

£3,000,000 ,43,000,000

Paid-up Capital

Reserve Fund.... Reserve Liablity of Pro-

prietors

£3,000,000

FOREIGN EXCHANGE and Generòi Banking business transacted..

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year aborter period at rates which will be

woted on application.

A. H. FERGUSON,

Manager, Hongkong, May 8, 1923;

spans above water level would be 150 feet. It is considered that the work would employ 5,000 men for four years."

important "dock

at

There is an extension scheme proposed Leith, and if carried out this, together with the new bridge, would do much to expand the coal, oil, and kindred industries in the Lothians and Fife. It is un- derstood that the Government is prepared to meet all preliminary expenses in regard to the proposed road bridge over the Tay, and it is felt that the same consideration should be given to the Forth pre- ject, which is of national concern.

A conference of local authorities suffers from a shortage of credits, The engineering industry also to consider the proposal was re- cently convened by the town

which in most cases cannot be had BANQUE DE L'INDO-CHINE., Councils of Edinburgh and Dun- under 25 to 30 per cent interest per fermline. The chair was taken by

The big works may get the Lord Provost of Edinburgh cheaper credit, there are cases and representatives of the affected where for long-term loans only g areas such "as Edinburgh, 101 per cent was paid. Taxation, Midlothian, West Lothian, and carried through this year on the after the reductions which were Fifeshire attended the meeting. The following resolution

recommendation of the League of adopted-

Nations Finance Committee, is no

HEAD OFFICE:

96, Ponlovani Bonamenn, Pari Huberibed Capital... Frs. 72,000,000,54 ... Fra. d8,400,ADO ON Reserve Funds Pre 69,867,283.54

Pald-Up Capital

Magico

Caston

Bertambang

Djibouti

Halphong

Hakow

Haso

4)

BRANCHES

Hongkong

Mongthe

Names

Hugon

Shanghal Fingapore Tentein Payeste Peking

Tirane Pon-Pesh Yonasnfu Fondicherry BANKERS

IN FRANCE: Comptoir Neilonald's compt da Parla; Credit Lyonusis, Esnque de Į azli at dee Paya Bas; Crodi Industriel at Commercial- Societe Generale.

IN LONDON: The National Provincini a Daion Bank of England, Ltd. Conytof Fations) d'Escompis de Paris; Credit Lyžiar

IN NEW YORK: J. P. Morgan & Co. French American Banking Coryamsion; Guaranty Trust Co. of New York.

Interest allowed en Current Accounta sod

·Med Deposits socording to asrangement.

Every description of Banking and Hxchange

A. LECOT,

Manager

Basizes irmanċied.

Hongkong, March 30, 1924,

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

Reserve Fund

Capital (fully paid-up) Yen 100,000,000 Yen 80,500,000

Head Office:-YOKOBAMA,

Benches and Agencles at:

Newchwang New York

Mabavia.

Bombay,

menon Xyron.

Calcutta

Changchun

Osaka.

Peking. Rangoon, Rio de Janeiro. Miegtien (Mukden). Saigon.

giren (Dalny).

Mamburg.

Maakow.

IA! Toen.

Mamotułu.

Kobe

London.

Los Angeles.

Ban Francisco, Beattle. Shanghal Shimonosali

Singapore.. Soerabaya. Bydney. Tientsin.

Tokyo. Tainanfa. Magasaki.

Tsingtau Nagoya.

Vladivostock. Interest allowed on Current Accounts Deposits received for firad parlods at sades to be obtained on application.

CARIMA, -Manager. Konghong, 11th March, 1925.

Wis

That the conference is agreed as to the importance of the pro- posed road bridge across the Forth, but is of opinion that no ⚫ further progress can be made without a full preliminary survey, and that, as the bridge

annum.

higher than in Great Britain. In- dustrialists still complain of the'

so-called welfare tax and the elec tricity tax, but these are lesser evils.

TRADING WITH CHINA.

will form a link in a national CHANGES CAUSED BY THE WAR. highway, the whole cost of this preliminary survey should be borne by the stale and that re- presentation should be made to the Ministry of Transport to this effect.

already agreed to pay 75 per cent The Ministry of Transport has

of the survey (estimated at £10,000), leaving 25 per cent to be raised locally.

RUBBER DIVIDENDS.

༄།

tomer.

EXCHANGE

Hongkong, 9th April 1995, On London

Bank, Wire.

11.

On demand .... .......8/31/18 » 30 days sight..

4 months' sight- Crédits, 4 months' sight .......3/3-1 Documentary, 4 months sight 2/4 Ou Parla—

Op. demand

Credits,,4 monthy' sight

On demand..

On

Now York-

On demand

-

N

Credits, 60 days' jighi ... Big Op Bombay-

***

Wire On demand. On Calcutta

Wire

Un demand On Blugapore On demand On Manila-

--

+

100+

43

IM

་་

On dopado..

1061

On demand...

On Shanghai-

· 30 days' sight (privato pspor)* On Yokohama On demand

Gold Leaf, 100 Hoe (per fael) 47.80 Soverolgna (Bank's buying rate) 0,84 Silver (per oz.)

$11

*

SUBSIDIARY COINI. Hongkong 50 centy sub,.....

蹿

10

Canton coins Obinere

31

5 % dia. ...1%, dis - 5% dis. 315 dier

Ear Silver in Hongkong 10% pm. Copper Cash 10% pm. Chinees Copper Cents...

8% pm. Rate of Native Interest 8% 7% out Chinese Sab. Coin -31% dis Bonghong Suh. Con....

SATURDAY, APRIL 11, 1925,

VISITORS AT HOTELS.

HONGKONG HOTEL.

April 9.

Mr/R. T. G.. Aitken Mr Batgir

Mr L. de Ath

Mr O. Backwith'

Mr. & Mrs.

Beale

Misa F. Bosstond

Mr C, Boon

MIB O. Beon.

Miss E. REDFOD

Mr and Mrs F. M.

Holmers

N. WEB.T. Hollworth Mr. G. E. Holmes Mr. & Mrs. Wh

Higgins

Mr. & Mrs. A. 8.

Horsoo

Mr. V. Bonjamin Mr L. Iona in

Mrs. H. R. Belilios Mias A. Jerrold

THE BANK OF BAST ASIA |«LIMITED..

HEAD OFFICE HONGKONG, Authorised: Capital.................... 10,000,000. “ Paid-up Caplink.....................' $8,000,008, Beserve Fund $1,000,000.

DIRECTORS;

Hon. Mr Chow Shou San-Chairman

Fung Ping Ghan

Id Koon Cann

NK Ching Lok

P. K. Kwok !!

Fong Wal Ting

Moh Ching Kong:

Wong Yan Tong Hayah Tal

Kan Ying Po

Chao Chloe Eink

Every description of Banking and Exchange -

tranced. Loki granted on approved securities.

Mr. R. J. Birbeck Mr. G. J. Jebastonsin Miss M, Baton Mr. J. H. John

stone Mr J. Burrell Hr.asd Ura A. R. Miss L. H. Jordan Mr Mra K. Koste Воть Mr. D. Cappleman Mr F. Keitiokel

Mr S. D chant

Mr & Mrs W. J.

Obambora

My H. H. Cohon Mr W- Colton Mr. J. H. Cook

Mr A. Kidd

B Mr. J. G. O Boots

Mr W. Kraigar

Mr and Mrs W

Krelger

Miss B. Lackwood

Mr. & MTS,

Lauritsen

G.

Miss R. David Mr. L. H. Davla Mr. & Mrs.

Deacon. Mr. C. W. O.. Van Mlas H. Lilia

Doraser

Mr. & Mrs. A Link Miss K. Eccles Mr. & Mra. P. Mr. & Mra. E. E. Marks

Capt & Mxe. A. W. Mr. G F. Elasser McKinley & child

Mrs: Mo Mies E.

My and

Naughton Wing. McNaughter. Miss Dorothy Met

calf

B. bir. & Mr. J.

Linderman

Bilia

Fay

My A. B. Fondlay

Mr. McGregor

Fraine

Miss Fraine

Mr. & Mrs.

A

H. A. Fong Mr P Fiana

mether

Mrs. B. Gelard

Miss A. 1. Grifin

Mr.. C. E. Montagus

Mr.. N.

Murray

sadMr. J. Nelance.

Mr. E. H. O'Farrell Mr. H. Pearman Mr RH. Pops

Mr. & Mrs. J. Gould Mr A. Forner

Mr. A. H. Rowe five years to 1924 is about similar Dr. G. E. Gibson

H.

Mr Y. G. Kapkey to that from 1909 to 1913.

Mr. & Mrs. C. A. Mrs. E. Sparks The producing countries include Henderson Mr. & Mrs. A. D. 14 European countries, Russia to Mr. J. Scott Hars- Silas & infant

ton Asia (excepting Mr. A. F. Henry

Mr. & Mrs. C. J. Europe and

Smith Turkestan and Transcaucasia), Mr E. H. Havenith Dr. H. F. Sommers. Canada, U.S.A., India, and Rev. G. H. Hewitt Capt. L. Siquiland Argentina. This year the export- Mr and Mrs K.MT. Mrap La. A. able surplus of the new crop is! Ball & 2 chlidren Tobias slightly below that of 1934, owing Capt. T. F. Hall A. D. Taylor to less favourable crop figures Mr. & Mrs. W. A. Mr. J. Thomson

Hannibal from Argentina.

Misses A. & F. Mr G.T. Vanderberg

Hamilton

Mr H. Waiduok

LOCAL SHARE

APRIL 0. Names

sank

MARKET.

OFFICIAL QUOTATION'S.

H.S.B.C. T.T. on selling rato.

London

II AX

Stock Eth

9/3

Tak

#738

Charter od Bank

***

£91) b.

£ 1 b.

... $100 n.

and on Shanghai Hongkong Banks 1130 sa London-£139 n

P. & O. Bank .. East Asia Bank Mercantila Bank. A B

0 do. Marine Insurances

Canton Insurance.... North China Insuranco, Vaion InsurADCO ... Insurance Yangtsza Chipa Und/ra Fire Insuranoss

£22-1/2 b. £13-1/9 b.

Chins Fire InsorazĽA ... Hongkong Fire Insuranco... shipping

Donglases H.K. Steamboata... Hongkong Togs and Lighter Indo-Chines (Pref.

do.

(Del.))

(B.K. Reg.) Shell Transports. Star Ferries.... Watar bosta ... Oriental Nav. Co.. Refineries

China Sugar... Malaban Sugar

DOT

144

H

130 n.

B... 187 n

APRIL 0.1

Sasrabforare Avaoist jon.

#739

⚫ 1390

b.

211-1/

b. 211

LIPI

n. 100 b. "A" b. "0. 18

b. 745

Mr3 0. Put Vin

Mr. G. A. Harriman Mis Welduck Mr C. Rouss Capt. & Mrs. Walker Mei B. Harding Mr. & Mrs. Watt

·Mr. & Mrs. A.Hicks diss M. Wilco

REPULSE BAY HOTEL. April 2

Mr and Min Van Mr and Mrs B. J..

A del.

Lacun Mr & Mrs G. H. Mr & Mrs F. Land Mr and Mia J, N. G. Bannerman Mr and Mrs A.K. A Parker

Carleton

Mrd MT.

Mr and Mrs Fred. Schryver

EJM

Mr & Mr Vander Mr & Mrs Balieny Steer Mr and Mrs P. M Lt.e) Ad

Hedgeod

Stephens

Mra

Mr and Ms A. C.Mr and Ara E. C

Bochler

Woud

PEAK BOTSL

April 3.

DEJ W. Anderson Miss G. Kennedy Mr B. A. Arthur Mr M. F. Key Miss E. R. Baily Mr and M16 E, E. Dr H. Balcan Kill

Mr and Mrs T.-G. Mr. & Mrs A. Laus

Bennett

Mr and Mrs S. H. Mr J. W. 7. Bonner. Langston Mr. J. K. Bob Bold Mr Kareen Mr. and Mrs P. W. Mr and Mrs G. D.

Blackwell

Loya

J. Breen Major A. 8. Little. Col. & Mrs C. Russell johns

M. B. Lloyd

Miss P. W. Brown Mr ! D. L'oyd Mr and Mrs B. L. Mr W. H. Lõok

Bridger

Mr and

SAFE DEPOSIT BAÏES to lot, -

KAN TONG PO,

Chef'Manager.".

Hongkong, 16th February, 1925.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRATING BOUNTY).

ESTABLISH 1924.

Horarono BrANCH ESTABLISHED 1908, Authorized Capita. 180,000,000 £1,608,08: Pald-Up Capla...40 80,000,000 £ 6,666,87 Reserva Fund...G. 20,340,032 2-1,670,41 Specia! Reserves.... 29,680,000 £ 1,888,330 HEAD OFFICE :---Amsterdam, FASTIRN. HEAD OFFICE:-- Batavia.

*BEANCHES::~*

Banderasin. Bandung Calontta

; Djokjukerta

Kota Radje

Padang

Penang

Cheribon

The Hague Makar

Bombay Djember

Kobe

Mustan

Palembang Pacalongan" Pentana

Kotterdam Bamarany

Singapors - Boersba

Tega!

Umje

Rangoon

Shanghai

Forskarta (Bola-

Weltevreder

LONDON BANKERS ›-- National Provincial Bank Ltd.

Correspondente all over the world.

HANKING BUHINES OF EVERY

DESCRIPTION.

W. H. GROSKAMP,

·Agent.

Hongkong, November 4, 1974.

司公理管業實法中

SOCIETE FRANÇAISE DE GERANCE

[“DB LA BANQUE INDUSTRIELLE-

DE CHINE

ETABLISSEMENT FRANCO

OHINOIS.

(Incorporated in France).

5, Chater Road, Victoria, Hongkong.

HEAD OFFICE: 74, Rae St. Lazaro, Paris.

Subscribed Capital fully -paid-up Reserve Fund

Frs. 10,009,900 Frs. 10,800,000 -

Working fund provided by

THE BANQUE, INDUSTRIELLE DE CHINE.

Partn

"Frs. 60,000,000.

BANKERS:

Società Generale,

Banqu

Nationale de. Credit.. Banque de Paris et des Pays-Bas

London: Midland Bank, Ltd. New York: Irving Bank Columbia Trust-

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

M. FITZ-HENRY,

Manager. 10th November, 1924.

THE BANK OF TAIWAN, LTD.

(Taiwan Ginko.).

CA

Incorporated by Special Imperial Charter, 1800.

Mrs W.

Logan

Capital Subscribed Capital (Paid-up) Reserve Fund

Mr B. Carothers

D. Capt & Man 3. O. Mr and Mrs T. A.

Martin Carpenter

750 b. 756 ss" 11⁄2 140 m. -

n. H

972 9%

$46 b.

b. 278 en 974. b.. 45

2.80 b

b 2.90 sa 3.90

# 200 b.

11.

666 b.

A.

195" 600

1144

$64.

37-1/2 = #ijn.

IL. 55

b 88 m 30t

Mr W. H. Bource Man Leys

Mr

M.

b. 4.30

38.

$8

Brown

8 120 n.

130

n. 03/

b. 87

$ 17-1/6 n.

..18.10

$200 D.

21 55

66 2

3 bi b.

50/- n

n 57.6

Comb, 8174 a

7.

b. 161

b. ↑

b. B

b. 11-1/2

• 130 д 08. b,

b. bfi-

144

By a

P. 2:60 b

TABL b

b 102

***

$131 5. 7180 1919.20 s

b 120 118-0

A. 198

Mining

Kallan Mining Adm Langkata... Shanghai Loans 8'bai Exploration... Je b Afugle Langkats

Raube

*******

Tronoh Mines

Ural Casp. Benguet Con...

A. & R. Wharfs

H. & W. Dock

t'bai Docks

Now Engineerings.

TH

H

عدي

.*$203 b.

H. K. Engineerings. Shanghal Rongres ... Lands, Hotels & Balldings.

H.K. & Shat Hotels $15.40 n x.d. Now

80 Contab, HK. Developmenta Hongkong Lande.

$68 Humphrogs Estater Kowloon Lands Princes Building...· H.K Realty... H.K. Territorisia Rural Lands..... Cotton

11.

***

b 62 & 3 3 62/2

Mr BB. Cleland Min J. Mcλinih Mia M.Cooper Mr H. A. M's MIR 1. H. Cormack Mr E..E. Mimmsok Mr and Mrs W. A. Mr and Mrs F. W.

Cornel!

Manton

holma

Mr and Mrs J. D. Miss M. W. Nevr

Danby Lt.Crl.” R. A. Deb-

bir Mr N. C. Donald Mrs Gamers Killa Miss Ellis Mr and Mrs W. A.

Eustace

Mr D. FitzGerald Mr A Forbes

Miss M. Forbee

Mr W. Ogden Mr T. E. Ullerton

Mr A. H. Pens Mr A. Prismall Mr and M. B

Remington

Mr A. Ritche

L. Col. & Mra O.

Sandere

Mr & Mre T.G.Bcott Mr B. J. W. Foster Mr R. P. Shaw Miss G. Fothergill Mr R, B. Skaitan Mr and Mrs F. P. Mr and Mrs T. F.

Franklin

White Smith

....Yes 60,000,00

Yen 52,500,000 Yen 12,980,000-

HEAD OFFICE:

TAIPEI, FORMOSA.

BRANCHES:

JAPAN-Tokyo, Yokohama,

·Kobe.

Osaka, MojL

Karenks

FORMOSE Giran, Kagh

Keelung, Minkung, Nanto, Pine Shinchiku, Taichu. Tainan, Takowi, Taman, Tokyan. Ako.

CHINA-Shanghai, Hankow, Kiukiang;

Amoy, Foochow, Swatow, Canto OTHERS Bangkok, Hongkong, Slaga- pore, Soerabaya, SAMYAS Batavia, Bombay, London, Now... ..York.

LONDON BANKERS: London County Wostmister and Parr's Bank.

The Bank has Correspondents in the Commerci Centres in the Burapsas Coniduret, Buisla, HAM churia Tetogtao, Japan, Ir.do-China, Klare, India Philippine felunda,

TRUM FAMITION, África, and Dutch ladies, * Interest allowed on Gaurent Account, and· Phand Peports at rates which wlli be enolan' on applica

Z. YAMAMOTO, Manager.

Lt. E. C. Frederick Mrs & Riss G. E (.8% 15/16,40 x.d." New Mr and Mrs W. D. Stubbings b. 20 Centa

Goodfellow Mr and Mrs E. F. L. Mr and Mrs Geo, W. Sturdes

Grey

Nr 0.P. Sturdro Mr and Mrs B. A. Mrs J. §. Thompso

Hale

Mr&Mrs O.Thwaites Mio M. B. Hell Mins Thwaites Mr J. B. Hawker Mr A. W. Hokle Mr and Mrs. W. J. Lt-Col. and Mrs H.

Hawker

Trevelyan

#20-3/2 b

$160

n. 150

$4.30 b

*D. 4-1/2

15.00 n.

1. 4-1/2

$10 n.

At a recent meeting of the British Export Society Mr. C. R. Stowe made some interesting observations concerning changes in Chinese business methods.

of business was iransacted with Before the war an immense amount Docks Wharves, Godowns, &o.

the old class of Chinaman without a single contract being written. Unfortunately, the Chinese learnt a great deal during the war, when Western business morals. were stack and it was the common thing for contracts to be repudiated. So The profit of Gopeng Consoli- long as he can pay and take his dated for the year ended

goods away there is still no better September 30, 1924, was £109,003, man to deal with as a buyer than plus £8,382 brought in. Quarterly the Chinaman, but as soon as he is dividends at rate of 9d. per share, in difficulties he is a slippery cus together with bonus of Is. per share, making 20 per cent. The

Mr. Slowe thought that Great directors have decided to write off Britain was not getting all the trade £7,500 from pipe-line and mine she should in China, notwithstand equipment, to transfer £17,500 to ing the fact that British firms pre- the Geruntong

pipe-line dominated as regards financial (estimated cost of which is position, ability, and variety of £72,000), carrying forward £12,207, interest. He did not attach much subject to corporation tax.

importance to U.S. competition in Messrs Guthrie and Co., Kuala China, any geographical advantage Lumpur, have received a telegram being offset by the fact, that the from the secretaries of the United Americans do not understand the Sua Betong Rubber Estates, Ltd. Chinese. Japan was more to he stating that the directors have feared, and although there was decided to recommend, subject to much talk of the boycott of Japan- audit and usual adjustments, a ese goods, the Chinese were fipal dividend in respect of the essentially a practical people and Anancial year ended December conveniently forgot the boycott If 31 last of 12 per cent, payable it were in their interests to do so, dividend for the financial year of on April 27. This makes a total

171⁄2 per cent. The directors further recommend that £28,960 be carried forward-to-next-account,

-now

SUGAR PRICES:

ARE YOU BLONDE OR BRUNETTE ?

—It is a physiological fact that dark DAI SULLE KYO MOro suoject to coastipation that those who are fair, still," "avery" bony needs laxativo muist-noo" some- times, and Pinkelies, soit both sexes, wri

$11.85 b

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-T. 3 80 b.

b 31

2,60

T 60 b. Now $33-1/2 h.

10 New 1711,

Ewo Catton Mills, Ltd. Kang Yike Loot Kung Mow!... Orientale...ne Shanghai Cotton ... Yangtazopoos. Miscellaneous, ・

Cementa $10 b. How 8,85 b Cements "Combined #31 b China Lights (Old)

$24 n. 'do (New) #19 H Comb 39 6 38 am China Providents (16) n.. Now Sto Providents Combined

$98 b. $25) $ 65 n

Electrics Macao do Hongkong and Canton Ices Hongkong Ropes are hopes Camlined... Hongkong TramWAYI..." Peak Tramwaye (Old)....

(Now)

Do. Watson's wo Wm. Powalls... Lane Crawfords Canton Ice, 104, -FL.Et Construction Nanyang Tobacco

10 Sincares?

China

A world crop of 24.671,000 and every 189 AF HE short tons of sugar for the 1924-25

They correct constipation,” disper Beason is forecast by the Ameribulous atrick, sick head.ches. Iverlan

BAGE, O BAT "The nopoplexian, punify the o

GEOLOGY.

Can Department of Agriculture,bh. For Fil which cald that on this basis there heller. Your chamales was remote possibility that world pret

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18 n. New 10.fi a.

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$£9 b. & s

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b 24,80

b. 65/1/7 am 68

Mr G. M. Hems. Capt. R. F. Walker

worth

Cipt. A. E. Watta Lt. Comdr. G. FMTH. R Weller

Holo

Lt. A.J. L Whyte Mr H. Howell Miss C. Willmott

Mr R. Jenkins Mr and M 3. Min O. C.. Jenkins Wood

Mr GB Hugh Jones Mr G. C. Worall Mr and Mrs A. Q-

Kennedy

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:

11, Groschurch Surest, London, A. U. 3.

b151 New 10 b

b 40

† 291 en 29JĄ

Authorised Capital

1. 32

Bubscribed Capital

b. 8

Paid-up Capital

(n 29 Now n LA'

Reserve Fund

88,000,000

1,800,000

HONGKONG BRANCH,

3, Des Vœux Road Central. Hongkong, 5th June, 1924, ..

THE BANK OF CHINA 行銀國中

(Bpecially Authorised by Praldea:klajTM»

Mandate of the Republic of China

on the Bad of November, 1917).

Authorised Capital”............... $50,000 008 BI Paid-up Capital

$18,278,509.09

Reserve Fund

· HEAD OFFICE: FEKING.

HONGKONG BRANCH QUEEN'S, ROAD CENTRAL. Branches and Sub-branches all orst Cains and Correspondents in Europe, America, and other parts of the world, London Bankara:-The National Provinc eini and Union Bank of England, ItŁ, Signs The Guaranty Trust Company of New The Beak of Ragland and Duck York Bankers: Thu tryb

1,050,000

1,250,000

Wanda Tamper. Havajoca /

Paning LA ALMEAPONS

VERTER SET Mdowed on Cartiet dostuksi në p

10 National Bank ( "The Equitable Trust Company" "of

„Interest allowed on Current Accomtrs

bang granted an appr Specia. £acilities Kor:

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