1925-05-20 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION.

HRAD OFFICE: HONGKONG.

AUTHORISED CAPITAL..... 850,000,000 (ORGED AND FULLY PAID UP $20,000,000 BAJERVE FUNDS ---

STERLING..... & 4,000,000 SILVER....... $26,100,000, Beserve LIABILITY OF $20,000,000

PROPRIETORS.......and

COURT OF DIRECTORS:

COMMERCE AND

DEAR FOOD.

THE MIDDLEMAN AND HIS MONEY.

Food has now become dearer for two main reasons. The arst is the fallure of harvests through bad weather and the shortage of G. M.. Young, Emp-Chairman. II. P. White, Ear-Deputy Chairman animals caused by the war. The Hon. 2. A. 17, Lasecond is the increased demand W. Pattendes, Ex made upon the world's food by 1. A. Plammer, Hiqu the growth of the standard of life AM..ompson, y

in many parts of the world. The Bon.Mr.P.H. Holyoak T. G. Well, Big.

war helped this by increasing the number of meat eaters.

· W. H. Bell, Eas D. C. 3 Earunt,

CHIEF MANAGER: AH. BARLOW, Esq... Manager:"Shanghai-G. IL STITT, Esq.

LONDON BANKERS... Westminster Bunk, Ltd. CURRENT ACCOUNTS opened in and FIXED LOCAL CURRENCY DEPOSITS received for one year or shorter periods in Local Currency and Sterling on terms which will be qunted on application.

Hongkong, May 10, iǝ25.

HONGKONG SAVINGS BANK.

TH business of the above Boks anduoted by the HONGKONG AND SHANGHAI BANKING COR PORATION. Rules may be obtained "on application.

INTEREST on deposits is calculated on the lowest balance during ouch som- ploted Calendar Month at 34 per cent. per annum. Should there be no balance on any day in a month no interent will be allowed for that month.

FINANCE.

SHANGHAI PIECE GOODS.

THE CHINA MAIL.

LONDON PORT.

ROMANCE OF A HUNDRED YEARS.

"A hundred years ago the value

PRICES SHOW INCLINATION TO of London's imports and exports,

WEAKEN ÅLL. ROUND.

Messra. Ilbert and Co., Ltd., in their market report state:-

Prices show an inclination to weaken all round owing to the continued absence of demand and the consequent ever-increasing cost of carrylog goods In godowns. There is also a certain amount of uneasiness regarding replacing coats as the steady fall in quota- tions for American Cotton enables lower quote manufacturers" to prices than those prevailing a month or so ago, while rates of exchange at the same time show an upward tendency, and holders of goods are therefore more than ever inclined to liquidate their stocks rather than wait for an improvement in demand or ja values here, which appears to be

These are things which la Royal Commission "cannot cure at oncs, but it can make recommendations, for increasing the productiveness of British land, and for dealing more economically with British and Colonial food supplies.

Apart from the rise in prices, has the Royal Commission

the question of inquired into middlemen's costs,

The struggle for mastery be- HIGH COST OF DISTRIBUTION

tween two military leaders in The middleman is the distributorSzechwan has caused dealers there the agent who passes on food to cancel shipments for the time from the producer to the consumer. being, while Hankow merchanta There are many of these agents, report that substantial stocks of wholesale and retall, and it is to goods shipped direct from Japan be feared that their operations are serve to often very costly.

as remote as ever..

offset whatever other chances of improvement there "Sir Charles Fielding, the might have been from that quarter. agricultural

Was: expert who

Grey Shirtings Generally-The Director General of Food Produc-private market remains nominally Ition in the war, calculates that an steady but quite lifeless though at cnormous sum is unnecessarily the auctions prices showed a slight paid to the food middleman. hardening tendency in contrast to Writing in 1923, when wheat was other goods, which were generally 40s. a quarter, he calculated that lower. The following private sales the od charged for the loaf was are reported: more than was needed to pay fair 7ths.-Blue Cock at Tls. 3.10. profits to middleman and baker. With regard to meat, he reckoned in the same way that the consumer As to milk, For the Horses & Sir Charles calculated also that

Baskis Porronarios,

the consumers paid far too much. A. H. BARLOW,

A SERIOUS ESTIMATE. " Chief Mininger. Hongkong 7th January. 1925,

Putting bread, meat, and milk together, Sir Charles arrived at the following excess paid by consumers:

Depositors may transfer at their option: Balance of $100 or more to, the HONGKONG & SHANGHAI BANK

to be placed on FIXED DEPOSIT at CURRENT RATES.

THE CHARTERED BANK OF INDIA, AUSTRALI? & CHINA,

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE:" LONDON.

Paid-up Capital

Reserve Fund ........... Reserve Liability of Pro

priators

23,000,000 .£4,000,000

£3,000,000

FOREIGN EXCHANGE and, tienerul Banking business transacted.

- CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 7 year or shorter period at rules which will be

qualed on application.

A, IL FERGUSON;

Manager. Ilongkong, April 15, 1925.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris. Subscribed Capitni.. F. 72,000,000.00 Pald-Up Capital ... Frs. 68,400,000.00 ..... Frs. 59,607,243.54 Reserve Fund

BRANCHES:

paid for British meat.

....

**

£52,000,000 For Bread n

£78,000,000 For Meat For Milk ... £45,000,000 Thus we have a total of £175,000,000 paid in excess of the real vaine of the food supply of the people. This seems a stagger ing calculation. Moreover, there are also very heavy excess charges on fruit and vegetables.

a

If food continues to rise in price very serious situation will follow. Dearer food would lead to a fresh agitation for higher wages, which would so increase the cost of British output that our trade would further decline. That is a prospect we cannot face with equanimity, for out trade has not Jet nearly recovered its pre-war dimensions.

THE BAKING OF BREAD We must not loosely think that middlemen's charges are so high that they are necesssarily making big profits, and only close inquiry can show whether more economie arrangements can be made. One thing we have for a guide. During ..Orizon

Shanghai the war an official investigation of Bingapore baker's work was made, and it Tionaln

was then discovered that a 'very Toarne Yusanto large proportion of our bread is baked in a costly way, with inferior appliances. It was IN FRANCE: Comptoir National d'Escomjet estimated that

better da Paris; Oredit Lyonnai: Banque de Paris et

Bangkok

On to

Hongkong

MÝRDA

Megte

Nauma

Paperin

Paling

11

Parm Penh

Pondicherry BANKERS:

euroat Halpboo Falkow

- Hanoi,

were

In Pay-Bas; Credit Infustrial et Commercial machinery employed millions of money would be saved every year,

kocietá Generale.

IN LONDON: The Neill Provincial & Data Bank of England, Ltd.; Camptole Salsal compte de Paris; Credit Lyonni

IN NEW YORK J. 2. Morgan & Co. Trach American Banking Corporation; dossaty Trust Co. of New York.

Interesi allowed.on Current Accounts andł Firad Dawouīta socording to ATTAngelBAŠ,

Basjama tramaseted.

trary domaription of Banking and Exchange

A. LECOT,

Manager. Hongkong, March 20, 1924,

THE YOKOHAMA SPECIE "BANK, LTD.

Established 1880.

Capital (full paid-up).. Yen 100,000,000 Reserve Fund ....... Yen 30,500,000

Head Office:-YOKOHAMA,

Branches and Agencies at:

Batavia.

Bombay.

Виспов Аукса.

Calcutta,

Changchuni.

Dairen (Dalny),

Hamburg.

Newchwang. New York. o Danka. Peking. Rangoon. Rio de Janeiro. Fengtien (Mukden). Saigon. .

San Francisco. Saattle. Shanghai. Shimonoseki. Singapore. Soerabaya. Sydney, Tientsin.. Tokyo.

Hankow.

Harbin,

Honolulu.

Kal Yuon

Landon.

Kobe.

Los Angeles.

Lyons Manila,

Nagasaki.

Nagoya.

Tainaniu, Taingtau. Vladivostock.

has

JAPAN'S FINANCE,

BANK RATE REDUCTION.

84-lbs. Fireworks at Tis. 600, Blue Goose at Tls. 5.75

10-lbs-Rabbit and Moon at Tis. 800, Red Cock at Tis, 6·90,

12-lbs. 36-in-Red Cock and Soldier D. D. D. at Tls, 10:00:

White Shirtings. Here again market shows по the private glimmering of activity while a the auctions prices are irregular with an appreciable decline in certain qualities due no doubt to the uncertain political outlook in the Yangtsze valley. Sales ree ported are:-Large Red Dog at Tls. 11.50, Small Red Dog at Tis. 1.25, Five Five Gold Bats at Tis. 10.85, Nine Gold Tal" at Tis. 10.75, Mountain Flower No. 1 at Tie. 10.45, Fireworks at TIs. 6.25

Local Sheetings. There has been no inquiry and prices remain purely nominal.

Dyed and Fancy Cottons.-We have a featureless market to report, with buyers showing almost com plete indifference, and there has bean no material change at the auctions.

Cotton.-On the Local Exchange prices have.dropped a further Tis. 1.00 during the week but on the outside market prices have appre- ciated slightly coming more into line with exchange rates.

A premium is being asked for good white cotton of the Tung- chow, Taichong, and Superior Shanghai qualities, stocks of which are scarce.

Planting of the new Crop has commenced but weather conditions

favourable in. have not been Kiangsu Province up to the present. Yarn. Sampin quotations have declined to a point when Japanese Yarn could be imported at a profit. The local, market has ruled easy About 8,600 during the week. bales have been taken by retailers, Szechwan being the largest buyer. SOVEREIGNS STILL

REMOTE.

ره

Sir Laming Worthington-Evans, speaking at a luncheon at the Con- stitutional Club, London, said the question was, "When shall wo return to a gold standard?" rather than "Shall we do so? "Obviously there could be no return until we were certain :-

(1) That there was enough gold" for the world's needs;

The reduction of the Bank of Japan's official discount rate from 8 to to 7 3 per cent, is regarded in England as an indication that Japan avercome the worst of her recent financial troubles, and the favourable impression it has treated is reflected in the appre ciation of the yen. The reduction marks the reversal of the move

(2). That this country was in a ment of November 18, 1919, since position to command the use of a which date there has been share of the total which was Chief among the sufficient for this country's require- other change. features of the recent improvementments. are the decrease in the note circu

He did not think there was the lation (about Y50,000,000 less than slightest chance, at any rate in his a year ago), fall of the market lifetime, of again having golden rates, downward tendency of sovereigas to jingle in one's

sovereigns in circulation.

FORWARD SALE..

EXCHANGE.

ongkong, 20th! May 1996.

· 30 day'

monthy sight

"Oradita. 4. mon kia" might taken together, did not exceed

Documentary, 4 months aigiri 2/3– thirty-five millions. To-day they On Parl

On demand...

10015 are nearer nine hundred million

Uredit pounds. In 1880 no rhip of ten. On demand me On demanda pak thousand tons register could ap-On New York-

Credite, 60 days' sigh) can be On Bombay-- proach Tilbury. Now vessels up to thirty thousand tons

Wire berthed there," said a writer in

On demand... the "Daily Express" concerning On alati

retirement Devonport's Lord from the chairmanship of the Port of London.

On demand On Bingapore

Onderland an

On Manila-

On demand

On Shanghai-

Do demand

-

* 149]

1*

WEDNESDAY, MAY

VISITORS AT HOTHLA

#HONGKONG, HOTEL

Mr H. A. Andertwathies: V. Houriand Mr (I. Andres Me and Mrs A. W.

Mr M. Axelrood Borsa

Mr

Mr V. B. Jonờn •

Mr T? W. Barnes

N. Beals

Mr A. K. Jonson,

A. Beaumon

Mr. J. Beck

Mr J. H. Johnstona Mr J. B. Jones

Mr. V. Benjamin Mr J. E, Joseph

Mr. 1. 2. Jellion Mr.

Caps. Bentley

Mr B. J. Birbock Me and Mrs A.

Blackburn

Mr. C. Burgos Mr Betty Barbos Mr. D. Capplem Mr J. H. Quok

Laurthe

Mr H. Loods MM; J. 8. Li ánk,

Mr A. Luxbird Mis H. Lirtile Mr and Mrs Lissiy Mr G. N. de Man Mina Dorotky Me

Mr George E2 Corey, M. F. W. Cottin

MM. Meyako

Cotton Me J Holtzer

fordMr R. Mon-soba

ME. F. Orawford Mr. C. B. Mangwa

D6

108

Tonom

Mrs G. I. Davis MP J. D. Deckle Mr. O. W. D. Van

Donnser

"In 1909 the docks and tidul wers of the Thames were placed, under unified control, and the new Port of London Authority boasts a building, seated on Tower Hill, which in its interior accommoda- tion and decoration" outrivals the Houses of Parliament. The Eosglong 50. oh oh, man fusion of the old dock companies, with their.futile competition and petty jealousy, was accomplished only aftexter contention.

(30 days' sight (private paper)

On Yokohama On demand...

1281 Gold Lost, 100 fine (per tool) 47.40 Sovereigns (Bank's buying rate) 8.88

BIL Silver (per os.)

SUBSIDIARY USERS.

10

T

5

13.

Canton solos. Bar Silver in Hongkong Chinese Copper Cash Chinees Copper Derbe ... Rate of Native Interns Chinese Sub.. Cola Hongkong Suh, Cola...

218.60 %, dia. 19% pen. 10% pm. % pm. 82117 Z out 89% dis

*x die.

Miss. En les Mc S. T. Eura Ma and M.

Fell:

Mr 4. Morton Mr W. Moje

Mie IB. H. Mus

STEVO

Mi R. Nicholast Mr E. O Farrell

E.Me. Ollivar

Mc J.B Ollortog

Mr.J. W. Fookoo Me M. H. Omilloy Mr and Mrs A.H.A.Me E. Omsor

Fong

Mr. R. J. Mr and

Paraco Mr. W. EL. Perohard

Mrand Mrs George

H. Franco

| Mr and Mrs, P.D.G. Mr R. H.. Pope

Gain

Mr B. H. Puonor

Miss A. L. Grifin --Mr Alex Ross Mr. & Mrs. J. Gould Mr. A. H. Hows Dr. D. R. Eswier Mr Joseph Batos ky Mca. O Glam Mr and Mrs. A

SA1208 Vir J. T Goldsmith

Mr A. H. Gordon Mr & Mr Schofield

Mr and Mr Froevo Mr. & Mrs. A. D.

Silas & Infant Mr H T

r

And Capt. £ Siqulland

Rasoihal

Mr and Mrs Clay

Smith

"Lord Balfour essayed it and failed.. Success came when Mr... Lloyd George became President of the Board of Trade, thanks to and financial fore- the courage sight of the Under-Secretary, Mr. Hudson Kearley, M.P., now Lord sixteen years' unselfish devotion Devonport The sum paid to to duty. With a confidence and

Dr. H. F. Bomment compensate the old dock share boldness of conception possessed

Mr K. Salo holders was large, but it was by few, he has carried out dock

Mrs E. parke money well spent to gain civic extensions and developments Mr. G. A. Harriman Mr H P. Sure y

Mr C. Suteriyo Mr A. 3-Hayan- Lord Devonport, after which to be appreciated must, for H. Herbsoh Mr TC odd his statutory triumph, gave up mile after mile, be reviewed by Lab

Mr H. & Vander his sent in Parliament to assume the eye. The expenditure on the b

Werken the office of first chairman of the Port Authority.

control.

"This great (though unpaid) post he will lay down to-day after

Mr. A. Y. Hany Capt. T. P. Hall Misses. A. *. F.

Hamilton

port under his direction runs into Mr. CE Holmes Mr and Mrs G nearly twenty millions, and it has Mr. and Mr B. W. Woeser & child

Borland made the Thames an imperial harbourage.”

LOCAL SHARE

MARKET.

SPFICIAL. QUOTATIONS.

MAY 70. Name

Bank

10.30 A.X

Mock Kacharge

2/1 73-1-2

8.8.B.C. T.T. on selling rate

London

MAY 20: Sharebrokers' sasociation. Bank.

and-on Shanghai Hongkong Banks 128 b 1707 London-E133) b Chartered Bank ... ett b Mercantile Bank & B £29-1/9b. do. 0 213-1/8 h.

P. & C. Bank

Exot Aris Bänk Marine InsGERBOSE: Canton InsurBOQOL China Undia

North China Insurance

Onion Insurance in Yangtans Insurance

Fire InsuranOWN

China Fire Insurance ... Hongkong Fire Insurados... Skipping

Douglanes...

1. R. Blabosta

יי

Hoogkong Tags and Lighter +n. Tado-Chinas (Prof.)

72-11

b 1300

b.

b. "&" £19

b. "0 £134

b. 2111

b. 763

100

{

REPULSE BAY HOTIK.

May 17.

Mr & Mrs & W.Vanraad Mrs Elicks

▲ dol & child Mrd Me 3: J. Dr W.. F. Autenburg Lason

Mr and Mrs ALAM & E. Lond

Mrs W. W. Weak Carleton Mr. Jorley

My sad Mrs. J. K. Mr and Mrs L. 8. Parker

Mr & Mrs. Rohegre

Mr & Mrs A. D G-Mr W. G Simpson

loway & daughterMr & Mrs W. G. Mr. Godson

Mr 5. Hart

Vander Stoen Mr & Mrs Townnud

Mr and Mrs ChestarGenera! Lan Chan

Esworth

WAZ

Mr and Mrs M Y.Mr & Mrs Weat Horilschield &ebild worth

PEAK HOTEL

May 15.

Dr J. W. Anderson Mi G Kennedy

Mr 8. A. Arthur Mr M. F. Key

Mr & Mrs F. Austin Mra L. E.

eo Mr and Mrs K. R

Mr and Mrs S. E. Mr and Mrs T. G. Langston

Beanett

Mr E. Larsen

Mr and Mrs P. W. Mr and Mrs G. D.

Blackwoll

Mr W.H. Boatne

£11

97.

750 h.

(3,46 bɛ 2,45-3) en-

b 3.45 ka 3,452 80

7:40 0

1 140

100 b 300"

По

DU D

b. 18

4

Miss E. R. Bally

De H. Balenci

2:00 h.

200

670 b

573

Mr J. A. Barton

..

b 37.12 m 371-38

5, 4-112

*. 38

110 =

144

(H, E. Reg.)

190

2.

190.

Ask b

д

AB-

-

b +3 83 85

17-1/4

171

- BSK n.

n. 255

Mr 8. H. Clark

55-12 à 61 * 83 em

b80-1/

52 8

* 510

MU M.Cooper

Mrs I

sin

67/3 n

13 $7

Camb. T15-16 261 sa

b 16

CA. BIB

5. 11-1/2

do. (Def.) do,

Shell Transports Star Forrior .. Water-bosta Oriental Nav. Com wanneries

China Bugar... Malabon Sugar Mining

Bengnete Kailan

***

T

Mining Adm. Langkatika) Shanghal Loans ... 7. S'haf Explorations. 5-! b Ringle Langkat. Til b.

Fanba Tronoh Hines

IN

T

13: m

54

Ural Casp. Dock

Wharyes, Godowns, &s. E & K. Wharfs

W. Donke H. & Shanghat Rongkowɛ.

New Engineerings... S/bat Dooke

Hongkong Amusements

195 b

190 in 194-1 2/5

116.

# 116

T9 BB Tizzt n

n. 9

e 132

20 6

-

A. E. Engineeringa Lands Hotels & Buildings, R.K.

8baf Hobela #15 B. BOY

Hongkong •Fanda'...

H. Realby_

Hamubreye Estabel Kowloon Lands Princes Building...... H.K. Ferritorial... Baral Lands....

Cotton Wille

T

***

-1.15 au 18.10

-82 b 93-4 an

b 84

0.41

n 101

150 w

Ba 110

b9..

2-5-1/2

10 m.

Tilt

b&. 11

+

1.3.80 1.

3.80

Rwo Ostion Mills, Ltd. Kung Yis

Laon Kang Mowy..... Orientals Thanchal Cotton Tangtsepool

Coments

Demente "Combined

Chton Lights (Old)

7. 57 m. Noir T 31 3.

25-1/9 #25)

do (New) is a. Domb 27 n China Provident 15 a. Now 14, n. H.E. Devalonzačnite

D 80 Goals Providents Combined,

both wholesale and retail prices pocket. There would have to be a since January, a great improve great deal more gold fa this coun ment in foreign trade, and a contry than we were likely to get for MiscellaneoRS, siderable strengthening of the long time in order to have golden

In the City it is dollar exchange. believed the reduction in the Bank rate will not cause any out- flow of foreign capital from Japan. The smaller risk attached to the

The Directors of the Jimali Rubber possession of "balances in yen Estates, Ltd., (Singapore), have counteracts the lower yield. In sold 12 tons of Standard Sheet for Japan the BACK rata has delivery in équal quantities monthly less significance than in Lon July/December, 1925 at seventy- don and New York, stuctivo and a half cents per lb. relatively speaking, the Bank of

Japan has little control over the

Intercet allowed on Current Accounts.activities of the country's privateThere was no reduction in 1922 Deposits received for fixed periods at banks. The latter, however, large and 1923, in spite of the progress- rates to be obtained on application.

C. ARIMA,

Manager. Hopakong, 11th March, 1926,

ly lofluence the money market Changes of the Japanese Bank rate comments, the Financial News," have a psychological significance

raised to 8 per cent in Nov 1910, as; a warning to the crisis, whose first vi

and which swept

world. Ever since March: 15, 1925; mained Pithough – the

underwent rü:

towards recovery from the slump of 1920-1921. Nor was there any further increase in 1923 and 1974, notwithstanding the earth-

Dairy 2/kzmdes

Kloote lowe

MACRO "do

18 n. New 10.30 n.

Hongkong sed Onnion Joes Hongkong Hope... Hopes

he Dot (Haw)

the Powell

Lane Crawforda Canton Loo

Now ? In

60 New 35 t.

(s/:19-1/2-Mer 1. D. (Comb, b'25) an 36-1/3

Tew n. 10 Comb. b. 23) 2, 24).

10 New 12.82 n. "bu 00 Cócte Comb. 8.48-1/

80-1/t an 831-1

• 17-18 Now 10 b

- 1408 # 41-1-3 m 4-1341

(on 23 Now ↳ #1617

Mur Legs

Mr M. J. Breen Major A 8. Little- Miss P. W. Brown Johns

Mr and Mrs R. L. Mr LM B. Lloyd

Mr J. Lloyd

Bridger

My 8. D. Carothers Mr and Mrs W.

Capt. & birs J, O.

Carpenter

Mr RB. Cleland

Бодита

Mrs J. MoAinah

Mr R. Mollar

Me J. P. Miller

MY EL, A. MINU

B. Cormack Mr E E. Mimmso"

Mr and Mrs W. A. Mr And Mrs J

Cornell

Krozh-Hoe Mr and Mrs J. D. Capt. R. P. Mon.

Danby

tearo

Lt. Col. R. A. Dab- Mrs O. L. Morse

Mr and Mrs W. N. blo Mrs N. O. Donald EL. Mardonic Mr and Mrs H. B.Miss F. Mardock

Miss M. W. Nows-

Mr W. Ogden

Edwards

Bastos

Mr and Mrs W."a._holme

Mr R. Farrell

A. B. Pepp

Mr A

Lt. Col. F. G. Fitz Mr A Prismall

Garsid

Mr.B.R. Remington Mr A Spott

Mr D. FitzGerald Mr A.

Mr A Forbes

Mt W. R. Beiffort His H. Forbes Mr. B. W. Foster Mr B H. Skelton Mr and Mrs F. F. Mie & Mid G. L.

Franklin

Stabbings

Glen

IA. E. C. Fredriole Mr and Mrs F. L. Mr and Mrs R. R. Stardes

Mr G. P Stordee Mr W. D. Good tallow Mr G. J. Tarrant Mr.B. A. Hala Mrs J. 5. Thomson Miss M. B. Hal Mr and Mrs. Mr J. B. Hawker- Thwal-es

Me W. J. Hawkene Me &. W. Tickin Mr G. M. Hems-It-Col, and Mrs H.

Worth

Trovelysa Lt. Comdr. G. Mr L, D. Turner

Holo

and Mrs J. Capt

Walker: Mr H. Howell Mr. Jenkins Mr E R. Woller Midz 0. ↑ Jeskla Lt. A.J. L. Whybe Mr F.A. Johnson Miss C. Willmets M-Q.8.Brick Joan? Me and Mrs V. J. Me and Mrs A. 0. Woori.

Kennedy

Kr LHLF. Young

THE BANK OF RAST ASIA” LIMITED..

THE MERCANTILE BANK OF INDIA, LTD,

13, Gracechurch Street, London, 31. CL. Authorfaed Capital Subscribed Capital Paid-up Capital. c«-•- Reserve Fund

'Tis Bank at Thedina,

-HEAD" OFFICES HONGKONG.:

“Authorised. Capital 2007910,0 Paid-up Capital: 1,000,000 Resorge Fund

DIRECTORS

Hom Mr. Chow Shoa. Son-Chairman Fung Ping Shan Mok Ching Kong Li Koon Chun Wong Yun Tong

P. K. Kwok

Ng Ching Lok Pong Wa Ting

Huynh Thi

Kan Ting Po Chan Ching, Shek Every description of Banking an Exchange business transacted. granted on approved: socurities."

SATE DEPOSIT BOXES to lat..

'KAN TONG PO,

Chiof Manager.

Hongkong, 18th February, 1926.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING. SOCIETY,)

BULANLINKY –1894. Homaxono BRLINOH ESTÁNLAORED 1906

Authorised spital d. 150,000,000 £15 800,00€ Paid-up spital...G.. 80,000,000 £600, Berre PauG. 20,045,083 6-3 670,419 Special Reserve... 23,660,000 £ 1,588,390

HEAD OFFICE:----Amsterdam. HOSTERN HEAD OFFICE :-) ntaris.

BRANCHES Bandjeramin Bandong Calectin Djokjakarta. Kota-Kadja

Padang

Botterdam

Singapore

Tagal

"

Bomber Cheribon Djember The Hague Kabe MaOVAT Mudan

Palembang Peculi gan

Partia

Bemarang

Boembrin

Thuthum

Rangoon Blogbai

Boaratama (Bolo)

Weltevradim

LONDON, BANKERS:- National Provincial Bank, Ltd. Correspondents all over the world. BANKING BUSINESS OF EVERY DESCRIPTION.

M. J. HERBSCHLER

Agent.

Hongkong, November 4, 1924..

的公理管業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINE

STABLISSEMENT FRANCO

CHINOIS.

(Incorporated in France).

5. Chater Road, Victoria, Hongkong.

HEAD OFFICE: 74, Rus St. Lazare, Pars

Subscribed, Capital. fully

paid-up. Reserva Fund

Frs. 19,000,000 Fra. 10,790,000

Working fund provided by

THE BANQUE INDUSTRIELLE

DE CHINE..

Paris:

Fri. 50,000,000,

BANKERS:

Sociote Generale,

Banquer

Nationale de Credit... Bargos de Paris et des Pays-Bas," - London: Midland Bank, Ltd.

New York: Irving Bank Columbia, Trasă

Co.

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

M. FITZ-HENRY.

Managor Hongkong, 13th February, 1925,

THE BANK OF TAIWAN, LTD. (Taiwan Ginko.)

Incorporated by Special Imperial Charter, 1890,

Capital Subscribed Capital (Paid-up)

Reierve Fund

Yen €0,000,000

Yen 52,500,000

Yen 12,980,000

HEAD OFFICE: TAIPEH, FORMOSA.

BRANCHES:

JAPAN-Tokyo, Yokohama, Kobe,

Osaka, Moji.

FORMOSA-Giras, Kagi, Karenko,

Keelung. Makang, Nanto, Pina, Shinchiku, Taichu, Tainan, Takow, Tamziti, Tohyen, Ako, CHINA-Shanghai, Hankow, Kłukiang, Amoy, Focchow, Swatow, Canton. OTHERS. Bangkok, Hongkong, Simen

pore, Soerabaya, Samarana, Batavia, Bombay, London, New York.

LONDON BANKERS: London County Westminster and Purr's Bank.

The Bank has Correpenitenta in the Commureimb Cesti is the Buropean Continent, Bus BEAM- shuria Tringino, Expan, Indo-China, Siam, Julia, Philippine Falandı, Sara, and Daveb Indɔna. Aukla mala, aterina, Alilon, 46.

Interwet allowed in Cormal boo, and Band Deposita at zalon which witi da quotes un upplien

Z. YAMAMOTO, Manager.

HONGKONG BRANCH:

, Des Voeux Road Central. Hongkong, 6th June, 1924.

THE BANK OF CHINA. # # (Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917). Authorised Capital $60,000,000,00 Paid-up Capital

$19,278,600.00- Beserve Fund...

$ 0,620,425.22

HEAD OFFICE: PEKING.

HONGKONG BRANCH:

4, 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 Provi

cial and Union Bank of England, Ltd. The Guaranty Trust Company of New

New York Bankers! →→ The ~ Irving.

National Bask The Ergitable Trust Company of New