1925-08-14 — Page 2

GREEN ISLAND CEMENT CO., LTD.

BEST PORTLAND CEMENT

SHEWAN, TOMES & CO,

General Managers

HONGKONG.

200000

CHINA PROVIDENT LOAN & MORTGAGE COMPANY, LTD.

Advances made on Landed Property, Goods, etc.

Trustees of Estates, Executors of

Wills, etc.

Warehousing of " Goods

Description.

For terma and particulars

Apply at the Head-Office,

of

all

THE CHINA MAIL COMMERCE AND FINANCE.

JAPANESE BUSINESS.

ENTERPRISES.

RESULTS OF A HALF YEAR.

the

THE OUTLOOK FOR HUBEER.

FRIDAY, AUGUST 14, 1925.

VISITORS AT HOTELS HONGKONG AND SHANGHAT HE BANK OF BAST, SIA, BANKING CORPORATIONI

HONGKONG! HOTEL.

Austin 19.

Miss T. M. Laka Mr and Ms J. MY M. H. Lystor

Lafferty & family MT O Lammert Miss B. Lillis Mr and Mrs C

Mancine

Miss D. Mateuil Hr and Mrs R. MacGi loWIT

The dividends of 325 companies for the last half-year of 1924 is computed by

"Deaks Mainichi" to have averaged 11 per cent. These included 272 in- dustrial enterprises and 58 "special," such as metal refining, electric, gaz and railway. The period under review compares favourably with the preceding six months and there is good reason to be satisfied with the results fair return on the capital they Mr & Mrs Olaments Me T. Prangle

BW. Chol- MR. H. Mowe

mondoler

Mr and Mrs B. N.

Colli on

Men and Mine McCauley

Mc G. N. de Man MrCM McDonald Mr O. Nilson Mr J. E Ullartwo

Mr H. E. Mogue

Mr. H. J. Welch, speaking on Mr Mrs à Miss

Adams the outlook far rubber at a meet- and Min R, W. ing of the Rubber Plantations Batema Investment Trust. made a con- sfr E. Buchscholy vincing defence of the Stevenson MR. J. Birbock scheme, and effectively replied to Mr H P. Bendiscen

Capt. Bentley Mr. Hoover, the United States ME. R. Bellion

The MN, Brale Secretary of Commerce. Stevenson scheme and the re- Mr and Mrs S. M.

Bandar markable increase in the world's

ME. G. Bilos demand for rubber have com- bined to dispose of the surplus stocks, while restoring the price to a level that gives producers a have invested in the costs of materials, for which these Legislative restriction is still Mr D E. Capplanan Mr P. W. I

on foreign necessary to prevent over-produc- Mr F. O. Crush industries depend

W. Davis markets more or less, have con- tion, but Mr. Welch, in common Mr

Mr Wa. Discot siderably increased owing to the with all who have the beat inter-MF. G Darios

the Japanese ests of the industry at heart, re- Mrs Debridge depreciation in

the shortage of spot Mr M. Dizidine currency In terras of other grets

Most Mr J. D. Dickie moneys, while the trade condi- supplies that has arisen.

Mr E. Ellis Mr G. Flaber tions are persistently adverse producers would be quite

Mr & Mrs Franklin despite all that has been done tent with a price of about 1s, 6d.

Mr & Mrs A. H. A. for improvement in the situation until restriction is removed.

Fong by drastic measures on the part of the Government and entre- preneurs. The net profit realised amounted to Y161,278,000, being 17 per cent. on the paid-up capital

con-

MrF.J. W. Fockon Mr William Gallo

WAY

WF. Gilman Mr & Mrs J. Gould Mr.K. Gears

The world, it should be borne in mind, is now using over a thou. sand tons of rubber a day, and had the manufacturers, in the restriction quarter which ended on January 31, added to their of over Y1,393,200,000.

purchases by a comparatively E. Goold The capital written off by in-trifling quantity, an additional

Lt. Com. and Mrs dustrial companies through con- supply of some 16,000 tons of MALL

KYLL Barr traction or dissolution totalled rubber would have been made Hr E. Howalt upwards of 80 million yen, as available for the market this Capt. T. P. Hall

M and Kes W. compared with over 100 million year. From most points of view

Hansen in the preceding period, while the it is regrettable that manufac-

J new capital invested fell off from tarers did not use their oppor- Y119,000,000 to 90 million.

tunity; but the difficulties of the Capital loans were raised dur-present, situation will gradually ing the period under review to an be rectified by future quarterly enormous amount, and were releases. largely appropriated for paying DVODOODOOQD off debt on less satisfactory terms and requiring immediate atten- tion. Thus most business was placed on a firmer basis.

"St. George's" Bailding.

Telephone C 781. Talegraphic address "RELYAT."

THE HONGKONG TUG & LIGHTER Co., Ltd.

Single packages and small consignments received and delivered by Motor Lighter.

い

Lighterage of any description undertakeri. Tugs and Lighters may be obtained at all hours.

Motor Boat and Launches available

for Bathing Parties.

For tarms and particulars spply at the

TELEPHONES:

READ OFFICET. GEORGE'S BUILDING.

Blend Office-Central 781.

Night, Sunday or Holiday

Mr. Welch estimates that the world's stock of rubber, visible and invisible, were reduced by about 50,000 tons in 1923 and by 65,000 tons in 1924, and that a further reduction of 30,000 tons The 272 companies secured an average profit of a shade over will have been effected by the end 20.7 per cent, which, having re- of the current year, The com- spect to the return on the 53 modity, therefore, is now in a

industries, special

averages very strong statistical position. As Manufacturers, I am afraid, will slightly over 17 per cent. compared with the figure for the set very little chance this year of previous terms. the general replenishing their depleted average shows no change, but a stocks and the purchases they gain is noted of 0.3 in the average will be compelled to make with for the manufacturing section. that object in 1926 will no doubt Changes of over 4 per cent. in help to maintain the price at a profits were made in the follow-satisfactory level. ing instances:-

Those that gained-Raw silk, silk weaving hosiery, glass,

Chinese Brasch Office-Central 4885. Ring up Kowloon 622. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX0000001 | match, flour, soy.

HONGKONG & TERRITORIAL ESTATES, LTD.

(Property Owners, Estate Agents,

ין

Land Valuers, etc.)

WILL UNDERTAKE THE

Development and Improvement of Landed Property and attend to all Branches of Real Estate Business,

Tel. C. 781.

For terms and particulars

Apply at the Head Office,

"St. George's" Building,

Telegraphic address "ESTATES"

Fresh Air

on Tap!

WHEN it is "set fair” with the thermometer In the

eighties you can always command a refreshing. breeze from your

Electric Fan

It will keep you fit until holiday time, and sustain

you at concert-pitch after-

wards

One unit of elec

will

drive a small fari for 20

hours.

Those that lost:-Mousseline, woollen, dyestuffs and cosmetics, confectionery, electric apparatus, general tools, printing

As to the disposal of profits realised, manufacturing indus tries distributed 49.6 per cent. of the total as dividends, keeping in hand 50.4 per cent. as reserves. Special enterprises offered 57.4) per cent. us the investors' share, reserving 42.6 per cent.

cent.

Mr. Hoover may be right in anticipating a real shortage of rubber by 1929. or at the latest by 1930, but, as Mr. Welch re- minded him, the shreatened short- age would have become the more certain and the more serious but for the Stevenson restriction scheme: for without that measure a large area of rubber would have gone out of cultivation.

RUBBER

Mr C. Based Mr and Mrs 8. P.

Barris & drea

chil-

Missed A. and F.

Hamilton

Mr and Mrs. X.

Hashim

Mr and Mrs W. A.

Bannibal

Hoffanster

Mr C. E. Bolmes Mr. E. Jensen 4:1. N. Joguer J. R. Jones

Mt A T. Jon Mr. Ribostone MV. Jobs a es Mr J... Josaph MEL Judd

We

Mr & Mrs Jaro

A. Keres

Mr M. F. Key Mrs Miss Lovell Mr and Mrs O.

Lauritsen Me and is H.

Iffoud

1.Mr. E. A. Larsen

Mr Iasac

Banook

Mr Wopp Mr & Mrs C. R

J. Partons. MrR B. Pope

W. Ponor

Mr & Mrs Biggen bachiand obild

Mr & Mrs Raintre Me J. Rutsoil' Mr A. H. Rowe' Mine M. G. Ryan' Mias M., Bammara

Mr Joseph & Jato-

Fimpson Mr. T. Sirezol Mr. and Mr B. Springburg

Mr & Mrs. A. D. Gilas and Infant Mr W. J. Vander

Star Miss F. M. Banagi Mr A. B. Soft

Mr Ed. T. Sus

Me J. T. Smith' Mr and Mrs P.

Serranin Mr T. S. W. Smith . H. F. Sommers

Dr.

Mr E. A Schwe-

singer

Mrs E. T. Snugge He K. Sparke

Mr C. R. G. Frod-

well

Mr A. Tutundan- Mr Trim - It. Col. & Mr G

Tokes

Mr & Mrs L2, the

Tobias

Mr & Mr MH. Yarn and child Miss M. Yos

Mr & Mes Wilson

and family Mr and Mr G. Woeser & child Mr D. R. Wood

MR. E. Wood Mr H Watkipá MrJ. E Wallaos Mrs B. G. Wi linza- Mr. Z mvolt

PMAK HOTEL.

Joly a

Dr J. W. Anderson Jangwin

Mr B. A. Arthur "Mr. Fl. Austin-

is E. B. Balley Or H B Me A Barton MY: Benjamin

Mr and Mrs. T. G.

Bearett Mr and Mrs P. W.

Binckwall Mr W. H. Bourne Mr M. J. Breen A greabalen] of correspondency is Mr and Mrs & L

Bridger The average distributed in divi-nction with the question of Mr 8. D. Carothers

appening in the financial press in

WIN BATON dends was a shade less than 11.3, forward sales by ribb companies Capt. Mes J. O. Taking 50 enterprises, 21 offered Contrs made some months ago for Oarpenter more than 10 per cent. per the sale of future production make MrR E. Clark. annum to the shareholders, and 9 declared distributions below 5 per the press at which the same rubbers I. H. Cormack

very poor shining compared with Mr. B. Osland

VI M. Cooper could now be paid, and where this Mr and Mrs W. A.

us ourinted the unfortunater direc Carpal tors are being staged by some of Me and Mes J. D. the storeholders in the letters they C. Dorald

Danby adders the peps. Most of Cala Doo these criticism, lowever, are quite a undir. It is customary for well- Meier de Man H. B. -courted companies to protet

Edwarda themselves by selling ahead come Mr and Mrs W. A. of Weir production, and MRI Farrell loug as this dings not ex-Mr od Mes 7. P. China Cotton: There has col 11 rosonable proportion. Franklin been but very little demand fort is merely following the dictates of 120, 0 Frederick spot cotton and whatever little ordinary business prudence. Where Lt. Col. G. Fits business transacted, during the companies have not sold ahead they, D. Good-

Gerald past week, was done solely for the lave been really gambling upon the

follow milla in the interior. However. illitood of a higher price, and r and Ers G. M. the principal feature predominant tuve come out on, top-in other

HAH

CHINA COTTON.

A SHANGHAI REPORT,

་

Messrs. J. Spunt & Co.'s cotton market report dated: July 24 atates:-

1-8. Fawi

•

Mr L. B. Vo

Mr and Mrs, 5.

Langaton

Me K. Laing Mr and Mr G. D.

Lery Miss Loyz Major A: 8. Little-

Johna

Mr J. D. Lloyd Mr LMB Lloyd Mr and Mr W

Engan

My T. Addis Martin Mr R. Mattingly Mrs J. McAlpah Mr LA MIS Mr. R. Millar Mr E E. Minrmaci Capt

& Mrs RA 1. Mor beard

Mr A. Morlay Mysed Mr W. N. Murdock

Mig & Mardock

MON M. W. News

bolme Mr W. Ogden W&P Pron Misi O. Pertos ** Mr. 4. Pelinai!

Mr B. £ Reming

Me & Ritable

Mes· Roberté. Ben Schfolth Mr. & Mrs. FG.

Boost

Me W. B. Belfort Mr WF.Simmons

Men de Mim G.. ་་ Stabbing

Studee Mr.G. P. Mr & Mr K. F. L

Stardes

MrG JTarunk Mir and Mica 0.

Home Mr Toklu

chases, in consequence', of which, for their shortsightedness

in bay STA

Hola

in our market was the liquidation words their gimble has been access. Wa M. B. Hal prompted by the lack of demand ful. If the price of rubber had from consumers, and spinners, fallen, the same people who are noys disposing of their previous pur-¦ writing to condemn the directors pfices show a decline of about sold some of the firture production Tis. 2.00 for spot and Tis. 0.75 lower prices, would be writing Tin Teckian cta., for forward deliveries. At to the papers attacking them for 1. Japon the close, however, the market re-their lucli of presiončatin, not hav-te la a Johnston covered about Tle. 0.50 cts., due ing wit ahend. Of course, where Mr. Foxphy to profit taking on the part of a company has sold practically the 024 Ragh Jane

| Mims 10. Recosdy bears, who were influenced by re-whole of its next year's production

Capt

|

Trevelyang Me L. D. Turner

and. Mps El

Capt. RP Walker Caps, & L. Walker | Mr-H. H. Wallar M LAATU Whyin Mias Ch Willmost

LUTHORISED CAPITAL

· HEAD OFFICE: Hongkong.

20 $50,000,000 CHÙAD AND FULLY PÁID UF $20,000,000-

BASATE FUNDS 2014 N

STERLING..... #4,500,000 SILVIN A $96,500,000 SBREVE LIABILITY "OF

$30,000,000

COUET OF DIRECTORS:

4. KeYoung, Bas---Chairma.

X.P. White, Bag--Deputy Chairman. W. H. Boll, Esq. Hon. Mr. A. O. Lang..

(LIMITED

·HRAD OPTIOR: HONGKONG Authorised Capitál ........ #20,000 Paid-ep Capital Se Reserve Fund

DE DIRECTORS).

Hoa 247 Chân Shin Son Tha

Fang Ping Shan Mok Ching Kong Li Koon Chun.

P. L. Kwak

Ng Ching Lok

Euth

Toma

Kan Ting Po

Pong Whi Ting Cănn Ching Chai

Every description of Banking Kxchange busivous trensasted.

D. 6. M. Barnard, Bay. W. Le Pattaday Eranted on approved securitias:

ka M. Compton, Baq, I. A. Pluması, Erą. Kam. Mr. P.H. Holyoak T. G. Waall, Bag,

CHIP MANAGKE:

'L EE BARLOW,' Esq.

Hanager: Shanghai-0). XL. STITT, Esq.

LONDON BANKIES.

Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in MODAL CURRENCY and "FIXED DEPOSITS 1sosived for one year or shurber perioda in Loost Currency and Shading on turma which will be quoted M application,

་་་ Hongkong, May 30, 1915.

HONGKONG SAVINGS BANK.

Ta

business of the above. Bank is conducted by the HONGKONG AND SHANGHAI BANKING COR-· PORATION. Role may be obtained

on application.

INTEREST on deposita la mărulated on the lowest balanos during each mom- plated Calendar Month at 3 per cent.

per annum. Should there be no balance ou say day in a month no intersat will be allowed for that month.

Depoeltors may transfer at their aption Balance of $100 or mors to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at QURRENT RATES.

For the HanazonG & SHANUMAI BANKING CORPORATION,

A. H. BARLOW,

Chief Manager. Mongkong 7th January, 1928.

BANQUE DE L'INDO-CHINE.

Wat

HEAD OFFICE:

#6, Boulevard Haussman, Pariz. abscribed Capital .. Fr. 72,000,000,00

- Pak-Up Capital... Fra. 83,100,000,00|

crudescent outlook in the wharf it in speculating as much for a fall of Mr. and Min J. D. B

labour strike.

ne if it-lied sold nothing, but such | Mr & Minn 7. Krogh Mr L. EL J. Young

loo

The professor of mathematics and his fiances were out roaming in the felds, when she plucked a daday, and looking roguishly at him, began to pull off the patais, saying, "He loves me, he loves me not

As to the future trend of themes are few, and if, te appejus market, we fail to see any reason most probable, producers next year for taking a bearish view of the will by allowed to export the whole situation, and we think that the of their standard production recent decilne should be looked they will ill have a surplus unsold upon merely as a temporary Shares are frequently tipped be evolution, for no sooner the mills cause a company has made no for resume working, it may be read less, but by now this has sonably expected that favourablebeen fully discounted in the price reactions will evolve: Therefore of the shares. I am still of opin You are giving yourself a lot ava The New Statesman of unnecessary trouble," said the we cannot encourage our friends to follow the bears too far and Paurico writer that most rabber professor You should count up, would rather have them meet the fahren will not only give excellent the petals, and if the total is an situation cautiously by buying on dividende, but will offerd all pur even number the answ good decline

linger hustid soms profits before the in the negative ieloka, of the yearće

the past week

Tellerking number, in the anti

Sworth

will be

|

SAFE DEPOSIT BOXES to belli, KAN TONG FO;.

Chic

Hongkong, 10th Febru

司公理管粟實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUR INDUSTRIALEH DE CHIAR.

STABLISSEMENT FRANCO CHINOIA.

(Incorporated in · Beance).

6. Chater. Road, Victoria,” Hongkong.

HEAD OFFICE: 74, Bus St. Lucinta

Parla

Subscribed Capital fully

paid-up Reserve. Food

Fra. 10,000!

Working fund provided by THE BANQUR INDUSTRILA

DE CHINE. Fr. 50,000,000.

BANKERS:

Paris: Sociste

Generals, Band May Nationala da Credit. "Banqu

Paria et die Pays-Bas, London: Midland 'Bank, Ltd.

New York: Irving Bank Columbia Ram

Co.

Exchange Business transacted. Ung Every description of Banking spondents throughout the world.

A. RULLIN, Manager Hoogkong, tod August, 191.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)

..

Butanganno 1834, 1

Hornyno Hradon Hgtantoren 1906

Authorised (apital 13. 180,008,000 £22 506,000

taserva Funda............. FIR. 59,857,288.54 | Pain-Up Capital ....G. 80,001,000 2 6 666,870

Tangkok

Batam Jauton

jibouti

BRANCHES: Hongkong

Paly.com Shanghal

Bingapore

Margiou,

Nosoft

Paperie

Lupwanz

20King

Tauruse

Laukow

Frum-Pank

minad

Pondicherry

RANKZES:

Beserve Fana ....§. 10290,867 A 1,711, 106 Spesial Esserra.....G.. zzádovýqu0 5 138520)

HEAD OFFICE :-Amsterdam KASTKEN HEAD OFFICE:-Jatavia,

·BRANCHES —

Yunnanfa Bendermania Basadowy. Bomber

Colectia Djokjakarta

IN FRANGE Comptoir Nasional d'Recompte Pada

Paris: Cendit Lyvanais; Banque de Paris ef Paya; Credit iniustrial as Gonemer uriete Generala

Basterds

IN LONDON: The Netional Provincial agaporn-- Jalsa Bank of England, Ltd: Comptoir Totional d'Facompte de Parių Credit Lyonnais IN NEW YORK:. J. P, Morgan & Os. from American Banking Corporation,

Dearmaty Trust Co. of New Yo

Iudaens allowed on Currens Aocomia and Mead Deporis socording to arINZINAZON). | svarý Amcription of Banking and Exchange Saeimas testCAVEDELI,

A. LECOT,

Manager.

Hangkong, March 20, 1924,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL

GĦARTER, 1853.

HEAD OFFICE: LONDON.

Fald-up: Capital Reserve Fund Reserve Lability of Pro-

· pristors.

.£3,000,000 24,000,000

„£3,000,000

FOREIGN EXCHANGE and General Banking businem Eononactedaj ENE

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for. 1 yunr shorter period at ratas which will be quand on application.

A. EL FERGUSON, Mengkong, April 15, 1928,

THE BANK OF CHIWA.

行健國中

(Bpecially Authorised-by: Presidential Mandate of the Bepublic of Chchaa How the 22nd at November, 1917).

Authorland Capital Win: $80,000,000/ Falster Capital Log

HEAD OFFICE: PEKINGS

ONG BRANCE

QUEEN'S BO

Überban

Djember

The Hague Kobe Maesmarg Medan,

Palembang Peonion gan „Puitlamak – Bangoda Semarang :: Bhangial Boerabais Boerskarta (Bele)

Welterraden

LONDON BANKEES! National Provincial Bank, Ltd. Correspondente all-over the world, BANKING BUSINESS OF EVERY DESCRIPTION.

M. J. HERBSCHIARI..

Agent. Hongkong, November 4, 1974. T

THE BANK OF TAIWAN, LTE (Talwan : Ginka)

Incorporated by Special Imperial Charter, 1829,

Capital Subscribed

Capital (Paid-up) Reserve Fand

Yen.

HEAD OFFICES: TAIPER, FORMOSA.

BRANCHES,

JAPAN--Tokyo,......... Yokaluma,

Oanks FORMOSA ––Giran,--. 1

Tosing, Makmg * Stato, Shinchiku, Taichu, Tainan, Tal Tamsul, Tobym, Akai AGES CHINA-Shanghai, Hankow

Foochow Swatow, Canton, OTHERS.-Bangkok, Hongkong,

pore, Sourabaya,

Bombay, London: Mes Terk, Calcutta,

LONDON BANKERS,

London County: Westminster,

*Parra Banks:/

HONGKONG, BRANIH

18. Der Vertex Bond Carsizdi

THE YOKOHAMA BERCIK

BANK

ETHE CHINA LIGHT & POWER 00. (1918)LTT).