1925-08-24 — Page 2

GREEN ISLAND CEMENT CO., LTD.

BEST PORTLAND CEMENT

SHEWAN, TOMES & CO.

General Managers

HONGKONG.

CHINA PROVIDENT LOAN & MORTGAGE COMPANY, LTD.

Advances made on Landed Property,

Goods, etc.

Trustees of Estates, Executors of

Wills, etc.

Warehousing of Goods of all

Description.

For terms and particulars

Apply at the Head-Office,

St. George's" Building.

Telephone C. 781. Telegraphic address "RELYAT."

THE HONGKONG TUG & LIGHTER Co., LTD.

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

A

W

Lighterage of any description undertaken. Tugs and Lighters may be obtained at

all hours.

Motor Boat and Launches available

for Bathing Parties.

For torms sad particulars apply at the

TELEPHONES:

100

HEAD OFFICE-ST. GEORGE'S BUILDING.

Head Office-Central 781.

Chiness Branch Office-Central 4895.

Night, Sunday or Holiday

Ring up Kowloon 622.

THE CHINA MAIL.

COMMERCE AND FINANCE

SHANGHAI MARKET.

Yarn Stocks Rapidly Depleting.

JAPANESE MILLS.

Competing Successfully Against British.

COTTON.

Italy's Competition.

MONDAY, AUGUST 24, 1925.

HONGKONG AND SHANGHAI, THE BANK OF BAST ASIA,

BANKING CORPORATION.

HEAD-OFFICE: HONGKONG. Authorised Captral .............. $50,000,000 SULED AND FULLY PAID UT $90,000,000 REELYR FUNDS (---..

STIRLING... #4,500,000 °

BILVER......$26,500,000 KMKURYE LIABILITY OF } $30,000,000

PROPRIETORA.......................}

It was reported to the annual Mutual Association that Mr. S. meeting of Blackburn Mangers |

Watson) un active manager and educational worker; had just return- While from a purely statisticaled via tour at Continental cotton On the whole there is little change point of view the cotton spinning mills. to report in the Shanghai markets, and weaving mills of Japan show that Italy was making progress in In his report he recorded says the "N.-C. Daily News" of ed a decline in production last tile competition, and would August 18. Tea is athil interesting buyers, and at the beginning of the year, the industry actually made develop on serious lines in about The Italian week the activity which had been considerable forward progress. twenty years' time. shown the previous wosk in silk.The earthquake caused a marked mills were in full work and meld G. M. Bernard, Beq. W. Pattanden, Beq,

decrease in the number

of booked up with orders, a large pro spindles in Japanese mills, but re- portion of which were for the placement has been made in many Egyptian mackót, which was closed cases and new mills have been into Britain,

been steadily built until they now many cases and new mills have number approximately 250.

was maintained, though business is now quieter. China produce com- mands only a very small amount of attention at the moment.

seem to have been in more demand As regards imports, piece goods during the week than was the case last week, but the strike situation is still so critical that no decision regarding auctions line as yet been mude.

Yarn stocks locally are quickly decreasing owing to a steady de mand principally from the north, All reports, however, show that Japauses imports are helping to make up the deficit.

Pieco Goods.

After the full last week in piece goods there has been rather more activity during the present period. A certain amount of forward con- tracting is still being done through Continental-firma-but there is increasing demand through British firms. The business would be in- doubtedly greater, only that Shang- hai, prices are too low in many

creen.

A number of firms, not usually concerned in piece goods, have endeavoured to make the best of the present situation in their own interests, but on the whole they have not had much success. The German dealers now taking ordere for British piece goods are on the whole intimately acquainted with the trade, and so are competent to handle it. Others, however, who saw the possibility of muking profits on what to them would be a sido line, have not been so successful.

Home firme generally preferring not to make any commitments with

them.

The auctions remain in abeyance, in spite of conversations which have again taken place this week.

A BANK'S EXPANSION.

The profits of the National Bank of New Zealand for the year ended March 31 lust.oppear to justify the recent capital issues made by this

000000000XXXXXXXXXXXXXXXNOQQUOIMENOM | javalitution." In May last 200,000

|

The Financial and Economical Annual of Japan places the num- ber of spindles in mills in that country at 4,220,000. This figure decline of nearly indicates a 200,000 from June, 1923, due to earthquake destruction.

No figures are given as to last year's cotton goods import trade with foreign countries, but im- ports during 1923 were valued at 623,768,342

against 38 yen 444,526,962 in 1922. Exports in 1928, were valued at 284.764.000 yen as compared with 222,052,000 in 1922.

He had visited many Lancashire mills, but he felt sure there was none which would surpass one Italy. which he inspected in Situated near Milan, it was driven by electric power obtained from the water running down the mountain, Thry had a stock of 4,000 baice of cotton, and spun a big variety of comte, all of which they used them selves. The workpeople in various departments were easily recognis able by their attire. The wages weer not so high as in Britain and the cheap power was a serious factor in trade competition. Longer credit was given in Italy, and on each board of directors was a finan cial expers, whose sole duty wse to give advice on finance

CONTRACTS.

Japanese mills have been com- peting quite successfully with the British and the principal destina- tion points of Japanese cotton goods are China on India. The introduction of Western methods D.O.T. Items

The specificationa for the are available for

4 COURT OF DIRECTORS: 4. 30 Young Ling---Chairman, IL P. White, lagu-Deputy ChatFIER. F. L. Ball, K 1-ị Hon. Mr. à. Ọ, Lang,

El Compton, Kan. A. Pigismer, Raq MF.H. Holyoak T, GW, Lag

CHIE MANAGER; A. H. BARLOW, I

damager: Bbanghal-0. E. BTXT, Hog

LONDON BANTERS. Westminster Bank, Ltd.

CURRENT 'ACCOUNTS opened to SOCAL CUBRENGT and FIXED BMPOSITE received for ODS FORT OF ter periods in Local Currency and Hurling on terme which will be quoted

pacation.

Hongkong, May 30, 1925.

HONGKONG SAVINGS BANK.

conducted. by the HONGKONG | THE basiness of the above Bank is AND SHANGHAT BANKING COR PORATION, Bules may be obtained on appilostion.

INTEREST on deposita la osloulated on the lowest balance during each com- plated Calendar Month at 34 per cent. per annum. Should there be no balance | on any day in a month no interest will be allowed for that month.

of manufacture together with inspection at the Department of the already low labour costs has Overseas Trade (D.O.T.), 35, Ota

Queen Street. Westminster, Depositors may transfer at their enabled Japan to make serious

S.W. 1.

option Balance of $100 or more to the inroads in British trade and in

Reverse Power Relays.-Johan- HONGKONG & SHANGHAI BANK some cases that of the

nesburg Municipal Council to be placed on FIXED DEPOSIT at States.

(D.O.T. ref B.X. 1897.) (August CURRENT BATES. 1.)

United

The competition of Japanese cotton products is based almost solely on the question of price and because of this many of the markets in which cheaper fabrics dominate have been practically monopolized.

Steam Tug-boats. Antwerp Municipality. (D.O.T. ref. A.X. 2151.) (August 31.)

For the HosoZONG & SHAWGKAI BANKING CORPORATION,

A. H. BARLOW,

Mongkong 7th January, 1928.

Chief Manager.

· LIMITED, ·

·HEAD OFFICE: HONGKONG. Authorized Capital ...........$10,000.0 Paid-up Capital

Emerys Food a

8,000,0 1,000,

DIRECTORS:: Hon. Mr. Chow Shou Bon-Chabria Fong Ping Shan Mok Ching Kond Li Lom Chun Wong Tan Tom P. K. Kwok Hayth Tai Ng. Ching Lak Kan Ying Po

·Fong Whi Ting ~ Chan Ghing, Sh Every description of Banking kechange business transactad. granted an approved securities.

SAFE DEPOSIT BOXES to le EAN TONG 20

Chief Mannek

Hongkong; 18th February, 19%,

司公理管業實法中

BOCIETE FRANCAISE DES GERANCE

DE LA BANQUE INDUSTRINAAS DE CHINE STABLISSEMENT FRANCO CHINOIS.

(Incorporated in France),

5, Chatan Road, Victoria, Hongkon

HEAD OFFICE: 74, Bus St. La

Subscribed Capital fully

paki-up Reserve Fund w**

.་་་་་་་་

Working, fund provided by “THE BANQUE INDUSTRIELI

DE CHINE Fr. 50,000,000;

Paris!.

BANKERS:

Generals,

Boelste

Nationale de Gredit. BanCENÉ Paris et des Pays-Bas

London: Midland Bank, Lt. New York: Irving Bank Columbia Be

Ca

Every description of Banking echange Business transacted. Des spondants throughout the world.”

A. ROLLIN,

Mangw

Hongkong, 2nd August, 1941.

NEDERLANDSCHE HANDEL

MAATSCHAPPLI

(NETHERLANDS TRADING SOCIETY,)

MARISEENO 1896.

HomeLove Zlaşık Hitantum: 1908

Steam Coal-Lithuanian Rail- (D.O.T. way Administration. Cotton manufac-ref. B.X. 1891). (July 15.) HÀNQUE DE L'INDO-CHINE. tures in England are well aware

Paper and Boards.-Egyptian. of the Japanese, progrese

and

Government Press (D.O.T. ref.

HEAD OFFICE: - ways and means have been dia-B. 1994.) (July 25.)

16. Boulevard Hausman, Paria. cussed at length during the past two years as to the best methods and Nuts, and Locomotive Fund. Fr. 59,567,836.54 Authorised (apital F. 1150,000,000 811 800 a

Cable, Mild-steel Rivets, Bolts becribed Capital : Fra. 72,000,000.00 Paid-up Capital FTK. 68,400,000.00 of meeting the increasing com- Buffers. Inspecting Engineer. petition. Because of the in- Egyptian and Sudan Govern- ability to lessen production costs ments, Queen Anne's Chambers, palmbeac to any appreciable extent, British Westminster, London, S.W. 1. mills have, thus far been un- successful in their attempts to Mechanical Water-cooling Units," Diesel Engine Alternator Sets, deal with the situation.

ZINC.

The publication of the accounts £7 104. slures, £2 10. paid, were offered to existing holders at £5 of the "Zinc Corporation and the

HONAKONG & TERRITORIAL ESTATES, LTD. each, and about a year ago there chairman's speech at the annual

(Property Owners, Estate Agents,

Land Valuers, etc.)

WILL UNDERTAKE THE

Development and Improvement of Landed Property and attend to all Branches of

Real Estate Business.

For terms and particulars

Isaton

siphong

o

BRANCHES: Hongbowy Mington

Pondicherry

10. MAN RRS:

Badgon

Shurgha

Singapore

Tizia

Courage

Tannenfo

IN FRANOS Comptoir National & Broompte

aktent allowed on: Citrum Acounti and xed Depoalba according to areangstown.i. #yay imeziption of Bankding med Breisega. ananim temamidad

A. LECOT,

Konging. Marsh 30, 1984.

THE CHARTERED BANK OF INDIA, AUSTRALIA 2 CHINA.

Paid-Up Capital... 80.000.000 6 BREATH Bay Fund.... 202 88,861 1714*** Special Emerta...G. 22,000,000 3,205.200

HEAD OFFICE 1—Amsterdam, KASTERN HEAD OFFICE:—Fataris.

mania: Bandowng Bombay

apore

Charlbon Djanber The Hague Kob Mac/WAT Media

Falembang Punica gen Pistinak

Famayang

Soeraba

Bangoda Shanghai Boerakaris (Bale)

Weltevreden

LONDON BANKERS National Provincial Husk, Ltd. Correspondents all over the worki -BANKING BUSINESS DT:TYRES DESCRIPTION.

·MJ, HERBSOBLJE

Agent Hongkong, November 4, 1996,

THE BANK OF TAIWAN, LA

(Taiwan Ginko.) Incorporated by Special Imperiit Charter, 1899.

Capital Bubscribed Capital (Paid-up> Reserve Fund

Oil Fuel Storage Tanks, Oil Purifier Equipment, Overhead Crane, Switchboards, Cables, and

Play Cendit Lyonnais Banque de Paris að | Koto-Radija Transformers-India Stores. De-

w Pageline; Credit Industrial ies Commercial | Purling partment. Simla. (D.O.T. ref.ediate Generale

IN LONDON, The Nesional--Provincial à B.X. 1871.) (July 20)

falan Bank of England, Lil; Consprofe Transformers. - Invercargillious) & Broomate de Pacis, Credit Lyonnais | Tag:

NEW YORK: J. P. Morgan & 00 was an issue of 100,000, the two meeting mark a further step in the Borough Tramways and Electri-

~ck&comeloan Bankdog Corporation; Operations raising the

consolidation of the Company's city Department. (D.O.T. ·ref. paid-up

trendy Trust Co. of New York, capital to $2,000,000, while the position as a power in the mining B.X. 1883.) (August 17.)- reserve will be mised to £1,980,000. industry. It is hardly necessary to Cotton Spinning, Weaving, and by the addition of the premium rey that the Company's prosperity Dyeing Machinery and Acces ceived on the last new gene. The is due in the first instance, to, the sories.Prisons Department, net profits for the twelve months remarkably high price of its prin- Egyptian

the Ministry of are returned at $279,320, against i prodnet lend, but it is per Interior, Cairo. (D.O.T. ref.

243,934 in the previous year, and ups not so generally realised that AX 2136.) (August 13.) ̈ ̈ ̧ ̄;

8.747 in the year ended March the Board hus pursued a financial Street Lamp Number Plates 31, 1029.

poly all too are among mining and Cast-iron Frames. Cape ་ * The dividend is again 14 per cent. enterprises, namely, that of placing town Electricity Department free of income-tax, but owing to the very large part of the profit due (D.O.T. ref. B.X. 1882.) (August larger capital upon which it is paid to high prices to reserve. The re- 4.) the distribution requires £208,886, sult is that not only will it be

Switchboard Plugs, New Zea and against £175,000: Other appropria possible to redeem the whole of the land Posts

Telegraphs tions total £59,000, ca virtually the capital by the time the mines ace Department. (D.O.T. ref B.X, same as before, while the amount xhausted, but the Company will 1785.) (August 18.) carried forward. £187,098, shows an have sufficient resources to exert a

Electric Travelling Jib Crane. increase of £12,000. An examina powerful influence on Australian N.9.W. Government Railways. tion of the balance sheet shows mibing policy. The Chairman, Mr and Tramways (D.QT. ref.prietors”- further expansion in the bills dis-Govett, looks upon the Corporation AX, 2120.) (September 9.) counted and advances, the two items means for furthering co

Cast-Iron Piping.—Empresa de FOREIGN EXCHANGE and General having risen by nearly £1,000,000 operation throughout the Empire Agua Potable, Santiago. (D.O.Takty bumans cansamed Fin the last two years, which is among metal interests as well as ref. A.X, 2122.) (July 29.)

CURRENT, ACCOUNTH opened and EXED DEPOSITS received for 1 year "pufficient indication of the recovery a means of making profits, and there

Seamless Steel Tubing South * mantas period at rates which wil be¦ CHINA-Shanghai, Hanków, in business conditions in thein be no doubt that an ample sup African Department of Irrigapplication. Dominion. The paid shares-ply of lead is a question of very tion (D.0.T. ref. A.X. 2118.).

A. E. FERGUSON, ugars quoted about 62, and allowing considerable importance. It is 10-

For the final distribution in the teresting to recall that the mans (September 2.).

Mongkong, April 16, price, the return to a purchaser is which the Corporation now controla £50s. 94. per cent. net, or about were in Garman ownership prior to 6 per cont. grosa.

the war, and that the output and the profits went mostly to Central Europe. As to the outlook during the current year the Chairman seems to have no doubt that the presentation for the purpose of study level of prices will be more or lessing the causes of the decline in Capital (full paid-up) maintained

Apply at the Head Office,

"St. George's Building,

Tel. C. 781,

Telegraphic address " ESTATES"

Fresh Air on Tap!...

WHEN it is "set fair” with

the thermometer in the

eighties you can always command refreshing

breeze from your

Electric Fan

It will keep you fit until

holiday-time, and sust

you at concert-pitch after

RUBBER RESTRICTION.""

Calentta, June 2. The merits of rubber restriction De a policy were strongly stressed re- cantly by the committee of the Ceylon Legislative Council; a pointed to consider the operation and results to day of the Rubber Restriction Ordinance, Origmally the Ceylon producers were against restriction, holding that; bowQTE Malaya was situated, Ceylon con survive any conceivable drop price, and there was a rather“ Kooling that Ceylon,plan

beign deprived of profitable busi to which they had & right la to bolst their week

TRADE: RETURNS.

The import, and export trade re

Kingdom for total

„CIGARETTE. EXPORTS,

INCORPORATED BY ROYAL CHARTER,” 1853. HEAD OFFICE: LONDO

Feld-up Capital Reserva Fund

Samurvy Liability of Pro

$4,000,000

8,000,000

The Egyptian Government THE YOKOHAMA SPECIE

service and the conduls in London through the Egyptian Consular

has been conducting an

n investi

cigaret

from Egypt. The orts state the decline is duo ta the p3⁄4¢ of an inferior "quality of" tobacco, and one of the nding recommendations

be eza

HEAD OFFIOR: TALPER FORMOSA.

DEL BRANCHEST JAPAN-Tokyo, ~ Zokohama, FORMOSA -Giran, - Kar

dung, Malmg, Nanto,

BANK LTD.

Established "1980.

Yea 100,00

Reserve Fund

"Head"Offge:

HON

Tränches

encies at:

WALK-

hours

of electricity will

small fan for

THE ONINA LIGHT & POWER 00. (1818)LTO.

in tie

The