1925-09-08 — 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 öf 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.

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

Motor Boat and Launches available

for Bathing Parties.

For terras and particulare apply at the

TILEPHONES :

HEAD OFFICE-ST. GEORGES BUILDING.

Bead Offco-Central 781,

Chinese Branch Whoo-Central 4885.

Ng Snuday or Hollar

Hing up Kowloon 622.

XXXOOXXXXXXXXXXXXXXXXXXXXXXoxoo

}

>

THE CHINA MAIL.

COMMERCE

AND

COTTON..

Manchester Market Report.

The

poor,

season,

August

American cotton

many quarters.

אונין:

FINANCE.

A GLOOMY OUTLOOK.

Home Wool Trade.

don sales.

-industry,

JAPAN'S LOANS.

Kato Ministry Against. Importa

tion of Foreign Funds,

Reports in the vernacular press to the effect that the new Kato Ministry has changed its loan, policy since its formation have been denied by the Government authorities.

•

TUESDAY, SEPTEMBER 8, 1925,

HONGKONG AND. SHANGHAI

BANKING CORPORATION. THE BANK OF EAST ASIA,

HEAD OFFICE: HONGKONG.

AUTHORISED CAPITAL.... $50,000,000. 197 D ́AND FULLY PAID UP $30,000,000 *BSERVE FUNDO -----

STERLING..... £ 4,500,000 SILVER Z... $26,500,000 "BERYE · LUBILITY OF

PROPEIETOES.sease)

820,000,000

COURT OF DIRECTORS: G. M. Young, Faq --Chairman, L. P. White, Zaq --Deputy Chairman. . H. B, He 30. M. Lernard, Baq. W. Patterden, Bay Hon. Mr. 4.0. Lang.

H. Compton, Eaq. 1. a. Planmer, Kaq, fooMr.PEL. Holyöski:T. ft. Well, jag,

CHIEF MANAGER :

A. E. "HARLOW, Ex

LONDON BANKERS.

- Westminster Bank, Lid

OCAL CURRENCY and

CURRENT. ACCOUNTS opened in FIXED

POSITS received for one year or ter periods in Local Currency and Meriing on terms which "will be quoted 'n appiliation.

Hongkong, May 30, 1925.

For the Restorovo É BRÁNGĦAL BANKING CORPORATION,

A. HI BARLOW,

Chief Managet.

Hongkong '7th January, 1925.

-HEAD OFFICE:

aid-Up Capital ... F7. 68. 600.000.00 cribed Capital.. Frs. 72,000,000.00 $6, Boulevard Handsman, Paris,

Leberra Fund ........ Fra. 69,567,283.54

BRANCHES: Hongkong

Your

alambaz

+aton

Soumia

ibanti

siphon

Peklag

sikow

Panza-Fea

Pondicherry

Palgas Shanghai

Singapore

tak

Taurine

Yunnanfa

BANKERS: NFRANCE Compte Nations d'acomple Pacia; Cra Lyouatis: Ende de Pari et Payas Credit Industries Commercial zlatá Generale.

LIMITED.

-HEAD, OFFICE: HONGKONG.

Anthorized Capital

Paid-up Capital aud Reserve Fund...

DIRECTORS;

$10,000,0

5,000***

1,000

Hon. Mr. Chow Bhon Son--Chabri Fang Ping Shan Li Koon Chan PL. Kwok Ng Ching Lak

Mok Ching Kang Wong Tan To Hayah Tal

Kan Ying Pa Pong Wai Ting Chan Ching Chall

Every description of Banking ant Exchange businous feszanstad,ə "Metr rranted on approved securities.

- SAFE UEPOSIT BOXES to del.

KAN TONG N

Chlef Manag.

Hongkong, 16th February, 19′′

司公理營業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIALER. DE CHAIR.. STABLISSEMENT FRANOS..

CHINOIR

(Incorporated in Fránse).

5. Chatar Bond, Victoria, HongKost

HEAD OFFICE: 76, Rue St. Lani

Paris.

paid-up Riserva Fund.

Working food provided by THE BANQUE INDUSTRIEL'UE DE CHINE. Prx. 50,000,000..

BANKERS:

Generale, Faris: Soulete

Nationale de Credit. Base London: Midland Bank, Lid. Paris et des Pays-Bas

Every description of Baaiding Exchange Business transacted. spondents throughout the world.

A. ROLLIN Manage

Hongkong, 2nd August, 1928.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)

BABLız 1874,

Hanemone Baanch Betazzmazım 1990).

•uthorised Capitai 17. 150,000,000 £15,1500,000 Paid-up Capital...G. 80,000,000 £ 8886,STE Baserri Fund .......G. 20,138,851 % 1,741,406 Special Reserves,LG, 3,880,000 I 1990 HRAD OFFICE :--Anatordiam, EASTERN HEAD OFFICE :--Fatavia.

BRANCHES Esodjerman Bondneng Brmbay Calcutta Cariban Djemb

DjokJakarta

Kofa-Racijs Padang Perang

The Hague Kobe

Streamer

Palembang

P.ntisunk Famarang

Maha

Pocalor

The immediate putlook in the crop wool textile trad - bus ugiin bean prospects tro believed to have] obred owing to the userrtainty undergone a definite change for in regard to the industrial sibution,

It had been rumoured, that the the heller, owing to more suitable wrote a Home indusimal journalist flotation of foreign loans for various public organizations under weather conditions, and on the recently. A crisis la's been reached Government control, such as the strength of expected increases in with règued to wages in the wool Tokyo Municipality, was to be the yield forecasts, prices have textile.

which has sanctioned. Recently it became further de known that there is no disposition wenkened steadily. There is still naturally had

pressing effect 14121 business on the part of the Government to much uncertainty, as the present thronghout the industry, wad hus sanction indiscriminate issues of month is often a very critical one, but there appears to be little doubt gely counter-acted the improved domestic or foreign loan bonds anger: Shanghal G. E. STITT, K4G,

by municipal or other public! fooling which was in evidence after organizations in local Prefectures. that the outlook is improved to the opening of the current series of The Government has decided only some extent. Trade demand is not Colonial wool sales in London.

fon some increase in the amount good at present and Liverpool spot The opinion was frequently express of local honds, with the object of eif has a steady daand" for wool: sales especially have been very in London and Australia with alleviating unemployment through Statistics shew, however, prices firm, would be the affect of construction operations, which that the trend of consumption of bringing out a considerable amount probably gave rise to the rumour. of business in yarns and cloth

Representatives of Cities. American cotton has been per-which had been held back ponding The Social Affairs Board of the sistently upward during the last the stabilisation of wood values. 8 Home Department summoned

except in the United for this movement hus not material representatives of the six premier | HONGKONG SAVINGS BANK. States. The mills of the world isod, and in the present state of cities for # conference on are consuming American cotton uncertainty it is not likely that the actual condition of unemploy-TEE basines of the above Bank is Bubscribed Capital fully now at an annual rate of spiners or mamifacturers will addment in these cities and on the conducted by the HONGKONG 14,000,000 to 14,250,000 baies.to their commitments. The actual necessary steps for the relief of ND SHANGHAI BANKING COR- Mr. Hester, of the New Orleans turnover in tops and varns is exceed those who were thrown out of PORATION. Rules may be obtained Cotton Exchange estimates that ingly small; indeed, there has not employment. The authorities of on application. the carry over of American cottonbe enough business during the the Home Department had only INTEREST on deposita la calculated from last season is 2,880,000 bales puxt week to tear the market, and determined to sanction the in- on the lowest balance during each com- against 2,319,000 bales from the although topmakers' quotations are creased issue of local loans intend-pleted Calendar Month at 3 per cent. previous season. In the Man-lly changed, they are, ifed for the waterworks, sewerage par sanum. Should there be no balance anything, less, firm than they were and other public works which give on any day in a month no interest will chester market there has been a fairly large enquiry and offers fer the opening of the Tonjobs to free labourers,

be allowed for that month,

Depositora may transfor. at their shew a gradual improvement from The extitordinary thing is that The Department of Finance is

The fall in the wool continues to seil in London holding to its fixed foreign lonn plin Balanse of $100 or mors, to the New York: Irving Bank Columbia Bu

-İONGKONG & SHANGHAI BANK raw material is, however, it is and the primary markets a pries policy, which is against the reck to be placed on FIXED DEPOSIT ** BOOOOOOOOOOOofered, likely to cause buyers to grid get threach fless importation of foreign funds. URRENT RATES.

hold off in many instances antilusTER. The explanation of this since it will tend to inflate the the course of prices is clearer. Apparent anemily is that foreign currency circulation which will in fair business has been arranged buyers art Tarring the pe, turn cause a higher cost of living and most sections of the marketį especially in merinps. In the case and wages. have made some progress, but the of Continental buyves, for instance, The Department is invested low price limits still present an they stand on common ground with with no right to interfere with the obstacle to a much larger turn-British buyers in the world's mar-conclusion of foreign loans by over. The demand for Americankets, bod the raw material naturally private business corporations but CANQUE. DE L'INDO-CHINE.

is Certainly better but to the highest bidder. But on such public bodies as are under When once the wout is on the Com-Government protection or control although prices are somewhat steadier, they are still unprofitares, and cloth at very much lover its policy of prohibiting foreign Einent it can be couverted into tops.the Department will not change able; on the week they are un- changed to 4. per . down. erant of the lower wages pail and for which an official sanction has

mades t

in Britain loan negotiations, excepting those Ekypilan quotations are unchang- lower conversion eosts all round. ed. For India fairly large purs Mareever, the depreciated Contin- been already given. chases of diooties have been made ental currencies also, give an ap

Oppose Subway Loan. and light whites, prints and greys parent advantage to exporters, and The proposed Tokyo Muni- are also in demand. China has although it in he argued that this cipal foreign loun involving bought some white, dyed and only be a temporary advantage, Y100,000,000 is not expected to fancy styles, but business is still and thus it is himnul ultimately to be be concluded in the near future, |generally_restricted." The Contin- ja bad thing Ine the countries con-[as the Bank of England still holds XGXXXXXXXXXXX¤¤¤¤¤¤¤¤¤¤¤0x00000000ent has been more active in the red, the fact remains flant in the its negative policy on the exporta-

| better grudie of cloths. For Singa-munting its exceedingly difficult, tion of gold abroad.

it was pore whites and greys have been not impossible. for British pro- once rumoured that the pro- sok daya has been fairly quiet.rs to compete against the posed Tokyo subway plan will The Home trade, Egypt and prives prevailing in Con- be executed by means of a big Africa have made moderate pumple of this is seen he the ease of United States but the Government tinental countries. A striking oforeign loan to be raised in the chases of varied styles.

robing. Owing to the relatively authorities are absolutely against Bigle Cost of combing in Britain this, stating that there is no many firms are regularly sending wool to the Congatel to be combed, necessity to construct a subway by id not only do they effect big raporting foreign capital. Also the A Direct Opinion.

saying on the actual conversion proposed flotation of Y50,000,000 perts, but what is of even prenter each by the South Manchuria The wails that are going up all importance they can find ready Railway Company and Oriental over the United States about the market on the Continent for the Development Company in thẻ high price of rubber strike me as resultant tops and by-products. On United States is not sanctioned by coming with particular ill-grace the other hind it is with the utmost the Government. A few large from a country that has been difficulty that any weight of top American financiers have visited

<--F1 be saddī. although. notorious for its industrial com-ries at which they are quoted are with the object of accommodating the here during the past few months bines and corners, by which it has many cases penes per lb. below various large enterprises in Japan again and again made our con- 1 sumers pay through the rose, says ahemalous state of aguirs cannot appointed

ef productionr. This with funds but they were dia the "London.Outlook." I have ab allowed to continue indefinitely. Government authorities are decid- learn that the vague recollection that during the thingh m autime it in difficult to see edly against the importation of war, when copper was a vital any way out. necessity, American restrictions

foreign loans.

YOREIGN EXCHANGE and General made the cost almost prohibitive.

The Department of Finance Banking business transacted All the talk in America about the

has just sanctioned the issue of

CURRENT ACCOUNTS opened and FILED, DEPOSITS received for 4 year rubber shortage being a deep-laid

municipal loans for Tokyo, Osaka British plot to make the Amerl-

» shorter period at rates which will be and Nagoya for electric and water-moted on application. works business. eans pay tribute is pure, rubbish,

The Tokyo

A.K. FERGUSON, though it is used with telling

municipal loan amounted to'

Manager, effect us unti-British propaganda ant changes in Canada's method of the electric enterprise, Osaka Victoria, 11.5% July 20-Import-Y8,000,000, which is intended for

Kongkong, April 16, 1935. in a country where there is a motor-car for nearly every family pets will follow the construction of Y8,000,000, also intended. for a shipping grain through Pacific const municipal loan amounted to and every rise in the price of tyres $1300,000 grain elevator in similar enterprise, and Nagoya is blamed on us. For a good share Vict, this fear. With this ele municipal loan involves Y6,000,000 in the high cost of rubber the vator in operation, and with others to be used for waterworks exten- American manufacturera

are in prospect, insidie quantity son. doubtless responsible. They are of grain now moving thronghi Van- always ready to take advantage of cover will be shipped direct from a shortage to raise prices, parti- the muinlund ko. Victoria and founded

TARIFF CONFERENCE. cularly when they can blame here. someone else.

According to a Chinese mesenge If there is to be This system shipping groufrom London, on account of Eng- talk about tribute our annual debt although it involvestru imariing, land's big commercial interests in. payments come more nearly under will be pfitableau pint of the Chinn, The British Government Batavs. that definition than a purely legi liigh cont of moving griff into Van attaches great importance to the Bactice Ayres, timate business measure, The cover pa the Canadia National coming International Tariff Con Calcutta. Americans were caught wapping Traight run into Vancouver Adatio News Service, It is ex

Railway All Chadian Nation ferncy in Poking, states the Canton in regard to rubber, and it is their hy to juy tolig on the North West acted that either the Earl Of Feogtier (Mukden). San Francisco, own fault if they are now feeling mistor Bridge, were the Fraser Oxford and Asquith or Lori Balfour Hamburg.

Dairen (Daldy). the draught:

River By Beding grain at Fork will be appointed pricipal British Hankows The truth is that if the Steven- Mann, ca the south of the Unser delegates that the Chinese Cov son Rubber Restriction Scheme liver, and shopping it by car harge ernment must alot the most suit Honolulz. had not been put in operation as Vietorin than tolls will be able and experiencul official to pre- Karachi... the result of a Commission dad Thaving added to the side at the coming conference Kobe

Exl Yuen, appointed by Mr. Winston Chur elimination of Vancour part According to reliable information, London chill during the Coalition Govern-cliarges and the chet otipilotage on the Tariff Conference will be formal Led Angeles. ment the British rubber ships iling from the Pacific up to industry would have drifted Vancouver, will more than overcome Cental Hall of the Yuhovna a

ly sponad on November 1 at the Man

Tyɑna”- into bankruptcy and doubilons the expense of extraligina is comparable with the Nerd have 1

been bought up by the gun shipmonts from this poles in Face in historical im Americans at bargain prices.dcording to the interests which are Thanks to the scheme our com-building the new devator is also reported that

owing to the pressure of his ofte panies have been enabled to make.

The elevator is being construck duce in the Waichicopo, substantial profits, and get the by the Langmuific Grain Shou Jut Lim Jufuses to act industry through a bad period, witaminals, Ltd of Regina,

rusirman of the Tarif Conference.

HONGKONG & TERRITORIAL ESTATES,LTD,

(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.

Tel. C 781.

For terms and particulars

Apply at the Head Office,

"St. George's" Building,

Telegraphic addresɛ "ESTATES"

BAROUKRANXXXXXXXXXXXXXXXXX

Fresh Air on

Tap!

WHEN it is "sot fair" with the thermometer in the eightles 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 electricity will

drive a small fan for 20

hours.

THE CHINA LIGHT & POWER CO., (1918)LTD.

(REARI ROKU, Kowloon,

RUBBER.

16 a debatable point whether the industry Is strong enough now to permit the lifting of the restric tions: As soon as it is definitely established that the demand fo

cost

BIG GRAIN PORT.

Important. Shipping Changes,

Nat which

to

RCOR

·

N LONDON: The Nelions Provincial d ara Bank o" Zagland, fitd.; Comptoir itional d'Ecomu sa de Parly; Credit Lynnnals E NEW TO25: I. P. Morgan” & “Co. sark, American. Banking Corpambios: usaky Tram Co. of New York,

lateral allowed on Creren Accounts and and Deposita socording to arrangement

very mcription of Banking and Kachange. alnom tranenciad

A. LECOT,

Kongkong, March 10, 1981,

Younger.

(HE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1858.

HEAD OFFICE: LONDON.

Faid-up Capital Reserve Fund Rezerve Liability, od Pro-

prietor

THE

£3,000,000 £4,000,000 -£8,000,000"

YOKOHAMA SPECIE

BANE, LTD,

Established 1880.

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

Yen 30,500,000

Head Office: YOKOHAMA,

Branches and Agencies at:

Changuhan.

Nowchwang.

New-York. Osaka. Peking

Rangoon

Elo de Janeiro, Salzon.

Seattle Semarang! Thanghai,

Tainanfu Esing

nterest allowed on Current Accounts. Deposita alved for fized periods at. tutes to be. med on:

kong, A38 August, 1995,

Botterdam

Slugapore Tegal

Sociabata

TJ

Bangoon

Shanghai

fgerakarta Pale), *Waiterodim

LONDON BANKERS- National Provincial Bank, Ltd - Correspondenta all over the warill BANKING BUSINESS OF EVARA

DESCRIPTION. · ·

H. J. HERBSCHL

Agent. Hongkong, November 4, 1924

THE BANK OF TAIWAN, 50, (Taiwan Ginko.).

Incorporated by Special Imperial Charter, 1899,

Capital Subscribed Yên Capital (Fald-up). Yen Reserve Fond

You

HEAD OFFICE: TAIPER, FORMOSA

BRANCHES

JAPAN-Tokyo, Yokohama.

Oraita

FORMOSA-Giran, Kagi, Kazuma

Keelung, Makung, Nanto, PL Shinchika, Talchu, Tainan, Talcem Tamani, Tohyen, Ako CHINA-Shanghai, Hankow.

Foschow, "Swatow, Canton OTHERS Bangkok, Hongkong, Bhign-

pors, Bourabaya,

Hataria, Bombay, Landon, Tork, Calcutta:

LONDON BANKERS: Landon County Wertenianter and Parr's Bank

Tha Bagy bás Gorrwapondente in 'sha Oommagolaj Camiyar in the Earopasa Conilmant. Beyla, – MANA sharik Zaingtao, Japan, Indo-China, Man, DIRA, Philippine Islanda Jork, and Dean Jalla, A.

* Internak allowed on Garrať korvata. Að Deposits at rates which will be quoted na flow

HONGKONG BRANCH1 hot

8: Des Vane Road Centrálk -Hongkong, Sth June, 1984.

THE BANK OF CHINA.

(Spécfàlly "Anthorised by “Mandate of the Bapi? was the kind på Novan Authorised Capital spe Pald-up Capita Reserve Fund

HEAD OFFICE: · PEKING.

HONGKONG BRA "AQUEENT'S BOAD CEN "Branches and Bob hinnabar China" and Correspondskaks fi Asseries, and stieziparta/ofitis London: Hemicrası/154)

"cial and Unton Bank of Hardin Gnkranty: Trunk Compan

“Ban