1925-09-28 — Page 2

· HONGKONG AND SHANGHAT "HE BANK OF EAST (8)

BANKING CORPORATION:

* HEAD OFFICKI Hondmento,

HEAD OFFICEF "HONGKONG,"

AUTHORINO CANITALIA. $80,000,000 1.1. Das Vaan Ha

INSTAD AND FULLY PAMUT 880,000,000

$4,500,000.

SILVER 826,500,000

COM

ABOUT PROFIT-SHARING.

HE CHINA MAIL

AND FINANCI

$10,000,000:

6,000,000 1,000,000

The Benold Works Experiment A Minimum Wage.

Authorisaë Qipital Faid-up Capital Reserve Fund?.......

DIRECTORS: Hon. Mr, Chow Shou Bon-Chairman.

...

STERLING

ÜmsIRTH LIABILITY OF

$20,000,000

Fung Ping Shan

Li Koon Chun

Wong Yun Tong

P. K. Kwok

Huyuh Tai

COURT OF DIRECTORS,'

G. M. Young, Esq.-Chairman

EL. P. White, Esq--Deputy Chairman. [--

W. H. Boil, iq, Hon. Mr. A. & Lang:

AHL Compton, Esq. Ammer, Eaq,

Jon.Mr. P.R. Holyósk. T. G. Wenil, Xaq

CHIEF MANAGER:

A. H. BARLOW, Esq.

Ng Ching Luk

Pong Wa Ting

Mok Ching Epag

Kan Ying Po

Chan Ching Shak

granted on approved securities.

SAFE DEPOSIT BOXES to let.

KAN TONG PO,

Chief Manager.

Hongkong, 18th February, 1825.

Manager: Shanghai-G. E. STITT, Esq.

司公理管業實法中

LONDON BANKERS.

Westminster Bank, Ltd.

the "Manchester Guardian").

MON

In view of the general uncer".

tion account in the last nearly 2816

pay dividends » for on Ho: Thoa than withdrawn from

Lord Kylsant was in optimistie respect,--can be satisfied at pru- vein in his recent, spoaches at taints of the outlook the railwayA DE Turn sant prices by a minimum wage Belfast on the occasion of the are adopting a very cautious at: 24750,000 of £3. 88, All Industry that can launch of the world's largest and tude in the matter of luterim this fund and as the traffic not pay that minimum Mr. Rown most powerful motor hip the dividends. The London Midland receipts of the company for the tree regards ad parasitical and of Royal Mail Steam Pucket Com- and Scottish pays an interim frst half of the current year, show- (By a Special Correspondent of no use to the country. If a basic pany's M.V. "Asturias. While dividend on its ordinary. stock at ed a reduction of 2563,000 as com- industry like agriculture cab not remarking that signs were not the rate of 21% per cent. which pared with the first six months of pay it then a remedy that Mr. wanting that better times lay compares with 3 per cent, at this 1924, it was inevitable that re- Rowntree left undefined must be ahead, the welcome announcement time last year, while, the Great serves must be entrenched upon The Liberal Summer School found. Wherever this minimum that an order for a large, passenger Western reduces its ordinary if the full rate was to be paid on Bernard, Reg. W. Patiendes, Exchange business transacted Loans Inbour (Mr. Charles Renold oftion on the individual employer to booked by Harland and Wolff for 24 per cent. No mention is made were this not to be done the Every description of Banking and listened to two big employers of was not paid there was an obliga. and cargo liner had been definitely interim dividend rate from 3 to the preferred ordinary stock. keep dividends at their lowest, the White Star Line has given of a withdrawal from reserve, trustee quality of the prior charge Hans Renold and Company, Man- and if that method failed to pro-rise to the liveliest satisfaction from which it may be inferred stocks would be endangered. of chester, and Mr. Seebohm Rownduce the minimum then Mr. locally as also the further an-that the current earning power is the four lines the Southern alone tree) unfolding their views of the Rowntree would resort to an ex-nouncement that the Union-Castle sufficient to pay the reduced rate. shows a slight increase in traffic tension of trade boards to enforce line hopes to conclude final These lower rates caused a little receipts for the first half of the conditions of peace in industry..

arrangements during the next few surprise and disappointment in the year as compared with the same Both the Renolds and the Bown- Mr. Rowntree is a greater be- weeks for the construction of an Home railway market, where it period of 1924, a fact which is trees have experimented along the liever in trade boards than in intermediate passenger and cargo had been expected that any reflected in the comparative lines of profit-sharing and work-industrial councils, Trade boards, steamer with Messrs, Workman, reductions in dividends would be steadiness of the price of Southera ers' co-operation, and the two he maintains, by applying the Clark & Co., Ltd.. Harland & Wolff] reserved for the final distribution.Deferred stock. Southern railway screw, can increase efficiency, and have over 80,000 tons of shipping Neither the Southern nor the securities are considered cheap at addresses were full of invaluable increased efficiency will often pro- fitting out or under repair at London and North Eastern Com current prices. data about the two processes, duce the minimum wage. He Belfast, and a further 60,000 gross panies make any interim distribu Labour's taunt that profit-sharing spoke from a long experience of tons building on the slips, which tion on their deferred stocks, and and the like are nothing but windy trade boards, and he said that figures do not include the new the Southern now pays its normal and often even insincere aspira- many an employer who had left a work referred to by Lord Kylaant, rate of 21 per cent, on the pre- tions does not lie against theas trade board declaring that a cer- Amongst the latest arrivals at the ferred ordinary stocks. two firms.

tain wage would ruin him had port for repair or alteration are London and North Eastern does Mr. Renold confined himself 'to under this duress found the means the large Holland-America Liner the same, but coupled with the describing the machinery of con-of paying it, generally by discover- "Drechtdyk" and the British announcement is the statement aultation set up between the working new and better means of run- Mexican Petroleum Company's that the directors have had to

"Inveravon."

make "a large transfer" from the ers and the management at his ning his business. Barnage works and to outlining the profit-sharing scheme, He permitted himself only one or two conclusions. One was that it is doubtful if there is a politimony, and that the best hope of concord lice with individual employer. A Banqqfurther conclusion was that pay- dement by results was likely to be

CURRENT ACCOUNTS opened in LOCAL CURRENCY and

FIXED DEPOSITS received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted

application.

Hongkong, 20th, May 1925.

HONGKONG SAVINGS BANK THE business of the above Bank Is sonducted by the HONGKONG AND SHANGHAI BANKING COR PORATION. Raiss may be obtained on appostion.

INTEREST on deposita is calculated on the lowest balanse during each com plated Calendar Month at 3 per cent. per annum. Should there be no balance on any day in a month no interest will be allowed for that month,

Depositor may translor at their option Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES.

For the RotaxONG & ƐBANGKAI BANKING CouroNATION,

ri

A. H. HARLOW,

Chief Manager. Hongkong 7th January, 192k

BANQUE DE L'INDO-CHINE.

READ OFFICE:

SOCIETE FRANCAISE DE GERANCE, DE LA BANQUE INDUSTRIELLA DE CHINE, ETABLISSEMENT FRANCO.

CHINOIS. (Incorporated in France).

5. Chater Road, Victoris, Hongkong.

HEAD OFFICE: 74, Ruo St. Lazara, Paris.

Bubscribed Capital fully

paid-up Reserve Fund

Frs. 10,000,000 ..Frs. 10,790,000

Working fund provided by THE BANQUE INDUSTRIELLE DE CHINE. Frs. 50,000,000,

Paris:

BANKERS:

Sociate Generale,

Nationale de Credit, Banque

London: Midland Bank, Ltd. New York: Irving Bank Colombia Trust

Parin ot des Pays Bas.

Co.

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

A. ROLLIN, Manager. Hongkong, 2nd August, 1925,

96, Boulevard Haussman, Paris.

THE CHARTERED BANK OF Subscribed Capital. Frs. 72,000,000.00 Paid-Up Capital... Frs. 88,400,000.00 INDIA, AUSTRALIA & CHINA. Reserve Fund .. Frs. 60,867,288.54

BRANCHES.

INCORPORATED BY ROYAL

CHARTER, 1863.

Yarakek

Hongkong

Atamba

Moxie

Shanghal

isaton

Noumes

Singapore

Dikou

Aziphong Kadkow

Faporic Peking

Puem-Penh

Tann Touren Yannaafu

Paid-up Cipital

Ronerve Fa

Pondleberry BANKERS:

IN FRANOR Comptoir National d'Escompte Paria; Credit Lyonnair; Banque de Paris at las Para Bas: Credit Industrial et Commercial Frolata Gumerals.

IN LONDON: The National Provincial à

Frion Bank of England, Ltd.; Comptoir

lonal Bacompte de Paris; Credit Lyonnais

IN NEW YORK: J. P. Morgan & 06,

oh American Banking Corporation; aranty Trun Oo, of New York

interest allowed on Carmat Accounts and 1 zuł Deposita socording to arrangemant.

very description of Banking and Exabange Musta 120mited

A. LECOT,

Manager. Hongkong, March 20, 1924.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)

BARLINE 1824.

"

HaxaxNG BANOK EZARLIONI 3000,

Authorised Capital .150,000,000 £12,500,018

|

|

HEAD OFFICE: LONDON.

.£3,000,000 ,£4,000,000

Reserve Liability of Pre-

prietura

.£3,000,000

FOREIGN EXCHANGE and General Banking business transacted,

a greater incentive to production than profit-sharing. though the one did not necessarily exclude the other.

Sharing Information, The key to the Hans Renold experiment is the sharing of in- formation. Through committees constituted according to grades and others according to depurt- ments the employes are in com- plete touch with the management, and thoroughly acquainted with the position of the firm and able to share in the determination of all questions directly affecting their working conditions and social amenities. It was Mr. Renold's opinion, shared as it proved afterward by Mr. Rown- tree, that the workers do not wani share in the executive functions of management. They are quite content to have a voice in order.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 yearing their conditions of labour and or shorter period at rates which will be quoted on application.

A. 11. FERGUSON,

Manager. Hongkong, 15th April, 1923.

THE BANK OF TAIWAN, LTD.

(Taiwan Ginko.).

Incorporated by Special Imperial Charter, 1899.

Capital Subscribed ..... Yen 00,000,000 Capital (Paid-up) Yen 62,500,000 Reserve Fund

Yen 12,980.000

HEAD OFFICE:: TAIPER, FORMOSA,

BRANCHES:

to feel by publicity of accounts and such-like means that they are co-operators in the undertaking and not merely hands.

an

At the Hans Renold works the profit-sharing scheme was agreed scheme, drawn up between the management and the workers' representatives and adopted at a mass meeting. It allowed roughly. for at any given time, which re- turn was to cover provisions for

Beef Sirloin Ngau Mel Pa

Primo Cut

#

Corned-Ham Ngau Yuk Roast Shiu Ngan Yuk

Breast-Ngas Hung, Soup-Tong Yuk

Steak--Nunu Yuk Pa

The

16. 1943,

ROXOR

HONGKONG MARKET PRODUCE,

APPROXIMATE RETAIL PRICES.

Ct4. C13.

42 80

Hesa la M

Butcher Meat.

Poultry.

Sept. 23, June, June.

Sept. 23, June, June. 1025, 1918. 1D14.

1925. 1919. 1914:

Cla. Cla. Cis.

Chicken--Kal

牛尾巴

ib.

Ib.

36 24

12

36 23 12

Capons, Small--Sin Kai

48 28

30

11

成牛肉

34

23

20

Capons, Large-Sin Kai

更糠

54 28

35

11

燒牛肉

36 24 22

Duck-Ap

48 22

38

[

牛膽

92

20

13

Doves-Pan Kau

班

each 18

22

15

20 28

18

Egre, Hon-Kal Tan (cooking)

per oz. 35

18

牛肉排

38 24

22

Egyo, Hen-Ezi Tan (fresh)

新鮮雞蛋

55

牛柳

60

80

35

Fowis, Canton-Kai''..

本地

牛腸

40 26

20

37

per set 15

10 12

Geose-Ngo

Fowls, Hainan-Hoi Nam Kai

asia

海南海口

each

30

牛

each 90 50 60

23

60

"

70

80

-$1.20

51

24

13

14

30

20 18

each

each 12

10. -12

Steak Silvinigau Lau

Sausages-Ngx Cheung

Bullock's Brains-Ngau No ... Tongue, fresh--Ngan Li

K

Tongue, cornel-Ham Ngau Li. ***

Calven' Hond and Fast-Ngau-tasi-tau-

keuk

Mutton Chop-Young Poi Kwat Leg-Yeung Pel

Shoulder-Yeung Kin

Seddle-Young On Yuk

15 10 12

30 20 22

24 13

8 6

set $1.20 $1.00 $1.00

ib. 55 26

Pigeons, Cantor-Pak Kap

Hethow-Hoi Hau Pak Kap...

Turkeys, Cock-Fo Kal Kung.

Turkeys, Hen-Fo Esl Na...

Snipe Sha Tsui ... Pheasant-Shan Kal QuailOm Chan .... Partridges-Che Ku

Almonds—Hong, Yan.

Apples (California), Kam Shan Ping Ko

Bananas (bride's), Macao-San Heùng.

14

H

"

Head Ngau Tau

ET

Heart-Ngau Sam

Hump, Salt-Ngan' Chun

中暢

Foot-Ngan Keuk

11

Kidneya-Ngau Yiu

**

Tall-Ngau Mel.

11

Liver-Ngan Kon....

Tripe (undress-Ngau To..

4

羊排骨

**

55

.26

**

羊手

羊鞍肉. ** 19

» 52

24

55

40

27

豬腦 猪脚

per set 5

24 15

48

15.18.

24

20

each 20

10

10

20

10

60

30

42

25

45

48 28

27

30

21

·75

60 70

each 15

8

7

15

12.

10

56

26

25 25 22

36 320 18

56 26

30

19

40

20

Head Chu Tho

猪什

豬頭

31

Pig's

Chitlings-Chu Cheng

Brains-Chu No

Feet-Chu Keuk

D

Fry--Chu Chap

Heart-Chu Sam

Kidneys-Chu Yiu

Liver-Chu Kon ...

新

猪肝 猪排骨

猪後寓

#

Loin--Chu Hau Tun

#

Leg-Cha Pel

the

H

到

Fat or Lard-Chu Yaz

[reserve. The distribution of Pork Chop-Chu Pai Kwat

surplus profits was to be pro rata on wages. Unfortunately, as Mr. Renold confessed, since scheme came into operation four years ago there have been no surplus profits to distribute owing to trade depression. One condi-

Sheep's Head & Feet-Young Tau-Konk Heart-Yeung Sam.. Kidneys--Yeung Yin

*

Liver Young Kon ..........

Pald-Up Capital...G. 80,000,000 £ €,685,02 JAPAN. — Tokyo, Yokohama, Kobe,tion of the scheme was full Sucking Pigs, to orderChu Tai

Reserve Fund.... 20,058,361 ± 1711;END Special Resurres.... 29,680,000 R 80 HEAD OFFICE:-Amsterdam, · EASTERN HEAD OFFICE:--Batavia. BRANCHES:-

Bendjarmasin Bandung

Calentia

Djorkar

Kola-Baja

Padang

Pinang

Bombay Cheriban D'ember The Hague

Mimowmar

Kom

Medan Pecalongan Patlanak Rangoon

Palembang

Hotlardara Samaring Shanghal

Boarabain Soerakarta (8sje,

Florapers

Tegal

Tilatjap Weltevreden

LONDON BANKERS:—

National Provincial Bank, Ltd.

Correspondents all over the world.

DESCRIPTION.

M. J. HERBSCHLEE, Agent. Hongkong, November 4, 1924.

Osaka. FORMOSA. Giran, Kagi, Karenko, publicity of accounts. There have,

Keelung, Makung, Nanto, Pinan, as one consequence, been no labour. Shinchiku, Taichu, Fainen, Takow, troubles at the Hans Renold Tamaui, Tohyer, Ako. CHINA, Shanghai, Hankow, Amoy, works. The workers have come Foochow, Swatow, Canton." to appreciate something of the

OTHERS, Bangkok, Hongkong, Singapoint of view of the managerial

pore, Socrabaya,

Samarang, side of the undertaking. Batavia, Bombay, London, New York, Calcutta,

LONDON BANKERS:

London County Westminster and

Parr's Bank.

Amerien, Africa, ke

2. УАМАМОто,

Manager.

HONGKONG BRANCH:

Sast, Beet-Shang Ngan.

Mutton-Shang Your Yau Vea-Ngau Taal Tuk..........

Saurager-Ngau TaxiCheung

NL. 1

The evolution of this new atti- tude arose largely during the Barbel-Ka Yu drawing up of the profit-sharing Bream-Pin Yu

scheme. At the outset the work-Canton Fresh Water Fish-Hol Bla ers' representatives took up the

Catleb Chik. Yu

Codfish-Mun Ya Crabs--Hai .. Cattle FishMuk Ya Dab-Sha Mang Yu Dace-Wong Mel Lap Dog Fish-Tit To. Sha Fels, Conger-Hot Man

The Bake Carrespondents to the Commercial position that all wealth was creat Carp-Li 70 Centres in the Burpean Castineat, tuis, Ned by labour, that the manage- enuria, Tugiten, Sapum, Indo-China, Ham, oda, BANKING BUSINESS OF EVERY pine islamin, Jars, aut Sutch indios, Australia, ment were superfluous, and that Entscast allowed us Current Accounts, and Pixel the shareholders were a positively Depositant rates which will be quoted on appllan unjustifiable burden. That posi tion was soon modified when it was pointed out that if the pro- ducta of their labour remained in the dispatch room it might be wealth theoretically but not wealth in any realizable sense that their wives would understand. They were quickly impressed by the part the management played in bridging over the gulf between

THE YOKOHAMA SPECIE

BANK. LTD.

Established 1880.

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

Yon 88,500,000-

Head Offices--YOKOHAMA.

Branches and Agencies at:

·Batavia

Newchwang.

Bombay Buenos Aires.

Coloutta.

Canton

Changeoon Dairen (Dalny),

New York.

'Osaka.

Peking. Rangoon. Rio de Janeiro, Saigon: Fongtian: “(Mukden). San Francisco. Hamburg.

Seattle.. Semarang.

#Harbing

Shanghai

8, Des Vœux Road Central. Hongkong, 5th June; 1924.-

THE BANK OF CHINA

行銀國二中

Fresh water-Tam Shul Ya Yellow-Wong Sin Frogs-Tin Kel

Garoupa-Shak Pau...... Gudgeon-Pak Kep Tú Berrings Tso. Fak. Haithat--Cheung Kwan

(Specialty Authorised by Presidential producer and consumer, and they rd Wong F. Ta

Mandate of the Republic of China] even decided to appoint two mem- on the 22nd of November; 1917)bers of the staff to represent them Authorised Capital 300,000,000,00 Paid-up Capital

$18,278,600.00 in further negotiations about Reserva Fund A, 39,629,425.24 matters so technical and compli

cated. "We want the best brains," they said. "for dealing with the directors.

HEAD OFFICE: FRKING.

Mr. Rowntree on Wages.

There is onl

HONGKONG BRANCH: 24; Queen's Road Centrali Branches and Bab-branches all over China and Correspondenta in Europe. America, and other parts of the world.. Landen Bankers--The National Provin

cial and, Linion Bank of England, Ltd, addi The Guaranty Trust Company of New ma *Yorka Hel.

Tenti

| New York **Bankers; The Irving

-National Bank,

The Equitable Trust Company of New

one

Losch-Wa. To n

Lobster Lang His ** Mackerel Chi Maak Fish- Kollet Tral Ya

Oysters Shang Ho

Parrot Fis-E

Farch Tau Lo

with

Fish.

-油脚心肝精油油肉及

牛羊仔仔

བགོ དེ པ པའྤྱི དབྱེ བ ད པ འཚོ ཚོ ར བ ར བ ད བ བ

**

魚魚

尾肚水 ***ZEBROEKIESAKER LØBE ME MORE HE IS JUST BE DE BRAN

Chiu

Carambola-Yeung To

Cocoanuta--Ye Tse ..

Fruits.

BRESKARO #EGEARREE

DER

នគ

1|

*

lb. 45

35

A

25 24

豬(山香蕉

5

##

15

10

Lemons, China-Ning Mung

Lemons(America) Kam Shan Ning Mung Lickees, Dried (small stone) Lai Chi Kon Oranges (Canton), Sweet-Shan-sheng

Tita Chang.

Oranges-Tim Chang

Pears (Canton), Cooking-Sha-Li Peanuts---Fa, Shang.

Persimmons, Large-Hung Tas

Pumelo, Slam--Tsim Lo Yau

Grapes-Po Tai Tax

Beach 14

## Ib. 15

Plantain-Tai Chin.

Walnuts-Hop To

| |ke| | | | Sad

Täpalaisi681181

each 88.

#† b

35

25

(新會甜橙)

#

30

12

14

14

12

#each 15

-:12

lb.

80

Vegetables, &c.

each 12

Ib; 6

20

辨

each

12

10 6

125

16.

tett 16.

Cabbage, Chinese (common)-Kai Taof.

27

32 Artichokes-Ab. Chi Cheuk

129

20 25

40 80:

Beans, Sprout-Nga Tool ..

Long-Tas Kok...

Best Root Hung Taoi Tau,

Bitter Squash-Fu Kwa

Brinjals, GreenChing Yun Kwa Sa

RedHong Ko

(Shanghai)-Ye Taol

Cave Bhoota, bunch--Kau Shun

Cauliflower (Larga)--Yo Tsoi Fa

(Small)

Carrots--Kam Shun--

Celery, China-Tong Kan Taof.

Chillos, Dried-Lat Chin Xon-

Bed---Hung Ta ́Chiu:

Green-Ching Lat Chiu'

Curry Stuff, English-Ka Id Chu L. REVE Cucumbers--Ching Kwa **..

Garlic--Sun Tan

Ban The Kenns

23. 28

+16 2

50

28.

16

-24

10

10

10

32

16

-10

18

2680

60 32

25

18 15

18/

28

18-

243

30 203

66 82 28.

30182)

28 14

85 20

1616

42-028 8628

(Medium)

Kan

辣椒干

紅花概

12

$10