1925-09-30 — Page 2

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2

HONGKONG AND SHANGHAITA

BANKING CORPORATION.

HEAD OFFICE: BONGKONG.

AUTHORISED CAFITAL... $50,000,000 | "INFUMS AND FULLY PAID UT $20,000,000

RIDEVI - FUNDS ***

STERLING— 8 4,500,000 SILVER.............. #26,500,000

ÉSERVE LIABILITY OF

PROPRINTURE.140910304)

$20,000,000

COURT OF DIRECTORS:

BANK OF BAST, SIX;

LIMITED.

HEAD OFFICE: HONGKONG.

19, Des Voux Road Central, Hongkong.

Authorized Capital ....$10,000,000 Paid-up Capital ....... Reserve Fund

5,000,000 1,000,000

DIRECTORS; Hon. Mr. Chow Shou Son-Chairman. Fung Plug Shan Mok Ching Kong

Wong Yun Tong Buyuh Tai

Li Koon Chun

F. E. Kwok

Ng Ching Luk

Hon. Mr. A. O, Lang

G. M. Young, EsqChairman. EL P. White, Esq.--Deputy Chairma, W. H. Bell, Hag.

D. 6. M. Bernard, Baq. Wala Pattonden. Esq LE. Oomylon, Faq. 1. A. Flucomer, Hag. Bon.Mr. P.B. Holyoski T. G. Wendy Bag

CHIEF MANAGER: A. H. BARLOW, Esq,

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

Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENCY And FIXED DEFOBITS received for one year of shorter periods in Local Currency and Sterling on terms which will be quoted r_application.

Hongkong, 20th, May 1925.

HONGKONG SAVINGS BANK THE business of the above Bank is sonducted by the HONGKONG AND SHANGHAI BANKING COR PORATION. Rules may be obtained on application.

INTEREST on deposits is enloulated on the lowest balance during sach com. pleted Calendar Month at 3 par cant. per annum. Should there be no balance on any day in a month no interest will be allowed for that month.

Depoaltors may transfer at their option Balanos of 8100 or more to the HONGKONG & SHANGHAI BANK to be placed on. FIXED DEPOSIT st CURRENT RATES,

For the Hosazorg & RuaneKAI

BANKING CORPORATION,

A. H. BARLOW,

Chief Manager. Mongkong 7th January, 1925

BANQUE DE L'INDO-CHINE.

HEAD OFFICE: $8, Boulevard Haussman, Parin. Subscribed Capital. Fr. 72,000,000.00 Pald-Up Capital ... Fra. 88,400,000.00

Reserve Fund. Frs. 59,067.283.54 BRANCHES. Hongkong

Sangkok Emitambong Henglan

Genton

Roumen

bouti Haiphong Swakow

Lanci

Faporte

Pokleg

Huong Pesh

Pondicherry BANKERS:

Balgeo

Shang

Bingapor

Timin Tourn

Yunnanfo

IN FRANCE: Comptoir National d'Eason to as Paris; Oredit Lyonnais: Banque de Parii si Im Pays-Bas; Credit Industrial at Commmeisi kuaiste Generale.

IN LONDON: The Netloca! Provincial & Jnion Bank of England, Ltd.; Comptoir Cañonal d'Escotopia da Paria; Credit Lyonnais 15 NEW YORK: J. P. Morgan & Co., french American Banking Corporation

aranty Trust Co. of New York.

Internet allowed on Current Accounts and Fixed Deposits socording to arrangement.

#vary description of Banking and Exchange Bazioni trecand

A LECOT,

Manager.

Hongkong, March 20, 1924.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

K

(NETHERLANDS TRADING SOCIETY.)

Berastagno 1824. Konukona BrASON ESTABLEREN 1900;

Authorised Capital 10.150,000,000 £22,500,000 Pald-Up Capital...G. 80,00,000 £ 6,656,670 Reserve Fund. 20,588,861 1,711,1 Special Beserta.... 23,360,000 £ 1,888,280 HEAD OFFICE:-Amsterdam. EASTERN HEAD OFFICE:-Batavia, BRANCHES:- Bandjarmasin Bandung

Djokjakaria

Kota-Badja

Bombay Uberribon Djember The Hague Kobe Macher Modan Padang

Palombang Pecalonga Fema

Pontianak Kangoon Betterdam Exeg Shanghai Mingapore Boerabais Boerakarta (Eels) Tegul

Tillatja Weltevredin

LONDON BANKERS:- National Provincial Bank, Ltd.

Pong Wai Ting

Kan Ying Fo.. Chan Ching Shek

THE CHINA MAIL.

COMMERCE AND FINANCE.

RUSSIAN TRADE.

Is It Improving?

RUST BURSTING.”

German Combines Splitting.

The value of exports is the aurent barometer of the growth

Geneva, August 33.-Few per of foreign trade:

The Trade sons outside of Germany under Agreement which finally disposed stand the significance of the "trust was busting that is splitting huge in- A delegation from the All of the blockade of Russia

ponent parts. cereal year 1821-22 Russia ex- ported about £5,000,000 worth of produce; in 1922-28 the figure was about £15,000,000, in 1923-24

WEDNESDAY, SEPTEMBER.

Russian Textile Syndicate has igned in March, 1921. In the dustrial combines into their com: the producing enterprises.

come from Germany to this coun- try on a mission to purchase textile machinery for the re

30

1925.

surprised to learn how cleverly formed the weak lines in the trusts Hugo Stinnes managed his, com- and binations, owning, as he did, only collapsed.

in many instances these minority interest in most of the The curious anomaly of prosper large maunfacturing and wining ous enterprisen being forced to concerns. Astonishment was exliquidate then developed. Tingbain- pressed also over revelations of the ed by the failure of the financial large number of parasitical busi- branches, the industrial unite went ness concerns which he attached to buck to their original owners, and stockholders learned to their amaze- In some quarters the belief per

really owned the companion, ment that they and not Stinnes- is that Germany's official at

Nevertheless, it was not easy to liquidate concerns that had been kitude has changed and that the view of Jargo combinations which and financial companies, Stimme German bankers were inclined to "For the cereal year 1925-26 dominate an industry. Such is not had in some of the component com- } try to save the trusts by advancing powerful trude factors, such as the nies more than a 30 per cent. further funds to the commercial

Liquidation of these

interest. Moreover, the majority companies. Stimmes group, is due to economic holders were not all owners of developments.

shareholders were numbered among small interests, Some important THE MERCANTILE BANK OF the group.

famous Rhein-Elbe Union, a com- For example, in the case of the bination of coal mines, sme tink mills, foundries,

steel

Every description of Banking and equipment of Russian mills. It is it was just over £30,000,000, in Government has taken an inimical electro-technical engineering plants formed in this fashion and mary

Exchange business transacted. LOADE granted on approved securities.

SAFE DEPOSIT BOXES to let KAN TONG PO‚·

Chief Manager.

Hongkong, 18th February, 1025.

司公理管業實法中

SOCIETE FRANCAISE DE GERANCE DE LA BANQUE INDUSTRIELLE DE CHINE. ETABLISSEMENT FRANCO CHINOIS. (Incorporated in France).

6, Chater Road, Victoria, Hongkong HEAD OFFICE: 74, Rue St. Lazare, Parli

Subscribed Capital fully

paid-up Reserve Fund

prepared to spend £5,000,000. But it requires long credits. The

are

to

have

Germans

Baid offered satisfactory terms, but it is British machinery which the Russian factories are accustomed to.

*This is not, we hope, an order which our manufacturers will We lightly turn their backs on. should be glad to hear that the credit difficulties had been over- come. The risk is not excessive. Business begets business. An increasing number of such tran sactions will be the best way of solving differences for both coun-

Fra. 16,000,000 tries." FTS. 10,790,000

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

Parts:

BANKERS:

Societe Generale,

Banque

Nationals de Credit, Banque "de Paris et des Pays Bas.

London: Midland Bank, Ltd.

THE OBSERVER.

The political relations between the British Empire and Russia are not closer than they were a few months ago, and are perhaps not likely to be just yet, if the

New York: Irving Bank Columbia Trustspeech of Mr. Ronald McNeill in

Co.

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

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

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

.£3,000,000

£4,000,000

.£3,000,000

FOREIGN EXCHANGE and General Banking business transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter period at rates which will be quoted on application.

Paid-up Capital

Reserve Fund Reserve Liability of Pro-

prietors

A. H. FERGUSON,

Manager. Hongkong, 16th April, 1925.

:

1924-25 It is about 247,000,000.

the case.

which will include the products of this year's good harvest and ar increase in export of timber, oil, fars, and other commodities, the Much of Germany's industrial figure may well be between

progress, it has been said, was due and £100,000,000 to the formation under friendly £80,000,000 sterling. Imports each

year Government auspices of these large links-the commercial companies, But Stinnes owned outright the have been determined by exports. trusts, which were instrumental in which bought and sold products of The actual trade turnover of reducing operating costs and un-the large combinations. In other Russia in 1924-25 is somewhere derselling competitors in other words, he dominated the situation in the neighbourhood countries. Officially Germany's at by concentrating his financial £100,000,000 sterling. These titude has not changed since the power in a vital spot. figures are irresistible.

war, but monetary conditions have changed, and as a result of the long deflation of the paper mark the con necting links of large trusts have been broken.

of

"They record statistically what everybody in touch with the internal or external position of Russia confirma. The country is recovering steadily but surely. It is only a question of time now- and a comparatively short time before Russia will not only reach but pass the stage which she attained before the war,”.

the House of Commons recently is any guide. This factor, however, important as it is, does not lessen Beef the interest in the statistics of Russian trade which Mr. E. F. Wise, C.B.. provides in an article he contributes to the "Labour Magazine." Mr. Wise states:-

"The preliminary steps for the replacement of the depreciated and almost useless old rouble cur- rency by a new currency started in 1922. Gradually in 1923 the reserves of gold were built up, and chervontzi, ie., the new ten- rouble notes, were issued against them, and gradually also through- out Russia confidence in the new currency grew.

"Early in 1924 the transition was effected, and the old rouble notes, whose value had depreciat- ad many millions to the E. were

withdrawn from circulation.

"The effect on trade has been remarkable. The consolidated

Sirloin-Ngan Moi F■

"

Prime Cut....

19

Corned-Ham Ngau Yuk

J1

**

#

#

Roast Shiu Ngau Yuk

Breast-Ngas Hung

Soup Tong Yuk

Steak-Ngau Yuk Pa

Steak Sirloin-Ngau Lau

Sausages--Ngxo Cheang

Bullock's Brains-Ngaa No

Developments in Stinnes Case.

Inflation Helped Stinnes.

INDIA, LTD.

HEAD OFFICE:

:

16, Gronchurch Street, London, 11, C. 2.

Authorised Capital

45,000,000

1,800,000

1,050,000

1,200,000

Subscribed Capital Paid-up Capital, "Reserve Fund

BANK.KES:

*The Bank of England à Midland Bank, Lad

BLANCHET

عالBangkok Ga

Hongkong

Kuala Lumpur Rangson

HONGTONG, BRANCA,

Bearsaya

his operations. Because of the in-ear

This policy Stinnes pursued in all flationary trend of the times when he was forming these combinations necessary to study some of the re-long as money remained plentiful

To understand this it is only he met with unusual succession of Banking and Eromange bood cent developments that came to he had little opposition, but when light in the liquidation of the deflation set in it was discovered I Stinnes holdings. Germans were that the commercial companies

HONGKONG MARKET

·

INTEREST allowedt en Current Ansomote så E par mai par sati so. Dully Falamos nod out Fized-De- postní na vanae that may be agoncisined on application.

Acting Manage

1 Q Roll Castră, Heather, Jazuary 11,13048.

PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Sept. 23, June, June.

1925. 1918. 1914.

Ctr. Cts.

lb.

Tongue, fresh-Ngan Li

牛尾耙

购牛肉 燒牛肉 牛鷹 湯肉 牛肉排

ཤཱ ངེ ལ ཟ མ བ ན དོ

· 28

牛 牛

per set 15

each 90

">

Tongue, corned-Ham Ngau Li. #4

Eump. £nh Ngan Chan

Head-Nga Tau

Heart-Ngau Sam

Feet-Ngau Keuk

Kidneys-Ngau Yiu

#

Tail-Ngau "Mel.

ول

#1

Liver-Nguu Kon

Tripe (andreassed)-Ngan To.. Calves' Head and Fest--Ngau-tamięt

keuk ...

Mutton Chop-Yeung Pel Kwat

"

#

returns of the fiye largest banks Pig's showing the growth of business

in six months between October

THE BANK OF TAIWAN, LTD. and April are indisputable evid-

(Taiwan Ginko.)

Incorporated by Special Imperial

Charter, 1899.

Capital Subscribed Capital (Paid-opt Reserve Fund

ナラ

*F

Leg-Yeung Pei ...

Shoulder-Yeang Kin

Saddle-Yeung On Yuk

Chitlings-Chu Chong

Braina-Cha No

Feet-Chu Keuk

JI

Fry--Chu Chap

ence of the rapid increase in business. The figures are in roubies, and about 10 roubles equals £1.

34

Heri-Cha Tru

H

Heurt Chú Sam

Kidneys-Chu Yiu

"

Liver-Cha Кол

ING. 1. April(1. Per

Yen 60,000,000

124, 18. Cert

Malone, Million. T

"

1

xerves

130 216 78 Current ac- " .counts and

#

Fat or Lard--Cho Yan

Yen 52,500,000

Yen 12,980,000 Capital and re-

HEAD OFFICE: TAIPEH, FORMOSA.

deposits... 531 832 57 Tokyo, Yokohama, Kobe, Total liabilities

BRANCHES:

Osake.

JAPAN.

Pork Chop Chu Pal Kwat

Leg-Chu Pet

LoinChu Hau Tun

Sheep's Head & Fest-Yeung Tau-Keuk

M

Heart-Young Sam

Kidneys-Young Yiu Liver-Yeung Kon

FORMOSA. Giran, Kagi, Karenko,Discounts and

or assets 2,136 3,192 50 Sacking Pigs, to order-Cha Teal Keelung, Makang. Nanto, Pinan, Shinchiku, Taichu, Tainan, Takow,

Loans Tamsui. Tohyen, Aka

890 1,234 39

"Such progress would have been quite impossible unless a stable currex. 3y had been first achieved. Actually at the moment

CHINA. Shanghul, Hankow, Amoy,

Foochew, Swatow, Canton. OTHERS, Bangkok, Hongkong, Singa

pore, Sourabaya, Eamarang, Batavia, Bombay, London, Newthe value of the circulation of the York, Calcutta,

LONDON BANKERS: London County Westminster and

Parr's Bank.

The Hank hax Correspondents in the Commemi

Saet, Beef Shang Ngau Yeu

Mutton-Shang Yeung Yau Veal-Ngau Tsai Yuk

Sausages-Ngau Taxi Cheung ....

No. 1.....

JJ

currency in sterling is about Barbel-Ka Ta £80,000,000. Contrast this with Bream-Pin Yu

lb.

4

牛日

each 12

+ 羊排骨

»

24

Chicken--Kal

Poultry,

23 20

Capons, Small-Sin Kai Capons, Large-Sif Kai

Duck-Ap...

Doves-Pan Kau,

Egga, Hon-Kal Tan (cooking) Eggs, Hen-Kai Tan (fresh)

Fowls, Canton-Kai

Fowls, Halcan-Eci Nam Kai Gesse-Ngo.....

Pigeons, Canton-Pak Hap

Helbow-Hoi Hau Pak Kap.. Turkeys, Cock--Fo Kai Kang Turkeys, Hen-Fo Esi Na Snipe Sha Tsui Pheasant-Shan Kri Qual--Om Chun Partridges-Cha Ho

---$1.20

គឺឥឥឥឥឥឥឥឥតគិន !ឌដងឍ8ឌ១ ម៉ឺន៧គ | |826 | ស៊ុន ថ្មីចំនអឌនឥតគ៩ | អ៊ូឌឌឌសនី 8 | | | | | | | នoឥន្ត | អ៊ កិនឌន |

838 1838NKS*"

SJ8287778PRAEK8B8G8

set $1.20 $1.00 $1.00

Ib.

李脾

T

"

枝肉

55"

"1

A

per set 5

lb.

48

24

each 20

#

猪腰

豬排骨

猪肝

t

猪彈

豬後團

Fish.

牛羊仔仔

油脚心孌肝猪油油由

the value of all the millions of old Canton Fresh Water Fish-Hot Sin 塘魚(省城淡)

roubles in Russia at the time of the Genoa Conference in 1922, Sinals, amounting to not more than about BANKING BUSINESS OF EVERY and Dutch $7,000,000.

Correspondents all over the world.

DESCRIPTION.

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

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

Capital (full paid-up).." Ten 100,000,000 Beserve Fund..... Yan 83,500,000

Head Offco:-YOKOHAMA.

Branches and Agencles at:

Pelitavia,

*Bombay.

Buenos AyresS.

Calcutta.

Canton.

Nawchwang,

New York

Osaka,

Feldog.

Hangoon.

Rio de Janeiro,

Dairem(Dalny). Saigon.

Fangtien (Mukden). San Francisco.

Hamburg.

Hankow.

Harbin Hoselalu.

Karachi.

ما

Manila,

Seattle, Bemarang. Shanghai Shimonovski.

Singapore. Bourabaya. Sydney. Tiestain Tokyos

Tringtan Vladivostock.

Controk in the Europat

chyrin, Tinglao, Jaju im, fla Amerion, Africa, A.

morest allowed on Current Accuante, and Fid

"The creation of a stable cur- Despite at mine which will be quoted it applicarency was an essential prelimin-

UGL

Z. YAMAMOTO,

Manager. HONGKONG BRANCH:

3. Des Vaux Road Central, Hongkong, 5th June, 1924.

THE BANK OF CHINA

行銀國中

(Specially Authorised by Presidential

Mandate of the Republic of China on the 22nd of Novembar, 1817). Authorised Capital $60,000,000.00 Paid-up Capital

$18,278,000.00 Reserve Fund

$ 9,629,425.24

HEAD OFFICE: PERING,

HONGKONG · BRANCH;

4, Queen's Road Central N

ary to economic progress. But in a country, 80 per cent. of

Carp-Li Yu

Catfish-Chik Ya Codab-Mun Yu Crabs-Fai Cattle Fish-Mak Yu

Dab-8ba Mang Yu Dace-Wong Mei Lap

Eals, Conger-Hot Man

whose population is engaged in Dog Fish-Tit To Sha agricultural pursuits, actual pro gress is measured and determined by the state of agriculture.

"The area under cultivation has been steadily increased and now reaches over 80 per cent, of pre war. Moreover, the production

Το

Fresh water-Tam Shui Ya Yellow Wong Sin Frogs-Tin Kal ... Garoupa-Shek Pan Gadgoon-Pak Kap Ya HerringTso Pak

of dairy produce and the number bat Cheung Kwan Esp of cattle and piga shows a rapid Labras--Wong Fa Yu increase.. But the equipment of Losch-Wa To the peasant is lamentably weak. Lobsters-Lang. Ha

“Though the area under culti Mackeral--Chi Tu ... vation increases, his lack of Monk Fish-Mong Yu efficient tools and machinery Mullet Tal ̧ Yo make him more and more depen- Oysters-Shang Bộ dent on the chances of the Wen- Parrot Piah-Kai Kung Yu ther for his harvest. Thousands Perch Tan Lo

Branches and Sub branches all over of imported plaughs, reapers, Fike a Pau Fong, a China and Correspondents in Europe, Amarica, and clior parts of the world. binders, tractors, threshing Plaice-Pan Taji London Bankers: The National Provin- machines and tools of every des- Pemfrat, Black-Hak Chong cial and Union Bank of England, Ltd: aription are needed if Russian Pomfret, White-Pak Chong The Guaranty Trust Company of New agricultura is to contribute its Prawns-Ming Ha

York New York - Bankers: - The ́ ̄)

National Bank.

Irving

fair, quota to the needs of the Bay-Fal Pa Sha The Equitable Trust Company of New is to secure the maximum yield Roach C

world, and if the Russian peasant Rock Fish-Shek Kau Hung

from the fertile soil at his dis-Salmon

York

Interest allowed on Current and Fixed Deposits,

Internet allowed on Current Accounts, 7 DAY

Duits reosital for Krst periode at

long as his tools only him to scratch the surface

the yield will be smallt

水魚海鮮

尾肚水

cellgen 4: SSHEETSEDEVÆGGE GEGEN

set

each 15

37

F

»

#

Ib.

#

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19

24

20 18

18

16

16 27

12

9

20

23

26

16

23

16

10

10

8

16

10

18

28

.80

82 25

30

18

15.

+

Almonds-Hang Yan

尿囊素

#

Sept. 29. June, June. 1325. 1918. 1914 Cts. Ctr. Cts.

lb. 42 30 31 1

48

D

28 54 28

30

48 22

30 1 21

each, 18

22 21

per oz. 35

18

新鮮鵝蛋

55

20

*** 海南海口

36

24

each

班湖新本海 白海火火沖山 華豐

Fruits.

ཟེནཱ་ག་ཚོའི་བ ན ེ བམི མ བ དེ འབྱི བྲེ མ

60

杏仁

46 85

25 24

*U** **

6

Lemons, Chine-Ning Mung

** Beach 141 #12

15

10

10

16

Lemons (América)Kam Shan Ning Mung

each

35

30

30

12

14 10

12

14

12

5

8

each 15 12

lb. 18

15

80

Apples (California), Kam Shan Ping Ko ✰UI

Bananas (bride's), Macao-Son Heung

Chin

Carambola-Yeung To

Cocoanute-Te Tse

Lichees, Dried (small stone) Lai Chi Kon

Oranges (Canton), Sweet--Shan-sheng

Tim Chang

Oranges-Tim Chang

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

Feraimmons, Large-Hung Tie Plantain-Tai Chiu Fumelo, Sara-Taim Lo Yau Walnuts-Hop To

Grapes-Po Tai Tex

(新會甜橙)

RM 竹类角A ‘瓜菜鲜花花花鲜菜干椒椒料成潮塞

芝瓜

沙花紅大集合著

.晝紅黃紅不黑膠大中超全活辣紅青網青諾子

大興榮花

中轉榮花

湘建榮花

辣椒。

22 18 18 23 22 18 24

82 21

Artichokes—Ah Chỉ Cheok Beans, Sprout-Nga Tasi,.

Long-Tau Kok

Vegetables, &c..

Beet Root-Hung Tapi Tan Bitter Squash-Fa Ewa ... Brinjala, Green-Ching Yon Kwa

Red-Hung Ke8 ........

Cabbage, Chinese (common)--Kai Trof.

(Shanghai)-Yo Tool

Cane Shoots, bunch--Kau Shan

idower (Large)—Ye Tool Fa

(Medium)

(Small)

Carrots-Kam Shup

Celery, Chinese-Tong Kan Tod Chillies, Dried--Lat, Chlu Kom

Green-Ching” Lat Chin

Carry Staff, English-Ka Lễ Chg Lin. Cucumbers Ching Kwa

Galio Gin Thá

Gloger, Young--San The Keung Ginger, Old-Lo Kming ....

Horseradish, Shanghai-Lák Kan Indian CornShak Hat

Lettuce Yeong Shang Trol Water Chastetta—Min Ta

- Mandarin---K, Mushroomís, Fresh--Shang Tuo

82 22

20

32

28

32

16.9/22

14

85

20

16

28 314

36 26 29

(42) 86 80

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76, 86

45

18

2014

18:18.

88 229

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manufactured:

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