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
北
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
悱
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
牛
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
リ
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
ม
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
猪
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
购
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
糖
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
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