1925-10-03 — Page 2

Page

J

:

2

HONGKONG AND SHANGHAI BANKING CORPORATION.

HEAD OFFICE: HONGKONG.

Authorised Capital .........$50,000,000 Lasood and Fully Paid up...820,000,007 Bonorve Funda....

Starling......£4,500,000 Silver $16,500,000

Reserve Liability of: $20,000,000

Proprietors......n

COURT OF DIRECTORS:

G. M. Young, Esq.-Chairman. E. P. White, Esq-Deputy Chairman. W. H. Ball, Yaq. Hon. Mr. A. O. Lang. D. G. M. Bernard, Esq. W. L. Patiendas, A. H. Compton, Eq. 7. A. Flammer. L. HooMr. P.I.Holyoaki T. G, Wall, re

CHIEF MANAGER:

A. H. BARLOW, Esq.

Manager: Shanghal-Q, H. STITT. Esq.

LONDON BANKERS.

Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENCY 'und FIXED DEPOSITS received for one year or shorter periods in Local Currency and Sterling on terma which will be quoted jen_application.

* Hongkong, 20th, May 1925.

HONGKONG SAVINGS BANK

THE business of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING COR PORATION. Ruter may be obtajuud on application.

INTEREST on deposita is calculated on the lowest balance during asch com-. pleted Calendar Month at 9 per cent. personam. Should there be no balance on any day in a month no interest will be allowed for that month,

Depositor may transfer at their option Balance of $100 or more to the SONGKONG & SHANGHAI BANK

$ ME DANK OF EAST ASAN

LIMITED.

HEAD OFFICE: HONGKONG, 10, Des Vaux Road Central, Hongkong.

Authorized Capital ....$10,000,000 Pald-up Capital

8,000,000 Reserve Fund...

1,000,000 DIRECTORS:

Hon. Mr. Chow Shou Son--Chairman.

Mok Ching Kong Wong Yun Tong Puyuh Tal

Fung Ping Shan Li Koon Chun

P. K. Kwok

Ng Ching Luk

Pong Wal Ting

Kan Ying Po Chan Ching Shek

Loans

SAFE DEPOSIT BOXES to let.

KAN TONG PO,

Chief Manager.

Hongkong, 16th February, 1926.

THE CHINA MAIL.

COMMERCE AND FINANCE

ENGLAND'S BANKING.

SYSTEM.

By Henry Bell, (General Manager of Lloyds Bank),

strictness

fown capital" could "properly · so co-operate, I cannot conceive any more improper use of depositors'

money.

So far I have not mentioned the Capital and Reserves of the Banks, which are, second to good management, the main security of

SATURDAY, OCTOBER 8, 1925.

A CAP.

Eritish business man." Does the cap At?

2.

"British industry required no Columbus to set forward on voyage for the discovery of new markets. Within the Empire, Britain had the greatest emporium The markets were there waiting that the world had ever known.

I pm indebted to the Journal": of the British Chamber of Com because of the certainty that

merce of Turkey and the Balkan Bankers here are going to be able

States for the following quotation to pay them back "on demand,"

from "La Revue" (Lausanne) and that scraps of paper express-

says the "Manchester Guardian ed for large amounts, across

their clients. The figures vary, † Comunexciał :-ná which a Banker's acceptance is but are all substantial and, in

Great Britain appears to have written are as good as gold.” addition to the paid-up Capital, lived too long on its past, on the I am agked to write a few It is not so everywhere. I do there is a large sum of unpaid strength it, hus acquired, without to be organised, asking to be words on the English banking, not wish to say more on the point Capital as further security for noticing that all around are signs of developed. If these great tracts system and its relation to trade, of "dead straightness." That depositors. In the case of four of progress. Popular instruction and of country and continent were

savours of pharieaism. Every description of Banking and and as introduction I would like do I indicate

Rather the largest of the British Banks feclinical education are backward. fertilised by British credit, the Exchange business transacted.

harvest avduld be reaped by a (for the fifth has no unpaid The machinery used in many in- to clear away two strange mis- method. It is common property Capital) there is, in addition to dustries in inferior to that of foreign great increase in the export of granted on approved securities.

conceptions which I find widely that the system obtaining abroad Capital and Reserve (excluding competition, especially since the British products."-Sir Alfred prevalent. I often hear people are, of at least were, more sport amounts

devastation occasioned by the war | Mond, "carried forward"), speak of the great sums in the and distrust it in spanking totalling about 280.000.000, no reconstruct entirely their metallur THE MERCANTILE BANK OF

has forced France and Belgium to its place. I distrust it in less an amount than £140,000,000 gical factories and their spinning hands of the Banks as though A new hydro-electric rain installa- available in case of contingencies. mills and equip them with the last these hundreds of millions of tion plant was discovered (No such security le available for word in machinery.

INDIA, LTD. money were their own property. invent the example) and the in- Bank depositors in any other of the old weights and measures They are, in fact, debts owing by terested parties flew to their country in the world.

Bankers. A company was form- the Banka to tens of thousands of ed, the Bahk gave loans, took people who, for convenience or shares, secured a bonus holding profit or both, entrust their "for services rendered," appoint-

ed some of their Board as Direc-· surplus cash with their Bankers tors of the new company and, if to keep safely and return prompt- the venture was successful, "pull- ly if and when required.

ed out" at a nice profit. If June 30 last. . This is the great central fact successful-if not, not

This sort of thing is sometimes of banking, and no banker worthy recommended for English bank- to he so called fails to have thisers' imitation. I can only say consideration as first and fore-that though there are financial Fra 10,790,000 most in his mind. He is greatly organisations formed or which might be formed who, with their

司公理管業實法中

SOCIETE FRANCAISE DE GERANCE.

DE LA BANQUE INDUSTRIELL

DE. CHINE. ETABLISSEMENT FRANCO

CHINOIS. (Incorporated in France).

$, Chater Road, Victoria, Hongkong

HEAD OFFICE: 74, Rue St. Lazara Paris,

Subscribed Capital fully

paid-up Reserve Fund

Frs. 18,000,000

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

Furia:

BANKERS: Societe Generale, Banque Nationale de Credit, Banque de Paris et des "Pays Bas. London: Midland Bank, Ltd.

]

to be plased on FIXED DEPOSIT Now York: Irring Bank Columbia Trat

CURRENT BATES.

For Las HoroNG & KBARSHA!

BASKING SOHIDRATICA.O

A. E. BARLOW,

Catet Manager. Jongkong 7th Jatrary, 1925.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

B8, Boulevard Haussman, P

Co.

Every description of Banking and Exchange Business transacted, » Corre aponderia throughout the world.

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

trusted and he must worthily respond. When he gives loan's. when he invests, when he guar antees, and when be discounts bills, he must ever have in view that it is other people's money, not his own, which he is using. And as those other people will must so use their money that he some day require to be repaid, he

in turn may be sure of his own punctual repayment, in view of his liabilities. So "bricks and mortar." except very temporarily Seat Sirloin-Ngau Mei Pa and to a very small amount, are no fit security for the Banker.

The second strange miscon- ception of banking practice is to suppose that Bankers lend money

THE CHARTERED BANK OF to traders and individuals. That

Subscribed Capital. Frs. 72,000,000.00 INDIA, AUSTRALIA CHINA,

Paid-Up Capital Frs. 68.400,000.00 Reserve Fu. Pra, 59,067,283,54

BRANCHES.

Ingest Katambang

Hongkong

Adangte

.Soton ♪ithout]" Bong Endkow

Balgon⚫

Stanghal

Hingapor

Tientsin

Pom-Pen

Yunnanfa

Pondicherry

Nomura Fapsele Pazing

BANKERS:

IN FRANCE:Comptoir National d'acomple

ie Paris; Crella Lyonnais, Banque de Paris t

Fnya; Credit Industriales Commercial

Aniele Generals.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

........23,000,000 Reserve Funi£4,000,003 Reserve Liability of Pro-

prietors

..£3,000,000

sounds startling, but in fact it is traders and individuals who bor- row from Bankers-and there is No a very obvious difference: Banker goes to a timber merchant and suggests that he, the mer- chant, should buy a cargo of pitch pine and that the Bank will be glad to lend him the money to buy it. It is the timber mer chant, if he be so inclined, who makes the proposal and is so accommodated. I stress what may seem paradoxical but there is a fundamental principle involved.

"

Prime Cut

JIMAH RUBBER.

The retention

T

BLAD OFFIUR

15. Gracechurch Steves, Loudan, M., a

Authorised Capital Subscribed Capital.

·Paid-up Capital Reserve Fund

DANKERS

.£3,000,000

1,800,000 1,050,000

1,800,000

The Bank of Kogland à Midinad Bank, Lid,

ARANCHES

Munia Lasper Kingsta

Bangkok Dalia

Hongkon Bombs Howrah

binders business with countries having the decimal system. Ignors ance of foreign languages, coupled sometimes, with a certain pride in nsing nothing but, English for cor-"

Batavia A dividend of 10 per cent. has respondence, prevents an increase been declared for the year ended of payment in advance, or cash of customers. Antiquated methods

down, the lack of commercial t- vellers, the ineptitude of English industry to adapt itself to the tastes of foreign buyere, all these are of

$58,005 was avail- able for distribution. Ten per cent. has been declared, absorbing $82,000, and $20.005 is being carried forward..

The annual meeting of the Company is being held to-day at Singapore.

If

الطليق

Kandy

Kota Bhar

Madra

New Yor

Blogapore

Fort Leak (Maurit(a)

Bourabaya

HONGKONG KRATON, Every description of Banking and Exchange bund 1994 tonnsacted.

INTEREST SÄLOWeć on Current Accounts at 2 per ant par mam on Delly Ralance and on Man De

J. 1 8088,

little assistance in the commercial battle against rivals whose profesie at rate has may be orinard on applis alier, sional education and publicity methods are superior to those of the

HONGKONG MARKET

Carmed-Eam Ngan Yuk

I

Roast Shin Ngau Yax

1+

Breast--Ngau Hung

Soup-Tong Yuk

21

Steak Ngau Yuk Pa

>

Steak Sirloin-Ngau Lau

Sausages--Ngku Cheung

Bullock's Braine-Ngna No....

**

።

Tougue, fresh-Ngau Li

牛尾耙 Ib.

贱牛肉 燒牛肉 4 B

湯!

牛肉排 牛柳

牛腸 牛腦

Tongue, corned-Ham Ngau Li. 44 Head-Ngau Tau

Heart-Ngau Sam

Hunip, Salt-Ngau Chun

Feet-Ngau Keuk

H

Kidneye-Ngau Yiu

27

Tall-Ngau Mei

17

Liver Ngao Kob

T

.

4 A

4

• F: · Å; F: +

1187388*8*288Ï28998

1 * * 8 * 888898 88828"

Chicken-Kal

_ Queen Road Cateral, Annakour, Jagskey 25, 1996.

PRODUCE.

Capone, Small-Sin Kai- Capons, Large Sin Kat Duck-Ap

Doves-Pan Kau

Eggs, Hen-Kai Tan (cooking)

Pigeons, Canton-Pak Kap

**

Turkeys, Cock-Fo Kal Kung

Snipe-Sha Tsui

Pheasant-Shan Kai Qual-Om Chun

Partridges-Che Ku

Aðilar ManseRN

October 1, June, June. 1925. 1918., 1914

Ctr. Cla Ctx.

b. 46 30 31

42

54 28 30"

58 28 30

52 22 21

each 19 22 21

per oz. 85

18

新鮮雞蛋

25

20

本地靈

海南海口

28

24

each

23

51

45

each

BUSSKNAD FILISE##

班隼新本海斯白海火火沙山藥美

ORR

APPROXIMATE

RETAIL PRICES.

Butcher Meat

Poultry.

October 1, Jane, June.

1925. 1918 1914.

Cte. Cta. Ctu.

12

88

12

84

20/

22

18

18

22

Eggs, Hon-Kai Ten (fresh)

35

Fowls, Canton---Kal

20

per set 15

12

Fowls, Hainan-Ho! Nam Kai Gasse-Ngo

each 90

60

Hoihow-Hoi Hsu Pak Kap..

$1.20

14

Turkeys, Ken-Fo Kai Na

18

each 12

12

12

22

24

14

7

4

羊排骨

set $1.20 $1.00 $1.00

Fruits.

Jb.

26

A. H. FERGUSON,

Manager. Hongkong, 15th April, 1925.

plaint that Bankers won't do this or that which in fact they are quite prepared to do, but for which there is no demand.

12

Leg-Yeung Fet

脾

+

#.

Jb.

55

**

手

24

**

22

24

Saddle-Young On Yuk

1)

Pig's

Chitlings-Chu Chong

·羊鞍肉 猪服

Bran Chu No

Feet-Chu Kouk

猪腦 per eet 5

*

燕山燕

·9

Carambola-Young To......

36

Ib.

24. 15

Cocoaputa-Ye Tro

Fry--Chu Chap

each 14

猪 什

18

17

Head-Chu Tsu

Lemons, China-Ning Mung

lb. 12

-20

Heart--Chu Sam

#

Lemons(America) Kam Shan Ning Mung,

H

# 0

each 15 10

10

Kidneys-Chu Yiu

Lichses, Dried (small stone)Lai Chi Kon

猪鑒

esch 8 jb. 28

8

Liver Chu Kon

猪肝 b. 52

24

猪排背

Oranges (Canton), Sweet-Shan-shang

Tim Chang...

(新會都機)

25

23

TI

30

#

Pears (Canton), Cooking-She Li

12

28

27

**

14.

15

get

70

5

each 15

87

Pumelo, Slam-Tam Lo Tau

each 15 12

22

12.

10

26

25

- 25

17

25

22 2018

Banking business transacted.

FOREIGN EXCHANGE and General

CURRENT ACCOUNTS opened and of Engined, Lid. Comptoir FIXED DEPOSITS received. for 1 year

IN LONDON: The Nations: Provincial à OLIJA Bask

Tripa (Endresssed)-Ngan To.... Calves' Head and Feet--Ngau-tsai-tau-"

keat":

or shorter period at rates which will be How often have I heard the com- 1 Mutton Chép-Yeung Pel Kwat

Saunal d'Broompie de Paris; Credit Lyonnals

NEW YORK: J. P. Morgan & Co.quoted on application.

American Banking Corporation;

by Trait Co, of New York.

Later allowed on Current Accounts and Fixed Deposits according to arrangement.

y disnption of Ranking and Exchang

A. LECOT,

Manager.

Hongkong, March 20, 1924.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)"

EKARZE 1994. KONFIDEN BRANON AWARIKemin 19:06. Authorized Capitalet. 150,000,000 £1,500,00 Pald-Up Cmpltalt. 80,000,000 £6,6812 Bowers Fund... 20438,861 1,711, Special Reservos...G. 22,000,000 £1,988,

HEAD OFFICE:-Amsterdam. EASTERN HEAD OFFICE:-Batavia, BRANCHES:-

Bandar

Caloutta

Diokarta

Ecto-Badja

Padang

Botterdam

Megapar

2

Bandoung Bombay Oberibos D'ember The Hague Kobe MACAWAT Medi Palembang Palongan Pontiana Bangoon

Samarang Bhanghai

Boerakaria (Baic)

Weltevreden

Boerabais

Tilintar

LONDON BANKERS:-

National Provincial Bank, Ltd.

Correspondents all over the world.

The Banker, be sure, wishes to endit pays him. Only three

THE BANK OF TAIWAN, LTD. considerations restrain him. The

(Taiwan Ginko.)

Incorporated by Special Imperial

Charter, 1899.

Capital Subscribed Capital (Paid-up) Reserve Fund

Yen 60,000,000 Yen 62,600,000 Yen 12,980,000

HEAD OFFICE: ZAIFEH, FORMOSA.

BRANCHES:

JAPAN. Tokyo, Yokohama, Xobs,

Овака.

FORMOSA. Giran, Kagi, Karenko, Keelung, Makung, Nanto, Finan, Shinshiku, Taichu, Tainan, Takow, Tamoni, Tolyer, đảo CHINA. Shanghai, Hanków, Amoy,

Foochow, Swatow, Canton. OTHERS Bangkok, Hongkong, 'Singa pore, Soerabaya, Samarang, Batavia, Bombay, London, New York, Calcutta.

LONDON BANKERS: London County Westminster and

Parr's Bank.

The Bank has Correspondents in the Commercial

first, that there-is no demand, the second, that the proposed loan is perilous; the third, that he has already lent as great a proportion of his depositors' moneys as he prudently should do.

by

Basic.

J

Shoulder-Yeung Kin

Pork Chop-Chu Pai Kwat

Leg-Chu Pei

Loin-Chi Eau Tun

Fat or Lard-Chu Yau

П

Sheep's

ያ

נו

Head & Feet-Yeung Tau-Keuk

Heart-Yeung Sam Kidneys-Young Yiu Liver-Yeung Kon

Sucking Pigs, to orderCha Toal Suet, Beef--Shang Ngan Yau

Mutton---Shang Yeung Yau Veal-Ngan Taaj Yak ...................

Sausages-Ngan Tsai Cheung

This "conservatism" of bank- ing therefore is basic. It is founded on a vivid sense of re- sponsibility to depositors, but it no meana implies undue caution or lack of the fullest liberality in lending within well defined limits. When I have seen the stricken faces of men women outside the closed doors of broken 'Banks whose managers have employed their moneys in ventures" I have wondered if among them were some who themselves had been critics of the Barbal-Ha Yo safer and honester methods.

and

Bream-Pin Yu

猪

*

牛羊仔仔

油脚心要肝甜柚肉岛

No. 1

Fish.

糖魚(省捷淡)

But over-caution, if not equally, Canton Fresh Water Fish-Hot Sin

is also wrong. It is the duty of

Centres in the European Continent. Fumin, Banks to give accommodation to Carp-Li Yu

churia, Taingtan, Japus, InChina Glam, Jadi

Philippine Tebarile, Java, and Dutch Indies, Australia,

BANKING BUSINESS OF EVERY America, Afrion, &

DESCRIPTION.

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

THE YOKOHAMA SPECIE

BANK. LTD.

Established 1880,

เรียน

the full extent of their power. Cata-Chik In What is this full extent? Cases

Codfah-Mun Yo Craba-Hal Cattle FishMut Yo Dabha Máng Yn Dace-Wong Mel Lap Dog Fish-Th To Sha Ele, Cong-Hoi Man

̧ ̧„^, Fresh water-Tâm Shul Tu

Yellow Wong Bi Frogs-Tin Kat Garoup-Shak Paz

Interest allowed ut Current Accounts, and Fixed Deponita at rates which will be groted on applivary, but 60 per cent. of their de 2. YAMAMOTO, positors' money is at least liberal.

Manager.

If space permitted, it would be HONGKONG BRANCH:

useful and interesting to state 3. Don Vaux Road Central,

shortly how a Banker employs the Hongkong, 6th June, 1024.

2100 left with him by the parson, the dressmaker, the farmer, the merchant, and the rentier. To lend £60 of it to business seems a big proportion and would be, indeed, if the loan were not secur- Gudgeon-Fak. Kan: In

THE BANK OF CHINA

行銀國中

Capital (full paid-up). Ten 100,000,000 (Specially Authorised by Presidential

Reserve Fund

Yen 88,300,000 Mandate of the Repabile of China

on the 22nd of November, 1917).

Head Ofices-YOKOḤAMA.

Branches and Agencies at:

Osaka

Katarin,

Nowchwang

Bombay.

New York

Buenos Ayres.

Calcutta.

Peking

Canton.

Rangoon

Changchun

Rio de Janeiro.

Daireo (Dakiy). Eaigon. Jangtiem (Mukden), San Francisco. Hamburg.

Seattle

Semarang

Shanghai

Shimotoselt, Bingapore

maining £40, there must be cash Halibut Cheung Kwan Kap in the tills in the Bank of Eng Labra-Wong Fa Yu Authorised Capital $00,000,000.00 land, and investments, and bills, Losch--Wu Ya Paid-up Capital Reserve Fund

ed or mostly so. For, of the re- Herings-Tec Fak,

$18,278,600.00 and moneys in the "money Labsters--Long Ha $9,629, 425.24 market.”

Mackerel

HEAD OFFICE. PEKING.

HONGKONG BRANCH:

4, Queen's Road Central.

I recall being in Russia before. Mpak Tish- the war. We were being "dined" | Maint-Tr In St. Petersburg by the Bankers Oystars-h and I was asked to speak I Parrot Fia

Brancher and Sub-branches all over sought to emphasise the common: Parche

China and Correspondents in Europe,

tie between Bankers the world Pe

America, and other parts of the world over. We were, I said, trusted by Plas London Bankera:Tao National Provin cial and Union Bank of England, Tad, The Guaranty Trust Company of New

People. They gave us their Pomora

money to keep, and to keep safely, Pomira Br York

and our metier and our pride was Fran New York Banku The Irring to be honest first last and all the

National Bande en van de benef The Equitable Trust Company of Newtime. Upon which (as I heard,

Tock

4999PACTTTACHA88-998

lb. 80

-82

༤ཏ

88829282283 18N-HAKAKOR

20

20

24

16

18

-27

12

9:

25

46 23 .26

84

2

56

23 16

20

10 9.

10

10 8

B0 16

水

-10 13

30

85

82

25

75

80

22

18

:15

36

22 18

24 18 28

28

28

80

22 24

56.

32 21

32

38.

8016

RE

VERZERUNG KELSKEDEKU320 ALABETE OR I

28 * -988-KARAANNAAN-~~~---Ma

16

14

88-28-29%

46 86

Almonds-Hang Yan

Apples (California), Kam Shan Ping Ko

Bananas, (bride's), Macao-San Heung

Chin

Oranges-Tim Chang

Peanuts-Fa Shang

Persimmons, Large--Hung Ts

Piantain-Tai Chiu

Walnute-Hop To

Grapes-Po Tai Tax

+

RE RE DE NE ZA BEH.

R

·抄花紅大合署

Artichokes--Ab Chi Cheuk

Beans, Sprout-Nga Tsol

Long-Tau Kok ....

Beet Boot-Hung Tao Tau Bitter Squash--Fu Kwa ̈

Vegetables, &c.

Brinjals, Green-Ching Yun Kwa

Red-Hung Kes ..

Cabbage, Chinese (common)-a! Trok.

(Shanghai)-Ye Taol Vis

Caus Shoota, bunch-Kão Shoo Caulidower (Large)-Ye Tiol Fa

#

"{{Medium) (Small)

Calery, Chinaas-"Tong Kan Tsof Chillies, Dried —Lat Chin Kön

** Bed-Hong" Fa Cain",

| Green-Ching Lat. Chiu Curry Stuff, English-Ka L4 Cầu Cucumbers--Ching Kwa -

Garlic--Bun Tad 20

Ginger, Tong--Sun Tas Kang- Ginger, Old-Lo Keung

Horseradish, Shanghai-Lil Xan

Indian Corn Shpk Mal

Lettuce Young. Blabur Tao Water Obertzeta-165 Tal

**

NOTER 111-1989-

each

Jb.

82

each 4

8:

18

∙10--

IL NAUSAHA 7941

19

15

8 6 12

|_ Deposits/Tires

and sad