1925-11-04 — Page 2

HONGKONG AND SHANGHAI THE BANK OF EAST

BANKING CORPORATION.

HEAD OFFICE: HONGKONG.

Austfibrined Capital ***...........$50,000;000- Tinued and Fully Paid up...$20,000,000 Bossere Funds-

Steeling......£4,500,000- Silver.....$26,500,000:

Edaarna Liability of

Proprietors.

$20,600,000

COURT OF DIRECTORS: G. M.. Young, Esq., Chairman, EL. P. White, Baq.-Deputy Chairman.

„Bom Ms, A. Vi bang

17. EL Bull, že

DG, M, eriard, Bay: Wa la fresanden,

EL Compson, Esq. 3. A. Plummer Beq. Tour.PA Haiyuki T, G; Wank, hog

CHIEF MANAGER: A. H. BARLOW, "Esq.

www.

Manager; Shanghai-G. E. STITT, E64.

LONDON: BANKERS,

Westminster Bank, Ltd.

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, 2018, May 1925.

HONGKONG SAVINGS-BANK.

TER bastaser of the above Bank is conducted by the HONGKONGE AND BHANGHAI BANKING COE- FORATION. Bulos may be obtained ¡on application.

INTEREST on deposita in calculated on the lowest balance daring each rozs - pleted" Chlsandar Month/at 37 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 transfer at their option: Balance of $100 or mors to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES,

ASIA, LIMITED.

HEAD OFFICE: HONGEONG {0%. Des: Vœur Bead Control Hongkong,

Authorisad' Capital ........$10 Faid-up Capital", Reserve

DIRECTORS:

5,000,000

Hem Mr. Chow Shơn Bon---Chairman.--|

Tung Ping Shan” Mək Ching Kong LA Koon Chrom Wong Yan Tong FLEwok Zursa Em Ng Ching Lake P Poor Wa Thar Chin Ching Bhak

THE CHINA MALE.

COMMERCE AND FINANCE.

EXPERTS VIEWS.

Why Are Bankers Free-Traders?y

When the Editor anks me to dis- cuss the question.Why are Bank- grs Free-traters? it is plain that be implies another question which in his opinion "expecte as the rary description of Banking and Latin grummers say the answer changs business transacted.

"Lones."

writes Mr. Walter Leaf granted, ou approred securities.

SAFE: DEPOSIT BOTES to let Chairman of the Westminster

IL Home XAN TONG PO,

bankers Chief Manager Are

free-traders? If tails is pub as a general proposi tion is olemely cannot be said by way of premise that "All bankers are Free-traders."

Hongkong, 14th February, 1925,

Bank

ונן

stopped weekly

the shares

emp

be ade with

GREEK CONTRACT.

British Firm's. Success.

The only chas of large banks and where one will find frestrede open commercial sta 1. 1

supported is in New York, and sporadically in BOTA of the other grond oities, where the financing di foreige trade is practised on the large scale. Here the wider view leads to an understanding of the nature of overseas trade, and the

The tender of the Power and necessity for impore in order to pay Traction, Finance Co., Ltd., of for exports, there is a focus of free. London, in conjunction with the trade propaganda. But the gen

Greek National Bank and other eral jealousy of New York City nancisi interests, has been pro which is engrained in the American visionally accepted for the carry- mind only tends to strengthen the ing out of important electrical power works in Greece, BAYS protectionist sentiment as soon sa Modern Transport." one leaves the Eastern seaboard. The Power and Traction In Great Britain the converse is Finance Company Ltd., was re- of course træ. Our banks are gistered in April 1922, with a To begin with, there are in the All British in their interest. capital of £250,000, under the United States, I believe, something They cover the whole country, and auspices of Sir William Arrol like 40.000 bank, presidents; and have to take into account the farmer and Co., Ltd., John Brown and one may seriously doubt whether equally with the inanufacturer, the Co., Ltd.; Cammell Laird and any but a small minority of these cousuer equally with the producer. Co., Ltd.; the English Electric are anything but extreme protes-Protection is essentially the policy Co., Ltd. the North British tionists. So we mest linxit the of particular interests: the banker Locomotive Co., Ltd., and the question to Great Britain: Andi has to be impartial, and to serve the Prudential Assurance Co., Ltd, to 6. Chater Road, Victoria; Mongkong. even here it cannot be admitted general interest. He in epucerned concentrate the experience and that all bankers are free traders.ke with protectionist, Birming financial power of the concerns HEAD OFFICH::76-Bus St. Lazara Certainly not all bank directors are ham and free trule Manchester, named in the development and

such and as to the staff one canThe bulk of his business, after all,

execution of large public works.

Subscribed Capital folly

asy nothing with certainty. But it is based on the conmmer, for we

· paid-up........

Fr. 10.000,00may be presumed that they differ are all consumers and it is for him Reserve Fund Prs. 19,790,00 among themselves on this as "a to regard the commmers, who are

司公理管業實法中

SOCIETE FRANCAISE DI GEHANCE.

BA LA BANQUE, INDUSTRIELLE DE CHINE. ETABLISSEMENT FRANCO CHINOIS. (Incorporated' in Franca).

Parizu

- Working, fund; provided:by.” THE BANQUE INDUSTRIELL

Para:

DE CHINE.

*Tra: #0;000;00G-~

BANKERS:..

Speista Generale, Basqu Nationale de Credit, Banque d Paris et des Para Baz

London: Midland Bank, Ltd.

other matters of politics; it is weak and anttered, and see that tainly never asked in the appoint-they get fair play, so far as is in ment of a manager whether he is a|his power, at the hands of the power- [free-trader-the-banks as such are fat and concentrated interests indifferent to the political opinione which call for protection. Hence of their officers.

he has a natural bias in favour of free trade.

1

But the foundation of the belief that "all bankers are free-traders'

For the Homecare Boat New York: Irving Bank Columbia Trans to be found, no doubt in a mani

BANG CORPORATION,

A. EL BARLOW,

ChildManager. Hongkong, 7th January 1927.

BANQUE DE L'INDO-CHINT.

HEAD OFFICE:

$0.

Every description of Basking Exchange Business transacted Corr spondanta: throughout, the worldi

A. BOLLIN Manager `Hongkong, End August, 1925.

96, Boulevard. Haussman, Paris. Subscribed Capital... Frs. 72,000,000.00 THE CHARTERED BANK OF Fra: 68,400,000.00 INDIA, AUSTRALIA & CHINA Fald-Up Capital' ... Reserve. Fund

Bangkak Battambang Cantón Djibouti

Haiphong Hankow

Hanoi

Fra 60,387,283.04

BRANCHES.

Roming

Nom

· Pawarta :

Paking

Per Poodlebery BANKERS:

.Raigon..

Ranogh Aingspore

Take

Yunsiu

IN FRANCE: Comptoir National d'Escampte de Paris; Ordis Kyozmais; Banque do Paria et die Pays-Bas Credit Industrial et Oenimercial Bociotr Generala.

IN LONDON: The National Provincií' & Union Bank of England, Ltd. Comptoir National d Esenapon de Paris Credit Lyannis IN NEW YORK: J. P. Morgan & Co.; Banking Corporation French Araries Guaranty Tract Co. of New York..

**

Interest linni on Current Remonta and Fixml Deposita sonoring to arrangement."

Every deseripting of Basking and Exchange Basins transacted.

A. LECOT,

Hongkong, March 10, 1984.

Mazagar.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

"

NISTINELANDS. TRADING. SOCIETT.)

Herastinum 1994.

Hosszzes ExLNOKĮ Meazzino 190o)

„Mulioziani Čapital (3. 150,000,000 £12,500,000-

INCORPORATED BY, ROYAL CHARTER, 1863,

HEAD OFFICE: LONDON.

And further : the bunker has to

deus with our reign trade, the feito desued a few years ago by a foundation of all prosperity for number of important perons in the Great Britain. He has continually City of London which was signed before his eyes the necessity for a think, by the churmen of the balance of exports and imports; he huge joins took banks without ex-[is always face to face with the ception, among a number of others; golden rule, "If thon will not buy. nd of these others there Was neither shalt thou well.". It is lis | notable collection of the leaders of interest, as it is the interest"of" alt the great merchant bankers. The his clients, that the volume of trade fact was significant, and produced in both directions should be as is efect, though of course the large as possible; and he cannot signatories gave their names only in but deplore all artificial barriers their individual capacity, and not as which not only tend, but are direct- representatives of their banks. ly designed, to hamper the mutual The number of those who signed | flow. He has to keep his attention was not so large but that this up-directed to the great entrepos Janimity might be ascribed to chance news, the constant importation

or to the innate conservatism of re-export, by means of which Great the bankers, who had been brought Britain takes toll of so much of the prietars 7w.vm...£8,900,000

up in the orthodox traditions of the world's trade, and he see the ̈. FOREIGN EXCHANGE and Gallust century, and had been too slow marrow margin by which this trade Banking business transacted

to march with the times. Some-is carried on, and the cue by which thing must be dilowed for the elenient of chance; among the pro tectionists who are on the boards of the banks there is no apparent ason why one or two at least should not have been elected to the chair. But the common instinct has felt, and I believe rightly felt, THE BANK OF TAIWAN, LTD.thut this is not a sufficient explana

(Thiwan' Ginko.)

Paid-up Capital. ........63,900,000- Reserve Fund Reserve Liability of Pro-

24,000,000

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

A. E. FERGUSON,

Manager. Hongkong, 15th April, 1925.

Incorporated by Special Impariat Charter, 1899.

4

tion, and that there must be some thing in the nature of backing itself which tends to make those who devota, their whole energien to it faithful to the old tradition, some thing which is the cutcome mot of "Victorian" reluctance to change a fixed belief, but of due and full consideration of the conditions Land responsibilitiek of their position,

Capital Subscribed ... Yan-80,000,000 Capital (Paid-up) ... Yen 62,500,000

Yen 12,980,000 mere Reserve Fund

HEAD OFFICE: TAIPEH, FORMOSA.

BRANCHES:

"Pald-Up Capital WG, 80,000,000 2 6,068,571 || JAPAN. — Tokyo, · Yokohama,.

Baerts Fand G. 30.536,56 41716AM |-- Qualan,

BRANCHES: BenBeermain Babdowng Bombay

Oberiho Calenta

Djambar Djokat The Haga Kaba

Ko Balin

Padmas

Pak

Botlarda

Plugapore

Palmesburg Pocalongaa

Puiduak Bengoas Hameng 3kmghat Boorabats Sowerkara (Zola)

Walteriydim Tilakjap

Kobe,

T

* LONDON. BANKERS: London County Westminster and

Parr's Bank,

quite small cube burrier may divert it to such envious porta as Hamburg and Rotterdam.

His function is to lubricate the muchinery by which two streams of goods, complementary to one, an- other and corresponding in amount, ure kept flowing with mutually beneficent results: and he cannot but do his best to see that the channels are free from needless. obstruction.

And finally, he represente, as the American banker also docs, the gen- eral economic opinion of his country. Great Britain is a traditionally free-trade land, as America is traditionally protectionist. In each tasa u great industrial system has

The Greek proposals of this group involve the loan of $2,000,000 under the Trade Facilities schemes the

*

NOW I WONDER WHO THAT CAN BE

Very often this is your Arst thought when you receive a message to call op wuch and such a telephone number. You can and out easily from the Telephone Handbook which gives the numbers in the numerical) order. You simply turn the pages, and the number, and see who. It is that has been calling you

The Telephone Handbook can be obtained from the publisher No, 6, Wadham Street, price one dollar.

HONGKONG MARKET

Beef Sirloin

PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

牛尾气

16.

Prime Cut

Corned

18

Roast

+

Breast

Soup

Steak

"

"

Steak Sirloin

Sausages .....

Bullock's Brains

"

......

October

- 29, June. June.

1925. 1918. 1814..

Ota. Ota. Cts,

32 24

12

23 12

Chicken Capons, Small

Poultry.

October

29 June, June. 1925: 1918, 18144 Clés. Ctä. Cta,

60 80 81 55 7.28

ផ្លែដូងទ៩៧៨ វុន | | | | | | |

20

$2 23.12

Capons, Large

31

60 28

32

24. 22

Duck

45 22

32

20 13

Dores

#

26 20

18

Eggs, Ben" (cooking)

each. 22 22 21 pér oz. 85

牛肉

32. --24 22.

Eggs, Hen (fresh))

50

30: 35

Fowls Canton

184

40

26 20

Fowls, Hainan

35 28

per set 15

10.12

Geese.

50

24. 24

Tongue, fresh,

each 90

50

60

each --

30

Tongue, corned

60

28. 23

Head

90

-$1.20

80

Heart

30

13% 14.

65

Hump, Salt L

20

13

Snipe

Feet Kidneys Tail

each 10 10

12

Pheasant

each pair $1.80

24

15 10 12

Quail

22

Partri

"Liver

Tripe

牛肚

Calves' Head & Fest.. 4 Mutton Chop

Leg

Shoulder Saddle

Pigis Chitlings. n' Brains "" Feet

Fry Head

Heart

Kidneys Liver

H

Pork Chop » Leg.

*

Loin

Fat or Lard

Sheep's Head & Fest......

Heart Kidneys.

Liver

Sucking Pigs, to order..

* 心肝甜

牛羊仔仔

་ཚོ་ལ་

30 20 22

lb. 230 13 14

"10

6

set $1.20$1.00$1.00

lb. 55 26.

Pigeons, Canton Hoihow

Turkeys, Epek Turkeys, Hon

55

28

55 24

55

40

27

Almonds Apples California)

lb

36

22 24

per set 5

12

Bananas (bride's).

10 4

1b. 24 15

Carambola

18 12

40, 15 18 24 20

Cocoanuta

each 14 10

Lemons, Chlam

b. 12

7

each 8 48

1. 80 25 30

30

14-10 12

4||12|1889|2|***|-

each 15 10 10

15. 10. 8

Ib. 32 30 24 42 25 23. *45:

43 28 27 28. 21

per set 85 60 70

Lemons (America) Lichees, Dried per ||Oranges (Canton)

Oranges

Pears (Canton) Peanuts

Persimmons, Largai

Plantain

Pamelo, Siam

each 15, 8

7

10

Waingia.

25

Grapes

22:

15 12 55 26 2525

32

55.

20 18:

19 24

Sust, Beef

Mution

26 24

36.20

19

Sausages.

20-

No.

32

Fish.

Barbel

Brenn Canton Fresh

Water Fish.

Car

Catfish

Codfish

Craba

Cuttle Fish

Dab

If we compare the conditions of grow up under the respective American and British banking, we principles of an earlier generation. 3 B... 21,8 FORMOSA Girau, Kagi, Karenko,are struck it once by the fact that Each country inaintively adheres

HEAD OFFICE:----Amsterdam.

Keelung, Makong, Nanto, Plan, the Liited States positively pro to its inheritance The British EASTERN, HEAD OFFICE:-Batavis. Shinchiku, Taichu, Tainan, Takow,

Yeal hibit anything but purely local nation has conclusively proved ita Taman Tohyan, Ako CHINA:— Shanghai, Hankow; Amor, banking: save only in the State of adherence to the faith of ita fore-

Foochow, Swatów. Canton,

California, practically no bank is fathers in more than one recent" OTHERS-Bangla Hongkong, Sings-

pore, Soerabaya," Samarang, allowed to have branches outside, its trial. The banker hus been brought Batavia. Bombay, London, New Town town. Thus the interests of my in the old tradition. He has York, Calcutta.

the bunks are parochial; each is had, in the light of the war, to re- hound up with the prosperity of vise many of his views; he has had Tarrow circle of customers engaged to embark on the wide ses of inter- in a few local trades. The manu-antional banking, from which bo facturers, who form in most cases once held timidly away. But the Centra in ke Karpsan-Galiment. But, the local opinion and are the most trying experiences of the peace Paingine nede, Jara and Do India, Austrails, important clients of the bank, are have, it would seem, only confirm Interset slowed un Current Accounts, and Fixed by tradition intensely protection-ed his old faith. He has endeavour Deposite at rates, which will be quoted on spoilesist the banker naturally follows ed to play his part in the recon

2. TAMAMOTO, the tide of public 'opinion, and is struction of the world, and he has

Manager.

protectionist also. His interest is everywhere had to lament the fruit the interest of his town. The free of the war feeling in obstacles to... trade policy is popular chiefly in the international trade, in the principle purely forming States, especially of self-determination" exhibited those of the South, who grow in ever-heightened barriers to free

LONDON BANKHES:- National Provincial Bank Ltd Correspondentu all over the world. BANKING BUSINESS OF EVERY DESCRIPTION:

M J. HERBSCALE",

Agent. Hongkong, November 41024

THE

YOKOHAMA SPECIE

BANK, LTD..

Established 1880.

The Bank hii Corresponduste in the Commerpiał

churia, Tringtan, Jajan, -taste-Chius, Nikon, india,

· Amarica, ktɗfon, ko,

Loa

11

Capital (full paid-up). Tem 100,000,000 Ten 83,500,000

Reserve Fund

Head DDcs:-YOKOHAMA"

Branches and Agencies at:

Nowchwang

New York.

Osaka

Peking,

Rangne.

HONGKONG BRANCH:

3, Das Vaux Road Central Hongkong, 6th June, 1924.

THE BANK OF CHINA.heat or cotton, and have nothing intercourse. He is happily not

行銀國中

(Specially Authorised by Predeal

Handate of the Bapa

For on the 22nd of Nurem

Authorised Capital

Paid-up Capital Basares: Find 2!

$00.000.000.00

HEAD OFFICE: FELINGL

HONGKONG" BRANGE:

China and Corresponds Amarica.

London

dial and. Union

to guia from protection, but feel the peculiar i belißf that the fut pinch of the great mcrease in the of humanity dependa"" on cost of living. But their banks are not of the first rank, and have little Inthisnice.

THE MERCANTILE BAN

help, not on butterera

and he is led by his tr

outlook to find the

progress not in hin sids to the bed riemonial comm

if he naturally tend

Dace

Por Flak..

Eele, Conger → Frosh

Frog

2016

18 16

· 16 · 270.

12

Artichokes Beauss, Sprout

Lone

Beet Root

Bitter Squash,

Brinjal, Green

9 Cabbage); Chinese

20 25

48 23 26

28.16 2 60 23 16, 38 10 gi

TO 8

34.16

Vegetables,

Cane Shoots, bunch Cauliflower (Larg

Carrots

(Small)

Celery, Chinese,

10 18 Chillies, Dried

4026 30

64 82 25

80 Curry

Red

40

18 15 Qucian

2422

180

18

23

Chger, Toung

22 18

Head

ench

228 16877-828

18-