1926-03-18 — Page 2

HONGKONG AND SHANGHAI THE BANK OF EAST

BANKING CORPORATION..

HEAD OFFICE: HONGKONG..

Authorised Capital

ASIA, LIMITED.

HEAD OFFICE HONGKONG

850,000,000) De Tom Road Central. Hongkong...

Issued and fully Paid up...$20,000,000

Reserva Funda

Sterling......590,000)

Silver...$97,000,000:

Reserve Liability of**

Propriator.De

$90,000,000

COURT OF DIRECTORS: D. M. Barnah. EngCarleman

Hon Mrs. A. O. Lang,

Deputy Chairmen

• Hi Boll', Huqi. J. A. Pinme AEL Comunn E. Ran

on.Mr.P.R. Holyoak H, White Fig W. L. Pattonden, E. M. Young, Haq..

CHIEF MANAGERIENN A. H. BARLOW, Esq.

Managar:: Shanghai—G. H.. STFTT, EGG.. LONDON BANKERS. Westminster Bank, Ltd.

1

FILED

„CURRENT ACCOUNTS: opened in CURRENCY and LOCAL DEPOSITS Teceived for: one, year of skorter periods Local Currency and Starling on terms which will be quoted: oneappliostem

Hongkong, 27th February, 1093..

HONGKONG. SAVINGS BANK

THE

NEE basinose of the above: Esak

donducted by the HONGKONG AND SHANGHAT BANKING COR PORATION. Rulan may be obtained on application.

INTEREST on deposits in calouisted! an the lowest balance during each com plated Calendar Month at 3 por osut. per annum. Should there be no balance: on any day in a month no utarost will be allowed for that month.

Depositors may translor at their option Balanoo,of $100 or more to the HONGKONG & SHANGHAI BANK borbe placed on FIXED DEPOSIT CURRENT RATES

For the Hoaxona ↳ SHANGILA I

BANKING, GORPORATION),

A. H. BARLOW,

"Chief Menager. Hongkong, 7th January 1925..

BANQUE DE L'INDO.CHINE..

HEAD OFFICET

Authorised Capital: $10,000,000 Palding Capital 5,000,000 Reserve Fund (1950). 1,200,000 DIRECTORS

A

Hon. Sir Shou-sod Chow-Chairman. Fang Ping Shan Mok Ching Kong L Koon Chun Wong Fun Tong," z P. K. Kwok Huyah Tal

THE CHINA MAIL.

COMMERCE AND FINANCE.

FREE TRADE

The Question of Population

J

at. National Liberal club He said that, while he had not

luncheon.

LANGKATE

The Year's Results:

MARINE RISKSË

Underwriting 1925

Reviewing mari underwriting conditions of 1925, Underwriter" says

of

THURSDAY,

SERIOUS POSTTION:

The Australian Shipbuilding,

Industry

àts of

[yout Indu

And yet our men ware That serious position exista in. | ask at as any other workers us the Australian shipbuilding in The applicants asked for the dustry was pointed out by ship duty of 25 per cent, British prefer- Mr. J. St. Loe Strachey gave an Report of the Directors for pre-

The year 1925 witnessed a builders at the Tariff Board last ential, 80 per cent intermediate, twenty-third at the uddress on "Some thoughts on presentation

continuation the gradual month when they asked for an in-and 85 per cent, general, now im sent discontents with Free Trade" annual meeting of shareholders to

be extended to voasele up to 1,000. tons gross register. be held at the offive of the General shrinkage in the writings of the creased duty on vessela up to 1,000 posed on vessels up to 500 tons, to Agante. No. 1, The Bund, Shang-American marino insurance market. MT. H. Silk, general manager tona gross register. had on Friday, March 19, at 11.80 The consolidation of agencies, the of Mort's Dock, said his firm could The general profit and loss reduction in overhead expenses and not at present, comercial could was not asking for help in that blems were complicated by the new account after providing for the the lessened activity of brokerage alips over a thousand tons, and he and, as he thought, right, humanita- dabit of Tls. 98,572.51 brought for firme bear mute testimony to pre-direction. He gave a list of ten Irianism. They were up against ward from last year, shows

the question of population..

surplus of Tla: 329,545.20 which your Directors propose to deal with as follows:-

ceased to be a Free Trader hom. Loan thought, that siner, the warp

Ng Ching Lok Kan Ting: Po Poug Wa Ting Chan Ching Shek Every description of Banking and Exchange business transacted. franted on approved securities.

SAFE DEPOSIT BOXES to let

KANTONG PO;

Chief Manage

Hongkong,, 8th February, 1991,

行銀商工法中

BANQUE FRANCO-CHINOISE pour le

Commerce. et Ladustrie (lacorporated in France).

F, Chster Road, Victoris, Hongkong. HEAD OFFICE: 74., Rue Bt.. Laxars, Paria

Capital..... ROTO

F11160,000

Fr. 20,000,000 --- Special Working Capital....Fre 50.000.000,-

Part

Maison Pokine

BRANCHES

Lyons!

Asilion Haiphong: Hanoli Shanghal Tientaln Bong kon

BANKERS:

FRANCE Societe Generale, Banque

Nationale de Credit, Banque de Paris et des Payu. Baa LONDON:- Midland Bank Ltd! NEW YORK Javing Bank Columbia

Trust Co..

Every description of Banking and Exchange Business Transacted. Curre spondents, throughout the world..

A. ROLLIN Manager. Hongkong, 1st December; 1925.

98; Boulevard Haussman, Paris.

Cubscribed: Capital ...Frs. 2,000,000.00 Fr. 68,400,000:00 Fr: 591667.299.54 THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Faid-Up Capital Before Fund.

Bangkok

BRANCHES! Fanni Hongkong Mond Noam

.Pondicherry

Shona bail

Battambang

Pantani

Bijhan

Thirt-Bayard!

Haiphong

Bankow

Pupnato

Piking Pom-Pon

WANE WIND

Pingapore! Tientsin Tastan Yannanfi

IN FRANTE: Comptols Nationelid Prcompla A ri; Credit Lyonnais; Banque dla Paria et das Park Has Credit. Indinstrialet Commercial

·Societe Generala..

IN LONDON: The Nation? Provincial & Union Bank of England. d: Colt National Facompte do-Parle Orolit Lyannulacij

IN NEW YORK': J. Moran Co French: American Panking Corporation Gnamnty Trust Co. of New York.

Internet allowed in. Ourrent Ananta: andi Fixed Deposita mccording to arrangement..

Rvery description of Banking and Exchange Baslows transseted

A LECOT,

Hongkong, 11th December, 1925.

J

Manager.

INCORPORATED BY ROYAL CHARTER, 1858,

HEAD OFFICE: LONDON,

Paid-up Capital ...... Roserve. Fund Reserve Liability of Pro-

prietors...

.£8,000;000: $4,000,000 £8,000,000

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:

A. H. FERGUSON,

Manager. Hongkong, 15th April, 1925.

The old view that If an industry could not exist without Protection it must be closed down had been altered by the fact that almost every nation closed its doors

against the emigrant. He thought with any system, which offered to

they were bound to be discontented

provide doles and maintenance and didinot try to find work..

a

To pay a dividend of Tls. 14 per share, Tls. Sa2600; To carry Tls. 17,046.26. Total forward, Tla. 329:545.26.

Of and sundry working, account including loss on timber work

ing account of Tis. 27,666.16-1 shows bas of Tis. 42,226,45 which, ja carried to general profit and loss account,

If the unemployed could not be sent to the Colonies, or America,

The loss in timber Was dua or elsewhere, where they could gat. work, he would so far fercgate chiefly to the recent strikes in from his Free Trade principles, ie Shanghai, which not only stopped suitable trade could be found as business for several months, but to apply a limited amount of pro-delayed the arrival of necessary

equipment for our Yardi.

Rubber.The crop for the twelve ended October 31, 1925, months amounted to 1,005,699 lbs., of which 897.160 lbs. were sold before that date and the balance, 108,539 lbs. taken into the accounts at prices subsequently realised.

tection for a short time, if we could thereby not only keep people alive, but also keep them at work. (Hear, hear.) We had too big population to find work for, and therefore the question was whether we must not modify our Free Trade views for a time.

The rubber working account for the year shows a profit of Tis. 514,162.20, which is carried to gen- eral profit and loss account.

The total expenditure on the estate during the year under re view, with the exception of ex-

SELFRIDGES.

Half a Million Proft.

Record business and profits, dur- sent conditions. While it le true vessels ordered In England during that some American companies are the last two years, all within the ing 1995 are announced by MOBSTE increasing their writings through capasity of his firm to build, but. Selfridge and & Co., Ltd

Affor the deduction of all they had been designed of such aggressive solicitation of now

tonnage as to avoid the duty now salaries and making ample pro- business, the greater number of imposed on vessels up to 500 tonsvision for depreciation, but exclud them experience a steady wearing away of premium völüme through the activity of foreign under writers.

"The tendency of rates is still downward despite the fact that

The cost of a thousand-ton 2504160me tax, the net proât la Of this sum £45,000 is reserved vessel in Australia, he added, would be about. 280,000. The cost for income tax, $20,000 for depre- of a similar ship in Great Britain clation of Axtures, £25,000 for writ would be 222,000, with a deliverying down investments, £50,000 for and cost of $4,000.

writing down leaseholds, Mr. A. C. Waters, manager of 250,000 atided to the reserve not one freighter was being builtIt is proposed to pay a dividend heavy losses in the constwie trade Walsh Island Dockyard, said that fuhu.. and serious fires on vessels from in Australia. He would not taka à en Ordinary shares of 15 yer cent., the Far East have brought home contract for the building of 20 free of income tax. After allowing to insurers, the, Inadequacy of vessels at oversea prices plus 50 for certain other reservations, the quotations in comparison with the per cent. Ha would want 50 per amount to be carried forward is

cent..

2137,905. risks involved."

!

Mr. Masterman said he did not think the doors of the world were shup to our emigrants any more than before, except through the transitory resuls, not completely concluded, of the great wár. Nov was there the slightest reason why. the British race, which did not dependiture one new clearings, has Bead Sirloin pend on agricultuce, but on export heen charged to rubber working trade, should not continue its ex-

Production for the year ending post trade to the whole world, if the world desired and could afford October 31, 1926, has been esti- mated at 1,000,000, Jbs. at a cost the commodities which we proof Guilders 0.3886-or approximate- duced.

ly 74d,per lb

P. CUSTOMS.

Some Interesting Figures...

account.

Directors. It is with regiet, that the death of Mr. John Prentice hus to be recorded. He had served on the Board since the formation of" the Company and had always taken the keenest interest in its affairs.

Mr W. R. McBain was invited to "The sum of P21,715, 692:58 "repre- sents insalar customs collections join the Board and his appoint- for 1925 as compared with P21,954,ment requires confirmation at the 442:10 from the same sources for forthcoming meeting.

Dr. van der Meulen retires by the year previous, an increase of F701,250:43, according to a com-rotation but, being eligible, offers

himself for re-election. parative statement on custome re- ceipts submitted to the secre- tary of finance of Insular Col- Fector of Customs V. Aldanese:******

JAPANS, FORESTS.

Big "Wood Output..

Of all the industries in Japan, industries number

With the exception of receipts From immigration tax, the tonnage dues and fines and forfeitures, col- lections from all sourees, including. Import duties, wharfnga tax. and wood-using documentary stamps. registered about 500 or 16 per cent. of the considerable "hereases. The item-total, with a capital invested of nearly 181 million yen or 9 per

THE BANK OF TAIWAN, LTD. | Ised collections are as follows:——

(Taiwan Ginko.):

Incorporated by Special Imperial Charter, 1899.

Capital Subscribed... Ten 45,000,000 "Capital (Paid-up) ....... Yen 89,875,000

HEAD OFFICE:-Talpeh, Formosa.

BRANCHES:

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

NETHERLANDS TRADING SOCIETY.)

ESTABLISHED/1824. Hongkong Brands Boranzisku· 1906,

Authorized Capitalu. 150,000,000: £12,500,00). Pald-Up Capital. 30,000,000 1.6,660,621. Emerve Fund G. 20,188,861 £1,711,40S Special Reserven... 29,650,000 1,888

HEAD OFFICE:-Amsterdam. EASTERN HEAD OFFICF-Batavia, BRANCHES:- Bandjarmasin Bandpunk Bombay Calcutta Cherlban Djember

The Hague Djokis karia Kota-Radia

FIL

Padang Penang Botterdam Singapore

Tegal

Medan Palembang Paeslongan

Bangoon Pontianak

Shangbal Bazzarrog Boerabais Boerakarta (Belu, Tintap Weltevreden

LONDON BANKERS:~~ National Provincial Bank, Ltd.. Correspondents all over the world BANKING BUSINESS OF EVERY DESCRIPTION.

J. C. MAASSEN,

Acting Agent. Hongkong, March 9, 1926.

THE

YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

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

Yen 86,500,000

Head Office:-YOKOHAMA. Branches and Agencies att

Bateria

Bombay.

Buenos Ayres,

Calcutta.

Canton.

Changshus.

Dairen (Dalny),

Newchwang

New York.

Onaka

Peking.

Rangoon.

Vengten (Mukden). San Francisco,

Hamburg.

Enkow

Harbin Honolulu,

Kai Yuan, Kanchi.

Kobe. London.

-Los_Angeles"

・Lyco

Rio de Janeiro. Safron

Seattle. Semarang. ShanghaL Shimonona. Bingspare. Boorabsyn. Bydney, Tlanten. Takyo.

Taingan Vladivostock.

Lubereck allowed on Cament Deposita recei

stas to be obtained on.

Hongkong 11th March, 1998

Osaka.

JAPAN:--Tokyo, YokohamB, Kobe, FORMOSA:- Giran, Kagi, Karenko, Tolchu, Tainan. Takao; Toyen, Haitoh, Taitoh.. CHINA: Shanghel, Hankow, Amoy,

Foochow Swatow

Cantoni OTHERS: Hongkong,

Bokoto, Naato;. Shin-i

LONDON BANKERS: London County Westminster and

Parr's Bank.

*

HONGKONG

MARKET

PRODUCE. U

APPROXIMATE RETAIL PRICES.

Large

Butcher Meat..

February 8, June, Junoj 192821918-1914.00

4BCE 82124

Prime Cat

3.

Corned!

H

32.28 *82: 23: 12:

· 121 12

Chicken

#

Roart

M.

8224.22.

Capons; Small Capons, Duck........

Breast

*

30: 20 18

Dovos

Soup

2B!

20

18

Brgs, Hen

(cooking)..

Steak

J

牛肉

32: 24 22

Eggo, Hen (fresh)

12

Steak Sirloin .... Sausages:

48.

8D:

85

Fowls, Canton

40

26 20

Fowls, Hainan

4

per set: 15.

10

12

M:

Tongue, fresh

t

sach B0

50 60

#

Teague, corned #4A

M. $1.00

60;

3

Head......

頭

$1.50%

-$2.20

Heart

1b..

P

24 1824

Hump, Salt...

20%

18

Bach 12

10 12:

Kidues

Tall

Liver...

"

Tripe

Calves! Head & Feat.

Bullock Brains:

ו'

Feet

Mutton Chop

Geesd

Pigeons, Canton

#

Hothow

10: 18:

25 20: 22.

Ib. 20: 18

Fot. $1.20 81.00 $1.00

Turkeys, Cock

Turkeys, Een Snipe.... Pheasant

Quail Partridges

14

12 6.

STINETA 19288 | § (2-938---å!

Almonds

Apples California)

Bananas (bride's)

Carambola Cocoaputa

Lemons, China

Poultry.

GREENNER SEGRARBE

身氟庭,在海航本海荆白泽火火沙山

Fruits.

EE

February 8, June, Juni,,

1928, 1918 191

Cta Ct Cla

Ib. 68 3081)

60 28 20

85 28 20

48 22 21

D

sach 80 23 21

Zer Oz, 80

18%

40:

77

1b..

72

36. 24

88 28.

52.

24

each 48

80+

18. $1.00

85 81

each 88

pair $1.80

36

# $1.50!

60

55

28

55

26

MI

Shoulder

Sadda

D

羊職肉

55

Pig's Chitlinga

40:

#

Brains:

Per set. 8

Fest

Ibi

20 15

"

#1

Fry

11

40 -15

Fend

20

24 20

椰

each 14.

**

Heart

each 15

10

*1b.

#.

Kidneyr

18: 10

Lemons (America)

金山輝 sach

Liver

Ib.

** 52:

80

24.

Lichecs, Dried

荔枝干

90

M:

排骨

42 25

Oranges (Canton).

新會甜樓

16

45.

A

48: 28

28 21

80:

sach 15 8..

Plantain

15/ 12:

か

55. 20

25

25:

Grapes

82

20

53 26 24

.86 .20

40

20

Log

Loin

ㄡˊ

Fat or Lard.net

FRAZI+EOKLEENÁRSKERBERS

牛羊仔仔

芋羊乳野牛牛

Import duties, F18.158.985.31. cent. of the total investment in 1926. P17,682,619.27, 1924; wharf-the kingdom, according to Forester age tax, P2.162,074.55, 1925, Calixto Mabesa of the bureau of Pork Chop

a helf P1,926,715,13.. 1924 immigration forestry Over four and tax, P231,196, 1925, P250,462, 1924; bilion board feet are consumed tonnage dues, F354,489.52, 1926, every year. P368,089:45, 1924%

The forest area of the Japanese Sheep's Head & Feet.. per set 30 documentary stamp

tax, P608.438.06; 1928. empire is nearly 45 million P541,090.72, 1924; fines and for-hectares or 65 per cent. of the The total stand feitures, P21,857.15, 1925, F48,140.-total land area.

P213,651.94, 1924,

Heart...aree 5.

"

Kidneys......

Liver De

70, 1924; and all other collections, is a little crar 1,200 billion board Sucking Pigs, to order..

P197,384.8%, feet or an average of 27 thou- Suat, Beef 1924.

'sand' board feet per hectare.

Muston

#

Sausages

No. 1.

Fish

28:

19

Barbel

The internal revenue collections Forest Jands cover 45180,691 yea made by the bureau of customs hectares distributed as follows: from all ports of entry in the Crown 1,374,236 hectares; State, alands during 1925. amounted to. 23,966,169 hectares; Public, 4,484,- hectares Shrines and Singapore, Po.237,321.36 as against P4072-645 Soerabaya, Semarang, Batavia,

and Bombay, London, New York 913:02, an increase of P1,164,408.33. Temples, 124,890 hectares With the report from the port of Private, 15,230,757 hectares. Calcutta.

collection Legaspi" "lacking, the

Speaking of the construction Bream from all ports of entry, including timber of Japan, Mabesa says Canton Frash Davao, for January, 1926, totalled that due to the increasing popu- Water Fish. P1,450,960.82 as compared with larity of European style houses, Carp P1 716,570.20 for 1925, showing a which are of concrete and brick, Catab decrease of P265,619.58,

wooden, structures are decreasing Godfish In the empire. In spite of this, he Crabs finds, the use of wood has increased | Cattle Fish with consequent increase in de Dab... mand, especially after the great Dace earthquake in 1923.

The Bank he Correspondente in the Commercia). Osation to the European Continent, Bain, an churia, Taingtao, Japan, Indo-Chinn, Slam,, India,. Pippine alandy Jare, Afrios, do

Intereas Allowed-on Carrant Avonminta; and Fixed Deposits at ratne walahi will be quoted' un applia

T. TAKAGI,

Manager. HONGKONG BRANGE: ........

8, Des Voeux Boad 'Central.

Hongkong, 1st November, 1925.

MORRIS MOTORS.

Conversion Into Limited Co.

The Daily Chronicle under-

stands that Morris Motors,, Ltd., manufacturers of the "popular

THE BANK OF CHINA.All-British " motor-ear, and:

Dog Fish Eels, Conger

SAIGON RICE..

Market's Upward Tendency.

Fresh Water Tellow

frogs Garoups

The Compagnie de Commerce & Gudgeon

hitherto a private undertaking, is.

行銀國中

(Specially Authorised by Presidential

Saigon reports under date March 9: Halibut

Ouz markat has an upward ten- Labrus

Mandate of the Eepublic of China

ERÁT OFFICE; PEKING,

HONGKONG BRANCH:"

to be converted into a public com-de Navigation D'Extrême Orient of Harrings pany, under the title of Morris Motors (1926), Ltd."

The market is quiet for brokens. Monk F The market of Java remains dull Mallet with a downward tendency: Busi Oysters neds with France is positively im Parrot Fish possible owing to continual fluctus- Perch/ tions of exchange.

Plica

on the 22nd of November, 1917). Shortly before Easter investors dency for rice owing to weakness Loch Authorised Capital... **** $60,000,000,00

will be offered £9,000,000 in of paddy supply and a strong de- Lobsters Paid-up Capital. $18,278,600.00 Reserve Fund

$9,629,425.24 devon per cent. preference mand from China.

Mackerel shares and $1,000,000 in Or dinary shares. It is believed that the price at which the latter will be available will be 22 per share.

Profits for the last financial year are stated to have been in the neighbourhood of £1,937,000, Thin, The total amount of rice export Plaice

ed from January 1 to February 23, Pomfret 1926, 1173,129.988 tons against Pomfret, 16710051942-1926, PrawILE An interesting feature of the We quote today white Saigon Bay issue in that no underwriting vill rieb No. 2 23 per cent broken round Rock be arranged, which means that the grain Hongkong $7 per picul of fonct present proprietors of the business 184 lbs Tob. Shigen, $18 38. per Sal are confident that the owner-driver, cwb. fo.b. Exigong Yen 9 per picul Shark of the Morris car will be pres

4, Queen's Road Centralit Branches and Sub-branched all over China and Correspondents in Burups, America, and other parts of the world works out at about £26 not per London Bankers: The National Provin

cial and Union Bank of England, Lar Car on an output exceeding 50,000 The Guaranty

sty Treat Company of New cars. Fork

National Bank.

New York Bankers The Irving The Equitable Trust Company of New

Interest allowed on Current and Fixed Deposita. Marias on

Loans granted an apps

Spaalal #wedtition for Home Michang

to exp his app

Libs) £6.b. Saigonvi Skate

ice No ongkong.

UREL

碧肚 水

24

Oranges ******

Pear (Canton)

Peanuta

Persimmons, Large

Pumelo, Slam

Walnuts.

...

Ib. 18

著撼

60

N.

26 20 - 18

23 18. 16:

10 10 8

20 16.

Artichokes

Beanes, Sprout.

D

Long

Best Root ..

Bittor Squash

Brinjals, Green

" U Red

Vegetables, &c.

Cabbage, Chinese; ....

...(Shanghai)

N-

Cane Shoots, bunch Cauliflower (Large).

71

Carrots

(Medium

(Small)

Celery, Chinese

Chillies, Dried

Red...

Curry Stuff; Englkh

20 16

20 12

26

20

25

"BO

28 20

23 16

20 10 9

Green

28 -10- 18

75 28

30

82

40

30

||24. 18 15

Cucumbers

32

18

Garlic

28

Ginger, Young

Old

Horseradish,

Indian Corn

Lettuce:

Water Chestnuta.

Mandiri

Mushrooms, Fresh Okroen

Onions,

WALAN LAG

紅花椒