1926-03-25 — Page 2

HONGKONG AND SHANGHAI THE BANK OF EAST

BANKING CORPORATION::

FEAD OFFICE: HONGKONG.

1

Authorised Cholta

$50000,000

Issued and Fully Paid upi.. $20,0001000|| Reservs Funda

Sterling.....500,000!

Bilyor ....$27,000,000:

Reserva Liability of

Proprietor

- יד

$20,000,000

COURT OF DIRECTORS: "" Da M. Baran) EqChiefro Hon. Mr. A... Lang,- Boyutz: Chairman: WH Bell, Hay

A. Ploer. Esq. Compuan, Bag. 15malli. Mare Tow Me Piff, Holyoak H. P. Whko,, Hagy W, L. Pritendon, Bro #G, M. Young,, Esq

CHIEP MANAGER:

A. H. BARLOW, End..

Manager:: Shanghai-G. H. SEITT; ESG:

LONDON BANKIES. Westminster Bank, Ltd. 9

CURRENT ACCOUNTS opened in

ASIA, LIMITED.

HEAD OFFICE: HONGKONG,

Toux Road Central Houcking,

时间

'Authorized Capital $10,000,000 Paid-up Capital

6,000,000 1,200,000

Reserve Fund (1920)

DIRECTORS

Hon. Bir Shon-on. Chow-Chairman,

Li Koon Chun-

P. K: Ewok!

Fung Ping Shan Mok Ching Kong:

Wong Yun Tong: Huyah Tal Ng Ching Lak. Kan Ying Po Poug Wa Ting Chan Ching Shak Every description of Banking and Exchange business transacted. Loans rranted on approved aacurities.

BATE DEPOSIT BOXES to lat.

KAN TONG PO,

ሰ

Chief: Manag»>

Hongkong, 8th February, 1923,

1

行鏌南工法

LOCAL CURRENCY and FIXED BANQUE (FRANCO CHINOISE

DEFOSTUS received for one year of skorter periods: in Local Currency and ⠀ - Sterling on terms; which, will be quoted: anapplication.

Hongkong, 27th Föbruary, 1926,

HONGKONG SAVINGS BANK THE basis of the above Bank f

pour le

Commerce et Lodustrie (Incorporated, in France).

5, Chater Road, Victoria, Hongkong..

FEAD OFFICE: 74). Rus St.. LazaTE, Parli

4

BRANCHES

THE CHINA MAIL.

COMMERCE AND FINANCE.

CHAMBER OF COMMERCEL

REVIEW OF ITS FINANCES FOR THE YEAR.

A Good Showing.../

The annual report of the General Chamber of Commerce states in regard to finance

WORLD'S COTTON.

Figures of Supply and

Distribution)

The following particulars of the world's supply, and distribution of cottons other than American are taken from an analysis of the cotton trade by Mr. Alston H. The full effect was felt in 1925 Garside, issued by the Merchants of a considerable accession of National Bank of Boston and members. In 1924.The tom published in the annual report of "Survey fees collected again the General Chamber of Com showed un Increase, being merce: $10,439.69, compared with

(In thousands). $14,247,99 In the previous year: 1 Supply 1920-1 1921-2 1922-3

4,826 4,744, 4928 11.283 11,667 12,327 Supply 1923-4 1924-5 1926-6 Production 8,740.9,804 Carry-overy.

a balance of $3,237.50 remains, Re Carry-over

Re-

After payment of fees to surveyors, Production

Aug, 1

Total

presenting Chamber's fees. organisation of secretárial arrange ments, foreshadowed! In the Chair. man's speech at the last. Annual Meeting, book effect at the end of August, 1925, and has produced, a saving under that head!

The 'Fortnightly Market Re port." has been enlarged and now costs mere to the Chamber, but an Increased charge to subscribers P 20,000,000 of a little over a dollar per annum oondustod by the HONGKONG Capital ....... AND SHANGHAI BANKING CORTOS

Fra 11.100.000ha dully covered the extra ex PORATION Rales may be cbtained Special Working Capital Fr 50.000 000-penditure. on application

1: Cost of telegrams was exception- ally large, amounting to $1.698.90. un expenditure incurred in July and August in an endeavour to bring heme to the authorities and the public in Great Britain the gravity of the situation created by the Carton

of Hongkong, boycott British shipping and British trade. There are indications at the begin

INTEREST on d'oposita la calculated on the lowest, balunos during each com; plated Calendar Month at 3 per sont.. par anuum. Should there be a balance: on any day in a month no intereat ̧ will be allowed for that month,

Depositors may transfer at their option. Balance of 8100 or mors: to the HONGKONG & SHANGHAI BANK. Boba placed on FIXED DEPOSIT Lt. CURRENT RATES

For the HoxaTONO: Š ŠANGIČAL BANKING, CONFORATIDEŻ, A. H. BARLOW,.

Chief Managar, Hongkông, 7th January, 1925.

BANQUE DE L'INDO CHINE.

FEAD OFFICE:

Parle

Balcon Paking Santon

Lyon Marse

Haiphong Hanoi

“Hisanghal Tientsin

Hongkong,

BANKERS:

Generale,

FRANCE Sociate

Banque Nationale de Credit, Banque. "da Paris et den Payu Bat, LONDON: Midland Bank Ltd?

"

NEW YORK :- Irving Bark Columbing of 1926 that the Home Press;

Trial: Co

་

otherwise preoccupied in the sum- mer is at last awakening to facts Every descripta of Banking and which were communiented to them Exchange Business Transacted: Corre-By this Chamber months, ugo, at a spondents throughout the world.

east of $1.50 word. "..

On the year's working a balance of $4,067.24 hus been carried to General Reserve Account, which li

A. ROBLIN, Mariager. Hongkong, lt. December; 1925).

0 96 Boulevard Haussman, Parin. A

Paid-up Capital Fra..68.400,000.00

6,457 6,913. 8,004

Aug. 113,577 8,224 3518

8,750

Total 12;317 13.028 Distribution. Consumption 6,539 7,334 Carry-over,

July 31 4,744 4,329 3,577 Total

11,233 11,667 12,827 Consumption 9,093 9,510 Carry-over,

July 31.

}

8,224 3,518.

Total *12,817 13,028

During the 1924-5 season, the world produced! the largest amount of cotton other than American that it has ever grown, and consumed practically all of it. As will be seen by the above table, world production was 9,804,000, equivalent 478-1b bales, against only 8,740,000 the previous year. Consumption, however;

,"WAS!

was also credited during the year 9610,000 against 9,008,000 the with $3,83181 representing the year before, and so the carry-over

*J

Subscribed Capital. Fr. 72,000,000.00 THE CHARTERED BANK OF funds of the Association of Ex-at the end of the season was in- porters and Dealers on its amalga-creased by only the small amount Emerra Fund ****778. 89.637,289.4 INDIA, AUSTRALIA & CHINA.mation with the Chamber. The of 294,000 bales from 3,224,000

General Reserve Account therefore, to 3,518,000. stood on December 31, 1925, at $47,430:68. compared with)

4:5 $39,541,63 at the end of 1924.

Cash and investments have in- creased to 9387,025.28, as against $33,693.80, in 1924. The proposal

Bangkok.

BRANCHES:

Funct

Antlemang Canton

Pondicherry Hongkong! Shigon Mongis

Fheartini

INCORPORATED BY ROYAL. CHARTER, 1858,

+)

D

NORIMA...

HEAD OFFICE: LONDON.

Hair Non Hankow

Pirate Peking

Prom-Pent

DANKERS

Hingynne Tien su Tonraba Yannis

IN FRANCR Comptoir Nations d'Easomple de aris Croft Lyonnnlag. Hunque de Parikat dem Payn-Bas: Grodit: fadastrielt Commercial Incinte Henerale,

IN LONDON The National Provincial: Union Bank of England, Ltd: Comptoir Nationalia Rennie de Paria; Oral; Lyonnais

IN NEW YORK J.P. Moran & Co French Amarlest Hanking Dorporation

Guaranty Trunk Co, of Nam York,

Interw? ahowadian Carrant Aamunté andi Fixed Deporita according te arringemení,

Every deaription of Banking and Exchange Book satel

A. LECOT;

Manager. Hongkong.. 17th December, 1925.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)

1

BATABLISHED. 1834

Homeries BRANCH KITAALDZKIn 1906,

Authorland Capital 3. 150,000,600 £12,500,69- Pald-Up Capital.... 80,090,000 £ 6,888,31 Reserve Fund.... 20,838,861 £ 1,711,498 pasial Ewerv... 62,880,000. Z 1,988,8

HEAD OFFICE:—Amstardaziz. EASTERN HEAD: OFFIC1:—Batavia,

Bandiermal Caloutts

BRANCHES:-

Rudowar

Borahey

Cheribon

Djumbor

The Enga

Kobe.

Monsan

Medan.

Palembang

Pemlorgani

Penang

Putinsk Rangoon

Djaldskarta

Kota Badja

Padang

Buttersto Basanavg Shinagkal

Nagapor Baarahain Boerakarta (Bol Tagal

Tjilajap

Waiterradan

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

J., C. MAASSEN,

Acting, Manager: Hongkong, 19th March, 1923.

THE

£8,000,000

Paid-up Capital Reserve Fund...... .£4,000,000;

Raserve Liability of Pro- »

prietors..........) M.) £8,000,000:

FOREIGN EXCHANGE and General Banking business transacted

CUR ONT ACCOUNTS opened and FIXEL DEPOSITS received for 1 year or shorter period at rates which will be

quoted on application.

A. E FERGUSON,

4 Manager. Hongkong, 15th April, 1925.

THE BANK OF TAIWAN,

(Taiwan Ginko.)

|

mentioned in the last annual re port to invest part of these in more permanent form has been postponed for the present.

With reference to the Auditors note, in the next balance sheet the accumulated deficit on the Chinese

Language School for the last few

SHIPPING AID

Blue Funnel Head's Objection..

THUR

Bke Bank Lina, and, you

there a more than

for the trade The Bank recently, baan enlarged by

teel of 21,800,000 under the Trav Facilities Act, so that the Coxurn- ment of this countrys patually nancing two competitors to the her four British lines who have also to face heavily subsidised American competition.

Mr. Peter S, Swan (70), of this policy is pursued fur-Broughty Ferry, Forfar-

shire, and

Inte

of The Manor House, Lowan: Slaughter, Gloues

Mr. Nicholas F. Fenwick,

Disapproval of the British pian for extending Government aid to promote shipbuilding a valged by Alfred Holt & Co the well-known firm of Liverpool ship owners, in letter to the Government guaran tee to the Silver Line under the provisions of the Trade Facilities Act. The letter reads in partsther, It can have no result other

This is not the first grant to the than the ruin of all thou steamship Calcutta, merchant Interesta In question, a sum of companies engaged in this or any Mr. William W. Whitmore

180000, having been guaranteed to other trade, and incidentally the the Silverceday Shipping Company, less of the money guaranteed by Lidl, previous to September 30, the Government. Whom shipping is 1924. The exact position of the depressed because there le more Silver: Line-as regards ownership is tonnage afloat than cargo to be unknown to us. It is closely con- carries, what sense is there in nected with the Roosevelt Steam, artificially stimulating the produc ship:"Company, Inc. of New York,tion of tonnageldes who are described in an advertise- "There is another vice inherent

Singapore, by the agents of the offers né advantage to those who Silver steamers in that port as our can borrow on just as good terms principals, and both in the East without a guarantee or who employ and in New York the Silver Line their own money. Indeed the ehipa are represented as being issues under the Trade Facilities American controll

Act have been an injury to all the other enterprises in the country.by raising the rate of interest on loans.,

of Eastbourne, Sussex.

mont issued on July 3, 1924, in in the Trade Facilities Act it ton. W banker

"The trade between the Far East and the Atlantic ports of America Is at present conducted by two or three Japanese lines, some Amer! "For our part we strongly de can lines mostly owned by theprecate any Government assistance Shipping Board, and five British to or interference with any, branch lines the Ellerman Line, the of trader Trade will be most. Prince Line, James Chambers & Co., prosperous when the Government

Beef Sirloin

1)

29,741

late of Gracechurch street, EC, shipowner 60,850 Mr. Alfred: E. Wallis (78)...

of York Houas, Kensing---

Mr. Robert.J. McKeown of Whitehead, Co. Antrim, formerly Parliamentary Secretary to the "Mini- stries of Education and Commerce, of Northern Ireland

·27:0

Mr. Henry M. Davies (78), of Frodsham, Cheshire, farmer 25,897

Mr. William N. Redman

(BR), of Blackheath, S.E! secretary to public companies

HONGKONG MARKET PRODUCE.

Prime: Cut

H2 Corred

Roast

け

"

Breart

" Soup

"

Steak

Steak Sirloin

1.

» Sansa roz

Bullock's Brains

71:

APPROXIMATE RETAIL PRICES

Butcher Meat.

Tongue, fresh Tongue, corned

Eend.

Heart Fump, Salt

Feet

March 18, Jane, June,

Fowl, Hainan

3920. 1918. 1914.

Clad Gle. Ctr.

牛尾慈

B7% મ 12:

Chicken

.87 29:

Capons, Small

37 28 12:

D

87 24

Duck

80

2018

30.

20-

37

24

.37%

80.

40:

26-20

per set. 15

10 12

each. 99

50

60%

$1.00$1.20

16 24 13 24.

20:

each 35

10.

15. 10 26

20 29

277 18 14

6 77

The cottons covered by this table include Indian, Egyptian: Chinese, Brazilian, Russian, Peruvain, Mexican, and the minor crops of the world. Most of these crops have increased substantially in the last few years. The was 1,480,000. Egyptian crop equivalent 478-0 bales in the (1924-5 season compared with

16,000 in 1920. Production of Calves Head & Feat: 4 sob #1.20 $1.00 11.00 Indian Cotton was 4,798,000 bales Mutton Chop in 1924-5, against 8,248.000 in # Leg

1920. The combined production

of all other cottons stated

M

Kidney. Tail Liver Tripe

Shoulder:

Saddle.......

Brains.

24

Feet...

1

Pry

#

Head

years amounting to 55,462:43, istog,576,000 bales, against 2,018,000 Pig's Chittings be written off Modified arranges ments, described on another page, in 1920. These figures include are expected to permit the con- only cotton grown for mill con- tinuance of the school in future at sumption, and are consequently LTD.little or no expense to the Cham. exclusive of large amounts of

her's, funda

cotton grown in India and China for making quilts and batting and for hand spinning in the homes of the people.

Incorporated by Special Imperial Charter. 1899.

Capital Subscribed Capital (Paid-up)

**

Annual Report. The figures in the Income and Expenditure "Account bear test)- mony to member' approval of the Yen 45,000,000 annuall, roport in its

HEAD OFFICE: Taipeh,

BRANCHES

JAPAN Tokyo, Yokohama,

Quaka..

Kobe,

new form.

to:

的

가

Heart.

Kidneys

Liver

Pork Chop

<£££*$*REEBOKSKYEZ

SVETIRER+BOBBLERS

#

#

49A89-85931am-ssant 8 | | | | 2 12 19° 38 | 512-9*89328 |

21.688

Poultry.

Marci

June,

Capons, barge..

IoTas

Egge, Ken (cooking)..

Bygg, Ken {fresh)

Fowla, Canton:

Geese

Pigeons, Canton

w Hothow Turkeys, Cook Turkeys, Hen

Snips. Pheasant

Qual Partridges

本播

Almonds:

Apples California).

Bananas (bride's)··

Carambola

Cocoanuts, Lemone, China.

Orengos

Fruits.

1b. 56 28

55 26

38. 24

*

40

Per set. 8

Ib. 20

15

40

1518.

H

20

cách . 15

10

12 10 8

Lemons (Amerien)

金山福線

16. 52 30.

Lichees, Dried

豬排

42

25

1

Leg

45

Lain

50 28

Fat. or Lard

21:

per aut 90 80

each 15

8

15 -12, 10

羊肝

.55 26

25

25

25 22

Pumelo, Siam Walnuta Giopar

牛油

32: 20

Mutton

羊油

55 26-

38 20

Santages

20-20

No..

Fish.

Heart. Kidneys.... Liver

tion of these cottons in recent The large increase in consump-

Yan 89,875,000 Three editions, numbering altoge great activity and expansion of Sheep's Head & Feet..

years has been due chiefly to the ther 850 copies, were printed at a Formosa.cost of $1.179.95, as compared with and Brazil. Manufacturers in the mills of India, China, Japan one edition of 360 copies of the those countries have been enabled former style of Report, costing by low maufacturing costs $1,383.05. After members had take much business in yarns and Suet, Beed....

Sucking Pigs, to order. FORMOSA: Giran, Kagi, Karenko, been supplied with the copy to cloth away from manufacturers

Ecelung, Bokoto, Nanto, Shin-which they are entitled and the in Great Britain and on the Convent chiku, Taichu, Tainan, Takao, usus complimentary copier had tirent. The spinners of India, Tamau, Toyen, Heitoh, Taitoh, CHINA: bazghai, Hankow Amoy sold, producing an income

been issued, some hundreds were Chine, and Brazil run mostly on Roochow, Swatow, Canton.

cottons produced in those coun- OTHERS: Hongkong, Singapore, $705.27 (as compared with $13 from tries, and the spinners of Japan. Soerabaya, Semarang Batavia, this source in the previous year) use much more Indian, and other Bombay, London, New York, so that the net cost to the Cham-cottons than American. It will Barbel Calcutta.

ber of an improved report," which he noted that consumption of Bream.

气

0

LONDON BANKERS: London County Westminster and

Parr's Bank

The Bank - Carrenpbastonte in the Commersial Cestres, in the Enropean Comuneet, Busin, Knu. charin, Talagteo, Tapna; Indo-Cules, Blam, India, Philippine Intraus, Java, Africa, RL.

ialaren allowed un Current Accounts, and Brad, Dopar an rates, which will be quoted on aprites

́T TAKAGI,"

Manager.

HONGKONG BRANCH

8. Das Vaux Road Central Hongkong, Lat. November, 1925,

YOKOHAMA SPECIE

BANK, LTD.,

THE BANK OF CHINA. 行跟國 中

Established 1880.

Capital (full paid-up) Yon 100,000,000(Specially Authorised by Presidential Reservo Fund

Yan £8,500,000:

Head Offlor:-YOKOHAMA,

Branches and Agencies at:

Walcutta.

Batavia,

Bombay,

Buenos Ayzen.

Canton.

Changchun.

Dairen (Dalny).

Newchwing.

New York.

Canka

Peking

Rangoon

Rio de Janeiro..

Vangtien (Mukden). San Francisco.

Hamburg.

Lankow.

Harbin

Honolulu.

Karachi

Loba,

London.

Los Angeles.

Nagasaki

Bairon

Beattle. Semarang. Shanghal

Singapore Boerabaja, Sydney, Tientsin. Tokyo. Tainanin. Tsingtank

Intanssi allowed on Current Assoc Deposita racalved for fixed

ts belobtainad on

ongkong 11th March 2996

.of

has been more widely circulated, was $473.98, as compared with $1,200 to $1,300 in previous years.

STEAMER FIRE.

under review...

other cottons than American in- Canton Fresh, creased from 6,539,000 bales in

Water Finh. 1920-21 to 9,510,000 in the season Carp ...

Catfish As will be seen by the table, the Codást.. carry-over of other cottons than Crabs American at the end of the Cattle Fish 1924-5 season was below the Da average of recent years. The Dace. The 8. "Sumatra Mary has total of 3,518,000 bales compares Fish arrived with her cargo of cotton with an average of about 4,140,-Eels, Conger. Portions of the cargo are slightly 000 in the previous five years:

(Reuters Service)}

Colombo, March 24.

damaged by fire and steam: The

cargo will be discharged at Küll

fandate of the Republls of Chium

on the 22nd of November, 1917); -- Authorised Capital ............. $80,000,000,00 ||Fald-up Capital jun. 128,278,500.00

Reserve Fund

9,629,105. the

HEAD OFFICE; FOKING.

HONGKONG BRANCH:

́4, Queen's Bond Central. ⠀

Branches and Sub-branches all over.

·China, and Correspondante "in "Europe, America, and other parts of the world.

JAPAN'S BUDGET.

(Reuter's Service.)

Tokyo, March 24 The Upper House has passed Budget, amounting 1,598,000,000 yen

LOAN BILLB

(Reuter's Service)

Tokyo, March 24.

to

OLD MEN.

Holding Back Trade.

Fresh Water Yellow

Frogs

Geroapa

Gudgeon Herri Halibut!

Lobsters

Monk"

"I am a great bellover in the young man of to-day, and. I feel

· Labrua. that English trade has gone back

Losch their positions too long. partly because old men have kept The above interesting statement was made by: Sir Woodman Bur- bidge, chairman of Harrods and Malles *** himself only 63-In opening the raters

BusinessBciency. Exhibition at Parrot the Central Hall, Westrainster.

Old-fashioned ways, and old. Pike fashioned men have ruined many a Plaice business, he added.

Pomf

London Bankers: The National Provin The Upper House, in full

with

tal of about £12,000,000;

cist and Union Bank of England, Ltd session this morning, passed the Astone interested in companies. The Guaranty Trust Company of New Nishihara Loan Bills, whereby the New York Bankans: The Brring Government shoulders fullre and

National Banker Responsibility from the Banks con he than The Equitable Trust Company of New corned

York.

CHAIRMAN'S DEATH

allowed on Current Accounta Rided Deposits. ¿ „Terms' an applies-

seription: of Banking Bank-

(Reuter's

saying,

their.

12, over 000 people the day when labour- ceware! adopted In had resulted in enza of business.

Perch

197

Oranges (Canton}·

Pears (Canton)

Paanata.

Porsimmons, Large,

Plantain

ZET

朝食甜程

Artichokes

Beats, Spr

Long

Baeb Roat

Bitter: Squash Brinjale, Green:

Red

Cabbage, Chinese W(Shan Cane Shoots, Cauliflower (

Carrots Celery, Chinese Chillies Dried

Curry Stuff,

Cucumbers

Garlic

Ginger, Young

38

28

18:

Horserad

Indian

20

Water

Mpalrooms,

Vegetables,