1926-04-12 — Page 2

HONGKONG AND SHANGHAI BANKING CORPORATION. HEAD OFFICE: HONGKONG.

Authorised Cabibal $50,000,000 Land and Fully Paid up...$20,000,000) Beserva Funda:-

Sterling...£1,500,000" Slivor...827,000,000:

Reserve. Liability of 20,000,000

Proprietors

COURT OF DIRECTORS:

D. M. Bernards Eną —Chairman Hon. Mr.. A. O.. Lang, — Duputy Chairman W. H. Belf Equ JA. Plammer, Begi

A.. F. Camping. "Magi

FB.Holyok Eng.

[T. 14. Emil, Res

H. P. White,. Kaq.

W. E. Patienten, mq.

G., M. Young, Esą,

CHIEF MANAGER:

A. H. BARLOW, Esq.

D

Managor: Shanghai-G. II. STITE; Esq.

LONDON BANKERS,

Westminster Bank, Ltd..

CURRENT ACCOUNTS, opened in LOCAL CURRENCY

THE BANK OF EAST "ASIA, LIMITED,

FRAD OFFICE HONGKONG.. 19, Don Vaxx Road Central, Hongkong.

Authorized Capital: .....$10,000,000 Paid-up Capital de 5,000,000

1,200,000:

Reserve Fund (1990).

DIRECTORS:

Hon. Sir Shou-son Chow-Chaman.. Fung Ping Shan Mok Ching Kong

Et Koon Chun Wong Yun Tong: 5 F.K.Kwok

Hayah Tai

Ne Ching Lak Kan Ying Po Pong Wa Thng Chan Ching Shel Every description of Banking and fxchange business transacted Loans granted an approved' securities.

BATE DEPOSIT BOXES to let

KAN TÖNG: PO,

Chief ManngIT.

Hongkong, 8th February, 1924,

行銀膺工法申

and FIXED BANQUE FRANCO-CHINOISE

THE CHINA MAIL.

COMMERCE AND FINANCE.

CHINA COTTON.

Shanghai Market Report..

The weekly report of the local cotton market issued by Messrs.

CEBU MINES

Big Loss Antlelpated...

1

All investments of the govern. ment in the National Coal Com pany mines in Cebu, which are J. Spunt, and Co., states: The estimated to amount to not less China Cotton market since the than P1,000,000 now, are bellaved 198ue of our last report has a total loss, absolutely beyond re

||covery, not evinced on the whole a steady up-

The mines are expected to re- ward tendency, in that prices main in their abandoned state advanced Tis. 9,50 to Tls. 0.75 per until the present term of the gov picul, although the business ernment. lease on them expires in

1937, because of inability and un-, actually consummated was not of willingness of the government to any very great dimensions warput in more capital for further ranting any such rise. However, development. The mines were the strength evinced was due shut down last year and abandon- mainly to the covering of shorted by the National Coal Company commitments in the local Ex-operation.

because of continued load) in their

change. Mid-Americans

andThe only hope of the govern- Indiana continued Auctuating in a ment to recover part of its invest steady direction during the weekments in the Cebu mines les in the letting of a sub-lease by the under review, but it hardly affect-National Coal Company to a third ed the local market either one way party. The government is not the or the other. "

owne of the mines. It simply The Mills, for the time being, holds a lease from the Compania are apparently fairly well sup Minora de Compostella, which ex- PORATION. Rales may be obtained Special Working Capital. Fra 50.000.000 plied, and as soon as further impires in 1937. That lease, having provement evolves in the Yarn only 10 years more to run, is not situation there is no doubt that considered tempting to private in more activity will be engendered

terests. in the consumption of the focal

Last year National Coal Cam- staple. in which event the indica- tions would incline more to the Pany officials became convinced policy of taking advantage of that the Cebu mines deposits are every break that may present it-considerably less than they were festimated to be at the time the

DEPOSITS received for one year or shorter periods in Local Curroney and Sterling on terms: which will be quoted on_application.

Hongkong, 8 April, 1826:

HONGKONG SAVINGS BANK,

14

#B business of the above Bank li

THE

pour le

Commerce et L'Industria (Incorporated in Franco)....

4, Chater Road, Victoria, Hongkong.

HEAD OFFICH:: 74, Ewa #tä. Lazaro,. Paris.

Fr20.000.000,-. Fry 11. 160.000

coaduated by the HONGKONG lopita.......

AND SHANGHAI BANKING GORRTHE

on: application.

INTEREST on deposits in ealcalated:

on the lowest balanos during each som "plated Calendar Month at 31 per cent, per annum. Should there be no balanco, on any day in a month no interest will be allowed for that month,

Depositor may transfer at their 7ption: Eslance of $100 or more, to the SONGKONG & SHANGHAI BANK to be placed on FIXED. DEPOSIT at. CURRENT RATES.

For the HongxONG. I DHANDRAS

BANKING: CORTORATION,..

"A. EL, BARLOW,

Chief Manager): Hongkong, 7th January 1925.

BANQUE DE L'INDO-CHINE.

بسيطة

HEAD OFFICE!

یم

#8; Boulevard Hanzıman, Paris,

P

"Tobseribad Capital .... Fra. 72,000,000.00

BRANCHES

Parini

Baixon

Haiphong Hanol

Peking draton

Shanghal

Lyons Marseilles

Baatein

Hongkong.

BANKERLI

FRANCE -- Boolete Generals, BanqUS:

Faris et den Pays Bas. LONDON: Milland Bank Lid

ין

"

ti

Nationale de Credit, Banque de self as a precautionary measure government acquired the lease. against any sharp upward move-It was reported to the government ment that may ensue.

originally that the coal deposits in Cebu amounted approximately to 4,000,000 tons, but the now is only 400,000 tons.

NEW YORK Irving Bank Columbi

Trust Co..

A. ROLLEN, Managers. Hongkong, la Docember;, 1015.

Yarn. Nothing bearish has come to Every description of Banking, and light since our last report was Exchange Business Transacted Corre-issued. Our marked during the spondents throughout the world.

interval continued steady to firm with a feeling of assurance that no weakness. is likely to developi in this direction for some time to In all some 15,000 to 16,000 bales of various counts and chops of local products have changed hands between dealers for export.

Paid-up Capital ... 1. 68,400,000.00 THE CHARTERED BANK OF Kouarve Fund woven Frz. 59,587,183.64 INDIA, AUSTRALIA & CHINA.

Bangkok

Battambang

Denton.

Dihnat

BRANCHES

Handli

Fonillaherry

Hongkong

Monatse

Somkhok

Noora

Kingapore Tientsin Tourtne

Fort Bayard.. Priports.

Falahong Peking Hankow

Pnom Penh

BANKERA

*UN PRÄNGE: Comptoir Nations) Boompie de arin Gredit. Lronne: Banque de Paris et dine. Pays-Bas, Grodin, Industrièliot. Commerofal Bociets Amara To

IN LONDON: The National Provincial & Union Bank of England Ltd. Comptoir National Escompte de Paris; Oregiit Lynnnala

IN NEW YORK: JP Morgan & Co. Trench American Banking Corporation Germany Trust Co. of New York.

Intermi. allowed on Orrent Accounts and "Fixed Deponit acording to arrangement

Every description of Banking and Exchange Basic tractusiaster.

A. LECOT;

Manager.

Hongkong, 11th December, 1995,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING: SOCIETI.);

Metaalıntı: 1996. Kamantben: BRANIH STARKNEES: 1906)

Authorland Capital G, 150,000,000+ £12; 500,085) Faid-Up Capital.... 50,000,000: 8.6 666,671 Baserri Frazdi..... 20,586,861 £ 1,711,400. Spedal Reserves... G. 12,600,000 £1,953,8

HEAD OFFICE—Amsterdam, WASTERN HEAD OFFICE:-Batavia. BRANCHES:-/

Bandarmin Bandeng Calcatta Djokiskerta

Lota-Radia

Padning

Palembang

И

Bombay Charibon Djember The Haqna Kaba Macar Medan

Pecalongan Rangoon Rotterdata Samarang. Shanghai: Singapore Boerabaii Sourakarta (Ealu) Tagal

lllaby Weltevreden

Panang

Patlansk

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

J. C. MAASSEN,..

Acting Manager. Hongkong, 19th March, 1928,.

THE

YOKOHAMA SPECIE BANK, LTD.

Established 1880.

Capital (full paid-up) Yen 100,000,000 Bencivo. Fund Yen 86,500,000

Head Offers-YOKOHAMA””” Branches and Agencies att Batavia...

Bomber.

Buenos Ayres.

Onloutta.

Carbon

Changchun.

- Newchwang. New York

Oraka.

Pelding,

Rangoon Rio de Janeiro. Batran (Daizy). Enigot Pongtian:({Mukien), Ban Francisco, Kamburg, Deut. Benitlán

Hamkow Harbin,

Hongkong 11th

Semareng. Shangha Bhimunosokt

༢:

D

INCORPORATED BY ROYAL CHARTER, 1858.

HIAD OFFICE:: LONDON,

Paid-up Capital

.£3,000,000

Reserve Fund...... .£4,000,000. Reserve Liability of Pro--

pristors

£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, 18th April, 1925.

come.

MAJOR BROS..

Small Profit for 1925.

TAXING FILMS.

estimate

"Gold Rush" Renting Fees.

Capt. J. G. Fairfax, M.P.. and air Frank Meyer, M.P., who have already raised in the House of Commens the question of a tax on foreign films shown in Britain, jare to carry the matter a“ stage farther when they will put further questions" to the Chancellor of the Exchequer and the President of the Board of Trade.

"I intend to ask the Chancellor The annual general meeting of Major Bros., Ltd, was held at the whether he will consider amending Shanghai offices, of Messrs. A. R. the Income Tax Act so as to pro- Burkill and Sons, when Mr.. C. R. vide more effectively against tax Burkill, chairman, supported by evasion by American Alm-produc- Messrs. G. H. Purcell and J. Ction houses through their system Shengle, directors, made the fol- of distributing companies in this lowing speech:

country," said Capt. Fairfax.:

RUBBER SHARES.

LATEST SMALL INVESTORS

QUOTATIONS.

CABLE PRICES,

The Hongkong Small Investor'e Share and Real Estate Co. re ceived cabled information on Satur day that there are sellers of the shares undermentioned at the prices indicated.

Tapabs.. Jerams ...... New Seudals .... Malaka Pinda's

$91.00

180

5.20

8.80

8.15

2:00

Malakoffs Trafalgars

A London Prophet.

A Home finanela writer delivers

himself of the following:

MONDAY APRIL 12, 1926.

Accordingly one Mineing-lane HONGKONG TIDE authority estimates the the 1920s tons and the consumption Just over been obtained by aid of the Tider production of rubber will be 628,000 The tide table given below has 800,000 tona Hence no shortage predicting Machine which

I expected. The narrow margin oludes do components for the better is likely to keep the average price, prediction of tides, from the re- of the year nearer 38, than 28 persult of the analysis of the tidal b.. but considerable fluctuation is observations, taken at the Kaulung expected. Rubber will recover to tidal observatory under the direc wards the summer, and holders of tion of Dr., Doberck during the shares should sit tight for the pre years 1887, 1888, and 1889... sent

Those who calculate probabio dividends on a basis of 2s. 6d rub bar during 1928. are not likely to go wide of the mark

JAPAN'S FOREIGN TRADE

Tokyo, April 1.

The times and heights are given for Kaulang; but they may be used for the Victoria Naval yard and Aberdeen, the differences being very small

The times of high-and low-water must not be considered to coincide with the times of slack-water" and change of current, the

two phenomena being quite distinct.

April 9 to 15, 1926.

DATE EIGH WATER LOWER WATER

Standard Standard April

Et

Ht Times:

Timo

9 in 718 48m 113 RE.

248.7 04684

'The Finance Department "re- In considering the outlook it has ports that Japan's foreign trade to te remembered that rubber has for the last ten days in March become an essential commodity amounted to 1.68,945,000 in ex- The development of motor transport porta and Y.96,820,000 in imit means an increasing demand for ports, the balance being Y.27,925, 10 m3 25 5.27 1 tyres. The question, However, ter 000 in favour of Imports. Can this demand be met by present The Tance Department an- Sua. 11 m. 8 3 5.5 m 138

nounces that Japan's foreign A shortage of rubber was caused trade during the month of March Mon. 18 m 8 18 68 ma 1 last year by the operation of the amounted to Y 187,380,000 in ex-To 13846 011 3 451 restriction scheme. Growers can ports and Y.284,420,000, Imports, now export their full standard pro the balance being Y.97,090,000 in Wed, 14 m. 10 16 0.3 duction, so that larger supples are favour of Imports."Eastern Thure 18 m 10 450.0

News Agency.”

production?

coming upon the market.

HONGKONG MARKET

Beef Birloine

Prime Gat

Corned

J

Roast

THE

Breast.

Y

Soup Steak:

Steak Sirloin

"Sattages Ballock's Brains!

8.8 144

198.7 2.36 2.3

| 8 1210.5 3 13 a

10 44 819 19

יד

136%

17 3.8

4.19 ..

PRODUCE.

APPROXIMATE RETAIL PRICES.

·Druck......

Capons, Large

"DOTOS

Eggs, Hen (oooking)

Poultry.

April 7,

7. Juno, June, 1926. IP18, 1014. Cts. Cle. Clai

30: 31

ib. 60

05 28 30

J

70 28 30

.00. 22: 21

Butcher Meat.

April 7, June, June,

1926. 1918. 1914..

Ctal Cla.. Cla..

17 24: 12!

Chicken:

87

12

28 12:

Capons, Small

97 28: 12:

187 24% 22

30

20

18.

.30 20 18

#

s

87 24 22

Eggs, Hen (fresh) ..

par oz.. 36 新鮮蛋 本地路 16. M.

188

40 25.

·20

80 36 24.

05

24

24

50, 24

24.

vach 50

80%

48 28

b. $1.101

Tongue, fresh.

Tangue, corned

H

Eload +

*

Heart

Hump, Salt

Feet"

17

1

"Kidneys

Tall 想

Lfver Tripe Calves Head & Feat.. Mutton Chop

*#

Leg

Shoulder

Badalo

17

From the accounts you will see One of the most glaring in- Pig's Chitlings that the year's result shows aatances of money going out of this Ismaili profit only: "in common with country without a penny returning

most other industries in Shang-is The Gold Rush!

hai, our working was very serious- ly affected by the troubles that

£200,000; On One Film.

THE BANK OF TAIWAN, LTD. occurred last summer and our "The film cost £200,000 to pro-

(Taiwan Ginko.):

Incorporated by Special Imperial Charter, 1899.

Capital Subscribed Capital (Fald-up)

..... Ten:45,000,000 Ten 59,875,000

HEAD OFFICE:-Taipeh, Formosa..

BRANCHES:

脚

* R****IBZEEEQERITEZBEEFERER+BQKECERSESBEBÉSER

咸燒中湯牛

#

*

per set. 15

37 30 86

40 28 20

10: 12:

50 60 60

ORCH 90

Fowls, Centon

Fowls, Hainan Geese. Pigeons, Canton

Halhow

Turkeya, Cock ng

Pheasant

Qualli...

Partridge

$1.00

-$1.20)

Ib..

24

13 R

Turkeys, Hon

OF

38 20" 18

Snipe

sach 15 IO: 12

'ps.

15 10 12.

*

25. 20% 22:

15.

227 .18 14

20

7

zot: $1.20 $1.00. $1:00-

lb. 65 24

25 26

52 24.7

50

29

40

Per set. 8:

Ib, 20- 15

40 15 18

24 20

Almonds Apples California) Bananas (bride's}

Fruits.

each 80 22: 21.

85 51

គឺមន្ត | Î ] នឡា២ ដឺ || :

* DER

lbi

1

Brains

20

H

Feat

***

+

TR

Fry

Carambole

jk

Head

Cocoonuta

ench 14

Heart

each 15 10 10:

Lemons, China

15

#

Elánoys

12 10.

8

Lemons (America).

•

each 7

#

Liver

52 80. 21

Licheas, Dried...

荔枝

か

$2

26

猪排骨

42

25

29

Oranges (Canton)

新會刮卷。

22

their

*

Leg..

45.

30

"

Lola

猪筏国

50

23 27

12

*-

#

Fat. Dr Lard!

H

28,

21

..

14

20

Sheep's Head & Fest..

per: set 20: 60 70:

"

Heart......

oach 12" 8.

7

#

Kidney pa Liver

15 12: 10

Бо 26: 25

#

lb. 25 25 22

H

#

50 26 24.

A

સમ 20 19-

Plant was in operation only 289duce in America, and it realised days, and we were forced to close that sum in this country in rent down at a time when prospectsing fees alone. The American Pork Chop were good and there was demand owners of the film drew for our products at remunerative 200,000 clear of all taxes except prices. Our sales in all branches import duty..

"In some cases even income tax fell off seriously, and there was very little demand for our pro-is not paid by the companies, for ducts for quite an appreciable subsidiary companies are formed time after the labour troubles over here for the purpose of dis Sucking Pigs, to order. JAPAN-Tokyo, Yokohama, Kobe, were settled and the Works were tributing the flims,

Corka. FORMOSA: GIran, Kagi, Karonko,ery and Buildings, as usual, have as Imited liability companies, but val

in full swing. Our Plant, Machin- "They are registered separately Keelung, Bekoto, Nanto, Shin- chic

been kept in good condition and pay little or no tax on the income. Taichu, Tainan, Takao, Tamsa, Toyen, Heitob, Taitoh, the, cost of repairs, etc., charged derived. from the foreign films. en-

» Sausages CHINA: Shanghai, Hankow, Amey, to working account, but in a few trusted to them, as each company

Foochow, Swatow, Canton. OTHERS: Hongkong,

years we will have to seriously is charged with a 'part cost Singapore, Serabaya, Semarang, Batavia, consider the question of the re- the manufacture of the film, which Bombay, London, New York, newal of a considerable portion of always sufficient to leave Barbal Calcutta.

our Plant as it is gradually becom-négligible balance of pront for resm ing too costly to run owing to the taxing.,

Canton Fresh

LONDON BANKERS: London County Westminster and

Parz's: Hank.

The Bank Correspondents in the Commerelat Centres in the European Continent, Heurin, Man oburis, Tsingtao, Japan, Indo-China, Blam, India,

Java,

on,

Interest allowed on Carmen Accounts, and Fixed Deposits at rate which willis quoted on applies

T. TAKAGI, HONGKONG' BRANCH:

3, Des Vuur, Road Central. Hongkong, 1st November, 1925.

Manager.

THE BANK OF CHINA, 行銀國中

ון

(Specially Authorised by Presidential

Mandate of the Republic of China

of

D

Sust, Beaf'....

Mutton

amount of money necessary to "It is my honest opinion that Water Fish. keep it in a good state of repair: if a tax were levied on gross profits Carp

At the present moment we have earned in hiring fees by foreign Catfish

a fair demand for our products filme in England the Exchequer Codfish and there is no doubt that the would benefit by nearly a million Craba demand for the acids we manu pounds annually: Such new taxa- Cattle Fish facture is growing, but our busi-tion would give a fillip to the Dab ness is so intimately bound up British film industry because films Daca with various industries in Shang-made over here would be exempt. Dog Fish hai and district that any set back

Eels, Conger' they suffer, immediately affects ua; I can only hope that we will have a peaceful year free from labour troubles. The accounte are presented in the usual way] and call for no comment, but

FORCED SELLING.

The Future for Rubber.

!

牛羊仔

^-82 20 18.

Oranges r

Pears (Canton) Peanuta

Persimmons, Large

Plantain Punelo;: Slam

Walnuts

Сехарев

40 20 20

89

No. 1...

Fish

220

19 24

Fresh Water

ひ

Yellow

Frogs

Garoups

There is no gainsaying that the Gudgeon

before putting the usual resolu- very serious slump in rubber from Herrings

tions to the meeting, I shall be

the present price of 2. 11⁄2d per Labra 4s. 6d. per lb. In December Inst to ] Halibut

on the 22nd of November, 1917) pleased to answer any question de causing a good deal of un- Loach... Authorland Capital ... $60,000,000.00 that may be asked.

shares, says a finanical writer. Caslhese among holders of rubber Lobsters Mackerel

Paid-up Capital 318578,800.00 The following resolutions were Reserve Fund merchanar **

*0,000 425.24

passed: That the report and

It is argued that the set back Monk Flah accounts for the year ended alters the whole dividend outlook Mulle.. HEAD OFFICE: PERING,

December 81 last, together with for rubber companies. This To Oystera

HONGKONG BRANCH:.

4, Queen's Road Central,

the recommendation as to appro quires qualification. Many rabber Parrot Fish priation of balance at credit of companies have sold forward, for Perch Branches and Sub-braccion all over profit and loss account as prosent 1926 delivery at fixed prices a large pika China sed Correspondenta in Europe, ed be accepted. Proposed by Mr part of their productions Place Americs, and other parts of the work J. C. Shengle, seconded by Mr. London Bankers The National ProvtJH. Purcell.

York New York Bankatit ses

-National Bank Panenka

The Equitabés Trush Company of New Mr. M. Mellor

York

Because the price is now low it Pomfret, are selling the commodity at pre- Praw does not follow that rubber growers pod sent reduced prices. The slump is due mainly to the absence of de ock

elal and Union Bank of England, Tad That the appointment of Mr. The Guaranty Trust Company of NC. B. Burkill as a director of the Irving company be confirmed. Proposed

by Mr. J. C. Shengle, seconded by mand, and the forced selling of stocks of speculators unable to That Mr. J. O. Shengle be re-finance their commitmenta elected a director of the company. The rubber companies do not sell Proposed by Mr. GH Purcell, to any extent in markets, such as seconded by Mr. J. B. de Senna these. They can afford to hold off That Messrs. Thomson & Co., until the pressing requirements of be re-elected auditors of the com- the manufacturers have to be met, pany.

and then, unless stocks are greatly The number of shares repre- Increased, we may see prices rise sented at the meeting was 2.882..agains

and

MSAFIRKE, VEEKKEQU

尾肚 水

28 18 16.

23 18 27

29

12

42 20

26

40 28.

26.

18 16.

-.08

28 16

20 10.

12 10

20 16

∙10. 18

BT 28

76 82.

Artichokes

花紅大

each 17

lb.

}}

16

8

12

Vegetables, &c.

each 10:

16.

@

+4

14

8

each Sa

8

8. 24

JJ

8

5

10

" .

6

5

12

12

B

each 24

~{Medium

#J

20

(Small)

18

E

15.

0

8 10

環榮、

"

25 25

80, 10 16

EP

10 10

10

+2

lb.

20 20 10

Beatas, Sprout..

n Long Beet Root

Bitter Squash Brinjals, Green

Bed......

Cabbage, Chinese

(Shanghai)

Cane Bhoots, bunch

Cauliflower (Large)

Carrotse Colery, ChinesG

Chillies, Dried.

Red Green

Carry Stuff, English Cucumbers

Gaylio Ginger, Young:

Horse

ས་ཡ་མ་བབ༢༤ཆ །བྷབྷཧྨ་ ྣ ླ་རྨཱ་ནཱ ས༩ ིཥ

Onions,

竹來角頭瓜瓜瓜菜菜女花花花笋茶千枚枚料瓜競業筹

20 8

8 8

3