1926-06-26 — Page 2

China Mail 德臣西報 中國郵報 All

HONGKONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

Jakund and Patty Pallap

Beserve Ful

Sterling strand KIZYNT

-$47,XI,ODO

THE BANK OF EAST ASIA, ETD:

HEAD OFFICE: HONGKONG.

10, Des Vœux Road Central, Hongkong.. Authorised Capital

$10,000,000: 5,000,000

1,200,000

BRANCHES AND AGENCIES:- Melbourne. San Francisco' Nagasaki Beatl

$13,000,000

$209,490 €3,000).

Pald-Up Capital

Roserve. Fund

Bataria

Bombay

Caloutta

Now York Sarang

Canton

Oxaka

Stanghal

Halphong

Paris

Honolulu

Peking

Бодирого Bournsyn

Kobe

Penang

Kowloon

Kangoun

London

Balgon

Taipeh Tiontain Tokyo

Demetra (Blichfity of ProprietoP® ...,» «#ZJANSENKI

Para alg

HEAD OFFICE, DONGKONG,

COURT OF DINROTON-

Hon. Mr. P. 41, M. Borsaed, Clinirma

Hon. M1, A. (3. IWATER, Duty Chairmann.

ve, 11, Ball, Esq.

A. Campton E.

W. L. Pattonaden, Kan.

AMOY

HANDKOR

BATAVIA

ROMWAY

CALCUTTA

CANTON

CUKROй COLOMBO TAINEN FOOCHOW -HAIPHONG

HAMBURG YANKOW MARKIN

UONGI KW

150160

IPOH

JOHTORY"

KORN

KUALA

LUMPUR

J., Plummer, Iluq.

T. 01. Weall, K«q:

H. P. White, El'

. M. Vog, Ext

Chief Manager,

A. 11. Harlow, Kaq..

• BRANCEM-

LONDON

LYONS

MALACCA

MANILA MAGASAKI NEW YORK

TKRING

PENAKO RANGUON

HAIGON

HAN FRANCISCO

SHANGHAI SINGAPORE

SOURABAYA

KUNORI PATANI TIRNTOIN

TOKYO

"TAISUTAR"

YOKOHAMA

Currant Accounts paard Ja Iment Currency and Pixel Deposite roerized for one year, up Kiezlar periods in Local Currency and letting an term which will Tussured on application

Hongkong, 97th 31my, 1920

HONGKONG SAVINGS BANK,

The Tuning of the above Temple is com duered by Min RONGKONG AND BUANGHAI BANKING CORPORATION. Bul many he obtained an sppllentios,

ROW THE HONGKONG & BHANGHAI BANKING CORPORATION.

A. H. Barlow,

Chief Mngur.

Hongkong, 27th May, 19ɔd,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:"

00, Boulevard Hausman, Paris:

Manila

Loans

Correspondents in all principal, cities of the world

Every description of Banking and Exchange business transacted. granted on approved securities.

SAFE DEPOZIT BOXES to let

KAN TONG PO,

Chief Manager. Hongkong, 22nd May, 1920,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

INCORPORATED BY ROYAL CHART, 1858.

HEAD OFFICE: LONDỒN,

$4,000,000.

Paid-up Capital women:49,000,000 Reserve Fund Reserye Liability of Pro-

priators.

$8,000,000 FOREIGN EXCHANGE and General Banking business transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSITS raestved for 1 your or shorter period at rates which will be quoted on application.

A. H. FERGUSON,

Manager.

Hongkong, 19th April, 1923.

行銀商工法中

BANQUE FRANCO CHINOISE pour le

Commerce at L'Industrie (Incorporated in Franco).

5, Chater Road, Victoria, Hongkong.

HEAD OFFICE: 74, Exo. B. Lazaro, Parla

iJ

Subscribed Capital Frs. 72,000,000.00 Capital'da

a. Pra 20,000,000,~~- Paid-Up Capital Fr. 08,400,000.00 Reserre

Fr 11.160.000,-- Fr. 69,667,288.54 Special Working Capital ... Fra 50.000.000,-- BRANCHEB:

Hanoi. Battambang Rangkong

Reserve Fund

Bangkok

Onion

Dijhanti

Haiphong

Hanko

Fort-Bayard

Pondicherry

ligon

Mengiz

Shanghat

Singapor

Papeete

Tientan

Peking

Tnetane

Pnom-Penh

*ANKERA.

Yunnan

IN FRANCE Comptoir National d'Escompte. daring Credit Leonel Banque de Pezia et der Pays-Bas; Credit Industrialet Commercial Eociete Generaler

"IN LONDON: The National Provincial & Onion Bank of England. Edi; Cocaptoir National d'Eacompte de Paris; Credit Lyonnais IN NEW YORK: J.P. Morgan & Cog French American Baking Corporation; Guaranty Trant Co. of New York.

Interert allowed on Current Accounts and Fixed Deposita sorarding to arrangement.

Every description of Banking and Exchange Burlama transced

A LECOT,

Manager. Hongkong, 11th Decembar, 1923.

י.

NEDERLANDSCHE HANDEI MAATSCHAPPIJ.

ÍNETHERLANDS TRADING SOCIETY.)

Paris Saigon

Peking Canlop

BRANCHES

Lyons Marseilles Haiphong Hano! Shanghaf Tionin Hongkong.

BANKEES:

FRANCE: Societe Generale Banque

Nationale de Credit, Banque `da Paris et des Payu Das. LONDON - Midland Bank Led, NEW YORK-Irving Bank Kelamber

Trust Co.

Every dascript 3 of Banking and. Exenange Business Transacted. Corre spondents throughout the world.

?

A. ROLLIN, Manager. Hongkong, Int. December, 1825.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO).

Incorporated by Special Imperial...

~Charter, 1899. ...

Capital Subscribed ............. Ten £5,000,000

Capital (Paid-up) · Yan 39,375,000

HEAD OFFICE:-Talpah, Formosa..

BAZARLIN 1954, Hongkong Branch BatasZZDWWD 1906

authorlund Capitai 17, 180,000,000 £12,500,00 Prid-Ep Capital...G. 90,000,000 2.5,855,071 Reserve Fund, 30,585,561 £1,711,400. Special Reserves...G. 23,660,000 A 1,938,2 | JAPAN÷—Tokyo, Yokohama, Kobe,

HEAD OFFICE:-Amsterdam HAETERN HEAD OFFICE:--Batavia.

BRANCHES

Bendjarmasin Bandung Bombay Calentta

Diezaber

FIL

Djakarta Kota Badja Padang

Bettariaza Ringspers

41

2

Oberibon The Hague Kob Macar Palembang Pecalcagao Pontianak Rangoon Battarang Shanghal -Boorabi Soerakarta (Bol- Tilatja

Weltevreden

LONDON BANKERS:

National Provincial Bank, Ltd. Correspondents all over the world. BANKING PUSINESS OF EVERY DESCRIPTION.

J. C. MAASSEN,

Acting Manager.. Hongkong, 18th March, 1928.

THE

YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

Capital (full paid-up) Yen 100,000,000 Reserve Fund..... Yen 80,500,000

Head Office:-YOKOHAMA.

Branches and Agencies at:

Estavi

Bombay.

Avance Axes,

Jalcutta.

Manton

Changchun. Caires (Dalny), Vengtian (Makden),

Kamburg.

Jankow.

Barbie

Honokal.

Karachi

Cobe

Condam

Los Angeles. brazus.

Чегода.

Nowchwang.

New York. Osaka.

Peking. Rangoon Rio de Janeiro. Saigon, San Francisco. Boattle. Semarang. Shanghai Chimonoxi. Singapore Scarabaya. avdacy. Tientsin. Tokyo, Tsinanfu. Tsingtan, Vladivostock

Interses allowed on Current Account.

BRANCHES:

Osaka FORMOSA:Giran, Kagi, Karenko, Keelung, Makong, Nanto, Shin- chika, Taichu, Tainan, Takao, Tamaal, Toon, Heito, Taito,

CHENchew, S., Canton.

OTHERS:

Hankow, Amoy Hongkong, Singapore, Sperabaya, Semarang, Batavia, Bombay, London, New York, Calcutta.

LONDON BANKERS: Londun County Westminster and

Farr's Bank.

..

The Bank hos Correspondents in the Commercial aharin, Tingtao, Japan, Indo-China, &tam, I did, Centres to the Europena Continent, Barn Man Philippine islandi, Java, Africa,do.

interest allowed on Current Accounta, and. Fixed

· Deponita AL FALAN whiŊdt, will be quoted on applica

Li

* TAKAGI,

Manager.

-HONGKONG BRANCH:q

8. Des Vour Road Central.

Hongkong, 7th May, 1928.

THE BANK OF CHINA, 行銀國中

(Specially Authorised by Presidential Mandate of the Republic of China:

THE CHINA MAIL.

COMMERCE AND FINANCE

SHANGHAI COTTON MFG:

F-COL·LD..

JESSELTON ICE AND POWER.

SATURDAY, JUNE

charged for electric energy, but I

regret to say that aven this has not enabled us to show a profit. ***

1926,

HONGKONG TIDE The annual generel meating of

The tide table given belo the Jesselton Ice and Power Com. Your directors have been serious. heen obtained by aid of the peny, was held at Chan Sse Onny cocaidering the position of the predicting. Machine, which and Co.'s offices, Market Street, on company for some time past and I aludes 10 components for the bet

am sorry to say that they are unable prediction of tides, from the re- June 16. *****

There were present, Mr J, A. to see any immediate prospects of sult of the analysis of the tida) Elias (chairman), Messrs. 3 W. the company being able to pay its observations, taken at the Kanlung tidal observatory under the direc Cashin and J. Hammond (direc-way

Mr. Wakeford will shortly be tion of Dr. Doberok during the tors), LT. Wakeford, F. R. Horon and Tan Luong Kia (Chan visiting Jesselton and he has been yearn: 1887, 1888, And 1889.

instructed, to make a full report to the board as to the prospects of increasing the company's business,

On receipt of this, report the the position and to circulariae board proposes to go carefully into

dations for the future.

crippled by a zeal for the acquir. ing of land areas. hence atveres results for recent years, whian could have been encouraging years. Had the company enjoyed the facility of the accumulated re serves, Interest would hot have accumulated and there would have been a margin for depreciation and A possible quota of prefit. In the Szo-onn); « schedule of assets there le an item. Proposing the adoption of the re- of a certain area of land and anport and accounts the chairman

is elden explanation as to how same utilised To this exception is takon and a query is put: Is the statemont made confirmable by port and accounts as submitted shareholders us to their recommen" with the times of slack-water and

propose to take as read the re Gentlemen, with your permission

In the absence of Mr. M. Nodaira (the Chairman), Mr. K. Otani pre- alded at the seventh ordinary gen oral meeting of the Shanghai Cot ton Manufacturing Co., L., held at the head office, 40 Szechuan Road, recently, Thera- wore also present Mesars W. J. N. Dyer, K. Gonno, Woo Ling-shu, K. Karada and Y. Maeda (directors) and other shareholders, a total holding of 68,982 shares being represented:

The Chairman said: As it is now past 4 o'clock, I will fact? What about the undeveloped What is the proportion? land? with your permission, commence the business of the day. I will askFurther, is it not owing to having the secrotary to read the notice call. bought this that the company. In additions have been made to the Mr. Cashin, the retiring director, F

now in the embarrassing position as is evidenced in the balance sheet and is lacking in Ita reserves? Until these have been replaced, to think af dividends, or depreciation, or even long life for this company

ing this meeting and also the report of the auditors.

This having been read by the secretary, the Chairman continued: Now, gentlemen, the report and accounts having been in your hands for some time, I will, with your permission, take them as read. Following the last disastrous period, unprecedented in local his tory, the term under review has been comparatively quieter and more normal and the result; there fore, has slightly improved, though not so good as one could have wish ed for. The operation at your mills was generally very smooth, except for a few days' stoppage and the deplorable tragedy which occurred in No. 3 weaving mill, as mentioned in the report.

Having spent and charged on working account the aum of over Tia. 66,000 on plant and machinery, atc.. as renewal and repair, their conditions are in excellent order.

As to writing down your assets, I have to again ropent our regret, expressed' at pre- vious meetings, but it is hoped that we may be able to provide a fund for depreciation at the next meet Ing.

Continual dislocation of com- munication in the interior by war and bandits is a great menace to the trade and all have to suffer equally. While shortage of cargo is reported in upcountries, yet there are no means to relieve huge stocks held by manufacturers."

Is futile.

The Chairman replied that the loans were largely due to the bad times they had experienced. They were ruled by circumstances and sometiraes were high and some times low. They now were unter in a profit-making period and he thought in the near future they would not require any loans. They had only about 50 mow of un- developed land and they were re- taining the necessary area for staff and mill hands' quarters. The rest was for the future development of the mill.

The time and heights are given for Kaulung; but they may be used for the Victori. Naval yard and Aberdeen, the differences beina

must not be considered to cofanida! very small,

The times of high-and low-water

change of current, thetwa -The proposal was adopted with phenomena being quite distinct. out further discussion.

June 25 to July 1, 1926.

DATE HIGH WATER LOWER WATER

Brandard Juds

Times

The report shows that results are far from satisfactory. The capital. remains at the same figure. Small

buildings and electric plant which was re-elected, and Evatt and Co. must always be necessary in this were reappointed auditors. class of business.

The directors' remuneration was Axed at $1,800.

Depreciation has been allowed for as in the past and the total amounts to over $25,000.

Increase of Electricity Rate..

Ht

Standard

Time

Fri. 35m 87.4m B 2.5

B. m. 4.S Bat. 16 m 497.8 10 46 4.1

30.

8 13 a

10%

Cash and investments have in 19 creased and to-day stand at $40,000. Large shipments of peanuts from

China are arriving at Portland, 800. #7 m 8.34 5,0 m2 3. 3. 2 Expenditure and revenue remain Ore. The port records show that Mon. 18m 0 11 7.8 m 348 18 11 cim 4.1 Ba. 10. S about the same as in previous years 190 tons were received in March, I and the improved position of trade and 244 tone in April, while 626 Tam 040 4.0 now does not appear from our retous of shelled peanute, 100 tone suits to have had any effect in of peanut cake and B tons of Wed 31:48 40 m. 6. 31 31 Last July Government peanut oil arrived there in May on Thumm 44 m 6134 Borneo. allowed us to increase the rate one steamer.

1848 50 1.0.

Mr. Robertson said that if the company could go further without It had loans he failed to see it. been felt acutely already and would be felt more in the time to come. They had more undeveloped land than they wanted and they should Best Strio not cripple the company by buying land which they were going to hold for posterity, which was what they

For three years they had done, had not a dividend and he thought it would be 30 before they did have any. As to the matter of meetings they would find that they would have to have half-yearly meetings. They could not go on playing fast and loose in this manner.

The Resulutions.

were

The Chairman then put the fol- lowing resolutions, which carried, Mr. Robertson being the only dissentient and insisting that his vote and those of his proxies should be recorded:-

As the outcome of amendments made to the Articles of Association last August, there will be no or dinary meeting during next August, and, consequently, the election of directors-and auditors, whose terms expire next August, will take place at the next meeting to be held inf "That the report, balance sheet, December next in accordance with general invatory of set Clause No. 28 of the Articles of profit and loss decount for the financial term ended April 30, 1926, Association.

be adopted and passed.-Proposed by the Chairman and seconded by Mr. W. J, N. Dyer

directors "That the

Técom- mendation in dealing with the balance at the debit of profit and loss account be sanctioned and passed."-Proposed by the Chair- man and seconded by Mr. Woo Ling-shu.

Gentlemen, this is all I have to say. If you have any questions to ask shall be pleased to answer them to the best of my ability.

Buying for Posterity..

Mr. Horatio Robertson-To me it

that, if there is

appeara

to

be any criticism, for the purpose of the report and the balance sheet now before the meeting should be

j

1-

4 31 1.0

HONGKONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

June 18, June, June,

1926. 1918 1914.

Cts. Ota Ct.

Jb.

Prime Cot Corned.

-80 24 12 23 12

Chicken Capons, Small

Сароша, Багро

86 28 13

Duck

20

24. 22:

Breast Boug

» Steak

Steak Sirloin 77. Sausages Bullock's Brains-

#

Tongue, fresh. Tengue, corned Head

Heart Hump, Salt Feet Kidneys Tail Liver Tripe...

Calver Head & Feet Mutton Chop

Log

Shoulder Saddle

Pig's Chilling's

Brains

Feet

#

Fry

Head

Heart

T

Kidneys

H

Liver

20

Leg

Loin: Fat or Lard

Sheep's Head & Fort.

Heart....

H

Kidneya

Liver:

"

80 20 19

Dores

Eggs, Hen (cooking)

Fowl, Canton

30 20. 18

牛肉

и

80 24 23

Eggs, Hen (frash)

#

45 80 85

40 28.

M

20

牛羊羊猪 猪猪甜甜猪猪羊羊羊羊群鮮牛牛

per set 15

each 85 60 30

60.... $1.00$1.20

Ib. 24 18** 14°

38 20 18

each 15 10 12

15. 10.

12

$0 20

-24

18

51:20 31.00 $1,00

Fowls, Haman Geese. Pigeons, Canton

Hotbow

Turkeys, Cock Turkeys; Hen,

Snipe Pheasant

Qumil.. Partridges

Almonds

Apples California)

Bananas (bride's).

Carambola

Coconuts

Lemons, China

Lemons (America).

Lichoes, Dried....

Oranges (Canton)

Fear (Canton) .........

Persimmons, Large

Pamelo, Stam

Oranges

26

52

+37

22

24

80 20

each 15 10

10.

10

10.

60

80

42

25

後質

1459-28-2017

24 21

Pesenta

per ret, DO 60

70

exch 12

Plantain

18 13.

10

50 2625

Walnuta

23 25" 22

Grapes

34

20 18

·50 26 24

86. 20 38

$0.

30-

Sucking Pigs, to order. Th

Mr. Robertson said he wished to considered as in two sections, each propose a vote of thanks to Mr. Pork Chop separate. First, there should be Otani for the excellent manner in “trading." As to this there can be which he had conducted, the meet-. nothing other than commendation, ing. He understood. Mr. Otani was for, as is shown, in the face of leaving, so he thought they might the adverse conditions which had pass. a vote of confidence. In hire to be experienced in the period of and also any good-bye, wishing him October to April to have secured every duck in his future carcer. an appreciable increase in the

The meeting then terminated. credit of working surplus of account la Kighly satisfactory and is ample proof of the potentiality of the company's business if con-

principal movement ducted in sympathy with the ruling spring cocoons, says the "Japan conditions as these arise. The re Advertiser, was expected about the sult is most praiseworthy, and middle of this month, as aericulture merits the congratulation, and has been delayed by the cold Barbel thanks of the shareowners. As to weather throughout May. No the second section, that this should | money has been advanced to the. fail to ellelt favourable comment reelers so far. by the leading banka. Water Flab is to be anticipated, and in my of Tokyo, Yokohama, Nagoya and opinion and this is also held by Ganka, but funds are being collect- Carr

The

JARAN SILK.

Susty Reef

TE

Mutton

Veal

H

Sausages

No.

Bream

Canton Fresh

Fish.

Artichokes

Beans, Sprout

24

Long

20

Best Root

Bitter Squash

10

12

20

23

Crabs: ****

18

2

Codfish

a number of shareholders not pre-ed and it is considered, probable, Catfish sent here to-day-it is discourag that loans will be made this week. ing and there arises the question? Loans to reelers. genorally

Has anything more disgraceful amount to about 40 per cent. of the Cattle Fish seen the light of day in Shanghai? value of the spring crop. If the Dab I think not. Within this second price is 7.9 & kwan, the total value Daca section is comprised capital account for the estimated crop of 43,000, Dog Fish and extraordinary expenditure. A 000 kwan #ill be Y.387,000,000 and Eels, Conger study of the figures will disclose the Jonna about ¥156,000,000: a position which, is nothing other

than the excessive indebtedness of

the company and under the given headings for the second section this is of the past and is increasing in this accounting. At one period on the 22nd of November, 1917). this was a highly successful cotton Authorised Capital ..... $80,000,000.00. manufacturing company, yet at this Paid-up Capital $18 £78,800.00 date it has found its activity Bosarve Fund $9,829,425,24-

HEAD OFFICE: PEXING.

HONGKONG BRANCH

4. Quem's Road Central 'Branches and Sub-branchial: all over China and Correspondents in Europe, America, and other parts of the world.. London Bankers: The National Provin

cial and Union Bank of England, Ltd. The Guaranty Trust Company of New

Tork New York Bankarst one The Irving

Nation Bar code The Equitable Trush Company of New

York

Internet allowed, on Current Accounts t and Fixed Deposita. F'erras on' spplies.

Every description of Banking Boo Depozita recatyad fos, fixad periode aš | ness tranzachodaya «bèn to be obtained on application, Lowds granted on appmoved seotREESOM Epecial Sant224ion Low Home Exchange.

TSUYER PEL

S. ARIMA

Hongkong, 11th March, 18

However, it is not unlikely that all

totals will be lower,

"

Fresh Water Tallow

Frogy

Garoups Gudgeon

Bunkers are making preparations, to meet the needs of the industry, It is anid that the Yasuda Bank Herrings. has already distributed Y.7,000,000 Hallbut among its branches in various parts Labras of the country to meet the need. ....... touch

Lobsters

Mr. E. B. Skinner has been electMackerel edchairman of the Rubber Monk Fab

THE MERCANTILE BANK OF Growers Association, and Mr. Eris Mallet.

INDIA, LTD.

HEAD-OFFICg:

İs, Graenokarch-Street, London, B; &#

£3,000,000 1,800,000: 1,050,000

Authorisert Capital Subscribed Capital Paid-up Capital Reserve Fundi

HÁNTIES"

The Bank of Harland

Macfadyen vies-chairman, for the Oysters ensuing year ME W D. Campbell Parrot Fish has been elected an ordinary Perch member of the council on vacat- Pike ing the chair and the following Plaice Fretiring members of the couneli Portem 1,850,000%; and re-elected:---Mr. W. A. Addin- | Famb and Bank, Lael, Mr. J. L, Burt, Mr WHP

Daukes, Mr. O. Devitt, Mr. C. Ray Emerson, Major CCL Fitz | Rock Kingapore williams Mr. W. Forsythe, Mr. Barabaya W. Greenhill, Mr. C. Q. Macadam Bal

Mr. R. K Magor, Mr. William Moir, Mr. E D. Mariey, Mr. Percy -dem intion of analgan chang tro Pinckney, Mr. FA Roberts, Mr- INTREEGL siinwed en Current Arcounts at 3ry | We Shakespeare, okatu par minima na, Daiļa Balunos said "gled Deporteatralesin may be scurtain on Sinclair, the, Hon C Marker Frank At Bettenh

Bangkok dails Reels Lupe Manson

Hataria Hongkong, Kunstám Pahing) Shanghai

portby. 15wrly: Modřan

Octombo Kamobl・ Panung." Detal Kuta Bhare Por Log

Calonia Kand New York

MARGAON HONGKUNIT BUA TOILE

Every

ODEO.Jupa 14,106E

NAUSTRA

Herbert

自雄

BR TEKROUHKRUT

Poultry.

June 18, June, June, 1928, 1918. 1916.

Gta. Cta Cla

ib.

:60

80

81

55

80

60 28

80

45

21

each

21

per doz. 24

新鮮類學

30

20

75

30

?

50

24

24

50

24

Bach 55

35 28

漢口

E HËN ME VON DOG DER KR - - MEME MEME MEM

Fruits

sach

pair

ភ្នំ ៖ ៩ ៩ ន ព ក ត ន ន ន ន ន | ផ | | |

85

28. 24

4.

12

each 12 10

10

Ib.

16 7.

8

荔枝干Ib.

40

25

80

30

N

24

10. 12

樺金花杠大運

Vegetables, &c.

Brinjale, Green

"Rod

Cabbage, Chinese

(Shanghai) Cans Shoota, bunch Cauliflower (Large)

Carrota

(Medium

(Small)

Celery, Chinese

Chilfen, Dried

Red

Curry Stud, English Cucumbers

Garlic

Ginger, Young;

Green

each lb..

each

& B

8

*སཋཀཙཱུ

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