1926-06-30 — Page 2

NG AND SHANGHAI

BANKING CORPORATION,

Author

Starling llary

HEATRETION HONGKONG.,

COURT OF DIRECTORS:

Ton per D. 9, M. Batan!.

··Oladros na.

jom. Me, A. D. Lang, Depity, Chairkung.

• Comptari, › Tácy..

ANDY

J. A. PIANTES, INC. TO. Well, Esq. 11-

¤AMA Young, Kaj

*Chlef Manager.

BANGKOK.

BATAVIA:

BOMBAY SALUUTTA.

DEGANTON

OLIKYOO:

* DOLOMBO

"HAIPHONG

HANEURO

HANKOW

KLAM:HII:--

LONDON

LYONG

MALACOA

MANILA

RAGASARI

NEW YORK

PERING:

PERSO

BANGOON

MAIGON

SAN FRANCISCO

SHANOHAL

BINGAPORE

MARMEN

SOURABAYA

HÓNGKEW

LA BUNGEI PATANI ·

VENILO

TIENTSIA

TOKYO

Вод

JQBORE

KOBE

KUALA

UMPUR

'THINGTAO

YOKOHAMA

Durrget pourte opens in 1,poal Currency- and Fixed Deposila zeanfred for not your or shorter periods in Lonal Cerroney and Aterling. on terms which will be quoted on Application.

Bangkong, 17th May, 1926,

HONGKONG SAVINGS BANK..

The Banton of the above Bank is rob. dueled by the BONGBONG AND SHANGHAI BANKING CORPORATION. it may abtafamdan applenti

FOR THE HONGKONG & SHANGHAI BANKING CORPORATION,

AB. Barlow,

Hongkong, th May, Team,

Chlef Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Parli

THE BANK OF EAST ASIA, LTD.

HEAD OFFICET. HON

10, Dea Vius Bond Central;

Authorised Capital

Bald-Up Capital @

Bessere Fund

•Batarla...

Canton

Osaka

Hiphong

Parli

BRANCHES AND AGENCIES Melbourne San Frate Bombay! Nagaki Bentl Calentia - New YorkSinuserang Bhanghat. Singapor6

Honolulu

Piking

Kobe

Penang

Taipeh

Kowloon London

Tintald

Takyou

Rari Galgot

in all principal

Correspondents cities of the world

Every description of Banking and Kizabanga business transacted. Loans granted on approved securities. -

SAFE DEPOSIT BOXES to Ind

KAN TONG PO,

Oklat Mana SORT», Hongkong, 22nd May, 1959.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. |

INCORPORATED BY BOYAL CHARTER 1858.

·HEAD OFFICE: LONDON,

45,000,000 Paid-up Capital Reserve Fund

4,000,000- -Hoserre Liability of Prostagl

000,000

FOREIGN EXCHANGE and General Banking bassess transacted.

CURRENT ACCOUNTS oper' and FIXED DEPOSITS rostved for 1 year or shorter period at mates which will be quoted an application..

A EL FERGUSON, Manager.

Hongkong, 18th April, 1923,

行銀商工法中

BANQUE FRANCO-CHINOISE pour le Commerce et LIndustrie Clacorperated in Franos),'

6. Chater Road, Victoria, Hongkong,

KNAD OFFICH: 74, Ras St. Laura,

Subscribed Capital Fra72,000,000.00 Paid-Up Capital ....Frs. 88,400.000.00 Capital Reserve Fund....Frs. 69,687,288.54

Bangko Battambang

Chaton.

-Dibouti

Port-Bayard

Haiphong

Hankow

11

BEANCHES: Hanol

nons. Fri 20,000,000,— Fr 11160.000,---- TO Special Working Capital ... Fr 60.000.000,-

BRANCHES.

Lyoni Marerillos. Balphong Hinoi

Ticatio

fongkong"

Pondicherry Saigon Shangha

Pari

Singapore

Saigon

Tienilo

Toarane Уразова

Peking: Canton

Shanghai

Hongkong.

**Mongise Masters Parente Peking" Prom-Prah

IN FRANCE Comproit. National compte de aria Credit Lyonsale; Banque de Paris at the Para Bow Credit industrial et Dommerei. Bocleta Genesis.

IN LONDON: The National Provincial & Union Bank of England Ltd.; Coptole National d'Escompte de Parla; Oredit Lyonnais IN NEW YORK: 3.P. Morgan & Co.; French America Banking Corporation; Guaranty Trest Do. of New York,

Interest aliowed in Qurrent. Accante end' Pond Depolts socording to aPTIDASESEN'

Brary description of Banking and Hrchange “Business transacted

A. LEGOT,

Hongkong, 11th December, 1923,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

{NETHERLANDS. TRADING SOCIETT.}"

Bezantíumn 1894, Honemers Branón Breartcrmid-1900

Authorised Capital. 160,000,000 £12,500,00 Paid Up Capital... 30,000,000. £ 6,685,871 By Fund G. 20,538,861 £1,711,48.

Buy G. 23,660,000 £1,900,1 HEAD OFFICE—Amsterdam MASTERN HEAD OFFICE:Batavia.

BRANCHES

Randjermain Bandung Bamba Claitta

jokalaris

Kota-Račje.

Padang

Peng

Bagapers Tegal

Cheribon Dhembar The Hague Kobe.. MEMORAT Modan

Falembang

Pantanal

Panlong Bangoos

Rotterdam Semarang Shanghai

Boersbaisy Sorakaria (@sla Tislatia Weltevreden

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

DESCRIPTION. MANNS

J.C. MAASSEN,

Acting-Manager, Hongkong, 19th March, 1920.

THE

TOKOHAMA SPECIE BANK, LTD.

Established 1880.

Capital (full paid-up) Yen 100,000,000 Reserve Fund... Ten 88,500,000

Head Office:-YOKOHAMA

Branches and Agencies atz

Bombay. "Buenos Ayre, Saleutia.

Newchwang

New York":

Osaka,

Feking

Няпрост

·Rio de Janetesi Enfront

(Dalny) engder (Makda), San Francioso. Zankow

* 2:

|

BANKERS:

TRANCH- Soci Coserale Banque

Nationals de Credit, Banque de Paris et das. Payı, Bakcel LONDO :- Milland Bank Ltd. NEW YORK Irving Bank Coinmbi

Treat Ob.

Every descript> 3 of Banking and Nxchange. Business Transacted. Corre- spondents spondents throughout the world..."

ABOLLIN, Manager.

Hongkong, at December, 1985.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO), -·

Incorporated by Special Imperial

"Charter, 1995;

Capital Subscribed Capital (Paid-up)

Ten 45,000,000. - Yen 89,375,000

BRAD OFFICE:-Taipah, FormoAN.

BRANCHES:

RICE

THE CHINA, MAIL

COMMERCE AND FINANCE

reak the Ring

by There is no rice famine in Shang- hai. The present high price of Kiangau rice is due to a trade trick, which is about to be exposed and the corner on rice wiped out Chineso estimates are that there are 800,000 pleuls of Saigon rice in Shanghai at this moment and that 200,000 picule are on their way here. There are only about 50,000 piculs of Kiangsu rice here, which is short rations, and there is little prospect of large increases. The normal consumption of rice le about 500,000 picule a month.

Kiangau ride is short for many reasons, some of which have a randy been described: the replace mont of cotton crops for rice-crops in the Sungklang region and the abort crops of Changchow and throughout the province have naturally lessened the amount of this nice to come to Shanghai Be cause of the rice famines in Hupeh and Hunan, due to lack of rain, the growing of opium and militarism, large demands are made on Wuhu rice, so that that rice has been mora widely distributed and has increas ed in price. Furthermore, there is an embargo against export of rice from Wuhu, which may or may not be enforced. At any rate, there is

mambers of the fam theory is that "suficient for song?

persona. As the dverare labo family is taken to be five pes It is easily soon that unless members of the family work, there not sufficient to go round. With rice at $12 a 'picul, a certain relief 18 afforded Sulgon res ought to be purchasable on the Shanghai market at $12 a pical at the pre sent time.

British Company's Generous Load

of the

Governmen chant marine for 1925 shows gross:

revenner for the year to have amounted to 38,874,702 and operat

taken

The times of high and low-w nurs mot" be tónafdered with the times of sla

phenomena

Market continues firm for Stanms, Ing expenses to #10,882,755, giving tidal observatory that, tha

a net operating" of 1948,068, tion of Dr. Doberak during and Teaties New Style

Cable from Japan Filature No. 1 according to a conanlar report. toi vaara 1887, 1888, and 1889,

the Department of Commerce. This The times and heights, are given at Yen 1,680, market steady

fe an improvement over 1924, how for Kanlung; but they may be Thatice New Styis-M. HY, Blus ever, when revenues were for the Victor Naval yard

expenses $10,251,218 bordeen the differences Dragon and Teinta Ex 12, T13. $8,811,038, 761% av for new silk. Sheep and and the operating defe $1,440,880.

Every smalle F68 1 2 712 av Blue Horse The fleet of the Canadian Gov- The British-American Tobacco dne size L, Tls. 760 av Ostrich ernment merchant marine now Company has for some years relieve dy at Tla, 890 Common Tis consists of forty-nine vessels wi

a total deadweight tonnaga ed Its workers of the rice problem 670

324,956 tonn. During 1925 eight of by giving them a rice allowance. This allowance is arranged in the

the vessels were sold. A total of Following manner the Company

295 voyages were completed dur accepts 38 per picul as the normal

ing the year price for ties. Whenever the man ket price is above $8 the Company allows each worker in the factories the difference between 38 and the market price on the basis of a picu! of rice per month for four indivi duals. This allowance is paid "in. money, not in kind. The result is that BAT. factory labourers are In no way subject to the vagaries of the rice proûteerN. C. D. News."

FMS. REVENUE.

The estimates of revenue and expenditure for the year 1925 pro-

a shortage of Wahu rice in Shangvided for a revenue of $66,892,618,

hai.

Luxury Rice and Popular. But Kiangau rice and Wuhu rice are always comparatively expen sive. They are superior rices. used by the well-to-do. In cities outside of Shanghai, Canton and Ningpo to name only two, these fine quality rices are not used by The the masses of the people. massas use alther locally-growm rice or Saigon rice, large quantities of which are also consumed in Japan, Saigon rice can be sold on the local market for $12 per picul An important rice merchant and an official interested in the rice pro blem both stated that the difference between Kiangau rice and Saigon rice was largely imaginary and that only an epicure could really distinguish between them, although some Chinese, say that Saigon rice is unpalatable to them.

Nevertheless, large quantities of Saigon rice are imported each year. In 1924, China Imported H. Tis: 65,248,72, of rice: Of this amount. Hk Tl6. 49,616,801 was Imported from Hongkong. The largest part of this rice was Salgen rice shipped to Hongkong and from thero re- shipped to other cities of China. Hk. Tis,866,324 was shipped directly from Salmon to China ports. There is also a large shipment of rice from Siam and British India. but this rice fa consumed prin- cipally in south China. It ia im. possible, then, to suggest. that the the Chinese do not care for im- ported rice in the face of the figures quoted abovE.

and an expenditure (excluding capital expenditure. which Was mainly to be met from loan moneys): of $64,518,306, says the Chief Secretary's report on trade in the FM.S.

The aggregate value of trade for the year 1926 was $315,994,617 showing the huge. Increase. of $238,673,775 or nearly 77 pur cent. as compared with the total for the year 1924. This value creates a record being $882,965,089 in excess of the figures for the trade boom year of 1920. This satisfactory state of affairs can, in my personal opinion, be ascribed almost entire

to the success of the Rubber Re- striction Scheme. The distribution of trade per head of the popula tion was over £46 as compared with 30 for 1924. The total values of imports and exports including re- exports, bullion and parcels Fost, for the last six years to as: follows:

Importa Exports -8175,518,712 || $289,112,015.

108,012,608 195,485,978

1920

1921

1922

1923

1924 1925

07,480,302 212,884,740

Steam latures. Double Extra at Tia 1,185, Extra Bat Tle 1,110 Extra at Tis. 1,060/70, Tussah Filatures 8 coc-Extra "A, 2 at Tis, 480 av.

Yellow Steam FilaturesMien Chow Yue Sing Poong and Bat 13/15 at Tls, 1,050, Good, "B" at Tb. 795.

At a meeting of the Board of. Directors of the Kanegafuchi Spin- ning Company, held in Tokyo, it was decided to declare a dividend of 88 per cent: per annum for the first half of the present year The general meeting of shareholders will be held on July 22.

Beat Strioin:

ヤラ

The Argentine Government has placed an order for a fleet of 19 warships, comprising cruisers and destroyers, with the Kawasaki and Uraga Dockyarda (Tokyo, June 83

Mon

ces tend to... NATIONAL

For quality Dry Cleaning

atthe

The CLEANERS

HONGKONG MARKET

Wed 8

There m

Standard Times

PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

June 26, Juna,

1926, 1918-1914)

Jane)

Poultry.

June 24, June, Jung,

1925. 1918 1914

Cla Ola Ct.

60. '80

Prime Out Corned Boart Breast

86 23 12

Capons, Sma Capons, Lar

60% 28

28 12

Dück

40 122 21

24.

Doves

20

18

Eggs, Hen (co

18

Soup

Eggs, Hen (tr

28.

20

·Stank

Fowls, Canton

24

Steak Sirloin

24

per

Bullock's Brah

Tongue,

· Tungus, Hand

Heart

Huop, Bal

Kidne

178,822849140,429,775 Calves' Hund & 29,088,287)197100,950 Mutton Chop

27,118,207 411,378,610

Trade balance

1920

1921

1922

1923.

1924

1925 The

in favour of exports. $113,195,304

$2,472,770

61,607,428

108,012,713

115,448,438

~274,762,408- nett revenue from the Chandu-Monopoly was $11,942,811– as against $10,548,859 In 1924. This Increase of roughly $1,400,000 "is due to extra sales and these extra sales are due to the fact that the Chinese population was increased greatly by immigrants attracted to the country by the high wages offered on tin mines and rubber a the states. I mentioned, in Annual Report the experi

The Dealers Trick. In Shanghai, the deslerm have hit upon this subterfuge. They gave the impression that there was a shortage of Saigon rice. They then mixed 30 per cent. Klangsu rice of JAPAN:-Tokyo, Yokohama, Kobe, various grades with 70 per cent FORMOSA:- Gizan; Kagi Xarmko, Saigon rice and threw it on the

Keelung

Nanto, Shin-market at a price which rose to Chiku

aicha, Pieu),

ment, of opening Government. smok Tamsui, Teen, Halter Talte.

standard of living and wage. CHINA:—Ghanghai, Hankow, Amoy,

capacity of a large part, of the pong saloons. That experiment was Foochow, Swatow, Canton OTHERS: — Hongkong, Singapore, pulation. This Increase in price entirely successful, and gave en- Soerabaya, Semarang, Batavia, was effected at a time when there couragement to proceed with the Bombay. London, New York,

was, to repeat, 600,000 plculs of work Calcutta.

Saigon rice in the city, in godowne

LONDON BANKERS: London County Westminster and

Parr's Bank;.

la,

The Fant has Dörraspondents in the Commercial Dastra in the European Costinent, Bussin MAR shuria, Tsingtao, Japan ini-China, Alsa, Pallippine Islaadi dava kirina, kada

Interest allowed on Current Account, and Deposita ik rajan vakich will be grated on apsildām

ST. TAKAOL

- Manager

HONGKONG BRANGIL

3. Da Vortx Road Central. Hongkong, 7th May, 1925,

THE BANK OF CHINA, 行银國中

in the Settlements, Pootung, etc.

"List of Customers."

Leg

Shoulder

Baddie

Pig's Chitings

Brains Fest

Head

Heart

Kidneyt

Aniver

Park Chop

Loin

Sheep's Head

ver

Sucking Pigs, to „Sust," Reef)

Mutton

Fish

Barbel Bream.../

Canton Fresh Water Fish

By the end of the year under fe- It la understood that certain view not only had preparations Chinese public leaders are about to been made to take over all smoking throw this Salgon rice on the, mar-Balcone throughout the F.M.S., but Carp ket sell it at public stations, en- the scheme for retail shops was also Catfish courage the labourers to use it. and completed and the aim of the Codfish thus break the profiteer. who Government to have all sales of Crabs utilised a period of inaction among chandu conducted by Government Cattle Fish local Chinese leaders, due to the officers has now been achieved. In Dað....... Chamber of Commerce elections, to 1926 no Heences of any kind re- Dscn make fortunes out of the suffering lating to the sale of chandu will be Dog Fiab of the poor

fasued. The List of Customers Edis, The danger to Shanghal of ex Byetem, introduced in November, pensive rice cannot be over-est! 1924, was continued throughout the mated. The average wage in year, no difficulty being expari Frogs Shanghai is now approxi- enced. The system, was improved Garoups mately 60 conts" a day If the in several respects, and now affords Godgson

Herrings labourer works all the time and at valuable information. Full time, his maximum average.

(Specially Authorised by Presidential Mandate of the Bepublic of China

on the 2nd of November, 2017)..? wage is approximately $18 a month Authorised Capital ... $80,000,000.00 With rice at $17.50 apicul there Paid-up Capital $18,278,000.00 is an impossible situation unless all Baserra Fund LAVAAN DA39 435.34

HEAD OFFICE, PEKINGA775

HONGKONG BRANCH:

Queen's Road Central..

Branche und Bub-branchas all "orar" China? and? Correspondenta da Bazopa, | Aznarica; and other parts of the world.

Povilon Baskets 200/The Natieră. Prov

Washingtoh, June 17-The Faited States Shipping Board to- day approved the proposed con- TELANGANAKORNE Bolidation of the American Faz

Line and the Pacific Australja,

INDIA LTD

THE MERCANTILE BANK OF Cg to strengthen the service from California to Australia under Swayde, Hoyt and Company

June

Capital.WVL£3,000,000 Canital,121,800;

4-1912-45

用肚冰

$1.00

Fowla, Haitian Geese

Pigeons, Canton

Hofhow

Turkeys, Cop Turkeys, Hen

Znipa

-Almarida-

Apples California) Bananas" (bride'n) Carambola

Cocoanute

Lemona, Chins Lemons (America). Lichens, Driedji Oranges (Canton) Oranges

Artichokes Beans, · Sprout

Long

Beet Boot Bitter Squash" Brinjule, Green”.

Red

Cabbage, Chin

Cane Bhoots, bun Caulldower

Carrots

Celery, Chinese Chillies, Dried

Carry Cucumbers Carlie

Ginger,

Fruits

Vegetables,

Small)

24

Hongkong