1926-09-24 — Page 2

HONGKONG AND SHANGHAI BANKING CORPORATION.

Authorison Capital

Compelli Pally Talet-up...... Haarve Picula

Sterling £45ADAKO silver... $27,00 1500

Beaorvo Liability of Proprietore, .'.#200

HEAD OFFICE, HOndoka.

COURT OF DIRECTORS:- 11mm, 5fr. 13. 17. M. Bernard;

Clairman,

Wadi Holly Req

Kan, Mr. A. 7, 10th, Deputy Chiurana.

A. B&Company Kit,

L. Paulamisis, Hog,

AMOT

BANGKOK BATAVIA

BOMBAY

CALGUMA

CANTON

SPOO

COLOMBO DAILEY PODOBOW

WATPHONG

HAMBURO BANKOW **HARAIN

1101-LU

POL

JOHORE

*B

KUARA.

LUMPUR

J. A. Puminer, Eg

* Ty Cheall; 5kg.

I. P. While, Ma

1. M. Young, Jong, Chint Manage. A. 1. araw. Exp BILANCHES-

LONDON

LƯUNH

MALASTA

THE BANK OF EAST ASIA, LTD.

EBAD OFFICE: HONGKONG.

10, Dos Vœux Road Contral, Hongkong!

Authorised Capital

Paid-Up Capital

Reserva Fund

$10,000,000 5,000,000 1,200,000

BRANCHES AND AGENCIES:--- Batavia Melboame Ba Trailero Bombay Nagnenki Sentin

Calontts Canton Haiphong

New York Seterang

Osaka

Stanghel

Parin

Homolahi

Peking

Sharabaya

Kobe

Prank

Tripl

Kowloon

London

Rangoon Esigon

Tlonsain

Tokyo

Manila

all rrinë)pal

Correspondents

cities of the world."

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

SAFE DEPOSIT BOXES to let

KAN TONG PO,

Chief Manager.

Hongkong, 22nd May, 1920.

MANILA

NAGASAKU

NXW YORK

行銀商工法中

7836

PKNANO

RA NOODN

HALKIN

SAN FRANCINED

SHANDRAP

HINGARMS

NOURABAYA

HUNII PACANE

TESTSIN

FORYOU

·TINGTAD

YO KUHAMA

Curtost Acgannte opuntel b-20valvurrency and land Diposits 192altali fer su VAN DE morter parkaik in Emond Carbong, EN Orash will be rganotarban BjHercede

Ungkook, drah May, 2002,

HONGKONG SAVINGS BANK.

BANQUE FRANCO-CHINCISE

pour le

Commerce et L'Industrie (Incorporated in France).

5, Chator Road, Victoria, Hongkong.

HEAD OFFICE: 74, Rue St. Lazaro, Paris.

Capital: Bosorvaj

+

Fre 20.000.000- Fr 11.150.000,- Speola) Working Capital... Fra 80.00000

Paris

Saigon

The Branded at, the show. But duoted by HONGKONG AND STANDULAT BANKING CORPORATIN, Rates may bat atstädet lost nigallination.

POR DE HONGKONG & SHANGHA BANKING CORPORATON

S

Peking Canton

Hongkong, S7th May¦* 1025;

A. R. Barlow..

Chdel Muongor.

"BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

56, Boulevard Haussman, Paris Subscribed Capital .. Frs. 72,000,000.00 Paid-up Capital Frs. UB,400,000,00 ...... Frs. 50,087,283.54 Reserve Fund!

BRANCHES. Hun

Bangkok Batambang.

Quan

Dijbouch

Fort-Bayard.

Haiphoux

Budkow

לי

Mengatu Noutien Paperte

Zoking

Paduren

BANKERS:

Pasticherry Salgon citing has

Singaporɑ Tientsin

ARING

Yamu

BRANCHES: Lyone

Marsellies "Hanoi. Kaiphong Shanghai Tiantain Hongkong

BANKERS:

FRANCE:Societe Generale, Benqur Nationale de Credit, Banque de

Paris at des Pays Bas. LONDON:-Midland Bank Ltd.

NEW YORK:-Irving Bank Columbis

Trust Co.

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

Manegar.

A. ROLLIN,

Hongkong; lat December, 1925.

THE CHINA MAIL.

COMMERCE AND FINANCE.

JAPAN

TRADE.

CONSULAR CABLE FOR AUGUST.

DOWN 34 MILLIONS.

The monthly commercial cable from Japan, received at the local Consulate-General yesterday reads, inter alia:-

Foreign trade of Japan last month decreased 34 million yen compared with last year. Excess of exports over imports also has fallen off to the half-amount of that of last year.

Though the high exchange rate would be the main cause of the depression, however, the trade with India and China, especially export to Manchuria, decreased owing to the fall of silver.

And the improvement of trade can hardly be expected at present because of the political chans in the central China..

Exchange maintaine firm, the money market was tightened a ttle, the margin to reserves in- creased notably, stock market firm, index number of wholesale. price dropped 13 per cent. from the level of the month before last:

Rice: a good crop being expect led gives much interest to the money market. Silk shows a fa- vourable tone with expectatien of an improvement of the market in America; but cotton yarn is effected by both the political dis-

FRIDAY,

SEPTEMBER 24, 1926.

o development of the currency So authoritative a testimony against systems of the world that so much so popular an error is of exceptional good will should" be manifested interesti between the chief monetary centras of civilisation..

The Silver Position,

gold Certificates repayable" In bullion appears to us to be parti- oularly ingenious and likely to be particularly yaluable in furthering the same end.

The Report conveys the strongest impressions that Mr. Gov 4, CAN Strong has done excellent service to

be effective are impossible of full- mant. We believe that the ends which they had in view in propos ing that scheme that is, the ac- celeration of the education of the The evidence of Mr. Governor As regards the silver position, It Indian peasant in the habits of de. Strong and his exports will be full seems that the American evidence posit and investment can be as of interest for the British public.was equally adverso. Silver is very well not better served by the It appears to have been directed largely a byproduct of the produc- proposals of the Commission for a principally towards the tentative {tion of the base metals. It is there-gold bullion standard without a with other sugar regions of the proposal put forward by the officials fere natural to find the silver, cop- old circulation. The secondary world, producing in the aggregate of the Emance Department of the por lend; and tin interests"in the proposal for the sale of Savings some 15,000,000 tons of the Government of India for a gold cir. United States in arms against a stable product. Not one centavo culation for India. To put that proposal which would result in a has been invested in the abaca in propoant into effect would require serious depreciation in the value of dustry. The fibre grading act in the export to India of 21,000,000,000 silvor. Such a rosult must follow effect since 1915 has been self-in gold in the course of the next from the demonetisation of silver supporting, and has even provided ten years. In addition to her normal in India and the forced sale of her nearly P500,000 for the general requirements. It would also entail onormous stocks of rupees. funds of the Government, free of the sale during that period of an

The scheme of the officials of the all expenses of collection. Abaca amount of silvor equal to three Indian Finance Department could the cause of sound finance, and the has never enjoyed any such times the total annual production only be carried out with the help restoration of the gold standard,

world. assistance as sugar, coconut and the

The American of credits raised in the Culted which are synonymous torus, by hiể tobacco have received from the evidence, it seems, was directedStutes against which to draw gold.frank and helpful evidence. Government.

strongly against the proposal. As The opinion of the United States "By giving back to the indue-regarda gold, the evidence of Mr. banking authorities being so de- try a small fraction of the revenue Governor Strong was that it was unfinitely adverse to the proposal, it it provides, there could be estab-illusion to suppose that there was is not surprising that the Commis bished an institute with plant a great surplus of gold in the sion came to the conclusion that pathologists, botanists, chemists, United States of which the States Insuperable difficulties would be en- and horticulturists, who would all are anxious to be rid. In his view, countered in raising such crodits be. constantly on the alert to the States have no more gold to and that the scheme is impractic

We have no doubt that the of wrists and ankles, strains of eradicate diseases, improve spare than is barely adequate for üble.

cords and muscles, stubbed toes, cuts, varieties, better gultivation, and the essential purpose of the res-officials of the Finance Department, burns and other mishaps of childhood, generally promote the industry.toration of the gold standard in the when they have perused the Report, Chamberlain's Pain Balm always gives. and the American evidence, will be rallef, Does just as much for older In this the example of the other Old World, and that what ia, sur-

Eases their herontie pains, backaches and neuralgia Thực agricultural countries could be plus beyond that fa no more than the first to come to the conclusion people too.

pená followed with assurance of suc- is needed to supply the normal ex- that the essential conditions which rub it on the sare spots

Sold and producing pansion of the business of the they laid down in order that their rating and quickly helps. 1.200,000 bales of abaca annually, United States in the near future. scheme for a gold circuintion should recommended everywhere. the Philippines might weil prò duce 4,000.000 bales and profit. ably compete with Yucatan and Africa, each marketing fibres in- ferior to our abaca...

#!

сеня. Instead of

Hemp Premier Fibre.

CHILDREN LIKE CHAMBERLAIN'S

PAIN BALM.

OR "black and blue" bruises, sprains

HONGKONG MARKET. PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

"Up to the present, abaca is the premier cordage fibre of the world. When properly extracted from the plant the fibre is about fifty per cent. superior in tensile strength to any other vegetable fibre known or used in the manu- Bear Striota ... turbances in China and the weak-facture of cordage. The elasti ness of the American cotton and city of abaca is also superior to

any structural fibre known." shows uneasiness.

1.-Foreign trade of Japan last month.

Exports, 158 million yen.. Imports, 140 million yen. Excess of Exports, 18 million yen.

2-Trade with China. monah."

Fast.

Exports, 42 million yen. Imports, 16 million yen Excess of exporta, 26 million

yen.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1856, HEAD OFFICE: LONDON. IN FRANCE: Comptoir National

£3,000,000 Output of Cotton Yarn during d'Escompte de Paris; Credit Lyonnais; Paid-up Capital" Banque de Paris. et des Pays-Bas; Reserve Fund

24,000,000 last month-202,000 bales.. Credit Industriel et Commercial; Societe Reserve Liability of Proprie-

Cotton Yarn exported — 7,634 Generale.

£3,000,000 bales.

IN LONDON: The National "Pro- vincial & Union Bank of England. Ltd.; Comptoir National d'Eacompta de Par Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co.; French American Banking Corpora- tion; Guaranty Trust Co. of New York.

Interest allowed on Current Accounts and Fixed Deposits according to arrangement.

Every description of Banking and Exchange Business transacted.

A. LECOT,

Manager." Hongkong, 11th December, 1926.

NEDERLANDSCHE HANDEL.

MAATSCHAPPIJ. (NETHERLANDS: TRADING SOCIETY.)

Established 1824. Hongkong Branch Established 1906.

Authorite apital: 57 · 150,000 900 212.100,000 Paid-Up-0 Capital 80,004,60,61,67 reserve Fund......G 21, 7,340, £ 1,580,778 | pacial Reserve 12 000 € 1.838.330

HEAD OFFICE:-Amsterdam, EASTERN HEAD OFFICE:-Batavia. BRANCHES- Banderar sin and g

Calcutta

Djok jakarta Kota-Raja

Padang

Pening

Botterdam

Clioribota

The Hague

A Kanak P

Parombang

Bombay

tore

Agencies and Branches.

ALL STAR

(Mulnya AMRITSAR BANGKOK BATAVIA BOMBAY CALCITTA CANTON CAWNPORE

T

COLOMBO DRI.31 HAIPHONG HAMBURG BANKOW HONGKONG 110110 TPUNI 'KARACHI'

KLANG KORE HUALA LUMPER KUCHING

MADRAT

MANILA

MEDAY NEW YORK PRKIN PENAND PESHAWAR POKET RASUOON SARON HEMAHANG KEREMBAN SHANGHAT SINGAPORK NOURABAYA TAIPING

(F.SL.8) ΤΑΤΟΥ TRENTIN TOKYO ÎNINGTAO YOROBAMA

f

HEMP INDUSTRY.

Philippines to Lose.

Prime Cut

*

Corned

Roast

2

Breist

#

Soup

Steak

...

1

"Abaca may be mechanically stripped. This much is proved and the practice should be rapid- ly extended to all fibre districts.)

Steak Sirloin Abaca may also be kept free from diseases to a great degree simply Bullock's Brains

» Beningen. by cultivation. This also is prov- ed and might be demonstrated by stations at Silang, where disease has, in several years, wiped out the choicest fibre in the Islands.

Davao Good Example.. "What has been done in Davao ean be done in the Bicol région. as well as Leyte and Samar and "northern Mindoro. In Davao abaca is not grown wild. It is

4

Sept. 16, June, June,

1814 1936. 1918

cu. Cia. CLA. AR15. 82 24 12

80 23 17

28 12

82- 24

18

Chicken

泰集點

Poultry.

Sept. 16, June, Juno,...

19281918 1914

Cta. Ct. Ger

13. 60 30, 81

55

80

60.

22:

28....30

21

each -

21

per coz, 80

新鮮類蛋

**£

lb.

24

24

24

28 20 23 20 18

Capons, Small!

Capons, Large:

Duck

Doves

Egga. Han, (cooking)...

Eggs, Hen (fresh):

Foyle, Canton

Per set: 13.

80. 35

40 28 20

10 12:

82 24 22. 45:

Fowla, Hainan

Geese

Pigeons, Canton

Tongue, fresh Tengue, corned Head

"each: 70° 50 601

"' Holbow

60

Turkey, Cock

» $1.20

-$1.20

Hoart Hump, Salt. Foot

IL.

22

·14

38

18.

Turkoya, Hen Snipe Pheasant

each 10,

..12

15

12

TV

"o

80

22

b. 22:

14

8.

7

Klineye Tall Liver Tripe

Mutton Chap.

,

planted and cultivated for from Calro Head & Foot.. set 120 81.00 $1.00 eight to twelve years, then rooted out and the fields reploughed and planted again. It is where culti vation is neglected, abaca grown wild and the fibre extracted by tenanta on shares, that the varieties and the quality of fibre decline.

粥

"

Quail Partridges

4

F

THUISSA SNMOISSAS

TE

each 60.

.

esch.

pair

Fruits.

je⠀⠀-8 284 | E.

18.

Leg

Shoulder Baddle

全鞋肉

45

Almonds

26

25

Ib.

* Per Let 8

Apples California)

金山鄉裹 차

25

b. 24 15

Bananas (bride's).

4

24

12.

each 13

10

Pig's Chitlings

Brains

+

+1

Foot Fry 15

Head M

Heart

€¦¤âÂ÷夰 § ãàð ] | [ 489 988 18##⠀⠀⠀a!

* * * * * * * * * * *****ZÉZABAD

Carambola

Coconuts

Lemons, China

Lemons (America) «onch

こ

oach 14 10

10

8

Lichacs, Dried

Manila, September 15.-The Philippine Government will lose in revenues from P8,000,000 to P13,000,000 a year, unless steps are taken to save the abaca indus-

Two of the most successful| try from almost certain ruin, ac- Davao planters, when taken to cording to a report received at the Silang last year to inspect the market and exchange section of ruined abaca fields there, believed the bureau of commerce and in- Foreign Exchatige and General Bank-dustry from a prominent local that the damage could have Pork Chop

been prevented by cultivation.. hemp shipper. It is said that the The moribund practice of utter Current Accounts opened and Fixed industry is now in a most deplor- neglect of abaca fields over so Deposits received for 1 year or shorter able situation in view of the wide an area of our producing re- Sheep's Head & Foot..per set 76

existence of dangerous abaca

ZAMBOANGA

(Philippzo ixinada)

ing business transacted.

periods at rates which will be 'quoted on application.

way be A. H. FERGUSON, diseases and that unless the Gov. gions must in some

broken up. Davao tenants, too, ernment takes immediate steps to remedy the situation, the indus-work on the share basis. but with

Manager:

Hongkong, 1st August, 1026.

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

Incorporated By Special Imperial Charter, 1899.

I jomber

Capital Subscribed

Kobe Medan

Feusiorgan

Pontinuak

Hanaug

Shanghai

lintap

inspore Boarabda

regal

Hoerakarta(Solo)

Weltevreden

LONDON BANKERS:-

National Provincial Bank, Ltd. Correspondents all over the world.

·BANKING BUSINESS OF EVERY

DESCRIPTION,

J. C. MAASSEN,

Acting Manager:

Hongkong, 3rd August,.1026.

THE YOKOHAMA SPECIE BANK,

LIMITED."

Established 1880.

་་

Kidneys Liver

Leg

Loin

n

M

Fat or Lard

Heart

Kidney Liver

try will be completely ruined or at greater advantage, to themselves Sucking Pas, to order.

as well as the landlords. They Boot, Boef ........ least badly damaged.

The hemp shipper, in his report are associated and have regula-

to the bureau, blames the Governors for their mutual protection. Val ment for neglecting the abaca in. dustry, while it has focussed its

They sell the fibre at weekly auc-

tion often by exporters' agents,

attention on the augar industry, teration of parcela is prohibited. getting the highest prices. Adul-

Ten 45,000,000 According to him, the, abaca: in- For a first offence the fine is P50,

Capital (Paid-up) Yen 30,376,000 dustry has never enjoyed any for a second the penalty is con Barbel

HEAD OFFICE:-Taipeh, Formosa.

BRANCHES:

JAPAN:-Tokyo. Yokohama,

Government assistance, in spite of the fact that it gives the Govern- ment as high as P13,000,000, in Kobe, taxes and P4,000,000 in sales tax. Osaka,

Industry Neglected... FORMOSA Gran, Kagi,

Karenko,

The shipper's report to the Koolung, Makong. Nanto, Shin- chika, Talcho, Tainan, Takzo bureau follows in part: Tamaul, Toon, Heito, Taito:

"The Government has been CHINAS

A-Shanghal, Hankow, Amoy exceedingly generous to the More than sugar industry. P50,000,000 have been invested chiefly in one province and on one

OTHERS:

Foochow, Swatow, Canton.

Hongkong. Singapore, Soerabaya, Semarang, Batavia, Bombay London, New York, Calcutta,

LONDON BANKERS: London County Westminster and Pärr's Bank.

The Bank has Corswigandanty in the Commersial (Onaires in the Xaropian Continent, Rumin, Hṣai

(Philippina Talandi, Java, Afzien,

中羊仔仔

#*#*#*#*BBBEEEEE******REL

#*

*

"

+1

Oranges (Cantoa)

Peaza (Canton)

Oranges:

70

Peanuts

70

Faraimmons, Large, Plantain

chch 14 JŬ

Pumelo, Siam

..

185

10

50

26" 25

T

Walnuts Grapes

25 25

#

$40

Artichokes

Banna; Sprout

荔枝”。

新會歷

12:

#

DAN LE DE DE DE MA

沙花紅大道合

#

Vegetables,

竹角

ACC CORBA.BONN

18668165

10.

esch 18

12

each

Ib.

each

10

TURTARISTAT

Mutton:

Sausages

No. 1..

Fish

20 20.

24 19 24

18

18 18

Long

Beat Root Bitter Squash

Brinjals, Green

.32

16 27

40

12

9:

Bed Cabbage, Chinese

30 80 20

60 28

20

28 16 2.

50

24

Carrola

08

70

-86 16

8410 18

·26 80 $2:45

Colety, Chinese Chillies, Dried.

25

Red

10

Green

12:

12

20

Curry Stuff, English

Cucumbers

Garlic

Ginger," Young

island, to promote this industry toston on Indian Currency contains so Fresh Water

the point where it might compete

THE BANK OF CHINA

行銀國中

Capital (fully paid-up) You 100,000,000 chers, singo, Japan, Indian, siem, India (Specially Authorised by Presidential

Reserve fund...... „Yen 89,500,000

Hoad Office:-YOKOZĀMA.

Branches and Agendas at: Newchwang.

aatavis.

Bombay. Buenos Ayres.

Calcutta,

Canton.

Changchun

Dairen (Dalny),

Now York,

Osaka,

Peking.

Rangoon. Rio de Janeiro.

Fengtien (Mukden). San Francisss.

Hamburg,

Saigon.

Beattle.

Hankaw.

Harbin

Bonolul

Ehleonoroll

Karachi Kobe.

Singapore. Bourabaya.

London

Cor Angulos.

Bydnay Tientaln Tokyo, Talnantu

| Interest Allować on Darrent ácsornie, and Kisad Deposita at matae which will be quoted on applic

thank

T. TAKAGI,

Manager,

| HONGKONG BRANCH;;

8. Des Vaux Road Central:

Hongkong, 7th May, 1928.

THE BANK OF CANTON, LIMITED.

Head Office-Hongkong,

ESTABLISHIKDO FOLLO

Authorised Unpital Paid Up Caplini veya zamanda Biler Bakerie, Fund » ORANG BRANCHES-DOO GARD

- Bangko

ONDEN:

www.Y

Mandate of the Republic of China as the 22nd of November, 1917) Authorised Capital $80,000,000.00 $18,278,800.00 Paid-up Capital

19829 126.24 Reserve Fund

HEAD OFFICE: PEKING."

HONGKONG BRANCH:

4. Queen's Road Central Brancher, and Fub-branches all over China and Correspondents in Europe America, and other parts of the world London Bankars: The National Previn dial and Union Bank of England, Ltd. Guaranty Trust Company of Now York New York Bankers: The Irving

National Bany mapadnom The Equitable Trust Company of Ne

fiscation, and for a third deporta Bream tion. The tenants who have de Canton Fresh vised these rigid rules of bustness Water Mah. are Japanese. It is perfectly safe Camp the abacs industry of Davao is to do business with them, hence Catal Coofsb advancing through the enterprise Crabs

Cattle Fish of the farmers themselves."

Dab INDIA & GOLD CIRCULATION.Dac

Dog Fish The report of the Royal Commis- Eels, Conger,. much matter of interest that no

...Yellow apology is needed for returning to frogs it, states the "Financial Newg A Garoupa feature of the report is the evidence Gadgeon given by Mr. Benjamin Strong, Herrings Governor of the Federal Reserve Heilbut Bank of New York, and two dis- Labrus tinguished experts who secom- Loach Panied him, Professor Sprague, of Lobetars Harvard, and Professor-Hollander, Mackeral of Johns Hopkins. The first point Monk Yish of interest about their evidence in Mallet 2 that it was given at all. It is a Oysters notable event that the chief execu-Parrot Pian tive banking authority in the United Parch States should have visited, London pi in order to assist a British Inquiry Plates into the currency of India Fontes

No more striking proof could be given of the closeness with which praw the countries of the world are being knit together by the bands of

risation. Truly in

肚油

尾肚水

息;沙集團珠白甲花

. ཚ་ར་ད་ན་ ངོ་ མ འཎྜ ཀ ཎྷཱ'''

28 18.

20 9 10 8

82 22

(Shanghai) Cane Shoota, hunch-77 Cauliflower (Large));

(Medium

(Small)

18 15

18 23 *22-18

Old

Horseradish, Indian Con Lettuce Water Ches

Onions, Baus

each