1926-12-24 — Page 2

2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Unpidi, a.. Imoned Aml Pally. Palouse

..Sterling £4,500,000.

Baserre Likidity of Proprietums 40,000.

HEAD OFFICE, HONGKONG:

OURT OF DIRECTORS

.. Mr. B. G. M. Bersani,

Citriman.

.,

Bas, Mr. A. O, bang,

Deputy ChairmaD.

A. II. Cumpilan, Beqi

J. A. Klainber

T. Wonll, Enefi

W. 4. Pektendons Bay. 1., Wales, Kaşı

"1

M. Young, K

blot Masuket,

1. 11. Barlow. X

BRANCHEB:

LINDAN

1. YOXS

MALACCA

MANILA 310EKDEN

AMOY

BANUIKDR

BATAVIA

BOMBAY

CALCUTTA

'CANTON

KACAMATI

CHEFOO

3** YORK

OULOMBO

PORNO

DAIKEN.

YOOCHOW

HAIPHONG

BAMBURO

SAN PRANCIAcu"

ПАНКОМ

HABRIN

HONGREW

FLOTRO

[PO

JOHORE

KONK

KUALA

UMPEN

PENANO

BANDOON

SHANGHAI

SINGAPORX

SOURA BAYI BUNDRY PATANE TIENT IN

TUS YO

TINGTAO YOKCHAWA

170tral Accommia opiod in Band Querenay and Mixed prece ir ar SULL BE shorter parade in for Surrey Worling on to what w513-1a quatendiamoji pa pri quyen sanāk,

Hongxing 1 October, WEN

HONGKONG SAVINGS BANK.

That 16 of them, mlacom, State's pai dusted be the DONGKONG AND S LANTUHAT BANKING RPORATION, Ruins my

oppiantion.

PCH THE OROKOND & HANDL BANKING CORPORATION.

eng Mag,-1908,

A Barlow,

Chef Masko!.

BANQUE DE L'INDO-CHINE.

Pondicherry Maixon

HEAD OFFICE:" 98,. Boulevard Haussman, Paris. Subscribed Capital. Fre. 72,000,000.00-1 Paid-Up Capital... Fr. 88,400,000.00 "Reverve Fund ...... Fra 60,607,283.54

BRANCHES. Hanj Hongkong Along ter Noumea Paporte oking Pon-Penh BANKERS!" IN FRANCE: Comptoir Natioral d'Escompte de Paris; Credit Lyonnale;.

Bangkok Battambang fraton

Dijbout!

Fort Bayard

Haiphong Hantow

Shinglesit Singapore Hent in

ograme

Yanna.fs

Banque de Faris et des Pays-Bas

Industrial et. Commercial; Societe

Generals.

IN LONDON: The National Pro vincial

Union Bank of England, Ltd.; Comptoir National" d'Escompte Paris; Credit Lyonnais.

THE BANK OF EAST ASIA, LTD.

HEAD OFFICE: HONGKONG.

10. Des Voux Rand, Central, Hongkong,

Authorised Capital

Resorve Fund

THE CHINA MAIL.

COMMERCE AND FINANCE,

Pald-Up Capita).

$10,000,000:

5,000,000 1,200,000

BRANCHES AND AGENCIES:-

Batarla

Malheurns on Francisco.

Bombay

Naxonkl

Sentilu

Chloreti

Now York

Semerunt

Canton

Danke.

Shanghai

Haiphon

Harle

Singare

HOME TRADE.

MANCHESTER CONDITIONS

Hershyin

Peking

Surabaya

Kober

P-nak

Talperi

Kowloon

Rangoon

Tientaln

London

Haigon

Tokyo

Masl

WEEKLY MARKET REPORT.

n

&

Correspondents cities of the world.

ja all principal

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

SAFE DEPOSIT BOXES to let

KAN TONG PO,

Chief Maasger.

Hongkong, 32nd May, 1980.

行 銀商工法中

BANQUE FRANCO-CHINGISE

pour le

Commerce, et L'Industrie (Incorporated in France),

5. Chater Road, Victoria, Hongkong,

HEAD OFFICE: 74, Rue 81. Lazaro, Para..

|Capital"

F 20.000.000/--

11.160.00

Special Working Capital... 40.000.000

Faris Saigon

Pekbig Canton:

BRANCHED:

Marreblan Lyons Haiphong Hanoi

Shanghai Tientsin Hongkong

BANKERS:

FRANCH-Societe Generato, Banquet

REVIEWED.

Messrs. James F. 1 Co., Ltd. Manchester, raport as follows under date, Nov, 17

"I

U.S. PROSPERITY.

ACHIEVED IN SPITE OF FALLING PRICES,

2

OPTIMISTIC OUTLOOK.

>> not include the whole consum

ing public. Farmers, who sell so largely in the international mar ket, ard especially feeling the pressure of the world-wide down- ward movement of prices,

A large volume of trade and continuation of industrial activity at its present level are in pros

KENYA MOTOR IMPORTS.

Rugby, Dec. 23. The annual report on Konya shows that owing to the rapid

the territories. development of and continued increase in and im- provement of road mileage, there was an abnormal importation of vehicles of all descriptions. The. number of motor-cars imported into Kenya and Uganda, which form one administrative unit for

There is..very little change in pect for the remainder of this customs purposes, increased from

year... This outlook persists in

945, valued at £137,000 in 1924, cotton values of prospect to re-spite of events of the month that! port during the week. Fluctua have not, certainly, tended to en-to 1,558 valued at £274.143 in the following year. In 1928 only 66. tions have been within narrow courage further business expan motor lorries were imported, and limits, and it would seem that slon, states the November reporthis was increased to 450, in the [ of the National Bank of Com-

Last year's following year. New York, which configure rose to 1,600 with a value

"

Simultaneously there was

of motor cycles and sidecars. British Wireless Service. great increase in the importation

interest-Reuter.

POTASH PACT.

لوم

there is now some approach to merce, steadiness. The cornued offer-tinues:-

Such happenings have included of $264,000." ing from the market. overseas at auch absurdly low limits causes the destructive violence of the mid-west from flood and storm, some surprise here, but no doubt Florida hurricane, losses in the Bayers see from the daily market and--of greater economic import-

ARMSTRONG WHITWORTHS, cotton, quotations, that cotton hag ance--the recent debacle of cot- fallen from 2d. to 3d. per 13ton prices under the weight of a during the last couple of months, prospective record crop.

London, Dec. 23. This year's prosperity, achiev-

Meetings of all classes of de- which is a drop of from 25 pered in the face of a declining price cent. to 30 per cent., and they trend, has been based on the Denture shareholders of Armi- expect a similar proportionate effective working together of all strong Whitworths have agreed economie on a scheme of arrangement ease in the price of finished Piece the elements of our

system. A heavy turnover of drawn up by the advisory com- Gooday There has been no re

The scheme provides for a five- duction in either spinning or goods with a minimum tie-up ofmittee. weaving costs, nor in bleaching, materials and capital has been dyeing, fishing or in the many made possible by widespread con-year moratorium for debenture processes through which the cot suming power, excellent transport ton goes before it becomes a piece service, ample and liquid and of cloth made-up and packed efficient production and distribu

Paris, Dec. 23. ready for shipping. The ease intion. The weight of the new cot-

The newspaper "Excelsior" Nationale de Credit Banque de price is only 2d. or 3d per b ton outturn added to a largel on the weight of cotton in each carryover will necessarily Involve Paris et des Pays Ba

piece, and taking a standard line both low prices and the tying up announces the imminent signing ment concerning the distribution of dyed goods such as Red Shirt-of credit necessary to handle the cf a new Franco-German agree ings, the drop is only equal to crop in orderly fashion.

This situation in the cotton of potash exports.-Havas. something between five and eight per cent. Spinners and Manu-growing states must be taken ac-

The total output of the Kailan facturers have been losing money count of and it is in a degree de-

no Mining Administration's mines for some time and will have topressive, but is need cause increase their margins as scon extraordinary apprehension. The fo. the week ending December as an opportunity presents itsel crop is unusually well distributed 11 amounted to 70,988: tons, and and it does not seem there can A few months ago, the cutlook the sales during the period to

appreciable reduction was for a poor yield in the east-165,062 tons. however much worse their postern part of the belt at a moderate Their prospect tion becomes. It is only a big laver of prices. demand which would put them now is for a good yield of "cotton The second on full time again that would with low prices. cheapen production. Should this state is not much worse than the come about it is probable that first, and in many localities it is At all events, and probably better. whatever Manufacturers Spinners saved by a heavy de- the weight of the new crop falls mand would go into their pockets evenly on the whole South, and and not to either the merchant not as at times in the past on or the buyer. Of course the presome part of it.

LONDON:-Midland Bank Ltd. NEW YORK:-Irving Bank Coinmble

Trust Co.

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

A. ROLLIN

Hongkong, 1st December, 1925.

Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA..

Incorporated by Royal Chater, 1855,

HEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund.. Raaarve Liability of Proprie.

£3,000,000 £4,000,000!

£8,000,000

de

tors

Agencies and Branchen.

ALUR STAR

MAPBAY

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

Interest allowed on Current Accounta and Fixed Deposits according arrangement

ACM y Bit)

AMRITSAR

BANGKOK BATAVIA BOMBAY CALCUTTA CANTIN CAWN PORR

to

X

COLOMBO

DK1.11

Every description of Banking and Exchange Business tratracted.

A. LECOT,

Manager.

Hongkong, 11th December, 1926.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ,

"

(NETHERLANDS TRADING SOCIETY.)

Established. 1824. "Hongkong Branch Established 1906.

Authorized ajital G 150,000 00D £12500,000 Polit-Up Capital... → 80,000,00£6,66 67 Recurve Fond....G.

NCC 560,778. 3pecial Reserve ..G.

:

£ · 888:30-

HEAD OFFICE:-Amsterdam. CASTERN HEAD OFFICE:-Batavia, BRANCHES:-

Bombay Banfermin Bandog

alentta Cherilan Djamour Djakjakarta The Hague Koba Kola-Baja пондент Merina Pailang.

Puembang Pengas Pennink

Ponzionuk RITE DOL

Singapore Fant

HAIPHON HAMBURG HANKOM HONGXDNO HONO TPU H KARACHI

KUBK KUALA LUMPUR KUCHING

MANILA

MEDAN

NEW YORK

PEKING S

PENANU PESHAWAR PUKET KANGOON SAIGON. SKNARANG BEEKMBAN SHANGHAI SINGAPORE YOURABAYA PAIPING (P.M.B.) TATOY TIENTUIN. TOKTO THINATAU

↑

YOKOBAMA ZAMBOANGA

(Philippo Jalunda)

Foreign Exchange and General Bank ing business transacted.

Current Accounts opened and Fixed Deposits received for 1 year or shorter periods at rates which will be quoted

on application.

A. H. FERGUSON, | Manager. Hongkong, lat August, 1926.

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

Incorporated by Special Imperial Charter, 1399.

Botterdam Na Ang Bhanghai

...Yen 45,000,000 Korall in Siborg, Sumate) Capital Subscribed

jljep

Noerakarta(ok) Capital (Paid-up).....Yen 59,375,000 Weiteyreden

HEAD OFFICE:-Taipeh, Formosa,

BRANCHES:

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

DESCRIPTION.

J. C. MAASSEN,

Acting Manager.

Hong Kong, 1st November, 1928,

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve fund

ber

any

sent drop has been more than most people anticipated and con- Bequently has eased cloth prices

The South has probably never before been better osition to take care of such a crop in order-

to an appreciable extent, but to fashion. The region has en- borrowings! joyed prosperity;: nothing like the extent many ex-

Whether or not the in-have been reduced and there has pect, creased demand, which so many been a substantial accumulation of working capital throughout! people expect, comes along rėm the South. In some instances' mains to be seen, but if it does cloth prices will certainly be hardship will be involved because loans advanced for the production higher than they are to-day. The of the crop cannot easily, be re- Coal Strike fortunately appears now to be drawing to a close, but paid. But there is every reason to believe that the freezing of this will not affect prices, credit will not nearly approxim makers who attempted to include the high price of coal in their late past experiences. Domestic calculations got no business and consumption promises to be large, and exports are already going out soon gave up the idea.

in heavy volume.

THE MERCANTILE BANK

INDIA, LTD.

HEAD OFFICE:

16. amechurch Street, Loades, E. ́C, B.

Authorised Capital Subscribed Capital Paid-up Capital

Reserve Fund

.£3,000,000

1,800,000 1,050,000 1,350,000 SANKHIM; The Bank of Bangla Milan Bank, Ltd, BRANCHHM1

Tunin Campur

Mudro

Rangoor

imu

On

Agriculture outside of cotton is the whole in a satisfactory OF position. It is characterised gen- erally by good outturn albeit!

In with relatively low prices. some localities unsatisfactory conditions occur. Parts of the spring-wheat .region had a very ppor crep, and sections of the Corn Belt are suffering the same experience. The corn crop is smaller than last year's good out- turn by several hundred million bushels, but. with the much heavier carryover in farmers' hands the supply for the season is expected to be adequate. Live- stock prices promise to hold up well. The wheat trade has been slowed down by scarcity of ocean shipping and consequent high rates engendered by British im- ports of coal which the miners' strike has made necessary. Wheat prices are around 15 per cent. lower than at this date last year.

Bangkok Gells Batavia Hongkong Huston Plug) harga Barba

lowrat

New York Singapore nicutta Kandy

BUTA embo Karachi Penang lhi: Kuta hay Lort Losh (Mauritiu):

HONGKONG BRA VOH,

Auking and arcange bu

JAPAN:-Tokyo.. Yokoham.. Kobe,

Osaka. FORMOSA: — Giran, Kagi, Karenko,

Keelung. Maitong. Nanto, Shin- Kvors description of

Membránatod, chiku. Taichu, Tainan, Takao, INTEREST allowed on Current Acquale at 2 per

Toen, Helto, Taito. peut, per aim of Daily Babes and Fix

Depuals at rates that may be nerurteaud on Hankow, Amoy, application, Swatow, Canton,

O, EC, BANIES,

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

#

LONDON. BANKERS:

London County Westminster and

Parr's Bank.

7. Queen's Road Central.. Hankook, Juna 36) -

THE BANK OF CHINA,

t

行銀國中

Yen 89,800,000 Tile Bath has Consenpondents in uns Coremercial (Specially Authorised by Presidential

Head Office:-YOKOHAMA,

Branches and Agonefem. at:

Alexandria.

Batavia:

" Bombay.

Buenos Ayres,

Calcutta,

Canton

Changchun

Newchwang

New York.

Dsaka,

Hangoon.

Rio de Janeiro. Salgen. Dairen (Dalny).

Francisco. Fangtien (Mukden). Seattle.

Hamborg

Hankow.

Harbin

MarEm

HOAK Kong. Bong Honolulu Kai Zuen.

Caracal London,

·Zobe

Los Angeles. -Lyons.

Nagasaki.

Nagoya

San

Shimonosekl Singapore. Soorabaya. Sydney. Tigntsin. Tokyo,

Tainantu. Tsingtao. Vladivostok

(Temporailly

closed).

Interent allowed on Current Accounts.

•Deponita received for fixed periods at rate to be obtained on application.

-H. MORIAze Manager.

Hong Kong, 18th Decembar, 1928.

Conlaw, the European Grailuent, Tun, Man

churia, Tenglao, Japan, indeklina, Minm, Todi, Philippine Planan, Jata, Afiten,do.

Interest aliować on CorreNÍ ÁOCDENTA, End Fixed Deponita si ixtes which will be quiet on applian Won,

T. TAKAGI,

Manager.

HONGKONG BRANCH:

8, Den Voux Road Central, Hongkong, 7th May, 1925.

THE BANK OF CANTON, LIMITED.

Head Office---Hongkong, "

ERTA BLIBUED 12

Authorised_Capital.

£1,200,000

700,000

Eston, Bhanghai, Hankow, Bwatow, Bangkok New York sad San Predejo, Compusdente in all Principal cities of the

Paid Up Capital .::. -Allvar Emaria Fund.

BHANGOES

Word

LONDON BANKERS~~~

The Hoyd's Rank 1,Imiisa. Every description of banking business trabastad,

Bam Deposit Boxes in various sizes to Dietām. 'from. (550 to 040.00, yak2)71/

LOOK POON SHAN,

• Kangkona, Kas Apali: 1996.

„püler Manager..

Mandate of the Republic of China on the 22nd of November, 1917).

Paid-up Capitai Reserve Fand

HEAD OFFICE: PEKING.

HONGKONG BRANCH:

In the price decline of the past

year, agricultural products have suffered more than the general list. The decline as a whole

Authorised Capital ..... $60,000,000.00 seems to be part of a world move ...$18,278,600.00 ment. It is observable in almost $9,829,425.24 every country that is either on or returning to a gold or stable cur- rency hasis, and reflects in part, the increasing demand for gold In monetary and credit uses. It would be difficult to find any real 4, Queen's Road Central, Branches and Sub-branches all over China and Correspondents in Europe, reason within the United States America, and other parts of the world for the year's downward trend. been active and Lonion Bankers:-The National Provin- Business has

cial and Union Bank of England, Ltd. prosperous, production and con- The Guaranty Trust Company of New sumption have been extraordin-

York New York Bankers: The Irving arily well balanced, and there has been absolutely no pinch of National Bank The Equitable Trust Company of New credit. None the less we have

York

not escaped, and cannot escape, Interest allowed on Current Acerunts the general world trend, and Fixed Deposits, Terms applica-

tien.

Every description of Banking Busi- nose, transactać.

Loant franted on approved escurities. Sex dal facilities for Home Exchange

TSUYEE PEI, Manager.

A good deal has been said about the Impor ance to continued prosperity of the maintenance of consunting power by high wage payments. This is true as far as it goes Butt must be remem- bered that industrial workers do

FRIDAY, DECEMBER 24, 1926.

17

How do YOU fédias 3 pm?

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The Test (from report in "Medical Echo," Jan 1925") ..Groups of healthy people were tested after hours' work. Their fatigue was measured' and it could be proved that only 14% of their normal vitality was icit. When they had used Santogen for a fortnight their fatigue was measured again after the same work and, nor withstanding the strenuous work,, they still had 80% of their normal vitality left They were stil!· St and fresh where formerly they were tired.

And Sanatogen will do the same for YOU! Try it !

SANATOGEN

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Order now Special

December Number

of the

CHINA JOURNAL

The Leading Magazine of the Orient

Profusely illustrated with

Four Beautiful Coloured Plates

By Well-Known Artists, and

Over FIFTY Halftone Ilustrations and Drawings.

Fascinating Articles by Experts

Dealing with a wide range of subjects. Something to interest every class of reader.

If you are not a subscriber be sure to order this issue.

It is a book in itself, and the price is only

$2.00

The annual subscription, which includes 12 numbers, is only $10.00 (Shanghai Currency), and would make a handsome Christmas present The for your friends here in China or abroad. postage abroad, including Hong Kong, is $1.00 extra. We will send it to any address.

bookseller or Place your order through your

direct with the office of

The China Journal of Science & Arts

Museum Road Shanghai,