1927-08-12 — Page 2

HONG KONG AND SHANGHAI THE BANK OF EAST ASIA, LTD;

BANKING CORPORATION.

Authorised Capital..........7880,000,000 Inced and Faily Paid-ng...... 10,000,000 Beranda pas

Sterling » 100/2607-

£500,000

.. $13,506,000

Barve Liability of Proprietor...$20,000,000

HEAD OFFICE: HONGKONG.

- COUNT OF DIKROTORS;-

Elar. D, G. H. Bernard,

..

Obairisan

HEAD OFFICE: HONG KONG.

10, Des Voeux Road Contral, Hong Kong

Authorised Capital

Paid-Up Capital

Reserve

$10,000,000

6,000,000

1,200,000

BRANCHES AND AGENCIES Batavia Melbourne San Francisco Bombay Nagasaki Seattle

Calcutta

Canton

Now York Semarang Osaka

Haiphong Faric

Honolulu Poking

Kobe

Singapore

Soarabaya

Sydney

Penang

Taineh

Kowloon

Rangoon

Tientsin

Tokyo

W. L. Patienden, E.

Mantia

Shanghol

T.

Well, Reg.

11. P. White, Ke.

of the world.

A. II. Corpion, Esq.

Deputy ChairINED,

H. Ball, Eng.

N. B. Brown Mag.

A. Mnogawan, Mag

.G.. Hackle, Xeq.

Acting Chial Manager.

How Mr. Q. Hyner, BRANCEXS:-

LONDON LYONS

AMUY

BANGKOK SATATIA

London Saigon

Correspondents in all principal eltles

PIECE GOODS.

LATEST MANCHESTER REPORT.

Messrs. James F. Hutton and

July 6:--'

THE CHINA MAIL.

COMMERCE

AND

FINANCE.

U. S. PROBLEMS.

THREE SERIOUS ASPECTS IGNORED.

Correspondence. In the London Industrial methods and prosperity,

CHINA AS MARKET.

OUTLOOK FOR MACHINERY DISCUSSED.

FRIDAY, AUGUST 12 1927.

HONG KONG TIDE.

at

the

rolling-stock in general couse- quently greatly diminialica; this was the daso especially in 1925, The tide table given below has when there was an almost complete been obtained by aid of the Tide, absence of the orders fa railway predicting Machine, which in. material and machine" hop app- cludes 40 components for the bet. The unsettled state of China has plies, usually placed by the Chin- ter prediction of tides, from the result of the analysis of the tidal greatly affected the demand for ese Government,

These unfavourable conditions observations, taken machinery from that market, but the pessimism reflected in the for business continued last year: Kaulung tidal observatory under cabled and written reports of the but in spite of lack of funds and daily Press, which gives more than absence of normal organisation, the direction of Dr. Doberck dur- ample prominence to political and substantial orders were placed for ing the years 1887, 1888, & 1889. The times and heights are given other topical news, while saying rails, locomotives, and rolling stock. little-in fact, nothing-regarding In general. These emanated mostly for Kaulung; but they may be commerce in China, should not be from Manchuria, which is the most used for the Victoria Naval yard taken too seriously. Although the progressive and among the richest and Aberdeen, the differences least disturbed. The times of high-and low- difficulties of transportation caused provinces of China, and, what is as being very small. by military operations, and the important, the

Every description of Banking and Co.,. Ltd., Manchester, report on "Spectator," relative to American hesitation on the, part of Chinese to China's railways have been develop water must not be considered to

Exchange business transacted. Loans

granted on approved securities.

Chief Manager.

SAFE DEPOSIT BOXES to let

Hong Kong, 21st March, 1927,

MALAOCA

行銀商工怯中

BOMBAY

ALOUTTA

CANTON UBXYO6 COLOMBO

MANILA MOULDIN NAGASAKI

NEW YORK

PRRISO PENAND

DAIBEN

YOOSHOW

HAIPHONG

HAMBURG

BANKOW

HARSIN

HONGEEW

ILOILO

IPOTE

JOHORE

KOBI

KUALA

LUMPUR

KANGOON --

SAIGON

HAN FRANCLHOU

BUANGHAI

SINGAPORE

YOURABATA

BANQUE FRANCO-CHINOISE

pour le!

Commerce et L'Industrie

(Incorporated in France).

HUNGEX PATANI

5, Chater Road, Victoria, Hong Kong.

TIENTAIN

TOKYO

TSINGTAO YOKOBAMA

Carreet doccante opened in Local Currency

And Tizel Deposite reseired for one year or abertar periode is Lock! Currency and Sterling on term which will be quoted on application,

Hong Kang, 19th July, 1927.

HONGKONG SAVINGS BANK.

The Hostess of the above Bank is cou duated by the 11ONGKONG AND SUANGHAI BANKING CORPORATION.

obtained on applektion.

FOR THE HONGKONG & BANKING CORPORATION.

may be HANGHAL

'A. 0. Hynes, Acting Chist Manager-

Hongkong, och Mareb, 1927.

BANQUE DE L'INDO-CHINE,

HEAD OFFICE:

06, Boulevard Haussman, Paris.

Subscribed Capital...Fr1.72,000,000.00 Fra.68,400,000,00 Paid-Up Capital

Fra 89,384,519.10 Reserve Fund

BRANCHES:

Pondicherry Hanoi

Battambang Hong Kong Saigon

Bangkok

Cantho

Canton

Dijbouti

Mengtze Shanghel

Nam Dinh

Noumen

Fort-Bayard Papeete Haiphong Peking Hankow Pntin-Peau

BANKERS:

Singapore Tientaln Tourane Yunnanfu

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque do Paris et des Pays-Bas; Credit Industriel at Commercial; Societe Generale.

IN LONDON: The National Pro- vincial & Unien Bank of England, Ltd.; Comptoir National d'Escompte de Paris; Credit Lyonnais.

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

according to

Interest allowed on Current Accounts

Deposits and Fixed arrangements.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes, to let.

CH, LEM,

Manager. Hong Kong, 20th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

INKTHERLANDS TILADING SOCIETY)

BANKERS

Established 1924.

Hong Kong (11 Quan Hoad Central

Authorised Capital Puid-Up Capital.

ileserye Fund......

Ouders 160.000,900

{£12,603,000) store Ciders 80.000200

(£40,070) Calder 40,000,000

(£3.335,333.)

Head Office:-AMSTERDAM'I Eastern Head Omize:-BATAVIA, BRANCHES-Handlemmariu. Bandoeng), Bom

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

Reserves

Paris Saigon Poking

BRANCHES: Haiphong. Hanoi Shanghai Tientsin Hongkong Paon Penh BANKERS:

Lyons Marseilles

Bo that as

We find that!

8 decrease

The

The same may be

Dara

Angust

HL

1

August 12 to 18, 1927.

Hion Watan | Lowen WarEN

standard standard

HA Times

Times

7.7

9 51a

4.3

12 m 8 48 8.#

* 10/97% | 4,8

4 B 03

34

8.1

3 72.7

4.7

Mon. 13 m 10.21 7.9

1868

Thurs 18 m 0 67

to

$ 330.4

1.0

445

3 55 9.5

5 21 a

m448

42 1.7 31.6

1:23 19:4

HONG KONG

KONG MARKET

MARKET PRODUCE.

APPROXIMATE RETAIL

"Prior to pretty much the same as last can, who suggests, that there has uncertainty of the political situa-taining concessions, combined with water and change of current, the

caused

in, Chinese officials to make fortunes two phenomena being quite week, but since the Yarn Associa- been a tendency to ignore three tion giving rise to labour troubles, politics and finance, the desire of

serious problems with which indus- have tion's action of advancing prices trial America is faced. Unemploy machinery imports during recent on a get-rich-quick basis contribut distinct.

d. to d. per lb. yesterday, ment, he atatos, is wide-spread, real years, these still represent four ing a considerable impulse.

stock, are almost unlimited In business has been practically at a wages are not high, and industrial times the average value for pre- scope for railways and rolling- standstill. This, however, is not methods are far from efficient, Heor years.

The Chinese are, on the whole, a China, and the field has hardly been the only point which is engaging proceeds: "At the time of writing

Most of the really sound business, At the we are supposed to be floating on poor people, but they are very an- touched as yet.

xious to employ foreign machinery discussion on 'Change. general meeting of members of a wave of prosperity.

"Wars" have loans enabling these to be bought, dustrial purposes. the Yarn Association on Tuesday it may, there are probably between for agricultural as well as for in- both for railway materials and the Fel. 8 m 7.

one and one and a half million per always existed in that Empire, but will pass in future through private, But next, "transferable quotą"

sons unemployed. scheme will be put forward for two years ago the unemployed par as they are conducted according to and the usual business, channels, adoption. In short, this is a pro- 1,000 of population were 19.3 in the Oriental ideas of waging warfare the contracts being obtained in open 8am 14m posal whereby one mill, should it United States and 25 in Great Bri (intrigue, propaganda, compromise, competition. not have sufficient business to tain......Many Englishmen have and the winning-over of the other said in respect of the mining pos keep it going for the hours recently visited the United States side by hard cash), they do not sibilities which China presents, the thesis of 24. allowed, could sell its surplus to discover, among other things, preclude trade except in those exploitation of which only awaits Capital fully paid up...Frs.40,000,000 production rights through the the secret of high wages. While areas directly in the sphere of mill- better means of transportation, or Wed. 17. m 0 186. Special working capital..Frs.50,000,000 Association to a more fortunate there are conspicuous examples of tary operations. Railways usually ganisation of railways, and a better ..Fre.13,276,000 mill, which has more business on establishments which do appear to suffer most from such troubles, and understanding with the Chinese.—

hand but has not sufficient time have discovered some such secret, the demand for locomotives and Engineering. at its disposal. By this means, broad view of the wage earners the Association will be able to throughout the country gives quite a different tone to the picture. ascertain the exact position of without going into statistics, per- trade in any section for, if there haps I can depict the situation beat! were plenty of quotas offered and by pointing out that about 50 per no buyers, it would be obvious cent. of the wage carners in the that a curtailment of hours was United States receive less Income needed. On the other hand, if than is required for a standard of a 'minimum the number of buyers exceeded living described as

How- the sellers, it could be reasonably health and decency' level. concluded that an increase would ever, this condition may compara with that of other countries, it car- be desirable,

There has been very little im-tainly shows that the average Beef Siriola

American worker is far from roll- provement during the past weeking in wealth and that actual

from India. poverty is far too prevalent. in the demand

"As to the much advertised Calcutta, however, has shewn a little more interest in shirtings American efficiency, the only and dhooties. Light" whites and serious investigation into this-aub- fancies continue in fairly good ject of which I am aware came to a different conclusion. request, although only a few small quite orders have been booked. Dealers Waste in Industry' is the title of are still complaining of Manches- the report of a committee of the Federated American Engineering ter's high prices in comparison Societies, often, called the 'Hoover Report." The general conclusion with those of Japan, and con- tinue to hold back in the hope reached was that the average Yarn Association's American firm is less than half as that the

will eventually fall efficient as the best firm in that policy

In other words, through. Mail reports, neverthe-particular trade. less, show that stocks have been all the firms of an industry, good, steadily going into consumption bad and mediocre, waste backed up by the firmness of the average more than twice as much market on this side. Although a as the most efficient firm in that

Industry.

FRANCE: Sociale Generale, Banque Nationale de Credit, Banque de

Paris et des Pays Bas. LONDON: Midland Bank Ltd NEW YORK: Irving Bank Columbia

Trust Co.

Every description of Banking and Cor- Exchange Business Transacted. respondents throughout the world.

A. ROLLIN,

Manager. Hong Kong, 21st April, 1927.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1863. HEAD OFFICE: LONDON.

.23,000,000 £4,000,000 Paid-up Capital Reserve Fund Reserve Liability of Proprie-

£3,000,000

tors.

Agencies and Branches:

ALOR STAR

(Malay Hints) AMKITHAR BANGKOK BATAVIA BOMBAY CALOUTTA CANTON CAWNPORE QEBU COLOMBO DELMI HAIPHONG HAMBURO HANKOW MONG KON

MADRAS MAHILA MEDAN

NEW YORK

1

ILOILO IPOU

КАПАСЫ HLANG

КОВК

KUALA KANGSAR

Perak, (F.35.8.)

KUALA LUMPUL

KUCHING

PEEING PENANG PESHAWAR PUKET BANGOON BAIGON BEMARANG BERKHAN SHANGHAI KINGAPORE HOUBABAYA TAIPING

·TAVOY TIENTSIN TOKYO TSINGTAO ХОКОНАМА ZAMBOANGA

H

Butcher Meat.

R

Aug. 5 June, June,

Doves

#

PRICES.

Poultry.

1927. 1918. 1914.

Aug. 5, June, June, 1927: 1918, 1924.

Cu. Ch. Cr

Cta. Cie. Ciui,

・牛焼

ль.

28. 24 12

Chicken

Ib.

31.

Prims Cut

28. 28 12

Capons, Small

28 80

Corned

23 12

Capons, Large

80

Roant

28

24

22

Duck

21

Breast Soup

24

2018

each -

28 20

18

Eggs, Hen (cooking)....

per doz. 89

23 24

22

鮮生

P1

40

80 35

Ib.

40

26

20

"

per set 15

10

12.

"

Tongue, freak.. Tongue, corned Head

each 65

50 60

60

$1.20

$1.20

Heart

Kump, Salt

"

34 20. 19

N

Feet

cach

B 10

12

*

Kidneys..

Tail

4 4

15 10

12

on an

29 20 22

#

Liver,

Ib.

24

18 - 14

Tripe

7 6

7

Steak

Steak Sirloin' Sausages

Bullock's Brains

Egge, Hen (fresh)

Fowls, Canton

***

Fowis, Hainan ..................... AD

Geese ...

| | | | | | ឌគន ខ៖ ៖ ] ≥ ៖ ឌឌ

#

Pigeons, Canton

白悔

each 56

Helhow

海口營

"J

Turkeys, Cock

*** Ib.

each

pair

each

Ib. 24 13 14

Turkeya, Hen

Snipa

Pheasant

Quail

Partridges

火雞

Of all the forms of Calves' Head & Foot.. H09 ·sat $1.20 $1.00 $1.00 little more enquiry is now coming waste which the investigators Mutton Chop wil from South America in finishing found, over 50 per cent. styles, sales of importance are directly attributable to manage- few and far between.

ment, less than 25 per The Near Eastern markets and labour, and the rest of the waste to

Certainly, causes. the Continent have again given a outside steady support in the finer nation where such a small proper fabrics of various kinds, and tion of industry is carried on ac- trade has again been mentioned cording to the best known practices for the Colonies. Business in does not deserve to be called

'efficient. American Yarns at the minimum.

(Philippine Islands),rates has been practically impos- Foreign Exchange and General Bank-gible and what trade has been ing business transacted.

Current Accounts opened and Fixed Deposits received for 1 year or shorter periode at rates which will be quoted on application.

J. R. GEORGE,

Manager, Hong Kong, 7th March, 1927,

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO). Incorporated by Special Imperial Charter, 1899.

Capital Subscribed

.Yen 45,000,000 dab, Dawber, Djokjakarta Capital (Paid-up)....Yen 39,375,000

Bay, Calcatta, Cheribu, Jid-

tagna'}

Kola-kailla,

Mudar, Padang Palombang, Pakalongan, Penang. HEAD OFFICE:-Taipeh, Formosa.

Postanak, Rangoon, flotterdam), Hamarang)

(Damalry).

Hibolga

ERILA (Boka), Tegal, Tjūnijap

and Weltevreden.")

• Thess often have safe deposit boxes to lot.

BRANCHES:

"JAPAN:---Tokyo, Yokohama,

Ünaka.

Kobe,

"

done, has been with outside ADVANCE, BRAZIL."

spinners.

MANILA P. O.

猪材奇猪 猪猪猪猪猪猪羊羊羊乳讎群牛牛 牛仔

48. 26

48 20

#

46

24.

46

31

35

Per set $

lb. 18

15

28

15 18

"

20 20

Almonds

each 16

10 10 15 10 8 60 80 24

Apples (California)

Bananas (bride's) Carambola

Coconnats Lemons, China

Lemons (America)

כן*

20.25 22

Persimmons, Large

莱抱名幕

14

នឌ គ អឌ គ ត ន នឌ | | | | | |

20

24

24

1919

191

៖៩។២២ន្ត | | | |

| | |

15

10

12

12

each 15

*12

lb.

32

Fruits.

was

"

Leg...

Shoulder

to cent.

Saddle

杏仁

ib.

60

96

Fig's Chitlings

A

金山停顛一

34

24

Brains

#

12

12

Feat

12

*

Fry

ench 14

10

Head

ib. 14

Heart

金山轉線

each 8

B

Kidneys

Licheca, Dried.

Liver

5. lb.

Oranges (Canton)

荔枝干 新會裁機

lb. 85

Pork Chop

36 25 28

Oranges

W

Leg

88 -

Loin

: 43

40

70

Pears (Canton) Peanuts

Fat er Lard

#

24

21

REPAYMENT OF LOANS TO BRITAIN.

Sheep's Head & Feet

per set-85.

60

70

· Plantain

M

Heart

each

12

7

Pumelo, Slam

Kidneys

15. 12 10

Walnuts

"

Liver

#

#1

46 28

25

Grapes

Bucking Pigs, to order. Ib. Suet, Beef

#

30 20

18

1

H

Venl

21

Mutton

Sausages

#

46 26 20

30 4020

20

19

20

พ.

No. 1.

$2

Fish.

鯨

60 19 24

#

Long

·Beet Root

16

Bitter 'Squash

30.

16

̇海鮮

Brinjala, Green

Red

10 27.

30

9

30

26

28

28

28

32 16

2

86 28

18

24 10

9

Carrots

12

Celery, Chinese

40

$2

2623.

60.

There are some highly important BIDS MAY BE ADVERTISED IN financial persons at present sup-

"Advance'

Brazil J MONTHS.

porting the movement, and in view of the South American revival which is now very Bids for the construction of the evident, in which Britons and proposed Post Office building in Americans are struggling for con- Manila, a long standing project of trolling influences, it will be well to the.Government, may be advertised watch the fortunes of the old Por

Some after three months according to tuguese oversees Empire. Mr. A. T. Sylvester, acting director months back holders of old-time

of public works. The 11 engineers scrip wore overjoyed to hear that Barbel and draftsmen of the bureau, as with the full reopening of the fiscal Bream

signed to do the revised plans of sinking fund repayment would start Canton Fresh (NO TRE

the building, have completed about for previously-made loans by Euro Water Fish.

90 per cent. of the plans,pean countries, including Britain.

The plans, however, may be The stabilisation of the milrels at Carp again delayed due to the unusually d. rather than 8d. is also an Indi-Catflib

London Bankers:-National Profincial Bank Lt | FORMOSA:¬Giran,... Kagi, Karenko, heavy work in store for public!cation that the national policies of Codish"

Correspondente ali over the world

Banking business of erary

davaription transacted.

--- Q. STERNSTHA

Hongkong, th July, 197,

Manager.

THE YOKOHAMA SPECIE BANK LIMITED,

Established 1880...

Capital (fully paid-up) Yen 100,000,000 Yen. 92,500,000 Reserve fund

Head Office-YOKOHAMA,

Branches and Agencies at:

Alexandria. Batavia Bombay, Buenos Ayres. ¦

Calcutta.

Canton.

·Changchun.

Dairen (Dalny).

Newchwang.

New York. Osaka Peking Rangoon

Rio de Janeiro." Balgon

San Francisco..

Fangtien (Mukden). Seattle,

Hamburg.

Hankow.

Harbin

Hong Kong.NE

Honolulu, MAD

Kai Yuan, Karachi.

Kobs.

London

Semarang. Shanghai Shimonoseki. Singapore. Soerabaya. Sydney Tients

It fa understood Brazilian leaders are "economie" in Crabs

Kehlung, Mekong, Nanto, Shin works officials. chiku, Talchu, Tainan, Takao, there are still '71 public works pro- the best sense. In the meantime Cattle Fish

Tamaui, Toen, Heito, Taito.jecta 'pending. CHINA: Shanghal, Hankow, Amoy,

Foochow, Swatow, Canton,

OTHERS Hong Kong, Singapore, Soerabaya, Semarang, Batavia, Bombay, London, New Calentta.

York,

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

THE BANK OF CHINA,

(Specially Authorised by Presidential Mandate of the Republic of China

on the 22nd of. November, 1917

The Bank Is Correspondents in the Commemia, Centre in the European Continent, Ramia, Han charla, Taingtao, Japan, Indo-China, Siam, India Philipples I-lands, data, Altica, an

intaront allowed on Ontrant accounts, Amp Authorised Capital Zixed Deponite at raion whiah-will be quoted on Paid-up Capital Application,

Reserve Fund,

T. TAKAGI

Manager.:

HONG KONG BRANCH: ANGELE

8, Des. Voeux Road Central Hong Kong, 7th May, 1928,

THE BANK OF CANTON, LTD.

Established Head Ober-Hong Honga

Paid. Up

HEAD OFFI

HONG

4. Queen's

Branches and Ching and Corres) #America; and

34London: Bánké „vincial, and

altable Front

$40

Dace.

Bonds of Brazil have shown a Dab wholesome disposition to go for ward. The 1888-4 per cents.

Dog Fish S which were quoted 55% in 1926, are: now at 70, with, a yield of 26 125. Eels, Conger

Fresh Wat the 1889 Fours have Increased 8 full points the 1895 Fives have

Yellow gone up 11 points; the 4 per cent. Frogs Rescissions by 10% points; the 1908

Garougia Fives by 11% polats; the 5-per cent. 1914 Funding Loan, which Gudgeon Away 767% In 1920, is now at 84, with Herrings

eld of 40. It is now a question, Halibut Argentina of watching Labrus And since the commercial Lasch of the country Intend to Lobsters

usat, cereais, sugar and cot-

ction vle with that of the Monk Fish

product (coffee), the pro

affair will interest more

the shipping houses. In Oysters

ara fourteen issues,

ing to about $115,000,000; Ferch of 41:888,000 will be « re- Pike. this year for the service of pla ind the average yield of the

stocks is 66 55:

WILL RELIEVE MOTHER'S FEARS:

sudden and severe

estinal painaandi Thoes pros!

.២ គ.៣

18 28

36 22 18 50-2224 55 22 21

Artichokes

Beans, Sprout

Vegetables, &c.

(Shanghai)

Cabbage, Chineze

Cene Shoots, bunch.

Cauliflower (Large) "5%;

(Medium).

(Small)

Chillies, Dried?

or Red

Green

Curry Stuff, English Cucumbers

Garlic,

Ginger, Young

Old Horseradish, Sha Indian Corn -

Lettuce Water Chestnuts

Mushrooms, Fresh

精芝

each

'.lb.'.

14

each 2

***

辣椒干

20

cach