1927-09-21 — Page 2

HONG KONG AND SHANGHAI

BANKING CORPORATION. "

· Authorfandi Gaplias.

Doget and Fully Paldap... vor

Seserys Fander

Sterling emerges a sense £1,500,000 Aller..............813,801,000

$60,000,000 8:30,000,000.

Beserve Liability of Propriatomi « « »@00,000,000

HRAD OPTICE) HONGKONG.

COURT OF DIRECTORS♪~ Lion. Mr. D. G. M. Barnard,

Chairman,

行粜商工法中

BANQUE FRANCO-CHINOISE

pour le

Commerce et L'Industrie (Incorporated in France).

5, Chater Road, Victoria, Hong Kong, HEAD OFFICE: 74, Rue St. Lazaro, Paris.

Capital fully paid up....Fra40,000,000 Special working capital..Frs.50,000,000 ..Frs.18,270,000 Reserves ..

▲, 11, Compton, Esq. Deputy Chairman.

IV. EL. Bell, Maq

W. I. Pattendon, Req.

M. B. Brown Kag.

TG. Weall, Req.

Paris

Saigon

Peking

A. Macgowan, Ke

0.0, 6. Mackie, Est,

AMUY

16. 1", White, Mg

Uklet Manager

Iton. Mr. A. M. Klynek.

BANGZUE HATAVIA BOMBAY CALOUTES GANTUN UNEPOO COLOMBO

PAIKEN

VOOCHOWI

HAIPHONO

NAMBURO

BANKOW

BABRIN

BŪNUKEW

KLAYLO

[FD11

JODOWE

кови

KUALA

LUMPUR

BRANUNEN

LAINDON LYONS MALACCA MANILA *MOURDEN KAUASAHI

NEW YORK.

PANING

PENANG

SLANGGON BAIGON

SAN FRANCISCO

BUANQILAY SINGAPORE

SOURADAYA

BUNGKI PATANI TIENTUIN

TOKYO

THINGTAO

YOKOHAMA

Current Accounts opened in 13 res sad Fixed Depodle scaled for one year aborter periods in Local Currency and Starling on temni which will be quoted on appbation,

Ko Hong, 15th September, 1917.

HONGKONG SAVINGS BANK.

The Businem of in Khoya Baust is con- dacted by the HONGKONG AND BUANGHAI BANKING CORPORATION, Bales may be abcaisad on application

FOR THE HONGKONG & BHANGHAI BANKING CORPORATION,

1. U. Hyman. Ciel Manager

Hongkong, 13th Neptember, 1927.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital

..Fra.72,000,000,00

Paid-Up Capital

..Fræ.68,400,000.00

Reserve Fund

-Frz.89,384,519.10

BRANCHES:

Bangkok

Hanoi

Pondicherry Battambang Hong Kong Baigon

Canthe Mongtze Shanghai

Camon

Dijbouti

Num-Dinh Singapore Noumen

Fort-Buyard Papeete Haiphong Peking Bankow Phnom Penh

BANKERS:

Tientsin

Touraze Yunnanfu

IN. FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commarcial; Soclete Generale.

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

BRANCHES: Lyons. Marseilles

Haiphong Hanoi

Shanghai Tientsin Hongkong Fon Penh

BANKERS: FRANCE: Societe Generale, Banque Nationale de Credit, Banque do 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, 1853.

£9,000,000

HEAD OFFICE: LONDON, Paid-up Capitai Reserve Fund Reserve Liability of Proprie-

tors

£4,000,000 ...£3,000,000

Agencies and Branches:

ALOR STAK

(Malay this) AMRITSAR

BANGKOK

BATAVIA BOMBAY CALCUTTA DANTON CAWNFORE CREU COLUMBO

DELHI TAIPID G

HAMBURG HANKOW HONGKON 110110

ТРОП

KAHACHI

KLANG

КОВЕ

KUALA KANGSAR

Perak, (F.1.9.

KUALA LUMPUR KUCHING

MADRAS

MANILA MEDAN NEW YORK PEKING PENANG PESHAWAR PUHET DANGOGN HAIGON SEMARANG BKREMBAN 8BANGHAI SINGATOLE BOUILABAYA TAIPING

TAVOY TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA ZAMBOANGA

(Philippine Jalanda)

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 on application.

sted

J. R. GEORGE,

Manager. Hong Kong, 7th March, 1927. THE BANK OF TAIWAN, LTD.

{TAIWAN GINKO).

Incorporated by Special Imperial Charter, 1899.

Capital Subscribed....Yon 45,000,000

IN NEW YORK: J. P. Morgan & Capital (Paid-up) ... , Yen 89,375,000 Co.; French American Banking Cor poration; Guaranty Trust Co. of New HEAD OFFICE:-Taipoh, Fermose, Irtk.

BRANCHES:

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

Every description of Banking and

Exchange Busless transacted. Safe Deposit Boxes to let.

CH. LEM,

Manager, Hong Kong, 20th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

INETHERLANDS TRADING BOCIETY)

BANKERS

Established 125L

Hong Kong (1-11 Queen's Road Costral

: Authorised Capital ........... Guilders 180,000,000

(043,000,000) Pald-Up Gapliad mar coses Quid,000,000

*(£20,206,670.) Hanura Fund'Oeildars 60,000,000-

(22303,155.).

Häd Offcs:—ABETERDAN”), Eastern Head QM50s!~BATAVIA.

Овака,

JAPAN TRADE.

LOCAL CONSULAR REPORT,

THE CHINA MAIL.

Bus-

COMMERCE

AND

FINANCE.

was paid during the month of July list was

Tone.

Federated Halay States Straits Settlements

7,840

1,710

Jabora

3,163

1,187. 411 143

19,894

Kedah Kelantan Trengganu

WEDNESDAY, SEPTEMBER 21, 1927.

European Consumption. From the Board of Trade' liguran to, end July of rubber imports to home ports, Mesars, Bymington and Sinclair calculate United Kingdom consumption for the first seven months of the year to have amount ed to 25,635 tons; against 23,629 tons in 1926. The deliveries to home trade for July were disap pointingly small at only 1,228 tons, against 5,505 tons in June.

Total exports from the United Kingdom from Jan. 1-to end July are 47,107 tons, against 32.745 tons for the same period last year. In round figures, 4,000 tons more have gone to the USA., 600 tons to tons to Germany, and 8,750 tons to Belgium, 1,000 tons to Italy, 4,600 Russia. The increase in European consumption will certainly have an important bearing on the statistics at the end of the year.

American Consumption.

HONG KONG TIDE.

The Hide-table given below has been obtained by aid of the Tide- predicting Machine, which in- cludes 40 components for the bet ter prediction of tides, from the result of the analysis of the tidal observations, taken at the Kaulung tidal observatory under the direction of Dr. Doberck dur ing the years 1887, 1888, & 1889.

The times and heights are given. for Kaulung, but they may be used for the Victoria Naval yard and Aberdeen, the differences being very small, be

water must not be considered to The times of high-and low- coincide with the times of slack. water and change of current, the two phenomena being quite

distinct."

88,667 37,087 98,488 64,896

DATE

Sept

September 20 to 20, 1927.

HIGH WATER | Lower Watza

Standard

Standard He Times f

Timos

H

40,586 38,244 Taes 40 m 4. 14 | 8.5 8. 6 6.0

8 30.0.0

0.104 2.0

10.30 a 4.8

10 a 1,8

m0

B BIA 1.1 149 1.7 33 7.0 1 1 44

The month's figure, when com. pared with that of July, 1926, Wed. 11m 6.39 6.6 shows an increase of nearly 2,000

Thurs 21 tons. The total consumption for the first seven months of 1927 was Fri, 13 m 231,219 tons, compared with 214,602 tons for 1926, showing an increase Eat 34 m2 5 25 7.1 m

Stocks have increased Ban. 25 m 8 7 7.1 m3 36 1 3 34 11.0 of consumption of nearly 17,000 tons. nearly $4,000 tons, during the same Mon. 18 m 946 8.9 m. 3. 11 2.9

pretext of the abolition of likin, was to increase as from August" 1 the import duty and surtax to 30 Fér cont, on luxurios, 121⁄2 per cent. The official estimate of the on other articles and to impose an balance of unutilised export credits Internal tax of $1.60 per cans on carried forward to August is: petroleum. Needless to say, the The financial market being con- receipts from these illegal taxes Federated Malay States, 7,281 tinually easy, the Japanese Gov- will be devoted not to the benefit of tons; Straits Settlemente; 2,638; ernment, with the object of inflate the country but to equip the Na- Johore, 1,278; Kedah, 15; Kelar ing the Prefectural district with tionalist armies for further war tan, 1,484; total, 12,856. the necessary funds, has decided fare. The effect of these proposals Credits issued, in July were as to defray from the Deposit Depart has already been to sap the con- undor: Federated Malay States ment of the Finance Office on Adence of traders in Shanghai and 258 tons; Straits Settlements, 28; to prevent the Chinese dealers Johore, 201; Kedah, 19; Kelantan, September 6 the total sum of

110,000,000 to the Prefectural au placing orders for foreign goods for 16; total, 522, thorities. Of this sum, Y60,000,000 fear of further impositions. It is Trengganu figures of unutilized

July, July, 1927. 1920 Is to be utilised for the refunding true that Chiang cannot enforce rights and credits in July are not

Consumption ..Tons 29,219 25,677 of the local high-rate loans and these proposals in the International yet available: Y50,000,000 ls to be used for the re- Settlement, Lt Chinese have very To the above official figures we Arrivals lief of the silk traders who suffer-

I may note that the total exports for Stock ed from the continual heavy decline effecive means of terrorising

no attempt is made to deal with this the first quarter of the fifth restric| Afloat In the silk markets.

Consequently, it is expected that economic stranglehold residents in tion year (November, 1928, to end the agricultural districts will be Shanghai, according to the F.B.I. January this year) was 106,488 the second quarter grently relieved of tightness in the correspondent, can see no ultimate tons; for money market and that the read-alternative for British firma and 98,689 tons, and for the third quar- Justment measures for the panic-individuals in that city except to ter, to end July last, 88,375 tons. withdraw, in which case hundreds stricken banks, which have

of British subjects will be faced Imports for the corresponding pended their business for the past with absolute ruin, and the des- periode were 41,918 tons, 42,228 months, are being accelerated to a great extent. The realisation of the patch of the defence force, so far tons and 42,894 tons; exports from as concerns British property and the restriction area only during the new banking programme is within trading interests, will have been in same periods were 70,824 tons, Bight.

In the field of foreign trade, the vain. It is held to be very desir-64,399 tons and 62,451 tons. result is rather satisfactory, with able that in this matter we should a sign of the removal of the busi- make every effort to work in co- operation with Japan. The Chinese ness depression. Trade figures market is of as great importance to show an increase if Y17,000,000 in Japan as the British Empire is to exports and a decrease of Y14,000,- Great Britain, and Mr. Yoshizawa, 000 in importa, as compared with the Japanese Minister in Peking, those of the corresponding periods has already discussed the matter of the preceding year, represent informally with representatives of While ing an excess of export by Y80,000,- the Nanking Government. 000 over import, and in sympathy what passed has not been dix. with the satisfactory trend of the closed, it is instructive to note that

stock market foreign trade the

he has talked to the Prurs of the which have been dull these months necessity for "devising adequate Beef Siricin began to be hopeful.

counter measures." The Japanese Press is following the situation with keen attention, and one of the most influential newspapers, the "Ji Shimpo." proposes an agree- ment between Great Britain and Japan to ensure 'greater unity of action in China for the purpose of protecting their predominant in- terests.

FOREIGN TRADE IN SHANGHAI.

ATTEMPT TO COERCE THE POWERS

RUBBER REVIEW.

STATISTICAL POSITION

IMPROVES.

14

period.

| 9:106 | 6.3 ||03|13% | 1.7

SEN 5,5

101.18.0

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Sept. 10, June, June,

1927. 1918. 1014.

Cts. Cts. Cts.

BY

Poultry,

Sept. 18; June, June,

1927. 1918. 1914. --

Cta. Cis. Ct.

4

Ib. 28 24 14

Chicken

16.

5030 81

Prime Cat

28 23 12

Capons, Small

60

28

80

23 12

Corned

FI

Sapons, Large

55

I

28

30

Roast

28

24

22

Duck

40

22 21

+

Breast

24 20 18

Bach

1

221

26

2018.

Eggs, Hen (cooking)..

per doz. 80

18

28 24 22

Eggs, Hen (fresh)

80

25420

40 80

85

Fowla, Canton

* 1.

8K

86

24

40

26

20

Fowls, ExtraI

40 36 24

par set 15

10 12

Geore

45 24 24

Pigeons, Canton

each 65 80

82

28

Ib.

→ Soup

Steak

#E

H

Steak Sirloin ... Sausages

Bullock's Brains

Tongde, fresh..

Tongue, corned

Head

Heart Humap, Sult Foot

Kidneys

Tall

Liver

Trips

*Leg

29

Shoulder

Saddle

D

+

Doves

each 65 60

80

$1.20 -$1.29

Jb. 24 18 14 .84 20 18 each 8 10 18

Hethow...

Turkeys, Cock Turkeys, Hen

Sulpe

พ.

20

15 20 12 28

12

Ib. 24.18 14

7 B

WM set $1.20 $1.00 $1.00

排骨 16.

48 26

48 26

A report from the Federation of British Industries' Shanghai repre- sentative reveals the serious results likely to ensue from the illegal ac- tion of the Nanking Government in levying additional import and ex- port duties in Shanghal unless the Powers take a firm stand against

A review of the London rubber his flagrant violation of the exist- ing treaties. To appreciate the market of an optimistic character full significance of this deliberate has been issued by Messrs. Chas. attempt to coerce the Powers, it must be remembered that when the Hope & Son. In the opening para-

graph they state that the statisti- Calves' Head & Foet... advance cal position having improved they Mutton Chop Southerners began their towards the North they made many are led to profess encouraging promises to their followers, the big-sentiments, and also because they gest being the capture of Shanghai, find "that a report which prognosti- which the soldiers expected to be cates higher prices in the futura able to loot as they thought fit. The usually meets with a better recep- Fig's Chitlings timely arrival of the defence force tion and more general approbation." prevented this, and General Chiang When stocks are large it is prob Kai-shek,, after expressing "pained able price leval should prove to be surprise," withdrew to Nanking, more easily lowered than raised. where he set up a Government op But there are signs to justify the posed to Hankow. Having failed to expectation of a slow but steady carry out his promise in regard to appreciaion in values. Except in Shanghal, he has ever since been very abnormal conditions no com OTHERS:-Hong Kong, Singapore, scheming to secure control of this medity will for long show a coin- Pork Chop

Soerabaya, Semarang, Batavia, important centre by the simple ex- cidence of falling stocks and fall- Bombay, London, New York, pedient of strangling its trade. His ing prices. For the remainder of first movement was to exhort the this year and the beginning of Chinese not to buy foreign goods. next year stocks ahould, on balance, This was followed by the imposition continue to be reduced, especially Sheep's Head & Feat..## per set 85 of a 21⁄2 per cent, surtax on all im- as the bogey of old unused coupons ports and & per cent. on practically now no longer overshadows the everything of foreign origin. A market. They think that it may further announcement was that ad- be fairly safely assumed that over ditional surtaxes would be levied

a period rubber produced in and Sucking Pigs, to order.

Suet, Beet as follows:-2% per cent, on ports, 50 per cent, on tobacco, $1 shipped from Malaya will not ex- ceed the permitted quota which is per ton on coal and an increase in at present about 17,000 tons per Veal tonnage duos by 50 per cent, while month. For the permitted quota a still later proposal, made under to be exceeded it would be neces

sary for rubber to be smuggled, and extra precautions are being

JAPAN: Tokyo, Yokohama, Kobe, FORMOSA:-Giran, Kagi, Karenko, Keelung, Makong. Nante, Shin- chiku, Talchu, Tainan, Tako, Tamsui, Toca, Heito, Taito. CHINA: Shanghai, Hankow, Amoy,

Foochow, Swatow, Canten.

Calcutta.

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

The Bank has Correspondents in the Commercia, Cantess la the European Continent, Bands, Ma churia, Tsingiss, Japan, Indo-China, Slam, India Pallippins Inlanda, Fára, Africa, &c.

Interest Allowed en Corront Accents, ap Fixed Deposits at eates which will be quoted on Application.

T. TAKAGI

"Maager..

HONG KONG BRANCH:

8. Des Voeux Road Central, Hong Kong, 7th May, 1926. ̧

BRANCHES BandJamais, Rendons), Bog: THE BANK OF CANTON, LTD.

bay, Calcutta beribon 3:1. dah, jember, Djokjakaria), The Kab. Kota-Badja, Here'

Padasy Modas, Palabang, Pakalongan, Ponass, Pontianak Bangoon, Botterdam Hamarang, Shanghai, Sibolga (Bama Boarabala, Bot karta (Bolo ), Togai, zilazijap and Weltevreden.")

"These ces baye safe deposit boxes to let.

London Konkursi-National Provincini Bank Lid.

Correspondents all over the world

Banking business, of arOST

description trumacted.

O. STEINSTELA

Hongkong, 30th July, 1927.

Макарат

THE YOKOHAMA SPECIE BANK,

LIMITED. •

Established 1880.

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

Yen 96,500,000

Head Office-YOKOHAMA.

Branches and Agencles at: Alexandria, ANG Newchwang. Batavia

New York. Csakn, Peking.

angoon.

Bombay.

Buenos Ayres, j

Calcutta.

Canton.

Changchim.

Saigon,

Dairen (Dalny)}.8 San Francisco. Fongtian (Mukden). Seattle,

Hamburg

Hankow

Harbin,:~) Hopg Bang Honolulu, KaiYuen, Karachi

Labe, My

Bemaran

nonoseki,"

Established 1912. ***

Hand Office: Hong Kong,

Authorised Capital (HK, Currency). 11,000,000 .Paid Up_Uspital event

850,000

BRANCHES:

Carton Shanghai, Hankow, Swatow, Bangkok, New York and Ban Francisco,

LONDON BANKERS.

The Lloyd's Bank Limited.

CORRESPONDENTH

Iatail principal cities of the World.-

ex-

THE BANK OF EAST ASIA, LTD. taken to insure that rubber shall

HEAD OFFICE: HONG KONG..

10, Des Voeux Road Central, Hong Kong

Authorised Capital Faid-Up Capital

Reserva

Brains

#

Feat

Fiy..

h

Head

"

3

#

Heart Kidneys Elver

*

Leg

Loin

Fat or Lard

רי

10

Heart

Kidneys Liver

not be smuggled out of the Reatric Barbel tion Area. Little doubt exists that Bream some rubber entered as produce of the Dutch East Indies had previous Canton Freeb "Water Fish." $10,000,000 ly been smuggled out of Malaya.

5,000,000 Having noted output figures the.re- Carp 1,200,000 view states that the statistical post-Catfish tlon is very much better than Codfish was even two months ago, but al- Crabs though there is every justification Cattis Flab for a steady Improvement in price,: Dab

Singa

BRANCHES AND AGENCIES:-

Melbourne San Francisco Batavia Bombay

Nagasaki Seattle Calcutta New York Semarang

Ozako Canton

Patis Halphong Foreign exchange and banking budinous of

Honolulu Peking svery descriptios trápsscledu ankarastan!

Sydney * Bals Deposit Beton (various sime) at a yearly. | Kabe

Penang Taineh rental of from 15 to 148.

Kowloon

Tientain Rangoon LOOK POONG SHAN, 7

London Suigon Tokyo Manila Shanghai

· Chief Manager, S Hong Kong, 19th February, 1927.

THE BANK OF CHINA.

行銀國中

*Correspondents

dients in all principal cities

of the world! ར་་། ་

Every description of Banking and Exchange business transacted, Loans Kranted on approved securities,

SAFE DEPOSIT BOXES to let

SNARKAN TONG" "PO."

Chief Manager... Hong Kong, 21st March, 1927.

(Specially Authorised by Presidential fandate of the Republic of China on the 22nd of November, 1917).

500,000,000.00 18,278,600.00

0,629,426.24 THE

Authorized Capital Paid-up Capital Beserve Fand

19

HEAD OFFICE: PEKING.

KONG BRANCHES

4. Queen's Road Central, valid Brasches and Sub-branches all over Chins and Correspondents in Europe, Amerios, and other parts of the world.

London Bankers: The National Pro vincial and Union Bank of England.

Guaranty Trust New York Bo New York

National Bank

Company

*** BEEBBBBBBBBBT+H+RAKEE 中单杆任

Pheasant

Quail Partridges

Almonda

Apples (California) '

Bananas (brkle's)

Carambola

新鮮室

B

Fruits.

40-924

#

40:

35

11

Per set 3

18 15

28

15

18

Coocanate

each 12

16 20

Lemons, China

each 15

10

10

Lemons (America)

15. 10

金山檸檬

Lichees, Dried

52 80

24

排

Oranges. (Canton)

96

26

23

荔枝干 新會證

1b.

Oranges

36

Pears (Canton)

40 60 70

Peanuts

24. 21

:00

70

Plantain

ench 128

+15 12 10

Walnuta

46

26 25

20 25 29

Grazies

80

20

18

190

20

Persimmons, Large

Pumelo, Siazz

Artichokes

Beans, Sprout

Beet Boot

Long

紅

Vegetables, &c.

Cabbage, Chinasa

Mutton

Sausages

и

No.

Fish.

Bitter Squash

is

16

Brinjala, Green

·16 27

Red

12

9

42 20 25

(Shanghai)

80 28

26

Cane Shoots, bunch

28 16

2

16

10

9

10

Carrots

86 10:

Celery, Chinese:

20 10 42 26 30

18

Chillies, Dried

Bed

82

25%

Green

4080

"Curry Stuff

18

16

Ginge

It is unlikely that there will be any rapid rise unless there is a sudden Dace increase in consumption, or it is Dog Fish- found that a short position has Zela, Conger been created in the U.S.A., Stock

**Fresh Water als is well held, and importers are

Yellow! not ikely to be in a hurry, to sell, ogs even at some advance in price, but will wait for Agures "well above Garoupa present prices." They are encour- Gudgeon aged in their views by the figures of Herrings world consumption, which for 1927 Halibut should exceed, most estimates, and bras should be over 600,000 tone. If Loach the more or less normal Increase of Lobste 10 per cent, takes place in consump tion in 1928 the year's absorption Mackerel

MERCANTILE BANK OF would be 660,000 tons, and unless Monk Fish

INDIA, LTD.

VGA HEAD OFFTUE:

13, Graceebarah Mirosd, London, Bi

ised Capital

production is stimulated by higher Mallet pricea that figure is about present potential world production. The Parrot conclusion arrived at, in the opinion Pack of the firm, is that the position war rants the optimiam which it at pre sent exhibited in nearly all reports on the market. We need not look Tor a repetition of the hil

at the end of 1925, as it 15

the factor ofą tim is the used and cur TAW

Pb Plaice

Cauliflower (Large)

(Medium), (Small)

K

18

INH |

[[ 1 ] 9° 981219]||

||