HONG KONG AND SHANGHAI BARKING CORPORATION.
„Authoṛtarsi Dapital 2. 27. 29... $80,000,000
·Romąć su i Bully Paid-up ............... $30,000,000 $5 Rosésre Tunda 2-
Sterling
BİTOR
4080,500 #23,609,500
Kaserre Klibliity of: Proprietors....$20,000,000
HEAD OFFICE: HONGKONG,
"COUNT OF BINECTORS:—
Hon. Mr. D. a. M. Bernard, -
OVAKIA,
4. IT, Compton, Bey, Deputy Obituka.
W. IL Bell, Es
#.#. Brown Kəq.
行銀商工法中
BANQUE FRANCO-CHINOISE
pour le
Commerce et L'Industris · (Incorporated in France).
5, Chater Road, Victoria, Hong Kong.
THE CHINA MAIL.
HEAD OFFICE: 14, Rue St. Lazare, RICE EXPORTATIONS
Paris.
Special working capital..Fra.50,000,000
Reserves
,Frm.18,276,000
V. L. Patienden, Exp
T. Ú. Waall, isq.
+
iL. P. While, Maq, -
Parls
BRANCHES: Lyons Marsailles
Saigon
Halphong Hanoi
A. Maogowan, Kaq.
0.0, 8. Mackie, Esq.
Caist ManagUI
Hon. Mr. A. G Bynes.
ЗВАКОДКЕ:-
LONDON
LYONN
AMUT
BANDEUK
BATAVIA
-BOMBAY
PELLANTTA CANTON CH POO COLOMBO BAREN 2000 ΣΤΟΥ
EMIRROMG MELAMBUNG
• HANIOW HARRIN
HONGER
ILOILO
tron
JUHONE
KOBE
KUALA
LUMPUA
HALAGOA
MANILA
MOUKDEN
KAGASAKI NEW YORK
PAKING
PENANG
BANUDON
HAIGON
HAN FRANCISCU
BHANGHAI
BINGAPORE
SOUBASATA
HUNGRI PATANI
TIENTEIN
TOKYO
TINGTAO
YOKOHAMA
Current Accounis spened is Local Oserenoy and Fixed Deposils received for one year of shorter periode in Zoosi Currency and Steling sa tamun which will bequsted on applicwstan,
Hong Kong, 17th September, 1917.
HONGKONG SAVINGS BANK.
The Buelcom of the above Bank in con. dsound by the iONGKONG AKU HUANGHAI RANKING DOBYOBATION, Euin 2015 be obtained on application
FOR THE MONGKONG BHANGHAI BANKING CORPORATION.
4. С. Нуши,
Chlef Manager
Hongkong, 13h Haplember, 1787.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussman, Paris.
Subscribed Capital
.Frs.72,000,000,00
Peld-Up Capital .Fra.u8,400,000.00
Reserve Fund
.Fra.89,384,619.10
BRANCHES:
Напої
Bangkok
Pondicherry
Kour Shiron
Battambang Hong K
Canthe Mengtze
Shanghai
Canton Nami-Dinh Singapore
Dibouti
Noumen Tientsin
Fort-Bayard Papeete
Haiphong Itankow
Tourane
Péking Yunnanfù Prom-Peah
BANKERS:
• IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; Societe Generalo.
IN LONDON: The National Pro- vincial & Union Bank of England, Ltd; do Comptoir National d'Escompte Paris; Gredit Lyonnais.
IN NEW YORK: 1. P. Morgan & Co.; French American Banking Cor poration; Guaranty Trust Co. of New York,
Interest allowed ou Current Accounts
and Fixed Deposits according to
arrangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let
CH. LEM.
Manager. Hong Kong, 26th February, 1927.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
(NETHERLANDS TRADING SOČISTS)
Betablished 109.
Authorised Capitaļ ............................. Güllders 150.000,000 (£1,600,000) Paid-up Capital.engum Galider 80,000,000- 113,008,679) Borero Fund w................ Gelidag 40,000,000
(£1.333,332) Head Oxios:--AMSTERDAMN Enstars Hond UMOR:-BATAVIA. BRANCHES - Bandjarmasin, Bandonag), Bom-
ch, there The
Harta Labs, Hota-Radio, Modka, Padang Falembang, Pekalongan, Punnaga
Foulaask, Mangoon, Botterdam)
Peking
Shanghal Tientsin
Hongkong Paion Penh
BANKERS:
FRANCE:-Societe Generale, Banque Nationale de Credit, Banque da Paris et des Paya Bas. LONDON:--Midland Bank Ltd. NEW YORK: Irving Bank Columbia
Trust Co.
ATHILIPPINES.
COMMERCE
AND
FINANCE
1
MONDAY, OCTOBER 3, 1927.
BID FOR SILICA MINE. "President Lincoln for Seattle, HONG KONG TIDE.
Another left Manila for San Fran-jaket BO
GERMAN ATTEMPT
reasoris were given by
October 3 to 9, 1927.
DATI BIOR WATER| Lowen Warn
Brandard
cinco on September 29. The tide-table given below has There is this other advantage, been obtained by aid of the Tide- FAILS
says the "Manila Times": Subic has predicting Machine, which in- been made a port of call for all cludes 40 components for the bet- An attempt to corner the entire steamers affiliated with the Asso- ter prediction of tides, from the output of the Hope mines at Subic, ciated Steamship company. This result of the analysis of the tidal Zambales, the only silica mine in will make it possible to ship silica observations, taken at the time during the period under re- the Philippines and believed to be direct from the mines to users on Kaulung tidal observatory under view, but it is hoped that peace the best in the Orlent, was folled the Pacific coast of the United the direction of Dr. Doberek dur and prosperity will succeed die when Hugh F. Hutchison, discover | States.
Ing the years 1887, 1888, & 1889. Capital fully paid up....Fre.40,000,000 REMOVAL OF BAN_URGED IN appointment and gloom. Up-er, turned down the proposal of a
The times and heights are given Glass Export Later. country markets are known to hold German firm in China to purchase
for Kaulung; but they may be very small stocks, and, granted all the silica produced from the Hutchison Chemical Works, Inc. is and Aberdeen, the differences An auxiliary to the Hugh Fused for the Victoria Naval yard that normal; conditions return, they mine. The much-mooted question of will absorb what Shanghai has to A representative of the German in the process of formation. Mr. being very small, t whether to lift or not to lift the offer.
Arm made the trip to Manila ex-Hutchison said that there is big The times of high-and low ban on rice exportation, wherein
The Customs revenue of Shang-pressly for this purpose. When he meaty back to the movement to es- water must not be considered to both the secretary of agriculture hat, excluding famine relief surtax, aid down his proposal, Mr. Hut-tablish a brick factory and a glass coincide with the times of slack and natural resources and the increnaed by Hk. Tls. 6,682,449
factory. Fire clay will be produced water and change of current, the director of agriculture took the over 1926, an advance of Hk. Tls, chison turned it down.
for local consumption and for ex- two negative side, came to a head on 5,158,000 over the previous record Several Reasons Given.
phenomena being quite. September 19 (says the "Manila collection. The year, indeed, may
port. The firm hopea to export distinct. Several Times") when Cipriano E. Union, be said to have broken all previous Mr. Hutchison for not accepting the plate glase in due time.
The Hope mines were opened 18 secretary of commerce and com-records, for not only was this in- offer. One is that it would kill the
recommended to munications, Acting Governor General Gilmore history of Shanghai, but the re- get their supply here. Analysis mine in Panay in 1922.
crease the largest ever made in the opportunity of American usera to months ago. Its discoverer is the same man who found the phosphate that the restriction be done away
venue, with its ̈ Hk. Tls.32,700,000, made by the bureau of science with.
Mr. Unson's action is in line with took a larger percentage of the showed an average of 69.87 per
total collection for China. Shang-cent. silica. the suggestion made by Fidel Ahal's share has risen considerably Reyes, director of commerce and in-
This, according to Mr. Hutchison, dustry, who foresaw the decline of since, the beginning of the century, proves that there is no mine in
when it was about 31 per the rice industry unless the ban From 1920 onwards it has kept an China, or Japan, or anywhere with were lifted immediately. Rice pro- ducers have also been urging the average of 37.6 per cent, but thle in a radius of 10,000 miles from the cancellation of the restriction for year it amounted to no less than Philippines that can compare with 40.9 per cent. Converting the total the Hope mines. Mr. Hutchison be revenue into sterling at the Cus-lieves that his mine can supply the toma monthly exchange rates makes entire silica demand of the United the increase comparatively insigni- States for the next 20 years. The ficant £5,235,000, against first shipment left Manila on £5,055,000 in 1924. This is due to the decline in value of silver, the| average rates for the two years be- ing 6.32 and 5.45, rospectively. The sudden fall in exchange during the closing months of 1926, how- ever, had little effect on the re- venue, The collections for Novem- ber and December, when the Cus- toms rates of exchange were their highest, were smaller than for any other month except February,
Every description of Banking and Cor- Exchange Business Transacted, respondents throughout the world.
A ROLLIN,
Малакот, Hong Kong, 21st April, 1927.
some time.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Sees No Emergency, The rice crisis in 1919 was res Incorporated by Royal Chater, 1853.
HEAD OFFICE: LONDON. ponsible for the establishment of Paid-up Capital
£3,000,000 the ban. Secretary Unson belleves Reserve Fund .....
£4,000,000 that the emergency for which the restriction was decreed does not Reserve Liability of Proprie
tors
.£3,000,000 exist now and that there is no more need for enforcing such restriction. Director Reyes, in urging the lift- Ing of the ban, said:
Agencies and Branches:
ALOE STAR
(Malay Htatuaj
AMBITHAR
BANGKOK
BATAVIA BOMBAY CALCUTTA VANTON CAWNPORE
ORKU COLOMBO
DELHI HAIPHONG HAMBURG
HANKOW
HONG KONG
ILOILO
IPOH
KABAUIT
KLANO
КОВЕ
KUALA KANGSAR-
MADRAS
MANILA HRDAN NEW YORK PKKING PENANG РЕЗИДНАЯ PUKET RANGOON BAIGON *NEMABANO BEREMBAN BUANGHA BINGAPORE SQUBABAYA TAIPING (P...) TAVOT
TIENTSIN TOKYO
THINGTAO YOKOHAMA
48
cent.
at
"If things drag along as they do now and no remedy is found to bet ter the situation, it will prove the undoing of all that has been accom-¡ plished so far in the rice industry, Already many rice planters are showing signs of restlessness and The success of the year was due are contemplating to shift their in- to, brisk import trade during, the vestment to something more lucra- earlier months, and by the end of tive than the rice industry.
July the gain in revenue had al- "It has been said, and with good ready amounted to Hk. Tls.6,900,000 | reasons, that the rice farm offers over the corresponding period of very little
inducement to farm 1925. Of the total Increase for the labourers, which accounts for the year, five-sixtha were contributed continuous flow of the farm popu- by import duty, and larger importa- Foreign Exchange and General Bank-lation to cities and trade centres in tions were general among the main
search of a more profitable and articles of commerce. Current Accounts opened and Fized dignified' calling. With the lack of Doposita received for 1 year or shorter farm hands in the face of indiffer periods at rates which will be quoted ant capital, production would neces- sarily he impaired, and in the long run may precipitate a crisis. The price of rice now obtaining locally is ridiculously low and no sane man would continue investing in enterprise that gives him no return an
Perak, (2)
KUALA LUMPUR
KUCHING
ZAMBOANGA
ing businesa, transacted.
on application.
(Philippine Lainada)
Manager.
J. R. GEORGE,
Hong Kong, 7th March, 1927.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO).
HEAD OFFICE:-Taipeh,"Formosa.
Incorporated by Special Imperial Charter, 1899,
Central Bank in Formosa. issued Bank-Note.
Yen 45,000,000 Average amount ..
BRANCHES AND AGENCIES:
Osaka.
AN EMPIRE COUNCIL OF BUSINESS MEN,
Business men are giving, an sibilities. ever closer heed to Empire pos- Recently Sir Alfred
for his capital, when other more Mond put forth a strong case for lucrative fields lie open.
.*
October
At
Mon am 011 | 6.7:
No inferior E
4m 4:16 | 8.7
Zio inferior
Sta dard
Timos
AL
m8 48 15.0
Kointerior EW
m 10-318
Iwi No Inferior
6m 18 6.7 m. 49
No inferiore..
No inferior 0.5
COMFORT FOR THE AGED.
Tues Old people are easily tired out and weakened by coughing For them Wed. there is much comfort in a bottle of
"Thars a m It Chamberlain's Cough Remedy. stops those weakening coughs that keeps them awake nights and wear out Fri. *mb their strength. Every one knows it contains no narcotics. More bottien of Bat similar cough medicine.
used each year than of any
Sold every- Ban.
the where.
7:284.9
10
47:
6 m. 33 1.40874.2
8. 80 5.0
.1.571.6 #728 75m 1. 335.3."
30 1.8
835.1
HONG KONG MARKET PRODUCE.
Beef Sirloin
44
#
APPROXIMATE
Butcher Meat.
Sept. 28, June, June,
RETAIL PRICES.
Poultry.
80 81
1927. 1918. 1914.
Sept. 23, June, June,
Cte. Cir. Ctn,
1927. 1918, 1914.
Cia. Ct. Ct.
Ib.
28 24 12
Chicken'
Ib.
Prime Cat
23
29 12
Capons, Small
"
Corned
23
12
#
45
80
P
Н
Japons, Large
Roast
" 50 28.30
28
24
92
Duck
Breast
H
45 22 21
17
24 20
18
Doves
"Soup
anch
21
21
28
20 18
Steak
Eggs, Hen (cooking)
per dož, 30
"
28
24
29
Steak Sirloin
Eggs, Hen (fresh)
新鮮雞蛋
п
40 80 35
H
Sausages
Fowla, Canton
Ib.
J1
40 20 20
Bullock's Brains
Fowls, Hainan
per set 15
12
#
Tongue, fresh.
GOLFe
Tongue, corned 19 4
Head
Heart
M
Hump, Sait
Feat
Kidneys
»
Tall
Liver Tripe...
making the Empire an economic || » For Better Price.
unit such as the United States. "Conversely, the lifting of the Now we have Sir Hugo Hirst, on baa on the exportation of rice may behalf of the electrical industry, Calves' Head & Foot.. 48 prove to be a factor in bringing about a better price, which would arging that we should aim at Mutton Chop naturally encourage greater pro- securing not only the home mar- duction. Increased production ul ket but the Empire market. The timately means reduced cost, so economic possibilities of England, that in the final analysis It is not he said, are limited, those of the Pig's Chitlinge only the producer that is benefited Empire boundless, and so strong- Braina but producers and consumera: ly convinced la he of the contri-
JAPAN: Tokyo, Yokohama, Kobe, FORMOSA:-Giran, Kagi, Karenko, alike.”
Keelang, Makóng, Nanto, Shin- Secretary Apostol of agriculture bution electricity may make to chiku, Taichu, Tainan, Takao, and natural resources opposed the the resources of the Empire, the 1'amaul Toea, Helte, Taito.
lifting of the ban on the ground health and the wealth of its CHINA: Shanghai, Hankow, Amoy, that the islands are not prepared to peoples, that he suggests the crea-
Foochow, Swatow, Canten.
export even part of its rice to for- tion of a council of business men OTHERS:--Hong Kong, Singapore, eign countries. Dr. Stanton Young- to devise an Empire policy.
Soerabaya, Semarang, Batavia, Bombay, Calcutta, London, Newberg, director of agriculture took the same stand, stating that indies- York, Dairen.
tions point to a decreased output
LONDON BANKERS:
The London County Westminster and next season.
Farr's Bank.
The Bank has Correspondenta in the Commercial Centres in the European Gọntinent, Basia, Mea churia, Tringtao, Japan, Indo-China, Siam, India Philippine Islanda, Java, Africa, UB.A., Australia, interest allowed on Current Accocats, and Fixed Deposits at rates which will be quoted on | application, Deposita in Yan can be accepted
J. IHARA,
Manager.
HONG KONG BRANCH:
9, Des Voeux Road Central Hong Kong, 22nd September, 1927.
THE BANK OF CHINA. 行銀國中
+
LARGE SILVER RESERVES.
4
Throughout the uncertain period anything in the nature of financial panic was prevented chiefly by the large reserves of silver kept in Shanghai. These were far greater than in previous years, and, in September were estimated to be Shanghai Tis. 30,000,000 more than in 1925. A new factor arcas, however, albeit one not altogether unforeseen, to add still further to the difficulties of trade. The silver exchange had tended to weaken since the begin- ning of July. In September, rates| fell rapidly, and, the lowest price $30,000,000.00 of silver was reached on October 18,278,600.00 19, after a drop of 4d, in less than 9,029,425.24 five weeks. The foreign cross- rates followed the price of silver, little improvement being seen for the remainder of the year: This sudden fall in exchange would Branches and Sub-branches all over have proved as advantageous to THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe, the export market as it was
Samarang), Bhangbai, Hibsigs| (Hamatra Boorabain. Bours- karta. (Holo), Tigal, Slatjap and Ifeltorraden."}"
·J Azima oMess have nato dopodi bozes te ist
Landon Bankers --Mational Provincial Bank Ltd. Correspondenta all over the wozid
Banking business of erasy
descripten transacted,
4
O. UTSENSTHA
Hongkong, Ina July, 1927.
LIMITED,
Manager.
Established: 1880.
Capital (fully paid-ap) 'Yen 100,000,000 Reserve fund
Yon. 93,590,000
Head Office:-YOKOHAMA,
Branches and Agencies at:
Newchwang Now York. Ozaka. Peking.3. Kangoon.
· Kjo da, Janairo, Saigon "Ban Francisco,“
(Makden); Seattle."
emarang, Shangbal
Tokyo.
(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917).
Authorised Capital Paid-up Capital .. Reserve Fund
HEAD OFFICE: PEKING.
HONG KONG BRANCH:
4. Queen's Road Central.
America, and other parts of the world, disastrous to importers had it not London Bankers: The National Pro- been for the great difficulty ex- vincial and Union Bank of England, pertenced in obtaining supplies. Lidd
Only a few industries, notably silk The Guaranty
Trust Company of spinning, were able to benefit from New York.
New York Bankers: The Irving the Increased prices that the low National Bank.
exchange would allow them to com The Equitable Trust Company of mand New York
At the close of the year, pros Interest allowed on Current Accounts pects seemed worse than at any and Fixed Deposits, Terms on applica-
Every
very description of Banking Busi- THE BANK OF EAST ASIA, LTD. ness transacted
Loans granted or approved securities HEAD OFFICE: HONGKON Special facilities for Home Exchange: 10, Des Voeux Road Central Hongkong.
ASHOU S. CHENJERS
« Authorized Capital ::
Manager.
THE BANK OF CANTON, LTD.
Established 1912) Head Offices-Hong Kong.
Paid-up Capital,
Reserve
BRANCHES AND AGENCI
Batavia Melbourne San Francisco Bombay Nagasaki'
Calcutta New York.
Canton 2002 Oraks Haiphong Paris" Honolulu
Peking:
Pegang
says!
"When I think of all the Empire might be, I wonder sometimes whether the time
"
Leg.....
Shot Mer
93
17
Saddle
has not arrived that a council Sheep's Head & Fest..
•
RFEFERBSTKOBECHEROBESSERE
10 each 05 50 60
lb. 24 18 14
$1,20-
60 ---$1.20
-
84 20 18
each
8 10 12.
Pigeons, Canton
H
Hothow
Turkeys, Cock
15 10 12 20 22
Turkeys, Hen Snipe Pheasant
Quail Partridges
jb.
24 18 -14
7
T
ast $1.20 $1.00 $1.00
Coosanuta
Lemons, China...
Pears (Canton) Peanuts
lb.
48 26
48 23
W
46 24
46
C
86
27
Almonds Apples (California)
Feat
·Per set. 8.
1b. 18 15
Bananas (brido's) Carambola-
Fry
28 15
18
Head
16 20
Heart
#
sach 15
Kidneys
10 15 10
10,
Lemons (America)
Lichees, Dried
Liver
Ib 62. 30. 24
He
Pork Chop
排骨
86 25" 23
4
П
Oranges (Canton) Oranges
-
Leg
Loin
#
.36 .40
60 70
Fat or Lard
Persimmons, Large
par set 85
60
70
Piontain
each ** 12 8
15: 13
Fumelo, Blam
10
Walnuts
46
26
26
20 25
22
Grapes
牛路
80 20
18
#*#
26
4
19
Sausager
90
Beans,
24
Best Boot
20 10
16
27
of business men-men of vision
and imagination-assisted by a
few well chosen men of science,
#
*
Heart
#+
Kidneys
Liver
might be appointed (just a few Backing Pigs, to order. from every Dominion and De- Boot, Beef. pendency to confer with a few Mutton such business men appointed Ven! here, of course, under the sus- pices of the respective Govern- ments), for the purpose of studying and recommending finally to the public and their Barbel respective Governments a rent Breaza and scientifically. determined Canton Fresh Empire policy. If they could only agree on certain broad Water Fish. principles, which I think they Carp could, a lead would be given on Catfish which foundations could be Codfish. built. Their consideration Crabs : should be on the broadest lines Cattle Fish and embrace the needs of fin-Dab ance, agriculture, trade and Dace. industry. Without some co-Dog Fish ordination, the problem wili | Eels, Congy get more and more difficult.
Fresh Wa The findings of such a non- Yello Party Political Council of Busi Proge ness Men might advance the caroupa work of Imperial Conferences Gudgeon by twenty years, Just to give Herrings one Instance in which we are Halibut concerned: I realise the need rabron for some of the Dominions Each starting their own industries:
So long as they are primary in- Mack dustries which busy them- Monk selves mainly with the improve ment of the values of local raw materials, they are legitimate, they are good for the Empire, ch and they deserve all the en-s couragement with their Gov ernments can give them.
On the other hand, in the starting of secondary industries “at random in every corner of the Empire, Sir Hugo Hirst dete 6.dabrar to Empire efficAIM
Fish.
鄉
EE DRE € 8216 ER #FDENEZERR *
23 28
28
::-10
108
4018
# #
89891 88 89 888 ||JIT
1 SENZA CESSAC A DE
Fruits.
"
50
etch 55
30
Vegetables, &c.
Bittef Squash,
Brinjals, Green
Red
Cabbage, Chinese
Cana Shoots, bunch Cauliflower (Large)
(Medium):
(Small).
Carro
Cale
80
15
Ginger
hanghai)
8ཧྨ༤ཐམ་ཀ བ 1:|:རྣ མ ཞ གE
*********8 583) DÍLN
10
20
24
24
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