1927-10-13 — Page 2

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised Caplini..

Zarept and Fully Pald-up

$960,000, GXI $30,000,000

Sterling

many s'en

...,000,00

Beserta Pande ami

Honoree Liability of Proprietors....893,000,000

HEAD OFFICE: HONGKONG..

GOLET OF DIAKUTORS:—

Jom, Mr. D), Ò. M. Bernard,

1. 1. Compton, Ms. Deputy Chairman.

W. II. Ball, Kay. N24, Brown Reg.

"A. Margowan, Kaj.

0.0, 8. Mackio, K

W, I., Palkandan, Kaq,

T, G. Wand), Reg.

ile P. White, Esq.

Untel Manager

Ifon. Mr. A. O. Miyauni

AMUY

MANUKOE

BATAVIA

BUMBAY

CALOUTTA DANTON

CHEFOO

ORROTOO

DAULIN

POOCHOWI HAIPHONG

HAMBURG

HANHOW

ADHIN

MONOKEW

ILOILO

ПРОЦ

JOHORE

KOHE

KUALA

LUMPUR

ВЕАНОЛКИ

LONDON

LYONS

HALAUCA

MANILA

MOUKDEN NAGASAKI NEW YORK

PEKINO PENANG

BAHUDOR

BAIGON.

HAN FRANCISCO

SHANGHAI

SINGAPOUS

SOURABAYA BUNORI PAZANI TIKKTHIN

TUXTO

TYINGTAŬ

YOKOHAMA

Current Amcventa opened in Local Currency and Mixed Deposits received for one your or skurter periode in Local Commnny nad Barling, na serma wilch will bequoted on application.

Hong Kong, 12th September, 1917.

HONGKONG SAVINGS BANK.

The Business of time abore Bank is com insted by the (ONUKUNG AND SHANGHAI BANKING CORPORATION. Hales may be obtained as applicatio

FOR THR HONGKONG & BILANCHMAL BANKING CORPORATION,

A. C. Hynes,

Chief Manager

Hongkong, 13 Heptember, 2987.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

6, Boulevard Haussman, Faris.

Bubscribed Capital ...Fra.72,000,000.00 ...‚Fra.68,400,000.00

Paid-Up Capital Reserve Fund.......Fr.89,884,519.10

Bangkok

BRANCHES:

Напої

Pondicherry Battambang Hong Kong Saigon

Cantiu blengtze Shanghai

Lanton

Dibouti

Hu

Quav

Nani-Dinh Singapore Noumen

Furt-Bayard Papcelo

Fuking thau-Tỉnh

BANKERS:

Tiontaln

Tourube Yunnanfu

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industrial et Commercial; Sociote Generale,

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

IN NEW YORK; J. P. Morgan &

行跟商工法中

BANQUE FRANCO-CHINOISE pour le

Commerce et L'Industrie (Incorporated in France);

5. Chater Road, Victoria, Hong Kong.

HEAD OFFICE: 74, Nus St. Lazare, Paris

Copital fully paid up ....Frs.40,000,000 Special working capital..Fri.50,000,000 Reserves

...Fra.13,270,000

Paris Salgun Puking

BRANCHES: Lyons Marseilles Haiphong Hanol Shanghai Tientsin Hongkong Puon Pent

BANKERS: FRANCE:-Societe Generale, Banque Nationale de Credit, Banque de Faris et des Pays Bai.

| LONDON:-Midland Bank Ltd,'

NEW YORK: Irving Bank Columbia

Trust Co.

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

A, ROLLIN,

Manager. Hong Kong, 21st April, 1027.

FRENZIED FINANCE.

· SOVIET'S IGNORANCE OF

• ECONOMIES.

Some time ago in America, a cert tain stock promoter, made famous

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

DUTCH BANK RATE,

NOTES FROM HOME.

THURSDAY, OCTOBER 13,

pot so good at 4834, Japanese rul- ed firm, with the Fives of 1907 Dealing with silver in their letter slightly better at 85% ex. div. Sl dated September 8, Messrs. Mocatta per cent, were inquired for at 98%, and Geldamid state that although while the Four per Cents. of 1899 prices are likely to move within were up to 704. narrow limite, there appears to be A market slip has been circulat a better demand for the metal from ed, dealing with Chinese Customs the East, and they do not look for Loans. It shows security for the much decline from present levels service of all these, even assuming Coupons of the German lesue of that the rate of decrease in receipts the Imperial Chinese Government is the same for the whole year as DISCOUNT FIGURE RAISED TO Five per Cent. Huktang Bailways for the first six months of 1927.

4 PER CENT.

Sinking Fund Gold Loan, of 1911 It makes no allowance, however, for for £8,000,000 which fell due on the diversion of the revenue from December 15, 1926, including those its proper destination, and it is the attached to bonds drawn for re-fear of this that haunts bondhold demption on June 15, 1925, will be era. Following are the foreign pald on September 14, 1927, at the loans secured on the Customs. offices of the Hòng Kong and Shang-

Amsterdam, Yesterday. The Netherland Bank haar raised its discount rate from 81% to 4 per cent.-Reuter.

PALM OIL.

hal Banking Corporation, 9, Grace- church-Street, E.C.3.

Amount Flat Yield Outstanding.

p.c.

... 3,061,419 86 £4 18 6

4,386,400 84519.6

org. 1918

to

(all is

7 6 6

HONG KONG TIDE.

The tide-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, Kaulung tidal observatory under taken at the 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,

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

distinct.

Oct 11 to 17, 1927.

DATI HIGH WATER| Lower. Ta

Dendard Catober

Ht. sts dard

At Times

Timus

Tars 19 9774m2 10 9 Wed, 11 m 10 11 1.1 m 8:56 H

10 1067.3 Thurs

Fri. 14

Bues)..29,989,700 52 9:18 0 All the loans are redeemable by drawings and in the case of the 1895 four more ammual drawings Sat will see the repayment of the issue,

by his manipulations on the Boston curb, Tom Lawson, wrote a book called "Frenzied Finance," exposing some of the practices indulged la

4 'p.c. Gold, by mongers of bogus stock. The book was a revelation because, it

1895 In the Share market Hong Kong FUTURE IN SUMATRA.

and Shanghal Banks have harden- 5p.c. Gold, demonstrated how completely irres-

1896 ponalble were the organisers of the

the way of ed to 117 P., and O. Deferred Anyone trained in various fake companies whose stock oil-palms and their yields, and of were easier at 267%, while Indo- 4 pics went on the market and how total- Sumatra and its possibilities, can China Deferred rallied to 5. Chin- gold, 1898 9,883,000 61 Corly lacking in economic principle realize at once how rapidly their ese Engineering improved to 8 1-16, |5. pc. Re-

were the methods employed in jug- snow of production, already but later reacted to 8. British gling, not only this stock, but more standing at 25,000 30,000 tone a American Tobaccos stiffened legitimate onca, on the exchange. year, will increase as time rolls it 1068. Eastern Telegraphs dropped How much more of a shock is it

along. Big snowballa double and to 1721⁄2 and Eastern Extensions to to realise that the Soviet Govern- treble their size much more quickly 17%. THE CHARTERED BANK OF

ment, originator of more than one INDIA, AUSTRALIA & CHINA.

untried and false theory, could give Tom Lawson accs and spades, in Incorporated by Royal Chater, 1853.

the matter of financial manipula- HEAD OFFICE: LONDON.

tions. Paid-up Capital

.£3,000,000 .£4,000,000 | In last Sunday's issue of "The China Press" appeared the first of £3,040,000

a series of six articles on Soviet finance, this one dealing with the Chervonetz, the new rouble, and pointing out the fact that, unlike the currencies af every civilised nation, it is unbacked by any specić reserve. It is not reorganised on the international money market and the quotations issued na its official exchange rate are not valorised evon by the official Dalbank. Rus- sia's Government, besides reversing all proved theories of government, is ignoring all the fundamental laws of economics as well.

Reserve Fund Roserve Liability of Proprie-

tors ..

Agencies and Branches:

* ALOR STAB

(Halay kalns)

BANUKOK

AMBITHAR

BATAVIA BOMBAY CALOUTTA CANTON

CAWNPORE. ORKU

COLOMLO

DELHI

HAIPHONG

HAMBURG

HANKOW

RUNG KONG

ILOILO

IPOB

FALACH!

KLANG ковк

KUALA KANGSAR

Perak, (V.M,804 KUALA LUMPUR KUCHING

MADRAS

MANILA

MKDAN

NEW YORK PKKING PENANG PESHAWAB FUKET HANGGON BAIGON SEMAHANG SKEEMBAN SHANGHAI BINGAPORE HOURAHAYA TAIPING (P.M..) TAVOY TIENTSIN NK YO TSINGTAO

YOKOHAMA ZAMBOANGA

(Philippine Islanda)

Foreign Exchange and General Bank ing business transmetod.

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),

HEAD OFFICE:~Talpeb, Formosa,

Incorporated by Special Imperial Charter, 1899,

Central Bank in Formoso. isaved

Co.; French American Banking Cor-Bank-Notes poration; Guaranty Trust Co. of New York,

Interest allowed ou Current Accounts and Fixed Deposita according Arrangements.

to

Every description of Banking and Exchange Business transacted. Sufe Deposit Boxen to let

CH. LEM,

Manager, Hong Kong, 20th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS !THADING BODIETY)

BANKERS

Established 2884,

Hong Kong Off:- Queen's Boad Central

Authorised Capital ............................. Gailders 120,000,000 (£11,800,00)) Paid-Up Caplini .................................. Qulidə re 80,000,000- (£4.006,870.) Nuestra Fand............. £lulkdara 40,000,

Head Offos-AMSTERDAMJ Bastern Head QMDS—HATAVIL BRANCHES —Bandjermads, Handoeng), Bag- baş, Galonita, Obertson, alde dah, Djember, Djokjakarta'), TA

Kab Kota-india. MAKEMALE, Medan,

Padang

Palembang. Pekalongan, Penang

Pontianak, lungoon, Lotterdam) Bamarang), – shanghai, Bibsiga (Human) Bostabai, Boera- karta (Solo), Tugal, Tip and Wollastockzu" }

** These offoes have sate deposit boxes to let.

inados Bankarsa-Mations Provinola Bank Ltd

Correspondents all over the world »

Banking blame of every

description tramacted.

O, STEENSTRA

kongkong, 30thj July, 1927.

LIMITED.

Manager.

The only security, in fact, that has been offered for the acceptance of the Chervonetz anywhere as legal tender, is all the holdings of the Government of the U.S.S.R., an in- tangible, frozen security, malad ministered to such an extent as to be a liability, and by a government which has not distinguished itself by its integrity in its dealings with other peoples, a government which has repudiated all past obligations of the Rusalan people, which has, except for a few deluded slaves of false political theories, only suc ceeded In enriching a few of its leaders, and which, had it not been for the complete exhaustion of Rus-

than amall ones and, in the case. On the Stock Exchange demand under discussion, the snowball of continues for Chinese, issues, the 1926 will soon become a young hill 1896's being well in evidence at As believers in the plantation 854, while the 1898's put on to system on a large scale we cannot 61%. The 1908's, however, were help fearing that the best oil, and therefore the best edible products made from that oil, will go to America, unless, of course, Holland,

wakeful and always

watchful, directe at least a large portion of the output to her own factories.

Considerable difficulty has been experienced by the Sumatra estates in the past in developing efficient machinery for treating the fruits and extracting the oll, so that a maximum quantity of oil of the highest quality could be recovered. After years of expensive experi- mentation skilled engineers in the employ of various European makera of vegetable-oil extracting machines developed the machines now in use in Sumatra. This machinery makes possible the recovery, not only of

very high percentage of the oil contained in the fruits (about 98 per cent. of the total oil), but also the production of an oil with an acid content as low as 2 or 8 per cent. only. As the market price of the oil in based upon its acid con-

tent, the estates naturally try to produce oil with as little 1.f.a. con- tent as possible.-"Tropical Life.”·

BAN ON TRADE NAME. -

15

five the 1896, and 16 the 1893, The Ban. 18 1913 Reorganisation Loan will not Mon. 17 be wholly redeemed until 1960. ·

997a7.

4 11 2.6

10 447.5 14 41 4

15 6.5 32 16

11 10 7.0

1-4 6.30

||11 586 | 124

041 7.3 m. 54 21

3 Da 48] m.7.36 | 19

No takrier Hw.! No inferior

HONG KONG MARKET PRODUCE.

Beef Striain

.

門

24

APPROXIMATE RETAIL

Butcher Meat.

Steak Sirloin » Engzages Bullock's Brains ...

18

Tangue, fresh.. Tongue, corned

FR

肉

Oct. 7, June, June,

› 1027. 1018. 1914,

Gta. Gta. Ch.

12

Capods, Small

PRICES.

Poultry.

Oct. 7, June, June,

1927. 1918, 1914.

#

Egge, Hen (cooking).

Egga, Hen (fresh)

SEAT

懈

*b.

Cts. Ct. Cu.

BO

80

21

នឌឌ | ឌ ឌន

៖ ឌ ន ផ ទ ន ន ន ម នន ៩ [1]

***

#

Prime Cut

Corned

lb. 28 24

-28 23 12

21 12

Chicken

Ib.

45

+ 60

Roast

28 24 22

Capone, Large

៩ -

P

Breast

Duck

40

24

20

18

郜

"

Soup

Daves

26

20, 18

each

Steak

28 24

22

per doz.

80

#

38

40 80

35

Fowls, Canton

70.

40, 20

20

Fowls, Hainai

per sot 15.10

4038

12

Geere

each 15 69

60

"

56

Pigeons, Canton

Eleach' 65

80

w

H

31.20 -$1.20

Jb

24

18

14

Turkeys, Hen

好口龋。 火烧功

Ib.

84 20 18

#

Snipe

each. 8-10

Ib.

12 15.10 12 28 20 22 24 18 14

A each

Phonsant

pair

Quail Partridges

each

7

Fruits.

Head. Heart

Hump, Balt Feet

M

Kidnoys

Tall

Liver

12

Tripe

+

Calves' Head & Feet.. 4 set $1.20 $1.00 $1.00 Mutton Chop

Leg....

"

Shoulder Saddle

Washington, Sept. 28. Recent order by the U.S. Federal Average amount Yen 45,000,000 sin through the World War and the Trade Commission that use of the long years of the revolution and name "Philippine mahogany" be famine, would have fallen long be abandoned is unlikely substantially Pig's Chitlings fore this from a counter-revoluto reduce imports of Philippines tionary movement.

hardwoods into the United Staten.

.

BRANCHES AND AGENCIES: JAPAN:-Takyo, Yokohama, Kobo,

Quaka. FORMOSA-Giran, Kagi, Karenko, Keelung, Makong, Neats, Shin-

The effect of this complete, and the "United Presa" learns after con- chiku, Talchu, Tainan, Takao, devastating ignorance of modern sultation with lumber experts. Tamsui Toen, Heito, Taito.

economic principle is terrifying to CHINA: Shanghai, Hankow, Amoy, contemplate. The cost of living, to declare, on the fact that the Philip This view is based, the experts Foochow, Swatow, Canton. OTHERS Hong Kong. Singapore, begin with, is three times what it

Batavia, was before the War, thus reducing and can be utilised whatever name pines hardwoods are meritorious Scerabaya, Semarang, Bombay, Calcutta, London, New the value of the rouble in purchas-is given to them.

Ing power by a third and the

There had been considerable con- fusion in the trade because of the

York, Dairen.

LONDON BANKERS:

The Bank her Correspondants in the Commercial

chasis, "Tringtao, Japan, Indo-Uhina, Slam, India

HONG KONG BRANCH:

8. Des Voeux Rond Central.

and

Hong Kong, 22nd September, 1927.

ì

Brains

Feet

#

n

Head

か

Heart

и

Kidneys

Liver:

77

猪

Pork Chop.

24

LAZ

Loin

PL

Fat or Lard

name "Philippine mahogany" and it Sheep's Head & Feet.. is suggested by one high authority that the order may ultimately bene- at the Philippines lumber trade if

Heart

..

H

Kidneys Liver

the producers and importers accept Sucking Pigs, to onder. the order as final and meet the sit-Suet, Beer uation by the invention of a new standard trade name identifying Veal

Mutton the Philippines product.

" Sausages

The London County Westminster and wealth of the nation corresponding

Parr's Bank,

ly. While it is true that the index of prices everywhere has risen in Centres in the Europeau Usatinent, Hamis, Kanother countries, this has been com Philippine Islands, Jara, Afiles, U..An Australia, pensated for by the corresponding

interest allowed an Current Accounta

increase in wealth, which is to say, Fixed Depcuits at rater which it be quoted on in the expansion of industry, for application, Deposita in You can, he nocepted

eign trade, wage level and other J..HARA.

Maunger.

factors.

But has this taken place in Rus- sia to make up for the higher cost It is pointed out, as example, the of living? Read the trade statie case of ponderosa pine, which was tica issued by the Government it- forbidden to be offered for sale as self, which, even if unreliable, "yellow pine." Following this the would err on the aide of being too producers concentrated upon adver: Barbel optimistic. The statistics show, tising the trade name "ponderosa Bream that, in

cases, In all pine" and

they are now selling Canton" Fresh basic industries and production, greater quantities than they for Water Fish. has been rafsed to about half of marly did.

Carp its pre-war level. In some cases, Similarly, the manufacturers of Catfish the official statistics put it at an silk substitutes have vastly increas Codfish 9,629,425.24 equal of the days before the Re-ed their sales by adoption of the Crabs

volution, but in no instance, even trade name "rayon," and vendors Cattle Fish In the official trade reports, is in-and manufacturers of a product of Dab dustry put at a higher plans. Ship: sugar bagnese found a rich market Dace. ping and foreign trade, which under the name "celotex. dwindled to the zero mark during Government departments will not el Conger

Dog Fish the Revolution, are at the vericet propose a hardwoods nomenclature fragment of pre-war days.A

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential

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

Authorised Capital

Paid-up Capital Reserve Fund

.

$60,000,000.00 18,278,300.00

HEAD OFFICE: PEKING.'

HONG KONG BRANCH:

4. Queen's load Central.

most

in the approaching rational confer Many attempts, usually ineffec ence, but they will assist in popu-Frogs tual, because they are attempted larising a standardised, list when

Branches and Sub-branches all over China and Correspondents in Europe, THE YOKOHAMA SPECIE BANK, America, and other parts of the world London Bankers: The National Pro- vincial and Union

Bank of England, *Guaranty • *

TrList Marana Mpany of with the unwieldy bureaucracy names have been privately agreed Now York Capital (fally paid-up) Yen 100,000,000

which characterises Russian ad upon, it is learned-United Press. New York Bankers: The Irving ministration, · have been mado Roserve fund Yen 98,500,000 National Bank.

The Equitable Trust Company of to revive Industry. In 1923 a

Established 1880.

Head Office:—YOKOHAMA,

Branches and Agencies: 11:

Alexandria, Batavia,

Bombay, Buenos Ayres,

Calcutta. Canton,

Changohun.

"Dairen:(Dalny).

Newchwang, New York Ozaka Peking. 7 Fangoon.

Rio de Janeiro.

San Francisco...

Fengtion:(Mukulan).^ Seattle,

Hankow

Harbing

Hong Kong

Honolulu

Kal Yoan Harscht.

Kobe:

ondon

Anguiss.

Semarang.. Shanghal Shimonovel. Singapore.

New

New Economic Policy was insu which only a modern Industrial Interest allowed on Current Accounts gurated, for example, only to lapse system can afford, and Fixed Deposits. Terms on applics after the first few years, witho Russia is still ninety per

Every "description of Banking Busi achieving any substantial gain. peasantry, and also ninot noss transactedjord du

They dream of an expansion aimi- non-Coromuntat,and Loans granted on approved securities lar to that which took place in his economie ruin Special facilities for Home Exchange, America. With all the raw mater

ANNA SHOU; J. CHEN,

CarManager. Lals at their elbows

megane leaders are still too stur

the oby

THE BANK OF CANTON, LTD,

Pientain.

Aghor

PRIA UN

blabed 191275

Kous

PONDOH

structive affort, as great

the building of the

railway in Tsar

feat in these ray

apical quarter

is to the credit of

mont thus far

severely by those

sibly.

is designed

being

Fresh Water

Labrus

Jb.

48. 26 48 28

40 24

46

35

Por set 3

b. 18 16

28

18

"

16.

20

each 16. 10 -10

15 10 8

1b. 48 80 24 88 25 28 38

Hathaw

Turkeys, Cock

Almonds- Apples (California)

Bananas (bride's)

Carambola;

Comanata

Lemons, China

Lemont (America)

Lichees, Dried

Oranges (Canton).

Oranges

Pears (Canton)

5070 Peanuts.

42. 2421

per set 85 60 70 each 12 :8 瞥

-15 12 10

46

28 25

Ib. 20.

25*22

30 2018

46

20 20

86 20 19

40 20, 20 82

Persimmons, Largo

Plantain

Pumelo, Siam Walnuts

Grapes®

Artichokos Beans, Sprout")

Long

·Best Root

Bitter Squash

Fish.

82 10 24 28-20

16

1816

27. -18

Red

Cabbage, Chines

KREADERBENNIGERR=R2MUNE

Brinfals, Green

| | | | | |

6

18

Beach 18 10

★uin each 9

12

荔枝干b. 40. 新合甜牌

Heach

Vegetables, &c.

each

1b.

each

Cane Shoots, bun

Cauliflower (Large)

(Medium) (Small)

28

Carrote

Celery, Chinese

Chillies, Dried

Curry Stuff

Creum)

Ginger, Yor

Horser

Indu

Lettuce

Water

20

គ៩៩៩៩ ន ដ [ ]] ± [ ] -

24

25 30

བྷུ་སྲ ཡ པླ 1 |::|ཋ སྐྱུལ མ|:|

10

18

10 12

12