1927-11-22 — Page 2

2

HONG KONG AND SHANGHAI

BANKING CORPORATION.

duphorised Capital ........

Laevad nad Fully Paid-up

440,000,000 ...... $20,000,000

£8,000,0.30 $23,608,000

Bonerre Panda --

Starting

SZÍTOTTÁK

Hoverre Liability of Propriatem'. . . .890,000,000

HEAD OFFICE) HONGKONG.

COURT OF DIRECTORS:-

Hen, Mr. 1. Q. M. Bernard, - Chairman,

A. H. Camptoo, Eng. Deputy Chairman.

PP. 11. Hall, K.

行跟商工法中

BANQUE FRANCO-CHINOISE pour le

Commerce at L'Industric (Incorporated in France),

6, Chater fload, Victoria, Hong Kong.

HEAD OFFICE: 74, Rue St. Lazaro,

· Paris.

Fr8.40,000,000 | Capital fully paid up .......

Special working capital..Frs.60,000,000 Reserves

........Frs.18,276,000

Marseilles

W, L. Patiendan, K3q

Paris Suigon Peking

BRANCHES: Lyons

Haiphong Hanol

Shanghai Tientsix

N. A. Bioma Keg.

4. Maogowan, Kag.

O.G., 9, Makla, Haqi

T. D. Wenll, Baq.

ILF. White, sq.

LONDON LYONE

MRANDEN.

AMUT BANGKOR BATAVIA BOMBAY

CALOUTTA CANTON CHEFOO COLOMBO DAIBEN YOOCHOW

HAIPHONG

HAMEEBO

HANKOW

HARBIN

DONGKAY

ILOILO

trou

JOHO

Козл

KUALA

LUMPUR

MALA COA

MANILA MOURDEN NAGASAKI

NEW YORK

PEKING

PENANG

DANGUON

BAIGON

SAN FRANC1600,

SHANGHAI

BINGAPORE

SOURABAYA

BUNGEI PATANT TIENTSIN

TOKYO

THINⱭTAO

TUKOHAKA

Current Accounts.opened in Local Qurrency and Fixed Deposits received for one yes or aborter parts in Local Carresey and Bierling on tertar which will be quoted 90'appllanikud,

Hong Kong, 13th September, IZE),

HONGKONG SAVINGS BANK.

The Busines of the above Bank te co dacted by the HONGKONG AND SUANGHAI BANKING CORPORATION. Balos may be

btained on agyllostium.

FOR THE HONGKONG & SHANGHAI BANKING OOKPUBATION.

Chief Manage

· Hongkong, 4315 Bestembar, 1977.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE;

06, Boulevard Haussman, Paris.

Subscribed Capital...Frs.72,000,000,00

Paid-Up Capital

Frs.68,400,000.00

Pondicherry

Reserve Fund ...

Fru.89,884,619.10

BRANCHES:

Bangkok

Hanoi

Cantho

Canton

Battambang Hong Kong Saigon

Dijbeuti

Mengtzo Shaoghal Nam-Diph Singapore Noumea Tientsin Tourang

Fort-Bayard Papeete

luiphong Poking Vinh

Pnem-Pent Yoncanta Hankow

HANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de l'aris et des Pays-Bas Credit Industriel et Commercial; Societe Generalo.

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

Hongkong Pon Ponh BANKERS:

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

COLONY'S TRADE.

MORE ENQUIRY FOR PIECE ́ GOODS.

· -DISCUSSION. BETWEEN TWO

CHAMBERS.

FORTNIGHTLY REPORT,

states:-

+

PRINCE'S. BUILDING.

VOLUNTARY WINDING UP OF COMPANY.

WHY SALE WAS MADE.

An explanation of the circumn-

TUESDAY, NOVEMBER 22, 1927.

WU-HAN FINANCES.

STATEMENT BY MR. SUN FO.

4.

NO INCREASE OF TAXES.

:

MONEY & SHARES.

· ·TO-DAY'S QUOTATIONS.

On London-

Bank wire.

12/-%

Bank on demand ... 2/- 3/16 Bank 30 day'a slight

On Bombay-

2/14

49%

Bank 4 months' sight 2/-% Credits 4 months' sight 2/1% Shanghai, Nov. 14.

Documentary 4 months REVIVAL OF TRADE, atanees leading to the recent sale

Interviewed yesterday On hla

sight of Prince's Building for $3,000,000 | opinion regarding the reorganisa-

On Parla was made at an extraordinary tion of Finance in Wuhan, Mr. Sun On demand ................. 1246 mesting yesterday of the Prince's Fo. Minister of Finance, sald as Credits 4 months' sight· 1320

follows:

On Berlin- Building and Land Co., Ltd. over CONFERENCE ON THURSDAY.

"The people of Wuhan have On demand which Mr. J. E. Joseph presided, suffered considerably during the On demand

On New York- The fortnightly report of the The Chinese Chamber of Com- other directors present being Sir past year, and it is our duty to Credits 60 days' sight 50% General Chamber of Commerce merco have appointed delegates to Robert Ilo Tung,, and, the Hon. assist them to recover from their

a conference between the Chinesa Mr. W. E. L. Shenton. The follow-sufferings. As to my financial | Wire Cotton Place Goods and Fancy Chamber and the Hong Kong Gen- ing shareholders were present: policy, regarding Wuhan, I can as- On demand Cotton Goode.Since our last, re- FRANCE:-Societe Generale, Banque port more enquiry has been in evid-j oral Chamber, of Commerce for the Mr. E. M. Raymond, Mr. S. S.1 will not attempt to arrange any Wire

sure you of the following: First, 1 On Calcutta- de ence but the difference between purpose of discussing the revival of

Ilome-side prices and local idens is trade which has formed the subject Perry, Mr. A. M. Bowes-Smith, Mr. loans from the people. Secondly, I On demand so wide that no sales are reported. of representations by the Chinese F. McD. Courtney, Mr. S. M. Churn, will not increase taxes on the neces- On Singapore— The fall in cotton values expected Chamber of Commerce. The date Mr. K. F. Lay, Mr. D: H. Cooper caries of life. after the Cotton Yarn Association fixed for the conference is Thurs (representing Mr. A. V. Apear),

"Furthermore, Nanking does not On demand... 981⁄2

On Manila withdrew all restrictions has not vet materialised, in fact cotton has day afternoon at o'clock and the Mr. M. Nemazce, Mr. A. Nemazee, have to depend upon Hupeh for

On Shangha Annncial assistance," said Mr. Sun. On demand higher delegations are follows: sinco been quoted on a

78% Hong General Chamber of Com- Mr. Llang Chi-hoo, and Mr. Tseng Even in the case of the present ex-80 day's sight (private basis. The Intest quotations are: those of the 16th inst. Eg. Sakel. merce: The Hon. Mr. D. G. Mustang, Mr. S. K. Moosa, secretary, pedition, the military funds for the paper) 18.95d. and Mid. Ameri. "Spot" Bernard (Messrs. Jardino, Mathe-was also present. 11.16d.

son & Co.) (Chairman), the Hon. After the notice convening the Mr. J. Owen Hughes, of Messra meeting had been read by the Harry Wicking & Co. and Mr. N. S. Brown of Messrs. Butterfeld & secretary the chairman said:-

Nationale de Credit, Banque Paris et dos Pays Bas, LONDON: Midland Bank Ltd.

NEW YORK: Irving Bank Columbia

Trust Co.

Managor.

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

A ROLLIN,

Hong Kong, 21st April, 1927.

Cotton Yarn. Only a small buel- neas has been done at a reduction THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. of $10/12 per bale from the high- est point touched. Market gener- Incorporated by Royal Chater, 1858.ally is ruling very quiet.

Nominal quotations are as fol- £3,000,000 $175/180. No. 168. $190/195. No. lows:-No. 108. $170/185. No. 12s.

.£4,000,000|209, $200/205. Arrivals nil. Ship

ments mil. Sales 100 bales. Un- £3,000,000 sold stocks 3,800 bales. Bargains

10.400 bales.

HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund Rezerve Liability of Propric-

torg

Agencies and Branches:

ALOB STAR

(Malay Stales)

AMRITBAL

BANGKOK

BATAVIA BOMBAY

· CALCUTTA

CANTUN CAWNPOBE

OKAU COLOMBO DELHI

HAIPHONG

HAMBURG

HANHUW

TONG KONG

ILOJIA)

IPOD

KARACH KLANG

KOBK

KUALA KANGSAR

Perak, (V.M.)

KUALA LUMPUR KUCHING

MADRAS MANILA

MKDAN KHW YORK PEKING

PENANG PESHA WAX PUKKT BANGOON HAJDON SEMARANG `- BKKMDAN

STANOVAL SINGAPORE BOURABAYA TAIPING (V.M.B.) TAVOY TIENTSIN TOKYO

THINGTAQ

YOKOHAMA

ZAMBOANGA

(Philippino Trianda)

Foreign Exchange and General Boak- ing business transacted.

Currout Accounts opened and Fixed Deposits received for 1 year or shorter periods at rates which will be ruoted un application.

J. R. GEORGE,

Manager. Hong Kong, 7th March, 1927,

་

THE BANK OF TAIWAN, LTD,

(TAIWAN GINKO).

HEAD OFFICE:-Taipeh, Formosa,

Incorporated by Special Imperial Charter, 1899,

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

Interest allowed ou Current Accounta and Fixed Deposita according to

Arrangemonts,

Every description of Banking and Exchange Business transactod. Safe Deposit Boxes to let.

CH, LEM,

Manager. Hong Kong, 20th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY)

:

BANKERS

Established 1894.

Hong Kong Offca 2-11 Queen's Bond Central

Authorised Capital ....................... Galldare 180,600,000

Pald-Up Capital

Bessere Fund

(£1.600,000) Galders Boo0,000-

(20,666,070) Quliders 10,000,000. {£1339,933)

Head Mos:---AMETERDAM') Eastern Hoad Omon:—–BATAVIA. BRANCIES ;-- Bandjermasla, Bandoeng), Bom-

bay, Calotta Cheriton d dali, Djamber, Þjokjakarta”), The

Kabi,... – Kota-lindja,

KALAREY, Medan, Palang

Palembang, Pekalongan, Penang.

T'amaui, Toen, Heito, Taito.

Woollens Market dull. Some enquiry for Union Coatings for quick shipment, but poor bookings, Raw Cottons-Nothing doing. Metala-Market continues dull; amall business done.

Swire.

Gentlemen-As all shareholdera

On demand

134

134

87

106

7th and 6th Armies have already Op Yokohamp--- been paid by Nanking. The revenue On demand....... of Hupeh, therefore, can be exclu- Gold Leaf. 100 fine sively devoted to the rehabilita (per tael). tion of the province."-"Kuo Min." Sovereigns (Bank's

The "Kuo Min" news agency Silver (per oz).

buying rate).. 0.60

Kong

26 5/16

2% prem.

Chinese Chamber of Commerce: are no doubt already aware from under date of Nanking. November Bat. Silver in Hong Li Koon-chuen, Ho Kwong, Ho In Press a short while ago, your pro- following the flight of Tang Seng Chinese Copper Cash 6%pm. Messrs. Li Yau-chuen (chairman), the announcements in the local 14, states: The Wuhan cities are

now in a very chaotic condition, Chinese Copper Cents nom. and Sum Pak-ming.

perty as it stands has been sold chi to Japan, according to a special Rate of Native In- to the Hong Kong Land Invest-dispatch from Hankow. General tercat

*** .77% 30.8. RUBBER AND TIN.

ment and Agency Co., Ltd., as on Ho Kuo-kwan of the Hupeh Provin- Chinese Sub. Coin ... 29% dis.. and from November 1, 1927, for cial Defence Army, in a telegram to Hong Kong Sub. Coin par. LATEST DIVIDENDS AND

the Military Council, reported that the sum of $8,000,000 cash. QUOTATIONS.

he has been elected Provisional It is needicas for me to assure Commander of the Garrison Forces Messrs. Carroll Bros, have been the shareholders that this decision of Wuhan to maintain peace; and advised of the following dividends was reached by your directors after order in these cities, pending the quotations" on rubber and very careful conídoration at arrival of Generale Chen Zung-yung mining shares!---

board meeting held for that pur-jand Li Chung-fen. General Ho also requested the Council to inform $2.80 pose on September 24, 1927, when Generals Li and Chen of his wel- 2.95 the resolution was passed unani- come and further asked the Council 2.85 mously.

Steel Joista,-No. busines. Wire Nails, 1%-3.-Small busi-and ness done.

Window Glass Market

quiet.

very

Quotations.

Allenbys Sugar:-Java: Crystal No. 24, Glenealys Crystal No. 18. Soft White, Soft Jimahs Yellow, Brown, Stroop; Hollo; Kedahs Manila: Brown and White; Holhow Malaka Pindas Brown, Singapore Candy-Market Pajama dull and declining.

Dividends.

4.00

2.30

2.40

Saltpetre.Market very quiet. Asam. Kumbang 2/- per share Flour Market Report. Stock:| Austral Malay 2/- per share American, 320,000 ancks; Canadian, Bukit Kepong.. 7% 2nd Interim 120,000 sacks; Australian, 10,000 Eastern Smelting sacks. Total 350,000 sacks.

. Orda...... 3/- ps. Final making 15% Eastern Smelting

Prefs.

Market. Small and quiet. Quotations American Patent, $4.25 per sack; American Straight,

...... 2/ D.A. Final $3.05-3.25 per sack: American Cut

making 15% off, $3.10-3.40 per sack; Australian Klang River ... 12% Interim No. 1, $3.60 per anck; Canadian Kuala Lumpur. 1/- per share Cut off, $3.10-3.15 per sack; Cana- Malim Nawar dian Straight, $3.04-3.08 per sack;! South Canadian Mixture, $2.95 per sack; Mambau Candian 2nd Clear, $2.85 per sack. Rawang

COTTON DEAL.

FOURTEEN THOUSAND BALES INVOLVED.

Cairo, Yesterday Fourteen thousand bales of high

ment.

1/- per share

5% 2nd Interim 1/- per share Int.

RUBBER MARKET.

BENEFICIAL EFFECT OF EXCHANGE.

New York, Oct. 10.

Financial Position.

Before proceeding further, I would like to take this opportunity

to notify them to instruct their advancing guards not to attack the straggling Wuhan troops.

LONDON EXCHANGES.

London, Yesterday.

Paris New York

124

4.87 25/82

Brussels Geneva

34.04-

25.28

Amsterdam

12.07-

Milan Berlin

89%

20.43

Stockholm

18.10

Copenhagen

18.19

Oslo

18.36

Vienna

84.56

Prague

16442

Helsingfors

1931/2

Lisbon

2 27/64

measures of

Madrid Athena Bucharest

28.81

*367***

790

Rio

5%

Buenos Aires

474

1/6 15/16

2/63

2/08

1/10 19/82

With the fall of Wuhan into the the

to say that the. financial position hands of the Nanking forces, of the company prior to the sale Government Council has discussed was quite sound and had been con- and adopted certain tinuously and steadily improved. | rehabilitation for the Hupeh and By dint of hard work and the ex- Hunan provinces. First, the Gov- penditure of much time and trouble ernment decided to carry on the on the part of your chairman, the Movement in the two provinces: leases of all the principal tenants secondly, to dispatch a staff to re- have been renewed during the past

of

Bombay

-Shanghai

Hong Kong

Yokohama

Silver Spot

26 5/16

Silver Forward.... 26 3/16

-British Wireless Service.

two years at practically the full organise the military, civil and

Gnancial administrations rental which had been figured on when the building was acquired, Wuhan; and thirdly, to restore and the company was at last. on Immediately communication on the

Yangtze. the eve of paying a dividend.

The fact that the expiring leanges were renewed at very much higher joint telegram from Ho Chien. Li rentals

during a period of un-Ping-shan, and Liu Hsing of the procedented crisis in the Colony Wahan Army, suing for peace with T. on London speaks sufficiently for the value of

T.T. on Shanghai

The Military Council received

THE SHARE MARKET.

Stock

de.

Banks,

Insurances.

Rua Kom

Stock

2/

Exchange.

78%

$1132

£120

$2014

$80

C.... $18%

410

$540

Central Bank in Formosa. issued Average amount Yen 45,000,000

the alte, which is situated right in the Nationalist Government. It is BRANCHES AND AGENCIES:

the very heart of the banking area. reported that Ho also dispatched a Hongkong Bank .... JAPAN-Tokyo, Yokohama, Kobe,

The difficulty, or rather the draw-personal representative to Nanking do. Lon. Beg. Osaka,

back, with us, however, was that to negotiate with the Government Chartered Bank FORMOSA:-Giran, Kagi, Karenko,

Rubber contracts to the value of our capital of $700,000 was much for the terms of surrender and re- Mercantile A. & B. Keelung. Makang, Nanto, Shin quality cotton are reported to be in- more than 160,000,000 dollars wore too small, being less than one organisation of the remnants of the B. & D. Bank chiku, Taichu, Tainan, Takes, volved in the Egypto-Soviet agree traded in on the Rubber Exchange quarter of the value of the pro-Wuhan troops. In view of the Bank of East Asia. $82 CHINA: Shanghai, Hankow, Amoy, The Egyptian Government declin- of New York during the year end-perty, hence the increasing rate panic-striken condition which is

Foochow, Swatow, Canton.

ed to accept a guarantee from the ed August 31 last, President F. of interest we bave had to pay for OTHERS-Hong Kong, Singapore, Russian Bank, hence a draft agrec- R. Henderson said in his annual our loans has prevented us from prevailing in Wuhan, Ho has also

Socrabaya, Semarang, Bombay, Calcutta, London, New don Bank, whose reply is awaited of the Exchange yesterday.

Batavia, ment has been submitted to a Lon: report which was sent to members paying any dividend to share-requested the Government to in

holders up to date.

struct its force to suspend their York, Datron.

-Reuter.

advance for the time being. LONDON BANKERS:

amount represented approximately Why Building Was Sold. Lloyd's Bank Mentioned. The London County Westminuter and

72,000 contracts calling for 180,000 The company therefore, though. Parr's Bank

Cairo, later. It is ascertained that the agree

tons of crude rubber.

owning a well constructed and Mr. Henderson polated out that palatial building on what is pro The Bank has Correspondents in the Commercialment relates to the purchase of Centros fa the European Goaliens, Hamin, a 110,000 kantara of cotton from the the Exchange has had a very bene-bably the finest site in the Colony, Government stocks subject to a clal effect upon the rubber indas and one of great potential value,

do. try generally, in, helping to stabilise was nevertheless in a difficult guarantee of £200,000.

The Soviets have asked Lloyds prices, and the hedging facilities position, and a call on shareholders Bank, London, to give a guarantee which the market offers are being been considered by your chairman for Increased capital had also that the price fixed for good sakel- more widely used by all branches and directors, but in view of the faridia will be four dollars above of the rubber business. futures, the market price working

difficult times still prevailing it "The narrowness of market flucwas extremely doubtful whether

obusta, Tulogino, Japan, Indo-China, Ham, Indila

Failippios Islands, Jara, Afrion, U.S.A., Austri

etc.

Interest allowed on Current Accounts, and | Pized Deposlis at rates which will be quoted as {application, Deposits in Ten can, va accepted

J. IHARA,

Manager. HONG KONG BRANCH:

3, Des Voeux Road Central Hong Kong, 22nd September, 1927.

ter.

COTTON MARKET.

THE BANK OF CHINA.

行銀國

Fontfrak, Rangoon Soltera (Specially Authorised by Presidential

Bagarang), önmaghal, Bibelga (Bumatra Boarabala, BOREA

karta (Balo), Tegal, 7)|atjap and Waltarredan“)

› Thanon offions have info deposit boxes to let

London Bankars-National Provincial Bank

Correspondanta all over the world

Banking business of every

description traAKROSNG,"

9. STEENSTRA

Hongkong 20th July, 1927,

Authorised Capital Paid-up Capital.

Reserve Fund

HEAD OFFICE: PEKING.

Manager.

LITTLE ABSORPTION DY EXPORTERS..

The

BRITISH GOODS.

COMMISSIONERS FOR THE

DOMINIONS.

Union Insurance Canton Insurance

$202 North China insurance. 113 Yangtze Insurance... M.84615 China Underwriters.. $1.20 China Fire Insurance $216 H.K, Fire Insurance... $590

Shipping Douglases. $354

B.K. Steamboats... $20 H.K. Tugs & Lighters $1.80 Indo-Chinas (Prof)... $30

(Del.)... $48

Docks, Wharves,

$1.7

2

63/

TOY

$8%

19/3

-$120

$153

$95

$7.20 b 7,45 «

T48

T28

ይሄ.

256%

Humphreys Estates

Hongkong Bealties HR Territori $8.0 Prince's Buildings * Public Utilities.

$120 $12%

*** $120

120.1

do. (xew)

Shell Transporta Water-boats

Mining. Bangusts Rugby, Yesterday. Kailan Mining Ad. Replying to questions as to Langkats (Combined). T17% out about $40.50 per kantar.-Beu-|tuations in last year will undoubt-such a call, if made, would receive].what steps are being taken to in- Shanghai Explorations T3

(Single) *** do.. edly influence financial institutions sufficient support from share-crease the sale of British goods in Shangbai Loans to look with more favour on the holders. Under the circumstances the British Dominions, Captain Raubs commodity from the standpoint of it was unanimously decided that Macking, Under-Secretary for the Tronoh Mines

the best interests of the share-Department of Overseas Trade, collateral, and we must hope that holders, would be served by dis- said that Trade Commissioners u.K. & K. Wharves

Godowns, &c. this will be conducive to the main- posing of your property at the had been appointed in all the ELK. & W. Docks Mandate of the Republic of China

tenance of substantial stocks in price offered which was according-Dominions with the express ob- China Frovidents on the 22nd of November, 1917).

this country as well as London, ty done. Messrs. J. Spunt and Co. in thus making for more healthful

ject of facilitating, with the co- New Engineerings

Hongkews... $60,000,000.00

With these few explanatory 18,278,600.00 their weekly report on the Shanghai trading. I can see nothing on the remarks, which I have no doubt operation of the Department of Shanghal Docks

9,629,425.24 cotton and yara markets for the general business, horizon to make will be received by all shareholders Overseas Trade, the export of Bri- Cotton Mills.

week ended November 11, atate: me hesitate to predict the continued present here with satisfaction and tish goods to those territories.

Ewo Cottons.** China Cotton: Prices on the healthy development of Rubber approval, I do not think there is Specific cases were frequently Oriental Cottons local staple HONG KONG BRANCH:

during the great business, and consequent broaden anything also calling for comment reported where the work of the Shal Cottons (Old) 4, Queen's Road Central,

portion of the week maintained a ing of the Rubber Exchange opera-putting the resolution for the wind buted materially to securing im-ILK. & S. Hotels..

or explanation by me, but before Trade Commissioners had contri-Lands, Hotels & Ridge. Branches and Sub-branches all over steady to arm position but evinced tions. THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe, a weaker tendency toward the close. "I am confident, and thoroughly ing up of the company and for portant orders for British manu- Hongkong Lands

America, and other parts of the world. by reason of an adequate spot believe, that the advantage of in-called, I shall be very pleased to vice.

which purpose this meeting was factures. British Wireless Ser- Shanghai Lands ... LIMITED.

London Bankers: The National Pro- supply of the local staple and com-surance in exchange operations, will answer any questions that share- vincial and Union Bank of England, paratively, very little absorption by become more understood by pro- holders may wish to put to me to Ltd.

The Guaranty Trust Company of the mills and exporters in general ducers in the Far East, as well as the best of my ability and know- New York.

and also by being Influenced by manufacturera here, and it is ledge. New York Bankors-The Irving the sudden heavy drop in Mid- gratifying that this phase of the

matters of imporance in connection H.K. Tramways National Bank, Ka

Sage The Resolution, tolppoa with the negotiations and eventual Peak Trama (old); The Equitable Trust Company of Americans on the publication of exchange business has become so

sale of property. This, at do, in cệnew) New York.

the U.S. Government report of a important."

There being no questions, the Your Baldor antier in Star Ferries Interest allowed on Current Accounts crop, estimate indicating 12,842,000

chairman proposed. That the which they have waived their fees China: Lights (comb and Fixed Deporte. Terms on applicabales construed to be bearish,

Company be wound up voluntarily in the past should now call for some do. do. [tion, hier.

and that Mr. John Hennessey Seth consideration from the sharehold H.K. Electrics. Every description of Banking Base values of the staple current in both However, when" comparing the

and Mr. Sydney; Hamnden Ross, ers in return; by the fixing of such Macao Electrics ness transacted.

feintly and severally of the firm of remuneration by them at this meet E.K.Telephones Loans granted on approved securities, the U.S.A. and India with that

Messrs. Percy Smith, Seth and ing at a higher figure than would Chips Boxes -*** Special facilities for Home Exchange. prevailing on the domestic growth

- Fleming: be, and they are hereby other

Bingapore Tractions appointed, the Liquidatora for the

Mr. E. M.

proposed that Industrials.

Malabon Sugars

Established. 1860.

1

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

Yan 06,530,000

Head Office:-YOKOHAMA,

* Branches and Agencies at:

Alexandria.

Batavia. Bombay. Buenos Ayres.

Calcutta. Canton. Changchan

Dairan (Dalny).

Newchwang. New York Ozako.

Peking. Kangoon. Rio de Janeiro. Salgon San Francis

Semarang Shanghal Bis Shimonoseki

Fongtien (Mukden). Seattle..

Hamburg,

Hankow,

Harbin

Hong Kong WA Singapore. Honolulu,

Kel ToonBydney,

Karaching Tientsin.

Kobe thee:Tokyo," VEN Londonware Tomania,LOTH Los Angeles y

4 osed);

41

red on Current Accounts

for fixed perioda at afried ön äppllention.We

་

·OIL IN AFRICA,

NEW REFINING COMPANY

TO START. DE

$12

(old)

$9.

(new)

$54%

$44

$3.70

TO%

12/9

SHOU J. CHEN,the latter is stil the cheapest,, a Durban, Yesterday, purpose of such winding up at under the circumstances and In China Segare?

Manager

THE BANK OF CANTON, LTD.

Established 1912, -*** Head Office: Hong Kong

Authorland Capital (IL-BC. Curren07)...... Paid Up Capilä),

N-BRANCELES›-

Pion

Bali Bangkok) Katy Kork; and BaD BYABERIDE, AS

.: LONDON, BANKERS---||

KAKLyba Lloyd& Math Elmitədi

- CORRESPONDENTE)

„„Istall prikalpel zilies of the WorKGS-

10

therefore, it would be advantageous

for spinners to purchase on any and It is stated that now Durban Oil fixed remuneration of $500 view of the reasons and explana Canton less, every bronk Until conditions in Refining Company will start operar DH Cooper seconded and tions given the directors' remunera: Cements (comb.). Chiba become more stabilised Itting Immediately. It is negotiating the resolution was carried unani- tion for the period up to the date of

mously de (old) can be reasonably expected that

companies in the world in regard higher prices may evolve both on to supplies. LADDA NER yarn and raw

A refinery, costing $750,000, and Bix 2,000,000 gallon tanks will be erectedReuter.

Fluctan

during *nervona

dency on

the easy side,

Wonsika exchange and bending barnen of some TIE 8: to

every danciption trimated, ju sjemen0524 with

· Balą Deposit Bozen (variona sise) AC & PARTİY

for export has

ABAMORI,USB, 111HLOOK POONG SHANŢULT: 5.000 100.000

Manrgeris

Hong Kong: 121 September, 1927.

Bref Chlef Mongerene and chops. Bong Kongth: Februar

rices declined

TRUE TEST OF MER You judge man not by what he promises, to do; but, by what he has lak the "mly trust test. berlain's Cough Remedy Judged this standard hai and superior. everywhere) speak, of it in the best teams of Epraisa...For sala

(now) Continuing, the chairman said sore which,, he felt, aure, all present H.K. Kopes: (old): Gentlemen:There is one other there would agree, was Kully de- Basdolid (new) matter that calls for your con- served.fre birajos, United Asbestos, alderation before concluding this Mr. S. M. Churu seconded and a Stores, &e. meeting, and that is the question the proposition was carried ¦ un- Dairy Farma of the remuneration for your animously,

MANGARNA Watsons directors. A

wwwled The chairman concluded: This Der A Wings

in all the business, gentlemen. Lane Crawfords. Thank you all for your attendance. 7kintoshs The next meeting to confirm the wm Powells. resolutionál passed at this meeting | Mine will be held on Thursday, Decemy BK Amp bey 8, 1927 at £15 pm, and aro:BK Const minder will also be duly sent to B. Ind.. Bond shareholders for their attendance, *TH" K2 «G»Tha Loans

$25.10