1928-06-30 — Page 2

HỒNG LONG AND SHANGHAI

BANKING GORPORATION. ⠀

Autkorliaji Caplle) iimime....

Trasad and Willy Hädap

Reserve Funda para

Bresling jamunanirimul 6,000,000

·Bálny skoonuses$18,000,000*

150,000.600

$30,000,000

Massive Liability of Proprietors $30,000,000

HEAD OFFION PONDRONG.

COURT OF DIRECTORS 2

W. IT, Ball Esq.

A. II. Compton, Esq. Chairman.

N. B. Brown, Esq. Deputy Chairsan.

1. L. Pallandas, Esq. Hou. Mr. E.D, P. Belt. J. A. Pumuner, Baş- Hon. Mr. C. O. 9. Mackin, T, O, Wall, Esq.

AMOY

IL P, White, King.

Calel Manager

Hon. Mr. A. Q. By

BANGTOK BATAVIA BOMBAY CALCUTTA CANTON CUETOO

BOLOMBO

DAIREN YOOGEDW

HAIPHONG

HANDURO

•ZANKOW

ПАПИХН

HONDEEW

ILOHO

JOHORE

KOBY

BRANCHES —

KUALA LUMPUR

LONDON

LYOSS

MALACOA

MANILA

HOURDEN NADABARI NEW YORK PEKINO

PENANG RANGOON

BAIOON

- SAN FRANCISCO

BILA NOHAI

SINGAPORE

BOURABAYA RUNGEI PATANI TIENTRIN

TORYC

TRINGTAO TOKOHAMA

Current Aremiate opened in Local Cuireany and Pitadeposit recited the one you short periode in local Cuirpacy and Beeling

kytrio which will be quand on appleston Hong Kong, Juno, 1928.

行銀商工法中

BANQUE FRANCO-CHINOISE

pour le

Commerce et l'Industrie

(Incorporated in France).

Prince's Building, Chater Road,

1long Kong

HEAD OFFICE: 74, Rue St. Lazure, Paris." Capital fully paid up....Frs.50,000,000 Special working capital. Frs.50,000,000 Fra 22,319,000

Reserves

BRANCHES:

Paris, Lyons, Marseilles, Saigon, Halphong, Hanci Tourane, Quiniion, Huế. Thích hoa, Vinh, Phnom Penh

Peking, Shanghai, Tientsin; Hong Kong

BANKERS:

PRANCE:-Societo Generale, Banque)

Nationale de Credit, Banque de Paris et des Paye Bas, LONDON-Hidland Bank Ltd. NEW YORK: American Exchange Irving Trust Co., Banca Commer ciale Italiana. SAN FRANCISCO:-Bank of Italy.

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

A ROLLIN,

Manager.

Hong Kong, 18th April, 1928. THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

HEAD OFFICE: LONDON.

Paid-up Capital

LOCAL SHARES.

THE CHINA MAIL,

MESSRS, MOXON & TAYLOR'S WEEKLY REPORT.

A QUIET MARKET,.

Messrs. Moxon and Taylor, their weekly, share report, under date of yesterday, stafe

Wo again had a quiet market during the past week but buyers were not wanting and the few shares on offer wore readily taken up; at the close the situation is unaltered with buyers for the principal Industrial stocks and sellere holding off in the hope of obtaining better prices later on.

Shanghai market is quiet. The following are the principal alterations since last week:

Banks: Opened with sales at $1,295, but eased off during the

COMMERCE

AND

FINANCE.

FUTILE STRIKES.

MORAL EFFECT OF FREE" A CONCESSIONS, PLEAS

A plea that employere able to make

SATURDAY, JUNE 30, 1928.

afted with tr all their hearts, for shape of improved “wages. – Tho, experience had given them over- manner in which the proposals were whelming', evidence that strikes to be appiled would simply atir: up; were these days · nots only a large amount of Industrial unrest deplorable but disastrous, and the and certainly, increase the por lockout by the employers, was insistent determination of the the sank category. It was foolish workers for share in the spolls.

concessions to their workpeople should do so more spontaneously ness to continue the use of a and without demand" was made by weapon which destroyed those who Mr. Thomas Casey, in his preal used it far more effectively than IMPORTANT ORDER. dential address to the National those against whom it was un- Federation of Colliery Engineers, 'sheathed. As for those who pre- Boilermen, and Craftsman, which ferred to continue fighting with the met in annual

at old weapons, Mr. Casey said he was Deference sorry that their intelligence had Scarborough,

PLACED WITH THE BRITISH THOMSON-HOUSTON CO., LTD.

FOR H.K. ELECTRIC CO., LTD,

made such little progress and their experience taught nothing of value.

FOR SETTLERS.

QUEENSLAND GOVT. SCHEME

The Migration Development Com It was no secret, he said, that a

mission has considered the Queens- feeling had grown up among the

land Government scheme for cotton, rice, tobacco, and lucerne. workers generally which was not of the kindliest towards employers P

Nevertheless, the absence of growing, together with wood grow. The Hongkong Electric Co., Ltd., and the reason for that was be labour unrest was due far more to ing, lamb-raising, and dairy and have placed an order with the Bri-cause they could not, secure any the weakened position of the trade ply farming for the Dawson area. tish Thomson-Houston Co., Ltd; concessions at all except on persist union movement than to the pro- It is estimated that the expendl Rugby, for a turbo-alternator and ont demand. If, therefore, the omgress of a better understanding and ture under the $34,000,000 British condenser capable of giving an players felt they could afford to more friendly spirit. Had the loan scheme will be £3,800,000, output of 15,000 k.v.a under winter make concessions it would have a unions been strong in numbers and including 4875,000 as advances to conditions and 12,500 kv.a. in the very good moral effect on the minds finance there would certainly have settlers. The queensland Govern Hongkong summer.

of the workers if they would do it been a great deal more trouble.ment sought the amount as a loan. The turbine is a B.T.H. 16-stage more spontaneously and without Unless bettor relations were es- The Commission has recommand- high pressure super efficient single demand: If the employers made tablished before the unions regained that the final decision should be. cylinder Impulse type machine and concessions in the way indicated, ed their strength, it was only a deferred until a thorough explora- is similar in size to the turbo- then, should subsequent circum- question of time before the men tlen has been made of the scheme warrant a reduction, It would again be on the Industrial of "Irrigation under which 7,000. plants supplied by this famous com- stances

new farms are proposed, providing pany to a number of municipal would probably be less resisted than warpath.

to industry by the Government's also recommended that £100 100 bes undertakings at home and also to was the practice under their pre- Referring to the relief afforded for a population of 85,000. It has the P. and O. Steamship Co, for a sent system.

Disastrous Stoppages

rating scheme, Mr. Casey said the advanced to carry out a survey of workman would not be content the soll and a testing of secure part of that relief in the Telegraph

ship propulsion electric drive for a

Settlement by negotiation was Incorporated by Royal Charter, 1858. week and close quiet at quotations. new steamer which it la hoped will really what the most sane and ex- without making some endeavour to of the proposed dam

Unions:-Again advanced and be placed on their Far Eastern Ser-perienced trade union leaders de

vice. It will be arranged for bleed- changed hands at $335%/62.

China FiresAro still wanteding steam for feed heading and for at $235.

evaporating purposes and will be the most economical plant of its size operating in China, i

Reserve Fund ... Itunerve Liability of Proprie

tors

£9,000,000 .£4,000,000

.£8,000,000

ALDE STAR

(Malay Bate)

may be

AMAITBAR

HONG KONG SAVINGS BANK.

The Business of the above Bank la sandues

nd by the HONGKONG AND SHANGHAI BANKING CONPORATION, Halon obtained di application.

Foli

THE NONOKONG

BANKING CORPORATION.

SHANGHAI

A. 0. HYNES,

Chief Kanget,

Hong Kong. Ith Byplomber, 1927.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NETHERLANDS TRADING BOCIETY)

BANKERS,

Fatabilaked 184.

flong Kong Offra:-11 Queen's Noad Central.

Author Capital

Quilders 100,000,000-

(17,500,000, Paid-up Capital Oulidem 80,000,000- (20,000,070,) Bessere Fundim tuliders 40,000,000 (25,523,838,)

HO(AMSTERDAM”). Eastern Inad Oho»:-DATAVIA. BRANCHES:-Baddjurmsala Bardong) Bombay,

Calcutie, Churiboo, Fiddth, Djamies, Djokjakafte'), The Hague'), _Kobe, Hosa Hadja, Makassar, "Kodan, Padang Palombang. Pakaloogai,

Prassf Pontiansk, Rangoon, Betterdam"], Samarog') Blangkok Blogs (Sumatra Boatbals, Borsicarias (Bolo), Togai, ·Tilasjap⋅ Ind Willerendan.")

These fios buvo osža deposit boxes to las. London Daskare 1-National Provincial Bank Lad. Carrespondante ali over the world

business of stay -dooription transacted.

O, STERNSTILL,

Hong Kong, 2015 July, 1927.

Manage

BANQUE DE L'INDO-CHINE.

**

HEAD OFFICE:

se, Boulevard Haussman, Paris.

* Subscribed Capital.. Fra. 72,000,000.00 Pald-Up Capital.....Fes. 68,400,000.00 Reserve Fund.......Fr. 99,884,519.10 BRANCHES:

Hanci Quinhon Bangkok Battambang Hong Kong Saigon Canthe Mengtze Shanghai Canton Nam Dinh Singapore Dijbout!

Noumea

Fort-Bayard Papeete

Tiantain

Tourane Vinh

Haiphong Peking Hankow Pnom Penh Toum ute

Pondicherry

-BANKEES:-

Agencies and Branches:

BANGKOK

BATAVIA

DOMBAY DALOUTTA CANTON GAWNPORE UNBU COLOMBO DELII

BARBIN IN, Manchuria)

BAIPHONG

HAMBURG

BANKOW

TONG KONG

LUILO

KARACHI

11011

KLANO

KOBE

KUALA KANGSAR

Park (248) KUALA LUMPUR

XUGHING

MADRAS

MANILA HEDAN NEW YORK PEKINO TENANO PESHAWAR BANDOOR - RAJOON

BENARANO

SEREMBAN

SHANGHAI

-

BINUAFORE

SOURABAYA

TAIPING

(P.M.8.)

TAYOY

TIENTSIN

* TOKYO

TONOKAH (bukes)

TSINGTAO YOKOJLANA

ZAMBOANGA

(Philippine Talnads) Foreign Exchange and General Bank- log: buzizoss transacted.

Current Accounts opened and Fixed Deposita received for 1 year or shorter periods at rates which will be quoted, on application,

A. H. FERGUSON, Hong Kong, 3rd April, 1928,

Manager.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO),

IDAD OFFICE:—Talpeh, Formosa Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa. Bank-Notes issued

Average amount... Yen 15,000,000

Canton Insurances-Firmed up and came to business at $6171⁄2.

Hong Kong Fires:--Also' advanc- ed and business was done ut $720/725.

Benguet Consolidated Gold Min-1 ing Co-Ara rather frmer with buyera at $12.

Hong Kong Hotels:-Were again done at $9.

Hong Kong Trams:--Were taken off the market at 824/25.

This will be the twelfth turbo- alternator supplied by the British Thomson-Houston Co., Ltd., for Hong Kong and the leased territory. Inniss and Riddio (China) Ltd. are the agents.

China Lights: Experienced a CEYLON RUBBER.

rising market and after sales at

$11, now have buyers at $11.70 for the old shares and $11% for the new.

China Providents:-Were tho medium of business at $4.95/5.10.

Telephones: Have buyers at

$5.60

EXPORT DUTY CRITICISMS.

Despite frequent publication of the explicit intentions of the Cey- Ion Government in regard to ́a"ro- Cements--Found buyers at $911⁄2duction in the rubber export duty, for the combined shares.

Ropes: Some business is report ed at $8 for the old shares.

Dairy Farms-Were dealt in at $21.95.

Wharves:-Are quiet at quota

tions

Docks: Continue to meet with a steady demand at $40. -Electrics:Were quiet with some business done at $71%/%.

London Quotations of the 27th inst.:-Banks £140; Indos Deferred £7 16; Shells £5.6/- all middle

I

BRANCHES AND AGENCIES: JAPAN:Tokyo, Yokohama,Kobe, prices.

Osaka.

Exchange:The demand selling FORKORA:Giran, Kagi, Karenko,

Keelung. MAKong, Nanto, Shin rate on London is 2/7/16 and chiku, Taleht, Tainan, Takno, the T/T. on Shanghat is Tle. 75%. Tammul Toon, Helte, Talto. CHINA:-Shanghal, Hankow, Amoy,

Foochow, Swatow, Canton. OTHERS-Hong Kong, Singapore, Batavia Soerabaya, Semarang, Bombay, Calcutta, London, New York, Dalren

LONDON BANKERS: The London County Westminster and

-Parr's Bank.

The Bank has Gorrespondents in the Gommarlal Banks in the European Costigant,. Bussia, Man, churi, Tkinghao, Japan, Kade-China, Blaw, - India, Philippine Inde, farm, Atrios, J.B., Australia,

J. IHARA,

IN FRANCE: Comptoir National | prymita ni rains which will be quoted on spallos. d'Escompte de Paris; Credit Lyonnaise Deposite în Tea can be somepted. Bangue de Paris et des Pays-Bas; Credit Industriel et Commercial; Societa Generala.

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

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

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

HONG KONG BRANCH:

..

Manager.

Des Voeux Road Central Hong Kong, 2nd Beptember, 1927.

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential

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

HONG KONG MARKET PRODUCE.

Beef Sirloin

APPROXIMATE RETAIL PRICES.

Rutcher Meat.

Soup Steak: Bleak Sirloin Sausages

Bullock's Bralna

June 1, June, June,

site

ange

Poultry

1928. 1918, 1914.

Cts. Ct. Cla

June 1, June, June, 1928, 1918 1914

Cta. Ct. Ct.

Ib. 28

· 24 11

Prime Gut

23 28 11

#

+

Corned

28.12

Chicken Capone, 'Small

lb.

K6. 800-81

45

2880

Fount

28

2422

Capons, Large

55

28, 20

+

Duck

Breast

24

20. 18

21

Doves

**

20 18

23

· 21 · 22

Eggs, Hen (cooking);"

.82

40

80. 35

Egga, Hen (fresh)

4028 20 12 10 per: set 16

oach 65 50 60

Fowls, Canton .....

70

24

Fowls, Hainan

Greva

2424

ench

80

60

Hofhow

28

H

$1.20

24

$1.20 13 14

Turkeys, Cock

BA 20 18

Turkeys, Hen Snipe..

Pheasant

$181012

23 20 21

Quail

24

18 12

artridges

44

set

*#.

Ib.

Fruits

心

Shot idar Saddle

*

#

"

"

14

Tongue, fresh.... Tongue, corned Hond

Heart***! Hump, Salt Fest

Kidneys

Tall..

Liver

Leach 8 10 18

Per set 8

Foot

-Fry

Head

Heart

#

Kidney Lives

each 15 15

48 30

Chop

Leg

we find it necessary to re-stage, the position. In a communique Issued on May 7, the Ceylon Government Intimated its Intention to reduce the total export duty on rubber to 2 cents, of which 4 cent repre sents the Restriction Cess' and

Tripe cent the Medical Wants' Cess, Calves' Head & Sanction for this reduction will be

Mutton Chop requested on the Legislative Coua-

* Leg cil and it will be effective It the price of rubber is still below 55" cents. It was announced that the pig's Chitlings F.M.S. duty is to be reduced to one

Brains Malayan cent per b. as from July 1, the Ceylon and Malayan Gov- ernments thus making practically the same concessions as regards the amount of duty to be levied and the date of the reduction. While no objection has been taken to the con- Pork tiriuance of the cass for the admin Istration of the Restriction Scheme as this will automatically cease o the expiry of Restriction, there is some disappointment that the Medf- cal Wants' Ordinance Ceas of cent will continue to be levied, but we presume Government does not want to interfere in this matter as the Medical Wants' Ordinance is now under consideration by a Com Vos!. naommittee. There is no Indication of bag what the position will be if the Burabaya price of rubber is not below 55 cents, but this contingency is not likely to arise It is certain, te however, that Government will con- Barbel sider the question of a sliding scale Bream

THE MERCANTILE BANK OF INDIA, LTD.

·HEAD OFFICE:

15. Gramchurch Street, London, E Ch

Authorised Capitai

£8,000,000 Subscribed Capital 1,800,000 1,050,000 Pald-up Capital ..... Reserve Fund and rest.. 1,684,848 BANKERS

The Bank of England ✯ Midland Bank, Lid.

Bangkok Gulie PALAVIA Hoogkook

Bambar Howrah Caleutia Kandy

BRANCHEB1

Kuala Lumpur Kuantan (Palong) Madras

New York.

Colombo Kanuch), Panang'a Dalsi Bota Bheta Fort Louis (Mauritius)

HONGKONG, BRANOJL

Bingapore

Every descalpiton of leaking and Exchange but INTEREST allowed on Curran Accognis

of

per cent per annum Bally Balanos and Find Deposite at rales that may be ascertained on application,.

O. L. U. BANDES,

Authorized Capital....$60,000,000.00 7 gon's Hand Central, Every description of Banking and Paid-up Capital

Hong Kong,, Juva, 6,′′ 1926. Exchange Business transacted.

Reserve Fund

Bafe Deposit Boxes to let. *:

OH, LEM,

Manager.

Hong Kong, 1st May, 1928.

LIMITED.

Established 1880.

18,278,600,05 9,629,426.24

HEAD "OFFICE; PEKING,

HONG KONG BRANCH: Queen's Road Central.

Branches and Sub-branches all over

THE YOKOHAMA," SPECIE BANK, China and Correspondents in Europe,

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

Yen 99,500,000

Head Offices-TOKOHAMA, Branches and Agencios at?

Alexandria.

Batavia. Bombay.

Buamos Ayres.

Calcutta.

Canton.-

Newchwang New York, Osaka

Peking

Hangoon. WWW. Rio de Janeiro. Saigon San Francisco. Tanzten (Mukden). Seattle.

Ubangchun, Dairen (Dalny).

Hársburg,

Hankow

Bemarang Shanghely Shtmonosti

Harbiai.

Honolulu. Fal.

Cientaln.

America, and other parts of the world. London Bankers: The National Pro- vincial and. Union Bank of England, Ltd.

The Guaranty Trust Company New York,

New York Bankers: The Iring National Bank

The Equitable Trust Company of New York in

Interest allowed on Current Accounts and Fixed Deposits. Terms on applica

Every description of Banking Boal. Dess transacted

Loans granted on approved securities. Special facilities for Home Ex- change.

BHOU J. CHEN,"

Manager."

THE BANK OF CANTON, LTD.

Established: 1012

Head Offee Hong Kong,

Azithorised› Capital '†15 5. Corrsand) $11,0000;

Manager.

UNCLAIMED TELEGRAMS.

THE GREAT NORTHERN

· TELEGRAPH CO., LTD.,

OF DENMARKSS

· Loin Fat or Lard

Sheep's Hoad & Ferti Heart Kidneys

Live

Sucking Pigs, to Bust, Beef

Mutton

Estrages

Water Blah.

of export duty, es Malaya is likely Canton Fresh to revert to this system on Novem ber 1.-"Ceylon Times.

GERMAN COTTON,

MORE PROTECTION ASKED FOR

Berlin-The situation in the cot-

are demanding better duty protec-

The following unclaimed teleton and linen industries is stated to grams are lying at the office of the be-far from satisfactory, and both Great Northern Telegraph Com pany (Limited) of Denmark:

Leejopriaco, from Shanghal Diamond, from Kobe Shunkot, from Kobe

VVETVĀJESSEN;"

uperintendent Hong Kong, 28th June, 1928.

THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH-CO. LTD::

The following -Ung "grama " are flying?

tion

At the annual meeting of the Lalon of South German Cotton In- dustrialists, the chairman, Gehe rat Lindenmever, of Augs stated that the past year wa general satisfactory but the fluence of foreign competitive. ditions had since ments which must rloty.

Franco-German,

deep

|Grabe Cutti

--Pigeons, - Canton

D

Grape

Artichokes Beaux, Sprout

Long

Beet Hoo Bitter Squash

·Cabbage,

Cane Bhoots,

Garrota Celery

·Chili

"Ginger."Young

金高新機花大道住者

Vegetables,

each

ALICE BRANCHES

BANAR, 20W, Tork; and, Bak""Faszolano

SILANT CONSESPONDENT