1928-09-20 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Loved and Pully Paid-up ummingsnes, 636,100,000 Kosurve Funds Ima

Berling

# 8,000,000 $14,000,808

Basseva Liability of Proprietore $39,100,000

HEAD OFFICE: HONGKONG.

COURT OF DIABOTURE 1

& H. Copion, Reg. Chairman.

N. B. Brown, E.

Deputy Chairman.

Man. Mr. B. D. Z. Beith.

W. K. Bell, Hog.

W.'L.. Pečkemäsh, Bag,

“J, A. Mameter, Boq.

Kan. Mr. C. CL. 6. Maoke, T. C. Westi, Moç.

P. W. Masnoy, Esq.

H. P. White, Evg. Chial Manager. Elou. Mr. A. D. Hyam

ΚΟΙΝΟΤ

LYONS

BRANCHES -

AMOT

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO

COLOMBO

DATENG

BOOCHOW

HALPHONO

HAMBURG

HAWKOW

HARBIN

HONOKET

WALA

Пон

JOHORE

XOF

KUALA LUMPUR

MALAODA MANILA MODEDEK

NAGARAMI

NEW YORK

PEKING

РЕМАНО RANGOON

BALOOK

BAN FRANC1200

SHANGHAI

SINGAPORE

SOUBABATA

GUNGHI PATANI TIENTSIN

TOKYO

TRIKOTAŬ

YOKOHAMA

Current Ascanie opased in Local Currunay Bad Flued Deposita saved for ona s anarser peciuda Local Curday and bleeding sa term which will be quoted on appilosklons Fong Kong, jih September, 192.

HONG KONG SAVINGS BANK.

The Business the above Rank li soduct- ed by the HONGKONG AND SHANGHAI BANKING DORPORATION. Balag may be obesimai qu application.

KONGKONG JOB THE BANKING CORPORATION.

▲ BHANGHAI

A. C. HTHES,

Calal Малорос

Hong Kong, Wh Segismber, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NEFURRLANDS TRADING BOOLXTX)

BANKERS.

Katabilehed 1994.

Hoàn Long Commit Suma's Shred on th Authorizal Capital ........... Quilder 150,000,000- 100,000) Guld 80,000,000

Fad Up Deplial-

Beserve Fund

(5,666,170) Auldara 40,000,000- {28,438,588.)

Heni učios :--(AMSTERDAM'), Enslern Head G-BATAVIA,

BRANCHES--Bandjarmasin Bandoeus') Bombay, Caluita, Oberban, Jiddah, Djember.. Djokjakarta), The lingus'), Kab Kma-Kadja, Makassar, Medan, Padang Palembang,

Fron

Bibo Bhanghai,

Boarba Singapor Boerakarta (Bele), Tegal, Tilletjes

Pontianak, Bangor,

Bazarang).

(male))

and Wallaurada

Them often hava sala deposit boxes in let. Inson Bankers 3--National Parindal Bank Láš.

Correspondis all over the world

Basking business of vary

decription transacted.

0. STEENSTAL

Hong Yong th August, 1973,

Mackgs.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Bubscribed Capital.. Fr. 72,000,000.00 Paid-Up Capital ....Fr. 68,400,000.00 Reserve Funds ....Fra102,000,000.00| -BRANCHES: Bangkok Hansi

Quinhon Dahamiang Hong Kong Saigon Leathe Mengtze Shanghai Canton Nam

Dinh Singapore Dysbouti Noumea Tientsin Fort-Bayard Haiphong

BALLOW

Tostane Vinh Prom-Penh Yunnanda

Pondicherry BANKERS:

行銀商工法中

BANQUE FRANCO-CHINOISE pour le

Commerce et l'Industrie (Incorporated in France).

Prince's Building, Chater Road,

Hong Kong.

**HEAD OFFICE;

74, Emo St. Lazare, Paris. Capital fully paid op....Fra.50,000,000 Fr# 50,000,000 Epecial working capital

Fr. 22,319,000 Beservis

BRANCHES:

Pucka ut den Paya Bha. LONDON Midland Bank Ltd. NEW YORK:~~American Exchange

riale Italiana. SAN FRANCISCO:-Bank of Italy,

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

CANTON & COTTON. RUBBER POSITION,

H.K. PROTEST". AGAINST NEW TAXES.:

HEAVY LOSSES.

ANXIETY IN HOLLAND AS TO DEPRESSION.

STATISTICS.

[By A. W. Still in the "Stralts

Times"] =

quiries addressed by the Dutch Minister of the Colonies to the Governor-General of the Dutch East Indies in reference to safeguarding measures. It is certainly fact that there is considerable anxiety in Holland as to the effect of pro- longed depression of rubber prices on the finances of the East India Colonies, but I doubt very much indeed whether local administrativa difficulties can be overcome; and I am not quite sure that the Dutch would find the British very roady to place themselves under any kind of Government control if the object thereof was mainly to relieve the Dutch from embarrassments · duo entirely to their refusal since 1922 to join in a common export for the common good.

COMPLICATIONS.

Paris. Lyons, Marseilles, Salgor, Haiphong. Hanol, Tourane, Quinlion, Huả Thành hoá, Vinh, Pnom Penh.

Peking, Shanghal, Tientsin, Hong The new tax levied on Japanese cottons by the Canton Govern- Kong,

BANKERS:

I observe that the "Financial FRANCE Societe Generale, Banquement is reported in the vernacu

Nationale de Credit, Banque de lar Press not only to be causing Times" stock indices show a rise inconvenience to the Canton mer-in rubber sbare-values during July, chants but, indirectly, it is ham-The figuro in January was 80.5 (the

The simple fact is that men whose Irving Trust Co, Babca Commor pering the cotton trade of the base, 100, being on October 15, Interests have been disastrously al- Colony. The tax has been col-1926). It was at lowest, 52.5, in fected by the weak, misguided and lected by the Japanese Economic the first week of July and has since most l-timed action of the Baldwin Severance Commission in conse-risen to 56.6. The explanation is, Government have come to the con-

I think, that the weak holders have clusion that after such a "dirty. quence of Shantung incidents.

According to the vernacular re-now, for the most part, been clear desertion" they will be safer if they port, the Chinese General Cham-ed out, and that there is a con- have no more to do with Govern ber of Commerce in Hong Kong aiderable increase of inquiries from ment; but this need not exclude has lately appealed to the Canton Investors who can afford to lock up discussion among producers of all Government on behalf of the their purchase until the industry rationalities as to ways and means local cotton guild for the aboll-recovers from the adverse condi-of safeguarding their own interests, tion of such taxes...

tions created by Government action as far as may be possible, by

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

L BERNIS,

Manager. Hong Kong, 3rd August, 1028

►

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858 HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund Reserve Liability of Proprie-

tors

done.

It is alleged that the tax on Suppose a packet of shares was voluntary efforts. I do not at pre- cotton in stock at Canton is 80 worth £84 in December, 1927, and sent see very clearly what can be per cent. ad valorem, with the re-can now be bought for £56 by an sult that the Chinese cotton firms Investor who believe that in two blem looms very, very large, but The Asiatic producer pro- in Hong Kong which have branch years it will be worth £84 again differsties are not a conclusive £4,000,000

offices in Canton, are suffering He is prepared to lose dividend for £3,000,000 heavy losses,

23,000,000

Agencies and Branches:

ALOR STAR

(Malay Bik)

AMBETAR

ΠΑΝΑΙΟΙ BATAVIA BOMBLY CALCUTTA OASTOR

СА МИРОДИ CRBD COLOMBO

DELHI

RUCHING

MADEAR

-MANILA

MEDAN

NEW YORK

PRZINO

PEKANO PESILLWAR RANGOON BAIGON

BENAHANG

BERENDAN

HAIPHONG

BHANGIAL

HAMBUNG

BINDAPORE

HANKOW

BOURABAYA

KARLIK (N. Manchuria)

TAIPING

HOW TO

(V.M.B.)

ILOILO

TAVOT

ІРОН

TIEXTBIN

KARACHI

TOXIO

KIANG

KUBA

TSINGTAO

KUALA KANGRAB

Farah (P.M.B

KUALA

TUNGKAH (Dhuket)

YOKOHAMA

ZAMBOANGA

[Philipylda Islanda)

Foreign Exchange and General Bank- ing business transacted

Current Accounts opened and Fixed Deposits received for 1 year or shorter perioda at ratos which will be quoted on application.

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

Manager.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO).

COCOA

OpSOCIATION.]

two years at, say, 18% annually, Justification for

doing nothing. A reply has lately been receiv-and he will hold the packet of They can never be overcome unless ed by Mr. Ip Lan-chuen, secre- shares at £3 less than he would they are closely examined and bold-

ly grappled with, tary to the Chinese General have to pay for them when they Chamber of Commerce, which recover to £84. A good many retir- suggests that the case should be red men, who had pat practically the SUNDAY AS LABOUR HOLIDAY. referred to the Kuomintang Ad-whole of their savings futo rubber,

Among the suggestions made 1 visory Commission.

could not face two years. during notice particularly that put forward which they might have no income, by Mr. Maurice Maude in favour of They were compelled to sell at the abolishing Sunday Sabour. The best price they could get in order suggestion was made in 1920, I re to have enough to live on during member, but was then regarded as the threatened period. Their mie- insufficient to meet the emergency, fortune was the opportunity of the and 'difficult to Introduce as being capitalist who is not worried by contrary to the customs of the immediate necessities, and I am people, the Chinees particularly, It wafraid that a very considerable bringa in again something of Gov- number of people of moderate ernment interference, because with means have been very badly hit, but out official prohibition, it would The it is probably à fact that rubber receive very little attention. shares are now held in stronger view most widely favoured seems to hands and that, consequently, price be that all the large producers fluctuations will be less marked. should rest areas which have been As a whole the dollar shares seem heavily tapped in the past, and to have suffered more than the should refrain from tapping young sterling, and this is no doubt ex-areas which give but a poor return

for the labour bestowed upon them plained by weaker holding...

PROPOSED LIVERPOOL

DIRECTORS.

OBJECTS OF COMPANY.

The scheme set afoot in May last for the formation of a Cocoa Asso- ciation for Liverpool has been under the consideration of a committee then appointed, who have now sub- mitted a number of detailed recom- mendations. They are that a limit ed company should be formed to be called the Liverpool Cocoa Assocía-

HEAD OFFICE:-Taipeh, Formosa.tion, Ltd., with a capital of £20,000

Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formona. Bank-Notes issued

Average amount .. Yen $5,000,000

of

I think it is generally agreed that A STATISTICAL POSITION.

the longer a younger area de loft un. Permit me to quote two items tapped, the stronger and healthier which do not seem to have any con- it will be when it reaches maturity. Self-denying ordinances applied to nection with each other

(1) Mr. Crosthwaite, at meat-such areas would be safeguards of ing of Semenyih Rubber Estate: the capital assets of the companies, "The Industry is getting rid of and they would reap the benefit Government control in a few when more rubber la wanted, as it

hence. monthe time. Government con- certainly will be, two or three years trol is probably quite e good thing if the Government is a strong one, but if it is weak there is nothing worse than to have a business controlled, thereby,"

in 200 shares of £100 each and that the first directora should be ten in number comprising merchants and brokers dealing in the commodity concerned, with Mesars. Harmood, Banner and Son as secretaries.

The objects. of the company are BRANCHES AND AGENCIES; JAPAN: Tokyo, Yokohama, Kobe, set out at considerable length. They

Include the provision and mainten Quake.

of a FORMOSA:-Giran, Kagi, Karenko, ance

cocoa market and Keelung, Kakong Nanto, Shin exchange in Liverpool or else- chiku, Taichu, Tainan, Takso,

where; the promotion and pro- Tamrat Toen, Holto, Tatto,

the production CHINA:Shanghai, Hankow, Amos, tection of

Fooehow, Swatow, Canton.

Jand dealing in cocoa, Cocoa OTHERS:--Hong Kong, Singapore,

Bosrabaya, Semarang, Batavia, beans and other products; the estab Bombay, Calcatta, London, Newlishment of a clearing house for the Tork, Dairen.

settlement of contracts and facilitat- ing payments; the indemnifying of members of the company in respect of damage arising out of breaches of contracts by other members, also the indemnifying of members in the Case of bankruptcy or insolvency of other members, and the guarantee ing of members' payment in respect of contracts with other members; For the first time since and the constitution of a tribunal the third week in April there was of reference to arbitrate upon dis- a rise instead of a fall in London putes and differences,

It was a small one, 107 The directors are not to be an- tons, and need not cause undue tilled to remuneration, but the com- alerm, but it may have been induced pany may declare dividends to be by the publication of the Malayan paid to members.

LONDON BANKERS:- The London County Westminster and

Parr's Bank.

The Bark on Onerespondants to the Dommerpfal Costres in Bumpers Coetisans, Eusin, Stan olapias Tangina, Tapas, Indo-Chins Blace, india, | Philippine" Iblanda, Jars, Airion, U.budu kuniralls,

Interes allowed on Current Account and Mrs IN FRANCE: Comptoir National Deposits si paha which will be quoted on applice d'acompte de Paris; Credit Lyonnais; do. Depandia in Yan' oun be accepted.

J. IHARA, Banque de Paris et des Pays-Bas; Credit Industrial et Commercial; Sociale

Generalo

IN LONDON: The National Pro- rucial & Union Bank of England, 14., Comptoir National d'Escompte Paris; Credit Lyonnais.

da

IN NEW YORK: J. P. Morgan a Co.; French American Banking Cor poration; Guaranty Trust Co. of New Yerk.

Interest allowed on Current Accounta and Fixed Deposita according to arrangements.

ניי

HONG KONG_BRANCH:

Manzgar.

B, Des Voeux Road Central. Hoar Kong, 22nd September, 1927.

THE BANK OF CHINA. 行銀國中

(Bpecially Authorised by Presidential

Mandate of the Republic of China

Security Deposit, on the 22nd of November, 1917).

Members desiring to trade in the Authorised Capital... $80,000,000.00 Ring, and become Clearing House 18,279,600.00 members, must deposit security as 9,029,425.24 provided, and have a place of busi ness within half a mile of the ex- change:

Every description of Banking and Pald-up Capital Exchange Business transacted.

Beserva Fund

Safe Deposit Boxes to let.

HEAD OFFICE: PEKING.

(2) Egyptian Prime Minister to a delegation of cotton cultivă- tors who had been alarmed by rumours that the Government would sell its stocks: "We will' burn the Government stocks of cotton if that is necessary in the interests of the cultivatora.

It seems rather sad that we should have to go to the land of the Pharoah's for an example of a strong Government.

stocks.

WOMEN'S HEADACHES. stock census, which has created an To some women-headaches.seem Impression that there will be a very almost a birthright. At periodicall

intervals their headache always big surplus of supplies on the mar- ket after October. 31. My own comes on, and with it usual- view is that the figures are less ly are internal pains that persist alarming than we were led to ex for days. When the climax has pect, and I analyse them in this way, passed the sufferer emerges pallid MALAYAN STOCKS, JUNE 30, and weak, only to be stricken down again after a few more weeks in mended of mini A schedule is appended of mini p

precisely the same way. 4 Queen's Road Central

mum rates of commission per con- Stocks on Estates... Branches and Sub-branches all over China and Correspondents in Europe, tract of 10 tons of cocoa beans, Stocks held by Dealers THE YOKOHAMA SPECIE BANK, America, and other parts of the world which may be chargeable by mem

London Bankers: The National Pro-bers of the Association as between Total in Malaya vincial and Union Bank of England, themselves, and by members deal- Normal Working Stocks Ltd.

On Estates Guaranty Trust Company of ing with cutalders, the former being

Held by Dealers

OH, LEM,

Manager.

Hong Kong, 28th August, 1928.

LIMITED.

HONG KONG BRANCH:

Established 1880, Capital (fully paid-up) Yan 100,000,000 New York. Reserve fund

on a lower scale.

Ten 102,600,000 National Bank

New York Bankers: The Irving A further provision is that all The ansactions of whatever nature The Equitable Trust Company of Head Offee-YOKOHAMA,

New York.

Interest allowed on Current Accounts round the Ring provided in the Ex-Ordinary Estate Reserv Branchon and Agencies (

and Fixed Deposits. Tarms on applice-change, or at the Call

Alexandria,

Batavia Bombay," Buenos Ayres:

Calcutta

Canter

Changthan

- Dairan (Dalny}}

Fangties (Mukden),

(Hamburg)

Newchwang

New York.

Osaka

Peking.

Rangoon

Rio de Janeiro,

Safron

San Francisco.

Seattle.

Every description of Banking Basi- ness transacted.

mast take place publicly and audibly

15,000 18,000

Tona 44,701 13,688 Innumerable women the world

over have found complete and

per 58,827 manent cure for headaches and all that they mean in Dr. Williams' Pink Pills, The reason is very simple Ite that these famous 28,000 Pills are a powerful Blood Tonic, and through the blood build up the 36,827 nerves and restore debilitated or 12,000 gans to fresh life and activity

· With the rich, red, blood creat 18,827 ed by Dr. Williams Pink Pills coursing through your veins, you dekly feal a different woman—or Appetite increases, the

It Is Intimated that all informa Actual excess stocks tion, desired may be obtained from

this analysis) the RIGA Hon that the figures

**Loans granted of approved securities any of the proposed directors or I

|_ Special facilitia for Home Ex-from the secretaries (Harmood assum

Banner and Son, 24,

** SHOU 14 CHEN, A

Manager.

street, Liverpool).

The proposed directors are as fol

low

THE BANK OF CANTON, LTD.

that

THURSDAY, SEPTEMBER 20,

KAIPING COAL

HOME

FACTORY

AND

BUNKERS

FOR ALL PURPOSES.

POWER

HOUSE,

TUGS &

LOCOS

THE KAILAN MINING ADMINISTRATION,

'Head Office:—TIENTSIN,

Agents:-DODWELL & CO, LTD., Hong Kong,

ASK FOR

GUINNESS STOUT (Monkey Brand) BASS L. G. ALE (Stones)

Slocked By

Messrs, Chan Yuen, 6, Cochrane Street, Hong Kong Messrs. Hung Cheong, 66, Nathan Road, Kowloon.

Sole Agents:

WAI ON TSEUNG, LTD.

243, Des Voeux Road Central

Tel.

1. C. 711.

DAILY CROSS-WORD PUZZLE.

(This cross-word puzzle has been made by an expert occasional but our readers are warned to look out for o phonetic spellings, such as harbor, plow, and altho.).

12.

17

21

45

HORIZONTAL" 1-Gloomy a 5-Cobbler's tool (pl.)

Product of vineyard 10-Reparte

·12-Forshead”.

∙13-Femals rabbit

15-Route

17-Bars

18-Part of foundation

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©THE INYLRMATIONAL: #VIDIA GTE.

HORIZONTAL (Cont) [· VERTICAL (Cont.)

88-Worms used for

bleeding 40-Ench (abbr) [41~Outside:*

43-Priest of ancient

Britons

44-8hallow viscol 46-Bow of a ship

47-Rage: 48-Tree,covering.....

54-Limite

of frame house 205 40-Running knot Kalbaghlight 61-8mall bottles 20-To turn to the of 55-Failure

21-Prenoun 22-Pisos for gamien 24-A transportation

route (abbr.)

27-Fruit of the oak

29-Pola, with blade 30-Damure +31-Fuses, as ors

87-Prapositions

VERTICAL

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́a u diller 4-Pertaining to the

middle

·B-Girl's enese 6-Ourselves 7-To Infold 6-Vitrited sinderg 9-Iron framework

[12–Two-masted vessel.

16-Possessive pronoun

16-BOTLA 19Attain

22-Littla.

25–Solar body (pl.).

26-Fish spaWTI

32-Grieve

25 colineated

Bancomaston

35-Rends $8-Became submerged: |39-Mongrel dón 200

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good. |00%Bunday,school

184.On the inside

BUGGESTIONS FOR SOLVING CROSS-WORD PUZZLES

for Start out by filling in the words of which you feel reasonably sma These will give you a clas to other works crossing them, and they in turns to still other letter belongs in each white space, words starting at the yumbered squares and running either horlsontally oc

(Trio eplution of the above cross-woord

appear th

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SOLUTION

HONG KONG HEIGHTS

of-some<of the the I ́land and

visitörs

Tian

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...$12,000,

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