1928-09-25 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authortand, Öspital '«ayammum - $60,000,000 Lioned and Fully Pallop - $30,000,000 Reserve Funds

Kive

$14,000,000

Beserve Linblity of Proprietore **** $30,000,000

BEAD OFVIOS: HONGKONG

COURT OF DIRECTORS ;-

A. D. Compus, Esq.

Chairman.

H. 8. Drawn Bag

Deputy Chalisa.

H. Mr. B. D. F. Bajth, W, Xu. Prikačen, Z.

3. A. Flammer, Zag

W, M. Bell, Esq.

Kan. Mr. C. G. 8. Markla.

T. O, Wooll, Hog:

E. W. Masssy, Esq.

AMOR

BANGKOK

MATAVIA

It. p. White, Esq., Ohlal Manager

Hon. Mr. A. U. Mynw

-BRANCHES ; at

LONDON

LIONN

MALACCA

KANILA

KOUKDEN

METAX GALJUTTA CANTON

NAGABAKI

NEW TORK

FEMING

OULUKO DALKK' JOOCHOW

SAPHUNG

HAMBURG

ZANKOW

HARBIN

MUNURKW

31010 Ira

JuHusk

TROT

KUALA LUMPUR

PENANG BANGOON daIOUN.

DOSIONTHA NYA

SMANUAL

SINGAPURE BUCHABLI

DUNUZI PATANI

TIENT IN

TUNYC TSINGTAO SUNDHAMA

Onstar Accounts opened in Lol Curray sas Pied Doppelia received for ou fit ir paroda" in Local Currency and Wheeling Auch will be quoted ba sypJVELLOS. Hong Kong. 10th September, 1938.

HONG KONG SAVINGS BANK.

The Business of the above Beak le vendust by 4 HONGKUNG AND BHANDAL BANKING CORPORATION. Bules may be obtained on space.

YUR NE HONGKONU BANKING QORPORATION.

•

MILANUMAI

A. C. MYNNtly

Chief Managse-

Hát Xoan lệnh Đoplesber, 107.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NEIDERLANDS TRADING SOCIETZ)

BANKERS.

Established 181.

Hong Kong UB:--1) Queen's Hood Desien.

Authorised Unges

Paid Up Capital

How's Fuad

Quadas 150,000,000- 13,400,000.3 Quildmas 80,000,000- Builders 20,000,AUG-

Head Von:-(AMSTENDAM'). Essen Head Oos:-BATAVIA. BRANCHES:-Bandjaezaalu Bandheng') Bombay,

Calcutta, Chaelbow, Ji, Djember, jokskaria), The Hague'), Kobe, Kita-Kačju, Makassar, Medan, Pads Palembang, Pekalongan, Penang. Posilane, Rangoon, Botterdam' Bacarang'},

Bibolga Bhanghai,

Boeraba Bingapore, Boerakarta

and Watierrsion Tagal, stop

') Thane cfices havs sale deposit boxes to iss. Landon Bankers-Nasional Provincial Bank IAM,

Correspondante, sit over the world

Banking busines, CE STATY

Sasoription testsacted.

U. STEENSTRA,

Hoog Kong, 29th August, 1999,

Manager.

BANQUE DE L'INDO-CHINE.'

HEAD OFFICE:

90, Boulevard Haussman, Paris,

Baberibed Capital.. Fra. 72,000,000.00 Fald-Up Capital

Fr. 68,400,000.00 Reserve Funds .....Frs.102,000,000.00

BRANCHES:

Bangkok Hano!

Quinton

Battambang Hong Kong Saigon

Gunthe

Canton

Dijbout!

Mengtze Shanghai Nam Dinh

Hingapore Noumar Tientala Tourne

Fert Bayard Papeete

Haiphong Felding Vinh

Bankow Prom-Penh YunBERİS

Fondlebarry BANKERS

IN FRANCE: Comptoir National compte de Paris; Credit Lyonnais; Banque de Paris et des Paya-Bus; Credit Industriel at Commercial; Boelsba Generala.

IN LONDON: The National Pro- vincial & Union Bank of England, LAC.; Comptoir National d'Escompte de Paris; Credit Lyonasis.

IN NEW YORK: 7. P. Morgan & Co.; French American Banking Cor- boration; Guaranty Trust Co. of New Tork.

行銀商工法中

BANQUE FRANCO-CHINOISE

pour le

(Incorporated in France).

THE CHINA MAIL,

Commerce et l'Industrie

Prince's Building, Chater Road,

BRITISH TRADE

·`HEAD OFFICE:

74, Ene St. Lazare, Paris.

Capital fully paid up. Fr.50,000,000 REVIEW OF THE POSITION BY Special working capital..Fre.50,000,000 Fra 22,319,00€ Kosorve

Kong

BARCLAYS BANKS

MMERCE

AND

FINANCE:

June 28 June. 30

July

July 14

TUESDAY, SEPTEMBER 25, 1928.

The Conference is of the opinion that a broader acceptation of the

CHINA'S MINTS.

PROGRESS

TAEL TO GO NEXT YEAR

Labour and not only reflect a much Improved atmosphere In the sp proach to the problems Involved, responsibility of industry as a whole ONE AT SHANGHAI MAKING but also disclose a considerable for the avoidance of steppages of massure of agreemont in underlying work should be developed and, for principles. The object of the con this purpose, it proposes to form ferences was to discuss the entire Joint Conciliation Boards composed

Shanghal,Yesterday. field of Industrial reorganisation equally of representative trade and industrial relations, with a union leaders and of employere re Reuter learna that the new view to restoring Industrial pro- presentative of industry. These Shanghai mint, situated on Ferry- 4,546,600 sperity and effecting & progressive Joint Conciliation Boards would be road, is making steady progress 4,847,100 Improvement in the standard of at liberty to discuss and consider in and is expected to reach comple 4,471,100 living and though the Interim Re relation to industrial disputes, all tion in six months. It will cost 4,309,700 port issued in July covers only a questions of any character relating $6,000,000 and will have a capa- small part of the various points to to the industry under consideration city for the coining of two mil- Iron and Steel

be considered, it contains some im- and, when a dispute had falled to lion Sun Yat-sen dollars daily, in BRANCHES:

EXPORTS RECORD ·

Conditions generally in the iron portant proposals There is no in- be settled with in an industry, the addition to a large output of Parts, Lyons, Marseilles, Balgon,

and steel industry continue untention, it is stated, of interfering appropriate Joint Concilation subsidiary coins, Haiphong, Hanol, Tourane, Quinher Bus, Tannh-hoa, Vlah, Pnom Penh.

Although there have recently been satisfactory, for although recently, with the functions of the existing Board would, if requested, in The mint will be under the Peking, Shanghai, Tientsin, Hous indications, that, in certain direc some British manufacturers are joint machinery of employers and vestigate and report upon the control of the Nationalist Gov-

BANKKBS:

tions, British trading progress has reported to have booked a number trade unions, nor with the right to matters tending towards a dispute, ernment assisted by a committee FRANCE:-Societe Generale, Banque boen rather less satisfactory, the of fairly substantial orders and a withdraw or dispense with labour, the intention being that pending of Chinese bankers and will work Nationale de Credit Banque de Board of Trade returns, covering moderate degree of activity prevails but every effort is to be made to such a report, no stoppage of work on the "free coinage" basis. It Paris et des Pays But.

the-external trade of the country as in certain districts, the volume of further the co-operation of all those or alteration In conditions should is planned to make the silver dol

lar the basic currency, abolishing LONDON:Midland Bank Ltd.

the tael on July 1, 1929, When NEW YORK: American Exchange a whole, are of a fairly favourable business, as a whole, has falled to who participate in production and take plase, a

abow Improvement. The demand to ensure that they shall also

the mint is in full swing it is Irving Trust Co., Banca Commar character.

proposed to close up the mints at ciale Italiane..

Imports showed only trifling from the shipbuilding yards has participate In the prosperity of BAN FRANCISCO:-Bank of Italy.

variations from the figures of the declined and while a few more industry. After referring to the

Nanking and Hangchow. Reuter. Every description of Banking and preceding month and of June, 1027, contracts for new vessels have been success which the existing machin• Exchange Business Transacted. Cor- but British exports, particularly-in placed In the last few weeks, they ery for negotiation between employ respondents throughout the world.

relation to the corresponding month have been insufficient to replace ers and workers has achieved, it is L. BERNIS,

4 year ago, recorded a marked ex- those nearing completlen, so that no emphasised that there are various Manager.

pansion and the excess of imports immediate improvement in iron and ways in which it might be improved Hong Kong, 3rd August, 1928

over exports narrowed accordingly. steel requirements from that direc- and strengthened, subject to the The output of proviso that the application of the The returns for any particular tion is indicated. month, however, are apt to be steel ingots and castings in June element of compulsion would be un affected by seasonal and transitory was lower than in the preceding acceptable and undesirable influences and a clearer view of the month, while pig iron production! general trend to the country's trade also declined, and the number of is usually obtained from an examina- furnaces in blast fell to 141, com- tion of the statistics covering a pared with 148 at the end of May." Evidence, however, that British longer period.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1852. HEAD OFFICE: LONDON. Paid-up Capital Beserve Fund Bererro Liability of Proprie-

Agencies and Branches: ALOR STÄN

KUONING Biata)

tore

AMRITBAB

FABGEOK BATAVIA BOMBAY CALCUTTA CANTON DAWKPORE CENC COLOMBO

MADRAS

MANZEA

МЕДАН

£3,000,000 24,000,000

£3,000,000

NEW YORK FEKING PENANO PESHAWAH RANODOX BAIGON BEHADANG SEMELHAN BUANGHAI SINGAPORE SQURABAYA

DELHI

BAITRONO

KAMBURO

HANKOW

HARBIN (N. Manoharia)

TAIPING

BUNG KONG

(7.44,9.)

ILOILO

TAVOY

IPOEL

ZARAONI

ILANO

In the case of exporta, the tendency has bean less clearly de fined and although shipments of crude iron and steel have increased. fairly steadily, an opposite move ment was, until the second quarter of 1028, apparent in connection with semi-finished rolling mill pro

The position, in 1927 was conmanufacturers are now in a better siderably affected by the aftermath position to meet foreign competition of the coal stoppage and this factor is suggested by the fact that while was largely responsible for the Imports of iron and steel manu high level of Imports, particularly factures in June suffered further of raw materials, during the first contraction, exports were again on half of the years, while British ex- a larger scale. ports, after the opening months, were similarly influenced. In con- sidering the figures, changes in the price level cannot be entirely ignor ed for although export prices in the first six months of 1927 were only alightly higher than in the. two succeeding half year; import prices rose sharply in the second half of ducts, while exports of finished last year and were followed by a goods, after rising peralatently dur After making ing 1997, have since declined sharp. Foreign Exchange and General Bank re-action in 1928. ing business transacted.

Current Accounts opened and Fixed due allowance for these variously. Deposits received for 1 year or shorter considerations, however, the figures perioda at rates which will be quoted suggest that British trade during the current year has scarcely pro- on application

A. H. FERGUSON,

gressed as rapidly as might have Manager.

been expected. Hong Kong, 3rd April, 1928.

XUALA KANGSLE

Pers.M.A.)

KUALA LUMPUR

TIENTSIK TOKYO TONOHAN (Bakel) THINGTAD

YOKOILAMA

ZAMBOANGA

(Philippine isleade}

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

HEAD OFFICE:-Taipah, Formosa Incorporated by Special Imperial Charter, 1999,

raw

"Cotton and Wool

the resulting

not been sub-

RUBBER ESTATES

AMALGAMATE ST. IVES AND AMHERST COS.

K.M.A. OUTPUT.

The total output of the Kallan London, Yesterday, Mining Administration's mines The amalgamation of the St. for the week ended September 8, gor) Rubber Companies is an-sales during the period to 43,966 Ives and Amherst Estates (Selan- amounted to 77,182 tons, and the

nounced-Reuter.

tolis.

HONG KONG PRODUCE.

Bref Sirloin

་་

מי"!

MARKET

APPROXIMATE RETAIL PRICES.

Capons, Small

Doves

Eggs, Hen (cooking)

Eggs, Hen (treah)

Butcher Meat.

July, 20, June, June,

1928. 1918. 101

Cts. Cia. Cla.

4 x *

18 24 13

Prime Cut Corned

$3

28- 18

Chicken

28 12

Rogat

肉

23 24

21

Capons, Large

Breast

24

20

18

Duck

Boop

16 20

18

Steak

28 24 11

Steak Sirloin

4

80 83

H

Sausages

20 20

Ballock's Brains

par not 15

10-12

each 65

50 60

Tongue, corned.

60

Head

----$1.20

*+

Hump, Suit

10

Feet

Kidneys

Tail Liver

Tripe

Tongus, fresh.

Heart

11

Bhot, der Baddla

Very quiet conditions have con. tinued to prevalt in the cotton Industry and, in most directions, order books are not well furnished. Changes in imports of materials in June, compared with Recently, a slight improvement in A the preceding month; were mainly the volume of inquiries has been of a seasonal character, while, in noticeable, but comparison with a year ago, the business has most noticeable alteration was an instantial. A rather more bope Calves' Head & Feet..

Leg crease of £1.3 millions in the case ful outlook prevails in regard to Matton Chop of raw cotton, due partly to higher the demand for China, as sales at prices and partly to the receipt of the Shanghai auctions have, of late, From August 1, been on a rather larger scale and Central Bank in Formosa.

larger quantities. issuod Bank-Notes

Yen 45,000,000 1927, when the cotton year com shipments of piece-goods to that Pig's Callings

In on Average amount..

menced, to June 30, 1928, however, country have increased arrival totalled only 1,195 million endeavour to recapture a larger BRANCHES AND AGENCIES: JAPAN-Tokyo, Yokohama, Kobe, lbs., compared with 1,889 million share of the Chinese market, a

Osaka.

lbs. in the corresponding period of syndicate has been formed, ropre- Karenko, FORMOSA:-Gian, Kagi,

Keelung, Makong Nanto, Shin- 1928/7, although these figures must sentative of various sections of the Taichu, Tainan, Takao, not be taken as an accurate re Lancashire Industry, which will chik Toen, Heita, Taito

flection of the reduction in the de concentrate on the production in CHINA, bhanghai, Hankow, Amoy, and from spinners for the raw bulk of certain descriptions of

Foochow, Swatow, Canton. OTHERS: Hong Kong, Singapore, material. According to the reports cloth at minimum costs. It is hoped Boersbaya, Semarang, Batavia, of the Liverpool Cotton Association, by this menus effectively to meet Bombay, Calcutta, London, New deliveries of raw cotton to mille for foreign competition and, if success.

the 11 months ended June 30, 1928, ful, the intention is to extend the Sheep's Head & Fest. York, Dairen.

LONDON BANKERS: The London County Westminster and totalled 1,406 million ib, against scheme to other markets abroad, 1,484 milion lb. in the correspond. With the ultimate object of estab

"Parr's Batık. ·

cheria, Islogi Japho, Indo-Chins, Biam, India,

aku

Brains

.Feet

1

Fry

Head

--

Heart Klinoys Liver Pork Chop

Leg Lein

Fat or Lard..

Heart

Kidneys

Liver,

The Bank has Commspondents in the meeting period of the precoding season, lishing the cotton spinning section Centres in the Scropses Coatiesat, Boats, Mabut port stocks on June 1, 1928, on a sounder baals than prevalls at Philipplae Talode, Jara, Africa. U.... Australia Btood at only 485 million lb., com present, the Federation of Master Bucking Pigs, to order. Invitees allowed on Current Accurate, and Fixed pared with 782 million b. 18 Cotton Spinners Association la Bust, Beef

conducting an investigation Into Deposits at rate which will be quoted on applew months previously.

The Coal Industry.

the present financial position of the Yeal J. IHARA,

The number of persons employed industry and has recently issued a In the coal industry continues to questionnaire to its members, in Hong Kong, 22nd September, 1927. decline from week to week, and the order to obtain the detailed In

Deposita in Yen can be accepted,"

HONG KONG BRANCH:

Manager:

8, Des Voeux Road Central.

THE BANK OF CHINA. 行銀國中

(Specially Authorized by Fresidential Mandate of the Republic of China on the 22nd of November, 1917).

Authorised Capital.

Interent allowed on Current Accounta and Fixed Deposits according to : arrangements.

Every description of Banking sad paid-up Capital *Exchange Business transacted.

Safe Deposit Boxes do lot.

CH. LEM.

Manager,

Hong Kong, 28th August, 1928.

Reserve Fund

BBBBBBBBERER****«****

#

$1.30

b. 24 1814

84 2019

2

each -8

10 11

18

20

18

23 2023

24 18 14

met $1.20 $1.00 (1.00

44 24

40

80

Par set 8

Fowla, Canton,

Fowls, Hatzan Geese. Pigeons, Canton

Hollow

Turkeys, Cock

Turkeys, Hen

Snipe

Pheasant Quail

· Hartridges

Poultry.

百壽火火护山福

Fruits.

15 18

28 15 18

18

23. 23

Almondu

Apples (California).

· Bananas (bride's)

Carambola:

Cocoanuts Lemons, China

Lemons (America) Lichoes, Dried

Oranges (Canton) Oranges

Pears (Canton) Peanuts

Persimmons, Large:

Plantain

Pumelo, Blam

Walnuts

Grapes

新會設證

15. 20

each 15

1010

185 .10

lb..

· 80 · 24:

骨

38

40..60 2421

per set 99

each: 19

Mutton

Badsagės

牛仟源

Fish.

Bream

Canton

Water Fishi

Catish

downward tendency of the produc formation necessary to enable it to tlou figures is still in evidence, al: formulate its plans. Exports of though there are indications that both cotton yarns and piece-goods in Barbel the determined efforts of British the first half of 1928 were consider exporters to secure a larger shareably below those for the correspond- of overseas markets are meeting ing period of 1927, heavy declines, of piece-goods, being with a certain degree of success. In the CARE It is, perhaps, algnificant that coal recorded in the shipments to India, Carp

Codish $60,000,000.00 exports in the second quarter of Australia, Egypt and other import 18,278,600.00 1928 were higher than in either ant marketa, although certain out

9,429,425.24

In lets took increased quantities. Cattle Fish of the two preceding quarters. quantity, shipments in June, al-The activity in the woollen indus-Dab though less than in May, try in the latter half of 1927 and Dres Blightly heavier than in June, 157, the early months of 1928 was not Dog 4. Queen's Road, Central. and the steady fall in prices refally maintained in the second Branches and Sub-branches all over corded in recent months was arrest-quarter of the current year and Americs, and other parts of the world. ed, the average fo.b. value per ton shipments, particularly of woollen London Bankers:-The National Pro- of coal exported being 158. 74d and worsted, tisanes; suffered a vincial and Union Bank of England, compared with 15s. 74d in May, sharp contraction, although for the The Guarants Trust of with 158. 9d. in April and with fist six months of 1928, "exports (02

HEAD OFFICE: PEKING.

HONG KONG BRANCH:

THE YOKOHAMA SPECIE BANK, Chins and Correspondents in Europe,

LIMITED.

Established 1888. Capital (fully paid-up) Yen 100,000,000 Reserve fund

Yen 102,500,000

Head Office: YOKOHAMA, Branches and Agenciou att

Alexandria.

-Buenos-Ayres.

Dalrai (Dàiny). Tength's (Mulden). Kamburg..

Newchwang. New York.

eking.

176, 10d. in June, 1927, woollen tissues, and

Yarand New Yock,

New York Bankers: The Irvin

Irving In view of the difficulties con

orsted yarns compared favourably fronting the basic industries gen

with the corresponding National Bank,

The Equitable Trust Company of erally, and coal mining

year ago." In“various oth New Okkrage,

ticalar, representations have recent Interent allowed on Current Accounts and Fixed Deposits. Terms on applia ly been made tion.

MARTELLE that the relier wh inscription of Banking Bus to afford to coal Loani granted on approved securities WAY dreight com Special facilities for Home from the Governm

posals, woul change. D

conaned. Loreign

THE BANK OF CANTON, LTD.

stablished:

furnaces Govern

seek

bri

Artichokes

Bears, Sprout

#

Long

Best Root

Bitter Squash

Brinjala, Green

Vegetables,

Red Cabbage, Chinese

(Shanghai)

Cane Shoots, bunch Cauliflower (Large)

(Mediars (Small)

Carrots Celery, ChinéeS Chillies, Dried

Red

Green

Carry Stuff, Engl Cucamb

Ginger

business in the

Government hall ably

shows

Losch Lobs Mackerel

20

Water

activa

derating pro

effective. If För for blast beavis

cycle

July, 20, Jane, June,

1928. 1918. 1916.

31

25 -20

38 24

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HIMAR 18 |||||

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