1928-10-10 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Aestored Capital saameramanier in $88,100,000- besed and Pully Paid-up.com $20,000,000 ko. Panda

Meriting mannosemarine@ 1,000,000

...$4,000,000

Rosario Liability of Fropriators was 830,000,000

HEAD OPP:08: HONGKONG "

OGURT OF FIRECTORS:—-

4. Complon, Eag.

badroom

N. H. Braden, Rag.

Deputy Chalem,

Men Mr. B. D. F. Beth. W. Paitanden,· Log.

3. A. Plummae, Zag

Mr. G. Q. 8. Mackle. T. 0. Wanil, Req.

P. W. Masty, Eng. 11. P. White, Eng.

Chli gır

Mon. Mr. £ 0. Bynes

BRANCHER : •

KOT

TONTWWS

WINGESL

LIONE

MATAVIA

MALADOA

MANILA

MODEDEN

MONDAY CAZZUITTA

ΠΑΝΤΩΝ

ONTWID

POĽOVRO

MAIRE"

#HOR

WSIPHONA

HAWRTING

SANKA

HARDIN

*O*AMEW

TECTIO

וואי

FOR

WORK

KUALA LUMPON

NAGABAKI

*EW YORK

PEKING PENANO RANDCON RATION

SAN FRANCISCO

SHANGHAI

RIKOAPORN

BOURA HATA BUNGRI PATANI TIENTAIN

TORVO

THINGTAO

YOKOHAMA

Pro Arrunta opened to Local Curremer and Tapolis inpaired for one rear w Kaeser revinde in Local Currency and Burling warm which will be quodala spplication. Hong Kong, 100 September, 1929.

HONG KONG SAVINGS BANK.

The Harison of the abova tak le conduc

by the EEONDRONG AND BHANGELAT HASSING CORPORATION, Rules may be zbrained an application

PUR THE HOSABONG & BANKING CORPORATION,

BHANGEM

A. C. HYNES,

Chial Manags.

You Krog, lib. Sepember, 187,

NEDERLANDSCHE HANDEL MAATSCHAPPLI.

(NETHERLANDS TRADING SOCIETY)

BANKEDI

Established 1924,

www.w

Dong Yong' Oos-là Queen's Hood Central disunan Capital saiona. Qulders 160,000,000- (818.600.000.) Panlip Capital Gullders 80,000,000

(25,506,370.) Fuerte Fabid .....

Quid 10,000,000

(CB,150.00%)

Hand on :-(AMSTERDAM"). Erasern Hoed OMO#:-BATAVIA. BENOITER)Bandjerments Bandong') Bozbey,

Calmatta, Cheriden, h, Djember, Dakiskasta"), The Lingos), bu Kota Hadja, Makassar, Medan, Polan Palembang,

Iskalongan.

Tenisza, Bangoon, Bosterden, Bhanghai, Bhola Bemarang'},

Bingapore, Bourable. Boersarts (Bola), Tegal. Tilkija and Wetterendam,"j

These allies have safe deposis bosa, to lạc London Barker:~~National Provisoksi Bank Lád.)

Correpondente, all star som world

Banking business of every

Amaripičan trauenced.

O. STEENSIBL

Hong Kong, Fik August, 1989.

Hanager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris,

Fr. 72,000,000.00 Subscribed Capital' Reserve Funds ....Fra.102,000,000.00

a =

行銀商工法中

BANQUE FRANCO-CHINOISE pour le

Commercé et l'Industris (Incorporated in France), ̧ Prince's Building, Chater Road, Hoar Kong:

HEAD OFFICE: 74. Rue St. Lazare, Paris. Capital fully paid up....Frs.50,000,000 Special working capital. Fr.50,000,000 ...„Frs,22,810,00||| Reserven ***

*

BRANCHES:

Paris, Lyons, Marsollles, Saigon |Hunhours. Hazol, Tourane, Guinhon Hus, Thaab-hoa, Viah, Pnom Penh.

Peking, Shanghai, Tientala, Hong Kong.

BANKERS: FRANCE: Societe Generale, Banque Nationale de Credit, Banque de Paris at des Pays Bas. LONDON: Midland Bank Ltd. NEW

Exchange YORK:-American

Irving Trust Co. Banca Commar ciale Italians. BAN FRANCISCO:-Bank of Italy.

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

L. BERNIS,

Slanuger. Hong Kong, Jrd August, 1928

THE CHARTERED BANK OF INDIA, AUSTRALIA & ́CHINA.

LAND SALES

"SIR ROBERT HO TUNG'S

PURCHASE

KOWLOON AUCTIONS

THE CHINA MAIL,

COMMERCE

Three lots of Crown land were sold by auction at the Public Works Department yesterday, the biggest by the Ho Tung interosta after spirited bidding. Details follows:- Kowloon Inland Lot No. 2,143, at the junction of Nathan and Prince Edward-roads, 20,660 square feet, annual Crown rent $286, lease 76 years with option of further 76, building covenant of levelling in a year and expenditure of $60,000 in rateable Improvements. In two years, upset price. $46,237.50-sold to Sir Robert Ho Tung and the Lee Wah Co. for $49,700,

New Kowloon Inland Lot No. 1.167, at Ki Lung Street, Shamshui- po, 952 square feet, annual Crown rent $6, lease 75 years, building

Incorporated by Royal Charter, 1853.covennant of $4,000 (in two years)

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund ...

Reserva Liability of Propriv

turs

and levelling in one year, upset £3,000,000 price $1,428, at which it was sold .£4,000,000

to Mr. Mok Kwa-cheuk of No. 157,! £3,000,000 Lalchikok Road.

Aguncles and Branches:

ALOE RTAH

(Malay Male)

AMITHAL BANGKOK HAYAYIL BOMBAY

1 ALLOTTA CANTON CAWNPORE CEA COLAM DU DELU

XUCHING

MADHAR MANILA MEDAN NEW YORK PEKING PENANG PESILA WAH BASULON SAICON SEBARANG SEREMBAN BUANGHAI SINGAPORE NUCUABAYA

JAIPHONG

HAMKORO

HANKO

RABBIN 18. Manchurial

TAIPIN

LUND KUNG

(P...

110110

TAVOY

TIENTSIN

БАНАСЕН

KUALA KANOBAR

Perak (V.M.6.).

KLAND

1402

KUALA LUMPUR

TOKYO

TONOKAR (Bhukos)

TRINOTAU

YOKOHAMA

ZAMBOANGA

[appan 14lande)

New Kowloon Inland Lot No. 1,168, at the junction of Apliu and Shek-kip-mel Streets, Shamshulpo, 5,814 square feet, anaual Crown rent $40, lease 75 years, building covenant of $4,000 (in two years) and levelling in one year, upset price $8,720, at which it was sold to Mr. Wong Iu-tung of No. 48, Bonham Strand.

EGGS FROM CHINA

The growth of the export trade Foreign Exchange and General Bank-of eggs from China is quite rapid ing business transacted.

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

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

Manager.

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

HEAD OFFICE:~~Taipeh,

Incorporated by Special Imperial Charter, 1899,

Central Bank in Formupa. Bank-Nates Issued

Average amount

Yen 46,000,000 BRANCHES AND AGENCIES: JAPAN:-Tokyo, Yokohama, Kobe,

Osaka,

AND

FINANCE.

"C. & B." INC.

AMERICAN SUBSIDIARY COM- PANY'S DIVIDEND

SUCCESSFUL START

MANCHESTER TRADE American subsidiary of Crosse

CHINA STILL A QUIET MARKET

COTTON. OPTIMISM

WEDNESDAY, OCTOBER 10, 1928.

SUGAR MARKET

NATAL MEETING CUBAN ∙COMPETITION

BIG PRICE CUT

Durban,Yesterday.

EXCHANGES.

TO-DAY'S QUOTATIONS.

On London Bank, wire

In order to meet the competition of the Cuban sugar imported ticary 4 mouths. American ports the Natal producers

sight...

have been compelled to make large On Marie-te price cuts down to bed rock in the On demand

sugar Credits, wholesale price of Natal Hitherto 25/- per 100 lbs, it has now been reduced to, 22/-, being the same prica as Cuban sugar sold at Durban.

Crosse and Blackwell Inc., the

and Blackwell Limited, have out of profits paid their first quarter's Preference dividend and carried forward a surplus. The Prefer- once shares on which this dividend has been paid were issued in New York last June at $52 for each no-Reuter, Spot cotton showed an upward par-value share; their dividend of tendency during the past few days $3.50 per annum is to be guaranteed and now stands practically 20 points by the English parent company until higher at Liverpool on the week.the dividenda, on outstanding stock The chief factor appears to be the have been earned twice in each of report of increased sweevil activities two consecutive years ending June'

Following is 'Hutton's dated September 5:

report

John D., 3d., Directs Negro Bank.

The establishment of a new bank for the accommodation of the Negroes in New York City by John D. Rockefeller, J. marks the entrance of John D. Rockefeller, 3rd, into the busi- ness world. He has been ap- pointed a director of the enter- prise and, although still a sta- dent at Princeton, he will spend much of his time learn- ing the banking business by 'actual practice.

30. It would be interesting to know how many times this quarter's dividend was covered by the quar- ter's earnings. The number of Pre- ference shares issued was $2,000, so that a quarter's dividend would require $45,500.

WORLD TO HELP

RE-CONSTRUCTION PRÓ- GRAMME IN CHINA

On Berlin- On demand

2/- 1

|Bank, on demand ....... 2/- 5/16

Bank, 30 days' sight.

Bank, 4 months" sight 2/- 14

Credits, 4 months'

aight

2/1

2/1.

12571

4

months'

sight

1992

On New York-

49%

Credits, 60 days" afght 50%

On Bombay

Wire

194

On demand

184

On Calentia—

-184

134

Singapore....

86%

98

7734

Nanking, Yesterday. Mr. Sun Fo, in an interview with Reuter, emphatically denied reports; that the National Government would not welcome foreign capital for the development of Chinese Industries and commerce. He declared that China, crippled by years of Inter- necine strife, needed capital to build up the state and looked to European and American financial Interests to nasist the gigantic reconstruction programme. He said the time was not ripe to reveal the results of his conversations with American finan- cicra-Reuter.

[Note: Mr. Sun Fo only recently returned from an extensive tour.]

GOLD STANDARD

JAPANESE BANKERS AND THE GOVERNMENT

Osaka, Yesterday. The report that the Tokyo Clear- ing House bankers have at last come to the conclusion that the time is ripe to urge the immediate restora- tion of the gold standard and that they will shortly pass a formal re- solution to that effect, has been received by bankers here with ap proval and satisfaction, because they have long been unanimously In favour of immediate restoration. However, they regret that the Ja- panese Government is still hesitat- Ing. It is difficult to tell how soon the pressure of public opinion will force the Government to make a decision. Reuter,

BRITISH FILMS

A NEW COMPANY'S

ACTIVITIES

On demand

Wire On demand

'On demand

De Manila On demand

Leshanghai-

On demand

gà con có nhet crivate

paper).....

On Yokohama ā--

On demand

tld f. 100 Ane

¡per tael) Bovereigns

buying rate) Silver (per oz.) Bar Silver in Hong

107.

(Bank's

9.55 27

:

:

Kong

84% Prem. Chinese Copper Cash nun. Chinese Copper Cents 6% prem Date of Native In

70% p.n. terest, Chinese Sub. Cofn 29% dia. Hong Kong Sub. Coln Par.

LONDON EXCHANGES:

London, Yesterday.

Paris

New York

Oslo

Vienna

124.15

4.85 3/82

Brussels.

34.90

Geneva

25.20

Amsterdam

12.09

Milan Berlin

92.60

20.39

Stockholm

18.18

Copenhagen

18.19

18.19

34.455

Prague

16314

Helsingfors Madrid

192

80.00

Lisbon

·1071⁄4

Athens

874/

Bucharest

80214

5.11/82

47/11/32

-1/8 1/32

2/7/

2/04

1/10 21/82 27.

Rio

Buenos Aires Bombay Shanghai

Hong Kong. Yokohama

Silver Spot

Silver, Forward ... 27 1/16

British Wireless Service.

Pald-Up Capital .....Fza. 88,100,000.00 | CHINA:-Shanghel, Hankow, Amoy, War, they have now recovered. In rise to the opinion that the busl- and by last November the factory Hertfordshire, these studios, cover- Central and South Eastern Europe,

BRANCHES:

Quinhon Bangkok Hanoi Battambang Hong Kong Saigon Cantho

Mangtze Shanghai

Canton Nam Đình

Sing port

TOURIDE ♥ all

Liibouti Nouman Tontain

Fort-Bayard Papests

Eiphoar. Peking Hankow Pnom Penh Yunnanfu

Pondicherry

BANKERS:

according to the reports of the Customs. In 1907, eggs valued at H.K. TIs. 2,379,634, occupied the 16th place in the exports of China, while in 1926 the export of eggs has climbed up to the 3rd place, valued at Tls.. 88,178,830. Prior to the Great War, Germany, Bel- in large growing areas of U.S.A. gium and France were the great These reports caused a feeling of customers of China's eggs, but from uncertainty in many quarters which 1915-1919 their demand for them

in this advance. was reflected Formosa.declined while England increased its While it is not thought that the purchase. Since 1919, the egg present trend will continue for long, trade with France has been restored it is to be regretted that the ad- to its former normal condition.

vance occurred at that period in the

Before the formation of the On its productive side, the hia Hankow is the great-collecting buying season, when lower prices American subsidiary, Crosss and tory, though as yet short, of British centre of eggs for export. Frozen were being expected; with rather Blackwell's American market had International Pictures is interesting, eggs were first exported from there more confidence than had been the been managed by an agent, in whose but not more so than the distribu- in 1912 to England, then to France, case for some little time.

hands business had decreased tive evolution outlined by Mr. John | - The general feeling of optimism seriously. Two years ago the pre- Maxwell at the company's first an- Canada and America.. A refrigera ting plant was built in Nanking in prevailing avas due to two factora, sent parent company decided to run nual meeting. When the company, through its investments ensure dis- FORMOSA: Gran, Kagt, Karenko, 1914 and another in Shanghai in the better weather conditions in that market themselves. Sales were at the end of March, 1927, took over tribution by the leading enterprises

Although these plants were the States, and the increased volume increased by 40 per cent.; land for from British National Pictures, in that Sealang, Makong, Nanto, Shin- 1915. chiku, Taichu, Tainan, Takao, somewhat affected by the Great of enquiry.

Ilne In Britain, in Tamsi, Toen, Heito, Taito.

The latter has given a factory was acquired in Baltimore; Limited, the studios at Elstree, France, in Germany, throughout Foochow, Swatow, Canton. apite of the strict and high importness is there to be booked provided was built and working: It is hoped ing an area of some acres, were still and in Australia and New Zealand. OTHERS: Hong Kong, Singapore, tax in the United States, the export that the disparity between offers that at full development a minimum in course of completion, says the Not by any means least through Ha Soorabaya, Semarang, Batavia, of eggs from China has been on and workable limite does not in annual turnover of $15,000,000 will "Financial News:" The original 51 per cent. interest in Frat Na- Bombay, Calcutta, London, New

the increase during the last three York, Dairen.

crease. Merchants on this side be made. At the last annual meet plan was for the production of four tional Pathe, and the formation of a LONDON BANKERS:

years. The following shows the ex- however, will exorcise caution until ing Mr. J. C. Goff, managing diree feature films simultaneously, or distributing company covering the The Londor County Westminster and port of fresh frozen and preserved the coming Bureau estimate la tor of Crosse and Blackwell Limited, about 20 films a year. The plan has United States and Canada, with 86

Parr's Bank.

eggs from China in H.K. Tla. Since

published:

sald that the American and Canaaince then been enlarged to admit exchanges and distributing centres, The Back_es_Correspondents In the Commsscia! 1919:—

India remains on the whole dis dian concerns should ultimately of the production of ten filme cont obtains access for British pictures Cum in the Europea Costinent, Buda, Mani

bora, Teingus, Japan, Indo-Chins, Slam, India, 1913 6,386,671 1920-21,467,401

earn as big profits for the parent currently, which, given the same to the North American market the Philippine Panda, Java, Africs. U.S... Auesesila

1914 6,748,157 1921. 24,697,199 pppointing. Offers still remain on

the low side and in many cases company as the rest of the world average of time, enlarges the capa- largest in the world. Istesses allowed on Current Adecoats, and Fixed 1915 8,426,287 1922 29,955,289 Expos atrai wild wil be quoted un applica

prove prohibitive to business. Cal-

put together. Well, to have earned city to 60 films a year, and makes That there is a keen interest in 1916 12,331,477 1923 29,621,996. Depot in Yan can be accepted.

J. IHARA,

a surplus after the payment of the the Elstree studios the largest in the United States In British pic- cutta has taken several small lots 1917 14,318,070 1924 81,623,164 Manager.

in the light styles but many offers first quarter's Preference dividend Europe, and equal, as the chairmentures, and, indeed, in European filma 1918 11,053,215 1925 33,012.530

far dhooties, recolved from this is a start.Financial News” stated, to the largest in Hollywood. generally of a good class, is beyond 1919 24,932,494 1926 38,178,830

outlet are quite impossible. Grey

This enlarged plan is expected to be doubt. They have the charm of and white shirtings have been in!

complete about November.

elegance and novelty. This is a demand for Bombay, but in small

Distribution

large and bold programme, but the quantities. There have been a few

Quite obviously, production on so fact that film exchange and circula- enquiries for prints but little busi- ness is reported in this style.

Important a scale calls for distribution on a world basis is, as yet, tion on a scale to correspond. The comparatively a new thing, and a growth of Hollywood has to be at long way off the full measure of its tributed not only to energy in pro- growth, indicates the strong pro- duction, but to its producers having babilities of success. It is a suc- made distribution a science. British coas, too, which, by broadening

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnaise Banque da Parle et des Pays-Bas, Credit Industriel et Commercial; Boelate Genarsis.

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

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

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

Every description of Banking and Wxchange Business transacted.. Safe Deposit Boxes to let

CH, LEM

Mazarer. Hong Kong, 28th August, 1928.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established' 1880. Capital (fully paid-up) Yen 100,000,000 Reserve fund..... Yen 102,500,000

Batavia.

Bombay. Buenos Ayres.

Head Office:-YOKOHAMA. Branches and Agencies at: Alexandria,

Newchwang. Now York Osaka, Peking. Rangoon, Rio de Janeiro. Saigon San Francisco. Sekcile, Semarang. Shanghai Shimono

Calcutta.. Cantor Changchun. DE (D ). Wengtien (Mukden). Hamburg. Hankow

Harbin

Hoa Long. Honolulu Kai Tusn Karachi.

Kobe. London

Singapore. Soerabaya, Sydn

Trinitan. Vladivostoli

Temporarily

Los Angeles.

Nagmaki

Interest allowed on Current A.novum Deposits, received" : for, fized

at rates to be obtained on:

stion

Hong Kong 11th September,

HONG KONG BRANCH:

5. Des Voeux Road Central. Hong Hong, 22nd September, 1927.

THE BANK OF CHINA.

中 行銀國

(Specially Authorized 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 18,278,600,00

- 0,620,425.24

·HEAD OFFICE: PEKING.

HONG KONG BRANCH:

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

13, Orochurch Birant, London, E. C...

Authorised Capital

Subscribed Capital

Paid-up Capitel......

29,000,000 1,800,640 1,050,000

Reserve Fund and rest. 1,584,846

ПАУКЕНЯ,

The Bank of England & Midland Bank Ltd.

Bangkok longkang Baavin Howrah Bombay pala-

4, Queen's Road Contral Branches and Sub-branches all over Caleta Randy

China and Correspondents in Europe, America, and other parts of the world. London Bankers: The National Pro- vines and Union Bank of England,:

The Guaranty Trust Company of New York

New York Bankers: The Irving National Bank,

The Equitable Trust Company

Tork.

Interest allowed on Current Accounts

lambe Karabl Galla

Delbi Kot

IRANCHES ;

***Hangonui Kuzotag (Pabang). Shurghal

Kuala Lumpur

Xadre

New York

Alagapan Boursleys

Panait Port Lõvia (Maurkitus)...)

HONGKONG BRANCEL Berry descripilog Banking and Exchings busti Rem transacted."·".

INTEREST allowed on Current" "Ascounte "und Fland Deposits as Bates that may be supertained on application,,

7, Q's Road Decorat

L. G. BANDER,

Hong Kong, Ish Bepletum, 1926...

and Fixed Deposits, Terms on applica- THE BANK OF EAST ASIA; LTD.

tian.

Every description, of Banking Basi- nesa.transacted.

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

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD.

Fatablished 1912.67 Head Office-Hong Kong.

·Authorfand Chipito) (13.K. Oxirepof)-1-$11.000.000 -

HEAD OFFICE: HONG KONG.

10, Des Voeux Road Central, Hong Kong

$10,0

Authorised Capital Paid-Up Capital Reserva 200.000

BRANCHES AND AGENCIES

Batavia

Melbourne San Francisco

· Bombáy ^^ Nagasaki Calcutta 20 New Yorka Semarang Canton V Osaka Smgapore Haiphong Paris Sourabaya Honolulu

Peking

Sydney Köbel Penang -- Taina

Rangoon

¿Tientsin (Balgon Tokyo!

Shangitat idents in all grincipal cities

Kowloda

London

Manila

/LONDON BANDERA

of the

3The Eloyds BankyElmisel

LODEPOON

Exchang

granted

kitigand

LOADE

China Qu'et

China is quiet, only a few lines of specialities having been booked, but enquiry from the Straits and These outlets Java has increased.

quiet, as also has, South America. Trade with the Continent la in rather a depressed state at present, which also is the case with Home trade.

Business in yarns has been very slow, owing to the advance made by spinners in the American section of

have shown Intercet chiefly in d. per h in their quotations, International Pictures has taken a ideas and making the peoples of the fancles and several lines are being while buyers have not been prepared leaf, out of the book, with the evid world better known to each other, arranged. Of the other markets, to pay more than Friday's rates. ent intention of improving upon the must be educationally all to the

example. The B.L.F.'s alliances good, Egypt and the Levant have been Egyptian yarns remain dull.