1928-10-25 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Kavura Panda son

#wellng mSTRY.

£ 1,000,000

Bessera Liability, óf Proprietors $30,000,000.

HEAD OFFIORI HONGKONG.

COURT OF DIBKOTORA —

A. II. Compton, Log.

N. 8. Drown, Esq. Deputy Chairmani Hon. Mr. 1. D. F, Balth. W. Entienden, Hag. W. H. Bell, FL.

J. Flammer, Mag. Wan. Mr. O. G. E. Maskia.' T. O. Wood, Esq. K_P, White, Eng Chat Maingi Man, Mr. à. 0. Hydr

P. W. Mindsay, Magi

AVOI

BANGKOK BATAVIA SOMBAX CALOUTTA

CANTOM

COLOKNO

行銀商工法中

BANQUE FRANCO-CHINOISÉ pour le

Commerce et l'Industrià. (Incorporated in France).

Prinos's Bullding. Chater Road,

Hong Kong.

THE CHINA MAIL

COMMERCE

AND

FINANCE

CREDIT'S GOLD BASIS of large masses of people were

BIR JOSIAH STAMP'S VIEWS

INFLUENCE OF MONEY

HEAD OFFICE: 74, Rus BL. Lazare, Paris. Capital fully paid up. Fra.50,000,000 Bracial working capital..Fra.50,000,000

.Fri 22,919,00 Beseryos ni

BRANCHES:***** Paris, Lyons, Harnelles, Salgon Hiphon, Hanoi, Tourane, Quinion Huy hình bes, "Vinh, Phạm Tình

In one of the series of popular Peking, Shanghai, Tientsin, Hond Kong.

lectures arranged in connection BANKERS FRANCE: Societe Generale Banque with the British Association and the

Nationale de (Credit, Banque do

Workers' Educational Association Paris et des Pays Has LONDON: Midland Hank Ltd. MAHARK NEWYORK: America (Buat Glasgow Univeralty, Siz Josiah Irving Trunk Co.: Banca Commer Stamp spoks qu "The Influence of ciale Italian Fatareles ut

Money on Civilisation."

BRANCHES +'-

LONDON

LYONS MALACOA MANILA

KOUKDEN

PENANG

RANGOON BALOON

FERING

DAIREZ

PROCHOW

EIPHONG

HAMBURG

SAN FRANCISCO

&NKOW

ЗААМОПА

HABHIN'

SINGAPORE

домохая

HOLLO

SPOK

JUNIORE

KORAKOA.

BOUBABAYA

SUNGRI PATANI TIENTSIN

ΤΟΥΤΟ

TAIKOTAO

KUALA LUMPUR YOKOHAMA

Curb Account opened in Lost Chereeds ized, Depila・mosired for 200 TAKE akke parinda ka Loos Ournary sad kellen au verma which will be quoted on application. Hong Kong, 14k, Bapiomber, 192,

HONG KONG SAVINGS BANK.

'

The Burden of the abers Boch le sundmot

HOMIKOND AND CHANGEAL BANKING CORPORATION.. Busies may be abina po application.

FOR THE HONGKONG

BANKING CORPORATION..

ACHINES,

Hong Kong, 19th September, 2007,

t

BAN FRANCISC0:-Bank of Italy,

་

•

EXCHANGES.

TO-DAY'S QUOTATIONS,

Bankwire SSEN, DEK Bank, on demand... 2/3/16 Bank, 80 days" sight'. Bank, 4 monhts' sight 2/6 Credits: months'

sight

2/1 %

montha'

2/1.14

124714

4-months"

182214

On Faris On demand Credits sight

or

On Berlin demand

48%. On New York- On demand... Credits, 60 days sight 2014.

UpdaDAI

1381 188 YURDE

188

On Bombay Wire

On (demand

On Calgutta

Wire On demand

193

On Singapore

settled en bloc in the division of the product of industry, and what used Documentary

sight to be regarded as normal "economic forces were no longer left free to modify them they were the sub *fect of elaborate and difficult negotiations--and if a settlement did not "stay put" because of the change in gold values the disloca- tion could be put right ultimately only by reaction against dwindling real wages expressing itself, through industrial strife if gold became less valuable, on the one hand, and un- mployment, If it became more valu- able, on the othery 14 201

The Ratio Sir Josiah Stamp distinguished my monetary unit

The stability Every description of Banking and Exchange Business Transacted. Cor-three stages when civilisation had was therefore, the primary, or fun-On demand respondents" throughout the world.

takon on á distinct degree of com-damental problem of this stage of|

On Manila 884 plexity and interdependence of its civilisation, and international mone. On demand......... 98%

Otary science was being consciously, On Shanghal- parts with contingent advance or

if haltingly, evolved to accomplish On demand 4 77% dissolution, and he associated with Credit still acted pantographic. 80 day's sight (private each stage a development in the use ally in relation to gold, but the paper) of money. The mere substitution of pantograph was made of elastic, and On Yokohamaan o

1103/ sometimes could make a smaller and On demand. metallic money for other forms of sometimes a larger rendering of it. Gold Leaf, 100 Anr money, br for barter, made possible A nation had been able to work at (per tael) d slightly integrated society with one time quite satisfactorily upon a Sovereigns) (Back's

buying rate) divizion of

labour. It provided not

80 per cent. ratio of gold and then

26 11/16.. thon an 80 per cent. How, then, Silver (per oz.) merely the lubrication in froo ex- a strict determinant of the Volume Bar Silver in Hong

4% prem Kong change but a general store of pur was the quantity of gold any longer

easure of of purchasing power? A managed Chinese Copper Cash nom. chasing, power and a measure

standard of value, managed with a Chinese, Copper Cents 8% prem value roughly satisfactory for acgolden handle, was being evolved Rate of Native In-

↑terest .7% pa.. curacy, over the periods of time under our very eyes. The essential Chinese Sub Coin. 804% dis

both has problem was how long we could then actually involved.

Omske, gold, serve its old dual role Hong Kong Bub. Coln Par. In the second stage, with a rea-of setting the balance of trade and LONDON EXCHANGES.⠀ sonable, standard of life for large loan indebtedness between nations,

Hong Xoai

L. BERNIS,

Manager. Cor, 3rd August, 1928

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1868. HEAD OFFICE: LONDON, Paid-up Capital

Reserve Fund........ Reserve Liability of Proprie

tord

£8,000,000

*£28,000,000

Agencies and Branches:

ALUB STAR:

KUCHING

Malay Biale)

MADBIR

·AMRITSAR

T

MANILA,

MEDAN

ВАНЭКОК BATAVIA BOMBAT CALOUTTA

NEW TORE!

PERINO

SHANGHAI

Chiat Mange

PZNANO

DANTON

PROHAWAN

DAWNPORE CEBU

BANGOON

BAIDOTE

DOLOMBO.

BENARANG

DELHI

BEARSINAN

HAIPHONG

HAMBURG

HANKOW

SHANGHAI BINGAPORE BOUILABAYA

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY)

JAMKE,

Established 1894.

Heng Kong - Gossa's Boad Contrai.

Galider 150,000,000 (413,800,000.)

Anthem Cap Pud-Op Capital Guild

Smerte Fund 2019.

HARBIN (M. Mancha)

HỒNG HỒNG.

ILOILO

IPOH

KARAOK

BLANO

ZOED KOALA KAROBAR

Perak M.8*

KUALA LUMPUR

TAIPING

JEMS) TAVOY TIEN IN

TOKYO

TONGKAH (Bhukat!

THİNGT20:1117

YOKOHAMA

БАМНОДНОД

(Philippine Isleodaj

populations dependent upon on and on as the basis of allicredit in a particular country-and aiderable stores of capital in expen- the governor of a stable level of aive plant lasting a lifetime, and prices at the same time. The next large resources for accumulating decade would ses whether interna- capital'in consumable stacks, credit tipnal wisdom could and the theore

tical answer to the problem apply if in practice.

Foreign Exchange and General Bank- money became an important factor.

Guilder 60,000,000- * (42,183,18%) Heid Utos: AMSTERDAM"). East Head, Oloe :—BATAVIA BELHORES 1—Bindfarmasia - Bandoung') Bombay,

Calorie, Cheribon, didek, Di Hong Kong,

Djokikaria), Tha - Hague's "Zobe Kota Bekin, Makassar, Medan, Fažang

Pekalongın, Fra Pelaksan Pensanakangoon, Bollardam' » Samarang) Baanghai, Elboden

Blagspore, Boer Boneskatin - (Boka), Tegal, Tjilanjaj and, Wailercodal") | 'Then 'oibed bars 'sele depeuli bomas' si lán, Landen Banker ---National Provincial Bank LaB. Cortepondeate all over the world

་་

Kantor bezalnam of story

descripuan iranaRoled.

Q. STEENSTHA,

Hong Kong, ich Angual, 1998.

ཎྞ ། {

BANQUE DE L'INDO-CHINI.

HEAD OFFICE:

96, Boulevard Haussman, Paris. -

Subscribed Capital.. Frs. 72,000,000.00 Paid-Up Capital ...FEL. 88,400,000.00 Beatrve Funds, Fr.102,000,000.00

*BRANCHES: Bangkok Hano! Quinhon Battambang Hong Kong Salgon

Mengtze Shanghai

IN.

Cantors

Dijbont!

Singaporm Tiantain Tourano Vinh Prom-Penh Yunnanfu

: Nora Dinh Noumea

Port-Bayard Papeete

Haiphong Hankow

Pondicherry BANKERS:

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO), A“

HEAD OFFICE:Talpel, Formosa. Incorporated by Special Imperial

1899. Charter,

Paris New York

9.60

London, Yesterday,

124.20

4.85

Brussels

84.89

Genaya

26.20

Amsterdam

12.09%

and

Milan Berlin

92.60

20.36 ·

Stockholm

18.15

Copenhagen

18.19

Oslo

18.19

Vienna Prague

84.495

168

Helsingfors

192

Madrid Lisbon

80.125

107%

875

802%

5 29782

47.11/82

Holiday

ing business transacted,

Current Accounts opened and Fixed Boaring a close relation to actual The lecturer made a link between Deposita received for 1 year or shorter gold resources, credit had a reason-the ambition of rich men in the periods at rates which will be quoted able elasticity; hut the whole United. States with high taxation - on application, veternormido.

mechanism acted like a pantograph, in this sountryfe said that the A. H. FERGUSON,

so to speak a convenient way of excessive temptation to get wealthy Manager. 3rd April, 1028. mpitiplying the volume of gold. But through share appreciation there led to bull markets on holdings on Its imperfections as a measure of yalue over the larger practical out, brokers! loans with little regard to the income of stock. That created look were greater, though still not

an inflation problem, and increased generally obvious, set the rates for money that might -te! «Vactation of Unit make it impossible, for money, rates The third stage now opening out to be lowered in this country, lest before us was one in which large-the superior attractivefiese of New scale contractual relations of two Xork should tempt gold away; that kinds made an accurate, and con- might keep up the Bank-Fate, and sistent measure of value (akin in prevent expatision of Industry, constancy to the yard for length which might maintain unemploy or. the ton for weight) more essen-ment, which might keep up the dole tial: First, the transactions stretch- and therefore high taxation The

Times," edi over long periods of time, like 2. Osaka:: FORMOSA-Gran, Kag, Karenko, a half-century for war loans before Keelung, Makong, Nanto, Shin-maturity, the repayment of foreign chiku, Talchu, Tainan, Takao, debts over 60 years, or the payment Temani, Toon, Heito, Taito, CHINA Shanghal, Hankow, Amoy, of, reparation or long-term royal-

Foochow, Swatow, Canton,

ad! Central Bank in Formosa. Bank Notes issued

Average amount Yen 45,000,000

BRANCHES AND AGENCIES:

JAPAN:Tokyo, Yokohama, Kobe,

MP; & O. DIVIDEND ·!

welk d

Hee, and if the unit on which these showLondon, Yesterday.

The P. and O. Navigation Co. has declared a final dividend of 7 per ceat, making a total for the year of 12 per centReuter.

OTHERS: Hong Kong Singapore, were reckoned varied materially Sohrabaya, Semarang Batavia, over the period, extraordinary re- Bembay, Calcutta, London, New suits might ensue, ut te -... York, Dairon, a satengg

Provision, had been made for LONDON BANKERS: The London County Westminster and altering the annual money payment

PATT's Bank;

by Germany. if the value of money fallon pa

ނ

K. M. A whe

OUTPUT

The Bank has Correspondants in the Commercial in goods should change. Because Danicha 12 km Borogen Conilaert, Büscia, there was no such provision for war okuria, Telago, Japan, Indo-talna, Blam, Inda, Pallippina hade, Jays, Afrios, USA Almasin. Joan, the fall, in prices in gold) in Interset allowed on Ourrant, and Fixed the last four years had Incressed IN FRANCE: Comptoir National Deposit at mir which will be quoted on applion the real weight or worth of the The total output of the Adminis

ilon. Depot in Ten ons be sacepled. *'Escompte de Paris; Credit Lyonnaise De MARA,National Debt by over 1,000 milion ration's mines for the week ended Banque da Paris et des Pays-Bas; Grads Industriel et Commercialy Boclete te jesined the Manager. pounds and made it a much bigger Sept. 29, amounted to 51,189 tons, fraction" of wür" total resources.and the sales during the period to Gekerala

BUR HERON HONG KONG BRANCH: 2

Des Voeux Road Central

Secondly, the contractual relations 70.895 tons e a wond) foilA LONDON: The National Pro vincial & Union Bank of England, Ltd Hong Kong, 22nd September,, 1927.

AKTAMSTERD 11172

Thouparsi HT federal habbyxit optIT

West

fiferaft of planned odering og

Sheep

Comptoir National d'Elicompte Paris; Credit Lyonnais.

do

IN NEW YORK: 3. P. Morgan & Co.; French American Banking Cor

poration) Guaranty Trust Go of New York, metal buce

703

THE BANK OF CHINA.

行银國

Antadrised by Presidential

· Mandate of the Republic of China

tton the 2nd of November 181730. to

ant Accounti „Interest allowed on Current and Fixed Deposits according arrangétients, bruker 967

Etury (densription of Banking and Exchange. Eusiness transacted...

Bafe Deposit Boxes to bet.

OEL. LEMAY Delta 46 (Manager. -1-Hong Kong) 28th August, 1928.

THE TOKOHAMA SPECIE BANK,

HOANG PAG LIMITED wewe Bowling add dadi tontere,les +1 benen Establinkendi 1880. r.ead t

Capital (fully, paid-up) Yen 100,0 Reserve fund.

****** en 102,600,000

Head Ofles-YOKOHAMA,"

Branchen and Agencies uti Alankadria? Na TV Newchwang Batavia, Nady New Yorkie!' ta Bombayden en Osakaunu x1, Epers AJ Face Rangoon,

Peking

Come and Rio de Janait Chenkalíum!), ti Jesh Baikonurnen. Detyre (Delay)ald's San Francisco. Tungtian (Mukdenent citin Hamburg.

$60,000,000.00

doide solzer femurals adi Authorised, Capital Faid-up Capital Reserve Fund

18278,600,00 9,029,425.24

HEAD OFFICE: PEKINGA 50 mon

KTOR HONG KONG BRANCH: Alba [Pantang

4. Queen's Road Central

tudi sta Branch and Sub-Branches all over CHE Conrespondan taf In Europe, Anerki, 'wad other parts of the world. Hon detai

London Bankers The National Br

AZETY

La'.

OF ́ IMITATIONS BEWARE

Ancial and Union Bank of England,os' asten eller Tid

la tonadirdebab 08.

New Tak!! Te desgen alt att höste

Nock Bank

Compan

ving en wil isabel estad

jag, að vakts „falde nabyabited.

Jotaleth, nosi-sveit, we do

bi haberent flowed on Current Accounts and Food Deposits. Termas en myplica. Banking Bulls

Dean wissetid. Limi ~f Lounaszentedion a *rpcial facilities for Home Ex- changed oond g vi alt vontade

THE BANK OF CANTON, LTD

Borsalino

RUGKIR TAYVIOS T2A34 20OIDER

Athens Bucharest

Rio

Buenos Aires" Bombay Shanghit Hong Kong

Yokohama..

Saver Spot Silver Forward

2/ 2/0.1%

1/11 8/15

28 11/18 26-18/16

British Wireless Service.

WAN

!

THURSDAY, OCTOBER 25, 1928.

STHESISUZ

HONGKONG

NGKONG HOTEL, REPULSE BAY HOTEL;

FEAR HOTELĄŲ A

Telegraphic Address:KREMLIN, HONGKONG »

"ANDELINES

SHANGHAI

ASTOR HOUSE HOTEL; PALACE HOTEL, MAJESTIC) HOTEL Telegraphic Address: “CENTRAL, SHANGHAL”

HOTELS,

LIMITED.

In association with the Grand Hotel 'des Wagons Lite, Peking,

PATUT SIRATIEM

KING EDWARD HOTEL.

ERMOTROD JEW

Most Modern and Central Hotel in the Colony, all Bed Rooms, newly renovated and installed with Box Spring Beds, Hot and Cold Water, also Telephone, Hotel Launch meets all steamers.

TEA DANCES':

bh

Monday, Wednesday and Friday, 6 to 7 pm. Alish kanten af and we DINNER DÂNCÉS:

dud Tuesday and Saturday, 8 to 12 mn. ** Tel. Add Victoria." Telephone No. C. 878.

J. H. WITCHELL,

dodnes Manager.

Courtesy, Comfort, Service

toy god saks and Luxuries of Modern Hotel

Construction

J

11

THE HOTEL RIVIERA. MACAU.

"enbing Hall Cablo Address :-" RIVIERA, MACAU.”

بادی

RESPECTABLE MASSEURS.

MRORSHIMIDZU, MRE. 8. HONDA Recommended for many years by Government Civil Hospital, Peak Hospital, etc., and by all the local

doctors.

No. 24, Wyndham St. Tel 0,4945.

*TANG YUE, DENTIST

Successor to

the late!SIEŃ TING, 14, D'Agullar Street.

TERMS VERY MODERATE · Consultation Free

Awok' ynoif di wwcasQox

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11th Sept

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