1928-12-19 — Page 2

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HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorised Capital LEWISTON, $50,000,000 Ichuad and, Fully Paid-up $20,000,000 Reserve Funds—

—–Burkay—reguntas 5,000,000

Silver ................$14,000,000

flores Liability of Propriotole ..............20,000,000

HEAD OPPICE, HONGKONO.

COURT OF DIRECTONS :— A. 11. Compton, Esq. Chairman.

N.-B. Brown, Eng. Deputy Chairman.

Hon, Mr. B. D. Y. Tatth.

W. . Doll, Esq.

B. Xander fowl,"Pag

W. L. Patienten, Eeq.

J. A. Plummer. Esq.

T. Q. Well, Bay.

Hon. Mr. . . . Mackle. 1. D. WhiW, Esq.

AHOY.

BASUKOK

HATAVIA

Chief Manager,

Hon. Mr. A. C. Hynei.

ANANCHES-

LONDON

LYONS

MALACCA

MAKILA

MOUKDEN

KISA

ГРУНАКА

IMDAY

CALCUTTA

CASTOX

NAGASAKI

CHEFOO

NEW YORK

010320

DAIREN

FOOCHOW

UTANTOON

HAIPRONO

SAIN

HAMBURG

SAN FRANCISCO

JANKOW

SILANGIAJ

BARIES

SINGAPORE

HOSGREW

KBURADAYA

ILOILO

NUXUE PATANI

IPOH

TIENTSIN

KONE

KUAL

TOKYO

TSINGTAO YOROBAMA K

Current Accounts opened in Local Currenty and Find Deposits topuired for on your de shorter portada is Local Currosey and Borling uters which will be quoted on applicatio Elour Hàng mình Narsruler, 142

HONG KONG SAVINGS BANK.

The Busters of the store lauk in conduct. ad by the HONGKONG AND SHANGHAI BANKING CORPORATION, Bulo

psised on

lentius,

FOR THE 410NORONG

BANKING COMPORATION.

منا may

& HUANGHAI

CHINES.

Chief Manager.

Hong Kong, ib. Sapternbos, 1977.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY)

BANKERS.

Establisbad 1821.

Hong Kong Ofici—11 Queen's Hoad Central.

Authorised Capital

Paid-Up Capital

Heat Fund

Quilars 150,000,000. (£12,500,000)

Guilders 80,000,000-

(£8.500.670.1 Guilders 10,000,000

(28,108,150,}

Wood One(AMSTERDAM”). Fastard fead ico-ATAVIA. ` LANCIA-Bodermis Baudoug) Benbay.

Ujokjakarta). The Dagua'}, Ru-Radja, tekutuar, Medan, Padang Talombang, Pekalongan, Feaug Poatiu auguen, Botterdam'is

Bünglini,

Boerabad kronli Singapore, Sorakarls (Sale), Tegal, Tilaljup and Welioridad.j

"These officer bare suld deposit boses to let London Bankers:-National Provincial Bank Ltd. Everongelants all are the world.

Banka busine of avery description transacted..

D. STEENSTNA,

Hong Kong, h August, 292).

Muonger.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard. Haussman, Foris, Subscribed Capital. Frs. 72,000,000.00) Paid-Up Capital ....Fra. 68,400,000.00)

Reserve Funds Frs,102,000,000.00

BRANCHES:

Quinhen

Hanoi Bangkok Battambang Hong Kong Saigon

Cr zp

Mengtze

Ca..on

Dijbouti

Shanghai Nam Dinh Singapora Nounica

Fort-Bayard Papecto ilaiphong • Peking

Tientsin

Tourano

Vinh Hankow Prom-Penh Yunnanfu

Pondicherry BANKERS: DANZ

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, Rue St. Lazare, Paris. Capital fully paid up Frs.50,000,000 Special working capital .Frs.50,800,000 .Frs 22,319,000 Reserves

BRANCHES:

THE BANKERS

ར་

EFFECT OF THE CURRENCY

ACT

GOLD MOVEMENTS

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

that were drawn to take advan-

» Soup

WEDNESDAY, DECEMBER 19, 1928.

HONG KONG MARKET PRODUCE.

tage of the lower rates of discount] In this market in order to provide Beef Biriom funds to be employed in foreign] stack markets ought to be discour- nged. "Since the war the lower discount rate which, until recent- Paris, Lyons, Marseilles, Saigon,

ly, ruled in New York, in conjunc Jaiphong, Hanol, Tourano, Quinton,

tion with other factors, has had Huc Thanh hoa, Vinh, Thom Penh.

Peking, Shanghai, Tientsin, Hong "This year will be a memorable the tendency to divert some of the Kong.

one in the history of English bank-acceptance business from London BANKERS: FRANCE: Societe Generalo, Banque in as the year of the Currency to that elty, and I think it would Nationale de Credit, Banque de and Bunk Notes Act, said Mr. bo unfortunate if, by the creation Parja et des Pays Bas.

Frederick Hyde, joint managing of quasi-finance blils, the discount LONDON: Midland Bank, Ltd.

YORK-American Exchange director of the Midland Bank, Ltd., rate here were raised and the use NEW

Irving Trust Co., Banca Commer- delivering the inaugural presiden- of the bill on London, thereby res

tial address to the Institute of tricted. The hill performs a use- Bankers. The new Act is now in ful and even Indispensable func- tion in our financial, operations, operation.

Bankers would watch with keen and, in addition, affords a welcome interest the working of the Act source of profit to our accepting under the changed conditions of houses."

ciale Italiana.

SAN FRANCISCO-Bank of Italy.

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

L. BERNIS,

Manager. Hong Kong, 3rd August, 1928.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

મ

Liver

Trips

•

APPROXIMATE RETAIL PRICES.

#9 28

Poultry.

20 35

Capons, Smail Capona, Large

DOVEL

Eggs, Ten (cooking)....

Eggs Hen (fresh)

Fowls, Canton

$1.20 -$1.30

Pigeons, Canton

Holhow

124

** SANRE #FADAZRZ

Fruits.

Dec. 14, Juno, June,

1928. 1018. 1914

Ct. Ct. Cts.

50 30

45 28

เป

each 80 $12

por doz. 30

each. 65

ib.

35 23 75

60 51

each

pair 2.40

each 25

ថ្ម តឌនឥឥ 1 ៖ ឌ៩៩ | | |, ||

Butcher Meat.

Doc. 14, June, Juno,

1928, 1918 1914.

Cta Cia. Cta.

牛站靶15.

25 24 12

Chickon

Prime Cus

Corned

23. 12

Roast

28 24 12

Breant

28 20 18

Duck

20 18

Steak

24. 22

Stoak Sirloin

Sausage...

40.26,

Bullock's Brains

For aet 18

Tangüe, ftech..

anch 86 FO

10 12

Fowls, Nainas

Geere

Tongue, corned

Head

Hoart

Hump, Bait

Turkeys, Cock Turkeys, He

Foot

ench 10

Kidneys

Snipe Pheasant

tit

Tail

1b.

24 19

Quali Partridges

set $120 $1.00 $1,00

80.

Brains

Per net 8

Almomie Apples (California) Bananas (bride')

Feet

b. 15

Carambola

Fry

Cosoanuta

10 10

Fend

Lemona, China

1b. 12

Heart

each 15

Lemons (America)

Kidneys

Lichees, Dried

Livor

Ib. 48

Oranges (Canton)

# # # #

Pork Chop

新會甜醬

እ

Oranges

Log

86'

Penta (Canton)

'Loin

Pasputa

Fat or Lani..

Persimmons, Large

Sheep's Hand & Foet..

per net 90

Plantain

sach

Pumelo, Siam

弊

Walnuts

16.

帽

Livor

Grapes

Sucking Figs, to order.

ib. 20

25 14

Ler

Shotlder

Soddle

RZEZS6AGEEBOKSERASAKET BABB=8QBSCESSEQNESA£58

***

the present time as compared with This being the fiftieth anniver- Calvan' Hand & Font: - 447 19 the trade boom immediately follow-sary-of-the-foundation of the la-Matton Chop ... ing the war, and would be able to stitute, the council has decided to form an opinion as to whether the commemorate the event by an "In- system which threw the whole stitute Prize" of £50, to be award- weight of gold movements, prob- ed annually, and to be compoted Pig's Cultlinga Incorporated by Royal Chater, 1853.ably of much greater magnitude for by members of the institute

HEAD OFFICE: 'LONDON.

than formerly, on to a relatively who are holders of certificates. .£3,000,000

£4,000,000 small proportion of the stock of gold held by the Bank of England ..£3,000,000 was the one best suited to the

Paid-up Capital Reserve Fund Reserva Liability of Propric-

Lors

Agencies, and Branches:

KUCHING ALOR STAR

MAUKAG

MANILA

talay Scales

AMRITGAN

BANGKOK BATAVIA HOMBAY CALCUTTA CANTON CAWNFORE CEBU COLORBO DELHI HAIFUONO HAMBURU HANKOW

(N. Kanchuria

BARDIN

HÙNG XUNG

320110

1101

KABAGI

KLANG

KOOK

KUALA HANGBAK

HEBAN NEW YONE PERINO PENANG PESHAWAR RANGOON- SAIGON HEMABAND. SEREMBAN SHANGHAI SINGAPORE BOURABAYA TAIPING

TAVOY

TONGEA (Bhukai) TSINGTAO YOXGHANA ZAMBOANUA

(Philippins Islands)

Perak (...)

KUALA LUMPUR

and

Ganerai

Banking business transacted.

Foreign Exchange

country's needs. Discussing the Reichsbank President

present system-which will be con-

tinued under the Act-under which gold can be withdrawn for export, he said it was worth while con- sidering whether it was wise to lock up the major portion of our gold to meet an emergency which, in practice, would not occur, and. in doing so, support inconvenience of the unduly high rates that mightị have to be enforced to keep the remainder, which was unprotected, At a sufficiently high figure to maintain monfidence both at home and abroad.

"It cannot be doubted," he com- mented, "that a common standard Current Accounts opened and Fixed Deposits received for 1 year or short-of value is one of the

A. H. FERGUSON,

Manager Hong Kong, 3rd April, 1928.

first re- er periods at rates which will be quot-quisites for international trade, ed on application.

and I am convinced that in the conditions prevailing in the lead- ing commercial countries the god standard is the only practicable one. But however important in domestic and international trade a common standard of value may be, the smooth working of the credit machine is hardly less important."!

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa. Bank-Notes issued

Bills of Exchange

Hear!.....

Kidney.

Suet, Beef

Barbel

Breda...

Canton Freshb

Water Fish.

Carp

Catfish

Codfish

Crabs

Cuttle Fish

Dab

Dace

Dog Fish Dr. Hjälmar Schucht, President of Eels, Congor

who will head thei

German delegation, it was reported,

m on the preparatory commission for revision of reparations.

Mr. Hyde explained the part played in the crddit machine by bills of exchange, and how they the Reichsbank, Average amount. .... Yen. 45,000,000 were Instrumental in financing the foreign trade of the country. "The BRANCHES AND AGENCIES:

Yokohama, Kobe, bill drawn by the manufacturer on JAPAN: Tokyo.

Osakn!

the merchant, or by the merchant FORMOSA-Giran, Kagi. Karenko,

Keelung, Makong, Nante, Shin- on the retailer, is familiar to us chiku, Taichu, Tainan, Takao, all." he said, "but it is regrettable

that within Tamsui, Toen, Heito, Taito,

the last twenty or! CHINA-Shanghai, Hankow, Amoy, thirty years there has been a ten-

Forchow, Swatow, Canton..

dency for hills of this description OTHERS: Hong Kong, Singapore,

Soerabaya, Semarang, Batavia, to be replaced by book crédits Bombay, Calcutta, London, New granted by the sellers of goods to York, Dairen,

LONDON BANKERS:

The London County Westminster and Parr's Bank.

Fresh Water

Yellow'

Fraga

Garoupa

Gudgeon

Herringe

NATIONAL DEBT.

Halibut

Labrus

SOME CONVERSION PROBLEMS

Loach

Lobsters

Mackerel

Monk Flo

TRAR! EMRAASN | 9N8*ARASARIT

Alkukes isane, Sprog).

Land

Live Bool

ม

#each 14

3. R.

8 each 12

`14', 10

each 14 12

Ib.

22'

Vegetables, &c.

#each 12

lb.

Cabbage, Chinese ............. †

(Shanghai).

Cane Bhoots, bunch

Cauliflower (Large)

(Medium),

大椰梨花 each 20

(8mail)

中糊花

Carrots

lb.

Celery, Chinese

Chillies, Dried

# # +

Mutton

Veal

Sausages

Fish.

lb.

Bitter, Squash

.20

省建淡

Brinjale, Green

30. 18

Red

.16

27'

34:

27 16

마

-10

60 32

05 40

Garle

.20

60 18

34 20

.80

96 - 45

24 13

10 10 10

Shallota Spinach Tomatoes

40 20

Tarus

35 28

13 22

39 18

1.40

Water Cre Water Rons

Mr. D. M. Mason, chairman of their buyers, which in turn often involve unsecured advances by the executive committee of the Mallet bankers in place of discount fack- Sound Currency Association, tec Oysters

litics."

tured to the Chartered Accountant Parrot Fish-

Pico

Plaice

The Back Correspondania In the Commerciel Centres in the European Continent, Rouste, fan- Bills drawn to finance the pur-Students' Society at the Institute of Perch shuria, Tiingiso, Japan. Indo-China Bism. Yadia, Philippine Islanda, data. Afries, U.B.A., Austral, chase of goods in countries with Chartered Accountants on the con- IN FRANCE Comptoir National Interest allowed on Current Accounts, and Fixed a widely fluctuating rate of ex version of the National Debt. d'Escompte de Paris; Credit Lyonnais:Deposits at raton which will be quoted sa apples-change tended to remove' an old the gross liabilities of the State in i Pomfret, White

Banque de Paris et des Pays-Bas;

Industriel Credit

et Commercial; Societe Generale.

IN LONDON: The National Provin cial & Union Bank of England, Ltd.; Comptoir National, d'Escompte de Paris: Credit Lyonnais.

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

to. Deposita in Yen can be scorpiod.

J. HARA,

HONG KONG BRANCH:

3, Des Voeux Road Central.. Hong Kong, 22nd September, 1928.

Billa, however,

He said that the net decrease of Pomfret, Black ment of speculation in purchases, Manager. and, consequently, to encourage 1927-28 of £6,331,514 was a very Prawns

result, and was Ray unsatisfactory legitimate trade.

largely due to the wasteful and ex- Rock Flab travagant method of issuing stock Roach for conversion purposes at a large Balmon

In view of loanable| Shark 4. capital being comparatively dear. at Ekata the present time, he was opposed to Shrimps the practice of giving to the holders Snapper of the existing debt the right to Soles convert their holding into a long- Tench dated security on the present inter- Turbat

Kurties, ame}}, fr matei est basis.

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential Mandate of the Republic of China

Interest allowed on Current. Ac counts and. Fixed Deposita accordingan the 22nd of November, 1917).

to arrangements.

Authorised Capital.....$00.000,000.00 Every description of Banking and Paid-up Capital Exchange Business transacted,

Safe Deposit Boxes to let.

Hong

A. LECOT,

Manager.

Kong, 28th Nov, 1998.

LIMITED.

Reserve Fund

18,279,600.00 9,620,425.24

HEAD OFFICE: PEKING"

HONG KONG BRANCH:

4, Queen's Road Central Branches and Sub-branches all over,

THE MERCANTILE BANK OF discount.

INDIA, LTD.

HEAD OFFICE:

15. Gracechurch Street, Loudon, E. 0.8.

Authorised Capital

Subscribed Capital

Paid-up Capital

Reserve Fund and rest

.£3,000,000

1,800,000

1,050,000

1,584,840

The Bank of England & Midland Dank, Ltd.

DANKERS!

BRANCHEA

Dangkok Hongkong Batatin Howrah Bombay Ipoh Coleuste Kandy

Now York Penang Kola Bars Fort Louis (Mauritius)

HONGKONG DRAHOIL.

Kuala Lumpur

stail

China and Correspondenta in Europe, a THE YOKOHAMA SPEČIE BANK, America, and other parts of the world.

London Bankers: The National Every description of Banking and Exchanga boat Provincial and Union Bank of England, ne tra allowed on Current Accounts and Ltd.

The Guaranty Trust Company of Fixed Deposits at Bates that may be ascetiained

on application.

C. L. C, SANDES New York.

New York Bankors-The Irving, Queen's Road Central, National Bank.

Hong Roux. 1st Reptembar, 1928,

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

Head Office:-YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia

Bombay

Buenos AyroB

Calcutta

Canton

Changchun

Dairen (Dalny)

Nowchwang

New York

Osako

Peking Rangoon

Rio de Janeiro Saigan

San Francisco

Semarang Bhanghal

Fengtlen (Mukden) Seattle

Hamburg

Hankow

Harbin Hong Kong

- Honolulu

Kai Yuen

Karachi

Kobe London

Los Angeles

Lyons

Manila

Shimonoseki Singapore Soerabayn Sydney Tientsin Tokyo

Tainanfu Tsingtau Vladivostok

Temporarily

closed) Interest. allowed on Current Ac- counts.

Nagasaki Nagoya

Deposits received for fixed periods at rates to be obtained on application.

·EL: MORI,

Manager. Hong Kong, 11th September, 1928.

The Equitable Trust Company of New York,

Interest allowed on Current Ac-' counts and Fixed Deposits, Terms on application.

Next year and thereafter an op- occur for the portunity would

Rangoon KURnies (Pabang? Bharga Government to refund £2,086,173,- Sim! 688 of Five per Cent. War Loan at: Slog porn Rourabaya a lower rate of Interest. To enable this to be done'It was necessary to increase the supply of loanable capital, either through economy_in]; administration or through the pro- spority of trade. There was also the foreign money markets, and an Important contributing factor would be the declalons arrived at by the new Commission of experta for fixing the total amount of 'Gorman reparations. He hoped the capital

Manegar.

Every description of Banking Busi- THE BANK OF EAST ASIA, LTD. amount of these réparations would

ness transacted

HEAD OFFICE: HONG KONG.

be dixed, and some elasticity pro vided for the payment of annuities. It was advisable, apart from moral $10,000,000 considerations, that the amount

5,000,000 1,200,000 should be as low as practicable.

Loans granted, on approved accur 10, Des Voeux Road Control, ' Iitles.

Special facilities for Home Ex-Authorised Capital

Hong Kong. change.

Paid-Up Capital SHOU J, CHEN,

Manager. Reservo....

BRANCHES AND AGENCIES:- Batavia Melbourne San Francisco

Nagasaki Seattle Calcutta New York Semarang. Canton Ünská Singapore Haiphong Paris Sourabaya. Honolulu Poking

Sydney Kobe

Penang

Taipeh Kowloon

Rungoon, Tientsin. London Saigon

Tokyo Canton, Bhanghai Heukow Selow. | Manila" Shanghai

Correspondents in all principal cities

THE BANK OF CANTON, LTD. Bombay

Established 1912.

Head Offee-Hong Kong

Authorised Caplist (E.K, Ours003)-$11,006,000 Pald Up Captialis 0,601,300 Baner Fund; amestecenze

609,000 „DRANCHES ›--

Bangkok, New York and Bag Trancisco..

LONDON BANKERS'2'YA!

The lord Rabie Ideiled. CORRISPONDENTS-

In all palad pal nition of the World.

Foreign “amohange and bankdog bestows of, “erary Goworipilon - Jesussats Long

of the world. VAVARRA

Every, description of Banking and Exchange business transacted. Loan

31 | granted on," approved securities,

Usia Depodi Baza (yelous dies) at a paddy SAFE DEPOSIT BOXES to let.

LOOK POONG SHAN,tay SHKAN TONG PO,

Chief Manager, Belay

SHAREUPAYAAN Chief Manager. Hong Kong, 19th February, 1827. Hong Kong, 21st March, 1927.

LANE CRAWFORD'S

ARE OPEN TILL

6 P.M.

TO-DAY.

銘肚冰

HAF-5000 me

*ESABTÚFRA:

KOUSASBREAGE VOERDECHERUD 4 #

1:6-8888 68XKASN GON.... &ETENKSMS5]R-SHER

Horseradish, Shanghai.”

·竹來角的心辶瓜榮榮廚花花花椒料拉術節

**BER

FIREA

• Red

Groen

Curry Staff, English -- -

Cucumbers...

Ginger, Young

Old

Indian Corn

Lettuce Water Chestoute

Mushrooms, Frenb

·Okroes .... Onions, Rombay

Green Shanghai

Farsley

Potato, Sweet.....

| { } | ༅「[B:|g |2| |༄É།

** | - | | * * | | | | | | |* | | ***** | ® ] } ] • ] ;"'imma

| ||

ま

*...55-ɑl««riuba pol!*...*.......

Mandarin K

# #

Japanese

Avierican

Rhubarb (Fresh)

Pumpkin

Radiah

Turnips, Punti (Lung)) Vegetable Marruse

E***te #366}

** **

Where 16 Died in a Factory Explosion

shell-fire devastation is the scene" résulting from an explosion in the factory of Preble Cop East Lynn, Mass Sixteen were killed, and 3 injured; The photo shows firemen

1928-12-19 — Page 2

Comments

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