2
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Septial
$50,009,000
Inued and Fully Paldrup a $30,000,000 Reverte Ponde 1000
Starling £8,000,000
B...........$11,000,000
Kesatre, Liability of Proprietors $30,000,000
HEAD OFFICE: DONGKONG,
COURT OF DIRECTONS
A. H. Compton, Eag, Chairman.
N. Brown, Esq. Deputy ChairsAN.
Yon. Mr. B, D, F. Beith.
W. H. Ball, Esq. B. Lander Laxis, Esq. 0.0. B. Mankle. Ken,
ANDY
BANGKOK
DATAVIA
W. L. Fallacies, Esq. J. A. Pammar, Esq.
T. 0. Woll, Eng.
H. F. White, Beq. Chit Manager,
Hon. Mr. A.. Hyss.
HOMHAY CALCUTTA CANTON
CHEYOO
COLUYHO DAIRES FODCUOW
GIAIPHONG
HAMING
HANKOW
TEACHIN
LONGKEW
ILOILO
Trou
JUBICAL
коде
LONDON
DRANCHES
LYONU
-MAT-ACCA
MANIZA
HUALA LUMPUR
MOUXDEN
NAGASAKI
-NEW YORK
PEKINO
-PENANG
HA XODON
SAIGON
SAN FRANCISCU
SHANDHAT
-INGAPORE
SOURABAYA
ENGEL PATAN1 TIESTXIN
TOKYO
TDINGTAO SUKOHAMA
Current Accounts opened in Local Curtwang and bised Dapoelle revsired for one your OF arter plods in Local Currency And Starling na tor which will t quoted on application.
long and 2) Berevalier, 195
HONG KONG SAVINGS BANK.
The Business of the abors Hayk is condusi LANKING UNDANG AND BHANGHAL CORPORATION. Boles
obialued co application.
POR THE HONGKONG BANKIND CORPORATION.
may be
A SHANGHAI
A. C. BYNES.
Chiat Manager.
Bong Kong, tl September, 1907,
NEDERLANDSCHE HANDEL
MAATSCHAPPIJ.
(NETHERLANDS THADING SOCIETY)
DANKERS.
Belablished 1934.
Hong Kong OfBon - Queen's Road Central
Authation Capital
・Paid-Up Capital
· Reserve Fund
Quilders 160,000,000-
Oulidots 80,000,000.
(£6,686,ATD.) Quilder 40,000,000- (£2,200,359.)
Head Offon-{AMSTERDAM"). Eastern Bad Office :-BATAVIA, BRANCHES-Datadjarmanju Bandoeng) Bombay,
Ljómber, Calouste, Churibon, qua). Kobe, Dick Kola H Massar, Medan, Padang
T'alambang. Pontianak
Semarang
(Sumates),
SOTRETI
42d Weller
Bangoon
ingapore
行银商工法中
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 ..Fre.50,000,000 Special working capital .Fra.60,000,000 Fr.22,319,000 Raserves
BRANCHES:
Paris, Lyons, Marseillès, Salgon, Haiphong, Hanol, Tourane, Quinhon, Hua, Thành hoa, Vinh, Phám Fenh.
Peking, Shanghai, Tientsin, Hong Kong..
A PROSPECTUS
RULING BY THE LORD CHANCELLOR
WHAT IS IT?.
SAN FRANCISCO:-Bank of Italy.
Every description of Banking and Cor Exchango Business Transacted. respondents throughout the world. may arloe.
L BERNIS,
Manager, Hong Kong, 3rd August, 1928. THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1953.
THE CHINA MAIL,
COMMERCE
AND
FINANCE.
LOCAL SHARES
MESSRS, MOXON & TAYLOR'S WEEKLY REPORT
BUYERS IN EVIDENCE
Messrs. Moxon and Taylor, in their weekly circular on the local share market, under date of yes terday, state:.
Owing to the Christmas holidays we had only three full working days during the week under re- view so there was not a great deal of business transacted, though to wards the close buyers were more in evidencu, and, as we go to press, there is a firmer tone to the mar ket which:pell for 1929.
We wish
After all the discussion which has taken place concerning pro RANKERS; FRANCE: Societe Generale, Banque spectuses and offers for sale, it Nationale de Credit, Banque do may appear strange, says the Paris et des Pays Bas.
"Financial News" of Nov: 14, that as to' LONDON-Midland Bank, Ltd.
a pro- NEW YORK:-American Exchange there should be any doubt Irving Trust Co., Ranca Commer- what la and what is not
spectus (but the judgment of the clale Italiana.
House of Lords in the case of Nash V. Lynder, Indicates that there are circumstances where uncertainty In the declaration "every prospectus Issued by or on behalf of a company," the exact meaning of the term "prospectus," the precise meaning of "issued," and the meaning of "company" may be involved, and in the de claration "any share capital offered to the public for subscription," the exact meaning may come into £3,000,000 question of "offered" and "the $4,000,000 public." Two of these possible ambiguities are dealt with in the Interpretative section (295) of the Companies Act 1908. "Company," it is therein stated, "means a com- pany formed and registered under let go at less than $675. this Act, or an existing com-
HEAD, OFFICE: LONDON,. Paid-up Capital Reserve Fund Reserve Liability of Proprio-
tors
.£3,000,000
Agencies and Branches: ALOD STAB
Malay-Bralo) ·
ANRITHAR
BANGKOR
BATAVIA
BOMILAY
CALCUTTA CANYON
DAWNPURE CEBU
COLOMBO
HAMBURG
HANKOW
TANDIN
(N.ncburia).
HÙNG SONG
ILOILO
POIL
КАЛАСИТ KLANG
KORE KUALA KANGSAR
Perak (HB)
KUALA LUMPUR
RUCHIBO
MADRAS
MANILA
MEDAN NEW YORK PERING PENAND PESHAWAR ДАНОСОН BAT00A
SEMARANG SEHERDAN SHANGHA BINGAPOILE BOURADAYA
TAINING
TAVOY
TOKYO
TIENTSIN
TONGHAI (Bbukes)
THINGTAO
YOKOHAMA
ZAMBOANGA
(12ilippine Islands)
Foreign Exchange
Anil
ents and Friends
Your,
a Prosperou
Shanghai it is quiet. The follow are the principal
and Banka:-Steadied again alterations sie last week: changed hands at $1805/15.
Uniona:-Continued in demand and close with business done at the increased rates of $365/366.
Canton Insurances:-Are wanted at $665, but sellers are unwilling to
China Fires:-Have buyers at
pany"-not a particularly ill- $280, without attracting sellers.
definition-and "pro-
minating
Hong Kong Fires:-Were done
spectus" is declared to mean "any at $770,
Hong Kong Hotels:-Opered with
or
prospectus, notice circular, ad-
Ac-
SATURDAY, DECEMBER
1928
LETHEM'S HAMS
ALWAYS DELICIOUS!
The Ideal Ham for all occasions.
To be obtained from all compradores. · W. R. LOXLEY & CO. Sole Agentes--
HONG KONG
Prime Cul
H
Corned
Rount
IT
Breast
Soup
" Steak
כן
KONG MARKET
MARKET PRODUCE.
APPROXIMATE RETAIL PRICES.
Butcher Meat.
Dec. 28, June, June,
Steak Siriom Sausagea
Bullock's Brains
vertisement other invitation sales at $9.15/20, but gradually ad-Beef Sirisin offering to the public for sub-vanced to $92, at which price fur- scription or purchase any shares ther sales are reported and more
shares are wanted. or debentures of a company."
this intter definition, Hong Kong Trams:-Fluctuated cording to prospectus, notice, cireular. and to some extent and after sales at many $21.40/75, close with buyers at advertisement are all so forms or modes of invitation, and. $21.20 though rather more would General apparently, if the invitation-be probably have to be paid to lead to
the form what it may has for its further business. Banking business transacted.
Current Accounts opened and Fixed purpose the offering to the public Deposits received for 1 year or short-for subscription or purchase of but steady with some business re- er periods at rates which will be quot-any shares, etc., it is a prospectus.
first sight the net ed on application.
A. H. FERGUSON,
enough and Manager. conspicuous
to'
catch any enough Hong Kong, 3rd April, 1928.
or mode of invitation.
'does however, |Act, tempt to define "the public," nor $69%, but meeting with no response does it say what is meant by from sellers dose nominal at this. "issued" or by "offered."
Penan Pokalona tarda
Bhanghai, Elbogs THE BANK OF TAIWAN, LTD.
Bouras
(TAIWAN GINKO) Jogui, Tileifaf
') Thessalons have saia deposit baise to let.
London Banker:-National Provincial Bank Ltd
Correspondents all over the world Baaklog bule of vry dessipline seansscled,
0. BTEENSTRA.
Blog Kong, h August, 1920.
Tags
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
96, Boulevard Haussman, Pariz. Subscribed Capital ..Fra. 72,000,000.00 Paid-Up Capital ....Frs. 68,400,000,00 Reserve Funds ....Fra.102,000,000.00
BRANCHES: Kanoi
Quinhon Battambang Hong Kong Saigon
Bangkok
Cantho
Mangtze
Canton
Djibouti
Noumen
Shanghai Nam-Dinh Singapore
Fort Hayard Papeete
Haiphong
Tientsin
Tourane.
Peking Vinh • Hankow Prom-Penh Yunnanfu
Pondicherry BANKERS:
HEAD OFFICE:-Talpeh, Formosa Incorporated by Special Imperial Charter, 1899.
At
Obscure Points
Hong Kong Lands:-Were quiet
Tongue, fresh.. Tongue, corned
22+
A
1028. 1918. 1914.
Cis. Gla. Cla
40
Capone, Small
Fowls, Canton
Poultry.
Dec. 28, June, Juno,
***
L
1928. 1918 1914. Ct. Cl. Cie.
011
ББ
GO
20
55
· 30
40
21
cach 80. ?
21
per doz: 38
24
20
新鮮
65
24
"
40
24
40
24
13
each 50
Hoihow
海口情
30
lb.
70
60
each
pair 2.00.
tach 45
86
Eggs, Hon (cooking).... £.
·Eggo, Hen (fresh) -
Fowls, Hainan
[geons, Canton
Turkeys, Cock
Turkeys, Hen
25
-24 17-
Chicken
28 23.12.
34
28 12
28-24
22
Capons, Large
28
20
18
Duck
24
20 18
Doves
28 24 23
80 36
40 28 20
bot.15
10 12
each 65
50
80
Geese
80
looks Ported at $63/64%.
Humphreys Estates:-Could now fine form be placed at $14.80 with sellers still
holding out for $15. The not at-
Head
Heart
· · 11.20
-$1.30
Jb..
Hump, Salt
24 18 14
#2
Feat
10
84: 20 18
cách 10
10
12
Star Ferries:-Had buyers at
*
Kidneys
Snipe Pheasant
15
12
Tulle
Quail
28
Liver
Ib
24
14
Partridges
Tripo
6
met $1.20 $1.00 $1,00
Ib 46 20
40 26
44
...
"
48
11
Almondo,
F
Per Brt 3
ть.
· 16 · 15
28
18
18
each 18
10
14
1b.
23
肝
36
+2
26
Waterboats:Came in for rather
new
with
ย
Leg
Shoulder Saddle
more enquiry and would now find Calver Head & Feet.. buyers at $291G PANANA
Mutton Chop SteamboateAre steady Throe, therefore, out of the five ambiguities, had been left, as it buyers at $29, and a few shares Contral Bank in Formosa,
were, outstanding, and apart from changed hands at $294.
China Lights: Were quiet with Pig's Chitlings Bank-Notes issued
Brains Average amount...Yen. 45,000,000 the professional interest lawyers
take in points involving doubt, the some small sales of old at $11% at $11.90 BRANCHES AND AGENCIES:
Yokohama, Kobe, vagueness which, in this connec ex dividend and JAPAN:-Tokyo,
tion, has attached to "the public." cum. dividend.
China Providents:Were steady Osaka. FORMOSA: Giran, Kagi, Karenko, and to "issued" and "offered," has
Keelung, Makong, Nanto, Shin-ja bearing not only on the Com-with some business done at $5.16. Electrics: Were ateadily en- chiku, Taichu, Tainan, Takao,panies Act of 1908, but on the Com-
The newquired for at quotations but there Tamsai, Toon, Heito, Taito.
Act laya down certain-additional were. no.shares forthcoming except CHINA: Shanghai, Honkow, Amoy,panies Act of 1928.
Foochow, Swatow, Canton.
Kong, Singapore, requirements "where shares are at an advance on these rates. OTHERS: Hong
Dairy Farms:-Although buy- Batavia, offered to the public for subscrip- Soerabaya, Semarang, Bombay, Calcutta, London, New tion," and in its "share-pushing" era offered 10 cents moce than last York, Dairen.
section speaks of shares offered week, viz., 321.10, no sellers came LONDON BANKERS:
ז
Foot
1
Fry
Head
Heart
Kidneys.
in Lutver
Pork Chop
Leg
Loin
"
糖
Fat or Lard
猪欲
The London County Westminster and for sale to the public." Evidently, out and shares are being held for Shop's Head & Fast, # 25 paper set. 90
If it is not clearly understood what rather more.
Parr's Bank.
The Bank bai Correspondects in the Sommaroll the terms "the public," "ssued" Centres in the Europeas Continent, Bess, Mas and "offered" signify, there is a churia. Talogies, Japan, Indo-Cbles Blaza, Inlively opening for legal profes- Philppica Tanda, Java, Atrios, U.S.L., Australia, rarest allowed on Carrot Accounts, and Flaional concern in clearing up the It happens, however, that two out J. HARA,
Manager. of the three doubts have been subjects of this latest judgment of the House of Lords. A certain
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais;
Deposits al reiss which will be quoted applica obscurities. Banque de Paris et des Pays-Bas; o. Deposlis in You can be accepted. Credit Industriel ct Commercial; Societe Generale.
3, Des Voeux Road Central,
IN LONDON: The National Provin- HONG KONG BRANCH: cial & Union Bank of England, Lt; Comptoir National
Hong Kong, 22nd September, 1928.
Wharves: Are unchanged.
Docks Have had a further rise and $38% is now being offer-
Heart ....
K
Kidneys
Liver
-10
10
Mutton
·Bausages
would have to be paid to, obtain Buet, Beef ed but it looks as if rather more Bucking Pigs, to order,
shares.
London Quotations of the 27th Vesl inst.:-Banks £141; Indos. Deferr Shells £5.18.9: ell od 27.10/-;
Exchange:The demand
company, finding that it could con- middle prices. d'Escompte de
Paris; Credit Lyonnals.
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor poration; Guaranty Trust Co. of New York.
Current Ac- Interest allowed on counts and Fixed Deposits according to arrangements,
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let
A. LECOT,
Manager.
Hong Kong, 28th Nov, 1928,
LIMITED.
THE BANK OF CHINA,
行銀國中
(Specially Authorised by Presidential
Mandate of the Republic of China on the 22nd of November, 1917), Authorised Capital Paid-up Capital Reserve Fund
veniently do with more money-not
Bell-
an uncommon discovery-provided ing rate on London is 2/-5/16 and Barbel one ct its directors with type the T/T on Shanghai is Tla,
document stat- 78%. written copies of
Ing its position. One of the copies
was handed by the director to a friend, and that friend handed it
-$60,000,000.00 in turn to a friend of his own. but as an inducement to accept the Catfish
18,278,600.00 The upshot was a negotiation with employment proposed.
9,629,425.24 a gentleman who agreed to accept
HEAD OFFICE: PEKING.
HONG KONG BRANCH:
4, Queen's Road Central
employment with the company and to Invest £3,000.
All went well
until the employment was
The Public"
Codfish. Graba
Cattle Fish
19899&&& ! | TAMRAABN 1 SASPAR 82 8 8 11:
本海新白火火沙山美藝
口嫌
Fruits.
山專業
Apples (Califonsin)
Bananas (bride's) Carambola
Googanuten
Lemens, China:
Lemona (America)' ...
Lichsen, Dried ....
山集
***883894 ELE
35
24
Б
.4
12
1
each 14
10
10.
lb,
10
25
30
金山檸樂cnch 10
新會都穫
48
25 30
10
16
15
18.
14
10
12
12
23
Granges (Canton) Granges
Fears (Canton).
Peanuts
70.
exch
1
18
10
Persimmon, Large Plantain Pamelo, Slam Walnuts
ach 12
B.
20
肝
ib.
26
25 25
Grapes
45.
50 90 18
48
26
·40
· PAR
Vegetables, &c,
Artichokes
Beans, Sprout.
Long
Beet Root Bitter Squash Brinjala, Green
Red Cabbage, Chinma
(Shanghai) Cans Shoots, banch
Carrota Celery, Chines
Fish.
Bream
24
Canton Fresh
26
16
Water Fish..
海鮮:
88
16 27
Cary
-24 12
.42 16. 27
86
26
88 28
26 20
10 10
86 16
Chillies, Dried
24
10. 18
46
20
64 82 26
62 40. 30
26
18
.26
28
Ginger, Young*
28
84
Old
22 (24
82 21
Indian Corn
20 20
Lettuce
79
The Lord Chancellor's dictum as Dab deter to what is meant by "the public' Dace mined, and then the investor of the is of interest. A statement shown Dog Fish
Fresh Wa 29,000 set up the claim that the to any person as a member of the Eels, Congwr Teltow Branches and Sub-branches all over type written statement was a pros- public and as an invitation to that THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe, pectus, which had failed to comply person to take shares" is a pros-
America, and other parts of the world with the requirements of the Com- pectus. - The public, therefore, may: Fregs
London Bankers The National Provincial and Union Bank of England, panies Act. To this the defendant be a public of one, so long as the Garoupa -the director in question pleaded one. fa lavited as a member of the Gudgeon Ltd.
The Guaranty Trust Company of that the statement was not "issued public. But, further, the state Harring New York,
New York Baskers: The Irving to the public, and hence was not a meat must be an invitation to take Halibut
prospectus, and that plex the House shares. If it is an invitation to br National Bank
The Equitable Trust Company of of Lords has upheld, though on the take a position, and the taking of
ground that the statement was used shares is an incidental sequel, the Lebatera Now York.
Mackerel Interest allowed on Current Ac-not as an invitation to take shares, document fe not a prospectus, for
the prospective employee is a Mont Fun counts and Fixed Deposits. Terms on
proached in that capacity and not
Mallet application.
"as a member of the publle." Once more their lordships have laid it Oysters
Established 1880. Capital (fally paid-up) Yon 100,000,000 Yen 102,500,000 Rezerve fund
"Head Office:~YOKOHAMA,
Branches and Agencies at: Alexandria Bathyin
Bombay
Buenos Ayres
Calcutta
Canton
Changchun
Dairen (Delay)
Nowchwang
New York
Osaka
* Peking,* *-
Rangoon
Rio de Janeiro Baigon
Fengtion (Mukden) Seattle
Hamburg Hankow Harbin Hong Kong Honolulu Kai Yuon
Karschi
Kobe
London. Los Angeles
Lyons
Manila Nagasaki
Naraya
San Francisco Somarang Shanghai Chinonoseki
Singapore Boerabaya Sydney Tientsin Tokyo Tsinanfa Tsingtan Vladivostok
(Temporarily
A closed)
Interest allowed on Curren counts.dra
Deposita received
at rates to be obtained
•
Every description of Banking Bual- ness transacted.
Loans granted on approved secur- THE MERCANTILE BANK OF down that a private communica- Parrot Fish Itien.
Special facilities for Home Ex-| |change.
SHOU J. CHEN,
Managér.
THE BANK OF CANTON, LTD. Established "1912.
INDIA, LTD.
TEAD OFFIOMI
1, Grosshurch Street, London, Z. DA Authorised Capital
Subscribed Capital Paid-up Capital:
£3,000,000
1,800,000 1,050,000.
Roserve Fund and rest. 1,584,840 – The Bank of Borand Bičkal Bank, Ad „BRANCHES :
tlon, under these circumstances, la Perch not an "Issue to the public," even Pike though the public be in the singu-Place. lar number. From these rulings It Pomfret, Blae would appear to follow, first, that Pomfret,
a prospectus must be an Invitation prawn
to take shares, and nothing else; secondly, that, if atoh an invita tion, It does not matter how few or Bangkok Hongkong kumparano how Fiany persons see it so long simate as they sae It "as-members of the Bourse public and, thirdly
Head Office: Hong Kong Amtharland Capital (HK, Gurrency) 2.$1,000,000 Paid Up Ospital autorstvom 00400
800.000 Bombu - Ipak - Forse flowerve Fund
Chlousie Kandy Kew Karkan BRANOLLER)-- Osatos, Ebanghel, Kakow, man, Colombo Esood Fanang masaya
Blingspore
Bangkok, New York and San-Franciago, Delhi Rose Bhara Fort Laude' (blauritius) 20% kingið mun ba, othert
LONDON #BARREKS****.
The Lloyds Bank Limited. A
„Ja uli, pelodiyalathau of "sha : Worldw
CONÁESPONDENTS NE
JAMAN HOKÓKONO BAYOEL
„Brazy Inscription of Deaking, and Exchange buat
negotiation manifest relevancy
Forsignage and tasking
and
better
may be
4. Bale Tepods Barns (various) sis00) of a yearly}||Final Dupedie, al-Bales that may be neveríained
LOOK POONG SHANT KUSTEN WIL
on 11th September,
Hong Kong, 10th
Chief Manager
Denice;
ruary, 102
** *
18
9
1988
1991 ུ ྂ*སྦུ བུ སྒྱུ ཝ 0 1 ། ། ཞཱ 9 9༥ } ]
5
5
12
Caulifewar (Large)
(Medium).
* each 15
(Small)
中國花
12
維轉榮花
0
Ib.
8
10 -10
椒
24
25
症辣椒
24
10
18
耀花嫩
10 8 12
10
-8
10
Red
Green!
Carry Stuff, English Cucumbers
Horseradish, Shanghai.
Water Chestnuta
Mandar
桂林縣路
Mashrooms Fresh
Onions, Bombay
Grem Shangha!
Potato, Sweet
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