1929-02-02 — Page 2

2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Aashorinad Ospita

$50,000,000

Issued and Willy Paid-up ............. 6:30,000,2191 Beserve Fundam

String

0,000,000 4,000,000

* Resorts Liability of Proprietors .................830,000,000

HEAD OFFICE:" KONGKONG,

COURT OF DINMOTORS —

1. Compton, Esq.

Chairman.

W. B. Brown, Roq.

Deputy Chairman.

. . . Dalth. Esq,

W, H. Dell, Hay,

B. Lander Laulu, Esq.

... 8. Mackle, Esq.

WƐ L. Pollandan, Leg. 7. A. Hummer, Mag,

T. 0. Well, Bog.

H. Y. White, E ChiefŸManager,

Ion. Mr. A. O, Broek.

ERANCIES1-

ΓΑΜΟΥ

....

BANGKOK

BATAVIA

10MBAT

CALCUTTA CANTON CHEFOO COLOMBO DAIREN

POOCHOW

HAIPHONG

HAMBURG

HANKOW

HARBIN

HUNGNEW

ILOILO

ПРОП

JOUGRE

КОВЕ

SOWL.COM

KUALA LUMPUR

LONDON

LYONA

SEATACEA

MANILA

MOURDEN

NAGASAKI

NEW YORK

ТЕБІНО

PENANO BAKON

SAIGON

SAN FRANCISO:

SHANGHAI

SINGAPORE SOURADAYA BUNGE PATANI TIENTRIN

FURYO

TSINGTAD

YOKOHAMA

Current Acouste opened in Local Currency and Fizs Imposita esired for use yone i thacter periods in Local Currency and Bloring on tras which will be quated on application, Hong Kong, 7th January, 193.

HONG KONG SAVINGS BANK.

The Uluslars of the above Barik te condit ed by the HONG KONG AND BUANGRAI HANKING CORPORATION. Rules may be obiained on spplication.

FOR THE HONGKONG BANKING CHIPURATION.

SHANGHAL

A. C. BYNEB,

Chief Manags.

flony Koth Beptember, 1977.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

1NETHERLANDS TRADING SOCIETY)

BANKERA

Established IES.

Heng Kong Utos:—11 Quesa'a Zend Onaural. Authorised Capital Quilders 150,800,000- (211500,000.) Paid-up Capite Bullders 60,000,000- Blasty Pundar 40,000,000-

1,000,036.)

{23,317,185)

iland, Ullom AMSTERDAM')- Eastern lead Dow:--BATAVIA. ORANCHES ;--DandjestomA/D Ilona Bombay, Calquits, Chesi laqus) Bols, Jaddab, mar, Don' Kota-Kalja Maɣınar, Modaz, Fedaug

Fambhalongan Flisnak,Reagoon, Lotterdam'), Sibolga Bostabala,

Barang

(busta)

Mbanghel

Seerakarta (Bola TT and Weltevreden.") "These ose kare sale deponi) bases to L London Banke National Provincial Bank Lukla Correspondence all over the world Bleaking bazinues of stery description tected.

TH

O. STKENSTRA,

Manage

"Hong Kong, th August, 100

1

行銀商工法中 BANQUE FRANCO-CHINOISE pour le

Commerce et l'Industrie

(Incorporated in France).

Prince's Bullding, Chater Road, Hong Kent.

HEAD OFFICE:

74, Rue St. Lasare, Parla. Capital' fully paid up ..Frs.50.000,000 Special working capital .Fra.50,000,000 FY.22,319.000 Reserves

BRANCHES: Paris, Lyons, Marseilles, Saigon,) Haiphong, Hand, Tourane, Quinhon, Huê Thanh hoa, Vinh, Pnám Penh.

Peking, Shanghai, Tientsis, Hong Kong.

RANKERS:

3:

THE

JABEZ BALFOUR

32 YEARS' EFFORT BY COMPANY

CHINA MAIL,

COMMERCE

ORASH ECHO

About a hundred men and women, survivors of 25,000 people who originally held shares In United Realisation Company, formed thirty- FRANCE:-Societe Generale, Banqua two years ago to try and save some- Nationale de Credit Banque de thing from the wreckage. of the Paris et des Pays Bas.

Liberator Society and other Jabez LONDON:-Midland Bank, Ltd. NEW YORK:-American Exchange Balfour enterprises, attended

Irving Trust Co., Banca Commer-meeting at the Institute of Charter- cinle "Italiana,

ed Accountants, Moorgate. They had come, as in previous years, in the hope of learning that the com- pany was in a. positiop to make sarne payment to them.

SAN FRANCISCO:-Bank of Italy.

Every description of Baaking and Cor- Exchange Business Transacted. respondents throughout the world.

L. BERNIS,

Manager. Hong Kong, 3rd August, 1928.

a

For the most part they were middle-aged or elderly, and a large They proportion wero women. heard the announcement that by the Bale of shares the whole of the mortgages and debenture debts had been paid, and a balance of £13,000 had been invested in 4% per cent. £3,000,000 Treasury Bonds. There was a cer- £4,000,000 tain amount of liveliness over a pro- £3,000,000 posal, eventually withdrawn, to vote

£750 to the, directors.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1868. HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund Roserve Liability of Proprie

tors

Agencies and Branches: ALOR STAB

AMRITSAR BANGKOK BATAVIA BOMBAY CALCUTTA CANTON

CAWNFORE CEBU

COLUMBO

DAIREN (Dalny,

Houth Stanchitish

DELII

HAIPHONG

HAMIDEG HANROW HARBIN

Hanchuria)

MONG KONG

ILOILO

TPO

KARACHI

KLANG

KODE

KUALA KANGSAR,

Petak (1.8.)

KUALA LUMPUR

KUCHIKU

MADRAS

MANILA

MEDAN NEW YORK

סאואני

PENANG

PESHAWAR BANGOON SALOON SEMARANG SEREMBAN SEANUBAL SINGAPORE SUURABAYA

TAIMING

(PM 8.3 TAVOY TIENTUIN TOKYO

TONOKAH (1huket) THINOTAO

TORQUAMA

SANDOANGA

(Philippine Islands)

General

Mr. Henry Smith, ohairman of the company, who presided, said the company still held 200,000 Ordinary, shares in the Hotel Cecil. During a total of the company's carcer

| £1,082,409 of indebtedness had been paid off, without taking into ac- count temporary loans, interest on mortgages, and Interest and pre- mium on redemption of debentures, which together amounted to a large

additional sum.

Directors' Sacrifice

1

Mr. A. G. Morrish, a shareholder, moving that the directors be award- ed £750 as

⚫

AND

FINANCE.

or thirty-four years. I was then about 30 years of age, and I lost about £1,600.

Another shareholder said he did not think the directors would mind waiting another year or so. He was Interrupted by another speaker, and for some minutes there was a lively through several share exchange holders all trying to speak at the same time.

On harmony being restored Mr. Morrish asked to be allowed to withdraw his resolution, and the Chairman accepted the withdrawal.

TRADE IN CHINA

SIR HARRY GOSCHEN ON THE PROSPECTS

London, Yesterday.

LOCAL SHARES

·E

MESSRS, MOXON & TAYLOR'S WEEKLY REPORT

PROSPECTS BRIGHT

$

Messrs. Moxon and Taylor, in their weekly share circular, under date of yesterday, state:

We again experienced a quiet market during the week under re- view with but little change to re- port.

At the close the undertone is somewhat firmer and prospects for increased business after Chinese New Year look after brighter.

Shanghai market is quiet, The following are the principal alterations since last week:

Banks: Were quiet but steady with sales at $1,940/50.

Carton Insurances: -- Changed hands at $690.

Other Insurances:- Were en- quired for at quotations but there were no shares offering except at a alight advance.

few Hong Kong Hotels A At the annual general meeting shares were taken off the market of the National Provincial Bank, at $9 to $9.10 and they close with Hong Kong Trams: Were the Sir Harry Goschen, who was pre-rather more enquiry at $9.15. alding, dealt with the possibilities

medium of business at $20/60. of a revival of trade with China.

more shares are wanted at $20.45 but so far sellers are unwilling to accept the lower rate.

He considered that a friendiler attitude exists with China to Bri- tish Intereste and trade than for many years. It is a "great oppor- tunity for extending all sections of our trade in that great country which, if neglected now, may not recur."-Reuter.

4.

NICKEL FUSION WORLD'S OUTPUT UNDER ONE

CONTROL

at

Hong Kong Lands:-Came in for no attention on the part of buyers. Humphreys Estates:-Have buy- $15. without attracting ers golfers.

Star Ferries:-Weakened

And are now on offer at $71%.

Waterboats: Met with no en- quiry and close nominal at $20% ex div. of $1.50.

Steamboats-Eased off and came to business at $27./261⁄2.

China Lights:Were on the up- New York. The directors of the ward grade and rose from $12.20 International Nickel Co. (Canada) to $12.70 buyers, with sellers hold- have recommended, subject to theing out for a still further advance. approval of 75 per cent.

of the

China Providents:-Were en-

shareholders, the acceptance of the quired for at $5.05/10 without

a gratuity, said that proposed fusion with the Mond bringing out any sellers,

Nickel Co., whereby the holders of

when the company was at its lowest by the directors volunteered to

Foreign Exchange And Banking business transacted. Deposits received for 1 year or short divide the sum of $100 a year be. Nickel Co. will exchange for one for the old shares.

Current Accounts opened and Fixed

ur periods at rates which will be quote

ed on application.

A. H. FERGUSON,

Manager Hong Kong, 8th January, 1929,"

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

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

tween them instead of the $1,500 which they could have claimed under the articles of association. The position of the company-to-day was due entirely to their generosity, (Cheers.)

Another shareholder paid a tri- bute to the directors, but said they

were

old

must remember there people to whom 5s, and 10s, meant 1 large sum, and who had been hop ing for years that something might be coming to them.

"This is really money," he said, "that ought to go to people who have had their homes wrecked. I

Electries:-Were quiet with done at $53/531⁄2 the 108 Ordinary shares of the Mond some business International Company's Common Cements:-Met with a quiet de- stock, and holders of the Seven per mand and some shares changed

hands at $91⁄21⁄2/.60. Cent Preferred share,

If the proposal is accepted, seven places on the board of twenty-five directors will be allotted to Mond Nickel representatives.

A stockhladers' meeting was called for Jan. 3 to sanction the issue of the Preferred shares.

On the basis of the current prices of International Nickel and Mond Nickel shares, the merger repre sente a market value of $100,-

000,000.

Dairy Farme-Were almost un- noticed but at the close have buy-

ers at $21.

Wharves:Were done at $132 but close very quiet with $192, be- ing offered.

Docks: Are unchanged.

for $13.30.

Watsons: Are now being, held

London Quotations of the 30th

inst.:-Banks £145; Indos Defer- red £8.10/-; Shells $4.13.3 all middle prices.

4

Central Bank in Formosa. Bank-Notes issued

Average amount ....Yen. 45,000,000

The Mond Nickel Co. is a British BRANCHES AND AGENCIES:

Exchange: The demand selling chairman, and the fusion is regard-rate on London is 2/-1/18 and BANQUE DE L'INDO - CHINE. JAPAN: Tokyo, Yokohama, Kobe, know people who have been on the company of which Lord Melchott is

verge of starvation year after year; Osaka. FORMOSA: Giran, Kagi, Karenko, and now that there is money in handed as a triumph for British in the T/T. on Shanghai is Tla.78% HEAD OFFICE:

Keelung, Makong, Nanto, Shin- we are asked to vote it straight Co, of Canada is a subsidiary of terests. The International Nickel chika, Talchu, Tainan,

away as a gift to men who, al- Tamsul, Toon, Heito, Taito. CHINA: Shanghai, Hankow, Amoy, though they have done good service, the American company, but there is

Foochow, Swatow, Canton.

Kong, OTHERS: Hong

The mines of the two companies are not on the verge of starvation. no nickel in America.

now spending something which are now marged are situated We are Soerabaya, Semarang, Bombay, Calcutta, London, New like £800 per annum on administra in the Sudbury distric of Ontario, tion, and if we go on like this there and produce about 90 per cent. of will be no chance of any shareholder

96, Boulevard Haussman, Paris.

Subscribed Capital...Fra. 72,000,000.00 Paid-Up Capital ....Fra. 48,400,000.00 Reserve Funds ....Fra.102,000,000.00

Quinhon

BRANCHES Bangkok Hanoi Battambang Hong Kong Saigon

Mengtze Shanghai

Nam Dinh Singapore Noumea

Fort-Bayard Papeete

Cantho

Canton

Dibouti

Haiphong

Haskow

1

Tientaln

Tourate Peking Vinh

From-Penh Yunnanfu

Pondicherry BANKERS:

Takno,

Singapore, Batavia,

York, Dairen.

LONDON BANKERS:

The London County Westminster and getting anything in his lifetime" the world's output of nickel.

Parr's Bank.

The Bank hae_Correspondense in the Commerciai Centres in the European Costicant, Basis, 10- Philippo anda, v. Africe, 0.3.A. Australia,

ig. Tuferunt allowed on Current Accounts, and Pized d'Escompte de Paris; Credit Lyonnala; on. Deposita in Yan os be accepted

THE MERCANTILE BANK OF INDIA, LTD.

1

HEAD OFFICE:

15, Grassburch Bires), London, E. CJ.

Authorized Capital £3,000,000 Subscribed Capital..... 1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund and rest. 1,584,840 BANKERS1 The Bank of England & Midland Bank, Lid. BRANCHES: Bangkok Hongkong Kuala Lumpur XAAFOOD Howssh Xusgian (Pahang) Shanghal

Hadi

Himla New York

Bloppers Sourabaya

Lord Melchett visited America in October, and in a statement be- fore. leaving for England said: "A quite unnecessary duplication of capital and expenditure would be Incurred if the present programmes Ba

(Cheers.)

Another Shareholder: Has any Taingtao, Japan, Indo-China, Blam, Ladle director lost money in this co-

pany?

The Chairman: I am one of the Unager. hard. I attended the meeting that out separately. This can benefit Colombo archi Pasang

led up to the formation of this nobody, for it is both to the Inter- Delhi Kota Bharu Port Lents (Mauriilus) company. At a creditors' meeting ast of the consumers of nickel as

IN FRANCE: Comptoir National Deposits at rates which will be quoted an app original victims, and was hit very of the two companies were carried Bombay Ipoh

Banque de Paris et des Pays-Bas; Credit

Industriel

Societe Generale.

K. NAGURA,

et Commercial;

HONG KONG BRANCH:

IN LONDON: The National Provin cial & Union Bank of England, Ltd.; d'Escompte de Comptoir National 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 Ac- counts and Fixed Deposits according to arrangements.

9. Des Voeux Road Central Hong Kong, 19th January, 1929.

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

Every description of Banking and Paid-up Capital 'Exchange Business transacted.

Safe Deposit Boxes to let

A. LECOT,

4

Manager.

Hong Kong, 28th Nov., 1928.

LIMITED.

Reserve Fund

$80,000,000.00 18,278,000.00 9,629,425.24

HEAD OFFICE: PRKING.

HONG KONG BRANCH:

4, Queen's Road Central. Branches and Sub-branches ail overi

HONGKONG BRANOW. Every description of Banking and Rxchange busi- Inese tramadajoč.

INTEREST allowed en farrens, Accounts and

we formed a committee of inspecwell as the stockholders in nickel- tion of about fifteen gentlemen, and that the industry should be con-pud Deportia si Bates that may be securtained from these were chosen the first ducted with the least possible on appication. directors of the present company. I

am the only one who has attended capital and operating expenditure." every meeting for the thirty-three

UNCLAIMED TELEGRAMS.

THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH CO., LTD.

The following unclaimed tele- China and Correspondents in Europe grams are lying in the E. E THE YOKOHAMA SPECIE BANK, America, and other parts of the world. Telegraph Co. office, Hong Kong:

London Bankers:-The

National Boyd and Company, from Lon- Provincial and Union Bank of England,

don. Ltd.

The Guaranty Trust Company of New York.

New York Bankers: The Irving National Bank.

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

Yen 102,500,000

Head Office:-YOKOHAMA. Branches and Agencies at:

Alexandria

Batavia

Bombay

Buenos Ayres

Calcutta

Canton

Changchun

Dairen (Dalny).

Newchyang New York

Okaica

Peking Rangoon

Rio de Janeiro.. Saigon

Fergtien (Mukden) Seattle

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Kat Yuen

Karachi

Kobe

Lendon Los Angeles Lyons

Manila

Nagsald

San Francisco.

Semarang Shanghal Phimpoposal, Singapore Soerabaya. Sydney Tientsin

Tokyo

Tainanfu

Taingtau Vladivostok

Temporarily

[closed] Nagoya

Interest allowed on Current Ao-| counts.2

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

H. MORL Hong Kong, 11th September, 1928.

Alfonso Choy, from Mexico City, Mex.

Harris, 4, King's Terrace, Kow The Equitable Trust Company of loan, from Weat Barnes New New York.

Malden.

"Central News."

MRS, B. L. MANAHAN SAYS:

O. LO BANDEN,

Mounger.

7. Queen's Road Central,

Hong Kong, lat Bantambar, 1938.

"I KNOW ABSOLUTELY THAT MY PRESENT GOOD HEALTH AND WONDERFUL VITALITY

ARE DUE TO POO ON CHINESE HERBS."

273, Modesto Cal, U.S.A. 8838-

Mr. B. L. Manahan, Route C. Box

had suffered for nine years with female trouble and gastritis. I was afraid to go to a doctor because they would surely advise an operation, Having seen the terrible results of operations on similar cases like mine I did not have confidence in this means of regaining my former good health

"I continued to grow worse until I was conflued to my bed. I was in

Interest allowed on Current Ac- Hinman, Peninsula Hotel, from terrible pain and agony and nothing

counts and Fixed Deposits. Terms on application.

Every description of Banking Busi ness transacted,

Loans granted on approved secur. Ities.

Special facilities for Home The change.

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD.

Established 1912.

Jammu.

Monsieur Thesing Thesing. 20, Des Voeux Road, from Colombo. Wakin, from San Francisco,

S. LACK,

Superintendent. Hong Kong, 81st Jan., 1929,

THE GREAT NORTHERN TELEGRAPH CO, LTD., OF DENMARK.

would give me the least bit of relief. Any food taken into the stomach would invariably turn

Bour and suffered greatly from bloating and gar in the stomach. I was unable to do any house work, and suffered severe pains besides my female trauble,"

"I was in San Luis, Obisbo, it that time trying a change of climate, but I became so bad that I was nearly forced to return to Modesto, Cal, in an ambulance. I was finally brought to a far na Cares in an automoblie in which I was packed with pillows. While staying with a relative there The following unclaimed tele they suggested that I try the Poo grams are lying at the office of the On Chinese Herbi. 1 consented to do so, but was in such a weakened con- Great Northern Telegraph Condition that I and to be almost car ried to the office of the Poo On Chin Mangiak, Murfort and pany (Limited) of Denmark

ese Herb Co, V

Head Ofice Hong Kong.

Authorised depliai (ELK. Oversary) ...(K1,000,000 Paid Up Capial mannerismanner. Byt 300

* BRAKORTH jad

-- LONDON BANKERS (19.

CORRESPONDENTE

In "all geinolja, slides of the World !!

www.low.

PAOWN, WALOOK POONG SHAN, Hong Kong 19th February, 1927.

Shipbroker, from Tientsin. Cable, from Osaka,

was told by the Herbalist that

on

Since taking the treatment I have felt better than I have ever felt in my life and have never had a day of sickness since. i am now living. ranch, getting up at 5 o'clock in the morning and doing the work of a man, I am positively anrs that: my present good health and wonder- fal vitality are due to Pôv On Chin- eso Herbs, and the careful attention of the Herballet."

Thousands suffering from catarrh, bronchial and lung trouble, throat, cough, asthma, hay fever, malaria, stomach trouble, Indigestion, constipa tion, gastritis, pilos, diarrhoes, natula, heart disease, eczema, scrofula, female trouble, nervousness, insomnia, obesity. kidney, bladder trouble, Bright's dis- case, diabates, rheumatim, nouralgia, dropsy, pyorrhea, epileptic Ats, paralysis. tumora, ulcers, pimples, dizziness, headaches, neurasthenis, neuritis, and many other chronic dis casks, have been restored to health and happiness without poisonous drugs or the knife, by the Poo On Chinese Herbs. Tower.

THE POO ON CHINESE HERDS CO

TEE FOO LUN, Chinese Herbalist, Manager Director, Founder of the Foo On Herb Co. Over twenty-five Yearst, practical experience in Ameri

Main Office, Modesto, Calif., Herring the Rack with Chinese

I could be cured by the Poo On Chi U.S.A. Hong Kong Office, 86, Japanese Chamber of Commerce,ese Herbs and immediately start Queen's Road Central (1st floor). from Kobe

ed taking the treatment in little el C. B009 Office Hours, Daily 0 BY JESSEN, over a month I was an entirely enram to 12.83 p.m. 8 pm to 0. p.m.

ed woman, I began Improving fright Evening Hontal 8.30 pm to 8 y.m from, the beginning, and Low by pecial vappointment Coaly, Euro -months”- gained over

ndent.

Hong Kong, B1st Jan 1929

SATURDAY; FEBRUARY 2, 1929.

REPULSE BAY HOTEL.

--

CHINESE NEW YEAR'S EVE

Special Dinner Dance

SATURDAY, 9th FEBRUARY, 1929.

DANCING from 8 p.m. till 1 a.m. (Fancy or Evening Dress) DINNER $4.00 per head.

Tables may now be booked.

THE HONGKONG & SHANGHAI HOTELS, LTD.

HORNEBLENDE

Asbestos Fibre Compound.

15 Reasons Why You Should Use Horneblends Asbestos.

Fibre Compound 1. Water-proof 2, Sun-proof 3. Cold-proof, 5. Rust-proof

4. Acid-proof

the Bonded Waterproof Coating

7. Alt-proof

9. Cannot Run 11. Cannot Peel

13. Ready for Use

L

15. Not a Coal Tar Product."

6. Alkali-proof 8. Fire-resistant 10. Cannot Crack 12. Ever Elastic 14. Easily Applied

PERFECT PROTECTION.

Full Particulars from the Sole Agents a

ORIENTAL COMMERCIAL CO. Bank of Canton Building

Tel. C. 4405,

Sore Throat?

↓

At the first sign of Sore Throat take a few Formamint tablets. Formamint destroys the dangerous germs in mouth and threat and so cures Sore Throat. Let your children suck Formamiat too, so that they will not catch other children's infectious diseases.

FORMAMINT

The Com-Kling Throat Tablou

SKILLED WORK

IN

DRY-CLEANING AND DYEING.

INTRODUCTORY OPENING RATES.

GREAT REDUCTIONS

A1 FINISH

PROMPT SERVICE

NEW DEPOT

32, Wyndham Street, (Glenealy Building).

SUN HOW WAH CO.

華 巧:新

DRY-CLEANERS AND DYERS. Established 1913.

495, Nathan Road (Yaumati). Tel. K. 824. 232, Des Voeux Road C. Tel C. 5787.

75, Queen's Road C. 32, Wyndham Street. Ho Tung Bldg., Queen's Road C.

JAPANESE

HIGH-GRADE PORCELAIN STORE.

SATSUMA WARE,

KUTANI, WARE, MINO WARE,

ETC.

“MIYAJIMA”

27, QUEEN'S ROAD, CENTRALĖ Ground Floor, Hong Kong Hotel Building

CHY LOONG.

NEW SEASON PRESERVED GINGE

quality Prompt attenti deen's Road Central, 2nd flo 300-604 Canton"ROR

Central 2830.

ני