1929-02-04 — Page 2

2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorlord Capital

*****$,000,000

Issued and Pully Paid-up” 390,000,000 Busers Pendam.

Sterling 4,090,000 Bilver ཟག་བསྟན་64115རྟན31415.dan,add

Severe Lability of Proprietors 36,000,000

HEAD OFFICE: ALONGKONG,

COUNT OF DIRECTORS — &B. Compton, Esq. Ubaleman,

N. Brown, Moq. Deputy Chairman.

B. D. . Belth. Beg,

W. H. Bell, Engi

B. Lander Levli, Zag.

0.0.9. Machle, Kog.

AMOY BANOKOK BATAVIA BOMBAY PALCUTTA 'CAKTON CUFYI

COLUMBU

W. In Philaden, Esq. J. Plummer, q.

T. G. Well, Eng.

H. P. While, Esq.

Cilai Kutagut.

Hon. Mr. A. G. Elynas.

DAIKEN YOOCHOW HALFHUNG HAMBURG lla Sko HARDIN HOAGLEW

ILOILO

TROS!

JUILLE

KONE

KOWLOON

ВВАНСПЕВ -

KALA LUMPER

LONDON

ZYGNA

MAL.ACOA

MANILA

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, Rua Bt. Lazare, Paris. Capital fully paid up..Fr1,50.000,000 Special working capital Frs.50,000,000 Reserves

..Fr.22,919,000

BRANCHES: Paris, Lyons, Marseilles, Saigon, Haiphong, Hanok Tourne, Quinhon Hue, Thanh hoa, Vinh, Phom Penh.

Peking, Shanghal, Tientsin, Hong

Kong.

FRANCE: Soclete Generale, Banque

KOUKDEN

NAGASAKI

L'

NEW YORK

TEKIND

elala Italiana, SAN FRANCISCO:-Bank of Italy.

PENANO BANGOON

RAIGUN

SAN FRANCISO

SHA SOHAL

SINGAPORE

SOURABAYA

SUNGEI PATANI TIENTSIN TUKYD

-TSINGTAO

YOKOHAMA

Current Annouate opened in Loosi Currency and Fixed Deposite sosiod for one year or aborter periods is Lool Currency and Seling Do which will be quoted on application. Hong Kong, id Ivary. .

HONG KONG SAVINGS BANK.

The Busines of the share lack la conduct

ed by the H

BASKING

obtained on application.

AND SHANGUAL

Hules may

POX THE. KOSOKONG #

BANKINO CORPORATION.

BUANOBAL

A. C. BIKES,

Chief Hacager.

long Kaur, ah September, 1927.

NEDERLANDSCHE HANDEL

MAATSCHAPPL.

(NETHERLANDS TRADING SOCIETY)

DANIKEN.

Established 1834.

Hong Kong Ufons--li Queen's Road Central Aushaciend Capital

Ford-Up Capital

Besers Fund

Qulder 150,000,000 {13}} Builders 80,000,000 [2,066.670) Guildsen' 40,000,000-

Need Ofour-(AMSTERDAM'). Eastern as Ufc :—BATAVIA. BRANCHES(-Baudjermasi Dandoeux') Botabar,

Calcutta,

Jeddah, Djember,

Pojkar the Hague'), Kobe,

Keta-ladje, Makar, Medan, Padang Palemba

Panang.

Fakelongsotterdam Foliari, Dawgooo, bamamangh Banghel, Kibolga Bourbal, (Jumaire), Hapspore Coerakarta Boloh Tagal, Tiltap and Weltevreden.'}

"These affans have safe deposit bazes sa lat London Bars Exovolal Bank Ltd.

Correspondaie si ater the world Baking bushes of vary description tracascted.

O. STERSSTRE,

Hong Kong, 29th August, 1998.

Manager.

“WAYFOONG "

A PROPOSED NEW ORDINANCE

THE CHINA MAIL,

COMMERCE

A N'D

FINANCE.

Chairman's Speech

MONDAY, FEBRUARY 4, · 1929.

period of the note fasue of the SOLE SURVIVOR OF 28 Chartered Bank of India, Aústra-

Ila and Chins, and of the Mercan PARTNER IN LOCAL DYEING

tile Bank of India, Ltd., is rea- tricted to the same period.

Simplised Language

Clause 12 relating to the llab- lity of shareholders on the dissolu-

FACTORY

ANTI-JAPANESE BOYCOTT

The solo survivor of 28 (as the

LAMMERT BROS.

AUCTIONEERS, APPRAISERS

AND SURVEYORS.

· Public Auctions

THE Undersigned have received Instructions to sell by Public

ON

Auction

commencing at 2.30 p.m.,

at their Sales Room, Duddell Street.

The

A Large Quantly of VALUABLE HOUSEHOLD

FURNITURE.

Comprising:

tion of the Corporation includes In Oficial Receiver, Mr. E. L hereof until the date of the above simplified language the combined Agassiz, called him), in a local mentioned confirmatory meating." provisions of Section 12 (8 and 6) partnership underwent his public"

and Section 25 of the Ordinance examination in the Bankruptcy The chairman then said:-As of 1866, and the Regulations also Court on Saturday before his Hon- you are aware, this meeting has enable the Board of Directors to our the Chief Justice (Sir Henry WEDNESDAY, 6th February, 1929,

for the Gollan, C.B.E.), who disposed of a IMPORTANT RESOLUTION been called in order that thedo everything necessary

shareholders of the Corporation getting in and disposing of the fairly long list of cases.

Debtors were the Hop Yick Dye- Shareholders of the Hong Kong may authorise the Directors to property and discharging, eo far

liabilities of the Bank and dis managing partner was Leung Plu, and Shanghai Banking Corpora- take all necessary steps for the as the assets extend, the debts and ing Factory of Saiwanho, tion held a meating in the City enactment of a new Ordinance to tributing amongst the sharehold-who had a share of $1,000 in the RANKERS:

Hall on Saturday, at which an amend the presunt constitution of important resolution, with refer- the Corporation. You will observere the surplus assets of the capital of $20,000.

In seven years' existence, the

Teak Hatstand, Tapastry Covered Nationale de Credit, Banque de

ence to the introduction of an from the notice, which has just Bank, and finally winding up and

This Regula-Arm had started with. profits but closing its affairs.

Couch and Armchairs, Glass Paris et des Pays Ba

Ordinance into the Legislative been read, that a copy of the protien replaces Art. 208 of the Dead had subsequently lost. LONDON Midland Bank, Ltd.

Cabinets, Desks, Grand Piano, NEW YORK:-American Exchange Council was brought forward, proposed Ordinance could be seen of Settlement.

Losses from Floods

Cottage Plano, Gramophones, Sew- Irving Trust Co., Banca Commerposed by the Chairman, seconded during the periode specified at the Clause 18 of the Bill as to forms

When the factory was at Wong-ng Machines, Bookcases, Pictures, by Mr. T. E. Pearce and passed Head Offee of the Corporation of contract, and Clause 14 as to net-chong. Leung Plu sald, they Of Paintings, Carpets, Ruga. Por unanimously.

and at the office of the Corpora- Bills of Exchange and promissory suffered considerable losses yearly celain Vases, Ornaments, Steel tion's solicitors in Hong Kong and

Cabin Mr. A. H. Compton (chairman also at the office of the Corpora- notes merely define what is the from floods (in Happy Valley).

In 1927, the factory was removed etc., etc. existing practice of the Bank. of directors) presided and was tion in Shanghai. This is suff- Under the existing Ordinance to Safwanho on Government land, Teak Dinng Tables, supported by Mr. N. S. Brown clent to comply with the existing the amount of the accommodation the tenancy of which was deter-Chairs, Sideboards. Dinner Wag- (deputy chairman), Mr. B. D. F. requirements.

which may be given by the Bank minable at six months' notice. Beith, Mr. W. H. Bell, Mr. B. fact, however, a copy of the pro- to a Director or other officer of

gons, Ice Cheats, Aluminium Ware, In spite of the insecure tenure, Crockery, Glass Ware, Cutlery, Lewis, Mr. W. L. posed new Ordinance has been the Bank is restricted. Under the firm spent $8.800

In fairly etc., etc. Lander Fattenden, Mr. C.. G. S. Mackie, sent to every branch of the Bank Clause 15 of the new Ordinance substantial buildings, $1,970 on

and Teak Bedsteads, Mr. J A. Plummer, Mr. T. G. and shareholders have been given the amount is yet further restrict-fittings and

& further sum on Wardrobes, Dressing Tables, Weall, Mr. H. F. White (directors) a full opportunity of perusing it

Chests of Drawers, Washstands, and the Hon. Mr. A. C. Hynes at all places where there are

Clauses 16 and 17 provide that All this was sold recently to Commodes, Crockery, Linen, etc., branches or agencies. (chief manager).

In certain eventualities the Bank piece goods broker for $3,000. In etc., etc. "Objects and Reasons"

may be wound up by the Supreme reply to his Lordship, the Oficial Attached to the print of the new Court, in which, event all the pro- Receiver said that the sale had Ordinance and the new Regula-visions of the Companies Ordin- the approval of all the creditors tions in the Schedule thereto

gor

Every description of Banking and,

Cor- Exchange Business Transacted. respondents throughout the world. L. BERNIS, Hong Kong, 8rd August, 1928. THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1853. £3,000,000 .£4,000,000

.£3,000,000

HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund Reserve Liability of Proprie..

tors

Agencies and Branches:

KUALA LUMPUR

ALOR STAR

(Slular diates)

AMAITUAN

BANGKOK НАГЛУГА BUNDAY CALCUTTA CANTON DAWNPORE CEUU

CULUMBO

DALEN Daloy,

Hauth Mancharle)

MADRAS

KUCHING

MANILA

MEDAN

NEW YORK PEXING PENANO PESHAWAR RANODON SAIGON BEMARANO SEREMBAN BHANGHAI

The Bank's Capital

As

a matter of

ed.

machinery.

(which Regulations replace the ances with respect to the winding but that was not exactly

up of companies shall apply to the

present Deed of Settlement) you will find the "Objects and Rea- Table of Correspondence sons," between the new Bill and Ordin. ance 2 of 1866 and Ordinance No. 2 of 1924 (which latter Ordinance

Bank.

Clause 18 makes the necessary repeats and preserves the original incorporation of the Bank.

Regulations

a sine

qua non and he was curious' to know more about the sale,

Brother the Promoter

Brass

Trunks, Perambulators,

Dining

and

A Quantity of BLACKWOOD FURNITURE. Catalogues will be issued.

On View from Tuesday, the 5th February, 1929.

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers.

Hong Kong, 1st Feb., 1929.

Shareholders' present were Mrs. Blair, the Hon. Sir Henry Pollock, K.C., LL.D., the Hon. Mr. W. E. L. Shenton, Messrs. T. E. Pearce, G. E. Towns, Ho Kom-tong, O.B.E.,

Nissim. Arnold. A.

M. John Manuk, R. A. Dastur, E. D. Kotwall, D. V. Steavenson, E. S. Abraham, D. J. Lewis, D. E. Clark,

Reference was made by the man- aging partner, during his public Henry Humphreys, J. H. Taggart,

examination, to the Japanese boycott | J. Fleming, J. E. Joseph, S. J.

With regard to the Regulations, and the adverse effect it had on the Jordain, C. Bernard Brown, J. T. increased the limit of the Note little need be sald except that they business. His firm bought Japa- Bagram, J. F. Wright, H. Dixon, issue), and a Table of Correspon-have been drawn up in accord-nese cloth, he stated, dyed, and THE Undersigned have received J. M. Alves, L. G. Bird, DS.O., dence between the Regulations

instructions to sell by Public K. S. Morrison, Ho Ki, Fung and the existing Deed of Settle-ance with the modern forms of sold most of it for use up-country,

precedents used by banking com-

His older brother had $2,000 | Auction Kong-un, J. Hennessy Seth, Chanment, which explains the reasons panies and that they have been share and the firm he was coa-

ON Lim-pak, D. M. Goodall, W. E. for any alterations made by the

extended, so as to meet all pos- nected with had a further $5,000 THURSDAY, 7th February, 1929, Van Eps, P. S. Cassidy, F. K. New Regulations.

alble requirements of modern share in the factory. That brother In the year 1866 when the eri-banking, finance and commerce was the promoter. Kwok, B. L. Seton-Winton, Ho

He and all the Pulak (PE) and General Wing. C. A. da Roza, W. S. Bailey, ginal Ordinance was passed (the and generally speaking, the Re- Foreign Exchange

other 26 partners had left Hong Chan Shu-ming, H. S. Hills, C. 1. Deed of Settlement being execut-gulations, are based on Ranking business transacted.

the reKong and returned to the village Current Accounts opened and Fixed Cookes, W. G. Goggin, O. I. Ellis, ed in the following year), no one quirements which the Bank, by whence they came. He, himself, Deposits received for 3 year or short- A. B. Raworth, V. M. Grayburn, contemplated the important positits own experience, has found to had been asked by the creditora to er periods at rates which will be quot-Fung Bok-un, and K. E. Greig.tion which the Bank has since at be necessary for the proper con-atay behind so that matters could be ed on application.

tained in international finance and duct of its business. A. H. FERGUSON,

Hong Kong, 8th January, 1929.

(N. Menchuria)

DELHI

ПАТРИОКО

BINGAPORE

HANDUNG

BOURADAYA

JANKOW

I

TAIPING

HABEIN

M

TAVOT

JUNO EUNG

ILOILO

.

TOKYO

KLANO

KOBE

JPOLI

KARACHI

KUILA KANORAN

TIENTRIN

TONGKAR (Dhuket) TSINGTAO

(Philippine Islands)

་

Manager,

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1999,

THE YOKOHAMA SPECIE BANK, JAPAN Tokyo, Yokohama, Kobe,

LIMITED.

Established 1880. Capital (fully paid-up) Yen 100,000,000 Yen 102,600,000 Reserve fund

Head Office:-YOKOHAMA. Branches and Agencies at:

Newchwang Alexandria

Batavia

Bombay

Внепов Ауте

Calcutta

Canton

Changchun

Dairen (Dalny),

New York

Osake

Peking

Rangoon

Rio de Janeiro Salgon

San Francisco

Fengtien (Mukden) Seattle

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Central Bank in Formosa, Bank-Notes issued

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

BRANCHES AND AGENCIES:

Osaka. FORMOSA:-Giran, Kagi, Karenko, Keelung Makong, Nanto, Shin- Talaan, Takno, chiku, Taichu, Tamaui, Toen, Hoito, Taito.

Amoy, CHINA-Shanghal, Hankow,

Foochaw, Swatow, Canton. OTHERS: Hong Kong, Singapore, Seerabaya, Semarang, Batavia,

Bombay, Calcutta, London, New York. Dairen.

LONDON BANKERS:

The London County Westminster and Parr's Bank.

The Bank har Correspondenta la the Dommartial Centres in the Europea

Busal, Man

The New Ordinance

At the request of the chairman, Mr. Hynes read the following re- solution:

lative Council thereof,

And

cburls, Tsingtao, Japan, Inder glam, India, given

Semarang Shanghal Shimonoseki

HONG KONG BRANCH:

3, Des Voeux Road Central.

Singapore Socrabaya

Hong Kong, 18th January, 1929.

籍

shares.

wish to ask.

It is therefore to be

admitted.

The creditors, at a meeting, had

and adjudicated bankrupt

commencing at 5.15 p.m.

at their Sales Room,

**Duddell Street.

A Valuable Collection of POSTAGE STAMPS

Particulars from Catalogue.

On View from Wednesday, the 6th February, 1929.

Torms: Cash on Delivery,

LAMMERT BROS,

Auctioneers.

Hong Kong, 1st Feb., 1929.

His Lordship, accordingly, dis-

Three Adjudications

They con wound up, the managing partner the vast amount of world-wide tain the usual probibition against commerce with which it is now

Trustee's Security connected. And although the Or- buying or against lending money

The petition in this case had been "That the Directors of the dinance of 1866 and the Deed of on the security of the Bank's own

filed by a creditor, the Ming Kee Hong Kong and Shanghai Bank- Settlement have been 'amended to

The Head Office remains, as firm of No. 2, Mercer-street. ing Corporation be and they are a certain extent, it has been felt heretofore, in Hong Kong, hereby requested and authorised for some considerable time past

The Bill and Regulations have resolved that the dyeing factory be petitioning creditor but none of the by and on behalf of the share that that Ordinance and Deed of

under the instructions of the

that partles concerned was in Court. holders of the Corporation to Settlement ought to be thorough: Bank's solicitors, been carefully take all such steps as may be ly brought up to date and that drawn and revised by the Honour-Leung Ching, managing partner of necessary for the Introduction the constitution of the Corpora- able Sir Henry Pollock, K.C., and the firm of petitioning creditors, be missed the petition. of an Ordinance into the Legis- tion should be brought into line also include certain suggestions appointed trustee, subject to his

On the application of the Official lative Council of the Colony of with those of the principal Bri- which have been made by the At furnishing $3,000 security to the

In accordance Receiver, his Lordship made an Hong Kong and for the enact-tish Banks.

torney General, the Honourable Official Receiver.

Official order for adjudication in bank. ment of the same by the Gov- Subject of course to the wishes ir Joseph Kemp, C.BE., K.O., and with this resolution, the ernor of Hong Kong with the of shareholders, I do not propose they have been approved by the Receiver made an application to the ruptcy in the case of the Ka. Lun advice and consent of the Legis- to deal with the proposed Ordin- Secretary of State and the Lords Court and his Lordship made the Fook Kee firm of plece goods Jervois-street, against in the ance and Regulations in detall Commissioners of His Majesty's requisite order, the public examina-dealers,

whom Tse Cho-son had petitioned. terms of a print which, for the but will only refer to the salient Treasury and by the Governor of tion following Immediately. $100,000 in Debis

His Lordship had, at a previous purposes of identification, has points.

Hong Kong. Original Incorporation

“My Lord. I have over $100,000 in |sitting, refused an application for been signed by the Chief Mana- ger of the Corporation, in sub- The Corporation was originally hoped that the shareholders here

a composition which stitution for the existing Ordin- incorporated for the term of 21 present will unanimously support debts owing to-me and I cannot approval of ance (except as in such print is years from the date of the Ordin- the Resolution which I am about collect any of it," said Ng Cheuk had been accepted by the creditors

to propose. As soon as the Re-san, of a debtor firm of Kwong at a meeting. mentioned) and Deed of Settle-ance. This period has been en solution has

Another case was that of Chun been proposed and Tung Wo Wo Kee. ment of the Corporation.

His Lordship directed him to Kam-ching, arising out of what larged from time to time by the seconded, I shall be pleased to an-

as the "South is hereby notice

also Governor, with the advice of the swer to the best of my ability any place all information in the hands might be described that further extra- Legislative Council of the Colony, meeting of the sharehold- and the present period of incor- questions which shareholders may of the Official Receiver and to give China Import and Export Co. him every assistance. At the re-proceedinga." Debtor put in his An offer of a com- quest of the Official Receiver, debtor own petition. Interns allowed sa Current Assounts, and Fixed ers of the Corporation will be heldporation of the Bank will apart

The Motion Dapoule at rates which will be quoted applice on Saturday the 23rd day of from the provisions of the propos I now propose that the Direc-was also told that he had to attend position of 50 per cent, (to be paid lion, Depoelie in Yen oud be scoupled

K. NAGURA, February, 1929, at 1845 in the ed Ordinance, expire in August tors of the Hong Kong and Shang- the Omeial Receiver's office when to the Official Receiver by Dec. Manager. afternoon at the same place for of this year. It is obviously de-hai Banking Corporation be and notified to do so, previous attempts 81, 1928) had not been fulfilled. the purpose of receiving a report airable that the incorporation of they are hereby requested and au- to communicate with him having Accordingly, the Official Receiver of the above mentioned meeting the Bank should now be made per thorised by and on behalf of the falled.

applied that debtor be adjudicated and of considering and, if thought manent and the proposed Ordin- Shareholders of the Corporation Action was taken on a creditor's bankrupt and that the Official Re- fit, confirming the above resolus ance, if passed, provides by Clause to take all such steps as may be petition (of Fung Yiu), to whom calver be appointed trustee.

The application was granted. tion in accordance with Article 96 3 for this.

necessary for the introduction of debtor admitted owing $1,000. The new Ordinance provides by an Ordinance into the Legislative of the Corporation's Dead of Set-

On the Official Receiver's ap-

Acting on a resolution by the order Clause that its provisions and Council of the Colony of Hong plication, receiving

was creditors, the Official Receiver ap- tlement.

Dated this 1st day of January, the Regulations for the time be- Kong and for the enactment of directed.

plied for adjudication and the ap- 1929.

ing shall bind not only the Bank the same by the Governor of Hong

"Might Da Injury”

pointment of himself as Trustee in By Order of the Directors,

and the shareholders, but also Kong with the advice and consent

Another petition for receiving the case of the To Heung Hop firm, third parties.

of the Legislative Council there-order was dismissed by his Lord- against whom Li Ngan-ng, A. C: HYNES,

Clause 5 provides that the obf, in the terms of a print which, ship at the request of the Official creditor, had petitioned. Chlef Manager. Jects of the Bank shall be the for the purposes of identification, Receiver:

This application was also granted Note:-A copy of the proposed carrying on of the business of has been signed by the Chief It concerned a man named Lara by his Lordship. HONG KONG BRANCH: New Ordinance can be seen dur- barking and, as ancillary thereto, Manager of the Corporation, in Cho-yin whom the Official Receiver 4, Queen's Road Central. ing the usual banking hours (Sun the other businesses and objects substitution for the existing Or-understood to own considerable pro- Branches and Sub-branches all over days, Public and Bank Holidays set forth and contained in No. &dinances (except as in such print perty China and Correspondents in Europe, excepted) in Hong Kong at the of the Regulations. America, and other parts of the world. Head Office of the Corporation or

The objects is mentioned) and Deed of Settle. Petition was by Ng Hol-ting, who RO defined In Regulation 8 are ment of the Corporation. London

The claimed to be a creditor. National Bankers: The 96, Boulevard Haussman, Paris

Provincial and Union Bank of England, at the offices of Messrs. Johnson, such as to enable the Bank to carry

Mr. Pearce seconded.

"act of bankruptcy" alleged was Ltd.

Stokes & Master, Prince's Build-on, not only all the different

that debtor had departed from the Subscribed Capital

Shanghai; Yesterday. ‚Frs. 72,000,000.00

The Guaranty Trust Company of ing, Solicitors to the said Corpora-branches of banking, but also

A Suggestion Paid-Up Capital....Fr. 68,400,000.00 New York.

Mr. Alves sald: I should like Colony with intent to defeat his

As expected the Chinese Marl- Frs.102,000,000.00 New York Bankers:-The Irving tion, and in Shanghai at the Office those ancillary matters which the

ereditors. Reserve Funds

Application had begu fime Customs revenue collected in BRANCHES:

National Bank.

of the Corporation, from the date oxigencies of modern commerce to have some explanation in re- Hanoi Bangkok

Quinhon

The Equitable Trust Company of

and finance recessarily imposs gard to Clause No. 7 of the pro- made to the Court for substituted Shanghai in January shows a very But, the Official Receiver substantial increase over the pre- New York. Battambang Hong Kong Saigon

posed Bill now before us. I refer service. upon large Banking, houses. Interest allowed on Current Ac- Mengtze Shanghai

particularly to the last two lines pointed out, if debtor was out of vious January, largely due to the counts and Fixed Deposits. Terms on Nam Dinh Engapore

Tientsin

application. Noumea

The exlating capital of the Bank/thereof, viz., "to a total amount the jurisdiction, substituted ser- rush by importers to get in cargo.

vice was not permissible. exceeding not

before enforcement of the new Fort-Bayard Papeete Tourang

The Official Receiver drew his duties. with the previous consent of the I do not know whether this is Lordship's attention to the fact that The total collection for January

over 4,000,000 Governor, to increase the same to a piece of modesty on our part, delay might do the debtor con is just $10,000,000 a sum not exceeding $50,000,000. but at the rate this Bank is grow siderable injury and he, therefore, against approximately 1,850,000

Clauses 8 and 9 of the drafting I am of the opinion that this opposed any application for ad-taels last year. ........... 1,200,000

Ordinance make certain provisions amount should be stipulated as fourament.

The principal factor in this in- There had, been a last-minute crease is the import duty, which as to the alteration and re-organ-not exceeding $100,000,000, thus Nagasard Seattle ancisco sation of capital, which might pos- providing for whatever further change of solletter secting for the comes to over 3,200,000 teels, an

sibly in the future be useful, ap-capital we may require for the plicable to the Bank

Kai Yuen Karachi Kobe.

London

Los Angeles

Lyons

Manila

Negasaki

Nagoya

counts.

Sydney Tientsin

Tokyo

Tainonfu

Tsingtau

Vladivostok

(Temporarily

closed)

Interest allowed on Current A Deposits received for fixed periods at rates to be obtained on application,

H. MORI,

Manager. Hong Kong, 11th September, 1928.

BANQUE DE L'INDO - CHINE.

Gantho

Canton

Dubouti

Haiphong

Hankow

HEAD OFFICE:

Peking

Vink Paom-Penh Yunnanfu

Pondicherry BANKERS:

IN FRANCE: Comptoir Nationa d'Excompte de Paris; Credit Lyonnais; Banque de Paris et den Pays-Bas; Credit Industriel et Commercial;

Societe Generale.

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential Mandala of the Republic of China on the 22nd of November, 1917). Authorised Capital Pald-up Capital

Reserve Fund

.$60,000,000.00 18,278,000.00 9,820,425.24

HEAD OFFICE; PEKING.

Every description of Banking Bus!- ness transacted.

Lonna granted on approved secur- Ities.

Special facilities for Homa change.

The Capital

will remain as it is, with power, ($50,000,000.***

...

THE BANK OF EAST ASIA, LTD.

BHOU J. CHEN,

Manager.

HEAD OFFICE: HONG KONG. 19. Des Voeux Road Central, Hong Kong. Ex-Authorised Capital

Pald-Up Capital Reserve...

BRANCHES AND AGENCIES:---

Batavia

Bombay,

Canton

IN LONDON: The National Provin- THE BANK OF CANTON, LTD.

cial & Union Bank of England, Ltd; Comptoir National d'Escompte de

Paris; Credit Lyonnais.

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

یکھو

Interest allowed on Current ̈· Ac- counts and Fixed Deposits according

to arrangementsuzy spare

p

Every description of Banking and Exchange Business transacted

Safe Deposit Boxes to let

SANTE ALECOT TheManager." Hong Kong, 28th Nov, 1928.

Established 1919,

Head Offices Hong Kong.

Authorised Capital (ELK, Durrine)) '... §11,000,208 Paid Up Osoliai masak 1 10 TON 8,064-300 Ameris Fund 10000

BRANCHES um hotarath -Danlon, Binaghal, Hankow, | Bushow, Bangkok), New Tak and San Frantova,

TANDON. DANKER ......

10. Zloyd's Bank Umist, DATA CORRESPONDENTS

In all principal oltine of the Wall

·Foreign asthange, and bealing "hostnam wwwwy/description, transandodkendes

Bale Depods Banos" (various sides), as a postly

MELOOK, POÓNG. SHAN..

5,000,000

the

of sun!

-CUSTOMS DUTIES

EFFECT OF INCREASE IN SHANGHAI

taels

increase of just under 2,000,000 tools compared with last year, At for into the the same time the export duties

are up over 10,000 taels, while

Calcutta New York Semarang Osaka Singapore Haiphong Parla Bourabaya

expansion of the Bank's business

rather looking too The new Ordinance contains due for many more years to come. Honolulu Peking

Sydney Kobe

Penang Taipeh

provision with regard to the note)

The Chairman: Although the future, is it not?. Kowloon Hangoon Tientain lague and the security therefore agure is given as $50,000,000 The resolution was then carried tonnage dues have increased to London Saigon

Tokyo, Manila

and the liabilities of shareholders does not preclude us from seek- unanimously as it atcod, and the the extent of 45,000 taels. -Shanghai

Under the heading of const Correspondents, in all principal cities in connection therewith The

ing power to increase the Capital meeting terminated.

A Correction, cros security for the notes is in no way to any amount we may think fit.

trade there is an improvement of of the world.

Every description of Banking and diminished and the liability of the I think for the pin poses of these "Sunday Herald" yesterday that the transit dues give a very much The statement published in the just under 20,000 taels, while Exchange business transacted Loans proprietors remains the same new Regulations we might leave Bank had power to increase the higher figure for January, being The period of Issue of noted by it as it stands, for $100,000,000 is capital," as the above report of the roughly 60,000 thels compared

granted on approved · securities..

SAFE DEPOSIT BOXES to let

the Bank is limited to July, 1980,

KAN TONG PO

(Chief Maraga

as the result of instructions from

the Becretary of State. The

Hong Kong 19th February 19 Hong Kong, 21st Mareir), 1927%

(Continued at

Chairman's remarks alioms, is Incor with 24.000 tasis, in January last

year-Router