1929-02-07 — Page 2

HONG KONG AND SHANGHAI

BANKING CORPORATION. `

Chod Dapital

494,030,000

Issued and Fully Paid-op a $30,000,000 Barra Funde |—

Blasting 000,000 Allver

$14,000,000

Besare Liability of Proprietors (30,000,000

HEAD OPPIOR; HONGKONG.

COURT OF DIRECTORS —

A. EI. Compton, Brg, Chairman.

N. . Brown, Esq. Deputy Chairman.

B. D. V. Beith. Eng.

W. II. Bell, Esq.

fi. Lander Lewis, Baq.

O. G. B. Nockis, Esq.

AMOT

BANGKOK

RATAVIA

BOMBAT

CALCUTTA

CANTON CHEFOO

COLONHO

DAIRES

FEMMEOWE

HAIPHONO

STANDING HANKOW HARBIN HONGKEW

ILOILO

IPO

Joche

KORE

ROWLOON

W. L. Pellenden, Kaq.

1. A. Plummet, Bəşə

T. 0. Well, Eeg.

D. P. White, Bez,

Chief Marnest, Hon. Mr. A. C. Üyəm.

BRANCHES-

KUALA LUMPUR

LONDON

LYOXS

MALACOA

MANILA

HOURDEN RADARAXT NEW YORK

PERINO

PENANG RANODON

SALOON

KAS PRINCIBOS

KHANDBAL

KINGAPORE

NOURABAYA

BUNDER PATANI

TOKYO

- TIENTSIN

THENOTAO YOKOHAMA

Currunte opened in Local Durranty

eud Find "lepoise recited for the year of shotlar periode to Lucal Cizrosoy and Sterling on era which will be quoted on application. Flax ou, 7th January, t

HONG KONG SAVINGS BANK.

The Busines of the shore Bask in cordvor

and by the MUNG KONG AD BHANURAI. BANKING COUPUSATION.

abisined on application.

FOR THE HONGKONO BANKING CORPORATION.

Cuz wejest

M

may BILANGHAI

be

a. c. UYNES,

Chief Manager.

Moon Hour. Isih Beptember, 127,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(KETHERLANDS TRADING SOCIETY)

SANKERS.

Estabilaked 183.

Hong Kong (foot-11 Queen's red Central. Authorised Caplisi G 160,000,000-

g0.000.000 Pald-Up Capital Chatidan.

{26,405,070.] Devere Fundur 40,200,000

Head Olim 1-MSTERDAM'). Eastern Head Office-BATAVIA. BRANCHES —andjarmasin Bandoeng) Bomber,

Ceuta Charibos, Jeddah, Djember, Djajakaria) The Hara' b Zoca-Radia, Makmaar, Medan, Padang Palamba Pekalongan, Fallansk

F

行銀商工法啦

BANQUE FRANCO - CHINOISE pour le

Commerce et l'Industrie (Incorporated in France).

Prince's Building, Chater Road, Hong Hoai.

HEAD OFFICE:

78, Rue St. Lazaro, Paris. Capital fally paid up..Frs.50000,000 Special working caplial .Frs.50,000,000 Reserves

Frs.22,819.000

Kong.

...BRANCHES:

RANKERS:

B.B.C. TRADE

AN ALL-EMBRACING

CHARTER

THE CHINA MAIL.

COMMERCE

AND

FINANCE

THURSDAY, FEBRUARY 7, 1929,

BRITISH COAL

INCREASING DEMAND AND OUTPUT

HONG KONG TIDE.

The tile-table given below has been phtained by aid of the Tide-predicting, | Machine, which includes 40 componenti for the better prediction of tides, froma the result of the analysis of the tidal:

Kanlung observations, taken at the tidal observatory under the direction

markets of the world it is unlikely. that the export igures will show any notable rise in the near future. The result will be increased (un- smployment--a problem with which all industrialized countries find themselves confronted more or less permanently-but it would be rash to predict that the signs of dwind- It in a position of privilege,ling activity are the forerunners of the Secretary of the Mines Depart In Germany,ment that the weekly ouput of coal

The tires and heights are given for ty." The corporation's latest action 45 everywhere else, periods,of ex- [in Britain was 800,000 tons above. Kaulung; but they may be used for but to put it in a position of equal-economic crisis,

to the weekly output in October. the Victoria Naval Yard and Aber-

a new

NEW US. BANK

MORE PITS TO OPEN?

London, Yesterday. It was stated in Parliament by

would seem to give the word panding business are bound "equality"

definition alternate with others during which Owing to a considerable increase in "Equality is a condition in which the economic tide Bows in the demand however, there was a short- aga of coal for export, which was THINGS IT PERMITS

the B.B.O, with the back of the reverse direction.

causing some delays to ships mainly Paris, Lyons, Marseilles, Saigon,

on the North-East coast and in With its proposal to issue a week-State, exploits the copyright of its Haphong, Hanol Tourate, Quinhon

South Wales, Hue, Thanh-hos, Viah, Pnom Penh.

Poking, Shanghai, Tientsin, Hongly journal, the British Broadcast-programme against the private ing Corporation definitely enters trader, who must rely on his own the field of the publishing industry resources.” - FRANCE:-Societe Generale, Banque as a competing firm. That it will Nationale do Credit, Banque de not do so on "trade terms" in the Paris et des Paya Bay.

ordinary sense of the word is self- LONDON:-Midland Bank, Ltd NEW YORK:-American Exchangs evident, for with its cheques from Irving Trust Co., Banca Commar the Postmaster-General the B.B.0. clala ItallanE.

might well be Indifferent to the fin- ancial success or failure of its off- spring.

SAN FRANCISCO:-Bank of Italy.

Every description of Banking and Cor. Exchango Business Transacted. respondents throughout the world.

L BERNIS.

Manager. Hong Kong, 3rd August, 1928.

GERMANY'S. TRADE

RETROGRADE TENDENCY, EVIDENT LAST YEAR

[By Dr. Oscar Wingen].

STEWART, HOUSTON, AND. RASKOB DIRECTORS

RASKOB AS CHAIRMAN -

New York, Yesterday.

A new Wall Street bank known

The Secretary for Mines said that If this increased demand continued |he bad no doubt that by the open- ing up of pits now closed and ad- ditional districts in the colkeries already working, the demand would be met.-British Wireless Service.

TARIFF TREATY

of Dr. Doberck during the years 1887, 1888 and 1889.

dest, the differences being wary mail. The times of high and low-water must not be considered to coincide with the times of "Black-water - and change of current, the two phanomana being quite distinct,

February 1 to 7, 1929.

DATH HIGH WATER (Lower WATER.

Saandred Fib.

Standard Ht Timea

Timed 13 184.8

Fri

Shanghal, Yesterday. Dr. C. T. Wang (the Foreign Sab Minister) and Mr. W. M. Hewlett, gun

[C.M.G., British Consul-General, to-

m 8.3327 339661, 938 3.4

1m 3 +8;4.3m 8.14 | 3.1; 43 -5,4 (11.66 ■ | 9,0-

3 m 6 3.3.9 x 9'69 | 3.4

58% 5,7

The Charter, moreover, which is wide enough to allow the Cor poration to employ pubile, funds and all the privileges of monopoly in its entry into the publishing trade, is obviously elastic enough to permit INDIA, AUSTRALIA & CHINA.

in many other businesses. Incorporated by Royal Chater, 1853.

ars infinite. Already the trade Press has expressed its sense of of 1927, we arrive at the conclusion The last named will probably be be regarded as coming into force Thors 7 m 10 HEAD OFFICE: LONDON.

.£3,000,000 £4,000,000 grievance and has received the re- that we have to record a retrograde tendency. Imports, for instance, ply: "The Charter permits it; we Reserve Liability of Proprie £3,000,000 could publish a daily newspaper if

If we study the development of as the National Union Bank and certain important sections of Ger- Trust Company, with a capital of many's economic activities during $55,000,000, will be opened in the the first six months of last year, near future.

According to the "New York day on behalf of their respectiva Mon.4m 7 10 37 most 6 520m 10 45 such as the country's foreign trade,

6 Sza 6.4m 11 84 steel, etc., and if we compare the include Colonel Stewart, of Stan- declaring that the

THE CHARTERED BANK OF the B:B.C. to take a similor hand its production of coal, iron and Times" the Board of Directors will Governments signed the protocol Tasz. 8 660 3.7 m 1 43.

Paid-up Capital

Reserve Fund

Agencies and Branches:

ALUR STAR

{ainy Balak) AMRITBAR

BANGKOK

BATAVIA

BOMBAY CALCUTTA

CANTON CAWNPORN

CEBU

COLUMBO DAIRES Daley, South Manchur DELHI

ΠΑΙΡΕΩΝΟ

LAN BURA HANKOW HARDIK

[N,Manchiarta) HÙNG XONG

ILOILO

¿POμ

KARICHI KLANG

Fong

KUALA KANGSAR

KUALA LUMPUR

KUCHING

MADRAS ALANILA MEDAN NEW YOUR ΔΕΚΙΚΟ PENAXU PERILAWAR KANDDON BATUOR

BEMARANG

SERKMAN

BILANGHAI

BINGAPORE

..

SOUDADA YA TAIPING

(V.M B.; TAVOT

TIENTUIN TOKYO

TONGKAH (Bhuket)

TSINGTAL YOKOHAMA

ZAMBOANGA

(Philippa Inlandas

Fersk (P.M.B.) Foreign Banking business transacted.

Current Accounts opened and Fixed

Exchange and General

A. H. FERGUSON; Hong Kong, 8th January; 1929.

terms of the

The possibilities of the situation position with the corresponding dard Oil fame, David Houston and Chinese Tariff Treaty, which was Wed. 6 m 8 88 3.8 m 2 11

condition during the first six months Johu Raskob, the motor magnate. ratified by Britain on Feb. 1, shall

we liked."

Terms of The Charter

It is a fact that the terms of the British Broadcasting Corporation charter are so wide as to permit the Corporation's adoption of any or every commercial activity, short of buying land outalde the United Kingdom, or negotiating with a for- elga Government without the con- sent of the Postmaster-General. Thirteen paragraphs set out the Corporation's objects, and then in case anything should have been omitted there comes the fellows ing:

Manager. to rest.

To do all such other things as the Corporation may deem inciden tal or conducive to the attainment Deposite received for 1 year or short of any of the objects or the exer- er periods at rates which will be quotcise of any of the powers of the Cor-

poration." ed on application.

The matter is not to be allowed The Prime Minister has been asked to receive a deputation representing the entire Press, in- cluding book publishers and print- ers, who in their present action, may be fighting a battle for many other descriptions of private enter priae which the Corporation's char ter is "wide enough" to damage.

Baspoon Boteris THE BANK OF TAIWAN, LTD.

Bemerangi. Bangha

(BLACK),

Bibelga

Sagapons verba

Boara (Holo), Tegel, Tjilasjon

and Wallenden.

'These low karo sala depasti bazen to le Lendon Danka-National Provinsial Bank Ltd. |

Corpondents all over the world

Beaking bualism of syses description iransented.

Q. STEENETRA,

Hong Kong, 4 August, 1938.

LIMITED

Established 1880,

Reserve fund

(TAIWAN GINKO)

HEAD OFFICE: Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Some Possibilities

decreased from 1,370 million reich- smarks In January to 1,108,4 mil- llons In June. Export figures, on the other hand, have kept fairly steady, rising, as they did, from 862 millions in January to just over 1,000 millions in March, after which they dropped to 395 millions in May and remained at that level in June.

chairman.

from that date.-Reuter,

HONG KONG

MARKET PRODUCE.

APPROXIMATE

Butcher Meat.

Prime Cut

re

#

Corned

#

Roast

#

Breast

Soup

M

Steak

#2

Steak Sirion

44

→ Bausages Bullock's Brains

The reduction in imports is due to the diminishing 'buyancy of the home market, a factor which is now Beef Birloin also causing a decrease in home At first, Indeed, the production. Index figure of some of the leading Industries continued to reflect the ruling in favourable conditions 1927, the January dgure, for in- stance, being still as high as 128 (Le, 128 per cent. of the 1924/26 average). It even rose to 129 in February, but after that it com- menced to drop. The May figure was only 120, and the figure for June was lower still. The produc- tion of iron and steel went down from 1,200,000 tons (pig iron only)- in January to just over 1,000,000 toms in June and from 1,500,000 tons (steel only) to 1,900,000 tons. Similarly, the output of pit coal and brown coal dwindled from 28 mil- lon tons in January to 25 millions in June.

I

Rising Cost of Living

"Tongue, fresh

Tongue, corned Hend

戌燒牛吗

牛牛

44

Feb. 1, June, June,

per sot 15

RETAIL PRICES.

Fowls, Hainan

Pigeons, Canton

Turkeys, Han

per doz. 82 18

... 85. 25

pair 1.80

៩ ឆឌ ៥ ឌ នននន [ ]

51

Feb. 1, June, June,

1920. 1918. 1924.

Cta. Ctr. Cla

Poultry.

1929, 1918 191

Ct. Cts. Cla.

牛尾耙

25 24 12

Chicken

Ib.

56

BQ

81

28

28

11

Capons, Small

55

28 30

17

84

23. 12

Capons, Large

DE AR X

60

28. 20

28

24 22

Duck

45 22 21 33

M

20

20

18

Doves

Heach —

22 21

24

20 18

Eggs, Hen (cooking)..

28

24

22

Eggs, Hen (fresh)

·新鮮鵝蛋

20

-

40

80 86

Fowls, Canton

本地 Jh..

70

24

40 26. 20

海南鎖

45

24

10 -12-

Geesa

#

40

24

each 65

50 60

each 55

80

60

H

H

»

Holhow

海口的

85

#

$1,20

-$1.20

Turkeys, Cock

Jb.

"

Heart

1b. 24

18

火樹

H

Hump, Balt

84

20

To

Snipe

each

Feet

each 10

10

Pheasant

*

Kidneys

4

15

10

4 each 80

11

Tail

28 20

each

Liver

Ib

+24 18

Tripe

B

8 2

131 set $1.20 $1.00 $1.00

排骨

Ib.

46

24

46. 26

#

Shoulder Saddlo

44 24

"

#

46

"

#

80

Brains

*

Per set 5

n Feat

U

Fry

Fond.

#

#

Heart

#

"

Kidneys

Liver

*

猪排!

#

##

"

Calves' Head & Fest

Mutton Chop

Leg

קן

The price level is steadily, though Pig's Chitings only gradually, rising. Thus, for instance, the wholesale price Index went up from 139 In January to 142 at the end of June (monthly aver- ago figure for 1913: 100). The rise in the cost of Hving has been unimportant during the six months under review, although a sharp in crease is noticeable if we compare the present position with what it was twelve months ago.. The Index figure for June, 1928, was 151.4 as against 148.0 in June, 1927.

The powers conferred by the Central Bank in Formosa.

charter are so conprehensive, in- Bank-Notes issued

Average amount ... Yen. 45,000,000 dead, as to make not too fantastic a suggestion that the British Broad- BRANCHES AND AGENCIES:

casting Corporation proposed to eat Yokohama, Kobe, THE YOKOHAMA SPECIE BANK, JAPAN: Tokyo,

bark upon an expansive scheme for Oraka. FORMOSA-Glan, Kagi, Karenko, breading canarlea.

Keelung, Makong, Nanto, Shin- Past attempts to broadcast the chiku, Taichu, Tainan, Takao, song of the nightingale, it was said, Tamsul, Toen, Holto, Taito. Capital (fully paid-up) Yen 100,000,000 CHINA Shanghal, Hankow, Amoy, have fallen rather short of the per- fection anticipated; and a practic Yen 102,500,000 Foochow, Swatow, Canton.

OTHERS:-Hong Kong, Singapore, able plan of making the bird sing in Soorabaya, Semarang, Batavia, captivity has yet to be devised. Bombay Calcutta, London, New When the best is unattainable the York,. Dairen.

second best rust do Canaries do LONDON BANKERS: The London County Westminster and not posses the shy elusiveness of the nightingale. Moreover, the Parr'a Bank. The Bank has Correspondents in the Commercial B.B.C. can breed them. There is Centres in the European Costlar, Resa - nothing in the B.B.C. charter to churia, Taingia Japan Indo-Calms, Sam, Indis forbid it. Whether the Corpora- Philppine Manda, Java, Alrion, Thian Austalia,

Interets allowed on Currant Accounds, and Pixtion should undertake such an cn- the fact that the discount rate of Sucking Pigs, to order Deposite s raise which will be quoted on splinterprise, using the money of thethe Bank of Germany stands at

Head Ofcs: YOKOHAMA, Branches and Agencies at:

Alexandrin

Batavia

Bombay

Buenos Agrem

Calcutta

Canton

Changchun

Dairen (Dalny)

Newchwang

New York

Osaka

Peking

Rangoon

Rio de Janeiro Saigon

San Francisco

Fengelen (Mukdea) Seattle

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Kai Yuen Karachi Kobe

London

Los Angeles

Lyenn

Manila

Nagasaki

Nagoya

Somarang

Shanghai

Shimonoseki

Singapore Soerabaya

Sydney

Tientsin

Tokyo

Txinanfu

+

Tsingtau

loo. Deyouite in Tex cam ha accepând

The demand for money continues undiminished. This is evident from

public to the detriment of the pri- per cent. K. NAGURA,

Manager.vate trader, is another question.

HONG KONG BRANCH:

9, Dés Voeux Road Central,

Hong Kong, 10th January, 1829,

►

Vladivostok

(Temporarily

alozed) Interext allowed on Current Ac counts.

THE BANK OF CHINA.

行銀國中

(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917). Deposits received for fixed periods Authorised Capital

at rates to be obtained on application Paid-up Capital

H. MORI,

Manager. Hong Kong, 11th September, 1928,

BANQUE DE L'INDO - CHINE,

Reserve Fund

HEAD OFFICE: PEKING.

HONG KONG BRANCH:

Pork Chop

**

Leg

12

Loin

M

-Fat.or Lard.......... Sheep's Head & Feet

12

Heart .. Kidneys

W

Liver

11

and that money at Obviously, it is not merely a mat-monthly rates was offered and paid Veal

for daring the whole period at 8 per cent. Although the growth

ter of canaries.

What is there

Suet, Beef

Is

Mutton

Sausages

No.

Fish.

in the charter to prevent the of capital within the country con- Corporation from running mentinues, it is not even remotely suf ageries, kennels, or farms. One day ficient to satisfy the needs of the Barbel the B.B.C. will broadcast scenes as

well as sounds; it will enter into body economic, so that the latter is Bream

:;་་་

direct competition with the "talk as much dependent on foreign Canton Fresh ing picture." "Synchronised effects" credits now as it was before. This Water Fish. will then be essential; the listener means, of course, that the pace of Carp.. $60.000,000.00 will expect to see the lion as well as economic progress is still decisively. Caifish

18,278,400.00 to hear its roar.

Influenced by the conditions ruling Codfish. 9,029,425.24

But the powers of the Corpora- on the money markets of New York Crabs tion under its charter contain a and London, and, in recent months, Cuttle Fish great potential menace to the pri- on that of Paris also. Foreign loans Dab vate trader than anything suggest were absorbed to the extent of Dace 4, Queen's Road Central.

cd above athough the B.B.C. could about 1,000,000,000 reichsmarks, Ut Dog Fish Branches and Sub-branches all over certainly run its own transport to China and Correspondents in Europe, America, and other parts of the world, convey the menagerie to the studio, London Bankers:The National Television will bring with It the 96, Boulevard Haussman, Paris.

Provincial and Union Bank of England, broadcasting of theatrical scenes, Half the women who to-day go to Subscribed Capital..Fr. 72,000,000.00 Ltd. Paid-Up Capital Fr. 88,400,000.00 The Guaranty Trust Company of

the play take a keeper interest in Reserve Funds.Fra.102,000,000.00 New York.

New York Bankers-The Irving the dresses than in the acting National Bank

B.B.C. fashions" will assume, a The Equitable Trust Company of vast importance. Plainly the Cor Now York

Interest allowed on Current Ac-poration would have to set up a

costumier's establishment." counts and Fixed Deposits.

Terms on "application.

HEAD OFFICE:

BRANCHES:

Bangkok Hanol guinhon Battambang Hong Kong Balgon Canthe Mongtze Shanghai

Nam-Dini Singapore.. Canton Dibouti Noumes Mentaln Fort Bayard Pappete Tour

de Haiphong Poking Vinh

Hankow Pnom-Pent Yunnanfu

Pondicherry

BANKERS:

Every description of Banking [Tжzz tranzacted.

Privilege and Equality Busi And why should the development stop short at dresses Listeners in-

Herrings

is obvious from a figure such as Eels, Conger this that the economic independence Fresh Water predicted for Germany by the date Yellow when the first standard year under Froge the Dawes regime commenced---" | Garoupa September 1, 1928-le still a long Gudgeon way off."

The Stock Exchange, too, has felt Halibut the effects of the downward tend Labruz. ency. The average price of shares Loach quoted on the Bérlin Stock Ex-Lobsters change rose from 160.1 per cent. in Mackerel the middle of January to 172.4 Monk after which it went down to 167.0 per cent by the middle of July,

No Economic Crista

Loans granted on approved secure clude men as well as women per cent daring the middle ofe...ay, Mullet

ities,

IN FRANCE: Comptoir National change.

d'Escompte de Paris; Credit Lyonnais;

Credit Industrial at Commercial;

Banque de Paris, et des Pays-Bas;

Bocista Generals.

Special facilities for Home Ex-latest style in morning costs as worn by Boerboku Irying and turn ed out by the BBC's own cutter,” would grip the male interest da no broadcasting programme, can to

SHOU J. CHEN,

Nate Manager,

IN LONDON: The National Provin- THE BANK OF CANTON, LTD. day. Then, of course, the B.B.C.

cial & Union Bank of England, Ltd.

Comptoir National d'Eacompte de Paris Credit Lyonnais, ne

·IN: NEW-YORK: 1-P., Morgan & Cor French American, Banking | Cor- poration Guaranty Trust Co. of New York.::

·InterestTM allowed; Fones!

Established, 1912

Head „Ones"--fiong | Kang.

theatrical wardrobe would have to be kept fresh; That would, mean.

laundry.

prises may be, ther nothing in the

berally

ût is inherent in the very nature

Jactiviti

#

=脾手由殷腦脚什心腰骨鼻團脚心屡肝猪油油與警

ed, dde

牛羊仔仔

KE

SEEKERSKETI 尾肚水

6 HAMERSHEDERSYSSSJG_US

lb. 15 15

IT HENTAIA daleler#88811,

Almonds

Quail Partridges

Fruits.

Apples (California) .. 金山炸菜

Bananas (brida's)

Carambola

Cocoanuts Lemons, China

ES

00

४. ४.

「&!Bཋ}། །།

10. 10

25" 80

· ་ བྷ བྷ ཟླ བ བྷྲ |:||མ。སྐུ།

[:བྷཱུ

**** 稱

#

Fench 14

28 15

H

18 20

each 15 10 10

Lemons (America)

teach

15 10

Licheas, Dried .....

荔枝干正

lb.

48 80 24

24 25

#1

35

42

80

Oranges (Canton) Oranges Fears (Canton)

̇新會甜橙

#

.20

21

Peanuts

per set 90

非 生

60

each 19

#

15 12

Plantain

*

#

46 20. 25

Pamelo, Siam

25 25

esch 17 12 -Ib.

80 20

***

འབམ ཟལྟར་

46 28

30 20

82

28

88

18

24

20 10

82 18

16

22

12

86

23

Persimmons, Large

雅芝

竹类角斯瓜瓜瓜菜菜笋

88. 18 27

82 16 27

88 2326

16:27:

Walnyts

Grapes

Vegetables, &c.

Artichokes

Beaus, Sprout

Long

Beet Root

Bitter-Bquash Brinjals, Green

Fled Cabbage, Chinese

(Shanghai)

Cano Shoots, banch Cauliflower (Large)

(Medium)

(Small)

Celery, Chinese

Chillies, Dried

Red:

Green

Carry Stuff, Englis Cucumbers

Garlic

Ginger, Young

Horseradish, Indian Corn

Lettuce

Water Chel

Mushro

-82

22 20

10

8

Carrots

'88.16

24 1018

Shangha

each

24