1929-03-30 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorised Capital $50,000,000 Jerowd sad Fully Paid-up $20,000,000 Becerra Panda ––

Btarling Balver

,000,000 $14,000,000

Reserva Linbility of Proprietor $20,000,000

HEAD OFFICE: HONGKONG,

COUNT OF DIRECTORS -

N. B. Brown, Esq.

Chairman. 4

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, Paria.

Capital fally paid up. Frs.50,000,000 W. L. Pattenden, Eng Special working capital,Frs.50,000,000

Reserves

W. I. Bel, Ru, Deputy Chalczamiz,

3. D. P. Belit, Faq. A., Compton, Bug.

B. Landy Lewis, "Fay,

0. 4. 8. Mackis, Eng.

AMOY

BANGKOK

BATAVIA

BOMBAY

T. K. Pearce, kq.

2. A. Plummer, B.

J. P. Warren, H. Chist Manager, Hon. Mr. A. D, Hyns.

CALOUTTA

CANTON CHEFOO

COLOMBO

-DAIREN

.

FOOCHOW

HAIPHONG

HAMBURG

BANKOW

HARDIN

BONGREW

ILANG

ПРОД

JOHORE

KOBE

KOWLOON

DEANCHES:-

KUALA LUMPUR

LONDON

LYONS

MALACCA

MANILA MOULDEN NAGASARI

NEW YORK

⚫. TEXING

PENANG

➜RARGOON

• SALGON **

SAN FRANCISCO

SHANGHAL

SINGAPORE

SOURABAYA

SUNOEL PATANI FLENTSIN

TOKYO

TSINGTAO YOLUBANA

Current Accounts pound in Excel Curranoy and Fixed Depoalla Teoaived for one your er aborter periods in Local Currency and Berling on term which will be quoted on appostion. Hong Kong, 18 March, 1920.

Kong.

BRANCHES:

Frs.22,119.000

THE CHINA MAIL,

COMMERCE

GENERAL ELECTRIC.

FRESH SCHEME FOR NEW SHARE

ISSUE

BRITISH CONTROL ESSENTIAL

London, Thursday.

Paris, Lyons, Marseilles, Saigon,

In consequence of the American Haiphong, Hanol, Tourane, Quinhon,

protests Sir Hugo Hirst has formulat Huê, Thanh hoa, Vinh, Prom Penh.

Peking, Shanghai, Tientsin, Honged a fresh scheme for the issue of new shares, which was unfolded to the shareholders at to-day's meeting

The main feature was the offer of British shares to shareholders irres- pective of nationality or residence, the issue to be accompanied by renuncia tion letters and marketable the

BANKERS: FRANCE-Societe Generale, Banque Nationale de Credit, Banque de Paris et des Paya Baa. LONDON: Midland Bank, Ltd. NEW YORK:--Amoricar

Exchange

SAN FRANCISCO:-Bank of Italy..

Од

AND

FINANCE.

SHARE MARKET

"MORE CHEERFULNESS” DURING

THE WEEK

AN ELECTRIC COMBINE

Messrs. Benjamin and Potts' week- ly share report states:

2

There has been more cheerfulness períod in the local market during the under review, following an improved demand for several counters and this has resulted in the transaction of a fair

Prices, on volume of business: the whole, have not been affected to any extent and with the exception of Hong Kong Electrics and China Lights, Irving Trust Co., Barca Commer-Stock Exchange if shareholders desir which mark

rise, there is little ciale Italiana.

ed or, for nationality reasons, requir-change on the week. ed to dispose of their rights. The Banks: Hong Kong and Shanghai issuing house will also offer to re- Banks werg again negotiated at purchase shares from unqualified share- $1,245/1,250. The latest cabled quota-

The scheme was cabled on Cor- holders.

Tuesday to the members of the Com- mittee of American shareholders who are on the voyage to Britain but a reply has not been received.

Sir H. Hirst warmly defended the Board's policy.

He would not yield an iota of his belief that Brition con- trol was essential. He had been call- led a super-patriot (Sir H. Hirst was born in Germany), but the Board's action was dictated by sound business principles.-Reuter.

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

L. BERNIS,

Manager, Hong Kong, 3rd August, 1928.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1853 HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund

HONG KONG SAVINGS BANK, Reserve Liability of Proprie

Busimets of the above Bautis conduct.

d by the HONGKONG AND SHANGHAL

BANKING CORPORATION. Juist may be

bimined on application.

FOR THE HONGKONG dat BANKING CORPORATION.

BHANGHAI

A. C. HINES,

Chief Manager.

Hong Kong, 1815 Beslembe. 1027,

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(NETHERLANDS TRADING BOCIETY)

BANKERS.

.£2,000,000 .£4,000,000

.$3,000,000

KUALA LUMPUR

KUDING

Agencies and Branches:

ALOR STAR

Ciplay States)

AMBITJAN

BASUKOH BATAVIA

CAMION CAWNPOBE CEBU

COLUMBO

DAREN (Dalby.

Sau Mataharia) DELU!

KALFHONG

(N. Mancheria)

HAMBURG

ΠΑΝΙΟΥ

HARBIE

LONG KONG

110110

IPOR

KARACHI

KLANG

ren's Brod Central.

KODE

KUALA KANGSAR

(3.6)

rablebed 1824.

Unba Kong Doe-

Guildare 180,000,000-

MADRAS

MANILA

MEDAN NEW YORK

PEKING

PENANG PERHAWAR KANGDON BAIGON

SEMARANG SEREMBAN BHANGHAI

SINDAPURE

BOURADATA TAIPING

TAVOY

MENTBIN

TOKYO

TONGKAI (Bkoksi) ΕΞΙΝΟΓΛΟ YOKOHAMA

ZAMBOANGA

(Philippine Islands)

History of the Dispute The following earlier cables explain the position:

London March 13,

tion from London is £181 sellers.

Marine, & Fire Insurances:-Unions were dealt in at $884 and $385, and close with buyers at $383. There are enquiries for Cantons at $695, China Fires at $290 and Hong Kong Fires at $762 ex the dividend of $43 just paid, but по shares are available.

Shipping: Hong Kong, Canton and Macao Steamboats have fallen away to $26. Douglas Steamships stand at a nominal-quotation of $36. Togs and Lighters have remained steady at $2.40.

Docks, Wharves had Godowns:- China Providents have buyers at $4.56 after transactions at this rate. Kow- toon Wharves are on offer at $120, and, Whampoa Docks at $37, Shang-

PIECE GOODS

ANOTHER BIG CO-OPERATIVE SCHEME

A LANCASHIRE MOVE

London, Yesterday. Encouraged by the success of the Eastern Textile Association, which has already sold half a million pieces of cloth in China agalist strong Japan- ete competition, another big co-opera- tive coheme among chippers for mar- keting Lancashire cotton goods abroad is on foot. It is proposed to specialise on lines of cloth hot competing with the existing Lancashire styles. Reu-

ter.

REPARATIONS.

CONFERENCE DRAGGING ON IN PARIS

PRESS IMPATIENT

Paris, Yesterday. The conference of Reparation ex- ports is dragging on and is no near- er agreeing to the amount which Cer many should pay.

It is understood. that the gap bet tween the German offer and the credi- tor Powers' demands is as wide as

ever,

The conference held a plenary ses- sion to-day but, in view of the holi days and the unsatisfactory position it adjourned for a week.

The Press is displaying impatience at the delay in the acttlement Res ter,

TRADE DELEGATION

HEARTILY WELCOMED BY MOSCOW MERCHANTS

Moscow, Thursday.

The British Commercial Delegation,

A meeting of the General Electric Company was held in London to con- sider special resolution for increasing hai Docks at Tls.117 and New En-whe are studying conditions in Rus the capital by the creation of 1,600,-gineerings at Tia.4.85 were placed at, sis, have arrived. They were met at 1000 new pound "British Ordinary" quotations. shares, not transferable to foreign- Landa, Hotels and Buildings:-Hong

Kong and Shanghai Hotels were realis Sir Hugo Hirst, presiding, regretted tates were taken off the market at

ed

at $9.10. Humphreys Es again that the resolution barring foreigners

ers.

had given umbrage in some quarters. $144. Hong Kong Lands are a shade. Shang- He said that, without the knowledge easier and were sold at $64. or assent of the directors, dealings inhai Lands are unchanged with buyers

shares the company's had suddenly at Tls.169. started in New

last year York

The

Public Utilities:-A strong and

sus. directors immediately took steps to tained demand for Hong Kong Elec prevent foreign control; nevertheless, trics has agath lifted the

price the purchases continued in the United materially, and after a fair businese States, raising the price of the shares dono at $54% up to $60 ax the divi- abnormally, and

more considerably

dend of $2.50 just paid the market than half the ordinary share capital closes with buyers at $58.

China wandered across the Atlantic. It was Lights have also been considerably Foreign Exchange and General

absolutely vital, apart altogether from dealt in at gradually improving prices Gistildeem 80,000,000-

Banking business transacted.. (,,b70.)

Current Accounts apened and Fixed the question of control, that the Eri- up to $14.10. It is rumoured that ar Fund

Guilder 40,000,000-

Electric (28,888,088,)

Deposits received for 1 year or short-tish character of the General Electric amalgamation of the two

is under preserved and its share Companies Company

negotiation. er periods at rates which will be quot holders be predominantly —Etomi Chison~~[AUGTERIAM') port. ———.

British.

remained Hong Kong Trams have Easter Head Off-BATAVIA

ed on application.

The resolution authorising the in- steady and deals were made in them BRANOKES:-Bajernania Bandoeng) Belar Calcutta, Cheeibon, Jeddah, Djumbot,

Star Ferries changed crease of capital was carried, with at $18/184. -Dick sharla) The Hagu Boba,

three dissentients.

hands at $384. Peak Trams havo. Kota Badia, Makassar, Medan, Pidg

Prono Palembang, Pekalongast

buyers at $124% and probably a little Pontian, Rangoon, Rotterdam

more would be paid. China Buses Bibale Shanghai, Singapore, Boarabala

closed appreciably higher at Tls.18.

Authorized Capital ...

Paid-up Capital

Bacaring

8

£19,000,000)

A.-H. FERGUSON,

Manager.

Hong Kong, 8th January, 1929.

Borkari (3010) THE BANK OF TAIWAN, LTD.

and Wellawradan.”) 'The clices have saiu dopćati Sozes so iss. London_Dealers-National Provinolal Bank Ltd.

Derrespondents all grat, the world Banking business of every description tabaced.

O. STEENSTRA

Hung Kang, With August, 1928.

BANQUE DE L'H

HEAD OFFICE:

Manage

CHINE,

96, Boulevard Hasman, Paris.

Subscribed Capital Fra. 72,000,000,00 Paid-Up Capit.... Fra. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00

BRANCHES:

(TAIWAN GINKO)

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

Central Bank in. Formosa.. Bank Notes inued

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

KRANCHES AND AGENCIES: JAPAN: Tokyo, Yokohama,

Обака,

Kobe,

ita

be

The resolution confining the shares Britons was carried by a larga majority, after a stateraent on behalf of a Committee of American share- holders had been read declaring that the proposal to bar foreigners was a violation of the rights of all the stock- holders.

Washington, Mar. 18.

ined

Industrials: Green Island Cements (Combined) are enquired for at $8.55. Malabons are uncharged with buyers at $30.

Oils and Mining:-Benguets can be placed at $2 Kailans have reced. The State Department has declineded to .63/9. directly move in the General Elec- Cotton

were Mills:-Ewos

pus tric Company controversy, but has in-through at the outset at Tle.12.85 bar | structed the Embassy in London to have since eased off to Tis.12. watch developments and take any help- Shanghai Cottons are unchanged. ful action possible, informally,

Miscellaneous:-Watson's continue in It is learned that officials are of request at $14. opinion that American shareholders to appeal to the courts before

ing

Exchange: The TT rate on Lon. don to-day is 1/11% and on Shanghai 78%.

Forward Settlement Days:-April 29, May 28, and June 25.

RUBBER & TIN

SERIES OF FINAL AND INTERIM DIVIDENDS

FORMOSA: Giran, Kagi, Karenko, seeking Government intervention.

Keelung, Makong, Nanto, Shin- chiku, Taicha, Tainan, Takao,

The protest is against a new issuc Tamui, Toen, Heito, Taito.

of shares to be confined to British CHINA: Shanghai, Hankow, Amcy, shareholders. Sir Hugo Hirst, the

of the British chairman of Foochow Swatow, Canton.

General Elec tric Company, states that the protest Bangkok Hanoi

OTHERS: Hong Kong. Singapore, ri Quinhon Battambang Hong Kong Saigon

Soerabaya, Semarang, Batavia, of the American shareholders is being Mengtze Shanghai

Bombay Calcutta, London, New made under a complete misunderstand- York, Dairen.

The new issue is to Nam Dinh Singapore

is to the British blic

and Noumea

LONDON BANKERS:

not as apparently suppos- The London County Westminster and ed, exclusively to the British share-

Messrs. Carroll Bros. have been ad- holders of the G.B.C. No discrimina-vised of the following dividends on Parr's Bank.

tion is being practised and no pre- ference is being given to any class of rabber and mining shares:

Radolla. Sepang Valley Teluk Anson Kampong Kamunting

on Mines

Cantho

Canton

Dijboati

. Haiphong Hankow

Tientsin

Fart-Bayard Papeete Tourane

Paking Vinh Prom-Penh Yunnanfu Pondicherry

BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnals; Banque de Paris et des Fuys-Bas Credit Industriel et Commercial; Societe Generale.

The Bank has Correspondents in the Commercial Centres in the European Continens. Basa. Marsbareholders. shuris, Taloglan, Japan, Indo-China Baix, India, Philippine bands, Java, Africa, T... Ausini

Tarot allowed at Churras Accounts, and Fixed polis pirates which he goted on apples

K. NAGURA,

ماه

tion. Dapcall 12 Tên den be accepted

Maneger,

IN LONDON: The National Frovin- HONG KONG BRANCH: cial & Union Bank of England, Ltd.; 3. Des Voeux Road Central Comptoir National d'Escompte do Paris; Credit Lyonnals.

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

York.

Interest allowed on Current - counts and Fixed Deposits according to arrangements,

Every description of Banking and Exchange Business transected.

Safe Deposit Boxes -to-let..

• A. LECOT,

Manager.

Hong Kong, 28th Nov, 1928.

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 Paid-up Capital Reserve Fund

The recent announcement of the is- stated which has not yet been made) stated that the new shares would be styled “British Ordinary Shares" and would not be held by any foreigner or any Corporation controlled by for- eigners.]

LUMBER TARIFF

JAPAN INSISTS ON INCREASED TAX

Tokyo, Thursday, In spite of all attempts that the lumber imparters have made to date, the Government has decided to on- $60.000,000.00 force the increased lumber tariff on 18,278,600.00 April 1 simultaneously enforcing the

9,629,426.24 revised luxury tax-Reuter.

HEAD OFFICE: PEKING.

HONG KONG BRANCH:

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

THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe,

LIMITED.

¿

Established 1880.

Capital (fully paid-up) Yes 100,000,000 Yen 105,600,000 Reserve food

Head Ofice:-YOKOHAMA

Brancher and Agencies att Alexandlela

Newchwang New York

Batavia

Bombay

Buenas. Agrea

Calcutta

Canton

Changchun

'Dairen (Dalny)

Osaka

Peking Rangoon

Rio de Janeiro Saigon

San Francisco

Fengtiert (Mulden) Seattle

Hamburg

Hankow

Harbin

Hong Kong

Houo Mala

•Eg! Yuen

Karachi

Kobe

London

Los Angeles

Semarang Shanghal

Shinonoaeldi Singapore Soerabaya Sydney Tientsin Tokyo

Tsinanfu Tsingtan Vladivostok

Nagmaal lệ

(Temporarily Nagoya,

closed). Interest: wlawed on Current As-

Deposits received for fized perioda

at rains to he obtained on application.

H MORL wManager Hong Kong, 11th March, 1929,

THE MERCANTILE BANK OF

⠀⠀ INDIÀ, LTD.

HEAD OFFICE:

15, Grasschurch Street, London, B. C.,

Authorised Capital

Subscribed Capital

Paid-up Capital

.£3,000,000

1,800,000

1,000,000

Reserve Fund and rest. 1,584,846

BANKERS

The Bank of England & Midland Bank, Ltd.

BRANCHES

Amerien, and other parts of the world. London Bankers: The National Provincial and Union Bank of England, Ltd.

_The_Guaranty Trust Company of New York:

New York Bankers: The Irving Bangkek Bongtong Juske Lamper National Bank,

Kussian (Falang) The Equitable Trust Company of Bombay poh New York.

Galanta Kandy Calombo. Karanti Penang Interest allowed on Current Ac-Delhi counts and Fixed Deposits. Terms on Gal application.

Batavia Howla

Banguon Shangbai

Blugupore Spurabay

Bota Dháre Port Limiala (Manzitija)

KONGKONG BRANCH.

Every description of Kanking Busi-Every description of Banking and Bxchange bayi- ness transacted,

eziona Granato

INTEREST, allowed Churrent Account zanj. Loans granted on approved secur- Pized Deposits at Rates that, say be ascertained itles.

be application. -", Special facilities or Home E

0. L. O. SANDES, change,

7. "Queen's "Road Central,

Hong Kong, lat. September, 199

SHOU J. CHEN,

Manager,

THE BANK OF CANTON, LTD.

Established 1912,

منصة.

Head OfceHong Kong.

Authored Capital (HID) $11,000,00 Paló Up Oupišaltam Bars Fund

BRANORER

Zutton, Bhanghul, Hanków. Bangkok, New, Tork and - Ban LONDON BANKEES 1— + The Lloyd's Bank Lézolaad, COBKESPONDENTS

Is all principal elties of the World, who R

Deport Bow (acious fume) 1 1 2015

LOK PUONG THAN

Chief Manager

Hong Kong, 19th February

M Manager,

You have more, assurance by taking OUR GENUINE CHINESE MEDICINE & PILLS.

on Safe at:

SHING CHAF TONG DRUG STORE"

Established 189222 180, Queen's Road C. Tel. C. 1858.

ERAPION NO. 1 HERAPION NĚ.2 HERAPION No03

76% 7%%

10% Final 1/- 736%

6%

1/-

Idris Hydraulic Kuala Lumpur Tin Malayan Collieries... 17% Final & (5% bonus Bukit Kepong Rubber Eetates

the frontier by the Chairman of the Reception Committee, and welcomed here by the leading commercial body, and the Society for the promotion of entral relations with foreign coun- trics.

The delegation were housed in the three best hotels, and attended an evening reception in their honour.- Retter.

WE CLEAN

PARTY FROCKS

and all other Items of the dainty feminine ward- robe, with the same pains- taking care you'd quae yourself. Our charges are so reasonable it's really a great economy. Call on us.

THE STEAM LAUNDRY CO.

HEAD OFFICE & WORKS: Mongkok, Tel. K. 32. HONG KONG DEPOT:

16, Stanley St., TeL C. 1279. KOWLOON HOTEL DEPOT. PEAK HOTEL DEPOT.

HONG KONG HOTEL (Visitors

De only).

PENINSULA HOTEL (Visitors

only).

10%

Jelapang Tin Dredg., Ltd. Kandang Tin Dredg, Ltd. Larut Tin Fields Sunnyside Rubber Co., Ltd.

6d:

6d.

od.

Write or Phone for complete. Price List.

5%

Drink more good milk

"BEAR BRAND"

healthful because it's pure. It's pure because It is

unadulterated milk from the best cows. Made free from germs by Sterilization.

IDEAL FOR INFANTS AND INVALIDS!

Sole Agents for Hong Kong and South China: A. B. MOULDER & CO., LTD.

China Building, Hong Kong.

SATURDAY, MARCH 30, 1929.

FOOTEASE

PH.HOSIERY

FOOT EASE HOSIERY MILL.

HONG KONG OFFICE:

1st Floor, Bank of Canton Building,

Tel. C. 6450....

Hong Kong.

THE WHOLE FAMILY WILL ENJOY THE

MEATS.

SAUSAGES.

CAPONS.

PHEASANT.

SNIPE.

PIGEON.

TEAL DUCK & WILD DUCK.

from

THE DAIRY FARM

Always the same High Quality.

SKILLED WORK

DRY-CLEANING AND DYEING.

INTRODUCTORY OPENING RATES,

GREAT REDUCTIONS

A1 FINISH

PROMPT SERVIC

NEW DEPOT

32, Wyndham Street, (Glenealy Building).

SUN HOW WAH CO.

巧 新

'DRY-CLEANERS AND DYERS.

Established 1913.

495, Nathan Road (Yeumati). Tel. R. 621

232, Des Voeux Road C. Tel, C. 5 87 75, Queen's Road C. 32, Wyndham Street. Ho Tung Bldg., Queen's Road C.

Messrs. Komor & Komor's SPRING EXHIBITION

WATERCOLOURS

PASTELS

OILPAINTINGS

PICTURES

Commencing 2nd April

By foremost artists of Japan will be open from 9am to 5 pm.

for

10 DAYS ONLY

Prices ranging from two dollara upwards.

Come EARLY to have first choice.

KOMOR & KOMOR

Art and Curio Experts. St. George's. Building,