1929-05-21 — Page 2

تسرا

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

Jesued and Fully Tald-up

Xtra Fundame

Stella000,000

---------1-4,000,000

$50,000, DON $23,000,000

Herr Liability of Proprietors 22,000,000

HEAD OFFICE: HONGKONG.

COURT OF DIRECTORS:--

N. 8 Iowa, Zaq.

Chairman

W. H. Bell, Eng. Deputy Chairman,

Tion. Mr. B. D. F. Beith.

4. H. Compson, Rey, M. T. Jelinsan, Esq.

B. Lander Tawit. Eng.

AMOT

BANGKOK

BATAVIA #MBAY

SALCUTTA

JAYTON

CUCKOO

COLUMBU DAIREN

YU CHOW

W. J. Pattenden,

T. Paaren, Esq.

1. A. Plammət, Esq. J. P. Warren, 5.

Chief Maung,

B. Mr. A. . .

RALPHONG HAMBURG HANKOW

HARK

HCNDREW

ILILO

IPON

JOHORE

ΚΟΕΣ

KOWLOON

BRANCHES-

·KGALA LUNAY®RAJA

LONDON LYONS

MALACCA

MANILA

MOUKDEN

NAGASAKI

NEW YORK

KING PENANO

RANGOON

BATUO

SAN FRANCISCO

MILANGUA

SINGAPORE

SOCHABAYA SUNURI PATANI TIESTAIN

TOKYO TSING FAO YOBUIANA

Current Ante opened la Local Durray nod Fixed Depoles esived for neue 2032 or wharter periods in bo Currepay and Harding cataro which will be qualed on application Hong Kong,th April, joke.

HONG KONG SAVINGS BANK.

The Busines of the above Bank is conducte af by the LONUKONG AND SHANGHAI IDA? be

SANKING CORPORATION. Kelas

obtained on application.

FOR THE HONGKONG

BANKING CORPORATION.

巋 SHANGMAI

Chief Monger.

A. 0. DYNES,

Hong Kong, 18th September, 3927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

[NETHERLANDD TRADING SOCIETY)

BANKERS

-Established 134.

Hong Kong Giờu :—1! Queen's Bood Central Authorised Capital

Paid-up Capital

Bore Foad

Quilar 150,000,000-

(12,600,000.)

Guilds 80,008,000-

(£0,008,067) Guilders 40,000,000- (48,628.227.)

·行銀商工班中

BANQUE FRANCO - CHINOISE pour le

Commerce et l'Industrie (Incorporated in France).

Prince's Bailding, Chater Road, Hong Kong.

HEAD-OFFICE:

..

74, Rue St. Lazare, Paris.

Capital fully paid up..Fre.50,000,000 Special working capital Frs.50,000,000

.Fr8.22,819,000) Reserves

BRANCHES:

Paria, Lyons, Marseillea, Saigon, Haiphong, Hanoi, Tourane Quinhon Hue, Thanh hoa, Vinh, Phom Penh.

Poking, Shanghai, Tientsin, Hong Kong.

BANKERS:

FRANCE:Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays. Bag, LONDON: Midland Bank, Ltd. NEW YORK:-American

Irving Trust Co., Banen Commer- ciale Italiana.

SAN FRANCISCO:--Bank of Italy.

Cor-

Every description of Banking and Excharge 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, 1858. HEAD OFFICE: LONDON.

£3,000,000 Paid-up Capital Reserve Fund Reserve Liability of Proprie.

tors

£4,000,000

.....£,000,000

THE "SUN LIFE"

ASSURANCES IN FORCE NEARING £400,000,000

LARGE EXPANSION

THE CHINA MAIL,

COMMERCE

the Sun The annual meeting of Life Assurance Co. of Canada was held recently in Montreal.

AND

FINANCE.

too conservative; if so, that is a criticism

Our We

endure. must

un- safety margins may perhaps be necessarily large, but safety must be our paramount consideration; and if, as we confidently anticipate, the mar gina prove not to be required, they will in time be available for distribu- Από tion among our policyholders. what possibilities for our policyhold- ers do those margins represent!\ Policyholders' Profits Again Increased

There is no department of a com- er study and investigation than the Pany's business which deserves clos investments of its funds. No other department will give such a generous. return or the attent a devoted to it. its investments that our It is to company owes its impregnable posi- tion, and the magnitude of the profits in which

rejoice. our policyholders Many years ago I expressed the hope that I would be able to announce an increased scale of profits every year for at least 10 years. We new make that an..cement for the ninth auc- cessive year, and I certainly cannot say that I expect the increases to stop with even the tenth announce- mont. And, in addition to these pro- fita, we now have as a permanent Feature the system of maturity bonuses described in the report.

Service to Beneficiaries

Mr. T. D. Macaulay (the president), in the course of the address, said: It is a gerat pleasure to move the adoption of this report. for the re- is a remarkable it seta forth Exchange one.

A mere statement of the increases over the figures of the previous year In revenue the in- is impressive.

in crease is $9,336,757:

ass. £18,010,854; in surplus, £1,881,774; in new assurances, £23,195,552; and in A Com- total in force, $84,925,737.

with total business equal to Dany

& large these increases would be

It is but and powerful institution.

we rejoiced at three years since passing the milestone of £200,000,000 of assurance in force, and yet already we are nearing 4430,000,000 while at nur.

exceed assets moment this £100,000,000. But there

is another feature even Ad- more striking and important.

This maturity bonus has an import- Vance figures indicata that the in-

ant bearing m another direction. It crease over the previous year in the new business written by the combin. Is a sad fact that too often the fore- rica sight of a husband or father is nea of North America ed life companies of

tralised by the loss of the assurance 8 per cent, and was approximately

funds through bad investments. The the increase in tac combined total in

problem of how to invest sach sums eont. per force approximately 9

must often be perplexing, and the in- let me Against these percentages

experience of many widows and exe- place the figures of the Sun Life, of

cutors accentuates the hazard of loss. Canada: Our new assurance increas

It is clear that the life assurance service of ed 34 per cent. while our total in

render a companies can force increased 27 per cent.

irestimate value by providing a further emphasise the I need not rapid expansion

of our business. It safe, convenient and profitable means of investing the funds which may be- continuation though in but

coms payable either by death or by normal accelerating degree, of our

the maturity of endowment policies. condition

That the company is ex- traordinarily popular with the inaur. It is equally clear that our company is in an unusually favourable position ing public

But people to render that sorries. is evident

We therefore will hardly show so pronounced a pre-

to leave ali That reason

encourage beneficiaries ference without reason.

On such unquestionably is the great strength or part of the sums assured on more

or less permanent deposit. of the company, and its unusual pro-

amounts we pay a guaranteed rate of The earnings an- fit-earning. power.

interest of 32 per cent, and in ad- nounced in the report are slightly in

dition grant participation in the in- excess of £8,200,000; but it is clear-

vestment profits at the same rate as we allow on our

our policy reserves when

од the profits intimated that had we desired to do so we could have taken eredit for

According to our present policy. policies. inuch larger amount. We, however, calculating the follow our igual conservative

our minds seale, these profits raise the We always have before our

return to 5 per cent. for the first A. H. FERGUSON, possibility of a business deprese years, and by gradual increases

Agencies and Branches:

EUALA LUMPUR KUCHING MADHAN

ALÁR STAX

(Malay States!

ABHITSAR

BANGKOR BATAVIA JOSIPAY

CALDUTTA

GANTON

CAWN POLK GEDU

COLOMBO DAIREN (Daley,"

South Havehuria) DELEL

HAIPHONG

HAMBURG

HANKOW

11ARBIN

18. suckurin

HỒNG KONG

1EXH10

JPOW

KABACILL

KANG

ΚΟΒΣ

KUALA KANGSAR

Perak M.8.

MANILA

NEDAN

NEW YORK

PEKING

PENANG PESHAWAR RANGOON SAIGON

SEMARANG

SEREMBAN SHANGHAI BINGAPORE SOURABAYA TAIPING

(F.MS.

TAVOX

TIENTSIN TOKYO

TOKORAN (Balak)

THIMOTAO

YOKOHAMA

ZAMBOANGA

(Philippine Islands)

General xx Foreign Exchange Banking, business transacted.

Current Accounts opened and Fixed Deposits received for 1 year or short ex periods at rates which will be quota Bandoang) Bombed on application Calcutta, Cheribon, Djumber, Diok jakarta) The Lingue'). Jidda, Kabu, Kota-Radja, Makar, Medan, Padang Palembang,

Iaid Office:-(AMSTERDAM"), Esalar Head Of:-BATAVIA. BRANCUES:-Buljarasan

Pekalongardam

Pontianak, Bangon

Kamarang, Baughed,

Penang,

Bfbopm

(Burnet) bingupora, Booralala,

Manager. Hong Kong, 8th January, 1929.

Borsaris (Solo) Taga, TN THE BANK OF TAIWAN,

and Weltevreden.

Ime of kura naša deponit borne te los. Latex Brokers-National Provincial Bank LM.

Correspondence all over the world

Banking basiness of recy description transected.

P. M. ELUERO

Bong Kong, 6th May. 1929.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

8, Boulevard Haussman, Paris.

Subscribed Capital ..Fre. 72,000,000.00 Paid-Up Capital....Frs. 68,400,000.00 Reserve Funds ....Frs. 102,000,000,00 BRANCHES: Bangkok Hong Kong Quinhen

Saigon Battambang Hue

Mengtze Shanghai Nam-Dinh Singapore

Thanhoa

Caathe

Canton

Dijbouti

Noumea

Fort-Bayard Papeete

Peking

Hankow

Tientsin Tourans Pnama-Penh Vinh

Dianol

(TAIWAN GINKO)

the

which might occasion heavy sion, Wh

of all market values shrinkage in

Mortgage secur- classes of securities.

time become that fact is LTD.ities may at such s totally unsaleable, but not patent; while every fluctuation in the prices at which stocks and bonds can be turned into immediate cash is quoted on the Stock Exchange.

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

LONDON BANKERS:

current

to per cent. after the twentieth year. Of course, we cannot promise that these rates will continue inde- finitely but our large present carn- ings, and our great undivided surplus and protective margins, are, shail I say, at least encouraging.

new

Pray

There is much in those passed, but substantially increased;

that the mean

report are ap-

-ue

And now we introduce the maturity bonas, which after operating to in- "crease the amount payable to the beneficiary at the death of the assur- ed, immediately begins to operate policy, in con- again, as with a nection

money left on de- with the money nocic In

this

the beneficiary posit. can obtain a very satisfactory rate of interest during life, with the know- capital sam will be on to his or her heirs, not un- subject only to the condition of aur- viving ten years. This certainly makes a very attractive investment; and we earnestly hope that this "ex- tension of our service will relieve many widows and orphans of worry, and protect them from the danger of loss.

A Company With a Soul But there are other features to which my mind reverts with pleasure. One of the most delightful comph- ments I eve received was once in- troduced to an audience as the pre- sident of a corporation that had a

Securities Heavily Undervalued I have decided to take our policy in the Central Bank in Formosa.

holders into our confidence Bank-Notes issued

most complete way, so that they may ....Yen. 45,000,000 realise how fully our directors have Average amount ...

provided against any contingency of BRANCHES AND AGENCIES:

this kind. You will notice that we JAPAN:-Tokyo, Yokchama, Kobe,

say that the values quoted are these Osaka.

For lower." FORMOSA:-Giran, Kagi, Karenko, given by the Government Department ledge that the

Keelung, Nakeng, Nanta, Shin-

They two words. chiku. Taichu, Tainan, Takad values given in the Tamaui, Toen, Heito, Taito. CHINA: Shanghai, Hankow, Amoy, proximately £13,000,000 less than the

actual current values of those secur Foochow, Swatow, Canton,

ities on the exchange. Then we have OTHERS: Hong Kong, Singapore,

Semarang,. Batavia, the additional deduction from market Scerabaya. Bombay, Calcutta, London, New values of over £4,000,000 referred to in the report, and also the special 100 900, York, Dairen

contingency reserve of £2,500,000. The London County Westminster and These items total $19,500,000 and our

Parr's Bank.

unlisted assets and other margins This means that the market values The Bank line Correspondents in the Commercialise the amount to over £20,000,000. Centres in the European Coutinent, Essin, Ma bur Teirgtas, Jepat, Indo-Chins, Shm, India of our securities could shrink by over IN FRANCE: Comptoir National Philippins Islande, Java, Airia, 3.8.A., Australia, £20,000,000 without reducing our sur- Such a shrink- d'Escompte de Paris; Credit Lyonnais; ate.

if much Banque de Faris et des Pays-Bas Interes allowed to Current Acomate, and Bized plus by one pound.

Commercial: Deposits at ratas #list will be quoted on applies age is, of course, almost inconceiv-

able. I indeed doubt very mue Credit Industriel

K. NAGURA, even the catastrophs of another world Societe Generale.

drastic a de- Manager. war conid produce 90

pression. Supposing it did, we would

intact still have

our undivided sur- We are plus of over £11,000,000. hardly likely, I think, to be criticls- ed for lack of conservatism. I do not know any other financial corpora- tion which has its assets so effective ly protected. I imagine we are more likely to be told that we have been

Haiphong

Pondicherry Yunnanfu

BANKERS:

et

IN LONDON: The National Provin-

lien. Deppelts in Yea can be socepted

cial & Union Bank of England, Ltd.; HONG KONG BRANCH: Comptoir National d'Escompte Paria; Credit Lyonnals.

de

IN NEW YORK: 7. P. Morgan & Co.: French American Banking Gor- poration; Guaranty Trust Co. of New York.

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

THE BANK OF CHINA. 行銀國中

Interest allowed on Current Ac-(Specially Authorised by Presidential

counts and Fixed Deposits according

to arrangements.

Every description of Banking and Exchange Business transacted,

Safe Deposit Boxes to let

A. LECOT,

Mandate of the Republic of China

on the 22nd of November, 1917).

Authorised Capital

Paid-up Capital

Reserve Fund

Manager.

Hong Kong, 1st May, 1929.

$00,000,000.00

18,278,600.00 9,892 425.24

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) Yen 100,000,000 Reserve fund

........Yes 105,500,000

Head Office:-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Fombay

Newchwang

Caloutta

Canton

Changchun

New. York Osaka Peking Rangoon Rio de Janeiro Saigon

Buenos Ayres

Dziren (Dalny) San Francisco

Fengtien (Mukden) Seattle

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Kai Fuen

Karachi

Kobe

London

Los Angeles Lyons Manila

Semarang

Shanghai

Shimonoseki

Singapore Soerabaya

Sydney Tientsin

Tokyo

Tsinantu

Tsingtau Vladivostok

(Temporarily

closed)

Nagasaki Nagoya

Interest allowed on Current. Ac- Deposits received for fred period

at rates to be obtained on application.

H. MORI,

Manager.

Hong Kong, 11th March, 1929.

America, 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 National Bank

The Equitable Trust Company of New York.

Interest allowed on Current Ac counts and Fixed Deposits. Terms on application

Every description of Banking Busά ness transacted.

Loans granted on approved sectar ities.

Spécial facilities for Home Ex chauke

SHOU J. UKEN,

Manager

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Hong Kong.

Authorised Capital (HK. Currency) ...$11,000,800 Paid Up Capital 8,054,00

BRANURES ad

850,000

Kankor,._Sestow,

CARKE Bork and San Franci

Bangtok,

LONDON BANKERS :--

The Lord's Bank Limited. CORRESPONDENTS

In all principal cities of the World... *** Forsigachanga and banking business of avary duedigklam tamessted.

Sala Depois Borm. (various elme)`at a yearly rental of From 85 10. $40,

LOOK POONG SHAN,

Chief Manager, Hong Kong, 10th February, 1927.

is shown by the sympathetic com- Soul. That this was no mere phrase radeship that exists between all ranks of the

bath at company's service,

It is head office and in the field. seen also in the enthusiastic support accorded us by our legions of policy- holders. Our relationship with them is something more than that of mere business co-operation. The BAUSE OF mutual confidence and mutual appre ciation is a strong as to be akin to friendship, and it is as our friends I

TUESDAY, MAY 21, 1929.

Check this list of

May VICTOR Records

for the music you would like to hear

Half a dozen new Red Seal releases of classical and semi-classical selections, Nine vocal records of the big headliners of today. Check those you like, and visit us. We will be glad to play them for you on the Orthophonie Victrola.

RED SEAL RECORDS

One Alone (from The Desert Song) (Oscar Hammerstein, 2nd-Sigmund Romberg) When You're Away (from The Only Girl) -

(Henry Blossom-Victor Harbert)

RICHARD CROOKS No. 1370, 10-inch Lo! Here the Gentle Lark (Words from

Shakespeare-Sir Henry R. Bishop). Solveig's Song (Chanson Solvejg)

(from Peer Gynt) (Grieg)

AMELITA GALLI-CURCI No. 6924, 12-lach Chorale (Bach) Piano Impromptu in A Flat (Chepin Op. 29)

P. 1373, 10-inch

The Road to Vicksburg The King of Borneo

HAROLD BAUER

Santa Lucia Lantana (Santa Lucia,

I Long for You) (E. A. Mario) Voce 'E Nottel (Votee of the Night) (C. O. Lardini-Ernesto de Curtis)

BENIAMINO Grazi No. 6925, 12-inch

Scotch Pastorale (Gustav Sconger,

Op. 130, No. 2) Violin with Piana Prayer (from To Deum) (Handel Flesch)

YEHUDI MENUHIN No. 6951, 12-inch

Aida Temple Scene (Act 1).

Part 1 (Verdi)

E210 PINZA AND METROPOLITAN OPERA CHORUS Ala-Temple Scene (Act 1) -Part 2

GIOVANNI MARTINELLI-E210 PINZA

No. 8111, 12-inch

POPULAR VOCAL RECORDS

FRANK CRUMIE

No. 21899, 10-inch Bye and Bye, Sweetheart Male Trio

THE MELODY THREE Raquel (from Earl Carroll's Vanities)

THE LEVELERS Biale Quartet

No. 21911, 10-inch

Wedding Bells

(Are Breaking Up That Old Garg of Mine) That's What I Call Heaven GENE AUSTIN No. 21893, 10-inch

My Troubles Are Over Happy Humaning Bird

JIM MALE-CHARLIE FAHHELL No. 21887, 10-inch

Blue Yodel No. 4 Waiting for a Train

JIMMIE RODGERS No. V-40014, 10-inch

Lady Divine (from First National picture,

The Divine Lady) Coquette (from United Artists picture,

PAUL OLIVER Coquette)

No. 21898, 19-ivch Where is the Song of Songs for Me?

(from D. W. Griffith's picture, Lady of the Pavements

When Sammer is Gone FRANKLYN BAUR No. 21904, 10inch

Glad Rag Doll

Sweet Forget-Me-Not

(The Whispering Baritone) JACK SMITH

No. 21882, 10-inch

A Precious Little Thing Called Love

(from the Paramount picture, The Shopworn Angel)

Caressing You

S. MOUTRIE

like to think of them. This delight- ful relationship is the reward of un- wearied and successful service on their behalf, and it is reward which is greatly prized.

factory

ever

an

I now move the adoption of the re- to think, Fort.

is. I venture one of the most eminently satis- and noteworthy

reports presented at

..annua! meeting. It records the transaction of one of the greatest, strongest, and most beneficent corporations in the world, and it is worthy of the com-

The report was adopted.

pany.

"BULL'S" TRIUMPH

RAPID RISE OF STOCKS IN WALL STREET

New York, Yesterday. A decision, which is hailed in Wall- street as the most "bullish" develop. ment of profound importance in the given by the Supreme Court rejecting, history of American railroads, has been the Inter State Commerce Commission's valuation of railroad property for the fixing passenger and purposes of freight rates.

The Commission's valuation were ap- proximate) eleven billion dollary less than those claimed.

Railroad stocks of dozens of roads were quickly bid up $1 to $15 in the share market. Reuter's American Ser- vice.

Oil Magnate Must Serve Sentence

Harry F. Sinclair, right, millionaire oil man, will start a three-month "vacation" at the expense of Uncle Sam in the nice quiet jail of the District of Columbia, shown above. Major Peake, left, will play the role of host

whether the guest likes it or no, since the Supreme Court upheld the ninety-day sen- tence for contempt imposed on the magnate for refusing to answer the Senate's Teapot Dome Committee's questions.

JOHNNY MAKIN-ED. SMALLE No. 21892, 10-inch

& CO., LTD.

(Victor Distributors)

Chater Road,

AT PRESENT, OUTDOOR WORK ONLY

K. FUJIYAMA

PHOTOGRAPHER.

NIGHT PHOTOGRAPHY AND EN. LARGEMENTS A SPECIALITY. ENLARGEMENTS CAN BE MADE FROM ANY PHOTOGRAPH. NEW, OLD OR FADED.

WEDDINGS AND GROUPS A FEATURE.

SPECIAL ATTENTION GIVEN TO DEVELOPING, PRINTING AND ENLARGING AMATEURS PHOTOGRAPHS AT A VERY MODERATE CHARGE.

PROMPT DELIVERY GUARANTEED.

I can give you as good results as any Photographer in the City and better than 95% of them.

TEMPORARY OFFICE:

3rd FLOOR, 117. PRAYA EAST, HONG KONG.

It's not Bear Brand

STANDARD TIME.

SUNRISE AND SUNSET IN COLONY

Sunrise and Sunset in. Hang Kong for May (Standard time of the 120th Meridian, East of Green- wich), are as follow:--

May

CHILDREN'S APPETITES

are satisfied by Nature's most perfect food:,———

"BEAR BRAND"

MILK

Sole Agents for HK. & 86 China A. B. MOULDER & CO., LTD. China Hillding,

Hong Loa

ទី៧៖ឌនននននន

a.m

Sunrise Sunset.

p.m. 5.41 6.69 6.41

6.59

5.40..

7.00

·5:40

7.00

5.40

7.01

5.40 7.01

6.40 7.02

5.39 7.02

6.39

7.02

5.89

7.08

“OAKLAND”

"THE

SMARTEST CAR

ON THE ROAD.

L. C. LTD.