1929-05-28 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Kubkorised. Capital among $50,000,000 lanced sad Felly Pand-up $20,000,000

Burling€ 6,000,000

Ndre

Reserve Lishílity of Proprietors 20,000,000

HEAD OFFICE, HONGKONG.

BOARD OF DIRECTORS:- N. . Brown, Kay. Chadema,

W. B. Batl · Beq. Depuis Chairman.

Hon. Mr. B. B. P. Neith. 1. Compton, Esa M.T. Jehnton, Be. A Leader Lewis. Eeg.

W. L. Patbanden. Ese. T. K. Pearce, Eny.

J. &., Plummer, Esq,

J. P. Warren, 14.

Chief Manager,

- Ent. Mr. Â. Q. Ha

AMOT

BANGKOK

BATAFIA

BOMBAY

CALCUTTA

CANTUN CHRFOO

COLUMBO

BANRO'

BRANOWES 1-

LONDON LIONS

MATACCA MANILA MOUKDEN NAGABAKI NEW JONK

POKING PENANG

SAIGUR

SHANGHAI

DAIDEN

YOOCHOW

BANGDON

HAIPHONG

SANSURO

SAN PRANOIRCY

GARBIN

INGAPORE

PONGGEW

ILLUIT,O

SUNGEI PATAKI

ΙΡΟ

JOHTORE

TOKYO

KOHE

kuwek

KUALA LUMPUR

SOURADAY

TIENTSIN

'TSINGTAO

YOKOHAMA

Durant Accounia opened in Local Currency Fixed Deposit received for une your de shurter periods it Loon Currency and tarling en larme which will be queier on spplication Tleng Kong, 24th May, 1923,

HONG KONG SAVINGS BANK.

The Bunicum of the above Bank is conduct- by the HONGKONG AND BEANGHAI

Hintas may

BANKING CORPORATION.

biained on suplication.

POR TUR HONOLONG BANKING CORPOBATION.

甜

SHAROFA

A. O. AYNES,

Chid Manger -

Hong Kong, 184 peber, 1927.

NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.,

NETHERLANDS TEADING SOCIETT)

ЗАНЕРНА

Established. 1824.

Hong Kong Offor:-11 Queen's Bond Central. Authorland Capital -------..... Guličan 150,500,000-

(213,800,000. Guliders 60.000.000. (10,7.667.) Quilder 40.000.000

(£3.490,338)

Pald-Up Capitał

Rect Fund

Baad Omer-{AMSTERDAM”). Eutera Hes BATAVIA.

BRANQUER

Randersin Bandong") Bouber, Calcutta, Chartbou. Djember, D Jakarta's The Hague'). Jiddah, Kon Beta-Radia. Makumar, himlen, Padang Palers bang. Pakalnoga Robardsmy

PRURIE Prolianak. Rangoon,

Sibel Soorabris,

Samarang"),

(c).

Shanghai, Singapore, Bourakarta (Pol), Tegal, Tila#wy

and Walseraden.")

13 These boss kara ante

Land Banker---National

bom i luk,

viacial Fank Lid.

Carterpondeate all over the warli

Banking busk of arsey daription benansted,

P. M. ELBERG,

Комит

Hong Kong, 27th May, 1939.

BANQUE DE L'INDO - CHINE.

行銀商工法中

HEAD OFFICE:

96, Boulevard Haussman, Paris, Subscribed Capital. Frs. 72,000,000.00 Paid-Up Capital...Frs. 68,400,000,00 Reserve Funda..... Frs.102,000,000.00 BRANCHES: Bangkok Hong Kong Quinhen

Saigon Battambang Hue Canthe

Shanghai Mangtze

Nam-Dinh - Singapore Neumoa Thanhos

Canton

Dijbouti

Fort-Bayard Fapeete

Haiphong

Peking

Hankow

Heroi

Tientsin

Tourane

Prom-Penh Vinh Pondicherry Yunnanfu BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So- ciete Generale.

The National Pran IN LONDON: vincial & Union Bank of England, Ltd. Comptair Nations! d'Escompte de Paris; Credit Lyonnais.

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

いっ

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

Every description of Banking and Exchange Business transacted. Safe Depot Boxes to let

A. LECOT,

Hong Kong, 1st May, 1929.

Manager.

THE YOKOHAMA SPECIE BANK, LIMITED,

Established 1880. Capital (fully paid-up) Yen 100,000,000 ....Yen 105,500,000 Reserve fund

Head Office:-YOKOHAMA.

Branches and Agencies at: Alexandria

Batavia

Bombay

Buenos Ayres

Calcutta

Canton

Changchun

Dairen (Dalny)

Fengtied (Mukden)

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Kai Yuen

Newchwang

New York

Oanks

Peking

Rangoon

Rio de Janeiro

Saigon

San Francisco

Scuttle

Semarang Shanghai Shimonoseki

Singapore Soerabaya Sydney Tientsin

Tokyo

Tsinanfa

Karachi

Kobe.

London

Los Angeles

Lyone

Tsingtan Vladivostok

Kamilė

agasaki

(Temporarily

Nagoya

closed)

Interest £llowed on

Current Ac-

Jonots.

|

THE CHINA MAIL,

BANQUE FRANCO. CHINOISE pour le

Commerce et l'Industrio (Incorporated in France).

Prince's Building, Chater Road, Hong Kong.

བྷ་

HEAD OFFICE: 74, Rue St. Lazare, Paris.

Capital fully paid up..Fra.50,000,000 Special working capital .Fra.60,000,000 FTB 22,819.000 Reserves

BRANCHES:

Parle, Lyons, Marseilles, Saigon, Haiphong, Hanoi, Tourane, Quinhon. Huê, Thành hoa. Vinh, Pnom Penh.

Peking. Shanghai, Tientsin, Hong Kong. BANKERS:

FRANCE:-Societe Generale, Banque

Nationale de Credit, Ranque de Paris et des Pays Bas LONDON:-Midland Bank, Ltd. NEW YORK:-American Exchange Irving Trust Co., Banca Commer- ciale Italiana.

SAN FRANCISCO: Bank of Italy.

Every description of Banking and Cor- 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 Reserve Liability of Proprie

tors

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE-Taipeh, Formosa, Incorporated by Special Imperial ..

Charter, 1899.

Central Bank in Formosa. Bank Notes issued

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

BRANCHES AND AGENCIES: JAPAN: Tokyo, Yokohams, Kobe,

Osaka. FORMOSA:-Giran, Kagi, Karenko, Keelang, Nakong, Nanto, Shin- chiku, Taichu, Tainan, Takas, Tamsui, Toen, Heito, Talto. CHINA-Shanghai, Hankow,, Amoy,

Foochow, Swstow, Canton. OTHERS-Hong Kong, Singapore, Scerabaya, Semarang, Batavia, Bombay, Calcutta, London, New York, Dairen.

LONDON BANKERS: The London County Westminster and

Parr's Bank.

The Best in Corpondents in the Onemerotal este in the Eucepoin Continent, Runds, a churia Teigta, Japan. Indo-Chine Bar, India, Philippine Telande, Java, Alios, U.S.A., Australia,

Internet allowed on Currant Accounts, and fixed Deponitrates which will be quoted on sopiica-

be accolad tion. Depe Yun

K. NAGURA,

Manager

HONG Des Voeux Road Central

Hong Kong. 19th January, 1029.

KONG BRANCH:

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential kiandate of the Republic of China On the 22nd of November, 1917). Authorised Capital $10.000,000.00 Paid-up Capital Reserve Fund

18,278,600.00 9,629,125.24

HEAD OFFICE; PEKING.

HONG KONG BRANCH: 4, Queen's Road Central Branches and Sub-branches all over £3,000,000 £4,000,000 China and Correspondents in Europe America, and other parts of the world.

London £3,000,000

Bankers:-The National Provincial and Union Bank of England, Ltd.

Agencies and Branches: ALOR STAN

(Malay Slater)

AKBITSAX

BANGKOK

HATAVIA

ВОМНАТ

CALCUTTA

CANTOK CAWNPOBR

CRBU

COLOMBO

BAKKR (Palu),

South Manchuris)

DELLI

HAIPHONG

HAMBURO

HANKOW

HARBIN

(N. Haburim)

HONG KONG

ILOILO

IPOH

KARACHI

KLANG

ZOB2

KUALA KANGSAR

Par F.M.8.1

KUALA LUMPUR

KUCKING

MADRAS

MANILA

MEDAN

NEW YORK

PEKING

PENANG

PESHAWAR BANGOON

SAIGON

BEM DANG

ЭІКОЛРОВЕ

(P. R.)

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 Devosits. Terms on application.

Every description of Banking Busi ness transacted

Loans granted an approved semi- itles.

SEREMBAN

BHANGHAI

SOURABAYA

TAIPINO

TAVOT

TIENTALN

TONGKAS (Bakus)

Special facilities for Home change.

Ex.

TSINGTAO

TOKOHAMA

SHOU J, CHEN,

Manager

ZAMBOANGA

TOBIO

(Philippine Islands)

Foreign Exchange and

Banking business transacted.

Gêneral

Current Accounts opened and Fixed! Deposits received for 1 year or short-

Deposits received for fixed periods er perioda at rates which will be quot at rates to be obtained on applicationed on application.

H. MORI,

Manager

Hong Kong, 11th March, 1929.

A. H. FERGUSON,

Manager. Hong Kong, 3th January, 1929.

You have more assurance by taking

OUR GENUINE CHINESE MEDICINE & PILLS.

oa Sale at:

SHING CHAI TONG DRUG STORE.

Established 1892. 180, Queen's Road C. Tel. C. 1853.

INDIAN TRADE

CHAMBER OF COMMERCE CRITICISM

RICE TRADE DEPRESSION

TUESDAY, MAY 28, 1929,

COMMERCE

Rangoon, May 8. Burma is well equipped with com- mercial organisations. On the whole- ale side alone there are several. The Burma Chamber of Commerce repre- sents the European houses, Indian business interests are catered for by the Burma Indian Chamber of Com- there is F Вигля Chamber

Commerce for the purely indigenous trade and other mere

trade leas ог

communal organisations. It rarely happens that the interests of all are identical and of these therefore the proceedings bodies are apt to be more trenchant than is usually the case with business

writes the organisations,

merce

while

of

"Straits

Times correspondent.

There was, or instance, no lack of vigour in the speech of Mr Adamjee Hajee Dawood at the annual meeting of the Burma Indian Chamber the other day. Mr. Dawood, who is the retiring president of this body while expressing gratification at the repre- sentation of the Chamber on the Burma Legislative Council, said that he could only deprecate the reduction of the Chamber's representation

the Rangoon Port Commissions. He criti- eised the Government and alleged that they were careless of Indian interests but solicitous on behalf of European business prosperity. He said that op. position to the Indian Coastal Shipping Bill, reserving shipping for local com- Panies, had been met and that the mea sure would benefit Indian trade in the right direction.

on

THE BANK OF CANTON, LTD.

Established 1912. Head Office: Hong Kong.

Authorised Capital (.E. Currency) $31,000,000 8,664,200 Paid Up Caplial Baserre Fund

DEANCHES-

Satow Canton Bhaaghal, Hankow, Bangkek, Now Tork and San Francisc

LONDON BANKERS :--

The Lloyd's Bank Limited. CORRESPONDENTS

In a pricipal cities of the World.

Famiga rohange and banking

SVET deseription rate.

is of

Jale Deposit Boxen various sizes) nå a yamely rental of tren $5 bo $10.

LOOK POONG SHAN,

Chief Manager. Hong Kong, 19th February, 1927.

W

AND

FINANCE.

Dealing with the depression in the rice trade in 1928, Mr. Dawood said that for the first time Saigon and Siam entered the Indiaa market, sending Indian fairly large quantities, and at He claimed that Burma's low prices. inability to compete was on account The cause of the of high freights. competition from Saigon and Siam, he said, was the trouble in Chins, which fell from being the principal sustomer of these countries. In the present months of 1929 the competition of these" countries had abated, but for other

had remained comparatively low. reasons, the speaker said, paddy prices

Mr. Blawood then returned to the question of general prosperity, or lack of it, and held that it was useless to held out any hopes of improvement until the Government of India became convinced of their mistaken policy in stabilising the rapee and eighteen pence.

The only entirely political reference of the address was on the subject of the increasing friction in Burma be- tween Indians and Burmans. He said this was due to the agitation for the separation of Burma from India. As far as the Chamber were concerned, they were honestly convinced that it would be to the better interests of Burma nct to be separated.

Explosions at Syriam The recent fatal explosion at the Burma Oil Co. plant at Syriam, in which seven Indians were killed, was followed, this week by another in which one Indian life was lost. This time a 100,000 gallon oil tank exploded and The $3,000 gallons of caught on fire. pil it contained were destroyed.

which

was un- The cause of the explosion was known and the fire was prevented

from spreading to the rest of the installa tion by the work of the company's ser- The cause of the first disaster kas no yet been determined by the- committee of inquiry. The inquiry into the second explosion will begin shortly.

Tants.

Health Matters

TIN INDUSTRY

VIEWS OF A WELL-KNOWN EXPERT

CHINA'S PRIMITIVE METHODS

London, Yesterday. Mr. Frank Lochner, one of the leaders of the tin industry, has re- turned with Sir Cyril Butler from an extensive tour of the thi producing areas in the Far East.

Interviewed by Reuter, he declared that the industry was heading for a severe crisis, from which British in- terests had a wonderful opportunity to save it, chiefly using up-to-

by date methods and persuading Euro-

companies all pean-owned tin the world

to agree to

over

a common

policy of production and marketing.

Mr. Lochner Inspected fifty pro- Ferties, and not one of them owned

machinery. They were still in the or worked by Chinese had any modern pick and shovel stage. As production

therefore, be forced down, he added. exceeded consumption prices must, Output must be rationed and a cen- trai selling organisation. Reuter.

formed.

LAND SALES

GOOD BIDDING FOR SITES ·

IN KOWLOON

Keen and brisk bidding featured the sale by public auction yesterday of lot of Crown land at Mong Kok Tsui, at the junction of Boundary, Tai Nan and Maple-streets covering about 3,596 square feet. The upset price was $5,394.

The bids ran up in hundreds of dollars until the site was finally dis- posed of for $7,300, having been bought by Mr. Yeung Wai-than, 99, Wing Lok-street. $22,300, a syndicate of four Chinesa buying 11.050 square feet of ground The upset on Prince Edward-road. price was $22,100 and the four Chin-

Mesars. ese purchasers were

Chiu Teung-fook, Ho Wai, Chu Man-shut, and Hong Lok-tin of 15, Sal Kung. road, Kowloon.

Another lot of Crown land went at

shares recorded during the rubber week was in Burma Rubber Estates. These $1 shares were done at sixteen shillings.

More than one movement is on foot to meet the public demand for greater attention to health matters in his coun- try. For one thing, the Local Govern- ment has appointed a small official com-

In metals, Burma Corporations were mittee to inquire into the existing or ganisation of the Public Health Depart- at Rs. 12, with few sellers, however.

There ment. It is expected that the came

is nothing at all doing in other It is noteworthy that mittee will draw up a definite health mining shares.

the for

Text five Lin

in his last mail letter the London Cor- programme

The Rangoon Corpora- respondent of a Rangoon daily, refer- year. tion

the advis- considering

ring to the copper slump which was ability of undertaking a malaria followed by a fall in other metals, re- marks that "tin producers in Burma The Rangoon mosquitoes are

have never been adequately rewarded not great malaria carriers, and in fact there is little malaria in Rangoon, but for putting their money into this In- dustry. It (Burma) has always been dengue is bad at times and the m05- quitoes a great curse generally. It is

the handmaiden of the Straits dealers pointed out that the Rangoon-genus in metals and has had to fall in with He adds that the pre- is the type that conveys yellow fever. their desires."

sent fall is particularly difficult to be The local Prees is in favour of the

patient about. survey.

survey.

ig

Share Market

The rubber share market continues to be weak, although the firmer ton- dency of the commodity is regarded favourably here. The only business in

$66656

WHITEAWAYS

In the oil section of the local share market Barma Oils are steady at Rs. 69 and Moola Oils As. 184, with Indo-Burmas at 124, with further buyers.

DOLLAR VALUE SALE

COMMENCING TO-MORROW

UNTIL

WEDNESDAY, JUNE 5th

WATCH OUR WINDOWS FOR BARGAINS.

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