HONG KONG AND SHANGHAI BANKING CORPORATION.
4,000,000
Authorised Copljaj Invedad Fully Fall-op cunamo 1,000,000 Best Fundez-
- 1,800,000 ....................$10,000,000
Silver
Reserve lablity of Proprietor 306000,000*
HEAD OFFIOR, HONG KONG.
BOARD OF DIRECTONG :—
N. B. Brown, Esa. Chairman.
W. H. Bal. Endo's Deputy ChairmAS.
tion. Mr. B. D. P. Bail.
A. t. Compton, Esq.
M. T. Jahnson, Bag.
D. "Lander Lowla, Bag,
ANOT
BANGKOK BATAVIA
DOMDAY
-CALCUTTA
W: L. Pellanden, Esq. T. 3. Pros, Esq. '-
J. A. Plummer, Reg.
J. P. Warren, Yag.
Chief Measur
Hon. Mr. O. 13ṛnes.
www.amcomm
“DDINOVES ——
-LONDON
LYONA
MALACCA
MANILA
MOURDEN
•CANTON
NADASAKI
CHEFOO
NEW YORK
COLOMBO
PELINO
DAIREN
PESANO
POOCHOW
HAIPHONG
(TAMBORU,
HANKOW
HARMIN
LOROBEW
ILDILU
IDH
JOHORE
KUBE
KOWLOON
KUALA LUMPUR
--
LANGDON
SAIGON
SAN FRANCISCO
JAKOILA!
SINGAPORE
HOURABAYA
SUNDEI PATANI TIENTSIN
ΤΟ ΕΤΟ
TSINGTAO YOKUTLAMA
Curreal Accounts opened in Local Curracay and Find Deposits received for une year or shorter period a Local Cuervacy and Sterling outerte which will be quoted on application. Hong Kong, H45D May, 1929.
HONG KONG SAVINGS BANK,
=
The Businose of the above Bank is condutt-
ad by the HONG KONG AND SHANOUAL "BANKING CORPORATION, Mule may be
obied application
FOR THE BONG KONG BANKING CORPORATION.
BHANGHAI
A. NES,
Chief Manager.
Hong Kong, 28 September, 1927.
NEDERLANDSCHE. HANDEL-- MAATSCHAPPIJ, N.V. (NETHERLANDS TRADING BOCIETY)
DANKERS.
Established 1938.
Hong Kong 9-12 Queera's Road Canina). Authorised Capital
Guidere 160,000,000- (€12,000,000.) Outilɔm 80,000,000- (£5,000,001.) Quilder 40,3000,000
(25,605,0.3.)
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1859. HEAD OFFICE: LONDON. Paid-up Capital
Reserve Fund ..
Reserve Liability of Proprie-
tora
.23,000,000
$4,000,000
£3,000,000
7
Agencies and Branches:
ALOR STAR
KUALA LUMPUR
Malay Bales)
KUCING
AMBITUAR
HADKAB
MARILA
MEDAN
NEW YOUR
PEKING
BANGKOK BATAVIA BOMBAY DALCUTTA CANTUM
..GAWNPONE
ORBU
COLOMBO DAIREN (Dalay
Bouth Alanchuria) DELHI
HAIFUNG
HAUHUBG
BANKOW
HARDIN
*(8. "Mancharla)
HỒNG HÙNG P
ILOILO
TPOR
KABAOTI
BLANG
KOM
KUALA KANGSAR
Perak (PAL.M.)
PENANO PESHAWAH HAMOCKIN SAJOON BEMARANG MEREMBAN SHANURAL SINGAPORE KOUHAWAYA TAIPING.
(P.M.B.)
TAVOY
TIENTSIN TOKYO
TONOXAN (Bh
THINGTAD
YOKOHAMA ZAHDUANOA
(Philippine Islanda)
Foreign Exchange God General Banking business transacted.
Current Accounts opened and Fix ed Deposits received for 1 year or shorter periods rates which will be quoted on application.
"A. H FERGUSON,
Manager. Hong Kong, 8th January, 1999,"
'THE HQ HONG BANK, LTD. (Established 1917.)
Authorised Issued
Paid-up
CAPITAL.
Reserve Liabilities
Shareholders
Surplus.....
4,000,000 2,219,000
HEAD OFFICES:-SINGAPUKE.
HEAD OFFICE-Talpeh, Formosa Incorporated by special Imperial
Charter, 1899.
•
----
Cestini Bak in Formosa.
Bank-Sator Isaund Average amount 000
THE CHINA MAIL,
COMMERCE
THE MONEY MARKET
THE UNITED STATES' BALANCE OF PAYMENTS
AND
FINANCE..
of the Central Institution were redde ed during the month by approximately £14 millions.“
WEDNESDAY, OCTOBER 2, 1929.
PLEAS FOR HELP
REQUESTS TO CHINESE CHAMBER
COOLIES AND HAWKERS
TO-DAY'S RADIO
BROADCAST · BY ·
ZEW.
ON 850 METRES
At the beginning of July, the Lon- dan-New York exchange was weak at around 4.84.31/32 and, following 4 sharp fall to 4.84%%, gold to the value of approximately £1,000,000' was with drawn from the Bank of England for despatch to the United States. The As is usually the case, the proceed. The following programme will shipment had the effect of zaising the ings yesterday at the monthly meet-be broadcast to-day from the Goy- rate to 4.84, or slightly over the ing of the Hong Kong Chinese Gen arnmont. Broadcasting Station a,good response and the average rate gold export point and the quotation re era! Chamber of Commerce largely Z.B.W. on 350 metres: of discount at which the bills were al- mained around that Agure until July 8, lotted dealined, but in the latter half when a sharp demand for sterling from concerned pleas for a variety of organ-
5,30-6.30 p.m. - Programme of of the month applications showed a American sources resulted in a rapidsations in Hong Kong, and elsewhere,
Chinese Music. marked falling off and the average rate | depreciation of the dollar to 4.85.for the Chamber's help. of discount in the final week was only Subsequently, however, sterling dove- Among these who sought the Cham-
7.48 p.m.-Evening weather re slightly below Bank Rate.
loped renewed weakness and, with lack ber's intervention wore. the Cargo port. (Continued from Yesterday.)
Treasury Hils outstanding on July of support from New York, the rate Coollas' Guild, the head of a coolic 9m. Evening Programme. The predominant feature in the 27 at £758,265,000 wore £750,000 less gradually ensed to 4.84.15/16.
At gang and two tallymen who respect (Columbia Money Market, throughout July, has than on June 30, by Ways and Means that period, the market was very sena fully asked (In effect) if a firm, whose through the courtesy of Messrs...
Records supplied been the persistent and heavy outflow Advances at £57,110,000 were higher tive and there was a general reluctance affairs are now of gold from the Bank of England for by ' £260,000.
in the Bankruptcy Anderson Music Co., Ltd.). The Floating Debt, to operate on an extensive scale, but, shipident, abroad, particularly in the therefore, at $819,366,000 showed her, or improvement occurred and al Court, can be induced to pay their recipe Waltz" (Brooks), second half of the month, and the un- not decrease of £100,000. On July 28, though considerable fluctuations were spective claims forthwith!
"Rippling Streans", certainty created by the continuity and 1928, the Floating Debt stood at recorded, the rate eventually closed at
Tobacco Reform dimensions of the movement has exert- | £757,096,000.
4.85.5/16. Monetary conditions in Hawkers of various localities in New York have not changed apprc Yaumati also petitioned the Chamber "Sonata" (Porpora), 'Cello Selo, ed a powerful influence over general
The Stock Exchange market conditions A consignment of During July, business on the Stock cably during the past month and rates to inquire into official directions to approximately £1 million to the United Exchange has been very quiet, owing variations, ranging between 0 and 15 them to remove their stalls.
for call money-have again shown wide States, on Jul 1, proved to be the only
The "Ah! Fairest Sun" (Gounod), shipment to that country during the principally to the continued heavy per cent. At the end of June, total not Chamber will approach the Secretary Tis There All Hall : 05 Tomb",
eflux of gold and to the consequent un- borrowings by members of the Newer month, as the New York
Chinese afterwards moved and remained above
Affairs in connection exchange certain monetary position, while the York Stock Exchange reached the re- therawith.
Tenor...Willam Heseltine. the gold point but exports to Germany influence
holiday son has also exerted a minor cord total of over $7,071 millions and
"Brahms Waltz, Op. 39, Nos,-1, 2, 3,- On the other hand, a Chinese cigar- continued on a fairly substantial scale.
throughout July, active conditions have ette manufacturing company asked the Thelit-edged/ markat has By far the most important shipments, mainly affected the heavy gold with continued to prevall in the security Chamber to use its influence towards however, have been on French account. drawals and although a slightly hard.markets there. Large gold imports securing reform in tobacco taxes be-Lady Mary", Vocal Gam Towards the middle of July, the ap
iuto the United States. have again preciation of the frant in terms of sterling resulted in the commence. ment of a drein of gold from London to Paris. which, rapidly assumed very large proportions and continued al- most daily during the remainder of the month. According to the publish edrally statements, the Bank of Eng-
been
Qctober 10..
Si Dan Godfrey & the Bournemouth Municipal Orchestra.
Antoni Sala.
4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 & Finale", Pianoforte,
Duet by Edith Barnett and Vladimir Cernikoff. ning tendency was noticeable in the been reported and in spite of the im cause conditions, at present, are un- middle of the month, prices reacted provement of sterling in terms of the favourable to the company.
Columbia Light Opera. ** later.
Company. dollar towards the close of the month, These and other kindred topics were "Thousand and One Nights, Walts", New capital issues have not been it is difficult to discern signs of a per- discussed at the meeting, during which "Freuet Euch Des Lebens, Waltz", numerous, but underwriters were call-manent improvement in the situation. reference was also"made to Bank holi-- ed upon, in a number of instances, to As long as interest rates in the United day being held, for the first time in
Johann Strausa and Symphony take up substantial portions of their States are maintained at their existing Hong Kong, on China's National Day, "The Nightingale",
Orchestra. commitments.
Business in the Foreign Bond mar the London New York exchange quo- level, a austained upward movement in ket has been of small dimensions. The tatlon is scarcely to be expected. Busi disturbance in the Far East did not ness in forward dollars has not been SHARE QUOTATIONS "Show Boat Soprano greatly affect Chinese or Japanese extensive, but rates have fluctuated ap of cases, bonds were marked down cent and 19/32 cent discount for one securities and although, in a number preciably. After opening at 5/32 slightly, prices subsequently improved and three-months respectively, a strong In the Home Railway market, the demand for dollars was in evidence interim dividend announcements of the and although substantial offerings the main feature; more interest has closed at a discount of 1/10 cent for four principal grouped lines have been were subsequently reported, quotations been taken in this section than for one month and 5/32 cent for three. some considerable time, although the volume of business has not been great. mouths.
MOVEMENTS IN RUBBER AND
MINING
HIGH DIVIDENDS"
Messrs. Carroll Bros, have been advised of the following quotations
The official statements with regard to shown considerable appreciation.
The Canadian dollar has, on balance, and dividends on Rubber and Mining
An shares: factors favourable to a better senti- season of the year is not unusual, in economies effected in working were improvement in the currency at this ment, while the increases in the in-view of the imminence of the Autumn torim distributions of the London Mid- land and Scottish and the area. West- demand for dollars in connection with grain shipments, athough, on the pre- ern were considered very satisfactory; sent occasion, it is possible that other The Great Western Railway announced factors exerted a considerable in- an interim dividend of 2% per cent on fluence. At one time, the rate fell to its ordinary stock, compared with 1% 4.80%, the lowest quotation recorded per cent. a year ago, while the London
on for some mantha past, but at this Midland and Scottish ordinary stock is point, offerings of dollars caused a to receive 2 per cent. against 1% per rapid rise to 4.87%. A further re- cent. last year. The Southern Railway action to 4.83% occurred and the rate
Quotations
Allenbys
Ayer Panas Changkat Serdanga -Glenealys
Jerams Jimaha
$2.45 1.95 6.50 2.50 1.25
1.85
Kedaha Lunas
8.75
2.80
Malaka Pindas
2:05
3.25
2.35
Dividenda
New Serendahs Pajama
"The Emigrant", Soprano,
Dora Labbatte. "Can't Help Lovin' Dat Man",
Marie Eurke & the Mississipp Sextette. 10.30 pm.-Close Down.
THREE THOUSAND YEARS OF RHEUMATISM
Scientlets are among the most in- quisitive of men. Their 'calling, which leads them to wrost. Nature's secrets from her and to explore the unknown, compels them to invent new devices and perfect tried methods. The strug gie upon which they are engaged is a lofty form-perhaps the loftiest form of curiosity, and it is no won- der that the whole world awaits with keen attention triumphs of the
$20,000,000 land lust, in the aggregate, no less than 8,000,000 218.4 millions of the mets during July and, although receipts amounted 4,000,000 to El.1 millions, consisting largely of sovereigns from Argentina and South Africa, the amount of geld held in the Issue Department of July 31 had been Branches, Agencies and Correapon-reduced to the exceptionally low figure dents in the principal cities of the Reserve to liabilities had fallen to 28.2 of £141 millions, while the ratio of the world.
Every description of Banking and per cent.
The effect of the heavy gold depletion Exchange business transacted.
upon the resources of the short loan TAN ENG HUOI,
market has been modified by the action Auxnager,
of the Bunk of England in increasing Hong Kong, 15th May, 1929. Its holdings of Government Securities in the Banking Department, the total having risen from £37 millions on July THE BANK OF TAIWAN, LTD. to £62-millions on July 31: Uneven conditions, however, have prevailed and (TAIWAN GINKU)
although, as a rule, requirements have has been apparent, from time to time, been met without serious difficulty, it
that the margin of credit was narrow. In the early days of July, supplies were increased by Government interest dis ately 213 millions, but repayment of bursements, amounting to approxim
is paying the usual interim dividend continued around this figure through- Brunel United the sums borrowed by the market from of 24 per cent. on its preferred ordin-out the remainder of the month. Tambalak the Bank of England over the turn of ary stock, but the London and North With the decline in the spot quotation, Gopeng Consolidated the half year quickly absorbed surplus Eastern Railway, following the prece the premiara on forward dollara has Kamuning Perak Rubber & Tin 12 marvelled, are still fresh in memory. funds. The extent of these borrowings dent estabilahed two years ago, is de disappeared and at the close, the rate Tapar Rubber Estate, Ltd. 54% Int: The most impressive feature of this was indicated by the Bank of England ferring the question of the interest on was around par for near positions. Tronoh Mines Return of July 3, in which, in spite of the 4 per cent. second preference stock This market is usually difficult to trade Idris Hydraulic
4ed. Int. tomb was the great magnificence of its the heavy repayments effected in the until the fall year's accounts are avail-
5% Int.
excavated treasures, but other finds first three days of the month. "Disable, although the interim dividend on us notations are frequently sub Malayan Colliorios 74% Int counts and Advances" still stood at the the 4 per cent. first preference, and the ect to substantial variations, The link hea Correspondenis in all the prin-high figure of £52.3 millions, compared
have been more interesting for their Kepong. Dredging The German mark has, as a. rule, Petch Tin Dredging
24% cent. redeemable preference been in strang demand and the weak- Renong Tin Baneskneta" (Bolo]." Tegal, Tilasjap|tipsy Commercial Coutta throughout the world.
historical, cultural and selontife re- with £27 millions in the previous week stocks are to be duly paid. Under-ness of the exchange has been respon- Kinta Tin Mines
5% and Wellevreden.")
10% Final velations. Who, for instance, would and with out £7.6 millions on June grounds have been dull, in spite of the sible for substantial withdrawals of Tamjong Tin
5% have suspected that the old-time in- 19. By July, the indebtedness to the fact that the interim dividend was gold for shipment to Germany. During Jelapang Tin
5% habitants of the Nile Valley ered Bank of England had been liquidated, maintained at last year's lovel. but owing to the depletion of funds, it
ed. suverely from rheumatism? It would In the Foreign and Colonial Railway signments of the inetal were reported
the first few days of July, large con- Pengkalen became necasaury for a few bills to be market, Canadian Pacifics, after imam in consequence, the rate rose, for Sungei Bexi Mines
10% not have been surprising if the men 216%
of the Stone Age had been victims of THE BANK OF CANTON, LID, discounted by the market at the Cen proving considerably, re-acted some-a time, above the gold export point to tral Institution. On July 10, pro what sharply, while Argentine ralls 20.38. Later, however, further heavy
colds and chills, considering the in- rounced stringency was experienced, as
hospitable and shelterless regiona in have shown a dull tendency, owing to demands for marks were in evidenco BANK LOSES CASE much as 6 per cent being paid for the recent labour troubles and to the and quotations declined to around
which they lived, but no one could day-to-day loans in the open market, continuance of drought in that country. 20.35 but easier conditions subsequently en- Considerable activity has been display amounts of gold were withdrawn
At this level, considerable
have anticipated the severe deformi DEPOSIT RECEIPT CLAIM sued and money remained in fairly ed in American rails.
ties of the Umbs exactly like those in-. SUCCEEDS comfortable supply until July 23, when
German account, without appreciably
flicted by rheumatic disease, which pressuret was again in evidence. The
affecting the position, but towards the
were found in these mummies of the end of July, quotations moved upwards, His Honour the Palane Judge (Mr. hot, dry Egyptian desert. It is not
Justice In some the rate finally closing at 20.86%.
Wood) gave judgment for Improbable that the great variation of
Fald-Up Capital
Bamse Fund
Head Office(AMSTERDAM). Baator Hand OH-DATAVIA. BEANCHES:-Bandjarmasin,Baodong"), Bombay,
BRANUMED. AND AMENÜLEST
JAPAN :—1 Okye, Yokohama, nobe, Usalis. | FUUNUJA;~, bag, bakuzung is Mako auto, buchiku, duabu, JaLAMI, Tykao," Iantika, Toud, Berto, but,
Amoy Foochov, CULINA-ghat, Bokow.
Smaków, LOGI
Calcutta, Cheriton, Ujumber, DiskOTHES-Hong jakarta') The Efague'), Jeddah, Köln, Ko-adja Makassar, Medan, Padang
Falembang, İşkalongan, Naug Pentis
Hagoon,
Bingapore, Bombaya, Patavin, b New Luck, Baires. LUNDUN HANKKEI;
Boilerdata). The border County Westminster, and, Parr's Bauk
Kamarang) bhanghal, Sibolgs (Sumar) Singapor, boutshals,
These offices hare sale depoda bansa to lak, Laualan Bankara:--- Nasional - Prurimalai Bank Ltd.
forrespondania all over the world
Hasking burinsus al story desorption mad,
P. M. ELDREO
Gong Bong, 27th May, 1909.
Manager.
BANQUE DE L'INDO - CHINE.
HRAD OFFICE:
96, Boulevard Rausaman, Paris;
Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital ...Frs. 68,400,000.00 Reserva Fonds. Fra.102,000,000.00 BRANCHES:
Mangtze
Bangkok Hong Kong Quibhon Battambang Hue
Saigon Cantho
Shanghai Contua Nam-Dinh Singapore Djibouti Nedmoa Thankos Fort-Bayard Papcoto Tientain Haiphong Peking Tourang Hankown Phon-Penh Vinh Hanoi Pondicherry Yunnanfu
BANKERS: BAN
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais;
Banque de Paris et des Pays-Bas;
Credit Industriel at Commerciai; So- clote Generale.
IN LONDON: The National Pro- vincial & Union Bank of England, Lid; Comptoir National d'Escompto de Paria; Credit Lyonnais.
IN NEW YORK: J. F. Morgan & Co.; French American Banking Car peration;. Guaranty Trust Co. of Now York.
Mungu.
HONG KONG BRANCH;
5. Do Your Road Central. Hong Kong, 08 Janumiy, WV
Established 1912. *
tead Uthco-legg Kong
Authorised Capital (B.K. Curranty) -$11,000,000
PANCIES
Canton, Daugna, ktankow, STALOW, Bangkok, Duwstock mad bna Pranami.
LONDON BANKERS,
The Lloyd's Bank Limited. • Correspondante la al principal cities of the
World.
Foreign axchange and backing mainan ui avery description crated
Hala. Depoal Baron (various ainan) at a yearly ronial of from $40.
· LOOK POONG SHAN,
Chief Maungax:
Hong Kong, 19th February, 1927.
THE BANK OF CHINA 行銀國中
(Specially Authorised by Presidential
Mandate of the Republic of China on the 22nd of November, 1917.)
Reserve Fund
HEAD OFFICE: PEKING.
5. per
Industrial Market
position was eased through purchases In the Industrial market, business of September bills by special quarters generally has been small.
Uncertain Future
←
the
*on
;
great masters of scientific research. The discoveries of archaeology arouse 4% great Interest The sensational re- 7%sults of the excavation of the tomb of Jd. Tutankhamen, at which the world
and funds again became fairly plenti-directioris, appreciable, activity has Throughout the month, interest han plaintiff yesterday in the cate in the temperature between the baking heat ful, although a good demand was minin-Leen, witnessed, but in others, the in- been largely concentrated on the Supreme Court (Summary Jurisdle of mid-day and the icy coldness of the tained and on, the last two days of the terest displayed has been negligible July, the quotation remained fairly 16, Eastern-street, the Foo Loong causing their rheumatism, but a still French franc. In the early days of tion) Chan Hang-shan, merchant, No. aight played a considerable part in month, up to 6 per cent, was again In a number of instances, business has paid in the open market for accom-tech so limited that it required mand for francs developing, a decline Bank, hankers No. 106, Queen's-road more important
only steady around 123.95, but a strong de- modation.
factor must have attle-puving or selling to cause she to 128.38 took place, a figure at which Central. The claim was for H.R.$743, been the absence of effective remedies. portionate movements in prices. Day-to-day rates have ranged be. Talking Machine group has been soma- it became profitable to move gold from the equivalent of $1,000 in notes of the They had no "Aspirin" to take or tween 3% and 6 per cent., the majority shares have been dull. Courtaulds de- the throughout the secone
what uncertain in tendency and Rayon London to Paris. Large shipments of Central Bank, Canton, deposited with "Spirosal to rub. in, as we have, and
and al-defendants of transactions taking place at from clared an interim dividend ff 4 per though throughout the second half of claimed on a deposit receipt. Defen- preparation of salicin did not appear by plaintiff. Plaintiff oven willow bark, the most primitive 4 to 6 per cent. Up to July 10, weekly cent. tax free, against 5 por cent, tax the month, the effox continho dants maintained that the claim was in the Pharmacopoeia until "long fixtures were arranged at 4 to 41⁄2 per ten year age, and, while the really, rate-not only failed show cont., but, subsequently, the higher duction was not unexpected, the shares Improvement, but moved to a still | false and that plaintiff had got. his after their time. We know from these figure became. the usual quotation
discoveries that our everyday illnesses In the discount market, all other in- developed an easier tendency after the lower level. Towards the close, how-money back.
Mr. F. C. E. Rendall was for plain-were prevalent more than three thou- uencos have been overshadowed by announcement The British Celanese ever, some recovery was recorded. For
past large balances are tiff and Mr. M. M. Watson for defen-sand years ago, bat the measures for report was considered disappointing, some time the gold exports and the resulting un- certainty regarding future monetary February, 1920, showing
net profil for the year ended snown to have been held, both in Lon-dants.
combating thom have changed and rates has been reflected, not only in
substan- don and in New York on French ac-
improved, and when some inglisitive Authorized Capital....300,000,000.00 widening of the margin between the
firmer quotations, but also in the tial declino, empared with the pro count," withdrawable at call or very
archaeologist excavates our resting- Paid-up Capital
vious year. Other textiles have been short notice, and It is possible that a
places three thousand years hence, he 18,278,800.00 rates for bills of different tenor. A
quiet. Among Motor shares, Tillings fairly close connection existed between
will not, we hope, find an overwhelm- 0,620,426.24 the beginning of July, quotations for have been in demand. Dunlops have the recent improvement of sterling in ment, so as to interfere as little as posing proportion of rheumatic deform-
A terms of the dollar and its deprecia-sible with the national economy, has three and six-months' fine bank billa remained an uncertain market.
exhibited an improving tendency and itler. were 5% and 5% respectively, but at better tone was noticeable in tobacco tion in terms of the franc
shares, following the announcement of the close, the former had hardened to
Francs Depreciated
the quotation has declined from 84.00 month to The belga has shown only comparn-at, the beginning of the 15.1/16-5%, and the latter had-ad-a 7 per cent, tax free interim dividend
CHINESE "AT HOME" vanced to 5% 5%. Throughout the by the Imperial Tobacco Co. (of Great tively small fluctuations, although, on around 88.18-at the close. Towards the Britain and Ireland), compared with balance, a slight appreciation has oc- end of July, business was reported to Branches and Sub-branches all over month, there has been a general in 73% per cent. a year ago. The districared. On July 81, the National Bank be on a very small scale. It is stated On Oct. 10, the Chinese National' China and Correspondente in Europe. elination to restrict commitments, par bation was considered antisfactory, as of Belgium raised its discount rate that the credits arranged last year by Day, Sir Shou-gon Chow, Dr. R. H. Amorica and other parts of the world. ticularly in longer dated maturities, it is equivalent to 8% per cent, on the from 4 to 6 per cent., but the increase the path Gove hace with renewal, Kotewall, and Dr. S. W. Te'o will be
London: Bankers:-The National
and during the last fortnight, the tone capital existing prior to the bonus produced little effect on the exchange. of English banks have been Provincial
cial and Union Bank of Eng of the market became exceedingly arm issue of one new share in faur. Stocks The Italian, lira has moved in favour while it has also been intimated that "At Home at the Chinese Mer- land, Ltd.
The Authorities are naturally reluc of the Royal Mail Steam Packet of sterling, the rate, at one time, ris-the re-establishment of the gold stand-chants' Club, China Building, Afth The Garanty Trust Company of tant to impose a higher Bank Rate, Company have fallen sharply, but ing to 92.88 frally closing at 92.82. ard will coincide with the real door, from 11 am to 12.30 p... Now York,
with its restrictive influence on the closed
trado
above
lowest. and
the New-York Bankers: The Irving country's
The Swiss francs have also depreciated, bot tion of the currency. Forward quota- commerca, shares Nationa! Bank
should the gold outflow
companies connected the actual volume of business transect- tions. In the peseta havo fluctuated All-friends are cordially invited." with the Red Triangle cement grouped in this currency has not been large, widely and the tone of the market has The Equitable Trust Company of continue On anything like Its
On balance, the pre- have been sold; causing a certain For the greater part of the mouth, the been uncertain. THE YOKOHAMA SPECIE BANK, Now York
recent scale, it may be difficult “TAMITED,
Interest allowed on
for them to avoid taking definite action amount of weakness. At the com- Dutch guilder remained practically un-mium, has increased, the closing rates Current Ac-
mancement of dealings in Cables and changed around 12.08, but, towards the being around 9 centimos and 28 can- counts and Fixed Deposits. Torma on 21, tenders were invited for £1.500.000 evidence and considerable. Auctuations the rate rising to 12.10%. The Nor months respectively.
to protect the gold reserves. On July Wireless stocks, much activity was in closo, a weaker tendency was apparent, timq undor, spot for one and three application.
Every, description of Banking Bual is understood that the bills were allot-have now begus on the New York have all moved in favour of London: movements of Importance rally show Port of London six months' bills and it occurred; dealings in these securities wegian, Danish and Swedish kroner In the leaver European exchanges, ness. transacted. itles.
Loans granted on approved secur from 5% to 5 per cent. per an descriptions. International Holdings authoritative announcement at the end little change from a month gp.
Amang miscellaneous The Spanish peseta, following the lacking and quotations generally show Special facilities for Home Exoforings of Treasury Bills met with uam. In the first fortnight of July, change.
SHOU J. CHEN,
Interest allowed on Current Ac- counts and Fixed Deposits according to arrangements.
Every description of Banking and
Exchange Business transacted. Safe Deposit Boxes to let
A. LECOT,
Manager: Hong Kong, 1st May, 1929.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Yen 108,000,000 Reserve Fand
Head: Oflca:-TOKOHAMA,
Branches and Agencies sti Alexandela
Newchwang New York *Oanks.
Batavia.
Boy hay Butos Ayres Calcutta Cantod
Changchun
Dairan (Dalny).
Poking Rangoon Río de Janeiro Saigon
Fengtion (Mukden) Seattle
Hamburg
Hankove
Harbin
Воде Корк
Honolulu -
“Kai Yuen”
Karachi Kobe
indon
*Los Angeles
San Francisco Semarang Shanghai Shinonasoli Singapore Boerabaya Sydney
HONG KONG BRANCH: 4. Queen's Road Central.
Manager.
THE BANK OF EAST ASIA, LTD. HEAD OFFICE: HONG KONG, 10, Des Voeux Road Central, na Hong Kong của Authorized Capital $10,000,000 5,000,000 1,600,000
Pald-Up Capital
Reserve
BRANCHES AND AGENCIES:
Batavia Bombay
Melbourne San Francisco Nagasaki Seattle Calcutta New York Sembarang..
Canton: Osaka Singapore. Haiphong Paris,
Bourabaya Honolulu
Pelping Sydney. Kobe „Penang / Taipeh
Kowloon Rangoon
London Saigon
Manila
“Cifrrent) Adi | cities of the
Tianta
but
ted at a rate of discount ranging Curb market..
THE MERCANTILE BANK OF INDIA, LTD.
DEAD OFFICE:
15, Gracechurol Street, London, X. O. (
Authorized Capital
..£8,000,000 Subscribed Capital 1,800,000 Paid-up Capital o 1,060,000: Reserve Fund and Best 1,612,047
Bab
Bombay
lowrah
-HANKEKS £
The lack of England & Midland Bank, Tal.
Nahr Tock pe Pore Louds (Mearlilus):
Shangha
Emuls
Caleita - Hardwallet Dan
Collabo Euta: Mlinesi Dahi ya Kuala Lumpur.
Galler Kvaran, (Zuhany) Alagapore
Douralage
M BONG MOND PHANOIL
and Hydro Electrics have recorded of June, that the Spanish Government inarked appreciation, and Brewery | had decided to re-introduce the gold abares, aftar, being particularly duli,standard at the most opportune mo- owing to fears of restrictive lagisla (Continued at foot of next column tion, have shower signs of improvement. In newspaper.whares, a shuggah tan ́dency has béon noticeable." The Isspo of new #1 ordinary shares' of 28s, by the Scottish. Tower, Company, for the. purpose of sequiring the File Electric Power Company and for general capi- tal purposes, met with a very satis factory resporas. The Iron and Steel group has been dull. (And
The Oll market has boens vary quiet, with little evidence of public kap- Dort, and the continued -- increase in
·American All production does not tend to improve the share market; position. In the Minibg market conditions have been dull Interest centring chiefly in the Rhodesian section. Tin shares have been somewhat firmer, following the formation of the Tin Producera”, Asso- ciation,
Every Zentrifikon · af1· Banking and Rashangs Very golober, shares have been
Shanghai E Correspondents in all
principal Travellers Cheques Issued
Trusted And Executorships under orld: * Every description of Ranking and taken-13
Exchange business transacted., Loani przed zodia me make her boy trafted on approved
NATE: DEPOSIT
Hond
October 1929)'
Foreign Exchanges
||exchange "market in July has shown greater activity than of late, als though, towards that cloke, an element of incertainty was in evidence, largo fily owing to the heavy gold, withdraw- als from the Bank of England for ship- meotabroad.According to the pub
·lished daily statements; the guid stacks
70 to
Gay
attraction
·October
The Yen Recovera Among the Eastern currencies, the Indian rupee has moved within narrow limits, the rate fluctuating between Is. 5.51/64d. and 12. 5.27/32d. Japanese' yen have exhibited a marked recovery "and quotations `havo ·risen' from `15. 9.11/16 at the beginning of the month to as high as 15/16/82d., finally clos- ingratis, 178. Although no dežnite dato has been announced for the return [by Japan to the gold' standard, the in- portance of the question is fully ap- preciated id official quarters and the
tiew Japanese "Cabinet, in its state ment of policy, fasued early in July, laid down tho, principle that the re- moval of the embargo on gold exports lathe fundamental requisite absoluten
·
Does Cranking Make
You Dizzy
Then your liver needs attention,
ly necessary for the re-establishment and your best remedy is Pinkettes, of the sound state of public finance and the dainty little laxative liver re- generally econot prosperity of the gulators, which set such troubles country and declared, thats execution right in a single night. Pinkettes should not he postponed to a very is are just as good for your wife as tant future, an
*** In the South American exchanges, for yourself, for, taken - when the Argentine peso, apart from needed, they keep the digestive elight weakness in the middle of the tract in clean and healthy condi -month, bas, remained fairly steady at
Around 47.7/88 and the Brasilian mil tion, thus ensuring cheerfulness rois has shown practically no change, breath sweetnasa; and a clear,
The exchange rates on. Australia and skin. M
New Zealand have moved in favour of Of chemists everywhere at 66- London, but no alteration has occurred
conta the vial.
in the quotations on Bouth Africs..
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