1929-10-07 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorised Cipiłaś po lagued and Pully Paid-up Massera Punda 2- M

- Serling

dilver ......

--- $90,000.000.

£8,000,000 «JEK,006,000

$10,000,000

Raser Liability of Propelton v. $30,000,000

KEAD OFFICE: HONG KONŮ.

BOARD OF DIRECTORS --

. N. 8. Brown, Zas.

Chairma

W. K. Ball, Esq. Deputy Obelman,

nou. tr. 3. D. F. l.

A.

. Compton, Beq,

M, T. Jahnson, Esq.

B. Lender Lawie, Ej

AMOY BANGKOK BATAVIA

DOM LAY

CALCUTTA CANTON

W. L. Palisadea, Esq.

T. 3. Pearse, Bea

J, A. Plummer, Faq

J. P. Warren, Begi

Chief Manager.

Bon. Mr. A. C. Erams,

BRANODES -

LONDON 1.YONG

HALACOA

MANILA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Paid-up Capital

.£3,000,000

Reserve Fund ...

..24,000,000

Roserve Liability of Proprie

1978 *****

.£3,000,000

Agencies and Brauchen:

KUALA LUMPUR

(Malay Bates)

SUCHTING

MADRAS

MANILA

MEDAN

ALOD STAR

AMBITUAR BANGIOIS BATAVIA BOMBAY + CALCUTTA CANTON CAWNIONE CENU

COLOURG

•

NEW YORK

PEXINO

PENANG PESHAWAR BANGOON

1

.SAIGON

SEMARANG

BERESIDAN

SHANDIAL

SINGAPORE

DAIREN (Daly

Booth Manchusia) DELH

HAIPHONO

KAMBURO

HANKOW

HARIN

(N. Manchuria)

HONG KUND

ILOILO

KUALA KANGSAR

Perak (7.3.8.) Foreign

SOURABAYA

TAIPIND

[P.1.5.1

TAVOY

TIENTSIN TOX10

TONDKAR (Dhuket)

TRINGTAO

YOKOHAMA ·

*ZAMBOANGA

(Philippine Islands)

Exchange and General Banking business transacted.

POL

KARACHI

MOUKUEN

KLANG

NAGASAKI

Konk

CAMPOO

NEW YORK

CALOKS

РЕБЕКО

DAIREN POOCHOW

PENANO

BANDIDON

HAIPHONG

SARON

HAMBURG

SAN FRANCISCO

HANKOW

KIANO WAL

KINGAPORE

SUNGEI PATANI

SOURABAYA

KARBIN

HONUKEW

ILOILO

LPGH

10OODE

TIENTGIN

TOXYO

XOBN

• HOWLOON

BUALA LUMPUR

TSIKOTAO'

YOKOHAMA

Current Acousin opened in Loos! Currency

and Fixed Deposite rosived for our 194

shorter periode in Local Currency and

Or

ou beme #kich will be quoted to applications.

Hong Kong, sh May, 1929, -

HONG KONG SAVINGS BANK.

The Business of the above Bank is conduck

the HONG KONG AND BHANGHAI Bules may be

BANKING CORPORATION.

obtained ca application,

FOR TUE HONG KONG

BANKING DONIPURATION,

A AHANGHAI.

A. U UYNEG,

Chial Manager.

ilang Koag, Bib Septembar," 1027.

NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING BOCIETY)

DANKERS.

Established 1271 ་་་ Hong Kong 0-11 Que's Bord Central Auslealand –Vapital

Paid Up Capital

Basert und

Guliders 150.000.000- (£17,500,000)

Gundars 80,000,000.

(0,004,657.)

Culiders 40,000,000- {£1,000.93.)

Med :-(AMSTERDAMF"). Eastern Hand (HG-BATAVIA. BRANCHES-Bendjarin Bandoeng) Bombay, Clouda, Charison, Eambar, Djok Ataria) The llaguo), Jeddah, Bobe, Kota Badia, Makassar, Kučan, Pulang

Current Accounts opened and Fix- ed Deposits received for 1 year or shorter periods at ratos

be quoted on application.

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1929.

SILVER PARITY

THE CHINA, MAIL,

MERCHANTS' TRADE GUILD ON CURRENCY EVILS

VIOLENT FLUCTUATIONS

COMMERCE

Under the chairmanship of Mr. Ho Kwong, a meeting of the Co-operative Society of the Twenty-four Merchants' Trade Guild, was held last evening. There was a large attendance, includ ing Messrs. Ho Iu, To Ste-tuen, Ll Yew-tong, Ng U-chan, Ho Yee-cheong, Chiu Chlu-fan, Lo' Lok-chow, Kwan Yik-che, Tsang Hew-man, Lo Woon- cho (secretary), and many others.

Addressing the meeting, Mr. H. Kwong sЯid:

Since I had the pleasure of address- which willing you a few days ago, we have seen violent Ructuations, and we are now on the downward grade. Already many merchants have pointed out how the drop will assist them in the clear- ance of import cargo, and needless to say exports will be very much assist- ed by a large number of dollars for sterling, etc. But this sharp fall must not be allowed to interfere with the necessity for permanently fixing the the parity of sliver as the currency Colony.

THE HO HONG BANK, LTD. (Established 1917.)

CAPITAL.

Authorised

Issued Paid-up

Reserve Liabilities of

Shareholders

4

$20,000,000 8,000,000

I have been asked how, in my 4,000,000

opinion, can the currency ovil be re- 4,000,000 medied, but that, gentlemen, is a mat- 2,219,000 ter for an unbiased currency expert HEAD OFFICES:-SINGAPORE in England. rather than for anyone Branches, Agencies and Correspon here. denta in the principal cities of the world.

Surplus...

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Temporary Ordinance

In the meantime, to put the poal- tion right momentarily, I would re- commend that Government should pans |

temporary ordinance prohibiting

A Manager.

Hong Kong, 15th May, 1929.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:-Taipch, Formosa. Incorporated by Special Imperial

Charter, 1899.

Central Disk in Formosa. Bank-Notas issued Average amount 2.Yan. 45,000,000 BRANCHES AND AGENCIES1, JAPAN :—Tokyo, Yokohama, Kobe, (maks. PORNOSA :-Ŭiran, Ksi, Kereska, Slang Makong Nanto. Shinchiku, Tairbu. Tainan,

aka, Trenul, Toen. Hao, IN OLIENA Langbai, Hankow, Amar.

*Heaton, Canton,

Singapore, OTHERS-Hong Kong.

Menara Palava, Bombay, Loudon, New York, Dairen.

LONDON DANXBBS:

Boochow

por-

AND

FINANCE.

ance would be withdrawn.

MR. L. WATANMAL

INDIAN MERCHANT TO VISIT

- COLONY

ARRIVING TO-MORROW

MONDAY, OCTOBER 7, 1929.

AGRICULTURE ·

NEW TERRITORY SHOW FOR

JANUARY

FACILITIES FOR ALL

Mr. Lalchand. Watanmal, manag- A méating of the Committee of the ing proprietor of Messrs. Watanmal New Territory Agricultural Show, which is to be held on Jan. 4 and 5 Boolchand, of Hong Kong and been arrived at, the temporary ordin Shanghai, is arriving in the Colony

next, took place at Tung Ying Hok on Tuesday n the .. "Andre Po, Sheungshui, on Saturday after Besointion Passed Mr. Ho Kweng proposed the follow- Lebon." After an extensive, tournoon, with the Rev. H. R. Wells in the ing resolution:-

of India, Ceylon, Java, Burma, the chair. The others present included Lady Ho Tung, and Mesars. J. A. That the Government be asked to Straits Settlements, Mr. Watanmal

Frazer, F. W Stapleton, J. H. Hunt, pass a temporary ordinance without will proceed from here to the Philip P. C. How, Fung, Ng Sing-ch! (Chin- delay prohibiting banks from paying pines, Shanghai, and Japan, the ob- ese secretary), J. D. Bush (English | out in anything but silver dollars and ject of his tour being to discover secretary), Fung Ki-cheung, and Tang far such ordinance to be in force modern improvements in business. Pak-kau, until an independent currency expert Although only 38 years of age he has been consulted and has advised has built up a career for himself on the best method in which to keep both in business and in public life the note lesue on a par with silver dollars and silver dollars on a par that is very remarkable. In India he is considered a great personality. Mr. Ng U-chan seconded, and the re. He is a member of many public solution was passed unanimously, committees, of some of which he is The Hon. Dr. R. H. Kotewall and chairman. He is keen on argu- the Hon. Dr. S. W. Tão will be anked ment with the saving grace of to forward this resolution to the Gov- humour, and generally an authority

with silver.

ernment,

FRENCH BANK

OPENED IN MANCHURIA FOR COMMERCE

POWER OF ATTORNEY

Mukden, Saturday. The Franco-Asiatic Bank at Mukden was officially opened to-day for aiding French commercial enterprises in Man-i churia,

The bank possesses power of at- torney to represent the French cre- ditors of the Russo Asiatic Bank- Rauter.

STERLING BILLS

FROM EUROPE

The rate of interest for Sterling advances made against Bills from Europe on the East has been raised from 7 percent. 7 per cent. from and after October 18,

banks from paying out in anything but RATE OF INTEREST ON RENEWAL silver dollars. Such prohibition should be for a specifled minimum time, and for not leas thun six months, mit of all banks obtaining supplies of silver dollars from the London In like manger banks and Mint. everyone else, would have to accept silver dollars, or cheques for the equi- valent of silver dollars, and this would bring us back to the silver dollars as the legal currency of the Colony, and thus the currency in the Colony would be on the basis of the cost of silver and would not be inflated.

The method to be adopted for keep- Bombing the currency par permanently Ole and permitting a issue, but at a higher valuation than the silver dollar,

Falembang, Kotterdam. The London County Westminster and Part's Bank

Pallasak, Raspoon,

Bemarang"). Shanghai, Bibl (bumas),Blogapore,

Borsbals.

The rate of 7 per cent, will also be charged on all past due sterling bills from and after this date.

Sterling Bills already renewed, at the rate of 7 per cent. will bear in- terest this rate until dḍue dates, but If further renewed from and after Oct. 18, the rate of interest charged will be 7% per cant. from date of such renewals.

is a matter for Government decision,JAPAN AND CHINA

The Bank has Correspondasie in all the pris-assisted by a recognised independent Surakarta (Bob), Tegal, Tapcipal Commercial Centre throughout the world."

and Wainwrodan.")

* These close bare sale deposit box to

Landes

Porrespondon Provincial Bank Is

all over the world

Banking besides of every description sealed.

r. M. ELBERG,

Gong Kong, th May, 1923.

Manger

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris. Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Frs. 88,400,000.00 Reservi Fuada ....Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon Battambang Hue

Salgon Shanghai Mongtze

Cantho Canton Nami-Dinh Singapore

Djibouti Neumen Thankes Fort-Bayard Papoote

Tientsin Haiphong Peking Tourane Hankow Pnom-Prah Vinh Hanoi

Pondicherry manfu BANKERS:

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

IN LONDON: The National Pro- vincial & Union Bank of England, Ltd: Comptoir National d'Escompte ~ de Paris; Credit Lyonnais.

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

..

Interest allowed on Curront · Ac-: counts and Fixed Deposits according

to arrangements.

Every description of Banking/and Exchange Business transacted.

Safe Deposit Boxas to let..

A LECOT,

Manager. Hong Kong, 1st May, 1929.

+

NAGURA, IT

Maingar.

B. Des Voeur Road Castral. Hong Kong, 10th January, 1980,

BONG KONG BRANCH:

THE BANK OF CANTON, LTD.

Established 1912.

Head Office-Hong Kong,

Authorised Opital (B.K. Durrtacs) ...11,000,000 Paid Up Capital

8,464,03 800,000

I

BRA NO1826 1-**

Canton. Ehanghal. Enakow, Bwsion, Dengkak, New York and San Francisco.

LONDON'DANKERS :—

The Lind'e Bank Limited. Correspondenta iz all priodpal cition of Ibe

World.

Forsiyh anhangs and backing bustness of Srary description transacked,

Rafa Depralk Beton (variosa-sisan) si a parly esaal af from 40.

LOOK POONG SHAN,

Chief Manager. 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.)

Authorised Capital.$80,000,000.00 Paid-up Capital Reserve Fund ...

18,278,600,00 9,629,425.24

HEAD OFFICE: FEKING.

HONG KONG BRANCH:. 4, Queen's Road Central. Branches and Sub-branches all over Chins and Correspondenta in Europe, America and other parts of the world:

London Bankora:--The National Frovincial and Union Bank of Eng- land, Ltd.

The Guaranty Trust Company of New York.

Now-York Bankers: The Irving National Bank

The Equitable Trust Company of

THE YOKOHAMA SPECIE BANK, New York

....

LIMITED.

Established 1880... Capital (fully paid-up) Yen 100,000,000 Reserve Fund You 108,600,000

·Alexandria

Batavia Bombay Buenos Ayres

Head Office:-YOKOHAMA.

Branches and Agoucles at:

--Nówchwang New York Osaka Peking Hangoon Rio de Janeiro Balgen Daire (Dalny) San Francisco Fengten (Hükdea) Beattle

Calcatta

Centen

Changchun

Hamburg

Hankow Harbin y

Hong

Kong Honolulu... Kit Tuin

Karachi

Semarang Shanghai Bhinionosekiz Singapore Soerabaya Bydney: Tientais

Interest allowed on Current Ao- counts and Fixed Depofits. Termas on application.

Every description of Banking Busi- Dess transacted.

Loans granted on approved secur ities.

·Special facilities for Home Ex- 'change.

SHOU J. CHEN,

Manigor.

THE BANK OF EAST ASIA, LTD.

HEAD OFFICE: HONG KONG,

Des Voeux Road Central,

Hong Kong. Authorised Caplial $10,000,000 Fold-Up Capital

5,000,000 Reserve OLYE

1,500,000 IES AND AGENCIES:-- BRANCHES Patavia

Melbourne San Francisco Dombay Nagasaki Sextiles

New York Bemarang Singapore Sourabaya Sydney Kobe Penang Taipeh Kowloon Kangoon Tientsin London Saigon Tokyo Manila Shanghai

Calcutta

Canton Haiphon

Honolulu Psiping

Corresponde

princip

currency expert. When a decision has

Drive a Trusty

“TRIUMPH"

the Motor that never fails you

INCREASE OF EXPORTS

SINCE JANUARY

Tokyo, Saturday. Japan's trace with China for Sep- {tember 'was—,

Exports, 48.450,000,000 yen'; imports, 18.620,000,000 yen; making a total excess of exports since January 1 of 130.600,000 yen, compared with 110.48,000,000 yen for the same period of last year-Router.

THE SKIPPER RETIRES

Valedictory

He's gone back to his home down under, and retires when he's

finished his leave;

"Will he ever come back here I wonder, with another soft job

up his sleeve?

He departed without any glory, no crowds there to witness

him go

No paper has told us the story-Oh, shame, that this should

be so!

No paper has yet drawn attention to the host of friends that

he had

None of them yet has made mention that he was a genial lad; Not one has remarked that his friends.wish him long years of

vigour. I trow;

For which I am making amends-Oh, ahame, that this should

be so!

It's not right that he thus should depart—unwritten-

unhonoured-unsung!

Except for these lines from the heart no word from the pen or

the tonguel

To tell him how he was respected, esteemed both by high and

by low

Always calm, cool and collected - Oh, shame that this should

be so

No doubt it's a little bit sad, this neglect of the newspaper here When they might have made him so glad, filling his heart with

good cheer:

I'm writing these few lines to cheer him, no doubt they will

soften the blow,

If he reads them I'd give five bob to hear him-Oh, shame, that

on this should be sol

He felt sure of the usual vapour, so he left fifty cents with a pat Who'd send him extracts from the paper, which same he could

show to bis gali **

But now that the money is wasted, to the core be'll be shaken

I know,..

In his album-they cannot be pasted Oh shame, that this

should be sol

So I'm writing this tribute to Squeaker, by which name he was ty known to his pals: ht

No one could be gentler or meeker though a devil he was with

the gals,

e

He's squeaking his way o'er the ocean, to the land where the

larriking grow

He'll arrive without any commotion - Oh, shame, that this

should be solve

He's smassed several thousands of quidlets ---he's got a fine Wakhouse of his own, "'.

Unmarried, without any kidlets, he wouldn't swop jobs for

a throne AMINO

He can lift up his voice in glad song now, not caring how

typhoons may blow,

Thanking God that has not in Hong Kong now thancing

Heaven that this should be sot

Other matters discussed were details of railway and Police arrangements, and everything possible will be done for the convenience, of visitors to the Show.

The catering will be in the hands of The Queen's Cafeteria and twenty per cent. of the proceeds will be given- towards the show. The Imperial Chemical Industries are contributing $250 for general expenses and the European staff of Talkoo Dock have contributed $30, thanks to the efforts of Mr. J. J. White,

ON

* Agricultural Association The proposal to form an Agricul- tural Association was also considered.

The chairman stated that a further letter had been received from the Gov- ernment. Careful considoration is now being given to details and the matter Plane of the building, which will be will be submitted to His Excellency designed to give plenty of facilities the Governor his return from. for both exhibitors and visitors, and

Maalla.

Mr. H. J. Hunt spoke about the will includes theatre, restaurant,

pumping engine for irrigation of which etc., were discussed by the meeting. Tenders are being invited shortly, to Mesara. Jardine, Matheson & Co. are be submitted to Mr. J. A. Fraser, the the local agents. District Officer, who has undertaken to make representations to the Govern-Torritories had been made last week

and the machine had proved quite. suitable for the area. Over 200 mm- ment to, defray the expenses,

chines have been sold in Cheklang Pro-- vince and about 100 in Fuklen and the

self acquainted with journalism as the director of the "Swatantra," of which Mr. G: F. Daswant, the head of the firm of Messrs. Lalchand and Gagandas of Hong Kong and Canton, and the President of the Hong Kong Indian Club, was the first honorary Editor. As an old

He informed the

Committee that a tour of the New

hope was expressed that before long adopted in this the engine would part of South China. There will prob ably be a demonstration of the engine at the Show.

on many topics. It may be anti- cipated that he will endeavour to effect many improvements in the bustness and social life of the Indian community here, by whom I is understood, he will be given a great reception. It is anticipated that he will later pay a visit, to Britain and America. Everywhere during his tour he has been the re- cipient of addresses of welcome and irlend Mr. Daswani intends to invite Colony, the Committee decided to ap been the subject of newspaper arti-him to many functions during his cles, and interviews. He is him- stay here and in Canton.

Mr. Lalchand Watanmal

As the Show is held from year to year to further the interests of agri- culture in the New Territories and to Interest the general public in the peal for donations towards the heavy expenditure Involved in holding the forthcoming show. Both the Chlacae and European communities can assist',

this matter and donations may be forwarded to Mr. T. P. Tong of the Hong Kong and Shanghai Banking Corporation or to Mr. J. D. Bush of Messrs. Yue Lee Yuen, China Build- Ing. sixth floor.

A

further moating of the Com- mittee will be held on Nov. 2.

LIQUOR LICENCES.

-BOARD TO SEE APPLICANTS

NEXT MONTHI

The Licensing Board is to sit at 4.30 p.m. on Friday, November 8, in the Council Chamber, to consider applications for publicans' licences, hotel keepers' adjunct licences and restaurant keepers' adjunct licences for 1929-1990.

Applicants for transfer or new licences and persons objecting to such applications must appear in

person.

SOME TIME AGO, WE ANNOUNCED THE IMPENDING

CLOSING OF OUR SHANGHAI RETAIL STORE.

NOW

"WE HAVE RECEIVED INSTRUCTIONS FROM OUR GENERAL MANAGERS, THAT OWING TO THEIR OLD AGE, THEY INTEND TO RETIRE

FROM RETAIL BUSINESS THEY HAVE GIVEN US INSTRUCTIONS TO SELL OUR RETAIL STOCK WITHIN THREE MONTHS IF POSSIBLE, AS DID OUR SHANGHAI BRANCH.

CONSEQUENTLY

OUR ENTIRE RETAIL STOCK IS OFFERED TO YOU *AS BELOW

(1) Enormous reductions will be allowed.

marked net (2) Goods already reduced and

cannot be further reduced.

(3) The guarantee given with watches sold by us will be valid, repairs being done,

necessary after New Year by our Wholesale Department.

(4) The Retail Stock includes:

DIAMONDS, JEWELLERY, WATCHES, STERLING SILVER WARE, CLOCKS, PARIS NOVELTIES, STATUES, FIRE- PROOF SAFES, Etc., Etc.

J. ULLMANN & CO.

BUILDING ALEXANDRA

HONG KONG

BETWEEN WATSON'S AND THE BAVOY HOTEL