1929-10-30 — Page 2

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF

BANKING CORPORATION.

Authorinad Capital

Caged and Pully Paid-up

INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1968,

HEAD OFFICE: LONDON,

$10,000.000

$30,000,000

Paid-up Capital

Reserve Fund

All.............$14,000,000 *

serve Funds:-

Cherion-

£8,000,000

Rangers Lieblilty of Proprie:on

$20,006,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS: -

. H. Brown, Eau.

Chait tomu,

H. Dell, Eng. Deputy ChalemELA

H. R. 3. F. Baith

. Campton, Esq.

5. Jadi, Eng, Lauder Lewis, Esq.

MOT НАКЛКОК RATAVIA BOMBAY

JALCUTTA CANTON

THEFOO CALON WO

DAIRES *ዲዞ ነ ን ኖ ነገሩ፡

HAIPHONG

JAM

JANKOW

MANDIN

W. L. Pataudan, 44. B. Pearce, Esq.

J. A. Plummer, Yaq.

J. P. Warren, Esq. Citer Uenger Hon. Br. A. C. from

BRANCHER

LONDON

LYONS

} MALACCA

MANILA

MOORDEN

SACASA KI

NEW YORK

PERANG PENANIE

BANGON SABON

SAN FRANCISC SHANIMAL SIRGATORE

TONGREW

SOU LABAYA

ILOILO

EI PATASI STRIN

FUTURE

I BE

AOWLOON

KUALA LUMPLA

2NETAO

ADILAMA

Current Accounts opened in bend Currency and Food Deposita received four whe

mortar periods in Local Currency and starting

in urte which will be quoted on application. Dong Kong: With May, 199.

or

HONG KONG SAVINGS BANK.

Das tostory of the abors Bank in conducă. 24 ay thần 18ẰNG KUNG AND SHANGHAI BANKING COMPORATION. itale may be

blato un application,

FOR THE "flosɑ KONG & SETASCHAL

BANKING CORPORATION.

A. C. HYNES,

Chief Or

dong Kong, th September, 1927,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V..

(NETHERLANDS. THADINGA BOCIRTY!

BANKERS,

Katebliebed 1924

Kong Kong Moe:- Queen's Road Centre).

Authorized Capital

Pant Diy Capitul

Guiltlers 190,000,000- {EIX,400,000.)

(40,665,667,) ........... Quililors' 40,000,0

(S,A,KIN.)

Reserve Liability of Proprie

tors

.£3,000,000

.£1,000,000

£3,000,000

Agencies and Branches:

ALON STAIL

(Malay Males?

AMNITNAK

BANGKOK HATAVIA

BOMBAY

CALCUTTA

CANTON

CAW NEVIRE

CKBO

COLOMBO DAIREN (Daly

Bouth Manchuria) DELA1

HAIPHONG

HANDBO

HARDIN

„EN...... Manchuria? IN HON

HALO

RABACIEL

KLANG

Ko

KUALA KANGSAR

KUALA LUMPUA

KUCHING

MADRAS

MANILA

MEDAN KEW yang PEKING

PESANO MESHAWAR RANGDON

SATON

HEMATANO

SEREMBAN

SINGAPORE SOCHA HAYA TAIPINO

#F.M.M.)

TIENTSIN

TOKYO

TONGKAH (Dukett

YUKOHAMA

TRIKOTAÐ

ZAMIWANDA

~(Philippina Islands)

A. H. FERGUSON.

Manager. Hong Kong, 8th January, 1920,

THE HO HONG BANK, LTD. (Established 1917)

THE CHINA MAIL,

COMMERCE

RUBBER MARKETS |OF LONDON & U.S.A.

WIDESPREAD EFFECT OF HATRY DISCLOSURES

A WEEKLY REVIEW

FEELING AGAINST FORWARD SALES

levels.

AND

FINANCE.

WEDNESDAY, OCTOBER 30, 1929.

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Oct. 24, June, June,

1920. 1018. 1914.

Cis. Ct. Cla.

30 28 11

Poultry.

Capons, Small ....... # 2

Capons, Large

-

23 12

11

28

22

Duck

24 20 18

15. 4 % R

28 24 12

*Chicken

Primo Cat Corned Roast

Breast

Soup

Steak

+

Steak, Sirion

. Sausages Ballock's Brains .....

Tongue, fresh

withstanding the increase in Lon-Beef Sirloin don and Liverpool stocks proving to be much more than had been anticipated, This increase in the London stocks for the week 2,250 tons and in Liverpool 1,120 tona. making a total in both places 3,870 tons. After lunch the market tarned stil weaker and the 30 official report gave the market casier at the following prices: Spat and September 10,5/10d., October 10.8/10, October/December 10.7/18, January/March 10%, April/Juno 11,1/16 January/December 11%d. The Singapore market came over dull with sellera

of spot at %d. Hard Para

and spot was 10%. Mincing

Lane prices hardened 1.1/164 before the close of busi neax. The New York rubber manrket close steady 20 points down to unchanged. The total of the rubber share market was decided- ly weak and this was assisted by sales from Amsterdam. The big increase

stacks of raw rubber also helped to depress the enti ment all round. Trusts for a fur- ther 6d. in 42/2 and As Dutch . to 36/6 Allied Sumatras were sold rather heavily from Amsterdam and changed hands at 18/~ The Market opened on Tuesday with a very quiet lone in sympathy with the overnight tendency in New York. Inltini buyers prices in Min. cing Lane were 1/161. below Mon- day's final levels. Spot and October were quoted buyers 10.3/16d. There was quite a good trude dong during the morning and by mook all quota- tions had recovered to the prices rul- ing at Monday's close. After lunch there was not much doing and prices ometal report at 3.30 gave the market were again inclined to droop.

as being dull and unchanged at the following prices. Spot and Septom- her Sellers of Spot and September 10%, October 10,5/16, October/De- cember 10.174. January/March 10%. At the rating of Acavo (Ceylon)

April/June 11.1/16d., January/Decem-Sucking Pigs, to order F Rubber

Co. the chairman, Mr.

ber 11d. Hard Part on the apat Seet, Beef W. A. Addicell atated that he

per were quoted 10d. marvelled at the ability of our

Singapore was reported quiet with Rubber growing leaders in bring

sellers of spot at 94%. The New Yea ing about

soine system of or"

York market came over rather casier selling ganising the

and put-but no further change took place in ting an end to the custom of for Mincing Lane up to the close of the ward sales, which has had such an

busincas.

New York finished quiet influence on the whole industry.

and easier but the official reports were steady and unchanged to 10 Barbel points lower.

register 350 Bream Sales

The market opened on Thursday, September 21 with a

a very steady tone, and initial buyers' prices were Foreign Exchange and General unaltered fron Wednesday's closing A small but steady trade en- Banking business transacted.

advanced 11/16d. for Current Accounts opened and Fix-sued and prices

After lunch ed Deposits received for 1 year or Spal and September. shorter periods at rates which will the market further hardened and a general advance of 1/16d. took place. be quoted on application.

The official report of the Rubber Trade Association at 3.30 gave the market stessi r at the following prices. Spot att September 10%, October 10.7/16d., October/December January/March 10% d.. __100/104.

April/June 11,3/16d, January/Decen- ber 11.5/14. The Singapore market was reported quiet but stendy with spot 0 allers: New York came over slightly higher but there was .$20,000,000 no further advance in Mincing Lane 8,000,000 values up to the close of the day. 4,000,000 Harl Para on spot was quoted at 10% per tor. New York finished the 1,000,000 day with a very firm market 10 to 2,219,000 40 points up. There was a certain amount of liquidation in the rubber ahare market on the stock exchange due to the general apprehensions at- tending the Hatry's disclosers which will have widespread effect. Rubber Trusts in consequence "were pressed for sale and gave way 9d. to 44/3. Allied Sumatra were done at 49/6 and Anglo-Dutch varied fram 37/3

Authorised Jasuedi

CAPITAL,

Paid-up Reserve Liabilities of

Shareholders Surplua

HEAD OFFICES:-SINGAPORE. Branches, Agencies and Correspon dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager. Hong Kong, 15th May, 1029.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Talpuh, Formosa,

Incorporated by Special Imperial

Charter, 1899.

to 18.

Central Bank in Formoen. Das Hose und Average siRQUOT .....KON. 10,000,000 BRANCHES AND AGENCIES:

·JAPAN :---Tokyo, Yokokaina, Lobo, Osaka, VORMOSA :——Ĝuan, hagi, Karenko,

lots. Kalung, Manos. Nanto, dinclike, Tlahu, Tina. Takao, Tamaut, Hello, Taiko. CHINA:-Shanghai,"

Ámoy. Foochow Huw, Cantu, OTIES:-ong Kong, Blagape, Borbe

Remarang, Patavin,

Celule

Hanko,

Anime Fund

Head Odion:-(ARNOLADAM”). Avorio Grad ODɑ:~BATAVIA, WILANCIERIS:-Bandjeftati Haurorug') Bombay, Caleitia, Clunbos. Djalaber, Djoki jokacia") The Haguen“), Fadilahi, Kobe, Kota-Eadje, skärsai, Medan, Philang

Такхондан, Подав

Lendas, New York. Daizon. Hapgoo Botterdam'),

_LUNDON BANKERS: Bamang'}, Hanabas, Siboire The London County Westminster mad. Pser's Bask.

The Babes Correspondenta in all the prio alpal Commercial Centre throughout the world.

K. NAGUZA.

I'

j'onuwank,

(uma),

blogspor, Scars bais, dossakarsa (Bo). Tagal, Tjiljop and Wolterral boxes to Lib. "Theme favel London Bankers:-National Provincial Bank Ltd.

Dermpaqúolle all over the world

Basking business of atory Camcription-transacted,

HONG KONG BRANCH!

Bombay,

Maunger.

8. VOLLE Rond Central, Hong Kong, ikh January,

Hangar.

P. H. ELLERG

long Kung, 9th May, 1929),

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

16, Boulovard Haussman, Paris.

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

BRANCHES: Bangkok Hong Kong Quinbon Battambang Ho Saigon

Mengtze Shanghai

Cautho

Canton Nam Dinh Singapore Djibouti Noumea Thanhaa Tientsin

Fort-Bayard Papeete

Haiphong

Hankow

Itanoi

PekingTouraze Pann-Canh Vinh Pondicherry Yunnanfu BANKERS:

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

ciete Generale.

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

IN NEW YORK: J. P. Morgan & Co. French American Banking "Cox- peration; Guarunty Trust Co. of New York.

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.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Katablished 1880,

Capital (fully paid-an) Yon 100,000,000 Réserve Fund

Yaz 108,600,000

Head Office:-YOKOHAMA.

Alexandria

Batavia

Bombay

Buenos Ayres Peking

Calcutta

Branches and Agencles at:

Newchwang Now York Osaka Rangoon Rio de Janeiro Balgon 'Dairen (Dalny) San Francisco Feastien (Mukden) Bestila

Semarang

Canton Changchun

Hamburg

Hankow

Harbin Hong Kong Honolulu

Kai Yuen Karachi

Kobe

London

Los Angeles

Lyons

Kanila

Nagaanki

mereseki Singaporó Boerabaya Sydney Tientaln

Tokyo Trinantu Tsingtau Viadrostak

(Temporarily closed) Hong Kong, 1st May, 1929, Nagoya

counts.

Interest allowed on Current Ae Deposits received for fixed periods at rates to be obtained on application,

H. MORL

Hong Kong, 11th September, 1929.

or

Ib.

The

21 20 18

Doves

Eggs, Hen (cooking)..

Eggs. Hen (fresh)

Fowls, Canton ...

28 24 22

36

80

$5

H

3:2 26 30

per set 16

12

Geese Pigeons,

tách đo 50 80

Fowls, Hainan

Canton

Hoihowe

Turkeys, Cock

Turkeya, Ben

肥粉链

#

נו

Oct. 24, June, June,

1920. 1918. 1914.

Cia. Cit. Ct.

b. 46

40 28

55

**

tr

32

22

Aench 25

*per doz. 4

新鲜鸡盗

16 11

lb. 60

AR ZEEBE DEKESSER

དམྨེ ན ནསྨིཾ དྷ༅ ཋ པཏྠུསྨིཾ

ORB

梅根肥都班鸡析海鹅白海火火沙山感

to

32

45

each

50

32

tb. 80

72

20

pair 2.00

each 20

80

Qual Partridges

Fruits.

* E. lb.

Apples (California). U

Almenda

Ba88) |} |}

GO 35

22 24

Б

18

Feach 13

10 A 16.

金山檸檬 each 10

บ

Tongue, corned

60

load

..$1.20

-$1.20

Ꭸ

Heart

ib.

28

14

Hump, Salt

84

18

Feet

each 10

12

Snipe Pheasant

Lidneys

4

15

12

P

Tuil

*

23

22

Liver

24 18 11

Tripe

8

7

Calves' Hand & Fest Mutton Chop

set $1.20 $1.00 $1.00

lb. 42

Leg Shoulder Saddle Pig's Chitiange

42

40

T

46

Bananas (bride's)

30

27

兆山香燕

Braina

Feel

Corambola

Per set 3

12

[M.

Coconuts ...

#

椰

#

H

w

Fry

18

**

Lemons, China .......

Read

Lemons (American)

11

Heart Kidneys

euch

10

8

Licheen, Dried

荔枝干 16.

Liver

1b.

24

}

Orarges (Canton)

新食码推

"I

23

11

Oranges

10:

70

Peurs (Canton)

沙

A

18

1

Peanuta

*

4

11

13

70

Persimmons, Large

AI

Kli

8 77

Plantain

12 10

*

繼

5

26 26

Pumelo, Siam ....

teach 14

12

b.

2/2

Walnuts

合桃lb.

18

18

Grapes

IF

45

20

26

20

Pork Chop

Leg

Loin

Fat or Lard Sheep's Head & Feet.

Heart'

+

+

Kidneya

Liver

"

Mutton

H

Suusage?

Nu

Fish.

Canton Fresh Water.

This is matter which has been engaging the attention of the rubber growers Association for some months, and it is a matter of great surprise

EFFECT OF HATRY COLLAPSE in the market generally that no de-

The Rubber Shore Market was finite

necurate steps have yet been

very dull and uninteresting and there taken-by-them. The market opened

Carp was a small amount of stock, on on Friday with a strong tone reoffer due

niostly to liquidating Catfish flecting the advance on Thursday in spheres in connection with the col Codfah New York.

lapse of the Hatry Co.

Crabs The murket opened on Wednos

Cuttle Fist day very steady with spot at 10%d, and a fair business

was Dab done up to noon. Shortly after Dace mid-day there were rumours in the Dog Fish market

shipments from Eels! Conger

More buyers were noticed than for some time past and by noon values had hardened 1/10d. in all positions. Spot and September being quoted 10.7/16d. There was not much busi- neas done after lunch but business kept quite steady.

The 3.30 Official report gave the

THE BANK OF CANTON, LTD. following sellers' prices. Spot and

Established 1912,

Head Office:--Hong Kong.

Authorleed Capital (11,K. Correo11,000,000

vid Up Capitale Hover Fund

6,861,200 B50,000

BILANGUES:- Canton, banglal, Hasko. Bestow Bangkok, New York and Best Francis

LONDON BANKERS :-

The Lloyd's Hank Louted. Correspondante in all principal alline of the

World.

Persija suchungs and iwaklaş business of Ter description "tranencies.

Rafe Deposit Boxes (various siran) at a yearly rental o from $5 to $40,

LOOK POONG SHAN,

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

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential

on

HEAD OFFICE; PEKING.

HONG KONG BRANCH:

*

$ $ 5

牛羊仔

tp

1982282888RRRRAASN 18a 8 - ≈ 9 Ra89|! *********************

1er set 90

each 12

П

10

1b.

屁

į

Fish

J

BT

AXI

"

Fresh Water

€1

Yellow

that Malaya for September would again be on the heavy side in all prob. ability over 50,000 tons. This sent the market back 1/16dta Kd.

d. Froge The 3.30, official report per lb. made the market easier with

Garoupa sell- ers af spo! and September Gadgeus 10.3/16d., October 10%d, October/ Herrings December 10%d.,

January/March

Halibut

d., April/June 10.15/16d, Janu- ary/December 11.1/6d. The Singe Labrus

reported casier Loach pore market was with sollers of spot at 94d. Hard Lobsters Para

on the spot was quoted 10%

York cume over

Mackerel

September 10 %d. October 10.7/16d., October/December 10.9/10d, January/ March 18.15/16, April/June 11,3/10d. 11.5/104. The January/December Singapore market came over dull but sellers still asking 976d. Hard Pára on the spot quoted 10%. New York me over practically unchanged and prices in Mincing Lane remained steady at the close without further change. Lordon Stocks are expected to show a rise of 17,900 tons on the week while in Liverpool an increand of 7,000 tons was anticipated. The New York market

arket closed steady 10 Sales points down to unchanged, dealt in on this exchange on any one.

lots. This is more than has been 951

day for a very considerable time. Rubber shares were still on the weak side although there were no selling

one. No public announcement has Pomfret, White pressureof

Very pronounced nature. Trust gave way Od. to 42/9 yet been made by the Rubber Grow Pomfret, Black

ers' Association with regard and Anglo Dutch were done at 97/-,

put: Prawas lapse were accountable for this fur- The Repercussions of the Hatry col-ing into operation any schomo of

rostriction. The principal feature Ray

ther decline.

4

New slightly easier

and Mincing Lane Monk Fish market closed weak at 1/16d, under Muhet the 3.30 prices, New York finish Oysters ed 10 to 30 points down; sales re- gistered 234 lots.

The

GENERAL POSITION-

rubber share

Porrot Fish

Perch

market has Plke been an uninteresting and uneventful Plaice

has been the rumour of much high-Rock Fish er shipments again from the East Ranch but this has yet to be substantialed. Jamon Whatever the amount may be it will Shark not effect the general position. The World's stocks continue to decrease Skate and

it is noteworthy that the in-5heimpo crease in stocks has not materially Snappe affected prices. With each recession Soles In price fresh buyers came into the Tench

market both from the trade and from

鼠肚 水 *--*e* $ gakezusso-REDESSNETUSGEVEGASA 質酸海寅筒石將黃烏茲仁濟能怨恨他班白恐助石馬沙蝦立尤左 K

as

#

** 9**9**7¬~*~**6 ~ * * * * ***********¤ a ⠀ ÷ ÷ a að

**

10

20

16

**7

Vegetables, &c.

Artienukes

Bus, Sprout

Long.

Beet Rout

1itor Higinni

Drinjals, Green

Red

Cabbage, Chinese

(Medium)

Celery, Chinese

Chilton. Dried

Red

Greco

2885183339

12

10

10

26 30

B

25

30

ཋ སྨྲ ཋ ལཱ བྷཋཋ། ༷ | གླê;。་ ུ

སྐྱ; "! ཱཿ ྤ ཡྤྱིཥྛཿ } ། |2 ༞ =སྟྲ}|

28 18 19 12 1 1 9 9 |

10

14

12

1

鵜芝竹 each

12

6

12

H

12

€

24

BREZNEZAROKTAGS: CREEDEN A

BASH

竹檠气瘿瓜瓜瓜菜菜笋花花花笋茶千桜椒面料 米公路路

Curry Stuff, English.... 39nti)#

*

7

8

8

20

12

T

10

each

6

16

* | | | | ❤ ❤ | | | | | | | | | ∞ ∞ ∞**"

烹隙 16

16 27

1+

12

D

(Shanghai) 46.

18 17

さ

23 20

Cane Shoots, bunch Cauliflower (Large)

大郎茶

10 27

tr

23

16

(Small)

20

Carrots

16. 8

E

10

10

6

16 -

25

10 13

機

25

10 16

26 30

14 B 12

32

25

ไป

8

44

30

Cucumbers

6. 2

22

18

Garlic

10

&

13.

23

Ginger, Young

14

7

18

15

ota

10

10

82

18

Borgeredish, Shanghal

30

8

22

24

Indian Corn

8

45

H

32 21

Dettuce

THE A

8

1

20 20

Water Chestnute.... ily

8

13 2

Mandarin. W

10

8

it

12

Mushrooms, Fresh ... # #

11

50

B

14

9

Okroes

12

1

10

>

38.

20 16

Onions, Bombay

# # va

8

8

16

9

Green

8

4

26 20

Shanghal

36 30

Parsley

上海您頭 煌

6 t

榮

12

30 60 8

36 46

Potato, Sweet

$

10

14

Japanese

日本薯仔

**

10

14

American

金山警仔

18 18

Pumpkin

*

22 10

Radish

紅杏仔

86 80

Rhubarb (Fresh)

*

Я

10

Shallots

10

10

10

Spinach

0

82

80

Tomatoes

茄

10

62

26 **85

8

7

34

28 28

Б

6

32 22 18

Vegetablo Marrow

€

4

左口

**

32 18 12

Water Cress

€

0

,, 1.05

40

-

Water Lily Root

選

6

21

Taros....

Turnips, Punt (Leng)

Mandate of the Republic of China

22nd of November, 1917.)

BRIGHTER DAYS AHEAD At a meeting of the Amalgama- Authorised Capital....$00,000,000.00 tion Finance Co.,

Mr. James Pald-up Capital

18,278,800.00 | Fairbairn stated that whilst con- Reserve Fund

9,020,425.24 sumption figures were extremely satisfactory shipments from Malaya have unfortunately been much more than expected. The day will come when rubber will right itself. In the 4, Qucen's Road Central.

meantime some form of co-ordinated selling among the larger agency Branches and Sub-branches all over China and Correspondents in Europe, houses will be beneficial to the in- America and other parts of the world. dust

dustry and, as he had often before London

time has come for them to begin to Bankers: The National suggeated, further amalgamation of

build their stocks.

up Provincial and Union Bank of Eng. the small re-units. It is apt to be

is import. Nothing fresh has been publicly was 94% and at that rate the bal- if Yap Cheng-hock did so, he did not

announced with regard to the de- ing, far less rubber than is sufficient

ance due, or the difference between do it on behalf of the firm, to keep pate..

liberations of the Tin Producers' As the contract price and the price on official import The

sociation which aro being presided May 27 was $3,107,60. That was the July for example amounted to less

over by Sir William Peake, C.V.0. than 360,000 tons but the consump

amount claimed. tin for that month was 415,000 tons.

land, Ltd

The Guaranty Trust Company of New York.

New York Bankere:-The Irving National Bank.

The Equitable Trust Company of

New York

Interest allowed ou Current Ac- counts and Fixed Deposits. Terms on spplication.

Every description' of Banking Busi- ness transacted.

Loans granted on approved secur. ities.

Special facilities for Home Ex change.

SHOU J. CHEN,

Manager.

overlooked that America

for

The market on Saturday was very quiet and there was a small' attendance of buyers or sellers. Prices remained unchanged through. out the morning. Singapore came over dull but steady and New York closed unchanged to 10 points down. The Market opened Monday, September 23 fractionally Saturdays final levels. Spot and September were 104 and 5/10 sellers and values remained steady at this lovel' until noon.not-

below

THE BANK OF EAST ASIA, LTD.¦ THE MERCANTILE BANK OF

HEAD OFFICE: HONG KONG. 10, Des Voeux Road Central, Hong Kong.

Authorleed Capital

Paid-Up Capital

Reservo

Batavia

Calcutta Canton

Haiphong Paris

$10,000,000 5,000,000 1,500,000

INDIA, LTD. HEAD OFFICE!

Subscribed Capital

15. Gracechurch Bles, London, B. 03. Authorised Capital £3,000,000 1,800,000 ....... 1,050,000 Reserve Fund and Rest 1,012,047 BANKERS I The Dank of England & Midland Bank, Lid DHANGIES,

Paid-up Capital

BRANCHES AND AGENCIES:-

Melbourne San Francisco Bombay Nagasaki Seattle

New York Bomarang Osaka Singapore

Bombay Bourabaya Peiping

Sydney Penang Taipeh Rangoon Tientsin

Tokya

on

Now York Penang Port Loula Mauritius) Rangoo

Bagh flowrah Batavia

Dalentia Karachi Collombo Kata. Ehun

Kuala Lumpur Kuantan (Pabang) Starpees Sovralmyn

Delti Guile Hong Kong Madra

Shanghal

Binta

·HONG KONG BRANCHL

the general body of operators and Turbot

it is felt that manufacturers general- | Turtles, smail, ir. water

ly are beginning to realise that the

CHINESE FIRM- SUED

BY BANK

DISPUTE OVER AN EXCHANGE CONTRACT

SINGAPORE LITIGATION

In a suit before the Chief Justice (Sir-William Murison) on October 16 in which Chop Eng Hong were sued by the Hong Kong and Shanghai Bank for damages, for alleged failure to complete an ex- change contract, the defence was raised that the contract was entered into by one of the two partners without the authority of the firm, and not. on behalf of the} firm.

Delivery Extended

Mr. C. P. Smith, for the plaintiffs, aald the defendants entered into two telegraphic transfer exchange con tracts,

Partner's Defence Proceeding, Mr. Smith said the de- fence was by Yap Ylow-tiam, who stated that he and one Yap Chong- The business of the firm was that of Bank, the

瓜

UNCLAIMED TELEGRAMS,

THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH CO., LTD.

The following unclaimed tale- grama

are lying at the E. E

hock were the partnera in the firm. into such contract with the Ho Hong Telegraph Co. office, Hong Kong:-

RUBBER SHARES Operators Waiting For Some Fresh Move

A fair amount of interest is apparently being taken by manu facturers and dealers in overseas markets; while speculators are inclined to support the market in a small way, probably hoping for successful results-from the meet- ing of 'Dutch planters.

Share business was again on a very small scale and operatora appear to be waiting for some fresh move before committing themselven further Special Nows Bervice.

Reply Filed Mr. Smith Kald plaintiffs filed a reply to the defence, and the reply was that defendant firm had enter- ed into previous exchange contracts, and all such had been honoured; alse, that the defendant firm had entered Overseas Chinese Bank the National City Bank of New

auch all

contracts were York, and algned by Yap Cheng-hock. All the benefits of previous exchange con- tracts, signed by Yap Cheng-hock were enjoyed by the Arm, and Yap Ylew-tiam, the other partner, could not now come forward and attempt to deny a contract,

The main lasue would be whether the business which defendants would normally cover included, exchange contracts in Shanghai taels.

Photograph of Bign Board Evidence on which the plaintiff's would rely would be the note paper of the firm, on which they described themselves as Chinesa bankers,

and

Dormer, passenger, 9.8. "Morea," Peninsular, from Tientsin.

Getzdem, from Singapore. Capt. E. Godinez, 'from Manila. Lonatcom, from San Francisco. Čiley, from Shanghai,

S. LACK,

Superintendent Hong Kong, 24th Oct, 1929.

THE GREAT NORTHERN TELEGRAPH CO., LTD.

OF DENMARK /

a photograph of the signhoard of the business premises, which signboard

The following unclaimed tele- stated that the firm, would undertake grams are lying at the office of the exchange business between Singapore Great Northern Telegraph Com.

and various named places in China.

Chia Dong-young, Ligation Drug, Wantasi, from Kobe. Hardivilliers,' "Atauta from Shanghai,

Maru,"

Richard Curry, s.8. "Gdoam," from Kobe.

That signboard, counsel was instruct-pany (Limited) of Denmark; ed, had been removed recently, but that was after the photograph had whereby they agreed on produce and general agents, and the been taken.

Another point which would bo February 20, 1929, to purchase from firm had relations only with Singa-

re- the plaintiffs 40,000 Shanghal tasla pore, Jaya, Borneo and Rangoon, led on was that the contracts be then at the rate of 89.80 1-10, delivery but had never had relations with any tween plaintiffs and defendants were two months; and on April 9, 1929, to business firm or corporation in Hong delivered in duplicate, not under purchase 20,000 Shanghai taels at Kong, Shanghai or any place in cover, and handed by the bank's om- the rate of B1, delivery one month. China, and, further, that it was not ployee on some occasions to the part.T. P. Taflong, Shangwan, from At the request of defendants the within the scope of the business to nor who now denied ability, and Kobe.

entor into exchange contracts. Yap, handed by him to Yap Cheng-hoek. time for delivery was extended to May 27, 1929, but defendants failed View-tiam had no knowledge at the Mr. O. P. Burke is, appearing - for to take delivery. The market rate time, that Yap Cheng-hock had en- defendants. for the purchase price on May 27 tered into an exchange contract, and,

Honolulu Kobe Kowloon

Saigon London. Marilla Shanghai

Correspondents in all principal businers wanted.

Erary description of Banking and cities of the world.

Every description of Banking and

Travellers Cheques. Issued. Exchange business, transseted. Loans taken.

Trustee and Executorships. „undér- granted on, approved securities,

INTEREST-weds Ourens cette and SAFE DEPOSIT BOXES ta lut. Azad Depecile at Rate the may be sacertained

on application. KANTONG PO,

“C.-L. C. BANDEs, Chief Manager: 7, quero's Hood Cenizas

The hearing is proceeding.

F..E.. A WORSOE,

Acting Suprintendent. Hong Kong, 17th Oct., 1929.