1929-12-07 — Page 2

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HONG KONG AND SHANGHAI

BANKING CORPORATION...

Authorised Caplist o

600,000,000

Issued and Pully Pald-up $10,000,000

ästerte Funda zem

ring

Bülər

,000,000 ||16,000 DON

Besarva Liability of Proprisions ..... $20,000,000

BEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS:-w

W. H. Bali, Bag,

Chairman

1. A. Phumor. Eat. Deputy Chairman.

B. D. P. Balth, Hag.

a. H. Compton, Esq.

i. T. Jakuzon, Esq.

B. Lander Lewin. Eng.

AMOT

BANGKOK

BATAVIA

OUMBAY

CALCUTTA

JANTON

HELPOO

HOLOMBO

NANITO

KOODING W

HAIPHONG

HAMBURO

W. 1. Paitandam, Maq,

T. B. Pears, Pag.

T. 11. R. Sław, Kaq,

3. P. Warren, Esq.

China Madagat.

flos. Mr. A. C. llysan.

BRANCHES ---

LONDON I.YONB MALACCA MANILA

MOUKDRY

NAGASAKI

NEW YORK

PEPING

PENAND

IANDOON

BAKON

NAN FRANCISCO

MANKOW

KUANGHAL

BARBIN

„LINGAPORE

JONUKAW

SURABAYA

1201

SUNCKI PATANI TERNTHIN

JUBUBE

TOKYO

LODY

TANGTAO

KOWLOON

CALA LUMPUR

YOKOHAMA

Current Account opmond in Local Garmacy sad Pid Deposite received for cae your Di andler parrote in Local Cuneuty and Sterling term which will be quoted on apploati IN AA, 231: Tetrai, liều

HONG KONG SAVINGS BANK,

The Banizes of the above Back Le condues.

4 by HONG KONG AND BHANGHAI BANKING CORPORATION,

abtalond as syplication.

Bules may be

FOR THE ANG XOND & SHANGHAI BANKING CORPORATION.

A. HINKS,

Chief Manager.

Hong Kong, tch Reptember 1921.

NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOMETI)

DANKERS.

Established 1824.

Hong Kong Oslon:- Queen's Road Contrai.

Authorised Captial

d-Up Capital

Kontre Fund

........................

..............

Gulider 180,000,000-

LE 11,800,000.) Buth 80,000,000

(28,658.967.)

Riders 40,000,000

(20,683,523.)

Lead -MSTERDAM"). Lastar load Dios :-DATAVIA,

ARANCHES:-Badjenula Bandong"), Boubay,

Calzata, Überizon. D'aming, Djok- Jakarta') The Lagos"), Jeddah, Kobe,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Tacorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Pald-up Capital

.£3,000,000

Reserve Fund

£1,000,000

Reserve Liability of Proprie

tora

.£3,000,000

Agencies and Branches:

ALOR STAN

KUALA LUMPUR

(Malay Niton)

KUCHING

АМПИТЕЛЯ

MADRAN

BANGKOK-

HATAVIA

BONDAY

MALOUTTA

CANTON

DAWNTOBE

CLAU

COLOMBO DAIREN (Daley

Routh Manchuria) DELHI

HAIFUONG

HAMBURG

HANKOW

ЦАЙВЕН

(V. Menchuria)

HỒNG YONG

12004

IPOLI

КАЗАСНА

BLAND

KOBE

KUALA BANDRAI

Park (2.3.19.)

MANILA

MEDAN

NEW YORK

PEKING

PENANO

PERHAWAN BANDOON SAIOON

BENARANO HEREMBAN SHANGHAI SINGAPORE BOURADAYA TAIPINO

TAVOY

TIENTSIN

TOKYO

TONOKAH (Blanket)

TNINOTAD

YOKOHAMA ZAMBOANGA

NEW HOTEL FOR

VANCOUVER

THE CHINA MAIL,

COMMERCE

AND

-FINANCE.

LONDON BULLION

MARKET

MAGNIFICENT BUILDING FOR MESSRS. SAMUEL MONTAGU &

CANADA

COST G.$8,000,000

The final profile design for the $8,000,000 Canadian National Hotel has been approved by the Van- couver City Council and disclosos that the structure being erected on General Burrard and Georgia Streets is to be

(Philipplas islanda)

and

Foreign Exchange Banking business transacted.

CO.'S REPORT

GOLD RESERVE

The Bank of England gold reserve against notes amounted to £129,120,543 on October 2 (as compared with £131,987,837 on the previous Wednes- day), and represents a decrease of £24,785,772 since the 29th April 1925

17 storeys in height. That the build-when an effective gold standard was

resumed. be a decided addition to

Current Accounts opened and Fixing will ed Deposits received for 1 year or Vancouver's rapidly advancing sky- shorter periods at rates which will line is indicated in the announco- be quoted on application.

ment that the beautiful French ro- naissance style of architecture is to be adopted.

A. H. FERGUSON,"

Manager. Hong Kong, 8th January, 1929.

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

CAPITAL.

Authorised Issued Paid-up

Reserve Liabilities

Shareholders Surplas

The prole plans, embodying an additional sixty-four feet to the ori ginal 200 feet of the structure and certain changes in floor and room ar rangements were brought to Vancou ver by Mr. John S. Archibald, Rail- ways architect. Revision has taken place in the hotel plans almost con- stantly since the project was first $20,000,000 considered, but Mr. Archibald con- 8,000,000 siders that future changes will only 4,000,000 be in minor detall.

The profile, it is stated, will remain 4,000,000 unchanged. Addition of two storeys, 2,219,000 making the hotel seventeen instead of afteen storeys high, as originally planned, and the addition of a sixty- four feet sloping chatenu roof were approved.

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 HOOI,

Manager. Hong Kong, 15th May, 1929.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

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

Charter, 1899.

Central Bank in Formos. Bank-Note und Avenge amount Yes. 18,000,000 BRANCHES AND AUENCIES: JAPAN=10870, Yokohama, Kobe, Osaka,

PORKOSA:-Olen agi

Kestung,

Karoke alo, bhlachiku, Takat, Talan, Tamani, Toan, Hello, Ta DHIINA :—Shanghai, Hauhow, Amor. Foochew.

Hwatow, Canton

OTHER:ong Kong. Singers,

Bemarang Datavia, Bombay, London, New York, Dalan.

LONDON DAVEENSA

Boarabaya,

Calcutta,

Solarkads, Malsaar, Modas. Fudang The London County Wasilar and Parr's Bank. Talambang, Pekalong Pontianak goon, Botterdam”),

Scarabe

The Bank has Correspondante in all the prla-

K. NAQUEL

Barbarang) Bhanghal, Bolaipal Commercial Centre throughout the world. Sea Blagaporn.

(Sola Ters, Tilabad and Wallsvredsa.')

* Thaen offione bare safe deposit borse to le

Landon Etankers:—National Provinsial Demak 144.

Forodects all over the world

Banking businnan så avsty description transacked.

P. M. ELBERG

Long Kuor. Tith Muz, 1929.

Manager.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris,

Subscribed Capital Frs. 12,000,000,00 Paid-Up Capital ...Fra. 68,400,000.00 Rotarve Funds ....Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon

Šaigox Battambang Hac

Shanghai

Thacher

Cantho

Canton

Djibouti

Halphong

Hankow

Hanoi

Mengtzo Nam-Dinh Singapore

Neumea

Peking

Fort-Bayard Papeete Tientsin

Тоителе

Prom Penh Vinh

Pondicherry Yunnanfu BANKERS:

IN FRANCE: Comptoir National

d'Escompte de Paris; Credit Lyonnais;]

HONG KONG BRANCH:

52 Voux Road Casinal. Hong Kong, 19th January, 1929.

Manager.

THE BANK OF CANTON, LTD.

Established 1912.

Hend Once-Hong Kong.

Authocleod Capital (H.E. Qurrency} ......$11,000,000 Pald Up Capital Res Fond

BRANCHES — Canton, Shanghai, Hankow, Asemite, Bangkok, New York and San Franmana

LONDON BANKKBS |-

World.

The building will be a series of pyramidical setbacks, culminating in the sloping roof which will be the equivalent of hetween two and thres additional storeys. The pitch of the roof brings the structure into con- formity with the genuine French re- naissance style of architecture.

8,504, 200 850,000

IN

The Lloyd's Baris Limited, Correspondente in all principal cities of the Folgu uxchange and banking business of every description "transactel.

Bala Deporis Bozma (various slasa) ak a posily rental of "from to $40,

LOOK POONG SHAN,

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

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential

Banque de Faris et des Pays-Bas; Mandate of the Republic of China

Credit Industrial et Commercial; So eleto Gonorale.

on, the 22nd of November, 1917.) ·

....$50,000,000.00 18,278,600,00 0,629,425.24

IN LONDON: The National Pro-Authorised Capital vincial & Union Bank of England, Paid-up Capital Ltd: Comptoir National d'Escompte Reserve Fand de Parla; Credit Lyonnais.

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

Interest allowed on Current Ac-

counts and Fixed posits according to arrangements.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let

A LECOT,

Manager.

Hong Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880,

Capital (fully paid-up) Yen 100,000,000 Reserve Fund .Yen 108,500,000

Head Of YOKOHAMA,

Branches and Agencies at:

· Alexandria

Batavia Bombay

Buenos Ayres.

(Temporarily closed).

Calcutta

Canton

Dairsa (Dalny)

Nagoya Newchwang

Now York

Osaka Paking Rangoon

Rio de Janeiro Baigon

Fengden (Mukien) Beattle.

Hamburg

HARKOW Karbing

Honolulu

Ban Francisco

Semarang Shanghai Ghimopoli Hingapore Boerabaya Bydney

Kirschl Moberly

anfu

Angeles

FIEAD OFFICE: PEKING.

1

HONG KONG BRANCH: 4, Queen's Road Central

General Enoch H. Crowder, war timo draft law administrator and subse quently United States Ambassador to Cuba, who, according testimony given before the Seante Labby Com nilttee, by Herbert S. Lakin, President of the Cuba company, had received “A small stipend from Bime Cuban mills” to act as a go-between with the best sugar producers in America.

LOCAL SHARES

Benjamin and Potts' Weekly Report

Messrs. Benjamin and Potts, local share and general brokers, in their weekly share report dated yesterday

stato:-

Business on our local market has

About £816,000 of bar gold from South Africa was offered in the open market. Owing to the more favour- able tendency ot the exchanges

towards sterling following the rise in the Bank Rate there was little com- petition; the gold was disposed of at 845/10.1/24 por fine ounce, the Bank of England securing 2880,000. Of the

Home trade remainder the

took £50,000, the Continental trade £70,000 and India £30,000.

The following movements of gold to and from the Bank of England have been announced showing a net influx £1,013,205 ring the week under review:-

October 3

Recolved Withdrawn

3,004 1,004,047

£12,000

13,736

2,000

25,800

650,600*

Included in the amount received on the 4th instant is £1,000,000 in sovereigns from Australia.

The following Were the United Kingdom Imports and exports of gold registered from midday on Septem- ber 30 to midday on October 7:-

Imports

British West Africa ...£ 27,707 British South Africa .. 809,491

Austria

France

1,000,000

3,307

£1,838,605

Exports

Germany

£ 61.320

France

2,698,197

Switzerland

42,010

Egypt

54,776

British India

40,670

Other countries

10,085

£2,007,598

Silver

The silver market has been rather quiet but the tendency has continued weak. The moderate amounts offer- ed served further to depress prices, a still lower level being reached on the 8th instant when prices were quoted at 22.15/16d. for cash and 23.1/16d. for two months' delivery respectively. Selling has again been general, both the Indian Bazaars and China being disposed to offer silver, whilst America has been willing to sell on most after- noons. Apart from bear covering there has been little support and there are no present indications of any im- provement in the demand.

The following were the United Kingdom imports and exports of silver registered from midday on September 30 to midday on October 7:-

Norway U.S.A. France

LIFE INSURANCE

Popular In Spite Of Depression

Despite the general depression, the number of policy holders as well as the insured amount with life insurance companies throughout Japan tends to increase, says the "Osake Mainicht," The number of polley holders of the leading 42 life Insurance companies totalled 6,179,000, and the inanred amount Y.1,144,410,000, according to the

investigations as on August 81. The net increase in the number of policy holders during August was 23,000, and that in Insured amount Y.61,399,000.

The conditions at the end of August are shown in the following table: Kinds of

Insured

insurance Policy Holders amount againet

Imports

.£ 42,855

10,424

26,272

Irish Free State

26,000

Mexico

186.010

British West Africa

21,950

New Zealand

10,000

Canada

10,042

Other countries

6,699

£338,252

Exports

Life Age

Germany....

£28,827

Conscription

Irish Free State Egypt

12,749

30,770

80,971

The

9,770

£156,090

British India Other countries

(Unit Y.1.000) 4,954,000 6,407,619

230,000 146,899 592,000

549.923

Total 6.170,000 7,144,442

premium

received during August totalled Y.25,427,000, which was, an increase of Y.3,063,000 over the same month of last year, the payment of insured amount totalled Y,0,705,000, also an increase of Y.389,000. However, the policies can- celled totalled Y.2,380,000, which was same month of last year.

been fairly active since the date of THE NATIONAL CITY BANK OF Home Y,568,000 less than those in the our last report and most stocks can

The Equitable Trust Company of covered son.hey have, however, ro-

Branches and Sub-branches all over China and Correspondents in Europe, be placed at quotations. America and other parts of the world. Banks, in sympathy with the drop in Banks-Hong Kong and Shanghai London Bankers:-Tha National Provincial and Union Bank of Eng- the Loadon price to 2125 (Middle) land, Ltd.

have eased somewhat and were book The Guaranty Trust Company of ed at $1,325 and $1,830. New York.

Marine and Fire Insurances. Now York Bankoras-The Irving Unions further declined and were sold National Bank,

at. $350.

at the close and New York.

buyers are now offering at $350, with Interest allowed on Current Ac- salos at $360. China Underwriters have Auctuated between 32.05 and counts and Fixed Deposits. Terms on $2.10. Hong Kong Fires have re- application.

Every description of Banking Busi-lapsed to a nominal quotation of mained steady at $815, Cantons have ness transacted

Loans granted on approved secur 3005. ities.

Shipping-Hong Kong, Canton and Special facilities for Home Ex at $25 to $26. Douglas Steamships Macao Steamboats were realised again change.

SHOU J. CHEN,

are wanted at $25. Preferred Indos continue in request at $40. boats are unchanged."

Water-

Manager

THE MERCANTILE BANK

INDIA, LTD.

OF

-HEAD OFFICE:

2, Gracechurch Bee, London, E. 0%

Authorised Capital

.£3,000,000.

Pold-up Capital ................... Reserve Fund and Rest 1,812,047

· BANERES,

Docks, Wharves.,and, Godowns, Kowloon Wharves were negotiated at $146. A fair quantity of China Pro vidents were taken off the market at $5.10 to $54. Whampoa Docks can be placed at. $32%, Shanghal Docks have fallen away to. Tla 34 Hong ket Wharves at Tix. 190 and Now

at Tis. 7% are nominal

Subscribed Capital 1,300,000 inde, Hotels and Building Hong Kong and Shanghat Hotels had a set back in the early part of the weak and were sold down to $9.90, but have since strengthened and transactions | are įrepürted gjat

up to

The Bank of England & Midland Bank, LAL BLANCKER 1

Hair Tork Penang

NEW YORK

CANNED CRAB

The Manager of the National City Rank of New York, Hong Kong, in- forma us that rumours emanating from Russian newspapers published

Soviet Russia has placed an addi- in Riga on November 6 last and re- published in Harbin newspapers have tional order for manufacturing of fed to a run upon their Branch in 85,000 cases of cans for food staffs that City.

with the. Japan Can Manufacturing In this connection the following Co. through the Mitaal Bussan Kai- telegram has been received from New aha, in order to meet the expansion York:-

plan of its canned crab Industry. An order placed previously by Eus 1 sia with the Japan Can Manufactur ing Company was for 250,000 casts, so the total will be 305,000.

Soviet Russle, which dispatched

canneries next

re

"All unfavourable rumours garding the National City Bank of New York are wholly without foun- dation. The National City Bank

of New York was never in a strong-feur floating canneries this year, will

er or a more liquid position than

now. During the recent strain ori

dispatch seven more

the financial structure the bank was year, in accordance with the indus- always over 50 per cent. liquid, ty policy newly mapped out. and was in a position to rander firent assistance to the business community. The National · City: Bank of New York as a member of the Federated Reserve System Is subject to inspection. There has been no such check up by author.

York 11 to the standing of Na. It is clear from the last paragraph that there can be no question in New tional City Bank of New York.

[

How To Enjoy 1,095

Meals A Year

Wise people eat no more then three meals a day. To really en- Joy every meal throughout the

'

year all that is decessary is healthy digestion, a chief factor of which is daily elimination from the system of the body's waste. Park Lain (Macalliam) $11% Hong Kong Lands are enquire to a cominal quotation of $20% If you do not enjoy your food' ed for, at folke Deals, were made Watsons are on offer at $13 Amuse most probably defective liver or in Humphreys Estate at 14347.400 ments have receded to $28%. Lana Intestinal action is the cause, and | Renitys have changed ha Finds At 33, Crawfords, are roḥtainable at $1.95.

and more cat be placed at this Hong Kong Ropes, soek bayers at 8. Pinkettes, the gentle little laxa Aguro de patru o sedin Freeman Benguets can be placed at $4.70, tive liver regulators, are the re- Public Uilities Hong Kong, Elec Kallans have advanced to 68/-medy, you need. Just try them trica were dealt in, at 166. Hong Cotton Mill-Ewős were taken off Kong Trams closed the turn lower at the market at: the outset at Time: 14.35 to-night two at hed-time, with 118%. Penk Trams are salsable to which figure, sales were and see what a fine appetite you

to 217 18, bat have since receded to half a tumbler of filtered water 311% Chink Lights,are enquired for At: 316 14: Telephones are wanted at made and there are farther buyers will have for breakfast in the Shanghal Cottons (Old) are enquir morning! Chemists everywhere Forward Bettlement Day-Dicen sell Pinkettie, price 60 cents the

CHOA" - Kodu - Bara al Bages Čalombo Kala Keni Shanghai DIM Kuala Lipia Blends

·Honda Extirpod - 2 Blu papërs Hong Kong Kranten (Falsena), Bourabaya - :

HOÀN TONG H

· Erney - Amazighion of Berking

Combined) are in demand 1280,5 Dairy Farman Chave

bed 28-19295

Val

TIMITAR

SATURDAY, DECEMBER 7, 1929.

TOYS!

YOU are invited to call

and inspect the finest

display of British and

Continental toys in the

Colony,

Lane Crawforoffe

TALES

on our

Mezzanine Floor

SZERELMEY

STONE LIQUID

The Reliable Remedy for Damp Walls and

Decay

Stone

THE EXTERIOR OF THE

PENINSULA HOTEL

was Entirely Conted with this liquid

P

IT PREVENTS PENETRATION BY DRIVING RAIN

Stocks Carried.

REISS, MASSEY & CO. LTD.

Sola Agents for

Hong Kong & South China.

Protect your Child

Any moment your child may be infected at school,

or in the street, by Hittle playmates.

Give her a Formimint tablet, morning and evening,

That will protect her against

Tensilitia, Whooping Cough,

Sore Throat, Influenza,

Measles and Diphtheria.

FORMAMINT