1929-12-18 — Page 2

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HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorlack Capital

$60,000,000

Lamed and Pails Pald-up $30,000,000 Bar Padam

Bathing www 0,000,000 Silver

14,000,000

are Liability of Proprietors $30,00,000

HEAD OFFICE, BONO COND.

WOARD OF DIRECTORS,-

W, IL Bell, Bad.

Chairman.

1. à. Plummer, Baq Deputy Chalrusen.

B. D. F. Baith, Meg.

1. E. Dompion, Esq.

M. T. Jakason, Reg.

B. Lander Lewis, Esq.

AMOT

MANGKOK

GATAVIA

BOMBAY

GALCUTTA

·OLETON

TEKPOO

-OOLOMBO

BANKOW

W. L. Prisenden. Eve.

T. 1. Palace, Eng.

T. H. K. NhaW, Kap.

J. R. Warren, Zes

Chlan Mazagar,

Elon. Mr. A. C. Hynon

BRANCHES 1-

LONDON LYONA

MALIUDA MANILA

NOUIDEN

NAGABAKI

NEW YORK

TRIPING

PENANG

DANGOON

RAIGON

HHANGHAI

TDATZEN

PODOBOW MLIPHONO

ДАМВОВО

SAN FRANCISCO

HARDIN

SINGAPORE

BONGREW

BOURA DAYA

FLORO

BUNOEI PATANI TIENTBIN

TOKYO

THINGTAO

101

JOBORE

KOAR

KOWLOON

KUALA LUMPER

YOKOHAMA

Current Accents opened in Loos Curren and Fixed Deposits foceived for one year, OF shorter periods In Local Currency and burling bars which will be quoted on application.

HONG KONG SAVINGS BANK,

The Danine of the above Back is conduct.

* HONG KONG AND SHANGHA

CONPORATION. Bulas may be

abeload on spion.

FOR THE LONG KONG & BILANGELAZ BANKING CORPURATION.

C. HYNES,

Chia Macaque

Rong Kong, 18th, Beptember, 1999.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(HETEROLANDS TRADING SOCIETY)

ВАНЖЕВА.

Established $4.

Bong Kong Ofoe:-M. Queen's Bond Central, Buthorized' Capital

P-lip Capital

Reserve Fund

Culiders 180.000.000

{£12,500,006.) Gullkari 80,900.000

(25,560,007.) Guilders' 40,000,000- (45,138,890.)

Bed ((AMSTERDAM"}, Eastern Head Ofon:-BATAVIA, BRANCICES —Ladjenusala Fandorag'). Bombuş,

|

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Paid-up Capital

Reserve Fund

Reserve Liability of Proprie

tors .....*

£8,000,000

.£4,000,000

£3,000,000

Agencies and Branches:

ALOH STAR

(Malay)

KUCHING

AERITHAB

MADRAS

BANGKOK

MANILA

MEDAX

NEW YORK

PENANO

HATAVIA BOMBAY

CALOUTTA

CANTON

DAWNPORE ORBU

COLAMBO

DAIREX (Duny,

Bouth Manchuria)

DELI!!

HAIPHONG

HAMBURO

HANKOW

HAMBIN

(2. Manchuria)

LÒNG TONG

ILCILO

IPOH

KARACHI

KUALA LUMPIA

PEKING

PESHAWAR BANGOON KAIGON

REMARANG

BERZVBAK

SILANORA!

BINAAPORE

BOURADAYA

TAIPING

(P.M.B.)

TɅVOX

TIENTHIN TOXFO

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

· COTTON DUTIES

New, Egyptian Tariff Bill

Cairo, Yesterday,

The new Tariff BRI to be submitted to Parliament includes dutlers on cotton goods varying according to their

MR. INSTONE BREWER on to ask my opinion. I am afraid categories ranging for unbleached

CHARGED

· FURTHER EVIDENCE BY MR. ROSS

"NOBODY DEFAULTED"

I cannot

goods from 18 to 42; for bleached from You cannot say if that is a 27 to 70; for coloured from 35 to 105, secured loan?—I can't say any-and printed from 36 to 160, (ail mil- thing under the circumstances. lismes par net kilogramme)

If a lien

Mills to Close Down on the shares is a

New York, Yesterday. security in law, are not these secured loana7-You.... No, of the Federation of Master Cotton

A meeting of the American section

I cannot agree that a loan on the Spinners, after a speech by the Pre- secured aident on the critical state of the in- company's shares is a

dustry, decided to recommend all spinners of American cotton to close, The magistrate: Supposing it is the mills from December 23 to 28 the law that a lien on the Com-Inclusive-Reuter. pany's shares is a valid security, would it then become a secured loan?—Yes.

The whole of the sitting yester-loan. day afternoon in the case in which Mr. Noel Instone Brower, President of the Instone Banking Corporation (in líquidation), is charged with Foreign Exchange General alleged offences under the Perjury

KLAYO

КОРА

KUALA KANGSAR

Parsh (P.M.8.)

TONOXAI (Blocksi) TSINGTAO YOROHANA ZAMBOANGA

(Philippine Taizoda)

and

Banking business transacted.

and Larceny Ordinances, was again

Mr. Davidson: Then on that s Current Accounts opened and Fix-occupied by Mr. S. Hampden Ross, sumption this statement (regarding ed Deposits received for 1 year or Liquidator of the Bank, who was the collateral securities) is a cor- shorter periods at rates which will

lengthily cross-examined by Mr. E.rect statement ?-As far as be quoted on application.

Davidson, for the defence. On com- wording is concerned, that is cor A. H. FERGUSON,

Manager. pletion of Mr. Ross's examination rect, but In view of the fact that Hong Kong, 3th January, 1920. the case was again adjourned, the assets were worth nothing, it Mr. Davidson began by dealing was still a mistake in the balance with collateral securities. He sheet. When I say it is worth no- asked if it was not correct that thing. I mean it is worth nothing loans under this head were secur-like the amount it is stated to be ed by shareholdere in bonds of worth. call.

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

Authorised Issued

Paid-up

CAPITAL.

Reserva Liabilities of

Shareholders

Surplus...

$20,000,000

Mr. Ross agreed. 8,000,000 4,000,000 These were definite promises to pay various sums of money by 4,000,000 the shareholders?—Yes. 2,210,000 Assuming they were valid

That is your opinion?-The facts have proved it to be so.

How do you prove the facts?--It has not been possible to collect this Since the Company went into

money,

HEAD OFFICES: SINGAPORE. Branches, Agencies and Correspon- deeds, they were in fact assets?-liquitation --Yes. dents in the principal cities of the No. world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager. Hong Kong, 15th May, 1929.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO) HEAD OFFICE: Talpeb, Formosa. Incorporated by Special Imperial

Charter, 1899.

Central Bank in Farizace.

Bank Noter_lawed Average amount ...Xen. 15,000,000 BRANCHES AND AGENCIES.

JAPAN Tokyo Yokohama, Kobe, Osaka,

{ FORMOSA :—Girsa, Kagi, Karenko,

Makong Nanto, Bhchiku, Trichu, Tal Takao, Zameul, Tora, Unke, Jalko CHINA 1-hanghai, lankaw, Amy, Foodbow,

Buslow, Casion.

TIN MERGER

Company To Be Formed With £5,000,000

London, Yesterday.

It is ometally announced that a merger haa been provisionally agreed upon by four important tin smalting companies, namely the Cornish the Eastorn, the Penpoll, and Williams Harvey Company.

A holding company with an au- thorised capital of £5,000,000 Is to be formed; shares of which will be offered in exchange for shares of the four companies.-Reuter. New York, Yesterday. Is it not a fact that the Official The "New York Times" understanda

these 7-As far as I know, no money a merger of independent steel com- has been collected against these panies in the Middle West corabining total assets of 500 million dollara. loans.

To go back to the original ques-The Eaton Otis Mather interests are tion. This statement, on the same

sponsoring the merger, Reuter's American Service. assumption, is verbally correct?— Yes,

Why not? Because they were Receiver collected money against that scheme is being completed for not realisable.

were

Assuming they

valid deeds, they were assets?-If they were worth nothing they could not be assets.

I regret, Mr. Rose, I have not assumed they were bad deeds and you have no right to assume that! I have every right to assume it since I am investigating the case. If they are valid debts, they are assets? No.

They are described as collateral security loana ?—Yes,

|

On the other side of the balance

sheet, these sums are included in the paid up capital?—Yes.

They had to be included in the

asset side in order to balance the balance sheet?—No.

IN A HURRY

Ex-President Does Not Stop

train en route to Mexico City. A de-

Why not? It is not necessary to include anything in the balance Will you take it from me that sheet to make it balance. Cultur

From

Laredo, Tex., Yesterday. collateral security means

Ex-President Calles, who faces Just your point of view they have credit- security, or do you

suggest ited capital and debited loans and murder, has arrived here on a special charge In Mexico of conspiracy to OERBongo King Sourbare means something else under therefore they balance.

stand it means additional secur-

"Issued and Subscribed Capital" tachment of United States marines Ity.

Regarding issued and subscribed boarded the train, which did not stop. Every one of these deeds was capital, however wrong it might-Reuter's American Service secured by a lien on the share-have been to include it in the holders shares?-In my opinion balance sheet, it is correctly des that is not security.

cribed there. The issued and sub-

Kambay Calmatta Loudon, New York,

LONDON DARKRES

Cascate, Charbon, Djamber, Djk jakaria") The Llague”), Jeddah, Kobe. Kota Badia, Makassar, Medan, Padang Palazibang, Pekalongan, I' Pontianak, liangoon, Buthredsin lef The London County Westminster sad Parts Bank. Famarang), thoughal, Sibolga (Bamatra Bingapore,

The Bank hag Correspondania. In all the polo- Böseskarta (Raldo). Tigal, Tillatjap|cipal Commercial Canizes throughout the world. and Weltevreden. I

"K." NIGUBA,

Boscebat,

* Thans allow havu sulu saposis kosa to Tal

London Bankery

Forrespond

Provincial Bank Ltd. all over the world

Mausger

DONG KONG BRANCH:

24, 29 VORUx Road Content, Hong Kong, 19th January, 1999,

Banking business of stay description trasasoladi.

F. M. ELBERG

Manager.

Gong Kang. Tiủ May, 1929.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:"

96, Boulevard Haussman, Paria.

Subscribed Capital Fr. 72,000,000.00 Paid-Up Capital...Fre. 68,400,000.00 Reserva Funda ..Fr.102,000,000.00

BRANCHES:

Bangkok Hong Kong ulahon Battambang Hus

Saigon Shanghai

Baths

Mengtza

Canton Nam-Dini Singapore

Djibouti Neumes

Thanhea

Tientsin Tourade

Fort-Bayard Papeete Haiphong Peking Hankow Pnom Penh Vinh

Hanoi

Pondicherry Yunnanfu BANKERS:

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

IN LONDON: The National Pro- vincial & Union Bank of England,

I am not asking your opinion! scribed capital is $2,618,2607-No. -Well, you said it was a secur-The Issued capital was $1,700,000

THE BANK OF CANTON, LTD. ty.

Established 1912,

Head Office Hong Kong.

Authorised Capital (IX. Currency) ...$11,000,000 Paid Up Copal -

8,804,300 Beserve Fund ---

50,000

BRANORES:-

Canton Shanghai, Baatow, Batow, Fangkok, New York and Ban Francisco

LONDON BANKERS

The Lloyd's Bank Ltiled. Correspondente in all principal cities of the World+

Foreign exchange and banking bualname of every descripUon trensasiei.

· Rada Deposit Batzen (various sises) að a yearİy rental of "from $5 to 240,

LOOK POONG SHAN,

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

THE BANK OF CHINA. 行銀國排

(Specially Authorised by Presidential

Mandate of the Republic of China on the 22nd of November, 1917.)

Ltd: Comptoir National d'Escompta Authorised.Capital

Faid-up Capital Reserve Fund

de Paris; 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 Vanonita according to arrangementa.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let.

A. LECOT,

Manager. Hong Kong, 1st May, 1929.

What is a Secured Loan? Mr. Davidson referring to the form of application asked witness to assume that it was a security. He then asked: "If that is a secur ty are these secured loans?-You are asking me to accept your ver- alon of the law and then you go

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE :

BANKERS:

15, Gracechurch St1994, London, B. OL Authorised Capital ....£3,000,000 Subscribed Capital 3,800,000 Paid-up Capital

1,050,000 Reserve Fund and Rest 1,612,047

The Bank of England & Hidland Bank, Ltd.

BRANCHES

New York

Pork Bosia (Meur!ilus) Itangson Shanghai Sta

Bai grok Ipoh Batavia. Babay

Osieusta

$60,000,000.00 Dallombe

Dsibi

Randy Karachi

·

Kota Bhar Kuala Krai Kuala Layla 18,278,000.00 Dail Kuala Lumpur Slagapore 9,629,425.24 Hong Kong Russian (Pahang) Bourabaya

Blowish, Madras

NEAD OFFICE: PEEING.

HONG KONG BRANCH:

4, Queen's Road Central. Branches and Sub-branches all over China and Correspondents in Europa, America and other parts of the world. London Bankers: The N. tional Provincia! adit Union Bank of Eng- land, Ltd.

The Gouranty Trust Company of New York

New York Bankers:—The - Irving National Bank.

The Equitable Trust Company of

THE YOKOHAMA SPECIE BANK, New York

LIMITED.

Established 1880.

interest allowed on Current Ac counts and Fixed Deposits. Terms on application.

HONG KONG BRANCH, Every description of Banking and Exchange busla trabanded.

Travellers Cheques Issued,· Trustee and Executorships, under- taken.

INTEREST allowed no Darrent Acovania and Fad Deposlis si Maim that may be scurtatzeć

application.

CLOBANDES,

Manage 7, Queen's Boad Ouitri,

Hong Kong, 1st November, 1929,

odd.

I am asking you to asume that the application for shares were good applications. If that is 80, then it is not false to say that the issued and subscribed capital was $2,613,2607-If the applications were good and application money had been then take it that this statement received, should

"Issued and Subscribed Capital" was correct.

I

Regarding Mortgage and Long Term Loans, is there not some mortgage en property of the Instone Banking Corporation 7-Yes, I think there is, but at the time of the balance sheet, the mortgage had not been granted.

Are you prepared to swear that the mortgage was taken out after the balance alieet?

Mr. Fitzroy said that the mort- gage would in due course be pro-) duced.

Mr. Davidson: "It has been ad- mitted by Mr. Fitzroy that nobody has been defaulted by this balance; sheet, You would know if there was anything in the books to show that Mr. Brewer ever made a cent out of the Company 1--No. He never mmade a cent apart from his salary.

Witness was briefly re-examined j by Mr. Fitzroy, and the case was adjourned until Saturday morning

at 11.16.

BUSINESS DIRECTORY

Every description of Banking Busi-BOOKBINDING. ness transacted.

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

Head Offices-YOKOHAMA,

Branches and Agencies at: Alexandria

Nagoya C Newchwang

Batavia Bombay Exzenos Ayran

Hemporarily

- closed);

Calentts

Canton

Changchun

· Dairen⋅ (Dalny)

New York

Osaka

Peking

Rangoon

Rio de Janeiro Saigon

Ban. Franciaco

-Fungilen (Mukden} Ses

Loans granted on approved secur-

Special facilities for Home Ex- change.

SHOU J. CHEN,

Manager.

THE BANK OF EAST ASIA, LTD. PA

HEAD OFFICE HONG KONG. 10 Des Voeux Road Central,

Authorised Capital:. Fald

Capital

$10,000,000 $75,000,000

THE NEWSPAPER PRISE LTD,

ENTER

for Superior Binding. "China Mail" Offices,

3A, Wyndham Street, Tel: 0.22.

DENTIST.

HARRY FONG, Dentist,

1st floor, No. 34, Queen's Road Central. Tel C. No. 1265.

CTRICAL SUPPLIES.

HE GLOBE FOOK CHEONG

CTRICA

SUPPLY CO., LTD. Road, Centralė.

FOR BETTER PRINTING.

THE NEWSPAPER ENTER-

PRISE LTD,

General and Commercial

Printers,

"China Mail."

Offices,

BA, Wyndham Street, Tel.:G.22.

HAIR DRESSERS & BOOKSELLERS

LEE TEE

Ladies and Gentlemen's Hair Dressers & Booksellers, Ken No. 12, D'Agullar Street (opposite Queen's Theatre).

OPTICIAN

1.P. 750,

PEPS

Ward Off

Dangerous Colds & Chills

Take PEPE as a remedy sad preventive of night think, podden celos, are swasta, bat bought, bennotatie, aathen wed her freshies, ato. Of chemulate and medioine dealers veryutions,

WEDNESDAY, DECEMBER 18, 1929.

MAC'S CAFETERIA

(Hong Kong Hotel)

and

PENINSULA HOTEL CAFETERIA

are now showing a Cholen selection of FESTIVE SEASON · SPECIALITIES.

BEAUTIFULLY DECORATED

CHRISTMAS AND NEW YEAR CAKES Plum Puidings, Mince Pies, Madeira, Stollen, Cherry, Ginger, Iced, Dundee and Shortbread Cakes.

FANCY CHOCOLATE CHRISTMAS TREE

DECORATIONS—— Violins, Gultars, Chickens, Elephants, Snowmen, Pigs, Monkeys, Moon Faces. MARZIPAN NOVELTIES-

Pizs, Apples, Pears, Plums, Strawberries, Apricots

and a fine selection of Imported Chocolates in Fancy Boxes and Caskets, including Frys, Cadburys, Rown- trees, Nestles, Mackintoshs, Neilson's of Toronto and Foster and Orear of San Francisco.

ALL MODERATELY PRICED.

THE HONGKONG & SHANGHAI HOTELS, LTD.

WARWICK REVUE

OWING TO

STEAMER

DELAY THE COMPANY

WILL OPEN on

FRIDAY Dec. 20th.

AND NOT ON THURSDAY,

DECEMBER 19th, AS

PREVIOUSLY ADVERTISED

URGENTLY REQUIRED OLD BLANKETS

THE HONG KONG BENEVOLENT

SOCIETY

(Established 1889)

will be very glad to receive them at the City Hall,

Every MONDAY and THURSDAY at 10.30 a.m.

JUST IN TIME FOR CHRISTMAS!

GAS

"We are now fixing

FIRES at

a NEW LOW

SCHEDULE RATE OF $5.00 ONLY (In houses already connected to our mains).

Hire terms-$5.00 per annum

(also on sale, cash or instalments

SEND YOUR ORDER TO-DAY.

USE THIS SPACE (cut out and hand in or post to any of our addresses).

PLEASE FIX A GAS FIRE ON ABOVE TERMS.

(FIXING CHARGE $5.00, HIRE $5.00 PER ANNUM),

Name

THE HONG KONG OPTICAL

Address

THE HONG KONG & CHINA

West Point, Hong Kong, and Jorde

AS COME

Showroom (Ice House.

Telephons Central 17.