1929-12-26 — Page 2

2

HONG KONG AND SHANGHAI BANKING CORPORATION,

• Authored Capital ........................... $50,000,000 Low) sad Pully Paid $20,000, Her Funds 1-

-- 0,000,000

■14,000,000

Yiling

Beserve Liability of Proprietors... BANDING

ы

HEAD OPRICE, HONG KONG.

BOARD OF DIRECTORS:-

W. H. Ball, Esq.

Chalzman

2. A. Planinar, Esq.

Deputy ChaireData.

D. P. Balsh, Reg.

A. 11, Comgion, Est-

M. E. Jokaaso, Beq.

Lander Yowla, Bag.

ΑΜΟΥ

BANGXOX BATAVIA BOMBAT

SALOUTTA

CANTON

CHEFOO COLOMBO DAIREN

FOLL BAIPHONG

NAMUVRO

BANKOW

HARDIN

HONGKEW

100

JOBORL

KOBE

AUWLOON

W. L. Pattenúan, Esq.

T. B. Pearce, Faq.

T. . .haw, Esq.

J. P. War, Ees Chiat Manneer. Hon, Mr. A. C. Brus.

KUALA LUMPU

BRANCHES :-

LONDON

LYONB STALACCA

MANILA

HOURDEN

NAGABAKI

NEW YORK

PEIPING

PENANG

RANODON

SAIGON

BAN FRANCISCO

SHANGHAI

SINGAPORE

SQURABAYA

SUNORI PATANI TIENTSIN

ΓΟΚΥΟ

THINOTAU

YOKOHAMA

Current Accounla opsed in Local Curric and Wick Deposita received for a 70! UT aurier paris is Local Currency and Heri or worch will be quoted on application. Hot Kenz, Elle Novembar, 1925.

HONG KONG SAVINGS BANK.

The Best of the abore bank le enculace- by the ORO KONG AND SHANGHAI BANKING CORPORATION. Hules may be whelmed on application

FOR THE ANG KANO & SANORAL BANKING CORPORATION.

A. O. LLYNEN,

Ohlal Manager.

Hong Kong, 181 Beptember, 1977.

NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

BANKZBA,

1 Established 1894

Hong Kong Ofton;=kl. Queen's Bond Castraž Autmorland Capital Kulidera 180,000,000-

1212,800,000, Pad-Up Capital or Gullkani 80,000,000 Beautre Fund ... Guilder 40,000,000-

(16,806.CUT.)

(23,553,$.)

lisad -(AMSTERDAM'). Eastern Head Of:-DATAvia. BRAM KES :-Bandpronska Dandaeng') Bombay,

Calculta. Chariton, Dienaber, Dj Jakarta") The lingua'), Jaddah, Kçõe Zota-adja, Makassar, Medan, Puding Palembang, Pabelangen, Pazung.

|

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1889, HEAD OFFICE; LONDON. Pall-up Capital

Resurve Fund

| Reserve Liability of Propriu-

Lors

£3,000,000

£4,000,000

£3,000,000 |

KUALA LUMPUR

EUCHINO

HAPRAS

Agencies and Branches:

ALOR STAN

(Malay Bass]

AMITHAU

DANGROK

HATAVIA

BOMBAY

CALCUTTA CANTON CAWNFORE OLDU

COLOMBO DAIREN (Dabar

South Manchuria) DELOI

HAIPHONG

НАМИСЛО

НАУКОЯ

IEASEIN

(N. Manchuria,

TONG KONG

ILGALA

IPOH

KARACHI

KLAND

KOBE

KUALA KANGSAR

Perak (F.M.B.)

MANILA

MEDAN

NEW YORK

PERING

PENANO

PESHAWAR RANGOON

BATION

BEMARANG BEREMBAN BHANGRAS

SINGAPORE

HOURABAYA

TAIPIRO

AVOY TIENTSIN

TORYO

TONDEAU (Blzakwt) TSINGTAO

YORDHAMA

ZAMİDANGA

(Philippine Islands!

THE CHINA MAIL.

COMMERCE

AND

-FINANCE.

THE SEARCHING FOR galoon District.

OIL IN BORNEO

REPORTS OF SOME IMPORTANT EXPLORATIONS

"

P

POWERFUL INTERESTS

According to reports А пеш соп- eern, called the Borneo Oil Com- pany, has been formed for the ex- ploitation of oilfields in Dutch Borneo.

With other foreign investors, and well-known Japanese shipping and Foreign Exchange

and General trading company, the Mitsul Bus

aun Kaisha, hold interests in Banking business transacted.

the

Current Accounts opened ond Fix-new company. ed Deposits received for 1 year or shorter periods at rates be quoted on application.

The concessions to be exploited by are three which will the Borneo Oil Company

A. H, FERGUSON,

Hong Kong, 8th January, 1929.

Manager.

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

CAPITAL

Authorised Issued

Paid-up

Reserve Liabilities of

Shareholders

Surplus

in number and are officially register ed as Koetel and Koetel II (from the river of that name), and Karlo rang, situated north-west of the Bay of Sangkueliang, about halfway down the east coast of Borneo.

The prospects of discovering are reported to be very good, and delling plant and machinery will be shipped to Sangkoelirang early next

year.

oll

The Java-China-Japan Line are, $20,000,000 in this connection, considering the

8,000,000

opening of a new route from Sama 4,000,000

rinda to Sangkoelirang when the company in question has begun se 4,000,000tivities. 2,219,000

Standard Oil Co. Interested HEAD OFFICES:- NGAPORE.

It may be stated here that, as far Branches, Agencies & Correspon back as 1912. the likely oll areas in dents in the principal cition of the the vicinity of Saakeelirang Bay world.

were explored and reported upon by Every description of Banking and the

German geologists Herr W. Exchange business transacted.

Holtz und Herr L. Ratten, and that, TAN ENG HOOL,

a few years ago, (during the regime Manager. of Governor-General

Foch the Hong Koag, 16th May, 1920.

Standard Oil Company of California was keenly interested in these same areas, but negotiations with the local Government were finally dis- continued owing to the nature of the terms and conditions stipulated by the latter.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

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

Charter, 1899.

Central Dank is Porte

Uwik-Naten issued $erage amount...Yan, 44,000,000

BRANCHES AND AGENCIES:

With regard these concessions, which are all within a comparatively short radius of Sankoelirang Bay, a Sourabaya Journal gives the follow. ing information.

| JAPAN:-Tokyo, Yokohama, Kobe. Omka,, | FORMOSA :-Ulien, Kap, Karenso, slang, ahong, Kase, Shichi, Talohu, Takso, Tamsui, Town, Hlaivo, Tan, QUINA :-Mbangāni, Haskow Amay Foocho

Beatow, Canton. Dreng Kong Singer, Rourebark

Semarang

Caloutta, several Bateria, Bombay, London, New York, Dairon.

LONDON DANKERS:

Besides the Bataafsche Petroleum there Maatschappij (Royal Dutch) Tanother concern, the East Borneo Company concern, the East Borneo Company, which holds exploration and exploitation rights in respect of areas along the oil route from Tarakan to Balikpapan. "Nearly all these concessions (including Kec. tei I and Koetel X have, from time to time, been let out by the

East Borneo Company to other oil con- cerns for exploitatin on a royalty basis. The Bataaficho Petroleum Mij, for instance, sull exploita a fow profitable areas on such a basis. Not nil of these ventures, however, provodi

Pontianak Jangoon, Rotterdam. The London County Warminster and Parr's Bank

dang Khanghai,

UNARMANNA), Bjugapore,

The Dani

tas "Correspondente, in all the pris

E. NAQUEL

doralarts (Solo), Tegal, Tillatiopoipal Commercial Centres throughout the world

and Wellertsdan,'')

These coes have enfe deposit bozes ka lel, London Biokuru zosKational Provincial Bank Li

Forrespondants si praz she world

Banking business of vary

description transacked.

+4204

F. M. ELUERT

Manager.

fiong Kong. With May, 1999.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard flansuman, Paris.

Subscribed Capital .Fra. 72,000,000.00 Paid-Up Capital...Frs. 88,400,000,00 Hererve Funds ....Fra.102,000,000.00

Bangkok Battarabang Canthe.

BRANCHES

Hong Kong Quinhon Huo

Saigon Bengtzo Shanghai Canton Nam Dinh Singapore Djibouti Noumea Thành

Fort-Bayard Papects

Haiphoog

flankow

Hadol

Peklag

Tientala Tourate Prom-Pegh Vinh Pondicherry Yunnanfa BANKERS:

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

BONO KOGO BRANCH:

8, 296 Yorua Bond Central Hong Kong, 19th January, 1929,

Hagu.

THE BANK OF CANTON, LTD. Buccessful.

Established 1912.

Head Office: Hong Kong.

Authorized Caplisi (E.X Durrency) ...$11,000,000 Paid Up Captáci .....................

1,661,200 Berry and moved

850,000

น

+

BRANCELES -

Ceston, Shaoghai, Erokow. SWRIGH Bangkok, New York rad San Francisco

LONDON DANKENU: ---

The Licyl's Bank Limited.

CORRESPONDENTS

In all peintal cilias of the World.

koreign exchange and banking busine

rary discrtion tranzacted.

Bala Deposit Boxsa ivartons dzeej at a year's medial of bom $5 to $40.

LOOK POONG SHAN,

Chief Manager Hong Kong, 19th February, 1927.

THE BANK OF CHINA.

行銀國

(Specially Authorised by Presidential

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

Authorised Capital $80,000,000.00 18,278,600.00 9,029,425.24

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

de Paris; Credit Lyonnais.

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

MALAGA

Interest allowed on Current Aa- counts and Fixed Deposits according

to arrangements,

Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to lat

A. LECOT,

Hong Kong, 1st May, 1929.

Manager.

HEAD OFFICE; PEKING.

Koetel Concessions No. 1 and No. 2 Prior to 1021, a subsidiary of the Standard Oil Company of New Jer- sex,-the Nederandsche Koloniale Petroleum Maatschappij, established at Batavia, was actively un the look-out for

where the poona in this area,

of striking oil was considered very promising. After a preliminary survey, drilling operations were begun on the Koetel concessions; the results were as fol lowe:

Koetsi 1-Sangkelirang district: 12 drillings, the deepest up to abbut 500 metres. Some gas and oil found, but not in commercially exploitablo quantities. This field was abandon. ed, and the material partly trans ported to other areas and partly left In the jungle.

Kostel II Three drillings from 400 to 500 metres depth. In the first the same was well oll traces and a little oil found; the case with the second and third wells. At about 200 meters, in another drilling, the sel

drilling was stopped

Д

A

THURSDAY, DECEMBER

26, 1929.

MR. I. BREWER'S CASE

ADDRESS BY DEFENDING SOLICITOR

DECISION RESERVED

The Magistracy proceedings against Mr. Noel Instone Brewer, who is charged under the Perjury and Lar reny Ordinances in connection with the preparation and Aling of balance sheet of the Instone Banking Corporn. tion, concluded on Tuesday afternoon, and Mr. A. W. G. H. Grantham re zorved his decision.

Prior to Mr. E. Davidson's submis- sions for the defence, the Magistrate asked Mr. Brawer whether, having heard the evidence, he wished to make

statement, warning him that al though he was not obliged to say any thing, any statement he would like to make would be taken down as evid ence. Mr. Browor replied that he did not wish to say anything.

Hore, in 1921, Dutch coal-mining company, called the Maatschappij tot Alijnbouwkun- dige Werken, of South Limburg, frat began dellling operations and trans- ferred this work later to the Kilo. niale, who continued drilling to depth of 850 metres.

Oil

traces, with a little heavy of, were found, but no o reservoir was pierced, and this area was abandoned after 1921.

The fact that these once abandoned areas are again being thoroughly in vestigated for seems to justify the belief that there is all here in com- mercially exploitable quantities. The latest drilling methods, and desp boring machinery, tead, so experts opine, to facilitate the discovery of all at hitherto impossible depths. At any rate, It is difficult to underland the expenditura of so much time and

In his address for the defence, Mr. money unless a distinct possibility

Davidson said that he was not reserv. exists of finding oil in large quantitesing his defence although he was not in these areas.

calling evidence, because the defence The Galf Oll Company

had been disclosed during the cross- Yet another concern which has, examination of the witnesses. To call for over oight months this year, evidence would mean prolonging the been making a geological investiga-proceedings, and perhaps be taken as tion in the neighbourhood of Sang-

an admission that there was a case to koelirang is the Gulf Oil Company, of

go before a jury, which he omphati America. Two geologists of this purpose, have just left for the States,

cally denied. and it is believed that this company will next year.

uperations in Borneo visited this part of Borneo (partica

Another geologist who larly Maloowlla few years ago was Afr. T. Iwasa, who was commission- ed by the Kuhara Mining Company in Japan--"Straits Times."

resume

Government Checks Merger

L. F. Loree, President of Delaware tion to reopen for special argaments and Hudion Railroad, whose appika the petition of the Baltimore and Ohio Railroad for control of the Buffalo, Rochester and Pittsburgh Rallway, has been rejected by the Interstate Com- merce Commission.

COMPANY REPORT

Sandakan Light And

Power Company

The report for prosentation to the shareholders at the seventh ordinary early meeting to be held at the Head Office of the Company, St. George's Building, on Tuesday, at 12.30 p.m., is as follows:

The profit on Working Account after deducting General Managers has to be added interest amounting Commission, is 347,087.70, to which to $992.21, But after providing for

Duty of the Prosecution The defendant was charged with

etatement false in a material particu having knowingly and wilfully made

Inr in connection with the statutory report and balance sheet, the charges being all the same. It was part of the burden of the prosecution therefore to prove the state of the defendant's mind. Not only must the

prove that the statement are untrue but they must prove that Mr. Brewer knew them to bo untrue.

There were two important points to remember. It had been very fairly stated by Mr. Fitzroy that the defen- dant defrauded nobody in the balance sheet. Mr. Brewer had not made a cent out of it. In support of the charges, the principal evidence called has been that of Mr. S. H. Ross and Mr. E. L Agassiz. Throughout their evidences it. was clear that what they were stating were matters of opinion.

In the course of his submissions, Mr Davidson went through the charges separately, quoting a number of Home authorities. He said that so far A the evidence goes there was not the faintest evidence to support the charge of perjury. Mr. Ross had stated that

the aasuming

transactions were

genuine, they were correctly treated in the statutory report. This statement put an end to the charge.

one

An “Amazing Witness"

It was amazing, he continued, that of the witnesses against Mr. Brewer was an auditor, Mr. Li Tung, who is authorised by law to sign balance sheets. That witness was na

Brewer if any perjury has been com- guilty far more guilty than Mr. mitted at alt by the defendant.

At a later stage Mr. Davidson sald there was no evidence that Mr. Brewer prepared the balance sheet. Mir. Brewer was unfortunate in that all he had said at the public examination was now being used against him.

Mr. Brewer was not the book-keeper of the Company but its President.

In conclusion, Mr. Davidson submit- ted that this was one of the cases which should not be sent before a jury and Mr. Brower had a right to be dis- charged in Court.

Mr. Fitzroy dealt with points of law, quoting authorities for his Worship'

guidance. Decision was then reserved until next Tuesday at 11.80 a..

COSTS REDUCED

stuck fast in the ground and further depreciation and charging Consulting Nigerian Base Metals

or

tres"

on

Costly Drilling Operations The Koloniale off .concern drilled all ten of the Koetel fileds with more โปรป indifferent results. This company has now again been grant- HONG KONG. BRANCH;

ed three concessions, viz., Koetei III and Kostel X near Sangoelirang 4, Queen's Road Central. Branches and Sub-branches all over and Koetei Vi, north of Samarinda. Chins and Correspondents in Europe, tlon work is being carried out by on the Boengaloon River, Explora. America and other parts of the world.the company in theas areas, and also

London Bankers:-The National

In the north of cast Borneo, near Provincial and Union Bank of Eng Tandjong Redah. land, Ltd.

On a previous occasion drilling up The Guaranty Test Company of to a depth of from 100 to 500 me. New York

Kostei III brought noro New York Bankers:-The Irving sults... The transport of National Bank.

The Equitable Trust Company of of Sangkoslirang, cost about fr.80, alose to this field, situated far west New York

B00.. On Kostel IV two, drillings THE YOKOHAMA SPECIE BANK Interest allowed on Current Ac- were carried out, the Arst yielding counts and Fixed Deposite Terms on salt water and gas and the other application.

nothing. On Kostel Xa drilling Every description of Banking Bus! previously made by the Bataafsche neys transacted..

Petroleum Mij. yielded a little gas, Loans granted on approved secur and the second, made by the Kolo ities.

niale, through a coal stratum, had Special facilities for Home Ex- the same result. change.

The Badjas Concessionm BHOU J. CHEN,

The Bataafsche Fatroleum Mij, Manager, has also obtained yet another con-

cession, called Sadjon, in the Boen ·

LIMITED.

Established 1880.

Capital (fally paid-up) Yen 100,000,000 Keserys Fund

Yen 108,500,000

Head OfficeYOKOHAMA,

Branches and Agencian str Alexandria

"Ayres"]

Temporarily

Calokite

Canton

· Changshim.

Datre" (Dabiy

Fenglien (Muiden)

Hambur

Hakow

Harbin

KAI Yuan

Nagoya S

Newchwang

New York

Osaka Paking

Bangogie Rio de Janalro Balgon

San Francisco

..

THE MERCANTILE BANK OF INDIA, LTD

@HRAH OFFIORES DE

- 14,- Omokorsh Bitary Landon, BCLB, --

Authorised Capital

Subscribed Capital

Paid-up Capitals

#8,000,000

- 1,800,000 1,050,000

Reserve Fund and Best 1,812,047

The Bank if England's Midland Bank, Lái.

material

Committee's and auditors' fees, stalment and interest for the year ralue of concession, loze on sales of on account of sinking fund to replace old machinery, etc there is a not lose of $10,015.92 This amount, Loss Account, makes the balance at transferred to General Profit and debit of the account $82,951.48.

for

Consulting Committee: In accord ance with the Articles of Association, the Hon. Mr. 1. P. Braga, Mr. C. A da Roza, and Mr. S. M. Churn retire, but, being eligible, offer themselves

re-election Auditors:-The accounts in Hong Kong have been audited by Moun who retire, bat being eligible offer Lowe, Bingham & Matthews and Messrs. Percy Smith, Seth & Fleming themselves for re-election.

LOAN FOR ARGENTINE

Buenos Aires, Tuesday. The Argentinian Government: has accepted an offor from Messrs. Buing Brothors at a loan for £6,000,000 available on January 1930- Routers American Bervice.

Corporation

Mr. Francis Allen, speaking at a meeting of the Nigerian Base Metala costs had been high in the past, but Corporation, said that the working they had been greatly reduced, and would continus to reduce. The actual cost of winning the tin to-day- was £80 per ton free on rail t Bakurt In addition to that, thero were other charges such as freight, smelters' returning charges, etc, so that he all-in cost to-day might be taken at £120 per ton.

Drive a Trusty.

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