1930-01-08 — Page 2

2

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF

BANKING CORPORATION.

Suikerland Capital . $80,000,000 Inwood and Falls fald on 20,000,000 Barre Funds ***

Huling

6,000,000 14,000,000

Manara Kisbility of Propriators *** $10,000,000 BLAD (Y-10T, HONG LÒNG.

BOARD OF DIRECTORS—

W. E. Bell, Los

Chairman

7. A. Plummer, Yog.

Deputy Chalema

B. D. F. Belih, Boş.. `· A. 11. Geuphon, Xaq,

M. I. Fernon, Bag,

Lander Lewis, Esq.

AMOX

MANGKOK

MATAVIA

SOMBAT

CALOUTTA

ADASTON

COLOKBO DALIN FOOCHOW

HAIPHONG

FLYBURG

HANKOW

BLERIN

BOXONEW

rono

KNE

JOHOKE

KOM

KOWLOON

.. Pen, Bes. T. Paros, Blog-

T. II. B. Haw, Kaq.

J. R. Warren, Moc

Chick Manager.

Hon. Mr. A. 6. Hyone..

BRANCHES --

KUALA LUMPUR

→ZONDOR

LYONG

MANILA

KOUKDEN

MUAB (Johore) NAGASAKI

NEW YORK

PRIPING

PERANO

DANDOON

SAIGON

SAN RANOIBOO

BHANGHAI

КІНОАРОДЕ

SOURAHAYA

BUNGRI PATANI TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Current Lounia opened in Local Currency and Fixed Depoelle received for one free of olcarter pacioda un Local Berrancy and Bieling we karma which will be quoted su application. Hong Kong, ist January, 1930.

HONG KONG SAVINGS BANK.

The Bases of the above Teak la conduct AND SHANGHAI by the nONG

BALINO COEFONON

Bulse may be

obtained of apption LONG BEANGHAL

FOR THE BANKING CORPORATION.

INDIA, AUSTRALIA & CHINA.

Incorporated by 'Royal Charter, 1853.

HEAD OFFICE: LONDON,

Paid-up Capital

£8,000,000

Reserve Fund

.£4,000,000

Reserve Liability of Proprie

tors

£9,000,000

KUALA LUMPUR

KUCHING

MADEAR

Agencies and Branches:

ALOB STAR

Melay Slab)

AUBITEAR

BANOXDI

BATAVIA

BOMBAY CALCUTTA CANTON

SAW PORK

GSBU

COLOMBO

DAIDEN (Detay

Bouth Manshrufa) DELHI

TIENG FLAMBO

MANSOW

Manchuria)

HARITY

LONG TO

ILOILO

IPOH

КАРАСТЫ

KLANG

KODZ

YUALA YANGBAR

MANILA

MEÐAN

NEW YORK

PRKING

PENANG

PESITA WAN

BANGOON

BALOON

REMARANG

BERENDAN

BITANGHAL

BINGAPORE

BOURANAYA

TAIPING

TAVOI

TIENTHIN

TOLYO

TUNGKAH (Buk()

TSINGTAU

YOKOHAMA XAMEDANO A

(Plippine Islanda)

Parak (7-8.) Foreign Exchange and General Banking business transacted,

Current Accounts' opened and Fix ed Deposits received for 1 year or which will shorter periods at rates be quoted on application.

A. IL FERGUSON,

Manager Hong Kong, 8th January, 1929,

THE HO HONG BANK, LTD. (Established 1917)

Authorised

Israad

Paid-up

CAPITAL

Reservo Llabilities

Shareholders Surplus.

THE CHINA MAIL.

COMMERCE

AND

FINANCE.

WHY "DIFFERENCES" HIGH STANDARD OF

ARE LEGAL

MARGIN DEALING AND ·

GAMBLING

LIFE ASSURANCE

XO

WEDNESDAY, - JANUARY

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Jan. 3, June, June, ›

1080. 1918. 1914.

Butcher Meat.

Ct. Ct. Cts.

BRITISH ROADS

SYSTEM NOW IN STAGE OF TRANSITION

Beef Bizlola '.

Prime Cut Corned Roast

A.

29

24 12

80

10 · 11

.

--- 23, 12

H

Brosat

EUROPE'S NETWORK

Europe is developing a network of roads that, within a few years, -will | form magnificent motor highway throughout the length and breadth of the continent Yat Continental Europe must go a long way before it can surpass Great Britain, where the roads are now the Apest in the world.

+3

"Scup

Steak

ม

Steak Sirlon

» Sausages ...

Bullock's Brains .............

*

"

.

23 24 22

24 20

$4 $0.

18 24 33

'86... 10

each 65.

28 20,

-$4,20

82

per Bet 15

10

•

Tongue, fresh

50

-

Tongue, corned

3

60

Head

2

$1.20

Heart

#

Th

2.4

-

Hamp, Balt

20

10

Feet

each 10

10

n

Kidneys

W

16

10

Tail

20

Liver

"

BF 18. 24

Trips

8

#

H

Pig's Chitling

Theo. Sophian, writing to the "Financial Times" explains the differ ence between gambling and margin dealing

He says that the law, as #ots its face is well known, sternly against wagering contracts of any It in truo that there description are some few contracts which are en- forceable, at law, although they are Zar wagering contracts in essence, as, There is hardly a hamlet in tha British Isles which is not interested example, contracta for life assurance. Bat these rare exceptions only

and by a first-class thoroughfare, te prove the rule. Wagering con- these are kept in perfect condition by tracts as a class are utterly null and local authorities, which are subsidle- | Calves” Hand & Font and void, and our Courts will noted by the road board, from funds ob

Mutton Chop lend any assistance for their enfarge tained from the motorists themselves. ment

At the present time England is Having regard to the great amount going through transitional stage so i of speculation in stocks and shares | far as its roads are concerned. The being linked up by which goes on day after day, the lay-big towns are man may be somewhat inclined to great arterial motorways on which $20,000,000 wonder at the reason why such con any speed is possible, though it

are enforced by the Courts. legally restricted. These arteries are 8,000,000 tracts 4,000,000 Speculators, as distinct from inves designed to expedite, road traffic tors, are constantly buying and selling without regard for anything at all 4,000,000 shares, for a future date, without hav- except a straight line and an ideal 2.219,000 ing the least Intention, and in many surface,

Tourists who are motoring for plea- CARAH without ever being in a insacial

sure rather than speed would enjoy position, to take up or to deliver.

Such contracts, nevertheless, except the less frequented highways which

are also fine. in a very few rare

Byen the secondary cases, are being

roads In order to ap- constantly enforced.

are well surfaced and

graded. One-Way Traffic in Lendon preciate the reason for this, it is essential to understand the meaning

British traffic experts are consider in law of wager.

ing schemes for the alleviation of trafle congestion and in the cities ex- Sheep's Head & Foot.. periments have been conducted with more or less success. One-way traffic has partially solved London's pro- blems, although the congested streets of the metropolis cannot entirely be Sucking Pigs, to order. freed without rebuilding the city, Suet, Beef. which is impracticable.

Mutton

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

Every description of Banking and A. HYNES,

Exchange bazinosa, transacted. Chial Manager.

TAN ENG HOOI, Hong Kong, 18th Bagtember, 172.

Managar. Hong Kong, 16th May, 1929.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V

(NETHERLANDS TRADING 500IBTT) BANKSES

Id

www

Zamblished 1854. 6 og Kong Offer Queen's Road Ostra

Gallery 180,000,000-

·dashorised Ospital Paid-Up Depitel Quilla 80,000,000- (20,000.IT.) ......... Arkiders $9,000,000 Bers Fend

(28,838,868.) AMSTERDAM'). Enclar (ved One:-BATAVIA, #RANULES:-Bandisemanla Bandoong') Sombay. Louise, Cheribon, Db, Djok jakarta') The Hagus'), Jeddah, Kõõ Kota Badia, Maximaer, Medan, Puding Falembang, Pooting Rangoon, Botterdam'),

Bibolg BRADE'},

Blagapore, Boarabala, (UZZERWO Boerakaria (Bolo), Tegs, T And Wallevera

Pakalongan, Fansar.

1 These Bow have safe deposis bazes to lek London Bankura-National Provincial Back Ltd.

Porrspondants at over his world

Banking busines of eracy

dancersion Granenched.

P. M. ELARDO,

Hong Kong 1h May, 2929.

Manigur.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital Fra. 72,000,000.00 Pald-Up Capital...Fra. 68,400,000,00 ..FT8.102,000,000.00 Reserva Funda

BRANCHES

Bangkok Hong Kong Quinhoo

Battambang, Hus

Canthe

anton

Mangtze

Saigon Shanghai

Nam Dinh Singapore Djibouti Neumes Thanhes Tiantain

Fort-Bayard Papente

Hanbonr 1 Palding

Hankow Hanoi

Paomi Fenh Vinh Pondicherry. Yanzenfa BANKERS:

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

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

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

Charter, 1899.

Central Bank in Zwemmen.

Bank-Howe inned Average amount in Xam. £5,000,000 BRANCHES AND AGENCIES: JAPAN ---Tokyo, Yekobansa, Esba, QuaICA... YOBMOBA: Zhan, Kagk, Kanaka **ng, Hetona Manto, Bhimahiku, Triba, Tan,

The London County Wasturinatar and Parr's Bank.

|

Attempt have been made in a num ber of cases to provide a definition of wager" and from these definitions it

appear that the line of de a wagering con- marcation between tract and a commercial contract of a speculative nature is indood very

fine.

Mutual-Risk

In order to constitute a transaction a wager there must not only be a

mutual chance of loss or gain, depen- dant un an uncertain event, but the tranzaction must be entered into on the torms that the deterraination of auch uncertain oreat shall be the sole setco of the contract; if there are obligations outstanding,

Brains

26

Foot

*

Fry

+4

Head

Heart

Kidneys

Liver

17

Pork Chop

Leg

Lola

Fat or Larð

Л

#

PAFM set $1.20 $1.00 $1.00

I! ERERNE. 2185-BERITASR 8 - - B 5 - 8 -1

¤¤¤¤¤e lace--gle lead)|

Poultry.

Chicken Capons, Small Capons, Largo

Duck ... Dover

Eggs, Hen (cooking),.. Eggs, Hon (fresh) Fowls, Canton

Fowls, Hainan Grease

Pigeons Canton

Hofhow

Turkeys,, Cock Turkeys, Hea

Snipe Pheasant

Quall

Partridges

Fruits.

RE

CRA

AO ZRNER:

CHAISESS

Jan. 8, June, Jons,

1930. 1918 1914. ́Cta. Ote. Gta.

tb 56 80 81

40

45 .:28.

80

BO

26 29.81

per dos. 8418.

38 25 20

60 36

24

48. 85 24

11

B&

242 24

80 28

45

each. 45

WAY: 40

Ib. 00

! 5651

"

65 pair 1.80 each; 21 85

Almenda

lb.

83

Apples (California)

金山辣联

24

Bananas (brida's) ...

舊山香蕉

Carambola 1

Coconuta

Lemons, China.

each 18 10. 10

### 1. 8 25 10

Bach: 15

སླ་འབྲཧྨ = གླུ | | | ཋ ཡཱ

lb. 42

H

Leg Shoulder Saddle

42

26

40

24

ET

#

45

3

-30 ---

Per wat B

15

16

28 -15 18

18

20

esch 15 10.

Lemons (American)

18

10

Lichees, Dried

荔枝干

85

48 80

05

Oranger (Canton). Oranges

10 新會翻柱

35

#

18

40

60

Pears (Craton)......

16

22: 21

Ponnuta

#

per set 9O

60

生" 18

each 12

15

12

Persimmous, Large ........

Plantain

##

12

*

42

28

Pamelo, Siam ****

each 14

5 A

12

25

25

4. Th 10

80. 20

42

26

30.

20

28

"

Heart

Kidneys

Liver...

H

Sausages

No.1

Fish.

Flib

甜 猪羊羊羊牛乳牛牛

One-way traffic has done a grost|| Venl deal to speed up traffic at the vari ous "clreuses" which are a feature of London atreste, but they are not popular with the general public, which finds it very dimcult to cross the live stream of trafle which constantly Barbei surges along during busy hours.

མལ་་ Talad, Tamsul, Teen, Helio, Talk'

Road maintenance in Britain is very Henlow, An03, Wooshow, CHINA 1-hanghai,

Bestow, Canion.

thoroughly achieved.. Motorists are Canton Fresh Water #337k OTHER: Singapore, Barabar

taxed in accordance

with the horse ENTRE PAM ria. Homber

Castany farther

as, for example, an obligation to depower of their vehicles, and it was Carp London, York, Dalam

LONDON BANKEES ↑

liver or to accept goods, the transac- originally laid down that all tion cannot be regarded as a wagering derived from the tax should

moneys Catisk be de Codfish contract,

vated to road construction and repair.

Road dressing has presented some Craba difficulty. Part of the historic Great Cuttle Fish North Road, which runs from London Dai to Edinburgh and which negotiated on top gear all the way by a moderately powerful car, was Dog Fish declared to be dangerous because of Ecls, Conger s surface which was

conducive to skidding. The section was pulled, op and a more efficient dressing employ ed.

The Bank has Cornepoodsate in all the pain opal Commercial Contess throughout the world.

Mangst.

HONG KONG BRANCH:

NAGURA

14, 20% Youus Bood Canizal. Hong Kong. 19th January, 1999.

Established 1912,

1

Head Officeflong Kong,

сад

Dace

Fresh Water

Yellow

As Lord Justice Scrutton put it: "If the contract was to result in the delivery of goods or in the passing of property it was not gaming or wagering. If it were a contract in which differences da prices were to be THE BANK OF CANTON, LTD. It was not a gaming contract unless it could be shown that there was an agreement between the parties that the purchaser had no right to claim delivery of the goods and the

Frogs seller had no right to claim accept- Special Non-Skid Surfaces Garoupa Most of the main roads of Great Gudgeon ance.

tests to the Britain are covered. If ono applies these

with smooth usual kinds of dealings on the Stock and very durable dressing, auch na

Harrings Exchange such contracts withstanding, perfectly valid even have been tried and one small sec-Labrus

not tarmac. India tubber-surfaced roads Halibut though the broker may know that histion, in a ofty stroot of London, has Losch ellent is really only speculating in stood up wall to the very 'consider differences. Such transactions are able traffic which passes

Lobsters aver the not wagers, because there is a definite Specially constructed non-skid ani. Mackeral obligation to accept or deliver the faces are a feature of the madera Monk Flah stock as the case may be.

Toads and reinforced concrete is be- Mullet brokering employed on many of the arOystera Thus, in Thacker v. Hardy was employed by a client to speculate teries.

Authorised Caufsal (R.B. Ozrency) --#11,000,£OG Paid Up Caglial umerenommen 8,061,300 Here Fund CHERING THE EAS

50,000

DRANCHPA-

Canton Banghel, Hankow

Bangkok, New York nad Han Francisco

LONDON BANKRIS 1----- The_Lloyd's Best limited DOBAXSPONDENTS

In all principal chiles of the World. Forsign colors and buzzing buildens af arry description transsosed.

Jule Deposit Borm (variona dine) sà a guarly seated at kroni 65 so 340.

LOOK PUDNG SHAN,

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

THE BANK OF CHINA. 行跟國中

(Specially Authorised by Presidential

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

Authorized Capital

IN LONDON: The National Pro- Tincial & Union Bank of England, Pald-up Capital LAL; Comptoir National d'Escompte Reserve Fund de Paris; Credis Lyonnais.

IN NEW YORK: J. P. Morgan & Co. French American Banking Car peration; Guaranty Trost Co. of New York.

Interest allowed on Gurrent Ac counte and Fized Deposits according te arrangements.

Every description of Banking and Exchange Business transacted. Bafe Deposit Boxes to let.

VALECOT,

Manager

Hong Kong, 1st May, 1929,

THE YOKOHAMA SPECIE BANK,

LIMITED

hlished 1830. Capital (fully paid-up) Ten 100,000,000

HEAD OFFICE: PERING.

zre,

on the Stock Exchange, but the client, The average touring motorist in Parrot Fish

the broker well knew, had no in fond of mountain scenery and it Perch tention to accept the stock bought for may be said that those roads which Piko

him, or to deliver any stock sold for permit the tourist to explore the Pisice

hima, bla Intention being merely to mountains of Walas and Scotland are Pomfret, White

differences. The broker, in gener

gamble in out thena operations generally good, though, they". RAVE Pomfret, Black

order to carry

enter into was obliged

to

real

been more neglected than those bar England itself. The worst gains in some cases for the purchase roads are to be found in the High Bay

are at hard.

of British PraWZS

To relatively, / Koach

and in others for the delivery of stock, lands of Scotland, but improvements Rock Fish under which ho became personally are

that Scottish $50,000,000.00 | liable. It was held that the contracts roads are bad is to 18,278,500.00 entered into batwteen the broker and They say, not as

good

as English Salmen 9,829.425.24 his

but to conform to such a Shark ellent were not wagering contracte roads, and that the broker was accordingly standard roads must be nearly per- Skate antitled to an indemnity,

fact. Welsh highways are better Shringa. So again in the recent "Francs than those of Caledonia, but that HONG KONG, BRANCH:

vass” ~~ (Ironmonger `ve,

Shepper Dyne) the still fall below those of England.. 4, Queen's Road Central

Court

Appeal pointed out that the Constant improvements' In

Boles highway Branches and Sub-branches all over transaction could not be regarded as engineering methods, as well as red Tench China and Correspondents in Europe being a wagering contract since the pairs which keep the roads continu- Turbot

plaintifs in that case had covered onsly in first-rate condition, have Turtles, small, fx. America and olhar parts of the world.

Lendon

commercial achieved for Great Britain an envi- Bankers The National themselves by genuine Provincial and Union Bank of Eng contracts which could be enforced able reputation and tend to keep her land, Ltd. Th

against them, and which protected one jump ahead of all rivals in the The Guaranty Trust Company of them against actual payments of maintenance of good roads. →

francs to the defendant. New York.

New York Beakers-The Irving On the other hand, a transaction National Bank.

which is ostensibly one for the sale

DA DE SAN DE DE DE BAIE ZEESISTUTÉKA

猪肚.水

ཏུམ་འབལླ ནལ་ཟ ད ད རྫས སྦྱོ བ ར ར ར ང པ བ་ ་

*

Walnuts......

Grapes

Vegetables, &c.'

Beans, Sprout ...

Artichokes

#

lb.

48 10

24.

35

20 10

Long

Best Root.i

85

Bitter Squash

n'

88 18

18

82

-10 27

21

40 13 $

"

48 16

17

"

#

Brinjal, Green

.Red....

Cabbage, Chiness

>

(Shanghai) 2.

82 -23 *26

25 16 27.

44 28 10

Cane Shoots, tranch

Cauliflower (Large) .. (*(Madium),

Carrota

(Sma3).

Celery, Chinesa

8:

each 10

10

sach.16

18

SE

10

#

15.

纏奧榮:

10

#T

25

SEB 2

16 10

8

Grben

### #

Garry Stur, English., 25/

*Cucumbers

Ginger, Young .......

014.

Horseradish, Shanghai

Water Chartaute

· Mandarin. ***D ̈

Mushrooms, Fresh- Okroes

Onions, Bombay

Green Shanghai

24 20

84. 10 .8

水

85

10

12

-94 10 18

Chiflet, 'Dried

Red

56 28 30

"

"

82

32. 26

26

40 ,80

.32

22

18

80 18 28-

Garile

28 18 15

60 82 13

60

22

24

Indian Corn

48 82 21

Laticce

12

38 20 20

36 13

2

20

12

M

公雄

M

88. . 14

0

42 20

16

44

#

10. 9.

46

28 (529

88

88 45

Parsley Potato, Sweet

.62

10 14

24

1014

81 13 18

82

22-10

· Radish

88

8080

20

8. 10 20:10 10

80

44

40 28.23 22:28 367-262-85.

Η

筑花

REFREEHBRU

and that an annual sum

hould be contributed out of Commonwealth revenus-toward- interest payable on State: 16an," The co-ordination and

the Loan Compreng undertaken-

The Equitable Trust Company of and delivery of stock or shares may New York:

in reality be a wagering contract it AUSTRALIAN DEBT regulation of Interest allowed on Current Ait has been entered into on the under counts and Fixed Deposita. Terms.on standing that there should be no obli application.

Every description of Banking Butt

ness transacted 19 08

Loans granted on approved secur,

gation on either party to call for or Excellent Record During to accept delivery of the stocks or

of

but that, mere payments differences should be made by one or the other, according to the price of Epecial facilities for Home Krunch stocks of shazas at the date of change

supposed delivery enggakan pen

SHOU J, CHEN,

Z

Past Year

E

The not change;

•ing the yeaS

Trota

THE MERCANTILE BANK OF INDIA LTD

THE BANK OF EAST ASIA, LTD.

HEAD OFFICE: HONG KONG, 2010, Des Voeux Road Centra

relled upon market.

to preserve proper balance in de

the investment that body started but with the Cont www.monwealth accepting responsibility for: #371,000,000 in London, £80,000,- 000 in New York and 2809,000,000 £ debt position raternally, that being the composition rkádly as a whole dor of the relative State debts us at July

1. last anded Jully last. The

Commonwealth

lability for the debts Mhe estimate (cabled

JAPAN'S FOREIGN TRADE

esterday.

נג'

: Japanese

Pumpkin

Rhubarb (Fresh) Shalikota Spinach

Tornatoná

183:12.

TATRE

Turnips, Panti

Vegetable

Waber

Water Lily Bo

4

您飒

བྷཤཋ་ཨོ་བྷཋབྷཀཋསྐརྨཱཧྨཋམསྐ།

10

BUSINESS DIRECTORY

BOOKBINDING.

THE NEWSPAPER

PRISE LTDA *-for-Superior: Binding GiChina Mail? Ofoes,

BA, Wyndham Street, Tel.

DENTIST.

HARRY FONG;

ast noor, NG? 745 Suvi Centra)

FOR BETTER PRINTINGA

THE NEWSH

PRISE General

[China

#8A4Wyndham Street, Tel

HAIR DRESSERS & BOOK