1930-03-27 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital naaswenanam $50,000,000 Issued and Fully Pald-up mamom $30,000,000, Reserve Prada --

Th

Bilver

£5,500,000 ..$9,000,000

Berre Liability of Proprietors 30,000,000

HEAD OFFICE: HONG KONG

BOARD OF DIRECTORS -

2. a. Plummer, Esq.

Chairman,

Cf. H. Mackie, Ken,

Deputy Chairmas.

1. D. P. Balik, Esq.

W. II. Del, Esq.

4. I. Campion, Esq.

3. Lander Lewis, Eng,

'AMOT

ВАНОКОК

RATAVIA

BOMBAY

CALOUTTA

W. L. Fattendan, Esq.

T. B. Pearoa, Esq.

.T. 14. R, HHAW, Raq,

3. P. Warren, Esq.

Acting Diet Manager,

V. M. anyburu, K.

BRANCHES:-

LONDON LYONS

MALAUJA

HANILA

MAIL utaru)

MERDEN

PENANO

CANTON

CREFCO

NAOABAZI

COLOMBO DAIREN FOOGEOW

NEW YORK

PEIPING

HAIPHON

HAMBURG

HANKOW

HABRIN

HONGKEW

ILOILO

IPOU

JOBORE

КОЕТ

EOWLOON

ZUALA LUMPUR

BANCOOR

NATUON

SAN FRANCISOG

SHANGHAI

BINGAPORE

BOURABATA

YOKOHAMA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON, Paid-up Capital

..£3,000,000 Reserve Fund.£4,000,000 Reservo Liability of Proprio-

tora

.£3,000,000

Agencies and Branches:

ДБОЯ БТАВ

(Miny Blaka)

AMRITSAB

HANURO

BATAVIA

BOMBAY

CALCUTTA

CANTON

DAWNPOBR

CHAU

COLOMBO

DALEN (Delos

Bouth Manchuria)

DELHI

HANKOW

KUALA LUMPUR KUCHING

MADRAS

MANILA

MEDAN

NEW YORK

PESHAWAR

PKKING

PENANG

RANGOON

NAIOON

SEARMBAN

BEMARANG

SHANGHAT

BINGAPORE

BOURADAYA TAIPING

1F.M.B.)

TAVOY

HAIPHONG

HAMBURO

TLDRIN

“[N. Manchufa)

RONG XUNⱭ

TIENTSIN

ILOILO

TOKYO

IPOS

TONOKAK (shot)

KAHAGEL

TSINGTAO

KLANG

KORK

KUALA KANGSAR

Park (PMR)

YOKOHAMA

ZAMBOANGA

Philippine Islands)

THE CHINA MAIL.

GENERAL CHAMBER

COMMERCE

Points from the Annual Report

TREATIES OF COMMERCE

A

The following are further excerpts from the annual report of the Gen- eral Chamber of Commerce:

The Federation of Chambers of British Empire Commerce of the wrote on February 6, 1929, stating that the following cablegram had been despatched to General Hertzog,

Foreign Exchange and General Banking business transacted. ed Deposits received for 1 year or South Africa, as a result of a special Current Accounts opened and Fix-Prime Minister of the Union of shorter periods at rates which will meeting of the Counell of the be quoted on application.

Federation held for the purpose of A. H. FERGUSON,

of the Manager, considering certain clauses

South African Trade Treaty with Hong Kong, 8th January, 1929,

Germany which was then before the Union Parliament for ratifica- tion -

HUNGHI PATANI TIENTSIN

TOKYO

THINGTAO

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

CAPITAL.

Authorised Issued

Paid-up

Reserve

Liabilities of

Shareholders

$20,000,000 8,000,000 4,000,000

4,000,000 2,219,000

Current Accounla opened la Local Currency sad Fixed Deposita carained for one yo

berter periods in Local Currency and Harllog term which will be quoted en applicati Hong Kong, thjMarch, 1998,

HONG KONG SAVINGS BANK.

The Busine at the above Bank is conduct

by the HONG RUMO AND BHANOLAL

Bules may b

BANKING COUTORATION,

oblond co application.

FOR THE HONG KONO SHANGHAI BANKING CORPORATION.

V. M, GRAYBURN,

Aeling Chief Manager.

Hong Kong, 17th March 'tgu

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY) BANKERS.

Established 10N. Tung Bang Oo9-11 Quin's Blood Central Authorland Capitel Quilders 180,000,000-

{213,500,000.) Fald-Up Capital

Qul 8,000,00

(E9,000.007.) Barres Fund ...Builder 40,000,000

(46,637,533.)

Bad Office—{AMSTERDAM”). Eastern Road Ulse:-BATAVIA, BRANCHER -Bandjermanin Bandong') Bornber

Surplus

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, 1989.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Taipeh, Formosa Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formosa,

Bank-Norse istus Average stoouale. 46,000,000 BRANCHES AND AGENCIES: JAPAN-Tonya, Yokohama, Kobe Osaka. JURMOSA :-Õirin, King, Karvaka, Keelung: Makona. Nieto, Bicabile, Taichz, Tainan, Takao, Tamaul, Tosa, Hefto, T'alto. CUINA kanghui, Hankow, Amor, Toschaw,

Bestow, Canton, UTILERS:-Hong Kong gapore, Boarabera,

Bamaruby, Valala Bombay,

Calcutta London, New York, Daliwa.

LONDON BANKKAS:

Eatoulie, Chariton, Djember, Djok:

The London County Weiminatee and Furr's Book, [skarla') The Hague'), Jeddah. Kobe. Kure-Badiu, Makisar, Medan, Palang

The Bank hae Corsepondanta in al se pri Priebung, Feksiongo Foullanan Bangoon icter elped Commercial Cantra throughout th

K. NAGURA Scam Bingapore,

Foscaba Sorakaria (600) Topal. Tap HONG KONG BRANCH,

Vour Head Cantrel and Weliereden.")

Hong Kong, 19th January, 1929.

Shangha Albules

* Thane odong kare sale daponis buxm to lek Landau Barbara (—National Provinatal Beak Lid

Borrerpendenta all over the world

Banking buslams of every description tracszoled.

P. Y. ELDEEG

Hong Kong, Tìth May, 1929.

Mahagor.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

#6, Houlevard Haussman, Parla Subscribed Capital Fra. 72,000,000.00 Paid-up Capital...Fra 68,400,000.00 Reserve Funds ....Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon Battambang Hue

Saigon Gunthe Mengize Shanghai Canton Nam-Blah Blogapors Djibouti Neumen Thankea Fort-Bayard Papeete

Tientsin

Haiphong Peking Tourane

Hankow Prom-Peak Vinh

Hanoi

Pondicherry

Yunnanfu

BANKERS:

Managar,

AND

FINANCE

BANK OF CANTON

Dividend of $2.40 Declared

ANNUAL MEETING

The 19th ordinary annual general meeting of the Bank Canton, Ltd., was held at 2.30 p.m. yesterday, in the Board room of the Bank on

the first floor of the Bank's pre- mises, No. 6 Des Voeux Road, Con- tral, Hong Kong.

version to penny postage in the in terests of Empire trade. was re ceived from the Federation of Cham- bers of Commerce of the British Empire in March, 1929. Tho

Mr. Li Yuk-tong Chairman of the letter, which

was signed by the President of the Federation and the Board, presided and among those representatives of other leading present were:-Messrs. Li Sing- commercial and industrial organisa-kul, J. M. Wong, Li Po-kwai, Tam Woon-tong. Ng Yee-hon, Chan Fu- tions, referred to the estimated surplus of eight million pounds toung. Ng Iu-ting, Tsang Iu-ting, LI Yik-mui, Look Poong-shan sterling on the postal services for

(Chief Manager) and Li Taze-chung 1929 and stated that the loss of revenue consequent en a reversion (Manager), (Directors) and the following shareholders:---Alesgrs. to the penny letter-rate would fall Leang Yuk-skan, Lam Kam, Li considerably short of this amount.

Chan Sung hon, Yeung You, Cheng upon the Post Office revenue should Yuet-po. Li Wai-tsel, Li Cheuk- It was submitted that the first calling-chiu, Look King. Ko Wing-po,

be for the provision of a cheap and cheong, Ng Chuk-chuen, Quan Shu- efficient service and that this object john and Fung lu-cheung, should not be made subservient to The revenue raising purposes. restoration of Imperial penny post- age in Canada and its use in New was referred

Zealand

BA

to the urgency of a "The Federation of Chambera emphasising of Commerce of the British Em-similar reform in Great Britain. pire respectfully urges the Soath having regard to the ever-growing African Government to recon- importance of its trade with the sider. before ratification, the Empire overseas, terms of the Treaty with Ger- many.

The Federation learns with deep concern of the proposal

Fire Prevention During Water Shortage

An acute water shortage prevail to undermine the principle of pre-ed in the Colony during the early ferential tariffs so important to part of the year--a condition which British it is hoped will be obviated in all constituents in the Commonwealth of Nations by future on completion of the pipe line extending to a foreign country bringing water across the harbour any future preferences."

to Hong Kong from Shing Mun on Article 8 of the Treaty (which the mainland. During the summer has since been ratified) places Ger- the Fire Insurance Association of many on the same basis as Empire Hong Kong took into consideration countries in respect of any future the question of fire protection dur- preferences which may be extended ing periods of restricted water to Empire goods, whilst Protocol 3 supply, with special reference to a provides that should the special pre. fire which occurred in June at No. ferences at present accorded New 18 Cochrane Street. At the request Zealand and Canada be extended to of the Association, the Chamber any other Empire country, they brought the following points to the shall automatically be extended to notice of the Government:- Germany, The Chamber wrote on

(1) Water was not procurable it was in

from hydrants for about 20 March 26 stating that

minutes after the arrival of agreement with the protest entered

the Fire Brigade. by the Federation.

The Government wrote on Septem- ber 11, 1929, enclosing copy of a despatch from the Secretary of State for the Colonies, together with the text of a Treaty of Commerco

between and Navigation

Great Britain and Northern Ireland and the Republic of Panama, and ask Ing the Chamber's opinion as to the

THE BANK OF CANTON, LTD. advisability of acceding to the

Established 1012.

Head Office:-Hong Kong..

Authored Capital (H.K Ourrency) ...$11,000,000 Put On Capital 6,660,000 Bessers Fand

860,000

BRANCHED:__

Ganon, Bhanghai, Hunkra, Bukow,

Treaty. The Chamber expressed the opinion that notice of accession to the Treaty should be given on behalf of the Colony.

The Chamber also agreed with the accession of Hong Kong to a Treaty

Banglok, New York and San Francisco of Commerce and Navigation be. tween the United Kingdom and

LONDON BANKERS 10. The Lloyd's Bank Idmitad. CORRESPONDENTS

In all principal mitise of the World. For bazgo and banking businaan of very cription Granted.

Bafe Depot Boten (various dam) at a yearly til at troos 88 to $40.

LOOK POONG SHAN,

Chief Manager. Hong Kong, 18th February, 1927.

THE BANK OF CHINA. 行銀國中

Beorganised October 26, 1928, ander

IN FRANCE: Comptoir National special charter of The National Gov- d'acompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas ornment as an

Credit Industrial st Commercial; Bo-

clata Ganwale.

INTERNATIONAL EXCHANGE

BANK

IN LONDON: The National Pro Subscribed Capital ....$20,000,000.00 vincial & Union Bank of England, Paid-Up Capital ..$24,710,200.00

Guatemala.

The application to the territory under the Hong Kong Government of the Anglo-Japanese Treaty of Commerce and Navigation as modi- fled by the Supplementary Conven- tion of July 30, 1925, was notified in the Gazette of January 17, 1930 (Reference to the modified Treaty appeared on page 16 of the Annual Report for 1928).

Imperial Penny Postage

A copy of a letter addressed to the Prime Minister calling attention to the surplus on the postal services

(2) The fire floats were not used, the reason being understood to be that it would have neces. sitated the interruption of traffic on three main roads. (3) Water pressure

was reduced by the interference of people who scized the opportunity to obtain the unexpectedly avail able supplies at the street fountains.

(1) Heavier demands

were made upon the limited fresh water supply through not using the flre floats.

In writing to the Government on the subject, the Committee auggest. ed that it might be possible to picket

of

the area in which a fire occurred-and to divert or hold up traffic, rather than use fresh water in time water shortage to cope with out breaks of fire near the water-front.

The Government's reply was that in the particular case mentioned, the fire floats could not have been used because the distance from the nearest point in the harbour to the To scene was about 400 yards. cover this distance and convey sufficient quantity of sea water to the Bre, it would have been neces sary to use lengths of hose amount-

by the Exchequer and urging a re-ing to a total of no less than 3,200

Ltd: Comptoir National d'Escompte Reserve Funds.....$ 3,820,503.82 Why Girls Are More

de Paris: Credit Lyonnais.

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

P

Interest allowed on Current Ac- counts and Fixed Vecorits according to arrangementa.

Exchange Business transacted.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4. Queen's Road Central.

Worry Than Boys

A Warning To Parents.

yards, and the laying of these would have taken at least an hour. As It was, water was made available from the mains in twenty minutes and the fire was entirely extinguish ed in 1 hours. The amount of fresh water used annually for fire

never exceeded one million gallons

of the total consumption:

University Commercial. Course Fund

In the matter of health girls | fighting purposes in the Colony had Owing to our numerous branches in Usually cause less worry to their Every description of Banking and China and large connections in the parents than boys during the first a year, an extremely small fraction

After that are usually reversed, as and

BOON

girls 'enter they teens

too often worry

Safe Deposit Boxes to lat.

Manager.

A. LECOT,

Hong Kong, lat May, 1929.

Important commercial centres of the ten years of life. world, we are able to extand to our things clients special facilities for domestic

and foreign banking and exchange. their

We also handle the issue of Bonds!

THE YOKOHAMA SPECIE BANK, abroad.

LIMITED.

Established 1886.

Hong Kong, 6th March, 1930.

Capital (fully paid-up) Y 100,000,000 THE INDUSTRIAL & COMMERCIAL everye Fund ...... Yêu 112,500 091

Head Offer:—YOKOHAMA,

Branchion and Agencies at:

Alexandria

BOMBAY

Husnes Ayres

Temporarily

slosed), Calcutta

Canton

Changchun

Jairan (Daly)

Newchwang

Nagoya

New York

Peking

Rangoon

Rio de Janeirs.

Ciaka

Baigon San Francisco Bemarang

Zingtion (Mulden) Beattle

Bingapore Sberabaya

Tokyo

vostock

porarily

Kong 10th March 1980.

As the result of a circular appeal to their to British Members of the Chamber

and other Publie Funds of the Chin- prove ese Government both at home and parents. Perhaps their strength in 1926, sufficient funds were raised Is sapped by too rapid growth and to enable a grant of $12,000 a year SHOU 3. CHEN, study, or their system is unable to be made for three years to the Manager to meet the demands made upon Commercial Department of the Uni

It through reasons of sex. They versity of Hong Kong. The period get peevish and irritable, become of the guarantee having expired, a pale and alckly and are always circular letter was issued on May 24, 1929, to enlist the sympathy and alling. A

wise mother recognises support of the former, and possible these signs and takes prompt future, subscribers to this Fund, steps to banish them by giving which was inaugurated for the pre- her daughter Dr. Williams' Pink motion of British rade interesta Pills. From her own experience through education of Chinese along British lines. In response to the she knows that under the influ-

BANK, LIMITED:

HEAD_OFFICE:

12-14, Queen's Road, Central, Hong Kong.

BRANCHES:

Shanghel, Hankow, Canton, Kongmoon.

CORRESPONDENTS

ence of these Pilis pale, anaemic, appeal, a number of British firms

pledged themselves to contribute

In all principal cities of the world sickly girla regain their vitality annually for & further perfod of Every description of Banking and colour and charm. Their eyes three years, and it was found pos

Exchange business transacted We offer prompt and personal service.

ATIENMU KLIN,

General Manager.

INDIAN COTTON

Bombay, Yesterday

|

|

Satisfactory Results The Chairman sald:-

The working during the past year shows very satisfactory results and ia comparatively better than the previous year. The large increase in our exchange business favoured by our countrymen residing in the gold currency countries is the chief factor attributable to these happy results.

The net profit, Including $45,- 992.26 brought forward from last account, and after paying all charges and writing off bad and doubtful debts, leaves the sum of $1,396,395.70 for appropriation and with this it is proposed to:

Transter to the Reserve Fund $150,000.00.

Transfer to the Reserve for Bad and Doubtful Debts $500,000.00:

Write off Furniture, Fixture and Vaults Account $1,941.16.

Write ON Stationery Account $11,714.33.

Write of Branches Organisation Account $10,900.50.

Pay Dividend at $2.40 per share $519,936.00.

Pay bonus to Directors and Staff $86,080.50.

Corry forward the balance to next account $100,843.22. Total $1,396,- 305.70.

I take this opportunity to express! our high appreciation of the ser- vices rendered by the Bank staff here and abroad.

As there la nothing more for any special comment required from me I now propose that the report and statement of accounts for the year' ended December 31, 1929, be adopt-

·ed and when this has been seconded I will be pleased to answer with my best ability any question that share- holders may ask.

Mr. J. M. Wang seconded the pro- posal, and the report and statement of accounts were unaimously adopt-

ed.

Mr. Ng Iu-ting proposed and Mr. Li Sing-kul seconded, that Messrs. Percy Smith, Sath and Fleming be re-elected auditors for the ensuing

year.

This was agreed to.

of $10,000 per annum for the years 1929, 1930 and 1931.

Eitel's History of Hong Kong Towards the end of the year the Committee considered the feasibility of of promoting republication Eitel's "History of Hong Kong," which gives an historical survey of the early relations between Great Britain and China, followed by a detailed narrative of the events which led up to the cession of Hong Kong and an intimate account of the Colony's affairs during the first -forty years of its existence. As the original publishers, who were ap proached in the matter, considered that the demand would not justify their undertaking the publication on their own account, a circular, was issued to test the demand for the

book amongst members, with a view to ra-issue for the account of the Chamber at a suggested retail price of $10 per copy. Nearly 100 copies were spoken for, but the Committee decided that republication would not be justified until evidence of 200 probable sales was forthcoming.

Membership

During the year there were four

withdrawals from membership of the Chamber, and the following accessions:-.

The Advertising & Publicity Bureau, The American Express Co., Inc., Messrs. Anderson and Asbe, The Canadian Trade Com missioner at Hong Kong, Messrs. R. Johnson & Co., Netherlands Selling Organisation, The Swedish Chinese. Export & Import: ¦ Co. Ltd Messrs. James Yau & Co. The election of these Members by

again sparkle with health; they sible, with the help of accumulated the Committee requires confirmation are no longer breathless and thin, interest, to promise a contribution at the Annual Meeting.

but hearty and full of life,

The reason why Dr. Williams": Pink Pilla are so successful In such casos is because every in- gredient in them is beneficial to Negotiations between the Gave the system, and one important ernment of Ind's and the Bombay element actually creates How matll-owners for rationalisation of blood, which is absolutely essen cotton mills are still proceeding.tial to victims of anaemia and

Following the announcement in those other allments so common. January that a number of mills among womankind. were amalgamating, it is how So give your del stated that a combine of fifty mills Confse of De is contemplated, and it is hoped the Pill

Imperial Bank of India will pravidé ner

Aery PEPS

always Mandy

COUGHS COLDS CHILLS

THURSDAY, MARCH 27, 1930.

CIGARS

Mildest

EVER PRODUCED

"ARGENTINOS"

$4.50 per Box 258. “CORONAS CHICAS”

$4.75 per Box 25s.

He

enjoys

it!

YOURS TRULY TOBACCO STORE. Opposite Govt. Radio Office. 22, Des Voeux Road, Central.

"THE RIGHT PORT IN SIGHT"

AROSO'S PORT

Obtainable Everywhere.

Sale Distributors:

H. RUTTONJEE & SON.

Wine and Spirit Merchants. 15, Queen's Road Central

SZERELMEY

STONE LIQUID

The Reliable Remedy for Damp Walls and Stone Decay

THE EXTERIOR OF THE

PENINSULA HOTEL

was Entirely Coated with this liquid

IT PREVENTS PENETRATION BY DRIVING RAIN

Stocks Carried.

REISS, MASSEY & CO. LTD.

Sofa Agents for

Hong Kong & South China,

CHY

LOONG.

NEW SEASON PRESERVED GINGER?

mpt, attention to Exporters LE

Centrál 3599,

Camión: Bond.;

Tel Kowloon 199

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