1930-09-13 — Page 11

SATURDAY, SEPTEMBER 13, 1930.

HỒNG KONG AND SHANGHAI BANKING CORPORATION.

Authorizel Cephal $50,6AUN,SAU Issued and Fully Patop a $20,004,1500 Renette Fuada:-

Burling

Silver

-----#19,300,00

Beer Lability & Proprietors ........... $20,000,000

. READ OFFICE: HONG KONG.

BOARD OF DIRECTORS:~

J. A. Plummer, Elg.

Chalan.

Hon. Mr. C., 9. Machlo. Deputy Chairman.

W. U. Ball, Esq. 1, M, J. J. Petroch

A. K. Complex. g. T. &. Parve," Eng.

B. Lander twin, Esq. T. H. R. Shaw. Ewa. *

Geki. Roy.

AMOY

MAXIKOR

BATAVIA

J..P. Warren, Ex

Chle! Manager,

V. M. Grayburn. Eng.

BRANCHES:-

LASBOS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.! Incorporated by Royal Charter, 1858, HEAD OFFICE: LONDON, Paid-up Capital

Reserve Liability of Pro-

Reserve fund ...

£3,000,000 £4,000,000

prietors

.£3,000,000;

Agencies and Branches;

U.S. TRADE.

ALOR STAK

·KUALA LUMPUR

ular Mantel

KUCHING

AMBRINATE

MADRAN

BANGKOK DAFACIA BOMBAY

A'A LOUUTA

ANTON TAWSFORE

Crat

COLOMI

DAIREN (Balay `

Nouth Manchuria)

DELBI

MALPHONE

HAMBUR

SUN, Manchurin)

KUALA KANGSAR

(Preak FM.S

MASILA

HEBAN

NEW YORK

PERING PESANG PESHAWAR KANDOON

SAZOUN

SEMARANG

SEHEMNAN

SHAKONAI

BISHAPORE

SOURABAYA

TAIPINO (8.31.5.)

ΤΑΝΟΥ

TIENTSIN

TOKYO

TONGKAR (1)

TS1801AO

YOKOHAMA

(plus tamales

ZAMBOANGA

Foreign Exchange ant

BANKOW

ITSADEN

LYONS

MALACCA

HONG RONG

IWIMBAY

MANILA

FLOND

CALCUTTA

MHAR bare)

1

KARACHI

CANTON

MAKDEN

KLANG

ensyon

NAGASAKI

K

COLOMERO

NEW YORK

DAIRES

PEIPIKO

HAIPHONG

IAMRUNG BANKOW UARDS

SAN FRANCISCO

MANGIAT

BOSOKEW

#10110

[203]

LOUGHI

SENURI PATANI

GENTSIN

KUBE

IDXTU

TSINGTAU

KOWLOON

SUALA LUMICH

PENAXO

BANGDON

SAIGON

SINGAPORE

•OUBABAYA

YOKOHAMA

Current Acpatata spatial fr Locat. Gurnesgy and Fited Deposity French fur vow sur Or shorter periods in Local Currency and Micros

ou let watch will be quoted in application. Hong Kong, at April, iven.

HONG KONG SAVINGS BANK.

The Bunk of the abuya Buak la gozduet- ed by the HONG KONG AND SHANGHAI BANKING CORPORATION, ilulas sony be abtained on application.

FOR THE RUNÜKOKU AND SHANURAI DANKING CORPORATSUN,

V. M. GRAYBURN,

Chief Maug.

Ulang Song. lb Juls, 1990.

NEDERLANDSCHE. HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDS PRADING SOCIETY)

BANKERS.

stablished $82,

Hong Kong Offer:-11, Queen's Road Contral Authorised Capital uilers 156,ront,nog-

(£12,500,000.)

Paid-Ep Capitul Gazón Quildora RM100 {1,020,1703 Shusetts us .................................$uilder= 40,015,200 (4,034,683)

Head Officer-ANSTENDAM” faster Hand Offeri—BATAVIA, GRANULES:--- Bandjarmasin, fandong, Bombay,

Calcutta, Cheriton, Djacabar, Djak. jakana, The Hague", Jeddah, Koba, Keis-Rain, Makasar, Medan, Padang Talenteng Tohatcargan Peng Pontianak. Hangson, Rotterdam”. Seinakng*

Bo Shengbul, (Somated), Singapore, Sauriala, Soeharto (Sota!," "Tegol, Tiliajag and Walterschau”.

• Thos oficer bare sale deposit Untes to it.

Lendon Bankers-National Provincial Tank Eid.

Cononpondents mil over the world

Banking businein at very description transacted.

A. STOKKINK,

Arling Manager.

Hong Kong. 10th August, 1980,

BANQUE DE L'INDO-CHINE

HEAD OFFICE: 96, Boulevard Haussmann, Paris.

Subscribed Capital Frs. 72,000,000.00 Pald-Up Capital...Frs. 68,400,000,00 Reserve Funds ....Frs.102,000,000.00

Bangkok

BRANCHES:

Battambang Hue

Onthe

Canton

Hong Kong Quinhon.

Saigon Mengize Shanghai Nam-Dinh Singapore

Dilbenti Neumea Thanhea

Fort-Bayard Papeete Tientsin

Haiphong

Hankow

Hanoi

Peking Inom Penh Vinh

Tourane

Pondicherry Yunnanfu BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnals; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So- cleta Generale.

IN LONDON: The National Pro-

A. H. FERGUSON,".

Manager. Hong Kong, 8th January, 1929.

THE CHINA MAIL. ·

Commerce

Finance

and

BOTTOM OF SEASONAL RECESSION.

SILK SHIPMENT.

EXCHANGES.

TO-DAY'S QUOTATIONS.

On London-

exceptionally light. Stock trans-June, 28 reported gains over a year actions totalled 47,746,000 shares, Jago and 22 reported decreases. For the smallest of any month this year, the six months to June 30, the a decrease of almost 60 percent aggregate sales show on increase of from the corresponding month of 3 per cent., with 87 aystems show- last year. Prices were Irregularly ing gains and 11 showing decreases. upward after experiencing some Department store sales for Juna selling pressure, in the opening week show a decrease of 10 per cent, when and, by the end of the fourth week, compared with June, 1929, and, a | is confidently expecting a return to had recovered over half of the lossen decrease of 5 per cent. over the six-

normal production. Meanwhile, re-austained in June. The market fall-month period. tail sales continue to exceed produced to break through the resistance

Commodity Prices, tion with the result that dealers' points, however,' and further wenk Commodity Prices continue to de stocks of both new and used cars ness developed in the closing week, eline though at a somewhat slower have been lowered appreciably, June but the upward trend was renewed rate than in the previous month. production of motor vehicles was in the closing day with the result Fisher's index for the week ended 336,475 units, of which 289,245 were that stock values showed a net gain July 26 was 33.3, compared with Business and Industrial activity passenger cars. This compares with of 22 per cent, for the mouth. ** 83.4 in the previous week, 84.5 two receded further during July due à total of 417,406 units with 362,522 The New York Times average of weeks before and 86.6 three weeks largely to the effect of seasonal in *passenger cars in May, and 545,932 50 combined stocks opened the before and 85.7 on June 28, fluences which accentuated the re-units with 451,371 passenger cars month at 193, fell to 188,36 on the cession of the previous months, in the record June of 1929. For the 8th, rose to 207.12 on the 28th and Extremely hot weather and exten-frst six months the total output was closed at 199.54, a-net gain of 6.54 sive shut-downs for Inventory- 2,219,546 units, compared with points. This is the first net gain Silk forwarded from here by taking or vacation perioda reduced | 3,221,443 in the like period of 1929. Įsince March, and brings the net Empress of Aala on August 20, the activity of the basis industries The current total is slightly above decline in the average for the year arrived in New York (St. John'á General to new low levels for the year. On the average for the period in the to date down to 6.86 points. Park) on September 12, having

the other hand, business sentiment | previous five years.

Dealings in bonds amounted to been 21 days in transit. Banking business transacted.

Current Accounts opened and Fix-appears to be changing for the Construction Contracts. |3100,802,300, a decrease of $95,046,- |

There is a growing con- ed Deposits received for 1 year or better.

After making a comparatively [000 when compared with the pre- which will shorter perlodant rates

viction that the bottom has been road showing in June, building vious month, and the smallest total| he quoted on application.

reached and that n'steady upturn is activity as measured by construction of any July since 1923. The aver- in prospect. Production has de contracts, showed a sharp seasonal age of 40 domestic issues opened the

than clined more rapidly

con- decline in July, bringing the daily month at 86.40, rose almost uninter- sumption, with the result that sur average to the lowest point since ruptedly to 87.88 on the 30th, and plus stocks have been materially re- March. Contracts let during June closed at 87.81, a net gain of 1.41 THE HO KONG BANK, LTD. |duced. There is an abundance of amounted to $600,573,400 compared points.

credit available at low rates for the with $467,416,000 in May and $529,- autumn demand. Savings deposite 801,100 in June, 1920. This was New securities offered to the are increasing and seasonal pro- the largest munthly total since July, públic in July totalled 8564,799,000, Straits $20,000,000jects are relieving the unemploy- 1929, and brought the aggregate for of which $610,999,000 was in bonds

8,000,000 ment situation.

the six months' period to $2,638,- and $58,740,000 in stocks, compared 4,000,000

The Steel Industry,

013,300, which is a decline of only with a total of $496,787,000 in July, On demand 4,000,000 With the exception of the holiday 12% per cent. from the total for 1929, of which only $260,300,000 Credits. 2,620,000 week steel mill operations held the similar period in 1929. At the was in bonds and $286,457,000 was.

sight HEAD OFFICE: SINGAPORE. steadily throughout July at about end of May the total value of con- in stocks. The changing character

Ou New York- Branches, Agencies and Correspon 57 per cent. of capacity. This re-tracts awarded was 18 per cent.of the bond market is aptly illus-On demand .... dents in the principal cities of thelatively low rate of activity was due below that of last year. For the trated by a comparison of the Credits. world.

Every description of Banking and primarily to a falling off in the first 21 days reported in July confinancing during the first seven sight Exchange business transacted. automotive demand because of shut- | tracts were valued at $206,975,700. | months of this year with the like On Bombays TAN ENG HOOL downs for Inventory-taking and a decrease of about 41 per cent. period of 1929. Bond offerings Wire

Manager "vacations" by several of the lead- from the total in the corresponding since Junuary 1 total $4,030,863,900, On demand

ing producers, including Ford. The period of last year. The cumulative against $2,852,090,500 last year, On Calcutta- fact that the rate remains practi- tofal from January 1 to July 25 while stock offerings are

only Wire cally stationary is interpreted by stands at $2.937,173,500, which is 3636,215,236, compared with $1,967,- On demand AMERICAN EXPRESS COMPANY, the trade to mean that the bottom about 17 per cent. below last year's 880.700 last year,

On Singapore has been reached, and a more de- figure. The public works and utf8-|

Money Rates.

On demand finite upswing is anticipated with ties group 'continues to be the most Money rates during July were at On Manila- the resumption of automobile pro- important factor. During June the the lowest level since September, On demand duction in August. Pipe linea, value of this type of construction 1924. The renewal average for call On Shanghai- structural steel work and ship represented almost 2,5ths of the loans was 2.226 per cent, compared. On demand building continue to be the sustain month's total, and for the year to with 2.000 per cent. 1 June and Dollar ing factors during the dull summer date shows an increase of almost 40 9,065 per cent. in July last year. On Yokohama... period, while a growing demand for per cent., whereas residential con- The average for new loans was 2.161 On demand rails is in prospect, supporting struction showa a decrease of about per cent,, compared with :2.600 per Sovereigna the theory that a definite upswing la 47 per cent.

ent. in June and 8.957 în July, buying rate) imminent. Ingot output during June

1929. Time loans on Stock Ex-Silver (per oz.) umounted to 8,440,239 tona, a daily

collateral ranged between Bar Silver in Hong

Kong average of 137,610 tons, compared be making real progress in their 24 and 3 per cent. for 60 and 90 with a daily average of 149,066 tons effort to bring production inte line day loans, and between 24 to 3% Copper Cash

(Established 1917.)

CAPITAL:

Authorized Issued Paid-up Reserve

N

Liabilities of Shareholders. Surplus

M

M

THE

F

INC.

Head Office: 65, Broadway, New York.

.Ú.S.$6,000,000 .U.S.$1,572,454 _U.S.$1,008,200.

Capital Surplus Reserves

BRANCHES-

insow ELAYUUS Hamburg LINTO Interlaken Jerusalem

ફત Haylo Pizaaut Juris Penang Leking

Palermo

lotter:fa

B

Nunboal

Amsterdam Antwerp Albana

و احمك

Derlia

Stiarrit

Boy

Bretati

jirul

Buenos Aires

Cairo

CalButte Cannes

Colombo

Constantinople Copenha Edinburgh

Рістався BADATA-

Falafe Lendva Liverpool

Incrus Fugano IN ROT Starseilles Magle Carto Manila

Manish Montreux Jan

Sanghal

sieuthampton Singapore Mt. Morlix

Thatilo Vin

Varico

Yokohams Zurich

川

Branches of American Express Company in Principal cities of Unit- ed States of America and Canada.

All classes of Commercial Banking

Transactions undertaken.

New Financing.

Bank, wire ......... 1/3 9/10 Bank, on demand

2-1/8-9/16 Bank, 4 months-sight 1/3 11/16 Credits, 4 months'

sight

1/4 Documentary. 4

montha' sight 1/4 %

On Paris-

80

11

CHURCHES

A OHARGE OF ONE DOLLAR 18 MADE FOR ALL

UNDER

TII18

NOTICES HEADING

ST. JOHN'S CATHEDRAL, HONG KONG.

September 14, 1930, XIIIth Sunday after Trinity. Holy Communion, 8 a.m. Earade Service, 9.15 a.m.

Holy Communion (Peak Church),

8 a.m.

Children's Service, 10 a.m. Matins and Sermon, 11 a.m. Preacher: Rev. H. V. Koop.

Subject"Tho Lambeth Con- ference Report."

Evensong,.6 p.m. Prenchor: Rev. C. B. Shana.

UNION CHURCH,

Kennedy Road, Hong Kong.

Morning Worship. 11 o'clock (broadcast).

Evening worship. Go'clock. Preacher: Ror. John Foster.

FIRST CHURCH OF CHRIST, SCIENTIST.

(Branch of The Mother Church, The First Church of Christ, Selen. tist, in Boston, Mass., U.S.A.}

Macdonnell Road, below Bowen Road Tram Station, Sunday Service, September 14, 1930, 11.15 a.m.

Subject:-"Substance."

The Sunday School is held on Sunday mornings at 10 o'clock.

Wednesday Evening Meeting at 5.80 o'clock.

Reading Room at above addroas, opan:→→→→

Tuesday and Friday 10 am, to 12 Noon.

Monday and Thursday 5.80 to 7 p.m.

The Public is cordially invited to attend the service and visit the Roading RoT).

802

4 months'

..... 84214

814

days'

$25%

57%

87%

87

871/2

56

6314

25.05

Amsterdam

12,076

T18. 79

Milan

92.806

749 dis.

Berlin

20.41

Stockholm

18.095

6334

Copenhagen

18.16

(Bank's

C

Oslo

18.17

1/4 3/16 16%

Vienna

34.485

Prague

163

Helsingfors

193 3/16-

Par.

44.60

Nominal.

Lishon

108.25

1920, decreases of 14.5 per cent, and

with consumption, During June per cent. for the six-month obliga- Copper Cents ...... 8% prem there was a reduction of 29 per cent. tions. Last year at this time the Rate of Native In-

terest

312% pa.

Athens

875

..

Bacharest

814

Rlo

5

Buenos Aires

41%

Montevideo

in Muy, and 196,146 tons in June,

29.8 per cent, respectively. For the first six months of the year the output totalled 28,793,119 tons, a decrease of 18 per cent from the record total of 29,037,198 tons in the corresponding period of last year. Unfilled tonnage on June 30 totalled 3,968,064 tons, a decline of only 2 per cent, from the pre- vious month. Prices remain accounts irregular but do not show the extreme weakness of the previous months. The "Iron Age" com- The Company offers to intending

steel has Travellers the use of its "Travelers posite price of finished Cheques and Letters of Credit and, fallen to 2.171 cents a pound, and in addition, the world-wide services the pig iron composite reached of its thoroughly equipped Travel De-$16.96 a gross ton the lowest since partment.

1915.

Automobile 'Production.

Forsonal investment

handled.

Afiliated with THE CHASE NATIONAL BANK

Resources Over G$2,500,000,000

E. W. DUGGAN,.

ing producerà, including Ford, were closed down for inventory-taking Manager.and "vacations." Some impetus was given to the industry by the intro- duction of new models by three of

Cotton Textile Mill Activity.

The cotton textile mills appear to range

in the running time of the milia rates were 7% to 8% per cent. for:

10

Reserve Bank in extending its hill- buying rate of 1-7/3 per cent, from forty-five to seventy-five days.

Brokers' Loans.

•

LONDON EXCHANGES

Paris New York Brussels

Rugby, Yesterday,

123.775 ... 485 15/16

84.86

when compared with the like month all maturities. Further support was Chinese Sub. Coin .. 28% dis. of the previous year, and, for the given to the outlook for low money Hong Kong Sub. Coin Par. eleven-month period since August, rates during the autumn requirè-` 1929, the reduction has amounted to ments by the action of the Federal

per cent. In terms of cotton cloth this means a reduction of 208,000,000 yards for the month and 844,000,000 yards for the eleven- month period. Active spindles dur- A further net decrease of $118,-) ing Juno totalled 27,642,158, com- 400,000 for the month was shown in pared with 28,374,484 in May. The the Federal Reserve compilation of average number operated on a single loans to brokers and dealers. The shift basis was 26,029,389, or at total for the week ended July 30 was 76.8 per cent, of capacity, the lowest $3,228,000,000 and represents a de- rate for any month since September, crease of almost $1,000,000,000 1924.

since April 30, and of $3,576,000,000 Production of standard cotton from the peak reached on October 2, cloths for the four weeks of June 1929. Practically, all of the de-

Geneva

Madrid

Bombay Shanghai

4134 1/64

1/7 /

Hong Kong

1/8 9/16

Yokohama

2/0/%

Silver Spot & For-

ward

10%

-British Wireless Service.

POST OFFICE NOTICE.

RADIO NOTICES

Individuals and firms are recommended to register their telegra hio addresses at the Radio Oco. No charge is made for this.

The Radio Office, where full information concerning all wireless The output of automobiles fell off was 198,539,000 yards. Shipments crease is accounted for by the con- services may be obtained at all times, is situated on the ground foor rather sharply during July due to totalled 182,652.000 yards, or 02 per tinued liquidation of the loans "for of the P. & O. Building in Des Voeux Road, next to the General the fact that a number of the lead-cerit. of production and sales were account of others." which, at Post Office.

129,947,000 yards, or about 65,5 per $814,000,000, show a decrease of cent. of production. Stocks on hand $2,244,000,000′ since, the first of the at the end of the month totalled year, and are now $3,127,000,000 166,368,000 yards, an increase of below the October peak. This is the 3.5, und unfilled orders showed a smallest total for this classification decrease of 19.4 per cent.

of loans since the week ended May Conditions during July continued 18, 1927. Loans by the member "spotty" with some mills curtailing banks for their own account, though production stl further while a showing a decrease of $95,000,000 number of mills showed a slight for the month, are still $602,000,000 expansion in operations.

larger than at the beginning of the year.

vincial & Union Bank of England, THE BANK OF TAIWAN, LTD. the popular medium-price producers,

Ltd: Comptoir National d'Escompte de Paria: Credit Lyonnais.

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

Interest allowed on Current Ac counts and Fixed Deposits according to arrangements,

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxer to let.

A. LECOT,

Manager.

Hong Kong, 1st May, 1929.

(TAIWAN GINKO.)

HEAD OFFICE: Taipeh, Formosa. Incorporated by Special Imperfal Charter, 1899,

Conical Bank la ‹Fernciu.

Bak-Korea and Average amoun) meu. 45,300,000 DRANCHES AND LOENDIER, JAPAN |--Tory, Kokuhama Koda, "Caska.

roaM084:-Glen, Kadi Karako, Konfang,

Makna, Hania, Bikakiku, Tukan, TER Tako, Tamoul Town, Halo, Talks, |DHERA 1-Shanghelyo Bankow, Amor, Función, OTHERS-H& Long Bingapore, Bourabaya,

Desenga Bastar BORANTI, ENOTA Hondas, Kawa Tak Duben

LONDON, BANKZBS)

| The London County Washulaline and Puer'a Baxh.

THE YOKOHAMA SPECIE BANK, he asks Correudents in all the poin

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000, Reserve Fund.....Yen 113,500,000

Head Office:-YOKOHAMA, Branches and ́Agencies ́ktr Alexandris

Nagoya Newchwang „New York,

Обакл

Batavis · Bombay Buenos Aires

(Temporarily. closed).' Calepita

Canton

Changchun

Dairen (Dalny)

Hamburg

Peking,

Rangoon

"Rio de Janeiro

Balgon'

San Francisco

Fongtien (Mukden) Beattle

Hankow

Harbin

Hong Kong Hoaglulu Kal, Yuen Karachi

Kobe

London

Los Angeles Lyons

Manila

Nagasaki

Semarang Shangla

Shimonosekl

espil, Commercial - Cutlepu · Umughout the waite

K. MAGURA,

HONG KONG BRANCH:

*By Pan: Venen Road Central

g. 17th January, 1998,

THE BANK OF CHINA.

行銀國中

·Reorganised October 26, 1928, under | special charter of The "National Gov-

croment as an

INTERNATIONAL EXCHANGE

BANK,

Subscribed Capital ....$26,000,000.00

Pald-Up Capital

Reserve Funds:

$24,710,200.00 $3,820,505.82

The total output for the month is estimated to be in the neighbour-{ hood of 220,000 units. With prac. tically all companies returning to production on August 4, the trade

THE BANK OF CANTON; LTD. Established 1912

.Muensterlund ..Zosma

.Szechuen

SEPTEMBER 14,

.Tjikarang SEPTEMBER 15.

.President Pierce .Andre Leboл

16.

Kum Sang.

Van Heutaz

'INWARD. MAILS

From

Per

SATURDAY,

SEPTEMBER 18.

Manila Manila Shanghai and Swatow

SUNDAY, Shanghal and Amoy

MONDAY,

- Manila Saigon

TUESDAY, Calcutta and Straits. Straits Australia and Manila Japan and Shanghai

WEDNESDAY,

SEPTEMBER

of

Batavia Japan

Freight Movements,“ The weekly reports of the railroad The Federal Reserve Statement. freight movements continue to show a comparison of the combined seasonal expansion, but the totals statement of the Federal Reserve involved are still considerably below Banks for the week ended July 30 the levels in the corresponding with that of a month earlier shows period of previous years. Loadings a further decrease of $34,401,000 of revenue freight in the week ended in member bank borrowing, bring. July 19 totalled 928,256 cars, an ing the new total to $197,101,000, increase of 12,271 cars over the the lowest figure for this item aince Bangkok, New York and San Francie preceding week, but a decrease of 14 1917. Bills bought in the open

Head Office-Hong Kong. Authorised Capite! (H.K. Currents) $11,500,000 Paid-up Capital Reserve Fuudemma

BRANCHES

8,500,000

1,000,000

Canton, Shanghal, lenkow, Swalow,

The Lloyd's Bank, Limited,

LONDON RANKENS

CORRESPONDENTS

To all principal cities of As World.

Foreign exchange and banking baitness of very description tranmetėd.

Bata Dapodi Bozoa (various sizzu) at 'a pourly

rental of "from $3 to $19.

LOOK POONG "SHAN,

Chief Manager. Hong Kong, 14th May, 1980.

THE MERCANTILE BANK OF

INDIA, LTD.

JIEAD OFFICE:

15, recechurah Street, London, E.CH.

Authorised Capital

£3,000,000

Subscribed Capital 1,800,000 Paid-up Capitel 1,050,000 Reserve Fund and Rest 1,646,500

DANKERS: *The Bank of England & Midland Bear, Įtd. BRANCHES Ipoh

Now York Kandy

Penang

Karachi

HEAD OFFICE;' SHANGHAL

·Singapore : Soerabaya Sydney Tientsin

Sangbok

Blattia

HONG KONG TRANCH:

Bembey

Chaleutia

Kota Bhar

4, Queen's. Rodd; Central.

Colombo

Delisl

Kuala Liple

Wall

Kaala Lumpur

Owing to our numerous branches to Rung

Tokyo

Interest allowed oed)

.counts.

..

Ruste Krat

Fors Laula

(Stauri) Rangoon Shazahst Kuantan (Pahang) Blogspore

"HOND","KONG, DEANCH.

Tainanfu Taingtau

in China and Jarge competion in the wish Media Bg, Bouisbaya Vladivostock

Important commercial centres of the (Temporarily world, we are able to extend to our Every diacryllon of Baking and Exchange best

clients special facilities for domestlers tracted Current Ac and foreign banking and exchanges. Traveller Chaquas, irrued.

We also handle the issue of Bonds Trustee and Executorship der Deposits, received for fired periods and other Fublic Funds of the Chine REST OF Gurrans Accounts, and at rates to be obtained on applican Government both at boine and rized Deposits at lintea it may be ascrigined

BORNEY THOROUGOOD,

Asting Manager V. Chiens " Toad Central, S

Tramp Konto 101% APEJ; LONGS

tion N

~HAMORI

abroad.ne

SHOU J. CBEN,

Hong Kong, 10th September, 1080. Hong Kong 6th March, 1980.

Manager.

· INTEREST : allowed -

|

Aki Maru .Sphinx.

.Tjibadak

Asama Mara

SEPTEMBER. 17

OUTWARD MAILS

Per

For

SATURDAY,

per cent. and 10.2 per cent, respec market show an expansion {tively, from the like weeks of 1929 | 328,449,000, while holdings 'of, U.S. and 1928. Compared with the pre- Government securities are practic vious week all classes of loadings ally unchanged at $576,368,000. ahowed gains except ore, coke and Measured by the total holdings of livestock, with heavier loadinga of bills and securities the Reservo grain accounting for almost half credit outstanding shows a further the Increase. For, the first twenty: decrease of 34,484,000 for the month

Fort Bayard nine weeks of 1980. 26,848,088 cara and la now $396,400,000 less than at Takao have been loaded, compared with this time last year. A decrease of Shanghai and Europe via Siberfa Zosma 28,674,478 in 1929 and 27,371,488 | $54,192,000 in gold reserves and Straits In 1928, decreases of 9.8 per cent. contraction of $67,728,000 in notes Manila and 55 per cent,, respectively,

'Railroad Earnings.

In circulation is shown for the period and the member bank reserve de-

Salgon

SUNDAY,

MONDAY

SEPTEMBER 18.

Wing. Loo Amur

2.30 p.m.

2.80. p.m

2.80 p.m.

City of Lille

4 pim

4.80 p.m.

5 p.m.

15.

9 a.m. .D. a.m.

2.30 p.m. 3 p.m.

8.30 pm

President Jackson, Telemachus SEPTEMBER 14,

Canton Maru Ka Ying SEPTEMBER

Andre Lebon

Hydrangea Chinhua

The first ixty railroads to report poalts show an increase of $28,850, Swatow, Amoy and Formosa June earnings had aggregate net 000. The not result is that the Bangkek via Swator Incomes totalling $8,987,000, com Reserve ratio remains practically

| Shanghai and "Japan pared with $88,371,000 in June, unchanged at 83.5 per cont.

Savings Banks Deposits.

Swatow 1929, a decrease of 33.9 per cent,

According to the National Asso-Amoy and $71,640,000 in June, 1028, ciation of Mutual Savings Banks, decrease of 18.8 per cent. The gross revenue of these same roads in June deposits in the mutual savings banks Japan, Canada, U.S.A., C. & S. America" and "Europe" via: Vle- ! of the United States gained torin, B.C. totalled $878,848,000, a decrease of $270,766,807 during the six months 18.4 per cent, from the 1929, gure ended June 30, 1930. This compares and of 11.1 per cent from 1928 with a decrease of $82,710,075 in Thair net income for May was the last six months of 1929. These 361,012,000 and their gross income banks are sald to hold more than shanghai and Europe via Siberia President Pleroo totalled $389,607,000.30 par cent, of all the savings in the

Stock Market Transactions. Trading of the New York Block hanks of this country,

Exchange during July was charac-

20? Diniribative Trade,

terised by more optimistic tone, Of the forty-eight: chain, stora although the volume of trading was, systems - which reported sales for

President Flerce

(Dao Victoria, B.C., Oct. 8) Parcela.Sept. 15, 8 pm. Registration Letters?

4.15 p.m.

5p.m

Registration, Sept. 15 5 pm. Lettors

Superscribed correspondonea only,