1931-03-28 — Page 11

SATURDAY, MARCH 28, 1931.

HONG KONG AND SHANGHAI BANKING CORPORATION.

I

Authorised Cupial 150,000,000 leaued and Pully Pullup a 120,000,000 Beserve Funde-

Sterling£1,500,000

Ritver

Rasera Linbility of Proprietors ...... $28,000,000

DEAD OFFICE:'HONG KONG

BOARD OF DIRECTORS; – Hom. 31. 0. 0. R. Markl. Chatrou

11. Mr. 1. 2. Paussam.

Pepasy Commit

... 3. E. Pewne, Des.

1. Compton, Ling.

11

18

+ Plumer, Ergy.

A

Jouster Lenk, Đựu 1. II. 11. how,

Y

HANGKOR

DAJAVIA

V

BOMBAY

PA LEVITA

CASTOS CURRA

DAIRES

TEM, HOW

GLAS PILONG HAMBUR

HANKOW

JLA

HONOKKW

41.10

ARCH

JOGORE

LOBE

1. P. Warren, Esq. 'f Managet,

BRANCHES:-

SENDIEN

LYUNS

BANK S

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.

READ OFFICE: LONDON. Paid-up Capital

THE HO HONG BANK, LTD.

(Baiablished 1917.)

HEAD OFFICE:-SINGAPORE.

THE CHINA MAIL.

Commerce and Finance

Hong Houg Branch: 13, Queen's. C. NO REAL RECOVERY or at this figure. Hong

Authorised Capital Straits $20,000,000

£3.000,006

Reserve Fund

,24,000,000

issued Capital

Reserve Liability of Pro-

prietura

Paid-up Capital ...

.£3,000,000

Kesurve Liabilities

agencies and Branches:

of Shareholders Surplus

ALON STAR

KUALA LEXA D

(Malay Menteri

KUVIRING

AMILTRAR

DANGRIK BATAVIA

FRIDAY

CASTOR

CEDU

CAWNFORE

COLOMBO

DAIRES (Daloz

Housh Man Nuria;

03.0

HJATPHONO

RAMBEIRO

HANKOR

HARDIS

18. Mauchuri

MADRAS

MANILA

ATDAN

APW YORK

PERING

PLAAMI

RANGAN

SALOON

SEMARANO

SEREMBAN

SIFASQUAL

SINGAPOR

SOURABAYA

TAIMING P.M.NJ

TAVOY

HOST KONG

VENTIN

NSTALLA

TOKYO

MASHA

19

MAR 13orest

KARACHI

MURDEN

MAGASABE

NEW YORK

PEONING PENANG HANGAON

AJUN

SAN FRANCISCO

SHANGHAI

SUAPORE

SOURABAYA SUNGEL PAJAN

HENTSIN

TOKYO

KLAND

Копе

KUALA KANONAIL.

(Porch P...)

UINORAIL (Hhukati TRENGTAO

VORONAMA

ZAMBOANGA

11'ippine Taburetor

Foreign Exchange NOJ *Genersi Banking business transacted.

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

A. H. FERGUSON,

Manager. Bong Kong, 8th January, 1929.

KOWLOON

AS SAIC, DO

TSINGTAO YOKOHAMA

Curtean, Arimasta speld in Esnal Currency and Dejrentia fremad for use, genui sukker perioda in Lanent Lutwory was scr}!zg on teria which will be quoted in applications. Klong Kong, 291 February, 191

HONG KONG SAVINGS BANK.

1 tl the abuse: Haud de coularte ed by the HUNG RỤNG AND SHASQUAT WYNKIM compotta Bos. Rules may b

FOR THE HUNGLONG AND SHANGHAI ĐANKINO CORPORA TRÀS.

V. M. BATHURS

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 65, Wall Street, New York.

Capital, Surplus and

Uadlylded Profits..U.S.4224,654,208

Branches In-

ARGENTINE

BELGIUM

BRAZIL

BANQUE DE L'INDO-CHINE.

1

LONDON

MEXICO

PANAMA

the Man

Flung Hong, 16th July, 190,

CIBLE

PERU

CHINA

HILIPPINE

COLOMBIA

ISLANDS

CUBA

PORTO RIVO

DOMINICAN

STRAITS

REPUBLIC

SETTLEMENTS

INDIA

URUGUAY

ITALY

VENEZUELA

JAPAN

TO HEAD OFFICE: 44. Boulevard Haussinaan, Paris.

Subled Capital ..Frs. 72,000,000.00 Pand-Up Capital ... Frs. 08,400,000.00 Herve Funds Fre. 102,000,000.00

Bangkok

BRANCHES:

Jattambang Hee Jantho

Intub

Djibouti

Commercial and Travellers' Lettera

14

8,000,000

4,000,000

2,520,000

Brauches, Agencles and Correspon. dents in the principal cities of the work.

Every description of Banking und Exchange busitiess transactul.

TAN ENG H001,

Manager

YET," SAYS F.B.I.

Kong

Realties were sold at $9.70 at the outset but closed strong with buy- сга offering $9.90, sales having been effected at $10.

Hong

11-

|ENGINEERING WORK IN HONG KONG

Hard Hit By Prevailing Depression. -

THE SILVER LINING.

Huge Capital For Private Enterprise.

His Excellency referred in laudatory terms to the notable feats

His Excellency Sir William Feel, as Honorary President of the 4,000,000 The Deep-Lying Causes Cotton Mills.-Ewo Cottons re- Institute of Engineers and Shipbuilders of Hong Kong, sounded a'

of Depression.

mained steady at 14.55 with busi- ness reported at 14.00.

more optimistic note with regard to the prevailing depression when Public

Utilities Hong Kong speaking at the annual dinner at the Institute last night. "Although the indices of busi-Trams continued in demand at

"No none activity," says the Federation $17.70. Star Ferries could be

doubt the general depression has retarded shipbuilding," he said, of British Industries review for

placed at $89. China Lights ex-"but I feel sure that improvement cannot be long deferred, the first quarter of 1931, "show aẞperienced a smart recovery and the yet no signs of the lifting of the price rose from $24 to $25. cloud of depression, it is still pos- Kong Electrics were realised at $78, of engineering in the Colony, and congratulated the Hon, Mr. Creasy sible to hope that the spring will and there were further buyers at see some improvement. Unfor- $7734. Telephones (partly paid) and his staff upon the successful completion of the Praya Reclamin- tunately, even if this improvement were in very strong demand at tion Scheme. materialinen, it will not mean that $394 with business done at rising real recovery is under way. Оп

rates from $33 to $40. the contrary, there is a danger that, if it should become marked, it may encourage premature optim Ian and so postpone the re-estab

ishment of equilibrium."

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETYĮ

Paid Up Capital

BANKERS.

Fatahlikon 1914.

Kong Kong (Bew:-It, Quma's Bond Central

Capital Cuildmen 154,000,0

(£12,800,TWA) - amanan Quildera 803080,000 (£5,000,170) Fund **** magna. Ɑuilders 100,0%

Dead :-AMSTERDAM Fastern Brad Útica --BATAVIA BRANCHES :- Bandjarmasin, Bandasag", Bomber

Cat, Chardon. Druh Jakarta". The Ragus*, 2ndJah, Kal Bina Raja Matanar, afedan. Pada

• The

once

Palebang,

Pontianak,

BATRATARE

Pikalongan.

fango, Butterda

Bhashal,

(Rumar), Singaporn.

Soerakarta (Holo)," Tegal, Tjiljapa Wolle Treden.

have safe deposit bonus to let *andon Tikakoda:-Nations Provincial Bank Lad Corresponents all over the world Banking bulbs of stery description transacted.

1. STOKKISK.

Acting Manger

Hong Kong, 1015 August, 1900.-

THE BANK OF CHINA.

行銀國中

Reorgaard Gerober 20, 1928, unde special charter of The National Gov-

@nocent as n

INTERNATIONAL EXCHANGE

$25,000,000 us $24.710,20c

BANK. Subsribed Capital dp Capitad

'unds

........$ 3,820,503.82

BEAD. OFFICE: SILANGHAI,

HONG KONG BRANCH: 1. Queen's Rund Central.

of Credit, Travellers Cheques, Bills Reserve of Exchange and Cable Transfers!

Current accounts Hong Kong Quinhon

Lought and sold. Saigon

and Savings Bank accounts opened Mengize Shanghai

and Fixed Deposita in local and for

at rates that eign currencies taken Nam-Diah Singapore

may be ascertained on application to Neumea Tannhea

Tientsin

the Bank Tourano Phom Penh Vinh Pondicherry Yusranfu DANKERS:

Fort-Bayard Papecto

thaiphon Harkow itanci

Peking

IN PRANCE: Comptoir National C'Escompte de Paris; Credit Lyonuais; Banque de Paris et des Pays-Bas; Get Industriel et Commercial; So e.ete Generale.

IN LONDON: The National Pro- eincial & Union Bank of England, lea; Comptoir National d'Escomple de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor paration; Guaranty Trust Co. of New Jork.

Interest allowed on Current Ae- counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let.

A. LECOT,

We are also able to offer our Cus temers the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and also of The National City Bank of New York (France), S.A., in Paris and Nico.

F. McD. COURTNEY.

Manager. Hong Kong, 20th February, 1081.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York,

Capital

Manager

Surplus Reserves

Haug Kong, at May, 1929.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

"ital ffully paid-up) Yen 100,000,000 Reserve Fund....Yen 115,000,000,

Head Ofee-YOKOHAMA,

Branches and Agencies ali

Alexandria

Recevia

Buy

Calcutta

Canton

.engrhn

Nagoya

Newchwang

New York

Oonka

Peiping

RACKJUD

Bio de Janeiro

Beiren (Daing} · Fengtien (Baden) Shigoa

Hamborg.

Hankow Harbin Hong Kong

Honolulu

Kai Yuon

Karachi Kabe

London

Los Angeles

Lyons

Manila

Nagasaki

(Temporarily closed)

San Francisco

Heattle

Bemarang Shangbai Shimonosekl Bingapore Boerabays Sydney Tientais Tokyo

Tsingtau

Interest allowed or Current Ac

counts.

Deposits received for fixed periods at rates to be obtained on appillen- 12011

H. MORI,

Manager.

Hong Kong, March 24, 1981.

Alway Athena

U.S.$6,000.000 .U.S.$1,572,454 U.S.$1.008.209

BRANCHES--

Amsterdam

Grace ringow Llavane Hamburg

Nica

[Sayla

Berlin

Eliarita Bern bay

Flamen

Bla

BELOW A Cairo Caloylia Lapora

Colombo Constantinople Copenhage Edinburgh

Gamers

Po

Interlaken

Lido London Liverpool Exce Lugano autor Mellie Wante Carlo

Sant's

W

woich

Saples Pitasu Paris Tenang Feltag

Palatio

Kutterdam Romp

Stambout

Shanghal Ecolhempton Kingapore

St. Morits Toise

Virman

Some Nonteus Yckhazia

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

All classes of Commercial Banking Transactions undertaken.

Personal handled.

investmont accounts

The Company offers to intending Travellers the use of its "Tesvelers Chequee" and Letters of Credit and, In addition, the world-wide 'services of its thoroughly equipped Travel De- partment.

Afiliated with

THE CHASE NATIONAL BANK. Resources ..Over G$2,500,000,000

C. H. BENSON,

Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918,

HEAD OFFICE:

10, Des Voeux Road, Central,

Capital and Surplus ·

Total Resources

HONG KONG

* over, 11.8-8,000,000.00

* over, I.$30,000,000,00

Every description of Banking and Exchange busincas transacted.

Current and Fixed Deposit Accounts in local and for-

eign currencies opened for clienta,

Bavings Account and Safe Deposit Boxen Breaches and Agencies all over the world:

KAN TONG PO

Incidentally, he said, there appeared to be plenty of money In Miscellaneous.-Cements (Com- bined), were quite firm and were the Colony for private development, the revenue derived from land enquired for at $16.40. Hong sales last year exceeding two million dollars, an increase of nearly Kong Ropes were negotiated t $13.80 in the early part of the,

seven lakhs over the previous year. It was estimated that at the week, but had since strengthened present time buildings to the value of twenty million dollars were with buyers offering $14.26 at the under construction. close. Dairy Farms were booked at $24.25. Watsons continued quiet at The root of quotations. Lane Crawfords were the trouble, it is suggested, les obtainable at $44. Chinese En- much deeper, and consists of an

tertainments showed grent im- unorganised general over-produc-provement and were in strong de tion which has been developing mand at $10, with business report ever since the War.

ed at $19.36/.50. Sinceres had

The bulletin rejects the idea that the trade depression is part of a trade cycle of the traditional type which will soon develop into the traditional recovery.

Foreign Lending.

"No preparations were being buyers at $14. made," it says, "to provide addi- tional markets for those goods. Before the War, working ahead of the forces of production were the

CARROLL BROS.

Hong Kong, March 27.

A BUSY TEN YEARS.

said that so far as

Mr. R. M. Dyer, who presided, of Noah have at last woken up and the actual have done a great deal, to improve making of money was concerned, the form of vessels, particularly the past ten years had been "re- with regard to propeller and rudder tograde" for constructive engin- design. eers. But in that time more Mr. Dyer concluded by alluding to actual progress had been made by the great progress made In the en- engineering and shipping than ingineering line "In Hong Kong since the previous fifty years.

his arrival here 21 years ago.

President's Speech.

outposts of investment preparing The market following the March new openings for anles and poten-Settlement which was satisfuc- The official guests were Vice-

H. E. The Governor. tial consumers, so that pari passu. torily negotiated on Tuesday last Admiral Sir W. A. H. Kelly, Sir William Peel, in reply, stated with the Increases in world pro-has been steady although business K.C.B., C.M.G.. M.V.O.; Major that when he arrived in Hong Kong duction there occurred increases in on the whole has not been on a General J. W. Sandilands, C.D., last year, he was greatly struck by world demand. During the past large scale.

The feature of the C.M.G., D.S.O.; Commodore A. H. the engineering feats that had been decade hardly any of this propara-week has been the sharp rise in Walker, O.B.E.; Lieut.-Col. M. H. performed, including fine roads in tory work was being carried out." the price of Hotels and at the time W. Marsden, R.E., D.S.O.; Colonel difficult places, the preparation of "The inter-relations of produc- of writing buyers still predomin R. B. Skinner, 0.B.E.; Engineer- sites, and the extensive reclama- ing countries generally and their ate. The demand for good invest-Captain, R. G. Morton, Commander tions. He felt that an engineer consuming markets need to be re- ment shares continues but only a J. B. Newill; Flag-Licut. Comman- who is asked to-day to construct a viewed and in many directions pro- few shares are changing hands.

der L. A. H. Wright; Captain T. road or bulld a house

on level Ewo Cottons have remained A. H. Coltman; and Lieut. J. ground must find it very dull. Foundly modified."

The bulletin suggests that Great | steady.

Baskerville-Glegg,

Financial considerations had Britain must take steps to "adjust- Bunks-Hong Kong & Shanghai

stopped work on the Salkung Road. our foreign exchange position to Banks were done in small lots at

Mr. R. M. Dyer, after the Loyal The Tai Hang Road was being bring it into line with the nends $2,000/2,010 and more small scrips Tonat, proposed the tonat of "the complcted, and a great improvement of trade." This must involve some could be placed at $2,015.

Ilonorary President." In welcom- has been effected in the motor road sort of selective embargo on for Insurances:-Union Insurances ing Sir William Peel, in this to the May Road level. It was hop, cign investment, or the granting of have buyers at $615 but sellers are capacity, Mr. Dyer said that Hia ed before long to widen the road. preferential treatment to loans in- asking $625. China Underwriters Excellency was well able to ap from there to Magazine Gap, thus tended to foster directly the em- can be had at $3.70/65,

preciate the difficulties which beset considerably shortening the road ployment of British labour or the Shipping: Douglases and Steam-the way and made difficult the path to the Peak. He would also like to ase of British materials. !

beats remain unchanged at quota of those engaged in applied science. take the opportunity of congratulat- The main readjustments needed tions. Ferrics have improved to He was sure that Sir William woulding Mr. Creasy and his dopart can be summarised by saying that $89 buyers but no shares are offer- always be sympathetic in these try ment, and Mr. Anderson In parti (1) British production costs musting.

ing times.

cular, on the successful completion be brought into line with world Lands, Hotels and Buildings:-

The Chancellor of Edinburgh of the Praya East Reclamation, prices, and (2) British monetary long Kong & Shaughal Hotels University had said that in the pre- Although there is little Govern- Manage policy must be adjusted to over-have experienced a sharp rise with vailing gloom which seemed to mont* bunding in hand, Str come the obstacles to the free flow business done at $14.40 for Cash permeate everything it was difficult William continued, there appears of international credit and foreign and correspondingly higher rates to discern any stars and there were to be plenty of money for private Investment caused by the aggrega for Forward Delivery.

we very few wagons.

From an en- development. The revenue deriv. tion and sterilisation of gold by write buyers still predominate gineering point of view this seemed cd from land sales last years ex certain countries.

over sellera Hong Kong Lands at present to

be literally correct. ceeded two million dollars, an in- are wanted at 434.50 with sellers By engineering he meant those who crease of nearly seven lakhs.over at $85. Hong Kong Realtys have were engaged in actual constructive the previous year. In consequence, been the medium of fair business or productive work.

there has been much building ac- from $9.65 to 59.75 and 5 cents

The past ten years had been for tivity and it is estimated that at more are now being offered for most of them a somewhat retro-

the present time bulldings to the further shares. Humphreya have grade period, if the actual making value of twenty rullions dollars sellers at $16.60.

Mining:-Raubs are wanted at but during the period more aetual

of money could be called retrograde, are under construction. $38.25 and Goldfields at $3.60 progress had been made by en whilst Benguets have sellers at gineering and shipping than in the $10.00.

previous fifty years.

wing to t numerous branch important commercial centres of th in Chma and large connections in th world, we are able to extend to ou and foreign banking and exchanges. lients special facilities for domestic We in handle the issue of Bonds and other Public Funds of tho Chin

Government both

abroad.

at home and

SHOU J. CHEN,

Hong Kong, 5th: March, 1930.

THE BANK OF CANTON, LTD. Established 1912.

Head Office:Hong Kong. Authored Capital (71.K." Currency) BI1,000,000 Pald-Up Capilar

9,055,600 Reserve Fund

1,100,000

BULANCIEN

Conion, bangal. Bankow, Balon Bangkok, New York and Nao France

CORRESPONDENTA

LONDON DANKERS

The Lloyds Bank, Limited.

10 all principal 'eille, of the World. Pornit, ache al heating alts of et senzipie

transried,

Pafe Deposit Sox (arī sise) al a gracio rand of tmm $5 to $10,

LOOK POONG SHAN,

Chlef Manager.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa. Incorporated by Spzetal laportal

Charter, 1899.

Central Boul in Farmor

SHARE MARKET.

WEEKLY REPORTS BY

· BROKERS,

G. A. HARRIMAN.

Hong Kong, March 28. Measte, G. A. Herriman's Week ly Report and Market Review Saturday (noon), March 28, says: With Settlement Day falling on Tuesday last the market showed little signs of activity until after Settlement when speculative coun- came in for demand

ters again

Ая

Water Schemes.

I have had some little experi- ence of waterworks as President of the Municipalities of Penang and Singapore, and I have the greatest admiration for what has gard to waterworks in the Colony. been, and is being achieved in re-

It is a most difficult question, far more difficult than it was in problem is being tackled with con- most places in Malaya; but the

One of the

sure the loss of as little of the rainfall 18 possible. Various

Cottons:-Ewo Cottons are quiet!

Mr. Dyer continued: To meet around Tls. 14.50.

the demand for greater economy, Miscellaneous: - China Lights from our principal client the ship have small buyers at $24.56. Hong owner, many firms have apert a Kong Electrics have sellers at great deal of time and money in $78.25 with buyers offering $78.00. costly experimental work, entailing Dairy Farms are wanted at $24.25, financial losses with the resulting THE BANK OF TAIWAN, LTD. with fairly brisk trading during Cements have continued steady disappointing balance eheets, but a

the last two days of the week.with small buyers at $16.40. Hong great deal has been achieved.

siderable success, The better class stocks, however, Kong Amusements are buyers ́ati

The Diesel Engine.

things which have impressed me were practically neglected and $19.00. China Entertainments have

The baby of marine propulsion, ie the construction of the catch- whereas Wharves, Electrics, and buyers at $19.00 with sellers ask the Diesel Engine, invented about waters along the hilis, so as to on- Hong Kong Lands ruled on the ing $19.50. Lane Crawfords are 40 years ago by that eminent Ger- easy side, Hotels, Ropes, and Tele- quiet at $4.18. Watsons could be man engineer which bears his name, works, Including the Upper Abor Aank Notes ried Average amount. 10,000phones came in for all the atten-placed at $12.50.

Constructions has grown to vaat dimensions, and deen Dam, are now in progress, tion at rising prices. At the close remain steady nt $5.40. Hong has long a firm tone prevalls with the de- Kong Ropes are wanted at $14.00

The large echeme, known as the CHINA hangtai," Harkow, Amor, Foochew, mand for Scrip in the lattor still after being done at $18.90. Hong and economical prime mover and teen examined by the consulting is recognised as a reliablo Shing Mun Second Scheme, has stage, Kong Trams have eased slightly is installed in an ever growing pro Banks-Hong Kong and Shang with sellers at $17.80. Telephones portion of the world's merchant hai Banks were very steady, shares have been gradually rising and having changed hands at $2005/25. buyers are now offering $38 for the marine of all sizes and powers,

The electricians have supplied as Bank of East Asias improved slight-partly paid shares.

with electric drive which has given ly and had buyers at $129, sellers Exchange: The Rate on London asking $124.

T.T. is 1/- and on Shanghai 774 largest mail boats; but I am pleased satisfactory results in some of our Insurances-Canton Fires were Forward Settlement Days:-28th to see that there is still a good steady with buyers at $1875 Hong April, 28th May and 23rd June, kiek left in that favourite medium we were all brought up in, Old Father Steam.

BRANCHES AND AGENCIES;" JAPAN-Tokyo. Yokohams, Kobe, Thaka, ГОВКОВА: -С Kagi, Karako Kalung Makong, Nacto, Bhineko. Talchu, Tainan, Taker, Tamani, Ton, Heilo, Tello,

Swatow, Canon,

Sjogapore HERS-Hong Kong,

Bemarang, Batavia, Bombay, Lion, New York, Dairan.

LONDON BANKELA

Boerabaya Calcutta.

The London County Hospinster and Parr's Baak. The Beak his Cormenondanis is all the princip Commercial Centres throughout the world.

K.. NAQURA

HONG KONG BRANCH :

1, D Varax Bood Central. Hong Kong 19h January, 1929

THE MERCANTILE BANK OF INDIA, LTD.

BEAD OFFICE:

15, Grischurch Birret, London, EC..

Authorized Capital

Subscribed Capital Paid-up Capital

£3,000,000 1,800,000 1,050,000 Reserve Fund and Rest 1,648,506

LA BANKERS:

The Bank of England & Midland Bank, Lid,.

ARA BRANCHES;

·Bangisk:

Tartoula

(Mauritius) Rangoca Shaughed Kuala Tunisi ·Bi.. Kaaslan (Pakyrg): Blogspors Sourya

unaatiased.

Kong Fires remained firm at $1800, 1981. China Underwriters were on offer at $3.65 with buyers at $R.GO."

Shipping Douglases continued neglected. Hong Kong Steamboats remained in demand at $252 · Union Watorboats stood at a nominal quotation of $57,

Mining-Raubs were in demand

́ ́AMERICA-LEVANT LINE.

Purchase Of Cunard's Entire Holdings.

Mesare. Stanley and John Thomp

passed the experimental

engineers, and I think I can con gratulate the Public Works De- partment, and. Mr. Henderson in particular, on the fact that their. scheme in general has been ap- who however have recommended proved by the consulting engineers, some extension of the scheme, which ought to render us safe ih the matter of water supply for at least fifteen years.

The old steam reciprocating en- The work, however, will cost a gine la conjunction with the ex-good deal of money and it will be. baust turbine is now an economical necessary to borrow funds for the commercial proposition, and next purpose.

week we will have "The Pride of

As you know, the vehicular the Pacific" in the harbour, a vessel ferry scheme has been approved, pressure and the construction of the piers at $38 with no sales reported.aan, Ltd., managers and secretaries which generates high Venezuela Goldfielda had enquiries of the America Levant Line, Ltd., Auperheated steam in her water essential to it has commenced, at $3.60 with business done at $3.75. announce that they have acquired tube boilers burning fuel, propelled while new ferry piers at Mongkok Docks, Wharves and Godywas the Cunard Steam Shin Company's by geared turbine engines, with a and Shamshulpo have been com Hong Kong & Kowloon Wharves entire holdings of ordinary and pre- resultant consumption of oil which ploted. wore neglected with seller at ference shares in America-Levant is almost equal to the Diesel en- Apart from this no harbour A truly surprising. result, works of importance are in hand, $160. Providents had : enquiries Ling, Ltd., and that the representa-gine. at $5 for the old shares, and tatives of the Cunard Company which Tuakes some of us agres with but Government proposes to have $235 for the new, las pour navi retired from the board.

the famous remark made by that a survey, made in the near future Hotels and Real Estate. There The business of the line, on the eminent Board of Trade engineer, with a view to ascertaining what was a very sharp rise in Hong Kong board of which Mr. Stanley M. Mr. Macfarlane Gray, who closed a improvements are desirable. I and Shanghai Hotels, and a very Thompsoft, and Sir Thomas discussion by prophesying that have also decided to appoint a Trusted and Executorships under large number of shares changed Slowright. Catts, Hart, remain, will when the last trumpet was blown Harbour Advisory Committee. In taken, plkMDAU

lieu of the unwieldy. Harbour. INTEREST allowed On Curricole and hands at various rates between be continued as heretofore, with it would be blown with steame Fixed Depoulis at Bales that may be reload $18,30 and $14.50, the market clos Mesars. Stanley and John Thomp

Improved Design. Ing with bayes at $1415. Mesars. Stapley and Jolo Wolle In my cox partiular trade, on technical matters -on opplication.

CL SANDES,

Manager. Kong Lands were booked at Thompson has been elected to the Naval Architecture, I am glad to with the Harbour. (0) 1841⁄2 and there were further buy- board."

say that those peal descendants

pola

New

Kasdy

Bombay

Karnal

Calcuits

∙Kota Bhary

Colorabo

Kuala Kral

Drill

· Kuala Lipis

Jalis

Hong Kong

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HONG KONG NHANCE.

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Chief Manager

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Board, to advise more particularly

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