1907-08-08 — Page 5

BANKS

BANKS

THE HONGKONG DAILY PRESS, THURSDAY, AUGUST 8гn, 1907.

EDERLANDSCH-INDISCHE |

HE CHARTERED BANK OF INDIAN HANDELSBANK

112-

AKORRALIA AND CHIN..

AM BOTAL CHALTBE, 1857, 19OFION-LONDON.

PAID UP CAPITAL X 1....... Shortly to be increasal to £1,200,000 RESERVE FUND -£1,475,00) Shortly to be increased REVE ABILITY OF PROPRIE

FUNNELS AND PLAGS.

(Van tinned from pays 3). policies, all risks, kas bgan takon al £800,000 (NETHERLANDS INDIA COMMERCIAL BANgenoh, and the amounts of the total low had exocas policios were originally £490,100 each, ESTABLISERD, 1863.

bat lavo now, I understand, been increased to half a million csob.

£8 10,000 | Authorised Capital F1, 15,000,000 (21,250,000)

Subcribed Capital FL. 10,000,000 (Paid_up) £1,975,000 || Rosegva Fund" FI. 2,112,579.36 (£170,48

HEAD OFFICE: AMSTERDAM. RUB-OFFICE: THE HAGUE. HEAD AGENCY: BATAVIA.

Singapore, Bourabaya,

INTEREST allowed on Caroul Account at the rate of 2 per cent. per annum on the Daily balances,

On Fixed Deposits for 12 months per cout

for 6

for 3

31atiger.

JOHN ARMSTRONG,

Hongkong, 16th May, 1907.

BRANCHES at:

MMONWEALTH MAILS.

The delay in the execution of the Common wealth mail contract has had its inevitable ending. It is twelve months aud mere since the tender of the Laing vediote was accept d and not a single slip is laid down. Consequently Mr. Denkia's Govorament has formally colled the contract, the gradients bavi

|

by system which enabled, then to buy American manufactures cheaper than English. The system was highly prejudicial to British maqufacturers, bat that did not hurt the South African consumers, as such. The shipownses wore only able to plead that it was forced

прои them by a freight war: that they themselves were heavy lossy by it: and that it was only a temporary occurrence. In the opinion

of the witnost,' the expianalinn was corrock and bona fide. With roforence to the complaint that German gods were brought i Garmau steamrors longing to the ring at much lower rates than Eaglish goods wore brought in British steamers, he asid that complaint, wara po verless to remedy it. British shipowners, whilst in sympathy with history of the corplaint, is blieved, was that The

Semarang, Indramajoo, Bandoong and declined to give a further boud for £35, the German lines, os agroving is join the

Waltevreden. CORRESPONDENTS at: Chorion, Tegal, Pongau, Macasar, Pontiansk, Padoug, Mediau.

Penang, Bombay

Rangoon, Calend Madras, Colombo, Karachi Djenta, Bang Saigon, Shanghai

BANKERS24

DE MERCAN BANK OF London SW188 BANK BREIN. THE INDIA LIMITED.

Authorised CAPITAL ...

SUBSCRIBED

PAID-UP

RESERVE FUND

BANKERS

£1,583

1,125,968

562030 170,000

LONDON JOINT STOCK BANK, LIMITED.

INTEREST allowed on Current Accounts

at the rate of 2 per cent, por annum

on the

Daily balance.

ON FINED Deposits:

For 12 months

4 per cent

For 6

31 per cout.

For 3

24 per cent.

EVAN ORMISTON,

Manager.

Hongkong, 30th April, 1907

24

THE

BANK

YOKOHA LIMITED.

ГОКОНАМА ВРЕСЇ Е

CAPITAL FALD-Ur You 21,090,000

RESERVE FUNDS

{TER WILLIA BES. DRASTINE IS ACTIVA,

Paris: COMPTOIR NATIONAL D'ESCOMPTE DR

PARIS.

Berlin: DEUTSCHE BANK, Brussels: Banque de PARIS ET DES PAYA

BAS Vienna: U108 BANK.

Rome: Big Commerciale ITALIANĄ

THE BANK buys and sells and receives for collection Bills of Exchange, issues Letters of Credit payable in all important places of the World and transacte every description of Banking and Exobauge business.

INTEREST ALLOWED,

Ou Current Account at the Rate of 2% per out on the Daily Balances.

On Fixed Deposits: 12 months 4% per annum.

6. do. 3% 3 do 3% do. J. BOETJE, Manager. No. 16, Des Voeux Road Contral

jo. do.

do.

THE BANK OF TAIWAN LIMITED

THE

INCORPORATED BY SPECIAL INFERIAL

CHARTE

ANDE

Yon 5,0 1,006 3,750,000

HRAD OPPION: TAIPER, FORMORA

H

BRANCHES AND AGENCIES,

Tokyo

Kobe

Nagasaki

London

11,550,00

Onsk Lyons

CAPITAL SUBSCRIBED CAPITAL PAIDUP

New York

San Francisco Honolula

Bombay

Shanghai

Haukow

Chefoo

Tientsin

Peking

BRANCHES AND AGENCIES:

Dalny

Port Arthur

Amoy

Kobe

Livyang

Makdon

Anying

Narazuki

Chang Chun

Focohor

Oaska

Keelant Swatow

Shanghai

Talosn T'ameni Tokio Yokoham

Newchwang

Antang

Tieling

HEAD OFFICE-YOKOHAMA,

HONKONG-INTEREST ALLOWED.

Os Current Account at tho rate of 2 per cent.

per anuma on the daily balance.

On Brad, deposits for 12 months 5% per annum

TAKEO TAKAMICHI

-་

6

13

3

32

• Manxger.

Hongkong, 6th April, 1907.

500

YEDERLANDSCHE HANDEL-

MAATSCHAPPIJ.

(NETHERLANDS TRADING BOCIBTT).

ESTABLISHED 1824.

HONGKONG OFFICE:

3. Das Veux Road, Interest allowed од Current Ассоль Deposits received on terms which may be An application.

D. TONDOW, Manager. 812 Hongkong. 5th April, 1907

INTERNATIONAL

BANKIN

ORPORATION.

CORPOR

Fiscal Agents of the United States in China, the Philippine Islands, and the Republic of Panama,

PAID UP CAPITAL F£ 45,000,000 (£3,750,000) | RESERVE FUND RELLATE FUND... FL. 5,000,000

$17,000

HEAD-OFFICE: AMSTERDAM. HEAD-AGENCY BATAVIA. Branches Singapore, Penang, Shanghai, Rangoon, Samarang. Sourabaya, Cheribou, Tegal, Pecalongan, Pascoercean, Tjilatjap, Padang, Medan Doli), Palembang. Kota. Radja, (Achoen) Bandjermssis.

Correspondants at Macassar Bombay Colombo, Madras, Pondicherry.

Caloutta, Bangkok, Saigon, Haiphong, Hanoi, Amoy, Yokohama, Kobe, Melbourne, Sydney, New York, San Francisco, &c. &o.

LONDON BANKERS; ---

CAPITAL PAID UP ... ...Gold $3,250,000,

about Mex. 85,900,00

Gold $9,250,000, about Mex, 85,901,000 HEAD OFFIC: 60 Wall Street, New York. LONDON OFFICE: Threadneedle Honne, E.C. Branches and Aganta sill over the World LONDON BANKERS:

BANK OF ENGLAND. NATIONAL PROVINCIAL BANK OF ENGLAND LIMITED,

THE CAPITAL & Counties BANE, LIMITED. BEANCHES and AGENTS all over the World.

The Corporation transacts every description of Banking and Exchange business, rasaites money in Current Account at the Rate of THE UNION OF LONDON AND SMITHS BANK,2% per annum en Daily balances and accepts

Fixed Deposits at the following raten :--

For 19 ̊ mouths i per cents per anaam. For 3 For 8

LIMITED.

The Bank buys and sells and receives for collection Bills of Exchange, issues letters of credit on its Branches and Correspondents in the East, on the Continent, and in Grast Britain, America, and Australis, and transacte Banking Business of every description.

INTEREST ALLOWED.

On Current Accouuta 2% per annum ou daily

balances.

On Fixed Deposits 12 months #1% per annum.

6 do. $% do. 3 da મમ do.

do. do.

J. L. VAN HOUTEN Agent,

Hongkong, 8th June, 1907

D'

EUTSCH-ASIATISCHE BANK.

CAPITAL FULLY PAID UP... Sh. Tasis 7,500,000

HPAD OFFICE-SHANGHAI, BOLED OF DIRECTORS, Berlin.

BRANCHN +

Hankow, Berlin, Hamburg, Calentta, Tientsio, Peking, Trinanfu, Tsingtan, Kobo, Yokohama, Singaporo.

Founded by the following Banks and Bankers: KOENIGLICH SEHANDLUNG (PERUSSISCHF

STAATSBANK) Berlin,

DIRECTION BEE DISCONTO-"

GESELLSCHAFT

DEUTSCHE BANK

S. BLSICHROEDJE

BEELINER HANDEL

GESEILSCHAFT

BANK LUER HANDEL UND

INDUSTRIM

ROBNET WARBOKAUER & Co. MENDELSSOHN & Co.

M. A. VON RosaseniLD &)

SOEHNE

Jacon 8. H, STELN

Berlin..

Frankfurt a/1.

NORDDEUTSCHE BANKIN HAMBURG, Hamburg

SAL. OPPENHEIM, JB, & Co., Koela,

BAYERISCHE HYPOTHEKEN UND WECHSEL

BANK, MUENCHEN,

:

LONDON BANKERS

Mossrs. N. M. ROTHSCHILD & SON; THE UNION OF LONDON AND SMITH'S BANK LIMITED.

DECTSCHE BANE (BERLIN), LIND IN AGENCY

DIRECTION DRR DISCON TO ĜEBELLACHTAT

INTEREST allowed on Current Account, DEPOSITS received on terms which may be learned on application. Every description of Banking and Exchange business transacted.

F. JUNG,

Manager.

· Hongkong, 7th January, 1907,

监

"

+

No. 9, Queon's Road, Central, Hougkee. W. M. ANDERSON, Hanger.

Hongkong 24th July, 1997.

1239

neapditionally. The Commonwealth Govern- the Orient and Royal Mail Companies to curry ment has entered into an arrangement with

on the mail service for a year after the expiry of their present contract on Jan. 31 nex, and frenk teaders aro to be immediately called for, It has been publicly stated that Mosara Harlaud and Wolff had made a provisional weraugement, with the Commonwealth Govern mont, in the event of the failure of the lente to carry out their contract. The Belfast shipbuilders denied trath of the as a ment, which the decision to call for freak fenders shows to have an founded. Mesra, Harloud and Wolff are building • bont for the Royal Mail Company, which will be tui, loyed in the interim mail service. She will be able the Asturias.

MAMMOTH.

THE HA. 1. Of the leviathan steamer which Mosure. Har land and Wolff are to build for the Hamburg- American Compaur, few details have as yat transpired. But the state at that the seshol will be of nearly 50,000 tons" MAY be regarded a exaggerated. The dinusions of the boat, as foreshadowed, de not inlly with anything like such huge dimensions. Besides, if the abj-et is to go one batter than the 34,500kten Canarders, it is not necessary to build a shis of what, even seeording modern idest, would be of extravagant sizə. It is more likely to bo found that the now Harlurg-Americ in liner will be much nearer 40,00 tons than 50,000 She will have a competitor, of course, in the big sister which Meeses. Harland and Wolff ara laying down for the White Star Line, so that the Garman

to

are

perhaps precipitate in engratulating themelres ou the prospective porosion of the biggest abip in the world. In this respect the Canard Company will haro at least two years supremacy. The real interest Patres in the question of apsed, It has boss stated that the owners of the big Hamburg American boat will be antialio if she can do 18 knots. Tras it is that the Hanbarg American Compsoy, save for the Deutschland, bas been content to let the Norddeutscher Lloyd run very fast boate, and has contented itself with vessels of more moderate pacs. But it would be unwise to assume that Herr Ballin is going to be satisfied with anything liko 18 knots. In ibis connection the working arrange. ment between Messrs. Harland and Wolff and Messrs. John Browa and Co. bcomes important. Belfast has hitherto hon faithful to the recipro oating age. Clydebank has built the turbine. driven Lusitania as a samplo of what it can do, Whether the now Hamburg American liner is brilt at Belfast or at Clydobruk, it may by that abe will be a turbine biat,, and if she is it will berin e her owners want high speed out of her.

SHIPPING KING COMMISSION.

Following are the latest rail sconants of the sitting of the Commission, dated up to July 3rd:-

до

|

ring, rotsteel for themselves the option to calculate the tariff or schedule rates of fright on either the ton measurement or the ton on

oight. The advantages of the ring sratens were settled or stable rates of freight, regular sailings to and from South Africs; alternative ports of shipment and of discharge: steamers of high-class spand; and disclaimer of shipowners' rights to trade. With regar? to the American competition, they were told that the lower freight charged to the Americau manufacturer bat was driving British trade out of the & dong, a British manufacturer worth his salt would not be driven away from his market by any such He would sacrifice fire cont. of

por Ves08. his profit in order to hold his ground. Perhaps, 4 larger part of that favoured American trate was in gonds which were not shipped from England at all, His own opinion was that the Ings really aufered by the manufacturers was byo means as heavy as individual instances might load them to suppose. As the charge against the shipowners that in their own selfish interests they lightly and unpatriotically sari. iced the interests of British manufacturers was a very grave and injurious charge, the ship. owners had now an opportunity to relieve themselves of it. Let them declare that in the event of a froight war read ring it necessary for them, in their own interests, to every American goods at lower rates than British

goods, they would share with the British manufacturers injured aus extra discount specially granted by the manufacturers in order to neutralize the saving in freight ne- corded to the Americana. This would he evidence

a desire on the part of the ring not to disre- gard utterly the rights and well-being of British manufacturers, and would also be security that The ring would do their utmnt to projd a freight war which would visit them with a share of the

forced upon the mausfaclorers. Traders sad shipowners might well be left to settle their differences in South Africa as similar diffrences had been estuled elsewhere. Under prevent onditions, the traders wanted paraoally the advantages which the ring gave them, and wanted the Government to protect them against the disadvantages inevitable to the system. I they were all to agree, the system could bo rendered impossible

In reply to questions by the Chairman, the witness said that if the agreement between the shipper and the shipowner was never ending, and there was no other way in which the shipper could terminats tue agreement unless he made the sacrifice of some considerablo rebates, then the Government ought to protect him,

WEATHER REPORT.

The Hongkong Observatory yesterday issued the following report

On the 7th at 11.55 .m.-The barometer has risen slightly over N. Chios, W. Japan and the Looshoes, and failen moderately ovar N. Luzon. A depression apparently of sight intensity, having crossed Luzon, is now a tasted off the

Pressure remains high over the Pacific to the E. of Japan.

Moderate E. winds are expected to prevail in the Formon Channel and freshening E. and N.E. wide along the Northern alors of the China Se

Hongkong rainfall for the 24 hours ending at 10 a.m. to-day, 0,01 inches.

The forecast for the 24 hours ending at noon. Lo day is as follows:-

Longkong & Neighbourhood (") 15. winds,

Formosa Obannel..

J

1 moderate.

Same as No.1

The first witness called was Mr. E. Great Burls, Director-General of Storas at the fadis Office. He stated that the India Offer ship-N.W. coast of that island. ments amounted to about 250,000 tons per annur. These shipments were made by Confer ence lies who the sales tonilored by them were lower than those of their competitors or in case of oarlier sailings. Tenders wore invited in the open market unless circumstances dictated otherwise, and then negotiations ware entered into without inviting competition. Tus India Office never concerned itself with the rebate system. The rates obtained were, ou on the whole, lower than those accorded to marcha-ta, Frequent sailings were both dazir able and essential, but the stability of rates was by no means desirable from sa economic point of view, in fact it was doubtful whether it could be assured It would be perfectly practical for the India Offles, save under exceptional circum stances, to make arrangements for the shipment of all its cargoes by chartering in the open market, The Tudia Office had adopted no deBaite course, but bad accepted tenders of opposition lines when they had been lowest or offernise eligible. Tenderare wore frequently, but by no means always, members of the Ring. Whet the King was tendering each individual member afmost invariably tendered at the same vate. He never shipped" from this country by foroigo vessels, he could not do so without the express permission of the Secretary of Staté. Profurenco was only giren to boats in the Ring when they sailed earlier; thora no question as to whether boats were He had always fonad in the Ring or not. the Bing thoroughly reasonable in their drolipge with him. There Ware, of course, occasional unplastintnessee, but altoge- ther he had no complaint. He did not see what rabates had to do with frequent sailings, and he did not think they assisted at all, but that was rather a question for a shipowner to answer. If there was any attempt to keep rates up the India fee would "detaching

South coast of Chins between Hongkong and Lamooks South coast of Chias between

Sama as No. 1. Hongkong and Hainan, I

se at Gret, phowery later

(*) E. to N.E. winds, moderate to fresh:

SHANGHAI MA AND

HBANKING CORPORATION.

$10,000.000

PAID-OF CAPITAL RESERVE FUND-

STERLING RESERVE $10,300,000 SILVER REGELVE... 11,00 1,000

--821,000,000 Leskava LIABILITY or Paorroas 10,00,000

COURT. OF DIRECTORS.

Q. H. MEDHURST, Esq,-Chairman. Hor.Mr.Hanny Keswick.—Deputy Chairman A. Fucks Esq.

E. Shellin, Esg B. Goetz, Esq.

R. Showin, Esq. H. A. W. Slade, Esq. H. E. Tomkins, Eny,

A. Haupt, Esq. C. R. Lousmann, Esą. A. J. Raymond, Esq.

CHIRY MAN2.12.2 ilengkong-J, R. M. SMITH, Elonga

MANAGER. Shanghai-H, E. R. HUNTER, Esq.

LONDON BANKERS-LONDON AND COUNTY BANKING COMPANY, LISTED.

ILONGKONG-INTEREST ALLOWED, On Current Account at the rubs of Two per cent, per Annum on the daily bukuce.

ON FIXED DEPOSITH

For 3 months, 2 par cont. par Annum, For 6 months, 3 per cent, per Annuni. For 12 months, 4 par cout, per Annuin.

J... ETA,

Chif Manager, Hongkong, 14th June, 1907.

21

HONGKONG SAVINGS BANK,

Business of the above Bank

Was

Bight

a member of the bartering or by of the Ring. (Laughter.) | He had not be approached by shipper or: anyone else to get rebates lowered or altered,

Mr. Douglas Owen, who at the request. of the Colonial Office went to Johannesburg in 1904 to assist, as an impartial export, at a conference called by Lord Milner to consider the then relations between the traders and the shipowners, said that in the summer of 1904 be was requested by the Colonial Office to proceed to Johannesburg to assist as an impartial expert at the conference usled by Lord Milnes. at the instance of the trading communities of South Africa, to consider the relations which then existed between. tuo tradors Rnd shipownera A South African shipping ring wse in operation, and certain of the merchants Lad long bona complaining bitterly, of its methods and oppressions. The complainte mera that the rates of freight were inequitable and oppressive; that the shipowners secretly granted unfair CONCORSI to certain large companies to the prajndica of other traders; that the shipowners carried goods from America to South Africs at lower rates than from England

to ing the ring carried

goods from Germany at lower rates

in than British lines the ring would curry similar goods from Bogland to South Africa; and that the shipowners had used their privileged pusi ton as an instrament of oppression against shippers who Lad shipped goods by compsting lines. The most serious of the complaints was the one as to the unfair preference to Americas shipper, and the complaint was well founded. If the rates charged on the goc is from England ere on their merits reasonable, it was not evident in what way the consumers were injured

Tconducted by the HONGKONG AND to South Africa, that the Goemaa liuos bulong

SHANGHAI BANKING CORPORA TION. Rules may be obtained on application. INTEREST on deposite is allowed at 3, Per Cent. per annat.

Depositors may transfer at their option balanoes $100 or more to the HONGKONG AND SHANGHAI BANK to be placed on FIXED DEPOSIT ut 4 For Cent, per arouni.

For the HONGKONG ÅND SHANGHA

BANKING CORPORATION, J. R. M. SMITH.

Chiel Manager.

Hongkong, 12th January, 1907.

32

Cunliffe,

The Pioneer Exports

F08C2.

Russell & Co.

10 & 12, Place de la Bourse, ECURITIES issued by PARIS

European Gov'ts and Municipalities offering BESEMPTIVE prospectsofimmense returns. PAMPELETS

WHITE FOR

To be purchased for cash or on the **Times" system of monthly payments. ¿

CUNLIFFE, RUSSILL & CO. being the oldest-estab Dished fem of dealers in Premium Bondsinthe world, offer advantages absolutely un- obtainable sisewhere. Bonds guaranteed. Exceptional fact¡lles for payment. Numbers checked after everyDrawing Results of Draw- ings in English. Holders of drawn Bonds ad- vised at once. Prizes collecfed fire of charge. Bonds purchaseal Fat sight.", Loans granted fon Premium Bonds. Services continue until Bast Bond drawn. All transactionsconfdlonlít

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One ounce contains more food value than a beef steak.

TRY

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TYPEWRITER RIBBONS and supplies for ALL Machines kept in Stock.

OLIVER TYPEWRITER CO., LTD.,

Hougkong, 24th July, 1906.

1 PRINCE'S Buildings,

MAIL TABLES

FOR 1907.

Showe the dates of departure of the Mails

ON SALE.

to Europe and America, and the dates of their DIRECTORY

expected arrival at their destinations, as well is the dales of rotura Mails.

Mounted on Card

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On Paper

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..

Os Sale at the Hongkong Dolly Press (Fica Hongkong, 26th January, 1907.

The first Essential

for the preservation of the Teeth is to

keep them clean by constant attention

at least every morning and evening..

THE

AND

FOR 1907.

Complote Edition

Small

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$10.990 6.00

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Cleansing with this well known dentifrica lends still further to secure the preservation of the teeth and hygiene of the mouth.

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