1908-09-24 — Page 5

Page

BANKS

YEDERLANDSCH INDISCHE

N

HANDELSBANK

(NETHERLANDS INDIA COMMERCIAL BANI)

ESTABLISHED 1883,

Authoriset Capital EL 15,000,000) · (421,250,000) Subscribed Capital FI. 10,000,000 (Paid up) Barve Fund FL 2,200,517,37 (£189,376)

HEAD OFFICE: AMSTERDAM, BOD-OFFICE: THE EAGUE... HHAD AGENCY: BATAVIA BRANCHES at Singapore, Sourabaya. Samarang Indramajoo, Bandoang and Weltevreden.

CORRESPONDENTS at Cheribon, Tega

Peralongas, Maossar, Pontianak, Padang, Medan, Penang Rangoon, Caleatis Bombay, Madras, Colombo, Karachi, Djeddah, Bangkok, Saigon, Shanghai, BANKERS:

London

ƒTHE WILLIAM DEACONS BANK;

Swiss BANXVERNIN,

Paris; COMPTOIR NATIONAL D'ESCOMPTE DE

PARIS.

Berlin: DAUTSOKE BANK

Brussels BANQUE DE PARIS ET DES PAYS BAS Vienna: UNION BANK.

Home BANCA COMMERCIAL ITALIANA,

THE BANK buys and sells and receives for collection Bills of Exchange, lases Letters of Credit payable in all important places of the World and transacts every description o Banking and Exchange business,

INTELEST ALLOWED,"

On Current Account at the Rate, of 2%-pe- anaur on the Daily Balanoes.

On Fixed Despoist r 12 months 4% per annum

do. 34% do,

do. do.

6

G 3 do. 3%

C. WOLDRINGH Manager. No. 18, Dea Var Road Central Hongkong, 19th August, 1005..

THE

267

HE BANK OF TAIWAN, LIMITED UNCORPORATED BY SPECIAL IMPERIAL "CHARTER.

Capital Subscribed (paid-up)...... Yen 5,000,000 Yen 1,140,000 Reserva-Fand.

HEAD OFFICE: TAIPRE, FORMOSA.

Amoy

Anping

Fooddow

Keeling

Bratow

BRANCHES AND AGENCIES:

Kobe

Nagasaki

Shanghai

·Tainan Tomuni Tokio Yokohama

HONGKONG OFFICE :

3. DES Vaux Road.

Intervet allowed on Current Acconat Deposits received on terms which may be had

-application

D. TOHDOW, Manager. Hongkong, 16th September, 1908.

I

TERNATIONAL

783

BANKING

ORPORATION

CORPORA

CAPITAL PAID UP.

Easy FUND

לו

-Gold ̄$3,250,000) about Mex. $7,922,050 Gold $3,250,000

about Max. $7,222,222

HEAD OFFICE: 60 Wall Street, New York. LONDON OFFION: Threadneedle House, S.

LONDON BANKERS:

BANK OF ENGLAND. NATIONAL PROVINCIAL BANK OF ENG

LIMITED, THE CAPITAL & COUNTIES BANK, LIMITED BRAKOHSS and Agents all over the World.

The Corporation transacts every description of Banking and Exchange busineen, reodiver money. Currant Account at the Bata of 2% per annum on Daily balance and socepti Fixed Deposits at the following rates

For 12 mouths 4 per cent. per annum. ForTM 6

For 8

3

*

No. 9, Queen's Boed, Central, Hongkong. W. M. ANDERSON, Manager

Hongkong 8th April. 1998.

1103

HONGKONG CONDORA NG HAI

BANKING CORPORATION.

P&ID-UP CAPITAL

RESERVE FUNDS:-

STERLING

£1,500,000 at 2/$15,000,000

SILTER...

$14,000,000

BANKS

THE"

LIMITED.

TOKOHAMA SPECIN

ΚΟΚΟΣ

F

THE HONGKONG DAILY TRESS, THURSDAY, SEPTEMBER 24rm, 1908.

BANK

CAPITAL PAIN-UP ............... Yea 24,000,000 RESERVE FUNDS AN 15,100,000 HaiD OFFICE —YOKOHAMA

Tokyo

BRANCHES AND AGENCIES

ORAK Lyons

San Francisco Honolulu

Nagamki

Kobe London

New York

Bombay Chefoo

Shanghai

Tion tein

Newsbwang Antang Tieling

Dalny

Luoyang

Chang Chan

Hankow

Peking

Port Arthar Mukden

HONGKONG-INTHEWST ALLOWED. On Current Ascount at the rate of 2 per cent per sanum on the daily balance.

#1

33

8

On fixed deposits for 12 months 57% per annum

4%

v TAKEO TAKAMICHL

Manager.

SERIOUS TRADE CRISIS AT HAND.

DE. SHAWWELL'S REASONS. WHI.

In the following article Dr. Shadwell, who le an experienced investigator of industrial condi. tions, explains in detail his reasons for forecast ing a very bad time indeed for British-trade:→ Unemployment, as it exists to-day in thts country, is a malady of the body social, which oan be best understood by an analogy, drawn from the body physical.

When something is wrong with a body its presence is revealed by pain, distress, incapacity Iack of ease in some mort-literally 'dis-ease.

Sufferers generally begin by treating them. selves, and then they ask the amateur advise of their friends or of some quack, and try sundry palliatives; but eventually they have to take it more seriously and send for the docter which means applying the beel knowledge

available to the sake

I have for some years watched unemployment as a symptom in the sense indicated with the confident expectation that it would in so long time compel the patient's attention, and force him to take serious steps to recover his health.

TIME COMING NEAP

The Tyne (shipbuilding and marine en gineering): "The shipbuilding trade is still dspromed."

HUNBRIDS ON SHORT TIME. Sheffield (steel): "The heavy trades are in a deplorable condition, and handreds of men are naemployed or engaged on short time."

now been

is

Barrow-in-Faruesa (steel): All dapartments of the steel trade are short of orders. The mille of Cammell, Laird sad Oo, at Workington, are at a standstill, and the mille at Barrow have oluped for three months. The outlook "Middlesbrough (iron and steel): «The iron market is still ia na ausablafsobory condition. Sellers are plentiful, but buyers are sexros. Finished iron and steel trade is in a paralysed condition,"

*

brass, and small

Birmingham (engin divity in the trade situation is more pronounced that for several metal trades): The years past. The heavy trades are being rapidly reduced to a sondition little better than that which has throughout the year, characterised the light metal-working branches. The machins tool trade appears to be almost at a standstill."

Bradford (wool): "Spinners and manufav. tarers are still very badly off for work."

Dewsbury (wool): The present bas nually The time seems to me to be coming usar. He

rough, all the stap lagon of been the briskest period for local trade, so that has gone treatment, of amateur advios, of the prevailing depression is all the more koouly neglect, of casual palliatives, and still the pain grows. 524

Hongkong, 12th Sepidmber, 1908. JEDERLANDSCHE HANDEL MAATSCHAPPIJ. (NRTHEBLANES TRADING BODIRTY). ESTABLISHED 1824.

N

PAID UP CAPITAL FL. 45,000,000 (83,750,000)- REVA FUND FL. 5,752,88484

(sboat £479,407

-HEAD-OFFIONI AMSTERDAM.

HEAD-AGENCY BATAVIA, BranchesSingapore, Penang, Shanghai, Rangoon, Eamareng, Sourabaya, Cheriton, Tegal, Pecelorgan, Pasooreean, Tatjan Padang, Medan Dell), Palembang, Kote Badja, (Acheen) Bandjermasin.

Bombay sto Maczmar, Correspondents Colombo, Madras, Pondicherry, Caloutta, Bangkok, Baigon, Haiphong, Hand, Amoy Yokohama, Kobe Melbourne, Sydney, New York, San Francisco, Vej ko.

LONDON BANKE88;- THE UNION OF LONDON AND SMITES HAR LIMITED.

The Bank buys and sells and receives for collection Bills of Exchange, ismon letters of credit on its Branches and Correspondents in. the East, on the Continent, and in Grest Britain, Amarion, and Australia, and transnote Barking Business of every description.

INTEREST ALLOWED

do.

On Currant Accounts 2% per samum on-daily

belazices. On Fired. Doposita 12 months 44% per aurum,

6 do. 7% do.

34% 3 do.

do. JL VAN HOUTEN. Agant, Hongkong, 16th July, 1908

EUTSCH-ASIATISCHE BANK.

DEUTSCH

CAPITAL FOLLY PAID UF, 8h. Taxis 7,500,00% HELD OFFICŜgangBai. BOARD OF DIBOTORS, BERJO,

It has become so insistent that though many people are deeply interested, for one reason or another, in hiding or denying their condition, it will not be hidden or denied, and my belief is that this winter or the following one the pressare will be so great that the patient can stand it no

and will ory aloud for serious treatment. 10 bat will dispose of the people who may there is nothing the matter; they will still ory, but will not be beeded. My reasons for thinking that unoh a crisis is near are these:-

In every populoas country there are at all times some persons te uporarily ent of work through the vicissitude of life. An some employer faile or has to disshagge of his people, or a business changes hauda or is removed to another place or it come to an end or on the other side illness, mix fortune, or miscondant may rob an indi. vidual of his place. The seasons als en tail fastuations of employment, These carson operate continuously, but some of them operate much more actively during times of depression. I cannot apare space to discuss the caness of the periodical fastnations of trade, but it must be aid that though they might conceivably be mitigated they cannot be avoided, because altimately they depend on natural conditions sad arents which are beyond human control. They affect all countries which de any business at all, and during the period of depression un-- employment from the causes mentioned above іпстервея,

CHRONIC PUMP÷ENCY_MEASURES, - --- It it is of moderate proportions the distress that anses is met with no great difficulty by sundry agencies which have been formed to dos!. with distress; if it is unusually movere special -mesturet may bare taken. That happens, for instance, whọn depression of trade coinsides with a vere winter which stops work of different kinda. It has happened often enough to others as well-as-to-use monopoly of it. When the emergency has passed the special masaurs pass with it. That the story of the Mansion House funds and offer públic efforts in part years.

felt.

These will mos; they stand for many other places equally affected. Bat to recline tha actual conditions thus barely indicated, one should see the mills and workshops in their present state and as they are in times of full work.

TRADE USION RESTLESSNE A third reason for regarding the prospect as exceptional is the restlessness in many import- ant trade unions, the tendency of the method of mutual

agreement to breakdowo, the readiness. of the men to disregard the advice of their own leaders and to resist ony rodaction of wages at all costs. The salient eximples are the ship-

right on the north-east coast, who wore out for several months, and the engineers in the same district, who went out between five and six months ago in, the teeth of the executive of their own society, and bare remained out ever sincr

A similar spirit prevails in other trader it marks a general obenga which bodes ill for the relations between employers and employed. There is set back to the principle of mutual agreement, which cannot exist without dissip line in their ranks and it looks like breaking down-bas, in fact, broken down-unter the strain of depressed trade. It is endless to any how greatly such confista aggravate the situation.

Finally, anemployment bas been deepened by the economies in the Services effoted by the Government, which form another exeoptional actor......

JAPAN AND THE "OPEN DOOR"

A Japanese Correspondent writes to the London Daily Telegraph :—

The demand which is being made in me quarters in America that steps should be taken to bring about an alliance between the United States and Chino, arawedly to counterbalance the Anglo-Japanese Agreement, has not entirely escaped nolics in Japan itself. Bat the Prese there may be depended upon to maintain its usual calm and reserved attitude fa connection claration of the Bat for several years now in this country with even no candid a energency measures heve not only been more and existence of feeling unfriendly to the Japanese more frequently applied and maintain for jonger as the wording of such a proposa), Though the wish to not periods, but have become permanent, and have to be rreognised: received statuary recognition. We are in a shroin some way or other hostile to Japan is nic state of emergency. It has recently Insted however, unmistakable on the part of a few, it is all the ugh a period of what la described us up still believed in Tokio-of that we may be assured precedented

outed is mitigated, or that the idea

good factuation, but it never on the part of Americans in generel toward Founded by the following Banks, and comed. Thus three stages mark the progress Japanese is not for a momont to be entertained. of the malady First, unemployment only and were it not that the suggested alliance called for special measures in periods of excep-between the United States and China seems to tional depression; then it called for them in every period of depression; now it calls for them all the time, even the periods of exceptional prosperity.

BRANCEES : Berlin,, Hamburg, Calcatta, Hankow Tientsin, Peking, Tainanfa, Tsingtau, Kobe Yokohama, Singapore.

Bankers KOENIGLICHE ÜBHANDLUNG (PLUSSISCHE STAATSBANK) Borlin.

DIRECTION DER DISCONTO.“

-GESELLSCHÄFT

DEUTSCHE BANK

8. BLEICHBORDEE

BERLINNE

GESET LSCHAFT

KANDILE¬

BANK LUER HANDEL UND

INDUSTRIM

HOBERT WAXSCHAUME & CO.. MENDELSSOHN & Co.

M. A. VON ROTHSCHILD &

BOCHN

JACOB 8. H. STEEN

Berlin.

. 29.

MO E SERIOUS THAN IN GERMANT And we are just beginning to slide down the slope of

serious depression. Surely it mest be obvious to everyone that the prospect is grate. A wave of depression bas certainly get

be regarded by its advocates as an offset to some fancied Japanese aggressions," and as a means of securing "peace and fair play in the Orient," there might be little to say against the contemplated alliance by outsidere, and the subject might be supposed to bave interest mainly for those dwellers on the Pacifi gost the United States among whom such a whole- berale-indax therent into California 'se the. Fallande might lead to, would still, perhaps,

in, and we face it from a worse pole onion with the Chiaree people, and

37

regard to unemployment, than ever. never before have the unemployed been with verige teapprehensions, Frankfurt w/hi

us on a large enough scale to constitate se ob NORDERUTICKS BAREIN ARERO, Hamburg Jest of public contorn and active efforts all

through a period of prosperity. That is not SAL. OPPENHEIM, JB, & Co., Kooin. BAYERISORE HYPOTEREIN UND WERBELatter of opinion, but one of patent fact which cannot be gainsaid. It is my first reason for BANK, MUENCHEN.

thinking that we are going to have a very bad time indeed with the unemployed.

LONDON BANKERS:

Mr. N. M. HOTHACHILL & SON; THE UNION OF LONDON AND SMITH'S--

BANE, LIMITE). $15,000,000 DEUTSCHE BANK (BERLIN), LONDON AGENOT

DISECTION DER DISCONTO GRSELISCHFAT.

$9,000,000 RESDEVÉ LIABILITY OF PROP'TORS$15,000,000 Count or DIRECTORS.

E. SHELLIM, Esq.,-Chairman,

Hon Mr. W.J. GRESSON-Deputy Chairman

E. G. Barrett, Deg.

Q.G.B. Broderson, Esq.

G. Friesland, Esq.

C. 8. Gubboy, Eug

W. Helms, Ring,

C. R. Lensmann. Eeg. R. Showin, Esq Hon. Mr.H.A. W. Slade H. K. Tonikins, Esq.

CHIEF MANAGER- Hongkong JR. M. SMITH

MANAONE : Shanghai-W. ADAMS ORAN

LONDON BANKEES-LONDON AND COUNTY BANKING COMPANY, LIMITED.. HONGKONG-INTBERST ALLOWED,

On Current Account at the rate of Two per dent. par Annum on the daily balance.

Or Fixa DEPOSITAL

Annam, For 3 months, 2 per cent. per For 6 months, 34 per cent, per Annum. For 12 months, 4 per cent, per Annam

JR. M. SMITH:

Quiot eng

Menghing, 22nd August, 1908

HONGKONG SAVINGS BANK

TUE

THE Business of the above Bank is

oouducted by HONGKONG ANI SHANGHAI HENKING CORPORA TION. Rule may be obtained on-application

INTEREST on deposits in allowed at 31. Per Cent. per annoia.

opular

Depositors may transfer at their baianone $100 or more to the HorGKONG AND ƏRANGHAI BARE to be placed on FIXED DEPOSIT. at 4 For Cont. per annum.

For the HONGKONG AND SHANGHA -BANKING CORPORATION.

J. R. M. SMITA,

Chief Manager.

Hongkong, 1245 January 1907.

And here, before golog on to my second reason, let me introduce a point to which I shall return ister. This obronic-Condition of sente unemployment if I may nee an apparent but legitimate contradiction of terms-is peculiar to this country. --

・

we are always stalwart supporters is Jasan. of the open door" policy and deem it menaces- are bere to point to the several occasions on which the uational policy has been adhered to by the Government of the day in circum stances which esa have left no doubt on the minds of other peoples that we priotise that which we

The porta preach. the Asiatic Continent which Japan has been instrumental in opening to trade sad commerce are freely open to all nations, and she merely desires to have her share is the benefits to be derived. To achieve this, however, sha In others there is unemployment which becanoct afford to stand by and merely carry out INTEREST allowed on Current Account, comes aute in bad periods of depression; they the duties of Menban, ie, a gatekeeper. She is DEPOSITS received on terms which may be are in our frat sage Bus as 8000, as the not there to hold the door open for others, but to learned on application. Every description of depression passes away the unemployed pass pass in and out as Creely as the rant of the world, Banking and Exchange business transacted.

with it. In Germany and the United States and with this kind of fair play she has everything A. KOEHN, which are most comparable with Great Britains in sympathy. The real reason steiged by those

and suffer next to her, 80 Manager.

Americans who arge the advisability of America's unemployment being an active treable el entering into a treaty with China is, as one the time, there is in good periods a ple leading Southera cotton-planter is reported thors

of employment the demand for

have said, "the South must get an outlet for MIBA (BARTERED BANK OF INDIA labour can hardly be satisfied. In the winter cotton." Another anti-Japanese writer-hailing of-932-8 the depression was equally great in AUSTRALIA AND CHINA

England and in Germany, 1 spent several INCORPORATED BY ROTAL CHARTER, 1853 months in the chief industrial districts in both

·KRAD OFFIN |---LONDON.

countries and witnessed it: hat there was this difference, that unemployment was a far more £1,200,000 serious trouble in England then in Germany, £1,525,000 where no procession or agitation occurred as they did here, and within a year it had ceased to £1,200,000 to broche, whereas with us it has continued

a trouble-ever since.

Hongkong, 4th December, 1907.

"T"

PAID-UP CAPITAL, mandatum, RESERVE FUND. RABBEYE LIABILITERS OF PROPKIN-

MA

...

*INTEREST allowed on Carment Account at the rate of 2 per cent. per annum on the Daily balances.

On Fixed Deposits for 12 months & per cent

34 for 8 for 3 JOHN ARMSTRONG,

Manager.

far from

ABRUPT STOPPING OF ORDEES.

to

опе

this time from the Pacífa siopa declares that the United States mast take aggressive actions against Japan. It should take the form of a hard and fast treaty with Chins." No can fail to appreciate the throughly liberal- minded view taken of the theory of an "open- door" that is breathed in these startling propo-

enter. diainterestednete opsion so gained of the ing into en alliance with Chins will be all the more vired when it is observed that at Char Teston, SC, the proposal is regarded as a man means of gasrauteeing poses in the Orient and f protecting the commercial interests of the

The second ressin for snticipating excep- tional trouble in the near future is the character of the depression. It is widespread of

of the American

more ever made for the commerce of this country (America). To Japanese osre, there it's nots of selfishness in all these deliveringss that is strangely at varianes with the theory

of fair emp pporters that our most ardent tition constsutly put forward.

n that far from Japsa may justly claim

it affects many great industries, and in some of United States in Asis, the large and con them it began in singularly abrupt manner.alantly morossing trade relations between the In the cotton trade, which employs more persons cotton interests of the Southern States (U.S.A.,) than any other single branch of incastry, the Larn same very suddenly. A member of one of and China "rendering the issue a burning one" Assther authority asserts that an the greatest firms of manufacturers, who 128

make the very highest class of goods, told me alianes with Chius would be one of the best that orders stopped as if they had been out off with a knife. That is a significant fact. It did not happen to all branches of the cotton trade alike spinners who supply yarn to other countries were less affected, but they toa are Stipbuilding, thedepression now feeling marine engineering, electrical engineering, cherishing any sort of aggressive intentions, motor care and many other metal very depressed, and consequently the trades he has bound herself by internations) which supply them with materials and tools are agreements which offer, it is sincerely hoped, in a similars ate. Let a quote a few of the now gaarantees for the preservation of the most recent reports to the Times from centres Ens quo in the Far East, aud does what she csa out there in aid of the legitimate interests. representing our staple manufacturers P

of other countries concerned..

Hongkong, 14th May, 1968. THE MERCANTILE BANK OF THE

INDIA, LIMITED AUTHORISED CAPITAL ................... £1,500,000 SUBSCRIBED

- 1,125,000 582,000 PALD-UR

210,000 RESSEXE FUND. LONDON JOINT STOCK BANE, KITED. INTEREST allowed on Current Ascounts

the rate of 2 per cent, per aRTED OF Daily-balance.

ON FIXED EXPOSITS; For 12 months

$ per cont 3 per cent, For 6 For 3

8 per cent, EVAN ORMISTON,

Mazinger. ̈

Hongkong, 23rd April, 1998.

metal indretriesurs.

The Clyde (shipbuilding and marine en- gineering): "In the yards that are working conditions are far from favourable, sud short time is the general ralo. There is little or no fresh work reported for almost any class of boat, and unless there in a general revival of trade soon the coming will be a somewhat trying time for the Clyde."

HOW TO A BEAUTIFUL Keep your com plexion, Mrs. Ellen's Crème Charmants. Lair Charmant and Special Skin Tohle and Poudre Charmant will enable you to do it. Hát Specialition for the Skin are the starty of a ifetime. A. 8. Watson & Co., Ltd., Sole Agents

622

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MARTIN, Clamit, SQUXBEEPTOR,

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SOLE AGENTS IN

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