1914-01-16 — Page 5

atler Tamere

Kuke, kinie

he Merchway of the Last

MAPIER JOHNSTONE'S

SQUARE BOTTLEŊ'

WHISKY.

UNVARIED FOR OVER

150 YEARS.

THE SAME!TO-DAY AS IN 1745.

BEWAREZO F IMITATIONS.

SOLE AGENTS IN HONGKONG LANE CRAWFORD & CO.

and from A. WIGN MERCHANTE.

Overcome

Your Doubt

Don't hesitate to put your faith: in the world famous Beecham's Pills, the best,, safest, surest and most reliable remedy for all stomach, liver and kidney troubles. When your stomach is out of order, it needs help, it must be thoroughly cleansed, strengthened

and settled. Give

Becchams Pills

a chance. Let them prove that they can do for you what they have done for thousands of others during the past half century, They will promptly and effectively remove all the discomforts which arise from utidigested food: will put your system in good condition and make life worth living. Any troubles arising fromderangement of the digestive organs will be quickly corrected by taking · Beecham's Pills. They will without a doubt promptly Cure

And Convince.

Sold in boxer, príco 94, 1111 & 219.

CHAPOTEAUT

[63

MORRHUOL

Superior to Emulsions or Cod Liver oil.

Each tiny Moerhol capsule re presents the medicinal value of a teaspoonful of oil,

Recommanded at the Paris Aca- demy of Medicine, for loss of appetite and flesh, to patients with consumptive tendencies.

Sold in bottles of 100 Capsules. Bold Ly all Chemists.

2991

THE NEW FRENCH REMEDY.

THERAPION

GFREE DISBAROXA, VITHEY SEX, WITHOUT INSITIONS,

THERAPION

NO. 1 No. 2

EORIA BLOCO POISON, NA ERON, SEIN RELATIONS.

No. 3

COR CHRONIC WRAKMTSSES, Data), Ler vioɔx, da BOLD BY LEADING CHEMISTA, VRIJD EN MKOLAND, BÁO

A CURE

THERAPION

KEND STAMF ADDRESS ENTELOFA YOR

FREE LOOK 18 CLARO MED.CO. Haverstock TD, HAUENHA, LONDON, YAS NEW DRAGKIT (1 ARTYLIZE)FORM OF

FOR YOU

RAST TO TANK

THERAPION AND

LASTINGCORK

BER THAT THADH KATEED WORD 'FurnariÓN”, SON Ext. dove, AMT AFFIXED TO ALL, DENTINE FACKETS.

INSIST ON HAVRIC THERAPION.

[175

新外中

港香

PUBLISHED DAILY,

123.5

Ya the oldest and still immeasurably the best Advertising medium among the Native Commanity.

Established for over Five YMARS Circulates largely throughout Southern Chins Indo-China, etc

;

HAMBURG LETTER.

THE HONGKONG DAILY PRESS, FRIDAY, JANUARY 16TH, 1914.

[BPECIALLY WRITTEN FOR THE "HONGKONG

Daily Pusss,""]

Hasteure, December 17th..

THE MONEY MARKET.

As a meeting of the board of directers. of the Reichsbank last week the President was again able to report favourably on the course of business during the past fortnight and to recommend a reduction of the official barik rate from si per cent. to 5 per cent, a very uncommon mousure at the end of the year, it being in fact the first time since 1870. An increased demand for money during the next few weeks was to be expected as usual, he said, but this the bank could easily meet, Private rates wero 1 per cent, below the official ones and greater gaso in the money antirkets was apparent everywhere, parti cularly in South Germany, where a marked decrease in trade generally and in transactions in stocks and other securi- ties had already set in more than a month ago. Fresh issues of loans, etc., were not to be looked for before the new year, and although the stringeney in the foreign money markets had but slightly abated, the rates of exchange in Londen, Paris and Now York were such as to render a withdrawal of gold from Germany highly improbable; besides, the Bank had made fample provision for an unforeseen demand of that kind. It was not with a view to encourage speculative activity but from a wish to afford relief to legitimate trade that he proposed to reduce the rate of discount. This having been agreed to, the official rstes now stand at 5 per cent. in Berlin, 5 per cent. in Londen, 4 per cent, in Paris and öð per cent, in Vienna,

So far the effect on the stock markets has been barely noticeable. Greater firm- bess prevails in some quarters, but pro- fessional operators: continue to proceed with caution, whilst the investing public still keeps aloof, the reports from foreign markots and the political events in México, occurrences nearer home such as a few more or less important failures and the steadily vanishing belief in the renewal of the shipping pool after January 31st, owing to the barely con cealed preparations for a raté war hy the great steamship companies, tend to keep up a certain feeling of uneasiness. Shipping shares have been neglected and those of the Hamburg America Line and of the Norddeutsche Lloyd, the two com panies chiefly concerned, have given way several points, although they have since recovered slightly. It looks as if the year were to close dull and lifeless in all branches of trade, which may be partly due to the fact of the holidays falling in the middle of the week. Whether the pessimistic views generally expressed, however, are altogether justiäed, may well be doubted. After the high tide of activity in the first six months of the year a pause was due and it one as an

WM. POWELL,

LTD.

ANGLO-ORIENT

SEAMLESS SQUARES.

REVERSIBLE

CORRIDOR RUGS.

HEARTH RUGS.

AXMINSTER. BRUSSELS. WILTON.

AND KIDDERMINSTER.

SEAMLESS. SQUARES.

STAIR CARPET.

MOHAIR RUGS.

[627

INDO-CHINA PORTLAND CEMENT COMPANY, LTD.

FAMOUS

DRAGON

BRAND

CEMENT

CEMEN

PORTLAND

BYRTLAND

ALWAYS IN STOCK

HIGH

QUALITY BUILDING

CEMENT

Apply to P. SOFFIETTI & Co. 14, Des Voeux Road Central, 1st Floor. Teleş kone 289.1)

per cent. in the previous year and 80 per cent in 1910, from which it may be inferred that fast year has been a more prosperous one in the machine building industries than the two preceding ones and that the various companies have had an opportunity of adding to their reserves and thereby strengthening their financial position.

UNION OF COTTON SPINNERS,

A union of the several cotton spinning associations of Germany representing | about 10 million spindles, or nearly the whole of them, was formed at a recent meeting of their representatives at Frank- fort o/M. The South German Associa tion has taken charge of the managenent and working committee has been appointed, for whose guidance a set of rules have been drafted. The object of the union is the better safeguarding of the interests of the trade, and the first probably be tas import duties on cotton yarns with an eye to the approaching revision of the German customs tariff and the negotiations for the renewal of exist ing commercial treaties.

[1049-1

CRICKET IN 1014.

ABRANGEMENTS AND FIXTURES.

At Lord's last month. the cricket programme for next season was arranged. There will be a special match at Lord's on June and in which a representative

England beloven will be engaged. The exact nature of the match has not yet been decided upon. Next year the present Lord's ground will have existed for a hundred ye for this reason tho programme at Lord's next summer will be rather fuller than usual.

Mr. Lacey, who presided, stated that no definite action had yet been taken with regard to week-end starts in county matches, and that if the counties thought these starts necessitated an alteration in Law 9 notice of any such alteration early in should reach the M.C.C. February.

VICTOR VICTROLA

THE GREAT HOME ENTERTAINER. There's nothing you could wish for in the way of Music and Entertainment that isn't at your command with the VICTOR-VICTROLA in your Home,

S.

PRICES FROM $35 TO · $345.

RECITALS DAILY.

MOUTRIE CO., LTD.

EXCLUSIVE DISTRIBUTERS.

BANKS

HONGKONG SAVINGS BANK.

THE Business of the above Bark-is con-

Tducted by the HONGKONG, AND

SHANGHAI BANKING CORPORATION, Rules may be obtained on application.

INTEREST on deposits is allowed on the Minimum Monthly Balances ut 3 per cent.

per annum.

Depositors may transfer at their option balances of $100 or more to the HONGKONG. AND SHANGHAI DANK to be placed on FIXED DEPOSIT at 4 per cent, par aznum.

THE

BANKS

(51-3

HE BANK OF TAIWAN, LIMITED. -

(INCORPORATED BY SPECIAL IMPERIAL CHARTER).

Capital...

Capital Subscribed (paid up)

Ilosurve Fund

Yen 10,000,000

6,250,000

2,620,000

HEAD OFFICE: TAIPER, FORMONA.

Amoy Swatow

BRANCHES AND Á GENCIES:

Trivan

Anping

Kobe

.. Carnsti

Canton

Nagasaki

Foochow Kocinag

Osaka

Shanghui

[16

For the HoYOKONG AND SHANGHAI

BANKING CORPORATION,

N. J. STABB,

Chief Manager.

Hangkang, 1st July, 1911.

EDERLANDSCH-INDISCH

HANDELSBANK,

(NETHERLANDS INDIA COMMERCIAL BANK.)

ESTABLISHED 1869.

Tokyo Yokohama

HONGKONG OFFICE,

9, DE Vœux ROAD.

Interest allowed on Current Accounts. Deposits received on terms which may be had on application.

K. TSUDZURABARA, Manager. Hongkong, 1st May, 1913.

[1972

Authorized Capital Fl. 30,000,000 (£2,500,000) Paid-up Capital... F. 17,407,000 (£1,450,582) Reserve Fund. Fl. 6,518,000 (£549,188) HONGKONG

FRAD OFFIUR: AMSTERDAM. HEAD ADENOTY: BATAVIA

LONDON BANKERS: A THE WILLIAMS DEACONS BANK. SWISS BANEVERKIN,

AND

BANKING CORPORATION.

Paid-up Capital

Resorve Funds :-

SHANGHAI

$15,000,000

Sterling

£1,500,000 at 2/---$15,000,000 Silver...

$17,450,000

$32,450,000

The Bank transacts every description of Banking and Exchange business, receives Reserve Liability of Proprietors $15,000,000 money on Current Account and on Fixed Deposit at rates which may be certainel

on application.

G. VERMEY, Manager,

No. 8, Des Vaux Road Central. Hongkong, 3rd October, 1913.

COURT OF DIRECTORS.

8. H. DODWELL, Esq.-Chairman,

Hon. Mr. D. LANDALY-Deputy Chairman, G. Friesland, Esq. J..A. Plummor, Esq.

[21

E, Goetz, Esq.

C.-S. Gubbay, Esq.

P. H. Holyoak, Esq.

after effect of the Balkan wars; but peace subject to demand its attention will The Navy and Army match at Lord'sHE CHARTERED BANK OF INDIA, C. Landgraf, Esq.

a revival of the demand may be expected

The

AUSTRALIA AND CHINA.

"INCORPORATED BY ROYAL CHARTER, 1659.

HEAD OFFICE-LONDON.

£1,200,000 Paid-up Capital... Reserve Fund;

$1,700,000 Reserve Liability of Proprietors £1,200,000 FOREIGN EXCHANGE and General Banking business transacted.

W. L. Fattanden, Esq. H. A. Siebs, Esq.

Hop. Mr. E. Shellim.

CHIEF MANAGER: Hongkong-N. J. STABB.

MANAOKA: Shanghai-A. G. STEPHEN,

LONDON BANKERS!

LONDON COUNTY AND WESTMINISTER BANK, LIMITED,

HONGKONG-INTEREST. ALLOWED,

On Current Account at the rate of Two

ON FIXED DEPOSIT.

being restored and all complications

is to be played towards the end instead between the Great Fowers having been

of the beginning of June, it being hoped averted by the care and skill of their

that the later date will enable his Majesty the King to be present. Yorkshire and statesmen, there seems to be no reason

Lancashire will again meet. three times, why things should not gradually resume

the extra match outside the championship AUSTRIAN INDUSTRIES.

beginning at Hull on July 23rd. their normal course, The position of

Accounts from Austria, I am glad to weekend start is obviously growing in trade itself seems inherently sound, there say, appear a little more hopeful. The popularity, the number of matches having been little or no over-production Minister of Commerce. Dr. Schuster, in arranged in this way amounting to over

CURRENT ACCOUNTS Lapened and nor overtrading and no dangerous addressing a meeting of the Council of forty, the great majority of them com-

Yorkshire have FIXED DEPOSIT received for 1 year or Saturdays. accumulation of stocks anywhere, as that Industry in Vienria a few days ago, gave fallen into the scheme as regards some shorter periods at rates which will be quoted per cent. per annum on the Daily Balanes.

it as his opinion that, although Austria had suffered more than other countries of their fixtures away, but all their home en application. A. S. HEWETT, as soon as money becomes casier; the from the financial and economic depres watches will begin on Mondays and Balkan States and Turkey are already sion of the last twelve months, her Thursdays as before.

industries. had borne the severe triale

Two benefits are to be given next year, appearing as buyers in the various mar-

Tarrant having the Middlesex and most orediinbly and that there was no kets and will no doubt take large quanti-cause to take a pessimistic view of the Hampshire match at Lord's, which begins ties of all kinds of goods when their future; the low water mark had he on May 30-the Saturday before Whit Monday and Hobbs the Surrey and thought, been already passed, and a Kent match at the Oval on August 10th, money became cheaper the improvement The season will end with a four-day would make further progress. Peace

match at the Oval between the Champion would ensure the normal development of County and the Rest of England. the foreign trade of the country, whilst ho was prepared as Minister of Commerce to do everything in his power to further the interests of the various industries.

KRUPP 6,

financial needs have been supplied.

MACHINS-BUILDING INDUSTRIES,

At the request of the society of German achire building establishments Herr E. Werner of Berlin has undertaken an exhaustive inquiry into the position and working of the numerous joint stock com panies engaged in the trade in this country, the results of which up to the end of last year have just been published, All works manufacturing plant and machinery, including shipbuilding yards and boilor-makers, the balance sheets of which to 31st December, 1912, were available, have come under investigation, whereas ordinary iron-works and manu factories of railway material and rolling stock have been omitted. 260 companies

The balance sheet of 1912-13 of F. Krupp, Ltd., in Essen, hus just been issued. The gross earnings of the twelve months amount to

L

M49.825,718 against M41,213,263 last year, to which have to be added M6,503,017 against 314,230,580 balance.

brought over from last year, M3,886,200 against M1,971,071 Cr

balance on Interest Act, M1,688,235 against M2,253,983 sundries,

315,686,276 against. M5,004,212 for taxes, M6,159,912 against M4,454,602 for State.

Insurance premiums,

with a total nominal share capital of from which have to be dedacted M679,050,000 out of 312 have thus been treated; it appears that the amount of capital actually invested in them is, how. ever, 861 millions or 27 per cent, moie than the aggregate face value. The shares of 131 are quoted on this different stock exchanges their nominal capital amount. ing to 470 millions, worth at the quota leaving a balance of M43,128,087 against tions on the 31st December last 973 M33,759,46 to be disposed of. It in. millions. Dividends on the actual values proposed to pay a dividend on the share

M7,919,805 against M7,050,047 for con- tributions to own benevolent institu- tions,

50

BUNG NGOI SAN PO have been declining of Inte years, the capital of 14 per cent. against 12 per cent.

(Chinese Daily Press),

average for 1912. Being 4.4 per cent., last year, after deducting M6,920,334, the against 5.3 per cent, in 1911, and 5.6 per statutory share of the members of the cent. in 1910, but the percentage on the Council of Administration, and face values shows, an increase, as only allocate 02 millions (face value) have yielded no dividends, and only 93 millions less than 15 per cont,, whereas from 5 to 11 per cent, have been declared on 342 millions, from 11 to 10 on 101 millions, 10 to 91 on 52 millions up to 25 per cent. on 6 millions, besides which "M3,000,000, will be distri- and 25. and over on 23 millions. In 1912 buted amongst the staffs and hands 88 per cent. of the nominal capital has employed at the numerous works as yielded dividends compared with 84 por. Christmas gratuities.

Terms for Advertising (Translation free) can be obtained at the Office, 10A, Des Tax Road Central, Hongkong, 131, Fleet Street, London, ar from the different Agents.

Documents translated from or into Classical Or Colloquial Chinese.

M2,000,000 to special reserves, M2,000,000 to pension and relief fund, 312,000,000 to holiday fund for the

employees,

CHIEF MATCHES,

June 22nd, Lord's: England Trial match. Juic 25th-Lord's: Royal Navy e. Army. July 6th-Lord's: Oxford v. Cambridge. July 9th--Oval: Gentlemen e. Players. July 10-Lord's: Eton v. Harrow. July 13th-Lord's: Gentlemen . Players. August 3rd. Lord's: Public Schools' match.

September 7th.-Scarborough: Gentlemen . Pinyers.

September 10th-Lord Tondosborough's XI. . M.C.C.'s South African tean,

September 14th.-Oval: Champion County v. Rest of England (four days).

PASSED THE CANAL

December 12th-Veleus.

Acting Manager

Hongkong, 14th April, 1913.

[1494

THE OKOHAMA SPECIE BANK,

LIMITED.

Authorised Capital ... ... Yen 48,000,000 Paid-up Capital.. Reserve Fund

...

EL

For 3 months, 2 per cont. per Annum. For 6 months, 3 per cent, per Annum. For 12 months, 4 per cent. por Annum

N. J. STABB,

Chief Manager. [15

Hongkong 9th January, 1014.

30,000,000 NTERNATIONAL

18,550,003

HEAD OFFICE YOKORANIA. Branches and-Agoncies at Antung-Hsin Lino-Yang Ryojun

Calcutta

(Port Arthur) Bombay

London San Francisco Chuangchun Los Angeles Shanghai Dairen (Dalny) Lyons Tickling Fengtien (Makdon) Nagasaki Tiontain Hanko

Newchwang Tokyo- Now York

Harbin Honolnin Kobe

Osaka

Paking

INTEREST ALLOWED ON CURRENT ACCOUNTS. Deposits received for fixed periods at rater to be obtained-on application.

EISHI ONO, Manager. Hongkong, 30th September, 1913. [464

NTHE

December 18th-Benglue, Jupan, Var waerts. Indraghir,

December 19th --- Muerdonia, Persia, T Glenfarg, O. V. 1). Ahlers,

December 93rd-Annum, Atreus, Kasa- ma, Deike Rickmers.

December

Vathay,

30th Benvenue, Coeben, einam, Nore, Nubia, Sazonia, Tydeus, Wakusa Maru, Yangtze, City of Baroda.

January 2nd-Cardiganshire, Aragonic, Glenturret. Sambia, Yorck, Brodstone.

January 6th-Bohemia, Hirano Maru, Konang Si, Spezia, Stentor, Sundo, West- phalia, Demodocus, Mogellan.

January 9th-Alcianas. Telemachus. Votentia.

January 13th Benlomond, Denbigh- shire, Derflinger, Bamaevs, Glenlochy, Himalaya, Indien, Nile, Segovia.

BANK MERCANTILE

INDIA, LIMITED.

Authorised Capital Subscribed Paid-up Reserve Fund

1

BANKZEB 2 BANK OF ENGLAND, and

OF

£1,500,000

1,325,000; 502,500 415,000

LONDON JOINT STOCK BANK, LIMITED. INTEREST allowed on Current Account at 3 per cent, per annum on Daily Balance and on Fixed Deposits at rates which may be ascertained on applicatim.

A. R. LINTON, Manager.

[788

Hongkong, 14th July, 1933,

BANKING

CORPORATION,

HEAD OFFICE: GO, Wall Street, New York. LONDON OFFICE: 30, Bishopsgate, B.C.

BRANCHES:

Bonbay.

Calculba.

Kobe. Manila,

Canton.

Mexico,

Cebu.

Pamatas.

Colon.

Peking.

Empire.

Hongkong

Hankow.

San Francisco. Shanghai... Yokohama.

CAPITAL AND SURPLUS Gold $7,200,000- equal £1,180,000 EVERY DESCRIPTION OF BANKING

BUSINESS transacted. CURRENT ACCOUNTS opened on the usual

torms.

DEPOSITS RECEIVED, fixed for one year at 4 per cent, per annum or for shorter periods, at rates which may bo ascertained on application. BILLS NEGOTIATED and COLLECTED, MAIL

REMIT- and TELEGRAPHIC TANCES made LETTERS OF CREDIT and DRAFTS granted on all the principal cities in the World. THE BANK'S CIRCULAR LETTERS OF CREDIT are available: all over the World.

COMMERCIAL LETTERS OF CREDIT

issued.

PURCHASE and SALE of. Stocks and

Shares effected. TRAVELLERS' CHECKS Bold and cashed,

GEORGE HOGG, Manager.

9, Queen's Road,

Hongkong, 21st October, 1913.

[1230