1921-05-11 — Page 2

THE HONGKONG DALLY PREES, WEDNESDAY, MAT 1118, 19:

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714:

HONGKONG AND SHANGHAI BANK,

FOUNDATION STONE OF NEW PREMISES AT SHANGHAL

IMPRESSIVE CEREMONY. AND NOTABLE SPEECHES.

HOVES OF FUTURE PROSPERITY,

PREPAID "WANTED

ADVERTISEMENTS.

10"

TO LET-GROUND FLOOR No. 17, Apply within.

Ashley Road, Kowloon From lat Jane,

81

With a silver, ivory-handled trowel and A silver, ebony-hosded gävel, supplied by Messrs. Lavers and Clark and presented by the architects (both implements in- scribed as to the purpose of their use), Sir Beilby Alston then laid the stone, which was lowered into place without a hitch. His work was inspected by Sir Edward Stubbs and Vice-Admiral Sir A. Duff and Sir Beilby announced: "I declare this stone well and truly laid, Their Excellencies the Governor of Hong-WANTED UNFURNISHED kong and the "Commander-in-Chief declared also that this stone is well and with outhouses, middle level preferred.-C. R. HOUSE, containing 3 or 8 ROOMS, truly laid."

cio Devily 'ress Office. The stone bore the inscription, in chiselled gold lettering:

This stone was laid by

C.B..

H: H.31. Minister to China

ou the Fifth Day of May, 1921 in the presence of

H.E. Vice Admiral Sir Alexander Duff. K.C.B.

Shanghai weather would-appear to be achievements that the Bank's business without respect for anything and thus it now requires this new building worthy was that, on Thursday, May 1st, on one of its position in the 'fasure of the East of the greatest days in Shanghai's comand of the commercs and industry of mercial history, says the . Dasty Shanghai. News, rain poured down in torrenta and in no small measure spoiled things. For We are passing through strenuous; His Excellency Sir Beilly 'Alston, K.C.M.G., the laying of the foundation stone of times; a wave of deep business depres the magnificent new building of the son is passing over the commeros of the Hongkong and Shanghai Banking Cor world, touching us as well as our res poration, the greatest of British commerpretive peoples at Home. But just as cial institutions in the Far East, can we se those fine new structures arising surely be called a great occasion. How-out of the old on the Bund so I believe. ever, the scene of the ceremouy had been we shall see trade and prosperity in covered in with a big matshed and, once thius renewed and enlarged at no distant inside, the guests certainly witnessed the date, and before this new building will proceedings in comfort. dais had been be ready for it. We have behind us and, T. 3. Edkins, Chairman of Directors Prected at the back of the foundation our enterprises the wonderful resourers A. G. Stephen. Chief Manager stone, set in the wall facing the Bund, of China, with the industry and thrift. H. Stitt, Shanghai Manuger whilst walls and roof were druped with of its great people, and working and almer and Turner, Architects the Union Jack in all its scores of varic co-operating with them there can be no Trollope and Colls, Contractor ties as untional and Colonial fing, ship-doubt of the future. Throughout the ping ensign, etc., and with the flags of past 10 years of political unrest and re- the Allied nations.

volution and counter-revolution in The attendance, of course, was fully in China the inherent financial strength and kreping with the occasion and it would stantly asserted themselves, and I believe

hopeless to attribut to priot the names of all present, for there must have been will continue to do so. at least several hundred of Shangbai's Before asking Your Excellency to lay business and professional inen, with their the enener stone. I will ask Mr. Stephen wives; and it was simply the imposto speak chielly on the past history of ability of providing the necessary seat the Bank in Shanghai and about the ing space which prevented more invita-magatticent building that will tions being issued, or more people being occupy this site. (Applause): admitted.

THE CHIEF MANAGER.

ミ

soon

Mr. A. G. STEPHEN, chief manager of

Commander-in-Chief Chinn Station H.E. Sir Edward Stubbs, K.C.M.G.. Governor of Hongkong

THE BRITISH MINISTER'S SPEECH.

62

WANTED SHIP'S SURGEON and

WIRELESS OPERATOR -Apply P.O. Bes 269.

WANTED.

04

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TENDERS INVITED.

(909-

Offica

PROPOSALS FOR COAL He received line patil 11 4.M., MAY 18TH, 1991, Department Quartermaster, Philippine Department, Manila P.1. Seuled proposals will

mail: linister to China, then spoke.

Sir Beilby Alston, R.C.M.G., C.B.

said:

men, our friends, Mr. Edkios and Mr. Your Excellencies, Ladies and Gentle Stephen, have done rue & great hohe in inviting me here today to lay the foundation stone of the now home of the Hongkong and Shanghai Bark in Shang- har. It is also a privilege and a matter "of great personal interest to mo to have my name so permanently acciated in

BASX ASSOCIATIONS,

Mr. G. T. M. Edkins, chairman of directors, was in the chair and the others on the platfortu were His Excellency Sir the Bank, said:-Forty-five years ago this manner with the magnificent build- Beilby Alston, K.C.M.G., C.B., H..oremony similar to this, but on a ruchings which are to be created on this spot. Minister, and Lady Alston, Sir, E. D. muore modest scale, took place near this H. Fraser, R.C.M.G., H.B.M. Consul put and in due course a substantial Goneral, and Lady Fraser, Vice Admiral brick building arose which has bo the Sir Alexander Duff, K.C.B., and Miss home of the Hauk since that time till last year or two of being, contemporary with It happens that i am myself within Duff, His Excellency Sir Edward Stuble, year. For 10 years previous to that the the original foundation of the Corpora K.C..G.. Governor of Hongkong, Miss Bank had been housed in an unpretention itself in 1881, and for the past 30 Edkins, Rear-Admiral and Mrs. G. Htious building on the site now occupied years and more it has been my good for: Borrett, Mr. A. G. Stephen, Chief Man by the Palace Hotel. At the outset it turs to have been connected with some of nger. Mr. and Mrs. C. A. Stith Mr. H. We wonderful isi 58 Directors the most important international trans

Fox. 0.3.0, and Mrs. Fox, Judge ostentation on the part of the Directors zetions of the Bank. Skinner Turner, Mr. and Mrs. A. Brooke and management to erect a building so Smith; Mr. and Mrs. John Johnstone, disproportionnte in size to the require

With the retirement of my very dis Major and Mrs H. Keswick. Mr. dndments of the Bank, present or prosper tinguished predeassor, Sir John Jordan, Mrs. Lowson, Mr. and Mrs Hynes, Mrs. tive. James, Mr. Chu Paa-san, General Ho was found that no mistake had been made in my service who can claim so many In a few years time, however, it proud to think that there is no one Feng-ling. Defence Commissioner Shanghai and Sungkiang, Mr. Hau ments had to be made, including the crea prominent gentlemen who have directed of as to size, and as time went on adjust-years acquaintance as myself "with" the Yuan, Commissioner for Foreign Affairs, tion of a subsidiary office in Hongkew, the affairs of the Bank in London sinco Captain Wa representing Admiral to cope with the increasing business, until back to Sir Ewan Cameron and Sir Laug) and Mr. Chang Nich-yun. The at last we were forced to consider making Thomas Jackson, and in

1890. My earlier recollections carry me ladies of the party were presented with clean-aweep of the old building and beautiful bouquets and the Municipal making a fresh beginning if we meant those with whom I have been more closely orchretra played selections after the cere to conduct our business with confort and cocted are Mr. Townsend, Sir Charles.

convenience to the public and to

our Addis, and Mr. Hillier

mony.

NO REPETITION OF MISTAKES.

later years

The Minister drove up from the Briselves. tish Consulate in a car excorted by two

The growth and expansion of these new very smart troops of mounted Sikh police. Our predecessors 45 years ago, though and expansion of British trade, not only baildings are symbolical of the growth troopers and, with the band playing the they were no doubt able and far-seeing in this great metropolis of international National Anthem, received a salute from could not look far enough into the enterprise, but throughout the Far East, a guard of honour composed of British future and did not dream of the great wherever the ramifications of the Bank infantry detachments of the S.V.C developments awaiting this port and the extend. They speak volumes for the ser- trade of China generally, and, consevices rendered by the Corporation in juer.tly, of the business of the Bank, We fostering and assisting that trade and in cannot blasie them; but, we have deter: 50 can help it, and the building that will morning. I saw other splendid buildings, mined not to repent their mistake if we enhancing the prestige of the British As I came along the Bund this be greeted here will dominate the Bund properties of British firme Messrs. Jar. and will provide for our future require-dine, Matheson, the Glen Line, and the seats, as far as we can see, for ever and Chartered Bank-owing raising, or

day.

About to raise, their heads proudly sky- The building will be an indication of wards. I feel sure you will agree with ar faith in the future, in the future me that, in these days of trade depres

MR. EDKINS: SPEECH. Tho proceedings were opened by Mr. Epsins, who said.--

On behalf of the Hougkong and Shang hai Banking Corporation have great pleasure in welcoming Your Excellencies here to-day, also the many friends of the Bank of all untionalities who are present it is a great compliment to the Bank Over which that H.M. Minister, Sir Beilby.

have the honour development of the trade of China, insion all over the world, and not least in

maintain its icnding position here. We could never have achieved-and we can ever maintain that position if we did not posses, as I think we do, the good

SERVICE TO CHINESE GOVERNMENT,

should come from Peking to lay the the future of this port where we expect thing, it is a source of pride and satis foundation atone of a buiding that will al: nations will be allowed to trade peace faction to realize that all these buildings mark 8 new stage of the development of fully for all time, and in the future of are convincing proof of the power and the Bank with the progress of this Settle the Bank which we trust will always solidity of British commeres. ment and its grent trade, linked up as they are together; and thats the Com- mander in Chief of the China Station, Sir Alexander Duff, and the Governor of Hongkong, Sir Edward Stubbs, should will cf our neighbours, Chinese as well as also have made it convenient to be pre- sent. 1 am glad to see se an indication: by of goodwill and good feeling that so many of the public with whom the Back has relations have honoured the occasion with their presence.**

A WITNESS TO SHANGHAT'S TEADE

TO FOSTER PEACE AND GOOD WILL

... LAID, IN THE FOUNDATIONS,

Lady ALSTON then came forward and

--

The presence in our midst to-day of so many prominent and distinguished preciation of this fact. Chinese gentlemen testifies to their ap

1 do not forget thut, in addition to and tish trade, the Hongkong and Shanghai apart from the services rendered to Bri- foreign. We have gaired that goodwill Hank has been the pioneer of Guancial trade of all mitions liberally and gym which it continues to be the most repre our policy of assisting legitimate servien to the Chinese Government, of pathetically, and by encouraging local sentative channel. taterprises to the best of our ability. That policy will be continued as long ives all of us connected, with they the Bank exists. Bank pleasure to have with us to-day Mr Vyvyan Dent, his son, and grandson, re- On-the done in the banking hall that Presenting as they do the second, third Hill soon be erected near this spot, wa and fourth generation of one of the ere placing, in imperishable material, a Founders of the Bank in 1866, Mr. John jeg from the writings of the saga Con-task before the world to-day is to Ladies and Gentlemen, the greatest The character of this gathering is

fucius Within the four seas all men are cultivate friendship amongst nations. It brethren convincing testimony to the cosmopolitan meat like this, where all men have equal while. If we Britons, who should always In an International Settle is one of the few things really worth relationships of the Hongkong aud rights, the mutto seems very appropriate remember that we are guests in this Shanghai Bank

It is our carnest hope that the banks, in country, lived alongside our Chinese assisting the development of international hosts on any terms but those of clase I will not unduly delay the ceremony, trade, will contribute. even little to friendship, we might well describe the but this occasion is unique and regard wards fcatering peace ing you as friends of the Bank, I want among the nations of the earthwhose law, order, peace, everything that is just and goodwill situation as barbaric. Common sense to touch on the relationship of this new trade reaches these abores (applause.) office to the personnel of the Bank as well ne to the growth of Shanghai. A great

and right, demands honour and fair deal Bank building is to be erected on this. the chairman said: "Lady Alston is After that, co-operation is the key. ing in our relations with the Chinese. site, a building that will be distinguished kindly placing in the cell here records of stone of all successful enterprise in even among the fine buildings that are present-day Shanghai. springing up along the Bund. It will Lady ALSTON placed under the stone

China. stand as witness to the expansion of the Bank's business

the following:- trade and industry in Shanghai and

in Shanghai of the Hongkong and Shanghai Banking Cor- 1 have always had the greatest confid- China. To an old Shanghailander who 1 Hongkong and Shanghai Banking Cor-ration of the Chinese and Anglo-Saxon ence in the future derived from co-ope comen and goes, the extension of indus- puration 5 Note. trisi interests, with the adoption of

1 Hongkong and Shanghai Banking Cor- the energetic mentality of the Anglo- races. Sharp as is the contrast between larger and larger business buildings byporation $10 Note Chinese and foreigners alike, is ever.

Saxon and the philosophic outlook of the marked. This new Shanghai is a lasting

1 Hongkong

Shanghai Banking Cor Chinese, there is a strange likeness in tribute to the business enterprise of

poration Not

1 Hongkong and Shanghai Banking Cor-is still true that the word of the Chinese the temperament of the two nations, It Community, to the value of Chinose and poration $100 Note foreign co-operation, and, by no means

merchant is as good as his bond and least, to the efficient and judicious ernment of the Settlements by the Muni-

we may hope that both nations have gov.

this in common, that they believe in a cipal Councils and Court of Consula

Without time remarcable development

square deal. The Chinese understand of business and industry in Shanghal of

the Anglo-Saxon mach better to day then the last 20 yours this building would not

they did 50, or even 20 years ago, and the have been planned, but apart from that

Anglo-Saxon is slowly but surely recog it will be splendid testimony to the entor

nizing the fine characteristes of the prise, business ability and judgment of

Chinese. My confidence in the future is the successive Chief Managers and staffs

encouraged by the splendid-example of the Bank from Sir Thomas Jackson'

given by so many British firma in Shang- onwards. It will form a link between

hai and elsewhere in China in bringing our respective nationals together and in their successful efforts to promote inter

the

Note.

I Bank of China 85 Note:

Hongkong Hollar Shoe. 1,Sycoe I'Chinese Dollar.

120 cent Chinese money. --I ́Aléxican Dollar...

1 Your

110 cent Chinese money. 15 cont Chinese monoy.. 1. Copper cout.

1 Copper cash.

I caati

Copy of North China Daily News, May

the achievements of the past staffs withony at Shanghai Mercury, May 4th, those of the present, and in this connec tion I would like to record the tributo

of

Copy Finance and Commerce, April

of the Board of Directors to Mr. Stephen,mith, 1921.

the worthy successor in a great manager-Copy of British Chamber of Commerce ship to Sir Newton Stabb, to Sir Newton

Stabb himself, and to their London colourisal

leagues, and to the fine stalls of the Copy of China Press, May 6th, 1921: Bank in various commercial centres of Loy of Hongkong Daily Presa, April the world; It is due to their jointle

27th, 1921.

UBINESE AND ANGLO-SAXONS.

nationals societies which will cement the bonds which have happily so long exist od between our two countries.

ever closer In the general interest of We all hope that these bonds will grow world stability and world peace.

(Continued on page .)

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cation.

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