THE HONGKONG DAILY PRESS, MONDAY, APRIL 2ND, 1923.
BANKING AMALGAMATIONS.
COMPETITION OR STRENGTH ?
The following interating observations on this subject are by a city correspondent of The Observer:
and Co with bicct of
One can scarcely imagine, for example, a concern of the "dimensions of Lever Bro- thers with upwards of £48,000,000 of issued capital, finding the facilities of a moderate-sized, bank," or even of two or three, sufficient for its requirementa
any
LONDON AS THE FINANCIAL CENTRE. The recent acquistion by Lloyds Bank of the business of Mrs. Cox and Co, the argument in favour of the big bunk is the From an international point of view, an well-known Army bankers, closely followed by the amalgamation of Glyn Mills Currie centre of the world. Traders all over the maintenance of Loudon as the financial and Co, have revived world find that trade can be niore economical. interest in the gamations. With the of banking awal by financed in London has
of 4 for capital, and for this reason London ha provincial banks, chiefly in
Lancashire district, 730 Banking facilities England for a large
of
maintained its
its position as clearing-house of the commerce of the portion are now in the hands of seven institu- work, buyers and sollers of goods in tions, consisting of what are known as the
countries
d receiving Bank of Liverpool and Martins, and the
at the cent
point Such Williams
Deacun's Bank. To the absorp placements of credit, and they could not tion of mers Array
Agents
D
WATSON'S
&
NO
N
10
W
N
H
E
ALL
agree that the
best is the cheapest.
Y
BO
Watson's
agrees that
N10
Watsons is
#PIO
Τ
E
Bundes
Dundee
EVERYBODY | "falson's
Kit Rotch Who
& Whisky
preserving The finest traditions of
SCOTLANDS
BEST
SOLE AGENTS.
JAVA-CHINA-JAPAN
JCJD
York. Building
Tel 630,
LIJN.
Tel. Address:
JAVALYN
Tel. Central 1574,
REGULAR FORTNIGHT SERVICE BETWEEN JAVA, CHINA AND JAPAN,
WILL LEAVE
ON ON ABOUT
ON OR ABOUT
TJIMANOEK ... NORTH CHINA
In port
2nd April
TJITAKOEM
JATA
TJILEBOET
JAVA
In port i3rd April 4th April
TJIKEMBANG NORTH CHINA
9th April
16th April
Wireless Telegraphy.
For
BATAVIA: vin: BILLITON
CHINWANGTAO & DALNY
SHANGHAI & JAPAN
BÁTATIA
Tha Bhosumers are all ifted throughoma with Electric Light and have socommodation . tara mlted mur ber of saloon Passengers. All beamers carry a daly qualled cartos Cargo fakón at through ratos to all ports in Netherlands Indís and knitialla, T
For Parbloklars of Frolzhi and Paamage apply to the
JAVA-UHINA-JAPAN LIJN.
VEREENIGDE NEDERLANDSCH3
SCHEEPVAARTMAATSCHAPPIJ
(United Netherlands" Nävigation Company)
HOLLAND-OOST AZIE LIJN
(Holland-East Asia Line) (Members of the Straits, Chins and Japan Conferences).
►
Regular monthly Service between. ›
JAPAN FORTS, SHANGHAI, HONGKONG AND MANILA
AMERICAN, ROTTERDAM, HAMBURG AND BREMEN
AND
Sailings, subject to alterations.
Arrivals from Europe.
BS "OOSTKERK
BE. "OUDEEKERK”
About 25th April. atent 25th May.
Bboamers
"BANKA"
Sallings to Europe.
For
Salling on or about
Amsterdam, Rotterdam, Hamburg & Bremen 30th Apr. For full parklänlar's bioase apply to--
York Buildings
JAVA-CHINA-JAPAN LIJN.
General Agents.
"Falconite
WHITE ENAMEL.
Used in all Parta
of the
World
for the
Finest: Craftsmen
Cour
Finest Results.
"Falconite" is easy to work-dries with a brilliant lustre
that keeps glossy and white
"Falconite" is made by expert and practical men that
know how Enamel should be made.
"Falconite” Undercoating-gives the smooth, hard surface
that is ideal for the lustrous finish.
WHO
Stocked in Hongkong.
Wilkinson, Heywood & Clark, Ltd.,
“Kaaneparnton su dhe United Kmediod
ALEXANDRA BUILDINGS, HONGKONG. •
the
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED.
BAILINGS SUBJECT TO ALTERATION.
...Mouday, STRAITS CALOJUTTA VİR AMOY KWAIBANG" BANGKOK is SWATOW "CHAESANG". Monday, TIENTSIN
"OBLONGSHING" Tuesday, KOBE SHANGHAI
"KUTSANG" ...Wednesday, BAIGON
via HOIHOW
IPHONY, A SWATÓW
MANILA
STRAITS & CALCUTTA”
KOBE I SHANGHAI KOBE SANDAKAN
BANGKOK via HOIHOW ***.
***
2nd Apr., Noon.
2nd Apr. Noga,
3rd Apr., Noor,
4th Apr. Neon.
... Wednesday,
4th. Apr. 5 pas
Friday,
...Friday,
****YDENSANG"
...Friday,
"FOOKSANG"
Saturday
Thursday
6th Apr, 10 h 8th Apr., Neon. 8th Apr., 1pm. 14th Apr., 3pm. 18th Apr 20th Apr, Noon. 2016 Apr. 2 p.m. Slat Apr, 10.m.
...TAISANG
NAMBANG
HUSANGTM *HINHANG." "CHUNSANG'
Nou
Five, and two other institutions as
frequently involve toron dia. | CALUUTTA LINE – This Lixo affords regular - sazingu do. Calerth, Penneg 100
be but for the vast mobilisa- resources which al mand. With its almost unlimited ramifies large bank can com
ortion of t
banking institution there can littellected with esse
except perhaps a senti mental
is heard expressing much sentiment over the ways of a books; but location to its customers in any part of to the primolo of diminishing the number have invespecially as the combinations
world-
Bingapore ; rezurning from Calentin steamers proceed via Straits and Hongtong to Japan, occasionally calling si Bhanghai..
· Allį, stommers have excellent passenger sogemmodation, are
bed with Wireless and carry a fully-qualified Burgeon.
And it is not frequently on the bie bank is able to afford accom- | BHANGHAI LINK-BalitogH APPTOSÍTOM Daly every files, ¿liye Dekozen Gardorių med
that a
of banks by combination, which has been
so marked a feature of recent years, grave objection has often been raised.
“THE BIG FIVE"
the
WAS
The late Sir Edward Holdea was pro- bably the most powerful supporter of
amalgamation movement,
and it to largely due
the activities of the London City and Midland Bank, under his guidance, that the other great London. banks adopted similar measures. was his recreation to motor about the country studying bank branches and bank sites.
Under its present
.It
Year
bile
the
stylo of the London Joint City and Midland Bank, this institution now embodies no fewer than thirty three other banks, taken over during the from 1851 to
period 1990, the most important unions having been elected since 1017, in which Belfast Bapking Company the purchase of its shay was acquired by
share capital, the following year amalgamation with the London Joint Stock band was affected, and in 1922 the share capital of the Clydesdale Bark was acquired. In the process of these absorptions the bank has attained a position of pre-eminence as regards the magnitude
of its deposits, which exceed £350,000,000.
+
It is
colonial and foreign banks
with a minimum of trouble and the utmost MANILA expedition. In any case, there is this to
Bhangbai,, sometimes calling at Bwaton. Through tickets- onak
immed be obtained and through Bul of Lading ATS Berkhaus sud Yangbum Pretu via Shanghold. LINE :- A Wickly service is maintained with Maulla by yonants with good
pengar aoscenmodalom, sailings from both perit evory Friday,
Hobow
Chien buducens à affery.
be said for the mammoth bank; we should | BAIFHOFA LEJANART Appram to hockly for passouigers and
OKTO
almost certainly have seen more financial difficulties during the troublons times ex- BORNEO LINE-Fortusightly flags to and from Bandakan, by two 5,000 be perienced since 1914 but for ita existence.
INSURE WITH THE
OCEAN
ACCIDENT ↳ DUARANTEE CORPORATION – LIMITÉS SongČaponaria on jaladetan
ACCIDENT & ILLNESS „MOTOR CARS, MOTOR CYCLES" FIDELITY GUARANTEES BAGGAGE, BURCLÁNY EMPLOYEES INSURANCE;
SHANGHAI OFFICE-
62, FinnG BOLD.
with its latest equalled by Lloyds Bank, Cas extension, which involves an addition of
approximately £18,500,000 to its existing total of about £330,000,000 of: deposits. Even before the Holden enterprise AGENTS for Hongkong Lloyds Bank was noted for its large number of ramifications. The principal constituents of the bank now are the Capital and Counties Bank, absorbed in 1918, the National Bank of Scotland, practically the whole of the capital of which was acquired in 1918, and the London anxi River Plate Bank.
BARCLAYS AND WESTMINSTER Third on the magnitude list is Barclays Bank, with upwards of £300,000,000 of do posits, built up greatly by amalgamation and absorption. The bank absorbed the London Provincial and South Western Bank in 1918, and a year later acquired the share capital of the Union Bank of Manchester, and the whole of the stock of the nen Bank. 1
A great Scottish institu- tion, and in 1820 the share capital of the Anulo Egyptian Bank was acquired.
London County, Westminster and Parr's Bank was a title which indicated the principal Banks involved in con
comparatively recent
Cumber some nomenclatun processes.
nomenclature is a handicap, and the name has just been changed to the Westminster Bank, Ltär
In
The Nations! Provincial and Union Bank of England has about £270,000,000 of deposits, and has been especially active in ita policy of expansion by amalgamation and affiliation during the past few years. a close working arrangement with 1910 the London and Brazilian Bank was arrived at; amalgamation with the Sheffield Bank- ing Company took effect, and a fusion with Messrs. Contts and Company was arranged.
ADVANTAGES" Tho era of bank amalgamation was divided into two periods. First there was
AND DISADVANTAGER,
and Bouth China, DODWELL & CO. LTD. Tr. O, 1030, 2 BREET'S BLD.
FARM NEWS
DAIRY
COLD STORAGE
the only sure protection for Winter Clothing, Carpets, đạo dang the Server Mentha. For further parli. culara apply to the Secretary,
THE DAIRY FARM, ICE & COLD STORAGE CO., LTD.
PREPAID "WANTED ADVERTISEMENTS
the period when the more important Lon-W PETROLEUM COMPANY (S.C.), LTD., don institutions absorbed the less important
17ANTED Immediately by THE ASIATIC
[52
banks of the provinces, and then there came A LADY STENOGRAPHER
the period, just before the war and daring
"ANTED.-Ons BED-ROOM with
it, when having almost completed the process W Partisi Board for French Married they took to amalgamating with each other.
There was often an outery eren against Couple at Moderata Terms Apply with the former process. The
fra had
It was that the local banking against Particulars and Termis to-Box W.E. co personal knowledge of district and Daily Press Office.
the customers, wherona sugh knowledge тая rendered of when so frequencomparatively
over-raled by the cast-iron regulations frour London hend quarters. The reply of the bankera was that such knowledge was welcomed, and not wasted, that a great institution zerv ing several distric's could transfer money and loan facilities from one district whero the time being, they were not much wanted There was also the even to another in which they were in eager more important reply that by these smal gamations and absorptions the focal banks were greatly strengthened, and this cannot be denied; whereas in periods of stress. hanks ased to go down like nine- ping all over the country, the failure of bank of say real importance has for years been a rarity.
MONEY TRUST SCARE-LA AK Considerable as was the opposition to the absorption of the smaller country. banks by the larger London ones it was small compared with the opposition when the great banks, thus built up, began to amalgamate with each other. The op- position culminated a cry
that
Money Trust
was being forted. and about five Ten ago Bury Committee was appointed
..to inquire into the matter. out the dangers and recommende по no banking amalgamation, without authorisation of a Government Committee. Buck commitico was appointed, but it seemned to norise, for there has been great banking rise
amalganiation since.. Yet Bathing has happened except some grumbling on the part of a few traders an to restricted facilities. Banking competition among
the giants soms keenor, if anything, than it was among
the pigmiesther, the It is still a dobatable point community is better or worse undur the new sratom than under the old, but it seems ob vious that large and powerful banka are indi- spensable ander modern conditions. Not only have our bankers been forced to consol- idato in order to be in a position to face A corresponding growth of buge banking sbroad-particularly in Ger many and the United States-but the size which many of our home industrial concerns have assumed is in itself justi fication for the constitution of banks with enormona credit resources at their disposal.
151
TIENTSIN BANGKOH
HIBANGS and as, ""MAUSANG” both steamers
having excelent
through Billie and Stooger sccommodation. Caryo, taken of
for Endai Jesuelton, Labuan, Tamio
and Imand Dais LINEA regular marion is run-fram March to Novem tez. between
magrongkong and Flossin, calling at Welha/wel and Chaine. LINE:--A workly mavior is provided bet pan Hongkang and Bangkok, via. Ewalow, by five simamers Rited, with up-to-daim passenger socommodation.
CALCUTTA LINE
S.S. "KWAISANG” will be despatched on or about Monday, and April, at Noon, for SINGAPORE, PENANG
& CALCUTTA.
Through Bills of Lading issued to RANGOON, MADRAS, PORT SWETTENHAM and DUTCH EAST INDIES,
For Freight or Passage apply tom
Jardine, Matheson & Co., Ltd.
Tuckeroux: OmNTRAL N‚"915.
GLEN
Yetal.
AND
GENERAL MANAGER.
SHIRE
Jour SaricH 01:ĒTRAMEES.
U.K.—ETRAITE, CHINA & JAPAN SERVICE
OUTWARDS.
·" GLENOGLE "GLENAMOT" "OLENAPP”
Due Hongkong
9th April.
25th April
7th May.
BOMEWARDS.
Vensel Leaven H'mong Discharges. "PEMBROKE BIRR".. 9th April, Geros, London, Rotterdam & Hamburg, "GLENADE... 20th April, London, Hal Rotterden und Hamburg. "GLENARIFFE 8th May, Genos London, Rotterdam and Bsmburg.
Movements are subject to abange without notice.
For freight or further particuler please apply torm
Jardine, Matheson & Co., Ltd... The Glen Line, Ltd., AGENTS.
Telephone Central No. 81, rabies, 35 and Central 1996
The HONGKONG & WHAMPOA DOCK Co., Ltd.
TELEGRAPHIC ADDRESS: MANIFESTO," HONGKONG.
CODES USED AL, A.B.C. Fifth Edition; Engineering: First and Second Edition;
Western Union and Watkins.
Dock Owners, Ship Builders, Marine and Land Engineers, Boiler Makers,
Iron and Brass Founders, Forge Masters, Electriolans.
Steel Twin Ocean-going Tug and Salvage Steamer
Henry Keswick "
Bailt, engined and equipped complete by The Hongkong & Whampoa Lock Co., Ltd, Hongkong for their own. service, 1921. Longib 165" B.P., Breadth 34 (n) Depth 17 (m) LH.P. 2000,, Fitted with electrically driven submersible and centrifugal pumps, air compressor, wireless, searchlight and all modern appliances for Salvage Work. Please address enquiries to the Chief Manager
R. M. DYER, B.Sc, M.LNA, KOWLOON DOCK, HONGKONG,
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