1913-10-18 — Page 11

Commercial

Industrial and Municipal

Progress of China.

The following extract is from the report by El M. Commercial Attache at Peking, Mr W.P. Ker, on the foreign trade of Chin în 1012:

THE

THE HONGKONG TELEGRAPH, SATURDAY, OCTOBER 18. 1913.

Intimation,

WEEKLY TELEGRAPH.

CONTAINS

ALL THE News.

The most complete Mail Supplement in the Colony.

PHOTOGRAPH

Contains all the news of the week in a most aftractive. form and is the paper for mailing to friends at Home. The photograph this week is entitled, "Golf Links, Fauling.",

As in the case of railways, the year has been prolifio in paper: schemes for manufactories of all kinds. The Province of Hunan is as usual to the fore in company promoting, and the industrial, projects recently discussed there include paper factories, cotton spinning and aloth weaving mille, flour milling and rice bulling establishments, a cement factory, besides such farther enterprises as leather boot making, hat mak-Day by Day.....

Passenger Lista:

CONTENTS.

Banks

INTERNATIONAL BANKING

CORPORATION.

Head Condo, Will Street, New York. London Office (-36, Bishopsgate, EC.

BRANCHES

Calcutta

Cebs

Bombay

Canton

Colog

Empire

Hongkong

Нарком

Kabe Manila

Maxico

Banks

17

Selling

HONGKONG & SHANGHAI TIT

BANKING CORFORA: Demand.........................

'TION.

Paid-up Capital

REŠERVE FUNDS:

Panama

Peking

San Francisco

Shanghai Yokoćama.

Sterling

abouth410,000

Capital and Raketyo.. -------$7,960,000 (Gold) EVERY DESCRIPTION OF BANKING BUSI NESS Acad.

CURRENT ACCOUNTS opened on the usua

tarani,

DEPOSITS RECEIVED, fixed for one purjat - *2. per unum, or for shorter perioada, et rains, which may be ascertained on application.

BILLS NEGOTIATED and COLLECTED, MAIL kad TELEGRAPHIC REMITTANCES

EWETTERS OF CREDIT and PRATES, graa Vod

on will the principal cities to the World.

·£1,500,000 at 2/--

$15,000,000

Silver

17,450,000

30 dis 60 dis 815,000,00 4 m/s

*$92,450,000

THE BANKS CIRCULAR LETTERS OF CREDIT 50 Available all over the World, KDOMMERCIAL LETTERS OF CREDIT Rearve Liability of

Cact

PURCHASE and SALE of Stocks and Sharea

TRAVELLERS CHECKS sold and cubede

GEORGE HOKIO,

ikesed. Pagos. 13 Twelfth Night." .53 St. Joseph's Concert......53 Inauguration

Pagès.

...4 5

6- 7

33-41 pinos......... 42-44 Piracy Preparations.

ing, dyeing, printing, silk redling Hotel Lists..............

of the and the manufacture of sugar and

Steamere

President............................. 54. felt (see "Board of Trade Jour-

Shore Report

Doctor's 9 Woman nal" of 26th June, p. 767). The

Ex- ..10-14 periences................. 55 lack of native capital and the Commercial

15-17 International Bank......... 55. Correspondence opposition to foreign capital pre- alude in nearly every case the The Courts................28-32 "Telegraph Telegrams

....18-27 Late Chan King-Wah......55

and Fili- possibility of carrying these pro- jeata into effect; indeed, the only Lending Articles... ones which appear to have passed Special Articles

Sport. beyond preliminary stages are a

General bootmaking factory started in January, 1912, a glass factory established on a small scale for the manufacture of bottles, lamp glasses, etc., and a cotton mill at Changsha, for which a site has been secured.

"

..58

.......45-50

Philharmonic Society...

51-59

Organ Recital ........

Chinese Y.M.C.A.Hostel...58 Tientsin Bank Agent

.51

The Harbour Swim.......... A Day of Rejoicing........51 Appointments and Pro-

.52 ....52

motions....... Transport Arrives University Scholarships...52

The list of factories reported as having been actually oponed the subjection to foreign supervi- in 1012 is a small one; in aldi-sion in specified industries, but tion to the above may be men-in the failure to redeem obliga. tioned a leather factory at Chung- tions to foreign Coveramente, a failure which in present circum- king, a weaving factory and, a flour mail at Shasi, and a Franco-atencna scams inevitable apless Chinese tansory at Tientsin. The the natural resources of the country installation of machinery for tin can be successfully exploited. "smelting works at Ko-Chiu in Yunnan was completed, but operations have not yet begun.

Japanese Merchant Marine Increasing..

The "Tung Kwong"......58 Kostroma, Ashore......59 Y.M.C.A

Notices

HONGKONG JOCKEY CLUB.

NOTICE.

Managor.

9, Queen's Road, Hongkong, Hongkong, 1st Nov., 1912 ..

THE

191

YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital

30,000,000 Reserve Fund.......

18,550,000

+1

Head Office.-YOKOHAMA.

Branches Antung-Heién

Bombay

Agencies at Nagasaki Newchwang New York Qaaka

Ryolun Port

(Arthur).

Calcutta -Changchun Dairon

Pekin

Fongtien Harbin Hankow Honolulu Koba Liao-Yang London. Lyons

San Francisco

Shanghai

Tiehling

Tientsin

Tokyo

Los Angeles

Interest Allowed on Current Account. Deposits received for fixed periods at rates to be obtained on application.

EISHI ONO,

THE HALF YEARLY MEET- ING of MEMBERS will be hold on WEDNESDAY, the 29th October Next, at 12 o'clock, noon, at the Offices of the Jackey Club, on, the Ground Floor of the Hong- kong Club Annexe, Chater Road Hongkong, 30th Sept., 1913. (18

A new and powerful electric light plant was erected in 1912 in the French extra concession at Tientsin. Electric light was in- atalled at Yunnanín, and there The latest official rotaras give are electric light projects at var-the number of steam vessels in ious stages of advancement in a Japan at the end of June last 88 dozen other cities. It was decid-2,036, with a gross tonnage of ed two or three years ago to have 1,470,077, and registered tonnage a system of electric tramwaya in of 233,714. The vessels with & Peking, and foreign financial as- displacement of more than 1,000 Hongkong, sistance has been promised from tona, number 400, their gross many quarters, but the terms of tonnage aggregating 1,216,035 the concession were apparently and registered tonnages 781,804, such as to preclude the use of The number of sailing vessels of foreign capital, and no progress more than 1,000 tona capacity is returned as 6,868, with a gross has been made.

Canton has also a big tramway tonuage of 460,314, and register- scheme under consideration, not also 1,580 Japanese style sailing ed tonnage 431,980. There were to mention projects for hydraulic power, new roads and other city vessels, whose capacity is cal improvements. Very few oities culated by koku, aggregating

527,994 koku.

in. China have waterworks or drainage systems, although there are much more necessary than light; the difficulties of electric

By Order,

T. F. HOUGH, Clerk of the Course. 15th Oct., 1913. (960

NOTICE.

FOR SALE VALUABLE LEASEHOLD PROPERTY.

Manager,

THE CHARTERED BANK OF INDIA, AUSTRALIA ·AND CHINA.

Incorporated by Royal Charter 1853.

HEAD OFFICE-LONDON. Paid-up Capital' .£1,200,000 Reserve Fund... .....£1,700,000 Reserve Liability of

Proprietors .........£1,200,000 FOREIGN EXCHANGE and General Banking business trans- acted.

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS re- coived for 1 year or shorter periods at ratos which will be quoted on

BRITISH CONCESSION, Shameen. Canton. TWO LOT, Nos. 79 and 80, fronting on the Canal Road, each with a frontage of Ninety Feet on the Road, and with a depth of 140 1/2 feet, together application: with the Buildings erected there on, The Lots will be Sold either COM-separately or together.

finance seem to ba at present in Public Companies

superable. For all municipal

this nature, HONGKONG HOTEL undertakings of British and other capitalists and ].

PANY LTD. manufacturers are only too will-

A.S. HEWETT,

Acting Manager. This Hongkong; 11th April, 1912." · "[22

Notices

CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

(Capital Paid up...$1,250,000.) Loans on Mortgage of House Pro- perty, &c..

Goods received on Storage.

property will be put up for Sale at Public Auction on the Promises, ing to co-operate; but municipal NOTICE is hereby given that commencing at 11.00 a.m., on an Extraordinary General THURSDAY, the 30th of Osto- institutions are so inchoate in China that only in rare instances Meeting of the Hongkong Hotel bor. 1913, if not sold privately THE

before that date. The Under- Company, Limited will be held at can proper security be granted the promises of that Company, signed reserve the right to reject for the employment of such cap- Pedder Street, Vistoria in the all bids if no acceptable hide are ital. B.M. Coneal at Hangchow, Colony of Hongkong, on Satur

offered. Parties interested may in his annual report for 1012, has day, the twenty-fifth day of Oct., obtain particulars from called attention to the inherent | 1913, at 12 o'clock noon when the weaknesses of industrial orgau- sub-joined resolution will be pro- The China Baptist Publication ization in, China, the insufficient posed capital on which business is atarted, the wasting of reserves, and the amateurish methods of administration. These remarks are just as true of municipal en- terprises as of railwaye, mines and factories. As regards the development of the resources of the country the Chinese argument in that

86

foreign capital cannot be obtained except under conditions of foreign

"That the following new Arti-| ale be inserted in the Company's Articles of Association after Arti- cle 10 thereof;--

10. "The Company shall pay dividend, in respect of

14

any existing or new

+

带着

Society,

Tung Shan, Canton, China.

NOTICE.

shares of the Company, THE INSTITUTION OF EN-

in proportion to the GINEERS & SHIPBUILDERS

amount paid up on each

share where a larger.

amount is paid up on

some shares than on others,"

OF HONGKONG,

SCIENTIFIC SESSION,

supervision and control, which should the above Resolution beA Paper will be read at the Ins-]

titute on TUESDAY," the leads to loss of independence, none passed by the required majority 21st inst., at 9.00 pm. by J, S, but Chiness capital can be, em- it will be submitted for confirma GANDER Esq. (member) on ployed. But the result of the tion as a Special Resolution to a "Oil Fuel for Marine Boilers." nos of Chinese capital with Chi- second Extraordinary Meeting ness methods as akave described which will be subsequently con-

is that Chinese capital is no lon-vened.

By order of the Board of

Directors.

ger forthcoming, and the argu. Dated this 14th day of Octobor, ment becomes what the old log. 1913. icians called a "vicious circle." The fallacy lies in the failure to differentiate between the neoois- ary degrees of supervision and control. In the case of railway construction, and in certain other

J. H. TAGGART,

Aoting Secretary

NOTICE.

exceptional enterprices, a solution NOTICE is hereby given that a meeting of the share- has already been found,, and it

nay be expected that experience holders of the HEADWATERS will teach young China that in MINING COMPANY (Inc.) will be held at the Hongkong Hotel all industrial undertakings a

certain modified degree of foreign on Wednesday, October 22nd, at 4 p.m., to consider the POSITION control is for the present necess of the Company and its FUTURE. ary. After all, the danger of the

By order. 1984 of independence lies not in Hongkong, 8th October, 1913.

avances made on Merchandise: Loans made on the Provident

System.

(Rates and Particulars on ap

plication).

The Office of

TRUSTEE, EXECUTOR

Proprietors.....$15,000,000 |

COURT OF DIRECTORS.

T/T Shanghal T/T Singapore.

Exchange

| T/T, Marke

8/T/T. Frange

16 On Haiphong

233

-1/8 On Saigon 1⁄4 % pm......

...........................2-1/4 On Bangkok

Private 30 d/s aight S'hai

T/T Irdia

T/T Calcutta

3-13/8 ..........7216 | 4 m/s. L/C

Buying,

*...*........ 2/-5/8 ........85 1/2 †4 m/s. D]P- ***...***...*2/4 3/4 73346 m/s. L/C.2/13/16. .974 30 d/s.S'ney & Melbourne 2-78 1481 30 d/s, San Fco & New York. 496

,148) | 4 m/s. Marke

..149] 4 m/s, France · ......1481 6 m/s. do

T/T Jap.

T/T Bombay

210

•

Demand Bombay

260%

Demand Calcutta

284

Demand India

3/16

Demand Manila

.52,60

T/T. San F'cu & New York 481 T/T. Java..............

121. 1/8

Bank of England rate Sovereign....

.$9.95

Opium Quotation.

149 BarSilver, ready .....149

forward

98 1/4 Gold Leaf per tael

Subsidiary Coins. Discount per $100 Chinese...20 ots. pieces $8 1/16%

S. H. Dodwell, Esq., Chairman. Ohinese...10 Hon. Mr. D. Landale-Daputy Hongkong.20

Chairman,

G. Friesland, Esq. E. Goetz, Esq. 0.8. Gubbay, Esq. P.II. Holyoak, Esq. G. K. Laurenz, Esq. W. L. Pattanden, Esq, J. A. Plummer, Esq. Hon. Mr. E. Shellim, H, A. Slebs, Esq. CHIEF MANAGER: Hongkong-N. J. Stabb.

MANAGER. Shanghai-A. G. Stephen. London Bankers-London County and Westminster Limited.

Hongkong-Interest Allowed.

On Current Account at the rate of 2 per cent per Annum on the daily balance.

ON. FIXED DEPOSITS.

For 3 months. 2 per cent por

Annum.

For 6 months, 3 per cent per

Annum.

Annum.

Hongkong.10

88 3/8

86 4 3BA

Aug. 15. Malwa, Now.........$3,350 per pic Malwa, Old'

8,500 Patna, New..... 4,805 porche.. Patna, Old..

4,250

Benares, New 4,900 Benares, Old..

SHARE REPORT.

S-SELLERS

Stocks & Paid de Valor.

BANKS:

Hongkong & S'hai #125 ·

U-DUYERS

4,000

ATT DIVIDEND AND DETE.

**

£2 at ex 1/115% equal to] $20.31 for 12 year onding 30/6/13.

$18 for 1912

SA-SALE

CLOSING Q 1981

$790 9.

£79

MARINE INSURANCE), Cantons

$50 1945

Norta'China

£5

T137 b.

Unions

$100

6790 b.

Yangtzes

250

$195

FIRE INSUKANCES)

China Fires Hongkong Fires

$20 $153 ს.

$10 for 1911.

$50 $375 b,

$27 for 1911

$25 $8. B.

SHIPPING China & Manilas Douglas Steamship 550 $33) 8. Steamboata Indo-Chinas

$15 $281 b.

1:

}

(Preferred) £5 $88 (Deferred)

For 12 months, 4 per cent per "Shell" Transports £1

N. J. STABB, Chief Manager

100-

£11

#

"Star Ferry

810 #5734 b.

REFINERIES.

$100 + $95

$100 $35

MINING..

HONGKONG SAVINGS BANK THE Business of the above

Bank is conducted by the China Sugars HONGKONG AND SHANGHAI Luzon Sugars BANKING CORPORATION.

Rules may be obtained on ap- Chinese Engineeringe £132/6 plication.

Final of 10 p.c, making

20 p.c.

for 1911 Final of $20 making $50 for 1911 and Interim of $30 for 1912

Final of $12 mak. $15 for

1911 & Int, of$3 for 1912)

$1 for 1906

$2.50 for year end’g30'6'13' Interim of $1 for half) year ending 30°6′13

(6 p.o. for year 1912 on

preferred 'abares

(Final of 4-making 6/ for year ending 31*12*12

Int, of 1 a/c. 1913

$2 on 10,000 shares lat issue $2 on 10,000 2nd $1 on 10,000

3rd

"

for year ending 30'4'13

$3 for 1912

.$3 for 1897

Interim of 81 p.c. 8 2/5d-per

share. Coupon No. 1 ad

qount year 30.6.12

Int. of 2/6 a.

Im

INTEREST on deposits is al-Tronohs lowed on the minimum monthly Raubs

£1 634 balances at 33 Par Cent. per an- DOCKS, WHARVES, & G'DOWNS

Kowloon Wharfs $50 $89 Depositors may transfer at their E.K.&W'pos Docks $50 { $80 b, option balances of $100 or more

£1 45-

b.

-1/2 for 1909

to the Hongkong and Shanghai Shanghai Docks T. 100 50 b. Bank to be placed on FIXED Hongkew Wharfe T. 100 T.109 DEPOSIT 4 Per Cent. per;

LANDS, HOTELS. & BUILDINGE,

annum.

JJ

}EUTSCH ASIATISCHE

BANK.

1.

hat. Banking Corporation,

For the Hongkong and Shang. Anglo French Lands T.100 T.94 $125 Hongkong Hotels $50 N.J. STABB, Chief Manager.

$90 $. Hongkong Lands $100 $110

Humphreys Estates $10894 Bi Kowloon Lands . $30 $45 b.

T. 01 Shanghai Lands T. 30

West Points · $50 972 B.

Manila M'pole Hotel P.10 F. 8

Ewos

T. 50 T..146

Capital Fully

Paid-up...Sh. Taels 7,500,00

· Head Office.-Shanghai. Board of Directors-Berlin. Branches: Berlin Calcutta Canton: Hamburg Hankow Kobe

Singapore Tientaln Peking Tainanfu Tsingtau Yokohama, Shanghai Cottons

LONDON BANKERS:

COTTON MILLS.

Mears, N. M. Rothschil, & Sons. Laou Kung Mow The Union of London and Smith's Kung Yik

Bank, Limited.

Deutsche Bank (Berlin), London Hongkong Cottons $10

Agency:

Bohaft,

Dresdner Bank.

1913

$4.50 for year 1912

$1 final dividend

year 1911

Tis. for 1912.

for

Interim of Tis 3 for 1913

Tla. 6 29'2'10

$3 on old shares, $1.50)

on now shares for half year 31*12*12

$314 for 14 year ending 30.6.13

50 cents for 1912 $2.80 for 1912.

Interim of 5 p.c.for

year ending, 30'6'13 half #2 for 4 year endin) 30.6.13

15 per cent. for 1910

7 pio. for year

31-10-12-

Tls. 10 for year end-

nding

T, 122.

end

ing 30*6*13

1105

b.

144

b.

B.

MISCELLANEOUS.

50 cents 31.7.08 DIE

China-Borneos $12 $91

85 corts for 1912

14

$10 $9

86

$27

$10

$7 6.

$25 ($150 a.

Direction der Disconto Gesell-Light and Powers $101

Do. (Spec. shares) $1 China Providents INTEREST allowed on Current Dairy Farms

Account.

OF

WILLS, ATTORNEY, &c., Undertaken and Executed.

SHEWAN, TOMES & Co. General Managers. Hongkong, 19th March, 1908

92

PEAK TRAMWAY CO.,

LIMITED.

TIME TABLE.

WEEK DAYS.

8,00A.M., Event 15 Mini

Chairman J. McCUBBIN Es... President.

7.00

to

1.00 AM. LO

10.03 A.M.

10.00 .M. to

11.00 AM.

MARTIN'S

APIOL & STEEL

Ladies

PILLS

A Franch Hamedy for all Erregularities. Thousands of Ladies always keep a box, of Martin's' Pile in the house, so that cu ibu fiest ulga of any. Irregularly off the System odmely dose may be ad- minitiated. Those who use them ri- command bam, hence their enormous dr. All Chamĥta și d stores sell them througgous the world, or part free_siv HARTIN, Chemist, Southamptos, Eug.

MARTIN'S

APIOL & STEEL

for Raden PILLS

11.30 A.M. in 20.45 1.301

15:45 2.4. ta

DEPOSITS received] Green Islands

on terms which may be learned Hongkong Electrios $10 $1316 on application. Every description Hongkong Icee

of Banking and Exchange busi

ness transacted.

Hongkong Ropes $10,0

R. TIMMERSCHEIDT, Langkats

Manager. Hongkong, 9th Oct., 1911. [2

THE MERCANTILE BANK OF

INDIA, LIMITED. Authorised Capital. Subsoribed

12

Reserved Fund

£1,500,00 1,125,00

562,50% 415,00

Pali Up 35 MIN.

11

29 Max.

[ro Min....

Zag .. to

アル

抻

15.MIK,

2.15 T.M:

H

10 MIN.

5 to

5.00 PM

I 25 MIN.

to

509

3.10 7.M. H

NIGHT CARS,

to Mr.

Igoromandermatogo\em, to

11.09vry half hour.

21.00 2.01to11.49 1,M. every,quarter pľaṁbour.

SUNDAYS.

1.00 AM. TO 16.30 AN. EVERY 15 MIN.

10:30 a.. to 11.00 AM,

•

TOMIM.

11.45 AM. 10 109 Noom

H

as Mix,"

11:00 Noon 15. 1:00 PM,

"

10 MIN,

1,00 PM to 5.00 PM

*

za bike.

21 MIN.

19 Mine

£00 PM to 6od à M.

5:00 7.1, to 3,107.00,

·NIGHT CARS as'm Week Days)

SATURDAYS,

· Extra""Cars Tat" ra” midnight. SPECIAL CARS.

By Amangement at the Company's OMON,

"Aläänded : Buildings, Du Yore Food

BANKERS:

Bank of England. London Joint Stock Bank, Limited.

Morning Post Peak Tramway

g. 10 T35 b.

$25 $22% $10 $104.

Do. (new) $1 90 cts. Hongkong Electric Trams 9. 8.

$10 $5 Philippines H. Price & Co., Ed. $10 $6

Pro- Soolote den ferred

$50 Pulpeset Papierteries paid du Tonkin up $50

|$20

Benefit $200

Shanghai-Sumatras T. 20 T.150 Steam Laundry $5 $4. United Asbestos]

Interest allowed on Current Ao- counts at 2 per cent per annum on Daily Balance and on Fixed United Asbestos? Deposits at rates which may be Founders Shares ascertained on application.

Union Waterboat

Weismann, Ltd.

Oriental Agency, $10.91 b.

AR-LINTON

$10 $300

$10 $17,1/2 b.

$10 $30 $10 $8

Corrected to 14-30 p.m. Oct.

THE ALEXANDRA CAFE Watson Cannot be Beaten, if Equalled, William Powell

For Bread, Cakes, Confectionery. meals with Wines & Liquors,

70 cents for 1912

$1.30 for year end' 31'713 40 cents for 1911 $1.60 per share for 1912

$2 interim for 1913

$1 interim for 1913

Intorim of Tls. 1 mak- ling Tls. 2 a/c 1913 None

80 cents on fully paid)

shares and 8"cents on $1 paid shares for year ending 30.4.13

Final of 35 p.c. making

p.o. for 1912, None

8

$1.50 for 1910

None

巋。

No dividend this year

ק -

50 cts. for year end'g 31.5.12. (20 per cent. per ordinary share for year ended 31'5'1912

$1 per share for year)

· } ending 31*12*1912"

25 per cent. for year)

ending 317:11.

*60 cents for 1913/

40 ots, yearending 30'8-13 WRIGHT AND HORNBY, sharevst

General tiskari 5 De Veinx Bond Cartel Zal, Address Resilitude..