1914-06-26 — Page 11

Commercial.

Proposed Combine of Japanese Companies.

THE HONGKONG TELEGRAPH, FRIDAY, JUNE 26, 1914.

6848,883 or 51.5 per cent, of the spaces, or rather spaces occupied premiums. The fire reserve fund only by vapour. This reduces and unearned premium reserve the efficiency of the screw, and, now smount to 21,830,018. In fincidentally, sets up a corrosive the life department 1,197 Policies sotion on the metal. The lower were issued for new assurances, the carow the less risk of cavita- If the report of the Tokyo Asah amounting in the aggregate, tion. Altogether, there is every be correct, a plan is on foot, says after deductions of reassuraures, inducement to put ships' screws the China Press, among certain to £440,040. The funds of this lower, if it could be managed, business men for combining the department at the end of the year but it cannot be done without Pacifo shipping services now run amounted to £5,374.169 an in- danger of fouling. by three Japanese companies, crease for the year of £114,500. namely the Nippon Yuson, The total fands of the company, Toya Kisen

Bad Osaka as ou December 31 last, smounted Kisen. The plan,' accord- to £8,100,190. The agents in ing to our contemporary, is to Shanghai ore Metars. W. Hewett establish one great company con- and Co., and Messrs. Fearon trolling all the Japanese services Daniel and Co. in the Pacific, as the various shipping services in the China Sea were united years ago to forma the present Nisshin (Japan-Chica)

Kison Kaisha.

When the Navigation Subaidy Bill was brought up in the last session of the Diet, the Doshi Kai, drew up a plan foi amalgamation

Shanghai Cotton.

BANKS

INTERUATIONAL BANKING

CORPORATION.

Head Office, Wall Street, New York London Olesz-kjö, Blahopagate, E.C.

BRANCHES :----

་

J

ilambay Calcutta

Canton

Caba Colon

Empire

longkang Haskow

NESS acted

Kobe Marita

Mexico

Paspas

Peking

Sa Trackco

Shoogbal

Yokohama

'Bold $7,100,000

par ataum, or for shorter pesos, at staż, which

||

EVERY DESCRIPTION OF BANKING BUSI CURRENT ACCOUNTS opened on the waon DEPOSITS RECEIVED, fixed for one year, st may be certainad on app?camilan.

HILLS NEGOTIATED and COLLECTED, MAIL and TELEGRAPHIC REMITTANCES made

LETTERS OF CREDIT and DRAFTS granted on all the principal cities in the World. CREDIT are avaliable all over the World

THE BANK'S CIRCULAR LETTERS OF COMMERCIAL LETTERS OF CREDIT

The explanation of a wash big Capland Surplus... encugh to sink lighters is pro hably that, in the first place, the lighters were loaded almost to the water's edge, and in the second place that while the Vaterland's screws were moving rapidly she was not moving at all. The wash of a freely moving aleamar really Chica Cotton. Since my laat follows the steamer at a compara report was issued, says. Mr. A. B.tively slow pace. The wash from Rosenfeld, the cotton market has markets, which is in some measure

a stationary steamer's propeller witnessed a succession of firmowe away from the steamer's due to the scarcity of cotton and stern at a rapid pace. In this the attitude of the farmers, who instance the wash would be ovon are reluctant in parting with their

the

*ected.

PURCHASE SALE of Stocks an. Shacer GRAVELLERS CHECKS sold and cashed,

GEORGE HONG,

Manager. Queen's Road, Hongkong

mare forcible, for no doubt the Hongkong, 1st Nov. 1912

Vaterland was for a few moments

actually moving in в веде

THE

LIMITED.

Established 1880. Authorised Capita! Yon 48,000,000 |

*

Reserve Fund. 30,000,000

11

18,900,000

Head Office.-YOKOHAMA.

Branches.

Amung-Hsian

Agencies ni Maganaki

Newchwang New York Orake

of all the American services run holdings. Baying has, again heen by the Japanese shipping com- on a free scale, and good lots have panies. At the same time, a

opposite to her propellers.. Like similar ides occurred to Baron been quickly absorbed by the other ships she will find her YOKOHAMA SPECIE BANK Shibusawa, mainly out of hie local mills, whilo quite a fair deeire to save the Toyo Kison During the week under review may perhaps never again have business is reported in exporte, self" and so will her creiv, and Kaisha, which, was believed,

trouble in harbour except in would be in a portion of some has all that could be desired,beavy wind. That is the real Paid-up Capital

progress of the growing crop difficulty if the Navigation Sub- While there have been heavy bugbear of the big towering ship Bitty Bill then before the Diet were rains in various districts at dif-

in a restricted water area, Man- I made law. The Baron drew Pferent periods, the same were well chester Guardian. his own plan and presented it to Mr distributed and are now being Matoda, then Minister of Com- followed by dry weathor, which is municatione, sequently believed to have been highly satisfactory, so far as the more or less influenced by the growth of the new crop is con

A Much-Tattooed Sallor. Baron. The occurrence of the cerned. As regards price changes

A sailor. named Legg, charged the market has no decided opinion at the Guildhall last month, was maval sandal caso which later overshadowed all other questions one way or the other. While it is before the Diet obliterated all generally admitted that we shall said to be tattooed all over the body. On his bald head he had ohnacce of the plan keing realized.se higher prices as we get nearer the face of the Saviour, round his The authorities of the Toyo Kisen to the end of the season, price neck a snake, on his back the Laland on application. could not sit back with folded for the present will be entirely Lord's prayer, and on his chest a arms and wait, for they knew governed by the law of supply pictureofChrist and His disciples. Hongkong, 6th April, 1913. that in the new subsidy bill, and demand, and buyers would He informed the police that the (which is expected to be intro be well advised to buy any series of operatione had cost bim duced into the Dist in the next Exitable lots that are offered to

who

WOR sub-

them at favourable terms.

session), the present state bounty of the market, steady. to their company would be reduced. They knew that no, enddon improvements in naviga tion facilities would be expected for two or three years to come.) However, they did all in their power to frame a plan by which to save their own company.

Sabeequently, Baron Shibu- sawa visited Baron Kondo, pre- sident of the Nippon Yuson and asked the latter's opinion on the plan.

Tore

THE VATERLAND. Size and Difficulties.

By an Engineering Expert..

[£85.

Bosbay

Cricutta

Changchun

Dalrea

Fangelen

Hello

Lanka

(ทปฟ

Koke

a-Yang

Load.a

Lyons

Tilogtau:

J'ekin

Ryolun (on Arthur)

San Franci

Shanghal

Ziebling" Tantsin

Tokyo

Los Angels Tsingtai

'Interest Allowed on Current Account Deposits received for £xed pelos as rates to be

EISHIONO, Manager.

[18

THE CHARTERED BANK OF: INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 1853.

acted.

Wm. DICKSON.

BANKS

T/T

HONGKONG & SHANGHAI Demand

BANKING CORPORA 30 d/s

TION.

Selling

1/10 11/16 T/T. Francis...

EXCHANGE.

¡T/T. Marka

10932

1/1096

Demand Germany

104

8.37

60 dis........................................

1/10 3/4 ..1/10 3/4

On Haiphong

On Saigon

8194.

Private 30 d/s sigbt S'hai 7516

T/T Singapore ..

T/T Japan

14 min. L/C 814 m/e. D/P 92146 m/s. L/C

T/T India

4 m/8.1/10 18/16 On Bangkok Ai

Paid-up Capital ......$15,000,000 |T/T Shanghai RESERVE FUNDS:

Sterung

I.

£1,500,000 at 21.

$15,000,000

Silver $17,650,000

Reserve Liability of

Proprietors....

T/TBombay

Demand Bombay

T/T Caloutth

$32,650,000 Demand Caloutts

Demand India

$15,000,000 Demand Manila

T/T. San F'ou & New Demand, Now York'

COURT OF DIRECTORS. Hon. Mr. D. Landale.-Chairman,T/T: Java W. J. Pattenden, Esq. Deputy

Chairman.

8. H. Dodwell, Esq.

Buying 21/11

1/11 1/8 11/11 9/16 ..14134 | 30d/s.Sney & Molbourne1/11 1/4

14114 30 d/s.San F'co & Now York 4676 141364 m/s. Marks 198 14044 m/s. Fanos ...******

„141166 m/s. do

2.448

114 BarSilver, ready

25 15/16

192

forward

.20

York 46

Gold Leaf per taël '........

.55.20

461/8

Bank of Englandrato Ad

11434

Sovereign

(10.50

G. T, M. Edkins, Esq.

Subsidiary Coins. Discount per $100: Chinese...20 ots,pieces $11 3/8

Opium Quotations.

May 14:

Malwa, New

88,200 per p

% Malwa, Ola

8,300

Chinese....10

$12

Patna, New

9,325 per che

P. H. Holyoak, Esq.

C. Landgraf, Esq.

Hongkong.20

Hongkong.10

€ 93/8 610

Patna, Old

Bevaras, Old...

SASACÉS

E---DUYERS

CLOSING

'TION.

C, S. Gubbay, Esq.

F. Lieb, Esq.

J. A. Plummer, Esq.

Hon, Mr. E. Shellim.

H. A. Siebe, Esq. Ad. Widmann, Eng.

CHIEF MANAGER: Hongkong-N. J. Stabb

ACTING MANAGER. Shanghai-J. D. 8mart. 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. per

annum.

For 6 months. 3 per cent. pe.

annuw.

For 12 months, 4 per cent. per

annum.

A. G, STEPHEN, Aating Chief Manager.

HONGKONG SAVINGS BANK

THE

Benares, Now

·9,200 ·

9,050

8,925

N-NOMINAL:

TO-DAY'S SHARE REPORT.

S-SELLERS

STOCK, & PAID OF VALUE: BANKS.

LAST DIVIDEND AND PATEI

$820 sa, & b. £2&5/-b.atex 1/11 3/16)

Hongkong & S'hai $125 {

284

MARINE INSURANCES,

$50

Cantons North China

Unions

Yangtzes

Hongkong: Fires

(310 £5 T140.

-$100 $780 sq.

£508194

$20 $153 $50 6387) b.

equal to $23.29 for 14 year ending 31/12/13";

Final of $3 ao 1912, In

terim of $18 afo 1913 f Final of 1 pe, making

20 p.c. for 1912 Final of $20 making $50 for 1912 and Interim: of $30 for.1913) Final of $12mak, 815 for

1912 & Introf$8 for 19131 $10 for 1912

$2,50 for year end'g 30°6′13 Final of $1 for half

year ending 31°12′13′′] 13% Interim ac year

1913

on preferred shares

Interim of 1 making 2/- for 1913 Coupen No. 21.

$1.70 per sbare and bonus,

of 30 cents per share for

year ending 30°4′13

FIRE INSURANCESI China Fires

SKIPPING. China & Manilas $25 $8 Douglas Steamship $50 $30 Steamboats Indo-Chinas

$27-for 19:43

S.

$1 for 1906

b.

$15 $26

b.

(Preferred) (Deferred)

Shell" Transports £1

£5 $84

103/0 b.

£11 b.

810 $46

6.

$79

$3 for 1912

$100 $28

5.

$3 for 1897

b.

£1

(29)-

Int. of 1/6 mak.8/6s/o.1913.

£1 $3 9.

1/2 for 1909

b.

$3.50 for year 1913

$3 for 1913.

Tis. 3 for 1912

HE Business of the above "Star Ferry

Bank is conducted by the HONGKONG AND SHANGHAI BANKING. CORPORATION

REFINERIES. Rules may be obtained on ap Luzon Sugars

China Sugars. $100

num.

MININO.

The Tahchuen. The trial was undergone on June 13 of the twin-screw shallow draft steamer Tahchuen, which has been built by the Nicolas Tau Engineering Worke to the order

HEAD OFFICE-LONDON. of the Szechen Railway Com- Paid-up Capital £1,200,000 plication. pany for navigating the rapids of Reserve Fund...........€1,800,000 INTEREST on deposits is al- the Yangtze Gorges. Her dimen Reserve Liability of

lowed on the minimum monthly Chinese Engineerings £138/- sione are:-Length over all, 181ft.; breadth moulded 22ft;

Proprietors.....£1,200,000 | balances at $3į per cent. per an-

Tronahs depth moulded 8ft.; draft with

FOREIGN EXCHANGE and Depositors may transfer at their Raubs. The untoward incidents which 100 tous load 4ft, speed, 13) General Banking business trans- option balances of $100 or more DOCKS, WHARVES, & CODOWNS attended the first sailing of the zote. She is propelled by two

to the Hongkong and Shanghai Kowloon Wharfe $50 $83 Barou Shibusawa succeeded in giant German liner, the Vaterland, sots of light type triple expansioned and FIXED DEPOSITS ro- DEPOSIT 4

CURRENT ACCOUNTS open- Bank to be placed on FIXED H.K.&W'poa Docks $50 $62 b persuading the president of the from New York need not be taken surface condensing engines of coived for 1 year or shorter periods annum.

per cent, per Nippon Yusen to approve the as indicating that the ship exceeds 900.I.-H.P., with screws working at rates which will be quoted on

Shanghai Docks T. 100 T. 57 plan in principle, though the two the safe limit of size. Nearly in tunnels. Bilge-feed and air applications

For the Hongkong and Shang Hongkow Wharis T. 100 T. 90 b hai Banking Corporation,.

LANDS, HOTELS. &. BUILDINGS Barons have not yet discussed every

Anglo French Lands T.100 T.94 biggest" boat has given pumps are attached to the main

A. G. STEPHEN, the matter in concrete form. It some trouble of this kind at first, engines, while the circulating

Manager.

Acting Chief Manager,

H'kong Contral E'tes $100 $100 b. was agreed however, that the The wonder is that big vessels do pump is dependent and is of the Hongkong, 11th April, 1912. [ 2 authorities concerned should be not best their masters more often sentrifugel type. Steam is gener

Hongkong Hotels 850 $125 b. DEUTSOH ASIATISCHE first consulted.

Hongkong Lands $100. $113 b. Capital Fully

Humphreys Estates $10 $74 Kowloon Lands $30 $44 Shanghai Lands T. 30

T. 92

West Points

850 1973 b. Manila M'pole Hotel P.10 P. 8 Tsinanfu Tsingtau Yokohama. Ewos COTTON MILLY....” Mesars. N. M. Rothschil, & Sons, Shanghai Cottons

LONDON BANKERS:

T. 50 T. 126.

The Union of London and Smith's Deutsche Bank (Berlin), London Kung Yik

Bank, Limited.

Laou Kung Mow

Made Public Shortly.

Mr. Nakano, president of

the Tokyo Chamber of Com merce, visited

Tessele,

ane

NOTICES,

plication).

The Office of

OF WILLS ATTORNEY, &c, Undertaken and Executed:

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

BANK:

וי,

Paid-up. Sh. Taela 7,500,000 Head Office.-Shanghai. Board of Directors-Berlin, Branches: Berlin Calcutta Canton Hamburg Hankow Kobe

Singapore Tientsin,

MISCELLANEOUS.

Agency. Direction der Disconto Gesell Hongkong Cottons $10

schaft.

China-Borncos Dreadner Bank

$12 INTEREST allowed on Current Light and Powers $101

Do. (Spec.sharos) $1 DEPOSITS received

A few ropes that look no more ated by two light type quick than threads when seen from one steaming watertube boilers, with ship'e length away, a tiny steam a working pressure of 2201b. per windlass, and a few specks of square inch. The vessel bas THE CHINA PROVIDENT Mr. Taketo men; all these nead to be handled accommodation for ten first-class, LOAN AND MORTGAGE mi, who succeeded Mr. and directed with a skill that is forty second-class, and

CO., LTD. " Motoda as Minister of Com- great, though not apparent to the hundred third-class passengers. (Capital Paid up...$1,250,000.) munications and Mr. Taketomi, uninitiated, if they are to control The Nicolas Teu Company in Loans on Mortgage of House Pro-Peking boing a member of the Doshi such an unrealisable weight as building for the same company perty, &co. Kai, of course approved the plan, an Olympic or a Vaterland. It is another shallow draft boat, named Goods received on Storage. causing his subordinates to make because the weight is no realis the Leechuen, sister ship of the Advances made on Merchandise: inquiries into the matter im-able that these accidenta happen Tahchuen. She was launched on Loans made on the Provident mediately. According to the with most of the new "biggest" June 11, and will be completed System. Asahi, investigations by the boats. After their requirements by the middle of July. Another (Rates and Particulars on ap- authorities concerned have been have been gauged they are usually shallow draft boat 1201t, long, finished and their results will be as well handled as much smaller which the company is building TRUSTEE, EXECUTOR made public shortly.

for another Chinese company of The now company or syndicate Nevertheless the effects of the Szcohaer, will also be finished to be formed through the Vaterland's movements in the next month. amalgamation of the three com- Hudson River are a little startling. panies is expected to have a It is remarkable that the wash capital of 20,000,000 yen, namely from her screws should be 4,000,000 yen (value of six sufficient to sink a couple of coal steamers now running on the lighters, for the screws American Line) of the Nippon many fest below water-level. Yusen, 6,500,000 yen (value of Steamers' sorowe are always put six steamers) of the Osaka Shosen as low as possible. In cargo and 8,500,000 yen (value of three vessels this is & necessity, ships) of the Toyo Kisen. They because when the vasul is devoid hope to secure an additional of cargo the screw would other THE Hongkong and China Gas Company Ld. begs toinform 5,000,000 yen through State wiso be right out of the water. In the public that on and from the bounty, for the service,

vessels whose draught varies com- 1st. July next the price of Gas for The Aschi says that negotia-paratively little, like passager all purposes--lighting hesting tions upon this plan have already liners, there is still a good reason cooking or power-WILL BE greatly progressal but that for keeping the screws low. The REDUCED to $2.00 per 1,000 many obstacles must yet be greater the depth, and consequent cubic feet.

вто

NOTICES

NOTICE

REDUCTION IN PRICE OF GAS.

י

overcome before the plan may be ly the pressure of water over All discounts will be withdrawn realized. For instance, it is them, the more effective do they from same date. doubtfulbif the Soiyakai will become. This is so marked that approve the plan initiated by the the lower blade of a tramp'a

···By order of the Directors,

· GEORGE CURRY,

Local Secretary,

MAN LOONG.

PEAK TRAMWAY 00.

LIMITED

TIME TABLE.

WEEK DAYS.

2.00 AM LO 3.00 AM to 10.00 AM. F0,00 LEI TO 11.00 AM.

14.30 AM, ta 12.45 PM

6.00 A.M. EVERY I'M

TO MIN.

15 M

15 m.

"

10 MIX

TAKE IN US

·1:45 2.30;

19 M2M,

F3 Fike ta 9.45 1.4, to 5.00 7.Mi Lo

KAS PRI

SDA ra

45

25 M

BRO 7.M

10 Min

NIGHT CARS.

8.56 Fast and grati, size ra, 10

11,00 VIMI every half houre

__1400 1.3 to 1IAS PUN

་་

Brosy quarter of sö lövs.”

SUNDAY!

71

to 10-30 AIM, EVERY 15 MIN. SONO AM LO 13,00 AM,

#2 AM 10 12.00 NOON

**

to Mimi

11.00 No to 100 pma

12

to M

1.00 TM to

5.00 7.3. to

ITO MIK

4,00 1.3, to

By MEN

41

7100 7, 10

$:00 PM

6.00-2,36

7.00 FM.

4.10 ..

כן

- 10 M18, NIGHT CARS D Wack DATE

- SATURDAYS

Kalte Cart ta midatsku.

SPECIAL CARS

By Arridgemant at the Company'ï D8cm.

Alemandés » Buüßdings,

Des Voeux lead.

SINGON & CO.

8

Doshi Kai, and it will be difficult screw outweighs the upper blade Hongkong, 21st May, 1914, for the promoters of the plan to so much that with the radder ascertain how much they will quite neutral the vessel does not Toocive us a state bounty under steer a quite straight course... the new subsidy programme. Yet Turbine-Driven Screws. the Asahi believes that the With turbine-driven: BCTOW smalgamation of the prosent these considerations also apply. American services is only a but in a different way. One of question of time, t

the difficulties first experienced Northern Assurance Co., Ltd. with turbine-driven screws was

A Established A. D. 1890. The Report of this Company for the effect known as "cavitation." WE are the fonding Manufacturers in BON STEEL METAL, and HARD. 1913 tes that the premiums The screw revolves so quickly cares are all fresh and of the first plok and Retail Ironmongers, Pig Iron and WARE MERCHANTS, Wholesale received in the fire department that the water cannot feed our Symp is prepared from the beat Foundry Coke Importers General Borst loses incurred amounted to but breake up, making vacant stanico to our base and sanitary of Central karson) Telephone No. dive

37, Line Loong, Harsely (Ind Street,” wed

FIRST-CLASS PRESERVES, GINGER AND SOY, MANUFACTURERS. Factory at Youmaelma OFFICE; No. 30, Des Voeux Road, W. Telephone No. 177 & 18,

this clams of Goods. Our Fruit &

Account.

Interim of 5% Coupon No.

3 account of year end. ing 10.6.4. aast

Interim of Tis 3 for 1918

Tls. 6 29*2*10

1..

$7 on old shares, #3.50) new shares for)

OD

year 31*12*13

יי

$3% for 4 year ending

31.12.13

50 cents for 1913

$2.80 for 1913.

Interim of 5 p.o. for

year ending 30'6'13 $2,25 [ for year ending) 91.12.13

15 per cent. for 1910

ending

Tis. 15 for year an 131°10'13

Tle. 10 for year end-

ing 30'6-13

T.12 for yearend'g31'13'12 Tls. 1 for year ending

30*11*13

T. 108 b.

T. 81

T. 12 67 b.

$118.

$120 for 1913

$434 b.

on terms which may be learned China Providents $10 $83 on application. Every description Dairy Farms $6 $39 of Banking and Exchange busi- Green Islands $1036 ness transacted.

Hongkong Electrice $1040 Hongkong Ices $25 ($200 Hongkong Ropes $10 $25 b. Langkata

MAX GUTSCHKE

Manager.

Hongkong, 9th Oct., 1911.

THE MERCANTILE BANK OF

INDIA, LIMITED."

Authorised Capital

Subscribed

Prid Up

Reserve Fund

London Joint Stock Bank,

"Limited,"

Morning Post - Peak Tramway

g. 10 T. 44)

$25 $28 810 $9.40 b,

Do. (new) $1

190 ot. Hongkong Electric Trams 9/-

$6

£1,500,000

1,125,000 Philippines

$10 35 562,500 H. Price & Co., Ld. $10 405.000

Pro Bocioto desferred

Pulpėset $50 $20 Papiertories pald in Tonkin

Benefit) $200 Shanghai-Sumatras T. 20T-1505

BANKERS:

Bank of England.

up $50

Interest allowed on Current Ac-Steam Laundry ⠀⠀⠀ 5-[35, counts at 3 per cent per annum United Asbestos

on Daily Balance and on Fired Oriental Agonoy, $10 Deposits at rates which may be Lid. ...... ascertained on application.

A. R. LINTON

Manager.

18975 b.

United Asbestos?

$10 $300 Founders Sharon Union Waterboat $10 $19.

Weismann, Ltd

$10 830 Cannot be Beaten, If Equalled William Powell

THE ALEXANDRA CAFE Watson

$10 $7.30

meals with Wines & Lionen Geral bidori & Des Voir Road Central Tel, address

„chw 95Talegraph, dom ner bold itself responsible for

amounted to $1.280.037 Tão into it as a solid stream: quality of Sugar. We give your specini - keepers and Bhipehandlers, Nam, 24 For Bread, Cakes, Confectionery. V Carrotted: té lang mamma. 36 1914-

arrangements.

50 cents 81.7.08:

70 cents for 1913

$1.50 for year end'g'31 7-13

40 cents for 1911

$1.80 per share for 19131 #7 final making 89 for 1913 $2 for 1913

Interim of Tla, 1 mak Ling Tia, 2 a/c 1913 None.

80 senio on fully paid) abares and 8 cents on $1 paid shares for year ending 30.4.14 #14 Final of 6d, making 7hd. per sbare for 1913, None" 81.50 for 1910

None

No dividend this year

50 ots, for year end'g 31.5.12

(20 per cent, por ordinary share for year ended 681′5′′ 1912 ||

$1.25 per share for year)

ending 31131913

25 per cent for year)

*** ending $1711

70 cents for 19185 50 cts: yearending 6.80.13 WRIGHT AND HORNBY