1914-07-15 — Page 11

Commercial.

London Rubber Market. July 7.-The following message was received in Singapore, dated London, July 6- Plantation Para first latex

crepe on spot ... Para to arrive Market leady.

CHINESE FINANCE.

The Kwangtung Notes.

It is gratifying to learn, says the London and China Express, that a real effort in being made to 2/11 grapple with the position that

bas been created by the de 2/06

previated paper currency. This exists more or less all over Chins,

The East Asiatic Company favour we with the following report:--

"

Lut particularly in the province of Kwangtung

THE HONGKONG TELEGRAPH, WEDNESDAY, JULY 15, 1

To Preserve the Peace. The current FM.S. Govern. ment Gazette contains the diaft of an enactment to regulate the conduct of the inhabitants of the F.M.S. and other persons residing the sin daring the existence of hostilities between foreign coun- tries with which the Rulers of the F.M.8 are at peace.

***Paven Synthetic Rubber.

The New York India Rubber, World writes :-" Earle Brothers,

BANKS

INTERATIONAL BANKING

CORPORATION.

· Head Qßen bo, Wall Street, New York London Office:wgő, Blahopagsen, X.E. BRANCHES

Bombar

Calcatio

Canton

Caha

Cola

Empire Hongkong timbkow

Caplial and Surplus

Labe

الدولي

BANKS

·TION,

Sterling

Mexico

Peking

San Francisco

£1,500,000 at 2!--

$15,000,000 Silver ...$17,850,000

Shanghai Yokohama

Cold $2,890,003

EVERY DESCRIPTION OF BANKING BUSI

NESS USA ed.

DEPOS

CURRENT ACCOUNTS opened on the exam "DEPOSITE RECEIVED, Ézsd for one year at

excertainad on application.

BILLS NEGOTIATED and COLLECTED. MAIL and TELEGRAPHIC KEMITTANCES

TERS OF CREDIT and DRAFTS granted the principal ciles in the World."

THE BANK'S CIRCULAR LETTERE OF COMMERCIAL LETTERS OF CREDIT

CREDIT Are Avaliable (i) over the World.

rubbor brokers, of 68, Broad- On 6th inst. street, New York, inform us that $1,850,000 were shipped from they are the authorised 1orward- The market in London yester Shanghai to Canton, and on 11th ing agents for F. It. Muller and day fras quiet.

The closing prices were:-

inst. & further sum of $2,300,000. Company, Limited, of England,, or for abortar periods, at rates, which Hard Fine Para Spot

making $4,150,000 in all for the | for the sale of * Paves' synthetic *2/91

of starting redemption rubber. They expect in June or Forward... 2/0}

purpose of the notes. The price at which Jaly of this year to start the First later crepe, delivery

next three months... 2/11

the government will buy is the production of Paves rubber at Messrs. Barlow and Co. inform

average price of the last three about 100 tors a week, but before us that their London Office, months prior to redemption. It the end of the year they hope to wiring to them under date of the intended ere long to notify increase the output to about 1.000 6th instant with reference to the that after a notice of three months tons a week. It is offered for London rubber market, advises has been given that if all notes sale at a discount of 10 per cent. that there is a less demand and are not sent in for redemption from the market price of first prices are lower. Smoked sheet the Government will no longer later crepe. To quote them is quoted at 22 and standard accept any responsibility in the exactly-Any rubber not de- livered hy the time stipulated in crepe at 2/11.

matter.

Our Poking correspondent any forward contract made will

band

PURCHASE and SALE of Block Share AVELLERS CHECKS sold and cashed.

effected.

"

(I ZORGE HOGO, Manager.

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

THE

What Standard OH Has Done in writes us that Afr. Wang Ching-get the benefit of any fall in the VOKOHAMA SPECIE BANK |

་་

Two Years,

PUBLIC COMPANIES

NOTICE.

LIMITED.

"Established 1880.

**

Head Office-YOKOHAMA.

Branches. Antung.Halen

Bombay Calcutta Changchun

Dalria Fongtian Matla Hanker Honolulu

Кофе

Liso Yang Load.n

Lyons

Tainganu

Agencies si Nagasaki Newchwang

New York

Cuka

Pokla

Ryolun (Port

Author) San Francisco

Shangha

Thealing

Ziensald

Takyo

Los Angeles Tingtaa

Interest Allowed on Current Account. Deposit received for fixed preboda na rates to de tained on application.

EISHIONO, Manager. Hongkong, 6th April, 1913. [16

Since dissolution of the fang, Financial Commissioner of market price of first latex that Standard ON, oil enterprises Kwangtung, hae wired to the may have taken place between abroad bave expanded greatly. President reporting that there the date of such contract and the Authorised Capital Yen 48,000,000 What have the separated Standard are about $30,000,000 notes in date of actual delivery Earle Paid-up Capital 30,000,000 companies done? A broad ob circulation in the province. Brothers submit an analysis of Reserve Fund...... 18,900,000 servation over the past two years. Holders of notes had been trying Favea synthetic rubber, which says an American paper, reveals to get the Government to radeem is as follows:-Acotone extract two outstanding developments: at per, but the Central Govern- resin, 4'13 per cent.; rubber gam, First, the Standard Oil companies ment will only give próbably 50 9570 per cent.; insoluble matter, today have a better grip of the per cent,, as many have acquired 0 17 per cent.; total, 100 per The remarkable part of world's industry than the old them below that figure, so that cent. Standard Oil combination ever they can still make a profit if 50 this analysis is the percentage of had; second, the companies are ac- per cent, is paid to them. The resin in the rubber. It has always tually competing with each other. Government has agreed to em- been suppored that rubber made All branches have spread ont in ploy an experienced foreigner as by synthesis did not contain resin. wonderful fashion, both in the auditor and accountant in charge Now, would anybody after mak- United States and abroad. And of the redemption at Canton. In ing synthetic rubber be likely to preparations are for a large addition, Mr. Wang also roports add resin ? Manufacturers may business in coming years. As a that he has issued orders to the not doubt the rubber at its lower result, the various companies Governmont Mint at Canton for price, but they are almost sure to have enjoyed record breaking coining of silver subsidiary coins. doubt its origin.". earninge; and shareholders, many To Mr. Wang the Central of whom before disintegration Government has entrusted the were on the brink of throwing task of redeeming the supeifluous 07er their holdinga, have notes in the other provinces after been enriched abundantly, the completion of hie duties at Original shareholders bave Canton. It is believed that THE WEST POINT BUILDING been joined by la

of Hunan Province will be the next Company, Limited.. others, attracted by "molon cut-scone. of operations.

An Interim Dividend of Two tings,"

"Standard Oil bis not The Peking correspondent of Dollars per share for the six been dissolved!" is the ery of The Times telegraphs that the months ending 30th June, 1914 those who expcoted to see the satisfactory results of the salt will be payable on Tuesday 28th power of Standard Oil capital collections, and the steady inflow July on which date Dividend Warrants may be obtained on diminish with separation of the of taxes from the provinces beget application at the Company's Paid-up Capital Reserve Fund... parent concern from its 34 sub-in official circles an optimism sidiaries. Bat it must be admit which tends to overshadow the

The Tra sfer Books of the Reserve Liability of

Proprietors ted by those who have to lawed onrest in certain provinces, but Company will be closed from operations of these, concerns that which inspires the Government Tuesday the 21st July to Tuesday they are living up to the letter of to confine its immediate desires the 28th July (both days inclu- the court decree. If this were to borrow a loan of £8,000,000 sive) during which period no not so, the department of justice sterling to cover short term loans, transfer of shares can be regist

CURRENT ACCOUNTS open- would have taken action before nor will the Government yet ered.

By order of the Board of

ceived for 1 year or shorter periods now. There has been no lack of accede to the demand of the Five- vigilance by the government and Power Group for an option to

A. SHELTON HOOPER.at rates which will be quoted on

application. others hostile to these companies, issue a currency loan later.

Secretary to the

Wm. DICKSON. HONGKONG LAND INVEST-|-

Manager. Hongkong, 11th April, 1912.

Just

Each company is doing its utmost

its position, and where this can

to increasd earninge and improve

be achieved at expense of their

companies, this is being done. cent.

Before dissolation, Stand-

office.

Directors.

-MENT & AGENCY

Company, Limited. General Agents for the WEST POINT BUILDING Company, Limited. Hongkong, 14th July, 1914.

date.

•

GILMAN & Co.

Lloyd's Agents,

Although practically all com- ard Oil of New Jersey distributed panies have grown since dissolu- dividends at rate of 40 per cent. tion, the progress of some has yearly, or approximately $40,- been retarded considerably by 000,000, on its stook of slightly s.s. " TINGSANG" (Wrecked) business lost in competition. One less than $100,000,000. In 1912

HIPPERS and Underwriters ronson for the unusual growth of the Standard Oil companies dis-S

interested in the cargo of the Standard Oil group the past tributed $51,813,335 in cash two years is the injection of much dividends, and in 1013 $107, this steamer are requested to new material by promotion of 795,377, the latter being a gain communicate with the Under- men in their prime to positions of almost $85,000,000, or 170 per signed within three-months from of officers and directors, who cont. over the 1911 dividends. In have exerted every energy toward addition enormous stock divid expansion of their particular ends and privileges to subscribe companies. Another big reason to new shares on advantageous in that dissolution was effected just terms have been given to stock- before an unprecedented period holders, as a result of many in- of activity in oil. Record-break creases in stook. In some cases ing earnings have been general these capital readjustments have among oil concerns the world been made to distribute large THE THIRD GYMKHANA MEETING of the Sedssp while Standard Oll, however, surpluses,

others in bas thus far more than beld its additional capital has been re- will be held at Happy Valley on Saturday, the 18th July, 1914. own in the world-wide develop. quired to take care of rapid commencing at 3 15 p.m. ment. The returns issued by expansion. Whereas total capital The Charge for Admission will 26 Standard companies for of the 34 companies following the be $1.00 for others than Members 1913 indicated total earnings dissolution aggregated $277,- of the Hongkong Jockey Club or for last year of approximately 015.954, present capitalization, Gymkhana Club. $133,500,000. This does not including one increase about to include Standard Oil of Now be made, totals $473,449.947, an, half price. Jersey, now paying dividends of increase of $196,000,000 in n $20,000,000 yearly and estimated little more than three years.

OVET.

to be earning probably twice that.

Placing the New Jersey earninge

at $30,000,000 yearly and giving.

the other seven which have made

Mr. Kipling's Politics.

NOTICES.

OLÜB.

HONGKONG GYMKHANA

Soldiers and Sailors in uniform

The Committee invité, the Ladies of Hongkong to be present.

Hongkong, 8th July, 1914.

NOTICE.

ESTATE LD.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND

CHINA.

Incorporated by Royal Charter 1853.

HEAD OFFICE-LONDON.

T/T

1914.

Belling

EXCHANGE

T/T, Maria

189)

Demand Germany

TT. FranOR

On Haiphong vai

On Saigon mới

On Bangkok in

.8314

Buying

.1/10.9/16

1/10 3/16 HONGKONG & SHANGHAI Domand ................................1/10 1/4

BANKING DORPORA 30

đ.1/10 326

60 da 1 10 516.

**.........1/10 8/4 Paid-up Capital $15.000.000 T/T Shanghai.....................................74 1/2- RESERVE FUNDS;

Private 30 d/s sight S'hal 75964 m/s L/C T/T Singapore mio 79321⁄2° | 4 m/s. V/P k.............1/10/11/16 T/ Japan..................................90) 16 m/s. L/01/10 9/4 T/T India............... ............................. 1984730d/s.S'ney & Melbourne1/10 13/16 Demand India: “......................13894 30d/s.San F'co & New York 4579 T/T Bynbay.....

1384.m/s. Marks ..... $32,650,000 Demand Bombay ........1384|4 m/s. France ................ | Reserve. Liability of

T/T Calcutta

......................1381 ̈ ̄† 6 m/s. 40 Proprietors....$15,000,000 Demand Caloutta..... 1384 BarSilver, ready.

COURT OF DIREUTORE.Demand Manila.................... 49094 Hon. Mr. D. Landale. Chairman,T/T. San F'ou & New York 45 Gold Leaf per tasl

L. Pattenden, Esq. Deputy Demand, New York 4516

T/T. Java

11136

W.

Chairman..

8. H. Dodwell, Esq.

G. T. M. Edkins, Esq.

O, 8. Qubbay, Esq.

P. H. Holyoak, Esq.

C. Landgraf, Esq. F. Lieb, Esq. J. A. Plummer, Esq. Hon. Mr. E. Shellim. H. A. Sieba, Esq. Ad. Widmonn, Esq.

“CHIEF MANAGER: Hongkong-N. J. Stabh

ACTING MANAGER. Shanghai-J. D. Smart. London Bankers-London County and Westminster Limited.

forward

1.94

2.38

42.40

257/16 2534

55.80

Bank of England rate Sovereign

...10.70

Opium Quotations...

July

Malwa, New

68,200 per på

Malwa, Old

48,300

Chinese...10

$113%

Patna, Now.....

9,325 per che

Hongkong.20

路

$91/8

Patna, Old

9,200

Benares, New

9.050

Hongkong.10

3.915/16

Bédares, Old..

8.925

Subsidiary Colna.. Discount per $100 =*

| Chinese...20 cts.piecos $11 1/4

TO-DAY'S SHARE REPORT.

·S—SELLERS 1, BA-SALES B-DUYERS N-NOMINAL

Stacks & Paid UP VALUR.

HANKS...

Hongkong & S'hai #125-

MARINE INSURANCES, Cantons

North China

Last DividenND AND, DATE...

£2 & 5/-b. at ex 1/11 3/16)

equal to $23.29 for year ending 31/12/13

Final of $3 a/c 1912, In-ì terim of $18 a/c 1913 Final of 1 p.c, making

CLOBANG O'TION

$850

Less/10

$50-815

£5 T140 b.

$100 $780

b.

Yangtszes

£50 $194

per

osat pe

FIRE INSURANCES; -- China Fires

$20 $1155 850 $393 Hongkong Fires

b.

b.

827 for 1912

Hongkong Interest Allowed:

On Current Account at the rate

of 2 per cont per annum on the | Unions daily balanos---

ON FIXED DEPOSITS. For 3 months, 2 per cent. per

For 6 months, 91.

For 12 months, 4 per cent per

A. G, STEPHEN,

SHIPPING. China & Manilas $25 19 Douglas Steamship $50 #31 Steamboats

36

annnm.

annum,

annum,

Acting Chief Manager.

$15 $27

|

Indo-Chinas

(Preferred) £5 $60. (Deferred)

'Shell" Transports £1

195/6

£11

$10 $45.

b.

HONGKONG SAVINGS BANK

THE

HE Business of the above Bank is conducted by the HONGKONG AND SHANGHAI CORPORATION BANKING

Bules may be obtained on ap plication.

INTEREST on deposits is al- lowed on the minimum monthly balances at $3 per cent, per an-

numi

N

Star Ferry

RETINERIES.

China Sugars $100 Luzon Sugars

Depositor may transfer at their option balances of $100 or more to the Hongkong and Shanghai Rauba Bank to be placed on FIXED £1,200,000 || DEPOSIT #1 47 per cent. per „£1,800,000 | annum.

For the Hongkong and Shang- £1,200,000 || hai Banking Corporation,

A. G. STEPHEN, Acting Chief Manager,

FOREIGN EXCHANGE and

General Banking business trans-

acted.

MINING.

20 p.o. for 1912

Final of $20 making $50) for 1912 and Interim of $30 for 1913. Final of 812mak. $15 for

1912 & Int of #3 för 1913 1

$10 for 1912

$1 for 1906

$2.50 for year end'g 30°6′13 Final of $1 for hälft' year ending 31'1213 /

Interim alo year 1913 on preferred shares

Final of 5-" making 7/- for 1913 Coupon No. 22.

$1.70 per share, and bonus of 30 cents per share for year ending 30'4*13

$79 -$100 $28

$$ for 1912

Chinese Engineerings £137/6 Tronoha

£1 30/- £13 DOCKS, WHARVES, & GOJOWNI Kowloon Wharfs $50 $83 sa. & b.

b. HK.&W'poa Docks $50 - $62 Shanghai Dooks T. 100 T. 60; b.: Hongkew Wharfs T. 100 T. 91 b. LANDS, HOTELS & BUILDINGS Anglo French Lands T.100 T.94 H'kong Central E'tes $100 $102. b..

ed and FIXED DEPOSITS re. DEUTSCH ASIATISOHE Hongkong Hotels $50 £125b.

no reports credit for earnings The Kipling spirit in politica THE HONGKONG CENTRAL only to extent of their dividend has always pervaded portions of

bir NOTICE is hereby given that payments for last year, indicated the Anglo-Indian world..

tho Statutory Meeting. earnings of the Standard: Oil Edward Hamilton tells bow aA

of Phareholders of this Company group for 1913 were over friend of his travelling in India, will be held at the Offices of the $168,000,000, it has been es desired to telegraph a birthday General Managers at NOON on timated that Standard Oil Com- greeting to Mr. Gladstone. The MONDAY 27th inst, instead of as pany of Now Jersey with- all its officer in command of the military previously notified. subsidiaries, before dissolution, wire, by which the telegram had was earning about $80,000,000 to be transmitted, declined to - per annum. Indicated earnings send the message,God bless for 1913 show a gain of you, on the ground that be could $88,000,000 over the 1911 not be party to such words." estimate, or more than 157 per Daily Chronicle.

By Order,

AT SHELTON HOOPER, Secretary to The Hong- kong Land Investment Agency Company, Ld Mead General Managers, m Long, 6th July, 1914-

NOTICES

(2)

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

Goods received on Storpge." Advances made on Merchandise: Loans made on the Provident

System.

(Rátes and Particulars on ap

plication)...

The Office of TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &c., Undertaken and Executed:

SHEWAN, TOMES & Co.. General Managers. Hongkong, 19th March, 19083

PEAK

Capital Fully

BANK.

Paid-up...Sh. Taels 7,500,000 Head Office-Shanghai. Board of Directors-Berlin. Branches:

Berlin

Calcutta Canton. Hamburg Hankow Kobe Peking Singapore Tientsin Tsinanfu Tsingtau Yokohama, LONDON BANKERS: Messrs. N. M. Rothschil & Sons. The Union of London and Smith's Bank, Limited. Deutsche Bank (Berlin), London Agency, Direction der Disconto Gesell- Bohaft.

2

Hongkong Lands $100 $116

Humphreys Estates $1087.60 Kowloon Lands 2:350 $44 Shanghai Lands T. 30 T. 92" b.

West Pointe

را

$50973

Manila M'pole Hotel P.10 P. 8° m COTTON HILLS. Ewoa Shanghai Cottons

b.

..

T. 50 T. 135 b..

T. 113

T:82 b.

T. 114 b.

MSCELLANEOUS, 80

Laou Kung Mow Kung Yik Hongkong Cottons $10 8734 Dresdner Bank

Chins-Borness $12 $118. INTEREST allowed on Current Light and Powere $101|$434 Account. DEPOSITS received Do. (Spoo, shares) $1). on terms which may be learned China Providents 810 $81 on application. Every description Dairy Farme d

#66338

of Banking and Exchange bust-Green Islands $10 $6 ness transacted, water, Hongkong Electrics $10 $414 b

THE MAX GUTSCHKE Hongkong Icas #25 2001 b.

Manager. 127 Hongkong. 9th Oct. 1911,

Hongkong Ropee: $10 $25 |Langkatë

THE MERCANTILE BANK OF INDIA, LIMITED.

Authorised Capital. EAK TRAMWAY CO. Subsoribed.

LIMITED.

Paid Up Reserve Fund

TIME TARLE.

WEEK DAYS

1.00 A.M. to

od AM to 14,00 Aube 13 · X200 SN. IL30 AM, to 23-45 Talls 2014*,#, to

Loo A.M. EVEXY 15 Min.

to Mut

ty Mi

43 TM T5 PM to 8.35 PMI 2.35 1.14, to 5.00 22: -5.30.M to 1.20 1.38.

NIGHT CARS.

10 MIN

1.5ć rasi'and' 9 124 9:30 rakı loj

THE DO YONG' Avery bilf hours

ILDO FM to 11:45 2 Má

every quarter of aï bour.

'SUNDAYS DE

9.45 to· ·20-29, AM, ¦ EVERY 15 MIN.

10:30 am to 12:00 AM

11:53 J.M. 1000 Nov

18.00 Noce 15, 1.00 73:

"1.00 TIM; DO^= 3,00′2.MI

to Men

25 MIKE

19 MIN

5.00 F to 5.00.7 MAA, 10 Mat, 3.00°1,3, 10:/700'111

"NIGHT' CARSTMs on Wóck Daya: D

GEBATURDAYS S

SPIN FECIAKOARI

By, Arrangement at the Company's Offici,

1,500,000.

g. 10 T. 45

Morning Post $25 $29

810 $10

Peak Tw

Do..

ܩܩ

$190 ctas- 1,125,000 Hongkong Electric Trams 12-

562,500 000

465,000 Philippines

BANKERS: Bank of England. London Joint Stock Baur, "Limited,

Every description of Exchange business transacted.

Interset allowed on Current Ac- counts at 2 per cent per annum on Daily Balance and on Fixed Deposits at rates which may be ascertained op application,

$10 $5

H. Prica & Co., La. $10 $0

Pro

Societe des ferred

Pulpeset

Papeteries

du Tonkin

$50.||320

paid up: $50 Benefit $200. Shanghai-Sumatras T. 20,T.150 Steam Laundry $5 $5 United Asbestos MARS

Oriental Agency, $10 6916 b.

United Asbestos Founders Shares

$10

$800

A. R. LINTON Union Waterboat $10 $18.

Manager..

Wei Weinmann, Ltd. $10 30 THE ALEXANDRA CAFE Watson

$10573 Cannot be Bestén, if Equalled; William Powell, Ltd.883

$3 for 1897

Interim of 5% Coupon No. 3 account of year end- ing 30.6. 4.

Int of 1/6 mak.6/6 a/c..19/3 1/2 for 1909

$3.50 for year 19:3

13 for 1913.

Tie. S for 1912

Interim of Tls 3 for 1913

· Tls, & 29°2′10. : First year

:87 on old shares, $3.50)

on now shares for year 31°12′13

8314 for 14 year ending 31.12.13

50 cents for 1913

$2.80 for 1913

Interim of 5 p.o. for

year ending 30′6′′18 $2,25

for 11⁄2 year ending! 31.12.13.

$15 per cent. for 1910

Tls. 15 for year ending}

31°10′13

Tls, 10.for year end-

ing 30'6'13

T.12 for year end'g311212 Tis. 11 for year endin

··-80:11:13.

50 cents 31.7.08

$1.20 for 1913

70 cents for 1913

$1.30 for year end'g 31:7913

40 cents for 1911 $1.80 per share for 1913 Interim of $2)1á/c:1914; $8 for 1913

Interim of Fle. 1 mak- ling Tis. 2 a/o 1913 None

80 cents on fully paid), shares and 8 cents on

Si paid shares for year anding 30.4.14"

Finel of dd. making 73d. I

per share for 1913, None

$1.50 for 1910

None

No dividend this year 50 ots, for year end'g 31,5.12.

(20 per cent, por ordinary shard for year ended" 31-5-1912

$1.25 per share for year Qending 31′12′′1913

25 per cent, for year ending 3171117 70 cents for 1913.

50 of reardding 6.80.18 IHT AND HORNBY, IN EA addrese: Reçtimandalay

For Bread Oakes, Confertiöně rymde preturi pe malarza and meals with Wines & Liquors. brokers & Das Vomas Road Central

The Towersph, dens trot hold itisif res Tel, ons key any