Cominercial.
Java Sugar Industry.
Spanishapinners present a gloomy
report, due to the advance in
THE HONGKONG, TELEGRAPH,
FRIDAY, JULY 17, 1914.
TO SAIL
BANKS
BANKS
the price of cotton and the lower- ORIENTAL AFRICAN LINE ing of the price of yarn. They have
also had labour troubles to face,
South African Ports.
In the story of the Java sugar and have before them a prospect For Singapore, Mauritius and industry, a Datch writer observes of the reduction of the working that it has had to struggle with hours from 60 a week to 60. In unfavourable circumstances for a Portugal things are very bad in- very long time, but has emerged deed, both in the spinning and in THE Steamship triumphaut
its trials, the weaving departments, Some
from
'"'SALAMIS,"
·∙I/T·
INTERNATIONAL BANKING HONGKONG & SHANGHAI "Demand.......
BANKING CORPORA- 30 địa 5021
CORPORATION.
HO-do, Wall Street, New York: Leodon CE-10, Bishopsguza, E.C.
BRANCHES :
Bombay
Calculia
Canson
Ciba
Caloo
Empire
Hongkong
Hankow
EXCHANGE
Demand Germany:
189
*****2.32
On Haiphong năm 2017 pm.
On Saigon-6
| On Bangkok_..........................................$3} -Buying,
►
Selling
..1/10 1/8
TION,
Paid-up Capital $15,000,0ch T/T Shanghai ......74 1/2
„1/10 3/16 || T/T. Francs 1/10 1/4. ....1/10 1/4' 4 m/s ...................................................1/10 5/16
Kobe
Manila
Malco
Убодия
Sterling
Peking
Sbangbal
Yoko:Mina
£1,500,000 at 2/-mai $15,000,000 Silver...$17,650,000
equalmiem.¿labels **.
$32,650,000
Capfial and Surplugs Gold Brand, Kem
RESERVE FUNDS:
BarSilver, ready
1/10 1/2
Private 30 d/s sight S'hai 759 4 m/s. L/C T/T Singapore ......................7934 | | 4 mp3, 9/2 mil......1/10 5/8 T/T JapanÅ............ 901g 6 m/s. L/01/10 11/16 T/T India Die sim.1884 30d/s.3'ney & Melbourne1/10 3/4 Demand India .........................................138 | 30d/s.San Fcc & New York 4534 T/T Bombay.........................
.13844 m/e. Merks....193 1/2 Demand Bombay:
.198 4 m/s. France ...........................2.3720 EVERY DESCRIPTION OF BANKING-BUSI | Réserve Liability o
TT Calcutta
13846 m/s. do ""...
..2.39 NESS transacted.
CURRENT ACCOUNTS opened on the stu
Proprietors....$15,000,000 Demand Calcutta......... .138+
...25-3/8. COURT OF DIRECTORS. Denind Manila ...............................
9014 DEPOSITS RECEIVED, Lxrd for one ysAY AL 4% per annum, or for shorter periods, all rates, which Hon. Mr. D. Landals.Chatman, TT. San Fcu & New York 4475 may be mazertálued on application,
HILLS NEGOTIATED and COLLECTED. MAIL, and TELEGRAPHIC REMITTANCES made.
"LETTERS OF CREDIT and DRAFTS zmated
_THE_LANKS CIRCULAR LETTERS OF CXEDIT are #villalats all over the World,
COMMERCIAL LETTERS OF CREDIT brand.
PURCHASE and SALE of Stocks so Shares affected
through the energy, enterprise of the mills are working half time, 4509 tons, Captain D. A. Gar- and confidence of those who had and there is no early prospect of dinos, will be despatched res undertaken the work, so that this change for the better. Belgium above on Friday, 24th July, at industry, which appeared to be also reports that the outlook is far noon.
-For rates of Freight and Pastermi from prosperous. India complains condemned to destraction, wog; gradually given life, till now it of the large importation of Man-age apply to:
The Bank Line Ltd. has become a bright example of chester goods during the last two
Managing Agsent. how a tropical agricultural in- Feara. It has been largely in duetry may be forced into life excess of requirements, with the and prosperity. After the gradual withdrawal began in 1970 of the direct Government interest in the sugar industry, which became
result that stocks have accumulat-Regular Steamship Service principal cities in the Pula
ed. Cotton was fairly cheap owing to the record crop, and there was
on or about 18th July. For Freight and further in-
formation apply to
ן!
DODWELL & CO., LTD.
Agents. Honkgong. June 4th, 1914,
no shortage of labour, due to the Proposed Sailing from Hongkong almost complete by the year 1888, famine driving the people from For BOSTON & NEW YORK the progress in the cultivation of the fields to the mills, but the s.s. "MUNCAS-1 sugar cane was remarkably slow, demand was not good, by re.30 TER CASTLE" but steady: The surface planted of the lack of money and the un- with cane in the year 1888 was settled state of China. From the United States came a report of Each year 42,951 hectares. showed an increase on to 1805, considerable depression, and the with its 77,003 hectares. There running of short time on a large was an important decline in 1806 scale. Sir Charles added that "to 73,993 hectares, then uninter- events prove that no single coun- rupted progress till 1902, when ry can regulate an industry as the surface planted with sugar vast as the cotton industry, and ssue amounted to 104,167 hec- that as crises arise the only way to tares. Then, after another re- meet them with a prospect of latively small decrease to 101,754 avoiding heavy losses to both hectares, the progress became employers and employed was by steady and uninterrupted, till in organized restriction of produc the year 1912 it reacbel 140 303 tion-Times. hectares.
The Cotton Industry,
Paris, June 16:
The World's Silk...
11
PUBLIC COMPANIES
NOTICE
THE HONGKONG LAND INVESTMENT & AGENCY Company. Limited.
An Interim Dividend of Three
six months ending 30th June, 1914.
The syndicate of the Lyons zilk dealers has published a pre- and half Dollar per share for the liminary statement of the world's will be payable on Tuesday 28th At the close of the meetings of silk production in. 1013. Accord-July on which date Dividend. the International Cotton Dom-. to this statement, the pro-Warrants may be obtained on mittee in Paris, Sir. Obailea duction in Western Europe application at the Company's Macare issued a comprehensive amounted to 4,235,000 kilogram- office.
mes, against 4,982,000 kilogram-
The Transfer Books of the
statement on the present position mes in the preceding year. In Company will be closed from and prospects of the coton Central Asin an Asia Minor the Tuesday the 21st July to Tues- industry in Europe, America, production was 2,270,000 kilo-day the 28th July (both days and India, the information being oblalaed direct from the members grammes, against 2,223,000 kilo inclusive) during which period grammes, and, in the Far East the no transfer of shares can be
registered."
Was
bab
A. SHELTON HOOPER,
Secretary,
of the committee. The report production of raw silk is calculat-
By order of the Board of raya: I do not think the outlooked at 20,545,000 kilogrammes. Directors.
ever blacker all round. The total for the world is estimat- though the cotton crop ed at 27,050,000 kilogrammes, reached huge dimensione, and againat 26,965,000 kilogrammes Hongkong 14th July, 1914. though there never was larges in 1912: Although the world's number of mills or the capacity production of silk last year, con- for a larger output. In England
trary to expectations, was some-
time.
NOTICE.
Company, Limited.
A. SHELTON HOOPER. Secretary to the
HONGKONG LAND INVEST-
TRAVELLERS CHECKS old and rasked.
GEORGE HOGO,
Manager.
Queen's Road, Hongkong Hongkong, 1st Nov. 1912.
THE JOKOHAMA BPECIE BANK LIMITED,
YOKOHA
Established 1880,
Authorized Capital Yen 48,000,000 Paid-up Capital Reserve Fund...
1
30,000,000
T
18,900,000
Head Office.-YOKOHAMA,
Agenzia al Nagal
New
Brancher Actung-ihin Bombay Calcula Changchun
Newchwanz
QUAXA
Pek
Kyohin (Port
Arthur)
Shanghai
Telling
Dairen Fangtien
bin Hankow Hanalula
Kobe
Liao-Yang Land.n
Lyons
San Francica
Tiessiin
Takya
Farsuelay
Tingiau
Tsinglau
Interest Allowed on Current account. Depois received (or fixed periods at rates to ba valued an application.
EISHIONO, Manager. Hongkong, 6th April, 3913.
18
L
THE CHARTERED BANK OF INDIA, AUSTRALIA AND OHINA.
Incorporated by Royal Charter 1853.
· HEAD OFFICE.-LONDON, Paid-up Capital Reserve Fund...
Proprietors
W.
Pattenden, Chairman.
8. H. Dadwell, Esq.
G. T. M. Edkins, Esq.
0,8. Gubbay, Esq.
P. H. Holyoak, Esq.
C. Landgraf, Esq.
F. Lieb, Esq.
J. A. Plummer, Esq.
forward *****257/16 Gold Leaf por tael.....56.10.
Bank of England rate
July
37%
10.70
Deputy
Demand, New York T/T. Java'
.45
11156
Sovereign
Subsidiary Coins. Discount per $100:
Opium Quotations.
88,200 per p
Qhinese...20 ota.placed 810 7/8 Chinone...10 Hongkong.20. Hongkong.10
$1178
Patna, New
9,325 per che
ti
"$9
Patna, Old..
9,200
Benares, New
***** 9.050
$ 93/4
Benares, Old... 8,925
Hon, Mr. E: Shellim. H. A. Siebs, Esq. Ad. Widmann, Esq.
"CHIEF MANAGER:
Hongkong-N. J, Stabb.
ACTING MANAGER. Shanghai—J. D. Smart.. "London Bankers-London
County and Westminster Limited.
HongkongInterest Allowed:
On Current Account at the rate
57αck
Malwa, New..
Malwa, Old....
8,300
TO-DAY'S SHARE REPORT.
S-SELLERS SA-SALES 8-BUYERS N-NOMINAL
PAID UP VALUE. BANKS.
Hongkong & S'hai $125
CLOSING
Q'TION.
3255
b:
£83/10
$503174 b. £5 T140 b.
MARINE INSURANCES, Cantons
North China
of 2 par cent. per annum on the Unions daily balance.
ON FIXED DEPOSITS. For 3 months, 21 per cent. per
annum.
For 6 months, 3 per cent pe
annum.
For 12 months, 4 per cent per
annum,
AG, STEPHEN, Acting Chief Manager.
HONGKONG SAVINGS BANK
“HE Business of the above Bank is conducted by the HONGKONG AND SHANGHAI CORPORATION BANKING
Eules may ba' obtained on ap plication.
Yangtezes
$100 $790 b.
TIRE INSURANCEJ, China Fires
Hongkong Fires
SHIPPING.
£50 $194
$20 $155 $50 $395 China & Manilas $25 $9 Douglas Steamship $50 831 Steamboats Indo-Chinas
(Preferred) (Deferred)
}
$150
£5 $50
Shell" Transports £1
"Ster Ferry
[95/6
LAST DAVISENG'AND DATE:'
£2 & 5/-b.at ex 1/11 3/16)
equal to $23.29 for
year ending 31/12/13.J
Final of $3 a/o 1912, In-
terim of $18 ajo 1913 S Final of 10 p.c, making
20 p., for 1912 Final of $20 making $50 |
for 1912 and Interim of $30 for 1913 Final of $12mak, $15 for
1912 & Int.of $3 for 1913 f,
b.
$10 for 1912
b.
$27 for 1912
$1 for 1906
£11 6.
{$10 $46
b.
·REFINERIES.
$100
$79 $100 $28
INTEREST on deposits is al-China Sugars lowed on the minimum monthly Luzon Sugars
balances at $3 per cent. per an- ひじ斑・
Depositors may transfer at their
option balances of $100 or more to the Hongkong and Shanghai Bank to be placed on FIXED £1,200,000 DEPOSIT 4 per cent, per ....£1,800,000 anaus!
For the Hongkong and Shang- £1,200,000 hai Banking Corporation,
A. G. STEPHEN Acting Chief Manager.
Wni. DICKSON..
Hongkong, 11th April, 1912.
Manager. 1.2
NOTICES
the spinners of the finer counts what larger than in 1912, this are still making a profit, or, at had. but little effect out the THE WEST POINT BUILDING any rate, are holding their own, European market, since, after all, but the bulk of the trade is in the European producing An Interim Dividend of two suffering from depression 日 severe as w08.ever known. Largo centree, excepting Spain, Bur Dollars per share for the six Reserve. Liability of sums of money are being lost. gary, Croatia and Slavonia, the months ending 30th June, 1914 Owing to the variety of the preparation of crude silk resulted will be payable on Tuesday 28th July on which date Dividend
FOREIGN EXCHANGE and a considerable deficit. The Warratts may to obtained on General Banking businessans- interests concerned we cannot get minus production was particularly application at the Company's ected. organized short time at present, felt in Italy, which is the greatest office.
CURRENT ACCOUNTS open- though we have made two efforte
The Transfer Books of thed and FIXED DEPOSITS re- raw silk-preparing country, and in that direction, and though produced 3,540,000 kilogrammes, Company will be closed from ceived for 1 year or shorter periods there is a reasonable hope that if against 4,105,000 kilogrammes. Tuesday the 21st July to Tuesday at rates which will be quoted on restriction of output were regult: The increased importation of silk the 28th July (both days inclu- application. ed on a scientific basis there would from the Far East neutralised to sive) during which period no never be any dangerous bad trade.
some extent the deficit in Europe, transfer of shares can be regist- Mach injury has been done by but did not do so completely. cred. the building of an excessive The reduction in crude silk, on Directors.
By order of the Board of number of new mills by people the one hand, and the natural outside the trade, an obviously increase in the demand by foolish proceeding at the present Western European industries on In Germany business is dull the other, had their effect on the and the culpat has been decreas: stocks, which were very low down
at the end of the campaign. ed. The fact that manufacturers have had to pay higher prices for yaen in a falling market for cloth Philippine Judges Appointed. has necessarily restricted trade. Washington, June 11-Gov. France is one of the few countries Gen. Harrison, of the Philippines, that presents a hopeful report, to-day informed the Bureau of Employment is better than it Insular Affairs of the War was, and though spinners are not Department that the nominations yet able to announce that they are and appointments under the bill securing profitable margins, at adopted at the last session of the any rate they are no longer work. Philippine Legislature reorgan ing at a loss. In Austria 10 or 15 zing the Courts of First Instance per cent. of the looms are idle, and of land registration, and THE THIRD GYMKHANA Owing to the orushing effect on which increased the number of commerce of the Balkan war the judges from 29 to 36, had been will be held at Happy Valley on Austrian spinners had to look for made to take effect July 1. He Saturday, the 18th July, 1914, Tho Charge for Admission will markets in other parts of Europe, also advised that he had reap commencing at 3.15 p.m. and many of them, finding that pointed all of the present judges, be $1.00 for others than Members the production of American yarn who were removed under a provi- of the Hongkong Jockey Club or was not profitable, have changed ajon, of the bill, and had made Gymkhana Club.
the additional appointments to
MENT & AGENCY Company, Limited. General Agents for the WEST FOINT BUILDING Company, Limited. Hongkong, 14th July, 1914.
NOTICES.
HONGKONG GYMKHANA
CLUB.
MEETING of the Seassp
Soldiers and Sailors in uniform
"
to be
to East Indian. Latterly they fill out the complement provided half price. have found Constantinople a good
The Committee invite the market, though they fear that the for. The new judges are William accumulations of cloth there are Connor City Attorney of Ladies of Hongkong now very large. Russia reports Manila; J. R. Burgett, Assistant present. that for a long time business hus Attorney-General, and the follow- Hongkong, 8th July, 1914. had to be done on a very small ing fiscalor prosecuting attorneys: margin of profit, or with no profit Andres Borromeo of Cebu;
at all. The outlook, however, is Fernando Sales, of Rizal
NOTICE.
more hopeful, especially if pro- Cayetano Lukban, of Cagayan THE HONGKONG CENTRAL dusers of cloth will lead them- and Isabela: Tomas Flordeliza,
-ESTATE LD. OTICE is hereby given that
selves freely to the changing of Ambos Camarines; and the Statutory Meeting
By Order,"
conditions of the market. In Manuel Del Rosario, of" "Albay. | - Italy from 8 to 10 per cent. of the The following three attorneys, of Shareholders of this Company spindles ara stopped, their owners not now in the Government will be held at the Offices of the General Managers at NOON on being compansated for by other service, aleo were appointed MONDAY 27th inst, instead of as
Vicente Miranda; Fermin Mati previously notified. firms in the trade. By those meane over-production has been ano, and Hermogenes Reyes. ended, and though profitable Richard Campbell, George R. business has not been secured Harves, James A. Ostrand, and there no longer any serious Simplicio del Rosario were the The restriction will con judges assigned to the Court of Linue. Italy's sution is an object First Instance of the city of
to the whole traders. The
Mamis.
A. SHELTON HOOPER, Secretary to The Hong- kong Land Investment & Agency Company, Ld.
4 Gonétal Managers, Hongkong, 6th July, 1914.
THE CHINA PROVIDENT LOAN "AND MORTGAGE. CO., LTD.
(Capital Paid up...$1,250,000.)
Loana on Mortgage of House Pro- perty, &c.
Goods received on Storage, Advances made on Merchandise: Loans made on the Provident
System.
(Rates and Farticulars on ap-
plication);
The Office of
OF TRUSTEE EXECUTOR
WILLS, ATTORNEY, &, Undertaken and Executed.
SHEWAN, TOMES & CO. General Managers. Hongkong, 19th March. 1908 3
DEUTSCH
CH ASIATISCH
BANK.
Capital Fully
Paid-up...Sh. Taels 7,500,000 Head Office-Shanghai. Board of Directora➡Berlin. Branches:
MINING
Chinese Engineerings £137/6
b.
Tronoha
£1 30- Raubs
£13 DOCKS, WHARVES, A GODOWNS. Kowloon Wharfs $50 384 B.K.&Wpoa Docks $50 {1623 b Shanghai Books T. 100 T. 60 b. Hongkow WharisT. 109 T. 91. b.
NDS, HOTELS & BUILDINGS Anglo French Londa T.100 T,94 H'kong Central E'tes $100 $102 b..
Hongkong Hotels $50 $127 b. "
|Hongkong Lands $100 $117 6.
Humphreys Estates $10 $72 b. Kowloon Lande, · $30-$44 Shanghai Lande T..30 T. 92 b.
West Points
$50 973. b.
Manila M'pole Hotel P.10 P. 8
T. 50 T. 134
COTTON MILLS.
Berlin Calcutta Canton Hamburg Hankow Kobe Peking Singapore Tientsin Tainanfu Teingtau' Yokohama.
LONDON BANKERS: 2: Ewos Mesara. N. M. Rothschil & Sons. The Union of London and Smith's Shanghai Cottone
Bank, Limited
Deutsche Bank (Berlin), London Lou Eung Mow
Agency,
T. 114
T. 83
$2.50 for year end'g30′6′13 Final of $1 for half
year ending 31*12*13 J (3% Interim ajo year 1913 on" preferred shares
Final of 5 making 7- for 1913 Coupen No. 22.
$1.70 per share and bonus. of 30 cents per share for year ending 30°4′13
$3. for 1912
$3 for 1897
Intérim o15% Coupon No.
3 account of year end-
ing 10.0.14, 4S
་་
Int. of 16 mak. 6/6s/o. 1973
1/2 for 1999
$3.50 for year 1913
$3 for 1913
Tia. 3 för 1912
Interim of Tia 3 for '1913
Tls. 6 29°2′10
First year
по
now
$7 on old shares, $3.50) shares for. year 31*12*13 $314 for 12 year ending 31.12.19
50 cents for 1913 02:80 for 1913
Interim of 5 p.o. for year ending 30'6'13 $2,25 for year ending 31.12.13
15 per cent. for 1910 # Tla. 15 for year ending
31°10'13
Tls. 10 for year end.
ing 30*6*13
1.12 for year end'g 31°12′12
Tls, 1 for year ending?
30°11′13
50 cents 31.7.08
8.
$1.20 for 1913
Kung Yik
¡T. 12 Direction der Disconto Gesell
Hongkong Cottons $10 871 b. schaft. N
MISCELLANEOUS. Dresdner Bank.
China-Borneos*** $12 $11) INTEREST allowed on Current Light and Powers $10
$4.65 b. Account. DEPOSITS received Do. (Spec. shares) t on terms which may be learned China Providente $10 $81 on application. Every description Dairy Farme 6338 of Banking and Exchange busi-Green Islands $10 $6 ness transacted.
Hongkong Electrics $10 $42. MAX GUTSCHKE Hongkong Ices $25 $200
Manager. Hongkong. 9th Oct 1911. Hongkong Ropes
Langkata
Morning Post Peak Tramway
THE MERCANTILE BANK OF INDIA, LIMITED.
AK TRAMWAY CO Subscribed PEAK
المركز
LIMITED.
TIME TABLE.
WESK'DAYS.
1.00 AM, 13 KAM Every In Mu
1.00 236, to's000 KAL
21
10 MI
30.00 6.3) 50 X2-00 AMJE
#
11
Ty M
20 Ma
7:45 P
2443 KUL 10 (RES RACE"
9.IS V. LO 5,40 990
NIGHT CAKE)
.
156 nut andƐg rati gje váh, tự,
Canon gint (every bill boun
EVERY CURETAT, of ath honey, di
BUNDAYS
1:46 auto_20:30 26. Berzy za Mini -TOʻJO A AL 10 :- TL00 AMATWA | Live 1150 AM. 19.. Tuon Noɑatering klase
PROSTORE OUPE OF HOOKE COMES
1:00 PM 10
· 5:00 PM, 10 6.00 7.30
3.00 PM: 16 700 F
NIGHT CARS 1:on, Welk Dirili
BATURDAYS:
By Arriigiant inqda Compaya de elk
@Des Võrnx Road:
"
$10 1625 .8. 10 T. 46
$25 $29 $10. ||$10
Do. (new) 8190 ota. B, Hongkong Electric Trama 12/
Authorised Tapital ......£1,500,000 1,185,000 Paid Up.
562,500 Reserve Fund
465,000 Philippines
BANKERS: Bank of England. London Joint Stook Baur, Limited.
Every description of Exchange business transacted, "
Interest allowed on Current Ac- counts at 2 per cent per annum on Daily Balance and on Fixed
$10 85
E. Price & Co., Ld. $10 - $6
Pre Soalets desƒ ferred:
Pulpeset $50 | 820 Papeteries naide du Tonkin up $50
Bonsfit 8200- Shanghai-Sumatras T. 201150 Steam Laundry 3515 United Asbestos
Oriental Agency, $10 $934 b.. Ld.
Deposits at rates which may be United Asbestoel $300
ascertained on application."
A.R LINTON
Manager..
Founders Shares
| Union Waterboat
$10
$19 $18.
$10 830 310 371⁄2 b. Cannot be Beaten, if Equalled, willam Powell, Ltd. 389
Can Weismann, Et THE ALEXANDRA CAFE Watson
For Bread, Cakes, Confectionery and meals with Wines & Liquare.
70 cents for 1913
$1.23 for year end'g 81°7′13 40 cents for 1911 000 $1.80 per share for 191371 Interim of $2}' a/c 1914
$2 for 1913.
Interim of Tis. 1 mak- ting Te. 2 ajo "1913 None
80 cents on fully paid"
shares and 8 cents on 81 paidshares for year ending 30.4.14
Final of 6d. making 7}d. |
per share for 1913. None
$1.50 for 1910
Nane
No dividend this year 35 ots, for year end g 31.5.14
20 per cent. per ordinary share for year, ended 31′5′′1913
$1.25 per share for year?
ending 31*12*1913
25 per cent for year)
* ending 3171-7
70 cents for 1913:
50 ota. yearending 6.80:13 Cocrectal of UNA MARCAJLÍT
VRIGHT AND HORNEY y and General Grokers & Des Vousy Blond Capitals Tel addresA TUOTERYKA
The Telegraph does pes bold lower responsible for may of the above quotations,
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