1914-08-19 — Page 11

Commercial.

Japanese Banking at a Standstill.

Tokyo, August 8.-According to atatements made by Tokio bankers yesterday, the exchange business of the world is at a temporary standstill, all the exchange bank- ers preferring, during the present state of uncertainty as to exchange fluctuations, to do, no business whatever. It has become increas ingly difficult within the past few days to make remittances to Europe and yesterday bankawere declining any large transactions of that sort. There was a similar hamitanoy about issning drafts on China, several of the large banks | declining to isans drafts on China. As one banker explained: "There)

THE HONGKONG TELEGRAPH, WEDNESDAY, AUGUST 19, 1914,

NOTICE

ANNOUNCEMENT.

THE LIVERPOOL & LONDON & GLOBE

INSURANCE CO., LTD.

Assets £13,833,482: 12:48.

"HE Management of the Company's Representation in Hong- kong has from to-day been taken over by me and the interests the Company will thus be entirely undor British control.

has been no silver market for Hongkong. 10th August, 1914.

several days and it would be foolish to sell drafts on China. "

In the meantime there seems to be

no reason why tourists in Japan with letters of credit should be

PUBLIC COMPANIES

embarrassed by lack of funds, as HONGKONG & SHANGHAI the bankers say they are taking care of all transactions of this sort:

BANKING CORPORATION.

which do not involve large NOTICE OF ORDINARY AND

amounts. There were reports

A

EXTRAORDINARY

MEETINGS.

A

THE REGISTEROF SHARES

registered.

yesterday of extraordinarily high rates of exchange being charged on letters of eredit, but these ru

OTICE IS HEREBY GIVEN ports were not confirmed by

that the ORDINARY inquiries at the banks.

HALF-YEARLY MEETING of regards the effect of the European the SHAREHOLDERS in this war on Japan's business and Corporation will be held at the finance, there appeared to be City Hall Hongkong, on SATUR- considerable doubt. "Tho situa- DAY, the 22nd day of August, tion is so much more complicated 1914, at Noon, for the purpose of than anyone has ever dreamed receiving the Report of the Court of," said a Tokio banker yester- of Directors together with day, that no one appears to Statement of Accounts to 30th have any definite idea of what June, 1914, and for the confirma- the effect on Japan will. Estion of the election of Directors. However, there is a certain of tho Corporation will be amount of optimism among CLOSED from MONDAY, the Japanese business men, which is 10th August, to SATURDAY, the not shared by those doing an 22nd August, 1914, (both days export and import business. It inclusive) during which period is pointed out that by far the no transfer of Shares can be greater part of Japan's exports

AND NOTICE is hereby also go to the United States and to Obino, so that the war in Europe on the same day at Noon or so given that at the same place and. can have hat an indirect effect on soon afterwards as the Ordinary exports. Thai Japanese shipping Half-Yearly, Meeting shall be will benefit is indicated alike by concluded. an Extraordinary popular opinion and the quota Meeting of the Shareholders in tions on shares in the Tokyo this Corporation will be held market. In the general slamp of when the subjoined Resolutions Japanese shares shippings suffer-will be proposed as Extraordinary ed on Monday but all that was Resolutions: loat then was regained yesterday. The slump in industriale was generally attributed to a tempor- ary panio and it was not believed that the depression would become very serious. Mr. Kunizo Koike, the prominent slook broker said the local panic was a fight in the dark and he believes that the market will resume its normal state so soon as the people learn the true state of affairs. "Accord- *ing to a message received in

Tokyo the English sovereign is) quoted in New York at rates ranging from $6:20 to $8.75. It was explained that this was purely a nominal rate and its quotation indicated the desire of the New Tork banks to do no Exchange business rather than that trans- actions were actually taking place at that rate. According to a despatch from Changchun, the Russian rouble has, within the

(1) That the Directors of the Hongkong and Shanghai. Banking Corporation be and they are hereby requested and authorised by and on bo- half of the shareholders of the Company to take the steps necessary to apply for the introduction of an Or dinance into the Legislative, Council of the Colony of Hongkong supplemental to The Hongkong and Shanghai Bank Ordinance 1866, and the enactment of the same by the Governor of Hong- kong with the advice and consent of the Legislative Council thereof to effact the amendment of Section 20 of The Hongkong and Shangbai Bank Ordinance 1866, hereTM after set out with such modifications (if any) as they may think fit and to accept auch Ordinance if and when enacted.

The following is the the amend-

past few days, fallen in velcement above. referred to: The from yen 1.025 to 955. The deletion from Section 20 of the Changchun despatch concludes said Ordinance of the words, that cases of bankruptcy are" To take and accept any lands. reported. The silk trade has been houses, or other real or personal seriously affected. A drop of 50 property in satisfaction, liquida- tion, or payment of any, debt yen per pical was recorded on

“absolutely and bona fidé pr Saturday and the silk exchange vicusly due and owing to the was closed indefinitely aleo on Company, and a so to'ake any Saturday. Exporters of silk have Mortgage or other lien or char- been unfortunately caught in the ge on real or personal property sudden rise of exchange; Silk" as a security for any monies. exported from Japan to New "actu»lly and, bona fide pre- York is purchased on letters of "viously due to the Company or credit on London. The exporters reckoned on the normal rate of

exchange of dollars into sterling which averagea 4.86 to 488 and were forced to pay 5.25 in many

cases...***

"

PUBLIC COMPANIES

44

AL

«

•

GL

#+

L

+

!

H.S. PLAYFAIR.

exceeding

fifteen days before and seven days after. every ordinary Meeting" and that the following words be adopted and substituted therefor; namely: "during such time as the Court thinks

fit, not exceeding in the whole thirty days in each

year."

(b) That

the following words be struck "out of the last line of Article

56, namely, after the Meeting" and that the following

words be adopted and substituted therefor, namely. "after" the re-opening of the Register."

(c) That Articles 70, t

and 78 be cancelled. (d) That the following Articles be adopted and substituted for Articles: 76, 77 and 78, namely ARTICLE 76.- General Meetings shall be hold once in every year, at such time and plare in the Colony as may be prescribed by the Company in: General Meeting and if no such time or place is prescribed, then at such time and place as Court, and unless and until may be determined by the

BANKS

INTERUATIONAL BANKING

CORPORATION

Head Officedo, Wall Street, New York. London Odice!wyd., Blahopagnit, B.C.

BRANCHES": -

Bombay

Cetin

Canton

Caba

Colon Empire

Hongkong

Capital sad Surplus

Kobe

Manjia

Mexico

Panama

Paking

dan Francisco

Shanghal 'Yokohama' Gold $3,000,000

EVERY DESCRIPTION OF BANKING BUSI NESS tranɛtud,

CURRENT ACCOUNTS'opened 'an the saun. "DEPOSITE WECEIVED, Lied for nou year at 4% per manten, on for shorter periods, at rutes, which may be sacarland on appikation.

HILLS NEGOTIATED and COLLECTED. MAIL and TELEGRAPHIC REMITTANCES

BANKS

HONGKONG & SHANGHAI

BANKING CORPORA

TION,

Paid-up Capital .........$15.000,00 RESERVE FUNDS;"

Sterling

£1,500,000 at 2/

$15,000,000 Silver...317,650,000

r/

Selling

.................1/1014 Demand........1/10 5/16 30 d/a............1/1036 [60 d/s ..............1/10 7/16 4 m/s......1/10 1/2 D/D Shanghai......75 Private 30 d/s sight D/D Singapore ............ DD Japan.... 9094 T/T India Demard India T/rBnbay..................... $32,650,000 Derrand Bombay ...139 T/T Calcuita Demand Caloutta 139

T/T. San Fou & N.Y.451⁄4 Demand Manila......91.

Domand, New York 452 D/D. Java ......1113

Reserve Liability ·ú'

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

COURT OF DIRECTORS. Hon. Mr. D. Landalo-Chairman.

on all the placipal altine in the World

LETTERS OF CREDIT and DRAFTS KRated W. L. Pattonden, Deputy

THE HANK'S CIRCULAR. LETTERS OF CREDIT are avaliable all over the World.

COMMERCIAL LETTERS OT

lumed.

CREDIT

FURCHASE und BALE” of Brocki no Shares efacted.

BRAVELLERS CHECKS sold sad kaubad,

OZORAK HOGG.

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

THE

VOKOHAMA SPECIE BANK LIMITED.

Chairman.

8: H. Dodwell, Eaq. G. T. M. Edkins, Esq. C, B. Gubbay, Esq. P. H. Holyoak, Esq. J. A. Plummer, Esq. Hon. Mr. E. Shellim,

CHIEF MANAGER: Hongkong-N.J. Stabh

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

Established 1880. Authorised Capital Yen 48,000,000

30,000,000 Hongkong-Interest Allowed: Paid-up Capital ... Reserve Fund........ 18,900,000 On Current Account at the rate of 2 per cent per annum on the Head Office.-YOKOHAMA.

daily balance

Branches Antung-Hsin

Bombay Calcutta Changchun Duisen Yengilan Hardia TRAN

Kabe

Lino-VIDE Londen Lyons

Tilogiau

#1

21

LAPATIJA

.....139

Subsidiary Coins. › Discount per $100: Jhinese...20 cta.pisces $121⁄4 Chinese...10 Hongkong.20 Hongkong.10

813

EXCHANGE.

# 832 $91/4

| T/T. Marks

Demand Germany...Nom. D/D. Franenranna On Haiphong ... On Saigon On Bangkok....

Buying.

4 m/s. L/O

4 m/s, D/P...............

6 m/s. L/Ce

30d/s.S'ney &M,

.83

1/11 1/4 ..1/11 3/8 .111 5/8

1111/2

| 30 d/s,San Fcc&N.Y.

me. Marks...

4 m/s. Francs

6 m/s. du

Gold Leaf por taol... $57.40

Sovereign *****

BarSilver. Feldy

forward

Bank of England rate-

10.40 Nom3,

Opium Quotations.

Malwa, Now.

July 17

$8,300 per pi

Malwa, Old..... 8,900

#

Patna, New......... 9,335 per she

Patna, Old............ 9,100° Benares, New

****** 9,050

Benares, Old......... 8,825

TO-DAY'S SHARE REPORT.

S-SELLERS

Stocks & Fain'US VALOR.

BANKS.

|Hongkong & S'hai $125

BA-SALES B-BUYERS K-NOMINAL

CLOSING QTION.

$852) Nominal

MARINE INSURANCES, -

i

Cantons

North China

$50 3176 £5 T148

Angles at Nagasaki

New hung

New York

annum.

Okaks

For 6 months, 3 per cent

Unione

$100 $795

pe

Ryona (Par

Arthur)

annum.

Shanthid

Tiahling

Tientsin

Tokyo

Los Angelos

Triaga

Pakis

San Francisca.

Interest Allowed on Current Account, Deposits received far fxed periods, at rates to be? alsed on application.

EISHIONO, Manager, Hongkong, 6th April, 1913. [18]

THE OHARTERED BANK OF

INDIA, AUSTRALIA AND.

CHINA...

Incorporated by Royal Charter 1853.

otherwise prescribed or deter- HEAD OFFICE.-LONDON. mined as aforesaid o Cen-Paid-up, Capital

£1,200,000

of k

month of February in every Reserve Liability oral Meeting shall be held in the Reserve Fund............£1,800,000 year."

ARTICLE 77.—" The General Meetings mentioned in the last preceding Articlo shall be called Ordinary Meetings."..

ARTICLE

78" All

Proprietors £1,200,000

FOREIGN EXCHANGE and General Banking business trans- Factod

other CURRENT ACCOUNTS open- "General Meetings shall be ed and FIXED DEPOSITS re- Extraordinary Meet-ceived for 1 year or shorter periods at rates which will be quoted on application.

* called inga,

(e) That Article 90

altered by inserting anb adopting after the wade "holding" in line frd. thereof the words "ve representing by proxyor and by striking out a' the end of the said Article the words "present in person."

(f) Tust the following

Wm, DICKSON,

Hongkong, 11th April, 1912.

wolds be added to Article THE 94: The Court may

"from time to time pay "to

the Shareholders

"such interim dividends

44

an appear to be just-

NOTICES

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

For 12 months, 4 per cent per Yangtazes

ennum;

A. G. STEPHEN. Acting Chief Manager.

HONGKONG SAVINGS BANK

THE Business of the above

Bank is conducted by the HONGKONG AND SHANGHAI BANKING CORPORATION.

Rules may be obtained on ap plication.

£50 $194

FIRE INSURANCES; China Fires.

$20 $155 Hongkong Fires. $50 $98

SHIPPING. China & Maniles

$25 (38)

| Donglas Steamship $50 $31

Steamboats

$15 $2756 Indo-Chinas

(Preferred) (Deforred)

25 $56

180/-

£11

"Shell" Transports £1

"Star Ferry" {$10 $46

REFINERIES

Luzon SugarB

MINING

狂

$100 $28

INTEREST on deposits in al- lowed on the minimum monthly balances at $34 per cent. per an-China Bugara $100 (877) num.

Depositors may transfer at their option balances of $100 or more to the Hongkong and Shanghai Chinese Engineerings £137/6 Bank to be placed on FIXED DEPOSIT at 4

per cent, per Tronche

21. 26/3 Raubs

£1 $3 For the Hongkong and Shang. DOCKS, WILARVES, GODOWNE

Kowloon Wharfs : $50 $85) hai Banking Corporation,

H.K. &W'poa Docks $50 $63 Shanghal Docks T. 100 T. 55 Acting Chief Manager. Hongkew Wharfe T. 100 T. 91,

annum,

A. G. STEPHEN,

LANDS, HOTELS & BUILDING B

Angle French Lands T.100 T.94 EUTSCH ASIATISCHE H'kong Central E'tes $100 6103

Manager DE

CHINA PROVIDENT LOAN AND MORTGAGE

CO., LTD.

"ified by the position of (Capital Paid up...$1,250,000.).

the Comme.”

(g) That t tollowing

words be struck out of Loans on Mortgage of House Pro-| the first three and a half

perty, &c. lines of Article 174. Goods received on Storage. namely, the words "Half- Advances made on Merchandise:

year ending the 30th Loans made on the Providert June and the 31st.

BANK.

Capital Fully.

Paid-up...8h, Taeis 7,500,000 Head Office-Shanghai Board of Directors-Berlin. Branches: Berlin Caloutta Canton Hamburg Hankow Kobe Peking Singapore Tientsin Tainanfu Tsingtan Yokohama.

+

Hongkong Hotels $50 $128 Hongkong Lands $100 - $116

Humphreys Estates $10 871 Kowloon Lends $30 $44 Shanghai Landa T. 30 T. 92

West Point:

$50 971 Manila M'pole Hotel P.10 (P. 8

¡T. 137

COTTON MILLS;

T. 50

T, 123

T. 84

T. 124

LONDON BANKERS:

Ежов Mesare. N. M. Rothschil & Sons. The Union of London and Smith's Shanghai Cottons

Bank, Limited. Deutsche Bank (Berlin), London Laon Kung Mow

Agenov. Direction der Disconto Gesell Kung Yik

schaft.

Hongkong Cottons $10.

$714 MISCELLANEOUS. Dresdner Bank.

$11 INTEREST allowed on Current China-Borneos $12 System.

Account, DEPOSITS received Light and Powers $101 $4.90

Do. (Spec. shares)#1) plication).

on application. Every description China Providents $10 "The Office of TRUSTEE,

of Banking and Exchange busi-Dairy Farme EXECUTOR OFness transacted.

Green Islands WILLS," ATTORNEY, &c., Undertaken and Executed.

F

"December, shall make a (Rates and Particulars on apon terms which may be learned

general Half-Yearly." and that the following words be adopted and substituted therefor – "Year ending the 31st dey of December shall

make a General."

(h) That the word "Half"

bo struck out of the 18th

SHEWAN, TOMES & Co. Hongkong, 9th Oct., 1911.

General Managers,

line of Article 174 and Hongkong, 19th Marob, 1908

also out of the 6th line

of Article 177,

(i) That the word "twice" PEAK TRAMWAY CO

and the words "the 30th day of Jure and 4

for which any person may have !" rendered himself liebe to the lands, houses and other real Company, and to hold such

and personal properly respec- tively for such reasonable time as may be nece sary for selling and disposing of and converting "the same into money." and the substitution ther-for of the s.s. " TINGSANG". (Wrecked) }" following words:" To take, HIPPERS and Underwriters or deal with any security now ac. ept, enforce, release, reálise, interested in the cargo of held or which may hereafter be this stoamor are requested to "held by the Company, for any communicate with the Under-monies owing or to become "signed within three months from owing to the Company, or for dato.

any liabilition incurred or to be. incurrd towards or by tho Should the Second Resolution Company by way of mortgage, ito passed by the required ma- pledge, hypothecation, depositurity, it will be submitted fork or otherwise howsoever of every contrmation as a special Resolu

tion to a Becond Extraordinary "kind of property or rights."

SH

GILMAN & Co.

Lloyd's Agents NOTICE

TO PARENTS. ST. JOSEPH'S COLLEGE, MACAO. BOARD, Lodging & Education at most moderate terme. Portuguese, Chinese, French, etc. Complete commercial course in English, Opens lat. September. Apply RECTOR.

be struck out of lines" and 5 of Article 176 and that the word," once" be adopted and substituted for the word "twice" in the fourth line thereof. (j) 1hat the words or the Ordinary Half-Yearly" aud the words "as the case may be "be struck out of lines 10 and 11 of Article 177.

(2) That the Deed of Settlement Meeting which will be sub-

of the Company be altered in sequently convened manner following:-

(a) That t'e foll wing words

By Order of the Court of Directors.

be struck out of lines two. MILANG, STEPHEN,

and three of Articles 56

Acting Chief Manager namely, the words "for not Hongkong 21ất July, 1913.

LIMITED.

TIME TABLA.

WEEK DAYS.

7.00

Boom, Evany s Mix, M. BƏ 1.00 430, to 10.00 ADE,* 13.00 AM, 32 11:00 AM 12.30 AM, O 10.45 120 TR:45 7.30, La-

*

JS MIN

19 Mr.

To Mu

TA MINA

"

no Many

Me

10 Mini

TAS RM 15 15. to. GIS FAL, 20

6.35 7.30 -1,00 234 *

3:00 8,1 to 1.to ...

;

NIGHT CARS

8.50 Pixi and ZIMĄ VISO 736.

I DO FIX very kell hote

12,00 8,M. 30 11,43 8.56

every quaftar of an hour.

SUNDAYS

7.65 A to 10.30 4. Evaxy 15. Min. 10:30 AM to 15,00 M

30 M HARAK, 20. Now

acto 100 Fali

To

1.00 1.3 to

14

to Man

as Mate

TO MIX doo jati to 100_726, te 35 MINA

Si no Mine NIGHT CARS an' on Week Days

SAMOKATURDAYSEL TUN

Extra Carlat: to nkläfght.

SPECIAL CARI By,'ARTU JURAIs atžba Com

AJunaiden » Building) Des Voeux Road

LAST DIVIDED AND PAIN.

£2 &5/- b. at ex 1/11 9/16) equal to 1923.29 for 34 year ending 31/12/13:

Final of $3 a/c 1912, In-

terim of $18, a/c 1913 Final of 10 pc, making

20 p.o. for 1912 Final of $20 making $50】 for 1912 and Interim of $30 for 1913 Final of $12mak. $15 for

1913&Int.of$3 for 1913/

$10 for 1912. $27 for 1912

$1 for 1906

وم

$2.50 for year end g 30'6'13 Final of t for half

year ending 31IZTJ)

%% Interim afe year 1913 on preferred shares

(Final of 5) making

7/- for 1913 Eoupon. 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

Interim of 5% Coupon No,

3 account of year end- ing 10.6.14.

Int. of 1/6 mak. 8/6 u/c, 1913

1/2 for 1909

$3.50 for year 1913

$3 for 1913

Tls. 3.for 1912

Interim of Tls 3 for 1913-

Tls. 6 29'2'10: First year

$7 on old shares, $3.50)

on new shares for year 31'12'13

$314 for 14 year ending 30.6.14

50 cents for 1913 $2.80 for 1913

Interim of 5 p.c. for ***** year ending 30°6′13 $200 Į". for 4 year ending l 30.6 14

15 per cent. for 1910 Tls, 15 for year ending

311013

Tis, 10 for yERZ- OBD-

ing 30'6:13.

T.12 for year end'g31*12 12

Tis. 11for yearer ing

30′1119

50 cents 317.08

$1.30 for year and g. 31*7*13 40 cents for 1911 $1.80 per share for 1913 Interim of $2 s/c 1914

$2 for 1913

$1.20 for 1913

$81

[2

Hongkong Electrics $10 $43

$25 MAX GUTSCHKE Hongkong Icen

Manager.

Hongkong Ropen $10 $25 Langkata

$6 $38 $10

70 cents.for.1918

$6.60

$215

8 10 T. 48

#

THE MERCANTILE BANK OF

$10 $10 INDIA, LIMITED, she

90 cts. Authorised Capital

Do. "(new), $1 £1,500,000 Subscribed

1,125,000 Hongkong Electric Trams

11/6 562,500

Morning Post

$25 $29

S.

Peak Tramway

$10

Paid Up Reserve Fund....

465,000 Philippines

BANKERS: H Bank of England. - London-Joint Stook Baur, Limited.

H. Price & Co., La. $10 $6.

Pro Societe desferred

$20 Pulpeset . $50 Papeteries paid he du Tonkin up $50 Benefit

$200

Evéry description of Exchange business transacted,

Shanghai-Sumatras T. 20 T-150 Interest allowed on Current Ao- Steam Laundry

£5 $5 counts at 2 per cent per annum United Asbestos on Dally Balance and on Fixed

Oriental Agency, $10 b. Deposits at rates which may be L ascertained on application.

United Asbestos A. R. LINTON Founders Shares 10 Managers Union Waterboat $20

Weismann, Ltd. $10

THE ALEXANDRA CATE Watson Cannot be Beaten, if Equalled. William Powell, Eld. For Bread, Cakes, Confectionery and meals with Wines & Liquor.

($300

$18

Interim of TIE. 1 maks ting Tis. 2 nje. 1919 Моде

80 cents on fully paidy shares and 8 cents on $1 paid shares for your ending 30.4.14

Final of 6d. making Vid.}'

par share for 1913.

None

$1.50 for 1910

None

No dividend this year 35 eta, for year end g 91.5.14

(20 per cent per ordinary,

share for year ended 81*3*1912

$1.25 per share for year?

onding 31721915""

25 per cent. for year

@ending 317′11′′,

70 centa for 1913

50 cta. yearending $.80.13 WINGHT AND HORNBY, Bernard

General Banker Des Véner Road Cential. Taliaddress practitadiga agra

Stanit, responsible format of 10 alon