1915-04-20 — Page 11

Hongkong Telegraph 港電新報士蔑新聞 All

Commercial

The Meaning of "Bank."

More than once we have pre- tested in the interests of the public, the investor, and the ordinary bank, says the Economist, sgainst the use of the word

back" by persons who are cot carrying on a bona file baking bosiceas. A particularly flagrant and dangerous instance of this abuse was disclosed by a DAFO "tried in the High Court in London, recently. The case was an action for libel against the Financial World, brought by a Mr. Todd, The plaintiff, according to his counsel's opening statement. had been "hammered" on the S'ock Exchange, and then, alter carry- ing on various businesses in the Oily, was made bankrupt in 1905. His discharge was suspended for two

because, a . Mr.

Bristow, K.C. put it, his assets were not equal to 10 in the This is certainly true, since it transpired in oras, examination that's first and fiusi dividend of 2; 1. wa- paid. Fin- ally, in 1913, Bir. Tadd "ror) ceived the idea of starting a bank: for tradera who could only open accounts with small eams of maney-1.0, the John Bali Bank and he deposited "aecuri- ties to the extent of over £20,000 with a well-known bruk." Under cross examination, it appeared that Mr. Todd registered himself .18 & moneylender four days after

bis discharge, relinquished' that registration at midnight on June 30, and the following day carried on business as a bank. Oily a small part of the £20,000 belong- ed to Mr. To id, the rest being the property of, his wife and children. He denied being o moneylender; bathis" bank "lent

money at the rate of 28. par day per $100, on unsecured loans, which worke out at 30 per cent. per annum, and sometimes the "bank" charged 50 per cent. for discounting cheques. The jury found a verdict for the Financial World, and Mr. Justice Darling spoke sharply about the misuse of the term "bank," and the care- lessness of Parliament.

The

Legislature, he said, had very properly interfered with money. lenders in a great many ways, 'und now it ought to interfere again, and say that people "should noi be allowed" to call themselves banks without possessing such qualifications, as were understood to apply to joint-stock banks." At present the law permits anyone to call himself a "bank,"open an office, lend money, and money on deposit,

1ake

The "Cotton Trade.

Mid-American prices are mor ing up gradually, the latest New York quotation being 9.80 cents May and 10.40 centa October. The latest Liverpool quotation is 5.40d. May-June and 5 84d, April-May 1916, Cotton in Bom- bay is also firm, the recovery according to the latest reporte being as much as 80 per cent. more than the lowest recenti quotation. In sympathy with the general rise in values, local cotton prices have also moved up. Practically nothing is doing in all the yarn markete. Very little change is reported in the piece goods trade. At the auctions quantities were slightly reduced, and prices on the whole were on a higher level than last week.

Philippine Sugar. Growers ask for Government Aid.

Iloilo, April 6.-The assistance of the press is urged by local

to induce businessmen

the

governor general to take im- mediate steps for the relief of the sugar situation. Sagar valued at many millions of pesos is at stake. One hundred thousand picals are now on the haciendas of the auger district and all the store- houses aro crowded. It is useless to apply to the agricultural bank, and unless immediate relief in ex- tended enormous losses will sure- ly be entailed. Locally, only limited assistance can be given, Hesitation or "procrastination in extending aid to the sugar growers will mean a great loan to the country, The Iloilo board of trade is actively urging the government to help out in the situation. Manila Bulleting

Banks..

H'kong& S'hai Banking Corp.

Marine Insurances. Canton Insurance Office, Ld.370 North China Ins. Co., Ld. ...t.180

Union Ine. Society of C'ion,El.$910

THE HONGKONG TELEGRAPH," TUESDAY, APRIL 20, 1915.

REPORT.

COMPARATIVE SHARE QUOTATIONS.

5.—SELLERS, FA-SALES 1.-BUYERS

N-NOMINAL

STOCK.

To-day'

Number Closing of

Shares Prices

Par Paid Valuo Up:

1914.

Highest

1914.

-Lowest

1915.

1915. Highost, Lowest. 9th Apr. 9th Apr.

Last Dividende

and Date

now

Dow

BANKS

INTERNATIONAL BANKING HO

CORPORATION...

HEAD OFFICE:

60, Wall Street, New York. LONDON OFFICE: 36, Bishopsgato, E.C.

BRANCHES →

BOMBAY, LONDON.

CALCUTTA. MANILA.

|CANTON. .. PANAMA.

CEBU.

PEKING.

COLON. SAN FRANCISCO. HANKOW, SHANGHAL HONGKONG. SINGAPORE. KOBE YOKOHAMA

CAPITAL PAID-UP $3,250 000. RESERVE FUNDS...... 4,060,000)

(U.S. Gold) 97.310,000 All kinds of FOREIGN & [LOCAL BANKING BUSINESS

transacted.

CURRENT ACCOUNTS open- éd and ·FIXED DEPOSITS received at rates to be ascertain- ed on application.

N. S."MARSHALL,

Manager. Hongkong, 22nd Oct. 1914

YOKOHA

THE

LIMITED

BANKS

ONGKONG & SHANGHAI BANKING CORPORA.

TON,

Paid-up Capital ....... $15,000,000

RESERVE FUNDS:

Sterling

£1,500,000 at 2/4"

#15,000,000 Bilver...$18,000,000

€33,000,000

Reserve Liability of

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

COURT OF DIRECTORS. Hon. Mr. D. Landale-Chairman,” W. J. Pattonden, Esq. Deputy

Chairman.

S. H. Dodwell Esq. G. T. M. Edkins, Esq. O, S. Gubbay, Esq.

P. H. Holyoak, Beg.

J. A. Flummer, Esq Hon, Mr. E: Shelling.

CHIEF MANAGER Hongkong-N. J. Statho

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

VOKOHAMA SPECIE BANK Hongkong-Interest Allowed:

On Current Account at the rats of 2 per cent per annum on the daily balance.

$800

£76/-/

120.000 $125

all

855 July. 700 Oct.

800

£2:31 & 5/- bonus at ex 1/91

equal to $27,27 for 4 year ending 31/12/14-

10,000 $250 50

10,000 £15 £5

350 Dec. 305 Oot.

145 May 133 Jan.

370

365

18)

175

JFinal' of $3 a/c 1912. Interim

of $18 al 1913. (Final of 12 p.o, making 25

p.o. for 1913

12,400 $250 100 847) April 700 (Ost. $910

$910

[Final of $20. making $50 for

1912 and Interim of $30 for. 1913

12 000 $100 - GO

2:0 April 19214 Jan.

224

221

J Final of $15,mak. $18 for 19.3

& Int. of $3 for 1914

..$130 ...$380

20,000 $'00 20 8,000 $250 50

160 395

July 140 Oct.

130

$9 for 1913

Feb. 368

April

380

$27 for 1913

30,000 $25 all 10 Jan. 534. Dec. 514

all 36 20,000 $30

Mar. 2716 Nov. ..36

Dec. 80,000 $15 all 2014 Jan. 22

$1 for 1906

$3 for year ending 30'6*14

2212

221

60,000 60,000

a. 3,797,610 £1:

£5 }

all

79 Jan.

all

106/-"Fub. 70/-

Sept. 96

Sept. -91/6

.91/6

...$36.

9.40,000 $10

all

Mar.

40.

Nov. 36

.36.

ferred shares & 5% on de-. ferred shares for year 1913 Interim of 1 a/c 19140. No, 23-

$1.70 per share and bonus of 30 cents per eharo for year ending 30*4*14

Head Office.-YOKOHAMA,

Branches

Agencies at Sazonal

Newchwang

New York

20,000 $100 all 7,000 $100 all

96)

Feh

Jan.

70 Nov. *112 17 Dec. 28

112

$3 for 1912

$3 for 1897

Kailan Mining Admin'tion. 33/6 Rauh Australian Gold, Min-

$31 ing Co., Ld...

.32/6 Tronoh Mines Ltd.

s.1,000,000 £1

200 600 £1 160,000 £1

all

4U-

Feb. 33/6 Dec.

35/-

33/6

all 3.10 all

Jan.

314

JFinal of 40 cts, making 90 cts 1. for year ending 3'12-14 (Final of 3% m'king 6% on pre-

. ON FIXED DEPOSITS. For 3 months, 24 per cent per

Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital ·30,000,000 Reserve Fund .............. 19,600,000 For 6 months. 3 per cent per

Antung-Hsian

Boobay Calcutta

Changchun

Dairen Fengin

Harbin

Haukow

Honolulu Kobe

Ling-Yang

London

Lynus

Tsingtan

YAN

Qrak

Fakin.

Rysian (Port Arthur) San Francisco Shanghai

Timsin

Zlothing

Tokyo

Lo Angela

Tilta

annum.

onnum.

For 12 months, 4 per cent. per

annum,

N. J. STABE,

Chief Manager.

HONGKONG SAVINGS BANK

Yangtsze Ins. Assoc. Ld. ...... $224

.. Fire Insurances, Caina Fire Ins. Co., Ld. H'kong Fire Ins. Co.. Ld.

Shipplar. China & Manila S.S. Co., Ld$514. Douglas Steamship Co.. Ld. $361 Hongkong, C. & M,S.S. Co., Ld 2244

Indo-Chinn Steam Navigation g6

Shellport & Trading Co.. Ld.91/6

Star Ferry Company, Ld.

Refineries.". China Sugar Refining Co., Ld.S112 Luzon Sugar Refining Co.,Ld.$28.

Miolog,

Docks, Wharves and

Godowns &c. H'kong & K.W. &G. Co., Îd. #66 H'kong & Wipes D. Co.. Ld. ...$57 .GlaiDack) Eng.Co.Id: 53 S'hai & 'kew W. Co., Ld.....85

lands. Hotels and Buildings. Anglo French Lands....1.94 H'kong Hotel Co., Ld."......$118

....

H'kong Lond Investment Co.$110 H'phreys Estate & F. Co., Ld. $7 K'loonLand&Building Co., Ld $40

.1.101 Shanghai Lands

31 1.90' Nov. 39/- Feb. 19/6 Nov 32/6

5698

€0,000 $50

all

Jan.

50,000 $50

all

77.

73 Jon. 53

Nov: Oct. 57)

€6

$3.50 for year 1914 `--

$3 dividend for your 1914

THE

56,790 t, 100-all

July

36,000 t. 100 all

109

50. Jon. 82 Dee.

Dec. 53

Tis.5 for 1913.

Ta. 5 for 1914

13,000 t,100 1,10

Tls. 64 for year ending 29.2.14

20,000 $50 50

128

July

120 Dec.

118

118.

($2.50 for half year ending 1-3112-14

West Point. Building Co., Ld. 8681 H'kong Central Estates.....495

50,000-$100 all 13734 July 150,000 $10

Jan. all 94 6,000 $50 10 451

Jan. 44 Feb.

all 78,00 1:50

98-

19,500 $30 all 73 10,000 $100 all

08 Fov. 7 "Nov.

130

110

$3 for year ending 31'12'14

45 cents for year 1914

$3 for 1914

Dec. 89

June 66

Oct. 101

101

Feb. 68).

68)

$2.25 for half year ending 31.12.14 $4.09 for 7 months ending 31.12,14

Cotton Mills.

Ewa Cotton $, & W. Cá, Là, t136. 1.

Heng) ong Cotion Co.

.$61.

Kung Yik......

1234

Laou Kung Mow

*.5

Shanghai Cottone

1.91

b.l

20,500 1.00 all 323.000 $10 all 75,00 4.10 all 800 t.100 all 40,000 t.50 all

138. July 125" 834 Mar, 7 14

11 Jan, 110. Feb. .70 135 Fer. 70

May 136 June 634

135

634

Tls. 12 for year ending 31'10'14 50 centa 31'7'08

Mar. 126

1216

May

Nov.

£5 91

881

Miscellaneous.

China Porneo Company, Ld. $11 China Light & Power Co.,

Ed, 24]. Do. Spec. sbarce) ........ China Port, L. & M. Co., Ld. 734 Fairy Farm Company, Id....$34 Green Island Cement Co. Ld....6 Hongkong Electric Co., Ld....$41 Hongkong Ice Co. Ld..........$184 HongkongRope Mfg. Co.,Ld....$16) . b. Hongkong Tramway Co., Ld. 5.05

Langkats

..............

€0,000 $ie all 12 May 10 Dec. 11

ི་༥

.. - . . . ל

1,125,000 562,500 500,000

Final of 5% Coupon No. 4.

making 10% for year end. ing 30/6/14

1/2 for 1909

32/61/- mak. 7/6 &/c. 1913-

Final of 6 p.c. making 12 po.

for 1914

Tls. 1.20 for year ending 301114 Tls. 12 for 1913

Div. Tls. 6. Bonus Tis. 4. Extra Bonus Tls.1,year end'g 30'6*14.

$1.20 for 1913-

6% for year ending 28 ̊,2.06

Final of 36 mak dg $8 for 1914: Final of $1 making $2 for 1914

2 Final div. of 6d. making 7d

per share for 1913

Interim of T. 1 making T. 2,

ajo 1913

80 cta. on fully paid shares and

$1.00, per share for year end-

(50 cts. on old shares and 25 ets. on new year shares for year ending 30.6.14

$1. Interim afc year 31.8.14

Interest Allowed on Current AccounĖ,

* Deponia received for, fxed periods at rates to be abidined on application.

EISHI ONO, Manager. Hongkong, 15th March, 1915.

NOTICES.

CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

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

System.

THE Business or the above

Bank is conducted by the. HONGKONG AND SHANGHAI BANKING ... CORPORATION Rules may be obtained on sp- plication.

(Rates and Particulars on ap-:

plication).

The Office of TRUSTEE, EXECUTOR

WILLS, ATTORNEY, &o:, Undertaken and Executed.

SHEWAN, TOMES & Co. General Managers.

Hongkong, 19th March, 1908

PEAKTRAMWAY 00.

LIMITED.

1.00 AM, to

WELK DAYS..

8.00 am, Evan ig Man.

1.00 £54, to

10,00 +. 10.00 AM to 25.00 A-K

11.30 A›k, lo

al 10 Mar.

xo Mtw

NIGHT CARS, 1.96 pt and FM 9:30 PM to 11.00 rik] every bail bonis 11.00 to 12-15 2.3. avery quarter of an hour, SUNDAYS.

7.41 £20 to 10.30 am. Every 19 Mimi 20130 .. to 1,00 AM

13.00 Noor

SATURDAYS

Extra Car I * midolgbt. SPECIAL CARS

By, Arrangement at the Company's Office,

Alumidra Bulidinge, De Voeux Road

SINGON & CO.

HOME CON

Established A. D. 1880,

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

Depositors may transfer.at thoir. option balances of $100 or more to the Hongkong and Shanghai Bank to be placed on FIXED DEPOSIT at 4 per cent, per

annum.

For the Hongkong and Shang- hai Banking Corporation.

N.J. STARE

Chief Marage,

THE MERCANTILE BANK OF INDIA, LIMITED

Authorised Capital ......£1,500,000 Subscribed Paid Up Reserve Fund

BANKERS Bank of England.”. London Joint Stock Bant, Limited,

Every description of Exchange business transacted,

Interest allowed on Current Ac counts at 2 par cent per annum on Daily Balance and on Fixed Deposits at rates which may be ascertained on application.

A. R. LINTON 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...£1,800,000. Reserve Liability of

Proprietors....... £1,200,000

General Banking business trans- FOREIGN EXCHANGE and Botod,

RON STEEL, METAL and HÄRD. WARE MERCHANTS. Wholesale and Retail Ironmongers, Pig Iron and Foundry Coko Importers. General Store- keepers and Shipchandlers, Nos. 35 and 37, Hing Loong Strest, (2nd Street wested and FIXED, DEPOSITS re- ceived for 1 year or shorter periods at rates which will be quoted on

of Central Market) Terben No. 515

CURRENT ACCOUNTS open-

From MONDAY, the 12th Inst. application.

LADIES!

Wm. DICKSON.

Manager. Hongkong, 11th April, 1912. 2

None

$0,000 $5 50,000 $1

b 1500 $10

b. 40000 7

40040 $10

13 July 7-

28 ..t.37} | b.) 250,000 g/10 all 64% Mar.

all 4.80 July 4 all all

Jan. 7 6 39

June all 6.90 Jan. b0,000-$10 all 49 Jon. 36 Nov. 40

D/CD $25 all

174 Dec. 184 21716 July 50,000 $10 all 25 June 22 Apr.

264 b.). 325,000 5/- all

Feb. 5,10

Dec. 3736 36

April 44

Nov.

70 cte. for 1914

Aug. 34

$1.50 for year ending 31'7'34

Dec,

614

50 cts. for 1914.

$1.80 per share for 1913

184

.$5

all

...$5

$20

all

25,000 $10 all 103% Jan. 94 June 5,000 $10 $1. 93 cle. Jan. 75 cts. Dec. 75,000 $10 12;000 $10 13,200, $50

8 cts. on paid shares for year ending 30.4.14 -

$1.50 for 1910.

.20 --

None

8. C. Morning Port

20,000 $5 all 5.00 June 4 27.723/$10 all 224 Feb. 17 90,000 $10 all | 8}||| April | 6,90

Dec. 7

21.000 $7 al 1936 Jan. 616 Dec. 64

6.01 $25 nll-30 Juro 92** Dec. 29

Nov.

334

35 cts. for year ending 31574

Jan. 17

ing 31,12,1914

70 ats, for 1913

614

WRIGHT & HORNBY,

Share and Ceneral Brokers

6. Des Vœux Road Central: Tel. address, Rectitude. CORRECTED TO NOON, APRIL, 20, 1915,

Peak Tramway Co., Ld. (Old) $10.

(New) $1 Philippines Ld..... H. Price & Co., Id Societe des Fulpes et Papier-) teries du Tonkin......... Steam Laundry Co., Ld." ......$334 Union Water-boat Co., Ld.......$17 Watson and Co., Ld..........................$7

William Powell, Limited......$636 s.

..............$29

111

THE TELEGRAPH DOES NOT HOLD ITSELF RESPONSIBLE FOR ANY OF THE ABOVE QUOTATION.

Selling.

T/T

Demand

30 d/s

1934 ....1/9 13/1€ .1/97%

1/9 15/16.

Cod/s... 4.0/8...

T/T Shanghai.....78 Private 30 d'a sight? T/T Singapore......................77 7/8. T/T Japan .. ...89 1/4 T/T India ..........136 1/2

(Demand India ......18634

T/T Bombay

Demand Bombay „1361 T/T Calcutta

Demand Caleutta 1361- Demand Manila 89.1/4 T/T San F'co & N.Y.4356 Demand, New York 434: T/T Java......1103% TT Marks.Nom. Demand Germany

EXCHANGE.

T/T.Franca...... 2.30 Demand Paris-2,30 On Haiphong...74% premi On Saigon...mit. 7 On Bangkok] 85

Buying.

4 me. L/C........1/10 1/2 4 m/s. D/P................... 1/1056- 6 m/s, L/C

1/1076

30.d/a. B'ney & M. 1/10

30 da. Ben I có t N.1.15 1/8

4 m/s. Marke... Nom

4 m/s.France........12:41:

15 Max

$1.45 TJ,

15 MIN

The 20 MIN.

15 MIN.

45 PM to

9.35 PM. to

5.30 7:34

...ag Max.

5.00 M

1:00 PM, 10 6.00 PM

મ

J 1 s

NIGH

1.00 7.M) to

6.00 PM to 7.00 7,

F100 E. to 5.10 P.M.

Y zo Map, CARS on Week Days

I am

10 Km.

20th April.

Up-to-date Ready-Made

6 mole, Francs...2.46. Gold Leaf per tabl$58,90- Sovereign 810.80 hom Bar Silver, ready...23 3/4

forward

SUBSIDIARY COINS. Discount per $100 Chinese...20 cts. pieces $164 Chinese...10

$175% Hongkong.20 dts, pieces $124 Hougtong.10,

$12

BLOUSES

CLEARANCE SALE Malwa, New...

OBIUM

QUOTATIONS.

Feb. 25 $9.300 per p

9.200

9,825 perche.

Malwa, Old Patna, Now

FOR ONE WEEK ONLY

Patna, Old... Benares, New Benares, Old

9,200

KOMOR & KOMOR

Des Voeux Road,

Alexandra Building. Hongkong, 10th April 1915

9.050 8,950

THE ALEXANDRA CAFE Cannot be Beaten, if Equalled. Tor Bread Cakes, Confectionery and meals with Wines & Liquors.

1915-04-20 — Page 11

Comments

Private Research Note