1916-03-22 — Page 9

COMMERCIAL,

Borneo Rubber..

215,825 The of plantation rubber were abipped from British North Borneo daring January, 1916

Encouragement of Cotton Industry in China.

For the encouragement of the cotton industry in the country. it is reported, the President has determined to convert his private

Tobacco in the Philppines.

ENGLAND A FREE

MARKET FOR GOLD.

Masterly Review of the

Financial Situation.

THE HONGKONG TELEGRAPH, WEDNESDAY, MARCH 22, 1916.

too premature: în drawing com- clusions.

"While on the one hand it may betoken an exhaustion of German securities, yet on the other hand the situation might be rectified to some extent if the gold were permitted to be arported.

ROLL OF HONOUR.

Far Eastera Men Killed in Action.

HONGKONG SHARE REPORT.

S-SELLERS; SA-BATI; A-

BUYERS; N-NOMINAL

OFFICIAL PRICES.

Banks.

"Of the two arils, either a fall

Lient Norman Lancaster Welle, | * in the exchange or a loss of gold, If, on the conclusion of this the German Finance Minister Loyal North Lancs. Regh, whose Banks

[death is reposted, was born. Hay war, we are still a free market prefers the former, and keeps his 17, 1858, and educated at Elleray for gold, we shall have scored a gold. He has some good reasFark School, Wallasey, Shrews- Cantona financial triumph as important to for keeping the gold, and it

bary School (Classical side), and North Chinas that when this country, as a great victory in may be

perce

Caius College, Cambridge, gradu- Unions is restored, he will begin to This statement was made by import commodities as quickly as ating in 1900. He took part in Tangtres Sir Edward H. Holden, Bart., in possible, and as he will not be the school boat races, and played

Docks, New Shai Docks

મ

36,-

RANKS

BANK OF CANTON TWISTED

HEAD OFFICE HONGKONG

*

FOREIGN EXCHANGE and General Banking Business Trans- acted

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- eeived.

INTEREST ON FIXED DEPOSITS:

For 3 Months 8% per annumES

For 6 Months 47% per annum

For 12 Months 4% per annum

"LOOK POON SHAN,

Chief Manager.

NOTICES

PROVIDENT

THE CHINA

LOAN AND MORTGAGE CO. LTD.

(Capital Paid up...$1,250,000.)

Les Mortgage of House Property, di Laconi-received on Storage Adrasons mais en Merchandise Loans made on be Provider: system (Rates and Particulara sa apple_pion)

***The Office ot

TRUSTEE EX TOE OF WILLS. ATTORS EX, A. Cederzaken and Existed

SHEWAN, TUMES & UC- General Managers.

BANKS

HONGKONG & SHANGHAI

"BANKING CORPORA

TWON, Paid-up Capital........................$15,00€,DCÓ RESERVE FUNDS:

Starting

£1,500,000 at 2-

****£15,000,000.. Silver...$18,000,000

$33,000,000 Reserve Liability of

Proprietarsen $15,000,000

COURT OF DIRECTORS.

W. L. Pinesden schaİFORUM

S. IL Duiwe, c. -Deputy chairman

1. M. Falkin B

4. Gömbhav__ 190.

Hon. Mr. P. Haywa

,500, M7, 2. Landale,

Hon Mr. 5. Selam

ÚLORY MANAGER Kangzang--X. J. Sanba, Jug,

MASAGEX Shanghaimma, 6. Stephen, Esc.

County and Westminster, Límatud,

Loodus Bankerm London

Hongkong-Larsrust Alowed:

On Current sum on the caity balasen

ON FIXED DEPOSITS For 3 mid per vett par m For 6 months, la per cent per antras For a month, i per coaz. DET ANGLIA.

N. J. STABB.

Chief Manager.

count at the race of 2 per cent per .

| HONGRUNG SAVINGS BANI,

DIY Business of the above Bank is moedacted by the HANGKONG AND-HANGĐẠI BANKIN CORPORATION. Raies may be obtained on appincatkan.. 1.TEREST on deposits is allowed on the min- Louse osuthy balances at ėsi per cent per a

Depositoes may transfer, at their option, Salanom [of čašo or more so the Hongkong and Shanghai Back to be placed on FIXED DEPOSIT at 4 per

cene per

Farm. and Shanghai Banking Carport

N. J. STABB,

$735

215 £71/10/- Marine Insurances.

b

$4921

b.

t180

$3.

$1003

b. $800 ax 70

Fire Insurances.

b.

$3

$167 $420

Shipping.

-$131

5

sa.

S

$1311

9$/6

b

$391

Refinerias.

b.

$148

$45

Mining

Kalass Raubs

Trocoas

Urals

S

H. K. Wharres b. Docks, Old

$71

5.

$19

b.

$117

b.

t ST

7.

+90

Lands, Hotels and Buildings. HK Hotels Anglo F. Lands

9.

$112

t 34

Se

$104

b.

$62

$57

10%

1.00 JAM, TO

300 Event 35 M200

$87

LA MAR

DOM AN ID

TRADU AX-

Н

ty Ma

Paid Up

$92

+ Xxx

Cotton MilIS.

15 Ma

$.

$150

b.

$14

zy Max z K

5.

I. TI

b.

93

5

Miscellaneous.

$102

5.

$1,60

b.

$9.30

b:

$33

b.

$10.20

$45

$180

$39 $5,80 $10

b.

b. cents. 85 1981

E

$

b.

$15

b.

$7.10

b.

Fangtszepoos

a masterly review of the political able to pay for such imports either football for both school and China Fires landed property in Chazgrebiu in situation, at the general meeting with a depreciated currency or college. He was a member of HF. Fires Hapan into a model cotica plan of the shareholders of the Lea with sufficient experts, he will the OTC. He spent the summer tation ground for the beneft” of Ron City and Midland Bank, Lid, pay with his gold and try to re Facation of 1903 in Germany, Douglases

knowledge of the Steamboats the general public, as the land is at the Cannon-street Hotel, EC. store the exchanges until such seqiring a

After Indos (Com) very fertile and in every respect

Recalling that last year he time as he can prepare his image and people. suitable for the growing of the

obtaining his degree, he was Indos (Def) The Ministry of explaine the method of financing ported commodities for export best cotton.

relected from smong many can- Lados (Pret.) **London, as I have before ex- the war in Germany, Sir Ed ward Agriculture and Commerce has

their Ferries Company to represent been icetracted to depule Mr. stated: "I also told you that a plained, has maintained, and will didates by the Asiatic Petroleam Shells

German banker had said that continue to maintain, the position firm in Japan, The director Chen Huso, together with so every mark would be squeezed of being the financial centre of

Sugars of the firm writes of him American cotton expert, to pro- until it sarieked, bat I think we the whole world, but it can only Wells was one of the Lazos osed immediately to the spot for shall presently see that the mark retain that position by being able the purpose. These ro experts has already been so squeezed that to supply guld when goid is poneers in the movement started are now getting the implemente there is not even a squeak left demanded.

some years ago to bring Cam needed from the Agriculture and

is it..

The Bank of England has at bridge men into closer touch with Forestry Training Institution be-l

"Up to the present time" Lon- the present time abou: 50 millions commercial life, and so carry the fore setting out for His Ex-

The Governlamp of caiversity education into dan has been admitted to be the sterling of gold. cellency's native place.

Enancial centre of the whole ment has 28 millions, and the these new fields. N. L Wellis Docks. Wharves. Godowns, éc. world, but it is predicted by come. Join: Stock Banks have a further achieved in his all too short life that after the war we may lose large in, while I believe there something lasting, and something that position. I venture to say is yet in haarding a fair amount, which will hare ita permanent

effect wherever British trade Hew Whores th, in my opinion, we shall not and we are fortunate in having a Laguna, particularly that part only not lose our financial position continuous dow of gold from carries the flag into remote parta

of the world." of the province round. Los Banos, but we shall greatly improve it, South Africa."

Second-Lientenant W. H may soon prove a dangerous rival and our banking institutions will Whilst dealing with the recent to Isabels, in the production of stand much higher in the eatima speecher of Dr. Helferick, the Basland, 10th Durham Light In- Land invest high-grade tobacco leaf, to judge tion of the world than ever before. German Finance Minister, who, fantry, was the eldest son of 'pareys Est. from the successful conclusion of "I would like to express my he said, is a clever banker, and Captain G. Bailand, Tanataze Kloon Lands experiments in the cultivation of conviction that it is abeciately is gifted with the pear of cover pilot, and Mrs. Baland, of Yuen Shai Lands tobacco leaf conducted at the col-essential for us to retain such an ing up his nation's weaknesses by Ming Yoen Road, Shanghai. Test Points

He was educated at Chefoo Centrals lege of agriculture in Les Bans. amount of labourse is necessary to criticising his adversaries, Sir It seems says the Manila Bulletin, maintain cur exports, otherwise Edward stated that it had been College, seams from Shang- that several unsuccessful efforts the exchanges will fall and car reported that clerks in the Belgian hai a year or more before the war was have been made in the past to cul-gold will go.

banks under German control were to learn engineering, principally Kang Yiks tivate bere certain varieties of to- "Notwithstanding the derange-compelled to suffer a deduction bridge building. On the our La Mors bacco that thrive in the United ment of the whole of the exchanges from their salaries of 20 per cent. break of war he waited for his Shai Costons States, but recently the College between different countries, in for investment in the German younger brother to come from of Agriculture officials tried cross-cloding those between this War Loans, and they presumed China so that they could enlist ing broad-leaf Connecticu: tobacco country and other countries, and that the employees in other in together, and in January, 1915, Borneos

suffer they joined the Artists" Rifles. Mr. China Light&P. with the best varieties grown in also of the imports and exports of stitations have had to

W. H. Botland received his com- Providents the province of Isabela, the result all countries, the English bank-similar deductions. being the development of a left note, unlike that of Germany, is As one old hacker to another, mission in the 10th Durham Light Dairy Farms

Infantry in November, 1915. Tae Green Islands which is greatly in demand by payable in geld, and therefore he would like to put some ques colonel and other officers of the HK. Electrice local dealers. The plants thrive prices, although high bers, arations to Dr. Helferich, and if he well in the La Laguna climate, much lower than in Germany. would answer them without his regiment have written referring IK Ice Co...

The sterling has never had customary embroidery they would him as a most untiring and Ropes the local market withon dimenly to carry such a load as at present receive a great deal of enlighten brave officer. Just beforehe was Trams, Low Level b fatally wounded he had been re- Trams, Peak, old b. at PL50 per kilo, sa compared The imports into this country and ment

commended by his commanding Trams, Peak, new with the Isabela leaf, which ordin-into the countries of the Allies, Dr. Helfferich had said that on aily brings about P.60 per kilo. on account of their respective the golden pillars of the British cfficer and thanked by the Langkats Seeds of the new variety of tobacco purchases of war materials, are Empire gleamed in flaming char brigadier general for some good p'pine Tobacco. are now available for free distribu- enormous, and are all additional sciers the words: "Mene, Mene, machinegan work. Mr. Butland Landries tion, and requests for them should to the ordinary commercial tran Tekel, Upaarain." Did he zot was engaged to be married abon: E. Waterboats be addressed to the college actions carried on by tredera. think that Mene, Vene, Tekel, Up-tree months ago. His brother, Watsons officials at Los Banos.

The exchanges which have harein," should rather be written George, bolds a commission in the Wm. Powell's

2nd York and Lancaster Regi Morning Posts given as the most trouble are the on the towering pyramid of paper Dutch and American, and the (the Reichsbans and other notes, troable in both cases has been for, when all those notes have to caused by increased imports. be redeemed, Germany will indeed] Rangoon, February 4-At the

Regarding Government pay-b-"found wanting "7. annual general meeting of the ments for porche-ee made in "I cannot conclude my speech,'

Bespecting the death of Sir Hangcon Trade Association, Mr. America, Sir Edaard said the added Sir Edward, "without Ches. Rivers Wilson, which has W. H. Turner (past president), of payments resulted in the selling making some observations with just taken place, Sir Marcas Megers. Whitesway, Laidlaw and 5f excessive amcunts of sterling regared to the War Longagued Samuel notes that he Co was elected President for the in New York, and as sellers were in this country, and ill may be Government director of the Suez ensuing year. The Eon Mr. F. more pomercos than bavers, the allowed to say so, I scarcely think Canal at the time when the trans Goodiffe, in the course of his pre price of sterling fell and would we have approached this question port of petroleum in balk sidential remarks, dwelt on the have continued to fall had not in the broad and comprehensive through the Suez Canal was Demand steps taken by the Association in cur Government sent out a Com- manner that we might have done sanctioned. Sir Rivers Wilson 30 dis. supporting the sation of the mission for the purpose of obtain "This is a matter in which it is combated the opposition. By this 60 dis. Chamber of Commerce on the ing a lean out of which the vital that we should take not only be greatly contributed to the mis. volunteering question and in purchases could be paid for, with a broad view, bat a long view, subsequent impurt of petrol in TT Shanghai.. assuring the Government that any out having recourse to the sale and I do not hesitate to assert talk from the Dutch Indies, T/T Singapore further sacrifices needed from of sterling

that, in the long run, an infinite-which has done more to sid the T/T Japan would be given. Great credit is due to the ly more important matter even development of motoring in Great members The great value and apprecia American bankers,” he continued, than the amount of interest paid Britain thee could have been at- tion of volunteers by Government for the fair manner in which out sonually by the Exchequer, twined by any other mesra.-L. had been shown. Dealing with they met the Commissioners' is that the resources of the country, and C. Express. the subject of immediate comple- proposals.

as expressed in securities, should

and the leaf itself can be sold in

Rangoon Trades Association.

tion of the liquidation of enemy "When we consider there was be sa liquid as possible, and that trading firms in province arged a thoroughly well-organised move our cauenal credit, as expressed

to.

ment,

The Late Sir C. R. Wilson.

was a

CORRECTED TO NOON MONDAY MAZ

22, 1916. WRICHT & HORNBY, Share and General Brokers 6. Des Voeux Road Central, Tel, address, Rectituce,

EXCHANGE.

SELLING.

T/T India

-1/11 11/16

1/14 1/11 13/16 1/11 15/16

21-

72 16

93

1464 147

Demand, India T/T San Francisco

& New York... 47 TT Java vasversus-

112 T/T Marks -won

Nom. T/T Francs... 2.81

2.81 16. Demand, Paris

BUYING. 4m's L/C

2/- 7/16 4'm's D/Primer (2)- 9/16- 6. L/C 2/- 11/16 30 ds. Sydney and

Melbourne 2/- 11/16 30 d/s San Francis-

co & New York. 4874

Nom. 4 m/s. Marks

NOTICE TRAMWAT JO.

PEAR LIMITED

TIME TABLE.

He wilde

I'

-

W

545. 20. 20

Do 7.3 to Jane M.

NIGHT CARS Agar and a na ono na t

72.30 1931 wwry belt bou

12.00 13. 10 Th×3 2.3» -

every GRATkur ei an hou

SI'NDAYS

20 20.30 AM. Evgar 25 M1%

1,00 AM,

11.30 AM, ta

No

HOME CORE ON MOON COVER

2:00 THE DO

$.00 338. 15 8,00 PM to

TIDO PE, IN

5:00 art

Son 2.2

130 73

•

IS MIM

10 Mam

ཅ

Max.

14 Ma

NIGHT CARS us on Week Days.

SAJERDAYS

Extra Car at midnight.

SPECIAL CARS

By Arrangement at the Company's Office Algendes Rading,

Die Torps Food, Cental

Seasons and punch 'riches awa?able for all cas- tot already bell ranning at the time tried in the Company's me tables, but not for special cars can be obeamed en application at the Company's Chez No Season ticker will be issued until payment there Itthas lecs made in Bank Nobia or 59 ChogSIR,CF Compradere ceder rupesemisy Bank Nosta

JOHN D. HUMERREYS & 50

NOTICES.

MITSUBISHI GOSHI

KWAISHA.

(MITSUBISHI COJ)

COAL DEPARTMENT,

SOLE PROPRIETORS OF TAKASIMA. OCHI, MUTABE, YOSHI- NOTARI, HAMAZUTA, SAYO, SHIKNEW, BIBAI and KAMIYAMADA Collieries.

AGENTS FOR SAKITO AND OYUBARI COALS.

Chief Manager.

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Office 15, Gracechurch Street, London.

Authorised Tapital

Subscribed

Reserve Fund

BANKERS:

The Bank of England.

£1,500,00#

1,125,00€

562,500 500,000

The London Joint stock bank, Limited.

Lombay

Calcuta

Carabu

Delhi

Bourking

Howrah Kandy

مستفي

BRANCHE

Karachi

Koca Eherz

Kuala Lumpa

Pensag

Rangoon

nghai Singapore..

TO`GKOG BRANCH,

Every description of Banking sač Zathang business mapsac

Laserent allowed on Current Accowan at #persent. per annum on Daily Balances, and on Fixed Depos át rates which may be ascertained on applicatión.

C. CHAMPKIN,

Acting Manager.

THE CHARTERED BANK, OF INDIA, AUSTRALIA AND

CHINA.

incorporated by Royal Charter

HEAD OFFICE-LONDON,

Paid-on spital

£1,500,000 Beverve Fand

£100,000.. Reserve Liability of Proprietors... £300,000

FÖRMIGN EX"HANGE and General Bankier

bowinem transacted.

CURRENT ACCOUSTA opened ad quem DEPO-IIS received for 1 year or shorter perioda, si zanes which will be quoted on application.

Wm. DICKSON,

“Manag÷I. Hongkong, 17th April, 1919

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

60, Wall Street, New York LONDON OFFICE: 36, Bishopsgate, EC

BHANLH2010

BOMBAY CALCUTTA,

CANTON.

CEBU. COLON.

HEAD OFFICE MARUNOU. HANKOW.

CHI, TOKYO.

BRANCH OFFICES :-NAGASAKI, MOJI KAPATSU WAKAMATSU,

LONDON.

MANILA

PANAMA

PEKING.

SAN FCISCO. SHANGHAL

HONGKONG. SINGAPORE KOBE YOKOHAMA

(U.S. Gold) $7,460,000 All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted

MUROBAN, HAKODATE CAPITAL PAJD-UP $3250.000 KOBE, OSAKA, KUER, TOKYO YOKO RESERVE FUNDS... 4,210,000 HAMA FAGÓTA, TSURUGA, LON DON, SHANGHAI, HONGKONG. HAK-

KOW PEKING and CANTON, Cable Address for above:

"IWASAKI," Codes: AL, AB.C. 5th Ed. West-

ern Union. AGENCIES: CHINKIANG-Messrs. GEAR- ING & Co., MANILA-Mesars. MACONDRAY & CO. SINGA- PORE Messrs, BORNEO Co LID, GLASGOW-Mesra. A R. BROWS,MCFARLANE & Co. LTD.

For Particulars, apply to--

K. KATO,

Manager. No. 2, Pedder Street, Hongkong-

by the Committee the Presidentment to prevent American banks in the price of our securities, vious to the war, it was bad for said a desirable consamation had from participating in loans to the should be at a premium and not the country that the credit of the actually been arrived at in almoet | Allies by German-Americans at a discount.

Government, as expressed in all cases.

It would be the duty having headquarters in New Bat this can only be accom-Console, should have stood at so of the new committee to keep in York, and particularly when such plished if the Tressary looks the low a level. view the treatment to be meted persone claim to dominate the facts in the face, and pisces ital Fortunately the Government out to foreigners and foreign banks from the Atlantic to the loans on terms and conditions has shaped a course which still controlled concerns, and to endea Mississippi, I assert not only that ensuring the freest marketability makes it possible for the whole Your educate commercial our Geverament, but the people even during the times of war and matter to be adjusted, because the

4 m s. Francs ......2.92 public opinion to the fact that of the United Kingdom, have the maintenance of price after the greaser part of the debt, as ex

6 m/s. France.....2-97 conditions after the war were not been placed under great war, when there will be enormous pressed in the 4 per cent. Loss, Demand, Germany. to be allowed to drift into the "as obligation to the American demands for capital, and the is, as you are aware, convertible Demand. New York 47 16 you were” conditions of pre-war bonkers for the magnificent spirit values of all securities will into any loan which may be issued T/T Bombay days. It was well to place on they showed in buying straight automatically adjast themselves on more favourable terms than Demand, Bombay... 147 the records of the Association the out, a loan of such magnitude to the value which capital com-the 4 per cent issue of last July. T/T Calcutta recent horrible doing of Germans We find from the New York mands.

"I plead, therefore, now with Demand, Calcutta....147 in the Lasitania” and Persia" exchanges on Copenhagen and "Moreover, the Government the Government that they should Demand, Manila diskoters, as well as other count Stockholm that more dollars have must remember that with the take no narrow or short-sighted Demand, Singapore. 84 14

On Haiphong less breaches, of all rule of to be given in New York for 100 growth of our astional debt on view of this matter, but should On Saigon civilised warfare in France and kroner, and sa only a very small the one hand and the diminution look ahead and contemplate, first, On Bangkok Belgium, and to apply Kipling's amount of gold has been exported of our holding of foreign and the possibility of the war being Soverein phrase:

"Leat we forget." from Sosndinavia to the States, notably, American secanties on of long duration, necs stating Gold Leaf, per oz. 55 60 the question arises: How did the other hand, a vast proportion many fatare applications to the Bar Silver, per oz. 273% Denmark and Sweden pay for of the saved wealth of the country investor for funds, and further their respective balances ? By will, before the end of the war, be that they should remember that SUBSIDIARY COINS. securities. Where did they get represented in Government after the war, when restrictions

DISCOUNT PER $100 them? Obviously, from Germany. securities, and it cannot be a good are removed from the investment F you bere lost your appetite "Now, although the German thing either from the standpoint of our capital abroad, it is mouc, pr ces 16 THE ALEXANDRA CAFE

One of the biz ratiety of

2014 -%} Cannot be bosten, it Equaud dainty dishes at the ALEXAN-mark has fallen about 33 per cent. of thrift or from any other stand-essential that the investor should Chico 10 DRA CAFE is sure to tempt in Holland and about 23 per cent point that this wealth should not be driven into foreign securi Hongkong 20 ct pieces. 81% for Bread, akes, Contacticneer 18% and meals with Wines & Liquory in Scandinavis, we must not be stand at a discount, just as, pre-'tien for high yields of interest.

Haxton 10

27

94.34

pro 19 leading

34% prem. THERAPION Chains CURT

3% prem.

78 -10:0

BLOOD TONNEN, SZEMET, BLADDER, SUZEART DISEASES. „DERGRARGES, WEAKMENS, PIENS. SOPORZAR =DOLLAR ENVELOPE FOR FREE 1OVELET TO DA LE CLINE KES CO. HAVERSTOCz Ra, Harveyton we ar FAKES DEPON: 15. CASTIGLIO LA CURLE NEW YORK UPOT: 39, BEEKMAN WE. FOR YOU! ZKYSZW PŁACIZAINSTALIM POKEMON FAST TO TAKE

SAFE AND

GOURL

THERAPION

The

SEE TEXT TRADE MARKED Woen figREEAPORT VEDE BL-GOVT. STAMP ARTINNED TRALL CENTERS PACKETS,

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

N. S. MARSHALL'

Manager.

THE

YOKOHAMA SPECIE BANK.

LIMITED -

Established 1880. - ·· Authorised Capital Yen 48,000,000, Paid-up Capital

Reserve Fund

Branches

30,000,000

20,400,000

Agencies st

Disgronki

Head Office.-YOKOHAMA.

Antang-Bales

Bombay Calcutta

Nawchwang New York Deca

Yengdes Farmin Hankow

Houches

Pakity Ryan Port

San Francisco

Sydary

Kakyo

Los Angeles

Deposit scrived for Kend, parfod antas.

EISHI ONO, Manager. Hongkong, 11th March, 1916.