1916-09-06 — Page 9

COMMERCIAL.

GALLANT **FORTY-

EIGHTS:"

THE HONGKONG TELEGRAPH, WEDNESDAY SEPTE.

ADMIRALTY

AND

· SHIPPING

ENGLAND PROUD TO

FIGHT

The City Trained» Bands and their Work,

Increased Exports of Colton Cloths

No City man, previous to war Waste and other (Waste. Japan's export of cotton yers hae markedly increased since the August, 1914, would have be- latter part of last year, owing to lieved that before a few months

of

This

In the House of Commons Sie

An American Appreciation.

Mr. James M. Beok, the famous

par-

HONGKONG SHARE REPORT

R-SELLERS: SA.---SALES; "B

BUYERS; N.-NOMINAL.

OFFICIAL PRICES.

BANKS,

the favourable effects of the war. had elapsed London would again A. Mond, reiking in the course Amerio attorney and author of According to investigations made possers the trained bands which of the debate on the role of credit; "The Evidence in the Care TMTM by the Spinning Association, the were associated with the City in aid that undoubtedly the Admir has made the following interest Banks export of various action cloths its medieval daye. "But this war ally Transport Department had ing statement to a representative has proved that many things had not exercised the foresight of the New York Times, on the daring

first balf the

which we thought had passed for and economy that should have eve of his departare frem Eng North Chinas this

amounted year

ever would come into their own been exercised since the land for France value to Y46,971,058. Egure is unprecedentedly large, gain: among them the hand began. The case of the mistaked

What I bave soon and beard Yangtazes and shows an increase of 18,271 grenade, the steel belmet, and the made in connection with the in England during my four-week trained bande of the City of employment of the Canarder tay has filled me with admira- 750 over the preceding i

FIRE INSURANCES. months, and of as much sa

London...

b. Aquitanis was particularly glar- tion. Nothing could be finer China Fires. There is a difference, of course, ing, and if grester knowledge of than the quiet but resoluts Y21,998,972 when compared with

H. K. Fires b. the corresponding, period of last was brought home to me when, shipping matters had been postpose of the English people to

SHIPPING. year. There has been no marked parsing down Leadenhall-street cesed by the Admiralty we would push this vital struggle for the Douglases change in the destinations of ex- about 6.30 a few evenings ago, not now have seen so many basic principles of civilisation to Steamboats porte. China headed the list, sharp words of military sometes mers waiting about doing a conclusive victory. They are Indos (Del.) followed by Kores, British India, and rang out and attracted the nothing in our ports. A very neither elated with victories nor Indos (Pref.) Kwangiang. Siberis, Hongkong, attention of City men hurrying common instance is that of depressed by defeats. Both are

Shells Australis, Dutch Indice, Straits home from their daily work. steamer commandeered by the regarded as the mers eddies of a

Ferries Settlement, Hawaii, and the Drawn ap in the street in charge of Government, and having to diswift current, which is steadily Philippines The highest rate of an officer was a squad of men in charge the cargo she had moving to its appointed end. In Sugars inuretse was seen in the export to khaki.

A closer inspection re-just loaded in order to be a year they hare equipped an Malabons India, followed by Rassian resied them to be members of the free. Such a vessel is frequently army of over 4,000,000 man, and Siberia, while the export of the Erat corps of Volunteers to be taken, although the same owner yet they never boast of the Kailans Philippines decreased by about established in the City after the could have instantly substituted equal barden of expense. I Langkats

outbreak of war, originally known an exactly similar ship, which is

m persuaded that even it Raubs the City of London Volunteers, lying beside the other one with England were left to continue Tronohs and now, since their official re-out any cargo in her. Possibly the struggle alone she would do Urais

gnition se a unit of his Majesty' the people who had to deal with so to the last man and to the last forces, as the lat Battalion City of these matters had no time to

ops half as compared with the preceding half year. It may be added that the import of cotton into Japan during the first six months of this year amounted to Y2,032,089; showing a decrease of as much as Y1,030,812 on the

figures for the preceding half-year:

and of 172.726 as compared with

the corresponding period of last

year.

American Cotton,

Americana :----

Spot...

9.268. October-November 9.03d. January-February.... 8.95d. The above qactations represent an advance for the work of 51, 49 and 17 points, American cotton

the

penny,

6, 1916.

BANKS

BANK OF CANTON LIMITED

HEAD OFFICE HONGKONG.

FOREIGN EXCHANGE and General Banking Business Trans- acted, as

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- | veived. "

INTEREST ON FIXED

DEPOSITS:

-For 3 Months 3% per annum "

* LOOK POON SHAN,

Chief Managel ›

b.

$745

MARINE INSURANCES. Cantons

Unions

n

$400

b.

t..155

D.

$920:

b. ex.73 $160

$154 $984

For 6 Months 4% per annum For 12 Months 41% per annum

b.. b. 988. $126) 197

b.

$134 $22.

$16

B

CLA

103

$2716

REFINERIES.

$111

Be

MINING

5.

391-

-J

b.

t. 261

I.

$2,50

Boda

301-

ADDE 4 in 1120 AM

*

the

341-

11:30 AM to 11:45 PUN

树

H

KAS TO

#

as Man

1-15 1002

**

* Men

M

•

10

NOTICES.

NOTICE.

$58 PEAK TRAMWAY CO

DOCKS, WHARVES,.......

GODOWNS, &C.

London Volunteer Regiment." to attend to detaile, bat "it The masses of English, H. K. Wharves b.

Relieving Regulars.

Complete Equipment.

had been

TEST

LIMITED

TIME TABLE.

-WEEK DAYS

10 10+00 1.

*

10 Ma

poo FM; to * duo nue

NIGHT CARS 16.20 1.0) and a task, sit eat, te

15.00 SOM Ävey kill boun

15:00 136 08 22:45 2,000

EVACY, QUALEor of an hones

"SUNDAYS

1,43 AM 10 10:20 AIM, Event » Mina EWING AAR, TO 21:00 43.

EG MT. HIGH CAXS 41 on Wash Days.

Kez

KATURDAYS

Carsi a wllnight... AFECIAL CARS

Vy Arrangement si the Company's Ülka.

$85

6. & sa, $131

El.

t.74

184

LANDS, HOTELS AND BUILDINGS.

H

10 Ma

11 AL 10 29.00 2001

H

25 MIN.

•

to Mim

1.00 + to

DE MERE

b.

$99

Lab, to $,00 POR

ES MIR

1.

63.

$115 $100

$6,75

D.

$88

IL

1921

II.

$88

sa. & b. t. 150 t. 141

t. 10u

露

£. 51

$8.

$4.75

$9.00 $11

68. & b. $9,65

b. & ss. $53

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

$ 160

5.

$34

$7,55

$0.60

B.

b.

$8,60

$17,00

b.

.b.

$6.75 $6.85 $24

CORRECTED.TO NOON WEDNESDAY

SEPTEMBER 4, 1916, -

BENJAMIN & POTTS, Share and General Brokers,

Princes Buliding.

Tel, address: Broker.

EXCHANGE.

SELLING.

would be AN well to

666 ani, I imagine, of all the Qaad- Kowloon Docks Inquiry at the headquarters, whether something could not raple Powers, feel a keen sense S'hai Docks 57-58, Leaden ball-street, elicited be done, and not rely, on of disappointment at the negative H'kew Wharves n. the following facts. Every night the seertion that war always policy of the United States. They this squad of City men-men who meant waste. There seemed at cannot understand it. That the bave pot in their fall day's office | present to be some cast-iron armoral prestige of our country has Centrels work and who are either over rangement by which no change offered immeasurably cannot be H. K. Hotels military age or are otherwise was possible once a ship in gainesid. In the theatres and Land Invest. Renter' Liverpool cotton debarred from activa service who requisitioned, and he felt that if music-halls Mr. Wilson's "H'phreys Est. b. maiket quotation, dated August hare drilled in their spare time and the matter were investigated it proad-to fight" speech is con- K'loon Lands 24, is as follows for mid- provided their quiform at their would be found that there was atent jest, and an American cannot

S'hai Lands own expense-parade at head-some link missing in the trane fail to appreciate that the average West Points quarters and proceed to the looks port organisation, which, if it were man accepts the implication of COTTON MILLS. on guard duty until 8 a.m. next pat right, would save money to the that stupendous verbal blunder.

Ewos day or over the week-end, thus Admiralty and give great assist-

b. When, however, one speaks in-Kung Yiks. relieving an equal number of ance to the trade of the country.timately with the public men of S'hai Cottons ss. Begulers.

The holding up by the Govern England, a better feeling is fund Yangtzepoos They are only one of a number ment of any vessel not required than with the man in the street. MISCELLANEOUS. now having reached a higher level of similar corps in the City meant a loss of tonnage, which at They sincerely want our friend-Borneos than for many years and there of London now combined so the present time was badly wantship. They instinctively feel, China Light &P.b. now seems little doubt that the recognised military units for ad. The whole question of the without fully comprehending, Providents 10d, colton predicted in these col-home defence under the title Government handling of ships that there must be substantial Dairy Farms amas last spring will be realised. of the City of London Volunteer had been subjected to a good reasons for our policy of Green Islands Advancing prices are doubtless Regiment, which includes, in deal of criticism, and though heat lity. They want to under- H.K. Electrics caused mainly by unfavourable addition to the City of London considerable improvements had atand these reasons for the

H.K. Ice Co., weather in the American cotton Volunteers, the Corps of Citizens, been introduced by the experte commwelfare of both countrice, Trams, Low Level ca.

Ropes Mincing-lane ho belt and the fact that the pres the Baltic and

called in, They eatly appreciate the sym- Trams, Peak, old b. ent crop was largely grown Corps, and the City of London he had never found anybody pathy o. the great majority of the Trams, Peak, new b. cents.80 without the usual amount of National Guard-six battalions practically connected with the America, people. Our neutrality Laundries fertilizer the prios of which was in all.

shipping trade who had not the will not feet the earnest desire U. Waterboats n. In general the work of these opinion that mach further im of Englist publicists to maintain Watsons too high for general use. The New Orleans agent of Messrs. Volunteers, in addition to their provement is possible. He agreed animpaire sympathetic under-Wm. Powells Tais, Sons and Co., telegraphing drill, which is carried out on that we must make experiments, standing, with the United States. Morning Posts b through Liverpool, reports that several eveninge during the week, but the results of some of the

While the too proud to fight" damage

consists in work on the London experiments in connection with speech was incomprehensible to to the Crop caused by drought is largely defences during the week ends, transport could easily have been them, yet another speech of Fresi- irreparable. Both Liverpool and meeting soldiers on leave at the foretold before they were under-dent Wilson to the effect that New York are bulliah in the ex- varions London termini, and sun taken. The case of the oil the United States had not concern tremo, New York reporting dry similar daties; but their main tankers will be fresh in people's in the causes and objects of this "Balls galloping in full control." efforts are devated to making them memory, and in view of the fact war, out our beat friends in Eng New York futures:-October selves fit and capable soldiers to that we had at present such land to the very heart. They 15.08 cente, December 15.22, assist in the defence of their shortage of petrol it would be sincerely believe that they are January 15.28, March 15.41, May country in case of invasion: seen that we were at present fighting for principles of civiliz 15,55, July 15,62. Bombay Brouch quotations have advanced during

Naturally the precise work of offering from the holding up ofation, in which the United States

no less than ten of the week from Rs. 322 per khandy each cores varies, but that of the ships, which would

these is also vitally intareated. Thay other do not ask our co-operation on the T/T...... C.L.V.C. may be taken as a stand-wise have been employed in field of battle, but they do Demand to Re 328.

2/194 ard for the rest. It possesses bringing petrol to this country. want to feel that in their willing 30 dis. 2014. 2/1 11/16 ambulance, engineering, grena- (Hear, hear.) dier, machine gun, soont and

sacrifice of life and treasure 60 d/s. Mr. Ashley also drew attention for the common welfare of civilis-

............... 2/1 34 Messrs. J. Spant and Co.'s signalling sections; has the use of to the case of the Aquitanis, ation they have our apprecia-T/T Shanghai......... 71

4°m/8............................................... 2/1 15/16 weekly cotton market report, several miniature rifle ranges which, he said, had been several tive sympathy. For this reason T/T Singapore 911 dated August 31, states: The in the City, in addition to times converted and re-converted Me, Wilson's disclaimer on behalf TT Japan 100 local market has been rather in an open-air range (100 to for hospital and other purposes of our country of any interest in / Indis ............ 159 active during the past week with 1,000 yards) at ite

per-st a cost of £40,000 a time. He the causes and objects of their Demand, India..... 159 4 a sagging tendency for certain manent camping ground at Wold- believed also that the cost of sacrifices has undoubtedly deeply T/T San Francis grades, owing to excellent reports ingham. A special feature of this making experimenta in using hurt them,

504 co & New York/ of the new crop outlook, showing corps is that it possesses a com- tank steamers for troopship par-

TT JAVA.......... 123 a decline of four mece per pical pleie camp equipment for 800 poses was £75,000.

Nevertheless they prefer to T/T Marks Nom. think that for this and other T/T Francs............3.0 since last week. Export business men, including field boilers, on the other hand has been quite ovens, etc., and its own battalion the Admiralty), in reply, said the must be some explanation, and I

Dr. Macnamara (Civil Lord of equally tactless statements thers Demand, Paris.......3.00 4 brisk and owing to acaroity of cooks, who, up to so long ago as Admiralty had to make provision have found a real eagerness on suitable cotton farther orders Easter, 1915, had prepared, cook-for the rapid transportation of their part to reconcile these and

4 m/s. L/O could not be execated. Looking ed, and served no less than 10,000 large numbers of troops, and the similar statements with the re-

4 m/s. D/P....... 2/2 9/16 at the situation broadly, however, meals.

6 m/s. L/U........... 2/2.11/16 Aquitania, as well as the Auretania spect which they had at the 30 d/s. Sydney & we are still icelined to the belief A spacious covered drill hall and the Britannis, were called in beginning of this war for the that we have not had all the ball and fall brase and bugle bands for the parpoce. Afterwards courage and honour of the Ameri- 30 die. San Franc-]

Melbourne market we are to bave this season are valuable sesete, sa has been they were all three and - that barring Datural the military training by drill for

need can nation. They earnestly wish bringing home reactions from time to tims, sergeants of the Guarda.

Large to remain our friend. numbers of wonnded soldiers. the general tendency will be to- The humorist has, of course, No doubt the structural changes wards higher level of values. Even not left our modern City trained necessary to convert them and re- admitting all that may be said as bands alone any more than he convert them had cost a good to the stagnation of trade con- did those of bygone days, but deal of money, but we were at the experiments with the oilers T/T Bombay ....................

Sir F. Banbury understood that | Demand, New York, 50 34. ditions, stringency in the money our * Forty-Eights"--as Lord war, and sil war was waste. With [cont the ustion $700,000 Demand, Bombay... 1594 markets, etc., we cannot bot help| French called them thinking that with the high prices after

when regard to the aw of certain to £800,000, and he thought that T/ Caloutts...... the inspection ruling for American and Indian 10,000 Volunteers in Hyde Park was casosired that these oilers be made on a more moderate Demand, Singapore, 91 16 of tankers as transports, the idea experiments of this kind should Demand, Calcutta... 15914

Demand, Manila

101 grades, our local market will even he asid he would be proud could be adapted for this purpose sosio. tually respond. If anything, the to load them have won through. because of their extra buoyancy, lamentable absenes of business On Saigon

He feared there was a On Haiphong........ 54% prem outlook for exportale brighter than Like the original Volunteers, which would render them less methods in all these matters, for On Bangkok ....................... ever; and we anticipate a brisk now Territorial regiments, cover- liable to sink after a submarine it was not defence simply to say Sovereign ......... demand as soon as the orop is ing themselves with glory in attack. The experiment was tried, that we were at war. Els was not Gold Leef, per om... 58.40 harvested. On the whole, there- France and elsewhere; the Volan- but it was unsuccesful, and at all satisfied with the explana Bar Silver, per cu 33.3% fore, we continue so see little or tears have gained official recogni- the vessels were now being rein- tion given as regarded the ohang, no inducement to take the bear tion in spite of much discourage stated as ollers and were so being ing of the character of the SUBSIDIARY COINS. side of the market and while no ment. They possess that Britiaa uued. Of course, all these ex Aquitania so many times, and precipitate advance is likely to spirit which our enemies do not periments were very comlly, but thought that the Admiralty should Doour for the present, the chance understand -- they don't know fans mascary în make experis give a fuller explanation showing of profit continues to lie in buy when they're beaten," and so, in mente în time of war, and they had done what they coulà to ing on every decline, Tone of the end, they win,--Pall Mall Tioman ve her kings hap the market, quiet.

parry things out properly,orwinn

Chinese Cotton.

Caretta,

BUYING,

2/27/16

2/2 11/16

52 ......Nom.

isco & New York! 4'm/s. Marks

.4 m/s. Francs ......3.12

6 m/s. France......3.17 Demand, Germany.

314% prem.

9.25 Nom.

Da Vors Bosé, Central, "Semen and punch tickets, amitable for all 4875 zoi already full, runingas the due statać la câu Company's time zables, but not for special tam. Cae be obtained on application at the Company's Ofic No Besson ticket will be issued until pasiment there- fer has been made is Bank Bous or by Chagas os Compradore order repementing Bank Botas *

JOHN D. HUMPEREYS & CO.

B

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

Loans on Mortgags of House Property &c. Good cello Storage,

Advances made sa Merchandize. Loans made on the Provident System. Cates and Particulars on application)

The Office of

TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, Roy Undertakes and Tricoted.

SHEWAN, TOMES & Oca General Managers.

MITSUBISHI COSHI KWAISHA.

(MITSUBISHI GOJ)

COAL DEPARTMENT,

SOLE PROPRIETORS OF TAKASIMA, UCHI, MUTARE KISH. IDAKE, TOSHINOTANI, HOJO, NAMA- ZUTA, SAYO, KANADA, SKINNEW, KAMIYAMADA, NISA‡ and OYUBARI

Collieries.

Agent for SAKITO COAL,

HEAD OFFICE:-

MARUNOUCHI, 1OKYO.

BRANCH OFFICES :-KAQASAKI

BANKS

HONGKONG & BEẲNG HA'

BANKING CORPORA DEZATION. Paid-up Capital ...$15,000,000 RESERVE FUNDS:

Sterling H

£1,500,000 at 21-

$15,000,000

Silver $18,000,000

Reserve Liability "of

$$3000,008

Proprietors $15.000,005

COURT OF DIRECTORS.

W,

Pattreden Beg,Chairmas.

F. H: Dodwell, Reg.-Depaly kulitnir.

G. T. X. Elkins, 140.

Gubbay. Zg.

Bon, Mr. P. Hoʻyank

Hes. Mr. D. Lardale, J.A. Plummer, Eng.

Hes. Mr. Bheilim.

| CHIEF MANASKED Hongkong-Y. J. Stabla, Big,

*MANAGER

Shanghai-A, G. Soepben, Esq. Loudon Deakers-London County and Westminster, Limited.......

· Hongkongw-In het Allewed:

Us Current Accounts at the ents of 2 par Tent "par

at on the daily balance

ON MIXED DEPOSITE.

For

For

months, 4 per cent per annum, months, 13 per cent, per moegan

For

monika, é per cent, par natura, N. J. STABE.

Chief Manager.

HONGKONG SAVINGS BANK- THE Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING

ORPORATION, Rules may be obtained on application! 18TEREST on depositt is allowed on the miss tanam monthly balanoce at 81 per cent per a

Depositors may transfer, at their eption, balances of 300 of more to the Hongkong and Shanghal Bank to be placed on FIXED DEPOSIT at 1 per zent. per andim,

For the Hongkong and Shanghai Bánking Corpura- tion.

N. J. STABB,

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Boyal Charter Låga

HEAD OFFICES-LONDON, Paid-up Capisalo £1,200.000 Reserve Fandisemus vRIZHUTERAANSE H00,00

£1,800,000

Reserve Liability of

TOREIGN EXCHANGE and General Bankins

business transacted, an CURRENT ACCOUNT4 opened and FIXED DEPOSITH received for 1 year or shorter perioda, Di rates which will be quoted on application,

T. & DOWNING,

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANT OF INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London.

Authorised Capital.

Subscribed *

Paid Up

Reserve Fund

育

www.

BANKERS:

....£1,500,00

The Bank of England,

1,125,00

562,500 $50,000

The London Jalat Stock Bank, Limited.

BRANCHES

Bombay Calestia

Colombo

Delhi

G

Hongkong

How ab

Kandy

Part-Louis (Mauriina)

Karachi

Kota Bharu Kai Lampi

Madras

Farang

Rangoon

banghai

Zingapor

HONGKONG BRANCH.

Every description of Banking and Rachange

· business transacted.

interest allowed on Current à ceomnis ať v per cani peranton Daily Balances, and un Fired Deptsit ki races which may be nacertained on application.

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

60. Wall St, New York,

LONDON OFFICE.

é, Bishopsgate, E.C.

MOJL KARATSU, WAKAMATSU, CAPITAL PAID UP......$3,250,000 OTARU, MURORAN, HAKODATE RESERVE FUNDS ...$3,628,000TM KOBE, OSAKA, KURE, TOKYO, YOKO HAMA, NAGOYA, TSURUGA VLADI- VOSTOCK, HANKOW, PEKING, LON- DON, NEW YORK, SHANGHAI, HONGKONG, HA PHONG And CANTON.

U.S. GOLD... ...$6,878,000

BOMBAY

CALCUTTA

CANTON CEBU, COLOX

HANKOW

BRANCHES —

HONGKONG PEKING.

KOBR

LONDON

MANILA

SAN FRANCISCO SHANGHAI BINGAPORE

MEDELLIN TIENTSIN PANAMA YOKOHAMA

Through its close sfiliation with The Nasional City Bank of Kaw York, the Bank is able to offer the Services of the Benaches of that Iracitusion in Cuba and Bouth America, pamely - BUENOS AVRE, HAYAMA, NONTE VIDEO, RIO DE JANEIRO, SANTIAGO DE CUBA,

SANTOS, SAO PAULO.

Cable Address: "IWASAKI," Codes:'Al, A.BC. 5th Ed., West- ern Unior, and Bentley's. AGENCIES:- OHINKIANG-Messrs. GEAR- ING & Co. MANILA-Messrs. MACONDRAY & Co., SINGA- PORE - Messrs,' BORNEO Co. All ads of FOREIGN & LOCAL BANKING- LTD, GLASGOW-Messrs. ARZUSINESS tansacted

CURRENT ACCOUNTS opened and FrÍCED BROWN, MOFARLANE & Co. LTD. DEPOSITS rcgivad at rates to be, secureload on

'M. S. HARSHALL,

Manage

For Particulars, apply to

K. KATO.

Manager, No. 2, Fedder Street, Hongkong.

SMARTIN'S

application.

Hongkong, let June, 1916.

TRE

YOKOHAMA SPECIN BANK, LIMITED

Established 1880.

Authorised Capital Yen 48,000,000 Paid-up Capital ... 30,000,000 Reserve Fund.

400000

Head Office-YOKOHAMA

· End