1917-07-06 — Page 9

COMMERCIAL

Premium Bonds.

и до

time

16

THE "HONGKONG, TELEGRAPH - FRIDAY, JUL

NEWS.

Paria

Disputed Rubber Contract.

In the Court of Appes) the case of L. Sutro and Co. v. Hellbat, Symons and Co. has been decided before Lord Justice Swinton

the

a

06, 1917.

"HONGKONG" SHARE REPORT.

S-SELLERS; SA.-SALES; B-BUYERS; NOMINAL.

OFFICIAL PRICES.

BANKS.

H. K. & S. Banks s.

MARINE INSURANCES. Cantons North Chinas Unions

Yangtszes

FIRE INSURANCES. China Fires b.

1. H-K. Fires

Sugars

BAN KS.

DE CHINE

ኒነ

BANKS

HONGKONG & SHANGHAI BANKING CORPORA,

TION, Paid-up Capital ............. #75,000,000 RESERVE FUNDS

BANK OF CANTON,

LIMITED.

Sterling

£1,500,000 at 21-

HEAD OFFICE, HONGKONG

-$15,000,000

Silver

$680

D.

Smi

$540 t. 140 $955 b. ex 73.90

$149 $325

SHIPPING.

"

Douglases Steamboats Indos (Def.) Indos (Pref) Shells

sa

$8.

$85 $18 $101

For 6 Months 4%% per annum.

2.

$40

120/-

Ferries

D.

$29

For 12 Months 41% per annum LOOK POON SHAN;

Chief Manager.

REFINERIES.

b.

b.

$96 $29

MINING

94,6

11.

1.

t, 16 $2.45 25/6

$2/-

DOCKS, WHARVES, GODOWNS, &C. H. K. Wharves Kowloon Docks IL Shai Docks

ทาง $115 t. 94

LANDS, HOTELS AND BUILDINGS. Centrals

5.

b.

S.

sa.

b.

$95 897 $99 $5,25 $39 t. 80 $721

COTTON MILLS.

Ewos Kung Yiks S'hai Cottons. 9. Yang tszepoos

R.

1.

t. 155

t. 14,60..-

*194

Д.

£, 5,70

| 5. Queen's Building.

$7

$1,50

1.

$7,90

D.

$23

D.

$7,30

b.

#48

H. K. Ice Co.,

Steel Foundries n., Trams, Low Level sa. Trams, Peak, old n. Trams, Peak, new n. Laundries

b. U. Waterboats n. Watsons. Wm. Powells Morning Posts Да

12.

8 151

b.

$27

$10

$6,35

$9.10

cts. 20

$8.40

$13

b.

-$6

3.

66,50 $29

130 QE TO

1800AX 14

H. K. Hotels b. Land Invest. H'phreys Est. K'loon Lands S'hai Lands West Points

MISCELLANEOUS..

Providents

*..

Borneos Chine Light & P.n.

Dairy Farms. H.K. Electrics Green Islands

Ropes

Imperial Trade System. dustrial security and progressed, hat for which, no funds are transhipment takes place, to A memorial, signed by eighty-in

with trus accord

the available. It is suggested that the Seattle, and thence by railway one stepdiations of producers and spirit of British enterprise a bonds be inaned at 2 per cent, scross Ameries to New York; that manatadinters, representing, as being capable of continuous ad The Corporation thinks that even at the date of the contract a faz se can be estimated, about justment to varying eiremstances of that low rate there would be practice had arisen, beginning $1,000,000,000 of ospital, was and giving opportunity for the strong and general support for the some six mothe previously, to presented to the Imperial War | exercise of individual energy and loan. As some uncertainty exists as send rubber by that ronis instead Council in March. The associa original endeavour. It is in the to what the premium bond system of the whole way. by 883, BE tions concerned are distributed light. of these principles that we really is it may be briefly explain-bed previously been the case, throughout the Empire, and their believs an Imperial economiced. Interest bearing premium that sach route had become oce concurrence in this broad state system can be constructed worthy bonds earn in interest about half of the usual routes för rubber ment of principles constitutes pro- of our vast natural resources and what would be earned by bands from the East; and that it was bably the most remarkable mani of a manufacturing espacity not carrying premiums. That is within the contemplation of the festo of the kind in British econo greatly enhanced in volume and to say if an issue of £10,000,000 parties to the contract that the mis history. The following is the variety as the result of war premium bonds were made, sui goods in question might come by text of the memorial:-In the demande.

the normal rate of interest were that route, that is, partly by san The 5 per cent. the premium bonds and partly by railway. third year of the war the assembly. of an Imperial Conference in

The question whether it would would pay 23 per cent. The bayers reply that evidence of such London affords a fitting occasion be advisable for the British other 212 per cent $250,000 s practice in not admisible, in for presenting a collective address Government to raise war funds would be distributed among cer- order to annex it as incident to in the name of organised sections by issuing a loan on the premium tain of the bond-holders as the contract, as it would con- The muncipality (tradict the express terme of the of productive industry, to welcome bond system continues to be premium.

all contract, the representatives of the Domin- discussed in the Home Press. It of

Thay further urge one overseas and to express the is a little unexpected to find ita loans on the premium bond that from a business point of view, confident hope that their visit body of the character of the system The objction to the it would work a variation of the will mark the beginning of a Conseil of the London Chamber adoption of the system in Great contract prejudicial to them new era of social and economic of Commerce declaring in favour Britain, apart, from the moral that, with seaborne gooda, they Malabons development. Coming from of the system. Yet it did so, or issue involved, is that special can calculate approximately when the great territories remote, at all events it recommended that legislation would be necessary. the vessel may be expected to

Kailans from the European scene of con- the chamber should offer to co. The law sa it stonda prevents the arrive, and can make their basi-Langkats -fot, their presence is doubly operate with the Committee unrqual distribution of interest pesa and financial arrangements Raubs

welcome to the people of the of the House of Commons or dividende, and it is obvious accordingly; but that with goods Tronohs United Kingdom for the splendid ➡hich

Urals considering the that that would have to be coming by railway for so great a spirit in which their citizens rore question, with a view to a changed before bonds could be distance, there would be no way in defence of the Empire, and for acheme being formulated for the issued which paid bosures or of ascertaining the probable date the imperishable glory which the issue of bonds which aball premioma to a percentage only of of arrival. Their obj-otica to the their soldiers have won on so provide for the ultimate repay the band-holders.

{long land transit was the uncer- many battlefields. We believe ment of the amounts invented,

teinty of the date of arrival, and Albat in the rigour and discern, and, in the meantime, for the

the impossibility of ascertaining ment of their stateemanebip, provision of interest, one part of

the probable date beforehand, directed to the military sad econo- such interest to be paid periodi-

and not any question of delay, In mic probleme of the near future, cally or otherwise to all holders of

lengthy judgment Lord Justice meade will be found for farther the bonds and the other part of

Swinton Esdy dismissed the ap- strengthening the foundations of such interests to be paid in

peal, the other Judges concurring. thefes Britanic Commonwealth, varying amounts to the holders of Eady, Lord Justice Scration, sad and for reorganising its economic | particular bonds to be drawn Mr. Justice Brey. It was a cano **After The War."

The where Mesara. Heilbut, Symona power and prosperity. The result from

to time.

The Glasgow Chamber of Com- of their labours is hopefully main arguments advanced in and Co.. of Mincing-lane, EQ.;merce has been discussing the awaited by associations concerted favour of the adoption of these sellers of a quantity of rubber, proposal to debar enemy steamers with the efficient conduct of in- premium bond system are that appealed from s judgment of Mr. from asing British

Empire dustrial organisation, in whose subscriptions to war loans would Justice Lash upon a special coaling stations for opinion the economic policy of he received from classes that did case stated by Com period of five years after the war. this country and of the Empire not now contribute, and that the mittee of the Kabber Trade The subject was raised by Mr. ahoold always in fatare be die spirit of thrift would be incal Association in an arbitration be: F. O. Gardiner, who referred to onked with full regard to the in-cated. The subscribers to the tween the appellants and Messrs the resolution which was sat- tereate and the reponsibilities last loan ambered some eight L. Sutro and Co, of Mincing lane,mitted to the Association of of our

Imperial millions. The suggestion has been E.O.. common

the buyers. Mesers. Chambere of Commerce, on citizenship. We associate our made that at least three million L. Satro and Co. were the bayers behalf of the London Chamber, selves with the following people who did not subscribe to of a quantity of rubber ander a dealing with shipping alter the believe the loan would take premium c.i.f. contract, dated March 27, war. Assuming, be said, that only principles which we now represent ideale appealing to bonds if issued' in denominations 1916. On June 5, 1916, the foreign coaling alations were re- the vast majority of the people of attractive to the small subscriber. sellera made a formal declaration ferred to, it seemed a very the Empire. 1. That the deepen Gas artisan, for example, who onder the contract cf 25 tous, & questionable step to impose & con- ed sense of our upily of interest had £20 in a savings banks would having shipped per the dition of that nature. He pointed in the face of national denger, se nct be likely to invest in an Lycaon, via Seattle, under a Bill out that it would not if-ct the between various classes of the ordinary war loan, but if he of Lading datel April 30, 1916. Altantic or South American trade, ormmasity, and sa between the learnt that he could purchase The bayers of jcted to the de- but only the East and Australian the dominions and territories of twenty El bonde bearing about claration se irregular, and de-trade, With eteamers coming the Empire, must be recognised the same interest as he was get manded arbitration to settle the from Japan the ordinary course and maintained in all measures ting from the savinge Lank, and dispute. As award was made in was to coal in Japan, then fill up to be considered from the point thus obtained twenty chances of favour of sellers, and the buyers again in Dutch territory, and of view of economic recrity winning substantial premiums, he appealed, in accordance with the in the ordinary course agaio and progress. 2. That the would probably be attracted. If Roles of the Rubber Trade Ast Port Baid. A stesmer first alaiz on Imperial the issue were kept open for three acciation, to the Committee of that coming from Australia would atatesmanship is that remanera montbe is is thought that workers Association; and the Committee bunker in Newcastle or Sydney, tive employment shall be made would devote na mach as possible made their award in the form of and at Colombo. If, he added, a available for all under conditions of their weekly wage to the par-sepeciel case. Mr. Justice Loeb law was passed as suggested, that will crown with comfort and chass of bonde, on the principle beld that the tender to the bayers German vessels would require sad prosperity the freedom for that the more they had the better was not a good tender ander the either to coal fully at these points which we are now working and the prospect of winning premiums. contract, and in that event the or to lay down foreign coaling fighting. 3 To this end the three If El a week were put by for the award that the bayers were not stations of their own. The great agencies of production purpose at the end of three months liable to accept the same took obvious reply to their isying down TIT espits, labour, and science a worker, who might have never fect. From the decision of Mr.stations of their own was tha should be systematically directed before made any savinge, wouldastice Lush the sellera appealed, there was no territory on which towards the development of the be in possession of bonds worth The buyera contend that the they could place the stations. It boundless resources of the Em-$13, and having accumulated that written terms provide for rabber would not be impossible for pits, an that it may become more much capital would be encourag being shipped from the East and Germany to get coaling stations productive, not only of the ed to continue saving. Moreover carried to New York in one or somewhere in Greece and also in prime accessaries of life, bat the temptation to sell the bonds more ships, and that the date of the South of Spain. They would also of the stential materials of would be the easier resisted in the arrival of the vessel or serve to bring these vessels right industry and of all departments view of the fact that each bond vessels at the port of discharge home, sad the obvious dis of manufacture. 4. That there was a potential premium winner. New York) governs the date advantages in such a develop. solutions of the Paris Economic The Japanese Government is at which the buyers must payment on the part of Germany way Conference provide a sound basis November last issued premium cash kinet documents. The that if unhappily, war broke out for national self-development, and bonds of T.10 each to the extent sellers contend that ander the again, Germany would have large for maintaining mutually advant of Y.5.000,008. The Japas contrect they are cotilled to ship stocks of coal on neutral territory

asons and privileged commercial Chronicle states that the issue was from the East vis Hongkong where which we could not touch. intercourse between the Allied made primarily with the objeci Powers. 6. That, after the in- of checking extravagance among "stitusion of such a system of ro- the working classes, whose earn- ciprocal preferential arrange-ings had greatly increased as a ments as will give practical result of industrial sotivity con- effect to the resolution of the sequent upon the war. For the Paris Conference, which can beat same purpose the Government be Estiled in detail by conference has decided to make a further with representative organised issue of premium boods. These sesociations of manufacturers and bonds will be known sa Chokin producers, our next Imperial duty Ken, or Savinge Certificates, is to stimulate the employment of and will be imaged in available resources of mechanical denominations of Y.1 and Y.5 and obemical science for enhano Five 7.1 bonds will be exchange ing producire capacity and so able for one Y.5 bond, and the enriching the whole community. latter will carry a premium of 6. That the system of general and Y.1,000 by lottery besides bear- technical" "education should being interest at a rate probably a thoroughly revised to afford to all little less than 5 per cent., per classes equality of opportunity for annum. Though the issue is to talent and industry. 7. That the be made originally for the Sista should, while facilitating benefs of the working classes, general conditions.recognise sad sutuoriptions, of course, will be regularise the position of indust open to the general public. rial organisations and give them The Rangoon "corporation has additional responsibility for the asked the Government of Barma +flejent opnd not of each section to sanction a premium bond loan. dindustry. In conference with of B 6 600,000 with s

osch other, with labour, and with of shirty years.' They

money

the Government, they may required for a number of publis the found a system of in- works which have been senation-

WHEN YOU REVIEW THE SITUATION

on the market for beer, of course you will settle on PRIMO because it has been tried, proved and endorsed by all lovers of wholesome beer. An Idea 1. beverage for summer months.

Stocked by all Wine and

and Spirit, Merchants

Hotels in the Colony.

H. RUTTONJEE

& SON.

16, Queen's Road Central.

CORRECTED TO NOOK FRIDAY JULY 6, 1917.

BENJAMIN & POTTS,

$33 500.998

FOREIGN EXCHANGE and General Banking Business Fransacted.

4

INTEREST ON FIXED

- DEPOSITS:

For 3 Months 3% per annum.

BANQUE INDUSTRIELLE

Capital ( Paid up)...France 45,000,000

Presid p

André Berthelot General Manager A. J. Pernotta

HEAD OFFICE:

74 Rpe Saint Lazare, PARIS BRANCHES in PEKING. SHANGHAL TIENTSIN and HONGKONG,

BANKERS.

In FRANCE: Société Générale pour favoriser le Développement du Com- merc et de l'Industrie en France. In LONDON: London County & West-

minster Bank, Ltd.. In ITALY: Banca Commercials Italiana.

Telegraphic Address: CHIBANKIND.

Intereat allowed on Current Accounts and Fized Deposits. Terms on application. Every description of Banking and exchange business transacted-

M. ROUET DE JOURNEL,

Manager.

HONGKONG BRANCH:

Tel. No. 2352

Hongkong, 14th May, 1917.

NOTICE.

PEAK TRAMWAY CO

LIMITED.

TIME TABLE.

300 AX 14.03 1. LECO A.M.

..$25,500,000

Reserve Liability of

Proprietors ..... „$35,000,000

COURT OF DIRECTORS

Hon. Mr. S. Dowell Maarvaar, J.M. Kumer, Bing, Deputy Chairigan Hon Mr. E. Azw. - 9. 7.. etika, Jan C. Cubbay. F. How. F. BUTO E. V. D. Fans, ETF. La Fastende, #10- A. Compton

CHIX MINIGYS Hongcars-Y, 3. kadde lagu-

MANAGER Shanghaima, Ú. “LEOBRA, Xas velers-London Uosaty spe

Winger Limted

Hongkong-Jatereri,&l-cwod),

On Current Accounts at the,zkov of d por con kommen the daily baience

ON FIXED DEPORTA

For 2 pet sit per cent, pure all 1300+ For mig per cent. DAN ADRESL. For 12 months, i pot cent, DAT BANDAR

N. J. STABB.

Chief Manageri

HONGKONG SAVINGS BANI.

THE Bovine of the above Bush a candadać by.. the HONGKONG AND SHANGHAI BANKING CORPORATION Rules may be obtained as application INTEREST of deposits a`zŭowed on the sem

imum monthly balances at Uzi per vess par meER

Depositors may transfer, at beis eption, balança - of $100 or more in the Hongkong and Shanghai Bank 13 be placed a FIED DEPOSIT » 1 cats, per act

tion.

For the Horglong and hanga Banking Corpora

N J. STABB.

Chief Managet,

THE CHARTERED BANK OF INDIA, AUSTRALIA ANI CHINA

Incorporated by Ɛoya) Czmetus 1853

PEAD OFFICE-LONDOR

PADE? CAPITAL

REAFRYE FIND

RESEKTY LIABILITY OF

PROPRIETORS

FOREIGN EXCHANGE -

beve traĽNICLES,

marai •Funkinį

********* ACCOUNTS open nad FEELI DEPOSIT Rivet for peas un saureer points, st rates which will be quoted en applications

T. C. IOWATNI,

Manage Hongkong, 11th April, 1912

THE MERCANTILE BANK OF .

INDIA,LIMITED.

Head Office 13, Gracecharo

Street, LobooD,

Authorised Capital.....£1,500,0 Subscribed

Paid Up Reserva Fund

+

....... 1,125,000

PANKERB

The Rack of Enemad.

-562,5/ 0 600,000

The London Stock Ph

ERCHEFFIN

Xarachi

Kota Bhar Каль Хамерет

"Fening

Kangoon

Share and General Brokers,

Princes Building.

Tél: address: Broker.

EXCHANGE.

Demand

30 Bls.

60 dis.

SELLING.

4 m/8..........

2/F3/ 2/6 13/16 "2/6 15/16 2/7 1/16 21746

Nom.

109 1194 Kom Nom

61

T/T Shanghai... T/T Singapore T/T Japan Demand, Indis...... F/T ladia T/T San Francis-1 co & New York) TT Java........... 14634 T/T Marks... Nom. T/T Francs....... 3.51 Demand, Paris

BUYING.

$.52

4 mlá. LIC................................ 2/796 4 m/s. D/P....... 273/4

6 m/s. L/C NEWS 2/778 30 ds. Sydney &Į

2j7% Melbourne ***?

30 d/s 8an Franc-1 isco &NewYorkj

6214

4 m/s, Marks .......... Nom. 4 mis. Francs...... 36444 6 m/s. France ...... 3.6914 Demand, Germany.. Demand, New York, 613% Demand, Bombay... Nom. T/T Bombay

T/T Calcutta Demand, Calcutta... Nom. Demand, Manila 122 Demand, Singapore. 109.

4 prem On Haiphong On Saigon surna 334% prem On Bangkok......... 6. Sovereign ********* 7,75 Nom. Gold Leaf, per oz. 45.70 Bar Silver, per disse

SUBSIDIARY COINS.

-DISCOUNT PER $100: Chinese...20 cta. pieces 4. 11⁄2 %dis.

hinese, 10 Hongkong 20 cta, pieces Hongkong 10.

4.12 %dia.

par,

18:45 13, 14

NOTICES.

L48 PM 10 2.15 EK10: 5.33 1.0

145 1.34

1.18

145

6:00 2.1

.

·

Fombay

Calcutta

Colombo

Delhi

Gaile

EVET 15 MIN.

W

Hooghorz

1

Контад

Kandy

มาน

30 MIN

800x NIGHT CARE.

130 VAL. 14 5 2.5 9.30 of

1.30 Ax

1.800.3.

[160 XM, POry fun hour.

TLÖG PM, 10 L1,45 PL avery term of water

SUNDAYE:

16.30

2,00 M ILMĀM SO I TRUL SUON

100 1.30 $5 SM TAL LO Ward tạ

LOU ...

100 y

620 T_M. t.nr.

A ra 1

* SIGHT (AXS arar: Week Day

BATUR:MTS:

Extra Car at Wing

SPECIAL CARE

by astrogestant at the Company ORA,

Alesandra · Buldice

Des Voeux Bond.

*Season 2nd ptzob. Bekete vua

to

not lady tall, samẳng me she fixes - maturit in the Company's tiene tables, TAN VAR List Vis art, cha bu votkalord yan application, «n the Camplay's Odien :UNA Beauch, Dicket will be hmm sod payment veretur: Ime that tead in Bank Kerat ca by Chase,

MINT, ozder repeneutice Hack Soek

JOHN D, HUMPHRIES Allaha

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

Loss on Martpies of Rous Preparker, da Goode troefvad en morge. Advances scade co Merchandise. Lönes sonda on the Evovićect Systems.

TERMTER, EXECUTOR OF WIZZE, APTORRY, Me. Undertaken sal kravdat. Bakos sod Parkanlars on sypilontées) · To the Uffles al SHEWAN, TOMES & CO.,

General ManÄROTS.

MARTIN'S

8STEE SEKSEPIL

APIOL

dinals done may be Gőzítetares. Tāone whe

HERZEN, Chendat, Mosthampton, Rng.

MARTIN'S (PIOL

.

Part Lou Crachios)

+ Langbal

Stapapor

MONGKONG BRANCH,

Every description of Esmag, and Zachange beginst transacted.

ره

Interex alioumber Curient à ceaunts at a pas cami per annum on Baity Balances, and on Fized Depos si rata which may be ascertainai su application..

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING

CORPORATION.C

HEAD OFFICE:

3. Was S... Ferg York.

LONDOS OFFICES. 26 Bishops. CAPITAL & BUBPLDU HA 36,500,0 UNDIVIDED PROFITS UL. $3,020,0

17.5. $7,310,00

BRANCHER......

BOMBAY KOBE

CALCUTTA

CANTON

COLON

BASK

LONDON MANIL

"MANTO DOMENDO·

SHANGH

SINGAPORE

MEDELLIN WIEUTEN PANAMA YOKOHAMA PEKING.

HONGKONG SAN FRANCISCO

Through its close afilistien with The Vatika

City Bank of New York, the Bank jó sõit le sier the Services of the Eranches, ofthat 7públicas #Clas South America, and einwhere, nawakar

BAHIA, BUENOS AIRES,

BATAYI MONTEVIDEO.

RIO

SANTIAGO DE CUBA, SAKITOS, BAG FAULO, PETROGRAD VALPARAISO, ON

All kinds of. FOREIGN & LOCAL BAŃKINS,

BUSINE 85 ct.

CURRENT ACCOUNTS passć and FIXED DEPOSITS received az emerne, be escortjand man Application.

GEORGE BOec...

Hongkong, 26th September, 1916).

THE

УОКОНАМА ВРЕСТЕ BANE

LIMITER

Established 1880... Authorised Capital Ter 48,000.009-- Paid-up Capital...

Reserve Funderasse 24

Head Office-YOKOHAMA

Branches

KADO Antung-Hsian tee

Bord bey

Changchap

Fangtina

Hartan

Hacker

Boodal

Fabe

London Lyons

Log-ngason

Interest slowed on Oufvent roosived for fanā perioda sa pades an application,

FISHI ONO, Manager,

Hongkong, 12th March 1917