1917-07-13 — Page 9

י

GENERAL

said, make the meadowa one of the most intensive industrial centres in the country. The land purchased by the United States Steel Corporation is at one of the widest points of the Hackensack River, and has deep water near-- by. It lies immediately back of the large tract. recently taken by the Fundation Company for the Government from the Ford Ralty Company and adjoining it in the tract for which Henry Ford is having plans made for a $10,000,000 industrial plant These developments are but 1 200 feet from the Lincoln Highway, and are near the labour markets of both "Jersey City and Newark The employment of thousands of men by these new industries will make necessary, the erection of

value

a

river for the

THE HONGKONG TELEGRAPH, - FRIDAY, JULY 13, 1917.

SHIPPING NEWS

vide the

and

officers--the

Trade in the House

Cases

HONGKONG SHARE REPORT.

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

OFFICIAL PRICES.

BANKS.

$670

$940

--t. 140

$940

H. K. & S. Banks 5.

MARINE INSURANCES." Cantons North Chinas Unions Yangtszes

B

b. ex 73 $190 FIRE INSURANCES. China Fires b.

$143 $925

Raubs

BANKS.

BANK OF CANTON,

BIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and Geners! Banking Business Traimacted.

BANQUE INDUSTRIELLE

DE CHINE

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

Presid nt

André Berthelot General Manager. A. J. Pernotte.

HEAD OFFICE:

BANKS

HONGKONG & SHANGHAI

BANKING CORPORA

TION

********$15,000,00%

Pardus Espital .... RESERVE FUNDS :

Sterling

£1,500,000 at 24

-$15,000,000 Silver...318,300,000

$33 500,00

Reserve Liability "of

Proprietors..$15,000,000 COURT OF DIRECTORS.

Han Mr. S. N: Dodwell - lesser, You Mr... Hyo-Deputy Chalent 30 Hon. Mr. G. E. Asta F. C. Butcher,

Mal Partendon

CHIEF MANAGKA Houstong - N. 7. Babb, Kuş v

MANAGED

Shanghai G. Scephes, Ers London Bankers-London County and

Wester, Lhaises.

Hongkongterest Allowed:

te

or

Ca Current Accents at the rate of 3 par veEL

stnum on the daily balance.

ON FIXED DENSITS.

For months, par cett, par anDEM,” For 6 months, per cent, D'I KRALAR, For a months, 4 per cent > ARRA

N. J. STABB,

Chief kanagan

HONGKONG SAVINGS BANK

THE Esiness of the shore Back by condicted the HONGKONG &❤D SHANGHAI BAŊING CORPORATION

Rules may be obtained or application INTEREST on deposit it alsowed on the min ham monthly balances st $1 per CHAL par

Deposios may transfer, at their optim bac

of $100 or more to the Hongkong and Shanghe Bank to be placed on FIEND DEPOSIT as a cent per matter.

INTEREST ON FIXED DEPOSITS:

G. T. X. Edkios

A. H. Csapte

For 3 Months 3% per annum.

The

SHIPPING.

For 6 Months 4% per annum.

Douglases Steamboats 2. Indos (Def.) Indos (Pref.). Shells Ferries

$85

n.

$18 $1011

b;

$40 120/-

129

For 12 Months 41% per annum LOOK POON SHAN;

Chief Manager.

REFINERIES.

Sugars

5.

$96

Malabons

b.

$20

MINING

Kailans

34/6 +15

II.

Tronohs Urals

口。

$2,45 25/6

2.

$2

DOCKS, WHARVES, GODOWNS, &C.

$68

b. LANDS, HOTELS AND BUILDINGS. Centrals

$114 t. 34

S.

H. K. Hotels Land Invest.

b.

b

$95 $974 $93

H'phreys Est. Kloon Lands Shai Lands

B

$6.25

8.

West Points

83.

Да

$83 t. 80 #721

COTTON MILLS.

Ewos

t, 155

..

a.

t. 14.30

S'hai Cottons

t. 124

11.

t. 5,70

5. Queen's Building.

MISCELLANEOUS..

$7..

書:50

$7,90

H. K. Wharves n."

Shai Docks

**

Kung Yiks Yangtszepoos Borneos China Light & P.. Providents

American Shipbuilding,

Singapore Harbour Works.

crystallise the present:: adverse]esptains On May 24, the Main Wharf of situation which abipowners and maximum siłowance being $1 per Through it subsidiary, the American Bridge Company, the the works for the improvement of their shareholders are called upon week has furnished the subject United States Steel Corporation Singapore Harbour was taken to faos-1. The Government of continued representations on is, says a New York contemporary, over by Mr. J. R. Nicholson, have expressed their in the part of the Imperial Merobant preparing to enter the shipbuild. OM G., on behalf of the Board, tention of not increasing the Blue Service Guild, whilst the question ing field, and has purchased as are the Singapore Free Press Book ratse paid to owners of has also been raised in the House site for a yard, sixtr-two acres of Empire Day is a scitable date for requisitioned steamers 2. That, of Commone from time to time the Beckensack Meadows, adjoin the final pore accepting satisfect while present Blue Bock rates by the Chairman of ita ing the Newark branch of the 27 completion of the Main Wharf were fired abortly after the Parliamentary Committer, Mr. New Jersey Central Railroad, and its associated works from the beginning of the war, couts have Basil E. Pato, M. P., who some The land, which was purchased contractors. Messrs. Topham advanced between 60 and 70 per time ago was informed by through Joseph P. Day from the Jones and Railton, who are near cont. without aby correspondent the representative of the Board Newark Factory Sites, Inc., hastily to be congratulated on having increase in the rete. 3. Steamers of a Balf-mile frontage on the Hack garried to a successful and this on Admiralty requisition, all at of Commons, that the master

When the Bae Book rates, are losing money was under renewed consideration. H.K. Fires enesok River and extends back important work.

Dock Co. to day. The increased rates of These allowances, applying also 1,400 feet to Hackensack Avenue, Tanjong Pagar where the site fronta 2,000 feet. expropriated and the Bar-marine and wer risk instrance and to the dependents of captains and bout Works came into the other expenses do not permit of officers taken captiveand interned, Contrary to s recentsupoancement thes the corporation was to build possession of Government, there even ships at under Admiralty the Guild submitted to the Board were many plans to draw and requisition making great amount of Trade that it was not reseon- standard 8,000 and 10,000 ton steel ships, the yard will be used designs to make. To understand of profit. 5. Over 90 per cent, oflable that men should be expected for the production of steel-bottom the steady progress made, it is British-owned tramp toange is to take their ships to sea in sach

requisitioned st boste twelve feet in depth for well to bear in mind the new

Blue Book) circumstance with the only goar service through the Barge Canal, works, in addition to the great rates,

statement antee that their wives and families nich was opened for traffic last step of removing the workshops made officialls in the House would be entitled to an allowance week from tidewater to the Great to Keppel Harbour. There was ten day ago. 8. Insurance rates of £1 per week. Since that time Later, While the basiness of the West Wharf reconstruction, and values are increasing daily, the allowance in the the new yard will be first to the great resort of mail steamers; together with the cost of upkeep, of those taken captive has Langkats provide bottoms for the move the Wet Dock to be made, serving expenses. repairs, wages and been increased. As regir a the ment of foodtmits and other the important purpose of socos stores. 7. It will be practically dependents of those interned since cargoes from the interior of the modating shipping while the Main impossible, ander existing con the beginning of the war who, it country, it is possible that, after Wharf was ander reconstruction, ditious, for shipping oompanies has been held in law, are not but which be amply justified to make even a reasonable profit, entitled to their wages during this work is well underway, vosɛele for ocean servies will be con- itself as an independent part of after allowing for depreciation, this period, an improvement dat ntracted. This development, said the whole scheme. There was the even with 10 per cent. of their ing with the February quarter of Kowloon Docks Mr. Day, was really the first to construction of the magnificent boats not on Admira't requisi- this year bas been made by the King Dock at Keppel Harbour, hon. 3. It is doubtful whether North of England Protecting.and take advantage of the great poa- sibilities of the new Barge Canal. the usefulness of which it is not shipping companies will make Indemnity Asscoiation at, as it Other real estate developments as yet permitted to detail, but any profit this year-bat practice says, its sole cost, on the ground now being negotiated would, he which in future years will be "full sily certain that they will make that in the opinion of the

for money expanded."

heavy loss. 9. Dividends Directors the allowance of £1 per There was the construction of the mast

be regulated by the week which has bitberto been Mole across the Harbour, to pro earnings of the company. Il granted "is anomalce and in tact the smaller ships while load- there are no earnings, but a loss, sufficient." This being as the ing and unloading, with its there can of necessity be no Guild has put it to the Board of stretch of wharf, and, eventually, dividends with the present uncer Trade that it is unfair and impro the boat barbour, certaintainty. 10. France, Italy, and per that discrimination should be

time to replace

the Belgiam are to-day encouraging made in allowances of this kind, working of shipping, not penslising it; some and that if improvementsaro made cargo from local steamers for of our colonies are doing likewise, in one case they should be grant traneit either to godown or ocean Brixiah shipping has been the ed in all. Mr. Peto has also sup going ships. Finally there was the backbone of the country's ported this view in Parliament the Main Wharf to replace with wealth for over fifty years, despite and the Guild is now inform solid concrete the old timbered Governmental assistance and ed by him that the question structure, with a greater depth of enbeiditing on the part of com- of the amendment of the Govern. water alongside, more extensive pating countries. 4 blow which ment echeme is now being con and more easily worked godowns, strikes at the shipping industry sidered and that the Board, of roads, railways, and accessories strikes at the heart of the people. Trade hopes to be in a position. This Main Wharf is 4,570 feet Fewer ships mean increased to

announce the result, very long and the foundation goes coats; with no prospect of being shortly. Another subject of down to great depths to secure able to pay for ships or earn a unfavourable comment in the stability. All the accessorise of return on ospital, no owner will merchant service is that, whilst godowns and building cannot yet build. 11. Government manage concessions are made to the be completed in accordance with ment of ships has, so far, not officers and men of the navy and the plane, from the difficulty of proved as efficient or economical army when taking leave amount- getting the material from Home ga private ownership.

ing really to free railway passes during the war, some of the

- Kaiser Rock Buoy Movede nothing whatever done Sir Walter Banciman, in the gedowns on order being comman-

Notice is given that the Ksieer þîn their CBSP. Through course of a letter to Fairplay, thas deered and now in use

Rock bang, marking the Kaiser their representative Society, the exurernes himself on the subject munition works. It is marvellous Rock, Saasba (S) Inlet, hae Imperial Merchant Service Guild, BENJAMIN & POTTS, of the Government's proposals: that while the great war is going been moved and is now moored they have arged that owing to the "A greater crime could not be or, each extensive works for the

to the eommit of the rcok. nature of their duties and to the perpetrated than to risk sven the accommodation of peaceful com- During extreme low water the mental and physical strain upon

abould the merce temporary weakening of

baoy is kept off the rock by a them, leave is essential when it is mercantile service at this time of carried

80 successfully submerged fender boom. The possible to take it, and they com. material and old coal characteristics of the bady have plain that in doing so they should crisie by giving a bribe for the Old

be saddled with the general in- co-operation of the Labour Party, chede have been atilised for The people who talk so glibly the time, and the Main Whart not been changed. about the enormous profite made is now in fall working order, with The Merchant Officers' Status. Crease of 50 per cent. in the by the large shipping community caly a little "redding up" to be. Although we hear so much, zailway fares-which they are ill do not know the first elements of done. It will look very imposing both in Parliament and in the able to afford, Similarly their Prees of the splendid schieve. wives have complained that the intricate subject. Their view when the other streets of ware- of creating credit is by a process houses have been completed mente of the British mercantile where officers and men of the of destroying it, and with it according to the plans which have marine and its value to the merchant shipe are too barily themselves. You cannot touch been drawn up. The railway country in these times of stress, recupied to take leave when in this great commercial industry system bas been carefully thought the Government, says Shipping port, they are given no facilities on the wrong baton without out and the metre gauge connect and Engineering appeara peculi in the way of visiting them. On causing a refl x bound on many with the Feninsula Railway, Boly apatherio in according its behalf of the Guild, Mr. Peto bas other concerns that are brought that actually the goods can be members aimilar privileges saare once again interested himself in into being and exist on it. Take put in the trucks at the Main received in some of the Govern- this matter and has been informed any firm you like, no matter how Wharf and delivered, if necessment services and it is not by the Board of Trade that it is large their profits may appear, ary, at Praiand eventually, pleasant to learn of the constant present under ite carefal con it can be proved that, after excess Bangkok. The line has ye jogging of its short memory eideration, from which it is hoped For many that on this occasion some special profits are dealt with and the to be carried round where For that is required. enormous losses and depreciation Palmer now stands to the Teluk onthe past the subject of the consideration will be given to the plae dividends on its gradual Aver Works and the Baat Har.vernment allowscoes to the splendid work of the rfficers and

dependents of interned merchant men of the merchant service increasing capital which has boar, and that part of the con taken long years to accumulate struction work will be taken in have been allowed for, only a fair band next year. Mr. Nicholson amount for intereat will be-hown. ie heartily to be congratulated on Could it fairly be said, for the resalt of his eight years' work. in-tance, that in the case of one not only fighting against the bat agsiant of my own companies, with a forces of nature, ospital called op.of under £370,- troublesome men. No less heartily 000 and so secumulated ospital | must congratulations be given in of over a million (which took over the contractors, Mesare. Topham 30 years to creste), s 25 per cent, Jones and Railton, of whom the dividend on the former sie a highrat praise that can ba said in 'colo-sal profit,' always bearing that they have made good in in wind the tremendous deprecarrying out what they had ciation that is scorning. with optracted to An.

considerable number of hou303.

Sir Walter Runciman's vigorous Outburst.

a

#

ODL

have

Proposz is.

for

brea

Vessels in the Government »er- Shipping Profits And Budget vio- 2: But apart from this or any ota-rargamas beraieno need for

Circular La Gora received

by shareholders in a well-known any apology. Ta shipping peuple Cardiff and London. steamibip cunngi bat their profits, however large they may appe-r to be, and company pointing out that with they supot mike them without inoressing costs of apkeep, in- the advantage being shared by the surance, &, together with the. whole community in degree, "The unprofitable characer of basiners Grace would have been here at Blue B ok ratey, and Leevy with all their barbarity in less and contemplated increasing of than three months had it not been fixation, it will be pricicl

spirited forethought impossible to make reasonable you like) of the bent of profits after making allowance ventated into this form for depreciation. Tue following

facts dariained in the cironlar.

ja

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 An ideal beverage for summer months.

beer.

J

Stocked by all, Wine and

Spirit - Merchants and Hotels in the Colony.

བའི་ཆེས་པ་ ན།

H. RUTTONJEE

& SON.

Queen's Road Central.

|

$7$

$27

Dairy Farms

ከ

Green Islands 1.

$7,30

H. K. Electrica

D.

$48

H. K. Ice Co.. -

151

♫

Ropes

b.

Steel Foundries Trams, Low Level n.

$10

$6.42

old n. ́

$9.11

cts. 90

b.

$5,40

Дж

$13

$6

3,

$6,50

$29

Trams, Peak, l

Laundries

U. Waterboats Watsons Win. Powells Morning Posts - n.

CORRECTED TO NOON FRIDAY

JULY 13, 1917,

Share and General Brokers,|

Princes Building....

Jel address: Broker.

EXCHANGE

c/r

Demand

30 dfs..... 30 d.

4 m/s.

2/736

SELLING.

2/7 11/16 2/7 13/16 2/7 15/16 2/ह

Nom 11244

TT Shanghai.. I/T Singapore T/T Japan-

-12256 F/T India

Nom. Demand, India ...... Nom. /T San Francis-) 624

co & New York! IT Java............... 1544 T/T Marks.............. I/T France ........................... 3.6412 Demand, Paris 3.65

BUYING.

4 m/s. L/C.......... 2/81 4 mla. D/P.

6 m/s. L/C

2,85% 2/834

30 als. Sydney & 28

Melbourne.

30 dis dan Franc-}· isco & New York)

64

4 m/s. Marks ...... Nom 4 m/s. Francs 3.774

6 m/s. France...... 38.14 Demand, Germany. — Demand, New York. 627% TT Bombay ..........

Demand, Bombay... Nom. TT Calcutta" Demand, alcutta... Nom. Demand, Manila 2. 12531⁄2- Demand, Singapore, 1124 On Heiphone

4% prem On Baigon....... 391%, prom On Bangkok. 5. Sovereign

7.50 Nom ́Gold Leaf, per ozi... 43,

Bar Silver, per os

SUBSIDIARY

404

DISCOUNT PRESTO

“binese....zo cts, pieces

hinese...10

ougköng 20 sta, piace Map, Hongkongl

-74 Eve' Saint Lazare, PARIS BRANCHES in FEKING, SHANGHAI, TIENTSIN and HONGKONG,

BANKERS.

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

In-nster Bank, Ltd. In ITALY: Banca Commerciale Italians.

: Telegraphic Address: CHIBANKINIX

Interest Bowed on Current Accanats and Fixed Deposits Terman appletion. Every description of Banking and exchange basmess transacted.

M. BOUET DE JOURKEL,

Manager.

HONGKONG BRANCH:

Tel. No. 2352

Hongkong, 14th May, 1917.

NOTICES.

NOTICE

PEAK TRAMWAY CO.

LIMITED.

TIME TABLE

10.00 AM. 15,00a.m.

1:30 AM to 5.00

18.00 AM to 1. O 18.TAL CO 1.3. to 3.46 7.30 1.16x to

14 P $167.K. 5.00 2.3L

800 PX

NIGHT CABLE.

EVERY 15 Mine,

10 M

25 Mr

39 MIN.

30 Exx.

18 Mpx

6.30 330 and 9 P.M. 9.50 20 11.00 7.3. every hall bong

11:00 PM to 12.15 PAL every quarter of a roar, SUNDAYS:

160 to TELEDAM to 13.30 to

13.30 A 200 A. 100 Noos

100 P. 1. 10. 1:50 PM 10

6.00

Koon to

600 13

to

EXPL

FX to 8.00 12.

EVELT JE M

JE MIN.

15 M.

J

13 MIN.

20

10 MIS.

20 ML

BIGHT CABS us on Wesà Day.

SATURDAYS:

Bites - Car at Kiinjgho

SPECIAL CARS

By Arrangement at the Company's 'Offes,

Alexandre Boudings,

Dea Yang Road

* Basa kod panch tickets avaliabin, för all ma pot already full, razning at the time stated In the Company'a zima tabies, but not for special cara dan be obtained on application at the Coupley O-Ne Begun ticket will be | payment therefor has been made Bank Notes or by Cheque or Compradore ordat reprmenting Back Notes

JOHN D.HUMPHREYS & CO.

THE CHINA PROVIDENT LOAN AND MORTGAGE

CO. LTD.

doo

17

For the Hongkong and Shanghai Banking Carpen

NJ STABE.

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter

PEAD_OFFICES-LONDON,

PARD OF CAPITALamowa klab, 800 RESERVE. FUND RESERVE LIABILITY O

PROPRIETORS

PORRIGN EXCHANGE and Gussen). Zusätze

business manacted. CURRENT ACCOUNs goed and FIXES DXPOSITS received for 1 year or sporter perioda, t cuts which will be quoted on applica T. C. DOWNING,

Kanaga Hongkong, 11th April, 1913.

THE MERCANTILE BANT OF INDIA, LIMITED.

Head Office 15. Gracechurch

Street, London,

Authorised Capital ......£1,500,068 Subscribed

Paid Up

Reserve Fund

*.1.125,000

******* $62,586 600.000

BANKERS:

The Bark of England

The London Fist Stock Bank Limit

Combay

Cucates Colombe Dethi

Sallo

Hengen

Howiak

Kandy

BRANCHES --

Por: Lena (Maui)

Karachi

Kota Bbere Konix Lamps

Madras

•Rangoon

Shangha

Singapore

FONGKONG BRANCH

Every description, of Banking and Exchang business transacted.

Interest allowed on Current Accounts at pro per annum on Daily Balances, and on Fixed Depo at rates which may be ascertaised en spplication.

C. CHAMPKIN.

Acting Manager.

INTERNATIONAL" BANKING.

CORPORATION,

HEAD OFFICE:

13. Wall St., New York.

LONDON OFFICE

36, Bishopsgate, E.,C

CAPITAL & SURPLUS, UAʼ$8,300,000 UNDIVIDED PROFITS, GA 11,010,000

BOMBAY

CALCUTTA CANTON

CEBU, COLON HANKOW

US$7,510,000

·BRANCHER :-

XOBY. LONDON

MANILA

BANTO DOMINEN SHANGHAI

FINGAPOR..

MEDELLIN TIENTSIN

PANAMA

PIXING.

YOKOHAMA

HONGKONG SAN FRANCISCO

Through its doce afiarion with "The Nailers

City Bank of New York, the Bénit is able to cões do Services of the Branches of that Institution to Clas South America, BEĞ

BAHIA, BUENOS berk, Tuometyskl

GEROL, HAVANA MONTEVIDEO. RIO DI

ANEIRO SANTIAGO DE CUBAANTOS"," PAUL, PETROGRAD VALPARAISO,

All kinds of FOREIGN & LOCAL BÁNKING BUSINESS transacted.

CURRENT ACCOUNTS opened and FIXEI DEPOSITS received at rates to be scertained or application......

יד,

GEORGE KOGG,

Mager

(Capital Paid up...$1,250,000.) | Hongkong, 26th September, 1916

Los os Marignes of House Property, da Bonds reenivad on Rtorage. AREICON Made on Marchiadica Lease rando mi Sbe Provident Syafie. KASTRUPERTO SAVOR OF WILLA,

ATTORNEY, de. Underisian and Erastiied. Chains and Parkorlars on applicatic)

256 she Dzion of th SHEWAN, TOMES & CO.,

General. ManAP STE

** MARTIN'S

APIOLESTIL

THE

YOKOHAMA SPECIE BANK

-LIMTED.

Established 1880.

Authorised Capital Yen[48,000,000 Paid-up Capital ... 30,000.00

| Reserv Fund.... 4

$300,000

Head Office-YOKOHAMA

Branch

Anderg-Hader Bombay

Changchoo

Festion Hartin

H. najuta

Interest AllowN

appication.

ONO

Hongkong, 12th Marchi