1917-07-18 — Page 9

COMMERCIAL

cording to telegraphic report from these representatives, the head office of the company is re- sponsible for the proposal, but it is suspected that the ulterior ofjæ aimed at is to raise the freight tariff. It is expected that an the return to Kobe of it repreeen tstiver, the Sampacki Esi will hold a Committee meeting and

negotiations with Nippon Yassa Ksisha on the

open

ז'

Japan's Gold Reserve.

THE HONGKONG TELEGRAPH, WEDNESDAY, JULY. 18, 1917.

NEWS

ני

HONGKONG SHARE REPORT.

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

OFFICIAL PRICES.

BANKS. H. K. & S. Banks s.

MARINE INSURANCES. Cantons North Chinas

$670

Unions Yangiszes

S

..n.

S.

Steamboats

| Indos (Del.) ***

BANKS.

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and. General Banking Business

Transacted $340

INTEREST ON FIXED :DEPOSITS:

SHIPPING.

For 3 Month's 3% per annum.

.For.6 Months 4% per annum.

n.

2

$95 $18

$1011

3.

$40

b.

120/-

For 12 Months 41% per annum LOOK POON SHAN;

Chief Manager,

$29

REFINERIES.

1

Malabons

b.

$96 $29

MINING

Kailans Langkats

b.

51/6

2. 15}

3.

$2.45

D

п

23/6

321-

Raubs

Tronchs

Urais

DOCKS, WHARVES,

H. K. Wharves

GODOWNS, &C. Kowloon Docks -

Japan's War Expenditure.

Re-Insurance“ of War Risks. |The Japanese embotitutes are · The total of Japan's war expen-

The total reserve of Japan's The Japanese Government has not forced on the Chinese, demanded by them- Ziture sòtually defrayed sinos sha guld specie continues to increase. introduced in the Dist a Bill bat are began fighting the Germans at According to the latest returns, providing for the reinsurance of salver. The main reason is the Taingtag in August of 1914 up to on the 23rd ult, the total amount-war risks. According to the Bill, suspension of British supplies das the end of last fiscal year emounted to Y883,000,000, Y$24,000,000❘ the Japanese Government will be to the war. It has recently been ed to Y186,700,000. The "sam being beld at home and ready to accept a re-insurance of noticeable that British goods provided in the Budget for the T559,000,000 abroad. Compared war riska in respect of an original baye become somewhat loss suit- current financial year is T37,400, with the figures for the 13tb contract concluded by a Japaness able to Chinese requirementethan or by they were before the war begao, 000. In addition, Supplement alt, the portion held at home insurance company ary War Credit of Y105,100,000 shows an increase of Y12,000,000 | Japan branch or agency of abut at the same time it must be

t. 140 bae just been introduced in the and that beld abroad a decrease foreign insurance company which dolg noted that the British char-

$840 Dist. When this amount in taken of Y1.000.000, or an increase of lace pted risks at a premium sc'er is by no means such as to into account, Japau's total war | Y11,000,000 in the aggregate. Blower than that, which has been snder their credit to be lost brough

b. ex 73 $192) FIRE INSURANCES. expenditure up to date amount.

fized by the Japanese authorities, any deterioration of their gorde. to Y329,200,000.

A Japanese Loan.

The objects of re-insurance are to Nor are Japanese goods infefiorChina Fires b.

$149. Sometime ago it was reported be vessels of Japanese nationality; to Britinb, and ses result the H. K. Fires xí

$925

The N.Y.K. Europiao Service,

that the French Government was goode exported" from or imported Chiness demands have torped to Bepresentatives of the Sam negotiating with the Japanese into Japan; or goods shipped on Japanese goods on the supplies Douglases

With regard of British goods being reduced Japanese vessels, paohi Kai, an asacciation of the authorities for a loan to be used principal ebippere in Kobe bare in payment for the munitions of to the amount of re-insurance to owing to the war. It is true that

war bought by France from be accepted by the Government the monthly importe of Japanese indos (Pref.) gone to Tokyo to approach the Japan. It is now said that a decis in respect of a ship, this will be cotton yarn into Hankow-doring Shells authorities of the Nippon Yusension has been reached for the decided by a special Committee the first half of this year show Ferries Kaisha in Tokyo with regard to the

Japanese Syndicate Banks 10 reported proposs of the company undertake a loan of Y50,000,000

to be appointed for the purpose. a decrease, avatazing 47,000 to withdraw all the extra steamers |

bales as against 50,000 balee fast. j Sugars

bean A The Coal Market.

year, but there, has from the European service. Ac. for the benefit of France. In this connection the Mainichi learne that both Rassis and France

great increase in the imports of

cloth. The coal market report issued cotton

For instance. having outstanding accounts due by Mesra. Wheelook and Co. on Hankow imported 5,492 bales of to Japan, the raining of loans in July 5 states: Japan Coal-drill from Japan and 1,030 bales Japan on behalf of the two poua- Our local market has been very from Britain this year as compar. tree has heen merely a question quiet dering the past fortnighted with 815 and 8 395 respective. of time. The Japanese authorities and recent political disturbances ly. Last year 170 bales of grey at first desired to raise a Rosis in Peking will not improve m t-shirtings were imported from loan before the French loan in ters, in fac, it has already Japan and 13,200 bales from view of the fact that the Russian footed the money market and Britain, but this year the reepee: accounts are the larger of the business is consequently at a tive quantities changed to 6,350 S'hai Docks the

two, while there were some pro andstill for the moment and will and 10,008 balea. Judging apects of further new orders be probably continae ed until the poli- by the present conditions, ing received. The Russian losa sical atmosphere clears up. In after ..the WAT. Japanese was about to materialise, when Japan there is a considerable goods will be able to the revolution broke out and com carcity of coal in Hokkaido and hold their ground against British pelled the programme to be alter the abortage, amounting to about manufactures for a few years, but ed. On the other hand excess 150,000 tons, required during the vary keen competition is expected of Japan's exports over imbalance of this year for railway and between the two. The spioning has steadily continued, industrial purposes, will have to mille ran by the Naigai Men importation and as a resuit demands for ex

be made up by shipments from Keisha, the Mitani Banesa Kai bhipped -

change funds have equally in Kioabin-the market, there has aha and others in and about than the 19th instans, except cressed. In view of this state of consequently become very excited Shangbai will show great activity. tes produced in the British colonies. Some forte are being thing, the Government recently for the better clase coala whereas while there will be a gent deve- lasued a domestic loan, and has the stocks of common coals at ship lopment in enterprises ander. made to export Formosan tes to

now decided to raise a French Australia, but as there are only loan in this country. Accordingly, large and it does not pay to ex-rivalry

ping ports are comparatively Anglo-Chinese management. The between British and emall exports of tea from this country, it is not expected that representatives of the Syndicate port them at the existing high Japanese cotton goode will stimu

Banks on the 11th instant met rates of freight.

Apropos of late Cainese spinners, and, reported prohibition will have

at the Bank of Japan rooms and "high freights"-the highest rate moreover, the proposed revision any marked effect on Japan's tea finally discussed the particulars yet reported for "time-charter" for of the Chinese Customs duties, trade. The tes trade of Ching of the proposed losa. It is ex-Japan corating trade has just been when carried out, will lead to however, will be considerably

done

Y.27 00 at

per too the increased activity of British

■ffected, and some adverse effect pected that fall particulars will

be announced in a few days,

dead weight capacity on the steamship companies con-

per merchants," month. Fasban Coal:Supplies cerned is sccordingly apprehend- Shanghai Share Market.

are getting easier. Kaiping Coal: Very little change has taken place since last writing, Freights continue to rise which naturally UNCLAIMED TÉLEGRAMS. tight money' bas again limited the influences the coal market, con- operations on our Exchange and sequently higher prices will have the temptingly high price of to be paid by likely purchasers to silver has induced rather lower cover the incressed cost of trane- prices in the sbare market all portation. Japanese fancial institutions round. To-day however secs the bave informed the Treasury release of some five lakha in Anglo-Japanese Rivalry In Cotton Department officials at Washing, debenture interest, moet of which ton, in response to requests for stays in the port, and a further

Mr. Ito Chubei, proprietor of [Hançi. information about the heavy gold two and a half lakba by repay the Ito Shoten, a well-known outflow to Japan, that their re-ment of an old Manicipal loan, Oaks firm dealing in cotton Macao." quirements in connection with the where however the greater part

maller.

Australian Ban Op: Tea. According to a telegram re seired by the Nippon Tween Kaisha on the 23rd, alt, the

Australian prohibited of tea

Government the

bas:

later

porta

ed. I bere are rumeurs of 'other Messre, A. L. Anderson & Co., Australian probibitions affecting in their weekly share circular, Japanese export lines, bet no dated Shanghai, June 30, state details have as yet been made.The continuance of publio-Japan Chronicle.

The Japanese Demand for U.S. Gold.

Agencies here (saya & New York Hessage dated

May 29) of

and

few weeks.

Trade.

Eastern Extension, Australasia

& China Telegraph Co.

Besnsingh Professeur, from

Chak Bin, Stag Hotel, from

Ho Jeg Hing, 97, Queen's Road, from Pretoria.

Jacks Mrs. from Manila. - Kimhockhoe, from Sourabays. Meiron, from Vancouver. Nak suke Inatadi. Matsubara, from Thursday 1s.

Okuda, Waida Hotel, from

Taipen.

Ossorio Miguel, Hongkong Hotel, (2) from Manila.

Turner, King Edward Hotel, from Nutfield.

Syphens, Princess Juliana, from Singapore Radios

Wingontai, 17, Saiwoo St., frem Haiphong.

J. M. BÉCK.

Superintendent,

AND BUILDINGS. Centrais H. K. Hotels Land Invest.

H'phreys Est. K'loon Lands

S'hai Lands West Points

COTTON MILLS.

Ewos

Kung Yiks Yangiszepoos b.

S'hai Cottons sa.

BANQUE INDUSTRIELLE

DE CHINE.

Capital (34 Paid ap) ... Franes 45,000,000

Presid at

André Berthelot General Manager A. J. Pernoste

HEAD OFFICE:

74 Bus Saint Lazure, PARIS BRANCHES in PEKING. SHANGHAI, TIENTSIN and HONGKONG.

BANKERS.

lo FRANCE: Société Générale pour favoriser le Développement du Com- meros et de l'Industria ezi. France. In LONDON: London County & West-

mintex Bank, Ltd.

Ip ITALY: Banca Commerciale Italiana.

"Telegraphic Address: CHIBANKIND.

Interest allowed on Current Accounts and Fixed Deposits. Termen application. Every description of Banking and exchange basiness transacted.

M. ROUET DE JOURNEL,

Manager.

HONGKONG BRANCH:

Tel. No. 2352

5. Quaen's Building.

Hongkong, 14th May, 1917:

До

$68 $114 t. 94

" LANDS, HOTELS

5.

b.

$95 $98

b

#98

Ba.

$6.95

5.

$33

sa

1,

t.80 $721

7. - t. 155 b. .t. 14,50 L. 1991

£5

MISCELLANEOUS. Borneos China:Light & Pa. Providents. Dairy Farms

D.

$7 $4,50 $7.90

1.

$23.

Green Latanics

n.

$7,80

H.K. Electrics

b.

$48

H. K. Ice Co.,

$151

Ropes

b.

Steel Foundries

n.

PE

Trams, Low Level s." Trams, Peak, old n. Trams, Peak, new n. Laundries

$6,40

- $9,10

cts. 90

4

41 b.

$8.40

7.30 AM to

n.

Watsons

Wm. Powells

b. "

5.

$13

$6

$6,50

Morning Posts

U. Waterboats

FLES

$10

$29

CORRECTED TO NOON WEDNESDAY

JULY 18, 1917,

BENJAMIN & POTTS,

Share and General Brokers,

Princes Building“

Tel, address: Broker.

EXCHANGE.

SELLING.

T/T

Demand 30 d/s.

2/712 2/7 9/16 2/7 11/16

60 d/s.

2/7 13/16

4 rn/e.....

2,734

T/TiShanghai.

Nom.

T/T Singapore

11194

T/T Japan

12238

F/T India

Nom.

Demand, Indis

Nom.

T/T San Francis

6214

co & New York

T/T Java.......

15014

T/T Marks...ar

Nom.

T/T Franca

3.63

Demand, Paris...... 3.6312

BUYING.

4 m/s. L/C...

2/836

4 m/s. D/Pare

2/814

6 m/s. L/C....

2/856

30 ds. Sydney &

Melbourne...! 30′d/s. San Franc-1 isco&New Yorkf

2/85%

4 m/s, Marks

6334 Nom. 3.76

NOTICES.

NOTICE.

DEAK TRAMWAY CO

LIMITED..

TIME TABLE.

3.83 A.K. SO 20.03.52. to 13.30 AM to

BL00 AM 10,00 AM. 11.00 M

2216232

1.15 r.

BANKS

HONGKONG & SHANGHAI

-BANKING CORPORA

ATION,

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

Sterling

►

€1,500,000 at 2/-

$15,000,000 Silver ...$18,500,000

$33 500.58€

Reserve Liability of

Proprietors.$15,000.00#

COURT OF DIRECTORS.

Hos. Mr. S. H: Dodwall-strmer. Fast. F.. Harpere Chairm Wik Hos Mr.CE. Anton, F. C. Butcher, q 6. 7. H. Edkies. Ex

V.D. Pan, Eng WT. I. Fattender, acum A. . Compton, Est

CHIEF MAKASEM

Hongkong. J.Babk, Beg.

MANAGER Shanghai-40. Stephen, Esq. London Barkers-London County `she siminker, Listed.

Hoogkong-Interest Allowed.

On Current Accounts at iba rata zë å pår ca

sonum on the daily balanca,

ON FILED DEPOSITE

For menit. If per cent, peZ SZAUM. For é months, I per cent. per ezzzam For in month 4 per cent, puT ASOREN

N. J. STABB,

Chief ManageA

HONGKONG SAVINGS BANK

THE Ivtiness of the show Bank le conducted by the HONGKONG AND SHANGHAI BANKING CORPORATION. Rules may be cheained on applicatics & INTEREST

on deposin is allowed on the i kunum monthly balances at St per cent per SADUM Depositor may transfer, at their option, bata of Bod or more to the Eadcopy God Shanghai Back to be placed on FOOD DEPOSIT & E | DEAL. DET ANDE

For the Hongkong and Mangbai Banking Corners

N. J. STABB.

tien.

Chief Manageri

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Chann 1955-

FEAD OFFICE: -LONDON. PAID-UP CAPITAL EX. 100, DENİ RESENTS FUND RESERVE LIABILITY OF

PROPRIETORS

FOREIGN CHANGE Asd General Beakent

business brushCIAL- CURRENT ACCOUNTS opened and 12X23 DEPOSITS received for 1 year or unter periods, tates which will be quoted an applikadonj

T. C. DOWNING,

Manager Hongkong. 11th April, 1915,

THE MERCANTILE BANK OF INDIA LIMITED.

Head Office 15, Gracechurch

Street, London.

Authoriser Capital ...... £1,500,000 Subscribed

Paid Up

12

13

1,125,000

582:30€ 600.000

Reserve Fund

BANKERA

• The Best of England.

The London Taist Stock Bank, Link xă

Rombay

BRANCHE

Kota Bhar Kuala Lum» Madra Penang

Rangoon

FEN ME

rakota

16 M

I clombe

DE MIN.

Deliri

24 MIN.

135 P.. to 1.45

148 7.3.

to

1.167..

8.34 M. L

8.00P.M.

6.00 23.

800.

1.40 AM.

FLAX to 18 Hoon to

KIT TO

18.00 Noos 100 PL

500 3

Galle

Hoogkong

Howrah

Kandy

КОЕТ

Karachi

Shanghai

Singapore..

UB.%$7,510,009

Obtainable from all Cigar Merchants,

DISTRIBUTORS FOR SOUTH CHINA: H. RUTTONJEE & SON,

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

6 mila. France...... 3.81

Demand, Germany.. Demand, New York. 625% T/T Bombay

Demand, Bombay... Nom T/T Calcutta...... Demand, Calcutta... Nom. Demand, Manila ........ 125 Demand, Singapore. 111

On Haiphong ....[4% prem

On Saigon 4% prem.

On Bangkoksi

Borareiga

7.50 Nom

Gold Leaf, per os..... 44.

Bar Silver, per oz.... 40 15/16

SUBSIDIARY COINS

DISCOUNT PER $100%

| Chinese...20 cts. pieces 3.7% Zâu.

hizëse 10 an

** ongkong 20 eta, places Hongkong 10/2

ZIGET CARE

6.8 PALANá 9 P.X. 9.30 to 22.00 2.31 overy half hour.

11.00 PAL 10 11.45 2.3. uvary quarter

at hour.

BUNDAYS:

6.50 2.3.

8.00 PX

EVERT 18 MIN.

NIGHT GAYS as on Wrak Days

BATURDATS

Extra Cars Midnight. SPECIAL CARS

By Arrangement at the Commpszy's Office, Alexandra Buldings.

Des Voeux Hood.

* Benson and punch tickets available for all sary not already full reezing at the time stated |3o isa Company's tizzze talles, tai voi for special cars can be obtained no application at the Company's Office No. Season ticket wall be insed uusi payment the-rter has been madr in Bank Nüm or by Crimine or Compradore

Bank Now.

order reprEND. HUMPHREYS & CON

THE CHINA PROVIDENT LOAN AND MORTGAGE

-` CO., LTD.

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

Lonen on Mortgags of House Property, de Gooda nosivad on Storage.

Šévanos zusda on Merchandise. Loans made me this Providens Sydem.

PREMIERE – SECUTOR OF WELLA, ALFORMET, ke, Undertaken and Examstad.

Cases and Particulars on

To the Onice

Plication)

SHEWAN, TOMES & CO.,

General ManaPerk

1

Part Louis (Mauritza?

PONGKONG BRANCH.

Every description of Banking and Exchang business transacted.

flateres allowed on Current à colinos at a pYCHOT personam un Daily Balances, and co Flad Deposi rates which may be ascertained on application

C: CHAMPKIN.

Acting Manager)

INTERNATIONAL BANKINO.

CORPORATION,

HEAD OFFICE:

55, Wall St, New York

LONDON OFFICE

26. Bishopsgate EC. CAPITAL & SURPLUS, US $6,500,000 UNDIVIDED PROFITS US. $1,013,006

BOMBAY CALCUTTA CANTON

CEBU. COLOX

BRANCHES ---

BANTO DOMINGU LONDON SHANGHAL MANILA FINGAPO}

MEDELLIN TIENTSIN PANAMA YOKOHAMA PEXING

HANKOW HONGKONG SAN FRANCISCO

Through its close affiliation with The Natiori City Bank of New York, the Bank is able to offer thứ Services of the Branches of that Institution to Cape

•Boath America, and clawhere, Dialy

BAHIA, BUENOS AIRES, GENŐA, HAVANA MONTEVIDEO. RIO DE JANEIRO SANTIAGO DE CUBA

PAULO, PETROGRAD VALD BIJOS SAG

All kinds of FOREIGN & LOCAL BANKING BUSINESS transscteda)

CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be ascertained or application.

GEORGE HOGG.

Hanager

Hongkong. 26th September, 1918-

THE

YOKOHAMA SPECIE BANK

LIMITED.

Established 1880,

Authorised Capital Yeo48,000,000. Paid-up Capital... Reserve Fund.........

sad Office. -YOKOHAMA,

Branches Antking-Halau

Calcutta Changchaku

Dairen

Barbin

Haskow Kamotelu Kobe

Láno-Lang London

Lög Angalen

owed on Caprett, Lason

rosived for fixed yerlalu st zAGOG

RISHI ONO Manager, Hongkong, 12th March, 1917

LA INSULAR CIGARS

THE OLDEST CİGAR FACTORY IN MANILA

export of gold for the next three goes to Hongkong. Qactatione goods, recently returned from an months will probably be about generally show lower rates, but extended business trip in China, $50,000,000 (£10,000,000). Is especially so among the rabbers On the subject of Japan's cotton is explained that the gold is where the twin factors of bigher trade in Chica he says: Siree required to pay India for cotton. exchange and lower rabber have Japanese merchants fought a At the same time, it is known exerted à combined it fluence, bard fight against American that Japanese bankers, other However, the action of the goode in North China sore years private interests, and perhaps the Indian Government, a we go ago, they have steadily in Japanese Government,

are to press, is having a lowering proved their position and bav arranging to parchare here French effect on exchange and better obtained firm footing in the British securities, which prices may obtain next week, markets in thig part of China. should moderate our gold exporte. Cottons have remained steady In South China, where the position The Bank of Taiwan (Formosa) but quiet: The closing rate to of British merchants was quite will open a branch here within a day for T/T on London was 39/;ailable, the European war the Dollar rate being 12.05. bas fortunately turned the tables The Freight Market. Company Meetings, etc.-Ko altogether, sud Japan now exporte Messrs. Wheelock and Co.'s chiens:-The accounts for the cotton cloth as subetitute for freight market repart, dated July 17 months ending at alting British goode in addition to the 5. states: As regards freights to show a profit of Tis. 5,506.69 and usual exports of cotton yarn. Hongkong, July 12, 1917. Europe the position remains un- this, together with the sum of Tis. changed and we have nothing to 43,200.71 brought forward from add to our last report as the last year, it is proposed to carry Government control of shipping forward: the meeting will take ffectually precludes any mercan place an 6th proximo. The sale tile activity and there is conge of the concern to Japanese buyera quently nothing to write about, has received the connent of the Via Pacific:-Freights continue British Government, with some strong across the Pacifie and the restrictions, one of which pre- advance anticipated in our last to cludes the setaal transfer taking. Gold $50.00 per ton for general place qatil after the war.. Kota cargo bsa daly come about and Bahross-The meeting is to be takeeflect from the Ist instant. held, on 3rd July, when the share- Coastwise Trade in our north-holders will be asked to vote the ern market has been fairly setire disposal of a divisible balance bỊ during the period under review payment of a final dividend of and exporte from river porta were Tls. 055 (making Tis. 1 for just beginning to revive, but the the year, by writing Tis coup d'etat which has just taken 11.845.49 ¿f various accounts, place at Peking by which a Man (chiefly "Development") and Emperor has again been carrying forward Tia. 4,387.77 wond on the Dragon Throne is | Sangalas :—The meeting is called "bound to have an adverse effect for 11th proximo: kccounts not on the coasting trade and bas yet to hand. Tanah Merah :-The already made itself falt in bank Directors will propose af the meet- ing ́buriness. At this early ing to be held on 9th proximo stage of the proceedings, however, that s dividend of 8 per cent, be it is impossible to foresee what | paid. Tix. 7,583 54 written of Tla may happen daring the next few | Tarions sosounts, and

5,563,00 carried forward.

dayru

Best Quality Leal. Best Workmanship.

Finest Aroma. Lightest Colours.

..

3%dia

MARTIN'S

Lyons

Interest

**

30,000,000 21,300,060

And

Kee Tork

Decks