1918-05-31 — Page 9

THE HONGKONG TELEGRAPH, FRIDAY, MAY 31, 1918.

COMMERCIAL NEWS.

Wages in America,

Under the 15 per cent, wege increase by the United States "Steel Corporation" which became effective April 1 in manufacturing planta, wages of common labour

the war the value has dropped some 266 milliards, while the interest and sinking funds of the public debta bars now reached, if they do not exceed, the total the public debt before the war.

Rubber. Tree Disease.

The Malayan Tim and Bubber

Journal for the second half of

March continues its crusade will be about $3.80 a day, con against the diseases that in pared with $3.30 at present and Malaya afflict the rubber tree and $2 a day st the end of 1915. states that the annual report of been all but the Central" Perak Plantere' Warea have

the

begin-Asociation for last year stiker doubled raince ning of 1916. The previous daily a new note in that it attempts to sverige-wage - payment by the give a chart resume of the dis corporation to all employees ex: sanes of heves. Among these, aluding those in administrative Brown bast is reported as stand bruncher, is around $450 The ing out se being the most trouble adjustment will bring this to the some in Central Perak, sa much neighbourhood of $5 a day. This as 20 to 30 per cent of areas comeres with $4.10 in 1917. from eight to twelve yeara på ege 1329 in 1916. $2.92 in 1915, being sected. The Joseisal sayu $2.88 in 1914 and $2.85 in that if this is so the cituation is a 1913. The annual wages of all serious one where 20 per cent of employees advanced from $677 this one type of sickness nually in 1914 to 8905 in 1915. affected areas that contain bat The advance in probably the a hundred trees to the sore, and most decided increase over that these affected trees are, na institated by the Steel Car regards their vaine es fan seset paration. The fire increases to an estate, machin the same posi during 1910 and 1917 repre- tion na bad debts which may or sented in each case approzi may not be recovered. mately a 10 per cent, gain. Below amount of attention which plan is represented the daily wage of tere have been giving to this common labour in steel mills ailment shows how important and ander increases granted in the

last two years

Feb., 1918

$2.20

May,

1918

250

Dec-,

1916

275

May, 1017

8.00

3.30

Oct., 1917

April, 1918 (sp.). 3 80 The following is a comparison of the average sanusl wage paid esch of the corporation's workers from 1901 to 1917-

1817 1918

1915"

1214

1913

908 1905

1012

857-1904

1911

$1,296 1999 $776.

729 1,042 1908

925 1907 765 905 1906

730 711 677 720 820 1903 801-1902 717 “About 200,000 employees will he affected by the latest advance.| The ingress will add about $45,000 annually to the payroll. Thoes figures represent gold dollars..

1910

War Debts of Europe."

to

The

ANNOUNCEMENT.

IN the absence of Madame LILY who is at present on her way to Paris where she will personally select new Modes and Confections for the next winter and following Summer Seasons, Mrs. Aris will have charge of

THE MAISON LILY..

As it is desirable that in the interim an effective clearance may be made of all present stock, whether new or old, instructions have been given to sell when requested. DRESS MATERIALS.

by the yard. Corresponding concessions will be made in respect of the many other lines at present stocked at

ALEXANDRA

EXCHANGE.

SELLING.

Demand

T/T ME

30d}s-----ཚ་ན་ཉན་རབན་

60 d/s........... 4 m/

3/21

3/214

3/29

3/216

Nom.

135

143%

Nom

Nom.

7514

T/T Shanghai.... T/T Singapore T/T Japan T/T India Demand, India

T/T Ban Francis-Į co & New York/ T/T J87B....................... 150

TT Marks. Nom. T/T Francs.......... 43114 Demand, Paris...... 432

BUYING." 4 m/s. L/C..... 3/314 4 m/s. D/P......

.... 3/31 6 m/s. L/C.... 3/35€ 30. d/s. Sydney &

3/33

Melbourne...m! 30 dje. San Franc-}'

isco &New Yorkf 4 m/s. Marke

7634

Nom.

www

4 m/s. Francs .....! 4:4614 6 m/s. France ...... 4.514 Demand, Germany.. Demand, New York. 755% T/T Bombay ......... Demand, Bombay... 'Nom. T/T Calcutta Demand, Calcutta... Nom. Demand, Manila... 151 Demand, Singapore, 135 On Haiphong 14% prem On SaigonTM

14 prem On Bangkok 4856. Sovereign... 6.25 Nom. Gold Leaf, per oz... 46.90 Bar Silver, per oz..... 487%

insidions it really is, requiring the utmost attention on the part of the planting community and of the rubber tree dcators. It is probably this seriousness that bas arged Mr. Milne to revive the suggestion the general committee of the Malayan Agrioni- taral Conference that the papera and discussions at the forthcom in August sessions should be confined to pests and diseases. For this reason sleo the Journal | counsels that the sessions should not be confined to the Federal Capital and

hopes that the gathering will not only deserve, but will attain "on0+ cosa. This paper continues that Messra Belgrave and Boath meke a noteworthy remark to planters who have had serious resson to de plore the outbreak of the Brown bastdisesseand who may have had visions of a comparatively whole- sale thinning out of infected trees. That is, that it must always be remembered that thie disesse how ever undesired from the point of view of the planter, is¦ M. Alfred Neymarok recently in reality practically harmless to read before the Statistical Society the tree itself.", They add that ac of Paris an donant of the fia-instances are known to them ancial history of the war, writes where trees have been killed by the "Paris correspondent of the this disenes. On the other hand, Economist Ele devoted the many trees are known which conclusion of his paper to s have been badly barred by review of the financial situation of the disease for years and which Europe for the last 50 years from are still vigorous and healthy in this special standpoint. In 1888, appearance except for the barra he pointed out, the total of the showing a good spread of public European debt amounted branches and abundant leaves to 66 milliard franca; 30 years Therefore, it is asserted if infect aga, in the period from 1885 ad trees are left standing though to 1887, the military expenses of the condition of their bark Europe rose to 4 milliards 628 for tapping steadily deteriorates, danger that millions of france; two years | there is no before the war, in 1912, the as- they will die. Moreover, some nual expenditure had reached 10 satisfmotory method of treatment millisede, and to day the monthly may be devised later, and con expenses of the war are in exoens nequently, it is not desirable to of 20 milliards, the estimate being cut those treea too hurriedly, based simply on the admitted unless thinning out operations such action suitable, expenditure. For the same period) render (1885 to 1887) the nominal capital especially when it is remembered of the Public European Debt had that "attacked trees are often the attained tus figure of 117,112 healthiest and beat grown oneé in millions, and interest „and the field.” sinking funds absorbed · 5,343 millions. Before the present war the European public debt was about 150 or 100 milliards, and intereat snd sinking funds atsorbed caly 6.7 milliards of afranca, Today, after four years

af war, the debt is, shout 1,000) #milliards, and interest alone absorba some 60 milliards. In 1912 the gold rezerves of the isonaj barke in Europe had renohed the gure of 12 milliards 880 millions of france, while silver amounted to 2 milliarde 535 mil- lices. Paper circulation at the time amounted to 25 milliarda 173 millions, being only 9 milliarda 437 millions over métal reserves. Paper circulation, exclusive of the pawnbrokers' hilla iesued byý Germany, has almost tripled, and is now in the neighbourhood of 80 to 90 milliards) while gold remur voor inz all countries ez- opting the United States) and certain neutral countries have either remained virtually stationary or have decreased. At the end of 1908 the sum total of securities throughout the world was odkimated at 625 milliards. Brahe end of 1912 the valas had to 800 milliards, bat since

BUILDINGS.

NOTICE.

HONGKONG WAR

BONDS DRAWING

PRIZES.

The sale of tickets has proceeded so satisfactorily that the Committee is now able to indicate a provisional allocation of the 3 big prizes and the 100 smaller Prizes."

SUBSIDIARY COINS.

The prizes given below are, as already advised, DISCOUNT PER $100:

subject to the amount available for distribution being H'rong 50 cts" sub.

par- the sum of $500,000. 10

50 cts.% prem par, 44% d

Canton

14

11

VISITING

THE HOME OF

PRIMO

BEER

STOCKED AND SOLD BY ALL

WINE & SPIRIT, MERCHANTS, HOTELS & CLUBS.

H. RUTTONJEE & SON,

WINE & SPIRIT, MERCHANTS.

In this event:

APPROXIMATELY.

WAR OHARITIES WILL RECEIVE

$25,000 187,500 56,200

BANKS

BANK OF CANTON, LIMITED.

MRAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking Business Transacted.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum.

For 6 Months 4% per annum. For 12 Months 4ì% per annum LOOK POON SHAN;

Chief Manager,

BANQUE INDUSTRIELLE" DE CHINE. Subscribed Capital... Franca 45,000,500. Paid up

22,500,000, (16 of the Capital, ie Francs 15,000,000 subscribed by the Government of the Chinese Republic)

»

Chairman of the Board of Directors André Berthelot. General Manager A.I. Pernotte.

HEAD OFFICE:

74. Rue Saint Lazare, PARIS.

SHANGHAI TIENTSIN BONGKONG

In

BRANCHES: PEKING

,----

SAIGON HAIPHONG YUNNANFOU BANKERS; FRANCE Société Général pour favoriser le Developpement du Com- merce et de l'Industije en France' LONDON London County & West-

minstes Bank, Ltd.

NEW YORK...Redmond & Co. Correspondents in the chief commercial centres of the world.

-Telegraphic Address: CHIBANKIND.

- Intereat

on Current Accounts and Fixed Deposits in Local Currency and in Gold Terms on application

Every description of Banking and Exchange business traumacted.

Special facilities for French exchange

M. ROUET DE JOURNĚL, Manager.

HONGKONG BRANCH. Queen's Building,

5, Chater Road

"

NOTICES.

NOTICE.

Tel: 2440.

EAK TRAMWAY Co.

PEAL

LIMITED.

TIME TABLE.

1.30 L.M.

KOOL.M... 1000 IN.

MER.

LE METH

LTX

13.30

13.42%

16 J

S

■.

4.00.P.M.

BMI.

30 MrM

MJET CALL

- ILDO V.M. #ary half beer.

19.00. 10:22-43 19. M

every quarter of an goes SUNDATE:

19.30 AM. 1LOCK

STAT: 1073.

$80R20 10 6.30 13.

FRESHY CARL5, no sa Tank DK72.

HAUURDATE:

Berk Our at Midnigha...

SPECIAL CARE

BY ATTINENDRÉS as 'tok/Cempany's. CIMA. Alexandra Buildings. De Vosz Kond

• Seneca_sad punch Kekal avilable for 63 Burhan Brandy fall, running at ska sírra vide

Is the Chunkya za MSN, but not for speaki

HE WAY SEEN, DOMING-ON-zango -Kuć

1. vuoli purnoma fonaler Fun been made in_Peak_Mets.de 37 Chagos ir Careprądors

159 614 16101 D. HUMPKRETS ACOS

THE CHINA PROVIDENT LOAN, AND MORTGAGE COLLED.

(Capital Faid up---$1,250,090.)

00 01

BANKB HONGKONGBANGHAI

BANKING CORPORA

TION.

Paid-up Capital RESERVE FUNDS:

Sterling

" £1,500,000 ZI-

-$15,000,000 Silver $19,500,000

Reserve Liability of

Proprietors

000,croi

$34.500,000

-------------$15,000,000 - COURT OF LIRECTORS. Hos: Mr. P. Daly). Chang 20 G. T. M. Tak, Eag-Deputy Chairman 6. B. Dothwell, Ea↳ Fattenart. Wh C. Gabbey, Be Hoa. Mr. D. Lasdale, Boo, Mr. E. Shellin

JA. Plummer, me" E. V. D. Part, Else,

CRIM XAKİSHİ Bongbong-N7, Stabb, Bee,

MARADER

Baghal-0. Stephen, Xas Leading Brakes-London Oisty, and Wasteigner Bank, theitad".

Hooghar-Interest Añowadi

On Current Accounts at the sea of 3 par : 282, Des

extram cu che dally balance,

ON FISEN ERPOSITE.

-For Bonths, 2 per cent, per kinas: Formonale per cent, par AROBALÍ or the per cast. per etansei N. J. STABE,

Chief Manager.

HONGKONG SAVINGS BANK

TEK Babe of the above Bank i conducted BE HOSGKONG AND SHANGHAI BANKING

CORPORATIO

Rules may be pitsland or application St INTEREST on deposits is niewać mi the WS- Imam monthly balances at Bai per cUL, THE SUNKIS Depositor may tranfer, at their eption, balasesi of $oo or more to the Bonchout&and Shanghal Bank to be placed on FaKONDAPTER. Cant per Ban

Tat the Hongkong and Shanghai Sanking Corpore-

N. J. STABE,

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND. CHINA.

Incorporated by Boyni Charter 2512-

HEAD OFYTORŠLONDON PANDUP CAPITAL $1,900Jta RESERVE FUND 2,000,00G HÖNEREYE LIABILITY OF

PROPRI TORS

tomatenmare. @ 2,200, 303 POREIGN EXCHANGE and Secara? Banking

business transacted. CURRENT ACCOUNTS opened ind DXPCEITE received for I yeaz or shon-- periods, th rates which will be quoted on application. 1. C. DOWNING.".

[+]

Manager. Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA LIMITED.

Head Office 15, Gracecharol Street, London,

Authorised Japital .................£1,500,000 Subscribed

Paid Up

1,125,000

562,50€

Reserve Fund BUY CONQUE 650,000

BANKER

The Fark of Ferland The London Joist Stack Back, Limite

BRANCHES

Kombay

Calceita

Ccist bc

Ehelk!

Heaghozz

1/

How st

Gulia

Kandy

Fort Scots (Masstiles.)

Kanchi

Kot Sbara

Kuale lens

Peceny

"beretal

HONGLONG BRANCH.

Every description of Banking and Lachers+ business transacted.

laterest allowed on Current &ccounts ar aparca per annum on Delly Balances, and on Find a at rates which may be ascertained on sppiicere:

C. CHAMPET,

Acting Manage?

INTERNATIONAL BANKING

CORPORATION,

BEAD OFFKT:

55. Wall St New Yor

LONDON OFFKY

4. Bistamense, ££* CAPITAL SUPPLES DS. 16,300,000 UNDIVIDED PROFITS UA 11.719.491

·US. $6.219.493

CALCUTTA

BATAVIA BOMBAY

CANTOS CEBU.

BRANOFPS :-

LONDON SANTO DOMINEN MANILA SAN FRANCISCO MEDELLIN -SANTTIGO PANAMA

DE LOS CABALLEROS, PUERTO SHANKAWAI

· PLATA PINPADEF HONGKONG MAN PEDRO JOERABAYA

DE MACORI TULITSIN: YOKOHANA

COLOK HAKKOW

КОВЕ

There a close aliation: PARK NATIONAL CITY BANK. OF NEW YORK

BAHIA

the Bank is able to offer the Seniors of the Franzber of that Institution in Cars SORTS ammies, kad almerkere, nemolysis

BUENOS AIXES,

CARACAS GESDA, HAVANA KONTEVIDEO. FORGOT RIO DE ANJANEIRO♫ SANTIAGO DI CUBL PERIOGRAD VALPARAISO, A

All kinds of FOREIGN & LOCAL EUSKING. "BURINERS transacted.or

CURRENT ACCOUNTS opened and JIZZD DEPOSITS received at reter to be incercatent application!

GEORGE HOGG,

Hongkong. 26th September 1916-

1st prize

2nd prize

3rd prize

37,500

2 prizes of $10,000 each

(approx.)

20,000

2 prizes of $7500 each

-15,000:

2 prizes of 15,000 each

10,000

2 prizes of $2,500 esch

5,000

7 prizes of $2,100 esch

14,000

6 prizes of $1,000 each

6,000.

10 prizes of $700 each

7,000

6,000.

4,500

4,800

1,300

SHEWAN, TOMBS & CO.

General Managers-

Authorised Capital

Yen

$500,000

Paid-up Capital

15 prizes of $400 esok

15 prizes of $300 each 24 prizez of: $200 esch

15 prizes of $100 each

103 prizes

The closing date for sale of tickets is 12th June and the number of tickets now available for sale is rapidly becoming less, therefore if you have not bought all the tickets you require it is advisable to hurry up and tell your friends to do likewise,

TICKETS $5.00

each.

de

ON SALE AT ALL STORES, CLUBS, HOTELS, BANKS, ETC.

MARTIN'S

THE

YOKOHAMA SPECIE BANK

LIMITED...

Eatsblished:1880.

Reserve Fund...

Fead Office

Bracches

Bombay

1 48.000.000/

42,000,000 23.700,000

YOKOHAM