1918-07-19 — Page 9

THE HONGKONG TELEGRAPH, FRIDAY, JULY 19, 1918.

COMMERCIAL NEWS.

Hoarding of Silver.

The following Regulation under the Defence of the Realm Act was made on May 18-No persCO sball after the 27th day of May, 1918, bave or retain at any time in his possession or under his control, silver coins current in the United Kingdom of value axceeding that of the amount of silver coinage reasonsbly required by him at that time for the par- poses of the personal expenditure of himself and his family and of his trade of business (if any); and if any person acts in contra- vention of this regulation he shall be guilty of an "offence against

WITH THIS MACHINE

"HER EYES NEED NEVER LEAVE HER COPY"

RESULT

ADDITIONAL

SPEED

BUT

NO EXTRA CHARGE

FOR THE LATEST DEVICE IN THE

these regulations. To say pr SELF-STARTING REMINGTON TYPEWRITER

oeedings for contravention of this regulation the burden of showing what amount of silver coinage is reasonably required for the parposes aforesaid shall rent apon the person charged. Any person who sells or purchases, or offers to sell or purchase, any coin current in the United Kingdom for an amount exceeding the face value of the coin, or accepta any each coin in payment of a debt or otherwise for an amount! exceeding its face velas, shall be guilty of an offence against thess regalations.

Chinese Cotton.

Meears. J. Spunt & Co.'s week- ly cotton market alioular for July 11 states The placid course of the cotton market has again beer disturbed by oross currents in the shape of an exceedingly" favourable Barsau report issued in America, giving the conditioni of the cotton crop there at 85 88, which in round figures represent orop in the neighbourhood

of 15,000,000 bales. Naturally

Each

a large orop wse

far from what was general ly expected, and

bence B

slamp on the Osks and local markets. Whether the report mentioned will be enheten isted remaine problematical, and we

would therefore sak our friends! here to adopt a cautions waiting policy, as there are many critical periode to abridge before the final out-tera of the new: crop becomes generally known. Taking the situation on the whole, we are of opinion that the local market for the coming season cannot be irfaenced so much by the American report as hitherto, as owing to the peculiar situation brought about by the present war,

Japan's. Foreign Trade.

The NEW invention permits your

Typist to keep her eyes on her copy.

The machine does't have to be looked

at, or the scale watched. The time-

saving is automatic. There is no other Typewriter like this. Fully protected

by Remington patents.

SOLE AGENTS

The Self Starter, while adding to

speed, adds nothing to the cost of the

Typewriter. It is part of the machine.

We are constantly making demonstra- tions, Shall we call on you? It will not obligate you in any way. "Phone or write for a demonstration.

MUSTARD & CO.

situation, yet the rale seems to

4. Des Voeux Road, Central,

Tel. No 1(86.

The Silk Market..

to be presented to Congress has 16-Mesers. for its object the establishment of

T/T

hold good, the excess of exports andon, May

in the firet kalf year being smaller Chabrieres, Horel and Co., report the right of seaport towns to

in the first six months.

EXCHANGE.

SELLING.

3/336

3/35%

3:394

3/376

3/4

Nom. 141

than that in the second ball on the Lyon's silk market: To declare themselves to be free Demand......... is accordingly expected that the the numerous impediments which porte under conditions laid down 30. second eix months of this year trade bas already to put op with, by the Secretary of Commerce. 60 dis..........

Foreign 4/8.................. will show a greater increase in trave been added recent law The creation of a exports than has been witnessed relative to the import of goods in Exchange Bank, which it is pro FIT Shanghai...

14714 general, and to the transfer of posed to place under the directio: T/T Singapore

to of the Federal Reserve Board. IIT Japan country оде funda from

Nom. also foreshadowed.-(US/T India ........... Simultaneously the was

Demand, India...... Nom. Britain's Commercial Treaties. other.

T/T San Francis- The Government's decision to suspension of commercial trans Commerce Reports.)

co & New York} denounce all "commercial con-porta between France, England, ventions containing a general Italy, and Bwitserlad has more clause regarding most favoured especially affected our market, nations" is a very important and bad led for a

desdlock. in development in British commer-

of

01:

*

**Her Grace of York."

In considering a resolution

7814

TIT Java............... 1504 T/T Marks. Nom.. TT Francs 4.481 Demand, Paris ...... 4.49:

BUYING.

4 m/s. L/C......... 3/4/4 4 m/s. D/P 3/478 6 m/s. LO..

BANKS

HO

SANK OF CANTON,

LIMITED.

SHAD OFFICE, HONGKONG

JOREIGN EXCHANGE and

General Backing Business

Fransacted.

INTEREST ON FIXED

DEPOSITS:

Far 3 Months 3% per annum.

ני

For 6 Months 4% per annum.

For 12 Months 44% per annum

LOOK POON SHANĮ

Chief Manager.

BANQUE INDUSTRIELLE DE CHINE.

Subscribed Capital,....... Franen 45,000,ƒ00.

·22,550,000, Faid up

(14 of the Capital, in France 15,000,000 subscribed by the Government of the Chiness Repablie.)

Chairman of the Board of Directors André Berthelot. A. J. Pernetta. General Manager

HEAD OFFICE: 74. Rue Saint Lazare, PARIS.

RRANCHES; PERING

SHANGHAI TIENTSIN

HONGKONG

BANKERS;

SAIGON FLAIPBONG YUNNANFOU

La FRANCE Société Général pour favoriser le Developpement du Com- merce et de l'Industiie on France' LONDON...London County & West-

minates Bank, Ltd.

NEW YORK... Redmond & Co. Correspondents in the chief commercial

centres of the world.

Telegraphic Address; CHIBANKIND,

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

Every description of Banking and Exchange business transacted.

Special facilities for French exchange.

M. ROUET DE JOURNEL, Manager.

HONGKONG BRANCH,

Queen's Building.

5. Chater Road

NOTICES.

NOTICE

BANKS

[ONGKONG & SHANGHAI BANKING CORPORA-

TION,

Faid-up Capital .........$35,000.000 RESERVE FUNDS:

Sterling

£1,500,000 'ai zi-

**$15,000,000 Silver $19,500,000

$14.500,000

Reserve Liability of

Proprietors............$15,000,000

COURT OF DIRECTORS. Fon: Mr. P. H. Folyos)... Chizirana. 3. T. M. Eakins. Bet Deputy Chairman. & E. Dorrell, Esq. W. L. Patrenden, Wade 6.5. Dabber, Bat J. Plummer, Kaq." Hos Mt. D. Endai Eon. Mr. E. Shabla, E.V.D. Par

MAMASKE Bengkung-N, 2, Bandh, Sa

MANAGER

Shanghaima, Q, Stephan, Eru, London Banker London County wAA Westulaster Bank, Limited.

Hongkong-Interest Allowed 1

Ca Current Accounts at the rate of 1 per caso p

sanum on the daily balancs,

ON FIXED DEPOSIT.

For 1 months, 23 per cent, per aAAWW) For 6 months, 2) par cast, par asanal

I wonths, « per cent, per annum) N. J. STABB.

Chief Managezi

HONGKONG SAVINGS BANK

THE Busions of the abom Bank is mondacond by the HONGKONG AND SHANGHAT BANKING CORPORATION, Sales may be obtained on application) INTEREST on depuilta la allowed on the unha Imam monthly dilancia at §3) per cent, på soRKI. Depositors may wanatur, at ibair option, bahamens of $100 or mor to the Housing sad Thanghai Bank to be placed as FERD DEFORE * 4 'DINA, PET ANDRIA

For the Hoogkong and Shangbal Bankkür Corpora

N. J. STABB,

Sca

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND

-CHINA. -

Incorporated by Royal Charter 159)

READ OFFICE:—LORDUN. PAIDUP CAPITAL £1,500,000 RESERVE FUND

BESERVE LIABILITY OF ."

FROPEIETORS

www803,500,000

PORMIGN ZICHANDI and Geomal· Backing -

business transacted. CURRENT ACCOUMKE openď mi yukxX DETOSITE received for 1 youY OF ADOREM ÞURÍODE. raise which will be anoted on application.

T. C. DOWNING

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA, LIMITED.

Tel 2440 Head Office 15, Gracechural

Street, London. Authorised Capital ...... £1,500,000 Subscribed

PEAK TRAMWAY CO.

LIMITED.

TIME TABLE

9/516

Melbourne...

isco &New York)

3/544

7934

Nom.

500 Д.Ж. 10

STAY IN MOR

MA to

20 M

11.30 AM

IS B

LE GEN.

W MIL

LOS FL 10

KIS PAL

B

HIGHT CLEA

Zi

15734 Demand, Singapore, 141

114% prem. 174% prem

Carrying on in the Schools. time to

Over 100,000 students (two transactiona thirde girle and women) attended on the LOO. evening institutes last Dial policy. Lord Balfour of April has has been Burleigh's Committee considered of the dullest months we had 13 session, and the committee report the question of the denonciation go through since the beginning that in view of the difficulty of of commercial tresties and report of the war. As regards the supply the train, tram, and bus services, 30 dis. Sydney & more will depend on the Chica ed against it. Those with enemy of our market in raw material, the darkened streets, and air raide. new crop, coupled by the takinge countries have, of course, been reshipment of the important the students deserve the thanke 30 d/s. San Franc of the Japanese mills, the latter terminsted by the war. In the quantities of silk, which are of the community for not being

4 m/s. Marke case of Allied countries com standing over at Port Said and deterred from improving the

4 mia. Francs.**** 4.6316 being more dependent on the

mercial treaties on the basis New York, is said to be partly national total of education equip 6 mie. France 4.6812 China staple that in past years.

most-isyoured-proceeded with. On the other meat at a time when eo much bai reciproosl

Demand, Germany.. Should baeiuses be anywhere nation treatment are in foros hand, several Japanese steamer been lost by the destruction of war. Demand, New York. 7854 near normal in Japan we feel

between the "Taited Kingdom have left the Eset with fairly.

T/T Bombay sure that they can coneume a

and Italy, Portugal, Basis, the large cargoes. This will evert the

Demand, Bombay... Nom, able rates and hence hasty bearish/ United States, Japan, Serbia, and chance of a dearth of silk; meen before the Lower Eonse of Canter- T/T Calcutts .......... good part of our crop st favour. sentiments should be discounted. Montenegro. There is a similar time, the depleted state

treaty with Rumania.

ritain has commercial treaties on maintained prices for pon Dr. Sparrow Simpson asid that if On Haiphong........

Great stooks in Europe has firmly bury favouring the admission of Demand, Calcutta... Nom.

women to offices of the Church, Demand, Manila Tone of the market: Steady.

the most-favoared-nation basis paresls, in spite of the suspension! with Switzerland and Greece. In of transactions. In the last days they accepted the motion the On Saigon.*.**.**** the case of the Netherlands and of April our traffic with England highest posts in the spiscopoy On Bangkok 4634

Lo Sovereign ***** 600 Nom Denmark, the general principle of and Italy has been reapened, and would be open to wome most-favoured-nation treatment is a better feeling has been prevail. future they might have her Grace Gold Leaf, per az... 45.20 abject to minor limitations. The ing, causing some demands to of York corresponding with bie Bar Silver, per oz... 4813/16 position with regard to Sweden spring up, but a revival of some Grace of Canterbury, It was SUBSIDIARY COINS. and Norway is doubtful; but the moment is scarcely to be expected, pointed out that women old treaty of 1826 with Sweden as long as the great fights in the already patrons of livings, sextoos, Hikong 50 cts sub and Norway on 8 reciprocal North of France shall continue to members of choirs, and church- The question wa most-favoured-nation basis has absorb the attention. Recent wardens,

Yokchame referred to a special committee. from in telegrame operation continued in

bae practice, in spite of the dissola report that the market

and price ton of the anion between Sweden been excited, and Norway in 1905. Outside pashed up 10 francs per kilo

conseqtezce Europe, Great Britain has com higher, "in mercial treaties providing for American orders, and of local: reciprocal and anconditional speculation. The native weaving industry is said also to be in the most favoured-nation

of development. From with the Argentine, Colombis,Honduras, Mexico, Canton we hear that the first orop Nicaragus, Paraguay, and Ven- will reach 9.000 bales. The ezuela. Those with Costa Rica market for European silk han and Liberia sre conditional been deprived of interest. The] Nearly all these commercial firet reports about the next crop treaties are subject to a fixed in France and in Italy are that period of

either the seeds have been pat to hatch Bide as & condition of dan in about the same proportion as

It PB M that last year, or rather more. unciation. the treaty with Japan cannot

According to the latest official returns, exporta during the last ten days of Jane amounted to Y$1,557,000 and imports to 737,301,000, or an excess of ex porte of 13.756,000. Compared with the preceding ten days, ex- ports show an increase of 13 per cent, while a decrease of 37 per cent. is shown in imports. Ship ments of local and cotton textiles showed a decresce, but thie was more than offset by inoressed shipments of tes, woollen textiles, and cotton yarn. The decrease in imports is due to reduced arrivals of raw cotton, wool, and iron and steel, though there whe an increase in imports of rabber and sugar. Exports from the be- ginning of the year to the sad of the first six months amounted to Y808,000,000 and imports to Y839,000 000, exports being in Teens by Y57,000,000, as against 7260 000,000 for the correspond ing period of last year. The excess of exports thus shows a large decrease-and this in spite of the foot that experts show an increDDA of T130,000,000. The reason is that though exports have increas od there was a far greater increase in imports-so increase of no less than 400,000,000 over the cor responding period of last year. This "inoresse in importa isex- plained by larger arrivals of raw cotton, iron, steel, and amohimery, chiefly from the United Bates Before the war it was usual for Japan's foreign trade to show an excess of imports in the first half year and an excess of exports in the second half, War coni- tions have materially changed the

notice on

WAY

+1

off

be terminated before 1923 Proposed Measures for Develop-

Ing Trade. Nothing in Germany is more feared than the zolion now taken. In a recent address given to Where the necessity of reviving representative New England the "most-favoured-nation" agree exporters, at Boston, the Chief ments and treaties with her pre-of the United States Bureau of went enemies is constantly being Foreign and Domestic Commerce put forward as the very corner referred to proposed législation stone offannstrial and commercial that would waist the development walvation after the war. The of American trade. He made moral for the Allies is obvious. It mention of a trade mark bill, is evidently appreciated in the whereby a product tras to specifi United States, and the French ostions may bear, under rules Government denounced its most precaribed by the Secretary of favoured nation reation any Commerce, a distinoties mark for months ago. L, &O, Express, recognition abroad, Another bill

were

DISCOUNT PER $100:

par.

10

5

15

Canton

41

44% die.

VISITING

THE HOME OF

PRIMO

BEER

STOCKED. AND SOLD BY ALL

WINE & SPIRIT MERCHANTS, HOTELS & CLUBS.

H. RUTTONJEE & SON,

WINE & SPIRIT, MERCHANTS,

::

430F...nd à 1.22 0.36 18

LLUS ZX, Hery half hour. 13, 13.5 P.

SVET CORNSar di an boer

·FUNDATĖ

100 as

IS KI

14 X

MISET GÁZS ne on Wank Dars.

BACORDATE

Back Our st

st Muzick arnolar CANI

By Arisagement at the Centpany's QĒM, Alesandrs Boldings,

De Your Bod

*Seas and pones Mateus mrsilakis' forʻpi sam nek alzooky 25, rasning at the dicas Habid das Coucpany's Hope tables, bici not for plat Hats, But be obtained on application at the Dany's OM-No Banus Maker wid De Samas, maŭ payamas voscador han woon mada Dr Bank Hoe

or by saqħa 'se Cuttyradore 206M D. HUMFERWYN &00.K!

THE OHINA PROVIDENT LOAN AND MORTGAGE "CO. LTD.

| (Capital Faid up.....$1,250,099.)

Harizace of Home Projecty, R6.

PROREN, ECROUTOR OF WELL, ARBORIST, AL, Dalaking mal t

(Rates and Partionises an application)

SHEWAN, TOMES & CO., General Managers. ́t

MARTIN'S

Man Khan Padovansara than,hance that?ence: a wale, Ali Chandde ski Moving Bel) Chaine PENDING ONtal, Southam yun, Led

FIARTIN'S

Paid Up

Reserve Fund

****** 1,123,000

BANKERB

The Bark of England.

The Lordon Tolet Stock Bank,

Combay..

Calcutta

Colombo

Delal

Galle

Hongko

Howink

Kandy

BRANCH

Port Loute 12aarities.3

Xarscht

$62,500

650,000

Kota Bharu.

Kuala Langa Madras

Penang

Rangoo

*baaghat

Elugapore

HONGKONG BRANCH..

Every description of Banking and Exchang business tramECİNG.

Interest allowed en Current AccounALE AL ACUM COM per annum on Daily Balances, and on Fload "Deposi at rates which may be ascertained on application f

C. CHAMPKIN,

Acting Manage

INTERNATIONAL BANKING

CORPORATION,

FEAD OFFICE:

15. Wall St., New York-

LONDON OFFICE: 35, Bishopsgate, LC. CAPITAL & BUBPLUS UA $5,500,00 UNDIVIDED PROFITS VA, 21,713,497

CEBU.

US, 18,213,49 BBANCRA an

BATAVIA LONDON SANTO DOMERS B BONBAY MANILA SAN FRANCISCO CALCUTTA MEDELLIN SANTIAGO CASTON YANAMA

DE LOS

COLON

SHANOMAT BANIOW

BINGAPORE HONGKONG FAN PEDRO FOERATAYA

DE KACORIS TERMTEEM

YOKOHAMA

FZKIBG CABALLEROS,

ZOBE

PUERTO.

PLATA

Througt Its clea stallation with: The NATIONAL CITY BANK OF NEW YORK the Bank is able to offer te Service of thi Branches of Ast Institution in Cubs South America, and plumežsen, zoË VʻJurn

BAHLA BUENOS AIRES CARADAA GENGA, BAYAN MONTEVIDEO, WINDOW RIO DE

SANTIAGO DE JANKING CUBA RANTOS

PAULU, PETROGBAD VALPARAISO,

All Hads of FOREIGN & LOCAL BANKING BUSINESS transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rains to be sacurtained application.

GEORGE HOGO,

Hongkong, 26th September, 1916

YOR

THE

́OKOHAMA SPECIE BANK'.

LIMITED.

Established 1880.

Authorised Capital Yen 48,000,000-

|Paid-up Capital ....

Reserve Fund......

42,000,000

23.100,000

Bead Office- YOU

Branches

Bombky

Escacs Ayres

Harita

Hopeluda

Hankow

Zobe

London

Los Angelos

Моле HOTELWAGE Kew Zork

Feking Rangoo

Sowabaya

Makya

internet allowed on Current Amora Den 224 recdved for Exaā perioda AĂ TEŽUH

CAR TISHIONO, MOP, Hanekong 11th March, 3918