1921-05-11 — Page 2

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THE HONGKONG TELEGRAPH. WEDNESDAY, MAY 11, 1921,

H. K. & S. BANK,

Opening of New Shanghai Premises.

The N.O.D. News of the 5th. iosk, contains a page, illustrated, of desaription of the new premises Shanghai of the Hongkong and Shanghai Bank, the foundation stone of which was laid by H. E. Sir Bailby Alston, the British Minister to Peking, on that day.

The now building is described as "a lordly building" in Neo-Gree style, with a large dome rising 180ft. to the orowo. It will tower up five storeys, and the pictures show a noble structure indeed,

place during a torrential downpour, but there was a great attendance nevertheless. Mr G.T.M. Edkins,

chairman of directors, presided and

among others well-known in Hongkong were H. E. Sir Edward, Stubbs, Vice-Admiral Sir Alexan- der and Miss Doff, Rt. Rev. Dr. C. R. Duppuy, Miss Edkins, Hon Mr. A. G. Stephen, Mr and Mrs D. Johnstone, Mr and Mrs A. Brooke Smith, Mr and Mrs E. Grdon Lowder, Major and Mrs H. Keswick, Mr and Mrs A. B. Lawson, etc. H. E. Sir Bailby Alaton, who officiated, drove from escorted by two very smart troops the British Consulate in a car

received by a guard of honour of of mounted Sikh. Polios and was

the Shanghai Volunteer Corps. From Ioundations to dome the specifications provide for Mr Edkins opened the proceed. first class work. The bank inga with a speech in which he

and atafis of the

will be the last word in paid tribute to the joint building excellence. To carry the achievements of the successive! weight of the treasury and the big managere dome piles 40 ft. long have been Bank Throughout the past ten driver. The foundations coneist years of political unrest in Chine, of a reinforced concrete raft, the he said, the inherent financial main beams of which are seven strength and resiliency of the coun feet deep. In the steel frame of try as a whole had constantly as the building the girders will all serted themselves and, be was con- ba encased in concrete or bricks,dent, would continue to du so. and some of the 'spsus are to be f Mr A. O. Stepben, chief man. 52 feet long. Hongkong granite ager, briefly reviewed the history of will be used as facing and should the Bank's promises in Shanghai, set off a pile that will be a credit recalling a similar ceremony 45 to all concerned, not forgetting years ago. Their predecessors of the architects, Meases Palmer and that time did not look far enough Turner.

into the future, a mistake which, in the new building, the Bank was

The inain entrance to the bank will consist of three arches determined not to repeat if it could 11 ft. wide and 20 ft. high, with a help it. The building would do light of steps 62 ft. wide. Each minate the Bund and provide for areh will have its bronze gate of their future requirements, as for fine design and flanking the steps as they could see, for ever and a will be two braaze lions The day. The building will be an in- main doors within will be bronze, dicntion of our faith in the future revolving and set in bronze screens, development of the trade of China, They will give access to an entrance in the future of this port where we hall surrounded by offices and expect all nations will be allowed opoving into the main banking hall, to trade, peacefully for all time. which will have walls, column and and in the future of the Bank which counters faced with marble and we trust will always maintain its relieved with bronze fittings, and leading position here." will cover an area of 21,500 sq. ft. A marble staircase well give access, bank notes, money and newspapers, Records of present day Shanghai to a inezzanite accommodating were deposited in the cell of the further offices.

Then there will be foundation stone by Lady Alatoo,

સ Chinese banking ball. The after which Sir Beilby Alston, with upper floora sro designed a silver ivory-handled trowel and a. as suites of offices, with four stair-silver ebony-headed gavel, declared cases and six lifts. Precaution the stone well and truly laid. against fire is being taken every. whera. Most of the doors will be

bronze and there will be very little

wood work.

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members of my Legislative Council and that fact alone shows how valuable the connexion between the Bank and the Government has been.

Hougkong depende for its

Sir Beilby Alton spoke of the growth and expansion of these new buildings being aymbolical of the As a Sbaoghai paper says, the trade through out the Far East, growth and expansion of British building will serve to remind wherever the ramifications of the Shanghai that the Bank is a Fur Bank extend. They speak volumes, Eastern institution. Hoogkong, he said, for the services rendered and not Loudon, has the pride of by the Corporation in fostering and holding its head office. Its pre-assisting that trade and in so co sence and its progress are an

hancing the prestige of the British essential part of our eeonumic state. Forty five years ago,"

Empire. The Hongkong and "the

Bank has been the of peace, and to win N.O D. Newry reminds us

renewed things the manager cannot do with Shanghai when

out my approval which I think he Wayfoong produced its first eight Pineer of financial service to the prosperity for wankind.

With the laying of this stone should be able to do and I hope in Chinese Government, of which it! months balance sheet it showed | continues to be the most repre, the annaly of the Bank enter upon a short time we shall be able to re. arntative channel, The greatest new era of continued userulness move some of the difficulties which task before the world to-day is to in the sphere of cooperation, and at present interfere with the Bank's existence on British trade in China

of continued prosperity, we trust operations. friendship

I personally am in and all know that British trade in nations. It is one of the few things to all those connected with it. dehted to the various representa Ciring depende to a very large and

(Applause).

tives of the Bank for their assist increasing extent on the Hongkong Sir Edward Stubbs said: Your ance in the past and also on behalf and Shanghai Bank. Therefore, it my Government. They have would seem to be a rather selfiab Excellencies, Ladies and Gentle- men, I feel it is impossible for me, always assisted in every possible wish to wish continued prosperity 88 Governor of Hongkong, not to way.

without referring to the and success to the Hongkong and say a few words on an occasion eu financial assistances which has Shanghai Bank, but we do all wish important to the institution which been so freely given when we have that that is, the Hongkong and Shang- to call for an overdraft. I refer is so important to us in Hongkong, been compelled, like many others.

bai Bauk, so I need make no ex: rather to valued advice which hash cuses for speaking on the subject, always been freely at our disposal. Relations between the Governor of I would mention also the deep

& profit of $225,055. There were some very critical years in the carly seventies when the very life of the Bank was in jeopardy.

But these were survived and the

cultivate

amongst

net profits last year after allow-really worth while. If we Britons, ance for every possible claim were

who should always remember that we are guests in this country, over $12,104,000, with a re-

lived alongside our Chinese boats serve of £2,500,000 in gold and $21,600,000 in silver.

on any terms but those of close It may friendship, we might wall describe even be one day that the new bulding tray have to be enlarged, the situation as barbarie. Common if the progressive increase of the law, order, peace, every past fifty yours is maintained. Sir thing that is just and right, de. mands honour and fair dealing in Thomas Jackson was scoffed at by our relations with the Chinese

YOU ARE JUST AS OLD many people in Hongkong when he After that, co operation is the

as you feel. A pair of correctly premises on their present mes keystone of all successful enter- Hongkong and the Hongkong and debt of gratitudo. I owe to Sit fitted glasses is a powerful factor insisted on rebuilding the Bank'e But he was right and the scoffers prise itt China, Ladies and Shanghai Bank have always been Newton Stabb for his sound judge

making you feel young.. Gentlemen, on UN is laid the of the most friendly nature and our ment and rendit oss wrong, and some of them have

to help in Efficiency demands that you since had to pay in their own

high destiny of being inter-associations have been very in every way, which always were wear glasses if your eyes are not businesses for their scepticism; and preters and mighty smiths-timate in the past, are so in the impressed upon me." Ic is a great perfect. Fully fifty per cent. of we believe that if "T. J. hart interpreters to our own people of present and I trust will continue to pleasure to me to think that the people who do not

the qualities of the Chinese, and be so in the future. My memory plauned for more extensively than to the Chinese, of the qualities of hardly goes back so far as Sir that His Majesty conferred many are unaware of the real on my recommendation glasses should do so. A great he did in Hongkong, his successors

our own race, great qualities which Beilby Alston's, but for the last 20 knighthood him, not only condition of their eyes until the to.dey would not have been sorry. each possess, however much they years I have had considerable deal for his The influence of najestic buildinga

services to Hongkong examination 迪 made. The on the energies and imagination of may be obscured occasionally in ings with the Bank aud have but to British trade in China.

Hongkong Optical Co., Succes- those who LIKE

them cannot be the eyes of the other by misunder- always found its representatives to was also most fortunate in persuad-surs to Clark & Co., Refracting be most helpful to the Governmenting, with some difficulty, his sue and Manufacturing Opticians, exaggerated."

standing and misrepresentations- mighty smiths to forge the links of Hongkong, with which the Bankssor, Mr Stephen, to accept a located in 53, Queen's Road Cen- SPEECH BY GOVERNOR OF of that mutual respect, confidence has been intimately connected in seat on my Council.

tral, have the equipment to test HONGKONG.

The list of directors which ap your oyes accurately. Testing and understanding which shall at many ways. The laying of the foundation last bied the nations together in

The Book is incorporated in pears at the end of the programme the sight and fitting glasses is stone of the new building took co-operation, to serve the cause Hongkong and there are many contains the names of two other their oxclusive business.

Maybe Tom Is Only Near-Sighted

15 was

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WHAT TIME DOES THE SHOW START,

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YES, COME ON! I HAVEN'T SEEN AN OPENING CHORUS SINCE WE'VE BEEN

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CAN YOU BEAT IT!! CAME AWAY AND FORGOT MY GLASSES!

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