1925-05-14 — Page 11

BANKS.

HONGKONG AND SHANGHAI BANKING CORPORATION,

HEAD OFFICE; HÖNGKONG, - Authorlsed Capital' – $50,000 000 Irsued and Fully Paid-up. $20,000.000

·

Boservo Fynd Sterling

* 4,500,000*

Silver -

- $20 500.000.

$20,000,000

Reserve Liabilliy of Proprietors

COURT OF DIRECTORS: G. M. Young, Esq. Chairman H. P. White, Esq. Deputy Chairman B.D.F. Beith, Esq Hon. Mr. A.0. Lang W. H. Bell, Faq | W. L. Fattendên, Esq A.H. Compton, Esq, J.A. Plummer, Esq. Hon. Mr.P.H.Hölyonk T. G. Weall, Esq.

Chief Manager

A. H. Barlow, Esq.

Manager: Shangħal~G. K. Stitt, Erg.

LONDON BANKERS: WESTMINSTER BANK LTD. CURRENT ACCOUNTS open- ed in LOCAL CURRENCY and

|

THE HONGKONG TELEGRAPH.

BANKS.

NEDERLANDSCH INDISCHE HANDELSBANK

Established 1863. ...

Paid-up Capital and Reservo Fund Gids... 76,500,000-26,375,000 HEAD OFFICE AMSTERDAM EASTERN HEAD OFFICE-BATAVIA.

BRANCHES.

Amoy, Ampanan, Bandoeng, Bombay, Calcutta, Cheribon, Gorontalo, Hongkook, Kobe, Makassar. Medan, Menado, Palembang, Pekalongan, Probolinggo, Rotterdam Semarang, Shanghai, Singapore, Soerabaya, Swatow, Tegal, The Bogus, Tuntiep | Woltevreden.

LONDON REPRESENTATIVE -F. 8. Wright, 27, Old Broad Street, London, E. G. 2

* CORRESPONDENTS : LONDON-Midland Bank, Ltd., Overseas Branch, Westminster Bank, Ltd., Foreign Branch. N. M. Rothschild & Sons and Swita Bank Corporation.

NEW YORK:-Chase National Bank, Farmers Loan & Trust Co., Irving Bank--Columbia Trust Co., Goldman, Sachs & Co., New York Trust Co.

And it all the principal towns of the world.

EVERY DESCRIPTION OF BANKING & EXCHANGE BUSINESS TRANSACTED, GURRENT ACCOUNTS. DEPOSITS, etc.

FIXED DEPOSITS. received for THE BANK OF EAST ASIA,

one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application.

Hongkong, 21st Feb., 1924.

HONGKONG SAVINGS Bank,

The Business of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING CORPORA TION. Rules may be obtained on application.

*INTEREST on Deposita is calculated on the lowest balance during each com pleted Unlendar Month at 3 per cent per Annum. Should there be no balance on month no interest will be Any day in allowed for that month.

"Depositors may transfer at their option Balance. of $100 or more to the HÓNG- KONG AND SHANGHAI BANK to be places on FIXED DEPOSIT OUR RENT RATES.

For the Hongkong and Shanghai Barik.

A. H. BARLOW,

ing Corporation.

Chief Manager.

Hongkong, 7th. January 1925.

司公理管業實法中

SOCIETE FRANCAISE DE GERANCE.

DE LA BANQUE INDUSTRIELLE DE OHINE. ETABLISSEMENT FRANCO

CHINOIS. Incorporated in France).

5. Oboter Road, Victoria, Hongkong.

'HEAD OFFICE::

74, Ruo 8. Lazare, Paris,

Capital Franca.

"

LIMITED.

اليمن

HEAD OFFICE-HONGKONG.

Authorised Capital - • $10,000,000 Paid-up Capital

5,000,000 Reserve Fund-

1,000,000

DIRECTORS

Hon. Mr. Chow Fung Plag Sha

Li Koon Chua P.K. Kwok Ng Ching Lak Pong Wal Ting

Shou Son-Chairman

P. MARKS, Maonger.

INTERNATIONAL BANKING: CORPERATION.

(Owned by the National City Bank of New York).

Capital & Surplus U.S. $1,000,000

HEAD OFFICE:

wall Street, New York. LONDON OFFICE :'

Bishopsgate, EO.

BRANCHES.:

Panama

Peking

attack

THURSDAY, MAY 14, 1925.

THE PIRACY

PROBLEM,

position.so insecure that many do not take any trouble to exercise command over their ships which are entirely in the hands of pilot," boatswain, and compradores.

run

+

SCHERING'S

Chemicals and Medicines."

VOIGTLANDER”

Cameras, Binoculars, etc. SIGURD Plates. SATRAP Photo-Papers.

STOCKS ARE KEPT BY: SANDER, WIELER & CO. NOW AT

POWELL BUILDING, 1st floor, Des Voeur Road O. Tolophone Contral 4411.

(Continued from Page 3).

It is impossible to expect the conditions outlined above to at successfully any attacks which tract men capable of carrying out might be made. We are, moreover, the regulations, or by their per convinced that the knowledge that sonal influence of rendering their all ships are in an efficient state of ships unpopular with pirates. At preparedness would act as a real present the owners regard British deterrent to piratical attacks. Ofcers as a necessary evil which This view is borne out by the fact must be made to cost as little as (as we were informed) that the possible, and they will not healtato ships of the more reputable lines, to dismiss a good man who does by which the regulations are, ob not fall in with their ideas, and served and good discipline on-put in place any one from the forced, have been immune from water front who will privately agree to take less wages than the 16. We therefore do not con- | Guild rate. elder that a case has been made "Unless pay conditions and out for any radical revision of the compensation are made attractivo existing regulations. We under- good officers cannot be expected stand that, particularly in the case to stay in river, steamers.

order to test this, a ship fitted of old ships, full compliance with "Unless you have good officers with such apparatus was on its the structural requirements of the in river steamers you will never way to India and it was hoped that Regulations would entail consider get regulations carried out." ut no distant date, It would be fable expense to the owners and The Governor's Comment. T known whether the apparatus that accordingly the Hongkong] 21. In commenting ол this could be regarded as sufficiently Government has in the past allowed statement the Governor of Hong-effective to be licensed by the some latitude in cases where akong has written as follows: Board of Trade.

28. We recommend therefore strict enforcement of the regula- "It should be understood that tions would appear to entail special these remarks do not apply to the that the fitting of some form of hardship. We were. informed, well..

European controlled wireless apparatua, and the carry however, that the policy of the ships, whose immunity from at-ing of trained operators should be. Government for some time past has tack by pirates is probably due to made obligatory on all ships sub- been directed towards the more the knowledge that the regula ject to the Piracy Regulations; atringent enforcement of the re-tions are properly complied with, and that as a corollary the Ad- gulations. We consider that this is but to the Chinese owned vessels miralty should be asked to con- the proper course to follow, and which carry British Officera mere-sider that steps should be taken we recommend that the Hongkongly in order to comply with the to render the Naval vessels pa- Government should be invited to conditions requisite to obtain, re-trolling the Danger Zone contin

gistration in Hongkong." consider the desirability of "an-

ously able to receive distress calls Sano de los Caballeronouncing that full and strict com- Guilds concerned could contrive,

22. We consider that if the from river steamers.." Santo Domingo

pliance with the Regulations will

29. In view, however, of the in- universally be required after a cer- by negotiation with the ship formation given to us as to the owners concerned, to improve the experiments with automatic wire status of the officers in these badly less apparatus which were being managed skips, so that they would conducted, we consider that the 17. The guards employed are be in a position to enforce and question of the type of apparatus Indiane, and we are informed that maintain proper discipline, the to be prescribed should be de when it was decided to place guards risk of piracy would be greatly ferred. Transfer bought and sold. Current in the ships, there was at first con-lessened. accounts and Savings Bank accounts siderable difficulty in finding suit-

23. The fourth-resolution was and Fixed Deposits in local and able men. opened

The number of Indians to the effect that all vessels sub-

30. The fifth resolution rofers foreign currencies taken at rates that may 150,000,000 he ascertained on application to the Bank. in Hongkong is not large and the feet to Piracy Regulations would to the lack of adequats provision (£12,500,000) We are also able to offer our Customer Government had to take such mate-have wireless telegraph apparatus for the dependents of officers who ...... 80,000,000 the

services of Branches of the Nations [riai as it could find, (6,666,670) City Bank of New York in the principal

Installed, under the control of amay be injured or lose their lives .....20,046,032 countries of South America and in the their new duties, and it is hardly Articles

The men were inexperienced in competent operator signed on the by reason of their realstance to (£1,670,410) West Indies."

piratical attacks. We recognize 22.660,000

G. HOGG, surprising that the conduct of We not only agree that the that this matter cannot fail to (1,808,330)

Manager.

some of them was open to criticism, chances of dealing successfully have an effect on the mind of an HEAD OFFICE AMSTERDAM. Queen's Road Central, Hongkong.

The guarda, many of whom are oid with any piratical attack would be officer confronted with the neces- Eastern HEAD OFFICE BATAVIA,

soldiers, have now been formed greatly increased but we consider aity of deciding the degree of re- BRANCHES —`

THE BANK OF CANTON LTD. into an organized unit under the that the mere knowledge that sistance to offer when attacked, Bondjermenin Kota-Radja Rotterdam

control of the Captain Superinten- ships were fitted with wireless ap- and we are in entire sympathy Bandoeng

Head Office Hongkong. Macassaro Sauiorang Bombay Medan Shangbri

dent of Police, and an officer taken paratus and could summon help, with the views of the Guilds that Padang Singapote

£1,200,000 from the Indian Army would act as a very great deter-proper provision should be made. Palembang Soerabain

been detailed to rent, to such attacks. We there 31. We are informed that the Djember Peculonan Soerakarta

200,000 superintend Tegal

their Djokjakarta Penang

(Sále)

training fore gave this suggestion our very Hongkong, Government had an Kobe

and Pontianak Tillstjap and

Foreign Exchange & General Banking sider that the regulations regard-

discipline. We do not con-careful sympathetic consideration, nounced on the 25th of April 1924 Waltevreden The Hague Rangoon

24. We understand that its im that in the event of the death or London Bankers National Provincial humine tranacled, Barik, Ltd.

Interest allowed on

ing the carrying of these guards mediate adoption presents several disablement of an officer on a ship difficulties. In the first place, we on the Hongkong register, by there is force in the contention of steamers (and in fact one of the would be made by Government

18. We consider, however, that are informed, many of the river reason of piratical attacks, grants | the Guilds that it is not reasonable gunboats operating in these to the officer or his estate pro-

Mok Ching Kong

Wong Yun Tong

Huyub Tall

Barahona

Kan Yan Po

Barcelonu

Chan Ching Shok

Batavia

Puerto Plata

Every description of Banking and Exchange business transacted-Loans granted on approved securities.

BAFELDEPOSIT BOXES to lat.

KANG TONG PO

Chief Manager. Hongkong, 16th. February 1825.

Bombay

Rangoon

Caloutta

San Francisco, Cal.

Canton

Cobu

Volon

Dairen

Hankow

Harbin

Hongkong.

NEDERLANDSCHE HANDEL

..... MAATCHAPPIJ.. "(Netherlands Trading Society), BANK.

Established 1824. Hongkong Branch established 1906.

Authorized Capital Guilder

Paid-up Capital Guilders Reserve Fund Guilders"

Spenal Reserves Guilders

$10,000,000.00 Calcutta Beserves Franco................. $10,790,000.00 Cheribon

Working fund provided by - THE BANQUE INDUSTRIELLE

DE CHINE

Francs 50,000,000

BANKERS.

FRANCE-Societe General Banque and Nationale do Credit, Banque de Paris-ot des Paya Bas,

LONDON :-Midland Bank. Ltd. NEW YORK :--Irving Bank, Volumbio Trust Co.

Every description of Barking and Exchange Busine Tramasted. Corre- spondents throughout the world:

M. M. FITZ-HENRY,' Manngor.

ORIENTAL COMMERCIAL

BANK, LTD. ・・

HEAD OFFION: 60 Des Voeux Road Central, Hongkong.

BRANCHES-BANGKOK- SHANGHAI

Correspondenta: London: West- minster Bank Ltd; New York: National City Bank; San Francisco: Union Trust Ca. of Ban Francisco; Canton Bank.

Authorised Capital .........................................$5 000 000 Paid Up Capital..................................... SL-600,000 | Modern banking in all its branchca Carront account savings accounts and fixed deposits solicited, Loans granted on approved soc.rity.

Overseas banking 'u apodality.

INTEREST Current accounts

por

cent savings 4 per cent, Fixed Deposita,

Correspondents all over the world. BANKING BUSINESS OF EVERY!

DESCRIPTION.

M. J. HERBSCHLEB,

Agent

THE P. & 0. BANKING CORPORATION, LTD.

(Incorporated in England 1920) JE

With which is offliated THE ALLAHABAD BANK, LTD. INDIA. Authorized Capital...... Subscribed and Paid-up Reserve Fund ......

.£5,000,000 £2,595,120 .£135,000

HEAD OFFICE: 122, Leadenhall London E.C. WEST LONDON, BRANCH: 14-16, Cockapur Street, London B.W.L

EASTERN BRANCIES: Bombay, Colentia, Karachi, Madras,

Colombo, Singapore, Hongkong....

Canton and Shanghai.

Kobs La Voga Madrid Monilu

San Francisco de Macoris San Pedro de Macoris Sanches

Shanghai

Bingapore

Souroabaya

Tientsin

Tokio

Yokohama

1 Commercial and Travellers' Letters of Credit, Bills of Exchange and Cablo

Authorised Capital.......

Paid Up Capital.......

Silver Reserve Fand

+

tain definite period of time.

Indian Guards.

...£1,091,875 has

CURRENT ACCOUNTS

2% per annum on daily credit balances

of over $100.00:

SAVINGS

4% per annum DEPOSITS

for 12 month 5% per annum

6

"

3

0

40/

·3%

On Demand 2% per annum

BRANCHES : Canton, Swalow, Shanghai. Hankow, Bangkok, New York and San Francisco.

LONDON BANKERS-The Lloyds Bank Ltd.

LOOK POONG SHAN, Chief Manager.

should be relaxed."

Provision for Dependents.

GEN

the

TELESCOPE

that the ships officers should not in waters) are so cramped that it is vided the Piracy Regulations have any circumstances, be allowed to difficult to find room on board for been properly observed. Our ät- exercise their discretion as to the any wireless apparatus of greater tention was however drawn to the degree of resistance to be offered. power than (possibly) a. small following paragraph in It seems quite possible for example, portable. set. We understand to envisage circumstances in which that the range of such a set the obligation to resist "to the might vary between 20 and 100 attermost might catall their cer-miles according to the atmos- tain death without securing the pheric conditions. Even, such ship against the attack. We are a set would however probably be assured by the gentlemen who were sufficient for the purpose in view. present at our second meeting that 25. A greater difficulty lies in ships officers would not contest the cost of maintaining and pró- that it is in general their duty to viding accommodation for the nec- defend their ship. We accordingly cessary personnel. At present recommend that the words to the some of the gunboats carry only uttermost" should be deleted from one wireless operator, whereas, if Regulation No. 1. We were inform the suggestion were adopted, cach ed that this would meet the objec- river steamer would require to tions of the Guilda, on this head. carry two, (and the gunboats

Officer's Revolvers.

four) wireless telegraph. opera- 19. Regulation No. 3 requires tos, In order to make possible that each certificated officer, whe-a proper system of reliefs. ther on or off duty, shall carry Semi-Automatic Apparatus on his person a revolver and 25

26. It was suggested to us that rounds of ammunition. It was these difficulties would be greatly urged upon us that it is unreason reduced if a semi-automatic form able to insist on the application of apparatus capable of being of this regulation to engineer off-operated by one of the ships cers when actually engaged in the officers could. T be installed. If heat and cramped space of the semi-automatic transmitting and engine rooms. The representa receiving apparatus were carried, tive of the Admiralty concurred in it would probably be sufficient for this view. We accordingly recom-one skilled operator only to be Deposits received for fixed periods at mend that this regulation should carried since it would not be nec F 68,400,000.00 rate to be obtained on application. ..Frm. 60,667,283.64

The Corporation undertake [General Banking and Exchange Basiness of every description and is addition to its Branchen has Agencies in all the principal cities of

L. E. HOPKINS,.

Manager.

the world.

3 months 4-per out, months 434 par 22, Du Vox Road Central, Hongkong.

coat, one year 6 per cent.

Bafe Deposit Boxes for Rent.

Our Vaults safeguardod. by time 'oločku' and double, combinations.

Armour plates utsel doorn;

J. Y. LUM,

Manager..

THE BANK OF CHINA.

(Spocially authorized by Presidential. Mandate of the Republic of China on the 22nd of November, 1917.)

Authorized Capital

Paid-up Capital

Reserva Funda

BANQUE DE L'INDJ-CHINE

(BRANCH BANK).

HEAD OFFICE,

06, Bouleverd Havamson, Pari

Capital Paid-up Capital

Roserver

Frs. 72,000,000.00

BRANCHES & AGENCIES: Bankok Flongkong Battambang Mongtae

$60,000,000.00 Canton 318,278,000.00 Djibouti ......$ 9,670,426.24 Haiphong

Hankow Hanoi

HEAD OFFICE; PEKING. HONGKONG BRANCHES : 4, Queen's Road Contral. Branches and Bub-branches all over China and correspondents in Europa, America and other parts of the World.","

LONDON BANKEES –The National}] Provincial- and Union Bank, of England Ltd.

The Guaranty Trust Company of Naw York

NEW YORK BRANCHES :-The Irving National Banks. The Equitable Trust Company of New York.

Interest allowed on Current Accounts and Fixed Deposits Terms on applica tion.

Every description of Banking business transacted.

Loans granted on approved securitier. Special facilities for Home Exchange.

EE PEI,

dingeri:

THE YOKOHAMA SPECIE BANK LTD.

Established 1830. Capital (fully paid up). 100,000,000 Reserve fund

Y. 80,500,000 HEADOFFICE YOKOHAMA, Branches and Agencies at

Kobe

Scorataya Landon Rangoon

San Francisco Los Angeles Seattle

Shanghat

Batavia Bombay Buenos Ayres Lyons Calcutta

Changchan Manila

Dairen

(Dainy)

Fengtien

Mukden Hamburg Hankow Honolulu Harbin

Nagasaki Singapore Nagoya Shimonosek Newchwang Sydney Овауа

Tientsin New York Tokyo

Tainantú Tsingtau Vladivostock

Poking Rio do

·Janeiro KaiYuen Saigon.

Interest allowed in Current Accounts.

Mr. G. ARIMA; Managol Hongkong, March 11th 1026.

Saigon Shanghai Noumea

Singapore Papests

Tientsin Poking Tourang Prom-Peak Tladivestock (Incorporated in the Straits Settlements.) Pondicherry, "Yunnanfu

THỂ HỒ HONG BANK, LTD.

CAPITAL:

be modified in such a way as to cessary for bim to keep continu- relieve the engineer officers of this ous watch. We consider however obligation when actively engaged that the mere emission of on their duties in the engine room, a distress signal unaccompanied

The Tai Lee Case.

by an indication of the position 20. We were much impressed of the ship would not be sufficient. by the statement made by the The objection that an automatic Naval Intelligence Officer before distress signal does not give a the Coroner in connection with the ship's position may be met by the Tal Lee Piracy. We consider reply that the approximate posi- $20,000,000 that this statement has such tion of a ship on a regular run at In FRANCE:-Comptoir National Issued................

8,000,000 direct bearing on what we regard any given time is readily ascer d'Escompte de Paris; Credit Paid-up

mutima 4,000,000

as the crux of the whole mattor tainable, but we consider it to be Lyonnai: Banque de Paris et den Reserve Funds of share holders 4,000,000 Paya-Bay Credit Industrial ot Reserve Funda .....

400,000 viz., the maintenance of a proper advisible that ships should be able Commercial; Epoiete General.

state of discipline on ships plying to get into communication with HEAD OFFICE :-SINGAPORE:

the Danger Zone, that we are each other. justified in making the following

27. We were informed by the quotations from it:

representatives of the Mercantile "The conditions under which Marine Department Board of Every description of Banking and officers were called upon to serve Trade, that experiments with

BANKERS:

In LONDON The National Pro-

Authorised Capital

Branches Agencies and correspondents vincial and Union Bank of England, in the principal cities of the world.

HONGKONG, BRANCHES | 13, Queen's tinad Central,

Ltd; Comptoir National d'Escompte | de Paris, Uredit Lyonnais.

In NEW YORK J. P. Morgan & Co.

LOCAL BOARD:"

Interest allowed on: Current Accounts Exchange business transacted;" and Fixed Deposita according to arrange mont.,

Every description of banking and exchange business transacted,

A. LEGOT,

Manager,

Mr. Ka Leong Hoo (Chairman)

Mr. Sum Pak Ming..

MiNg Chang Luk

Manager Mr. Han Liang-Huang.

Telephone Nos. 0.4536 and 4587

in these ships are such that the automatic wireless apparatus had ordinary cleanliness, discipline given good results in this country, and efficiency of a British ship but that, at the time of our "en- cannot be maintained by them.quiry, it was not certain whether The fact that they are on a 24 the apparatus would be success hours agreement maker their ful under tropical conditions. In

AVORED by hunters. and householders throughout China, for the past twenty-fiveyears. Supports 1080 pounds. Width 28 in. Length:76 in. Height 17 in. For sale where you secure your camping kit.

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

(Incorporated by Royal Charter 1853.j Paid-up Capital. m...............ay £3,000,000 Reserve Fund

$4,000,000 Resarvo Liability of Propriotora £3,000,000 Foreign Exchange and Geners! Banking business transacted.

Deposite recaival, fur 1 year or abortor Current Accounts opened and Fixed perints at rates which will be quoted DE application.

A. 8. FERGUSON, Manager.

Gazette Notification in which this

scheme was announced:-

This undertaking on the part of Government is not intended their responsibilities in the matter to relieve Shipping Companies of of the insurance of their officers but is intended to supplement such arrangements as may be made by the Companies."

We" are in complete agreement with the principle underlying this announcement. In our view the responsibility for making provi- sion for the dependents of their officers should rest with the ship owners, and not with the Govern ment. In the first Instance there. fore we consider that the Guilds should make every endeavour to induce the Companies to institute a system of insurance voluntarily, If, however, the ship owners are obdurate, we consider that the Hongkong Government should consider the question of making it obligatory on them either to insure their officers adequately-or to defray the cost of an adequate Government scheme of insurance,

We have the honour to be. Sir, Your obedient servants,

A. G. M. FLETCHER, ER. CARSON. ****

S. P. WATERLOW. G.. GRINDLENÍ

W. TOMKINSON.

J. J. PABKIN (SECRETARY),

Wholesale Distributors Messrs. DODGE & SEYMOUR (China) Ltd.

Shanghai

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