BATURDAY, MAY 18, 1916.

SHIPPING

P. & O. S. N. CO.

ROYAL MAIL SERVICE

UNDER CONTRACK WITH DIS MAJESTY'S GOVERNMENT

JU

CONSCRIPTION OF WEALTH.

AN EQUITABLE MEASURE..

"AY AN KASOMIST IN TRE...N DAILY

CHUONICLE.

THE CHINA MAIL.

The percentage of conscription if the THE EVACUATION OF GALLIFOLI. war luste much longer, might be in.

ti

SHIPPING

P. & 0. S. N. Co.

STEAM FOR STRAITS, COLOMBO, AUSTRALIA, BOMBAY, EGYPT, MEDITER-

RANEAN PORTS, AND S

LONDON, E

BAIK

NEDERLANDSCHE

HANDEL

MAATSCHAFFIS, (NETHERLANDS TRADING SOCIETY) ESTABLISHED 1994.

(£8,000,000)

AUTHORISED),

CAPITAL 200,000,000 PUD-UP 300,000 (£1,188,000)

CAPITAL!

MARSEILLES AND LONDON, axer pun javusi, in the of the poemary that is should all be realised whether the arms should evrimits, or Through Bile of Lading sued for BATA-RESERVE

TAKING PANNExgers and Catoo ro

STRAITS. COLOMBO, INDIA, AUSTRALASIA, EGYPT. &

Stammers

ور

Leave

Connecting Mail

Flogg

Steanter from

Dus at

Marillo

Dus

London

Colomba

1916

kong

May 19 KARMADA

... Juno

MONBA

to.

Nood

Colombo

Friday.

NANKIN NOVARA

June

TO:

July

3

NAGOYA

July

NYANZA

NELLORE

Steamer

NANKIN

...July Through

SOMALI

... Aug 11 Katist:-F-Hint

Augu Auguer 3 Sept. 11

i

Passengers change. Steamers at COLOMBO

... June 16 KBYBER.......

June 30 Through Stormer July 14 Through,

1018.

kor.

Is

הן

VIA. PERSIAN GULF,CONTINEN.

TAL, AMERICAN AND SOUTH! AFRICAN PORTS.

2107,10= (£79,743) HEAD OFFICE AMSTERDA Branches a

*****Rotterdam

The Hague

HEAD AGENCY-BAFAVIL Branches at

RANDOON, SAMLEANG, SHANGHAI SINGAPORE,

Accommodation in the consexting Stantner from COLOMBO is definitely' reserved in world of marketu was a totally different then have a debt seral on property and to shell fire from which it was impossible due in London about 3rd July, 1018.

creased. Something lika £1,000,000,000, VENERAL MONKO'S DESPATCH : it heed weer could thus be taken.

REASONS FOR ABANDONSIENT. BOW THE SCHESIR WORLD HE WORKED.

LONDON, April 10. When such a scheine as this has been the evacuation of Callipoli has bewa

firhurst Mairo's despatch congeralu There is a widespread feeling sapugst hinted at in the House of Commons the published. business circles that proper provision is reply has been that capital is fixed in that he was instructed on October 20th In this the tinueral states aut huing made, to pay now Sor the surt mines, houses, railways, and so on, and to report an as the military situation at of the war, and there is also a belief the reulisent bow, Bus is is not the Darlanelles and to advise us Marmous expenditure, and produce it wan be taken in any forms, script, perseveres he was also asked to advise enough ervende to keep within safe its muility and can be sold if there is a us to the number of traps required t the shebt than is so steadily accumulating, market, or hold if there be nous. In the carry the Puinatla sad to take on- The preaching of economy is excellent latter event the nation becomes a share stantinople. He found that the position as a means for providing money for the holder or partner, indeed, I can see that it the trigs was unique in history, as it tation, but it must not be forgotten that in some respects it would be advantage rosessed prey possible nilitary defect. THE Steamship FAKTY. Captain that only fucks income by adding so ishtes to all interests if the State were to which has to be chewrily paid for and way to the person, mulcted. We do not Turkish artillery are, and had no depth.no about FRIDAY, the 19th May, 1016, Carmen, was "completely subjected to the Mails will be despatched from this port BANDGENG

G. MANLEY, Carrying His Majesty's ( BaxBERALASIA, thoatoly redecued at panty shillings to destroy your holding in this busi- while its comminations were insectire taking Pussergers and Cargo for the D In the pound. It save the country from

www or in that property We shall draw and depending upon the weather. There above ports in connection with the De Jaas 96 the German enemy, but plunges is into the ice on would draw from the part were a means for concealing troops or Company's Steamship Animale from KUTA KADJA

DIKAKER, DJOKIAKASTA July 10Bnancial dituttles,

of your wealth we have taken, bis we deploying fresh troops for an offensive.

Colomb, Passengers' accommodation in We must remember thật, when • the 17 July 24

are willing, if you cannot pay cash down, Parthor; the Turks had full powers of from Hongkong.

MAKAHAR which vessel is secured before departure To prade comers the nation will have to begin to hold the decks until after the war an observation and they supplematod July 31 Aug.

Aug. 21 new and equally vital struggle. then allow you to redeem cheur for what

Silk and Valuabies, and Tea and Cargo PARLY Supt. 4political existenes will be scared, but they were valued at when we took them all the devices of field engineering

PARAST the natural advantages of the position by for Italy, France, and London (under Sept. Is economic future will have to be fought over. This would neesitate narrowing

arrangement) will be transhipped a PENANG When the same problem fuel it stand the National Debt would apparently were suffering from various causes. Taere Other Cargo for London etc. will be. General Mouro and that the troops ing direct to Marseilles and London.

Colombo into the mail steadier

proceed the close of the Napoleonic Wars the continue to mouns up. But we should was the strain of the continuous expostronveyed in Burabay per 8.4. Catalonia thing from what it is now. We were at having to be ines by taxation. hundred and erigjiled, but so were gonn

to withdraw them beenne every carter of Parcels will be received at this Office rival International competition was in

Cnie something like this is done our the Peninsula was exposed to a hostile contents and value of all packages are until 4 phn the casy before andling. The a state of sochon hat prinditave inefficiency weights. If we assume that the added by endemie sunmer diseases, and they

poscs Badgets are to be crushing in their fre

The men were also much enervated | nspired. Even then we felt our hurder, especially National Deb is to be £2,000,000,000, were gravely under-offered owing to

For further partienlars apply to when in competition with America. Now

EV. D. PARB we ghail have to faw a colapetition of Budgets will have to provide interest lussa is the earlier bartes. Also the the terrest and most eflicicatly organised

ss 5 per cent.. er £100,000,000) a' sinking makeshifs mingling of font il mounted

Acting Sumerintendent. him. Americs is accumulating capital of 1 per cent, will amount to men beemary for holding the front did Bongtong, May 6, 1918, fat our exfense,' and''in spite of all that is

£20.000,0000; pensions and allowances not tend to efficiency. Other irrefutable will probably not far now being safe and designed about crusk-

short of arguments convinced General Munro chut £30,000,000: other charges necessitate complete evacuation was the only course. {ing Germany "ecqnomically as well as

by the war will add at least another The Turks were able to höld Gallipoli with | pislitically, wo know enough about that.

a pall fores and to prosecute their country not to regard her too cheaply,£10,000,000 per sum for a year of two. and was have experienced to unch of the Meanwhile, the costs of government will designs upon. Egypt.and Baghdad." Then, clusive nature of centonic policies and,

have gone up. in other directions,

Mo. tha:

#1 British advance from the present their conseptened as to make us

ww may have to face Budgets of from postions was improbable, and an advaner £350,000,000 a £400,000,000. (ematicus, alotit mazing needies risks.

upon Constantinople was quite out of the That can be done, but at what sacri, question. In addition the troops enuld be fee, with what viclence of political and more"uśctully employed elswhere. social agitation, with whas hampering of General Munro assumed supreme com national development, and with what mand of the Mediterranean armies and danger to the position of the nation in appointed tieneral Birdwood to the on- the world. There is no alternative except, mand of the Dardaasiles. "Ho ordered the excessive borrowiur ur conscription of

vacuation on December 8th, and General wealth,

Birdwood proceeded with the work with the skill and promptitude which have dhatheterised all he has undertaken. I had been previously decided that a feint

Hongkong at the time of Booking.

On the Australian Route Tickets Interchangeable with Orient Lina,

SAILINGS DIRECT TO

SHANGHAL, MOJI, KOBE AND

NOVARA...

NYANZA...

SAGOYA...

NELLORE...

5.

YOKOHAMA.

Leave Hongkong About

WEDNESDAY,

TUESDAY,

10th May 30th May.

SATURDAY,

.3rd June.

SATURDAY,

17th, June.

Padenz 29 may travel by Dubway in Japan batwgan Port of Call Free of charge,,. Retten Tickets are available by Megéria Maritimes Company.

Shanghai only

IN ADDITION TO THE ABOVE MAIL STEAMERS, INTERMEDIATE (Non-Transhipment) STEAMERS

WILL LEAVE DIRECT FOR

MARSEILLES AND LONDON, Calling at SINGAPORE, PORT SWETTENHAM, PENANG, COLOMBO AND PORT SAID.

„CARRYENŐ" i«c"ano 23 SALOON PASSENGERS AT REDUCED RATES.

PROPOSED SAILINGS:

41

Leave

STEAMERS,

H'NO

bunt

Leave SPURE about

Due t M'ZILIES. if calling about

* Due LONDON about

MOVARA

.Aug. 16

WIRELESS TELEGRAPHY FITTED ON ALL STEAMERS.

All Cabins are fitted with Electric Fans free of charge and each Berth Furnished Tish an Electric Fling Lamp.

or altered without dotice.

H. V. D. PARR,

Acting Superintendent.

CHINA MAIL S.S. CO., LTD.

FREIGHT AND PASSENGERS. S.S. CHINA

WILL SAIL FROM HONGKONG FOR

SAN FRANCISCO· ·

LIMITS OF TAXING INCOMES.

Very

12 any ovent, we can lay down is an incontrovertible proposition that the untry which starts.on the new ecnomic struggle with the least burpen, of dehe and with the greatest portion of its income available for productive uses and free from doad charges, has the opening of the battle in its latone. Morester, from the point of view of internal recuperation, cheap money will bq essential.

CAN WE CONSCRIPT WEALTH?

Colomeuung on this article the "Daily

Chronicle" say

it

FOR SAN FRANCISCO,

гр

Tax Free Naw AMERICAN

3.8. FLORIDIAN 7

crgo for SAN FRANCISCO and for Will be despatched about 30th May, taking Overland Points in the United States.

For Freight and further particular apply to

DODWELL & CO., LTD.

gents.

Hongkong, March 24, 1918.

479

tack, which the textbooks regarded as THE HANDY BOAT

sential to cover an evacuation, would be

We publish an article to-day by a cor, worse than useless, as it would certainly respondent who suggests that the Chan- arouse Turkish suspicions. cellor of the Exchequer should make a The despatch deals briety with Anzag

FOR MACAO.

Steamship

largo sections of the lower strata of the levy on wealth. He thinks that rearly and Süvia, and. gives several fresh facts' CHUEN CHOW”.

ustimäte.

The ONLY BOAT LIAviso at 5 pati EVERY DAY.

`Back again by nace on the following day,

wave (Solo)

TANDJONG-BALE TEBING TINCOZ (DOB)

"BETONÒ,"

THILARIA WELTEYRESEN

PEKALONGANA PONTIANABA

Madras, Pondicherry. Calcutta, Bangkok, Correspondents at Beanbay. Colombo, Saigon, Haiphong, Hanoi, Amoy, Yob hama Kobe Melbourne, Sydney, Now, York, San Francison, &c. de.

LONDON BANKERS-The balon London and Smitha Bank, Limited

The Bank buys and sells and receiver for collection Bills of Exchange, e letters of credit on its Branches corespondents in the East, an fha Continens, in Great Britain, Ames and Australia, and tract banking busintys of every description.

J. F. VAN REES.

4 Agents Hongkong, Feb. 115.

THE MERCANTILE BANK OF INDIA, LIMITED. Authorisel Capital Subscribe! Paid-up

Beserve Fund...

BANKERS,

BANK OF ENGLAND,

£1,500,000

1,195,000

542,500

500,000

LONDON JOIST STOCK, BAK, LIMITED

Every description of Exchange busines

transacted.

Ou

allowed.

Current INTEREST

Arenunta t2 per cent. per annum on Daily Balance and on-Fixed Deposite at rates which may be ascertained on application.

C. CHAMPKIN,

Acting Manager.

Hongkong, March 97, 1918.

SUNDAY-Leaves Macao M. THE YOKOHAMA SPECIE Arminca Hongkong about 9 r.....

FARES First Class 2 Single: $3 Rotorp (Saloon).

First Clasa 80 cts, Single ; $1,60 Betors

(Saloon) for Chiness.

.

Passeng may sleep on board without vdditional charge on retorn fickata, only.

RANKS

BANKING

اور

BANE, LTD

ESTABLISHED 1880,-*

M

20,100,000,00

HEAD OFFICE-YOKOHAMA.

BRANCHES AND ÅGENCIES ANTUNG-HAIRS

BOMBAY

CALCUTTA CHANGCHUN

NADAMAET NEWCHWANG

NEW YORK ÓSAXA

FENGTIL(MUKDEN) RYOJEN (PORTALTHUY HANKOW $13,000,000. HONOLULU-

SAN FRANCISCO SHANGHAI

Much more can yet be done by way of taxes upon incomes, and the coming Badges will deal with that. Bus incore tax, when it gras much beyond its present 21 Sept. 20 Sept. 9evel, bevonies unjustly oppressives to

professional and what may be called the 41,000,000,000 codd be raised in this with regard to Caps Halles. It mentions more invellectual classes, with incomes way. He produces mycalculativa to show that the evacuation was retarded by the of between £500 and £1,000 Still, they how OB a graduated-percentage stade loss (£ 11 large

British warship rust her with their ills War profits £100,000,000 n be obtained. He says: accidentally sulik by a French battleship. ught to be tased on a sliding scale, and ** It (wealth) sun be taken in any form. Everything depended upon the weather. Passago Tickets Intarchsagesble with the British India Co. · Found the World Tickets and Through Tickets to New York in insection with theverything over, any, a 1-cent, cash, serip, really and can bold if When all was ready on the night-t Principal Mail Liter

increase on normal profits taken. It is then, is a market, ofshuld it there be January 8th a storm unexpectedly worked Return Tickets at fare" and a half available to Europa for Two Years: or to obnoxious that anyone should make profits one. His idea is that dnstead of rain- up and washed the piers away.. Intermediate Parts for Six Months.

our of a war which is carried on by the ing War Loans, on which we pay interest. Owing to the War in Europa Steamers and Sailing dates are liable to be cancelledth and min of millions. But when all we should just take what we require that, on quitting the straits the battleship A submarine reported in the evening For Further Information, Passage Fares, Freights, Handbooks, etc., apply to this is done, the margin of cost to be without interest, but what we require Prince George, with 2,00 men on

covered by hormwing will still remain far-what alone we can pay our war debts board, while sailing towards Mudras, was Second Clam 60 cts. Single ; $1 Retum, ACTHORISED CAPITAL... Yen 18,000,000.00 | too wile,...

by ash; that is, not wealth but torpedoed, but the torpedo, did not

Electric Fans throughout First Claw PAID-UP CAPITAL... "... 130,000,000:00.› We are spending mughly on the war liquid ed wealth. The distribution of explode. The expedition left 500 animals Attearios. Ample Saloons and Oshin RESERVE FUND £1,800,000,180 per annum. and a. com. Budales 'wealth' (hraugh the counter is

Accommodation. at Cape Helles, but most of them were plete your's vivid of existing taxation was spuite different from this distribution of destroyed at the last momert. Ulepera estimated by Mr. Makenna to priduco wealth; and while un otter of a lous Munro recognises that the quantities of about £350,000,000-probably an under interest serves to track it out, nu tux "tores destroyed and ubandoned were con- If that were doubled he gathering system of assessment van de sidérable, but the great aim was to sare nonat would still be unsatisfactory, but no-laust of all" in war-tione. Our cor the men, guns, and aminunition, and he doubling is impossible if we draw from respondent says the conscripted wealth could not take risks." Thus the evacuation income alone.

can be take incush, serip, or realty," was completed. It demanded good luck When the Military Service Act was Scrip means securities and shares of all, and skilled organisation, and these were being discussed, intermittent, growls were, descriptions, but many shares at present forthcoming in a marked degree in the HONGKONG CORPERANGHAI DAIREN (DALKS) PERIS heard from certain quarters that there are unsaleable and others are very much hour of peed by General Birdwood and should be a twin. proposal to conscript depreciated. Depreciated shares would the corps commaders. The arrange. wealth." It was taken to be a threat, a be no amet whatever to the State Banks ments could not have been surpassed in | mere net of revenge, and in "consequence would not idvance minay against them. akili, competence and courage.

little has been heard of it. But would. Our correspondent suggests that the State The despatch mentions that as a result not the Chancellor be wise if he did it could hold the sharey and take, the divi. of rain, and a blizzard on November 21st It would be perfectly fair: It would fall dends, but that policy wenld nos provide, there were 200 deaths from exposure. equitably on everyone. It conid by man, the money. There would also be extreme Ten thousanal gigk,men were among these ayed so as to cunse very little icon. difficulty in dealing with individual who evacuated the Peninsula, and thero venience. It would place at the disposal ownerships and with private companies. cane chiefly from Suvia. of the Stats sich's large amount of pro- Moreover, accumulated wealth sometimes At an early date" General Manro will)

COURT OF DIRECTORS." perty as would enable is to rid itself of takes the form of pictures, books, and furnish his distinguished conquet list. W. L. Pattenden, Esq., Chairman.. Is substantial part of its war debts. manuscripts and articles the vituo of The despatch covers the Serbian expediS. H. Dodwell, Esq.-Deputy Chairman

First of all, what would a reasonable which is always problematical and could tion to the withdrawal to Salonika It conscription yield? The annual report of not be realized. Then, a good' depl of shows that the 10th Division from Suvla.T.M. Edkins, Esq. Hai Mr. D.

LCS Gabbay, Eaq..

Landale the Commissioners of Island Revecue, capital is held out of the country. What was sent to support the French, and that Hon. Bir.

JA. Plummer, Esq. afferds some basis for calculation, because the State wants just now is shab, Le when the French effort to lick up with P. H. Hulyoak. Hon. Mr. E Shelim. there we have a table showing the num. liquid wealth, which can be get in the the Serbians failed, the withdrawal was

CHIEF MANAGEB ber and value of estates grouped into easiest and quickest way. Even a forced ordered, in accordance with previous

Hongkong--N.J, STABB, Esq.. sections recording to their amounts which loan would have, almost as much as arrangements with the Allied Coverp are subject from year to year to estate tax, to be mainly, "drawn from revenue. duty owing to the death of their owners." But we haye,not given up confidence yet Assuming that theso" extates are ctie in the use of the ordinary means of taxa thirtieth of the whole, we can make our tion for extracting much larger amount provisional calculation

'from the community, without inflicting Persion of Estimata Coa- Yield to unbearable hardship. A lery on the

Austal Vale, wepta. Each capital of a country would be a

lear impracticable process in time of peace, 1,000 5,00 1,318,00,000 I 5,0 10,000

178,000,000 1 13,179,000 when values would be stable" and the 10,000-20,000 1,463,000,000

35,00,000 market free, but during war-time, we do 20,000 60,000*

1,500,000,00

09,500,000. Dot consider that it would meet the needs. $1,000+100,000 3,053,00€.000

€2,500,000 of the Exchequer. Let se ** conscript 100,000 and

upwards.... 2.350.000,00

23,000,000 all we can by the triple methods of income tax, death dates, and taration of Total viski.. £180,000,000 eens profits. *Hegqunted: parBERLAKE.

VIA SHANGHAI, NAGASAKI YOKOHAMA & HONOLULU. JUNE 23 AUGUST 29 NOVEMBER 4.

AN UNSURPASSED HIGH CLASS PASSENGER.

SERVICE AT INTERMEDIATE BATES.

0. H. RITTER,

||

Prince's Buildings,"

Freight and Passenger Agent,

Ice House Street.

INDIAN AFRICAN LINE.

Gargo tried on through Bills of Lading from HONGKONG to BETR& DELAGOA BAY, DURBAN (Natal), EAST LONDON, PORT ELIZABETH and DAPE TOWN with transhipment at COLOMBO to Steamers, of the INDIAN AFRICAN LINE.

PROPUSED SAILING, Counpetluz with

FROM HONOLONG:

FROM COLOMBO;

TÜXCELLENT ACCOMMODATION -FOR Lee and two Szim Pamesgene, `

ORIENTAL AFRICAN LINE,

Regular Direct Service from JAPAN, CHINA and STRAITS to BEIRA. DELAGOA BAY, DURBAN, FAST LONDON, PORT ELIZABETH and CAPE TOWN, calling at MAURITIOS, na route and affording the Quickest Freight Transpart from the ORIENT to 8OUTH AFRICA.

PROPOSED SAILINGS.

8.5. "JESERIO "" * from Hongkong For Rates of Freight apply to

About 5th June.

THE BANK LINK, LIMITED

PÁCH MANAGING, AGENTS,

“ELLERMAN". LINE. Ellerman & Bucknall Steamship Co., Ltd.)

JAPAN, CHINA AND STRAITS

ΤΟ

UNITED KINGDOM & CONTINENT.

Fox

LONDON LONDOS & SWANSEA .

.....” CITY OF LINCOLN"

CITY OF BOMBAY

Da 4th June On 22nd Jane. Stenmore prose via Suez Canal or Cape of Good Hope st Owners optie, Babject to change without notice.

To pter of freiges and further information apply to

Beim & Lo. Canton,

THE BANK LINELLID;

General Agents,

it

2:

e

111,BAD,609

THE AUSTRALIAN ORIENTAL LINE.

HONGKONG "TO MANILA, ZAMBOANGA & AUSTRALIAN PORTE.

BAILINGS (SUBJECT TO ALTERATION,

Steamars.

*EATXUAN

"CHANGSHA

menis,

SHANGHAI STOCK EXCHANGE.

Latest Quotations by Mall.

Aimse

Anglo-Javan Chasolidateds "Kota Babrom

Samskogee

SHANGHAL April 28th.

Shanghai Malayı.

Zang bos

Tis 16:

Ts, 19.25 & 12.

‚,Tis, 4,50.

Tis. 19.

Th, 193,

..TI. 7,205.

Is. 7

New Engineering Works, 10.25. Tis! 15 (X.D.)

Pengkalang

Shanghai Landey

Dominions

Balu Anima

Arrives Hongkong Leaves Hongkong for

from Australia.

in port

·June

316th

July

May 20th

th

Thaan, stesuura, ace Bited with Bebrigerating Machinery, ensuring & plentiful supply of be, fresh provisione, sia, and have imperior accommodation with Electric Edghs throughout, and Boctrio Fans in the State-rooms. A daly qualised Dostor, fi carried, Bodoned Faresargo booked through for all Australian, New Zealand and Tasmanian polis

For freight or pastage apply to

Telephone Noc 30.

Hong Konga, MAY 4, 1916/U

BULTERTIELL & SWIRE. Ägest,

TE

12.

TL 100.

Shanghai Pahang. The 2.20. GET DIRZOT BURINESS EXPORTED,

Pangkalaris.Ti 19.80 (31 shares). Langkate

H. B. OLLABDESGEN, -

Becratary, Shanghai Stock Exchange.

PAID-UP CAPITAL. RESERVE FUNDE

£1,500,000@#%-815,000,000

Sterling

Silver

HARRIN Korz

SYDNEY

TIKULING

18,000,000

| LLAO-YANG $33,000,000 LONDON $15,000,000 Los ANGELES

TIENTSIN

TORTO

-,, -

TSINANTU

TSINGTAU

RESERVE LIABILITY "Or

PROPRIETORS

www

MANAGER Shanghai-A. C. STEPHEN, Esq

LONDON BANKER-LONDON COUNTY AND WESTMINSTER BANx, Laxited."

HONGKONG INTEREST ALLOWED. On Current Account at the rate of Two per cent. per annum on the thily balance ON FIXED DEPOSIT:- For 3 months 24 per cent. per annum.

NJ. STABB,

Chief Manager.

Feb. 10,1916..

HONGKONG SAVINGS BANK..

TELE

HE business of the above Banic is conducted by the HONGKONG AND SHANGHAI BANKING COR PORATION. Bules may be obtained on application

INTEREST ca deposits is allowed on. the minimum monthly balances at af PER CENT. per sanum. Depositors

LVONS

Interest allowell on Current Accounts Deposits received for fixed periods st rates to be obtained on application

EISHI ONO

Manager.

Hongkong,-March 11, 1916: ·

'THE CHARTERED

BANK : OF INDIA AUSTRALIĄ & CHINA,

INCORPORATED BY ROYAL CHARTER -

1853 "HEAD OFFICE, LONDON.

"PAID-UP CAPITAL

REBELTE FUND. REEVE LIABILITY OF PRO-

21,200,000

PRIXTOES

1,200,000 FOREIGN EXCHANGE and General |Banking business transacted

·CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter periods at rates which will be quoted 'be application t

W DICKSON,

Manager Hongkong, July 10, 1911.

"OVERLAND CHINA MAIL

CHINA MATL'

may transfer at their option balances of THE WEEKLY EDITION OF THE $100 er more to the HONGKONG AND. SHANGHAI BANK to be placed o on FIXED DEPOSIT at PER CENT

For the Hongkong and Shanghai

Banking Corporation.

CONTATKE ALL THE NEWS

OF THE WEEK.

ALEXANDE CAFE. YSTERS ¿Eresh, Fried or Bound.

Chief and Hongkong, May 14, 1914

Doota (Cash) Dez Com

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