TUESDAY, APRIL 30, 1920.
THE ROUBLE IN THE FAR EAST A HOTGH POTCH
CURRENCY.
any
DEAD LION BETTER THAN, LIVING.
DOG,"
built up by the bank in the course of its operations, Yet these rather irregula: notes were a perfact godsend In the scarcity of mill change; and commanded a premium. And lastly, there, was a miscellaneous assort [From the London Economat)
ment of loan coupons. Liberty Loán Since the prohibition of dealings Certificates, Romance,postage stamps in roables In the chief markets of struck to celebrate the tercentenary the world, the rouble exchanges of at that dynasty, issues of local banks, Soviet issues, tradesmen's tokens, the Far East have acquired a new and cash vouchers, the less irregular importance. At Tokyo. Shanghai, of which were computed at abant Newchwang and Harbin, it has stil 600,000,000 roubles more or less. been possible to buy and sell ronb.There was a gymkhana at Vladivo les, and therefore it is in these stock, and the parlautuel printed markets that the fn incial effects of counters on a kind of blotting paper. the struggle against the Bolsheviks They went into circulation in the
These towa Indeed.
colourable have shown themselves. affects have been particularly wall Imitation of a small note was gladly marked in Harbin, which is the accepted. meeting-point of Russian, Japanese, and Chinese interests, and they have been as melancholy sa well marked.
Of the above, only the "Kerensky At this port of entry to Siberia the land "Romanoff" notes were freely predominance of the rouble was dealt in for foreign exchange, because formerly assured by the Chinese they were the only kinds which the Eastern Railway, a Russian Imple Chinese would buy and keep as a ment of more or less peaceful penet speculation. It was a case in which ration which dominated the economic the dead lion was better than the and political life of Northern Man living dog. The Czar might be dead,
Whatever currency churia.
the Kerensky in exile, and both their" railway took for freight, and paid governmenta gone, but their money out, for wages, was pecessary the
was ill better than the paper of chief money of the
territory Koltchak. For though Koltchak was. served. Moreover, the Chinese active, and head of a Government at Eastern Railway was and is a Omsk, he was dependent upon the link in the great transcontinental Allies, who helped him in all ways Fire. It carried goods into Russian short of recognition, and thereby territory, and those goods were damned his credit with faint praise. aid for in reubles. In South Man-As long, therefore, as the Kerensky huria the Japanese control of the
notes were undoubtedly genuine, they South Manchurian Railway gave
were bought by Chinese and Japa- similar predominance to the yen.
nese investors "averaging" as the Bus to-day the Chinese Eastern Rail-rate sank under a constant adverse way has had to abandon the rouble balance of payment. These much in paying its workmen, and revise its abused speculators alone prevented tariff in a way which practically the complete collapse of the rouble. abandons that money as tender for its freights. This action has been forced upon it by the breakdown of the rouble curency in Harbin
ROUBLES NOT UNIFORM.
The "rouble" in this connection is. not a single uniform currency. In Siberia and North Manchuria lust spring it had the following compo-
ments:-
THE CHINA MAIL.
BANKS.
ASIA BANKING CORPORATION
HONGKONG.
We handle all financial transactions incident to Foreign Trade.
Current Accounts kept in Gold Dollars, Sterling and Local Currency.
We offer to put Importers in touch with American Manufacturers sad Exporters, through the use of the Special facilities of the Foreign Trade Bureau of the Guaranty Trust Company of New York, which are placed at our disposal.
HEAD OFFICE : -
NEW YORK.
OTHER BRANCHES :
SHANGHAI PEKING
EXCHANGE.
Hongkong, April 20, 1920.
On London-
in
HANKOW
MANILA CHANGSHA.
TIENTSIN OANTON
Beck. Wire
100 144
...4/-9
11
On demand.
"
20 days' sight.
4 months' night,
104-94
Crodita, 4 months" "sight,
Documentary monthe' right 4/-11)|| On Paris -
On demand,
THE CHINESE MERCHANTS BANK LTD.
HEAD OFFICE: Alexandra Buildinga, Chater Road.
General Banking, and Exchange basi- DESA ÉS LOBBQTed.
Lowns printed en approved securities, Current Accounts opened and Fixed. Deposita received at rates which may be sscertained on application,
The Bank also conducts Department.
BANKS
HONGKONG SHANGHAI
BANKING CORPORATION,,
PAID CAPITALO manneng
Sterling
*** € 1,530,000 Bilver
$23,0 10,000 Bunny) TAXIDITY OF
PROPRIICZE M
$18,000,000-
BANKS
THE MERCANTILE BANK OF INDIA LTD.
HEAD OFFICE
15, Gracechurch Street, London EXO, 3.
Capital Authorised and Sub- Paid-ap
$15 x6,001 Hoserra Fund and Rest
Rameras Hibility of Share-
holdets *
TER CHARTERED BANK OF
INDIA, AUSTRALIA & CHINA INCORPORATED BY BOTAL CHARIES 1883,
£1,500,000
··750,000
788,700, PA
HRAD OPTICS: LONDON.
CAFEAL
REALY FEAR
150,000 REISE: LAMBWEST OF
PROPLINTURE
A BANKERS: The Bank of England. The London Joins City & Midland Bank Ltd BRANOHES:
COURT or Draacroza ;..^ Hos MEV. D. Parr.— Chairman, 4.H. Dompion, Eaq....—Dopaty ChairmaS,' F, H. Dodwell, Esq. Fon Kr. J. GTM Edkins, Ez!
Johnstons, A 8. Gubbay, Esq.A. O. Lang, Esq. Hon. Mr. P.. W. Pattenden Chlouths Howrah
Bombay Hongkong Holyoak. J. A. Pammer, Esq. Daumho Kandy
Onter Maxarkan Hongkong-N. J STABB, Ex.
MANAGEM
Shanghai-A. G. STEPHEN, B
LONDON, BAN LIES. LONDON COUNTY AND WestminstSE,
Į Pakra Bank Limited.
AND
CURRENT ACCOUNTS opened and, FIXED DEPOSITS received for age year or shorter periods.nl rates which will be quoted on application.
N.J. STARB,
**Chlej Manager.
Hongkong, April 14, 1890
Delhi
Karachi
GALE
Kota Bhar
Kasia Lampor “Rangoon Shanghai New York Singapore Pinang Port Louis (Maxxitlus)
HONGKONG BRANCE.'
Every deption of Banking and
Exahauge business transacted.
£3,000,000 '£3,000,000
£2,000,000
FOREIGN EXCHANGE and General
anking business transacted. CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 or aborter periode at rates, which will be quoted on application.
J. L. CROCKATI
Hanager.
Hongkong, January 1, 1920,
N.
INTEREST Joed on Cament A ccanta at 5 per cent per SUB OF
USE
Daily Balance and on Fixed Deposita THE BANK OF EAST ASIA, LT9. at rates that may be ascertained on application.
CL BANDES,
Acting Manager. Queen's Bosd Central Hongkong, December 11, 1919.
THE BANK OF CANTON, LTD
HEAD-Orri FONGKONG. BAND 1912
Fald-up Capital
81,000,000
HONGKONG BAVINGS BANK.
Essays and Undivided
Profi
FORLIGN
500,000 EXCHANGE and
TER
THE basiness of the above Bank Ginand Banking Buduses, tranqacted.
CURRENT ACCOUNTS opened and
sonducted by the HONGKONG
AND SHANGHAI BANKING OOR-FIXED DEPOSITS Received. FORATION. Halos may be obtained on application
ÎNTEREST on depots
allowed on
at S
the minimum monthly balano PER CENT, per annum.
For the Hongkong sad Shanghai Banking Corporation, H. J. ETABE
Savings
On demand,
Credits, 4 monthe" light,. Jn-New York-
1880
DONG TOY,-
Chlef Manage.
Hongkong, January 3, 1990,
-Credita, 60 days" sight,
sot
This Manager.
2081
Hongkong, May 14, 116. -
THE INDUSTRIAL AND COMMERCIAL BANE, LTD.
2034
Hand Offer: Das aus Bend, Central, HenkewjBranch: Emanian Concession, DOMESTIC & FOREIGN BANKING.
193
nom
Wi Du domand Calcutta Wire,
Upon this narrow basis of the local circulation of a defunct government's money the finance of Sibera's war requirements and her trade depended. The "Kerenskies" were localised in Harbin and its subsidiary markets, because they had been driven out of Siberia by the competition of a cheaper boy
"Omsk per medium of payment. money" was legal tender in Siberia; Romarciisa few notes of the in Harbin there is no legal tender, State Bank issued under the late and the premium on "Kerenskies dynasty, and still in circulation. being at that time 15 per cent They were mostly of small denomina. Gresham's Law in its most general tion, and the total amount quite formo was in full operation, and inconsiderable, not enough to pay theKerenskies" were both hoarded in monthly wages bill of the Chinese Siberia, and exported thence to Eastern Ralway,
Harbin Needless to say, all metallic money had long since disappeared. The cheaper medium grew sull cheaper.
On demand
O Singapore-
On demand,
On Mania
j
|
On demand, On Shangha
On demand
10
Chinese coins
242
T
BUBSIDIARY COINI
% die. dis.
++
... 1-1/5% die 4.3/5% dis 14%. p. ox pm.
12 dis
dis.
#v'days' dight(privata paper).. ` nom. Kerenskies" another issue of
In Ickobams- the State Bank, made under the
On demand.
193 authority of the last recognised all
Gold Eel, 100.ne (per taal) $0.80 Russian Government. They were of The Finance Minister at Omskovarelaps (Bank's buying rate) 84.15 n.
68+ 1,000 and 250 roubles denomination, could obtain no considerable credits Silver (per ox.)
until Koltchak was re- and it has been estimated that at abroad
the Allies, and least the value of 500,000,000 roubles (cognised by were in circulation in the Far-Eastern he was faced by a monthly Hongkong 50 cents sub. market. The Chinese call them deficit of some hundreds of millions of roubles. True, he had about Green Money "Kerenskies" or more familiarly. £65.000.000 sterling in gold and
Bay Silver in Hongkong "Beer labels." on account of a strik-platinum, the remnant of the Imperial Chinese Copper Cash... "ing resemblance...to the latter in Gold Reserve, but that was cover for Chinese Copper Conta
colour, size, shape, material, and vast issues. There was no resource Fate of Native Interact executicn-tokens of 20 roubles and left but the issue of more and more Chinese Sab. Coin
Omsk money." But however ineviHongkong Sab. Coin. 40 roubles, printed originally by the Kerensky Government, and after-table, this proceeding was absolutely wards the favourite issue of the fatal to any chance of getting the Bolsheviks and innumerable forgers. "Omsk money" accepted as payment They were withdrawn in May, 1919. for foreign exchange, if indeed there" Omsk Money" or Yellow ever was a chance. Importers were Money issue of 5 per cent, now obliged to pay an increasing Treasury bills made legal tender. premium in "Omsk money" for the The larger denominations were an
Kerenskies," with which alone they unduly large proportion of the whole, could buy credits abroad. the 5,000 bill being particularly com This basis of currency upon which mon, and much imitated by forgers. exchange operations depended was The total issue by the Provisional not only narrow, it was shrinking and unrecognised Government was and crumbling daily as the irreplace put at a little less than five billionable "Kerenskies' wore out. Any roubles at the end of April, 1919, of thing which discredited that issue which about 40 millions were "small would make foreign exchange im- change notes" bearing no interest.
Horvath notes" and miscellaneous -the Russo-Asiatic Bank issued notes printed in America, which were not necessarily redeemable in any cur rency, but were declared acceptable by it at certain of its branches, and at any station on the Chinese Eastern Railway, in lieu of "Kerenskies." They were named after General Horvath, head of the Government of "Eastern Siberia and of the Chinese Eastern Railway. These were not even certificates of the deposit of "Kerenskies" by the Russo Asiatic Bank, though, a reserve of torn "Kerenskies" to the amount of about 10,000,000 roubles was ultimately
possible, and events soon occurred which discredited it very effectually, These will be described in the second. part of this article.
DEAFNESS
AND NO IN THE HEA
Scores of apparently "nopeless" CREEK DAYS DOGN completely cuzeri by the well known "French Delen NOTHING EQUAIN THIS SIMPLE REMEDY. Pries 46 per Boz. Bockist Bran. 'Orlane' Co., Station Rd. Croydon, Eng Ang good class. Druggist can obtain this remedy. to your order, or it can be sitalsed direct from
ne upon receipt of cami,
As the whiffetrea re- "gulates the strain for a double horse team, to
the Shirley President distributes and
regulates the strain to the body as
each member of the person in move-
ment calls for additional use,
The extreme comfort is given by the metal tubes moanted on adjust- ablo swivels every extra strain automatically supplied by "the w justability of this wonderful brace construation. When you buy look
for "Shirley President" on the buckles-this is your gaarautae-
For Sale By Good Dealers Everywhere.
PRESIDENT SUSPENDER
Shirley, Masa, U. §. A.
Cable Address PRESIDENT
COMPANY.
Established in 1976..
ith Banton and B35
$1
HONGKONG STOCK EXCHANGE.
HONGKONG, 20th APRIL, 1920. OFFICIAL QUOTATIONS.
BANKA.
IL AM.
Sterling Exchange 4/0 T. T.
*** $600 6.
Hongkong Banks one
MARINE IZAURANCES,
Canten LasumJED
North China, Insurance... T. 120 m.
Union. Inearance...
Yang'aza Inenzance
Far Easterns..
FIRS INSURANCE.
8446.13-
...$180 b. ...$230.2.
T. 19 u.
China Fire Toarte.....$135. Hongkong Fire Insurance ... €300 b.
SHIPPING...
Danglares...
H. K. Steambo-ta
Indo-Chinas (Prof.)
•
**80 b
...823b. ...8 22. Do. (Det.) $210 b. L'don Register.
10-b. ...$30 b. 30 s
Shell Transports
Star Ferries...
RIFINERIES
China Sugar Malabon Sugars
$184 b. 183 53. $41 12.
Kailan Mining Ada.... Langkats Shanghai Losan... S'hai Explorations
Trough Mine
}
144
130/- S
L. 17 B
$1.00 n.
Ural Caspises
... ...,32 5. DOCES, WARVES, GODOWN, de,
-881 b. 24 15,
H. & K. Wharis... B. & W. Docks...
151 b Raat Docks on su
T.130 n.. Now Eaginoatings.... 1. 27+ B. LANDS, HOTELA & BUILDENCE.
Cental Estates at 4. $107 m. Hongkong Hotels $120 b. 120 sa. Hongkong lands...8104 b. 195 cm. Humphreys
Kowloon Lande Land: Radlamations West Points... COTTON MILLS.
Ewe Cottona..." Kang Yika måna Lacu Kung
Mows Orientale
Bhanghai Cottons
Yangtrapoos
MISCELLANEOUS,
China-Borneos,
...133*.
... $58.
T. 67 b..
340 D ... T. 48 b. 46 BB-
Comente..... 68.40 b. 8.45 sa.'
Chias Lights Old $73 &Now: $5/
China Providents...
Dairy Farms,
*
A. Electrics market,
Maoso Dar
Hmgkang Boots)..
Hongkong TramwLYS 194
Peak Tramways (Dlay...............,84.10 b...
Do... (Now)...
8bo Landrisa
ELK. Steal Foundry Water-boatay'
Wm. Forells
izsman's
0.10"
$0.80 m $4.00 b
$10.
alex div.
SERVICE PROMPT. Current, Savings, and Fixed Deponita bes: Interent si Rates: 9%, 47, BY. respectively.
Inquiry on our SPECIAL SERVIOR
will be welcomed..
Hongkong, July 7, 1919..
INTEREST ON FIXED
DEPOSITS.
For Months 3% per annum. For 4. Mon. 16% per annum. For 13 Months 44% per annum
LOOK POONG BHAN,
Chiel Manager. Hongkong, March 10, 1913.
BANQUE INDUSTRIELLE DE THE BANK OF CHINA,
CHINE
x
(TRENOR BANK), AUTHORIZED CAPITAL ........ *. 250,300 cc SUESCRIBED CAPHAL F. 150,000,000 78,000,060 Pám Ut ......
J. DSANG ET.
Manager.
SUBSCRIBED BY THE GOVERN- MENT OF "ES CHINEE REPUBLIC
THE OHIŅA PROVIDENT LOAN AND MORTGAGE CO., LTD
(Capital Fald up. #1,150,000.)
Bonas en Mortgage if Bones Property, AM Goods
ZANIA ON MATURANTE WITH A Lokne made on the Provident rates.
TRUSTER, EXECUTOR d WILLE, ATTORNEY, 22. Undertaker and Insexist, TRAIN ANG PATIROKINYS ON LODHOLZON) In the son of SHEWAN, TOYES & CO. General Managers.
NOTICE.
ZAR TRAMWAYS COMPANY,
PEAR
LIMITEGO
The Cars will run between the following hours only, until further notice.
WEEK DAYS: 7.30 am. to 10.30 .. 12.30 p.m. to 2.30 p.m. 4.00 p.m. to 8.30 p.m. SUNDAYS
7.30 am to 1130 a.m. 12.80 p.m. to 2.30 p.m. 4.00 p.m. to. 8.30 p.m.
Besson, and punch tichain avaliable for "all "mars-non" "Already fall, running-st "the time stated in the Company's thon-tabilan,
·But not for special cars; can be obtained Zon: applies for 'ab the Company's: Ostos. No Besson ticket will be ·Landed makli pay therefor izse bear made in Bant Notes or by Cheque or Compradore order representing Bank Not
JOHN D. HUMPHREYS, & BO
General Managers,
Just arrived
a large assortment of FILTERS
1 Gallon: up to 4 gallons
C.E. WARREN & CO., LTD.
#fos. 10 & 82 Des Four Road Centrals Established 1900
Chairman of the Board
of Directory
F.
行銀國中
(Specially authorised by Presidential Mandate of the Hapublic of China on the and of November, 1917), Arshorised Capital 25,000,000d-up Capital
Reserve Funda
General MacAVORANO TAK Bikalot.
Ji Pernotia.
HRAD OFFI0. ; **
74, Eno Salat Lasice, PARIS. *LACK BRANCHES MARSEILLES,
PEKING,
BEANGHAL
TIENTSIN,
BANKOW. VLADIV
HORGEON),
SINGAPORE, HANOL
ВАНКИВА:
CANTON, RAIGON,
HX
SWATOW,
In RANGE: Bociété Généra a pour favorizer to Développement du Commerce et de l'indeveria en Franco.
In LONDON: Lordon Joint Cây à
Widland Bank, Ltd.
In NEW YORK: Redmand & Co.
Correspondents in the Ozial Com mercial Umtres of the World.
Telegraphie Addrúm: CHTBANKIND,
Interest on Current Locounte and Fixed Deposita in Local Currency and in Gold. Terms on appäimiin.
very description of Banking Foxolange business transacted.
Special facilities for French exchange”
MRQUET DE JOURNEL,
Manager Hongkong, February 4, 1920,
AJEDERLANDSCHE
NED
1
80,000 990.00 13,579,800.00
· 2,187.400.00
HEAD OFFICE: PERING.
HONGKONG BRANCH 20/31, Connaught Boad, Central, Branches and"
HRAD OFFICE: No. Queen's Boad Central PAID-UN CAPITAL, 1997 199 $2,000,000,00
REXITE FTYD,
DIRETORE
Mr. Chow Shoe Ben Mr. Li Loca Chin, Mr. Ting Flag Fair. V. P. I. Kwak
200,000,00
M. Kan Ting Por Mr. Mok Ching K Mr. Wong Yes Tong Mr Chan Ching Shank,
Mr. Ng Chang Lak.
CATHY MANAGE Tong Po, Esq., ANZ, MANAGER (Li The Fong, E
#frary description of Zazking and imme
Inbarent advend sa Camat Hopouth-dioneant AR- NON TAM DE TWO per cent. per Lasen' and un Plant Dapostin at the following 16204 am 4
Toe (3 months at the rate of 3% per an For 6 month at the rate of 42% per jamun For·LI maskia -thm ruin tal-52 107 MARZO
KAN TONG PO
Chief Manager. Bengkong, February 18, 1920,
BANQUE DE L'T DO«OBIE
(FRENCH BAKE),
KAM -
HRAD CYFICE:
18 Rae Lantis. PLE Capital FIX, 48,000,000 Regar¥Comm0,000 G00 BRANORMS AND AGE ORES- BANGKOK Kemaror. SAIGON BATRANEANU Moserin
B
DJING-ORT
HAIZHANG
BUKOW
ELANOS
Нема
PAPLITE
1
Pazza Touman
F-P VLADIVOSTOS PREZENT
BASKIRA; m
IN FRANCE: Comptoir Nationa.. d'Eacompte de Parisp Credit Lyonnais, Bangus de Paris et des Pays Bas Credit Indicial et Commercial; Boelen Generals:
IN LONDON, The National I rovincia. a Union Bank of England, Lad. Coup sol-Rasional d'Escompte de Farin Credit Egoonals.
IN NEW YORK; J. F. Morgan & Co.
kamerosi allowed on Carpent Accounts and Fred Dupond according arrangeNNEL IN.
Every description..of Batiling and
Sub-bracones all over Uhins and Corrce-Archange Business ransacked. pondenta in San Francisco, Bingapore and Tokyo....
London Bankers:-The National Pro- vincial and Union Bank of England Ltd.
New York Bankers - Irving Trust
Copacy.
LBERINDOAGUE,
Manager.
Hongkong, Dec. 1 1919
TEK YOKOHAMA SPECIE
BANK LTD,
Katzen 1889.
Interest allowed on Current Accounts AcercÁZED. CLPIKAN ............. For 100,000,000, and Fixed Deportit.
Pain UF CAFTA BIRTH FORD
Termam on application.
Every description of Banking Business transacted.
Loans granted on approved securities. Special facfifties for Home Exchange. Interest on Fixed Deposits at the following rates:-
per annum
» 81,000,000
H 44,000,000
HEAD OFFIOR-YOKOHAMA BRANDER ARD 4628UM AT
Dasar (Dawn)
HäTATIA BOMTAT
NEW YOLL
BURZOG ÁTEME
OKAZA
CALCULA
Piisa
ORANG KEN
BAYFOON
FAX FRANGOO
FELGENS (NUEDEN) ŠZASIDA
HAREST Horny
ERATERAL
P
CINGAPORE
HAITTEE
BORRADAYA
KORE
Вержик
Hongkong, January 14, 1930.
Leapest
Tact
ANDEL-
LOS ATUZTE Lroxs
Torre
TODTANTS
HAB AATSCHAPPIJ. MA
ZARURLANDI FRamone Bocreux)
Authorised
F:100,000,000 £8,231,323 Capital Pald-Up Capital F'. 80,000,000, EA $68,538 ; Reserve Hand, P.-14,580,545 £1,316,878 Bpecial Reserve F: 17,000,000 £1,418,868
HRAD OFFICE- A misterdans. Gw7 Brandhem aktive Dow
Botterdam
„HEAD AGENCY-Batavia, Branches:
Penang Bangoon
Fandicizanah Bandoeng
Boer
(Bolo) Tinggi (Dell)
London Bankers 15-Abe vinsial & Union Bank Timbed
YORE,
England
The Bizli beyn mod selli mod-ruowlyne for collicilan Bile of-lanhängs karter Correspondents for the Hanh, và Continant, in Gzná Melini, Amarien, and Australia, nad kommer bekor Bestzem of every danchfehlen.
DadT Hon cronn Bepke 20,1
For 3 months 3% For 6 months-4% per annum For 11 months--5% per annum
TBUYER FÉL
THE BANK OF TAIWAN, LTD.,
(HAIWAN GINKOj.:
+
[#002PORATED BY BIBOLAR IMPERIAL. CHATTE, 188,
Caprial Extected.... Yen 80,000,000, Darizal felt-p}
$7,500,000 Resulüb seeke
7,030,000
**
+1
HEAD OFFION (~~ TAIPER, FORMOSA......
BRANUHE31 JAPAN-TOKYO, Yokohama, Kobe,
Osaka, Moji...
FO MOSA-Giran Kagi Karenko, Keelung, Kakung, Nanto, Pins, Shinchiko, Taichu, Tainan,
-Shanglad, Hankow, Kfaklang,
MAMA
VAADITOR.COM TEUNGTAN
Interest allowed on Current Accommte Reposta recolved for fixed perioda as rates to be obtained on application.
G. HABEIDZUS
* Managers Hongkong, March 15, 1920,
NORTH BRITISH & MIRJASTIŁA
INSURANUS '00 ·
/ Wizen Äun TERKENİNER KRANES 97 TER OCMAN MARININ INSURANCE COMPANY, EXO,
THE RAILWAY PARTINGEKI
ASSURANON CO,
Foochow Bestow TOTAL FuzzWzki wi imkok, Hongkong, Bings-Author Capshal, #8,000 me
Sourabaya, Bemarang, Enbortbed Capital-Ra Sonom Betaria, Bombay, London, New Fakire Capri,pdatecomer York
Blaking Fand Account can
LONDON BANKERS: London County Westminster and
PAITA Bank.
The Bank har Correspondants In the Revenas t Commereft Centres in European Con tinent, Pazzis Manchuria, Tsingtao,
fdande, lavy, and other, Daich "Indias, Other Roopt Japan, Indo-Chins, Blas, India Philippine Revenue Marin
Australia, Amerion, Africa, a
--Interest allowed on Current Accounts, And Fixcy Deposits at rates which will be quoted on application, f
SEIZO KONDOR,
HORDEONG BRANOHIS
Des Voeux Roser Central, Hongkong, November 1, 1918.
The Accumulative Fanda of the" Branches are separately invested, and Act of Parliament, aró sat saida. fo. the clalina, under that pornickém merita of the Company's Busines
SHEWAN, TOMES E.
Agouts