Page

Ho

[ONGKONG & SHANGBAT]

BANKING CORPORATION."--

LEAD OFFICE HONGKONG, AUTHORISED CAPITAL... 250,000,000 ISSUED AND FULLY PAID UT $20,000,000, RESERVE FUNDS —

. STERLING....£4,000,000 SILVER $25,600,000 RESERVE LIABILITY OF ) 820,000,000

PROPRIETORS...)

COURT OF DIRECTORS! W. L. Pattendan," Haq -Chaizeak H. P. White, E-Poputy Chad, 2911

B. D. F. Beith, w

W. H. Bell, Esq.

A. Flammer, Eq A. H. Compton, Eq 7. G. Well Eag. HOR.Mr. P.H. Holyonki G. M. Young, Esq.

་་་

CHIEF MANAGER:

A. H. BARLOW, Esq. Managar: Shanghai-G. A. STITT, Esq.

ti

COMMERCE

MANCHESTER GOODS.

AND FINANCE.

JAPANESE COMPETITION FELT INandan

CHISA.

BRITISH TRADE,

THE CHINA MAIL.

value

PHILIPPINE RICE

DECREASE IN PRODUCTION. LAST YEAR.

Reflected by mereased importa. tida, rice prodction in the Philip pines during the last year shows a denresio of nearly three million envans below that "of 1923, accord-

of

EXCHANGE.

Hongkong Fobuary 13th, 1985, On Loadun

Bank. Wire...

O domand

14

3.) day's sight...

3 14 18

4 months slabs.94- Orodits 4 months' night („3/4-1

Documentary, 4 months sight 2/4-1

1035

7 Parle-

On domand...

Credits, 4 month, sizhb... 1195

On New York

On demand..

On demand.

Credits, 80 days' light. On Bombay--

Wiro

67

... (51)

On dooind

alontha

Wieo

On demand

My

19

On demand...

Oo domand.'... On Shanghai - On demand

WEDNESDAY, FEBRUARY 18, 1925.

VISITORM AT KÖTELA.

HONGKONGJHOTEL. 77

February 14

Miss A. and Me and Mrs. P. M. Hamilton

Aiton"

Mr G. ». Harriman Mr R. T. G." Altkan Mr W. D. Hawes Mr W. 8. Allen Mr and MrsA. B Mr and Mr.A W. Horseo

Van Andel

Mr & Mrs A. Eick

Mr G. Affolbenm Mr AR. Johnston Mr. A. Auly Mr & Mrs E. Kaller Mr and Mia J. T Mr & Mrs Kelling.

Bagran

baren Mr F. 1). Ranban

Mr P. Kersh Miss K. Bardorelli Mis W. R. Kimball Miss K. Barlow Mr and Mrs Josa Me & Mr. N. Bal Knoth

Hra E.. R. Bellion Mr and Mrs T. R.

Mr Y. Benjamin

Mr J. Bennet

Mr R. G. W. Bo

praad

Mr H. Bickerton Mr R. J. Birbeck

Mr Blankotaki

0H

***

110"

Me M. Blane

nom.

Mr G. Bowact

MET, 8, BrowWD

141

10 days' sight (private paper)

HIGHEST YEAR'S FIGURES "SINCE 1920, Record figures both for the to an official estimate, based our The animal report of the Chinn and Far East Section of the Man month of December and for the various reports received.

While 1028 mid 1922, rice pro- chester Chamber of Commeme past year, the best since 1920, are shows how heavily exports of contained in the Board of Tradeduction amounted to 18,790,500 and 48.436.830 avans. respectively, The im British rotter goods to Hongkong roturas for December.

that of last your is placed at only |Hon. Mr. A. O. Lang, and China have fallen since 1919, ports for December were sub-.

140,000,000. This in spite of the. and the extent of the recovery stantially in advance of any

bet that during 1924, there were vy 1924. The 1913 figures in millions previous month, their

череты

irrigation mora insufor of linear yards and the, 1923 and being £131,609,568, an increase of

systems operating Officials of the 1925 6gures in initions of square £12,869,340 on November, and an yards, the change from linear to advance of £22,444,556 on the bureau of agriculture are; however, spare yardage, involving reduction previous December. With respect optimistic of a bumper rice crop of 6 to 18 per cent., are respectively to British exports, the total for last this year, in view of the opening of On Singapore $717, 25% and 202.

month was £69,307,866, an increase several more irrigation systems in on November of £1,157,050, and rice-producing provinces immedi-On Mantis of £5,192,677 on December, 1923.ately before the planting season,

the expected control The Imports for the year totalled and £1,279,844,597, which gives there pest and diseases, attacking remarkable increase of £183,618, working animals,

The lower rice production last the previous 383, over

was Gold Leaf, 100 fine (per tool) 47 Year was principally due, it British exports were valued. £795,364,581, 31 advance of officially explained, to the occtir-Sovereigns (Bank's buying rate) 6 99

Silver (per oz.) £28,106,810 over 1923. To these rence of floods and typhoons, focust

BUBSIDIARY GOINS- exports have to be added the 're. and rice pests which destroyed and exports, amounting to £143,148,957 attacked rice plants, and to an Hongkong 50 cents sab... par. which represents

thras and rinderpest which killed u number of working animals, as a £21,605,152

Imports of raw materials for the result of which planting was Inte and many rice-fields could not be month were £11,291,888 HD On November.

Added to this Of this, $4,863,881 property worked."

was the suspension of operation of was in raw cotton, £3.43,727 lu wool, and £1.728,258 in oil seeds, many rice mills in the provinces. nuts, etc. In manufactured goods received there was an increase of £1,920805; but imports of food, drink and tobacco" showed the small decline of £295,374 Exports of.. British

LONDON BANKERS. Westminster Bank, Ltd. CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local-Carrency and Sterling en torms which will be quoted on application.

"Hongkong, 18th February, 1915.

the

Commenting on the figures the Section, say's ;--Bleached goods in purtienlos have increased to A marked extent, and Making all classes of finished goods gether there has beon, a 40 per cons. th. rense in the yardage of our exports to Chinn. Hip only, toe agjevent, on the other hand, that the true in grey, cloth is mewhat rapidly Bassing away from un.. fi 1921 HONGKONG SAVINGS BANK our exports of grey cloth were about amessixth of the exports in 1913. HE business of the above Bank is. This isalue largely to the increasing ΤΗΣ

conducted by the HONGKONGtion of mills in China and AND SHANGHAI BANKING COR PORATION. Rules may be obtained to the development of the import Tinto, flina of coarser gronds of sa application.

INTEREST on deporits is calculate Japanese manufacture. At on the lowest hilange sharing sach: com. Sie tune, it cannes ho em platal Calendar Month at 3 por cont. plastically stated that it first and per annum. Should there he no balance, frost a matter of pri Tan

any day in a month no intareat, will say effect a rovery of the trude when her spinners and manus facturère, en rolars, rústs, Japanes are also booming com pofitors with us in finished According to a recent estimate the American Commercial Attaché For the HONGKONG & Satoza in Tokyo, some 50 per root, of the BANKING CORPORATION, cotton spindles in China are con

H. BARLOW.

trolled by Japanese This fact is Chief Managmereasing the potential severly of Hongkong, 7th January, 1926.

A return to | Japanese competition.. THE CHARTERED BANK OF 8 prewar volume of trade." with China is also retarded by political INDIA, AUSTRALIA & CHINA. stability, lawless and brigand

Fige and preessive and arbitrary Find-inal taxation.

be allowed for that month.

Depositura may transfer at their option Balance of 8100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE

LONDON.

Paid-up Capital' ...

.£3,000,000

Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000 £3,000,000

FOREIGN EXCHANGE and General Banking business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter period at rates which will be quoted on application.

A. H. FERGUSON,

Manager.

די

The

year. at

risė î

4

of

manufactures were, £894,560 larger than in November. Cotton goods rose. £2,449.733; but Iron and steel manufactures were down £495.811. Raw mater als exported increased by £845,921, coal showing an increase of £393,637 "Food, drink and tobacco decreased £1,131,363....

+MANCHESTER MARKET.

James F. Hutton and Co Ltd, Manchester, reporton January 14:- American cotton value have been exceptionally steady and trading has been comparatively quiet. The rather bearish view that was taken of recent supply and consumption

been somewhat

In regard to the Boy Bade law and the extension of time for regis |tration, the Committee say? Thus the immediate necessity of firms Inking steps to register their marks statistics has

ms disappeared, and it is trusted modified by last week's figures, that before June 30 arrives the pro- (which gave the world's spinners' posals concerning the administra-takings as 407,000 bales against tion of the law. Which are 2011 | 289,000. for the corresponding week "sidered essential, will have been last year.

Prices have also been supported by the continued better accepted by Chin.

"On the subject of Japan's new demand for spot cotton, which has Customs duty of 100 per cent. shewn a marked Increase at Liver- Lai valorem upon certain." classes of pool during the week. Futures goods, it is stated that fortunely, have also attracted the attention of Lancashire's stapie productions. speculative interests owing to the were not directly affected, although general outlook, Egyptian values in some instánées cóncern was felt have shewn considerble weakness hy certain, Manchester houses in owing to heavy quidation in a regard to special lines. As regards market almost without demand, orders not executed by July 6. and although prospects in this | reliable estimate of thè quantity of section are not very clear yet, a such goods, has been compiled by further fall would hot be un- cireulting over 600 firms, which expected Balgon Shanghal

resulted in a majority of cases in Singapore the tax not being applied. This Tictain

I was a service which was very great Тортира Yungenfa appreciated by the meintery

Leoncerned.

A Hongkong, May 8, 1923.

BANQUE DE L'INDO-CHINE.

3)

HEAD OFFICE:

Reserve Fund

G6, Boulevard Hausmano, Pony. Bubscribe Capital. Fr. 72,000,000.00 Pald-Up Capital ... Fr. 68,400,000 00 Fra. 59,647,268,54 BRANCHES Hongkong Mongtee Noume

Bangkok

Baltirabong Cantos

Ditbontl

Haiphong

Hankow Hausi

Paposte. Peking

Phat Pinh

Pondicherry BANKERS:

IN FRANCE Comptoir National d'Ecomust de Paris; Credit Lyonnais, Banque de Park et des Paya-Bas; Cesdit Industriel et Commercia) Bovista Generala.

IN LONDON: Tos National Provincial & Caion Bank of England, Lid.; Comptoir National Fomple de Paris Credit Lyonnise IN NEW YORK: J. P. Morgan & Co, French Americati Banking Corporation Guaranty Trust Co. of New York.

CHINESE BONDS.

f

COURSE OF PRICES IN, 1924,

Quite a good recovery has taken place in the better secured bonds of the Chinese Government during the past week, says the writer of City Notes in the Evening Interent allowed on Current Account and Standard. This results from the Fixed Deposits socording in arrangement.

Every description of Banking and Exchaogmore tranquil condition of the Business tramected.

A. LECOT,

Manager Hongkong March 20, 1924.

THE YOKOHAMA SPECIE

BANK, LTD.

"

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund

Yen 77,500,000

Head Ofce-YOKOHAMA,

Branches and Agencies at:

Batavia.

Bombay.

Buenos Aires.

Calcutta.

Changchun.

Dairen (Dalny).

Newchwang.

New York.

Osaka.

Peking.

Rangoon.

Rio de Janeiro.

Fengtien (Mukden). Saigon.

Hamburg.

Hankow.

Harbin

Honolulu.

Xa! Tuen: Kobe.

Bondon.

Los Angeles.

koon. Manila. Hagasaki.

San Francisco. Seattle.

Shanghai.

Shimonoseid.

Singapore. Soerabaya.

Sydney. Tientsin. Tokyo. Tuinanfa

Tsingtau. Vladivostock. Nagoya.

"Interest allowed on Current Accounts. Deposits received for fixed periods at rates to be obtained on application.

C. ARIMA, Manager. Hongkong, 27th October, 1924,

it

Everything New |

New Shop. New Stock. Now Prices. Baltable for your pocket.

All kände 'of Kadina and Chinees Bäki,

Hayle --Embroiderim-sa-

Sjúkwnyá da ubokke,

SIND SILK STORE,

Queen's Bond Ciniteni,

In the Manchester market there has been a fairly considerable en- quiry. but only a very dispro- of this has portionate amount materialised into actual business. The turnover has in fact shewn some falling off in almost all sections, due mainly to the large Far Eastern markets being very inactive. Even so, however, the fewer makers who can give early delivery continue to make some. progress and as soon as their deliveries go ahead cloth prices are generally advanced in basis. In occasional instances makers who can give quick delivery are standing out for better prices on this account. Most of the of fers received show that overseas buyers do not yet appreciate that little in the way of concession is now to be obtained from quotations. which are held to very firmly by sellers. Fresh machinery is being constantly restarted and in not a few instances a shortage of labour 1924. Flat yield. has been apparent owing to the Hst. Lat. E s. d. poor employment in the industry 4 8 6 during recent years. This will be 1815...... 5% 1896... ... 94892 5 7 6 made-up again but it will take

1898.......

811⁄2 75. 150 some time before full output is 77 644-6 6 6 possible. 472% 1908

1912 7134 654 78 6

American yarns are unchanged 5% Reorg 1913 752 65 6 17 0 Do. French

issue

7 3 ...... 732 65 Do. Imp. Rly.

{ included mainly dhooties, shirt- 1899

782 66 716ings, light whites and prints, but 15% Shang-Nan-

the turnover has been disappolat- king

*** 75

61 760ing. All the above are being redeem.

country, the publication of figures showing that the Maritime Customs receipts had increased during the past year, and the belief that the Government is prepared to adopt any reasonable measures that may be proposed by responsible parties for placing its finances on a sounder basis. The following table is self-explanatory

up.

6

India enquiry has been fair and

ed by annual drawings except the

Rice shipments from the pro- vitices to Manila last year showed a decrease of 1036.297.5 sacks from those of 1928, the respective totals being $76,560 and 1,921,737,

On Yokohams— On demand

1

10

11

+4

ول

Canton colna Bar Silver in Hongkong

binoso Copper Cash Chinese Copper Cents ........ Rate of Native Interest Chinese Bub. Onin Hongkong Bah. Col....

A

COUGHS.

1% dis.

... die. ...62 %. dls. ...10% pm. 10% pra

8.% pm. 5% in % out ....28% dis

Ribe imports during the first STOPS STUBBORN BRONCHIAL eleven months of the Inst year totaled 16,506,508 cavans showing an increase of 10,282 cavans "over

When changeable weather or exposure which he 1023 importitions,

to cold and wet results in bronchitis. '6,315,43 cavans, start at once taking Chamberlain's amounted to according to customs figures. The Cough Remedy. Been used for over increase continues, it was. intim-fifty years and strongly recommended for bronchial and influenza coughs stub- ated in spite of the high tariff her wakening coughs and troublesome duties levied on this commodity.

night coughs. Sold everywhere.

LOCAL

SHARE MARKET.

QUOTATIONS. OFFICIAL

PEBRUARY 13, Names

aok H.8.6.C. TT, on selling rate

London

and on Shanghai Hongkong Banks 11gb, London-145

P. & O. Banya

Horcantile Bank A B 226-1/1 b.

do.

0

Marine Insuranoes Canton Casaranos... North China Icearance Union Insuran Insurance Yangtere China Undie

755

IT AN..

Stack Exchange

FEBRUARY 19. Sharebrokers' Association.

1:

9/87

$73-1/4

1/3% $73-1/4

b. 1215

"Charts:ed Back

£31t b

b.

221-1/8

*. £11

East Asia Bank

b. 1(2

b A £99

£13-9/8 b.

'b. *0* 18)

-756 p.

160 D. $250 h. 267 5%. $41) b.

4. 140

THE

1

3.20 p. 3) 11.

b. 3 sa 3.2)

185 b

b. 195

***

710.

1. 715

58 b.

b. 69

$98 b $4,31 b.

b 480 m 4,80

38 n. $120 D.

D.

98

1 D

n. 190

938 b.

179 b.

# 17-1/4 0.

*H

4

$165.

1895.

52/6

Far Easterna ....... Fire Insurances

China Firo Insurance ... Hongkong Fire Tasdrance... hipplug

Doaglasso...

H.R. Steamboats ***** Hongkong Tugs and Lighter fado Obinna (Prof.

do. (Dof-))" do, (H.5. Reg.) Shell Transporta Star Ferrine Water-boute. *** Oriental Nav. Co. Mefineries

China Sugar .. Malabon Sugar Wining

...mb. #2 n.

Kaiten Mining Adm Langkate Shanghai

LOBDA S'hai Explorations... Ringle Laugkats Raubs

Tronch Minas

Ural Cosp ReBruct Don

IM TH

b. 37 18 A 17.67

.93/. b79an 90 '9 10

n. 41

a. 70/

n $3

€ 0.

0.10 b.

.2. 1-1/13

19. 10 s.

z. 9+

19. д.

: 'De

Docks Wharvan, Godowas, o.

A&R. Wharle

A. & W. Dook*** S'tal Dock

TH

b. 3 14

#2084.

$145-1.26. j sa. ** T.110 b.

9:.91 b.

$210 b.

b 148

b. 111

New Engineering****** A. K. Baginseringa Shanghai Nongkowa Lands, Hotels & Bulidings.

.E.Bbai Hotels 17 b. 18 a. New 17.10 m. H.K. Developmenta

70 ots, b. & sa 50 ■. Hongkong Lands...

44

Humphreys Estates. Kowloon Lands Land Reclamations Princes Building...

H.K. Boalty

H.K. Territorials.... Koral Land

S

$9.30 b. $1.93 6.

Mr A. W. G

Browne

Kraakman

Mr andi ára 0.

Lauri sen

Na P. P. LelovED" Mra E. Liddeli Miss A, Lillie.

'Mr M.P.D. Marshall Mr D. McCallım

Capt. A. W. McKin

joy.

MD. McLeod

dr. L. Markle-

Mr. F. Bochanan burgh

Mr R, Bardia

Mr J. H. Mr. W. Burns Michael Mr E. Carlton Mr E. W. Miller Mr 8. Christopher Capt. and Mrs I.

Mills

Bon

THE BANK OF EAST ASIA, LIMITED.

HEAD OFFICE HONGKONG,

Authorized Capital.........10,000,000. Pabi-op/Capital ..................... $5,000,000, Roserro Fund

$1,500,000.

DIRECTORS:.

Hon. Mr.-Chew

Fong Ping Shin

P. K. Kwek

Li Koon Chua

Ching Lak

Fong Wil Ting

Bhon Son-Chairman.

Moy Ching Kang

Wong Yun Tong

Hayah Tur

Kan Ying Po

Chan Ching Bhak

Every description of Banking and Exchange Alyalnesi y frenannted. Leine granted on

approved securities.

SABE DEPOSIT BOXES to lat,

KAN TONG PO,

enjat kanakar.

Hongkong, 10th February, 1925. !

NEDERLANDSCHE. HANDEL MAATSCHAPPIJ.

(NEPEVKLÁMIW THARING Booster.)

BeTÄNLINE 1994.

Homorano BRANTE ENTABLDER 1906,

Mo-Authored Capital ..150,000,000 £12,500,000 Pald-Up Capital.... 80,000,000 £ 6,666,571. Reserve Fund.........G, 20,045,029 £ 1,870,419 Special Reservo...G. 21,600,000 € 1,888,830 HEAD OFFICE ---Amsterdam, EASTERN HEAD OFFICE :~~atavia,

BRANCHES

Dr. Christopherson Mr. and Mrs T, 1, Mrs Christopherson Moore and child Mr and Mrs W. & Mr R. B. Moorhead

Corn II

Mr A. S. Murch Mr W. Norwood Mr E H. O'Farrell Capt. & Mrs Fearse Miss Pearso

Mr J. E. Dangar Mr & Mrs B, Dean Mr W. Hagen

EXPULSI

HOTEL BAT

14

Mr & Mrs C. H.Mr & ME, Lond

Bannorman Mr Monthood

Mr & Mrs J. Babar Mr & Mrs H. Oʻdoll

and child

and children

Mr and Mrs A.Mr and Mis J, N.

Broatedt

Mr and Mrs A.F.A.Lady Poarco

Carleton

Dr. Dovelan Mr and Mrs B,

Deking Dura

Djember

Bandjarmasin "Bandoeng Bombay Coloutla Überlbon Djokjakarta Rota-Radje Padang Ped Rotterdam

+

The Hague Kobe Makwear Mudan Palembang Pelongin Pontianak

Singapore Boorabais Tagal

Parkor

Mr C. B. Bhank

1

O

Mr and Mrs Vander

Ste

Ltuend Mrs Sta

de W. La Franklin på of

and his mother Me de Mes L. Torry

Me and Mex I. H.MM. Walk

Geore & daughterMr and Mrs B. D. Mr & Mrs Harrisos Wood 1

Mr A. J. Hayin" Mr and drs J. F. Mr and Mrs P.M. Wright

Hodgoos

PEAK HOTEL.

الحماية

Fe ruary 12.

Dr J. W. Anderson Mias G. Kënnedy Mr. 9. A. Arthur Mr M. 9. Key Mr & Mrs T. ArthurM; and Mr Miss E R. Baily Kill

E, K

{ Me and Mrs L. Ó. F.M: & Men A. "Lano

Bellamy

Mr and Mrs S. H. Mr J. W., Bonour Langabon Mr and Mrs T. G.SI, X. /arona

Benrett

Me and Am G.D.,

Loys Mian Loys

Mr W. H. Bourne

Mr M. J. Breen

་་

Col & Mrs C Russell Major A: 8. Little-

Blown

johns

Mise P. W. Brown Mr D. L'oyd Mr. D. Caro!hèra Mr W. H. Löök Capt.& Mrs J. O. Mr and Mrs W.

Carpenter

· ·∙LORAD.

Mr R. H. Cieland Mr D. C Legio Mi M. Cooper Mr and Mrs T. A. Me IH. Cormack Martin

Mr and Mrs W. A Mm J. Matiash

Cornell

Mr R. McGregor Mr and Mrs J. D. Mr E E Miminset

Danby

Mr and Mrs FW. Lt. Col. R. A. Dob. Munton

bin

Miss M. W. Newa J. holme

Mr. And

Dancan

Mrs

Mr W. E, Dye

Mrs Samers Ellis Miss Ellis

Mr W. figden

Rangoon

Semarang Shanghai

"Boerakaria (Bolo) Tilletjes Weltevrede LONDON BANKERS:- National Provincial Bank Ltd.

Correspondents all over the world,

·BANKING BUSINESS OF EVERY DESCRIPTION.

W. H. GROSKÁMP,

Agent

Hongkong, Noyember 4, 1924.

公理管業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DE OHINE

ETABLISSEMENT FRANCO

-CHINOIS.

(Incorporated in France).

5, Chater Road, Victoria, Hongkong.

HEAD OFFICE: 74, Rue St. Lazare, PATII.

Subscribed Capital fully

paid-up

Frs. 10,000,000 Reserve Fund ..... Fra. 10,800,000

Working fand provided by

THE BANQUE INDUSTRIELLE

Paris:

DE CHINE

Frs. 50,000,000.

BANKERS:

Sociato Generale,

Banque

Nationale de Credit. Bapans de Paris et des Pays-Bas

London: Midland Bank, Ltd.

New York: Irving Bank Columbia Trust

C9.

*

Every descriptions of Banking and Exchange Business transacted. Corres- pondents throughout the world.

M. FITZ-HENRY,

Manager. 10th November, 1924,

tir F. E. Ollerton THE BANK-OF-TAIWAN,-LTD.

Major and Men Y. E.

Mr A. H. Peon

Mr and Mrs W.

Eustace

A. Phillipe |

Mr A Forbes

*Mr and Mrs (1. R.

Remington

Mise M. Farben Mr A., Ritchs Mr R. J. W. Foster Lt. Col. & Mrs G. Miss G. Fothergill - Sanders

Mr and Mrs F. P Mr & Mrs LG.Bcott

Franklin

Mr R. P. Abaw ***

Lt. E. C. Frederick M: R. H. Skolton Mr and Mrs W. D.Mr and Mrs T. F

Goodfellow

White Smith

Mr and Mrs Geo. W. Mira"& Miss G. E.

Groy

Stabbings

Mr And Mra B. A.Mr and Mrs E. F. L

Stardee Miss M. B. Fal1 Mr O. P. Sturdes Mr and Mrs J.Mrs. J. S. ThomaON Hancock ~~~~~~br&Mrs J.Thwaites Mr J. B. Fawkos MissThwaites

Mr and Mrs W. J.Me A. W. Takie

L-C51 and Mrs H

Trevelyan

Hawker

Mr G. M. Hem

worth

Lady E. Tarner

Lt. Comdr. G. F.Mr 6. M. Vise

Bole

Mr B. Howell

Capt. R. F. Walker Capt. A. E. Watte Mr F. L Jenkins Miss C. Willmott MT. L. Jenkins Mr and Mrs FV D. Miss O. 0. Jenkins Wood

Mr G.B. Hagh Jones Mr G. 0. Worall Mr W. A Fordan

PALACE HOTEL,

Mr Q.H. Bielawood Mr R. A. G. Barrott Mr J. Jack

dr. A. BennattMrs McCaw

(b. 174 Now-b 17.10

b. 70 Cente

*

- 100 b. 103 m. 101-1/#/2 18

*

101/2

...20-1/2

68, 20

$150 n

1. 160

b. 1.40

b. 8.50 x 2.80

$10 n.

Mr A. Arch

Tk 18.30 ..

12.40

JM

***

*.4.20 z T60 2/3. Now $82 m.

☐ 8.90

n. 60 New 32 'v.

Mr W. 8. Caff

Kisosilaneous,

$19-3/4 2. Now 10 b. Demente "Combined' $134 sa: China-Bornece

$131 b.

(5, 19-1/9 Kew b. 8,10 K(Comb, b1

2. 19 (New b. 13% Comb. b 27

and Egyptians are Id down to id Cotton MiAEM.

Ewo Cotton Mills, Ltd. Kang Yika Lood

Mows...

Shanghal Cotson...

China has been gulet.

The smaller markets of the Far

Shanghai-Nanking Loan, repay. East, Africa, the Levant, and ment of which is at Government Egypt continue to purchase on a option. The Four per Cent 1893 | small scale."

BIG SHIPPING DEAL.

is, of course, the best secured, being 2 first charge on the Customs. For immediate yield it offers no attraction, as a British |Government security would give a In its annual returns issue better return. But the finalFairplay states that negotiations redemption takes place in 1931, are practically completed for the and this gives it a good reversale of the fleet of 17 steamers sionary value.

managed by the Blue Star Line The 1896 Loan. Is due to be Ltd on behalf of the Union drawn finally about a year later Cold Storage Company, Ltd. The (February 1932.) This is a second carrying capacity of the vessels, all charge on the Customs. In the of which are fitted with refrigerat case of the 1898 Loan, naling machinery, is nearly 150,000 rédemption is due in 1943, and the tons dondwaight, and it, as is fully security is a third charge on the expected, the transaction is com Customs and port duties. All thepleted within a day or ao, the or others have charges...on-special penditure of some millions of Tevenues in varying degree, In pounds sterling will be involved addition

to the Government || The deal will thus constitute the guarantee, and give flat yields that largest of its kind is recent years. are vory substantial in a choice of British shipping interests already. something to sweeten the returns Vongaged in the South American on lower yielding securities they trade are believed to be the prospec deserve to receive consideration. tive purchasers,

Tangtazspoon..

Cementa

China Lighta (Old)

do (Now) $13.60 b. 18.70 sa. Comb. 97 b. China Providents S16a. Now 9.70 n...

་་

HE. Electrics Macao do

Canton Icos Hongkong and Conto Hongkong Bape... hopes Cominsd... Hongkong Tramway?.... Posk Tramways (Old),...

(NOW) Do. Steam Laundries A.K. Stool Foundry --- Watson's...

TH

#841 b. 55 $25.

(b. 18. Now a 9-1/3 na. 9,50%.)

Comb. a. 401

A. TA

Mr R. W. Campbell Mr McDonald..

Mr P. R. Chicbgar Mr B. J. de H

Mr J. B. Dox

Moore

Mr M. Simpson

Mr and Mrs N. 8.Mr H. Smith

DITOR

Capt. L W. Bralth

Mr A. R.-P. Davis Mrs O. Stringer and

Mr H. Davis

Mr 8. Forshmida

Mr and Mrs H.

Goldenberg

Mr A. Hall

Mr A. C. Hake

child

Mr A. P. Tannen

baum-

Mrs G. Taloch

Mr A.. Wadtnors

Mr W. Walter

140 # 50- 43-1/2/50 THE MERCANTILE BANK OF

INDIA, LTD.

READ OFFICE:

18, Gracechurch Street, London, H. (L. 3.

Providente Combined... $40

Dairy Farma... * 39

BO.

12 m.

-

10 n.. Now 10-1/1 n-

ti, 19 New 11

h. 38

la de su 54-1/2

10-1K

ȧ.9

Authorised Capital

Subscribed Capital ..

Paid-up Capital

Reserve Fund

81 n. Nev 14.30 ms.

$78.10 b.

(n. 33 Naw b⋅13-1/2 ss. 14|

b. 18-20

13-1/3 =

China Buses -

Bingapore Tra

Wm. Powella... *** Lane Crawlorila...

+

Canton Loes HL.K. Construction Nanyang Tobacco

M

Bincertal ****** Mackintosh

-H,K. Tazla...... ang na ana

Der A Wing fully paid: #:10 m.

part Do

Uned Abortos (Founders),

(Ordinary) 302-

. 20

£3,000,000

1,800,000 1,050,000

1,250,000

BANE FRA 1 The Bank of England & Midasd Bank, fhd.`·

“BRANCHES : Bangkok du Batavia MORELDRE

Rodia Laspur Kangoon" New York

Singap Bourabaya

Port Doula (axritida)

RANGEGNG BRANCH,

(Taiwan Ginko.)

Incorporated by Special Imperial Charter, 1889.

Capital Subscribed...Yen 60,000,000 Capital (Paid-up) Reserve Fund

Yen 52,500,000

.Yen 12,980,000.

HEAD OFFICE: TAIPEH, FORMOJA.

BRANCHES: JAPAN-Tokyo, Yokohama, Kobe,

Osaka, Moji

FORMOSA-Ghan, Kagi, «Karenko, Keelung, Makung, Nanto, Pinan, Shinchiku, Taichu, Tainan, Takow, Tamaui, Tobyen, Ako.

CHINA-Shanghai, Hankow, Kigkiang, Amoy, Foochow, Swatow, Canton, OTHERS. Bangkok, Hongkong, Sings- Saarabaya, Samarang, Batavia, Bombay, London, New York.

роге,

LONDON BANKERS: London County Westminster and Parr's Bank

The Bank has Correspondents to the Commernis Centres in the European Continent, Bassle, Maa thuria Tvingtao,,Japan, Indo-China, Man, India, Fujippine alanda, fata, kad nasoň Indies, Austi ralia, Amorine, kfilm, koj

Interent allowed on Coemat Account; and Pizd Depoelta ut ražas which will be quoted on appiloni ばな。

2. YAMAMOTO,'

Manager.

HONGKONG BRANCH,

3, Des Vosur Road Central.

Hongkong, 6th June, 1824

THE BANK OF «CHINA' 行銀國中

(Specially Authorised by Presidential Mandate of the Republic of China ba the 22nd of November, 1917),- Authorised Capital ..... $60,000,000.00 Paid-up Capital

Reserve Fund

$18,278,600.00

$9,029,425-84

HEAD OFFICE: -PEKING,"

HONGKONG BRANCH. QUEEN'S ROAD CENTRAL. Branches, and Sub-branches all ovar China and Correspondents in Europe, America, and other parts of the world., London Bankers:-The National Provin

cial and Union Bank of England, Ltd; The Guaranty Trust Company of New

York

Irving

New York

National Bank.

Bankers:— The The Equitable Trust Company of New

York.

Intereat allowed on Current Accounts

Emery Almenladen itinakinakischaagaadunand Eized Elaposita... Teruca DE APD) ISSU

so tramoted...

ENTER.EUX Allowed on Current Annodate nå 3 ya Souk por AMERI on Daily. Halunos, and on Fixed De posta se rates that may be ascertaland na aprication,

J. 3. 2018.

KORENING, January 22, 19857

Keting Manager

tion, that

Every description of Banking Business transacted.

Loans granted on speroved securities."" Special facilitze for Home Exchange,

SADYEE PEL,

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