Page
BANKING
& SHANGHAI CORFORATION..
Arad Office: HONGKONG, “AUTHORISED CAPİTAL.............. $50,000,000 | LOODED AND FULLY PAID UP $20,000,000 RESERVE FUNDSSON
STERLING..... & 4,500,000 SILVER...... $26,000,000 RESERVE LIABILITY OF
PROPRIETORS...}.
$20,000,000.
COURT OF DIRECTORS: Q.-M. Young; Kaq,---Chalensen,
-EL, P.-White, Eng-Dopatý. Chalissan
B. D. F. Beith, Esq.
WHL Bell, Esq.
AH. Compton, Ea
Hon. Mr. A. O, Lamig,
W. Pactanden, Ban.
5. A. Flammer, Bags
Hon Mr.P.E. Holyoak! 2. (.. Well, Esq.
•
CHIEF MANAGER:
A. H, BARLOW, Esq. Manager: Shanghai-G. A. STITY, Esq.
LONDON BANKERS. Westminster Bank, Ltd.. CURRENT ACCOUNTS opened in LOCAL CURRENCY and DEPOSITS received for one year of sharter periods in Local Currency nad Starling on terms which will be quoted on application..
COMMERCE AND FINANCE
SILK SHIPMENT.
Silk forwarded from here by Empress of Russia on February 6, arrived in New York (St. John's Park) on March 1 having been. 23 days in transit.
SOVEREIGNS FOR NOTES:7
negative.
GENERAL TRADE POSITION.
Sir Harry Goschen, the chair min of the National Provincial Bank, is very hopeful regarding trade prospects. He deplores con
THE CHINA MAIL.
EXCHA
The principal feature of th! balance sheets of the English Joint stock banks, all of wh have now been published, isi increase shown in loans advances to customers as com Magi
£691 millions a year ago.
De demand
1.3/30/18
30 day's sight
•months' sight: Crédita, & moertis), alght. Documentary, ◄ months sight 9/4–1 Da Parlam
On decand
Oredite, mouthy sight .......1160.
On demand
On demand... On New York—**
"Gredita, 60 daya' sighi.. On Bombay-
+
Of this increase of 658 millionsWire the Westminster accounts for
On demand..... £201 millions, Barclays for £8 On Jaloutta t millions, the National Provincial!
Wire
for £4 millions, the Midland for On demand
in
De Sagapore
On demand On Manila On Shangha
On demand...
On demand...
док
30 days sight (private papor
On Yokohama
[ditions in the coal industry, but
sces Improvement in many direcpared with this time last year. tions in the fron and steel trades. The total advances of the big He also looks for a further expanfive' are £749 millions as against sion in the-coiton-industry To the man in the street, com although apparently he was un- paratively untroubled by questions wire when speaking that cotton of high finance, the remarkable risemanufacturers were reverting to of the to-within reasonable dis short time. The trouble with tunce of par suggests one question: Sir Harry points out, and Shall we shortly be using over this is a well-known fact, is that eigns instead of notes?" In our costs of production are too
£2 millions, and Lloyds for $28 afraid that the swer to that ques-high. The remedy; of course,
millions.The increase tion__avill-probably be in the is an increase in output per man,
advances has been met by a re And that is rather a matter for theduction in bills discounted, which First of all, we must remember trade unions to decide. Plant we have not yet actually The chairman of the Bank of include Treasury Bills and which amount to £207 million for Tuched pair, and the last lup-in this | Liverpool and Martins dwelt on
the five banks, as against, 257 On demanda ang na 120-
cases by sales of investments gilver (per of 43% 3/16 Sovereigns (Bank's buying mate) 8.49. which are £37 millions lower in
EUBRIDIARY GOING. Cash' is slightly Hongkong 50 cents rob. par. the aggregate higher in most cases..
10 ..и On the liabilities side deposits anton
LB dis BROX dis. are £11 millions' lower, by there Bat Bilver in Boogkong 10% pm. has been an appreciable Chinese Copper Canla 10% pu in acceptances, which can be said Chinese Copper Cents6pm. to give some indication of the Rate of 2ildve Interest: 8K 77 oub state of foreign commercial busi- Chide Bab. Cola 9% dis. ness. The deposits of the Mid-Hongkong Suh Gol.18% dis land Bank amount to 357 millions as against £362 mons FOR CHILDREN'S BRUISES. de-a year ago, and are still the high-For "black and blus" bruises, sprains mest of any British joint stock of wrists and ankles, strains of cords and muscles, stubbed toes, cuts, burns to bank.
and other mishaps of childhood," "Cham- berisin's Pain Balm always gives relief. Doss just as much for older people too. Eases their rheumatic pains, backacher and neuralgia. Just rub it on the sore spots. Seld and recommended every- where.
FIXED exciting, ruce many, possibly, prove this aspect of trade recovery millions a year ago, and in some Gold Leaf, 100 fun (per tael) 47.50
the must difficult tap of all, And Hard work and economy and an then, even when we do reach endeavour on the part of both the purity, it max pop be altogether employer and employed to bring Hongkong, f ́st 1 «bruary, „318|?”
must to maintain our position.
down the cost price of the goods "Even" supposing the 2 were to they manufacture to a level which HONGKONG SAVINGS BANKch par tour, there should will enable them to compete in with similar indeed, there must be some iuter foreign countries. regum before we could retim, to these are the essential load a free gold market. I wa were these are the
to trade inediately to issue got, to allow expansion, it to move freely from Britain- to another, there would be a danger
sys
THE business of the above Bank da conducted by the HONGKONG AND SHANGHAI BANKING COR- PORATION. Rules may be obtained ou application.
INTEREST on deposits is esiculated on the lowest balance during pach com plorad Calendar Month at 34 per cent. par sanam. Should there be no balance on any day in a month no interess will
ba allowed for that month.
Home "paper) thai
we night experience too heugy drain upon nur gold supplies, and if we had then uguin to suspend the free gold market a general set-back
o cuifidence, would result
DEVELOPING
EMPIRE
MARKETS.
13y his offer of a million for velopment schemes to foster pire-trade, Mr. Baldwin claims have redeemed the prontiso made For the Man in the Street. to the Empire Confererice. In speaking of the sum to be devoted to the favorable financial outlook, be the full money equivalent of It is very desirable, in view of this work, the Premier said it would that the man in the street should | the advantage. that would have Ful the RONDON & Bunderstand why this rising at been conferred on Empire trade if the original proposal had been re-
Depositors may transfer at their option. Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES.
BANKING COBIUZATION,
H. BARLOW,
Chlef Manor
Hongkong, 7th Jusŭary, 1925. THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
INCORPORATED BY ROYAL CHARTER, 1853.
HEAD OFFICE: LONDON.
£3,000,000
Faid-up Capital Reserve Fund........£3,000,000 Reserve Liability of Pro-
prietors...
.£3,000,000
all
"All sorts of factdps which tight, Rained. The precise method by at first sight; be thought to be which this amount is to be ascer- Fierelevam. have helped to bring the tained has not yet been “decided
e about. The acceptance of the upon.
The plan of granting Duwon Reports his had a good deal bounties has been wisely rejected, to do with it. The successful issue but the method by which caletil- Britain of the Greek |tion for a bounty would have been Refugee Bouns which was eagerly nude may be employed for the Fover-subsribed, by British capital, apportionment. More important has also played its part, and so has still wifi be the means adopted to "the Revousivation Sebeme in apply the money for the purpose in Hungary, by which is is hoped that view, which will engage the atten at list This part of Central Europe tion of the Economic Committee fuas, passer over the shifting sandy Lover which it is expected Sir folvency on to solid financial Halford Mackinder will preside. ground.
The Committee is a creation of the The connection between a Greek | last Inperial Conference und wus loan and the rise in string may designed as a purely advisory body: Yet this will be the first occision on serm comparatively remote it has an influence.. For Europe, which it has been called upon to Mr. Baldwin specially men- fufter all, is a financial unit, and act. (everything thật tends to the henetit toned meat and fruit as articles of a part tenos also to the benefit that are outside the question of of the whol
taxation. The phrase is meant to Another factor that has played its be interpreted broadly, and should art in the mare
recent rice in be taken in conjunction with his sterling, is thus a large part of the declaration that he means to abide Subscribe Capital Fr. 23,000,000.00easonal, demand for dollars by his Gravesend speech. "Carda
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
noted on application.
A. H. FERGUSON, Manager. Hongkong, May 8, 1028.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Baumana, Paris.
Paid-up Capital ... Fr. 65,400,000
Beerro Fanda...
Fra 59,667,283.84
BRANCHES
Bangkok
Honghang
Extambang
Mongtse
Монта
Djshouti
Papeete
Hilphons
Peking
E akow Fanol
Parm Penh
Pondicherry BANKERS:
į
#ot
which I refer to the large demand | stands to jose most by the abandon- made every autumn for American | ment of the proposed preference on money with which to pay for our apples and conned sulmon, "but the Saigon Shanghai
supplies of cotton and the likes his new arrangement will bring com- Hissspore been satisfied. And it is significant penting advantages 16 Tien lain | that although the demands for Dominion. Tabrane
American currency have recently Yurasnfa
heen exceptionally heavy, supplies luve been quite equal to the derasión.
IN FRANCE Comptoir National d'Escorapi de Paris; Credit Lyonnais, Banque'de Paris et
des Pays-Bes; Credit Industrial Commercial
Boolete Generala."
IN LONDON: The Netlonai Provinciai & Jalos Bank of England, Ltd.; Comptoir National d'Elompie de Paris; Credit Lyannlse IN NEW YORK: J. B. Morgan & Co. French American Banking Corporation; Guaranty Trant Co. of New York.
Moreover, many of those who in the past year or so sold out British securities in order to purchase American bonde, under the mis. guided impression that the £ would re continue to wenken, are now. investing in aterling.
Nor must it be forgotten that Informt allowed on Current Assonzita and Fixed Deposits according to arrangement,
Britain's "action" in regularly meet Every description of Banking and Exshoping its debt payments to America,
Besinde transscted.
A. LECOT,
Manager
Hongkong, March 30, 1984,
THE YOKOHAMA SPECIE
BANK, LTD.
Established 1880..
Capital (fully paid-up) Yen 100,000,000 Beserve Fund....... Yen 77,500,000 Head Office:-YOKOHAMA.
Branches and Agencies at: Bataria..
Newchwang.. New York. Osaka. Peking.
Bombay,
Buenos Arres
Calcutta.
Changchun.
Dairen (Dalny).
Rangoon.
Rio de Janeiro.
Fangten (Makden). Saigon'
Hamburg.
Hankow.
Harbin
Honoluta.
Kal Tuen.
Kobe
London
Los Angeles.
Manila
Lyons.
Nagasaki.
|_ Nagoya,
San Francisco. Seattle.
Shanghai
Shimonouse.
Singapore..
Boerabaya. Sydney. Tiantain
Tokyo..
„Trinaniu.. Tsingtau Viad vostock.
Interest allowed on Currant Accounts, Deposits received for axed periods at rates' to be obtained on application.⠀
*C/ARIMA Manager.
Hongkong, 27th October, 1994
Everything New
Shop New Stoc
Paljukinds of Indian and Cilom BENE
though absorbing some of the dollars available, has nevertheless considerably added to confidence in British financial policy and to the prestige of London as the world's
inonetary contre.
Chlef Benefits. 'Further, the consistency with which Britain is reducing ita debt and concerting short term into longer dated debt has also helped improve the value of sterling.
But to these factors must be added another cause--the increase)
the amounts lent by America to Europe.
Formerly the United
TRADE IN TEXTILES.
At the annual general meeting of the National Provincial Bank, Ltd., on January 29, Sir Harry Goschen, K.B.E., presiding, said China has been passing through very disturbed times, and trade in textiles is at present very small. Here Japanese competi- tion is a disturbing factor. In India we have to face consider- | able competition from Japan, for whereas
the share which this country had of the imports to India in 1922-1923 was 81 per cent, and that of Japan was 7 per 1 cent., in 1925-1924 this country a share fell to 89 per cent., while the Japanese proportion rose to 8 per cent, of the total. The difficulty of meeting competition arises from our high costs of pro- duction, of which the increased expenses of transport, fuel, wages, and taxation form a large proportion.
The aggregate deposits of the "big five" are £1,580 mittens, as against £1,541 millions "a year
80 last... ago and £1,519 millions at June
LOCAL SHARE MARKET.
OFFICIAL QUOTATIO VS.
HI AL
MARCH 10. Nam
xok
Stock Exchange
9/2/2
H.A. 8.C. T..on selling case
London!****
MARCH 10. Sharabrokers' Association.
1/3 1,2 0731-
b. 1830
b. 821-
211
b. 97
and on Bɔanubaj !.... 973) Postkong Banks 1 30 a. 173740 i London-£140 v. Chartered Bank, an im 2115. b. P. & D. Rank
Fast Asia Bank *** Merantile Bank AB E-ULD.
jasarančes ripe Manton Lusneance...
North Olins Idaarises Dalia Imsarvode k „Insurance Fangbrzo
THE
Ohina Undien Pira tavaraasas Chins Fire Tyne Hongkar Fica
shipping
$42) h.
3.10
$195 5
-b. "0." -18)
Marohi
TUESD
Mr La Adler Mlas A-and-1. Mr. and Mrs P.-M. & Hamilton
Alten G. Harriman Mr RT" G. Altkon Mr W.: D. Hawor Mr W. 8. Allon. Mr and Mrs. Mr and Mr. A. W. Hersee
Van Andel Mr & Mrs A. 1 Me.G.
Apfelbaum, bir AB. Jahnston Mr 4 Anny
Mr & Mrs E Keller Mr and Mrs J, TMr Vrs. Kelling
Bagran
Mr F. O. Ranhan Mr O. P. Kembaw
MK Bardoralll Mrs W. B. Kimball Mias K. Barlow Mr and Mrs Jean Mr & Mrs M. Bral Knoth
..
Mr R., Felllion Mr and Mrs IR.. Mr V. Benjamin
Kratkman
Mr. Bennett Mr and Are 0.
Hr R. G. W. Be Lauri
prend
Mr H. Bickerton
Mr R. J. Birbook
Mr Blanketsvi :
Mr M. Blane
Mr G. Bowick
MrT. B. Brawa
:
Ma P. P. Lefevre'.
Mr E. Liddell
Miss H. Lille
Mr MP.D. Maryba!!
HF D. Macalla
Caps, &, W. McKin MA. W. G. MD. Moleod
Brownes H L Morklo Mr. F. Buchanan Burga Mr R. V. Baidin Mr JH. Mc- Hr G. W. Barns
Michael Mr E. Canton Mr.K. W. Miller. Mr B. Christopher-Capt and Mrs 1.
Mills Dr. Christopherson Mr. and Mrs T. B. Mre Christopherson Moore and childr Mi and Mrs W. A. Mr R. B. doorhood
Cornst
4. Mr A. 8. Murch Mr 3. E. Dangoar Mr W. Narwood Med Mrs B.. Doan. Ir B. H. O'Farrell Mr W. Bagen Capte de Men Foarse
* Pesto
"RRFULEN BAY MOTEL.
Bannerman gàn
Mr & Mrs O. H.Me and Mrs More
Mr & Mai£. Odell Mr & Mrs T. D. W. and childian
Bannister" Mr and Mrs J, N. Mr & Mrs J. Bahar Parker
And child Mr and Mer du 0.
Patos Mrs E. Barke
Mr and Mrs. A.E.A. Mr. and Mrs T
Carleton
Fehryver Mr and Mrs F. Mr CB. Shank
Daking Dara Mr & Mrs W. 0 MF Mrs 1.... Vien der Steen
and
daugh orLab-Col. & Mrs Ste- GP.M.phens
Hr
Bodgson
Me and My AP W. Mr and Mrs C.- E... Vans dal..
Kechler
Mr V Veraoa
Mr and Mrs A. C.Mr and den F. J
Languir
Wright
-Mr & Mrs E. Laud
PBAK HOTEL.
March 2
Dr.J. W. Anderson Mia O Kennedy Mr 8. A. Arthur Mr M. F. Koy MiG E R. Bally Mr and Mrs E, K Mr and Mrs Is. U, F. RIF
Bellamy
Mr&Mrs A. Lane Mr J. W. Bonuse Mr and Mrs B. H Mr and Mrs T. G. Langston
Beanett
Mr K. Larsen
E EAST ASIA
GBKAD OFFICE, HONGEDINGL
Authorisal:Capital, 2.
($10,000,000; ·
Palitap/Capital $5,000,000.
Haserre Fund - 11,000,000.
A DIRKOTORS
Hon. Mr. Chow Bhou Son-ChalBRE
Fung Ping Sha
Li Keon Gana.
F.K.Kwok
Ng Ching Lark
Mox Ching Kong
Vona Yuu Tong Hoyub Tal
Ken Ying Po
rong Wai Tùng Chân Chiến Bin Every description of Banking and Exchange. businem tranenated. Loans granted
pprored securities.
SAFE DETOSIT, BOXES sa let.
KAN TONG PO,
Chin Maunger.
Hongkong, 18th February, 1928,"
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
ČRTESKLANDE TRazors Bociter)
ERLANGORAND 1994; Horexons Buizen Entabluem: 1905, - Authorised Captai 33, 150,000,000 £12,500,00 | Pald-Up Capitai...G. 80,000,000 £7 6,686,67% Reserve Fand ......+€. £0,045,02% % 1,870,619 Special Reserve.... 21,600,000 £ 1,888,880
Mr W. H. Bourne Me and Mrs G. D.
Mr M. J. Bresn
Leys.
Col & Mrs C.Russell Miss Loys
Biowa
Kiss F. W. Brown
Maja A. 8. Little
M. 8. D. Carothers S
LM.8 Lloyd
Capt. & Mrs J. O.Mr J. D. L'ord. Carpenter Mr WB.Lock
Uisland.
and Mrs W.
58 b
£15-1/8b.
A+
743 b..
140 D.
0-755-
140
1813 84
D. 367.
̈ss-1.30,1.00)
Mr B.H
195.
Mir
Mia M.Cooper
70 n..
.715
-665
Mrs H. Cormack Mr D. O Mr and Hral W. A Mr and Mrs. T.
Cornell
Martin
Legi
*#981 6395,
34)
-14,741 a.
4.70
Danby
38 11,
E. 93
$130..
140
bio Mr. and
436 D $78.h
n
A3/
Duncan
80
$17-174 a.
n 19 10
$265 B.
1. 15
1821 - £4.
a 41
$7.8
123
TT.K. Steamboata ne
Hongkong Tugs end. Lighter. Indo-Ubinas (Prot.
(Dell) (ILE. Reg.)
Shell. Transporta Star Ferries... Water hoste
friental Nav. Do.
efineries
China Bogst Malabon dagar Winiar
看好
63+ b
0 mb. #111 b.
7 n.
Kalen Mining Adr lenzkate** Bhasaghai Loans S'hai Explorations... )'65:10 n. Bingle Langkats Run
Trogoh Mices
Ural CaUp Ben met Con
19.
# 330 a
68.
Sf. Er.
"P, 9.00 b 280:#
Donks, Wharves, Godawns, do,
B.K. Wherts
•
H. & W. Dock → *** Shal
Docks
Now Engluerings
A. B. Baginoerings, catal Bbaoghal Hongkawa
$4-59 61
Mr and Mrs J D.Mrs J. HeAinsh
Mr R McGrogor
Birs
Mra Sameer Bill.
MM. Eills
Mỹ and bis W.
Eastuos
Mr A Forbes Hiss M: Forbes :"
HEAD OFFI0% 2--Amsterdam, EASTERN HEAD OFFICE :--Patavia,
BRANCHES -Bandiseromain Bandowng Boat bay Oberibon ·Damber
Celentle Djokjakaria Kota-Radja Pad Part Bottarian Singapore
T
Tw Hague Kobere Makarongest Mmdan Palembang Peculongan: Pontianak Bangoon Sanarking Shinghal Soera baia Gourakarta (Bolo
LONDON HANKEES:- National Provincial Bank Ltd. - Correpondents all over the world
BANKING BUSINESS OF RYBET DESCRIPTION..
W. H GROSKAMP,
Agust
Hongkong, November 4, 1994.
司公理管業實法中
SOCIETE FRANCAISE DE-
MAN GERANCE
DE LA BANQUE INDUSTRIELLE DE CHINE
ETABLISSEMENT PRAKOO
CHINOIS.
(Incorporated in France).
6. Chater Road, Victoria, Hongkong,
HEAD-OFFICE: 74, Rue St. Lazare,, Paris.
Subeeribed Capital
paid-up Reserve Fund,
I fully
Frs. 10,000,000 Fra: 10,800,000
Working fund provided by
THE BANQUE INDUSTRIELLE.
DE CHINE
Fr. 50,000,000.
BANKERS:
Paris: Societe Generale, Banque
Nationale de Credit
Banque
Paris et des Pays-Ba London: Midland Bank, Ltd. New York: Irving Bank Colombia Trini
Co.
Every description of Banking and Exchange Businican transacted, Corres- Apondents throughout the world.
Mr E E. Mimmsg'
M. FITZ-HENRY,
Manager.
10th November, 1924.....
J.Mr and Mrs FW THE BANK OF TAIWAN, LTD.
Munton
Miss M. W. News
holme
A.M; A. E. Panu
Mr R. J. W. Foster
Mias G. Fothergill
Mr
Mr and Mrs H. R.
Remington
Mr. A. Ritche
Ltd. & Mrs O
Sanders
and Mrs. F., P.Mr & Mr.Scott Franklin, Mr. B. P..Shaw.
La E. C. Frederick Mr B. H.Skelton
He and Mrs W. D.Mr. and Mr T 1.
하
Mr and low
White
Smith
191-
b 130 130
b, 111
$7,10 b. 9.40] **.
b.: 99
...: 1199 b.
anda, Hotels & Buildtags...
F., &8bai Hotels € 17; a "New 17 H.K. Developments
0 of 80. Hongkong Lande
93521721.
Humphreya
Kowloon Lands Land Benlamations Prinoes Building
(Taiwan - Ginko.)
Incorporated by Special Imperial
Charter, 1889.
Capital Subscribed
Capital (Paid-up)
Reserve Fund
Yen 60,000,000
Yen 52,500,000:
Yen 12,980,000
HEAD OFFICE: TAIPEH, FORMOSA,
BRANCHES:
Mrs Geo. W. Mrs. His O. E JAPAN-Tokyo, Yokohama, Kobe,
Stubaluga
Osaka, Moji
Mr and Mrs B. A.Mr and Mrs H. F. L ↑ FORMOS-Gian, Kagi, Karenko,
HAI
-Miss M. B. Hall. Mr. and Mrs ..Hancock
Mr J. B. Fawker
Mr and Mrs W.
Hokor
Stardes
Mr. U.P. Sturdes J.Mr.J. 8. Thomson Mrabe 0.Thwaites Mias Thwaites add J.MA, W. Tickle. and Mrs H £0 Tamer Vise
Mr G. M. Hems
Lady
worth
(b 16.80 s.17/17) Now sa 171.8 Lt Comdr. G. F.Mr.
D. TO Conte
b. 19t
Ewo Cotton Mill, LAA.
B.K. Beatty, men spe HLK. Territorials, appen Rural Land, Cetton Mills,
$150 n $80 b
$10
the 150
$18 30.
Kung Yksin ya Leon Kang Mows
Orientale...
d
Shanghai Cotton.
Coments
States investor was but little did countries one of the most hamper. posed to place his money in foreigning influences upon trading opera securities, and he nich preferred tions will thereby be removed, and a domestic investment: but to-day stability in sterling is an important he takes a wider.outlook, and large link in the chain. It must be re amounts of American capital have numbered that unstable exchanges been sunk in mid-Europe,
What are the chief benefits that versa, and there is nothing more
react on the price levels and vice/Chias Lithia (Old) we stay expect on the return, of the deterrent to business than under
to parity ?
tainly as to what the course of the
One is the reduction in the instal-exchanges and prices is likely to be. menia on Britain's American debt. When the debt {tlement was announced the
set. Things Still to be Done.
Dem "Combined 1, #223 h28. China-Borwood 357 ****
chins Providenta $16)
dos
Providents, Comdondan
Dairy Fazzile de
H.R.ctrics
Maso do Hongkong and Canton Loen
1395
Now 132 b..
a. 50 Now 82 a.
10.106.
o
58): 2, 57 an
Peak Tramways (O)=
8.
a. Kow:15 2.
stood at 4.844 doolars. If and on the flourishing condition of the
We may, congratulate ourselves - Hidagkong Bayala ope 18 1 when it reaches, parity and stands £ but we must not thereby allow nt 4,864 that will mean a saving of ourselves, as an industrial nation," £1,660,000 a year on the debt to rest on our oara. We must ro- 3team Laund instalments, or 4 par cent member that we have many tasks Shoe
Then, again, it is obvious that the sterling price of Britain's im- ports of foodstuffs and raw materials
Further, when real exchange stability has been established în all
FOR COUGHS
ahead of net
British prices are still higher than those ruling in America, and this
fore confidence in a par rate cha
blished. We have still to:
(b. 19 Naw b. 8: (Domt, b. 1
Bole
Capt. B. F. Walker, Mr H. Howell. Capt. & E. WAU Hi F. L. Jonzing Capt. A.J L. Whyte Mr T. L. Jenkins - Miss O. Willmott:**** Hivi O. O Jenkins. Me and Mrs. B. D. Mr G 8 Xugh Jones Wood Mr W. A. Fordian. Mr G. C. Worall
* PALACH HOTEL.
MrA Aroli
Mr G. Hasiewood Mr H. A. G.-Barrett Me J. Jack Mr W. A Bennett Mr Malaw Mr RW. CampbellEJ McDonald Mt.P. B. Chichgar My B. Ja de E Mr L. B. Cox
Ke W. 8. Ond Me 2 Simpson Es and En. N. B.Mr. H. Smith
Darsena Bora Uspt; L_W. Smith |
· My A. EL. P. Davies Mis O. Stringer sad (Baw n.11 Cons 37) m.17,50 Me H. Davis
-Ke-8. Forshamida 2 Me All P. Tannen (b. 16 Now: 9
Comb. b. 288 sa 20
|_ Mr and Mrs Hibaum
·Goldenberg Mr G. Takoch
Ms. A J. Wadmors Mr W. Waltar
Kr.A. HAI MAU. Hake
T
Keelung, Makung, Nants, Plean, Shinchiku, Talchu, Tainan, Takow, Tamaui, Tehyan, Ako: CHINA-Shanghai, Hankow, Kiukiang, an Amoy, Foochow, Swatow, Canton. OTHERS--Bangkok, Hongkong, Singe- pore, Sourabaya, Samarang. Batavia, Bombay, Landon, New York.
LONDON BANKERS: London County Westminster, indi"
The Basha Gemsepsodent in the Commerc Centrar in Ele: Burópanal Centiberty Tranny STAR - shurin paisytao, Japan, Indo-Chinny Siam, Indiag Philippias danda Java, and Dacula Jadise, Ast
alia, America: Alidon; 4to.", da
Intepan allowed on Calimat Acoónat, and Tizad Depodia stratos which will be quoted on applies
TAMAMOTO, 44530 Mannger.. HONGKONG BRANCH, 20 *1/28. Dea Voux Cond Genteuli
Hengkong, blá Jung, 102de
THE BANK OF CHINA
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The champion of England, for that is what Frank Goddard still 1" technically, wat beaten in hollow fashion by a comparatively, un knorra Frenchman recently. This, together with the inglorious
much superior, „dard, should make us.
revive our ancient bởi bà The Borlar |should:4ike charte
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Branches and Sub-branches all over China and Gorroer lanta's in! Europe, America and other parts of Lasdon Banlon T
caland Union Bank of "The Guaranty derarti Cant
New York
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