Page
2
SHANGHAI
HONGKONG CORPORATION
ARAD OFFICE: HONGKONG.
AUTHORISED CAPITAL................. $50,000,000 (HHTED AND FULLY PAID UP $20,000,000 REJERVE FUNDA *----
STERLING... £4,500,000 SILVER...... $26,500,000
RESERVE LIABILITY OR '
PROPRIETOR
$20,000,000
COURT OF DIRECTORS:
(. M. Young, Moje-Chairmanı,
H. E. Will, Emp¬-Depoty Chairman.
B. f. H. Reith, Vej.. | Han.Mr. A.D). Leng,
...Boil, Esq. W. Pattomien A. 1. Compton, B. A. Plummer. Eq. Hon. Mr. P., Helyink. T. G. Weall, King,
CHIEF MANAGER : A. H. BARLOW, Esq. Hanager: Shanghai- . STITT; E.
LONDON BANKÉRS.. Westminster Bank, Ltd.
COMMERCE AND FINANCE:
RUBBER
The rubber position is becom Ing more interesting, for last | week's return (March 21) shows a further reduction in London
stocks which now stand at the exceptionally low figure of 20.534 tons, which is less than one-third what they were a year ago. It is estimated that one-half of these stocks are already purchased by
or
JAPANESE DEMAND
TARIFF IN INDO-CHINA,
THE CHINA MAIL.
Pourparlers between Japan and France for a commercial treaty ars reaching a crisis. In the course of the conversations Japan demanded that the minimum tariff which it enjoys in France be extended to Its Importations. Into Indo-China. Franch, exporters were disturbed. From France, glass, products China' and however, the price of rubber is creeping up steadily, and is approaching is, 8d: per lh, An average price of Is. 6g, per pound from now until April 30
manufacturers are held by dealers against forward, contracts, and if there is, not a shortage 'during the next few months, sia- istics are of little value. Mean- while,
cotton
are
hava interviewed the ministers concerned.
Herriot, the Prime
various
BIG WHISKY MERGER,
ITS EFFECT ON THE TRADE.
EXCHANGE."
Hongkong 5th May 1995.
On London-
Bank, Wire-
10
On demand 31/10 30 day'a sight... 4 months' sight Credits, 4 months sight.../3- On Paris-
Documentary, 4 months sight 3/4
On demand.
47045
Oradits, 4 monthy sight.145 On demand... On New York
On demand
Credita, 80 daya' sigbi On Bombay
Wire
On demand... On Jaluth.
WiTO
On demand.
On Singapore-
On domsud... On Manila-
On domand..
On Shanghai.--
12
TUESDAY, MAY 5, 1925,
VIBITORS AT 'HOTELĄ;"
HONGKONG HOTEL,
My
Mr FL Airlrood Mr and Mrs: -J, Mr. V. Benjamini Kragh Vee Mr. E. R. Belillos Mr. CEL. Montague Mr. R. J. Bizbeck Mr. E HL, O'Farrel Mr J. K.
Mr. D. Cappl Oliver
Mr & Mr. ParBo
Mr C. M. Cottrell "Hr. E. Pearman Mr.Chan. Carter Mr G. F. Planetici
Mr. C. W. O. Van Mr Pomeroy
DOTELY
Mr R.
H. Pope
Panger
Mr and Mrs DrylorMr B. A.
and child
Mr O. Dapro
Mlay O. Eolas...
... 151
Th
ww
... 161
134
961
109
On demand. ***
ま
30 days' atght (private paper)
On Yokohams---
On demand...
IN
1293.
Gold Leaf, 100 Bos (per lacl) 47.5
Bovareigns (Bank's buying rats) 8.64
120 The 88.5/18 SUBSIDILAY ORIES. Hongkong 60 centa sub......
A meeting of the Distillers. Company Ltd was held in Edinburgh to consider a special resolution for the purpose of facilitating the proposed arrange. ment between the Distillers Com pany and the Buchanan, Dewar and Walker concerns. Mr. W. D. Graham Menzies, chairman, moved metallurgical, the adoption of the resolution. and paper Mr. W. H. Ross, managing acnt to Indo director, seconding the resolution, a large number of chambers of commerce protested said that whatever benefit the against the breaking down of the shareholders might receive from customs barrier. Parliamentariahs the scheme under contemplation,
Edouard he was convinced that the pro Minister, posals to be brought before then will be sufficient to release an CURRENT ACCOUNTS opened in other 10 per cent. of the exporting that French interests will good for the whole trade, in which has now replied indicat later on; would hold nothing but BOCAL CURRENCY. and FIXED able amount of rubber under the DEPOSITS reseived for one year or restriction scheme, which would not be sacrificed The acgotivi shorter periods in Loca). Currency and
a pre, they should have to play a cen-Silver (per oL.) terling on terms which will be quotedbring the percentage 10 65 pertions ares, regarded as
[Iminary study, - laj cent. Then, if the price of the
case spicuous part. The three com any in application,
commodity is maintained at an Jipin has bee laformed not to
panies proposed to be merged average of is. 63. per lb., the ex-in regard to Indo-China. Although tion with each other. As stocks of were all more or less in compoti- creased to 75 per cent., as from the Government has been obliged
matured whisky increased in August 1, and 85 per cent. as from to take this altitude, it should be volume the tendency for each November 1. The position in trade noted that it is desirous of reduc-
company to strive for a larger 11H huainoss, of the above Bank it which are contingent upon the closer friendship with Japan, the with the result that prices. would
circles is that even these increases in the tariffs to the lowest pos
proportion of the trade was bound sible point, and to cultivate TH
to lead to increased competition, conducted by the HONGKONG maintenance of the average price. AND SHANDHAR BANKING COR 16. 6d, or over-will not be suffi-castern neighbour of French Indo- begin to drop until some of the FORATION. Rules may be obtained cient to meet the probable demand for which French maufacturers withstand the strain. If competi Chine. It is only specific articles smaller firms might find it hard to oo application.
The higher percentage of cutput is insist on protection and on which tion among the larger companies. INTEREST on deposits is calmulato
more important to the com- on the lowest balance during auch com-
concessions are refused Tipan.
could be minimised, the effect ploter Calendar Mouth at. 34 percent.panies than an increase of
that the altitude of both sides is to be beneficial without it being conciliatory.
necessary to close the door to that healthy competition which the public had the right to expect. As to the terms of the proposed offer he could say nothing at present; they had still to be placed before the shareholders of the other companies. The resolution was adapted.
Hongkong, flat shrnary, 1228,
T
HONGKONG SAVINGS BANK.
portable allowance will be in-
2
expect a general minimum tariff
YI
ta
1
Cantan ole Bar Bliver in Hongkong Chinees Copper Cash Rate of Native Interest Chinese Copper Couta... Chinese Sub. Cela Hongkong Suh. Coln....
die.
I 3% dis 3182dls. 10% pra 10% pm.
17% out. 6% pm.
31% dis
%l.
Minson Foster Mr. & Mrs.
AHA Fong Miss A. L. Griffin Mr. & Mrs. J. Gould Dr. D. R. Gawler Mr. A. F. Henry
dr F. E leb Capt. 7. P. Exil Mr. & Mrs. W.
Hannibal
and Mrs 0.
ܙ 1gmt]
Muses
Hamilton
Me H, A, Ramɔvivich
·Mr A. Rin leð Mr Alex Room
Mr. A. H. Rows Mr J. A. Saboak. Mr J. Pohmitz
Mr & Mr Schofield Me W. Mchurohner
Mr. & Mrs. A. D.
Silas & infant Dr F. Milvestri Capt. 1. Siquliand
A. Dr. H. F. Sommere
MIA H. Spirke
D. Mr Saarmonda
Me and Mrs R. W. F. Tonny
Mr and Mrs L A.
Mr. G. A. Harriman Th 189 Madamo F. Hon Mr Todd
driky
Mr and Mrs F. W.
Wagner, Jr.
Mr. C. E. Holmés Me 5. B. Jone
Mr J. E Joseph
Mr. & Mrs.
Lauritsen
Miss H. Lille
Bir
H. Watkin Mr Gongo Wover,
O; Wr R. Whoen
·Mr O. M. Wilson
Mr H W Wilson.
Capt. & Mrs. A. W. Mr ad Me G McKinley & child Worsoner, child Miss Dorothy Mei-
CALL
REPULSE BAY HOTEL.
May ?.
por antim. Should there be no balanco Penny or two in the price of the For the rest, it is acknowledged upon the smaller firms was bound indien long of being larger than Mr ¢*M«‹ A. W.Van M¢× d Ms B. J.
on any day in mouth nu interest will be allowed for that month,
Doponitors may Lansfer at their uption Balveo of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIX 40 DEPOSET at CURRENT RATES,
For the HONAKOND & SHANGRA
• BARKING FOXFURATION,
H. BARLOW.
Chief Manger
Hongkong, 7th January, 1925.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
INCORPORATED BY ROYAL CHARTER, 1853.
HEAD OFFICE: LONDON."
Paid-up Capital
.£3,000,000 Reserve Fund.......................... £4,000,000 Reserve Liability of Pro-
priclors
£3,000,000
FOREIGN EXCHANGE and General Banking business transacted.
CURRENT ACCOUNTS opcord and FIXED DEPOSITS received for 1 year or shorter period at rates which will be, quoted on application.
A. H. FERGUSON,
Manager. Hongkong, April 16, 1926.
BANQUE DE L'INDO-CHINE.
HRAD OFFICE!
96, Boulevard Haummann, Parn herriband! Capital ... Frs. 72,600,000,00 Paid-p splint
...Fr. 68,400,000.00
Fewer Fanda ... Fr. 69,667,283.54.
BRANCHES
Bankkok
Hongkong
Balimbing
Mangixe
Can
Nome
Djibouti
Hipon
I'sponte Pukleg
HZDR Hapo
Belgon Shanghai Hingapore Ti Tourno Yunnanfu
Prom-Park
Pondicherry BANKERAN
IN FRANCE Campinir Nationald' Escompli de Paris; Crails Lyannait, Banque de Paris et de Pays-Bas; Credit Industriel et Commercial
Jacinte Cenerale.
commodity, and with rubber at f 6d. per lb., and 75 to 85 per cent. restriction, the rubber-producing companies would at last reach the period of prosperity that some of us have been prophesying these klast few years. The United States. falone took 80 per cent. of the old production last month, and European demand shows welcome signs of growing.
the
FINANCIAL SAYINGS.
The business of stuesmen is to provide a solid economic basis for nur country; the whole question resolves itself into this: How are we going to reduce costs.—Mr. Wheatley, M.P.
The leaders of all three political parties have strapped on their blinkers and have decided to see nothing ahead except the gold convertibility our ultimate objective.-Mr: 1. M. Keynes.
AS
. SALT UNION. The report of the Salt Union, Ltd. for 1924 shows an improvement, the net profit being £296.509 as against £280.187, and the dividend on the ordinary shares has been increased from 10 to 124 per cent.
Too much is taken out of British The report states that the improve trade and commerce by people. ment resulted largely from ship.who gut absolutely no service into ments to overseas markets. which, them.-Mr. J. R. Clynes, M.P." however, were subjected to keen compethin, with the result, that prices have been low..especially in India. Although we impurted 15,334 tons less of German Salt last year, our total imports of foreign salt showed an increase amounting to 67,658 Loas against 52.721 in 1923 The report goes
on to say:
It is well within the knowledge of everybody acquainted with business that in a great many cases a balance-sheet, though no doubt properly certified by most eminent chartered accountants, shows very Indeed. - Sir ttle information John Simon, M.P.
;
It is a poor country that has not got one El Dorado.-Mr. Maxton, M.P.
The Salt Manufacturers' As-
The prevailing ignorance of the sociation has continued its good work. Prices have been lowered rudiments of economics is the in certain cases to meet com- for Socialism.-Mr. John Murray,
most powerful influence working petition which has become more
Capital has not been destroyed aggressive, both on the part of new manufacturers, who have by Labour; it has become in its developed works in Cheshire, most gilt-edged forin to an amazing and by shippers of Foreign Salt,extent the property of Labour as notably in respect to Solar Salt Walter Runciman, M.P.
as, the bourgeoisie,—Mr. from Spanish and other source of supply.
A. EMIL DAVIES.
LATEST COMPANY NEWS.
G
well
LUZON RUBBER.
$
Adv Z child...
Lac in
-SWISS INDUSTRIES FAIR.
Fair, which will be held at Basel. Thea National Swiss Industries
Switzerland, April 19 to 28, gives ever before. All the space in the DeW
iconbury earl Wes Ling new exhibition halls is leased, and Mr & Mr Banbury no more exhibitors are being in MIT ALLS, MC & Gand tion halls which were erected i accepted. The new exhibi-
Me oly
We'd Mrs W. W.
Чок after the fire of 1923. Are Ara&Miss Somero Mr and Mrs. J. N. modern in every respect and will Fills
Parker accommodate a much greater Mr and Mr. Fred. Mr & Mrs Sobryvor
Ellis: number of exhibitors than ever Mr. Mra & Mias A.D
Mr & Mrs W. C
Vander Steon before.
Galloway
LOCAL SHARE MARKET.
OFFICIAL
QUOTATIONS.
MAY 5 Names
10:30 AX.
Atock Excbargo
MAY 5. Sharobrokers negociation.
**ak
1/3 73-9 16.
b 1925
b. £21-1/1
H.S.B.O. T.T. on solling rata'
London
9/3 and on Shanghai
72-18 Hongkong: Bakı 19156 London—8(3) n Ohartered Bank. £lt b. Mercantile Bank A B E-1 b.
do. 0 £13.178 Bank... Erst Asia Bank ........ Marine Insuranosi Canton Insurance... Chins Cadira
P. & D..
North China Inaarsuca Union Insurance ... Yoogteza Insurance Fire Insurances
Doaglands,
H.K. Steamboats
4
b. "0 £3
2. 100
b. £UL
Mr and Ms Hicky
Lt-Jol. & Mrs G. M.
Stepheng
Mr & Mis Townssad
PRAK HOTEL.
MAY 2. "
Dr. J. W. Anderson Mr T, L. Jenkins: Mr. S.. A. arthur-Mi, O. 0. Jenkin
་
Mr & Mrs F. Austin MGS Hugh Jones Mias E..R. Baily Mr and Mrs A, 0. Dr H Boa
Kennedy
Misa G. Kennedy
Mr J. A. Barton Mr and Mrs T. G. Mr M. F. Key
Bennett
Mr and Mrs E R. Me J. W... Bonner Kili
Mr and Mrs P. W.
Blackwoll
Mr and Mrs 8. H.
Langston
Mr W. H. Bourne
Mr E.
arson
Mr M. J. Beson
Mr and Mrs G. D.
Col. &
Brown
Miss Loya
johna
1. & Mrs C.Russell Leys
Miss P. W. Brown Major A: 8. Little
Mr and Mra R. L
Bridger
MrMS Lloyd
Mr S. D. Caro1bora Mr. D. L'ord Capt. & Meg J. O Me W. K. Lösk
Carpenter
Mra #
MR. Mallar
Its I I. Cormack Mr H. A. Mil
Mr and Mrs W. A ME E. Mimosek
Cornell
Mrt O. 1. Morne
Mr and Mrs J. D..Mr and Mrs WN.
H. Murdock
Danby
Le-Col. R. A. Dob- Miss M. W. Now
2 13 a 03.
775 h. 3.15 b. 3.10.
a. 775
t des 3.20
Tio n.
1661
271 pi
120.
45 b.
45
Mr and
MrR; H. O'ark
Logniz
Chias.Fire Insurance ... Hongkong Pira Tasaraaca. Shipping
210 b.
200
Mr R, H. Cleland
Mrs J. McAlask
650 .
650
I AM.Cooper
M
હ્રદય
a: 52
30) b 391 m
b 99
Hongkong Tags and Lighter Indo-Obinna (Peat.)
4 n.
b. 4.85
33.
D.
JA
40,
(Det.)
120 %
do.
(B.E. Rog.)....
120
D. 120
Shell Transporta
Atar Ferrios
A/- b. 565
89/-
an. 964
Water-bosts...
14
17-1/4 n
3. 17
Oriental Nav. Col
IM
£50 +
n 183
C
China Sugar Malabon Sugar Mining
69
☐ 68.
b3 D
+
Gerald
2 b
Mr & Morbon
...
67-6
D17
Langkats
Camh. T'Bin
Mia M. Fordi
1. 201
Shanghal Loans
T70.
1.7
n.6.
Raube Biogle Langkata
Tlila.
2. 11-1/2
3.30
n. a
看
8/
EXPERT'S OPINION FAVOURABLE Refineries
Rubber said to have been found growing wild over large areas in Francisco and classed as a good Luzon, has been analyzed in San
IN LONDON: The National Provincizia dend, as already announced, is 5 second grade product.
Daian Bank of England, Lid. Compioir National & Example de Paris; Credit Lyonniat IN NEW YORK: J. P. Morgan & Obs. och American Banking Corporation Garanty Trust Co. of New York..
Interest allowed on Current Accounts and Fixed Deposits socording to arrangement.
Krery description of Banking and Exchang Baina noted
A. LECOT,
Manager Hongkong, Much 20, 1984,
THE YOKOHAMA SPECIE
BANK, LTD.
Established 1890,
■:
Bapital (fully paid-up) Ten 100,000,000 Heserve Fund ...... Yen 80,500,000
Head Office: YOKOBAMA..
Branches and Agencies at:
Newchwang. New York
Batavi
Manos Ayres.
Bombay.
Calcutta.
Changchun
Baizen (Dalny).
Oanka,
Peking. Rangoon. Rio de Janeiro.
Powell Duffryn Steam Coal Company-Net proft £156,826, against £523.702. The final divi per cent, making 10 per cent., free of tax, for the year, as against 122 per cent, free of tax. The output of coal, totalling 4.949.425 tons, was the highest yet obtained, and would have been considerably more but for the depressed condition of the coal trade.
received by a local Manila business Following is the analysis man who is credited with dis covery of the extensive areas:
Water Extract..... Protein.
"ALMOST NOTHING”
THE GERMAN method,
Bengueta
Kailan Mining Adm.
S'hat Explorations. T
A
T
Tronoh Mines Ural Chap. Docks. Whaeres, Godowns, do.
.K. Wharfe
90b 201-2 (4- 120 b
F. & V. Dock
Shanghai Flongkewa Now Engineerings.- S'hai Docks Comenta
H. Kazlocerlags
Lands Kotsis & Buildlugs. R.K.& S'hat Hoteles 164 & New Hongkong Landı..
200 h. a 233 sa 202-3
$120
b 197
hịn
brinse
Mra N. C. Donald Mr W. Ogden
Mr and Mrs H. R. &. B. Pano
Edwards
-M: A. Prismail..
THE BANK OF EAST ASIA, LIMITED.
HEAD OFFICE. HONGKONG... - Authorinal Capitalcommaigl
Paklop Capital
19-820,000,000,
#5,000,000
Basers Find.... 1,000,000.
DIRECTORS:
Fang Ping Sham
Mok Ching Kong
Hon. Mr. Chor
Bhog Son-Chairma
Li Koon (has
P. K. Kyok
Ng Ching-Lak
Pang, Wil Ting
Wong Yan Ton
Harah Tal
Kan Ying Po
Chan Chlüg Shek
Every description of Ranking and Exchange basine traansted. Lows granted, "on", (approved" kovuritius.
"SAFE DEPOSIT BOXES to lol.
KAN TONG PO
Chint Manager.
Hongkong, 18th February, 1925.
NEDERLANDSCHE HANDEL --
MAATSCHAPPIJ.
3:
(Kondolandi Tmazing Voorner) ·
BARLIKH 1894 Humakers Braxon Esrantama 1908,
Authorised Qaalta: 17. 150,000,000 (£12,500,80 Pald-Up Capitat.... 80,000,000 £3,666,878 Reserve Fund G. 20,045,089 2.1,870,418 Special Reserves.... 23,880,000 £ 1,888,
HEAD OFFICE:-Amsterdam, EASTERN HEAD OFFICE-Batavia,
BRANCHES
|Bandjermazio Bandovnx
Calcutts
Djokjakarta
Ka Raja
Padang
∙Penang
Rotterdam
Singapore
Tegui
Bombay Cheribon Deraber The Hague Kobe
MAKA
Mudan
Palembang Pocalongan Pontianak - Rangoon Samarang
Boerabaja
Shanghai:
Soerakaria (Bele Tiljap Weltevreden LONDON BANKERS –
· National Provincial Bank Ltd. Correpondents all over the world,
BANKING BUSINESS OF KYERY
DESCRIPTION.
W, FL. GROSKAMP,
Agent
Hongkong, November 4, 1994,
司公理管業實法中"
SOCIETE FRANCAISE DE GERANCE
·DE LA BANQUE INDUSTRIELLE. DE UHINE.
..
PTABLISSEMENT FRANCO
OHINOIS.
(Incorporated in France),
F, Chater Road, Victoria, Hongko HEAD OFFICE: 74, Rue St, Landlik-
Parla
Subscribed Capital fully
pald-up Réserve Fund
Frs. 10,000. Fra. 10,80*****
Working fund provided by THE BANQUE INDUSTRIELIE DE CHINE.
Fra. 50,000,000.
BANKERS:
Generale, Nationale de Credit. Banque Paris et des Pays-Bas
Paris: Societa
London: Midland Bank, Ltd. New York: Irving Bank Columbla Sagl
Co.
Evary, description of Banking 10 Exchange Business transacted. Uorni pondents throughout the world.
M. FITZ-HENET
Manager.
10th November, 1924.
THE BANK OF TAIWAN, UT. (Taiwan Ginko.)
Incorporated by Special Imperial -
Charter, 1899,
Mr and Mrs W. A.Mr and Mrs . . Capital Subscribed
Bastnos
Remington
Mr Farrell Mr. Ritako
·
Lt. Col FG Fix Mr & Mrcl»G Ranti
Mr. Skalija
Mr D. FitzGerald Mey & His GUE
Stubings
Maand in EE. L. Mr R. J. W. Foster Bradoo
Mian G. Fothergill Me O. P Stardoo and Mrs F. P. Mr J. A. Tarrent Franklin
Mr J. S. Thomson Lt. E. C. Froderlok Mrales 0. Thwaites Me and Mrs W. D. Miss Thwaites
Mr. A. W. Tickle
Goodfellow
Mr and Mrs Deo. W. Lt. Col. and Mrs B,
Gray
Trevelyan alkoc
Me and Mrs B. A Capt sad Mes £
Halo
Mias M. B. Hall
MJ. 8. fawker
My W. J. Hawker
Capt. R. V. Walker Mr. H. Weller Lt a J 1. Whyts
Mr G. M Hum-Miss U. Willmott
Me end Mr I. J.
Woud
worth
LL Comdr...P
Hola
T200 a.
Tsi n
T128 b
6. & a 15:40.
-93-713-8
51 An
Me H. Howell
4.81 b.
b. 4.85
b. 10-1;
L
160 m. 31..
a. 150
B. S
10
F. Resity Famohreya Estato Kowloon Lands Princas Ballding... H.K. Territoriais... Rural Lands... Optton Mills.
4
Eva Catton Mills, Ltd... T 11,40 b. Kang Yike
Yangiszepood. TH
8.3%
32 Kang Mow!
99
Orinatal.
7.1% 1.4%
Shanghai Cotton ...
T. 3,80 b T 57 No TJ n.
MiscsilausoUN,
Csmoats 26 Coments "Combined
***
***
11 a. New In.
29-1j2 b
-it n
China Lights (Old)
do (New) 13 n. Comb 27 n
ample shows it to be high in resin. A chemical analysis of this and water soluble material. It can be classed as a good second grade Employers' Liability Assurance rubber and would be interesting at Company-Total premiums for a price of a second grade rubber, 1924 £5,027,570, an increase of It is similar in quality to Congo £5.467. After providing for all (Red Upper) which is obtained krown losses and reserving 40 per from Landolphia vines and which cent of the premium for unexpired is a valuable rubber for use in risks, there is a profit on the general frictions or in compounds where a account of £74,230, against a loss in soft rubber is desired. Very little : the previous year of £227,082. Red Congo is imported when the That loss was due to the in-price of rubber is low, which in adequacy of rates for workmen's (dicates that it cannot be collected compensation business in the economically. United States," The revision of rates and the prospect of further Moisture.... revision make the profits for 1925 Acetone Extract even more favourable than 1924. Ash.... The dividend la again 80 per cent National Bank of Egypt.-Final dividend II per cent, making 15 per cent. for the year; the same.
Nedeem Tea Company. Second interim dividend of 10 per cent, against 7 per cent, last year.
American Investmeat and Germany's recent import and General Trust.-Half-year's divi-export lista rayoal the fact that dend on the Deferred stock at the since the conclusion of the trads rate of 18 per cent., making.12 per agreement between Germany and cent. for the year.
Great Britain, the quantity of Tantia, Hagmall
Davis and Timmins, Ltd.-Divi- finished goods exported by Eng Мирота
dend 8 per cent and bonus of 17 land to Germany has dwindled Internet allowed on Current Accounts, per cent, free of tax; the same.
away to almost nothing. 20/Deposits received for fixed periods at
It appears that trade in British Coliseum Group of Theatres. manufactured goods is now being Bien to be obtained on application.
Final dividends for this group are systematically strangled under the G. ARIMA,
announced, maintaining last year's German licensing system. Thus, Manager. Hongkong, 11th March, 1926.
totals in all cases, An interim of the German merchant, anxious to last time, is announced by the Man-obliged, before placing the orderintosh 334 per cent, against 2 per cent. Import English flafshed goods is chester Hippodrome and Ardwick to obtain permission from the Empire, Ltd.
German Central Trade Permit John Barker and Co-Record net Office.JANAN profit, £444,635, which compares Since the conclusion of the with £402,428 in previous year.Treaty, it has becoma Increasingly Dividend is again 20 per cent, and difficult to get such permits, after various allocations the carry though there is an ozger domande forward is £165,746, against a nong the public for British mano- £211,780
factures, especially textiles.
Famburg,
Partien (Malen). Saigon.
San Francisco. Seattle. Shanghal
Hankow.
Harbin
Monoinin
Ind Yuen.
Iobe.
London.
Los Angeles,
BJORN
Svarábayz;
Bhimonoaci Singapore.
Sydney. Tientsin.
Tainantu.
Tokyo.
Tsingtat Vladivostock,
FINE JEWELLERY.
Bagagement, Keopar, & Wedding Rings
A SPECIALTYJA
All of highest grade in the Colony.
-WINDSOR, BROS.
Ho, se Nathan Road, Kowloom.
TA. X. 509,
China Providente 16. Now 14.10 n. HK, Davelopmenta
Providents Combined
Dairy Farm...
B.K. Electrics Masso do
b. 50 Cent
'b tit
■ 3.90
B. 60 Fav 35 m.
(b, 31 New 7.8
(Comb. b 29 sa 20
b. 24
(Maw b. XI) sa 21 Comba 28.80.67
a 18 Now a 14
6.70 Cats
Comb. a 48-1/
27
87 32 83
49 D 281 b.
Jé
88 11.88 m
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Mr L. . F Young
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death of William Mcd
millionaire orphan,” who ruled un mysterious circumstances nevara muntha, ago, was wrecked, by a bomb The explosion, took place after Clod had, received several mysterious tak phone calle regarding his part in the
•Indoest
Capital (Paid-up) Beserve Fund
....Te 60.06.
Yen 5,50%**** Yen 12,088,ous
HEAD OFFICE: TAIPER, FORMOSA.
BRANCHES:
JAPAN-Tokyo, Yokohams,
Danka, Moji
FORNOBAGiran, Kagi,
Xarma
Leelung, Makung, Nante, Flas shinchiku, Taichu, Tainan, Tabeth Tamsul, Tehyon, Ako.
CHINA,Shanghal, Hankow, Kiukle
Amoy, Foochow, Swatow, Cam OTHERS Bangkok, Hongkong, Big
Soerabaya,
Samar
pore,
Batavia, Bombay, London, Weg York.
LONDON BANKERS: London County Westminster and Parr's Bank
The Bank hủ Correspondents in the Commarol- Centres in the Karopian Contrank, Bastia, Man churia Talogtao, Japan, Indo-China, Slaw, India Phlippine Isinorte, Jayp, and Daten Indian, Asse Talla, America. Aftion, de *Interest Allowed on Current Account, and Pimed Deposit rate which will be quoted on appli
- Z YAMAMOTS, Masingan,
tio
HONGYONG BRANCH,
1, Des You Road Central,
Hongkong, 5th June, 1924.
THE BANK OF CHINA.
行銀眾,
(Epecially Authorised by Prasidenciag
Mandate of the Republic of China on the 2nd of November, 1914).
Kuiborleed Captial minoć $50,009,200) Fast-ap Capital
318, TIL ØRE
HEAD OFFICER: PALING.
- MONGKONG BRANCH, QUEEN'S ROAD CENTRAL
- Branches and Bub-branches all wre China and Correspondents in Boys Amerlin, and other parts of the world London Maskers:-The National Parvia
wiki and Union Bank of England, M The Guaranty Trust Company of Hel
New York Bankare:--- Ike