Page

HONGKONG & SHANGHAI

BANKING CORPORATION.

ARAD OFFICE: HONGBONG.

عنيد

AUTHORISED CAPITAL.............. $50,000,000 LAJURD AND FULLY PAID UP $30,000,000 RESERVE FUNDS

STERLING... £ 4,509,000 SILVER...... $26;500,000 Reserve LIABILITY OF

PROPRIETORS......................}

830,000,000

COURT OF DIRECTORS:

"0. M. Young, Esj—Chaleman. IT. White, Baq-Deputy Chairman.

B. D. F. Brill any.

W. H. Bell, Big,

A. H. Compton, Esq.

Hon. Mr. P.il. Holyoak

Hon. Mr. A. Q. Lang,

Fattendan, FAN.

I. A..Plummer, Eq. T. fi, Waali, Kaq,

CHIEF MANAGER: -A. H. BARLOW, Risq. Manager: Shanghali G. E. STITT, Eng.

LONDON BANK129. Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or orter periods in. Local Currency and Sterling on terms which will be quoted

application.

Hongkong int Ibruary,. .15,

COMMERCE AND FINANCE

THE DEBENTURE MARKET.

FREQUENT ISSUES IN JAPAN.

FOREIGN INTEREST BIOH.

The debenture market of Japan recently has showh a favourable change towards the raising of funds

iki+

SANDYUROFT RUBBER.

REDUCED PROFIT BUT DIVIDEND

PAID.

At the annual meeting of the Sandycroft Rubber Company, Ltd., there were "present Messrs." the Hon. V. (ibbon's (elirman)," J. Mitchell and P. S. Knight, re presenting the secretaries (Messrs Harrison, Buaker and Co.).

mounds

נו

me

THE CHINA MAIL.

GOOD INVESTMENTS.

THE SAFETY OF CAPITAL,.

Questions as to the most suit- able kind of investment for people or moderate means constantly reach us, says a Home Finance writer.

EXCHANGE

Hongkong, 14th May 1988.

Un London

ג'י

Bank Wire-

11

De demand...

RTG .../s is/te

20 day's sigh

W

4 monthe might Credits, 4 month eight 1/3-

4 Documentary, 4 months sighi 3/5-)

on Furla

On demand.

... 10€5. Credits, 4 months' sight .......1145. On New York- On demand...

100 100.

On demand. Credits, 60 days' nighì Wire

Where safety of capital is a first consideration then the acme of investment excellence is to be found in Gilt-edged stocks of the. class authorised for trustees, and On Bombay yields of 416 to 44 per cent. accordingly must be accepted. In On Jalost a few instances 5 per cent. can be obtained.

Of course, slightly higher yields are obtainable outside the trustee class on sound Debentures and with bonds; and 51 per cent. practically no risk is possible,

On demand...

Wire

On demand - On Bingapore... On demand Da Manlia

On demand..

On Shanghal

On demand...

11 11

IM

#:

1401.

4

108)

dom.

all days sight (private paper) a

180)

1

On Yokolisma On demand... Gold Lost, 100 Sne (per taal) 47:45 Sovereigns (Bank's buying rate) 6.68 aller (per os.)

SUBSIDIARY OFERI

81.1/20

Hongkong 50 cente: sub, ... $ % dia.

10 IT

*** par.

Canton coins

Chinese Sub. Cain

+

die.."

M

303 %, dia,

10% pm.

10% pm. 8 pm, 57% out 31% dis par.

THURSDAY, MAY 14, 1925.

VEITORS AT HOTELE

HONGKONG HOTEL,

May T.

Mr M. Axelrood. "Mr J, E Joseph Mr FW. Baros Mr H. O. Lamond Mr. V. Benjamin Mr. & Men – C... Mr J. Book

Lasylium Mrs. H. R. Hallios Mr-A, Linxbird Mr & Mrs C. Beli Miss H. Little Mr RJ. Birbook

Mr G. N. da Man Mr and Mrs W, H. Na O.. W, Macho

d. Boere

Mias Darotky Moi- de E. Buchenholy. eal

Mr J: E. Cammwoll Mr. C. H. Morbegne Mr. ·D. Cappleman Hrjer Nathen

Mr E.A Carstenson Mr A. W Noren. Mio Cohenwath Mr E. O Farre

Intaab

Mr Olliver

Mr J. H. Cook

My C. M. Cottrell·

Mr Waltor t

Mr & Mrs Parsont

Mr and Mrs. Oowan" Mr Pomeroy

Mr P. W. Crosby. Mr. R. H. Pope..

Mrs G. I. Davia

Mr J.D. Deckin

C.

B. A. Panner

Mr M. L. Rand

W. O. Van Mr Alex Rose

Долима

Misa O, Hoslos

Misy L. Edanc Mr. J. W. Fockea MT. R. L. Fraser

'Miss_ A.-L.. Griffin

Mr. & Mrs. J. Gould

Di. D. B. Gawisz

Mr Goldsmith Ar A. H. Gordon

Mr. A. H. Zows.

Mr J, Sabosky

Mad Mr A. L. Bayare

Er & Mrr Schadeld Mr. & Mrs. A. D. Silas & infanh

Dr F. Allvstri

Capt. I. Alquiland/ Dr. H. F. Sommers

and Mrs W. A.M E. Sparks Raanihal

Mr B. Harrison Mr. A. F. Hany Ar F. Esleh

Capt. T. P Hall

A&F

Hamilton

Mr and Mrs B. W.

· Todd

Mr and Mis B. W.

Wagner, Jr.

Mr George, Nosrar

Mr C. MeWilson

¡MF. G. A. Harriman Me H. Wilson

home rather than in foreign countries. The earthquake and fire

The Chairman said-The report of 1923 deprived Jupair of enormous Wealth and the country was in and accounts have been in your urgent need of obtaining funds to hands for some time; may I ment is reconstruction enterprises. it is your pleasure to take them as The fall of the Yea-Dollar exchange read."

The crop harvested during rate used as the result of the the year was a little less than for discount of the Greign credit of 1928-24 to meet the slight reduction Just following the earthquake in the company's standard pros Many foreign loans were conclude duetion on account of the areas cut after the earthquake at up to the out, soul, as the final quarter per present allegether 1707,000,000 of mitted only a 50 per cent, export Foreign empital has been imported allowance, the balance of rubber in Many investors, however, may into this country. Of these, the suck at the close of the financial find it necessary to secure Jamnese Goverment loans in the year for which no export rights larger return. This can be done 'ited States and England totalled were held anomitedjo 12.681 Ts with a limited risk-that is, by 44,075,000; the Industrial Bank This quantity has only been taken mixing the investments where the of hours on totalled £44,000,000; fin at a valuation covering the direct amount of capital available can Bailo Electric Power Company's cost of harvesting this rubber. You be spread over several securities. Four Comilled Y30,048),009; undi, will, no doubt, recollect that in 1994.

In cases of this kind, one-third jikawa Eletric Power, Company we had a big drop for prices and the or so should be invested in Gilt- Bar Silver in Hongkong deners couilled V28,000tku, making pret which we take to the balance edged stocks; another third in Chinese Copper Cash HONGKONG SAVINGS BANK.

an aggregate of $707,000,000. Esbeek thus Only

Preference shares yielding 5% to China Copper Coats MONEY RATE DROP BELPS. [$17.7081.75 against over $20,000 for 6 per cent. and the balance in Rate of Native Interest buxinons of the above Bank in

The Tedent development où the † the year before."

Railway stocks or Industrials Hangrong Suh, Cola.... conducted by the HONGKONG

shows; Turning to the balance sheet, the returning 7 per cent, or more. AND SHANGHAI BANKING COR Eapanese tanini market

compsadjem revived from the PORATION. Rulos may be obtained however, at the stamtion is now

becoming more favourable for the, Govoramrut in respect of the trees

Where the prospective investor RUBBER PRICE AVERAGES. | M. J. R. Jone; on spplication.

PEREST on deposits is calculated dustries raise funds to home cut out for the telephone in which risk a larger proportion might be The second quarter of the third

can afford to take, a reasonable, on the lowest balance during ench comtan abroad. A better art is My have erected through certain invested in Industrial Ordinary Restriction year ended on April pleted Calendar Month as 3 per cent.oticed for the ruising of Tunis in fields has been written off the pro- shares.

30. The averages in Singapore The expenditure per annum. Should there be no balance dap dae on New York or London [perty accounts,

a any day is a month no interest will market for industrialists here in inured on the renting of the shares the speculative element Singapore...

In most Rubber, Oil and Mining and London for the quarter aro

67.838 cents. be allowed for that month.

The money rates in 22 acres, to which reference, was figures Ivanions ways.

largely, and Dopositors may tunefer at their 1 Pted States and England arengule last year, has been taken out securities are not for investors to The exportable percentage during

such London

Ib. 7417d. option Balucs of $100 or more to the now again ascending while those the reserve accounts reinci, whom security of Capital and a the quarter was 55, and the price HONGKONG SHANGHAI BANK in are gradily falling at this to $35,967.11. have already steady income means everything. average recorded will warrant the to be placed on FIXED DEPOSIT sent, Enter Site arcumstaties,ndered to the methunt of steak Those who can take auch risks percentage being raised to 65, a

The concisusion af Jajatiese loans on vndusdiena, Cash and investame ja ba

reign parkets at resent and inainous to $124.3921 md, deduct often are amply repaid by sub- figure it reaches for the first time the Tire is held to be difficult.mg From this the various liabilities stantial appreciation in the value since the third quarter of the first

of their holdings.

Restriction year. recent grudigd recovery of the app wring in the balance ɖævet, - "Yen-Dollar "exchange rate serres | tire is a balance of liquid assets of mary espacially as a factor, standing over $100,000, and so your board in the way of the easy, conclusisir feel they are justified in recommend- for such loans in the Eisbert States, king the payment of a 5 per cent. (on the atlier Band, Idividend tonlay, "uven though that Nysa repórt the money mile-un dapatelor kang-[distribution is slightly in excess of the profit cunted for the year under» term loans is now falling,

review.

מין

CURRENT RATES.

For the HONGZON & SEAN

Baxxing ContuZATION;.

...H. BARLOW,

Chief Manger Hongkong, Ten January, 1925.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL " CHARTER, 1853...

Paid-up Capital

HEAD OFFICE: LONDON.

£3,000,000 ..$4,000,000 Reserve Fund Reserve Liability of Pro-

prietors

.23,000,000.

FOREIGN EXCHANGE and General Banking business transacted.

CURRENT ACCOUNTS opened and LED DEPOSITS received for 1 year as shorter period at rates which will be

oted on application.

coil and

T

It is most natural trai Jüjanest businesmen are now paying more Coming to purely eshite matters, attention to concluding "kans ju some difficulty, is being found in (Japam ond laye" begun." to neglect establishing plants in the area that There are fas been cut out and is being re- foreign 1 proposals, ja lew Maican expitalists intend-planted, but once access is achieved

this ing to advance loans to Japanese in-in

it is hoped dustrialists but they are Also with the help of imported

gnising this tendency and are

manure, and the withifolding the conclusion of hasty establishment of a cover plant for making that progress will be, loans, it is reported,

How the recent kans conehirled made. is not intended to extend between Japanese business and the arena at present, Pests and America enfitalists are usually disensos have given no madue trouble high in interest-fute can be seen and weeding is well in hand. from the first Dido Electric-Dillon | regards "labour, verroits " are now Reid and Company, conduled oncoming in from the coast but while. July 17, last year in Ameran. The halt for the first portion of the BANQUE DE L'INDO-CHINE | aminal interest rate of this loan is ylar was good it his given some 7 per cent.. the issue-price being trouble in the later months, and has $91.50 for stub ince-value, and the proved detrimental in some degree,

One new coolie line term of redemption 20 years. These to efficiency"

A. H. FERGUSON, Manager. Hongkong, April 16, 1926."

Bangkok Butambios

Oxalon Djibouti

Noume

Hongkong

vulv

J

Haiphons Hakow Дако

Ple Pekleş PROM-Pooh Pondicherry BANKERS:

As

HEAD OFFICE: 36, Boulevard Hanumann, Pars dubcribed Capital. 72,000,000,6: Paid- Caplia!

... Fra 68,400,000,00 Esserve Fonds ... Fr. 59,857,283,64

ABRANCHES

Balgon Shanghai Singapor Tintain

of 9.11 per cent, as its burden for The opening up of the jungle re- Tay

the subscribers, I regard to the serve to which Mr. Kemp referred Yurnin' Toho Electric Power Quaranty last year has been started and felling Contractors Trust Company loan totalling is almost complete. INFRANCR Comptoir National d'Escompt$15,000,000, which was concluded giving trouble seriously hindered in Paris; Orelit Lyonnais, Banque de Paris on March 9, its mual interest is this work and wet weather has so Para-Bang Credit Industriel et Commercial 7 per cent, and the issue-price is far preventet a burn but it is hoped Laniere Generals,

IN LONDON: The Netional Povincial & } $90.50. The summul profit which to have the extension well in bund I wish daisa Beak of England, Ltd. Camptothe lone brings in totals 8.60 per during the current year.

itional d'Escometo de Paris, Credit Lyonnint. The Commission of the lửan (to refer before T close to the loss IN NEW YORK: J. P. Morgan & Co..

was 850 per cent, and, consequent from "the board of Mr. Lowther Peach American Banking Corporation;

ly, the Toho' Company will have to Kemp on his retirement from the Galy Trust Co. of New York

Intermi allowed on Current Accounts and bear 8,89 per cent, as its burden." Fast just before the end of 1924. Fizid Daposlia nosording to arrangement.

The Ujikawa-Lee Higginson loan He has taken a keen interest in the concluded on April 2, in America is company's affairs for many years also high in the interest to be borne past and we shall miss the benefit. by the Japanese firm, and the his experience and general sound average is about 9 per cent, a year. judgment. I now propose that the Moreover, these louns were con-accounts and report for the year elnded, taking into consideration ended January 31, 1925, be and the adverse Yen-Dollar exchange are hereby adopted. I shall be rate which then prevailed. It is ppy to reply, as far as I um able and that the exchange rate does not to any questions shareholders inay necessarily mean the profit realised wish to put, after which I will ask by these companies.

Mr. Mitchell to second the resolt- Money rales in the country weretion. Bapital (fully paid-up) Ten 100,000,000 assuming a downward course The report and accounts were

terms seeni raflier advantageous, on is in course of construction, and a the surface but are apt so in fact.coagulating shed was adapted dining. Its commission was 10 per cent. the year to give additional drying and, consequently, the Daido Com-accommodation and so permit the puty will have to bear the high rate manufteture of sole crepe,

Every doription of Banking and Exchange

Beinem transacted.

A. LECOT,

Manager Hongkong, March 20, 1824.

THE YOKOHAMA SPECIE

BANK, LTD.

Matablished 1889.

Head Offles:-YOKOHAMA,

Branches and Agencies at:

Newchwang New York. Qaaka.

Mombay.

sanos Kyren.

Calentia.

-FAI

Beesrve Fund man Yen 80,500,000 ( gently. may be seen from the adopted, and a dividend of five per fact that the Korean Development cent, was declared. Mr. Mitchell Bunk, which paid the high interest was, re-elected a director, and rate of 8 per cent for $8,000,000 Messrs. Derrick and Co., were re- debentures issued last January is appointed anditors. now Juying 7.8 per cent, another debentare totalling 110,088),000' re- cently. Bloated. Moreover, the latter debentares were fully subscribed, though the term of redemption WIS extended from 7 to 10 years. The Tokyo Electric Light Company is also going to issue a 7.5 per cent. debenture shortly and all others also now bear the same.rate of 7.5. per

Changchun.

Batran (Dalry),

Peking. Rangoon Rio de Janeiro.

Pongtion (Mukdan), Saigon,"

Kamburg.

Kankow.

Kai Too

Kobe

Lendam.

Nos Angelos.

Ban Francisco. Seattle. Shanghai.

Shimonnsaki. Singaporb

Boerabaya.

Bydney... Tiantai. Tokyo. Taisanto. Tsingtas Vladivostock Intarsi allowed on Current Accounts. Depostis received for fixed periods at mates to be obtained on application

OTARIMA Managin

FINE JEWI

CIALTYAZ

zenie in the Colony WINDSOR BROS. Wo, 50 Nathan Bond, Lewison,

gent, a year.

*

AMERICAN AS THE BUYER.

BRITISH ECONOMIST ON SELF-

PRODUCED MENACE.

Aperica is eager to sell but very unwilling to buy, and unless this attitude changes, the United

nation was prior to the war," Sir George declared, "a position thrust upon America by war con- ditions.

"As long as America is willing to extend loans, it can sell its surplus goods, but this operation cannot

continue indefinitely, Europe must be allowed to make return for the enormous amount of capital and credit already. extended, and the large sums still needed, in produce and goods. Otherwise Europe will be unable to purchase the American surplus and this condition will reflect in impoverishment of American foodstuff producers". tries."

States will not continue to hold its Dawes plan as the necessary step Sir George characterized the present position as the world's greatest investment banker, Sir toward restoration of Europe. George Paiah, British economist, He said that it had brought rea told the Bankers' Foreign Trade son where there had been no Association; in session at Cleve Dawes plan was only temporary reason, but stated that even so the land, Ohio.

We measure, to be displaced by a per- America's attitude is forcing manent plan after economic Europe to restore Russia as the restoration has begun. source of foodstuffs which that

Mr. C E. Holmes Mr and Mrs. G. M: A. Iron

A

Wowwaer & child

REPULSH BAY HOTEL

May 8,

Mr & M + A.W.Van Me & Meu B. Land

Mr W W. Moar and rs &R.AMI DeW. Attoabarg Mean Mer A. W.

Mrs Morray

Delu:30

Me Jockey

Mr and Min J. N.

A sad Miss L Parker

Ellis

Mr. and Mrs H. 8. Mr & Mr A. D. Gal. Parpol, His and

_loway & daughter agree Mrand Mrs Chart Mr & Mrs. Bohryver

Haworth

Mr & Mrs. W. O.. Mrad Mrs . B. Vander Steen

Libram

It-Jel. & Mrs O. M.

Stephena

LOCAL SHARE MARKET.

Me and Mrs B. J.

Lacon Mr and Mrs Lang

banka

OFFICIAL QUOTATIONS.

10.30 AM

MAY 14

Namos

Stock Rzobargo

Brok H.S.B.C. T.T. on selling, rate

London

/* And on Shanghai

78-1 S Hongkong Banks 1915 b 1810 sa London-£139 b' Chartered Bank Mercantile Bank AB 229-1/8 b.

do.

0 £13-1/8 h. and

P. & O. Back Enot Arla Bank... Marine InsafanOSE, Canton Ingaranos... Chias Undire

***

*North Ohlas Insurance

Tinion Insuran 50 Yangtare Insurance

Fire Insurances

-

**A* 219)

Mr & Mrs Townned

"PEAK HOTEL.

May 8.

Dr J. W. Anderson Miu G. Kennedy.. Mr S. & Arthur Mr M. P. Key Mr & Mrs F. Austin Mr and Mrs

Miss E. R. Bally

Dr H. Baloan

Mr J. A. Barton

Mr and Mr T.

Bennett

KIB

Mr and Mrs H H.

Langaton

G.Mr K. Larson

Mr and Mrs P. W.

Blackwell

Mr W.. Boarne

Mr M. J. Breen

Mr and Mrs G. D..

Loys

Mina Loys

Major A; 8" L45516-

johna

Mian P. W. Brown Mr L. M. §. Lloyd Mr and Mrs R. L. Me J. D. L'ord

Mr and Mr S. D. Carothers Logan

Bridger

Men W.

Capt. & Mrs J. O. Mrs J. Modfash

MAY 14. 'Ekarobrok÷re' \moclation,

Bank.

3/21 73-1/8

b 1930

b. 291-1/1

b. "0 £13)

e u a

b. £1

n. 100

700 b.

b. 780

1j 6, 3:40 1 2 30 8k.

+ 3.25

TO ..

140.

388 d

b 480

$7 D.

b. 48

Carpenter

Mr R. Mallar

Mr. Clark

Mr J Miller

106 607) b

500

Mr B.B. Oleland

Mr H A. Mila

$69

Douglanen...

64 0.

H.. Steamboats...

38.8)

Mr and Mrs W. A.

Cornell

Hongkong Tags and Idghter

47 m.

# 481

| Mr and Mrs J. D.

Danby

Ospt. R. A. F. Mon.

tsuaro Mr. L. Morse

Indo-Chinas (Prof.)

98 n.

D.

190 a.

180 s

129

J

AJ/J za

Star Ferries Water-bosta

81 b

***

17-14

172

!

Oriental Nav. Co.

P

TH

256 D.

Wafinerios

China Sugar Malabon Sugar

61 8 03.0

# 83-1/9.

9,40 B

571-b

Gamb. T25-1/2 b

b. 16

7

D. 7

11. 8

D. 11-1/2

China Fire Insurance Hongkong. Fire Insurancs... shipping

do.. (Def.)

do. (E.K. Reg.)

Sbell Transporta.....

Mining

Renata an Kailan Mining Adm

Langkatan Shanghai Loan

hai Explorations... 2418 Hingle Langkats

Tit b. Raubere Tronoh Mines Ural Овер

Dock

THE

Wharves, Godowns, &o. H. & K. Wheels... H. & W. Dook Shanghai Bongkawa Now Engineerings...

bal Docks

Ogmenta

. K. Engineeringe

197 ■ 19%

@ 195 184/S

119 B

■ 119

T301 D.

4.

• B

Tizb

b Id

Lands, Hotels & Buildings. R.K.4 Shal Hotal 15-16) sa. New Rongkong Dandi......

A.K Bosity

Kowloon Extabell ***

Lande Princos Buliding ........ H.R. Corritorial... Rural Lands cotton Mille.

- b 181

96 1 34

b 95.4

4.66 b

b. 4.05

30-1/b

д

150 m.

М

1. 150

J

...

b 3.

5. 3-1/2

w:: 10 n.

T 11.10 b

Vi THE

T. 3.90 m.

1 2.91

* 57 m. New THR

m. 60. How 33 a,

Rwa Cotton Mills, Lid. Kang Yike Lana Kang Mows.***** Orientals

Ootton

Cements Combined Chins Lights (O2).

do (Now) TR-1/2_a. Comb 287 a China Providents 18 a. Now 16.10 m HE. Developmson li

Providents Combined

Dairy Farms. B.K Roctrica Masso, do

Hongkong and Canton Lons

n. 80 Cable

43. п.

20 b

Rongkong Ropes 18 m. Now 10.30 m. hopes Combinada Hongkong TramWATE... Poak Tramways (Old)

(Now)

Fo.

Lane.. Ora donde

Manying Tol

Ha 34

40 n

14

(m, 19-1) New D. 9

(Comb, 281 281-4

(How h. 19 Comb x, 894

n. 1# Now xn

b. 70 dent

Comb 'n 46-1A

b 17

b.89 sa't

17-18 New 10 b.

b. 33

b. 6.10

(b #3) Now ₺ 31-1/k.

SEM.Qovor Me E-R. Mira zaob

Wes E Cormack Mr and M••J

Krogh Moa

Lt. Col. R. A. Dob- Mr and Mrs W., N.

bin

E. Kardock

Mrs.N. O. Donald Miss M. W. News-

and Mrs H. R. holme

Edwards

Mr W. Ogden

Mr and Mrs W. A. Hr A. B. Penn

Eastson

Mr A. Primall

Mr. R. E Farrell Mr.R. Ramington LL Col. F. G. Fitz Mr. Ritche

Gerald

Mr & Men T, Sonit

Mr W. R. Seiffert MrR H. Skelton Mes & Mas G. 1.

Stubblagi

Mr D. FitzGerald Kr & Forbes

Hlas M. Forbes.

Mr R. J. W. Foster

Mr and Mrs F, P. Me and Mr K. F. L

Franklin

Boordee

| Lt. E. C. Fradorisk Mr O. P. Biardes 7.D.Goodfellow Mr G. 5. Tarrant He W

Mr and Mrs Goo. W. Mrs J. B. Thomson

Grey

M2 B. A. Hala

Mind H. B. FIA Mr J. B. Hawker

Mr W. J. Hawker

Mre O. Thwalber

Miss Thwaites

Mr A. W. tiokle I-Col. and Mrs E.

Trevelyan

Mr G. M. Hems-Mr L. D. Turner

Capt sad Mira 1.

Walker

worth

Lt. Comdr. G. F

Hola

Mr H. Howell

Mr H. R. Weller

Lt. AJ. L. Why be

Mr T. L. Jenkins Mise O. Willmots Mis 0. Jankin.. Me and Mrs. J.

Wood Mr F A. Johnso

Mr G8 Hugh Jonst Er L. H. F. Young Mr and Mrs A. q.

Kennedy

Cont for

THE BANK OF EAST ASIA LIMITED;

HEAD OFFIÖN- HONGKON Authored Capital; come over

Paid-up Capital.

Beery Fundr

DIRECTORS:

$6,000,000,

$1,000,00

Hon. Mr. Chow Shoa Bon-Chairman

Fang Ping Shon

LA Boon tann

P. K. Kwok.

Ng Ching Lak

Fong Wil Ting

Mok Ching Kong

Woax Yan Tow

Hurah Tal

Kan Ying Po

Chan Ching Bhak

very description of Banking and Exchange

besthom transacted. Lou

approved mouriiles

grusted

SAFE, DEPOSIT BOXES' to fel.

KAN TONG PU

(klat Mausaget.

Hongkong, 10th February, 1995.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

B

(iminelands Thanee'HowevE.)

Perantioris 1894. How BuNDE ESTARLIDDIO 1900,

·

Authoriand Capitai 6, 180,000,000, 413,800,00 Paid-Dp Ompĺtki ......G. 80,000,000 € 6,000 STE- Barra Fund G. 20,045,089 € 1,675,69 Epecial Eeserve, G, 22,660,000: £. 1,8812081 HEAD OFFICE :---Amsterdaan, EASTERN' HEAD OFFICE :--Batavia,

A FRANCHER

Husdjurmain Bandowag

Unletta

Bombay Überibon Denber The Hague Kobe Maki mar

Falbibang Pontianak

Djorjakaris

Kata-Baija

Padang

Ригада

Rotterdam

Bazenean

Bingspare Tagal

Sooraba

··Medan

Pacalongan

Rangoon

Bhanghai

Soemkarta (Beis Tilatja Weltevrede LONDON "BANKERS— National Provincial Bank Ltd, Correspondents all over the world.

BANKING HORINESS OF EVERY

DESCRIPTION.

M. J. HERSCHLEB,

Hongkong, November 4, 1994.

Ageak

司公理管業實法中

SOCIETE FRANCAISE - DE GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINE

ETABLISSEMENT FRANCO CHINOIS.

(Incorporated in France)','

1, Chuter Road, Victoris, Hongkon

HELD OFFICE: 74, Rue St. La

Parla

Subscribed Papital fully

_paid-wp_y Esserre Fund.....

Fra. 10,0 Fzs, 10,857

Working fund provided by

TILE BANQUE INDUSTRI #

DE CHINE, Fra: 50,000,000:

Paris:

BANKERS:

Societe

Generale,

Nationale de Credit BanqDE: Paris et des Pays-Bas,

London: Midland Bank, Ltd.

New York: Irving Bank Colombia | ath

Ca

Every description of Banking Exchange Business transacted, dow pondants throughout the world.

M. FITZ-HENTE.

Manager.

́ 19th November, 1924.

THE BANK OF TAIWAN, EX

(Taiwan Ginko.)

Incorporated by Special Imperia Charter, 1899,

D

Capital Subscribed

Capital (Paid-up) Lerra Fund

Yen: 50,0001

Yen 5

HEAD OFFICE: TAIFEH, FORMOSA,

BRANCHES

JAPAN-Tokyo,

Osaka, Mojk

Yokohama,

FORMOSA.—Biran, Kagi, "Ka

Teslung, Makang, Nanto, Shinchiku, Taichu, Tainan, TaN Tamui, Tobyon, Ake.

Shanghai, Hackow, Ke Amey, Foochow, Swatow, Challe OTHERS.—Bangkok, Hongkong, Ba

pore, Sourabaya, Batavia, Bombay, London, York

LONDON BANKERS: London County, Westminster uni Farr's Bank.

www.and

The Bank has Correspondents in the Do- Detree in the acopera Costinest, Brela, Wes eduria Tangina, Japan, Indo-grins, Blada, kuSS Philippine Leiania, Java, and Datok Indias, Aami relia, America, Africa, &c,

Katarunt alowed on Current Account, kad Tjent Deponte At Fales which will be 415ted am spylion

Bom

Z. YAMAMOSI, Managin

HONGKONG REANCH,

1, Don Vaux Road Central,

Mongkong, Eth Juss, 1924,

THE BANK OF CHINA. 行銀國中

(Buonally Authorised by. Presiden

**30*5% of the Republie of Gam

*** the kind of November, 1914).

Katherinell Capital-m

HEAD OFFICE: PECUNI

HONGKONG BRANCH "UMEN'S ROAD CENTEAR Branches and Bub-branches all China and Correspondants, in

Unior, Bank of

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