Page

*

2

HONGKO

[ONGKONG & SHANGHAI

BANKING CORPORATION.

HEAD OFFICE HONGKONG.

Authorised Satınalı........ 850,000,000 Lasted AND FULLY PAID UP 820,000,000: BERVE TUNDE :—

STEALING... £4,500,000

SILVER........... $24,500,000 BESERVE LIABILY OF

PROPRIETORN............

830,000,000

COURT OF DIRECTORS: G. M. Young, Esq.--Chairman.

H. P. White E-Deputy Chairman.

W. H. Bail, M. Hon Mr. Lang DG, M'Fernnel, 54; W. L., Pattenden, Kii A. H. Compton, Esj, 11. A. Plummer. 8-q, Hon Mt... Hotrosk! T. G. Weil, Eig.

CHIEF MANAGER;

A. 1. BARLOW, Esq.

COMMERCE AND FINANCE.

FORD INVASION.

JAPAN TO PRODUCE 50 CARS A DAY.

Formal

announcement

Was

|: made of the opening at Yokohama of the Ford Motor Company of Japan Ltd., a concern with 50 branches in 40 cities in Japan and factory that has a capacity of 50 automobiles daily.

Japan is the 16th foreign coun- try into which the Ford Motor Company has gone with its own organization.

The announcement of the open Manager: Shoaghai–G. B. STITT, Ein of the factory at No. 4

Midori-cho, Yokohamn, by the

of the new company,

follows several Months of arduous

LONDON BANKERS, Westminster Bank. Ltd.

manger, Mr. W. H. Chase, chief

THE

THE RUBBER SITUATION.

Messrs. Baker and Morgan, of Kuala Lumpur, have the follow Ing in their weekly report:

FORWARD CONTRACTS AND RESTRICTION.

CHINA MAIL.

dividend has been paid. United | Malacca had liquid assets of $87,416 at the close of Its financial year April 30, 1024. It earned $15,492, but It paid no dividend. Bukit Jelotong earned $10,482 In the year ending May 81, 1924, and It had liquid assets $51,828, but it paid no dividend and has paid nointerim dividend. Bukit Katil Sevore criticism has

is also mentioned. It burned levelled at the directors of a num-$17,555 in the year ending April ber of London companies who 30, 1924, and paid a 4 per cent. dividend. It had liquid, assets have done so much in the "for ward" contract line, resulting in amounting to $114,704, but it has their companies not benefiting by paid no interim dividend. At the rise. meetings of the companies named which is, of course, why the ster there is much talk by directors about making provision for, bad ling share-market has been so

the

current sensational

been

slow in responding. But it is an ill wind, etc., and the mere fact of the existence of these for

ward contracts has been taken in

EXCHANGE.

Hongkong, 19th May 1998. On London

Bank. Wir

17:

On demand

1

30 day's sight...

4 months right Oredita, & months sight ......2/3- Documentary, & months sight 1/3-2 On Parl

***1095 Oredita, #monkhy' sighi .......1195

On demand

On New York

On demand...

On demand

пр

Boe

ས་པÚེ

TH

>

-149

Credits, 80 days' sight On Bombay-

Wire On demand Wire

Olothe

On demand.

on Sagapor

On demand On Masila

Da demand On Shangha

On demand..

Type

***

100 10

4.

Anom

130

20 days sight (private paper) On Yakokams On demand

CURRENT ACCOUNTS opened in work in installing the plant. The ed, with regard to the likelihood improved that there is no longer Gold Leaf, 100 dne (por tacl) 47,40

LOCAL CURRENCY and FIXED site was obtained after negotia DEPOSITS received for one your ortions which Jasted for many shorter periods in Local Currency and Sterling on terms which will be quoted on applies Hon.

Bongkong, May 21, 1223,

EwOOKS.

times. In 1921 and 1922 such counsel was obviously sound, be cause, with the huge surplus stocks, low prices were inevitable. America as concrete backing, by cleared off by the policy of restric- Since these stocks have been these directors, of the views they

tion. the outlook has so vastly have, from time to time, express- of a revision of the Restricting excuse for hoarding and keeping uniler control of directors money scheme. This means, really, that which shareholders would very America has been genuinely. much prefer to have in their own EMPLOYS LOOMEN. though most unintentionally, mis hands and for which the Boards The plant covers un area of led. We have back in power the of the companies have no legitim- 3,000 tsubo. It has been set up very Government that was and started working through the sponsible for the Restriction ate use. Moderate liquid reserves HONGKONG SAVINGS BANK. of Mr. Chase and his scheme, and there is every likelie sound. Hoarding is not sound: assistants who have come out hood of our staying with both for improper use of shareholders' it occasionally leads to rash and business of the above Bank is directly from Detroit to handle some time to come. Meanwhile, conducted by the HONGKONG the installation of this company in the industry is well on its feet) AND SHANGHAL BANKING COR Japan. It is a Japanese com-again, and we have both to thank PORATION. Raies may be obtaina pany, There are 150 men em- for it.

ployed at the factory, which is OD: application.

operating now and turning out cars each day, delivering to its deulers the latest model Ford machines, with a number of new improvements,

INTEREST on deposits in calentato!] on the lowest halares during aach com pleted Calendar Mouth at 3 por cent. par Bonn. Shoukl theru bo no balance an any day in a rawith nộ interest will ba allowed for that mouth.

Dopositors war tender at their ontion Balneo of $100 or more to the "HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES,

15

Fortan. Romos & SANORAL Basis ConrÜNATION,

AH. BARLOW,

Chief Manager. Hongkong 7th January, 1925,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853

HEAD OFFICE: LONDON.

T

Paid-up Capital Reserve Fund Reserve Liability of Pan-

prietara... P

:£3,000,000 £4,000,000

.£3,000,000

the

re-

ABOUT RUBBER “FUTURES:"" A large business has been doing in rubber "futures and though we definitely do not undertake to advise either in this or share deal- ings, we are glad always to throw "It is the aim of the Ford out any suggestions that may be Motor Company to develop service helpful. In this connection, we to its highest degree." Mr. Chase wish merely to remind clients that commented in discussing the there will come, undoubtedly, a opening of the plant in Japan. time when opinions will be divided Thus, we hope best to serve the as to the advisability of buying Fmillions of Ford owners through for selling rubber. And, though out the work. In this respect things look like going one way we believe this organization holds only just at the moment, when unique position. The entry into that time comes, while everyone is Japan's field. I think, will cer-entitled to an opinion, there is tainly mark the beginning of no gain saying that one section of new era in Japan's motor world."

community either, the 11. has been more than nine "bulls" or the "bears"will be months since the Ford representa- wrong. It is when that period of tives arrived in Tokyo and began divided opinion makes its up- looking over the field in prepara-pentance and we are not sure tion for the opening of a plant in that it is far off-that we would this cuntry. The site was first urge clients at any rate to restrict chosen. Several were looked at their commitments, since, when before the location at Yokohamaa good profit has been made, it is wis derided upon. Then there unsatisfactory, to say the least of was the business of setting up the it, to have to employ it in covering building and installing machin-losses. ery and, in short, making the many arrangements for the in- aliguration of a factory that, fur! all intents and purposes, is the same as the Ford plant in Detroit or the assembling plants any-hurg Casoliduted Investment Co., where else.

a known as the Johnnies' group, did well in 1925, although the results of the individual com- Mi. Chase, who has been withpanies were by no means nuiform. the Ford Company for 10 years, At the head of the list stands the has been in direct charge of this Government Gold Mining Arens- His offices were in the the world's hurgést gold producer-- Imperial Hotel for the first part which treated an increased quantity | of his work. Here he carried, on of ore for a higher average yiek at the business of laying the grounds slightly rednerd cost ratio. Unler for the present factory that is in complete readiness and operation and is handling the demand in Japan for Fords, With a plant here that

willurn out machines as up-to-dale as they are made in Detroit with every IN FRANCE:Comptain Nationalloorapte modern improvement, the Ford de Paris: Grafit Lyonnali; Banque de Parte organization expects to greatly Ros Pay Bas;.Credit. In patriel és Commercial: Beginte Genealo.

increase the sales of this machine in Japan.

FOREIGN EXCHANGE and General Banking business transacted.

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

A. H. FERGUSON,

Manager. Hongkong, April 15, 1925,

quoted an application.

BANQUE DE L'INDO-CHINE:

HEAD OFFICE:

96, Boulevard Haussman, Paris. Subscribed Capital. Frs. 72,000,000.00 Paid-Up Capital Fra. 68,400,000.00 Frs. 69,007,298.54 BRANCHES: Hongkong

Reserve Fund

Bauzkok

Bastanhang

Caloo

Noutata

Otthonsi

Papeet

Yaking

Halpbody Baaker

Puom-Yoak Pondicherry BANKERS:

Falzon Ahanghai Hingapore Tinti Parane Yungenfit

work.

REDUCTION IN PRICES,

1

GOLD MINING RESULTS:

The group of South Africa gold mines controlled by the Joliales

money.

Sovereigns (Bank's buying rato), 1.85 silver (per o).

Bougkong 50 onte sabe see

HUBSIDIARY Oetu

"T

11

Canton solus

"

81.3/10

307 X

10% pm. 6 pm. 52117 out. 31% dia. %dle

Bar Silver in Hongkong 10% pm. Chinese Copper Cas Rate of Native Interces Chinese Copper Centa...

Ohinees Sub. Colu Hongkong Suh, Join.....

LOCAL SHARE MARKET.

Name

OPPIC141 QUOTATION

MAY 28.

HACK

10.30 AM.

arek Exchange

4.9.0. T.T. on selling rate

London

73-18

and am Abangbai lugkong Exake-18 0 5 London fil 40: 3: Chartow Bank

#alib.

Varantila. Bank & g* Ah.

do

P&O, Punk Bhat Ain Rank Mariae façUFAUCON Banton Tauntando... China During Yorth China Tarncance

sion InsuraRCH

Tanztese Insurance Fire InsuranÇOS

THURSDAY, MAY 28, 1925.

BOUR CABARET...

OFENING TO-NIGHT AT THEATRE ROYAL,

Reginald Selleck and Charlos| Chamiers will appear in the Intest London; craze "Our Cabaret,' which opens a short, season at the Theatre Royal to-night. This is an entirely new and revel pro-| gramme, which has never before Eeen seen in Hongkong; and there is bound to be a large bouse. 1. The company arrived this morn

steamer ing by the P. and 0: Malwa, after a successful season in the Straits Settlements, the Press of which is no less enthusiastic and flattering than the newspapers of India regarding the real merita of the entertainment,

"Our Cabaret," it is interesting to note, has still a long engage.. ment to fulfil in India next. "cold senson, which speaks for itself.

Booking for the local season in proceeding at Moutrials.

VISITORS. AT HOTELE.

HONGKONG HOTEL.

-

Mr E. Leeds

Mr J 5. Li đok

May 22

Mr M. Axelrood Mr.F. W Baraos

Mr N. Boule

Mr and

Mr

Begben

Mya Tingbied

W.HO. Lion erger

Misa 4. Lillie

Mrs. B. R. #ellion Mr G.N do Мал

THE BANK OF EAST ASIA, LIMITED

HEAD OFFICE: HONGKONG. Authorised, Capital Paid-up Capital Reserve Fund .....

$10,000,00

3,000,000 1,000,000

DIRECTORS: Hon. Mr. Chow, Shou Son-Chairman, Fung Ping Shan Mok Ching Hour Li Koon Chun Wong Yun Tong F.E. Kwok

Huyuh Tat

Ng Ching Lak

Kan Ying Po Pong Wal Ting Chan Ching Sho Every description of Banking Exchange business transactad. · Lomm granted on approved securițioas

SAFE DEPOSIT BOXES to le KAN TONG PO,

Chief Manages. Hongkong. 18th February, 1928.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ...

(NETHERLANDS TRADING SOCIETY.) ESTABLIRW:: 1894.

Homosoma BRANCH SETABLIEMNO 1906

uthorland fapital (4.180,000,000 £39 100,000 Pud-up Capital.... 80,000,000 £8,865,079 Reserve Paid 20,045,039 2 1,070,419. Special Emerys...G, 22,880,000 £ 1,888,298 EKAD OFFICE ---Atordnom EASTERN HEAD OFFICE:-Jatavim BRANCHES :-

Bandarmiin Bandowng

Choribon

The Hague

Mayver

Palembang

Calcutta

Doljakarta

Kata Rabe

PROLAK

1

Rotterdam Fingapore

Вазлаевед Boraba

Tega!

Mr. V. Benjamin Mr R. Monsacho Chat Postler Me Mr. J. Penang MrDZ W Bo thos Monger & shiltron.. Me R. J Birbank - Mr. C. H Montagus Mr H. C. Royo Me J. Marion

Mr Miliged Mị W. G, Froh

Ms. D. Cappiaman Mis I& E. Mae

Mr.J. H. Ook

Vr P., Cott MAP

graron

MFR Nicholson

Crawford Mr B. H. O Farroll Miss a Dailly Mrs Oliver Mrs. . DATIN Mr J. E Ollerton. Mr. D. Dectie Mr & Mr Palt:ideo

D

M- Mr W. P. Mies R. F. Palt

ridge. Mr. d W. D. Van Mr and Mr R J

Doraser

PATSO)+

Mic O. En lew Mr 5. egler

MHO. Eckhardt Mr. W.H. Perchardt Mr. J. W. Focken MrR H. Pa Mrand Mrs A. H.A.Mr Tane Propo

Fong

We R. Poitla Mr and Mrs PD.G Mr R. H. Ponrper

Gain

Mr Alex Hos

Mr W. Rose thal

Dr. D. R. Gawior

Mr. A. E Town

Me Cleyton Golp

Ma8. J. Goldsch M. A. Salve

Mr. & Mrs. J. Gould Me Joseph Satosky Miss A. L. Grista Mr&Mr.W.Rohofield dr and Mrs W. A. Roer Shaw

Hannibal

Mr. &

A. D. (Mr. A. F. Henry :

Silas & Capt.

ONS.

MAY 29. aberebroke haociation.

BADk.

2/27

73-1/

1905 1:00

b. 222-11

b. " AT 2294

22

b. £

97. n

2. 100

*R

b. 700

9.45 b. 3 d.

3,00

"I"."

201305

Ко

b. 48

E

Cains Fire Inantation and shipping

Hoogkong Fire Insurance.

24.

200

670b

$70

33

3Я14

b 38

47 6.

n. 4.12

Miss Sarria

喝啤

30 п

1. 38

100 -

Bogan

100 N

D.

1:0

Mr. C._M_Hob

A. E. Jonson

#1 h

bu 83

17-1/4 д

n. 17

Mr J. R. Jones

200 .

n 255

Mr J. F. Joseph-

53

#.68

1) n

Fo-b

# 57.

Omb. E26-12 b

b. 18

T7b.

b. ↑

T 5-1/1 b

Tiz b.

21. n

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.b £44

Douglas.***

.K. Stonnibonta

Hongkong Tugs and Lighter

Todo Ohlsas (Prof.)

(Def.)

do

do. (H.E. Reg.)

Sboll Transport

Star Ferrles Water-boats

Oriental Nav." Co...

Vadinarias

China Bugar Malabon Sugar mining

Repgueta

Kallan Mining Adm Langkats. Shanghal Loans S'ha! Explorations. Ringle Langkate Rau be

***

Серь

A.K

R. & W. Dock

***

WK. Whacks

+

Shanghal Bongkewa ***

New Engineering..

S'hai Dook

Hongkong

Amusements

R. K. Engineering

A4 b

100 b

IRO

61130

b·118j sa X 3†-}16

T9.10 69.40 T1231 b

105

b 9: B

b 104

h147

*h 20 sa 91

D. 4

Kands, Hotels & Balidiars,

H.E.& hal Hotele 141 b 15's & sa. New- Hongkong Lands....

B.E. Realty.

te profil-suring scheme the Sonhook Wharyer, Godowns an Africus Government took 41,311,- 300 out of the balance of £2.373,400 carried to appropriation account, while the dividend was raised from 60 to 65 per cent, New State Areas, which did not begin crushing until May, 1923, showed a profit of 47.000 against a loss of £96,000 Most of the surplus, however, was absorbed by the debit balance of A reduction in prices over those £134,900 brought forward, by the prevalent when the machine was Government's "share of £117,700, sold through an agent in Japan is and by a sum of £90,000 for .com- announced with the formal open-missions on a debenture issue. Van fetarent allowed on Darrent Accounts anding of the plant at Yokohama: Ryn. Deep shows a profit of £388,000 The touring car now sells for as compared with 747,200 in 1923. Y.1,690 with starter and demount and the dividend is raised from 52. able rims; or for Y.1,475 without to 624 per cent. Randfontein these improvements. A roadster may be had for Y.1,685 with the same equipment or for Y.1,416 without these conveniences.

IN LONDON: The National Prayingisi A Usive Bank of England, Ltd.; Comptoir Nationel compte de Paris; Crelit Lyonnais 15 NEW YORK: J. P. Morges & Co., Freach

Amarlosa Banking Corporation; Gray To Go, of New York,

Befracted

Fixed Deposita according to strangement.

Krery description of Banking and Exchango

A. LECOT,

Managet. Hongkong, March 20, 1924,

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

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

... Yen 80,500,000

Head Omco-YOKOHAMA.

Branches and Agencies at:

Batavia.

Bombay.

Buenos Ayres.

Calcutta.

Changchun,

Newchwang. New York Danka. Peking. Rangoon, Rio de Janeiro. Tengtien (Mukden), Saigon.

Dairen (Dalny),

Hamburg.

Hankow.

Harbin,

Honolulu.

Kai Yuon.

Kobe.

London.

Los Angeles. Lyons.

San Francisco. Seattle. Shanghat

Shimonoseki

Singapore.

Sperabaya.

Sydney.

Tientsin. Tokyo Manila.

Tainanfo, Magasaki.

Tsingtau Nagoya

Vladivostock. Interest allowed on Current Accounts.. Deposits received for fixed parlods at ates to be obtained on application.

'C. ARIMA,

Manager. Hongkong, 11th March, 1925.

Estates increased its profits from £305.700 to £701,100 and paid a dividend of 15 per cent. against nil in the four preceding Vers. Trucks and tractors also will be Langhagte Estate aid the Witwatersrand Gold Mine each show a reduction in profits, and the dividends are reduced from 173 to 124 per cent, and from 273 to 17% per cent, respectively,

*BRITISH MALAYA;

of

mer-

asssembled at Yokohama.

THE BOOTLEGGING BART.

Says Truth-Misfortune has overtaken the enterprise of Sir Brodrick Hartwell, the "hootlegging bart.,"

whose up- peals for capital to finance.the ship-

The comparative statment ment of cargoes of whisky to the the total value of foreign United States have so often been chandise, excluding parcel post, noticed. According to reports in imported and exported into and from the daily papers the bulk of the British Malaya during the first four last shipment was captured by months of this year and 1924, issned Prohibition officials, and Sir Brod by the acting. Registrar of Imports rick, who went to America to and Exports, shows considerable look into the matter, has cabled to mcrease in both sections. With his London office that he has found regard to imports, the increases an appalling situation, adding amount to $66,405,000, and the in- Communicate to inquirers with crease in exports is $57,096,000. deepest regrets.”* Presumably this The increase in April was consider-

is meant for those of the hundreds ably larger than in any of the three

of investors in the scheme, who are preceding months.. -

waiting for the promised big profits.

If they have lost their money I do not think they will get sny sympathy, for it was not merely a risky but a discreditable business.

RUBBER PRICE AVERAGES.

RUBBER COMPANT HOARDING.

Bitter complaint is being made. to us, says the Straits Times," of the manner in which cer tain rubber company directors are The price averages have hoarding money which belongs to undergone a sharp change since shareholders. Our attention is the'

end of February-April spécially drawn to some of the quarter when the local average companien Punggor chay paid no was 67.338 cents, and the London dividend for four years. At the 16-7417d Those giyen below meeting held in September

are for the first twelve business Chairman stated that at the end

days of the new quarter.

Lan Singapo

London

of March, 1924, the company had

2.8448 conta 250,000 liquid assét

8.09750.the improved outlook

Humphreys Estates Kowloon Landa Princes Building... HL.K. Territoriale... Eural Lande..

Patton Mills

91 n

10 11

15

10 a.

Rwo Cotton Mills, Ltd. ... T 13.30 n Kung Yika Laou Kung Mows... Orientals... Shanghai Cotton Yangissepoos... tiscellaneon,

Cements Demente "Combined

China Lights (Old)

.. 8-1/2

2. Fall Capt. I. Siquand

Misses A. & F. Mis M.T. Jongg

Hamilton Mr River

G. A. Hanziman Dr. E. F. Sommari

Mrs E. Sparke

Mrad Mr. A. W. Mr L. Sahin

Pontianak

Bah

Djamber

Robe Modan Pecalor gam *Hangoo

Shanghof

Hoerakarta (Solo)

W- tevreden

LONDON BANKERS- National Provincial Bank, Ltd. Correspondents all over the world. BANKING BUSINESS OF EVERI DESCRIPTION.

M. J. HERBSCHLEL,

Agent.

Hongkong. November 4, 1924.

司公理營業實法中

SOCIETE FRANCAISE DE CERANCE

DE LA BANQUE INDUSTRIELLL DE CHINE. ETABLISSEMENT FRANCO

OHINOIS.

(Incorporated in France).

5, Chater Road, Victoria, Hongkong. HEAD OFFICE: 74, Rue St. Lazareų Paris.

Subscribed Capital fully

paid-up

Reserve Fand

Me and Mr. L. A.

1

Tobina

Mr T. C Todd

Mr J. H. JohnstoneMr H.-Wafkas"

Mr A. Wilhame

Mr J. Willes"

Mr and Mr ́d. A.Ur Samael! Wong

Aliaedia-h

Laurlison

Mr and

Mr G. a Wortener & child

REPULSH MAT NOTEL

May 21,

Mr & Mrs A. W. VanMr and Mrs :B. J.

Adal & bild

Lacon

Dr W. P. Astenborg Mr E. W. Latt

Mr and Mrs. A.EAM; & Em E Land

Φωτιστού

Mra W. W. Mook

Mr Carley

Mr Murray

Mr

Mrs and Miss L. 8.Mr J Otli

Bili

and Mrs J. N, HF A MTE A, D G- Purlar

loway & daughter Mr & MraT. Achryve Mr. Godison

Mr W. G Simpson

Mr and Mrs Charter Mrs. Simpoo a

Haworth

Mr & Mr W. C.

Mr and Mrs M T. Vander Steam Herzischiold &chldMe & Men Townend Mr and Mrs Hinc Me Lau Chan Wan

Men M. X. Wilson

PEAK HOTEL.

May 21

Dr. W. Anderson Misa G. Kennedy

M 8. A. Aribar Mr. M. P. Key

| Mr F. Austin Mrs L. E

Miss E. B. Bally

Dr H. Balcan

My J. A. Burton

alte Mr and Mrs 1. B

FIL

Mr and Mrs 8. E.

3. 60 New 33 and Mrs T. G. Langeton

+ Bennett

b 11}

T. 3,00..

b #

T 57 n. New T J ̧s.

M

#t. Now 9 n.

tn

in 18-1/2 Sow a. 8 (Comb. b. 271

B

- 20 Comb sa 39

. 24 1/2 m2 do (New) 27 n. Comb 231 = ...

Combined...

n. 80 Cent

47 n.

Obina Providenia.25 . Now 14 H.K: Developmen ba Providenta Dairy FLK. Electr

MACHO

do

PA

104

--

A be

61 #

L

18. New 10.90 m.

-

and Carton Ico Hongkong Boy...

hopes Combined Hongkong Tramway.. Peak Tramways (Old)... EDHD.

(Nsw) Watson' W Powalls Laan Orawforda Canton lou

F. Cometanetion Nanyang Tobsood Hinoere Mackintosh

H.C. Tari China Basos

Trims

www

Blagapiora Teams.

Dot Wing fully pald

Dog osid United Aberto" (Founde

(Ordi

*** 9-12 a...

14.15 1.

17 m

*** 7-1/2 b.

21-1/2 n b

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b. 60 Date Corb. 48-1}M

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b 17-18 Men 13 b

b39 sa 87-39)

b. 23.

b. 8.10

(0 $2 Waw ni 91-IN

LILLIAN GISH

in

"THE WHITE SISTER"

The

nd

Bridger

Mr E. LareA

*

Fra. 10,000,000 Fra. 10,790,

Working fund provided by

THE BANQUE INDUSTRIELL

DE CHINE,

Paria:

Fra. 50,000,000,

BANKERS:

Soclete

Generale,

Banque

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

London: Midland Bank, Ltd.

New York: Irving Bank Columbia Tru

Co,

Every description of Banking and › Exchange Business transacted. Corre spondents throughout the world.

M. FITZ-HENRY.

Manager Hongkong, 18th February, 1925.

THE BANK OF TAIWAN, LTD. (Taiwan Ginko.)

Incorporated by Special Imperial „,

Chartor, 1899.

Capital Subscribed Capital (Paid-up)

Ressive Fund

Yen 60,000,000 Yen 59,500,000

Yen 12,980,000

L

HEAD OFFICE: TAIPER, FORMOSA.

BRANCHES

JAPAN-Tokyo, Yokohama, Kobe,

Osaka, Moji.

FORMOSA-Giran, Kagi, Karenk Keelung, Makang, Nanto, Pina Shinchiku, Talchu, Tainan, Takow, Tamsul, Tobyen, Ako.. CHINA-Shanghai, Hankow, Kinklang.

Aoy, Foochów, Swatow, Canto OTHERS. Bangkok, Hongkong, Sings-

*pore, Sacrabaya, Semarang Batavia, Bombay, London, New York.

LONDON BANKERS:

The Bank bar Correm ndante fa, the Commercia Casured in the European Continent, Rua Ma Fellypina danda, Java, and Dutch India, Aus aharia Tangtan, Japan, Tado-China, Bisza, India, raba, Amerion, Atilos, do,

Mre P. W. Mr and Mrs G. D., London County Westminster and Blackwell

Leya

Parr's Bank. H: W. Bourne Mist Leyn Hr M. J. Broon Major As B. Lättio- His P. W. Brown ... Johns Me and Mrs R. & Mr M B Lloyd

Mr J. D Lloyd Mr S. D. Carothers Mr and Mrs W, Capt. &.Hire J, 0.5

Бока Carpenter Mrs J. Maáinsh MR. L. Clark Mr R. Mallar My EH.. Ulaland. Me JV. Mfiloe: Mt's M. Cooper, Mr H.. A. Mills -- Mrs I. E. Cormack Mr E B Mimmsok Mr and Mrs W. A. Me and Mes - J.

Cornell

Krogh Mon

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Mr and Mrs J, D. Capt. & Mr R A. 7.

Mos traero Danby

Lt. Col." R. 4. Dob-Mer 0. L. Horne (

Mr and Mrs W. N. Mr N. 7. Donald H. Hurdook

Mr and Mrs HL.

Edwards

My and: Men W.

AMiss E Mardock

Aholme

Envtace Mr.W. Ogden

Mr R. E. Farrell

Me An E. Pena

* Tits-Me And Primsal

LED rua. Buningiom

Mär D. FitaGoald Ke A, Bibsho

Miss M. Forbes Me W. B. Bolerk Mr.R. J. W. Fortar Mr B EL Skalion Mexrid. Mes 7. P. Mrs &%Ang GTM

Franklin in Blubbingi Léa, C. Frodorlek Mer Ket EF. 1 „Ma and Mrat MERA

Asters allowed on Caritat Accounts, and Theod Deporte AƐ Zała which will be spoten en applies-

Z TAMAMOTO, Manager.

HONGKONG. BRANCH:

5, Des Vaux Road Central Hongkong, 5th June, 1924,

:

THE BANK OF CHINA 銀國

(Specially Authorised by Presidential Mandate of the Republic of China

on the 22nd of November, 1917),90 Authorised, Capital Paid-up Capital Reserve Fund...

$18,279,600.0||| $19,529 436.

HEAD OFFICE: PEKING.

HONGKONG BRANCH: QUEEN'S ROAD CENTRAL Branches and Bub-branches all o China and Correspondents in Euro America, and other parts of the world London Bankers The National Próvis cial and Union Bark of England, T28 The Guaranty Trust Company of a

Ydek,

New York" Bankarier The

National BanE The Equitable Trust Comba)

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