Page
HONORING & SHANGHAI
BANKING CORPORATION.
MA
Head Ornice. Honaxona...... AUTHORISED: CAPITAÚ......... $50,000,000 (650AD, AND FULLY PAID UP 320,000,000 RESERVE FUNDA
STEELİNG....! £ 4,500,000. SILVER.... $26,500,000 RESERVE LIABLICY OF
PROPRINTORY.com)
*$20,000,000
COURT OF DIRECTORS:
G. M. Young, Esq.—Chairman.
E. P. Whito, Esq.-Deputy Chairman,
W. H. Bell, El. Hon. Mr..A..O). Lang. D. G. M. Hernard. Eng. W. la Pastendes, Roo
...... 4. H. Compton, IG. 1. A. Plummer, Eq. Hon Mr..H.Reljönk: T. (.. Wmall, Ber
CHIEF MANAGER:
A; H. BARLOW, Esq.
COMMERCE AND FINANCE
WHO OWN THE "BANKS ?
SMALL AVERAGE HOLDING.
Manager: Shanghal G. H. STITT, Esq. Fists,
LONDON BANKERS. Westminster Bank, Ltd.
CURRENT ACCOUNTS opened in LOCAL CURRENCY and DEPOSITS received for one year of FIXED shorter periods in Local Currency and #tarling on terms which will be quoted
application.
Hongkong. May 20, 1335.
NATIONALISATION FALLACY,
(To the Editor of The Daily
Telegraph),
EGGS.
THE CHINA MAIL
RUBBER RESTRICTION.
TIME TO REGRET ACTIONS.
not Ingrossing to an extent walk [Out" to "WATTant an incrHRSG in stocks. But however tras it might be, the demand cannot be fostered, unless the consumer is assured that he is able to purchase in a free market
panded
WEDNESDAY
premium income an increase at 828 of interest garned was £4 18 per cent, and the net, rate of pense was 88.10 per cont. The increase in the latter item was due to the substantial increase in busine
America, which is the largest user of rubber in the world and therefore the chief sufferer, may perhaps some day decide upon apartment amounted to £495,772, of
Premium increase in the Fire De course which will eventually leave which £281,914, or 58.04 per cent. those who at prosent control our was absorbed by losses paid, eto. rubber policy plenty of spare Commission and management ex- time in which to regret their penses again took 89.6 per cent."of action."
premium income, and the outcome
INSURANCE NOTES.
PEARL ASSURANCE COMPANY.
EXCHANGE
Hongkong, at June 1996. Bank. Wire...
BANK OR EAST ASIA
LIMITED:
'HEAD" OFFICE» HONGKONG Authorised Capital$10,000,00 Paid-up Capital 5,000,000 Beierre Fund 1,000,000
DIRECTORS
Hon. Mr. Chow Shou Bon-Chairmant Fung Ping Shan Mok Ching Koog EI 11 Koon Chun Wong Yun Tong Park Amok Huynh Thi Ng Ching Lak Kan Ying Po Pong Wai The Chan Ching Shell Every description of Banking" Exchange business, transacted.
SAFE DEPOSIT BOXES to l KAN TONG PO
Chief Managen. Hongkong, 16th February, 1985.
NEDERLANDSCHE HANDEL:
~MAATSCHAPPIJ: (NETHERLANDS THAVING, SOCIETY.) MARTIN 189
-
Four FASOM ESTARLARI 1906
athorised (spital.150,000,000 £12 500,008 Paja-Ly Capital „G.. 80,000,000 £ 8,888,829 Karri Fund G. 20,045,08% 61,670,42 Special Reserves.G. 22,580,000 £1988,838
HEAD OFFICE-Amsterdam KASTERN HEAD OFFIOR-1 ateri BRANCHES:-
In lafluential quarters it ja hold that the time has come for the WHAT COULD BE DONE.
removal of restrictions on rubber output. There is a keen public 1. It is gratifying to note that a
interest in the subject in these "Wake up, Agriculture"
days of universal motors and the move-
innumerable other manufactures In ment is in progress."
"Few people have an idea of which rubber is used. No man is the vast importance of the egg better qualified to lead the discus- trade. During the twelve months son than Sir George Beharrell, Sur--Recent discussions on the coding December 31 last we, im- managing director of the Dunlop ution lisation of banks and the ported from abroad over 20,000,000 Rubber Company, who raises vital proposals made at the recent La long hundreds (that is, 120's), of questions,” says the "Daily News." dependent Labour party conference a value of more than £15,500,000, and in an article published in that
of operations waes surplus, includ-rated on approved securities. Ling interest, of 461,918, Accident ull appear to be based on the no-in addition to this we imported newspaper Sir George Beharrell
business also yielded a surplus. Humption that the banks are the more than £2,500,000 worth of forcibly states central citadel of the great capital dried and liquid eggs" writes Mr. With stocks short and supplies,
Total income for the year amounted to £10,200,589, an in. Mr. Ramsay MacDonald has T. Brown, the Westminster in part, artificially controlled, the At the annual meeting of the crease of $699,647, while stated that he is not an enemy of Gazette poultry expert, and position is dangerous to any Pearl Assurance Company held at funds have been augmented by the capital, but that his lipathy is to lacturer at the Royal Agricultural manufacturer who would attempt to the beginning of last year, the £3,879,428 and now total £38,289,- the large capitalista. I pointed College, Cirencester, in the news ture some time ahead. Moreover, it that the year 1924 would result in been even more pronounced had not
visualise a programme of manufac- Chairman took comfort in the hope 764. -out some weelte ago how extensive paper named
This increase would have is the number of small investors in The home crop of eggs-those comparatively easy to restrict a steady betterment of the national £200,000 boch applied to writing
the sensible hope that both the brings the total quantity of eggs reverse operation, as the provision be desired, the Chairman, at the re led securities, and I expres produced in this country-were rubber supplies, but it is rather welfare.
If this hope has not been down investment valued at about £14,000,000, which more difficult to bring about a fulfilled such a measure sa could units of the investments would consumed in this country In a numbers of the investors and the
of additional rubber requires, say,cent meeting, said that there wa grow, is assumed in the case of dagle year -to woll
seven years of preparation. over Bank's that they are owned and con- £30,000,000.
"It is not
no reason for despondency, but unreasonable to rather solid grounds for a reasoned On Load Brolled by immensely
When it is remembered that assume that to meet some sudden hope of atill further improvement, wealthy pitalists. This as well that the Great Britain amounts only to rubber might be needed in the business, of course, is the steady. the total annual wheat crop of development large "supplies "of The first requisite of insurance HONGKONG SAVINGS BANKebun facts should be examined und £18,000,000, the importance of the near future, but that on account of and remunerative employment of
mide widely known. Those who Z business of the above Bank are conducting the campaign in poultry industry may be realised, the policy pursued in the last few the nation, and a nearer approach "We could easily produce all years adequate supplies would not to that condition is marked, in the conducted by the HONGRUNG↑ [avour of what they call mitionalia-i AND SHANGHAI BANKING OR Bing the bunks should understand the eggs required in this country,
be forthcoming. Hence BORATION, Rakes may be obtain that the bulks are owned, not by and thus divert great sums of stitutes would perforce be found. On application.
a few rich men, but by an immense money at present flowing into the and consumption of rubber suffer med er ofindividna, shreholders, pockets of our foreign rivals into a serious set-back.
d that the average holding is re-
the pockets of our own farmers
one will deny that murkably well.
and smallholders.
there is slowly increasing demand "At the moment there is not one
for rubber. of the five
Many Countries Then per acre of cultivated land;
which before the
war were the number could be increased large consumers are 哋 capital.
beginnlog fcurfold without the displacement to re-enter the world's markets. .. Dopositora may transfer at their
has 51,011: option Balance of $100 or more to the shareholders, miking an overage
of any other class of live stock. With their currencies on a more HONGKONG & SHANGHAI BANKidung of £800.
"But farmers and smallholders stable basis they are striving their to be placed on FIXED DEPOSIT #t
Jalayas last a pud-up expital of must be given some encourage utmost to increase their foreign CURRENT RATES.
£14,572,066, with 55.005 share-ent. With eggs at a shilling a
trade... holders, making an.
dozen, or less than the cost of pro- 8258.
Midiand has
'people will extend their flocks. Leapital of #18376,899, with 55,250 should do as the South African and To this end the Government [shareholders, makinig an average other Governments are doing, and
The Nation Provincial is a
that is to advance money to farmers and smallholders on the security of eggs in storage. 11603 areholders, making an avenge of 25.
יין
INTEREST on toposita la calculatof on the lowest balance during each com plated Calendar Month at 3 per cent. por annum. Should there be no bilanse en any day in a month no interest will be allowed for that month,
For the HoHONG & Sasana
HANNING CORPORATION,
A. II. BARLOW,
Chief Manager. Hongkong 7th January, 1925.
THE CHARTERED BANK OF
Here are the figures big banks ----
Burelays Is
£15.992379, and
of
average f
INDIA, AUSTRALIA & CHINA. of £9.471,416, with
INCORPORATED BY ROYAL.
CHARTER, 1853.
HEAD OFFICE
LONDON.
Paid-up Capital
Reserve Fund
.£3,000,000 £4,000,000 13,000,000
FOREIGN EXCHANGE and Genoral Banking business transacted.
Reserve Liability of Pro
priotors
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year
£7
1
The Westminster has a paid opitat.of 2,051,718, with 69,86 shareholders, making an average of €130.
The total ail-up capital of the Ave is £60,473,352, and the amongt
£210.
No
sub-
Against this we find a very considerable reduction in stocks.
of the Fear by an increasing volume of business in both of ite main branches.
"༔
P
+1
n
On demand... saday's right.
31/6
Credits 4 months sight 1/5-
4 months' sight 3-
Pa
demand..
Bandar Calestia
Bandowng Bouche
Chedbon
Dumbar
The Hague Kobe
Documentary, 4 months vient 2/4
Djakjakarta
195
Macwear
Credits, 4 months' righe.1195
Padang
!.. Palembang
Penang
деце
nom.
Bottari
Singapore
Tags
The New York In demand
Credits days nubi Wire
In the Ordinary branch 40,604 total of £7,905,531, and an average on Bombay policies were issued, assuring a
of £185 per policy, compared with £190' in 1923, and £182 in 1990. | . Da demand Premium income at £2,910,948, was £262,469 higher, while the net
Op alonita-
Wire
- Аненер ute of interest earned was £4 138. 11d. per cent. The expense ratio was practically the same at 11.79 per cent. These, results are the more satisfactory as the main opera
in industrial business.
The latter department again
duction, it is not likely that our It may perhaps be urged in defence tions of the Company are centred
even
Bankers are always willing to warehouse receipts. Why should advance money to traders against not the Government-or some of our more progressive banks adopt a similar plan for the en- couragement of "poultry farming? "Penty of poultry keepers would
of the average holding works out able to store their surplus eggs for
As to the director, they Ilding up too much money.
te next winter, but it means lock- With their posts in a fiduciary capacity, Government assistance, however, and on the whole it may be said twould be a simple matter. but they are selected and confirm-
as shorter period at rates which will be in their posts because they are uoted on application.
not only trusted by the share holders of the banks, but their in- tegrity jacknowledged by number less depositors and borrowers.
The effect of nationalising these
A. H. FERGUSON, Manager, Hongkong. April 15, 1925."
today on a huge scale, but it is "Egg preservation is carried out not the producer who makes the profit. One concern last year pre- served over a million eggs, buying them in April and May, when they were worth a penny each, and sell-
BANQUE DE L'INDO-CHINE. banks would be to buy out the tensing them in October and Novem- of thousands of shareholder and ber, when they were worth 4d, to HEAD OFFICE:
with what object? It would change 4d. But the producer received 06, Boulevard Haussman, Paris. the ownership by this very large only his peany Bubscribed Capital. Fr. 72,000,000.00 number, whose average holding is who requires help, not the middle. It is the producer Paid-Up Capital Fra. 88,400,000.00 only 210, for ownership by the man, and this can only be done' Reserve Fund ...... Fra. 59,667,283.54 BRANCHES:
State, and it would presumably with Government aid.” Hongkong
Badgon
change control hy the directors, Hamngaj
who may be regarded as experts, Bingapore for control by one or more Govern Timelin ment Departments, and ultimately Touran
by the Cabinet of the day. A Yunnanfa
Cabinet is not, and never will be, composed of men who know the
Bankok dattambang
Mote
Chatoa
Noutra
tiboati
Papeete
Sd hoog
Peking
Saitor Bano!
Prom-Pad
Pondicherry BANKERS:
. PORTUGUESE CONSULAR
FEES.
HEAVY DOCUMENTARY' CHANGES.
Shipping agents are finding it
IN FRANCE Comptoir National d'Escompte highly specinted business of bankdilailt to explain to their cliente de Paris; Credit Lyonnais Banque de Pari eting.
Societe General
interest allowed on Current Accounts and
Fixed Deposite according to arrangement.
very deseription of Banking and Krabangs Bas' transacted.
A. LECOT,
Manager. Hongkong, March 20, 1924
Still less is a Cabinet ever why charges for legalisation of
of this policy that the demand is
LOCAL SHARE MARKET.
OFFICIAL QUOTATIONS.
10.30 AL
JUNE 1 Name
Bank
Stxk Exchange.
H.8.B.C. TT. on selling rate
London
2/3 73)
and on Shanghai in Hongkong Bank 1230 London-144 sa Ohartered Bank
210/2 1, Mercantile Bank & B 298-1/2 b...
do.
Marine Insurances
P. & O. Bank. Eist Arla, Bank
Canton Insuranos... Okins Under
Tire Insurances
JUNE 2 Sharebrokers' Association.
Bank:
/S 731
b. 1783-
b. £21.1/
b..54€991
h. " e sj
b 150
b. 80
160
יד:
0 £13-1/8 h.
+
£110.
97) a
TH
D. 100
160
·K 730.
1.85 b.
↑ 2.9) 14 4
North China Insurance Caion Insurance
$140 0.
ཐ 141
385 **
Yangtase Insurance
80 b.
China Fire Insurance ... Hongkong Fire Tasarance... Shipping
200 b.
670 b
&
38
38-1/2 a 17-1:
38 n.
D. 18
100 6.
100 a
IM
}
84/- 1891 an
8g b
17-14
n 355
+
Douglases...... B.B. Btembosta .... Hongkong Tuga and "Lighter" 4/5 Tudo-Chinas (Prof.).
do
do.
(Del.)
(ELK. Reg.)
Sbali Transporta' *** Star Ferries.. Water-boats 19 Oriental Nav. Co.
Refineries
China Sugar
Langkats... Abanghal Loans S'hal Explorations.... Bugle Langkate Baubs Tronoh Mines Ural Camp.
255 m.
Be
Malabon Sugar
lain
Benguete
Kailan Mining Adm
20% b. Comh. T16-11 T704
n 57m
t
T5.h.
T1185 be
+24 44
the +4
1. D.
190
b
₺ 190
+
b 114)" 115
Tah. 9.30 T128 b.
b 197
100
כד
Les Pays-Bas; Credit Industrial at Commercial likely to understand the difficult doments are heavy for goods con- IN LONDON The Netional Provincial & business of leading to suitable bor-signed to Lisbon, Oporto, Madeira, Valea Bank of England, Ltd.; Comptoir rowers of varied character reuson- und Portuguese Africu. These Netlaat d'Escompts de Paris: Credit Lyonnaisable nounts, for sound business charges add to the prices which are TE NEW YORK: J. 3. Morgan & transactions of every kind, with as eventually paid by consumere at Franch Ameriosa Banting Corporation; Guenasy Tran Co. of New York,
Ettle risk of loss us may be avoid; } final destinations before taking into ed by prudent and well-informed consideration the import duties direction and management.
which must be paid at parts of dis Donks Wharres, Godowns, 20 The change in ownership of bank charge. To legalise invokes, etc., atock need make little or no differ- at the consular office concerned in
B. & Whart ence to the policy to be pursued.Liverpool, for instance, a fee is
9. &W. Dook at A change in bank policy could only charged equivalent to 4 per cent,
Bhanghat Honxkwww be secured through the directorate. of the invoice value of the goods.
New Inginerings. Nationalisation may mean a trane In the case of consignments valued
Baal Docks fer of control by the directors, who at less than £25 a minimun fee is are actuated by commercial and charged amounting to anything Anancial principles only, to control from 4 per cent, to either by politicians, who direct Shipments to Spain are treated st per cent. bank policy for political purposes, their Consular offices quite differ- er by persons appointed by, but ently, as a standud fee of consider- with no instructions from, the ably less than ten shillings is fixed Government of the day, In the for legalisation of documents on hattor case the present directors or goods consigned to Spain, Canary men who have similar knowledge Talands, Spanish Morocco, etc., and are of similar integrity would irrespective of the value of the have to be appointed or reappoint goods. The increase in the cass ed to direct the banks.
of Portugal (from one half per cent,
THE YOKOHAMA SPECIE BANK, LTD.
Established 1880.
Reserve Fund
Capital (full pald-up).. Yer 199,000,000 Yea 80,500,000 Head Office:-YOKOHAMA. Branches and Agencles at:,
Batavia
Bombay. Buenos Aуros.
Calcutta.
Changchun.
Dairen (Dalny). Fengtion (Mukden).
Hamburg Hankow. Harbin Honolulu Eat Yuen Ms Lobe.
London
Los Angeles. Lyons,
Newchwang. New York,
Diska,
Peking. Rangoon,
H. K. Engineerings Lands, Hotels & Buildings. H.K. S'ha
Hobl Kongkong Lands B.K. Realty
Compre
Estabe Zanzia: Friness Balding... H.K. Territorial Dotton Mills Rural Lands
198
150 a.
110
"I b.
.1.
w 10 B
Ewo Cation Mills, Ind.
T 11,30- Kang Yla Lou Kang MowEME Orient Shanghai Cotteme
The change, indeed, to what is to 1 per cent. and then to 4 perso called nationalisation of the banks cont.) has been brought about duration Lool le appears, therefore, to be unneceeing the last two years, and amounte sary, and if it is to be a charge to to a serious burden on trade. Com political direction it might become pared with the above figures traight corrupt, and would be very danger and insurance charges are com-
Certainly nothing can ba Siimonoseki 1 gained by turning the ownership freight top to. Lisbon fees 68. for paratively low, being 50s. per
Rio de Janeiro. Saigon. San Francisco. Seattle. Shanghai.
Singapore.
Socrabaya.
Sydney, Tientsin.
Tokyo. Manila.
Trinanta, Nagasaki.
Tsingtan. Nagoya
Vladivostock. laterest allowed on Current Accounts. Deposits received for fixed periods at bates, to be obtained on application
O ARIMA
“Manager. Hongkong, 11th March, 1925,
FINE" JE
dding Blogs
QUS,
of the banka over from their large carpete) and 30s. to Madein for numbers of prostietors, with com freight, and about 12s. 6d, per mratively small holdings, to the cent for insuranco effected on State, whether the State is to be textile with full cover represented by Bank Commis sbmers, or a Government Depart ment, or a Cominittee of the Cabinet or a Committee of the House of Commons-Yours, etc.,
WALTER RONGIMAN
London, April 23.
Father So you have made up your mind to marry, have you, my son? I presume the young lady you are about to wel knows alt bout housework and looking, after the wants of a family
pa
The Youth You bet she does, wish you could we & fluffy dog thes mada for s bezata last week and Hoe butterftes,; the pai
PREVENTION IS BETTER than oure Protect yourself against sickuer with the aid, when needed, of Pinkettes, the gentle little laxstires which enze daily regularity and keep Gently but 'aurely Pinketten dispel com- the liver la good working order.
PINKETTES
+
ان
T. 3.90 m.
n. 00 w 35 in.
Carmen be
21. a. Now $1 Comment *Combined
06-13-15-27-325-60-973 | Chias Lights (Old)
25-1/2 22 do (New). Comb 22] w hies Providercle 75^#." Were 14 n. China Providenta Combibed -47 14 H.E. Derslepenent
Hongkong Amusements Hongkong and Cantons Lons Hongkoer
Tew 10.20 z
én 10-12 New'n. 0° Comb, b7}
Bww n. 30 Comb b34 (m. 144 Now 12 n
· Goenbun '65-19 b. 50 Caple
1791.278-79
\_\_b_27-1/4] Maw 10 b.
Ons dienrand - fm Many
Ou
not
107.
Shanthai
On duinand...
SOUS
days'slight (private paper):
Da Yokobegin-
On demand...
1314
Gold Leat, 100 Ano (per taal)
Sovereigns (Renk a buying rate) Bilor (parna.)
Al
Hongkong encite not.
10
Canton cons Bar Silver in Honkun Chinese Onpper Wash Chiners Copper Conta Rate of Native Law res Chinese Bab, Coin Hoogkong Suh. Ooln..
-
dia. 1%.dk. 47 dila. .1840%, dia. 10% pm, 1 pm.
5% pm.
117% out
34% dis.
1% dia.
THE MERCANTILE BANK OF INDIA, LTD.
19, Gracechurg, London; E. O, J.
Authorked Capital
.48,000,000
Subscribed Capital
1,800,000
Faid-up Capital ......
1,050,000
Reserve Fund
1,300,000
BANTERS:
The Bank of England Midland Bank, Lid,“,
Bangkok Galla
ARAXGIFS
Kanin Imapur Bagon Shangha Mitsh Slagspore
Bataria
inongkong
Madra
Soc
New York
Caloston Lady
Pring
Dalon archi Baki
Fort Louis (atrium)
Barabaya
BONGKONG ZRANÇA
Every description of Banking and Exchange ban-
viranota
Semarang Boers.ba
Tillain
Medan Pector-gaz
Rangoo
Shagbal
Boerakarta (Bolo)
1 tevreden
LONDON BANKERS:
National Provincial Bank, Ltd.
Correspondents all over the world. BANKING BUSINESS OF EVERY DESCRIPTION.
M. J. HERBSCHLAE,
Agest
Hongkong, November 4, 1924.
的公理管業實法中
SOCIETE FRANCAISE DE
GERANCE
DE LA BANQUE INDUSTEIELLA DE CHINE.
ETABLISSEMENT PRANCO .CHINOIS.
(Incorporated in France).
5. Chater Read, Victoria, Hongkong HEAD OFFICE: 74, Rue St. Laxare, Paris.
Subscribed Capital folly
paid-up Baserve Fund
Frs. 10,000,000 Fra-10,790,000
Working fund provided by
THE BANQUE INDUSTRIELN
Paris:
DE CHINE.
FTS. 50,000,000,
BANKERS:
Societe Generale,
Bazighe
Nationale de Credit. Banque de Paris et des Pays-Bas
London: Midland Bank, Ltd.
New York: Irving Bank Columbia Tradi
Co.
Every description of Banking agil Exchange Business transacted. Corre spondents throughout the world.
M. FITZ-HENEY.
Manager Hongkong, 18th February, 1925, ..
INTRELENT Miered on Current Account pl cat per agnes on Daily Faiance and be FiTHE porte as rafve this may be ascertainados applicsMOR
Qe Road Central -
Boston, Jary 85, 1935.
2. ROSS,
+
Acting Managu
THE BANK OF CHINA 行銀國中
(Specially Authorised by. Presidential
Mandate of the Republic of China on the 2nd of November, 1917).
Authorised Capital $60,000,000.68 $18,278,600.00
Paid-up Capital
Reserve Fand
HEAD OFFICE: FERING.
HONGKONG BRANCHS
4, QUEEN'S ROAD CENTRAL Branches and Sub-branches all over China and Correspondents in Europe, America, and other parts of the world London Bankers:-The National Provi
cial and Union Bank of England, Ltd. The Guaranty Trust Company of New
York
New York Bankers: The Irring
National Bank......
The Equitable Trust Company of New
Interest allowed on Current Accounts and-Fixed Deposits. Terms an applice tion.
Every description of Banking Busi nase transacted.
BANK OF TAIWAN, LTD.
(Taiwan Ginko.)
Incorporated by Special Imperial Charter, 1899.
Capital Subscribed.
Capital (Paid-up)
Reserve Fund
Yen 60,000,000 Ten 52,500,000 Yen 12,980,000
HEAD OFFICE: TAIPEH, FORMOSA.
BRANCHES:
Kobe,
JAPAN-Tokyo, Yokohama,
Osaka FORMOSA-Giran, Eagl, Earenka Keelung, Makung, Nanto, Pines Shinchiku, Taichu, Tainan, Takow Tamsni, Tokyon, Ako. CHINA-Shanghai, Hankow, Amey, OTHERS Bangkok, Hongkong, Sing Foochos, Swatow, Canton. pore, Soerabaya, Samarasa Bataria, Rombay, London, New York, Calcutta, :,"
LONDON BANKERS: London County Westminster and Parr's Bank.
The Bank Bar Carrospondentu ia the Commanda) Centres in the European Gentineut, mouth, Man Akeris Zangtan, Japan, Indo-China, dam, Indir
in Amation, Action, Adya Papples and Ava, and Dapchi inam, Ass-
Deposita ne rates which will be quoted on applica
-Kateret allowed on Currens Accruals, and Fluid
Z YAMAMOTO, Malaky Manager,
Loans granted on approved securities HONGKONG BRANCH: an Special faclikies for Home Exchange
DEUTSUYER PELVI.
Manager./
8, Dea Vortx Road Central:
· Hongkong, 5th Juja, 1924.
INVESTMENTS
ACTUAL INVESTMENT YIELDS TO OUR CLIENTS
In addition to borns and dividendia, Varlication possible. Instance No 18 Client 8 bought Hongkong Trama at $25.06; they are now $40.05. SMALL LOTS
We Buy Underwriters, Hôtels Small or large lots HK Amusem besta. 100/1000 Underwiltons" 500/1000 Realtim 50/500 Oldna Légita
da
10/100
Wa Sall [500fI009 Powelli
100/667
ம்
AND:
LOTS UPON,
SM LL INVESTORS
4