2
HONGKONG & SHANGHAI
BANKING CORPORATION.
HRAD OFFICE. HONOKONG.
AUTHORISED Capital.............. $80,000,000 ISSUED AND FULLY PAID UP $20,000,000 RESERVE FUNDA:--
STELLING... £4,500,000 SILVER...... $26,500,000
RESERVY BALLUFF OF 1 $20,000,000
PROPRINTORE....
COURT OF DIRECTORS:
G. M. Young, Esq.--Chairman.
COMMERCE AND
CANADIAN TRADE.
CONSIDERABLE GAIN SHOWN.
very
Ottawa, April 28.--Business In Canada is holding its own well, proof of this being seen in the latest statistical material.
Bank clearings for last week H. P. White, Esq.-Deputy Chairman. were $67,000,000 higher than for W. H. Bell, Kay, Hon. Mr. A. O. Leng, the corresponding month last year, DG.Mrnard, F. W. Pattondoo. Reg.
an increase of nearly 28 per cent. 4. H. Compton, Hwy. 1. A. Plammer, Eq.-
The increases were quite general, Has.Mr. P.B.Holyoak T. G. Wall. Mog.
for 27 out of 29 cities reported them.
CHIEF MANAGER: -A...II. BARLOW, ENG................... ..... ..
It la especially noteworthy that that every city in the east reporting Manager: Shanghai—G. A. STITT, Esq. had an increase, those in, the case of Toronto and Montreal being $20,000,000 higher.
The March bulletin of the Labour Department shows the percentage of employment to have
been approximately the same as during the corresponding month fast year, or, if anything, slightly better.
FINANCE.
THE CHINA MAIL.
Canadian "Anancial opinion is mach interested in the approach,
STANDARD QIL
The report shows that during April this year, the total number
THURSDAY, JUNE 11, 1925.
COMPANY REPORT.
of Philippine-made hats shipped to WHITEAWAY, LAIDLAW AND CO foreign markets was 70:364 valued at P262,707 as against 41,879 for the same month in 1924 valued at Among the seven
THE POSITION IN BRITAIN,
The Anglo-Standard Oil entente, of sterling to par. Its strength has to being carried a stage further by also been reflected in, the moves the purchase of control of the P127,067. ment of the Canadian dollar to par
there.
For the first time in the history
The report of Messrs. Whiteaway Laidlaw and Co., Ltd, for the past year states.
The 'accounts show a proßt of
THE BANK UP KAST ASIA, LIMITED...
HEAD OFFICE:. HONGKONG.
Authorized Capital Paid-up Capital Reserve Fund
DIRECTORS:
.$10,000,000
5,000,00 1,000,000
Wong Yen Tone Huyoh Tal
Hon. Mr. Chow Shou Son-ChairmNË,
Fung Ping Shan Mok Ching Kong Li Koon Chun- P. Kwok Ng Ching Lak Kan Ying Po Pong Wai Ting Chan Ching Shell Every description of Banking slig Exchange business tranzacted. ranted on approved socorities.
SAFE DEPOSIT BOXES to Tell BAN TONG PO,
Chief ManagWN Hongkong, 18th February, 1985,
NEDERLANDSCHE HANDEL MAATSCHAPPIJ.
(NETHERLANDS TRACING. SOCIETY))
In New York during the last week. British Mexican Petroleum Com- classes of Philippine hats, buntal £123,890 83. 5d, and, after provid- It is expected that the United pany by the new Standard Odf sub- assumed the biggest exportation Ing for the payment of the pre- Kingdom will soon return, to the sidiary-Pau-American Bastorn during April, 1928, there bolag ference dividends to December 31, 1924, and an interim dividend on gold standard, which means that Canada will do likewise, though Petroleum Company. The British registered a total of 62,443 in is the ordinary shares paid on Novem such action on Canada's part will Mexican is the fuel oll bunkering favour valued at P253.986 as ber 29, 1924, there is a balance of company formed in 1919 by Lord compared with 35,669 valued at £80,653 65, id, which the directors not be hurried,
The return of the United King Inverforth
and other shipping P117.494 during April, 1924, or a recommend shall be appropriated
as follows:- dom and Canada to the gold stan
To pay a final dividend of 5 per this year. dard should have a beneficial effect interests in conjunction with Mr. balance of P136,492 la favour of
cent., making 10 per cent per on the export trade of the United Doheny, and it now controls the States for ia proportion as their Agwi Petroleum Corporation, as
shares. currencies-approach to a parity in well as a petrol distributing con- of the hat. Industry in the Islandsum, free of tax, on the ordinary the United States the stronger cern, the Redline Motor Spirit url hat is now exported to To pay to the Trustees of the foreign countries. During last Employees' Provident Fund £1,000; becomes their purchasing power Company,
The Standard Oil of Indiana thus month 2,700 buri hats valued at and to carry forward the balance. between obtains a foothold in the British P678 were exported. Straw hats of £50,184 69. Id., to the next year's Canada, the United Kingdom and pottol market and fuel oil banker manufactured in Bulacan also account.
taking a ing facilities at all the principal showed a considerable Increase British ports. It is expected that Statistics show that during April
forth's interest in twill also take over Lord laver this year, straw hat shipments to the Lago foreign markets amounted to PB55 Corporation, which is now the as compared with P170 valued for
An Englishman and a Scotsman second largest shipper of oil from April, 1924. Hats made
of were travelling North together, bamboo also made an advance, and to pass the time indulged in a Venezuela
It should be appreciated that the having netted a balance of P77 togane of nap. On settling up at Anglo-American Oll Company favour of this year,
Carlisle, where the Englishman had will have no connection with the ! Among the five most important to get out, it was found that he San Francisco, California, April British companies to be control- exports of the Philippines, tobacco owed the Scot one shilling, and and steel, notably in vehicle a08 22.-The development of labour led by Standard Oil of Indiana. registered a considerable decrease penny.
Ho paid the shilling, but found Kal Rada rolling mills, and in lumber, clay, banks,, conservatively operated for The Anglo-American is a sub- in the foreign export of the Islands AND SHANGHAI BANKING glass, and pulp and that he had no coppers.
ex. A-weel," said the Scot, "nover Rotterdam mind I'll just be takin' your stay.or evenin' paper
LONDON BANKERS. Westminster Bank, Ltd.
CURRENT ACCOUNTS opened in LOCAL CURRENCY And FIXED DEPOSITS received for one year or horter periods in Local Currency and Starling on terms which will be quoted
application..
Hoogkong, May 20, 1935. -
HONGKONG SAVINGS
In the manufacturing industries there has been pronounced re. covery during the last month, their staffs having been increased by BANK.nearly 11,000 workers.
The largest gains were in iron
business of the above conducted by the EONOROX
to
PORATION, Ralos may be obtauen. on application,
INTEREST on deposits is calculatis
on the lowest balance during each com. pisted Calandar Month at 3 per cent. per annum. Should there be no blazer on any day in a month no interest wil be allowed for that month.
Depositors may transfer at their option. Balance of 8:00 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPUSIT at CURRENT RATES.
บ
BANKING CORPORATION;
while on
and rubber works. The Improve» · ment reported a much less extensive, April 1, 1923, there were large reductions in personnel.
Trade settlements
the United States
Irlangular form, the movement of these currencies is of much in terest in this country.
LABOUR BANKS.
NEW ERA BETWEEN CAPITAL AND LABOUR.
year ago was increasing participation of wage earners in investments, are seen by Don D. Lescobier, associate pro fessor of economics, University of Wisconsin, as the salients of a aligament between capital new
During March there was a sub. stantial increase in the value of building permits over those for February. The increase in their value during the first quarter of this year was 10 per cent over that for the corresponding period last
year.
Pig iron production during For the Homero & SalMarch was 69932 long tous, or more than the combined outpyl during the first two months of the year. The foregoing information dispels some of the gloom that some are all too prone to depict.
A. H. BARLOW,
Chief Manager. Hongkong 7th January, 1925.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
INCORPORATED BY ROYAL CHARTER, 1858.
HEAD OFFICE: LONDON.
.£8,000,000 .£4,000,000
.£3,000,000 FOREIGN EXCHANGE and General Banking business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year o shorter period at rates which will be
Paid-up Capital
Reserve Fund ...... Reserve Liability of Pro.
prietors
quoted on application,
A. H. FERGUSON, Manager. *Hongkong, Aprü 15, 1925,"
Subscribed Capital Fra. 72,000,000.00 Pald-Up Capital ... Reserve Fund
ERRATIC GRAIN PRICES
The International Paper Com pany has awarded contracts for the extensions to its plant at Three Rivers, which will bring its total capacity up to 700 tons of news print a day. Eight machines will be operated when the new plant is complete. When in full operation
mill
a labour.
Speaking before the Common- wealth Club of California, Dr. Lescobier pictured the labour union as decadent, and the advent of the open shop or so-called American plan, as Indicating. labour's changing attitude on collective bargaining
Founding of the Mount Vernon Bank in Washington, D. C, in 1920, by the International Associa tion of Machlaists, started a new movement in the history of Ainerican labour, the speaker said. The Railroad Brotherhoods, chain of branch banks, keyed to the main bank in Cleveland, capitaliz ed at $28,000,000, is a subsequent development, one of many that has thrown a large part of $7,000,000,000 of wage earners' savings into
it will produce enough newsprint labour a new modus of action. Dr. every minute to cover more than Lescobier continued:
This may sound very theoretical two acres of ground or enough every day to make nearly 4,000,000 but it la quite the reverse, forecast- 24-page newspaper, of standarding a happier relationship between size Wayagamack News, Lid, employer and employee. Among has made an issue of $1,500,000 patrons of the new Federation 67% per cent bonds, a portion of Bank in New York on the first day 200 manufacturers, and the proceeds to be used in the were building of its 200-ton newsprint merchants, persone who had never beld a union card. They were there because a new bank had been opened at a convenient location. And these banks differ from capitalist banks only to that they are co-operatively owned by labour unions, that they will make loans to business men only for produc- tive enterprises which give em- ployment o manual labour, limit dividends and distribute all earn- ings in excess of 10 per cent, to their depositors.
The erratic action of the grain exchanges continues to be a source BANQUE DE L'INDO-CHINE.of anxiety to legitimate dealers and farmers. The latter especially HEAD OFFICE:
are complaining, for while the 96, Boulevard Haussman, Paris.
existing price is good, they think that it is really much below the Fra. 88,400,000.00 figure warranted by the world's - FTB. 69,867,298.54 crop situation. Seeding operations BRANCHES:
in the west are going forward Salgos
rapidly, and, indeed, in some parts Shanghai
the wheat is appearing above the Singapore Testain ground. Tourang The following are the estimated. Tunnanfo acreages that will be sown to wheat. In the Canadian west this year: IN FRANCE: Comptoir National d'Escompia Manitoba, 2,643,000 acres: Saskat.
Paris; Centit Lyonnais; Bangas de Parischewan. 8.555.183 acres; Alberta, by the banks to make loans, belong
zrok -Yattambang
Hongkong Motzias Noamis
Craton
Djibouti Hiphon
Papeste
Peking
Britor
Fanci
~From•PaŸ” Pondicherry BANKERS:
les Pays-Bas; Credit Industriel et Commercial 2,721,689 acres. Boclete Generale.
IN LONDON: The Nellona! Provincial a Valon Bank of England, Ltd Camptoir National & Escompte de Paris Credit Lyonnais IN NEW YORK: J. P. Morgan & Oc., French American Banking Corporation; Buaranty Trust Co. of New York.
intaret allowed as Gutzen Arorate and Mixed Depodia socording to aYTKEPEDENÍ.
very description of Banking and Exchange
Baxter transacted
A. LECOT,
Manager, Hongkong, March 20, 1924,
THE YOKOHAMA SPECIE BANK, LTD.
Established 1880.
Capital (full paid-up).. Yea 100,000,000 Beserve Fund Yes 80,500,000
Head Office:-YOKOHAMA.
Branches and Agencies att
Batavia.
Morbay, Buenos Ayre.
Calcutta.
Changchun Dairen (Dalny), Fangtion (Mukden).
Hamburg. Maakow. Marbin Monolulu. Lai Yuen, Kobe
London.
Los Angeles. Manis
Newchwang. New York,
Osaka. Peking.
..Rangoon
Rio de Janeiro. Saigen. San Francisco, Seattle. Shanghai
Shimonoseld, Singapore. Soerabaya Sydney.
Tientsin Tokyo. Taipanfa, Hagueakt.
Tsingtan Waroyar
Vladivostock. Interest allowed on Current Account. Deposits received for fixed periods at anton to be obtained on application.
CARIMA,
Manager.
Hongkong, 11th March, 1925,
FINE JEWELLERY Kumotity Keepst; &,Wedding Rings
A SPECIALTY.
All it – highest grade in the Onfonya
*
WINDSOR BORDE
21,60 Kishan Road, Kemicom..
10-
western
}
MONEY BELONGS TO STOCKHOLDERS.
- A new theory is evolving. About funds of the United States, used thirteen fourteenths of the bank
to the depositors rather than to the stockholders. The labour banks maintain that this fact entitles the
Saskatchewan shows an crease over the acreage of last year. depositors to a part of the profits. The grain inspections Canada during the eight months Not charity but justice underlies ended March were 187,798 cars,
the dividend to depositors. The this number for such a period bay- depositor's dividend also has ing been exceeded only four times proved to be good business. It has reduced depositors interest costs in the history of the country.
worth their while to trade with the on borrowed deposits and made it
labour bank.
い
I believe American labour is crossing the threshold of a
пет
Of these 106,555 cars were on Canadian Pacific lines and 81,243 on other roads. During March, ex- ports of wheat were 4.422,528 bushels, as compared with 13,466, epoch Wage earders, depending 100 during the corresponding month last year, the value being in the past on earnings only are $7,755.194. 15 compared with now being encouraged to draw an income from invested $13,603,222.
capital. The railroad : engineers have established five investment
CANADIAN BOND ISSUES.
banks which is a step toward the participation of labour in fadustrial
management and control.
Exports of wheat flour during the month were 1,385,240 barrels, or 12,570 less than during March, 1924; the value was $10,972,554, as compared with $7,122,602. Exports world to-day is so full of promise No economic development in the of wheat flour during the eight as the entry of organized labour menthe ended March were valued into the mobilized saving power of at $53,106,873, an increase of $8,742,441 over the corresponding and intelligent managed invest- workmea, employed through safe months of the last crop year.
A number of Canadian Government, will lift the whole relation- ship between capital and labour to mentbord issues are being placed a higher plans. It will be a bridge. in New York, the most important of to better understanding on both these, during the last week, having sides. It will teach labour the been that of the Province of
problems and risks of capital; and Ontario, which sold $20,000,000 of it wil teach capital more common. 31⁄2 per cent one and two-year sense fa its dealings with fabour. Treasury bonds to a United States syndicate, the price being' 98.65. The proceeds are for maturing issues. The sales of Canadian
£100,000.
It has been said that an Insurance
bonds la the United States 10 company is not firmly established far this year run close to $100,000,000.
-until. the income has reached £100,000 per annum.Me, J. 1.
Rumours that a merger of Cana Kershaw (Mutual Property In- dian biscuit-making firms is In
sight have not been confirmed by surance Co.)
METALS.
1
pany of New Jersey, and Standard
Oil companies have a habit of working independently in the same markets.
PHILIPPINE HATS.
INDUSTRY PICKING UP,
That the Philippine hat industry is gaining a firm foothold in the foreign trade of the Islands, is seen from recent statistical report made public by the customs authorities..
same period in 1924, the portation of tobacco to the United Stutes and other foreign countries amounted to P1,204.799. whereas the exportation of this commodity in April, 1925, amounted only to P1,266,192, or a balance of P28,607 against this year.
The biggest decline in the foreign trade of the Islands is seen in the exportation of sisal übre which during last month totalled only P8,648 as against 'P24,641 during the same period in 1924, or a balance of P15,993 against this year..
LOCAL SHARE
Namoe
3.8.B.C. T.T. on selling rate
London
and on Bhanghai Rongkong Banks 1290 n London-E140 m Chartered Bank
£10-1/8 u. Marcantile Bank AB 228-1/9 b.
do.
213-1/8 h.
MARKET.
EXCHANGE HE
Flakong, 11th June 1925.
0: Lond Bunk
Vire
On demand
...12
...1.8 6/18
30 day's sight. 4 months' steht 3/3- Credits 4 months' sight ...3/4-i Documentary, 4 months sight 24- On Paris-
no dawned
Credits, month sight
Un demean
On New York.
On demand
Wire
On Jaloptta
Wire
demand
On Bingapore-
On demand...
On demande
bar note,
- Tom.
Credits, data, wohi
OFFICIAL
ODOTATIONS
Og Bambay-
JUNE 11.
10.30 A.K.
Stock Exchange
Oo demand.
JUNE IL Aberebroken wodation.
Back
Bark
871
5181 73
1/31
Da Manila
7
On demand...
1104
1980
On Shanghai -
On demand.
ZAP DO
b. 211-15
21 days sight (private paper)
b. 94" DEAL
On Yokohama
"*£3
J25
18. 971 a
by 21/
D. 100
*M
b. 780
4. b. 14-400 pa Ti40 n.
ħ 4 40 mm 4:50-55
a. 14
18) b.
b 180 285
b. 50
200 b.
b 197
070 b..
b 170
54
2. 51
3&#
47
& O. Bank. East Axis Bank Marine Insuranoss
Canton Insurancs... China Undirs North China Insurance Dalon Insurance --
Yangiare Insurance
rito
Insurances
Chins Fire Insurance. Hongkong Fire Insurance. shipping
Dongles
109
47 t..
B.K. Steamboats... Hongkong Tuga sod Lighter 436 Indo-China (Prof.}
China Sugar ..
Gold Leat, 100 fine (per tal 07.23
| Sovereigns (Bank's buying rate) ... 9.57
9ilver (per oz.)
SUBHIDIARY -GUNTS.
a
J
Honexone Émazon Beranismom 1906
¿uthorized' apital :3, 180,000,000 £21 800,000 Pald-Up Capital...G. 80,000,000 4 8.886,179 serve Fana G 20,045,039 & 1,570, 48
Special Benaryo...G. 22,550,000 £ 1,998,228
HEAD SPICE:-Amsterdams EASTERN HEAD OFFICE :- Fatavia,
BRANCHES Bandarmale Bandoung Bombas Calmatta Djoljakarta
! Padan
Pa
91.11/8
1 % dia.
10 6
M
par
1
11
*
3 X dia.
Rongkong, 10 cents sub, ***
11
Canton
optos
Bar Bliver in Hongkong Chinese Copper Cash Chinees Copper Cents Rate of Native Interest
Chinese Sub. Cola
| Hongkong dah. Qola. ...
334 % die.
% pa.
10% pos.
6%
834 dis.
5117% out
far.
THE BANK OF CHINA
行一銀國中
38.
do. (Def.) do,
(ELK. Reg.).. Shell Transports -- Rtar
Ferdos Wstor-boats Oriental Nav. Co. Refineries
91 8.
64-b
b. 25
A
211 n
• 81
+
17-1/4 n
a 174
250 1
2255
69
0 52
Malabon Sugar Wining
11 A
514
Shanghai LowILI
Kailan Mining Adm. *** *** Langkate....
rob
B5t
Reserve Fund
Raubs
Gomb. Trá-la n ...T7n. S'hat Explorations... TE Single Langkata Тля 85 д
16
www
Tronoh Mines
b
Benguets
TH
+
***
3.40 m
Ural Casp. Docks, Wharves, Godowas, &c.
B. & K. Wharts H. & W. Dock Shanghal New
S'hat Books
-
Landa, Hotels, & Building".
H. E. Engiuserings
H.K. & S'hai Hotels Hongkong Landsin H.E. Baity Humphreys Estabos Kowloon Lands
Priada: Bailding ... H.K. Territorial... Rural Lands... Ootton Mille
*
100-1191-101
191 b 114
TH T-138 b.
13 314
T 2007,
t #
a 128-137
410
13.8 b. Naw -
88.1/2'
131
a. 5
AM
+
6 30
150 a.
b
118
b. 3-1/2
10 n.
a 10.10
Kwo Catton Milia, Lid/...... 7 10.10 n Kang Yik
Laon Kung Mow........
H
n
57. Now 31 x.
n. 57 Faw biu.
In Now
7-1/4 b. ..
#73.b.
Oriental... Shanghai Oothor Увадбекеросин.... Miscellanaoua,
Canton
Tom Clesients Coments "Combloed Oblo
Light
(OH) da (New) 10 b, Comb: 211 b 33)-15 m. China Providents 15 sử. New 14-n Chias. Providente Combined 47 D. Dairy Farm - H.K. Developmen 1.89 Deate
H.K. Nectrice Maoso, do
16). New
D
·Domb, b 271 to 27 60
n. a
Hew 39 n. Comb h 33) ss 854
(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917). Authorised Capital .... $80,000,000.00 Paid-up Capital
$18,278,800.0
9,620 4.4
HEAD OFFICE; PEKING.
HONGKONG BRANCH:
4, QUEEN'S ROAD CENTRAL Branches and Sub-branches all over China and Correspondents in Europe, America, and other parts of the world, Lendon Bankers:-The National Provis cial and Union Bank of England, Ltd. The Guaranty Trust Company of New
York.
Now York Bankers: The Irving
National Bank:
The Equitable Trust Company of New
York.
Tagi
Cheribon Djember
The Hague Rob
Mo
Palembang
Pontiana
Boeraba
Wlatlar
Median
Pecaloi gan
Rangoon
Blogka!
Sourakarta Bolo)
W-'cayredam
LONDON BANKERS:~~ National Provincial Bank. Ltd. Correspondents all over the world. BANKING BUSINESS OF EVEN DESCRIPTION.
M. J. HERBSCHLIE,
Agent.
Hongkong, November 4, 1924.
司公理營業實法中
SOCIETE FRANCAISE DE GERANCE
DE LA BANQUE INDUSTRIELLE DE CHINE
ETABLISSEMENT FEAFOO
CHINOIS.
(Incorporated in France).
6, Chatar Road, Victoria, Hongkcoupe
HEAD OFFICE: 74, Rue St. Lazara, Paris,
Subscribed Capital fully
paid-up
Reserve Fund.
Fra. 10,000,00
Frs. 10,790,003
Working fund provided by
THE BANQUE INDUSTRIRA
DE CHINE.
Paris:
Fr. 50,000,000.
BANKERS:
Societa
Generale, Banget Nationale de Credit. Banque Paris et des Pays-Bas
London: Midland Bank, Ltd.
New York: Irving Bank Columbia Train
Co.
Every description of Banking me Exchange Business transacted. Com spondents throughout the world.
M. FITZ-HENEY.
Мапарат Hongkong, 13th February, 1928.
THE BANK OF TAIWAN, LIE (Talwan Ginko.)
Incorporated by Special Impariał Charter, 1899.
Capital. Subscribed Yom 60,000,000 "Capital" (Paid-up) 1777 Yên 52,500 € F
Reserve Frind
Yen 12,980H
HEAD OFFICE; TAIPER, FORMOSA
BRANCHES:
JAPAN-Tokyo,
Osaka
Yokohama,
Kob
FORMOSA.Giran, Kagi, KarenEs Keelung, Makung, Nanto, Plus, Shinchiku, Taichu, Tainan, Takom, Tamani, Tohyan, Ako. CHINA-Shanghai, Hankow, Amty-
Foochow, Swatow, Canton. OTHERS, Bangkok, Hongkong, Bings- Sõerabaya, pore,
Samarka Batavia, Bombay, Londen, Now: York, Calcutta,
LONDON BANKERS: London County Westminster and Parr's Bank.
A
The Bank hae Correspondents in the Comms sredan Interest allowed on Current Accounts 3140, 34 Indodhina, Bim, Ind
Otro in th: Baropena Cortinast, Beta, Mam
and Fixed Deposita. Terms on applies. tion.
Every description of Banking Bual- Bess transacted
Loans granted on approved securities. Special facilities for Home Exchange
TSUYER FEL, Manager.
Philippias friends, Java, and Datals Indies, Anus-, ralia, Amarice, àftion, do,
Demethane estem which will be quoted sa applica
Interest allowed on Caiment Advogais, koč Zined
Z. YAMAMOTO, Managız. HONGKONG BRANCH:
8. Das Vaur Road Central Hongkong, 5th June, 1924.
INVESTMENTS
We shall be glad to quote upon any share whether business
is negotiated or not. Share lists sent upon request.
SMALL LOTS
1. 14) Now 18
Com a 48-14
b. 60 Dent
A 201
com
793
Hongkour "Anrumenta: · 20:b
b. 101
Hongkong and Owaton Loes.
We Sell
Hongkong Hopea in 33 21 - New 10,80 m. hopes Combiner Ma
m 17-1) New 10 u.
Hongkong Timmwayama 40 b. 4) au Fesk Tramways (Old)ja 2-3ak n.
51 P. O. Banks 1000 Developments
5 Unions
Do
SWA becas.
Wm. Powells
Laze Omwfoedaa
HL. E. Konstruction ##Nanyang Tobmoso
actual developments, bať, the re-. organisationof the oldest of these corporations, the Christie-Brown When the war broke out it was Company of Toronto, is announ discovered that much of the metal cod with considerable infusion of trade of the world was in the hatda American capital, which is being of the Germane. The tables arð accompanied by the presence of now being turned for the trade. Shree American directors on the papers report that English mots board. Anoffering of $1,000,000 of Brms aro aiquiring an Interest favor preferred stock has been taken by the old established Goroso enter- a Canadian American syndicate." priens.
We Buy 100/300 Waterboats
600 Taxi
300 Realties
AND ANY OTHER LOTS UPON BEQUES WE BUY OR SELL ZURHEET SHAKES
SMALL INVESTORS