2

HONG KONG AND SHANGHAI

BANKING CORPORATION.

antherlook Capital,

Lovsod and Fully Fold-sp`.. ›

Gavarra Fundat p

Sterling

$30,000,000 $80,000,000

1,000,000

silver............ $15,500,000

Baserre Limblilty of Propelatom.'..‚9$2,000,000

HEAD OFFICKI WONGKONG.

• COURT OF DIRECTDES;

Dise. Mr. D, 0. M. Barnard,

Chairman,

4. E. Compton, Məq

行銀商工法中

BANQUE FRANCO-CHINOISE

pour le

Commerce et L'industrie (Incorporated in France).

5, Chater Road, Victoria, Hong Kong.

HEAD OFFICE: 74, Rue St. Laxare, Parla

Capital fully paid up.... „Frs.40,000,000 Special working capital..Frz.50,000,000 ....Fru.18,276,000 Reserves

*****

BRANCHES:

Deputy ChaiYMAM,

W, E. Hell, Mag.

W. J.. Patienden, Moq;">

K. B. Brown Fad

T. (. Waall, Kaq.

R. F. White, Kaq,

Paris

Lyona Marseilles

Salges

Pering

A. Maanaw o. Raq,

40. 8. Mackle, Haq

Cħlet Manage.

Hou, Mr. A. G. Hynes, BRAHOIRS

ANDY

BANGKOK,

BATAVIA

BOMBAY GALOUTTA CANTON

CHEFOD

COLOMBO DAIBEN

VOODROW

HAIPHONG

KAMBURO

HANKOW

ELARBIY

BOKUKKW

FLOILO

IPOR

JOHORE

HOBK

KUALA

LUMPUR

LONDON LYONS MALACCA MANILA MOURDIN

NAGASAKI NEW YORK

PKKING

PENAMU RANGGON BAIGON

SAN FRANCISCO

SHANGHAI SINGAPORE .. SOURABATA

HUNGKI FATANI TIENTAIN

TOKYO

TSINGTAO

TOKOKAMA

Onerent Accounts opened in Local Onstancy and Fixed Depouts received for one your ar shorter periods in Local Cherandy and incling on terms which will be quoted on myphastico,

Hong Kong, 13th deptember, 1927.

HONGKONG SAVINGS BANK.

The Bundes of the abure Bank 1 con- foted by the HONGKONG AND BUANGUAL BANKING CORPORATION. Halwe may be obtained on application.

FOR THE HONORDNO BANKING CORPORATION.

SHANGHAI

A0. Hynch,

„Chist Blutago?

Hongkong, 19th Heptember, 1027.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

68, Boulevard Haussman, Parle.

Subscribed Capital...Frs.72,000,000.00 Paid-Up Capital ....Frs.88,400,000.00 Reserve Fund....Fre.83,884,519.10 BRANCHES:

Bangkok

Hanoi

Pondicherry Battambang Hong Kong Saigon

Cantha

Canton

Mengtze Shanghat Nam Dinh

Dibouti Nodmen

Singapore Tientsin

Fort-Bayard Pupecte

Haipoong Peking

Hanko

Tourane

Vinh. J'nom-Penh Yunnanfu

BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; Soclete Generale.

IN LONDON: The National Pro- vincial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Parla; Credit Lyonnais.

IN NEW YORK: J. P. Mor, an & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New York.

Interest allowed on Current Accounts sad Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let

CH. LEM,

Manager. Hong Kong, 28th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING-BOĢIRTY)

BANKERS

Established 1814.

Wong Kong Ofice :—11 Queen's Bondiffentrall

Authorised Capital .......................... Galidais 150,800,000

(£2,400.000) Paid-up Capital ... Galiders 30,000,000- (£4,000,070) Keerre Fun

Guilders 40,300,000-

Hiphong Hanoi Shanghai Tientsin Hongkong Paon Penh

-BANKERS:

FRANCE: Societe Generale, Basque Nationale de Credit, Banque de

Paris et des Paya Bas. LONDON:-Midland Bank Ltd. NEW YORK: Irving Bank Columbia

Trust Co.

Cor

Every description of Banking and Exchange Business Transacted. respondents throughout the world.

A. ROLLIN,

Manager. Hong Kong, 21st April, 1927.

PIECE GOODS.

MANCHESTER WEEKLY MARKET REPORT.

THE CHINA MAIL,

Messre. James F. Hutton & Co., Ltd., Manchester, report on Nov ember 23:-

Cotton Auctuations this week have left values very much where they were and there has been little new to alter the outlook. The off- cial United States Government gin- ning figures of 10,899,000 bales ginned to November 14 were rather lower than expected and prices ad- vanced in consequence, but again it was the sensitiveness of the market

COMMERCE

AND FINANCE.

RUSSIA'S TRADE.

AUTOMOBILE AND CHEMICAL INDUSTRIES.

Moscow, Dec. 18. In a speech delivered to-day be fore the Communist Party Congress, Vershiloff emphasised the necessity for concentration on the chemical and automobile industries an means of defence for the Union of Soviet Socialist Republica.-United Press.

"BUY LOCALLY."

AGITATION BY PHILIPPINE MERCHANTS.

STOCK DIVIDENDS.

RULED NOT TAXABLE ON THE PHILIPPINES.

|

WEDNESDAY, DECEMBER 28, 1927.

In laying down the principles of law involved in the two cases, the Supreme Court held that:

·HONG KONG TIDE.

The tide-table-given below has "Stock dividends do not represent been obtained by aid of the Tide- a distribution the capital of the predicting Machine, which in- corporation. They simply repre- cludes 40 components for the bet sent a capitalisation of the income ter prediction of tides, from the Income taxes cannot be levied of the corporation and cannot be result of the analysis of the tidal upon stock dividends because such considered as an Income of the observations, taken at the dividends do not represent a distri- individual stockholder. bution of the capital of a corpora- represented by the stock dividend is the direction of Dr. Doberck dur- Property Kaulung tidal observatory under tion but merely represent a capital- not the property of the individual isation of the income of the cor- stockholder until it is separated ing the years 1887, 1888, ₫ 1889. poration and cannot be considered from the capital of the corporation. The times and heights are given an income of the individual stock- Property of a corporation la not the for Kaulung; but they may be holders,

Supreme Court, property of the individual stock- used for the Victoria Naval yard. Manila, has ruled in D. decision holder until a separation has taken and Aberdeen, the differences granting the recovery of P1,305 by place. A corporation may be taxed being very small. Warner, Barnes and Company, Ltd. for such an increase in its capital, from the Insular Collector of In- but the stockholder cannot be tax water must not be considered to The times of high-and low. ternal Revenue.

ed until a separation takes place. holder cannot be considered the in-water and charge of current, the The income of the individual stock coincide with the times of slack- phenomena being quite come of the individual stockholder two until a separation or distribution distinct.

the

covered by Warner, Barnes and The amount allowed to be re- Company, Ltd. represented the tar levied in 1929 on the lacome of the corporation by virtue of the in- takes place. clusion of the sum of P43,000 in the "If stock dividends are capital Income of the company. The sum and not income, then the law of P49,000, represented by, certif-which provides for a tax upon in- cate of stock, was received from the comes cannot apply to stock, divi. Dec, Central Azucarera de La Carlota of dends. In determining what con- which the complainants were share-stitutes income" substance

rather Wad. 26 holders.

than form must be given control-

Thurs

5 27 3.9 Frl. 20 m 6 33 7.1 m 23.6 3184.6 81644

Income

I

Dec. 28 to January 3, 1928. DATE Huan WATER Lowin Wats

Standard

Standard B Times

Times

1 $64.6 42.8 11 21 7.5 4 19 9.7

Н

31 m 1 48 8,5 m 9 14 L8

• Ba Bo 8 01: 1.9 Buti. 1 m3 16 5.4m 101.1 4 55.6 17.90 1.5 4.48 6.1 m 10 69 1,6 5 sla 6,1

As a protest against the charac-| But. ter of the service, many per- manent seat-holders at the Albert Hall refused to allow their seats to Mon. be used at a service organised by spiritualists in memory of those Taes who fell in the war.

that caused the advance and not so much that any advance was real- ly warranted. These figures do

The Supreme Court also render-ling weight." perhaps point to a rather smaller

ed judgment in favour of J. M. erop than estimated by the Bureau

Menzi in his case against Juan especially as it is generally reported The Philippine Chamber of Com-Posadas, Jr., Collector, of Internal that very little cotton remains to be merce has filed a petition with the Revenue. The facts of the case pleked, but with conditions as they department of commerce urging the are similar to those of Warner,, THE CHARTERED BANK OF

are at present there does not seem government to limit its purchases Barnes and Company. The high INDIA, AUSTRALIA & CHINA.

much likelihood of any appreciable locally and abolish its purchasing tribunal allowed J. M. Menzi to re- advance in raw material values, agency in New York

cover the sum of P637.87 which re- Incorporated by Royal Chater, 1853.

nor any reason for expecting a big

The petition states that the pre-presents taxes levied on HEAD OFFICE: LONDON.

drop in the final crop figures. 1a sent system works to the disadvan-paid under protest, £3,000,000 Manchester there is very much tage of local merchants. Paid-up Capital

People Reserve Fund ..... £4,000,000 more enquiry being dealt with, but doing business locally pay taxes for Reserve Liability of Proprie

offers for the most part are still this business and it la but right ..........£3,000,000 far too low. India contributes that they be given a chance to sup- Agencies and Branches:

most of the attempt at business and ply the government's needs without quite a fair amount of light bleach having to undersell the manufac- ing goods especially for Calcutta turer abroad, it is pointed out, have found their way on to the Cipriano Unson, secretary order books. Dhooties have not commerce and communications, sald been so successful but here and that the point of the local mer- there some few lines have been chante is well taken, but that so done. Singapore is also reported many other things enter into the

tura

ALOU STAR

Thainy Kratos AMUTTHAE

BANGKOK WATAVIA BOMBAY CALCUTTA CANTON CAWNPOBE CHAU COLONDO

DKLU1

HASPHONG

HAMBURG

HANKOW

TONG KONG

ILOILO IPOU

HABACH

KLANG

KOBK'

KUALA KANGSAR

Park (P.5.x.)

KUALA LUMPUk ›

KUCHING

MAPBAS MANILA MEDAN

NEW YORKC- PKKING PENANG PRSHAWALL PUKET BANGOON BAIGON

SEMARANG SEREMBAN HUANGILAI SINGAPORE BOURABAYA TAIPING

(F.M.B.)

TOKYO

TAVOY TIRNTSIN

TSINGTAO

YOKOHAMA

ZAMBOANUA

of

purchases made through the bureau of supply.

"

310 6 12 6.0 m 0 19 1.8 Ria 6,1 m 11 48 1.9

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Cla. Clasof

Chicken Capons, Small

Japons, Large

Doves

Eggs, Hen (cocking)..

Eggs, Hen. (fresh)

Fowls, Canton

Fowls, Hainan

新鮮

cach

Dec. 22, June, Jun

Poultry,

1927. 1818. 1977-

Dec. 22, June, June, 1927. 1918. 1914.

牛飛靶

lb. 28

24, 12

Cia. Cis. Ciz.

1

Prime Cut

28

28.12

lb.

80

F

Corned

23*

"

50

#

Roast

28

2430

BG

11

Breast

24

20180

Duck

*

40

10

Soup

28

20 18:

Steak...

per doz 32

28 24

22

40 80 36

"

38

40 26 20

本地醬

ib.

70

50

на

Tongue, fresh.. Tongue, corned Head

per set 15

10

12

Gecze

45

each 05 *60

60

60

#

Pigeons, Canton Hollow

each 60

*

Heart

# $1.20

-$1.20

#

28

火雞蛋、15. 70

Hump, Balt

Turkeys, Hen

火鳥卷

Sr

60

Feet

Kidneya

pair: $2.20

11

Steak Sirloin

Sausages

Bullock's Bralna ...

as having bought some of their present system that must be running lines in greys and whites, thoroughly considered before any but the adjacent markets still hold definite steps are taken. off awaiting no doubt some im- he expects to make known his stand

He said Beef Sirloin provement in local demand. In on the matter at an early date. terest. still continues here as to

The purchases being made by the what spinners can go down to for bureau of supply have been the their yarns, and it seems that prae- subject of complaints not only (Phlippina Islands)tically the bottom has been reached, from the local merchants but from for it can be said that they have other branches of the government Foreign Exchange and General Bank-been well tested and tempted dur- as well. Municipal and provincial Ing business transacted.

Current Accounts opened and Fixeding the past few days. Manufac governments complain of the great

turers also in the same post tion, and there are now several mills closing down as they will be losing less money by stopping for

The price question has also been the present than by continuing to take the prices. which they have a matter of stiff controversy. It is doing for the past month. charged by not a few provincial This clearly shows the position and officials that in many instance it is quite certain that it will not they could make their purchases require any very considerable de- quicker and at much lower prices mand for cloth to put prices up if they did so direct from the mer- quite appreciably. It is interesting to note that there has been more enquiry from China although the auctions this week have not yield- ed as satisfactory prices as those which have been ruling for past few weeks.

periods at rates which will be quoted on application.

J. R. GEORGE,

Manager. Hong Kong, 7th March, 1927.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO).

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa. issued Bank-Notes

Yen 45,000,000 Average amount ..

BRANCHES AND AGENCIES: JAPAN:-Tokyo, Yokohama, Kobe,

Osaka. FORMOSA:Giran, Kagi, Karenko, Keelung, Makong, Nanto, Shin- chiku, Talchu, Tainan, Takas, Tamaul, Toon, Heito, Talto. CHINA:—Shanghai, Hankow, Amoy,

Foochow, Swatow, Canten. OTHERS-Hong Kong, Singaporo, Seerabaya, Semarang, Batavia, Bombay, Calcutta, London, Now York, Dairen.

LONDON BANKERS: The London County Westminster and Parr's Bank,

The Bank has Correspondents in the Commercial

Centres fo the Karopean Continent, Rumia, Man churis, Talagtas, Japka, Indo-Chins, a, India

•ntgreat allowed in Current Accounta, and Fixed Deposits at rates which will be quoted on application, Deposits in Yen can be accepted

J. IHARA,

Manager.

Pakipales Islands, Adrien, į

HONG KONG BRANCH:

8, Des Voeux Road Central. Hong Kong, 22nd September, 1927.

Hand Office:--AMSTERDAM”). Basiera HeadjoMOR?—NATAVIAN BRANCHES :-- Bandjermain, Bandoeng) Bom- bay, Calcutta, Cueridon, d- dah, Dimber, Djakjakarta”), The Hage

Katz-Radja, Kabi

Medan. MATISAT

Padang Palembang.

Pontianak, erdam)

BEBATARE

Banzial Biboirs

Sonradali, Basta-

THE BANK OF CHINA. 行銀國中

F(Specially Authorised by Presidential

Mandate of the Republic of China on the 22nd of November, 1917).

Authorized Capital.....$60,000,000.00

karta (Holo), Togni, Zjilatjap and Waltevreden.")

1) Chona offens hara szia deposit boxes lo fat.

Landon

Bankars-National Provincial Bank Ltd. Paid-up Capital

Correspondents sil over the world

Banking business of aver

description transacted.

◊. STEENSTRA

Mongkong, 30th July, 1927.

Manager.

been

P. I. CUSTOMS.

the

COLLECTION FALLS DURING DECEMBER.

chant.

Can't Limit Buying.

Tail

Liver

Tripo Purchases of the insular govern-Calves' Head & Feet.. 41 tent cannot be limited locally, Mutton Chop Cipriano E. Unson, secretary of

communications, Ip ruled, disapproving the peti- tion of the Philippine Chamber of Commerce.

commerce Brid

The suggestion that the purchas ing agency in New York be abolish- ed also was turned down,

In disapproving both requests, Mr. Unson explained that the government always had preferred to get its supplies from local dealers Customa collections for the first and only in rare cases had pur-

chases been made abroad. half of December registered a de crease, compared with those of the States by the insular government Direct purchases from the United same period last year, according to have decreased from year to year, figures obtained at the customs Mr. Unson stated. Last year local house, Manila, on December 20.

Total customs

purchases amounted to about 87 per receipts from December 1 to 16 amounted to cent, of the total, leaving only 19 P718,695.13 as against P720,876,02 Per cont. Imported direct from collected for the same period last! year, or an unfavourable balance of P12,180.89.

abroad.

are

Leg..

H

Shor der Saddle Pig's Chitlings

#

Brains

Feet

Er

1

Fry

Hend

H

E

Heart Kidneys

40

Liver

Pork Chop

#

Leg

Lain

M

Fat or Lard

12

Sheep's Head & Feet..

1

Heart

Kidneys

Liver

11

Whenever the supplies needed by Bucking Pigs, to order. the Government

available This revenue is mostly from imageous to ita interests, the practice

locally at prices not disadvant-Busts Beef port duties, immigration tax,

has been to purchase them here, Veal whaifago dues and other

customs Secretary Unson said. duties.

There are times, however, he pointed out, when the needed sup plies are not available locally, or if

THE MERCANTILE BANK OF they are, the price is much too high

INDIA, LTD.

HEAD OFFICE:

is. Gracechurchßtreet, London, E. U.S.

.£3,000,000

Authorised Capital

Beserve Fund

18,278,000.00 0,020,425,24

Subscribed Capital

Paid-up Capital

HEAD OFFICE PEKING.

HONG KONG BRANCH:

4. Queen's Road Central

1,800,000

1,050,000

for the money available for the Barbel particular purpose for which the Breat supplies are to be used. Conse- Canton Fresh quently, direct purchases Are necessary.

Water Fish.

Carp Catfish

Codfish

Crabs

# *B

牛羊仔

羊学

Beach

lb. 24 13 14 24 20 19 esch 8 10 12

15 18 12

28 20 **

18. 14.

Turkeyn, Cock

Snipe .... Pheasant

Quall

Partridges

Fruits.

"

lb. ---24

7

* 7

mət: $1.20 $1.00 $1.00

b. '48 20

48

23

46

24

*

#

46

Almonds

P

35.

Per set 8

Jb.

15

15

32

28 15

18

18 20

each 20

lb.

旗山特

each

Ib. 12

each 10

cách 1G 10 10

12 10 3

Apples (California)

Bananas (bride's) ́.......

Carambols

Cocoanuts

Lemons, China

Lemons (America)

Lichees, Dried ....

Oranges (Canton)

Oranges ...

Pears (Canton) Peanuts

Persimmons, Large Plantain

金山轉條 荔枝

新會甜糖

888~~1278 | 19 || L

· *⠀⠀⠀⠀ sasa

UHT

85

12

12

10.

72.

3 སླརྞྞ ཨྰཿ ཐཱ - ཨ 8:1:|: |2 མྦ སྱཱ|:|

༄ཋ|

སྐྱ⊕ེ་སྐྲས| དྷྭཀྐ

1b.

80 00

24

34

++

25

88

40

60 70

t

24

21

per set 85

60

70

"

esch 12 8 7

**

15 12 10

Pamele, Stam

each 16

46

24

25

Walnuts

Ib,

.18

#

Ib.

26 26 22

Grapes

善街

30 20 18

46

28

26

88 20 19

19

86 20

20

80

Beans, Sprout

Vegetables, &c.

Artichokes

"

Long

Beet Boot

Bitter Squash Brinjals, Green

cách là

lb.

16

Ib..

10

Red

TI

Cabbage, Chinese ........

(Shanghai)

8

8

18

14

12

Cane Shoots, bunch Cauliflower (Large)':"

(Medium)

(Small)

Celery, Chinese, Chillies, Dried

10

11118819 STAT

Mutton

"Sausages

No, 1..

"

-Fish.

16. 40 19 24

26

20

16

22 18

16

25

16. 27

28 12

9

86 20

25

40 23

26

28 16 2

**

38 20

10

+

Tab

Dace

"

Dog Fish Eels, Conger

Fresh Water

12RGERS DE

****

42 20

"

Carrots

11 · 10

34

18

22 10

180

26

5

24 28 80

Bod

·80

32

25

Green

12

-85

4080

Curry Stuff, Engli

80

22

18.

Cucumbers

72618

2B

-Garlic

8018

15

Ginger, Yeung

26 22 18

75.

24.

82

21

Horseradish, Shangh Indian Corn

26 20

25

Lettuce

80

18

2

Water Chestnuts

Mand

92

9

20

Onions Bomba

26 16

Reserve Fund and rest.. 3,646,087

BANKEDƐ:

The Bank of Kogland in Midland Bank, Ltd. BRANORES: Bangkok Galla Kuala Larpur, Hangoon Bateria Hongkong Kank) Shanghai Bombay Moriah

Singapore BournSaya

Peng

...(ml=

Branches and Sub-branches all over Colombo Harad

Calentia Mandy - New York THE YOKOHAMA SPECIE BANK, America, and other parts of the world.

Chins and. Correspondents in Europe, Delhi Kola bars Port Louis (Manvilno)

London Bankers: Tho National Pro vincial and Union Bank of England, Ltd.

LIMITED.

Established 1889,

Capital (fully paid-up) Yen 100,000,000 Reserve fund ....... Yen 90,000,000

Head Ofce:-YOKOHAMA

Branches and Agencies at:" Newchwang." New York.

Alexandria.

Batavia.

Bombay

Взапов Луге,

Calcutta.

Gaston.

Changchun.

Osaka.

Peklar. Rangoon.

· Rio de Janairo. Saigon.

San Francisco.

Dairen (Dalny). Feagtlen (Hukden). Seattle.

Hamburg

Hankow.

Farbin

Hong Loan Honolulu,

Kai Tren

Karachi,

tobe London

Los Angeles.

Semarang, Shangha Phimmazaki. Singapore. Soerabaya. Sydney, Tientata. Tokyo. Txinanta

Vladivostok.

(Temporarily dlowed)

Lyons, Nagasaki. Nagoya dig Esterest allowed on Currant is coounts. Deposita received for fixed perioda at entes to be obtained on syplications f

E. MORLY OG

Hong Kong, 12th September, 1927.

The Guaranty Trust Company of

New York.

New York Bankers:-The Irving National Bank.

TAMBONGKONG KHANCH.

Boss transacted..

JAPAN IN E. AFRICA, Cattle Fish

TRADE MISSION'S

VISIT....

The Japanese Economic Mission, consisting of seven trade experts Yellow Ever despion of anting and xxchange bule and headed by Mr. Ujiro Oyama, Frogn INTEREST allowed on Current Accounts at a par which reached Mombasa early last a paraang on Daily Eslange Lad os First month, arrived at Beira on Novem Garoupa Depedte at rates that may he antertained ober 2. The Mission: Is studying Gudgeon conditions in East Africa with a Herrings view to stimulating trade with Hellbut Japan.

Labrus

application.

7, Quoan's Bond Central, "

The Equitable Trust Company of Hongkong, June 18, 1928 New York,

Interest allowed on Current Accounta and Fixed Deposits. Terms on applica tion:

Every description of Banking But

'ness transacted.

Loans granted on approved securities. Special facilities for Home Exchange.

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD.

Established 1912. Head Office-Hong Kong.

Autherland Capital(LH) Garemcy)........ 11.000.000 Pall Up Capital in Reserve Band va akan cam a

DUAL BRANCHEast Now!

shanghai Haskow. - Hwałow“

Dipper Kew York, and Bali Francfa0nj:

The Layfa Bank 21mitedivakod A CORSETONDERTASUN

Woradan saraugs and beaking business of *Ka Deport Boom Gracious slood) ab a guarir.

SIMONA LOOK POONG BRAN;" POSTED/Chlety Manager. Hong Kong, 19th February: 1967:

Go Začali pelasipul cities of the sterté,1,

C. L. O. BANDES, Manager,

THE BANK OF EAST, ASIA, LTD.

HEAD OFFICE: HONG KONG.;

Increasing Japanese interest in Loc East African trade has been evid-Lobsters ent of late, and several commercial

missions have been here in the last Mackerel...

few months, though never on Mallet... large a scale as the present one. Stimulation of the export-trade in Oysters raw materials to the Orlent creates Parrot Fish interest here owing to Beira's ex-Perch 1200,000 ceptional position and the growing Fike

development of West Coast ports. Malco

10, Des Voux Road Central, Hong Kong Authorised Capital Fald-Up Capital: Reserve

.$10,000,000 5,000,000

Boatilo!

cabaya Sydney Talvek Tientsin

Trafile continues to increase Pomfret, Hack October was a "record" month for Pomfret, White

BRANCHES AND AGENCIES:- Batavia Melbourne San Francisco Bombay Nagsaakl Calcutta

New York Bemarang

cargo handled by the Rhodesia Canton Osaka Singapore

Railways (pier. The amount was Prawns Halphong Parla

60,723 tons, and on two days in the Bay Honolulu Poking

month the figure reached 3,000 Rock Kobe Penang

tons. Large imports of building Bo Kowloon

Rangoon

material into Bhodesla continue, London Balgon

but there is now no congestion at Sulmon Manila Shanghai

the port, In spite of heavy expert Shark Correspondents in all of the world gradu

traffic, which amounted to 41;681 ga Every description of Ban

tons in October Figures for the she Exchange business transacted Loa year ended September 30 have just rranted" on approved securities,pl been Issued, and show that the rail-

SAFE DEPOSIT BOXES to let ways landed 167 175 tons and ship

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