THE CHINA MAIL,
HONG KONG AND SHANGHAI BANKING CORPORATION.
行跟商工法中
COMMERCE
athorised Capital.......
850,000,00 $10,000,000
SLIDE
£6,030,000
Lavond and Fully Paldap......
Rose Tanda 2--
Billtari..... $18,000,000
Berte Lality of Propstatom...$20,000,000
HEAD OFFIORI HONGKONG.
COUBT OF DIKROTOPA)— Hon. Mr. D. . M. Bernard,
Uhairman.
A. I. Compton, Beg, Deputy Chademam.
#7. 11, Bali, Bac.
K. 8. Brown Faz,
A. Macsora, Kaz.
© D. B. Macklo, Kaq.
KNUT
SANGKUR
BATAVIA
BOMBAY
W«J» Faltendan, Baq-
T. 3. Wəall, Bag,
II. P. White, Eat,
Onlet Manage
Hon. Mr. A. C. Itynes.
GALOUTTA
CANTON
GILE FOO -QOLOMBO
DALBEN WOUDROW JAIPHONG
HAMBURG
HANKOW
ПАНВІМ
HONGKEW
ILOILO
IPOLL
JONOHE
коз
KUALA
LUMPUR
BRAKORUS:-
LONDON
LYONS MALAGOA
MANILA MUURDEN
NAGASAKI NEW YORK!
PRKING
PENANJ BANDUON 'SAIGON
HANJRANCISCU SHANGWEAR SINGAPORE
SOURABAYA
SUNGEI PATANI TIENT IN
TOKYO
TUINUTAD YOKOHAMA
Current Acconta opened is 1ocal Currency and Fixed Deposits recaired for on your ar shorter periods in Local Currency and Sterling on term which will be quoted on’appùon LION,
Hong Kong, 13th September, 1927.
HONGKONG SAVINGS BANK.
The Business of the above Bank in con dacted by the HONGKONG AND SUANGHAI BANKING DOLPORATION, BRIM may be obtained on application,
FOL THE HONGKONG & SHANGIL BANKING COMPULATION,
A, G, Hybes,
Chial Mininger
Hongkong, 13th September. 12.
BANQUE DE L'INDO-CHINE,
HEAD OFFICE:
06, Boulevard Haussman, Paris.
Subscribed Capital...Fr..72,000,000.00 Paid-Up Capital ....Frs.68,400,000.00 Reserve Fund. Fr.89,834,619.10 BRANCHES: Hanoi Pondicherry
Saigon
Bangkok
Battambang Hong Kong
Cathe
Canton
Disbouti
Haiphong
Mengizo
Nam Dinh
Noumea
Shanghai Singapore Tientsin Tourang
Fort-Bayard Papeete
Bankow
Peking Vinh Prom-Ponh Yunnanfu
BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paria; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industrial' et Commercial; Societe Generale.
IN LONDON: The National Pro- vincial & Union Bank of England, Ltd.; de Comptoir National d'Escompte Paris; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New York,
Interest allowed on Current Accounts Fixed · Deposits according
arrangements.
to
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 BOCIETY"}}{
BANKER.
Established 1824;
Hong Kong Office :--11 Queen's Bead:Wantrall
Authorised Capital ......................, Quilder 154,300,000 {£213,600,000) Fald-Up Capitai.................... Güillers 30.000,003-
(226,066,670) Beserve Fund... Gaiblere 40,000,000-
H644 U100:-AKSTERDAM”, Ristaru Hand OM05:—BATAVIAN EBANCHES- Bandjemain, Bardoeng”) Bom
bay, Galoutta, Oiarbon, Jid. dab, Djember, Djakiskaria), The kingas), Kabe, Kota-ladja, MARNAT
PROADE Palembang, Pekalongan, Penang
Medan,
Pontianak Langson, Lotterdam Hamam Banghel, bolg {Sumatra Soarabain, Boera kasta (Solo) Toral, Tjilaijas And Weltevreden.
13 Thess offices bars safe deposit boxen to lot. London Bankers;—National Provincial Bank Ltd
Correspondents all ever the world
Banking business of ery
description tractad
Q. STEENSTRA
Hongkong, 80th July, 1927.
Manager.
BANQUE FRANCO-CHINOISE pour le
Commerce et L'Industrie (Incorporated in France).
5, Chater Road, Victoria, Hong Kong.
می
HEAD OFFICE: 74, Rue St. Laxare, Paris.
Capital fully paid up.... Frs.50,000,000 Special working capital..Frs.50,000,000 Reserves Fund ...Fts.15,804,045
BRANCHES: Lyons
Marseilles
Haiphong Hanol
Paris
Baiges
Peking
Tourang
Vinh Pnom Penh
Shanghal Tientsin
BANKERS:
FRANCE:--Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays Ban. LONDON:-Midland Bank Ltd. NEW YORK:-American Exchange
Irving Trust Co.) SAN FRANCISCO Bank of Italy.
Every description of Banking and Exchange Business Transacted. Cor- respondents throughout the world.
A. ROLLIN,
Manager. Hong Kong, 1st January, 1928.
CHINA RAILWAYS:
MEETING OF BRITISH AND CHINESE Corp.
AND
FINANCE.
•
Ad
WEDNESDAY, JANUARY 11, 1928.
the
cludes 40 components for the bet result of the analysis of the tidal ter prediction of tides, from the
Kaulung tidal observatory under observations, taken at the
the direction of Dr. Doberek dur. ing the years 1887, 1888, & 1889. for Kaulang; but they may be, The times and heights are given : used for the Victoria Naval yard and Aberdeen, the differences
I regret to have to say that power of penetrating to the heart
HONG KONG TIDE. owing to ill-health Sir David Bar of a problem, his shrewd commbu
The tide table given below has Bense and knowledge of men and been obtained by aid of the Tide- pour has been obliged to retire affairs were a constant source of predicting Machine, which in- from the board of directors, of confidence and encouragement, and, which he has been a member for looking back over a period of 20 22 years. His advice was always troubled years of Chinese finance, sound and appreciated. His place where his judgment was at fault. cannot recall a single instance on the board has been taken by Mr. We are conscious that we are half, have been ignored. The re-S. F. Mayers, who,
you are poorer for the lack of his wise ault is that British bondholders aware, was, until recently, in counsels and bis encouraging and this corporation are placed in charge of the corporation's affairs friendship, but we shall not grudge the curious position of Anancing-in China. His special experience him his well-carned rest and free quite against their will-ons of the and knowledge of China will be of dem from care, and we wish him contending parties in the Chinese the greatest assistance to your happy years of leisure and refresh- turmell, at a time when it is the board in its future deliberations. mant. We are passing through being very email. declared policy of H.M. Govern- Mr. Mayers has been succeeded in difficult and even critical times, but water must not be considered to The times of high-and low- The twenty-ninth annual ordin.ment to preserve a strict neutrality. China by Mr. B. T. B. Boothby, Sir David Barbour has helped coincide with the times of slack ary general, meeting of the British The funds sequestrated monthly by formerly engineer-in-chief of the much as any man to see to it that water and change of current, the 'hiness Corporation, Ltd. Marshal Chang Tso-lin from this Canton-Kowloon Rallway, I beg to the foundation of the British and two phenomena being quite was held on December 7, at the source--namely, the surplus corn move: "That the directors' report Chinese Corporation were wall and Cannon Street Hotel, E.C., Major inga of the Peking-Mukden Rallway and accounts now presented he and truly lald, and I know that he hopes
--would have sufficed In Walter S. Nathan, R.E., C.M.G., the months to extinguish all the arrears adopted."
a few they are hereby received and and belloves with us that we shal! Chairman, presiding,.
yet weather the storm. due to British bondholders and our- to secure selves; but all efforts recognition of the British liens on these funds have so far falled,
and
CIVIL WAR EVILS.
1
The Chairman sald: Gentlemen, The accounts for the year ended June 30, 1927, which are before you to-day, show on the credit alde that a sum of £34,000 odd of the earn- ings for the year being balance of interest due to the corporation from the Chinese Government, la in de- fault. The amount due under this heading is therefore set forth this year in the profit and loss account as a, deduction from gross profits and carried to suspense account in the balance-sheet.
Shanghai-Nanking Railway.
I
Sir David Barbour's Retirement.
Sir Charles Addis, K.C.M.G.: beg to second the adoption of the report and accounts. In doing so, I should like to add a word on the
I made mention last year of the loss which the corporation bas question rafsed by the Ministry of suffered by the retirement of Sir Communications regarding military David Barbour. His wide acquaint- transportation charges incurred ance with the working of the Indian but not paid for. In terms of the railway system and
his expert loan agreement they should be paid knowledge of high finance were for at half-rates, but, as there was freely placed at our disposal. Dur no prospect of collecting them, our ing a perfed marked by much un- authorised to certainty and deep misgiving, his I need hardly emphasise to you, negotiate a compromise whereby a £3,000,000 £4,000,000 gentlemen; the crippling effect on
the financial position of the cor-off to operating expenses. The net part of these charges was written £3,000,000|poration of the long-continued profits for the years 1924 and 1925)
failure of the Ministry of Com-were then determined by this munications at Peking to discharge rangement, and payment WAB
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA:
Incorporated by Royal Chater, 1863, HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund Reserve Liability of Proprio-
torn
Agencies and Branches:
MADRAS
ALOR STAB
Halay Blater
AMITHAR
BANOROK
BATAVIA BOMBAY VALUUTTA CANTON DAWNPORE DEAU COLOMBO DELIT
RAIPHONG HAMBURG
BANKOW
BUNG KUNG
ILOILO
IPON
KABAQU
KLANG
KOBK
KUALA KANGSAR
Perak, (F.M.H.)
KUALA LUMPUL XUOMINU
MANILA
KDAN
NEW YORK
PRKING
PENANG PKSHAWAR LANGOON
BAIGON BEMARANO SEREMBAN BHANGHAI SINGAPORE
BOURABAYA
TAIPING
(F.M.B.) TAVOY
TIENTSIN TOKYO
TONGKAH (Blinks
THINUTAU
ТОКОНАМА
ZAMBOANUA
(Philippe lands)
Foreign Exchange and General Bank-
ing business transacted.
Current Accounts opened and Fixed Deposits received for 1 year or shorter periods at rates which will be quoted on application.
J. R. GEORGE,
Manager. Hong Kong, 5th January, 1928.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO).
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by Special Imperial. Charter, 1899.
its liabilities towards us, but
representative
WRS
Ar-
we received of the one-fifth share due have, I am glad to say, no reason to net profit certificate holders for to attribute, the delay in making the year 1924.
these payments to any unwilling-
neas as regards that department of
The recurrent, outbreaks of civil
the Chinese Government to honour war in the region o. Shanghai and
its obligations. The department, Nanking have since then prevented
The resolution was unanimously adopted, and the retiring director and the auditors were reappointed.
· THE NEW FRENON REMEDY. THERAPION NĮ. 1 THERAPION NË,2 THERAPION NË 3
Mila Dianes, Mack to Chronie if ankuasa Bold byleading Chumlat 1, Denizbor 250 POTETE MAŽÍ FROM DR.LECLERC Med. Ca. Haverstock Rd.I.W.8.Lusdau lila davet 16. tresired de ann portsje të wylite fie dur 7112 lansat aplaion na te guiltaket.
HONG KONG MARKET
in common with the rest of the the railway from carning enough Beef Sirloin country, is suffering from the mill- to meet is loan interest at dus
tary usurpation of Government au- date. Consequently there was n thority.
default in respect to the coupon
The railways, though nominally under the control of the due on June 1 of this year, but I Ministry of Communications, con- am glad to say that payment of tinue in fact to be used as instru- this coupon was met in November ments of civil war whenever occa-out of earnings. The coupon due sion demands, and their earning on December 1 is, however, in de- capacity is, with one exception, gravely impaired.
Peking-Mukden Railway.
fault, and unt!! this has been met no cash balance le available for devidends on the net profit certí-: Beatco.
Shanghai-Hangchow-Ningpo Rollway.
Bullock's Braina
distinct.
January 6 to 12, 1928.
DATE
Jan.
BIGE WATE LOWER WATER Standard
Times Bt
Standard Timas
At
Fri.
6
1
Bat.
Sub.
9 49 45 | m a 6-10,8
173 1478.4
7 m 10.42 4.4 m 3 48 0.6
8 58 8.1
LK TE B.
ין
Mon, 8
Taos 10
Wed. 11
Thurs 1:
1
3
# 10a 4.3 m
10
321 a 24
10 18 7.6 9 39 3.4 0684.61 0.7 sea 7.4 4 173,5 A88 4.3m 0 3 1.0 II 37 6.9 4 093.7 184.87.13.4.4
49 18.0
PRODUCE.
APPROXIMATE RETAIL PRICES.
Butcher Meat.
牛尾鞭
Н
Prime Cut
M
Corned
1
Ronst
Breast
*
[1]
Soup
Steak
"
Steak Sirloin
+
Sausages
И
Tongue, fresh..
*
Tongue, corned
*
Head
Heart
#
"
Hump, Salt
Feat
#
Kidneys
Tall
B
Liver
H Tripe
Calves' Head & Feet.. Mutton Chop
The exception I have in mind la the Peking-Mukden Railway. Dur- ing most of the months of the
This railway has suffered from year under review this railway has not been directly disturbed by civil have affected the Shanghai-Nanking war, and its earnings have recently the same regional disorders which exceeded all records. But, unfor-line, and has defaulted on its re- tunately for British bondholders demption payments, although in- and this corporation, the respect terest charges, have been met. It for obligations, which we have been was in anticipation of the some accustomed to associate with he what low earning capacity of this Chinese reputation for fair deal-line that provision was made for ing, has not been shown by Marshal securing the loan, which was issued Chang Taolin and his subordinates, in 1908, on the surplus earnings Pig's Chitlings Yokohama, Kobe, who are now in control of thisˇrail- | of the Peking-Mukden Rallway, but, way. Its surplus earnings, which as I have already stated, the FORMOSA:-Giran, Kagi, Karenko, are hypothecated to the bondholders obligation to support any loan ser-
Keelung, Makong, Nanto, Shin-
deficit on the chiku, Taichu, Tainan, Takao, of the Shanghai-Hangchow-Ningpo vice
Shanghai- Tamsul, Toen, Heito, Taito.
Contral Bank in Formosa, Bank-Noles Lasued
Average amount.. Yen 45,000,000
BRANCHES AND AGENCIES: JAPAN: Tokyo,
Osaka.
Railway Loan of 1908, and of the Hangchow line by remittances from CHINA: Shanghai, Hankow, Amoy, Shanghal-Fengching Railway Mort- the Peking-Mukden Railway sur
Foochow, Swatow, Canton.
gage Redemption Loan of 1914, as plus earnings has not yet been OTHERS: Hong Kong, Singapore,
to this corporation, as recognised by Marshal Chang Tso- Soerabaya, Semarang, Batavia, well as Bombay, Caleutta, London, New security for the Peking-Mukden lin. York, Dairon.
Railway Double Track Loan of
LONDON BANKERS: The London County Westminster and Parr's Bank.
Centres in the Earopaan Continent, Rusia, Man-
etc,
The Cal
-Kowloon Railway has 1921, have been used by Marshal undergone many further vicis-
K
Leg...
"
Shoulder
Saddle
M
Bralous
Feat
Fry
Herd
み
Heart
"
Kidneys
*Liver
Pork Chop
Leg Loin "
Fat or Lari
Chang Tso-lin for railway exten-situdes during the past year,, with Sheep's Head & Feet.. slons and betterments, and, indeed, occasional evidences of improve-|
Heart
12
Kidneys
+
Liver
The Bank has Correspondents in the Cammercial for other purposes in Manchuria ment in the conditions in which the cruri, Taingia, Japan, Indo-China, Hlam, India without any regard for the specified small but devoted British staff has Pallippine Islands, Jara, Africa, 0.8.A., Australia, railway obligations to which they to carry on its work. Through Sucking Pigs, to order.
Interest allowed on Current Acuente, and should first be applied. Our own traffic with Hong Kong Fizel Depoalla at rates which will be quoted on application, Deposita in Yen can he macepted
was re-Buet, Beef protests against this flagrant and sumed in June, but there is no J. IHARA, long-continued infraction of agree early prospect of earnings being vel Manager. ments, and the diplomatic protests sufficient to meet interest payments, of H.M. Minister made on our be- which have been in default since
HONG KONG BRANCH:
8, Des Voeux Road Central. Hong Kong, 22nd September, 1927.
THE BANK OF CHINA. 行銀國中
(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917).
Authorised Capital Paid-up Capital
Reserve Fund
.$80,000,000.00 18,278,000.00 9,029,425,24
HEAD OFFICE: PEKING.
HONG KONG BRANCH;
4, Queen's Road Central Branches and. Sub-branches all over THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe,
LIMITED.
Established 1880,
Capital (fully paid-up) Yen 100,000,000 Yen 90,500,000 Reserve fund'
་་་་་་་་
Head Office:—YOKOHAMA.
Branchion and Agencies at: Alaxandria.
Batayla
Bombay.
Buenos Ayren,
Calcutta.
Canton
Changchun.
Dairen (Dainy).
Newchwang. Now York. Osaka. Peking. Rangoon Rio de Janeiro. Balgon San Francisco.
Fengtien (Mukden). Seattle.
Hamburg.
Hank w. Harbin. Hong Kong. Honolulu
Kai Yuen.
KarachL
Kobe. London.
Los Angeles. Lyona.
Nagasaki. Какода
Semarang.
Shanghai.
Shirinozaki. Singapore. Soerakaya.
Tokyo, Tainanta Tsingta Vladivostok.
(Temporarily closed).
Interest allowed on Current Accounts. Deposits received for fixed perioda at ratas to be obtained on application.
H'MORI,
„e Manager. Hone Kong, 18th September, 1927.
America, and other parts of
world.
London Bankers: The National Pro vincial and Union Bank of England, Ltd.
The Guaranty Trust Company of New York.
New York Bankers: The Irving National Bank,
The Equitable Trust Company of New York.
Interest allowed en Current Accounte
THE MERCANTILE BANK
INDIA, LTD..
HEAD OFFICE:
18, Grapeoburch Street, London, E. V.1. Authorised Capital ...£3,000,000 Subscribed Capital 1,800,000 Paid-up Capital ... 1,050,000 Reserve Fund and rest .. 1,545,807
BANKERS
The Bank of England Midland Bank, iad. BRANCHEN:
Konk Lumpur Bangos
Bangkok Galla
1925.
猪猪猪猪猪猪猪猪猪猪猪羊羊羊羊乳群群中午
구
午
<+E«$$@#KEESERBRU±BEERSBBB+BOBECER#BOBEOSZR8
Jan. 7, June, June,
1928. 1018. 1914.
Cta. Cls. Cie.
lb. 28 24 12
พ.
M
#
#
Figeons, Canton
Hoihow
Turkeys, Cock Turkeys, Hen Snipe Pheasant
Poultry.
口食康
Fruits.
Jan. 7, June, June, 1028. 1918. 1014. Cis. Cts. Ota-
29291899 1888 188
888|||91|~||
Chicken
28 23 12
P
16. 50 80
23
#
12
Capons, Small
46 28
FR
24
Capons, Large
**
-50 28
Duck
24
20 18
15
40
22
Doves
bach
22
20
18
Exrs, Hea (cooking)..
23
24
29
per doz. 82
18
Eggs, Hen (fresh)
40
85
Fowls, Canton
新鮮
39 25
65
40
20
J
per set 15
12
each 65
80
Fowls, Haluan Geece...
40
"
85 88
n
24
each 55 80
#
$1.20
-$1.20
口简
is
28
lb,
24
St
84
each 8
10
24
18 12
Ib.
E1
each →→→
16
28
.12
22
pair $2.00
Quali Partridges
each 26
lb.
24
18 14
80
7.6 7
set $1.20 $1.00 $1.00
Ib. 48
48
28
#
46
48
#
Almendr
# € 16.
70
85
27
Apples (California)
Per at 8
金山再熊
22.
lb.
16
籠山香您
6
12
28
15 18
Cocoanute
16
"
Lemons, China
10 *** each 12
12
each 15
10
Lemons (America)
15
10
**
Lichees, Dried
金山神廠 each 10
8
48
25 80
Ib.
80 80. 24
34 26
28
Oranges (Canton)
tr
Oranges
·新會機
P
11
15
,34
40
70
Pears (Canton)
12
»
Peanuts
24
PI
14
29
per set 85
70
Peralmmons, Large
exch
12
↑
Plantain
4
"
15
10
Pumelo, Stam
- each 18
.12
46
25
Walnuts
Ib. 18
Ib.
2u
26 22
Grapes
45
20 20
46.
18. 26
90 20
19
86 20 20
80
"
:
31
"
Mutton
Sausages
No. 1..
21
Fish.
Ib.
In July last we had a statement OFdrawn up showing in tabulated
Barbel form the defaults up to June 80,
Bream 1927, on the British loans and, ad- vances made to the
Canton Fresh Chinese Government under agreements en- Water Flah. tered into by the British and Chin-Carp ese Corporation and its associate Catfish company the Chinese Central Codfish
Crabe Railways, Ltd. The total repay- ments then fa rrear in respect of; Cattle Fish
Dab principal and Interest amounted to
Daco the equivalent of over £1,720,000. Of this total, over £1,00,000 belong Dog Fish
Eels, Conger to loans of public issue and about $720,000 to loans without public issue. Coples of the statement were submitted to the Foreign Off a and by them transmitted to H.M. Minister in Peking,,who in turn forwarded them to the various Consula-General with a view to bringing pressure to bear upon the Chinese regional authorities.
| Batavia · Hongkong Kuaniap(Pabang) Shanghai
Bombay Lowent
Madras Calenita Kandy Non York Colombo Karachi PALADE Dobi
Blagapor
Bourabay
Kata Ebara Pert Louis (Mauritima)
HONGKOND BRANCH.
Xrary description of Kaking and Exchange bal INTEREST allowed on Current Accounts at spar cant. per annus on Bally Balance and on Fixed Deposite at rates that may be ascertained on Application.
7. Queen's Bond Central, Hongkong, Jana 19. 1990
3. L. U. SANDMA, Manight,
and Fixed Deposits. Terms on applica- THE BANK OF EAST ASIA, LTD.
tion.
Every description of Hanking Buni-...
ness transacted..
HEAD OFFICE: HONG KONG.";
No Dividend Possible.
Fresh Water
Yellow
Frogi Garoupa Gudgeon Herrings Halibut Labrus Lorch Lobsters
Mackerel
From the foregoing summary of Monk Fish
the railway position in China it Mallet
Loans granted on approved securities. 10, Des Voeux Road Central, Hong Kong will be evident to you, gentlemen, Oysters Special facilities for Home Exchange.
SHOU J. CHEN,
Manager:
Paid-Up Capital Rescive
THE BANK OF CANTON, LTD.
Established 1912.
Head Office Hong Kong.
Aniboriand Ospital (ILK.Currency)... £1,000,000 Pald Up Captat........
BOGA 280 850,000
Reserve Fxades suivan
BRANDIES 1--: Caston, Shanghai, - Hankow, Bwszow. Bangkok Naw York, and Ban Francisco,
· · LONDON BANKERS:—
The Lloyd's Bank Limited.”
QOELESTOND BISTE BA
J'all pelnipal cftler of the World.
Totalcs szohange and taaking bodases of
BRANCHES AND AGENCIES:-) Batavia Melbourne San Francisco Bombay Nagasaki Seattle Calcutta New York Semarang Canton
Osaka Singapore Haiphong Paris Honolulu Feking Sydney
Penang
Sourabaya
that the board cannot recommend Parrot Fish Authorised Capital ......$10,000,000 the payment of a dividend. But, Ferch,
5,000,000 1,200,000 RI Bald last year, the disorganisa- Pike
tion In China from which we are Plaice suffering must surely be followed Pomfret, Black in time by a resumption of railway Pomfret, White control by authorities willing and Praw able to meet their obligations.Ray... Though my recent visit to China Rock Fiab does not inspire optimism as to any Roach speedy Improvement in conditions,
Salmon I gained the impression that the
Shark Chinese people are becoming in tolerant of the tyranny and misery Skate Inflicted upon them in recent years Shrimps by military usurpers in a struggle
Snapper for place and power in which the Boles.. welfare of the country at large is Teach subordinated to considerations of Turbot personal ambition and advantage.
Kabe Kowloon London Manila
Rangoon Saigon Shanghat
of the world.
Taineh Tientaln Tokys
Correspondents in
in sil principal cities Every description of Bandon
of Banking and Exchange business transacted. Loans granted on approved securities.
SAFE DEPOSIT BOXES to let
GALKAN TONG FO
Rekaman Chint: Manager, Hong Kong, 19th February: 1927. · Hong Kong, 21st March, 1927.
Bus Depot Bexe (yurione sisse) at a yearly
LOOK POONG BILAN,
Chies Manager.
聲器
** *
#47REE • #22***H DERESÈGE DES MERE SE SERMAGI
20
ន ឌ ឌ ឌន មុឌគឺ ១៥១ ននននន ឌន មុនខ្លះដ
A
** ** * *** 288 | R&R98* *88** *88896*18*8*****81.
Bananas (bride's) ...
Carambola
#
Vegetables, &c,
Artichokes Beans, Sprout ...
Beach 20
(Shanghai)
#
ེ་སྦྱོ ༅ ་བ མྦཱ དེ བ བ བ བ འཚོ ་༤ ལ བླ བ བ བ ལ བ མ འཐ
5
14
10
Red Cabbage, Chinese
Cane Shoots, bunch....
Cauliflower (Large)..
(Medium), cach 16
(Small)
無轉來花
Carrots
Celery, Chinese
Chillion, Dried
Long
19
24
Beet Root
20
16
Ritter Squash
Brinjala, Green
It 22
13 16
16 27
12
20.
25
28 26
16
2
23- 10
20
10
45
16
25
10
18
Red
26 80
Green
32 * 25
Curry Stuff, English
## P 紅辣椒 脊花
40 80
22
18
Cucumbers Garlie
架瞰材料
26 18 28
28.
22:24
32
21
28
20
26
18
2
18
2
80
22
14
20 15.
160
8080
Lettuce
18 16
22 18
$26 29
10B 10
Ginger, Young
Old
Horseradish, Shanghal.
Indian Corn
Water Chestnuts
生榮
Mandarin. #*#
Mushrooms, Fresh .......... # # # Okroes
Ontons, Bombay ##
Parsley
Green Shanghat
Potato, Sweet
Japanese
"American
Pumpkin
Radish
Rhubarb (Fresh)
Shallots Spinsch
Tomatoes
Xurnipë; Punti (Lás
Vegetable Marrow Water
Water Lil-1 Boot
1|1|2⪜༠g「སྐ 1ཞཱ༐ 1༄% !
****** 199** ||
12
Б
7
12
8
12
10
8
9 10 0
25
25
16
10 16
16
8 12
10
8
108
7
6
5 7
B 10
8
45
60