HONG KONG AND SHANGHAI-

BANKING CORPORATION.

$90,000,000

authorised Ospital yaranma Torned and Pulls Faldap... .... $10,000,000 Korte Funda Jana

Starlingapore : momen56,000,000

Mira Visa

$5,805,000

Smarte Liability of Prepristone - +1-890,003,000

HEAD OFFICE: HONGKOND

COURT OF DIRECTORS Jun Nor.Kr. D. G. M. Deckard,

Chairman,

A. IL Compton, Mag. Deputy Chairman.

W. i. Dail, Beg.

N,

Brown Ka

W. E. Pattenden, Esq.

T. 0. Wazil, Maj,

I. P. White, Ke.

Osiet Manage

A. Macrown, Bay,'

G. B. Mackie, Kez.

Hon. Mr. A. O. Ilyses.

BRAUCH KE:-

AMUT

BANGKOR

BATAVIA

DOMBAI DALCUTTA BANTON

DOLOMBO DAINEN FASCIO"

НАТРНОМО

HAMURO

BANKOW

HARMIN

HOMOKEW

ILOILO

IPGH

JOBORE

KOBI

KUALA

"LUMPUB

LONDON LYONG

MAL4004

MANILA

MOULDEN

NAGAHAKI

NEW YORK PEKING

'PEN ANU

RANGOON BAIGON

BANSIRANGILOO

SHANGILAT

NINGAPORE

· YOUREKATA

BUNDKI FATANT TIENTSIN

TOKYO

THİNGTAO

YOKUHAMA

Durrent accanis opened in Lonal Dartner and Fixed Deposits teosired for one year OT shorter period in Local Currency and Starling on terms which will begnoted on application,

Hong Kong, 19th September, 1997,

HONGKONG SAVINGS BANK.

The Business of the above Caak le com. ducted by the HUNUHONG AND HUANGHAI SANKING CORPORATION. Kalum may be obtained on applicados

JOH. THE HONGKONG & HILANDHITAT BANKING CORPORATION,

4. О. Пушк

Chief Maunger

Lengkong, 13th Beptember, 1977,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

08, Boulevard Haussman, Paris,

Subscribed Capital

Paid-Up Capital ... Reserve Fund

Fra:72,000,000,00

Fr.88,400,000.00 Fra89,384,510.10

Bangkok

BRANCHES: Hanoi

Cantho

àlengize

Canton

Nam Dinh

Pondicherry Saigon Shanghai Singapore

Dibouti Koumea

Tientsin

Tourano Vinh

Battambang Hong Kong

Fort-Bayard Papesta

Haiphong

Bookow

Peking

Inom Penh Yuansofo

BANKERS:

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

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

IN NEW YORK: J. P. Morgan &

行銀商工法中

BANQUE FRANCO-CHHINOISE

.pour le

Commerce.et L'Industrie. (Incorporated in France).

HEAD OFFICE: 74, Rue St. Lazare, Paris.

5, Chater Boad, Victòria, Hong Kong.

SHARE MARKET.

FIRM TONE FULLY MAINTAINED.

and

Capital fully paid up ....Frs.50,000,000 Special working capital..Fra,50,000,000 Reserves Fund.........Frs.15,804,985

Paris

Salgem

Pezing

Touraną

BRANCHES: zyons

Marseilles Halybong Hanoi Shanghai Tientsia Vinh Puomi Pont

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

Paris et den Pays Eax... LONDON-Midland Bank Ltd.

NEW

YORK: American Exchange Irving Trust Co. SAN FRANCISCO:-Bank of Italy.

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

Á. BOLLIN,

Maneger. Hong Kong, 1st January, 1928,"

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Chater, 1858. HEAD OFFICE: LONDON. Paid-up Capital

£3,000,000 .£4,000,000

................. £9,000,000 Agencies and Branchen:

Reserve Fund Reserve Liability of Proprie-

tor

ÁLOH ETAE

. (Malay Htalos

AMELITUÁR

НАМОКОК

BATAVIA BOMBAY CALCUTTA CANTON

DAWNFORE CRAU

COLOMBO

HAIFUONG

MADRAS

MANILA

MEDAN

NEW YORK

PEKING

PENANG

PESHAWAR BANGOON

SAIGUN SEMARANG SEREMBAN SHANGHAI SINDAPORE BOURABAYA ΤΑΙΡΙΚΟ

on

THE CHINA MAIL,

COMMERCE

AND.

FINANCE.

|TRADE WITH CHINA,

LANCASHIRE MEETING WITH FOREIGN COMPETITION.

was

SATURDAY, JANUARY 21, 1928.

(Continued on Page 5)

WATERBOAT CO.

PROFIT FOR THE PAST YEAR.

that, to compete with Japan for the Japanese article but, value for followed that provision must be the main lines of the trade in value, to go one better. China was made that those who had borne the China, they must look to close impoverished and the cost of mak- Initial sacrifices, must enjoy their collaboration with a view to the ing clothing had considerably in- share in the profits of the unit ultimate concentration of the pro-creased; articles were required for which would ultimately; produce duction of certain artistes in, one the bulk trade which, while good and distribute the goods. unit which would care for the spin-in appearance, were strong and. In order to solve its present dif- ning, weaving, bleaching, dyeing, durable, and in the production of culties, Mr. Ellinger said It should or printing, making-up, packing, which sufficient of the cost had not be necessary for Lancashire to and merchanting, He did not been apportioned to cotton and not find a Ford, a Morria, or a 'Mond, mean one enormous organisation too much to finish. In the search They could help themselves as they which would control the major for suitable articles all the avall had always done, but they wanted part of the export, but rather the able brains of Lancashire were a plan and they wanted it quickly." formation of many units, each one wanted.

Lancashire, Mr. Ellinger pointed of which would concentrate on one particular quality. There were out, was at present working 66 per certain qualition of grey goods, cent, production on 100 ̊ per cont. white shirtings, dyed goods, etc., overhead. In order to give the Meserà, Moxen

Taylor's A most interesting and extreme-which were bought in the Chiness | suitable quality, when found, a ly valuable contribution to present-market under one "chop," in start on the market and pending weekly share report states

day suggestions for the re-quantities sufficient to keep some the time when it could be marketed January 20:-

organisation of certain sections of whole units going on that one by bulk production and distribu- The firm tone of our market re- the Lancashire cotton industry article alone.

tion, it might be necessary for

The Union Waterboat Company, made

Barnard issues Was Ellinger in a paper read before

by Mr.

everybody concerned to be satisfied Limited, advises that, subject to Need For Mass Production.' ported in our recent

with nothing or very little towards audit, the net balance. at Profit and fuily mafatalned throughout the the Manchester Statistical Society He suggested that the cotton profit or overhead charges over and Loss Account for the year ended past week during which a strong on November 9,

trade could be divided into two above their out-of-pocket expenses. December 31, 1927, is $63,503.24, Mr. Ellingor dealt in particular branches the part which lent itself In order to facilitate firms work which amount the members of the buying element caused a general rise in prices and the close is mark-with our trade with China and the to mass production and distribution ing on those lines the necessary Consulting Committee will, at the serious losses thereto which could and the part which did not. In the capital outlay and risk of loss approaching mesting of share- ed by a very firm tone with bayers be 'attributed to the inroads of past Lancashire had been too afraid should be divided as widely as pos-holders, recommend to be allocated

Japanese competition.

of taking any steps detrimental to sible and in accordance with the as follows:--- all round.

In the restricted space at our individualism; even if it was neces- principle of ability to bear, and not Pay a dividend of $1.25 We take this opportunity of wish disposal we cannot hope to do sary to maintain this individualiam necessarily be confined to those per share ing

Chinese Clients and Justice to the most exhaustive in its present form for one part of engaged in producing and distri- Pay a Bonus of 25 cents our

statistical review thus achieved. the trade this need not prevent a buting goods in quantities. Firms per share Friends a prosperous New Year.

We cannot, however, allow the resort to mass production and dis- and persons would not, of course, Transfer to Insurance Shanghai market is quiet.

opportunity to pass without placing tribution to recover certain other undertake the work he was

sug- on record the following summary lines of trade which had been gesting unless they could be satis-Transfer to Special Re- -taken from the "Manchester taken from us. As to the general fied that they were to be rewarded Guardian" which serves to

in principles which should underlie for their initial risks and losses Carry forward to New Banks: Have again advanced indicate the nature of the proposals any such plan, the way to meet when the business was ultimately Japanese competition in any given duced on mass lines.. It therefore London, this time which has put forward. been followed by a corresponding

article was not slavishly to imitate taken out of their hands to be pro- rise in our local market and bual

has been done as high as $1,190, while sclera are now ask ing $1,200 for further business.

Unions:-Have been done at $301 and close with buyers at this price.

The following are the principal alterations since last week:-

ness

a

Canton Insurances & Hong Kong Fires:-Continue to meet with steady demand at quotations.

Douglases: Are unchanged. Steamboats:-Suffered a decline and shares are on offer at $25% TONGKAN (Bhuket) without attracting buyers.

DELHI

BAMBURG

HANKOW

LONG KONG

TAVOY

TIENTMIN

TOKYO

ILOLLO

IPUB

KABAGH

KLANO

HOBET

KUALA KANGSAR

Perak, (F.M.H.)

BUAFOL

(F.M.5.)

TSINGTAU

YOKOHAMA

ZAMBOANGA

(Philippine Islamala}

Foreign Exchange and General Bank. ing business transacted.

Current Accounts opened and Fixed Deposits received for 1 year or shorter periods at ratca which will be quoted

J. R. GEORGE,

Manager.

on application.

· Hong Kong, 6th January, 1928.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO).

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formon.

issued Average amount

Co French American Banking Cor-Bank-Notes poration; Guaranty Trust Co. of New York

Interest allowed on Current Account and. Fixed Deposits according to arrangements.

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

CH. LEM,

Manager. Hong Kong, 28th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY}}

BANKERS

Established 1834

Hong Kong Omon :--11 Queen's Road Central)

Authorised Capital

Paid-up Capital

Beentry Fund.

Guilders £50,000,000

(2:12,600,000)

Guilder 80,000,000

120,000.870.) Qulidərs 20,000,000

( £2.325 129,1

Hoad Oos-AMSTERDAMO Fasterz Head Omos;—BATAVIAS SBANCHES;-Bandjerwasia, Bandong) Dot-

bay. Caloutla, Überibon, Jid. *, bloklakaria), The

Kotafadha

Padang

Hagu Macar Palombang.

bal, Djembe be

Medan. Paap Pontianak, Balonlardan

Kamarang), Bisagbal, Bibelgm (25:FRAZER > Boarabola, Sr karta (Solo), Tegal, Tilistip and Weltevreden.")

17 hasa paleen have sta dapost boxes to lat. Londen

Bankers-National Provincial Baat 144.

Correspondents all over the world (Ranking business of every descriptian transszied."

O, STERNSTRA

flongkong, 10th July, 10.

Manager.

:

Yen 45,000,000

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

Овака.

Hong Kong Tugs:-Have firmed up to a buying rate of $2.35 shares having changed hands at $2.

Waterbosis:-Are quiet at quo-

tations.

had

$94,669.75

**6,990.75

Fund

5,000.00

paira Account ......

10,000.00

Account

6,018.74

$63,508.24

HONG KONG MARKET PRODUCE.

"In a preliminary survey of the trade, Mr. Ellinger pointed out that, since the beginning of the war, the trade with China changed to an appalling extent. In 1913 nearly two out of every three pieces of cotton goods im ported into China had come from Lancashire; in 1925 three out of every four came from Japan. The counted for the loss of our trade overwhelming factor which

was the factor of cost. The remedy could only be found, he suggested, by a thorough examina- tion of Japanese methods of pro- Beaf Sirloin duction and distribution; and to such an examination the greater part of his paper was devoted.

AC-

2

Butcher Meat:

Japan's Chief Advantage. Mr. Ellinger gave reasons for disagreeing with the suggestion

the Steak Sirloin that Japan's proximity to market gave her a great advantage

, Sausages in China, and he disputed also the Bullock's Brains view that there was similarity of taste batween the 2 close.

two countries. He thought.Japan's Hong Kong Lands:-Had a quiet chief advantage came from her week but buyers have again enter-methods of mass production and od the market and are offering distribution, which the present or- $6314.

ganisation of the industry prevent-

Star Ferries:-Eased off a trifle and after sales at $63, have no fur-

ther buyers at the moment.

Jan. 7, June, June,

Pigeons, Canton

"

Turkeys, Cock

Turkeys, Hem

Snipe

Pheasant

Quafi Partridges

#

each →→ 22

# ##

$each 56

*ma. lb. 05

"-86

#88xalaaas || 191 |*|

APPROXIMATE

RETAIL PRICES.

Poultry.

Jan. 7, June, June,

1928, 1918. 1914.

1928. 1918. 1814.

Cts. Ct. Cla.

牛路靶b.

Cts. Ctal Cts.

28

24 12

Primo Cut

Chicken

28

23

19

1b.

50

80

31

#

**

Corned

Capone, Sma!!

23

12

#1

45

28

H

» Roast

Capone, Large

" 50 28

28

24

22

-

Dock

Breast

40

22.21

24

20

18

,, Soup

Doves

24

20

18

F

Steak

Eggs Hen (cooking)..

per doz. 32

18

23 24

92

Eggs, Hen (fresh)

38

25

H

40 30 8a

Fowls, Canton

40 20

20

Fowls, Hainan

本地生

b.

05: 86

12

40

ཟ་

J

Tongue, fresh.. Tongue, corded

per set 15

10

12

Gcere

45 24

each 05 GO

60

80

00

Head

Holbow

28

W

*

Heart

$1.20

-$1.20

Ib.

24

18 14

11

Kump. Salt..

20 34

18

火燒麵

BO

151

Feet

T

A

Kidneys

each 8 10

12

淨奶each

pair $2.00

+

15 10

12

Tall

28 20

22

each 25

Liver

29

80

27

24 18 14

21

Tripe

7

7

get $1.20 $1.00 $1.00

ib. 48 28

* 48 28

46

2

40

35

27

Feet

Por sat 8

Fry

Ib. 18 16

28 18 18

Coconuts

Head

"

16 20

Lemons, China

Heart

13

JT

Kidneys

each, 15

10

10

15

10 8

Liver

"

Lichees, Dried

lb.

60 20

24

Chop

12

34 25 29

Leg

94

"

Loln

40

70

15

Fat or Land

24 21

P

60 70

each 12 B

Persimmons, Large Plantain

15 12 10

45

28 25

*

25 22

Pumelo, Stat Walnuts Grapes

80

20 18

48

20 28

38

20 19

20

20

Hong Kong Hotels:-Met with a ed in this Country. Unless Lanca brisk market and many shares shire was prepared to cater for the changed hande at $84; they close bulk business on lines almilar to with buyers at $8.85 with no sellers. the Japanese, it must be content. Humphreys Estates:- Continue with the mare fringe of the luxury in demand at $14% with sellers end of the trades and even there Calves' Head & Feot.. holding out for rather more. Its present organfaation must be Mutton Chop

Hong Kong Trams:-After busi-accompanied by never ceasing en- nesa done at $23.80 had a smart terprise in the production of novel- ties. Lancashire must not only rise and at the close are in great

again become as enterprising and demand at $25.

inventive as she was before 1013-

China Lights:--Maintained their firm position and would now find FORMOSA:-Giran, Kagi, Karenko, buyers at $144 for the combined

Koolung, Makong, Nanto, Shin-shares. ehiku, Taithu, Tainan, Takao, Tamsul Toen, Heito, Taito.

Log

13

#t

Shockder Saddle

TI

Pig's Chitlings

Braina

and had not been since but in order to recapture the large bulk trade she must adopt new methods. Provided that were done he thought China Providents:-Met with a the times were propitious and the CHINA: Shanghai, Hankow, Amoy, steadily rising market and came to prospects hopeful.

business at $4.80/.70 while $5. In Foochow, Swatow, Canten.

Buruming-up the broader OTHERS:-Hong Kong. Singapore, would now be paid for any more issues, Mr. Ellinger described the

Batavia, shares offering. Boerabaya, Semarang,

main causes of the loss of trade Pork Bombay, Calcutta, London, Naw York, Dairen.

Realties:-Owing to rumours of in China as two. During and since an impending dividend have been the war, he said, while Japan had The London County Westminster and much in demand and after coming been enormously energetic in in- to business at $7.30/.40 close with strong buyers at $82 with no

LONDON BANKERS:

Farr's Bank.

The Bank has Correspondants in the Commercint Centros la the European Continent, Russ's, Man- chusta, Tsingtao, Japan, Indo-Chink, Niam, India Philippine lands, Java, Africa, V.B.A. Anstella

etc.

Intarost allowed on Current Accounts, and application, Deposits in Yen can be accepted

sellors.

"

?

BBBBBBBBBBBB*****RREË ****

#

Heart....

Kidneys......$ Liver.....

+4

وه

vention and enterprise, we had Sheep's Head & Fest.. per set 86 been singularly lacking in thoge qualities, partly perhaps because we had turned so much attention China Sugars:-Are unchanged. to the development of the artificial Cements: A strong demand con- Pissd Deposit at raise which will be quoted on tinued throughout the week and silk trade that we had allowed the Sucking Pigs, to order.

development of goods made only Sust, Beef the combined shares changed hands from cotten to suffer. In the at $94. they close with buyers at second place, 1. IHARA,

we had failed to Veal $94 with few if any sellers.

adapt the organisation of the in- Dairy Farms:-Were in great re- dustry as a whole to changing con- 8, Des Voeux Road Central.

a buying ditions, and our costs for the bulk Hong Kong, 22nd September, 1927.quest and advanced to

rate of $18 without attracting trade were thus too high. We could sellers.

HONG KONG BRANCH:

Manager.

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

Wharves: Changed hands $129.

not meet Japanese competition at by a reduction in any one of the Barbel

many items upon which the cost Breams... of our goods, depended, but he thought it could be met by a re- Canton Fresh

Docks: Experienced a further rise and have buyers at $4134.

Electrics: Following the

gen-

duction in all or most of them.

Water Fish. He suggested the formation of a Carp eral trend of the market rapidly rose committee, to work in conjunction Catfish $60,000,000.00 throughout the week and shares with the Chamber of Commerce, Codfish 18,278,000.00 were taken off the market at prices whose duty would be to conduct Craba 9,629,425.24 ranging from $64/5; at the close a meticulous investigation into all Cattle Fish

further sharp rise had taken place, those charges in comparison with Dab and they were in strong demand at similar charges in Japan.

The Dace work would possibly take a year London Quotations of January or more, and the committee would Dog Flah 18:-Banks £128; Indos Deferred have to be provided with neces £4.15/-; Shells £4.5/-, all middle eary funds, prices.

HEAD OFFICE: PEKING.

! $68. HONG KONG BRANCH: 4, Queen's Road Central. Branches and Sub-branches ail over THE YOKOHAMA SPECIE BANK, Chius, and Correspondents in Europe, America, and other parts of the world. London Bankers:The National Pro- vincial and Union Bank of England,

LIMITED.

Established 1889, Capital (fully paid-up) Yen 100,000,000 Reserve fund

Yen 90,500,000

Head Offices-YOKOHAMA,

Osaka.

Peking.

"

Branches and Agencies at: Alexandria.

Batavia.

Newchwang. New York.

Bombay.

BusDon Ayres.

Calcutta.

Canton

Dairen (Dalny).

Changchun

Rangoon, Rio de Janeiro. Saigon. BAN Francisco. Fengtien (Marden). Beattle,

Hamburg.

Bankow.

Harbin.

Hoar Four.

Honolulu, Kal Yuan. Karachi

Robe

London Los Angeles.

Nagasakk

Singapore,

Soerahaya. Sydney. Tientsin.

Tokyou!

*Tainanta

Thingtas. Vladivostok.

(Temporarily closed).

Nagoya,

Interest allowed on Current Accounts. Deposits received for £zed periode at rates to be obtainad on 'application.

H. MORLAN

Hey Kong, 18 September, Lar

Lid

Exchange: The demand selling rate on London is 2/-3/16; and the T/T. on Shanghat is Tls. 78...

Next Settlement Day is Monday,

The Guaranty Trust Company of New York,

New York Bankers: The Irving January. 30. National Bank.

The Equitable Trust Company of|-- New York.

Interest allowed on Current Accounts

Eels, Conger

Fresh Water Yellow

Proga Garoupa Gudgeon

Herrings

龍肚 水

~ ~ ~ ~ ~ ~ *ARASSIAаЯAÑA ŞAGAABR | 888-9RKS8881

Almonds,

Fruits.

Apples (California)

Bananas (brite's)

Carambola

Lemons (America)

Oranges

Oranges (Canton)"

Pears (Canton) Peanuts

Artichokes

Long

Beans, Sprout

Best Root

Bitter Squash Brinjals, Green

15

Red

Cauliflower (Large)

Celery, Chincre

Chillles, Dried

Red

仁菜子平 夯生柿燕筷子

15.

287 1989-***

*** || 122*# } }

#

18

each 12 10

lb.

12

each 10

8

荔枝

b.

48

新會甜疆:

"}

11

15

*

12

14

#

10

J

20

each 18

#E

響健

A

45

Pa] §¤ | I

M

91

Mutton

Bausages

Vegetables, &c.

No. 1..

each 10

lb.

5

Fish.

tr 14

8

b. 70

24

Ib. 10

26

10

#t

7

H

22

16

7

海鮮

5

25 10

27

Cabbage, Chinese

14

28

g

П

(Shanghai),

#F

#

5

30

20

25

Cane Shoots, bunch...

#

21

8

45

20

28

2

(Medium).

each 16

38 28

16

22

(Small)

中篇 ̇花

J 12

42 20

Carrots

緗梛榮花

10

11

10

*8

8

B

45

常臭榮

30

10

25 10

18

20

#T

26

25 5

22

30

Green

紅辣椒 H 15

10.16

25

Curry, Stuff, English

青花椒

15.

12

78

30

Cucumbers

̇架脂材料:

10

80

22

18

Garle...

10

2

25

28

Ginger, Young

3 6

80

16

6

#

Old

28

18

6

75-

24

Indian Corn

45

32

21

Lettuce

28

26"

80

2

26

30

16 22

28

249

Okroes

28

2015

80

168

Green...

40

29

Shanghal

44-96

80

Paraloy

48

45

Potato, Sweet

60

14

Japanese

日本最佳

14

American

18

Pumpkin

16

Rhubarb (Fresh)

Hopes From New Generation. Referring to the loss which the cotton Industry had suffered by the young men who were killed in the war, Mr. Ellinger said that we must look to the rising generation Hallbut to regain at all events a large part Labrus of what had been lost. There was Loach

and Fixed Deposits. Tormis on applica- THE MERCANTILE BANK OF no reason to despair or to think Lobsters

tlon.

Every description of Banking Bust- ness transacted.

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

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD..

Established 1912.

Hasd Offos-Hong Kong.

Authorfand Capital (EL.K, Currency).... 11,000,000

Isid Up Caplis) jan

· Rasters Finder fun

AKANTIES 2.

$20,000

Canton Baghala Hankow, Brstow, Karton, New York and Ban BrandINDO

· LONDON BANKERS...

The Lord's Bank Limited.

POGEERSPONDENTS, AN

Tačali primeipal cities of the Worlat Foreles wmbangs sad, banking business” of Writy description trumenated, got SORANA ZA 2. Baia Deponit Bertos (prurlana alman) as a yearly cabal of from 5 to $60,, A PASSION

LOOK POONG SHAN:

Gavin Ohlet Manager, Hong Kong, 19th February, 1987,9

INDIA, LTD.

HEAD OFFICE:

18, Gravenhurch Bleest, Londen, X. 0,1, Authorised Capital ...........28,000,000 Subscribed Capital 1,800,000 Paid-up Capital ... 1,050,000 : Reserve Fund and rest ../1,545,667′′

DONE BANKERS

that they would not be able to do Mackerel it; their minds had not been dis- Monk Fish turbed by the war or its after Mallet math, and their resource and grit Oysters should be no less than that of former generations of Lancashire Parrot Fish men. Should their effort result in Perch failure there would be a very wide Pike.. application during the next decade Plaice

or two of the old Lancashire saw Pomfret, Black

that there were but three, genera: Pomfret, White

The Bank of England Bank, tions between clogs and clogs, Prawns

, L

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It had been stated recently that pay

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the organisation of the average ex Rock Fish Bearbagsport merchant in Manchester was

very good, and be thought that was Roach probably true. But it did not fol- Salmon low because individual houses were Shark well organised that there could be nothing wrong with the organisa- relied too much on maintaining Snappe tion of the industry. They had Shrimps their efficiency through internal Soles competition. However suited anch| Tendi methods might be to certain parts | Turbet. of the trade, he was confidant portfen,

HONGKONG BRANGE. Every densription at anking and Exchange bele bbet, per inom on Bally Balason and an Fizes LITEREST Niewed en Durrent Accounts at 2 per Dapodichas estan that may be secerinized on application.forERO

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