A TRYING TIME.

INCREASING FACTOR IN WEST

STIFF COMPETITION.

MONEY & SHARES.

TO-DAY'S QUOTATIONS,

Bank wire... Bank on demand Bank 30 day's eight

|Credit 4 months' aight 2/1%

Documentary 4 months'

sight...

On Pari

On demand

THURSDAY, APRIL 5, 1928.

DAILY CROSS-WORD PUZZLE.

(This cross-word puzzle has been made by an expert but pur meaders are warned to look out for occasional phonetic spellings, such as harbor, plow, and altho.)

HONG KONG AND SHANGHAI BANKING CORPORATION.

authorised Capitninerayaa 149 880,000,000 Inevad and Fully Paliep ... ... #10,000,000 Berto Panda-

erung £8,000,and

Reserve Liability of Proprietose. ««»@20,000,00%

HRAD OFFICE! KONDIUNG

COURT OY DIRECTOKA :—

A. 2. Compton, Keq.

Chairman.

M. Brown, Xaq. Deputy Chairman,

W, Fl. Neil Saq.

Mr. B. D. P. Belth,

8. Mokie, Raq

行跟商工法中

BANQUE FRANCO-CHINOISE pour la

Commerce et L'industrie (Incorporated in France).

5. Chater. Road, Victoria, Hong Kong.

NEAD OFFICE: 74, Rug St. Lazare, Paria.

Capital fully paid up....Frs.60,000,000 Special working capital..Frs.50,000,000 ›y. -Frs.15,304,985 Reserve Fund

W, J., Pattenden, Kag.

BRANCHES.

T, G. Well, Kay..

Paris

Lyons

Marseliles

5t, P. White, Esq.

Peking

Saigon

Tourene Vinh

THE CHINA MAIL,"

COMMERCE

AND

FINANCE.

On London

2/- 1/8 27-8/10

15.

17 16

18

BANK OF CANTON. NETHERLANDS COAL, Bank 4 months' sight... 21. I

9

10

12

3

124

НЬ

17

18

19

DISTURBANCES REDUCE PROFITS.

2/14-

EUROPE.

20

121

240

23

1247

(24

125

26

27

Credits, 4 months*

sight

18222

20

|30 ·

On Berlin-→→

34 33

136

On New York-

37

491

39 HO

42,

On Bombay→

184 184

45 46

147

49

49

50

151

52

153

184

54

155

56

57

158

1841

59

[60

142

87

6)

64

6b

98

68

78%

A. Mangawka, Kag,

SMUT

Chiel Manager

1. Mr. A. O. Mysen,

BANGKOR BATAVIA

BRANOITES:-

BOMBAY

CALCUTTA

CANTON

GĦEROO

COLOMBO

DAIREN'

BOCHOW HAIPHONG HAMBURO HANKOW HABBIN HONGREW

CUTLO

ТРОН

JOHORI

KOEK

KUALA

LUMPU'E

JOYDON VYONS MALACCA

MANILA

MOOKDIN

НАПАЛАКТ

YET YORK

PERIYA

PENANG

LANDUON

BAIGON

SAN FRANCISCO

SMANUTAT

SINGAPORE

SOURARATA SUNGEJ PATAXI TIENTSIN

TOKYO

THINGTAO

YOKOHAMA

Cerrant Accounts opened in Local Currency and Fined Deposits récaired for one year of shorter perioda la local Carrancy and Berling on term which will be quoted on applica

Hong Kong and April 2019.

HONG KONG SAVINGS BANK.

The Basics of the shove Bank le con. dsound by the iCONTRONG AND SHANQUAL BANKING CORPORATION. He may be

Med on application.

FOR THE BONGKONG

SHANGWAL

Shanghai Tientsin Haiphong Hanoi

BANKERS:

Pnom Penh

FRANCE: Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays Bas.

LONDON: Bildland Bank Ltd.

The 17th ordinary general As a growing factor in interna- meeting of the Bank of Canton, tional coal trade competition in cer- Ltd., was held yesterday in the tain European markets it is im. On demand Bank's board room. Mr. Li Yuk-possible for British exporters en- tong, chairman of the Board, tirely to leave out of account the end presided, and was supported by progress being made by the Dutch Credits 60 days' sight 509

NEW YORK:-American Exchange the following directors:-Messrs.

Irving Trust Co.

Li Sing-kui. Choy hong, Li Yuk-cal industry, these particular SAN FRANCISCO:-Bank of Italy. mui, Lau Siu-wan, Tam Woon. markets being not only in Holland Wire

Every description of Banking and tong, Li Po-kwai, Chan Fu-itself, but also those in Belgium On demand

Cor-cheung and Li Tsz-chung (Mana- and France, and, to a lesser extent, On Calcutta--

those in South Germany and Swit-Wire Exchange Business Transacted.

ger). respondents throughout the world.

zerland, whither shipments of both On demand A. ROLLIN,

On Singapore---- Manager.

On demand British and Dutch coal take place

On Manila- Hong Kong, 1st January, 1928.

along the Rhine

According to the annual report!

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1863. HEAD OFFICE: LONDON. Paid-up Capital Reacrve Fund

Reserve Liability of Propriu-

tors

£3,000,000

were

Shareholders present Messrs Kwan Shu-john, Lam Kui-loung, Cheng Yuet-po, S. M. Churn, Ng Chook-chuen, J. H. Law, Tam Tsz-tang, Lui Shiu- ching, Yau Sam-sing, Yuen Seng- kam, Li Shu-fong, Choy Tin-yat, Leung Yuk-san, and Li Ping-chiu. The Chairman, in moving the adoption of the report and ac-

24,000,000 counts said;--

Agencies and Branches:

ALOE STAH

(Melty State

AMRITSẨU BANGKOK BATAVIA BUMBAY CALCUTTA CANTON DAWNFORE CKBU

HUGHING MAPBAS MANILA

NKDAN

NEW YORK PEKING PENANG PESHAWAR BANGOON HAIGON

BEMARANO

NKING CORPORATION

▲ G..R

COLOMBO

Chief Manager

DELHI

SEREMBAN

Hongkong, 13th Beptember, 1957,

HAIPHONG

BHANDHA!

HAMBUBO

SINGAPORE

HANKOW

BARKINN. Blanchorla)

TAIPING

{X.H}

ILUILO

TAVOY

[PUB

TIENTHIN

TOKYO

KLANG

A

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(METHEBLANDS THADING SOCIETY)

BANKERI

. Establishe* 1296.

Hong Kong Office:-11 Quosa's HondiCentral

Authorized Capital

Paid-up Capital.

Basers Sun

Gulliera 184,000,000

(£12,600,000) Cuilder 8000,000

(£6,060,070) Concludere 40, GADO.UKO- E3.333 1331

Head Omps-AMSTERDAM L Eastern Boad Omor:-BATAVIA, BRANCHES →→ Bandjermomain, Handseng) Bom

bay, Calcutta Cheribon, Std. de Djember, biokjakarta, The

Hague Kobetan, Kota Hadja,

Kakamas

Palembant. Pekalongan, Penang, Posting lougoon, Holterdam Hawerang) hang, Hibolga Враль (Bumatra Boembai,

karta (Holo), Tegal Tilladay and Weltevreden."

7.Tamsa offede kara nats depcali Lonsa to Isl Lendon Bantare:-National Provincial Bank Lt

Carrespondenta ali ovat the world.

Wanking buringes of ovary

description transnoted.

O. STEENSTRA

tlongkong, snk July, 1977,

Мазарот.

BANQUE DE L'INDO-CHINE,

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital...Fre.32,000,000,00 Paid-Up Capital...Frs.08,400,000.00 Reserve Fund

Frs.89,384,619,10

BRANCHES: Hanoi

Pondicherry Battambang Hong Kong Saigon

Bangkok

Cantho

Canton

Djibouti

Shanghai Mengtze Nam-Đinh Singapore Noumea Tientsin Feking

Fort-Bayard Papecte

Haiphong

Tourano

Vinh

Hankow Prom-Penh Yunnanfa

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

MOND KONG

ХАКАСН

KUBK

KUALA KANGSAR

Fark (...)

KUALA LUMPUL

1.

On Shanghal-

HORIZONTAL

1-Zegone 5-Bewilders S-Flatter

102

11-A large earpent

13-Show to be fatue

14-Negativo. Prefix 15-Melody

17-Raimont

20-Efface. From

memory

22-Provented

(Bank's

0.60

26 5/16

2% prem.

Par.

of the Dutch Department of Minea, On demand the production of pit coal at the State and privately-owned mines On demand

paper) .................. combined has risen from 3,921,000 80, day's sight (private

On Yokohama→→ tons in 1921 to 6,848,000 tons in 1925, and to 8,649,000 tons in 1926, while the output for 1927 is estimat. On demand I might mention that our neted to have further increased to Gold Leaf, 100 fine

(per tael) Sovereigns £3,000,000 profit for the year under review 9,320,000, tons.

The imports of coal, coke and is shown much less than that of

buying rate) the preceding year. This is main-briquettes have advanced from Silver (per oz.) ly due to the political disturbances 5,268,000 tons in 1921, to 16,737,000 Ba Silver in Hong

Kong which caused the suspension of all tons in 1926, the figures for 1927 business in Hankow for practical-not yet being available. On the Chinese Copper Cash nom. ly the whole year of 1927, and other hand, the exports of coal, Chinese Copper Cente 6% pram

of Native In under such circumstances our coke and briquettes from Holland Rate

7% p.a. terest branch there were not able to do have grown progressively from any business during the year. 710,000 tons in 1021 to 3,203,000 Chinese Sub. Coin. 31% dis. The same conditions also prevail- BOURABAYA

ed in Canton throughout the lattons in 1926, and 4,488,000 tons in Hong Kong Sub, Coin

1926. The total home consumption! ter half of the year.

in Holland was slightly over 10,- 000,000 tons in each of the years 1925 and 1920, while the exports for bunkering purposes rose from 2,513,000 tons in 1925 to 4,748,000 tona in 1926. Including the bunk- TT. on London ering tonnage the total exports in T.T..on Shangbai

$1800 do. Lon. Reg... £134 1926 amounted to 9,236,000 tons or Hongkong Bank

£21 Chartered Bank ..... Mercantile A. & B.... £34

do.

G... £145 Destination of Exports. P & O, Bank

£9 At Asia As to the destination of the Bank of East

Тальтаноев, Dutch exports, the report shows

Canton Insurance that only a comparatively small Union Insurance $331 b & sa

and bri-North China Insurance T148 quantity of coal, coke The adoption of the report and quettes (172,000 tons) was sent to Yangtze Insurance M.$4824 accounts was seconded by Mr. Germany in 1926. It is, however, Chins Underwriters. $2 b 2.60 sa

China Fire Insurance $215 Choy Cheong and carried unani-necessary to mention that under .K. Fire Insurance.. $760 mously.

the Dutch-German Government

$4034

TOKOLLAMA ZAMBOANGA

Our branches in these two cities have had a very trying time during the disturbed period but (Philippine Islands) all our other branches have been Foreign Exchange and General Bank-jable to make a fair profit. How ing business transacted.

ever, I am glad that general con- urrent Accounts opened and Fixed ditions appear to look a little Deposits received for 1 year or shorter inds a rates which will be quoted brighter at present and we hope on application.

A. H. FERGUSON,

Manager. Hong Kong, 3rd April, 1928.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO).

HEAD OFFICE:--Taipeh, Formosa,

lacorporated by Special Charter, 1899.

aperia!

Central Bank in Formoss.

Bank-Notes Issued

to see better results in the work-only 1,500,000 tons less than the ings of the present year.

total imports of 10,737,000 tons in that year.

With these remarks I beg to propose the adoption of the re- port and accounts and when it has been seconded, I shall be pleased to answer any question to the best of my ability,

tors.

Other Business.

-

THE SHARE MARKET.

Stock

Bankn.

Hong Kong.

Stock,

10-Exist

HORIZONTAL (Cont.) 52-Boraped linen 54-Golf

slub (pl.)

{66–Made into law

69-Preposition 60-Leander's

sweetheart

61-Cozy residence

VERTICAL (Cont.) 18-A thoroughfare

(abbr.) 21-Exactly alike 23-Rond

20-Admire to exodas 29-Prank

130-To weste

82-A continent (abbr.)|32-A.plunge

CS-Ales against

authority

33-8uffix meaning

· "agent"

| 86~5pask

¡65–Metal plaos sorewed 15–8ooner than

-24-Ground socupled by e5–Wading bird

routing army

25-Private hint

27-Toot for cutting

scrow threads (pl.)} 28-Pronun

29-Burrenders

31-98uthern State

fabbr

+

S2-Girl's Tame 34-Equals

37-8chool book

38-Talk Idly 41-in want 44-Preposition 45-Demolished

on to bolt

18-To tear up |68-Shakespearian king 40-One more |69-Dagger:

VERTICAL

1-To run quickly, 2-Cone-shapad 3-Bymbol for gold 4-Shackic

Pertaining to fover 6-Latin for "DE"

(abbr.).. 7-Taunta

6-8cutor

10-Journey

11-To sew loosely

together

Exchange.

2/4/4 78%,

b

48-Half a dozen

(Roman)

12–With mouth wide

49-House covering 61-Preacher's titia

(abbr.)

$76

$675

b

11

b

Shipping. Douglaser

1

b

Mesara, Percy Smith, Seth agreement, of May, 1920, Holland

H.K. Tugs & Lighter 124 $37 and Fleming were re-elected audi- is permitted to export to Germany K. Steamboats... $28% b 28%.

80,000 tons per month, or at the Indo-Chines (Prof)...

do. (Def.) $74

Transports

00/- Shell rate of 960,000 tons per annum.

never water-boats This tonnage hns hitherto

$20 Mining. been attained, the largest quantity Į

$234 £60/- in any one year having been in Benguets..... 1922, when a total of 487,000 tons Kailan Mining Ad

Bat Langkats (Combined). T18

do. was exported to Germany.

(Single)... T nine during the past

months Shanghai Explorations. T

74%

Average amoupt, .... Yen 45,000,000

The election of four directors BRANCHES AND AGENCIES: JAPAN:-Takyo, Yokohama, Kobe, was adjourned to the 24th inst.

Osaka.

The Chairman announced that FORMOSA: Giran, Kagi, Karenko,

Keelung, Makeng, Nanto, Shin-dividend warrants would be ready chika, Taichu, Tainan, Takso, on the 12th inst. for delivery on Tamsul, Toen, Helto, Taito. application. CHINA: Shanghai, Hankow, Amoy,

Foochow, Swatow, Canton, OTHERS: Hong Kong,

Singapore, RECLAIMED RUBBER, strenuous efforts have been made Shangha! Loans ... SAM

Batavia, Soerabaya, Semarang, Bombay, Calcutta, London, New Yerk, Dairen.

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

BLA

The Bank has Correspondents in the Commercial Centre in the European Coutinent, Kusas, MA eburts, Tvingiao, Japan, Tado-Culos, Siam, India Patlippina Islanda Ora, Africa, USA., Australia

Istcross allowed on Current Accounts, and Fixed Deposits at rates which will be qualed application, Deposita la Yes can be accepted

J. IHARA,

Manager.. HONG KONG BRANCH:

250.000 TONS CONSUMED

IN 1927.

Tronob Mines

Docks, Wharves. Godowns, & fin B.K. & K. Wharves A.K. & W. Docks Hongkers

inn Providents New Engineerings Shanghai. Toeke

Cotton Mills. Ewo Cottone Oriental Cattons

hai Cottons (Old

do. (new)

by those in charge of the Dutch Ranba coal export trada, especially of the State mines, to develop the busi- ness in the south of Germany from Rubber statisticians, in dealing the city of Mannheim, and that, with the restriction controversy, too, by quoting lower prices than and the position of the American those charged for Ruhr coal in the

con- game district. consumers, have given the

The geographical proximity of sumption of "reclaimed" rubber as 250,000 tons in 1927, or nearly France and Belgium has favoured one-half of the consumption of the the export of Dutch coal to these

A poor business year two countries. From a quantity foods Hotels & Bidge. raw stuff.

of 178,000 tons exported to Belgium.K.& 8. Hotels in U.S.A. may perhaps make a great difference to the universal in 1921 the tonnage rose to 1,671.-4ngkong Lands motor car vogue, but there are 000 tona in 1925, and to 2,104,000 Shanghai Landa... Humphreys Estates of case In the Americans over here, tons in 1926.

Hongkong Renities professionally interested in the in- France the Dutch exports in 1921, K. Territoriais ternational motor trade, who state wera only 135,000 tons; in 1923 Princas. Buildings that no year in the future will ever they were a. maximum of the consumption for 1,108,000 tons falling to. 795,000 again show tyre-making from reclaimed stuff tons in 1924, and then advancing to that the past two years have wit-982,000 tons in 1925 and to 1,039,- Star Ferries nessed. That point is worth more000 tona In 1926 The Swiss Chine Lights Interest allowed on Current Accounts

-$30,000,000.00 | consideration than it is receiving, market has so far only absorbed a to Authorised Capital and Fixed Deposits according

18,278,600.00 Paid-up Capital arrangeracata.

Every description of Banking and Reserve Fond

9,629,425.24 Exchange Business transacted, Safe Deposit Boxes to let

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

de

IN NEW YORK: J. P. Morgan. & Co.; French American Banking Cor- peration; Guaranty Trust Co. of New York.

CH. LEM,

Manager.

Hong Kong, 26th February, 1927.

2, Les Voeux Road Central. Hong Kong, 22nd September, 1927.

THE BANK OF CHINA.

行線

(Specialty Authorised by Presidential

date of the Republic of China on the 22nd of Novembar, 19173.

HEAD OFFICE:' PEKING.

HONG KONG BRANCH:

4, Queen's Road Central.

numerous

Even if reclaimed were to fall to

15 cents a lb., or 72d., it will make no difference in consumption in U.S.A., except among the "cheap est of cheap skates" among motor

at

of

comparatively small tonnage Dutch coal the exports to that des- tination having been 104,000 tons in 1925 and 194,000 tons in 1926.

R. TramwATE

17/6

$140 $48

$5.70

T164

T4.80

T109

п

112 sa

TB.60 b 8%8 T2,05

T

TES

T81

$9.15 b 0% sa

$66 b 66% sa Tias

b

$25

n

18b6

Pahlle Utilifem.

$25

Peak Trame (old)

$18

(new)

37%

$044

da

ქი.

H.K. Electrics

(comb.) fold) $13.80 b 13 an

b (new) $12.70

Fally Fald. $70% 70% $2014

Macan Electrica

H.K. Telephones China Arena, Singapore Tractione

Industrials.

China Sugars

for Sagars Cements (comb.)

THE YOKOHAMA SPECIE BANK China and Correspondents in Europe, market has the prospect of having Museum in Horseferry-road, West Canton Ives.

LIMITED.

Estabilahed 1880.

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

Yen 99,500,000

Head Office-YOKOHAMA-, Branches and Agencies at:

Alexandria.

Batavia.

Bombay. Buenos Ayres,

Calcutta

Canton.

Changchun.

Dairen (Dalny),

Newchwang.

car users, said a very eloquent The Duke and Duchess of York Branches and Sub-branches all over American in my hearing. Our visited the Home Office Industrial America, and other parts of the world.

London Bankers: The National Proto supply this year at least vincial and Union Bank of England, 175,000 tons, to replace the un-minster, S.W., where they saw the in the latest appliances for ensuring safe- wanted, reclaimed rubber

ty, in factories. The Gauranty Trust Company of motor industry. New York.

New York Bankers: The Irving

Ltd.

National Bank.

Glasgow Corporation has dc- The Equitable Trust Company of cepted the offer of a Glasgow firm of nearly £1,000 per week for ad- Now York

Interest allowed on Current Accounts vertising rights on tramcars: and Fixed Deposits. Terms on applica-

Every description of Banking Bust- THE BANK OF EAST ASIA; LTD. ness transacted.

tion,

New York.

1

Osaka

Peking. Rangoon

Fengtien (Mukden). Seattle.

Hamburg.

Hankow.. Harbin

HongKong.

Honolulu. Kai Yuen. Karachi. Kobe

London.

Los Angeles.

Lyons.

·Manila.

Rio de Janeiro. Saigon. San Francisco.

Semarang. Shanghai. Shimonoseki. Singapore. Seerabaya. Sydney. Tientsin.

Tokyo. Tsinaofa. Tsingtau. Vladivostok.

(Temporarily closed). Interest allowed on Current Accounts. Deposits received for fixed periods at rates to be obtained on application

Nagasaki. NEDY

H. MORIM

Manager.

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

BBOU J. CHEN,

+ Manager.

THE BANK OF CANTON, LTD.

Eatablished 1913. Head Office-Hong Kong.

Autherland Ospital (51.K/Curren88). Paid Up Capital căra

BEANOBES!

HEAD OFFICE; HONG KONG.

10, Des Voeux Road Central, Hong Kong

Paid-Up Capital

An. (old). da (new) K. Ropes (old)

do (new) United Asbestos Rtores, &c. Dairy Farma Watanna Der A. Wings. Ian. Crawforde Mackintosha Sincer

m. Powalls

Miscellaneous.

Govt Loane

LONDON EXCHANGES,

London, Yesterday.

Paris

124'

New York

4.88 9/32

Brussels

34.96

Genova

20.83

Amsterdam Milan

12.11

IK. Amusements

92.40

H.K. Constructions

Authorised Capital

$10,000,000

-Berlin

20.41

R. Ind. G. Bendis

Beserved.

5,000,000 1,200,000

Stockholm

18.19

Copenhagen

18.20

Oslo

18.285

Vienna

Helsingfors

Kadrid

1934

29.025

Lisbon

Athens

2

868

Bucharest

Rio,

Buenos Aires

Bombay

Shanghal

Yokohama

BRANCHES AND AGENCIES: Batavia Melbourne San Francisco - Bombay Nagasak Seattle Calcutta New York Semarang Canton Osaka Singapore

Haiphong

6,664,300

Honolulu

Kobe

Kowloon

London Manila

Canten Bhanghai Hankow Bracow, Bangtok New York and San Francisco

LONDON BANKERS The Lloyd's Bank Limiled.

CORRESPONDENTA" Il principalities of the Wast

Foreign exchangu and banking businame 'of erary description Linosacted, ESENCARNA

Le Deposit Boxes (various sinna) at a poorly. rental of "trom 84 to B40%) FI MURATO LOOK POONG SILAN,

Chief Manager.

Paris

Sourabaya Bydory Peking Taines Fanang 4

Tientsin Rangoon Bulgon Tokyo Shanghat Correspondents in all principal elties

of the world.

Every description of Banking and Exchange, business transacted. Loans granted on approved securities,

BAFE DEPOSIT BOXES to let

KAN TONG PO, RADC

Chief Manageri As Kong, 21st March, 1927.

7724

5.59/64 4719/16 - 1/5.31/82 2/64

Hong Kong!++?/0%/%s

1/11 9/16

CHINA LIGHT CÓ.

An announcement by Messrs. Bhewan, Tomen & Co. as general; managers of the China Light and. Power Co. (1918) Ltd. appears on page 8 of this issue.?.

It concerns the proposed Jesus of 120,000 new shares of 35 each, thereby raising the capital, from tha Silver Forve 1426 8/1683,000,000 to $3,600,000,

British, Yireless Bervice manner of issue.

Silver Spot 26.5/16

орап

13-Produced

42-Turned out

43-Mark fefe by blow |46–Mallolous fielog.

47-Happening

49-East Indian coln 50-Be conscious of 52-Scourge 62-General purport 54-Flow with gentle

murmur 55-Channel of

transportation

(abbr). 87-Point of compass

(abbr.)

[18-Wet

-College Degree

...(abbr).

|16-Part of verb "to be"

67-New England State

(abbr.)

SUGGESTIONS FOR SOLVING CROSS-WORD PUZZLES

Start out by filling in the words of which you feel reasonably sure. These will give you a clue to other words crossing them, and they in turn to still others. A letter belanga in each white space, words starting at the mumbered squares and running either horizontally or vertically or both. (The solution of the above cross-word puzzle will appear in Saturday's issue along with a new cross-word puzzle.)

YESTERDAY'S SOLUTION.

AHEAD

NCY

HONGKONG HEIGHTS

For the information of visitors the following list of some of the highest points on the Island and Mainland is published:~

Island: Victoria Peak

Fest.

1828

Signal Station

1774

Mt. Parker

1784

Mi

A

Mountain Lodge

1725

The 'Eyrle

1725

Peak, Hotel

1805

Taikoo Sanatorium

1000

8 EH

Mt. Davis

877

ERA

END

OAR EGG

Bowen Rd. (filterbeds)

297

Mainland.

Taimoshan

8124

"OTHE INTERNATIQAAS Sena

1971

Kowloon Peak

THE

HONG KONG

DOLLAR

DIRECTORY

Hong Kong's most Accurate, and

Cheapest Directory

NOW ON SALE

AT

THE HONGKONG DOLLAR DIRECTORY CO.

and

3a, Wyndham Street.

WHITEAWAY. LAIDLAW & CO., LTD.*

KELLY & WALSH

LEE YEE (D'Agullar St.)/

KOWLOON WHARF.

AH YAU (HR. Ferry Wharf).

AH YAU(Peak Tram Station).

HUNG CHEONG

(Kowloon);

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