2
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Authorised Capital
$350,000,000
Issued and Fully Piilupa $20,000,000
Funila
Stellug 8,000,000
Silver
$4,000,000
Hosurve Liability 1 Proprietom..............$20,000,000
HEAD OFFICE: HONOKONO.
COURT OF DIRECTONS :-
W. B. Bell, E.,
A. I. Compton, Laq,
Charan,
N. 8. Brox. Eaq. Deputy Chariah.
E. F. Deisl, Bay. 4. Macgowan, Kny,
'AMOY
BANGKOK
BATAVIA
BANDAY
+
C. U. B, Mackls, Esq.
W. L.. Pattendea, Esq. 1. D. Wwall, Eng.
ž. P. Widin, Fay, Cut Stenge
H. Me. A. C. Bynes.
CALCUTTA
CANTOS
· BRANCHES —
LONDON
LYONS
MALACCA
MANILA
HOURDEN
-SAGASAKI
NEW YORK
PERING
PENASO
CHEFOD
0
LAIRES
Podrilow
HAIPHONG
HANKUIRI
SAN FRANCISCU
HANKOW HARBIN
HUNONEW
JLOILO
1011
JOHORE
XUDE
KUALA LENruk
MANGOOX
SATOOS
SANOMAL
SINGAPURE
BOURABAYA SUNUEL PATANI TIENTSIN
Tuhiu
TSINITAU
YOKOHAMA
Carros Ants opened in Locat Currency and Fund Deputy deserted. fur or your int ortof-period- 10 Laval Currency at Barling ter wah will be quoted on application. ilung Kang. Bud April, 1928.
HONG KONG SAVINGS BANK.
The Bus of the whore Bank is conduct- day the HOSOKONG AND HUANGHAI BANKING CORPORATION, Rulan may be vomited mijelo etter.
& SHANGHAI
FOR THE HONGKONG DASKING RORPORATION.
A. C. UITNES,
Catel Manget.
Hong Kong, 13th September, 1927,
NEDERLANDSCHE HANDEL
MAATSCHAPPIJ.
(SETHERLANDS TRADING SOCIETY)
BANKEES.
Fred R.,
flong Kang Diba+37 Queens Band Crates),
-----
Authorised Capital trailder 150,000,MKD-
Pald Up Capteal -......... Boserve Juad
(£2,500, EKP/
0.71 Builder 40,000,000-
行銀商工法中
BANQUE FRANCO-CHINOISE
pour le
Commerce et l'Industrie
(Incorporated in France).
Prince's Building. Chater Road,
Hong Kong.
HEAD OFFICE:
74, Rue St. Larare, Paris. Capital fully paid up ....Fra.50,000,000 Specini working capital..Fre.60,000,000 Reserves
Frs.22,319,000
BRANCHES: Paris, Lyons, Marsellles, Saigon, Haiphong, Hanol, Tourane, Quinbon, Huê, Thanh hoa, Vinh, Pnom Penh.
Peking, Shanghai, Tientsin.. Hong Kong.
BANKERS:
Exchange
ciale Italiana. SAN FRANCISCO:-Rank of Italy.
INLAND REVENUE.
ELEVEN BILLION IN BRITAIN.
EXEMPTION FIGURES.
THE CHINA MAIL,
COMMERCE -
AND
FINANCE.
COMBINES.
THE PROMOTION OF GOODWILL.
SHIPBUILDING OUTLOOK.
to outweigh Its immediate losses. There were three partners in In-
FRIDAY, APRIL 27, 1928.
LATEST QUOTATIONS.
HONG KONG TIDE.
The tido-table given below' has been
dustry-capital, management, and Messrs. Carroll Bros. have been labour--and their co-operation was advised of the following quotations obtained by aid of the Tide-predicting and dividends on rubber and min-Machine, which includes 40 components ing shares:
ja sine qua non for success.
three *Then, again, there were avenues of approach; (1) Some form of co-operation or profit shar- ing: there were many aspects of this; (2) Each taking the other into his confidence. To his mind there could be nothing against this, and every reason in its favour. There was very little in business that if detrimental, disclosed would be unless it wore future policy, and that only so long as we were in
Jonces such as
our-
London. The report of the Com- Greenock-In his address deli-competition either between
selves or with other nations. (8) missioners of Inland Revenue for vered at the general meeting of Some better means of personal the year ended March 31, 1927, is the Chamber of Commerce and
contact. This was particularly' just issued. It shows that the Manufactures of Greenock here difficult in large concerns. FRANCE:-Societe Generale, Banque
ravonus Mr. J. W. Kempster, the president;
Goodwill could be organised in Nationale de Credit, Banque de gross amount of inland
director of Messrs. duties, etc., collected, including (managing
three ways. (1) General confer- Paris et des Pays Bas, LONDON:Midland Bank Ltd. ・・・ jamounts collected by other depart-Harland and Wolff, Greenock) re
that which had NEW YORK:-American
Individual Irving Trust Co., Banca Commer-ments for the Commissioners, was ferred to two tendencies in indus-taken place between
£449,149,809. The cost of collee trialism which are apparent to-day employers and individual trade tion was £7,221,139, or 16.1 per the rationalism of industry and union leaders to arrive at a com- the peace in Industry movement. The estimated gross income of He also referred to the shipbuild- mon understanding, settle general [principles, and especially to create! the nation (Great Britain anding outlook.
a better understanding at the top. So far as industrial combines Northern Ireland) for the year, ac- cording to the assessments made in are concerned, M Kempster said He attached great Importance to this; the enunciation of a general 1926-26, was £2,944,449,789. From that without eba nation this,, for the purpose of taxation, operation, we could not hope sue policy of peace, as distinct from there had to be deducted in res-cessfully to compete in the world's ficial. It was to be regretted that. pect of exemptions and reductions, markets for large-scale business.
some federations thought it well Mass Organisation. £607,559,407, leaving £2,886,890,382
to issue disclaimers, as the right Mr. Kempster said that severe as actual income.
Every description of Banking and Exchange Business Transacted." Cor- respondents throughout the world. 'A ROLLIN,
Manager. Hong Kong, 18th April, 1928.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Pald-up Capital Reserve Fund
.£3,000,000
100'000'17"-
Reserve Liability of Proprie-
- tors
..£3,000,000
Agencies and Branches:
ALOR STAD
(Many Stájo¤)
AMKITĦAR DANGKUK BATAVIA BOMHAY CALCUTTA CANTON CAWNPORE
COLOMUD DELAI
KUCHING MEABHAR MAKILA
MEDAS
NEW YORK PERINO
PENAKO
SWAR
SAIGON
SEMAHANG SEREMBAN SHANGHAI SINGAPORE SUURABAYA TAIPINO
HAIPHONG
TAK DURO
HANKOW
HANDIN (N. lanciuitin)
TuNG RUNG
(P.M.5.)
144.0
TAVOY
KARACH
KLANG
ROBE
KUALA KANGSAR
Pera P.3.5.1 KUALA LUMPUR
TIENTSIN
TOKYO
TONGKAI (1)
TSANUTAD
YOKOHAMA
ZAMBOANGA
(helipe Calandaş
Foreign Exchange and General Bank ting business transacted.
Current Accounts opened and Fixed Deposits received for 1 year or shorter tukaters periods at rates which will be quoted
on application.
A... FERGUSON, Hong Kong, 3rd April, 1928.
Head -(AMSTERDAM'). Castera Brad (affic ATAVIA, BRANCHES-Body Batik Dombes, Extruite, Cheribus, Jitdali. Djember, hakert The Hagus'. Kobe, Yule Stadja, benar, Medan, Padang
Pekalongit, Prvang.. Pulibanguoti, taller, Samtang") Khanghai, Bibuta
Borrakarta (Somatze)
1
Pat
Solon Tegal,
Weller.
ficca baru sala dejemit basen to let:
London Hankezu :-Nasional Prosthelal Bank .
Correspondents all are the world Backing unsea'uf every
destrigation tran
1. STERNUTKA,
long King, July, 1927.
Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussman, Paris.
Frs. 72,000,000,00
......Fr. 89,384,619.10 DRANCHES: Bangkok Hanoi
Subscribed Capital .. Faid-Up Capital Fre. 68,400,000.00
Reserve Fund
Fondicherry
Battambang Hong Kong Saigon
tanthe lengtze
Canton
Dijbouti
Shanghai Num-Dinh Singapore
Tientsin Nournen
Tournne
Fert-Bayard Papeete Haiphong Peking Vinh Hankow Pnom-Penh Yunnanfu
BANKERS:
IN FRANCE: Comptoir National d'Escompte do Paris; Credit Lyonnais; Banque de l'aris et des Pays-Bas; Credit Industriel et Commercial; Societe Generate.
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-
poration; Guaranty Trust Co. of New
York.
Manager,
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO).
HEAD OFFICE: Taipeh, Formosa, incorporated by. Special Imperial Charter, 1899.
Osaka.
..
cent.
ог со-
one of war could not but be bene-i
Allonbys Genealys Jimaha Kodahs
Quotations.
$1.40 1.60
1.25
2.70
Lunas
1.40
Malaka Pindas Pajama
1.10
1.80
Dividends.
Tin Beatong Tin Kil
2/ 734%
Kinta Tin Dredging 5%. Int. Ulu Yam
LADIES!
WHY SHOULD YOU BE EMBARRASSED BY
PIMPLES.
Pimples and all skin diseases are easily cured by Poo On Chine Herb treatment.
for the better prediction of tides, from the result of the analysis of the tidal | observations, taken at the Kaulung tidal observatory under the direction of Dr. Doberek during the year: 1987, 1888 and 1880.
The times and hoights are given for Koulung; but they may be used for the Victoria Naval Yard and Aber- deen, the differoncos being very small. The times of high-and low-water must not bo considered to coincide with the times of slack-water and change of current, the two phenomena being quite distinct,
April 27 to May 8, 1928.
DATE HOH Vic bows W TER.
April
Standard Tímos
Bi.
ner Low
Water 1.0
་
nor how walor
1.0
Fri. No inferior 11lgh 811.2 Sat, 28 Na Interior High Seu u dan. 1978 4.4m U B
480. met di 4.3 Mon. du mo 76.1 AL 17 B
7 20. 0 87.7 Thes 1141m 1 1 17 1 43 a 5.1 Wed. So 6.7 m * 0 1,9 $2 a 1.6
V.25 5.5 2 59 A
criticism of industrial and commer- thing might be said at the wrong POO ON CHINESE HERBS CO. 1has 3 m 34803240
Net Income Tax Total. cial combines had recently. appear- ed. No doubt large combinations The further estimated deductions were not exempt from drawbacks from this last amount included and special dangers, but so had well as (£190,675,272 in respect of earned every system, small as
post-war income allowance, and £834,138,474 large, And the terrific for personal allowances, leaving a strain has revealed Bows in many taxable income of £1,312,076,636. businesses.
time.
66, Queen's Road Central.
HONG KONG MARKET PRODUCE.
Beef Sirloin
APPROXIMATE RETAIL PRICES.
Butcher Meat.
Steak Sirloin Sausages
April 20, June, June,
H
Ct. Ciz. Cis.
24718
85
The net produce of the tax was ex-' He spoke as one who had an in- pected to be £236,039,841 or dividualistic outlook, and, there! £4,917,497 for each penny of the fore, not partial to combines as normal rate of tax, and the aver-such; but he did not believe in ago effective rate of tax levied on wearing blinkers, and without them) each pound of actual income was it was impossible, not to see that, 28,
there was a world movement to- In 1925-26, approximately 2,200,- wards larger and larger combina- 000 persons in Great Britain and tions in every sphere, political, in- Northern Ireland were chargeable dustrial and financial. Indeed, we with income tax, and 2,400,000 were seemed to be moving towards in- entirely relieved from tax by the ternational control, in banking to operation of abatements and allow-stabilise price levels, in industry The provisional, estimate to co-ordinate large-scale produc- ances. for 1926-27 was 2,150,000 charge-tion and stabilise prices, and in fix rates conditions, able with tax, and 2,150,000 entire transport to ly relieved making a total of 4,250,- and service. 000 persons in Grent Britain and Such being the case, the trend Northern Ireland with incomes to organise production and distri-
bution in this small island in large] above the exemption, limit.
The amount included for income groups with centralised control tax in the budget for. 1926-27 was was scarcely a matter of cholce; it} £254,800,000, and the exchequer re- was inevitable. Without combina ceipts amounted to £234,717,000. tion or co-operation we would not The amount included for supertax hope successfully to compete in was £64,500,000 and the exchequer the world's markets for large-scale Calves' Head & Feet, ret $120 $1.00 $1.00 receipts amounted to £65,910,000. business, and more than we could Mutton Chop
Linble to Supertax.
Poultry.
April 20, June, June, 1928. 1918. 1914
Cts. Cts. Ct.
1b.
45 28 30
30
40 22
1928. 1918. 1914.
+ RC
28 lb.
Prime Cut
28 28 12
Corned
28. 12
Chicken Capons, Small
+
Ronst
23
24
92
Capons, Large
r
19
Duck
Breast
20 24
18
H
Doves
H
Soup Steak
26 20 18
28 24
22
Eggs, Hen (cooking)..
H
40 80
Eggs, Hen (fresh)
40 26
20
Fowls, Canton
1
per But 15
20
12
Geese
ench Bộ
50 80
$1.80
60 -$1.20
b. 24
13
24
13
oach 8
15
$
29
Ib.
24
14
7
Bullock's Braina
Tongue, fresh.. Tongue, corned
P
Kead Ketrt
*
Burap; Salt
Feet
"
Kidneys
Tall 2
Liver
12
F
Tripa
ק
have waged the late war with singla plone against magsed armies.
Leg
..
11
Shoulder
Saddle
Central Bank in Formosa. Bank-Notes issued
It was estimated that 98,000 per- Averago amount 'Yen 46,000,000
Taking a still wider sweep of Pig's Chitlings sons, the largest number so far re- BRANCHES AND AGENCIES:
corded, with a total income of thought, the philosophy of indus- JAPAN: Tokyo, Yokohama, Kobe,
£568,000,000, were liable to super-trial management to-day could not FORMOSA: Giran, Kagi, Karenko, tax in the financial year, as com- ignore a fundamental principle of Keelung, Makong, Nanto, Shin-pared with 97,000, with a total in-organic growth that might be des- cribed as the natural and univer chiku, Taichu, Tainan, Takno, come of £652,000,000 in 1925-26. Tamsul Toen, Heito, Taito.
Assessments made at April 30, sal tendency of parts to coalesce CHINA: Shanghai, Hankew, Amoy,
1927, in respect of the year 1925. into larger and larger units and Foochow, Swatow, Canton.
From this OTHERS: Kong Kong, Singapore, 26 showed that there were in Great even into great wholes.
Soerabaya, Semarang, Batavia, Britain and Northern Ireland 138 evolutionary process, systems of Bombay, Calcutta, London, New persons with incomes exceeding production and distribution were York, Dairen, -
not exempt. £100,000, the total income assens- LONDON BANKERS:
Step in the Right Direction, The London County Westminster and led in these cases being £27,532,452.
Outside observers of our econo- J'arr's Bank.
A further 116 persons were assess-
saw the The Bank Is Corespondents in the Commercled on incomes between £75,000 and mic situation Centeve is the Europant Coatient, Huis, £100,000, and 308 on incomes be necessity of combination perhaps churia, Triscled, Jan, Indo-China, Slam, India, Philippine Islands, Javu, Alrica, Auriza Lween 200,000 and £75,000. The more clearly than they did.
uke,
"
Braton
Feet
*
Fry
Herd
+
#
Heart
Kidneys
21
Liver
Pork Chop
Leg
Loin
F
Fat or Lard
Sheep's Head & Font.,
economic
N
Heart Kidneys
For
Liver
. Et
Innreal allowed on Current Accounts, mod Fired largest number of persons aascss-example, Dr. Donald M. Marvin, Sucking Pigs, to order. Rugoli w rates which will be quoted ut applicable for supertax was in those economist of the Royal Bank of Suet, Beet
Deposit in Yen can to socopted.
HONG KONG BRANCH:
3, Des Voeux Road Central.
Hong Kong, 22nd September, 1927.
THE BANK OF CHINA. 行銀國中
(Specially Authorised by Presidential Marulate of the Republic of China on the 22nd of November, 1917),
.$60,000,000.00 Authorised Capital
18,278,600.00 Paid-up Capital
9.020.425.24 and Reserve Fund
Interest allowed on Current Accounts
to according and Fixed Deposits arrangements.
Every description of Banking Exchange Business transacted. Safe Deposit Boxes to lot.
PUBLIC MONEY,
J. IHARA, with incomes between £2.000 and Canada, referring to our share in
Manager. £2,500, of whom there were 22,047, world trade and, in particular, Veal
There were 15,335 with incomes speaking of our iron and steel in- between £2,500 and £3,000 and dustries, said: "Recent reports in- dicate that amalgamations are be- 18,223 with £8,000 to £4,000.
The number of estates in Eng-ing made with a view to securing land and Scotland liable to estate greater efficiency in this industry. duty for 1926-27 was 110,578, and Undoubtedly this is a step in the Barbel
principle
Bream which could be applied advantage Canton Fresh the net receipt from these was right direction and a £50,086,239..
ously in a number of British in-1
Water Fish. dustries."
Carp But competent British observers
Catash with inside knowledge of affairs
Codfish had come to much the same con-
Craba clusion. For instance, Mr. Good- enough at the recent general meet. ing of Barclay'a Bank, of which he
Daco was, chairman, said it appeared
Dog Fish of the that industry in America was pass Eels, Conger China and Correspondents in Europe, Legislative Council met yesterday ing into the hands of the big or THE YOKOHAMA SPECIE BANK, America, and other parts of the world. and approved the following, details ganisations which carried on mass
London Bankers: The National Proof which have been given al production, and added!! "In Ger-Frogs vincial and Union Bank of England,
many, following the Dawes scheme, ready-
Garoupa great industrial amalgamations are Gudgeon also taking place which will lead
Herringa to mass production upon a scale
Halibut which will enable her to compete Labras to an increasing extent in world Loach markets, and there scems to be no Lobsters doubt that in the future Germany
Mackerel
CH. LEM,
Manager.
Hong Kong, 26th February, 1927,
LIMITED.
Established 1880.
Capital (fally 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).
HEAD OFFICE: PEKING.
FINANCE VOTES PASSED YESTERDAY.
HONG KONG BRANCH:
4, Queen's Rond Central. Branches and Sub-branches all over
The Finance Committee
Ltd.
The Guaranty Trust Company of New York.
New York Bankers: The Irving National Bank
The Equitable Trust Company of New York.
Interent allowed on Current Accounts and Fired Deposita. Terias on applica-
Three items to supplement the 1927 Estimates, totalling $787.
Six Items to supplement the 1928 Estimates totalling $49,490.
Cuttle Fish Dab
Fresh Water
M
Yellow
**** ***EEEEBEEH***<äatt
猪
$. B
*#*#
Fowls, Hainan
Pigeons, Canton
n
Hoihow
Turkeys, Cock
Turkeys, Hen
Saipe
Pleasant
Quail .... Partridges
30 31
新賓
***
each -
per doz. 82
lb.
46 "
$ each 55
18
ES SKKRA ##689ing
肥我班新本海籍白深火火沙山镇总 口疝角
Fruits.
898988888881 | | |
45
J
32
lb.
$5
TE
each
pair
each.
lb.
48
26
Almonds
#
15.
Apples (California)
*
金山洋集
A&AARAZZ821119982281848***** 888 |
ཤྩ ཝཿཨྰཿཨྰཿཡུཎྞཎྜཥྭཱཏྟཱ 1}||ཀླཞཱ|2|2^སྥཿä }e:|:ཁྱུ"2⌘སྒྱུ28
lb.
22
Banana (bride's)
Carambola
Coconuts
Lemons, China
Lemons (America) Licbees, Dried
Oranges (Canton)
Orangea
燕山啡您
Beach 18
金山專業 each
新會機
荔枝干b
沙漿
36
"
Per set &
Ib.
16
"
15
cách 18
lb.
30
32
"
80
31.
+
Pears (Canton) Peanuts
#1
per sot
85
each
12
H
lb.
COSACEA-NXE288.
85
20
20
20, 20
# # ***78222R-ONAANNER**====*88**⠀⠀⠀
Persimmons, Large
Plantain
Pumelo, Stam
Walnuts Grapes
Artichokes
-Beans, Sprout
H
H
נו
**
*88*18228 14 1.9 [[*]
*****88
EU
| ៩៨២ |៩៥៩ | 66 = ៧
| {s cs5 | | | ææa 5 i + គឹ
P5-18S8180
花
紅
each 17
1b.
te
Vegetables, &c.
(Shanghai)
Đôi khi cách 12
A. 15,
#
H
Brinjals, Green
Ked Cabbage, Chinese
Cane Shoots, bunch..
Cauliflower (Largo)
(Medium).
(Ball)
*# each 中椰花 ̇耕德榮花
✰✰ lb.
Green
Curry Stuff, English ..
*
|| និœជា២ ៦១ ១៩ ភី៖ទី៦ ទី២១ ៥៥ ៩៦គី ៣ ai | |。i
8
ថ
6
4
10
6
25 +
10 16
8
12
8
2
.7
9 | | | 939 { ||-**
Mutton
14
Szungen
No. 1..
n
Fish.
27
Long
lb.
52 19
24
17
85 20 16
Best Root... Bitter Squash
****
28
13.
10
*
海鮮
17
35 18
27
2
22
12
9
20
20 25
"
40 23 26
»
22
16
2
#
46
23
14
46
20
Carrots
15
10
8
30
18
Celery, Chinese
"
28
10
18
Chillies, Dried
***
"
"
辣椒管
Red
22
26
80
*
"
*#*
"
"
75
25
WE MT
H
80
40
80,
架材料
80
13
Cucumbers
#2
46
18 23
Garlic
32
18
Ginger, Young
17
15.
+
#
82
18
Old
48
24
Horseradish, Shanghai.
45
21
Indian Corn --
}
#
30 20 26
Lettuce
83 13 2
30
18
2
33
40
16
22
28
14 D
JE
10
20
15
#1
9 8
10 35
D
・『
Green
生
П
5 4.
M
44
20
29
Shanghai
上海連辦
0
45 80 .30
Parsley
15 00
50
30 45
80
10 14
Potato, Sweet...
日本獲行
8
4
15
10 14
金山
38
13 18
6
32
16
65
86 30..
12
8
10
#
14
10 10
40
32
80
50 26 85
45
23 28
80 22 18
82
18 12
Every description of Banking Bust- THE BANK OF EAST ASIA, LTD. and America will be the chief Monk Fish
transacted. Loans granted on appaved securities. Special facilities for change.
HEAD OFFICE: HONGKONG.. 10, Des Voeux Road Central, Hongkong Authorized Capital ....$10,000,000 5,000,000 Paid-up Capital
1.200.000
Newchwang. New York Osaka, Peking. Run Joon.
Don,
ness
Hio de Janeiro. Salgon,
San Francisco.
Home. Ex-
SHOU J. CHEN,
Manager.
THE BANK OF CANTON, LTD.
Established 1912. -
Batavia
Fengtien (Mulden). Seattle.
Hamburg.
Hankow.
Harbin
Hong Kong. Honolulu.
Kai Yuen.
Karachi.
•Kobe. Londen.
Los Angeles.
Lyons.
Kanile.
Nagasaki Nagoya.
Sem
Shimonoseki. Singapore. Socrubaya. Sydney, Tientsin.
Tokyo. Teinanfu. Talngtau. Vladivostok..
(Temporarily
closed...
Interest allowed on Current Accounts. Deposits received for fixed periods at rates, to be obtained on application
Alinagar. Hong Kong, 12th March, 1929.
Head OfficeHong Kong, Auibotleed Callat (IT.E. Current)...$11,000,000 Paid Up Captial
Reserve
Oysters
Parrot Fish Parch
rivals with each other, but Great, Mallet Britain, by better organisation of her basic industries and by com- bination of interests, should cer- tainly be able to hold her own."
One cause of our Industrial Pike malaise was not large-scale produc- Plafce
DRANCHES AND AGBan Francisco tion, but that our industrial policy Pomfret, Black
Bombay Calcutta Canton
Melbourne
Nagasaki
Beattle Semarang New York
Osaka
Haiphong Parii
Singapore
Болгавата. Sydney
Honolulu Peking
Kobe
Peng
Talpeh
8,364,200
C80,000
Tangcon
Tientsin
Tokyo
Reserve Fund "BRANCHES
Canlon, hausbal, Haukow, _Swałow,
Bangkok, New York and Ban Francisco
LONDON BANKERS-
This lord's Bank Limited. CORRESPONDENTA
In al prinsipal elties of the World.
Forlen azhage and banking business of avery description instated.
Baly Deposit Boxes (various mises) as a yearly restal of from 10 to 340, DE
Chief Manager...
Hong Kong, 19th February, 1927....
Kowloon
London Saigon
Manila Sharghat
Correspondents in all principal cities
of the world. -
Every description of Banking and Exchange business transacted. Loans granted on approved socurities.
SAFE DEPOSIT BOXES to let KAMANKAN TONG PO,
Hong Kong, 21st March, 1627.
was being swayed too much by fin- Pomfret, White ancial and political power was con- Prawns centrated, whereas industrial in-Ray fluence was split into many com- Rock Fish peting sections and frittered away. Roach A closer equality between these Salinon allies, would be beneficial to the Shark country.
Skate Shrimpe
Solas
Peace in Industry. Conalderable progress towards a better feeling has arison in the Sapper past year, continued Mr. Kempster Teach this being one of the compensa- might possibly in the future prove
Tarbet
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Water Chestnuts
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Onions, Bombay
Pumpkin
Radish
Japanese
American
Rhubarb (Fresh)
Shallots
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Turnips, Pant (Long).
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