HONG KONG AND SHANGHAI BANKING CORPORATION.

行銀商工法中

And Capital o se 868,000,000 leverd and Vully Paid-up in (30,008,100

Dieses Fundin

Beling

all 1,600,808

kavarra Liability of Progristien siemens.$20,000, 409-

HEAD OFFICE: HONGKONG

COURT OF DIRECTORS.--

1. It. Compton, Bag.

Chainman.

M. 5. Drown. Eng.

Deputy ChairED KEL

• Hall. tag.

W. L. Pattanden, Zaj. J. A. Plummer, Bag,

Maa Mr. Q. Q. B. Mackia. T. 0. Waali. Eng.

P. W. Manney, Eay.

Hi. P. White, Ring, Chial Manage

ọn Me, A. C. Migrai

BRANCHTRA 1-.

201

LOVIN

BANGLOR

LTONG

BATAVIA

MALADGA

MANILA

WOMBAT CALOUTTA

CANTON

GBIFOO LOLOMBO

MOUKDAN

NADASAKI

NEW YORK

PERINO

PENANO

ΠΑΝΦΟΟΝ

MALOON

SHANGHAI

PAIRE

roortow

Malenogo

BAMBUDO

SAN FRANCISCO

BANKOW

ZLARIN

GINGATORZ

MONGEKW

BOURABAYA

ILOILO

10器

BUNGRI PATANI TIENTSIN

TUNYO

TSINGTAO

JOAUSE

CODE

KUALA LUMPUR

YOKOBANA

Brandonte opened Local Ourtesy and Fised Deposits received for as your r skorter periode in Local Currency and Hellas in terms which will be quoted an appliosilos, Hi Hong. 10th September, 1009..

HONG KONG SAVINGS BANK,

Tas Busines of the store bent subduct

by the HONGKONG AND BilasugAL HANKING CORPORATION. Rules may ableload to application.

AB THE LONGKOND RANKING OURPORATION,

be

SHANGHAI

Chief Manager.

Hong Kong, (bib September, 1997.

A. C. HYNES,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

ANETHERLANDS TRADING SOCIETY)

BANKERS.

Entahŭnbod (828,

Hong Kong Omon-11 Queue Bond Constal. Animacioni Capital Ündere 160,000,000 P-Up Caplisi ... Guilders 80,000,000

|(28,08,170) Koncer Fund Guilder 40,000,000-

(418,800,000.)

Head B-MAMSTERDAM”). Et ad Ulice --BATAVIA. HBASCUES:-Bandjermaslo Bandoeng), Bamber Calcutta, Charlton, Fiderh, Djember, Djokkerts'), 'the lingue'), Kope, Káta ladje,

Makassar, Medan, Padira Palembang, Pekalonga, Penang Yontianak, Hangoon, otirdam'). Hamng'), Bangla, Bibolg

Boersba

(music), Bissport, Tatjan

Boerakarta (Solo),

and arroden.)

These offoes have safe deposit boxes to det. Landes Bankar-National Prerignial Bank lak.

Correspondants all over the world

Blanking business of SYRJ doripsion naasted,

0. ETERNSTRA,

Hong Kong, 815 August, 198.

Manager.

BANQUE DE L'INDO-CHINË.

HEAD OFFICE::

9. Boulevard Haussman, Paris.

Echecribed Capital .. Fzm. 22,000,000.00

sid-Up Capita:...Fza. 68,400,000.00 Barve Funds Fxx.102,000,000.00 BRANCHES

Bangkok: Hanoi Quinbon Battambang Hong Kong Belgon

Mengtze Shanghai Castha.

Nim Dinh Harpone Noumea

Canton

Dijbouti

Fort Bayard Peppole Haiphong Paking

Tientain Tourdne Vinh Prom-Pesh Younanfa

Pondicherry BANKERS:

·BANQUE FRANCO-CHINOISE pour la

Commerce et Industrie (Incorporated in France).

Prince's, Ballding. Chater Road,

Hoa Tourn

HEAD OFFICE:

74, Bao St. Lazaro, Paris. Capital fully paid up....Fra.58,000,000 Epacial working capital ..Fra.50,000,000 Fr.22,819,001 Bosorren

BRANCHES:

ciała. Italians,

THE CHINA MAIL,

I

COMMERCE

BRITISH & AMERICAN VIEWS AS TO RESERVES

THE DANGER FOINT In the leading article the "Finan- cial News" deals in an Instructive manner with the question of com- pany finances. It says:

AND

FINANCE.

A

On the one hand, a large reserve

“RECONSTRUCTION ":

MR. JOHN W. N. BMITH WITHDRAWS

PREPARED TO FOOT LOSSES:

Shanghai, Yesterday.

COMPANY FINANCE, which the funds can be devoted. But Mr. John W. N. Smith (former

where an undertaking is fully grown ly of Hong Kong) writes a profuse- and where the industry does not ly apologetic letter to the "North afford clear opportunity for develop-China Daily News" explaining that ment, the policy of accumulating he does not always have full con- large reserves is more questionable, trol of his own actions and words. Paris, Lyons, Marseilles, Balgon,

He says that he is now complete- fund may lead to excessive competit recovered from his breakdown, Haiphong, Hanol, Tourane, Quinton, Hus, Thank-hos, Vink, Fnom Penh,

tive expansion of the appliances for Peking, Shanghai, Tientsin, Hong

production in the industry as the re. and appeals to his countrymen and Kong.

BANKERS:

ault of the ambition of each unit to to the Shanghai Press 'to believe PRANCE-Societe Generale, Banque In the course of an examination magnify its own share of the trade. in the honesty and patriotism of

his motives. Nationala de Crédit, Banque de of the financial results of Industrial Again, the possession of a large

He states that he is prepared, Parle et des Pays Bas.

corporations in the United States reservo may at times prove a hin LONDON:-Midland Bank Ltd. NEW YORK-American Exchange undertaken by the Standard Statia-drance to progress, for it may mere-when solvent, to foot any losses in- Irving Trust Co., Banca Commertics Company of New York, somely enable a firm to survive through curred by innocent investors In the

Loan." Interesting facts are given with re-a prolonged period of senility. And, "Great Reconstruction SAN FRANCISCO:-Bank of Italy, gard to the practice of allocating further when reserves have reached Reuter.

[Note: The Chinese Reconstruc- Every description of Banking and net profit to the payment of divi-the point at which they can no Exchange Business Transacted. Cordends and to reserves respectively. longer be profitably employed in the tion scheme as propounded by Mr. respondents throughout the world,

Dealing with the accounts of 545 industry in which they have been Smith a few months ago was that British commercial syndicate L. BERNIS,

corporations the investigation shows made they may induce the directors a Manager.

that the net profit for 1927 was 320 to enter upon undertakings for comprising manufacturers with in- Hong Kong, Brd August, 1928

million dollars less than in 1926. which they have no qualifications. terlocking interests in almost every For the same two years the amount In these and in other ways it seems phase of British industry and trade placed to reserve was less by 393 that important exceptions can be should take part.] THE CHARTERED BANK OF

million dollars in the lat-made in modification of the notion INDIA, AUSTRALIA & CHINA. ter 38 compared with the that maximum reservation is always

former year.

dis desirable. Without in any way de- lacorporated by Royal Charter, 1853.tributed in common dividends, tracting from the importance of HISAD OFFICE: LONDON. on the other hand, was greater in caution in corporate finance, It is 1927 by 106 million dollars than in possible to auggest that a more 1926. Thus in a year of diminished thorough examination of the theory and practice of reserve building is necded.

Paid-up Capital Heserve Fund....

..£3,000,000 .£4,000,000

The

sum

Reserve Liability of Proprio- £3,000,000 profit the holders of common stock

tore

Agencies and Branches:

ALUR STAR

[Malay Slam}

ARDITBAR

DANGKOK MATAVIA ZOMBAT CALOUTTA CANTOK CAWAPORE CEBU DOLON BO DELB

KUCHING

MADITAS MANILA NEDAN NEW YORK PEKING PENA NO PESHAWAR HANODON BAJOON

SEMARANG

SEREMBAN

HAIPHONG

SHANGHAI

HAMBURO

BINGAPORE

HANKOW

BOURABAYA

HAUN S. Manchuria;

TAIPING

UNU KORO

1.M.N.J

ILOILO

TĀVOS

T

TIENTSIN

KABACER

KLANU

KOOK

KUALA KANGSAR

KUALA LUMPUR

TOKYO

TONGKAN (9)uk]}

TSINGTAO

YOKOHAMA

ZAMBOANGA

[Philpplus sandu)

WHALING COMPANY

£500,000 ROAD SCHEMES.

THURSDAY, ́OCTOBER 18, 1928.

YOUNEX MOUNTAIN DEW

The li As Sold for 10314

China Building.

Ask For

YOUNG'S

MOUNTAIN DEW

WHISKY. LONDON DRY GIN.

Stocked By

Messrs. CHAN YUEN, Cochrane Street, Hong Kong

Mesars. HUNG CHEONG, 66, Nathan Road, Kowloon.

Sole Agenta:

WAI ON TSEUNG, LTD.

Tel. C. 3315.

KAIPING COAL

HOME,

FACTORY

of

AND

Cardiff. If the Ministry Transport sanction ambitious road schemes proposed by the Glamorgan County Council, work will be found during the coming winter for hun- dreds of men.

actually received more dividends, but these wore paid at the expanse of much smaller allocations to reserve. The actual proportion of the addi-

The estimates in connection with Dalo. The "Tidens Tegn" these schemes amount to nearly tlons to reserve to total net profit states that arrangements are be- £500,000, but it is possible that the was 19 per cent.

ing made for British and Norwe6gure will eventually be much Inadequate from English Standpoint gian capital to be invested in the higher, as several urban areas may

Commenting on these facts, the whaling Industry, the object be

come within the scope of the correspondent of the Economist"ing to form a mixed Norwegian county council. One proposal is to remarks that. "To those familiar and English holding company construct new road between with English practice this will seem the shares of which will be in-

Mountain Ash' and Aberdare at a Inadequate." He further suggests produced on the London market.

cost of $100,000, and a second that the facts illustrate "A consider. Norwegian national interesta able difference which characterises will be secured by an arrange- scheme is for the cutting of American and English policy in cor-ment similar to that of the new road at Abercynon at a cost porate finance, which receives vast-Swedish Match Trust, with A and of about £80,000.

Foreign Exchango and General Bankly too little attention in America." B shares. ing businear transacted

Current Accounta opened and Fixed Deposits received for 1 year or shorter periods at rates which will be quoted on application.

A. H. FERGUSON,

Managor. Hong Kong, 3rd April, 1928.

THE BANK OF TAIWAN, LTD, (TAIWAN GINKO).

HEAD OFFICE:-Taipeh, Formosa, Incorporated by Special Imperial Charter, 1899.

Central Bank in Formual.

Average amount

Bank-Notes Issued Yen 45,000,000

From the analyses of the profits of The leading part in the forma- industrial joint-stock companies in tion of the new company, which this country made by the "Econom- will be known as the Viking Com- ist." It appears that in pre-war pany, is being played by M. Johan times the proportion of net profit Rasmussen, of Sandefjord, the placed to reserve was about 30 per chairman of the Norwegian Whal- cent. In 1927 it was only 17.2 per era Association, cent., but this was, on the whole, a very poor year for many branches

F

COUNT THE “MAILS."

See Page 3.

of British trade, and for the frat PARALYSED FOR 8 YEARS; POO ON HERBS quarter of 1928 the proportion had risen to 25 per cent.

· MADE HIM WELL.

It will, of course, be understood that these figures relate to the mass-

Mr. L. F. Carver for eight years ed results of undertakings some of a business associate of Mr. B. F. which made no profits and some of Decker both residing at the Ingie which incurred losses. The

per Camp, near Modesto California gave centages thus throw no light on the the following stuteinent in regard to BRANCHES AND AGENCIES: practice of the profitable under Foo On Herbs. He says: About eight JAPAN:--Tokyo, Yokohama, Kobe, takings considered by themselves. years ago while I was in Oklahoma

Osaka.

It is, however, apparent that the City I was taken down with typhoid FORMOSA:-Quran, Kagi, Karenko,

on the part of fever. Soon after I got up from that Keelung, Makong, Nanto, Shin- English practice

Takas, companies that have made a profit is I had a severe stroke, of paralysis. I chiko, Taichu, Tainan, T'amsul, Toen, Holto, Talto. to be very conservative in dietribut-doctored with six physician and all CHINA: Shanghal, Hankow, Amoy, ing it in dividends, and that a high said that there was no cure for me,

Foochow, Swatow, Canton. OTHERS: Hong Kong, Singapore, Proportion is retained in the as they have done all to their ability

Boerabaya, Semarang, Batavia, reserve fund.

for me, as I am in a hopeless condi- Bombay, Calcutta, London, New

tion. I then tried the chiropratic York, Daires.

school. They and all they could do was to prolong my life a little but

LONDON BANKERS:

Parr's Bank.

The London County Westminster and

Ceatre in the Europesa Consinari, Ramis,

QUICK CURE OF FLU.

W. D. Chastine of 521, 14th Street, Modesto, anys: "I was attacked with headache and ache and pains all a severe cold. Had fever and chills, over. Had what all other doctors are calling flu. Felt so bad I had to go to bed. Instead of sending for a physician I send for some Foo On age I was considerably better; after Chinese Herbs. After the first pack. the second I felt normal; and after the third I was back at work again. When I first took down with the trouble I knew of seven others who had the same! trouble and they were treated with physicians. I was the first one back at the job and I felt as well as ever,

Maximum Reserve Building -The difference that seems to exist between ourselves and the United that I would be a cripple for life, States in this important aspect of have tried them off and on for the Zhe Frank bar Dorswpontants In the Comeda industrial finance naturally provokes jast eight years, but I gradually grow

ing worse. My right side from head Lekueta, Tringinn, Japan Indo-China, Siam, ind the question whether any recognised to foot was paralysed, I could not use Neighbours all sald, they had thu âu.) Principles or general rules of prae- my left eye, It stuck to one side and tice can be formulated on the sub seemed dead. My fingers had no feel ject. It is well known that a large ing. If I pick up a mail I did not part of the new capital annually leg was also paralysed, when I walk know if I had one or three. My right available is accumulated In the shape had to drag my foot. I could not of company reserves. The report of bend my knees or my ankles. Then I came out to Modesto, California.

Chillypane Lalands, Teva Africa. ..A., Australia AGAIN FRANCE: Comptoir National allowed on Current Accounts, and Fixed ¿'Rompte de Paris; Credit Lyonnais; Deposits at was which will be quoted on spplies Bangis de Paris et. dos Pays-Bas

J. IHARA, ****Credit Industriel et Commercial; Bociate

tanic Ganernio,

HONG KONG BRANCH:

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

***IN NEW YORK; J. P. Morgan à Co; French American Banking Cor- poration; Guaranty Trust Co. of Naw

Interest allowed on Current Accoun and Fixed Deposits socording to arrangements.

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

OH. LEM,

Manager.

Ceposité la Yen van be accepted.

Manager.

8, Des Voeux Road Central

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential

Mandate of the Republic of Chian on the 2nd of November, 1917). Authorised Capital Paid-up Capital Reserve Fund

.....800,000,000.00 18,278,600.06

HEAD OFFICE: PEKING.

that a

Ale

his

FIVE IN ONE FAMILY. Mr. J. F. Cramer, wife and three children of 431, Virginia avenue, Modesto, Cal, U.S.A., suffered with in grippe and branchial-pneumonia. Cramer's testimony is as follows: Mr. "My boy David 14 years old took down with fever, chills and ache all over the body, cough and branchial- stomach. I had heard of the Poo On

sick at pneumonia and was Chinese Herbs curing the flu so quickly. I called and got seme herbs Hong Kong, 22nd September, 1927, the Colwyn Committee says: "It 18 Here I had the second stroke nearly three packages and was cured in

right away. The boy took “only: recognised as a rule of sound finance a year ago. Then my mind gradual three days. My wife also took down

company should withhold [ly grow weaker. Six werka ngo

with the same trouble. After taking some portion of current profits from could not remember from one day to some herbs from Foo On Herba Co.

the next and was unable to talk much she speedily recovered. distribution, putting the amount to because I could not think. I was reserve in order to strengthen and paralysed and could not do any work also had what they call the flu, One My two girls, Neola and Mildred expand its business." But a rule so at all. In fact I was never able to took only one package of kerbs and vague as this is of little use. Nel-do real labour after the first stroke. the other took two. They were also ther is it, in fact, as thus stated, am a carpenter by trade and for a speedily cured. I myself had the same

long time I have not been ablo a correct account of general business a saw because of my eyes. After I complain I took some herbs and I 9,629,426.24 practice. That the reserve fund came to Modesto, I heard about the other had to stay in bed or suffer

should always have the first claim merits of the Poo On Chinese Herbs and effects.

While my wife was sick a neigh- In have done, to thousands of people to some addition out of current pro-Modesto here. The herbs have cured us to get a physician, I knew the bour of ours called on us and told no means the rule. Mr. all different allment. My business 45- McKenna, in evidence before the sociate Mr. B. F. Decker and I call herbs had cured my, boy fast and 1 A Branches and Sub-branches all over Committee, suggested that it was aed at Poo On Herbs Co. After the did not want to try anything else.

'few days ago the same woman who consultation with the Herbalist de told me to got a physician took down THE YOKOHAMA SPECIE BANK, Ciss and Correspondents in Europe, characteristic of English business cided to try hie herbs, after using it with the same trouble we had, Phy- Amarion, and other parts of the world to put back into reserve as much as for four days my condition was won- sicians called it the flu and she was LIMITED.

London Bankers: The National Pro possible. This appears to support derfully improved, and in two weeks I

She was vincial and Union Bank of England,

ould walk as well on my right as put in the quarantine. Ltd.

the notion that maximum reserved my left foot. I could bend both treated by physicians, a few days agoj kness and anides. My right foot got been an expert flu nurse in our neigh- *The Guaranty Trust Company of building is desirable.

She had New York,

Before assenting to such an un-so much better and I could move bourhood. New York Bankers: The Irving qualified proposition, It is permis-and now after taking the Poo On National Bank.

Thousand suffering from catarrh, The Equitable Trust Company of able to point out that a number of ace to file a saw I can pick up rails bronchial and lung trouble, throat, New York.

difficult problems are involved that and tell If I have one or more. The cough, asthma, hay fever, malaria, Interest allowed on Current Accounts are increasingly attracting the at- feeling having returned to my fingers stomach trouble, Indication constipa and Fixed Deposits. Terms on applica- tention of monetary the theorists. and my right band is as good had Batula, heart disease, eczema, scrofula, tion;"" gastritis, piles, diarrhoea, Hon.

Joft. Before I took the herba 1- had Every description of Banking Bust.These problems are closely connect no pulse in my right hand and now female trouble, nervousness, fraomnia,

kidney, ed with the relation between saving the pulse in that hand in an, good as obselty,

bladder trouble, ness transacted.

Loans grated on approved securities and expansion and contraction of in the left. I can work with n pick Bright's disease, diabetes, rheumatism, Special facilities for Home Ex-production in the irregular way with and shovel now, and I could not do that neuralgia: dropsy, pyorrhea, epileptic fits, paralysis, tumera, ulcers, pimples, 1 for. eight ・ years, I can remember which we are only too familiar, but things now and my head is much dizziness, headaches and many other as to the real causes of which we clearer I can converse Intelligently chronic diseases, have been restored to health and happiness without polson- are not very fully enlightened. It and think clearly on and on during ous drugs or the knife, by the Poo these "eight years I have had faint- |is quite possible that at a given

paralysis. Now this is * THE POO ON CHINESE time the rate of saving may be in strokes and parapelle and small On Chinese Herbs,

HERBS CO. excess of what is in the best inter-gone and I have gained 9 pounds al

Hong Kong, 28th Augint, 1928.

Established 1888,

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

Yen 102,500,000] Head Office:--YOKOHAMA. Branches and Agencies at: Alexandria.

Newchwang. New York

Batavia. -

Bombay.

-Ваков Кутев.

Calcetta,

Canton.

Changchun.

Dairan (Dalny).

Osaka

Poking, Rangoon,

Rio de Janeiro, Saigon ar San Francisco.

Vangtien (Muzden). Seattle.

Hamburg.

Hankow

Harbin,

Hoa Long. Honolulu

Karachi. Kabe Londen Los Angeles

Igona,

Manila.

Naroys

Semarang Shanghai. Shimono. Singapore. Boerabaya.

Tientain

Interest allowed on Current Account

· Deposits received for.

at rates to be obtained on

Hong Kong, 11th September, 1928.

change.

HONG KONG BRANCH

4, Queen's Road Central.

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD.

· Pistablished 1912.

Head Office Hong Kong.

An Chorioné. Déplia) (ILK. Oursvoel) 1.811,000,000

€0,000

BRANCHES 1mm skj Gework and 40 Francisco, gbanghala Hapkow, Bwalow,

DIE LONDON HABEREN (m)

|CORRESPONDENTS

ft is by

Chinese Herbs for six weeks -1, can

friends we learned, he- had returned |

pho

'died and was buried.

Managing Director, Over Twenty- Are Tears practical experience In America curing the slee, with Maín Ofice: Modesto, California.

Chinese Herbe

est of the community ready Recently through some of his YEE FOO LUN Chinese Herbalist,

Danger of Too Large a Fund to his home in Oldahoma. Six years Even asuming, however, that later reports say he is in excellent maximum saving is desirable, it by health, and feeling perfectly normal in no means follows that the beat every respect, we des Rope degen method of saving is for oach under, MILLIONS OF PEOPLE DIE ALL Hong Kong Offest 61A, Queen's Road taking to maximize its reserves. In OVER THE WORLD. the youthful days of an individual In 1019 during the epidemic of the Entrances 66: Queen's Road C

Bpanish Influenza (Flu) physicians all Office Hours: Daily, 9 ami:20-12 p.m.; Make Thémata means free focie, slast) of a ymely enterprise, and still more in the over Anderies considered it very diffi- map him in je

case of a young and expanding In enit to cure, but Foo On Chinese Herbs Bunday, 19 s.m. te 3 pin. LOOK POONG BHAN, dustry the loughing

of eared thousands of people with this Bygging Hours: Maw Chief: Manager

discaso profit is likely to be the best use to case rapidly and a

and not one case was by yaprote

BUNKERS

FOR ALL PURPOSES.

POWER

HOUSE.

TUGS

LOCOS

THE KAILAN MINING ADMINISTRATION.

Head Office: TIENTSIN..

Agenta:-DODWELL & CO., LTD., Hong Kong.

DAILY CROSS- WORD PUZZLE.

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

14

12

70

25

26

29

50

32

35

136

41

142.

447

E

5758

MORIZONTAL

1-Rapoze

Decorate

B-Pain 12-flaw motal 14-Fus 15-Coal@cuttie 17-Spectacle 19-Luggage 21-A picture border

22-Before

24-8llance.

+

25-Wager

26-Wither

28-Perform

31-Tardy

34-Food In general J6-8con

38-Preposition

38-Imprint again 40-Ona (8sat.) 41-Male deor

43-image worshipped

- by, savages, 44-Merit :46-Free

47-Vehicle

40-Bed

1-Openwork fabric

56

THE INTERNATIONAL SYNDICATE.

HORIZONTAL (Cont) 62-Finish

55-Malo descendant 57-Group pf lolanda In

the Atlantio 59-Square shaft with

pyramidal lop

01-Belf 162-A rodent {64–Obiervo 105-Not one leo-Change

[67-To sini!

(Prov. Brit)

VERTICAL

· 1-Thick ̈cord 2-Period of time 2-A paction B-A fruit 6-Ordnance

Department (abbr.) 7-Loose garment":

-Mortify

10 Pla

11-Paradise

13-Winged mammal 10-Urge

18-Consume

120-saray

Jedlium that 23-Formal-

entertainment

27-Rapture

22-Defenalve covering

29-Weighod |30-Condereing

|32-Infect

33-Unit of work

64-Fragment 35-Indistinct $6-Devoured

87-Used In rowing 42-Fornako

[45-A contestant, an for

jaya příza:

48-inscot

49-Western mining

stato (ebbr.).!! 30-8o be f 52-Tlie

||53-A title 164-Lavish extreme

“fandness (7

188-Mond with needle.

66-Askpw

58-Pant

60-Ocean 63-Preposition

(The solution of the above cross-word puzzle will appear in to-morrow's issue along with a new cross-word puzzle.)

-YESTENDAY'S SOLUTION.

SOUCAMISOAR ISPURN, ALKAN MAYING READER CDG T RAT G 3QU NUGS SÄIYA STUN USE PVER 8 EST MEDYATE-SPONDEA

BÆNNE! LANKIER

ITREUI

HONG KONG 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

Feet

1828

Signal Station

B1774

Mt. Parker

1784

Mountain Lodge

$1TES

The Eyrie

1926

Peak Hotel.

1805

Taikoo Sanatorium

1000%

ME Davis

Bowen Boad

Talmoshan,

Taimoskan Kowloon

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