thenmes

HONG KONG AND SHANGHAI

BANKING CORPORATION. -

Authorian Capital, materna

loved and Fully Pay $25,000,000 Base Foods :---

kalor

£8,000,000

----------- $15,000,000

Borsa Engility at Proprietor 196,000,000

HEAD OFFICE: HONGKONG.

BOARD OF DIRECTORS;

H. 8. Brown, Bag, Chairman.

W, H, Ball, Rag. Deputy Chairman,

Ho. Mr. B. D. P. Elth. AH. Complem. Roi M. T. Jahnson, Req.

D. Länder Lewis. Eng.

AMOY

BANGKOK

HATAVIA

BUMBAT

CALGUTTA

ANTON

SHE FOO

AROMBO

DAIBEN WOODHOW

JAIPHONG

HAMBURG

HANKOW

LABR

HUNGLEW

ILOILO

PH....

JOHORE

KOZE

BA1005

W. L. Pasienden, Ea

T. H. Poarce, Ing.

J. A. Piemmar. Bay.

3. P. Warren, Fuq,

Chit Manager,

Hon. Mr. A. C. Eynec.

BRANCHES --

ZVALA LUMPU

LONDON

LYONS

MALACCA

MANILA

MOUKDEN

NAGABARI NEW YORK PERING

PENANG BANGOON

SAIGON

SAN FRANCISCO SLANGHAI

MINUAPIBS

SOURABAYA SUKOBI PATANI NENTSIN

TOLYU

"NINGTAU YULUHAMA

Curreal soon opened in Local Camine

19

en Fixed Deposlis required for nas s

other Deriods in Local Ouersary and teling

as sapins which will be quoted on application.

Hong Kong, ith May, 100%.

HONG KONG SAVINGS BANK.

The lives of the shore Bankodunt: ed by the HONGKONG AND SHANGHAI BANKING CORPORATION. Bula

strained on appllcision.

FOR THE HONGKONG BANKING CORPORATION.

Key be

PHANOMAL

Chief Manage.

. . HYNES,

Long Bath September, 1927.

NEDERLANDSCHE HANDEL-

MAATSCHAPPIJ, N.V.,

(NETHERLANDS, TRADING SOCIETY)

BANKERY

Established 1REL.

Hong Kung Ulice:-21 husan's Boad Centr

.......... Quilders 180,000,000-

Authorised Uspital

Zed-Up Capital

Beware and

422,200,000.)

行銀商工法巾

BANQUE FRANCO - CHINOISE pour le

Commerce et l'Industrie (Incorporated in France).

Prince's Building, Chater Road, Hoig House

HEAD OFFICE:

$ 14, Rue St. Lazare. Parle

Capital fully paid up..Fre.50,000,000 Special working capital .Fra.50,000,000 Fra 22.318.000 Roserves

BRANCHES: Lyons, Marseilles, Salgon, Paris, Haiphong, Hanoi, Tourane, Quinbon, Hue, Thanh-hoa, Vinh, Paomi Penh.

Peking, Shanghai, Tiontain, Hong Kong.

BANKERS: FRANCE: Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays Bas LONDON:-Midland Bank, Ltd.

NEW

RUBBER

THE CHINA MAIL,

DEVON ESTATES (MALACCA), LTD.

COMMERCE

ON PERMANENT BASIS The annual general meeting of Devon Estates (Malacca), Ltd., was held in the offices of Evath and Co., French Bank Buildings Singapore, H. E there being present Messrs. Nixon (in the chair), S. Morgan and C. V. Bailey,

The chairman said: For the sake convenience and for easier work- ing, especially as our forward con-

of

YORK:-American Exchange | tracts Irving Trust Co., Banca Commer ciale Italiania.

SAN FRANCISCO:-Bank of Italy.

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

L BERNIS,

Manager. Hong Kong, 3rd August, 1926. THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater, 1863. HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund

Reserve Liability of Proprie-

tors

Agencies and Branches:

KUALA LUMPUR ALOR STAB

(Malay Statani

AMRITSAR

BANGKOK

BATAVIA

BOMBAY CALCUTTA CANTON DAWNPORE

C&BU

COLOMBO DAIREN (Dalay

Boats Menchuria)

DELAI

HAIPHONG HAMBURG

HANKOW

HARDIN

RONG KONG

IN Menchuria)

LOTLO

[POR

KAHAUHI

KLANG

КОВЕ

KUALA KANGSAR Ferak (F.M.5.)

BUCHING

MADRAS

NAKILA

BEDAN

NEW YORK

PEKING

are usually made for the calendar year, it has been decided to close the annual accounts in future at December 31, Instead of on June

As a 30.

consequence the reports and accounts now submitted to you. cover the six montha' partod July to December, 1928.

the

AND

FINANCE.

Considerable Improvemeni

HONG KONG MARKET

WEDNESDAY, JUNE 5, 1929.

PRODUCE.

APPROXIMATE RETAIL PRICES.

May 28, Jund, June,

1929, 1918 1914

Ots. Cl. Cta.

lb.

"

May 23, June, June,

1929. 1918 1914. Cts. Cls. Ch

Butcher Meat.

The position now placed, before you Beef Sirloin shows the considerable improvement already brought about.

Addition

to the 4,687 acres of producing rub- ber on Devon and its 173 acres na- turing in 1982, we have 1,170 acres Semantan of rubber planted on Estate, 345 acres of tea on the Is

at Koppa, dian property

wth re- Berves of -2,800 acres in Pahang of plantable Erat class jungle land for rubber, and 1,110 acres reported by our agents in India as excellent, tea

land.

Although it may entail some cur- tailment of present profits the policy of your directors is to develop new land

so as to put this company on a safe and permanent economic basis, and, taking a long view of the fu ture, they Bre convinced that this can only be achieved by extension of the planted area on the lines now being carried out, making use of the most up-to-date scientific, knowledge for the propagation of high yielding trees in order to give at least double the returns per acre at present pos sible from our existing rubber.

the

to

לנו

Steak -Sirlon Saurages

Bullock's Brains ...

Poultry.

ار

Capons, Small

Capons, Large

Eggs, Hon (cooking)..

肥線竊

*8

新鮮鵝蛋

本地期

each

per doz. 28

牛尾耙

1b. 28 24 12

Chicken

,,

Prime Cut

30 28

11

Corned

*a

12

F5

*

Roast

28 24

22

"

*

Breast

24 20 18

Duck Doves

Soup

24

18

al

*

Steak

28

24

"

Eggs, Hen (fresh)

26"

80

85

#

Fowls, Canton ·

*2 26

40

Fowls, Hainan

per net 16

10

12

Geese

each -65

50

60

Tongue, corned

36

Head

P

.. $1.20

-$1.20

Heart

"

Է.

24

18 14

T

Hump, Salt

84 20

18

Fect

each 10

10 12

Kidneys

15 10 12

»

15

Tail

25

20

22

13

Liver

b. 24

18 14

1

Tripe

*

Tongue, fresh ..

Calves' Head & Feet.. Mutton Chop

P

Leg

Shoulder

}

Saddle

"

Brains

Feet

Fry

*

Head

»

Heart

H

Kidneys

Liver

Leg

Loin

In spite of adverse conditions, and an average market price of under 29 cents per lb. for first grade rubber, we are able to show the very satis-

Our investmente in the Valtex for the factory profit of $206,688

undertakings stand at $44,182 Pro- six months under review. This was

gress from the inventor's laboratory made possible by low working costs of the Malacca estates and the ad-phase to the commercial profit carn- Pig's Chitlings

ing stage has necessarily bem elow in a vulcanising process based on zale of the produce, referred to at

sheb fundamentally novel lines. The vantageous forward contracts for the our last general meeting,

latest reports which have reached us to the .£3,000,000

profit added The present £4,000,000 amount carried forward from last are, however, distinctly encouraging, One of the companies operating $497,121 now year gives a sum of

under licence in England. Veedip, £,000,000 avaliable for distribution, ter Ltd., has met with striking success

posed to deal with this by transfer-

in the manufacture of high quality. reserve, bringing ring $100,000 to

"dipped"

from vulcanized Pork Chop goods that account up to $350,000, to pay

latex, and the Vultax Corporation of a dividend of Od. per share, absorb

a leiter re- America, according and to carry forward

- ing $148,448,

ceived by your chairman in Jersey, account. year's $248,674 to

dated February 27 last, has recent- The dividend would be payable on

ly negotiated licence agreements bas- Sheep's Head & Fect ... June 30 to shareholders on the re

ed on minimum guaranteed royalties gister on May 14, and the custom-

with a variety of manufacturing com- ary notice given through the finan-

panies, including one of the largest cial press for the collection of coupon "share war- No. 8 attached to the

paper pulp companies in the world, thus indicating the extensive uses to Sucking Pigs, to order rants to bearer."

can be sue Suet, Beef now stands which vulcanised latex The property account

cessfully adapted. Without attempt- at $6,316,039, including a sum of

ing to take

an over-aanguite view, on development $526,763 expended work in the course of last two years. it would appear that we are at last Veal

within sight of some return in the The subserihed capital remains un-

capital invested in Valtex, Lid. On a par changed at $6,888,375.

to the estates on basis the capital value of the ori-Turning now

arc being maintained Devon yields ginal Devon Estates of 4,810 plant-

and the tapping is good throughout. stood at $1,871

per acre ed acres

Barbel As the bark raserve

with period, in Devon As the original shareholders

of the

low annual consumption of inches, Bream Malacca estates was

PENAND FESHA WAN EANGOON SAIGON HEMARANG SEERSBAN SHANGHAI BINGATOBE SOURABAYA TAIPING (P. R. TAVOY TIENTSIN TOKYO

TONGKAH (Bbukst) TBINGTAG

TOKOHAMA ZAMBOANGA

(Philppine Islanda)

General .and

Foreign Exchange Guilder 80,000,000-

{10,6,167.) Guilder 40,000,000- (23,130 JB.)

Hand U-ANSTERDAM"). Seeber Head Off-BATAVIA, ES2—landsemain

Banking business transacteil:

Current Accounts opened and Fixed

ed

next

the

Deposits received for 1 year or short will recollect, the dead at a

er periods at rates which will be quot Bombay,ed on application. Bacadamson") Calecita, Cheribou. Dimber, Djok

A. H. FERGUSON, jakarta) The lugu", Siddah, Kobe,

Bianager, Koadjammer, Medan, Padang

Pokalougni, Palembang

Hong Kong, 8th January, 1929. Postanak Bangoom, Bossard Samareng'). Bhanghai, (Sumatra), Singapore, Socrabais,

Bibolg

Scerskarse (Solo) Tegel, THE BANK OF TAIWAN, LTD.

and Valkovreden.")

"The after savo ente diposit boxes belah. Landen_Bankers-National Provindal Bant LM.

Correspondents all over the world

Banking bosinga of every Jawapan tracenied.

P. A. ELBERG,

Manager.

Hong Kong, 27th May, 1929.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital Frs. 72,000,000,00 Paid-Up Capital...Fra. 68,400,000,00 Reserve Funds ....Fra.102.000,000.00

Bangkok Battambang Hue

Cautho

Canton

BRANCHES:

M.ngtze

Nam Dinh

Hong Kong Quinhon

Saigon

Shanghai Singapore

Dijbouti Neumea Thanhos

Fort-Bayard Papeete

Haiphong

Hankow

Напої

Тонгалг

Tientsin

Peking Pnom-Panh Vinh

Pondicherry Yunnanta BANKERS:

(TAIWAN GINKO)

Like many

very low cost and brought to matur- ity at a capitalisation figure of £27 other 10s. per acre. young producers of the same period, it was found in 1919 and 20 that the excess profits unfair incidence of

deprive

sharehold duty threatened to crs of the bulk of the profits to

ta which they were legitimately entitled after six or seven years of waiting for a return on their investment. The lower the capital cost per acre the greater was the proportion of the company's earnings which became liable for taxation. It was on this

that the chiefly account

original sterling company went into liquida- tion and was acquired by the pro- sent dollar company on a basis of Kobe, valuation which at the time coaform-

rubber ed to ruling values for

pro-

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

Central Bank in Formosa. Bank-Notes issued

Average amount....Yen. 45,000,000

BRANCHES AND AGENCIES:

Yokohama, JAPAN:-Tokyo,

Osaka. Keelung, Makong, Nanto, Shin- high for present standards. One of

*

33

Fat or Lar

Heart

Kidneys Liver

Kutton

Sausages

No 1.

H

Fish.

Water Fish.

is proving in excess of what is re- Canton Fresh quired for full renewal it has been found possible to lengthen the cuts on certain areas from one-third to Carp half circumference tapping alternate Catist daily. The conta bunding, which

Codfish for the past has been in progress four years,

is completely checking Crabs

Growth all loss of top-soil. greatly improved in consequence, and Dab this work is being accelerated in a Dace attempt to complete the whole patate

bas Cuttle Fish

this year.

Dog Fish Manuring experiments are being Eels, Conger carried

Fresh Water .. out over a section of South "

a view to fading a Devon with

Yellow formula which would give improved growth and increased yields to a de- Frogs gree which might justify its cost of Garoupa application over a large area.

Rates of

Indian wages for era were generally increased this Herringa year. The present force is adequate Hallbut

labour-

Gadgeon

FORMOSA: Giran, Kagi, Karenko, perties, but which is admittedly too or our needs and is very settled. Labrus

chiku, Taicha, Tainan, Takao, the chief objects, therefore, which is becoming increasingly difficult, and Conditions of recruiting in India are

Loach Tamani, Toen. Heito, Taito. being achieved by the present policy unless there is some improvement in

Lobsters CHINA-Shanghai, Hankow, Amoy, of applying our reserves to further

of de-

de- Mackerel Foochaw, Swatow, Canton.

the the present figures of excen development in cultivation is

over arrivals Malayan Monk Fish Singapore, gradual averaging down of the capital partures OTHERS: Hong Kong,

labour estates may have to face a Batavia, cost per acre. Soerabaya, Semarang,

Mullet shortage before the end of the

year. On the Semantan Estate budding Oysters

been work has carried out over 400 Parrot Fish arres and a progressing satisfactorily. Perch We have established an isolated den of 10 acres for future supplies $20,000,000 of improved strain seed, also multi-Plaice

Bombay Calcutts, London, New York, Dairen.

LONDON BANKERS:

The London County Westminster and Parra Bank.

Centres in the European

THE HO HONG BANK, LTD. (Established 1917.)

The Bank has Corapanel, Bosais, Man Authorised

e Domarela F

jobusle The Jare. Alrios, V.8... Aust: Assued

Japan. Indo-China Blam, Indie,

Phipps

Interest allowed on Current Sosomnia, and Fixed

IN FRANCE: Comptoir National te d'Escompte de Paris; Credit fyounais; Depuis at lates whius will be coated on applios. Banque de Paris at des Faye-Bas; in Deposita in Yan onu be accapied Credit Industriel et Commercial; So- ciete Generals.

K. NAGURA,

IN LONDON: The National Pro- HONG KONG BRANCH: vincial & Union Bank of England,

Ltd.; Comptoir National d'Escompta

de Paris; Credit Lyonnais.

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

Interest allowed on Current Ac- counts and Fixed Deposita according to arrangements.

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

A. LECOT,

Manager.

Hong Kong, 1st May, 1929.

LIMITED.

Established 1880.

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

Yen 105,500,000 Reserve fund

Manager.

2, Des Voeux Road Central. Hong Kong, 19th January, 1923.

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 Reserva Fund

$60,000,000.00 18,278,600.00 9,609,425.24

HEAD OFFICE: PEKING.

HONG KONG BRANCH:

Pald-up

CAPITAL.

Liabilities

gar-

Pike

plication nurseries of the best Suma-Ponifret, White 8,000,000

tre and Malayan elones for our own

Fomfret, Black 4,000,000

future supplies of budd-wood Fifty trial clone groups have beex budded Prawns 4,060,000 | i

from the best Devon trees of which Ray 2,219,000 EMA

the highest, it may be interesting to Rock Fish note, yields at the rate of 8 lb. per Roach annum and the lowest 30 lb. per annam. Two hundred acres are be- Salmon

feiled for planting ing

this year, Shark and it is intended to open up a fur-Skate ther 300 acres next year if condi.

Shrimps tions are favourable.

Reserve

Shareholders Surplus

HEAD OFFICES-SINGAPORE. Branches, Agencies and Correspon- dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager. Hong Kong, 15th May, 1929.

THE BANK OF EAST ASIA, LTD.

4, Queen's Road Central. Branches and Sub-branches all over Bombay

The expenditure incurred in the Smapper working To Koppa Tea Estate is Soles proving higher than was anticipated.

Tench but we are informed by the agents

Turbot that substantial progress has been

The

猪排

肚酶骨穿手肉腸腦脚什瑱心鋈肝骨胛團脚心腰肝猪油油肉股 牛羊仔仔

肚 水

猗猗猪猪猪猪猪猪羊 羊羊 牛乳绛牛牛

魚魚水 魚魚魚 魚 脚步繁廒幾班魚白甲花魚蝦魚魚魚娆魚芒魚雞繼鯊公魚鮪魚魚 魚魚魚魚魚 黃鐵 海淡黃衎石自餓將黃鳥龍芒濟獅頭花班白明懇石崇馬沙發蝦立捷尤左脚 公斑

ME

THE TRADE RETURNS

80

60

BA SHERA - ##KCAREH

獅線肥鸡班新本海拍白海火火沙山越

9

90

22 21

22

21

25

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នឌតឆឌ ១ ន&ឌ |

»

10.

95

"1

17

Beach 50

10

1h.

"

海口

8 6 ད

set $1.20 $1.00 $1.00

45 26

Pigeons, Canton.

Haihow

Turkeys, Cock Turkeys, Hen

Snipe Pheasant

Quail, Partridges

Almends

Fruits.

Apples (California)

བཙྪཱའི བམ ནམསྨྲམ ཿ

Ib.

རཀྟྲི

དརྦྷ བ ང

Oranges

Pears (Canton)......

88

YE

pair

each

K

70 Tb.

| |||

20

24

4

12

༄ཧྨ༤|-ཝཱཝམྦུདྷནྟ ེ | | ཁ ༅ |ཎྜ

༄ ༷ སྐྱ སྒྱུ ལ ༅ ། .] 「འཱུའྲཆཀྭ| }

{| 198 | 99 | 1

45

26 24

金山鄰藥

་་་་་

45

Bananas (bride's)

蕉山香蕉

30

27

Carambola

BK

"น

Per set 8

12-

Cocoanuts

16 15

#

10 each 12

85

16

18

Lemona, China

#

lb.

14

26 BO

18 20

Lemons (America)

金山檸檬 ench

ouch 14

10

10

Lichees, Dried

13

10

8

落枝伥

42

48

30

24

Oranges (Canton)

新會翻證:

220 71

34

.35

#

..

36

2

38

60

70

Peanuts

21

21

生 #

*

per set 92

80

70

Persimmons, Large ..

紅柿

#

ench 11

8

Plantain

15

12

Pumelo, Siam

46

26

Walnuts

Bb.

25

25

$0

20

Grapes

40

26

90 20

20

32

28

1188886.2721 BE ETEISE

www

12

#

28

14. 10

12

12

* *

# # lb.

18

+

邀羅柚 each 18

菩提子

2.

Vegetables, &c.

Red

Cabbage, Chinese

(Shanghai)

Cane Shoots, bunch.. Cauliflower (Large)

(Medium)

W

Carrots ...

Celery, Chinese

竹菜角頭瓜瓜瓜菜菜笋花花花笋菜干椒椒籽瓜嗡巂 米菜路路

#

5

12 臆

16

each 12

Ib.

སྲཋ མ ༥

12

12

6

24

8

8

rt

B

10

12

each

pཋ་ཥྭལྦ།|༅། 「* } }

16

24

Artichokes Beans, Sprout

20

16

Long

Beet Root.

25 13 16

Bitter Squash

10 27

Brinjals, Green

12

$4

12

9

12

16 27

25

26

17

16

31

27

23

16

20

"

10

(Small)

>>

6. 6

16

#

6 7

A

10 18

***

6 10

6

28 30

Chillies, Dried

椒干

21

18 26

5

Red

32

26

"

紅辣

20

10

"J

40 30

B 8

22

18

10

8

プラ

18 23.

6

2

18

15

8

6

22

18

7

22 24

6 10

32 21

28

8

20 26

8

45

13

2

10

12

2

10

16 22

鮮草我

70

22

14 9

#

1

10

20

15

16

Green

洋慈Ä 生

$

8 3

5

4

-

36

26 29

Shanghai

P

上海葱頭

6

6

37

88 30

Parsley

16

60 8

36 36 45

Palato, Sweet

5 3

10 14

+

Japanese

日本

4 8

16 10 14

American

金山薯仔

+ 3

13

18

Pumpkin

22 10

Radish

紅蘿蔔

6

86 20

15

30

8 10

Shallote

千葱

6

22

10

10

Spinach

6 8

92 30

8

20 35

4 7

28 28 18

8

6

6

4

18 12

4 15

1.60

40

Б

6

ess

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****************************** 569 -8 -*******8

Green

Carry Stuff, English..

Cucumbers

Garlic

Ginger, Young

Old

Horseradish, Shanghai Indian Corn

Water Chestnuts

IT

Mandarin.

Mushrooms, Fresh Okroes

Onions, Bombay

#1

Lettuce

Rhubarb (Fresh)

Tomatoes

Taros

Turnips, Punti (Long)

Vegetable Marrow

Water Cress

Water Lily Root

possibility that Mr. Churchill may be able to consider the idea of "penny postage" more favourably than was the case some months ago. Already persons in high commercial and in- are assuring us dustrial positions that the benefits due to the partial application of the de-rating scheme (December 1, 1926) are beginning to be recorded.

SHIPS BEING BUILT FOR CANADA

5 4

STANDARD TIME.

SUNRISE AND SUNSET IN COLONY

Sunrise and Sunset in Hong Kong for June (Standard time of the, 120th Meridian, East of Green- wich), are as follow:--

made in improving health conditiona. Turtles, small, fr. water HEAD OFFICE: HONG KONG.

establishlog B settled labour force 10, Des Voeux Road Central,

and in consolidating the plasted area- Hong Kong.

$10,000,000 A further 65 acres are now being Authorized Capital Paid-Up Capital

5,000.000 planted. Reserve.

1,500,000 Our forward sales for the current year cover 625 tons. rather more BRANCHES AND AGENCIES:

preliminary analysis of the Batavia

Board of Trade import, export and Melbourne San Francisco than half the anticipated crop, at an

average price of 15. 1d. per lb. Nagasaki Seattle

re-export returas indicates that the THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe, Calo, ta New York Semarang. The view has long been held by progressive position, unlike the first

Osaka Singapore

your directors America, and other parts of the world. Canton

that the publication quarter of 1928, is better maintain

The progress of details of cost of production is aed on the whole. Sourabaya National Haiphong Paris Bankers: The London

Peking Sydney Provincini and Union Bank of England, Honolulu

practice which is bad in principle, shown is, however, an ambiguous one, inimical Taipeh Ltd.

Kobe Penang

To the interests of produc so far as the money values indicate The Guaranty Trust Company of Kowloon

Rangoon Tientsin ors, and often very misleading by the position. Individual monthly re- London Saigon Tokyo New York.

reason of the fact that there is nu turns are often better, while the Shanghai

good. quarterly aggregate is not New York Bankers:-The Irving Manila

common basis adopted by rubber National Bank.

Correspondents in all principal cities companies in arriving at "all-in-coat" The Equitable Trust Company of of the world.

figures. In this connection the re- The quarterly total of imports of raw material for manufacturing indus- New York

Every description of Banking and cent action taken by the Rubber tries is, perhaps, not so satisfactory Interest allowed on Current Ac- Exchange business transacted. Lears Growers Association in drawing, at at a decreased value of not far offer Returns, that, about 200,000 tons counts and Fixed Deposits. Terms on granted on approved securities

tention to this undesirable practice is 1,500,000. The reflection of this de- of the shipping now under construc

in your yards is intended for the {application.

SAFE DEPOSIT BOXES to let

tion to be heartily commended. It can be

our re-exports for crease is shown in

Dominions, is

really KAN TONG PO,

that safely claimed

the working the January-March period, the de- British Cole Manager, custs and sales policy of Devon will crease being in excess of £3,000,000. gratifying feature of our shipbuild-

tenting trade. "British Dominions" Hong Kong, 21st March, 1927.

bear favourable comparison with any Compensation is other first class property. The de- afforded by the increase in the ex- this case means largely, though not

exclusively,

for Canada,

which THE MERCANTILE BANK OF tailed accounts are open to inspec-

port value

of indigenous

Colony wa are building · sô” many tion to any shareholders who may materials and articles mainly

Lake steamers in addition to Cana- INDIA, LTD.

wish to examine them."

manufactured, the return for the dian Facific fluers, and from which 14 The report and accounts, and the first 1929 quarter being £718,000 directora recommendations as to dis more valuable than for the 1928 country, happily, there is good pros- pects of more important orders com- tribution of profits were adopted

period.

The Canada in- ing along shortly. quiry is a factor of real importance to British shipbuilding just now.

Head Office:-YOKOHAMA.

Branches and Agencies at:

Newchwang

Alexandria

Batavis

Bombay

Buenos Ayres Calcutta

Canton

Changchun

Dalem (Dalby)

New York

Osaka

Peking

Rangoon

Rio de Janeiro Saigon

San Francisco

Fangtien (Mukden) Seattle.

Hamborg

Hankow Harbin

Hong Youn

Honolulu Kai Yuen Karachi

Kobi

London

Los Angeles

Lyons

Mapila

Semarang Shanghal Shimonoseki Singapore Soerabaya Sydney Tientsin Tokyo

Txinanfu Tsingtau Vladivostok

(Temporarily

closed) Interest allowed on Current Ac

Nagoya

Counts.

Deposita received for fred periods at rates to be obtained on application,

EL MORI

Maneger. Hong Kong, 11th March, 1929.

Every description of Banking Busi ness transacted.

Ex-

Loans granted on approved secur-j ities.

Special facilities for Home change.

SHOU J. CHEN,

Manager

THE BANK OF CANTON, LTD.

Established 1912.

Head Office Hong Kong.

Authufand Capta) (EX. Cursany) ---#11,300,000 Paid Up Caplisi minemannimmons B15620) Heserve Fund -

HEAD OFFICE

Authorised Capital

Subscribed Capital

15. Graosahurch Street, Imdan, B.C

£3,000,000 1,800,000

1,050,000 1,812,047

Paid-up Capital

Reserve Fund and Rest

Galia

БАНЕРЕЯ:

Singapore

The Bank of England & Miland Bank, "Lḍd. БРАКОНИЕ Bangkok / Hanging Husle Zumpur.

Rangoon 850,000 Balavis Howtah Karsan (Pabang) thankba!

Bombay Jpob

Madram BRANCHES Denton, Shanghel Hanko, matow, Oulouse Katy Now York Bangkak, Now" York and Bhai Frascinio. Colambe Karachi

The Kota Bharu Fors Levis (Mauriatus)

· LONDŐN BANESARE p... The Lord's Bank Llished.

HONGKONG BRANCH. guiESPONDENTS

| side of the Workā. Foreign" change and banking bestuses t erary Ameription "trarmelad.

Bala Dapodi Barse (goriom dan) in a poorly

LOOK POONG SHAN,

Chief Maunger. Hong Kong, 19th February, 1927.

In all

Messrs. L. F. Burnard and J. M. Stewart were re-elected directors and Derrick and Co. were re-appointed auditors.

BANK IN FAR NORTH

to pome

extent

TAW

PENNY POSTAGE IN SIGHT?

חון

Since the Government stands to benefit to the extent of Over

estimated £4,000,000 the

present The Canadian Bank of Commerce value of flat rate rentals for "basm” Bombay has announced the opening of stations, to be collected for the next

branch at Fort Churchill, Manitoba, the eventual terminus of the Hudson Every Josepsion of Banking and Exchange besi-by the Canadian National Ballways INTEREST - allowed Opel Ascouts and through northern Manitoba The Pized Deposit Rata thai may be avosetained

steel, progressing at the rate of mile. a day, expected to reach tidewater at Fort Churchil by the end of March.

on applesiion.

LO, IL G. BANDES,

7, Jose Road Candeal..

Hong Kong, 1915~ Apel?,, 1999.

arter of a century by the G.P.O. since it will also derive in the approaching years, a large amount in by the or revenue Wireless Cable merger," to say nó- thing about the good bargains it has already made in the transfer of cable properties, there in Just the

The fact stated in Lloyd's Regia-

Sunrise, Sunset.

**.10. DIL

June

5.38 7.05

7

5.38 7.06

8

6.98 7.00

9

5.88 7.06

10

6.88

7:07

11

6.38

$7.07

12

5.38

7.07

13

$.38

7.08

5.38 7.08

15

5.38 7.08

16

5.88

7.09

17

6.38 7.09

18.

5.38

7.09

19

5.99

7.10

20

5.99 7,10

21

6.89 7.10

22

5.89

7.10

23

5.40 7.10

24

6.40

7.10

25

6.10.

7.11

The Perfect Aitimotic Tretinoint E to rid your skin of phrupkan, blotchat KURMANJE Ut ipple, the very weling lizoli

· MIDIS DONAČELto the skin and táhlý đá s

The dra, drugs, voocha and oONE, PANASZA 'KATOL

5.40

7.11

27

5.40

7.11

5.41

7.11

5.41 7.11

5.41

7.11

Clears Skin

of Blemishes

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