HONG KONG AND SHANGHAI BANKING CORPORATION.
Suikaried Capital .......... Essed and Fully Pald-up
Dossere Funda w
Harling
* $50,000,000 $20,000,000
8,000,000 +$1,000,000
Barve Labilly of Proprietors $30,000,000.
HEAD OFFICE, HONG KONG.
BOARD OF DIRECTORS:-
W. H. Bell, Eng. Chairman,
J. A. Plummer, Esq.
• Deputy Chairman.
don, Mr. B. D. P. Dish
& II. Compton, Esq.
M. T. Jukasco, Beg
B. Leader Lewis, Esq.
•MOT
DANGKOK
-MATAVIA
BOMBAY
BALOUTT&
CARTON
GERFOO
COLOMBO
DAIREN
POOCHOW
ΠΑΙΓΜΟΝΟ
BAMBURG
DANKOW
HARDIN BUNGEEW
BOCA
LPUMA
JUHORS
FOBX
KOWLOON
TV. E. Paitondan, Eaq. T. R. Peros, Baq.
T. 14. H. Xhaw, Ray.
J. F. Warren, Esq.
Chinc Manager.
Hon. Mr. A. 0. Hynes.
BLANCHES--
KUALA LUMPUN
LONDON LYONS
MALACOA MANILA
NOUKDEN
NAQABARI
NEW YORK
F111*ING
FENANO
BANGOON
DAIGUN
BAN FRANCISCO
SHANGHAI
SINGAPORE
SUUHABAYA
SUNOKI PATANI TIENTSIN
FOR YO
TSINGTAO 10KUHAMA
Current Accounts opamed in Loud Comme and Wized Deposite reserved for cast of shorter periode is Local Cursany and wellng *** Sauna which will be quoted on application. Tiong Kung, Lilli Nurotate,, 12.
HONG KONG SAVINGS BANK.
The Bon of the above Bank la conduct
by the HONG KONG AND BHANUHAI BANKING CORPORATION.
umained on application.
BANKING CORPORATION,
Bulas may be BELANOUAI
4. U. BYNES,
Whist Manager.
Hong Kong. 18th Beptember, Just.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
INKTAKALANDS TRADING SOCIETY) DANKERK.
-
Established 1924. Houg Long On:— Qu'a Road Central. Arch Capital ....... under £50,000,000- (14GU.) Pd-Up Canal Uvilčari B
(4-5,560,607.) Bore Fund ................................ Guilders (4,000,000
:-(AMSTERDAM”),
Baaten load U100 --BATAVIA,
– HA NAS KR (— Željernas Baudoug) Bombay,
Valentia, Laaralan. Damber, Djok Jakarta's The Hegon'), Jeddab. Küba, Kola-liday Makassar, Medan, Palang Palo
Zaloga, Promus.
Bibolga Hortabel,
Boereza (bold), Tegal. Tulskist and Walterada.').
These ficou have safe deposit bazás sa ak London Beaker:-National Provincia Bank Zebel. Forondania i over the world
Banking business of ovary
darision transected,
2. M. ELBERG,
|
THE CHARTERED BANK OF INDIA, AUL.RALIA & CHINA.
Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON. Paid-up Capital
Reserve Fund....
Reserve Liability of Proprie.
tors
£3,000,000
£4,000,000
.25,000,000
Agencies and Branches:
ALON RTAR
(Malay States)
AMBITUAR
ВАНОКОК
BATAVIA
BOMBAY CALCUTTA CANTON
САЖИРОВЕ CEBU
COLOMBO
DAIREN (Dalny
Bouth Manchuriaj
DKLINI
BAIPUONO
TAMBURG
RANKOW
KABBIN
(N. Mancanela)
TONG XOKO
ILSILO
IPGH
KANCHI
KLANG
KOBE
KUALA KANGSAR
KUALA LUMPUR
KUCHING
MARRAS
MANILA
MEDAN
NEW YORK PEKING PENANG PESHAWAR BANDOON
SALOON REMARANG
GKREMBAN
SHAHOVAT
AINGAPORE
BOUNARAYA
TAIPING
(P.M.S.) TAVOY TIENTSIN TOKYO
TONOKAR (Blaket)
TSI NOTAÐ
YOKOHAMA ZAMBOANGA
(Pippins Islands)
Park (P.1.S.) Foreign
Exchange and General Banking business transacted."
Current Accounts opened and Fix- ed Deposits received for 1 year or shorter periods at rates which will be quoted on application.
A. H. FERGUSON,
Hong Kong, 8th January, 1820.
THE CHINA MAIL,
TRADE ENQUIRIES
Lines & Agencies For America
COMMERCE
The following is a list of American firms or individuals who desire to establish connections with merchants in Hong Kong and who invite cor- respondence. No responsibility is as- sumed as to the standing of the per- or firma named. Further in- formation may be obtained at U.S. Consulate-General.
Colors for Printing
Inks.-H. Kohnstamm & Co., Inc. 83-93 Park Place, New York, desire local distri-
BORS
bution.
the
|
AND
FINANCE.
LOCAL SHARES
MALAYAN RUBBER PRODUCTION
QUESTION OF INCREASED OUTPUT
QUANTITIES SHIPPED
The following correspondence ap-
Benjamin And Potts peared in the "Financial Times" in
Weekly Report
Messrs. Benjamin and Patts, local share and generat brokers, in their weekly share report, dated yesterday,
stated:-
mail week:-
It is a known fact that restriction accumulations had been entirely cleared from Malaya by the end of April, when the May and June ship- ments reached the moderate figures of 43,980 and 40,398 tons respectively the impression was gained that 40,000 local market has not tons, or thereabouts, would prove to shown much animation during the be normal. period under review and only moderate volume of business has re- sulted. Prices have kept very steady and changes from last week are for the most part unimportant."
Although buyers of most stocks prevail, the
Since that time the quantity shipped from Malaya has rapidly increased- July, 16,454; August, 60,441; Septem ber, 53,484.
The explanation of flush production being consequent upon The Shanghat market has been resting during the restriction will no rather orratic. Cotton Mill shares longer hold wator, except possibly to came in for a good deal of attention a very limited extent. The real ex÷ In the beginning of the week, but planation is that a small task tapping the demand has not. been maintained system is being more or less generally and lower rates have ruled at the adopted throughout Malaya. The
principle of this system
a that Banks-Hong Kong and Shanghal tapping coolle, instead of being given, Banks are slightly easier and are ob- say, 350 trees to tap, has a task of tainable at $1,350. The London quo- about 200 trees only. tation is unaltered.
Tapping has to
Advertising Novelties and Leather Manager. Guods.The Meeker Co., Third Street & Michigan Ave., Joplin, Mo., desires to establish connections
close. with Arms who might be interested in the exelu- rive sale of their
THE HO HONG BANK, LTD. (Established 1917.)
CAPITAL
Authorised Issued
Paid-up
Reserve
Liabilities
Shareholders
and commercial leathertising novelties
goods.
Bert S. Edelman, 28 Kearney Street, San Francisco, Calif.; Commission Broker, desires to act as representa- $20,009,000 tive for local exporters for the sale
9,000,000 Kerosene,
Oriental commodities.
Gasoline, -Asphalts, 4,000,000
Lubricants, etc.-American Refining Co., 2510 East Street, Long Beach, 4,000,000 Surplus
Calif., desires to establish connections 2,219,000 HEAD OFFICES: SINGAPORE.
with rollable importers of petroleum products. 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, 18th May, 1929.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
ternational Pearl Trading Co. 110 Pearl Slugs or Baroques.The In- Jackson Street, Wausau, Wis., desires to get in touch with buyers in this territory.
be commenced and finished as early as passible in the morning, during which hours the rubber tree yields much more profusely.
Marine and Fire Insurances-A small decline has occurred in Unions to $360. Cantons are wanted at $995 and China Fires_at $310. Under- I have it on unimpeachable au- writers are on offer at $24. Hong thority that this new method has re- Kong Fires have remained steady at sulted in increased outputs varying $815.
on different properties from 10 per Shipping Preferred Indos have ad- cent. 40 per cent, and from another vanced to $48. Douglas Steamships have eased somewhat and sales were crease is 27 per cent.
quarter learn that the average in- The adoption reported at $25. Union Waterboats of this syalom necessitated the train- can be placed at $21. Hong Kong, ing of a very large number of extra Canton and Macao Steamboats at tappers, and it is only now that the $28% have not moved.
results of this change of method is Docks, Wharves and Godowes making itself really felt Trucks, Tractors & Automotive Pro-China Providents were the medium of
It remains to be seen whether this ducts. Dependable Manufacturing a large business at $5.15 to $5.80. higher yield of latex will have any Co., 802 East Main Street, Streator, Whampoa Docks have again weaken- detrimental effect upon the trees and Il, seoks to establish local connections ed and were sold at $34. Kowloon so induce a recurrence of brown bast. with importers of the above.
Wharves at $147% are unchanged. I think I am correct in saying that it Men's Felt Hats.-Southern Hat Co., Hongkow Wharves at Tis. 100, Shang- has not yet been definitely decided Inc. 210-212 Chartres Street, New Dr.hai Docks at Tis. 100 and Now En- whether that disease was indured by leans, La., desires to appoint a re gineering at Tls. 71 continue too heavy or too frequent tapping, putable agent for the sale of the neglected.
and if the latter the new system is not above.
Lands, Hotels and Buildings-Heng likely to be followed by any detri Kong and Shanghai Hotels have had mental effects upon the tree.-I am, transaction at $10.40 and more are toetc., be had at this figure. Hong Kong Lands
are on offer at #05%. Hum- phreys Estates were done at $14. Realty's closed the turn lower with sellers at $0.
HEAD OFFICE:-Taipub, Formosa
Incorporated by Special Imperial Paints, Varnishes and Lacquers.-
Charter, 1899.
The Arco Co., Cleveland, Ohio, desires to obtain an exclusive distributor in Is Formors. Central Denk to Back-Netre sued Arange amounYen. 48,000,000] this territory.
DRANCHES AND AGENCIES:
Chinese Shavings (Bowfar)John JAPAN :—Takyo, Yokohama, Kobe, Duska. FORMOSA :-Girsa,
Karenko,
& Co., Inc. 114 East 32nd lung, Powell & Shuchiku, Talebs, fetoan, Street, New York, desires to purchase Bakony. Nano, Kakan," "Tament, Iowa, Haito, Tallo.
the above. CHINA —ikanghai," Haukow, AMOT, Foodbarw
Swalow, Canton.
Radio Receivers, Dynamic Speakers Scarabera, and Portable Phonographs-0. A. Richards, Inc. 304 East 45th Street, New York, Exporters of musical mer
OTHERS:ong Kon Blouse. Bemerang Jaria, Bombay, -Londen, New York, Dairan. LONDON DANKLUS
KNAQUBA
Calcut
Manage.
[EONG KONG BRANOLI:
Vox Bood Gratral. Hong Kong, 15th Jimary, 1229.
$7.80.
C. L. WARD.
Warning to B.G.A.
It would bo interesting to know if thers is any connection between the visit of the representatives of Ameri can rubber manufacturers and the present low price of rubber.
seo
Public Utilities-China Lights were booked to fair extent up to $105, the market finishing with sell era $16. Hong Kong Electries have It is to be hoped the R.G.A, will not Pontiana, Hasgoodam). The London County Winter and Parr's Bankchandise, seeks an exclusive repre
receded to $86 at which figure they be tempted into any scheme that will Bearing'), Draughal,
have changed hands at the close. sacrifice the unquestionable future. (uma), Singapore,
The Beak has Components in all the presentative for the above lines in Hong Hong Kong Trams are enquired for prosperity of the plantations. These cpal Commiterola Centews Chencghout the world
Kong.
at $19.15 Star Ferries were realis-American gentlemen are here for one Cold Cream, Skin Lotion, Face Pow ed at $71. Telenes are steady at reason only, and that is that they can der, Rouges, Compacts, Lip Sticks and
the "red light." ** other Beauty Preparations-Marinello Miscellaneous-Groon Island Ce- Consumption will rapidly expand Co., 72 Fifth Ave., New York, wishes ments (Combined) were dealt In up from the European side in the pleasure an exclusive sales agent for the sale to $12.86 but the market has since car, and in far greater ratio from the THE BANK OF CANTON, LTD. [of the above products..
fallen away to $12, Semi-Refined Wax. American Over-Ropes fetched 38. Dairy Farms were buses, char-a-bancs, lorries, trackless Hong Kong commercial vehicle, the saloon' coach, Corporation, 8-10, Bridge
sold down to $204. Street, New York, desires to be placed rolidateds Are enquired for at $4.70 these are in constant commission and Benguet Con- trams, etc. It must be borne in mind in touch with importers of the above. after sales at the rate. Raubs, with their rubber requirements will be
Motor
Cycles. Melchior, Arm-
dividend I of 1/8 pending, have spurted colossal. Within two years from now strong, Dessau Co., Inc. 116 Broad
to $12.
even the mechanisation of the world's Street, New York, Export Department Cotton Mills.-Ewos opened with armies will require many hundreds of Co., Chicago, Ill., desires to appoint a for Excelsior Mater Mfg. & Supply sales at Tls. 15.15 and
a consider-tons. distributor in Hong Kong. Catalogues and price list may be seen at the Con aplate General.
beng Kong, kith May, 1927.
Manager.
BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
96, Boulevard Alausaman, Paris. Subscribed Capital .Frs. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00
BRANCHES:
Bangkok Hong Kong Quinhen
Saigon Battambang Huo
Mangtze Shanghai Nam-Diah Singapore
Canton
Djibouti Noumea
Fort-Bayard Papeete
Thankea
Tientsio
Haiphong Peking Tourane Hankow Pnom-Penh Vinh
Hangi
Pondicherry Yunnanfu BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; Bo- ciete Generale.
IN LONDON: The National Pro- 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 posita according to arrangements.
Every description of Banking and
Exchange Bagless transacted, Bafe Deposit Boxes to let.
A. LECOT,
Manager.
Hong Kong, 1st May, 1929.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Esserve Fund .......Ten 108,500,000 Head Office:-YOKOHAMA.
Branches and Agencies at: Alexandría
Nazora Batavia
Newchwing Bombay
New York Buenos-Ayres
Osaka (Temporarily closed). Calcutta
Changchun
Datron (Dalny)
Peking
Kangoon Hio de Janeiro
Saigon
tion (Mukdan) Seattle
Hankew
San Francisco Semarang Bhanghai
Shlteonowk
Singapore Sourabaya Sydney Tientsin Pakyo
.
Established 1912.
Head Ofce-Hong Kong,
Authorised Capital (D.K. Currano)...$11,000,000 Paid Up Capital 8,004,200 Hover Fundam
650,000
NAKOHES:- Canton, Blangbal, Haskow, Bio Bangkok, New York and San Fran
LONDON BANKERS —
The Lloyd's Bank Limited. Correspondente in iii primalpsi elliee of iba
World.
For adauge werd banking business of every descripilca esta
Bate Dapodik Bezi (various sizes) að s parly -rental of "from $1 to $15.
وسم
LOOK POONG SHAN,
Chlef Manager.
Hong Kong, 18th February, 1927.-
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....$00,000,000.00 Paid-up Capital Reserve Fund
ocean
BIG OIL ISSUE
Debentures of Texas Corporation.
able quantity of shares were taken With regard to present production, off the market, but the demand it must be rememhord the primary slackened towards the close and bual source of rubber is Mother Earth, and ness was done down to Tis., 15.30.although restriction has had the effect Shanghai Cottons (Old) have appre of filling the trees with latex this will clated to Tis. 70 buyers.
only last for one season. Rubbers.The following are the Intest cabled quotations received from Shanghali
Anglo-Javas Anglo-Dutch
Batu Anams Chemore Consolidateds
Buyers
Tis. 8,00 4.25 .80
1.30
1
Kroewoeks
Renaha
2.85 220 1,50
Tanah Merahs
Teborgs
1.10 1.05
Ziangbes
0.76
The largest single piece of bond flaancing to be offered for three years was quickly oversubscribed in New York. The issue was $100,000,000 con- vertible 5 per cent. fifteen-year de- 18,278,000.00 bentures of the Texas Corporation, ber
9,029,425.24 issued by a syndicate comprising the National City Co., Bankers' Co., of Now
York, Guaranty Co. of New York, Chaso Securities Corpora tion, and the Continental Illinois Co., of Chicago.
HEAD OFFICE: PEKING,
нда
Restriction has put nothing into the soll, and there is no doubt in my mind outputs next year at this time will in 76 per cent of the companies be actually less; only those with plant- ings 1920 to 1923 will show any in-
crease.
The 1923 plantings will come in next year and will yield 5,000 tons only: the 1020 to 1922 will, of course, give increased yields, but not more than a further 8,000 tons above what they have done in 1929, and with old areas declining, no fresh pro-
Forward Settlement Days-Novem-duction and no accumulation from
26 and December 23, 1929.
restriction, I firmly believe shipments will be 30,000 tons less in 1930. And this is the reason for this Ameri- can "scheme."
ROYAL DUTCH OIL be wary.
Huge Increase Of Board's Capital
Amsterdam, Yesterday.
Again I would beg of the R.G.A, to One of Britain's greatest assets is at stake.-I am, etc.,
J. L. GILES.
SATURDAY, NOVEMBER 23, 1929.
"SOMETHING BETTER THAN THE TALKIES" COMING!
COMING!
FOR A FEW DAYS ONLY
HARMSTON'S CIRCUS
AND
ROYAL MENAGERIE
SITUATED
PRAYA EAST RECLAMATION
GRAND OPENING THURSDAY
28th November at. 9.15 p.m. TWO SHOWS DAILY 4.15 and 9.15 BIGGER BETTER BRIGHTER THAN EVER
30
EUROPEAN
ARTISTES
30
-
PERFORMING LIONS, TIGERS, ELEPHANTS, HORSES, PONIES, GEESE, COCKATOOS, LEOPARDS, ETC., ETC.
י
New Turns! New Thrills !
New Turns!
New Thrills!
New Attractions!
New Attractions !
PRICES OF ADMISSION :
FULL BOX, 6 PERSONS SINGLE SEAT
$20.00
4.00
3.00
2.00
1.00
0.50
1st CHAIRS 2nd
STALIS
GALLERY
Soldiers and Sailors in Uniform Half Price to Stalls and Second Chairs Only Children Half Price to Afternoon Performances Only.
1
SEE DARE DEVIL MOSCOVITCH
In His Jump for Life Leaping the Air A Distance of 45 Feet on
a Harley Davidson Motor Cycle. BOOKING AND PLAN AT MOUTRIE'S.
KAIPING COAL
HOME
FACTORY
AND
BUNKERS
FOR ALL PURPOSES.
POWER
HOUSE,
. TUGS &
LOCOS
THE KAILAN MINING ADMINISTRATION.
Head Office:~~TIENTSIN,
Agents:-DODWELL & CO, LTD., Hong Kong,
RADIO SUPPLIES. Electric Gramophones
& Motors Tone Arms and Sound Boxes. Super Elto Outboard Motors. RUDOLF WOLFF & KEW, LIMITED,
1st floor.
HONG KONG BRANCH: 4, Queen's Road Central.
The price of the debentures Branches and Sub-branches all over 98, yielding over 5.1/8 per cent, and China and Correspondente in Europe,
Production and Consumption America and other parts of the world the funds will be used to provide for
further
expansion of the Texas Cor- London Bankers: The National
Under restriction the small Asiatie Provincial and Union Bank of Eng-poration's subeldiaries in producing, transporting, refining and distributing
owned estates, which comprise nearly land, Ltd.
A shareholders' meeting of the acreage, were probably producing one-half of the total Malayan rubber The Guaranty Trust Company of petroleum products. The debentures
are convertible at par into the cor Royal Dutch Petroleum agreed to an about 75 per cent of their potential New York.
New York Bankers: The Irving ing from $70 a share during 1980 to foring, also to grant the Board freedom selling at, say, 1s ad. per pound. poration's anpital stock at prices rang- increase of capital to 1,000,000,000 output at a cost of, say, Od., and National Bank.
The Equitable Trust Company of}
$125 share after October 1, 1989.
The success of this issue may mark of bonds, subject to the proviso that have apparently been producing the of action regarding the future issue Since the removal of restriction they York. Interest allowed од
a turning point in the American the sbareholders will be consulted be whole of their possible output at a BOOKBINDING. Current. Ac-
securities
market, where bond Aota- counts and Fixed Deposits. Terau on tions have been having hard sledding fore bond loans are issued, exceeding cost of, say, 8%d, and selling at, say, application.
Every description of Banking Bust the issue is convertible into shares at ter.
for the past two years. The fact that one third of the issued capital-Reu-, per pound. If these figures are ness transacted,
No
Loans granted on approved secur
the present market price of Texas a price starting only slightly above Corporation shares undoubtedly added
itiem.
Special facilities for Home Ex-great attraction to it in the minds of change.
SHQU J. CHEN, '--
Manager.
THE MERCANTILE BANK OF INDIA, LTD.
TINAD OFFICE:
... 15, Gracsokurah Biret, London, B. CA.
Authorised Capital
Subscribed Capital
Paid-up Capital
.£3,000,000 1,800,000 1,050,000
Reserve Fund and Rest 1,612,047
The Bank of Bugani à Midland Bank, Laž. FENCING - BRANCHES 4 -
Dat jok pola. Daulatub Naw Jock
-Port Louja (Mäzellina) | Calmista - Eda Bhưng... {'Natgoos
Colombo Hana Kali, Bhaighal. DANPEKING LINE
Calls Koala Lumpur Hipaspar | Hong Kong Kuantan (Fabang) Bourya
STONG, KENG - BRAKOEL
· Zency), dovocí pálom... of Danking
Executor
investors, although convertible bonds have fared better right along than the ordinary variety.
Huge Oil Stocks
B.S.A. RESULTS.
Resumption of Dividend Payments
approximately correct it would follow that their profita have in consequence been diminished by about 50 per cent. Small wonder that there has been "Buah" production,
The results should not now be long! In becoming manifest The pro duction of these small estates unduly
forced by economie pressure, will do
elize,
THE
* Tel C. 2178.
54, Queen's Road Central,
BUSINESS DIRECTORY
ENTER.
NEWSPAPER PRISE LTD.,
for Superior Blading. "China Mail". Offices, BA, Wyndham Street, Tel. C.22
HARRY FONG, Dentist,
and the strongly financed DENTIST. All of the big all companies are
European-owned companies reap a carrying huge stocks. of all, and a
rich harvest, for they will assuredly great deal of capital is required for.
refrain from tapping "all-out unless this purpose. It was a similar situa Small Arme Go to July 31, covering higher price than the
The accounts of the Birmingham and until induced to do so by a much Hon only a few years ago which six months operations of the parent
present. prompted the Standard Oil Company company and nine months of the sub not be unduly depressed by a little Meantime Eubber shareholders need of New York, Jersey, to make a bond sillary companies, have now been forced selling of the commodity on the Issue for the same purpose. It will insued, and show that the profit a part of speculatore world's stocks be some months before Court decisions ca16,187,
The brought forward have risen, but very lightly, and
Lat floor, No. 74, Queen's Road Central Tel. Central No. 1255.
THE GLOBE FOOK CHEONG ELECTRICAL SUPPLY CO., LD.
72, Queen's Road, Central. Tel. C.8270.
now being awaited will determino whe amounted to £202,386, and after der amount to less than four mont* ELECTRICAL SUPPLIES. ther the present efforts to curtall, pro- ducting six months mortgage, debon- duction will succeed or notes, product interest, the balansa 2170,074, ppl and not increasing, The Texas Corporation in the largest An ordinary, dividend at the rate of consumption, the strength of this
aihdy independent unit in the American oll 8 per cent per annum, less tax, is position appears Hkely to begin to business, and its erysilt stands very recommended, the first since the 8 per assert Itral in the very near future, high The present comprny was form cent for the year ended Jan.-31, 1926. and, which is even more important, ed in April, 1923, to absorb the Texas Pandas maintain itselt for long period, since Company and various subsidiaries, and in March, 1928, acquired a B1 per cent.
Hittle rubber, relatively, haa bean interest in the Californis Petroleum
planted since 1920, Company. It ja pupularly believed
The mating thing is that the ENGINEERS & SHIPBUILDERS. that a large interest in the company
{market has not discounted the 'rosy owned by the Fisher brothers of
fatare, as shown by the fact that Detroit, and Mr. WiÑA/ Fisher-15===
with rubber at 10d, per pound the vant member of the board some
majority of rubber companies aro earning 10 per cent on their present markat, capitalisation home consider ably mora u miraton
271028) thə - Taxes Corporation,
“more than 55,000,000/
frolsum throug
ve a Trusty TRIUMPH
the Motor that never fails, you
W. 8 HAILEY & CO
FOR BETTER PRINTING.
THE NEWSPAPER ENTER
PRISE, LTD., General and Commercial Printera.
"China Mail": Offices.
SA, Wyndham Street, Tel. C.ZZ.
HAIR DRESSERS & BOOKSELLERS
LEE YEE,
Ladies' and Gentlemen's.
Hair Dressers & Booksellers No. 12, D'Agullar Street
(opposite Queen's Theatre).
OPTICIAN.
THE HONG KONG OPTICAL CO.
Phone 2282. 53, Queen's Road Central.
WOUND AQU
WOON