Page

*

HONG KONG AND SHANGHAI BANKING CORPORATION.

Bulbord Capital

150,008,500

Lauad and Fully Paid-up $30,808,00 Baserri Funditum

Beeting.

Hilter

-----------8, 100, 000 0,504,000

Barro Llablity of Propelatora ............. $10,000,000 HEAD OFFICE, HONO CONO,

BOARD OF DIRECTORS |-

J. A. Plumor, Esq. Chairman,

floa. Mr. 0. 0. 8. Hankia

Deputy Chairman

W. H. Ball, Esq. Hon. Mr. J. J. Paterson,

A. B. Compton, Exp. T. E. Fauzco, Raq

1. Lander Lewis, Esq. T. II. B. Bhaw, Zag.

1. Kakia, Ext

MOT

BANDROS BATAVIA

BOMBAY

Г. Р. Жата, Кава

Crist Manager.

Y. M. Grybaum, Esq.

BRANCHES :-

LONDON

LYONS

MALACOA

MANILA

MUIR (Johor)

CALCUTTA

CANTON

DURJOC

COLOMBO

WORDEN

NAGARAKI

NEW YORK

PRIPINO

PENANG BANGOON

SAIGON

DUIEN FOOCHOW KAIPHONG

BAMBUBO

BANKOW

SAN FRANCI800

QADBIN

BANGILAT

HONGKEW

SINGAPORE

ILOILO

2040BE

SUNORI PATANI TIENTSIN

KOUR

KOWLOON

KUALA LUMPUp

SOURABAYA

TOKYO

TSINGTAG

YOKOHAMA

Carre Account” opened in Lovel Carremes dad Depolla received for one yer de shorter periods in Local Currency and Berling

which will be quited on appli

Long Loog. lis April, 1980.

HONG KONG SAVINGS BANK.

Tha Butiama of the above. Back le sondark

by HONG KONG AND SHANDIAL BANKING CORPORATION,

asinad om application.

Rylee may be

POB TOE HONGKONG AND SHANGHAI BANKING CORPORATION.

V. M. OBATBURN,

Chief Manara,

King Kong, 10th July, 1980.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.>

(NETHERLANDS TRADING BOCIETY)

BANKERS

Established 1394.

Hong Kong Ofon:-11, Quwa's Blood Central,

Kathached Capital Guldars 160,000,000- (215,200,000.) P-Up-Capitat ............ Guildars 80,000,000 (2,0,110) Serra Fund

................... Quildar■' 62,015,000 {40,644,500)

Head Ofori-AMSTERÐAH* Eastern Head Ofcs :-BATAVIA. BRANCHES :—Band,ormasin, Bandoang", Buchey,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Reserve Liability of Pro-

prietors

CEBU

Agencles and Branches:

Pafd-up Capital

Reserve Fund

£5,000,000 .£4,000,000

.£3,000,000

ALON STAR

KUALA LUMPUR

(Misley Brated)

XVONING

AMRITSAR

BANGIOK

MADILAS

BATAVIA

MANILA

DOMBAT

KEDAN

CALCUTTA

NEW YORK

DANTON

DAWNPORE

PEKING

PEHAND

COLOMBO

PESHAWAR

RANUGUN

BALDON

BEMARANG

GUANQUAI

BOURABAYA

TAIPING (P,M.84)

TIENTSIN

TONGKAH (Bhuket)

(Philippine Islands)

DAIBEN (Dalay

Houth Manshuria)

HAIPHONG

DELET

HAMNUBO

HANKOW

HARDIN

помо домо

ILOILO

SEREMBAN

SINGAPORE

(N. Kanchuria)

TAVOT

SPOH

KABAQUI

KLANG

КОВЕ

KUALA MANOBAR

(Pers.)

TOXTO

ΤΑΙΝΟΙΛΟ

YOKOHAMA

ZAMBOANOA

Foreign Exchange and General

Banking business transacted

ed Deparits received for 1 year or

which will

Current Accounts opened and Fix.

shorter periods at rates be quoted on application.

A. H. FERGUSON,

Manager Hong Kong, 8th January, 1929.

THE CHINA MAIL.

Commerce and Finance

GOLD SHORTÅGE.

France and America to Solve the Problem?

BIG RAIL MERGER.

EACH ENLARGED SYSTEM WORTH $2,000,000,000.

CHECKING THE FLOW.

PLANS SUBMITTED.

London, Saturday.

NATION'S NEED FOR ECONOMY.

MONDAY, JANUARY 5, 1931.

the STOCK themselves on

NEW YORK

EXCHANGE.

Seeking Markets in the General Opinion That

World.

Worst Is Over.

propaganda work that is done and the extra- ordinary rapidity with which the public is kept acquainted with market niovementą- and executions.

**Ticker" Information.

A man In San Francisco, for instance, can give an order and within a few seconds he will see the sale of his stock recorded on In his inaugural address as pre- At present it fà difcult to find the "tickar" (tape machine). Tho sident of the Institute of Bankers, anybody on Wall Street who will procedure is 20 follows:-The Mr. R. Holland Martin said there soy be in bullish. I have just spent seller in San Francisco telephones should be no question to-day as to some considerable time in New to his broker's office in New York; the relationship between capital York, where I have many friends, the message is at once flashed to. and labour. They were, and should discussing the situation with lead- one of a sarica of booths along the be, partners in the production of ing bankers and brokers; I have alde of the floor of the Exchange, the wealth of Britain, and at been on the floor of the Stock Ex. where, a clerk jots down the the moment should be using every change and the club, and have had instruction on a pad. The booths effort to ensure that all political the best of opportunities for study are connected by pneumatic tubes New York, Saturday. parties should make rigid economy ing the position at close quarters. With all the different atands. The The reduction of the French The Preatdents of four principal the first plank in their platform. The most hopeful people I met message is placed in a tube and bank rate to two per cent., follow-Eastern rail roads - New York

"It is no time," said Mr. Holland would

go ao further than to conveyed in a second to the stand ing a recent similar move by the Central, Pennsylvania, Baltimore Martin, "to rally under party flags express the opinion that the worst where the specialist in the particu Federal Reserve Bank of New (Ohio) and Chesapeake (Ohio), shouting the old battle-cries. That was over, says a writer in the lar stock to be dealt in la always York, is announced to-day." This have published details of their Fres Trada is the ideal may still be Financial Times on November 3.

located. The deal is at once 'com- is believed to be part of the plan agreement in regard to the con- true for an ideal world, but are the I think there is a lot of undigest pleted, and notification is im- for French and American co-solidation of all the principal rail-conditions such that we can enforce ed stock about, and in my view mediately sent to a super-machine, operation, with a view to check. ways in the East, except New Free Trade on the world to-day? Wall Street is much more likely to which straightway records particu ing the flow of gold to France England, into their four systems. We, of all the great nations, have experience a long period of stagna-lare of the deal on every ticker in and America, which created ahe plan has been submitted for played a lone hand for many years, then than anything else. The turn the country. serious shortage of gold else the approval of the Inter-State and the ideal seems further off than over is very small at present, and These Improved mechanical de-

Commerce Commission. Each of ever.

a very considerable amount of vices are a mixed blessing, for this the four enlarged systems will be

"The tariff walls of other coun-what does take place consists of reason. The rapidity of the ro worth $2,000,000,000.-Renter's tries may be too high, or, we may floor trading. It should be remem cording and its dispatch all over American Service.

think, harmful to them, but they bered that when a dealer there the country brings any depression are there Interfering with our sells 500 shares in the morning home to the people so much more trade, while we alone, and almost and buys them back in the after than on this side that it affects unprotected, allow ourselves to be noon that is not a turnover of 500 their temperament, You must the dumping-ground of the world, shares but of 1,000.

understand that a change on Wall to the evident grave prejudice of,

There is nothing like the bear Street has a much greater effect on our manufacturing industries. account, or short position as they the American public than has any

where.

The plan is a sequel to conver- sations between the heads of the Bank of England (the Rt. Hon. THE HO HONG BANK, LTD. Montagu Norman), the Federal Reserve Bank of New York, and the Bank of France.

(Established 1917.)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13, Queen's Rd, C.

Authorised Capital Straits $20,000,000 Issued Capital .... Paid-up Capital.

Reserve Liabilties

of Shareholders. Surplus

THE

"

AMERICAN EXPRESS COMPANY, ING.

Head Office: 65, Broadway, New York,

Capital Surplus

Reserves

Allep

Calcutta, Charliem, Djursbar, Djok- jakarta”, The Esqua”, Zadith, Kobe, Kora-Hadja, Maksasar, Madan, Padang Palembang,

Barlin Pekalongan, Proang,

Pontianak, Rangoon, Botterdam”. Samarszą *Singhal. Mbules (Bumales), Blogipore. Borabala Boerakarta (Salai, Legal, Tilining moả Weltevreden“,

* Thase oflow' kara anda dapoală bazɛme de let.

London Bankara 19-Rattatal. Províncial Bank Káð.

Comapoodabla "all over the world

Banking businesa of every

dance/pilom, triamcind.

▲. STOTKINK,

Acting Manager,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:"

18, Boulevard Haussmann, Paria,

Subscribed Capital Frs. 72,000,000.00 Paid-In Capital Frs. 03,400,000.00 Baserve Funds FY.102,000,000.00

Cantha

BRANCHES: Bangkok Hong Kong Quinhen Battambang Has Saigon

Mangtza Shanghai ̧ Canton Nam Diah Singapore Djibouti Noumea Thanhea Fort-Bayard Papeete Tientsin Haiphong Peking Tontane Harkow Tnoni-Penh Vịnh

Hanoi

Pondicherry Yunasafa BANKERS:

IN PRANCE: Comptoir National d'Excompte de Paris; Credit Lyonnais; Banque de Parte et des Pays-Bas Credit Industriel et Commercial; Bo elate Generale.

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

IN NEW YORK; J. F. Morgan &

Co.; French American Banking Cor paration; Guaranty Trust Co. of New York

{Carre Zotaciaks

.U.S.$6,000,000 U.8.51,572,454 U.S.$1,908,200

BRANCHES:-

Aratardam ABIWARD

G1000

diantow

Hlavina ETambura

Nice Naples Pirseus

Parla

Tenang

Biarrit Bombas Bryan Bras

Faking

Bassa

Cairo Clouti

Jerusalem Lido London Liverpool Laberne Lugano

Palermo

Kotlardan Вока

Stumbou!

O

Colombo

Murovilla

Bt. Mochta

Hodie Carla

Fbaoghal Southampto

Bingspar

Foreign Loans..

Ready to Help.

near future."

15 Le

Д Beries

of

or.

A

continent, la in

A

every

off 'our

If you are

Steels are the

watching Steals. barometer of the whole market, and cute operators will frequently deliberately incur a loss on Steels in order to snatch à bigger profit on other stocks which have moved in unison with the market dealer. Interest In Steels.

I was surprised to find that on this occasion very little interest was being taken in the election of the Governor of New York City.

best

TRADE WITH RUSSIA

INADEQUATE FINANCIAL Further developments are anti-

FACILITIES. 8,000,000 cipated as a result of the meet. 4,000,000 ing between British and French Commenting on

Has not the time come, then, to call it, as you are led to believe. movement on the Stock Exchange 4,000,000 Treasury experts at present be-articles on

change our attitude and to refuse People who have been baarish have on our people here. The clients? Russia and Russian free access to the goods of other boon bearish in theory and not fo room in an American broker's 2,628,000 ing held in Paris.

trade in the Manchester Guardian, countries that refuse it to our own? practice. When stocks started to office is very often more like a Branches, Agencies and Correspon- It is suggested that both a correspondent of that paper dents in the principal cities of the France and the United States are writas:

"The knowledge that a change loan at a premium, which is equf- gambling room at a casino than world.

may come in our attitude has al-valent to what is termed a "back-anything else. Every description of Banking and likely to make a big effort to in-

Many foreigners who have wit ready caused inquiries to be made wardation" here, it was not due to

Everyone in any way interested Exchange business transacted. crease foreign landing, so as to nessed for themselves what is goby foreign firms for factory sites, a real shortage of stock; it was

in share transactions seems to release their gold and leave the ing on in Russia have no doubt and if new factories are built over due to dealers' distrust of one an TAN ENG HOOI,

have his nose glued to the ticker Manager. British banks in a better position that this five-year programme will here, it will be a far better method other and because under their

to finance industry.—Reuter.

be fully carried out. There seems of combating unemployment than by rules margins are not put up where to be nothing. particularly strange the cutting of unnecessary corners stock is borrowed. about it while you are there; for, Paris, Saturday. In reference to the discussions it has become a habit of thought and rural district councils have been

roads and other extra-short you just borrow from day to wherever you go, you realise that vagances that our municipal, county day at the last price. between British and French finan-with the whole population. No attracted into by Government sub-

Outlook Unpromising. cial experts, aiming at

I certainly am pessimistic re- closer where else, not even in the U.S.A aldies to relieve unemployment. co-operation between the London have the

garding the outlook. I cannot see same principles of and Paris money markets, "Le method,

Power to Bargain.

any hope for a bull market on Wall management, And Journal' says that Paris will be ganisation been so boldly applied for those who cling closely to their people have lost their money and "There is, too, this consideration Street for a long time. The big happy to join "a common policy as they are in Russia to-day. for the defence of the Young community of 160,000,000 people, tariff walls lowered and done away And why should any group come in Usually this is a main topic of

belief in Free Trade and wish to see they will not return to the market, Plan, which is threatened in the increasing at the rate of 3,500,000 with namely, that the imposition of and attempt to make a bull market conversation and has a big bearing

a year, in possession of what is a Matin", declares that self-contained

n tariff by ourselves gives us at once when all the conditions are against en Stock Exchange business. At France is ready to help "certain process of organising Itself as the power to bargain with a nation them 7 I think we are far more present it is being more or less countries" financially provided single unit of production and dis that has already imposed one. From likely to see selling by investors ignored, and when I asked various that campaigns for a revision of tribution. Throughout this vast what has passed at the Imperial of shares in companies which bankers and brokers who they the Peace Treaty cease-Reuter. area-comprising

be the Conference, It is clear that the either pass or reduce their divi thought would almost natural product and climate the moment has come for us to enter into dende.

governor from the Stock Exchange Soviet la making rapid progress to-

closer and preferential commercial The feeling in Wall Street is standpoint, I invariably received wards the time when co-operative relations with the Dominions. To do that lots of stocks, are still selling some such reply as "Things are COTTON STOPPAGE. Interchange of materials and nur so will be to extend their markets on too high a level on their present so bad we don't think they

vice will prevail from Archangel and our own, and more particularly earnings and that they will have possibly be worse, and it does not in the north to the Black Sea in will this be so if that closer relation to sell considerably lower. The matter who gets in" the south, and from the Polish ship revives within our youth the old American Presa la making a mis- There is a considerable amount Russian frontier in the west

of talk going on in certain quar- to spirit of adventure and the wish to take when it states that common Vladivostok in the Far East

colonise that has decreased so much stocks, for the Erst time for many ters in New York that the present The carrying out of this unpre

years, are selling on a clear 5 per world trade depression will not be of late.. London, Saturday. cedented programme of developi

"The Chancellor of the Exchequer cent basis. They are wrong be alleviated. until something definite The cotton stoppage on Mondayment naturally involves enormous the other day seemed to think that cause they are figuring on the is done towards cancelling the War

That view is growing, seems inevitable. Representa supplies from abroad, the present we were to-day lacking in spirit and dividends paid last year. In my debts. tives of employers and operatives more pressing requirements being taking too gloomy a view of the opinion, there are very few stocks stronger every day, and in this The Company offers to intending met at Manchester last night and for timber-carrying vessels, river position of our country-a hundred that will pay the same dividend. I connection it must not be forgot- Travellers the use of its "Travelers failed to reach a settlement, steamers, dredgers, agricultural years ago he said, things were quite think we are likely to see a highly ten that the United States has an Cheques" and Letters of Credit "and, Reuter.

specialised market, with people enormous German population machinery, tractors, off-drilling as bad as, or worse than, they are equipment, heavy forgings, elec-to-day. They probably did seem so studying earnings and going for which can bring to bear a very hig trical equipment, including turbo-to the merchants of the day, but it those shares which have a long re- influence. on any such considera- generators and water-tuba bollers, must be remembered that in those will be bought, and any further

cord. On any break those shares tion: pumping

electric days the world was less full and the fall on Wall Street is likely to be. machinery, cranes, conveyers, winding and possibilities of trade expansion enor- hauling engines, machine tools, tex-mous; the potentialities of the more orderly than in the past. tile machinery, printing and paper-development of power from steam realised there is still a lot of At the same time it must be making plant, locomotive supplies, and electricity undreamt of.

wreckage, and that, as was the case refrigerator-

Since then the world has filled up last November, any rallies will waggons, lorries, motor-cars, motor-cycles, pricuma- greatly, and save, perhaps, for the tic tools, hydroplanes, cotton, wool cheaper production of power, there bring out a lot of stock waiting to len, and leather goods, clothing, does not seem great possibility of be liquidated. So far as I could boots, and so on.

inventions so epoch-making for in- gather, the present tranble is To take full advantage of such dustry as those of the nineteenth largely due to people who have a huge market our manufacturers century. Wherefore it is all the been identified with different trad require more adequate financial more necessary that we as a nation stocks and have sponsored new facilities, Chief Manager.

Issues which they have not been long-term should, by economy, conserve, not able to retail. whereby Hong Kong, 16th May, 1989. Soviet bills, say from three to five dissipate, our resources, so that we

One of the things which im- years, can be discounted at may lessen our taxation and be in

pressed me most during my latest ment in the mechanical devices of visit was the enormous improve

the Stock Exchange. They pride Northern.

Constantinopla

Copenhagen Zunbuza Moracos Ganars

Manila

Sunle Montrea Ma

Tientala Vianna

Yokohama Suriah

Branchea of American Express Company In Principal cities of Unit- ed States of America and Cannin.

All classes of Commercial Banking Transactions-undertaken.

Personal investment

handled

accounts

In addition, the world-wide services of its thoroughly equipped Travel De- partment.

Affiliated with

THE CHASE NATIONAL BANK Resources ..Over $2,500,000,000

E., W. DUGGAN,

Manager.

THE BANK OF CHINA.

行銀國中

Reorganised October 20, 1928, under

special charter of The National Gov.

· InterestTM allowed ́ on Current Acerament as an counts and Fixed Deposits according

to grangements.

INTERNATIONAL EXCHANGE

DANK.

Every description of Banking and Subscribed. Capital Exchange Business, transacted.

Safe Deposit Boxes to let

A. LECOT,

Manager.

Houp Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1890.

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

Rezerve Fund

Yea 118,500,000 Head Dicas YOKOHAMA, Branthes and Agencies att Alexandria

Batavia

Bombay Buanas Alres

Temporarily *** closed),.:*:

Calcutta

Canton Fil

Changchun

Dairen (Dalny

Nagoja ANawchwang New York Osaka

Peklor

Rangoon

Blá de Janeiro

Saigon

San Francio

Fengten (Burdon) Beattley

Semarang Shanghai

Hamburg

Hankow

Harbin

Hong Kons

Shimunoek) Bingapore

Boerabay

Bydney

Tientsin Tokyo Tsinanfo Taing

Honolula Yoon

Karachis Kobs London

Los Angelor

Manda

Paid-Up Capital Reserve Funds

.$25,000,000.00 $24,710,200.00

$8,820,503.82

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4; Queen's Road Central

Owing to our numerous branches in China and large connections in the important commercial centres of the world, we are able to attend to our clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds and other Pablic Funds of the Clin

EMPLOYERS AND OPERATIVES FAIL TO AGREE.

THE BANK OF CANTON, LTD. Established 1912.

Head Office: Hong Kong, Authorized Capital (LE. Ouracy) #11,000,000 Paid-up Capit8,000 Ever FusLOUD OF THE

1,000,000 BRANCHER -

Canice, Shanghal, Hankow, wow, CORRESPONDENTS Franels

LONDON BANKERS 1000

The Lloyd's Bek, Imind.

In all principal cities of the trek. Torsign ambange and basking business of every demption wanimolad

Ente Deposit Boxes (razione Kines) să a yearly rantal of iron 35 to 140.

LOOK FOONG SHAN,

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

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

Central Bank la Porno. Back-Holes bead Average des You. 45,000,000 BUANORES AND AGENCIES » JAPAN Tokyo, Yakobsms, Kobe, Onta FORMO

Kash · Karenko,...," Anslang. Fanta, Binalika, Talos, Fame,

London, New York Dairen

LONDON BANKERS:

The London Cously Westminster and Parr's Bank,

se Government both at home and Benk has Correspondente in the vacipal

abroad.

SHOU J, CHEN, T

Hanager, Hong Kong, 5th March, 1930.

reasonable rate of interest, and the best possible position to carry with not more than 30 per cent, our merchandise to the markets of recourse on the suppliers. A few the world" ing delegation from the Soviet NEW YEAR GLOOM. weeks ago 'an important engineer-

Union arrived in this country with arders to place to the value of. from £5,000,000 to £8,000,000. They visited Afty factories and works, and were satialed from the purely technical standpoint that

MORE BANK FAILURES IN UNITED STATES,

New York, Friday. The New Year opened badly

CHINA-Shanghal, Rarkow; Avory, Fohow, everything they needed could be with further additions to the re- OTHERS doo Rong. Supports Bombays, obtained in Great Britain; but an cent spate of bank failures. Nine BG Besareng Bateria Lombay, Comis, average of three years credit from small banks in various parts of such a large sum could not be doors yesterday Reuter's shipment was necessary, which for the United States closed their arranged without banking or Gov American Service ernment asafatance, and as this was not forthcoming the best the Winnipeg is the first city in Commission could do was to settle Canadato equip its police depart orders to the value of $2,000,000, ment, with radiotelephone trans leaving the balance of £8.000.000 mitters to be used exclusively in the to 24,000,000 upplaced. Earlier detection of crime. this year na offer was made

Commerde). Centres throughout the world.

AKADURA.

HONG KONG BRANCH:

1. De Van Basd Central. Hong Kong, Bth January, 1930,

THE BANK OF EAST ASIA, LTD.

Established 1918.

10, Des Voeux Road, Central,

HEAD OFFICEL

HONG KONG

Capital and Surplus

over ILS 8,000,000.00 Total Resources Away TERORIA STEE: H.350,000,000.00

azy desuription of Banking and Exchange transacto:

rent and Fixed Deposit Accounts in local and for-

reneles opened, for clienta, -

Account and Safe Deposit Hoxas

and Aroaches, all over the world.

KAN TONG PO

to our

our shipbuilder to con for their entire foreign purchases struct and equip from forty the world over, they are bound to foBfty vessels of 4,000 adopt certain average credit fac tons each for the Rusalan timber tors for different commodities, trade, the total value of the order irrespective of the size of any par being approximately $1,500,000. The bills were to fall due over an order, so as to be able to balance their imports and exports average period of three years from and repay previous credits falling delivery; and although an agree due in each financial year Should ment has alace been reached for there happen to be inadvertently in marketing in England the whole of any one year an excess of imp the 1981 Russian timber shipment, and our shipbuilders have beef to decline the ord

by exp

·"credita

can

The high grade record of the being far surpassed by early de- 1929 wheat crop of Manitoba is

liveries of the 1930 yield, according to a report on the milling and bak- ing characteristics of the 1930 crop, issued by Dr. F. J. Birchard, themist in charge, and T. R Aliken, assistant chemist at the laboratory of the Board of Grain- Commissioners. The report men- tion the "very small percentage of whaat grading No. 3 Northern or lower," and adds that more than 70 per cent of the wheat to graded alther No. 1 hard or No. 1 date passing through Winnipeg

Brocky Family Goes to Germany

anadian Paciile Exprese men wäre hõsta to Patsy, Mabel, Charter and Sheerlz Brocky, of Badgerville, Subtarranes, who spent a week?? in Montreal recently before sailing to Europe,

The fout Broekies waited for Hamburg on board on the §8. Beaverford, October 31, and will wettle in Germany, where their children will probably be need to lather the faces of customers in Teutonia shaving emporiz...

:7yhä badges are good Canadians, raland in Alberta and consigned from. Edmonton. to: Gittelde-Hars Garmany, for breeding, © Ons and a half pounds of . 'steak twice a day,, et innoh and diquer, kmp them, alive, and happy, and i doubtless contributed to thelp enjoyment of the long journey on the Canadian,

· Pácide Railway- from Edmonton; to Montreal onge -Breakfast is now quite dédianed fu the best

badger circles.

*The above photograph: akowa: Palay rachiting the first installment of her; Janob halore badag taken.

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