THE
CHINA
MAIL.
****
#
8,000,000 4,000,000
1,000,000
2,697,000
Branchos, Agencies and Correspon- dents in the principal cities of the world.
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Dépikat m 630,200,000 Imad and Fully Paid-upon 329,305,000 Boscere Fundr!--
lingum £ 8,500,000 Bliver mom $16,000,000 Borsers. Glad fly at Proprietors on 199,200, 165
HEAD WPIOR: HONG KONG.
BOARD OF DIRECTORS
Bo. Mt. 0. G. D. Mackle. Chairman.
ton, Mr. J. I. Interson,
Deputy Chairman.
A. 5. Compton, Esq. J. A. Flammer,
B. Lander Lewis, Esq. T. K. B. Ghaw, May,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON. Paid-up Capital
CANTON CAWNFORE OEBI
COLOMBO
DAIREN (Dalby,
Boula Mashuria)
DELHI
HALPUGNO
THE HO HONG BANK, LTD.
(Batablished 1917.)
HEAD OFFICE:—SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.
Authorised Capital Straits $20,000,000 Issued Capital Paid-up Capital
B. Mistis, Var.
J. P. Warez, Mag-
Chiat Manager.
J. K. Oybura, Esq.
MANGKOR
BATAVIA
HOMBAT
-CALCUTTA
BANTON
CBE700 QILSIMDO
DAIREN
BOOCHOW
HAIPHONG
"HAMBUR
HANKOW
HARDIN
HONOKEW
ILOILO
IPOH
JOHORS
KOWLOON
BRANCHEN:
KUALA LUMPUR
LONDON
LYONS
MALADÓA
MANILA
MUAB (Johnra
KUKDEN
NEW YORK
PEIPING
PRNANO
BANGOON SAIGON
"HAN"PRANOIROS
SHANGHA
BINGAPORM
BOURABAYA
SUNORI PATANI
TIENTSIN
TOKIO
THINUTAU
YOKOHAMA
Every description of Banklag and Exchange business transacted.
Resorve Liabilities
£3,000,000
of Shareholders. Surplus
Reserve Fund
.24,000,000
Reserve Liability of Fro
prietara
$3,000,000
Agencies and. Branches:
ALON STAR
KUALA LUMPra
(Malay Biates)
KUCHING
AMBITSAR
BANGKOK
MADBAS
BATAVIA
MANILA
q.
BOMBAY CALGUITA
KEDAN
NEW YORK
PERING
Camant Amouetas opened in Joral Dareusay and Fland Deposits resized for ana par or shorter perioda in Leon Ourrency and Berlina a barn which will be quoted in appilantỉờn,
Hong Kong. Så February, 198).
HONG KONG SAVINGS BANK.
The Bustosas of the abara Bank is onduct
od by the 1ONG KUNO AND SUANG WAJ BANKING CORPORATION. Rules may, he abesized_on application.
FOR THE HONGKONG AND HILANGHAI BANKING DORPORATION,
V. M. GRAYBURN,
Chial Manager.
Hong Kong, 18th July, 1880. -
THE BANK OF CANTON, LTD. Established 1912.
Head Office: Hong Kong.
Authorised Capital (H.K. Currency) $11,000,000 Tal3-Up Capital
Bacarve Fund mas
BBANDES:-
1,665,300 1,100,000
Denton Bangkal, «Bankow, Svetom, Bangkok, Haw Tork and fan Framelsoo.
GOREESPONDENTI
LONDON BANKERH
The Lloyd's Back, Limited
In all principal diles of the World.
- Foreign" axolange and banking business of
wwwy description iransacted.
Safe Deposit Boxes (various siano) að a 2001ly
masal of from 8.
LOOK POONG SHAN,
Chief Manager,
THE BANK OF CHINA. 行銀國中
Subscribed Capital....$25,000,000.00
JAMBURGL
HANKOW
HARRIN
HỒNG KONG
ILOILO
*(U Manchuria)
ITOH
ДАПЛОПЕ
KLANO
KOPE
KUALA KANGSAR
(Perah.M.B.)
PENANU RANULON
BAIGON
SEMARANG
SEDEMDAN
HHANGKAI
BINGAPORE
SITIAWAN
BOURABAYA
TAYOY
TAIPING (F.M.)
TIENIGIN
TOXTO
TONUKAI (buka)
TBINGTAO
TOKOHAMA
ZAMBOANGA
(Philippine situde)
TAN ENG HOOL,
Manager.
BANQUE DE L'INDO-CHINE
HEAD OFFICE:
INTERESTS IN INDIA.
Commerce and Finance
Will Public Confidence Be Restored.
96, Boulevard Hausmann, Paris.News.
**
BRITISH TRADE IN FAR EAST.
Business Lost Through Delays in D.E.I.
The British public have more in-
The methods of the British manu- yesed capital in India than in any facturer seeking trade in the Far other country, states the Evening East have been much criticised of The actual amount of late. In many ways, it has been
however, capital invested,"
is pointed out, he is behind his com- petitors, and à greater liveliness is Subscribed Capital Frs. 72,600,000.00 variously estimated. Paid-Up Capital Fr. 68,400,000.00 Some authorities maintain that urged upon him if he would succeed Reserve Funds ....Frs.102,000,000.00 there is a total amount of as much in a field of enterprise which is full as £700,000,000 and that of this, of promise with the bottex times Government, other public loans, and which are approaching.
East Indies The Netherlands guaranteed railway debt represents
Review, organ of the British Cham- over £450,000,000
ap-ber of Commerce for that territory, points to the fact that, while 'Great Britain holds the world's records for mechanical speed on land and water and in the air, British manu- facturers certainly do not shine in what may be termed the speed with which they "get going" in oversens trade.
BRANCHES: Bangkok Hong Kong Quinhon Battambang IIue Saigon Cantho
Mengtzo Shanghal Nam-Dinh Sinzapore Djibouti Numea Thaaha Fort-Bayard Paprote Haiphong
Canton
Peking
Tientsin Taurano Hankow Pnom Penh Tinh
Pondichery Yunsanfu BANKERS:
Foreign Exchange and General Banking business transacted..
Current Accounts opened-and-Firanol ed Deposits received for 1 year or shorter periods at rates which will be quoted on application.
J. STUART,
Acting Manager. 'Hong Kong, 23th May, 1931. -
NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING BOCIETY)
BANKERS.
www.comm
Balaklaked 1894). Hong Kong Don:-21; Quran's Bood Orateul. Authorised Capital Builders 240,DOO,BON. Fald-Up Capital ............. Gulidaes 90,066,00
(20,000,170) kamere Fund norvausmas, Quliðara' 65.07,800 (46,804,443)
(10,000.)
Head Off-AMSTERDAM”. Eastern Hoed Bolse:-BATAVIA. BRANCHEA Bazājnervásin, Bantoeng. Bombay,
Daloutte, Charbon, Diamber. Diok jskaria", The Maque", Jeddah, Robe, Kota-Badja, Makassar, Medan, Padang Palembang Pekalongan, Penang PooManak Hangoon, Rotterdam", Балангаая",
Bibolg (Banten). Singapore, Boszubula Barabarta (Solo), Tugel, Tillajmp end. Waterradan
* Thane od55an kava safe deposit boxes to Coadoo Banker ---Nailótal Provincial Bank LAL Correspondanta ali over the world
Deaking businesa ni every description iransacted.
A. STDEKINE,
Bong Kong Ith Angui. 1980.
THE
IN FRANCE: Comptoir National Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bax: Credit Industrial et Commercial; So.
sace Generale.
IN LONDON: The National Provin na: & Union Bank of England, Ltd; Comptoir National d'Escompte de Paris; Credit Lyonnais.
-IN NEW YORK; J. P. Morgan a Co., French American Banking Cor poration; Guaranty Trust Co. of Now York.
interest allowed on Current Ae. counts and Fixed Deposits according to arrangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let
A. BONNAUD,
Hong Kong, 1st May, 1981..
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
I
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profits..U.S.$216,097,092
Branches in:-
ARGENTINE LONDON
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO
Miniger
BELGIUM BRAZIL
CHILE.
CHINA
COLOMBIA
CUBA
DOMINICAN
STRAITS
REPUBLIC
SETTLEMENTS
INDIA ITALY
URUGUAY
VENEZUELA
JAPAN
AMERICAN EXPRESS COMPANY,
INC.
Head Office: 65, Broadway. New York.
Reorganised October 20, 1928, under
Capital
.U.S.$6,000,000
special charter of The National Gov.:
Surplus
Reserves
‚U.S.$1,572,454 U..$1,908,209
ernment as su
INTERNATIONAL EXCHANGE
BRANCHES:-
“BANK"
Amsterdam
Gazon
Antworp
Glasgow
Paid-Up Capital
..$24,710,200.00
Reserve. Funds wi
..$8,820,508,82
HEAD OFFICE; SHANGHAL
Ahm
Barlin Barrika Baby Br
HONG KONG BRANCH:
4 Queen's Road Central,
Brusal Buns Airs
Osloalta
Colombo
Constantinopla
Copenhagen Elsburgh
Полны
Hayaca Hamburg HATTA Interlaken Jersonian Ládo Lowdon Liverpool
nacsen
Lgs.co Lesor Marmallisa Monte-Carla Manila Munich MOO -Man
Ni Suplan
·Plemons Parta Banang Paking
Commercial and Travellers' Letters!
There is outstanding an preciable amount of short-term ob- ligations, and this factor has been _having_a_considerable influence in 'depressing India sterling loan
values.
Within the next seven years there Is a total maturing of over £60,000, 000. Over two-thirds of this sum has been placed since the begin- ning of 1930.
Price Fluctuations.
MONDAY, AUGUST 17, 1931.
HANNAY RELEASED HOME SACRIFICES.
Scottish Silks Case.
ELEVEN IN CUSTODY.
cerned.--Reuter,
Plans for Financial ›
Emergency.
CONFIDENCE DESIRED,
London, Saturday.
Rugby, Saturday. The Crown has announced that Although the Cabinet Economy it does not intend to proceed with Committee adjourned on Thursday charges against Mr. Robert until Monday there has been no "Hannay in connection with the slackening in the preparation of the Scottish Amalgamated Silks case plans to deal with the financial in which eleven men are now con- emergency,
Members of the Committee on [Only on Thursday charges holiday in different parts of the against Mr. John Gardner were country are examining the Treasury also withdrawn. It will be rememoranda and other Departmental called that recently 13 reports on various proposals, under well-known North of England consideration, and the Chanceller of and West of Scotland business the Exchequer, Mr. Snowden, in men were arrested on charges of particular is being in close touch fraud and false pretences arising with the Treasury from his home out of investigations in connec- in Surrey.
The preliminary work involves tion with the affairs of the com- pany mentioned in the cable, exploration of the whole fleld of The amount involved was stated possible economy and a study of to be £438,000. Messrs. Gardner, the implications of the decision of Hannay and Strachie were re- the Cabinet Committee with which leased on bail of £2,000, while the the Opposition, tenders are under- octogenarian, James Sutherland, stood to be in full agreement-that owing to ill-health, was allowed the sacrifices necessary to secure a bail-in: £10,000.]
balanced Budget must bear equality," on every section of the community. Report to Full Cabinet.
METAL MARKETS.
Review in Mail Week.
By the time the Committee re- assembles on Monday afternoon it is hoped that proposals in some detail will be ready for considera- tion. The deliberations will con- Rudolf Wolff & Co., London, tinue on Tuesday and the report will be made to a full Cabinet meet- report on July 24:
Metals have all displayed weak-ing on Wednesday.
A Typical Case. Java is nearly 10,000 miles away from Great Britain, a factor which Will the Prime Minister's state- rendere quick action in regard to ment in Parliament. obviously in the making of trade connections tended to restore pubiic confidence all the more necessary, and speak- In India Government loans, and in ing from practical experience itness under the Influence of the de- The scheme approved by the the maintenance-of-the-rupee-at-18-states-that-British manufacturers Gd...have the desired effect?
lose business over and over again through avoidable delay.
Will it counteract the fear of Gandhism that has been frighten- ing investors away from India loans lately?
the
A typical case is where, in answer to a buyer's inquiry, a manufactur- er repiles (perhaps
after three
pressing conditions arising out of Cabinet will probably be the sub- the European financial situation, ject of discussions with Mr. Neville and prices are all lower as com Chamberlain for, the Conservatives pured with those ruling a week ago, and Sir Herbert Samuel for the The Bank of England Rate was Liberals, and if there is an indica-. raised yesterday from 21⁄2 per cent,, tion that the Opposition Parties are It was noticeable that although weeks) "we regret that owing to at which love! It had stood since prepared to give the proposals their Stock Exchange quotations for In-Mr. So and So's absence on his May 14, to 3% per cent.
general support Parliament will be dia Government loans were mark holidays we have not written soon- Tin has been caster, the price summoned probably next month.
+ Labourites to Meet. ed up sharply on the Prime er," or "our managing director Is showing a decline of £4.10.0 to Minister's statement, that should abroad but your letter, will be £4.15.0 since our last report. Sales: On Thursday, when there is a need arise the British placed before him upon his return.in the East during the week Joint meeting of the General Coun-- Government, would ask for author. Sometimes delays are increased amounted to 1,260 tona: shipments cil of the Trade Union Council and ity to give financial support to In by the manufacturer, finally con- thence for the first three weeks the Labour Executive, the Govern- dia, the best prices were not main-descending. to send incomplete in- were 4,789 tons, and for the month ment will have an opportunity of tained to the close.
formation to his Inquirer in the are still estimated at 6,500 tons. explaining the position to its own India 3% per cents, finished 4 Netherlands East Indies, with the Premiums on Straits and Banka followers.
It is generally desired that a points and the 2% per cent. 3 result that it extreme cases as Tin are quoted at £1.5.0 and £4.- points below the highest prices much as nine monthe go by before respectively. Business with con- atatement of the Government's in- touched during the day, which sug- the would-be buyer knows exactly sumera has been quiet both in this tentions should be made as soon as gests that some holders were not what the manufacturer can supply, country and on the Continent, na possible in order to give a basis for sufficiently favourably impressed the C.I.F. cost in guilden and the also in the U.S.A. buyers being confidence at Home and abroad, by the announcement to retain terms upon which he is prepared to content in view of the unsettled which is easily shaken by irrespon- their investments in the expectingit. Which; as the Review says, is outlook to provide for only their sible rumours. tion that publie.confidence would greatly to be deplored!
he restored and prices of India
stocks would continue' to recover.
The Last Loan.
It remains to be seen whether the
of Credit, Travellers Cheques, Bills public will be any more ready of Exchange and Cable Transfers now to buy India Government. bought and sold.
in present circumstances Current accounts loans
to
į
INDUSTRY NEEDS LESS RUBBER.
Restriction Efforts Condemned.
restriction.
."
BELL'S OF PERTH.
do
Full Publicity Desired. actual requirements. The weak-
The Manchester Guardian, refer ness can be wholly ascribed to the
the proposals under the depression arising out of the ring to strained financial situation on the consideration of the Government, Continent, which has occasioned Bays that if it is wise they will be some selling and liquidation, whilst given fall and early publicity. "A at the same time buyers have scheme that could be sald fairly to adopted a cautious attitude and involve a wide and not inequitable active support has suffered some spreading of sacrifice would and Savings Bank accounts opened than they were to subscribe to the and Fixed Deposits in local and for last India, Government loan, no
In all the circum more than relieve immediate fears ne to the budgetary eltuation. Its eign currencies taken at rates that
The Amsterdam correspondent of stances, less than 62 per cent. of which
fundamental conditions
national character would. provide may be ascertained on application was-left-with-the-underwriters, the Financial-Timea-states-that-the have been rather lost sight of, the the Bank
-the-best-assurance-to-foreignTM opinion." British Wireless. Service, We are also able to offer our Cus- and the price of which had stood at whole of the Dutch Press is against Incidence of supply and demand tomers the services of the Branches! a discount in the market. >
rubber restriction, cabled on July being overshadowed by the "finan- of the International Banking Corpora- The Prime Minister has repeat-27 the Straits Times London Cor-cial crisia, but apart from senti- tion in San Francisco and Spain and
ment it would seem that little, if also of The National City Bank of ed the Government's determination respondent. New York (France), 8.A., in Parli "not to allow a state of affairs to "It is held," states the correspon-any, material change has taken! and Nice,
arise which might jeopardise the dent referred to, "that the Euro-place, and were the general situa financial stability of the Govern- pean plantations must abide by the tion to settle down satisfactorily Perth, have spread far and wide. Manager.ment of India." His further state- consequences of the fact that the the market would undoubtedly re- Few true Scotsmen need to what the firm "stands for." ment as to applying to Parliament world, at present, needs less rubber cover.
to the history for authority to give financial up-than is being produced. It is un Options.-Double £14. Single £7. few notes follow as
of the house, Turnover for the week 3,175 tons.
Away back in the year 1825, there port to India is taken to mean that sound policy to remove these con- the British Government will, if sequences temporarily by tinkering Copper has been weak, the price necessary, lend money to the In measures which are sure to be total showing a decline of £1.13.9 for was established in the ancient city dian Government to maintain the ly ineffective and, consequently, the Cash and £1.8.9 for three months of Perth, Scotland, the foundations rupee exchange at la. 6d.
Dutch Press urges the Government since our last report. The weak of a whisky blending business E: part of Capital.
to give, at the earliest moment, iteness in this market also must be which, through the vicissitudes of Export of capital from India re-decision against the introduction of Ascribed to the depressing circum-century's existence, has stood the aulting from, fears of Gandhi and forced restriction."
stances arising out of the European test of competition and-time, and
Falerno Bottardan Bema Stamboul Glasshai sotho Singapore Bi. Morli Tientsin
F. McD. COURTNEY,
Hong Kong, June 18, 1931-'
Vienna
Venice
Yokohama Zarlok
Owing to our numerous branches in China and large connections in the im- portant commercial centres of
CIDATI the world, we are able to extend to our Branches of American Екргова clients special facilities for domestle Company in Principal cities of Unit-|
ad States of America and Canada.
and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Fund of the Chin- ese Government both at home and abroad.
SHOU J. CHEN,
All classes of Commercial Banking Transactions undertaken.
Personal investment
Manager, handled.,
Hong Kong, 5th March, 1931.
accounts
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, THE YOKOHAMA SPECIE BANK, in addition, the world-wide services
of its thoroughly equipped Travel De partment.
Affiliated with
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Eeserve Fund
.Yen 115,000,000
Head Office:-YOKOHAMA,
Branches and Agencies at:
Alexandria
Batavia
Berlin Bombay
Calcutta
Canto
Changchun
Nagasaki
Nagoya Newchwang
New York
!. Osaka
Paris Peiping
Dairen" (Dalny). Kangoon
Fengtis (Mukden) Rio de Janeiro.
Hamburg
San Francisco
Hankow
"Harbin
Han qu
Semarang Shangha
Chimono a
Honolu!**
Karack)
Tabe
London
Loa Angela
Manila
Singapore
Волгабада
Tientsin Tokyo Talogtan
Zatarent allowed on Current Ac
Deposita received, for fixed periode at ratai to be obtained on application.
Hong Kong, 6th July, 1981, GO
THE BANK OF TAIWAN, LTD. {TAIWAN GINKO.).
HEAD OFFICE:-Taipeh, ForINDSB,
Incorporated by Special Imperial Charter; 1899,
'Cantea! Bank in Formnes
Bank Notes Saeed Average mot... 45,000,000 JAPAN-Tek, Tophama, Koba, Cala FORMOSA 1-biran, Eng Karaho, Makong, Naoto, Basklin, Tada, Tal
Tamsul, Town, Helio, Talto. CHINA duanghal Eaubow, LOT+ Foockow,
Bwalow, Canton. OTHERS Bong, Bingsons, Boarby,
* BRANCHES AND AGENDIZAI
Boenbay. Barang, Batavia, London, New York, Dairsa, LONDON BANKEES
Calcula
"
r
The name and fame of Bell's of
ask
A
his programme has adveradly The rubber share market was situation, and prices have declined to-day occupies a leading position affected the rupee exchange and very slack indeed; but there was more by reason of the reserve die- in the trade at Home and abroad. concern has flourished under the necessitated drafts on the Indian but little selling in spite of the fall played on the part of buyers, for For more than half fis life the Government's sterling reserves in in the price of the commodity. the market has not been subjected aegis of the Bell family. Mr.. Britain.
The fact that efforts in favour of to selling pressure of particular A. K. Bell, along, with Mr. Alexan So far this year
rubber restriction are unlikely to importance, Returning confidence, der Thompson, is still actively £6,750,000 has been withdrawn.
Part of the proceeds of the sev be approved in official quarters in which no doubt at this present low engaged in directing its affairs. ural sterling loans which have been Great Britain was indicated by Dr. level of prices would stimulate de The firm that of Messrs. Arthur The London County Westminster and Faerie Bank raised by the Indian Government In Drummond Shiels, the Under-Secre- mand, depends entirely on how the Bell & Sons, Ltd.-remains one of The Bank has Coensspondents in the pledged the last twelve months has, it is tary of State for the Colonies, at generai situation may now develop. the largest blending and wholesale Dommernial Centres throughout the world, believed, also been employed in the the dinner of the Incorporated. So- Options.-Double £4.15.0. Single selling concerns outside the control
purchase of rupee exchange, which clety of Planters in
London. £2.10.0.
of the great Scotch whisky com- means, in effect, that while Bri. Dr. Shiels stated that be Turnover for the week 4,800 tons, bine. As the Company holds large tish investors have been invited to had no "Stevenson Plan" "in his Lead has been easier, the price stocks. in Government warehouses put money into India, people in In-pocket, and added that the fact showing a decline of 7/6d. for July and distilleries maturity is assur dia in close touch with affaire have that a large number of small pro- and 12/6d for October as compared. been getting their money out. ducera existed would make the ored with last Friday. This metal Mr. H. L. Andree, who arrived ganisation of any scheme very has remained very quiet, with here from London a few days ago,
THE CHASE NATIONAL BANK Resources...Ovar G$2,500,000,000
K. NAJUBA.
Manager.
C. EL BENSON, HONG KONG BRANCH:
28 Das Vorum Bond Casir General Manager. ↑ "Hong Kong 18k Jamary) 100.
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE:"
10, Des Voeux Road, Central. HONG KONG
Capital and Surplus
Total Resources
over H.$ 6,000,000.00 over H.$30,000,000.00
Every description of Banking and Exchange businens transacted: R
DUTY ON OILS.
in
A.P.C.
and U.S. Navy Philippines.
difficult...
little disposition to deal on either le foreign representative of the side: Conditions, normally govern company.
ing this market remain unchanged,
Imported from foreign countries was held at the law division of the customs house. After hearing the arguments of the counsel, for the Attorney Dacpane, chief of the Asiatic Petroleum Company,. con- law division of the Bureau of Cue-tractors, for the navy organisation, 15/ toms, has given Attorney Selph, Attorney Dacpano decided to ad- counsel for the Asiatic Petroleum journ the probe and gave tha Company, 16 days within which to protestants 15 days time to submit alow cause why his cllenta should their memorandum. not pay the customs duties on goods.
prices having declined under the little selling and liquidation. influence of the depression affect Sentiment has suffered some set. ing marketa: generally.**
back and the strengthening in- Options Double 21.10.0. Single fluence of the Cartel and resultant A curtailment of production has Turnover for the week 2,650 tons rather lost its effect. Moreover, Spelter has bean wosk, the price business with consumers has been. showing a decline of 15/- to 17/63. dull, and similar conditions have compared with our last report obtained on the Continent, where
Savings Account and Safe Deposit Boxes.
imported into the Philippine Islands navy protest is a test case. Should Fairly, steady conditions prevailed demand is reported to have been for the consumption of the naval the case reach the court and be for a time, but subsequently prices on a very reduced scale. The mar Branches and Agencies all over the world.ar
forces, says the Manila Tribune decided in favour of the custome! Bave way rather sharply, the market in America has been quiet and KAN TONG PO,
The hearing on the protest of the bureau, the Government will collect kot coming under the influence of the price there has remained un
the prevailing depression, in con- changed; OLUN navy authorities against the impost more than P300,000 in duffes from sequence of which buyers withdrew Trans Chief Manager..
Options Double £1,100. Single tion of customs duties on goods the navy, it was said.
and values declined in÷face of a 167, PYN Sa madalamalgama
Turnover for the week 3,550-tons.”
Current and Fixed Deposit Accounts in local and for- eign currencies opened for clients.
Mr. Dacpano declared that the