BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
60,0),000
Axorland Capital tested and Fully Paid-upon 30,000,000 Bear Funds:-
bering Eliver
$10,000,000
Kaamera Klability of Propriators some $80,000,000
HEAD OFFICE: HONG KONG.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.
Paid-up Capital Reserve Fund
Reserve Liability of Pro-
prietors
.£8,000,000 £4,000,000
.£3,000,000
Agencies and Branches:
ALOS STAR
ANBITHAR
KUCHING
UANDEDK
1. A. Plumraar. Zaq,
BOARD OF DIRECTORS-
Bon. Mi, 7, J, Paterson. Chairman.
T. E. Pears. "Zag.
W. K. 9,ủ, Esq.
Deputy Char.
.. Compton, Bag. * El. B. Bhaw, Eng.
Hon. Mr. O. G. 8. Mushio, J. P. Warm, Hay,
@. Muhiu, Z.
V. M. Gmybura, Esq.
Chini Macager.
BRANCHES :-
LONDON
LEGY
ANGKOR
LYONE
BATAVIA
MALACCA
BOKSAY
MANILA
CALCUTTA
MUAB (Schors
CANTON
MUKDEN
OBYFOO
NEW YORK
COLOMBO
PAIREN
POOOLLOW
HAMBUSO
ПАКВОТ
HARBIN
BAIPHONG
HONGKEW
ILOILO
ПОД
JUNORE
това
KOWLOON
COALA LUMPUR
PEIPINO
PENANG
RANGOON
BATOON
SAN FRANCISCO
BHANGHAI
SINGAPORE
BOURADYA
TIENTHIN
TORYO
TRINGTAO
BUNGE PATANI
YOKOHAMA
Current Acousta epened lo Sol Curputz and Find Depoelle calved for one you of skorte perioda In Loo! Currency and Alerting an terms which will be quetad on applicati Hong Kong, 27th February, 1932.
HONG KONG SAVINGS BANK.
The Business of the abova Bank le condunted
by BONG KONG AND SHANGHA! BANK. ING CORPORATION. ' can be obtained en application,
FOB THE MONOKUNG AND SHANGHAI BANKING CORPORATION.
V. M. ORATBURN,
Chist Manugu.
Hong Kong, 27 February, 2934.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:Hong Kong. Authoriend Capital (H.E. Carraun) ...01.000.000 B.665,000 ........... 1,100,000
Paid Up Capital
Kosarra Fund
BRANCHES:-
Canton, Stanghal, Kanker, Dwalow, Bangkok, New York and Gas Pric
LONDON BANKEES : —
The Lloyd's Bank, Limited, CORRESPONDENTS
la ali principal cition of the Worldı
Foreign Exchange and banking bastaaveet
every woriptide frazasobed.
Safe Deposit Toros (variona dose) at a yourly
restal of fom $40.
BATAVIA
BOMBAY
DALOUTTA
CANTON
CAWNPORE
CROU
COLONNO DAIREN
DELI
HAIPHONG HAMBURG
RANKOW
KARIIN
HONG HOẠT
IPOH
MADRAB
MANILA
NEDAN
NEW YORK
PERING (Poking
PENANO
RANGOON
TAIPING
TOKYO
THE HO HONG BANK, LTD,
(Established 1917.)
THE CHINA MAIL.
HEAD OFFIC. SINGAPORE. Hong Kong Branch: 13, Queen's Bd. C.
Authorized Capital Straits $20,000,000 Isaned Capital
8,000,000
Paid-up Capital
4,000,000
Reserve Liabilities
4,000,000
£,687,000
of Shareholderu
Surp)tha
Branchos, Agencies and Correspon- denta in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL,
Manager
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55. Wall Street, NEW YORK.
Capital, Surplus and
Undivided Profts U.S.$225,347,466.11
Branches in:-
SALOON
SKXARANG
SEREMBAN
SILANGHAI
SINOPORE
KITIAWAN
SOURADAYA
ILOILO
TIENTSIN
ARGENTINE
KARACHI
TONGKAH (Bhuket)
BELGIUM
KLANG
TSINOTAQ
BRAZIL
БОВЕ
YOKOHAMA
KUALA KANGSAR
ZAVRDA SOA
CHILE
KUALA LUMPUR
CHINA
Foreign Exchange
and
General L
COLOMBIA
CUBA
DOMINICAN
REPUBLIC
|
INDIA ITALY JAPAN
Banking business transacted.
Current Accounts spened and Fix-
ed Deposits received far one year or shorter periods at rates which will be quoted on application.
J. STUART,
Manager.
Hong Kong, August 17; 1981.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETY)
DANKERS
Established 19,
Hong Kone Oiew:-F1, Qawra's Bond Centra
Authorized Capital Paid-Up Capitali Reservs Fuad
... Guilders 180,000,000-
PERU
LONDON
MEXICO
PANAMA
PHILIPPINE
ISLANDS
STRAITS
VENEZUELA
Commerce and
Finance
FAILURE OF THE GOLD STANDARD
EFFECTS OF ABANDONMENT.
How A Managed Currency Could Maintain An Internal Price Level.
I.
น
THURSDAY,
MARCH 17,
1932.
HONG KONG STOCK EXCHANGE Opening Daily Official Quotations, March 17, 1932. NEXT SETTLEMENT DAY, TUESDAY, MARCH 22, 1933.
STOCK
Buy-Sell
Sales Nom. Fin.
er
GFA
Janr
Last dividend and when paid
Banke.
Hong Kong Bank........ (Lon. Reg.)...Lİ Chartered Bank. Mercantile Sk., AMB. £
C.
Bank of Asia
The Rt. Hon. R. McKenna pre- sperity of each one of us, and if it H. K. Fire In's......$ siding at the ordinary general is misdirected no one escapes the
Shipping,
that
...1950 Deo, interim #18 1260-an
Deo. Interima 24. M 1050 -
and $10 for 1999 - $32
Interim 63 A 3090)
1850 and bonus
1250 Dec. 1 making 55 for $50.
1465 Deo. {Final_43 nt 1/5)=#11-741
... [101]
making go for 19
***
18
Doo. p. 7. us to 15Tnx afe
Feb. 9o, 39 Sep. 21, 31
20
Doc. Int. 7% No 1951 los 17Tax
Sop, 8, 3
133
Des. $ for 1433.00
Pending
Insurances,
Pin.bon, $10 for 194P,
Canton Int. Union Ins.
May 19, 3
... 445
Final 16 for 1929)
May 59, 31
China Underwriters...$
10 Doo. Nane
(Final bonus $51
China Fire In. .......$
***
690
Deo.
May 19, di
Peading
Deo.
stiklend for i
23
Deo.
45
132
Doo. La ridoad for 398ST THED THE
$1-60 forfi Nons for 1000..... Mar. 6, 3+ 1 of 24 on preferred|| Juso 19, #9
for 1924 1925
ww
48/9 Dec. 1 free Tax afc 1930
20
Dec.
1-50 for 1134
Mar. 31, B1
F
|
Deo.
Fourth it, centavovalcius:
Den is, 01
00- Inna
£21% Free Tax Upon 39) for year 205-85oemana
Deo,- 32
Oot. T. 9.50 for year 31-10-29
May 8, 10
10 Dec. Mons
Loins........
22
Deo. (Pian) 2, R45
Raube ......
189
Mar. Sex Int. 2-aft year 21-552 mon
Mar. 15, ME
Venczucia Gold Fields $
-
-
Micing. the best Benguets.
meeting of shareholders of the consequences. With falling prices | Midland Bank Ltd., on January 29, the rich become the prey of the tax Douglase................$
collector; industrialists and H. K. Steamboats ... sald, inter alia:--
There can
be no question that traders see their profits dwindle to fado-Chion (Pref.) ...$ Britain's breakaway from the nothing; and salariéd officials and
" (Def.)... Gold Standard was the outstanding wage-earners not only suffer Shells Bearer ........../. financial event of 1931. For up economy cuts, but a very large Union Waterboat ...$ wards of six years oar monetary au- number are deprived of the oppor PORTO RICO
thorities fought a losing battle on tunity of earning a living at all. SETTLEMENTS ill-chosen ground.
is 48 ever Looking back Adversity URUGUAY
Unpleasant facts Kailan Mining Ad, ef- upon the longdrawn struggle we schoolmaster. read a story of great and increas- are at length bringing home to Langkats (Single) .......Th. Commercial and Travellers' Lotters ing sacrifice for a mistaken ideal. everyone the close connection be-s'hui Exploration...Th. of Credits, Travellers' Cheques, Bills Happily the actual consequence of tween monetary developments and of Exchange and Cable Transfers our abandoning gold have belled our own individual welfare.
Current accounts the terrible alarms expressed be- bought and sold.
How The System Worked. Savings Bank accounts opened and
fore the event. They have proved The world has now got so far as and Fixed Deposits in local and for-
taken at rates that to be groundless, and indeed would to admit eign currencies
the long-continued Docks, Wharves, may be ascertained on application to never have been entertained had depression and universal economic Godowns, &c. the Bank.
there been Any general under- unsettlement are due in part at H. K. & K, Wharves..$ We are also able to offer our Cus tomers the services of the Branches standing of monetary problems least to the inefficient working of H. K. & W. Dock...
machinery. The South Ch. Motors (A)$ of the International Banking Cor- and their relation to trade and emite monetary
time has gone by for the child-like China Providenta (old)' 4.00 poration in Spain and also of The ployment. National City Bank of New York! Unfortunately, most people have belief that as long as a country is
(new) $ 2.80 (France), 9.A., in Paris and Nice.
been content to regard these pro- on the Gold Standard all is well. Hongkews......Th. blema 'as exclusively the businesa Harsh experience has shaken this N. Engineering,”.....Tk. of money market experts. They faith rudely; we have found that Shanghai Docks .......Tb. are wrong, however, in thinking returning to the Gold Standard did them to be no concern of theirs. not, in fact, bring prosperity, and Buildings,
& powerful going off it did not entail ruin. So H.K. & S. His. (old)$ 18.00 THE BANK OF TAIWAN, LTD. Monetary policy has
and direct influence
pro- far from ruis, indeed, our present
(new 13.60 trade conditions are distinctly fm-H.K. Lands ....................3 [74 proved, and we are getting on at Shanghai Landı ...Th. Igast as well without the Gold Humphreys $ Standard as with it.
H. K. Realties ......$ 9.00 No one can regard it as a light Chinese Estate matter that stubborn facts like theac should undermine confidence Cotton Mills, in .a monetary atandard hitherto Ewo Cottoas....T accepted as an Indisputable article
Guildses 90,000,000. Guilder 40,014,000-
R. M. MCLAY,
Manager. Hong Kong, March 1, 1932.
Head Ofo:-AMSTERDAM”.
Eastern Hond DS:-BATAVIA.
Brobert-Bandjarmasin, Bandong", Bombay, Charlbon, Djumber, Dink- Calcutta. Jakarta, The Hagur". Jiddah, Hobs, Mukamar Madan Pulambang, Palla Looga, Tenang, Bangoon, Böfterdam*, Bearing, Shanghai, Singapore, Boses bala, Boerakarta (Bolo), Tagi). Tilaljap and Welterradas”.
• Those offices bara Sala Depoels Bouss to Lat.
LONDON BANKERS --
NATIONAL PROVINCIAL BANK LTD.
Correspondante all over the world. Banking Bal Dam of vry description transced.
A. STOKKINE,
t LOOK POONG SHAN,
Heat Load, lat Drowaber, 1981,
THE
Manager.
Chief Manager. AMERICAN EXPRESS COMPANY.
Liverpool
Pairing Palarıv Rotterdatu Roza Hardboul
Shanghai Southampton Blogapor 81. Arlin Plotelo
Иван
Venice
Takeh
Zurich
{TAIWAN GINKO,)
HEAD OFFICE:-Taipeh, Formous.
Incorporated by Special Imperial Charter, 1899,
Central Back Su Formosa,
Bank-Nales haued Average emoval ...You, 45,965,000 BRANCHES AND AGENCIES: JAPAN --Teyko, Yokohama, Kobe, Osaka, YORNOBA:-O
Xagi, Karenko Eeelans.
Mekong, Naoto, Brachio, Tulubu, Teloss, Takao, Tamaul, Toon, Hello, Talla. OHIKA-Ekangal, Hankow, amoy. Puosby
Swator, Cintos. OTHERS-Ho Leeg, Bing-pos, Barabas, Bematog, Batavis, Bombay, London, Now York, Bairen.
LONDON BANKERS: Barclays Bank, Ltd., Llarde Back, Ltd., Midland Bank, Ltd., Westminster Ilank, Ltd.
www.
The Bank has Correspondents in at the principal Commercial Centres chinughout the world. E. NAGURA,
on the
EXCHANGES.
TO-DAY'S QUOTATIONS.
On London Bank, wire Bank, on demand ...1/3. Bank, 4 months' sight 1/4 Credits, 4 months'
sight
Documentary, months' sight
1/3
("
Lands, Hotels &
03
......195
of faith. For centuries gold has Shanghai Coton...Th. stood as the symbol of solid, sub- Zoong Sings....T.|
Public Utilities.
Pinst the Coupon No. 681 July 6, 1
mskirk T. 3.80) for 1930. Fob. 6, Di
141 Dea
for 18
tuzem
Mar. 10, 39
Deo. Laat diristend! for 193
10
Dea. {' cents on e) for 12t. Pending
290
Deo. Interim T. 31/ 193)
Oct 2
Dev. T. Es for 183
Mar. 8, 19
+
20 Apr.
for your 10-1-31
July 29, 81
+3.
174
Deo.
Deo.
*A
18
+1
K. Tramways ...$20.50 Peak Trams (old) ...$
(new)...
...........$ 591
**
+
stantial wealth, and has been Д serviceable standard of value. As trade and commerce developed, and with them the banking system and credit, the Gold Standard was adapted, though somewhat slowly star Ferries and incompletely, to the new conYaumati Perries.......$ ditiona. Critics there have long China Light (oid)...$20.10 been who recognised both the
(new) $ 19.90 patent and latent Imperfections of H. K. Electrics ......$TB an insufficiently controlled metallic Macao J standard; but no one paid much Sandakan Lights ....$ attention to them for the very good H.K. Teh, fully paid $
part paid $21 reason that down to the war the Ching Buses .........Th. Gold Standard worked tolerably S'poreTractions(Ord.)s/- well. True, it by no means suc-
(Pref.)/ ceeded in maintaining a stable įvalue of money measured in what
·
Industrials.
"
the money will buy, but there was Malabo Sugars ......$ certainly never euch cataclysmic Cald: Macg. Ord....Th. instability as we have seen in the last two years.
Clearly, the Gold Standard has not worked as it did
in pre-war times, and the question arises: What has gone wrong with its post-war operation?
Canton Ice ... Cement (cam.)
*-*
Deo. Beta(all)icts.(new)for 1931: Mar.18, 82
Final making for 1931,
Feb. 16, 8% Final T/-0.50 boba 7-0,801 Pending and T. 8.75 for 11
ISL in old
1
Dec. 10 capta on how for 1952 Feb. 29, 89 Deo. Fin. 30 eta.mak, 8)dis, for 1981 Mar, 9, 33 Feb. Interim i nju yen: 29-092............ Jan. 30, 42
..
Deo. [Apr.
7.1.80 for (A)............
...and T. for half year 81-10-31
11 Jaze T. 0-83 for yen: 30-0-81 mon
25.60
-
99
Pending
Doa Bi
Oct. 8, 11
Doc. Final dicts, making 1 for 1931 Feb. 11, 82
100 cla, on old for year
Apr. 1oots on a 0-4-51) June 15, 31
l'ec.65 for 1837 on more wanting with age tw
Pea. 1.60 for 1950 .......
Fab. 13,89 June 18, 1
Deo, 81, 81
Pending
144
Sept. 50 eta for year 21-0-51.
***
Dec. 60 for t
Deo.
June Noos
ཙྪོ:༴།ཨྰཿཕྲུག སྒཎྜཾ །ཏྟཱ་ཏྟཱ ཎྜ
Deo, T. 0.00 for 192
Doo. Halc% making to% for 1981 Mar. 9, 32
(124) on preference stare
14/- Sept. Subject to income tax.
Dec. Ps. 4.30 for 1230.........................
***
10)
Doc. (30) For 1930
Jaly
Feb. 15, 35 Feb. 5, 31
Mar. 6, 01 Mar..!
•
*****Ook. 9, 91
pants for year 31-7-31
{45 cala on all
Deco renta ou now? for 1901 - Pending
$5 cents (ur 1931. Bending
**
Un Paris-
On demand
1/5 % 4
1/5 4
610
INC.
redita. sight
4
months'
665
THE BANK OF CHINA. 行跟國中
On Berlin-
Head Office:-65, Broadway, New York.
Maneger,
On demand
Nom
KONO KONO BRANCH:
A Des Van Road Central. Hong Kurg, December 24, 1931.
On New York-
On demand
24
Reorganisert October 26, 1929, under
Capital
special charter of The National Gov-
Surplus
.U.S.$6,000,000 ‚U.S.11,578,454
Credits, 60 days" sight 25%
On Bombay.t
arament as an
Reserves
.U.S.$1,908,209
Wire
87%
INTERNATIONAL EXCHANGE
On demand
874
BANK.
BRANCHES-----
On Calcutta-
Wire
Subscribed Capital
$25,000,000.00
Paid-Up Capital
$24,710,200.00
Beserve Fauds
.$ 8,320,508,82
Beele
Amaterdien Antwerp Alkane
Berlia
Blacrity
Glengow Iavaza Hamburg Havre Interlaken
Blon Naples
On demand
Firacus
Facin
On Singapore-~~~
PIZADE
On demand
HEAD OFFICE: SHANGHAI
Ростовая
Bew
Bramale
Jorunlar Eida London
On Manila-
On demand
HONG KONG BRANCH:
Buenos Aires
On Shanghai-
Cairo
Encore
On demand
Lugano
$12.00
Dollar
On Yokohama—-—---
On demand
Sovereigns (Bank's
buying rate)
Silver (per oz.)
accounts
Batavia
Berlin
Bombay
Calcutta
Canton
Changchun
Dairen (Dalny)
Hamburg
Hankow
Pangtien (Mukden) Rio de Janeiro
Harbin
Hồng Kông Honolulu Kat-Yuen Karachi
Kobe...
Shimono soi
New York Oaks
THE BANK
Parla
Peiping
Rangoon
San Francisco
Beattie
Semarang
Prague Helsingfore
Madrid
Lisbon
Capital anil Surplus Total Resources
over H.$8,000,000.00-
aver £1.830,000,000.00 |
London
Los Angeles
Manila
Rapore
Bydney
Tientsin
Athens
Bucharest
Rio d
Buenos Aires
Montevideo
Shanghelsinki
Yokohama... :1/9 Y
4. Queen's Road Central,
Owing to our numerous branches in China and large connections in the important commercial centres of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin
are Government both at home and abroad.
Gakulta Cannes
Kuzor Columbo
Naroville Destanloople Monte Carin
Milso
Copenhagen Manila Ediaburgh Munich TIZERDE
Kontrole Gunay
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
SHOU J. CHEN,
All classes of Commercial Banking Manager. Transactions undertaken.
Hong Kong, 5th March, 1981.
THE YOKOHAMA SPECIE BANK, LIMITED,
Established 1880.
Capital (fully paid-up) Yen 100,000,000
Reserve Fund
Yen 117,800,000
Head Office: YOKOHAMA.
Branches and Agencies at:
Alexandria
Nagasaki
Nagoya
Newchwang
Tokyo Talagtan Interest allowed on Current “Asi
Deposita received for fixed perfode at rates to be obtained on application.
H. MORL Hong Kong, 11th March, 1982.
Personal investment handled.
FOR SALE.
Stanley Gibbon's
Postage Stamps
Catalogues
for 1932
Whole World British Empire... Foreign Countries
.$ 5.25
.....$ 8.00
GRACA & CO., Dealers in Postage Stampa, Garden Seeds, Picture Books, Toys, etc., etc.
Bar Silver in Hong
Kong Copper Cash Copper. Cents ...... 1% prem. Bate of Native In
tarest
82% p.a. Chinesa Sub. Coin .. 29%% dis. — Hong Kong Bub. Coln Par.
No. 10, WYNDHAM STREET, P.O. Box No. 620. HONG KONG
The Company offers to intending
Cheques" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel. Department.
Travellers the use of its "Travellers QUALITY PRINTING
E. W. DUGGAN,
Manager.
with Quick Service
THE NEWSPAPER ENTERPRISE LTD. ERINA MAIL BLDG. * RA WYKINKAN UT.
OF EAST ASIA, LTD.
· Estabilskeri · 1918,
HEAD OFFICE:
10, Des Voeux Road, Central.
BONG KONG
Every description of Banking and Exchange business transacted.
· Current and Fixed Deposi-Assaunti in local and for-
sign currencies opened for ellentesende land
Savings Account and Safe Deposit Boxes. Branches and · Agencfor:alflora: the world
KAN TONG PO,
Chief Managar,
LONDON EXCHANGES
Faris.. New York Montreal
Brussels Geneva Amsterdami Milan Berlin Stockholm Copenhagen Oslo Vienna.
·Bombay::::
Hong Kong và 1/4.5 18
C. Entertainmenti (Old)$
S. C. Enterprises ...$
Macao "Greybounda""$
Simple but adequate measures Constructions (Old) $5.20 were, however, adopted by the Bank
of England. If gold was coming, lad. G. Bonds...$
to London in excess of our cur· | H.K. Govt. Loans ....54% (ren.
rency requirements the rate of
interest was lowered, and foreign-
Mar. 20
nate an old for the... Pending Dec. [lij contron www)
Interest half yearly...
1
were encouraged to borrow manently or under the influence of that this should happen, but be from us. If, on the other hand, pànic, to hoard currency, the Bank cause of unfavourable paycholo- In these cir- through excessive lending abroad, of England, which was bound to gleal conditione,
too much gold was being taken the retain gold pound for pound cumstances the Bank of England.. rate for money was raised; foreign against notes in excess of the would have anticipated the more or borrowing was.. thereby discour fiduciary issue, would have been less involuntary experience of the aged, and the favourable balance forced to keep an increasing, stock; central banks of America and of payment rapidly replenished and the rest of the world would France accumulating vast.
in
our gold stock. Thus the surplus have been deprived of the indis- stocks of bullion, and the rest of on current international account pensable, base of credit and curtha world would have been as
starved of gold as it is to-day. was used according to the needs of rancy.
the time to reinforce our gold re- Again, it was necessary that the If must be manifest to anyone serves or to provide accommodation British public should have the who considers the subject that no can remain for debtor countries to develop disposition to lend, so that, when metallic standard their economic resources,
the Bank rate was low, cheap operative if the great creditor na money would encourage the for- tions act in such a way as to create igner to borrow our surplus from a corner in the metal. If they do - For many years before the war ready lenders... Had we been a not re-lend the surplus on their 1/10 1/16
this system was in regular opera-hoarding nation, or had we been balance of International payments, tion. It will be noted that the imbued with 4 spirit of financial gold, the only ultimate medium-of- prychological conditions were es-isolation, the Gold Standard would payment, mitat: flows into their nential for its success. In the have poured into the vauliavaults in a continuous stream. first place, if it had been the nor the Bank of England and The debtor countries, unable to
(Continued on Page 8.) **British Wireless Servies tional disposition, either
Silver Spots 18%
Silver Forward 18
Lisbon
15.25
per-
remained there, not from any wish,
8754
87%
57%
Pref....Th.
.... 48
18.15
18.90...
74
##
2% dis.
H.
" (old) (new) R. Ropes .....$ China Agriculture..............!
Deo,
*
7332
It is to be regretted that the in- dispensable conditions for operat
Stories, 8cc. Dairy Farm
1281
Dea. @1.75 los 1031
1/4
ing the Gold Standard successfully WatsonI
[15]
18
Nom. Nom.
have never been defined, nor ap Der A Wing: $ parently even consciously re Lane Crawfords (old)...$10 cognised. At the time when i
***
Oct. 75 certa for gear 51-10-M............. Mar. 16, B1
Fab. Last ridend for your 1⁄2-1⁄2-20
(now)$
was working more or less smoothly Mackintosha London was the only great free Sinceres fre gold market. A very considerable | Wm. Powella ........$ surplus was due to this country on current international account, and this, if no steps had been taken to H.K. Amusements...$24 avert the natural consequence,
****** (New) $ would have been settled largely by imports of gold.
الم
Miscellaneous.
D
19
Feb. 2 for your 28-23).
Apr. 80, 8)
14.70 8.30 Feb,
90cente or year 2525)
June 17,81
Mar.) $2.50 for year 81-3-31
---
Sept. 30, 51
... 15 ... [18]
L
MI
Ark
Rugby, Yesterday.
92 1/16 8.622 4.08 25.972 18.75 8.97% 70- 15.2214
(New) ...$ 1.80
"
1.85
1883%
4.
ers
∙18
18.15
184
82 Nom.
12234
217%
*47%
1094
290
60714
4 1/16
88442
80% nom.
Essential Conditions.
1/8 5/32