BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Kuikerined Capital

$30,000.000

Iassed and Fulig Kaldop - 30,000,00 Boserve Funda tem

Berling

£8,800,000

Bil.... $10,000.no

Moserva Liability of Proprietors $30,000,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS :um

T. I. Pro, Eng. Chairman,

TH. B. Shaw, Eaq.

Depszy Chairman.

W. I. Bell, Exy.

Elon. Mr. J. J. Paterson.

A. H. Compla, Esq.

J. A. Mummar Eas

Boa. Mr. C,(1.8. Mückle, 1. P. Wazeen, Esq.

G. Mlakin, Lag

F. M. anyburn, Lig

Chief Manager.

BRANCHES :-

LONDON

AMOT

MANOKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON OLENIO COLOMBO

LTOKA

MALACCA

MANILA

MUAR (Jokowi)

MUKDEN

NEW YORK

PEIPING

PENANG

RANGOON

THE CHARTERED BANK, OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON,

Paid-up Capital

£3,000,000

£3,000,000

Reserve Fand

Reserve Liability of Pro

prietors

£3,000,000

Agencies and Branches:

ALOR STAX

AMBITRAR BANOROE BATAVIA BOMBAY

CALCUTTA

CANTON

CAWNFOBE

CRBU

COLOMBO

DELOI

HALPHONG

BAMBUNG

HANKOW

HAROJN

BONG KONO

ILOILO

IPOK

KARACHI

DAIREN POOCHOW

KLANO

BOOK

HAIPHONG

FAIGON

KUALA LUMPUR

HAMDUBO

SAX FRANCI600

HANKOW

HARDIN BONKEW ILOILO

IPOJI

ЈОВОДЕ

KORK

KOTLOOK

KUALA LUMPUR

SHANGRAI

SINGAPORE

BOURABAYA

RUNOKI PATAN TIENTSIN

TOKYO

TSINGTAO TOKORAMA

Current Acroute spened in Local Currency and Fixed Deposite relvad for one your or borter periods in Ional Currency and Burling on form which will be quoted on application. Hong Kong, 25th February, 1933.

HONG KONG SAVINGS BANK.

Pka Megimens of sie abute Bank je omaksund By the BONG KONG AND SHANGHAI HÀNK. IRG CORPORATION. Rem may be absoland

FOR THE NONGLONG AND SHANGBAT

•PEIXE CORPORATION.

V. M. GRAYBORN,

Chiel Manger

Hong Kong, 25th February, 1933.

OVERSEA-CHINESE BANKING. CORPORATION, LTD.

(Incorporated in the Straits Settlement)

SUCCESSORS TO

The Ho Hong Bank, Ltd.

The Chinese Commercial Bank, Ltd.) The Oversea-Chinese Bank," "Ltd.”~~

Bead Office:-Singapore.

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

Authorised Capital:-

Straits $40,000,000,00.

Paid-up Capital:

Stralte $10,000,000.00.

Branches and Agencies in the princl- cipal cities of the world.

Every description of Banking and) Exchange business transacted.

Chus Keh Bui

Manager.

KUCHING

MADRAS

MANILA

MEDAN

NEW YORK

PEITING (Paking!

NEKAKO

BANGOON

BAIGON

SEMARANG

BEREMBAN

SHANGHAI

SINGAPORE

LITIAWAN

KOURABAYA

TAIPING

TIEXTRIN

TONOKAR (Bbukoš)

TEINGRAÐ

YOKOHAMA ZAMBOANGA

and

THE CHINA MAIL.”“

Commerce and Finance

HONG KONG ROPE COY.

Dividend of 50 Cents.

The following is the report of {the Directors of the Hong Kong {Rope Manufacturing Co. Ltd., for presentation to shareholders at

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday. Dow Jones Averages

Last To-day's Changes Aver. Aver.

50,00

the forty-ninth ordinary general 30 Industrials 60.56 meeting to be held at the offices of 20 Rails

11 a.m.:

The on

ended 31st December, 1932. Balance at Credit of Proût Loss Account, for the year ended 31st December, 1932, is $117.417.04 General which, with $70,000.00 brought for- Current Accounts opened and Fix-ward from the previous year, makes ed Deposits received for one year or total of $187,417.04 available for shorter periods at rates which will be appropriation. quoted on application.

Foreign Exchange

Banking business transactod,

A. BREARLEY,

Manager.

Hong Kong, 17th November, 1932.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formoss.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa,

.66 down

29.12 .03 up ***..28.09

76.48 .20 up

Air Reduction Allied Chemical & American Can American Tel. & Tel. American Tob. "E" .. 01% Anaconda Copper Mining 756

the Auburn

755 BRITISHERS IN COLOGNE.

4 Per Cent. Of Foreign Population.

MANY EX-SOLDIER SETTLERS.

Cologne.

There are now 755 British subjects living in Cologne. They form 4.1 per cent of the city's total foreign population.

Two-thirds of them are wives and children.

Many of the British residents are ex-soldiers who

TUESDAY, MARCH 21, 1933.

Disappointing Year For Watson & Co.

No Dividend To Be Paid For 1932

!

EFFECTS

+

OF WORLD – WIDE DEPRESSION

were mem. The proposal of the Directors of of bottles, cases and crates which

to and

the Company, St. George's Build-20 Dtilities 23.40 22.78 02 down bers of the British Army of Oc- Messrs. A. S. Watson & Company represent a considerable amount. ing, on Wednesday, March 29, at 40 Bonds... 76.28

Messrs. E. A. Pierce & Co. Re.cupation and who married and Ltd., to pay no dividend was car" tomers, their debit in respect there- On deliveries being made to cus- The Directors have now to sub-pert:-The general tone of the settled down in the city.

ried at the General Meeting. A card index of all foreigners In reading his report on the of "sundry debtors"-during the mit to Shareholders a Report and market is quiet and uncertain.

jot, considerably increases the item Statement of Accounts for the year Pressure seems to be developing has just been compiled by the

Utilities. Business done: Municipal Statistical Office. It is the Chairman, Mr. John D. Hum-etc. being returned to factories, year's workings of the Company, winter or slack season, on bottles 780,000 shares. and

in addition to the usual police re-p Last Te-day's cord.

phreys, said that in comparison withthey automatically ravert Price Price The index reveals that the the previous year, the report was sundry debtors" account is cor-

"stocks in trade" account, 60% 60% Dye 34% foreign population has increased disappointing. In addition to the respondingly reduced. A consider- from 12,980 in 1925, when the world-wide depression which had able reduction in that respect has 00

last census was taken, to 18,410 affected them seriously, they had occurred since the closing of our at the end of last month. Aus- been faced last year with the cho-annual accounts. I would mention trians head the index with 4,812. lera epidemic, which had adversely incidentally that for the previous Russian residents have mark-affected their mineral water sales. ten years the Company's direct ex- edly increased since 1925. that year there were only 218.

The Chairman said: "I regret 000,000, and in respect of that large port business totalled about $2,- Now they number 814.-Reuter. that I now come before you with an sum not one cent was recorded as account that, in comparison with the previous year's report, must be con-

a bad debt. sidered disappointing; I feel this es- pecially, as this is the last occasion As regards the liabilities side of that I shall preside at the annual the account, it will be noticed that meeting of the Company.

"local and general liabilities in the "Before reviewing the accounts East and London" show a decrease now presented to you, I would like of $63,342; bills payable, amount to remark that this Company's busi- outstanding, decreased by neas operations are spread over a $10,960, and "security deposita" by wide field, its expansion having been $12,070, totalling $86,372.

The additions to assets, and the

$187,417.04 General Motors

4101

83

102%

G9

101

61/4

7

The Directors recommend following distribution:

38

37

Borden Co.

50

To pay a Dividend of cente per share. absorbing

To carry forward to credit of next year's account

Canadian Pacific

2324

Chrysler Motors

Consolidated Gas of N.Y. 49%

.0100,000.00

Drugs, Inc.

Du Pont de Nemours

36 39%

47 344

30

Eastman Kodak

40

50%

87,417,04

Electric Bond & Share

16%

14%

General Electric.. General Foods

144

14

2014

2614

TRADE IMPROVED

13

Gillette Safety

16

10

IN ENGLAND

Int. Harvester

SHARE MARKET.

The official summary Stock Exchange issued at 3.30 p.m.:-

Int

23

23*

Harvester (Pret.)

88+

87347

Int. Tel, & Tel

7

074

of the gett & Myers ""

Inc. yesterday

Ward Montgomery National Biscuit

584

12%

12

1274

Export Business Is Expanding.

13%

13%

30%

39

24

23%

18%

18%

Foocha,

and featureless. Rates, however, Radin Corp. remained

Sears Roebuck practically unchanged Standard Oil Co. of

10% N.J. 25% Socony-Vacuuni Corp. 6% Union Carbide & Carbon 24% Union Paciße United States Steel 30% Westinghouse E. & M. 25%

ex dividend. †bid.

4

4%

26

24

78

30%

EXCHANGES.

Bank Note ineund Average amount ...Yaʊ. €8,000,000 BRANCHES AND AGENCIES:

(JAPAN :—Tokyo, Yokohama, Eube, Owaka.

FORMOSA :-Dime. Kagt, Karako, Klubs,

With the exception of hand-to-Pacifle GRB & Electric

Makong Note Shroobiku. Talcha, Teloso, mouth trading, the day was dull Pennsylvania Railway

Takso, Tamaul Joe, Hello, fello CHINA 1--Öbangħat, Hankow, Amey,

Swalow, Cantor.

Kong. Singapore Hoorsbeya,

OTHERS:-

Ramarang, Balaria, Bombay, London. Nand fairly steady.

Tork, DaDON HANKERS,

Blays Bank. Ltd.. Dopdy leak, 11. Midland Bank, fad. Wanzinster Bank, LAG.

The Dauh tum Carrayondante in all the prispel Commercial Centres throughout the world. K. NAGURA,

Иове HONG KONG BRANCH :

De Vous Road Central, Bongong, December 24, JUSI.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(KRTHERLANDS TRADING AGCIETY:

BANIERA.

Established that

lang Kong Ufos :-31, Queen's Road Central,

Sales.

Hong Kong Banks: $1,685. Union Insurances: $520/525. Hong Kong Trams: $21. China Lights (Old): $12.40/12.45. Dairy Farms: $27.15

Buyers.

Hong Kong Banks: $1,675. Canton Insurances: $1,350. ILK.Steamboats:-$22.

Benguet Explorations: 21 cents. Providents (Old): $4. Providents (New), $1.40. Chinese Estates: $95. Shanghai Cottona: Tis. 69. Star Ferrics: 291.

China Lights (New): $9%. H.K. Electrics: $72.

Macao Electrics: $242. Telephones (New): $27.

Authorized Capital .....f. 150,000,000| Cements (Combined): 36.70. Paid-Up Capital Roserver

1. 80,030,000 Cements (Old): 85%.

.f. 20,016,000 B. Ind. G. $ Bonds: 6420-

H.K. Govt. Loans: 44% Prem.

Sellers.

Head Office -AMSTERDAM*.

Zaciera Blood G-BATAVIA

THE BANK OF CANTON, LTD. Brenn: Banjarmasin

Established 1912.

Head Ofce-Hong Kong.

Kakkorland Captial (1,L. Curranty) ... $11,000,000 Fold-Up Ospita

Barvi Pund

6,663,000 1.700.000

Canton, busoghal, Hanhow, Bangkok,

and San Fra

BRANCHLES (

LONDON BANKERU (~~

The Lloyd's Banka Kaulted,

CORRESPONDENTS

In all principal milion of the World.

Foreign Exchange and banking buslanma di

mory descripting Uranuseląd.

dale Deposit Boxse (razioua dixon) si a poorly

omni of frown $ 16 $40.

LOOK POONG SEAN,

Raubs: $102.

Bandoung*,

Djember.

Bombay,

Da

Calcutta, Charl boo

Shanghai Decks: Tls. 061⁄2- karte The Hagos Siddah. Rob Hotels (Old): $7.65. Malans, Medas, Palembang. Poka

Longs, Penang Hangoon, Rotterdam". (China Lights (Old): $12.40. Semarang, Shanghal, Bingapore, Bours Malabon Sugars: $15. lala, boemskarta (Solo), Tegu TDating and Wellærreden”,

* Theme allows bare Bals Deposit Bees to Let

LONDON BANKERS.-

NATIONAL PROVINCIAL BANK LID.

Corpondania all over the world. Banking Bust tom of aviez desetption transacted.

A. STOKEINE,

Watsons: $11.

United Theatres: Tls. 5.

THE BANK OF EAST ASIA, LTD.

TO-DAY'S QUOTATIONS.

On London---

In

Sir Harry Me Gowan, President most marked during the past 20 and Chairman of Imperial Chemi-years.

Liabilities.

is

Profits have generally re-reductions shown in sundry liabl

cal Industries, Ltd. speaking to a responded to our activities, but unfor- lities, are responsible for the heavy 19% presentative of the Times of Cey-tunately the prevailing world-wide increase in our bank overdraft, in lon, at the Imperial Chemical in-business and financial depression spite of the new capital of $300,000 dustries (India), Ltd.:-"Looking has of course adversely affected the received early

in the year. over the past six months I see a Company's business, especially in its previously remarked

As slow, but definite improvement in more profitable departments.

our Canton 2014 a number of our industries in Eng-!

branch has been responsible for "This factor is responsible in a considerable capital and stock ex- land. When tariffs were being dis-great measure for the poor resulta penditure, amounting to about four jcussed, certain Continental coun- shown. In regard to this tries sent into England a greater pany's business this will be more Managers and Directors are con- Com- lakhs of dollars, but your General volume of manufactured goods readily understood when the fact is vinced that It is quite justified. than they had been sending normal-jappreciated that on account of the On the accounts presented your

Nearly all the

ly. It therefore, took considerable lack-of-business during the past year directors recommend that no divi- Lime to work off these excess stocks, or so, hundreds of thousands of dend be paid. but in many cases this has been Chinese who had for years been a done and the result is that in steel, source of considerable revenue and the general managers receive no Incidentally I would remark that" cotton, wool, glass and artificial profit to the Company have been re-commission of the year's working. alk, I see definite improvement. patriated from Indo China, Straits:

"And what is important is that Settlements, F.M.S. and the Dutch make gentlemen, and beg to move I have no further remarks to our export trade is slowly, but sure- East Indies. ly expanding. While the world is

the adoption of the Report and Effect of Cholera.

Statement of Accounts as present- certainly in a chaotic condition, I Locally and at Canton, the aerated, and after this has been second- think one sees a disposition on the ed water business must be considered, I shall be pleased part of some of the great nations led as 'seasonal."

to answer In the year under any question to the best of my to come closer together and consi-review the season opened most ability. der how best to tackle their major auspiciously, the month of May! Tribute To Mr. Humphreys, problems.

establishing a record both for Hong! "If America

A farewell tribute was paid to does not rule out Kong and Cauton. However, the Mr. John D. Humphreys, Snr, the discussion of War Debts at the incidence of the cholera epidemic at retiring Managing Director of forthcoming World Economic Con Canton in June last year terminated Messrs. A. S. Watson and Co., Ltd., ference then I think one should not what might otherwise have been a by Mr. J. Scott Harston. be unhopeful of something con- favourable season. structive arising out of that Con- Chinese aerated water factories clos-fore they left the meeting, it was Mr. Scott-Harston said that be- ference. We must not forget that ed down, but we America has her problems just as keeping our Canton factory running.jshareholders record their thanks to felt justified in only right that the Directors and European countries in her debt in Hong Kong and Kowloon, the their past chairman, who had been have theirs, and while it may be afacrated water business showed with the company for over 40 years. slow process to educate public opin- diminished returns, due partly to He wished Mr. John . Hum- ion in America to the economics in- the reflex action volved in international debts, I am cholera scare, and to the unusually and then called upon Mr. G. H. of the Canton phreys Snr. prosperity and health, hopeful that that country will in cool and wet summer season. time, by s

Potis to second the vote of thanks. commonsense view of Adverse conditions of trade must] the debt question, help to start be acknowledged and faced, but in in the chair and was supported by Mr. John D. Humphreys Sar. was again the world's recovery.

spite thereof concentrated efforts Mr. J. Scott Harston, the Hon. Sir "I am mildly optimistic as to the have been made future, but to see real prosperity continually

are Shou-Son Chow, Kt., Mr. A. H. throughout the world again arti-directions, and

being made in all White,, Mr. A. B. Stewart (Direc-

I

may ficial methods of restricting inter-shareholders

assure tors) and Mr. J. A. Tarrant (secre- that BO

far national trade must be removed.

55 tary), concerted endeavour are concerned, "It is quite conceivable that with we confidently expect to maintain Wong, Mr. Peter Wong, Mr. V. P. Those present were Mr. J. M. Britain becoming a tariff country our long established and extensive Waters, Mr. G. E. R. Divett, Mr. W. and with the Imperial Preference (position. which has been accomplished to a

M. Paterson, Mr. F. S. Stapleton, Additional Assets. certain extent at Ottawa, there will

Mr. D. Wilson, Mr. John D. Hum- Referring to the accounts before phreys Jnr., D. E. Clarke, Mr. C. B. result in time a lowering of tariffs you, in the assets column, the fol- Brown, Mr. P. C. Potts, Mr. G. I. throughout the world and this willlowing additions will be noticed-Potts and Mr. Wong Kin Tsol. make easier the exchange of goods land and buildings $17,000, furni-] internationally."

ture and fittings $6,806, machinery On the proposal of Mr. John and plant $169,511, and building D. Humphreys Sar, and seconded Improvements $2,298. totalling by Mr. F. W. Stapleton, the report $196,315. Also stocks in trade and of the General Managers was adopt- sundry stores are increased by $68, ed.

T.T.

1/31⁄2

On demand

1/3/2

4 months' sight

1/3

Credits 4 months'

sight

1/43%

On New York- On demand

2214

Credits 60 days'

sight

23%

On Paris-

On demand Credits 4 sight

565

months'

G05

On India-

Υ.Τ.

8534

On demand

85%

On Shanghal-

On demand

76%

On Kobe-

On demand

103

On Manila-

On demand

44%

On Singapore-

On demand On Batavia-

On demand

56

551⁄2

On Saigon-

On demand On Bangkok

562

Authorised Capital Paid-up. Capital Reserve and Undivided

Profits

‚U.B.$8,000,000,00 .U.S.$1,882.882.04 .U.S.$1,458,116.78

Branches and Agencies:-

Amoy

Pelping

On demand Sovereigns Bank buy-

ing rate

1/44 Bar Silver per oz. 17 Bar Silver in Hong $10,000,000.00 Kong

6,598,600.00 Copper Cash

Copper Centa

1% prem. 2,312,000.00 Rate of Native In- terest

82% p.a. Chinese Sub. Coin... 30% dis. Hong Kong Sưa. Coin par.

1434

Nominat Nominal

Batavia

Penang

Bombay

Rangoon

Anderlan

Merlin Bombay Brom Bels Bonar Álmo Calen Onlin Upam Onlamba

BRANCHES

Guman Glanger

Hamburg

Interlaken

Lade

Liverpool Labe Kagama

Calcutta

Saigon

Xion Nagica

Prom Parla Panana Pelpl

Botsdam

Canton Haiphong Hankow Honolulu

San Francisco Beattie Semarang Shanghai

Paris

New York

London, Yesterday.

87 7/16 3,44%

Kobe

Montreal

4.092

Brussels

24.62%

Ignored Banishment

Bu

17.80

Order.

8.52

Lak

Maroodian

Momin Carla

Manila

Malok

Pirms Geser

Moders

66 13/16 14.44 18 29/82 22 7/16 192

Manage

Hong Kong, 21st June, 1982.

THE

Chief Manager. AMERICAN EXPRESS COMPANY,

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1884.

Capital (fully paid-up) Yen 100,000,000| Reserve Fund.......Yen. 119,750,000 |

Head Offer:----YOKOHAMA,

Alexandria

Batavia

Bertie

Branoked and Agmeles at:

Nagaand Nagoya Newchwang New York

Osaka Faria

Bombay

Calcutta

Canton

Dairen (Dalry) Pelping

Fangtion (Mukden) Hangoon

Hamburg

Hankow

Karbia

Hong Kong

Honolulu

Hainicing KAI-Year Karachi

Cobe

-Londos

Los Angeles Manila

-outs.

Rio de Janeiro Ban Francisco Seattle Semarang Shanghal Shimonomak! Singapore Boerabaya Bydney

- Tientaln f

Tokyo Telortan

INC.

Head Office:-65, Broadway. New York.

Capital ............. Surples Reserves

علامية

Bhanghai Bouton Bagam BL. Kati Manila

Head Office: Hong Kong.

No. 10, Des Voeux Road Central. Established: 1918,

Kowloon London Manila

Blelbourne Nagasaki New York

Youzian Tokohama Burlak

| Osaka Paris

Singapore Bourabaya

SWALOW

Bydney Taihoku Tientsin

Tokya

Vancouver

Yokohama

Correspondents in all principal cities Branches of American Express Com- of the World. pany in Principal cities of United States of America and Capada.

All classes of Commercial Banking Transactions undertaken.

Persons) investment accounts bandied.

LONDON EXCHANGES.

Geneva Amsterdam Milan Berlin Stockholm Copenhagen Oslo

DEPORTEE GAOLED.

and

Directors Re-Elected,

1

440, and sundry debtors shows an Mr. Humphreys Snr. then pro- increase of $62,528,, over the pre-posed that the existing Board of vious account, Of these increases, Directors be re-elected. This was

Li Fai, a young Chinese boller nearly all occur in the Company's seconded by Mr. G. H. Potts and maker, was

Canton branch; land and buildings, carried. to 8

sentenced

Dess.

months' hard labour by Mr. W. and machinery and plant, of real Mr. John D. Humphreys Jnr. pro- - Schofield at the Central Magis necessity for its expanding busi-posed that the auditors, Messrs, G. tracy this morning, for a breach trade" and "aundry debtors" also Butlin, A. C. A. be re-elected as the The increase in "atocks in Bernard Brown, A. C. A., and S. T. 31 Nominal of the Deportation Ordinance.

The accused said he did not like reason.

are mostly at Canton, and for a company'e auditors at $1,260 per understand the ordinance, and after being banished for 10 years

Vienna

1

Every description of Banking and Exchange business transacted. Loans:

rated on approved securities.

Safe Deposit Boxes To Let

Prague

116

Helsingfors Madrid Lisbon

226%

40 19/82

110

KAN TONG PO,

Chief Manager.

Athens

Bucharest Belgrade

805 680 265

55 Nom.

The Company offers to intending Interest allowed on Carraqt Ac- Travelers the use of its ("Travelers Cheques") and Leliers of Credit and, Deposits received for fixed perioda | in. addition, the world-wide services. at rates to be obtained on application.) of its thoroughly equipped Travel De-]

K. MORI

Manager, Hong Kong, 11th March, 1988,"

partant.

E. W. DUGGAN,

Manager

|

RELIABLE PRINTING

no order

100 small

THE NEWSPAPER ENTERPRISE LTD. SMINA WAIL BLOW.

WUNGLAS 4.

Río

Montevideo Buenos Aires Bombay

Yokohama

$3 Nominal

I might here explain

дерб

annum.

that

This was seconded by Mr. V. P.

EMPIRE FAIR DONATION...

on April 7, 1931, returned to the fairly large amount of busi- Waters and carried. Colony where he has since been

[p China which employed as a boller maker,... · formerly carried

CHAMPION MILKMAID.

Shelbyville, Illinois.

40% 0.

1/6 1/82 1/2"15/16

....... 171⁄4 Bilver Forward....17 5/16

-British Wireless Bervice. 30 seconds,-Reuter.

Silver Spot

on

Was

by the Company's Hong Kong lishment has now been ferred to its Canton branch, the

estab- trans-i

The Organising Committee of the question of import duty being the Empire Products Fair to be held at Important consideration. The in the Peninsula Hotel next May,

A record for American milkmaids crassa in the amount of sundry deb- gratefully acknowledge' a contribu- le clalined by Nollie Kinail who milk-tors is almost entirely due to this. tion of $100 from Messrs. Gilman ¡ed 18.4 pounds of milk in 2 minutes. To the serated water business, it & Co., Ltd., towards the expenses

is, necessary to carry heavy stocks of the Fair.

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