16
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Apbrcised Capital
ferred and Fally do 30,000.00
Elamatum Pumpės
Berling
20,800,000
$3,000,000
BUT 10,000,00 Koners Liability of Propriadors #İLAR,OIN
HEAD OFFICE: HONGKONG.
BOARD OF DIRECTOR,
Hon. Mr. 4,8.5. Mackis
1.1. odsell, Esq. Deputy Chalisa,
Hon. Ma. W, 17, Bell, A. Compton, Esq.
W. Kenwick Fan, 13, 12. Kaight, Eng.
AMOY
HANDKOK BATAVIA BOMBAY VALUUTTA
CANTON
CHEFOO COLANDO DAIREN
TOUCHOW
ПAIPHONG
BAMBURG
ΠΑΝΤΟΥ HARBIN
HONORWE
JAHLO
1101
Kotk
OWLIN
4. Miskin, X».
K. M. Morsink. Eng.
T. E. Penice Eka.
7. M. Grayburt, Keg
Chia) Manager.
BRANCHED
LONDON LYONB MALACCA MANILA
MUAB (Johor)
XUEDEX
NEW YORK
PRIFING
PENAND
RANGOON
BAIGOK
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
BINGAPORE
SOUKAMATA
SUNGEI PATAKI
TIENTRIN
TOKYO
25INGTAO TURCHIAMA
Outrun coul opened to Loral Corruses and Fixad Daporta cared for one you skorter perioda in 10cal Company and diseling w term whink will be quated an apptiza ka Hong Kong, 13th April, 1934.
HONG KONG SAVINGS BANK.
The Business of the shore Bark is sondam
* by the BONG KONG AND REANORAL BANKING CORPORATION,
shinland an appliosalon.
Bulan may be
FOR TUE BONGKONG AND LEAKONAI BANKING CORPORATION.
Y. M. OXAYDURK.
Ohlal Manager.
Hong Kong, 26th February, 1934.
SAFETY FIRST !
To Safeguard Your Valuables
and Jewelleries,
Depoall them in
that is really:
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHIŊA.
Incorporated by Royal Charter, 1858,
HEAD OFFICE: LONDON,
Bangkok
Batavia
THE
CHINA MAIE,
FRIDAY, MAY 25, 1934.
LOCAL SHARES. UNION INSURANCE MEETING
TO-DAY'S QUOTATIONS,
The following is the list of local share quotations issued to-day:
Banks,
H.K. Bank, $1,860 b. $1870 3. H.K. Bank (London), £131% n. Chartered Bank £16%1⁄2 n. Marcantile Bank, A. & B. £28 n. Mercantile Bank C, $15 n. Bank of East Asia, $93 s.
Am: O Finance Corp., Sh, $20 n. China O. Fin. Ord.. Sh. $4 n. China O. Fin. Pref. Sh. $5 n.
Insurances.
Canton Ina. $322 n.
Paid-up Capital
Reserve Fund
3,000,000 .63,000,000
Reserve Liability of Pro-
prietors
.£3,000,000
Agencies and Branches:
Alor Star
Illatlo
Rangoon
Amritsar
Ipoh
Saigon
Kazachi
Semarang
Klang
Seremban
Kobe Kuala
Shangha!
Union Ins. $605 b.
Singapore
Lumpur
Sitiawan
Cebu
Colaniba
Taiping
Manila
Tientsin
Delhi
Medan
Tongkah
Haiphong
New York
(Bhaker)
Hamburg.
Peiping Tsingtas
(Peking) Yokohama Penang Zamboangs
}long Kong
General
Canton
Cawnpore Kuching Sourabay
Hankow
Harbin
Madras
Foreign Exchange And Banking business transacted.
Current Accounts opened and Fix ed Deposits received for one year or shorter periods at rates which 'will be qunted on application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1934.
China Underwriters, $14 sa. China Fire Ins., $525 n. H.K. Fire Ins., $250 n. International Assce., $6 1
Shipping.
Douglas. $41 n.
H.K. Steamboats, $9 n. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $33 n. Shells Bearer), 50/7 Inion Waterboats, $11.30 n.
Mining.
Antumoks, 68 cts. n. Balatoes, $332 n. Baguio Gold, 37 cts. n. Benguets, $32 n.
n.
Benguet Exploration, 20 els. n. Benguet Goldfield, 20 cts. n.
THE BANK OF CANTON, LTD. Big Wedge, 12 ets. n.
Established 1912.
Head Office:-Hong Kong.
anthocival. Ospital (1.X, Carrsony) --- 021,002,bes Pald-Up Caplis)
1,065,500 Enario Fanð svararam Tagge
1,180,0 SRANORES :--
Canton Shanghai, Banken, Bangkok,
And in frau skamo.
LONDON BANEXRA :-
The Lloyd's Bank, Limited. QURKEXPUNDENT
is all petonipai aisiae of the World. Forsira Kasaango and banking burizam vë wary inscription inspected,
Safe Depot Boz (various aluse) në » guarly Pontal al from 41 to $18,
LOOK POONG SHAN.
Chief Manager,
THE BANK OF EAST ASIA, LTD.
Vault
Authorised Capital Paid-up Capital Reserve and Undivided
Protta
FIRE - PROOF
BURGLAR-PROOF
DAMP PROOF ↑
OUR SAFE DEPOSIT VAULT
$10,000,000.00
| 3,598,600.0uj
$2,434,000.00
HEAD OFFICE: HONG KONG 12, Des Voeux Road Central
BOARD OF DIRECTORS:- Sir Shouson Chow, Chairman.
located on the Mezzanino Floor of Koor Chun, Esq. P. K. Kwok, Esq. Our New building is Specially Con-Wong Yun Tong, Esq. Chan Ching structed to provide all of these Im-Shek, Esq. Li Lan Sang, Esq. Wong portant Qualities.
Chu Son, Esq. and Kan Ying Po, Esq.
You
may obtain a Safe Deposit Bax in this most up-to-date Vault for your own use at a very moder- ala Rental,
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Jee House Street and Des Voeux Road, Central,
Ran Tong Po, Esq, Chief Manager. L The Fong. Esq., Manager.
BRANCHES AND AGENCIES:--
Manila Melbourne
Semarang Shanghai Singapore Sourabaya Swatow Syndey
Amos
Seattle
Batavia Bombay
Naganakl
Calcutta Canton
New York Osake
Jaiphong
Parin
Bankow
Pelping
Honolulu
Penang
THE BANK OF TAIWAN, LTD. Robe
(TAIWAN GINKO.), HEAD OFFICE: Taipeh, Formosa Incorporated by Special Imperial
Charter, 1893.
Rangoon
Kowloon
Saigon
London..
San Fleisco
Desiral Bank is Formoss
Jakk-Motor lamed Average salon 48,00,00,
Taihoku Tientsin Tokyo Vancouver Yokohama
Loans
Every description of
Banking and Exchange business transacted. granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits received
On and after. August 15th, 1933, tho for one year or shorter periode in rate of Interest on Special Current Local
and Foreign Currencies on
Deposit will be at 2% pa. on daily terms which will he quoted on appli- balance and the rate for balance over cation. $10,000 will be quoted on application. (Maximum rate-11⁄2%).
LONDON BANKERS:
Barolaga Bank, Ind., Llayda Bank, 144. Midland Bank, Lid, Wartoninsker · Bank, A
The Bank kay Correspondents in all the prioripal Jommercial Genies throughout the world. I. FAGUEA,
LONG SONG BRANDE,
9, Des Your Road Cars!
Hut Evig, December 9, 1981
Safe Deposit Boxes To Let.
KAN TONG TO,
Chief Manager. Hong Kong. 1st March, 1984.
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Office: 55, Broadway, New York.
THE YOKOHAMA SPECIE BANK Capital
LIMITED.
Established 1860
Capital (fully paid-up) Yen.100,000,000 Reserve Fund ..Yen.122,700,000)
Head Office:-YOKOHAMA
Surplus Reservos
+
.U.S.$6,000,000.0 ‚U.S.$1,267,089,17 ‚U.S.$1,718,079.67
BRANCHES:-
terdam Пров Antwort
Gigo Athoma ANSIT Boals Berlin Bombay
Palping
Havane fjarpborg Tipe Heldriborg -iperlak
Mxico City Now Napim Plus Parts
Braten
Rotterda
Alexandria
Branchen and Agencies at:
Nagasaki
Tina! Calre Calnetia Carpa
Londo
verpool
...Roose
Abang
Ter
Batavia
Nagoya
Coloriag
LAM
New York
· Copenhagen
Bombay
Ozaka
Canton
Paria
#Alburgh Finan
Peiping
Hrvaš Nowe Carle
# MARTINE Mlje
Berlin
Calcutta
(Dalny) Rangoon en (Mukdon) 10 Jenciro Hamburg
Hankow Hong Kong Honolulu
Harbin
London
Los Angeles
Manila
"Moji je
San Francisco Seattle
Semarang
Boorabaya
Tientaln
נותי
Kothaplo Kingspor Thomis Torming Vlaste Venize Yokohama Zarket
Branches of American Express Com- Dany in Principal. cities of United Siples of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Gold Creek, $32.
Ipo Mining, $4 n.
Itogona, $7 n.
Kailan, 23/3 n.
Langkats (Single) Sh. $18% n. S'hal Explorations, Sh. $4.80 n.
S'hai Loans. $6. Rauby, $151⁄2 b Venx: Goldfield, $7 n.
Docks, etc.
H.K. Wharves, $1041⁄2 n. H.K. Docks, $15 .
S. China Motors A. $21. 5. China Motors B., $8 n. Providents (Old), $1.80 b. Providents (new). 75 cts. n. Hongkews, Sh. $850 m, New Engineerings, Sh. $5.20 Shanghai-Docks, Sh. $158-n.
Cotton Mills.
Ewo Cottons, Sh. $10.80 b. S'hai Cottons (old). Sh. $75 n. S'hal Cottons (new). Sh. $43 n. Zoong Sings. Sh. $13% 1. Wing On Textiles, Sh. $60.
Lands, Hotels, etc.
H. and S. Hotels, $6.10 n. H.K. Lands. $611⁄2n. S'hai Lands, Sh. $25 n. Metropolitan Lands, Sh. $14 n.
Humphreys, $11.20 n. H.K. Realties, $5.10 n. Asin Realties "A". Sh. $140 n. Asin Realties "B". Sh. $20 n. Chinese Estates, $80 n. China Realties, Sh. $15%1⁄2 1. China Debenture, Sh. $137.n.
Public Utilities. IK Tramways "$21.45b. Peak Trams (old), $15:90 n. Peak Trams (new), $74 n. Star Ferries, $100 n.
Yaumati Ferries, $22%1⁄2 ́n. C. Lights (old), $8.86 h.
C. Lights (new), $83⁄41⁄2 n.
Encouraging Outlook Reported
Localised Condition May Become International
TRIBUTE TO
PAUL
LAUDER
BRITISH TRADERS INS. COMPANY LTD.
£12,046 Profit On Marine Account.
£6,755 ON ACCIDENT AND GENERAL ACCOUNT
NEW ADVERTISEMENTS
NOTICE.
·H. B. DARK BEER
THE Hong Kong Brewers & T
Distillers Ltd. beg to apolo- gise for the present shortage 1 of Dark Beer. All orders have been fled, and will be executed imme- diately when the beer is fully matured and ready for sale at the The Hon. Mr. C. G. S. Markic (beginning of June. (Chairman) was supported by the Ample stocks of dark malt are Hon. Mr. J. Owen Hughes, G. Mis-now in hand and no further short- "Reports received from a number of our Branches during the kin, K. S. Morrison, D. O. Russell age should occur. Jast month or six weeks, refer in encouraging terms to the econo- (Directors). A. W. Hughes (Gener. mic outlook for the immediate future in the respective Terri al Manager), and J. W. Alabaster, tories," said the Hon. Mr. C. G. S. Mackle when presiding at the G. S. Archbutt, J. Bentley, N. VA annual general meeting of the Union Insurance Society of Can-Croucher, B. M. C. da Cunha, H. C. ton, Limited, this morning. *The reference in each case is, of] Gray, V. R. V. Ribeiro at the an course, to local conditions, but as the number of centres from nual general meeting of the Bri- which these cheering Reports arise is quite high, it is not out-tish Traders' Insurance Company, side the bounds of reason to hope that the localised condition to Limited, this morning. which each refers, will grow to the point where it overflows and The Chairman said:- becomes International in scope," the Chairman, continued.
"The 1932 Marine Account has "I may say this is the first time for a number of years that [been closed and the proât of £12,- we have noted in even a small percentage of Reports encour 046.18.6 carried to Profit and Loss agement such as is indicated this year.
Account. The Marine Fund at the Those present were the Hon. Mr. Mr. Lauder's work to the Society end of the year including the addi- C. G. S. Mackie (Chairman), Hon. during his 34 years' service.
tional Reserve amounted to £127,- Mr. J. Owen Hughes, G. Miskin, K. "Mr. Lauder first came to the 003.13.2.
lar manner
&
CHINA FIRE INS. COMPANY, LTD.
Exchange Bonus Reduced.
EXCHANGE ACCOUNTS FOR DROP IN INTEREST
"For the purpose of our Accounts the Sterling value of the Hong Kong
S. Morrison. D. O. Russell (Direc- Far East for the "China Traders"," "The Fire Account has been Dollar at December 31 was taken at tors), A. W. Hughes (General and served with that Company closed by setting up a reserve of 1/6%. This compares with a cor- Manager), and Messrs. J. W. Ala-until 1906 when the Company be-40 per cent. for unexpired liability responding value the previous year baster, G. S. Archbutt, J. D. But came affiliated with the Society, and reserving in full for all known of 1/3, and you will appreciate that this difference in exchange, has had cher, N. V. A. Croucher, B. M. C. Thereafter he passed through the outstanding Losses and leaves da Cunha, J. D. Danoy, R. various ranks of the Service, until profit of £10.664.11.10 which has considerable effect on the figures A. Dastur. H. B. L. Dowbig-in 1919 he was appointed to the
been carried to Profit and Loss before you." said the Hon. Mr. C. gin, O. B. E., John Fleming, H. C. Head Office Staff. The very able
G. S. Mackle at the annual general Account. Gray, J. H. R. Hance, J. Scott Har manner in which he carried out
"The Accident & General Ac-meeting of The China Fire Insur- ston, Ho Kom Tong, O. B. E., C. C. the duties there assigned to him count has been deal with in a simi-ance Company, Limited, this morn- Knight, J. H. Little, Lo
to the Fire Accounting, Cheung were recognised by the Board, and
Those present at the meeting Shiu, J. L. McPherson, G. C. Mo-upon the retirement of the General and a pront of £6,755.6.9 carried to xon, J. Ormiston, V. R. V. Ribeiro. Manager in 1924, Mr. Lauder was.
Profit and Loss Account."
were: Hon. Mr. C. G. S. Mackie R. Sander, W. F. Simmons. M. Aappointed to fill the position.
Owen The adoption of the report and (Chairman), Hon. Mr. J. R. Souza, F. W. Stapleton, A, Ste-
"The political and economic dif- C. Gray, and carried unanimously. D. O. Russell (Directors), AW. accounts was seconded by Mr. H. Hughes, G. Miskin, K. S. Morrison, venson, R. L. Stewart. H. Summers,ficulties that have prevailed since M. H. Turner and H. C. B. Way.
Directors Re-elected.
Hughes (General Manager), and J. that year are very well known to Chairman's Speech.
The retiring directors were re-W. Alabaster, A. A. Alvés. G. S. [you and you' are aware also
that elected on the proposal of Mr. J. Archbutt, J. Bentley, B. M. C. da "It is a matter of great regret with commercial institutions of all da Cunha.
Insurance Companies in comman Bentley, seconded by Mr. B. M. C. Cunha, F. H. Farne and H. C. Gray. that one of your Directors Mr. classes experienced, during that The auditors.
The Chairman said:
"The drop in the amount of In- Mesars. Lowe, tereat received for example is due, and Matthews, and to a material extent to exchange,"
FC-
P. Warren is not with us to-daytime, possibly the most difficult Bagham Quite recently Mr. Warren
wa period of operation in their his-Meaers. Linstead and Davis, were continued the Chairman, "and as a stricken with a serious illness and tory, it was necessary for him to pre-the difficultles that arose
Meeting and overcoming re-elected on the proposal of Mr. consequence you will have noticed ceed Home for medical care.
called J. W. Alabaster, seconded by Mr. that while your Direttors recommend. for exceptional qualities of pro- v. R. V. Ribiero, "In the latter part of the year fessional skill and courage, and I
the same Dividend and Bonus Divi- your Directors' were advised of
dend as last year the amount of the the desire of the General Manager. the sound condition of the Society economy that all
have no hesitation in saying that market price, but the necessity for Exchange Bonus Dividend is Mr. Paul Lauder, to be relieved to-day is an outstanding Lestimony under, forced
owners were duced from $7 per share to $2 per from his duties early in 1934.
them to find the share.. "Mr. Lauder brought to the al-der inet
to the manner in which Mr. Lau- most economical means of obtain-i "Turning new to the Revenue Ac-
these requirements.
Jing insurance protection. In many counts you will see that the 1932 tention of the Board the fact that am sure you will join with your cases, I fear, the amount of such Murine Account has been closed and he came to the East in 1900 and Directors in an expression of deep protection was not all that pru-the profit of $83,201.67 carried to
intervening years hud
Jappreciation for the valuable ser-[dent owners
The under normal tir-Profit and Loss Account. upon his
health-vice rendered by Mr. Lauder to the cumstances would desire, Having in mind the great strain Society, and in wishing him many
Marine Fund at the end of the year, "It is pleasing however, to be including the additional Reserve, Mr. Lauder had been under in the
able to report some improvement amounted to $877,147,51. ¿dificult years of his General Manu-
Mr. Hughes' Appointment. in the valume of Hull business to- "The Fire Account has been gership of the Society, the Direc
"After careful deliberation your wards the end of the year as, after closed by setting up a reserve of 40 Board appointed Mr. A, W. Hughes a lengthy period of idleness,, a per cent. for unexpired liability and to succeed Mr. Lauder.
number of vessels were again put reserving in full for all known out- "Mr. Hughes has been in the So-Into commission.
standing lossen, and leaves a profit ciety's service for the past 14 "These are the bure facts of the years, prior to which he had spent. Hull underwriting market was ried to the Profit and Loss Account. "Early in the year the London of $73,654.74, which has been car position, but it would not be right 18 years, in Insurance. Since was disorganised by the abandon-.
"The Accident and General Ac-
that the Laken its toll
stors, with great reluctance, agreed to accept Mr. Lauder's resignation an from the February 24, 1934.
34 Years' Service,
jyears of happy retirement.
of me to allow such an occasion trioining the Society Mr. Hughes ment, of the stabilising "respect/count has been dealt with in a simi- Pass without conveying briefly to has occupied the H.K. Electrics, $73b., 734 you an impression of the 'value of Branch Manager at some of our ous reduction in insured values a profit of $48.655.60 carried to the
Macao Electrica, $24% b. $244 sa. Sandakan Lights, $8 n. Telephones (old), $25.05b, $25,40
SA.
Telephones (new),.$12.45 . China Buses Sh. $13.20. S'pore Tractions, 5/- n. Singapore Pref. 16/10% n.
Industrials, Malabon Sugars, $12 n.. Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Pref.), Sh.$194. Canton Ices, $2.80 n. Cements, 2.70 n. H.K. Ropes, $51⁄2 5.
Stores, etc. Dairy Farms, $261⁄2 8a. Watsons, $6 n. Der. A. Winga, $1. Lane, Crawforde, $4 n. Mackintoshs. $21. Sinceres, $111⁄2 s
Wm. Powells, 80 cts, s.. Wing On (I.K.), $120 n.
Miscellaneous.
H.K. Amusements, $8.80 b. Entertainments, $7% n. S.C. Enterprises, $11⁄21⁄2 n. United Theatres, Sh. $2 n. Macao "Greyhounds,” #2 n. Constructions (old), $1.60 b Constructions (new), 70 cts. b, Continued at foot of Next Col."
THE OVERSEAS NATIONAL
BANK LTD,
National Bank Building, .8A, Des Voeux Road, Central Persons! Lavestment accou handled
Authorized Capital ........ The Company offers to intending Palm Capital Travelers the use of Ita Travelma
TAKTO Tsingtau Yingkow.. Interest allowed on current, An- Chermen and Letters yof: Credit and, Depoalls received for fixed periods of is thoroughly equipped Travel. De
In addition, the world-wide pervised) at rates to be obtained on application.partment.
C. KISHINAMI. Hong Kong, 11th. Apsil;_1984.
Manager.
BW. DUGGAN,
EXCHANGES.
TO-DAY'S QUOTATIONS. On London****
T. T.
1/4% On demand
1/4% Four months' eight 1/6 Credits 4 months'
sight
On New York-
On demand
Credits 60 days'
sight
174%
35%
87%
¡On Paris-
On demand
540
Credits 4 months'
sight
580
On India-
On T.T. and demand 98%; On Shanghal-
On demand
1104
On Japan:-
On demand... 118
On Manila-
On demand
71
60
On demand On Bangkok- #On démand |fovereigns" bank buy-
624
64.
181
1/5
On Singapore...e:
On demand On Batavia- On demand On Saigon-
ing rato Bir Silver per oz. 19.9/16 Bar Silver in «3 Hong
Kont Copper Cash
пот.
position
had
Re-elections. Mr. J. W. Alabaster proposed and Mr. F. H. Farne asconded the re- election of the retiring directors.
The retiring, auditors, Messrs.
+
*
lar manner to the Fire Account, and of the lead" Agreement, and a seri- most important Branches, and last and rates resulted.
Proit and Loss Account.” The Agree- year made an extended Inspectionment difficulties were overcome to
The adoption of the report and of the Society's interests in Lon- some extent later in the year, and accounts was seconded by Mr. G. 8. don, the United States, and Africa a modified form of Agreement Achbutt, and carried unanimously. It is the opinion of your Directors reached; the market as a whole that Mr. Hughes is qualified in then settled down to conditions every respect to carry out success-slightly more stable, ifully the exacting duties of Gen- "The comparatively spare move- eral Manager of your Society. ment of cargo and Its low valde Lowe, Bingham and Matthews, and "At our last Meeting reference were responsible for increased Messrs. Linstead and Davis, were was made to the pending retire-competition in the matter of its re-elected on the proposal of Mr. B. ment of Mr. C. M. G. Burnie. Mr. Insurance, and rates lower even M. C. da Cunha, seconded by Mr. A. Burnie has since retired, and has than those current in 1932 been succeeded by Mr. G. G. to be met, The loss experience
A. Alves. Franklin, who has had 'many years of the market during 1983 does not experience as Branch Manager at give great encouragement to the clines a number of people to the Singapore and elsewhere.
hope for ultimate profit, but pre-thought that present day Inven- "Mr. E. H. Hutchison the sent indications are that the ex-tive genius has practically; ell- Branch Manager of our Affiliated perience of the Society should not minated serious losses at sea; and Company, the Yangtaze Insurance prove unfavourable when the final that Marine Insurance must be an Association, at Seattle also retired figures are available,
extremely profitable venture: for, those engaged in it. (still) "If you will endeavour to 80 years, and his services during occur is evidenced by the total visualise the vast sum of money that period are" very much ap-losses that took place during the that Underwriters; have had to preciated.
Among these were contribute in paying for the above losses, and, add to that, contribu- 42,512 tons tions for the many accidents that 9,848 tons do not: involve 'total loan I think. 8,517 tona
during the year.
Mr. Hutchison, was with the "Yangtze" for over
Business Review.
Accidents At Sea. "That accidenta at Sea
past year. the-..
"In reviewing events pertinent L'Atlantique to the business of Insurancs dur-Cities Service Petrol ing the past year l ́am confronted Guildford Castle Nicolas Parquet with many factors.
Taronga shk
"World affairs, economically and Shideuoka Muru politically; were in an abnormal Coldwater condition, and the dificulties of Bantiago controlling, an international bust Exeter City **
Mina. B. Tricoglu
8,000 tons you will realise that Underwriting 0,752, tons to be carried to a profitable 'con- 6,270 ton cfusión to-day requires a very 8,110 tons high
degree of skill. Even 4,574 to the lead," Agreement and a serious
4,278 tons
2,928 tons under favourable circumstances, the zess, influenced very largely by "All of the above and the, valu-margin of profit is so small that one strch conditions, in no way able cargoes, they carried were can only view with alarm the pre- diminished when compared preced- totally lost through perils of the sent (nsistent demands for wider ing years. Exchange fluctuations Sea. In addition there were polley protection and reduction in were wide, and insurable values were number of smaller steamers lost, rates more, commodity values remained at ed in the Atlantic, Marsland" and seriously affected thereby. Further including the "Baxilby, abandon
Fire And Accident, low level in terms of their own "Fernmoor wrecked at Newfound the decrease in insurable – values Bonds adversely the amount of Insuranca at Paternoster Point spurred Insurance Companies the currencies which further affected land, and the "storic wrecked prevailed alan, and this decrease business available, Men haye sat out this rather for world over to greate competitive $8%%In the Marine fold Hull values midable list as I feel that the re
Copper Cents..... 1% prem $5,000,000.00 Rate of Native Interest 84% pa.
1,000,000.00 Chinese Sub, Coin 314% dis.
Hong Kong Huu Cole put
New York, London Farisi Argentar BANKERS TRUST COMPANY.
tion of general banking business.
We offer Mellitian. Corda rasac-Ch, Govt. 5% 1925 G# Foreign Exchange, transacted," Stocks and bonds, bought and sold Loan franlod ga, approved securities
Cable & General Manager,
87% %% m II.K. GOVE. ⠀ Loads, deprem,be
Wallace Harpers, “$8/n. Gold Rivar 29 cts.!!
In the Fire and Accident fields
did not, I tak decrease to alcognised short memory of the expe large extent se compared with the public, added to lack at, promin, ip Income. previous year in terms of their ence given to such matter
resultant increase in operation and decrease