BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
„Authoriand Capijal
Imood and Fully Pulány man Bonare Funds
Silva $1,000,000
Becerra Liability of Proprialace $20,000,000
BEAD OFFICE, SONGIONO.
BOARD OF DIRECTORS, Bou, Nr. C. &, §. Muckia
Chairmas.
THE "CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by. Royal Charter, 1853,
HEAD OFFICE: LONDON
$30,000,000
20,000,000
Starling ....Barat
£ 4,300,000
Paid-up Capital
.£3,000,000
Reserve Fund
£3,000,000
•.
Reserve Liability of Pro-
prietors
£3,000,000
Agencies and Branches:
Alor Bine
Iloilo
Tangoon
Amritsar
Ipoh
Saigon
Karet
Samarang
Klang
Seremba
Bombay
Robe
Shanghai
Calcutis Canton
Funia
Singapore
Lumpur
AIRWA
Savrupore
Kachier
Sanbaya
Caba
Mada
Talping
Colombe
Menila
Thankin
Delhi
Medan
Tonykab
Wsiphont
New Tork
(B)
burg
Harbin
Pelping
(Peking) Tenang
Zingta
Yedekpa
Jamboang
8. H. Dodwell, Eng. Deputy Chairman.
Doe. Hr. W. B. Del.
a. B. Complon, Esq.
W, J, Kaewish, Eng.
C. C. Inițăi, Žogi
ANOT
DA NG FOR MATANIA BONBAY CALCUTTA CANTON CHEFOO
COLOMBO DAIREN
FOOCHOW HAIPHONG ПАМЕСТО
HANKOW WARDIN NONOKEW ILOMO
IPCH
JDHORE
FOSE
KOWLOON
U. Minkin. Eng.
L.B. Morison, Eas.
T. E. Teaton, Esq.
V. M. Graykurm, Eaş,
Chief Minn
BRANCHES:our
LONDON
LYONS
MALACCA KANILA
NCAR (Jebers), AURDEN NEW YORK
PLIPINO
TENANG FAMIOON
KAIGON
HAN FRANCISCO
KUALA LUMPUR
NILAND HAT
SINGAPORE
FOBRADAYA
BUNGE PATANI
TIENTRIN
TORY
TSI NOTAQ
JOKONAMA
Current Accounts spered in Local Carrens
F
and Fized Deposits Fired forting sherlar perinde qupted on applisties.
in Local Company and
on terme
Hong Kong, 18th April, 1984.
Bangkok Batavia
Hankow
Hong Kout
Foreign Exchange and Cuneral Banking business Izanameled.
Current Acconta opened and Fixed DepoaŠta recstved for one year or shorter perioda så rutas which will be quoted on application,
W. IL E THOMAS,
Acting Manager. Hong Kong, 20th February, 1934.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authorised Capital
Paid-up Capital Total Resources
$11,000,000 8,655,000 92,170,402
Branches: Canton, Tofshan, Shanghaf, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.
Foreign Exchange snd Banking
HONG KONG SAVINGS BANK. business of every discription trans-
The Business of the shore Tank is rondest- d be the HONG ROSE AND SHANGHAI BANKING CORPORATION. Kulen tray be cbtained or application,
FOR THE HONG KONG AND BHANGHAI DANKING CORPORATION
Y. M. GRATBURN,
Chiat Kanker.
Blog Fong, 2016 Februatz, 1951.
THE BANK OF EAST ASIA, LTD.
Authorised Capital
Paid-up Capital
Resorte od Undivided Profit
12. D Your Bond Central
$10,000,000.00
$2,44,000.00
READ OFTICE:-DONG KONG
BOARD OF DIRECTORS: ---
Sir Shan-on Chow. Chairman.
Iron Chun. Eq.. . X. Kwok, The Wong
Reted.
Current Accounts opened and Fixed one year or Deposits received for shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
Chief Manage
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries.
OUR
Tun Tmp. Em.. Chan Chine Shek. Eg A Tan located
Deposit them in
Vault
that is really: FIRE PROOF BURGLAR - PROOF
DAMP - PROOF!
SAFE DEPOSIT VAULT
on the Mezzanine Floor of
Fang, Taq. Wong Chu fon, Esq. and Ran Ting Our New building is Specially Con-
Kan Tour Pa. Fot. Piel Munnen.
The Fun, F., Maniger,
BRANCHES AND AGTEKCIA -
Worl
*telben
Yapmal
Really
Semurang Shangha Blegapore Sourabaya Swalow
AMAY
Betaria
Bombay
Catruti Canton
New York
Baljbong
Paria
Tankow
Tripine
Honolulu
Turl
Hangons
Tientalo
Rewinon Landoa
Raipon
Tokyo
San Franciun
Penang
Story
Tohoku
Tapconter Tokohama
Every demption of Banking and Banbange roine (ranted. In granted an approvač perrides,
Current Aunt
and The Depealt
whorsez perioda in
on tarm which
rent
opened in tal Carrenty
ei in ama and Porten Carteare
by guniné on application,
Bair Deposit Bowen Toms,
KAN TONG PO
Nou Tong Jat March, 1954.
Chlef Managet.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)
· HEAD OFFICE: Taipeh, Formoss Incorporated by Special Imperial
Charter, 1899.
„Central Bank in Formoen
· Band. Noter bond Avaragi wmount...Yep. 45.000.000 On and after August 15th, 1933, the rate, of Interest on Special Current Deposit will be al 2% pa. on daily balance and the rate for balance over $30,000 will be quoted on applicattur. (Maximum rate-1 %).
LANDON BANKERS:
Barclays Bank, Zid. Lloyds Bank, Ltd. Midland "Ilank, Lid., Weissfumer Bank. Ind.
The Bank har Correspondents in a ale prioripat Commercial Cratace throughout the world.
E. NAGUBA.
Manage.
HONG HONG BRANCH:
Des Voeur Boad Central, Hang Tong Desember 1, 1981.
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880.
structed to provide all of these [portant Qualitles.
Ime
You may obtain a Safe Deposit Box in this most up-to-date Vault Zor your own use at a very moderate Ren- {(a).
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central,
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Office:-65. Broadway, New York
Capital Surplus Reserves
$6,000,000.00
2,087,112.69 1,005,528.31
BRANCHES:-
Pripity Palermus
erdun
Rome
Amsterdam Atelwerp
Athene
Драник
Bala
Berlin
17h0 diann Exc Hamburg Haver Haidrikerg
Mesico City
Naples
Frea Paris
Bombay Breme
Ive omulets
ir
Landan
Circ
Cultulle Caut Columb
Copenhagen
F'dinburgh Mient Givusra
Idigeno Laran Marsuber
Mover Carlo Meckle
Youtu ลมด
J Training Vienna Autom Vokaliame Farinks
Liverpinal
Shanghal Southampton Singapore
Branches of American Express Com-
in Principal cities of United | pany States of America and Canada.
All classes of Commercial Banking: Transactions undertaken.
Persona I investment accounts handled,
The Company offers to fatending Travelers the use of its "Travelers Cheques" and Leitors of Credit and, in addition, the world-wide services| of its thoroughly equipped Travel Do-
Capital (fully paid-up) Yen.100,000,000 |partment. Reserve Fund
..Yen.122,750,000
www.
Head Office:—YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Nagasaki Nagoya
Berlin
New York
Bombay
Osaka
Calcutta
Party
Canton
Pelping
Dairen (Delay)
Rangoon
Hamburg
San
Kankow
Seattle
Francisco
Harbin
Hong
Kong
Penguen (Mukdea) Rio de Janeiro
Honolulu Koinking
Semarang Shanghal
Singapore
Soerabaya Sydney
Karachi
Koba
Ticotain
London'
Los Angeles
Kanile
Tokyo Tsingtan Yingkow
!
Moj Cintura allowed on Gærent do
erioda
Depozita received for fixed erates to be whtained 'on application.
O-KISHINAMI,
-Manager,
Hong Kong.. 11th April, 1984.
C. H. BENSON,
General Manager,
THE CHINA MAIL,, TUESDAY, JUNE ÷ 26, 1934.
DEFINITE TREND LACKING.
Result Of Dullness On
Commerce and
Finance. Wall Street.
LOCAL SHARES.
TO-DAY'S QUOTATIONS, The following is the list of local share quotations issued to-day:
Banks.
H.K. Bank, $1840 B.
H.K. Bank (London), £131 n. Chartered Bank £164 n.
NEW YORK STOCK EXCHANGE.
S. E. Levy And Co. And A.0.F.C. Quotations.
New York, June 25. The following quotations from Naw York have been received by Messrs
Finance Corporation.
Mercantile Bank, A. & B. £28 p. 5. E. Levy and the American Oriental
Mercantile Bank C, £15 a. Bank of East Asia, $91 n. Am: 0. Finance Corp. Sh. $20 m2 China O. Fin. Ord., Sh. $4 n. China Q. Fin. Pref. Sh. 85 n.
Insurances.
Canton Ins., $300 m. Union Ins., $572% 64, China Underwriters, 61% n. China Fire Ins., $510 n. H.K. Fire Inc., $250 n. International Assce. $6 n.
Shipping.
Douglas, $40 n.
H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 m Indo-Chinas (Def). $53 1. Shell (Bearer), $50/- n. Union Waterboats, $11.60 b.
Mining.
Antamoks, 69 cta. n.
Balatocs, $32 b.
Bagulo Gold, 36 cts. n. Benguets, 321⁄4 n.
Benguet Exploration, 20 cls. D. Benguet Goldfield, 20 cts. n.
Big Wedge, 12 cts. n.
Gold Creek, 24 s.
Ipo Mining, $4 n.
Itogons, $7 n.
Kailan, 20/-1.
Langkate (Single) Sh. $184 n.
S'ha Exploration, Sh. $6 n. S'hat Loans, $t n.
Raubs, $144 n.
Venx: Goldfield, $7 n. Docks, etc.
H.K. Wharves, $109 n. H.K. Docks, $15 m,
S. China Motors B., $i n S. China Motors B., $8 n. Providents (old), $13⁄4% n. Providents (new), $60 ets. n. Hongkews, (old) Sh. $3224 1. Hongkews, (new) Sh. $520 n. New Engineerings, Sh. $5 n. Shanghai Docks, Sh. $131 n.
Cotton Mills.
Ewo Cottons, Sh. $11.30 n. S'hal Cottons (old), Sh. $72 n. S'hal Cottons (new), Sh. $42 n. Zoong Sings, Sh. $171⁄21⁄2 n. Wing On Textiles, Sh. $67 n.
Lands, Hotels, etc.
H. and S. Hotels, $5.85 b., $5.90
60.
H.K. Lands, $59 n. S'hai Lands, Sh. 826 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10.60 sa.
H.K. Realties, $5.30 b. Asia Realties "A", Sh. $140 n.
Chinese Estates, $82 b. China Realtles, Sh. $151⁄2 n, China Debenture, Sh. $187 n.
Public Utilities,
H.K. Tramways, $21.20 b. Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $101 n. Yaumati Ferrics, $21. C. Light (old) $8.80 ss.
C. Light (new) $8 b
H.K. Electrica, $72.65 b., $73 sa.
Macao Electrics, $25 n.
Sandakan Lights, $8 n.
Telephone (old)" $24.70 5. Telephone (new), $12b., $12.15sa. China Buses Sh. $18.20 n. 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.$191⁄4¤. Canton Tees, $2.70 n. Cementa, $2.70 b., $2.70% sa. H.K. Hopes, $43⁄41⁄2 m.
Stores, etc.
Is It Insured?? Dairy Farms 261⁄2 n.
Insurance All Classes LOWEST RATES
American Asiatic Underwriters
Fet. Inc, D.BA. General Agenia
Head Offen
17, The Bund,
Shanghai.
Watsons, $5,70_n.
Der. A. Wings, $1 n. Lane, Crawforda, 64.40 n. Mackintosha, $21 n. Sinceres $9 n. Wir. Fowells, 70, cts, n. Wing On (H.E.) $100 n.
Miscellaneous.
HE. Ofice. Amusements, $4 1. Ania Life Entertainments, $71⁄21⁄2 n.
Bullding
Tel. 30234.
Job Printing
PLANINABU
POS
tel.
Nat. Distillers
Socony Vac. Un. Aircraft N.Y/London Un. Aircraft U.S. Steel ...
Last Clore Opening Noon
414 4244
BRIGHTER TRADING FORECAST
DULL TONE
CONTINUES ON
WALL STREET
Further Declines In Stocks.
SILVER PRICES FIRM
New York, To-day.
NEW ADVERTISEMENTS
T
NOTICE.
HE Publie is hereby informed that the $500. Notes of the Hong Kong & Shanghai Banking Corporation Hong Kong, of the issue dated July 1, 1930 are being freely accepted and exchanged
SPECIAL TO CHINA MATL. (ByTelegraph, Copyright, Telegra. phic Massagen Ordinance, 1894. Re ceived June 26, 3.12 a.m.)
A dull and drifting market is among the members of the Ex- New York, To-day.
forecasted in New York. Further change Bankers Association Dullness yesterday prevented.
declines in prices ocenrred yen- definite trend on Wall Street, alterday. Industriale and rails bullish were down .80 and 48 to 95.79 though some traders were
and 43.65, respectively, while uti-| regarding the outlook.
lities declined 15 to 23.61. Bonds
&
Favourable factors are the belief improved .01 to 94.73.
that trading will accelerate after
Business was at a low ebb, only
the Stock Control Commission is 490,000 shares being traded.
S. E. Levy & Co. appointed, and the excellent automò- bile export figures.
In their market report, Messrs. White, Weld and Company, New
Unfavourable factors are the de-York correspondents for Messrs. cline in retail sales and the nervous-S. E. Levy and Co. state:- ness in the steel situationUnited "Stocks:-A sharp curtailment 123 Press, per S. E. Levy and Company. In steel operations was announced to-day, which was not altogether unexpected
475
| Amèr.
Auburn
Smelt.
28
25
24
J, L. Care
51
49%
Du Pont
B9% 89
. 89
El, Bond &
Share
15
General Motors
31
31.
15% 15%
30%
Int. Tel. &
12%
12
McIntyre
48
48
Montgomery W.
27
274 27344
24
23%
25%
N.Y. Central
294
29%
20%
15%
1574
14
18% 19
39
503% 503
508
18% 19
18
40%
39%
Westinghouse
30%
BG
N.Y./London
·603% 503
503
COTTON:
Oct.
1222
1231
1228
Dec
1233 1242
1240
SILVER
Sept.
Sept.
4580 4615
4610
5675
RUBBER:-
Sept. Dec. WHEAT:
1366 13968 1380 1404
1418
Sept.
934
81%
Dec..
04%
03-4
584-
594
110b
CORN
Dec.
Sept.
BILK:- Dec.
1171 London Prices,
BUSINESS AT NEW HIGH LEVEL.
Best Figures In U.S. Since August.
DUE TO STEEL ACTIVITY
SPECIAL TO CHINA MAIL..
(By Telepraph, Copyright, Telegra phic Messages Ordinance, 1894. Re- ceived June 26, 8.12 a.m.)
Washington, To-day.
PUBLIC AUCTION.
THE
HE Undersigned have received instructions to sell by Public
Auction
אם
Friday, the 29th. June, 1934,
commencing at 11 am
at their Sales Room,
4. Duddell Street.
7 Cases of Rubber Shoes
1 Case Straw Hats
and
A Quantity of Household Furni
Goods, etc.
as recent operating: rates had anticipated strike posture, Show Cases and Sundry Įsibilities, which have not been
Terms: Cash on Delivery. realised. We continue to antici-
LAMMERT BROS., pate a dull and drifting market, with occasional weak spells, dur-
Auctioneers Hong Kong, 26th June, 1934. {ing which we would resume ac-
cumulation.
"Bands --Both high and low grades were easier throughout the day. The low grades will not; do any better until the tura of the stock market.
LOCAL DOLLAR STEADY.
Further Silver Advance.
"Cotton:-The market is frm on renewed local and speculative buying, reports that the crop in
of further 1/51⁄4
The local dollar remains steady,
The Federal Trade Commission Texas has been damaged and also opening on demand this morning at has reported that business na-unconfirmed rumours
Spot and forward silver have
67% tion has risen to a new high mark purchases of cotton for relief pur-
8 since last August's speculative poses. Purchases are recommended made a further advance of 1/16,
The following quotations from Lon- don were received last night between
the hours of 9 pm, and 11 p.m.
Last Price
London Silver-Spot 20-5/16 China and America sold.
boom, with the May index at 87 on minor recessions. per ceni. of the 1923-1925 average.
"Silver: Prices are firm. The closing prices yesterday being 2014
and 20 7/16, respectively. spread between nearby and dia. This is mainly due to higher tant options has widened consi-
The London on New York cross- ctivity in the steel mills, increas-derably during the past week, in-rate, which closed on Saturday at ed construction, and improvement dicating that traders and specula-U.S.85.08%, closed yesterday at in the Petroleum industry.
The
on London
rate closed
at
tors anticipate higher levels dur US$6.03%, while the New York The may index is compared with ing the next few months. Forward 20-3/8 India and specula-86 in April, 72 in November, and public ta inactive on account of U.S.$5.03, os agalost £-U.5.35.-
03% on Saturday. 31 in August-United Press, per the silver tax. rate S. E. Levy and Company.
Stendy. tors bought.
London Gold—138/1.
London/New York-2 p.m.
15.03-9/16.
Liverpool
4/8-5/8.
Wheat-July-1 p.th.
Liverpool Cotton-July-1 n.m. 6.44.|
London Rubber-July/Sept. Open- $500 NOTES AND EXCHANGE ing 0-5/8 buyers. 6-11/16 sellers,
Lart Record
London Silver-Spot 20-3/8 China and America sold.
London Gold—138/1.
London/New York-2
B..
raic
5.03-7/10..
Liverpool Wheat July-1 4/8-1/4.
BANKERS ASSOCIATED
EXCHANGES.
"Rubber:--The market is quiet; and steady, Trading was princi-} pally confoed to local interests. We continue to recommend pur
probable chases, anticipating a
TO-DAY'S QUOTATIONS upward awing very shortly.
"Wheat:---Prices are lower on On London...
of rain in
which
The Public is hereby informed disappointing cables Forward 20-7/16 Inilla and specula-that the $500 notes of the Hong Europe and Australia, tors bought. Steady.
Kong and Shanghai Banking Cor caused liquidation,
"Corn: The market poration, Hong Kong, of the issue dated July 1, 1930, are being free-in sympathy with the wheat mar-
ket"-Reuter. p.m. ly accepted and exchanged among
E. A. Pierce Co.'s Comment the members of the Exchange Ban-
Mesera. E. A. Pierce and Com-1 pany, New York correspondents for the American Oriental Finance Cor- poration, state:-
Liverpool Catton-July-1 n.m. 6,60,
London Rubber-July/Sept. Open: kers Association. ing 4-5/8 buyera, 6-3/4" sellers.
LATEST QUOTATIONS
New York, Yesterday,
On T.T. and demand 1/51⁄4 4 months' sight... 1/5% Credits 4 months'
sight
1/6
is easier
On New York-- ́
On demand
36%
Credits 60 days'
sight
37%
On Paris-
On 'demand
54774
Credits 4 months"
sight
580
(Continued on Page 7)
The following quotations have been received by Messrs. S. E. "REACTION IS ONLY
Levy and Co., & the A.0.F.C.
New York Cotton:
W
July October December
January
September October
June 23.
June 18.
Closing
11.94/94
12.22/22
12.33/33
12.38/88
March
May (1935)
Épot
12.49/49 12.59/59 12.16
Opening Closing Changes
0.19 up 12.02/02 12.12/18 12.31/31 12.40/42 0.20 '12.41/52 12.50/51 0.18 12.47/47 12.56/56 0.18 12.58/58 12.66/68 0.19 12.76/76 0.17 12.66/66
12.35
19
"
-
0.20
"
New York Silver:
July
13.88B 13.65/65 13.66/66 13.28/96 13.80/80 unquoted
14.02/04
14.30/32
14.12/12
unquated
45.40/40 45.45/65 45.37/45
0.05 up 45.65/80 45.80/91 45.90/00 0.20 45.80/80 unquoted 46.35/15 0.35 46.15/16 46.60/68 46.45/65 0.50 17 46.35/35 46.70/76 46.97/97 0.02 48.75/75 40.50/50 47.62/62 0.87
190 contracts
Possible mutilation
13.55 Bld
.17 up 13,83/83 J17 13.96/56 .16 19 14.20/20 .16 14,35/30 ,24 21
"
•
H
*
12
14.36B
14.56 Bid
December
January March
Total sales:-45 contracts
New York Rubber:
July
* September October
December
January
March
Total sales:--937 contracts
New York Silk:
July
September
14,55/56 21 +
298 contracts
1.11 1.11 02 down
1.15 1.18.02
1.18 1.18
1.17 1.17
October
December
1.17 1.18 1.17
1.15
1.17%
1.16.012 1.16% 1.16 01
Winnipeg Wheat:
July
*76%
% down
78% 80
6
19
October December
Chicago Wheat:
July
September
December
77% 79 80%
9254/92% 911/91% 30%/90% 2% ddwn 98%/98% 92/92% 91/91% 2% 94%/94%.94%/90% 921⁄43⁄41⁄44/921⁄4·2% Total sales:-38,000,000 bushels New York Sugar:
July September .. December Bonda|Chicago Corns ·
- 6.C, Enterprises, $1 n.
United Theatres, 8h. $2 n. Macao “Greyhounds,” #2 n. Constructions (old) $1.65 n. Constructions (new) 70 cts. b. Ch. Govt. 5% 1925 G.
*874% 1. HK-Govt
Loans,
prem, b. Wallace Harpers, $8 n. Gold River, 24 eta, b.
1.65 1,73 1.81
1.64 1.70 1.80
-.01 down
.03
01
58%/687% 584/58% 88%/581⁄4• 1⁄4 down: December"...", : 59%/591⁄4% -59/691⁄4 591⁄470%!
. Saptember
Metals:
NY Copper, Oct. *** 7.34 N.X. Tin,
50.56
758
TEMPORARY."
Experts' Views On U.S. Market.
SPECIAL TO CHINA 'MAIL (By_Telegraph, Copyright, Telegra whic Meanapea Ordinance, 1801. Be ceived June 28, 8.12 a.m.)
New York, To-day.
On India-
On T.T. and demand 95%
On Shanghai-
On demand
On demand
10934
On Japan:-
On demand
120
On Manila-
72
On Singapore--
On demand
611⁄4
On Batavia-
On demand
53%
On Saigon-
On demand
54%
On : Bangkok---
'On demand
129
1/5%
The well-known economist, Mr. Roger Ward Babson, declares: "We Sovereigns bank buy- regard the present time as a period
ing rate of accumulation for the next phase Bar Silver, per oz. ... 20%
of the bull market. Buy stocks now Bar Silver in Hong rather than in more active marketa "Kong
later."
Copper Cash
The "Brookmire" journal states: Copper Centa
TONG.
... nom.
1% prem [“The current business reaction is Rate of Native Interest 3% pa.
only temporary-United Press, per Chinese Bub, Coln .......... 31% dis S. E. Levy and Company.
Hong Kong Sub. Coln par.
S. E. Levy & Co.
UNDERWRITERS · AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
Members:
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE
CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK
7'ICE HOUSE STREET, HONG KONG
80101 and 80103
Address: Balco