Y.

BANKS

HONG KONG AND SHANGHAI

· BANKING CORPORATION.

Authorized Capital

THE CHARTERED BANK OF

INDIA, AUSTRALIA & CHINA,

·

$80,000,000 Incorporated by Royal Charter, 1853.

Inwood and Fully Feldup 20,000,000 More Fundar-

Berlingo

£8,500,000 lver 10,000,000

BEAD OFFICE: LONDON

!

Beserre Lability of Proprietors

36,000,000

Paid-up Capital

HEAD OFFICE: MOXOXONO.

Reserve Fund

£3,000,000 .£3,000,000

Reserve Liability of Pro-

BOARD OF DIRECTORS,

prietors

Hon. Mr. . . 8. Mackie Chairman,

8. H. Dadwell, Esg Deputy Chairman.

Then, Mr. W. H. Fall, ~

B. Compton, Leq. W,F, Berufsky Z54. D. D. Eaight, Reg.

AMOY

HONUK

BATAVIA DOMBAY CALOUTTA CANTON CHEFOO COLOMBO HAIREX

POOCHOW

HAIPHONG

HAMBURA

HANKOW

BARDIN

120120

IPOL

HONGKES

JONDRE

KOBE

KOWLOON

V. M.

0. Hinkin, Zaq.

5. B. Scorrison, Zaz

T. E. Pakron, Eag.

Orayburn, Røg, Chlat Manager.

Maple

DEANCHES-

LONDON LYONS

MALACCA

MANIA

MUAR (Johor)

MURDEN

NEW YORK

PEIFING

PENANO RANGDON

BAZOON

BAN FRANCISCO

KUALA LUMPUR

SHANGHAI

BINGAPORE

BOURABAYA

BUNGET PATANI

TIENTSIN

TORTO

TRINGTAD

YOKOBAMA

Current Accounts opened in Lees! Currency and Fixed Deposits received for our of aberler periods in Local Company and Blog ar terms which will be quoted in appllion. Hoe Eeng. 13th April, 1984.

Aloe Bar Amrilar Bansh Enterly Bouley Calgutia Dante Cawyer Cobu Catarbe

.£3,000,000

Agencies and Branches:

Leila

Ipok

Xarschi

Zob Ausla

Rangoo

Baigon

Semarang Barimban Shangha! Eingi pora

THE CHINA MAIL, TUESDAY, JULY 17, 1934.

LOCAL SHARES.

Commerce and Finance.

TO-DAY'S QUOTATIONS.

The following is the list of local share quotations issued to-day:

Banks.

m

Hamburg | Kanker" Harle

Hoereng

Larmy ur Tuching Madron Manda

New York Pelpla

(Paking)

Boutaisy Triplex Tientsin Tongka

(huker) Tsingtan Tokohama Zamboang

Foriga Exchange and Ossersi Banting, bain

framsalad.

Can Acronis opened and Fixed Depolia recelted for one year shorter perioda est which will be quoted on applicati

W. H. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1934.

THE BANK OF CANTON, LTD.

Established 1912.

Head Offce-Hong Kong. Authorised Capital

Fald-up Capital

$11,000,000 6,655,000 Total Resources

82,170,492 Branches: Canton, Tolthan, Shanghai, Haskow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription trans-

HONG KONG SAVINGS BANK. acted.

The Businow of the above Bach be conduct.

ed by the HONG KONG AND SHANGHAT BANKING CORPORATION,

oblained on application.

Hules may be

FOR THE HONG KONG AND SBANORAI

BANKING CORFORATION

7. M. GRAYBURN,

Chiat Manager.

Hong Kong. 20th February, 1984.

THE BANK OF EAST ASIA, LTD.

Authorised Cxplat

Paid-up Capital

$15,000,000,00

deserts and Undivided Proble$2,504,000.00

*HEAD OFFICE: HONG KONG

11, DER V Rosé Contest,

BOARD OF DIRECTONS:-

Bir Shopson Chow, Chairmat.

Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted an application.

Safe Deposit Boxes (various sizes)' {for hire.

LOOK FOONG SITAN,

Chief Manage.

SAFETY FIRST!

To Safeguard Your Valuables and Jewellerles.

Deposit them in a Vault

that is really: FIRE-PROOF BURGLAR-PROOF

DAMP PROOF!

H.K. Bank $1780 b.' H.K. Bank (London) $1871⁄2 n. Chartered Bank £10_n. Mercantile Bank, A. & B £80% Di Mercantile Bank C, $18% n. Bank of East AsiaTM $84 n... Am: 0. Finance Corp.,. Sh. $20. n. China O. Fin. Ord, Sh. $4 n. China O. Fin. Pref. Sh. $5 n.

Insurances,

Canton Ins., $290 m. Union Ins., $585 b. and sa. China Underwriters,-$1.20_b. China Fire Ins., $510 m. H.K. Fire, Ins., $230 b. International Assce. #6 n.

Shipping.

Douglas, $41.15 n. H.K. Steamboats,”" $7, n. Indo-Chinas (Pref.), $80 m. Indo-Chinas (Def.), $98 m. Shell (Bearer) $48/1% n. Union Waterbosts, $12% ..

Mining.

Antamoks, 60 cts. n. Balatocy, $321⁄2 n. Bagula Gold, 42 cts n. Benguet Consolidated $32 n. Benguet Exploration 18 eta, b. Benguet Goldfield, 20 cts. n. Big Wedge, 12 cts. n. Gold Creek, 12 n. Ipo Mining $21⁄2 b Itogons, $5 s,

Kailan, $18/- n.

Langkats (Single) Sh. $21 n.

S'hai Exploration, Sh. $5 n..

S'hai Loans, $61⁄2 .

Raubs, $12.80 b.

OUR

SAFE DEPOSIT VAULT

of

Venx: Goldfeld, $7 n.

. . Kwok, Wong located

on the Mezzanine Floor

Li Koon Chan. Per Ch 24-IA Specially Con-

Batig, Fan, Wang Chrs Son, Esq. and Ran Tingstracted to provide all of these Im-

Po, Eng

Kan Tone Fo. Eq. Chief Manager.

The Fong, Esq., Manuget.

BRANCHES AND AGENCIES:-

Manita

Sentile

Amay

Baloise

Melbour

Semarang

Babay

Nagarakl

Bhanghai

Calcutta Caslon

New York

Bluyapore

fiska

Evurabaya

Tialphong

Paria

Bwplow

Hanley

hydney

Honslula

Robe

Thiboda Tentein

Tokyo

Kowloon

Loddon

Ban Francisco

Vanooster

Polpire

Tenen

Bangoon

Baljon

Every deuription

Yokohama

of Bapling and Exchange:

portant Qualities,

You may obtain a Safe Deposit Bor in this most up-to-date Vault for your own use at a very moderate Ren- tal

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central.

THE

business imnacled. Lowes granted on approved AMERICAN EXPRESS COMPANY,

OUT!!!.

Currency Account opened In Ewal Current

урах от and Fixed Deporis received for me shorter parfods in Jort and Foreign Currencies en terms which will be quoted on application.

Яна Віром Поява То

INC.

TONO PO,

Head Office:-65, Broadway,

New York · ́

Chlef Manager.

Hong Kong. It March, 1984.

Capitat

Surplus

Reserves

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO}

HEAD OFFICE:- Talpeh, Formosa Incorporated by Special Imperial

Chartor, 1899.

Central Bank in Forma

Bank-Notes ned Average amount...Yan 18,000,000 On and after August 15th, 1999, the rate of Interest on Special Current Deposit will be at 2% p.a. on daily balance and the rate for balance over $10,000 will be quoted un application. (Maximum rate-13%).

TONDON BANKRES:

Barclays Back, Lidy Lloyds Bank, tid. Midland Bank, Ltd., Westminster Bank, Ltd.

The Bank has Commipendants In all the principal

Y. OHNO,

Correial Dentrem, throughout the world.

BONG KONG BRANCH,

P. Do Your fload Central. Hong Kong, December 4, 1931.

LUMITED.

Manager.

Amsterdam intwork

- ALKUND

Heidelberg Interlaken Jerusalem London Iirerpool. Винсетио

.$8,000,000,00 2,087,112.60 1,995,528.81

Herico City Kir Маркет Bracus Paria

Teipios Palermos Rotterdam

BRANCHES:-m

Giation "Ojang

bene Beale

E Kimborg

Berlia

Bombu

Bremen. Brus Calro Calcutta Cannay

Thablin Edinburgh

Combo Copenhagen

Pienes

LUCY

1, ELDO Jnxor Home Monte Carlo Vantis

Match

Muutint Mila

Tome Shanghai Southampton Sings pare Tientsin Tremaine

Victa Yenica Totaliassa Merich

Branches of American Express Com pany in Principal cities of United States of America and Canada.

All classes of Commercial Banking Transactions.undertaken.

Docks, etc..

PRICES WEAKER ON WALL STREET

SILVER RULES DULL

New York, To-day. Prices showed a weaker tendency on Wall Street yesterday Indus- trials and rails" were down 1.98 and 0.88 to 97.04 and 43.23, respectively. while utilities and bonds declined 0.05 and 0.05 to 22.59 and 95.48, respectively.

The silver market ruled dull S. E. Lety And Company's Report In their market report, Messrs. 8. E. Lavy and Company, corres- pondents for Messrs. White, Weld and Company, New York, state;

LATEST QUOTATIONS.

New York, Yesterday.

following quotations have been received by Messra. 8, E Levy and Co., & the A.O.F.C.

December January March

46.80 46.90 47.20 47.80 47.42:47.42 47.85 47.85 48.61 45.61 12 lots.

ولا

0.04 up unchanged

.0.10 up 0.08 of

0.15- 0.05

0.05 off 0.02

19

NEW ADVERTISEMENTS

PUBLIC AUCTION,

HE Undersigned have received

Tinstructions to sell by Publis

Auction

ON

Thursday, the 19th, July, 1934, commencing at 2.80 p.m.

at their Sales Room,

4 Dúddell Street.

A Quantity of

VALUABLE HOUSEHOLD

comprising:

FURNITURE.

Tank hatstand, Chesterfield

armchairs, Teak couches and cabinets & bookcases, Tenk exten- sion dining tables & chairs, Teak sideboards, Teak & iron bedsteads, Teak wardrobes, Dressing tables, Chest of drawers, Ornaments, Brass ware, Silver ware, Cut glass vases; Porcelain ware, Cutlery, Carpets, Ice chests, Enamelled bath, Wash basin, Typewriters, Portable gramaphones, Table fans, Table clocks, Pictures, Oil paint- inge, Linen, Floor polisher, etc., fete,

July 14: Closing

July 18.

Opening

Closing

Change

New York Cotton:

July

October

December

12.88 18,04 18.17 18:84 19.35

12.08 12.98 18.18 13.20

12.98 12.98

0.15..up

13.15 13.16

0:12

+

13.80 18.31

0.24

:

January

18.20-

13.40 13.89

13.82 13.88

0.18

35

March

10.48

18.48 18.49

18:41 18.41

0.13

"

Business Volume Small

May (1985)

13:36

18.64 18.56

Spot in

18.05

18.49.13.49 18.25

0.18

·0.20

39

#

New York Silver:

September

46.75

October

46.00

46.76 47.00 47.80 47.30

48.75 46.79

Decembét.

47:20

47.10 47.60

January.

47.50**

March May

48:00

48,06 Total sales:-6 lots. New York Rubber:

July September October

unquoted 47.80 47.80 48.30 48.40

14.60 14.84

14.40 14.40 14.70 14.78

14.97.14.83 14.88

14.55 14.55 14.82 14.82 14.94 14.94

"

0.03

15.23

15.07 15.02

*15.18 15.18

0.05

15.34

15.18 15.16

15.81 16.81

0.08

15,60 Total sales:-510 lota.` Chicago Wheat:

July

15.40 15.41

15.54 15.55,

0.05

308 lots.

97% 97 97 987%

984 984

100%

.96% 96% 0% of

98% 984 0%

99%

· 100

0th 41,756,000 bushels

13

*F

60% 60% 61% 61%

03% up

0%

#

684 63%

"

-

18,152,000 bushels

December New York Sugar:

July

82% 82% 82% 844 84% *83% 84%

82

+

85% 85%

82 0% off 89% 83% 01 84% 84%

0%

4

1.70

1.68 1.71

1.69 1.70

unchanged

One Radiola

September December

1.74

1.74 1.74

1.74 1.74

1.82

1.81 1.81

1.81 1.81 0.01 off

Total sales:-17,000 tons.

2,000 tona.

1.13

1.18 1.18

1.12 1.15

September

1.19

1.17 1.19

December

1.10

1.18

1.19

- 1.18 1.14 1.17 1:17

0.02 up 0:05: off 0.011/2

Total sales:-24 lots.

Copper, Oct. Tin, Oct.

6.86

51.60

"6.75 51.60

"Stocks: - We maintain our opinion that the weight of Govern- ment expenditure, plus the enor mous current credit, is likely to result in higher prices, or, failing this probability, favour more ra dical Inflationary moves. Business done-690,000 shares.

"Bonds: Both high-grade and low-grade issues are easier, with the volume of business small.

"Cotton:-The market met with increased offerings on the ad- vance, indicating considerable pro- fit-taking. Speculative circles ré Weather main bullish, however. conditions are the governing trend of the market and any rains in Texas will probably result in sharp reaction in prices.

"Silver-The market has ruled

dull.

"Rubber: The market was quiet but firm and we continue to ad-' vise purchases on easy spots.

"Wheat:-The sentiment is stil bullish, with the only pressure

September December

100% 100% Total sales:-40,882,000 bushels

Chicago Corn:

July ...

59% 60 60. September

61 81%

611⁄2 December

021⁄4 621⁄2 63% Total sales:-13.581,000 bushels

Winnipeg Wheat:

July October

New York Silk:

July

New York Metals:

small profit-taking and hedging. NEW YORK STOCK

Hot weather in the South-West is off-setting the beneficial rains in

the Corn Belt. We continue to re-

EXCHANGE

commend purchases on minor set S. E. Levy And Co. And

H.K. Wharves $108 b. H.K. Docks, $12 n. Providents (old) $1.60 b. Providents (new), $50 cta. m. Hongkews, (old) Sh. $32244 n. backs."-Reuter. Hongkews, (new) Sh. $820 n. New Engineerings, Sh. 85 n. Shanghai Docks, Sh. $181 D.

Cotton. Mills,

Ewo Cottons, Sh. $11.10 b. S'hai Cottons (ok), Sh. $78 n. S'hai Cottons (new), Sh. $42% Zoong.Sings, Sh. $11%1⁄2 m. Wing On Textiles, Sh. $68 n.

Lands, Hotels, etc.

Latest Quotations

A.O.F.C. Quotations.

New York, Yesterday, The following quotations have The following quotations from Now been received through Messrs. 5. E York have been received by: Mas Levy and Company and the Ameri-E. E. Levy and the American Oriental

Finance Corporation. Oriental Finance Corpora«

Lart Close Opening Noon New York, Yesterday, [N.Y./London 5.04% 5.04 5.08%

13.18 13.39 Last To-day's Cotton-Oct. 18.04.

Dec. 13.17 18.85 13.34

can

non:

H. and S. Hotels $5.65 b. and Ba. H.K. Lands $574 b.

S'hai Lands, Sh. 825

n.

Metropolitan Lande, Sh: $14 n.

Humphreys, $101⁄2 sa. H.K. Realties, $531⁄2 0. Asia Realtles "A", Sh. $140 n. Asia Realties "B" Sh.#20 n. Chinese Estates, $86 b. Chinn Realties, Sh. $15% n. China Debenture, Sh.

Public Utilitles. HI.K. Tramways $21.35 b. Peak Trama (old), $15 n. Peak Trams (new), $7 n. Star Ferries, 810214 n. Yaumati Ferries, $21 b. CLight (old) $8.70_n. C. Light (new) $8,60 n. H.K. Electrics $72 n. Macao Electrics, $25 1. Sandakan Lights, $8 n.

N.Y./Londen

Dec....... 47.20 47.10b 47.10b

**

0.09 off unchanged

EXCHANGES.

TO-DAY'S QUOTATIONE

|On London—

also

A Quantity of Blackwood Ware jincluding:

Joss Tables, Jardiniares, Tables, Chairs, Cabinets, etc., etc.

and

One Steel Filing Cabinet

Two Refrigerators

Two Cottage Pianos

One Ceiling Fan.

Two Underwood Typewriters

One Iron Safe

One Radio Set

Terms: Cash on Delivery

LAMMERT. BROS.

Auctioneers.

Hong Kong, 17th July, 1984.

Everything

gone.. BUT YOUR

SAVINGS

On T/T. and demand 1/5%

4 months aight

1/54

RENT

Credits: 4 months'

Bight

1/6%

On New York---

On demand

FOOD

$7

Credits 60 days"

sight

CLOTHING

88%

On Paris

HEAT

On demand

660

close close

Sliver Sept. 46.75

46.75h 46.75b

Credits 4 months"

sight

..... 59224.

TAXES

Cross-Rate

5.04% 6.04

On India

N.Y. Cotton-Oct. 13.04

-18,16

Silk-Dec. 1. ́1,19

1.18

N.Y. Silver-Sept.

46.79

Rubber Sept. 14.84

14.70

14.75

On T.T. and demand 97%

WATER

N.Y. Rubber-Sept.

14.88

Dec. 15.28 15.07

15.14

On Shanghai-

Chic Wheat-Sept.

984

984

C. Wheat Bapt. 98%

98%

On demand

110

CHITS

Chic, Corn-Sept. ....... -81%

#1

Dec. 100%

100%

N.Y. Silver (business

done price)

....... 48%

-464

C. Corn-Sept.01%%

Dec.

614

On Japan:

621⁄4

6314

On demand

123%

8444

ness done price)

48% 46%

42%

41%

| On Manila---

SAVINGS

14% 14

On demand

78%

24

On Singapore—

22

SAVE SOMETHING

On demand

6244

82%

3274

824

On Batarie.

Du Pont... 93

93

91%2

On demand

84%

E. Bond & Sh. 14% Gen. Motors.. 32. Int. Tel & Tel, 12%

14%

14%

On Salgon

314

On demand

56

124

Mcintyre 49%

49%

On Bangkok---

M. Ward

28%

28%

28%

On demand

12634

08

Nat Distillers, 21% 21%

-202

Fovereign bank buy-

41

118

N.Y. Central. 28

27%

Ing rate.../1/64

Soc.-Vacuum 16

15%

152

24

Bar Silver per, oz.

20%

Stm. OH NJ, 4534.

45% 45

BIK

{Un. Aircraft. 184

184

18%

Bar Silver in Hong

.89% 39

Kong..

nom.

Copper Cash

HOM.

1% Fre

San Fran. Silver (busi.-W. Wheat Oct. 88%

(Dow Jones Avg-).

Last. Today's Aves. Aver. Change

80 Industrials, 29.03 97.04 1.98 off 20 Ralls 43,11 43.23 0.89 off 23.24 22.59 0.65 off

20 Utilities

40 Bonds'.... 25.48 95.43 0.05:off

11 Commodity

69.86

18 LEADING STOCKS

Index...

American Can

American Smelting

Tmerican Tel & Tel.

Auburn

J... Case.

Du Pont de Nemours

Telephone (old) $24.80 b., $25 ea. Electric Bond & Share

Personal investment accounts Telephone (new), $12 b. handled.

The Company offers to intending THE YOKOHAMA SPECIE BANK Teler the use of its "Travelers Choques" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel De- partment,

Established 1880

Capital (fully paid-up) Yen.300,000,000 Reserve Fund

Yen.122,750,000

Head Office:-YOKOHAMA

Branches and Ageneles at:

Alexandria

Batavia

Berlin

Bombay

Calcutta Canton

Nagasaki Nagoya New York

Osaka Paris

Peiping Dairen (Dalny) Rangoon Fangtien (Mukden) Ris de Jensire

Ban Francisco Beattle

Hamburg

Hankow

Harbin

Hong Kong

Honsolala Heinking Karachi

Kobe London Los Angeles:

Shang

Singa Boerabaya Sydney Tiantain Tokyo

rapore

Taingtan Yingkow

@intereit, Vallowed on Cærent - Ani

Deposits received for fixed reriods

ar rates to be obtained on application.

C. KISHINAMI.

“Manager. Hong Kong, 11th Apr, 1984 V

C. H. BENSON,

General Manager,

Is It Insured?

Insurance All. Glasses LOWEST BATES American Asiatic Underwriters Fell. Inc., VISA General Agents

Head Office

17, The Bund

Shanghal

II. Ofice Akis Life WBolling

Tel. 3234

RELIABLE PRINTIN

no orde

100 Shu

China' Buses Sh. $18.20 n. S'pore Tractions, B/- n. Bingapore Pref., 16/191⁄2 n.. Industrials.

Malabon Sugars, $12 n. Cald: Meg. (ord), Sh. $21 n. Cald: Macg. (Pref.), Sh.81840. Canton Ices, $2170_n. Cements $2:60-b. H.K. Hopes, 34% n.

Amer. Smelt. '48 Anse. Copper 10% Auburn

244 Balt & Ohio 20% J. L. Case... 51% Con Gas N.Y. 83%

90% U.S. Steel...39%

18 Westinghouse 37 86%

Copper Cents

London Silver Spot 20-5/8 and For-Rate of Native Interest 8% pa.”

General Motors

8074

Internat. Tel & Tel

18

Last Close

Melntyre Porcupine

40

Montgomery Ward

28

ward 20-11/16.

20%

28

88%

National Distillers N.Y, Central JU.B. Steel

| United Aircraft

Union Pacific...... Westinghouse Ei & M. Socony-Vaeton ............

Chinese Sub. Coin.......... 80%1⁄2% dis,

Featureless Business very limited. Hong Kong Sub. Coin par.

London Gold 188/-

London/New York Rate 5.03-3/4 (2

17 p.m. Tate);

117

Liverpool Cotton--Oct. 684 (1.p..

354 price),

15

E. A Pierce Co.'s Report In their market report the American Oriental Finance Com Dairy Farms $264, a.. $26/26.10 poration, correspondents for Mesars,

Stores, etc.

E. A. Pierce and Company, New Yorit,” state);

Liverpool Wheat Oct. 6/2-5/8 (1 p.m. price).

London Rubber Oct./Dec. 7-1/44

buyers, 7-8/8 salers (Opening).

Last Record London Silver Spot 20-5/8- and For- ward 20-11/18. g

Featureless. Business very limited" London Gold ́187/1144.

London/New York Rate 5,03-18/16 (2.p.m. rata); quo

"Stocks: News of the strike, showing that the situation is more serious than had been anticipated, Liverpool Cotton Oct. 8.88 (1 pm served to unsettle the entire price).

7-1/4

stracture of the market. However, Liverpool Wheat-Oct. 5/2-5/8 (1

| Pam price) so far, this seems to be more of a

London Rubber Oct./Dec. temporary situation than anything buyers. 7-9/8 sellers. (Opening). elsa. Business

*590,000 done

London Robber Oct/Dec. 4,7-1/4 buyers Noon Markets steady, shares

Tondon Forecast Of American Markets

Watsons $5.40 n. Der. A. Wings, :51 n/ Lane, Crawfordk, $4.30-

·Mackintoshs, #21 n. Sinceres $10.60.1- Wm. Powells, 70 eks.:n, Wing On (HK) $108 D. Joe MiscellanGOUS. HLK. Amusements, $4 n.. Entertainments, $734 mi. 8.C. Enterprises, 80 cta. b. United_Theatres, Sh. #2 n. -Macao "Greyhounds,” #2_n.

Construction (old) 81.60 5. -- Constructions (new) 75 cts. b. Receipts are large he H.K. Govt. Loans, $8%% prem. n. hot weather ›Wallace Harpers $8 n....“.

ChGort 5% 1925 GEBd

Gold River, 281⁄2 eta E.

Govt. Loan 1% prem

"Wheat-The market is a one-

sided affair, with bull sentiment With the noflook obscure, business unanimous. The only pressure 18 is likely to continue Umited on:Wall Ing. Street, allhaneh dealers are inclined from profit-taking and

tinued to overlook the bearish sentiment, and

the labour troubles In California...

Wheats. The market in

off-setting

Belt the little more r

(Contínued von "Page 7).

are bu

In open irrégularest,ka

is expected

Rubber: Conditions are expect

remain unchanged-and prices a little,

The market is exp

START NOW

UNDERWRITERS SAVINGS BANK

"FOR THE FAR EAST,

·INC.

Asia Life Building, Hong Kong.

Tel, 80234

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

Tel: 80101 and 80108)

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