BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

20,009,000

Authorised Capital $50,000,000

· Faruri and Pully Palupumálas Bessere Funds 1---

Rating

Silver meta $100.00 Beaurra Ilability of l'espeleture

HEAD OFFICE: HONGKONG.

BOARD OF DIRECTORS, Hon. M. C. 43. M. Muckin

Chairman,

Dutwell. DA

Depotty Campuan.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1883. HEAD OFFICE: LONDON

Reserve Liability of Pr

.£3,000,090 .£3,000,000

THE CHINA-MAIL, WEDNESDAY, AUGUST 8, 1934,

and

Commerce

Finance...

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

29,000,000 The following is the list of local

share quotations issued to-day:

Agencies and Branches:"

$23,000,000

Paid-up Capital

Reserve Fund

prietors

Aloe Bar

Ilalla:

Rangan

(Arnzijeng

Ipoh

Salzon

Bangkok

Karachi

› Hon. Mr. W. H. Jul.

G. Making, Fra

Batavia

Elang

Superba

A.B. Compton, Ewy.

K Morrison, Esq.

Ilombay

T.. Peates, Esq.

CRICULA

Kab Kunt

Shanghai

thuspore

Caulett

Lumpur

Яalawan

Семепроти

Kabig

Southeys

Mudra

Talpine

Colombe

Tellin

halil

Malen

Thikah

Tdphong

New York

(likekort

lambura

Peiploe

Titan

Bankow

Takuhama

Pebank

Pogbange

1. Kwick, E 0.0. Kught, Boj.

AMOY BASUROZ BATAVIA BOSHLAY CALCUTTA CANTON CHEPOR COLOMBO

DAIRES

Puociow

MAYPIONA

HAMSCHO

HASHOW

HARRIS

ILONY

IPOIL

JOBORE

ZOBE

HUNIKEW

KOWLOON

Y. H. Grayburi, E.

Chief Mager.

BRANCHES

LONDON

LATIAN

SIYLALCA

JAKILA

UAB Tabora

NORDES NEW YORK

BENANG

BANGIIS

SAIGOS

SAN FRANCTYLD

KUALA LUMPUR

SEASONAL

SINGAPORE

SOUDABAYA

SUNDEI PATANI

MUSICIS

TURY

THINGPAO VORIMAMA

Carp Accounts opened in Local Currener and Fixed Deposily receted for one your or short ends in Lomal Company and Starling are teren which will be quatiel on application. Ing Kong, 18th April, 1231.

HONG KONG SAVINGS BANK.

The Burner of the abura Bank fa conduch ed by tax 1050 SONO AND SHANGHAI BANKING CORPORATION, obtinet on application.

Pules say be FR THE HONG KONG AND SHANGHAI

BANKINI CORPORATION,

Y. M. GRAYBURN,

Hong Kong February, 1934,

at Manager.

THE BANK OF EAST ASIA, LTD.

Aalbarian! Papital

Tald-up Capital

Be a Cadisited Prafts

„$10,000,000,NT

$5,30NJUN

$3,181,009,00

HEAD OFFICE-HONG KONG

12. Desa Bowd Central

BOARD OF DIRECTORS:-

Si ho Clusw, Chairnst,

Bonn (huo, P. K. Kwok, Eng Wong

Tun Tang. Es Chan Ching Shek, Ent. Li Lan

Razb

long Hong

Foreign Exchange and Cuneral Baking business

tranacad.

Current Accounts opened and Fixed Depil received for Que year or wheater periode at rates; which will be quoind or app:ination.

W. H. E. THOMAS,

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

THE BANK OF CANTON, LTD.

Established 1012.

Head Office:-Hong Kong,

Authorised Capital

Paid-up Capitol .... Total Resources

$11,000,000 8,555,000 32,170,492

Branches: Canton, Toinhan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription trans- jacted

от

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

Safe Deposit Boxes (various sizes)

100k poosa SITAN,

for hire.

Chief Manage

SAFETY FIRST! To Safeguard Your Valuables and Jowalleries.

Deposit them in a Vault that is really: FIRE PROOF BURGLAR-PROOF DAMP PROOF !

OUR SAFE DEPOSIT VAULT

Bing, Erg. Wong Chu Roi, Faq, and Ran Ting located on the Mezzanine Floor of

PJ. EL-

Bnh Trung Thu Emy. Clist Sorsgr IT Foz ej. Manster.

BRANCHES AND AGENCIES:-

Satii's

Melbouras

Keastfe

SWAROE tibang bai Blogeporn bourabaya Swatów

Am7

Bula

Bob Calcu

Nagkak

New York

Centur

Ferie

Babor

Triping

Ryanay

1Toolulu

Penang

Labe

Reagoon

Tiental

Haigon

Taiyo

Last

San Francisco

Vabcouver Yokohams

Taiboku

Evan devription of Bething and Exchange :

Bowna granted on approved bular transarted. securities.

Food Carrbocy Current Acuate opened la and Fixed Depot received the te aborter pude in Loval and Farelgs Curra en term ich will be quoted on "application.

Raft Depoll Jazes To Let

KAN TONG PO.

Our New building is Specially Con- stracted to provide all of these Im- portant Qualities.

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

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

THE

FerAMERICAN EXPRESS COMPANY,

INC.

Head Office:-65, Broadway, New York

Chale Munger.

Buat Hoog, et March, 1994.

Capital Surplus

THE BANK OF TAIWAN, LTD,

Reserves

$8,000,000.00 2,087,112.69 1,995,629.81

Head Office: Talhoka, FormosS, Incorporated in Japan by Spacia! Imperial Charter, 1899.

BRANCHES:--

Amsterdam

Antworp

Всполь Gleason

Vtion Klea

Albons

The Hague

Kapus

Assunt

Havaur

Prasus

Heine

Baburg

Pariu

Barlin

Bombay Bremen Brussels

Нафто Heidelberg Interlake

Paqua:

l'erma

Beleidam

Brunew

Cairo

Loadou

Calcutle Connor Cołambo

Liverpoǝl

Lucerne

Lugano

Copenbaren Dublin Edinburgb

Luzor

Harvaille

Monte Carlo Mualla

Central Bank of. Formosa, Notes

issued Average amount Y.45,000,000

Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Sinchlicu, Taicht, Tainan, Taito, Takao, Tamsul, Toen. China: Amoy, Canton, Foochow, Han-

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London,

New York, Singapore, Batavia, Florenes Samarang, Soerabaya, Dairen.

On and after Aprli 20th, 1934, the)

rate of Interest on Special Current

Ganeva

Munich

Montresz

Shugh. Sonthampton Klep Tiental Taormina Vlasn Fazioa Tokobara Burkch

Deposit will be at 11⁄44% p.a. on daily Branches of American Express Com balance and the rate for balance over pany in Principal cities of United $10,000 will be quoted on application States of America and Canada. (Maximum rate-1).

Y, ORNO,

Manager.

Hong Kong Branch

3. Des Voeux Road, Central,.

All classes of Commercial, Banking Transactions undertaken.

Persona Investment accounts handled,

THE YOKOHAMA SPECIE BANK Travellers the use of its "Travelers The Company offers to intending

LIMITED.

Established 1880

Capital (fully pald-up) Yen:100,000,000) Beserve Fund....Yep.122,750,000

Head Office:-YOKOHAMA

Branches and Agencies at: Alexandria Batavia

Barlin

Bombay

-Calcutta

Cauton

(Dairy)

Nagacak! Nagoya New York Osaka Paris Pelping Rangoon

Mukden) Rio de Janeiro.

Hamburg

Hankow Harbin

Hồng Kong:

Honolulu Hsinking

Karachi

Kobe

London Los Angeles Manila

Moll

San Francisco

Seattle

Semarang

Shangha Singapore

Socrabaya

Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly 'equipped, Travel De partment.

H. BENSON, General Managér,

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE**

15, Gracechurch Street, London, EGJ Authorised Capital £8,000,000 Subscribed Capital 1,800,000 Paid-up Capital....... 1,050,000 Reserve Fund & Rest 1,247,432

·The-Bask:of-England- Midland-Bank--Lid.

New York Young Fort Lou

(Mauritian) Kuala Lipis 77 Bangoon Kuala Lampes

Bhangbet :" Losnias (Pahang Bimbs -

Singapore

BANKKES:

BRANDIES pok Kandy Caloulis- Kunchi

Kota Bharu

Elogick

Bombsy

Sydney Liantsin

Colombo Dell Dalla

Har

Hooe Long

Lacorest allowed

UzTent

ved for: fynd

Ac

Hadras,

HONG KONO BRANCH Beery, Bascription of Bentlog and Exchange, bank

Trayallere Cheqsed' famond.

Trustee And Executorships under

prinda KINTRAEST milowed & on « Current " Manpunkti and at mies to be obtained on applicación, FLæed Depodar`s Blog list"

Hug Kong, 11th April, 188 C

Hong Kong 12th June, 1984.

Banks.

II.K. Bank, $1815. s.

H.K. Bank (London), 136 n.. Chartered Bank £15% n. Mercantile Bank, A. & B £31 n. Mercantile Bank C. £13% n. Bank of East Asia, $84 n. Am: 0. Finance Corp., Sh. $20 China O. Fin. Ord., Sh. $4 n. China O. Fin. Prof. Sh. $5 n.

Insurances. Canton Ins., $290 b. Union Ins., $550 b.

China Underwriters, $14 b., $1.30

SO..

China Fire Ins., $510 n. H.K. Fire Ins., $200 n.. International Assce, $6 n.

Shipping.

Douglaser, $40.65 m. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $33 n. Shell (Bearer), $46/101⁄2 n. -. Union Waterboats, $131⁄2 n.

Mining,

Antamoks, 60 cts. 8. Balatoes, $36 11. Bagulo Gold, 48 cts. sa. Benguet consolidated 340 n. Benguet Exploration 19 cts. I. Benguet Goldfeld, 20 cte. a. Big Wedge, 12 cts. n. Gold Creek, $2 n.

Gold River, 24 cts. ņ Ipo Mining $21⁄2 n. 1togone $5 n.

Kailan, $20/7 n.

Langkats (Single) Sh. $21 n. S'hai Exploration, Sh. $6 n. S'hai Loans, $61⁄2 n. Raubs, $13.40 n. Venx: Goldfield, $7 ..

Docks, etc.

H.K. Wharves, $112 sa., $113 b. H.K. Docks, $18 b. 'Providente (old) $1.65 b.

Providents (new), 350 eta, D. Hongkews, (old) Sh. $8121⁄2 n. Hongkews, (new) Sh. $310 n. New Engineeringe, Sh. $5 n. S'hai Docks, Sh. $1251⁄2 n.

Cotton Mills.

Ewos Cottons, Sh. $11 sa.

S'hai Cottons (old), Sh. $781⁄2 S'hai Cottons (new), Sh. 848 n.

Zoong Sings, Sh. $11. Wing On Textiles, Sh.469 .

Lands, Hotels, etc.

H. and S. Hotels, $5.70 n. H.K. Lands, $571⁄2. n.

:

S'hai Lands, Sh. $251⁄2 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10.40 ha. H.K. Realties, $51⁄2 n. Asia Realties "A", Sh. #140 m. Asin Realties "B" Sh.$20 n. Chinese Estates. $85 b. China Realties.-Sh⋅ $15-n. China Debenture, Sh. $137 n.

Public Utilities.

H.K Tramwaya, 321.85.b. Peak Trams (old), $15 n. Peak Trams (new), $7 D. Star Ferries, $10231⁄2 m. Yaumati Ferries, 321% n. C. Light (old) $8.90 sa.

NEW YORK STOCK

EXCHANGE.

S. E. Levy And Co. And A.O.F.C. Quotations.

LOCAL DOLLAR ADVANCES.

Silver Prices Rise.

The local dollar has advan ced %, opening on demand this morning at 1/5%

Spot and forward silver have in- creased. i closing prices yester day being 20 13/10 and 2015/16, respectively.

FURTHER DRAG ON WALL STREET

Commodity Index Still Rising.

SILVER MARKET STRONG

New York, To-day. A further decline in prices oc- curred on the New York stock mar

NEW ADVERTISEMENTS

MAMAK HOCKEY TOURNAMENT.

THE THIRD ANNUAL GEN- ERAL MEETING will be held

THE

on FRIDAY, 17th August, 1934 in St. Andrew's Church Hall at 5.30.

p.m.

Representatives, members

ed to attend.

P. J. BARLOW. Hon. Secretary.

of

The London on New York crossket yesterday, industrials and rafls/Clubs and all interested are invit rate, which closed on Saturday at being off .64 and 45 to 87.17 and US $6.03% closed yesterday at 33.16, respectively, while utilities U.S.$5.06%, while the New and bonds were oft .09 and .26 to New York, Yesterday.

rate closed at 19.85 and 93.46, respectively. --- The following quotations from New York on London York have been received. by Meanrı |£—U.S.$5.06%, as compared with S. E. Lovy and the American Oriental | U.S.$5.04% on Saturday... Finance Corporation.

EXCHANGES.

TO-DAY'S QUOTATIONS.

On T.T. and demand 1/6%

ן.

The commodity index rose .84 to and declining steel mill operations. a new 1933-34 high level of 62.87.

The silver market was and active.

The net income of Electric Bond strong and Share for the second-quarter

totalled $2,192,000, compared with S. E. Levy And Company's Report $2,539,000 the corresponding period

In their market report. Messrs of last year.

After dividends on

S. E. Levy and Company, corres-Preferred stocks the balance is pondents for Mesars. White, Weld $83,000, compared with a balanca and Company, New York state:

lof $131,000 last year. The total "Stocks: The market had a fur-surplus at the end of June 30 ther drag to-day attesting to con- totalled $370,822,000,

compared tinuing doubt regarding the Fall with $369,865,000 the previous outlook. Pressure of inflation was year.

an important factor andi again

The American Telephone and. there is no clarification of the Telegraph has lost 83,500 sub- Government's intentions regarding seribers in July, against 84,000 stimulation of business or reasur-subscribera last year.-Reuter,

E. A. Pierce Co.'s Report This is vital and until the quee-! In their market report. tion is settled a quiet market is American Oriental

Last

Close Opening Noʊn

N. Y./Lon-

don

5.04% 5.00% 5.00%

. Cotton Oct. 18.08 73.18 13.16

Dee....... 19.21

13.32

18.29

On London-

Silver 'Sept., 47.40

47.50

47.52

Dec.

47.85

47.70 b

4 months' sight

1/6

Silk Dec.

1.12

1.11b

Credits 4 montha'

Rubber Sept. 15.44

16.03

Dec,

15.85

16,37

sight

1/00%

C.. Wheat

On New York

Sept.

1,08

1.07%

On demand

375%

Dec.

1.10%

1,09%

Credita 60 days"

C. Corn

sight

39

Sept.

74%

14

On. Paris-

Dec.

77%

77%

W. Wheat.

On demand

5672

Oct.

0014

03

Credite 4 months'

STOCKS:-

aight

600

lance regarding private enterprise.

Amer Smelt

43

34%. On India-

Anac Copper

11%

114

11

On T.T. and demand 99

Auburn

19%

20

20

On Shanghai-

Balt

& Ohio

34%

154

145%

On demand

110

J. I. Case...

37

38

Con Gas NY.

27-

27%

On Japan:-

847%

864

864

On demand

125%

El Bo & Sh

11

111%

11

On Mana

Gen Motors

27

274

On demand

75

Int Tel &

Tel

A

9%

|On Singapore—

McIntyre

48

18

47%

On demand

63%..

Mont Ward

21%

21%

20% On Batavia-

Nat Distill

18

184

18

On demand

55%

| On Saigon→→→

2014

20%

19

On demand

564

Soc-Vaccum.

135%

13

13

Stan Oll NJ..

42%

42

42%

On Bangkok-

Un Alrcraft

15%

164

14%

On demand....... 124%

U.S. Steel.. 394

04

32

Bovereigna bank bay.

West E & M 20% 30

29%

ing rate

1/6%

London Price

¤.

C. Light (new) $8.50 b. H.K. Electrics, $72 B... Macao Electrics, $25 a. Sandakan Lights, $8 n. Telephone, (old) $24.50, s. Telephone (new) 811.80 n. China Buses Sh. $13.20 n. S'pore Tractions, $5/- n. - Singapore Prof., $17/- b.

Industrials.. Malabon Sugars, $11 n, Cald: Macg. (ord), Sh. #21 n. Cald: Macg. (Prof.), Sh.$194. Canton Ices, $2.70 m. Cements, $2.60 bi H.K. Ropes, $4.60 μ....

Stores, etc. Dairy Farms, $25

Watsons, 85.70'b.

b.

Der. A. Wings, $1 n. ~Lane, Crawfords, $4.80

Mackintoshi, $21 n. Sinceres, $10 n.. Wm. Powells, 70 cts. n. Wing On (HK) $108 m.

Miscellaneous,

HK Amusemente, & n Entertainments, $71⁄2 n S.C. Enterprises, 31 n. United Theatres, 8h. 82 n.. Macho "Greyhounds,” $2 n. Constructions (old) $1,65 b. ~1 Constructions (new), 75 cts? h, HK Govt. 4% Loan 64% prem

be

HK. Govt. 8% Loan, 2% prem.

b., 2%-prem

Wallace Harpers, BAR Ch Govt. 5% 1925 G$Bds

$85% 11

Du Pont

N.Y. Cen-

trai

Bar Silver per oz. ... 20 -13/16

The following quotations from Lon-Bar Silver in Hong

don were received last night between! Kong

5.30 p.m. and 10.30 p.m.

(change).

1/Bd

20-13/16

пот

nom. Silver Spot 20-11/16 (last close), Copper Cash 20-13/16 (last record),

up Copper Cents

1% prem. Rate of Native Interest 3%, p.a. (last Chinese Sub." Coin ... 23% dis. close), 20-15/16 (last record), 1/8 up Hong Kong Sub. Coin par. (change).

Silver Forward

Silver Report:-India and specula-

Steady. tors bought, India gold.

Gold 138/0% (last close), 137/10 (last record), 2-1/2d down (change).

London/New York Rate 5.04-1/4 (last close), 5.04-7/16 (last record), 3/16d up. (change).

Liverpool Cotton-Oct. 6.82 (Last) close), 688 (last record), 86 up (change).

Liverpool Wheat-Oct. 6/0-3/4 (inst) close), 6/4-3/8 (last record), 3-5/8d up (change).

London Rubber-Oct-Dec. 7-5/16 (last close), 7-1/2 (last record), 1/1ɛd] up (change).

London Rubber-Oct-Dec. 7-3/8 (last close), 7-5/8 (last record), 1/4d up (change).

Market Forecast.

A forecast from London on the prob- Table trend of the New York markets 1 states:-

"We anticipate a firm opening in Wall Street owing to increased in- flationary talk, coupled with more re assuring Trade news in certain direc tions.

On the commodity markets, higher cotton prices are anticipated; In wheat weather conditions are bullish Rubber prices are expected to ad- vance."

DULLNESS EXISTS ON WALL STREET.

Selling On Lose Market,

E

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra. phic Mesrapes Ordinance, 1895. Ra ceived August 8, 9.44 m.)

New York, To-day. The stock market is very com plex, causing dullness. Favourable factors are the heavy trading in commodities, and that Inflation re- ports have spurred interest in metal shares.

Brussels Geneva Amsterdam

LONDON EXCHANGES.

Parla

New York Montreal

London, Yesterday.

76 11/16 5.064

4.95

21.43

15.41%

7.434

Milan Stockholm Oslo

58 21/82

19.891⁄2

Berlin Copenhagen Vienna Helsingfors Prague Madrid

22,39% 27 2264

121 8/16

86 13/18

Lisbon

110%

503 .4%*

525 Sellers

221

Bucharest

Bio

Athens

Belgrade...

Buenos Aires Bombay

Montevideo

Shanghai Yokohama Hong Kong Silver Spot Warloan 3% Silver Forward

19.90% 12.05

88%

1/61/18

884*

1/4%

1/21/

1/6 1/16

20 13/16

104.7/15

20 15/16 -British Wireless Service.

• Sellers Official.

Is it Insured? ?

Insurance All Classes LOWEST RATES American Asiatic Underwriters Fed. Inc., USA. General Agents

Unfavourable factors are that Head Office lack of trading volume is preventing

a definite trend, and the selling in 17, The Band

all divisións on a loose market. Shanghal. United Press, per S. E. Levy and Company,

Capital

ELK Office Asia Life Building Tel.80284.

the

Finance Cor-

likely to continue on the present poration, correspondents for Messrs. pattern. Business done-610,000 E. A. Pierce and Company, New shares.

York, state:

bonds

"Bonds: High-grade

"Stocks:-The strength of the were lower with offeringa light market early in the session was There were some good bids, how-due to General Motors declaring ever. The market was hit parti-an extra dividend.

The failure of cularly by the weakness of Rails metal stocks to carry through yes. and Utilities. Second-grade issues terday's display of strength was ruled weak.

disappointing. The weakness of "Cotton:-The market was firm rails and several industrial jesues but there is hesitation about mak- suggest a further teat of July low, ing new commitments until after levels.. the Bureau report is announced.

do.

"Grain: The market was "Silver: The market was strong minated by speculative Interest in and active on Government buying. wheat. Business done-104 contracts.

"Rubber:-The

steady.

Profit-taking was due to the strained technical position, market

was rather than to any change in the Heavy profit-taking was general kituation. Continued well taken up. The Trade were strength in the Rotterdam and large buyers. We believe that Liverpool markets was noted, Lon- Rubber will sell at a considerably don interests were buying on 5 higher price in the near future. small scale. Business done-1,079 lots,

"Wheat: The steady.

profit-taking

which

"Cotton:-Prices advanced on market was Trade, Continental and Commis-- There was considerable slon House buying, prompted by was well strong cables from abroad, the absorbed. We would again advise strength of Sterling and the fact purchases on set-backs. Business that the contemplated Government |done--74,819,000 buahələ

(Continued on Page 7)

"General Motors has declared an extra dividend of Fifty Cents per share, in addition to the usual dividend of 25 Cents per share."

Night Telegrams.

MACK TRUCK PROFIT

New York, To-day.-Mack Truck has shown a net profit for the second

Favourable factors before the quarter of $212,000, compared with:

opening of the market:

Ja net loss of $115,000 for last year.

The announcement of increased-United Press, per S, E. Lévy and and extra dividends; the strength Company.

of grains and the rumour on Wall]

Street that the Securities and Ex SOCONY VACUUM DIVIDEND

change Commission will make an

encouraging announcement - this week,

Unfavourable factors were:-

New York, To-day.—Socony Va».

cuum has declared a quarterly divi:

dend of 15 cents, which is the same

The absence of confidence; the as the dividend for the last quarter. volume of business increases, on-United Press, per S. E. Levy and Betbacks and dwindles on rallies Company.

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 30108:

Tel. Address. Sélco:

THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD.

Reserve Fund

Deposits:

* Current

Fixed TAN

SAVINGS DEPARTMENTAL

MEME CONDENSED BALANCE SHEET AS AT 80TH JUNE, 1934: LIABILITIES

Gift Bonde (Savings Certificate

Accrued Interest: Payable Net Profit for the Half:)

ASSETS

500,000.00 600,000.00

Cash:

In Hand W

$29,772,636:60

28.134.961.50 193.01: 45.62 33,630.94)

$40,015,637,09

At Commercial Department Investments at Book Value *Loani: Secured: 1760) Accrued Interest Receivable Accounts? Bag Route?

$4,440,207.28 9,009,994.96

The publication of the Financial Condition of our Savings Departme

of the National Government of China.

HONG KONG BRANCH: 7. ICE HOUSE STREET.

$49,016.63

the Minis

PHONES: 31481-82-83

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