THE CHINA MAIL, TUESDAY, SEPTEMBER 25, 1934,
Commerce and Finance..
BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Authorised, Capital
Inewed wind Pally Paid-up,
Motorra Fundazi
£6,500,000 buente Hjabi MTO Blyer nego $10,000), 26
Essazra Liubajty of Proprietors .....$39,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853
HEAD OFFICE: LONDON
LOCAL DOLLAR ADVANCES
$50,004,000
و الان شمالی برای آن در رکھے
HEAD OFFICE: HONGKONG,
HAND DE DIRECTORS,"
1. M, C. . . lacke
Chaleinen,
1. Nudwall, Kimje
Deputy Chamaa.
Han. Dr. W. H
A. A. Campton, Yug.
W.J., E4 $.0. Kuight, Enj
AMUY
MANUKUK
BATAVIA
BONDAY
CALGUITA CANTOR CHEFOO COLOMBO DAIRES YOCHOW HARPHONU
HAMBUNG JANEGY HARDIN FROHOKEW
HAILO
1201
JOHORE
KOBE
KOWLOON
Paid-up Capital
Reserve Fund
£3,000,000 ,£3,000,000
1
Reserve Liability of Pro-
prietora
.£1,000,00
Spot Silver Improves
Agencies and Branches:
Alor ar
Shiiir
Fa
Atiriler
Salgou
Bangkok
Karachi
..
0. Miskin, Esq.
flatavia
Kiwor
Herlinang Fre
., Morina, Kaa,
Boating
Kube
Bagind
1.2. Pour, Eng.
Calcutta
Bal
Conta
Singapor Kitten
1 Cawayore
Kirkling
torneys
Cabri
Taiping
Colombe
But
Tienta
Delb
Metan
Tongheb
Malphosa
New York
(3)
[[ainburg
Piplus
HOไฟh floor Kong
You14
Zamboanga
V. M.. Grayburn Esq.
Chief Maungur,
BRANCHES-
Losbak LAUKS MALACCA NANILA
MUAR :ors]
MEKBEN
NEW YORK
PRIPINO
PUNANU KANJIOUN SAIGON
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
SINGAPORE
MOURABAYA
SUNOLS PATANI
TIKSISIN
TORYO
TSINGTAO
YOKAMA
Curent Accratis Created fur une
ID CAPTIONINTE
Bad Fited Deponite shorter periode in Loos) Caugway and
Transacted.
Bindran
The local dollar has nd- vanced, opening on demand at 1/6% this morning. Spot silver has advanced 1/16, while forward silver, remains steady, closing prices yesterday being. 21-15/16 each.
The London on New York cross- rate; which closed at Saturday at Foreign Exchange and General Bookbag bad-U.S.84.99%. closed yesterday at CUTER Acroute and Bud Bixed Depmile US$4.98%, while the New York | received for aus Fear, or whaetse poziody at inien | which will be quoted on application.
jon London rate, cinsed at E-U.S.$4.38%. às compared with
US$4.99 on Saturday.
W. II. E. THOMAS,
Acting Manager. Hong Kong. 20th February, 1934..
THE BANK OF CANTON, LTD.
Established 1912.
Head Office: Bong Kung.
or
Paid-up Capital
Authorised Capital
Total Resourcua
$11,000,000 8,655,000 82,170,492
a teries which wili la gouted on application.
Hoy Cox, Mark April, 1984,
HONG KONG SAVINGS BANK.
The Hunters of the above flank is conduri,
By abs 5G KONG AND SHANGHAI
BANKING CORPORATION.
oblated un application.
Thesion सम
NEW YORK STOCK EXCHANGE
S. E. Levy And Co. And A.O.F.C. Quotations
The following quotations from New
Branches: -Canton. Toinhan, Shangha York have been received by Mesara. Hankow, Bangkok & San Francisco. London Bankera: Lloyds Bank, Ltd., S. E. Lavy and the American Oriental)
and Foreign Exchange Banking Finance Corporation.
Lust. business of every discription trans. jacted.
PO THE TONG KONG AND SHANGHAI shorter perioda at rates which will be
MANEIRO CORPORATION.
V. M. GRAYBURN,
THE BANK OF EAST ASIA, LTD.
Authorised Capital
Safe Deposit Boxes (various sizes)
SAFETY FIRST ! To Safeguard Your Valuable and Jewelleries.
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local share quotations issued to-day:
Banke.
H.K. Bank $1725 sa.
INFLATION
DANGER SEEN IN AMERICA
CENTRAL BANK PLAN | CRITICISED -
GUARANTY TRUST SURVEY
SPECIAL TO CHINA MATI..
BRIGHTER TONE ON WALL STREET
Accumulation Period Lies Ahead
AUTHORITIES' BELIEF
New York. To-day.
A broad, but fractional advance phie fessages Ordinance, 1884, R and sentiment is more cheerful. (By Telegraph, Copyright, Telegra developed yesterday on Wall Street, ceived September 25, att an.)
Wall Street Many authorities on The Guaranty Trusts monthly are inclined to the belief that the survey states
that compulsory recent liquidating muvement is membership of all commercial
completed and that a period of ae-| banks in the Federal Reserve n. system would he the first step in}
cumulation lies ahead.
creating a model United States) banking system..
H.K. Bank (London), £136 n. Chartered Bank £15% ex. dlv. Mercantile Bank, A. & B. £30% Mercantile Bank C. £13. Bank of East Asia, $90 a. Am: 0. Finance Corp., Sh. $20 n. China O. Fin. Ord., Sh. $4 n. China O. Fin. Prof. Sh. $5 n.
Insurances.
Canton Ina., $286 n. Union Ins., $3214 b., $534 sa. China Underwriter, $1.15 n. China Fire Ins.. 3510 n. H.K. Fire Ins., 3249 n. International Assce. Sh. $6.n. Shipping.
Douglases, $40 b. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 m. Shell (Bearer). 46/10%. n. Union Waterboats. .813 n.
Mining.
Antamoks, 60 cts, b. Balatocs, $37 n. Baguio Cold, 17 n. Benguet Consolidated
42% els.
Benguet Exploration 18 ets. b.
quoted on application.
Chin! Manager.
for hire.
Current Accounts opened and Fixed NY/London Deposits received for one
year or Cotton Dec.
Mar. Silk Dec. Rubber Dec.
Mar,
116
Close Opening Noon 4.903, 498% 408% 1274 1280 1272 1286 1202 1281
114
1.
1865
1566
1606
1608
and sa.
11ng Kaux. 20th February, 1954.
LOJE POORU SIAN,
Chint Manager,
C. Wheat Dec.
104
103%
Benguet Goldfield. 20 cta, n.
May
104
104%
Big Wedge, 9 cts. b.
C. Corn Dec.
784
78
Gold Creek, $2 n.
May
79%
70%
W. Whent May
874
SK
Gold Rivers, 23 cts. n.
STOCKS:
Ipo Mining $21⁄2 n.
Amer Smelt
3415
33%
Itogans $6.30 .
Auburn
245
2431
Kailan $25/7% n.
Con Gas NY
27% 28
29
Du Pont
881/2
887%
8814
Langkats (Single) Sh. $171⁄2 n.
El Bo and Sh. . 10,
10%
10%
S'hai Exploration, Sh. $5 n.
Gen Motors... 2044
2014
S'hai Loans, 861⁄2 n.
Int Tel and Tel 10 Loew's Inc .... 27 McIntyre Ment Ward
104
10
Raubs $12.90 n.
27%
Venz; Goldfield, $5 ș.
47
47
2513
25%
254
Docks. etc.
194
90
1913
NY Central
217
9214
21%
4315 43%
43%
32
-8314 . 32%
Pald-up Capital
Moors and Unkvided To
$10,000,000,0
$2,454,000,00
HEAD OFFICE; -MUNG RONG
12, Dr Voz Road Central
BOARD OF DIRECTORS ¡—
hur Sharon Chu, Chairma
El Coon Chun, C. P. R. Ero
Work
Tus Tong. Eg, Chau Ching Shek, Esq., Lan Eng, Eng., Wong Chu Son, Etq. and Ben Ying
Asaur
Batavi
Bombay
Caloutia
Canton
Sa Touro, Yay. Clist Moongar.
The Funk. Eq.. longer.
siphong
BRANCHES AND AGENCIES:---
clauifa Staltourne
Fun! New York
Cheks
J'ario
Hakan
j'alping
Heuoluta
Porang
Keba
Lagoon
Bowloon Landon
Saigon
has Freuclerg
Sextile
Bemarsag ненадвай Bispers Bourabaya Bralow
Tabaku
· Tientais
Toky's
Tokoham iary dascript of Danking and Exchange bustness transacted fonu grad a provad
Accounts opend La OsmonHE Pised Impolite Prentvnd for one year or shorter pics Load Foreign Curren
14
Deposit them in a Vault that is really; FIRE-PROOF BURGLAR-PROOF DAMP PROOF I
OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im purtant Qualities,
Nat Distill
You may
obtain a Safe Deposit Stan Oil NJ Box in this most up-to-date Vault for U.S, Steel your own use at a very moderate Re- Ital
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. ,Corner of Ice House Street and Des Voeux Road, Central.
THE
London Prices.
The following quotations from Lon- don were received last night between 5.30 p.m. and 10.30 p.m.
Silver Spot 21% (last
close), 21 15/10 (last recd.), 1/16 up (change), Silver Forward 21 15/18 (lust close) 21 15/16 (last read.) unchanged.
Silver Report:America and specu- lators bought. China and India sold. Market steady.
Gold: 140/10 (last close), 140/11
no lotime which will be quoted an application. AMERICAN EXPRESS COMPANY, (last recd.), id, up (change).
Bate Urged to In
KAN TOMO PO,
Chial Macagır.
Strug sag. 1 Nach, 1954
THE BANK OF TAIWAN, LTD.
Head OfBee:-Taihoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes
issued Average amount Y.45,000,000
Branches and Agencies,
Japan:--Kobe, Osaka, Tokyo, Toko- hama, Keelung, Makong, Nanto, Shoks, Sinchiku, Taicha, Tainan, Talto, Takao, Tameul, Toen. China:Amoy, Canton, Foochow, Han-
tow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavin, Samarang, Boerabaya, Dairen, On and after April 20th, 1984, the rate of Interest on: Special Current Deposit will be at 1%% pa. on daily balance and the rate for balance over. $10,000 will be quoted on application [Maximum rata-1%).
T. OHNO,
Manager.
Hong Kong Branch
3, Des Voeux Road, Central.
INC.
Head Office:-65, Broadway, New York
Capital Surplus
Reserves
Atanda
.U.S.$8,000,000.00 *2,087,112.89 1,995,528.81
BRANCHES;
Amsterdam Antworp
Ün Giga
The ia gue
Анива
Henine
Fierane Hamburg
Kitan Nico Kaplan Firarus
Far
Berhit
Bombay
Brusla
Dieg
Calcotta Cena Calamba Copanbagen Dabla
Heidelberg Interinken Jerusalem Loodch Liverpo Litera
Papi L'albu
Lator Murill
Edinburgh
LURO
Monte Cade
FinceDon Cenovn
Mialia Munich Mout
Retardad Holas Shinghs HootSampton uggeston Tantalu Tuormaa Vienn
Yokohama Zurich
Branches of American Express Com- pany in Frincipal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
London/N.Y. Selling Rate: 4.99% (last close), 4.98 11/16 (last reed.),; 13/16 down (change).
London/Paris Selling Rate: 74.84) (last close), 74.71 (last red.), .13 down (change).
6.82 (last
Liverpool Cotton-Oct. clore), 680 (last recd.), .02 down' (change).
Liverpool Wheat-Oct.: 5/35% (last close), 5/3% (last recd.), unchanged.
London Rubber-Det.-Dec.: (buyers) 77/16 (last close), 7 (last red.), 1/16 up (change).
London Rubber-Oct-Dec. (sellers) 7 9/10 (last close), 7% (last reed.), 1/16 up (change).
London Rubber-Oct.-Dec.: at Doon (buyers) 7 (last reed.)
London's Forecast
A forecast from London on the pro bable trend of the New York market, states:
It is generally considered that Satur-i day's rally on Wall Street will be con- tinued, owing to the settlement of the textile strike.
In the Wheat market, prices may: possibly be slightly higher.
In Rubber, alightly higher prices are expected.
The Cotton market is due to go higher. Hedging has lessoned to al large extent on announcement that the Bankhead Bill will continue to be In Personal investment accounts force throughout the season.
THE YOKOHAMA SPECIE BANK Bandled.
LIMITED.
Established 1880
The Company offers to intending Travellers the use of its "Travalars Cheques”:, and, Leiters of Credit and,] Capital (fully paid-up) Yen.100,000,000 in addition, the world-wide services Reserve Fund
Yen.124,250,000 bf its thoroughly equipped Travel De
[partment.
Head Office:-YOKOHAMA
Branches and Agencles at:
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Nagasakl Nagoya
New York Osaka
ping
Rangoon
"
Fengtien (Mukden) Rio de Janeiro Hamburg
Hankow
Harbin
Hong Kon Honolala
Heinking
London
Los Angeles
Manila
Moll
San Francisco
Seattle
Semarang. Shanghal Singapore Seerabaya Sydney
Tientsin Tokyo Tsingtan Yingkaw
Interact allowed on
GENIETS.***
rent. Ae-
Depozita received for fixed periods -26 raves to be obtamed on application
CKISHINAMI,
Hong Kong, 11th September, 1934.
C. H. BENSON,
General Manager,
THE WING ON BANK, LTD. HONG KONG
Authorised Capital" $10,000,000.
Foreign Exchange and Banking Business of every description transact jed.
Current Accounts opened and Fixed Deposits received for one year or shor- ter period atirates which will be quot ed on application, hel
Safe Deposit Boxes (various sizes)‡ for hire a feraika
PHILIP GOCKCHIN Chief Manager LGOCKCHIN TRIGE Assistant Manager:
BANKHEAD COTTON CONTROL ACT TO CONTINUE
Washington, To-day.--The Secre- tary of the Department of Agricul- ture, Mr.. Henry C. Wallace, zald that members of Congress and also economists favour a continuance of the Bankhead Cotton Control Act until the next crop year-United Press, per 9. E. Levy and Company,
THE SHANGHAT-COMMERCIAL: & SAVINGS BANK LIMITED. (Incorporated in China)
Capital pald up.....85,000,000, Reserves
$7,000,000. Capital Bavings Dept. $800,000. Reserve Bavings Dept. 3600,000.
Head Office...-Shankhaj ATBank having as its mission the -industrial, development of China and,the fostering bf her commer- stal relations zbroad.
Jos House 82 Phone:31481-Z KARNA
H.K. Wharves, $109 n. H.K. Docks, 141⁄2 : Providents (old), $11⁄2 n. Providente (new), $50 cts, n. Hongkews, (old) Sh. $3091⁄2 n. Hongkews, new) Sh
New Engineerings, Sh. $43⁄41⁄2 n. S'hai Docks, Sh. $118 n:
Cotton Mills.
Ewo Cottons, Sh. $10.80 n. S'hai Cottons (old), Sh. $75%. S'hai Cottons (new), Sh. $44 n. Zoong Sings, Sh. $111⁄2 n. Wing On Textiles, Sh. $55 n.
Lands, Hotels, etc.
H. and S, Hotela, $5.40 b. and so. H.K. Lands, 350 b. S'hai Lands, Sh, $27 m. Metropolitan Lands, Sh. $14 n. Humphreys, $10 m. H.K. Realties, $45 b. Asia Realties “A”, Sh. $140 n. Asia Realties "B" Sh.220 n. Chinese Estates, $89, n. China Realtics, Sh. $15% n. China Debenture, Sh. $187 n.
Public Utilities,
H.K. Tramways, $20.10 b., $20.30
Sa, $20/201⁄4 30.
Peak Trams (old), $15 e. Peak Trams (new), $7 n. Star Ferries, $98 n.
Yaumati Ferries, $21, n. C. Lights (old), $8.60 n. C. Lights (new), $8.10 b. II.K. Electrics $70% b., $71%
71 82.
Macao Electrica, $25 n. Sandakan Light, 88 8. Telephone (old), $23.80 b. Telephone (new), $11 b China Buses Sh. 13.20 n. Singapore Tractions, 4/9.b. Singapore Pref. 17/9 b.
Industrials.
Malabon Sugars. $8.70 8. Cold: Macg. (ord.), Sh. $21 n. Cold: Macg. (Pref.), Sh., $20 n. Canton Ices, $2 b. and so. Cements, $2.40 n. H.K. Ropes. $34.
Stores, etc. Dairy Farms, $24% n. Watsons, $5.60 . Der.. A. Wings, $1 n. Lane, Crawfords, $4.15 m. Mackintoshs, $21 n. Sinceres, $10 n... Wm. Powells, 70 cts. Wing On (H.K.) $110
Miscellaneous. H.K. Amusements, $4 m. Entertainments, 57%. D... S.C. Enterprises, $1.80 n. United Theatres, Sh. $14. Macao Greyhounds, $2 Constructions (old), $1.80 m. Constructions (new), 78 cts.
8. E. Levy And Company's Report In their market report. Messra
It recommended that Federal Re-S. E. Levy and Company, corren serve banks supervise the banking vondents for Messrs. White. Weld system, but warned against over and Company. New York state: much Governmental regulation.
"Stocks:--Traders are operating
NEW ADVERTISEMENTS
PUBLIC AUCTION
THE Undersigned, have received
Tinstructions to sell by Publie
Auction
ON
FRIDAY, the 28th Sept., 1934 commencing at 11 am.
at No. 16, Somerset Rund, Kowloon Tong
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
On View from Thursday, the 27th Sept., 1934..
Terms: Cash on Delivery.
LAMMERT BROS.,
Auctioneers.
Hong Kong, 25th Sept., 1934
SPORT NOTICES.
THE HONG KONG JOCKEY CLUB
It recommended the elimination with caution. We still think that jof uneconomic banks and the cli-the market is in a good position' to mination of the Federal deposit reflect any favourable news. Busi-
ness done: 510,000 shares. guarantee as unsound.
It characterised the central bank) "Bonds: -
High-grade and U.S. plan as highly inflationary on ac-Government issues were dall. Buy-DRAFTRY
PROGRAMMES and FORMS for the count that it will greatly extend the ing was lighter and the volume of Government's power to float bonds trading was small, Second-grades EIGHTH EXTRA RACE MEET- at low interost, "while if the re-were slightly better.
ING, to be held on SATURDAY, serve requirements were lifted, all
"Wheat:-Trading was dull. The the 6th and WEDNESDAY, the limits, would
October, 1934 be eliminated." larger visible supply of wheat was 10th
(Weather United Press, per S. E. Levy and prompted by further quidations permitting), may be obtained at the Company.
on the part of tired outside holders. Secretary's Office, Gloucester Build- Local traders bought on unfavour-ling; the Club House, Happy Valley; able Canadian weather conditions. the Hong Kong Club; the Sports Saturday's sales: 7.355.000 bushels. Club; and the Stables, Shan Kwang
Road.
WALL STREET RALLY ONLY TECHNICAL
Attributed To Oversold Anticipated
SPECIAL TO CHINA MAIL..
:
Corn sales: 4,666,000 bushels.
"Cotton: The U.S. Government Entries close at 12 O'clock NOON Bureau reports that cotton ginned on THURSDAY, the 27th Septem- up to September 15 totalled 3.130.-ber, 1934.
By Order,
1797 bales. This is considered
bearish. The heavy cotton ginnings| and freer offerings by farmers sug-
C. B. BROWN,
Secretary.
Hong Kong, 24th Sept., 1934.
(By Telegraph, Copyright, Telegra. gest the possibility of a further de phis Messages Ordinance, 1888, Recline before any material advance ceived September 25, 9.11 ant.)
Weather conditions are XXXXXXXX
joccurs,
New York, To-day. favourable. The rally on the stock market "Rubber:-The action of the last week is now ascribed prin.jsurrounding markets is checking| cipally to the oversold condition jaggressive. buying. and is therefore chiefly technical. 175 Jots."—Reuter.
Favourable factors, yesterday
Total sales:
Market Factors
were that the textile workers re The following telegram was re- turned to work, although employers ceived by Messrs. S. E. Levy and failed to accept President Roose-Co, from Reuter:- velt's peace proposuls, and that the Favourable factors prior to the magazine, "Steel", estimates steel opening of the market:-(1) In- production for last week at 22.6 per creased industrial activity is ex- cent, of capacity against 20.5 per pected this week, as textile mills cent. for the previous week. will re-open. (2) The merger of An unfavourable factor was that the American Railway Association] the "New York Times" business in-and the Association of American | dex is given as 71.9, against 73.5 Railroads is regarded as very con- for the previous week and 78.4 for structive from the point of view of the corresponding period of last the American railroad companies. year-United Press, per S. E. Levy (3) Expectations that uncertainty and Company.
surrounding the activities of the new Control Commission will be shortly removed..
STEEL PROSPECTS BRIGHTER
Seasonal Expansion Anticiuuated
New York, To-day.
(Continued on Page 10)
STOCK MARKET RALLY
Textile Settlement Assures Traders
New York, To-day. The stock market is slightly im
The publication "Steel", in esti-} mating the mill activity last week) at 225 per cent. of capacity, says that buying was not brisk, but the proved. Favourable factors yester- recent upturn is regarded as an in-day were the improved steel pro- dication of a widespread depletion duction and the settlement of the of stocks and a moderate seasonal textile strike.
Unfavourable factors were the expansion in some consuming in- dustries.
Operations in Youngstown this
lack of trading volume and the posi sible gold bloc campaign against
.. week is estimated at 27 per cent. the dollar and the pound. United
of capacity. Prospects of a fur-Press, per S. E. Levy and Company.
ther improvement in the next 10
days are stronger-United Press,
per 3. E. Levy and Company.
.COTTON CONSUMPTION
ATCHINSON IMPROVEMENT
Everything
gone.. BUT YOUR SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
START NOW
UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST,
INC.
Asia Life Huilding. Hong Kong
Tel. 30284
New York, To-day-The Presi- STEEL PRODUCTION INCREASE dent of Mesars. Atchinson, Mr.
Bledsoe, yesterday said that both
New York, To-day-The Steel
the groas and net income of the Institute reports production at 24.2 New York, To-day-The New company, during August, was sub-per cent, of capacity, as against York Cotton Exchange has report-stantially above last year. United 22.8 per cent.United Press,' per ed that for the season ended July Press, per S, E, Levy and Company. S. E. Levy and Company.
31 the world consumption of Indian cotton was 14.5 per cent. above that of the previous year.
Consumption of Egyptian cotton! had increased by, 26.7 per cent. while the consumption of United States cotton had declined by 4.9 per cent.-United Press, per S. E. Levy and Company.
Is It Insured? ?
LOWEST RATES American Asiatic Underwriters Fed, Inc. USA: General Agents
Ch. Govt. 5% 1925 G4Bds.—87%n. Head Office HK Govt 4% Loan 7% prom
HK. Gort 8% Loan -8
Wallace He
Herpera, 73% t
17, The Bund
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, ING. CHICAGO-BOARD OF TRADE
CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK
ICE HOUSE STREET, HONG KONG
Tel. 80101 and 30103
Tel. Andrew: Belco
*
f