BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Bäckorland Caplist congmananasan. $60,000,000 Land" and Vully Paid-up companies. More Fündu
Curting.
Silver
10,000,000
T
£6,500,000 $10,000, DON
Row Liability of Propriators$20,000,000
HEAD OPPIUM; UONOKORG,
DOAKO OF DIRECTONS.
Hon. Mr. C. G. a. Maki
Chairman,
tan Mr. S., Dodwell, Deputy Chairman.
WIDE. Ball Fig
A. Compton, Eng,
F. Xawiak, Eag 2. Balghi, Esq.
AMOT
MANGKOK
MATAVIA HOMILAY QALCUTTA JANTON QUE POU
COLOMBO
DIREN JODULOW PAPUONO
MBUNG
HONGLEW
JANKOW
HARDIN
HUILU
Thou
TOHORE
KOWLOON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
Incorporated by Hoyal Charter, 1858.
BEAD OFFICE: LONDON ́
Paid-up Capital
Reserve Fund
prietors
Reserve Liability of Pro-
Alpe Stur
Amar Bangkok
Balerin
£5,000,000 £8,000,000
THE CHINA-MAIL, FRIDAY, DECEMBER 21, 1934-
Commerce and Finance
COMING COMPANY | MEETING
£3,000,000 China-Light & Power
Company, Ltd.
Agencies and Branches:
Rangoon Salgon Semarang Beremba Bhanghai Singapore OH TA
Ipak
+
Karsent
0. Miskin, Eeg.
Klang
6. Sordo, Zag
Doubey
Kobe
1.2. Pearce, Log
Calcutta
Kapla
Caslon
Lumpat
Cawnpor
Kuching
Car
Miodra
Colombe
Manila
Timtaim
Delhi
Madam
Tongkah
Haiphong
New York
Hambur
Priping
(Peking)
V. M. Oragirars, Lig
Chisi Manager.
BRANCHEA
LONDON
LYORK
MALACOA
MANILA
KUAH (Jokoru)
MURDER
NEW YORK
PEIRINU
PENAXO
HANDKON
BAN FRANCISCO
BAJUUN
KUALA LUMPUR
SHANGHAT
NINGAPORE.
SUURAHA YA
BUNGEI PATANI-
TIENTUIN
TORTO
TRINOTAG
YOROKANA
Correst Accouble opsard in Loos) Currency. cad Fized Deposite rentred for one ... Re shorter perioda in Local Company and Berling
| Hankow
ilarble
Hoan Loại
Bourblys Talping
(Esker) Thinga
Yokohama
Zamboangs
Foreign Exchange and Üeneral Banking business franciel.
The 16th ordinary meeting of shareholders of the China Light & Power Co., Ltd. will be held at the Head Office of the Company, St George's Building, Chater Road; on Thursday next, December 27, at 12.15 p.m.
The balance sheet and accounts to Current Accounts opend sad led Depos be submitted to the meeting show royed for a shoctor, portada ai za balance at credit of Profit and Loss which will be quoted on application.
W. B. K. THOMAS,
Account of $950,750.17, being profit| Acting Manager for the year 1933/4 $781,289.42 Hong Kong, 20th February, 1934.
plus $169,466.75 brought forward from last account. Of this sum a total amount of $164,935.01 is trans- ferred to Reserve Account, leaving a balance of $785,815.16 available for distribution.
SAFETY FIRST ! To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOP! OUR SAFE DEPOSIT VAULT HONG KONG SAVINGS BANK. located on the Mezzanine Floor of
› Härme which will be quoted on application.
Hong Kong, in Aprli, 1994.
The Bufo of the above Tank le condus Mì Bị L HONG KONG AND SHANGHAI
ANTING CONPORATION.
shained on application.
Baina may be
TO THE HONG KONG AND BHANGHAI BANKING CORVIRATION
V. M. OBAYBURN,
Chief Habigor.
Hong Kong. Hih February, 1054,"
THE BANK OF EAST ASIA, LTD. Authorised Captial, omnes *****- #50), BOR,100.00
| 8,695,800.00) Beers and Undivided Prote244,000.00
HEAD OFFICE: HONG KONG..
19, Ben Vur Road Cezirel
BOARD OF DIRECTORS:---
El Shou on bow, Chairman.
Koen Chen, Esq. F. E. Rok, E. Wors Ina Tong. F. Chan Ching Host, Eng., Là la Bax, Ext., Wang Chu Som, Zag, and Kas
f. Eng.
Kan Tong Fo, Esq., Oila! Masager,
The Pong. Baq, Manager,
BRANCHES AND LOENCIES ---
Manila
Bealize
Besla
Melbourne
Вазолгод
Baubez Daleatis
Ba
Bhaaghal
New York
Aingapore
Deska
Gourleys
alphaug
Paris
na
Hackow
byanty
Besolu Kabe
- l'aneng
Tikoku
Rangoon
Flautein
Toksa
FARCONVE
Lodou
Yokohama
Priping.
Saigon
Bas Fraciou
Every doorsy of Banking and Exchange bin sanandlad. ons granted as approved sengritias.
Optrani Aroounts opened in Local Carreno
- Fixed Deposite received for our Feat. OF abortue perlods in Local and Foreign Currenciesi
bury which will be quoted an application. Bale Deposit 30 To Le
KAN TONG PO
Chial Manager.
Hang. Hong, Merah, 1994,
THE BANK OF TAIWAN, LTD:
Head Onco-Talhoku, 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, Yoko- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toen, Karenko. Kagi, Heito, Giran.
China: Amoy, Canton, Foochow Han
kow, Shanghai, Swatow
Our New building is Specially Con structed to provide all of these Im portant Qualities.
You may obtain a Safe Deposit Bor in this most up-to-date Vault' for your own use at a very moderate Ben- Inspection Cordially Invited: THE NATIONAL COMMERCIAL '& SAVINGS BANK, LTD: Corner of los Rooke Stresi and'
Des Voeux Bond, Central
The Directors recommend the de- claration of a dividend of 45 cents per share on the "Old" shares allot- ted prior to October. 1, 1983; and proportional amounts on the shares subsequently, absorbing allotted about $684,818.57; the balance being carried forward to next account:
LOCAL DOLLAR STEADY
Silver Prices Advance
The local
steady, dollár is opening on demand this morning at
THE BANK OF CANTON, LTD.1/8.
Established 1912.
Head Ofee:-Hong Kong. Authorized Capital ..... Paid-up Capital
Total Researces
Spot and forward silver prices have advanced %, closing yester day
at 24-3/16 and: 24-5/16,
$11,000,000 respectively.
3,855,000 The London on New York cross- 32170,492 rate was quoted at £-U.S-84.94%, | Branches: Canton, Tolahan, Shanghat, as compared with £-U.S.$4.94. Hankow, Bangkok & San Francisco.
The New York.on London rate London Bankers: Lloyds Bank, Ltd,
Foreign Exchange and Banking was quoted at £-U.S.$4.94, aS business of every discription trans- compared with £-US$49412. acted.
Current Accounts opened and Fixed
Deposite recetred for De Your OF RAW KUBBER PRICES Ishorter periodu - ak-rates - which will be
¡quoted on application.
Safe Deposit Boxes (various sizes) Latest Quotations From
for hire.
LODS FOOD S
THE
Calet Manage
Singapore
Messrs. II. R. Joseph & Co, have received the following Straits Car rency quotations (Buyers) from
AMERICAN EXPRESS COMPANT, Singapore for Raw Rubber;
INC
:
Head Office: Broadway, New York
Capital Surplus
Reserver
„U:S.$6,000,000.00 2,087,118.69 1,995,528.81
Elaysca Hamburg. Havre Heidelberg Ensarlakan Jerusalem
BRANCHES:-
Amaternamn Antworp
Gand Glasgow
Athena
Hanise Berlin Bombay:
Brex
Bruneia
Cairo
Calcutta
Colomba Соркалари Later
London Liverpool Lucerne Loga
Edinburgh Flocce Geoare
Hole Orle Manila
Hualdl
Others:-Bombay, Hong Kong, London, Can
'New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.
On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 14%. pa, on daily. balance-and-the-rate-for-balance-over $10,000 will be quoted on application (Maximum rate-1%);
Hong Kong Branch
Τ. ΟΗΝΟ,
Kilas Nien Naslo Piraeus Paria Pelpin Filam Belladam Botue Chonghas Вонкавов
Blingapore Tealda
· Toormina - Visca
· Vanjan
Zurlo
Branches of American Express Com
Jan.-March-21: Up April-June-23.3% Up: %-
Market:-Stagnant,
BANKHEAD ACT EXTENSION MEETS WITH FAVOUR'
New York, to-day--Mr. Henry Wallace, United States Secretary of Agriculture, said that 90 per cent. of the voting, farmers ap- proved of an extension of the Bank- head Act and that the Agricultural Adjustment Administration
соп-
sidera extending the production control plan to other commodities besides cotton and.. tobacco. United Press per S. E. Levy and Company.
pany in Principal citien», of United THE CHINA & SOUTH SEA BANK”,
States of America, and Ganada,
Manager.
1
3. Des Voeux Road, Central,
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
Capital (fully paid-up) Yen.109,000,000 Beserve Fund
Yep.124,260,000
Head Office:-YOKOHAMA
Branches and Agencles at:
Alexandria
Batavia
Berlin
Bombay.
Calcutta
Nagasaki Nagoya New York Osaka Parts Cantos®
Peiping Dairen (Dalny). - Rangoon Fengden (Mukden), Rio de Janeiro Haraburg
San Francisco Hankow
Seattle
Harbin
Bonblutd
Hong Kont
Karachi
Hainking
Kobe
London
Los Angeles
Manila
Moji
Shangha Singapore Sourabaya Sydney
All classes of Commercial Banking/ Transactions undertaken:
Personal investment accounts handled.
LIMITED
:
(Incorporated in China)-
Head Office...Shanghai, Capital
Reserve
$7,500,000,00
LOCAL SHARES.
TO-DAY'S QUOTATIONS. The following is the list of local share quotations issued to-day:
Banks.
: $3,500,000.00 Branches All-Important Cities[i: The Company offers, to, intending
In: China
General and Travellers the use of Ita "Travelers Foreign Exchange Cheques and Letters of Gredit and Banking Business transacted
Current and Saving Accounts opened: addition, the world-wide services its thoroughly equipped Travel De- and Fixed Deposits received for one partment.
year or shorter periods at rates whicle will be quoted on application.
BOU Z. CHANG,
Manager. HONG KONG BRANCH: 24 Des Voeux Road, Central. Manager's Office....Tel. 8858E Foreign Exchange Dept. 83566 General Office ***
******» 88587 Cashier's Offee
88509
E. W. DUGGAN.
Manager.
THE WING ON BANK, LTD. HỒNG TONG
Authorized Capital #10,000,000,
Foreign Exchange and Banking Business of every description transact:| Current Accounts opened, Special Deposits received at special rates, and: Tientain
Fizod Deposits received for one year. Tokyo
or shorter period; at rates which will Tringtas |be quoted on application. Posl Yingkow
Safe Deposit Bozka: (various sizes) rrent Abfor, atrast
* PHILIP GOCKCHIN
Chief Manage... GOCKCHIN Assistant, Mazayor
Interact allowed Deposita received for fixed periods zaten to be obtained on application
G. KISHINAMTA Hong Kong, 11th September, 1934
· LL SHU-FONG.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up $5,000,000. Reserves (2.2. $7,000,000. Capital Savings Dept. $300,000, Reserve Bavings. Dept.. $600,000. Head, Offico-Bhangbal
A Bank Laying as its mission the Industrial development of: China and the fostering of her commer- cial relations abroad.",
Hong Kong offen--7 Les Honner St.
H.K: Bank $1620 b H.K. Bank (London) £1371⁄2., Chartered Bank £18 n. Mercantile Bank, A. & B. £82 n. Mercantile Bank C. $18. Bank of East Asia, $98 n. Am: 0. Finance Corp., Sh. $20 China O Fin, Ordi, Sh: $1.80 n. China :0. Fin: Pref Sh: $4% n.
Insurances.
Canton Ins., $2701n: Union Imo $500 b. China Underwriters $1.15b. China Fire Ins., 3510 m. H.K. Fire Ins., $287.n. International Assce. Sh: $5 n.
Shipping.
Douglases, $401⁄2 - n. H.K. Steamboats, $71⁄2ım. Indo-China's (Pref:), $801m. - Indo-Chinas (Def.), $58′ ni. Shells (Bearer), 44/41⁄2 n. Union Waterboats, $18% n.
Mining.
Antamōks 76 ́ets, sa. Balatocs, $87, n. Bagule Gold.40-ets. n. Benguet Consolidated $19%, n; Benguet Exploration 21.cts. ma Benguet Goldfield,,20.cts. n. Big Wedge,,10 cta. 1. Göld Greek 23. cts. n. Gold Rivers 24.cts. sa.
Ipp Mining. $1. n. Itogans 40 ète. n. Salncots:16 cts, a. Kailan $20 n.
Langkate (Single) Sh. $15. n. S'hai Exploration Sh. $5.n.. S'hai Loans, Sh. $6 n. Rauba $10.70 n.
Venz; Goldfield $5 n.
Decks etc.
COLONY TRADE
STATEMENT
And
Exports
Imports
Again Decrease
OFFICIAL FIGURES
DEPRESSING SPIRIT · ON WALL STREET
Attack On Utilities Responsible
BEARISH LONG-RANGE VIEWPOINT
The Statistical Office of the Im- ports and Exports Department re-
New York, to-day. ports that during the first eleven
The continuation of the attack com months of 1934, Imports of merchan utilities is depressing sentiment on dise into the Colony, of Hong Kong Wall Street, most traders believing totalled $877.7 millions (228.4 mil-in the persistence of the Adminis lions), as compared with $464.tration's anti-utility, attitude and, millions (£31.3 millions) in the therefore, adopting a very bearish corresponding period of 1989: long-range viewpoint: decrease in terms of Hong Kong
Favourable factors were: currency of 18.6 per cent; whilst (1) The Federal Reserve Board Exports of merchandise. were valu-has reported New York department .ed at. $296.7 millions (£22.3 mil-store sales for the first half of
lions) as compared with $375.1 mil- December at 12.7 per cent above' Ilona (26.3 millions) in the corres December last year, the largest gain ponding period of 1938: a decrease in several years.
in terms of Hong Kong currency of (2) November cigarette produc- 20.9 per cent.
tion totalled 9,727,429,603 cigarettes Figures for the month of Novem-against 6,835,038,693 last year, ber; 1984 show that imports of An unfavourable factor was that! merchandise into the Colony the retail trade is expected to show amounted to a declared value of)
a sharp decline next week. $38.8 millious (£3.2' millións), compared with $40.6
ANEW ADVERTISEMENTS
ANNUAL DRILL DISPLAY
DIOCESAN GIRLS' SCHOOL JORDAN ROAD KOWLOON at
3. P.M. TO-DAY & TO-MORROW
ECONOMIST ON US.. MONETARY POLICY
Currency Inflation By Loans
HALT MUST BE CALLED TO EXPENDITURE
SPECIAL TO CHINA MAIL.
New York, To-day. The leading economist, Mr. E.- W. Kemmerer, in a speech yes
S. E. Levy And Company's Reportlerday declared that the United millions In their market report, Messrs. States was already knee-deep im (£2.9 millions) in: November ofs. E. Levy and Company, corres- inflation: 1938: a decrease in terms of local pondents for Messrs. White Weld
He said that the Administra-- tion'a į currency of1 4.4 per cent:
and Company, New York state:
monetary uncertainty Export of merchandise totalled
"Stocks: While unfavourable de forced the banks to absorb $29.5 millions (22.4 millions); as velopments in the utility situation 60 per cent. bank holdings of Government loans, and now the compared with $33.7. millions (£2.4 hold the spotlight, the market is millions), a decrease in terms of finding difficulty in making head: such, securities were constituting; {local currency of: 12.8 per cent;
inflation. (way. Business done:-880,000! The following table shows com shares.
"Loans do not represent parative figures of imports and ex- "Bandar US: Government Bonds ernment's unlimited borrowing ordinary. eurrency, but the Gov- ports of Merchandise and Treasure were easier.. High grade issues capacity, which drives: down the during the months of November. were dull but firm, and second grade value of money, which is infla
Utility bonds tion." He deplored the rapid
1934 and November, 1983:-
IMPORTS
Nov. 1984: Nov. 1933 Merchandise $88;817,414 $40,661;833|
iespea, were easier, were weak..
(Continued on Page 10.)
growth of the national debt. "If we are to avoid serious inflation," he said. "expenditures. must be
Treasure $ 8,538,035 $4,631,431 INDICTMENT OF reduced, taxes increased; and the
Total
$47,355,449 $45;093,264
EXPORTS
Nov. 1934: Nov. 1933. Merchandise $29,474,552 $35,721,671 Treasure
Total
- $14,605,318" $18:842,039 | $44,079,866 $42,578,610
MONTHLY, FLUCTUATIONS
budget balanced. We are drift
GOLD CLAUSE.ing with the inflation current
Anachronistic Relic
Of Dual System
"SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra: phia Messages Ordinance, 1894, Ka Since November, 1933, total Im-ceived December 21, 3.81 a.m.),
H.K. Wharves $1091⁄2 6., $111.9. ports of merchandise into Hong H:K. Docks, $12%/n.
Providents.(old) 81:40 n. Providents (new), 50 eta. n. Hongkews, Sh. 8810' ■. New Engineerings, Sh. $53⁄4 n.. S'hai Docks Sh. $120 n.
Cotton Milla
Ewo Cottons. Sh. 89′n. S'hai Cotton (old) 374'n. Shal Cottons (new) $44% n. Zoong Sings, Sh. $9:40 n. Wing On Textiles, Sh. $55 n.
Landa, Hotels; etc. HiK, and S. Hotels $5.10 n. HK. Lands $551⁄2-na
HİK. Landa 4% Debentures-100%.
D.
Washington, To-day, Kong fluctuated from the lowest The Attorney General, Mr. Hong Kong dollar value (29.6 mil-Homer S. Cummings' briefs lions) in February, 1984. to the which were yesterday presented highest (40.6 millions) in Novem to the Supreme Court, contended ber, 1933; whilst Exports fluctuat-that the Gold Clause was a rélici, ed from $22.2 millions in February, of the days when the United 1934, to $33.7 milliona in. Novem- States had a dual monetary sys- ber, 1938.
tem fluctuating in terms of one
Imports Exports November $40,561,838 $33,731,571.
1934
1
and only an about-face-will save us from the rapids."-United Press:
FAR EAST AND U.S. ECONOMICS
Silver Discussions With Ministers
SILVERITES DIVIDED
SPECIAL TO CHINA MAIL.
Washington, To-day. Mr. Cordell Hull, United States Secretary of State,, disclosed that
The figures are given below, with another. the sterling equivalents, at average. He said that the Gold Clause during the visits of Mr. Nelson T. was a serious impediment to the Johnson, United States Minister to rates of exchange, in brackets:
1933
Government's inherent power to China, and of Mr. William C. regulate currency. United Press, Bullitt, United States Ambassador (£2,852,004) ($2,871,751)
to Russia they discussed the Far December $86,841,971. $27,9941496.
CHRYSLER RAISE PRICES
Eastern aspects of silver, and" (£2,600,045) (£1,975,658)
economic subjects, but nothing new, New, York, Yesterday. Chrys-Į January $32,649,352, $27,39,494 ler has announced that prices of pr important developed. Shanghai Lands Sh. $241⁄2 n.
Lo In response to inquiries as (£2,390,343) (£2,011,480) 1936 Plymouth models will be whether China had sent any new Metropolitan Lands Sh. $12.20' n.
Unit- Humphreys $9 n
February $29,591,425 $22,223,746, from $15 to $25 higher. HK. Realties $5.10 b.
(2,211,651) (£1,660,994) ed Press, 'per S. E. Levy, ano. Co. notes, Mr. Hull said there were occasional exchanges on economic Asia Realties "A", Sh. $100Ƒn.
$33,638,848 $27,867,023
subjects but declined a flat answer. Asia: Realties:"B" Sh$20:D.
Meanwhile the silverites con- Chinese Estates $88 0.
tinue divided, Senator King saying China: Realties, Sh. $121⁄4 n. China. Debentures 3h. $136 n.
· Public Utilities H.K. Tramways $20:10: b..
Peak Trame, (old) $12 m Peak Trams (new); $7 n. Star Ferries $981 bə Yaumati: Ferries $2214 n. C. Light (old) $10.40.b C. Light (new) $10.15 h. H.K. Electrics $713⁄41⁄4%. b. Macao, Electrics, $25 m Sandakan Lights. $8: m. Telephone: (old). $251⁄4 bi› Telephone (new) $10.601b; Chins Buses,, Sh. $12.40 n.. Singapore, Tractions 4/8.b.. Singapore Pref. $17/9 n.
Industrials Malabon Sugars, 38.70 n. Cald: Macg. (Ord:),. Sh...$21: n.. Cald: Macg: (Prof.) $20 ́n. Canton, Ices: $2.85) bɛ; "Cementa $280, n. 10
H.K. Roper $4:10ṣn.. Stores;: ete. Dairy Farme $24 m Watsons 85 a. Lane, Crawfords: $3.75 n. Mackintoshs, $21 mi Sincerès $8-ins -
Wm. Powells; 70 cts,n: Wing On (H.K) 8105 Miscellaneous
H.K. Amusements, $2% n. Entertainments, 873% n. S.C. Enterprises, §1, n. ¡i Macao "Greyhounds," 12 n.. Constructions (old) $2.n. Constructions (new) 75 cta. b. Vibro Piling $6.60 n. C
-
(£2,522,914) (£2,090,026) FORD, TRUCKS UP IN PRICE $82,127,812 $26,511,120,
(£2,342,638) (£1,035,290)
$82,799,925 $27,022,079:
March
April'
May
June
July
$29,705,534 $23,240)797;
August
$89,724,787 $27,788,719*
#
New York, To-day-Factory that no new legislation is necessary, (£2,239,161) (£1,885,916) price lists for Ford trucks are and others urging a 16 to 1 ratio.
from $15 to $21 higher - Unit- United Press par S. E. Levy, and, $84.884,795 $26,068,095d Press, per S. E. Levy and Co. Company.
($2,485,608). (£1,859,730);
(224181,500) (61,708,746) Business Optimism In U.S.
($2,939,704). (£2,091,391). September $37,153,862 $29,482,184
October
A New York, today. 1 The Annalist says an important Moody's state that laat week's readjustment of the general level of (42,888,294) (£2,284,060) reaction in stocks la fundamentally stocke is dependent on the expansion $36,721,817 $29,655,684 insignificant im as muchas the broad of general business activity, while Standard Statistics is certain that picture remains unchanged. (£2,983,648) (£2,409,524) November $38,817,414 $29474,552 The statistician, Mr. Hoger Ward common stocks are attractive at pre- (43;104,024) (£2,402,183) Babson,, says that although Utilities vailing rates. American business is Mean rate of Exchange for refect the confusion and uncertain- anticipating 1985 with a confidence November, 1934) H.K$=18. 79/16d: ties of the present, conflicts this, is and optimism not manifested for no lime, to sacrifice. Ut|lifies: Indias five years.~United Press; per §. EL. criminately.
DOWNWARD DRIFT ON WALL
STREET EXPECTED
New York, To-day. Wall Street was moderately active and narrowly irregular. Some sup port appeared here and there. but, with utilities again under pressure and confidence undis- turbed, a further downward drift would not be surprising: - Unit ed Press, per S. E. Levy and Co.
Insured?
Insurance = "All" Clanica
LOWEST RATESWA American Asiatic Underwriters Fed In USA General Agents.
Ch: Govt. 5% 1925 G3Bds-92% Head Office
H.K. Govt, 4% Losn, 8% prem, b., 17, The Hung
Govt. 82% Loan 8% Shan-kai
Wallace Harpers V
JIK: Office Asia Life Building
Levy and Company;
S. E. Levy & Co.
UNDERWRITØRS: 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" CANADIAN COMMODITY EXCHANGE, INC.
CORRESPONDENTS FORE
WHITE
WELD & CO NEW YORK
AN TICH HOUSE SDT, HONG KONG
Tel. 30234
Tel, 20101 and 30108
Tel: Address: Belco