BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Caplial "Loosed and Fully Pald-up

Bonarra Funda :-

Qeling

Biver

* $40,000,00

50,000,000

£6,500,000

and $10,000,000

Hos Lability of Propriators0,000,000 BEAD OFFICE, HONGKONG.

BOARD OF DIRECTORS,

Hon. Mr. C. G. 8. Mackie

Chairman,

8. II. Dodwell. Exq, Deputy Chairmas.

Hon Mr.¡W. 11._Bell, All. Ooplo, Eg 3. Keswick, MAG. 1. 1. Knight, Reg.

3. M.

ANOT BANULOS

BATAVIA

BOMBAY

· CALCUTTA

CANTUN QUEFCO COLOMBO

WOOCHOW KAIPHONG XAM BUO

MANKOW

HONGLEW

HARBIN

ILOILO

пон

JOHORE

LGB

KOWLOON

6. Mlebis, eg,

KH. Morrison, Kag- →T. K. Pouros, Lagu

Ongburn, keg. Chie! Manager

BRANCHES

LONDON LYUNN MALACCA

MANILA

MUAB (Johors)

MURDEN

NEW YORK

PEIPING

PENAKO

RANDOOM

SAIGON

BAN FRANCISCO

KUALA LUMPUB

SHANGHAI

BINGAPORK

SOURABAYA

BUNGEI PATANI

TIENTSIN

TOKYO

THINGTAO

YOKOHAMA

Darrent Accouale opened la Local Oranty tal Fixed Depozita frosived for aus ganz s ahorsee perioda in Locs! Company and diseling on term which will be quoted on application, Flong Hoe 19th April, 1994.

HONG KONG SAVINGS BANK.

THE CHARTERED BANK OF INDIA, AUSTRALIA '& CHINA.

Incorporated by Royal Charter, 1868,

1

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund:

Reserve Liability of Pro-

prietors

Alor Biar Amritsar Bangkok

Bombay Calcutia Cantos

.£3,000,000 . £8,000,000.

.£3,000,000

Agencies and Branches:

Foot

is Asobi Klang Kobe Kusia

THE CHINA MAIL, WEDNESDAY, JANUARY 9, 1935

and

Commerce

Finance.

BRITISH BANKING IN 1934

"Big Five” All Show Increased Earnings

DIVIDENDS MAINTAINED

m

The Badhoes of the above Bank is cool

beth HONG KONG AND BANUBAI BANKING CORPORATION. Hules may be eblaived an application.

FOR THE HONG KONG AND HANGHAI BANKING CORPORATION.

Y. M. GRATBURN,

Chief Massger

Roog Kong, 6th February, 3904.

THE BANK OF EAST ASIA, LTD.

· Cawnpore

Caba

Onlara be Dalhi

tialphona Напоите Hankow Herbis

Xucking Madra

Mada New York

Pelping

(Paking) Tising

Hapgoob Balro Bemarang Beremben "Shanghal

Singapore Hiliwan Bourabaya Taiping Thalia Toughsh **(Bhokar) Tajnglas Yokohams

Zamboanga

London, to-day.

The last of the big British banks announced. their results yesterday. All of the "Big Five" show increased earnings for 1934, and dividends Färdiga Karaange sul General Bucking busines are in every case maintained. irspaced,

Cura Accounie opened and Pized Deposite} Of the three banks whose balance- received for me year or skerler periods as raisesheets were published yesterday, the which' will be queiad so application,

A. BREARLEY.

Westminster Bank declared an 18 Manager,

per cent, dividend the Midland Bank Hong Kong, 1st. January, 1935.

16 per cent, and the National Pro- vincial Bank 15 per cent,

Authorized Capita$16,000,000.00 Paid-up Capital 55006/07.01. Bevers and Undivided Prošle 9,434,900.00 HEAD OFFICE-HONG KONG

17, Des Vast Road Central

BOARD OF DIRECTORS |—

Bir Blouson Chor, Chairman.

La Kooo Chus. Eng., P. I. Kwok,_X447 WODE Toog. Eng., Chan Ching Bhak, Kag., "Id' Lan

I

Sang Leg Wong Chu Boo, Eaq, and Kax Xing

anton

Kan Tong Po, Faq.. Cilat Manager.

LI The Fong, Faq., Manager.

BRANCHES AND AGENCIES:→

Brya Senio

amoy

Eetba

Manila Melbourne -Bagnenki

Baile

Carang

Shanghal

Cale

New York

Ovaka

Balphong

Perin

Pelplog

Foring

Rangoon

talgoo

Hashow Banola

Kewicoa

bydney

Telbou

Tieniela

Tokyo

San Franské“ •VADGON VIE

SAFETY FIRST !

To Safeguard Your Valuables and Jewelleries. Deport them in a Vault

that is really FIRE-PROOF BURGLAR-PROOF DAMP-PROOF 1-

OUR SAFE DEPOSIT VAULT

On the Stock Exchange bank shares closed firm, following these announcements.-British Wireless

Service.

LOCAL DOLLAR STEADY

located Our New building is Specially Cón- structed to provide all of those In- portant Qualities.

on the Mezzanine Floor of Silver Prices Decline

The local remains unchanged this

.

You may obtain Safe Deposit morning, opening on demand at Box in this most up-to-date Vault for 1/8%. your own use at a very' moderate Ben- 1al.

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

THE BANK OF CANTON, LTD.

Established 191%

Head Offees-Hong Kong.

Authorised Capital $11,000,000 8,655,000 82,170,492

*

Paid-up Capital

Total Resources

Every description of Bending and Zrakange business transacted. Lonen granted ́s approved

Carpent

Arastuta "opened In Local Cutrone

A Fixed Depoolte repulsed for oos For skartar periods, la Local and Foreign Currencies

torne which will be quoted on application, Bale Deposit Got To L

KAN TONG TO,

Chla? Managut.

-Hong Zoo, Jet March, 1984.

THE BANK OF TAIWAN, LTD.

Head Office:--Taikoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Nota

Issued Average amount Y.45,000,000

Branches and Agencies.

Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Shinohiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko, Kagi, Heito, Giran. China-Amoy, Canton, Foschow, Han-

kow, Shanghai, Bwatow. Others:-Bombay, Hong Kong, London. New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.

On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 136% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate—1),

Y. OHNO,

Manager.

Bong Kong Branch

3. Des Voeux Road, Central.

THE YOKOHAMA SPECIE BANK LIMITED.

Established. 1880

Spot and forward silver prices declined, being quoted at 24 5/16 and 24 7/16, respectively.

The London on New York cross- rate was quoted unchanged, at U.S.$4.91%.

The New York on London rate was quoted at -U.S.$4.914. compared with £U.S.$4.91%.

LONDON SILVER

London, to-day.

AB

London Silver-Spot 24 5/16 down 4. Forward--24,7/16 down

Branches: Canton, Tolshan, Jhanghai, Hankow, Bangkok & San Francisco. 14: London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking fall of prices is chiefly due to China,

London Silver

Comment: The

business of every discription trans India and speculators selling

acted.

Current Accounts opened and Fixed America bought. Deposita recetred for one year or steady. shorter periods at rates which will bej quoted on application.

Safe Deposit Boxes. (various missa) for hire.

LOOK TOONG SHAN,

THE

Chief Manager.

*

AMERICAN EXPRESS COMPANY,

INC.

Head Offee-65, Broadway, New York

Capital Surplus Reserves

.U.S.$6,000,000,00 2,087,112.69

.... 1,995,528.31

Market closed

of diphtheria were reported in the One case of small-pax and one case Colony during the 24 hours ended Janu

ary 7.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE!

35, Grachurch Street, Londen, E.0.A.

Authorised Capital. ....£3,000,000

Subscribed Capital

Paid-up Capital

Reserve Fund & Rest

BANKERS:

1,800,000

1,050,000

1,247,482

The Bank of Eagland & Midland Bank, Ltd.

Bangkok

BRANCHES:

Bombay

Amala Actwerp Albons

Dacon Glugre

-Milan Nice

[200

Dalbi

1ÅBIDES

Baktre

Barlin

Dowbay

Breid Nauls

T Barans Hamburg Harre Elaidelberg Intaliskan

·JuctionJaco Loodan ¡LATerpal

Naple

Gelly

Pirasa Faris

Hong Road Eora

Fetpia;

Prictme

Retterda

Elit

Lorna

Catra Calcutta นอกจน Colombc Copenhagen Laskor Stublic

Lugabo

Edinburgh Monte Carlo Place Qenays

Mamolilas

Miniis

Kenich

Montreat

Bhigh Bortbathpics Вадиром Tisotilu Ticormina

Vionne Vendor Yokohama Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personal Investment accounts handled.

BRANCHES:

【pah

Kand

лото

New York

POMADE.

MARTIUM) Kusin Ipix

Kangooo Kuala Lumpur **Shanghal Kmanies (Fabang)' - Bimla

Singapore

KONG CONG BEARLTI Every description of Banking and Zicharge bl

mess transated.

· Trevallars Chaque imaad,

Trustee and Executorships under-

taken.

INTEREST allowed on Current Accounts and Flund Deposita að Rašas that may be ascertained on application.

J. B. BO36.

Manag

†, Queen's Bond' Ostiral.

Hong Kong, 12th June, 1984

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

The following in the list of local stare quotations issued' to-day:

Banks

H.K. Bank $1620 n. H.K. Bank (London) £1383⁄4 n. Chartered Bank £15% n. ́. Mercantile Bank, A. & B. Mercantile Bank C. 8181⁄2 n. Bank of East 'Asia: $90 n.. Am: 0. Finance Corp., Sh. $20 n. China O. Fin, Ord., Sh. $1.80 n. China O. Fin. Prof 8h. $43⁄41⁄21⁄2 ̧n.

Insurnaces, Canton Ina. $275 n. Union Ine. $500 b. China Underwriters $1.20 5. China Fire Ins. ·8520 E. H.K. Fire Ins. $240 s, International Assce. Sh. $5 n.

Bhipping.

:

Douglases, $40 n.. H.K. Steamboats, $74 D. Indo-Chinas (Praf.), $80 n. Indo-Chinas (Def.), $88 m. Shells (Bearer). 48/111⁄2 n. Union Waterboats. 18% n.

Mining.

Antamoks 88 cts..b., 854/88 aa. Balatoca $38 b.

Baguio Gold 40 cts. n. - Benguet Consolidated $141⁄4 n. Benguet Exploration. 20 ets, B. Benguet Goldfield, 20 ctɛ. n. Big Wedge, 10 cta. n: Gold Creek 37 cta. b. Gold Rivers 21 cts. n. Ipa Mining $1 n. togans 42 cts. n.

Salacots 16 cts. n.

Kailan 19/ n,

Langkats (Single) Sh. $15 n..

S'hai Exploration Sh. $5.

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

Raubs $104 n.

Venz; Goldfield $5 in.

Docks, etc.

NEW YORK STOCK MARKET

Still Optimistic For Future Business

GOVERNMENT AND OTHER

BONDS STEADY

OIL TAX REFUND CANCELLATION

NOT PROMPTED BY LOAN PROSPECTS

$2.00 "OIL SUBSIDY"

From Our Own Correspondent]

Canton, Yesterday.

NEW ADVERTISEMENTS

THE HONG KONG JOCKEY CLUB

ANNUAL RACE MEETING, 1935

NOTICE

ANTRIES for the above will close

E

it 3.00 p.m. on SATURDAY,

General optimism prevails on the New York stock market, traders oil tax on Chinese all refining com- being apparently unafraid of ad-panies, the Provincial Department verse effects resulting from the of Finance is not prompted by pros- huge Dudget deficit.

pects of securing a loan from for- Reports show a definite improve-eign companies; a high official of ment in the motor industry and the Oll Tax Bureau sald last night. The official admitted that owing telephone business, while there are cotton, fears of Government sell-to the suspension of the rebate the number of native oll companies has ing being now removed....

In cancelling the partial refund of 12TH JANUARY, 1995.

By Order of the Stewards,

C. B. BROWN,

Secretary. Hong Kong, 39th January, 1995.

CONSIGNEES NOTICE.

THE BEN LINE STEAMERS, LIMITED.

From LEITH, MIDDLESBRO', ANTWERP, LONDON AND STRAITS.

The Steamship,

"BËNVORLICH"

8. E. Levy And Company's Report been reduced from 160 to less than In their market report, Messrs. 90. He added that the Provincial S. E. Levy and Company, corres-Department of Finance is trying to pondents for Messrs. White. Weld assist the Chinese oil refineries in and Company, New York state; some other way, but unfortunately "Stocks: While the action of les-no concrete plan has been mapped ders to-day, such as motors and out.

$700,000 COLLECTED steels, suggest the possibilities of

During 1984 the total revenue some intermediate reaction, we still

Consignees of Cargo are. hereby in from the oil tax amounted to over formed that all Goods are being landed remain optimistic for the longer $4,000,000, the official continued, at their risk into the hazardous and/or trend. Business done:-1,190,000

and the best month was. In Decem. extra hazardous Godowns of The Hong shares.

Kong and Kowloon Wharf & Godown "Bonds: U.S. Government bondeber when over $700,000 revenue was Co., Ltd; whence and/or from the

collected. were slightly higher. High grade)

wharves delivery may be obtained. The tax on kerosene oil is $3.00 No claims will be admitted after the issues were steady, while juniors: and second grade issues wore steady national currency for every 10 gal-Goods have left the Godowns, and all fons both on foreign and Chinese 16th January, 1935 will be subject to Goods remaining undelivered after the to easier at the close.

"Grains: The market was a trading refund $2.00 to the Chinese tax-

concerns, the former practice was to rant.

All claims against the steamer must affair. Wheat: Total sales:-20,-

payer, and this was known as the be presented to the Undersigned on or 970,000 bushels; Corn: Total sales: "oil subsidy." Now the Provincial before the 30th, January 1935 or they -11,408,000 bushels.

Department of Finance abolishes will not be recognized. "Cotton: The official announce the refund and collects the full rate Warehouse Regulations consigness must To comply with the General Bonded ment, removing the fear of Governon Chinese oll companies.

have a Revenue Officer in attendance ment selling, and the strong holding

It was rumoured that the provin-when damaged dutiable. goodé - are movement by farmers, indicate cial government desired to borrow examined. higher prices.

$10,000,000 from the three leading Goods are to be left in the Godowns, All broken, chafed, and damaged "Rubber: There was considerable foreign oil companies and that to where they will be examined on profit-taking which was well ab induce them to lend this amount the 15th January, 1985 at 10 a.m., by. sorbed by outside interests. Total subsidy" to Chinese companies was Messrs. Goddard and Danglas. sales:-471 lota."-Reuter.

abolished. This loan has, how- The following telegrams were re-ever, failed to materiallae. ceived by Messrs. S. E. Levy and Co. from Reuter

Favourable factors ruling prior to EXPENDITURE UP,

REVENUE DOWN

the opening of the N.Y. markets in- cluded: (1) Increased mill 'opera- tions. (2) President Roosevelt's Budget message is generally con-

H.K. Wharves $110% b., $112% sidered to be constructive.

5., $111 sa.

H.K. Docks, $12% n. Providenta (old) $1.40 sa. Providents (new), 50 cts. n.

Hongkewe, Sh. $808 n

New Engineerings, Sb. $54 n. S'hal Docks,. Sh. $120 n.

Cotton Mills.

Ewo Cottons Sh. $8.70 b. S'hai Cotton (old) $74 n. S'hai Cottons (new) $44% n. Zoong Sings, Sh. $9.40 m. Wing-On, Textiles, Sh. $56 m.

Lands, Hotels, etc. H.K. and, S. Hotels $5% n. H.K. Lands $5914 a., $53 sa. H.K. Lands 4% Debentures 100%

Shanghai Lands Sh. $241⁄2 n. Metropolitan Lands Sh. $12.20 Humphreys $9%.n. H.K. Realties $511⁄2 n. Asia Realties."A"; Sh. $100 n.. Asia Realtles "B" Sh.$20 m. Chinese Estates $88 n. China Realties, Sh. $124 n. China Debentures Sh.$128 n.

Public Utilities

H.K. Tramwaya $20%1⁄2 n. Peak Trams (old) $12.n. Peak Trams (new), $7 n. Star Ferries $100 n. Yaumati. Ferries $22 n.. C. Light (old) $10.45/45 sa. C. Light, (new)

H.K. Electrice $121⁄4 bi Macao Electrics, $25 m. Sandakan Lights $8 n.

THE CHINA & SOUTH SEA BANK, Telephone (old) $25.80 a.

* LIMITED

(Incorporated in China) Head Office...Shanghai Capital

Reserve

Unfavourable factora:-(1). The likelihood of renewed unsettlement

in the oil industry: following yeater-

British Exchequer Returns

London, To-day,

by,

the

No Fire Insurance has been effected, Bills of Lading will be counter-signed

GIBB, LIVINGSTON & CO., LTD.

Agents, Hong Kong, 9th, January 1935.

COMMODITY PRICES

The following quotations bare been received by Messrs. S. E. LATY. and Co., and the A:O.F.C. DA,

Jan. 7. Jan. 8. Closing Cloning

12.55 12.69

day's Supreme Court decision In-The Exchequer returns for the validating the National Recovery past week show that during the New York Cotton:- Administration's oil control clause. current financial year, the total January Wall Street was moderately active ordinary revenue, exclusive of self- March and steady with minor fractional balancing revenue, amounted, at May gains and losses about evenly divid-January 5, to £480,667,802, which is July ed.

£6,451,568 less than the amount col- October (1985). Oils were under moderate pres-lected at the corresponding date December

last year. The expenditure for the Spot. Meanwhile, with favourable indus- same period, exclusive of self- New York Rubber:-- trial news bolstering sentiment, balancing Items, was £544,138,080, January further selective buying is anticl-which exceeds the amount expend-March pated,

ed, at the corresponding date last May ... Westinghouse has declared a year by $10,842,830,--British Wire-July [dividend of a quarter share of Radiojless Service.

September Corpn. common stock for each

sure.

n. Westinghouse common

October

share and RAW RUBBER PRICES Chicago Wheat: also for each preferred share, but

May with an optional dividend of $8.50

July

on each preferred share...

New legislation to regulate the production of crude oil and ship-

Latest Quotations From September

Singapore

ments of legally produced oil will Messrs. II. B. Joseph & Co. have July be sought by Senator Ickes, Secre-received the following Straite Cur- September

12.65 12.69 12.73 12.76 12.82

$12.78

12.62.

12.63

12.68 12.67

12.85

12.90

13.74

13.70

19:94 18.91

14:18

*14.18.

14.85 14.82 14.54 14,51 14.68

14.63 14.61

1014101

94%

*03%

92%

92%

[Chicago Corn:

May

91%

91%

80%

863

834

-84/2

tary of the Interior, following yes-rency quotations (Buyers) from Winnipeg Wheat: terday's decision by the Supreme Singapore for Raw Rubber:

May.

84

844

Sport 21 % down ...

July

84/2

·84 Old New New

New York Sugar:-

March

1.95 1.89 1.86/86

May

1.98 1.94 1.89/689

GOVERNMENT STOCKS IN STRONG DEMAND

July

2.01 1.98 1.83/93°

September

2.04 2.02 1.97/97

New York Silk:- March

1.372 1:87

1.88.

1.88%

1.88

1.89

$54.90

64.70

65.20b 55.18

Court, which Senator Ickes said would mean a marked decline in oil prices.

General Motors anles to customers in the United States for December were 41,430 units; sales to dealers In the United States were -28,844 units; world sales to dealers were 41,594 units compared with 11,951; 11,191 and 21,295 units respectively for last year

April-June 24 1⁄2 down July-Sept. 25% down Market Steady.

London, to-day-British Govern May. ment stocks were in strong demand July

The Bell System reports an in- yesterday. War loan 81% per cent. Montreal Sliver crease of 21,200 telephones for touched 110 and closed at 109%, March December as compared with 18,000 Consols 2% per cent were half up May telephones for December of last at 98% and others also row sub July year, while the New York Telephone stantially.—British. Wireless Service. September Co. lost 34 telephones against 16 last

Telephone '(new) $111⁄2 n. China Buses, Sh. $12,40 n. Singapore Tractions 4/6 b. Singapore Pref. $17/9 n.°

Industrials Malabon Sugars, 38.70 m. Cald: Macg. (Ord), Sh. $20 Cald: Macg (Prof.) Sh$19% n. year." and General

Canton Icos $2.85 i." Cements $1.90 b, $1.80 ́sa H.K. Ropes $4 n.

$7,500,000.00, $1,500,000,00 Branches ...All Important Cities The Company offers to Intending

in. China Travellers the use of its #Travelers Foreign Exchange Cheques and Leiters of Credit and Banking Business transacted. Capital (fully paid-up) Yen.100,000,000 in addition, the world-wide services Current and Saving Accounts opened Reserve Fund

...... Yen.124,250,000 of its thoroughly equipped Travel De- and Fixed Deposits received for one

partment.

year, or shorter periods at rates which BARll be quoted on application. E. W. DUGGAN, DA

SOU Z, CHANG, ".. Manager

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central, Manager's Office. Tel. 88565 Foreign Exchange Dept 18555 General Offen Cashier's Office

Head On: YOKOHAMA

Branches and Ageneles at:

Alexandria

Batavin

Berlin

Bombay

Canton

A Nagasaki

New York

Negoys

Osaka Paris

Priping Dairen. (Dalny) Rangoon Fengtlen (Mukden)^ Rio 30 Jeneiro Hamburg

- San-Francisco

Beattle Semarang Shangha Hingapore

Hankow Harbin Но ког Нолотки 44 Helaking

Karachi

Kobe

London

Los Angeles

Hoji

Boerabaya

Sydney Tientsin

Tring

THE WING ON BANK, LTD. HONG KONG

"Authorised: Capital $10,000,000

Foreign Exchange and Banking Business of every description transact,

Current Accounts opened, Ep Deposits received at special rat Fixed Depoelte received for or shorter period at:raten be quoted on application.

Safe Deposit Boxes (vario

HIN

89587 38569

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED. (Incorporated in China)

:$5,000,000. $7,000,000;

Dept

Stores, etc Dairy Farms $241⁄4 n. Watsons 35ATUR Lane, Crayfords $3.75 n. Mackintoshs, $21- n.. Sincerea $8 n. Wm. Powells, 70 cts. n. Wing On (HE) $105 Miscellaneous

H.K. Amusements $1.85 x Entertainments, $74 m 8.C. Enterprises $1.85 n. Macao Greyhounds,” $2 Constructions (old), $2 n. Constructions (new) 65 cta. b., 70

Vibro Piling:16.60 n.

"Govtä 5%^1925 (G$B4%92%

ovi 4% Loan, 8%

«We understand that Government selling of cotton is definitely drying up.

A message from Washington re ports that the Government will pro bably not hedge above-200-bales at the present lovela.

(Continued on Page 10)

As It Insured? ?

Insurance All Clamee?

? LOWEST RATES V American Asiatic, Underwriters

Fed. In USAVA

General Agenta":"

H.E. O

50.15 66:00 59.500

S. E. Levy & Co.

UNDERWATERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT

AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE

ITY, EXCHANGE," INC.

BOARD OF TRADE CANADIAN COMMODITY, EXCHANGE, INC",

ESPONDENTS FOR

LD & CO. NEW YORKS

V ICE HOUSE STREET, HONG KONG.

86,50

Hong Kong, 10Y

LI BHU FONDSI

Harpers

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