Vinys(1

Seller

العامة

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers' Association

SATURDAY.

Nominal

Buyers

Bellar

Baist

Nomis

FEB. 19.

$1,600 OD

8

E14

THE

div. £994

હા.

Banks

d. K. Banka

Do. (London)

Chartered Banks Mercantile Bks. “A”

Do.

Bank of East Asia..

XD

993

OD

$1,630

283

21 Leg

£14

182

N. 0. & 8. Banks........

12

Insurances

Market continues to rule Arm: with an upward tendency, today's prices show a marked im- Business has been provement. done in Hotels at $6.80, Wharves $129, Electrics $59). Cements at $15 and Providents (Old), at $2,821,

and

HONG KONG DAILY PRESS, MONDAY, FEBRUARY 21, 1938.

H. K. STOCK

EXCHANGE

YESTERDAY'S OFFICIAL

QUOTATIONS

NEW YORK

....

STOCK

EXCHANGE

(Through Reuter's Service) QUOTATIONS

Now, York: February 20.

New York/London Cross-rate New York Cotton-Mar. New York Hubber--Mar." Chicago Wheat Chicago Corn

Winnipeg Wheat-May. Silvor Oficial

Last High Low Clos

3.2 2.02 8,91 14.91 14.90 14 87*

* Tuninya Close

0017

Changi 3/8 of

To up

14.90€

.03 up

-May.

23+ 911 921

99

3/8 up

-May.

60 381

.60

1/8 up

197) (28) (1207.

1971

7/8 ap

443

unquoted

1937

High Low Dow Jones Averages, 19440 113.84 30 Industrial

64.48 27.08 20 Raile 37.54 18.35 20

Fab. 18.

195.29

"29.83

14200

Canton Insurances.

1280

BUYERS

105 89 88.74 40

UtilitaoJ Bonds

19./2 91.11

1605

$305

Union InsuraBOOM ***

$600

H.K. Banks, $1540 cum.div.

82.44 62.01 11

Commodity ludes 64.993

$1.40

Underwriters

ALLY

$1.40

Union Insurances, $505.

High Low Close Change 12784 128.38 147,55

1.81 up 28.78 28.83 28.70 ,10 up 1,37 19.18 19.33 .10 ap

91.18 64.18 Business Bone:-300,000 shares.

.03 of

13 up

1340

H.K. Fires....MATTE

$240

Shipping

Underwriters. $1.40.

STOCKS

Last Bale

STOCKS

Last Bale

160

143 88/11

19.30

14/

371

Baubs Veneza

3971

15

3126 $1.80

ZA C.

CHROAT 12.86385/80

65 60 o

3291

Douglass Kit Steambata............... Indo-China (prel)

Do.

Shells......

Waterboata

Mining

(def.)

Kailans .......

Gold Fids.

1 et "Bungkung Mina

Dorks, Wharves,

Giugowns, efe

HK, & K. Wharvos. $127 Provideats (old) ... #275 (new)] 75 c. H.R.&W, Docks 329 Shangnai Docks S.

New Buuuuwrings S,

Douglases $60.

A

60

Feb. 18 19

Fb. 18 19

T

14:

$13

Union Waterboats. $9.30.

151

HK. Wharves, $126.

$43

H.K. Docka, $29.

88/11

Providents (Old), $2.80.

Adams Express ..... Alleghany Steel Co. Allis Chalmers Amer. Can

91

91

Humble Oll

+9

641

16

171

Lat. Nickel

491

501

43

441

Int. Tel. & Tel.......

61

$1

Hon. Mr. J. J. Paterson,

853

87!

Int. Dept. Stores

$5.30

101

101.

T. E. Pearce, Esq..

Providents (New). 75 cts.

Amer. Cynamid. “B”

243

25?

Kennecott Copper ...

A. L. Shields, Esq..

38

39

14/

HK. Hotels; $3.45.

Amer. & For. Power

31

31

Lambert Corpn.

111

11

EK. Reitles, $5.20.

Amer. & For. $7 pt. 17)

201

Libbey- Owens- Ford

Sir Vandeleur M. Grayburn,

Chief Manager. DELHI

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Authorised Capital $50,000,000 Issued & Fully Paid-Up #20,000,000 ! | Reserve Funds;*- ...

Sterling

£6,500,000:

H.E. Currency Reserve $10,000,000 | Reserve Liability of

Proprietors

.$20,000,000

Head Office:HONG KONG

Board of Directors, G. Miskin, Esq.,

Chairman.

Hon. Mr. M. T. Johnson,

Deputy Chairman,

J. K. Bousfeld, Esq., A. H. Compton, Esq., S. R. Dodwell, Esq.,. J. R. Masson, Esq.,

K. 3. Morrison, Esq.,

AUSTRALIA AND CHINA Incorporated by Royal Charter · 1953

HEAD OFFICE: LONDON: 38. Bishopsgate EC.2.

Pald-up Capital... Reserve Fund Reserve. Liability of Pro- prietors

- £3.000.000

£3.000.00

£3.000.000

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

AGENCIES AND BRANCHES;

ILOILO ALOR STAR ASIRITSAR IPOE BANGKOK KARACHI

BOMBAY

KLANG

SAIGON

SEMARANG

SEREMBANG

HATAVIA

BEANIMAL

KOBE

SINGAPONZ

CALCUTTA

KUALA

BITIAWAN

CANTON

LUMPUR

BOURABAYA

CAWNPORE CKBU COLOMBO

KUCHING MADRAB

TAIPING

TIENTRAN

MANILA

ΤΟΝ ΔΙΚΑΙ

(Bhuket)

#31

HK. Trams, $14.60 Ex.Div. Peak Trams (Old), $84. China Lights (Old), $11. China Lights (New), $7.60. HK. Electrics $573

Amer. Locomotive... 201

211

Glass

331

331

Amer. Metals

-331 321

Lockheed Aircraft ... 84

81*

Auioy

Branches: *Iloilo

Peiping

Amer. Radiator

131

131

Locw's Ing........... 491

49

Bangkok Ipoh

Penang

Amer. Rolling Mill

191

191

Lorillard ............. 184

16

Batavia

Jchore

Rangoon

Amer. Smelting

491

501

„McKesson & Robbing ..

Bombay

Kobe

Saigon

$3.70

85

13

Amer. Sugar Ring ..... 28 ⚫

Amer. Tel. & Tel.

Amer. Tobacco "B" 651

$6.45

Mudings

4.K. Hotels

**

*

$14.50 xdir 144.70|6x.tiv.| Tramways

$:5.36 Yazmasi Ferries

hands, Hotels, and

$6.45

$6.45

1.K Lande...

1100

Do. 4% Debentures

#331 $100

96.70 Shanghai Landa....

Metropolitan Landa..

35,20

35.20

H.K. Realties... $5.20

15.20

ex.dir. $9}

Hampbroja

XD

$8.20

188

Cotton Mill

S11)

Bwou

#174

Su Cotton .........)

$58

Zong Singe......$.

$24

Wing On Textiles(3.)

$32

Ewo Cotton Rtn. S.

Pabile Utilition'

$14.80 XD

Peak Trains (old)... 184

Do.

(DU)... 13

$831

Star Ferries

183

$11

China Lights (old)...

325.36

#11

$7.50

Do.

De.

(new)... Rtn.

#57)

$561

3194

***

H.K. Electrics $58 Masao do.

$581.

Sandakan Ligits...

$251 $3.20

$25.30

Telephones (old)...$25.60

$9.30

Do. (new)... $9.15

2276

Tractions

CD

23/

3

Do. (prut).........

·

Industrial

$142

$15

Lio.

Prof. S

$1,7

Canton Ice

1.80

$141 $4.00

$14)

Domkons

$14.90 84 65

#2;)

Unity Farme

Ch. E'tainments......

$26,30 18.30

$13

Do.

37 30

Lane Crawfords...........

$7

Nanyang Tobacco....

Sinceros ......31.80

$6/8.10

Watsons

8+

30.10

S. C. Enterprises...

03%

Cu..6%1925G. Bds.

86%

H.E. Gova, 4% Lords

3101

Do. 3%

$100

151

Wallacu Harper

138

ELK Wing Oo

S'hai Do

:40 --343

Vibro Piling

***

18/0

40

0/-

4/9

(HK)

86 cta

Bmore & Ohio Fid. 11}

Barber & Co.........

Columbia Gas & El.

Columbia 6% "A" pf. 681*

Commercial Credit Commercial Solvents Commonwealth & &

Cald., Macg. (Ord.js

Miscellaneous ...

Constractions, (old) $11

Curtiss Wright "A" 16

Delaware & Hudson

Del. Lackawanna &

Douglas Alrcraft

Du Pont

Eagle Picher Lead 11

Electric Boat

Elec. Bond & Share

Elec. Bond & Share

Elec Power & Light

Elec. Power & Light

Feb. 17

Paris

Geneva

Berlin

152-27/32

21.601

12.401

Feb. 19

152-20/16

Gen. America Trans 401

25 *

Athens

Milan

951

Gen. Motors

STERLING

Ger. Raflway Signal 23

Copenhagen

Stockholm

Shanghai

New "Tork

Abasterdam

Vienna

19.40

5.03-1/16

8.9027

.5.02-1/16

8.96-11/16

Prague

1421

142

Helsingfors

Lisbon

Hong Kont

Bombay

Montreal

5.021

5.01%

Brizacia

29.55

29.53

Tokohama

Belgrade

Monte Video

Bucharest

Rio

"Silver (Forward)

LONDON

'silver (Spot)

War Loan

| Maramana Er v. (Lon.)

Wm. Powelle

*Sales to Shanghai

170 cl.

EXCHANGE RATES

(British Wireless Service)

191

19-5/16 34% 102-15/16

Closing Quotations

ON LONDON:-

Bank Bills, dn demand)

ON NEW YORK:--

21.591 12.404

95-13/16

212

19-7/18 19-15/18-

Bank Bills, on demand 31 Credits, 60 days' sight ai

65

Bank Bills, on demand 940

Credits, 4 months' sight 1,000

February 19, 1838.

Télegraphic Transfer.

ON BATAVIA-

On demand

Credits, 4 months' sight="1/3)

ON-PARIS-

ON SHANGHAI:--

On demand

1041

ON SINGAPORE:-

ON SAIGON :-

¡On demand

931

ON 'MANILA: --

ON JAPAN:-

On demand

-821

On -demand

108)

ON BAXOXOX---

ON INDIA:-

On demand........... 149| Sovereign Notes

Telegraphic Transfer...]

!

Bánk Buying Rate.....

Bank, an demand

BAB BED, per on.

On 'demand

Macao Electrics, $19. Telephones (Old), $253. Telephones (New), $9.20.

Cements, $144.

HK. Ropes, $4.60.

Dairy Farms, $251.

Lane. Crawfords. 37.20. Shanghai Cottons Sh.$58. Entertainments. $61. Constructions $1.

Govt. 4% Loan, 21 Prem. Marsmans (H.K.), 4/9

SELLERS

Providents (Old). $2.85. Peak Trams (New), $39. Marsmans (EK). 5/-

SALES

Union Insurances, $505. HK Wharves, $120/121. HK Docks, $29).

Providents (Old), $2.85/80.

H. K. Lands, $33.

H.K. Reltles, $5.20.

H.K. Trams, $144/.70 ex.dly. China Lights (Old). 10.90/$11. HK. Electrics, $561.. Telephones (Old), $25,90. Telephones (New), $9.30. Cements, $144.

Watsons. $6./6.10. Marsmans (H.K.), 4/9

Antamcks. 62 cts. Atoks, 26 cts. * Magulo Gold, 23) cts. Eenguet Consol, $9.80. Coco Groves. 64 cts. Consol. Mines, .011 ets. Demonstrations, 421 cts... IX.L. 73 cts.

Paracale Gumaus, $27 cts. San Mauricio 66 cts.

Suyocs, 204 cts.

United Paracale, 52 cts.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

Saturday, Feb. 19, Silver prices were unchanged yesterday, the quotations remain- ing at 19 15/16 for Ready and 19 Silver advices 5/8 for Forward. reported speculators as having operated both ways." The market American Silver was was steady. quoted at 44 3/4 for Spot.

The Londen/New York cross- rate was quoted at 502.55. New York/London was quoted at 502. 1/4.

MARKET

Extremely dull.

Amer. Waterworks

Anaconda Copper ...

Atchison, T. & S. Fe. 351

Atlas Corpa, manat

Auburn Motors

Baltimore & Ohio

Barnsdall OU

Bethlehem Steel

Boeing Airplane Co. 271

Borden Co.

Borg-Warner

Briggs M'facturing Brooklyn-Manhattan

Trang ngo

Brooklyn-Manhatter

$6 cum. pf.

Case, JI.

Canadian Pactic Celanese Corpo.

Certo de Pasco

Chesapeake Corp. 40 Chesapeake & Ohio 33 Chrysler Corpo. .........

Commonwealth & B

6% cum. pĹ....... Consolidated Edison 211 Consolidated Off

Continental Can

·Continental Of ...... Corn. Products Curtiss Wright (C.)

Western

Deere Co.

Distillers Corpn. SeR-

grams ....

$5 pi.

Mec. Bond & Share

$6 pr.

$7 pt................. Fintrote

Freeport Sulphur

Gen. Cigar Gen. Electric

Gen. Foods

No business was reported. There Gudden Co. were sellers at 1/3 February/April | Godchaux and 1/2 31/32 May/June, buyers Class "A" at 1/3 1/32 Cash/May. "

U.S. DOLLARS There were sellers at 31 3/8 February/March #d 31 5/18 April/May, buyers at 31 1/2 for cash, 31 7/16 March/April and 31 3/8 May,

SHANGHAI 'DOLLARS Sellers at 105 3/4, buyers at 105 7/8 for Spot.

SHANGHAI MARKET There were sellers of Sterling at 1/2 13/64, buyers at 1/2 7/32 for cash. U. 8. Dollars, sellers at 29 23/32, buyers at 29 3/4 for Spot.

TIN QUOTA FIXED AT

55 PER CENT

The Hague, Feb. 18. The International Tin Commit tee has fixed the quota for the second quarter of 1938 at (55 per cent. (Reuter).

BOLIVIA'S SACRIFICE

Goodrich B.F.) Goodrich 35 pt. Goodyear Tire & Co. 21) Great Northern Rty. 221 Great Western Bugar 281 Greyhound Hecker Products ...

U.S. GOVERNMENT

BUYS MORE SHIPS

Washington, Feb. 20.

The United States Maritime Commission has agreed to pur- chase the Panama-Pacific" liners "California" and "Virginia."

These ships will form part of the International Mercantile Com- pany. They will be operated be tween New York and the east coast of South America-(Reuter)

export 11252 tons and the Dutch East Indies 6582 tons.

This adjustment is due to the sacrifice of Bolivia on the same baals as the current quarter.

Chase National Bk. 304* 301* National City Bank 251*

Chill Money

1 ex. div.

1%

• bid.

1%

GERMANY TO MAKE "PEOPLE'S CAR"

Hitler Opens Motor Show 'In Berlin

MABINI MINING COMPANY,

CANTON

THE YOKOHAMA SPECIE 'BANK

LIMITED

Capital (fully paid up)

Inc. will make a trial shipment of Reserve Fund....Yen 134,400,000.00

Yen 100,000,000.00

2,000 tons of copper ore abroad

Head Office:-YOKOHAMA sometime in March, it was learned from the office of the corporation

BRANCHES AND AGENCIES AT: recently. Intensive and extensive Alexandria Honolulu Rangoon

· Kobe London

Hsinking Rio de "Karachi

Berlin, Feb. 18. Herr Adolf Hitler opened the development of its manganese and Bangkok

Automobile copper properties in Mabini, Bur-Batavia sixth International Exhibition in Berlin today. gos, Mangatarem, Infanta, Panga, Berlin

Addressing the gathering be sinan, is in progress. Pablo A Bombay Caloutta said that due to the intensive pro- Bison, president, stated that more Canton duction of the motor industry than 100 laborers are carrying on Dairen there was now a shortage of skil- the work, under the supervision

and direction of V. M. Kololhevsky, Fengtien Nagoya mining engineer and geologist.

led labour.

He added that the State factory would shortly produce a "People's car" which would be one of the cheapest in the world. (Reuter).

Tenders

,

Janeiro Ban

Francisco Los Angeles Seattle Manila Semarang Moji

Shanghai (Dalny) Nagasaki Singapore Boerabaya (Mukden) New York Bydney.

Tientsin

Tokyo Tsingtao Tinkow on Current

Mr. Sison said that besides de- Hamburg Caka veloping a copper property, his Hankow

Paris company is planning on buying Harbin

Hong Kong Peking copper ore at reasonable prices.

Interest allowed The company has recestly, moved GOVERNMENT TENDERS

| Accounts. are invited by the to its new offices on the second Deposits

received for Fixed Government for the supply of mild floor. Leyya building. The board Periods at rates to be obtained yet been received. A final deci-steel pipes and specials for sup- of directors are Pablo A. Sison, on application. ya, Dutch East Indies and Nigeria sion is expected to be taken at the plies to Albany and Peak Roads Prudencio Cagampan, Dr. Dionicio the Government Añonuevo. Perpetuo Zabala, and will be approximately 821 per cent. Paris meeting of the Committee-according

Eausta. Sison. 1/31/16 Thus Malaya for this quarter will (Reuter).

1016/10

The Hague, 'Feb. 18. The 65 per cent tin export quota for the second quarter of the year means that the quotas for Mala-

The question of buffer stock has not been decided as the views of Governments concerned have not

Gazette.

to

Y. KANO,

Manager.

Hong Kong, 14th Feb., 1938.

Calcutta

28⚫

$3 pr.

35

35

Canton

137

1373

Martin. Glen L

17

161*

Chefoo Lumpur

65

Monsanto Chemical 871

80

Colombo

91

91

Montgomery Ward... 34) -

347

Dairen

344

151

Bugar

Corpn.

=ངོབྷཡྻོཡྻོཧྲྰི©

ཚགོ,

བྷོཊྛོནྣིཝཏྟཏྟསྶསྶ

བྷཧྲྰིཏ་ྲZ78ཊྛཏྟིཤྩ ...88་ྲ་ྷབྷོརཱཚཌ 3728⌘གཽ ས ཨྰཿཨྰཿཀྰཀྐ $ སྙ་ཚ=ནཱ་ྔཡྻུཏྲྰཾསྨདྷཚོསྨ5

=ཛིཀྑུསྶུསྶཡྻུཾརཙ

33

Nat. Bond Invest-

Foochow

Malacca

361

ment

151

15 *

Haiphong Manila

71*

Nat. Cash Register 171

171

Hamburg Muar

Tientsin

4

Nat Dairy Products 14

141

Hankow (Johore) Takyo

Harbin Mukden

Tsingtao

91

Nat, Distillers

22}

223

Hongkow New York Yokohama

11

Nat. Power & Light

07

61

17

Nat. Supply Corpn. 177

191

151

New York Central

... 171

171

*56

Niagara Eudson P

28

Corpn.

71

78"

173

241

N. America Aviation North America Co.

8)

83

18)

18)

quoted on application.

231

Northern Pacific...

117

117

Pacific Gas & Elec

2017 201

11

Pacific Lighting...

387

38 *

Packard Motors ....

42

41

321*

Paramount Pictures

97

10

93

Paramount ist. p. 891

86 **

81

Pennsylvania R.R.... 211

22

18

Phillips Petroleum

372

382

40

Public Service of NJ

$1

311

39 *

Pure. Oll

111

114

33

Radio Corpn. of Am.

01

63

56

Republic Steel

171

17

71

Reynold Tobac. "B"

39

39

681"

Schenley

241

243

343.

Schenley 54% pi.

83

83*

81

Sears Roebuck

4 60

60%

11

Shell Union Oll

147 15

Socony-Vacuum.

14

.15)

328*

Southern Cal Edison.

217

217

211

Southern Pacific

18A

18t

BANK OF EAST ASIA, LIMITED.

91

Southern Rly (com)

11

11A

Kowloon San Kuala

Francisco Shanghai Landon Singapore Lyons

Sourabaya Sungei

Patani

HAIPHONG

KAMBUNG

MANKOW

HARDIN

MEDAN

NEW YORK TSINGTAO PRIPING

YOKOHAMA

(Peking) ZAMBOANGA

PENAKU

HONG KONG RANGOON"

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCovers opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica tion.."

The Bank's Head Office in London undertakes Executor and Trustee business, and claims re covery of British Income Tax- overpaid, on terms which may be Current Accounts opened in Ascertained at any of the Agencies

and Branches. Local Currency and Fixed Deposits

R. W. ROBERTS, shorter received for one year or

Manager. periods in Local Currency and Sterling on terms which will be!

J

THE CHASE BANK

Also up to date Safe Deposit Boxes in various sizes To Let.

Hong Kong, 19th May, 1937. 15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

HONG KONG SAVINGS BANK

THE Business of the above

Bank is conducted by the An HONG KONG & SHANGHAI BANKING CORPORATION, Bules may be obtained on application.

For the HONG KONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1937.

18, PINE STREET,

NEW YORK. American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.

Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANY, New Yox, with Besources over U.S. $2,500,000,000.

D. M. BIGGAR,

Manager.

42

Southern Rly "A"

172

18

301

Standard Brands

8

8

G31*

Stand Gas & Elec,

31

31

41

Stand Gas & Elec.

Proits

10

$7 pl.......

19

19 *

151*

Standard Oil of N.J.

50

51

Sterling Products

58

571*

71*

Studebaker

Corpn. 54

51

22

Swift Internationa! 25

241

Technicolor

184

181

151

Texas Corpn. .........

402

421

39

Texas Gulf Sulphur 31

32

118

11

Tidewater Assoc. Oll 131 Transamerica (new) 10

134 104

91

71

20th Cent. Fox Fims 21

do. Union

*11*

||

Films pl.... Carbide

301

30 *

46.

carton .....!

73

76

Union Pacific

United Aircraft

United Airlines Trans

United Corpn.

United

cum. pr...

7'7

Amoy

23

23

Batavia

London

Diy

Mandis

100 Balgou

Bwatow Bydory

Calcutta

Melbourne San Fran

22

21

Canton

Magnaski

Tantala

ialphot

New York

Tokyo

Corpn.

**

Hackow

D

Semarang

271 284

Honolul

Parit

Icbe.

Palping

United Gas Corpn.

41

41

Un. Cas rprovem't 10

101

Un. Light & power

21

21*

UB. In'trial Alcohol 20

19 *

on

US. Rubber

31

31+

D.B. Rubber pf...

85

*67

UB. Emelting ..........

68

68

-US. Steel

531

534

Vanadium

Warner Bros. Pict.... Westinghouse Elec. 931

6

96

Woodward Iron Cor. 167 Youngstown *Sheet

17

Safe Deposit Boxes To Let

KAN TONG PO,

Chief Manager.

Authorised "Capital $10,000,000.00 Paid-up Capital... 6,598,600.00

Reserve and Undivided

Head Office:-HONG KONG No. 10, Des Voeux Road, Central.

Board of Directors rim

Sir Bhouson Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq P. K. Kwok, Esq. WongChaSou, Esq. Wong Yan Tong, aq. Kan Ying Po, Esq Chan Ching Shirk, Fung Ping Wah, Esq.

17+ 171

ExQ

Kan Tong P. q., Chief Manager. Li Tse Fong, Esq., Manager. "\

Branches and Avericias ;—

Kowloon FHANK

Shangbei Yokohama Blagspore

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL...340,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking avri Exchange.

Head Office: SHANGHAI Hongkong Branch:

4, QUEEN'S BOAD. ",

South China Officer:

KONGMOGN TOISHAN KINGCHOW

Every description of Banking and Exchange business transacted. Loans granted

approved BWATOW- securities.

SHIUCHOW Current Accounts opened in Local

We also handle the issue of Bonds Currency and Fixed Deposits re ceived for "one year or periods in Local and Foreign Our

shorter and other Public Funds of the Chinese Government both at Home and Abroad.

rencies on terms which will be: quoted on application.

SHOU J. CHEN

Kanager.

2,776,728.70

Taboru

Vazový

& Tube

357

301

252 PHILIPPINE

MINING NEWS

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