THE HONGKONG TELEGRAPH, SATURDAY FEBRUARY 24 1906.

entered upon his duties on the first day off Juntary, (865. Whether he did actually work on New Year's Day is maiter for doubt ;in fact it a shrewd guess to hezard the opinion that the familiar notice, "The Exchange Banks be closed" was operative, then as now on festive occasions..

THE FLUCIUATING DOLLAR?

had secured the ninths of the Niger, fat Great Britain. The second was ir Frank Swettenham, who, in a long connection with the Malay States, raised them to their present prok parous condition. The third was the man who, for 20 years, steered the Hongkong and Shang-will hal Bank through difficulties and dangers to opulence and security, who tempered wise caution with equally wise boldness, British

It is interesting to note here how the money earnestness with frist joyfulness, and neces-

market, stood. It had been recommended by sary strictness with genuine kindness, whose

Sir. I. Bowring that there should be established features-well done-in bronze by Mr. Raggi, at Hongliong a Mint for the issue of British you are able to look upon today, with the do lars. At that time, in 1890 to 1860, there admiration and esteem and respect Sir Thomas were constant complaints as to the embarrass. Jackson has su well deserved-tinud applause)ing fluctutions in the value of the Mexican Sir Mathew Nathan then unveiled the state dallar and the insufficiency of the sma't silver am'd the loud and continued cheering of the coins procured from ngland. In July, 1857 clean silver dollars (Mexican) bore a premium of 7 per cent, above their intrinsic value as compared with bar and sycee silver, and subre. quently reached a premium of nearly 12 per

spectadors.

in favour of the Chairman of the Company (the late Mr. E. R. Delllios) and, the now manager (Mr. Th. Jackson) votes of thanks, with acclama- tina by the very man who stated at the time, eighteen months previous, they had thought vely hard things about the prospects of the Bank" Thus Sir Thomas Jackson had re- |habilitated its standing, and was now a power |

in the land.

BANK NOTES.

AN EVEN KEEL:

FOR THE FUBLIC GOOD.

The great policy of Sir Thomas Jackson was, as he described it in his own words, to keep the Bank "ou an even keel.” That' is to say, by, keeping the liquid funds of the Bank in a pro- portiovale share in old and silver, the silver reserves being held in Eastern securities and in properties, and the gold reserves being invested in London, in such funds as commended them. selves to the excellent judgment of Sir Thomas Jackson. That "even keel," no matter how the turbulency, of the water agitated the mona. Between 864 and 1872 the annual circulatory world, or whether values rose or fall, safe: tion of bank notes in Mongkong averaged two guarded the Bank under all circumstances. and a half million dollars. The Agia and Commercial Banks had collapsed, and there had been a run on the Oriental and Chail red Banks, when the circulation of notes fell to one and a half millions. In June, 1872, the Hongkong and Shanghai Bank ob thioed the permission of the Governor, Sir Arthur. Kennedy, to issue Si notes, where by a much-felt want was supplied. Twelve were $17,500 in circulation, The total num ber of notes in circulation, all denomina»' ions, in 1874 had reached three and a half million dollars. Then, of course, the fatuous heads of departments at St. Stephen's took it into their noble and distinguished minds, or hat they were pleased to term minds, and said that the circulation of $1. notes was a serious evil, because, forsooth, these moles would be largely in the hands of the poorest Chinese who might be even more subject to The panics than the mercantile classes,

Mr. 1. R. M. Smith, chief manager of the Hongkong and Shanghai Rank, moved a vote of thanks to His Excellency Sir Mathew Nathan for his kindness in coming to perform the cent, which however, fell to 8 per cent in the months after the issue of these notes there ceremony of uṛveiling the status of Sir Thomas Jecksum. Iake, on behalf of the staff, he went on, would like to take this opportunity of thank ing the shareholders and directors for this signal mark of appreciațian of the services of "our old chief. The Bank stuff will ever look - upon Sir Thomas Jackson as a personal friend, for he was always fult of kindly consideration for those under him.. We are all proud to have worked with hims and all gratified to think that he has been so greatly honoured. I am sure

early part of 1563. It was felt that these exces- sive fluctuations of the common medium of exchange in China and Japan mest tend to embarrass the operations of commerce. In 1862. ir Hercules Robinson obtained the supption of the Colonial Office for the principle on which he proposed to base a reform of the curency of the Colony, the official re-establishtnent of a silver standard bised on the Mexican dll. By a pinclama tinn dated January 9, 1863..it was determined

A time came when the issue of the Bank's antes far exceeded the amount authorised by the deed of incorporation; and it will be remem bered how, to protect the public, the Colonial Office, in one of its fits of fatuity, imposed the of its notes issued in excess of the amount au- condition upon the Bank that for every dollar thosed the Bank should deposit with the Colonial Treasury a dollar in silver to meet the excess in note circulation. To-day in the vaults of that wonderful institution at the corner of Queen's Road and Des Voeux Road there must be accumulated millions of money in the Mexican coin to meet the requirements of the Government and of the public.

A GOOD STORY.

But Mr."

In 1889 Sir Thomas Jackson was knighted by Queen Victoria. A rather good story is told in this connection. Sir William Robinson was the first to hear the news and harried off to congratulate his old friend. Thomas Jackson was enjoying his matutinal tub at the time and could not be seen for the moment. It is said by that malicious jade rumour that he lay flat in his bath when he was told that he now had a handle to his name;

In 19oz Sir Thomas was created a baronet, In common with our readers and all, who are Interested in the Hongkong & Shanghai Bank we wish Sir. Thomas Jackson long life and happiness, and we trust that in the fullness of time he may be enabled to revisit the scene of his success and view his own counterfeit presentment as it stands facing the Bank over which he ruled so long and so ably,

you will all join me in the e anest hope that he that Mexican and other silver dollars of equal ¦ Governor, acling under instructions, asked the but of course we cannot vouch for the fact.

may long live to wear his laurels (loud ap plause). And now I ask you to give three cheers for His Excellency the Governor (loud applause),

1

After the cherts and the "tiger" bad been given, His Excellency returned ibanks and, the proceedings ended.

A HISTORICAL RETROSPECT. SI TE MAS JACKSON AND HARDWORK.

The cerem ng of unveiling a statec to Sir Thomas Jackson, which took place today, marks very fittingly the work of a financier whose ability and Forrgy have left their in- print on the Colony. Frisensory is inde. fibly enshrined in the #ngkong and Shang- bai Banking Corporation, which is itself one of the leading features of this island-a potent factur in its prosperity. The distinguishing trait olan Sir Tom Jackson's character, while Chief Manager of the Bank, was his absolute devation, to duty. What struck those who had to deal with him in Hongkong was his observant nature. He saw everything, and he saw round curners-probably that was the secret of his success; but it is at least certain that the Hongkong and Shanghini Bank would not be what it is to-day had there been no Sir Thomas Jackson. As a result of his efforts, aided and assi-ted by numerous capable efficient and willing coadjatore, the Bank is not merely a factor in the progress of the Colony it is almon a nadie to conjure with, and it is now .entering into imternational obligations which will yet taber improve its standing and confer greater bodour on the Colony Sir Thomas Jackson is an Irishman, born in a district with a fine Insh name, Croosmaglen, It was the Irish blood in his wature, probably which made him such a companionable man. lle was educated at an academy known as Morgan's Sch ol, at Castle Kneck, and by private tutors. Deciding to enter the banking profession, he joined the Bank of Ireland at Belfast when he was nineteen, yeats of age. Four years later, in 1864, he came to the East, where all his successes were to be won. He entered the Agra Bank, but In 1876 he came to Hongkong and became Chiel Manager of the Hongkong and Shung hai Bank. Meanwhile he had married a sister of Mr. G. M. Dare, of Hongkong. Ahogether Sir Thomas Jackson was for more than a quarter comy in Hanghong, and during thai period the Bank with which he was' asro. ciated rose from a comparatively humble origin ta become use of the recognised finan- cial media in the world, and by far the most influential banking insulation in the Far East. Within recent days we have seen the Boog kong and rhaughai Bank, through the foresight of the Government, extending its scope: by negotiating loans for the development of China's internal economy. The name of the Bank is far better known in Landon than that of some of the many City institutions and its bond is accepted everywhere. Luring the long period that Sir Thomas Jackson was cfn- nected with the Bank in Hongkong, bẹ had to guide his craft through many troubled waters; that he did so successfully is evidenced by the position of the Hank at the present time,

THE BANK STARTED.

|

value should, together with those silver coins

of Mexican standard and brings cents and cash being hundreth or thousandesh parts of the Mexican dollar, be the only legal tender of paymest in the Colony. The date, however, was not fixed until the Mint was catablished in 1965. Hut Sir Hercules R binson obtained

the sanction for the Mint and a huge stock of subsidiary coins. These consisted of silver ten-cent pieces, bronze cents and Ir nze mils (cash). The intrinsic value of The silver ten cent pinces was such as to make $3 face value equal to $2987 'intrinsic value.

MEXICAN DOLLARS.

Bank to show cause why the $1 notes should not be called in. Then the Colony rose en it is. A memorial was signed by everybody who was anybody; the Chamber of Commerce raus ed itself from its usual lethargy and passed a special resolution in favour of the retention of

the $1 notes.

A GHINESE LOAN.

|

THE BANDMANN OPERA CO.

We are requested to call the attention of our readers to the change of arrangements for the performances to be given by the Bandmann Company, an advertisement of which appears It will be in the usual place in this issue. seen that they open a two weeks' season to-night with Lady Madean," as already announced, but that the pantomime "Aladdin." will only be staged one night (Monday) and not three with a malirée, as was at first intend. ed. On Tuesday Sergeant Bye" will be put on, Wednesday "Little Michus" and Thursday will see the Earl and the Girl." Father productions will be announted in due

court C.

COMMERCIAL.

POSISY'S EXCHANGE.

Setting

Do.

asden -Renk T.T.

Arvind

לון

4 months' sight.... From: Bank T,T.......... Anterica--Bank T.T. Germany-Bank T.T.

erin T.T.

Do. demund hang a-Bank T.T Singapore T.T. Japan-Hank T.T. Java-Bank T.T.

WAN FEU--A BRITISH DOLLAK. "At this time there were three silver dollars in circulation. There were a new Mexican

dollar or yen. When the new Mexican dollar dollar, an American trade dollar and a Japanese came out it was boycotted by the shroffs and traders in Hongkong. The Viceroy of Canton had it assayed, when it was officially announced Sir Hercules represented to M. Govern

that to pay o taels worth of pure sycce it ment that Mexican dollars now' passed cur- would be necessary to pay .rt in new rent in large quantities even in Shanghai; that Mexicon dollars, that too new Mexican dollars the dollar had already been declared the only were equal to $0.41 old Mexican dollars. As a result of that, and the published assa, of the legal tender of payment in Hongkong: that the

American trade dollar, the Mexican dollar supply of Mexican dollars had become quite came into favour again. The English com insufficient, in consequence of the new de-annity were anxious to have a British dollar mand for Japan; that even in the silk which should not be defaced by stamping. At a meeting of the Chamber of Commerce in 1874 districts of Central China payments, former the feeling was expressed that chopped dollars ly settled in sycor, had now to be made in should be done away with altogether, and an undefaced Mexican dollars which were at almost unanimous opinion was voiced against the introduction of the American trade dollar a high pemium;. that consequendly a British doliar of an equal value to that of the Mexi-or the Japanese ye. Then the English authorities were communicated wih but they can was urgently required. In consequence replied dist the proposal to coin a special of these representations the Lords Commis-dollar for Hongkong was practicable, as it sioners of H.M.'s Treasury approved (April would cost two per cent. for coinage and one 10, 1861) of the praisal of Sir Hercules, per cent. for freight. Thus the movemen) for a

Hongkong dollar, came to an end. and suggested that the proposed Mint should be established in Hongkong by local enactment to be proved by the Queen, and that it should he pice under the control and supervision of the Master of the Royal Mint, with a view to assay and verification of the cains to be issued from it. Arrangements were accordingly mada by Sr Hercules, the site now occupied by the Fast Point Sagar Refinery was appropriated for the purposes of the Mint, additional land reclaimed from the sea, at a cost of Lato, n

A terrible thing happened in 1879. The water supply secur d át a cost of $3,550, build. ings commenced which cost $5,000, and a stellar fell till it actually touched 35 61/8d: staff ordered from bome. Several Ordinances The tael fell below five sbiilings, seems were also issued providing for the conversine comic to-day to speak of a is. 6d. dollar in the face of these troubles of a generation ago. Never of British currency in att payments by or to the was trate less. People went about wringing Government ( of, 1864) and for the organisag their hands and bewailing their fate to live in tion of the Mut service (af 1864). The fur-a time of a 3. 6d. dollar, Everybody was that is an absolute fict-and they seem to have mer of these two Ordinances ordained, with affected-even the poor coolie. Prices rose- reference to the above mentioned proclama kept

Speculators on rising ever since. tion of January 9. 853, that as song as the stopped speculating; investors drew out their date r-force in could be fixed, all payments money; the land was paralysed. A horrible kept on making money. In 1880 is stod pre- dae in British tealing to or by the Govern- time! But the longkung and Shanghai Bank- ment should be made in dollars, cents or cash, eminent in the China trade because it was. to be issued from H.M's Mint, at the rate of content, as are chronicler naively put, to mind its own legitimate business. The reserves 49. 2d, to the dollar.

were piled up, the idea being to raise the reserve food to half the amount of the paid up the capital. Its shares stood at 6 per cen. premium in 887. In other words the shares stood at $152; to-day it is difficult to get them in quantity for $895. This was the Bark that was floated in feat and trepidation, but then the Hank had Sir Thomas Jackson at the helm an that counts for much.

TRADE IN 1885,

It was just at this period that the Suez Canal was opened..Prior i › that, vessels to Hongkong had in tndergo the terribly Inng and mono- treous voyage round, the Cape." It was only the other day that we were speaking of the new Delhi, un 8,00 tonner, and the Bongolu, a sister ship, which the Pi and 11. Campany have put on thrras in the East

Now we are coin-

In 1871 the Chinese Government contracted alan with the Hongkong & Shanghai Bank of boneco at 8 per cent, giving as security the whole of the revenues of the Imperial Maritime Customs. No better evidence of the stability of the Hank or the standing of the Catony could be furnished.. Since then, the Bank and the Golany have helped China on many occasions, but this innn in 1874 was the imprimatur, so to speak, of confidence.

A TERRIBLE CALAMITY.

BACK IN HONGKONG.-

Ruying.

4 mouths' right L/C, ma

2.1.2 0.15/15

.... E 1 5/16

.50%

... 613

in 2.13

.154.

To-day's Advertisements.

HONGKONG AND SHANGHAI BANK-

ING CORPORATION.. "THE DIVIDEND declared for the half year Tending 31st December 1995, at the fate of GNE POUND AND FIFTEEN SHILLINGS 10. gether with a BONUS of ONE POUND STERI.. INO per Share of $125, is payable on and after MONDAY, the 26th day of February, current, at the Offices of the Corporation, where Share- holders are requested to apply for Warrants. By Order of the Court of Directors,

J. R. M. SMITH,

Chicl Manager, Hongkong, 24th February, 19ubi THE GHEEN ISLAND CEMENT COM- PANY, LIMITED. NOTICE OF MEETING.

1270

NOTICE is hereby given that an EXTRA-

ORDINARY GENERAL MEETING of the GREEN, ISLAND CEMENT COMPANY, LIMITED, will be held at the office of the Company, St. George's' Building, Chater Road, Victoria, Hongkong on WEDNESDAY, the 7th day of March, 1906, at 11.30 o'clock A.M., when the subjoined Resolution will be pro- posed.

Should the Resolution be passed by the required majority, it will be submitted for confirmation as a Special Resolution to a Second Extraordinary Meeting which will be subsequently.convened.

RESOLUTION.

"That the Capital of the Company he ing creased to $1,000,aro by the creation and "issue of 50,000 Newhares of Sto each "fully paid up to be offered at par and if "accepted to be allotted to the persons "considuting, the shareholders of the "Company according to the Company's "register of shareholders on the first day of July, 1906, in the proportion of ooc "new share for every three old shares in "the Company held by the respective "shareholders thereos, the amount payable "on each of such new shares to be paid "on the 31st day of July, 1906, and that "failing such.allotment as aforesaid the "sald new shares be disposed of by the "General Managers in accordance with "the Company's Articles of Association.” Dated 24th day of February, 1906.

269]

SUEWAN, TOMES & Co., General Managers, Green Island Cement Co, Ltd. THEATRE ROYAL, HONGKONG.

Leesce & Manager: MAURICE E. BANDMANN.

IMPORTANT. ENGAGEMENT OF THE WORLD RENOWNED

BANDMANN OPERA CO.

UNDER THE PERSONAL DIRECTION OF MAURICE E BANDMANN, And by special arrangement with' MR. GEORGE EDWARDS And the GAIETY THEATRE, LONDON.

SEASON FOR TWO WEEKS ONLY.

TO-NIGHT,

(SATURDAY), 24th February,

***LADY MADCAP."

711.com. 131 % prem

11011 125

..2.17/16

MONDAY, 26th February, ** ALADDIN."

(ONE NIGHT ONLY),

...2 66

2,671

2,171

.30 11/16

958

A mouths' sight L/C.2.1 9/16 30 days' sight San Francisco & New York,514

months' sight

do.

52 10 days' sight Sydney and Melbourne 2/1 11/16

mantha' sight Francs - MOTOR 6 moths' sight

*

4 months' sight Geminny mor

Bank of England sate Sovereign

To-day's Advertisements.

PUBLIC AUCTION.

HE Undersigned have received instructions

from J. M. BECK, Esq., to sell by PUBLIC AUCTION,

ON TUESDAY,

27th February, 1906, at 2 PM, within his

residence, "Dunford,' The Peak,

THE WHOLE OF HIS VALUABLE HOUSEHOLD FURNITURE. Comprising:-

TEAKWOOD HÁTSTAND with GLASS, TEAKWOOD

EXTENSION

TUESDAY, 27th February, "SERGT. BRUE.”.

WEDNESDAY, 18th February, ** LITTLE MICHUS.”

THURSDAY, 1st March, "EARL AND THE GIRL."

I'rices of Admission $3, $2 and $1.

Seats can now be booked. Plan at the ROBINSON PIANO CO.

Doors Open #1 83% Commenco usual time,

Hongkong, 24th February, 1926.

GOVERNMENT BILLS.

[130

ENDERS for SPECIE, BRITISH and

TABLE, VIENNA CHAIRS, TEARWOOD TENEXICAN DOLLARS, current in this SIDEBOARD with GLASS, DINNER Colony, in Exchange for Sterling Bills drawn It will be seen from these notes that from WAGGONS, CROCKERY and GLASS at 10 days sight on the Lords Commissioners the first the Bank under Sir Thomas Jackson WARE, BOOKCASE, E-F. and SILVER of His Majesty's Treasury, London, will be plaining about the tens of the passage to

DOUBLE BRASS-MOUNTED received by the Chief Paymaster, Army Pay De. was a success. There were crises, of course, WARE Europe. The probability is, however, that until we get aerial or rail-less railways we can hard. and the Bank had its vicissitudes as every BEDSTEAD with WIRE and HAIR MATpartment, until 11 A.M., on the 28th February,

institution of the magnitude of the Hong-TRESSES, MARBLE-TOP WASHSTANDS 19o6.

The Tenders to state the total amount (in ly expect to get lame much under a month,kong and Shanghai Bank is bound to have, and DRESSING TABLES with GLASS,

SHANGHAI BATHS, Pounds Sterling), and the amount for which However, the opening of the Suez Canal gave it they were, safely negotiated, and Sir WARDROBES

STOVE and UTENSILS, each Uill should be drawn, but no Bills will be

&C., an extraordinary impetus to trade in the Far Thomas Jackson retired after years of

issued for less than 100 ALSO

East. The godowns of longkong were crammed. the treaty parts were over wing, the volume

THE BANK'S DIVIDEND.

strenuous work in the East. When be went to London le was given the command- ing voice in the affairs of the Board there.

COOKING

BLC.;

&c., A quantity of PLANTS in Pots. Catalogues will be issued. TERMS:-As usual.

THE

[261

HUGHES & HOUGH, Auctioneers.. Rongkong, 24th February, 1906.

FROM HAMBURG.

"HE H. A. L. Steamship

"SLAVONIA," Captain Torzelius, having arrived from the above ports, Consignees of Cargo are hereby requested to send in their Bills of Lading for countersignature by the Undersigned and to take immediate delivery of their goods from alongside,

The histories of the Hongkong and Shanghai Banking Corporation and Sir Thomas Jackson are so inseparably intertwined that the story of one is the life-history of the other. When of commerce increased renfolt, the methods Soon after, Hongkong passed through one of the bank was started in 1804-twelve years trade were revolutionized, and in 1866 the the sey re financial crises which have marked before Mr. Jackson joined it-there was much foreign trade with China annuated to nearly the history of the Colony. The Hongkong and Shanghai Bank was in d re strai's, noi dubiely as te its ultimate success. A mushroom £5,000,000. Of that trade Great Britain had because its funds had been drawn out to an grown in a night could scarcely compare with £71,5+8,723 or nearly 63 per cent, of the whole, extent that the firm foundation on which it such banks as the Chantered, the Mercantile, and for the distribution of that traffic Hong-rested had been impaired, but on account the Commercial, the Oriental, the Agra and kòng was the central emporium. It was under of the depressed condition of the Colony. United Service, or the Central Bank of Western these favourable conditions that the Hongkong And when the Hongkong Bank suffers it is synonymous with the suffering, of the whole India. There were then firmly established, Rank was started. In 1866, the shareholders of

Colony, its merchants and its traders, its in

Therefore the the Rank" fall confident of coming prosperity" habitants and its workers, enjoying the confidence of investors and de-

master-hand was required again at the helm to positors alike. But in July, 1864, the firm of and the Bank was incorporated by charter.

steer the brique through the stormy waters Dent & Co., one of the princely houses of the

nto which things commercial had been plung period, issued the prospectus of the newly. Now the Bank ball become the financial

ed in the East generally. Much against his formed Corporation which started with a capital pulse of the Colony, In February, 1877, the will, but to relieve the situation, Sir Thomas

Optional Cargo will be forwarded unless of five million dollars in 20,000 shares of Sigo Bank declared a dividend rqual to 12 per yielded to the request for his presence in each. What contributed to the success of the cent, upon the paid-up capital. In February Hongkong. He was at once reinstated in notice to the contrary be given before TO- Bank more than anything else was the broad 1873 it did the same, after, we are told, office and the familiar remark, "Apply to DAY.

Any Cargo impeding her discharge will be T. J." had all is old significance.. By his ex- spirit which animated its directorale, There

some hesitation on the part of the directors, traordinary tact, his comprehensive grasp of landed into the baxardous and/or extra hazard. was no question of party or state about the hut in August, 1874, the directors declared affairs and his wonderful finance, he speedily ous Godowns of the Hongkong and Kowloon institution in any shape or form. A glance themselves unable to pay any dividend at all, rehabilitated the monetary affairs of the Colony, Wharf and Godown Co, Limited, and stored at

and when the crisis had been faced and over-Consignees' risk and expense. at the names of those who were the complaining of heavy losses and failure all

All Claims must be presented within ten come he returned to England. That pro provisional committee, practically the founders round. In 1875 the Bank was still a non-sperity which he left behind him has not days of the steamer's arrival here after which will indicate this at once. There was Mr. A. dividend paying concern and a Commission of only remained but it has been progressing date they cannot be recognised. F. Heard, of the established house of Heard & Inquiry was suggested. However, in 1876, the at a rate undreamt of by the most sangnine Co., Thomas Sutherland, whom everybody Bank had recovered its former position, founders of the leading financial institution in have left the Godowns, and all Goods remaining known as the great head of the P&O, Com-changed the manager, rid itralf of encumbered the East, and today the Bank is the inter- undelivered after the 3rd March, 1906, will be

mediary between the British Government and subject to rent. pany, the head of the Suez Canal, and the estates and paid £1 dividend per share. The the Chinese Government on the one hand and patron of half a hundred institutions, D.vely next year, in 18-7, after Sir Thomas the British investors on the other. The result Lapenik, the founder of Douglas & Co., W. Jackson had been manager for a year, while is the now the Bank has attained a position of Schmidt, A. Sassoon, Patlanjen Framjee, W. continuing to pay the same dividend solidarity and has accumulated that vast re serve which places it in the front rank of Adamson, Pestonjoe Dhunjeeshaw, and others, the Bank increased its reserve fund to financial institutions not only in the East but in The first manager was Mr. V. Krossor, who | half a million dollars "which called forth, the world at large, di

No Claims will be admitted after the Goods

All broken, chafed and damaged Goods are to be left in the Godowns, where they will be

No Fire Insurance bar been effected. examined on the 3rd March, 1906, at 10 AM..

HAMBURG-AMERIKA LINIE, Hongkong Office. Hongkong, 14th February, 1996, [azı

The Tenders to be in Duplicate, and in sealed covers, addressed to the Chief Paymaster, Army Pay Department, and endorsed "Tenders for Government Bills."

The right to accept or reject any or all of the Tenders is reserved.

Copies of Forms of Tender can be had on application.

J. R. GALE,

Capt., A. 1. D., H.M. Treasury Chest Officer. His Majesty's Treasury Office,

Fletcher Street,

Hongkong. Hongkong, 23rd, February, 1905. CANADIAN SALMON

AND

HALIBUT.

FRESH AND NICE.

40 CENTS PER b

Entimations.

ROBINSON PIANO

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Hongkong, 1st February, 1906

138

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THE

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COMPANY

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Edinburgh, Glasgow,

London.

GINS

PER

DOZEN

[268

$8.00

THE HONGKONG FROZEN FOOD SUPPLY.

SEE OUR PRICE LIST ON PAGE 8. Hongkong, 44th February, 1906,

Old Tom and Dry.

SOLE AGENIS-

H. PRICE & CO.,

12, Qoxen's ROAD CENTRAL.

Hongkong, a8th December, 1993,

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