COMMERCIAL.

The Decline in Consols.

It may be observed that the hond of the British Treasury, Do- partment has not given any sigu

That the Articles of Association be altered in manner fallaving :-

1. That the foll wing article bo însaIL- d after Antil/32, usinaly 32:

Pe ip feos. 32. A. fed not ex

egoiling 81 may be oliarged for every now rertifine issued whe- Lier consequent on a mufer or on the splitting up of an exist ing corllfieate and shall if re- quired by the Directors bo pall

bora the issue of the new corti- ficate',

I

2. That the fish three and a half of Article 4 ending with the wond Company follwing wards one tituted therefor:

"be struck out mud the

THE HONGKONG TELEGRAPH, FRIÐAY, APRIL 19, 1912.-

To Sail

THE AMERICAN & MAN- CHURIAN LINE. FOR NEW YORK."*

(With Liborly to call at the Malabar Covt)

THE Stamship

"MATOPPO,"

Banks

„Banks

INTERNATIONAL BANKING HONGKONG AND SHANGHAI

CORPORATION.

Depository of the US, Government in the Philip pine talked and the Republle of l'anana,

Hend Dilice:-to, Wall Street, New York. Landon Ulica:-30, Bilchopsgate, K.C.

BRANCHES :—

Itatutny

Ca'entia

Cant al

Cebu

Colun Empire

Hongkong

Hunkow

BANKING CORPORATION

Exchange

Selling, I/T..

:1/11.7/18 | 4 m/s. LjO. Dewood

.................. 1/113 m/s. D/P 16,750,000 30 d./...............1/11 9/16 3 m/ $11,100,000 50 din.

PAID UT CAPITAL IM. RISKEVE FUNDS

Mariing 1,500,000 4 2/-... 18,000,000

.811,006 000,

RENKTEVE LIABILITY OF PEO.

PRIETORS

Kole

Manila

Mexico

J'Anme

f'aking

San Francisco

"

Shurghal

Yokohama

$6,800,003 F. H. Armstrong,

COVET OF DIREITO EN Ebellum, Keq.—Chairman Chal and Reserve

eqDeputy Chairman abont pag£1,400,000+

Andrew Forbes, Bag.

G.. Medhurst, Esq. „EN) BY DESCRIPTION OF DANKING BUSt- | G. Friesland, Eng. NESS Trasancted.

CURRENT ACCOUNTS opened on the usual. B, Gubbay, Bog.

G. B. Laureni, Eng. DEPOSITS RECEIVED, fixed for the year at, F. Linh, Beq. [30942 per cute pe fur shorter perlods, at rates, which

may be ascertained on application,

THE BANK LINE, LTD., General Agents. Hongkong, 15th Amil, 1912. Regular Steamship Service

Proposed Ballino fhum Hoxoruxo,

FOR NEW YORK. (With Liberty to call at the Malabar Coast and to proceed, via the Cape of God Hepo). S.8. "MONTRUSE" 23rd April.

·J·00 or Alany

For Freight and farthie information, pply to

BILLS NEGOTIATED and COLLECTED, MAIL and TELEGRAPING REMITTANCES IERS OF CREDIT and DRAFTS granted un'ali che pelucijskzilies in the World,

THE BANK'S CIRCULAR LETTERS OF CREDIT IS Avaliable all over the World.

CREDIT QOMMERCIAL LETTERS OF PURCHASE and Sale of Stocks' and Shares effecto

The Dancers of the Bank are bound mist to disejose the transactions of any of its cursomats.

OKORGE HOGG,

Moonger.

P, Queon's Road, Hongkong, Hongkong, 22ut Maroli, 1912

DODWELL & CO., LTD.,

Ageulk. Hongkong, 10'li April, 1912.

[289 Y FOR SINGAPORE, PENANG AND CALCUTTA, " (Taking cargo on Through Bills-of Lading to Nanghon, Madras, and Mauritius.)

To day's Advertisement. THE HONGKONG AND

WILAMPOA DOOK,

CO., LTD.

T NOTICE is honby gives that an Extramdinary Gon tal Meeting of willingness to accedo in any of of the Hongkong & Whampoa Dock the plans thus far put forward Company, Limited, ill be held at the Captain Dommand, will be despatched with a view to improving theby's Oleo, Queen's Building, for the above port on or about WED.

Victo la, Dongkong, on MONDAY, NESDAY, 15th May. market condition of the Govern-ths 2 th day of April, 1912, at 12 Fur Freight and farther information, mont's securities. Lloyd George, dek, on, »lca l'osub'oined rgtrà-apply to

udinary revolution will be proposed .-- the Chancellor of the Exchequer, in a speech upon the subject; confined himself to suggesting that the reasons for the dedling: ́should be discussed, and the re- medios which have beon'suggested carofully examined. He referred in his addross, however, to the principal causes which have re- sulted in the price of the 2.1-2 per ceat, consols having fallen as low as 77.1-2, compared with their high rate of 110.5-8 in 1808. This, as he pointed out, may be largely ascribed to the increase in the number and amount of securities which are available in England as investmonty on the part of trustees. In 1888 only about £800,000,000 of Govern- mont securitios were available for Buol investments, and thore were, in addition, no more than £300- 000,000 of other issues which might be usor for the same purpose. At the present time, according to Lloyd George, there are no less than £1,800,000,000) of issues, apart from Britiali consols, which may bo purelised' by trustins under the law govern ing their action in such matters. It is furthermore pointed out that concurrently with the

4. That the words '** (le. Di cators ". widening of the market in rospect to trustees, it has under-shall be truck out of line 2 of Anicie gone a still grontor change in the Ne. 111 and the following words sub- way of an increase in the available iluted therefor the Company in General Meeting except that the re- securities where, the general in-

numeration of any auditors appointed to vosting public id concerned. The rouult has beon that not alone consols. · but other high-grado Should the above revolution bo pask- securities in the British marketed by the required majority, it wil be hove coine into competition with somitted for confirmation ns a special a mass of honda and stocks, native resolution to a second extraordinary nul foreign, which offer greater genom! moeting which will to ember attractions in the way of incoino quently onvened.

By Order of the Board, return, and, as a consequorce,

WM. JOLLY, most of the gilt edge securities

Beorelary.

out

:

:

• A General Meeting kinil to hold ia orary year at such time and place as the Directora may de termino. Such mesting shall be end's ithe, “ Ordinary Testly. Meeting "*.

3. That the following word by struck

of the following Articlo::—

a. The words "mud an Ordinary

half yearly meeting" out of

1 of Article 52.

b. The word ur palf yearly" out

of the line 4 of Article 52. ́.

THE Stepship

-1 BB

LIMITED,

(19

OKOHAMA SPECIE BANK,

Established 1881

he

W. L. Fattenden

Hon. Mr.O.H. Ross

H, A. Bisbe, Esq.

OKIÉP MARAGIRELI Hongkong-N, J. Brans.

MANAGER:

Shanghai-H. E. B. HUNTER. London Baxxens-London County AND WESTIIMarka Baxx LaMITED.

Homamora-ImTEREST ALLOWED. On Durrant accounts at the rate of 3 per C.

at Amsamas the daily balADOR.

ON FIXED DEPOSITS:

Por E mazila, 234 per Cons, pár AEDLIR, For `6 menika, 836 par Ostól, par Lunum. For 11 months, 4 per Cem, por Ánsum.

N. J. STABB, Chief Mänsger,

HONGKONG HAVINGS BANX.

THE Buda of the above Bank le conducted by the HONGKONG AUTHORISED CAPITAL, You 48,000,000 AND BHANGHAI BANKING PAID-UP CAPITAL ....... 30,000,000 | CORPORATION, Halm may be obtained KanavusD

17,500,000pplication,

INTEREST on deposita la allowed Head Office--YOKOHAMA.

PUT. per annum.

CATHERINE APUAR," Captain E. W. Enya, will be dox pniched for the above ports on SATUR. DAY, the 20th April, at 1 r.i

For Feight or Passage, apply to DAVID SASSOON & CO., LTD,engtien

Agents.

The last word of line 8 and the? first word of line of Article 52; Hang For 15th April 1912-804

d Tie words and also at

avery

'ordinary half yearly meling

in lioc of Article 107".

Notices

o. The word "half" in the line 1DIRECCAO: DAS. OBRAS

PUBLICAS DE MACAU. of Article 110.

fill any oitual vacanny, may be fixed by the Directors":

have suffered declines proportion-Dated the 15th April, 1912 ate to the fall which has occurred

in the market value of consols. Public Companies.

CHINA TRADERS' INSUR- ANCE CO., LD.

Notice to Shareholders,

THE Macan Public Works Fepart-

ment will, up to 12 o'clock (woon)') of the 10th day of the coming month of May, receive proposals for the ene tion of sight (8) dwelling-houten, under the following conditions:---

Int

!

The bidder sill present détails and completo do-igns of the construction type that a proposes to erecate,

trio ing himself to the lot which is dis- posed for the olfect, figured in the Plany which may be seen at the Portazes- Consulate in Hongkong and at the Public Wika Department in Macanò.

2nd

The type of the buildings will be sub- ordinated only to the following charao- Lorlaties:

(a) Esch-Lause shall consist of ground-dar, built on an air-se, and

Firat floor

17

Branches and Agenci e it Antung-Hsien Nigaraki

Newchwang New York Bombay Calcutta Changchun Dairen

Opok&

Petis

Rynjun Port (Ar-

Hankow

ibur)

Honol „Kobo

Lian-Yang Lunden Lyons

San Frano 10.

Shanghai

Tishling

Tientsin

Tokyo

INTEREST ALLOWED ON CARENT ACCOUNT. Deporita zrocived for fixed periods

ТАКЕО ТАКАМІСНІ, Estes to be obtained asapplicat foa

Mansest. Hongkong, 1st April, 1:2,

18

Consignees NORDDEUTSCHER LLOYD,

BREMEN.

IMPERIAL GERMAN MAIL LINE.

NOTICE TO CONSIGNEES.

THE Steamship,

*

Buying.

•1/11 15/16" ...................................2/- 1/10 .2/- 1/16 ........ 1/11§| 30 dfs. Bydacy & Melbourne...2)-8/16 .1/11 11/16] 50 da, Ban Fico & Now York one101 TIT. Shanghai... 78 m/s. Marke ..........................................................2051 TIT. Bingapor.........................................85 m/s. Francs .......................................8.614

.05% Japan........

1453 m/s, do TIT. Jodia.............................

lemand India................. 146 Dar Silver, ready................27 5/16 Demand, Manila ..................95 1/T, San Francisco nad Now York 47

.........2.58

forward.....877/16 F.T. 1678................................................... 117§ Bank of England rate .........................................8}X T/T. Marke....................

If. Francs

Subsidiary Colas.

Discount per $100.

.....200

Chinese ...20 ata. plocos ...$7

$10.16

Opium Quotation-

April. 10.

H

Malwa, New...$3,450 por plc. Malwa, Old......................... 8,800

0,675, Malmo, V. Old Parvian, fine quality 1,725 Patos, Now......... 8,850

***

Chinese ...10

Hongkong.80

Hongkong.10

#1

...$7 7/16

+

por obe.

...364

Patos, Old......... 8,800

...$71

Benares, New .. 8,810 Denaree, Old.... 8,800

IA-SALE.

STOCKS & FAID OF VALUR.

CLOSING Q'10mA

HANKS.

Depoliars may transfer at their option balance of $100 or more to the HorakowG AND SHAWBILAI BANK to be placed on VIXED DEPOSIT at. 4 Pax Ozar, per Hongkong & B'hai

KERES,

For the HONGKONG 'And Swinomai

·BANKING ConPONATION,

N. J. STABB, Chief Manager,

THE CHARTERED, BANK OF INDIA, AUSTRALIA AND

CHINA.

JNCORPORATED ay' Royal CHARTER 1858.

HEAD OFFICE~~~LONDON. FAID-UP CAPITAL 1,200,000 BRAVE Fond .................. €1,850,000 BE LIABILITY OF

SHARE REPORT. ·

B-SELLERT.

8860. .

N-BUYERS ›

ÇATY DIVIDEND AND DATE.

£2.5.0 at ex 1/10 equal to $21.27 for year ending $1-12-11

2 equal 892.83 for year anding 80 June 1911

$18 for 1910

Interim of 10/-. for 1910 *Final of $20 making 850)

for 1909 and Interim 31 $80 for 1910

$12 for 1 09 and Int. of'

$8 on account of 1910 ]

#7 & b'a of $2 for 1910

$125

£8815

MARINE INSURANCES, Cantons

$50 $210

North China.

£5

T140

Unions

$100 $805

Yangiace

460 $210

VIKE INSURANCES,

Ohlas Fires

$20

182

$50

$25

#887

Hongkong Fires

SHIPPING. China & Manilaa

Douglas Steamships $50 321

Steamboate

PROPRIETORE ........ €1,200,000 | Indo-Chinas

(Preferred)

FOREIGN EXCHANGE And (Dalerred) General Banking boainose transested.

.

CURRENT ACCOUNTS opened" Shell "Transporta and FIXED DEPOSITS received for 1 year or shorter periods at rates which will be quited on application.

W■. DICKSON,

Manager. Hongkong,, lith April, 1912. [22

EUTSCH ASIATISCHE

DE

BANK.

China Sugar Luson Bugars

$27 for 1810

$1 for 1906

5 p.e. for year end'g 80-6:11 Dividend of $1 for half Josr ending 81-12-11 8% fox! making 6% for 18086% dir. for 1909 on proferred shares 1/- per share Coupon No

15 2/6 per share Co- pon No. 16 for 1910,

Div. 7 p. a.) for year end. Boa. 5 p. c. Fing 30,411

$15 $27

+

$70

1167-

611 b,

Star Ferry"

$10

301

b.

1220

b.

KEVINERIRS

$100 $105 $100

$10 for 1910

83

B.

KINING:

Chiasse Engineerings #1 (40)....

Tropob Raubs

£1

DOCKS, WHARVES, & DOWNg Kowloon Wharfa

71/6 b.

b.

$50 1859

韻。

BHANOIXE Calcutta

Canton Kobe Tientsin Yokohama

H. K. & W'pon Dooks $50 Bhanghal Docks Hongkew Wharf T. 100 LANDS, HOTELS & BUILDINOS,

848

BA.

T. 100

T.54.

1.80

Anglo French Landa T.100 T.04 b.

$100 Hongkong Hotel $50

1968 b. $100 $104 b.

$10 87 $80 $84

b.

T. 80 T.87

b.

and fasl of 82. making · $4.00 for 1911

Capital FulĹT

PAID OF......Sh. Tasis 7,000,000 HEAD OFFION—SUANGHAY, BOARD OF DIRKOTORS—BERLIN.

The subject is n vory large one undoubtedly, and has been

"PRINZ LIDWIG," brought home to the British

(b) It wil be destinated for family having arrived, Consignes of cargo are market and the English financial

bdgings med nimi vintain from 6 to 8 heruby informed that thoir Goods, with public by the effect the shrinkago

interior apartments. Outside the raild-the excoption of Cm, Treasure and has had upon the surpluses of banking institutions, to say NOTIUE is horby given that the ing there shall be the necessary oul. Valaabies, are being landed and stored

Forty-Sixth Ordinary Yearly (e) All house shall its isolated and their risk into the hazardous and/or Berlin nothing of the dieselors in the banking world there, toward Meeting of the Company will be held at

its Head Office, No. 2, Quean's Bui d-independent and shall be provided with which losson upon investmonts bore no small relation-Brading, Hongkong, on TUESDAY, the ideas and yards where the aid out-

stroot's.

Singapore Share Report. Messrs. Fraser and Company's share circular, dated April 10,

statos :--

23rd April, 1912, at 12.00 F., for the purpose of receiving the report of the Directors together with the stitomonts of account to 8 1st December, 1911, and of declaring Dividends, etc.

The Transter Books of the Company

·will bo closed frịm 18th April to the 23rd Aprit, bath days inclusive.

Owing to the Easter holidays, business has been on a somewhat limited sealo, sterling rubbora, howovor, close in most instances with a firmer tendency and local Hongkong, 3rd April, 1912. stocks are in good demand. Tin UNION INSURANCE SOCIE-

shares have received more atten- tion and the enquiry for indus- trials is well maintained,

Rubber-The further considor- able decrease of 22.000 lbs. in the Linggi output for March brought out sellers at £1-15-7 1/2, at

By Order of the Board,

C. MONTAGUE EDD,

Foarelory,

[200

TY OF CANTON, LTD.

Notice to Shareholders. NOTICE is hereby given that the

Thirty-Ninth Ordinary Yearl Meeting of the Socioty will be held at te Hoad Offee, No. 2, Queen's Build-

which price they were readily age, Hongkong, on TUESDAY, the

house

Louses shall be situnte', Twinlouses, hat is, those equsi to one another and ymmetrical, forming only one Leds of the building, will be admitted, provided they are solutely independent.

3rd

.

Tach proposal mu teosist of: (a) Complet desigu (Plaos, Eleva- tionand detailed description of the

works;

(b) Specifi alions ; fè̟eir execation; (e) Fries of each complota building. 4th W thin thirty days reckoned from the date on which the rear, tiod of the pro- posals of ses, the classification list of the competitors will lo pablished, the sama

rent notices aro No chixa will be ad- way and in the same pl ces as the pr mi ted on the classifications.

5th

The conditions for preference are : (a) Piloo par square metio of duall-

extra bazardous Godowns of the Hamburg Hongkong and Kowloon Wharf, and Peking Godown Company, Limited, Kowloon, Tainaniu

and West Point Godowns, whence delivery may be obtained.

Optional Cargo will be forwarded on unless intimation is received from the Conrignces before Noon TO-DAY, requesting it to be landed here,

No claims will be admitted after the Goods have at the Godowns, and all goods remaining undelivered after the 24th April, will be subject to rent,

All broken, chafed, and damaged Goods are to be left in the Godown. where they will be examined on the 21th April, at 9.80 m.

All claims must reach us before the

80th April, 1912, or they will not be re- cognized.

Hankow

Singapore Tsingtau LONDON BANKERS: Messr, N. M. ROTHSCHILD & Sons. Hongkong Lands T-UNION OF LONDON AND SKITA's Humphreys. Estaton

BARK, LIMITED,

Kowloon Lands Deutscan Bank (BERLIK), LONDOr | Shanghai Lands DFION DER DISCONTO GRIELL-West Polats

Дакуст.

SCHAFT.

$50 $54

P.8 INTEREST allowed on Currend Manila M'pole Hotel P.10

COTTON MILLS) Account, DEPOSITS received on terma". which may be learned on applicatioat

T. 50 T.01 Every description of Banking and

$10 Exchange business transacted.

$12

B. TIMMERSCHEIDT.

Manager. Hongkong, 9th Oc, 1911. . [2

M

No Fire Insurance will be effected. Bills of Lading will be countersigned THE MERCANTLE BANK OF

INDIA, LIMITED. by the undersigned,

NORDDEUTSCHER LLOYD,

MELCHERS & CO., Auted Capital.........£1,000,000 Hongkong Electrion$10

General Agrata. - 18 cribed

[7dd Up

Reserve Fund..........................................

taken. Singapore Uniteds abang-23rd April, 1912, at Noon, for the pur-ing Embolic and hygiene of the Hongkong. 17th April, 1912.

(b)

(e) Tim taken for the conolosion of .work":

el hands at 2.1, Alor Gajahs pose of receiving the port of the $1.70, Ayor Panns $0.00, In-Direttore together with the statement buildings; dragiris $5.75, Morguis $2.10 of account to 818 Decutaber, 1911, and and Jimals 40 cents. Taluk of declaring Dividends, etc. Ansons are wanted at $5.80, Ula: The Transfer Books of the Society Pandana 65 coute, Kedah Rub-will be closed from 18th April to the bers $2.30, and Malakoffs $2.20. 28rd April, both days inclusive.

A few London Asiatics are on offer at 12/3, Singapore Paras 3/3, Malaka Pindas

$1.10, and

Balgownies $9.25. Sedenakaare

By Order of the Board,

C. MONTAGUE EDE,

Boaretary, Hongkong. Sed April, 1912,

1289

wanted at £1-17.6_and_Seaports THE HONGKONG ELECTRIO

CO., LTD. 10/9. Duffe keep remarkably firm

Oth

DARTIOULABS and CONDI-

$8 for 1897

Interim of 1/- on account"

for your ending 28.8.11 (Coupon No.18);

18. 28. per share on 150,000

$8 for year ending 81.12.11

$1 Anal dividend' for】

Jour 1912

Tls, 2 for 1910

fory

Final of Tla, & for 1910

Tis..6 29-2-10

88 on old shares,” #1.50.▼

on new shares for half year 81-12-11

Interim div. of $84 for 1911 40 cents for 1911

5% for half year to 80·6·11.

Interim dir, of #2 for 1911

$2,75 for 1911

15 per cent. for 1910,

Tá foryear anded 81·10·10) ̈

T7 for year ended 20-12-15)

50 panta 81.7'08

Ewos Hongkong Coltons China-Borneo Light and Powers #101 Do. (Spec. shares) $1. China Providenta Dairy Farms Green Islands

$5. a.

MISCELLANEOUS.

$101

b.

$1 for 1910

$1.40

b

10 38

b.

$6 821

b.

94

b.

$10

$23

b.

1,125,000

MAKER

HEAD OFFICE:

562,000 Hongkong Toes 865,000 Hongkong Ropes

$25 $203 $10 $18

Morning Port Peak Tramway

8. 10

$25 $22 #10 #191

7.71

Do. (now) Philipt fass

#1 $1.20 $10 185 b

11

40, Threadneedle Street, London, E.O. | Langkata

BRANCHES :

Gal

Dealers whore price for each co plate PTIONS of the lettlag by Publie Bombay. building (e condition Bid) exceeds fire Auction Sale, to be held on MON- Calmatta.

of April, Howrab. thousand dollars (85,000) cannot be DAY, the 2nd day considered. By building here is meant 1912, at 8 pm, at the OBlows of the fadres. the house dafued in a and b condi- Public Works Department, by Order Karaoki. tion ad

of His Excelianor the Officer Ad-Rangoon. 7th To the oropolitara classified in the winistering the Government, of One Colombo.

Lat of GROWN LAND adjoining | Kandy, first place, the adjudication for the erre- Tuisud Lots Nos. 54 and 1858 in

Bingupita

Penang.

Kota Bahra, Kelantan. Kuala Lumpur, F.M.S. Hongkong. Shanghai.

AGENTS IN JAPAN :

E. Pros & Co., Ld.' $10 £12b. Boalete-day Praterred:850)-

Palpet paid up 5007

at 19,6 with sellers holding for NOTICE 18 HEREBY GIVEN ton of the breeder a prize of $800 the Colony of Hongkong, for torta Mass. Jardine, Matheson & Co., Ltd, Peplertaries

higher rates,

Mining-Kanabois were taken

the TWENTY-THIRD the next will be awarded a of $500 of 75 years, with the option of renewal ORDINARY GENERAL MEET. and the third the prize of $250.

8th

All the designs presented will remain

at a Crown Rant to be fixed by the Surveyor of His Majesty the King, for PARTICULARS OF THE LOT.

at 81.75, Kramat Pulais 87, ING of the SHAREHOLDERS will Bruangs $2.10 and Pusing be held A the Company's Offices, St. Bharus 17/6. Rahman Tins have & sorge's Building, on SATURDAY, in auf become the possession of the ons farther term of 75 years. buyers at 814 and Royal Johores the 44 May, 1912, at 19 o'clock, Macao Pablia Works Department.

Public Works Department, Macao, $1.15.

Foon, for the purpose of presenting the General: Riley Hargreaves Report of the Directors, together with 6th April, 1912. have jumped from $102.50 to Batement of Accounts to 28th Fe $110, closing firm. Bhells have breary. 1912, and electing Director rlsen farther and are wanted at and Auditars.

J

A. P. de MIRANDA GUEDES, Director of Publis Works,

[809

The Transfer Books the Company E. C. Wilce, M.L.M.ch.E.A.M NA

Consulting Engineer and Surveyor for

25.8.6. Fraser and Neaves are in be closed from the 20th April to

Regina No.

Boundary

Measurements.

BANKERS 1 Bank of England. London Joint Stock Bank, Ltd.

da Toshia

Benefit $400 banghal-Samairas T.. 20T110" Bimm Laundry

$5 $54

Ualled Asbestos Orien-1 $10

$10 tal Agravy, Tadamon! United Asbestoi}

·Founder- BhareM 500,

EVERY description of Banking and Exchange business transacted. Stocks and Bhares bought and sold on account of Constituents, Letters of Credit granted on Agents and Corres- | Union Waterbost pondențe all over the world.

#10 $800

$10

A

B.

Daily Balance and on Fixed Deposits Watson

Interest allowed on Current Ao Welamann, LAd. counts at per ount per annum on

819

$18.

atmates which may be ascertained on William Powell application.

b.

ALEXANDI A Boipinas, 2nd Fipon,

1796, Hongkong, 15th April 1919, --

Maunger.

good demand with no sellers the 4th May, 1912, both days inclusire. constraction. Valeer and Accessor By Order of the Board of Direstora. the paroline, or: sals, of Bisemships or

GIED LIVIEGSZON &'00,, Lanoule

Agents. Hongkong/Tih Ayol), 1912,

under $50 Howarth Erskines Ordinary could be placed at 840 and Steamships $250. Straita

here seu on offer ni 949.15, .......

70 cents for 1911

$1.25 for year end'g 31;7:11 ·

40 cents for 1811

$1.80 per share and b's ↑

of 10 cente

Finsi die, of $10 for year

onding 31.12.11

$1 Interim account 1911.

Special bonus T‚1⁄2 15·1·11 Interim div. T.14 15·8·11' Interim div. T.11,15-8-11 Interim div. T.1{"16·0°XL Nous

80 cents on tally paldi shares and a cente, dá

-` #1 paid shares for your i

anding 30-4-11-

None

$1.50 for 1910

Fimt year

No dividend this your 50ote. for year end g 20 1

15 per cent. par

share for year ended

·81·8·1911

75 cenie, per share Bog youranding 31-12-1911

10 per cent, for year and

Ing 31-7-10

30 septs for 1910:

t

HP WRIGHT AND HORNBY/

V. C. MACDONALD. Deel Bubus, Quetry Bolding, Evi, nádrovių – Enotesda,

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