"

THE HONGKONG.

GENERAL SHIPPING NEWS

KOT

FRIDAY, JANUARY

1017.

HONGKONG SHARE

POREPORT

8-BELLIES; SA-SALES; B-BUYERS; F.-NOMINAL.

OFFICIAL PRICES.

Pacific Mall Steamship Co. analogous to the vehicles of light Remedy Against Submarines.. The immediate access of the gasolene bus lines which the

become a gestion whether the reborn Pacific Mail Steamship team

The arming of all merchant. British Government should not railroads ma tomen which cannot de couroyed strongly impreme upon the Company is expected to result develop feeder business to has been tirged upon the Admir French, Italian, and Bassing shortly in the placing of orders the point of paying

sup- | alty and the Board of Trade "In] Goretamente the necessity" of for several big new ships which port of regular equipment. these columns from almost the arming their mercantile marine. will take the place of the fire They are comparatively more beginning of the- war" mys the With the neutrals there may be large trans-Pacific vessels sold to economical than the bus vehicles, Times. To some extent guns for difficulties in the way of doing Banks

BANKS the International Mercantile

bowever, and are directly in line self defence were furnished to this. If however the activities of Marias Company when the old with the very latest ideas in ocean abips last year, but it was to a the enemy submarines in this

h. MARINE INSURANCES. Pacific Mail was in process of economy of operation. The motor very small extent, Principally, direction are liquidation. Two explanations ship, whether big or little, seems the ships so provided were thone checked we may see the neutrale North Chinas

not effectively Cantons are given for the ability of the to be the ship of the future. The requisitioned for Government ceasing to trade with this country. Vastazes

Unions ecmpany to make more money management of the Pacifio Malil work. The official explanation than it did pader the old manage is very conservative in forecasting why our ships were not armed was Wahu Shipping. ment. These are the receipt of earnings when shipping condi- the scarcity of guns and smemcni-

FIRE INSURANCES: better paying businese for all the tions get back to normal. They tion, other requirements being of vessels which entered and H. K. Fires

The total number and tonnage China Fires boste, and a sharp reduction in foresee close competition, with more preming. Toe gans provid- cleared at Wahu during the quar operating expenses and deprecis the Japsuese lines able to ed in almost every case were of ter ended in September, 1916, was Douginses tion. In 1914-1915 the Pacific ent very close. The Pacific small calibre and range, while 1,062 vasrole of 1,707,541 four, Steamboats Mail's operating expenses were Mail expects to hold certain the armsment was placed at the which was an increase of fifteen Indos (Def.) 73 per cent, and operations, plus economies that the Japan-stero. The value of protection of vessels but a decrease of 13,888 Indos (Pref.) depreciation, 82 per cent. of the re bare not the advantage of, this kind, even under these tons against the same quarter Shells gross revenue from transporta- tending to cffset the low costs cf bandicaps, against the enemy in 1915. Of the total 966 vesela Ferries lion. Even before the return of labour, etc, which the Japanese submarines in the earlier cam of 1,650,622 tons were the ships of the trans-Pacifio exj25. However, the attitude of paiga wa amply proved over and steamers, a decrease of twenty. Sugars

river service the reduction of operating constructive persistence notios over again. The experience of six steamers and 39,610 tons, and Malabona ratio to 67 per cent, was recorded. able in the new management has many capteins in the mercantile fifty-one "versele of 51,659 tons The operating ratio in the quarite explanation. The Pacific Mail marine was that the enemy sub were ocean steamers, showing ah Kailans ter ended June 30 was 54 per is a stone in the masonry of the marines did not continue to increase of thirty-one steamers angkate cent. It is too early to obtain structure of international enter-attack ateamers provided with and 25,751 tons. The percentages Rauba return for the combined service, price which is being "super- guns. They were afraid of them. of the total were 47.3 British, Tronohs including the earnings of the organised" in the hands of the It might have been expect 279 Japanese, 23.9 Chinese and Urals

On the Pacific, now interests that took over the ed, therefore, that, this mess 0.9 Americar, Danish and Nor but operating officers declare company and its properties. Up to are baving proved its value, wegian. Of coean steameza 74.9 that the ratio of cost to gross a certain point ite employment is every

merchant ship would British, 8.6 Danish, 8.5 Norwe is still falling. The recent pur not dependent on closely drawn have been armed. This, however, giao, 41 Japanese, 3.9 Chinese, chase by the American Interns- competitive economists. A good has not been dose, and probably sad of river steamers 48.5 British, tional Corporation and its volume of business is certain to very few of the merchant abipe 28 7 Japanese, 24.5 Chinese and Associates of the New York Ship go to it on a non-competitive bringing foodstuffs to England 03. American, Dinich building Company, with ite basis. It carries the U. S. Mails. are armed at the present time. Norwegian. $25,000,000 plant near Philadel-It will be a physical connection Now that we are face to face with, phis, pate back of the Pacific between new American eater-other sad more dangerous sub- Mail, the International Mercantile prises in the Orient and bases of Marice, the Grace lines, and supply. Up to a certain point other ocean transportation systems there is an opportunity, from the affiliated with the American standpoint of the company, in International a sure soures of good management and in inter supply of tonnage. The Pacifio coking enterprise.--Exchange, Kail purchased three fine small reusela from the Dutch Indies

DOW

boats

Company, and has equipped them with oil burneta for the Pacific trade, with the expectation of superseding them eventually with larger vessels which are ex- pected to be built in the New York Shipbuilding yards. The Ecuador, the first of the three new vessels to be converted from coil to oil, left San Francisco on August 19 on the direct route to Chian and Japan. The old Pacific Mail was a subsidiary of the

The Teushima Maru Fire.

“BANKSS

BANK OF CANTON

BANKS

HONGKONG & SHANGHAL

BANKING CORPORA

TION.

HEAD OFFICE HONGKONG- Paid-up Capital

FOREIGN EXCHANGE and General Banking Business TraZE- acted.

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- ceived.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum

$97 PEAK TRAMWAY CO

LIMITED...

TIME TABLE

WXEX DAYS

Log. Every 13 MKEN 10:00 ADL, 400

NIGHT CAES

#

to Mins

6.ze part and v nari oge v S

21:00 FLAG Ývary bill boun

75.00 1.16 18 25.45 PM

every quarter ofså betre SUNDAYS

$706

$575 t. 150

B.. $900 DAY 73 $255

$185 $975

SHIPPING.

b.

$117

b.

$201

For 6 Months 4% per annum For 12 Months 41% per annum

LOOK POON SHAN,

Chief Managet.

b.

$132

2.

$LI

1,

100/-

NOTICE.

$35

REFINERIES.

NOTICE.

$128

b.

MINING

Ra

36/- 1213 $2.40

д.

n.

$1/0

· 32/9

DOCKS, WHARVES, GODOWNS, &C. H. K. Wharves b Kowloon Docks Shai Docks

100 de lo

1LX AX, $8

FAME, VLMA D

KG PER LO 4.15 PM, 12 $100

го

MI

* Ma

13 PA

+

H

BAS PIN

T

*

11.

$85 $120

t. 87

and

LANDS, HOTELS AND BUILDINGS. Centrals H. K. Hotels Land Invest.

7.30 AM

1.00 m

10:30 AM, 10

C

5.

$100

11.3 AM 1 1200 NOOR

2

15 N12.

11:00 Nosa 16.–1:00 Puti

10 Mxan

S..

$115

LOS PRE to 500 PAI

TD J. 10 4:00 7.

"

101.

Die

$35

Log Fath

7.06 200

н

1 M

9900 4.00) Lo LIO S.M.

14 Man,

b.

$7

S.

$35

#L

t. 85

S

$80

COTTON MILLS.

1:

1.

t, 145. t. 131 117 t. 3

MISCELLANEOUS.

#.

$8,00

$4.50

THE

$9,0)

1.

$25

CO., LTD.

b.

2.

0,

$11,60 $51 $160

(Capital Paid up...$1,250,000.)

$341

D.

$934

$7,00

$10

$1

881

#16

b.

$61

b.

$6

Morning Posts n.

$29

marine campaign in which the The Nippon Yusen Kaisha H'phreys Est. asemy boats are larger, cairy received a wireless message from Kloon Lands heavier guns, and are capable of the s.3. Sanuki Maru, which is on Shai Lands operating at a long distance from her way back from San Francisco, West Points port, the position has become

that she picked reporting more urgent and important. The ap axirelsea message from Ewos

no longer the newer, sabmarines

Company's 8.3. Teas Kung Yiks 1. It has been decided, says the lie in wait ander headlands bima Maru, which left Kobe for S'hal Cottons Manchuria Daily News nas result and in shallow waters, but America via Yokohama on Dec. Yangtszepoos of inquiry made by the Govern-attack ships in meat of the U. S. Government as open sea. Scores of cases have broke out in a hold beneath the Borneos

the 19th, to the tf.ct that a fre

Arming N.V K. Boats.

the

Southern Pacific Co. The legisla. preferably two forward, in addit- carried by the submarine have a cargo of 8,500 tons consisting|Trams, Peak, new n.

tion of 1912 that closed the Panams

CORRECTED TO NOON FRIDAT JANUARY 26, 1917.

BENJAMIN & POTTS, Share and Ceneral Brokers,

Princes Building.

to the reception of armed mer- demonstrated the danger to our bridge on Jan. 3rd when she was China Light & P. b. chantmen at U.S. ports, that the ocean borne traffic. Moreover, in 40°, 23" sorth latitude and Providents N.T.K. steamers on the European mall gun mounted Astera is, it 172 36 west longititade. The fire Dairy Farms Line shall be armed against Ger has been demonstrated, no longer was put out however and the Green Islands an submarine raida. The Daily cofficient protection. The guns steamer continued her voyage. H. K. Electrics

newer enemy The Standard Oil Company's H.K. Ice Co., Telegraph, in a leading article, carried by the advocates the arming of merchant submarines outrange such gans

Arrow was standing by Ropes men and declares: Every ship which carry at the farthest about the Tenshim,

The Tanahi- Steel Foundries Marn should have at least one gun, and 9,000 yards, whereas the gang me

has on board Trams, Low Levelse.

Trams, Peak, old n. ion to stern guns for piratical range of from 11,000 to 12,000 of comphor oil, earthen ware, Laundries Canal to ships owned by railroads boarders. It is known that steps Jarde. The "U" bost can, there- camphor etc. In connection with U. Waterboats b

have been taken to strengthen fore keep at a safe distance and this, the Yokohama Branch of the Watsons whose lines compate for traffic the Admiralty. Young and active shell the merchant steamer till she, N. Y. K. is reported to have stated Wan. Powells was a direct blow to the Pacific braine must be brought to bear einke her. The need is for heavier that the fire occurred on board the Mail. The Seamen's Bill was RN- other. As a consequence the pop this new phase of naval guns or at least guns of longer Tsushima when the was 1,000 Southern Pacifio decided to wipe

Warfare.

range mounted both in the bow miles north of Hawaii. She was ́and stern. It is unfair and unlike scheduled to. out the fiest, and had succeeded Bounties to Shipping Lines.

arrive at SLO our British practice to oblige our Franciaen on the 12th, but her in disposing of a considerable Among Japanese Parliamen- gallent merchant seamen to run'arrival is likely to be delayed. part of the assets when the tery members the opinion is gain away from the enemy before they There was cause for anxiety as the American International And ing ground that some radical can bring their protected arma-steamer Arrow bad promised to Hessre, W. R. Grace and Co. took reforms must be introduced in ment to bear. Furthermore, it is keep in touch with the Tenshims. over the company. The three the laws respecting the bounties exceedingly likely that in order new ships on the trans-Pacific to shipping lines and shipbuild-to perform this operation the mer- France's Mercantile Fizet, route are practically of a new type ers in view of the present chant ship will have to present following an interpellation by M of economical express liner activity in these tredes. As a res her vulnerable broadside to the de Monzie, ex-Minister of Mer- adapted to "development" sult of the bcom, the income of enemy as a target for shell or cantile Marine, calling for the T/T

SELLING. →jects in coesn transportation. shipping companies and tramp torpedo. There may be diplo-construction of an adequate post-Demand

..................... 2/3 34 They carry Ill first class passen- ehipowners

enormonely malio difficulties to surmount

... 2/3 15/16 gere in comfort expelled only on increased and, it is believed, will before British merchant ships

war dest of trading venrals, have 30 dis.

2/4 the finest of the big trans-Atlantic continue to increase. The ship can be armed as they should be, The Admiral Degony's view

eo far led to nothing but worde. 60 ds. ....

2/4.14 ships, and seventy-eight steerage building excouragement bounties but these cannot weigh in the

4 m/s......

2/4 3/16 preeengers with standard socom- can also be abolished entirely be balance when the gravity of thin regards the insdvisability | T/T Singapore... 99

T/T Shanghai.. ..Nom. modations. Their gross tonnage cause this line of industry has matter and the interests of the doubly interesting

of creating lorilibans STO is only half that of the old been so much developed since Empire are considered.

TT Japan....... 108 4 That T/T India Pacific

How ships of the the law respecting the grant of grave the matter is can be shown of a man whose experience in T/T San Francis-1 55 14 Mail

............ 169 Nom. they 1:0 The expressions Demand, India 1694 Nom. Oriental errics. They will boanties wÓN formulated that pay on light traffic where the | yarda can

co & New York/ now rival foreign months ago-an May 3 1918-ch matters should bear more old ships would pile up a burden builders, and if the protectionist Lord Curzon replying to Lard weight than the voicings of the TT Java....... 133 44

pro-

rf lose. They are the latest word in construction. They bure oil and can be quickly ad- apled to a capacity for steaming 16,000 miles without stopping for fuel, as against 3,000 miles for ormfortable coal-burning passen ger ships. In ordinary time", $2 10 worth of oil delivered on the Pacific Coast has the eficiency of 87 worth of coal.. Automatic feeding devices reduce the num ber of men necessary to operate

from official statements. Seven

policy be withdrawn they will not Beresford

The debates in the Chamber,

ід

Tel. address: Broker.

EXCHANGE.

whole Chamber. The fates of T/T Marks Nom. be defested in a poesible cem- Lords made the statement that Germen sabmarines, should alone Demand, Paris..... 3.22 1

huge craft, particular targets for T/T Francs... 3.22 paign against foreign builders. the number

Shanghal Freight,

in the House of

of merchant

bo the reply to those who still ery | we had lost at #hips

that date was almost exactly balanced for ships of more than 6.000 tons, 4 m/s. L/C by the now ships which had been time passenger liners, declares the

register. All very well for peace. 4 m/s. DIP.................. added to the mercantile marine Admiral, but both from economic 30 dis. Sydney &

and nece sitons resson""merchant-'

6 m/s. L/O

BUYING.

Melbourne......!

3.34 isco&t New York)

2/4'11/16 2/4 13/15 2/4 15/16 2/4 15/16

56 14

The fortnightly freight market report of Messrs. Wheelock & Co., dated January 18, states: The position in our Homeward freight during the progress of the war. market has changed very littls On the 16th of this month Dr. since last writing sad the con- Macnamara, in the Bouse of Com- gestion of cargo, both to Europe mon, said that "the totel British France has lost 300,000 tone, 4 mi. Francs and America, is as great so ever; gross tonnage of merchant ships declared M. Andre Hesse, Under.

to

men of comparatively amali 30 dia. San Franc tonnage sra_dow preferable,

4 m/s. Marks ......Nom.

6 m/s. France......3.39

r

the demand continues greater of 1,000 tone and over at the be Secretary of State, and this is Demand, Germany.. oil stúpa. At present the fuel for then the supply and shipments ginning of the war showed a net the Pacific voyages in carried in are being restricted according loes up to September 30, 1916, of apparently the figure that has Demand, New York. 55 % pipes laid along the keel, in spacely, so far we

thrown alarm in certain quar. T/T Bombay ............ see alightly over 23 per cent. This CEN ordinarily devoted to water bal- there is very little hope of relief. was due to all causes." The tere. But against this France Demand, Bombay... 16911⁄2 Nom. last; also in a'amall bunker tadk The trans-Pacificfreight bureau development of the menace

has 123 500 loas of new vesela T/T Calcutta. .......................... smidebips. The oil is sufficient is increasing the rates on various the merchant marine, and the in- 70.000 10ne purobased elsewhere, Demand, Singapore, 99

built in ber awo dockyards, Demand, Caloutta... 16914 Nom. to Lake the ship

Demand, Manila across commodities from January 20.-cresia in the peril from the

11034 the Pacific and back as far Coastwine.-This market has sasion of the newer submariner,

n't yet franchised, 130,000 tons On iisiphong .......... an Honolulu, where the eased off somewhat dwing the are shown by

un fer contractioo,

24% prem 180,000 On Saigon ... pron. there figures. amount peccesary for the trip to pet fortaight owing, no doubt, Whereas, a io f.y of this year porcha-item, 40 CO0 tons Bovereign

Kam +ca, Bi OR tha uire On Bangkok ********* to the near approach of Chiness the net loss was insignificant, itrdered in England, and 13600 Gold Leaf, per oz...

66 14 8.50 Nom. new year and lower freight baro | is now 24 per cent, and it cannut or war prisms. The figures Bar Silver, per os.... 27.3/16 been obtainable, The sams sp. be supposed that the ordinary alone place things in a more plise to the Bougkong market risks of the ses have increased to favourable position than where the Saigon Bongkong rate any large extent.

WAS SUBSIDIARY COINS. What is hap generally understood. On the declined to 50 cents a pical, but pening to our owsi memantile other hand, Germany's losses are this has hardened since then and marine ja happening also in climated at one million and a

San Francisco is piped aboard.

**These are the ideal ships for the Central American service and for pulling out on new cross-cosan lines that the company sees it to out," saya' the national Oily try Bank Magasine, the Americas. "They can be made practically independant of foreign, extling supplies, sim organizing trang portation, 2 merTIDU

are

At ver

DISCOUNT' TER $100:"

67 cents a pical has been offered greater or lesser degree to the half tour, mostly mercantile, her Chinees... 20 ots. pieces dis but refund. We expect to see merchant shipping of our Allies

ona million tons la course of Chutsaso ........ 10:

the market recover itself entirely and of neutrals. So far as the constr Botion being regarded more Four 20 after new year:holidays.

former are concerned, it has

How tong10

(a 10-je als, Evene iş Men,

#

A VI

-NIGHT CARS w on Tak Dara.

SATURDAYS

Estes Car að 15 miðalgkt.

SPECIAL CARS

By Armagṣmast at the Cotonny'z OBSṣ,

De Tor Bond, "Basson and punch tickets available for all cart cot already full, renting at the time susted in the Company's time tables, but not for special there. Can' be cataload on application at the Compacy'iOffice/= No Season ticket will be issued until pej ment, there- for has been made in Bank Notas or by Chuqur,Dr Compradore order representing Book Sota."

JOHN D. BUMPERZYS & CO.

FROVIDENT

CHINA LOAN AND MORTGAGE

Lone on Mortgage of House Property ke Goods received as Storag

Advances mada on Merchandise.

Lowest made on the Provident System. (Rates and Particulars on application)

The Offer of

TRUSTEE EXECUTOR OF WILLS, ATTORNEY, &c., Undertakes and Executad.

SHEWAN, TOMES & Co. General Managers.

MITSUBISHI GOSHI

KWAISHA. (MITGURISHI CO.,

COAL DEPARTMENT,

SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTABE, KISH- IDAKE, YOSHIROTARI, KOJO, NAMA-

ZUTÁ, SAYO, KANADA, SHINKOW KAMIYAMADA, BIBAI and OYUBAR

Collieries.

Agent for S&KITO COAL,

HEAD OFFICE:- MARUNOUCHI, TOKYO.

BRANCH OFFICES-KAGASAK.

RESERVE FUNDS:

Sterling

£1,500,000 at 21-

➡$15,000,000 Silver...$18,000,000

815,000,000

$35,000,000

Reserve Liability of

Proprietors...$15,000,000 COURT OF DIRECTORS.

Hea. Mr. C. Autos

W.L. Patioden. Bog.–Chalitaan,

*. Dodall, Mag-Depoty Ubai-man

O, T. K. Edkins, 144.

CS: Gabbay, Eng

Hoe, P.R. Balyoak,

A Plommer, Meg

Tom Mr. & bellim.

CT MAXIUÉB Hongkong-B. J. Scabb, Buq.

MANAGER Shanghai, G. Stander, Esq. London Bankers-London County

Resminner, Länderda

Hongkong-Interact Allowed

On Current Acconta at the rate of % per tabl

so the daily balancs,

For

ON FLED DEPOSITZ.

For mouth, si par ceki, per RAEUM. You donis, 12 per cent, per Hitza, months, é por cmit, per annum. N. J. STABB,

Chief Manager.

HONGKONG SAVINGS BANX,

•TSE Eusiness of the above Bank is conductad the HONGKONG AND SHANGHAI BARKING CORPORATION Rules may be obtésed on application; LAZEREST of deposit is allowed on the min Lara monthly balances at (si per cent, per untuk, posters may transfer, at their optice, balanc

or mors to the Hoarkong and Shanghal Back to be placed on FIXED DEPOSIT E cut. per annum.

For the Hongkong and Shanghai Banking Corpora sion

N. J. STABB,

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Jacorperated by Toyal Charter 19XL"

HEAD OFFICE-LONDON,

Faid-up apitakon me

Res Fond Amanas.

Reserve Libility of Proprieto0,000

FOEZIGN EXCHANGE and Geners' Banking

business transacted. CTRLEENT ACCOUNTS opened and PACED DETOXIT received for 1 year or shorter periods as rates which will be quoted on application.

T. C. DOWNING,

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Office 15, Gracechurch Street, London,

Authorised Capital..........£1,500,000 Subscribed

Paid Up Reserve Fund

"

H

BANKERE:

1,125,000

562,500 $50.000

The Back of Engine The London Joint Stock Bank, Limited. BRANCHE:-

Lombay.

Calestia

Columbo

Delhi

Galla

Houghong

Hemiah

Kandy

Fort Loud (Mauritius.)

Karachi

Xota Bhar

Kuala Lump

Madems

FABETON

panghat

Singapore

FONGKONG BRANCH,

Every description of Danidag and Zachanga business transacted.

Interest allowed on Current AccoURES RE par Dan per annum ce Daily Balances, and on Fast Deposit at rates which may be uncertaload an application,

C. CHAMFXIN,

Acting Manager.

INTERNATIONAL KINGANB.

CORPORATION,

HEAD OFFICE:

25. Wall St., New York.

LONDON OFFICE: 16, Bishopsgate, EC. CAPITAL PAID UP......$3,250.000 RESERVE FUNDS......... 83,931,000 U.S. GOLD .$7.181,000

BRANCHES 1-**

BONGKONG PEKING KOBE.

MOJI, KARATBU, WAKAMATSU OTARD, MURORAN, KLAXODATE. KOBE ÓSAKA, KURE, TOKYO, YOKO. HAMA NAGOYA, TSURUGA, VLADI- VOSTOCK, HANKOW, PEKING, LON-BOMRAY

DON, NEW YORK, SHANGHAI, BONGKONG, HAIPHONG and CANTON.

Cable Address:—"IWASAKI," Codes: Al, A.E.C. 5th Ed., West ern Union, and Bentley's.

AGENCIES- CHINKIANG-Messrs. GEAR- | ING & Co., MANILA-Messrs. MAOUNDRAY & Co., SINGA- PORE Messrs, BORNEO Co. | LTD., GLASGOW-Messrs. A. R. BROWN, MCFARLANE & Co. LTD

For Particulars, apply to-

K. KATO,

Manager,

CALCUTTA

CANTON CEBU,

COLON HANKOW

SAN FRANCISCO LONDON SHANGHAI MANILA BINGAPORE

TIEKTSIN

MEDELLIN

PANAMA

YOKOHAMA

Through a close aliation with The Nuhoon City Bank of New York, the Bank is able locker the Services of the Branchor of that Institution in Cuba and South America, Namely im

RAJHA EVENOS AIRES, HAVANA MONTEVIDEO, RIO DE JANEIRO: SANTIAGO DE CUBA, SANTOS, PAULƆ VALPARAISO,

SAO

All kinds of FOREIGN & LOCAL BANKING BUSINESS transacte DEPOSITY received at rates to be ascertained of CURKENT ACCOUNTS opened and FIXED application

X. 5. MARSHALL

Managi

Hongkong; 26th September, 1916,

THE

LIMITED.

Hongkong, No. 2, Fedder Street. YOKOHAMA SPECIE BANK

Established 1880.

MARTIN'SELINE Authorized Capital Yez 48,000,00

APIOL SSTEL

3. French Bamadybryoži EspacularÇILAR," Martin's title table home, intas do the ADA

mono sala, all Quemtete and duona mil (SMA

MARTIN'S

THE ALEXANDRA -CAFE Cannot be Beaten, if Equalled for Bread, Cakes, Confectionery and phils with Wisenä LiquSEN.

Paid-up Capital

Reserve Fund......

W

30,000,000

* 20,800,000

Head Office.-YOKOHAMA.

Branches Aatung-11utun Booky

Changchen

pod

You

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