COMMERCIAL NEWS.

Conversion of Russian Treasury Bills.

AMERICA'S WAR PROFITS.

£70,000,000 Paid for a Mouths' Exports To Allies.

THE HONGKONG TELEGRAPH, THURSDAY, FEBRUARY 1, 1917.

TRIBUTES TO THE ALLIES.

GERMAN EXHAUSTION.

Lame Peace Better than Endiers Mr. Belloc on War Outlook For

Terror.

1917.

+.

HONGKONG SHARE REPORT.

&-GELLERS; 8A.—BALES; B-BUYERS; N.-NOMINAL

In a very striking and interes The new peace tone of the German Press grown in mystery and Water, Mr. Bilaire Bellos ting article in the isɛns of Land It was reported" that the Rus-:

day by day, said the Daily Express reviews the conditions in which sian Government had approached It cannot be said that America of December 7-One of the most the Allise enter the year 1917. the Japanese authorities with a request for another issue in Japan has dons badly out of the war in curious, and perhaps in a sense He ficat sets forth in detail what in conversion of the first issue of commercial sense. We have one of the most sinister features be describes as "the debit ride" Russian Treasury Bills for Y.50, collated the America exports to of this new campaign is its praise

the four principal Allies the of England. Gifts of this kind namely, our three great draw-Banks 000,000 das on February 15 next, United Kingdom, France, Italy from the Germans are even more

bucks: (1) Length and vulner- ability of communication, (2) and this report was followed by ties had proposed the issue office the war began and com from the Greeks, the fear of whicband West, sad (3) confederacy se] Unions

wer.

new Bills for no less than Y,200,-pared them with the exports to a expressed by Virgil in a

the came countries for the six phrase that will never die. 000,000. The lattor report

monthe

A whole page full of gifte of this preceding the is now contradicted and the first

Converting dollars into pounds kind is presented to the Allies by confirmed. It is elated, enyA the Japan Chronicle, that Dr. tealing at fire dollars to the that normally vitriolic organ, the Inouye, President of the Toko-pound, here are the total valuse Leipsig Neueste Nachrichten

of American exports to the four hema Specie Bank, is conducting Allies for the last six months be negotiations concerning the pro- fore the war and four completed posed conversion of the firet bitch of old Russian Treasury Bills. periods of six months each since

the war begin :- Although the terms of the con- version are not yet pablished, the 1914, 6 monthe to

per cent, per annum, with an un- derwriting fee of 1 per cent., and for the term of one year. It in expected that the negotiations will econ

be concluded, and partiulers anzounced shortly:

Commercial and Produce Markets.

London Deo. 20.-The Bank rate remains unchanged at 6 per

the Trentine, has embarrassed

hood:

OFFICIAL PRICES.

BANKS.

BANK OF CANTON, LIMITED.

HEAD-OFFICE, HONGKONG

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum.

For 6 Months 4% per annum.

For 12 Months 41% per annum LOOK POON SHAN;

Chief Manager.

BANKS.

58;

$720

MARINE INSURANCES,

11.

$375

· FOREIGN EXCHANGE and General Banking Business Transacted.

£1,

砬。

t. 150 $200

n. ex 78 $285

FIRE INSURANCES. China Fires

H.

$155 $375

SHIPPING.

b.

S.

$11614 $201

II.

$132

1.

$413

2.

106/-

4.

$54

REFINERIES.

b.

$126.

b.

$40

MINING

.D.

11.

B.

36/- 1.20 $2.40 31/6

32/9

TO MIN.

*

15 M

1

ན་

$861 $128 1.87

2.0 2.

14

yo Mini

KINKI

非家

10 Ktm

1.11 1.3. 10

*1,00 TI

15 Man

$100 TMI LO

H

10 Kum

NIGHT CARS

11.00 pm

Л.

Urals #

DOCKS, WHARVES, GODOWNS, &C.

H. K. Wharves b. Kowloon Docks b. S'hai Docks

"The Alliance bas elaborated, particularly in the West, a new tactical method which will win the war. It reached its perfection. It was almost oreated this summer. Centrals

D.

LANDS, HOTELS AND BUILDINGS.

East Cantorhinas opposed to unity al control. Yangtszes

In this part of his article Mr. Belloo reminds the world of the military achievement of Great in Frees Britain. The very excoees of that atapendous piece of creB- | Let us honestly admit that wetion," he aaye, have deceived ourselves in many lesson in the separate moral Steamboats

"was an object.Douglases things and that the course of the

qualities and separate political Indos (Def.)

lados (Pref.) war has been full of surprises.

France bas conducted herself gerias of one out of four Allies."

Shells in a manner contrary to anything what he calls "the credit side,”

He then proceeds to consider Ferries June... £-75,254,000 that was expected of her; Ruesis, and finds that the balance_is Aachi learns that it will be

6 months to

too, developed far stronger. ini affected on the same terms as the

Dec.... second issue of Russian Treasury

103,912,000 ternal strength than she had been hearily gainst the enemy. The Sugars

credited with. Above all, how- Central Powers are suffering from Malabons Bille-that ir, at an interest of 61915, 8 months to June...

201,401,000 ever, it was England who showed the blockade, the absence of com-

bined effort, and the exhaustion Kailans the world a new face altogether. of effectives. In spite of unity of Langkats 8 months to

Dec......

224,801,000 The adoption of military eer direction from Berlin, Austria has Raubs

vice, an unexampled escriâce of failed to play the part assigned Tronchs 1918, 6 months to

Jase 320,139,000 English principles, the organise Since the last ball-year we have tion of the munitions output, and her, and her failure, especially in the completed returns for thres many other things have shown the Prussian plane. On the other

onthe of 1016-July, August that in the veins of the British and September-and the total people there still we some fgare for these months alone is Germanic blood, and that England nearly £194,000,000.

is not far behind us in endurance, In September 1918 the United in valeur, and in the will to cent. The Open market rate for States exported to the four Allies sacrifice. short loans is 5 per cent, and $70,000,000 worth of goods, or

In one respect she is even we saw it rapidly increasing in H. K. Hotels discount of four months' Bank only £5,000,000 less than in the superior, and therefore particular value upon the Somme sa the Land Invest. billa 6 9-16 per cent. The Silver whole six months period im-ly dangerous to us: in the cap

H'phreys Est. market has shown continued firmmediately preceding the war. The city for cool and calculated jatic is the infliction by a local Shai Lands

summer proceeded. Its character-

K'loon Lands Dess, and the price of bate bee American exports to Rossis have reasoning to the exclusion of all advanced to 36 13-16d. per ox

offensive of greater losses upon West Points In the Rubber Shere market the amped up in valas from £44,000 emotional excesɛed.

the defence br far more than the in September 1914 to £12,742,- Like ourselves, the Briton is lone all round is decidedly firm. 000 in September, 1916. In the fighting for his existence.

cffensive auffers. We saw it!" gradually coming into play se A Japanese steamer recently case of the United Kingdom the ur, he mast win if he does not the Bomme operations proceeded. Kung Yiks Innded 18,000 bags of rice in jump in the same time is from wish to abandon all his dreams of Is was triumphant at Beaumont Shal Cottons Valparaiso, Chile. It is under- £8,000,000 $33,000,000. world supremacy. That is why he Hamel. We saw it in the two

10 stood that a stock will be carried France is now taking from the has turned a deaf ear to all whie-heavy blows which have dis- MISCELLANEOUS. for the purpose of normalising United States regularly every peringe of peace that do not come

Eector Borneos the rice market there. The meet month considerably more than direct from Germany, and why he engaged the Verdun ings have been beld of the the imported from the same quar

Donaumont and Poivre Hill, the China Light & P. b. is preparing for another formid-other day. The mere prisonere Providents Chinese Engineering and Min-er in a half year, and in the case able attack on us in the spring. ing Company, Guayule Rubber of Italy the increase is just se

There remain, then, no alter-

taken in these new blows exceed. Dairy Farms

Green Islands ed the total casual-tics suffered in H. K. Electrics Company, and the Palang Con-striking.

native; either the slaughter has to solidated Company. The China

the delivering of

them."

H. K. Ice Co., Tea market is steady, with a little that the increased exports are not earnest desire for a reasonable effectives is the determining Steel Foundries n.

An analysis of the figures abows Co on almost indefinitely or the

Bat German exhaustion of Ropes nearly all acacuated for, even chiefly, by peace must be expresard on our point of the whole thing." Trams, Low Level b. descriptions. Ccfles has met with the shipments of munitions, but part. On the part of the enemy it good competition at full to dearer consist of the usual articles of would be vain to expect it, even prices. In Sugar a firm tone has commerce drawn from every part though the existence of Europe previled, and full rates have been of the United States-Daily were at stake, obtainable for all descriptions. Chronicle,

The Cologne Gazette omits the Peppers continue to

sugar, but otherwise the mixture differe only slightly from that dispensed by the Leipzig peace

business doing in

advance.

Ex-

Rice is quiet, but steadily beld. Manila Hemp has been quiet, and prices are rather eseier inclined. Plantation Rubber. bea perienced a sharp reaction, the price for bath Standard No. 1 Crepe and Smoked Sheet being now Sa. C 1. par ib. Fine Bard Para is 31. 3d. per lb.

GERMANS' ESCAPE,

doctor:-

Like

Ewas

Yangtszepoos D

NOTICE.

NOTICE.

PEAK TRAMWAY 30

LIMITED.

TIME TABLE.

1.00 4.1, Lo 1.05 at KNOT MEI 14 ST.JC AM. Lo 18461 B.N.-20

TUS IN

WEEK DAYS!

1.00 . Every 11 Man, 10,00 AL 11:00 AM 39.45 201

4:43M

Lye and y piai, giyo na

very bali komer

(1.00

.. LOS F

SYWNY ÇEMTse of an bo

SUNDAYS

10.go aim. Every's Ki

11.00 .. NJ

ROON

160 501 49 TÀU FR

1,000

F100 P30) LO

6.00 M

1.10 P.

IT ME.

10 M

咖啡

1

ID MEM

NIGHT CARS mon Weak Dagh

Let

SATURDAYS

Cars 2x midnight. APECIAL CARE

By derangement at the Company's Offer, Alamandre Beldisgi, DM To Hoad,

**Season and prach tickets available for sit car cot already fall, renomg at the time stated in thự Company's time tables, but not for special car. Ca botaled on application at the Compary's Be No Selson ticket will be in estil pesment thare for has been made iz Bank Notes or by CheqUE DI Compradore order representing Bank Notes"

JOHN D. HUMPHREYS & CO.

.n. x. d. $39

6.

$114

n. x. d.$91

7-10 AM. 1.00

xotĵo A+Z. LO

b.

$7

11. A. 14

6.

$ 35

♫.

t. 86

$300 12. 16

LOG IN 10

5. I d,

$75

COTTON MILLS.

п.

t. 145

D.

t. 19

b.

t. 118

t. 5

11,

́$8,00

$4,30

b.

$8.90

$251

b.

$11.63

THE

b.

#681

n.

$ 160

11.

$34)

$934

$7.10

$10

n.

#81

$10/

b.

804 $6 $29

For every 05 men" that the Trams, Peak, old a the word in action to mean in Laundries enemy now has in action-using Trams, Peak, new n. clusive of the field depota and U. Waterboats b the zone of the armies, bat ez- clusive of the militarily useless Wat. Powells

Morning Posts n.

He who really and truly desires to make peace must talk European. about 20 Officers Wheeled to Store Shed That is the only language we

as Waste Paper.

anderetand and will listen to.

Cap

between

Watsons

EXCHANGE,

SELLING.

2/474 2/4 9/16 2/492

2/4 13/16 Nom.

60 dis.................. 2/434

1104 173 Nom. 1734 Nom. 564

men who still draw rations and are in uniform at work of one!

CORRECTED TO NOON THURSDAY kind or another behind the

FEBRUARY 1, 1917, armies—the enemy sees drafts of

BENJAMIN & POTTS, to eapply waetsge this and the late Share and General - Brokers,

Princes Building. Bammer. It The two German officers,

The peace longings of the part of next Lieutenant Anton Cmentek and nations can be realised ic-morrow. The Alliance in every part of it 18 grossly insufficient,

Tel, address: Broker. Lieutenant Otto Thelan, who to-day even. The useless batchery Japan's Silk Trade.

the Quadruple hamen material. Even the French Bees indefinitely larger reserves of] escaped from the Holyport Deten from which "Whether peace is restored or tien Camp recently certainly Entente till hope to Ree not Japan's silk trade daring 1917 displayed great forethought and evolved the reconstruction of people are a class ahead of the I will be prosperous. Tais is the ingenuity. It appears that the Earops according to the London. German Empire and two classes

abead of the Austrian," opinion of a Japanese silk goode camp waste paper is collected at Parin-Petersburg plan, exporter, who adda:-"In general intervale and wheeled in barrows cease instantly, if only the staten

Our superior man-power gives T/T the trend this year will not show to s store shed, outside the men of England, France, and a superiority in munitionment, Demand much change. The demand for the grounds this work being perform-) Russia will see that they need but enables Italy to hold and exhaust 30 die. goods will not be affected by thed by German orderlies. The falfil one sole stipulation which 25 to 30 Austrian divisions, and 4 m/8... continuation or the end of the war-officers conceived the idea of is made by Germany and her Justifies the confidence of the Shanghai... Italy and France are, the only being taken to the shed as waste allies, but which is a truly Eara- Allies in the future. Mr. Belloc) T/T Singapore 101 rivale of Japan's silk industry, paper and conscquently bid pean stipulation-that they ceass

closes with "a political conclu-T/T Japan but the present war has pat a themselves underneath it.

from forming any aggressive Bios:-

T/T India check on their output and it will

"If Prussis is eaved from what Demand, India.... By using a twig of elderwood coalition against us, sed that to take them a long time to re- from which the pith bad been this end the sureties against by any accident, not only our

awaits her by any error, or even T/T San Francis-

co & New Yorkĺ enperate. The silk indoetry of abstracted, they managed to get future attack which the Chancel- the United States has made efficient air in their hiding-place, or has seked for in Germany's will be occupied in the intense T/T Marks Nom.

time, but generations beyond as, T/T Java...... 136 marked strider but the economic The roll-call was answered by name, be created without more situation of America has

preparation to resist fatare peril, T/T Francs 3.30 ecme of their comrades, so that delay. raised the price of commodities the men, were not missed. When Not Viscount Grey, but the and probably in the ultimate! Demand, Paris...... and labour so that there are some the orderlies came to wheel out Imperial Chancellor it was who failure of that effort. Even those

4 m/s. LIC drawbacks for the unlimited de- the wasio. paper, so natural did by his utterances bas served the who may basely desire it will not

No 4 m/s. D/P. velopment of the industry. As the bundles look that the suspie. cause of perce of that peace for individual or group of individuals 6 m/s. L/C to the demand, the advance of ions of the armed guard in charge which to-day every nation in labour prices has raised the pur-gere not aroused.

Europe is pising.

can at this stage betray civilisa. 30 dis. Sydney & chasing power of the different

The Berlin Lokalanzeiger also tion without suffering in the 30 d/s. San Franc After they had been tumbled olasses, not only in Japsa bat into the store shed the door was wants peace, and soos in the new common rain. And if this could | in the United States. locked by the guard and the Hindenburg food ultimatam a be trus of one communitý more Therefore, the extent of the orderlies rolurned to the camp means of forcing it, If it does than of another, it is especially 4 m/s. Francs .... markets has broadened. Hitherto, with the guard. As soon as all not well, it will be better for trus of the community which 6 m/s. France..... 3.47 Japan's silk goods have not made was quiet again, the officers as to end in lerror," saye Berlin,

lives through and upon the sea.'

"Demand, Germany.. name in comparison with

Demand, New York. 5656. managed to free themselves from "than be menaced by terrors foreign goods, batthe opportunity their respective bazdles, forced without end "--

TIT Bombay - in finding a solation, Mare came Demand, Bombay, 17311⁄2 Nom to export to many markein that the lack of the door, and thus

Kere is raling! Who and what on the scene and simply decread: T/T Calcutta have learned of the low prices and secured their freedom. How they Mars is in Germany, everybody can "The munition workers want Demand, Calcutta... 173 Nom. gablity of our articles. If the obtained the civilian clothes ses for bitself. No measure is too food in the first place. After Demand, Manila... 113 Japanese producers will make which they were wearing when vigorous if the War Gud considers they have been fad you can try to Demand, Singapore. 1+134 elforts to study the Americen arrested

by Police-Constable it assessary. He does not heed make both ends meet with what On Haiphong

214% prem mukets and their needs, they will Ook at Old Windsor shortly political labels, nor care whether is left."

On Saigon .....

2% prem, find a vast field still undersloped. after midnight still remains his deeds be called reactionary, In such a way it must be made!

On Bangkok ......... 6474 The Japanese silk goode mana-

revolutionary, Ayrappio, or apar-possible to collect all available Gold Leaf, per or.... 19.60

Sovereign

8,35 Nom. facturers have made expansion in

ahietic. He does not waste time forces for the coming extreme Bar Silver, per oz..... 37 5/16 many ways but the slump of the

thinking about nomenclature, hat effort, In any case it is plain markat last year has killed the on-

acts, and does not look bɛok. that it must soon come to a Anal SUBSIDIARY COINS. terprising spirit of many. Thay restored daring the year, still an Ammonition is wanted in the spart. Better for us to end in are afraid of panos and I believe advance cannot be expected. We first place. The bad regulation terror than that we should be the market prices.will not olimb mast expect to see a temporary of the food question in the western menaced by terrors without end. to a high mark this year. They factuation but, witbal, the gen-districts was becoming a danger It must be hoped that a speedy will remain at a moderate figura eral trend is not grave but to the general production, The peace will spare Europe, this during the first term. If pdios in bright."--Boshangs.

civilian had great difficultion fearful experimen":

more

mystery:

retara to the old case,

BUYING.

2/5 5/16

2/5 7/16

2/5 9/16

Melbourne...

isco New York) 4 m/s. Marks

2/5 9/16

5734

Nom.

3.42

-

DISCOUNT PER $100: Chinese... 20 ots, písoos336%, diz. Chinese... 10

34% dis. Hongkong 20 cts. pieces Hongkong 10

pat.

paz.

PROVIDENT

CHINA LOAN AND MORTGAGE

CO., LTD.

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

Loans on Mortgage of House Propent ba Good received on Storage

Advances made on Merchandise! Loans made on the Provident System. (Kates and farticulare on application)

The Office of

TRUSTEE, EXECUTOR OF WILLS. ATTORNEY, &c. Undertaken and Executed,

SHEWAN, TOMES & Co. General Managers.

MITSUBISHI GOSHI

KWAISHA.

*IMITSUBISHI CO.)

*

COAL DEPARTMENT.

SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTARE, KISH- LOAKE, YOSHINOTANI,' HOJO, NAMA- ZUTA, SAYO, KANADA, SHIKNEW, KAMIYAMADA, BIBAI and OYUBAR Cellieries. Agents for SAKITO COAL.

HEAD OFFICE:-

·MARUNOUCHI, TUKYO.

BRANCH OFFICES :—NAGASAKI MOJI, KARAISU. WAKAMATSU, OTARU, MURORAN, BAKODATE KOJE, OSAKA, KURE, TOKYO, YOEN. HAWA, NAGOYA, TSURUGA, VLADI. VOSTOCE, HANKOW, PEKING, LONDON, NEW YORK, SHANGHAL HONGKONG, BAIPHONG and

CANTON.

:

Cable Address:-"IWASAKI," Codes: Al. A.B.A. 5th Ed., West- ern Union, and Bentley's. AGENCIES:- CHINKIANG-Messra. GEAR- NG & Co., MANILA-Messrs, MACONDRAY & Co, BINGA. PURE-Messrs, BORNEO

Co.,

| LTD, GLASGOW—Mrests, A‚R. BROWN, MCFARLANE & CO, LTD.

For Particulars. aplly to- К. КАТО,

Manager,

Iongkong, No. 2, Pedder Street,

MARTIN'S

APIOL STEEL

PILLS

2. Pronat Hamady loyal| Erengutustilan, Martina Plaja TAN PORN. DE GAS in the trai

MARTIN'S

APIOL SPEEL

BANKS

HONGKONG & BHANGHAI BANKING CORPORA.

TION.

-------$15,000,000-

Paid-up Capital. RESERVE FUNDS:

Sterling

£1,500,000 at 27-- -$15,000,000 Silver...$18,000,000

$23 000,000

Reserve Liability of

Proprietors.15,000,000

COURT OF DIRECTORS.

How Mr.CE Anto

V. Patandan Chairman.

S. H. Dodwell, Lag.-Deputy Chairman G.T. I. Edkits, og

Chu Cubbay, Bu

Hon. Mr. P., Holyoak.

J. A Member, Eag

Lon. Mr. Khellim

CHIRY MANAGEN

AK

Hongkong-N. 2. Staḥb, Req.

MAXACER

Shangbaina 0. Stegben, Esq. Lodos Banga-Aandan Courty and Westminster, Limited.

Hongkong-Internet Alicmed i

Oe Operant Accomes at the rala of 3 par cunt. -

manum ca se dally balans

ON FILED DEPOENTS, For 1 months, 2 per cal per annum. For 6 months, 14 per cent, per kalam. J's mobs, e per cent per

N. J. STABE.

Chief Manager.

HONGKONG SAVINGS BANI.

TRE Bailes of the above Bank le conducted by: the HONGKONG AND SHANGHAI BABKING CORPORATION, Rules may be obtained on application: INTEREST on deposita is allowed on the mka.

chly balances at Si per cent per G Depositors may transfer, at their option, balancet

of $100 UT MOTE to the Hongkong and Shangan Back to be placed on FIXED DEPOSIT ma cent, per annum.

For the Hoogkong and ebanghai Lanking Corpore the

N. J. STABB,

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA

Incorporated by Royal Charter tiga.

HEAD OFFICE-LANDON. Fald-up Capital....

Reserve Fund.

Reserve Liability of £100,000 Proprietors. Dos

FOREIGN EXCHANGE and General Banking

business transacted. CURRENT ACCOUNTS opened and VIXEL DEPOSITS received for year or shorter periods, s rate which will be quoted on application. T. C. DOWNING,

Manager Hongkong, Lith April, 1512.

THE MERCANTILE BANK OF INDIA. LIMITED.

Head Office 15, Gracechurch

Street, London. Authorised Capital Subscribed

Paid Up Reserve Fund

13

......£1,500,000

***

1,125,00€

562,500 550,000

DANKERS; The Bark of England The Loader Iain Stock Bank," "Limited. BRANCHE:-

Bombay

Calcutta

Colomba

Delhi

Galle

Hongkang

Howsak

Kanty

Port Lecis (Maurizika)

Karachi

Xola Dhara

Kuala Lump

Миства

Репаде

Rangood

Lingapore

لوداع موداع

HONGKONG BRANCH, Every description of Banking and Exchange- business unducted,

Interest allowed on Current Accounts as per cont per aurum on Daily Balances, and on Find Deposit at rates which may be ascertained on applicatio

C. CHAMPKIN,

Acting Manager..

INTERNATIONAL BANKING.

CORPORATION,

HEAD OFFICE:

Wall Ec, New York.

LONDON OFFICE:

36, Bishopsgate, E.C.

CAPITAL PAID UP......$3,250.000 RESERVE FUNDS...

$3,931,000

U.S. GOLD.........$7,181,000

BOMBAY CALCUTTA

CANTON CEBU. COLON

MANKOW

BRANCHES

HONGKONG PEKING,

KOBE

SAN FRANCISCO LONDON SHANGHAI MANILA BINGAPORE

MEDELLIN TIENTSIN

PANAMA

УОКОНАМА

Through in close affiliation with The Nationa City Bank of New York, the Bank is able to offer the Services of the Branches of that Institution in Cala and South America, Namely :—

BANIA, BUENOS AIRES MONTEVIDEO, RIO DE

HAVANA JANEIRO: SAÚ

SANTIAGO DE CUBA, SANTOS, PAUL'), VALPARAISO,

All Mints of FOREIGN & LOCAL BANKING BUSINESS transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be. Ascertained ca application.

8. 5. MARSHALL

imper.

Hongkong, 26th September, 1916.

THE

YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880..

Authorised Capital Yen 48,000,008 Paid-up Capitāl

30,000,000 Reserve Fund...... . 20,800,000

Head Office.-YOKOHAMA.

Breaches

Bomber Celestia Changchun

Lec-Yand

Lyons

Loy Arge

and

Agrodies" Nagasak

New York

Faldag

J

Sam Franc so

Syd

Tokys

Internet Allowed on Carosi Lommeum -- Deposits valued for dead pected at ratio adia

THE ALEXANDRA CAFE Cannot be Beaten, if Equalled for Broad, Cakes, Contectionery

THBHI OKO, MI and meals with Wines & Liquets.' Hongkong, th Sept. 11 16

ba

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