SHIPPING.

*WER EN novegaVER

YET,FGRAPH,

AMERICAN EXPRESS COMPANY.

BANKERS' · AND

FORWARDERS.

ESTABLISHED– 184),

HEAD OFFICE-85 BROADWAY, NEW YORK. CAPITAL AND · SURPLUS-D. 8. $25,000,000, D. LONDON OFFER—M, QUEEN STREET. E C

6. Haymarket, 3. W..

11, Elbury Street, 2. W.

Branches & Agencies—throughout the world. General Banking and Foreign Exchange. We maintala Foreign Trade and Travel Bureaus. American Business a Specialty.

CHINA MAIL S. S. CO., LTD.

SPECIAL SAILING

S. S.." NILE "

HONGKONG to SINGAPORE.

The S. S." NILE " will sail from Hongkong for Singapore diet on Tuesday, June 1st,

at noon, rurning or about June 14th.

For full pasti

A regarding freight or passage apply to 0. H. RITTER,

Telephine. Passenger Dept..... Telephone. Freight Dept, & dient.

Agent.

19.44.

2161.

STRUTHERS & DIXON, INC.

OFFICES: San Francisco and Seattle, S.A., Shanghai,

China; Manila, P.: Kole, Japan. Saigon & Hongkong.

USA. PACIFIC COAST÷JAPAN, CHINA &.. PHILIPPINES.

For Seattle and Vancouver.

U.S. S. B.

S.S.

"WEST JENA"

9th June, 1920.

also

TERJUNASTROZOR WIED

COSMOPOLITAN SHIPPISit m

NEW YORK.

BERN. SITAHALINE.

NEW WORK.

“HOKOKOSO OFFICE: 1st Floor Pawell's Building,

12. Des. Vaux Rd.

Telephone 300%.

IRON INDUSTRY IN JAPAN.

EFFECT OF THE SLUMP.

ود

į

Yorkshire Insurance Co.

Limited.

ESTABLISHED 1884.

The Undersigned AGENTS for the above Compaar ats prepared ›› 'ACCEPT RISKS agains: FIRE at Carrent Rates, SHEWAN, TOMES & CO. AGENTS.

"MARTIN'S

APIOL & STEEL

PILLS

A Fren¬à Remedy-dur sāk irregularias. Thousandmar Lažien alussa koep a dea e! Martin's Pil rm the bourg, sa ila 62 158 APVT Sura ni ang Irregulazing ad → the Svatra a tinely dhow may be ac

DIMALÉ Lärm, hence tâRI Z ERDI TEGASA Kala,

Kamughout the World, op punt 1200 5. », MALAIN, F. bemte), SouthAM PIVO, DA MARTIN'S

APIOL & STEEL

for_kalves. PULS

SAVA

E'S

I SANTAL CAPSULES

PHYSICIANS RECOMMEND THEM Of all Chem

Mundo ko La

TUESDAY, MAY

BANKS.

THE BANK OF CHINA.

(Specially authorized by Pre sidential Mandass of the Republici of China on the 22nd of Novem ber, 19170

Authorized Capital.$60,000,000.00 Paid up Capità)...... 12,279,800.00) Reserve Funds

3,197,400,00

HEAD OFFICE: PEKING HONGKONG BRANCH: 20'21/ Connaught Road Central Bran- ches and Sub-branches all overi China and Correspondents in San Francisco. Singapore and Tokyo. London Bankers-The National}

Provincial and Union Bank of England. Lid New York Bankers-Irving

Trust Company.

19

Interest allowed on Current Ac-

counts and Fixed Deposits. Terms on application, i

Every description of Banking

Business transacted,

Loans granted

securities.

OD approved

Special facilities far. Home

Exchange.

Interest on Fixed Deposits at. the following rates-

For 3 months 3 per ann 1 For 6 months 47 per annum For 12 months 5". per annum

TSUYEE PEI

Manager.

THE INDUSTRIAL AND

95, 1020.

BANKS

BANKS.

--HONOKONG AND SHANGHAI BANKING CORPORATION.

ASIA BANKING CORPORATION Capital

HONGKONG.

We handle all financial transactions incident- to Foreign Trade.

Current Accounts kept in Gold Dollars, Sterling and Local Currency.

the use

We offer to put Importers in touch with American Manufacturers and Exporters, through of the Special faollities of the Foreign Trade Bureau of the Guaranty Trust Co. of New York, which are placed at our disposal.

HEAD OFFICE:

#1

NEW YORK.

OTHER

BRANCHES:

SHANGHAI

HANKOW

PEKING

TIENTSIN CANTON

MANILA

CHANGSHA

Manager, Hongkong Branch.

D. M. BIGGAR.

COMMERCIAL BANK, LIMITED. THE MERCANTILE "BANK OF ·

fral fee: De Vorax Bead Cratial

Hankow Branch. Buwan Conervtion. DOMESTIC & FOREIGN BANKING, SERVICE-PKOMPT--

J. USING LY. Hongkong. 7th July, 1919.

Manager.

BANQUE INDUSTRIELLE

DE CHINE.

FRENCH MAKES

INDIA. LIMITED.

Hand Dec. Gearrebarib Sseret. Kan let _*_(!

1.550,100

Nadeeribra Capital

Paisup

700.000

575, on

Pal Up Authorised Reter Fas) auri Rav

BASEFRA

enfargo on the export of iron, it dealt a severe blow to the Jappear iron market, which did not fail to have its effectan the iron industry. Frices fell precipitatel pigi Current Savings, and Fixed: iron from Y558 per ran to about Deposits bear Interest at Rates Authored Vapital YI, steel plate from: Y2,500 to 2, 4, 5%, respectively. about Y300, and iron bar from Y401 about Y130. The dif culties of bath- the dealers and manufacturers became acute. The cost of prodegtion, however, re- mained as high as ever, and this) added to the difficulties of the spelters. Many stonworks were elused, while dealers who had been carrying pu a speculative ramble, went bankrunt. Endear

HOW TO AVOID

INFANTILE AILMENTS.

Ingað England

-The Landpa dansi nek a bank, 1:4 MEASURES –

Rem

jak»*** *m**

Hongen

t

Katachi

Kata Byara Kuala Lang at Meta

PORINA

Banten

whangha

HOSE KONG BRATED

Menu Smartistion of Bament and Viênanger

- pet 80

1 SASTER.

uts were made to keep up thei

When there are diseases pre-m market through the reduction ofj output, and this was done, but if i wotein (C the season, it is most

"Date, and h 21༤:iubeota*སྐར་ཆ་"bhect!!!ཤ jlut not bring about agy mice. dangerous for Infants and

worthy result for a long time. great care must be taken in feed-1-6 assitātesða mann Lych mustarves, it followsing them with proper food: other- THALIENS Thempir-wise they will giveMothers;

in a lot of trouble. To avoid that thricemen, 15:3 which came into existence great force, found themselves in trouble is to feed them with which resembles able to pay any dividend, even for LACTOGEN

1

HEAD OFFICE:--

the best half of 1919, when they human milk: easily digested and THE BANK OF EAST ASIA LTD. Estill had the vantage of the ex. the promoter of healthy appetites. !piring impetus of war. The Nip. It keeps the Infacts thriving and heun supply was also subjert toj pan Steelwurks, the Fuji Steel Free from all Infantils Ailment regulation. Those who could works and the Osaka Ironworke get iron were not slow in turi gi for testation, either suffered a less this situation to their advantage, ing could not pay ang dividend, The shipbuilding and meebnitati

SMALL WOEK: VRAAGDEN. From the beginning » the

present year, howett, things

began to zeroyer wenkwhat, as

various reasons,

and are being closed, while it is reported that two or three of them paries owing their existence have long since been resting."

ft

ACTOGEN

#

竅牛奶粉

No. 47 & 13. Conmuchs Road Central Blangkong. Telephone Now, 1970 & 1480,

I

TIME TABLE,

In view of the present slump, industries were in need of great| which is afferung practically all quantities and willing to pay any branches of Japan's industry and pace Prices commerce, the Murrieta passes its; the prospect of the iron the inquest of them from England review the conditions of Japan's idustry become brighter. Caputal and America bem cult for iron industry today. It will be here with money to invent were remembered that the industry out slow

All went out in sizing this oppon- shower remarkable dessinment unity and many new or enlarged or nonthly it along March during the war, the cause being a concerne sprang up. The Nippon sudden stringents of money, iron, i when the shrimp rame. With the stimulation through the stoppage Steel Pipe Compang, Thebeska of foreign emply heparisition with. The imports, poureditia fees me though she still to day relies on works the Tokyo Steel Manuf

'Every difficult to hold, and privest foreign supplies, was far muretors, the Oshima Steelworks, the deer when camp tred with these

purities in 4 www.ne SHIU FUNG TAI & CO. largely dependent

pre-war : Sippon Steelworks fret de Sipel of foreign markets, while there is times.

her ine industry iron previously ment the no prospect of an early recovery.

Sole Agents for Hongkong and TD those days was "only", in: Puji Steelworks, the T Steel Small companies are in greater

South China, a primitive stagr.

it works the Tuga, Athan-hat difficulties than the larger uIDON, *** .unly g disregarding Penkihn, and Kyomite ronworks, all commercial and economie eth, were among the leading con considerations that Japanese iron could be put on the market in at least their importance to the Fears are expressed that if the PEAK TRAMWAYS CO., LTD. competition with British, Ameri- war. The output of piz-iron con Stump continues long, of which can and fierman iron, by the sequently considerably increased. there is unfortunatels every State ironworks at Yawala. as compared with the pre-wa-sibility, even those ironworks Kamaishi, and Wanishi, and the level, amountics to about 60,000 still at work ran only be saved, Nippon Steelworks and a other small concerns. This was

from bankruptcy by specialising; THE DISASTROUS PEACE. AS in some particular line. far from sufficient to meet the domestic demand, the rest being) It was expected that if things: supplied from abroad. Among the continued on these lines, Japan above works, the Nippon Steel- would soon be independent in her

DEARER FRENCH PAPERS, works undertook and still under-supply of iron, and the Gover-|

Representatives of the National! takes mostly the manufacture of ment and the people encouraged Office of the Press have asked the firearms, while many other works the development of the industry Prime Minister to instruct the. served very largely the require in every possible way, loot the Minister of Commerce to issue a ments of the Government rather war came to an abrupt end drore fixing a than the demands of the people, so the proclamation of the armisti prices for newspapers and periodi

new scale of) it will be easily understoodihatthe in the autumn of 1918 deilt v

cals. It is proposed that 4-page industry was anything but satis-sevite blow to Japan's infr.

should cost

·TISWSPAPEIS

24 factory. So far as nominally dustry, coming as it did? 19' instead of 1. 3-page rapers 1d. private undertakings went the the moment when it wasding and certain periodicals with two output of pig-iron at that time solidified Brmly. Fears wers to small pages 1d. Newspapers stood in the neighbourhood of expressed concerning the with 4 large sheets would cost oely 100,000 tons a year. Things,sibility of a great decrowd. instead of 1940. as at pre- however, took a sudden change demand for iron and prices sent. M. Millerand approved for the better. doring the war, to fall. The prospects of the rip this proposal, which is supported Imports from England and Ger- pearance of foreign manuse by all newspapers throughout mapy came to a standstill, and‡ecame imminent, and wi after America came in the Amerland and America lifte

few tona.

France.

YT:

*

50 pw

m

$50

NIGHT CARS.

יק:

st the flisene Krpallje Chairnska vl the Board of Directors

General Mag

75.000,00

Reserve Funds

Sterling... Silver...

-- $15,000 Ang--

£1,500,000 $33,000,000

Reserve Liability në Proptiniam 113, make

The

› CWIT OF NIEKTORA:

WT. IT A PARD~€21:1992

A. Campion Kay-Dopath Charian.

JUT.. Jaine

Nua, “We J. Tohuweza i ... Gussa. Eng.

ang Eng. W. L. Parkada. Bant [171ve ir P. El Hubymaz! 2. A. Plummer, the

L.

Chie! Hansen:

Hoeghar-X. 3. STABU, Kny.

koting ManagOP! Maybe. IL STITT. M.

LONGWER BANKERS: LUXDOS COUNTY AND WESTFIRES

a PARK'S BANK LIMITED, Various aceput o opał curre243. and Fixed Deponize prozitet log:900 HAP LY thestar perince ZTERNÝ And Sherzing in ferige which stylibe eusted aräppimattomu

N. J. STANB. Chief Manager,

Hongkong, March 1st 1990 HONOKONG SAVINGS BANK.

THE Be at the shave kann to examenea De 13+ H1NGKONG AID SHANGHAI RANKING |(ORPORAIKIS

Ruido may de obtainam na applicaties. INTEREST deposits is a Forest w

sikły balesome av 854 per aque

Carparati

14

fur, Lập Tortur sed seared Bri

N. J. STABB...

Chief Mujingur.

THE CHARTERED BANK OP INDIA. AUSTRALIA AND CHINA

Covered by Bowa! (kx5|07 145A

PATTY CAPITAL ZERZAYS FUNK... CENERY LIABILITY P

PRIETORY

FAREK EXCHANGE and Geners? Bend- 102 Brubeln temanazted.

PR

TEREST strerats uponed and FISTD DEPUSTIS voceitest far as 6307445 persim'a fal beqaged >* 19

J. L. CROCKĄTT,

Maneger. Hongkong. 11th April, 1914.,

BANK OF CANTON LIMITED.

50.000.000 HEAD OFFICE, HONGKONG

Andre Basismla!

A 2 Perunita

HEAD OFFICE.

Ta. Kue Basah-karaze, PA JOS.

Loun

Katomite

Hon

Versione

Peking

Hankow

Hanging

IN FRAMES

BRAN MEN

4.5

BEY

----hu

Santa Cometal pain,fameuses, Esant dat someone at in 11 már a time fra IN LOSER, London Bags City and M.Pand

Bank Limited] NEW YORK: Belmond Ca

15

Castro pencinta centers at the t

FOREIGN EXCHANGE and General Backing Business Transacted.

INTEREST ON FIXED DEPOSITS.

For 3 Months 3% per annum.

For 6 Months 42 per annum For 12 Months 44% per annum.

LOOK - POON SHAN,

Chief Mariager.

THE YOKOHAMA SPECIE BANK LTD.

EATURE AND 100g.

int spesial

· Reiseze Band ...

TELFURAPHIC, ADDRESS

FUIMANKIND

1

No. Queen's Road Centi. Paid-up Capital ... $2,000,000.00 200,000.00 Herre Fund......

Directors

Imp. Kecat Foreman zadi fonist Terme as_ashliratina.

Tanya Jezigten af Banase and Koha Ja

paris' Tamalatinete Preach exchange.

KULT D 1OURNEL

Masker.

Kan Tigh

17.

Kang Chu

1 3.

- Chriz Kong.

Tun Taba.

hasing 45ms,

Kavaj ng mang luk

$

Ave. Managretala. Tre Fone. Emy

Stand-

*****@st

at the park of a per

and Enhange f-the Presse 10

Food Deponite at the filming ratne tim

For 3 months authe rate of 1 14 per annum Yue à month at the rate al

ca For 13 mum'he time patenta % per e

K

Fshat

FuNeu***

**A 170,000.00

1^0 $5,500.00%

HEAD OFFTK. YOKOHAMA.

Brancher and Agfaziev på

Kai Fres

haber

Lenden

Satyabay_ Chigns Mas Franci00. Nestle

בניח"ד $13

Jhenzhe

Erwten Unis

Lyne Era Angulen

aolin

Kagawaka

+AXE

New York

Tieuten

Paling

Yonesia

Tuki-

JAN

BANQUE DE L'INDO-CHINE

EL BACK.

That,vorfork Teszan

Interen aldeemed na Curtea: Asvavatten. Deposite penived for keed personi at 15:09, be iba shtabend is a police1349,

R

30.500.00

BRANCHIA AND AGESTIES

Bestem has

***

tap

KAS TIPA 193

The Wkzwgay

Hozanat. Pahasara 124, 1923

Ba

Hankow #ton Ti

JAUT Pepe #king

Sturgeon Shanglar Mangapore

THE BANK OF EAST ASIA LTD. 司公限有行錕亞東

Head Office

F++

Postbeheer

BUNKERS

Vientaln

Vane

Maneger

∙Hoxkong, 15: h. March 7229y

INTERNATIONAL BANKINO

CORPORATION,

JAPANSE AND AURYLES TVDITIDEN PROFSTA

500,000

NEW YORK

HEAD OFFE

LUSION LA Nishopsgate, F. * LEONA Place Tolon SAN FRANCISCO, 132 Montgomery st

15 FRASCE: Enmurram Satantial †Yacompte 4 HINA - Funton, Markove, Harken, Hongkong,

15

15 mus

12 ma

No. 2. Querr's Houd Central, Paid up capital $3,000,000.00

Directors.

$50 pins, 32′′ poni, 2.70 gym ite 31 31 m vertz 130 marts (11 455 m

· SATURDAY EXTRA CARS.

6.30 pm

11 50 might

SUNDAYS.

1

15 min

1.00 pm.

NIGHT CARS.

A Week Thage.

SPECIAL CARSI

Be msrangement at the i Almendra Buildings:,, JOHN D. HUME

10 min.

Strap War Tinz, Chashmi

Mr. Chen Shah Son,

5 Ying To Mr. Chew Ching shak We, Thay Kai Kang, Mr. P. X. Kuni.

Str. For Pang. Shazi M. Sg Chang Lu

Chief Manager. Mr. Kan Tong Pa. "

Asst. Manager.

Mr. T Faz

Terry cinerastim of Banking and "Exchange

Lonas granted on approved mestitim Interest allowed) at Current Deposit Aznara) at the rate of 2 per cent per activitat, Not Yix Drita di- the following rates.com

on

-

Die 3 months at the rate of 1% pegaenum,

Farh showSheps the rate of 4%, peZ MANGA - Ing. JZ men but at the rat per saa

LOAN TRANG P

Ja Parin; f'radi: Lamonnaie: Pangun

Prking, Shanghai, Tientsin. Triggias. Pape cow-Pa-Bo; monitio IwMINICAN REPURI Puerto Plzen, ad Industriel en Commercint Sourate | Pedas de Muroria, Saneder. Saatioon, Lizarrain.

SENIN İMƏDİSE,

J

LUNDEN: THE Sangyal Fominciat und 1SNIA: Booba faluita, Rangoo

Bacon Bank of England End, OR JAPAN - Kule, Yakabana. plast Satineal Exemptede Paris: FAKAMA foms. Pens

JAVA. Batatin, MouraČMEN, Šerelis Lgamaa,

Marten

IS SEW YORK: 2/2

Intravet, aileend nas. Engpagt) dentante pail

Fixed Limpenjar ageording to arrangTMANI.

Fares droneption at banking and knebanya

ܚܐ

BLADGAGER.

Stan.

Hobsbe. #etriber 2145, 1823.

:

TRE CHIFFSE WERCHANTS BANK. LTD..

DARK Ħ ER

Hoa Orfici

· Alesandra Buildings, Charar Bart.

cind

Bazilet and Exchange "buri to do a

PINLIPPINE JALANDS Cebu, MamiN- STRAITS JETTLEMERTA; Mengkoorg.

BEASTIEZ er THE NATIONAL ENT BASK OF KEN TOER. ARGENTINA? Beran, Aige, Unor) (hve som

Vip Revi

BELLISSU: Antury, Retentie, ERTZ7L: Bahis. Frenammern. Pero "Amer.

Burde fapean, Sautna, Haus, kwake. · FISIK, Santingu, Valyasnjeri (CHLOVENIA : Bázisequila,, Pozeran, Mostelinj LeTMA; ilavena smil 22 other cities in Cuba.

PEAL: LI

PORTARIA0; Ponge, San Juan. RESTS: Museum, Vetrograd, MOUTH AFRICA: Cape Town SPAIS : Karcelona, Madzik. TRINIDAD: Pese of Spain

opiidro).

A9 are rigtinge of baskluz kuringm lizar serad.

Loans granted an approved werzitler.

Interent siūzikā, no antivar, servants mad Carrens Reconstaupened and Fized Deponite | weak drpenti a falen), ar ferville énzrencies at zoteived, at rates which may be meertained rate in be reclaimed on application. Det applices jaa,

HE. MARSHALAN

The Bank abo toplanty = Savings Departe

medi.

•Chief Wanneer.

“Kozgkuna. 17th Stwv, 1920

+

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