SHARE-QUOTATIONS.
Chartered Bank
Mercantila Banks A & E
Marcantile Banks O
P. 4 O. Bank
THE HONGKONG TELEGRAPH,
FRIDAY, JUNE 19, 1925.
BANKS.
BANKS.
BANKS
HONGKONG AND SHANGHAI NEDERLANDSCH INDISCHE HANDELSBANK THE CHARTERED BANK OF
BANKING CORPORATION,
Stock Exchange,
Sharebrokers' Association.
Banks.
H.K. & S. Bank
.62.
1276
1790
(London)
HEAD OFFICE: HONGKONG,
Issued and Fully Paid-up
$50,000,000 $20,000,000
Reserve Fund
Sterling
£4,500.000
$20 500.000
Reservs Liability of Proprietors
।।"
Canton
Nerth China
Union
Bank of E, Ania
11.
Marine Insurances.
China Underwriters
$140 207
50"
206
Fire Insurances.
200 .670
Shipplag:
Yangtze
China Fires
H.K. Fires
H.K. Steamboats
H.H. Tuge
Douglases
Indos (Pref.)
Indos Daf, Lon/Reg.
Indon Dof. H.E- Beg,
Shella
Ferries
Wator.bonta
Oriental Navigation
China Sugars
Malabon
Benguet Consol.
Kailan
Langkala Combined
Rabba
Tronch
Ural Caspians
H.K. Wharves
K. Docks
14
D.
R.
Refineries.
Mining.
6'hal Explor. New Issue
Hongkow Wharves
New Engineeringa
Shanghai Docka
Docks Wharves, Godowns &c.
Lands, Hotels & Buildings.
b. 134. 13.60
11.
182
114
2.
200
D
136
..
IL.
H.A. Flotele (cùm ris)
Do. (New) Prom..
H.K. Doveopment
17.
a0c14,
K.K. Land
301/8
H.K. Realty.
b.
H.X. Torritories
Humphrey Estate
Princes Building
n.
Ewo' Cottons
Dr.
Do.
New
Do.
(Com.)
New
Cotton Mills.
لام
Miscellaneous.
26.
b. 31
32 a. 31/30!
302
121
Orientals
Shanghai Cottons Old
Shanghai Cottons Now
Canton Icela
Coments (cum rte.)
Do.
(New) From (Com-)
China Buses:
China Light, Old
China Providenta Old
Do,
Constructions
Dairy Farmi
Der A Wing (T.p.).
Do.
Electrics HK.
(p.p.)
Electrica Macan
Hongkong Ropes Old
H.K. Rupen (Now) Prem.
Ropes (Combined
Hongkong Tramways
Lane Crawfords
Mackintosh Peak Trame
Peak Trama
Sincere
Тахів Waterme
W. Powell
Nanyang Tob.
37 38
Old.
1.
New
1.
·Old
New.
Hongkong June 10, 1925.
10.20
n.
SHIPPING NEWS.
ན་
བྷཱབྷོཛཀྑུཏྟི ཝིཙྪཱཛྫོབྷཱཝ བྷ ཝིཎྞཏཱིཏོ ཙྪཚོསྶ ཐཙ, ཙྪེཝབྷནྡྷངྒྷ ཝིཀྑ ༠ཎྜཱ ནཱ ཙྪཱབྷཱaཤྲྰི ཨཱ%a སྐབྷཱནྡྷཐཱ ཀྑཐཱཎཝནྟུཎཱདཱནཱ ནཱཏཱཝབྷཱུཏཱ ཨཱཝབྷཱཝui
10,
271...
The following local shipping and mail intelligence has been
corrected to noon to-day
Vessel
Phranang
Hopлang
Gharinda Katyan City of Madria Pres. Lincoln Fros. McKinley Van Overstraton-
Sun Li
Draf
Kalymo
Wah Shan, Walenna M. AKPM.
Agents
Vessels Arrived.
Cheong Yu
M'M & Co.
Buk
Line
Bank Line Dollar Line Line.
ICJL
Hong Kee
Thoresen Herrman & Co.
Kui Len NYK
Lima M. Hozan M.
0.6K
Vessel
Hakusan M.
Talamba
From
Sama Bay via Hoihow Rwatow
Calculta via S'pore
Barnburg
San Francisco Via-Manila
Seattle via S'hai
Amoy in Swatow
KC Wan via Macao
Bangkok via Hoihow Black Sea via Sabang KC Wan Nagoya via Moji
Melbouru via Marila Birkenhead via S'pore Keelung via Swatów
Impending Departures.
(Compiled from our Shipping Advertisements.)
Agents
NYK
P&O NYK
3 M
& Co.
Washington M.
Hinsong Yatshing
Haiching
Iya
Em, of
M.
Asis
Cheongthing
Kutung Mann
JAI & Co.
NY K
NYX .CFG LJ.
IM & Co.
P&O
Malwa
P&O
Tamba M.
NYK
!
Vessel
Tamba M.
Eni. of Canada Kutori M. AEGUER M. Tourcoing
Destination
Antwerp
Moji Kobo
Sandakan Swatow
Fouchow
Date.
19th June
Authorised Capital
Silver-
$29,000,000
COURT OF DIRECTORS:
G. M. Young, Esq. Chairman H. P. White, Esq. Deputy Chairman D.G.M. Bernard, Esq Hon. Mr. A.O. Lang W.H. Bell, Faq W. L Pattondon, Eng A.II. Compton, Esq. J.A. Plummer, Esq. Hon.M.PH.Holycak T. G: Weall, Esq.
Chief Manager
A. H. Barlow, Esq.
Manager: Shanghal-0. H. Stitt, Esq.
LONDON BANKERS: WESTMINSTER, BANK LTD. CURRENT ACCOUNTS open-
Exta£lished 1863.
Pald-up Capital and Reserve Fand Glds.......... 70,500,000 £6,375,000
AMSTERDAM
HEAD OFFICE EASTERN HEAD OFFICE:-BATAVIA.
BRANCHES.
Amoy, Ampenan, Bandoang, Bombay, Calcutta, Choribon, Gorontalo, Hongkong, Kobe, Makassar, Medan, Manado, Palembang, Pekalongan, Probolinggo, totterdam Semarang, Shanghai, Singapore, Sourabaya, Swatow, Tegal, The Hague," Tjilatjap, Weltevreden.
LONDON REPRESENTATIVE :—F, 8. Wright, 27, 0ld Broad Brest, London, E. C. 2.
CORRESPONDENTS:
LONDON: Midland Bank, Ltd., Overseas Branch, Westminster Bank, Ltd., Foreign Branch, N. M. Rothschild & Sons and Swiss Bank Corporation.
NEW YORK-Chase National Bank, Farmers Loan & Trust Co., Irving Bank-Columbia Trust Co., Goldmun, Sach■ & Oo., New York Trust Co.
And in all the principal towns of the world.
INDIA, AUSTRALIA & CHINA..
«ТОРРА
"SYSTEM
The Gold Brick In Indon
Toppa, an old method of chante (Incorporated by Royal Charter 1853.) ing widely practised by Calouffa orooks some years ago, seema to Paid-up Capital.
£3,000,000 have appeared again in the city. Reserve Fund................ £4,000,000 says an Indian journal. Thos Reserve Liability of Proprietors £3,000,000 method was to locate newcomers Foreign Exchange and General Banking to Caloutta and then to approach. basiness traninsted.
Current Accounts opened and Fixed them, of course, secretly with Deposita received for 1 year or aborter one or more pieces of brass cut periods at rates which will be quoted on and coloured like gold. The application.
A. H. TERGUSON,
Manager.
erooke would offor the motal for aale at any price, and in this. way a large number of people woro duped.
EVERY DESCRIPTION OF BANKING & EXCHANGE BUSINESS DOTTY PUNCTUATION. chanan Das was arrested lately
TRANSACTED, CURRENT ACCOUNTS. DEPOSITS, etc.
od in LOCAL CURRENCY and FIXED DEPOSITS received for THE
one year or shorter periods in Local Currency and Sterbug on terms which will be quoted on application.
Hongkong, 21st., Fob... 1924.
HONGKONG SAVINGS BANK.
The Business of the above Bank i conducted by the HONGKONG AND SHANGHAI BANKING CORPORA. Rules may bo..obtained on
TION O
INTEREST on Deposits in calculated
pleted
on the lowest balance during each com
Calendar Manth at 3 per cent per Should there be no balance on month an interent will be
annum. buy day in
allowed for that month.
Depositors may transfer at their option Balance of $100, or more to the HONG- KONG AND SHANGHAT BANK to be
place ou FIXED DEPOSIT at OUR. RENT RATES.
For the Hongkong.and Shanghai Bank
A. II. BARLOW,,
ing Corporation.
Chief Manager.
Hongkong, 7th. January 1925,
司公理管業實法中
SOCIETE FRANCAISE DE
GERANCE.
-
DE LA BANQUE INDUSTRIELLE DE CHINE ETABLISSEMENT FRANCO
CHINOIS... (Incorporated in France).
5, Chater Road, Victoria, Hongkong: HEAD OFFICE:
74, Rue St. Lazare, l'aria.
Capital France..... Retorves Franc
زاد
BANK OF EAST ASIA,
LIMITED.
HEAD OFFICE-HONGKONG..
Authorised Capital Paid-up Capital - Rozervo Fund-
$10,000,000 L 1,000,000 1,000,000
DIRECTORS
Hon. Mr. Chow Shou Son-Chairman
Mok Ching Kong Fung Ping Stan
Li Koon Chua ... P. K. Kwok
Ng Ching Luk Pong Wai,Tiug
Kan Yan Po
Chan Ching Bhek
P. MARKS, Mangor
A young Bengali named Pan- on such a charge. It is alleged that Fanobanan, who had a large picco. of brass weighing about Bix tolas with him, followed an," upcountry man for some tima în Harrison Road, and when at a socluded place, he showed the The late Sir William Robertson man the piece of gold-like brass Nicoll, who, despite a regrottable and asked him to purchase it, (Owned by the National City Bank of leaning towards Little Bethelism saying that his (Fanohanan's).
INTERNATIONAL BANKING
CORPORATION.
New York),
Capital & Surplus.U.S. $16,000,000 HEAD OFFICE:
Wall Street, New York,
Wong Yun Tong Huyuh Toil
Barahona
Barcelona
Batavia!
Bombay
Bom Calcutta
Danto
Canton
Cebu
Colon
Kenkow
Harbin
Every description of Banking and Exchange business tranacted-Loop granted on approved securities.
SAFE DEPOSIT BOXES to let.
KANG TONG, PO
Chief Managor. Hongkong, 16th. February 1626.
NEDERLANDSCHE HANDEL NAATCHAPPIJ. (Netherlands Trading Society), BANK.
Etablished 1824.
Hongkong Branch established, 1006.
Dairen
LONDON, OFFICE:
..
Hongkong La Vega Madrid Manila
Bishopsgato, EO. BRANCHES :
Panama
Peking Puerto Plata
Rangico, Cal."
San
San Francines de Macoris San Pedro de Macoti Sanches
Santiaga de low Caballeros
Sante Domingo
Shanghas
Singapore
Bouroabaya
Tientia
Tokio Yokohama
Commercial and Travellers' Letters of Credit, Bills of Exchange and Cable Transfers bought and sold. Current
Refuge of the "Half Educated."
in politice, was one of the savest brother was a goldsmith, and and acuteat literary critica of that he removed that piece of modern times, wrote a pungent gold" from his brother's shop. article, a few years before his and would sell it for any price. doath, on the growing tendency But the upcountry man, whoso, of authors-novelists especially brother happened to have boom -to besprinkle their pages with duped in respect of soveral dots. The Dot Habit," ho hundreds of rupees in oxaotly the. called it, and he lashed it pretty same way, arrested the man and
callod out for the polles. A severely.
The piece of matal representeđ
In his analysis of the practice, he found ingredients which enter as gold was found in the posses- largely into the composition of sion of the arrested man. Further present day writers-slovenliness inquiries have been started to. of style, poverty of imagination, find out the gang to which Pan- ignorance of the possibilities of chanan is suspected to belong. language, and a lack of artistic
taste. To which may be added « the unhappy influence of syncop
APT ALLUSION. ated music and jazz bands, and
When the honorary degras of the amazing jerkiness of modern I.L.D. was awarded to Dr. life in all departments.
G.
C. Simpson, director of Going back in retrospect from he Meteorological Office, at
University, the students Bang "How in the
Accounts and Savings Bank accounts the Neo-Georgian to the Victorian Aberdeen opened, and Fixed Deposits in local andera, cne has the sensation, to foreign currencies taken at rates that
May
Authorized Capital Guilders.160,000,000, bo sacertained on application to the Bank quote Dr. Oliver Wondell Holmos world can Simpson tell that it
(£12,500,000) We are also able to offer our Customers in another connection, of "having
80,000,000 the services of Branches of the Nations the cat in your lap after trying ain't going to rain no more?" 16,666,670 City Bank of New York in the principal to hold a squirrel". Many a 20,045,032 countries of South America and in the novel of to-day, instead of ending
Prid-up Capital Guikler
Reserve Fund Guilder
(1.670,439) West Indies.
Special Reserves Guilders 22,060,000 (€ 1,888,330) HEAD OFFICE-AMSTERDAM. Eastern HEAD OFFICE-BATAVIA.
BRANCHES Bandjermasin Kota-Radja Rotterdam Bandoong Macassara Samarang Medin Shanghai Bombay .$10,000,000.00 | Calentin Padang Singapore -$10,790,000.00 Cheribon Palembang Soerabaja
Djember Pecalonan Seerakarts
Sole) - Tegal Djokjakarta Penang
Pontianak Tatjup and Kobe
Weltevreden Rangoon The Hague
London Bankers Nationa! Provincial Bank, Ltd.
Correspondents all over the world. BANKING BUSINESS OF EVERY DESCRIPTION,
Working fund provided by
THE BANQUE INDUSTRIELLE
DE CHINE
Francs 50,000,000
BANKERS,
FRANCE.-Societo General Banque and Nationale de Credit, Banque de Paris-et des Pays Bas
LONDON Millend Bank Lid.. NEW YORK-Irving Bank, Calumbia Trust Co.
Every description of Banking, and Exchange Business Transacted. Corre-
pondents throughout the world,
M. M. FITZ-HENRY,
Manager.
"
ORIENTAL COMMERCIAL BANK, LTD.
HEAD OFFICE:
50 Des Voeux Road Central, Hongkong
.BRANCHES - BANGKOK-
SHANGHAI.
Correspondenta: London: West- minster Bank. Ltd; Now York: National City Bank; San Francisco: Union Trust Co. of Sun Franciaco; Cantos Book
Authorised Capital
,$6 000 000
$1 500,000 Pald Up Capital................................
Modern banking in all its branches Current accounts savings accounts and fized deposits solicited. Loan granted on approved security.
Overseas banking a speciality, INTEREST-Current accounts 2 par cent savinge 4 por cont. Fixed Deposits,
M. J. HERBSCHLEB,
Agent
THE P. & D. BANKING CORPORATION, LTD.
(Incorporated in England 1920). With which is ainted THE ALLAHABAD BANK, LTD. INDIA.
*G. HOGG,
Manager. Queen's Road Central, Hongkong....
in the time-honoured fashion
HEALTHFUL DAYS AND 'RESTFUL NIGHTS
with marriage bells and the bumours of the wedding break- faat, winds up in this way are assured for little ones who "Thon, with radiant face, she are kept out of danger with the moved across the room, and took aid of Baby's Own Tablots, Can- his hand
The End."
ada's famous "specific for every- (In the preceding pages, about 75 day ailments of infancy and per cent of the punctuation is €1,200,000 composed of dots). £1,001,875
THE BANK OF CANTON LTD. Head Office Hongkong,
Authorised Capital...
Paid Up Capital.
Silver Retorve Fund
Foreign Exchange & General
†business transacted.
.8 700,000 Banking
Interest allowed on
CURRENT ACCOUNTS 2% per annum en daily credit balances of over $100.00
SAVINGS
4% per annum DEPOSITS
for 12 months 6% per annu
&
3.
11
.4%
on Demand 2% per annum
BRANCHES: Canton, Swalew, Shanghai, Hankow, Bangkok, New York and San Francisco.
LONDON BANKERS 8-The Lloyd Authorized Capital £5,000,000 Subscribed and Paid-up £2,594,160 Bank Ltd.
LOOK POONG SHAN, ...........£136,000 Reserve Fund......
Chief Manager.
HEAD OFFICE: 122, Leadenhall London E.C. WEST LONDON BRANCH: 14-16, Cockapur Street, London'S.W.I. EASTERN BRANCHES: Bombay, Calentta, Karachi, Madras, Colombo, Singapore, Hongkong, Canton and Shinghui.
The Corporation, undertake General Banking and Exchange Business of every description and is addition to its Branches has Agencies in all the principal cities of the world.
L. E. HOPKINS,
Manager.
3 months 4 per cent, 6 months 414 per 2, Dos VmuxRoad Central, Hongkong cent, one year 6 por coat.
Safe Deposit Boxes for Rent. Our Vaults safeguarded by time clocks and double combinations.
Armour plate steal doora.
J. Y. LUM,
BANQUE DE L'INDO-CHINI
Very often the author, philoso- phising upon a situation in the story, and reaching a tangle in his thought which is either be- yond his power to unravel-or too much trouble-peppers it! with dots, which indeed have a superficial air of profundity "I could speak an' I would, but I won't"-but really fling the diffi-
culty upon the reader's imagina-childhood. As a remedy for in-. tion. Athousand examples occur fantile indigestion, colic, con- to me. This is the sort of thingstipation and toothing troubles, Was she really interested? Or the Tablets, are unsurpassed. did she....? Or was it...?" They quickly check diarrhoea, and so. on ad libitam. relieve croup and colds," reduce, No Doed aithor of ima-feverishness, expel worms, pro- gination or of inventiveness to mote peaceful health-giving sleep in a perfectly natural way, are write in this style.
guaranteed absolutely pure and for the youngest even In many instances we find a safe
-
Or
&
OTHER INSTANCES,
row of dots standing for a dash and most delicato infant in sells Your bracket, which is not arms.
chemist BABY'S OWN TABLETS illegitimate, although there is little use in multiplying signs for or post free, 60 cents, the vial, Medicina the same thing. (Charles Dickens from Dr. Williams' THE YOKOHAMA SPECIE
BANK LTD.
Established 1830.
Capital (fully paid up)...... 100,000,000 Y. 80,500,000 Reserve fund.
HEADOFFICE -YOKOHAMA, "Branches and Agencies at Batavia
Eobe Boerabeys Bombay London Rangoon Busto Ayres Lyons
Calcutta
Manila
San Francisco Los Angoles Seattle
Shanghai Nagasakti
monoick Nagoya Newchwang Sydney
New Peking
Trinantu
in his earlier novels occasionally Co., 60. Kiangse Road, Shanghai. used a pair of semi-colons for brackets, which has a curious effect on the reader's mind until he becomes accustomed to the making their dots equivalent to vagary). In other cases, the andante, rallentando, pizzicato. dots aro meant to indicato pianissimo, or such like musical pauses or gasps (Cf. In Mac-terms.
Just as feminine and imper- laron's deathbed" scones) in the utterance of the speaker. Sir fectly educated authors strive to William Nicoll's article is not suggest emphasis by means of and. small ospitals before me as I write, and my re-italics collection of it is now faint, but in the text, as who should there is a point in regard to the write, above or, below the line, Dot Habit which certainly escap- con brio, sforzando, fortissimo, ed his notice. The habit is large-etc. Buch irregularities betray ly due to a tendency towards a desire on the part of writars- treating punctuation as marks of and perhaps also a need on the Punctuation, how-1part of their readers-for some oxpression.
to analogous the system of indicating expression ever; rest in music, and no more. on the printed page. Is the To force it into servico ne desire a legitimate one from an a system of expression-marks artistic point of view? Is it not is to misuse it. Strictly speaking rather an evidence that the sense our conventional punctuation bas of language.is woakening in this. only one sign that indicates ex-generation 2-a failure to grasp prossion; that is the oxclamation-the possibilitles of its artistry P point.
The right word la the right place, There are circumstances in even in cold print, needs no ad- which the interrogation polat re- ventitious aid in the way of signe sembles a mark of expression; for to auggest expression; it carries its example, in "You are sure he own expression and emphasis as $20,000,000 said that?" it calls for a rising the flower carries its colour and
8,000,000 instead of a falling influction of fragrance.
Changchun
Sailing
Dairen,
20th June
21 Ft
(BRANCH BANK.)
21st
22nd
22nd
Menagor.
HEAD OFFICE.
23rd
96, Boulevard Haussmann, Paris.
Moji
24th:
(Dainy) Fengtien
Mukden Hamburg Hankew Honolula. Harbin
Gay York Tokyo
Tientsin
Melbourne
241
THE BANK OF CHINA.
Vancouver
25tha
Vancouver
25th
Capitul Paid-up Capital Reserves
Frs. 72,000,000.00 Fre. 60,400,000.00 Ex. 59,667,283.54.
Tientsin
25th
Calcutta
26th
Koba London Yokohning
26th,
27th
27th
Authorized Capital...
Paid-up Capital ......
Bankok $60,000,000.00 Battambang Mengise ..$18,278,600.00 Canton
BRANCHES & AGENCIES: Salgen
·Hongkong
Shanghai
Noumes
HEAD OFFICE: PERING.
Haiphong Hankow Hanoi
Papers
Tourane Peking Pnom-Penli Tladivestock Pondicherry Yuuriantu
Impending Arrivals.
(Supplied by our Advertisers.)
Agents
NYK OPS La.
NYR
NYK
T & Co.
From
Due Hongkong
26th June
28th
201 .14th July
12th
Singapore Shanghai Buoz SHOZ Antwerp
Consignees Diary. (Compiled from our Advertisements.) Free Claims
to be Storage Expires in by
June 20"
Vessel
Agents
Goods Stored
Berrcoel
City of Madrid
Prés, Mackinley
GL BL AOL
Kowloon
Holl's Kowlon June 24
Juno 24.
June 30 July 1
Steamers' Movements.
Examina tion Date
June 20 Tues, & Fri, June 22
Empress of Asia arrived at Moals on the 18th June 3,30 p.ó: léft Manila on the 101 Juno 4.00 p.m. and is dus.at Hongkong on the 21st June 6.00 am,
Andre Leben which sailed Im Hongkong on the 10th of May, arrived Mar. soillce on the 11th of June...
(Specially, authorized by Pridentiu) Mandate of the Republic of China on the 22nd of November, 1917.)
Beserve Funds....$ 9,620,475.21 Djibouti
HONGKONG BRANCHES
4, Queen's Road Central.
Branches and Sub-branches all over!
Europe, China and correspondents America and other parts of the World.
LONDON BANKERS --The National Provinsial and Union Bank of England; Ltd.
The Guaranty Trust Company of New York.
NEW
YORK BRANCHES-The Irving National Banka. The Equitable: Trust Company of Now York,
Interest allowed on Current Accounts: ond Fixed Deposits. Terma en applica
tion.
Every description of Banking business transacted.
Loans granted on approved securitien. Special facilities for Home Exchange, HOLYKB PET,
Manager.
www.y
BANKERS:
In FRANCE: Comptoir
d'Escompte do Parint
„Rio de Taingt
Joneiro Vladivostock Kai Yuen Saigon.
Interest allowed on Current Accounts. Deponits received for fixed periods, at rates to be obtained on application,
Mr. C. ARIMA,
Manager, Hongkong, March 11th 1828.
THE HO' HONG BANK, LTD. (Established 1917.)
National Credit
CAPITAL: Lyonunii; Banque de Paris et des Pays Bay Cradit Industrial et Authorised Capital
Issued..... Coatmercial; Societe General.
Ia LONDON The National Pro-Paid-up.
vincini and Daion Bank of England, Rezerve Funds of Ltd: Comptoir. National d'Escompte Shareholders de Paris, Credit Lyonnais...
Burplus
In NEW YORK:-J. P. Morgan & Com 'Intercet allowed on Current Accounts and Fixed Deposits according to arrange.
mont,
Every description of banking and oxchange business transacted.
A. LECOT,
Manngor.
18
.
4,000,000 the voice at the end of the sen- The dosire for euch aids if it tance, and in so far can be regard- really exists, can be regarded only 4,000,000 ed as an expression-mark. But in as a symptom of the slovenliness 825,000 onoral it may bo said that that shrinke from the labour of punctuation has nothing to searching for "la mot justo, a sign do with expression. Not a few of general ignorance as to the resources of our modern writers, mistaking its wonderful purpose, when they do not leave language, or another evidence their punctuation to the weird that taste for, and acquaintanca H. HUANG,ingemilly of the compositor, try with, the best litorature is slowly
Manager. to harness it to expression by dying ~JOCK, in Ex.:
HEAD OFFICE":"SINGAPORE. Branches, Agencies and Correspondents in the principal citira of the world...
Every description of Banking and Exchange business transacted.