1925-03-03 — Page 2

Page

CONGKONG & SHANGHAI" BANKING CORPORATION,

ABAD OFFICE: HONGKONG.

AUTHORISED CAPITAL...... $50,000,000 ISSUED AND FULLY PAID UP $20,000,000 RESERVE FUNDÄ!—

N

STEELING... £4,300,000

SILVER...... 96,800,000|

PROPRIETORS........Pol..

"COURT OF DIRECTORS?

jo-Chairma

G. M. Young,

ELP. Wshe, Esq. B. D. F. Reith E.

Deputy Chairman. Hon. Mr. A, O. Lang. W. Pattendan, Esq. 1. A. Plammar, Eq.

W. H. Bell, Eag AH. Compton, B. Hon. Mr. P.H. Holyank: T. G. Well, Kaq.

CHIEF MANAGER:

A. H. BARLOW, Esq. Manager: Shanghai-G. H. STITT, Esq;

COMMERCE AND FINANCE.

LAND SALE.

#

ABERDEEN LOT SOLD AT

UPSET PRICE.

KAILAN MINING.

BRITISH TRADE,

THE CHINA MAIL.

COMMENTS OF DECEMBER FIGURES, -

HUKUANG GERMAN BONDS,

EXCHANGE.

Hongkong March Ird, 1,926.

Un London-

Bank, Wice..

Os demand

11

"

/

... i 16

30 day's night. 4 months' sight -3/1- Credits 4 months' sight ...«3/4-4 Documentary, months sight 2/1-1

1075

On demand ... Oredita, 4 month)' sight. 1175 On demand...

.nom.

On New York- On demand Credits, 80 days

Bombay--

Wiro.

114

On demand .. On Calcutta-

Wire

With regard to the German portion of the Hukuang Railways 5 per cent. Loan, it is understood, says The Times:in mail week, that| the requisite funds for the interest service have been available for a By far the best feature of the month, and that the delay in roles. RESERVE LIABLITY OF $50,000,000 At a sale of land at the P. W. D. Bowd of Trade returns for Decem-ing the money has been due to ber is the inereiseuf £1,311,000, us | differences between the Chinese yesterday there was only one compared with 1923, in the value of Government and the distribu: On Paris bidder. The lot was knock-the exports of cotton gems and lagagerits. After the definito ed down at the upset price of punctures. The manufactur- pronouncement of the Chinese Ting industry has been more largely Government of July 3 last that the $1,950 to Mr. Chun Ping in...

on payments. upoa The land for sale was Aberdeen and more profitably employed since entbargo Inlard. Lot No. 95, with a lease of late in the antun, but this is the German issues of Chinese loans best time that the fact is been had been removed, it is very re 75 years at an annual rental of

4 and a building: covenant" of lely relected in the exports. It grettable that questions of a petty $5,000 over the usual period. Theks erious, in the face of the or subsidiary, nature should have. upset price was $1 per square foot. large increase in shipatents, that been allowed to interfere. For the the value of ingorts of the raw sake of the bondholders, and of material should show a defense of China's credit, It is imperative 21185,700, bir, of course, mer-that steps be taken promptly to

and the delay. " chants and spioners buy when Jus que 4 stongenfent for them, mul in the year as a whole the imports have hoon 298,000, larger.

The total importe słow an astonishing excess over the value of exparts, the difference being C90,3RLO, which fur, exceeds any Colher adverse luned in 1991

and brings up the year's excess to 3/ The shipments of gold and silver; however, have only heen 1,012,000–£7,280,000 less than in 1928-and there were im perts amounting to £49,716,000, as against £53.597.000 in the previous year. "Invisible exports," fur, services, would cover a large part of the sening deficiency, but bills of exchanges were presumably Clarzly used as well, ~

LONDON BANKEES, Westminster Bank, Ltd. CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local Currency and Sterling on terms, which will be quoted on application."

Hongkong, 2 at 1bruary, 325. HONGKONG SAVINGS BANK. Thusiness of the abova, Bank is conducted by the HONGKONG AND SHANGHAI BANKING 'COR PORATION, Rulich may be obtained da application.

INTEREST on deposita is alculated on the lowest balance during each com pleted Calendar Month at 31 percent. per annum. Shall there be no balance on any day tuonth no interest will be allowed for that month.

Depositor may transfer at their option Balanes of $100 or more to the HONGKONG & SHANGJIAI BANK to be placed on FIXED DEPOSIT at

CURRENT RATES.

For the RONALONG & BHANGRA

BAXXO ConPIRATION, J. H. BARLOW,

Chile! Mariager Hongkong, Tit Joury, 1926. THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

Paid-up Comtal. Reserve Fund

Reserve Liablity of Pro-

prietars

£1,200,000 .£3,9X1,000 £3,000,000

The told output of the Kailan Mining Administration's mines for the week ended February 14, 1925 amounted to 59.542 tons, and the sales during the period to 44.276 tops.

*

13

SILK SHIPMENTS..

The silk shipped per Admiral Oriental Liner President Jackson, which sailed from here at 5p.m., on February 3, arrived New York at 5 am.. on February 26, having beer 232 calendar days ja transit

EMPIRE PORT SIGNALS,

YEAR'S TRADE.

st

The exports of colton piece goods were the largest of the year and Notice is given in the "London were only exceeded once in 1923 (in Gazette" that, in view of the fact May when the difference was that it may be necessary to forbid thing, and are in 1929 (in July) all entrance to certain ports of when the total was 113,610.000 the Empire, a sharp look-out qui vieds » should be kept for the signals described by vessels approaching the shores of the United Kingdom

The grem leqture of 1924 trade er any of the ports or localities of

was an meryase" of £183,618,000 in In the event ports. The largest intresse under the British Empire. of the signals being displayed, the tits head were £21,268) in gra port or locality should be ap- and floor, 498,001,000 in raw votion proached with great caution, as it and waste, rly £32,000,000 in may be apprehented that laid matin femes thereof. allstructions may exist..

Esports of British goods, ut £705-

If entrance to a port is pro-adjust.xcorded those of 1923 by hibited, three red vertical lights | eus 1070000, gid shows an in- by night, or three red vertical | croise of £757857,000 of 1922. balls by day, will be exhibited in Cl. Howevr, was £27,767.008 'some conspicuous position, in or down, owing to the decline in the artis approach, which Continental and, and there signals will also be shown by the wen falls of £3,866,00# in coke, Banking business transacted.

If these ., £1,808,400 in iron and steel, CURRENT ACCOUNTS opened and, "examining" vessels. FIXED DEPOSITS received for 1 year signals are displayed, vessels 12720 in electrical goods, and

FOREIGN EXCHANGE and General

or shorter period at rates which will be, must approach the port with the vehicles, including quoted on application.

A. H. FERGUSON, Manager.

Hongkong, May 8, 1923.

BANQUE DE L'INDO-CHINĘ,

HEAD OFFICE:

95, Poalerard Humano, Paris Pubscribed Capital Frx, 72,000,000.00 Paid-Up Capita!

F3000006 Boerre Fund. Frs 69607,288.14 BRANCHES Hongkong

Bangkok

Battambang Hongta

Canton

Djibouti

Halphons Bankow Fri

Nouthes.

Paprete

Peking

Padu-Pont

Poralleberry BANKERS:

greatest caution. and implicitly obey all orders or signals given them by the examination vessel or signal station. At some ports or localities, at home

not

Replying to the foregoing Dr. Wel Chen-chen, Secretary to the Chinese Legation, asked that it be made clear that the cause of the delay in the payment is donces between the Chinese Gonment and the distributing agents, but between the distribut the ingents themselves, as money for the service of the whole of the loan has already been paid by the Chinese Government to the distributing agent,

"The writer of City Notes in the Times observes that Dr. Chen's statement will, not without reason, increase the impatience of those bood holders who are still waiting to encash their coupons. It is necessary to remember that there are other German issues of Chinese tons on which the last maturing coupons have not been namely, the Railway Loan of 1908 and the Supplementary Tientsin-Pakow Loan. Since the war a large proportion of the German issues of these loans has been transferred to this side, and holders are at loss to understand why they should be discriminated against.

met-

Tientsin-Pukow

On demand... On Bingapore- On demand On Manlle

On demand On Shangkat-

On demand...

TUESDAY, MARCH 3, 1925.

VISITORS AT HOTELS,

HONGKONG HOTEL

Mr Adler

March 1.

Miss A. and F.

Mr and Mrs P. M. Hamilton

Alkon

Se G. 2. Berriman

Mr R. T. G. Aitkos Hr W. D. Haw Mr W. 8. Allen

Mr and Mrs A. W.

Van Andel

Mr G. Apfelbaum Mr A. Aubay

Mr Bad Mia A. B

Eersoo

Mr & Mrs A. Bioks Mr A. R. Johnston Mr & Mrs E Keller Me and Mrs J. T Mr & Mrs kølling. MBagran

buren

Me F. O, Binhao Mr C P. Konhaw Miss K. Bardorolli Mis W. R. Kimball Mina K. Barlow

Kooth

Mr and Mrs Josu

... obt

Mr & Mrs N. Beal

Mr V. Benjamin

Mr J. Bonnett

Mrs E. R. Belillos Mr and Mr I. R.

Krakmen

Mr and fre

0.

Ms P. P. Lelavro

Mr B G W. Be. Laurie

prend

MH. Blokerton

Mr R. J. Birbeok

Mra E. Liddoll

Miss R. Lillis

Mr M.P.B. Marshal},

Mr D. Molallam

Uspt. A. W. Mo Kio

Joy

こな

153

Mr Blanketaki

M: M. Blaco...

00)

Mr G. Bowack

M: T. B. Brown

+

1001

Mr A. W. “G.

Browad

Mr. F. Bechanan

bargh

nom.

Mr R. V. Burdio

30 days sight (private paper)

On. Yokohama On doused

it 138 Gold Leal, 100 Eno (por taci) 47.40 Sovereigns(Bank's, buying rate) 8 41 82 Bliver (per os.)

143 **

BUBSIDIARY COINS.

Hongkong 60 cents sub....

10

D

Chinese Copper Cash ...

par. par. Adis 98,60 % dis

10% pm. 8% p 5% in % out ...204 dis.

% dis

Canton colas. Bar Silver in Hongkong 10% pm. Chinese Copper Cents Rate of Native Interest Chine Sub. Coln Hongkong Suh. Cold.

CRAMPS IN THE STOMACH.

No need of suffering from cramps in the stomach or intestinal pains. Cham berlain's Colic and Diarrhoea Remedy never falis to relieve the most severe time to send for it after the attack Cases. Get it to-day; there will be no

comes on. For sale everywhere.

LOCAL SHARE MARKET.

OFFICIAL QUOTATIONS...

II A.M...

Stock Exchange

MARCH 3. Nam

Hank B.8.B.C. TT. on selling rate

London

2/3 5/8 and on Shangbai'

*** $738 Hongkong Banks 1:30 b. London-£146 n.

Balb. Chartered Bank

P. & O. Rank

11 b. Fast Asia Bank... $38 b Morcantile Bank AB.-1/1b.

0 £13.1/8 b." Insurances

hip. On the other him, there were, increases of £21,003,000, in|pe yarns and manufactores nitten

cottog being still king"), £5,168

do.

ton Thauranen... th Chios Inenence

Babo Insurance *** or abroad in woollen arid worsted goods.

| Reårchlights are occasionally: 33,826,000 in other textiles, and exhibited for exercise. Instruc-5000 in apparet. Re-exporta tions have been given to avoid walled £140,310,000, an inwrease directing movable searchlights of £21,005,000,

during practice on to vessels under way, but mariners are warned that great, care should be Selgoo Rhangba taken to keep a sharp look-out for Singapore the signals indieated above when Tientsin

searchlights are observed to be.. Toruna Yunaaf working. It is pointed out that in certain circumstances it is necessary to take special mea-

IN FRANCE Complute National d'Encompɔl

de Paris: Cradit Lyonnais, Banens de Paris

das Para-Bas: Crodki Industrial et Commercial

• Bozleté Generale. -

IN LONDON: The Netions Provincial Union Bank of Englandi, Ltd: Compto National acompte ile Paris Credit Lyannise- IN NEW YORK: J. P. Margen & Co. French American Banking Corporation Duarinly Trust Co. of New York.

Interest allowed on Current Accounts and

Pizad Deposlis scoording to arrangerment.

Every description of Banking and Exchange Jusiness transacted.

A. LECOT,

Manager Hongkong. March 30, 7a24.

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1883.

1

Capital (fully paid-up) Yer 100,000,000 Reserve Fund..... You 77,600,000 Head Office:-YOKOHAMA.

Branches and Agencies at:

Newchwang. New York. Osaka. Peking Rangoon, Rio de Janeiro. Dairen (Dalny), -, Fengtien (Mukden). Saigon. Hamburg.

San Francisco. Hankow.

Seattle Shanghai.

Batavia. Bombay, Buonos Ayres.

Calcutta.

Changchun.

Harbin."

Honolulu... Елі Уцеп. Kobo

London. Los Angeles. Lyons.

Manila,

Nagasaldi.

Shimonoah. Singapore. Sperabaya.

Sydney, Tientaln Tokyo.

Tainorfu. Tsingtau. Nagoya.

Vladivostock. Interest allowed on Current Accounts, Deposits received for fixed periode at rates to be obtained on application,

CARIMA,

Man

Hongkong, 27th October, 1124.

22000000000

Everything New!

New Bhop. Now Stock. Now Prices. Buitable for your pocket.

All kinds of Indian and Chinese Ellis,

- @havky. Embenidarios, etc.

always in stock. rll

BIND BILK STORE, Dosa Buscar, Que's Bond Central.

sures to examine vessels desiring

to

AUSTRIAN FINANCES,

STABILITY UNDER THE NEW GOVERNMENT

enter sports br-localities at In connection with recent home or abroad, and the proce- eriticisms in the British and dure is described. Signals are Austrian

press regarding

Commissionet. Dr. Zimmermann, says -

also set out which are to be shown Austrian! reconstruction. the by H.M. vessels engaged in mine- League's sweeping operations or exercises. These ships are, it is stated, ham- pered to a considerable extent in their manœuvring powers.

WELSH PORTS.

DEVELOPMENT SCHEME.

+

insurance Tangtare... Chinn Undira

Fire Insurances

MARCH 3. Sharabroken' association,

2/39 $:3-3'R

.b. 1225 1210

b.

£81-1/2

a. £11

b. 99

b. "A" 2991

b, "Ş" 130

‚at: B. McLeod

He H.

Mənkla-

Mila J. H. Me. Mr G. W. Barce Michel

Mr M. Carlton

ход

Mr E. W. Millor Mr B Christopher-Capt. and Mrs I.

Mills Dr. Obristopherson Mr and Mrs T. E. Mira Chri-topherson Moore sat child Mr and Mrs W. A. Mr R. B. Moorhead

Corn 11.

Mi A. 8. Murch Mr J. B, Dangoar Mr W. Norwood Mr & Mrs B. Down Mr E. B. O'Farrell. Mr W. Ragen Capt. & His Pearse

Miss Pears

KEPULAK MAT - HOTEL,

Mr & Mrs C. H.M: MH. Ddell

Bannerman

1

and childton

T.

Mr & Mrs J. Bubar Mr. and Mrs J. N.

and child

Parker Mr and Mra A.Mr and Mrs

Brostedt

Fobry for Mrs R. Borko Mr C. B. 8hank Mr and Mrs A.E.A.Mr & Mra Van'der.

Carleton

Bteen

Dr. Donelso

Lth-col & Mrs Ste- Mr and Mrs F. Cphons

Deking Dura Mr and Mrs A. „W, Mr W. L. Franklin Vans dol

and mother Mr.V. Ver on Mr and Mrs I. H. Mc M. Wik

Goare & daugh'arMe and Mrs E. O Mr and Mrs P.M. Wood

Erdgion

Mr and Ara F. J. Mr & Mrs E. Lund Wright

PEAK HOTEL.

Fo ruary 20,

Dr J. W. Anderson Miss G Kennedy Me 8. A. Arthur Mr M. F. Rey Mr & Mrs T. ArthurMr and Mira E, K. Mis E. R. Baily

Kil

THE BANK OF EAST ASIA, LIMITED.

Mr and Mrs L. 6. P.Mr & Mrs A. Lane

Bellamy

Mr and Mrs S. E. Me, W., Ronose Langston Mr and Mrs T. G. Mr K.Term

Benrott

Mr W. H. Bourhe

Mr M. J. Breep

Mr and Mrs G. D.

Lega MIR Logs

Col. & Mrs C. Russell Major A. B. Little-

..Brown

jobus

Miss P. W Brown Mt 1 M 8. Lloyd Mr B. D. Carolhore Me 3 D Lord Capt. & Mira J. O.Mr W. H, Lock Carpenter Mir and Mrs

Mr E, H.-Ulsiend Logan

Mi-8 M. Cooper Mr D.

Logan

W

HEAD OFFICE HONGKONG. Authorised Ospita.......$10,000,000. Pal-ap Capital 15,000,000. Roservo Fund' £1,400,000.

DIRECTORS:

Hon. Mr. Chow Shou Bon-Chairman. Fang Ping Sha Mos Ching Kong LJ Koon Ubun Wong Yan Tong

P. K. Kwok

Ng Ching Lak..

Fong Wai Ting

Huyuh Tal

Kan Ying Po

Chan Ching Shok

O

Every description of Banking and Exchang basinos transacted. Loans granted approved securitie

SAFE DEPOSIT BOXES lo let.

KAN TONG PŐ,

Chief Manager.

Hongkong, 16th February, 1925.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NORTHERLANDS Tranino Bocterr.) RETAMENTED 1834. HONGLONG BRABUSE ENTALIER 1905.

Antherised Caplis. 150,000,000 £1,500,000 Pald-Up Capital...G, 80,000,000 £ 5,568,57% Rowery Fund...G, 20,045,08 € 1,670,419

Special Reserve...G, 22,850,000 £1,338,890 BEAD OFFICE:-Amsterdam, "EASTERN HEAD OFFICE :---Batavia,

- BRANCHES :- Bandermaain Bandoeng. Celcutta Djakjakarta

Kota Rads

Pidang

Pen. ¿

Botiskem

Bingapore

Tegal

Bombay Cheribon Djember The Hague Kobe Makassar Мобил

Palembang Peralongs PentinnakRangoon

Bemarang Shanghat Soerabaja Boerakarta (Sola

Weltevreder Tilatjap

*LONDON BANKERS:- Salonal Provincial Bank Ltd.

Correspondents all over the world:

BANKING BUSINESS OF EVERY

DESCRIPTION.

W. H. GROSKAMP,

Agent.

Hongkong, November 4, 1924.

司公理管業實法中

י

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLS DĚ CHINE. ETABLISSEMENT FRANCO CHINOIS.

(Incorporated in France)."

6, Chater Road, Victoria, Hongkong. FEAD OFFICE: 74, Rue St. Lazaro, Paris.

Subscribed Capital fully

paid-up Reserve Fund

Frs. 10,000,000 Fr. 10,800,000

Working fund provided by THE BANQUE INDUSTRIELLE

DE CHINE.

Frs. 50,000,000.

BANKERS:

Paris: Societe Generale, Nationale do Credit.

Наптиа

Banque de

Paris et des Pays-Bas. London: Midland Bank, Ltd. New York; Irving Bank Columbia Trust

Mrs I. B Cormack Mr and Mrs. T. A. Co. BIr and Mrs W. A Martin

Mrs J. Aish

Cornell

755 a

700

s. 140;n.

1. 140

1280

b.

424 h.

b. 11

3.05

BA 3

Far Easterná ...

China Fire Insurages .... Hongkong Fire Insurance hipping

8183 b.

b.

!85

#710 n.

02 716

58 b

T. 50

$38 KA $4,870.

31. 35.80

8. 4:0

Me and My

Duncan

Mr W. E Dye

Lionglases aga H.K, Steamboats... Hongkong Tagad lighter Indo-Chinas (Prof

do.

do.

Shall Transports

Star Ferries

98 D. 180. 19"

120

(Date))"

(H.E. Reg.)

444

*.936 n

D. 93/-

... ...

$179681

b78

17-1/4 n.

n 19 tu

$256 m.

Water-bonts ***

Oriental Nat. Co.

"oflpertes

China Sugar.

Malabon Bagar

iping

···207 & 40b

Kailan Mining adamb, $201 b. Langkats... ***

Shanghai Loans

$7 n.

Susi Explorations... 16.10 n. Single Langkata

19) D.

Ranba

Tronoh Miros

4

**

51/8 b

a. 57.6

a. 18

D.

n. A

Σε θε

# 850 n

b. Si

BB% th 3 บ

P.9.60 b 1.80.

un, 138

b: B

Urai Casp. Ronguet Don... "ooks Wharyen, Godowns, &c.

f. & K. Wharfe ... H. & W. Dock

$1408.141.23 Tita .. 8916

#206 1/2 b..

S'hal Docks ... New Engloverings... A. E. Engineerings. Shanghai Hongtaw..... anda, Hotels & Buildings, H.E. S'hai Hotels 17 b. & Now 17 n.

70 eta. b. 50 1. H.K. Developments Hongkong Lands ... Humphreys Estates Kowloon Landa Land Reclamations Princos Building ... B.E. Roolly H.E. Territorial Kural Land... Cotton Mills

(b17an 17.20/20New-b 17

b. To Cante

Mr and Mrs 7. D.Mr R. M.Gregor

Danby

Mr E E. Mimmsex Lt.-C21, R. A. Dob, Mr and Mrs FW.

tio

Muotos J.Miss M. W. Nowa

holme

Mrs Samera Ettin

Misc Ellis

Mr W. Ogden

ir F. E Ollerton

Mr A. H. Panz

Mr and Mrs W. A.Major and Mrg Y, E.

Raetaco

Me A Forbes

Plaitlip

Mr and Mrs. R.

Miss H. Forhes Remington

Mr R. J. W Foster Mr A. Ritche

Every description of Banking and' Exchange Busmess transacted. Corres pondents throughout the world.

M. FITZ-HENRY,

Manager,

10th November, 1924.

THE BANK OF TAIWAN, LTD. (Taiwan Ginko.)

Incorporated by Special Imperial Charter, 1889.

Capital Subscribed" Capital (Paid-up}

Yen 160,000,000 Yen 52,500,000 .Yan 12,080,000

Miss G. Fothergill ̧ ̈Lt.-Col. & Mrs O. | Reserve Fund

Mr and Mrs E. F Sanders

Franklin

Mr & Mrs. G.Scott

Lt. E C. FrederickMe R. P. Rhaw Me and Mra W. D. R. H. 8Estou

Goodfellow Me and Mrs T. F

White Smith Dirs Miss G. E. Mr and Mrs B. A. Stabbings

Hale

Mr and Mrs Geo. W.

Gwy

Miss M. B. Fal

Mr and Mrs

Hancock

Mr J. B. wher

Brand Mrs H F. L.

Buntdeo

J.Mr O. P 8turdeo.

Mr J. S. Thomsɑ | Mr&Mr Thwaites Mr and Mrs W, J. Misa 7hwaites

Hawker

Mr A. W. Tickle Mr G. M. Hems.Lt. Col, and Mra H.

wortb

Trevelyan F.Lady E0 Turner

Me Ŏ. M. Viso Capt. R F. Walker

Lt. Comdr. O,

Bolo

Mr. H. Howell

Mr. L Jenkins

Mr T. L. Janclas

Capt. &. E. Watts Mise 0. Willmott

Mise O C. Jonkin Mr and Mrs F. D. Mr 0.8, Hugh Jones Wood

Mr W. A. Jordan Mr G. 0. Wordl

PALACE HOTEL

Mr C.H. Haslowood Mr R. A. G. Barrett Mr J. Jack

Mr W. A. BenagtMrs MoOär Mr R. W. Campbell Mr J McDonald Mr P. R. Obichgar Mr B 1. do

19) b 20 5.

b 19.2)

***

$150 D

a. 150

4,80 b.

1.

b. 4). 41

$10 m.

Mr A. Arch

12.10 X.

b. 1

F

++

T. 2.80 b T60 in. Now 833 n.

51-1/8

Mr J. B. Co

n. 60 Now 23 n.

Mr W. B. CLE

Mr

Ad

DAVBY

(b. 18ow b. 8.10 Komb. b. 18

b. 18)

Ewo Cotton Mills, Ltd. Kung Yiks Lou Kang Mows. I Oriental... Shanghai Cotton Tangtarapoos... 4 Miscellascons.

Domenta

"There is no reason for think- ing the recent change of Austrian Government will have repercus- sion on reconstruction. The Gov- ernment immediately declared that it was bound by the Geneva Agreements of 1922 and 1924, and intended to carry through the policy of the Seipel Government. My personal impression of the. new Ministers confirms the hope that this policy will be one of real economy reform." The Great Western Railway Dr. Zimmermann said there three points that were proposes to continue during the were present year the development of usually forgotten by critics of the ports of South Wales, Under Austrian reconstruction first, the thegrouping system the small the absolute stability of railways of South Wales were crown; second, the fact that the taken over three years ago by the service of the loan was assured; Great Western Company, and third, that there was a consider- since then heavy expenditure-has able. remainder of the inter- been incurred with the object of national loan still available. "The developing the South Wales goods stability of the crown," he re- traffic and

the marked. "seems assured as long increasing efficiency of the ports. The com- as the National Bank continues to is follow the same policy that en- pany's programme, which spread over several years in-abled the pound sterling to reach volves the expenditure of mions nearly the old gold parity:

"The revenues from tobacco of pounds. The adoption of 20- tom waggons, together with the and Customs more than equipment of more modern tip- enough to cover the loan service. ning appliances and the provisión in November 232 milliards of of additional sidings, are the paper crowns were available from most expensive directions in this source. There is no less re- which work is being carried on. mainder from the international The reconstruction of the tip- loan than we contemplated hav- ping

will appliances

in- ing at this time when the plan volve

outlay of about originated. £2,000,000 while at Cardiff alone "It therefore seems to me," £12,000 was paid last year in concluded Dr. Zimmermanny "that wages for work done on addition- there is no reason to take an af sidings. It is estimated that exaggeratedly gloomy view of the alterations now being made, things On the other hand, it is with the doubling of the capacity absolutely necessary, as I pointed of the waggons, will make it pos- out in my last reports, that the sible during busy periods to ship Budget for 1925 should not mere- coal at the rate of 1,000 tons per ly be voted. but its limits main- hour-an increase of 800 or 400 tained. This aim, cannot be tons per hour on what was posaf- reached without econoraies, "the ble in the old days. The equip-execution of the reforms indicated ment of the ports with new dredg-in the last Geneva Agreement, ing craft has involved the expe and the most energetic reduction diture of £200,000.

of personnel."

{LD]

are

19.1 b. Now 6.10 b. Comente "Combined' 3:8) b 29'8) +5. China-Borne06

-

ам

Chlon Lights (Old)

1991. do (New) 14 h. Comb. 28 an China Proklonio $16) a Now 9,20 sa. Previdents Combined...

$194 *. Dairy Farms... da sin

Electrics...

$26.

H.E.

§ 1 i 1. 55 mm Macao do... *** ***

42 21. Hongkong and Usatan loca Hongkong Ropo... 18. hopes Combined..... Hongkong TramWATE Paak Tramwayn (Old).

Do

(New) Steam Laundries ............ H.K..Steel Foundry. Watson's+++

Wm. Powella...

(Now b. 18 Comb, s. 28

( 15 New fo. 8.90

Domb. h. 381

b. 15

NA 642/53

-

B

Now 10.10.

#541 a. 157

10 New 10 A b. 62 b. 65-1/2

# 23 b.

4. 13.

39 n.

..

tin. Now 14 n. LE FAR

(n. 21 Now a 14

019 h

m. 198

6.b.

#8i.

. 8t

.101

'913-1/.

14

31 b.

하

sin) by

. lh l

10

D. 600

(Ordinary) #30 n

Lane Crawfords Canton Ives. H.K. Construction Nanyang Tobacco

Alcor

Maskintosh .. H.E. Taxis China Bus|kai Bingapore Transa

Der A. Wing fully paid

Do Bald United Abestor (Founders),

park

Moore

Mr M. SimpsÓTI

Hà N. &HFH. Smith

Op Lamith

H,

Hr. R. P. Davies Mra O. Stringer and Mr H. Davi

Mr 8. Farahmids

child

Mr A. P. Tannan

Mr and Mrs H. baum

Goldenborg

Mr A. Hall Mr A, C. Hake

||

Mr. G. Tacoch

Mr A. J. Wadmora Mr W. Walior

HEAD OFFICE:

TAIFEH, FORMOSA.

BRANCHES:

JAPAN-Tokyo, Yokohama,

**

Kobe,

Osaka, Moji. FORMOE-Giran, Kagi, Karenko,

Keelung, Makung, Nanto, Pinan, Shinchiku, Taichu, Tainan, Takow, Tamaui, Tehyen, Ako.

CHINA,Shanghai, Eankow, Kinkiang, Amoy, Foochow, Swatow, Canton. OTHERS. Bangkok, Hongkong, Sings-

pore, Soerabaya,

Samarang, Batavia, Bombay, London, New York.

LONDON BANKERS: London County Westminster and Farr's Bank.

The Bank has Gartsop Judenti in the Commercia Centres in the Bumpean Continent, Hewis, Mao- |dhuria Telegras, Jajan, Indo-Usini. Hats, Indin, Philippine Íslandi, dara, andoDuck Exɗlis, Kuati zala, America, Afiles, do,

Interest allowed on Carmat Account, and Fixed Deposits at rate which will be quoted on applies

Z. YAMAMOTO, Manager. HONGKONG BRANCH,

3. Des Voeur Road Central. Hongkong, 6th Juno, 1924.

THE BANK OF CHINA' 行銀國中

(Epecially Authorised by Presidential

Mandate of the Republic of China

on the 22nd of November, 1917),

Authorised Capital Paid-up Capital.. Reserve Fund

$60,000,000,00

$18,278,600.00

$ 9,029,625.24

HEAD OFFICE: 'PEKING..

According to the Chinese Press the Peking Government has assured the Diplomatie Corps that!

HONGKONG BRANCH, the different military leaders!

QUEEN'S ROAD CENTRAL have promised hereafter net to

Branches and Sub-branches all över interfere with the administration China and Correspondents in Europe, and working of the railways. No America, and other parts of the world. mention is made regarding the London Bankers: The National Provin

cial and Union Bank of England, Ltd. distribution of the revenues of the The Guaranty Trust Company of New different line.

York

New York Bankors: The Irving

National Bank.

The Equitable Trust Company of New

York.

Interent allowed on Current Accounta and Fixed-Caposita,, Terms on syplica......

"Every description, of Banking Bosch transacted.

CHAMBERLAIN'S BRAIN BALM. A feeling of warmkly, comfort and relief from pain follows an application of Chamberlain's Pain Balm. It is tion. penetrating atmont for deep seated pains, which reduces painful swellings, rellores stiffness in muscles and folita and leaves one foaling supple and active. Eamly applied and fools good to the

kin. Sold avengerhore.

|

-Loans granted on approved securities. Special facilities for Home Exchange,

AR

TSUYER PEL,

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