1925-03-11 — Page 2

Page

Ho

ONGKONG & SHANGHAI

BANKING CORPORATION;-

HEAD OFFICE: HONGERNG... AUTHORISED CAPITAL.............. 850,000,000 ISSUED AND FULLY PAID UF $30,000,000 RESERVE FUNDS ****

STERLING... £4,500,000 SILVER...... $26,500,000

Restyy LiaBILITY OF

PROPRIETORS...............*******}

$10,000,000

COURT OF DIRECTORS:

COMMERCE

US. PROSPERITY,

BALDWIN PRESIDENT IS OPTIMISTIC.

AND FINANCE

Mr. Samuel M. Vaudiain, pre- sident of the Baldwin Locomotive Works, sees olght years of sus tained prosperity in the United G. M. Young, Kaq-khabrzana,

States. He declared there should E. P. White, Esq.-Deputy Chairs

Hon, Mr. A. O Lang, be increasing business in each of A. D. Y. Belth, Hay, W.EL. Ball, Esq. W. Pattendes, Bthe years of the Coolidgė Ad- A. EL. Compton, Esq., 1. A. Flamer, ministration, and intimated he Hos.Mr.P.H. Holyoak T. G, Wall, eq

expected those policies to prevall for eight years.

CHIEF MANAGER: AH. BARLOW, Esq. Manager: Shanghai-G. E. STITT, Esq.

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

Bongkong, 2 st 1 sbruary, .3151** HONGKONG SAVINGS BANK

THE business of she above Bank is

conducted by the HONGKONG AND SHANGHAI BANKING COR POBATION. Rules may be obtained ou application.

SUGAR PRODUCTION.

"PHILIPPINES FORECAST.

THE CH HINA MAIL.

The Philippine sugar crop for this year will be the biggest since the

an 1912-1913 seaSÓTI

But the prospects of high prices for this year's output are not very promising.

BANK OF IRELAND. “

The profit of the Birk of Ireland has steadily advanced in dach of. the past four year. The figura för

· 1923 was over £20,000 more than that for 1921, and for "1903 there was a further, increase, though not quite so large a one. For the year to the end of December last, however, it rose by £46,000. As already announced, a dividend of 13 per cent, free of tax, is to be less-tar, for the preceding year. pald, compared, with 16 per cent,

The"=""-rest," " or balance of ung divided profits, receives £30,000 more than in 1923, and, as a sum of £733,000 previously set aside to The Valted States, which con- meet depreciation in lavestments Mr. Vauclain is in Chicago, en

but not now required for that route to Philadelphia, after a short sumes the greater part of our sugar.

cannot be expected to use more purpose, is also added, the total of trip to the West. He obtained no business for the company of than what normally she has con- that fund is now some £2

millions.” The results for the past. which he is the head, but he sumed during the past years.

In the meantime, the beet-pro-two years are shown below expects a gradual increase in locomotive buying." Baldwinducing regions that since the end 'should of the war had not been cropped Locomotive," he said," have a good year in 1935 and a to their maximum capacity, are better one in 1926"

now well on the way to add to the supply of sugar.

Everyone he has talked to, the engine builder said, is both hope ful and optimistic regarding the general industrial outlook for the United States, particularly the railroads, which look for very good *** traffic.

||

From all Indications, the world supply of sugir has "caught up with the demand

There is thus this distinct condi- ton in the face of a market that is becoming oversupplied.

We shall continue to export to the United States by reason of trade conditions predicated on our "I don't think there will be any political relations with that country "Hence, whatever prices obtain boom," he continued, "and hope there will be none. But we win the American market will cond). have a protracted period of good. tion the prosperity of our sugar business, in my opinion, for eight Industry and, to some extent, of the years. We have a fine Adminis- whole country.

INTEREST on deposita is calculated on the lowest balores during each comtration at Washington that 'acts pleted Calendar Month at 34 par cant. constructively in its every move, per annum. Should there be no balance and business has regained con- on any day in a month no interest will

fidence. be allowed for that month.

Depositors may transfor at their option Balsnes of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATËS.

"In addition, the United States not only is very rich, but it is learning how to use its wealth in the development of business. The country has been away behind in its municipal improvements, and it

The government has millions invested in the sugar industry, and, in making loans to the augar men.

it should be guided by the pos- sibilities of the sugar market..

The latest report from the New York market indicates no radical change in the quotations for sugar, the forecast being tendency downward because increased pro-

For the RONGMENT & Swill take ten years to catch up deduction will leave considerable

BARKING CosFuZATION,

H. BARLOW, spite the vast works of the last surplus over increased consump

tion. Chief Manager few years. That is an important Hot köng: 7th January, 1926,

consideration. Then, again, we remember that business THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON,„.

Paid-up Capital

.......£3,000,000 Reserve Fund........ 23,900,000- Reserve-Liability of Pro-

priators

£3,000,000

FOREIGN EXCHANGE and General Banking business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter period at rates which will be quoted on application.

A. H. FERGUSON,

Manager. Hongkong. May 8, 1923.

must moves faster.

"The whole United States is on wheels. Where it used to take an hour to run two miles, we are going twenty miles an hour ip an automobile truck. On every road, every street, horns are blowing to clear the way. The cry is faster and faster, which means that the turnover is much more rapid."

Another optimistic utterance on the general business outlook was given by John Moody, president of Moody's Investors Service, in an address before the Filinols Bankers' Association. He said he did not fook for any reaction in the present upward tendency of trade, industry and finance at the very least before the end of 1925, and the prospect was that it would continue well

BANQUE DE L'INDO-CHINE. beyond that time.

HEAD OFFICE:

would be erroneous to While in paint the immediate future of the Industry in the sombre colours of pessimism, there is no doubting that, if something like a debacle is to be avoided, the cost of pro- duction in the sugar contrals will have to be carefully watched. For there is no gettfak around one peso added to that cost when it is constantly approaching the selling price of the commodity.. says a Manila paper.

... TOKIO, ELECTRIC FIRM.,

€500,000 COSTRACT CONCLUDED,

A long-term loan contract involy- jug £50,000 with tie term of redemption of 25 years luis been con- eluded between Alr. Masuo, President of the Tokio Electric The year 1924," he said "wit Light Company, and Mr. George nessed in many directions a rever Safe of Sale and Company, London, slon to conservative and construc-belaff of Lazard Brothers and tive policies. This constructive Co., London. reversion has been political, economic and social, and has con. sisted of a general broad move ment back toward prewar ideas. He pointed to the overwhelming trend to conservatism in both the Yenzsafe British and American elections of

96, Poulevard Hatesziena, Paris. Subscribe Capital... F. 72,000,000,0 Paid-Up Capital Fra 18,400,000 Beserve Funts...... Fr. 69,687,288.54*

BRANCHES

Djibout!

Noume

Bangkok

Hongkong

Bata

Mongtru

Canton

Halphon

Papeete Poking

H słow

#ang!

Poom-Peak

Pondicherry.

BANKERS:

Salgon Shongko

Singapore Ticula

Tourno

IN FRANCE Comptoir National d'Escompt de Paris; Gredli Lyonoala, Banque de Farie of Jas Para-Bas; Cradit Industrial at Commercial Societe Generale,

121

IN LONDON: The Netionsi Provincial & Union Bank of England, Ltd. Comptoir National d'Escompte de Paris, Credit Lyonnise IN NEW YORK: 3. P. Morgan & Co. French American Banking Corporation; Guaranty Trust Co. of New York.

Saalne transited.

Internt allowed on Correct Accounts and Fixed Deposita according to arrangement.

Every description of Banking and Exchange

A. LECOT,

Manager Hongkong, March 20, 1994.

THE YOKOHAMA SPECIE

BANK, LTD.

- Established 1830-

·Capital (fully paid-up) Yen 100,000,000

"Reservé Fund .....................

Ten 77,500,000

Head Office:-YOKOHAMA.

Branches and Agencies at:

Batavia.

Bombay.

Buenos Ayres.

Calcutta.

Changchan

Dairen (Dalny).

Nowchwang.

New York

Osaka,

Peking. Rangoon,

Rio de Janeiro.

Fangtien (Mukden). Saigon.

Hamburg,

Hankow. Harbin

Honolulu.

Kai Yuen.

Kobe

London

Los Angeles,

Lyota

Nagmaale.

Manila

San Francisco. Seattle. Shanghai

Shimonoso. Singapore. Soerabaya.

last autuma.

CHINA'S EXPORTS.

Ù. S. CONSULATE RETURNS.

|

Net profit... |

It may be remembered the Tokio Electric Light made a short-term kas totalling £300,000 on August 31 last year Trom Luzard Brothers through Sule and Co. for redemp tion within six months. This lon hears is 7.5 per cent. interest a year and its tetur of redemption is to expire at the end of February, The Tokio Electric Light saw the op portunity" to convert it to a long tera loạn and opened negotiations with Mr.. Sale, who is now visiting Tokio, together with Mr. Burnett Walker, Vice-President of the Tables have been 'compiled by Guramauty Company of New York. American Consulate-General at The new long-term beurs, a 6 Shanghai, based on the returns of per cent. interest a year and the the different consulates throughoutsne-price is £94 for £100 face- China giving a comparative state value. The torni af redemption is. ment of the exports from China to 25 years, The loan is left un- the-United States-during-1933-and-redeemed-for-five years after the 1924. This shows a considerable conclusion of the contract and after decrease for the latter year, the that it is to be refunded in, yearly instalments, it was announced by figures being as follows:-

the Tokio Electric Light Company on February 16.

1923 $176,966,503

1924 $129,133,386

INDIAN COAL

1

REASONS FOR RECENT SLUJMP.

TORO LOAN PROGRESSING. The loan negotiations between;; the Toho Electric Power Company and Mr. Burnett Walker are pro gressing favourably but it will require many days before the loans Complaints were made at the are finally concluded. Careful in annual meeting of the Indian Min-vestigation is now being made, as ing Federation in Calcutta that the to the investigation of the firm's

past year has been the leanest for

property, including various electric the Indian coal industry since 1912 power stations possessed by it and The slump began in 1922, and the actual appraisal of these assete the depression is now acute.. na security for the loan of $15,-

The causes to which the de- 000,000 pression is attributed are the It is said that the American side progressing increase in output and is hoping for the incorporation of the loss of practically all the exsecurity foundation as was the case port trade, including the former with the Daido Blectric-Dillon Reid remunerative trade with "Ceylon, losa, concluded luat summer.. the diminution of internal con- Preparations for the organisation favourably and the Milsu, Bank had decided to accept all business in connection with it. The Daido Electric Power Company was the first to incorporate such a founda

Brought forward. Available For rent": Dividend

1924 1923.

£ 595.81 549,619

|

On Lor

EXCHANGE

Hongkong, Mish 11th, 1975

Bank,

De demand...1/3.7/18.

· Oradita à month? Might ...2/4-1 Documentary, 4 months sight 9/4-3 On Paria*****

"Dn demand ..

18

- Credits, 4 moniky sight ..... 1100

On demand..

On New York-

-On demand

Credits 10 days' nighi On Bombay

Wha On demand On Julesti

Wire

On demand...

On Singapore-

On demand.m On Manila

On Shanghal

On demand

On demand is

-30 days' sight (private paper)

ww

NY

nom.

On Yokohama, On demand 69,005-451,723 | Gold Leaf; 100 flas (per tael) 47:50 664.856 601.342 Sovarelgas (Bank's buying rate) & Ba

38/1/16 2300 200,000 | Silver (per on) - sie

A SUBSIDIARY COINI- 3599 332,307 Do. per cent. 13 $16 Hongkong 50 cents sub, par. Carried forward... 74,857, 69,035 "Free of tax. † Laws cax:

The profit for 1921 was £513,165, and for that year also 13 per cent was paid.

BANGKOK DOCK..

The Bangkok-Dock Co. made a profit last year of Ticals 33,682 and is paying a dividend of 10 per cent.

in the last ten years 1915-1924 The dock has paid out dividends totalling -126 per cent., or an average of 12.6 per cent. per annum over the same period. For the past three years the dividends have been 10 per cent. per annum.

.10.

5

34

Canton · solna

Bar Silver in Hongkong Ohinese Copper Cab

Der.

739% dis. 10

20.

WEDNESDAY

MARCH

1925.

Masa A. and F

Me and Mrs P. M. Hanilion

Mr In Adler

Alkon

Mr G. 2. Herriman”

Mr B. T. G. Altken Mr We D. Hawos Mr W, 8. Allen Mesud "Mr. A. 8 Mr and Me, A. W. Hence

Van Andel Mr & Mrs A. Hicks drĢ. Apfelbaum HrA-R-Johnston- Mr. Aubry - Mr & Mrs E. Kollar

Mr and Mrs J. TMr & Mrs Lelling

Bagrao za damu buren“

Mr P10. Ranhan -- Mr O P. Karshow... Mist K. Bardorelli Mrs W. B. Kimball. Miss K. Barlowe Mr and Mrs. Janu Mr&Mro H Beal othe Mr E. H. Ballics Mr and Mrs I R dr V. Benjamin Kraskman Mr J. Bennett Mr and dr Mr B. G. W. Be- Laurien

proud

Ma P. P. Lefarre

a

Mr H. Bickerton, - Mrš E. Liddel Mr R. J. Birbook - Mian H. Lille |- Mr Blankotski. Mr M.P.B. Marshall

Mr M. Blane Mr D. MeCallan

Mr G. Bowaok

Os pt. & W. McKin

10g

Me T. B. BrowA''

Mr. W., G., Mr h. Moleod

Browns

“Hy H. Li, Mecklen Mr. F. Buchanan hurgh Mr R. U. Burdin Mr JH Mo Mr G. W. Burda Michael Mr E. Carlton MrE W, Miller Wdr 8. - Christophet Capt and Man L.

MIN

Dr. Christopherson Vr and Mrs T. B Mrs Cari-Lopbarson Moore and child Kt and Mrs. W. A. Mr R, B.. Moorhead

Corn 11

Mr A. 8. Mursh Mr JE. Danggar Mr W. Norwood M&Mrs B. Dean TE, H. O'Farrell

Capt. & Mrs. Paste Miss Poirie

Chinese Copper Conte vara Rate of Kitive Interest in outr T. Hagen

..39 % dis. Chinois Bab. Colu Hongkong Suhi Cola.

TO-NIGHT at THE STAR

HARRY LAUDER

LOCAL SHARE MARKET.

OFFICIAL. QUOTATIONS

MARCH Nam

*ank 1.8.8.C. C.T. on selling rats

London

sad on ShanalınŤ

נ

Hodgkong Banks 1993 6. 1387/47 in London-E140 Chartered Bank

TI A.M

Stock Exchang

9/8 3'8

H

El b..

gb.

East Anla Rank

098 b.

0218.1/8 b.

Ak 140 b.

4239

a

P. & D. Hank

Mercantil Bank AB 222-1/16.

Marine Insurances ng

Canton Ipsarsada. North China Insuranos Calon Iaşursasá fordrange Yangts18 Ohian Undies Bar 1

Pira Ingraness

Chins Fire Insura Bangkong Fire Intesaca...

hipping

Dongs

H.K. Steambaste ... Hongkong Taral Lighter Indo-Chinas (Prat.

και (Del.))

(H.E. Boz.) do.

Shall Transp>cts Star Ferriss

Water-boste Oriental Nav. Ca. efineries Chins Sugar Malabon Sagar

Mining

Mining Adm

FARSKE

Shinghai Loana

$351 b 34 is. 11.70 8.

'38 n.

$120.0.

מ יין

MARCH 11. Bherebyokory” Amoɔlation.

3/3.18 18

b. 1990 sm 1938). b£3-19

b. Bll....

b. -98

b. 18

195

RÉPULAR PAT HOTEL,

[Mr & Mrs G. E.Mr and 'Mes More

Bannerisan Mr & Ms. H. Odell Mr & Mrs T. D. W. and children'

__Baanister_ Mr and Mrs J, N. Mr & Mrs J. Behar Parker

and child

|

Mra & Borke

Mr and Mrs A. 0,

Pote:

Mr. and Mrs A.E.A Mr. Mr T

Carleton

Pchryver

Mr and Mrs F. O Mr C. B. Shank

Doking Dura Mr & Mrs WO Mr and Mm I.. H. Van der Steen

Geare & daughtec Eth-Voll & Mre Sta Mr and Mrs P.M. phans e

Hodgson

Mr and Mrs A. W. Mr and Mrs C. E. Vacs do!

Mr V Verion

Kecklar

Mr and Mrs A. O.Mr and frs . J.

Languir

Wright

Mr & Mrs E. Land

PEAK HOTEL.

March 9. "

Dr J. W. Anderson, Miss G. Kennedy Mr 8. A. Arthur Mr M. F. Key Misa E. R Bally Mr and Mrs, Me and Mrs L. Ú. F. Kill

Ballery

Mr & Mrs A Lane

Kr I. W 2. Bonus: Me and Mrs 8. E. Kr and Ms T. G. Langaton

Bentett

Mie E. arean

ทา

Mr W. Bourns Mr and Mrs G. D.

5. J. Ruben

Laya

Col. & Mrs Q. Raseell Miss Leys

Brown Major A, B. Littlë. Miss P. W. Brown

Johns

Mr B. D. Carothers Mr M3 Lloyd Capt. & Mm 3. O.Mr T D Loyd

Carpenter Mr W. H. Look Mr B. C Cleland M4

and Mrs W.

Mia M. Cooper Logan

Mrs I

B. Cormack Mr.D. C. Lagin Mr and Mrs] W. A. Mr and Mrs T. A.

Cornell

Martin

Mr R. McGregor

Mr_sad Mra J. D:Mrs J. Moâinch

Danby b. 35-19, 5.1/1.36 Ct. Col. R. A. Dob-MH. A. Mil's

bin

Me and Mri

Dausan

Mra Samora Ells Mu's Ellis

Mr and Mrs W.

Eustace

Mias M. Forbes

Mr E E. Himmack

J. Mr and Mrs F. W.

Muston

Miss M. W. News

holme

A. MA, HL Pann

Mr and Mrs H. R

Remington

Me

A Ritobo

Mr RJ. W. Foster Eb-Col. & Mrs. O. Miss G. Potheraill Sanders

59

14.70

E 98

#

∙120

140

48, u 178 b

a. A3/.

17-1/4 a.

$155 m.

n. 355

Mr. A Forbes

#40b

53 6b 5'- za

67 B

|0 mb. $13; b.

n. 23

6 D.

12. 6-1/2

n. g

$330 a

n: 31

56 Q

M

$1.

P. 2.60 b 1.80 #.

bis 53 128

b. 8]

Mr J. B. Fawker

S'bal Explorations...,) £6,19 m. Single Laugkata $11 b. Rauhe

***

* Minas

Casp

***

Bougeot dan w

Jocks Wharvek, Godowns &a

# (8) ■ -189 na 9.&.K. Wharle

130.5.

H. & W. Dock

Sha! Books

Jo

New Englacerings...***

H. K. Engineerings,

Shanghai Rourkowa: $199 b.. Lands, Hotels & Bulidings.

ILK.Bhai Hotels§ 17) 8 "Now 17Į ..

...70. eta."b. 80 #... H.K. Development

Hongkong Landsm Humphreys Balaton ven Kowloon Lands

Land Reclamations

Princes Building B. Benity in H. Farritoriale. ... Ford Land.... Koral Catton Mills,

Ewo Cotton Mills, Ltd.

Yiku Kung Labs Shanghal Cotton -

Mowa...

Tang tarapoos... Mivvõllaneous,

(b 16.80.an 17 Now-b18,70

b. 70 Centi

b. 91. 03.

b 21:30-1/2/21:

D150 1

4.90.4.

10.

$12 30 1230/60 sa.

140

2.95

60 b. New 983

2. 67 Now 33 m.)

Cəmantis: 19 h. New 8-1/4 2. Comenta "Combined? #27.70 b. China-Borneon CNA KA

China Light (Old)

do (Now) 318) b.. Comb. Si n hins Providents $10) ** Now 5.50 h... Providents Oaza bined 31 b. 394 y

Dairy

sumption and the increased cost of this foundation are progressing |- HR A

Bydney. Tientsin. Tokyo. Tainanfa Trington Nagoys.

Vladivostock of production owing to the War. Interest allowed on Current Accounts. In regard to the loss of overseas Deposits received for Azed periods at markets the Committee of the rates to be obtained on application. Federation is devising means to

re-capture them,

QARIMA,

Manager

Hongkong, 37th October, 1924.

New t

•Héw Block, New Prices.

BOND CONVERSION..."

Hongkong and Canton. Joe Hongkong Bope 18 a. New 10.30 n. Repes Combinada ya

$60 Hongrong Tram (in 166-1/2 h. Fosk TMWAYS (old)** *** # 15 .

tion in connection, with the forem (NO). UN

loan and the Industrial Bank of BAK.azel Found Japan accepted all responsibility -प

In the House of Commons, re- | for it for the Daido Company plying to a question, with regard - The greatest obstacle in the way to the final figures of the last" of foreign toon lies in the security conversion loan, Mr. Churchill said connected with remarian rights and that, of £134,600,000 454 pár cant. land. The Daido · Electric Power Exchequer Bonda 1925, outstanding Company had a bitter £81015000 had been converted

had been paid

Lane Crawfor Catod Lo

K. Oonstruction

(h. 19-1/2 New b., 8** -(Com, b. #7.00, sa 37.60/76

Authorised Cuphälis

·Fald-up Capital itunas velas var

Reserve Fahd

aktifkanyaku DIRECTORS:

** Hon. Mr. Chów Shor Son-Chafrazan

Fang Ping Shab

P. K. Kwok Ng Ching Lake, Pong Wal Ting

Atok, Ching Kong Wong Yun Tong Huynh Txi Wan Ylog Po

Ching Shok Every desertion, of Bankfor and Exohingy |Business-transacted, „Losha ki Pranimd

approval." securities.

Mr and Mrs F. PMr & Mra 10.Scott

Franklin

Mr RP. Shaw Lt. E. C. Frederlok M E. H. Skelton Mr And Mrs W. DiMr and Mra T. F.

Goodfellow

White Smith Mr and Mrs Geo. W.Hi & MĨm G. B

Grot

and Mrs B. A.Mr and

Stabbing. F. L

Starded

Stardee

Miss M. B. Hal-Me-0. P. Mr and Mrs J.Mrs J. 8. Thoth on

Hancock

Krakim 0. Thwaites

Mr And Mr Woko

Hawker

Lt. Col. and Mrs HL.

Trevelyan

Mr G. M. Hams

worth

Lady EO Turner

It Comdr. G. F.MƑ0. M. Viac

Hole

Capt. B. F.Walker Mr H Howall One A. K Watts Mr F. L. Jankios Capt. AJ LAWhyte K¥ 1. LA Jenkins / Miss C. Willmoka |V140. O. Ječkins Mr and Mrs, F..D,

Mr G 8. Hugh Jones - Wood” “ Mr W. &. Jordan Mr G. 0. Worall

'PALACE HOTEL.

Mr. A. Arch

Me 0.H. Healswood

·Mr R. ̃A, G. Barrett Mr J. Jäck

-Me W. & Bennett Mira McCaw

Mr R. W. CampbellMe J. McDonald

E. PE. Chloh or M. Ba đó H.

MS. B. Dox

M: W.

Moora

So He Y, Simpson and Mr. H. 8.Mr H. Smith ADAM

Caph L. With | Me A. B. P. Davies Mrs C. Stringar, and

Mr. H. Davis

oblid

E. Fershmids - MH AP Tannan

Now n. 13 Comb, b #71, 17 Me and Mrs. H. ban

Nov-10 a

= 21 Naw sa 16)

Goldenberg, His G. Taloch Mr A, HALAMAN JA Wad more. MGA C, Bake Me W. Wallergy

"THE" MERCANTILE BANE OF

VINDIA LTD

Say Graccharok Bus, London," 3. 0:3,"

Authorised Capital

SAFE DEPOSIT BOXES to lets

EAN TONG PO

CRIME, MARAKOT.

Hongkong, 18th February, 1025. ....

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NEXIBLARDS. Trabera BoooYT.).

ESTABLEIÐ 1834,

· Hanamóna. Ikasten. Entantenna 1908.

Amiborbird Capitai Gú), 150,000,000 £12,500,06 Paid Up Omplim ......G, 80,000,000 ₫ 6,568,676 Baserra Fund 5% 20,045,033 ♬ 1,670,419 Special Raerres...G.. 22,560,000 £ 1,388,880

HEAD OFFICE :—Amsterdam,

· EASTERN ERAD OFFIOR :--Tatavia,

"BBANORES 1-

Bandjermania “Bandoung Bombay

Dickjakarta

Padang

Fingapore

Cheriboa

Djember

The Hague Kobe. Makamkan Mudies: ** Palembang ......Picslongan

Puntiarek

Gemarang

Rangoon

Shanghai

Boersbala Bomkarta (Bolo

Walternador

LONDON BANKWES:--- National Provincial Bank Ctä.

¡Corre-pendanta all'over the worid.

BANKING BUSINESS OF EVERY

DESCRIPTION. ...

W. H. GROSKAMP,

Bangkong, November 6, 1924.

本司公理管典實法中

SOCIETE FRANCAISE. DE

·GERANCE

DE LA BANQUE INDUSTRIELIR DA CHINE.

ETABLISSEMENT PRÁNGO CHINOIS.

(Incorporated in France).

5, Chater Road, Victoria, Hongkong

· HEAD OFFICE; 74, Rug St. Lasare, Paris.

Subscribed Capital fully

paid-up..

Reserve Fund

Frs. 10,000,000 Fra. 10,800,000

Working fund provided by:

THE BANQUE INDUSTRIELLE

Parts:

DE CHINE..

Frs. 50,000,000.

BANKERS:

Societa

Generale,

Banque

Nationale de Credit. Batique, de Paris et des Pays-Zaz

London: Midland Bank, Ltd. New York: Irving Bank Columbia Trust

·Co.

Every description of Banking and · Exchange Business transacted. Corras. pondents throughout the world.

M. FITZ-HENRY,

Manager.

10th November, 1924,

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

1

Incorporated by Special Imporial Charter, 1899.

Capital Subscribed... Yen 60,000,000 Capital (Paid-up)... Yen 52,500,000- Reserva Fund.. Yen 18,980,000

HEAD OFFICE: TAIPER, FORMOSA.

BRANCHES: JAPAN-Tokyo, Yokohama, Kobe, Osake, Mollari, Karenko, FORMOS? Giran,

•

Keelung, Makung, Nanto, Pinan, Shinchiku, Talchu, Tainan, Takow, Temaul, Tehyen, Akor “ga CHINA. Shanghai, Hinkow, Kinklang,

Amoy, Foochaw, Swatow, Canton.. OTHERS.—Bangkok, Hongkong, Sings- -pore, Soerabaya, Samarang, Batavia, Bombay, London, New York.

LONDON BANKERS: London County Westminster and Parz's Bank

The Bank has Correspondents In the Commercia Opin the European Continent, Baaria, Mas- cherin Tangida,; Južnu, Indo-Chlamy Dada. Pallippine (danda Jaya, nad Dundi Ladies, Mart.

2 Ensareti allowed on Guerat: Acceműt, and Vizad DEPORISE AF TAEDs which will be quoted, on aPPING.

"HONGKONG BRANCH,

8, Dee Varum: Road Hongkong, 5th June, 1924.-

THE BANK OF

(Epecially Anthurised by Landate of the Republ on the 22nd of Novem Authorised Capital Paid-up Capital Bessive Fund 10 077

HEAD OFFICE PEKING

HONGKONG BRANCH. QUEEN'S ROAD CENTRAL

3.00)

1. Branches and Hub-branches, all over China and Correspondenta in Europas america, and other parts of the world, London Bankers 2- The National Provina. # ̈ ́ciál and Union Bank of England, Léd. "THE" Guaranty Trust Company of New

New York Bankarus 728 7-m Ana National Bankassoly {The-Equitabi Trane Company at Ne