1925-03-27 — Page 2

Page

THE CHINA MAIL

FRIDAY

HONGKONG & SHANGHAI

BANKING CORPORATION;

dEAD OFFICE: HONGDING.

"Authorisio CarTTAL

$50,000,000.

· INHURD AND FULLY PAID UT $20,000,000

RESERVE FUNDET

STERLING... $ 4,500,000 SILVER.............. $26,800,000° RESERVE LIABILITY OF } PROPRIETORS...}

$20,000,000

COURT OF DIRECTORS: ... 0. M. Young, Mag-Chalemon,

H. P. White, Biq«Duputy Chairmata.

B. F. Raith, Harj

W. FL Bell, Em.

A. H. Compton, "Beq.

· Hon. Mr. A. O. Lang.

W. L. Pattenden, Big. 1. A. Flammer, q. Hon Mr. P.R.Holyoak) T. 67. Weill, Esq.

-1

COMMERCE AND

U.S. WOOD SHORTAGE,

· SUPPLY WILL BE EXHAUSTED BY 1945.

FINANCE

HANKOW TRADE

BUSINESS QUIET!"

The British Chamber of Com- merce at Hankow reports under data | March 4 --

|

he directon #limited" report

twelvá months ended Out st. In the previous year there was a trading low per £609877 but a refund of £122,245 on excess profits dity account was received, and after bringing this in a profit of

reduced from £311,879 to £266,513 £55:3657 was shown, Tha dabit balance brought forward was thus it is now reduced to $350,718 Of course there is no question of any disidend being paid in these.

The hardwood lumber supplies of the United States will be prac Bar Silver 32-5/16 ready, 821 for

Finance and Money Market. tically exhausted by the year ward on February 28 remained 1945, according to the estimates fairly steady all the week, the of Foresters; and if the wood lowest point touched baing $21 Using industries of this country 32 on March 9, but it closed firm circumstances... are to continue to grow with the lat 82-8/16-32-1/16 on 4th. New population, or even to maintain York-Loudon Cross-rate 4751' on approximately their present February 26, declined steadily to status they must begin at once to 470 on February 28, rose to lay plans for securing essential 4781 on March 2, but closed lower raw materials after, the date mentioned.

COTTON SPINNING.

CHIEF MANAGERIA A. H. BARLOW, Esq. Managar: Shanghai-G. HL STITT, Esq.

The Provisional Emergency at 4767 on ith. TT. 3/21 on Committee in the cotton trade LONDON BANKERS,

February 36, dropped to 3/23 on had before then, at a meeting in Westminster Bank, Ltd.

Importation for at least the 27th and 8/2-6/18 on March 3, at Manchester, the proposed further following 50 years seems to be which rate it closed. 4 m/credits restriction on the output of yarn. CURRENT ACCOUNTS opened the only solution of this problem which were placed at 3/31 early via of the setback in the splan It was unanimously resolved, "In LOCAL CURRENCY and FIXED in the opinion of forestry experts. in the week were done na low no ing trade, the reduction in margins DEPOSITS received for one year or The wood required could not be 4/3 at the close, Chinese Markot) and the possibility of stocks in- shorter periods in Local Currency and grown in the United States Rates. Shanghai Tis. 07.-15. creasing as a result of the present Sterling on terms which will be gasted Forest Service, unless "wo could Lol Currency: $70.85. on application.

lay off cutting hardwood saw-Interest 3 per cent.

Nutive hours of working, that the Com Hongkong, Bat February, 1315.

timber for 50 to 100 years and

{mittee give its full support to the ExportsLast week the produce Federation proposals for a reduce put all our forests under intensive markets were stendier than Test tion of working hours in the mills HONGKONG DAVINGS BANK. management right away.". advised. Business, however, con-fusing American cotton." It is In looking over the world, tinties quies, only a few small par- added that the Provisional Com- then, to see where the future chases of wood oil, cowhides and mittee have folrall along that an supply of hardwoods, which this baking being reported. country will need are to

Mal unscientific method of degulating from, the foresters have reached intimony are firm. There is a possibly be successful, and at the come values of wool, oil, tallow and the hours of labour could not that tropical little Inquiry from Europe for time of the last Increase to hours is inclunged. Cotton is strong and They now urge that the proposen wood all but the American market they publicly expressed this view. in good demand from the focal and reduction in hours should be given Shanghai mills.

HE basiness of the above Bank is THE

conducted by the HONGKONG AND SHANGHAI BANKING COR PORATION. Bules may be obtained

on application.

INTEREST on depozite is calculated

on the lowest balance during each com- ploted Calendar Month at 3 per cant. per annum. Should there bp ao balance on any day in a month no interest will be allowed for that month,

Depositors may transfor at their option Balance of $100 or mora to the HONGKONG & SHANGHAI BANK

to be placed on FIXED DEPOSIT at CURRENT RATES

For the Horozór & Skansha

Biz CorŪZATION,

AH. BARLOW,

Chief Manager

Hongkong, 7th January, 1920.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

•

INCORPORATED BY ROYAL CHARTER, 1869.

HEAD OFFICE: LONDON."

Paid-up Capital

.........£3,000,000 Reserve Fund.........£3,000,000 Beserve Liability of Pro

prietors

.28,000,000

FOREIGN EXCHANGE and General Banking business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year o sherter period at rates which will be

noted on application.

A. A FERGUSON, Manager. Hongkong, May 8, 1923.

the conclusion bilities. There are no consider America offers the greatest possi- able supplies available in any of the temperate regions, said Mr. Sparhawk, in discussing this question.

EXTENSIVE SUPPLY IN TROPICS.

Imports. - Piece Goods and Farm-Market quiet and little doing. Clearances fuir.

There has been a small business

effect to it the earliest moment,"

FOR COUGHS AND COLDS.

When changeable weather or exposure

|

stub. 1996.

Credits, months! sight ...B/4. „Documentary, 4. moitan slabi 30-}·

Orecise, morbas” sight... 1120 On Parliam

On demand

On New York

-On demand

¿

On demand

Crédita, 80 days' sight wo

On Bombay

Wiray

On demand

· On· Jalsattame

Wirgi sap ve On demand Bingapore

On demand

Maulla On demand On Shanghat

181)

and 1.

DALE G.. A. Harriman: Mr B. 2, G. Alskon Mr W. D. HaYOU Mr W. Allen Mr and Mrs A. B Mr and Mrs. A. W Horse EN

Andel and Me de Mrs A. Hicks, Med Apfelbaum Mr Johnston Mr L. Aubry Me de Mrs B. Kollee Me and - Mei J. T. Med Mrs Kolling.

bizne

MTQ Bishan Me OP. Kershaw Mias H. Bardorah Much W. X. Kimball

- Barlow Me and Mrs Joks Mr & Mrs K, Baal Knoth Mew B. E. Belllos Mr and Mrs I. E. Mr.V. Benjamin Mr J. Bennett Mr and Mr Mr B. G. W. Be

prend

Mr H. Blakerton

MR. J. Birbook Mr Blanketaki Mr. M. Bi

Krankman

Lauritaon

Ma P. P. Lečevra

Mira R. Liddell Miss F. Lillie

Mr M.P.B. Mazafull, Mr. D. McCallu

Mr. Bowack MY B

Brown

Capt A. W. Mokia

loy

On demand

nom.

On Yokoham

30 days' right (private paper)

***

Browne

Mr IL

Bacharan bargh

DOM.

Mr Bardin

Mr G. W. Barug

Mr, EL La Moskle

Menu J.

Michal

Gold Lest, 100 Aus (per tel),

On demand... Bovereigns (Bank's buying rate) 5.00 Silver (per os.)

SIA

Hongkong 50 cents suby

SUBSIDIARY OBIKE.

צוי

anten soins Bar Bliver in Hongkong 10 Chinese Copper Chilly

dis.

Mr E. Carlton Mr B-W. Miller Mr.8.

100

Mili,

dr.3. Christopher Capt. and Mrs L. Dr. Obristopherson Mr and Mrs T. H.

Christopherson Moore and child

Miz and Mrs W. & Hr R. B. doorhand Cornell Mr. A. S. Murch X.dis. Mr. J. E. Danger Mr W. Norwood

Mr & Mrs B. Down Er. E. EL. O'Farroll Me W. Hagony Capt. Mes Pease

Miss Pearsa

blue Copper Cacie Chinese Sab. Osin Rate of Nava Internet: 5 % In Hongtong Buh. Cola, ... 1/10 % dia.

out

CHAMBERLAIN'S PAIN BALM. A feeling of warmth, comfort and relief from pain follows an application of Chamberlain's Pain Balm. It is

Iraliavos stiffness: in muscles and jointa

AITULAH SAY HOTEL,

Mr & Mrs G. B.Mr and Mrs. 3, N.

M. Bannerman Parker

Mr & Mrs J. Behar Mr and Mrs T.

and child

Bohryver

Mr.

7 and Mrs A.E.A.Mr CB. Shauk Carlston

Me & Men W. O.

Mrad Mes Fiod. Van der Stoon

Lith-Cal. & Mrs Bre

即

In the tropics, however, the passing during the week and about to cold and wet results in bronchitis, penetrating finiment for deep' seated case is different, he added, and 2.000 /c. have been settled by start at once taking Chamberlain pains, which reduces painful swellings, Mɛwod: Mra. L E.phens "the most extensive supplies and Chinese buyers. It is also reported Cough Remedy: Been in use for over and leaves one fealing supple and setive. We and Mrs L: 3.Tastober & ubildraz those closest to the United States that a similar quantity of the for stübbors, weakening, coughs. For Easily applied and feel good to the

are in the American tropics, stock of Hankow tea in Shanghaile everywhere,

fifty years, and strongly recommended particularly in the northern part has also been settled for the same of South America."

"The timber is there and it will soon be "needed," said this fores-. try authority. "The biggest obstacle in the way of ita utiliza-

Jakin. Solid everywhere.

market."

SELFRIDGES REPORT. -

common with other large

LOCAL SHARE MARKET.

report and balance show that profits

sheet,

increased

The

tion is the existing lack of know- London stores, Selfridge, and Co., ledge regarding the amounts and Ltd., enjoyed increased prosperity properties of the different kinds in the year to January 31. The of wood that are available, and the methods of manufacture and utilization that will be required."

In order to meet the coming from £332,002 to £368,309, needs of American industry and sun of £25,000 is placed to reserve, to see that a sufficient future and the same dividend of 10 per supply of hardwoods will be on cent. free of tax is being paid on hand when the time comes, plans the Ordinary shares. This, in are being made for a thoroughview of the 50 per cent. bonus scientific survey of the resources share distribution last year, is equal and commercial possibilities of to an increase to 15 per cent. The the tropical American forest, staff participating shares receive til from the standpoint of market-additional dividend of 6 per cent., able timber. Preparations to king 12 per cent. in all.

BANQUE DE L'INDO-CHINE. Research Foundation.

HEAD OFFICE:

96, Boulevard Hamo, Fariso .Auboriba Capital Fra. 72,000,000.00 Paid-Up Capital ... Fr. 68,400,000.00 Porr Funds F 59,867,288.M BRANCHES Hongkong

Bangles

Butambang

Qanton Dibouti

Mongtee

NOUT

Papeete

Haiphong Hinkow Fanci

Pering

Puom-Penb Pondicherry BANKKES:

carry on this important research The report states that the second work are being made by the portion of the new building, delayed recently organised Tropical Plant by the builders' strike, has now formed been practically completed. Since several months ago under the full jassession has been obtained; auspices of the National Research the many services and conveniences Council "to promote research for have been greatly added to, and the the advancement of knowledge of response has been shown by the the plants and crops of the considerably increased trade for tropics: to conduct investigations, the year,

in plant pathology, entomology,

Salgon

Shanghai

Bingapore

Titia

plant breeding, botany and fores try. horticulture and agronomy.

Toarna

and to publish the result thereof."

Yunnsafo

IN PRANCE Comptoir National d'Escompt de Paris; Cred' t Lyonnais, Bangus de Paris dos Para-Bas; Colt Tadustrial & Commercial,

Boelste Generale.

IN LONDON: The National Provincial à Union Bank of England Ltd: Compton National d'Escompte de Paris Credit Lyonnie 18 NEW YORK: 1. P. Morgan & Co. French Americas Banking Corporation; Gusty Trust Co. of New York.

Interes allowed on Current Accounts Fixed Deposlis according to arrangoenekli.

Every description of Banking and Exchang Busine transacted.

A. LECOT,

Manager Hongkong, March 18, 1924,

THE YOKOHAMA SPECIE *BANK, LTD.

Established 1890.

Capital (fully paid-op) Yen 100,000,000 Rewerve Fund

Yen 80,500,000 Head Office:-YOKOHAMA,

Branches and Agencies att

Matavia.

Bombay,

Buenos Ayres.

Calcutta

Nowchwang.

Now York.

Quoka.

Peking.

Changchun.. Rangoon,

Dairen (Dalny).. Rio de Janeiro.

Fangtian (Mukden),'Saigon,

Hamburg

Hankow,

Harbin

Honolulu.

Kat Yuan, Kobe

London

Los Angeles, Lyons. Mandia.

Nagasaki.

Nagora.·

San Francisco. Benttle. Shanghai Ehinnossed. Singapore. Sourabaya. Sydney. Tientaln. Tokyo. Tainanfa. Talngtan Vladivostock.

Interest allowed on Current Accounts Deposita received for fixed periods at rutes to be obtained on 'application.

CARIMA Manager.. Hongkong, 11th March, 1925.

METHODS FOR LATIN AMERICA.

AUSTIN MOTOR

DEBENTURES..

The markey expects that holders

OFFICIAL QUOTATIONS.

MARCH 17. Names.

II AM

Obook & can

London

9/2-1/8

•

dank H.8.ECT.T. on selling rate

BA

El b. "Eli. b.

and on Shanghai Hongkong Banks 112)s London-2(40 a Chartered Bank P. & O. Bank Eat Asin Bank.. ..$100 Mercantile Ben B-29-1/9 b. do.0 £13-1/8 b. Marins Inverances.

Canton Insur#:1306... North China Insuranos- Union Insuranon kan, va van: @958 ′′u Insuranos Yangizra Chins Und/ra

Fire Insurances

+

THE

TH

3 A

Chine Fire Insuranda ...

MARCH 17.

9/2-1/8

#79R

196

6. 211-1/

b. Bil

#. 100

b. "4" 201

b. *0* 191

b. 745

·740 b. 640 D.

2 140

b. 49

b & 9.78

195 716

11. 50

m. 4.70

shipping

Hongkong Fire Insuranes... :# 700 6.

Dong lanes...

H.K. Steamboats ...

Hongkong Tugs and Lighter

Todo-Chinas (Pret

do. (Dol.))

do.

CAL FO

(.&. Reg.) Shell. Transporta..... Star Ferries Water-bosta ******* Oriental Nav. Co Refineries

Obins Sugar Maisbon Sugar

The forestry division of the of Austin Motor Fourth Charge Tropical Plant Research Founda- Debaufiures will be offered £50 in tion will be in charge of Major cash and £50 in 7 per cent. Doben-Mixing George P. Ahern, U.S.A., retired,tures.

The Fourth Charge stock

former director of forestry in was issued in satisfaction of un- the Philippine Islands. By secured creditors. The total is reason of his experience in the £1,025,216. Philippines, as well as his work stocks total only £510,000. After Other debenture in this country and his general the service of these prier charges is knowledge of forestry problems satisfied the Fourth Charge stock it is believed he is eminently has a claim both for interest and fitted. for the task.

capital purposes on the whole re- renue of the company. It is csptial. lærefore, if dividenda are ever to be resumed on the Pre-i ference and Ordinary capital, that

SEA TRADE IN 1924.

Kailan Mining Adm

Langkata

Shanghai Loans S'hal Exploration

Bagle Langkats

Raube

Tronoh Minos

1

$550.

37 A

#470-8.

#38 m. 1-130

T. 1272..

POD $89-691 sa 17-1/4-a.

130

1. 83. b891 90.91

ii, 19.10

1955. д.

TH

$69-1/ b 63 BA #415

2. 255

b67

67/8 1

[n. 737-8

Comb. 1961 b, 28 u

$7 no!

b. 11-13

3.30 n

do

P. 2.70 b

187 b 198 m 127 b. & m Tits b 99.90/91

b. 327-1/2

2. 01.

***

pooka, Wharesz, Godown,

Ural Camp. Benguet Con....

Wharts

H.&W. Dook, ** 8bal Dockside New Englaneringslie 8. K. Engineerings, Shanghai Hongkswa

this stock should be redeemed. Gandu, Hotels & Balidlar, full resumption at par, and this is Some bolders are standing out for the cause of the delay in the issue of)

It is stated in an article on of Trade Journal" that the tonnage "Shipping in 1974" in the "Board of vessels with cargo entering at ports of the United Kingdom Inst the scheme. year amounted to 55.369,000 tans, net. The 65,248,000 tons net. In the coasting clearances Ware trade the tonnage of vessels enter. At the annual meeting of the ing with cargo is given as 20,572,000 Shanghai Land and Investment Co., and those cleared as '20,678,000 | Ltd.,

at the

offices,

SHANGHAI INVESTMENT.

E.K. & Shal Hotels § 16) b 161 es New - 16| | H.K. Developments Hongkong Landese Humphreys Patabas Kowloon Lands Princes Building

+4

A.E. Beslyn H.E. Territorialo.... Raral Land...

14 80 Cents L,

1985 96

10-1/2 b

$150 a

V

16.D.

#10 n.

Ewo Cotton Mills, Ltd. -... #19. b. Kung Yike

Cotton Milla

tons net Clearances with cargo Gubb, Livingston were in the aggregate 178 per Agents, at 28 Jinkee Road, cent for, omitting those for the resolutions were passed authorizing Irish: Free State, 174 per cent)

final dividend greater than entrances with cargo

for

the year 1994 of six per cent, and

und

of Co.,

Lson Kung Mows.......

Oriental...

Shanghai Cotton

This was due, in small part, to bonus of four per cent. on the the sailing of vessels previously laid up, hat, probably, in the main paid-up capital to be paid to share to the clearance with cargoes of holders on the register at this date Vessels that had enterad in ballast confirming the election of Sir Comparing the last three quarters Edward Pearce, Mr. C. G. 8. of 1924 with the corresponding Mackie and Mr. H. E. Arnold as period of 1923, entrances of British directors: pccepting the annual re ships with cargo increased by 111 port and socounts; and re-electing per cent and clearances decreased Messrs. Lowe, Bingham, and hy about per cent. : British ship- Matthews sa auditors for the com- ping accounted for 65 2 Der cent ing vear at a remuneration of Tla of the entrances with cargo and for 1,000.

604 per cent of the clearances with caroin, the last three

quarters of "T073. In the corres

ponding period of 1924 British

BILK

Mesers, Chabricres, Morel

shipping "accounted for 65% pere, of Lyons, repor cent of the entrances and for 64&out Janitary business per cent of the clearances.The

general consting leidh was about

37aper coot greater in the last

three quar

Chipping:

than in the tight money.

Pol 1923, but

in the inters

Between Great Britain and Northern Ireland warles by nD7

Yangtssoponen

lansons, a

† 197 198.2: sa 135

(>161's 16) Now-

be 86 Cenim

n." 150

60 Kew 31.

T 60 b. Now #80-1/%

(h. 114 Now 6. 812

Coment #191 h. New 8-1/4 d.

" Coment timbined lan

Chiza Lighbe (Old) vs.

[do (New) $18) f.... Comh : China Providenta 8111⁄2 6. é Providents Combined Forms.. Election Macho do Bongkong and Cantos Hongkong, Ráps. (koper Com Hongkong FORT TERM

(Oomb. b. 5). 301 |

► $.90 1 ̈8.0009 kad (and 19.5sban 8,40

Ge iro dangler Mr and Mrs O. J. Graven

Mr and Mrs AML Mr and Mrs P.M. Vandelie

Hödron

Mrs M. Varoon My knă. Mrs. A. C.Mr and Mrs 7.

Koobler.

Wright Mr & Mrs A. Land

PEAK HOTEL.

March 38.

De J. W. Anderson Mr W. A. Jordan" Mr 8. A. Arthur Mr. and Mra á. 0. Miss E. R. Bally. Dr. Bleau:

Kennedy

Miss G. Kennedy Mr and Mrs L. O. F. Mr M. F. Kay

Bellamy

Me and My X, R. My wad Men T. G.Me & Mrs A. Lane

Beanett

Mr and Mrs & H.

Langebon

Mr. and Mrs. P. W

Blackwell

Me E. Carson

Mr W. H. Bourne Mr And Mr G. D.

Mr M. J. Breen.

Col.

Mrs G.RamellMiss Leys

s

Brown Major A. Little Miss P. W. Brown jobust

Mr and Mrs B. L. Me LMB Lloyd

Bridger He J, D Boyd

Már 8. D. CarotheraMr W. Look*** Capt. & Mes J. O Me and Mrs W.

Carpenter

Содер

MrBa. Olaland Me nad Hra T, A MI- H. Cooper ..Martin Ms I. H. Cormack Mrs 1. Main Me and Mrs W. A.MP H. A. MI

Comell

Mr E E. Mimmack Mr and Mrs J..D, Mr and Mrs F. W.

Diaby

Hunton

Et-Col. R. A. Dob-Miss M. W. Nowe

bla

Mr and

Dancin

holow

Mew J.Me A. H. Penn

Me A. Prism 111_

Hra Sachers Ellis Mr and Me EL B Miss Elifa

Remington..

Mr and Mrs W. A.Mr A.. Bitche

Eustace

Mr A Torber

Mias M. Forbes

Et. Col. Mrs. 0.

Sander

Hr& M ILG.Sooft

Me R. J. W. Foster Mr B. P. Shaw

Mias G. Fothergill M: BEL Skaton

Mr and Mrs F. P.Mr. and Mrs T. F.

Franklin

White Smith.

Lt. E. C. Frederickkits & Mr and Mrs W. D. Stabbings

Goodfellow

Hrană Mek E. P. L. Mr and Mrs Goo, W. Sturdeo

Grey

Mr and Mrs F BA:Kr

Mr G. P. 8bardeo.

TS.. Tromsda Esls.

Mr&Mm C.Thwaites Miss M. B. Hall Miss Thwaites Mr J. H. Hawker Mr A. W. Tickle

Mr and Mrs W. J.L. Col. and Mer H

Hawker

Trevelyan

Mr G. M. Home Capt. RF Walker

#Capt. E. Watte G. Fapt A.J. L. Whyte

worth Lt. Comdr

Mr H. Howell and 1.9. METL Jeakies Wooden Miss D, 0. Jaskin Mr G. O. Worall

G.8 Hugh Jones

PALACE HOTEL.

Me As Arohi to Me 0,H. Faalorood Mr R. A. G. Barestéke J. Jack": Mr. W, Bennett Mrr McCaw VR. W Dampbalife J. MoDonald

Me F. B. Ohichgar Mr B. J. de B. MW. 8. Out Mr. Simpan

Brand. Mr N. 8. Mr H. Smith

Capt L W mish

DAYER ON

Mr. B. P: Davies Mrs O. Biefager and Mr H. Davis

ME B. Forhmids

Goldenberg

Me A Ball

MA: C. Hake

P. Tanzan

child

Mr.

Kes G. Tulloch

M&JW admors

HONGKONG HEIGHTS.

For the information of the follow

Iwoli

·Mok·

every description of Banking and Exel

SAFE DEPOSIT BOLES to let

KAN TONG PO

1935

** Hongkong, 18th February

NEDERLANDSCHE HANDEL HAATSCHAPPIJ.

EEROKLAMES TRANING JOCKEY).

Honorowo. Brännen. Berantmamo 1008

-$12,500

thorised Quillas i 180,000 "Paid-Up Giliai „„.9, 10,000,000 Bonery Faidu. G. 10,015,083.3. 1470/

--Raserrat,,,G," 222,060,000 2-1,88 HEAD OFFICE:----Anil erdam, EASTERN HEAD OFFICE (*** Bacha ving

BRANCHES - Hermanin - Bandoung -

Dolkkarin) Padang

mpore

Cheribon

Bombay

The Hague Kobe Madivaneli Madum

Palembang Peonlangs Pontianak

Boorabais

Weltevredie

LONDON BANKERS. National Provincial Bank Ltd.

Corvasondents all over the world,

BANKING BUSINESS OF EVERY DESCRIPTION

WE GB06XAMT,

November 4, 1996.

Agint.

司公理管業實法中

SOCIETE FRANCAISE DE

HEGERANCE

DE LA BASQUE INDUSTRIELLE

STABLISSEMENT: FRANOO UKINOIS.

(Incorporated in France)

5, Chafer Road, Victoria, Hongk HEAD OFFICE:74, Rue St, Lasari Paris.

Subscribed Capital fully

paid-up Reserve Fond,

Fr. 10,000,000 Fri. 10,809

Working and provided by

THE BANQUE INDUSTRIELLE DE CHINE.

Frs. 50,000,000.

BANKERS:

Parts: Bociete Generale

Nationals de Credit Banque Paris at des Pays-Bas, London: Midland Bank, Ltd. New York: Irving Bank Columbia Trust

Every description of Banking -- and. Exchange Business transacted. Corran pondents throughout the world. Alten M: FITZ-HENRY.

Manager.

10th November, 1994. THE BANK OF TAIWAN, LTE, (Taiwan Ginko.)

Incorporated by Special Imperial Charter, 1899,

Capital Subscribed Capital (Paid-up) 287 Reserve Fund

en 60,000,000 Ten 52,800,000

(Yan 12,980,00E

HEAD OFFICE ТАІРЕН, ГОРМОВА.

BRANCHES

JAPAN-Tokyo Yokohama,

Bag Osaka, Moji R FORMOZ Giran, Kag

Keelung, Making Nanto, Shinchiru, Taichu, Tainan, Takew Tamgal, Tobiyen, Aka.

CHINA. Shanghai Hankow, Kinkle OTHERS Bangkok, Hongkong,

Amay, Foochów, Swatow, Canb pore, Boerabays,

Batavia, Bombay, London, New York

LONDON BANKERS: London County Westminster und

>The Bank hai_Dermap.jadants in the CouemaŠŲ Content in the Bendron Goalimenty Emailag m Philippine islands, Jaraj and Dutch Indies,' AND | ralla, Kaseries, Alfian, k

Lesen, diewed on Current Accent, and Flash Deprečte et sailor which will be quoted as wOJČÍNS

Z YAMAMOTO):

Managus.

HONGKONG BÉANCEL N

28, Dei Voux Road Central Hongkong, 5th June; 19243

THE BANK OF CHINA

行銀國

{Specialy Authorised by Prest

Mandate of the Bepublic of Chi

bớt on the find of Novemb

Authooded Capital

Paid-up Capital

Basuryn Fund

HEAD OFFICE: PEKING.

HONGKONG BRANCH AQUENTE ROAD CEN Branches and Sub-branches An

ilford Chaticand Correspondenta in Enreg

the America, and other parts of the 290) London Bankers:=> The National

Ncial and Union Berlof Eri The Compant) Trust Compan