1925-04-09 — Page 2

Page

HONGKONG SHANGHAI

BANKING CORPORATION,

HEAD OFFICE: HONGKON

Authorised CAPITAL.................... $50,00,000 (ASUD AND FULLY FAID UP $20,0001000 RESERVE FUND

STERLING... & 4,000,000 8ILVER...... $26,000,000

BEERVE RABILITY OF

PROPRIETORA...............................

3. D.

1) asubu

COURT OF DIRECTORS:

G, M. Young, Esq.-Chwar dams.

HC. P. White, Baq-Deputy ChairEZZA

Balth, Esq.

W. E. Bel, Esq.

Hon. Mr. A. D. Targe

q

W Pattendant. Ráð 1. H. Compron, Esq. 1. A. Pammer. Hon. Mr. P. I. Holyoak T. A. Well, Kec

CHIEF MANAGES :

A. H. BARLOW, Esq. Manager: Shangbei—G A. STITT; Esq.

LONDON BANKERS. Westminster Bank, Ltd. CURRENT ACCOUNTS opened in LOCAL CURRENCY Antd FIXED DEPOSITS received for one year or aborter periods la Local Currency and Sterling on terms which will be q'acted on application.

Bongkong; Sat February, .1 15.

COMMERCE AND FINANCE.

COMPANY REPORT.

STRAITS STEAMSHIP CO.

The report of the Straits Steam- ship Co., Ltd., for the year ended December 31, 1924, states:----

SHIPPING'S ONLY HOPE,

FINANCIAL REVOLUTION.

A NOTABLE BOOK.

THE CHINA MAIL.

THE PRU

£35,136,037,

The Prudential Assurance Com pany, Ltd., surpassed its own remarkable records last year. Its figures are simply amazing. Here are a few of them :

Total assets£171,049,265, Increase £12,599,036.

Total Income, Increase £1.436,771,

Ordinary Life Branch Now volicles lasued 83.410, assuring the sum of £14,217,481, and producing a new annual premium income of £1.031,743. Claims paid in the year, £7.267.538. Number of policies in existence, including anguities, 1,120,128.

Industrial Branch Premiums received, £15,710,290, an increase of £322,942. Claims paid, £4,728,593. 24.018,159. Number of policies in existence,

vast an

com-

Morus's book on the change of hands of European fortunes is the first detailed description of the The profit for the year, after enormous economic revolution the writing off depreciation and trans- last 10 years have witnessed ferring to employees' bonus fund There is not a country in Europe the sum of $5,000, "amounts to which has been spared these $794,047.13 which, with the bal experiences, neither the countries ence brought forward from last of the victors nor those of the your viz., $275,000, makes a total vanquished, nelther those which of $1,000,047.13 available for dig. took an active part in the war nor tribution.

those which chose to remain Your directors pro- nose to pay a dividend of $5 per

Deutral. share making, with the interim pean countries which went through Of course those Central Euro- dividend paid on September 6, the dreadful times of Indation. 1924. $10 per share for the year, suffered more than the others. themselves. Apply a little imagin These figures are dry enough in absorbing $553.120. It is also Investigation is therefore devoted atlon to them. Think of the relief proposed to pay a bonus of $5 per chiefly to their conditions Their from financial care and worry the share absorbing a further sum of industrial, financial, and agricul distribution of the £12,000,000 in $276,560 leaving the sum of tura capital, the various large claims paid must have meant. $239.367.13 to be carried to a new fortunes accumulated during the Visualise the extent of the thrift account.

war and after, the consequences involved in The payment of of the currency had on the former- £25.222,526 in premiums. Then ly well-to do middle classes, all some realisation can be obtained this is most carefully analyzed. of the Importance so

Morus also throws light on the institution attains in the international entanglement of munity. capital, the manifold relations. between economics and politics..

LOW WAGES IN ITALY. "At the nuts meeting of the the increase of colossal industrial Chamber of Shipping of the United and financial concerns and out- Kingdom, held at the Father-standing personalities in Euro- of Halians to earn their own living So greet is the desire on the part elles Hall, St. Helen's-place, pean financial management: Otto apart from any State aid, write E., Sir Alan Ankers, be re-Wolff. Hoco Stinnes, the brothers the F.B.F. Commissione in Italy, INTEREST on deposit is calculated firing president, said it was impos Stamm, Hugo Herzfeld, Jacob that womey, operatives in the Isco on the lawost balance during och comild to be comfortable at our Michael in Germany: Camillo region, near Brosi, are working pleted Calendar Month at 34 per cent. par annum. Should there be no balance ages when our banding competitor Castiglioni and Siegmund Boselt the phenomenal wage of 15 any day in a month an interess will many was paying just about in Austria: Lord Leverhulme in rentimes per hour (which is less than

half

I was one of the results of England; the brothers Cambon, 24.), Jiis even chimed that the the general lack of haluce in the Schneider-Creusot and Loucheur works in question er be kept in is of the world today, and in France; Kroeller in Holland operation day and night, so anxions antal to think it would continue and many others.

are the people in the district to be about a complete transformation of tion's correspondent wearka, gives The last 10 years have brought self-supporting. This, the Feder values. It has turned rich nations one reason why Continental manu- into poor ones and poor men into facturers are able to compete so rich men Is the outcome of this successfully against British firms. development a definite loss, or is it only an apparent decline of rational wealth? it a passing or a lasting deterioration of formerly valuable goods? Those are some of the problems the book tries to answer..

HONGKONG SAVINGS BANK.

THE business of the above Bank le

conducted by the HONGKONG AND SHANGHAI BANKING COR PORATION Rules may be obtained co application.

be allowed for that month.

Depositors may transfer at their ention Balance of 8100 or more to the. HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at

CURRENT RATES.

For the Tow & ERANAHA)

BANKING COKURATION,

H. BARLOW,

hist Manager Hongkong, 7th fanitary, 1926.

THE CHARTERED BANK OF

INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853:

HEAD OFFICE: LONDON:

Pak-up Capital

Reserva Fund Reserva Liability of Pro-

prietors...

.£3,000,000

£3,000,000

..£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 rooted on application.

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

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

9. Englevard Hansenian, Parts, Paberibad Capital. Fr. 72,000,000.00 Pald-Up Caplin!

... Fr. 08,406,00),0, Reserve Funde... Fr. 42.607283.54

Banker

Ba:timbang

Deaton

Djibout!

Helpboa

akor

17

BRANCHE

Hongkong

Mungise

Homes

Papeete Paling Paom-Peah Pondicherry BANKERA:

ENHAMPERRE BY VSECONOMIC RESTRICTIONS.

and exporters were fight ing to go back or over-seas trade, the most pet the help of Huss Who did not done into direct con ket with the work.

י

it was wrong for sheltered trivies to get herenses when the open trades were suffering severe hard ship and unemployment.

The position of shipbuking was very bad just now, and orders in sight were almost fess that they had ever

The prospects for the Faire were got very rosy, and (nach lower prices were

}{{c] Labiend,

Mr. John Denholt, a shipowner engaged in the sugar trade to the West Tarlies, who was elected pre- silent, referring to the cost of bread, stid: The cost of transport

It describes an interesting part of the history of our own times and will doubtless be of great value to those whose task it is to avoid similar developments in future.

Die Umschichtung der Eur (Richard Lewinsohn). opaeischen Vermoegen, von Morus Berlin: Verlag S. Fischer.

of whent from Calgary represented LONDON EXPORT SOCIETY. H. on the 4th, leaf, of which the|

ner got 14, and the railways farthings

"Tisde," he dared, "will re- cover only if it is left to itself Bag De not hampered by unconomie restrictions, whether by Govern- mens or others."

CAUSE OF EMPTY LINERS.

Speaking at a luncheon in the White Star liner Baltie at Liver pel, Mr. L., R. Stanton, an Oldham steunship agent, said that when liters were running to the United States etaply he would like to put a label behind them stating, "This Bagon Shanghal ship is empty because there is too Singapore lovernmens interference. Tiant:n Tarant

· IN PRANCE' Comptoir National¿? Pirls: Crolls Lyonasia, Bangna də to Pays-Bas; Credit Industriel et Cg

prime Gonzale.

IN LONDON The Netianaly Dan Biok of England, L Sual-compte de Paris;

IN NEW YORK: J. P. Triach

American Banking, Heurenty Trust Co. of New York.

latsmet allowed on Carreal Account and Fixed Deposit according to arrangement.

Every description of Banking sod Exchange A sejnam Eraniketad.

A. LECOT,

Manager Hongkong, Mambj20, 1921.

THE YOKOHAMA SPECIE

BANK. LTD.

Batablished 1880.

Capital (fully paki-up) Ten 100,000,000 Reserve Fund Yes 90,500,000 Head Office:—YÖKÜRAMA,

Branches and Agencies at!'

·Batavia. ·

Newchwang: New York. Osaka.

Bombay.

Ronson Ayres.

Calcutta

Changchun.

Dairen (Dainy),

Peking.

Rangoon. Rio de Janeiro.

Wengtian (Mukden). Salgon,

Hamburg

Hankow.

Ini Tasta

San Francisco, Seattle. Shanghal Shimonoser. Singapore. Boerabaya. Bydney. Tientsin.

Harbin

Honolula

Iobe.

London.

Los Angeles.N

Lgena,

Mants

Tokyo. Tainanfo.

Nagasaki.

Nagoya

CLUB TO DISCUSS TRADE MATTERS.

-1

A new society, known as the British Export Society has recently been formed in London to provide a nicans for the interchange of views in a free and informal manner between firms having at heart the development of British export trade.

The

Suciety performs по excutive functions and claims no representative character. It is, in fact, a club providing facilities for the Interchange of information between its members on matters The tin had arrived when prac-f mutual interest. Ench firm viculty ali Goverment interference with travel and emigration stabil director or manager to attend the

jolning nominates

export use except in the direction of

monthly meeting, thus enabling \ping over-sens settlement.

representatives of different in- dustries to get to know one another.

TAX ON OLD CARS.

IT IS AFFECTING THE INDESTRY,

its

]

EXCHANGE

Hongkong, 9th 2 pril' 1938, On London-

Bank. Wire... noe the

10.213

On demand...B/9'1/16 30 day's sight. 4 months aight- Credits, & monthaight-

On Paris-

Documentary, months sight 2/4,

On demand.

On New York-

On demand

Credits, 60 days" sight On Bombay-

Wire

THURSDAY, APRIL

· VISITORS. AT HOTELS..

HONGKONG HOTEL April 7, Mr. R. T. G. Altken Mr. J. H.. John-. Mr. & Mrs. N. stona

Beale

Mis L. Hi Jordeu Mish M. Poxatend ↑ M sa I. 2. Jordan Mr. V. Benjamin Mr and Mrs Kenio Mrs. E. R. Bellies Me a Kidd Mr. R. J. Birbock Mr. J. G. OReefa Min Buy

Stars 19. Latexwood Mr. D. Cappleman Mr. & Mrs Mr TV, moli Lauritzen

THE BANK OF EAST ASIA, LIMITED.

HEAD OFFICE HONGKONG, Authorised Capital.....................$20,000,00 Paid-up Capital 80,000,000, Reberre Faud

.......... $1,000,000; DIRECTORS:

Hon. Mr. Obow Shou Son-Chairman

Fang Ping Shan

a

Ld koon Chan.

PE. Ewok

Ng Ching Lak

Mr & Mrs W, J. B Mr. & Mrs. J.

Obamber

Mrs. Clarke

Mr. J. H.. Cook

Lindorman

Klas H. Lillis

Fong Wi Ting

Mox Ching Kong

Wonk Yan Tong

Huynh Thi

Kan Ying Po Chan Ching, Shak

Every description of Banking and Exobange

transaciel. Loam grand

SAFE DEPOSIT BAIES to let

Mr. & Mrs. & Linkan Mr.

Marks

Mr. P.pproved" securitiam,

nom

Oredits, 4 monthy' sight,...

On domand

Mr Woling

Mr. M. Concannon

Miss R. David

Mr. L. H. Davis

Deacon

Naught

Mr. C W, C. Van

as MoNaughton

Dorgger

Miss M. Eccles

calt

On demand is On Calcutta

Wire

On demand - On Singapore- Os Manlle

On demand

On demand... On Shanghai- Og domand.

W

+4

+

081

•

the

198

TH

now,

30 days! sight (private paper) On Yokoham On demand

200

W

Gold Leaf, 100 Bus (per tael) 47.80 Sovereigns (Bank's buying rate) 8.51 Silver (per ox.)

91 RUBSIDIERY ÖDIKS.

Q

部

15

H

5% din **2%, dis.

5% dis

|Hongkong 50 cents rub.

Canton polas

315 dia.. Bar Bilver in Hongkong 10% pm.

Rate of Native Intercet Ohinese Copper Cash... 10% pm. Chinese Sab. Cola Obiners Copper Cente... 5% pm.

-31% dia Hongkong Bah. Ooln.....

3 in 7 Lout

% dis.

BRONCHIAL COUGHS.

They are even manacing if allowed to Bronchial coughs are not trifing. rang on and weaken the system. Cham you ought to take for bronchial, berlain's Cough Remedy is just what influenza and la grippe coughs. It con- of warmth and comfort follows the Arst tains no opiates and a pleasurit, feeling

dosa. Sold everywhere.

LOCAL SHARE MARKET.

Capt. & Mrs. A. W McKinley & child

Mr. & Mrs. B. Yr and Min Mo-

KAN TONG PO

Decathlal Manager.

Hongkong, 18th February, 1925.

Miss Dorothy Met-NEDERLANDSche Handel

Mr. & Mra, E. E. Mr. C. H. Muntagus

Ellio

Mr. N. Murray

Mr. G. F. Flasser Mr. J. Nolasco

Mr.. E. H. O'Farrell

tea El. Fay

15. R Fondlay. Mr. H. Pearman

Mr. McGregor

Fraine

Miss Fraine

Mr. & Mrs.

A. H. A. Four

Mrs. B. Gelard

Miss A. I. Griffin

Mr. & Mrs. Gould

atr R. Pupe

MR. Poerper

Mr. A. H. Rows

V okay Mrs. E. Sparka Mr. & Mrs. A. D. Silas & infant,

Mr. & Mrs. C. J.

Dr. D. R. Gawier Smith

Mr. G. H. Gibyan Dr. F. Silvestri Mr. & Mrs. G. A. Mrs, M. E. Sinclair

Henderson

& child

Mr. J Scott Hara- Dr. H. F. Sommers

Capt. I. Skquiland

ton

MAATSCHAPPIJ

(NHTHERLANDS TRADING BooDRY.)

Faramiassen 1884.0

Homorphe. UnAzOS ERLILICO 108

Anthorised, fit"), Y50,000,000 £12,500,00 Paid-Up Onyek 20,000,000 £ 6,586,879 Beserve FundG, 20,045,039 2.1,870,418 Special Reserve...G. 28,480,000. 2. 1,888,200 HEAD OFFICE/~Amsterdam, EASTERN HEAD OFFION --Batavia,

BRANCHES

Bombay Djember:

Kobe Adedan Pecalonga

Banderin. Bandung

Calcutta

Oberiban

Djodakaris

The Hague

Kota-Badja

Makumar

Paling

Palembang

virs J.

Perniag

Pottnak

Rangoon

Samarang Soertoca

Tagal

Mr E devih Mr. & Mrs. 1. A.. pos

Mr. E. Hausmann Mand bir. A. F. Henry Berlokland

[Rev. O. H. Hewitt

Capt. T. P. Hail

Tobias

Mr. A. D. Taylor

Mr. & Mrs.. W., A. Mr. J. Thomson

Hannibal

Mr. C. Put-Van

Misses A. & F. Mr CT. Vandorterg

Hamilton

Mia Vernon Mr. G. A. Harriman Mr H. Waiduok Mr. & Mrs. A.Hicks Miss Winck Mr. C. E. Holmes Mr. & Mrs. P. R.

T Haworth Capt. & Mrs.Walker Mr. & Mrs. Wm. Warren Mr. & Mrs. A. S. M. Wilson

Higgins

Mr. & Mrs. Watt

Hernee

Mr. G. J. Johnston Mis. 4. Jerrold

Dr. & Mrs. Linsay

Wood.

REPULSE BAY HOTEL

April .

Mr and Mrs Van Me & Mrs E. Land A del child Mr & Mre Maligay Mr & Mrs G. Bond child

M. Bannerman Mr sad, Mra J.N, Mr and Mrs A.6.A. Parker

Osrleton

Mr & Mrs Salemler

Mr and Mrs Clare Mr and Mrs T. Mr and Mira Fied. Schryver

Mr&Mr Vander. Mr and Mrs P. M. Steen

Lo-Col. And Mr and M: A. C. Stephens

OFFICIAL

QUOTATIONS.

11

AM

Hodgson

Hra

APRIL 0. Szerbiai kosta.

Kochler

Mr and Mrs E. J.

Lacon

Mr and Mrs F. J.

Wright

PRAK HOTEL:

· April 3,

APRIL 9. Name

"Sook cabi

H.S.B.C. T.T. on selling rate

London

Hank

Wa

** and on Shanghai

*#738 Hongkong Banks 112 ss London –£13) n Chartered Bank

F. & Q. Ránk

£31+ b 211 b.

East Asia. Bank

$100 a.

Mərcantile Bank ́A ́B

do. Marine InetPAROGE Canton Inanesmob... North Chins Insurance Union Insurance -- Insurance Yangtaxe

290-139 b.

0

213-1/8 b.

# 160 in.

.

$972 0

+

China Under

Fire insuranODS

China Fire Insurance... Hongkong Fire Insurance. shipping

730 b. 765

45 b.

...$ 2.80 b

$.210 6.

58:6.

51a.

198

De J. W. Anderson Miss G Kennedy Mr 8. A. Arthur Mr M., F. Key Mise E. R. Bally Mr and Mrs E E

KIN

Mr and Mrs T. G.Mr & Mrs A. Lane. Mr and Mrs 8. H. Mr J. W. Bonnar Langaton

K. Bor Beld Mr K. 'arser

Shangha Boerakarta (Bols”“

Tillatjap Weltevreden

LONDON BANKERS :-)

National Provlarial Bank Lad

Correspondents all over the world.

BANKING RUBINES OF EVERY

DESCRIPTION,

W. E. GROSKAMP,

Agent.

Hongkong, Novmber §,. 1924, ̈*

司公理管業實法中,

SOCIETE FRANCAISE" DA GERANCE

DE LA BANQUE INDUSTRIBLLE DE OHINE ETABLISSEMENT FRANDO CHINOLA.

(Incorporated in France).

6. Chater Road, Victoria, Hongko

HEAD OFFICE: 74, Rue St. LaELIG Parli

Subscribed Capital fully

paid-up

Frz. 10,000,000 Reatre Fund F. 10,800,000-

Working fund provided by

THE BANQUE INDUSTRIELLS

DE CHINE. › Frs. 50,000,000

BANKERS:

Paris: Societe

Generate, Ba

Banque

Nationale de Credit

London: Midland Bank, Ltd.

Paris et des Pays-Bas.

New York: Irving Bank Columbia Trasë

Co.

Every description of Banking' kal

Me and Mr P. W Mr and drs G. D. Exchange Business transacted, Comme

Loy

MW. Bourne Mis Leys

Major A. 8. Little- Col & Mrs C.Russell jobs

Brow

MYTHS. Lloyd Miss P. W. Brown Mr J. D. L'oyd Mr and Mrs R. L. Mr W. H. Loekc

Mr and

Mr S. D. Carothers

Bridger

Capt.

Carpentor

Содар

Mra W

& Mrs J. O Mr and Mrs T. A.

Martin

Mr B.A. Ulsland

1330

291-1/2 £11

m. 100

6. "4" 2204

b. "C" 19

Dr E Bilean

।

745

Bennett

140

b. 973 174

Mr. J

b 48"

b. 2.90 sm 1.90

Blackwell

185

Mr M. J. Breen,

250

Tovelaces... H.K. Steamboată d Hongkong Tags sod Fighter Indo-Chinna (Prof.

4.

BS

#87-1/1

₺ 36 381

$4 n.

E. 4.3)

$39 n.

do.

ME

120 a.

༣.a

1, 110

D 23/.

467

D 87

# 17-1/4 m.

n. 18.10

***

$255 12.

265

#66 #

# bi b

b 623 on 07/2

b5

8- L

b. 26.

by

b. a)"

h. 1-1/1

# 330 B

58. l.

¿. D.

P. 2.00 b

#191 b

199

131 m.

T136 m

#9) # 9,20 NA

b. 120 sa 118.8

2,183

E 0

Ind

*

(Del.)) I.

(H.K. Reg.) Sheil Transporta... Star Ferries Water-boats ... Oriental Nav. Co. #ofluarles

E

***

T

85/- 0.

China Sugar Malabon Sugar Mintar

Kalan Mining Adm. ... ... Langkate

Oomb. $47, a Shanghai Leane

$7 The R'bal Explorations...b

ingle Langkats ftsf b Raube

***

Tronoh Minas

Bengnet Con

Ural Csep

*

+4

***

Dock). WALrves, Godowns, Mo..

3. & K. Wharts

H. & W. Dock...

4

www

S'hal Docks ** ** *** ***

At the last meeting of the society! an address was delivered by A. C. Rouse, head of the American. section of the Federation of British The high tax imposed on old Industries. Mr. Rouse emphasized motorcars as having a serious effect the importance of studying the on the motor industry in general, climatic conditions of overseas The current number of the Automarkets, pointing out that it was solely due to neglect of this side |C'ar says, in this connection:

This Heavy taxation of old cars of the question that cases occurr effects not only the owners of themed such as inquiries being receiv- hat has a direct bearing on theed from British manufacturers of welfare of the automobile industry, waterproofs desirous of appointing

There must be dozens who buy a agents in places like Antofagasta | new car and hand over to the dealer where there was no rali at all; their present car in part paymers and even from woollen manufac "If the present our is of antiquated sell their goods in the Amazon turers who insisted on trying to engine design, by which is meant one with a very generous bore in pro- of a woollen

Valley, where the mere thought portion, to the stroke, and there-

vest fore liable to a very heavy annual whelming Conversely, manufac

turers were to be found who tax, ageris, knowing that such a had an idea that because Co-dottor will era will prove almost unsalable, are unable to offer anything but it must

lambiá break-up price for it, and in this way the sale of many a new car is

| jeopardised or even cancelled.

was over-

Was near the equator whereas parts of it were sufficient

be exceedingly hot, ly cold to occasion a good demand for woollen clothing.

Tariffs, in Mr. Rouse's opinion,

GILLETTE RAZÓR PROFITS. were imposed by the countries of

Latin-America more for revenus than for protective purposes and he did not anticipate that the growth of local industries would be harmful to British Industries, except in Brazil and Isolated laps Mr. Rouse

in other countries.

The first annual report issued by the Gillette Safety Razor Conjany since the shares were introduced on the London Stock Exchange has just been received in London.

Converting dollars at five to the concluded with a few remarks £the net earning for 1924 were about the Influence of the United £2:024,404, after providing for Sites, which, he said, had been on considerably extended, especially

opening of the Panama Canal,

Estates

New Engineeringo... FLE. Engioceriaga. Bhanghai Hongkows Landı, Hotels & Buildings,

A. K. & Shal Hotela 315 40 n z.d. New`- H.K. Developments

BO Cents t. Hongkong Leads

694 Hamphreys

20-1/3 b Kowloon Frigues Building H.K. Realty H.K. TerritorialLA Kural

Lands...

Ewo Cotton Mills, Ltd

Kung Fiks

$10.

#11.655

(en 15/15.40 x.d. Now-

b. 70 Canta

M951.

*n. 4-1/2

2. 4-1/1

b. flow $30-1/2

#50 New 13 n°

(b.11] New b. BJ.

Laon Kang How Oriental Ebanghal Cotton ... Yangissepoo Miscellaneous. A

Cements

10 6. How 8.86 5. Cements "Oombloed ### b Chian Lights (Old)

is (New) B19 b. Comb 371 b 33 s China Providenta $167. New 9) 'n' Providents Combined

388 b. Dairy Farmsalamin an H.K. Election.

160.1,

129

Houskong and Denton Ione Hongkong Rope 12 Bopes Combined Hangkong Tywanym

Da Watson's

Wm. Pows

Canton

Trostock. Interest allowed on Current Accounts taxes and reserves and so Deposits received for fized periods at Estas to be obtained on application against £1,682,855 for 1923, before on the west coast, as a result, of the

CARIMA) - making such provisions.

Manager. Quarterly cish dividends amount- Hongkong 11th March, 1925:

ing in all to 12 dollars per share were paid during the year and, in addition, stock distributions of 47 new shares on every exisang share! This big stock distribution was made with the intention of getting stopped by Chamberlain's Pain Balm future dividends on a cash basis-Being penetrating, it reaches the only,

& cash or "Being popote, arts the circulation „The company and its subsidiaries) removing the pressure, and innamm

Da sold 8,438,576 razor sets and tion that causes the pain... Halpa heade 42,604,498 packets of extra blades i braless, sprains and sore manacle Hold

aches, backaches, atin, swollen- jointa, Botan during the year.

and recommended, everywhe

FINE JEWELLERY" -

mart, Hoopsgade Wedding Mags:-

"BROSZ

66 Fathom hoad, Kowloon,

STOPS NEURALGIC PAINS AND HEADACHE Tormenting neuralgia is eased and

3488 New 10.10

19.b

L

(Ooh, is 314 sa JIŽĶI

New h. Id Comb b. 33 (n. 16 How a st

Comb h.-28-1/H.

b 36,60

65-1/7.1 69.

Now to b

Mi-e M.Cooper

Mrs J. Meinsh

Me H. A. Miln

Mrs IH Cormack Mr E E. Himmat Mr and Mrs W. & Mr and Mrs F. W.

Cornell

Munton

Mr and Mrs J D. Mira M. W. News.

Danby

belme Lt.Col. R. A. Dob. Mr W, Ogden

hir

Mr T

Mr. N. C. Donald

Mrs Samera Ella

Mtas Eills.

.E. Ullerton

Mr A. H. Pean

Mr A. Prismall Mr and Mrs H. E

Mr and Mrs W. A. Rewington

Bontsep

Mr A. Ritche

Mr D. FitzGerald Le Col.

Mr A Forces

"เ

Mr 0:

Sanders Mias M. Forbes Mr & Mrs F. G.Scott Mr R. J. W. Foster Mr R.P. Shaw Miss G. Fothergill Mr R.-H. Skelton Me and Mra F. P. Mr and Mm T. F.

Franklin

White Softb Lt. E. C. Frederick Mrs & as Me and Mra W. D. Stubbings

Goodfellow Mrand Mrs E. F. L. Mr and Mrs Goo. W. Bardee

Groz

Mr. O. P Sturdes

Mia M. B. Hal'

E

Mr and Mrs B. A. Mrs. ThomMA'

Erle

Mr&Mrs D. Thwaites Miss Thwaites Mr J: B. Hawker Mr A. W. Tokie Mr and Mrs W. J. Lt. Col. and Mrs B

Hawker

Mr.G. M. Hems. Crelyin

worth

Watta

EF. Walker Capt. &. L-Comdr, G. F ME. R Weller

Hole

Mr. B. Howell

Mr T. 1. Jenkins

Lt. AJ. Wheto

Miss C. Willmott

Mr. and Mrs F.

MI4O. C. Jenkins Wood

Mr G 8 Hagh Jones Mr G. O. Worall Mr and Mrs Kennedy

A

Honour for Marjorie Bowen

I hear that the University of

Leyden is to add to the honourê

pondents throughout the world.

M. FITZ-HENRY,

Manager. 10th November, 1924,

THE BANK OF TAIWAN, LTI

(Taiwan Ginko.)

Incorporated by Special Imperial Chartor, 1890.

Capital Subscribed

Capital (Paid-up) Besarte Fund

Yes 60,000,00

Yen 12,980,004

HEAD OFFICE:

TAIPER, FORMOSA

BRANCHES:

JAPAN-Tokyo Yokohama, Kobe

FORMOS Giran, Kagi, Kamis,

Osaka, Hoji Keelung, Making, Nanto, Pha Shiochiku, Taichu, Tainan, Takow Tamani, Tobyen, Ako,

sales,

CHINA-Shanghai, Hankow, Kinkiaan."-

Amey, Foochow, Swatow, Cantone OTHERS. Bangkok, Hongkong, Bingg

pore, Sourabaya, Batavia, Bombay, London, HEA Tork.

LONDON BANKERBY RISKS London County Westministar mat

5" Parr's Bank,

The Fant has Corrorpsodents in the Commleruds"*" Casey in the Scopes Coutlet, Bustin Mans choria Tsingtao, Japan, Indo-Chins, Film,/?m/in/a Puduppins diets, Jays, and Danck India, Ay ralla, Amarles, Afrion, d,

ports as rated which will be quoted on supplies, Interset allowed on Caimat Account, and rized

Z. YAMAMOTO,

* Manager.

HONGKONG, BRANCH,

3. Der Vœux Road Central, Hongkong, 8th June, 1924.

THE BANK OF CHINA: 行限國中

„(Spacinity. “Authorised by Pras

on the stod nd November, 1917 Mandate of the Republic of Catas Anthorisad Capital

it has already bestowed on Paso-up Capital nec

Majorie Bowen by conferring on Reserve Fund

HEAD OFFICE: PEKING.

HONGKONG BRANCHL QUEEN'S ROAD CENTRAL Branches and Bab-branchas all, oval China and Cornwapondente, in- Teleopaj

marks, and other part of the wand London BankriYOU TUR NADMA) Pron

(elal and Union Bank of TinglaNG,3% The Guaranty Trust Company of Nee

her the degree of Doctor of Literature next month; she already holds the University's Diploma of Literature, and she is also Fellow of the Society of Arts and Learning of Utrecht - (Writes "-"T; P*" in "T.P. #. and Cassell's Weekly). This Dutch recognition af distinguished Englishwoman is due to her having lectured a great deal in Holland on historical subjects, National Bank

Majorie Bowen a pen name.

by the ways the novelist is actual ly Mrs. Gabrielle Margaret Long

13 a tall, slender woman with golden hair, whose fondness Zor Wear

rrings gads s kort to her picturesque She was once an Vilade

pa

appe

studes

abers pab