1925-05-05 — Page 2

Page

2

SHANGHAI

HONGKONG CORPORATION

ARAD OFFICE: HONGKONG.

AUTHORISED CAPITAL................. $50,000,000 (HHTED AND FULLY PAID UP $20,000,000 REJERVE FUNDA *----

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

RESERVE LIABILITY OR '

PROPRIETOR

$20,000,000

COURT OF DIRECTORS:

(. M. Young, Moje-Chairmanı,

H. E. Will, Emp¬-Depoty Chairman.

B. f. H. Reith, Vej.. | Han.Mr. A.D). Leng,

...Boil, Esq. W. Pattomien A. 1. Compton, B. A. Plummer. Eq. Hon. Mr. P., Helyink. T. G. Weall, King,

CHIEF MANAGER : A. H. BARLOW, Esq. Hanager: Shanghai- . STITT; E.

LONDON BANKÉRS.. Westminster Bank, Ltd.

COMMERCE AND FINANCE:

RUBBER

The rubber position is becom Ing more interesting, for last | week's return (March 21) shows a further reduction in London

stocks which now stand at the exceptionally low figure of 20.534 tons, which is less than one-third what they were a year ago. It is estimated that one-half of these stocks are already purchased by

or

JAPANESE DEMAND

TARIFF IN INDO-CHINA,

THE CHINA MAIL.

Pourparlers between Japan and France for a commercial treaty ars reaching a crisis. In the course of the conversations Japan demanded that the minimum tariff which it enjoys in France be extended to Its Importations. Into Indo-China. Franch, exporters were disturbed. From France, glass, products China' and however, the price of rubber is creeping up steadily, and is approaching is, 8d: per lh, An average price of Is. 6g, per pound from now until April 30

manufacturers are held by dealers against forward, contracts, and if there is, not a shortage 'during the next few months, sia- istics are of little value. Mean- while,

cotton

are

hava interviewed the ministers concerned.

Herriot, the Prime

various

BIG WHISKY MERGER,

ITS EFFECT ON THE TRADE.

EXCHANGE."

Hongkong 5th May 1995.

On London-

Bank, Wire-

10

On demand 31/10 30 day'a sight... 4 months' sight Credits, 4 months sight.../3- On Paris-

Documentary, 4 months sight 3/4

On demand.

47045

Oradits, 4 monthy sight.145 On demand... On New York

On demand

Credita, 80 daya' sigbi On Bombay

Wire

On demand... On Jaluth.

WiTO

On demand.

On Singapore-

On domsud... On Manila-

On domand..

On Shanghai.--

12

TUESDAY, MAY 5, 1925,

VIBITORS AT 'HOTELĄ;"

HONGKONG HOTEL,

My

Mr FL Airlrood Mr and Mrs: -J, Mr. V. Benjamini Kragh Vee Mr. E. R. Belillos Mr. CEL. Montague Mr. R. J. Bizbeck Mr. E HL, O'Farrel Mr J. K.

Mr. D. Cappl Oliver

Mr & Mr. ParBo

Mr C. M. Cottrell "Hr. E. Pearman Mr.Chan. Carter Mr G. F. Planetici

Mr. C. W. O. Van Mr Pomeroy

DOTELY

Mr R.

H. Pope

Panger

Mr and Mrs DrylorMr B. A.

and child

Mr O. Dapro

Mlay O. Eolas...

... 151

Th

ww

... 161

134

961

109

On demand. ***

ま

30 days' atght (private paper)

On Yokohams---

On demand...

IN

1293.

Gold Leaf, 100 Bos (per lacl) 47.5

Bovareigns (Bank's buying rats) 8.64

120 The 88.5/18 SUBSIDILAY ORIES. Hongkong 60 centa sub......

A meeting of the Distillers. Company Ltd was held in Edinburgh to consider a special resolution for the purpose of facilitating the proposed arrange. ment between the Distillers Com pany and the Buchanan, Dewar and Walker concerns. Mr. W. D. Graham Menzies, chairman, moved metallurgical, the adoption of the resolution. and paper Mr. W. H. Ross, managing acnt to Indo director, seconding the resolution, a large number of chambers of commerce protested said that whatever benefit the against the breaking down of the shareholders might receive from customs barrier. Parliamentariahs the scheme under contemplation,

Edouard he was convinced that the pro Minister, posals to be brought before then will be sufficient to release an CURRENT ACCOUNTS opened in other 10 per cent. of the exporting that French interests will good for the whole trade, in which has now replied indicat later on; would hold nothing but BOCAL CURRENCY. and FIXED able amount of rubber under the DEPOSITS reseived for one year or restriction scheme, which would not be sacrificed The acgotivi shorter periods in Loca). Currency and

a pre, they should have to play a cen-Silver (per oL.) terling on terms which will be quotedbring the percentage 10 65 pertions ares, regarded as

[Iminary study, - laj cent. Then, if the price of the

case spicuous part. The three com any in application,

commodity is maintained at an Jipin has bee laformed not to

panies proposed to be merged average of is. 63. per lb., the ex-in regard to Indo-China. Although tion with each other. As stocks of were all more or less in compoti- creased to 75 per cent., as from the Government has been obliged

matured whisky increased in August 1, and 85 per cent. as from to take this altitude, it should be volume the tendency for each November 1. The position in trade noted that it is desirous of reduc-

company to strive for a larger 11H huainoss, of the above Bank it which are contingent upon the closer friendship with Japan, the with the result that prices. would

circles is that even these increases in the tariffs to the lowest pos

proportion of the trade was bound sible point, and to cultivate TH

to lead to increased competition, conducted by the HONGKONG maintenance of the average price. AND SHANDHAR BANKING COR 16. 6d, or over-will not be suffi-castern neighbour of French Indo- begin to drop until some of the FORATION. Rules may be obtained cient to meet the probable demand for which French maufacturers withstand the strain. If competi Chine. It is only specific articles smaller firms might find it hard to oo application.

The higher percentage of cutput is insist on protection and on which tion among the larger companies. INTEREST on deposits is calmulato

more important to the com- on the lowest balance during auch com-

concessions are refused Tipan.

could be minimised, the effect ploter Calendar Mouth at. 34 percent.panies than an increase of

that the altitude of both sides is to be beneficial without it being conciliatory.

necessary to close the door to that healthy competition which the public had the right to expect. As to the terms of the proposed offer he could say nothing at present; they had still to be placed before the shareholders of the other companies. The resolution was adapted.

Hongkong, flat shrnary, 1228,

T

HONGKONG SAVINGS BANK.

portable allowance will be in-

2

expect a general minimum tariff

YI

ta

1

Cantan ole Bar Bliver in Hongkong Chinees Copper Cash Rate of Native Interest Chinese Copper Couta... Chinese Sub. Cela Hongkong Suh. Coln....

die.

I 3% dis 3182dls. 10% pra 10% pm.

17% out. 6% pm.

31% dis

%l.

Minson Foster Mr. & Mrs.

AHA Fong Miss A. L. Griffin Mr. & Mrs. J. Gould Dr. D. R. Gawler Mr. A. F. Henry

dr F. E leb Capt. 7. P. Exil Mr. & Mrs. W.

Hannibal

and Mrs 0.

ܙ 1gmt]

Muses

Hamilton

Me H, A, Ramɔvivich

·Mr A. Rin leð Mr Alex Room

Mr. A. H. Rows Mr J. A. Saboak. Mr J. Pohmitz

Mr & Mr Schofield Me W. Mchurohner

Mr. & Mrs. A. D.

Silas & infant Dr F. Milvestri Capt. 1. Siquliand

A. Dr. H. F. Sommere

MIA H. Spirke

D. Mr Saarmonda

Me and Mrs R. W. F. Tonny

Mr and Mrs L A.

Mr. G. A. Harriman Th 189 Madamo F. Hon Mr Todd

driky

Mr and Mrs F. W.

Wagner, Jr.

Mr. C. E. Holmés Me 5. B. Jone

Mr J. E Joseph

Mr. & Mrs.

Lauritsen

Miss H. Lille

Bir

H. Watkin Mr Gongo Wover,

O; Wr R. Whoen

·Mr O. M. Wilson

Mr H W Wilson.

Capt. & Mrs. A. W. Mr ad Me G McKinley & child Worsoner, child Miss Dorothy Mei-

CALL

REPULSE BAY HOTEL.

May ?.

por antim. Should there be no balanco Penny or two in the price of the For the rest, it is acknowledged upon the smaller firms was bound indien long of being larger than Mr ¢*M«‹ A. W.Van M¢× d Ms B. J.

on any day in mouth nu interest will be allowed for that month,

Doponitors may Lansfer at their uption Balveo of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIX 40 DEPOSET at CURRENT RATES,

For the HONAKOND & SHANGRA

• BARKING FOXFURATION,

H. BARLOW.

Chief Manger

Hongkong, 7th January, 1925.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON."

Paid-up Capital

.£3,000,000 Reserve Fund.......................... £4,000,000 Reserve Liability of Pro-

priclors

£3,000,000

FOREIGN EXCHANGE and General Banking business transacted.

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

A. H. FERGUSON,

Manager. Hongkong, April 16, 1926.

BANQUE DE L'INDO-CHINE.

HRAD OFFICE!

96, Boulevard Haummann, Parn herriband! Capital ... Frs. 72,600,000,00 Paid-p splint

...Fr. 68,400,000.00

Fewer Fanda ... Fr. 69,667,283.54.

BRANCHES

Bankkok

Hongkong

Balimbing

Mangixe

Can

Nome

Djibouti

Hipon

I'sponte Pukleg

HZDR Hapo

Belgon Shanghai Hingapore Ti Tourno Yunnanfu

Prom-Park

Pondicherry BANKERAN

IN FRANCE Campinir Nationald' Escompli de Paris; Crails Lyannait, Banque de Paris et de Pays-Bas; Credit Industriel et Commercial

Jacinte Cenerale.

commodity, and with rubber at f 6d. per lb., and 75 to 85 per cent. restriction, the rubber-producing companies would at last reach the period of prosperity that some of us have been prophesying these klast few years. The United States. falone took 80 per cent. of the old production last month, and European demand shows welcome signs of growing.

the

FINANCIAL SAYINGS.

The business of stuesmen is to provide a solid economic basis for nur country; the whole question resolves itself into this: How are we going to reduce costs.—Mr. Wheatley, M.P.

The leaders of all three political parties have strapped on their blinkers and have decided to see nothing ahead except the gold convertibility our ultimate objective.-Mr: 1. M. Keynes.

AS

. SALT UNION. The report of the Salt Union, Ltd. for 1924 shows an improvement, the net profit being £296.509 as against £280.187, and the dividend on the ordinary shares has been increased from 10 to 124 per cent.

Too much is taken out of British The report states that the improve trade and commerce by people. ment resulted largely from ship.who gut absolutely no service into ments to overseas markets. which, them.-Mr. J. R. Clynes, M.P." however, were subjected to keen compethin, with the result, that prices have been low..especially in India. Although we impurted 15,334 tons less of German Salt last year, our total imports of foreign salt showed an increase amounting to 67,658 Loas against 52.721 in 1923 The report goes

on to say:

It is well within the knowledge of everybody acquainted with business that in a great many cases a balance-sheet, though no doubt properly certified by most eminent chartered accountants, shows very Indeed. - Sir ttle information John Simon, M.P.

;

It is a poor country that has not got one El Dorado.-Mr. Maxton, M.P.

The Salt Manufacturers' As-

The prevailing ignorance of the sociation has continued its good work. Prices have been lowered rudiments of economics is the in certain cases to meet com- for Socialism.-Mr. John Murray,

most powerful influence working petition which has become more

Capital has not been destroyed aggressive, both on the part of new manufacturers, who have by Labour; it has become in its developed works in Cheshire, most gilt-edged forin to an amazing and by shippers of Foreign Salt,extent the property of Labour as notably in respect to Solar Salt Walter Runciman, M.P.

as, the bourgeoisie,—Mr. from Spanish and other source of supply.

A. EMIL DAVIES.

LATEST COMPANY NEWS.

G

well

LUZON RUBBER.

$

Adv Z child...

Lac in

-SWISS INDUSTRIES FAIR.

Fair, which will be held at Basel. Thea National Swiss Industries

Switzerland, April 19 to 28, gives ever before. All the space in the DeW

iconbury earl Wes Ling new exhibition halls is leased, and Mr & Mr Banbury no more exhibitors are being in MIT ALLS, MC & Gand tion halls which were erected i accepted. The new exhibi-

Me oly

We'd Mrs W. W.

Чок after the fire of 1923. Are Ara&Miss Somero Mr and Mrs. J. N. modern in every respect and will Fills

Parker accommodate a much greater Mr and Mr. Fred. Mr & Mrs Sobryvor

Ellis: number of exhibitors than ever Mr. Mra & Mias A.D

Mr & Mrs W. C

Vander Steon before.

Galloway

LOCAL SHARE MARKET.

OFFICIAL

QUOTATIONS.

MAY 5 Names

10:30 AX.

Atock Excbargo

MAY 5. Sharobrokers negociation.

**ak

1/3 73-9 16.

b 1925

b. £21-1/1

H.S.B.O. T.T. on solling rata'

London

9/3 and on Shanghai

72-18 Hongkong: Bakı 19156 London—8(3) n Ohartered Bank. £lt b. Mercantile Bank A B E-1 b.

do. 0 £13.178 Bank... Erst Asia Bank ........ Marine Insuranosi Canton Insurance... Chins Cadira

P. & D..

North China Inaarsuca Union Insurance ... Yoogteza Insurance Fire Insurances

Doaglands,

H.K. Steamboats

4

b. "0 £3

2. 100

b. £UL

Mr and Ms Hicky

Lt-Jol. & Mrs G. M.

Stepheng

Mr & Mis Townssad

PRAK HOTEL.

MAY 2. "

Dr. J. W. Anderson Mr T, L. Jenkins: Mr. S.. A. arthur-Mi, O. 0. Jenkin

་

Mr & Mrs F. Austin MGS Hugh Jones Mias E..R. Baily Mr and Mrs A, 0. Dr H Boa

Kennedy

Misa G. Kennedy

Mr J. A. Barton Mr and Mrs T. G. Mr M. F. Key

Bennett

Mr and Mrs E R. Me J. W... Bonner Kili

Mr and Mrs P. W.

Blackwoll

Mr and Mrs 8. H.

Langston

Mr W. H. Bourne

Mr E.

arson

Mr M. J. Beson

Mr and Mrs G. D.

Col. &

Brown

Miss Loya

johna

1. & Mrs C.Russell Leys

Miss P. W. Brown Major A: 8. Little

Mr and Mra R. L

Bridger

MrMS Lloyd

Mr S. D. Caro1bora Mr. D. L'ord Capt. & Meg J. O Me W. K. Lösk

Carpenter

Mra #

MR. Mallar

Its I I. Cormack Mr H. A. Mil

Mr and Mrs W. A ME E. Mimosek

Cornell

Mrt O. 1. Morne

Mr and Mrs J. D..Mr and Mrs WN.

H. Murdock

Danby

Le-Col. R. A. Dob- Miss M. W. Now

2 13 a 03.

775 h. 3.15 b. 3.10.

a. 775

t des 3.20

Tio n.

1661

271 pi

120.

45 b.

45

Mr and

MrR; H. O'ark

Logniz

Chias.Fire Insurance ... Hongkong Pira Tasaraaca. Shipping

210 b.

200

Mr R, H. Cleland

Mrs J. McAlask

650 .

650

I AM.Cooper

M

હ્રદય

a: 52

30) b 391 m

b 99

Hongkong Tags and Lighter Indo-Obinna (Peat.)

4 n.

b. 4.85

33.

D.

JA

40,

(Det.)

120 %

do.

(B.E. Rog.)....

120

D. 120

Shell Transporta

Atar Ferrios

A/- b. 565

89/-

an. 964

Water-bosts...

14

17-1/4 n

3. 17

Oriental Nav. Col

IM

£50 +

n 183

C

China Sugar Malabon Sugar Mining

69

☐ 68.

b3 D

+

Gerald

2 b

Mr & Morbon

...

67-6

D17

Langkats

Camh. T'Bin

Mia M. Fordi

1. 201

Shanghal Loans

T70.

1.7

n.6.

Raube Biogle Langkata

Tlila.

2. 11-1/2

3.30

n. a

看

8/

EXPERT'S OPINION FAVOURABLE Refineries

Rubber said to have been found growing wild over large areas in Francisco and classed as a good Luzon, has been analyzed in San

IN LONDON: The National Provincizia dend, as already announced, is 5 second grade product.

Daian Bank of England, Lid. Compioir National & Example de Paris; Credit Lyonniat IN NEW YORK: J. P. Morgan & Obs. och American Banking Corporation Garanty Trust Co. of New York..

Interest allowed on Current Accounts and Fixed Deposits socording to arrangement.

Krery description of Banking and Exchang Baina noted

A. LECOT,

Manager Hongkong, Much 20, 1984,

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1890,

■:

Bapital (fully paid-up) Ten 100,000,000 Heserve Fund ...... Yen 80,500,000

Head Office: YOKOBAMA..

Branches and Agencies at:

Newchwang. New York

Batavi

Manos Ayres.

Bombay.

Calcutta.

Changchun

Baizen (Dalny).

Oanka,

Peking. Rangoon. Rio de Janeiro.

Powell Duffryn Steam Coal Company-Net proft £156,826, against £523.702. The final divi per cent, making 10 per cent., free of tax, for the year, as against 122 per cent, free of tax. The output of coal, totalling 4.949.425 tons, was the highest yet obtained, and would have been considerably more but for the depressed condition of the coal trade.

received by a local Manila business Following is the analysis man who is credited with dis covery of the extensive areas:

Water Extract..... Protein.

"ALMOST NOTHING”

THE GERMAN method,

Bengueta

Kailan Mining Adm.

S'hat Explorations. T

A

T

Tronoh Mines Ural Chap. Docks. Whaeres, Godowns, do.

.K. Wharfe

90b 201-2 (4- 120 b

F. & V. Dock

Shanghai Flongkewa Now Engineerings.- S'hai Docks Comenta

H. Kazlocerlags

Lands Kotsis & Buildlugs. R.K.& S'hat Hoteles 164 & New Hongkong Landı..

200 h. a 233 sa 202-3

$120

b 197

hịn

brinse

Mra N. C. Donald Mr W. Ogden

Mr and Mrs H. R. &. B. Pano

Edwards

-M: A. Prismail..

THE BANK OF EAST ASIA, LIMITED.

HEAD OFFICE. HONGKONG... - Authorinal Capitalcommaigl

Paklop Capital

19-820,000,000,

#5,000,000

Basers Find.... 1,000,000.

DIRECTORS:

Fang Ping Sham

Mok Ching Kong

Hon. Mr. Chor

Bhog Son-Chairma

Li Koon (has

P. K. Kyok

Ng Ching-Lak

Pang, Wil Ting

Wong Yan Ton

Harah Tal

Kan Ying Po

Chan Chlüg Shek

Every description of Ranking and Exchange basine traansted. Lows granted, "on", (approved" kovuritius.

"SAFE DEPOSIT BOXES to lol.

KAN TONG PO

Chint Manager.

Hongkong, 18th February, 1925.

NEDERLANDSCHE HANDEL --

MAATSCHAPPIJ.

3:

(Kondolandi Tmazing Voorner) ·

BARLIKH 1894 Humakers Braxon Esrantama 1908,

Authorised Qaalta: 17. 150,000,000 (£12,500,80 Pald-Up Capitat.... 80,000,000 £3,666,878 Reserve Fund G. 20,045,089 2.1,870,418 Special Reserves.... 23,880,000 £ 1,888,

HEAD OFFICE:-Amsterdam, EASTERN HEAD OFFICE-Batavia,

BRANCHES

|Bandjermazio Bandovnx

Calcutts

Djokjakarta

Ka Raja

Padang

∙Penang

Rotterdam

Singapore

Tegui

Bombay Cheribon Deraber The Hague Kobe

MAKA

Mudan

Palembang Pocalongan Pontianak - Rangoon Samarang

Boerabaja

Shanghai:

Soerakaria (Bele Tiljap Weltevreden LONDON BANKERS –

· National Provincial Bank Ltd. Correpondents all over the world,

BANKING BUSINESS OF KYERY

DESCRIPTION.

W, FL. GROSKAMP,

Agent

Hongkong, November 4, 1994,

司公理管業實法中"

SOCIETE FRANCAISE DE GERANCE

·DE LA BANQUE INDUSTRIELLE. DE UHINE.

..

PTABLISSEMENT FRANCO

OHINOIS.

(Incorporated in France),

F, Chater Road, Victoria, Hongko HEAD OFFICE: 74, Rue St, Landlik-

Parla

Subscribed Capital fully

pald-up Réserve Fund

Frs. 10,000. Fra. 10,80*****

Working fund provided by THE BANQUE INDUSTRIELIE DE CHINE.

Fra. 50,000,000.

BANKERS:

Generale, Nationale de Credit. Banque Paris et des Pays-Bas

Paris: Societa

London: Midland Bank, Ltd. New York: Irving Bank Columbla Sagl

Co.

Evary, description of Banking 10 Exchange Business transacted. Uorni pondents throughout the world.

M. FITZ-HENET

Manager.

10th November, 1924.

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

Incorporated by Special Imperial -

Charter, 1899,

Mr and Mrs W. A.Mr and Mrs . . Capital Subscribed

Bastnos

Remington

Mr Farrell Mr. Ritako

·

Lt. Col FG Fix Mr & Mrcl»G Ranti

Mr. Skalija

Mr D. FitzGerald Mey & His GUE

Stubings

Maand in EE. L. Mr R. J. W. Foster Bradoo

Mian G. Fothergill Me O. P Stardoo and Mrs F. P. Mr J. A. Tarrent Franklin

Mr J. S. Thomson Lt. E. C. Froderlok Mrales 0. Thwaites Me and Mrs W. D. Miss Thwaites

Mr. A. W. Tickle

Goodfellow

Mr and Mrs Deo. W. Lt. Col. and Mrs B,

Gray

Trevelyan alkoc

Me and Mrs B. A Capt sad Mes £

Halo

Mias M. B. Hall

MJ. 8. fawker

My W. J. Hawker

Capt. R. V. Walker Mr. H. Weller Lt a J 1. Whyts

Mr G. M Hum-Miss U. Willmott

Me end Mr I. J.

Woud

worth

LL Comdr...P

Hola

T200 a.

Tsi n

T128 b

6. & a 15:40.

-93-713-8

51 An

Me H. Howell

4.81 b.

b. 4.85

b. 10-1;

L

160 m. 31..

a. 150

B. S

10

F. Resity Famohreya Estato Kowloon Lands Princas Ballding... H.K. Territoriais... Rural Lands... Optton Mills.

4

Eva Catton Mills, Ltd... T 11,40 b. Kang Yike

Yangiszepood. TH

8.3%

32 Kang Mow!

99

Orinatal.

7.1% 1.4%

Shanghai Cotton ...

T. 3,80 b T 57 No TJ n.

MiscsilausoUN,

Csmoats 26 Coments "Combined

***

***

11 a. New In.

29-1j2 b

-it n

China Lights (Old)

do (New) 13 n. Comb 27 n

ample shows it to be high in resin. A chemical analysis of this and water soluble material. It can be classed as a good second grade Employers' Liability Assurance rubber and would be interesting at Company-Total premiums for a price of a second grade rubber, 1924 £5,027,570, an increase of It is similar in quality to Congo £5.467. After providing for all (Red Upper) which is obtained krown losses and reserving 40 per from Landolphia vines and which cent of the premium for unexpired is a valuable rubber for use in risks, there is a profit on the general frictions or in compounds where a account of £74,230, against a loss in soft rubber is desired. Very little : the previous year of £227,082. Red Congo is imported when the That loss was due to the in-price of rubber is low, which in adequacy of rates for workmen's (dicates that it cannot be collected compensation business in the economically. United States," The revision of rates and the prospect of further Moisture.... revision make the profits for 1925 Acetone Extract even more favourable than 1924. Ash.... The dividend la again 80 per cent National Bank of Egypt.-Final dividend II per cent, making 15 per cent. for the year; the same.

Nedeem Tea Company. Second interim dividend of 10 per cent, against 7 per cent, last year.

American Investmeat and Germany's recent import and General Trust.-Half-year's divi-export lista rayoal the fact that dend on the Deferred stock at the since the conclusion of the trads rate of 18 per cent., making.12 per agreement between Germany and cent. for the year.

Great Britain, the quantity of Tantia, Hagmall

Davis and Timmins, Ltd.-Divi- finished goods exported by Eng Мирота

dend 8 per cent and bonus of 17 land to Germany has dwindled Internet allowed on Current Accounts, per cent, free of tax; the same.

away to almost nothing. 20/Deposits received for fixed periods at

It appears that trade in British Coliseum Group of Theatres. manufactured goods is now being Bien to be obtained on application.

Final dividends for this group are systematically strangled under the G. ARIMA,

announced, maintaining last year's German licensing system. Thus, Manager. Hongkong, 11th March, 1926.

totals in all cases, An interim of the German merchant, anxious to last time, is announced by the Man-obliged, before placing the orderintosh 334 per cent, against 2 per cent. Import English flafshed goods is chester Hippodrome and Ardwick to obtain permission from the Empire, Ltd.

German Central Trade Permit John Barker and Co-Record net Office.JANAN profit, £444,635, which compares Since the conclusion of the with £402,428 in previous year.Treaty, it has becoma Increasingly Dividend is again 20 per cent, and difficult to get such permits, after various allocations the carry though there is an ozger domande forward is £165,746, against a nong the public for British mano- £211,780

factures, especially textiles.

Famburg,

Partien (Malen). Saigon.

San Francisco. Seattle. Shanghal

Hankow.

Harbin

Monoinin

Ind Yuen.

Iobe.

London.

Los Angeles,

BJORN

Svarábayz;

Bhimonoaci Singapore.

Sydney. Tientsin.

Tainantu.

Tokyo.

Tsingtat Vladivostock,

FINE JEWELLERY.

Bagagement, Keopar, & Wedding Rings

A SPECIALTYJA

All of highest grade in the Colony.

-WINDSOR, BROS.

Ho, se Nathan Road, Kowloom.

TA. X. 509,

China Providente 16. Now 14.10 n. HK, Davelopmenta

Providents Combined

Dairy Farm...

B.K. Electrics Masso do

b. 50 Cent

'b tit

■ 3.90

B. 60 Fav 35 m.

(b, 31 New 7.8

(Comb. b 29 sa 20

b. 24

(Maw b. XI) sa 21 Comba 28.80.67

a 18 Now a 14

6.70 Cats

Comb. a 48-1/

27

87 32 83

49 D 281 b.

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Mr L. . F Young

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death of William Mcd

millionaire orphan,” who ruled un mysterious circumstances nevara muntha, ago, was wrecked, by a bomb The explosion, took place after Clod had, received several mysterious tak phone calle regarding his part in the

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Capital (Paid-up) Beserve Fund

....Te 60.06.

Yen 5,50%**** Yen 12,088,ous

HEAD OFFICE: TAIPER, FORMOSA.

BRANCHES:

JAPAN-Tokyo, Yokohams,

Danka, Moji

FORNOBAGiran, Kagi,

Xarma

Leelung, Makung, Nante, Flas shinchiku, Taichu, Tainan, Tabeth Tamsul, Tehyon, Ako.

CHINA,Shanghal, Hankow, Kiukle

Amoy, Foochow, Swatow, Cam OTHERS Bangkok, Hongkong, Big

Soerabaya,

Samar

pore,

Batavia, Bombay, London, Weg York.

LONDON BANKERS: London County Westminster and Parr's Bank

The Bank hủ Correspondents in the Commarol- Centres in the Karopian Contrank, Bastia, Man churia Talogtao, Japan, Indo-China, Slaw, India Phlippine Isinorte, Jayp, and Daten Indian, Asse Talla, America. Aftion, de *Interest Allowed on Current Account, and Pimed Deposit rate which will be quoted on appli

- Z YAMAMOTS, Masingan,

tio

HONGYONG BRANCH,

1, Des You Road Central,

Hongkong, 5th June, 1924.

THE BANK OF CHINA.

行銀眾,

(Epecially Authorised by Prasidenciag

Mandate of the Republic of China on the 2nd of November, 1914).

Kuiborleed Captial minoć $50,009,200) Fast-ap Capital

318, TIL ØRE

HEAD OFFICER: PALING.

- MONGKONG BRANCH, QUEEN'S ROAD CENTRAL

- Branches and Bub-branches all wre China and Correspondents in Boys Amerlin, and other parts of the world London Maskers:-The National Parvia

wiki and Union Bank of England, M The Guaranty Trust Company of Hel

New York Bankare:--- Ike