1925-05-23 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION,

HEAD OFFICE: HONGKONG. AUTHORISED CAPITAL .......... $50,000,UET ISSUED AND FULLY PAID UP $20,000,000 BrчERVX TUNDA

STERLING... £ 4,300,000 SILTER... $4,500,000

BESERVE LIABILITY OP

PROPRIETORS...

800,000,000

COURT OF DIRECTORS:

COMMERCE AND FINANCE.

COAL..

THE RÜHR'S UNSOLD STOCKS.

to

The world-wide crisis in the coal industry, represented by a world production

1924 slightly below the 1913 aggregate despite increased productivity in certain countries, has seriously affected G. M. Young, Fan-Chairman. the Ruhr mining industry for a H. P. Whito, Esq.-Deputy Chairmant

year past. There is now a large "W, H. Bell, Fig. Hon. Mr. 1.9% Langi D. G. M., They W. Halledon, Rasurplus of coal in Germany in

14. Plummer, Eq.

contrast with the deficiency during as, Pamplony Mariju

the years of Inflation, and there "Hon. Mr.J.11, Hátrak,T. C. Well, Esq.

are over eight million tons of coal lying unsold at the pit-heads in the Rubr. Fifty-eight per cent of consist of superior quality hard coal, 40 per cent of close-burning coal and smith coal, and 2 per cent of coke and 'briquettes.

CHIEF MANAGER :

13

A. H. BARLOW, Esq. Hannger: Shanghai-C. II. STITT, Esthe "stocks

LONDON BANKERS. Westminster Banks, Ltd.

X

CURRENT ACCOUNTS opened In "FIXED LOCAL CURRENCY and DEPOSITS received for one year or shorter pertatis in Local Currency and Sterling on torins which will be quoted

application.

Hongkong, May 20, 1345.

SOAP

LEVER BROTHERS' PROFITS.

THE CHINA MAIL.

INHERITANCE TAX.

FAYMENT OF LEVIES RECOMMENDED.

the

The process of the "collection of interitance taxes would thus be simplified and relieve many tax- payers of unnecessary burdens in connection with the payment of the tax, particularly where the inherited property lies in a num her of different states, Mra Strong declares.

President Coolidge has men- tioned the advisability of the re- peal of the federal inheri-

tax tance

law which

$41

EXCHANGH.

Hongkong tind May! 1925." London

· Bank,... · Wires

W? On demandes ....! M8/T15/16,

4 months' sinkė ...13-1. Credits & months? sight .....3/4-l Documentary, 4 months right. 3/5-

Ou Pari

On demand...

Credits, 4 months sight. 1100 On demand Un New York-

Celostia- Wire

Под

SATURDAY,*

VISITORS AT HOTELE

HONGKONG HOTEL.

Mr. Axelrood Mr FW. Barnes Mr N. Boele

May 2001

Mr. H. Leeds. Mr J. B. Ll for

Mr A Liuxbird

Beghen Mr and Mrs. Mr C. Lioncargar

Miss E. Lillle

Mrs. R. Bellion Mr G. N. de Man Mr. V. Benjamin Mr R. Moss.be

Mr and Mrs W, J. Capt. Be thou Monger & children Mr D.Z. M Bor

Mr. O. H. Morigua

0 W. Milligen

Mr RJ. Bir back

Mr 8. B. C. Boys Mr J. Morton

Hi W.G, frigh

Mr

Ms. D. Capplemans Bins IL. B. Mas

Ms. J. H. Cook

grave

Mr P. W. Dotson MrR Nicholson

Mr F. J. Crawford Mr B. H. O'Farrel}

Miss Loulon Dailly Mr Oliver

-On demand

***

On demand

Cradita, 60 days' sight ... 86 Op Bombay.

Wire

回答

On

ww

."

58.

Mr J. D. Deckin

Mr and

1081

1 BOD

On demande On Singaporr- On domard Ca Manila-

Op demand.c Op Bhaaghal—

On demand.n

i l

10 days' sight (privalė paper) On Tokohem On demand

1981 Gold Leal, 100 fine (per twel) 47.40: Sovereigna (Bank's buying rate) 8.68 Bilver (poros) to p 31/18

11

J

10:

-Canton - coins....

5.

TH

bed

Washington, April 20--Elimi-,,us 20 days sight.a hation of state inheritance taxes The report for 1924 of Lever by the payment of such tax to the Brothers, who, in addition to carry Federal Government which in tag on the business of soap manu-turn would rebate to the indivi- facturers at Fort Sunlight, hold, dual state its share is proposed by either directly or indirectly, in James G. Strong (R.) Represen- iative from Kansas, member of terests in over 200 associated com- panies, shows an. even larger the Banking and Currency Com- dis. amount available than that for 1923. mittee, who has recently The figure is arrived at, it should cussed the proposal with Andrew be stated, after providing for reW. Mellon, Secretary of pairs, renewals and alterations, Treasury. depreciation, and insurance: The 1922 figure showed an expansion of virtually £600,000 compared with 1921: A year ago a further advance of over £400,000 was reported, and it has now risen

about again by

£400,000 to As from April 1 prices for close-£5,476,167. A dividend of 10 per burning and smithy coal have cent is once more paid on the been reduced below cost of pro-ordinary shares, which are private, duction; the collieries hope to ly held, and the usual allocation of reduce the ratio of working £250,000 is made to the reserve, expenses by forcing sales. In the the balance carried forward being course of last year the Rubr collie a little over £2,000 lower at £55.312. ries gradually reduced prices until:

The report states that "pursuant leave the collection of these these at the pit-head are in some to the statement-made in the direct taxes entire to the states.. Mr.

Strong realizes that this would pre-Bar Silver in Hongkong cases below English f.o.b. prices. tors' report to the shareholders on

In 1924, the total imports of the balance-sheet for the year end- cipitate a controversy in Congress Chinese Copper Cash

the and believes that there is consider Chinees Copper Conta British coal Into Germany were ed December

Chinese Bab. Coin 324,071 tons, or eight million tons directors have included in the able doubt about the possibility of Rate of Native Interest less than in 1923, and two millions items set against the reserve fund such a repeat or 24 per cent less than in 1913 certain war tosses suffered by

Hongkong Suh Cain. Before the war, however. German associated companies and now de Under the cox exports exceeded imports by Baitely ascertained. thirty million tons, or 433 million Peace Treaty, claima in on the lowust belang during each com

This credit item in the respect marks.

of these losses." could platori londr Month at 34 per cent. per annum. Should there be in stanca German balance of foreign pay-

not be pursued against former on say day in a month interest willments have disappeared, mainly enemies, and the only remedy through the unpaid reparation dewas through the British Govern- These deliveries, how ment, but the amount awarded liveries. ever, have also fallen heavily; the

hrough the British Government deliveries fell has proved totally inadequate to reparation cake from, 61⁄2 million tons in 1922 to meet the claims." Accordingly 334 million in 1924 Consequently they have deducted from the the Ruthe collieries are finding reserve fund of £779,048 the sum great difficuity in selling their of £607,606 "for war and other coke, especially in view of the losses" before December 31, 1923. considerably increased compeil-The reserve consequently fell to tion of gas coke

£171,442, that sum, however," not including the amount added from the profits of the past year. results for the past three years are shown in the following table :--

1924. 1923 1922.

HONGKONG SAVINGS BANK.

business of the above Bank currileted by the HONGKONG # AND SHANGHAT BANKING COR

PORATION. Knies may he shtuned

ou aplication

"INTEREST of deponite ja alulated

by allowed for that month.

Depositors may transfer at their option Balneo of $100 or more so the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT &t

CURRENT RATES:

For the Horenost, & Sason

HASKINI ConTORATION,

A. H. BARLOW,

Chief Manager. Hongkong 7th January, 1925.

Ruhr coal is also suffering from the competition of coal from Polish THE CHARTERED BANK OF Upper Silesia, which is guaranteed free market In Germany until INDIA, AUSTRALIA & CHINA.[June 14 next. Finally, the industry

INCORPORATED BY ROYAL. CHARTER, 1853.

HEAD OFFICE: LONDON."

Paid-up Capital

£3.600,000 Reserve Fund...... .£1,000,000 Reserve Liability of Prus

prietors

· £1,000,000-

FOREIGN EXCHANGE and General

-Banking-business-traminetetle

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for year or shorter period at rate which will be

moted on application.

31, 1914,

£

£

The

is in the throes of wage troubles. The demand of the miners for available 4,474,107 0,071,078 4,625,018 wage increase has been upheld by pro div. 1,905,340 1,686,720 1,853,807 the court of arbitration, but has p, put, div. 1,239,670 1,238,788 1,238,01 been refused for the present by 20 p pf, or die 750,001 660,750. 300,000

De A ditto... the employers on the plea that the industry cannot stand it.

Amid these troubles the discus» sions concerning the continuation and development of the Ruhr Coal Syndicate-have-presented excep. tional difficulty. For a year past there have been controversies over- quotas and old-standing contracts and the consumption of the mixed colliery and mining companies, but the real cause of the differences is the market difficulty. Every mensber ol the Syndicate. is BANQUE DE L'INDO-CHINE.naturally trying to strengthen bis

A. PERGUSON.

Manager. Hongkong, April 15, 1925.

HEAD OFFICE:

96, Boulevard Haussamn, Päris. Bubscribed Capital. Frs. 12,000,000.00 Paid-Up Capital.... Fir. 69,400,000.00 | Reserve Fund... Prs. 54,667,283.51 BRANCHES! Hong kony

Wako

ØKOMAND

Dibenti

Neagr

Soupes

Papooh

Estprod

Paling

Exa Hanoi

Pro-Pa

Baciete Generale.

Pondicherry BANKERS:

sigon Shanghat

Sinvapora

Timmiein TJ708

Yannonfu

IN FRANCH: Comptoir Nation al d'Escompte de Paris; Credit Lyonnali; Bargua de Park et lap Pays-Bas; Credit Industrial et Commercial IN LONDON: The Netional Provincial & Union Bank of England, Lid.; Comptoir Nacional d'Escompte de Paris Credit Lyonnais IN NEW YORK J. P. Morgan & Co. ench American Banking Corporation: inty Trust Co. of New York,

A

faterest allowed on Our Actonia and

Mixed Deposits mocording to strangement.

My description of Banking and Richa 2as 'neni tranzacted

A. LECOT,

Manager. Hongkong, March 20, 1924.

THE YOKOHAMA SPECIE

BANK, LTD.

Kstablished 1880.

Capital (full paid-up).. Yen 100,000,000 Yen 30,500,000

Reserve Fund

Head Ofen-YOKOHAMA,

'Branches and Agencies at:

Batavia.

Membay. Buenos Ayres,

Calcatta. Changchun. Dairon (Dalny). Wongtian (Mulden).

Hamburg. Hankow. Hazbin. Fonclulu.

Kai Yuen.

Kobe.

London

Los Angeles.

Lyons:

Manila Nagasaki.

Newchwang. New York. Quaka. Peicing. Rangoon Rio de Janeiro, Saigon.

Ban Francisco. Seattle. Shanghai.

Shimonoseki. Singapore.

Socrabaya.

Sydney.

Tientsin: Tokyo. Tainanfur

Tsingtau Vladivostock.

Interest allowed en Current Accounts. Deposits received:for fixemorlods at zales to be obtained-on, applicatio

CĂ. C. ARIMA,

Manager. Hongkong, 11th March, 1925,

own position in the ultimate internal struggle for existence, which is regarded as inevitably approaching.

|

De B ditto....

―

70,108

000,000 Be0,000 100.00+1 50,507 05.107 52,400 p.a. pf. or, div.

47,643 8 pc. pl. or, elle.

70,107 219,680 197,427 · 190,470 Co-partners do.

240,000 Ord. shin rest ........

240,000 233,918 10. De par cest...

jo. 10 Rostre hund 250,000-200,000

$7,893 Oarried forward 55,712

The amount available for 1921. was £4,035,515, and for that year also the holders of the ordinary shares received, 10 per cent. The balance sheet shows the issued capital to be £56,627,546, against

is depreciation account

51.475,363 the previous year. The £1,920145, against £1.751.257 last year, while creditors figure, at £846,964, against £764,342 a year

ago.

BETTER RESULTS.

MAPPIN AND WEBB'S POSITION.

SUBSIDIARY OSTER. would Hongkong 50 centa sub1%dle

1%, dis

3112, D... 10 pz. 10% pm. 6 pm.

31% dis

Zdia

he said. It is the fairest tax paid. "I believe in Inheritance taxes: An inheritance comes to the bene fictary because of the protection of Government and therefore a tax should be paid. As the matter stands now, if a state does not levy an inheritance tax, it forms an opportunity for tax dodgers to acquire property there. My pro- posal would give widows and those dependent upon the deceased the privilege of making one settlement with the government agency. It would get rid of much expensive

administration."

Mrs G. I. Davis Mr J. E. Ollerton

Mr & Mr. Paltridge Mr W. F.Migos R.. F. Pal

ridge Deguis

Mr.. C. W. O. Van Mr and Mrs R... J.-

Domist

Parscr

O.-Edales Mr B. iegler

Mr H. O. Eckhardt Mr. W.B. Perchardt Mr. J. W. Fookes Mr R. H. Pope Mr and Mrs A.B.A.Mr Tanc Poppo

Foo

Mr MR. Fort. Mr and Mrs P.D.G.Mr B. R, Fuerder

Gain

Mr W. Hotel thal Mr Clayton Gallop Mr Alex Rosa Dr. D. it. Sawler Mr. A. H. Rate M&E. J. Goids

ch IFA. Suven Mr. & Mrs. J. Gould Mir, Josaph datasky

dr&MrW.Robofold Mis A. L. Grima

Mr and Mrs W. &. Mr Roters Bhaw

Mr. & Ms A. Di

Mr. A. F. Henry

117% out Capt. T. P. Hai

Mr. Strong cited the case of a woman who employed a lawyer, who was obliged to employ other lawyers in II different states. Such conditions, he declared, tangled up beneficiaries, often with out experience in business matters, in a maze of litigation. Mr. Strong expects to introduce a bill in Con gress next winter embodying his ideas on this subject.

LOCAL SHARE MARKET.

QUOTATIONS.

OFFICIAL

-10.30 A.M.

MAY 2.

Names

Stock Exchange

Hank

H.A.B.C. T.T: on set intə

London

P. O. Dank

140

MAY 32, Sharabrokeri' Association. Bank.

***

50,000. 66,370

do

с

and on Shanghai Hongkong Banks 1290 1100 Obartered Bank

£114 Marcantile Bank A-1/2 h. "

11-1/8 1

£118.8. 87; n

73-1.1

**** 72-1/2

Lontion -£140 k

n 1300

b.

231-1

b. "A"

50 RIB

b. Bu

. 100

b. 40

3.HOLFO EN.

4. 2003 bi hub.

23.0 sm.50-3.80

b 3:0 Sca b. 48

$10 b.

t 200

879 b

b. 670

a. 55

3H A

6:38

n. 4-12

Indo Chions (Prof.)

39 n.

n. 38

do. Eth

(Def.)

(B.B. Rez.!

18

n.

-831+

· Ba- 831

17-1/4 n

n 17

20% 0.

AD-BT BR

b 80-1/

now

The Ruhr Coal Syr dicate,' was set ng compulsorily by a decree of the Minister of Economic Affairs at the beginning of 1924, and fresh pressure from the Ministry is now feared. Consequently every effort is being made to find a basis of agreement. E ch works will be allocated separate quotas for home.

A partial recovery from the poor Foreign and foreign business. contracts will be offered to parti-results achieved in 1923 by Mappin cular collieries, but without com- and Webb is disclosed by the_re- pulsion to accept them. If they port for 1924, Dow issued. The are declined owing to low, prices gross profit is £72.326, against they will be written off against the £23.817 in 1923 and £34,964 in 1922, firm's quota as if accepted.

while, after providing for taxation, Efforts are also being made to depreciation, and debenture of secure special tariffs from the interest, there remains this year a Federal Railways for the transport net profit of £32,364, against a net loss of £19,869 a year previously. of Ruhr coal in Germany, and especially to the coast, in the hope This improvement is ascribed.in of better meeting foreign, and the report to economies effected in especially British, competition in every direction and rearrangement made in the working of the busi- North Germany.

ness, for it is stated that the volume of trade has reinained about the

GERMAN.. BONDS.

same.

In view of the weight of the liabilities the directions find. It impossible to recommend the pay. ment of any dividend for the present, and they are carrying

The plan for revaluation of cer tain classes of German govern- mental bonds at a value equal in gold to 5 per cent. of the old par value may set a precedent for

forward the amount of the year's revaluation in other countries, as profit plus the balance from 1923, in Hungary or in Austria, of pre-in all £38,252. When the amount war obligations now greatly re-lowing to creditors has been further duced in value by paper currency reduced the present balance. depreciation, according to the New sheet shows "sundry creditors" at York Trust Company.

£194.954 against £370,631 at the In effect the federal, state and end of 1923—the directors propose municipal governments in Ger- to submit a scheme for dealing with many are assuming an actual the arrears of preference dividend obligation of about $250,000,000, (unpaid since June 30, 1922), and carrying 5 per cent, and payable the rearrangement of the share in 40 annual instalments, while capital. recognizing an additional obliga-

tion of approximately $825,000,000 THE MERCANTILE BANK

carrying no interest and payable

only after reparation payments have ceased.

DO YOU EVER FEEL THIS WAY?

Do you get up in the moming feeling dismal and cheap" Do you feel cull, despondent and inefficient, diantisfied. with your+lf and at loggerheads with everything and everybody else? If so, most likely your liver is to blame. Your Algoalive apparatus has got out of run ning order. You need" w littlesdóss Pinkestor to bet matiere right. "Pinkerton

INDIA, LTD.

READ OFFICE:

16. Genonchurch Burnet, Londen, 10.1

Authorised Capital

Subscribed Capital Pakl-up Capital

Reserve Fund

East Asia Plank... Marine IneKESKOEN Canton Insurance... Chips Undice North China Inkaries Union Insurance ..... Yangtose Itaurance Fire Insurances

China Fire Insura.... Hongkong Fire Tasurere.. shipping

Douglasen

H.K, Stemboats

Hongkong Tugn and gri

Shell Transporte

Star Forrien Wator-boats... Oriental Nav. Co.

Refineries...

Mining

2. Sti

China Sugar *** Malabon Sugar

Bengvols Kailan Mining Adm. Langkate

Shanghai Luane

***

100 h. _1%). T48>]*}

Tab

57

b. 16

Single Langhate

8'hai Exploration. The b

Tizi b

b. "bisa 6.10

Tronoh Mines

: n

8

Pleas

Ural Casp.

Books Wharves, Godowns, &c.

H. & K. Wharts

B. & W. Dook Shanghal Rongkawa Naw Raglaneringa....... S'hai Docks

Bengkong

Amusementa

305-1/2 B

113 118-114} {8°

THE

T13 b

10 b

H. K. Engineering Lands, B Hotels & Boldings. B.E. Bhai Botels 14) as. & sa New- Hongkong Lands..

B.E. Realty. Humphreys Hetatte Kowloon Ladde Princes Boldier H.K. Territoria}F... Rural Lands.. Cotton Milla.

Ewo Cetion Mi Kang Tike Lagu Kang Mo Oriental- Shangbal Cotten in Taugieres com... Wisɗallásroun-

Oyenti Comente "Combined Chins Tights (D do (New) 15

194

116 115-116

D. 1

68.-34 PM

42.5 50-1/2 n

10 n

1. 160

*

J.

·B 8+ EX

10 a,

T 11,20. b

b 111

3. 3:00. m.

415. Gew In.

fx. 19-12 New ».. D (Comb, -b 28-1/1

V

22/021-33

to Cents

235.b.

5. s 10 Con Camba 48-1/

Chias Provident des in

H.K. Developro

OF

Providents Dona

Dalry

H.H. Electri

Macao do

Hongkong and att

Hongkong Resort in New tugin

£8,000,000.

Корен

Comme

$1,800,000

1,050,000 1,300,000

Tha Bankni Boglapó ke Midland. Bank; LAði

Hoogkook Post Tramway C

Wa. Fámolle.

Lane Crawforda, Canton Teen and *LK. Constin

Nanyang Tobac

431

b.17615 May 10)

A

Hamilton

1925

THE BANK OF EAST ASIA.

HEAD OFFICER HONGKONG.

Authorised Capitalul Falid-up Capital

Reserve Fund.

DIRECTORS,

Hon. Mr. Chow Show Son-Chairman. Fang Ping Shan Mok Ching Kong

Li Koon than

P. K. Kwok

Ng Ching Luk

Wong Yun Tong Hayah Tai

Kan Ying: Po

Fong Wai Ting Chan Ching Sher Every description of Banking and Exchange business transacted. Load granted on approved securities.

SAFE DEPOSIT BOXES to le KAN. TONG FO,

Chief Manager.

Hongkong, 16th February, 1985,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)

ESTABLISHED 1894.

Homokong Branów Estaxtannis, 1908

| Authorisodio aplink 9,280,000,000 233 500,000 Pad-Up Laplin... 6,000,000 866,67 Reverte Fand 20,045,0.2) 470,419 Special Emertoi..., 22,600,000 £1,989,820

HEAD OFFICE:-Amsterdam EACTERS HEAD OFFICH :-) stavim. BRANCHES-

|

90s & Infant

Capt. L. Siqulland

Bandals Colettta 2

Ha

Charlbor

Bim 1j-mler

Т Елкие

Kon

Kota Bata Padang

Міся

Mach

mbuk

PRON

Pontianak

Batteriss

Samara

Alagapore

Foeraum

Mi F.M.T. Sgge Dokkeris

· Mr 8.8»livor My. G. A. Harriman Dr. H. F. Sommons. Mise Marria Mrs Beparis- Mr and Mr. A. W. Mr 1. Strahan

Hogan

Mr And Mr L. A.. Mx..CE. Holmes Tobias

Mr Todd Mr A. K. Jensen

Mr J. H. JohnstonaMr H. Waitin

Mr. B. Jones Mr A. Wilhams Mr J... Joseph Mr J. Willed Mr and Mr. F.

R linedineb

Mr. & Mrs.

, Lauritaam

A.Mr Bannell Woug

Mr And Mre G

Wo secer & child

REPULSH BAY HOTRE..

May 91.

Mr & Mrs A. W.Van My ad Mrs B.J

Adal & shild Lacon

Dr W. F. Actanburg Mr E. W. Latis

Mr and Mrs A.F.A.Mr & Mr E. Lund

Carleton

Mra W. W. Meek

Mr Corley

Hurray

Hrs and Hits. 8.Mr J Otis

Mr and dis J. N.

L

Mr

& Mrs. D Gal Parker laway & daughter Mr Mr. Godzon

Итт

Schryve

Bir W. G Simpson. Mr and Mrs Charter Vra S. Simpson

Haworth

Mr. & Mr W.C Mr and Mrs M Y. Vander Sleep Ber lichield &chld Mr & Mrs Townend Mr and Mrs Bicts Mr Ian Chao Wan

Mr M. F. Wilcon

PEAK HOTEL

-May-15evio

Dr J. W. Anderson Misa G. Kennedy

Mr 8. A. Arthur Mr M. E. Kov

Mr & Mrs F. AustinMrs L. E. *es Miss E. R. Bally Mr and Mrs E. E Dr H. BaleaTI

Mr J. A. Burton

Mr and Mrs T. G.

Banrett

Mr. and Mre P. W.

Blackwell

Mr W. H. Bourne

Mr M. J. Breen

KW

Mr and Mrs 8. H.

Langston

Mfr K. Larsen

Trilatin

Pecali gan Rango.

Skogha

Boerakart (Solo)

W» tevreden.

LONDON BANKERS:-

National Provincial Bunk. Ltd. Correspondents all over the world.

BANKING BUSINESS OF EVERY, DESCRIPTION.

M.. J. HERBSCHLEB,

'Agent.

Hongkong, November 4, 1924.

司公理管業實料*

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE

DE CHINES

ETABLISSEMENT FRANCO CHINOIS.

(Incorporated in France).

5. Chater Road, Victorin, Hongkong.

HEAD OFFICE: 74, Rue St. Lazaro, Parla.

Subscribed Capital fully

paid-up Reserve Fund

Frs, 10,000,000 Frs, 10,790,000.

Working fund provided by THE BANQUE INDUSTRIELLE

DE CHINE..

Frs, 60,000,000,

BANKERS:

Paria: Sociale Generale,

Banque

Nationale Credit. Banque de Paris at des Pays-Bas,

London: Midland Bank, Ltd.

New York Irving Bank Columbia Trure

Co.

Every "description of Banking and

Mr and Mr G. D. Exchange Business transacted. Corre

spondents throughout the world. Lega

Misa Leye

Major á: 2. Little-

Miss P. W. Brown Johns

Mr and Mrs R. L. Mr. M. 5 Lloyd

Bridger

Mr J. D. Ligyd

Mr BD, Carothera Mr and Mrs W.

Capt & Mrs J. O.

Carpenter

Mr. H. Clark Mr B,B. Cleland Mia M.Coope

MTB I. H. Cormack Mr and Mre W.

Comell

Mr and Mrs J. D.

Danby Lt. Col. R. A. Dab.

bin

Mr N. 0. Donald Mr and Mrs H. R.

Edwards

Logan

Mrs J. Mesingh.. Mr R. Mellar Mr J. F. Miller Mr H. A. Millie Mr E..E.. Mr. and Mrs Kragh-Mos

Mimmack

J

Capt. B. A. F. Mon

teuere

Mrs C. I. Morse Mr and Mrs W. N.

H. Murdock Miss E. Mardock Miss M. W. News

Mr and Mrs W. A holme

Kastroe

Mr R. Farrall

Mr W. Ogden

Me A. B. Fenn

Lt. Col. 8. G. Fitz-Mr A. Prismail

Gerald

Mr B. R. Bemington Mr D. FitzGerald Me A Ritche Mr A Forbes Mr & Mr. Scott Miss M. Farber Mr W. R. Eelffeit Mr R. J. W. Faster Mr R. . Skelton Mr and Mrs F. P. Mrs & uim G. E

Franklin-

Stabbings

Lt. C. Frederick Mr and Mrs E, P. L Hand Hra H. R. Sturdee

Glen

Mr O. P. Stuides Mr W. D.Goodfellow Mr G.J. Tarant Mr B. A. HALE Mr. J. 8. Thumsson. Misa M. B. Hal. Mr. and Mrs Mr J. B. Hawker Thrai 13

M. FITZ-HENRY.

Manager Hongkong, 18th February, 1925.

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

Incorporated by Special Imperial Charter, 1899.

Capital Subscribed

Capital (Paid-up) Reserve Fund

Yen 60,000,000

Yen 52,500,000. Yen 12,980,000

HEAD OFFICE:

TAIPEH, FORMOSA.

BRANCHES:

JAPAN-Tokyo, Yokohama,

.

Osaka, Maji.

Koba

FORMOSA Girar, Kagi, Karenko,

Keelung, Makung, Nanto, Pinan, Shinchiku, Taichu, Tainan, Takow, Tamsui, Tohyen, Ako.

CHINA-Shanghai, Hankow, Kiukiang,

Amoy, Fooshow, Swatow, Canton OTHERS. Bangkok, Hongkong, Singa--

pore, Suerabaya, Samarang, Batavia, Bombay, London, New York.

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

The Bank has Cherespondente in the Caninazotaj" Centres in Law European Consinante. Shaun Mingu, eburts Tangtao, Jujan, Indo-Ctilem, Bian, India, Philippine filmatta, diva, and Demi. India. Aut ER, AYYea, astian, dro,

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Mr W. J. Hawker Mr. ichlo Mr G. M. Hems.Lt. Col. and Mrs H.

worth

Trevelyan Lt. Conde. G. F Mr L. D. Turner

Bolo

Capt and Bra 2. Mr H. Howell

Waller' Mr T. 1. Jenkins Mr EL R. Weller Min 0, 0 Jenkin Et. A.J. L. Whyte Mr T. A. Johnson Miss C. Wilmet Mr G. 8.High Jones Mr and Mrs Y. J. Mr and Ersa, D. Wood

Kennedy

Mr L. H. F. Young

An officer, giving a lecture to his men, said that if & soldier happened

Inturous allowed an Durrant &odono a, kao Vizad Deponite at rates which will be quotaa as applies

Z. YAMAMOTO, Manager. HONGKONG BRANCH:

3 Des Voeux Road Central. Hongkong, 5th June, 1924.

THE BANK OF CHINA

(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917).

to be in a public-house when anyone Authorised Capital present. ridiculed the Army he was. Paid-up Capital

Beserve Fund to drink his beer and go quietly QWBY..!

$60,000,000,00 $18,278,000.00 9,629,428.84

HEAD OFFICE: PEKING. HONGKONG BRANCH:

At the end of the lecture, to test his audience, he asked a younger soldier what would he do if he found 4, QUEEN'S ROAD CENTRAL. himself in a public house where an Branches and Sub-branches all over other customer spoke with dis. China and Correspondents in Europe, America, and other parts of the world, respect of the Army, National

To drink his beer and hook it, was this unexpected reply,

A little boy, very concerned about his mother's cough, asked his ther to got ber some medians.

Medicin

tadregop

clal and Union Bank of England, Ltd. The Guaranty Trust Company of New

New York Bankers; The Irving

National Bank-

The Equitable. Trust Company of New

Yorker