1925-05-25 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION,

HEAD OFFICE: Hongxsno. AUTHORISED CAPITAL.......... $50,000,000- ISSUED AND FULLY PAID UP $10,000,000 RESERVE FUNDS

STERLING... 4,500,000 BILFER...... $26,600,000 RESERVE LIAMLITY OF

W

PROPERTYRS) $20,000,001

COURT OF DIRECTORS:

G. M. Young, Eeg-Chairman.

H. P. White, Ead-Deputy Chairman:

: Hon. Mr. A. Q. Lang-

CHIEF MANAGER:

A. H. BARLOW, Esq. Manager; Shanghai-G. H. STITT, EM,

COMMERCE AND FINANCE.

LOCAL IMPORTS.

CHAMBER OF COMMERCE: REPORT.

SAMAANA -*

THE CHINA MAIL.

INCOME TAX..

IRELAND LOWERS CHARGE.

will

CANADIAN PACIFIC.

ADDS 800 TO" ITS'ROLL.

an

Vancouver, BC, April '14— General business conditions throughout British Columbia are Dublin, April 23-The con better than they have been for The Hongkong General Cham-siderable reductions in taxations some time, according to God,

the Irish Free bor of Commerco fortnightly announced in

State budget yesterday

Cotterell, assistant, general super- report an imports is as follows:-

Cotton piece goods and fancy have the effect of bringing the intendent of the Canadian Pacific cotton goods. A slight improve salary earners' income tax and the Railway lines for the province. ment in local market condition has poor man's breakfast table require. So much is this the case that this Ball, Way

transpired and sales of small lots

ments below the rates prevailing DG, Midrand, Bax, L. Pritende Fabra whites and Fancies have been in Belfast and the influence of this one railway system has, within the Au Mystopian, Bay. A. Plummer, Eq. Hon Mr. P 13. Teiyeak T. (7, Well, Kaq, effected. Clearances still remain on the boundary question was past week, added 800 names to its

relatively poor though Brocades undoubtedly a powerful considera pay roll. are moving better than they weretion in the argument for reduction. Mr. Cotterell said further that when we last reported. Mid. Am. The task which Ernest Blyth, the although the demand for lumber "Spot" was

quoted 1299d in Free State Minister for Finance has not been active for some Liverpool on 24th instant and Eg addressed himself was not merely time, inquiries are now increasing

that there was a deßelt, but that in and Sakellarides 29.35d.

improvement early for the forthcoming year are for: view of the fact that the estimates in the business

looked Much improvement has been: greater than the actual expenditure shown recently in the coal and for the past year the estimated coke industry in the Fernie defcit is even greater. The minis district. With the influx of new ter adopted the suggestion first, capital, he staled, mining made to him two years ago to properties which have remained differentiate between recurrent dormant for years in the Nelson and non-recurrerit expenditure and and Slocan districts are being carry the latter by a loan..

bonded and developed: The new power plant of the West Kootenay Power Company at Bonnington Falls has been almost completed and wilf supply sufficient power to take care of the operations in connection with the additions to the Trail amelter, which are also and will nearing completion provide for a substantial increase in the output of metals,

LONDON BANKERS, Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS Toceived for a year or shorter periods in Local Currency and Sterling on terms which will be quoted on application.

11

Bangkona, May 30, 1945.

HONGKONG SAVINGS BANK.

T

11207 bitnizidan, of the above Bank is conducted by the HONGKONG. AND SHANGHAI BANKING COR PORATION. Ralos may be obtained, on application.

Depositure may transfer at their option Balance of $100 or more in the HONGKON & SHANGHAI HANK

Cotton Yarn. After a spell of Inactivity, which lasted over t wo months, an Insignificant business has been done at a heavy sacrifice in rates. Quotations are: No. 10s. $100/208 No. 128. $195/218 16. $2.0/230. No. No

Arrivals 00q bales. $220/225 Shipments nil. Sales 500 bales Unsold

bales. stock 14,100 Bargains 3,500 bales..

Woollens. No change. Market

dull

Raw Cottons.-There is change to report.

20.5.

no

OBTAINING a surplus.

By dispatching nonrecurrent ex- penditure in this way, he was able to turn a deficit of about £1,000,000 into a surplus of £1,300,000.

He next announced that the life-Government had decided, after careful consideration, to adopt protection on a fuller basis. New taxes would, therefore, be added, but the present Government un- dertook to bring in no fresh pro- tective taxes before the matter had been submitted to the people la

Metal's Market continues less, with dealers taking no in. Stocks INTEREST deposits is calculated Iterest in new business. on the lowest balance during each com are very slow in going into con- pleted alur Mouth as 3 por consumption, and dealers seem to be par annum Shout there be no balance writing to accept lower than da any day in a month no interest will quoted prices in order to clear. be allowed for that mouth.

Flour Market Report-Stock: 35.00

sacks, Market Firm, American Patent Quotations: $480 per sack American Straight to be placer FIXED DEPOSIT &$3.75 per sack; American Cut off CURREN RATES

$3.79 per sack Shanghai Flour $3.60 per sack Australian No. 1. $3.70 per sack; Canadian Cut off $3.40 per sack.

Sundries-Märket quiet. Sugar-Market doll, very quiet.

Salipetre. Very quiet market with nothing particular to report.

For the Hoxanego & Big

BANKING FOR! ORATION,

A. H. BARLOW,

chief Munnger,

Hongkong 7th January, 1995.

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 Recurve Liability of Pro-

prietors

.£3,000,000

FOREIGN EXCHANGE and General Banking business transacted.

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

A. H. FERGUSON, Manager. Bongkong, April 16, 1925,

WEEKLY SHARE REPORT.

A

general election. Mr. Blyth} estimated that these extra duties Would bring in a total of £1,210,000 which, added. to the £1,300,000 surpins be had devised, gave £2.500.000 available for remission of taxation

BELOW BRITISH LEVEL The inconie tax was therefore re- Marketduced from 5s, in the pound to 4s... thus bringing it below the present British level The most striking part of the budget however was the announcement that the entire tea duty is to be remitted. And it is proposed to drop the imperial pre- ference on sugar on the ground that the countries which benefitted from it were British dominions from whom no corresponding advantage to the Free State was received, since they were not customers for Free State com- modities.

Messrs. Moxon and Taylor's latest Weekly Share Report states-

We have had a quiet market during the past week and most of the favourite stocks show a alight decline. although money still "ppears to be easy and there is a Bood demand for all investment stocks.

Shanghai market steady.

continues

Hongkong Banks continue in strong demand at rising prices, closing firm with buyers and sales BANQUE DE L'INDO-CHINE.at $1,300 and no sellers under

HEAD OFFICE:

$1,310.

Unions have been the medium

06, Boulevard Haussman, Paris, of a fair business and were done Subscribed Capital. Frs. 72,000,000.00 as high, as $307, hut at the close Paid-Up Capital... Frs. 68,400,000,00 Beserve Fund Frs. 59,867,283,64 are slightly easier and have come

to business at $302. BRANCHES: Hongkong Mort

Bankok

accambang

Nauma

Chboar Exipbook

mut

Papmie

Peklag

From Furth

Pondicherry BANKERS:

Saigon

Shangha

Gingapore

Tantain

Taarane Yonderfu

IN FRANCE: Demptoir National d'E-compte 19 Para-Busy Credit In'ostriel #1 Commercial Dorimé Generale.

to Parin; Credit Lyenual; Banqué de Paris at

IN LONDON: The National Provincial é Jin Bank of England, Ltd.; Comploty Sational d'Ereample de Paria; Credit Lyonnai IS SEW YORK J. P. Morgan & Co, French American Banking Corporalea;

arly Trust Co. of New York

foterest allowed on Uarrens Accounts and Aized-Deposits according to arrangement.

Bas'a transacted

3ry description of Banking and Exchange

A. LECOT,

Manager. Hongkong, March 20, 1924.

THE YOKOHAMA SPECIE

BANK LTD.

Established 1880.

Capital (full paid-up).. Yen 100,000,000 Robervo Fund

Yen 80,500,000

Head Offca-YOKOHAMA.

Branches and Agencies at:

Batavia,

Bombay. Buenos Ayres,

Calcutta.

Changchun.

Dairan (Dalny).

Hamburg

Hankow.

Harbin.

Honolulu.

Nowchwang.

New York Caska.

Peking. Rangaon, Rio de Janeiro.

Fengtien (Mukder). Saigon,

San Francisco. Scattle: Shanghai. Shimonoseid Singapore. Soerabaya. Sydney. Tientsin Tokyo, Tsinanfo.

Kai Yuen.

Kobe.

London.

Los Angeles.

Lyons.

Manila.

Nagasaki

Nagpys.

Canton Insurances are firm with buyers at $750.

Hongkong Fires are wanted at quotations.

Hotels firmed up to a buying. rate of $15.10 during the week, at which a few shares changed but at the hands,

close are rather easier, and have come to business at $14.75.

Hongkong Lands have been a stendy market, and have come to business at $98/4 cash and $95

June.

Humphreys are quiet, and few shares have changed hands.

Cements are rather easier, with shares prevailing.

Wharves were firmer during the week, and changed hands at were $195.50, but at the close rather easier.

Hongkong Docks have declined to a selling rate of $116 and have been done as low as $114.50.

Shanghai Docks are wanted at T19. 132,50.

..

In the next place the sugar duty is to be dropped from 2d., 3fr. per pound with a preference to a fat rate of Id. për pound. Finally the Minister stated the Government bad arranged with a Belgian company to grant subsidies for the encouragement of the beet sugar industry in Ireland.

area

SUGAR OUTPUT.

BEET AND CANE CROP.

Rome, April 23-The Interna. tional Institute of Agriculture snys the sugar-beet crop of last year was decidedly larger than in 1923 in all producing countries. This result- ed from the general increase in sown and from favourable weather.

Sugar content in more important regions was higher than 1923. The world yield will approach "175,000,000 centals (one

cental equals 100 pounds), compared with 130,000,000 in 1923-24-

There is reason to belleve that the cane sugar yield will not be below the preceding season, and may be slightly above it.

While the Indian forecast is for a de, crease of 18,000,000.centals, resuit- tog from a decline in area and un- favourable weather, Cuba has a producilon surpassing the high yield of 1923-24..

LOST COAL CONTRACT..

EXCHANGE.

Hongkong, ind May 1998.. On Loader-

Bank,

"On'demand 2013/8 15/15

4 months' sight | Credita, month Light 3/8-1 Documentary, 4 months aighì 2/3-1. On Parla

on

On demand...

...1080

**Bom.

Credits, 4 month right...1160

On demand.

m

On demand

ou Bombay

Credita, 60 days' sighi ... 18

Wire.

On demand... Wire

On Palatia

On demand

On Bingapore

On demande

Manta-

On demand. Op Shanghai-

On'demand.

4

1403

$8

1081

ww Mom..

20 days' sight (private paper)

On Tokobama On demand...

1881 Gold Lest, 100 fine (per tael) 47.40 Borerelgas (Bank's buying rats) 8.88 Silver (per on.)" «***

81.1/16 SUBSIDIARY OBINI. Hongkong 50 cents amb die.

1% dia. 4% dia. 10% pm.. 10% pm...

6% DIED.

10:

ม

+4

நகம்

Canton oder Bar Silvor in Hongkong Chinese Copper Cash .... Chinoes Copper Cesta Rate of Native Interest Chinese Sab. Cola'

cagkong Buk, Coin

Stik

MONDAY, MAY 25, 1925.

VISITORS AT: HOTELS.

HONG KONG HO

· Max 201

Mr. M. Axeirood Mr. F. W. Barnen Mr. N. Bosle Mr. and Mr

Beghen

.

Mrs E. Leeds Mr J. 8. fiok

Me A. Linxbied W.Mr C. I don tergor

Misa B. Lilio

Mr. R. #oillion Mr G. N de Man Mr. V. Benjamin

Mr R. Monasho. Capt. Bentley Mr and Mrs W, J. Mr D2. M. Be thoa Monger & snildron Mr R. J. Birbook Mr. C. H. Moagne Mr. B. B. C. Bloys Mr J. Morton

W. G. Bruh Mr W. Milligon Mr. D. Cappleman Min. I B. E. Mur Mr J. H. Obok KYATO

Mr.P. W. Cotton

Mr R Nicholasa- Mis F. J. Crawford Mr B, H. O'Farrell Miss Loulon Daily Mr Olliver

Mr G. L. Davis Mr J.E Ollerton Mr J. D. Deckio. Mr&Mr Paltridge Mr And Mre W- P.M109R. F. F

Donul

ridge.

My. G. WO. Van Mr and Mrs R. J.

Dorter

Miss U. Bel

Parbor

Mr Begior

FHB BANK UR LAST ASIA

CHINITED

HEAD ́OFFICE: HONGKONG.. Authorised) Capital Paid-up Capital,gla Beserve Funder whwwwww

DIRECTORS

Hon. Mr. Choy Skou Sen-Chair

Fong Ping Shan Mok Ching Kong Li Loon Chun Wong Yan Tong F. K. Kwok.......... Huych Tai Ng Ching Luk Kan Ying Po Pong Wai Ting. Uhan Ching Shel Every description of Banking and Exchange business, transacted." Loami 'granted an approved securities.

SAFE DEPOSIT BOXES to Ich KAN TONG PO,

Chief Manager.

Hongkong, 16th February, 1925.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

Mr B. O. Eckhardt. Mr WB. Forchardt (NETHERLANDS TRADING SOCIETY,)

MF. J. W. Fooken MrR H. Fope

Mr and Mrs A.H.A.Mr Tano Poppo.

Mr. R. Fottis Fongs

H. Puorner Mr and Mrs P.D.G.Mr B..

Gain

Mr W. Reas, thai Mr Clayton Gallop Mr Alex Ross Dr. D. Gawiur Mr. A. H. Kowặ Ma J. Goldssch Mr. Salvon Mr. & Mrs. J. Gould Mr Joseph Satosky Miss A. L. Grifin Kr&MrW Sabofeld Mr and Mrs W. A. Mr. Bohers Shaw

Mr. & Mrs. A. D Raanital

Silan Capt L

Mr. A. F. Henry

Siguiend

Misses A. & P. M; M.T. Sangg

117% ons

Capt. T. P. Hal

izdin

Bamilton

Mr R. Suliver Mr. G. A. Harriman Dr. H. F. Scars

Sparke Miss Sarrie 'Mx0

Mr. W. Mr L. Straban

Mr and Mrs L A

Mr

Mrad

Boga stood, la a aequel to the diversion M. Holmes Tobias of French State Railway con-Mr A. E. Jenssa

d. Todd tracts to other sources of supply..Mr J. H. JohnstoneMr H. Watkins

HEA. Willems The last contract placed by these MrJ. R. Jone

Mr J. F. Joseph Mr J. Willes railways in Wales was for 80,000 Mr aid Mr. E. A.Mr Samaell Wong The French State Railways, tons. On reliable authority Roedinst Mr And Mr G which in the past have

is been 'it

stated the

Mr. railways Ma

Wosseder & child among the most regular importers do not intend purchasing further Lauritsen of Welsh coal, have decided to supplies of British coals this

•

close their. Cardiff office, having year. The step now taken severs already recalled their representa a connection extending over, a tive. This decision, it is under- period of 30 years.

LOCAL SHARE MARKET.

QUOTATIONS.

OFFICIAL,

MAY 22. Names

10.30 AM

Stock Exchange

Jank

3/27 73-1/2

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

London

and on Shanghai Hongkong Banks 1290 à 1300 sa. London,₤140 b Chartered Bank

"Elli be

Mercantile Bank & B £19-16.

do.

P. & D. Rank.. East Asia Bank===== marine TasuganCOS Canton Insufance... Chion Updire

North China Insurance Delon Insur kerese 'Tangtare. Insurance

Fire Insurances

China Fire Insurance.

213-1/8 h.

£118. Bit A

- 700 b.

3.80/80 #1, TI40 G

500 6 30% N

Bu b.

... .200 b.

Hongkong Fire Treurance... 870 b. Shipping

Reports are also good from Brazil, Porto Rico, Java, Philip-¦. pines, Mauritius rod Australia. Other countries do not show much altération. The aggregate pro duction of cane-sugar will be about 320,000,000 centals.

In 1924-25 France produced 90 Hongkong Electrics firmed up per cent of the pre-war beet during the week and were done at

sugar, Poland more theo 75. $85 cash and $90 July, but at the per cent, Czechoslovakia. more close were rather easier, with than 110 per cent, Germany 70 sellers at $84 cash.

per cent. Even Russia participat- Trams have been a firm market, ed in the recovery, and in 1924-25 and have come to business at attained 32 per cent of pre-war. $42.25.

Belgium and Italy did not decrease China Sugárs have come to production so much as some other businesa at $60/61.......

countries 10: 19:9/20, and this. China Providents have been a season will show yields in excess quiet market, and few if any of pre-war, Belgium by 50 per cent, shares have changed hands, and Italy by about 100 per cent,-

.:

China Lights firmed up to a Netherlands and United States buying rate of $83. during the cultivation of beet experienced week, but at the close are rather some development during the war, easier with sellers at $32.75. .

and compared with pre-war. Dairy Farms are quiet at Netherlands gained 2 per cent. In | 1919-20 und 34 per cent in 1924-25, quotations.

Steamboats have come to buai-while the United States reports 19 Interest allowed on Current Accounts. ness at $88.75.

per cant, more. În · 1919-20 agd. 78- Deposits cbived for fixed periods at rates to be obtained on application/

Ferries have been a steady per cent more this season: C. ARIMA, market with buyers at $82 cash

Manager. without attracting sellers. Hongkong, 11th March, 1925,

Tringtau. Vladivostock.

In sugar beet countries as a whole, the yield in 1919-20, only 40 per cent of pre-war, In 1924-25 was Lane, Crawford's are quiet and a few shares have changed handsmore than co per cent of pro-war.

at $17.25.

Cene aggregate in 1919-20 of 731- Der cent over pre-war, reached 353

Es, 2141 Indos Deferred, 49, worthy additions in Brazil, Shells, £4, 65, Bd—all “middle. Formosa, Jara, and the Philippines

Aggwgate for best:

Fichange: ----“Demand pri Lon. whlen

12/2-15/16, and T/T, on war

20 ADD

per cent larger in 1024

B.R. Steamboats ..

J

MAY

Sharebrokers' association.

Bank..

9/21 73-1/2

1300

b. £11-14

b. "A" 219i

b. 440218)

b. £11A

D. 100.

b. 745

13.0 8.50 3.00

n. i

b 200 330

b. 48

200

b 670

Douglasen...

54

a.

52

38)

58

Hoogkong Tugs and lighter Indo Chinas (Pref.)

44.

B4-12

38 n

*El.

98

300 d 100

2.

120

84. b

89/.

831

17-1/4 n

다 176

200 m.

#

b. 60-1/8

51

(Det.) (B.E. Reg.) ... Shell Transport *** ** Star Ferries Water-boats... Oriental Nav. Co. Refineries

China Sugar Malabon Bugar Mining

Benguoti. Kailan

++

**

Shanghai Loans

Mining Admi Langkats...

| Comb, T16-13 b $7.8. Bhai Explorations. T 5-/!

Tiz b. Pangkate

M

F

བ

Tronoh Mice Ural Casp. Books Whaiyes, Godowns, 26.

8. K. Wharta

195-1/n B. &W. Book

116 118-114 za

Shanghal Rongkowa. *** New Engineerings...

bal Dooke

Trisi b

10 b

Hongkong Amusements H. K. Engineerings Landa, Hotels & Bulidings, B.K. Sbai Hotels 14, s. & ea Tow-- Hongkong Lands B.K. Realty a Humphreys Estates Kowloon Lands Princes Boulding H.K. Territorial... Rural Lands' am Cotton Mills.

REPULSE BAY HOTEL,

May 21.

Mr & Mrs AW. Van Mr Ad Mra B.JA

▲ del & valid Lacon

Dr W. F. Attenborg Mr E. W. Latio Mr and Mrs LFA,MỸ & H E. Lond

Carleton

Mrn W W. Week Mr Corley

Mr Mary

MYR ADO Hits. 9. Mr J Otis

Bili

Mr And Mrs J. N. Mr & Mrs A. D Gal. Parker

lowy daughter Mr & Mrs. Febryva Mrs Godson Mr W. Simpson Mr and Mrs Charter Mr. S. Simpana

Haworth

Mr & Mr W. 0. Mr and Mrs H. Y. Vander Steen Bor leahield &ob id Mr & Mrs Towand Mr and Mrs Bios Mr Iau Chao Wan

Mrs. M. F. Wilson

PEAK HOTEL.

May 21.

Dr J. W. Anderson Miss G. Kennedy Me 6. A. Arthur Mr-M. F. Esy

Mrs L. E. Kelbeo"

Mr F. Austin

Mise E. R. Bally

Dr B Balean

Mr J. A. Burton-

Mr and Mrs. E. R

KOL

Mr and Mm S. H

Mr and Mrs T. G. Langaton

Bennett

Mr K. arsen

1

Mr and Mrs P. W.. Kr and dra G. D.

Mr W, 9. Bourne Mia Leys

Blackwell

Leya

Mr M. J. Breen

Major A

Litila-

"Mias P. W. Brown Johns

Mr and Mrs R. La. My L. X. B, Lloyd

Bridger

Mr J. D. Lloyd

Mr 8. D. Caro bors Mr and Mrs W.

Capt. & Mrs J. D.

Carpenter

Mr 8. H. Clark

Mr B.B. Uloland

Logan

Mra J. McAfnsh

Mr B. Kellar

Mr.J F. Millor

Ms M.Cooper Mr H. A. MIIS

Mrs I. H. Cormack Mr E E. Kinmack

Mr and Mrs W. A. Mr. and Mr

Cornell

Krogh Mon

Mr and Mrs J. D. Capt. Mer R A. EJ

Danby

Lt Col R. 4. Dob- Mrs C. C. Morse

Mr and Mrs W. A. holme·

Mr R. E Farrell

67H

Hy

M78 N. C. Donakl.

b. St BA'8.10

Mr and Mrs W. N. Murdock H. Mr and Mrs H. R. Miss E. Mardock

Edwards Mi M. W.. News-

Bastaco

Mr W. Ogden

b

Mr. A. H. Pens

194

1151 115-116

B. 131-12

Lt Col F. u. Flix Mr A. Prismall

Gerald

Mr AR. Bemington Mr D. FitzGerald. Mr A. Ritabe Mr A Forbes Mr&Mr. Roott Miss M. Forbes Mr W: R. Saiffert Mr R. J. W. Foster Mr. B. Skelton Mr and Mrs F. P. Mro & Xin 0.1,

Franklin

Glo

Stabbings

Lt. E. C. Frederick Mr and Mrs E. F. L Mr and Mrs E. B. Stardes

Mr O.P. Stardes."

· My W. D.Goodfellow Mr G. J. Tarrant

B. A. Hain Mr J. 8. Thomson Miss M. B. Ra Mr and Mrs 0.

That es Mr A. W. 1ckle

Α.

Hems-ZA-Col. and Mrs B. Travelyan

Lt.-Comdr. G.

H

20-1/a

im

150 n.

D. 100

Iib. 3 s. 10 2

1. 3-1/2

Mr JB. Hawker

W. J. Hawkez Mr G. M.

worth

Bole

b 11t

bal & m 1.80

Ewo Cotton Mills, Ltd. 11.80 b. Kang Yike

Laon Kang Mows Orientals. Shazghal Cotton Yanglazepoca... Miscellaneous,

Camente

T. 1,00 D

200

T‐67 n. New T 31 n

..

31 n. Now 9n.

23-1/3 s

Cementa mbined

China Záchta (Old)

do (New) 31 n China Providenta 15 H.K. Development Providenta Combined Dairy Farms. H... Electrica

E. 50, Now 38 n.

(n. 19-1/2 New n. 0 (Comb, b 28.1/1

Comb 18, 331-91 m. (Blev 1. 30 Comb #22 m, 82†

How 14.

n. 80 Cents

n. 18 New 11.53 n-

48

&ம் 60 Ot Comba 45-1/

81 x 81-84) ma

n 8-1/1

Hongkong and Canton Ices Hongkong Beps. 28. New 10.20 kopee Combinada za tamé Hongkong TramwAYS N: 4%) AN For Tramways (Old)....... 240

Do

(New)

Watson's

Wr: Posulld Lane Crawfords Canton Josa H.K. Constriction Nanyang Tobecoo

) Minokin

617-12 Hem 10 b

0.10 (0.13 Now b It-1'1

17's 17-1

4.00

Mr H. Howell

Mr

He L, D. Targer

Capt and Mes 4.

Walker

· Ez Jenkins - Mr H. R. Weller Mis 0. 0. Jookin' I AJ. L. Whyte Mr F. A. Johnson Miss O) Willmett | Mr G. 8 Hugh Janse Mr and Min Fi

Mr and Mrs A. D. Wood

Mr LH P. Youg Kennedy

FRANCE'S

FINANCES,

(Reuter's Service.))

Paris, May 22 The Cabinet has approved the measures which M. Caillaux, the Minister of Finance will introduce in the Chamber of Deputies on Monday

Establisko 1976. Horexons BRANCH BITAREHEMU 1905..

Authorised 'apital d. 180,000,000 £15 500,000-

· Paid-Up Capital...G. 80,000,000 £ 6 666,071 Rasuwa: Fund...G. 20,045,031,670,419 Special Reserves...G. 52,860,000 £ 1,888,420 HEAD OFFICE --Amsterdam,

⠀ EASTERN HEAD OFFICE :-Ïalaria,

BRANCHES :-

Bandjazzarlo Bandeng Calcutta

Bombay

Djohjakarta The Hague Kobe

Cheribon

Kota-Eula

Maever

Padang

Palembang

PenLog Rotterdam Hingapore

Pontiana

Topal

ני

Ramarang

Djembor

Medan

Pacalon gan

Rangoo

Shangha

Boarsbain Soerakarta (Bolo) Tintap Weltevreden

LONDON BANKERS:— National Provinein!' Bank, Ltd. Correspondents all over the world, EANKING BUSINESS OF EVERY DESCRIPTION.

+4

M. J. HERBSCHLEB,

Agent.

Hongkong, November 4, 1924.

司公理管業實法中

SOCIETE FRANCAISE DE GERANCE

"DE: LA BANQUE INDUSTRIELLE

DE CHINE

BTABLISSEMENT FRANCO

CHINOIS.

(Incorporated in France).

5, Chater Road, Victoria, Hongkong. HEAD OFFICE: 74, Rue St, Lazare, Paris.

Subscribed Capital' fully

paid-up... Reserva Fund

Frs. 10,000,000 Frs. 10,700,000

t

Working fund provided by

THE BANQUE INDUSTRIELIM

Paria:

DE CHINE Frs. 50.000.000.

BANKERS: :

Banque:

Societe

Generale,

Nationale de Credit. Banque de

Paris et des Pays-Bas.

London: Midland Bank, Lizi.

New York: Irving Bank Columbia Trasi

Co.

Every description of Banking and Exchange Business transacted. Corre- spondents throughout the world:

M. FITZ-HENRY.

Manager Hongkong, 13th February, 1025.

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

Incorporated by Special Imperlað. Charter, 1809.

Capital Subscribed

Yen 80,000,000

Capital (Paid-up) Reserve Fund

Yen 52,500,000.

Yen 12,980,000

HEAD OFFICE: TAIPEH, FORMOSA.

BRANCHES:

JAPAN Tokyo, Yokohama,

Osoka, Moji.

Kobe,

FORMOSA.--Giran, Kagt, Karenko, Keelung, Makung, Nanto, Pinan, Shinchiku, Talchu, Tainan, Takow, Tamaui, Tohyen, Ako.

CHINA-Shanghai, Hankow, Klukiang,

Amey, Foochów, Swatow, Canton OTHERS Bangkok, Hongkong, Singa

pore, Soerabaya, Samarang,

Batavia, Bombay, London, New York.

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

The Bank has Correspondente in the Commercia? comes to the Europass Coadness, BS, MAN shuria Tringtaa, Japan, Indo-China, Bam, india, Fhilippine Islanda, slava, and. Dztok Indies, Austa Valla, Answeden, Affles, ku

Zaleras allowed on Caromat koppanta, and Pixed Pote at rates which will be quoted on applica tlos.

Z. YAMAMOTO, Manager.

HONGKONG BRANCH?"

2, Des Van Road Central

Hongkong, Bih June, 1924.

THE BANK OF OHINA. 行銀质中

(Specially Authorised by. Presidential

Mandate of the Republic of China

on the 22nd of November, 1917)

Authorised Capital

Paid-up Capital

Reserve Fund

$60,000,000.00

$18,278,600.00

$ 0,029 42534

HEAD OFFICER PEKING.

HONGKONG BRANCH:

4, QUEEN'S ROAD CENTRAL Branches and Sub-branches all gyer China Correspondents in Europe America, and other parts of the wiżide

The measures ensure the full equilibrium of the Budget by London. Bankers: The National Proye cial and Union Bank of England, Ed.. fresh taxes. They create two nowThe Guaranty Trust Company of Hik commissions, the first to codifyi Tork, M

and simplify the fiscal enactments New York Bankers: The Ira and the second to consider the National BankVRTE machinery for, the control of The Equitable Trust Company or New petroleum, coal, etc.

Yark

and Plied Depositsg

Settlement Day, May 28,

for five pre-WEL VRBES