1925-05-30 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION,

HEAD OFFICE: HONGKON

COMMERCE AND FINANCE.

COTTON.

AUTHORISED CAPITAL........... $50,000,000 | EURO AND FULLY PAID UF $90,0, MANCHESTER WEEKLY MARKET RESERVE FUNDH!--

'STIRLING..... £4,500,000

SILVER...... 826,500,000 EMERVE LJARILITY OF {

PROPRIETORY...........

$30,000/

COURT OF DIRECTORS: G. M. Young, Esq-Chairman.. H. F. White, Esq.—Deputy Chairman. W. H. Bell, Esq. Hon. Mr. A. O, F D.G..drand Esq. Win attender. *ru, ▲ E. Compton, Eng. | | 1. A. Plummer, & q. Hon. Mr. P.H. Helyénki T; §. Well, žinu

CHIEF MANAGER:

A. H. BARLOW, Esq.

1

REPORT..

April.29.

Owing to the absence of even.

CANADIAN WOOLLENS.

TRADE'S CRUSADE AGAINST.

BRITISH PREFERENCE.

THE CHINA MAIL.

OTTAWA, April 6, The Canadian woollen industry what has become normal trading was under review at the annual activity in our local texille fudus meeting of the Canadian Woollen try and also the United States, the and Knit Goods Manufacturers' cotton markets have again been! Association_recently held in almost entirely influenced by the Toronto, Mr. G. A. Dobble, of new American crop outlook state Galt, the retiring president, declar- Mesars, J. F. Hutton & Co. Ltd ed that the woollen industry in Reports have been more favour Canado was "experiencing very

that able, as advices of rain having difficult times, and

the fallen in those districts where it possibilities of any substantial Manager: Shanghai-G. H. STITT, Esq, was needed have been substantiai“ | Improvement in the near future cd. Provided this adverse factor were not bright. He and other is eradicated by a sufficient down-speakers attributed the unsatisfác» fall the prospects generally must ¦ fory plight of the industry to two be regarded as very hopeful for a main causes—(1) the contraction good crop, as conditions in the of the local consuming market greater part of the belt are reported to be exceptionally good. The result has been that after some fluctuations a thore bearish tone has been prevalent and heavy sell, ing at the close of the week bas caused a drop of about 4d per lb. in Egyptian values have fallen substantially, the loss on the week being about 21⁄2 per lb. n the Manchester market there has been a fairly large increase in the volume of enquiry in the last

LONDON BANKEES, Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS rariver for one year or shorter periods in Local Currency and erling on terms which will be quoted Im application.

Bougkong, May 20, 1985.

HONGKONG SAVINGS BANK.

E business of the above Bank is T

conducted by the HONGKONG AND SHANGHAI BANKING COK PORATION, Rules may be obtained

an

"INTEREST on deposits in calculated on the lowest balance during each com- plated Calendar Mouth at 3 per cent. por sunum. Should there be no balance ou my day in a month no interest will be allowed for that mouth,

Dopositors may transfer at their option Balanco of 8100 or mors to the HONGKONG & SHANGHAI BANK to ho placed on FIXED DEPOSIT at CURRENT RATES.

For the Honungso & Bama

BANKING CORTONATION,

A. H. BARLOW,

Chief Manager. Hongkong 7th January, 1925.

through a general decline in pur chasing power, for which the widespread industrial depression and the serious loss of population through the southward exodus must bear responsibility; (2) the larger share of this contracted market which foreign competitors, chiefly British, had been able to secure as the result of recent tariff reductions.

Complaints backed up with statistics, were made regarding the few days, and although steadily growing severity of British offers are so far few and generally competition. In 1921 the Imports very low, a somewhat improved of woollen and worsted goods from trade has been done in the Britain amounted to *13,095,000 aggregate. For the most part square yards, valued at $22,014,757, orders are still for small lines bu but for the last three years their occasionally more substantial lots annual value has averaged. have been arranged Staple plain $32,000,000, the quantity last year makes have figured prominently being 30,154,000 square yards. One in the demand and fancies also result of this competition was that have been in much better request, the woollen mills of Cana la used 35 but as the prices for many of the per cent. more wool in 1923. than latter, made of fine yarns, are still they had been able to utilise in | comparatively high the prospects 1924.

ia this section are not yet satisfac Very exaggerated claims were tory. Sellers generally remain made about the extra volume of fairly easy and most prices reficct employment which an increase of the full fall in the raw material the tariff schedules calculated to American yarns are reduced shut out completely the present. per lb. and Egyptians are un imports would produce. One dele- changed to id: per lb. lower. From gate, who claimed to be speaking India there has been considerably for organised labour, out-distanced more enquiry for, light goods all the manufacturers as an expon- prints, and fancies, and the turn-ent of high Protectionist views. over is improved. This market Eventually a resolution was passed has, however, now missed what urging the Government that "the are usually important seasonal tariff preference extended to the ¡purchases. China remains very United Kingdom at the expense of quier. For the Straits, Java; Some the manufacturers of woollen and trade, Africa and South America knit goods in Canada should be demand has been fairly good.discontinued, as it bears so heavily From Egypt and the Levant only upon this indigenous and necessary a desultory enquiry has been in Canadian industry." The argu- evidence..

ment was used that Great Britain had given no reciprocal preferencea except the McKenna duties, which had been repealed, and that wags conditions'in Britain made compeli- Special attention is being direct-tion from this quarter unfair, ed in certain quarters to the merits of Bank shares as a medium of BANQUE DE L'INDO-CHINE. investment. One well-known firm

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

INCORPORATED BY ROYAL CHAFTER, 1853.

HEAD OFFICE LONDON,"

Paid-up Capital.

£3,000,000 £4,000,000

£3,000,000

Remerve Fund

• Reserve Liability of Prof

prietors

FOREIGN EXCHANGE, and General Banking business transacted.

CURRENT ACCOUNTS pened and LIKED DEPOSITS receivet for 1 year shorter period at rates which will bo quoted on application.

A. H. FERGUSON,

Manager. Hongkong, April 15, 1925.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Bubscribed Capital Fra. 72,000,000.00 Zald-Up Capital... Frs. 68,400,000.00 Frs. 59,687,283.54 BRANCHES: Hongknay

Reserve Fund

Bangkok

SCEREASUR

On-

jhoud

Haiphong Eikow

Mongo Nout 4

Papete

Jakiog

From Pert Pondicherry BANKERS!

Saigon Shergha

Bios por

mata TOJIANO

MORE BANK CAPITAL?

wool production and consumption Some interesting data regarding in Canada were also forthcoming.

of stockbrokers in a letter to their The total volume of wool. con-1 clients say :-

Leading English banks have basis was, roughly, 70,000,000lb, in sumption calculated on a grease now attained such strength and 1924, and the total wool production solidity that their shares rightly of Canada in the same period was rank as first-class investments. If one looks back over past events it some 13,000,000lb., also on a grease will be realised that investments basis, Owing to the long, hard winters a substantial proportion of

in bank shares have survived the Canadian fleeces are, however, of changing winds of fortune in a rather coarse texture, and last better fashion than in almost any Yenfu other class of security. In times year only 6,678,5321b, was retained

of depression and cheap money

for Canadian uise, although their prices advance with gilt 34.732,1481b, on a grease basis was edged securities. In times of imported in forms not further trade activity business and profits advanced than the yarn stage and increasing dividends keeps the to be drawn from these figures is increase, and the

about 30,000,000lb. in forms beyond the yarn stage. The inference shares in favour.

that a large number of the Cana dian woollen mills are devoted to secondary manufacturers,

IN FRANCE: Comptoir National d'Escomple Paris; Credit Lyonnais: Buonas de Falk of Para-Bas; Credit Indus risit Commercial

· Macist Genealo.

IN LONDON: The.National Provincle & Union Bank of Bagland, Ltd.; Cemplois Bational d'acomple de Paris: Cresit: Lyonnel IN NEW YORK: J. P. Morgen Co nch American Banking Corporation;

Charly Trust Co. of New York.

Arkivet slowed an Cuirs Accounts and Pod Deponita according to nezingement.

try descriptipas Banking 28 Exchange ́mas trazaznated

A. LECOT,

Manager. Hongkong, Match 20, 1924,

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

Capital (full paid-up).. Yen 100,000,000 Reserve Fund ... Yen 80,500,000

Head Ofce:~YOKOHAMA.

Branches and Agencies st: Newekwang. New York. Osakce.

Matavia.

Section Ayres,

Calcutta

Changchun.

Peking. Rangoon. Rio de Janeiro.

Dairen (Dalny),

Pangtien (Makden). Saigon

San Francisco. Seattle.

mburg.

Makow. Marbis.. Manoluin. Ket Teen.

don.

Angeles.

Shanghat Shimouereki Singapore, Soerabaya. Sydney. Tientsin. Tokyo.

Trinaniu Tringtan. Vladivostock. Interest allowed on Current Accounts. Deposits received for fixed periods at tes to be obtained on application...

50. ARIMA, V

Manager. Hongkong, 124 March, 1925.

prospect of

"We seem now to be approach ing the stage where if on grounds of policy increased dividends are not paid, shareholders may yet

Others besides the woollen benefit from new issues of capital manufacturers are maintaining a on attractive terms such as has just persistent crusade against the occurred in the case of the Mid-British preference, and not only land Bank. Such issues are a distinct possibility in the case of Lloyds and the Westminster."

have a number of Liberal members from Quebec advocated its aboli- tion in their Budget speeches, but Mr. Marcil, of Bagot, has actually sponsored a resolution to this effect. The King Government, however, is much too dependent upon the support of the Progres tenance, and no immediate move sive party, to give it any coun in this direction need be feared.

At the Toronto Convention it WES derided establishment of a silk section off*

to sanction the the Association, chiefly for the benefit of the manufacturers of artificial silk. This industry is making good headway. In the Dominion, which can furnish abundant quantities of wood fibre as raw material. Courtaulda, Ltd., have just completed the new build- fog for their plant at Cornwall, Ontario, and will begin manufac turing operations immediately,

SINGAPORE. RUBBER.

LOCAL AUCTION FIGURES. The Singapore Chamber of Commerce Rubber Association, held its 708th auction on May 20, 1925, when there was catalogued 1,240,344 lbs. or 553.72 tons; offered 677.712 lbs. or 302:55 tons: sold 419,000 lbs. or 187.05 tons.

Spot, London....... 25. 9540. New York........... 60 cents. PRICES REALISED. Ribbed Smoked Sheet:cents perib. Standard quality. No Sales Good average quality 954 to 974 Of quality........

...... 87 to 944 Crepe: Standard quality pale No Sales, Good pale

875% to 92% Off colour latex 83 10.87 Clean fine brown 82 to 884 Brown

7734 to 82.5 the strength of bis position and is Scrap

75 to 7754 determined to make the most of Bark

his corner. If this latter state ****A** 72 to 75 The next auction was to be held ment la correct, it adds to the on Wednesday, May 27.

brishtness of the immediate out- look for rubber from the producer's viewpoint, but what impresses us most is a communication we have bad from London from a friend London stocks of rubber, from closely in touch with the rubber. halyg-round-about 20,(cotons markets his comm before Restriction, have, thanks to 19 the effect that there is now

dication fir the Storanson Scheme, been demand for rubber brought down to under 10,000 tons: to command al Report barit, says the Times of can be produced

tically the whole five years. And this

GINGERING UP A BOOMI

of this stock in London la now is into consideration, new

* she Hands of one man, who realisen rubber L

HEAVY MAIL ORDER TRADE:

Shingled and bobbed trosses have created an opening for special nightcaps to keep the hair tidy and have hairdressers foos.

A RAPIDLY EXPANDING BUSINESS

LONDON, April 22, the business is running on hood In the millinery trade most of Retail business "Is rapidly hats with bowebs and peanuts in expanding. Mail-order houses strong demand. Indeed, many of report a heavy volume of buying. the factories at Luton and St. There is a very brisk Inquiry for Albans are operating full time on kalited and bouclette suite and these lines and, owing to demand dresses, stockinette being less exceeding the supply of some popular. Spring wraps, millinery ranges, prices have advanced and hosiery are selling well. The sightly. opening of the summer

Bporta season has prompted ivery active purchasing of tennis wear, and at. the same time the seeds. of cricketers have kept "men's selections busy. Houses that cater for the school outfit business-are working at high pressure, meeting the call for new clothes for the summer term.,

SATURDAY, MAY 30, 1925,

EXCHANGE

Hongkong, 37th May 1983, Un Bondon

Banky Wires

[9/115/16

On demand 1 30 day's sight... mouths' sight Credits é months' sight .........2/8- Documentary, 4 modibs sight 1/3-7 On. Part

On demand..

On demand

On New York-

THE BANK OF EAST ASIAS LIMITED.

'HEAD OFFICER, HONGKONG.

Authorized Capital $10,000,00 Paid-up Capital ... 5,000,000 Reserve Fand

1,000,000

DIRECTORS:

Hon. Mr. Chow Shou Son-Chairman.

Fung Ping Shan Mok Ching Kong

No Ching Luk

Li Koon Chan

... 1698 Credita, 4 month' aight.1195

PEEwok

ham.

Cradite. 80 days sigba

Wire

On demand...

On demand.

BARLOW'S REPORT On Bombay

On Calcutta--

Wire

on Birgapore On demand

On demand On Manilla-

On demand

On Shanghai- On demand

109

DO

10 days' aight (privata paper) On Yokoha→→ Gold Leaf, 100 das (per inci) 17.50

On demand...

130 Sovereigns (Bank's hoying rate) 8.88"

* 31.5/18

SINGAPORE, May 21. Rubber-Prices have continued: to advance during the greatest part of the period under review. Lon- don at one, time touched 26. 11d,, In the men's wear section, white and New York 69 6-8 gold." On flannel Trousers have sold freely Wednesday morning 20th Instant this week. A very big business is London was reported down to 21. also taking place in grey flannels, 94d. and New York to 63. mid-greys being the vogue for the The tone of the local auction was bulk trade, though silver greys easier, and very little interest was No sales of Awarded are becoming much more popular shown. in the better qualities. Boys Sheer were made under the ham-Blves (por <a.) flannel suits are selling well; mer, but some business was done according to one manufacturer, privately at 1 per lb, but this price supplies are likely to run short in was above the market's general Hongkong 60 conte cab. i. 1 1⁄2 dls. the event of a fine summer. quotation. Good Average Quality very Sheet sold at 9554 to 973 and Off Quality from 87 10 944. Little interest at present is being shown for Crepes, and compared with Sheet, are at a heavy discount.

very

This morning, London shows a further slight drop to 28, 954d, and New York to 6256. Locally the

Sports jackets, modelled much on the lloes of an ordinary lounge jacket, meet with more favour. Inquiry for hosiery and outfitting goods is better, and soft felt bats are in, brisker demand.: Pullovers ja Patt Isle and other popular, and these designs are market is quiet but fairly steady at striking patterns remain

being copied for golf.sults. 96 for Spot. June 97, July 92. Mor.day was a surprisingly July-September 87, and October quiet day at the opening of the December 7472. Stocks for the Drapery Exhibition. The various Week ending 16th instant stand at displays emphasise the novelty 7.567 tons. character of this exhibition. The Copra. The prices for this com- supreme, dresses are shorter than although the volume of business boyish silhouette remains modity show slight improvements, last year, and almost every colour transacted was on the small side, imaginable is represented, self viz. 789 tous Closing questions shades contrasting with the many are as follows:- Sundried 12.40; wonderful colour combinations. Mixed 11.75%

"LOCAL SHARE MARKET.

Names

SUSSIDIANY "GOING-

19

31

10: B

14

Canton coles

I di

建

dia

31 1.8 % dia.

Bar Bliver in Hongkong 10%.pm. Chinese Copper Cinham 10% pm. Chiners Copper Cratsi 6. pm. Rate of Native Interest XT Obinsee Sub.. Coin: Hongkong Fuh. Coln..***.

ARE YOU BLONDE OR

BRUNETTE ?>

✔

out

It is physiological fast that dark persons are more subject to constipation than those who are fair. Still, every times, and Pinkettes: suit both sexes, all body needs laxative Resistance some-

Ace and ovary age.

་་

bio correct cor stipation, dispol as, clear the complexion, purify the

attack, sick beadaches, liverish breath For files they give speedy raliet. Your chemist salls Pinkettan, or post hee, 60 cents the vial, from Dr. Williams Medicine Co., 40 Xiangao Road, Shanghai.

OFFICIAL

QUOTATIONS.

10.30 AM.

MAY 11

Stock Exchange

MAY 19% Sharebrokers' Association.

THE

Bank

Bank..

+1

2/27 73-1/2

B.8.B.U. T. on selling rate

London

and on Bhangbal Hongkong Banks 1830 n London-₤140 b Chartered Bank

£21) b. Mercantile Bank & B,218-b.

do.

P. & O. Bank

10 218-1/8 b.

***

Baat Bats Bank Marine InsNZAROUS

Canton Insurance... China Undire

North Chios Insurance

Union Insurance

Yangtare Insurance

Fire Insurances

72-1

b 120

b. £91-1/2

b. "A" £99

b. £184

b. 2111

D. 100

MERCANTILE BANK OF

INDIA, LTD.

BEAD OFFICE:

;

26, Ornchurch Street, Loddon, E, U. 3...

Authorised Capital.

·48,000,000-

Subscribed -Capital:

Paid-up Capital...

Reserve Fund

BANK.KIN:

1,900,000 1,050,000-

1,800,000

The Bank of England & Waised Bank, Lid,

Bangkok Galla

Dales and p

BRAKORZE

Sourabaya

€71. n

Kanta Lampur Bangcon Kadra

+

b. 750

New York

Hinta

PHAR

3.70 b.

3.75 sa 3,80

T140 n.

1. 140

Colombe KAYBOLS Bethl Mets Shark

Singapore

Port Lees (Massition

***

101.b

240

80 b.

b. to

200 b.

b. 9:00

b.

870

China Fire Insurance Rongkong Fire Insurance. 970.b. Shipping

+

Douglased... B.K. Steambonta Hongkong Tugs and Lighter Todo-Obiuse (Prof.)

HONGKONG BRAMOS,

Every description of Banking and Exchange bas

mam transacted

INTEREST allowed on Current Locoure at !

Wong Yun Tong Buyuh Tai

Kan Ying Po

Pong Wal Ting Chan Ching Shak Every description of Banking anti- Exchange business transacted. Loan granted, on approved securities.

SAFE DEPOSIT BOXES to let

KAN TONG PO,

Chiet Manager, Hongkong, 18th February, 19265.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)

Establisko 1824. -

HOGON BRANOM BATANIMIN: 1908...ạm

Authorized spital 3, 180,060,000 £12 500,000- Paid-Up (aplts) ... 80,000,000 8668,876. Reserve Yunkt. 26,045,081. 1,670,419 Special Reserve.... 22,660,000 1,588,800-

HEAD OFPIOR-Afri BASTHEN HEAD OFFICA: ateria. BRANCHEF:- Bendermal Bando

=

Calcutta

'Churibon

Djokjakarta

Tüm High

Babe Tumber.. Kin

Kota Bala

Mic

Medina

P

Pawany

Palembang

untlan

PERDA Rotterdam Bam

Prcalas gan KADROS

Slanchol

Singapore-berahua Hoem (Bold)

We werden

Tiling

LONDON BANKERS: National Provincial Bank, Ltd. Correspondents all over the world. BANKING BUSINESS OF EVERY DESCRIPTION.

M. J. HERBSCHLER,

Agent.

Hongkong; November 4, 1924.

公理營業實法中

SOCIETE FRANCAISE DE · GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINE.

BTABLISSEMENT FRANCO CHINOIS.

(lacorporated in Franca).

5. Chater Road,

Victoria, Hongkong. -- HEAD OFFICE: 74, Rue St. Lazare, Paris,

Subscribed Capital folly

paid-up Reserve Fund

Frs. 10,000,000

Frs. 10,790,001 -

Working fund provided by THE BANQUE INDUSTRIELLI | DE CHINE.

Fra. 50,000,000,

BANKERS:

Paris: Boclate

Generale,

Banque

Nationalo de Credit. Banque de Paris et des Pays-Bar

London: Midland Bank, Ltd.

New York: Irving Bank Columbia Trust-r

Co

Every description of Banking and- Exchange Business transacted. Corre

nent per sammas co Dally Balape, and on nad Despondents throughout the world. ponità states it may be mortalued on applies tien

? Que Bond Ovatral,

b 38

Hometour, Jaenary 22, 1995. -

D 4-197

1. 38

b. 85/-

T

64

384

*5.

н

38 2.

do.

do.

(Dat.) (BLK. Bog.)..

Shell Transports →→→ Star Ferries Waser-bosta

100 .. 100

84/b 81 b

86

IM

h 83 s 84

17-1/4 n 155.

n. 171

* 255

J

58 51 a

* 68

1996

20% b

A

Oriental Nav. Oo.. Refineries

.

China Bogar.... Malabon Bugar winleg

Benguete

}

***

Kailan Mining Adm

Langkate...... Comb, T36-1/2 » Shanghai Loana The T7. S'hai Explorations... T 6-1/2”. Singin Langkata Raubs Tronoh Mines

J. BOS-

Antier Macare

THE BANK OF CHINA 行銀國 中

(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of Novembar, 1917). Authorised Capital... $60,000,000.00,

67%

|Faid-up Capital

Reserve Fund

Tiib

# u

HID

Ural

Свер 1. Wharves, Godowns, do.

Wharfs

190 b

114 b1131-3 se 7300 E.

BT

b 1141

Docks

H. & W. Dock Shanghai Hongkow

New Engineeringe-9b-8,40 mm-

'bai Docke

Hongkong Amurements. 10 b

B. K. Engineering

H... 8'bal Botale 143 #Bo••

"Hotels & Buildingú, F.E.

Hongkong Lands

H.E. Realty

Bompbrega Estates

Kowloon Eanda

HE. Territorial:

Princes Boulding ...

Bural Lands...

Catton MIII0.

190 191

b 137 en 138 b. 201

̧h 14j in 14-1/914.05 " หม

90-b61) #

5 19-b

150 ..

b. &m 5

150

# 8-1/2

10 n.

Evo Cetics Me, Eid. T 13 b 13) # Kung ika*** Lace Kung How

Orientals... Shangbai Cotton Yangiezeroar... Minosllaneous,

Comoatt Comen "Combined Salon Firkin (011) --

376

but

7. 3,90 m.

bal

T67 m. Nas T11 m.

x. 80-Haw 251.

On 18-129 Wow n. 1

Men.Comb b 35 za 21.1

Lot New THE A

China Provident 15 a Bee 14 n.

do (Bav) 19 n. Comb 22) ■ .--. H.R. Bavelopments. 80 Denta Providents Comblued m

BO

Dairy Septrica H.R.1 Katso do Hongkong and Canton Ice Horskorg Bope. 18 Zaw 10.30 hopes Combined Bangkoby Tram Peak Tramw$99 (Cidade 34

Do

Lane Cra Cantor Ices B.K. Consi Karyanz

14-1

12-11 New 10:1)

318278,600.08

9,830 435.94

HEAD OFFICE: PEKING.

HONGKONG BRANCH:

4, QUEEN'S ROAD CENTRAL Branches and Sub-branches all over China and Correspondents in Europe, America, and other parts of the word London Bankers:-The National Provia alal, and Dalon Bank of England, Lad The Guaranty Trust Company of New

York

New York Bankers:- The Irving

National Bank

Abe Equitable Trust Company of New

York

Emberont All

allowed on Current Accounta and Fixed Deposita Terma on applice tion.

Every description of Banking Busi- 'Dess trumacted

Loans granted on approved securities. Special facilities for Homis Exchange

TSUYEE FI

M. FITZ-HENRY.

Manager Hongkong, 18th February, 1926,

43.

THE BANK OF TAIWAN, LTD...

(Taiwan Ginko.)

Incorporated by Special Imperial Charter, 1899.

་

Capital Subscribed

Capital (Paid-up)

Réserve Fond

Yen 80,000,000 « Yen 52,500,000- Yen 12,980,000

HEAD OFFICE: TAIPER, FORMOSA.

Kobe

BRANCHES: JAPAN-Tokyo, Yokohama,

"Osaka, Moji; FORMOSA-Giran, Kagi, Karenko, Keelung. Makang, Nanto, Pinan, Shinchika, Taichu, Tainan,

Takow Tamui, Tobyen, Ako. CHINA-Shanghai, Hankow, Hiukiang....... OTHERS.-Bangkok, Hongkong, Singa Amoy, Foochow, Swatow, Canton. pore, Soerabaya, Samarang, Bataria, Bombay, London, New- York.

LONDON BANKERS: London County Westminster" and Farr's Bank.

The Bank kas Correspondante in the Commerajal chart Twingtas, Japan, Indo-Uhick, Stan, India, Castes in the Europese Continant, Bumix, Man Philippine filanda, Java, ang Darah Indias, "AUR- Talk America, Africa, đe, jak

Istraat owed on Camat soumia, and Fixed - Deltatt widek will, ba quobed ca nyplin

Z. YAMAMOTO, *Manager.

HONGKONG BRANCH:

8, Des Vaux Road Central, Hongkong, 5th June, 1924.

INVESTMENTS

ACTUAL" INVESTMENT YIELDS TO OUR CLIENTS In addition to bonus, and dividends. Verification possible. stance. No. 18: Cleat 3 bought Hongkong Trams $15.00 they are now $40.50.

·SMALL LOTS

Underwriters, Hojela

Emall or large lots 50 HK' Amusementa

100/1000 Underwriters, B00T000 Real

50/600 China Light

10/1007**: Ľuidag 2007 N

• 60,000 | Constructions“)

300/500 Hotela.

200800 Orientala

12/1550 Unions

211 B0100 Providenia (old

100/500 Bar. Ferries:

We Sell 00/1000 Puglia,

100/667

Providents (now). Developments

42/200

Providents (new)

Waterboste

Electric

P.&O. Bank

Taxis

06/200/500 Watsons (old and new)

Croton Tuni

LOTS UPON REQUEST SELLÄPITBBER SHARES

SMALL INVESTORS