1925-06-05 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION.

HEAD OFFICE: HONGKONG.

AUTHORISED CAPTAK............ $50,000,000 (SKÜLD AND FULLY PAID UP $20,000,000 RESERVE FUNDS -

STERLING... £4,500,000

SILVER $28,500,000

BEERVE "LIABILITY OF

820,000,00

"PROPRIETORN......

COMMERCE AND FINANCE.

LONDON'S MEAT BILL

£36,500,000 LAST YEAR.

THE CHINA MAIL.

add English lamb prices. for 1924 were somewhat in favour of the home country. Chilled and frozen meat supplies from all sources totalled 317,994 tons.. Of the total Imports-909,898 tous-of beef, WANING TASTE FOR. MUTTON. mutton, and lamb into the Uasted Kingdom durluge, year 36.3 per con passed through the imarket increase. of 1.2 per cent on 1923. for distribution, this being an

COMPANY REPORT,

PEAK TRAMWAYS. CO., LTD.

year ended, April 30, 1926, for Report of the rectors for the

Interesting COURT OF DIRECTORS:

details London's annual meat bill, which, about G. M. Young, Esq.—Chairman. HP. White, Esq-Deputy Chairman,as shown by supplies to the W. H. Bell, Kay, Hon. Mr. A. ( Labg Central Markets, reached a value

A. H. Compton, P. 1. A. Plummer, Erg.

Bon. Yr, Pill, Halyosk T. (1. Waali, You

CHIEF MANAGER:

A. H. BARLOW, 'Esq.

1

NEW ZEALAND.",

THE LANCASHIRE. COTTON TRADE.

It is interesting to learn that. Mr. Elmslie, H. M. Trade Commissioner in New Zealand, considers that the Lancashire cotton trade, is doing

THE PHILIPPINES.

OVERBEÄ TRADE STILL GROWING.

The

OIL

FRIDAY, JUNE 6, 1925.

ANGLO-PERSIAN IN THE ARGENTINE.

Manager: Shanghai-G, H, STIFT, E«. {{including poultry and provisions) prosentation to the Shareholders not making any headway, and report, the exports of the country ducing well had been brought in

D. G. M. Fernani, Hag W, Patteden, Fe£36,500,000 last year, are contained

and superintendent of the Smith In the report for 1924 of the clark

feld Markets, Mr. H. G. W. Millman. Last year was a record for the markets, the total supplies amounting to 480,520 tons, which exceeded anything hitherto reach ed in the previous fifty-six years history of the market. It is estimated that the live stock killed to furnish this food consisted of!

LONDON BANKERS. Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter perioda in Local Currency and Sterling on torma which will be quoted on application.

Hongkong, May 20, 1325.

HONGKONG SAVINGS BANK.

business of the abur conducted by the HONGKONG AND SHANGHAI BANKING PORATION. Rules may be ou application.

INTEREST on deposits is caleniat

on the lowest balanca during och mu ploted Calendar Month at

par ceni. por annum. Should there be no len on any day in a month za interest wil bo allowed for that month.

Depository may trungfur, ut their. option Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPONIT 20 CURRENT RATES,

For the Hougong & Sharon L BANKING CORPORATION,

A. H. BARLOW,..

Chief Manager. Hongkong 7th January, 1925.

A

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1863,

HEAD OFFICE: LONDON...

Paid-up Capital"..

.....£3,000,000

Reserve Fund Reserve Linbility of Pro

prietora

£4,000,000

.....£3,000,000

FOREIGN EXCHANGE and General Banking business transacted:

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter period at rates which will be

usted on application.

A. H. FERGUSON,

Merager. Hongkong, April 15, 1925.

800,000 bullocks. 5,500,000 sheep.. ..900,000 pigs.

Philippines for April, 1925 showed recently returned from Buenos overseas trade of the Sir Charles Greenway, who has

an increase of more than P5,000,000 Aires, is reported to have said that, well as ever it did so far as New over the trade for the correspond he was greatly impressed with Zealand is concerned, and, in fact, ing month in 1924, the Agures be-the markable progress of that is showing gradual signs of development. He avers that the P43,143,944 and P38,078,333, country, but was disappointed by enthusiasm for British goods is respectively, according to a com the attitude adopted by the, Argen such that purchasers will give up plete compilation of trade accounts dins Government towards foreign to 20 per cent more in order made public by the statistical capital engaged in the all Asida. to obtain British-made in prefer division of the bureau of customs. The trouble is that some of the enca to foreign products. America. and Japan, it is true, are doing The balance of trade was in lands in the Comodoro Rivadavia but Mr. Elmalle believes they are than P11,000,000, according to the acquired, and on which a their utmost to exploit the market favour of the Philippines by more feld which the Anglo-Persian had pro footing of the Company to be agricultural at the Ordinary Anal General the matter of motor-cars and held at the Hongkong Hotel, Hong- machinery in particular there is P27.197.764 as against P15.946,176 limits of the enlarged national oil 'and dairying for Apell, 1935, amounting to have been included within the kong, at o'clock, forenoon, on still considerable scope for the worth of imports during the same

exporter in Great Britain."

reserve formed by the Argentine perlod.

Government. The claims of the The United States as usual Anglo-Perslan, which would obtained the lion's share of the appear to be strong, have been Philippine trade for the month ignored. The Argentine Govora under review, the import and export ment has committed itself to a trade with that country amounting policy of intensive oil develop the total. Of this sum, P20,905,862 for 1925 includes an appropriation represented the value of Philippine for an increased drilling campaign products that went to the United the construction of further storage States during that month and the tanks, and the purchase. of rest, imports from that country into another tank steamship. On its the Philippines..

oth operations in 1924 the Govora

have made

by June 8, 1925, To the Shureholders of the Peak Trimways Company, Limited."

Chertlemen,

The Directors now beg to submit

BRITISH SOAP.

"Not only is the soap consumed to you-Masir Repers and Stater in the United Kingdom lower in

pe . KONS. com of Accounts, for the year ended piice and higher in quality than to P29,425,893, or more than half ment by the State, The Budget

The total value of all modities of £36,500,000 was in excess of the figure for the Previous year by £1,500,000, this being attributed to the increase in supplies and the wholesale values | of all classes of produce, except One fact which emerges is that trésh-killed mutton and pork.

London's taste for mutton is i decreasing at the expense of beef.. Of the total supplies beef formed 55-2 per cent., mutton 27.8, and pork and bacon 10.5.

In 1913 the ratio of malton to beef was 3.9 per

cent, higher.

.

LESS BRITISH PRODUCE.

EIGHTY PER CENT. FROM ABROAD.

-

The Net Profit for the twelve moutlis, after deducting Directors" Peas and General Mangers' Remunera. which has to be Bom, nous to

her the

15-sh brought deward from last acepunt ...

that of any other country, but as a natural result the United King. dom enjoys a larger export trade in soap to neutral markets of the world that of the total exports of soap of any, other three nations $75,920-85added together," said Lord Lever.

With Great Britain, the Philip.ment claims to hulme at the annual meeting of pines overseas trade for April, surplus of three million pesos. Lever Brothers.

1925, was valued at P2,902,877, of This has probably counted against Speaking of the present high which P1.916.829 represented the Sir Charles Greenway, 9,7 taxation of Great Britain, he said value of exports. Trade with China Making available for

thar against this inequality the went over the two-million peso British taxpayer gained the ad-mark, but the Philippine exports. appropriatione

$85,001. 16vantage of the high standard of, for last month amounted to only a

exchange. British credit had been little over P500,000. The Directors Recommend And maintained, and of the two evils was true of the export trade with The same Dividend at the male of Hiper cent.high taxation or low rate of ex Japan, the products sent to that and a Poms of 5 per eont, lus paid change we had chosen wisely in country amounting to over P800,-| for the your absorbing $15,000. preferring high taxation. But, all ooo which was less than the in- Transfer Staaten, haras no Roserve the same, he added, British trade ports from the island empire. The. Fiddo and that the, Baliny of and commerce were staggering local trade with Japan for April, $ 20,000. 16 be revied on Profit and fos Account

new under this heavy burden.

1925, was P2,145,775.

DIRECTORS.

Statistics concerning the coltatry of origin of supplies show to what extent London's meat is derived During the year Mr. J: Scott from overseas. Of the aggregate Farston and Mr. A. B. Stewart, 104,843 tons came from Britain signed: their places being taken and Ireland, 224,866 tons from the by Ar. W. E. L. Shenton and Argentine, 90,972 tons from New. It. Me" Austin. Zealand and Australia, 50,878 tonsance with Rale 73 of thn. Compuny

In Record- from the Netherlands and other Articles of Association, the present countries; 7.794 tons were Can- adian and American killed, and embers. Fot. Sir Paul Chater, 1,167 were Canadian and Americanon. Hon Mr. A. O. Imag, Mr. K... MR. Mr. W. E. . Shen- port killed. All classes of British R. Mein Austin and Mr. A. S. productions aggregated 104.843 fibhav retire, but, being eligible, tons-an Increase compared with offer themselves for re-election, 1923 of 11,768 tons, or 126 per cent, but a decrease on 1913 of 15,695 tons, or 5.7 per cent. British

The accounts were audited by. supplies formed 21.8 per cent of Messrs. Towe. Bingham & Mat- the grand total supplies, against thews and Messra. Tinstead and 22.9 per cent. in 1913. British-bred Davis, who offer themselves for. meats aggregated 87,159 tons, anction. increase of 10,318 tons on 1923.-

How dependent the people of London, say 8,000,000 consumers, are upon 'the Central Markets for

BANQUE DE L'INDO-CHINE. their meat was shown by the

HEAD OFFICE:

quantity distributed through the markets during the year quantity

TRAÉDITORS.

LOCAL SHARE MARKET.

JUNE

Namen.

Bask

OFFICIAL QUOTATION. S

10:30 A.M

Stock Exchange

H.5.B.C. T.T. on selling rate

. London

731

and on Bhsugbal Hongkong Banks 12:0☐ London-£143 € /> Chartered Bank Mercantile Bank

do.

יי

P.&O. Bank.. East Asia Bank Marine Insurancos

Canton Insurance...

Chins Under Vid

North China Insuranda

E10-11 D.

£. b..

£13.1/8. h.

211.

· 97) ¤

b. A

1813. Dir "9

EXCHANGE.

Hongkong. 6th June 1916,

Bank. Wire...

On Lon~~

+

On demand

30 day's sight...

4 months right...3- Oredita 4 months sight...3/4-1

Documentary,

mouth sticht, 214-1

2

Credits, 4 month" sicht...1125

On demand...

THE BANK OF BAST ASIA. LIMITED

HEAD OFFICE: HONGKONG.

Authorized Capital: Paid-up Capital a Rolery Fund

DIRECTORS:

8,000

Hon. Mr. Chop Shou Son-Chaira, Fung Ping Shan Mok Ching Kong Li Koờn Chun Wong Yun Tong P. K. Kwok

Ng Ching Lak Kan Ting Po Fong Wal Ting Chan Ching Shell Every description of Banking and Exchange business transacted. Long granted on approved securities.

SAFE DEPOSIT BOXES to le

KAN TONG PO,

Chief Manager, Hongkong, 18th February, 1995.

NEDERLANDSCHE HANDEL

/MAATSCHAPPIJ.

-

(NETHERLANDS TRADING SOCIETY,)

Berammenta 1894.. HARMING BRANTH ESTABLIKK 1908

Authored fapital. 150,000.000 £13.500.00 Pa-Upda...G. 80,000,000 8.8 686,479 Rosary Fus...-G. 20,045,03 61,670,4

pola! Erres...G. 33,650,000 £1,988,

HEAD OFFICE:-Amsterdam. EASTERN HEAD OFFICE:-Entaria.

BRANCHES :-- Bandjermals Bandowng Celotts Djokkarta Padang Kota Rais

P

Botterdam

"Singapore

Cheribon

Bombe Djember

The Hagi Kobe Maomant Medan Palembang Peonlarga

Pontianak Kangooi.

Samarang Blingba Boerabaja Boerakarta. (Solo)

·Tillatla Weltevroden

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

M. J. HERBSCHLES

Agent

Hongkong, November 4, 1924.

司公理管業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINE

ETABLISSEMENT FRANCO CHINOIS.

(Incorporated in France).

5, Chater Road, Victoria, Hongkong. HEAD OFFICE: 74, Rue St. LazRYS, Pazin,

Subscribed Capital fully

Fr. 10,000,00

Fra. 10,790,000

Working fand provided by THE BANQUE INDUSTRIELLE DE CHINE.

Frs. 50,000,000.

BANKERS:

Societe Generale, Bang Nationale de Credit, Banque Paris et de Pays-Bas

London Midland Bank, Ltd.

Op Paris-

Da demand..

1:125

On demand...

BOT.

Opy New York--

On demand

•

Credita, 90 days" sehi

no Bombay--

JUNE. & Sharnbrokers dciation.

Wire

Ogd

domsad

18:

Bank.

Cha

Jalcutta

Wire

On dom

demand...

2/3)

On Singapore-

paid-up

971

Reserve Fund

☐ 1205

On Maalla

1. £21-1/2

On demand

1101

Da Shaughal

4

On demand...

BUM.

'days' sight (private paper)

b. 211

On Yokohama

D. 100

On demand...

124

Gold Leaf, 100 And (per sal) 47.59.

Paria:

750 n.

b. 750

1.95 b.

* 3.90's 4.

Sovereign (Bank's buying rate) 6.57 19flver (per )

T140 D

ช

140

Union InsuranI OR

*A5'

t 280

Yangtze Insurance

50 n.

Fire Insurances /

Chino Fire Insurance ...

200 b.

Rongkong Fire Insurance... 670 b. Shipping

b.

190 270

The earlier underwriting 40-

Douglance a H.K. Steamboat

0, 52

391

#38-1/2

1. j

Indo-Chinas (Prof.)

40.

(Deff.) (H.K. Rag.) Shall Transports... Star Ferries Water-boate Oriental Nav. Co.

39 v

100 B...

100 y.

전 중

81

++

17-1/4 n

171

258 71.

n 155

a 58

Malabon Sugar

51

Benguets

21 n

Kailan Mining Adm.

Co b

871.

Langkats...

Gomb. TM-1

A

Shanghai Loans

Paid-up Capital

Reserve Fund

T1285 b.

LONDON ASSURANCE.

MARINE INSURANCE RESULTS.

TH

sufficient to provide each week a counts of the year gave, it seems, 95, Boulevard Haussman, Paris. Bubscribed Capital Fra 12,000,000.00 mixed ration of beef, mutton, and a pretty good index of the state of Hongkong Tage and Lighter. 4. Fald-Up Capital.... Frs, 68,400,000.00 pork of 38.7oz per head, viz., beef affairs in marine insurance. The Fra. 50,667,293.54 22.9 oz, mutton 11.50z, and pork others are merely following on the BRANCHES:

Reserve Fund

Bangkok

Dattambang

Hongkong Meag

Canton

Djibout!

Bishong

Papeete Pakleg

Bako 'Hanoi

Nam

Poora-Peak Pondicherry BANKERS

430z; and how not only the public same track. Of those published in but meat traders rely upon over the last week or two the London Badgon Shanbal seas sources of supply, Colonial Assurance, it is true, transfers to Singapore and foreign, was further shown by proût an amount of £64.000, of Tintain

the fact that of the 38.7oz, the which under £40,000 was earned in Yunnanfs quantity of British-bred meats Interest on futids

marketed was just sufficient to in reserve only £1,000,000, against But that leaves form 750 per head, viz, beef premiums last

year totalling

IN FRANDE: Comptoir National d'ecompte Paris; Oredit Lyonnais; Banque de Paris Paya-Bar; Credit Industrie! Commerci

konte Generals

IN LONDON: The National Provínnial à

Union Beak of England, Ltd.; Comptoir National d'Escompte de Paris; Credit Lyonnal

IN NEW YORK: J. P. Morgan & 06, Ireach American Banking Corporation duaranty Trust Co. of New York.

interest allowed on Curram Accounts and Mixed Depoalts according to arrangol

Every description of Banking and Brahange Buszom tracted.

A. LECOT,

Manager. Hongkong, March, 20, 1924,

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

Capital (full paid-up).. Yes 100,000,000

· Reserve Fund

Yon 80,500,000 Head Office:YOKOHAMA,

Branches and Agencies at:

Batavis.

Bombay.

Buenos Ayres.

Calcutta

Changchun.

Dairen (Dalny).

Newchwang, New York Osaka. Peking. Rangoon. Rio de Janeiro,

Fengtien (Mukden). Saigon.

Hamburg.

Hankow. Harbin,

Honolulu.

Tal Yuen,

Hobe:

London

¡Los Angeles..

San Francisco,

Seattlo.

Shanghal Shimonnzaki. Singapore, Soerabaya. Sydney. Tientsin. Tokyo. Teinenfa

Lyons, Yanila. Nagnanki.

Tsingtau. Nagoya,

Vladivostock, Interest allowed on Current Accounta Deposits received for fixed periods at ates to be obtained on application.

C. ARIMA

Manager. Hongkong, 11th March, 1925,

Vedding ding

3.9 oz, mutton 202, and pork 1.6oz £1,122,000. The premium lacome weekly. The position the market of the London Assurance is holds as the principal medium for particularly high, since before the the sale and distribution of the war the annual premiums amount- world's surplus meat supplies is ed only to around £400,000 shown by the following table of imports of beef and mutton into the United Kingdom in 1924 and the proportion "handled at the market:

Foll Imports.

Tonk

Beef and veat 69,718, Hatton & lamb 255,179

110326

o ambitious. either as regards None of the other companies is premiums or transfers to proft, The Alliance Assurance have put their interest receipts of £45,000 10 Proportion Ration profit, and on a premium income

Marked. Par.

last year of £510,000 find their 1. 219,981 3 reserve a little less than at the end 43.2 of 1923 at £1,008,000. The Royal Exchange Assurance are keeping Total 49,408 3,30

36.3 their

interest receipts in the The value of the weekly list of underwriting account, and even so, retail prices, the issue of which on an increased premium income t was commenced last November, of £635,500, have only managed to is commented upon. The list increase their reserve by £40,000. (states the superintendent) forms It now stands at £792,100. The a price Indicator, not only for Lon- Phoenix Assurance is another doo, but other parts of the country. company writing over £1,000,000 It only embraces best quality in premiums. The account is meats-ewe mutton is not included remarkable for the depletion of and if the people pay more, then the reserve by over £400,000, they either lack the shopping or notwithstanding that the. first-year marketing sense, are indifferent, claims settlements for 1924 are or require extra services which rather lower than the average. justify the retailer charging higher The claims settled for previous prices. Sections of the retall trade, years, totalling nearly £900,000, who were critical, now help in a are very high, and, it would seem, task which is generally conceded another such year would seriously to be in the interests of all sections disturb the account.

of the public from producer to con- :

sumer. The issue of the retail list

should contlaus, for it affords the FIRST DIVIDEND SINCE 1912. public information, and any ap preciable fall'in wholesale values, or rise, as the case may be, can be adjusted weekly in favour of or against the bearer of all charges the consumer.

After going dividendless since August 1912, holders of the 6 per cent. Cumulative Preference shares of the La Piata Electric Tramways are at last to receive a small return on their investment, the company' now announcing the payment of 3 per cent.

The average of the wholesale prices of Scotch sides of beef, dur. ing 1924 was about 19-3 per cent above the average prices of other In December 1919 the Debenture classes of fresh killed beef, stockholders agreed to postpone Scotch and English mutton prices ment of the payment of £104ar, were lower than the year before, ¦ representlog idterest, outstanding with the advantage in favour of on January 1, 1920, until January 1, the former, and realised 13.4 per 1913, and Deferred Interest war- cent higher values than other rants were issued in respect of fresh motton supplies-mostly this amount o Datch 72.3 per cent more than New Zealand matton, and 100 per cent more than 3 mutton from Australia and Argentina. Scotch

Those warrants were paid off at their duto date, thus paving th way for a resumption of Preference, dividenda,

Refineries

China Sugar.

Mining

6'bal Explorations. T 6h,

Stugie Langhata

***

84/- b

-57 a

51,5

Raubs Tronoh Mines Locks Wharves, Godowns, ko

Ural Casp.

***

E. & K. Wharf H. & W. Dock Shanghai Rongkows

New Euginserings...

Shal Docks

H. K. Eazineeringa

1904 IIS. & * 100 m. Tot

b. 50

n. 23.

100

BM 174

bir

T129. 139-40 sa

15

... 144 m •Nov –

* 147

'b 90 Bl

n. B

b 10

E. 160

n 3-1/

11

ณ ปี 6. 18-178b

150 a.

Tands, Hotels & Buildings, H.K.4 S'hai Hotels Rongkong Lands H.E. Realty Humphreys Estatew Kowloon Lands Priasor Building HE Territorials... Rural Lands... Cotton Mills.

-

IN

El b'

10

T 10.80

T. 5.90 m.

27 57 m. Now TJ) s.

Two Cotton Mills, Ltd. Kang Yiks Lagu Kang

Mows. Oriental, sok. Ahanghai C

Cotton Yaortesspoos... Miscellaneone,

Canted Teas Cements

· 91 m. Kew 11. Contests "Combined 36-1/3-35.80 China Lights (Old)

".

7th b

do (Men) I. B. Định thu This Providente 15 2: How 14 m China Providents Combined 47 H.K, Developin

Dairy Face

Halk, Blockclos

Maono-do

Flouroux Arruecos

11.

Hongkong and Canton Joos

78'8 43 2.

12

Hongkong Rope... .18 .. New 10.30 Koper Dombinedio zam Pesk Tramways főld)min Ha Hongkong TramwaTERN

(Low)

Wm. Powells) sát Lane Crawlords HE. Penaleeślon Nanyang Toboo0

H.K.

-m..

. 80 Now 23 p.

fo 18-1/9 Naw 1. §

"(Comb. 1. 27 na 283

a. 72)

(low n. 30 Comḥ sa 31)

u. 144 New 15) n

Comb,

48-11,

b. 60 Dentis

b. 104

[m+17-1/9 Naw 10 mi

16-10

*

811 SUBSIDIANY OSTWB. Hongkong 50 oente sab,... 2. I die.

10 "

11% dis Canton colus Bar Silver in Hongkong 9% pm.

--326 X, db. Oblaese Copper Cash... 10% pm. Chiners Copper Cents 6% pm. Rate of Nativa Interest Tot Obiness Sah. Coln - 32} %% dis Bongkong Sah. Oota....

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential:

Mandate of the Republic of China on the 22nd of November, 1917).

Authorised Capital... $60,000,000.00

$18,278,600,00 $9,629,426

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 world.. London Baakers: The National Provis cial and Union Bank of England, Ltd. The Guaranty Trust Company of New

York

New York Bankers:-The Irving

National Bank.

The Equitable Trust Company of Nru

Tork.

New York: Irving Bank Columbia Traię

Co.

Every description of Banking and Exchange Business transacted. Cours spondents throughout the world.

M. FITZ-HENRY.

Manager

Hongkong, 18th February, 1925,

THE BANK OF TAIWAN, LTTL' (Taiwan Ginko.)

Incorporated by Special Imperial Charter, 1899.

Capital Bubscribed

Capital (Paid-up)

Reserve Fund

Yen 60,000,000 Yan, 52,500,00 Yen 12,980,00

HEAD OFFICE: TAIPER, FORMOSA,

BRANCHES:

Yokolisme,

Kobe

JAPAN-Tokyo,

Osaka FORMOSA Gran, Kagi Karenke,

Koolung, Makung, Nanto, Pina Shirchiku, Taichu, Tainan, Takow. Tamara Tohyen, Alo CHINA. Shanghai," Hankow, Amoy. OTHERS.-Bangkok, Hongkong, Singa Foochew, Swatow, Canton.

pore, Boerabaya, Samarang, Batavis, Bombay, London, New York, Calcutta.

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

The Bank has Ocrregandente in the Commola Centres in the Espena

B. India,

Interest allowed on Current Account sheria za tao, Japan, Tudo Bears Mi

and Fixed Deposits. Terms on applica tion.

Every description of Banking Boat ness transacted.

Loans granted on approved securities. Special facilities for Home Exchangs

TSUYER PEL Manager.

Pally plas flora and Date Indes, Amat-

Azaria, atrize, do, Indore Allowed on Current ADVOKATE, and Fixed tion.

beat rates which will be gasted on applian

Z. YAMAMOTO, Manager. HONGKONG BRANCH:

3, Des Vaux Road Central, Hongkong, 5th June, 1924

TWO DESIRABLE DWELLING HOUSES

For Prompt Disposal

House No. 12. Detached. Two minutes from sea, tennis court, delightful situation, good. bathing Excellent views of Harbour. Price. $40,000, $30,000 mortgage, essy terms available, cash necessary only $10,000,"

These unusually favourable terms offered as owner is going Home and does not desire bother.. of collecting rent from tenants.

House No. 18. On Pask; five minutes from Peak Station Five Rooms; servants' quarters a at back $16,000 for Immediate disposal,st Splendid situation.

Sharea lots we buy and sell.

STORS