1925-06-12 — Page 2

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HONGKONG & SHANGHAI

BANKING CORPORATION.

HEAD OFFICE: HONGKONG,

AUTHORISED CAPITAL.............. $50,000,000 (SSUED AND FULLY PAID UP $20,000,000 ESERVE FUNDS -

STEBLING... 4,500,000 SILTER...... 828,500,000 BEERVO NAFILITY OF

PROPRIXTURY......

$20,000,000

CHIEF MANAGER:

A. H. BARLOW, Esq.

COMMERCE AND FINANCE.

CUNARD LINE.

AMERICAN EXPRESS SERVICE.

The experiment of the Cunard Line of so arranging their time: table that the incoming mail-ships can call at Plymouth, Cherbourg, COURT OF DIRECTORS: G. M. Young, Esq.-Chairman.

and Southampton all in the one White, Ex-Daputy Chairman. day certainly seems a success as far W. H. Bell, Fay

Hoo, M7, 4.11 Lane, as it has gone, judging from the DQ.M. Farmari, Fag. W. Patienten, first few sailings only. But this A. H. Compton, Esq. I. A. Plummer. Eq. Hon. Mr. P.H. Holyoak. T. (7. Well, Kaq.

promise only holds good in the winter, when ships travelling by the short route can fit in the call's conveniently and still land their passengers in London or Paris at Manager: Shangbal~0, H. STITT, a reasonable hour. When they have to go farther south on account of LONDON, BANKERS. Westminster Bank, Ltd,

icebergs, however, it will be found that this does not apply.

Unfortunately, it is just this CURRENT ACCOUNTS opened in

TS opened in summer season that the first call in. LOCAL CURRENCY DEPOSITS received for one year or England wanted, as many arter periods in Local Currency and people complain that the Cher Beling on tarma wash will be quoted, bourg call coming first persuades be application.

many American visitors to see France before they come on to

Hongkong, May 20, 1718.

COTTON,

American colton

THE CHINA MAIL.

May 6.

JAPAN'S BANK DEFECTS.

CO-OPERATION AMONG BANKERS ESSENTIAL TO GOOD BUSINESS,

Yukinari Aoshino,

the victims of fraud.

FRIDAY, JUNE 12, 1925,

LIVING COSTS.

SYMPTOMS OF INFLATION.

Bays the

THE BANK OF EAST ASIA,

LIMITED.

HEAD OFFICE: HONGKONG

Authorized Capital .$10,000,00 -Paid-up Capital

5,000,00 -Reserva Fund ......... 1,000,00

DIRECTORS: Hon. Mr. Cbow Shou Son-Chairman Fung Ping Shan Mok Ching Kong Li Koon Chun P. L. Kwok

Ng Ching Lak

Wong Yun Tong Huyuh Tai

Kan Ying Po Pong Wa Ting Chan Ching Shel Every description of Banking Exchange business transacted.

SAFE DEPOSIT BOXES to all

XAN TONG PO,

Chief Manages. Hongkong, 16th February, 1928.

ion, that banko should arrange to exelninge communication among themselves regarding mutual cus- tomers credit and other necessary qualifications: This method will The post-of-living figure, which arble bankers to conduct their indicates the purchasing power of MANCHESTER MARKET REPORT Director of the Kashing Bank, infiable information, placing them in appreciably during the month of Managing business upon the strength of re- our money, is shown to have fallen the Taiyo (Sun) states:

The bankers of Japan have many position to aced their customers March. On February 25 it was 07: defects and shortcomings. It is every possible and reasonable per cent, above pre-war; on April been unsettled, but infi ences of a thein out one by oue, I only in and will prevent bankers from being "Daily Chronicle."

prices have not my present purpose to point fuelty in business transactions, 1 it was 78 per cont.; weakening character have pretend to tree out the origin of the tomers worry hankers by deception. egge and milk counts for something dominated at the close of the week defects, shortcomings and errors. They are certainly blameworthy, in this, we are probably justified in and values have lost more ground. connected with the bunking bust the bankers are also responsible assigning a delinite infence to the granted on approved securities.

Many cup- "Though seasonal cheapening of} The report of Messrs J. F. Hutton news with a view to certifying for their own neglect. Close con- ruising of the Bank Rate. The and Co., Ltd.,'s weekly statistics them. shewing that the visible supply of American has decreased by 222,000 banka, which is liable to occasione business would save bankers was that, apart from any question The principal cause is too many and efficient co-ordination in Justification of that criticised step bales on the week to 2,969,000 bales umuccessary composition. In con against a reduction of only 83,000 sequence, various forms of visious-

from: dishonest customers.

of the American exchange, com- bales to 1,882,00 bales last year ness have resuited. I bold that the business is, briefly stated, to be steadily rising in this country, i... The improvement of the banking modity price, were slowly but attracted bullish support. Trade amalgamation of numerous small accomplished by establishing effec- the purchasing power of money demand has also been more active banks on a comprehensive scale asive co-operation among bankers was falling, At Liverpool spot sales have the most commendable means for against fraudulent customers lest revival of Continental buying news. The Fine authorities are Increased substantially owing to a the preventics of further vicious they be plented and by arranging initial symptoms of inflation. The Speculative selling has, however, fully aware of the advisability of

for mutual support in case of using of the Bank Rate was cal proved factors owing to generally favour

culated to correct them, and ap- stronger than these this plan, but its realisation is by able crop news. It is believed,

pears to have done so. But the indeed, that a fairly extensive

process needs careful watching thorin apital d. 180,000,000 £11 500,00 lest it go too far. short interest has been created

With trade na Pasay CaptaG, 80,000,000 5666,675 If this is the case it may prove to be'a strong influence in a reversal outlook or trading demand. she

no means easy.

asked whether the improvement of The question will naturally ba

cessity.

HONGKONG SAVINGS BANK Paris and spent very much less in of sentiment should either the crop would rather say that, if the bankers abroad.

business of the above Bank in Donducted by the HONGKONG AND SHANGHAI BANKING COR PORATION. Rules may be obtained

be the case.

апу unexpected

England, with the result that they have done all their shopping in this country than would otherwise

In the meantime we have got a has the present situation very considerably accelerated mail service between London and New York, and that is something to be INTEREST on dopoeite la calculator grateful for. Before the war the on the lowest balance during each com-Germans learnt that the extra half- pleted Calendar Month at 33 per cent, knot could be just as troublesome per annum. Should there be to balances it could be advantageous, on any day in a month no interest will

on application.

ba silowod for that month.

Depositors may transfer at their option Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT CURRENT RATES.

t

SAIGON RICE.

LATEST MARKET REPORT.

"In other words, there were the

12

RUSSIAN.

EXCHANGE.

NEDERLANDSCHE. HANDEL

MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY.)

BARLISHED 1994. Hurskem BraNEN ÖNTAJELIEIn 1906

Bother

HEAD OFFICE:—Amsterdam EASTERN HEAD OFFICE →→ I'atarik

BRANCHES Bandjerin Barloung

lealle Djokjakarta Both: Radia Pademy

Tagal Rotterdam Alagspar

Üheribon Djember The Hague Kobe

Macar

Palembang

Patina

Hamarang

Boera bain

Thilafor

Medan

Pecalor gam

Kangoo Sumb

Koenarts (Bole)

We'terreden

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

M. J. HERBSCHLE

Agent,

Hongkong, November 4, 1924

GOLD SHIPMENTS.

negative reply to blus question Great War, the bank resumed the policy.

London, April 30-For the first it is, we are in no position to om-Res Fond G... 20,046,023 2 1,870/4 would be a mistake. As for me, I publication of shipments of gold the bank organisation is impossible, the since the outbreak of the back on an ative deflationary petal Rare...G, 22,800,000 £1,998,300

be fully alive, to the necessity of which was posted on the board.. To-day's anouncement, development,

hasta confidence and co-operation, shows £297,000 worth of bar gold already been discounted by a fall improvement of conditions and the was drawn, of which £231,000 was of

"Gosmedtorgprom." is the name of 11⁄2d per lb. Egyptian prices clification of errors are possible, for Switzerland, £12,000 for Hol-gistered at

new Russian company re- have been firmer. In the Man even if the organisation remains na

Somerset House as land. and £4.000 for Egypt. chester market there has been a

having established a place of busi fair volume of enquiry of a very glaring errors is that bankers are

it is at present. One of the most signs were taken out of which for the production of chemical One hundred thousand sover- ness in England. It is established varied nature, but the

easter utterly ignorant of the credit of 87,000 were for India. 10.000 for and other tendency of colton values has their customers, and that they thus Switzerland, and 3,000 for Hollard has a nominal capital of 7,000,000 preparations and effectively checked enterprise on advance funds to business mon of the part of most buyers.

roubles, or about £700,000. A. doubtful credit. moderate

At present, a turnover, composed business man has connections with THE NEED IS VERY URGENT. almost wholly of small lines, has several banks. been arranged, but the larger a condition prevails Bankers will As long as much lots which

An attack of dysentery often results negotiation are apparently held up the credit of their customers.

have been under not be in a position to ascertaining water, or sudden changes in weather from indigestible food, polluted drik- pending some further indication as to the course of values. In American yarns there has been an improved demand for fine and also coarse cou ts; prices are irregular and 4d to 4d, per lb. lower. For Egyptians there has been a fairly Some small business is reported good enquiry THE CHARTERED BANK OFith Japan, and there has been have INDIA, AUSTRALIA & CHINA. enquiry from Tonquin and Yun-prices are Id per lb. down. but transactions been disappointing and The French market being India has bought some good overstocked, there is no enquiry lots of dhooties, also shirtings, for rice or brokens,

light whites and miscellaneous styles, and enquiry for the finer makes has been more in evidence. For China a few shirtings and dyed goods have been sold. A moderate business has axranged for the Near East and been Africa. The Home trade, Persia and South America have also bought sundry styles.

For the HoxexONG & SHANGHAI BANKING CONTONATION,

A. HBARLOW,

Chief Manager. Hongkong 7th January, 1925.

INCORPORATED BY ROYAL CHARTER, 1858.

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

.£8,000,000 £4,000,000

£8,000,000 FOREIGN EXCHANGE and General Banking business transacted.

Reserve Liability of Pro-

prietors

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year a shorter period at rates which will be rooted on application.

A. K. FERGUSON, Manager.

Hongkong, April 15, 1926.

HEAD OFFICE:

The Compagnie De Commerce and Da Navigation D'Extreme Orient, in their report dated June 2, state

Market. The paddy supply is still very poor and the tone of our market is very firm with an upward tendency.

nan.

The total amount of rice export ed from January 1 to May 15 is 607.580,627 tons against 603,355.330 in 1924 We quote to day White Saigon rice No. 2, sifted, Japan quality, Hongkong. $6 65 per picul Fob Saizon $14-11 per picui Fob Saigon. Yens: 899 per plcul Fob Saigon for June, fulý shipment.

FREIGHT FALL.

SYDNEY HOUSING,

THE HOME ENDOWMENT LTD. The general level of British

Early in 1923 the demand for shipping freights fell in March to houses for home became most! BANQUE DE L'INDO-CHINE. the lowest point touched since acute, and the Government of

August, 1923, according to Chamber of

the every state in Australla strained Shipping index itself to make funds available for Statist." The March index, number published by The building purposes. Most bulidings 26.08, Is 935 per cent lower than tuttons seeking a safe investment at were erected by big financial insti for February, and 18 86 per cent for their funds. Hundreds of . lower than for March, 1924: The bungalows could be built for the time charter rate, in "which a fall cost of one city block. Athis of 437 per cent was recorded in time Home Endowment Limited. February, fell another 156 per was formed, and "for over 13 cent in March. Freights are now months experts were engaged prob. virtually at the pre-war level, afifing and verifying its soundness. the average for 1913 is taken at lo New South Wales actuaries,

96, Boulevard Haussman, Paris. #nhacribed Capital. Fr. 72,000,000.00 Fald-Up Capital. Fr. 65,100,000.00 Barve Fund

Fra. 59,887,288.54 BRANCHES: Βαρκότερ

kok Battambang

Canton

boat! Hipbong Trierw

Morgies Noam

Papeete

Paktag

Paom-Penn

Pondicherry *BANKERS:

Afgroes Shanghal Singapore Titeln __Turane.

Yumanfu

100, the average for March, 1925 accountants, solicitors, and birris is 105.5. Virtually all routesters, each in his own province contributed to the March decllos, examined It and reported.

All

IN FRANCE: Comptoir National d'Escompte Paris; Oradie Lyonnais; Banque de Paris Pays-Bas; Credit Industrial & Commercial Ančtete Genevals.

IN LONDON: The National Provizalal & Usion Bank of England, Ltd.; Comptoir National d'Escompte de Paris, Credit Lyonnais

IN NEW YORK: J. P. Margus & Otinent, Australia to United King-principles were applied, and the franch American Banking Coronation;

arty Trust Co. of New York.

dom, Argentine, Uraguay, &c. to result is that Home Endowment United States to United Kingdom every small man to become the United Kingdom-Continent, and Limited has made it possible for Eroups.

owner of his own home. The directorate includes Sir Arthur Rickard and Sir Arthur Cocks, the State Treasurer,

the heaviest falls occurring in the known weaknesses of previous Red Sea, Arabia, and India group, methods of financing homes were Java to United Kingdom-Con- eliminated and now and approved

fasarest allowed on Current Accounts and Find Deposits socording to arrangement.

Every deanription of Banking and Exchange Distracted

A. LECOT,

Manager. Hongkong, March 20, 1924.

THE YOKOHAMA SPECIE BANK, LTD.

Established 1880. Capital (full paid-up).. Yer 100,000,000 Reserve Fund. Yen: 80,500,000

Head Ofice:-YOKOHAMA, Branches and Agencies at:.

Newchwang New York. Osaka.

Batavin.

:

Bombay.

Manos Ayres,

Calcutta,

Changchun.

Dairen (Dalny).

Hamburg,

Fengtion (Mukden).

Mankow.

Marbin

Mamolnin.

Lobe...

London

Los Angeles.

Lyons.

Mandia

Vargya

Peking.

Rangoon

Rio de Janeiro, Saigon. Ean Francisco. Seattle. Slangbal

Shimonosel Bingapore. Босгавну Sydney. Tientain. Tokyo. Tsinanfa. Taingtau Vladivostock

Intereat allowed on Current Accounts, Deposits received for fixed periode at tee to be obtained on application.

CARIMA

Madagar.

Hongkong, 11th March, 1985

ceper, & Wedding Mingi

LTE

the Dology 28 WINDSOR BROS: Bob Nathan Road, Loisloan

on

تين

SMYRNA CLAIMS.

INSURANCE COMPANY WIKS.

enormous

IDLE SHIPPING.

Quarterly returns of the amount of shipping laid up idle at the principal ports of Great Britain and Ireland on April 1, compiled by the Chamber of Shipping, show that as compared with January 1, last, there was a decrease of 95,190

London, May 2.-The test case tons net, or 10.5 per cent; and com

which depends pared with a year ago a decrease claims against various Insurance of 17.303 tons, or 42 per cent ican Tobacco Company against the companies, brought by the Amer- The ports at which there have been Guardian Assurance Company, the largest decreases as compared with the beginning of the year are:

was decided in the Court of Bristol, with a decline of 12,000 Appeal yesterday against the tong; Cardiff, 13.000 tons; Liver American Tobacco Company. The pool, 46.200 tons; London Docks. the result of loss sustained in the company sued to recover £168,000, 36,800 tons; and Glasgow, 14.500 destruction of Smyrna on Septem- tons, On the other hand, increases are recorded at Dartmouth, 4,000 ber 19, 1922, when the Turks tons; Hull, 6,000 tons; London evicted the Greeks. River, 7,000 tons; Manchester, 6,000 tons; Newcastle, 13,000 tons aad Southampton, 8,750 tons. The total for English ports has decross* ed by 63,800 tons net; that for Scottish ports by 25,600 tons; and that for Irish ports by S.800 tons

not

RUSSIA'S INCOME.

A "Russian economist, Mr. Popov, estimates the country's national income for the last year. at~~13,500,000,000 nibles. The sources of this revenue, according 40-Mr-Popov, are as follows: Agriculture, 5,700,000,000 rubles: large scale fodustrial production 2,603,000,000 rubles, home trades and Industries: 1,900,000 ndo rables; doment and foreign trade turn, over, z400,000,000 rubles; trROR portation, 894,000,000 rubles.

The insurers refused payment Incurred were war risks, and not on the ground that the losses ordinary fire risks. The total Smyron losses were estimated at £20,000,000, of which a consider. Bre risks, which are now held to able percentage was covered by be vold. The present decision confirms the decisions already rendered by the French and Italian courts,

OFF FOR THE SUMMER...

VACATIONE

First in the suramer vacation kit, put Diarrhoeamedy Inv

battle of Chamberlain's Colle and anddan and werero baina i and, bowels, cramps and

atornach

hite bat bent need. THE Trion for a sinala:does, Boid.

sak: energency, medi

extend uniform treatment to all It is desirable that bankers should enstomers, but this is not prac cable. I suggest in this connect

home, every traveller's bag, every or climate. Chamberlain's. Colic and Diarrhoea, Remedy should be to every

dependable in emergencies at home or vacation kit. A valuable medicine, when travelling. For sale everywhere,

LOCAL SHARE MARKET,

NATOOS

QUOTATIONS.

OFFICIAL

10.30 AL

JUNE 19.

Stack Exchange

Bank

H.8.B.C. T.T. on selling rate

London

200

9/81 71%

and on Shanghai Hongkong Banks 1800 sa London-2137 ̧¤ Chartered Bank

20-1/6 D Mercantile Bank A B 290-19 b..

do...

£13-1/8 h

F. & O. Bank,

H

Heat Asia Bank Marine InsaraROGE Canton Insuranos... Obina Undira

--

North Chins Insurance

Fire Insurances

Union Insuranc Yangtze Insurance

Dougla

(Dol.) (E.K. Reg.) Shell Transports- Star Ferrion Water-boats Oriental Nat. Co. Refineries

Calan Bugar

Malabon Bugar Mining

Hongkong, 18th June 1915. On 'London-

On Paris-

On demand...

Bank, Wire.

多多

9/98/10

29

30 day's sight...

.

4 months, slabs -13-4

Credits. 4 month wet 3/4 ~.

Documentary, 4 months sighi R/4-1.

On demand

com.

Oredite, monthy sight

On demand...

--- Hom

On New York-

On demand

Grudite, 80 days' right

On Bombay

JUNE 13.

Wire

On demand

you

130

Bank.

2/31

711

1990

21-12

b. "&" £394

b. "40"

b. 2111

n. 100

Sharebrokers' Amodation,

b. 750

On Calcutta

Wire

On demand.n On Singapore

On demand.

On Manila

Ouderende

On Stanghal-

Du demand

16

M

+

200

27

20 days' dight (prívaka papár)

On Tokoham

1101

*HOW

的公理管槳實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DĚ UHINE.

ETABLISSEMENT FRANCO OHINOIA.

(Incorporated in France).

5; Chater Road, Victoria, Hongko

· BEAD OFFICE: 74, Rue St. Lazama, Paris,

Subscribed Capital fully

paid-up... Reservs Fund

Frz. 10,000.0

FIN. 10,798,

Working fand provided by THE BANQUE INDUSTRIELA DE CHINER

Paris

On demand

138

Gold Leaf, 100 fine (per taal)

47.20

Sovereigns (Bank's buying rate) 8.57 Silver (per os.).

* .-31.11/16 SUBSIDIARY OFFENH.

| Hongkong 60, onczia ash, ..... 9 % dia.

Bar Blver in Hongkong

10

"

B

Jj X dh

Canton ookna

pal

Chinese Copper Cath ...

10% p

Chinese Copper Cent

34% dis

par.

Frs. 50,000,000,

BANKERS:

Spalate

Generale, Bang

Nationale de Credit

Paris et des Pays-Bas

Banque

London: Midland Bank, Ltd. New York: Irving Bank Columbia Irmių“

Co.

Every description of Banking at Exchange Business transacted, Come spondents throughout the world.

M, FITZ-HENEY.

Manager Hongkong, 18th February, 1928.

Rate of Native Intern #117% out THE BANK OF TAIWAN, LTD, Chinese Bub, Dofa

Aongkong. Bub. Cola....

THE BANK OF OHINA 行銀國中

(Specially Authorised by Presidential

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

.....

97 a

750

si b. 470 4

za 4.60-62

TI40 D

1. 140

188 b. & a.

b 181 5 258

b. 50

China Fire Insurano .. Hongkong Fire Insurance.

900 b.

b. 190

870 b.

b. 870

Shipping

Sp

A.K. Bimbosta Hongkong Tugs and Lighter Indo-Obinas (Prof.)

38 o

b34-19

38 *.

DA.. 18

do.

90 €

.do.

918

17:14 D

17

215.

D 155

54 a

nkti.

IH

DI B

10-h Comb, T16-1/2 m

55%

Paid-up Capital

Reserve Fund

b 16

T&n.

T1288 11

16-b

Dseks, Wharves, Godowne,' &o.

H. & K. Wharfs

[4.

[91 b

190-1

H. & W. Doch

tld D.

= 114

Boogkews...

* 200 a.

Tel a

b9

Shal Dooks

T 128 b.

n 110

Hongkong Landa

13.10 New-

88-1/9

Humphrey Kat heti - 200

18-18 b

Kowloon Lands

Princes Building

-150

H.K. forritoriale

#b

Haral Landss

10.

IM

Benguets Kailan Mining Adm” Laughsto... Shanghal Loans Bas Explorations Stogle Laogista Radbe

Troach Miner

Ural Casp.

Now

F. K. Razibeeriagy

Lands, Hotels & Buildings.

H.Khal Hotel

H.&. Realty.

Gotten Wills.

Ewa Cotton Mills, Ltd. 7 Kong Yike Los Kung Mows Orient

Miscellaneous,"

Shanghal Cotton ... Yangheadpool. Capton loos

5137 x 34 au 12.30

A sa 10

. 180

6.2.19

a 10.10

u. 57 New 81 0.

_7-1/9 b.

I ́L- How 9.

"Combined China Lights (Old); #13 n.°

do (New) 10 b Comb 321 h 334 m. China Provideeria 15 a Row 14 n. Chias Providentu Dona binad ́ ́47 m. E. Derplopments

2. BO- Corrin Dairy

Maoso do

791

XI b

Hongkong Amasovals Boogkong and Canton In Hongkong Bope 18 New 10.50 a hopes Comblaadise) pa me $7 Bangkong Tramwayin zes: 40 m. Pask Trazoways toldy,

Was Pow

B.K. Ocas

18) . N9D „Comb, b_17) in 20

Wer 30. Como ₺ 37i sx31.00

Ubab, 48-7,2 5. 60 Cents

b: 101

b. 71

a 17-1 New 10 n°

b. 31

Authorised Capital... 180,000,000.00

$18,278,600.00 9,429,ASIN

HEAD OFFICE: FEKING,

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 Bankers:-The National Provia cial and Union Bank of England, Ltd. The Guaranty Trust Company of New

Tork

New York Bankars: The Irving

National Bank

The Equitable. Trust Company of New

York

Interest allowed on Current Accounts and Fixed Deposita. Terms on applica tion.

(Taiwan Ginko.).

Incorporated by Special Imperial

Charter, 1889.

Capital Subscribed

Capital (Paid-up)

Reserve Fund

Yen 60,000,000

Yon 52,500,00

Yen 12,980,000

HEAD OFFICE: TAIPER, FORMOSA.

BRANCHES:

JAPAN-Tokyo, Yokohama,

Osaka

FORMOSA-Giran, Kagi, KarES,

Keelung, Makung, Nanto, Pina Shinehika, Talchu, Tainan, Takow, Tameni, Tohyen, Ako. CHINA-Shanghai, Hankow, Amors OTHERS.-Bangkok, Hongkong, Sings- Foochow, Swatow, Canton. pore, Soerabaya, Samara Batavia, Bombay, London, New York, Calcutta.

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

The Back has Oprimpsudeste in the Cour Dension in the Europa Continent, Beau Mai obarin Teingias, Japan, Indo-China, au, Jodia, Philippine Lande, fars, and Dutch Indies, Á KAC- zallarin, Africa, do

100

Z. TAKAMOTO, Manager..

Later allowed on Carmat&Domanís, and Prod Every description of Banking Bases which will be quoted on applian ness transacted.

Loans granted on approved securities. Special facilities for Home Exchange

TSUYLE FEL

Manager.

HONGKONG BRANCH:

8, Des Voeux Road Central Hongkong, 6th June, 1924.

TWO DESIRABLE DWELLING HOUSES For Prompt Disposal

House No. 12. Detached, Two minutes from sea, tennis court, delightful situation, gooi bathing Excellent views of Haroon. Pice $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 ollecting rent from tenants.

House No. 18. On Park, five minutes from în Feak Station Five Rooms; servants' quarters at back $15,000 or immediate disposal Bplendid situation.

Shares suy lots we buy and sell.

SMALL INVESTORS

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