1925-06-16 — Page 2

Page

HO

JONGKONG & SHANGHAI,

BANKING CORPORATION,

HRAD OFFICH HONGKONG,

Authorised Casal....... $50,000,000 (B9ULD AND FULLY FAID UP 840,000,000 RESERVE FUNDS →→→→

STERLING... £4,500,000 SILVER.... 826,300,000

RESERVE LIABILITY OF 220,000,000

ProfkIRTÓKS..........

COURT OF DIRECTORS: G. M. Young, Esq-Chairman.

P. White, Esq.-Deputy Chairman.

Hon. Mr... Lang

COMMERCE AND FINANCE.

GRAVE TRADE OUTLOOK.

SIR R. HORNE ON THE COUNTRY'S ONLY HOPE."

He had always been an optimist, said Sr Robert Horne, &.C., MP., speaking at Reading, but to-day it seemed to him that we had arrived at a period when it would be folly if we did not face the facts, D. G.M. tornard, Fuj | W. 1. Pattenden, Eaqhowever unpleasant they might AX. Compton, B. A. Plomur. Eq. Elcan P., Holyoak! T. G. Well, Esq.

bo. Looking at some of the staple industries of the country, he could find no glimmer of light.

W. H. Bell, Esq.

CHIEF MANAGER:

A. H. BARLOW. Esq.

Over the whole field of the great coal industry, he continued, there Manager: Shangbai-G. H. STITT, Esq. was no factor which gave reason to hope that there was going to be any immediate revival of pro- sperity, I, the steel trade the situation was becoming worse instead of better. In regard to

LONDON BANKERS, Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENOY and FIXED

£10,000,000 LOAN PLAN,

WHAT EAST AFRICA NEEDS

FOR TRANSPORT.

THE CHINA MAIL.

A £10,000,000 Government guar. anteed loan for the development of transport in East Africa is the outstanding recommendation of Africa Commission, the East whose report has been issued,

The Commission. consisting of three members of Parliament, Mr. W. Ormsby Gore, M.P. (Consor vative), chairman; Mr. P. C. Linfield (Liberal), and Major A. G. Church (Labour), spent three months in the various territories last year. They consider that the further economic development of both native and non-native pro- duction is dependent on the carly provision of increased transport new railway construction.

EASTERN TELEGRAPH CO.

MR. J. C. DENISON-PENDER TO BE VICE-CHAIRMAN..

An

1

CONTRACTS WE LOSE.

TAX THE VESSELS ORDERED

ABHOAD."

TUESDAY, JUNE 16, 1925, 1

COPKA DEMAND.

REACTION IN MARKET NOTED AS SUPPLY DIMINISHES.

A reaction in the wholesale.

interesting appointment A novel suggestion for stimulating which has just been made by the British shipbuilding and shipping copra market in Manila as reflected E stora Telegraph Co., is reported industries was made at Jarrow by the renewed demand in the by the China Express and Tele the launching of a collier for the United States for coconut oil, with the approaching graph" Mr. J. C. Denison-Fender, South Metropolitan Gas Co. by Mr. coupled

rainy season when copra drying in addition to being joint manager G. F. Malhorion. He said: of the Eastern Telegraph Co, hasThere are many reasons why by sun will be a slow and tedious foreign shipbuilders should under-process, is expected to come at any became its Vice-Chairman as well as Vice-Chairman of the Easterneut British builders, but the way time, according to the markets Extension Australasia and China the Government allows British section of the bureau of commerce

and industry. Telegraph Co., of which he is mousy to go abroad while British already a director.

workmen are starving is another The son of the present chairman

question. grandson of the company and of Sir John Pender, one of the ploneers of the cable industry, to whose firm belief in the future of the submarine telegraph, this country owes its pre-eminence in the underseas communications of the globe, Mr. J. C. Denison Pender may be sald to have been born for the exalted

now holds. position he

He

DEPOSITS received for one year or shipbuilding, everyone knew of facilities, and, in particular, on first saw the light in 1882, and

orter periods In Local Currency and tealing on terms which will be quoted pm application.

Hongkong, May 20, 1315.

the great orders which had been going to shipyards in Holland and Germany instead of to British ship yards. A friend of his, who had just returned from Holland, told him of one particular yard in which ten ships were being built, nine of them for British owners. (Shame.) "Only last week." said Sir THE business of the above in

conducted by the HONG Robert," my services were sought AND SHANGHAI SANKIMy two very large and important PORATION. Rules inny ni shipbuilders in this country to try

HONGKONG SAVINGS BANK.

on application.

18

INTEREST on deposits ia calentar on the lowast balance during each can pleted Calendar Month at 34 per ces por annum. Should there by no blanc on any day in a month an interest wil. be allowed for that month.

They, therefore, propose a Bill, authorising the issue of a loan for the amount stated,

The demand made on the British taxpayer would, it is argued, be more than counter-balanced by indirect benefits of increased trade and production within the Empire. Approximately half the capital sum would be spent in Great Britain on rails, bridging material,

rolling stock, etc.

is the third generation of his family to be virtually at the head of the

Great Eastern group of cable companies. Educated at Eton, It is to his credit that he is gifted with practical knowledge, begin ning from the lowest rung, which men enjoying such early few advantages can boast

He joined the Eastern Co. as a

telegraphists' hard school in the

We have no steel?

i'

Copra and coconut oil, both in domestic and foreign trading, have continued weak and featureless.

is

THE BANK OF EAST ASIA. LIMITED.

HEAD OFFICE: HONGKONG

Authorized Capital;.

Paid-up Capital- Reserve Fund

DIRECTORS::

5,000,0 1,000,000

Hon. Mr. Chow Shou Son-Chairmzidir.

Fung Ping Shan Muk Ching Kong

Li Koon Chun

P. K. Kwok

Ng Ching Lak

Pong Wai Ting

Wong Yun Toner

Huyuh Tai

Kan Ying Po

Chori Ching Shop Every description of Banking an Exchange business transacted. Lost granted on approved accurities.

SAFE DEPOSIT, BOXES to Is

HÀN TONG P.

Chief Managas, Hongkong, 18th February, 1926.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY,)

Keraminen 1824.

HONGIDA BRANOM SHFARLIENKO 1900

uthorized ́apital 1.150,000,000 £1$ 500,000 Paid-up Capital... 80,000,000 £3,660,670 Reserve Faud G. 20,044,032 € 1,070.415 Special Reserves... 2,000,000 £1,288,820

"In my opinion it is a question little attention being given by whether import duties should not local producers and dealers.

Now be imposed on "ships built abroad

that the demand rather than allow money to go on growing again, values of copra contracts abroad which could do so and coconut oil will naturally much, good at home. "It may strike increase, it is explained. Re- from New York stated the German mind that if they were ports to spend £60,000,000 a year they that, American soap. men have could ruin the industries of this just entered the market for coconut country.

oil, despite the campaign to dis- "That is a serious matter in the tradit coconut products in the life of the nation, as it trouble western states. This change in happens again where will we be if the oil market, it was observed, I have been a has had favourable reflection in the Co-operating for the development "heart bleed to see my shipbuilder for 50 years, and it local coconut oil and copra trading. I look of the coconut industry in the islands, W. L. Brooke, chemist of workmen unable to work. on them practically as my children."'

the bureau of science, has recently, Bandjermasin Bandoveg Boplus Mr. Frank Jones, president of the determined in a study made at Calcutta Metropolitan Gas Co., said it was Nagcarlan, Laguna, the weights of Dlokjakart on the Tyne und he hoped it would It was found that about 37.54 per dreadful to see the empty shipyards the component parts of the coconut. be a long time before his company cent., by the weight of the coconut att m is represented by the husk, 25.45 Bingapore Over one hundred cargo ateamore per cent, by the meat (parcel), Tegal placed orders abroad.

cent, by water, 365 per cent, by now lying idle in the River 1769 per cent.. by shell, 14.08 per Tyre.

Another Tees-side, ironworks is parings, and 1.82 per cent., by shutting down, making eight to be steami z loss. closed on the northeast coast this

makes my

young man, and went through the For Kenya the Commission ordinary way. Then he roughed recommends the establishment of it at sea for three years on cable a Trust Board, in which all native ships, taking part in extensive lands should be vested. Mr. cable-laying operations, and finish- supplementarying the training for the position he Linfield, in, a memorandum, proposes a series of now holds by serving in all the big departments of the Eastern Trust Boards.

Stress is laid upon the duty of Co.

Government

intensely busy year Although an develop to agricultural efficiency in all native man, he yet found time for relaxa- tion in politics. From 1915 to 1918 he represented Newmarket Division in the House of Com

Jimah Rubber Estates, Ltd. mons, and also snt for one of the Wandsworth Divisions from 1918 (Singapore) have circularised their till the Labour Party came into shareholders that the Directors He also re-have sold 30 tons of Standard Sheet possession in 1922.

St. Pancras on the for delivery in equal quantities presented London County Council for nearly monthly January to December,

1926 at sixty-six cents per lb. ten years.

the

to obtain some arrangement by which there would be brought to their idle yards a great contract which is being given out at the posent time for eight ships to carry refrigerated meat from South America. The disparity between Dopositors may transfer at their their tender and that of the foreign option Balance of $100 or more to the tender was in the region of £20,000 HONGKONG & SHANGHAI BANK | 10 £30,000 per ship, and their so be placed on FIXED DEPOSIT atender was based upon figures CURRENT RATES.

which involved absolutely no areas. profit to the British shipbuilder It was put in at actual cost. Uimately they were prepared to buld these ships at a loss, and made an offer to that effect, burit was still very many thousands of pounds above the offer of the Con. tinental shipbuilder."

For the HoNUKONG & FILANDIA

BANKING CORPORATION, A. H. BARLOW,

Chief Manager. Hongkong 7th January, 1926.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund.

Reserve Linbility of Pro-

priators

.£3,000,000⚫ £4,000,000

.£3,000,000

FOREIGN EXCHANGE and General Banking business transneted

QUERENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year Br shorter period at rates which, will be quoted. on application.

A. II. FERGUSON,

Manager.

Hongkong, April 16, 1925.

BANQUE DE L'INDO-CHINE..

HEAD OFFICE:

They had got, concluded Sir Robert Horne, to bring the facts of the situation home to the minds of the people in order that they might get such co-operation in the work of the country as had never been seen in the past. This was no time for people to be going about urging combinations of workmen to bring the work of the country to a standstill. That could only end for everybody in disaster. The only hope for the country and the 'people was that they should work together in amity and goodwill.

FOOCHOW SHIPPING.

THE TEA EXPORT TRADE.

Ocean-going steamers call at Foochow principally in connection with the tea export trade. They 98, Boulevard Haussman, Paris. Subscribed Capital... Fre. 72,000,000.00 Pald-Up Capital. Fr. 08,400,000.00 stop generally at the Pagoda An- Beserve Fund..... Frs. 60,667,283.64chorage, the channel further up

Deszkok Sattambang Janion Dlbonti

BRANCHES:"

Hongkong Meatsa

Nourna

Papeote

Haiphong Unikow

Poking

dianof

Pom-Pen Pondicherry BANKERS:

+

being too shallow, although dredg ing operations in this section of Salgen

the Min River are now in progress Shanghai

Singapore According to the Foochow Customs, Tientsin Report for 1923, 1,526 ocean-going Toureno

steamers entered and cleared the Yunarnfu

port in addition to 76 salling vessels. The total tonnage, of the year aggregated 1,483.442-tons, of which 564,178 tons tributed by Chinese, 381,236 tons by Japanese and 369.968 tons by British shipping. Foochow is also an important centre for coastal shipping.

IN FRANCE: Comptoir National d'Escompte Paris; Creil Lyonnais; Rangne do Paris et as Pays-Bas; Credit Industriel et Commercial

Spalato Generale.

IN LONDON: The National Provincial Jaion Bank of England, Ltd. Comptol Tailpaal d'Escompte de Paris; Credit Lyonnais IN NEW YORK: J. F. Morgan & Co., french American Banking Corporation; Garanty Trust Co. of New York,

Interest allowed on Current Accounts and Fixed Deposite according to arrange

Every description of Banking and Exchange Business transctod.

A. LECOT,

Manuger Hongkong, March 20, 1924.

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880.

Catarin

Bombay. Prenos Ayres,

were con-

Mr. Linfield's memorandum con- tains but several interesting points. One is his recommendation that the tax collected in cach native arca, instead of going into the central treasury, should be expended in part on direct services in the area

More far-reaching is his sugges- tion that an Imperial Development Board should be set up, to which a fixed sam would be paid annually' from the Imperial Exchequer. He mentions £3,000,000 a year for a period of ten or fifteen years. By the end of that time the Board would have a steady revenue from and interest and repayments, eventually it would become inde- pendent of any further Exchequer grants.

BRITISH CAPITAL IN CANADA.

RAILWAY CHIEF'S ADVICE.

j

RUBBER CONTRACT.

LOCAL SHARE MARKET.

OFFICIAL. QUOTATIONS

- JUNE 16. Namos

10.30 A.M.

Stock Exchange

2/3-3.8

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

London

LAK 73 and on Shanghal Hongkong Banka 1280p-1915 ea London-£137'n

.: £90-18. n. Chartered Bank

Mercantile Bank A B £28-1/2 5.

P. & O. Bank..

Marino Insurances,

Canton Insuranoo... China Undirs

Union Insurance Yangtzo Insurance rire Insurancos

China Firo Insuranus *** Hongkong Fire Insurance... Shipping

On Lonton

11

EXCHANGE.

Hongkong, 16th June 1995.

2/3

Bank, Wire...

19

On demand....

17

30 day's sight...

JP

...2/3 7/16

4 months' sight...

Crédita 4 months' visht .. YA

Documentary, 4 months sight 24-4 can Party-

On demand...

1650

Grerite, mouth • Fight ...... 1250

Wire

Gold Leaf, 100 Boo (per tool)

Sovereigns (Bank'e buying rate) 8.53 Silver (per oz.)

318 SUBSIDIARY COINS. Hongkong 80 conts' sub, ...

10 H

5

Canton coing.

2 X die. por

...327.6%, dla. Har Sliver in Honkong 9pm.

On Berlin-

#

Un demand...

now.

w Now York-

On demannl

854

Cradita 80 days ht

СВЕ

Bombay-

JUNE 18

On demand

On Calcutta-

Phsrebroker texhelation.

Wire

Back.

On deward...

a Singapora

2/8-913

On demand

973

On Manila

n 1890

b.

£21-12

On Skaughai-

On demand.

On demand...

om.

do.

0 £13-1/8 h.

b. "O £3

30 days' sight (private paper)

b. £11

On Yokohama-

Esat Asia Bank

97,

n. 100

On domand'...

**

42.23

157 D

b. 760

4 D.

85 4./1

North China Insurance

TO

n. 144

281 b. 288 jo

b 981

10 b.

b. 50

200 h. 670 b

h. 191

b. 670

54 A

a. 59

38 n

b 33-1/2

478

D. £.31

38 n.

* 28

90 8.

91.9.

01

A4. h.88 g

84/-

•

815 n

* 60.

198

17-1/4

边 174

255 .

n 166

69 9

49

* 51

Authorised Capital

7.40x

60-b

h 55

Shanghai Loanя

Comb T26.12 n T7 n. S'hai Explorations... T 5 n. Blogie Langkats

Reserve Fund...

b. 26

b.

HEAD OFFICE: PEKING.

h. of

12.85 n.

2. 13

Radbe

IM

22 a

n. 33

of

Tronoh Mines

62 - b

b.

***

the

Ural Coup.

6- D.

H. & K. Wharfs

TH

F. &W. Dock

Shanghal Hongkows

New Engineering.........

198-1/b

114 D.

200 D, Тов

n iza

ba

Mr. E. W Beatty, President of the Canadian Pacific Railway Company, addressing the Quebec division" of the Canadian Manu facturers' Association, emphasised the importance of encouraging the investment of British capital in Canada. The British investor, he said, both on patriotic and national grounds, would, under proper conditions, prefer this: country to any other portion of the world, but Canadians should not create the impression that, this was not country in which honest invest- ments were given proper protec- "Whatever we may do to tion, encourage the introduction of capital, we should see that it is entitled to such a measure of just protection as will place the burden of failure, if failure ensues, on its. own administration, and not upon fiscal political the country's policies." Mr. Beatty's reference

the publication follows British Press comment on Canadian railway situation.

LEVER'S.

News of Lord Leverhulme's death cursed a slight decline in the shares of Lever Brothers not because of any apprehension over the future of the business, but be cause it was feared that the de- ceased peer's shares might come on the market. This is not to hap- pen.

Lord Loverhulme, a few years ago, made the necessary arrange- ments for the future conduct of "Lover's," and the constitution of this huge business is unlikely, for the present, to be affected by his

Douglasca...

TH

B.R. Steamboata. Hongkong Tage and Tighter Indo-Chinns (Prof.)

do.

qo. (Dot.) દેવ..

(E.K. Reg.)*, Shell Transporta`... Star Ferrics. Water-boats Oriental Nav. Co. nefineries

Sugar Malabon Sugar

Wining

Bengaóts Kailan Mining Adm. Langkats

Dooks, Wharves, Godowns, &e.

S'haf Docka

H. K. Engineerings Lands, Hotels & Buildings;

A.K. S'hal Hotels Hongkong Janda ...... A.E. Realty.

Bumpbrays Estates. Kowloon Lands Princes Building H.K. Forritorial?.... Rural Lands... Cotton Mills.

ཀ་

***

140

T 133 b.

6101 A 193

130

b88 1/2 83 ..b. 4

b 10 a 191-)

$ D.

13.70 b

88-1/2 b 10-7/9 b

Now-

b & sa L??

160 .

g) b

10 Th.

3-

T. 3.80 $5 Tn Sie T 31 n.

Two Cotton Mills, Ltd. .... T-10) a Kung Yiks A Loon Kung Mowsin Oriontals Shanghal Cotton.

Zangtszopoos... Hiscellaneons,

Canton Icos Coments

There are four com panies keeping regular sailing schedules between Foochow and Shanghai and other northern port. Several foreign firms are also engaged in coastal shipping, their sailings Being confined to ports near Foochow including Chuan- chow, Hinghwa, Wenchow. and certain ports in Formosa, Junk

in the traffic

Min River has been. badly interfer- ed with lately by.bandit activities, The frequent commandeering of boats and pressing of men into military service by the local mili Capital (full paid-up).. Tec 100,000,000tary leaders have terrified the boзt

Yen 80,500,000 Eesorve Fund

men and oftentimes caused com plete suspension of junk traffic on the river. Fukien officials are now fully alive to the necessity of affording due protection to the boatmen in order to keep the traffic on the river in normal condition. A shipping bureau has been or ganised at Foochow to give guar- antees to the junks against com-

Just 30 years ago Lever mandeering. The Bureau collects Brothers was turned into a public a toll from all the passing

company with. capital

a junks, which are divided into five classes according to their size and £1,500,000. So rapidly has the business grown that to-day the the value of the cargo they carry issued capital totals £56,627,546. In addition to this levy, each junk Last year's profits amounted to is required to register itself with £5.476,000. The shares largely the shipping bureau by paying a held by the public are the 7 and 8 registration fee of $5. When a Junk has paid these levies, the per cent. Preference issues. officials will guarantee its im munity from commandeering. A British merchant-recently-esta blished a transportation company in Foachow. The feet of junks The statistics of new capital owned by the company are issues compiled by the Midland engaged principally in carrying" Bank, Limited, show that during cargo from the hinterland to the April the total of such issues in coast either for others or on the Great Britain was £9,555,423, com- company's own account, Fukien pared with £21,737,104 in March consignors prefer to send their and £4,804,810 in April, 1924. Of cargo by this company's junks, the the month's total £6,003,000 w11 reason, being that when cargo is raised for use in Great Britain. under a foreign flag, they consider £836,000 for India, £t 121 990, for instor

Head Office:-YOKOHAMA. Branches and Agencies. at:

Newchwang. New York .. Quuka.

Peking. Rangoon, Rio de Janeiro.

San Francisco. Seattle. Stanghai. Shimonoseki Singapore Socrabaya.

Calcutta ukangchun, Dairen (Dalny),

engtlen (Mukden). Saigon. Kamburg. Lankow

arbin Fondlalu.

Yuen

Tobe

andon.

Los Angeles. Ayons. Manlia.

ugasaki. koya.

Sydney.

Tientsin.

Interest allowed on Current Accounts, Deposita received for fixed periods at ates to bo obtained on application

O. ARIMA,

Manager. fongkong, 11th March, 1926,

6600000000000 FINE JEWELLERY Engagement, Keeper, & Wedding Bieg A SPECIALTY. All of highest grade in the Colony, WINDSOR BROS.

death.

NEW CAPITAL ISSUES -IN-APRIL-

of

Ceraente "Combined

China Lights (Old)

7-1

b.

il n. Now 8 IL...

37, n.

do (Now) 10 m. Comb 821 b Chias Providente 16 s. Now 14 a. China Providents Combined 47 n. H.K. Developments n. 80 Conta Dairy Farms...ne "ame

20 0. H.K. Electrico

78 д Macao do

48

Hongkong Amusementa

wie 108 Hongkong and Canton Icos

18 n. Now 10.10 Hongkong Ropo... ** Kopco Combined... ·

Tramwaya-39-b

(Now)

Hongtays (Old),

Peak

Do Watson's WI

Fonolls Lane Crawlords ... H.K. Construction Nanyang Tobacco Biacores, vi Mackintosh H.K, Taxis

China Busen- Teams

n. to

b. 2-12

es 10

n 4

n. 57 Now 31 a.

18) . New n

Comb. n 173 -

n. x

Now 20 t. Comb n 33)

m. 14 Now 13 18.15 8 Comb. n 48-1,2

b. 60 Conta

383

a 74

b. 104

b. 74

17-1/1 Now 10 n.

52

0

+45

· 40

Esi 1.

0.35 m. 21 n. Naw 20 n.

14 5. 17 n

D. B...

n #8 Now n 21

b. 4.00

11.1/2 D.

-91-1/3 n

TT-1/2 D

b. o

h.127

Chinese Copper Cash...

Chiners Copper Conte ... Raco of Native Intereat Obinong Sub. Coin

10% pm.

6 pr.

$2

57% out

din.

Boagkong Bab. Cola.... 1/8 % pm.

THE BANK OF CHINA 行銀國中

(Specially Authorised by Presidential Mandate of the Republic of China

on the 22nd of November, 1917),, ...

Paid-up Capital

$60,000,000.00

$18,278,000.00

$ 0,820,425.4

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:-Tho National Provin- cial and Union Bank of England, Ltd. Guaranty Trust Company of Now

The ork

New York Bankers: The Irving

National Bank.

The Equitable Trust Company of Now

York.

Intereat allowed on Current Accounts and Fixed Deposito. Terme on applies tion.

Every description of Banking Busl bena transacted.

Loans granted on approved securition. Special facilities for Home Exchange

TSUYEE PEL, Manager.

HEAD OFFICE—Amsterdam, EASTERN 'HEAD OFFICE-Batavia BRANCHES:-

Kots-Reife

Patank Penian

Cherthon Djember

Mudan

The Hague Robe MIMANGAT Palerahang Pontianak

Samarang Boarabais

Platin

Pelon gar Rangood"

Binnghal

Soerakarta (Solo)

\'e'tevreden

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

M. J. HERBSOHLETA

Agent.

Hongkong, November 4, 1924.

司公理營業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLA DĚ CHINE.

ETABLISSEMENT PRANCO CHINOIS,

(Incorporated in Franco).

6, Chater Road, Victoria, Hongkong.

HEAD OFFICE: 74, Rub St. Lazardę Pario.

Subscribed Capital fully

paid-up

Reserve Fund

Frs. 10,000,

Fra. 10,790,

Working fund provided by THE BANQUE INDUSTRIELLE DE CHINE

Fre. 50,000,000.

BANKERS:

Paris: Societo Generale,

Bang

Banque

Nationale de Credit Paris et des Pays-Bas. London: Midland Bank, Ltd. New York: Irving Bank Columbia Tri

Co.

Every description of Banking an Exchange Business transacted. Corzq= apondents throughout the world.

M. FITZ-HENRY.

Manager Hongkong, 13th February, 1925.

THE BANK OF TAIWAN," LTE (Taiwan Ginko.)

་

Incorporated by Special Importa] Charter, 1809.

Capital Subscribed

Yen 60,000,cca

Capital (Paid-up)

Yon 52,500,000

Yon 12,980,00

Reserve Fund

HEAD OFFICE: TAIPEH, FORMOSA.

BRANCHES:

JAPAN Tokyo,

Osaka

Yokohama, Kobo

FORMOSA-Giran, Kagl, Karenlid,

Makung, Nanto, Pina

Shinchiku, Taichu, Tainan, Takow, Tamaut, Tobyen, Alio.

S

Shanghai, Hankow, Amey Foochow, Swatow, Canton.

CHINA OTHERS,

Bangkok, Hongkong, Sing- pore, Soerabaya,

Samarace Batavia, Bombay, London, New York, Calcutta.

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

The Bant a Correspondents in the Coniíneretai Centres in the European Continons, Boasia, Man Philippine Eslands, Java, and Datos Indios, Aust abuela Targao, Jajas, Tado-China, Blam, India,

alla, Aunen, Afrion, de

Interas allowed on Chemat Aceously, and Fixed Depoalla at rates which will bo quoted on applied.

Z. YAMAMOTO, Manager,

HONGKONG BRANCH:"

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

INVESTMENTS

We shall be glad to quote upon any share whether business

is negotiated or not. Share Ilsts sent upon request."

SMALL LOTS

We Sell

We Buy

100/100) Ulorwriters

100/300. Lane Onewfords

100 Bholls &

100

ba Sugars 151 300 Allagars (Rubber)

100 Jongkong Amu monta

230 Hongkong Electrics

1000 Developmenta

600 Providents (now), 210 Orientals

500 Rapos (old)

100/300 Taxis 100/500 viels f

100/503 Danconia_{now}"

· 690 ~Coment+-fold) Ta¥Augeñ 10750) Chini Lights (now, &odd),

109/300 Waterboat d

100/00 Ronich

100 Shanghai Diska for Sajt,

509/1400 Electcies for Jane.

AND ANY OTHER LOTA UPON REQUEST

WE BUY OR SELL RUBBER SHARES.

SMALL INVESTORS