1925-06-17 — Page 2

Page

2

HONGKONG & SHANGHAI

BANKING CORPORATION.

Head Office: HONGKONG,

AUTHORISED CAPITAL...... $60,000,000 İNSUND AND FULLY Pam ur $20,000,000 RESERVE FUNDA:-

STERLING... £4,500,000 ∙SILVER...... 836,500,000 {SERVE LIABILITY OF

$20,000,000

PROPRIETORS.)

COURT OF DIRECTORS:

CHIEF MANAGER:

A. H. BARLOW, E.

Manager: Shanghai-G. H. STITT, Esq.

COMMERCE AND FINANCE.

PANTAI, LIMITED.

A WINDING-UP RESOLUTION.

of

EMPIRE TRADE,

THE CHINA

MAIL.

THE TIN INDUSTRY.

The

DEMAND,

BAD APRIL

WEDNESDAY. JUNE 17, 1925.

£1,000,000 IN BONUSES.

the total sum involved at the rates on the "rice debt" to the Colony SOUNDNESS OF THE CONSUMING thereafter at 44 per cent. per looking forward to the capita until September 30, 1923, and The Stock Exchange has been annum and amounted to $3,275,862. lisation of part of the reserves of Thus the cost to the Government the Anglo-American Oil Com MEANS OF FOSTERING IT,

Sir George Maxwell, Chief of its assistance to the tia industrypany, and it is now officially an- Secretary to Government. F.M.S., was $2,617,167. The fact that this nounced that that will be done Xotics is given at Extre The Empire Trade and Industry for the year 1924, states.~

in the course of his annual report large quantity of tin was unloaded this month. The form of the pro ardinary General Meeting of Committee of the Royal Colonial

upon the market without any posal is that £1,000,000, being Fund, Limited will be held at Institute have during recent years during the year its sale of the ftrates

Government completed appreciable disturbance demone part of the company's Masers. Derrick & Co.'s Bourd done considerable servien to foster accumulated stocks of tin, which consuming demand. It was all log up and distributing a million the soundness of the reserve," shall be devoted to pay. capital Room in Hongkong Bank Chum and stimulate in every way the form part of G. M. Young, Esq,-Chairman,

what bas been the remarkable in view of the ordinary shares pro rata among H. P. White, Baq-Deputy Chairman.ers, Singapore, on

Thursday, development of trade within the generally known as the Bandoong increase in the F.M.S production the present holders, of ordinary. Juho W H. Bell. Bay. Hou. Mr. A., Lang.

18, 1925, at 12 o'clock Empire; had with the revival of Conference tia D. G. Mornard, Bag, W. L. Pattenden, Beg. | 11001 for the purpos

sleekar The of over 6,000 tons, with, so far as it is stipulated, however, that the interest in this subject, to which Government's tin had been bought is known, 1. A. Flammer. Eq. considering and if thought it puss many recent avents have undoubtfirst at $110 per picul, then at $115. decrease in production elsewhere.voting rights. The present ordi ▲ H. Compuan, Esj

.no cortosponding bonus shares shall not carry any Bon. Mr. F.H, Holyönki T. G. Woull, Mag.

ing the following resolution that is edly contributed, the Institute and lastly at $100, over a period to, silly

looks forward to a period of still extending from December 15, 1920

sary capital being £3,000,000, the That the Company bo wound guter activity in its work in this to February 25, 1921. In this way

distribution will be equal to 33 1-3. up voluntarily and that Mr.difiction.

per cent. The total of the reservea 9.858 tons were bought at a total longkas John Word,

at the end of 1923 was stated to Mr. The subject is certainly one of cost of $18,839,045 the average William Evans Rayner and Mr. profound interest to every Imperial price being $11375 per picul. By

be £2,280,314, For 1923 a ahare Samuel Horace Moss, all of Hong-thinking, Britisher, more especially an agreement between the partics

bonus of 100 per cent was given, kong Bank Chambers, Singa in view of the serious efforts which to the Bandoeng Conference, this

la addition to a dividend of 20- per cent. For 1916 the dividend CURRENT ACCOUNTS opened in

pere, Chartered Accountants, be are being made by our foreign com- tin, together with the stocks of

went up to 25 per cent, and for LOCAL CURRENCY and FIXED

appointed Liquidators for the petitors. "British Made" is a ball the other parties, was withheld

each of the next four years to 30 DEPOSITS received for one year or

purposes of such winding up and mark of quality and a trade mark from the market until April, 1923,

percent. For 1921 and again for shorter periods in Local Currency and that any one of the said Táguldo carrying with it universal dis-release, to sell or to bold, to each

1933 it was 174 per cent. All when the parties agreed to £60,877,328.

1922 it fell to 15 per cent, but (for Berling on terms which will be quotedors shall have power to act tinetion.

appleation.

alono for the purposes of such | In many ways the Committee feel

these dividends were free of tax. winding up." Should the above Resolution be assistance, and among the principal that they can render valuable

EXCHANGE passed by the requisite majority it divisions of their work, may be men-

Un London

Hongkong, 17th June 1918. will be submitted for confirmation tioned the following: as u Special Resolution to a second (1) Development of new industries

Bank, Wire 1/2 Extraordinary General Meeting THE business of the above Bank is

On demand within the Empire; conducted by the HONGKONG which will be absequently coa (2) Finding markets for the AND SHANGHAI BANKING CORvened.

products of the Empire; PORATION. Rules may be obtained The last balance sheet for the year ending October 31, 1924, INTEREST on deposits is calcolatod showed a profit of $3,090.99, on the lowest balance during each com- which, added to the balance plated Calendar Moath at 3 par cent.brought forward from the previous per annum. Should there be no balanse your of $2,547.20, was carried on any day in a month no interest will forward. be allowed for that month.

LONDON BANKERA. Westminster Bank, Ltd.

Rongkong, May 20, 1913.

HONGKONG SAVINGS BANK.

on application.

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

CURRENT RATES.

For the Hoxuxord & SHANGHAI HAKKING CORTORATION,

A. H, BARLOW,

Chief Manager Hongkong 7th January, 1925.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1853.

HEAD OFFICE: LONDON.

Paid-up Capitai

..£3,000,000

Reserve Fund

A

Reserve Liability of Pro-

Dristors

£4,000,000

£3,000,000

FOREIGN EXCHANGE and General Banking business transactod.

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

A. E. FERGUSON, Manager. Hongkong, April 15, 1926.

BANQUE DE L'INDO-CHINE.

(4) Furnishing information of a statistical or general nature concerning specific Empire in dustries.

#

BIG DROP IN EXPORT TRADE

British foreign trade did not flourish in April.

Exports, as disclosed by the returns already issued were less than in March and £1,989,598 This is £9.425.951 below the total for the correspond ing month of 1924.

....3718

29 30 day's sight... 4 months' sight Credit 4 months might

Documentary, 4 months sight 3/4-3

Du-Parte

On demand

THE BANK OF EAST ASIA, LIMITED.

HEAD OFFICE: HONGKONG Authorized Capital Paid-up Capital Reserve Fund

.$10,000,000

$5,000,00 1,000,00

DIRECTORS:

Hon Mr. Chow Stou Son-Chairndl

Fung Ping Shan Mok Ching Kong "Koon Chun

P. Ewok

I

Ng Ching Lok

Wong Yun Ton Kuruh Tai Kan Ying Po Pong Wal Ting Chan Ching Shell Every description of Banking Exchange business transacted. Lou granted on approved securities.

SAFE DEPOSIT BOXES. to all,

KAN TONG PO, -

Chief Managed Hongkong, 16th February, 1925.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ. (NETHERLANDS TRADING ‘SOCIETY)

Ferantzasu 16. Horewood Branus Betablued-1906,

Authorized Capital: G. 150,000,000 $13,500,000 Paid-Up Capital.... 80,000,000 6,886,679 Hours Fund... 30,045,0 5-1,870,1 Special Reserven...G. 93,650,000 & 1,988,298 HEAD OFFICE:-Amsterdam, EASTERN HEAD OFFICH :~~~Bastia.

BRANCHES —

Bandferradin Bandowg

Calonita

Fadany

Bombay

Oberibea

Dumber

Djekjaarta Kola-Bade

The Hague Kabe

Megwear

Medan

Palembang

Paciorga

Fenark

Botterduse

Hingapors

Tagal

*** 100)

-551

.. 1105

Credits, 4 month right... 1985

On Berlla-

York-

On demand.

On

Now

On demand...

On Bombay-

Wire

party of 5 per cent. of its stock

three months, June, September current year, however, the sales in

very month. This Government began to sell fa: June 1923; and in

For the first four months of the and October, had sold 3,000 tons overseas markets show an advance at prices between $100 and $101 of £13,381,814 compared with 1924.

13 Last month's fall in exports was per picul. From November, 1923, raw except for the period from May to cotton

the price steadily Improved; and due chiefly to reduced sales of and woollen yarns and (3) Introducing potential buyers deliberately withdrew from the manufactures were smaller, and July, 1924, when the Government manufactures, Iron and steel abroad to British maniacselling market, the Government coal exports were still unsatis turers;

$108 and $141 per sold at prices ranging between factory.

picul. The total sales realised $19,687,094.

IMPORTS OF SILK. giving an average price of $118.80 Imports of silk and silk manu The issued capital is $240,000 to

per picul, Storage charges factures for the month which a liability of a reserva is regalar activities of the Institute Government's gross profit

These services form a part of the amounted to $189,353, and the £1.903.568, the figure for March were added of $105,000, making a total and the Secretary of the Trade & thus $658,695. In order, however, of $345,000. The nasets reveal Industry Committee of the Royal to arrive at a correct estimate of 208, contrasted with £112,861,032

was being £2,177.983. * property at $101.739.05 to which Colonial Institute, Northumberland the Government's transaction in for March, and £85,164,008 for Imports for April were £110,358,-

$206,519.28. making

Deen ndled development Avenne, London, W.C.2, will be in, it is necessary to set off an April of last year.

a total ofgh to receive enquiries from amount for interest, for during the $330.269.23. Minor assets bring British subjects seeking informa-three years when almost $20,000,000 has been

On this side of the account there The total to $338,072,45.

tion in any of the directions in- were locked

a heavy increase of: No reason is given to account for dieated.

La tin, the £74.543.394 for the year to date the winding-up notice.

Enquirers will facilitate Government had been forced compared with last year. An in-netion by giving the fullest possible either to postpone payment of berim dividend of 4 per cent, was detailed information in the first in-existing debts,

The re-export total was rather padd in Justury host.

or to borrow smaller in April than in March, money elsewhere to extinguish but showed an increase compared them. Interest was computed on with April 1924.

{ 24 1:2

EQUITABLE LIFE ASSUR ANCE SOCIETY,

BUSINESS WELL MAINTAINED.

stance.

Ji

CANADIAN TRADE.

SOME INTERESTING ITEMS,

Canada

OTTAWA. ONTARIO,

exported

passenger

Presiding at the meeting of this Automobiles to the value of Society, Sir Evan Spicer (Presi$2,902,019in March last, an increase dent), in the course of moving the of over a million dollars from adoptiou of the

report and February's exports. The value for accounts, said: It is with deep the twelve months ending March regret-that--refer to the death of 31, of such exports was $22,011,970, Lord Long. He first joined the a slight decrease from the previous board in 1889, and ceased to be a year. member of it during the times he was in the Cabinet. He was an example of a type of Englishman which will never, trust, disappear He was very keen about this Society, and helped us in many ways.

VANCOUVER, BRITISH COLUMBIA.

Exports of canned fish from this port during the first three months of the current year show a con- siderable increase over the quantity The

shipped in a similar period during annual report shows a HEAD OFFICE;

maintenance of our new business quarter of 1925 exports totalled the past three years. In the first 96, Boulevard Haussman, Paris.

at £600,000 of sums assured, and a 415,426 cases, Subscribed Capital. Fra. 72,000,000.00 substantial increase in premium | 332,352 cases in 1924. Shipments Fald-Up Capital ....

.compared

with Frs. 08,400,000.00 revenue and funds. The explana- were made to Australia, New Lacurve Fund .......... Fra. 50,667,289.54 tion of this exceptional increase is Zealand, the Orient, Central and

that we have received a larger South America, amount of single premiums than United Kingdom and Continent, West Indies, usual, The amount is usually Fiji and South Africa. about £25.000, but in 1924 it was over £65,000. These single_pre- Yuomiums have been paid chiefly in connection with pension funds for IN FRANCE: Comptoir National d'Escompta the existing members of the staffs Paris; Credit Lyonasi, Banque de Paris at of certain bodies, and to a less Pays-Bas; Credit Industriel at Commercial extent because of a scheme which you have seen discussed in the Press

BRANCHES:

Bangkok

Hongkong

Bambooz

Moagin

Canten

Noum:

Djibouti

Paporte

Hulphong

Peking

Galyon Shanghai Singapore Tientsin Tautine

Briton- Bundi

Pondlebony BANKERS;

.. faciale Generale,

IN LONDON: The National Provincial & Jalon Bank of England, Ltd.; Comptoir Sutional d'Escompte de Para; Credit Lyonnais owing

IN NEW YORK: J. F. Morgan & Co.,

super tax.

ranty Trust Co. of New York,

of

-7

up

LOCAL SHARE

..

MARKET.

QUOTATIONS.

OFFICIAL

JUNE 17.

Names

10.30 A.

Stock Exchange

Rank

918-28

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

London and on Shanghai Hongkong Banks 1280 à 125 in London-2157 Chariot Bank

210-1/8 n. Mercanti Bank AB EZ-1 b.,

£13-1/6 h,

UM

P. &C. Ha Baat Aals Bank Marine InsurRACOS Canton Insurance. Obins Undhra

North China, Insurance Duton Insurance wire tasurapomn

Yangtza Innrance

A.K. Steamboate...

Hongkong Tugs and Lighter 47. Indo-Chinas (Pref.)

do.

(Dot.)

JUNE 17. Sharebrokars' Association.

Bank..

-

Credite, 60 days' dighi

On demand

On Jalent

Wire

HM

On Singapore. On Healt

On demand..

On demand...

שלם

P

*** 871

7

On demand

1111

On Shanghai ---

On demand... 200

30 days' sight (private paper)

On Yokohama

On demand

1842

81.13/16

Gold Leal, 100 dne (per taol) Sovereigns (Bank's buying rats) Silver (per os.)

SUBSIDIARY DONE. Hongkong 50 omate rab... 2. % dia.

24- 10 It

Canton coina

か

*** 397) %, dla. 9pm - 10% pm. 6% pa 02117% out

Bar Silver in Hongkrong Chinese Copper Cash .... Uhiners Copper Cente... Rate of Nadira Interest Chinaan Sub. Cola ..83% die. Hongkong Sub. Col... 1/8 % DEL.

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:"

11, Gracechurch Street, London, E. O

Authorised Capital

Subscribed Capital Paid-up Capital

Reserve Fund

1

TANKERS!

.£8,000,000

1,800,000

1,050,000

1,800,000

The Bank of England Midland Bank, Ltds

BRANCHES

Menin Ganyer Bangcon

Langtok Galla

Batavia

logo

Bombay MOWIN

Celem Kandy

Colombo Karch

Delhi Kota Bhar

New York

Madras

Peasa

Bhasha Finalm Blagspor

Port Louts Bikeriifca)

HONGKONG BRANCH,

Kourabaya

#vary description of Banking and Exchange bod

gee Lyniad.

INTEREST allowed on Current Accounts at ! 041 tant per acre on Daily Ralance and on Fixed Da postta at rater that may be neceptained on applicaties

1. B. BOSS,

Actiny stanages

# 1790

b.

291-1/2--

b. "A" est

b

8112a. 971 B

b. 211

D. 100

*60 n.

h. 780

--

240/6

3

Ti40 ...

B. U

144

187 b.

80 b.

b. 50

Douglased...

Shipping

Jains Fire Insurance an Hongkong Fire Insurance...

200 b.

b. 100

670 b

b. 67)

B

5

38 n

b25-19

R. 4.20

38

38

37 1.

10)

64-b

81? n'

двой

**

17-14 n

ปี 17

255

n $55

65 n

д 40

10%

01 =

As

Renzuets

Kajian Mining Adm

9.40 22 6048

55%

Langkate......

Abanghai Loans

Stal Exploration. T 5.

Blogie Taugkate

Comb, Tit-n T7A.

T1285.

b. 25

Paid-up Capita

b.

Reserve Fund

Raube

Ural

Tronoh Mince

'69. b

Casp.

198-1 b 183 sa- 114 2.

T 2001.

Tain

VICTORIA, BRITISH COLUMBIA. Columbia in 1924 was 2,549.700,181

Log feet, being 28,000,000 feet greater production in British

than production in 1923, according to a report issued by the Depart ment of Lands and Forest.

as being advantageous determined by scale returns, the to the high rates

We have not urged production in 1924 consisted of 2,208,817,000 feet of sawlogs,

French American Banking Corporation; this scheme extensively on our 23.600.000 feet of poles and pllings public. If the business comes we do not, of course, object, but 214,628 cords of shingle bolts and Primarily an insurance office should other cord material and 3,736,619 provide insurance pure and simple

railway ties.

Buakate transacted.

Interset allowed on Currant Acois shi ixed Deposits socording to arrangemezi.

rery description of Banking and Exchange

A. LECOT,

Manager. Hongkong, March 20, 1924,

THE YOKOHAMA SPECIE BANK, LTD.

Kätäblished 1890.

#

in preference to savings of income and super tax, which are only

WINNIPEG, MANITOBA. incidental, and, I think, relative-

Nearly $500,000 worth of Mani- ly unimportant. Moreover, single toba butter has been shipped from premium business leads to rather Winnipeg since January 1, 1925, to violent fluctuations in premium in the middle of April. The ship come. The fluctuation last year is ments totalled 60 cargoes, averag before you it has made-our-ex-400-boxes to the car, of 56 penses look lighter, and reduced pounds to the box. According them from nearly 7 per cent. to 64 to Provincial Dairy Commissioner. dapital (fall pakl-up).. Yen 100,000,000 per cent of the premium income, this is over three times the quantity

The claims, notwithstanding an shipped in the Increased business, are actually period of 1924. Shipments were corresponding less in amount than in 1923, and

made to the British Isles, Toronto, that was a light mortality.

t year as regards Montreal, Halifax, Calgary, New

York, Chicago and Detroit. You will see that we have given actual examples of the endowment assurances that have fallen due in 1924. With the continued po pularity of that class of business it seams well to give this information

Barve Fund,

Ten 80,500,000

Head Offer:-YOKOHAMA Branches and Agencies at:

Matariu.

Mombay.

nos Ayres,

Calcutta

Thangchun.

Daire (Dalny).

Nawchwang

New York Osaka

Foking. Rangoon

Rio de Janairo

Fangtin (Mukden). Saigon.

Hamburg.

Lokow.

Harbin, Honolulu.

Tal YoeL

Toba

London.

Los Angeles.

Arous

Manila.

Kagaanki,

San Francisco.

Seattle. Shanghai Shizonosell Singapore, Boerabaya Sydney. Tientsin. Tokyo.

Tslaanta. Tsingtan Kaguya

Vladivostock Letereat allowed on Current Accounts, Deposita received for fixed periode at le to be obtained on application.

CARIMA,

Manager. Mongkong, 11th March, 1925,

+

CALGARY, ALBERTA, Nearly a quarter of a millon bushels of cats grown in Alberts were shipped to New Zealand last winter for seed purposes, accord-

at the end of the report as well as ́ lag to a bulletin issued by the Pro-

the long established list of claims-vincial Department of Agriculture.

at death under whole life as-

surances. I think we can be proud

of both sets of results considering the period covered, but it is not in a spirit of pride, but for the sake of giving the facta that the exten- sion has been made.

adopted.

The report was unanimously

ENGLISH GLOVES BEST.

the

Emphasis was placed on the efficiency of English glove-making factories and the high quality of English-made evidence given before the Com-

gloves in mittee appolated by the Board of Trade to inquire into an applica- tion for the imposition of a duty on gloves.

Mr. S. Fora-Rigdon, of Messrs Fornas Brothers-and-Gompany, said that English factories were much better run than the Contine entul Abroad thoro was no limit

ROYAL MAIL STEAM PACKET DIVIDEND. Despite the depressed condition of the shipping industry the directors of the Royal Mall Steam: Packet Company, are able to to Commend a fost dividend on the hour worked by the outworker, Ordinary stock of per cent, loss which again cheapened costs. Of tax making with the interim the samples handed to him he con- divisond # total of 6 per cent. forsidered the English gloves?" of 1924, which was the gate paid for much better quality, type for type,

than the Continental produce..

do. (B.E. Rox.)** Shall Transports Star Ferries ..*

Pefineries. Water-boats Oriental Nor. Co. Chion Sugar Malabon Bugar Wining

Docks. Wbarres, Godowns, da,

H. & K. Wharfs H

&W. Dock Shanghal Bongkew

New Engineerings. S'ha! Docke

-

..T 138 n.

tands, Hotels & Buildings,

H. K. Engineeringe .

*M

-

B.LA S'hal Hotels Hongkong Lands B.A. Realty Humphreys Kriatel Kowloon Lands Princes Bulking... H.L. Intritorial.. Cotton MIÊN,

Rural Lands...

Cotton

Mia, Ltd.

Kung Tika Leon Kung Mow Orientals. Shanghai Cotton Miscellanous, Tangtanepool

Canton Ised Comments

Cements "Combined

13 bara-Now-

88-1/

• b. 4.70 me.

----

114

150 a. #b 10 n

₺ 101 199

116

1 ^2-1/7 am 13//

B.. 41

b 20

T. 150

b. 1.14

a 10

T. 2.00 n

P

T 67 n Now T

a. A Bow is

18) D. New 9 A Domhn

-7-1 b. 30. Now

£ 283 5. China Light (Old) ... - 21 a do (New) 10 n Comb are. Chies Provident 15 s. Now 14 n. Chica Providents Combined

H.H. Developmente Dairy

H.K. Kingizio

•Macao do 19

Her 30. Comb sa 3'!

Were 18

n 201 1473/

Comal,

50 Centa

481 b. 60 Cenin

7410

Blangkong Amusements

11 b

b. 10%

Hangkung wad Camon "Too

Hongkong Repo

16

New 10.10 m.

n 17-18 New 10m

B

IN D

Hopes Contblanda Hogkong TramAYE... Peak Tramvay (Old)

= 28 New z 1

Que Boad Central, Hongkong, January 21, 1928.

THE BANK OF CHINA,

行銀國中

(Specially Authorised by Presidential

Mendate of the Republic of China

on the 22nd of November, 1917).

Authorised Capital

$60,000,000,00

318 278,800.0#

$ 9,029,425.3

HEAD OFFICE: PEKİNG.

HONGKONG BRANCH:

4, QUEEN'S ROAD CENTRAL Branches and Sub-branches all ever | China and Correspondents in Europe, America, and other parts of the world. London Bankers:-The National Provin 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 New

York

Intarant allowed on Current Accounts and Fixed Deposita. Terms on applica- Hos.

Every description of Banking Boad ness transacted.

Loans granted on spproved incurities. Special facilities for Home Exchange

TSUYEE PEL, Manages.

Pali

Bemarang

Boersbain

HT

Weltevreden

Bangoon Bhanghai

Hoerakarta (Bolo)

LONDON BANKERS:- National Provincial Bank, Ltd Correspondents all over the world,

BANKING BUSINESS OF EVI

DESCRIPTION.

M. J. HERBSCHLER,

Agent.

Hongkong, November 4, 1984.

司公理管業實法中

SOCIETE FRANÇAISE. DE GERANCE

DE LA BANQUE INDUSTRIALLA DE CHISE.

ETABLISSEMENT FRANCO CHINOIS.

(Incorporated in France).

5. Chater Road, Victoria, Hongkomaki, HEAD OFFICE: 74, Rue St. Lazaré Parl.

Eubscribed-Capital fully

paid.ap Boserve Fund

Fr. 10,000,00 Fra. 10,790,0

Working fund provided by THE BANQUE INDUSTRIELAN DE CHINE. Frs. 50,000,000,

BANKERS:.

Paris: Boclate

Generala, Bax Nationale de Credit Bangos Paris et des Pays-Bas,

London: Midland Bank, Ltd.

New York: Irving Bank Columbia Trail

Co.

Every description of Banking E Exchange Business transacted. Com spondants throughout the world.

M. FITZ-HENKI,

Manager Hongkong, 13th February, 1928.

THE BANK OF TAIWAN, LT

(Taiwan Ginko,) Incorporated by Special Imperial Charter, 1899.

Capital Subscribed Capital (Paid-up)

Reserve Fund

Yen 60,000 Yen 52,500,00

Yen 12980

HEAD OFFICE: TAIPER, FORMOSA.

BRANCHES:

Yokohama,

JAPAN-Tokyo, Osaka

FORMOSA-Giran, Kagi, Karens,

Keelang, Makang, Nanto, Plou Shinehiku, Talcht, Tainan, Tako Tamal, Tohyen, Ako. CHINA-Shanghai, Hinkow, Anicy's OTHERS-Bangkok, Bongkong, Singe- Foochow, Swatow, Canton. poré, Boerabaya Samar Bataris, Bombay, London, Nau York, Calcutta

LONDON BANKERS: London County, Westminster and -

Parr's Bank,

The Mask has Gorreran dente ''the Commerdal Centres in the Baropass Continant, Diana, Mas elesa Tapetas, Japas, Indo-China, sisa, India, alla rica, Afilem do, Philippina feiasis, Jara, and Detek M, Ame

internt allowed on Carmat dovezie, kod-Pized Depouts at rata which will be quoted as applica

Z. YAMAMOTO, Manager.

HONGKONG BRANCH:

8, Des Voeux Road Central. Hongkong, 5th June, 1926

INVESTMENTS

We shall be glad to quote upon any share whether business

is negotiated or not. Share liats sent upon request,

SMALL LOTS

We Sell 100/1000 Underwritem

201500 L Oefords

200 Bhell B 100 China Ba@50 300 Allgus (Bubber) $1 P.&O, Hanke £11 100 Hongkong Amnewrowla 250 Hongkong Electriot 1000 Developments

600 Provideni (new)

500 Rope (old)

We Buy

100/500 Taxis 100/500 Hotels

100000 Clemente (new)

500 Clements (old) Fuifäng. Butt-

100500 Chin Lights (now & cid)

100/500 ;-HanIties

500/1400 Cleocríos for Tape

AND ANY OTHER LOTS UPON REQUEST, WE BUY OR SELL RUBBER. KHARLA

SMALL INVESTORS