1925-06-19 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION.

HRAD OPTICS: HONGKONG,

COMMERCE AND FINANCE.

PRESENT DAY FACTS.

AUTHORISED CAPITAL...... $50,000,000 IBSURD AND FULLY PAID UP $30,000,000 TWO

RESERVE FUNDE —

STERLING....... £ 4,500,000 SILVER...... $26,500,000 BESERVE LIABILITY OF

PROPRIETORN. -•-•--••••*.

$70,000,000

COURT OF DIRECTORS: G. M. Young, Esq.-Chairman. LP. White, Leq-Deputy Chairman. W. H. Bail, Eeq; Hou, Mr. A. C. Lang. D. G. M. Femard, Fag, W. Fattenden

4. H. Compton, Exj. I. A Plammer, Esq. Hon. Mr.P.H.Holyóak. T. G. Weill, Kag.

CHIEF MANAGER :-

A. H. BARLOW, Esq.

51

FINANCIAL EXPERTS

STATE THEM.

DEBT AND THE GOLD STANDAND

How far the process of currency stabilisation has already gone in Europe is a matter that, is not generally realised. And yet pro gress, especially in the last year of two, has really been remarkable," writes Mr. Hartley Withers in the

"Liverpool Post."

The present tendency is to Manager: Shanghai-G. H. STITT, Esq. ward stabilisation of exchange

LONDON BANKEES, Westminster Bank, Ltd.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITE received for one year or orter periods In Local Currency and perling on terms which will be quoted

application.

Hongkong, May 20, 1718.

MONGKONG SAVINGS BANK

p

basiness of the shove F16 sondusted by the BONGKONG AND SHANGHAI BANKING DYR PORATION. Rulas may be ghna nei an application.

INTEREST on deposits in ealculated Do the lowest balance during each com

be allowed 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 OURRENT RATES.

For the HomanosG & ANANGKAI BANTING CONTORATION,

A. H. BARLOW,

Chief Manager. Hongkong 7th January, 1925.

THE CHINA MAIL.

organisation were limitless. That fallacy was a much more dangerous the limitation of financial resources. fallacy than the original Idon of

A RAZOR PARABLE "A well-tampered razor was an admirable instrument for the domestic operation of shaving. That same instrument, at a pinch, could be used and used efficiently for the more serious operation of curting human throats. But a razor was useless as an instrument for clearing a jungle. You destroyed your razor and you made. very itttle impression on the jungle large part of our post war dificul. ties arose from a neglect of this. very obvious truth.

The credit system of the coun- rates with reference, to gold, and try-the razor-was ̈admirablyš toward the introduction of silver, adapted to the ordinary domest and coins of minor denominations operations of peace. It might in place of paper money. Where adapted at a pinch to the needs buy metallic money has been lawar. But it broke down complete troduced it has met with widely in

clearing the jungle left Countries which behind by the war. spread favour. have now stabilised their currencies with reference to gold Include the following: Austria, Germany,

SHARE MARKET REPORTS.

-MACPHAIL AND CO., LTD.

SINGAPORE, June 8.

38.

BRIGHTER BANKS.

„ARMCHAIRS AND BOOKS FOR WAITING

ALIENTS,

FRIDAY, JUNE 19, 1925.

ALLIED NEWSPAPERS.

In its first report the Allied Newspapers Limited, the company floated under the chairmanship of Sir William E. Berry in April sat Banks are to be made brighter. year, announces that the trading Rubber.-London

2d. Ordinary people usually love profit for 1024 was £895,592, Easier. Local $1.13.

banking premises as quickly as they Indicating that the increased Tin, London, Local $12734 (100 tons sold)

6/6/25 £256.

can. They are oppressed by the profit of 2855.109 for 1923 quoted in the prospectus has been still Rubbers. Jeram Kuantans have melancholy opulence. Now this further improved upon by the new buyers at 66 with sellers at 63 is to be changed, and the Midiarid company. cents. Now Craiglolens offer at 83 Bank, Limited, will go down After meeting interest, placing cents Buyari bidding 82. Ulu

£11,400 to reserve for corporation with sellers at 40. Kuala Sidims offer a 240, buyers bidding 2.30. thoroughly at home they have 30, there is a balance of £664,553, Beauts have buyers at 38 cents saking history as pioneers. To make their clients

profits tax and providing for the Preference dividend to September be placed at 132, opened a reading and writing-room subject to income tax.

Mentakabs are'

The directors propose to place inte, sellera asking and a ladies' real-room at their

Malays are quot handsome new branch in Ficcadilly.to general reserve £469,674, being Bukit Katils have The step is one which will be formation expenses, and to carry the amount of preliminary and fcents with sellers at welcomed by business men. In £194.879 forward.

kwamb

aro

quoted

to

feel

Catt

the beautifully panelled reading and writing-room, furnished in the early Giorginu style, customers transact business, write letters, or of the current year. puss a quiet hour in reading.

They have decided to declare an interim dividend of '5 per cent. (la. per share) "on the ordinary abares, payable June 9, on account

GEORGIAN FURNITURE.

THE BANK OF EAST ASIA.

· LIMITED.

HEAD OFFICE: HONGKONG Authorised Capital....$10,000,000 Paid-up Capital

Esserve Fund、、、、••••

DIRECTORS:

5,000,00 1,000,00

Hon. Mr. Chow Shou Son-Chalreist. Feng Ping Shan Mok Ching Kemal Li Roon. hpm P. K. Kwok

Ng Ching Lak Poug Wal Ting

Wong Yun Tom Huyuh Ta

Kan Ying Po.. Chan Ching Sh Exchange business transacted. Den Every description of Banking granted on approved securities.

SAFE DEPOSIT BOXES to le KAN TONG PO,

Chief Manages. Hongkong, 18th February, 1928.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY)

Hetastarne 1891. Honorowe Baron Extazzinom 1908

Pald-Up Capital G. 80,000,000 46666

athorised (apital 4,180,000,000 513,500,000

Poland, Hungary, Czecho Slovakia large part of the costs of the war | Hitama, nte Brmer with buyers at the shape of literature" the bank the Government has approved the Special Reserve...G. 21,600,000 $1,200,000

Russia, Latvia, Lithuania, Finland, Sweden, Switzerland, and Holland.'

A POPULAR FALLACY. "The idea that after a war a had been handed down to posterity was, to Lord Bradbury's mind, complate fallacy. The costs of a war, in the proper sense, were paid during the war.

ors offer at 87 Kidding 771⁄2. United | noted 1.63 1.67 and

$2.75 Talama have buyers at

sellers at 78 Idris) med at 35s. od.-36s. 3d. Rokas partlys have buyers.at 3 cents discount, sellers asking par. 1.53 sellers holding for 8:56 Kind ve buyers at 1.06 with Pat are quoted 1.64-1.68. sell1.08.

Ulu Yams have bu398. with sellers at 416. Takire quoted 26s. 6d. 275. Telus have buyers at 1.15 ex wors at 1.17 ex Batang Padan quoted 63-65 cents and Rap us at 1.63-1 67. Kuchals ord. ab improved to buyers 1.46%, sellers asking 1.49. General Unchanged.

"

CHAMBERLAIN'S COLIC AND

· DIARRHOEA REMEDY. Remedy possises one unique charac Chamberlain's Cello and Diarrhoes

teristic among medicines. It is made

mp

DISADVANTAGES OF VICTORY. "If Mr. Norman Angell over writes a postscript, based on the xperience of the late war, to his

You could not expend on the Europe's Optical Illusion, this purposes of Aghting, or on any very interesting list will give him thing else, anything you had not a text for a new homily on the dis- got. War.debts were questions not advantages of being victorious. In of payment but of repayment plated Calendar Month at par cethe original work he very nearly One was apt to associate debt with per annum. Should there be no balance succeeded in showing that France poverty. But so far as these war: on any day in a month no interest will had prospered more vigorously on debts were concerned, the world in defeat after 1871. than Germany | general was neither richer nor bad on victory; and now we flad poorer as the result of them. have rescued their currencies from at the present moment in this that in this list of countries that "The pressure of internal debt afterwar disturbance, the con- country was without the least, spicuous absentees are those which doubt a serious handicap to indus- were most prominent on the wintry and production, and the country wing side-France, Belgium, Italy, was impoverished to the extent to Greece, and England." (England which production was impeded solely and only for the one purpose of has since reverted to the gold That was an indirect effect, not the immediatal Hering avere pain in standard.)

direct, of the existence of the debt. `the stad bowela, for intestinal "The successful countries have "The debt which a country owed

ver the cause) colfe and diarrho THE CHARTERED BANK OF really had little excuse for joining redistribution of national wealth.

been, naturally, the neutrals, who to its own citizens represented at handy.

rary family should keep Asale everywhere. INDIA, AUSTRALIA & CHINA.in the war time outburst of currency A debt which a nation owed to a debasement; also Germany and foreign country represented a call Austria, the protagonists on-the by the creditor country on the pro- defeated side, the Succession duction and wealth of the debtor. States carved out of the dis- "We had in this country a debt membered Empires, and Russia, charge of, he supposed, something which began on the side which like £400 millions a year. We had finally won, but diverted her an annual indebtedness to the energies to revolution and political United States of America of £30 experiment," Mr. Withers conmillions approximately, which tinues.

would rise in a very few years. "The

most interesting fact time to £40 millions. We had in about the currency restoration of addition to that the loss of Ameri the chief defeated Powers is that can assets Terüitlög ras it was carried onf largely through the assistance of external financial aid, provided chiefly through the influence of Powers which bad helped to bring about their defeat.

INCORPORATED BY ROYAL

CHAPTER, 1858.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£3,000,000

··········£4,000,000 Rasarve Liability of Pro-

priators

.£3,000,000 FOREIGN EXCHANGE and General Banking business tranzacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year riod at rates which will be plication.

A. H. FL. USON, Manager. Hongkong, Apr 16, 1925,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:/ 96, Boulevard Hauseman, Paris. Babecribed Capital. Fr. 72,000,000,00 Paid-Up Capital .... Frs. 68,400,000.00 Barve Fund ......Frs. 50,057,283.54 BRANCHES:

Fangkok Battamban Oktop

Of bout! Haiphong Besker Emai

Hongkorx Meagle Noumea Papence Peking Paom-Peas Pondicherry BANKERS:

Bulga Shanghai Singapore Timotein Tsirana

Yunnanfa

IN FRANCE: Comptoir National d'Encompis Parla; Credit Lyonnais; Eanque de Park at Pays-Bas; Credit Industriel et Corelai Balote Cerale.

TV LONDON: The Nesio! Provincial & Dalga Bank of Engisait, Ltd.; Comptch National d'Escompte de Paris, Credit Lyonnais IN NEW YORK: 1, P. Morgen & Co, Franch American Banking Corporation; Hoaranty Trust Co. of New York.

inter allowed en Currmi áccounts sad Mixed Deposita according to arrangemen

very description of Banking and Rechange Business fracted

A. LECOT,

Manager Mongkong, March 20, 1924.

THE YOKOHAMA SPECIE

BANK, LTD.

Established 1880, Capital (full paid-op).. Yes 100,000,000 Reserve Fund .............. Teg 80,500,000

Head Office:-YOKOHAMA Branches and Aganeled at:

Batavia. Bombay.

anos Ayres. hangchu

Dakren (Daby).

Fongtian (Mukden).

Warbin Memolnin Kal Tren Sobe

Newchwang New York. Oszka,

Peking.

Rangoon

Rio de Janeiro. Saigon.

San Francisco. Seatila Shanghal Sunnuath Bingapora Soerskaya. Bydney. Tiental

Tokyo. Teinenta Tringtan Vladivostock interest allowed on Current Accounts. Dappaita received for fixed periods at

to be obtained on application..

OARDMA,

Manager. gkong, 11th March, 1925,"

öf.

Fund G. 30,045,038 2 1,070, HEAD OFFIÓN:~~malardam, KASTEEN HEAD OFFICE :-Batavia, BRANCHES 1-

Bandong Bomber

Djember

Calcutta

The British Commercial Secre- Ample facilities are available in tary at Buenos Ayres reports that estimates prepared by the Depart- announce, At one end of the room

tend to the requirements is a counter where officials will ment of Sanitary Works for the following water and sewage dis- posal works: San Francisco, Bermala clients,

$3,662,827; San Isidro, $6,108,- Dojakarta The ladies room is decorated in 283; Vicente Lopez, Olivos, Barto-Kota-Rad green and gold, the walls are of plaster panelling, while the general $5,384,506. The Department of Bottaram

lome Mitre, and Florida, Padang design, electrolier and furniture are Sanitary Works are authorised to poss all early Georgina, the site of the old Vestry Hall of of Buenos Ayres.

This "reform" hank stands on the Government of the Province sign the necessary contracts with

EXCHANGE.

St. James, and is so built that it makes an admirable foil to Wren's church, which the unster builder

feature of the bank is a magnificent himself considered one of his best .contrived churches. A notable Georgian coiling designed by Sir Un Load

Akung Bune 196 Edwin Lutyens.

To mark the opening the Midland Bank, Timited, have published a quaintly-bound and illustrated brochure, "Landmarks in Piccadil- ly," for which type purchased in 1672 by Bishop Fell for the Oxford. University Press has been used.

LOCAL SHARE MARKE”

OFFICIAL DUOTATIONS

10.30 AM.

*ck Exchange

Bank, Vire..

增

On demand.** 33 day's sight...

... 3 ne

4 months' aight-

Documentary, montus night a

Credits. 4 months' sight ...-

Con Part-

on.demand

Credits, 4 month

Os Berlin-

afghand

On New York-

Op Calcutta-

On demand

Pas

Oberibes

The Hague Kobe Mecamar

Palembang

Pontianak

Batzarang Boarubasa

Tilation

Mednar Penior gua Rangoon Shanghai Boerakarta Bole)

Wel Levredn

LONDON BANKENS:- National Provincial Bank, Ltd:- Correspondents all over the world. BANKING BUSINESS OF EVIN DESCRIPTION.

M. J. HERBSCHILD,

Agent

Hongkong, November 4, 1924.

.11

司公理管業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE. DE CHINE.

ETABLISSEMENT FRANCO URINOIS.

(Incorporated in France).

B

5, Chater Road, Victoria, Hongkong. HEAD OFFICE: 74, Rue St. Lanph Paris,

Subscribed Capital fully

... 1180

1783

BOID.

Un demand

Credits, 60 dase si ba

In Bombay--

Wire

On demand

JUNE 13.

JNE 19, sharebrokers* Saeediation.

Wire

Bank

Back,

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

London

On Singapore-

Qu demand

and on Shanghai

9/30 2 703

1/9-7/8

871

Qw Marlis-

7:

1976 sa Landon-£138 D

# 1980

On demand

b. 291-1

Shanghai

decorad...

Bom,

b. "A" DIRA

dis days' sight(private paper)

Ode okohama

Do dosad

Paria: Boalete

1254

Gold Lost, 100 dne (per teel)

Namos

do.

A7

of securities for the purpose or arcantile Bank AB 2-1/1 b. financing the war, which might be

£13.1/8 h represented as the equivalent of something like another £40 mil- lions.

We might say, therefore, that "So that Mr. Angeli will be in relation to America, so far as the able to show that one of the war was concerned, we were about liabilities of a victorious modern £80 millions worse off than before Power is an obligation to provide the war. That drain upon the pro- ways and means for setting the duction of our country was a direct defeated enemy on its financial and real annual loss. The cost of legs again, and, if it carves slices the internal debt was a mere redis- out of the defeated enemy's tribution, if often an awkward one. former empire, of providing the new States that are thus created with the finance required for their start in life.

MAY RUBBER RETURNS,

From the.point of view of the nation, continued Lord Bradbury, these foreign obligations were, therefore, very much more serious "The reasons for this obligation than the internal debt. The diffi- may be, as in the case of the assist- culties and troubles arising from the

given anco

to Austria and internal debt could and ought to be Hungary, chiefly, charitable, or met by wise financial statesman. they may be based, as in the ex- ship. The difficulties arising out of the belief that it was the only way which could only ultimately be mat ample of the loan to Germany, on the foreign debt were ditalculties to secure indemnity payments by hard work, high production, but whatever the reason, there the and intelligence on the part of the curious fact remains that the community." victors have helped to put the vanquished on their legs again as far 18 currency matters concerned, while among the vic-Ayer Kuning-53,000 lbs. tors the United States alone are on Bradwall.-42,682 lbs. the gold standard, but are Bukit Lintang.-23,000 lbs. seriously embarrassed by the pos- Bagan Serai.-32,000 lbs. session of a mountain of gold, Batak Rabit.-25,000 lbs. while the currencies of the others Chimpul-18,300 lbs. are in a state of varying instabi- Colinsburgh.-20.547 lbs.

Chersonese.-56,941 lbs, Lord Bradbury, too, the financial Dennistown (Krisa F.M.S.)-26,000 expert whose signature appeared Henwood.~.8,000 lbs. on our first paper money, dis- Havea -20,600 lbs, cussed this question in a speech Highlands and Lowlands.-108,200 recorded In the "Manchester lbs. Guardian":

lity."

are

Jasin.-13,000 lbs. "It was believed very generally Krubong.-12,061 lbs. by practical men by statesmen, Kurau.-19,100 lbs.

by economic experts, that a Krian Plantations.-33,000 lbs. world-war, if it broke out, would, Kempas.-47,000 lbs. owing to the disturbance of Klabang-24,300 lbs. credit and industry, necessarily Lendu.--20,000 lbs. come to an end in the course of a Merchiston.-17.300 lbs. very fow wecks' time.

Mandai-Tekong:-8,185 lbs.

That opinion was held almost Merliman.112,317 lbs. universally; and the fact that a Majedie (Johore)--11,000 lbs.. long and exhausting struggle Muar Itam.-13,127 lbs. could be carried on, and by-Muar River. 42,500 lbs. emergency expedients the cla Narborough (F.M.S.)-23,220 lbs. barate machinery of money and Penang.-253.500 lbs. credit could be adapted to it, was Perma-17,760 lbs. a surprise, he thought, to almost Permata,-5,503 lbs. everyone who had given study to Pegoh.--62,120 lbs. the question.

Pusing Rubber and Tio. (Bedrock

Estate)-5,600 lbs. Rubana 66,500 lbs. Radella-10,500 Tbs. Rambla 30,000 lbs.. Sokong.22,100 lbs. Sabrang-17.300 lbs. Straits. 174,000 lbs. Shanghai Kelantan wel5,000 Sungel Bahru -38,000 158. Sungel Krian.-58 500 lbs. Sungel Way --48,311 lbs. Tall Ayer.71,500 lbs,

"From a situation in which wo were inclined to paderestimate the powers of the modern financial organism to adapt itself to new cónditions we passed, Lord Brad bury feared, to the opposite extreme.

"Having found apparently that fl-was possible to stimulate produc tion to an unheard of extent, and notonly to stimulate production but to extend the apparent monetary resources of nations beyond the limits of which anyone had pro- Sir Maurice Levy has been viously dreamed, we began pretty elected chairman of the Midland generally to better", that the Wholesale Clothing Manufactur

eraAssociation, with METALL

P. & O. Bank in East Anis Bank... Marine Insuranoss Canton Insurano... Obiza Undirs North China Insurance Union Insuran06 Yangtze Insurance Fire Insurances

IN

b. £118

4/1

nt

b 166. 287

2-11

971 D

D. 100

150 b.

h, 760

41 0.

Ti40 m

187 b.

$0 b.

. b 10

250 b

ከ 16

b h7·

B. 19

China Fire Insurance ... Hongkong Fire Tasurance... 670 b shipping

H

Donglase..... B.K. Steambosta

38 n Hongkong Turn and Lighter 476. Indo-Uhlias (Prof.).

do..

*

(Dest.) do. (H.H. Rog.). Shell Transporta Star Ferries Water-bosta Refineries

•Oriental Wax Com Chin

Bugar.... Malabon Bugar

Mining

Bengueta Kailan Mining Adm Langkata....

Shanghal Loans

10

*

יזם

47.50 Boveralgus (Bank's buying rate) 0.57 Silver (per o.)

31.11.

SUBSIDIARY QUINE.

Hongkong 50 centa nb,

pár.

Н

10 5

per

Canton coins -

Bar Bilter in Hongkong Chinese Copper Choli.... Chivers Copper Cente... Habo of Naira Interest Chinees Bub. Coln Hongkong Bal Col.....

M

-- 3 % dio. ...328 Y dia. Bom. 10% pm.

paid-up

Besurve Fund

Fri. 10,000,

Fra: 10,790

Working fund provided by

THE BANQUE - INDUSTRILLAN

DE CHINE

FT%. 54,000,000,

BANKERS:

Generale, Bend,

Banque

Nationale de Credit

Paris et des Pays-Bas,

London: Midland Bank, Lid.

New York: Irving Bank Columbia Trang-

00.

Every description of Banking 10 Exchange Business transacted. Come spondents throughout the world.

M. FITZ-HENEY.

Manager Hongkong, 18th February, 1928,

17% cat THE BANK OF TAIWAN, LE 97)% dis

(Taiwan Ginko.) piz.

THE BANK OF CHINA 行銀國中

38

A

BO 4.

90 5.

0

84/ b

7. 84.

---817 a

801

17-1

D 155

69 n

43

+44

2.40 n 60% h Comb. T18.1% a Ta.

b. 18

b. 7.

Reserve Fund

Shal Explorations... T 5. Bingle Langkata T1185 n.

Raabe

Trench Minds

Ural Casp. 4瓢

144

Dooks Wharves, Godowns, &e.

H. & K. Wharis

No ge

H. H. Engineeringy Landu, Hotelu & Bullálugé,

H.K. S'hal Hotale

b. 141

1.

&W. Dock...

192.1 114 D.

190

111

Shanghal Bangkews ***

T: 200 n.

h

S'ha!

136

16

1

..

--13):b.15.60 an. Huw-

831-8

10-11 n

* 12

b 891/1

M

b 19..

150 n. ...b

10 m.

150

Hongkong Lande

B.K. Bety

Humphrays Eat

Kowloon Ends

Princes Balding...

HE. Ferrierialen. Burst Lands

Cotton Ma

كيد

Ewe Cotton Mills, Lód. ... T 103 ma

Kang Yika.

Lou Kun MOWE

Orientala

Shanghai Cotica Yangiamopcio Misoslinaogus,

Cabo Low Comentee

Dements "Combined China Lights (Old)

b. & ax 4-1/2

*

b. 2-12

10

T. 3,90 B

7 57n da❤ THA.

#57 New 51 n.

7-19 b.

10. Now

Olas Brevidents 15 & Her 14 a

(w) 10 n. Coush. 31 6 22 a 31-80-8 ̃ ̄ China Providentur Combined 47 The B.K, Development à n. 80 Cente Dairy Farm 20 H.K. Electriot Micso do

(met 74) a

Hongkong Amacanada 290 212 6.

Hongkong and Osason Loosen

18) 0. Day 0 n

A SH Wew 21 as Coub b 300 as 261/8t n. 10 How W}" ! 15:30.

Cdma a 48-1

b. 60 Coats

11 201

t& in 734

b. 104

b. 71

a 11-1/8 Kom 10 s

"Peak Tranewsyn. (Old)»««

b. 214.

(New)

· 31 s. Nov 30

wm

Hongkong Hopes in 18 på New 10.90 %. hoped Combin

Henricong Zramwaya..

(Epecially Authored by Presidential Mandate of the Republic of China on the 22nd of November, 1917). Authorised Capital $80,000,000.0 Pak-op Capital

$18.278,608.04 $ 0,899,433.34

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 Bankers:The National Provis

cial and Union Bank of England, Ltd. The Guaranty Trust Company of New

York

New York, Bankers: The "Erving

National Bank.

The Equitable Trust Company of New

York

tion.

Incorporated by Special Imperial

Charter, 1899.

Capital Subscribed

Capital (Paid-up)

Reserve Band

.... Yen 60.006.288

Yen 52.50**

Yen 12,080,000

HEAD OFFICE: TAIPEH, FORMOSA.

BRANCHES:

JAPAN Tokyo, Yokohama,

Osaka FORMOSA Giran, Karl,

Keelung, Marung, Nanto, Ph Shinchico, Talohu, Tainan, Taken. Tamsul, Tobyen; Ako. CHINA-Shanghai, Hankow," "Amy's

Fouchow, Swatow, Canton, OTHERS.Bangkok, Hongkong, Singil-

pare, Boerabaja, ·SILEICHENG Batavia, Bombay, London, Nesi York, Calcutta.

LONDON BANKERS; London County Westminster

Part's Back

The Bank has Correspondanin in the Dommaranč Or is the Karopean Costisant, But, Philippi istants, fats, and Datak TIM, ANG muda Tulagtas, Yapsa, Ludo-imina, Blais, Latin,

Insert allowed

Internet allowed on Current Accounts and Flied Deposits. Tarmis on syphice Gatent Auta, and Wind Deyerler which will be quoted en appčias-

Z. YAMAMOTO, Manager.

Every description of Banking Bank | Baby nous transacted.

Loans granted an approved securities. Special facilities for Home Berbang

TSUYEE FEL

#MALLER...

HONGKONG BRANCH:

Des Your Bond Central Hongkong, 5th June, 1924.

INVESTMENTS

-il

We shall be glad to quote upon any share whether business

in negotiated or not. Share fists sent upon requent.

60)

300 100/1000

SMALL LOTS

We Sell

210

Oientale

500 Rp (old)

We Buy

100/50 Ohio Lights (now in old ) 100/300

Glossies (Rubbers)

Allagar(Rubber) Underwrlism"

100/500 Line Opawforda

100,087 Providente (now).

500 Rope (w}\\\

100 Bhel

100 Thins Bagsei @ 01

61

P0.make ✪ Lil}

100 Hongkong Amuretsents

800="ILK. FIGðriča Tay Jonson,

500 Howls for June. Belt,

Waterbouta

200. Taxis

300 Baltiou

Developments

·300/500 Clogs

1,00/500 Gamants

-606--Casita Totay

500 Hongkong Tram June Batt. 100 Shagh

WE BUY OR SELLIN

SMALL INVESTORS