1925-06-20 — Page 2

Page

HONGKONG G & SHANGHAI

BANKING CORPORATION.

HEAD OFFICE: HONGKONG

ני

AUTHORISED Carızal.............. $50,000,00 E

COMMERCE" AND FINANCE.

BELFAST LINEN.

!

PIECE GOODS..

CASH TRADING SUGGESTION.

May 6.

THE CHINA MAIL.

FRENCH ELECTRICAL

GOODS.

-

STEADY DEMAND PROM EXPORT

MARKETS.

VANCOUVER TRADE

SATURDAY, JUNE 20, 1925.

LIMITED

HEAD OFFICE; HONGEONS.

Authorised Capital

Reserve Fund...

Pald-up Capital

1

+$10,000.00m

8,000,00 1,000,00

DIRECTORS:

very weak No charterera. The THE BANK OF EAST ASIA ́rate has fallen to 12 cents" per MARKED DEVELOPMENT SHOWN. [picul... The Charterers of the Japanese .. Busho Maru Oxed at There has been a marked 21 cents at the beginning of May development in the trade of the would be pleased to cancel but port of Vancouver during 1924 offered a too small. Indemnity The favourable balance in the The following table shows the which was refused. No frosh French export trade in electrical | Increase in the exports from the fixtures to report, Hongkong is whole-heartedly in goods noted for the first dix port during 1924 over those of Flax. The Irish markets are favour of cash trading in plece months of 1924 was maintained 1920:

the Hongkong throughout the year, the second now practically closed for the goods, Season as scutching is finished and Correspondent of the "Manchester half of the year showing a greater supplies are all from stock, due to Guardian Commercial." In order volume of business than the first. H. F. White, Eag-Deputy Chairman. Krowers who were holding for to obtain the widest possible In the following table are shown

ISSUED AND FULLY PAID UT 890,000 FORTNIGHTLY MARKET REPORT. KESERVE FUNDA -

STERLING £4,500,000

SILVER $26,500,000

BSERVE LIABILITY OF

.PROPRIKTORA...}

COURT OF DIRECTORS:

G. M. Young, Esq.-Chairman.

W. B. Bell, keq,

Hon. Mr. Dary

D. G. M. Levard, Pu? W. Patienali

A Penturie Hon Mr Hall T. Wall. K

AH. Compton. Exp.

CHIEF MANAGER:

A. II. BARLOW. Eng.

"LONDON BANKERS. Westminster Bank, Ltd.

all season

Latvian Flax,--The Latvian Government would cut slightly for a bulk quantity but demand con- tines very sluggish and no busi

Interior supplies are reported to be diminishing. Pessants are now busy with Beld

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIRED DEPOSITS received for one year or @horter periods in Local Corrency n Berling on terras which will be quotedness passing.

application.

Bongkong, May 26, 1315.

adherence

writes

to this method of the figures for the whole of the trading, which piece-goods ime year and, in parentheses, those for porters have decided to be in the the first six months of each year: best interests of all concerned, a special effort has been made to get

to subscribe to the method with

Frands

Grado........Bosbol

Ba

Load and

41.814. 43,057...

KIEL CANAL.

1020

1024 None... 55,873,788 4,002

Traffic through the Kiel Canal 930,085

last year had more than tripled 1,614,207 since the close of the World War 10 and the total tonnage surpassed 1,628,842

In the latter year 380,083.505 58,382 vessels with a total ton-

42,000 that of 1913.

The steady progress of the port nage of 10,349,929, passed

spelter Slabe ApplesE0%B8 Wood paipales Salmon....Canoe 564,415 Lember. 94,000,000

Four years ago there were

operating. of vessels in 1918 was 15,929

EXCHANGE.

on London

Hongkong, 19th Jono 1898 Bank, Wira...- On demand

*** 1/9/18

H

" 30 day's sight...

Hon. Mr. Chow Shou Son-Chairmail.

Fung Ping Shan Mok Ching Kong

Li Koon Chun

P. E Kwak

Ng Ching Lok

Wong Yun Tong Huyuh Tal

Kan Ying Po Pong Wal Ting Chan Ching Shell Every description of Banking S Exchange business transacted. granted on approved securities:

SAFE DEPOSIT BOXES to lelle

KAN TONG PO,

Chief Manage Hongkong, 18th February, 1925,

HONPHONE BEATION ESTABLIKKID 1208

Authorised (apital 4,160,000,000 £12,500,098 Paid-Up Capital.... 90,000,000 $6605 Bewerte Fund 20,045,089 A 1,076,418- Special Reserve...G. 22,680,600 4. 1,388,000

better prices, but are now gradually disposing of their flax. On the Continent demand is better forthe lower classes of Flax as the Con

EXPORTS tinental Spinners are all buying

Value (000's omitted) Weight in

Is Illustrated by the Increase in through the canal. The number and prices have advanced. Any importers who are not menibers of Your

quintala. the steamship linca small supplies of prime flax the General Chamber of Commerce 12 473,017 (1DP 768) 236.900 (100.802) Manager: Shanghai-G. H. STITT. Esq. offered are quickly bought up at the result that the slunatures of 22 198,41)- (84,BAL) ..120,968 (62,804) Į regular lines. In 1921 there were year's

12 aggregating 4,720,000 tons. Last 271,388 (177,801)...186,038 (83.200)

traffic showed unchanged prices, as

42,878 NEDERlandsche hANDEL 21. In 1922 36, in 1923 42, and this vessels with IMPO - TS this class of Flax has been dearer practically every firm interested 1940,200) 832 (41,007) number is

a total tonnage, of being

MAATSCHAPPIJ. maintained.13,484,162, relatively than the lower end.

in the business have been appendi 18,70 (64,808)... 80,972 (97,430) There is a monthly average now ed to the agreement. In a state 19902112.00 (48,013) 84398 3,194) of $1 foers salling from the port.

(NETHERLANDS TRADING SOCIETY,) ment on the subject the Chamber The excess of exports over in Last year 18.387 ships with a says: "It was highly satisfactory |ports-umane orhole of 1924 was tonnage of 8.956.489 entered the

EZZANLITARD 1824. to find, when carvassing"

for 112,500 quintals and the difference port. It is estimated that since signatures to the agreement, that in value 328,715,000 frines, but a 1920 the import freights have maintenance of cash trading and a detailed examination of the increased three times, and "the standard contract are universally Customs returns reveals the fact export six times. considered by Importers to be in that the first nine months of the Esthonian Flax.-Markets at the the best interests of the piece-year accounted for an increase of HONGKONG SAVINGS BANE as holders are reluctant to accept that the whole strength and willity ceeded those of 1923 by 141,659,000 are sparsely supplied goods trade. On this there was 103,692 quintals and 256,581,000 complete unanimity. It is manifest francs. The exports for 1934 ex- the lower prices now being offered of an agreement of this nature can franes and 68.352 quintals. TX business of the above bank a Soviet Flax.-Some

conducted by the HONGKONG parsing, principally to the Confest on no other foundation than A comparison of the import

the whole-hearted support, AND SHANGHAI BANKING COR tinent, but not of the volume operation, and integrity of the that last year the value, expressed during the first days of the fort- On New York-

co figures for 1913 and 1924 shows PORATION. Rate muy be lain.

sellers would like to see. Offers on application

for bulk are still being invited.

signatories, and strict adherence in francs, was 16 per cent greater INTEREST où deposits in enlenkates

to both the letter and spirit of the than in 1923, whilst there was a Yarns -No appreciable im- so the lowest balance during each' com

provement in demand during the preement is essential. If loyalty decrease of 69 per cent in the ploted Calendar Month as 34 per cent. interval since last report.

is too greatly lacking the document weight, per nunum. Should there be no balee natural consequence there is a

becomes so much waste paper, and Electrical machinery and trans- o say day in a month no interest wil certain irregularity in prices and unsatisfactory conditions obtaining the value and weight of the exports. the trade will quickly revert to the formers account for more than half be allowed for that mouri.

Depositors may runler at their orders are dealt with on their

some years ago. It is hoped that and about one-third of the value action Balance of $100 or more to the merits. Spinners on their own all importers will realise the im- and weight of the imports. The Hongkong“, market is still very! HONG KONG & SHANGHAI BANK initiative have in many cases re.

duced production 10 a material portance of these .considerations most important articles imported weak, and, except from Japan, On Shanghai-

be placed FIXED DEPOSIT at For the HoxNG & SHANGHAI KINKIN CORPORATION, A. H. BARLOW,

Chief Manager, Hongkong 7th January, 1925,

CURRENT RATES

THE CHARTERED-BANK--OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1953.

HEAD OFFICE: LONDON,

....$3,000,000 £4,000,000

£3.000,000

Paid-up Capital Reserve Fund Reserve Liability of Pro-

prietors

FOREIGN EXCHANGE and General Banking business transacted.

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

oted on application.

A. H. FERGUSON, Manager. Hongkong, April 15, 1925,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE: 90, Boulevard Haussman, Paris. abcribed Capital.. Frs. 72,000,000.00 d-Up Capital. Frs. 88,400,000.00 Resorts Furd

Fra. 59,607,283.54 BRANCHES: Hongkoar

Turkok

Batuhang Meng-

Owaton

10thoriti

1:

Huon Bashow

ASIAES Pappete PAKlas For-Pent Pondicherry BANKERS:

IN FRANCE Comptoirtical

work.

moment

business

As a

any undue accumulation of stocks.

•

extent, and are thus preventing he undermined by concessions, and will not permit the position to Concerted short time over the trade inevitably to become larger, and

which, however small,

tend would undoubtedly have a bene-lead to instability. Cash trading amounted to nearly 30 million ficial effect.

and freedom from gambling were commercial security than in these essential to surely never more days of chaos in China."

CONTRACTS PLACED.

Weavers. We are experiencing at this time more than the usual between Seasons' dullness, and Manufacturers..can..only wait till demand becomes evident. There is a general curtailment of produc tion, and 'stacks are being kept in narrow compass, making in this respect a healthy feature of the

Contracts for the material for 90 | trade; thus, when demand does miles of new permanent way have. come, goods will have to be made, just been placed by the Bars! and in immediate improvement Light Railway Company, Limited. felt by all concerned. Merchants The company has recently begun are daily receiving prices for the the construction of an extension of various ranges of goods, but whe-their fine to Miraj (Bombay,) and ther there is actual business behind the new track is required for this. these inquiries time alone will tell

came

extension. The order for the rails, There is no doubt that orders amounting to about 9.000 tons, and are being kept back owing to the for the steel sleepers has beer recent decline in yarn prices, and placed with the United Steel 1 is felt that these will

Companies, Workington, while that for dishbolts and nuts is to be Aout immediately confidence is

stablished that, rock bottom has placed with Guest, Keen, and

Nettefolds, Birmingham. Later, een reached.

valuable orders will be placed for Merchants, Housekeeping. Goods. There is very little to new locomotives and rolling-stock record regarding business since and other equipment, for which it last report.

is hoped to place contracts with Demand till con tinues of a sorting-up nature. Alt British firms. indications tend to show that

In connection with their £14, stocks are being held in small000,000 renewals scheme, the

London Midland and quantities,

Scottish Dress Linens.New orders from Rallway have placed an order with U. S. A. are slow in coming for the Midland Railway Carriage and Sorward; stocks being available in Wagon Co., Limited, Birming

New York for immediate require trollies. These hig trolites have-a- ham, for aumber of 40-ton well ments There is, howevery steady demand from various ship well of 25 feet, and are for the Ding out-lets for White and conveyance of very heavy traffic. Coloured Dress Linens.

The Underground Railway Com- pany "have placed contracts with | the Foundation Company, London, for the driving of escalator tunnels at South Wimbledon and Collier's Wood stations on the new Morden loe extension. These contracts amount to nearly £50.000. It is expected that the Modern line will be ready for traffic early next year. The Egyptian State Railways re

Falgon

Tantain Ta. rang

compte de Paris; Credit Lycarnis; Banque de Faris et Pay-Han; Credit Industriel it Commercial relete Generals.

IN LONDON: The National Provincia é Uslen Bank of England, Lad.; Complet National d'Escompte de Paris; Credit Lynnual IN NEW YORK: J. F. Morgan & Co. Teach Amerless Banking Corporation

assaty Trust Co. of New York.

Faterrat allowed on Currex Accounts and

Wired Daposlle according to rangement.

stracted

very description of Banking and Exchange

A. LECOT,

Manager, Hongkong, March 20, 1024

THE YOKOHAMA SPECIE

BANK. LTD.

Etablished 1880, Capital (full paid-up).. Yon 100,000,000 Powerve Fund

Yen 80,600,000 Head Office:-YOKOHAMA.

Branches and Agencies at:

bay. PRIDON Ayres

Prehun.

Jahren (Dalny),

berse

Newcbwang. New York Osaka Peking. Rangoon. Rio de Janeiro.

gtien (Mukden). Saigon.

San Francisco. Seattle, Shanghai.

enkow.

Mei Yam

Angeles.

Megasaki.

Shimonoseki. Bingapore. Soerabaya Sydney. Tianisin

Tokyo. Tainanta. Tsingtau Vladivostock interent allowed on Current Accounts. Deposite roostred for fixed periods at andas to be obtained on application."

C. ARIMA,

Manage. Mongking, 11th March, 1025,

Hng Bings

Colony

LAST YEAR'S BUDGET.

AN INTERESTING QUERY,

"In last year's Budget Mr. Philip Snowden reduced the tea duty, which then stood nominally at 8d per lb., by one-half-nominally, ceived forty-six offers in response but not actually, because the bak to its call for tenders for trucks of the tea we drink comes from and vans. Orders have been plac- India and Ceylon and enjoys Im-ed with the Metropolitan Carriage, perial Preference. So the actual Wagon, aud Finance Company, of reduction of the duty was from 6d. Birmingham, for 500 steel box to 3-1/3d. per lb.," writes F. B. in trucks at a price of £E243 each, with the "Star.."

the Central Exportation Bureau "Mr. Snowden sald at the time Prague, for 500 steel box trucks at that he had received a guarantee each, with Fried. Krupp, that the reduction of the duty Essen, for 100 goods brake vans would reach the consumer.

at £8330 cach, and with Hugo "It did, instantly and emphati. Stinnes, Hamburg, for 60 goods cally. The Budget was introduced brake vans at £E295 each. on April 29, and although the re- duced duty did not come into force until May Son April 30, practically every shop in the country announce ed a reduction in the price of every description, of tea by 4d. per lb.

To the housewife It seemed almost too good to be true.

It was.

"Before very long the price of tea began to creep up again, and by September an all-round, rise of zd per lb. had taken place.

This is the actual record of a

Robert Stephenson and Co, Dar lngton, have secured the contracr for twenty heavy tank locomotives for the London and North-Eastern Railway Company.

The Bengal-Nagpur Railway have placed with Sir W. G. Arm- strong, Whitworth & Co., New. castle-on-Type, an order for 31 7-8-0 type locomotives.

Wam Gray & Co., West Hartlepool, have secured a contract for the repair of the 10,000-ton steamer, the City of Rangoon.

Greenock Dockyard Co.; have

well-known variety that has not received an order for a steamer for

changed in quality--

April, 1924 (before the

Hudgei)

May, 1924

September, 1924 ...

the General Steam Navigation Co. Per lb. The engines will be supplied by

5. d. Messrs. Ross and Duncan, Glas-

NOW,

3C, Watt & Co, Lanarkshire

3 Bridge Works, Motherwell, have 3 a received from the Dublin, Borough 34 Commissioners the contract for the "Since then there has been noidening and reconstruction of change in this.particular sort. and Annesley

December, 1924 ...

Bridge Fairview.

Blaments, to the value of nearly 44 were electric lamps, with metallic

and re-exports of these lamps million francs, while the exports

franca. Electric wires and cables. were exported, imports of these to the value of 52 million francs articles amounting only to 32 millions.

SAIGON RICE MARKET.

Ltd., of Saigon, in their fortnightly Messrs. Wm. G. Hale & Co., circular dated June 2, state-

The weakness of our market.

some business with Japan. But night under review determined

when hly a few. thousand tons were bought, and whilst some dealers were expecting a further drop, prices advanced again, stopping all transactions.

It is rumoured that the crop in China is deficient and though the

17

foreign countries, our market there is no enquiry at all from closed firm. at a cheap price and stock their Paddy-Detentors refuse to sell

to expect a real improvement in in want of money, it seems difficult paddy. As they are not greatly

our market in the near future.

Freight to Hongkong.Market

L..

LOCAL SHARE MARKET.

Naroes

Bank H.A.B.C. T.T. on selling rate

London

OFFICIAL

QUOTATIONS,

JUNE 1.

10.30 A.X.

Stock Exchange

JUNE JB. Sharebrokers' *sociation.

Bank

2/3-3/8 70% 1890

b. ** A **-0904

b. 2111

ты

3/8.3,8 and on Shanghal IM 73% Rong Banks 1278 b & sa Looden-£196 a Charte Bank

ew.18 1. Morgan

Tha} A B £22-1/2 b. 218-1/6 h.

·P.A.0. Bank East Asia Bank Marine Insurances

· Caption Insomnes... China Undire

China Fire Insurance Hongkong Fire Tarranco... 870 b. Shipping

Dougians...

B.K. Steamboats...

38 a

Hongkong Tugs and Lighter. 444. Indo-China (Prat.

a. 700

4 months' sight - Credita, 4 months' sight 3/4-2 Documentary, monthe sight 2/4-4 On Parts-

On demand...

... 1180

Credits, monthy' sight. 1980- On Berliz-

On demand...

On domand

HED OFFICE Azterdam EASTERN HEAD OFVICK :---Fatavia,

BRANCH TH

Fjember

Bandermain Bandoeag Bambar Chlontis

Cheriton The Hague Kobe

Kota Emla

Rotterdam

Djokjakarta

поло

Padang

PROAD

Credits, 80 days' sight - 563 On Bombay-

Wire On demand. On Jaloutta

Wire

5

H

Alegayon

Tagal

Ми

1511

On demard On Bingapore- On demand On Manila-

On demand

On demand..

-

D

#74

ست

f

877

1111

Erm..

135)

10 dage sight (private paper)

Sovereigns (Bank's buying rate) 8.57

On Yokohama Gold Leaf, 100 fine (per tael) 47.30

On demand.

Bilver (per ok)

Ved

HUBSIDIARY OWING. Hongkong 50 anate sub,

+

»

17

73

4

10

Canton coins Bar Silver in Hongkong Chinese Copper Cash...

Chinoco Copper Cente...

81.11/16

JEN 7, dis.

***

par. DAY

3 % dia.

9% pm.

10% pro.

6

32% die.

par.

Rate of Native Interest Yout Chinese Bob Cola Hongkong Bah. Cuin. ........

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:

14, Gracechumb Street, Loudon, E. CL

Authorised Capital

Subscribed Capital

Fald-up Capital Reserve Fund

BANKERS

£8,000,000

1,800,000 1,050,000

1,300,000

The Bank of England & Midland Bank, Ltd.

Bangtok Gala

Bateria

BRANONES!

HOREHOSE Bumps HOSTAN_ Olivia Randy Colombo cal

Kobe kara

مخلوق

Ken Lamyer Zangoos

Madras

Abantb

New York

Fort Lau apore

HONGKONG BRASCH,

Bourabaya

Every description of Banking and Exchange boss"

om transacted.

INTERENT allowed on Current Accounts at 1 ye

Мусика

Paleo Pink

PanarnLg

Sourat-

Tilla

Meda

Pacalor gas

Rangoo

Amoghai

Boerakarta Bolo

We'terreden

LONDON BANKERS:--

National Provincial Bank, Ltd.

Correspondents all over the world.

BANKING BUSINESS OF EVERY DESCRIPTION.

M. J. HERBSCHLIL

Agunt

Hongkong, November 4, 1924

公理管業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE DE CHINA.

ETABLISSEMENT FRANCO

OHINOIS.

(Incorporated in France),

5, Chater Road, Victoria, Hongkong HEAD OFFICE: 74, Rue St. LasaPG-

Park

Subscribed Capital fully

paid-up Reserve Fund

Fra. 10,000, Fr. 10,700,0

Working fund provided by THE BANQUE INDUSTRIELLE DE CHINE

Paris:

Fr. 50,000,000,

BANKERS:

Societe Generale,

Banay

Nationale da Credit Banque Dé Paris et des Pays-Bas,

London: Midland Bank, Ltd.

New York: Irving Bank Columbia Tranq· ·

Co.

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

M. FITZ-HENRY.

Manager

Hongkong, 18th February, 1928.

nat per annan on Daily Balance mad on Fix THE BANK OF TAIWAN, LIB. posite at rates that may be ascertained an applicaties

"

£ 11.

971 a

160 b.

b. 780

4. D.

#4-1/4

North China Insurance Union Insuranco... Tanztaro Insurance Pire InsuraUCON

T140 n

287 t.

b 286 ch. 297

40 b.

b. 50

200 b.

b. 196

b. 670

1219

u. 4.30

11. 98

100

1. 84/

811 n

E BOL

17-1/4 D

n. 17

255.

* 355

55 д

11 49

bia

☐ 51

1.40 z

Authorised Capital

60/- b

Paid-up Capital

b. to

Reserve Fund

b. 5t

2. 18

-

do. (Def.) da.

(H.E. Reg.) Shell Transporta Fear Forried Wator-boats

Oriental Nov. Co. Refinerles

China Sugar and Malabon Sugar

Mining

Benguets

时

+34 L

+

Kailan Mining Adm..... Langkatd...

+

མ

38.

20 8.

90 a.

847- b

Oomb. T18-13 n Shanghai Loans

STJ.D. S'bal Explorations... T in. Angle Langrats

T19.85 z. Raubs

? n 80%

Trouch Mines Ural Casp.

Dooks, Wharves, Godowns, &c.

B. & K. Wharfe

B. & W. Dock Shangha! Rongkowa New Engloserlagt. Shal Docks

E. K. Engineerings Lands, Hotels & Buildings,

B.K. & Shal Hotels HongYong

116 41. T 900.

*198-12 n

# 190

b #

136

Tot =

T 176.

131b 13.00 SA NATM----

881-9 4) b.

-b. 83 1/4

M

10-1

:

150 a.

T

B.K. Realty. Humphreya Estatin Kowloon Lands Princes Building.. H.K. Farritoriale... Rural Lands.. Cotton Mis

Ewe Cotton Mills, Ltd.: „Kong Yika Laos Konz

HOWS. Orientals. Shanghal Cotton Yangtacepood, kan Miscellaneous,

tot

+44

b. - & m 4-1/2

b 19

1. 160

b. 2-1/2

10-

T-10'

T. 1.03

4.

H

T 57 Now Tän

1. BY Naw 33 m.

→ 7-1/9 b.

15. New

n

+

Danton Icos.** Comenta Domenis "Combined Chian Lights (Cd),

do (New) -10 Domb. 21-6 at 31-50 China Provkinis 15 a. Now 14'm Chins Providente Oombined 47. H.K. Developments

H.K. Electrica

Dalry Farm

Macao do

Hongkong Amnainents

10). Now $

Quam Bond Central,

Hoskop, Jabuary 22, 1926.

J. D. BOSH,

Acting Manger.

THE BANK OF CHINA

行

銀國中

(Specially Authorised by Presidential

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

$60,000,000.08.

$18,278,600.04

8,829,436.34

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 Fankers:-The National Prin clai 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 Ne

York

Interact allowed on Current Account and Fixed Deposita. Terms on applica Hon

Every description of Banking Burt Bess transacted

Loans granted on approved mecurities. Special facilities for Home Exchange

TSUTEL PEL Manager.

(Taiwan' Ginko.)

Incorporated by Special Imperial

Charter, 1890,

Capital Subscribed

Capital (Paid-up)

Reserve Fund

Ton 60,000,00G Yen 52,500,000: Yen 12,980,0

HEAD OFFICE: TAIPER, FORMOSA.

BRANCHES:

JAPAN-Toky¤;

Yokohama,

FORMOSA-Giran, Kagi,

Karenly,

Keelung, Makung, Nanto, Pi Shinchiku Taichu, Tainan, Takow Tamsul, Tohyen, Ako, CHINA-Shanghai, Hankow, Amor Poochow, Swator, Canton OTHERS. Bangkok, Hongkong, Sings.

pors, Scerabaya, Samaraz Batavia, Bombay, London, New York, Caleatis.

LONDON BANKERS: London Osunty Westminster HÍ Parr's Bank.

The Hank has Correspondente in the domain Cambrain Use Top Condant, Buda, Ma Failypiae idan far and Dutch India, Aut charla Tingtao, Japan, Tedn China, as, India Pula, America, Atiton, kas

Intarot allowed on Carat Acocrats, and Fixed Depoad be at tales watch will be quoted on spplies- Lois

Z TAMAMOTO; Manager.

HONGKONG BRANCH:

8, Des Vester. Road Central Hongkong, 8th Juna, 1924.

INVESTMENTS

We shall be glad to quote upon any share whether business

is negotiated or got, Share fists went upon request.

SMALL LOTS

Bomb. # 37

New

Comb.

Couch 6 302 us 207/9 a. 14 Now 11) 618 2

8+1}{%

We Soll

n. 80 Con --

b. of Deat

We Buy

懿 竣。

761

b & sa 73}}

600 300

Globeslis (Robbora)

100/500 · Ohina Lights (nów & old)"

n 17-1/1-Now 18 u

-- 600.

Rope (old)

100

Shells B

Hongkong and too loca→→

Hongkong Hope 18 . Now 10.10 m. hopes Combined

Pook Tramways (old)...

DD

Hengkong Tramway

871 6381

(New)**

0.35 1.

Wm: Powells

14 s

Lane Crawfords

•H:H-Cottruction

Watson's

as far as can be ascertained the Dublin. The preasut bridge has a gyang tokens price of all rons are back at the width of 34 feet, and the new

structure will be 68 feet wide. De

old level of a year ago,

Mr. Snowden estimated in hii Contracts have been placed by |Budget speech that the cost of the London Midland and ScottiKA relieving the tea drinker of half Kallway for new rolling stock for the duty would be £5,000,000 in use on the Cathcart" "Sorvlen, -the-last ** fivancial day ears and Glasgow with 2. Y. Pickering & £5,000,400 in a full year. Who la Cos. Wishaw, and Hurst, Nelson getting these- million 27*5) &Co., Motherwell.

Mackintos

to wo

210

Underwrite

100/1000

Allnigan (Bubber)

100/500 Lane Crawfords 100/067

Provident (new) Orientale

500 Ropar (not)

100.. Ohine Sugars @ OJ

P.&O. Banks @t

500: Hongkong Trans Jane Eytt..

100/300 Waterbosta,

200 Taxis

-300- Bolttes

260 Development

100/300 kuten Tee 100/500 Cement (rase"

509 Osmenta Xold)

100 Shang

AND ANY OTHER LOTS UPON. WE BUY OR SELL

SMALL INVESTORS

31

100

Hongkong, Amaenants

250

Hongkong Electrica

- 500---Elovals for Jané-Bette