1925-06-22 — Page 2

Page

HONGKONG & SHANGHAI

BANKING CORPORATION.

HAAD OFFICE: HONOLON.. AUTHORISED CAPITAL... $80,000,00 1190 40 AND FULLY PAID UP $20,000,( Reserve FUNDS -

STERLING... € 4,300,000 SILVER.......26,500,000

BESERVE ABILITY OF

PROPRIETORS..onomouį

820,000,

COURT OF DIRECTORS:

G. M. Young. Fzq-ChairsRİ).

W. F Ball, Es

Hon. Mr. 4.1. Lam.

D.O. Mernail, Hop! W. 1. Prilonduta, Fu.

A. H. Golapton, Bay. 3. A. Plummer, B.q. BonMr. P..Holyoak: T. ft. Well, Kay.

CHIEF MANAGE:

A. H. BARLOW, Bıq.

COMMERCE AND FINANCE.

FLOUR TRADE,

AMERICAN EXPORT

TRADE.

DRITAIN BIGGEST BUYER.

$

THE

CHINA MAIL.

WOOL PRICE SLUMP.

MILLIONS LOST BY IMPORTERS

tinued us to be termed an industial A romurkable slump in woel prices renaissance. And the soundness set in, says the "Daily Mail" and enduring maturs of this roroiu- {ot May 7.

aiurplus something like a panid in wool prices is now taking place. Nothing can be more likely than that a sharp upward reaction will Follow, though no one can my whether it will come in's Low weeks or in a few months.

That the world is Rocustoming itself more easily than some of us expected to reduced wool supplies is evident.

MONDAY,

ARDATH TOBACCO 00.

EXPANSION OF COMPANY'S BUSINESS.

The Ardath Tobacco Company, Ltd., manufacturors of State Ex press Cigarettes, state that the expansion of the Company's busi- ness at home and abroad has con- tinued during the year 1924.

rance is indicated by Secretary At the Coleman-street Exchango, Hoover's summary of the chief London, whore the Mag sales have characteristics of the yours

just opened, it has even been sug The country's ceonomić progress gested that the sales should be The United States is the principal through the advance in agricultural abundered owing to the lack of

The disposable nett proft after. MORE ARTIFICIAL BİLK: flour exporting country in the world prices, which had lagged behind in-nyers, but it is understood that they

providing for all taxation and charg Anthorities agree that the ing the whole cost of the Company's and ships enel year more than one-dustry since the slump of 1920: the will be continued, although it is excreased use of artificial silk may 1924 Exhibit at Wembley amount half of all the four that goes into beginning of the economic recovery perted that many of the 140,000 have some hearing on the wool to £200,253 in comparison with HL. P. White, Erq-Dopaty Chairman.international trade, according to a of Hurope through sound policies indles will be withdrawn.

situation, but," said one expert, £190,020 in 1999. comprehensive report on Trade in adopted in the German reparations About 3,500 bales were offered "it mnat be remembered that arti When and Wheat Flour" by, the plan, the complate recovery of yesterday, but the demand showed ficial silk has to compete against cot. Dividends on the Preference and After paying interim and Anal Department of Commerce.

American industry and commerce, no improvement, and there were ton as well as wool and if you take Preferred Ordinary Capital, the This trade, the report discloses, aside from agriculture, as well as gain extensive withdrawals of wool and cotton at 300 you will find Directors propose to declare a Divi- has made morked advances in the the stability of prices, high produc- lots,

that artificial silk is ropresented by dond of 25 per cent, plus a bonus last decade, exporta increasing from, full employment, expanding At the end of last year merino wool the figure 5. So that cannot be the free of Income Tax of 5/- per share

trndt and prosperity (14 tops) was fetching 68. 8d. per cause of the slump."

b. yesterday it could not be dis- hariels to an average of 16,796,000 throughout in business circles.

In the United States there is also for the five years, 1920-24.

The horn evidently received great posed of nå då. 73., and it is stated lessened demand for wool, Of the pro-war shipments | impalu from the Republican elee that private offers of consignments. 14,608,000 barrels, or 43 per cent,, tion victory, and some Democratic at Be. Dd. failed to find buyers.

GOVERNMENT COSTS. Some wool has been bought by went to Europe, according to the papers naturally blow rather cold on

To the United Kingdom the prevalent enthusiasm. But the spalators in Australia at 6s. 8d. report, went over 25 per cent of this total, New York Journal of Commerce" lb. and they now stand to lose at 78 per cent. to the Netherlands and also thinks the optimistic feeling has lease 29, on every lb. There are. nearly 2 per cent. to Germany, heen carried a little too far. It it is estimated, between 20.000 and Other countries of Europe received urges moderation, saying that "an 30,000 bales of "speculators' " wool 9.2 per cent, of the total average undue appearance of prosperity in the country, and the loss on this exports.

vances which few industries could will be about $750,000 in addition would bring demands for wage ad quantity ander present conditions to freightage, storage, and other Charges.

Manager: Shanghal--G. H. STITT, Esq. pre-war average of 10.679,000 Corvign

LONDON BANKERS, Westminster Bank, Ltd. CURRENT ACCOUNTS opened it BOCAL

and CURRENCY

FIXED DEPOSITS received for one year or shorter periods in Local Currency and Perling on terras which will be quoted

application. Hongkong, May 20, 1975.

HONGKONG SAVINGS BANK.

T

basices of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING COR PORATION Rules may be obtained On Application.

INTEREST on deposits is enloulated on the lowest balance during each com pisted Calendar Mouth at 3 per cent. per sunum. Should there be a balance on any day in a month no interest will Depositors may transfer at their opilon Balance of 8100 or more to the HONGKONA & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RACK

be allowed for that month.

For the HornKONG & SHANGRA

BANKING CORPORATION,

A. H. BARLOW,

Chief Manager. Hongkong 7th January, 1925..

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

INCORPORATED BY ROYAL CHARTER, 1863.

HEAD OFFICE: LONDON.

Paid-up Capital Eeserve Fund.*.***. Reserve Liability of Pro-

£3,000,000 £4,000,000

prietors............£3,000,000.

FOREIGN EXCHANGE and General

Banking business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year

NORTH AMERICA'S BIG FURCHASES,

The North American countries | stand... took about 2,450,000 barrels, or 23 per cent., of our total pre-war ship- menta of four, most of this going to the West Indies, South America'a share was 11 per cent. and Asia's 32 per cent.

COTTON MARKET.

MANCHESTER WEEKLY REPORT.

May 20.

Towards the close, however. support has been better and a Armer Continned tone has been evident.

Japan took over one-fourth of the

Conflicting influences have een total amount shipped to the Asintie countries; or nearly 6 per cent, of a work in the Americiun cotton mar the exporta to all countries, Only kets and prices have fluctuateil, re- about 1.5 per cent, of our Bourport Messrs. J. F. Hatton and Co... found its way into Africa and Ltd. Oceania before the war.

In 1920 our total exports of flour amounted to 91.600,000 barrels, nearly three-fourths of which went to Entop. In 1921 the percentage of our total shipments going to Europe fell to 48 per cent, in 1922 to 50 per cent. in 1923 to 17 per cent, and 1924 to 19 per cent. Those percentages are still much higher than the pre-war figures, and when it is considered that the aver-

exports of flour in the 1926-1024 were nearly 17,000,000 barrels, it is seen tas European

countries have taken in this period a great deal more flour than in the pre-war period.

NITED KINGDOM,ORTS KOST.

Of all the European countries the United Kingdom is the most imp ant buyer, taking during the ye 1920-1924 an average of 2,648,75 barrels, or approximately 16 per cont. of our total flour shipments.

Ordinary. France takes a very

yourable crop news and increased into nerenge estimates have been") made the motive for depressing tales again. The demand for actual cotton has, however, been Very mich improved and talisties have also been decidedly bullish, an consequence of which near positions have appreciated in relation to new

months. It appears quite likely that this tendency will become more

noticeable if there is any revival of trading in the textile centres in the

near

SIR A. GOLDFINCIT'S VIEWS, Sir Arthur Goldfinch, who was Director of Raw Materials at the War Office during the war and is an authority on wool, maid yester- day

a

MR. MELLON POINTS TO INCREASE BINGE 1850.

**

(the same as last year)." on the 20,000 1 Ordinary Shares,

JUNE 22, 1925.

THE BANK OF BAST ASIA, LIMITED.

.$10,000,

5,000,00 1,000,

HEAD OFFICE: HONGKONG |

Authorized Capital Paid-up Capital Reserve Fund vie

DIRECTORS: Hon. Mr. Chow Shou Son-Chalme

Fung Ping Shan Mok Ching Kol Li Koon Chan Wong Yun Top

K. Kwok Hayuh Tal Ng Ching Luk Kan Ying Po Pong Wal Ting Chan Ching Shell Every description of Banking Exchange business transacted. Lo granted on approved securities.

SAFE DEPOSIT BOXES to lelk

EAN TONG PO,

Chief Managed Hongkong, 18th February, 1985,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

-ESTAREILSTED 1834,” FORGONG BXANH NHTÄKLIKKE 1908,

Authorised fapital 3. 180,000,000 £1,500,000 Fuld-Up Capita)...G. 80,000,000 £ 6,655,378 Rare Fund 20,045,005 1,670,118 Special Evrr..G. 22,560,000 €1,900,0

HEAD OFFICE --Ameterdam. KASTERN HEAD OFFICE :—Palavia.

BRANCHES

The Reserve recoives £137,000 in (NETHERLANDS TRADING SOCIETY.) comparison with £120,000 last year. ! There is also transferred to Reserve £43,000 surplus provision for Taxs- tion and £20.000 which was set uside out of 1928 profits towards the New York; May 10. The ox- cost of the Company's Exhibit at penses "per capite for running the Wembley, making the total Reserve federal Government have increased £500,000. The Carry Forward re- 1924, according to Andrew W closes a very strong financial posi- Bandhermain Bandowng from $1.71 in 1860 to $31.12 inceives £29,806 against £13,553.

The Balance Sheet, which dis- Mellon, Secretary of the Treasury, tion, was issued on May 21. whose paper entitled, "Economy and Efficiency in Government." Was read before the Economic Club at ite regular meeting at the Hotel Astor."

The expenses of government had mounted to $7.68 a person in 1910, the Secretary showed, and added that despite heroic efforte to curtail expenditures, the average lnd steadily risen since then.

Coloritis Djokkakuta Kota Badja

The cotton crop of Paraguay is Padang expected to yield 80,000 bales, of Parang which all but 3,000 or 4,000 will dam Eberspers be available for export. The area under cultivation is 75,000 acres, compared with little more than 50,000 in the previous year.

EXCHANGE

Wool prices have fallen about 40 per cent. in four months with oat anything having happened sufficiently to acent for it. Ap-, parently buyers made a slight mis- allation as to the rate at which the wool would go into consump tion. A stock of unsold wool, some pars of which may reason" ably be considered a surplus, ap peats to exist. Messrs. H. Daw-

He added that one of the present sem nad Sou place this stock at about 100,000 bales. This is problems is to determine "just how activities equal tó 5 per cent. of the world's for our govemmental production, enough to keep the should go." stating that some work world's mills going for two weeks. and undertakings can better ba

On the strength of this minute handled by individuals.

"The mere fact that governmental' expenditures show this constant ten- deney to increase it, of course, not necessarily an evil" he said,

but it does emphasize the growing On London- importance of public finance in rola- tion to our economic system."

SHARE MARKET.

LOCAL Inture. The United States consumption for April was 597,000 bales, which is considerably above expectations and compares with 583,000 bales in March and 480,000

w aborter period at rates which will bej small, percentage of our flour ex-34

moted on application.

A. H. FERGUSON,

Manager.

Hongkong, April 15, 1025,

HEAD OFFICE:

96, Boulevard Haussman, Paris.

April kat year. The lows in

upplies on the week was against 128,000 biles he last year. Egyntion

lined steadily. Theros By large enquiry for felon in the Manchester

parte general loss than two-tenths me and a rather better turnover of 1 per cent. but in 1920 Frances resulted in spite of the fact that took 18 per cent, of the 37,651,961 many buyers are still definitely hold. barrels which were exported. From ing of. Producers engaged on most styles have participated and makers 1921 to 1924. however,

small

PURPU. IT. on selling exte

London

and on Chanchal Fulare Barkı 1273 an Iercond #138 n Chartered Bant

£10.16 Mercantile Bank a fi £90.1/ h.

do.

€18.1/8,

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Mamno inAUSADDES Carton InanTATE P... Chem Podar

Infen Torrance Tano Ineptance Tire Insurancan

84-1/4 140

Hongkong. 101a June 1925.

·Back Vire...

On demand

-

30 day's sight... 4 months' sight Credits. 4 months' sight...3/4-i

11

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F. 1175 Oredits, 4 monthy' sipht... 1876

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On New York-

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PM IN

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On demande On

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571

DOIG

- 1252. Gold Leaf, 100 fine (per tael) 47.0 Sovereigns (Bank's boying rate) 8.6 Silver (per os.)

* 31/10 JUBSIDIARY CHINN Hongkong 50 capta sub.

*

Canton colas

Bar Silver in Hongkong Chinese Copper Cab Chinees Copper Cleats... Rate of Natin Interess Chinese Bub. Octo Hongkong Bub, Coin, "...

OFFICIAL

LUOTATIONS

JNR #1

Nam-

10.30 AM

Sick Ficharge

Pharebroker #KOCINJON

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Bank.

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China Fize Tezarazen... Hongkong Fire Inorance. *hipping

gno h

h 18

670 b.

b £70

Grobeln F...... PR. Stemnil-cats- Bangkeng Tops and Lighter Indie-Chinas (Pref.)..........

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BANQUE DE L'INDO-CHINE.nts of flour have been exported of wide, plain, split and fancy cloths rth Chine Insurance

have generally engagements for to France.

In the same way Italy, which im some months ahead. A rather finner perta minimum amounts of flour tone is apparent and usually prices #abscribed Capital.. Fre. 72,000,000.00 from the United States, took near me advanced from the lowest of last Paid-up Capital ...

week. Whilst medium American Fra. 68,400,000,00¦ly 2,500,000 barrels in 1900, o 11:5 * Esservi Fund Frs. 59,667,283.54 per cent. of the total flour export,

counts are not sltone quolations are BRANCHES:

but very little flour has been ex firmer and up to 3d per lb. higher. Tangkok

Bafron ported to Italy since then.

Egyptrar prices which are now

·Beijambang

The Netherlands-is a consistent more reasonable than for...some. Aintapora Timotin

purchaser of United States four months are unchanged to 1 per 1b. lower. India has enquired for having taken 7.7 per cent. of the Тоголо Prom-Fand Yunasafa total pre-war four exports and 7.8 dhooties, shirtings, light whites per cent, during 1921, 5.8 per cent, and censional print styles and during 1922, and 6.6 per cent, dur- transactions have been more numer ing 1923. Fioland is another con- sistent buyer of flour from the United States.

anton

ibouti

Haiphong Zaikom 4091

Hongkong Mongien- Noum

Paperie Peking

Pondicherry BANKERS:

FRANCE: Comptoir National d'Escompte * Paris: Grell Uponuali; Buoque de Parket 11 Pays-Bes; Credit In fustriel at Commercial kaleta Generals.

IN LONDON: The Neilons) Pmylodai é. Jalan Biak of England, Ltd.; Compton

رگ

Before the war Japan took near

1920 and 1021

Fational l'Excompte de Paris, Credit Lyonnals by 6 per cent, of our total exporte

IN NEW YORK J. P. Morgan & Co. of flour; in Caranty Tract Co, of New York,

Bakire

Interest allowed on Unirent Accounts and #xed Depoise secording to arrangement.

ry deseriation of Banking and Brohange [maladyn trumpacted.

A.. LECOT,

Managar.

- Hongkong, Harch 20, 1924.

• THE YOKOHAMA SPECIE

BANE, LTD.

Matablished 1889.

Japital (full paid-up).. Yen 100,000,000 Jeserve Fund... Yen-80,500,000

Head Office:-YOKOHAMA,

Branchin and Agencies si:

abay.

Svends Agros.

Fangtian (Mukden).

dalpetta.

hangchun.

Jairon (Dalny),

Cembarg

Kankow.

Renolulu.

Lal·THES

Tobe

Bandou

Los Angeles.

Newchwang New York Osaka. Peking. Rangoon Rio de Janeiro. Saigon. Ban Francisco. Seattle. Shangbal

Shlissed. Singapore. Bourabaya, Sydney.

Tientsin

Tokyo,

Tainant. Tsingtau Vladivostock.

Dus,

China has bought a few fancies but has not yet emerged from the quietness of recent weeks. For the Straits and Javu sales have been America is quiet although enquiry is rather more frequent, South

that country purchased less than improved, the Levant and per cent. in 1922, only 4 per cent.: Africa have also been in the market.

in 1923, less than 2 per cent., and Tha in 1924 about 0.6 per cent.. actual amount of flour exported to Japan averaged during 1920-1924 considerably less than that of the pre-war period.

..

ERA OF PROSPERITY,

AMERICAN AMBASSADOR'S

An.

(B.K. Rox.)

· Shell Transporta St Patric Water-brate Oriental Nav. Co

• ofineries This Spa ** Malalor Sagst wining

Pendants Kailan Mining Ades.

Langkai..... Shanghai-Lomp

-

hai Explorations....... 1T:6 m

Hogle Langkate

Ranha

Tront. Hince

Ural Camp

H.

K. Wharfs

B. & W. Fock

London; May 12.-Alanson B.

Shanghai Rongkowa

New Engineerings.

PREDICTION.

On the other hand. Chins (includ-Houghton, the United States Am ing Hongkong and Kwantung) was bassador, addressing the members of the second best pre-war customer the American Chamber of Com of the United States, over 13 per cent. of our four erporta,

merce in London as their chief guest 1,417.000 barrels, having been ex- a luncheon to-day, predicted a ported to that country during that period.

AMERICAN PROSPERITY.

ON THE THRESHOLD OF A BOOM.

new era of prosperity for world trade and commerce when normal condi tions were resumed. Mr. Houghton | added: "'But in this connection. I often asked myself whether "the United States will be ready for the international trade boom which is bound to come. No half-hearted

At a time when inter-allied debts effort on our part will suffice, bo are again to the fore, an article in meet these conditions. Speaking as the Literary Digest" of New one long experienced in business I York on the wave of prosperity realise more than ever that it is mon which is beginning in the United like your members of the American States, is of special interest. The Chamber of Commerce here in "Digest" makes synthesis of the London who will give the answer. leading opinions in the Press, and I envy you your chance to serve it finds agreement that the period the United States to the very limits. of prosperity has already begun. A of your strength, and I am sur typical example of the abounding will be equal to any emergency, confidence of those writera is the.

Mr. Houghton said that despite following, which is given as the all apparent discouragement et composite answer-which-two-hun- dred American business leaders times, he had too much faith in the

Exterest slowed on Currant Accounts, I made to inquinos : Deposita received for fixed periods at to be obtained on application.

Q. ARIMA,

Manager

Hongkong, 11th March, 1995,

matris Korper, 'di Wedding Rings

PAN SPECIALTY.

“All of Mighest grade In Limo Colony,

“WINDSOR BROSEL

Wor

-common-sense-of---Américana --to believe that the slow but persistent The United States faces the progress of reconstruction in which greatest period of prosperity it has Americans are participating would ever known. We are standing on cease, or even falter. Sooner or the threshold of a boom which prob- Inter normal conditions must obtain, ably will eclipse that of wartime. when men would be able to worl Business will begin to pick up im-with quiet minds and devote them mediately began to pick up the day solves to their daily jobs. after election. The revival will not come with jazzing suddenmoms, but will be gradual, healthy, progres

give, and of troniondous proportions, The Nicaraguan Cabinet han - This optimian-lesbared in the approved a tentative loan of most, authoritative quarters, and Mr. | $5,000,000 for street paving, the Bernard" "Barrah, forinstance, construction of sewers, and for “speaks of an industrial and economothe first section of the Atlantic revival that may be no long con- Coast Railway,

nocks Wharves, Godowns, ka,

S'hal Docks

F. K. Engineeringa

ands, Hotels & Solidiosa,

B.E. Bbal Hotels

Rongkong Lande...

A. Really Humphreys Friates Kowloon Lands Princer Building... FI.E. Ferritorila!*..

Kara! Landr... Cotton Mille

881

a #

19-1/9,6

3 Mo អន

10 m.

Ewo Cotton Milla, Lid. ... T 10-1/8 5 Kang Yike a v t Laoo Kang Hos... Oriental

» Shanghai Cotton

Tangtuapoor. Miscellaneous,

Canton Ices Coments

- Cements Combined

China Lebt (Old)

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-do (Now) -10,1° femh (3) \ $##. China Providenta 15 a. Now 14 ́n. Chios Provident Combland 47 m. H.R. Developments

** 80 Centa Dairy Farm... B.K.Kocirles

M

KH

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13 P

Macao do Hongkong Amusementa11b Bengkong and Canlas Icon...

0.31 0.

21 2, Fam.20.. -16

"Hoogkoos Rope * * 35 *7 "New"ILLO®] - hopes. Combined.

Hongkong Tranekyk." Posk Tramways (old)..

Do Watron's M. Favalis Lane Crawfords RAK Construction. Nanyang Tokarce. Blactre Mackintosh FK Tu Ching Borre

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PAN, DAY

3 % dla

318 Y dis. % pm.

10% pan.

Bombay Geribon Djember The Hague Kobe

Micwear

Palembang

Pontianak

Hamayang

Boersbai

Tinta

Medna

Fecalor gua

Rangoon

Bbanghai

Sourakarta (Solo)

Weltevreden

LONDON BANKERS:- National Provincial Bank. LGL Correspondents all over the workill. BANKING BUSINESS OF EVIT DESCRIPTION,

W

M. J. HERRSCHLIE.

Agent.

Hongkong, November 4, 1934

商公理管業實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANGUR INDUSTRIELLE DE CHINA.

ETABLISSEMENT FRANOQ

CHINOIS.

(Incorporated in France).

5. Chater Road, Victoria, Hongbo

READ OFFICE: 74, Rue St. LazKSS Paris.

Subscribed Capital fully

pald-ap...

Reserva Fund

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

Working fand provided by

THE BANQUE INDUSTRIELAN DE CHINE,

Paris:

Fra. 50,000,000,

BANEERS:

Sociste

Generale,

Nationals de Credit. Bangsa Paris et des Pays-Ba

London: Midland Bank, Ltd.

New York: Irving Banic Columbia Trnj

Co.

Every description of Banking A Exchange Business transacted. Com spondents throughout the world.

AL-FITZ-HENEX,

Manages Hongkong, 18th February, 1928.

7% on THE BANK OF TAIWAN, LTE

(Taiwan Ginko.)

8% dis

1 Xpm,

THE BANK OF CHINA 行銀國中

(Specially Authorised by Presidential

Mandate of the Republic of China on the 22nd of November, 1917). Authorised Capital .... $60,000,000.0

Reserve Fund

$18,278,000.01

$ 9,629,435.14

HEAD OFFICE; PEKING.

HONGKONG BRANCH:

4, QUEEN'S ROAD CENTRAL. Branches and Bub-branches all or China and Correspondents in Europe, America, and other parts of the world London Bankers:-The National Provis efal and Union Bank of England, Ltd. The Guaranty Trust Company of New

York.

New York Bankers:-The Irving

National Bank.

Id Equitable Trust Company of New

York.

Incorporated by Special Imperial Charter, "1899.

Capital Subscribed

Capital (Paid-up)

Reserve Fund

Yen 60,006) Ten $2,500

Yen 12,980,9***

HEAD OFFICE: TAIPER, FORMOSA.

BRANCHES:

JAPAN-Tokyo, Yokohama,

Osaka. FORMOSA-Giran, Kåg!, Exranka,

"Kedung "Makung, Neato, Plan

Shinchiku, Taichu, Tainan, Tako' Tamui, Tohyan, Ako.

CHINA-Shanghal, Hanków, Andes) OTHERS-Bangkok, Hongkong, Einga Foochow, Swatow, Canton.

*.port

Boerabaya, Batavia, Bombay, London, Ben York, Calcutta.

LONDON BANKERS: London County Westminster and Farr's Bank

The Hank has Correus amžinta ta tha Commandał Centre in the Europesa Camilnaak, kanssa, Mar- shuria Talagtas, Japan, Indo-Cala Mam India, Interest allowed on Garment Accorate Filaplarda, Jars, and Data Intes, Aweso

inding Amerson, Afilm, ka, and Fixed Deposita. Terms or applies.Internalewed on Cat Annowejų, and Pixel Deposit at rates which will be quoted as nyptions

Hao.

Every description of Banking Book, den pass transacted:

Z YAMAMOT Loans granted on approved securities. HONGKONG BRANCH Special facilities for Home Exchange

TSUYER YE

Manage

1

8, Des Van Road Central. Hongkong, 5th June, 1994

TWO DESIRABLE DWELLING HOUSES

For Frompt Disposal

House No. 12. Detached, Two minutes from ea, tennis court, delightful situation, good. bathing Excellent views of Harbour Price $10,000, $10,000 mortgage, slay terms available, cash-necessary only $10,000

These unusally favourable terms offered as owner is going Home And does not desire bother of collecting rent from tenants,

House No. 18. On Peak; five minutes from Pesk Station Zira Rooma, servants. quarters at back $15,000 for immediate disposal Splendid situation.

Shares any lots; we buy and sell.

Central 4458,