1927-08-15 — Page 2

HONG KONG AND SHANGHAI THE BANK OF EAST ASIA', LTD,

BANKING CORPORATION.

$60,000,000

Authorized Capital ......... Larned and Fully Fald-ép....................... #80,000,000 Beserve Funde

Berling£100,000

Bilvar

.... $13,000,000

Basers Lisbility of Proprietor...$20,000,000

HEAD OFFICE: HONGKONO.

COURT OF DIRZOTONS:- Hon. Mr. D. G. d. Botaani,

Chairman,

▲, I. Grapton, Eeq. Depay Obimruna. ·

W. II. Bail. Ex.

*N. B. Brown Raq

A. Macgowan, Kaq.

,0, S. Mackle, Kıq.

W. L. Fatlandeʊ, Roq

T, G. Wonil, Baq,

H.. wake, Esq,

Acting Obiet Manager, Hon Mr. A. G. Hypes,'

BRAMUELOS

LONDON LYONN

MALACOA

MANILA

MOURDEN

AMUY

BANGKOK

BATAVIA

BOMBAY

ALOUTTA

SADASAKI

CHEFOO

NEW YORK**

COLOMBO

PEKING

DAIREN

CANTON

WOOCHOW

DAIPHONG

ELAMBUHO

HANKOW

HARBIN

HOKKEW

ILOILO

11011

700й

KOBI

KUALA

LUMPUR

PINANG

NANGOON

BAIGON

SAN FRANCIhoe

BHANGHAL

BINGAPOET

BOURASATA BUNGRI FATANI TIENT IN

TOKYO

THINGTAO

YOKOHAMA

Currect Accounts opened in Local OurIEDZY Bad Tuted Deposita received for ene year of shorter perioda in Local Carrenoy and starting on era which will be quoted on'applosiva

Hong Kong, 19th July, 1527.

HONGKONG SAVINGS BANK.

The Bunias of the shore Bank is con ducted by the ONGKONG AND BUANGHAI BANKING COLPORATION.Rules sy b ohtaisel on application.

FOR THE HONGKONG & SHANGHAI BANKING CORPORATION.

A. O. Hyzer, Acting Chlef Sianuger

Hootong, th March, 1947.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paria,

Subscribed Capital .. Paid-Up Capital Reserve Fund

.Frs.72,000,000.00 Frs.68,400,000.00 Frs.80,384,519.10

BRANCHES: Hangkok Hanoi

Pamlicherry

Battambang Hong Kong Saigon

Shanghai Nam-Đinh Singapore

Fort-Bayard Pupeete

Cantho

Mangtze

Canton

Dijbouti

Noumes

Haiphong

Peking Phom-Penh

BANKERS:

Hankow

Tientsin

Toerane Yunnanfu

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnals; Banque de Paris et des Pays-Bas Credit Industriel et Commercial; Societe Generale.

IN LONDON: The National Pro- vincial & Unica Bank of England, Ltd; Comptoir National d'Escompte Puris; Credit Lyonnais

do

IN NEW YORK: J. F. Morgan & Co. French American Banking Cer- poration; Guaranty Trust Co. of New York.

Interest allowed on Current Accounts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacled. Safe Deposit Boxes to lot.

CH. LEM,

Manager.

1927.

Hong Kong, 20th February,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY)

BANKERS

Established 1831.

Hong Kong Utilen:-11 Queno's Bond Central Authorised Capital Guidor 150,000,00

(£100,0} Pald-Up Capitalulders 50.000,00

(£0,606,7) Reserve Fund Olders 60,000,000- (£3.333,331.)

Head Office:-AMSTERDAML Bastern Road OMce!-BATAVIA.

HEAD OFFICE: HONG KONG,

10, Des Vaux Road Central, Hong Kong

Authorised Capital

Pald-Up Capital

Reserve

$10,000,000

5,000,000 1,200,000

BRANCHES AND AGENCIES:- Batavia Melbourne San Francisco Bombay Nagasaki Seattle

Calcutta

New York

Semarang

Canton

Osaka

Singapore

Haiphong

Paris

Sourabaya

Ilonolulu

Peking

Sydney

Kobe

Perung

Talneh

Kowloon

Rangoon

Tientsin

London Saigon

Manila Shanghai

Tokya

Correspondents in all principal cities at the world.

Every description of Banking and Exchange business transacted. Loans granted on approved securities.

SAFE DEPOSIT BOXES to let, Chief Manager.

Hong Kong, 21st March, 1027,

行銀商工法中

BANQUE FRANCO-CHINOISE

pour le

Commerce et L'Industrie (Incorporated in France).

5. Chater Road, Victoria, Hong Kong. HEAD OFFICE: 74, Rue St. Lazare. Paris.

.Fra.40,000,000 Capital fully paid up .... Special working capital.Frs.50,000,000 Reserves

Fra.13,276,000

Paris 'Saigon Peking

BRANCHES: Lyons Marseilles Haiphong Hanoi Shanghai Tientsin Hongkong Poon Penh

BANKERS:

FRANCE: Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays Bas. LONDON:-Midland Bank Ltd. NEW YORK: Irving Bank Columbia

Trust Co.

SUGAR DEALINGS.

LOCAL FIRM'S BANKRUPTCY PROCEEDINGS.

THE CHINA MAIL.

COMMERCE

PARTNER EXAMINED. Dealings between a Hong Kong firm and their agents in Java rela- tive to the sugar business were the subject of examination at the bank ruptcy court on Aug. 13 when Wong Wan-iu, managing partner of the Hong Kong head office (25 Des Voeux Road, West) of the Kwong was publicly firm Wing Hing examined.

Debtor, the liabilities of whose flrm are placed at over seven lakhs, branch said that the firm had a

AND

FINANCE.

MONDAY, AUGUST 15, 1927.

a natural process, but the result of a a definite business campaign. The Americana make no bones about it.

HONG KONG. TIDE.

A Curious Mixture. This typical American is

The tide-table-given below hai curious mixture, He is practical. In a crude way he is an Idealist, in 1924 Herbert Hoover, Secretary bean obtained by aid of the Tide- commit-predicting Machine, which in- and he is astonishingly Ingenous. of Commerce, appointed By virtue of this combination he is tee of engineers to inquire into cludes 40 components for the bet- ter prediction of tides, from the the easiest customer in the world, waste in industry.

Curing Custom. if handled in the right manner.

result of the analysis of the tidal The committee, with roal Amor!-observations, American business men, with the

taken

the at help of professors, psychologists can lack of imagination, found that Kaulung tidal observatory under and statisticians, have certainly the chief cause of wasta in indus EXCHANGE FAILURES found the right manner in which to try was the absurd preference of the direction of Dr. Doberck dur- ing the years 1887, 1888, & 1889. The times and heights are given for Kaulung; but they may be used for the Victoria Naval yard and Aberdeen, the differences being very small.

NEW YORK 'FIRMS INVOLVED.

New York, Saturday.

handle the American consumer. But I am convinced that great secret of the success of American salesmanship among the American people is that it is not done with the tongue in the cheek.

In

cont.

The times of high-and low. water must not be considered to

coincide with the times of slack- water and change of current, the two phenomena being quite distinct.

the public for goods that would the please their individual tastes.

co-operation. with the manufac- turers the committee set itself to "cure" that condition. It estimat- ed the £2,000,000,000 could be saved annually by standardisation. It is claimed that since 1921 in 50 different articles variety has been That is either a great commercial reduced by at least 78 per achievement or a cultural disaster, depending upon which way you look at it.

My object here, however, is not to criticise but merely to illustrate the fact that the American manu-

Ausuat thefacturer has a home market that is not only the biggest and freest in the world, but is also the most do- cile. He has to study his market, not to find out what it wants, but T 16 m 61 16 7.5 m to find out what he can make it

Wed. 17 m 0

18.1 13% 68 want.

Having found that out, he can go

2.0 Thurs 18 m 0 67 5.9 6.51

4.0. 723 24 ahead and make the article, turn-

19 m 1 416.4 m 2 46 2.6 ing it out in the one pattern by the Fri.

239.2 8 6 million. In no other country could

A Stock Exchange firm has been The "sob-stuff" that the sales or the suspended with liabilities of over advertisement writer "puts across" $1,000,000, and assets father less, the customer gots across because Crade, but in consequence of the collapse of Incredible as it may sometimes the Manhattan Electrical Supply seem, it is sincere. Company stock.

genuine zentiment is worth a lot of The announcement led to big de-money to Amerles. clines from 8 to 23 points in & In any less ingenuous civilisation dozen other lasues and heavy industry is required to furnish a American great variety of product in order to lquidation. Reuter's Service.

meet varying tastes, traditions and

In America refinements. tastes, the traditions, the refine ments of the people have been, if not formed, at least, guided, and directed by the publicity campaigns of the manufacturers.

STANDARDISED BUYERS.

American Methods.

Mr. H. G. Adam writes from

office In Shanghai. Buying was done through agents in Java and the sugar was sold in Hong Kong. Debtor was the sole manager of the business, although there were other New York:- in its affairs. The manager of the partners who took no active part. Shanghai branch was debtor's bro-

ther.

He

Debtor was cross-examined as to claims against him in Java. stated that he had deposited with the Kwong On firm in Java (agents of debtor firm) the sum of two lakhs as deposit. The Kwong On firm had also gone into bankruptcy.

Dealings In Java. Debtor was closely cross-examin- ed by Mr. E. L. Agassiz (Official Receiver) as to the dealings of the Kwong On and their debts. In re- whether ply to a question as to claims had been incurred by the Kwong On in Java on their own be- half or on behalf of the Hong Kong firm, debtor said that the dealings Every description of Banking and of the Kwong On were nothing to do

Cor- with the Hong Kong Arm. Exchange Business Transacted. respondents throughout the world.

A. ROLLIN,

Manager. Hong Kong, 21st April, 1927.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Chater,. 1853.

In the course of further examina tion debtor stated that his deposit cover in Java was not sufficient his debts to the Kwong On which were considerably in excess.

DATE

August 15 to 21, 1927.

HIGH Waran | Lowan Wayan

Standard dba: dard.

Nimes Mus. 15 2 10 21 | 2.9 | m

At

21 30 4.9

+

Ei.

Times

$559,5 521 0.0 4.44 2.4

m635 | 14

834.1

They have been shaped to fit the factory.

The taste of the American people "We manufacture customers just has been dominated by the con- as we manufacture bath-tuba."

siderations of economic production. The startling aphorism was thrown How else explain Grand Rapide fur-it be done. That is the reason why at 20 m 2 44 5.7 m 9 27 2.6

no other country can successfully at me by the director of a vaca-wel tion a school in America.. It ad-

There is ample evidence that this adopt America's methods of mass mirably expresses the unique situa- elimination of variety has not been production.

tion in America. America is no tonger manufacturing to supply a demand. It is manufacturing to maintain returns on the capital that is invested in industry. This la, by all the tenets of economics, a perilous condition, but American manufacturers believe they have discovered a new truth which up- sets all the old tenets of economics. limit to They say there, is no consumption.

There is no saturation point. If every person in the United States owns a motor car, then every person in the United States can be two motor made to want to own cars. The success of industry in America no longer depends upon the skill and understanding with which it serves the public demand, but upon its persuasive power to erente new demands.

Asked why he had not included a list of the amounts owing in Java

I have tried in previous despat- in his statement of affairs of the Hong Kong firm, debtor stated that! there were difficulties in making out chea to create the impression of the account owing to the exchange. great differences between the indus- trial conditions of America and Speculative Deals. Debtor persisted that in respect Australia, rather than of the possi £3,000,000 of transactions with Java, the bility of the Bany adoption of 24,000,000 Kwong On firm was liable and that American methods. I do not think the goods were bought on Kwong any country can ever. imitate The rea- £3,000,000 On's own behalf. Questioned with American industrially,

regard to certain transactions, deb- son is that American industriea tor stated that the goods had not have a market different from that of. of the industries of any other coun- actually been taken. delivery They were bought forward speculation. His (debtor's)

HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund Resorve Liability of Proprie

tora

Agencies and Branches:"

ALOE STAH

(hinlay Blates)

AMRITSAR

BANGKOK

HATAVIA BOMBAT CALCUTTA UANTUN CAWNPORK UKLU COLOMBO DELHI BALPUONO HAMBURO

HANKOW HONG KONG

ILOILO

IPOB

KARACHI

KLANG

КОВЕ KUALA KANGSAR

J'enk, (...)

KUALA LUMPUR KUCHING

KARUAR

MANILA

MEDAN

NEW YORK

PESHAWAR PUKET RANGOON SAIGON SEMARANG SARKADAN

SHANGHAI JINGAPORK BOUZABAYA TAIPING

(F.M.B) TAYOY

TIENTAIN TOKYO

THINGTAO

YOKOHAMA ZAMBOANUA -(Philippine landa)

Foreign Exchange and General Bank- ing business transacted.

Current Accounts opened and Fixed Deposits received for 1 year or shorter periods at rates which will be quoted on application.

J. R. GEORGE,

Manager, Hong Kong, 7th March, 1927.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO), Incorporated by Special Imperial Charter, 1899.

BRANGUES — Basdieris, Indonna). Bum Capital Subscribed

bay, Calenia,

ald.

dali, Djember: Djaklatan This

llaque', Kube, Kote adja, Capital (Paid-up)

Makasar,

Padang Sedan

.Yen 46,000,000 Yen 39,375,000

Palembang, Fékalung, HEAD OFFICE:-Tuipch, Formosa. Pontianak, Hagoon, Holterdam)

Hamarog'), Shanghel, Hibolga

Snarabula, Bours

(Bunalo). Tegul

nejp

and Weltevrou *) Thess offices bars sale depot bexos to lot. London Backers, National Provincial Bank Ital

Correspondents all over LED world

Banking basinass of ovDTJ

description transpelade

.

D. STEENSTRA

Hangkang. 30th July, 1927.

Manager.

THE YOKOHAMA SPECIE BANK,

LIMITED..

Establlabed 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve fund

Yen 92,500,000

Head Office:-YOKOHAMA.

Branches and Agencies at: Alexandria!

Newchwang.

Batavia,

Bombay.

Buenos Apren.

Calcutta.

Canton

Changchun

New York.. Osaka.

Peking.

Rangoon Rio de Janeiro. Saigon. San Francisco. Fongtien (Hukden). Seattle.

Datren (Dalny).

Hamburg Hankow, Harbin Hong Kong. Honolulu, Kai Yack. Karachi. Kobe.

London.

Los Angeles,

Lyons.

Manila.

Nagaraki Nagoya

Semarang. Shanghai. Shimonosekl, Singapore. Soerabaya. Bydney.

Tientsin. Tokyo. Tainantu. Tsingtan. Vladivostok.

Temporarily

closed).

Interest allowed on Current Accounts, Deposits received for fixed periods at rates to be obtained on application

H. MORL

Manager. Hong Kong, 11th March, 1927.

BRANCHES:

Yokohama, Kobe,

as

a try, American industrial methods

3.0

63 2.5

San.. $1 m 3 33 8.0 m fl 182.4

9 48 ▲ 3.8

HONG KONG MARKET PRODUCE,

Beef Sirloin

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Prime Cut

*

#t

Corned

Roast

Breast

Soup

17

Steak

H

Steak Sirloin Sausagea

Tongue, fresh..

Tongue, corned

Bullock's Brains

#

Hend

Heart

Hump, Salt

Feet

Kidneys

Tail

H

Liver

Tripe

牛肉

#

М

י

H

$ * *

*

*

1

8

3

289921888

Poultry.

Cta.

Aug. 5, June, June, 1927. 1918, 1914 Cls. Cta.

1b.

65

56

60

11

40

each

-

糖

Aug. 5, June, June,

1927. 1918. 1914,

Cle. Cts. Cts.

lb.

28

24

12

Chicken

118

12

21

Capons, Small

12

Capons, Large

22

Duck

鸭

18

Doves

班

18

Eggs, Hen (cooking)..

24 22

35

Egga, Hen (fresh). Fowls, Canton

新鮮鷄蛋

20

12

Fowla, Hainan Geere

海南期

#

60

-$1.20

14

19

12

12

22

Quail Partridges

14

17

Fruits.

per Bet 15

each 85

N

$1.20

J

Bach

M

1b.

7

Arm are unique because they are govern-Calves' Head & Foot.. set $1.20 $1.00 $1.00

Mutton Chop was not liable, but the Kwong On. ed by unique market conditions.

Debtor stated that he kept a re- cord in his books of the various transactions,

The Official Receiver asked how it was that the Arm kept a record of transactions which, debtor now stated did not concern them:

Debtor replied that although the actual business was done by the Kwong On firm on their own behalf, the debtor introduced the business and a record was kept.

It was pointed out to debtor that the proposed scheme of composition by which it had been proposed to pay 50 per cent. would be consider

bly affected by his disclosures now with regard to debts in Joya:

The case was adjourned till the 20th instant.

FRENCH TRADE FIGURES.

Does that mean that America 19 must be left unchallenged in its success?

In a sense yes.

Restricted Field.

No other country can compete against American manufacture in America's market. I am not allud- ing to the protection of tariffs. Many American industries that are protected by a high tariff have long passed the atage when they need any such protection. No; Ameri- ca's success is due to the fact that it has a field of its own and it has exploited that field magnificently.

lb.

48

10

Lex Shoulder Saddio Pig's Chitlinge

48

tt

46

M

46

"

Per set $

lb.

18

Braina Feet

Fry

11

Road

14

Heart

10

Kidneys

20

#

Liver

Pork Chop

H

Log

Loin

Fat or Lard

This does not mean that it can be Sheep's Head & Feet.. equally successful in other fields.

On the contrary, it means that it cannot compete with other coun

髀

"

Heart Kidneys....

Liver

tries outside its own field. Under Sucking Pigs, to order. its present conditions of manufac- Suet, Reef Paris, Saturday. The revenue returns for July ture America will never have an amounted to Francs 4,747,000,000, export market anywhere commen-

Its Veal showing an

increase of Francs surate with its home market. 1,407,000,000 compared with July of methods allow no elasticity. It can 1926 and Francs 291,000,000 in the not adopt its products to the needs

of different peoples. Budget estimates.

Unless the article that suits

The Revenue for the first seven

totalled nearly Francs America suits the foreign market, months 23,000,000 exceeding by Francs the American manufacturer cannot Barbel 5,946,000,000 the same period of compete successfully.

He must Bream

Carp

Catfish

last year and Francs. 1,033,000,000 sell in the mass as he makes in the Canton Fresh

mass. The success of his standard- Water Fish. in the Budget estimates.-Havas.

ised methode of manufacture de pends upon standardised customers. He cannot afford to make for the

Codfish individual.

The American manufacturer hus Crabs

RUSSO-ASIATIC BANK DIVIDEND.

A first and final dividend of 100

JAPAN:-Tokyo,

Osaka. FORMOSA-Giran, Karl, Karenko, Keelung, Makong, Nanto, Shin- chiku, Taichu, Tainan, Takao, Tamsui Teen, Heito, Taito. CHINA: Shanghai, Hankow, Amoy,

Foochow, Swatow, Canton.

Singapore, OTHERS:-Hong Kong,

Soerabaya, Semarang, Batavia, appear Bombay, London, New York, columns.

Calcutta.

LONDON BANKERS:

- London County Westrainster and

Parr's Bank.

The Bank has Correspondents in the Commercia, Centres is the European Continent, Handa, Mani Falippine lande, Java, Aftien, 4o.

Be- Daco

per cent. has been declared in re- market of nearly 120,000,000 Cattle Fish

the people. There is no market' like It Dab fund to the winding up of Russo-Asiatic Bank. Further de-anywhere else in the world. tails of interest to those concerned tween the Pacific and the Atlantic Dog Fish

in the advertisement it is a free market There are no Eels, Conger

tariffs, no international rivalries,!

THE BANK OF CHINA. 行銀國中

"

obaris, Teingtoo, Japan, Indo-China, Hlam, India (Specially Authorised by Presidential

Mandate of the Republic of China Interest allowed an Carrent Accounts, p on the 22nd of November, 1917). Fixed Deposits at rates which will be queted on Application.

T. TAKAGI,

Manager.

HONG KONG BRANCH:

3, Des Voeux Road Central Hong Kong, 7th May, 1926.

THE BANK OF CANTON, LTD.

Established 1912.

Head Offco-Hong Kong.

Authorland Capital (ILK, Currency).. 11,000,000 3.06.200 Palk Up Capit Masarya Fund · 85,000

BRANCHES. E...

Canton, Shanghai, Hankow, Swatow, Bangkok, New York and Han Francisco, SALONDON DANKERS:0.

The Llard's Bank létted.

CORRESPONDANTS

Ințall principal cities of the World B

Forman exchange and banking bastasse ni

{"every description izunststed,

Bale Deposit Doza (/various-aften) AD a yearly

smtm of from 3 to 4.

LOOK POONG SHAN,

Chief, Manager. Hong Kong, 18th February, 1927.3.

Authorised Capital

Paid-up Capital Reserve Fund

no problems for the location of In- dustries save those of mathematics: and economica.

** B

›****

鐵)

*

Fresh Water Yellow

***

Frogs

"

* * 8 * A88 | #8RAR RR&AASH|888-£***8.

Pigeons, Canton

Hollow

Turkeys, Cock Turkeys, Hen Snipe .. Pheasant

Bananas (bride's)

Carambola

Cooonnuta

Lemons, China

口穿亲

bb.

per doz. 30

36

70

60

50

each 56

35

མཤྩ ༢རིཚོ་ར༩༤༦Ë,

# #TWARE #1618an.

each

pair

each

E

88888888881111IF

ន ន ឌ ន ដ ១ ន ៖ ឥន្ទ ន [ ៩ | |

|

|

៨នន៩៨ | អ៊៩Å | | | ≥ ! | |

Almanda

#

lb.

Apples (California)

#

24

鷲山香葱

17

4

#

12

椰

10 each 14

Ib. .14

7

19

esch 15

Lemons (America)

15 "10

lb.

23

Oranges (Canton) Orangea

金山棒線 荔枝干 新會甜卷

ench

8

jb.

25

n

ROMASYAHNANA HOMEBRNUNAäàâÌ

1858 6 NRC-81 81 82-CENT

Lichees, Dried

Pears (Canton)

Peanuts

Bersimmons, Large

Plantain

Pumalo, Slam

24

per set

85

each

12

+

16

Walnuts

48

25

#

Grapes

16.

22

80

18

46

20

26

30.

10%

Artichokes

Beans, Sprout

Brinjals, Green

Red

18

*****DRADA8 |

10

19

12

蓬蔬

each 15

12

lb. 32.

Vegetables, &c.

Cabbage, Chinese..

(Shanghai)

Cane Shoots, bunch-

(Medium)

Cauliflower (Large)

芝

#.##

| w | | | | ៖--៩ | | |

Matton

Sausager

No. 1..

cach

8

Fish.

lb. .5

lb.

00

19

24

Long Beet Root

14

.8

esch

32 20 16

Bitter Squash

Ib.

E

30

18

10

10

海鮮

12

10 5

30 10 27

H

10 5 12

30 12 Q

20 12

#F

30

20

25

6

28 28 28

20

each

$2

'10

&

大興榮花

35 28 16

(Small)

*

f

24 10

9

HEMALE

Carrots

lb.

12 10

0 6

Celery, Chinese

40 16

14, 10

6

Chillies, Dried

32 10. 18

韓隊平

+

20

25

Red

25

23 30

"

紅辣椒跟

10 10

16

Green

60

32

26

11

EP

10 8

12

90

40 20

Curry Stuff, English ..

架飄材料

10 8

30 18 15

Cucumbers

g

2

30

22 18

Garlic

8

6

42

18. 28

8

•

30

22

18

"

8 .10.

50 22 24

· Horseradish, Shangbai.

40.8

55 $2 21

8

28 32 28

Water Chestnuta

10

40 18 2

Mandarin.

12

65

16

22

Mushrooms, Fresh

56

30 14

. ទ

Okroes

$14

86. 20

-15

Onions, Bombay

18

16 0

Greet

2

35

28 14

Shanghai

45..20

29

56 86 20

80

86 45

Parsley Potato, Sweet:

Зарасеве

12 10 14

85

13

85

18 23.16

Pumpkin

*Radish

Although America is a polyglot Garoupa nation its people, considered na cus- Gudgeon tomers, are wonderfully alike. Herrings They develop their requirements Hallbat after they come to America, and Labrus mostly they develop the same re- Loach

The Lobsters .800,000,000.00 quirements simultaneously.

18,278,800.00 process is partly natural and partly Mackerel

9,029,425.24 artificially produced by the inten-Monk Fish

sive publicity and salesmanship of Mullet..

They have American business.

Oysters standardised methods of production in America because they have a standardised people to whom, they Porch are able to sell standardised goods. Fike

HEAD OFFICE; PEKING.

HONG KONG BRANCH:

4, Queen's Road Central.

Parrot Fish

Branches and Sub-branches all over China and Correspondents in Europe, America, and other parts of the world. It is impossible to put u limit on Flaice

Ltd.

the part that advertising has play-Pomfret, Black

London Bankers: The National Pro- vincial and. Union, Hank of England, ed in achieving this result. The Pomfret, White

whole of America advertises. It Prawns The Guaranty Trust Company of advertises everything, everywhere, Bay New York.

Rock Fish Now York Bankers:-The Irving at every time, by methods that have

been worked out by skilled scien

Roach National Bank.

Saimon The Equitable Trust Company oftists, and that call for the employ New York

ment of masters of the literary and

Salesmanship in Shark Interest allowed on Current Accounts, graphic arts. and Fixed Deposits. Terms on applica America is a science and an art Skate

certainly the most blatant of all Shrimpe Every description of Banking Bual-elences and arts, bat cunningly Snapper Aess transacted.

Evolved, to Influence the typical Boles Loans granted on approved

American who reacts favourably to Tench Special facilities for Home Exchange blatancy and who is really stirred Turbot

to the depths by a slogan.

tion.

securities.

SHOU J. CHEN,

Manager.

¿Turtles, small, fr, wai

RECLARE € #206EON OLYARFÉERCRUKTURKLEZCE ECCEE #

DE

15: 20

26

64 86 80

Ginger, Young

Old

Indian Corn

Lettuce...

American

Rhubarb (Fresh)'

10

- 80 10

Shallots

10

Spinach Tomatose

10 10

55 26 85 60 3280 65 28

2022 18:

Тагов ..

Turnips, Punti (Long); Vegetable Marrow

· Water Cross ..

Water Lily Boot

BIEKBECSLE BREE