1927-09-10 — Page 2

China Mail 德臣西報 中國郵報 All

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Asterias Capital

Lunać and Pully Pudup : Barre Predam

Starting,000,000

mikeur yakmark.....$23,800,000

$60,000,000 $30,000,000

Kaserre Liablity at Propelstoww.«.» «$20,000,000

· HEAD OFFICE: HONGWONG.

COURT OF DIREITORA — Hom.z. D. 0. 12. Beranz,.

Chairman.

A, IL Compton, Ka. Deputy Chairman.

w. II, Ball, Kay.

N, A. Brown Kaq,

A. Macgowan, Kay-

O, B. Mackla, Beg.

AKUT

- BANGKOK

SATATIA

BOMBAY

W.L. Patienden, Key

T. G, Wenll, Kaq.

IL P. White, Esq.

Asthe Chief Manager,

X, Mr. A. . Ilyser.

ALOUTTA

CANTON

CRITOO

DOLOMBO

DAIRIN

BOOGHOW!

HAIPHONO

HAMBURG MANKOW

FLARBIK

HONGESW

ILOILO

ХРОН

JOOM

HOBK

KUALA

LUMPUR

KRAN (EDS)---

LONDON LYONK MALACCA MANILA MOURDEN NAGASAKI

NEW YORKI

PREINO

PENANG

ILANUDON

SAIGON

BAN FRANCISCO

BUANGLAI

SINGAPORE

BOURABAYA

SUNUKI PATANI TEKKTBIN

TOXYO

THINGTAO

YOKOHAMA

Current Avocate opened In Local Currency and Fized Depodia tsosired for one year or shorter period in Local Uncreasy and dierling on terms which will be quoted on applicatan,

Hong Kong. 19th July, 1987,

·HONGKONG SAVINGS BANK.

The Belpad of the above Bank is con dacted by the FONGKONG AND BELANGHAI BANKING CORPORATION. Bules may THE obtained on application.

FOR THE HONGKONG & BALNOVAÍ BANKING CORPORATION.

A. G. Kynen, Acting Chief Manager

Hongkong, March, 1917.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Bubscribed Capital...Frs.72,000,000.00

.....Fra.08,400,000.00 ...FT.89,384,519.10

Paid-Up Capital

Reserve Fund

Bangkok

BRANCHES: Hanoi

Pondicherry

Canthe

Canton

Battambang Hong Kong Saigon

Dijbout!

Mengtze

Shanghat Singeporo Noumea Tientsin

Nam-Dinb

Tourate

Fort-Bayard Papecto Haiphong Peking Yunnanfu Hankow Prom-Penh

BANKERS:

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

IN LONDON: The National Pro- vincial & Union Bank of England, Ltd; Comptoir National d'Escompte de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co.; Franch American Banking Cor- 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 transacted. Safe Deposit Boxes to let.

CH. LEM,

Manager. Hong Kong, 26th February, 1027.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

INKTHERLANDS TRADING SOCIETY)

BANKERS

Established 193

Hong Kong Offs 1-21 Qawat's ilonai Central

Authorland Capital Guilders 150.000,000

Fald-Up Capitai

Baserre Funds

(1,200,000) Guilders 80,000,000+ (£8,466,670.] Chalidere 60.000.000. (EL.333,333.)

Kobe,

Hand Ofon:-AMSTERDAMÍ Bustera Emad Omor:-BATAVIA, BRANCHES Bandjarmasin, Bandoang"), Bom

bay, Calcutta Oloribus did.

Bembary

e, bjckjakarta), The Kota Hadja, Medan, Padang Palembang. Pelälongan, Penang. Pontianak Bangoon, Hotterdam'), Samsarang) thanghai, Nibolga

mata Bostabala, Hoora karta (Bolo), Togal, Tilezjap and Wallereden.")

·♬ Zhase Dische bare safe deposit boxes to lat.

London Hasker-National Provincial Bank. Ikk

Correspondants all over the warld

Baking basiness of every

description trabasotad."

O. STEENSTRA

Hongkong, 20th July, 1927,

Manager.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Fatabllahòd 1889.

Capital (fully paid-op) Yen 100,000,000 Yen - 82,500,000 Reserve fund

Head Ofee-YOKOHAMA.

Branches and Agencies at: Alexandria. Batavia. Bombay, Buenos Ayres. Calcutta.

Canton.

Changchun.

Dairen (Daley).

Newchwang New York.

Osaka.

Peking

Rangoon Rio de Janeiro. · Saigon. San Francisc..

Fengtion (Mukden), Seattle,

Hamburg.

Haskow.

Harbin

Kong. Hong Honolulu. Kai Yuen. Karachi.

Kobe.

London.

Los Angeles

Lyuns

Maniin,

Nagasaki, Nagoya,

Shimonosel.

Singapore. Boerabaya. Bydney. Tientsin. Tokyo.

Trinianfu.' Tsingtau. Vladivostok.

(Temporarily closed).

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

IL MORLEANS

Manager.

Hong Kong, 21th March, 1997;

***I# 4/

BANQUE FRANCO-CHINOISE

pour la

Commerce et L'Industrie (lucorporated in France).

5. Chater Road, Victoria, Hong Kong. HEAD OFFICE: 74. Rus St. Lazare, Feria.

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

.Fra.18,276,000

Paris

Saigon

Peking

BRANCHES: Lyons

Marseilles

Haiphong Hanol

- Shanghai Tientsin

Hongkong Paon Ponh

BANKERS:

FRANCE: Societe Generale, Banque Nationale de Credit, Banque de

Paris et des Pays Bas LONDON:-Midland Bank Ltd.

NEW YORK-Irving Bank Columbla

Trust Co.

Cor

Every description of Banking and 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, 1859. HEAD OFFICE: LONDON.

Pald-up Capital Reserve Fund Reserve Liability of Proprie

tors

BRITISH BANKS.

HOW THEY FINANCE CHINA'S TRADE.

NEED FOR A RELIABLE CURRENCY.

THE CHINA MAIL.

COMMERCE

AND

FINANCE.

ability of our banks to British and not to Chinese laws, Lat either of these safeguards be removed and our losses will be far greater than those inflicted on us by boy- cott. Some day, everybody hopes, the Chinese will have a decent Gov- ernment and a reliable currency.

At present they have neither, and until they have, it is absolutely essential that our banks should con- tinue to enjoy the protection which these are not coins In the technical) sense, for they have no definite in-extraterritoriality and foreign ad- ministration bí Shanghai give them. trinsic value. At the best they are in saying, this one is not thinking but a commodity, whose expressed only of the prosperity of the banks value in the accepted tael unit must and of the foreign commercial con- fluctuate considerably."

Thus it comes about that foreign cerns which they have helped to banks in China are compelled-not create, and with which their own prosperity is bound up, one is through the "unequal Treaties," to which, of course, the Nationalist thinking also of China's prosperity, Her trade, her railways, her grow ascribe foreign financial influence, ing industrial concerns, all these The function of British, banks in but through the chaos which char- are the fruits of Sixo-foreign, and China's foreign trade, and how it acterises the country's financial as to a large extent of Sino-British, depends on their portected posi-well as

its political affairs to co-operation under certain condi tion at Shanghai, la explained in keep stores of sycee and to issue tions. Destroy those conditions at the following article by Mr. E. M. notes of their own. Total imports this premature stage, and co-opera- Gull (late Secretary of the Asso- of silver into Shanghai In the form tion will not be made easier and clated British Chambers of Com- of bars in 1926 were 71,929, about more productive; it will be made merce in China), in the "Financial 70 per cent. of which were import harder and less productive. News."

ed by British banks, the approxi- mate total of their note issues in China (including Hong Kong) be-

little

The essentials of this subject are best reached through figures in dicating the significance of the eming £7,590,000. It to-morrow the HELPS CHILDREN OVER HOT bargo which the Nationalist Gov- "unequal Treaties" were abolished

WEATHER. ernment at Nanking has placed on and all the foreign banks in Shang- Summer complaint makes the export of silver. In 1920 ship hai disappeared, leaving the field headway with children whose careful ments of silver in the form of bars, clear for the native banks, there mothers use Chamberlain's Colic and aycee and dollars from Shanghai to would be no reliable notes on the Diarrhoea Remedy for stomach and other ports and cities in China (in-market, because there would be no bowel complaint, severe and sudden cluding Hong Kong), totalled bars guarantee of any cover for thein, intestinal cramps and weakening diar 35,939, sycee. Tis. 5,080,000 and while trade would be left without water it in easy to take.

rhoea. Given in a little sweetened $64,000,000, their chief distribution any secure basis in the form of being as follows:-

reliable silver supplies availablej when wanted. That is being Illus- trated at the present time when, in consequence of the embargo, it has beer found necessary to ship silver to Tientsin in a British gunboat,

Bar Shipments. Place.

.£3,000,000 £4,090,000

...£3,000,000

To Hungchow

Nanking

Hankow

Agencies and Branches:

ALOR STAB

13intay talas)

AMRITHAR

BANGKOK

BATAVIA BOMBAY CALCUTTA UANTON DAWNPORX

CELU

COLOMBO

DELIN

HALPUONO HAMBURG

ΠΙΑΝΚΟΥ

HONG KONG

ILOILO

IPOJ

KARACHI

KLANG

KOBK

KUALA KANGYAR

Pers), (F-35)

KUALA LUMPUR

KUODINO

MADRAS

MANILA

MRDAN

NEW YORK

PEKING PENANG 'PROUAWAR

PUKHT BANGOON BAIGON

BEKARANG. BEREMBAN HHANGHAI HINGAPOLLK BOURABAYA TAIPING (Y.M.S.) TAVOY

TIENTHIN

TOKYO

TRINOTAO

YOKOHAMA

ZAMBOANGA

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.

Amount. 21,088 13,142 625

Sycee Shipments (ie., Ship- ments of silver in the form of ingots).

To Hungchow

1,450,000

Dollar Shipments.

Hankow

Nanking

To Hong Kong

Hankow

Tientsin

Amoy

Swatow

Tsingtao

1,200,000

950,000

.14,600,000

6.450.000

6,100,000

0,050,000

5,550,000 4,750,000

An extremely important element in this reliability," which the for- eign banks help to maintain, is the honesty of Shanghai Bycee. Sycee,

explained above, the 18

term given to silver In ingot form, the form differ-

verywhere,

For sale

SATURDAY, SEPTEMBER 10, 1927.

LOCAL SHARES.

FLUCTUATIONS DURING THE

WEEK.

STEADY TONE.

Mesars. Moxon & Taylor, share and general brokers, in their week- ly report dated September 9,

state:-

Hong Kong Tramsi-Were quiet with some sales reported at $20.

© China" Providenia:-Are quist at quotations.

China Lights:-Met with no de- mand and close nominal at quota- tions,

Dairy Farms-Still have buyers at $15.20..

ElectricsAfter coming to bust- ness at $59% eased off and now have sellers at $53.

Wharves:-Have had a rise and are in great demand at $114, with few if any sellers.

London Quotations of: Septem- ber 7:-Banks $115.10/-; Indos De- ferred £4,16; Shells 24.11.9 all middle prices.

The steady tone in the market reported in our last issue was again in evidence during the past week and the growing confidence felt in the future prosperity of the Colony Exchange:-The demand selling is reflected by the increased de-rate on London is 1/11.9/16 and mand for most investment stocks. the T.T. on Shanghai is Tis. 794.

Shanghai market la firmer with buyers for Cottons and Docka: Ewes were done at $7.60.

The following are the principal alterations since last week: unabated and sales took place nt $1.072/80.

Banks:-The demand continued

Unions-Are quiet at $295. Star Ferries: Are firm with buyers at $54.60,

Douglases:-After having come to business at $35 close with buyers at this price.

Steamboats:-Changed hands at

$21.

Hong Kong Tugs:-Experienced a smart rise and now have buyers at $1.10.

Hong Kong Lande:-Were rather firmer and came to business $35.

HONG KONG MARKET

ing in different parts of the coun- try. In Shanghai ingots are in the shape of shoes, weighing close on Beef Sirloin. 50 taels, each tael containing 524.93 grains of fine silver. The production of a shoe is the result

its

Prime Cat....

+7

Corned

Roast

Breast

»

Soup Steak

Steak Sirloin Sausagea

Dividend. The Chartered Bank of India, Australia & China, has

declared an interim dividend for the past half year at the rate of 14% per annum free of Income Tax.

Next Settlement Day is Friday. September 23, 1927.

CONSIGNEES' NOTICES.

Consignees of Cargo ex M.S. "Asia" are reminded to take de- Hvery of their goods which will be subject to rent after Monday.

Consignees of Cargo ex 8.6. "City of Evansville" are reminded to take delivery of their goods which at will be subject to rent after

Monday.

PRODUCE.

APPROXIMATE RETAIL PRICES.

Capons, Small

each

Poultry.

Sept. 2, June, June, 1927. 1918. 1014.

Cía. Cts. Ct.

ib.

50

80

40

28

28 30

25

22

81

18

24

84

46 86

45

24'

oach 50 80

40

20

1b. 55

#

·45

51

each

Fair

Eggs, Hen (cooking)..

新鮮品庫

par doz. 80

本地霜 16.

海南雞

Butcher Meat.

Sept. 2, June, June,

1927. 1918. 1914.

Ct. Ct. Ch.

尾靶

Jb.

28

24, 12

Chicken

28 12

A

28 12

Capons, Large

28 24

22

Duck

24 20 18

Doves

26 20

18

98 24

Eggs, Ken (fresh)

40

30

85

Fowls, Canton

+

per set 15

10 20 20

10 12

Fowls, Hainan Geesa

each 65 60 .60

60

$1.20

-$1.20

lb.

#

Hump, Salt Feet....

84 20 18

"

each 8 10 12

"

Kidnoya

*

16 10 12

Tail

H

28 20 22

#

Liver

1b, 24 18 14

Tripo

7

7

Tongue, fresh.. гр Tongue, corned

Head Heart H

Most of the bar shipments went of a highly, skilled operation per- to the mints for coinage purposes, { formed in what to the onlooker (Philippine islands) and represent the needs of com- seems a very rudimentary manner,

Most of the under the supervision of an institu-j Foreign Exchange and General Bank.merce indirectly,

sycee and all the dollar shipments tion known as the Kung Ku Chu, a ing business transacted.

went to their various destinations public office, but free from Govern- to finance trade as required, a large ment control, at which anybody in Bullock's Brains proportion of the dollars being used possession of syces can have to pay for slik, cotton, seeds and Äneness tested and guaranteed at other commodities intended for ex- the cost of two tael cents a shoe. port abroad. And as a large pro- Sycee bearing this institution'a) portion of all three classes of ship- "chop" and stated by it to be silver ments constituted withdrawals of a certain fineness, contains pre-j from the vaults of the British cisely that amount of silver, nal banks, both the relation of those more and no less. The Kung Ku Institutions to the economic life of Chu is not in any formal sense con- China and the extent to which the trolled by the foreign banks, but] Nationalists at Nanking are inter- their watchfulness and precision fering with trade become at onge help to keep it up to the mark, and apparent.

(TAIWAN GINKO), Incorporated by Special Imperial Charter, 1899.

Capital Subscribed.....Yen 45,000,000 Capital (Paid-up) ...... Yen 89,375,000 HEAD OFFICE:-Taipeh, Formosa,

BRANCHES:

44

24. 18 14

· as it works inside the International Calves' Head & Poot.. #HUB set $1.20 $1.00 $1.00 Settlement it enjoys the protection Mutton Chop which foreign banke themselves Leg enjoy.

Shoulder Saddle

Banks and Currency. The banks are called exchange banks, and their primary function is to enable China, a silver-using country, to sell to and buy from countries the majority of which Yokohama, Kobe,use. gold as a medium of exchange. JAPAN:-Tokyo,

Osaka.

The circumstances in which the FORMOSA:-Giran, Kagi, Karenko, British institutions perform this Keelung, Makong, Nanto, Shin function, however, place them (as chiku, Taichu, Tainan, Takao, the figures given above illustrate) Tamsui, Teen, Heito, Taito.

in a peculiar and highly responal- CHINA: Shanghal, Hankow, Amoy, ble position in relation to the coun-

Foochow, Swatow, Canton.

try's monetary needs, which were OTHERS:-Hong Kong, Singapore, thus described in 1919 by the late Seerabaya, Semarang, Batavia, Mr. A. G. Stephen, manager of the Bombay, London, New

York, Hong Kong and Shanghai Bank at Calcutta.

Shanghai.

LONDON BANKERS: London County Westminetar and Parr's Bank,

The Bank has Correspondents in the Commercia, Centres in the European Contemt, Rods, Ma churia, Talnytan, Japan, Indo-China, Stara, čudia Pallippino Ilande, Jara, Africa, &c.

Intorent allowed an Carrent Accounts, op Fixed Deposits at rates which will be quoted as Application,

T. TAKAGI.

Madager. HONG KONG BRANCH:"

8, Des Voeux Road Central, Hong Kong, 7th May, 1924,

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorland Capital(II.K.Currency)... 11,000,000 Paid Up Capital .................

... 8,604, 200 K50,000

Besarra Fund........

BRANCHES

Caston, Shanghai, Hankow,__Bważow, Bangkok, New York and Ban Francisco,

LONDON BANKERS:--

The Lloyd's Rank Lamlied,

CORRESPONDENTS

Iniall principal cities of the World.

Forelyn exchange and banking business of Tery description transantað.

Bale Deposit Boxan(various alsda) at a yearly rental of from 15 to $40,

LOOK POONG BHAN,

Chief Manager.

Hong Kong, 19th February, 1827.

* THE BANK OF CHINA.

行銀國中

fa

11

Banks and Trade. The story of British banking in Pig's Chitlings Shanghai goes back to 1848, when the Oriental Banking Corporation, now defunct, opened a branch. Of the existing banks the oldest is the Mercantile Bank, which opened in Shanghai in 1864. In 1858 the Mercantile Bank of India was in- corporated under Royal Charter as the Chartered Mercantile Bank of India, London and China,

a title Pork Chop changed in 1893 to the Mercantile Bank of India, Ltd. From 1894 to

1915 the branch was run as an

**

@_*+*=*‡RHEESSERIEEEBEE-BRBB+BONETARABOKEB8582

Holhow

Pigeons, Canton

Turkeys, Cock

Turkeys, Hen Snipe

Pheasant Quali

Partridges

Almonds

Apples (California)

Carambola

1b. 48 28

48 20

46 21

40

85

Brains

R

"

Feet ....

Per set 8

Bananas (bride's)

Fry.....

Jb. 18 16

28

15

18

Cocoanuta

Head

#

16 20

Lemons, Chim

M

Heart

each 15

10

10

*

Kidneyo

15 10

Lichees, Dried

12

Liver..

52

30

24

##

35

25 23

35

Lola....!

38 60

11

Fat or Lard

28 21

Head & Foot.. per set 85

60 70

.each

12 8 7 15 12 10 46 26. 25 lb. 20 25 22.

18

Walnuta

Grapes

Leg -

"

agency in the offices of Messrs. Jarding, Matheson and Co., Ltd., Sheep's reopening as a branch in the latter year.

The Chartered Bank of India, Australia and China, open-

Veal

#1

Heart Kidneys Liver

"Until a mint is provided in which the foreign banks have con- fidence these banks cannot possibly recommend their Governments to agree to the abolition of sycee, which is the sheet anchor of China's ed in Shanghai in 1857, the Hong Socking Pige, to order.

Kong and Shanghai Banking Cor-Suet, Beef currency at the present time Both the Government and the pro- poration in 1864, and the P. & 0.

".. Mutton vincial banks have issued notes ao Banking Corporation In 1920., recklessly that this form of cur In 1865, when the first balance- rency is entirely discredited. Each sheet of the Hong Kong and Shang-

Sausages provincial mint has been a law unto | hal Banking Corporation was pub-| Itself and has coined enormous lished, China's total foreign import quantities of aub-silver and copper trade was valued at Hk. Tls. coins of various weights and fine- 84,100,000, or (at Hk.Tls. 8, the ness; in fact, those in charge of the average rate of exchange that Barbel mints have undoubtedly used their year), 228,050,000. Of this total Bream position for the purpose of making Shanghai's importations money for themselves. The result valued at about £11,000,000, is, naturally, that the subsidiary

In 1925 (the 1926 figures are not Water Fish. coinage of China does not command yet available) China's tota! import Carp .... the confidence of the, meanest trade was valued at Hk.Tla. Catch coolie, and the variations of its 965,000,000, or about £168,388,000, Codfish weight and fineness provides a liv Shanghai's Importations

being Crabs ing for, it is said, 2,000 exchange valued at Hk.Tls. 431,887,000, or

Cattle Fish shops in Shanghai alone."

about £75,340,000.

Dab As a hopeful indication in this The total of bills receivable and picture of diacrder, Mr. Stephen discounted in 1926 by the four Bri-Dace, described the way in which dollars tish banks doing business in Shang-Dog Fish minted by the Nanking Mint were hal was over $100,000,000, a large Eels, Conger circulating all over northern China proportion of this total representing and penetrating into Manchuria and business done in that port, Mongolia, but he was not able to While there is no loccasion to describe them as being more than labour what these figures plainly "fairly reliable," and at the confer tell, their significance would not be Garoupa ence of Chambers held in the fol- fully appreciated without realisa-Gudgeon lowing year Mr. G. H. Stitt, his | tion of the fact that the part played Herrings successor, referring to variations by modern Chinese banka In China's Halbot between dollars minted in 1920 and foreign trade is, as yet, small. Labrus |1919, said: "Dollars as variable as Some 28 are members of the Chi-

Loach nese Bankers' Association, but the

(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917).

.$80,000,000.00 | 7.

18,278,600.00

Authorised Capital Paid-up Capital

Reserve. Fund

****

BBBBBBBBBBEE÷***FREEL

| ༄ ་ བྷཱུ ་ སྐུ

30. 20

.46 26 28.

20 19

40

20

20

82

80

** *

ទន

34.20

20

42

12

ER DE SE IN ING BEZ CUKINI ER SKÆ

出众新本焕白火火沙山美

B

口健康

Fruits.

金業

****

2.A DE NIE DE 3+ ME MLB ««**EMİ

新會殽授

each

3 3 3 1 8 8 8 989891111

35

24

៨៖ ន៨៨ | និង ៩ | | | | ឝ | { " |

12

Bach 12 10 10

བླ ད བ བཉྩི ཎྜཤྩ ཞེ.མ འ ཟ ཎ སྐ ༠འྤྱི་

***B

| | ASATA*8

Lemons (America)

Oranges (Canton)

Orangea

Fears (Canton)

Peanuts

Persimmons, Large, Plantain Pumelo, Slam

金山排線 ench

荔枝干

35

Artichokes

Beans, Sprout

Vegetables, &c.

(Shanghai).

(Small)

12

12

7

0

8

25

80

16

198 199

PAI

ཟླ་སབྲ ཚརྒྱུུ } |

|:22

ཁ | |

12

12

-18

each

lb.

18

14

*Bench

8

8

ib.

6

:12

Б 9

#

10. 5 B

12

SEMERTE

Cabbage, Chinese ..

Cane Shoots, bunch...

Cauliflower (Large) ••★★ each

(Medium), s. 1

Carrots Celery, Chinese

Chillies, Dried

Green

Carry Stuff, English

#

No. 1..

Fish.

lb.

es

Long

16

were

Canton Fresh

「壙倉省城淡。

Best Root Bitter Squash

16

海鮮

#

Brinjala, Green

45 10

27

Red

86 12

45

26

26

28 16

2

52 . 28 16

26

9

8

18

30

26

30

18. 16

Cucumbers

8222

18

Garlic

.28

Ginger, Young

18

n Old

78

24

56

21

Indian Corn

20 26

Léttuce

28

2.

Mandarin.

22

Mushrooms, Fresh

14

Okroes

16

Onions, Bombay

Green

28

#

34

#

Fresh Water Yellow:

淡水

20

45

64

Frogs

foreign trade they finance is but a Lobsters small fraction of the figures shown Mackerel

9,620,425.24 THE MERCANTILE BANK OF above. At the present time, when Monk Fish

**HEAD OFFICE: PEKING.

1.

HONG KONG 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 Pro- vincial and Volen Bank of England, Ltd.

INDIA, LTD.

HEAD OFFICE:

LF, Graovahurch Street, London, H, C.. Authorised Capital .. £3,000,000 Subscribed Capital ... 1,800,000. Paid-up Capital; 20 · 1,050,000' Reserve Fund and rest

1,645,667

“The Bank of England de Milland Bank, Lidi The Guaranty Trust Company

any of BRANCHENS New York.

Bangkok Gallag: Kual Lumpur Rangoon New York Bankers: The Irving as Hongkong Kuantan Pahang) Shanghai

Bombay Howrah National Bank.

Calcutta

New York

·Singapore

The Equitable Trust Company of Colombo Farscht Penang Sourmet New York Po

Delbeta Abare Port Louis (Mauriline) Interest allowed on Current Accounts

AMONGKONG BRAWOL.

INTEREST Current

and Fixed Deposita. Terms on applies-Every description of asking and Exchange bate Every description of Banking. Basler Allowed on Omerens Locate at 1 par ness transacted

rente porast on Bally Balance and on Fied Depeater at rates that may be anosrtained op

·D.L.C. BANDETĀ,

Loans granted on approved securities, application. Special facilities for Home Exchange. SHOW J. CHEN, SA

Manager.

DY, Queen's Boid Central,

· Blomkoog, June 26, 1946-

extreme Nationalists in China are Mallet. making a "dead set" at everything Oysters British, it is important that this Parrot Fishs fact, and the chaotic condition of perch China's, currency, should be known

Pike and understood. Consideration of Chinese affairs has tended to centre Plaice round the effects on our trade of Pomfret, boycott to the exclusion of the Pomfret, consequences of allowing the Chi- Prawn ncse to “jockey” us out of the safe Ray guards essential to sound finance, Rock Fish Among these are freedom from Gov- ernmental, interference of the pro- cesses whereby bar silver is con- verted into sycee the sheet an- Shark chor as the late Mr. Stephen des Skate cribed it, of the monetary position in Shanghal (a freedom, which Sha would disappear if the Chinese were given in the Internations! Battlement the powers which they have been given in the ex-Britich| concession at Hankow), and amen-

Salmon

Boles

BEZREE E ESEGUENDENGBERGRE

*8*9.888888**************

72.

22

28

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Red...

Horseradish, Shangbal.

Water Chestnuts.

Parsley

Shanghai

Potato, Sweet

Pumplia Radia Rhu

Тарасен

American

Tara

竹染角瓜瓜瓜茶染爭花花花争要揪瓜 米東路路

N:

## T

紅辣椒

青花椒

架服材料

İ

lb.

10

25

6

16

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