1928-01-03 — Page 2

China Mail 德臣西報 中國郵報 All

HONG KONG AND SHANGHAI BANKING CORPORATION,

Anikerised Gapitai..

$59,000,000

1stand and Fully Paidup ... nie. $20,000,000 Recurve Blade Jan

Starting messers:sul B,QUQ,000

Reserve Liablity of Propelator....$23,000,000

HEAD OFFICE) KONGKONG..

COURT OF DIBROTORS:— Hon. Mr. D. O. M. Bernard,

Cla

a. II, Comptos, Esq.

Deputy Chakra.

W. L. Bell,

J.

W, E. Pattanden, Kag

1., Well, Esq.

11. E, Waite, Koç,

N. H. Brown Keo.

A. Macrown, Bag.

41 6. B. Mackie, Kuq,

Chint: Manage

Hon. Mr. A. Q. Egost.

LONDON

AMUT

BAYUKON

-SATAVIA

BOMBAY UAIVUTTA CANTON DEKNOO

JOLOMBO

DALHEN

FOODROW

LAIPHONG

HAMBURG JANKOW

BARBIN

LONGKEW

ILOILO

TOH

JOHORE

08

*KUALA

LUMPUR

BRANORM:

LYONA

MALACCA

MANILA

MOUKDEN

·NAQASAKI NEW YORK)

PAKING

PENAKO BANGOON

SAIGON

BẠN TRANG TU

BHANDHAL

SINGAPORE SQUNABATA BUNGEI PATANI TIENTSIN

- TOKYO

TAINGTAO КОКОНАКА,

Current Accoutle apaned in Local Gurney and Fixed Depozita recsired for one your or aborter periode la Local Currency and Sterling on terms which will be quoted on applzontiva,

.Hong Kong. 13th September, 1977.

HONGKONG SAVINGS BANK.

The Budak of the whore Bank is con dacted by Lue HONGKONG AND BUANDEAL BANKING CORPORATION, Balon way be oktaland on application.

FOR THE HONGKONG BANKING CORPOLATION.

Hangkong, 13th September, UK.

SHANGHAI

4. 0. Ну, Gulet Staungar

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paria.

Subscribed Capital...Fra.72,000,000.00 Paid-Up Capital....Fra.68,400,000.00 Beserve Fund F.80,886,619.10 Bangkok

BRANCHES:

Pondicherry Hanoi Battambang Hong Kong Baigon Canibo Mengtze Shangbai

Cantor

Dijbout!

Nam-Dinh Singapore

Noumea

Tientsin

Fort-Bayard Faneete Haiphong Peking Hankow

Toorane Vinh Pom-Punh Yonnanfu

BANKERS:

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

Generale.

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

IN NEW YORK: J. P. Morgan & Co.; Freach American Banking Cor-| poration; Guaranty Trust Co. of New York.

interest allowed on Current Accounts and: Fixed Deposita according to arrangements:

Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let,

CH. LEM,

Manager. Hong Kong, 28th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY),'

BANKERS

Established 1858.

Hong Kong Union :—11 Queen's Hoad/Tonirali

Authorised Unpital. Gulldor 186.600,000

(£1,800,000) Báll-Up Capital ....... ............... Griliais 80.000,000- (£6,056,070.) Herra Fand gɑalkdor 40,000,000-

{£2.33 838.1 HOLA OMBE)-AMSTERDAM”), Hastern HoudjOMOS:--BATAVIAS BRANCHES ;- Basdieniain, Bandoer Bom

bay, Calcutta, Ukaribun, 30. dafi, Djember, Djokinkarta), The Kobe, Kota ladja,

Medan, Padinj

行跟滴工法中

BANQUE FRANCO-CHINOISE

'pour le

Commerce et L'Industrie (Incorporated in France),

5, Chater Road, Victoria, Hong Kong.

HEAD OFFICE: 74, Hue S1. Lazaro,

Parls.

BRITISH FINANCE,

Capital fully paid up....Frs.50,000,000 REVENUE & EXPENDITURE Special working capital..Fra,50,000,000 Reserves Fund .*.*....Fre.15,304,900

Paris Baige Peklog Tourane

BRANCHES:

www.c

Zyons

Haiphong Hanot

Marseilles

Shanghai Tientsin Vinh

Pnom Penh

BANKERS:

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

YORK-American Exchange Irving Trust Co. SAN FRANCISCO:-Bank of Italy.

IN 1927.

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

1928 BETTER ?

OPTIMISTIC BRITISH TRADE PROSPECTS.

and an

EXCHANGE.

DEMAND FOR SPANISH

CURRENCY.,

A feature of the London foreign)

TUESDAY, JANUARY 3, 1928.

LAND LAW.

"P.I. BUREAU OPPOSES LONG TERM GRANT.

HONG KONG TIDE.

The tide-table given below han, bean obtained by aid of the Tide. pradicting Machine, which In- cludes 40 components for the bet- A reasonable modification of the ter prediction of tides, from the exchange market to-day was a de- public land act is favoured by the result of the analysis of the tidal mand for Spanish currency, which Philippines Bureau of Lands in an was being bought on expectations article, appearing in the December abservations, taken of the early stabilisation of the issue of its official organ, The Kaulung tidal observatory under the direction of Dr. Doberek dur nesota. The rate, consequently, Lands Courier. dropped considerably. British Wireless Service.

BANK RECORDS.

London, Yesterday,

at the

"We are not opposed to increasing the years 1887, 1888, & 1839.

The times and heights are given. ing the area which individuals and corporations are authorized to for Kaulung; but they may be acquire under the law, provided used for the Victoria Naval yard that provisions are made against and Aberdeen, the differences the fderciless exploitation and per being very small. manent control of the-land by un-

. The times of high-and low-

The very gradual recovery, and scrupulous individuals and corpora- ¡ water must not be considered to

tions," the article asserted.

IPATE

Dec.

The plan of extending long term coincide with the times of slack leases, as of 99 years, is objected water and change of current, the to for, it is argued, it is "almost two phenomena being quite

distinct. possible to do what one pleases on the land to the detriment of the December 81 to January 6, 1928. HIGH WATER LOWE WATER country as a whole. Ownership is rendered useless if the productive- neas of the land is already exhaust-

Standard ed and its potential value sapped.

Elt Times

H "It is true that the land would not taken away from its right-Bat. 1 1 48 6.5 m 11.8 ful owner and may probably serve him as burial ground, but what use or practical benefit can be derived therefrom after the owner dies? Mon. in 449 6.3 in 10 63 Would it be wise to enrich the sull' again by our dead bodies before our preny may make use of it?

London, Sunday.

London, Saturday, The revenue returns for the Modified optimism may be sald period of April 1 to December to prevail with regard to British expansion of trade, in some in- 31 show a total revenue of trade prospects for 1928, encour-dustries, the large movement of £192,000,000 and an expenditure aging features being the increase funds in connection with Govern-, of £642,000,000, the increases of of exports, the decrease in unem-ruent finance, and the immense £13,000,000 and £17,000,000, re-ployment,

atmosphere turnover of money on the short spectively, compared with the of greater trust and friendliness loan market are ascribed as the corresponding period of 1926. between employers and employed. principal causes (apart from the The latter is due to an increase On the other hand, whilst these depression caused by the coal dia- pute) for the large increase in in the Sinking Fund by over has been a marked improvement in bankers' clearing house activities £24,000,000, against which Sup- the aocondary Industries, depres-in 1927 compared with 1926.

Services Every deseription of Banking and ply

decreased by sion continues in some of the prin- The grand total amounted to a Cor-£5,000,000, Exchange Business Transacted.

cipal brithes of_the_gation's in new record, namely, £11,000,000, respondents throughout the world.

The chief increases in revenue dustrialivity, notably in the cot- 000, being 2.7 per cent. Increase: A. ROLLIN,

are death duties (£8,000,000), and ton trade where the employers are over the normal year of 1925. customs and excise (nearly at present discussing remedies The new issues in 1927, at Hong Kong, 1st January, 1928.

£8,000,000). The chief decreases which include reduction of plece £315,000,000, showed an increase of are supertax (£6,000,000) and In-raton and increase of working £84,000,000 over 1928, whilst the growth of Stock Exchange business come-tax (nearly £5,000,000).-hours. Reuter.

is reflected in a total of $3,980," Reuter.

000,000 on Settling Days, which exceeded that of 1926 by £33,000,000 and that of 1926 by £240,000,000. sufficient particularly, if the lessee Fri. Reuter.

Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Chater, 1863. HEAD OFFICE: LONDON. Paid-up Capital. Reserve Fund Reserva Liability of Proprie-

tors

Death Duties Up.

Rugby, Saturday. The revenue returns show that .£3,000,000 for three-fourths of the financial £4,000,000 year to December 31 there has been a net increase of $13.500,- £3,000,000 000 over the corresponding period

of last year.

Agencies and Branches:

ALDE STAL

(Malay Bater

AMRITUÁL

BANGKOK

BATAVIA

BOMBAY CALCUTTA

CANTON CAWNPORR ORAU COLOMBO

DELU HAIPHONG UAMBURO HANKOW TONGrgro

110110 IPOH KARAQU

KLANU,

KOBE

KUALA KANGSAR

Perak, (F.M.M.)

KUALA LUMPVIC · KUCHING

MADRAN

MANILA

MEDAN NEW YORK PKKING PENANG PESHAWAR PUKET BANGOON SAIGON

BEMARANG BEREMIHAN RUANGHA! SINGAPORE BOURABAYA ΤΑΙΡΙΚΟ

(F.M.B.) TAYOY

TIENTHIN

TOKY

THINGTAO ТОКОНАМА ZAMBOANGA

(Philippine Islands)

Foreign Exchange and General Bank- ing business transacted.

'Current Accountä 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).

HEAD OFFICE:-Taipeh, Fermosa.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa, issued Bank-Notes

Average amount .. Yen 45,000,000

DRANCHES AND AGENCIES: JAPAN: Tokyo, Yokohama, Kobe,

Osaka. FORMOSA:-Giran, Kagi, Karenko,

Keelung, Mekong, Nanto, Shin- chiku, Taichu, Tainan, Takao, Tamsul, Teen, Heito, Taito. CHINA:-Shanghai, Hankow, Amor,

Foochow, Swatow, Canton. OTHERS: Hong Kong, Singapore, Scerabaya, Semarang, Batavia, Bombay, Calcutta, London, Now York, Dairen,

LONDON BANKERS:

The London County Westminster and

Parr's Bank.

obaria, Tsingtao, Japan, Indo-China, Riau, India

Ate.

THE COTTON LINE.

Manufacturers Approve Spinners" Proposals.

London, Saturday. The Geporal Committee of the Spinners' and 'Manufacturers' As-' The chief increase is in deathsociation of Manchester has receiv- dutles. which

by ed a report from the. Federation £8,500,000, of which

over of Master, Cotton Spinners.. £2,000,000 came to hand in the last three months.

are up

The total revenue for nine months is shown at £492,500,000 against which the expenditure chargeable is £642,500,000 which is an increase of $17,500,000 over the corresponding period of last

year.

This increase, however, is more than accounted for by the increase in the sinking fund of over £24,000,000.

There is an actual decrease in the Supply Services of over £5,500,000.

In his budget the Chancellor of the Exchequer estimated the year's revenue at £894,838,000, so that if the Budget is to be realised a large sum still remains to be collected.

Recommendations are that wages be reduced by 12 per cent, and hours, it is proposed, to be increas- ed to 52% per week.

No official statement was made

*OB.

T

Wed.

Standard Times

94 18.0

1310 0.8

m 10.72.1) 10 30 a 3.5 2.3 56.1 36 14.0 m-0 19 A 216.7 11 48 2.A

am 7

7 37 4.6m 29d 7 Ba 7.2

31 1

"A" 25-year lease renewable for the same length of time is, for allhors 6 m 8 46 44 m 2 1913 practical purposes, more than

is not a native of the Philippines."

? 396 7.8 1 10 5.3

m4845

8 18 7.0

m3

8 D.M 147 9.4

HONG KONG MARKET PRODUCE.

at the close of the committee's Beef Sirloin meeting but it is believed that the Federation's scheme has been gen- erally approved.-Reuter.

PIECE GOODS.

MANCHESTER WEEKLY MARKET REPORT.

Messrs. James F. Hutton & Co., Ltd., Manchester, report on Nov. 80:-

Owing to the unsettled nature

In the last three months of last) of cotton prices during the past) year, however, no less than week actual business has been £345,500,000 was raised, and somewhat scarce and restricted, there is generally a bigger inflow although the volume of inqui of revenue in the final quarter of the financial year-British Wire leps Service.

AMERICA IN 1928.

CHORUS OF OPTIMISM GREETS NEW YEAR.

New York, Sunday.

#4

APPROXIMATE

Butcher Meat.

Dec. 29, June, June,

1927, 1918, 1914.

RETAIL PRICES.

Ct. Ctr. Ct.

Ib.

23 24 -12

Chicken

28

23

12

23 12

Capons, Small

Capons, Large

44

n

Poultry.

28 24 22

24 20 18

Duck

"Doves

Eggs, Hen (cooking)....

Eggs, Hen (fresh)

Prime Cut

"

Corned

Roast

Breast

Soup

28 20 18

H

Steak

28

24

22

#

Steak Sirloin

#

40 30 85

**

Sausages ....

Н

Fowls, Canton

40 20 20

Bullock's Brains

Fowls, Hainan

Tongue, fresh.. Tongue, corned

per set 15

10 12

each 65

50

60

60

Head

#+

Heart

$1.20

-$1.20

Hump, Satt

ib.

24

13 14

Feet......

$4 20 18

each 8

10. 19

#

Kidneys...

J

Tail

Liver

15

Tripe

both by mail and cablegram is Calves' Head & Feet - 4050 still ntfsfactorily maintained. Mutton Chop The prevailing tone with overseas

Leg buyers, since the cotton Yarn Association ended its restrictions

.2

Shot ker

11

Baddle

牛肉

<+¶¤$EROZESÍTEKRESBCEFEREE÷BOBETERSBOBLES128

H

16 19 12

28 20 29

lb. 24 18 14

W

7

57

set $1.20 $1.00 $1,00

60

Dec, 29, June, June,

1927. 1918, 1914.

Cts. Cts. Cta.

56

80

45

28

28

40-22 21

each

22

per doz.

18

88

28. 20

lb.

80 36

灣海

40

86

2

45 24

cách. 50

80

30

-29

31

lb. 70

"

65

51

each

Pair $2.20

each

25

85

GCETA

Pigeons, Canton

Hoihow

Turkeys, Cock

#

Turkeys, Hen

火鸡! 火

山:

Snipe

Pheasant

Quail Partridges

Apples (California)..

Bananas (bride's)

lb. 48 28

4B 23

.

W

40 24

48

Almonds

#1

85

#

Brains

"

Feet

Per set 2

1

Fry

Ib,

16

.15

15.

B

Head

+

Heart

16

20

"

Kidneys

.each 16

10

10

12 10

3

Liche Dried

#

Liver

lb,

60 30 24

on production and prices, seeme Pig's Chitlinge to be the withholding of actual offers until what they consider a sufficiently low level has been reached. Some of the remarkably low offers which are being accept- ed by manufacturers show the dire straits through which they

America greets 1928 with a are passing at present. With re- Pork Chop chorus of optimism, convinced gard to yarn prices, spinners are that the country today is such a also down to rockbottom and al- highly developed and efficiently though there is a good inquiry co-ordinated, economie organisa- for the leading. staples; impossible

Leg

"Lotn

#

Fat or Lard...

W

Heart .....

Kidneys

#

Liver

J

tion that undiminished con- prices are being offered. On the Sheep's Head & Feet, The Bank has Correspondente in the Commercial tinuance is probable and increas-other hand inquiry has tended to Centres in the Europain Costinent, pela, Maned prosperity is assured. Indeed, embrace a wider range of fabrics Pallippine Islands, Java, Africa, U.B.A., Australia, even the possibility of a land and certain makers whose produc-

Interest Nlowed on Current Accounts, and slide in the Presidential election, tions have been neglected of late Sucking Pigs, to.order. Piese Depoalta nt rates which will be quoted on which will be held during the have reported that there was Suet, Beat

year, will be insufficient to shock more business offering though Mutton J. IHARA,

Manager. HONG KONG BRANCH:

application, Doppelta in You can be accepted

3, Des Voeux Rend Central, Hong Kong, 22nd September, 1927.

THE BANK OF CHINA.

行銀國中

Palembang. Pekalonga (Specially Authorised by Presidential

Folian Rangoon, Boilerdam3,

Samarang Bhanghai, Sibolga [Ramatrs).

karta (Belo), Thai, Tiilijn

and Waltevreden.)

13 Tansu odcnr have safe deposit boxes to let.

Mandate of the Republic of China

en the 22nd of November, 1917).

Landen Bankere:-National Provincial Bank Ltd. Authorised Capital

Correspondents all over the world

thanking businem of every

description transacted.

O. STEENBTRA

Manager.

Hongkong, 30th July, 1027.

Paid-up Capital Reserve Fund

$60,000,000.00

18,278,600,00

** B

羊仔仔

34 25 23

Carambola

Cocoanuts

斯·精蛋蛋 饰公嵊蕸装

Fruits.

杏仁

葱山香蕉

73

22 24

Beach 12

Lemons, China ..kezik 2.

Lemon (America)

Orafites (Canton)

Oranges

Pears (Canton)

Peanuts

Fersimmons, Large

Plantain

Pumelo, Siam

85

31

40 60 70

PA 21

per set 85

69 70

each. 12

8.

T

15 12 10

48 23 25

"Walnuts

7

lb.

20

25 22

Grapes

80

20 18

46 26 26

36

20 19

80

20

30

or disturb the thoroughly stabil-only in small lots. ised economic situation.-Reu- ter's American Service.

Veal

According to mail advices from India, the breakdown of the basic price scheme has been received:

Sausages

No,

with something approaching joy, where dealers anticipate a lower Barbel

Fish,

1b.

TRADE DISPUTES.

LOW RECORD FOR DAYS LOST.

Rugby, Yesterday.

level of prices, but prices are low

and it seems that only an ease in Bream the raw material can bring them Canton Frenb

Water. Fish. down much further,

Dealing with the actual book- Carp ings India has taken some shirt Catfish

A low record for recent years ings and light fabrics whilst for Codfish

9,629,425.24 in the number of working days fancies have been in demand. Cattle Fish

Chins and Singapore whites and Crabs lost by trade disputes was reach-Dhootles have been bought for Dab

HEAD OFFICE: PEKING.

HONG KONG BRANCH:

4. Queen's Road Central.

ed in 1927.

During the eleven months to Calcutta and the up-country mar-Dace the end of November there were kets, but although these sources Dog Fish Branches and Sub-branches all over 283 disputes affecting 109,000 have been inquiring for jaconets Dels, Congor THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe, workers and the number of dis- and similar cloths only a small

LIMITED.

Established 1889.

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

....... Yen 96,500,000

Head Office:-YOKOHAMA,

Branches and Agencies at: Alexandria.

Nowchwang Now York.

Batavia.

Bombay. Внелок Аутев.

Calcutta

Canton Changchun,

Dairen (Dalay).

Osaka.

Peking.

Rangoon.

Rio de Janeiro,

Baigon...

Fenglien (Mukden). Seattle,

Hamburg.

Harkow.

Harbin. 7.

Hon Font. Honolulu,

San Francisco.

Semarang. Shanghai.

Sulmonoreld. Singapore, si Soerabaya Sydney, Tientsin, Tokyo, Tuinanfu. Thingtha.“- Vladivostok.

(Temporarily

losed).

allowed on Current Accounta

received for fixed perfods at, obtained on application

HVORI

America, and other parts of the world.

London Bankers: The National Pro-putes was 280 but the number of amount has materialised.

vincial and Union Bank of England, working days lost reached appail-

ing total of 169,000,000..........

Ltd.

4

Java. has sent a voluminous | Frogs. inquiry and although no import-Garoups In 1925, which was the lowest ant transactions have taken place Gudgeon

20

茘枝干

新會刮機

12

each 10

ཞེ འ མཱ ལ༞ བཀ ཆ བ བ བ ་བ ་བ་༤ ོ ༤

52

B** [CARE=Y AXITA**

10

16

12

14

each 18

3རྞྞས ཱཿ ཡཿསྨྲ।|

12

4

12

|:སྐུ9g||

each 30

6

14

8

1b. 10

7

8

6

Artichokes Beans, Sprout

Long Beet Root.

Bitter Squash Drinjais, Green

Red

Vegetables, &c.

Cabbage, Chinese

(Shanghai)

Cane Shoots, banch

Cauliflower (Large).....

Carrota

Celery, Chiness

Rad

**CB444BESEFEROHERTZENR KEI

» { "]

12

ដឌពន់ [ នđăឥ | | | | !* |

10

0

0

30

TH19 19 19 |

15

12

42

19 24

26

16

18

25

16 27

28

12 D

86 20

25

40

23 26

28

(Medium).each 16

38

10

(Small)

###**

42

20

無轉榮花

10

讖肚注

11 10

ib."

Chillics, Dried

19

D 10

Fresh Water

20

10

18

辣椒干

25 5

Yellow

22

23.80

Gresu

紅辣椒

10

16

86

$2

25

Carry Stoff, English

#

8

12

78

40

30

22 18

Cucumbers Garlic

25 18:23

80 18 15

26.

2218

7522

24

-'40

22

20

13

16

22

9

20 15

9.

Green

20

Shanghai

30-

Paraley

45

Potato, Sweet

14

Japanese

Halibut

The Guaranty Trust Company of New York.

New York Bankers: The Irving on record for six years, 4,976,000 it appears that a good deal of Herrings National Bank.

daye were lost through trade discloth is wanted." The Equitable Trust Company of putes. British Wireless Service. Interest allowed on Current Accounts) —— and Fixed Deposits. Terma en applica-

Every 'description of Banking Buri- j noss transacted.

| THE BANK OF EAST ASIA, LTD.

LA HEAD OFFICE: HONG KỎNG.

Loans granted on approved securities. 10, Des Voeux Road Central, Hong Kong

- Special facilities for Home Exchange.

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD.

Estabahed 1918.

Head Office-Hong Kong

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

There is still plenty of inquiry | Labras for grey and bleached shirtings|Loach from the Near East and to some Lobsters extent China.

Mackerel

A small trade is being enjoyed Monk Fish with West Africa and South Mallet cipally fancy woven shirtings. Parrot Fish America, the latter taking prin- Oysters

$10,000,000

There seems to be no appre-Perch 8,000,000 ciable change in the Continental pe 1,200,000 and Home trade circles which; it

Flatca BRANCHES AND AGENCIES: is reported, still leck, vitality.

Melbourne San Francisco Bombay Nagaiaki Beatle Calcutta New York Semarang Canton Haiphong Parla

Authorised Capital Pald-Up Capital Reserve..

Batavia

Oanka

Honolulu

Peking

"550,000

Kobe Kowloon

Singapore Bourabaya Sydney Penang Tainch Rangoon : Tientsin

UNAS BRANCHES MA „Gaston, Dhanghai, Hankow, ・ AwatoW, Bangkok · New York and San Francisco, PARTLONDON'BANKERBİ-

2. The Moyds Bank Limitad

--* CORRESPONDENTËR STA

› In all principal cities of the World..

· Foralzaturchange and þunking businem' of

areer decriollos temamotod, TN

POONG SHAN

Chief Mangger.”

London Saigon Tokyo- Manila

Shanghai

Correspondents in all principal citiès of the worldag pa akong

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

SAFE DEPOSIT BOXES to let. EKAN TONG:PO,/^/^/ PaChief Manager Hong Kong, Z1st March, 1927,

There is a steady demand for the tre Black finer combed and gassed Egyp- Pomfret, White tion yarnaas

Prawn

SOVIET FINANCE."

INTERNAL STATE LOAN

APPROVED

Ray Rock Fish Roach Salmon Shark Chate

Moscow, Sunday.

The Soviet Central Committee Sa

has approved of the issue of an Solen Internal State loans of 100,000,000 Tench

meet the needs of rural Turt

Reuter.

** *-****HD* SHSH PO⠀⠀⠀*88*9 GAZBEE E 12RERS DENESE WE ARE GETS DE SE SI SE SHE CARE SE BO LÃN ME SE MË NË DE DE DE DE DE

4520 35

Ginger, Young

Old. Horseradish, Shan Andian Corn

Water Chestnuts"

Mandarin

Mushrooms, Fresh Okross

Onl Bombay.

Pumpkin Radish Rhubarb

Tarn

Water

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