1928-01-19 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION:

martxorised (igrical

... 850,000,000

Jarned and FaŬy Páld-up .... 11. §80,000,000 Movers Panda -

Sterling 4 Bilrat

1

LD00

Merve labdity of Proprietors #3,000,000

HEAD OPTICE: HONGKONG.

COURT OF DIRECTORS :— Hou, Dir, 1, . M. Board,

Chairman.

11. Comptez, Mag. Deputy Chairman, ang

W. Li, Bell, Bahay-

N, M. Bruk KHO.

W. I. Pattándan, Esq.

F, the Weath, Bay

A. Macgúria, Rag.

10. 8. Mazkie, Eny,

AMUZ

1. P. White, Kay,

Chiat Manage

1190, Mr. A. G. Lignes,

BRANULI:NA

LONDON

LYUNS

MALAQUA

BANGAUR BATAVIA

BUNDAY

CALCUTIA

UANTON

CHEYOU

COLUMBU DAUKN

BAIPHONO RAMBUNG HANKÓW

1. TABAN

RONUKEW

ILOILO

ПРОН

LOUURE

XG

KULLA

LUMPUR

MANILA

MOUKDEN

NAGASAKI NEW YORK)

PEKING

PENAKU

RANDOGS

BAIGON

YAN FILA NOHACU

SHANGHAN

BINGAPORE

SQUBABAYA SUNUKI PATANI TIRSTUIN

TOKYO

THINUTAO

YOKOHAMA

Barrel Accommia upened in incal Cartrendy sad Tixed Dupselte zeceived for one year of charter periods in Local Currency and Sterling tor which will bequated on applicauna Bong Kong, 1815 September, 1997.

HONGKONG SAVINGS BANK.

The Budums of the above Bank be con Jasced by the HONGKONG AND SUANURAI · BANKING CUBPURATION. tio may be abuained on applicativa.

FOR THE HONGKOND & NUANOBAI BINKING QURPURATION,

▲ O. Eynes,

Chief Maunger

Hongkong, isla deptember, 1977.

BANQUE DE L'INDO-CHINE.

SEAD, OFFICE:

B, Boulevard linussinan, Paris.

Subscribed Capital „.. .Fra. 72,000,000.00 Paid Ur Capital ....Fru.68,400,000,00 Reserve Fund....Frs.89,884,519.10

BRANCHES Ifanoi

Pondicherry Battambang liong Kong Saigon

Bangkok

Exatlo

Canton

Dijbout!

Baphong

Meugtze

xanhinh

Noumea

Fort-yard l'apeete

Hankow

行跟商工法中

BANQUE FRANCO-CIENOISE pour le

Commerce et L'Industrie (Incorporated in France).

5. Chater Road, Victoria, Hong Kong.

HEAD OFFICE: 74, Rua Bt. Lacare, Parla

Capital fully paid up.......... .Frz.50,000,000 Special working capital..Fra.50,000,000 ..Fra.15,304,965 Reserves Fund

.BRANCHES:

**

Paris

zyons Marseliles Szige

Hphong Huei Peking Shanghai Tientsin Tourane. Vịnh Phom Penh

BANKERS: FRANCE:Societe Generals, Banque

Paris et dan Pays Bus. LONDON: Midland Bank Ltd. NEW YORK:-American Exchango

Irving Trust Co.

THE CHINA MAIL,

COMMERCE

-AND

FINANCEZ

THURSDAY, JANUARY 19, 1928.

presentation in the Chamber of HUMPHREYS ESTATE. HONG KONG TIDE.

DIVIDEND AND BONUS RECOMMENDED.

Commerce of a near-by large town, It is not for me, as an official of a large Chamber, to say that such an iden might be good in this country. | Certainly 1'would not say so in re- lation to an important town like Blackburn. But I am quite pre- The Directors of Humphreys pared to contend that if you take Estate and Finance Co., Ltd., will a small town in Lancashire, and if recommend the following alloca you give it a local Committee of the tion of profits for the year ending

BUSINESS TO-DAY. SCOPE OF CHAMBERS. Manchester Chamber of Com would December 31, 1927, at the forth-

"SIMPLIFICATION" OR "DIVERSIFICATION"

In a recent issue of the "Nation's Business" (the official organ of the United States Chamber of Com- merce, Washington), Mr. R. M. Hudson (Chief, Division of Bim- Nationale de Credit, Banque de plified Practice, Department of Commerce) gives his views on the advantages to be gained from a wide-spread adoption of the policy which is variously described as Every description of Banking and standardisation or simplification of

Cor-production. Exchange Business Transacted. respondents throughout the world.

A. ROLLIN,

Manager. Hong Kong, 1st January, 1928,

SAN FRANCISCO:-Bank of Italy.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

**

It is perhaps true that in Great Britain there has never been a serious move made in the direction Indicated in this article. In our cotton trade for instance, it would be difficult to find any cases of an advance towards simplification.

Mr. Hoover, the American Secre £3,000,000 tary for Commerce, has been a «£4,000,000|powerful advocate of simplification, .........£3,000,000 and Mr. Hudson is one of his chief Agencies and Branches:

Iloutenants in this work, Mr. Hud- son's arguments are therefore of apecial interest. In the course of his article he expresses them in this way!

Incorporated by Royal Chater, 1853, HEAD OFFICE: LONDON, Paid-up Capital Reserve Fund Reserve Liability of Propriu-

tora

ALOE UTAIL

(Malay Baton AMIL TUALE

HANGKOK

BATAVIA HOMBAY CALCUTTA

UANTON

THE

COLOMBO

DELHI HAIPHONG HAMBURG

HANKOW

IIDKU KONG

ILOILO

IPOU

KABAUH

RLANG

KUB

KUALA KANGSAR'

rak, (F.M.)

KUALA LUMPUA

RECHING

MADRAS MANILA MEDAN NEW YORK PRKING PENANG PRAUAWAR BANGOON HAIGON BEMALANG BEREMBAN BILANGIAI BINGAPORE HOURABAYA TAIPING (K.M.H.)

TAVOY

TIENTSIN TOKYO

THINUTAU YOKOHAMA ZAMBUANGA

(Philippine Islaska)

NEED FOR WATCHFULNESS

to the meetings of which I

..$120,000.00

30,000.00

2,096.02

send out a fully trained whole- coming annual meeting of share- time official knowing all about his holders:- AND CO-OPERATION.

Job: if that local Committee has Dividend 8 per cent., the right to send its Chairman to absorbing attend all our meetings in Man- Bonus 2 per cent., "In the course of an address to cheater, and to keep in touch with

absorbing the members of the Council of the everything, then surely Chamber of Transfer to Typhoon

Commerce work in that small townt Blackburn Chamber of Commerce is likely to be a bigger or better

and Floods Insur ance Fund ....... Mr. E. Raymond Streat (Secretary and more efficient thing than it is

Transfer to Special of the Manchester Chamber) sald 4 present. "

Repairs and Renew- Whether We' shall over that in the future which lay before

als Account come to consider regional British trade there would be an ur-groupings of Chambers of Com gent need for the services which merce and a nation-wide scheme Chambers of Commerce could per- of raising really adequate funds, I do not know. But I do feel that form, and if Chambers of

there is a big future before, the merce did not rise to the occasion, Chamber of Commerce movement, trade and industry would suffer.

and we ought not to fail for want GOLD FOR FRANCE.

Cóm-

Carry forward.

The tide-table given below has been obtained by aid of the Tide predicting Machine, which in- cludes 40 cmponents for the bet- ter prediction of tides, from the result of the analysis of the tidal observations, taken Kaulung tidal observatory under the direction of Dr. Doberek dur- ing the years 1887, 1888, & 1889.

at the

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.

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.

18,680.41 101,415.62

$272,191.95

DATE

Jagi

Times

B

ANOTHER CONSIGNMENT FROM AMERICA.

re-

"It will be generally conceded," of vision and push and go to equip

ourselves for the tasks that lie be he continued, "that Great Britainfore us."

Industrial is pre-eminently an

In addition to the above, Mr. country, and unless our trade and Strent had something to say industry prosper we shall sink to He explained the action that had garding municipal expenditure.

the level of a third-rate. power, It been taken by the Manchester can be proved beyond dispute that in all branches of Industry, and

not least in our own cotton trade, we are now faced with a situation entirely different from that of the nineteenh century, when our in- dustrial supremacy was establish- ed. The nations of the world are no longer content to allow us to be the workshop of the world. They claim the right to be their own Our forefathers pro- workshops. fited from avery development and every opening up of distant parts of the world, because we were the chief, if not the only, source suply for the manufactured articles which the newly developed terri- tories required. We can, however, no longer afford placidly to wait; for customers to come to us. nee a different paychology.

Jan. 13 to 19, 1928.

BIOM WIN LORE WATER Standard

xta durd Timon

Ht.

Fri. 13 m 10.2 m 7 9 1.8 3 1 4.8 6,184,0

14 m 1 5 1,88449.9 (34.2

Sint

Suu. 15

2 67% 48

8

4.40% 2.1

Mon. td m

Caes 17 Wed. 18,

50 m 8 29 | 3.5

10 38 2.9

3 38 4.5 24 2018

1

6 181.0

38

Paris, Yesterday.

134- A further consignment of gold

5 405m 19.01 30 4.01 & 2,9 '8 am 11 31 31 the Thore 197 44.4.0 m 1 69 2.2 8 40 4.71 0:10 5,3

Chamber in representing to the city to the value of $7,500,000 has ar authorities the urgent need for rived from New York to economy, in expenditure.

·Banque of France.-Havas,

HONG KONG MARKET PRODUCE.

of Beef Sirloin

APPROXIMATE RETAIL PRICES.

Butcher Meat.

The race for commercial and in- dustrial supremacy is more hotly contested every day. The penal-

Sunnages ... or unawareness Bullock's Brains ....

Tongue, fresh.›

ties of slackness Shaghai

Singapore Tientsin Tairaat Vinh J'nom Penh Yunaofu

BANKEES:

I'cking

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

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO).

our

are far more serious than in fathers time, If we miss an op- portunity to-day, there are plenty of competitore to seize'. it to morrow.".

रूठ

Doves

Eggs, Hen (cooking)..

Jan. 7, June, June,

1028. 1918, 1914.

Ct. Ct. Cta.

牛饗

lb.

28 - 24 12

N

Prime Cat

Chicken

28. 28

12

11

Corned

JP

23 12

Capons, Small

+1

Roast

28

24

22

Japons, Large

We

Breast

Duck

24 20 18

#

Soup

26 20 18

Steak

#1

#

Steak Sirloin

28 24

•

"

"

Eggs, Hen (fresh)

40 30

35

Fowls, Canton

40

20

Fowls, Hainan

per sot 15

12

Gecre

each 05

50 00

,,$1.20 -$1.20

ib.

14

34 20

each

8

10 12

15

12

22

Snipe Pheasant Quall Partridges

24

7

Bet $1.20 $3.00 $1.00

48 26

48

48

24

40

85

He maintained that no business

Tongue, corned

#

Head

10

Heart

Hump, Balt

Fect

雠

Kidneys

Tail

"

Liver

Tripe

"As prices go down under the stress of competition, the usual course is to hammer down produc- tion costs with the hope of at least preserving the same relative mar- TUNGKAM (libuat). gin or percentage of profit per unit of sale. However, this usually means smaller actual money profit Foreign Exchange and General Bank-per unit,, and the problem then be- ing business transacted.

Current Accounts opened and Fixed comes one of selling enough more Deposits received for į vele or shorter units at the lower price to make the perioda at rates which will be noted sage annual net profit as before. un application.

J. R. GEORGE,,

This effort to increase sales volume Manager.

may so add to a company's cost of Hong Kong, 6th January, 1928,

doing business that the savings it |makes in production are lost in the distribution of its product. In that casa, even with the greater volume sold, net profit may not be as good as in, previous years.

Therefore, дя A safeguard against smaller net profit, we aug- gest simplification. It has been de- finitely proven. in numerous in stances that "simplification" re-lopments of importance duces both the costs of production should be brought on to the table, Every description of Banking and FORMOSA: Giras, Kagi, Karenko, and distribution. It has likewise for examination and discussion, so Keelung man, Takso, been definitely proven that "diver the benent of the latest news from that all the members might have Exchange Business transacted.

Talchu, Tainan,

sification" adda to both production the, watch-tower. As to co-opera- Tamsyi. Toon, Helto, Taito. CHINA Shanghai, Hankow, Amoy, and selling coats.

tion, we had not as yet gone far Foothow, Swatow, Canton.

enough, even in the big Chambers. There was too much fear of full OTHERS:-Hong Kong, Singapore,

and frank co-operation, too much Pork Chop secretiveness, and too much Indivi-} dualism. But still the Chamber of Commerce is the best avenue for co-operation, and as business men Sheep's Head & Feet..

Heart... come to learn that co-operation, pays, the opportunities for Cham- discarded

Kidneys

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

de

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

to

Interest allowed ou Current Accounta Rod Fixed Deposita according arrangements.

Safe Deposit Boxes to let.

CH. LEM,

Manager. Hong Kong, 26th February, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING SOCIETY}}

- BANKERS

Established 1824.

Hong Kong Office : AL Queen's Road Central! Authorised Capital w........... Gaiders 150.000,000

{EIL,300 } 2ald-Up Ospital. Ouliders 80,000,000

(£3,068,070.) Rovers Fund

Guldøra 40,000,000-

Head Oos-AMSTURIANT) Kastera Hezd GMES:-BATAVIAL BRANCHES-Ramijormasin, Bandoeng) Bom

bey, Unioszta, Cheriben Std- das, Damber, Djokiskarta, The Kebe, Hota-adja, MAART

Medan, Padang Palembang. Pokalongan, Penang Pontianak, Hangoon, Eotterdź"kn'). Kamarang), Shanghai, Bibelge (Bams Spermbela, Bost karta (Solo). Toget, Thilatjap: and Wallerndon.")"

17 There onces are safe deposit boxes to lat Lunde Bunker:--National Proriscial Bank Lti. Correspondents all over the world Basking batinees of every

description transected.

O. STEENSTRA

Mongkong, 130th July, 1927..

Manager,

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Yen 98,500,000 Reserve fund

HEAD OFFICE:-Taipeh, Formosa Incorporated by Special Imperial Charter, 1898,

Central Bank in Formosa. Bank-Notes issued

Yen 45,000,000 Average amount

BRANCHES AND AGENCIES: JAPAN:-Tokya, Yokohama, Kobe,

Osaka.

Socrabaya, Separeng,

LONDON BANKERS:

Batavia,

Yet there are many manufactur- Bombay, Calcutta, London, New era who believe the beat way to get York, Dairen.

more business and to make more The London County Westminster and profit is to add another number to

Parr's Bank.

the line. That would work out pro- The Bank has Correspondents in the Commercialfitably more often if they, at the Contras la the European Continent, amis, MA same time, dropped or churia, vingtao, Japan, Indo-Uhina, lam, India Philippine Islands, JATA, Africa, U.,A., Australia some slow-moving or seldom-wanted

Interest allowed on Current Accounts, and

application, Deposita in Yan can be accepted

ما

HONG KONG BRANCH:

man by himself could keep track of this feverish activity. The task water of keeping his head above day. To succeed, you needed two was infinitely more complicated to

things. You needed organised watchfulness, and you needed or Calves' Head & Fest.. ganised co-operation.

Mutton Chop

A Chamber of Commerce ought to supply Beth. Ita Council ought to be the most experienced men in town, all on the look-out for deve

which

bers of Commerce would Increase. "I am," he said, "a good believer

Leg

#

Shot ider Saddle

Pig's Chittings

BABITUM

鹼

Feet

#

Fry

Head

Heart Kidneys Liver

לי

T

44

Leg

Loin

"

H

Fat or Land

11

D

*

Liver

Fixed Deposits at rates which wil he qanted online number, even at the risk of in trade organisations. It is ob- Sucking Pigs, to order.

viously necessary for each trade to Suet, Beef not being able to supply it on an have its federation, to deal with J. IHARA,

Manager. occasional order. The usual prac-wage questions, and to consider Venl

tice of striving for greater volume questions affecting that trade! alone. The Chamber of Com- merce fulfils quite a different role. Round the Chamber of Commerce Board, men interested in different

3, Des Voeux Road Central, Hong Kong, 22nd September, 1927. by adding now lines, meanwhile hanging on to all the old ones, soon makes the whole line top-heavy, and Inventory rapidly piles up with

THE BANK OF CHINA.

行銀國中

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

Authorised Capital Paid-up Capital Reserve Fund

Ltd.

HEAD OFFICE: PEKING,

HONG KONG BRANCH: 4, Queen's Road Central

items that do not turn over,

trades

and the Barbel meet together, questions considered are of the

Bream kind which interest'all.

Canton Fresh Water Fish.

More Support Needed. As to the future of Chambers of

Catfish Commerce, Mr. Streat aald that he Carp felt that we needed more support. We needed more money, and more Codfish business men willing to work. As Craba regards money, the subscriptions Cuttle Fish at present in most towns were ridi- Dab culously low. In many countries Dace on the Continent Chambers of Com-Dog Flah which all persons engaged in trade The and industry had to bea. Governments collected this tax and and handed it over to the Chambers Proge

༈ ཤྩ སྠཽ ༔མཎྜཊྛམྦཱ ཌཎན ཆ

REEKSES KE KEEPER MOPEDER ONESHE÷BOBETCH#248±###KB

·猪猪猪猪猪猪猪猪猪猪猪羊羊羊羊乳鮮鮮中牛

*#

24

93

Por set 2

lb.

10

ו

קון

18

+8 15

each 15 10

16 10

16. 60

84

34

J

40 00

24 21

Fper set 85

each

12

15

12

N

46

26

lb.

2u 25

30

48

91

36 H

36

80

#

中学狩仔

TRE

Holkow

Pigeons, Canton

Turkeys, Cock

Turkeys, Hen

Almendr.

Apples (California)

Bananas (brite's)

Carambola Cocoanuts Lemons, China

Lemons (America)

Licheel, Dried

Oranges (Canton)

Granges

Pears (Canton)

Peanuts

Persimmons, Large

Plantain

10

Pamelo, Slam Walnuts

25

Grapes

24

10

R2331ARAARA-88ad199R998R ISN-8&]

រន្ទឺដនះ។“ | | | | | | | 2 ន ឆ | 2 [ ៩ “ ដ ឌ ឌឌន គ គឺ I

ង ៈ ។ ក្នុងនននននន នននននន ដឌឌនិងជឌ ន ន នងគត *** ****** [*[*8***************84-88A

27

26

T

Poultry.

Jan. 7, June, June, 1928. 1018. 1914.

Gta. Cts. Ct.

16.

50 80

46 28 80

50

*

28

30

J

40

22 21

each

22

21

per dox-82

18 ́..

新鮮雞蛋

38

26 2#

本地黪 lb, ВБ 26 24

40

か

34

46

色

24

each 66

80

慊口盛

85

28

16. 65

60

51

sach- pair $2.00

each 25

BO

17

ER ER · SE NE NE DES COGESUCH

駐班新本橋 白海山

Fruits.

華山香蕉

荔枝干

新會甜卷

ដននិង៩ | គÅវន | | | | | | |

2

70

22

24

0.

4

each 12

10

20

·

#

12

0

teach

10

0

48

80

11

16

12

14

4

#

each 18

18

46

在金董裙花棒金荔新番沙花紅大会客

བླ རཱ ར སཙྪིཾ བ ཀ ༅ དང ང བ དམ མར་ང་དྷྲྀ ལྦ བ ༅ ་ འ ར ར བ བ མ ཙྪིཾ, ང མ ཐ ད ཥ ་བ བ བ ད

Artichokes ....

Beans, Sprout

Long Best Root

Bitter Squash

Brinjals, Green,

Red

Vegetables, &c.

Cabbage, Chinese

(Shanghai)

Cane Shoots, bunch

Cauliflower (Large) ..

(Medium).

雅芝性 each 10

+

"

(Small)

**

中轉花

Carrots

無椰菜花

1+

Mutton

Sassores

H

No. 1..

Fish.

1b, 70

20

+7

22

) 海鮮

25

20

#

28

**

30

20

45 28

28 H

38

11

23

42

#

·11

10

45

25

18

13

Bed

22

"

#

Green

80

П

Curry Stoff, English

78

-80 22 18

Cucumbers Garlic

25 18 23

Ginger, Young

80

15

--- Old

H

28 22

18

F

75

24

45

28

20

P

80

2

25

2

80 16

A

Fresh Water Yellow

Profits that would otherwise have been made on the live lines are ab- $60,000,000,00 Borbed in the costs of carrying the 19,278,000.00 dead ones in stock. As the variety 9,629,425.24 increases, the burden on plant faci- lities and the whole production per- sonnel Increases and sooner or lat er manufacturing costs go up in Branches and Sub-branches all over stead of down. The selling organi-merce got their income from a tax Eels, Conger THE YOKOHAMA SPECIE BANE, China and Correspondents in Europe,

LIMITED.

America, and other parts of the world antion is pushed to spread its effort London Bankers: The National Pro-over the expanded line, and the vincial and Union Bank of England, consequent diffusion of effort usual-

of Commerce to defray the cost Garoupa The Guaranty Trust Company of ly Increases the cost of selling per of keeping them going.. Even the Gudgeon New York.

or Herrings unit of sale faster than it increases smallest Chamber in Germany New York Bankers:-The Irving

Holland in consequence of this had | Halibut - National Bank.

the total volume of units sold,

an adequate income. It might be Labrus The Equitable Trust Company of A minimum consistent range of contended that such.

Byatem Loach Now York

Interest allowed on Current Accounts line numbers all active, carrying bound the Chambers too closely, to

Lobsters and Fixed Deposits. Tarms on applica- no dead weight, mads and sold in Governments, and robbed them of

Mackerel their independence. There was ́s Every description of Banking Busi- large volume, even at a smaller cash lot of truth in that, and our volun- Monk Fish

profit per unit, means good annual tary system had much to commend Mullet

it. He deplored the fact that Oysters net profits.

many smaller Chambers could not Parrot Fish The manufacturer who can thus get sufficient income to, do

their Perch keep his production and selling work properly. In many towns Pike

"stripped-for-action" -- the | the usefulness of Chambers was forces THE BANK OF CANTON, LTD. manufacturer who has the courage limited because they had insuffi-Plaice

to "áimplify" rather than "diver-cfent funds,

"I would like," he said, "to see Pomfret, White sify"-need not worry about better prouts in the case of declining the whole question considered ns- PrawnS

tionally, to and out what the pasi-Ray

Head Office:-YOKOHAMA,

Branches and Agendes at: Alexandria. Batavia.

Bombay

Buenos Ayres,

Calcutta.

Canton.

Changebun

Newchwang. New York. Osaka. Poking, Rangoon Rio de Janeiro, Salgon Datron (Dalay).

San

Francisco Fengtion (Mukden). Seattle.

Shopp

Singapore.

Soerakaya. Sydney.

Hamburg

Hankow.

Harbin

Hong Kong.

Honolulu

Kai Yuan,

Karachi Kobs.

London,

Los Angeles. Lyons.

Nagasaki, Nagoya

Tientsio.

Tokyo. Tainandu. Taingiau. Vladivostok.

(Temporarily A closed).

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

EL HORI

of Manurer. Hong Kong, 120 Saptembar, 1927.

tion.

ness transacted.

Loans granted on approved securities. Special facilities for Rome Exchange.

SHOU J. CHEN,...

Manager.

Established 1912.

Head Office Hong Kong...,

Authorland Capital (IK.K. Currency)..... 21,000,000 - Fald Up Capital 00

8,004,200 $50,000

Bewerte Zandaa vanessa

BRANCHES >

Canton, Shanghai, Hankow, “Bwalow," Bangkok New York and Sun Franataon,

LONDON BANKER#:

The Liend's Bank Limited.

· QOKRESPONDENTŲ...:

Der Ingall principal cities of the Worla.1

Torsten anohange and banking budešas of every camription teamamotoda

Bale Desamth Baron (Taxidus sisus) at myearly rental of from 48 to $40.

· LOOK POONG BHAN, A CHEN, DE Chlef Manager, Bong Kong, 19th February, 1927,

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tion is, and to try to discover waya Rock Fish Whether members of the Man- and means of making Chamber of chester Chamber, and particularly Commerce work, eficient,

The Roach those engaged in the cotton trade, very small Chambera, with no re- Salmon will altogether agree with these sources of money or men, ofton Shark views we do not know. But we brings the whole movement into

Skate think much Interest would attach discredit. In Germany they re- to a serious consideration of the cently elaborated a scheme for Shrimps extent to which any of these dividing the country into regional Snapper

districts for Chamber of Commerce Soler theories might profitably be adopt purposes. They closed down a Tench ed in this countryManchester very small Chamber, and allowed Turbot Chamber of Commerce Record." that particular town to have re- Turtles, small,

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