1928-10-13 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autherford Copiial

863.500.000

Ensead and Pully Paidup umemmin. 838,990,000 /Boatro Fesde:-

Wheeling

6,000,000 16,900,0

Barve flability of Propriadors ---836,800,000 BALD OFFWE: HONGKONG

COURT OF DIRECTORS 2

A. EL Dompion, Keg

Ohairman.

N. 9. Brown, Bag, Deputy Chairm&E.

#. L. Paibenden, Eng.

Mani Ms. B, D, V. Bat.

W. 11. Ball, Big-

3. & Plocholar, Beg

Man, Mr. Ch C. & Maskia. T. 3. Wasil, Boy,

· P. W. Mamay, Bag,

II. P. White, Faq. Chit Manager

AMOY

BRANQUES ¿e -

·BAXOXOK BATAVIA

* LONDON ΣΤΟΧΕ

BOMBAY

CALOUTTA

GANTON

CHEFOO

COLOMBO

DATENS

PONCHOW

TA PIÔNG.

BAMBURO

NANKOW

WARRIN

CONDIEW

ΚΑΠΟ

Грод

TO HORI

KOBI

KUALA LUMPUR

MALAGOA

MANILA

MOUKDEN NAGABAKI NEW YORK PEKINO PENANG RANGOGN BAIGON

BAN PRANC1800 БЛАНОВАХ

SINGAPORE

SOURABATA

BUNURI PATANI TIENTSIK

TORYO

THINGTAO

YOKOHAMA

Derriet Actosale oysand in Loos! Curzonry and Pized Deposita isosired for one pour NE sheriar periods Mi Lomi Currency and Sterling en termi which will be quoted on sypilonalom. Hong Kong, 104h Haplomber, 1929.

HONG KONG SAVINGS BANK.

Law Bekas of the abova Esch is coldwas

HONGKONG AND BHANGHAI

*

HANKING CORPORATION. Refer may be

stiained on application.

zuk THE MONGBONG

BANKING CORPORATION,

SHANGHAI

A. O. GYNRA,

Chist Manager.

Hong Kong, 18h Beglambar, 1957,

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

CNEHIGHLANDS TRADING 'HCIETY)

DANKERS,

Extablished 1834.

ting Song --LE Queen's Boad Central,

davkoriand Capital (ukdere Lov www.000-

(*17,000.)

行銀商工法中

BANQUE FRANCO-CHINOISE pour le

Commerce et l'Industrie.

(Incorporated in France),

Borg King.

THE CHINA MAIL,

Prince's Building, Chater Road,

LOCAL SHARES

HEAD OFFICE:

74, Rue 8. Lazare, Paris.

COMMERCE

Capital fully paid up....Fre.60,000,000 MESSRS, MOXON AND TAYLOR'S Special working capital..Fra,60,000,000 kaserfes

..FT.22,319,000

BRANCHES:

Paris, Lyons, Marseilles, Saigor, Haiphong, Hanol, Tourado, Quinton, Hoa Thành hoa Vinh Pnom Penh.

Hong Peking, Bhanghai, Tientsin,, Kong-

BANKERS:

FRANCE:-Societe Generale, Banque Nationale de Credit, Dinque de Paris et den Pays Bes. LONDON:-Midland Bank Ltd. NEW YORK-Amerian Exchange Irving Trust Co., Banca Commor clule Italiana,

SAN FRANCISCO:-Bank-of Italy.

Every description of Banking and Exchange Business Transacted. Cor respondents - throughout the world.

L. BERNIS,

Manager. Hong Kong, Brd August, 1028

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON. Paid-up Capital Kweerva Funud .......... Keserve, Liability of Proprie.

cors

WEEKLY REPORT

A QUIET MARKET

Messrs. Moxon and Taylor, in their weekly share report under date of yesterday, state:

business

AND

FINANCE.

CHINA'S TARIFF

BARON TANAKA ON REVISION

| MANCHESTER TRADE

MORE INQUIRIES FROM CHINA

SATURDAY, OCTOBER 13, 1928.

CINEMA NOTES

"LONDON" AT QUEEN'S

THEATRE..

THE WILBUR “BLACK BIRDS"

Ad-

CHURCH NOTICES.

A CHARGE OF ONE DOLLAR IS MADE FOR ALİ NOTICES UNDER THIS HEADING

ST. JOHN'S CATHEDRAL, HONG KONG

October 14, 1928 Harvest Sunday Trinity XIX. Choral Eucharist, 8 a.m. Children's Service, 10.15 a.m. Peak Sunday School, 10 M.D. Matins, 11 a.m. Preacher: Rev. H. V. Koop.' Evensong, 6 p.m. Preacher: The Dean.

ST. ANDREW'S CHURCH, KOWLOON

October 14, 1928 19th Sunday after Trinity 8.15 a.m., Holy Communion. 10 a.m.. Children's Servico, 11 a.m., Morning Prayer & Ber- mon, Scout Parade Service.

Preacher: Rev. W. T. Waldegrave,

2.46 p.m. Sunday Schools. 6 p.m., 'Evening Prayer & Ser-

mon.

Preacher: Rev. E. K. Quick, M.A.

Wednesday, Oct. 17

HOME DEMAND

Following is Hutton's trade re- "London." the new Britisk pro- 'port dated September 12:

duction starring Dorothy Glth who Following upon the publication of is supported by an all-English castį the Bureau crop estimate at the end of supporting players will bol of last week prices experienced a screened for the last time to-day at decided decline and the tone of the the Queen's Theatre. The picture. market at the beginning of this in addition to its gripping story week is distinctly bearish. The crop presents many famous and inter `CHANGE IN JAPAN'S POLICY estimate of 14,439,000 bales did not esting views of the metropolis. como as a surprise to traders on Filmed entirely in England, "Lon- this side and this easier tendency in dou" was dlraced by Herbert Tokyo, Yesterday. prices has no doubt to some extent Wilcox who also directed "Chu Referring to the recent informal been influenced by the better week-Chin Chow." conference between the Japanese and weather reports from the grow Our market was quiet during the Consul General in Shanghai (Mr. Ing areas. The boll weevil infesta- week under review with only a Yada) and Mr. T. V. Soong (Nation- tion has increased alarmingly in BARDELYS THE MAGNIFICENT moderate amount of

alist Finance-Minister), the Premier parts and to expand the crop ideas transacted and but little change in (Baron Tanaka), speaking in the beyond the Bureau forecast it will

Stupendous settings, thrilling prices.

Cabinet stated that Mr. Soong of course take favourable climatic Shanghai market is also quieter nought Japan's approval in the mat conditions during the next three or scenes of sword and battle,, to The following are the principal ter of the enforcement of a gradu- four weeks.

gether with a charming romance alterations since last week:

features of the spectacular! It is generally agreed that there are ated tariff as he apparently realised Banks-Eased off to some ex- that it would be impossible to en- is little likelihood of a scarcity of production "Bardelys the Magni M.A. tent now have sellers at $1,330.

Insurance stocks:-Were quiet force it without Japan's consent. the raw material, but experts are officent" which closes a season

Continuing, Baron Tanaka is report the opinion that. if cotton could be to-day at the World Theatre. with no change to report. .

the novel by Rafael Hong Kong Hotela-Are being ed to have intimated that Japan is obtained during the next few months apted from held for 38,70 without attracting now prepared to open negotiations on a cheaper basis than at present Sabatini, the story is told with a includes John buyers.

without insisting on the cancellation it would be a good thing for Lax- huge cast which

also overseas con-Gilbert, Eleanor Boardman and Hong Kong Lands:-Continued to of the abrogation of the treaty, pro- cashire and

| Roy D'Arey." meet with demand and came to vided the Nationalista give concrete sumers.

with a proof of their sincerity.-Reuter. As is generally the case business at $67.

falling off market operatives have- shown a marked timidity to act with confidence although prices are now lower than they have been for some time. The nature of the trade duri ing the past week has remained give two performances to-day at franch of The Mother Church, practically unaltered, there being a the Star Theatre. A special The First Church of Christ. Selent. fair volume of enquiry and offers to matines at which

"A Minstrel ist, in deal with but in the main at pro Revue" will be presented will hibitive limits. Calcutta has asked commence promptly at 2.30 p.m., for grey shirtings and dhooties At 9.15 "Variety" will hold the Mr. Rodolph Fane De Salts whilst Bombay has been principally bill. There will also be a con- (chairman of directors), who pre- interested in whites and fancles. tiuuous movie performance of sided, said: As we only had efficient There have been more offers lately "Love's Greatest Mistake" starring use of our Birmingham factory for from Madras and Karachi and in Evelyn Brent, from 4.80 to 8.80 p.m. six months of the year, you will some instances a nice turnover has consider the results we show not been effected. only good, but very satisfactory. China has enquired for grey and white shirtings with odd lines of bleached cloths and brocaded styles. ¡Singapore and Colombo hna remain- ed quite. the business being chie y restricted to specialities. There has been a moderate trade done for the South American outlets in the finer fabrica and dyed cloths Egypt and the Levant are keeping in touch

capital comedy "College" will be with the market but the offers put screened at the World Theatro forward are still very low.

Humphreys Estates: Changed ,23,000,000 'hands at $15.20 and have further

£4,000,000, buyers at this price.

£3,000,000

Agencies and Branches:

ALOR STAR

AMRITEAK

DANUROL HATAVIA EBAY AALCUTTA

CANTON

CAWEPURA

BUC

EXPLAIN 90 DELE

ILA PHONO

HAMBURG

HARKIN (3. Manchuria:

BANKU

TINH FONG

JPU

Накасят

ROLLO

ALAU

Xひお

KUALA KANGSAR

Parma (V.ALBJ_

KUALA LUMPUR

KUCHING

MADRAS

MANILA

MEDAN

NEW YORK PEXING

PENANG PESHAWAR BANGDON

SALOON

SEMARAKO KEREMBAN

KUANGILA BINDA PURE SOLBARAYA

TAIPIN

**{},4.5.)

TAVUX

TIENTSIS, TUKTU

TUSUKA (Buko!}

TSINGTAO

YORLANA

ZAMBDABOA

(Philippus Idands)

Realtics: Firmed up during the week and business was done at ris ing prices from $8.85 to $94.

Hong Kong Trams:Were in leas demand and shares are now on offer at $24.

Steamboats--Also met with less demand and close with sellers at $27.

Star Ferries:-Continued steady with business done of $6734.

Waterboats:-Met with a steady demand with more buyers than sel lers though a few shares came to market at $23.

Chinn Lights-Were the medium of business at $134/% for the old

Foreign Exchange und General Bank- shares and $13 for 1928 issue.

ing business transacted.

China Providenis:-Met with leas

Current Accounts opened and Fixed! demand and now have sellers at Deposits received for 1 year or shorter $5.70.. (28,606,670,7

period at rates which will be quoted Fun application.

rud tip Ospital!........... Üullders 0.000.000

Kmetro Puad, ima nei“ Guildara Kisan), LAKE

and nation—{AMSTERDA1⁄4 `j, Kavera led Ddku:-BALAVÍA, ANGELISH :—landjofmann Basdong Boby,

Galopite, Cheriton, Jeddah, Djum, Djuljakarta'), the linguni, Baku, Köm Hadje, Makassar, Mudan, Pasaka Palembang. Pakidooga, Реписк Potimba Bangunu, Rotterdam

Slangbal. Bibolgs

foumans) Biaspora, Bora Bowenkarma (kolej, Tagul, Tjitskjup) and Waterroded.'s.

17 bois allow bare aktu deposti kožar 10 ink, London Hanséta Hatice Frovinmal Bank La

Correspondenta alt over the world Banking busstione di stuży descrtyna annciach. -

O, STEENBERA,

Hong Kong. Mļk August, 1999.

Youngst

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.'

Subscribed Capital .... Fra. 72,000,000.00. Paid-Up Capital ....Fra. 88,400,000.00 Reserve Funds ....Frm102,000,000.00

BRANCHES: Bangkok Hanoi Quinhoa Battambang Hong Kong Baigon

Mengtze Shanghai

On the

Canton Nam Dinh

Hing par

Dijbouti Noumea Tienin Fort-Bayard Papeete Tourane Haiphong Peking Vinn Hackow

Pnom Penh Yunnanta

Pondicherry

"BANKERS:

A. H. FERGUSON,

Maunger. Hong Kong, 3rd April, 1029.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO).

HEAD OFFICE:-Talpeh, Formoss. Incorporated by Special Imperial Charter, 1899,

Central Bank in Formusu." Bunk-Notes issued

Yea 45,000,000 Average amount

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

Osaka

Telephones:-Continued to be en- quired for at $7.15 cum rights but still without any response from sellers.

Ropes:-Met with a steady de- mand with some business done in the old shares at $7 and both old and new have further buyers at quotations.

Watsons:-Came in for more en- quiry but the price offered of $14 was not high enough to attract sellers.

Dairy Farma-Were rather firm- er and at the close sales took place, ļat $22.60.

Electrics: Were steady with business done at $63% for the old FORMOSA:-Glean, Kagi, Karenko, shares, they close with buyers for

Keelung. Makong, Nanto, Shin-both old and new at quotations. chiku, Taichu, Tainan, Takao,

Wharves and Docks:-Met with! Tamai, Toen, Hoito, Taite. CHINA-Shangbai, Hankow, Amoy, no demand.

Foochow Swatow, Canton..

London Quotations of the 11th OTHERS:-Hong Kong, Singapore inst. Bank £140: Indos Deferred

Batavia, Soe mbaya, Semarang, Bombay, Calcutta, London, New £8; Shells £5.15/- all middle prices. Exchange:The demand selling York, Dairen.

rate on London is 2/-, 5/16 and the T/T. on Shanghaj is Tis.77%..

LONDON BANKERS: Fue Loudon County Westminster and Parr's Bank.

The Beck Correspondents in the Carla!

in the Haz-

Cours de pes do Color BI ANTHRACITE COAL

J

Philippine dande, Java, Alrios, U.S.A., Australia.

Inter alicirad on Cursos, Accounts, and Fixed IN FRANCE; Comptoir National Diporis se esine which will be quoted on appēca 4'Escompte de Paris; Credit Lyonnala; Deposits in Yun can la accapsod

J. IHARA,

Banque da Faris et des Pays-Bas; Credit Industriel et Commercial; Societe Generala

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

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

Interest allowed on Current Accouæda and Fized Deposits according to Farrangements.

Every description, of Banking and Exchange Business transected. Bata Deposit Boxes to let.

1

CH. LEM,

Manager.

Hong Kong, 18th August, 1928.

LIMITED.

HONG KONG BRANCH:

Manager.

8, Des Voeux Road Central Hong Kong, and September, 1927.

THE BANK OF CHINA. 行銀國中

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

Authorised Capital Paid-up Capital Reserve Fund

WELSH AMALGAMATIONS

MOOTED

SINGER & CO.

NEW SITE PURCHASED AT WEMBLEY

The twentieth ordinary general meeting of Singer and Co., Limited, was held on September 6, `In Coven try.

Ralph Jouas, chairman of the Financial Industrial Securities Corporation, who is said to be .. among group of Wall Street financiers which plans a G.$50,- 000,000 bank in New York's downtown district. John J. Raskob, the Du Pont family. and William F: Kenny, Inti- mate friend of Governor Smith, are others mentioned in the report.

STAR THEATRE

"The Wilbur Black Birds” will

** COLLEGE”

ANOTHER BIG COMEDY FOR WORLD

According to a special advertise mont in this issue, Buster Keaton's

from Tuesday to Saturday, The

There is a moderate demand of a varied character for home consump-story begins with Buster as a high school boy declaiming against tion and the Colonies and some

athletics. His girl however, tells business has been arranged.

him she prefers an athlete to a bookworm, and on enterting collega. Buster decides he will become an

EMPIRE PRODUCTS

GOOD WORK OF MARKETING

BOARD

6 p.m., Evening Service & Ad-. dress. Thursday, Oct. 18, St. Luke's Day

7 a.m., Holy Communion.

FIRST CHURCH OF CHRIST, SCIENTIST.

A M

Boston, Mase. U.S.A.]

Macdonnell Rond, below Bowen' Road Tram Station. Sunday Service, 11.15 am

Subject: "Are Sin, Disease & Death Real?

The Sunday School is held on Sunday mornings at 10 o'clock.

Wednesday Evening Meeting at 6.80 o'clock.

Reading Room at above address, open

Tuesday and Friday 10 a.m. to 12 Noon...

Monday and Thursday & to 7 p.m. 'The Public is cordially Invited to attend the service and vicit the Reading Room

*THE BLACK BIRDS"

SPECIAL MATINEE

TO-DAY

H

The Wilbur Black Birds" will athlete. After his arrival at give a special matinee in the Star College he successively tries base Theatre at 2.30 p.m. to-day, ac- ball, high-jumping, brona-jumping, cording to a special advertisement shot-putting, hammer - throwing. in this issue. The programme to Wellington (N.Z.).-The bene hurdle racing, pole-vaulting and be presented this afternoon is "A ficial results of the activities of the finally rowing, and it is here that Minstrel Rovuo," while at 9.16 Empire Marketing Board in popu he establishes himself. He is nm, "Variety will hold the bill. larising Empire food were praised made coxswain of the crew and Prices of admission for the matinee by Mr. D. Jones, M.P., chairman at his college wins. Later, the are $2 and $1. Children will be the annual meeting of the New climax of the film comes when admitted at half price. To-mor- Zealand Meat Board. It is antici- Buster

Raves the girl from the row at 9.15, an entirely new pro- pated that the present season will villainous rival, and spurred by her gramme entitled "Plantation Days" constitute a record for the weight plight, easily outdistances every which features the famous old of frozen meat exported...

The high plantation melodies, will be given

•

During the first seven months body in the big race. there were killed for export nearly ly original ending is in keeping and on Monday, the Kowloon sea- with the rest of an extremely son definitely closes with another. 550,000 more lambs than last year.

complete change entitled. "Jazz,” The total up to Aug. 15 amounted amusing film. to almost 6,000,000 carcases of beef. The Increased newspaper advertis- ing, the lectures and displays are creating public sentiment in favour of Empiro produce.

A

OWNERSHIP OF RESERVES

We are able to provide an increased sum for dividend, to increase our The Amalgamated Anthracite carry-forward, and to allocate £5,000

An interesting point in connection Collleries, Ltd., havo saquired con;, to`s reserve contingency account. trol of two companies which produce We propose to Issue £383.880 in with the shares of those companies 23 per cent. of the total output of the form of Saver per Cent. Cumula- the quotations for which discount Welsh anthracite. They are Welsh tive Preference shares of £1 each, the future is raised by a correspon. | Anthracite Collieries, Ltd., and The issue would bring our capital dent who writes:

Henderson's Welsh Anthracite Col-, to £1,000,140, or £140 in excess of lieries, Ltd.

our powers. We propose to increase

An extraordinary general meeting the capital by £500,000 Seven per of Amalgamated Anthracite Col- Cent. Cumulative Preference shares. .$80,000,090,08 |fieries, Ltd., was held in London on The issue of the bonus shares will 18,278,800.00 September 17, when the shareholders absorb £383,380, leaving unleaued 9,629,425.24 were asked to Increase the capital of £168,620. We also have a balance the company by £2,600,000 to enable of £338,240 Ordinary shares un- the share capital of the two Welsh issued. companies to be acquired.

We have purchased an extensive

HEAD OFFICE: PEKING.

BONG KONG BRANCH:

4 Queen's Road Central

-

London Bankers:-The National Pro

Ltd.

May I express my disagreement with your remark that the shares of J. Lyons and Co., Ltd., offer

· less yield than Government Stock. The distributable profit at March 31; 1928, was aufficient to have: paid 30 per cent. to Ordinary shareholders, and if it is the policy, of the company to conserve its finances by putting huge auts to a reserve already large, it is not to the detriment of the share- holder. He can. count the undis- tributed profits na reinvested, and

In a circular explaining the' and convenient freehold site at Branches and Sub-branches all ovterms of the share exchange, Lord Wembley, which is capable of meet. THE YOKOHAMA SPECIE BANK, Chris and Correspondent store feléhett says: "The completion of ing our requirements for many America, and otiser parts of the world these two acquisitions will re- years to come. The Importance of vmcisi and Union Bank of England, sult in placing 'under single being ablo to deal promptly with re- control and direction approximately pairs for customers cannot be over. The Guaranty Trust Company of

180 per cent. of the total output of estimated. Our financial record of New York.

New York Bankers:The Irving Welsh anthracite, and is the logical gradual expansion and recurring National Bank.

sequence to the efforts your companyImprovement In our profite indicates The Equitable Trust Company of has consistently made to unify and the soundness of our structure. Our a profit whether distributed or not New York.

Interwet allowed on Current Accounts stabilise the anthracite section of managing director concentrates upon is the property of the owner of the and Fixed Deposits. Termis on applies the coal industry,"

Established 1889. Capital (fully paid-up) Yen 100,000,000 Reserve fund

Yen 102,500,000 Head Of:-YOKOHAMA,

Branches and Agsucian sti

Newchwang.

aiskandria.

Batavia. Bombay.

Buenos Apin- Delenttä

Castor

New York.

Osaka.

Paking. Rangoon Rio de Janeiro. Saigon. San Francisco. Fengthen (Mukden); Seattle.

Changchun,

'Dalean (Dalay).

Hamburg.

Hankow.

Barbin

· Kef Yties,

Karachi

Kobe,

Los Angeles.

Nagasaki

Shanghai.

Singapore. Boerkbay. Bydney. Tientain Tokyo.

Thinzafa. Tsingtai. Vladivostok

(Temporarily closed)

skarast allowed on Gare

Hon

Every description of Banking Busi- nema transacted.

Loans granted on approved securities. Special facilities for Home Ex change.

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD,

Established 1012. ...

Head Offoo:-÷Hong Kong.

Asitaciant. Capláil (195) Ourmať) ...$11,000,000

£60,000

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

1,800,000 1,050,000

15, Gracechurch Street, Loodoo, E. C..

Authorlsed Capital :.:.28,000,000 Subscribed Capital „Paid-up Capital Reserva Fund and rest. 1,584,848 ΠΑΝΚΣΙΑ: --The Bank of England Wildland Bank, Ltd.

BRANCHES Bangkok Hongkong, Kus's Lumpur Rangoon Shanghaf Milketa. Mogrb) Kuantan (Kahang)' Dostaty [pob

Madur

Dillon, Bangkal. Balkon, Below, Balculia Kandy New York

Tangin Tom-Türk Ask Baní Tennoinen",

BOLONDON BANKBRO 200

ÖGKISPORDITS"

for all primalpak vities of the Well.

LOOK: POONG SHAN,

PARACLIT amazon

Bourabaya

. Dima

Colombo - Karachi 24. Peuung

Delhi Kate Dhats, Port Lools (Miami)

Olla

Ray KONG: BRANOR,

description of Banking and Exdiangs bust-

INTEREST allowed on Current Accounla and

as it is certain that the Increased reserve will benefit the market price of the shares, he can actually count himself richer by his share. It is of course perfectly true that

the scientific, ascertainment of the equity of a business, and its exist. cost of production, and this has been once is in itself a reason for appre and will continue to be the domin- clation in the value of that owner- ating guide of the board in fixing ship. But the purchaser of a share the sale price.

nt to-day's price is reimbursing the The board have decided to enter previous holder for the present the commercial car market, and we value he is relinquishing. That already manufacture both a 5 cwt, value, as we pointed out not only in- and a 10 owt van suitable for all cludes profits accumulated in the trades whose customers require past but the expectation of profita speedy delivery; of goods. We are to be accumulated in the future. aleo preparing i-80 cwt. vehicle of There is every reason to hope that the Government subsidy type, of the success of the business, of J. which full particulars will be pub- Lyons and Co. In the past will be lished when ready repeated in the future. Should Mr. A. C. Bourner, seconded the this be the case the purchase of resolution, which was unanimously shares to-day should prove as adopted.

profitable as a purchase made, say,

An Extraordinary General Meet five years ago. But the point is ing was held and a resolution au that in buying this prospect the

Piked Deposita ut, Balzs that may serialed thorising an increase of the capital purchaser of to-day must relinquish

في إحيا

use a Road Canten),

“King” Hong, "^204: Baywznbiz)-1930,

by 600,000 Seven per Cent. Cumula some portion of the Immediate tive Preferences shares was passed, income, he could reasonably expect

to obtain from his capital.

unanimously

GLADYS JACKS Company

of the "Black Birds" fra