1929-04-03 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized. Capital 4,000,000 Fund and Pully Paid-up000,000 Resurse Funda 2-

Berlag......£ 6,402,906

Bilver

$14,000,000

Besarve Llubility of Propelstors #20,000,000

· HEAD OFFICE: HONGKONG.

cobar of DIN ZOTORS:—

N. 8. Brown, Eng. Chairman.

W, H. Ball, Eas. Deputy Chairman,

B. D. F. Helth, Baq.

A. H. Compton, Ed.

B. Landes' Lewis, Esq, 0.0.8. Marhlé. Era.

AMOY

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO

COLOMBO

Pabenden, Bay.

T. K. Pearce, IC×q.

I. &. Plummer, Eng. J. P. Warren, K-q.

Chief Managet, Hon. Mr. A. . Üjom.

DAIBEN

DECOCHOW

HAIPRONO

DAMBURG

HANKOW

KARGIN

HONGXFW ILOILO

IPUR

JOHORE

KOLE

KOWLOON

BRANCHES:

KUALA LUMPUR

LONDON LYONA MATACOM

MANICA

MOUKDEN KAGASAKI

NEW YORK

PEKING

PENA NO

RANGOOK

SAKON

RAK FRANCISCO

SHANOLAI

BINGAPORE

SOURABAYA SUNGEI PATANI TIENTRIN

TOKYO

TSINUTAO

TOROKAMA

Current Accounts opnued fa Level Corrency sad Fixed Depperty repaired for one your or berter periods in, Laval Currmacy and Sterling oo art which will be quoted on application. King Kang, 18th March, 1925,

HONG KONG SAVINGS BANK.

The Bunine of the bare Rank in conduet. ed by the HONOKONG AND SEANCEAL BANKING CORPORATION. Bu may Juiced on application.

&

FOR THE HONGKONG SHANGHAI BANKING COBEORATION.

A. C. BINER;

Chuf Manager.

Hong Kong, 18th Septler, 1927.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(NETHERLANDS TRADING BOCIETY)

BANKERS.

Established 1814.

Hong Kong few:-11 Queen's Bend Chatral, Authorin Capital Quilder 150,000,000- (2.500.) Paid-up Capital

Guilder Mocká,000- (20.00.870.)

(28,888,187.)

行銀商江法中

BANQUE FRANCO - CHINOISE pour le

Commerce et l'Industrie (Incorporated in France).

Prince's Building, Chater Road,

Hong Kong.

HEAD OFFICE:

74, Rue St. Lazare, Paris....

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

.Fra.22,319.000

BRANCHES:

J

BRITISH STOCK

RECORD IN NEW CAPITAL ISSUES

ENORMOUS TOTAL

THE CHINA. MAIL,

COMMERCE

London, Yesterday, Paris; Lyons, Marseilles, Saigon, In the twelve months ended March Haiphong, Hanoi, Tourane, Quinhon, 31 new capital issues made in the Hue. Thanh hoa, Vinh Pnom Penh.

Peking, Shanghai, Tientsin, Hong United Kingdom constituted a record

and exceeded £373,000,000, Kong.

BANKEUS: 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. Banca Commer- ciale Italiana. SAN FRANCISCO:-Bank of Italy.

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

IL BERNIS,

In the previous twelve months the figures, according to statistics compil ed by the Midland Bank, totalled $385,000,000.-British Wireless Service.

ANGLO-JAVAS

REPORT AND_ACCOUNTS FOR LAST YEAR

The directors of the Anglo-Java Estates, Ltd., recently submitted the following report and audited state- Manager.ment of accounts for the year ended

December 31, 1929.

Hong Kong, 3rd August, 1928.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

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

tors

The areas unchanged at:

Limburg Djurangan

£3,000,009 .£4,000,000

£3,000,000 lowB.

Agencies and Branches:

ALOE STAR

(Matsy Slain)

AMRITSAR

DANUEOK

BATAVIA BOMDAY CALCUTTA CARTON MACAWNPORE

CEBU COLOMBO DAIREN (Daly,

Sent Manchuria) DELHI

HAIPHONG

HAMBURG

HANKOW

HARBIN

(N. Manchuria)

HÙNG BONG

ILOILO

KARAGHI

KLANG

KOBS

KUALA LANOSAR

KUALA LUMPUR KUCHING

MADRAS

MANILA

MEDAN NEW YORK PEKING TENANO PESHA WAB RANGOON

SAIGON

SEMARANG

SEREMBAS

SHANGHAI

BINGAPORE

NOURADATA

TS PING

PM B

TAVOY

TIENTSIN TOATO

TONGKAH (Bhuket)

TRINGTAO

ТОБОНАМА

ZAMBOANGA

Perak (P,M,8)

Foreign Exchange

Philippine Islanda)

and

General

Total

Агол of the Estates remain

ncres

.6,036

.2,510

.8,546

AND

FINANCE.

Considerably more rain fell duringį 1928 than in the previous year, but it was more evenly distributed, which was beneficial to the cultures. Suffi cient labour was available on both Estates

Conditions during the throughout the period under review

Year, were somewhat unsatisfactory. Green Covera have been established over practically. the whole area and. not! only do the Rubber trees have a bet- ter appearance, but yields have shown. an increase,

account.

T

Accounts

The Balance transferred to the Balance Sheet is Tls.121,843,12, which added to

the sum brought forward from last year, leaves a Bum of Tla.142,675.56, which emount your Directors recommend shall be dealt with as follows:--

To pay a Dividend of 25

cents per share To pay a Bonus to General Managers, Estate Manag; ers and Staffs ... To carry forward to New

Account

WEDNESDAY, APRIL 1929.

WESTINGHOUSE

LIGHT & POWER PLANTS

TIs.

.124,000.00

9,920.00

8,756.56

Tis.142,670.56

THE NEW MODEL NO. E-31.

S'HAI EXCHANGE

REVIEW FOR WEEK ENDING MARCH 23

RISE IN SILVER

N. V. Djarangan Estates, Ltd. Working Account. The profit for the year is F.185,466.78, which has

There are somewhat more activity been carried forward to Profit and displayed in this market, with a cor- Loss Account. The whole of the Gen- responding rise in silver prices from eral Expenditure as well as the cost 25ad, the opening rate of the week, of the Upkeep of Reads, Bridges and to 20%d. for ready, and d. higher Buildings, has been charged to this, for forward as closing rats. Due to the undoubtedly delicate political situs- tion speculators were on the selling side, accumulating a not inconsiderable "short" position Nobody is able to Indicate with a a degree of certainty the

gold dealers ex exact size of the change position, and therefore we are left to estimates which frequently dill differ according to

to the views adopted. by the many observera. We feel that the present engagements of our Kiu- kiang-road operators aggregate less than 30 million yen, plus one mil- lion sterling, oversold, ie., altogether £4,000,000.

Stock of Rubber has heen valu. cd, for the purpose of the Accounts at 35 cents (7d.) per pound."

Rabber Factory. The Hydro-electric Generating plant continues to work satisfactorily.

Anglo-Java Estates, Ltd.-Appears as a Debtor for F.85,793.17, which will be reduced by the payment of the Final

Prof

and Loss Account Agency Fees and Selling Commis- sion amoun! to F.31,129.62, the Tael equivalent of which will be found on the credit. side of the Shanghai Com-

'Planted Area Hevea The areas under Hevea, in-pany's Profit and Loss Account. bearing and immature, are as fol-

The sum of F.14,000.00 was set aside for Income Tax and F.11,681.90, was placed Inbear Imma- Total

a Reserve for the ing. ture, acres 1,053 5,379 2,328

Limburg.... 4,826 Djarangan 2,328

Total * 0,054

1,053 7,707 Considerable revenue epatimues to be derived from the sale of seeds and bud wood from the oldest bud-grafted area, where some very high yielding clones have developed.

Hemp. This culture has now been cut out. The other planted areas are as follows:-

Timber and Bambo

Rice Fields Nurseries

acres

.142%%%

..256

... 92

The total area under cultivation is thus 8,197% acres.

Harvests

Rubber. The total production Banking business transacted.

amounted to

to 2,278,341 lbs., of which Current Accounts opened and Fixed Limburg contributed 1,426,668 lbs., and Deposits received for 1 year or short Dlarangan 852.673 lbs. The produc

er periode at rates which will be quet-tian during 1927 was 1,828,199 s.

care Fuod ............... Guji 10,000,000-

Find ; AMSTENDAN"|- Eastern Head O-BATAVIA, PRANCHES :—BAPteroan Indong' Emhared on application.

Calcutta. Cheribon, Jadran, Djomher. Diskjakarta The Boguc), kote. Ka tudja, Mokasear, Hadan, Pazung Palembang. Perslong, Pa Photinuak, Rangoon, Rosterdam), Smurung"}, Bhanghai, Sibolg (Bucastra), Blogspo. Boerskis,

A. E.. FERGUSON,

Manager.

Hong Kong, 8th January, 1920

Boerakarta (Bolo Tegu THE BANK OF TAIWAN, LTD.

and Welterraded)

"The offices have safe deposit boxes to Earth

London Bankers-National Provinsial Bank 3,6d. Correspondents all over the world.

Banking koniuose of așary

description wasted.

O. STREXSTRA,

Hong Kong, 25 August, 1978.

Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Paid-Up Capital ...Fre. 68.400,000.00 Reserve Funds ....Frs.102.000,£00.00

(TAIWAN GINKO)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa. Bank Notes issued

Average amount

Yen. 45,000,000

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

Osaka.

Subscribed Capital Fra: 12,000,000.00 FORMOSA-Giran, Kagi, Karenko, .Keelung, Makong, Nanto, Shin

chiku, Taichu, Tainan, Takeo, Tamsui, Toor, Heite, Taito. CHINA Shanghai, Hankow, Amoy,

Forchow, Swatow, Canton.

BRANCHES:

Bangkok Hami Quinton Battambang Hong Kong Saigon Cantho Mengtze Shanghai Canton Nam-Dinh Singapore Dijbouti Noumea Tientsin Fort-Bayard Papeete Tourane Haiphong

Peking

Vinh Hankow Prom-Penh Yunnanfu

Pondicherry

BANKERS:

perce

1928

8,12

Costs of Production in pence per pound, at parity of Exchange, were:-- Average for both Limburg Djarangan Estatea

pence

pence

6.25

7.41

7.36

6.55

5.67

4.73

7.07 K.26

1927 1928

Restriction of Sales was adhered to until November 1. Sales amounted to 1,911,372 lbs., and realized an average net prize of 41.17 cents per pound equivalent at parity of exchange to 84d. compared with 175.71 pence last Year. Unsold Stocks total 375,360 lbs. which, for the purpose of the ac- counts, have been valued at 7d, per pound.

Thinning out is being conducted on both Estates in accordance with the results shown by the recorded yield from individual trees, only the worst yielding

and malformed trees

being removed.

Interplanting Coffee-Daring

the

Hemp. The crop amounted to 1.473.75 piculs, which had all been The Bank has Correspondents in the Commerdal sold by the end of the year realizing Centres in the European Continens, Russia, Man F.19.25 per picul. The cost of pro- IN FRANCE: Comptoir National churia, Taingia, Japan, Indo Chins, Blam, India, d'Escompte de Paris; Credit Lyonnais; Philippine Island, Java, Africa, U.3.d., Aurals, duction, including 5 per cent. of the Banque de Paris et des Pays-Bas Interest stood on Current Acousts, and Flod General Expenditure was F.17.82 per

picul. Credit Industriel et Commercial: Deposits at ratos which will be quadrics Rainfall in Societe Generale.

K. NAGURA,

IN LONDON: The National Provin

ele

to

WHEN YOU

ARE ON LEAVE

keep in Touch with Hong Kong and China affaira by subscribing to the OVERLAND CHINA MAIL

ILLUSTRATED

JUST REORGANISED,

3 Months $ 3.75 6 Months $7.50 12 Months $15.00 “including Postage.

Newspaper Enterprise Ltd.

China Mail Offices, 3A, Wyndham Street.

13

>

H

73

12

Limburg Djarangan

Machinery, etc. Roads Tools and Im- plem.nts Written uff Live Stuck Carried forward to New

Account

inches

inches

87.68

108.32

35.87 91.26

88.70 91.34

not

This sum is not too much for the capacity of our local gold dealers and would not, under ordinary circum- atances, call for comment. However, at a time when silver prices rest on brittle ground, being maintained al- most entirely by possibilities of war.

Self-Contained

Air Cooled

Self-Starting

Reliable

Economical

Durable

"THE SIMPLEST THING YOU EVER SAW"

Sole Agents-

REISS, MASSEY & CO., LTD.

Exchange Building.

Tel. C.673.

fare, an uncovered exchange position BRITISH INDUSTRIES "CHINA" LADIES' HAIR DRESSING

of four million pound may be con- sidered high.

Silver and Shanghai Cash Position

In our last week's review we point- ed out that Shanghai will have to get accustomed to seeing permanently higher cash balances in the vaults af local banks, habit which is at too difficult to adopt and maintain. But balances here continue to increase to

по

a considerable extent, while there are

indications as yet of an

outlet of silver. As long as this is the case silver is not likely to rise permanent- ly to any extent. It is thought that the Nanking mint may open shortly and work apart from the Hangchaw mint, which has been in operation for werks. Possibly there might be a delay as regards Nanking, until the political horizon has somewhat

some.

cleared.

THE RECENT FAIR AT BIRMINGHAM

Though a pleasant, it has become almost a monotonous duty to record an annual increase in the size of the building required to house the exhibits at the British Industries Fair at Bir mingham, due in no small measure, to the additional demand for space on the part of firms engaged in the en- gineering industry. It would not ba unnatural to assume from this that this industry, in parte deplorable con- was rapid- ly

recovering from the ditions ruling a few years ago. A study of our yearly reviews of the engineering trader, however, shows that the improvement is nothing like so great as this criterion would in- dicate, and

to seek it is necessary. some other explanation for the phenomenal growth of the buildings at Castle Bromwich. We believe that this will be found in an increasing realisation of the fact that the Fair has special features which differentiate from. other exhibitions held through- out the country, and that comparison with such great Continental fairs as 12 13 that held aimually at Leipzig is more against silver. Conjointly than a mere idle compliment to the there exists a tendency to hoard silver promoters.

The Fair is in a category in times of stress and draw it away from commercial traffic.

Warfare and Silver The question is often put why silver prices should rise whenever there is China. civil war in

Undoubtedly trade is adversely affected, but im- ports much more so than exports. The principal reason is to be found in the desire of the population in tho interior to avold as much as possible the acceptance of banknotes and to

change these 3 rapidly

The much

by itself among British exhibitions in virtue of the Government support While the outlook for peace with with which it is favoured, and also Wuchang is somewhat remote there because the exhibits are not confined seems to be ground for expecting a to any one branch of industry. It at definite settlement Amortisation of Leaseholds.

of the Tsinanfu tracts a considerable body of foreign debiting these amounts

After and other "incidents" with Japan. visitors, and this fact alone renders the account The Shanghai market was much in- any apology unnecessary for again shows a proat of F.78,517.08, which fluenced by news to this effect, which drawing attention to the unworthy added to the balance brought forward game in on Saturday morning. The buildings in which it is housed, and from las year, makes total of immediate effect was an improvement the inconvenience resulting from its OTHERS-Hong Kong, Singapore, mendation of the Visiting Agent, de-

year the Board on the strong recom- F.80,842.80, which your Directors have chould indeed result in a fina! settle- ated serlions. We are fully aware of of the yen rate, and if negotiations being divided into two widely separ Soerabaya, Semarang, Batavia, cided to interplant Coffee on

dealt with as follows:- Bombay, Caletta, London, New Barek division. The total expense of

the Paid as a Dividend to the

Iment of this long delayed question, the difficulties associated with the

sto erection York, Daires.

Shanghai Company.....F.60,000.00 we are sure to see higher ven this has been charged to Upkeep of

of a new building of suffi cross-rate; LONDON BANKERS:

Written of Water Power

cient correspondingly higher

giza to

to accommodate both sec Gardens,

Scheme, The London County Westminster and

5,092.62 gold bar quotations, and probably

tions the

of Fair, and with at least Parr's Bank.

Written off Buildings

5,092.62 somewhat lower silver prices.

some claim to architectural dignity, 3,035.25 Electricity Department & Silver Prices but these difficulties should not be

discussed sale of the allow

allowed to stultify an issue of national 1,000.00

Shanghai Municipal Electricity De

importance. There can be little doubt 1,548.61

for which 81 million tela partment,

that the most suitable site for a new 1,245,79 have been offered by one of the for- building would be in the

neighbour. eign tenderers, has given rise in some hood of London. Not the least of the quarters to 3,612.80

the

to which we have refer- expectation that River difficulties, would go up consequent upon the red, is that a transfer of the

Vende F.80,642.30 bringing here of £10,000,000 gold from Castle Bromwich to auch - N. V. Limburg Landen

capital, which would have to be con- centre would deprive the Birmingham. Working Account. Eighty-five per verted into taels locally. First of all Chamber of Commerce of the fruits cent. of the General Expenditure as the project itself is merely a play so

of the unremitting spade work, which well as the entire cost of the Upkeep far and still far from realisation. alone has brought the Fair to its pre- of Roads, "Buildings, Tram Line, Secondly stands to reason that the sent importance. The present area under one roof at Castle Bromwich Machinery, and of the various Gar promoters will offer all, or the larg dens and also the cost of dredging the est part of the necessary capital to is some 11 acres, not very appreciably. Lake have been debited to this ac- local investors, notably to the present less than that of the Palace of En- count.

debenture holders, 30 that there might ineering at the Wembley Exhibition, and it may well be wondered whether The Unsold Stock of Rubber has be but little influence on the local ex- been valued at 35 cents (7d.) per lb. change market. The view expressed it is yet too late to rescue the latter

profit for

here is merely a surmise, the

based on building from oblivion, and utilise it is year 1,800,000

as the national exhibition building re- Daily F.165,002.84, which has been carried logical reasoning.-N. Paid-up Capital

1,050,000

quired. "Engineering." to Profit and Loss Account,

News." Reserve Fund and rest. 1,584,846

Profit and Loss Account.-Agency BANKERS; The Dank of England &

Fees. Selling Commission and Interest BRANDI and Bank, Ltd.

amount to F.66,451.13, the Tuol equi-i Bangkok Hongkong Kuala Lumpur Baiarla Howel Egzstan (Fabang) baha

valent of which will be found on the Madras

Binala

credit side of the Shanghai Com- New York Blagapore pany's Profit and Loss Account. Paning

Bourabaya

Lion Deposits in Yeu can be secopted

cial & Union Bank of England, Ltd.: HONG KONG BRANCH: Comptoir National d'Escompte de Paris; Credit Lyonnais.

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

Interest allowed on Current Ac- counts and Fixed Deposits according to arrangements.

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

A. LECOT,

Manager.

Hong Kong, 28th Nov., 1928.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

Yen 105,500,000

Head OLice: YOKOHAMA.

པ

Branches and Agencies at:

Alexandria

Batavia

Bombay

Buenos AyreŃ

Calcutta

Canton

Changchun

Dairen (Dalny)

Newchwang

New York Osaka

Peking

Kangoon

Rio de Janeiro SRigon

Fengtien (Mukden) Seattle

Hamburge

Hankow

Harbin

Hong Kong

Honolula

Kai Yuen Karachi Kobe

Sun Francisco

Semarang Shanghai

Shimonoseri

Singapore Soerabays Sydney Tientsin

Tokyo

London

Tsinanta

Los Angeles

Tsingtau

Lyons

Mazila

Vladivostok

Nagak

Nagoya

closed)

Interest allowed on Current Ao-

eunits.

(Temporarily

Inches

Manager.

1928 1027 1926

3. Des Voeux Hoad Central. Hong Kong, 19th January, 1929.

THE BANK OF CHINA. 行銀國中

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

Authorised Capital Paid-up Capital Reserve Fund

: $60,000,000.00 18,278,600.00 9,629,425.24

HEAD OFFICE: PEKING.

HONG KONG BRANCH:

4. Queen's Road Central.

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE; -

18, Grochurch Street, London, E. J.B. Authorised Capital....,000,000 Subscribed Capital

Bembey Ipoh

Caloutta Kandy

Branches and Sub-branches all over Colombo Karachi

Rangoon

China and Correspondents in Europe, Delhi Ro Blare Pit Looke (Mwvoltim#) America, and other parts of the world. Galle

London Bankers: The National Provincial and Union Bank of England, Ltd.

The Guaranty Trust Company of New York.

New York Bankers:-The Irving].. ་ ་ ་ National Bank.

· HONGKONG. BRÁNCEL. Every duription of Banking and Exchange be no transacted.

INTEREST allowed en Oorrent--Accuenta and Pad Thepots at Bates that may be contained on application,

7, Queen's Road Centra's

6. L. Q. BANDES, A Manager.

The Equitable Trust Company of Hong Kor. 141 September, 1928. New York.

Interest allowed on Current Ac-

The

The sum of F.13,500.00 was paid or reserved on account of Income Tax during the year, and F.47,428.00 war placed to a Reserve for the Amortiza- tion of

Leaseholds.

After debiting these amounts the result is a profit of F.37,462.80: which after adding the balance of F3.551.84. brought forward from last year: ap- Dears in the Balance Sheet as a Credit balance of F.41.014.14. which your Directors have dealt with as follows:

Shanghai Company. F.10.000.00 Written off-Hemp. Gardens. 5.000 40

Roads, etc...

1.00000 Buildings

2.685.20 Machinery Furniture

conuts and Fixed Deposits. Terms on THE BANK OF EAST ASIA, LTD. Pald as a Dividend to the

application.

Every description of Banking Busi- nean transacted

HEAD OFFICE: HONG KONG.

Loans granted on approved secur ities.

Special facilities for Home: Ex-Authorized Capital change.

Paid-Up Capital

SHOU J. CHEN,

Manager.

10, Des Voeux Road Central,

Hong Kong

$10,000,000

5.000.00 Reserve

1,500,000 BRANCHES AND AGENCIES:- Batavia

Melbourne San Francisco Nagasaki Seattle

THE BANK OF CANTON, LTD. Bombay

Established 1912

Head Office:Hong Kong Authorised, Capital (IL.E. Carpany)-...11,000,000 Pall, Up Capital Beserys Furid

Calcutta Canton Haiphong

Osaka

New York Semarang Singapore

Paris

Sourabaya

Honolulu Kobe

Peking

Penang

Sydney Talpeh

850,000 Canton, Bhanghai, Bankast Bentor, Bangkok, New York and 6an Fricardaco.

Kowloon London Saigon Manila

Rangooo

Tientsin

Tokyo

ARANCHER

LONDON BANKEPES:

The Lloyd Bacsk-Lifted.

COLRESPONDENZA.

In all principal cities of the Woda, -

Shanghai Correspondents in all principal cities of the world:"

33

3:178.68

Tramway Dredger

3.000.00

5,000.00

Tools atd In-

2,136.12

plementa Carried forward to New

Account

4.074.14

F.41.014.74

Anglo-Java Estates. El Balance Sheet The Balance due to and by the two Dutch Comnanies have han converted into Tis, at Exchange 180.

Profit and Loss Account-Interent and Sundry Revenue received - and Every description of Banking and Transfer fees. together amount to

Deposits received for fixed periods Forelimachine and bear botim of Exchange business transacted. Loans The 15.022.88, whilst the Shangbei Ex- at rates to be obtained on application.

H. MORI.

Manager. Hong Kong, 11th March, 1929.

Bala Teposit Baton (Varlom izde), si a pourly LOOK POONG SHAN,

Chief Manager, Hong Kong, 19th Februsy, 1927.

granted on approved securities.penses, including Firectors' and. Au- SAFE DEPOSIT BOXES to let ditors fees were Te 10.212.86. A

KAN TONG-PO, Au of Tls 10.660.45 has been Chief Manager, transferred from Exchange Arenost, Hong Kong, 21st March, 1927, Jeaying that account at Tis.75,000,00,

C.

FRY'S

CUBE BLOCK CHOCOLATE ·

Ash

a

CUDE

for

Cartety

CHOCOLATE

SALOON.

Head Office:25, Des Voeux Road Central. Tel. C. 6294. First, Branch:--

No. 5. D'Agullar Street. (For Ladies only) (Telephone No. C. 6234)

Second Branch —

No. 22, Queen's Road Central (For Ladies & Gents.) (Rear Ground floor of Kayamally Building).

Your Visit is cordially welcomed when you will see that our Train- ed Female Hair Dressers give you every catisfaction, Business Hours:— 8am to 7 pm on weeks days. 12 noon to 6 pm, on Sundays.

LOVELY

SURE

LINES!!

IT'S A

"VAUXHALL"

UNCLAIMED TELEGRAMS.

THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH CO., LTD.

are

The following unclaimed tele- grams

lying in the E. E Telegraph Co. office, Hong Kong:-

Tholenian, from Bangkok. Kumeyoko, from Taihoku. Malm Company, from Saigon. Senophone, from Singapore. Miss Violet Yew, from Saigon.

S. LACK,

Superintendent.

Hong Kong, 28th March, 1929.

SURTAX FOR FAMINE

Shanghai, Yesterday. A Japanese report from Nanking says the National Government has de- aided to levy, as from April 10, a 2% per cent, surtax on commodities passing through the Chinese Maritime Customs, over the present duties, for the defrayment of Government expen- diture in relieving famine sufferers in Shansi and Kansu provinces.--Reuter.

FOUR KINDS

FRUIT & NUT CHOCOLATE (Marnon Carter) Delicious plain thngo- kie: mixed with juicy almonds!

Tal and

calge

BELGRAVE CHOCOLATE

(Red Contety Ferfectly oisin, plainly perfect chocolat (out of the ordinary.

VALENCIA CHOCOLATE (Orange Cortet)!

Bilk chocolate maiše even more delizktha with fruity raising and choicest almonds!..

THE MILK

CHOCOLATE (Blue Carich) kinda with fresh milk „from Englais fazone.

Sole

Agents:-

JOHN D.

HUTCHISON

&

CO.

I