1930-04-29 — Page 2

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HONG KONG AND SHANGHAI BANKING CORPORATION.

Bukhorfod Caplen $30,000,000 Joved nad Pally Palésia cognana #30,000,000 Hobart Fund 200

£4,500,000

Besarts Liability of Propriature $10,000,000

HEAD OPPICA, HONG KONG

BOARD OF DIRECTORS;—

\ 3. A. Plummar, Esq. ..

Chairmat

lah, Mr. C.1, 8. Mackie, Deputy Chairma

W, H, Bell, Fla.

A, H. Compton, Kej.

B, Sauder Lewin, Kej.

4. Mhain, BeĮ

AMOY

MAXOXOX

MATAYIA

BOMBAY ULLOUTTA CANTON EUGO

COLOMRO

PADIN

SOOCHOW

MAITRONG

MAMBURG BANKOW BALBIN

MOXOLLW

itans

#POK

JOBORN

HOWLOON

-un. Mr. J. J. Kalervou,

T. Y. Pearse, Esq.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1859. HEAD OFFICE: LONDON. Paid-up Capital

Reserve Fund

Reserva Liability of Proprie

tors

£9,000,000 .£4,000,000

.£3,000,000

KUALA LUMPUR

KUCHING

MADRAS

MANILA

Agencies and Branches:

~ (Malay "Wishes?

ALOR STAR

AMHITBAR

DANOKOK

BATAVIA BOMBAY CALOUTTA CANTON

2. 11. i. Nhow, Kaj.

CAWKPORN DŽBU

J. P. Warren, Keg.

Acting Chief Maanzer,

Y. M. Graybaru, Finga

BRANGHEB:-

KUALA LUMPUR

LONDON LONG MALAGOA

HINILA F

At Johare)

AKDEN NAGASAKI

KEW YORK

PETHING PENANG

- DANDOOR

BAIGON

MAN FRANCI800

BILANGKA

BINGAPORE

BOURABAYA BUNGEI PATANI

TIENT IN

TOAYO

TSINGTAO YOKOHAMA

Oment renta opened is Goont Curresor Fixed Deposite received for one your or skectar perioda in Local Currency and Bierling an formy wikiak will be quoted on application.

Log Kong, Jo April, 1900.

HONG KONG SAVINGS BANK:

The Bosses of the abara Bank is bonidase-

by the ONG ROND AND SHANGILAL ANLING CORPORATION, Bule ray b

ablained on application.

TOR THE LONO KONO A BANQÛAÍ · BANKING COMPONATION.

Y. M. GRAYBURN,

Acting Chef Maunger.

Hong Kong, G15 March, 20

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(ESTHERLANDS TRADING 600JETT)

DANKERS.

ו'

Established 1934.

Hong Kong Office:—11 Queen's Road Central Katherited Capital . Gullders 150,000,000- (12,400,000.) Pull-Up Capital ........... Gullfart 000,000 Bassirs Food .......... Guilders 4,000,000-

(20,403,887,)

(43,180,523,)

Eload, (AHBIERDAM')... Eastern Head 00::-BATAVIA. BRANÇUNS1-Bandpriamos Bandoung"). Bombay,

COLOMBO

DAIREN (Dalny

Bouth Manchuria)

DELNI

BEDIN

NEW YORK

PEKING

PENANC

PESHAWAB

BANGOON

BATOOK

BENARANO

SEDENDAN

AHAHOLAI

BINGAPORE

BOGRABAYA

TAIPING

7.3.3)

BAIPHONG

HAMBURG

HANKOW

HARDIN

(N. Muncharla)

TIVUI

LÙNG SONG

ILOILO

KARACH

LPONT

ELANG

Konk

KUALA KANGSA B

- Paruk (P,34.8.)

TIENTSIN TOKYO TONGEAH (Bukee, TSINGTAO YOKOHAMA ZAMBOANUA

(bilippe landa)

Foreign Exchange and General Banking business transacted.

Current Accounts opened and Fix- ed Deposits received for 1 year or shorter periods at rates which will be quoted on application.

A. H. FERGUSON,

Manager Hong Kong, 8th January, 1929,

THE HO HONG BANK, LTD. (Established 1917.)

CAPITAL.

Authorised Irsned Pald-up Reserve Liabilities of

Shareholders Surplus

THE CHINA MAIL.

COMMERCE

AND

FINANCE

MONEY MARKETS.

Review of Position in the Orient.

IMPORTERS SUFFER.

The 76th ordinary general moet Ing of the shareholders of the Chartered Bank of India, Australia and China was held on March 26, on the bank's premiɛcs, 38, Bishopsgate, London, E.C.

Sir Montagu Cornish Turner (the chairman) presided.

pc,rubber 29 p... tin.19 p.c., wool | 32 p.c. Goundnuts which form an] important part of exports from the Coromandel Coast, have dropped from £21 to £15 per ton.

HONG

TUESDAY, APRIL 29, 1930.

KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat. Bear Sirfain ...............

Prime Cut

April 25, June, June,

1930. 1918, 1914. Cts. Ets. Cta.

4 AE lb. 30 24 12

Corned

Roast

Breast

*Soup

Stemic

Steak Sirlon

» Sausages Bullock's Braină

N Tongue, fresh

Calves' Head & Feat Mutton Chop

师

Leg Shoulder

No doubt over-production or over- cropping is responsible in most cases for the fall in wholesale prices, but Mr. W. E. Preston (chief mana- we must remember that for some ger) having read the notice conven- time prices of many articles have ing the meeting and the auditors' | been unduly high; the result of the report, the chairman said:-Gentle- boom year 1920. This present, de- men,I have now the pleasure cline is therefore a readjustment of to present the directors' report and prices or a return to normal con- statement of accounts for the 12 ditions. The processes of read- months ended December 31, 1929. justment is a painful one, and we

From the report you will notice can only hope that the end is not:

Saddle that since we last met, our colleague, far off.

I am inclined to think pig's Chitlings Mr. Bateson, acting under medical we have almost touched bottom. advice, has, much to our regret, re- - Silver has had perhaps the most signed his seat on the board. Mr. sensational alump of any article of .$20,000,000 | Bateson had a long and varied commerce. According to the table 8,000,000 business career in Calcutta and in recently fasued by Messrs. Pixley 4,000,000 London. He possessed a matured and Abell, from 1889 to 1873 aliver 4,000,000 and well-balanced judgment, and his remained fairly steady about 60d. 2.219,000 personality was much appreciated per oz., when the demonetisation of by all who knew him. We trust silver commenced; from 1873 to that he will be spared many years 1890 about 48d. per oz., and then to enjoy his well-earned retirement. came a steady, drop to 28d. per oz. To fill the vacancy, your directors; up to 1916, when it rose during the invited Mr. Arthur d'A. Willis, of war period and touched 89d. for a Mesars. Ogilvy, Gillanders, and short time in 1920. After a sud- Co., to join the board. Mr. Willis den drop to 42d, it declined gradual- has accepted the invitation, and you | ly to 26.7/16d. per oz., where it

HEAD OFFICES÷—SINGAPORE. Branches, Agencies and Correspon- dents in the principal cition of the world.

Every description of Banking and Exchange busfüess transacted.

TAN ENG HOOL,

Manager. Hong Kong, 15th May, 1929.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial

Charter, 1899,

-U ́RREZABRAKEFOERKAKABEEFEBER+SAYLOGEARÓKUSABBA

$ * 5

Poultry.

28 11

Uhicken Capone,. Smalli Capons, Zargo

Duck

20 18

28 12

24 22

Apell 25, June, June,«

1930. 1918, 1914,

lb.

Ct. Gta. Cta.

24 22

30* 85

Doves

Eggs, Hen (cooking)..

* each

* per doz. 40

新鮮蛋

Eggs, Hen (fresh)

Fowls, Canton

Fowls, Hainan

10 12

per set 15

each 65 50 60

$1.40 $1.20

לון

Jib.

88185284878|988*** 37 9 8 8 8☎8-**--**88*88*29*****

Geesa

Pigeon's, Canton

Holhow

Turkeys, Cock

Turkeys, Hen Snipe.....

Apples (California)

本地鲲

DRR

AB SUKAR #akts#82

each

་་

៨៦៩៩៩ | នឝ | | |± | 1

888919889988881

***96398 16

▸

pair 180

cách 35

11 11

Tongue, corned 4

Head

鸭

Heart

Ib.

18 14

Hump, Balt

Foot

h cách 12

Pheasant

Kidneys

Tail

Quail Partridges

Liver

Jb.

13 14

Tripe

--10-8

..g

set $1.20 $1.00 $1.00

Fruits.

羊排

Almenda

金山粺

2+2 H

Bangnan (bride's)

̇燕山香蕉

Б Of

Per set 8

Carambola

群

lb..

18 15

Coconuts

15 18 20

Lemona, China .....................

each 16 10 10

Lemons (American)

10 3

Licheen, Dried ..

荔枝FIb. 30

Ib.

Oranger (Canton)

新會甜機

Oranges

Pears (Canton)

梨

Peanuts.

per set 80

00 70

# 生

each 10

Persimmons, Large

汇

-Plantalu

大辉

Pumelo, Slam

ench 18

Ib.

25 22

Walnuts.........

生产

合桃lb.

Grapes

*#7

20 20

Brains

Feet

Fry

Head

Heart

Kidnega

Liver

Pork Chop

Let Loin

Fat or Lard

Sheep's Head & Feet.. Heart

Kidneys

Livor

牛羊仔仔

Matton

......

Sausages

No. 1

Fish.

蛟

Canton Fresh Water 省城淡水

Fish

Carp Catfish Codilsh Crabs

will be asked to confirm his election stood at the commencement of Jann- Sucking Pigs, to order to-day.

ary, 1929, Since that date it reach- Suet, Beat ..... Mr. Willis has had a long Indianed this year at 18%d. per oz." The business experience, and as the re- causes of this gradual decline are, Veal Presentative of the firm of Messre. amongst others, the establishment Ogilvy Gillanders and Co. the con- of gold standard in various countries nections between the bank and that' and the increased use of notes in firm, which has existed for so many place of coins for daily purposes;

will be continued, years,

Our also the cheaper coat of production Barbel Central Bankta Formo

friend and colleague, Mr. Colin F. consequent on the fact that in many Bream Banb-Notes fund Korge S. Campbell, is unable to be with us cases in America silver is.

BRANCHES AND AGENCIES:

a bye. ZAPAN-Tokyo, Yokohamo Babe. - Osaka.” FORMOHA-Dips, Expl

Felung. to-day as he is taking a well-earried product of ore-producing mines Karinko Malone Haute, Bhachiku, Taicin, Talian rest and change.

(copper and lead).

Of the 'total' Takao, Tammi Toan, Hello, To Calquita, Cheriben. Ihamber, Disk HINA Ranghai, Hankow, AIOT Poochow

world's production of allver (240 jakarta'| The Hagun'), Jaddah, Kobe,

Bestow, Canton, Kota Radja, Makamar, Medas, Padang OTHERS: Kong as Bohaya.

million oz. no less than 79 pc. comes Patembang. I'shooga, Penantares...

USLAR bay, Cafutia

from N. America. Pontianak, Bangoon, Hotterdam");

London, New York, Daires

Thirdly, we Buangkal, Elbogga

LONDON BANKERS:

have various countries, such (Sumatra. Bingsport, Forobala,

India, France, Belgium and Great Howraharra (Kalvi, Tegal, Tilkatjap. and Wellmeado.")

Britain selling demonetized coins, or surplus coinage. Finally, we have an import duty of 4 annas.per oz. revived in India.

The effect on Eels, Conger silver-using countries such as China has been disastrous to the import trade, and holders of stocks may ge suffer severely.

Garoupa The Chinese tael has dropped from Gudgeon 23. 7d. to la, 11d, and the Hong Herrings

(*) Those allows kata zile duporiš Dozne to lok. Late Bankura 1-National Provincial Bank LiL Correspondente sit over the world

Banking busken of sterg description enacted.

A. STOKKINH,

Hong Kong, 1st April, 1990

Act. Majmgur.

BANQUE DE L'INDO - CHINE.

..' HEAD OFFICE:

BRANCHES:

96, Boulevard Hausman, Paris, Bubacribed Capital .Fs. 72,000,000,00 Paid-Up Capital ...Frz. 05,400,000.00 Reserve Funds ....Fra.102,000,000.00

Bangkok Battambang Has Canthe Mengtze Shanghai Canton Nam Dinh' Singapore Djibouti Neumer Thanbes Fort-Bayard Papeete

Hong Kong Quinhon '·

Saigon

Tientsin Haiphong Poking Tourane Hankow Pnom-Panh Vinh Hanoi Pondicherry Yunnanfu

BANKERS:

IN FRANCE: Comptoir, National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Basj Credit Industriel et Commercial; 80- clata Generale.

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

de Paris: Credit Lyonnais.

The London County Westminster and Parr's Bank.

The Bank has Corerpoolaste in all the prla olpad Dominertial Centre abroughout the wield,

K. RADURA,

Manster.

HONG KONG BHARON;

3. Zra. Vooon Boat Canizal Hong Kong, 19th Januniy, 1029.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorized Capital (H.K. Currency)...$11,000,000 Paid Up Capital 9,664,300 Boners Fund um 1,50

BIA NOTES:-

Geafon, Bhanghai, Ranko, to Henrick, New York and Frend

LONDON DANEBUS |-- The Lloyd's Bank Limited. CORRESPONDENTS

In all principal cislas of the World. Pirsiga vrchnags and banking Matzias 'of erary description kenavaciado.

Bate Depili Boton (varioca Žass) së a yourly conia tron ja to Ho..

LOOK POONG SHAN,

Chief Manager, Hong Kong, 8th April, 1930.

The Balance Sheet. From the balance-sheet and pro- fit and loss account statement you will notice that in most cases the figures are slightly better than last year. Current accounts have fal- len by about a 'million, and ́s half sterling, but fixed deposits exceed last year's figures by nearly two millions and a half. This follows the trend of present-day movements in most banks' returns.

Cuttle Fisk Dab

Dace... Dog Fish

Fresh Water

YeHow

what' extent firmness tempered by Pomfret, White

I am glad to say that the results justify our paying the aume dividend and bonus as in previous years, and we are able to place £60,000 to Con-Kong dollar, which has been almost Halibut tingencies Account, with a carry reduced to the parity of silver, has Labrus forward in excess of last year. I fallen from 2s. to 18. 64.

Loneh truat this may be considered satis- Politically India-or, we should Lobstars factory, seeing the difficulties under say, a section of the 300 million In-Mackerel which Exchange banking is now habitants of India-Is at the pre-Monk Fish conducted in the East. There is sent moment in a curiously unrest-Mollet the same extremely keen competi❘ ful condition requiring most care-Dystars tion with rather less business and ful handling and judicious treat-Parrot Fizb

It mord competitors. seems im- ment. I venture to say that only Perch possible to obtain a working agree those on the spot can really Judge Pike... ment owing to the number of banks of the prevalling conditions and to Pinice concerned and the diversity of Interests. It is therefore not, sur- the utmost consideration and good Pomfret, Black prising that exchange operations will is required. It is only right Prawan result in profits which are com- that we should, as suggested by Sir Ray

Business John 'Hewett and Sir Claude Hill, Rock Fish paratively insignificant. both for the merchant and the bank- | trust the man on the spot; in other. Reach er has also been difficult owing to words, back up the Viceroy (Lord Salmon the extraordinary decline in prices Irwin) with all the moral support Shark of all commodities forming the we can give. Lord Irwin, as Vice-Skate staple exports from Eastern ports.roy and Governor-Genoral has the Shximps As a result the sterling value of bills difficult task requiring great tact, Snapper offering in those markets is con- | great forbearance and Subscribed Capital; ...$25,000,000.00 | aldorably below the normal, and in courage. He commands Paid-Up Capital ...$24,710,200.00 | some cases funds which had been Reserve Funds

$ 8,820,509.82| laid down for the financing of the

Trade in India. export trade have not been fully re-

As regards trade in India, there quired.

It is only natural that has been a comparative absence of with prices constantly on the down activity in nearly every class of ex- grade dealers in commodities are ports, mainly owing to the restricted careful to avoid laying down stocks, demand in Western markets. whether it be in the East or in the Wheat exports from Karachi, which Owing to our numerous branches in Western markets. The converse to in the past few years averaged 300,

THE BANK OF CHINA.

行銀國中

Reorganised October 28, 1923, under

IN NEW YORK: J: P. Morgan & special charter of The National Gov- Co.; French American Banking Cor-ernment as AD poration; Guaranty Trust 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 to let.

A. LECOT,

INTERNATIONAL EXCHANGE

BANK

HEAD OFFICE: SHANGHAI,

HONG KONG. BRANCH:

Manager.

Hong Kong, 1st May, 1929.

4. Queen's Road Central.

LIMITED.

Established 1880.

sympathy and our respect,

great Soles

our Tench

Turbot

· THE YOKOHAMA SPECIE BANK, China and large connections in the this is also true, namely, that pro-000 tons and in some cases consider

important commercial centres of the

尾肚水

白筋

****

鄉

魚魚j魚魚‘虚沙鳘魚樣錢斑魚白甲花魚蝦魚魚魚燈魚芒魚館館蝦鯊魚鮪魚 *KÕRISUHE ENESKELIGIEUKSKERRIBEROSHARKHERE 公斑.

Turtles, small, fr. water

AESER

CURRENCY.

Evidence by Hon. Mr. J. J. Paterson,

MK. K. M. DYER'S VIEWS.

lb.

20 18

▸

55 5 ធ×៧

និង

ព

ន ដ | ១ | ២

Beach 13 10 10

·金山轉線 each 10

Vegetables, &c.

Artichokes

Beans, Sprout

Long

Beet Rost

Bitter Squash-

Brinjals, Green

Red

(Medium) A

12 D

18 17

27.

Carrots Celery, Chinese

ཟ རྨ མཱ' གཽ ཎཱ ཏྲཱ ཟ ༀ ྐ ➢ རཱ རྨ རྐ སྐ འོ ་

RDAS NAMBERXDARKNESÄNASANSESN.IX⠀⠀⠀⠀⠀⠀⠀⠀⠀ * 8

២ ដង ២៩. គ

ន

និង នង អ៊

cách 10

ཋ༅།

ཤྩ སྙ ་* སྐ ཋ ཧྨ =ཀླ། } ། ཋསྟ༸སྐ||

8 24.

cach

1188 | 8 | 9 | AD**

a 10

25 5

F lb.

***

##T

紅菜椒

奇花椒

: 8

Cabbage, Chinese .......... 3

(Sharka} + Đ Cane Shoots, bunch .... 97

Cauliflower (Large) ·· *#47

(Small). E

Chillies, Dried ...........

Red....

Green

Curry Staff, English,

Cucumbers ............. Garlic

Ginger, Young

Old

Horseradish, Shangkai

Indian Cora

Water Chartnuts....

RAM*

Mandarin、桂林馬蹄

Lattrice

嫩生

Onions, Bombay 洋葱頭

生

20 10 10

14 8 12

14 * 7

12 10

30 8

Mushrooms, Fresh

鲜草渡

Okroes

10 8

Green

ម

26 29

Shanghai

上海意頭

ទូ

Parsley

Potato, Sweet

American }

金山薯仔

Pumpkin

Radish

紅海行

Rhubarb (Fresh)

Shallots

Tares ...

Turnips, Panti (Long)

Vegetable MarrOW

Water Cress .....

Water Lily Rock

· 15

ង

ន ឌឌ១ននន ននននន

J 82 18 ,,1.10.

១៩៥ ន១

ជា

គន្តន≠គ ន ន ន ន ត ឌ ដ |

Spinach

Tomatoes

Japanese BARIT

UNCLAIMED TELEGRAMS..

THE GREAT. NORTHEUN TELEGRAPH CO. LTD, OF, DENMARK

paki locally it was harmful as being against the interest of firms with head offices in Hong Kong to which rémittances were made from Shang.. bai. Mr. Paterson sald that he thought the premium assisted In regard to imports for local con- The following unclaimed tele- sumption and adversely affected gram is lying at the office of the

world, ws are able to attend to our ducers of Eastern commodities ably exceeded that figure, last year clients special facilities for domestic securing less for their crops are reached only 16,000 tons, while and foreign banking and exchange. unable to buy the normal quantity 120,000 tons were Imported. This Capital (fully paid-up) Yen 100,000,000 and other Public Funds of the Chide the purchasing power of the millions some districts and to the fact that the Hon. Mr. J. J. Paterson, of mium might affect transit cargo

We also handle the issue of Bonds of foreign goods. In other words was partly due to failure of crops inmittee was held on April 24 when sent there were few.

Reserve Fund

..Yen 111,500,000

Head OfficeYOKOHAMA,

Aberandrin

Bateria:

Branches and Agencies `at:

Nogoya Newchwang New York Onaka. Peking Hangeon Rio de Janeiro Saigon

Bombay -Buanas AfrOS

(Temporarily slosed). Calcutta

Caston

Changchun

Dairm (Daly) Ban Francisco Fangtien (Mukden), Seattle WAWAR

Hamburg

Hankow

Harbin

HOSE KADS Kanofula

KAYO

Karichl

Lobe

London

-Log" Angsida: Lerona

NAPTELE

Semarang Shangha Shimonosod Singapore

Bourabaya

Sydney

Tientsin

Tokra

Tringtau Vladivostock

(Temporarily

Current As

Interext allowed by Dir

Deposits, received for fixed periode

› rates to be obtained on application.

MOE

Cao Government both at home and abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1900.

KASHMIR SILK STORE

A meeting of the Currency Com-exports of which however at pre Great Northern Telegraph Com

The pre-pany (Limited) of Denmark:

Gold, American Consul, from of consumers in the East of Man-a good deal more whoat is consumed Messrs. Jardine, Matheson and insofar as it raised handling. Chicago, Ill Manager. High goods is correspondingly re available for export

chester goods or manufactured Bri- in the country, and is therefore not Company, Limited, and Mr. R. M. charges. He could assign no cause

-E. V. JESSEN, But the low Dyer of the Hong Kong and Wham for the premium..

Superintendent. duced.

price in Western markets has un por Dock Company, Limited, "at-

A. Gold Standard?

Hong Kong, April 24, 1930, Fall in Commodity Prices

Mr. Dyer thought the pré doubtedly helped to restrict export. tended to give evidence. As regards the fall in prices of Catton experte, on the other hand, Mr. Paterson thought that a sent currency based on à elle THE EASTERN EXTENSION commodities, I may mention a few from Karachi increased appreciably, silver currency was the most ad ver dollar which fluctuated in

AUSTRALASIA & CHINA instances dating from January and a million bales (being an vantageous for the trade of the value disadvantageous to his TELEGRAPH CO, LTD.. 1929, up to the present. Cotton excess of 200,000 bales, over last Colony, as Hong Kong being a tran particular business because stari- shows a drợp of 24 p.c. Just 20 year) were shipped to the United sit and not a producing centre must ing prices for contracts kopt The following unclaimed tele- Kingdom and Continent follow China in this respect. It varying. The present low dollar, grams are lying at the Z. E Incidentally, any here mention was not desirable to stabilise arti however, assisted local shipbuild-Telegraph Co. office, Hong Kong:-- that in view of the diminution of ficially the sterling value of the era in completing with other Erdmann, from Weltevreden. business in the Port of Karachi silver dollar. If Hong Kong adopt ports. A remedy for the present Kahman, Repulse Bay, from and to the fact that this port is con-ed a gold basis whilst China re unsatisfactory situation would be Hamburg. sklerably lover banked, it has been mained on a silver basis--and he the adoption of a gold standard Charity, from Manila. decided. That "the business of the P could see no Immediato prospect of provided China also adopted it at

S. LACK, and * O Banking - Corporation, in any change to a gold basis in China the same time. The premium

Superintendent. which this bank has a controlling business would be driven to leading as it did to a dual cur- Hong Kong, April 24, 1980,

China.

The interests of sterling ency was detrimental and the yees must be subsidiary remedy in his opinion was for The unsatisfactory ca- Government to Issue notes In of the present currency twat place of the banka. He favoured and the remedy for stability at about 1/9d. if this on the

Frost could be done without great loss In the Colony by redactor the rats to Gove of interest Though the

EXCLUSIVE STOCKS

SILE

and

SILK GOODS

Opposite Queen')

THE INDUSTRIAL & COMMERCIAL BANK LIMITED,

HEAD OFFICE:

12-14, Queen's Road, Central, Hon Kong.

Shanghai

CORRI

In all princip

Exchange bui

interest, be transla

mises,

www.

the

ing in the Colony as a low rate. because the cost of labour exceed- ed that of material.

Mr. Dyer agreed The meeting recorded its thanks: rate of exchange, was to the Hon. Mr. Paterson and Mr.

1930-04-29 — Page 2

Comments

Private Research Note