1930-06-03 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Automaat Maaited 280,006,0LA bowel sod Fully Pald- $90,000,000 Monza Funda jan

K

#8,600,000 90,1500,000

Superre Jability of Proprisions. $30,108,506

HEAD OFFICH, HONG KONG

1

BOARD OF DIRECTORS 1–

1. A. Plummer. Esq.

Chairman.

Ston. Mr. B. 01. 19. Mackia.

Deputy Chairman.

W. h. Itull, Kurz.

A. 1. Campton, Kwq.

B. Lanier Lewis, Baj

0. Miskin, Boj.

BANGKOK

MAZATEA

BOMBAY

CALCUTTA

OLITON

ERSPOO

DOLOMBO DAMEN #OOCHOW KAIPHONG

MANEURO

Hoa, Mr. J. J. Pałozwosti,

T. B. Pearos, Mog.

T. H. H. 1ăn #, Kaj

J. P. Warren, Esq.

Acting Chirl Manager, Y. M. Urnybara, Komy.

BRANCHEN:

LONDON LYONG

KALACA

MANILA

MUAR (Johora'

BUKDEN

NAUASAKY

NEW YORK

PRIPING

PENAND

RANGOON BAILUN

BAN FRANOIMOU

BUANGHAI

WASKOW

RADIN

MONGIK

SINGAPORE

ILOILO

KOUSADATA

Trou

JOHORE

LUNGZI PATANÍ. TIENTSIN

BOT

TOKIC

BOWLOON

QUALA LUMPUR

TRINOTAO YOKOHAMA

Dama inaunte opened in Loosi Currsary sad Pad Depowe received for ons TANT, ST skwela perinda in Local Currency and Herling » TRIGh #lil de quoted an app/leatica. Hong Kong, 1st April, 12.

HONG KONG SAVINGS BANK.

The Business of the shore Back is duos

ed by the IDNO KONG AND BUAZUHAL WARẾTHO CORPORATION.

gined on application,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON: Paid-up Capital

....£3,000,000. Reserve Fund .... ...£4,000,000 Reserve Liability of Proprie

toru.....

,£3,000,000

Agencies and Branches:

KUALA LUMPUR RUDHING

ALUR STAR

(Malay States)

AMRITSAR

ВАНОЧОК BATAVIA BUNDAY CALCUTTA JANTON

DAWNPORB CEBU

COLOMBO

DEIBEN (Deng

Bouth Marâuria) DELOI

HAIPEIONG

JANSURO

LANKOW

HARUIN

HÙNG KONG

ILOILE

IPOH

Manchuring

KARACEL

KLANG

KOBS

KUALA KANOMAS

Para (7.14.8)

MADRAS

MANILA

KEDAK

NEW YORK

PERING

PENING PESHAWAR RANGOON

EXIDOS

AEMARANG

SKREMBAN

4

BHANGELAT SINGAPORR LOUNA BAYA TAIPING

TAVOT TIENTSIN

TOKYO

TONGKAR

THINOTAD

YOKOHAMA

ZAMBOANGA

(Philippine Islande

General

Foreign Exchange and Banking business transacted.

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

A. H. FERGUSON,

Hong Kong, St. January, 1929.

Manager.

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

CAPITAL

Authorised

Issued

Paid-up

Reserve

Liabilities

of Shareholdera Surplus

THE CHINA MAIL.

STEEL PRODUCTION.

COMMERCE

In March Highest for Year to Date.

AND

FINANCE

their relation to industry and trade.

TUESDAY, JUNE 3, 1930.

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Prime Guit

It is relevant to inquire whether Beef Sirloin the continued curtailment of floating debt is likely to promote or hinder trade recovery. The question arises because with special force

polley

have Wo

men- BELOW HIGH LEVEL OF 1929. the

tloned exacta

a, price for ita form the assumed benefits. In

+

Ont-Production of Ditawa. steel in Canada during March was the highest for any month of the year to date. The output of steel ingots and direct steel cast- ings aggregated 117,487 tons or over the output of 10 per cent. 106,012 tons in the preceding month. The tonnage was, how ever. 14 per cent. below the pro- duction of 137,155 tons in March

of a normally higher interest charge. Only occasionally does floating debt cost more than funded debt.

Are we, then, likely to enjoy material benefits in return for the extra cost of funded debt, or la this additional charge only a relatively small part of the price to be paid tor the pursuit of a supposed purist policy? Are trade and Industry

Banks and B

Holdings,

Corned

"

Boast

Breast

**

Soop.

1

Steak

Steak Sirion

is Sausages

帶

Bullock's Brains ..... ♣ Tongue, fresh

n

1

耙

Tongue, corned R Head

Heart TAN

Hump, Balt

Ib.

བྷ་ F་ཕ ྂ ུཔྟཱཿ;;

May 29, Juno, June,

1980. 1918, 1914,

Cupone, Small Capont, Large

Poultry.

Eggs, Hon (cooking)..

Geese

Pigeons, Canton

Holhow

Turkeys, Cock Turkeys, Hen

Quail ... Partridges

新鮮

88 SKABE #EK1AB23

ESRBHADAEZIKKAZJE

May 29. June, June,

1930. 1918. 1914.

Cia. Ota, Clu

Ib. 08

58

"

וי

0+ 28

45

bach 40

per dos 10

b.

55 68

56

46

each 40

Ib.

30

75 60

tach pair

28

each 82

·

Cts. Cls. Cu.

30

24 12

Chicken

30 28

11

-

23

12

30 24 22

Duck

27 20

18

Doves

24

20

18

30 24

22

Egga, Hon (fresh)

.44

30

95

Fowls, Canton

36

20 20

Fowls, Hainan

per set 15

10 12

each 65

60

60

.. $1.40

-$1.20

24

14

30 20

18

N

Fook

each 12

12

Sntpe Pheasant

M

Kidneye....

16

10 12

Tail

J

26 20

22

Liver

b. 24 18 14

14

Tripe

10

?

Calven' Head & Fort Mutton Chop

仔頭 *met $1.20 $1.00 $1,00

排骨

.30

Leg

30

Shoulder Saddle

30

24

M

鞍肉

28

28

27

Per wet .8

18

Carambola.id

lb.

18

15

Coconuta

"

28 15 18

18

Lemons, Chica

each 15

10

Lemons (American)

nhit cách 12

14

11

Lichoes, Dried ....

##

16.

30

1b,

42

24

Orarges (Canton) ...

35

23

新會甜檫

25

F

86

Oranges

#

++

40

80

20

Pears (Canton)

»

M

25

21

Peanuts

per set 80

70

each 10

7

Persimmons, Larga

紅:

#

H

15

10

Plantain

大

短

40

25

11

Pamelo, Slam....................

運綠

each 25

ID.

25

25

22

30 20

18

28

26

Grapes

30

20

28

"

82

It may be well to dispose at the outset of one theory as to the man- ner in which trade and industry may | Pig's Chitlings benefit from a reduction in floating debt. One quite specific statement is sometimes heard to the effect that if fewer Treasury bills were in issue the banks would be able to lend more to industry and trade under. the heading of advances.

Brains

M

Feet

Fry

Head

H

H

Heart,

Kidneys

H

Liver

Pork Chop

of last year according to the re-ikely to benefit or to suffer from a port of the Dominion Bureau of drastic reduction of steadily con- Statistics. The cumulative protinued curtailment of the floating duction for the first three months debt? of 1930 was 339,200 tons, a de. eline of 9 per cent. in compari- son with the 370,863 tons report ed for the first quarter of 1929. which was the best first quarter tonnage reported since 1918 and Straits $20,000,000 exceeded by 23 per cent, the total 8,000,000 of '301.373 tons made during the 4,000,000

first three months of 1928.

The production of pig iron also 4,000,000 2,525,000 increased over February but fell below the total produced in March The Bureau re- porte the March, 1930, output of coke pig iron as 72,532 tons, a slight ineroage over the 70 600 tons produced in the preceding month but 16 per cent. under the 86.176 tons reported for March. 1920. Cumulative production for the three months ending March

them up. In consequence discount Sucking Pigs, to order rates fall and the margin between Sust, Beef at 230,261 tons was 14 per cent.

nder the total of 267,879 tonz re-open market rates and bank rate! ported for the corresponding widens. period of last year, which in turn was 29 per conf. over the 208.087 tons produced during the first quarter of 1928.

HEAD OFFICE:-SINGAPORE. Branches, Agencies and Correspon- of a year ago. Bakes may b

dents in the principal cities of the world.

FOR THE HONG KONG ▲ BIANGHAI MARKING CORPORATION.

V. DI CIRCA VBUNN,

Acting ef ausget. ›

Hong Kong, 17th March, 1950.

4

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(BERLANDI TRADING BOC(ETT) BANTIRA,

Kablished 15. Hong Kong Güne¡—11. Quest's Blood Ceostal

Capital

Özildare Lt.906,000- ($11,500,000.) Claw #000,000.

Pin-Up (glial *

Barva Yand -

(2,866,DOT,) Guilders wo0,000- (23,600,000.)

Head Ofoe}A MB) ERDAN'). Easter Road Uitlow-thaYAVIA. BRANCHES (----Bandjarmasin Bendang Bombay,

Every description of Banking, and Exchange business transacted.

TAN ENG HOOL,

Manager. Hong Kong, 15th May, 1930.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE-Talpeh, Formosa. Incorporated by Special Imperial

Charter, 1899.`

1

The daily rate of steel produc- Bash-Norse Lacundaria Kine (s. 18.000,00tion for the 31-day month of

| PORMOJA 1--Čilea,

Emaluny

Central Bank in Formos.

BRANCHES AND AGENCIES: JAPAN-Tokyo, Yokohama, Eobe, Baska.

Kagi, Haruniềm Mabong, Nauta," dhimalik, Taichu, Talaan, Тайно, Таганці, Тока, Ново Тліка CHINA Haangkal, BankOW, Amy, Fooohon,

walow, Canics. OTHERS-Hong Kong. Bingspor, doeŕabaya,

Bernard Dolara Bombay

Cutie London, New York, Dalyyn,

LONDON HANKEES: Bibolas The London County Weekminater and Fart's Bank

The Bank has Correspondents in all the cipal Comorial Centres ihroughout the world,

LNAGURA,

Manager.

1

Calcutta, Cheribou, Chamber, Diali {akaria') The Lagon"), Juddah, Kobe, Love-Hadju, Mahumeur, Medan, Padang

Pakalongan, bag.

Fran Poukazak, Bagoa, Botterdam), Bacana).

Just Singaporn, Romeabala, kouskersa (Bolo), Tresk. Tillesjap | and Walserrados.")

7 These allow hare mie depoelt bozze to lat Londen Banker --Nations Provtaokai Bank Ltd.

Correspondents all over the world

Banking businese of STATY tatorĺption transarted.

A

HONG KONG BRANCH:

2 VODs Bond Central Hong Kong, 19th Janowy, 1920.

Act. Magar.

Hong Kong. 16t~April, 100

A. STOKKINK,

BANQUE DE L'INDO - CHINE. HEAD OFFICE:.

96, Boulevard Haussman, Paris. Subscribed Capital .Fra. 72,000,000.00 Paid-Up Capital...Fr. 68,400,000,00 Reserve Funds ....Fra.102,000,000.00

BRANCHES:

Bangkok Hong Kong Onzhon Battambang Hue

Cantbo

Canton

Djibouti

Saigon

Mengtze Shanghai Nam Dinh Singapore Neumen

Fort-Bayard Papeuta

Haiphong

Hankow zenci

Thanhes Tientsin . Puking Tourate

From-Peab Vinh Pondicherry Yanasafa BANKERS:

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

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

Established 1912.

March fell just under the aver age for the 28 days of February. While iron and steel production in Canada during the first quar- fer of 1930 fell 14 and 9 per cent. respectively. below the figures for the same period of 1929, the Bureau's statement shows that in both cases the output

was well above the level in the first quar

of 1928. ter

The daily output figures for March show that when the 31-day month is taken into consideratigh the average of steel

THE BANK OF CANTON, LTD. production fell just below the daily average for the 28 days of February at 3.790 tons, compared with 3.808 tons in the preceding month. Pig iron output at 2341 tona dally in March fell 180 tons below the 2,621 tons in February.

Read Olce:-Hong Kong.

Autorland Capital (H.K Commsay? ...$2),MWANA Paid Up Chediak wiemannavane za 8,165,000 Koore Fand mumaniwa pundures dans (betrate 1,000,000 PBANCIES:-

Canton, Shanghal, Haniow, Bangkok, New York mad dan Franoison.

LONDON BANKERS!...

The Lord's Bank Limited.

CORRESPONDENTS

In til principal aliian n2 the World.

For hangs and banking business of staz donription warned.

Safe Depoal Baxon (various Anna) va a vonely rossal at From 45 to 358.

LOOK PUONG SEAN,

Chief Manager. Hong Kong, 14tth May, 1980.

THE BANK OF CHINA,

# +

FLOATING DEBT. Monetary Control by Bank of England.

The

"

"

Log

Loto

Fat or Lard

Now let us follow the sequence through the money market of a heavy, non-seasonal reduction is Treasury bills. The first effect is a curtailment pro tanto of the total volume of bills coming forward for Sheep's Head & Feet - discount. On the other hand, no corresponding reduction takes place in the funds available for taking

N

Heart

Kidneys Liver

Matton

Veal

Sausages

No. 1.

Fish.

je

由由胱出悱桅船盛開心脚裹居所肚脚骨牌手肉股瑞群心肝財脚心肝油肉料

*****SEKESESÉBES**4TRA&++

One result of this decline is a tendency for foreign-owned sterling funds to be disposed of in exchange for funds in other centres where higher rates are to be earned. In Barbel addition, London is resorted to for Bream larger amounts of accommodation; Canton Fresh Water WizK more bank bills come to London.for discount. It might perhaps, be sup Carp posed that this secondary trend of Catsk bills towards London would offset Codfish the shrinkage in Treasury bills and | Crabs the fall in discount rates. To an Cuttle Fist extent this is doubtless true, but Dab bank and trade bills form the small- Dace er proportion of the total bills Dog Fish afloat so that full compensatory

Eels, Conger action against a heavy fall in, Tres- sury bills would be unlikely.

Clearly, then, on the one hand foreigners tend to liquidate their loans to Britain in the shape of sterling bank deposits, while on the other hand, foreigners endeavour to borrow more from Britain by dis- counting bills. In this way bevere pressure is placed on sterling ex- change from both sides.

We have seen that the first result

Fresh Water

Tellow

Frogs Garoupa Gudgeon Herrings Halibut Labrus Loach Lobsters Mackerel

of the reduction in Treasury bills Monk Fish

Mallet is to lower the open market discount rate and to render bank rate in- Oyster

Perrot Fieb effective. This is a condition which

Perch

Plaice

Ray

the bank shortly seeks to remedy., Pika the in the time-honoured, manner, by monthly review of Midland Bank, contains an article restricting credit Sometimes the Pomfret, White dealing with the reduction in float-policy succeeds, that is to say, a Pomfret. Black ing debt, in which it is stated that comparatively small reduction in the

Prawns, for many years past-Indeed, pro-available funds may counter-balance bably ever since Government finance the shrinkage in the supply of bills. Rock Fish became a subject for careful con-

If the shrinkage is severe, then Roach sideration and intellectual dispute credit restriction, on a scale which almon the impression has prevailed that the the bank considers practicable, can- Shark. Reorganised October 26, 1928, under portion of the national debt consist not achieve the desired result. IN NEW YORK: J. P. Morgan & special charter of The National Gaving of short-term obligations should Money rates remain obstinately well shrimps be kept down to as low a figure as below bank rate, and bank rate, is Snapper Co.; Franch American Banking Cor-ernment as an poration; Guaranty Trust Co. of New INTERNATIONAL EXCHANGE

reduced to conform to the cheaper Goles possible. York.

In the years immediately follow money conditions. This is precisely Tench Interest allowed on Current Ae Subscribed Capital....$25,000,000.00ing the war the floating debt was what has been happening, in the Turbot

...$24,710,200.00) drastically, reduced, proceeds the past few months. ounts and Fixed Deposits according Paid-Up Capital to_arrangementa. -

..$3,820,503.82 article, but the trend in later years The rejoicings which so regularly has also been steadily downward, so accompany cheaper money are in

do Parla: Credit Lyonnais.

Every description of Banking and 'Exchange Business transacted.

'Safe Deposit Boxes to let

A. LECOT,

Manager.

Hong Kong, 18 May, 1929.

·Katablished· · 1880.

Reserve Fund.

Capital (fully paid-up) Yen 100,000,000 Yen 111,500,000

·Band Ofless—YOKOHAMA,

Branchen sind Agencies at: Alexandria Batavia

UNAKOJA.

Newchwang

BANK

Reserve Funds

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central,

Sicata

Titles, small, fr. water

尾肚 水 # #9-88a a 121838sanzzdradan<z»CR***<<50.

ZOŚRESUKA KE*SZEPUSZCZ2QUISSZPE08280SEDELHORN *#

班

魚魚魚魚脚

官狗

ג

TIENESEN.SPSINSSEBEGI (12229.686886 88EE

Almonds

Anples (California)

Bananas (bride's)

45

30

Fruits.

*

金山翔

11

燕山香然

J

*

J

each 12

#

#7

lb. 15

Walnats......am & # lb.

Vegetables, &c.

Artichokes

Bean Sprout

#

-lb. 36 16

24

"

·34

20

16

32

33 13

15

27

*

Long

04 16

34 12

14 17

30 23

34 18

14 ༡༣

Beet Root

Hitter Squash

Brinjals, Green

Red

Cabbage, Chinese ....

(Shanghai)

Cane Shoots, bunch..

Caulifower (Largo)

·(Medium). #BRIE

35

"

21

גו

15

UL Frola

ུ ཾ ༈ །སྐའམྦྷཧྨཀླུ } ཀླསྐྱ | བ གླ ཋ |

12

15

each 12

ib.

17

each

大椰菜花

(Bm31)

椰菜花

16.

斑奥:

***

粒

>> Celory, Chinese

Chilles, Dried

Bed

in

Green

#

Horseradish, Shanghal

粥

竹染,穎瓜瓜瓜來來穿花花花笋菜于椒椒料盛宴 米榮蹄菰 本盘面來事仔仔瓜仔菜類菜城茍菜

W

Curry Stuf, Englisb.. M;

Cucumbers

Garlic

Ginger, Young

Old

Indian Corn

Lettuce

Water Chestants

#

Mushrooms, Fresh Okroes

Ontoan, Bombay

Green

Shanghai

Paraley ... Potato, Sweet

Mandarin.

24

28

10

B4

18

38

10

74

26

ha 92

36

40

$5

22

35

13

34

18

10

00 82

54

22

36

32

88

20

36

13.

40 12

34 14

Fr

90

20

36 16

11

44 20

上海越

44

30

声

38

36

15

08 10

14

M

Japanese

24

'10

ร American

立山刷

20

13

18

Pumpkin

35

22

}

Radish

紅隔商

46

80

Phubarb (Fresh)

22

8

Shallots

22 10

Spinach

48

32

38

28

38

22

34 26

36 18

*95 40

| ន B6 ន ៩៩៩៩៩៩៩ ៩៩ B ជា ២ to ba៩ ៩៧៩ ឌឌ៩w | fo

Tomatoes

Tarca..

Turnips, Punti (Long)

Vegetable Marrow

Water Crom

Water Lily Eo ....

· BOOK - KEEPING IN FRENCH.

that the outstanding amount is now these circumstances sadly mis- It is not unreasonable, perhaps, to at a lower level than at any time timed, for along with falling money suggest that. If basic conditions since 1916. Whatever the merits of rates has gone, not abundance of this polley of curtailment may be on credit, but actual credit restriction, make it difficult to malatalo full omic domestic requirements, then Owing to our numerous branches in general grounds, clearly its advis- We have, then, paradoxically supplies of credit to meet all econ-

the ability in given circumstances is a enough, the strange combination of rothing should be allowed to in- CHINESE MERCHANTS – IN China and large connections THE YOKOHAMA SPECIE BANK, important commercial centres of the matter of degree.

cheap money and restricted credit crease the atrength of these under-

ANNAM: LIMITED.

world, ws are able to extend to our A course which may have been supplies that is to say, low charges lying influences unless overwhelm- clionts special facilities for domestle eminently desirable when the float for the use of money in the money lag extraneous argumenta exist in

Nanking, Mary 19. and foreign banking and exchanging debt stood at $1,000 millions and market, but actual scarcity of ac- Its favour. Are there any such The Ministry of Foreign Affairs

We also handle the issue of and other Public Funds of the China policy of monetary deflation was commodation for industry and arguments for insisting upon a con- to-day lodged another protest with ese Government both at home and considered necessary may not be trade.

tinued reduction of Treasury bills, the French Minister against the abroad.

suitable to a time when the total

The Final Result....

"-" in spite of its effects on the action of the French authorities in "SHOU J. OHEN,

The final result of drastic reduc stande at £650 millions and deflation Manager.

may very well prove the last straw tion of the floating debt is therefore monetary situation? The answer Indo-China in forcing Chisess Hong Kong, 5th March, 1980.

Or the last but one-on many a much more serious than would ap- appears to be in the negative.merchants there to keep their books

Let us suppose, in conclusion, that in French British business camel's back. It Is pear at first sight. It is true that incontestable arguments could be Shortly after this book-keeping clearly necessary, therefore, to con- cheap money may give some benefit brought forward in favour of con-law was lasted by the French sider the effects in present con- to Industry, but the benefit is rela- tinued reduction of the floating debt. colonial authorities, the Walchiaopu ditions of a continuance of the policy tively small. Industry can bears there, then, no means by which received a petition from the Chinese of funding the Rosting debt its 6 per cent, bank rate far more easily the results we have traced can be residents in Anna, requesting It effects, that in to say, not so much then restricted credit supplies. I avoided? We believe there is. It to take the matter up with the on Government finances, but on adequata credit supplies, indeed, will be recalled that when the cur French Minister. A protest was monetary conditions, particularly, in render it impossible for business rency note issus was fused with the accordingly filed, but so far no reply

activity to be maintained at a high Issue of Bank of England notes, has been received. level. In short continuous reduction total probably of a yout £120 mililons In the course of a speech at of the floating debt lends assuredly of Treasury bill was put into the this morning's Sun Yat-sen me to monetary deflation.

Issue Department of the bank asmorial service of the Walchian At one time, having committed backing for part of the fiduciary | pa, Mr. Wang Chis-tseng, Vice ourselves restoration of the gold

Minister of Foreign Affairs, said standard,

The suggestion arising from these that the new Bino-French Com facts is obvious, would it not be marelal Treaty regulating the possible and advisable, when it is frontier trade between China and open market rates Indo-China would be released as bank-rate, to soon as the authorities of the two rket some of the bills countries had agreed upon a date of

Brownon, Ayre

mporarily.

New York

Peking

Rangoon "Blo”da Janafró

Deposita

rates to

Hong Các, 100

Francisco

Periods

1930

KASHMIR SILK STORE

EXCLUSIVE STOCKS

SILK

SILK GOODS

Posits, Queer

THE INDUSTRIAL & COMMERCIAL BANK LIMITED:

-Quben's Road, Central

General Manager.

Jon for

might

imed:

tain's someti

Is nothing short of disast

between

Britain

Kuo Wen.

due to a shortage of Ares

1

Balaelao! *-.SARE ¤ ¤ ¤ ¤ ¤ ã ¤ ! | | 8 6 8 5 6 - - ∞

22

88868 18682119 || ||

888888

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24"

24

5

&

12

10

30

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6

10

6

25

5

10 10

8

12

B

2

G

8

7

10

B

45

1

12

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8

8

00

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10

B

10

15

UNCLAIMED TELEGRAMS.

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

The following unclaimed tele- grams arelying at the E. Telegraph Co. office, Hong Kong:-

Prosperity, from Bombay. Aristotle, from London. Cocksure, from Bruxelles.

S. LACK

Superintendent.

Hong Kong, May 29, 1930.

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

The following unclaimed tele-

grams are lying at the office of the Great Northern Telegraph Com pany (Limited) of Denmark:-

Arthur Brearley, Peninsula, from Tientsin

Yee, from Seattle Wan Knee High, from San Francisco. Swanvitad, from Kamakura Maru Osazaki Radio

Swenyllad, from Mojla China, from Amoy,

Suber

[ent

Hong Kong, May 28, 1