Reserve Fund
tora
.£3,000,000
..24,000,000
..£3,000,000
PARIS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Lutkarived. Capflal acmaameenemen. 882,000,36 bound and Pulls Paldap namunas: 138,000,661 Konsere Fund –
........+3,2295,000
Rosaren Linhūity of Proprietors - $98,800,000
KHAD OFFIN: HONG KONG
BOARD OF DIRECTORS—
J. A. Plummet, Est.
Chalcao.
Hua. Mr. 0.6.8. Mackle.
Depois-Chalma,
8. Lander Iswin, Fa
G. Mlakin, Esq.
BANGKOK
Ian. Kr. J. J. Paternon,
T. E. Pearce, Bay.
J. P. Warren, Kay-
Kelly Ciklet Manager,
V. M. Craytm, Keg,
DRANCHES :---
LONDON
LTONB
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1953. HEAD OFFICE: LONDON, Paid-up Capital
Reserve Liability of Proprio.
Agencies and Branches:
ALOB STAR
DANGZOK
BATAVIA BOXOLY
UALOUTTA CANTON CAWNPORE VEBU COLOMBO
DAINEN (Dalay
Boush Manchuria)
DELUI
KUALA LUMPUR
m. H. Balt, Kaq
A. II. Campton, Ave
+
ΓΑΜΟΣ
BATAVIA
BOMBAY
CALCUTTA
CANTON
SERPOO
GULAMBO
MADIČÍN #DOCHOW
T. 1. R. Shaw, Kaj,
MALACCA
MANILA
MUAR (Jahere)
MUKDEN
NAQABAXI
NEW YORK
FESTING
PENAND
BANGOON
HALOON
BAN FRANCISCU
БПАКОНА
RAIZHOKO
HAMBURG
KANKOW
MARIN
RONGKAW
BINGAPORE
KLOILO
RUUNADAYA
LFOK
JOHORN
BUNGEI PATANI TIENTSIN
TOKYO
K931
KOWLOON
KUALA LUMPUH
TSINGTAO
YOKOHAMA
·Deurvan hou nie opened in Loomi Ourreany alized Deposila žensired for one 3 DE 'casesar perioda in Local Currency and we
a berma wilok will be quoted in appilosion. Bong Kong, 14 April, 1236.
HONG KONG SAVINGS BANK.
The Bustams of the above Bank is conduct.
by the ONG RUNG AND BHANGHAI SAHLING COMPORATION,
chained on applpailua,
But may be
FOR THE HONG KONG & HRANGHAI BANKING CORPOLATION.
VAL DRAYBURN,
Acting Chief Managem
Hong Kong, Vitir M1 selo, 194
NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.
(MELERLANDS TRADING BOMLETI)
DANTERA.
―
Established 1834.
Tom Kong Utosi- Queen's Boad Central
Agshorised Onyisa? ... Ouilders 160.000,00U- (£12,500,000.) Padėlip Gapital ..........Qulama, 80 000,000- (28,058.867.) Bore Fund Ouilders, 40,000,000-
and Oc:-{AMSTERDAM"). Estar Head One:-BATAVIA.
KUCHING
MADRAS
MANILA
MEDAN
AMBITUAR
(Katy Statem
NEW YORK
PEKING
PENANO
11AIPHONG
HAMBURG
HANKAW
HABBIN
(N. Manoburla}
HỒNG KONG
ILOLLA
IPUL
KABLOG
RODZ
KLA NO
KUALA KANGSAR
Parak (P.M.S.)
PENAWAR RANGGON
SENARAND
THE
CHINA
MAIL.
DANGEROUS RIVAL OF LONDON.
COMMERCE
AND
FINANCE-
The
HONG KONG
TUESDAY, JUNE 24, 1930.
KONG MARKET
MARKET PRODUCE.
APPROXIMATE RETAIL PRICES.
Butcher Meat.
Sirloin ......
Prima Cut
Corned
32
J
Roast
Breast
*
»
Soup
#
Stoak ....**
AS A WORLD transactions in small quantities of
shares. Nevertheless endeavours Beer must be made to give every pos- MONEY CENTRE.
sible guarantee for smail savings.
There is also the question of bills. stockbrokers' syndie admits that there is an excessive difference between the net rate of the money and the rate at which the bill is bought, between the rate applied to the hill and that applied to the buyer. This is due to brokerage and the tax added to the rate of interest. This is a sacrifice to be obtained both from the Treasury and middlemen.
HALOON
BEBEMBAN
BHANGHAI
BINGAPORE
BOURADAYA
TAIPINO
(P.1.8)
TAVOT
TIENTSIA
TOEYO
A SAVING PEOPLE.
TONGIAH (Bbrakon,
TUINSTAG
YOKOHAMA
ZAMBOANGA
The Parla marke:
is far from
(Philippine Islands)
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, 8t. Jantary, 1929.
THE HO HONG BANK, LTD. (Established 1917.)
The crowds of people frequenting the Stock Exchange merely from ile curiosity should also be re- strained.
Foreign Exchange and General having won back its pre-War range. Banking business transacted.
As a matter of fact, the volume of its business is much less. Mover over, the Isolated position in which it found itself at the time of the
Finally this la suggested by the French franc depreciation of the
Bank of France-the activity of inflicted an injury from which it the large French credit establish- has not yet recovered. The Paris ments should not only be extend- market is no longer an international ed, but also directed to greater centre of the first rank as it was specialisation. It seems essential before the year 1914. It now to provide the Paris Exchange with occupies a secondary place, accord- acceptance banks, banks for deposit ing to M. Georges Bonnet, former and short term loans, and especial-
· Straits $20,000,000 French Budget Minister, writingly the last-mentioned so as to avoid
8,000,000 to the Financial Times.
fluctuations given to the quotations 4,000,000
Nevertheless, the various causes Liabilities
when money becomes suddenly dear. 4,000,000 which made Paris one of the greatest
Poris Versus New York. 2,520,000 money markets of the world are yet
Such are the reforms-of a fiscal all in existence.
and banking category-proposed to restore the Paris Exchange to its proper rank.
Authorised Issued
Pald-up Reserve
CAPITAL.
of Shareholders Surplus
.
HEAD OFFICE:-SINGAPORE. Branches, Agencies and Correspon- dents in the principal. cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Manager. Hong Kong, 16th May, 1930.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by Special Imperial
Charter, 1899.
Central Bank in Formosa.
Wank-Notes jached Average mount, $5,000,000
BIANCULES AND AGENCIES) JAPAN :--Tokyo, Yokohama, Kobe, Geska. FORMOSA R, Kagi, Karinkatung, Etatong, Nasko, behu, slabu, Talam
Takso. Tamui, Toan, laito, Tairo,
4HOME:--Bandjerma Dads HoY. CHINA Huanghal, Hats, Amoy, Fohow,
Caloutta, Cheribou, Dember, Djek jazana') The Hague, Jeddab, Kabe. Kate-Madje, Makasar, Malan, Padung Lalabas. Pekalonso, Penang. Pontianak, Hangoon,, Rotterdam'), Semarang'). Hkunghai,
(Sumaira), Blogspore, Fourabla, Boerakarta (Bolo), Tegal, Thaijap and Walletreden.")
* These siloes have safe deposit hozas do láb, Lohisa Bankset:-National Provinsial Bank Ltd.
Oserspoodante all over the worlák
Basking business of avery dmcription transacred.
AFROKKINK,
Hong Kong, AprÍ, Úkjó
Act. Manager,
BANQUE DE L'INDO.CHINE.
HEAD OFFICE:
96, Boulevard Haussman, Paris,
Subscribed Capital Frs. 72,000,000,00 Paid-Up Capital ...Frs. 68,400,000,00 Beserve Fazda ....Frs.192,000,000.00
Bangkok
Battambang Hus
Cantho
Canton
BRANCHES:
Hong Kong Quinhon
Saigon Mengtze Shanghai Nam Dinh Bingapore
Djibouti Noumea
Haiphong
Thales
Fort-Bayard Papeeta Tientsin Poking Torrane enora-anh Vinh Pondicherry Yunnanfu BANKERS:
Hankow
Hanot
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris at das Pays-Bas; Credit Industriel et Commercial; So- clete Generale.
IN LONDON: The National Fro vincial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Paris; Credit Lyonnais.
Brsion, Canion, OTHERS-Hong Kong
Blogapore, dourabaya, Bembro Dens *Bomber,
Landon, New York, Dairen.
LONDON BANKERN:
Thus France has remained
.
a
What will be the results?
The British journal, The Banker,
Steak Sirlon
» Sausages Bullock's Brains .....
Tongue, fresh .. Tongue, corned
+
H
*
Head
"
Heart
.**
Hump, Salt Foot ...
T
Kidneys
Tall
H
Liver
Tripa
17
Calvos' Head & Feet Mutton Chop
M
Leg
Shoulder
Saddle
Pig's Chitlings
H
Brains
Feet
**
J
Fry
Head
13
Heart
Kidneys Liver
H
Pork Chop
17
Leg
Loin
14
Fat or Lard
ས
in exainining the situation, express Sheep's Head & Feat..
his
ed the opinion that the Paris Ex- change, though
Beart
**
Kidneys
12
And
Liver
"savings" country. Even in the darkest days of the falling franc the Frenchman did not cease to save. For a long time no treasure ed up the gold coins. Since the stabilisation he again puts money in the savings bank. The regrets the gradual disappear ance of the National Defence bonds. which gave him an 'opportunity for extremely convenient short-dated investments:
At the same time, bank ad- ministration has been marvellously improved during the last few years it is perfectly able to drain the local savings and also pick up stray If is also in a position to capital. engage in large transactions with foreign countries as it did before the War,
For this reason the Minister of
The London Cozy Weakminster and Far's Bank. Finance deemed it essential
The Back Compradeste in all the peta (spal Commardal Cantess throughout the world.
K. NAGURA
HONG KONG BIANOM:
- Voeux Boat CentraL Hong Kong, Mih January, 1923,
Karst.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:—Hong Kong.
Autossed Cipla) (15.K. Curraney) ... 11,000,000 Zuit Oy Ospțial, wenzene – 8,005,KA Moparts and
1,056,000
ARANOMAS-
Gaston, Shanghai, Hankow, Bangkok, New York and Buu Francíase,
LONDON BANKEHE 1--
The Lloyd's Bank Limited. CORUKUPONDENTS
In all principai nissen of the World Forilen sinkangs and banking kuatnasa at racy accipios trazeazled.
kufa Deposit Bezse (variona ison) al a poorly evated at from 14 to 148.
LOOK POONG SHAN.
Chief Manager. Hong Kong, 14tth May, 1930.
THE BANK OF CHINA, 行銀國中
Reorganised October 20, 1928, under special charter of The National Gov.
IN NEW YORK; J. P. Morgan &erament as an Co.; French American Banking Gor INTERNATIONAL EXCHANGE poration; Guaranty Trust Co. of New York.
BANK
to
convene the Governor of the Bank (f France, M. Moreau, and the syndic of the stockbrokers. M. Jacob, to discuss with him the plans for reorganisation of the Paris market. "I am not in favour" he said, "of ambitious schemes, but I consider that in the present financial position and the period of justified confidence through which we are passing, our financial market should hold the leading rank in the
markets of the world, For this reforms must be introduced."
Plan of Campaign. What were the results of these official conferences? A vast plan of campaign has been mapped out.
In the first place, from the point of view of the Treasury, certain essential reforms became apparent. Excessive taxation contributed to capital-the the disappearance of source of taxable funds.
Evidently taxes must be done away with which fall twice on the when they belong same securities to two companies." A single in come should not be simultaneously taxed in several companies.
Likewise excessive taxes for transfer on shares to Bearer make themselves felt. When a com pany has paid 12 per cent. on their Subscribed Capital.....$25,000,000.00 commercial profits. the members $24,710,200.00 pay a further 18 per cent, on their Interest allowed on Current Ac-Pald-Up Capital counts and Fixed Deposits according Reserve Funds
reckoning the 3,820,503.82 coupons without to arrangethants.
transfer tax, the amount alone of which often exceeds the value of the coupon to be cashed.
Every description of Banking and, Exchange Business transacted. Gala Deposit Boxes to let
A. LECOT,
Manager.
Hong Kong, 18 May, 1920.
HEAD OFFICE: SHANGHAI,
HONG KONG BRANCH:
4, Queen's Road Central.
possessing less available resources than New York,
June 10, June, June,
1030. 1018. 1014.
Ct. Cts. Ct.
each 85
10
June 10, June, June,
1930. 1918. 1914.
30 31
Ctu. Ct. Cta
1b.
63
*
60
•
30
Poultry.
Capons, Small Capone, Large
Eggs, Han (cooking).... #
新鮮雞蛋
33
each 1822
Der doz, 35
##
Holbow
海口
口味線
BA SKKUR BEKBE882
ཨཛྲན ཏནྟིཾ ཿ།Ëབ།
30
Isa66888578882
30
30
20
24
88838815111!
ន៩៨៩ 1 ខ្លះដាំ { } } }} {
each 46
30
60
each 25
24
pair
each
ib. 92
2JJ 12
Chicken
"
24 11
-
29
12
32 24
22
Deck
28
20 18
Dove
24
#
18
"
32 24
22
Eggs. Hen (fresh)
44
£6
35
Fowls, Canton
20
Fowls, Hainan
per net 15
12
Geeza
60
Pigeons, Canton
$1.40
-$1.20
26
14
Turkeys, Cock Turkeys, Hen
30
18
Sulpo
each 12
12
Pheasant
15
12
25
22
Quail ... Partridgen
26
10
14 7
set $1.20 $1.00 $1.00
Fruits.
38
· ទ
30
Almonds................
16.
36
24
金山郊
30
Per set 8
27
13
Bananas (bride's)
Carambola
燕山館 #
4
J
#
12
lb.
15
Coconuts
10
28 15 18
Lemons, China
26 lb. 12
80
18 20
anch 16 10 10
Lemons (American)
金山檸檬 each 12
8
14
45
3
24
Lichers, Dried
荔枝干 16.
36 25 30
Oranges (Canton)
35
25 29
新會甜機
50
.36
Oranges
搭镄團
42 40 70
Pears (Canton)
梨
21
21
Peanuts
per set 80
花生
12 10 12
60 70
each 10
17
Persimmons. Larre
#
12
13
15. 12
10
Plantain ....
*
5
40
26
26
Pumelo, Siam
each 18
25
RO
20 18
28
26 26
Walnuts Grapes
#Ik m 15
***
70
"
80 20
20
28
92
Vegetables, &c.
RZEISBRUKESOEK
UCHHBCS+RBARIBOKECSBABONES883,
ར འཛྲ ཌནྟིཾ ད ད ལ འཕྲུལ ནཏུར་སྒྲུངྦྲྀ ར་ཀཽཎྜ ཿ ང བ སྠཽ རྞ g་ བ མ ཆ ཆ མི
鞍肉
油
肝
###
牛仔肉
Sausages
4.#19
No. 1.
+
Fish.
Cuttle Fist Dab Dace Dog Fish
Flah
Fresh Water
Yellow
as inflation of credit is common in Sucking Pigs, to order i America, is, none the less, in a Suet. Beef better position to become a world
... Mutton financial centre than New York, Veal which does not progress because American bankers and capitalists are not sufficiently imbued with the international spirit. And The Banker concludes: "Should Paris Barbel succeed in organising her money Bream market with the officacious co
Canton Preah Water 省城淡水 operation of the banks, she will be come a more dangerous rival of
Carp London than New York has hitherto Catfish been."
Codfish, In reality, the two centres, Lon-.
Crabs don and New York, which hitherto have played the part of a grand international market, have worked quité differently, In London the world trade is financed by dis- counting operations, and we have Eels, Conger
1. In to deal with a market of bills. New York the Stock Exchange is
Frogs for responsible
financing. and
Garoupa speculation provides the necessary
Gudgeon available funds for this financing.
In France, to bring the country towards the financing of the world Halibut production, there are, it seems, two Labrus ways-namely, the favouring of Leach long dated important credit trans-Lobsters actions and the initiation of a bill Mackerel
Monk Fish market--an acceptance market.
Can this be attained? Techni-Mullet cully yes-and in this case the Oysters Banker does
not err; the Paris Parrot Fish market would become the chief rival of London. But there is an cbstacle of a psychological kind.
In France the idea still pre- vails that everything done at the Stock Exchange is suspicious and reprehensible, that all the trans- actions are shameless and immoral speculations. This is why the legislator, when tapping new re- sourcea, begins taxing the personal urtate bonds, forgetting that they are in the hands of small. investors, This is why, when the question of reducing taxes, comes
up, the securities corne last.
Herrings
Perch Pike Plaice
Porniret, White
Pomfret, Black Prawns Ray
Rock Fish Reach
Salmon Shark Skate
Shrimps Snapper Soles Tench Turbot
This state of affairs might be Tarties, small, fr, water criticised. It will take a long time for the tide to turn. For this
At last the tax of 4 per cent, on and indisputable means of action, Government loans
no
# #
Raz882 28 142928**88*ZII/79998* | SHE "HERSRS ||
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14
Apples (California)
Artichokes Bean, Sprout
11
笹:
પર
沙花紅大湖。
Brinjals, Green
Red
Cabbage, Chinese....
(Shanghai). Cane Shoots, bunch..
Cauliflower (Larys) .. XUATE
(Small).. BAIE
Celery, Chinese
31
(Medium)
Curry Stuff, English..
10 ench 12
17
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112 111 1
cach
12
lb,
12
Ľ
10
17
24
12
each
+4
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16
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8 12
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16.
AZ
10
10
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36
25 6
57
AL
# #
16 10
10
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鬱花椒
kr
**
10
8
8 2
10 в
#
15
18
10
TH
25 1
46
'8 1
#
10
12
"
40
竹榮或瓜瓜瓜菜菜笋花花花笋來干椒椒料瓜頭直赛,米桑斯特·斯顿菜薯阡阡瓜子柒頭菜面荣
IN
lb.
42
16 28
10
35
20
16
Long
11
Beet Root
3.4
Bitter Squash
*
36
13
16
85
27
36
9
H
40
13.
17
雄
30
23 26
"
34
N
16 27
48
23 10
22
20
30
10
Carrots
36
"
36
10
.8
Chillies, Dried
Red
75
20
자
72
Green
"
25
32
+
30
30
18
Cucumbers
"
35
28
Garlic
36
16
Ginger, Young
old
50
13
50
22
24
Indian Corn
34
#
32 21
Lettuce
*
40
20
25
2
"
36
2
30
Q
Okroes
35
16
8
38
#
40
"
Green
生
4
20
40
*
上海森烦
8
80
Parsley.
38
芹菜
€0
46
62
Potato, Sweet
費薯
4 3
14
Japanese
日本裝
W
22
*
14
American
ઈંટ
#
13 18
金山新
Pamplin
5
86
10
Radira
紅麤商仔
8
60
H
80
Rhubarb (Fresh)
8
22
10
Shallots
22
干辉
"
10
Spinach
B
35
80
12
40
"
28
7
役
40
#
28
8
€
38
85
Vegetable KarrUW ..........
0 4
35
12
"
Water Cross
8 15
» 1.00
8 15
这肚 水 —— 魚魚魚 魚 沙魚 鷄班魚白甲花魚蝦魚魚魚魚魚蝦公魚魚
郈掂翔繁 黃海天田石白路將黃麟龍莛芒花班白阴石耳沙赦設立提尤左 公班 DE
STANDARD.
魚魚魚魚與
#
Horseradish, Shanghai
Water Chestnuts
15
Mandarin.
Mushrooms, Fresh
Onions, Bombay
老
Shanghal
Tomatoes....
Taros....
Turnips, Punt! (Long)
Water Lily Book ....
longer reason, in spite of our gold supplies CHINA AND A GOLD perly enforced, will operates, The reduction of the I doubt whether the Purls money Owing to our numerous branches in stamp duty, from 4 per cent, to 2 market will obtain the vote and ap Chinn and large connections in the per cent. la indispensable in order plication of the measures necessary THE YOKOHAMA SPECIE BANK, portant commercial centres of the to put a stop to an evidently ex for the financial revival of pur
LIMITED.
world, we are able to extend to our cessive taxation and to restore the country. eliante special facilities for domestic and foreign banking and exchange. Paris market to a fooling of
Established 1880,
We also handle the issue of Bonds equality with foreign markets. and other Public Funds
Capital (fully paid-up) Yen 100,000,000 ese Government Ford of the Chine
Reserve Fund
Yen 111,600,000 abroad.
Hood Offen:--YOKOHAMA,
Branches and Agencies at: Alexandzia
Nagoya Newchwang *New York
Ozaki
Batavia
·Bombay
Boost Ayre
porarily
· Calcutta ;
Gandon
Changchun
Dairen (Dalay)
Peking
Rangoon
Rio de Janeiro
Baigon
San Francisco
Fengden (Mukden) Seattle
Hamburg
Haakow
Harbin **
Karacki
Bemarang Shanghai
Singapore Boerabaya Bydory
Manager,
SHOU I. CHEN,
Hong Kong, 6th March, 1980.
Independently of this essential OIL PALM MERGER.
reorganisation of the fiscal system
for personal property, other modi-
Bications which apply to the market UNITED SUA BETONG, LINGGI & itself will have to be undertaken,
MALACCA R.P.
In this way it is proposed to deal
in a greater number of shares in the open market which hitherto
HONG KONG HEIGHTS were dealt with in private markets. The sincerity of quotations made In a loud voice is beyond lapute. For the information of visitors The syndic of the Paris stock the following let of some of the brokers will submit a proposal of highest points on the Island and this kind to his colleagues, It la Mainland published:-
besides, impossible to avoid cash
THE INDUSTRIAL & COMMERCIAL BANK LIMITED.
Hồng Hoi, ).
Island.
Victoria Peak
Signal Station
·Fort. 1829 1774
Mt. Parker
1784
Mountain Lodge,
725
HEAD OFFICE: 12-14, Queen's Road, Central
The Byris
Poak Hotel.
Takon
Shanghel, Bankow, Canton,
Ht. Davis
1000 877
Barren Road
Kowloon
Taim
BRANCHESTE
GOVERNMENT & THE SILVER SITUATION.
UNIFYING THE COUNTRY.
Nanking, June 9.
生
鮮綠洲
#B
2
+
12 1 10
undoubtedly. The result of a return to a gold
standard bring about undesirable results.
on the part of Japan that "Furthermore, the alump in the meant
to maintain that value of silver is a phenomenon standard. she was compell. which cannot be controlled by this ed to export no less а Government alone. Only by-inter- quantity. of gold from the national conference and co-opers beginning of January to tion can steps be taken for the present day than a value of Y.200,- stabilisation of the price of allver.000,000. Actually in the coffers of While China is seriously hit by the the Shanghai banks there is not this present slump in allver, the other amount of allvar, not to mention countries are also indirectly, or gold spécie. directly affected.
the
The only way in which it will be possible for China to go on à gold. Negotiations Ordered.
standard is by establishing credits "An International conference of abroad. A certain amount could be In the United Sus Betong Rub. Speaking this morning at the this nature may be either convened done at the moment by using the by export paper of the bean exporters ber Estates annual report Interest-weekly memorial meeting, a spokes by the League of Nations or ing reference is made to the amal man of the National Government China. Because of the fact that in Manchuria to do this, but apart gamation of the company's oil palm declared that, while the Government America is not a member of the from this there is no other econo- interests with those of Linggi desired to adopt positive measures League, it may be better for this mic factor sufficient to help to- Plantations, with a view to large to deal with the present silver Government to convene such a con-wards the proposed end.
The Ministry for Foreign scale operations. altuation, It fully realized the ference.
A new company, to be called Oil dangers and, possibly, undesirable Affaire, has been instructed to Palms of Malaya, Ltd., is to be results of the so-called "temporary negotiate with Britain and France, formed, with a capital of £800,000, measures."
to take over the adjoining areas, the purchase price of which is to be antialled by the issue of shares by the new company
but so far nothing of any import- anca has been accomplished."NE
In conclusion, the spokesman of the Government urged the public to follow closely the silver problem for Its developments will vitally affect the life of this country."
The Only Proper Method: "The only proper method to deal with the present silver situation," Working capital will be provid he continued, "is to adopt the gold. ed by the United Sua Betong and standard, to unify the country's Linggi companies subscribing for monetary system and to develop CORRESPONDENTA PANCA additional shares no and, when re- the country's commerce and in- principal elties of the world quired.
Very dustrior.” These things, however, {description" of Banking, and This atrangement li an interest. canzot be accomplished within that
business transacted. We Ingek
The tempora bean posed, by various
LAN
tion indus
Some Economic Factors,
It may be permissible to suggest certain economic factors have National neglected in the Government & ideas as #inatit
cold standard:
FOR A RELIABLE
OVERHAUL.
FIAT GARAGE
7A, 67B, Des Voeux Rá. C. Tol 24821:
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