1930-11-25 — Page 2

Page

lvs

$2,500,000

Paid-up Capital

Reserve Fund

prietors

.£3,000,000 .£4,000,000

.£3,000,000

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital. .

$30,000,000 Inmed and. Puity Pald-up 30,000,000 Reserve Funde

Bezerra Llability of Proprietors $20,000,000 READ OFFICE: HONG KONG.

BOARD OF DIRECTORS—

J. A. Plummer, Esq. Chairman

tan. Mr. C. f. 8. Machla Deputy Chairman.

How. Mr. J. J. Pezizon

A. R. Complan. Yea. T. K. Pearce, Fing

B. Lander Luals, Soy. T. II. R. Show. Eq.

1. Min. Een

J., Warren, Zaq

Chind Manager,

V. M. amyburn, Esq.

BRANCHES:***

LONDON

LYONK

MALACOA

MANILA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1859. HEAD OFFICE: LONDON.

Reserve Liability of Pro-

Agencies and Branches:

ALON STAN

KUALA LUMPUR

W. . . Em

AMGY

YANGKOR

BATAVIA

BOMBAY

CALENTTI

CANTON

CHEFOO

COLUMBO

NUKDEN

PENANG

NUARI (Johor)

NADASAKI

NEW YORK

DAIBEN YOOCHOW

PEIPINO

KAICHONO

BANDOON

BAMBURG

SAIGON

HANKOW

BAN PRANCIRCUI

HARMIN

SIFANQUAL

LONOKEW.

SINGAPORE

ILOILO

IPUIT

WHORE

BUNUEI PATANI

TIENTNIN

RODE

KOWLOON

KUALA LUMPUR

"OURABAYA

TOKYO

THINGTAQ YOKOHAMA

Current Accounts opened in Local Curranty and Find Deposti csired for one year or shorter periode in Local Currenty and Berllog on era which will be quoted on application. Hong Kong, Is Apr, 1080.

HONG KONG SAVINGS BANK.

The Business of the abors Bank he condun ad by the FONG KONG AND BUANGRAY BANKING CORPORATION. Bilee may be abiained as 'application.

POR THE HONGKONG AND SHANOMAT BANKING CORPORATION.

V. M. GRAYBURN,

Hong Kong, 16th July, 1980.

· Chlaf Maskea.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETT)

DANIELS.

Established 1024.

Bong Soon on:-11, Queen's Road Central Authorised Capital Gulidēta")50,500,000-

BANOHOK

[Malay Diado}}

AMNITAD

BATAVIA

BOMBAY

CALCUTTA

CANTON

CAWNPORE CEBU

culoubo

DAIRES (DAEJ.

South Manchuria)

VELI

HAIPHONG

FABBRO

KANKOW

HARMIN

(N. Manchuria)

HONG XOXO

FLOELG

Troik

KABAGHI

KLAND

KOBE

KUALA KANGSAR

KUCHINO

MADRAS

MANILA

MEDEN

NEW YORK

TEKING

PENANU PESHAWAR ILS NOOON

SAIOON GEMARAND SERENDAN

SHANGHAL

SINDAPOKE

HOURABAYA

TAVOY

TAIPING (7.M.8.)

TIENTSIN

TOKYO

TONGKAR (Butt)

ТЯНАТАО

YOKOHAMA ZAMBOANG A

(Philippine Dlandı) (Terak P.M.B.)

and Coneral Foreign Exchange Banking business transacted.

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

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1920,

THE

CHINA MAIL.

and

Commerce

Finance.

INCREASED TAXES

LIKELY.

Suggested Safeguards for Investors.

compared with the prospectus es-

timates of over £214,000,

TUESDAY, NOVEMBER 25, 1930.

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

The remaining 31 companies Beaf Sirloin whose accounts were available suffered losses aggregating £690,- |000, as compared with prospectus | profits estimated at $3,178,000. Of the whole 58 companies only one had paid a dividend, and 27 wore already in liquidation; 14 In his presidential address to the under compulsory orders, in which

the scathing Society of Incorporated Account-connection

H

com- Bullock's Braing

the

H

Ib.

Nov. 28, June, June,

1980, 1918. 1914

Cts. Cts. Cta.

Poultry.

Chicken

24

19

28

*#1

Capone, Smail

23 18

Capons, Large

Duck

24 92

FA

53

TI

each

Nov. 20, June, June, 1980, 1918 1914

Cia. Ct. Cla

Ib. 45 80

20 18

Doves

Eggs, Han (cooking)..

"

1 each 28

per doz. 34

新鮮雞蛋餅

***

BARBECKAEROEKKRESE

**********} } | |

81

1

46

90

Prime Cut

H

Corned

50

30

35

Roast

22. 21

22

21

Breast

Soup

20 18

Steak

24

22

Eggs, Hen (fresh)

38

20

Steak Sirloin Sausagea

30

35

Fowls, Canton

Ib.

56

24

+7

28

20

Fowls, Hainan

##

48

95. 24

#

Geese

per set 15

38

24

10

19

24

Tongos, franh

65

50

40

Pigeons, Canton

each 50

80

Tongue, corned

Hollow

4

60

海口營

20

39

28

P

Head

4

$1,00

$1.20

火腿

16.

85

Heart

Turkeys, Hon

75

4

lb. 24 18 14

Komp, Ball

Snipe

each

25

4

20

18

H

Pheasant

Feat

pair -

Kidneys

4 4

Beach 10

10

12

each

28

10

12

1.00

H

Tail

#

20 24

Liver

16.

18

14

Tripe

6 7

Almends

Calves' Head & Foot .. 4400 $1.20 $1.00 $1.00

uttan Chop

H

Leg

Shoulder Saddle

#

M

ants at Sheffield on September 25, ments of the Official Receiver were Further, it Mr. Henry Morgan, F.S.A.A., de-not without Interest. clared that a substantial increase would appear that at least 16 of the in rates of income tax and super-remaining companies were in seri- ous difficulties owing to losses from tax next year was, in prospect. After pointing out that taxation diverse causes, and in nine cases was fur heavier in Britain than in from the defaults of underwriters. It was difficult to ‘arrive at any any competitive industrial country, being double that of Germany and definite estimate of the present that of the value of the shares of these 58 nearly three times United States, Mr. Morgan said companies. There was little like lihood of more than nominal that an increase in national expen- diture was coupled this year with amounts being returned to a well-founded expectation of fac-shareholders of those companies in ing a substantial drop in revenue. Jiquidation, while the shares of

The profite of business assessed such remaining companies as were Pig's Chitings under Schedule "D" would show a any longer quoted was less than £750,000 at the present market great falling off, and the disadvan- CAPITAL:

tage from the revenue point of view valuation, which in many cases .Straits $20,000,000 of the changed basis of assess- was purely nominal. On this basis

8,000,000 4,000,000 ment from the average of the pre-It would appear that some 95 per the capital of these vlous years to the actual profits of cent. of 4,000,000 the preceding year would be severe- 58 companies had been lost, "Al- though this did not represent the 2,528,000

ly felt.

Production, said Mr. Morgan, total loas, since the shares in many of the companies were purchased was too far in advance of consump by the public at substantial pre-

In consequence, business and commerce were beset with ap- palling difficulties and with a black outlook, such as there had not been

THE HOCHONG BANK, LTD.

Antbortsed

Fasuod Paid-up

(Established 1917.)

Reserve Liabilities of Shareholders Surplus

*

HEAD OFFICE: SINGAPORE. Branches, Agencies and Correspon dents in the principul elites of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

THE

Manager.

tlon.

miums.

Legal Protection.

Mr. Morgan proposed what he declared would be an effective re-

Brain

Foot

暢

Fry

n

Head

Heart

er

Kidneys

-

Liver

+4

Pork Chop

V KRESSBALLESOFREREDETE+ZR31=5035*£##BOHUE11Ba

$ # B

Ib.

881883238RN 18MIAR 372888*88*********************

Turkeys, Cock

Quall Partridges

Fruits.

Apples (California)

*

85

10 7 cách IS

lb. 10 25 30

g 「 | རྗ བྷཧྨབྷསྶསྡུ།༠ཝདྡྷ་ླ

1818119111

羊排骨

lb.

24

26

£ 1.

00

19

24

金山陴業

"

26 24

#

Bananas (brida's)

27

蘇山藥

7

4

Carambola

Per set 3

12

*

M

12

[b.

15

Coconuts .....

10

15 18 20

Lemona, China .......

##

Lemons (American)

anch 15 10 10

✰ each 12

B

10

3

Licheen, Dried

荔枝干 b.

28 30

80 24

Oranges (Canton)

新會甜橙

12

#

25

23

Oranges

#

14

15

"

Pears (Canton)

14

60 70

ラナ

21

Peanuts

# 生

per sot.85

60

70

Parsimmons, Large

黥

each 12 & 7

Plantain

12

10

Я

28

25

Purelo, Star

#

ib.

25 22

Walnuts

**

18

Grapes

#

..## #

86

28 20

#

牛仔肉

20

20

Sanaages

牛仔服

No. 1.

Fish.

#

Log

Loin

11

Fat or Lard

Sheep's Head & Feet

Heart

Kidneys Liver

Mutton

for generations except during the War. Unemployment was increas-medy against company abuses. ing to an unprecedented extent, e auggested legislation providing Sucking Pigs, to order and the cost of maintaining the that a copy of every resolution to Buet, Beef AMERICAN EXPRESS COMPANY, unemployed had already risen to be proposed at a company meeting

should be sent to every share Vel holder with necessary explanations. together with a voting paper on which he could vote either for or against-such-resolution....

INC.

Head Office: 65, Broadway, New York.

Paid-up Capital

Barts Fund

(212,400,000.) Guilden 80,Gau,000 Guildare 40,010,000 (20,834,580)

Capital Sarplus Reserves

Elved Oos-AMSTERDAM

י

Eastern Head QNo:-BATAVIL

BAKOTIES:-Bandjormal, Bandosas", Dombay,

Calcutta, Cheribon, Disabar, Djok Jakarta The Hague*, Jaddah, Kobe, Kula-Badia, Makamır, Medan, Padeng

PAINTERE

Pekalongan, Fong. Pontianak, Dangon, atardam”.

Bamarany*. Shanghai.

(Sumatrs), Singapore,

Bourebele

Sorakat (Bolo), Tagsi, Tjilslap and Weltevreden.

• Thane foam hare se deposit boxes to tak Leadoo Bankers:-Nellonal Provincial Bank Ltd. Compondante el sver the world

Beaking business of every description transacted.

A. STOKEINE,

Action Manag.

Hong Kong, 18th Auguel, 1881.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

$6, Boulevard Haussmann, Paris.

Amsterdam Antwerp

Ashene

Hava

U.S.$6,000,000 U.S.$1,572,454 U.S.$1,908,209

BRANCHES---

Clance

Csgow

Baylla

Blasts

Hamburg Have Interlaken

NJon Naples Pirmu Parks

Fanang

Bombay

Fleama

Jerusalem Lido London

Liverpool Lucerne Lugase Izor

Marsatiles

Brale Buenos A

Calco Caloude Coun Colombo

Constantinople Copenhagen Edinburgh

Florsnos

GTH

Monte Carlo

عالمونة

if noish

Montreux

Milan

Branches of American

tekloj Palermo Rollardan Both Bamboul Bhanghai Southampton

84. Kolle

Tieniała

Vienna

Vrula

Yokohania

Zurich

Express Company in Principal cities of Unit- ed States of America and Canada.

Transactions undertaken.

Personal

investorent

accounta

£100,000,000 a year.

Disastrous Flotations. After referring to the decline in industrial shares and to the large amount of money placed with banks and building societies, which was evidence of the investing pub- lic's tons of confidence in industrial companies generally, Mr. Morgan disclosed an extraordinary analysis could not possibly attend general Carp which he had made of the prospec-meetings, and it would be impos- Catdak tuses appearing in the latter half sible to accommodate them if they Codah of 1928 of 58 companies formed for did. In cases where shareholders Graba the purpose of establishing new business or developing new inven-

Under present conditions, hu Barbel said, attendances at general meet Bream

ings and general proxies were al Canton Fresh Water HAR most useless. All shareholders

tions.

had attempted to make themselves Cattle Fist felt, their tasks had been difficult Dab arduous and thankless.

Dace

Fish

#

Fresh Water

The res

Yellow

+

During the past twelve months | Dog Fish Their issued capital amounted to £15,117.000, and the estimated pro-uch money had accumulated and Fels, Conger fits of 52 of the companios totalled was available for investment in £6,219,000, The prospectuses of commercial enterprises. the remaining six predicted sub-toration of public confidence alone Frogs

would secure the release of such Garoups stantial profits, but modestly re-

waolth for productive purposes. Gudgson frained from stating any amountz, According to the latest informa-The fundamental necessities were Herrings

decreased taxation and lacreased Hellbut trade, but there were other factors which played an important part in regatning the confidence of the public.

All classes of Commercial Banking tion he had been able to obtain concerning those 52 companies, 16 had not yet published their first ac- counts and 14 of those were, in liquidation, Of the remaining 30 companies, only fiye earned profits, which totalled less than £48,000 as

Subscribed Capital .Fra 72,000,000.00 - Pak-Up Capital...Frs. 68,400,000.00 handled. Reserve Funds ....FTE102,000,000.00

Canton

BRANCHES: Bangkok Hong Kong Quinhon Battambang Hae Saigon Cantho Mengtze Shanghai Nam-Diah Singapore Djibouti Neumea Thanhea Fort-Bayard Papeete Tientsin Toorino Peking Pnom-Fenb Viah Pondicherry Yunnanfu BANKERS:

Haiphong

Hankow Hanci

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et dos Pays-Ba Credit Industriel et Commercial; Bo- elete Generale.

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

IN NEW YORK; J. P. Morgan & Co.; Frunch American Banking Cor poration; Guaranty Trust Co. of New York

The Company offers to intending Travellers the use of its "Transtar Cheques" and Latters of Credit and, In addition, the world-wide services of Its thoroughly equipped Travel De- partment.

Affiliated with

THE CHASE NATIONAL BANK Resources ..Over G$2,500,000,000

E W. DUGGAN,

Manager.

THE BANK OF CHINA. 行銀國中

Reorganized October 28, 1928, under

special charter of The National Gov-

Interest allowed on Current Ac.ernment as an

counts and Fixed Deposita according to arrangements.

Every description of Banking and Exchange Business transected.

Safe Deposit Boxes to let.

A. LECOT,

Manager

Hong Kong, 1st May, 1929.

THE YOKOHAMA" SPECIE BANK, LIMITED.

Established 1860. Capital (fally paid-up) Yen 100,000,000 Reserve Fund.......Yen 118,500,000 Head Oftes:-YOKOHAMA,

Alexandria Batavia

bag and Agencies atz

Nagoya Newchwang New York: OKeks

Bombay Buenos Aires

(Temporarily closed).

Calentta

Canton

Changchar

Dairen (Dalny)

Peking Rangoon

Rio de Janeiro Baigos

Ban Francisco

Fongtien (Mukden) Seattle

Hamburg

Hankow

Harbin

Hong Roar

Honolulu

Karachi

- Bémárang:

Shanchal Shimonoiol Bingapore Boerabaya Sydney Tientald

Tokyo

Hong Kong, 10th Bay

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital ....$25,000,000,00 Pald-Up Capital ..$24,710,200.00 Reserve Funda

Loach Lobsters Mackeral In addition to the amendment of the Companies Act, and a con- Malet.. tinuation of the "tightening up" of

Oysters the rules and procedure of the THE BANK OF CANTON, LTD. Stock Exchange, it was desirable to Timit the underwriting of public issue to those able in fact to meet plates

Established 1912.

Head Office Hong Kong.

Authorised Capital (H.E. Currency) $11,000,000 Paid-up Capital Esserts Fund waren

BRANDKES

Monk Fish

Farrot Fish Perct Pike

any loss which might be involved. Pomfret, White

1,106,800 1,000,000

No further commitments for social services and public nasistance Frawas should be incurred, and in particu-Ray

Pomfret, Black

Canton, Shanghai, Hankow, wilar the unemployment insuranes Rock Fish

Bangkok, New York and Ban Francisco.

CORRESPONDENTS

LONDON BANKERS:--

The Lloyd's Bank, Elvalted.

la all principal cities of the World.

Foreign exchange and banking burtowns of every option traomatad.

Bala Depal Baza (various sisse) si s yvarty

nial of leon ko 40.

LOOK POONG SHAN,

Chief Manager. Hong Kong, 14th May, 1930.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.) ·

$3,820,508-82 HEAD OFFICE: Talpeh, Formosa

Incorporated by Special Imperial Charter, 1899..

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4 Queen's Road Central,

Owing to our numerous branches in China and large connections in the Important commercial centres of the world, we are able to extend to our clients special facilities for domestic and foreign banking, and exchanges,

We also handle the issue of Bonds and other Public Funds of the Chin- Cas Government both at home and abroad.

SHOU J. CHEN,

Manager, Hong Kong, 6th March, 1950,

Oectral Bank la Formous

DRANGZES AND 'AGHSOIES: JAPAN :--Tokyo, Takaharas, Kobe, Orata

Hallo

scheme should be made to conform Rosch actuarially and financially to the men principles of insurance and 80 Shari avoid Increasing the debt of the skate fund at the rate of £2,000,000

month.

Shrimps

dnapper

All of this would COR- Soles tribute towards much

more Tench satisfactory conditions, but.

AS

1 Turbot

unlikely in an im-fortios, amall, fr. water perfect world, It could' be` accom. panied by reasonable' stability: In our fiscal policy and the economic

#

猪肚 水 44–468 a cad¶vaSADLYARGASNAVVAKSINAUTE BREEMEN KOZSEBOOKSERVESØSK6OZEURETTETHERN &#

DR

H

AЯdas

lb.

"

H

17

T

IF

"

#

82

03

.20

10

#

* 短

யர்

14 10 12

12

5

8

At each 18

12"*

# lb.

20

50

Vegetables, &c.

Artichok

Beans, Sprout

ре

Long

Beat Root

Bitter Squash

Brinjals, Green

Bad

Cabbage, Chincae

Cucumbera

(Medium)

Carry Stuff, English.... WEHN

Garlic

Ginger, Young

Old

竹类里黏度瓜瓜菜菜惭花花花努菜千椒椒料瓜斯賓米 米米腾 ·泰菜善仔仔好來臨菜類有本

44

14

10

*** } } ] [ ¦ ❤ ❤ | | | | |--

30 26 G

each 10

lb, 5

27

B

"

6 24

8 6

1

10

6

K

..

27

8

9-

21

(Shanghai)

14

12

17

Cane Shoots, bunch..

8

26

Cauliflower (Large) 1.

onch 25

27

邱榮

20

17

18

(Small)

耕椰榮花

18

W

Carrots

b. 8

5

8

Celery, Chiness

膽與榮

"1

10 10

6

18

Chillies, Dried

辣椒干

8

Red

ちき

18

10

10

30

Green

野花蠍

*

14 8 12

25

8 10

H

80

8

2

24 22 18

10

+

28

20

T

th

15

18

10

毙

#

13

45

8

24

B

15

21

8

1

20

10

Mandarin. K

12

.8

か

***

1 10

洋假班

8

生态

+

*

Shanghai

80

Parsley

上海意班 券

8 4

00

60

26

45

Potato, Sweet

Б

&

14

"

Japanese

14

American

金山耕

18

Pumpkin

10

Radist...

起

80

30

Rhubarb (Fresh)

10

Shallots

10

80

28

Spinach Tomatoes Taros ....

28

85

>>

27 13

13.

Water Ceses

1.00

#

ឌ គ គ ន ឌ ន ឌ ៩ ៖ ឌ គឺ ៖ ៖ ឥ គឺ វ ន ដ ឌ ឌ ខ ន ត ឌ ទ ន ឥ ឧ ឌឹ ៩ ម ន ន ន ន ឆ ឌ និងឆឌុ | ឌ ដ ដន ន ន ន ដ ឌ ឌគឺ ទី២៣ ខ ែម ៖ នន ឥទន ឌី គឹ ង ន ឌ & ធ្នូ 8 ន ន ន អ៊ ៖

16

Horseradish, Shangha! Indian Corn

Lettuce

Water Chestnuts

Mushrooms, Fresh

Okroes...

Onions, Bomber

Green

Turnips, Panti (Long)

Vegetable Marrow »).

Water Lily Rock ****

unity of the Empire, he believed AMERICAN BUSINESS in the first half of 1980 over 1929.

that Britain would enter upon a period of commercial prosperity the like of which we had not ex-

of the last century when perlenced since thonë golden 'dayë

leadership rendered comparatively Insignificant the Industrial and financial activities of other coun

Deck-Motos ieroed Ares 5,000,000

· PORNOSA »—Clenz, Kagi,» Karenko, Ar Taken Mente, The Taina, CHINA-Bangal,Bankow, Amay, Foodbow, OTHER Long Blog Boys tries,

Bombay, Calazkia: Berang Betavia, Tandon, Mr York, Dair

LONDON DANKERS;

Dan Swatow, Canton, an

The London County (Westminster, and Pan

"Parr's Bank.

commental Centrum-throughand- Akaarteld, "The Bank has Correspondesta in all the pelsidigal

STRAINAGERA.

HONG KONG RANCH

Jobs & Der Vase Bond Central' Hong Kong, 19th January, 19M-","

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE: 10, Des Voeux Road, Central, HỒNG FONG

over HS 8,000,000.00 over H.$30,000,000,00

Capital and Surplus Total Resources

Every description of Banking and Exchange business

counts. In local and for

CROWN LAND “SALES.

our

SUMMARY OF INDUSTRIAL EARNINGS.

A useful summary of American Industrial earnings in the first half of the current year is provid

The most notable examples were companies classed under the head- Ings of amusements and restaurant chains, while the heaviest Instances of contraction in earnings were supplied by the fron and steel, au tomobile, textile, petroleum, build- Ing, and mining Industries,

ed in its latest monthly review by parative

Return on Capital

日本

體

UNCLAIMED TELEGRAMS,

THE GREAT NORTHERN TELEGRAPH CO. LTD. OF DENMARK.

The following unclaimed tele grams are lying at the office of the Great Northern Telegraph (Limited) of Den- Company

In an attempt to show in com-

form the profitable mark

Olive Hulbert, Empress Lodge, the National City Bank of New ness of business the table

gives the percentage of net fram Shanghai. Mr. L. C. Parker-Rees, at the York According to a table cover earnings upon what is called King Mo chao, from Kingston, Crown Land Office yesterday afternoon, sold three lots of ing 805 companies engaged in a the "net worth" employed, which Jamaica,

Lamont, Peninsula Hotel, Kow Crown Land, good prices being wide range of commercial and in comprises the outstanding capital called, and amounts nearly dustrial activity, aggregate-net pro stock and surplus as shown at the loon, from Shanghai. doubling the prices asked for, its before dividends, but after all beginning of each year. For the expenses, fixed charges, and tax re industrial group as a whole net pro Inland Lot No. 3098,

were offered. nor was sold serves, were, for the first sixfits in the January-June period of [

1980 represented a return on "net worth" of 5 per cent, or at the rate of 10 per cent. per annum the comparable figure for the first half of 1929 was 8 per cant; and for 1928 was 7 per cent

to Mr. Lo Yang Kee for $13,000, months of the current year, $558, the upset price being $8,860. 000,000, as compared with $870, N.KLL 1421, which has an 000,000 in the first half of 1929, area of about 12,090 square feet, giving a decrease of $217,000,000 was bought by Mesars. Der Sing In the corresponding period of 1928 Chi and El Wen Yu, of 86, the same companies had aggregate Queen's Road Central, for net profita of 9071,000,000, from Commenting upon the position $86,800. The bidding began at which the decline this year was the bank remarks that while cur- $21,168 The land is. eltuated in $18,000,000

rent earninge of many companies Yu Chow Street

Thuy walls a ediäparison of the are far from satisfactory, if con- The third sale, N.KIL. No, arst Half of 1930 with the considered in relation to the market 1422, was purchased by Mr. P. responding period of 1929 shows a quotations of their stock at several Chow Man fir 127,100, This land reduction, of 25 Ber cent, a com- times its book value, the results In is situated the fimction OL Yu Darlson reveals a reduction of only relation to bettasets, 48, NOWN Chau Street and Maple Street,a per centa A surprisingly large on the audited balance sheets, hard- number of companies, amounting to ly justify the loose talk so fre overy 10 actually quently heard that American bual- meveide in het pronta, ness is flat on its back"

F. V. JENSEN,

Superintendent Hong Kong, November 10, 1980.

THE EASTERN EXTENSION:

· AUSTRALASIA & CHINA- TELEGRAPH CO., LTD.

بينة

The following unclaimed tale grams are lying at the ER. Tele graph Co. Office, Hong Kong

Jenkins, Peninsula Hotel, from Lansing, Mich.

Benpakubu, from Bangkok. Woods, from Liverpool, PoKUM

تر داروها

Saverintendent. Hong Hong November 181980