1931-02-04 — Page 2

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HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

-- $30,000,008

Gound and Fully Padup #0,000,00 Beserta Punda :-

fourling

JA,500,000

-$1,000,DOG

Essacre 'Liability of Proprietors..... $20,000.00€

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORY-

A. Plummer, Esq.

Chairman.

Ros. Mi, 0, 0), R. Mackle, Deputy Chalemans,

. . Dell. Eaq.

Hon. Mr. 3. J. Yatareva

J. H. Compton, Eng. T. E. Farre, Paq

1. Lander Lawłe, Eng. T. 3. R. Bhan, Esq.

2. Miskia, Eng.

AMOT

PANDRDE

BATAVIA

BOMBAT

CALCUTTA

CANTON

СЦЕРОВ COLOMBO

J. P. Warrio,

Chief Manage.

V. M, Graybata, Esq.

BRANCHES:~

LONDON

LYON

MALACCA

MANICA

WCKDEN

MAGASAKI

PEIPINO

PERARU RASUDOS

MAT (Jokor

NEW YORK

DAIREN

PUCHOW

HALPUOND

HAMRO

SAIGON

HANKOW HARBIN

BAN FRANCISCO

SHANGHAI

SISUAPORE

SOURANAYA

SINGEL PATANI TIENTHAN

TOKYO

HOMIKEW

IL4ILO

INI

JOHORE

2002

KOWLOON

KUALA LUMPUR

ISINGTAO

YOKOHAMA

Qurrent Accoruta spene in Local Currin87 Kad Fiend Impuelle Frostad for one year of shorter periode in focal Currenay and Bierling en terone which will be quwied on appliosilca flong Kong, tas April, 1980.

HONG KONG SAVINGS BANK.

The Duslaves of the aboma Slank in condust ad by the HONG KONG AND BHANGHAI BANKINO CORPORATION. Blutee may be abiained on application.

FOR THE HONGKONG AND SHANU HAL BANKING CORPORATION.

Y. M. GHATUURN,

Ang Kong, 18th July, 1980.

Chisi Hunger.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

[NETHERLANDS TRADING SOCIETY)

BASKEDS.

Established 1924.

Hong Kong Low —¡t, Queen's Bond Content, Authored Capital Ouilders 150,000,000-

{£12,000,000, Paid Up Capital Quilder 60,000,000 (20.402.370) Beserve Fund ... Guilders 0,018,000 [48,384,588) Head Ofen:-AMSTERDAMI Kantora Head QKM:-BATAVIA, BRANCHES :—Basdjormaalt, Bandoare", Bombay,

Calculin, Chesilon, Diber, Djok jakarta, e Hague®, Juddah, Kobe, Bute-Hulje. Maker, Medan. Fadang Falerabung. Pekalongan. Puthag Pantiagak taugoon, Butterčava** Samariog Bhanghel, Sibolga (Humadin), Singapore Bouzabain, Boerakarta (Bots)," Tegal, Tjilajap and Waltevredes",

• These offices, bare safe depoels bases to all,

London Banker-National Provincial Bank Ltd.

Cocarpondents all orse the world

Banking-bulness of every

descriptios trazimatlad.

A. STOXKINK

Acting Manege05.

Hong Kang, 18th August, 1900.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE: 96, Boulevard Haussmann, Peria, Subscribed Capital Fra. 12,000,000.00 Pad-Up Capital...Frs. 88,400,000.00 Reserve Funds ....Frs.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinton Battambang Hus

Saigon Cratho Mangtze Shanghai Садол

Nam Dinh Singapore Djibouti Ncumen Thanhea Fert-Bayard Papects Tientsin Peking Tourano Pnom Penh Vinh Pondicherry Yunnanfu BANKERS:

Haiphong

Harkow

Напо

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnale; Banque de Paris et des Paya-Ban; Credit Industriel et Commercial; So- ciete Generale.

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

IN NEW YORK; J. P. Morgan

Co.; Bench American Banking Cor- 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.

Bafe Deposit Boxes to let.

'A. LECOT,

Manager,

Hony Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880. Capital (fully paid-up) Yen 160,000,000 Benaryo Fuod .......Ten 118,500,000

Hond Oles:-YOKOHAMA. Branches and Agencies at: Alexandria

Nagoya Batavis

Nowchwang Bombay

New York Duenos Aires

Osaka

(Temporarily closed). Calcutta

Cantou

-35

Changchun

Peking

Rangoon

Rio de Janeiro Saigon

Dairen (Dalny) San Francisco Fongtien (Mukden) Seattle

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Kal-Yuen

Karachi

Hobb

London

Los Angeles

Lyonn

Marlia

Nagaiaki

Semarang Shangzal

- Shimonosaki

•Singapore. Soerabaya

Sydnor Tientsin Tokyo Talianfu Talngtau

Vladivostock

(Temporarily

alased)

Interist allowed, or Current ̧· Asi comiats.

Deposits received for Gzed, periods rater: to be obtained on applies-

HMORI

Met Manager. Kobe 10th September 1930);

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON. Paid-up Capital

Reserve Liability of Pro-

.£3,000,000

Reserve Fund

.£1,000,000

prietors

.£3,000,000

Agencies and Branches:

KUALA LUMPIA

KUCHING

HARDAN

MANILA

ALOB STAR

(Malay titulu

ARRITSAR

BANGKOK

HATAVIA

HOSAY

CALCUTTA

CANTON

CAWNPORE

CEBU

COLOMBO

DALBEN (Daloj

Bouth Manchuria)

DELHI

HAIPHONG

HAMBURG

FLANKOW

HARBIN

(N. Manchuria)

IND FOR

ILOILO

PROFE

KANACHI

KIANO

KANK

KUALA KANGSAR.

(Perak M.8.)

MEDAN

NEW YOUS

FERIKO

PENANO

- PESHAWAN

RANGOON

BAIGON.

BEMABAND

SELERTAK

BHANGHAI

BINGAPORE

BOURADAYA

TAIPINO (P.M.9.

TAYOT

TRENTHIN

TOKYO

TOROKAH (Dhu%##} TSISOLÃO

YOKOHAMA ZAMBOANGA

Philippine Telecades 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 CHINA MAIL.

Commerce and Finance

WHERE THE MONEY TRADE POSSIBILITIES

GOES.

More Votes for Last Year's Estimates.

$3,300 INVOLVED.

At the meeting of the Financo Committes on Thursday the fol- lowing Supplementary Votes for 1930 Estimates will be consider ed:-

Prisons Department:-Incidentat Expenses, $100.

Provision made, in Extimates, $2.000.

WITH CHINA

WEDNESDAY, FEBRUARY

1931.

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Bear Sirloin

Prime Cut

Corned

Need of Maintaining. Contacts.

Bossi

Breast

Soup

Steak

QUALITY OF GOODS.

Steak Sirloin Saurages

Bullock's Braina

*2+*+++++++

中午

Jah. 30, June, June,

183*88*88ABS (AGA=2**BREZ 15 18289281878-as

Hothou

Turkeys, Hea

Quail Partridges

Fruits.

Jan. 30, June, June, 1031, 1918. 1014.

Gis.

Gis

Ib. 60

ΓΡ

€0

đội cách 35

* pair 2.00

cách 30

Ct.

៖ គគនន់ គន់ គ ន ៥ ឌ ឌ !! |

#88d=1879!!!

1931. 1918, 1914.

Cts. Cla. Cte.

Poultry.

B 80 24 12

Chicken Capons, Smal

23 19

Capons, Large

跑

Duck

Doves

Eggs, Hen (cooking)..

per doz. 35

Eggs, Hon (fresh)

新鮮蛋

Fowls, Canton

本油野

Ib.

Fowis, Hainan

###

per set 15

Geeza

40 1P

Tongue, fresh Tongue, corned

ench 65

Pigoons, Cartog

euch 40

---

海口魄

Head

» $1,00

-$1.20

Turkeys, Cock

1b.

Heart

ib. 24

Hamp, Salt

Salpe

ench 25

Feat

cách 10

Pheasant

Kidasys

Tail

Liver

lb. 24

Tripe

set $1.20 $1.00 $1.00

排符 ib. 36

3-4

碗肉

Fer set 3

Caranıbola

Feet

Ib.

Coconuta

Fry

Lemons, China

Bead

Eleart

each 15

Lamons (American)

金山檸檬each-13- 8

Kidneys

Lichtes, Dried

荔枝干孙

Liver

Ib. 48

猪饰

Oranges (Canton)

新合甜椎

Oranges

42 GO 70

Poara (Canton).....

Peanuts

羊頭脚 por set DO

60 70

each 12

Persimmons, Large

衍 £1

Pluntain

P'umelo, Siam

Meath 14

15. 25

Walnuts

旮 US IL

Grapes

22 20 20

No one will deny the immense possibilities of trade with China with her 400,000,000 people and great natural resources, but con- tinued civil strife, misgovernment and wrong ideas have killed ail hope of a speedy recovery. The biggest blow, perhaps, has been the steady drop in silver which haa This is due, to fall in exchange during the past nine months In-Calves' Head & Feet

Mutton Chop over a number of small payments creased the cost of imported goods to the Crown Agents.

into China by 37 per cent. This is to be met

would normally be offset to a great

Shoulder The above

Saddle extent by increased exports, but for Indian Warders.

China has been gradually losing | Pig's Chitiinga Kowloon-Canton Railway :-- her markets for tea, silk, wood-oil,

Brains Special Expenditure, "Locomotive etc., in which, by rights, no coun- Wheel Balancing Machines", try should be able to approach her, These markets have been lost aole- $3,200.

Provisios made in Estimates,ly because of deterioration in $1,900, #

quality. The Chinaman's word is no longer as good as his bond.

from

THE HO HONG BANK, LTD. savings under Rent of quarters

(Established 1917.)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.

Authorised Capital Straits $20,000,000 Issued Capital...

9,000,000 Paid-up Capital

4,000,000 Ruservo Liubilities of Shareholders.

4,000,000 Surplus

2,526,000 Branches, Agencies and Correspon. dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

THE

INC.

Manager.

Trades Lost to China.

To quote one or two examples: The cinnamon trade hns gone largely to Colombo because there

Lez

Pork Chop

Leg

Loin

Fat or Lar

In February, 19:10, an indent for 14 focomotive wheel balancing Aachines was placed with Crown Agents, $4.000 was provided in Estimates but the total cost now works out as follow

purity of quality can be relied on, Sheep's Head & Feet - Contruct pries 2400 at 1/3%=which is not the case with China. $7.526.40. Plus dept. charge £6.10.8 at The export of fire-crackers to 3%-$100.35, Freight, Inspection America and other countries has

Heart... Kidneys

Liver

charges, etc. 743 at 1/3=$421.85, decreased because of the number Sucking Piga, to order Estimated insurance charges £1.7.6 at or "duda." The falling-off in the Saet, Beef 1/8-82-$4,070.10-Loading charges AMERICAN EXPRESS COMPANY, 100, Les amount provided in Es in making these crackers, tella an vesl

$2.27 Th Cost 58.072.37, Say import of saltpetre, which is used timates $4,30-$3,200.

eloquent story in the respect. The The above is to be met from cane trade, especially to the sarings under Special Expendi- Balkana, which used ture 38 "Steel Passenger Coaches." siderable, has dwindled because to be con-

shipments have been made wet instead of dry; tea is being adul terated, as also is wood-oil; so Fream

Head Office: 65, Broadway, New York,

Capital Sarplus Reserves

.U.S.$8,000.000 .U.S.$1,672,454 .U.S.$1,008,209

BRANCHES:-

Amsterdam Antworp Athens

Elariin Blarrita

Bloembe! Drutand Etruscala Buenos Aires Cairo

Jance Bingow Harana Hamburg Slaven Interlaken Jerusalem 1100 Lordon Liverpool Boueras

Nice Naplon

Pesa

Furis

TIDADE

واحد

Calcutta

Cantin

Celomba Constant Inopia

Copenhagen Paluburgh

Florans Gieth

Branches

ano IXON

Komaillas

Monte Carlo

Manlia

Musich

Mostravs

Faking Palerion Rotterdam Boso Huamboul Shabat Beuthamptan

Hinges

Tepala Viena Vratca

Yokohama Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personal

handled.

investment accounts

The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, in addition, the world-wide services of Its thoroughly equipped Travel De- pritmont

Aguiated with

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Hong Kong.

Authorized Capital (II.E. Currency) #11,000,000 Paid-up Cop

8,600,300 1,000,000

Mutton

Sausages

No. 1.

Fish.

蛟

Barbel

V BRAESĪB€ELSOZAVEZZRCSTBROKI9OBEÇASAROUSE#TER

類愆—— 魚魚魚魚

牛羊仔仔

尾班水

******4*+ÆSB++

much so in the latter case that Canton Fresh Water R buyers in England

have been

forced to seek a new source of sup- Carp ply, and a company has been form- Catfish ed to grow wood-oil bearing trees Codfish within the Empire.

Craba

BRANCHES Canton, Ahanghai, Hackow, Awstow,

Under these conditions it is in- Cattle Fist Bugkok, New York and San Francisco.evitable that the parchasing power Dab

CORRESPONDENTS

LONDON BANKERS (~.

The Lloyd's Bank Limited,

principal cities of the World. Forsign change and benklog bands of avary description treated.

Eale Tepat Bera (varlowe slave) så s penzly rental of fara

$40.

LOOK POONG SHAN,

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

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

15, Gracechurch Street, London, E.C.B. Authorized Capital.£3,000,000 Subscribed Capital 1,800,000 Paid-up Capital ...... 1,050,000 Reserve Fund and Rest 1,640,506 DANKERS:

The Bank of England & Midland Back, Ltd. BBANCHES:

Bangkok Baterie Dambay

THE CHASE NATIONAL BANK Cutta

Resources ..Over G$2,500,000,000

New York

PEDAD

Port Loul

(Mar) Rangoon

(poà

Kandy

Kamchi

Tota Bharu

Colombo

Kuala Krai

Delbi Galin

Kuala Lipis

Kuala Lumpur

E. W. DUGGAN,

Manager.

Hong Hong Почти

Kuantan (hang) Blogspara

Andre

Surabay

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, ander special charter of The National Gov. ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital ....$25,000,000.00 Pald-Up Capital ..$24,710,200.00 Reserve Funds

.$8,820,503.82

HEAD OFFICE: SHANGILAL

HONG KONG BRANCH:

i, Queen's Road Central.

Owing to our numeros

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 braking and exchanges.

HONG KONG DNANCE.

of the people should decrease, and Dace the result is either a reduction in Dog Fish the consumption of the higher Eels, Conger grade productions or the substitu-)

Fish

Fresh Water

Yollow

tion of Inferior qualities of foreign manufacture. In the heavy trades, Frogs consisting of Government stores, Garoupa railway and harbour plant and Gudgeon equipment, structural steel, Herrings

machinery and engineering, stores alitus

for the maintenance of

power Labrus atations and so on, British firms

Loach are on quite a firm basis, more Lobstere especially for structural ateel. The demand for these lines will Monk Flab

Mackerel continue to expand in proportion to

Mullet the general development of the

Oystern country.

Parrot Fish, Perch

-The Price Factor. With regard to the lighter trades, Pike comprising cotton and woollen Plaice

piece goods, the cheaper qualities Pomfret, White

of. metal and hardware, aluminium Pomfret, Black

ware, soft goods, etc., we are losing Prawns

a certain amount of business, as Ray

the Chinese now regard price as Rock Fish

Every description of Banking and Exchangs baad the paramount factor irrespectivo Roach

ter transacted.

Travellers Chaque med.

of quality. The importance of the almo Trustee and Executorships under-price factor is illustrated by the Shark taken.

INTEREST showed a durrent Accounts and remarkable success which has at Skate Fixad Depealt later that may be ascertained tended b application.

F. THOROUGOOD,

7, Queen's Road Central.

Hong Kong. 10th April, 1980.

Manager.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.) -

HEAD OFFICE: Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.

Central Bank in Formos BRANCHES AND AUENCIES.

Bank-Notes and Aur amount. 48,300,000

JAPAN-Ton, Yokohama, Kobe, k

the activities of the Shrimps Japanese in lower grade cotton Snapper goods. This trade was largely in Sales our hands before the war, but the Tench Japanese have now got 80 per cent. Turbot

of it. We supplied them with tex-Turtles, small, fr. water

tile machinery, and they are now turning out cotton piece goods at

prices 16 to 20 per cent. below

******HO XERXXBFDEKKQENUK&R=LWCHERFSTEIGERE

公斑

魚島班魚白甲花魚蝦魚魚魚燒魚芒魚雞钫蝦黑公魚鮪魚

魚魚魚魚脚

Ib.

Aimenda

Apples (Callfornia)

Bananas (bride's) ....

金山拜榮燕山香蕉

子 cach

# #lb

特挺子

Vegetables, &c.

Artichokes

Beans, Sprout ....

Brinjale, Green

Red.....

נן

24 24

⌘ ་ བ | ཡ༷ ཋ ཋ

ཋ ཝཿ " ཋ ། | ། g

11-2012

25 30

each 13

Jb.

Cauliflower (Large).. ★ cach 18 (Medium) PERZATE

Horseradish, Shanghai

竹菜争躓瓜瓜瓜菜菜笋花花花笋菜于椒椒科瓜阿赛6 米染路烩菜薯仔仔瓜研來城棗茄班

| | ទីឤ cc ៩៨២ ១៩៩នខ្លះអគ្គី នី ទី ៩ ធី ៣ ជា ៩៧៨ | ci

|| 1922 T

Lyng

Beet Root

Hitter Squash

Cabbage, Chinese ....

(Shanghai) 200

Cane Shoots, bunch

(Small) .. 細襬來花

Carrots

金券 1b:

Celory, ChineseS

膽與榮

Chillies, Dried

辣椒干

Red

# #

Green

#.#

Curry Stoff, Engllah....

Cucumbers

痣

Garlic..

Ginger, Young

он

32. 19

Indian Corn

Lettuce

Water Chertonts

Mandarin. M

洋想:

Green

生

Shanghai

上海意頭

Parsley

Potato, Sweet

Japadesa

Pumpkin

Radian

Shallots

+10

Spinach

Tomatoes

Teros

1.05

9 * · 48589*8-***888***É¶NA*82****EBRANSRAYBANKY

199998282222*NGN****≈≈≈82888÷÷2**********

Mushrooms, Fresh

*Okrosa

Onions. Bombay

American

Rhubarb (Fresh)

Turnips, Panti (Long) Vegetable MarrOW

Water Cress

Water Lily Root

The 8&mo

糊

8 15

G 15

] , } | 2༅ །༞ །⇨ | ༣ | ༑ ཋ ཋ |

||ğänaco | | | |ållas

those of British manufacture, and now made in China, and felt hats that merchants in China have as a mindedness when they learn the although Lancashire has formed a

are being bought principally from rule far too many irons in the fire facts, as they must do sooner or combine to endeavour to meet this Italy and Czecho-Slovakia at ex-to give close attention to any one later. It cannot be denied that competition' in 'standard cloths, we tremely low prices. Japan and agency unless they are assisted and there are dangers and difficulties do not seem to be alle to get down Germany are supplying the bulk of prompted to do, so by the manu- ahead, but I do not believe that to the lower quality suppiled by electrical articles of inferior facturer himself.

these will be sufficient to prevent & FORMA rano Eung, the Japanese. As recently as seven quality at prices very much below

Makoor, Neato. Shinchiku, Taiche, TainanN,

Chinese National Sentiment. steady increase of our trade with Takao, Turul, Tom, Halls, Talla. CHINA, Hankey, Amey. Foodbow, in woollen piece goods, but a fair

years ago we controlled the market those of British manufacture,

Owing to a variety of causes, internal warfare, and there is, I Chinn. The Chinese standard of Swalow, Carton, MERS og

British Name for quality. Kong Singapore, Borba portion of this business is now

there has in recent years been a feal sure, a prosperous futuro for Bataria,

Bowday, Calcata London, New York, Dalren.

In spite of all these drawbacks, remarkable growth of national count of the cheap clothes being the Far East for quality, Integrity tendency is to be noted in Egypt circumhtances and to create new passing to the Continent on ac- the British name stands high in sentiment in China. LONDON BANKERS,

those who are flexible enough to

themselves adapt

to altered produced there. I do not think, and character. It counts in our India, the Philippines and else channels in which the growing however, that this is likely to last (avour that there is less chance of where. The growth of the Press; stream of trade can flow. as the material supplied is distinct claims arising in respect of goods the spread of education on Western ly shoddy and not always up to bought from England than from lines, and an intensive propaganda The Country's Necta.

any other country.

China is almost the only coun- Our foreign by the Nationalist Party and others try left without tariff: walls, add German Competition. “ competitors cannot improve on our has enormously increased the num- In aluminium ware, padlocks, export machinery, per can they ber of politically conscious Indivi. it is no good building these as she hacksaws and hardware generally, teach us anything regarding duals who take more or less of an protect. When she settles down- haa practically no industries to the Germans are very strong com- methods of distribution. If the interest in the foreign affairs of as she must do sooner or latar-she petitors, and cheap machinery is British manufacturer is in a posi- their country. It is often not a will require everything a virgin also being supplied by them. For tion to quote a competitive price, very well-informed Interest, and some, time past America has been he will invariably get the business sometimes it is grotesquely pre- Contacta should therefore be main- country needs for development. steadily capturing the provision as we are more favourably placed judiced; but in the mass it fetained however feeble, they may trade, and I cannot help thinking In China than any other nation. powerful and can be dangerous,

The Bank has Correspondanta in si tha prinsipal Comero. Cantras toughout the world.

K KIOUR.

We also handle the fasue of Bonds The London Ccany merminatas and Parr's Bank, And other Public Funds of the Chin- e Government both at home and abroad.

SHOU J. CHEN,

Manager. Hong Kong 5th March, 1920.

Kangur.

HONG KONG BRANCH,

3, Des Youx Bood Ceairs). Han Long, 194h January, 1630.

THE BANK OF EAST

Established 1918.

HEAD OFFICE:

ASIA, LTD.

19, Des Voeux Road, Central,

Capital and Sprpins

Total Resources

HONG KONG.

over HL.$ 8,000,000.00.

over IL$80,000,000.00

Every description of Banking and Exchange business transacted.

Current and Fixed Deposit Accounts in local and for eign currencies opened for cliente

Savings Account and Safe Deposit Boxes. Branches and Agencies all over the world.

KAN TONG PO,

Chief Manager.

sample.

that we are to blame for letting It will be seen that in the light and must be taken into serious con-be, for the trade will go to those her get a foothold in the market grade trades the problem to be sideration, That is not to say that who are ready to do it, It was, of course, comparatively solved is one of production rather we must not protect ourselves easy for her to do thiz during the than marketing. On the other against outrage and inault, such as war, but immediately afterwards hand, a good deal can be usefully accurred in the times of actual

During the first nine months of

wa ware rather slow in changing done by the British manufacturer rioting and turmell. These acts last year 12,766,481 gallons of gaso our methods to meet altered condi- taking a personal interest in the deplored by decent Chinese, and line were consumed in Nova Scotia, tions. ME

market and realizing that his goods any reasonable action we take to or an increase of 1,000,000 gallons In chemicals, England still holds remain his concern until they reach protect ourselves is not resented as compared with the same period. the market, but America is making the consumer. He has in the past by them. Peop of 1929. In 1927 the censump- special effort to get a footing often appeared to lose Interest I am a believer in the essential tion amounted to 7,091,056 gallons, In motor can the U.S.A. Is, at pres after receiving payment in Lon decency and common sense of rent, predominant.

or not much more than half the Topees are Con, entirely overlooking the fact the Chinese, and their fair present consumption.

1931-02-04 — Page 2

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Private Research Note