Page
2
HONG KONG AND SHANGHAI BANKING CORPORATION.
oria Capital ... broad and Fully Yeld-up
Live Yunda
Gigan
Over
****** $60,000,00 30,000,00
„J, GA, DÙN
10,000,000
Biserva Liabilly of Propriators $20,000,000
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTONS :--
J. A. Plummer, Leg...
Chairman.
H. Mr. C. O. & Maskim, Deputy Chairman.
W. B. Dail, Paq, Han. Mr. J. 7. Primus
B. Campton, Esq. T. E. Pana, Zaq
1. Lands Lawin, Esq. T. 1. B. thaw, Esq.
- Miskin, Esq.
MOT
DA SOROK
SATAVIA
COMBAT
CALOUNTA
DANTON CHEFOO TYLOUDO
DAIREN POOCHOW
1. P. Warranty Laq.
Chief Mag.
V. M. Onsyburn, Esq.
HALFITONG
HAUBURO
HANKOW
HARDIN
HONGEKW
ILOILO
EXOL
Jouque
КОВУ
KOWLOOK
BRANCHES:-
KUALA LUMPUR
LONDON
LYONS
MALACCA
MANILA
MJAD (Pokora)
MCKDEN
NADABAKI
NEW YORK
PRIPINO
PERANO
HANGGON BAIDON
BAN FRANCISCO
SHANDBAL
SINGAPORE
SURABAYA
MUKUZI PATANI
TIENTNIN
TOKYO
THINGTAO
YOKOHAMA
Derek Late opened in Local Cunny Vized Depolla scelted the one m2 Dr shorter periode in Lord Currapoy ad Aserlize on areas which will be quoted pap Flong Kora. Hat April, 1900.
+
HONG KONG SAVINGS BANK.
the Budson of the above Bank in moder the HONG KONG AND HUANGHAI
NINO CORPORATION, Buls may be.
abelbed on application.
FOR THE HONGKONG AND HITANGHAT BANKING CORPORATION.
V. M. QBAY DORN,
Chlef Munger.
Hong Kong, 18th July, 1080.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V. (RETHERLANDS TRADING SOCIETY) DANEEDS.
Established:34,
(28,649,170)
(23,264,182)
Am Song Ore:-lí, Queen's Bond Central. Ausborleed Capital Guildare 150,000,000- (418,500,000.) id-Up Capital Quilder 80,380.000 Karro Fund ............................ Guilders $0.01000 Head Ofte-AMSTERDAM" Eastern Ion Of :-BATAVIA. BRANCHES:-Bandjormula, Bandowng. Bombey, Calcutta, Charbon, Diamber, Djok karia, The Hague”, Jaddas. Kobs, Kota-Nadja, Makuamur, Kadan, Yadana Palombant Fekalongan Pang. Pontiaca, Rangoon, Botteriam", Gamaran
Bibelgs Bhanghai,
(uzat), Blogspere Bourebala Boorakute (Bole), Tegal, Tiilaisp and Waliamidra
• These nësen hava safe deposit bazam to let.
Lanka Bankar :-Netbual Provincial Bank Zid.
Corespondents all over the world
Banking budson Di Avery Inscription trazanclad.
A. STOKEINZ,
Acting Hanger.
Hong Kong. 13th August, 1930.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE: $6. Boulevard Haussmann, Parla
Subscribed Capital. Frs. 72,000,000.00 Paid Up Capital... Fra. €8,400,000.00 Reserve Funds ....Fra.102,000,000.00
BRANCHES: Bangkok Hong Kong Quinhon Battambang Hus Salgon Canthio Mongtzo Shanghai Canton NamDinh Bingapore Djibouti Neumoa Thanhas Fort Bayard Papesto Tientsin Haiphong
Peking Tonand Hapkow Pnon-Penh Vinh Hanoi Pondicherry Yunnanfs
BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonsala; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So clete Generalo.
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.: French American Banking Cor- poration; Guaranty Trust Co. of New York.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
Paid-up Capitai
.£3,000,000
Reserve Fund
.£4,000,000
Reserve Liability of Pro
príctors
.£3,000,000
KUALA LUMPUR
SUSHINŲ
Agencies and Branches:
ALOK STAR
(my Blake)
AMHETSAR
BANGKOK
BATAVIA
BOMBAY
CALOUITI
DANTON
CAWNPORE CEND
COLOMBO
DAIBEN Dany
Houth Masaburía)
DELHI
ITAIPHONG
HAMBUNG
HANKOW
HARUIN
(N, Manchuria)
TONG KUN
ILOILO
KARACHI
RLANO
KOHE
KATA KANGSAR
TrP.M.S.)
NADHAB
MANILA
MEDAN
NEW YORK PELING PENANO
PESHAWAR BANDOON
MARION
BEMAMANG
BEDEMEAN
SHANGHAI
HINDAPONZ
BOURAHA YA
TAIPING (P.M.B).. TAVOY
TIENISIN
TOKYO
TONORAH (Dhekel)
TSINGTAO
YORDELAMA
ZAMBOANGA
Foreign Exchange
(Philippine Islanda)
Goneral and
Banking business transacted,
Current Accounts opened and Fix- ed Deposlis received for 1 year or which will shorter periods at rates
be quoted on application.
A. H. FERGUSON,
Managet. Hong Kong. 8th January, 1929.
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Stralts $20,000,000 8,000,000 Issued Capital Paid-up Capitai
4,000,000 Reservo Liabilities
4,000,000 2,520,000 Branches, Agencies and Correspon- dents le the principal cities of the world,
Every description of Banking and Exchange business transacted.
TAN ENG HOOL,
of Starehaldars Surplus
Manager.
THE CHINA MAIL.
Commerce and Finance
OLD PLANTS SHOULD
BE SCRAPPED.
Need for Modern
Methods.
AUSTRALIAN TAX.
ESTIMATED TO PRODUCE £4,800,000.
ATTACKED BY MINISTERS,
Canberra, Saturday,
It is estimated that the propos- cd tax on the Interest on Common- wealth State loans will produce
"In order to sceurg greater eBetency of production and to en able us to meet competition in for elga markets we must scrap' most | £4,800,000, of our old plant and put in new."
The semi-official assurance is This was the conclusion arrivediven that the Government does at by Mr. Lennox E. Lee, president not intend to tax at the source in- of the Federation of British Interest on paynents due in London. dustries, in his speech at the annual The public services salary re- meeting at London on the outlook dection will mean that the Com-
monwealth's for British Industry.
gabry Bill (of £11,000,000), will be reduced by 15 per cent., including the auto- matic cost of living revision. which is due shortly.
All National Ministers except the Queensland representative at- | turk the interest lix proposal an a form of repudiation. and It la doubted whether the Senate will pass it.-Reuter.
"The key industries of the cour. try," he said, "are in an admittedly depressed condition, the main rea son for this being that our coats of production are too high and conse quently our products cannot com pete in price with those of contend Almost by commor ing countries. Zonsent, the contentious! medies for trade depression have completely failed.
MONDAY, FEBRUARY 16, 1931.
HONG KONG MARKET PRODUCE.
APPROXIMATE RETAIL PRICES.
Butcher Meat.
Beef Sirloin
H
་་
Prima Cat.
Cornad
Roast
Breast
Soup..
Steak
Steak Sirion Sausages
Bullock's Brains
Feb. & June, June,
1931. 1918, 1914.
Ch. Ct. Cts.
##
Capons, Smil
Carons, Large
Duck
Dover
Poultry.
Eggs, Hen (cooking)..
Eggs, Hen (fresh)
Fowls, Canton
Fowls, Hainan
Chicken
30 24 13
30 28 11
H
29
J
24
23 20
26
20
30
21.
30
83
21
per sot 15
10
each
65
50
Tongue, corned
12
60.
n
Head
#1
Heart
Hump, Balt
14
Feet
Kidneys
Tall
M
Liver
Trize
Tongue, fresh
Calves' Hand & Feet Mutton Chop
"
Leg
10
Shoulder
Saddle
Pig's Chitlingu
Brains
Feet
Fry
JI
Head
++
Heart
Kidneys
Liver
17
*
14
Pork Chop
"
Leg!.
Loin
Fat or Lard
[The conference of Premiera on "If we are to re-establish our Thursday adopted a three-year position in former markets, to find | plan for dealing with the financial new ones, and to assist to the full iz problem, which includes the roduc- developing the whole of the Em-tion of wages of Civil Servants pire's resources, there is not only which, however, will be automati- urgent need for re-equipment, but cally operated next month: alto a tax of 8/6d. in the pouad on all for a rationalised reconstruction by
a national view- public loans which are subject to industries from point which, to be effective can be Federal taxation; immediate ac- attained by nothing short of cu tion in regard to the fund floating lines embracing all debt, Overseas interests to be pro- operation on
vided through an "exchange prol." allied Interests.
The plan will be referred to the banks, then rediscussed by the Sucking Pigs, to order Premiers on February 25. It is Sust, Beef understood that the banks are un- likely to agree with the plan.]
Big Capital Outlay. "Rationalisation and replacement Involve a big capital outlay requi AMERICAN EXPRESS COMPANY. Ing the co-operations of the bank,
THE
INC.
Head Office: 65, Broadway, New York.
Capital Surplus
Reserves
.U.S.$8,000,000 .U.S.$1,672,454 .U.S.$1,908,209
BRANCHES:-
Amsterdam Lat Athens
Склон
(im ow
Nice Explos
Estas Hamburg
1 ve
Interlaken
Basis Berli Biastiss
Dombay
Ek won
Brui
Bandon Airm
Calcutta CASTING
Cairo
Colombo
Constantinopla
Copenhagen Edinburgh
Phone
Попита
Branches
Jerusalein Lidy Londos Liverpool Lucerne
LULIOF
Hamolila Manke Chela
Vanila
Musich
Montrqua
Pesour Turla Isnang Feking T'stardip Gotterdam Bome Stamboul Ebaoghal Scythampton Singapore 13. Morita Tientais
Vienna
Venice
Tha
Zurich
SOVIET GOLD.
the support of, and, on occasion, the authority of the State. The ex- perience of Germany and the United States of America, both of which are so far ahead of us in the conception of the true meaning of THREE TONS DESPATCHED TO rationalisation, has
shown tha
strong financial backing is essential. Recent announcements, and 'notably that made at Manchester
a few
weeks ago by Mr. J. H. Thomas. show that a growing interest is taken by the City in schemes for far-reaching industrial reorganisa- tion and in the financial problems they involve."
the negotiations Referring to proceeding between certain of the banks and issuing houses for the formation of a bankers' Industrial: development company with a capital of £20,000,000, part of which is to be subscribed by the Securities' Management Trust. Mr. Lee said the only criticism he offered at this! stage was that the capital was not nearly sufficient to deal with the re accounts organisation and rationalisation of Industries and of distribution which, after all, was the crux of the export trade.
of American Express Company in Principal cities of Unit ed States of America and Canada.
All classes of Commercial Banking Transactions undertaken,
Personal investment
handled.
The Company offers to intending Travellers the use of its "Travelers CAcques" And Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel De- partment
Afiliated with
THE CHASE NATIONAL BANK Rendurces..Over C$2,500,000,000
E. W. DUGGAN,,
Manager.
THE BANK OF CHINA. 行銀國中
Reorganised October 28, 1928, under
special charter of The National Gov.
Interest allowed on Current Acernment as an counts and Fixed Deposita according to_arrangements.
Every description of Banking and Exchange. Business transacted. Safe Deposit Boxes to Jet.
A. LECOT,
Manager.
Hong Kong, lut May, 1929..
THE YOKOHAMA SPECIE BANK, LIMITED.
Established 1889.
·Capital (fully paid-up) Yen 100,000,000 Reserve Fund .......Yen 113,500,000 Head Office-YOKOHAMA, Branches and Agencles at: Alexandria
Nagoya Batavia
Nuwchwang New York Üsaka
Bombay Huenos Aires -
(Temporarily.
closed),
Calcutta
Canton
Changchun
Dairen (Dainy)
Peking Rangoon
Rio de Janeiro Saigon
Ban Francisco
Fongtion (Murder) Seattle.
Kimburg
Hankow Harbin
Hong Kong
Honolulu, Hai Yuen Karichi Kobe
London
Los Angeles
Lyons
Menila Nagasaki
Semarang Shanghai Shimonosal Bingapore. Bourabaya Bydney Tientsin
Toru Tritanfa Tsingtau Vadivostock
(Temporarily closed) Interest - allowed or Current Ac-
Deposits received for Axed periods
st rates, to be obtained on: appllen-
HMORI
Hong Kong Inh” Saptembar, 1970.
BANK.
INTERNATIONAL EXCHANGE Subscribed Capika! ...$25,000,000.00 Paid-Up Capital Reserve Funda
$24,710,200,00 .$ 3,820,508.82
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4, Queen's Band Central
Owing to our numerous branches in China and large connections in the important commorelal contres 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 Funda of the Chin esa Government both at home and abroad.
SHOU. J. CHEN,
Manager. Hong Kong, 6th March, 1980.
.
BERUN.
MORE TO FOLLOW.
"
Sheep's Head & Feet
Heart
H
It
Kidneys
Liver
Y
п
Mutton
Veal
Sannages
No. 1.
Fish.
Barbel
Breat
Canton Fresh Water
Carp Catflah Codesh Crabs
Riga, Saturday. Three tons of Soviet gold have been despatched to Berlin from Moscow. In view of the Soviet payments due in March and April Cattle Fish in Europe and America, further Dab consignments Aro expected to Dece pass through Riga in the next few Dog Fish
Eels, Conger weeks.---Reuter.
SILVER MISSION.
Mr. Clegg Leaving S. Africa at End of Month.
Pretoria, Saturday.
牛平
R2226332ZIZOZEBNEHEER+RRAR÷3¬BSCÉSAROKUS1823
强排
$ 8 a
半羊羊 牛乳中午
牛羊仔仔
Fish
塘魚
Fresh Water
H
Yellow
Frogs
Garoupa
Gudgeon
Herrings
Halibut Labrus
It is officially stated that Mr. W. Leach .. H. Clegg, of the South African Re-Lobsters serve Bank, who has been appoint- Mackerel ed by the British Colonia! Office to Monk Flab
"If there' is to be effective "eo-head the special Commission to en- Mulet
THE BANK OF CANTON, LTD. Established 1912.
Hend Office-Hong Kong.
quire Into the currency problems Oysters
of Hong Kong, will leave here at Parrot Fish the end of this month. The other Perch members of the Commission are Pike Mr. P. H. Ezechiel, C.M.G., one of Plaice
the Crown Agents for the Colonies, Portret, Whits
and Mr. C. L. M. Clauson, O.B.E., Pomfret, Black (M) of the 8,464,000
Colonial Office. Prawna Reuter.
Authorised. Capital (ILE. Currency) $11,000,000 Pald-Up Capital For Fund BRANDS
In a
1,000,00
Canton, Shanghal. Hankow, Bwakow. Bangkok, New Toti sed Ban PranoLONG.
CORRESPONDENES
LONDON DANKENS ; —
The Lloyd's Bank, Limited, principal cition of the World.
Foren exchange and asking barieser at `avart description transacted.
Sal Depot Dolon (various sinna? ut » yourly
rental of $3 to $10.
LOOK POONG SHAN,
Chief Manager. Bug Kong, 14th May, 1980.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:-Talpeh, Formosa. Incorporated by Special Imperial Charter, 1899.
Takao, Tamash," Toen, Iidio, Tešla,
OTHERB
€3,000,000
The London County Vestmister and Parr's Bask.
The Bank has Correrpondants in all the princised
Commérial Canitee: Linongbout the world.
I. NADURL
Малари
HONO HONG BRANCH,
Das Vaux Bond Central. Hoog, 19th January 179.
THE BANK OF EAST ASIA, LTD.
Ray
Rock Fish Roach
operation," he aid, "batween Salmon finance and industry, with Govern-Shark ment backing, reasonable certainty | Skate as to future policy is an essential Shrimpa feature of auch a programme. Busi- | Snapper ness men cannot be expected to put Soles forward far-reaching plans
Ferch organisation, unkes they CAS be Turbot
of re
reasonably sure that their plans are Turtles, small, fr. water not to be upset by future legisla. tion..
Burden of Taxation.
"The present heavy scale of taxa- tion makes capital scarcer, and dearer and, consequently, the cost of financing our industries is in- creased. In other words, the State, by imposing heavy burdens
凡肚 水
***
魚魚——魚氩 魚 埂沙餡魚
魚白甲花蝦魚魚魚芒自然公象魚
AREER
公班
扭曲
—
» $1.00-$1.20
Ib.
"
24 18
each 10 10
1b.
lb.
8*12*** ÷ ÷ 8 87 88 89 988 ** 8 29* ******
20
| | នួន ធន គ5 - ≥ [ ៨ | ៩ |||| | | | | | | 3 - ន ឆ ឆឆ ធីន Ý [ 8 ឆឌ គតម
15 10
20
18
Set 31.20 $1,00 $1.00
26
24
21
27
Per set 3
Ib.
15
15
20
each 18 10
10
Ib.
30
25
60
21
"
per set 30 60
each 12
#
12
22
26
2
lb.
25
40
24
20
GERMAN MISSION.
T
м
lb.
45
***
༤འ
16
24
20
16
Gease
Pigeons, Canton
Follow
Turkeys, Cock
75
Turkeys, Han
Pheasant
Seipe
17
Fob. 6, June, June,
1931, 1918. 1914.
Cta. Cts, Cia.
Ib.
02 30 31
21
52 28 30
28 30
13
F
22
21
cách t 22 21
per doz. 35 18
新鮮糊蛋
2$ 20
b.
24
海南酒
Th
85
24
**
24
24
each 40 80
28
Ib.
J
61
道
each $5
pair 2.50
each 36
辯森泰稿向新本海鵝白驚火火沙山姜熱
火四
COORSMCAATRBRAA7%8
36
Quail Partridges
Fruits.
Almende
*
t lb.
85
Apples (California)
金山粹系
24
26 13
Bananas (bride')
燕山香感
M
G
Carambola
轕
锈
T
Cocomita
405
7 cách 13
10
10
Lemona, Chlua
#
b. 10 25 80
Lemons (American)
ility cach 13
8
Lichees, Dried.... 荔枝干b.
60
26
30
Oranges (Canton) Oranges ....
新肏甜橙 链
"
24
18 +o
16
14 10
"
12
#
12
"
3
H
teach 15
lb. 18
00
Pears (Canton) ...... * #
花
Peanuta
Persimmons, Large
*
Plantain
Pumelo, Siam
Walcats
合
**
24
Grapea
Vegetables, &c.
Artichokus
Beans, Sprout
Long
Beet Root Bitter Squaħ
Brinjals, Grem
Red
Cabbage, Chinese
(Shanghai) Cane Shoots, bunch Cauliflower (Large) ....
(Medium)
(Sam)..BE
・H
ཎྜུ སྒྱུ ཁ མྨ བྷཱུ ཞཱ ⌘ ། | } ༄ " ༞ 6!, { }
18
19
16
each- 12
1b,
5
*
10
#
0
10
13
16
@
"
16
27
B
9
12
16
17
26
JAKIE each 18
16 27
+
RE
14
23 10
12
19
10
Carrots
16. û
5
10 8
Calery, Chinese
糖漿
10
10
p
16
Chillies, Dried
辣椒:
16 25
10
粒菜
30
02
25
30
13
25
* 199******922589*******8788899**********
************ C*ANESETAS **************ASORE¤✨
10
20
TRECERER | | -888-8--8---824-1-98298***|
竹榮集團瓜瓜瓜菜菜鲜花花花笋菜干椒椒料瓜團安赛 米秦路路鄀 剛菜薯仔仔抓好菜類染茄發業
Red
Green
Curry Stuff, English.. REME
Garlic
Cucumbers
Ginger, Young
Old
Horseradish, Shanghai Indian Corn
Water Chestnuts ............
Mandarin. #
Kasbrooms, Frosh ... Okroes
Lettuce
29
18 10
|| - - * * - | | | - *
45
Σ
14
10
8
8
2
10
#
10
7
B
10
36
B
F
6
8
10
+
10
M
в
B
20
60
3
20
20
13
萃:
14
30
15
Onion, Bombay
##
Green
生
Shanghai
上海銀
35 30
Parsley
46
Potato, Sweet
#
Зарадево
日本薯仔
10
35
American
W
"
13
Pumpkin
5
10
Radish
•紅相仔
80
90
Rhubarb (Fresh)
*
15
10
10
32
20
Shallots Spinach Tomatoes Tarda ..
0
85
#
1.15
40
非拿
IMPRESSED BY CHINESE TRADE
POSSIBILITIES.
Turnips, Pund (Long)
Vegetable Marrow
Water Cress
Water Lily Root ****
import large quantities of ma- chinery and equipment for the manufacture of goods herself with-
in her own borders. "China," the report says, "ought to become a re- latively large market for iron and steel."
I
G
B 15.
û
16
UNCLAIMED TELEGRAMS.
THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH CO, LTD. The following unclaimed tele- gram is lying at the EE. Tele- graph Co. Office, Hong Kong:
Pedro Blanco, passenger, Pros. Jefferson, from Manila.
Joseph, Empress Hotel, from Singapore,
Rouban Printing, from Shanghai. Teyabally, from Colombo,
S. LACK,
Superintendent. Hong Kong, February 12, 1981.
THE GREAT NORTHERN TELEGRAPH CO., LTD, OF DENMARK.
Canțeaḥ Bank in Formosa, Bank-Fɔies woused Arenga enment --Ita.
BLANCHEB AND AGENCIES JAPAN:—Tokyo, Yokohama, Lob,. Omka
Strong competition firm Ger- FORMAL lico, Kagi. Karenko, Kalung.
Hakong, Nanto, Bhinekler. Taleko, Talaan, on the taxpayer for the mainten-many Is Bikely to be felt on the
Paucity of Communications, CHINA Hankow Amy, Fooche, anca of the unemployed, is itself, China market if the, report of an has
The report of the Commission ERB: Kong. Engapore, Barabara preventing that industrial develop Industrial commission which SATAD Batavis, Bombay, Calutement which alone can diminish the just retained from China is follow- lays stress on the paucity of means Lion, New York. Dalen.
of communications in China, and LONDON, BANKERS,
diflculty of obtaining labour,fed up keenly by the German in-
The question cannot be solved dustry. The Commission, cousis- the good business that might be by any Individual or by any adting of eight members representa dose in remedying this state of ministrative activity of Governtive of the chief Industries, visited affairs. In Haukow, the report ment. The solution lies in a deall the great trade and industrial states, American wheat which has including Hong Kong, travelled 18,000 kilometres, is sold finita policy, carefully thought out centres and adbered to, and one which will Canton, Shanghai, Nanking, Hang at one third the price of wheat give confidence to the leaders of chaw, Hankow, Dairen. Mukden, grown in the neighbouring Chinese Motor-car Imports industry who have to contend with Peking, Tientsin and Harbin, dur-provinces.". the problem dally, and who, eventu- ing the course of a lengthy stay in Into China, the report states, have been steadily growing in recent ally, have to give elect to the de- China. crees of the Government."
The Commission was greatly im-years, but as yet virtually no Ger-
The following unclaimed tele- motor-cars have been sold grams are lying at the office of Dealing with the question of co pressed with the potentialities, of man. operation between capital and China as a market for European thire.
the Great Northern Telegraph labour, Mr. Lee said, "12, as I be manufactured goods
In spite of the huge bize of Company (Limited) of lieve. It is true to say that the peaceful conditions retum and China's population, the country, the | mark:-- salvation of Industry can only be stable government consolidates It Commission declares, is not over Security, from Shanghal.
"Given peaceful conditions," populated. Six-sevenths of Its Nakata, from Shibuya. achieved by units in each trade co-self." operating together and with their the Commissioners' report declares, population, however, are concen
F. V. JENSEN, distributors, it is equally true that "China offers exceptional possibili trated on one-third of the land and
Superintendent. co-operation by representatives of ties in its economic development." in consequence much cultivatable Hong Kong, February 4, 1931.
All the preliminary conditions for land is left-fallow. Moreover prl- labour la essential to the solution of the problems of industrial the industralisation of China al: millive methods of cultivation, the Management:
Pready exist, the Commission points abrence of adequate canalisation “Our economic machinery," he out. When industrialisation takes and other technical causes hinder points out that the average, cost of: concluded, exists not merely to place, it states, China will be in a China's production of agricultural a Chinese soldier is 500 marks a enrich individuals and raise the position to import goods of better produce.
year, while the average income · DĚ
Established 1918.
HEAD OFFION 10, Des Voeux Road, Central. HONG KONG
Capital and Surplus Total Resources
over H. 8,000,000.00 over H.$30,000,000.00 Every description of Banking and Exchange business transacted,
Curront and Fixed Deposit Accounts in local and for-
currencies opened for clients. A Savings Account and Safe Deposit Boxes. Branches and Agencien zil over the World.
KAN TONG PO,
Chlet: Manager.
whenever
Den-
level of workers, but to serve the quality than she now does, and what instancing the enormous waste a Chinese poatant la about 150 community.
a is very important she will wish to caused. by civil war, the report - markta a year.
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