1931-03-20 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authored Opi

............... $30.3OUDOU

Issumi and Pully Paldrup umana. 420,000,001 lasapon Pandac

Steeling

I

£3,500140

Ioaners Idukuility of Proprietors $20,000,000 HRAD OPPICH: TÍONG HONO.

BOARD OF DIRECMES:-

Tun. Mr. 2. 8, mi

Chairusun,

Bon. Mr. 4. Paterman,

Deputy Chairman.

W. H. Bell, Esq T. P. Paaten, Fork.

A. 11. Compton, 15g. 1. A. Pummer, Yoj

1. Lander Tamis, Erg. T. 15. In bhaw, Bug.

13. Mickan, Eng.

ANOT

BANGKOK

UAJAVIA

BOMBAS

CALCUTIA

BANMIN

النا

YOLOMBO DAMEN

YORE HOW

J. B. Varon, Vaq

Cal Manager,

V. 3. Graylzuen, Vinc

ARANGHIES:-

LONDON

LYONG

MALACCA

MANILA

MUAR Cab (DFA

MURDES

NADANAKI

NEW YORK

PRIPING

PESANO

HANDORR

HAMBRAT

HAMBERO HANKOW BAGIAN

SAN FRANCISCO

HONOREW 12.

JOHURE

KODL

KIWAN

ALALA LUMPER

SAMAVORI

-4 RAMAYA

SUNGEJ PATANI TRAINS

เป

IMAMEAU YOKUIJAMA

Curl Arcanis pov in Current alized Deposit crossed two y -Boctor penud et anderling

which wolf to quod application

tung hog, Zeil Jadooney, B.

HONG KONG SAVINGS BANK.

The unions of the aton Bock in condues. by OKO KUNG AND SHAROLIAI HANKING CORPORATION.

obrane tapducation.

FOR THE FRONGKONG AND SHANGHAI BANKING CORPORATION.

V. M, GRAYDORN,

Bong Kong the July, 2970,

Cal Bager

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

36, Boulevard Hausmano, Paris.

Subsribed Capital Frs. 72,000,000.00 Paid-Up Capitat...Frs. 68,100,000.00 Reserve Funds ....Fra.102,000,000.55

BRANCHES: Bangkok Hong Kong Quinbon

Saigon Sattambang Hue Jantho Mengtzo Shanghai

Nim-Dinh Singapore Canton Djibouti Neumua Thanhea Fort-Bayard Papeete Tientsin Haiphong

Peking Tourage Harkow Pnom-Penh Vinh Hanoi Pondicherry Yunnanfu

BANKERS:

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

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

IN NEW YORK: J. F. 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 Capital Reserve Fund

£3,000,000 £1,000,000

Reserve Liability of Pro

prietors

£3,500,000

Agencies and Branchen:

ALON STAR

KUALA LUMINOR

(DES MAIN

KCCHING

ASLIINAT

MADRAS

BANDBOK BATAVIA

HOMBAY

CALULITA

CANTON CAWSPORE CEHU

CARLONDO

DAIKEN JÜning

auth Manchurias DEXIN

HARTIRING

HAMHEBO

HANKOW

HARBIN

IN, marbutas

HON KONG

90ILD

KARACHIL

KLAND

KOBE

REALA KANGSAR

(Perak P.M.)

Maila

MEDAN

NEW YORK

VERING

PLAANO

N

SAIGON SEMARANG

MEREMBAN

HANDBAL

SINGAPORE

HOURABAYA

TAIPING (PMA)

JAME

TIESTAIN

TOYO

TOKORAN (thuket)

71801140

YOROHARA

ZA MGANGA

typi Jalandaj

General}

Foruign Exchange and Banking business transacted.

Current Accounts apened and Fix- el Deposits received for 1 year or shorter periods at rates which will be quoted on application,

A. IL FERGUSON,

Manager, Bung Kong, 8th January, 1925.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 56, Wall Street, New York.

2

Capital, Surplus and

Undivided Profits..U.S.$224,561,298

Branches in:-

ARGENTINE LONDON

BELGIUM

ISLANDS

MEXICO

BRAZIL

PANAMA

CHILE

PERU

CHINA

PHILIPPINE

COLOMBIA

CUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

SETTLEMENTS

INDIA

CRUGUAY

ITALY JAPAN

VENEZUELA

Commercial and Travellers' Lettora of Credit, Travellors' Cheques, Billa of Exchange and Cable Transfers Current accounta lought and sold. and Savings Bank accounts opened and Fixed Depoaits in local and for eign currencies taken at rates that may be ascertained on application to the Bank.

We are also able to offer our Cus- tamers the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and also of The National City Bank of New York (France), S.A in Paris and Nice.

F. McD. COURTNEY,

Manager. Hong Kong, 20th February, 1931.

THE

Interest allowed on Current Ac- AMERICAN EXPRESS COMPANY,

courts and Fixed Deposits according

to arrangements.

Every description of Banking and Exchange Business transacted,

A. LECOT,

INC.

Head Oflice: 65, Broadway,

New York

Safe Deposit Boxes to let.

Manager.

Hong Kong. Ist May, 1929.

Capital Sarplus Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1830.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund

.Yon 115,000,000

Head Office:-YOKOHAMA. Branches and Ageneles at:

Nagoya Nowchwang

Alexandria

Batavia

Bombay

Bons Aires

(Temporarily

closed).

Calcutta

Canton

Changchun

Dairen (Dalny}

,U.S.$6,900.000 .U.S.$1,572,454 ...U.S.$1,008,209

BRANCHES:-

Acumimidat Alwarp

Atbi

Beetin

Blattia

flombay

Brement

Can

Brussels Even Altus Ceira Calcutta Colombo

31ada

Marina Listaburg tsyra Interlake Jerusalem 1.130 Icadon Liverpool Lucerne Lugano

Nie

Naples Pirmoun Parla L'ESIDE

ibing I'l Fiotterdam

Berta

M

Manila Maziob Sfoalsus

Monte Carlo

Semo Yokohama Zurich

Cousteingia

Copenhagen Edinburgh Floreane

New York

suka

Ustava

Peking

Rangoon

illo de Janeiro

Saigon

San Francisco

Semarang Shanghai

Fongtien (Mukden) Soat:le.

Hamburg

Hankow

Harbin

Hong Kong

Honolula

Kal Yuen Karachi Kobe

London

Los Angeles

Lyons

Manila

Nagisaki

Shimonose

Singapore Sourabaya Sydney Tientsin Toky Talnanta

Tsingtau Vladivostock

(Temporarily closed)

Interest allowed or Current Ac- counts.

Deposits received for axed periods

at rates to be obtained on applica

tipa

IL MOEL

Manager.

Hong Kong, March 11, 1981,

دا

baoghai Scubemston Singapor

Morits Tieninis Ylauna

All classes of Commercial Banking Transaction undertaken.

Personul handled.

investment

THE HO HONG BANK, LTD.

(Established' 1917.)

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

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

8,000,000 Paid-up Capital

4,000,000 Reserve

4,000,000 2,520,000 Drauches, Agencies and Correspon. dents in the principal cities of the

+

Liabilities

of Shareholders. Surplus

+7

world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Stanoger,

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETY.

DASKENH.

Extaballebist 1934,

Le Keng Ußce:-1}, Queen's Road Conira).

Askmised Papital ......... Gulders: 150,950)- {212,600.69.1 Pad-Up Capig

téalidir

420,001.1701 Зароста Fund 9 Guilder 40,015,000

THE CHINA MAIL.

and

Commerce

Finance

CREDIT FOR `BRAZIL.

CO-PARTNERSHIP.

FRIDAY, MARCH 20, 1931.

DECREASE IN WORLD VALUE OF SILVER

EXPORT TRADE. ·

The Rehabilitation of

Germany.

--

COINS.

Resolution by Canton Bankers.

ASSOCIATION FORMED.

Canton, Wednesday.

The steady growth of interna tlonal commerce has been inter- rupted for the first time since 1921

In order to diferentiate the value £7,000,000 ARRANGEMENT MR. G. N. BARNES' PLEA FOR by a net decrease of about 8 por

cent. in the volume of the world's of the silver coins, Mr. Fan Kec BETTER RELATIONS. WITH BANKERS.

export trade, according to the an-mo of the Department of Finance, nual analysis of international trade called a meeting ou March 17, The necessity

radical issued by the American Foreign which

was attended by Director The Financial News understanda that a credit of £7,000,000 has change in industrial relations was Trade Council. The Council, how-Sher Tani-wou of the Central Bank. arged by the Rt. Hon. G. N. ever, emphasies the fact that, in secretaries Llang Chi-kwang and the Bank of Barnes, CJL. at been arranged for

monthly spite of the present decrease, inter-Yu Ying-kit, and Mr. Feng Fei-lin the

Co-national trade, as expressed in representing the local bankers etc. Brazil by a banking group headed funcheon of the Industrial

in world exports, is still about 16 per The following resolutiona and Partnership Association held by Messrs. N. M. Rothschild

Sons. The object of the credit is to tide the Goverment over the present temporary adverse tendency in the foreign exchange market.

It is understood that the Federal

for

Д

London. There was an impossible cent, greater in volume than in passed:

1925.

Or-

were

That the Coins Examination As- anomaly, Mr. Barnus said, between

World export trade for 1930, sociation be formally inaugurated the political and the economic

to figures 1 to on March 21; that each member re- status of the average industrial according

December 1, for nations carry-presenting an organ is to subscribe worker, and at present such

half the world's cam- $20 a month as expenses; and that ganised power as belonged to the ing

economic affairs was merce, indicate that the export should the subscription be insuffi- worker in Treasury in Rio de Janeiro holds a used largely in unnecessary con- trade af 101 nations will be about cient to meet the expenses, the do- The total exports delt is to be made up by the now £4,500,000,000. sufliciently large amount to cover fifet, which took toll of employe for these countries for 1929 was Chamber of Commerce, Chung Shun

and employee alike. loan requirements until July. Its

Strikes and lock-outs were the £4,885,400,000, both figures being Tong, the Bankers Association and foreign balances and the gold result of unhealthy relations be reduced to the common. index of the Kwangtung Central Bank.

Beginning from March 19, the [stocks of the Stabilisation Office tween the two, and had the effect 1913 prices. LÆN, KUTABA)

A notable fact of the world's merchants are prohibited from clas- "war mentality," of breeding a and of the Bank of Brazil have, which was likely to do much more business is that European trade sifying the good coins into old and

less affected FRANCIER (Davjarmasin, Baudong". Bethowever, been depleted by the re-harm than was contained in its

by new coins, and prior to the inau- present depression than guration of the Association, if the of ану other part of merchants and that coins have been The actual volume of refusod they are to notify

Tīrad U¤ies;-AMSTERDAM'

- Pastor Atend Olow:--BATAVIA,

Lemenili, Chuti, bevolution jakarta”, Tka Ungas", Jadidus, Kuba

Palembang. Pakalɔngsa____

Bottoɛdain".

Postimuak, ba Hamaras",

botas credit. (Human), Singapore, Sorabue Boerakarta (Solo), Tegal, Tilinings and Weltevredes".

been has

the

There and Its after-effects. immediate effects.

was the Kate Hedia, Sukromar. Medan, Talience the necessity of an external nothing like responsibility to get that

men to face the facts, and real the world. and practical partnership in con-Europe's export business has re-amount of such coins to the Asso- The Government is determined trol, based on the fact that each mained very close to the 1929 riation.--Canton News Agency. to put its finances in order, and is provided something with which the figure, though its trade is less than enforcing strict economies in every other could not dispense, could last year's in current money value. department. At the same time. it secure this object. He urged This is almost entirely due to the

- Taess odioes have sate deposit boxes in let. Landon Bankeru:- National Prusiocial Bagh DAL Carronpondents all over the world Hanking besthora of every descriptien tranetol

A. KOKKING.

Acting Manager

Hong Kong, 18th August, 1980.

THE BANK OF CHINA.

Ħ # # 4

ernment as an

INTERNATIONAL EXCHANGE

is anxious to clear up its rather greater efforts on the part of em fall in prices. In 1929 the aggre- confused currency situation, and ployers to make it possible for gate export trade of twenty-seven to that end, it has requested the workers to become shareholders in European countries had reached 99 Bank of England to send out Sir the enterprises in which they per cent. of its 1913 volume. The Otto Niemeyer to investigate the themselves were employed. situation on the spot.

Coffee Situation.

Rationalisation A Necessity.

carried

ULTRA - VIOLET RAYS.

Used in Manufacture of Rubber.

Further progress continues to be made in the employment of ultra-

figures reported by the various Gov- ernments place the 1929 total at £2,399,000,000, compared with the Sir Valentine Crittall, chairman | £2,399,200,000 actually reported in It ja understood that the of the Crittall Manufacturing Co. 1013. Government has under considera-who was in the chair, testified, The outstanding element in this violet rays in the testing of rub Reorganised October 20, 1998, under tion a complete reorganisation of from his personal experience, to progress has been the rehabilita- uer materials and in determining special charter of The National Gov- the existing system of coffee de- the advantages that were to betion of Germany, whose export the ageing of rubber. Various fence. Hitherto the whole burden gained mutually from proper re trade has increased enormously. Imateriais present varying degrees of the defence has fallen on thepresentation of shop, clerical staff Great Britain, in 1929, came to lor lorescence under ultra-violet BANK.

State of San Paulo, but under the and capital in the consideration of within 5 per cent. of her 1913 ex-ught and this provides

a simplo Subscribed Capital ... $25,000,000 00 | new scheme it will be borne by the many of a company's affairs. port volume, and all other nations method for the identification of Paid-Up Capitul 524,710,200.00 whole of the Republic; in other Commenting on the question of of western Europe, with the excep- dinerent compounds and for test- Reserve Funds .......§ 3,820,503,82 words, it will cease to be an affair | rationalisation, he observed that it tion of Holland, have a substan- ing the purity of materials. In a of any individual State, and will was, with all it implied, a world-tially increased volume of exporta apecial art.cle in the Electrical become a Federal matter. It will, wide necessity, but it should not over the pre-War year. In 1930, Keview bearing on this subject, it of course, be necessary to bring he

out without proper France, Russin, Roumania, the Irish would seem that the use of vicitt the new scheme into line with the respect for the rights of workers Free State, and a number of other rays has not yet been fully de- terms of the existing loan con- who would be displaced by the use European countries, have actually veloped but much more useful work tracts, and negotiations are be of moro economical mechanisms. gained ground in the volume of has been accomplished and some lieved to be in progress between He recommended his hearers to their exports.

details are given concerning the the Government and the bankers study the whole problem of at- Germany is within 1 or 2 por characteristic colours shown. concerned.

tempting to effect the more im cent. of her 1929 exports, while For example, the following white The reason the, Brazilian Gov mediate re-absorption of displaced British exports, in spite of heavy pigments when examined in this

assistance, Instead of following the shortening working days, when 10 per cent. less than 1929. In colours-lithophone, green-yellow; example of other South American technical progress appeared to be fact, Europe as a whole took more zine-sulphide, bright orange; lime, republics, which took American running too fast for the organisa-than 99 per cent, of the amount of light brown; calcined magnesia, advice on their monetary reforma, tion of employment to keep pace. American exports she brought in bluish green; magnesia carbonate, is that, for a hundred yeara. Lun- don has been the banker of Brazil.' Although during 1926-28 several Brazilian loans were floated in

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH: 1. Queen's Rand Central.

Owing to our numerous branches in Chira and large connections in the important commercial centres of 'the world, we are able extend to cur clients special facilities for domestic and foreign bauting and exchanger.

Wa also handle the issue of Bondernment has applied to London for workers through the medium of, losses early in the year, are only manner appear in the following

and other Publie Funds of the Chis

ese Government both at home (DJ abroad.

SHOU J. CHEN,

Hong Kong, 6th March, 1930,

Manager

THE BANK OF CANTON, LTD. New York, there can at present be

Established 1912,

Head Office: Hong Kong.

Authorised Capital (H.K. Currency) #11,000,000 Pid-Up Capital

8,685,500 leverve Fund

1,100,000 BRANCHES -- Canton, Mbangtini, Hankow, Swatów, Bangkok, New York and Ban Preca.

CORRESPONDENTA

LONDON BANKERS —

The Lloyd's Bank, Lámited.

In a princepsi ciiles of the World.

Foreign share and banking bealness of avery' description wanracted.

dala Deposit Bares (artous alpes) at a 'zagły rental of from 25 to 840.

LOOK POONG SHAN,

no question of any foreign issue there. In fact, towards the end of last year American banks called in a great part of their credits to Brazilian banks, which were re- placed to some extent by credits in London.

KRUPP'S BIG LOSSES.

Chief Manager.

Are Profits Deliberately Concealed? The Fried, Krupp A.G. at Esser,

(TAIWAN GINKO.)

Incorporated by Special Imperial Charter, 1899.

Central Bank la Formos,

BRANCHES AND AGENCIES. JAPAN :—Tokyo, Yokohama, Robe, Dhaka. FORMOSA d) dram, Bag Karenko,

Takao," "Tamayi, Torn, Helio, Tallo,

Hwalow, Canton.

accounts OTHERS-Hogg, ingapore,

Hemarang Batavia,

Boka bay I, NEW York, Dairen.

LONDON BANKERS:

"FINANCIAL WISDOM."

1929. The volume of United States violet; titanium white, deep brown. exports has fallen off from those ofIn certain case it would seem to 1929 by approximately 15 per cent.jbe possible to detect the omission, during the first ten months of this or presence, of a particular in- year. They are still, however, 35 gredient in a rubber mixing, but When We Will See The End Of per cent, greater in volume than be- this is a matter of great difcuity

Unemployment.

fore the War, and about level with tant presents many technical pro- the 1926 figures.

bloms.

Rt.

The

Hon. R. McKenna (Chairman, Midland Bank, Lid.):-

Canada and Australia.

Tests for the ageing of rubber is The decreases in world export another promising field in connec trade this year have been almost tion with the using of ultra-violet countries which rays. This applies to the tendency entirely in the . "We shall see an end to

the

chiefly

raw produce

materials. of motor-car tyre treads and side- growth of unemployment and busi-

Both Canada and Japan have walls to ness losses when the recent trend suffered losses in excess of 10 per fading of coloured rubber stocks crack, and also on the

of prices is arrested and reversed."

cent. South American exports, and proofings. Mr. F. C. Goodenough (Chair-

notably those of Brazil and Argen- Exposure tests are also valuable man, Barclay's Bank, Ltd.);—

aponge rubber. Numerous "While certain of the newer in-tine, have decreased this year by for

more than 10 per cent., and the special tests are in fact required dustries are making substantial

nations

America of Latin progress they are not developing general continued to see a diminu- upon the nature of the work In in various cases which all depend

which is a purely family enter- suficiently rapidly to counteract

THE BANK OF TAIWAN, LTD.prise, is the first of the German the, decline which is taking placetion of exports which, with few handled, but there is no doubt that mining concerns, the financial in many of the more important exceptions, had already appeared in all classes of rubber work the in 1929. Latin America, however, ultra-violet ray lamp is now deem- HEAD OFFICE:-Taipeh, Formosa.year of which ende, on Sept. 80, to older industries."

is still selling its products abroad ed to be a necessary part of labora- publish its balance sheet for the Sir Herbert Hambling, Rt.; (De-

cent. greater tory equipment. in fully 20 per Althoughputy Chairman, Barclay's Bank, volume than before the War, states financial year 1929-30. the passing of the dividend had Ltd.):- Branches of American Express

the New York correspondent of the "Sooner Company in Principal cities of Unit Bank-Notes used &rongs acuan, 48,000,000 generally been reckoned with, it

or later prices will

British United Press.

Adolphe Menjou has been bring- cd States of America and Canada.

has caused much surprise that the touch bottom and begin to rise, and

Asia, which provides one anding his physician to the eet with a loss of when this happens recovery may three-quarter times the exporte of him the last few weeks. Adolphe lungbalance sheet shows akong Nants, Bhinchiku, Taishu. Taluan, 4,400,000m (£220,000), which by be speedy. I cannot say when the Latin America, by the end of 1929 has not been well, and It was con- CHINA magba. Hankow, my Yochow, the profit of 1,920,000m. carried turn will come, but come it will had increased the volume of its sidered wise to take this move. He Beerabaya, forward last year la reduced to and that possibly sooner than exports since 1913 by 60 per cent. is working in the French version

Calculia 2,630,000m. In the preceding year many people imagine.”

Although Japan, China, India, and of "Let Us Be Gay" at the. Metro- the company's net profit amounted Mr. Alexander Loveday (Head of

the Dutch and British East Indica Goldwyn-Mayer with Lily Damita. and the Economic Intelligence Service have all sustained losses this year. Two years ago, while at Paramount, 6,910,000m. excluding, 10,920,000m. Including, the profit of the League of Nations):—

the total decline will not exceed 12 he was carried forward.

suffering from "We can only compete success- According to the company's an- fully by thinking less about the 15 per cent. Australian foreign ulcers, but an operation was avoid.

trade has likewise fallen off con-cd at the time. nual report developments in its division of the national income siderably, and the loss will cut in coal, iron, and steel business show and more about its production-half the gain of 25 per cont. which ed quite clearly that these German leas about the division of the the Commonwealth has made in the THE CHASE NATIONAL BANK H¶ more extensive steps towards an the cake which we want to divide." |

Industries were doomed unless far cake and more about the size of valus of her exports since the What Everyone Needs. offective reduction of working Sir Michael Nairn, Bt., (Chair-

World prices are lower than at costs were taken than hitherto. man, Michael Nairn and Green any time since the War, and have Whereas the concern's section for wich);-

decreased since this time last year by about 15 per cont.

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

Afiliated with

Resources ..Over G$2,600,000,000

E. W. DUGGAN,

Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central. HONG KONG

Capital and Surplus .....................................

Total ResonICI.....

over IL$ 8,000,000.00 ............................. over....I.$30,000,000.00

Every description of Banking and Exchange business transacted.

¿Current and Fixed Deposit Accounts in lòcal and for-

eign currencies opened for clients.

Bavings Account and Safe Depoelt-Boxes, Branches and Agencies all over the world,

KAN TONG PO,

The London County Westator nud Farr's Back. The Bank has Comrepondents in all the principe! Comarcal Centre throughout the world.

I. NAGUNA.

HONG KONG BHANGU;

1. Das Vaux Road Central. Hoa Koog. 293 Fanuary, 1923.

Maker.

COASTWISE

by

" ALGIE". BENNETT.

An interesting book of Cartoons depicting "Happenings" on the China Coast

PRICE $1.00.

Now on sale at

BREWERS

WHITEAWAY, LAIDLAW EXCELSIOR BOOK STORE.

and at the Publishers

Chief: Manager.

The Newspaper Enterprise, Ltd. China Mall Building.

UTENAKKNK

to

the construction of locomotives "It is not possible for any in- was again operated at a loss and,dustrial company with widespread secording to the company, Was intercats to remain immune from likely to continue so in spite of the the consequences of the present order for 18 locomotives recently unprecedented depression." received from the German railways Mr. Colin Frederick Campbell, company, the turnover in machines, (Chairman, Alexanders Discount motor-lorries, and particularly re-|Co., Ltd.):-

gister tills, resulted in a surplus. "Want of confidenza is the main Deflatte turnover Agures are again cause of our present troubles." not published in the balanco sheet. ¦ Mr. H. Gordon Selfridge:-

War:

A NEW BANK.

International Agrarian Institution.

stomach

No matter who you are or what you are, every man, woman and," child needs an occasional aperient. Waste matter is bound to cumulate to a greater or lesser de- gree and every now and then the food tract should be cleansed.

BC-

This is sound' health-sense and all' doctors and health specialista · agree. For this purpose there is nothing quite like Pinkettes, the Geneva, Feb. 15.

occasional laxative regulator. According to a communique This splendid aperient has now ieaued by the, General Secretariat Alled the need which has long been It is estimated that last year's "It is one of the joys of life to of the League of Nations, the sought by research chemiats for turnover of about 550,000,000m. scrap old Ideas and to throw away Commission for an International laxativo which is not habit-creat- declined-by-approximately 60,000,- some thing that has outlived-its Agrarian-Bank,-appointed-by-the-ing, as other known faxativen aro. 000. Bank debts and acceptances usefulness."

League's Financial Committee, has You do not need to be taking still aggregate about 80,000,000m. Col. the Hon. Sidney Peel, C.B. concluded a preliminary exchange Pinkettes always. They act as The company's share capital D.8.O. (Chairman, National Dia of opinions and has agreed on cer-gently as anture, relieving tho amounts to about 120,000,000m. count Co., Ltd.):-

tain principles. This Commission most stubborn constipation Booth- The Vossische Zeitung suggests "When trade is getting bad, dis-will meet again In March, whepingly and without griping. that profits have been deliberately count houses do well; when trade fit is hoped it will be possible to biliqusness, sick headaches, liver- concealed to bring pressure on the is improving and money therefore draft the statutes of the Bank, to shress, and derangements of the Government for a reduction in becoming tighter, discount houses be submitted in May to the League stomach and bowels generally, they wages and the revision of the lose. In the long run the thing Council and the European Federa- are rapidly effective. All chemists Young Plan.

equalises itself out.”

tion Commission.

can supply you..

For

+