1931-05-19 — Page 2

China Mail 德臣西報 中國郵報 All

BANK S

HONG KONG AND SHANGHAI RANKING CORPORATION,

Authored Capitel $50,000,000 Tamad and Polly Palopo $20,000,000 Beberry Pala

Starting

.....

28,54,

Bakery Lability of Perprise ... $29,400.000 HEAT OFFICE: DOKU RONO.

D DIRECTOR: --

12 her

. . . Ma therman.

H. Nr. J. J. Peteraa

They Chiruka

fon. Mr., 20 Bait, G. E. Pourro, Esq.

4. I. Compla, Pag-

1. A. Pigmeat, drag.

8. Lander Lewin, Esq. 7, El.

A3107

KAPORKAN HATAVIA 15,3UAY

CALCUTTA

CANTON

CLO COLOMINO

DAINEN

YOUCHOW

HAIPHON

LAMB MA

HADOW

BUNDELW

110110

JUBORE

HAP

1. P. Warren, Ero.

Chief Managet.

V. M. Giroshuen. Yaq

BRANCHES:--

LONDON

LYONG

MALACCA

MANILA

MAR (kurs)

68 KEN

NEW TOUR

PKIPINU

PENANO

BANEN

SA2005

SAN FRANCISC

SHANGHA

SINGAPORE

SOA MADAGA

SUNDEI PATANI DESINA

19k2u

18120849

VORORLASTA

#1 348 16

HAWLOON

KALA

Current Anyada geomed n Lost Comer y

36 El panen secured for 14-3

vuuttar persely in for a Cure and surting Just A

flot og 20te Labruery..

HONG KONG SAVINGS BANK.

best him when Bank is consitet -

ed by the 11ONG KONG AND SHANOURI BANKING CORPORATION,

ciation.

Bura may

Elenie PRONG AND PULANGITAL

FOR THE BANKING COMPOSATION,

V. 31. GRAYBORN,

Hrug Keith July, 1980.

Clan laget,

BANQUE DE L'INDO-CHINE.

BEAD OFFICE:

96, Boulevard finussmann, Paris.

Subscribed Capital Frs. 72,000,000.00 Pak-Up Capital...Frs. 68,400,000.00 Reserve Funds ....Frx. 102,000,000.00 BRANCHES:

Bangkak Bong Kong Quinhon

Battambang Bue Cantho

Canton

Djibouti

Salgon Shanghai

Men in Singapore

Kenca

Thanhea

Tourzne

Fort-Bayard Papeete Tientsin Peking

Haiphong

Hankow Hanoi

lnom-Penh Vinh 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 clete Generale.

IN LONDON: The National Provin- cial & Union Bank of England, Ltd.;

omptoir National d'Escompte Par; Credit Lyonnais.

de

IN NEW YORK: JA P. Morgan & Co., French American Banking Cor- pornoon; 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 transarted, Safe Deposit Boxes to let.

A. LECOT,

Hong Kong, 1st May, 1929.

THE CHARTERED BANK OF

INDIA, AUSTRALIA & CHINA. incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON.

Paid-up Capital Reservo Fund Reserve Liability of Pro-

prietors

ALOR STAR

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 15, Queen's Rd. C. Authorised Capitai Straits $20,000,000 £3,000,000 | Issued Capital

8,000,000 .£4,000,000 Paid-up Capital...

4,000,000 Reservo Liabilities

4,000,000 2,520,000

Surplus

1

Branches, Agencies and Correspon- denta in the principal cities of the world,

.£3,000,000

of Shareholders.

agencies and Branches:

KUALA LUMPUR

Malay Hai

KUCHIBO

AMBITSAB

MADRAS

MANILA

MEDAN

NEW YORK

BANGKOK BATAVIA

CALCHITA

HUMRAY

CANTON

CAWNPORE CKDU

COLABO

DAIREN (Dway

South Manaburi)

DELITI

BAIPHONG

HAMBURG

ITANKOW

ITABILN

[N, Kanchuria)

UNE FOND

ILOILO

KARAGUI

KLANG

KODE

KUALA

KAKOBAR

Per P.M.R.)

PEKING

PENANG

BANGOON

SALON

HEMANANU

BEBERDAN

SHAYUHAI

HINGAPORE

BOURADAYA

TAIPING (P.M.9.1

TAYOY

TIENTRIN

10610

TONGRAB filhok+11

TSINOS AO

YOKOHAMA

ZAMBIASUA

(Philippine Istnuda)

General!

Foreign Exchange and

Banking biness transacted,

Current Accounts opened and Fix-f ed Deposits received for 1 year or which will sharter periods at rates be quoted on application.

A. R. FERGUSON,

Manager.

Hong Kong, 8th January, 1929.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55. Wall Street. New York.

Capital, Surplus and

Undivided Profits..U.S.$224,564,298

Branches in:-

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA CUBA

DUMINICAN

REPUBLIC

INDIA

ITALY

JAPAN

MEXICO

PANAMA

PERU PHILIPPINE ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfera bought and, sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- at rates that cign currencies taken

may be ascertained on application to the Bank,

We are also able to offer our Cus tomers 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, 1981.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 63. Bronway. New York.

Manager.

Capital Surplus Reserves

THE YOKOHAMA SPECIE BANK,

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

and

Commerce

Finance.

WHAT THE COUNCIL IS.

Mr. Ernest Bevin And T.U.C. Secretary As Members.

The Economie Advisory Council

a

are:

AUSTRO-GERMAN UNION.

Blow To Economic Life Of Czecho-Slovakia.

TUESDAY, MAY 19, 1931.

TEXACO PRODUCTS.

NEW STORAGE TERMINAL AT TSUN WAN.

WELL-PROTECTED SITE.

WAGE CUTS OR TARIFFS.

"We Cannot Maintain Our Standard of Life."

WHO SHALL PAY?

Of considerable interest to local users of petroleum products is the announcement, to-day, by the Texas Hong Kong office of the Company (China), Eid, 'of the near

A very significant disclosure completion of bulk storage facil about the advice which the Govern- "The collaboration of all Euro- ties for Texaco Petroleum Products ment is receiving from its Econo- at Tsun Wan, and the sail- mic Advisory Council was made was appointed in January, 1930, as pean States and not the co-opera- in from Los Angeles

on by Mr. A. V. Alexander, the First standing bady whose functionation of certain States against the

10 of the Texas Com-Lord of the Admiralty. rest is what is wanted," declared April

Mr. Alexander was discussing Czecho-Slovakian pany's M.V. Australia, one of the 1. To advise the Government onDr. Benes, the Manager.eronomie matters;

tariffs in

to the Co- a speech Minister of Foreign Affairs, in dig world's largest. Diesel tankers and

Party Conference in 2.To make continuous study of cussing the proposed Austro-Ger- the largest ever to visit the Far operative

East, with the first bulk cargo of Blackpool and he said: the developments of trade and in-man Customs union before the

"We have had for some time an dustry in the use of national and National Socialist Party Congress Texaco Kerosene and Gasoline for

Hong Kong.

Economic Council advising the Imperial resources, of the effect of in Prague.

Government and it is perfectly nt Dr. Benes was presenting his re- legislation and fiscal policy

Special Road.

to sum up all port

Alain when you come he on foreign policy, and home and abroad, and of

Situated at Tsun Wan,

tho

the whole fiscal isuue and take in- aspects of national, Imperial and enumerated the various reasons

mainland of Hong Kong Harbour, international, economy with a bear- why Czecho-Slovakia was apposed the Terminal is connected by

to account the advice of the Economic Council that the view is the to the Customs union plan. ing on the prosperity of country.

sent standard of life of the popu The Premier is the Chairman of of organising

lation in Britain and that wages must come down, and that if you dare not face industrial stress and the consequences of such a policy,

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETYS

BANXEHS

Karaliene 18.

Hong Kong -11, Queen's Blond Orntral. Authorized Capital Guldaan 150.000,093. (£17,500,000) P-Up Capital ...........Builder 0.03

(£5,650,170) Basorts Pund. Quidera có,015.000

on

"We cannot see any possibility specially built roadway to the that we cannot maintain the pre-

the continent of

26

un-

Castle Peak Rond. The site is adj vantageously located, being pro: the Council: and it includes the Europe without preliminary tested by Chung Hue Island on the Chancellar of the Exchequer, the agreement between the tile

weat, and the hills to the east, and Lord Privy Seal, the President of tente, Italy, France and also Ger- is that portion of the harbour the Board of Trade, and the Minis-many," said Dr. Benes. "We agree generally sought by small and LANCHES-Dandjermaslo, Bondoug". Humtray,ter of Agriculture. It also has 15 with Great Britain," he added, large craft during typhoon perioda then after all you can do it by the

(£3,4,9,

Boad :--AMSTERDAM' Eastern lead :-RATAVIA.

Calcutta, Charlbon, Diaber, Dob

jakarta, The Hague, Jeddah, Keba, Kate Radlja, Maksomar, Madan, Pedag Palembang, Pekalongan Penang. Pontianak, Rangoon, Ratterdam Semarang", Bhanghai. Aibolic (Nutz). Stageture Suraba hostakarta (Acko). Tural, Tillains and;

Waletrade".

• There offres dete safe deposit torse to lat. Jan Bankere:-National Prominola) Stank (18). Correspondents all over the world Henking husion of tury deartition atjaunted.

A. STOKRINK,

ne Koo 19th August. C.

Wankz.

THE BANK OF CHINA.

Trade Unionists and Socialists.

Lary

"sume."

industrialists as well as prominent "that the affair ought to be sub-

The terminal is modern and indirect method of applying tariffe non-Ministerial members who are mitted to the League of Nations, complete in every respect. In ad- the goods that the workers con- which cannot accept any solution dition to the bulk tanks there are:

Mr. Alexander pointed out that Sir Arthur Balfour, managing other than a European one."

a complete and up-to-date can fac the previous administration had director of A. Balfour and Dr. Benes declared that in its

tory, godowns for the storage of Mr. Ernest Bevin, Secre-conception the plan for the Austro, lubricating oils and asphalts, a re-additional financial burden by its placed upon the Government an Co.:

Gen-German Customis union was design sidence for the foreign Superinten Derating Act. and of Transport eral Workers' Union: Mr. W. R. ed for the exclusive political profit dent and quarters for the em-

"We shall have to meet an ad- Blair. director of the Co-of two countries; it was enleuiated

ployee.

ditional charge on the Exchequer," Operative Wholesale Society: Sirt jeopardise the idea of Pan-

Anti-Fire Equipment.

he said. the European co-operation, being more

"of £32,000,000 over John Cadman, chairman of

kely to divide Europe into two

and Complete and modern fire light- derating,

there Anglo-Persian Oil Company,

is only ing equipment has been installed £4,000,000 in the 'kitty.' We there- Mr. W. M. Citrine, general secre-camps, tary of the Trade Unions Congress The Customs union was a step at strategic points throughout the fore have to meet what is literally ; a charge of sixpence in the & on General Council; Mr. G. D. H. towards the Anschluss (political installation.

A reinforced concrete pler 300 the income tax, and the question Cole, Oxford University Reader in union), and struck a definite blow

constructed is, who shall pay? Econamies; Sir Ernest Debenham.) at the economic life and vital in- feet long has been

"The whole drive of the fronting the plant which can ne

tariff director of Lloyds Bank; Sir An-terests of Czecho-Slovakia.

The Minister stated the Govern- commodate vessels drawing up to campaign from the fiscal point of drew Duncan, chairman Central

view is to move that burden from Electricity Board.

ment would insist on respect for 30 feet of water.

The plant in general has been the direct tax-payer to the indirect Sir Daniel Hall, director of the treaties and international obliga-

best materiale | tax-payer." John Innes Horticultural Institutions. A negative attitude was not constructed of the

In the present world industrial tion: Sir William Hardy, director sufficient; he said what was want available and has been furnished

no country was Subscribed Capital....$25,000,000.00 of Food Investigation Departmented was a programme of general with the very latest in equipment depression Paid-Up Capital ..$24,710,200.00 of Scientific Research; Mr. J. M. collaboration. In any case, with- The Texas Corporation, U.S.A.. weathering the storm with less evil Reserve Funds

.. 3,820,503.82 | Yeynes, secretary of the Royal out an understanding between Ger. of which The Texas Company results to the workers than

Australia was on Economic Society; Sir Alfred many and France and between (China) Ltd. is a subsidiary, is the Trade Britnin. Lewis, chief general manager Great Britain and Italy nothing largest independent oil company in instance of the incapacity of pro- National Provincial Bank.

positive could he accomplished in the world with practically world-tectionist countries to protect the Sir William MeLintock, senior Europe. partner in Thomson, McLintock and Co., chartered accountants,

Sir Owing to our numerous branches in

Josiah Stamp, chairman Chiha and large connections in the imL.M.S.; Mr. R. H: Tawney, Oxford portant commercial centres of the world, we are able to extend to our University Reader in Economics.

Reorganised October 26, 1928, under special charter of The National Gay- ernment 15 an

INTERNATIONAL EXCHANGE

BANK.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central,

clients special facilities for domestic and foreign banking and exchanges.

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

SHOU J. CHEN,

Hong Kong, 5th March, 1931.

Manager.

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Rong Kong.

Autherland Caplia! (B.K. Currency) $11,000,000 Paid-Up Caplis

B.665.000 Reserve Fund

1,500,000

DRANOHEA

Hankow Canton, Shaoghal, Bangkok, New York and Ben Praco

LOWER WAGES.

BANK OF THE NEAR EAST.

wide distribution. It is one of workers. the few complete units in the petroleum industry, being engaged

Free

"The muskrat stands first in In the exploitation, production, re- fining and marketing of Texaco order of value of raw fur produc- Petroleum Products, which

дя are tion for Canada

11 whole," The ninth annual general meet- Identifed the world over by the points out the Charlottetown ing of the Commercial Bank of the sign of the Texaco Red Star with | Guardian, "but in several of the Near East, Limited, was held at the Green T. the offices, 4, London Wall Build- ings, London, E.C.

Mr. C. H. D. Moberly (managing; MINISTER'S STATEMENT AND director), who presided, said:

The trade depression mentioned at'

RETRACTION.

of the

MALAYAN TRADE.

very Malaya

February.

were

provinces it yields place to other kinds of fur bearers. In each of the Maritime Provinces, the silver 'fox leads; in Quebec and British Columbia the beaver is first; in the Northwest Territories, the white fox, and in the Yukon, the lynx. In Ontario and the Prairie Provinces the muskrat ie of chief importance."

Landings of tuna in the com-

our last meeting became world March Figures Compared With wide, and, in common with many banks, our profits for the year have decreased. You will observe that What was regarded as a signif- eant reference to the advice which they amounted to £8,236 2s..7d.. 148

According to the return of the Government is receiving from against £10,467 Os. 2d. in 1929, and foreign imports and exparts for the the Economic Advisory Council think they may be considered month ended March 31. imports to mercial fisheries of Nova Scotia in was made by Mr. A. V. Alexander, satisfactory in view

$47,138,924 | 1936 amounted to nearly 267,000 year we have passed (£5,499,541), and exports $41,350,- pounds. These big fish are caught First Lord of the Admiralty, dur-dificult Braloxing a fiscal discussion at the Co-through. I may mention that our 671 (4,824,246), There is a de-in Nova Scotia waters only, so far business is conducted on conserva- crease of $15,682,317 in the imports as Canada is concerned, and they operative Party Conference Blackpool.

tive lines, and the liquid position and $22,168,754 in the exports of are sometimes taken by sport "We have had for some time an

that always has been our objective merchandise (declared values), as fishermen with rod and line (9 Economic Council advising the has been maintained during the compared with March, 1930, but an well as by the nets

past year. Government," he said. "and it is

Our policy is to select increase of $10,147,890 in the im-mercial fishermen. perfectly plain when you come to business that is promptly cleared, porta and $1,222,830 in the exports Chief Manager. sum up the whole fiscal issue and to avoid large commitments, and as compared with February, 1931. take into account the advice of the thereby keep our position liquid. The declared exports of rubber

industrial for the month from the whole of HONG KONG HEIGHTS

CORRESPONDENTS

LONDON BARKERS:

The Lloyd's Bank, Edmised

da ki pracipal cision of the World.

U.S.30,000.004 U.S.$1,672,454 U.S.$1,208,209

BRANCHES:-

LIMITED.

Amsterdam Answar

Liepos Likagom

S

SARIEL

Foralen hangs and banks

in of

Asham

atary description teamed.

PIZAVI Pan

Bad Depoels Bazar (variaza alsac) nă a yearly

Berila

Ladang

rental of trom $5 to $10.

;

Established 1890,

Выст

LOOK POONG SHAN,

Boulay

ice

Capital (fully paid-up) Yen 100,000,000 Reserve Fund ...Yen 115,000,000

bras

Basuss Bires

Alexandria

Batavia

Berlin

Itead Office:---YOKOHAMA.

Branches and Agencies at:

Manila Nagnaaki Nagoya Newchwang New York Quaka Peiping Rangoon Fengtien (Mukden) Rio de Janeiro

Bombay

Calcutta

Canton

Changchun

Dairen (Dalny)

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Yuen Karachi

Και

Kobe

London

Los Angeles

Lyotts

counts,

Interest allowed

San Francisco Seattle Semarang

Sonoseki

gap

Sydney

Tientsin

Tokyo Tsingtau

on Current Ac-

Deposits received for fixed periods

at rates to be obtained on application.

H. MORY,

Managor.

Hong Kong, 11th April, 1931..

Carutis

Салеме

جمعوا دينه

Cortinople Copenhagen Edinburgh Ylorenc

RESTAUR Emb Marro listerinkau Jarunslers Lo London Liverpool Luceme Lugano. Luzor Har Monte Carlo

Manila

Stoich

ܢ loa

Milaz

Faking Pierwo Sittardan Home Stambou!

Shanghai Beuthampto Mingapore

St. Morita

ماهام

Vizza Flo Tokobama Zurlab

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

All classes of Commercial Banking Transactions undertaken.

Personal investment accounts handled.

The Company offers to intending Travellers the use of its "Travelora

Cheques" and Letters of Credit and,

In addition, the world-wide services of its thoroughly equipped, Travel De- partment.

Affiliated with

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

C. H. BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918. -

HEAD OFFICE:

10, Des Voeux Road, Central. TONG KONG

·Capital and Surplus

Total Resources .....

over HL.$ 8,000,000.00 - over FL$30,000,000,00

Every description of Banking and Exchange business transacted.

Current and Fixed Deposit Accounts in local and for

elga currencies opened for clients.

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

KAN TONGPO,

Chief Manager.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

at

Economic Council that the view is*

1

Britain, being, an

allocated to

of the com-

For the information of visitors the following list of some of the highest points on the Island and Mainland is published:-

Island.

THE BANK OF TAIWAN, LTD. that we cannot maintain the pre-nation, is naturally affected by Malaya are given as 49,563 tons, to Beat standard of life of the popu- trade depression, and it may in- the value of $18,599,722, foreign lation in this country and that terest our oversea shareholders to importa 12,009 tens, dealera' stocks wages must come down.

know that in spite of £36,000,000 46,607 tons and port stocks 3,983 If you dare not face industrial stress and

unemployment our tons. the consequences of such a policy, national accounts have closed with

Domestic production of tin for then, after all, you can do it by deficit of £23,000,000 odd, while the whole of Malaya was 4,648

Victoria Penk the middle method of applying against this the sinking fund has tons, showing a substantial drop. tariff on the goods that the received £66,000,000 odd. On the from the January and

Signal Station February

Mt. Parker face of it, therefore, the debt has figures which were 6,562 and 5,694

Mountain Lodge When Mr. W. M. Citrine, a men-been reduced by £43,000,000 odd, tons respectively. The final ship-

even if the deficit should not be ments on ber of the Economic Advisory

ocean steamera at alt The Eyrle made up during the current finan- Malayan ports at the end of March Amoy. Popehow Council and general secretary of

the Trade Union Congress, was in-cial year.

were 6;179 tons, the January and With regard to prospects for this February figures being 7,559 and vited to comment on the speech, he said he knew of no advice which year, there appears to be a general 9,719 tons, while the foreign im Bowen Road (fikerbeds)

ports were 4,230 tons, as compared had been given to the Government impression that we have seen the by the Council as a Council' which worst of the trade depression, and, with 4,088 and 4,218 tone for Taimoshan merited such a suggestion as had as far as we are concerned, busi- January and February.

Central Bank in Formosa Bank Notes used Average amount ...Yox. 48,000,000 BRANCHES AND AGENCIES, JAPAN 1-Tokyo, Yokobaas, Kolm, Oraku. FORMOSA :-Gina, Big Earenko,

Matoos, Nanto, Bufschiku, Taichu, Takso, Tamaji, Town, Kaito, Taito. ONINA-hanghai, Hankow.

Swator, Canton.

OTKERA — Kong. Slogapore.

Bombay. Serang, Batavia, London, Nam York, Dalran

LONDON DANKERS 1

lab

Caieutia

The London Cously Westminster and Farr Bak

The Bank has Cortesponden in all the prize

Commercial Centre throughout the world.

Z. NAGURA.

BONG KONG BRANCH

Day Tan Dond O24. Hong Long, 19th January, 1929.

Manager.

workers consume."

ness seems to be improving alowly.

been made.

I heg to propose "That the re- "Moreover, the suggestion that. wages are too high would never port of the directors and the state- And acceptance at the hands of the ment of accounts for the year end- FL2LDFL16$1361/32488|BÆ631801||92|43|34|110| Labour representatives on that fed December 31, 1930, be received

|Council," he added.

COASTWISE Impromptu Speech.

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

The Newspaper Enterprise, Ltd

Chine Mall Building.

Speaking at Southport, Mr. A. 'V. Alexander expressed regret if, "In a short impromptu speech, the words he used could be construed

final and adopted, and that a dividend for the year 1930 at the jrate of 5 per cent per annum,

thei less income-tax, be paid an shares of the company on and after April 10, 1931."

Mr. D. J. Cassavetti seconded the

as implying that a report had been resolution, which was unanimously submitted to the Government by

in

the Councfin favour of tariffs as an alternative to a reduction wages."

adopted.

advise the Government on economic "That is certainly not the case," problems, and is parallel to the he said, "and there is no justifica- Committee of Imperial Defence, tion for the bpecific statement to which gives. advice on matters that affect which appeared in one affecting the fighting services. paper. I think it is common know. The Prime Minister presides, and ledge that certain economists, as the other Ministerial members are well as leaders of Industry and the Chancellor of the Exchequer, commerce, have indicated their the Lord Privy Seal, the President views, as being in that direction, |: the Board of Trade and the Non- and some of them are connected Minister., of Agriculture. with the Economic Advisory Coun-Ministerial members of the Coun- facil include leading industrialists The Economic Advisory Council and trade union and co-operative le a standing body of experts, who representatives.

PHOSFERINE

Peak Hotel Taikoo Sanatorium Mt. Davis

Mainland.

Kowloon Peak

FROM the very first day you

take PHOSFERINE you will gain new confidence, new life, new endurance. It makes you eat better, and sleep better, and you will look as fit as you feel. Phorferine is given with equally good results to the

children.

Feet.

1828

1774

1784

1725

1725

1805

1000

877

297

Feet.

3124

*1971

PHOSTERINT

PHOSFERINE

The Greatest of all Tonics for

Faintnesa Malaria

Headache

Influenca Debility

Neuralgia Indigestion Mental Exhaustion Loss of Appetite, Brain-fag Sleeplessness Maternity Weakness: Lassitude Exhaustion Weak Digestion

Neuritis

Nerve Shock Ansamia,

· Rheumatiim Selation

· Made In Liquid and Tablets, enchi sold in three nini, dos latpur olany are the more eveniémical, Prorristons : PHOSPERINE (Arnrow & Pannons), LIMITED, Lupoate. Hitz, Lumpon, Exatarsa

Agalli W, R. Laxter & Co, Hong Kong Tai 2=2133.

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