1931-07-28 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Avised Caplis, 858,000,000 Zoomed and Fully Paid-upu. 890,006,090 Bestre Funda sun

Ματίας του.

··

£4,500,606 $10,000,00

Konarea Idadiy it Propelatore - $39,069,006 UZAL OFFICE, HONG KONG.

BOARD OF DIRETORT-

Hon. Mr. . 0. . Kokte Chairman.

Hou. Mr. J. J. Peterson, Deputy Chalman.

Man, Mr. . H. Hall T. B. Pons, Boy, A. #. Compton, Esq. J. A. Plummer. Kaq.

D. Lunder Lewis, Esq. T. II. 2. Thaw, Ea

*. Kukin, Mag

ANDR

SANUKUM

BATAVIA,

BOMBAY

DALCUTTE CANTUN

OUL YOU TNT)

DAIBEN YOOCHUN.

J. P. War, Tag.

Quit Manager,

V. . Grayburn, Tag,

KAIPHONG

GAMBUNG

TLANKOW

MAKEIN HONUKEW

KAMLO

POH

JOHORK

Kolsk

KOWLOON

BRANCHE:-

KLALA LUATOR

LONDOR

LYON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.. Incorporated by Royal Charter,' 1863.

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE;—SINGAPORE Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital, Straits $20,000,000 8,000,000 £3,000,000 Issued Capital...

4,000,000 (£4,000,000 | Paid-up Capital. ... Reserva Liabilities £3,000,000!

HEAD OFFICE: LONDON. Paid-up Capital Reservo Fund Reserve Liability of Pro

priators

agencies and Branches:

KUALA LUMPUR

ALUR STAR

(Malay Blaiss

AURITSAB BANGKOK BATAVIA DOMDAY

CALOUTTA DANTON CAWNFORE DEBU

COLOMBO

DAIZEN (Delay

South Manchuria)

JIAIPHONG

DELBI

HAMBURG

HANKOW

KUGHING

MADRAS

MANILA

MEDAN

NEW YORK

FEXING

PENANO RANGOON

BAIGON

БЕНАЛЬНО SERENBAN

GRANGHAI

Я КОДРОНЕ

HARMIN

(N. Manchurai'

HÙNG FON

110110

BITIAWAN

DOURABAYA

TAVOT

ТІККІЯТН

TASPING (P.M.S.)

MALACCA

MANILA

HUAB (Jobbm

[POL

TOKYO

KARACHI

TONDEA (Bhưket!

KLAND

TNINGTAO

ХОКОПАМА

KUALA KANGSAR

ZAMBOANGA (Pallippine

lande) Gozorai

MUKDEN

NEW YORK

PSIPINO

PENANO

RANGUIN

BAION

SAN FRANCIS

HEANGELA BINGAPORE, BOGHADA YA 8UNGEI PATA N TIKNASIN

TOXIC

THINOTAU YOKOHAMA

Current Amounts opened in Local Currency. Fited Deposita sia for a 2012 DE saster periods in Loop Curranty and Beeting 14 term which will be quoted at apyllosti. Doug Kong, Yes Pabruary, 1981.

HONG KONG SAVINGS BANK,

The Barizes of the store Bank is bundust

wl by the WING KONG AND BANDHAT Bule may be BANKING COUPORATION,

obtained on application

FOR THE LONGEON, AND BILANGITAL

BEING CORPORATION.

V. KORAYBURN,

Hong Kong, 10th July, 1980,

Cha MT-

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96. Doulevard Husemann, Paris.

Subscribed Capital .Frs. 72,000,000,00 Paid-Up Capital...Frs. 08,400,000.00 Reserve Funds ....Frs.102,000,000.00

FOUB

(Pera FX.8.3

Foreign Exchange and Banking business transacted.

Current Accounts opened and Fix-

ed Deposits received for 1 year or

which will! shorter periods at rates

be quoted on application,

J. STUART,

Acting Manager.

Hong Kong, 28th May, 1931.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital Surplus and

Undivided Profits ..U.S.$220,037,392

Branches in-

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

PANAMA

BEXICO

PERU

CHINA

PHILIPPINE

COLOMBIA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

CUBA

INDIA ITALY JAPAN

ISLANDS

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers' Choques, Bills of Exchange and Cable Transfers Current accounts bought and sold. and Savings Bank accounts opened and Fixed Deposits in local and for- eign currencies taken at rates that ascertained on application to may be the Bank. Tourane

BRANCHES: Bangkok Hong Kong Quinhen

Saigon Battambang Due

Shanghai Mengtro Canton Nam-lah Singapore

Thanh Numer

Tientsin

Fort-Bayard Papeate

Djibouti

Haiphong

Teking

Hankow Pnoms-Peah Vinh

Fondichery Yunnanfu BANKERS:

Hanol

We are also able to offer our Cui-

tomors the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and

of Stareholders Surplus

M

4,000,000

2,687,000

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

Every description of Banking and. Exchange business transacted.

TAN ENG HOOI,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

„SELAREYANDI TRADING 'BOCIETY)

BANKESA

Commerce

Finance

and

CHANGES IN PRICE EXPORT CREDITS FOR

LEVEL.

Effects of Major Movements.

SHIPBUILDING.

The Withdrawal of Facilities Urged.

TUESDAY, JULY 28, 1931.

AMERICAN POLICY ON

FORCED LABOUR.

DISPERSION OF PRICES.

Nor Any Others of the Producers' Income and

U.S. Needs Them.

MALAYA'S POSITION.

Working Costs.

ܐ܂

WIDE-DIVERGENCES.

base,

It was obvious that a monstrous! Measuring from 1919 as error had crept into the widely the Financial Times dispersion published report from New York figure for May is 41.2, absolute. that the proposal of the Tariff Com Disperson over the past 12 months mission for the exclusion from the was 28.9, while between April and United States of products of con- May it reached the unusually high viet or slave or forced labour would level of 6.29.

a matter

put a stop to importation of rub- This last figure shows that in- ber from British Malaya, says dividual prices were still very The International Shipping Con- Truth. No such labour is employed unstable, as indeed they have been The speed and the direction of forence in London conaldered the in British Malaya.

during most of the current year. Manager, price changes, and not the point at question of the provision or appli- The official correction of the re- This shows that the stability of the

which these changes began, are the cation of Government export credits port from Washington is extremely average price-level during Febru most fitting subjects for students to the building or sale of merchant interesting. It is acknowledged, ary, March and April was to some of chance, in- Clearly what tonnage. The conference, repre- that rubber from the Dutch East, extent of the price level. matters is not what prices were in sents "practically the whole of the Indies might be shut out on the dividual price movements then. 1913 or 1924, but the way in which merchant tonnage of the world, its ground that Indentured labour cancelling each other. In May, on they have moved in the meantime, membership controlling 62.080,000 under penal sanctions is used, but the other hand, they all pulled the states the June issue of the West-gross tons out of the total of as this would give a monopoly to same way, with the result that 69,608,000 gross tons of world ton, British Malaya no such step is con- there was a sudden and heavy fall Broadly, the effects of a moving unge, or, say, 90 per cent.

in the general price-lavel. templated. price level fall into two classes, ac- A resolution was unanimously, The existing law provides, in 10 Per Cent. Below Pre-War. cording as they are short-dated or adopted, and the British members fact, that products of convict, This was large enough to bring long-dated. Industry, for all the were asked, in communicating this slave, or forced labour ara admis prices down definitely strictures it auffers in times like to the British Government, to point sible if not produced in the United lower plane of nearly 10 per cent. of out that the meeting was convinced States in sufficient quantities to below pre-war and so it is of in- the present, is not a form

terest to soG highly organised that if Great Britain refrains from meet American needs. anarchy, but a

how raw materials, In other words, the humanitarian semi-finished materials and finished djmaal, Bandona". Bombur system. When prices begin to rise, applying such credits either for alerts, The Lagu Jade those who make it their business building or sale, other countries objection becomes effective only goods stood in relation to ench Kela-Badja, Makasar, Medan, Padang | to estimate public demand in would also refrain, but that if Great when it will not involve any loss other. Making first the compari- Palazbegg Pekalongan. Panask Poavisock, Bana Rostada, various trades, and to place orders Britain permits such application or difficulty in procuring goods!

Kutablished 1804.

«« og D-11, khan's Bood Cantil. Authoriand Ospital Unfidere 146,002,SED

(5,100,000,1 Quzidazu 80,080,00 (60) 350 Gulders 40,016,000

Cal-Up Depi

| Késsers Fund,

Head Offen --AMSTERDAM” Eastern Bad Dhon-HATAVIA.

BRANCHES

Calute, Chadban, Tinasher, Link

Saumaug", Shanghai, givels

minster Bank Review.

+

(Bumius), Bingapore Brewhose execution may occupy any-for either purpose other countries Soerakarta (Bela). Tugal. Tikjapathing from a few weeks to some would follow salt. The resolution low to the nearest hundred tons:

Wallarredin.

* The offom bara sila deposit boxes to let. London Bankers-National Provincial Bank Ltd. Correspondeat all over the warld

Banking businen of every description iransacled.

4. STUKKINA,

Fox Kong, th Augum, 1980.

Manikgu.

THE BANK OF CHINA.

二行銀國中

erament as an

BANK.

years, foresee that time is fighting was as follows:

on their side. They are, in fact, "This meeting is convinced that offered the prospect of buying their the application of Government ex- materials at one range of values. port credits to the building or sale. and in due course of disposing of of merchant ships, irrespective of, finished goods and services at an-the status or nationality of the other and higher range.

buyer, would be against the in- The ineradicable human appetite terests of all those engaged in the for as much as possible of a good shipping industry, ownera, musters,' thing causes orders to be increased officers and men and others asso- to a maximum extent, the wheels ciated with it, and, against the of industry spin faster, and in ultimate interest of those engaged

to institute

tons.

1922-23: .-

390,800

1928-24:

824,400

1924-25:

378,800

1925-26:

866,400

1926-27:

414,100

1927-28:

454,100

1928-29:

869,200

1920-30:

$36,400

1980-81:

287,500

The supply of paddy to the mills

on to a

son with 1913, by May last "raw" materials had fallen by 29.9 per cent. and semi-finished materials by 13.1 per cent. Finished goods were still 13.8 per cent. above 1913. To round off the pic- ture it should be added that whole- sale food prices were practically at their pre-war level, retail food prices 29 per cent. above pre-war. and the "cost of living" 47 per 'cent. above pre-war.

!

Post Year's Changes,

in Bangkok, too, showed a falling- Taking September, 1929, as the

creasing profits are reflected in In the shipbuilding industry. 'off by some 24 per cent. as compared beginning of the present big de- Reorganised October 26, 1928, under higher ordinary share values on special charter of The National Goythe Stock Exchange. This appar-suck facilities hereafter by any last year, being only 240,325 coyans,'

"The granting or application of with the corresponding period of pression, since then raw materiala had fallen by no less than 42.2 per ently beneficial effect of a moder-country would compel other ship against 314,450 coyans.

cent-that is by over two-fifths ofˆ- - INTERNATIONAL EXCHANGE

their original prices. Semi- ate rise in prices has not in-owning or shipbuilding countries

The causes of this decline, 'un-' $26,000,000.00 frequently resulted in a plea that.

or apply similar doubtedly, are an excess of supply manufactured materials had fallen $24,710,200.00 such a rise should be stimulated by credits, to the detriment of ship over demand and the general trade by 37.6 per cent., or by nearly as 3,320,603.32 deliberate, if somewhat artificial, ping and ultimately shipbuilding depression which has now hit Siam much, but finished goods by only

means. Unfortunately, experience and at the expense and risk of tax- severely. soon shows that its longer-dated payers in all countries." effects are very different from its short-period results.

Subscribed Capital

·Paid-Up Capital Reserve Funds

HEAD OFFICE: SHANGHAI. ·

HONG KONG BRANCH:

4, Queen's 'Road, Central

Restricted Benefits.

Transfers Opposed.

During the past So far as Slam rice is 11.5 per cent.

year raw materials had fallen by concerned, the excess of supply is

32.6 per cent., "serais" by 26.8 per due to two causes:

(1) Bumper crops in other rice- cent, and finished goods by 8.1 per growing countries, and

(2) High price of Siam rice.

Malaya Prefers Siamese..

cent.

Thus the old and well-establish- ed lesson remains. In times of de-

d'Escompte de Paris; Credit Lyonnais; also of The National City Bank of clients special facilities for domestic course of industry and trade many transfer of British shipa to another of worldwide trade. depression and goods are held up by the rigidity

IN FRANCE: Comptoir National Bangos de Paris et des Pays-la: Credit Industriel et Commercial; Su- ci Generale.

AN LONDON: The National Provin-.

& Union Bank of England, Ltd.: Comptoir Nations d'Escompta de Parts; Credit Lyonnais,

IN NEW YORK: J. P. Morgan & Co French American Banking Cor poranon; 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 transnsted Safe Deposit Boxes to lot.

A. BONNAUD,

Hong Kong, 1st May, 1931.

New York (Franco), S.A., in Paris and Nice.

F. McD. COURTNEY,

Manager. Hong Kong, June 18, 1981.

THE AMERICAN EXPRESS COMPANY, INC.

Head Beo: 65, Broadway, New York.

Manager.

Capital Surplus Hosarves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1889.

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

Head Office-YOKOHAMA

Branches and Agencies at:

Alexandria Batavia

Berlin

Bombay

Dalcutta

Canton

Changchan

Nagasakl Nagoya Newchwang New York Osaka

*Paris

Peiping Rangoon Fengtien (Mukden) Rio de Janeiro

Dairen (Dalny)

Hamburg

Kankow

Harbin Hong Kong

Honolulu

Kai Yuen

Karachi

Kabe

Landon

San Francisco Seattle Semarang Samonoseki

Singapore

Socrabaya Sydney Tientsin Tokyo Tsingtau Interest allowed on Current A6 coronta

Los Angeles

Deposits received for fixed periods at rates to be obtained on application.

A. MORE

"Manager.

Hong Kong, 18th July, "1981,"

Adam Antwan

and foreign hanking and exchanges.

abroad.

SHOU J. CHEN,

Hong Kong, 6th March, 1921.

The Chamber of Shipping states that the question is of immediate Before the rise has gone very far importance to this country in that; Owing to our numerous branches in it is discovered that the benefits it has been suggested that the China, and large connections in the im apply to one section of the com- British Government should provide It was stated in a previous num pression raw materials always fall portant commercial centras of the

In the ordinary export credits to facilitato the ber of The Record that, at a time the most, while prices of finished world, we are able to extend to our munity only.

contracts must necessarily be made fing.

In a market with a poor purchasing of all items in their cost of produc We also handle the issue of Bonds for long periods. What is known and, other Public Funds of the Chin

"The Chamber," it is stated, "has power, low price rather than quality tion other than the cost of the Dad Government both at home and as fixed capital-comprising indus already made it clear to the Board, was likely to be the deciding factor, original raw material. The fact trial assots of relatively long life, of Trade that it could be no party This belief was confirmed by the that in comparison with £100 pre- such as land, buildings, plant, ete to any action of this kind; it holds findings of the Mission headed by war all-round producers of raw Manager.is in the main provided by large that there is no justification for H.R.H. the Minister of Commerce materials can to-day only get £70 and small capitalists, who contract applying the credit of the public, and Communications in the course for their output and have to pay. for a fixed return, in money, over for that purpose, whether the of its recent tour of Far Eastern £114 for their finished goods and a lengthy period.'

transfer be to a Government or countries,

£147 for the cost of living of them- chief com- for the It is quickly evident that the whoever that Government or person plaint which the. Mission reselves and their employees illus- gains made by that portion of the may be, and that the shipping in-ceived

us not the ques- trates in a crude but effective way community

dustry would regard it as against tion of quality but of price. In the difficulties and losses with variable have been obtained at the the vital maritime interests of this Eastern markets, at least, Siam rice, which they are faced. It is also price of the impoverishment of an-

country.

is still regard as superior to Burma one of the major causes of the con-

This-is-tinuance of the depression. other section whose income is fixed.

"The special difficulty in which and Indo-China" rice.

dispersion figures are capital shipping finds itself to-day is due proved by the fact that in foreign! These Consequently, long-term Canton Skuggal, Bankow, Seals. becomes dearer, and, if the move to the policy of other States in markets there has been a good deal based on the price of 75 commodi- Gangkak. Na-Zork and Ben Froment is prolonged, may become making lavish grants of public of mixing of other grains with ties.

sufficiently costly to impede fur ther industrial development and

marked contrast, British shipping bourers working in the tin mines Have Rheumatism and Sciatick bring the whole movement to standstill. Wage increases tend to

has been left to struggle under the in British Malaya always prefer lag behind the rise in prices, so full burden of the crushing taxa-Siam rice, and that it is only dur- that labour, in

THE BANK OF CANTON, LTD. Established 1912.

Head Office-Hong Kong,

Authorised Capal (HE. Currency) $13,000,000 Pald-Up Capital on nime

8,865,000 Best Fund we

1,100,000 BRANCHLES (

:U.S.$6,000,000 .U.S.$1,572,454 .U.S.$1,308.209

HRANCHES-

N Kepler Pra Parla Iwasag Jabing Peterso

.in

Lacom Utango. ELAYA Hamburg Sarto Interlaken Jerusalem Lido

Albour

Elec

Barbe

Bremen

Bruzesta

Leaden

Noor Air

Averpool

Cairo

Довго

Calcula Catice Celeb

Lupano

Marmolas House

Kyalsh Mantrees

Dorianinopla

L'aperbaga Edinburg's Flowe Users

مجازی

Botlardan

Borde Bambol Shaghai Benthampton Bagapo Si, Koch Tianlain

Vanna

Vruck Fikchama Berich

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

All classes of Commercial Banking Transactions undertaken.

investment

Persocial handled

partmant.

Affiliated with

accounts

|

CORRESPONDENTS

LONDON BANKERS |—

The Lord's Bar, Limitet

principal alties at ibe World.

Porsien utangs and banking businen

description transacted.

***

Ents Deposit Bazen (farious slæen) as a pearls cated of from 82 19 340.

LOOK POONG SHAN,

whose

income is

2

money to build and run vessels Siam rice for sale as the latter, and under the national flag, while, in also by the fact that Chinese la-

A Common Origin 7 predn

The symptoms of rheumatism and

its turn, discovers tion borne by other industries, but ing a period of trade depression Chief Manager in the end that many of the alleged subjected to discriminatory logis- that they turn to Burma rice, which setation, being in some respects simi-

gains from rising illusory.

THE BANK OF TAIWAN, LTD. {TAIWAN GINKO.)

■+

HEAD OFFICE:-Talpeh, Formosa

Incorporated by Special Iniperial Charter, 1899.

Central Bank in Formossi

prices

Are

lation, which imposed a heavier is cheaper..

An opposite, but even more en- events barrassing, sequence of

The occurs when prices fall.

de- volume of industrial orders (cline, those concerned tending to withhold their commitments along! the whole line of production from. raw materials to finished articles,

Bank-Notes sorusd Average amount an. 1,000,000 on the ground that the longer they

BRANCHES AND' AGENCIES: ZAPAM —Tokyo, Yokohama, Kobe, Osaka, FORMOSA -Olean,

Esalcas, Bagi Karenko, Mekong bio, Balachits. Talabu, Tat Tako, Tamui, Toom, Halto, Taila OHINA :—dhanghal, ↑ Bankow, Amos,

Bestow. Gacion GIFLED-long Kong. Blagspore, Sourabaya,

marang Baterie, Bombaj..

losses with profita."

lar, often lead sufferers to confuse one burden of excess profits duty than No fair comparison of prices is ailment with the other. any other industry by partially de-possible as qualities are not exact- Chiefly the difference lies in the fact priving it of the right to averagely the same, but the following quo- that, rhoumatism usually settles in the muscular tissues whilst in solaties the tations will give the reader some poisons attack the sciatic nerve that Idea of how prices are ruling be run up through the thigh to the hip. tween Stam and Burma and French But though there are these differ- Indo-China. The latest available ences, the fundamental causes. are the sambition of the blood and impure quotations on the Singapore Market condition of the blood. were as follows:"

SIAMESE RICE.

Severe Fall in Prices.

delay their purchases the lower will be the price at which they will eventually be able to affect them. On the Stock Exchange, ordin- Devils, ary shares tend to fall on account export season (December 1980-

Fooohow.

Love New York, Balces

„LONDON" BANKRDS;

Commercial Centres throughout the world, y

E. NAGURA,

3D V Host C

The Bank has Correspondants be all the principal

Hong Kong, 12à Jumuary, 1990

THE CHASE NATIONAL BANK, KONO BRANDRI

Over G$2,600,000,000

C. E. BENSON;

General Manager.

The first quarter

of the present

Best Siam rice ... Best Indo-China rice Beat Burma rice.. Chiness merchants in

of the inactivity of Industry, while January and February 1931) was

Price per 40 Plcule

$220 $125

$114

When the blood is thin and scanty. the whole functional. system of the body is deranged. The nerves are weakened and the digestion is impair ed. This nervous and digestiva de- ringement is the cause of stomach acidity (often unsuspected); and is the The Company offere to intending

our prin-source of the neid poisons which, in the blood, Travellers the use of its "Travelers

or the sciatic Cheques and Letters of Credit and,

set up the rheumatic. in addition, the world-wide services of its thoroughly equipped Travel De-The Lauder Grunty Weiminate and Fur's Bank. bonds, debentures and preference characterised by a further severe cipal markets assert that, with pre- when they accumulate

shares may also decline if in- fall in the price of rice, states The sent quality but at competitive conditions.

aeld medicines that neutralite but do to the Record, the official publication of prices, Slam rice would be the first External applications, diets, anti- sidious doubts arise as

not check the continuous internal ability of borrowers to meet their the Siamese Minister of Commerca. in demand.

Competitive Quality. Imanufacture of the seid poisons-can obligations. Labour is loth to The doubt expressed in the last submit to reductions in money number of the The Record, as to The foregoing remarks on the give only temporary rellef, as many The only successful treatment is wages, despite the argument that, whether prices of paddy, though de question of price must not lead one people have found. thanks to lower prices, their loan lining 100 per cent. since Septem to believe that there is no more one that goes to the root of the is purely nominal. Finally, as er, had yet reached rock-bottom, room for improvement In the trouble and Independently increases, every country is bound to every turned out to be only too true. quality of our rice, and one enriches and purifies the blood stream. The quantity exported also does must not forget that our This is the manner in which Dr. Willams Pink Pills. have successfully other by many economic ties, price

combated rheumatic and similar all- movements within its borders, if not compare favourably with the competitore are not blind to

the great advantage of better ments in thousands of cases. A case AGE INVITED TO INSPECT OUR unaccompanied by equal movements 1gures for the last nine years.

in other countries, must set up Khao Na Suan padl averaged quality. In fact the Gocong and in point is that of Mrs. T. Dunboy, numerous external as well as in-Baht 5087 per coyan in thi juarter Baclieu varieties grown at the Ex of 544, Whittier Avenue, USA, who plication both vilmonts She ternal stresses, varying in Intensity under view as compared with perimental Station at Cantho in fention and roller mom come according to the extent to which Baht 89.73 in the previous quarter, Cochin-China, are striking avid writest the country is out of step with the and Baht 89,08 in the correspondences of how scientific knowledge No one will over know how much Sharp pains that came without wart- Ving quarter of last year. can help to improve the grain. suffered from sciatic rheumatism. The price of the best White Rice Burma rice does not enjoy a high re-ing in my hip, and ran down my thigh averaged Baht 7.86 in the quarter putation as regards quality, but were almost unbearable. My hands- ooks like under, review.

view, as compared with Burma has not neglected the sclenti-wors swollen and core and finally I Baht 9.81 In the previous, quarter, fic side of her cultivation. She has, was confined to bod where I suffered agonies for four months. Then I Bud Baht 11.77 in the correspond an extensive scheme of develop heard that Dr. Williams, Pink Pills ing quar ofilast year.

ment, and experimental stations are and cured a case similar to my own

THE BANK OF EAST ASIA, LTD.

Etablished 1918 30

~ HEAD" OFFICE PAREN

10. Des Voeux Road, Central,

AHONG. KONGRE

bolove over H.$ 8,000,000.00 Over $30,000,000.09

YOU

STOCK OF ASIATIC FOREIGN AND COLONIAL

POSTAGE STAMPS

IN SETS, SINGLE FACKETS,: - BAGS AND IN APPROVAL

SHEETE.

GRACA &

others.

of rice during the first being extended to different parts and I took them myself. After the

the country, and are doing much fourth bottle was able to get up, and as I continued the treatment (my/ matter of fact, troubles gradually disappeared. It

arma, rice were not for Dr Williama!

Mill I do not belleve:13)

Swalked again,Gal

Dr. Willma Pink able from all chemic