1934-06-26 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

„Authoriand Capijal

Imood and Fully Pulány man Bonare Funds

Silva $1,000,000

Becerra Liability of Proprialace $20,000,000

BEAD OFFICE, SONGIONO.

BOARD OF DIRECTORS, Bou, Nr. C. &, §. Muckia

Chairmas.

THE "CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by. Royal Charter, 1853,

HEAD OFFICE: LONDON

$30,000,000

20,000,000

Starling ....Barat

£ 4,300,000

Paid-up Capital

.£3,000,000

Reserve Fund

£3,000,000

•.

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Alor Bine

Iloilo

Tangoon

Amritsar

Ipoh

Saigon

Karet

Samarang

Klang

Seremba

Bombay

Robe

Shanghai

Calcutis Canton

Funia

Singapore

Lumpur

AIRWA

Savrupore

Kachier

Sanbaya

Caba

Mada

Talping

Colombe

Menila

Thankin

Delhi

Medan

Tonykab

Wsiphont

New Tork

(B)

burg

Harbin

Pelping

(Peking) Tenang

Zingta

Yedekpa

Jamboang

8. H. Dodwell, Eng. Deputy Chairman.

Doe. Hr. W. B. Del.

a. B. Complon, Esq.

W, J, Kaewish, Eng.

C. C. Inițăi, Žogi

ANOT

DA NG FOR MATANIA BONBAY CALCUTTA CANTON CHEFOO

COLOMBO DAIREN

FOOCHOW HAIPHONG ПАМЕСТО

HANKOW WARDIN NONOKEW ILOMO

IPCH

JDHORE

FOSE

KOWLOON

U. Minkin. Eng.

L.B. Morison, Eas.

T. E. Teaton, Esq.

V. M. Graykurm, Eaş,

Chief Minn

BRANCHES:our

LONDON

LYONS

MALACCA KANILA

NCAR (Jebers), AURDEN NEW YORK

PLIPINO

TENANG FAMIOON

KAIGON

HAN FRANCISCO

KUALA LUMPUR

NILAND HAT

SINGAPORE

FOBRADAYA

BUNGE PATANI

TIENTRIN

TORY

TSI NOTAQ

JOKONAMA

Current Accounts spered in Local Carrens

F

and Fized Deposits Fired forting sherlar perinde qupted on applisties.

in Local Company and

on terme

Hong Kong, 18th April, 1984.

Bangkok Batavia

Hankow

Hong Kout

Foreign Exchange and Cuneral Banking business Izanameled.

Current Acconta opened and Fixed DepoaŠta recstved for one year or shorter perioda så rutas which will be quoted on application,

W. IL E THOMAS,

Acting Manager. Hong Kong, 20th February, 1934.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capital

Paid-up Capital Total Resources

$11,000,000 8,655,000 92,170,402

Branches: Canton, Tofshan, Shanghaf, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.

Foreign Exchange snd Banking

HONG KONG SAVINGS BANK. business of every discription trans-

The Business of the shore Tank is rondest- d be the HONG ROSE AND SHANGHAI BANKING CORPORATION. Kulen tray be cbtained or application,

FOR THE HONG KONG AND BHANGHAI DANKING CORPORATION

Y. M. GRATBURN,

Chiat Kanker.

Blog Fong, 2016 Februatz, 1951.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Paid-up Capital

Resorte od Undivided Profit

12. D Your Bond Central

$10,000,000.00

$2,44,000.00

READ OFTICE:-DONG KONG

BOARD OF DIRECTORS: ---

Sir Shan-on Chow. Chairman.

Iron Chun. Eq.. . X. Kwok, The Wong

Reted.

Current Accounts opened and Fixed one year or Deposits received for shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manage

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries.

OUR

Tun Tmp. Em.. Chan Chine Shek. Eg A Tan located

Deposit them in

Vault

that is really: FIRE PROOF BURGLAR - PROOF

DAMP - PROOF!

SAFE DEPOSIT VAULT

on the Mezzanine Floor of

Fang, Taq. Wong Chu fon, Esq. and Ran Ting Our New building is Specially Con-

Kan Tour Pa. Fot. Piel Munnen.

The Fun, F., Maniger,

BRANCHES AND AGTEKCIA -

Worl

*telben

Yapmal

Really

Semurang Shangha Blegapore Sourabaya Swalow

AMAY

Betaria

Bombay

Catruti Canton

New York

Baljbong

Paria

Tankow

Tripine

Honolulu

Turl

Hangons

Tientalo

Rewinon Landoa

Raipon

Tokyo

San Franciun

Penang

Story

Tohoku

Tapconter Tokohama

Every demption of Banking and Banbange roine (ranted. In granted an approvač perrides,

Current Aunt

and The Depealt

whorsez perioda in

on tarm which

rent

opened in tal Carrenty

ei in ama and Porten Carteare

by guniné on application,

Bair Deposit Bowen Toms,

KAN TONG PO

Nou Tong Jat March, 1954.

Chlef Managet.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

· HEAD OFFICE: Taipeh, Formoss Incorporated by Special Imperial

Charter, 1899.

„Central Bank in Formoen

· Band. Noter bond Avaragi wmount...Yep. 45.000.000 On and after August 15th, 1933, the rate, of Interest on Special Current Deposit will be al 2% pa. on daily balance and the rate for balance over $30,000 will be quoted on applicattur. (Maximum rate-1 %).

LANDON BANKERS:

Barclays Bank, Zid. Lloyds Bank, Ltd. Midland "Ilank, Lid., Weissfumer Bank. Ind.

The Bank har Correspondents in a ale prioripat Commercial Cratace throughout the world.

E. NAGUBA.

Manage.

HONG HONG BRANCH:

Des Voeur Boad Central, Hang Tong Desember 1, 1981.

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880.

structed to provide all of these [portant Qualitles.

Ime

You may obtain a Safe Deposit Box in this most up-to-date Vault Zor your own use at a very moderate Ren- {(a).

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central,

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office:-65. Broadway, New York

Capital Surplus Reserves

$6,000,000.00

2,087,112.69 1,005,528.31

BRANCHES:-

Pripity Palermus

erdun

Rome

Amsterdam Atelwerp

Athene

Драник

Bala

Berlin

17h0 diann Exc Hamburg Haver Haidrikerg

Mesico City

Naples

Frea Paris

Bombay Breme

Ive omulets

ir

Landan

Circ

Cultulle Caut Columb

Copenhagen

F'dinburgh Mient Givusra

Idigeno Laran Marsuber

Mover Carlo Meckle

Youtu ลมด

J Training Vienna Autom Vokaliame Farinks

Liverpinal

Shanghal Southampton Singapore

Branches of American Express Com-

in Principal cities of United | pany States of America and Canada.

All classes of Commercial Banking: Transactions undertaken.

Persona I investment accounts handled,

The Company offers to fatending Travelers the use of its "Travelers Cheques" and Leitors of Credit and, in addition, the world-wide services| of its thoroughly equipped Travel Do-

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

..Yen.122,750,000

www.

Head Office:—YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Nagasaki Nagoya

Berlin

New York

Bombay

Osaka

Calcutta

Party

Canton

Pelping

Dairen (Delay)

Rangoon

Hamburg

San

Kankow

Seattle

Francisco

Harbin

Hong

Kong

Penguen (Mukdea) Rio de Janeiro

Honolulu Koinking

Semarang Shanghal

Singapore

Soerabaya Sydney

Karachi

Koba

Ticotain

London'

Los Angeles

Kanile

Tokyo Tsingtan Yingkow

!

Moj Cintura allowed on Gærent do

erioda

Depozita received for fixed erates to be whtained 'on application.

O-KISHINAMI,

-Manager,

Hong Kong.. 11th April, 1984.

C. H. BENSON,

General Manager,

THE CHINA MAIL,, TUESDAY, JUNE ÷ 26, 1934.

DEFINITE TREND LACKING.

Result Of Dullness On

Commerce and

Finance. Wall Street.

LOCAL SHARES.

TO-DAY'S QUOTATIONS, The following is the list of local share quotations issued to-day:

Banks.

H.K. Bank, $1840 B.

H.K. Bank (London), £131 n. Chartered Bank £164 n.

NEW YORK STOCK EXCHANGE.

S. E. Levy And Co. And A.0.F.C. Quotations.

New York, June 25. The following quotations from Naw York have been received by Messrs

Finance Corporation.

Mercantile Bank, A. & B. £28 p. 5. E. Levy and the American Oriental

Mercantile Bank C, £15 a. Bank of East Asia, $91 n. Am: 0. Finance Corp. Sh. $20 m2 China O. Fin. Ord., Sh. $4 n. China Q. Fin. Pref. Sh. 85 n.

Insurances.

Canton Ins., $300 m. Union Ins., $572% 64, China Underwriters, 61% n. China Fire Ins., $510 n. H.K. Fire Inc., $250 n. International Assce. $6 n.

Shipping.

Douglas, $40 n.

H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 m Indo-Chinas (Def). $53 1. Shell (Bearer), $50/- n. Union Waterboats, $11.60 b.

Mining.

Antamoks, 69 cta. n.

Balatocs, $32 b.

Bagulo Gold, 36 cts. n. Benguets, 321⁄4 n.

Benguet Exploration, 20 cls. D. Benguet Goldfield, 20 cts. n.

Big Wedge, 12 cts. n.

Gold Creek, 24 s.

Ipo Mining, $4 n.

Itogons, $7 n.

Kailan, 20/-1.

Langkate (Single) Sh. $184 n.

S'ha Exploration, Sh. $6 n. S'hat Loans, $t n.

Raubs, $144 n.

Venx: Goldfield, $7 n. Docks, etc.

H.K. Wharves, $109 n. H.K. Docks, $15 m,

S. China Motors B., $i n S. China Motors B., $8 n. Providents (old), $13⁄4% n. Providents (new), $60 ets. n. Hongkews, (old) Sh. $3224 1. Hongkews, (new) Sh. $520 n. New Engineerings, Sh. $5 n. Shanghai Docks, Sh. $131 n.

Cotton Mills.

Ewo Cottons, Sh. $11.30 n. S'hal Cottons (old), Sh. $72 n. S'hal Cottons (new), Sh. $42 n. Zoong Sings, Sh. $171⁄21⁄2 n. Wing On Textiles, Sh. $67 n.

Lands, Hotels, etc.

H. and S. Hotels, $5.85 b., $5.90

60.

H.K. Lands, $59 n. S'hai Lands, Sh. 826 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10.60 sa.

H.K. Realties, $5.30 b. Asia Realties "A", Sh. $140 n.

Chinese Estates, $82 b. China Realtles, Sh. $151⁄2 n, China Debenture, Sh. $187 n.

Public Utilities,

H.K. Tramways, $21.20 b. Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $101 n. Yaumati Ferrics, $21. C. Light (old) $8.80 ss.

C. Light (new) $8 b

H.K. Electrica, $72.65 b., $73 sa.

Macao Electrics, $25 n.

Sandakan Lights, $8 n.

Telephone (old)" $24.70 5. Telephone (new), $12b., $12.15sa. China Buses Sh. $18.20 n. S'pore Tractions, 5/- n. Singapore Pref., 16/10 n.

Industrials.

Malabon Sugars, $12. n. Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Pref.), Sh.$191⁄4¤. Canton Tees, $2.70 n. Cementa, $2.70 b., $2.70% sa. H.K. Hopes, $43⁄41⁄2 m.

Stores, etc.

Is It Insured?? Dairy Farms 261⁄2 n.

Insurance All Classes LOWEST RATES

American Asiatic Underwriters

Fet. Inc, D.BA. General Agenia

Head Offen

17, The Bund,

Shanghai.

Watsons, $5,70_n.

Der. A. Wings, $1 n. Lane, Crawforda, 64.40 n. Mackintosha, $21 n. Sinceres $9 n. Wir. Fowells, 70, cts, n. Wing On (H.E.) $100 n.

Miscellaneous.

HE. Ofice. Amusements, $4 1. Ania Life Entertainments, $71⁄21⁄2 n.

Bullding

Tel. 30234.

Job Printing

PLANINABU

POS

tel.

Nat. Distillers

Socony Vac. Un. Aircraft N.Y/London Un. Aircraft U.S. Steel ...

Last Clore Opening Noon

414 4244

BRIGHTER TRADING FORECAST

DULL TONE

CONTINUES ON

WALL STREET

Further Declines In Stocks.

SILVER PRICES FIRM

New York, To-day.

NEW ADVERTISEMENTS

T

NOTICE.

HE Publie is hereby informed that the $500. Notes of the Hong Kong & Shanghai Banking Corporation Hong Kong, of the issue dated July 1, 1930 are being freely accepted and exchanged

SPECIAL TO CHINA MATL. (ByTelegraph, Copyright, Telegra. phic Massagen Ordinance, 1894. Re ceived June 26, 3.12 a.m.)

A dull and drifting market is among the members of the Ex- New York, To-day.

forecasted in New York. Further change Bankers Association Dullness yesterday prevented.

declines in prices ocenrred yen- definite trend on Wall Street, alterday. Industriale and rails bullish were down .80 and 48 to 95.79 though some traders were

and 43.65, respectively, while uti-| regarding the outlook.

lities declined 15 to 23.61. Bonds

&

Favourable factors are the belief improved .01 to 94.73.

that trading will accelerate after

Business was at a low ebb, only

the Stock Control Commission is 490,000 shares being traded.

S. E. Levy & Co. appointed, and the excellent automò- bile export figures.

In their market report, Messrs. White, Weld and Company, New

Unfavourable factors are the de-York correspondents for Messrs. cline in retail sales and the nervous-S. E. Levy and Co. state:- ness in the steel situationUnited "Stocks:-A sharp curtailment 123 Press, per S. E. Levy and Company. In steel operations was announced to-day, which was not altogether unexpected

475

| Amèr.

Auburn

Smelt.

28

25

24

J, L. Care

51

49%

Du Pont

B9% 89

. 89

El, Bond &

Share

15

General Motors

31

31.

15% 15%

30%

Int. Tel. &

12%

12

McIntyre

48

48

Montgomery W.

27

274 27344

24

23%

25%

N.Y. Central

294

29%

20%

15%

1574

14

18% 19

39

503% 503

508

18% 19

18

40%

39%

Westinghouse

30%

BG

N.Y./London

·603% 503

503

COTTON:

Oct.

1222

1231

1228

Dec

1233 1242

1240

SILVER

Sept.

Sept.

4580 4615

4610

5675

RUBBER:-

Sept. Dec. WHEAT:

1366 13968 1380 1404

1418

Sept.

934

81%

Dec..

04%

03-4

584-

594

110b

CORN

Dec.

Sept.

BILK:- Dec.

1171 London Prices,

BUSINESS AT NEW HIGH LEVEL.

Best Figures In U.S. Since August.

DUE TO STEEL ACTIVITY

SPECIAL TO CHINA MAIL..

(By Telepraph, Copyright, Telegra phic Messages Ordinance, 1894. Re- ceived June 26, 8.12 a.m.)

Washington, To-day.

PUBLIC AUCTION.

THE

HE Undersigned have received instructions to sell by Public

Auction

אם

Friday, the 29th. June, 1934,

commencing at 11 am

at their Sales Room,

4. Duddell Street.

7 Cases of Rubber Shoes

1 Case Straw Hats

and

A Quantity of Household Furni

Goods, etc.

as recent operating: rates had anticipated strike posture, Show Cases and Sundry Įsibilities, which have not been

Terms: Cash on Delivery. realised. We continue to antici-

LAMMERT BROS., pate a dull and drifting market, with occasional weak spells, dur-

Auctioneers Hong Kong, 26th June, 1934. {ing which we would resume ac-

cumulation.

"Bands --Both high and low grades were easier throughout the day. The low grades will not; do any better until the tura of the stock market.

LOCAL DOLLAR STEADY.

Further Silver Advance.

"Cotton:-The market is frm on renewed local and speculative buying, reports that the crop in

of further 1/51⁄4

The local dollar remains steady,

The Federal Trade Commission Texas has been damaged and also opening on demand this morning at has reported that business na-unconfirmed rumours

Spot and forward silver have

67% tion has risen to a new high mark purchases of cotton for relief pur-

8 since last August's speculative poses. Purchases are recommended made a further advance of 1/16,

The following quotations from Lon- don were received last night between

the hours of 9 pm, and 11 p.m.

Last Price

London Silver-Spot 20-5/16 China and America sold.

boom, with the May index at 87 on minor recessions. per ceni. of the 1923-1925 average.

"Silver: Prices are firm. The closing prices yesterday being 2014

and 20 7/16, respectively. spread between nearby and dia. This is mainly due to higher tant options has widened consi-

The London on New York cross- ctivity in the steel mills, increas-derably during the past week, in-rate, which closed on Saturday at ed construction, and improvement dicating that traders and specula-U.S.85.08%, closed yesterday at in the Petroleum industry.

The

on London

rate closed

at

tors anticipate higher levels dur US$6.03%, while the New York The may index is compared with ing the next few months. Forward 20-3/8 India and specula-86 in April, 72 in November, and public ta inactive on account of U.S.$5.03, os agalost £-U.5.35.-

03% on Saturday. 31 in August-United Press, per the silver tax. rate S. E. Levy and Company.

Stendy. tors bought.

London Gold—138/1.

London/New York-2 p.m.

15.03-9/16.

Liverpool

4/8-5/8.

Wheat-July-1 p.th.

Liverpool Cotton-July-1 n.m. 6.44.|

London Rubber-July/Sept. Open- $500 NOTES AND EXCHANGE ing 0-5/8 buyers. 6-11/16 sellers,

Lart Record

London Silver-Spot 20-3/8 China and America sold.

London Gold—138/1.

London/New York-2

B..

raic

5.03-7/10..

Liverpool Wheat July-1 4/8-1/4.

BANKERS ASSOCIATED

EXCHANGES.

"Rubber:--The market is quiet; and steady, Trading was princi-} pally confoed to local interests. We continue to recommend pur

probable chases, anticipating a

TO-DAY'S QUOTATIONS upward awing very shortly.

"Wheat:---Prices are lower on On London...

of rain in

which

The Public is hereby informed disappointing cables Forward 20-7/16 Inilla and specula-that the $500 notes of the Hong Europe and Australia, tors bought. Steady.

Kong and Shanghai Banking Cor caused liquidation,

"Corn: The market poration, Hong Kong, of the issue dated July 1, 1930, are being free-in sympathy with the wheat mar-

ket"-Reuter. p.m. ly accepted and exchanged among

E. A. Pierce Co.'s Comment the members of the Exchange Ban-

Mesera. E. A. Pierce and Com-1 pany, New York correspondents for the American Oriental Finance Cor- poration, state:-

Liverpool Catton-July-1 n.m. 6,60,

London Rubber-July/Sept. Open: kers Association. ing 4-5/8 buyera, 6-3/4" sellers.

LATEST QUOTATIONS

New York, Yesterday,

On T.T. and demand 1/51⁄4 4 months' sight... 1/5% Credits 4 months'

sight

1/6

is easier

On New York-- ́

On demand

36%

Credits 60 days'

sight

37%

On Paris-

On 'demand

54774

Credits 4 months"

sight

580

(Continued on Page 7)

The following quotations have been received by Messrs. S. E. "REACTION IS ONLY

Levy and Co., & the A.0.F.C.

New York Cotton:

W

July October December

January

September October

June 23.

June 18.

Closing

11.94/94

12.22/22

12.33/33

12.38/88

March

May (1935)

Épot

12.49/49 12.59/59 12.16

Opening Closing Changes

0.19 up 12.02/02 12.12/18 12.31/31 12.40/42 0.20 '12.41/52 12.50/51 0.18 12.47/47 12.56/56 0.18 12.58/58 12.66/68 0.19 12.76/76 0.17 12.66/66

12.35

19

"

-

0.20

"

New York Silver:

July

13.88B 13.65/65 13.66/66 13.28/96 13.80/80 unquoted

14.02/04

14.30/32

14.12/12

unquated

45.40/40 45.45/65 45.37/45

0.05 up 45.65/80 45.80/91 45.90/00 0.20 45.80/80 unquoted 46.35/15 0.35 46.15/16 46.60/68 46.45/65 0.50 17 46.35/35 46.70/76 46.97/97 0.02 48.75/75 40.50/50 47.62/62 0.87

190 contracts

Possible mutilation

13.55 Bld

.17 up 13,83/83 J17 13.96/56 .16 19 14.20/20 .16 14,35/30 ,24 21

"

•

H

*

12

14.36B

14.56 Bid

December

January March

Total sales:-45 contracts

New York Rubber:

July

* September October

December

January

March

Total sales:--937 contracts

New York Silk:

July

September

14,55/56 21 +

298 contracts

1.11 1.11 02 down

1.15 1.18.02

1.18 1.18

1.17 1.17

October

December

1.17 1.18 1.17

1.15

1.17%

1.16.012 1.16% 1.16 01

Winnipeg Wheat:

July

*76%

% down

78% 80

6

19

October December

Chicago Wheat:

July

September

December

77% 79 80%

9254/92% 911/91% 30%/90% 2% ddwn 98%/98% 92/92% 91/91% 2% 94%/94%.94%/90% 921⁄43⁄41⁄44/921⁄4·2% Total sales:-38,000,000 bushels New York Sugar:

July September .. December Bonda|Chicago Corns ·

- 6.C, Enterprises, $1 n.

United Theatres, 8h. $2 n. Macao “Greyhounds,” #2 n. Constructions (old) $1.65 n. Constructions (new) 70 cts. b. Ch. Govt. 5% 1925 G.

*874% 1. HK-Govt

Loans,

prem, b. Wallace Harpers, $8 n. Gold River, 24 eta, b.

1.65 1,73 1.81

1.64 1.70 1.80

-.01 down

.03

01

58%/687% 584/58% 88%/581⁄4• 1⁄4 down: December"...", : 59%/591⁄4% -59/691⁄4 591⁄470%!

. Saptember

Metals:

NY Copper, Oct. *** 7.34 N.X. Tin,

50.56

758

TEMPORARY."

Experts' Views On U.S. Market.

SPECIAL TO CHINA 'MAIL (By_Telegraph, Copyright, Telegra whic Meanapea Ordinance, 1801. Be ceived June 28, 8.12 a.m.)

New York, To-day.

On India-

On T.T. and demand 95%

On Shanghai-

On demand

On demand

10934

On Japan:-

On demand

120

On Manila-

72

On Singapore--

On demand

611⁄4

On Batavia-

On demand

53%

On Saigon-

On demand

54%

On : Bangkok---

'On demand

129

1/5%

The well-known economist, Mr. Roger Ward Babson, declares: "We Sovereigns bank buy- regard the present time as a period

ing rate of accumulation for the next phase Bar Silver, per oz. ... 20%

of the bull market. Buy stocks now Bar Silver in Hong rather than in more active marketa "Kong

later."

Copper Cash

The "Brookmire" journal states: Copper Centa

TONG.

... nom.

1% prem [“The current business reaction is Rate of Native Interest 3% pa.

only temporary-United Press, per Chinese Bub, Coln .......... 31% dis S. E. Levy and Company.

Hong Kong Sub. Coln par.

S. E. Levy & Co.

UNDERWRITERS · AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK

7'ICE HOUSE STREET, HONG KONG

80101 and 80103

Address: Balco