1934-07-25 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised. Capital geomsmesmo. (30,000,000 Insed and Fully Paid-up. 30,000,000 "Essarra Funda --

Berling

Biler.....

£8,500.000 $10,000,000

Beer Liability of Proprietor,000,000

HEAD OFFICE: HONGKONG,*

BOARD OF DIRECTORA

lien, Mr. C. G. 8. Muckin Chairman,

8. l. Dodwell, B.

. Deputy Chairman.

Man. Str. W. I. Bol,

A. II. Comptos, Eng. WUJ, Kourion, Esq. D. C. Knight, Eng.

ANOT

BANGKOK BATAVIA EUNDAY CALUUTTA

CANTON CHEVOU OULOMB

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

.£8,000,000 .£8,000,000

Reserve Liability of Pro-

prietors

.£3,000,00€

Agencies and Branches:

Aloe Ber

Ilolln

Rangoon

Amoriteng

[poh

Kalyan

Bangkok

Karachi

fermatang

4. Miskin, Baq.

Delavia

Klang

Beremban

H. 8. Morrison, Esq.

Bombay

Kobe

-Shanghai

Calcutta

Kusia

Bloga pore

Caslon

Lauper

Ellawan

Cawnpore

Rucking

Raurabaya

Cabu

Badema

Taiping

Colomb

Merila

Tiratain

Dabi

Medan

Tongkah

Weipbox

New York

(Thuker)

Peping

Tinglao

Pekings

Yokohama

Ресид

Zamboanga

T. E. Paron, Esq.

V. M. Graybarn, Beg

Chalaf Singapor

· BRANCHES:-

LONDON

LYDAS MALACUA JEAN LA

MUAIL (Jabora)

BURDEN

NEW YORK

TEIPIRO

PENAND

BASDOON

DACHEN

POOCHOW

BAITUONO

MAN PRANO1800

HAMBURG HANKOW KLASBEN HUNOKEW

LPOH

KIUGRE

KODE

KOWLOON

SAKION

KUALA LUMPUN

MANGIAL

SINGAPORE

COURABAYA

SUNGE PATANI TIES TRIN

TOKYO

TSINGTAO YOKOHAMA

Current Accounts opened in Local Currency

and Deposite received for one fear of shoesat perol in Local Cousing and Sterling on to which will be quased on appilation. Hong Kong, tak April, 1994.

Herburg

Hankow Harbin Hoga Kong

Foreign Exchange and, General Banking” busloma iemancied.

Current Ascounts opasan Pized Deposita; zeoalted for one year or shortat pardodu at materi which will be quoted on application.

W. H. 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

Tetal Resources

$11,000,000 8,655,000 32,170,492

Branchen: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription, trans-

- HONG KONG SAVINGS BANK. ed.

The Busines of the above Bank ie cunduct

ed by the LONG KONG AND MANUAL BANKING CORPORATION.

abtained on application.

Halon any, ba

FOR THE DONG KONG AND SHANGHAI BANKING CORPORATION

V. M. DRAYBURN,

Chiet Manager.

Hooy Roug. 20: Pebruary, 1934.

THE BANK OF EAST ASIA, LTD.

Authorland Capital

$10,000,000,00

... B.FOR.COM

Paid-up Capital Board Undivided Profile $2,714,000,00

READ OFFIC. SONO KOND

4. De Vous Road Central,

BOARD OF DIRECTO BA :- Sir Shop on Chow, Chelmu

Li Roos Chua, Esq., P. R. Eh, Eng., Your Tun Tong, Fag., Cher Ghibe Khak, Exy. Li Lan Baag. F4. Wong Chu Son. Faq. and Kan Ying Po. Peq.

Kan Toug To. Exp.. Clasf Munger,

12 Tea Foug. Erqi. Manager.

BRANCHES AND AGENCIES --

Stella

Melbourne

Napki

Eraltie

Semarang theaghai.. Hingapore

Amoy

Blaturi

Bombay

Calcutta

New York

Canton

Oska

Soutstaye

Haiphong

Fas

Swatow

[Tachay

Pelping

to tuls

T'etapa

Taibokn

Zobe

Rangoon

Ilenwia

Xowicon

Balgon

Tokyo

Ban Francisco

Vaccouver

Yokohama

London

Every descriptio

buster KÕLAČ. securities

nydney

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

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manager.

SAFETY FIRST!

To Safeguard Your Valuables and Jewellerles.

Deposit them in a Vault

that is really: FIRE-PROOF BURGLAR PROOF DAMP - PROOF I

OUR SAFE DEPOSIT VAULT located on theo Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im- portant Qualities.

You may obtain a Safe Deposit Box in this most up-to-dato Vault for your own use at a very moderate Ren. tol

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

THE

of Banking and Excha AMERICAN EXPRESS COMPANY,

LONDE granted on approved)

Current Areounts opened in Loud

Currency

end Find Beposit reeted for ans your or shu parindja Lort and Foreign Currencive · terms which will be quoted on applica

Safe Deposit o To Let.

INC.

Head Office:---65, Broadway, New York

Case Manager.

Flong Hong. 1st March, 1954,

Capital Surplus Reserves

KAN TONG TO.

9. Das Vorux Road Central, Hoog on December 24, 1991.

-LIMITED.

$6,000,000.00 2,087,112.89 1,995,625.31

Medea Cit Nice Naples

Paris Peiptog Palerme Botterdam Rome Shangbal

BRANCHES:-

Amsterdam Antwerp

Genou

Athens

Dingon Harnol

ALLVER

Beale

Berlia

Bombay

Hamburg Harre Heidelberg Interlaken

Brea

Brussels

Jorunalega London

Cairo

Liverpoot

Lugtoo

Luxor

VILLAIN'T

Southampton

Bingapor Tientelo Taormina

Vienna

Valce

Yakobama Zurich

THE CHINA MAIL WEDNESDAY, JULY 25, 1934.

and

Commerce

Finance

LOCAL SHARES.

TO-DAY'S QUOTATIONS."

The following is the list of local ahare quotations issued to-day:

-Banks,

H.K. Bank, $1840 sa. : H.K. Bank (London): $138%

div.) n.

LOCAL DOLLAR STEADY.

Wall Street Shows More Weakness NEW YORK STOCK

Heavier Trading On Decline.

SILVER RULES QUIET-

poration, correspondents for Mesars. E., A. Pierce and Company, "Now York, state:

EXCHANGE

S. E. Levy And Co. And A.OF.C. Quotations.

New York, Yesterday.

"Stocks: Selling during the last hour has added to the uncertainty over the immediate trend of the market. We believe the best policy -Further declines in prices on would be to defer purchases.

The following quotations from New the New York market yesterday "Wheat: The display of apathy York have been received, by Mestre,

New York, To-day.

Silver Prices Fluctuate. resulted in a wave of selling, 1-by the public in the face of bullish S. E. Levy and the American Oriental.

*

Last

690,000 shares being traded. crop news has disturbed, holders. Finance Corporation.:

Industrials and calls were. down. The lack of short Interest has made The local dollar remains steady, 97 and 51 to 91.01 and 37.90 res-the market vulnerable to realising. opening on demand this morning at pectively while utilities and The Winnipeg market reflects Chi-N. Y./Lon-

bande declined 22 and 21 to 20.81 cage prices and the favourable wea-Cotton (ex | 1/54.

Spot silver has declined 8/16, and and 94.91 respectively. The com- ther conditions. forward silver has advanced 1/16, modity index closed at 58.93, have "Cotton: Prices opened easter en Dec. closing prices yesterday being 2014 ing dropped. 86.

lower cables, but rallied later, on Silver

Sept. and 20%, respectively.

Trade buying and the replacing of The allver market was quiet. The London on Now York cross- 8 E. Levy And Company's Report orders by long operators who re-Silk

In their market report, Mesara,cently sold; however, bulges were rate, which closed, on Monday at

-U.S.$5.04%, closed yesterday at S. E. Levy and Company, corres met by increased selling from Rubber SU.S.$6.04%, while the New York pondents for Messrs. White, Weld abroad and the South. Sentiment

London rate closed at and Company, New York, state: seema 'to be confused by the action c. Wheat

"Stocks: The market declined of the stocks market. There was. a further to-day on the continuance moderate amount of price-fixing Dec. of the drought together with the near the close.

Chartered Bank £16, n. Mercantile Bank, A. & B 31 n. Mercantile Bank C, £18% n. Bank of East Asia, 384 b. Am: 0. Finance Corp, Sh. $20 n China O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. $5 n.

Insurances.

Canton Ins., $290 n. tj Union Ina., $550 b.

China Underwriters, 81% b.. China Fire Ins., $510 m. H.K. Fire Ins., $230 b....... International Assce. $6.

Shipping.

Douglas, $41.15 n.

H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 m. Shell (Bearer), $45/71⁄2 n. Union Waterboata, $12% n.

Mining.

Antamoks, 63 cts. n. Balatoes, $92% 1. Baguio Gold, $421⁄2 b. Benguet Consolidated $32 Benguet Exploration 18 ets. b. Benguet Goldfield, 20 cts. n. Big Wedge, 12 cts. n. Gold Greek, $2 n.

Ipo Mining 321⁄2 b. Itogons $5 n.

Kailan, 19/1 n.

Langkats (Single) Sh. $21 n S'hal Exploration, Sh. 35 n. S'hot Loans, 361⁄2 ¤.. Raubs, $13 b.

Venx: Goldfield, 37 n.

Docks, etc.

on

| £-U.S.$5.04%, as compared with

| 2-U.S.$5.04% on Monday.

On T.T. and demand 96%

uncertainty of the labour situa "Silver: Trading continues to be tion. We still believe that stocks confined to near, months, with offer

present levels ings being absorbed apparently by purchased at the would show profits within two Control, buying. montba.

on

don.....

Clone Opening Noon. 6.04% 6.04% 8.04

Oct.

13.01 12.82 12.08

18.12

46.28

12.95・・ 12.93

40.30

Dec.

46.80

40.50

Dec. ....

1.14.%

1.14 b.

Sept

14.80

14.71

Dec.

15.17

15.15

Sept:

1.00

08-4

1.01-%

1.00%

1C. Corn

Sept.

60-4

65-%.

Dec.

08-4

Wheat

Oct.

88.

86%.

STOCKS:

Amer

Smelt

ST

37.

Anac Cap-

per...

11-%

114% 11

Auburn

21

214 214

Balt & Ohio 17-

17.

(Continued on Page 7)

J.L. Case...

44-%

444

45..

Con, Gas

N. Y.

30-4

81

31

LONDON EXCHANGES

Dut Pont

87-

87%

87%

El Bo & Sh 11-

32

11

Gen Motors.

28-2

28-4

28%

London, Yesterday.

Int Tel &

76 17/82

Tel

10

9.

10%

5.04/4

McIntyre

45-

46% 453

Mont Ward. 26

26-5% 26%

4.97

18-%

21.572

N.Y. Central 21-

22-%

15.47.

144

7.452

Night Telegram "Bonde:-High-grades were dif The following telegram was re- ficult to sell, prices were easier ceived from New York office during and the trend looks downward the night:-- Second-grades were also off.

"Cotton:-Prices were easy Southern and spot selling com- bined with commission-house and local selling in sympathy with the weakness of the stock market. The export and consumption outlook appears to be, causing some ap- prehension..

"Rarket is quiet

believe that

Peria New York

Montreal

58 13/16

Nat Distill. 17-74 18

Soc-Vacuum. 14-4

Stan Oll N.J... 42-14

42% 42% In Aircraft... 14-% 14% 15% U.S. Steel ........ -86; 80% 30- West E. & M. 81-4 31% 32-

London Prices.

The following quotations from Lon-- don wore received last night between 5:30 p.m. and 10.80 p.m."

EXCHANGES.

TO-DAY'S QUOTATIONE.

On London-

On T.T. and demand 1/61⁄2 -4 months' sight

175%

Credits 4 months'

sight.

1/64

On New York-

'On demand

36%

Credits 60 d'aya'

sight

38%

On Paris-

b..

On demand

557

Credita 4 months'

sight

Brussels

590

but

On India-

On Shanghai

prices need continuous outside support in order to remain at cur- rent levels.

Geneva Amsterdam

Milan

Berlin

18,00%

On demand

110

"Wheat:-Lack of

commission-

*

On Japan

On demand

122

believe, however,

house buying combined with wea- ther scares caused a reaction. We that purchases

Stockholm Copenhagen

19.89

22.99%

Oslo

16.90%

Vienna

27

London Silver:-

Un Manila

On demand

731⁄44

on dips will prove justifiable.

"'ight Telegram

Prague,

121%

Helsingfors

226%

On Singapore- On demand

The fol, wing telegram was ceived in the night.

re-

Madrid

36 29/82

Spot

Lisbon

110%

62%

Athens

525 Sellare

Bucharest

505

On Batavia-

On demand.....

54

Belgrade

221

Rio*.

44.

[ On Safgon— · : On demand

Buenos Aires

55%

362*

Montevideo

385%*

On demand..... Sovereigns bank, buy---

ing rate

127

Bombay

1/8 3/64

1/4 3/16

..1/6%

-1/647

Yokohama:

1/2

Silver Spot

201

Silver Forward....... 20%

Warloan 8%

104 5/16

H.K. Wharves, $110 b., 110/1101⁄2

68,

2

H.K. Docks, $12 b. Providents (old) $1,65 b. Providenta (new), $50 cts. n. Hongkowa, (old) Sh. 88223⁄41⁄2 n. Hongkews, (new) Sh. $320 n. New Engineerings, Sh. 85 n. Shanghai Docks, Sh. #131 m.

Cotton Mills.

n.

Ewos Cottons, Sh.$11.40 s. S'hai Cottons (old), Sh. $781⁄2 n. S'hai Coltons (new), Sh. $42% Zoong Sings, Sh. $11 Wing On Textiles, Sh.$68 n.

Landa, Hotela, etc.

n.

+

H. and S, Hotels, 35.55 b. H.K. Lands, $68 b., $59 s. S'hai Lands, Sh. $261⁄2 n. Metropolitan Lande, Sh. $14 n. Humphreys, $10.40 b., 10% sa. H.K. Realties, $5% n. Asia Realties "A", Sh. 8140-n. Asia Realties "B" Sh.$20 n. Chinese Estates, $8614 b China Realties, Sh. $15. China Debentures; Sh. $137 n.

Public Utilities,

H.K. Tramways, $21,60 b.

Peak Trams (old), $15 n.

bi

(On Bangkok-

Bar Silver per oz. 2014 Bar Silver in Hong

Kong Copper Cash

nom.

nom.

Copper Cents. 1% prem. Rate of Native Interest 8% p.a. Chinese Sub. Cain... 29%% dis Hong Kong Sub. Con par.

"Cotton:In the extreme West there are showers, but in the ba iance of the West there has been renewal of heat conditions, which are further damaging, the crop. The forecast is cloudy and uncertain. A weak hurricane. st the mouth of the Mississippi is likely to move West. Aug

"Grains: In all the Mid-West. the weather is still very torrid and is damaging the crops. Elee- where the weather is cooler and cloudier.

.

E. A. Pierce Co.'s Report

In their market report. the American Oriental Finance Cor

LATEST QUOTATIONS

New York, Yesterday.

Shanghai

Hong Kong

* Sellers Official.

-British Wireless Service.

HONG KONG TELEPHONE COMPANY, LTD.

Forward

Last

Last

close

reed

20-3/16 20-4

20-5/16 20-%

China and India bought and sold. Business Small.

London Gold:-137/101⁄2 187/11. London/New York Rate:--5,04-1/@ 5.04-3/18 (2 pan. rate).

Liverpool Cotton-Oct.:-0.79 0.78' (1 pm price).

Liverpool Wheat - Oct.:-5/6-1/14 15/5-1/4" (1 p.m. price).

London Rubber-Oct./Dec.:-7-5/18- 7-1/4 buyers-Opening.

London Rubber - Oct/Dec.:~7-3/8 57-37 sellers Opening.

NOTICE OF INTERIM DIVIDEND

London Rubber - Oct./Dec.:-7-8/8 |7-1/4 bayers---Noon Market steady.

London ForecastTM Of

:

American Markets ^^aja

In view of yesterday's sharp fall, which was brought about by margin Calle, it la generally expected that Wall Street will be called upon to face-

further decline.

The Corn market is expected to open- strong.

An uncertain Wheat markot is ex- pected;

Conditions in the rubber market are

The following quotations have been received by Messrs. S. B. NOTICE IS HEREBY GIVEN expected to remain unchanged

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

July 23. Closing

January

January

دو

0.25" 10.27"

0.26. 0.26

0.25"

0.18 up 0.25 0.80

July 24.

.New York Cotton:

July. October

12.85

13.01

December

13.12

18.17

Opening

12.70 12.70 12.82 12.84 12.93 12.96 12.97 12.97

Peak Trams (new), 87 n.

March

13.28

19.10 13.12

May (1936)

13.35

18.18 13.17

Spot

13.10

Closing

12.61 12.61 12.76 12.78 12.87 12.87 12.90.12.90 18.02. 13.02 13.09 18.09 12.85

0.24 off 0.23

New York Silver:

September

46.28

46.30 48.70

October

46.24

unquoted

46.44 46,44 46.49 46.49

December

46.30

46.50 46.60

46.00 46.60

:***

46.53

unquoted

46.88 46.88

0.36

"

March

47.00

47.80 47.44-0.44

TP

May....

47.50

48.00 48.00

47.87 47.87

0.37

10

Total sales:

27 lots

New York Rubber:

July

14.57

unquoted

September October

14.80

14.78 14.74

14.93

14.84: 14.84

December

15.17

·16.07 15.07

14.49 14.49 *14.72 14.72 14.85 14.85 15.11.16.12

0.08 off 0.08: ***

0.08

January 2 March

15.30

15.14 15.14

16.57.

15.40 15.40:

Total sales:

Chicago Wheat:

July

15.25 16:25: 15.45 15.47 279 lots

0.08

0.10

0.05 "L

98%

100

101%

97% 97% 991 9914 101 100%

96% 96% 97%-97% 99% 9914 Unavailable

* 236

2%

64 *September ... 66%.

December

unquoted

654

62% 624

68%

68 68

Total sales:

64%-6434

67% 67% Unavailable

Winnipeg

July...

851⁄2

unquoted

83% 88%

October

66%

86% 8614

85%85%

...December...

88%

872 874

86% 86%

New York Sugar:

1.69 -1.69 July

1.68.

171 172 September 1.78 December 1.80 1.78179 March

1.72 1.78 178 1.78 1.88 1.85

0.01 0.02

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:- Talpeb, Formosa Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formosa Bank Nates Led å verage at 45,000,00

On and after August 16th, 1938, the Current rate of Interest on Special Deposit will be at 2% pa. on daily balance and the rate for balance over $10,000 will be quoted on application. (Maximum rate-134%).

LONDON BANKERS!

Barsinge Bank, Ltd., Lloyds Bank, tad Midisad Bank, Ltd., Waininter Book, Lid, The Bank has Correspondente in all the principal Commercial Centres throughout the world.

BONO BONO DRANCH

Y. OHNO,

Manager.

Celcutta Cranes Colombo Copenhagen Mamelles Dublin

Monte Carlo Enburgh Manila Forened 31undch Uctava

Malco

Branches of American Express Com- pany in Principal cities of United States of Americs and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment accounts handled.

THE YOKOHAMA SPECIE BANK The Company offers to intending

I

Established 1880

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

Yen.122,750,000

Head Office:-YOKOHAMA

Branches and Agencies at:

'Alexandria.

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dalby)

Hamburg

Hankow

Harbia

Nagasaki Nagoya

New York

Osaka

Parth

Peiping

Наперед

Fangtien (Makden) Rio de Janeiro

KOLE

Konoinin

Halaking Karachi Kobe..

London Los Angeles Manis

··Moji

Karl Reinolaza 2

Seattle,

Semarang

Shaoghal Singapore Soerabaya Sydney Tientsin Tokyo

Tringtan. Yingkow

Inpursat allowed on camrent An-

Travelers the use of its "Travelers Cheques" and Letters of Credit and

Star Ferries, $102 n.

Yaumati Ferries, $21 b. C, Light (old) $8

C. Light (new) 38.45 b.

H.K. Electrics, $71% b.. 7134/

80 sa. Macao Electrics, $25 n. Sandakan Lights, 38 n. Telephone (old) $25 n. Telephone (new), $12 n. - China Buses Sh. 813.20 n.

g'pore Tractions, 5/- u.. Singapore Pref., $17/6 b.

Industrials.

In addition, the world-wide servicosiana

of its thoroughly equipped Travel De partment.

0. H. BENSON,

General Manager.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD-OFFICE:

15, Grasschurch dizwei, London, 8.0.1.

Authorised Capital

Subscribed Capital

Paid-up Capital

Reserve Fund & Rest

£3,000,000

1,800,000

1,050,000

1,247,482

"The Bank of Enginud à 101dland Bank, Lid.

BANKERS

MEDRANOHLER;

Bangkok Ipoh

Borbay

Handy.

Colombo

Hots Blake

Kuala Liple

عالية

Hour Keny Howrah

New York

Venang Fort Laude

Mauri

*Bangoon.”

Kuala Lumpur Bhanghai Hunter (Fabang). Simila Madran

Singapor

A HONG KONO BRAVON

Every description of Banking and Exshange, bush, Travellers Cheung kannada s

Trustee and Executorships under

taken, de AAC,

INTEREST allowed "pa: Oument Accopate Find Depot Eastway, be w.appliosios.Z

Deposits received for fixed - periods at rates to be obtained on application. C. KISHINAMI, DE

En Manager - 4, Quay Road Desire Hong Kong 11th April, 19843

Hong Kong 12th June, 1984,

Malabon. Sugars, $12 n Cald: Macg. (ord), Sh. #21 m. Cald: Macg. (Pref.), Sh.$19¤. Canton Ices, $2.70 n. Cements, $2.65 n.. H.K. Hopes, $41⁄2 1.

Stores, etc. Dairy Farms, $26.90 b. Watsons, $5.45 b.

· Dar. A. Wings, $1′′n. Lane, Crawforda, $4.80-m, Mackintoshs, #21 n.'

$

Sinceres, $10 Wm. Powells, 70 ets. n. Wing-On-(HK) $108-n.

Miscellaneous.

H.K. Amusements, $4. n... Entertainments. $735_n. 8.C. Enterprises, 31 b. ⠀⠀- United Theatres, Sh. $2 n. Macao "Greyhounds,” $2 m. Construction (old) $1.60 b. Constructions (new) 75 cha. b. HK. Govt. Loans, $8%% prem. b.

September

December

¿Monday's sales :—-—-

Chicago Corn

July

Total sales-13,000 tons.

Wallace Harpers,, 87% n New York Silk:

Ch Govt. 5% 1925 GB

$85, n

Gold River 24 cta. b.

Govt Loan 1% b., 22% 8.

September December

1.12 1.10 118. 1.11110111 1:1441.18 1:13

that an INTERIM DIVIDEND - Lower cotton prices are anticipated.

of FOUR per cent (4%) for the six months ended 30th June 1984, amounting to FORTY cents per

The 8.8. Ranchi is due here from.

share on the Fully Paid Up Shares Shanghal at 7 a.m. on Friday. and TEN cents per share on the |Partly:Paid Up Shares of the Com-

pany will be paid on FRIDAY, the Brd August 1984, on which date Dividend Warrants may

be obtained Is It Insured? ?

on application at the Registered | Office"~" of "the" Company," Exchange

Building, 4th floor. eers

The TRANSFER BOOKS of the Company will bǝ CLOSED", "from

| FRIDAY, the 27th July, to FRI, [DAY, "the"8rd} August, 1984, both

days inclusive.

By Order of th Board of Directors.

OWL. MCKENZIE,

10th July 1984.

Secretary

Insurance - All, Clansee. LOWEST RATES

American Asiatic Underwriters

FIL In, D.SA. General Agents

Head Ofiles

17, The Bund,

Shanghai.

HK. Ofice Auin® Life

Building

Tel. 30234.

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

"Tel. Address: Belca

unchanged 0.01% off .00%

80101 and 80108