1934-09-25 — Page 6

THE CHINA MAIL, TUESDAY, SEPTEMBER 25, 1934,

Commerce and Finance..

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised, Capital

Inewed wind Pally Paid-up,

Motorra Fundazi

£6,500,000 buente Hjabi MTO Blyer nego $10,000), 26

Essazra Liubajty of Proprietors .....$39,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853

HEAD OFFICE: LONDON

LOCAL DOLLAR ADVANCES

$50,004,000

و الان شمالی برای آن در رکھے

HEAD OFFICE: HONGKONG,

HAND DE DIRECTORS,"

1. M, C. . . lacke

Chaleinen,

1. Nudwall, Kimje

Deputy Chamaa.

Han. Dr. W. H

A. A. Campton, Yug.

W.J., E4 $.0. Kuight, Enj

AMUY

MANUKUK

BATAVIA

BONDAY

CALGUITA CANTOR CHEFOO COLOMBO DAIRES YOCHOW HARPHONU

HAMBUNG JANEGY HARDIN FROHOKEW

HAILO

1201

JOHORE

KOBE

KOWLOON

Paid-up Capital

Reserve Fund

£3,000,000 ,£3,000,000

1

Reserve Liability of Pro-

prietora

.£1,000,00

Spot Silver Improves

Agencies and Branches:

Alor ar

Shiiir

Fa

Atiriler

Salgou

Bangkok

Karachi

..

0. Miskin, Esq.

flatavia

Kiwor

Herlinang Fre

., Morina, Kaa,

Boating

Kube

Bagind

1.2. Pour, Eng.

Calcutta

Bal

Conta

Singapor Kitten

1 Cawayore

Kirkling

torneys

Cabri

Taiping

Colombe

But

Tienta

Delb

Metan

Tongheb

Malphosa

New York

(3)

[[ainburg

Piplus

HOไฟh floor Kong

You14

Zamboanga

V. M.. Grayburn Esq.

Chief Maungur,

BRANCHES-

Losbak LAUKS MALACCA NANILA

MUAR :ors]

MEKBEN

NEW YORK

PRIPINO

PUNANU KANJIOUN SAIGON

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPORE

MOURABAYA

SUNOLS PATANI

TIKSISIN

TORYO

TSINGTAO

YOKAMA

Curent Accratis Created fur une

ID CAPTIONINTE

Bad Fited Deponite shorter periode in Loos) Caugway and

Transacted.

Bindran

The local dollar has nd- vanced, opening on demand at 1/6% this morning. Spot silver has advanced 1/16, while forward silver, remains steady, closing prices yesterday being. 21-15/16 each.

The London on New York cross- rate; which closed at Saturday at Foreign Exchange and General Bookbag bad-U.S.84.99%. closed yesterday at CUTER Acroute and Bud Bixed Depmile US$4.98%, while the New York | received for aus Fear, or whaetse poziody at inien | which will be quoted on application.

jon London rate, cinsed at E-U.S.$4.38%. às compared with

US$4.99 on Saturday.

W. II. E. THOMAS,

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

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Bong Kung.

or

Paid-up Capital

Authorised Capital

Total Resourcua

$11,000,000 8,655,000 82,170,492

a teries which wili la gouted on application.

Hoy Cox, Mark April, 1984,

HONG KONG SAVINGS BANK.

The Hunters of the above flank is conduri,

By abs 5G KONG AND SHANGHAI

BANKING CORPORATION.

oblated un application.

Thesion सम

NEW YORK STOCK EXCHANGE

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

The following quotations from New

Branches: -Canton. Toinhan, Shangha York have been received by Mesara. Hankow, Bangkok & San Francisco. London Bankera: Lloyds Bank, Ltd., S. E. Lavy and the American Oriental)

and Foreign Exchange Banking Finance Corporation.

Lust. business of every discription trans. jacted.

PO THE TONG KONG AND SHANGHAI shorter perioda at rates which will be

MANEIRO CORPORATION.

V. M. GRAYBURN,

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Safe Deposit Boxes (various sizes)

SAFETY FIRST ! To Safeguard Your Valuable and Jewelleries.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banke.

H.K. Bank $1725 sa.

INFLATION

DANGER SEEN IN AMERICA

CENTRAL BANK PLAN | CRITICISED -

GUARANTY TRUST SURVEY

SPECIAL TO CHINA MATI..

BRIGHTER TONE ON WALL STREET

Accumulation Period Lies Ahead

AUTHORITIES' BELIEF

New York. To-day.

A broad, but fractional advance phie fessages Ordinance, 1884, R and sentiment is more cheerful. (By Telegraph, Copyright, Telegra developed yesterday on Wall Street, ceived September 25, att an.)

Wall Street Many authorities on The Guaranty Trusts monthly are inclined to the belief that the survey states

that compulsory recent liquidating muvement is membership of all commercial

completed and that a period of ae-| banks in the Federal Reserve n. system would he the first step in}

cumulation lies ahead.

creating a model United States) banking system..

H.K. Bank (London), £136 n. Chartered Bank £15% ex. dlv. Mercantile Bank, A. & B. £30% Mercantile Bank C. £13. Bank of East Asia, $90 a. Am: 0. Finance Corp., Sh. $20 n. China O. Fin. Ord., Sh. $4 n. China O. Fin. Prof. Sh. $5 n.

Insurances.

Canton Ina., $286 n. Union Ins., $3214 b., $534 sa. China Underwriter, $1.15 n. China Fire Ins.. 3510 n. H.K. Fire Ins., 3249 n. International Assce. Sh. $6.n. Shipping.

Douglases, $40 b. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 m. Shell (Bearer). 46/10%. n. Union Waterboats. .813 n.

Mining.

Antamoks, 60 cts, b. Balatocs, $37 n. Baguio Cold, 17 n. Benguet Consolidated

42% els.

Benguet Exploration 18 ets. b.

quoted on application.

Chin! Manager.

for hire.

Current Accounts opened and Fixed NY/London Deposits received for one

year or Cotton Dec.

Mar. Silk Dec. Rubber Dec.

Mar,

116

Close Opening Noon 4.903, 498% 408% 1274 1280 1272 1286 1202 1281

114

1.

1865

1566

1606

1608

and sa.

11ng Kaux. 20th February, 1954.

LOJE POORU SIAN,

Chint Manager,

C. Wheat Dec.

104

103%

Benguet Goldfield. 20 cta, n.

May

104

104%

Big Wedge, 9 cts. b.

C. Corn Dec.

784

78

Gold Creek, $2 n.

May

79%

70%

W. Whent May

874

SK

Gold Rivers, 23 cts. n.

STOCKS:

Ipo Mining $21⁄2 n.

Amer Smelt

3415

33%

Itogans $6.30 .

Auburn

245

2431

Kailan $25/7% n.

Con Gas NY

27% 28

29

Du Pont

881/2

887%

8814

Langkats (Single) Sh. $171⁄2 n.

El Bo and Sh. . 10,

10%

10%

S'hai Exploration, Sh. $5 n.

Gen Motors... 2044

2014

S'hai Loans, 861⁄2 n.

Int Tel and Tel 10 Loew's Inc .... 27 McIntyre Ment Ward

104

10

Raubs $12.90 n.

27%

Venz; Goldfield, $5 ș.

47

47

2513

25%

254

Docks. etc.

194

90

1913

NY Central

217

9214

21%

4315 43%

43%

32

-8314 . 32%

Pald-up Capital

Moors and Unkvided To

$10,000,000,0

$2,454,000,00

HEAD OFFICE; -MUNG RONG

12, Dr Voz Road Central

BOARD OF DIRECTORS ¡—

hur Sharon Chu, Chairma

El Coon Chun, C. P. R. Ero

Work

Tus Tong. Eg, Chau Ching Shek, Esq., Lan Eng, Eng., Wong Chu Son, Etq. and Ben Ying

Asaur

Batavi

Bombay

Caloutia

Canton

Sa Touro, Yay. Clist Moongar.

The Funk. Eq.. longer.

siphong

BRANCHES AND AGENCIES:---

clauifa Staltourne

Fun! New York

Cheks

J'ario

Hakan

j'alping

Heuoluta

Porang

Keba

Lagoon

Bowloon Landon

Saigon

has Freuclerg

Sextile

Bemarsag ненадвай Bispers Bourabaya Bralow

Tabaku

· Tientais

Toky's

Tokoham iary dascript of Danking and Exchange bustness transacted fonu grad a provad

Accounts opend La OsmonHE Pised Impolite Prentvnd for one year or shorter pics Load Foreign Curren

14

Deposit them in a Vault that is really; FIRE-PROOF BURGLAR-PROOF DAMP PROOF I

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im purtant Qualities,

Nat Distill

You may

obtain a Safe Deposit Stan Oil NJ Box in this most up-to-date Vault for U.S, Steel your own use at a very moderate Re- Ital

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

THE

London Prices.

The following quotations from Lon- don were received last night between 5.30 p.m. and 10.30 p.m.

Silver Spot 21% (last

close), 21 15/10 (last recd.), 1/16 up (change), Silver Forward 21 15/18 (lust close) 21 15/16 (last read.) unchanged.

Silver Report:America and specu- lators bought. China and India sold. Market steady.

Gold: 140/10 (last close), 140/11

no lotime which will be quoted an application. AMERICAN EXPRESS COMPANY, (last recd.), id, up (change).

Bate Urged to In

KAN TOMO PO,

Chial Macagır.

Strug sag. 1 Nach, 1954

THE BANK OF TAIWAN, LTD.

Head OfBee:-Taihoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes

issued Average amount Y.45,000,000

Branches and Agencies,

Japan:--Kobe, Osaka, Tokyo, Toko- hama, Keelung, Makong, Nanto, Shoks, Sinchiku, Taicha, Tainan, Talto, Takao, Tameul, Toen. China:Amoy, Canton, Foochow, Han-

tow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavin, Samarang, Boerabaya, Dairen, On and after April 20th, 1984, the rate of Interest on: Special Current Deposit will be at 1%% pa. on daily balance and the rate for balance over. $10,000 will be quoted on application [Maximum rata-1%).

T. OHNO,

Manager.

Hong Kong Branch

3, Des Voeux Road, Central.

INC.

Head Office:-65, Broadway, New York

Capital Surplus

Reserves

Atanda

.U.S.$8,000,000.00 *2,087,112.89 1,995,528.81

BRANCHES;

Amsterdam Antworp

Ün Giga

The ia gue

Анива

Henine

Fierane Hamburg

Kitan Nico Kaplan Firarus

Far

Berhit

Bombay

Brusla

Dieg

Calcotta Cena Calamba Copanbagen Dabla

Heidelberg Interinken Jerusalem Loodch Liverpo Litera

Papi L'albu

Lator Murill

Edinburgh

LURO

Monte Cade

FinceDon Cenovn

Mialia Munich Mout

Retardad Holas Shinghs HootSampton uggeston Tantalu Tuormaa Vienn

Yokohama Zurich

Branches of American Express Com- pany in Frincipal cities of United States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

London/N.Y. Selling Rate: 4.99% (last close), 4.98 11/16 (last reed.),; 13/16 down (change).

London/Paris Selling Rate: 74.84) (last close), 74.71 (last red.), .13 down (change).

6.82 (last

Liverpool Cotton-Oct. clore), 680 (last recd.), .02 down' (change).

Liverpool Wheat-Oct.: 5/35% (last close), 5/3% (last recd.), unchanged.

London Rubber-Det.-Dec.: (buyers) 77/16 (last close), 7 (last red.), 1/16 up (change).

London Rubber-Oct-Dec. (sellers) 7 9/10 (last close), 7% (last reed.), 1/16 up (change).

London Rubber-Oct.-Dec.: at Doon (buyers) 7 (last reed.)

London's Forecast

A forecast from London on the pro bable trend of the New York market, states:

It is generally considered that Satur-i day's rally on Wall Street will be con- tinued, owing to the settlement of the textile strike.

In the Wheat market, prices may: possibly be slightly higher.

In Rubber, alightly higher prices are expected.

The Cotton market is due to go higher. Hedging has lessoned to al large extent on announcement that the Bankhead Bill will continue to be In Personal investment accounts force throughout the season.

THE YOKOHAMA SPECIE BANK Bandled.

LIMITED.

Established 1880

The Company offers to intending Travellers the use of its "Travalars Cheques”:, and, Leiters of Credit and,] Capital (fully paid-up) Yen.100,000,000 in addition, the world-wide services Reserve Fund

Yen.124,250,000 bf its thoroughly equipped Travel De

[partment.

Head Office:-YOKOHAMA

Branches and Agencles at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

Nagasakl Nagoya

New York Osaka

ping

Rangoon

"

Fengtien (Mukden) Rio de Janeiro Hamburg

Hankow

Harbin

Hong Kon Honolala

Heinking

London

Los Angeles

Manila

Moll

San Francisco

Seattle

Semarang. Shanghal Singapore Seerabaya Sydney

Tientsin Tokyo Tsingtan Yingkaw

Interact allowed on

GENIETS.***

rent. Ae-

Depozita received for fixed periods -26 raves to be obtamed on application

CKISHINAMI,

Hong Kong, 11th September, 1934.

C. H. BENSON,

General Manager,

THE WING ON BANK, LTD. HONG KONG

Authorised Capital" $10,000,000.

Foreign Exchange and Banking Business of every description transact jed.

Current Accounts opened and Fixed Deposits received for one year or shor- ter period atirates which will be quot ed on application, hel

Safe Deposit Boxes (various sizes)‡ for hire a feraika

PHILIP GOCKCHIN Chief Manager LGOCKCHIN TRIGE Assistant Manager:

BANKHEAD COTTON CONTROL ACT TO CONTINUE

Washington, To-day.--The Secre- tary of the Department of Agricul- ture, Mr.. Henry C. Wallace, zald that members of Congress and also economists favour a continuance of the Bankhead Cotton Control Act until the next crop year-United Press, per 9. E. Levy and Company,

THE SHANGHAT-COMMERCIAL: & SAVINGS BANK LIMITED. (Incorporated in China)

Capital pald up.....85,000,000, Reserves

$7,000,000. Capital Bavings Dept. $800,000. Reserve Bavings Dept. 3600,000.

Head Office...-Shankhaj ATBank having as its mission the -industrial, development of China and,the fostering bf her commer- stal relations zbroad.

Jos House 82 Phone:31481-Z KARNA

H.K. Wharves, $109 n. H.K. Docks, 141⁄2 : Providents (old), $11⁄2 n. Providente (new), $50 cts, n. Hongkews, (old) Sh. $3091⁄2 n. Hongkews, new) Sh

New Engineerings, Sh. $43⁄41⁄2 n. S'hai Docks, Sh. $118 n:

Cotton Mills.

Ewo Cottons, Sh. $10.80 n. S'hai Cottons (old), Sh. $75%. S'hai Cottons (new), Sh. $44 n. Zoong Sings, Sh. $111⁄2 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

H. and S, Hotela, $5.40 b. and so. H.K. Lands, 350 b. S'hai Lands, Sh, $27 m. Metropolitan Lands, Sh. $14 n. Humphreys, $10 m. H.K. Realties, $45 b. Asia Realties “A”, Sh. $140 n. Asia Realties "B" Sh.220 n. Chinese Estates, $89, n. China Realtics, Sh. $15% n. China Debenture, Sh. $187 n.

Public Utilities,

H.K. Tramways, $20.10 b., $20.30

Sa, $20/201⁄4 30.

Peak Trams (old), $15 e. Peak Trams (new), $7 n. Star Ferries, $98 n.

Yaumati Ferries, $21, n. C. Lights (old), $8.60 n. C. Lights (new), $8.10 b. II.K. Electrics $70% b., $71%

71 82.

Macao Electrica, $25 n. Sandakan Light, 88 8. Telephone (old), $23.80 b. Telephone (new), $11 b China Buses Sh. 13.20 n. Singapore Tractions, 4/9.b. Singapore Pref. 17/9 b.

Industrials.

Malabon Sugars. $8.70 8. Cold: Macg. (ord.), Sh. $21 n. Cold: Macg. (Pref.), Sh., $20 n. Canton Ices, $2 b. and so. Cements, $2.40 n. H.K. Ropes. $34.

Stores, etc. Dairy Farms, $24% n. Watsons, $5.60 . Der.. A. Wings, $1 n. Lane, Crawfords, $4.15 m. Mackintoshs, $21 n. Sinceres, $10 n... Wm. Powells, 70 cts. Wing On (H.K.) $110

Miscellaneous. H.K. Amusements, $4 m. Entertainments, 57%. D... S.C. Enterprises, $1.80 n. United Theatres, Sh. $14. Macao Greyhounds, $2 Constructions (old), $1.80 m. Constructions (new), 78 cts.

8. E. Levy And Company's Report In their market report. Messra

It recommended that Federal Re-S. E. Levy and Company, corren serve banks supervise the banking vondents for Messrs. White. Weld system, but warned against over and Company. New York state: much Governmental regulation.

"Stocks:--Traders are operating

NEW ADVERTISEMENTS

PUBLIC AUCTION

THE Undersigned, have received

Tinstructions to sell by Publie

Auction

ON

FRIDAY, the 28th Sept., 1934 commencing at 11 am.

at No. 16, Somerset Rund, Kowloon Tong

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

On View from Thursday, the 27th Sept., 1934..

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers.

Hong Kong, 25th Sept., 1934

SPORT NOTICES.

THE HONG KONG JOCKEY CLUB

It recommended the elimination with caution. We still think that jof uneconomic banks and the cli-the market is in a good position' to mination of the Federal deposit reflect any favourable news. Busi-

ness done: 510,000 shares. guarantee as unsound.

It characterised the central bank) "Bonds: -

High-grade and U.S. plan as highly inflationary on ac-Government issues were dall. Buy-DRAFTRY

PROGRAMMES and FORMS for the count that it will greatly extend the ing was lighter and the volume of Government's power to float bonds trading was small, Second-grades EIGHTH EXTRA RACE MEET- at low interost, "while if the re-were slightly better.

ING, to be held on SATURDAY, serve requirements were lifted, all

"Wheat:-Trading was dull. The the 6th and WEDNESDAY, the limits, would

October, 1934 be eliminated." larger visible supply of wheat was 10th

(Weather United Press, per S. E. Levy and prompted by further quidations permitting), may be obtained at the Company.

on the part of tired outside holders. Secretary's Office, Gloucester Build- Local traders bought on unfavour-ling; the Club House, Happy Valley; able Canadian weather conditions. the Hong Kong Club; the Sports Saturday's sales: 7.355.000 bushels. Club; and the Stables, Shan Kwang

Road.

WALL STREET RALLY ONLY TECHNICAL

Attributed To Oversold Anticipated

SPECIAL TO CHINA MAIL..

:

Corn sales: 4,666,000 bushels.

"Cotton: The U.S. Government Entries close at 12 O'clock NOON Bureau reports that cotton ginned on THURSDAY, the 27th Septem- up to September 15 totalled 3.130.-ber, 1934.

By Order,

1797 bales. This is considered

bearish. The heavy cotton ginnings| and freer offerings by farmers sug-

C. B. BROWN,

Secretary.

Hong Kong, 24th Sept., 1934.

(By Telegraph, Copyright, Telegra. gest the possibility of a further de phis Messages Ordinance, 1888, Recline before any material advance ceived September 25, 9.11 ant.)

Weather conditions are XXXXXXXX

joccurs,

New York, To-day. favourable. The rally on the stock market "Rubber:-The action of the last week is now ascribed prin.jsurrounding markets is checking| cipally to the oversold condition jaggressive. buying. and is therefore chiefly technical. 175 Jots."—Reuter.

Favourable factors, yesterday

Total sales:

Market Factors

were that the textile workers re The following telegram was re- turned to work, although employers ceived by Messrs. S. E. Levy and failed to accept President Roose-Co, from Reuter:- velt's peace proposuls, and that the Favourable factors prior to the magazine, "Steel", estimates steel opening of the market:-(1) In- production for last week at 22.6 per creased industrial activity is ex- cent, of capacity against 20.5 per pected this week, as textile mills cent. for the previous week. will re-open. (2) The merger of An unfavourable factor was that the American Railway Association] the "New York Times" business in-and the Association of American | dex is given as 71.9, against 73.5 Railroads is regarded as very con- for the previous week and 78.4 for structive from the point of view of the corresponding period of last the American railroad companies. year-United Press, per S. E. Levy (3) Expectations that uncertainty and Company.

surrounding the activities of the new Control Commission will be shortly removed..

STEEL PROSPECTS BRIGHTER

Seasonal Expansion Anticiuuated

New York, To-day.

(Continued on Page 10)

STOCK MARKET RALLY

Textile Settlement Assures Traders

New York, To-day. The stock market is slightly im

The publication "Steel", in esti-} mating the mill activity last week) at 225 per cent. of capacity, says that buying was not brisk, but the proved. Favourable factors yester- recent upturn is regarded as an in-day were the improved steel pro- dication of a widespread depletion duction and the settlement of the of stocks and a moderate seasonal textile strike.

Unfavourable factors were the expansion in some consuming in- dustries.

Operations in Youngstown this

lack of trading volume and the posi sible gold bloc campaign against

.. week is estimated at 27 per cent. the dollar and the pound. United

of capacity. Prospects of a fur-Press, per S. E. Levy and Company.

ther improvement in the next 10

days are stronger-United Press,

per 3. E. Levy and Company.

.COTTON CONSUMPTION

ATCHINSON IMPROVEMENT

Everything

gone.. BUT YOUR SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC.

Asia Life Huilding. Hong Kong

Tel. 30284

New York, To-day-The Presi- STEEL PRODUCTION INCREASE dent of Mesars. Atchinson, Mr.

Bledsoe, yesterday said that both

New York, To-day-The Steel

the groas and net income of the Institute reports production at 24.2 New York, To-day-The New company, during August, was sub-per cent, of capacity, as against York Cotton Exchange has report-stantially above last year. United 22.8 per cent.United Press,' per ed that for the season ended July Press, per S, E, Levy and Company. S. E. Levy and Company.

31 the world consumption of Indian cotton was 14.5 per cent. above that of the previous year.

Consumption of Egyptian cotton! had increased by, 26.7 per cent. while the consumption of United States cotton had declined by 4.9 per cent.-United Press, per S. E. Levy and Company.

Is It Insured? ?

LOWEST RATES American Asiatic Underwriters Fed, Inc. USA: General Agents

Ch. Govt. 5% 1925 G4Bds.—87%n. Head Office HK Govt 4% Loan 7% prom

HK. Gort 8% Loan -8

Wallace He

Herpera, 73% t

17, The Bund

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, ING. CHICAGO-BOARD OF TRADE

CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

ICE HOUSE STREET, HONG KONG

Tel. 80101 and 30103

Tel. Andrew: Belco

*

f