1934-09-29 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Amberland Capl(a)

Lowed and Folly Paid-up

Borr

Funds 1-

Picking peralatan £6,500,000

ver $10,000,000

$50,000,000 20,000,000

Beer Liability of Propriators $30,000,000

HEAD OFFICE, HONGKONG,

BOARD OF DIRECTORS.

ID. Mr. O, G, 8. Nechia

Chairman,

J

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal, Charter, 1858,

THE CHINA MAILS SATURDAY, SEPTEMBER

Commerce and Finance

HEAD OFFICE: LONDON LATEST QUOTATIONS NEW YORK STOCK

Bourabaya Talph

I

AMOY TANGKOT BATAVIA BOMBAY CALCUTTA

CANTON CHEFOO OLOMEO DAILEN POOCHOW HAIPHONG HAMBURG

MARBIN

RONG SW

V. M. Omyburn, Esq.

Chief Meangor.

BRANCHES

LONDON LYONB

MALACOM MANILA

MBAR (Johor)

WORDEN

NEW YORK

PENANG

RANGOON

RAIGON

BAN PRANOLACO

Į Hong Kong

Count opened and Paed Deposita zool wed "for nos par or shorjar perioda si ́zetes which will be quoted on application.

W. H. E. THOMAS,

Acting Manager, Hong Kong, 20th February, 1984.

HANKOW

PEIPINO

The following quotations have been received by Messrs. S. E. Levy and Co., and the A.O.F.C.

EXCHANGE

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

*

1934.

STEELS UNDER PRESSURE

Narrow Movements On

Wall Street

UPWARD TREND EXPECTED

New York, To-day.

The market was narrowly irregu-]. at yesterday as some profit-taking followed Thursday's

London Exchange SHARE MARKET

Paris New York

London, Yesterday. 74-29/32 4.9714

4.83

21.14

Montreal

Brussels

Lisbon

110%

Stockholm

19.39%

Onko

19.90%

Rio

Copenhagen

Buenos Aires.

4* 22.40 36

advance. Amsterdam

Steels notably were under pressure.

The following quotations from New A resumption of the upward trend, York have been received by Messrs. however, is generally expected, S. E. Levy and the American Oriental Finance Corporation.

NY/London

Last

Close Opening Noon 4.00% 407% 407%

The first semi-annual report by the Anaconda Copper Co, shows a net income for first six months of U.S.$2,988,000 which is equivalent to 34 cents per share.

7.28

57-19/32

12.28

15.13

26/ 118 2264

Milan Berlin

Geneva

Vienna

Prague

Helsingfors

Madrid

86%

Athens

515 Sellers.

Bucharest

Belgrado

593 215

Weekly Report.

September 29th,, Hong Kong. Mr. G. A. Harriman's weekly share report and market review issued at noon states>---

Quiet conditions again prevail. ed on our share market during the week under review with trading Jon a moderate scale. There were a few spasms of activity but in- vestment Issues were generally easier with Telephones (old) done at $23.50 for October Settlement Wharves were quiet at $107%, and Dairy Farms steady at $24.- 100. Hong Kong Lands remained unchanged with enquiries at $50, Star Ferries at $97%, and Hong Kong Trams at $20. Hong Kong Electrica improved slightly, being Minor issues

Hotels.

in demand at $71. I were ashade firmer.

Favourable factors yesterday:

PS-Remainder of presS exchanged handa at $6,40/60 China ware that the new margin require-! ments are regarded as liberal and changes missed owing to bad at Lights (eld) at $8.60, and Cements

jat $2.30/40. Providents British Wireless Service showed strength with buyers at 81.60. Ewos, however, took a slide and were sold down

also that sentiment is measurably Improved with the hopeful conjec-

Paid-up Capital Reserve Fund

• • - - - • • • - - . . £3,000,000 Reserve Liability of Pro-

priators

..£3,000,009

.£3,000,000

Agencies and Branches:

Aloe Bar

Hell

8, IL, Dodwell, Blog,

Arthur

Haugron Baigos

Sept. 27 Sept. 28 Closing Closing |-

Deputy Chairman.

Bangkok

Xarschl

Sherang

Dalayla

Klapa

Beerbaa

H. Mr. W. B. B

· ©, Miskin, Esq.

Dotabay

Kabe

Shanghal

New York Cotton:

October

B. Coorg, Eng.

K, S. Herriam, Kag.

Caloutta

FUN

Fi

W. 3. Kanwich), Esqi

T.E. Forse.

Carton

Lamper

December

12.28 12.85 12.50 12.89

8, 0. Knight, Big.

Cawnpore

Teching

Andra

January

12,53

12.42

Colombe

Balla

Teulein

Dythi

Medan

Tongkah

March

12.68

12.58

Jabong

New York

(Banker)

Hamborg

Peplay

Telagao

May

12.69

12.58

lenkow

(Peking)

Yokonane

Fierbin

Zamboanga

July

12.72 12.64

Foreign Exchange and General. Danking buafnma bensacied.

Spot

12.65

12.55

Cotton Dec.... 1250

Mar.

New York Rubber:

1250 1242 1263 1202 - 1258

Silk Dee..

116

113

October

14.85

14.65

Rubber Dec.

1507

1012

December

15.07

14.88

M:

1546

1653

January

15.20 14.98

|C. Wheat Dec..

103%

103% opened on the prescribed basis that mospheric conditions.

March

15.46

15.28

May

* 1044

103%

C. Corn Dec... 78%

KUALA LUMPUR

May..

15.72

16.50

78%

May

79

a great percentage of outstanding accounts are largely overmargined,

SHANGHAI

SINGAPORE

July

16.96

15.73

W. Wheat May. 87%

87

FOURABAYA

RINGEI PATANI

TIENTSIN

THE BANK OF CANTON, LTD. Chicago Wheat:

STOCKS:

TOKYO

September

TRINGTAO

104% 104% 103

Amer Smelt ... 34%

342

35%

103%

Auburn ....... 26

284

26

Fatablished 1912. Head Office-Hong Kong.

May...

104% 108%

Con Gas NY

30%

29%

29%2

Du Pont.....

01.

91

90%

Chicago Corn:

El Bo and SH.. 11%

11%

11

September

78%

784

Gen Mators... 29

29

29%

December

78%

78%

Int Tel & Tel.. 10%

∙ 10

May

80%

B014

Loew's Ine. ... 29.

Winnloeg Wheat:

McIntyre..... 44%

October

B134

81

December

82%

824

May...

B7%

87

Mont Ward ... 271⁄4· 27 Nat Distill.... 204 20% NY Central.... 2274 22$ Stan Oll NJ 4874

10

29% 454 27

Safe Deposit Boxes (various size) for hire.

LOOK POONG SHAN,

Chial Manager.

Current Accounts opened and Fixed New York Sugar: one year or Deposits receired for shorter periods at rates which will be quoted on application.

U.S. Steel

October...

1.95

1.95

London Prices.

March

1.92

1.92

May

1.95.

1.96

July

2.00

2.00

New York Sik:

December

1.15

1.14

February April

1.17 1.17

1.17

1.162

ПРОП

JOUORE

TORE

HOWLOON

TOKOHAMA

Durrant &nate opened is Local Carency and Pized Dapenile relvad for one year o skorter periods le Local Company and Barling an berme which will be quoted on application Hoog Kong, 19th April, 1034,

HONG KONG SAVINGS BANK.

The Eccines at the abon Bark is conduct. ed by the HONG KONG AND SHANGHAI BANKING CORPORATION, Hules may be

btained on application.

FOR THE HONG KONG AND SHANGTIAL BANKING CORPORATION

V. RATHURN,

Chist Manager.

Boug Horg, 26th February, 1984.

THE BANK OF EAST ASIA, LTD.

Authorised Capita

Pull-up Capital

...............10,000,000,00

$ 5,500.00

Broervo.and Undivided Profu2,424,000,00

HEAD OFFICE: HONG KONG

12, Don Vaux Bosd Cesire,

BOARD OF DIRECTORS :~-

Bir Bibson Chow, Chalem

Loon Chan, Esq., P. K. Kwok, Eq.. Wong Tun Tonk Erg Chan Ching be. Eng. In Tan Long Leg Wong Chux Sou. Eg, and Han X

imes

Bateria

Bombay

Calovila Camloo

Ken Tear Fo. Feq., Chial Manager. Li The Fong, Esq. Manager.

BBANCHES AND AGENCIES:-

Wanita

MAPAN..

Kazanki

هلها حية

New York

Ocke

Samarang Ahaoghal Kingspor Sourabaya

Balphong

Paris

Bustom

Hankow

Pelplan

Emolulu

Penang

Kobe

Range

Korloom Lesdoo

Saigon

Tokyo

BAB Francisco

Sydney

Tabora Thankala

Vancouver Yokohamr

Brary description of Banking and Exchange business traicted. Lotus graded on approva wcurities.

of

in Coral During Carrent Aremanie opend and Fixed Deposits received for os y shorise periode in Locs! and Forelan Currencies

bem which will be quoted on application, Safe Deposit Boxes To Let

KAN TONG PO,

Bong Soo lại March 10,

Chie! benager.

THE BANK OF TAIWAN, LTD. Head Office:-Talhoka, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Noten

Issued Average amount Y.45,000,000|

Branches and Agencies,

Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung. Makong, Nanto, Shoks, Shinchiku, Taichu, Tainan Taite, Takao, Temsuf, Toen, Karenko Kagi, Heito, Giran.

China:Amoy, Canton, Feochow, Han

kow, Shanghai, Swatow.

Authorised Capital

Paid-up Capital

$11,000,000 8,055,000 32,170,482 Total Resources ....... Branches: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd,

Banking Foreign Exchange and business of every discription trans- acted.

SAFETY FIRST!

To Safeguard Your Valuable

and Jewelleries.

Deposit them in a Vault that is really: FIRE-PROOF

BURGLAR-PROOF" DAMP-PROOF! :

OUR SAFE DEPOSIT VAULT located

December

H.K. SHAREBROKERS

ASSOCIATION

Stock Report

20%

(old)

to

ture regarding President Roose-cline of 17,000 cars as compared $210.00 for October account cloa- velt's address scheduled for "to-with the samo period of last year. ing with sellers at this figure. In

morrow,

An unfavourable factor is the un- settlement of. Government bonds.

Night Telegrams

ne,

the sterling section, Hong Kong Banks were put through during the first part of the week in small. The following telegrams were parcels at $1,725, and Unions a received by Messrs. S. E. Levy & $534/5 but both stocks were 5. E. Levy And Company's Report Co., through Reuter last night:glected at the close. Philippine

In their market report. Mosera.

The market is narrowly irregu-mining shares ruled much easier S. E. Levy and Company, corres lar, as some profit-taking followed with Antamoke on offer at 59 cts., yesterday's advance, with steel is Bagulo Gold at 45 ets., and Gold 225pondents for Messrs. White, Weld 48% and Company, New York state:

sues notably under pressure. Rivera at 23 cts. The tone of the 34% 391 રમ

"Stocks:-We believe that be-resumption of the upward trend. market at the close is active on the decline in Ewos, but dull'in' tween now and the Elections in however, is generally expected.

The first half-yearly report is other sections. November, prices will be higher The following quotations from Lon-

Corp. shows the net income for don were received last right between but we would not buy too heavily. sued by the Anaconda Copper 6.80 p.m. and 10.30 p.m.

Business done:-510,00 shares. Silver: Spot 22% (last close),

"Bonda United States Govern-the first six months at $2,986,000, 22-7/16 (last recd.). 1/16 up (change).ment bonds were easier, with both which is equivalent to 84 cents

Silver: Forward 22-7/18 (last close), High-grades and Second-grade is per share. |22-9/18 (last recd.), 1⁄4 up (change).

Silver Report: India and specula-sues being lower. steady. or bought and sold. Market quietly "Wheat: Wheat was easy and outside interest in grains was Gold: 141/4 (last close), 141/01⁄2 apathetic. Hedge pressure (last recd.), 4d, down (change).

Was

E. A. Pierce Co.'s Report

In their market report, the American Oriental Finance Cor- poration, correspondent for Messrs.)

Business during the week has been done at the following prices:

Hong Kong Banks $1,725, Unione $594/$5,

Bank of East Asias $93. Big Wedge 11 cts. Canton Ices $214.- Benguet Explorations 18 cts." Canton Insurances $285. Hotels $5.40/50,

London/N.Y. Selling Rate: 4.90%ight due to the unfavourable E. A. Plerce and Company New Ewas $10.80.10.

on the Mezzanine Floor af The following report was issued Our Now building is Specially Con- structed to provide all of these Im-by the Hong Kong. Sharebrokers(change).

Association yesterday afternoon: portant Qualities.

You may obtain a Safe Depoalt Box in this most up-to-date Vault for your own use at a very moderate Ren- 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

Besarves

.U.S.$8,000,000.00 2,087,112.69

1,995,528.81

BRANCHES:-

Amalariaca

Genoe

Answery Alkens

Glangar

The Maglio

Hilas Ni Nepla

ta

Katana

Pirava

Bee

Hamburg

Berlio

Bay

Bewe Huldabar

Bremen

Brussla

Cairo Calcula

Faleristen Jerusale London

Parie Peipio

Res

Ramo

Lucerna Lagaso

Dublin

Pienation OMITS

Liverpest

mika

Routhamp

Blagaper

Tientiza

Marellion Monte Carle Mazlla

Formulas VITADE Topics Yokohama Zurich

Munich Kortreus

Others:-Bombay, Hong Kong, London. C Colombo

Singapore, Batavia, Copenhagen Lasor New York, Semarang, Soerabaya, Dairen. On and after April 20th, 1884, the Edinburgh rate of Interest on Special Current! Deposit will be at 1% p.a. on daily balance and the rate for-balance over $10,000 will be quoted on application (Maximum rata-1 38 ).

Y. OHNO,

Manager.

Hong Kong Branch

8, Des Voeux Road, Central,

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

All classes of Commercial Banking Transactions undertaken. .

Personal investment accounts

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880 Capital (fully paid-up) Yen.100,000,000 Reserve Fund

Yon.124,250,000

*******

Head Office--YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Cantos Dairen (Dalny) Fertien (Makdon)

Hamburg Hankow

Harbin

Hong-Kour

Nagasak! Nagoya New York Osaka

Peiping

Rangoon

Bio da.Janeiro San Francisce Seattle

Singapore Soerabaya Sydney Tientsin Takyo

Kobe

London

Los Angnien

Lagerast allowed on

Deposits received for

25 rates to be chtained pplication

KISHIN

Hong Kong, 11th September, 1984.

The Company offers to intending Travellers the use of its Travelers Cheques" and Letters of Credit and, addition, the world-wide services ita thoroughly equipped Travel De

G. H. BENSON,

General Manager.

THE WING ON BANK, LTD, HONG KONG.

"Authorized Capital $10,000,000

Foreign Exchange and Banking Business of every description transset- jedin

Current Accounts opened and Fixed Deposits received for one year or abor ter period at rates, which will be `quot- ed on application, and

Safe Deposit Boxes (various sizes) for hire

PHILIP GOCKOHIN:

Chief Manager

GOCKCHIN Assistant Manager

SLABEHLAFONG) Assistant Manager

Bank of East Asia $91 b.

Canton Inace $285 b., $288 s. Underwriters $1.10 b.

H. K. Fires $249 s. Douglases $41 b. Antamoks 59 cts. . Baguio Gold 45 cta a. Gold Rivers 22 sx.

United Paracales 28 cts. b.

Raubs $12% 8. Hotels $5.40 6., $5 Lands $50 b. $501⁄2 1. Ewas $10.80 B

Land 4% Deb. 14% b. Wharves $107 b. $1071⁄2 88. Providents Old $1.45 b. Trams $20 b. $20,20 sa... Ferries $97 b.

Yaumati

Ferries

$21.10

i

$21. Lights Old $8.55 b., $8.65 38. Lights New $8.25 b. Electrica $71 b.

Telephones Old $23.95 b. Cements $2.40-8. Constructions Old $1.65 b. Constructions New 78 cts. b. Govt. Loan 4% 74% b. Goyt. Loan 84% 4% b. 8% 88. Vibro Piling f1⁄2b.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE

10, Grachurch Street, Landon, 2.0.3.

Authorised Capital

BANKERS

£8,000,000

Bola Bars

New York Penang Pork Loula

(Mauritian) Raurood

"Stocks:-The market looks

а

Yaumati Ferries $214. Hong Kong Electrice $71/71. Thursday's trifle reactionary, but no important Telephones (old) $25.65/23.80.

selling was noted.

Hong Kong Trams 320.10/30. China Lights (old) $8.60. Cements $2.40.

(last close), 4.97-1/16 (last recd.), 7/16 weather over the Canadian grain York state:

pur- belts. We would confine up (change).

London/Paris Selling Rate: 74.55 chases to set-backs.

Corn (last close), 74.78 (last recd.), 18 pales:-13,013,000 bushels.

"Wheat-The market was fea- Liverpool Cotton-Jan: 6.68 (last sales:-7,850,000 bushels. close), 0.66 (Inst reed), 02 down "Cotton:-The feeling that there

tureless, with no material pressure. (change).

is an absence of speculative sup Private reports of the crop are due Liverpool Wheat-Dec. 5/5% (last port, together with a poor trade

Weather conditions! jon Monday. clase). 5/5% (last .reed.). % up

and that farmers

are favourable for the completion (change).

NE AID FOR CHEKIANG of Winter Wheat seening. Cropp London Rubber-Oct-Dec.: (buyers) selling, may depress the 7% (laat.close), 7-5/16 (last recd.), somewhat. There was further ac-reports from Australia

SILK INDUSTRY: 1/16 down (change).

tive switching to distant pasi-favourable. The Liverpool market London Rubber-Oct-Dec.: (sellers) 7-7/16 (last clofe), 7-7/18 (last recd.), unchanged.

(buyers) 7 (Inst recd.)

demand

tions.

;

are market

are un-

of

was firm, but the Buenos Aires It is learned that the Cheklang "Rubber:-While margin sell market was easy.

Provincial Government has obtained London Rubber-Oct-Dec.: at nooning is likely to cause further de- "Cotton:-There was some sup-from Chinese bank a loan

clines, we believe that the bear port. Later, the market was easy $3,000,000 in aid of the languishing sh news has been over emphasiz-on hedging and some realiaing by slik industry of the province. The ed. We recommend that solid long tired holders. We feel that bearish loan is to bear ten per cent. interest and will be repayable In eight

states:

London's Forecast

***

A forecast from London on, the pro-holders should begin a switch to factors have been discounted. babla trend of the New York market, December futures. Any further "Rubber: - Dealers were the months.

Unless any unfavourable develop strength in the market is likely to principal sellers and demand was

cause aggressive buying by manu-amall. ment occurs during to-day's session,

"Flashes:- Analyst Index of Wall Street is expected to improve, facturers and good recovery pur- though, the volume of business is not chaser'

recommended for a Business Activity: 721, against b. anticipated to increase.

Total sales:16 lots."79.8 last week. Automobile output turn. Reuter.

In the United States during the past week amounted to 38,329 units, compared with 42,960 units the pre-

In Wheat, marketing is light. The Rabber market may open a little better.

In Cotton, not much change is ex- pected. Speculation is dormant, await- ing President Roosevelt's broadcast on Sunday,

EXCHANGES.

TO-DAY'S QUOTATIONS

On London.

T.T.

1/74

On Demand

1/74

4 Months' Sight

1/7%

Credits 4 months'

Subscribed Capital Paid-up Capital

1,800,000

Sight

1/8

1,050,000

On Shanghai—

Reserve Fund & Rest

1,247,482

On Demand

*109%

The Bank of England & Midland

Bangkok

Bank, Ltd.

|On Singapore---

BRANCHES Ipok

On Demand

6814

On Japant

Colombe

On Demand

1954

Delki

Kuala Lipis

sile

On India-

Koala Laimper

H

Hàng loạt

Kuantan (Fabang) · Simla

On T.T. and Demand

106%

Madres

Singapore

On New York..........

On Demand

89%

Credits 60dayı'

eight

414

On Batavia-

On Demand

On Paris

On-Demand Credits: 4 months".

Sight:

600

TOYO 2030 ERANO

Every deription of Banking and Exchange bowl; | Desa Transacted

Travallies Chogom kened.

Trustee and Executorships ander taken.

INTEREST allowed on. Current Accounăm nă Fixed Deposits á Kains that soay be ascertained on application.

7. A. 1018,

7 Queen's Bond Celes

Hong Kong, 12th June, 1984

THE SHANGHAI COMMERCIAL & SAVINGS BANK- LIMITED.“ (Incorporated in Chine)

Capital paid up $5,000,000, Reserves

$7,000,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $800,000. Band Office Shanghai:

A Bank having as its mission the Industrial development of Chha and the fostering of her, commer eial relations abroad, che

Hong Kong och 7:10s Hour 84.

On Saigon

On Demand:

On Manila-

On Demand On Bangkok-*-* On Demand Bovereigns bank buy.

Ing Rate Bat Silver per 05. Bar Silver in Hong

Kong

Copper, Cash

Copper Cents

Rate

Chinese Sub Coin Hong Kong Sub.

574

are

Market Factors

The following telegrams were vious week. Money in circulation received by Messra. S. E. Levy & decreased by $9,000,000.-Reuter

Co. from Reuter-

Favourable factors prior to the

jepening of the market:-

1. The new margin requirements Is It Insured?

are regarded as liberal and opened on the prescribed basis. A great percentage of outstan- ding accounts are largely over- margined.

2. Sentiment bas measurably im-i proved, with a hopeful conjec

Insurance --- All - Classes ~

LOWEST RATES UN

CHURCHES

FIRST CHURCH OF CHRIST, SCIENTIST

on

Branch of The Mother Church, The First Church of Christ, Scien- tist, in Boston, Mar, U.S.A.]

Macdonnell Road, Below Bowen Road Tram Station. Sunday, Servics/11.15-a.m. Subject: REALITY. AVAN The Sunday school is held Sunday Morning at 10 o'clock Wednesday Evening Meeting at 6 pm. Reading Room at above al dress opan Tuesday and Friday, 10 VAsia Life | am to 12 noon, Monday and Building Thursday, 5.20 to 7 pm. The

· Tel. 28284- Public Is cordially invited to attend the service and visit the Reading Boom

American Asiatic Underwriters Fed. Inom USA, General Agenta.

ture regarding President Roose Head Office velt's address which is sche-17, The Band, duled for Sunday evening. Unfavourable factors:-

The unsettlement of Govern- ment bonda,

The Edison Bell

Telephono

Company of Pennylvania has re- duced ita quarterly dividend from two Dollars to $1-50, the Bell Te- lephone Co., of New Jersey hap also reduced its dividend from $1-50 to $1-25. These reductions, together with omissions or reduc- tions by three other Companies affiliated with the Bell system, it is estimated, will result in en ag- 630

gregate quarterly loss in revenue amounting to: $5,456,000 for the 60 American Telegraph and Tele- phone Company which owns all or the majority of their stock...

Heavy smelting and shoveling 1155% of Steel-scrap in Chicago has in

793/

1/77% 72 7/16

creased by 25 cents a ton. The understone of the entire market has improved, with the prospects of better business,

The price of gasoline in Boston has been reduced by three Cents to Nine Cents per gallop.

Car-loadings amounted to 648,- cars for the week, being a de- Continued on next Column.)

Shanghai

HL Oce

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND BOLD 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

30101 and 80108

Tel: Address: Seko

1