1934-12-12 — Page 6

BANKS

HONG KONG AND SHANGHAI RANKING CORPORATIOŃ.

d and Fully Paid-u

Anshorised, Capitai

C

Motorra Funda war

Merling T

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.'

$50,000,000 20,000,000

Incorporated by Royal Charter, 1858.

£ 6,300,000 $10,000,000

HEAD OFFICE: LONDON

$0,000,000

Paid-up Capital

28,000,000

Reserva Fand

£3,000,000

Hours Liability of Proprisirs

HEAD OFFICE: HONGKONG.

BOARD OF DIRECTORY, Hon. Mr. O. (1. H. Muokle Charmeo,

Hon Str. H. 14. Delwall'

W. II. Bell, Esq.

Deputy Chairman.

+

The El. Cowpica, ng,

10. Kaight, Esq.

ANDY BANGKOK-

MATAVIA BOMBAY CALCUTTA JANTUN QUE YOU COLOMBO DAIBEN PUCHOW TAIPHONG FLAMURING

MONGKEW

MANKUW

HARBIN

FOLLO

IPOEL

ROBE

JOBORD

KOWLOON

G. Miskin, Beg

K. §. Morrison, Za6-

T. Ex Puaros, Egy

V. M. Graytruen, hag.

Chiat Kaungst

BHANGHEL

LUNDUN LYUNS MALAUCA

* MANILA

MUAB (Johor)

MURGEN

NEW YORK

PE(PING

PENAKO

BANGDON

SAIGON

HAN PRANCISCO

KUALA LUMPUR

NILANDIAL

SINGAPORE

SUBAHAYA

EUNGLI PATANI

TIENTSIN

токто

TSINGTAO

YOKOHAMA

Qurrent Account opened in Local Curranty

ed Mixed Deposita received for our you or Marler perioda in Local Company and Bearing sarmio which will be quoted on spplication. Hong Kozy, 14th April, 1034.

MONG KONG SAVINGS BANK.

The Buster of the above Bank is conduct od by the HONG KONG AND SHANGHAL. BANKING CORPORATION. Halso may be

load co apolleation. FOR THE HONG KONG AND BHANGHAI BANKING CORPORATION.

5. M. GRAYBURN,

Chief Hangai.

Hong Kong, 6th February, 1984.

•

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Pakup Capital

Remys and Undivided Prodle

$18.000.000.00

$2,89,000.00

HEAD OFFICE:-HONG KONG

1. Des Four Boad Cantri,.

BOARD OF DIRECTORS ---

Bir Shou-son Chop, Chairman,

Loo Chun, Esq. P. R. Awak, Eng., WOON

Fe Tong, Eag.. Chan Ching Shark, Eaq, La Lan

Reserve Liability of Pro-

prietors

Aloe Stor Ameritaat Bengkak Eletarle Bombay Calcula Centos

THE CHINA MAIL, WEDNESDAY, DECEMBER 12, 1934:

Comp

mmerce and Finance..

LOCAL DOLLAR, IMPROVES

£8,000,000 Silver Prices Advance

Agencies and Branches:

Ikelló

Ipoh

Karsak

Blang

Labe

Kunla

Bangoon Elgon Nemarang Brimban Shanghai 6lugupor Bilawan Bourby Taiping. Tiental

The local dollar has advanced opening on demand this morning at 1/8.

m

Cawapr Cabu Colombe Dekhi

Halphons Habur Esakow Sarbin

Hong Koog

Madena Mari Hodno New York Palplan

(Paking) Young

Telogio Tokokama Zamboangs

Farsiga, Exchange and Ossamt Banking busine traced

Curral Actuale speed and Pizad Deposits

received for one year or abortes perioda at retos which will be quoted on application,

W. H. THOMAS,

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

THE BANK OF CANTON, LTD.

Established 1912.

.

Spot and forward allver prices have improved %. closing yesterday

at 24% and 24%, respectively.

The London on New York cross- rate remained unchanged at

-U.S.$4.95

The New York on London mie was quoted at £-U.S.$4.954, as compared with £—U.S.$4.95%.

LONDON EXCHANGES.

London, Yesterday. 75 3/32 4.95 5/16

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banks.

STATISTICIAN'S

DISMAL PICTURE

OF US. RECOVERY

UNEMPLOYMENT UP, PRODUCTION DOWN

BUILDING AND FREIGHT DECLINES

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phio Messages Ordinance, 1894. Be

H.K. Bank $1615 b., $1617/201ceived December 12, 10,50 a.m.)

sa.

H.K. Bank (London), £187 n. Churtered Bank 316% n. Mercantile Bank, A. & B. 132 n. Mercantile Bank G. $18. Bank of East Asia, $99 n. Am: 0. Finance Corp., Sh. $20 n. China O. Fin. Ord., 8h. $4 n.. China 0. Fin. Pref. 8h. 35 n.

Insurances.

Canton Ins., $270 n.

Better Trading Expected

NEW YORK STOCK

EXCHANGE

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

The following quotations from New York have been received by Meara 8. E. Levy and the American Oriental Finance Corporation.

Last

Other essentials include a balanc- ed Budget, based on sound money,:

July 13.56 13.58 C. Wheat- and revision of the Securities Act.

May He said that the recovery pro- July gramme's major shortcoming was C. Corn Ita inability, to induce business-TO- May

W. Wheat-

May

1.20

all Street Brokers '

Optimistic

MARKET FACTORS

New York, To-day. Brokers expect an acceleration of trading activity before the end of Deember.

factors yesterday,

Favourable wete: (1) Automobile production was 19,347 'cars against 11,889 last week and 12,985. for, the cor responding period of last year, (2) The major gasoline companież have increased the price of gasoline at Philadelphia by. 3. cents a gallon.

An unfavourable factor was that the American Telephone and Tele graph Co.'s net operating income for October was U.S.$1,141,025 against U.S.$1,466,588 for October 1,02%

85% of last year.

Close

•

The

Cleveland, To-day. N. Y./Lon- noted economist,

don Mr. Leonard P. Ayres, in his annual re- N. Y. Cotton view, states that the abandonment of the N.R.A. in favour of legisla 31. Silver- tion restoring greater freedom for profit and price competition, is essential before, recovery can attained.

Mar.

July

.12,56 .12.59

Mar.

.55.00

May

.55,50

10.10 11,00

4.94 4.95% 4,95%

12.56 12.60 12.52 12.57

54.95 b 55.15 b 55.50; b 55.75 b

be

N. Y. Silk-

May 1.29.

N. Y. Rubber-

Mar......13.20

13.20

13.25 13.65

Paris New York

Montreal

4,85

Brussels

21.21/2

Geneva

15.294

Union Ins. $510 b., $512 China Underwriters $1.10 b. China Fire Ins., $510 . H.K. Fire Ins., $237% D. -International Assce. Sh. $5.60 m. Shipping,

.... 1.02%

sa.

96%

98%%

8914

covery.

$11,000,000

Amsterdam

7.32%

8,655,000 82,170,492

Milan

.... 58

Berlin

12.34

Shanghai

1/4

Hong Kong

1/8/

Other rates unchanged. Silver Spot

H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def), $33 m. Shells (Bearer) 45/- n. Union Waterboats, $18% n..

Forward

24% 24

Unemployment, he said, was STOCKS greater than last year, while the Amen Smelt- volume of industrial production was

ing Auburn smaller. Business borrowing was

Gon Gas less from banks, the freight move- N. Y. ment was less; and the volume of Du Pont new building construction smaller. Elec Bond & -United Press per S. E. Levy and Company.

84%

83

37%

37%

20

25%

28

234

28%

23

4844

984

Share

8%

8%

General Mo-

Mining.

tors .....

3244

'3244

Int Tel & Tel

87%

84

Antamoks 71 ets. b.

36%

364

Balatoca, $37 n.

29%

20%

2814

28%

22

41

Head Office: Hong Kong.

Authorised Capital Paid-up Capital

Total Resources

Branches: Canton, Tolehan, Shanghai, Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd,

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

Current Accounts opened and Fixed Deposits recetred for

one year Or shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various altes) fcz hire.

LOOK POONG SHAN,

Olet Manager

SAFETY FIRST ! To Safeguard Your Valuables and Jewelleries. Deposit them in a Vanit that is really:

OUR

FIRE - PROOF

BURGLAR-PROOF

DAMP-PROOF ↑ · SAFE DEPOSIT VAULT

Meng, Zag. Wong Chu Bon, Eng, and Kan Ting located on the Messanize Floor of

"Bag.

Ean Tong Fo, Esq., Clial Manager. -Ei Tu Fong, Bıq. Managar,

BRANCHES AND AGENCIES:-

Sourag

Цела

Banille

M. Bourda

Bemarang

Baby

Nagrad

Defaulle Baion

New York

Bangal Spor

Osaka

Mpang Magkaw

Porta

Smakow

Pelping

Sydney

li

Pasang

Talbeku

Banyooo

Tinida

Kowicen

Balgon

Tokyo

San Franci

Vaccontar Yokomme

London.

very deplina al Bankng and Eschange | la taiated. Losas grassed on approved

Carmens

Arcousin spend to Equal Curren

mah Fixed Deppelle, received for a2 ZILE M

rior in Local and Foreign

|Our New building is Specially Con-

War Loan 3% 106 15/16 --British Wireless Service.

U.S. DEMAND DEPOSITS RISE SHARPLY

New

York. to-day-Member Banks' net demand deposits totalled U.S.$13,055,000,000 Inst week,

which

was U.5.$22,000,000 above the pevious week and U.S.83,002,- (000,000 above the figure for the corresponding period of last year. -United Press per S. E. Levy and Company.

structed to provide all of these Im-RAW RUBBER PRICES portant Qualities,

You may obtain a Safe Deposit Latest Quotations From Box in this most up-to-date Vault for your own usa at a very moderate Ben-

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

THR

error which will quoted so application AMERICAN EXPRESS COMPANY.

Bata Deposit Jases To t

KAN TONG PO,

Chief Manager.

Hong Kong, let March, 1984.

INC.

Head Office: 45, Broadway, New York

THE BANK OF TAIWAN, LTD. Capital

Head Office: Taikoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.

Surplus Reserves

U.8.$8,000,000.00

Singapore

Messrs. H. B. Joseph & Co. have feceived the following Straits Cur rency quotations. (Buyers) from Siffgapore' for Raw Rubber:

Jan-March 21 down %. April-June 23 down 1⁄44. Market:-Dull,

Douglases, $41 n.

Bagula Gold 40 cts. n. Benguet Consolidated $13. Benguet Exploration 2211⁄2 ets. a Benguet Goldfield, 20 cta, x, Big Wedge, 10 cts. n. Gold Creek, 21 cts. n. Gold Rivers 201⁄2 cts. n. Ipo Mining. $21⁄2 n. Itogans $6.30 n. Salacota 16 ets. .. Kailan 20/- n.

Langkats (Single) Sh. $15 n. S'hai Exploration Sh. $5 a S'hal Loans, Sh. $6 n. Rauba, $11 n.

Venz; Goldfield 5 n. Docks, etc.

H.K. Wharves $1061⁄2 b., $1071⁄2

sa.

H.K. Docks, $12% n. Providents (old) $1.40 b.

Hongkews, Sh. $810. Providenta (new), 50 cts. n.

New Engineerings, Sh. $6% n. S'hai Docks, Sh. $120 n.

Cotton Mills. Ewo Cottone Sh. $9.85 8. S'hai Cottons (old), $741⁄2 n. S'hai Cottons (new), $45-n.

THE CHINA & SOUTH SEA BANK, Zoong Sings, Sh. $9.40 u.

LIMITED

(Incorporated in China)

Head Office

Capital

2,087,112.69 1,995,528.31

Reserve

BRANCHES:-

Amateriaa

Athens

Меди

Bence Glasgow

Milan Nom Naglan

Havans

Hamburg HAVIO

Barabar

Beson

Brumala

Calze

Calcutta

Седвах Colombo

Dublin Fioron

Copmages Elsburgh

Reddelberg Katarlakan Jaruzalar London Liverpool Lucera Lugo Jazor

Piping Falerno

ol

Shangha

Boobpl

Bingapor

Karls

Koi Farin

MARS

Munich

T Therming Viss Venic Yokohama Zurlok

..

Montevia

Central Bank of Formosa, Notas

issued Average amount Y.45,000,000

Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko

hams, Keelung, Makong, Nanto, Berlin Shoks, Shinchiku, Taichu, Tainan, Talto, Takao, Tamsui, Toen, Karenko, Kogi, Heito, Giran. China:Amoy, Canton, Foochow, Han-

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soersbaya, Dairen. On and after April 20th, 1934, the rate of Interest on Special Curest

Deposit will be at 1% pa. on daily

balance and the rate for balanse over Branches of American Express Com $10,000 will be quoted on application pany in Principal cities of United (Maximum rate-1%).

Hong Kong Branch

Y. OHNO,

Manager.

S. Des Voeux Road, Central.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

Capital (fully paid-up) Yen.100,000,000 Reserve Fund ....... Yen.124,250,000

Head Office:-YOKOHAMA

Branchen and Agencies atr Alexandris

Batavia

Bariin

Bombay

Calcutta Santon Dairen (Dalny)

Nagasaki Nagoya New York

·Osaka, Pelping Rangoon

Parla

Eden) Rio de Janeiro

Hankow. Harbin Hong Kong. Honolulu Heinking Karachi

Kabe

London

Los Angeles Manila Moj

"San Francisco

Seattle Semarang Shanghai Singapore Boerabaya Sydney Tientaln Tokyo

Yo

Interset allowed on Current

Deporits received for fixad

-kà muter to be obtained' on

*CKISHINA

Hong Kong, 11th September, 1984,

|States of America and Canada.

All classes of Commercial Banking Aransactions: undertaken.

Personal investment accounts| handled.

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

E. W. DUGGAN,

Manager,

THE WING ON BANK, LTD. HONG KONG

Authorized Capital $10,000,000

Foreign Exchange and Banking Business of every description, transaci

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

Safe Deposit Boxes (various size)

GPHILIP GOCKCHIN

Chief Hanager

L. GOCKOHIN

- Assistant Manager

..Shanghai

..$7,500,000.00

.$1,500,000.00

Branches 577 All Important Cities

General

in China Foreign Exchange and Banking Business transacted.

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

SOU Z CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Office ....Tel. 33565 Foreign Exchange Dept. 33666 General Office

in 33567 Cashier's Office

33569

#

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

18, Gramshirah Street, London, E.04. Authorised Capital...48,000.000 Subscribed Capital..... 1,800,000 Paid-up Capital

..... 1,080.000 Reserve Fund & Rest 1247482.

BANKERS The Book of England à Midland Bank, Ltd. BEARCHES Bangkok

Bombar

Delhi

How Long Howrah

Ipek

Randy

WIN STONE

New York MARLOR

Etala Lipis

Kusta Lump

memektan) Rangoon Shaghai

Kuantan (Palang) Blain Madras

Silapor

HONG KONG BRANOR Every description of Hanking and Exchange bond».

transacted. Travailsés Casques Izasoda

Trustee and Executorships unders |taken.bik

INTEREST Allowed on Ourens Fixed Deporile si Bates 4kat; may be ascertained

application.

1. Gowan's Bond: Cuident.

Hong Kong, 12th June, 1934-

THE SHANGHAI COMMERCIAL

& SAVINGS BANK LIMITED (Incorporated in China) Capital paid

Réservés Capital: Hay Reserve Savings

4. Bank

Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc, H.K. and S. Hotels $54 n. H.K. Lands $54 b and sa. H.K. Lands $1011⁄4 n. Shanghai Lands Sh. $25 n. Metropolitan Lands, Să. $19 n. Humphreys 894 b. H.K. Realties $4.

Asia Realties "A”, Sh. $100 n. Asia Realties "B" Sh.$20 n. Chinese Estates, $90 n. China Realties Sh. $124 n. China Debentures 3h. $187 n.

Public Utilities.

H.K. Tramways $20.80 n. Peak Trams (old), $12 s. Peak Trams (new), $7 n. ・ Star Ferries $09 b.

Yaumati Ferries $224 b.

C. Light (old) $19.40 ₺., $10.60 8. G. Light (new) $10% bi

H.K. Electrica $72. b. and ́ss.' Macao Electrics, $25 n. Sandakan Lights $8*s. Telephone (old) #24 b. Telephone (new) $10% n. China Buses, Sh. $18.20 n. Singapore Trictions 4/3 b., 4/8 Singapore Pref. £17/9 b.

Industrials

Malabon Sugars, $8.70 n. Cald: Macg. (Ord.), Sh. $21 n. Cald: Macg (Pref.) '$20 n. Canton Icea $2.85 b. Cements $2.85 b. H.K. Ropes $4.10 .

Stores, etc.

Dairy Farms $24 n. Watsons $5 n Lane, Crawfords $3.75 b. Mackintoshs. 321. n. Sinceres $914 Wm. Powells, 70 cta. n. Wing On (H.K.) $105 n.

Miscellaneous, H.K. Amusements, $24 n. Entertainmenta, $74 n. S.C. Enterprises, $1 Macao "Grayhounds," $2 'n Constructions (old) $2 m Constructions (new) 78 cts. b. Vibro Piling $6.601- Ch. Govt. 5% 1925 GJE

HK. Govt. 4% Loan,

H.K. Gort 816

Wallace Harpers Fi

EXPENDITURE UP AND Loew's Ine

REVENUE DOWN

Exchequer Returns For Past Week

London, To-day.

Montgomery

Ward Nat Platil-

lers ..... N.Y. Central

Standard Oil

N. L...

22

U. S. Steel. 37% 18%

London Prices

37%

S. E. Levy And Company's Report In their market report, Mesars. S. E. Levy and Company, corres pondents for Messrs. White. Weld and Company, New York atate:

"Stocka: The immediate cause of to-day's decline was largely techni cal, as traders turned into hasty 0816 sellers when their buying efforts. failed to produce results. As stated. .8%

last week, important groups are 32% meeting with considerable resistance 8% and progress is hardly commensur- 36% ate with activity in view of the sharp volume of increase and to- day's decline, but strictly trading 28% purchases might be risked. There 22 may be weakness to-morrow, from a longer standpoint. So many uncar- 381 tainties surround the coming Con. gressional Session and Governmen-

42%

The following quotations from Lon-tal policies that a cautious view don were received last night between seems wise. Business

done:- 1,230,000 shares.

(Continued on Page 11.)

The exchequer returns for the 5.30 p.m. and 10.30 p.m,, · past week show that during the cur- SILVER:- rent financial year the total of or- dinary revenue, exclusive of self- balancing revenue, amounted, on December 8, to £388,938,510, which £1.255,576 less than the amount collected at the corresponding date Last year.

(Last recd.); %, up (Change).

Spot:-24-% (Lart close); 24-6,

PUBLIC AUCTION

Forward:-24-%, (Last close); 24-%, (Last recd.); %, up (Change).

Silver Report: Speculators bought. Mar- China Banks bought and sold. ket steady.

Gold:--140/4-4, (Last close); 140/4-THE Undersigned have received instructions to sell by Publi Auction

. (Last recd.); (unchanged). The expenditure for the same

London/N. Y. Selling Rate: 4.95-% period, exclusive of self-balancing (Last close): 4,95-5/16, (Last recd.)

7/16, down (Change), items, was £490,409,257, which, ex-

London/Paris Selling Rate:-76.21, ceeds the amount expended at the (Last close); 75.09, (Last roed.); 12, corresponding date last year by down (Change).. £10,968,694.-British Wireless Ser-

Ivice,

AUTOMOBILE INDUSTRY 'AIDING

STEEL OUTPUT

Liverpool Cotton-May:-6.69, (Last |close); 6.71, - (Last recd.); .02, "ap

(Change).

Liverpool Wheat — May; - 6/4-%, (Last close); 5/4-%, (Last reed.); 4, down (Change).

London Foreckat

ON

Friday, the 14th December, 193% commencing at 2.30 p.m.. at their Sales Room, Duddell Street

A quantity of VALUABLE HOUSEHOLD

FURNITURE

Comprising:

Chesterfield couches and arm- chairs, Teak wardrobes with bevell-

London Rubber-Apl./June: (buyers) 6-9/16, (Last close); 6-9/16, (Last Pittsburg, to-day-The magazine, reed.); (unchanged).

-London Rubber-Apl./June: (sellers) "American Metal Market" states 6-% (Last close): 6-11/16, (Lasted mirrors, Teak dressing tables, that the automobile Industry is recd.); 1/16, up (Change)."

Teak Sideboards, Teak Dining steadily increasing its purchases,} London Rubber at noon (buyera)-tables, Teak & cane seat chairs, and estimated that the industry, at (Last close); 6-, (Last recd.),

Teak & glass top side tables, Teak present is absorbing 15 per cent. of

hatatand, Office desks, Glass cabin- A forecast from London on the pro-l the steel being produced. United bable trend of the New York market, eta, Teak filing cabinets, Ice chest,

Book cases, etc., etc. Preas, per S. E. Levy, and Company, states:—

pected on Wall Street and unless fur Ornaments, Wall clocks, Cameras, Silver ware, Brass ware, Cutlery, ther Government stimulant is given, there is little likelyhood of a further Tea sets, Crockery, Glasa ware, advance.

Gramaphones and records, Pictures,. Cotton is expected to be unchanged Oil paintings, Linen, Carpets & New York, To-day-Dow Jones with print sales good. There is an

MONTGOMERY, WARD. 1934 EARNINGS HIGH

?

Another quiet session is generally ex-

has estimated that the 1984 earn-overwhelming pro-Bankhead opinion, rugs, Table screen, Folding screams, Barter is stilled talked of in the Unit-Typewriters, Gas stove, Gas geyser,, inga of Montgomery, Ward wore be-ed States but the difficulty lies in ar- Wash hand basin, etc., etc. tween U.S.$1.50 to U.S.$2.00 per ranging an export agreement because share, and has predicted that the of the favourable trade balance with Company will decline an initial most countries, importing farm, pro- Several places of fine carved dividend.United Press, per 9. E: Levy and Company.

U.S. CURRENCY CIRCULATION

SHOWS ADVANCE

New York, to-day.-Currency_in] circulation for the month, ended November 30 totalled US$5,548,- 797,000, as against U.S.35,453,797,

ducts.

Rubber is: anticipated to be un-blackwood ware, changed, perhaps a little lower.

Wheat will probably open unchanged. The Argentine is enjoying fine weather after showers. It is mowing in the | Middle West.

BUSINESS FAILURES SHOW

· · SLIGHT GAIN IN U.S.

New York, to-day. Business 000 last month, and U.S.$5,742,492.- failures last week were 232, as sa.000 for November of last year.against 201 for the previous week, United Press per S. E. Levy and and 303, for the corresponding Company.

WHITNEY URGES FOR SAME PRIVILEGES

Richard

Chicago, to-day Mr. Whitney has urged the same privi-, leges for security owners as those given to the farmer, the labourer, and the small businessman United Press, per S. E. Levy and Company.

Is It Insured? ?

Insurance - All: Classes LOWEST RATES

American Asiatic Underwriters Fed,Inc., U.S.A. -General Agents

Office

also

and Ond-Adding-Machine- One Reflex camera. Three Cottage Planos

One Piano Player by Remington One. Checkwriter

One Calculating Machine

On view from Thursday the 18th.. December 1984.

Terms: Cash on Delivery

LAMMERT BROS., Auctionsern

period of last year-United Press Hong Kong, 11th December, 1984. per S. E. Levy and Company,"

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, INGU

CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, INÇ

CORRESPONDENTS FOR..

WHITE, WELD & CO., NEW YORK

7 ICH HOVEN STREET, HONG KONG.

80101

80108