1
THE CHINA MAIL, DECEMBER 20, 1988.
SUEZ CANAL DUES SHOULD BE REDUCED
LONDON, TO-DAY.
IN THE COURSE OF YES- TERDAY'S DEBATE IN THE HOUSE OF COMMONS ON FOR- EIGN POLICY, 'SIR ARNOLD WILSON (CONS. HITCHIN) ADVOCATED A SUBSTAN- TIAL REDUCTION IN SUEZ CANAL DUES.
In the past three years, he said, dividends had averaged 50 per cent., which was a lot for a public utility company.
The Egyptian Government, to whom the Canal reverts in twenty years and who came prominently Into the picture, should take steps to put the Suez Canal on the same basis as the Panama Canal.
Although Panama cost thrice as much as Suez and costs twice as much to run, the dues in the Pana- ma Canal are ten to fifteen
per cent. lower than Suez.
CUT BY HALF
He urged that a solemn appeal
be made to the Egyptian Govern-
CHILDREN'S PUZZLE
I
YOU PRINT THE NAME OF A CERTA'N KIND OF MEAT IN THE CENTER ROW OF SQUARES READING ACROSS, FROM LEFT TO RIGHT, THE COMBINED LETTERS READING DOWNWARD WILL SPELL SIX THREE-LETTER WORDS.
I I I I I I EBASHE
UNEYPD
{A.W.NUGENT
(C_1937, by The Associated Newspapera)
Answer to yesterday's puzzle.
T
M Y NE D D
Answer to-morrow.
ment to consider their internation- HOP YAT CHURCH ANGLO-CZECH
al position as trustees of the high- way between Europe and Asia, adding that the dues could be re- duced by nearly half and still be- tween six and eight per cent. could be paid on the capital.-Reuter.
SUEZ CANAL DISCUSSION
Cairo, To-day.
The question of the Suez Canal is likely to be discussed during the visit of the British Prime Minister to Rome in January, Egyptian Gov- ernment circles state. Direct diplo- matic negotiations have not taken place but the question may be broach- ed during the Italo-Egyptian non- aggression negotiations following Mr. Chamberlain's visit to Italy.- Trans-Ocean.
HYDERABAD ORDER
CHORAL CONCERT LOAN TALKS
'A Choir Recital, to which members of other churches are welcome, will be rendered by the Hop Yat Choir at No. 1 Bónham Road, to-morrow commencing at 8.15 p.m. The items will comprise:- "And The Glory of The Lord"
(Handel).
"I Am Alpha" (Stainer). "Hallelujah Amen" (Handel). "The Heavens Are Telling" (Hoydn). "There Were Shepherds" (Giffe). "O Lord My God" (Beethoven). "Hallelujah Chorus" (Handel). "Largo Expressivo" (Pugnani), Further items will include the fol- lowing:-
"O'er Land and Meadow” and “An- gels' Serenade" by Miss Mary Ho (Soprano). "In Native Worth" by Mr. Ng Pak
Chau (Tenor). "Concerto No. 1 in A minor" by Mr.
Ho An Tung (Violin).
"Andante" by Mr. Lee Muk Loong
(Flute).
BREAK DOWN
London, To-day.
HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised Capital ·
.$60,000,001
Issued and Fully Paid-up... 20,000,000 Reserve Funds:
Sterling
Hong Kong Currency Re-
serve
Reserve Liability of Pro-
prietors
.£ 8,600,000
.$10,000,000
.$20,000,000
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS: T. E. Pearce, Esq., Chairman.
Hon. Mr. J. J. Paterson, Deputy Chairman.
JK. Bousfeld, Erg..
G. Miskin, Esq.
A. H. Compton, Eaq.. K. 8. Morrison, Esq. Hon. Mr. S. H. Dodwell, Hon. Mr. A. L. Shiela W. H. Look, Esq.. HL. V. Wilkinson, Esg.
AMOY
Sir Vandeleur M. Grayburn,
Chief Manager.
BANGKOK BATAVIA BOMBAY CALOUTTA
CANTUN
CHEFOO
COLOMBO
DAIREN POUCHOW HAIPHONG HAMBURG HANKOW HARBIN HONGKEW
ILOILO
IPOH
JOHORE
KOBE
BRANCHES :-
KOWLOON
KUALA LUMPUR
Current
Accounts
LONDON LYONB MALACOA MANILA MUAB (Johorə' MUKDEN
NEW YORK PEIPING PENANG BANGOON SAIGON SAN FRANCISCO SHANGHAI SINGAPORE SOURABAYA SUNGEL PATANI SWATOW
TIENTSIN
TOKYO
TSINGTAO'
YOKOHAMA
of
opened in Local Currency
Kd Fixed Deposits_received Lor ona
shorter periods in Local and otbar currencies on terms which will be quoted on application.
ALSO
up to date SAFE DEPOSIT BOXER its various vison TO LET.
teng Kong, 28th February, 1988.
HONG KONG SAVINGS BANK
The Business of the above · Bank is conducteu by the HONG KONG AND SHANGHAI BANK ou application.
It was frankly admitted here this morning that a breakdown has occurred in the negotiations be- ING CORPORATION. Bulos may be obtained tween the British Treasury and the Czech financial delegation for a ten million pound British loan to Czecho-Slovakia,
FOR THE HONG KONG BANKING CORFORATION.
AND SHANGHA
VANDELEUR M. GRAYBURN, Chief Manager.
ong Kong. lut March. 1987.
Sir Frederick Leith-Ross, for the British Government, offered to pre- THE BANK OF EAST ASIA, LTD.
sent the Czechs with four million pounds provided the Czech Govern- ing six millions of the sum original- ment would agree that the remain-
ly promised be jointly guaranteed by France and Britain and is raised
SIAN SNOWSTORM by way of public subscription.
Sian, To-day.
London, To-day. Singing of the Hindu national anthem "Bande Mataram" has been The first snowstorm of the year prohibited in Hyderabad, largest of occurred here yesterday. It raged the Indian States, after the univer- from 2 o'clock in the afternoon and sity there had been closed on ac- showed no signs of abating late last count of students' demonstrations.-night. The whole city is blanketed in Trans-Ocean.
white.-Central News.
FTS
GII
EVE
FOR
*
Authorised Capital Paid-up Capital Reserve and Undivided
Profits
.$10,000,000.00 .$ 5,508,600.00
2,776,726.76
HEAD OFFICE:-HONG KONG, Prague objected to this plan. It
10, Des Voeux Boad, Central. did not want anything in the way of a gift but a substantial loan in or-
BOARD OF DIRECTORS :- der to be able to reconstruct its lines o. dir Shou-son Chow Chairman; Li Kosa of communications and its
L'hun, Esq., P. E. Kwok, Eng Wong Yun indus-foug, Esq., Chan Ching Bhak, Esq. Li Lan tries. The Czechs proposed a loan of Sung, Bed Wong Chu Son, Esq., Kan Ying Po,
Eq. and Fung Ping Wak, Esq. thirty million pounds which they would not draw upon except for the purpose of meeting liabilities.
Apparently the British Govern- ment has shelved the whole matter until February or March.-Trans- Ocean.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1859. HEAD OFFICE: LONDON 38, Bishopsgate, E. C. 2. Paid-up Capital Reserve Fund
Reserve Liability of Proprie-
tora
Manchester Branch,
Kao Tung Po, Esq., Chist Manager,
Lf Tom Fong, Esq., Manager.
BRANCHES AND AGENCIES:-
Manila Melbourne
Amoy
Basitla
Batavia
Samarang
Bombay
Nagunki
Shanghal
Caloutta
New York
Bingspoes
Canton
Osaka
Sourabaya
Haiphoos
Paris
Felping
PONEDE
Rangoon
Fientsin
Kowloon
Balgon
Tokyo
London
"Ban" Franciano
VEDOOG THE
Yokohama
Hunkow Honolulu Kobe
.£8,000,000 curities.
Swatow Sydney Taikoku
Every description of "Banking' and Exchange business transacted. Loans, granted on approved .£8,000,000 || Current Accounts opanad in Local Currency
and Fixed Depoalie received for one
a shorter parloda in Loosi and Foreign Currencias £3,000,000 on terms which will be quoted on application. le Depoals Boxes To Let.
71, Mosley Street, Manchest
Agencies and Branches
KAN TUNG PO,
RYBO
Call in to-day and inspect our large and varied range of Perfumes, Toiletries and Fancy Goods which will make ideal and appropriate gifts reasonable for quality received.
The
at prices most
Do Your Christmas Shopping Now!
GRAND DISPENSARY
Limited
Corner, China Building
Singapore
Bitis wan Sourabaya Taiping
Alor Biar Amritsar Bangkok
Ilolla Ipoh
Karobl
Bataria
Klang
Bangoo
Balgon
Berambia
Bhanghal
Bombay
Kabe
Caloutta
Kuala Lump
Kuching
Madras
Colombo
Medan
Tong
Delhi
Haiphoog Hamburg
Now Yock Falping
(Paking) Penang
Hankow
Harbin
Hong Koni
Foreign Exchange and Geoars: Banking businens Iranaselad.
Current Accounts opened and Fixed Deposite solved for one year or shorter periods ai ̋rates which will be quoted on, application.
The Bank Head Oftos in London. undertakes
on
Executor and Trusine business, and claima roodvery of British Income Tax overpalā, farma which may be sowielded" al, any, of Agencies and - Ekinolhi.
R. A. CAMIDGE,
Manager. Hong Kong, 1st January, 1985.
THE WING ON BANK, LTD.
Head Office: Hong Kong. 26, Des Voeux Road, Central. Authorised Capital $10,000,000 LONDON BANKERS:—-- Westminster Bank, Ltd.. Foreign Exchange and every des- cription of banking business transacte:
Current Accounts and...... Savings Accounts opened. Fixed Deposits ·re Ceived at rates which will be quoted on application. ::
Trusteeship & Executorship. under taken. Safe Deposit Boxes-for hire.
PHILIP, GOCKCHIN,... Chief Manager.
No comments yet.
Private notes are available after approval.