1956-09-18 — Page 9

THE CHINA MAIL, TUESDAY, SEPTEMBER 18, 1956.

Page I

TRADE

and

COMMERCE

British Film Industry In Bad

Shape

ENTERTAINMENT

TAX CRIPPLING

From AN ECONOMIC CORRESPONDENT

London, Sept. 17.

These are difficult days for the British film industry. While television robs the cinemas of their audience, entertainments tax cuts deeply into their box office takings.

Bul Brix achly une favet od the problem Smaller box offer dak ings me that less money is available for the production of the port of Aims that will entice the public

Eric way delevision Sereena.

the deeline

121

of the Min a na ma vader of the organisartan Prints Iron manufacturing 1954-35 were over £2 million The was seven and a half times their ¦ as great, as they were mix yours Fire Over the same period the share they represent of the toil

a

The result (acronding to the front of the organamizon crities at least) is that Bistas ir

tumes from abed 15 pes evang be the standard nearly a thi falling short of which is required to jit publle out of their Indifference.

the

the

But the growth of this side of the busters eniny t comensale

And this completes the vickaus circle for as long as the public for the decline of profits form stays away from the cinemas the Organisation's fins and re- the industry cawl afford hugem benesta The Mim Ddustry sums of money that are involved | carent, like some others, in producing and publigesogthe tall

The fall in its home sales "money spinning" Almus

Direct

The po pulm dy

Jins declined in

Ratio

تم ورا

as ng s experts It fewer i Bin, are being mediend export burnings fall t la the ease of the Bank Organisations Has Ta

a drop in vormings from

expilation t from well ove one whoh of the three fa, and 1952-54 tor £226,000 Just

f the initio : « Ces Ne almost direct ins ratio to the spread of televis,On

TV acts are now

installed ill year over half the homes in Britai The recent addition of

chommel in many parts of the

country

added to the ememos

difficulty and gave the first op- portunity for incasuring the

Needed Relief

In the short runt reduction

KI

effect of the rivalry between the in enterituments tux would two media of entertainment

In the experience

Warning Against Import Quotas

Washington, Sept. 17. Mr Seymour Harris, A Harvard University *ecnomist. InId Congress today that imposing quotas an Imports of textile products from Japan would be a break with United Slatex tradition.

for

In testimony

the

prepared

House

of Representativen Ways and Mean Sub-Committee on study of Tinitrd States foreign trade problems and

Kr strandoen. policy that drives Japan into the Soviet orbit In msane."

للحم

01

more

Japan nuggested might br induced

bed diverify

exporia, other countries might be

to take persuaded Japanese goods and Japan might agree to un "orderly rise of her expert at textiles to this country.”- China Mail Special,

HONGKONG

STOCK EXCHANGE

From Our Correspondent)

13

1) t

*

n the Hong- this Exelonge

Wall Street Stocks

Fall Back In-

Irregular

Trading

New York, Sept. 17. Stocks fell back into a rut of uneasy irregu- larity today after Friday's brief, rail-paced rally.

With Suez uncertainties sill: Pure O

Hadio Corporation clominating the news, the Republic Steel general inclination wan to wait | Reynolds Metal and see what will happen, part-Shell On C

Saint Res

Paper cularly in the absence of any Sinclair fresh buying incentive.

Socony Mob#ail The nujor groups were lower in balaned, with nirerafta and chemicals showing some of the widest Josses Rails bucked down fractionally in most cases after their sharp run-up Friday. There were a number of strong

spots however, with Chrylser in

particular standing Qui on Kain of over 2 points

蕴

Bouth Puerto Rico Bugar Southern National Qas Bouthern Hallway (Corn Standard Brands Standard Oil of Cal. Bandard Ol of tad Mandard Oil of NJ. Bleep Rock

Sterling Drug Ou gely-Van Camp. Studebaker-Packard Com

Switt & Co.

Texna Co

Tute Water Awon, Oll

Industrials dropped 1.85 their average, rolls 0.92, U-Link Carbide ties

Union Pacifle Raliway United Aircraft

In Twenty Century Fox Filin

mazzaged an 0.12 average gain thanks to gains of nearly a US. Cyprusn print euch in Panhandle, Enz-S Line Co tern Pipe

Southern UB Line ant California Edison.

Turnover Dipped

a total 1,124

issues op-

pearing on the tupe, 504 were Juwer, 328 higher,

Turnover dipped a bit from Friday, totaling 1,940,000 shares against 2,110,000.

Gulf Oil tell INOTO Thin point among

the internationoi

oils but Royal Dutch, helped by stock split rumours, managed a kopk Work

anall gain. Union Out of Call amare to approxtfornia was up over Fami

स point. mately 8246 000 Noon quota-Texas Co. lost more than 1. hans, nd the umening's transac-

Allyrafl losses an

ranged over u point In Douglas Boeing. General Dynamic,

give the Industry much needed tune

of one nilies Bitt what it exould not do

bring

The national enema eircuit fele- | vision come out an easy winter. In the area where the public

Fad the choice of two televise progrommes cinema attendance were 10 per cent lower than m other parts of the country

tuck in their

תויי

uztiare numbers.

NDUMETN

BANKS

Buyers Sellers

Bates

BK Bauck INSURANCER 12

Ser-

SHIPPING Wheelock

1030 1

1.04

1N1

1 + 1031

"L BO AT

3 113

TUGRI

0.00

The latte serveis in the draw- $99 FOR of sev analf million Beth homes

น 11 to that. Landon Express vice

41%

DO KS, ETC Dock jww JUT 1579 MINING

this CHICAGO GRAIN LAND

At first the film industry was inclined to blame television for

BUL all their dibeulties unrealistic attitude would not be maintained for long. Now the industry is tinding television a useful outlet for its film maicang activities pa well

As a valuable

medium for publicity The Bim industry has not you acknow- ledged television as an ally but It has dropped the pretence that it was not there,

Not Extended

ex-

Grain

MARKET

XI

Humphreya Hoop's

Amalk

Triun

UTILITIES

Tom

Chicago. Sept 17 futures prices closed Star Ferry

steady to Arm on the Board of Trade today,

Soybeans,

umunity the suit root in the mark Am recent months, led the grain list today, gaining from two to three cents Heavy revsápoje al per bushel

the soybean STORES, ETC terminals opened trade on a lower level, but firm | Dalex soybean il prices

- Watmo then fluenced priers upward

૩ =

110

2000 * 24', 300010

100 180

30033

amic, Glenn Marta! and United Aircraft,

Rait forse ran more Than

Atlantic point in

ast line.

Chemical losses ran eluse

Rubber

US Smelting US. Bleet

Warner Bros. Westinghouse Electric Woolworth

43

SECTION

WORLD RUBBER

MARKETS

New York, Sept. 17.

New York Cotton Prices Fall

New York, Sept. 17.

Cotton trading was a dull affair today with

The No. 1 Row rubber futures | prices slightly on the downside.

contract today closed 35 to 55 points lower with sales of 14 contracts.

Closing prices: September December

■

The rex contract closed 40 to

70 points lower with sales of 37 contracts.

September

November

Janitory

March

May

July

September

#not

Oct Dec. Ματ May

July

vel.

Der.

Mar

une

An accumulated order of weekend hedging brought minor declines at the opening and the list moved within a very narrow range throughout the rest of the day.

At the use, prices ruled one to 12 points lower. The market opened seven lower to higher. New Orleans closed six

32 03

32.00

32.10

31.60

31.00

to eight lower.

30.20

20 10

A little hedging appeared at intervals

brut was well taken up by local and New Orleans buy-

slow pure

The standard contract closed 40 30 to 70 points lower with noing on straddle operations.

sales reported.

By new incentives were lucking,

LIVERPOOL

BABAE888я

BAREBACK

Future closings, in pence per

b. were as follows:

Old contract

Oct/Nov.

Dec/Jan. Mar/Apr May/June

July/Aug.

New contine!

And

A leading spot frm reported

32 73

X200

al 45

JAMS

30.14

mill interest Autumn

20 +3

nearby

54xd

Trading moved ut

J

Heptember

81%

December

$3394

March

3i+5

Muy

781

July

Jo!.

42'

3715

4016 5012

September

Rubber truding was quiet to- day as most traders were inclined to await further Suez Canal 33 developments, particularly the conference at Londen on Wednes. today. Spot No. 1 Rsa was quoted

nominally at 324 cents.

22

60%

いろ

072%

39

5703

- United Press

SINGAPORE

taking place from up-country

for

showed shipments seme improvement last week in the Allanlu and Memphis areas, Certinented stocks of all cot- ton at delivery points declined 56 bales to 3,540,000,

Month

דאו,

Oct/Nav Dec Jan, Mar/Apr. May/June July/AuKarnak

Egypilan

Nov/Dec.

SAO PAULO

24.90

24.85

24.65

24.85

21.00

24.93

67.0

Fulure closings, to cruzeiros

Prices will be unavailable to- morrow-holiday.

In the US the average price was 33.04 cents. Sales Tolailed 08.280 bajes.—United Press,

NAMESAKES

Answers:-1 Poet, 2 Muezzin, 3 Mahmud, 4 Persia. 5 Kaikebad, 16 Bahrain,

Fitzgerald, Astronomy.

Rubalyal,

NEW ORLEANS Prices of futures closed today Eastern, 11 Minaret.

Omar Khayyam.

Valisine Open interest

per kilo were as follows:

ot

4,300

172,000

Oct

38.20

10,900

360.400

Des

28,00

Mar

10,400

332 000

Mar

1040

May

0700

237,000

May

39.20

July

4,200

34,100

July

39.30

2413

The

market opened steadier

Orl.

3.400

40,100

Der

400

700

1171

30%

on rome

trade buying

but

Mai

Jou

Bo

B12

sagged

115 Jater

selling

WOR

athl

62,400 1,800,000 balen

20%

centres und

there

was only

NEW YORK Prices of futures closed today

484

rmall off-lake for Australia,

Future closings were:

us follows:

Spot

34.4011

No

352

1 ruliber per lb. Del. 834-937, Nov. 021-9314 Dec. unquoted

Ohl

33 16

Dre

33 77-76

Man

33 71

No. 2 rubber per lb. Oct 919-02** No 3

May

No 1

001-012% 874-871

July

7363

33 02

Spot rubber unbuled

Blanket crepe

12-02% 75-77 119-121

Der

Max

Jas follows:

wod casier with

spot quoted at 20%

pence per

Ib Prices:

29-295

Settlement heure tran

Oct

29-29%

Nov

28-2014

DEC

28-20

Det/Dec

281-29

Jan. /Mar

27-27

Apr. 7June

2013-202

London, Sept. 17.

July/Sep

20-30

Small nated

General markels, cif basis, ports:

279-2721

2136-27

27-27 17

inquoted

201

London Stocks

Pushed

Lower

No 1 palo crepe

LONDON

The market

No. Res port

Oci

thick Ocl AMSTERDAM

losses predomi- Sept

uncertainties Oct Nov over Suez situation pushed Estate crepe thin Sept stocks irregularly lower on 2 polls in Allied and Du Pont. New York Stock Exchange

the London Exchange to- bond volume

day. was 33,470,000. American Slock

Exchange Dolina

felcolod volume was 790,000 shares, Industriais

gains in managed quiet dealings, Closing averages

Shipping Abares bounced ahead in the morning, then turned irregular and failed

Comm, future price index

Unim aput price Index

Mundy's index

Closing Prices

400 70

101.40 105.22

stock

and

物

hold their highs. De Havilland

was a feature in aircrafts add- 82.03|ing two shillings on announce- mont of a sizable now order. 420.00 But Rolls-Royce gave up about mumerous orc shilling, and

had similar other industrials losecs.

1842

1014%

لاني

GOVTS DECLINE

hesil- British Governments ated, then closed with declines

£4. running to

Dow-JunOS

454

WITA

140 | 475

143 1473

250 vndustLAMİN

150

13.3

20 Faks

I utiles

23:30

Bisteks

134

40 bonda

Yast

101 2430

Papiric

Delphine

1

VILA IN M

(N130 23.90

100

• 24 10

24

древен гле

INDRESTRIALS

Varment

Acv Allied Chemicals

34) 12:00 13:26

13 G

37

070 . 4179

Allied Mill Inc.

Allt hubnets

American Airline

11

12 80 1320)

12

23

13

31 A

12 RO

Am. Mach. & F'dry

US

('TOW Wheat made appreciable galila | Kwong S. H

the during

11t Jost OFFÖNS session

Textiles ground towards the close, finish-

Nanyang

20 00

American Metal

2012

American Smelting

American Tet & Tel

1734

440

ན་ ༔

Ainecien Tob

B

740

Anaconda Copper

22

75%

Armen Steel

Aubour

Baldw-Lima-llam).

14

Baltimore & Ohlo

40

Bendix Aviation Corp.

Benguet Cons.

Bethlehem Steel

1001

Boring Airplane

Borden (The) Co.

Spis leaders.

Burnugh Add Machine

43/

Canadian Pactise .

341

Case J. 1) Co.

140

Cal Tractor

But this polary of peaceful co-existence has not been (endod to the tax collector. On the contrary, watth almont third of the cinemas' box office In entertainments takings going tax he is firmly established the industry's bele noir.

Last Organisation,

week

Mr J. Arthur

Rank, head of the grunt Henk

ed steady Truders are exprel- | INVESTMENTS revealed that 70 of ing the wheat market to become Ailled

lighter

•ect due to the

uf the soil bank and more wheul

the group's cinemas

closed down in the next

would be

few

months. This is inevitable since put under guvernment loun

many of the cinemas are

only failing

01;

they

Tot

When closed unchanged to up produce a pro- to

soybeans up 43% fo actually losing 14 cents: ary money.

In the Rank virouli

524 cents alone 184 cinemas have been making a loss on the rate

a comfortably profitable

basis in the face of competition

of television des in a reduction | Carn, No. 2, yellow

Sp:

Sept

500 à 15 80 American Cable & Radio Corp

12 10 American Cyunanide Co.

Amer & Torgn. Power

1000 ** 490

Singapore Stock Market

Brakes

18 Singapore, Sept

today quoted the following sleek privés.

Rubber Co

Petroletan

Lintang

d

Bynticate

'Thu

Pram & Neuve Ltd Ord. Fer & Nave y

Hanking Corp.

**

Clanese Corp.

C. I. T. Financial Corp

Chase Manhattan Bank

Chrysler Motors

Climax Molybdenun

Colgate-Palmoliva Co.

Commercial Credit

Diamond Alkali

334

229,

532

142

29

Oils were mixed, with gains

in a majority. Canadian Eagic

Was a strong spot, while Roys! 329 Dutch and Shell Transport also went ahead. British Petroleum yielded about two shillings.

Gold shares firmed on support from South Africa.

Dollar stocks followed Wall

4 Street's Friday advance, with Bethlehem Steel, Chryst, and

Standard

the Rmong

Jersey

German lens scored gains in en otherwise quiet foreign bond section.-United Press.

The market was very quiet. Prices in Kuliders per kilogram, eit Oct, as follows:

rubber

2 68 ta veri

No

F

No. 1 rubber

7

0

P.OBIE.A

COMPANIES

PENINSULAR & ORIENTAL 5.N. CO.

PASSENGER/FREIGHT SERVICE

2,03

No 3 rubber

2.00

Outwards

No 1 crepe

3.40

-United PIEM.

"CARTHAGE”

4

Australian Wool In

Big Demand

Melbourne, Sept. 17 Heavy buying by Continental and Japanese mills caused worl values ni the Melbourne rales today to rise 211⁄2 per cent.

The koengst demand was for

broader quality crossbred fleece, and also lambs and oddments.

Brokers and growers were Jubilant about the buoyancy už the market, Top prices Merino 113, Comeback pence per pound.

wore 10532

In Forth, Australia, with

dominant. and Europe

New York Sugar prices of wool at the opening of

Market

New York, Sept. 17,

futures World No. 4 sugar today closed unchanged to nine with sales of 82 points lower contracts.

of

£440,000 a year.

Prices per bushel in cents:

Closinut prices Wheat, No. 2, red

According to Mr Rank the only hope of putting the

film

back

industry and cinema

business

Spot Sept Dec

A

2207 (11) 225 (L) 220

Opening

Ator

2007.-253

104

στι

Muv

232

211311 Borne

Commonwealth Elec.

July

220-277

57/60

Consolidated Edison

crñaolliksted

Smelters

Continental Oil of Del.

of the entertaŭtumenia lax. Mean

while he prophesies that "some hundreds" of cinemas in Britain will close down in the next year. Not Idle

They 1322-

And

21/0

Crane Co

Crown Zellerbach

37%

elit

Cuban Amer. Sunt

Dec Mar MAY July

130

$310

Bit

146

Hongkonx

&

Dow Chemicals

74

1482

$145

Dupont de Nemours

202

151

Hongkong Tin Ltd.

Ad

12

Rye

$1.43

El Pe National Gas

Repl

151

Dec

10815-14

Lusins Rubber Estates Lid.

Ú03

Maluyan Breweries

3.02

Family Finance Corp.

Sir Tom

leas the Government gives major relief

O'Brien, General Eecretary of the National Ass- ciation of Theatrical and Kine Employers, goes further.

Jats

New Berandah Rubber Co

Ford Motor

601 higher

with sales

Lid.

31.72

contracts.

Sept.

Petaling Tin Lid.

$3.34

General Fooda

EVEX

Dec.

Soybeans, No. 2, yell

Raffles Hotel

$2.45

General Motors

47/4

"Un-

Singapore Cold Storage

*350

Gen. Pub, Uth).

38

Spot

230161

n

Bapt.

23512-235

South British Insurance Co.

Getty Oll

Lid.

Gladen Co.

in entertainments

Nav.

22377-y

Realla TradİNYU

$25 (0)

Goodrich (.-F.) Co.

tax to the cinema industry," he Fid, last week, "I believe

Jan.

Biraits Steamship

$14.50

that

Mer.

BAY

24715-44

kaked bakinesi

Ord.

$8.50

Weorne BrER.

$3.00

well over 1,000 cinemas in Bri- Barley

130-145m

Kepan Ltd.

Copenhagen

Frankfurt

Linton

Paris

Stockholin

$31.50

Pantuan Kodak

Ede Railroad....

General Electric

Domestic No. sugar futures one point 20% closed unchanged to

of 106

World futures were unchang- ed excopt for 40% drop in nearby October

the nine-point

cn

the Perth wool market, today averaged 10 per cent above the Perth August sales;

There was excellent clearance with a top price of Merino at 112% per pound,--United Fress,

NY And London Wool Top Markets

New York, Sept. 17. Woollop market was steady

344 the Isentance of two transferable today with price up 12 to 18 Tnoticts.

The domestic market points. Futures in cents per lb.

were: was relatively quiet.. Futures: . Contract No. 4 (world)

B

Homatake Mining

Inland Steel Co.

2014/0

Oct.

F.201

October

$74.4-178.0

December

175.7-176.4

Mar.

403

May

1.53

Manch

178.3-174.3

International Nickel

July

3.33

100

Bapt.

จม

international Paper

Int'l Tel & Tel

23312

spot-(cents

per lb. fob

Jola-Maovilla Co.

'Cuba)

Kanzia C. Power & Light Kennecolt Copper

Contract No. 6

In London. woollops futures market closed steady with turnover of 147 1. Closing future prices were inspence per

13014

Nov.

lb.:

Liggett Mayers Tob. Co. Locktweed, Alteraft Loews Incorp.....

Mar.

542

September

137-1381

80%

May

345

July

132

December

Lone Star Cement Co. Louisvills & Nashville R.

Sept

5.04

Marth

Nov.

Lowenstein & Son

Sppi (cents per, ib. of NY ex-duty).

tinited Prest. –

October

134-133

130-1301

1312-12424 --United Press.

•

Homewards

Leaves London

Salled

Due Rongkong

13 October

Via Southampton, Colombo, Penang & Singapore,

Leaves Hongkong Bue London

21a1 September "CARTHAGE" 20th

"CORFU*

October

то пр ANNOUNCED LATER

Via Singapore, Penang & Colombo.

"SOUDAN"

FREIGHT SERVICE

4u 17th Sept.

from UK.

"SINGAPORE"Que 30th Sept. from UK.

"SOMALI*

dur end Oct.

from U.K.

*SINGAPORE”load» 23rd Oct. for Singapore. P. Swet-

"BURAT" dge November

tenham, Havre, London. ifamburg. Rotterdam. & Grange-

Antwerp

mouth

from U.K.

ALL VEMEL OUTWARDS · AND HOMEWARDS

LIBERTY

PROCEED TO

VIA HAVE

BUEZ CANAL CAPE OF GOOD HOPE OR PANAMA CANAL AT OWNERS OPTION.

BRITISH INDIA S.N. CO., LTD.

1895 - A HUNDRED YEARS OF SERVICE - 2000 "SANTHIA” in Port

salls 17th Sept.

"BANGOLA” due 30th Sept.

salis ist Oci, "SANGOLA" dus 21st Oct.

sailu 22nd Oct.

-

from Japan

for Singapore, Penang, Rangoon & Calcutta

from Calcutta for Japan

from Japan

for Singapore Penang, Rangoon & Calcutte

P. & 0./B. I. JOINT SERVIČE

"UMARIA” due dist Sept:

* 22nd Sept.

"ÖZARDA”

"URLANA"

dus 23rd Sept. salle 28th Bept.

due 2011 Sept. sails It Det.

from Japan

for Bingapore, Madras, Colombo, Karachi, Barab, Khorramshahr de Kuwait

from Karachi de Bombay for Japan

from Jagian for Singapore, Bombay, Kärstbl, BELLAAT, Basrah, Khorramnistiatır, da Kuwali

EASTERN & AUSTRALIAN 53. CO., LTD.

"ARAFURA” salle 9th Oct.

“NELLORE” dos filh Oct.

for Bandakan Rabaul, Brisbane, Sydney Mel. bourne, da Adelaide. 'from ' Australia

All vernola Bars Iberty to call, at any, porta en or sit the 'ronta à thè sotto a calling are subjeci to change or amendening with vè, withosh Nation.

tain will have to close within

the next two years."

But while they are hoping and actively campaigning for reduction in the entertainments tax cinema

managements not starting still

The Rank

middle of is now in the

unecorsornic

circullt

a major reorganisation of which

the closure of 184

cinemas de only one aspect, On

New York flour

200 lb. "I" DE

$13.20 United Press,

WINNIPEG GRAIN

PRICES

Winnipeg, Sept. 17. Prices of in futures closed

the other hand they are re-today in cents per bushel as fol-

פל

building old

cinemas and ac- others quinine

the effort to in capture a larger share of the

has!

lows:

Onte

Ocl. Dec. May

Oct.

Dec. May

Oct.

35045-%

Dec, Flaxseed

Oct.

Dec MAY Canadian wheat unchanged

prices nited Pres.

Ambideking audicaces.

Rank Organisation piso exctancied 1ts interests out- Rye wice the num and cinema busi-

lott

It abw

now controls a number

engaged in the Barley of optical and Its associations With American company developing a new process of Kelectronic printing,

Theronhe Bat damn Guipment and it has

..

These manufacturing intereste bave grown in importance with

cumdiy,China Mali Special.

London Foreign

Exchange

Closing rates were:

New York

Montreal

Amsterdam

Bruin

Zurich

London, Sept. 17.

2.70-5/16-3.783% 2714-271. 10.612-10 62% 139.15-130.20 10.33-10.34 11.00-11.00% 1789-1741

0013-2014

1432-14507L ******** 12.8-12.10 Olbers were unchanged. New York fotoign exchange rates were unavailable-United Prens

Exchange Rates

market

th

Dimene vibe "done" in the local USOTILAIN exchacine mnening at the, follow 15. dollar (per" $1) Sterling noter (per: £13) Australian notes (per #1) KSIONORLAN, rupiahy, (per 100).. were glam Ucal (per. 100).

šizigapoćw:(6trufts).

Goodyear Tyro

Heyden Chemical

Ingersoll-Rand

fat Business Machines Int'l Inventer y

Mesabi Iron Corp. Minnesota Mining Mission Devalopment Monsanto Chemieni Co.' Montgomery Ward Motorola log, lung National Cash.ileg. "A" National Dairy Prod, National --Leng. National Blast Corp.: New York "Dietra). Olin Mathieson). Otin Elevators "1" Owen-thol. Gi

Pan Amerlog, Airways Paramount Pictures Parka Davis Do.

Perry

1937 | Pehna SAN CO.

113 Pillip Morna

10.41

Proefer,& Gamble Co.

21.60 | Pittsburgh, Piste Olá!

189 | Publloker › Industries

· May · 5.54.

6.58

NEW YORK METAL

FUTURES

LONDON METAL PRICES

** London, Sept. 17. Prices of metals closed today tou York, Sept. 17 Hin starting per long tow an Prices of mplat futures closed, follows: today its center per 18, as follows:

óber

Tin-

Copper Sept

October

Ties spok

3-month

Copper root

China- Rød, half sept.

King 2nd half · Dec.

For Full nurticulars apply tani

MACKINNON, MACKENZIE & CO OF HONG KONG ITO

Heloadtoon Soc

1

0

10