1938-05-04 — Page 13

Daily Press 孖剌西報 All

CD

$575

Union Insurances ...

1933

A.K. Fires.

32.15. $233

PAGE 12 HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

Bayois

Sallen

3497

Exchange

**

1,190/80

2121

£14

190

TUESDAY.

MAY 3.

Banks

Sharebrokers'

HK. Box görsvere) |

Bo. (London) -

Chartered Banks

Mercantile Bs, "A"

Do.

C

Bank of East Asia...

N. O. & S. Bark...)

Insurance

1970 Chatou kusaze:1998.

Underwriter

Association

Betture

| - Malz) »

! ! ! ! ! ! !

$1,600

202

£13

BIN

£14

180

$2

FINANCE

CASH FOR NEW YORK STOCK EXCHANGE

FRANCO

I Forced Used

More than £1,250,000 has passed from the British-owned Rio Tin-

to

Company In London-which owns valuable copper and pyritak producing mines in the south of Spain to General Franco's Go vernment in Burgos, in the past year, in exchange for paper pess. ias, at a fixed rate of 42 pesetas to the pound.

"(Through Beuter's Service)

April 30. High Low Close Unang

QUOTATIONS

New York: May 2.

High Low Close

Lan Today'

Close

Change

New York Cotton-July.

New York Rubber-July, Chicago Wheat duly. July. Chicago Corn Winnipeg Whear --July.

8.72 11.45

79 171

9.7K 8.78 11.00 11.34.

791

8.07 11.43 77

.11 off

neg

8

304

1101

closed

1038

High Low Dow Jones Aromages 134.95 98.85 30 Industrials

39.77 19.000 20" Raile

111.20

21.26

13.90 16.14 90 Utilities 92.70 83.39 40 Bonds

17.90

110 58 10940 110.09 1.19 off $1.01 20.83 10.95 .91 ou 17.83 17.67 17.00

.10`off

86.23

Shipping

143

Douglaser

..580

$92

ເເມ່ນໄ

1997

This measure, writes a special the London of correspondent Daily Telegraph, has been forced on the Rio Tinto Company by the Franco Government, which refuses

54.92 48.84 11 Commodity Index 48,84

86.20 48.33

.03 up

Board of Directors. T. E. Paares, Esq...

151 口烤

STOCKS

$53

Indo-Chines (prof.)

351

321

Do, (dof.)

#24

83/14 Shells

124

licts.

BUT

$138 1397)

33.80

3.70/75

123

18.00 Waterboats

15/6

Aflalag

Kallans de

#10/10 Rauba...........................

Venezuela Gold F

Songkong line. Docks. WbEITOS, Cudowns, ata.

H.K. & K. Wharvor.

83/11 $9.90

་མ་

16/. $10

1380/80

Xcts. 12/221

$37)

$7.46 $7.85

Shangasi Dock

$4.05 New Ragnoscimus S.;

hands. Elots and

Providenta (old)

Da.

(now)

H.F. & W, Dooks

1,39] $1,85 3.60/85 5.70/75)

毅建

# $11.

Do, Do.

(rea)

398

8.1

(e)

$100

$101

16.30

Humphrey..... 19.10

$38

Puble Utilities

$17.25 $17.45 17,20,2 &

$7

$96

14.00 Yaumati Ferries...

#19.15 39.10

$12.35

$60j

$61

$17

"dings

11.K. Howels

4.K Land

$37

7.80/65) $371

U. 4% Dulentures 3102

Shanghai Land...S

Matropolitan Lands..

H.K. palties.........

30.30

1100

Chinese Estates.....

Cofion Mil

$14

KWON

OD

$74

S'har Cottons

X

Zoong Singe ...........S.

3131 $70 $24

Wing On Textile() $10

Ewo Cotton Rts. S

Tramwaya**** Peak Trains (old)

Do.

17.20/

(a). $34

Star Forrien

186 $24

China Lights (old)... 312

Do.

312 30

(00%)...

$91

Do. Ru

HK. Electrics

$27.50 $10.90

Macao do..

14 Sandakan Lights ...

Telephones (aldy

Tractions

Do. (prof.)....

Do.

(new)

181136

$1.70

Cement.

$4,50 Koper

Miscellaneous

22/0

23/8

Industrials

$142

$132

Culd, Macg. (Ord)S

Do.

(ProES

Canton Iow

$1.00

1191

1271

$10.05

22.0

S

$24.60

$14

Ch. E'tainment......] 381

98.60 Watsons $6.49

Cu.G.5X1825G. Bda.

6.pz H.K. Gers, 4% Loans

Dairy Farma

Constractions, (old) sti

Do.

(20%)

Lane Crawfords........

301

Nanyang Tobacco... $5

$2.20 Sinceres

$24

S. C. Enterprises

$249

Do.

31%

TIX $108 $102

Walls 05

Karper

$40

HK. Wing O**

561

S'ha Do... $80

$51

Vibro Piling

in

35

(HK)

141

120 cls.

Paris

Geneva

Berlin

(British Wirelem Service)

April 27

April 23

180-11/32"

162-13/16

21.69

21.671

12.40

:

771%.

10/7Margmans Ltv. (Lon.)

70 cta, Wm. Howolls

Sales to Shanghai

LONDON EXCHANGE RATES

to grant the company permits to ship its products abroad unless sterling payments are deposited. equivalent to the value of the products exported. In return for pesetas.

It has proved to be one of the main methods by which Franco has been able to finance his war. London sterling has enabled huz to secure foreign credits, to make the payments on 90-day cash

trom the purchased petroleum #21 United States. and to buy large supplies of foodatums and army materials.

$41

PROFITS IMPOSSIBLE The chairman of the Rio Tinto Board, Sir Auckland Geddes, de- clared in a speech to the stock- holders that although the company has the close assistance of the Bri- tish Foreign Office. Franço's system of control. which demanded the steady drain ot sterling from London to Spain: made business profits impossible.

The Elo Tinto Company trades with America, Holland, Belgium, Denmark, Great Britain. Peland, Italy and Germany. Her copper contracts with Great Britain, to whom, in 1935 and 1936, she supplied nearly 10,000 tons. were cancelled last year, however, and. requisitioned by Franco for Italy and Germany, in return for war materials.

it

The opportunity to trade by the "barter" system" has proved at beneficial to Italy and Germany as to Franco. In spite of Italy's efforts to be self-supporting,, she 1s largely dependent on foreign suppites for many essential min- erals. Her shortage of iron be came acute in the latter months of 1936. when naval orders and oll contracts made large demands" on the Iron and steel industry.

Barber & Co.

Continental Oil Corn. Products ...... Curtiss Wright (C.) from

Curtiss Wright "A" 18.

This has been eased somewhat by her import of iron ore from Spain. which have risen 33,000 tons In 1936 to nearly 180,000 last year and by scrap from Spain which has increased from 327,000 tens to over 500.000.

also Italy 13

dependent on imports for adequate supplies of ferrous metals. Her imports of and terroman- ore manganese ganese ore from Spain increased from 23,000 tons in 1936 to 75.000 1937, while pyrites mostly

from the Rio Tinto-jumped from zero to nearly 10,000 tons.

Germany is as badly 1 need of

from harter supplies

Spain as Italy. Due to the rigorous Nazi organisation in. Franco territory. with thousands of Germans in

and "bureaucratic. administrative

it 18 jobs. In the long run possible she may reap the greatest advantage.

Adams Express ....... Alleghany Steel Co. 141*

400 Allis Chalmers ........ Amer, Can Amer. Cynamid "B" 17 Amer. & For. Power Amer. & For. ST pl. 181* Amter... Locomotive... 16 * Amer: Metals

Last Sale April 30

B

БТОСКА

2

8

Humble Oil

151

Int. Nickel

381

Int. Tel & Tel.

85

23

Int. Dept. Stores...

162 31

159* 15

28 *

281

Amer. Radiator ..... Amer. Rolling Mill

111

114

Kennecott Copper... Lambert Corpn. ...... 31

Libbey-Owens- Ford

Glass Lockheed Aircraft - Loew's Inc.

Business Dono:-350,030 shares.

Last Sale

Apell 30

664"

443 .72

71*

321

Hon. Mr J. J. Paterson,

101

271

B

164

Lotillard **** 153

394 18

Amer. Smelting...... 351

347

Amer. Sugar Ring... 26 *

26 *

McKesson & Robbins

$3 pf.......

32

Amer. Tel. & Tel... 1261

1254

Ame: Tobacco "B" 68" Amer. Waterworks...

88

72

71

Anaconda. Copper.... 263 Atchison, T. & S. Fe. 201

. 26

25+

ment

Atlas Corpn.

7

61

Auburn Motors ......

31

3+*

Baltimore & Ohio...

$1

5+

B'more & Ohio Pid.

&

61

153* 151

Barnsdall'Ol......

131

131

Martin, Glen L.....

211

Monsanto Chemical 671* Montgomery Ward 301 Nat. Bend Invest-

121*121*

Nat. Cash Register 181

Nat. Dairy Products 127

Nat. Distillers

193

Nat. Power & Light, 63 Nat. Supply Corpn. "167 New York Central...

Chefoo Colombo Dairea

111

Bethlehem Steel

453

451

Niagara Hudson P

Boeing Airplane Co. Barden Co.

263

25+

Corpn......

***

16

151

N. America Aviation

81

Borg-Warner

211

20

North America Co. 16 ·

Briggs M'facturing.

171

„17

Northern Pacific...

73

Brooklyn-Manhattan

Trans......

63

Pacific Gas & Elec 25, 25* Pacific Lighting ......

34 *

Brooklyn-Manhattan

$8 'cum, pf. Case, J.I.

191*

10

751 741

Packard Motors ...... Paramount Pictures Paramount "ist. pl. 74 *

31

7+

Canadian Pacife ... 61. Celanese Corpn... 13} Cerro de Pasco...... 341 Chesapeake Corp 30 * Chesapeake & Ohio 261 Chrysler Corp. ...... Columbla Gas & El. Columbia 6% "A" pf. Commercial Credit... 29 Commercial Solvents "Commonwealth & 8. Commonwealth & ̈8.

6% cum, pf.

6.

131

Pennsylvania R.R.... Phillips Petroleum.

151

151

327

332

Public Service of N.J. 271

31

Pure Oil

10.

281

401

394

54

51

Radio Corpn. of Am. Republic Steel ...... Reynold Tobac. "B" 37

51

131

571

56 *

Schenley

***.

162

28

Schenley 5% pf.

G

62

Bears Roebuck

661

11

11

Shell Union. Oll' ..... Bocony-Vacuum

13!

131

331*

3.4

Southern Cal Edison

21 *.

Consolidated Edison 211

211

Southern Pacide...

111

Consolidated Oil

2

81

Bouthern Rly (com)

Continental Can

371

371

Southern Rly "A"

10"

27.

201

Standard Brands

71

31 *

811

Stand Gas & Elec,

3

41

41

Stand Gas & Elec

2

181

$7 pl.......

17

Delaware & Hudson

31

82

Standard Oil of N.J. 45

Del. Lackawanna &

Western .......... Deere Co..........

51

3.

Sterling Products ... Studebaker

581*

Corpn.

42

.... 188

18+

Distillers Corpu. Bea-

Swift International 25 Technicolor

reg 181*

KIROS .....

134

13

Texas "Corpa. ........

363

Douglas Aircraft ...

421

421

Texas Gulf Sulphur 291**

Du Pont

987

96 /

Tidewater Assoc. 11 131

Eagle Picher Lead

9

8

Transamerica (new)

91

Electric Boat

71

8

20th Cent Fox Films 21. *

Elec. Bond & Share Mec. Bond & Share

55 pf. Elec. Bond & Share

$ på..........

61

61

do.

Flims pf....

30 *

Union

Carbide

&

431*

431..

Carbon

63

Union Packác

62

48

48

Elec. Power & Light

B1

At

Elec..Power & Light

United Aircraft ....... United Airlines Trens United Corpn.

251

71

21

$ pl.........

28

271

United

Flintkote N

15

147

$3 Corpn. cum pí.

26

Freeport Bulphur

251

251

United Gas Corpn.

31

Gen. America Trans 34

53:

Un. Gas Iprovem't

91

.

Gen.. Cigar

223

Un. Light & power 24

Athens

.

Mlian

12.40

94-13/16

H. K.

STOCK

den, Electric .........

321

319

U.B. In'trial Alcohol 161

Gen. Foods

281

257

US. Rubber ..............

251

Gen. Motors

29)

237

US. Rubber pt.......

6'7.*

Copenhagen

Gen. Railway Signal 17

17

U.S. Smelting 541*

Stockholm Shanghai

New York Amsterdam, Vieans Prague

Helsingfors

19.401.

193

1/17

4.98-11/15

8.98

1434

4.981 8.96

Lisbon

Hong Kong

1/2-15/16

Bombay

1/8

1/5-15/18

Montreal

5.0

Brussels

20.691

5.011 29.02

Tokohama

Belgrade

Glidden Co.

181

172

US. Steel

Godchaux

Bugar

Vanadium

Class "A"

Goodrich (BF) .......

134.

127

----... 14* 14 Warner Bros. Fict.. Westinghouse

Goodrich 35 pf. ' Goodyear Tire & Co. 181

42 *

42.

Woodward Iron Cor. 121 121

171

Youngstown

Great Northern Riy, 14

144

& Tube

Great Western Sugar 27 * Greyhound

271

Chase. National Bk. 30 *

Corpn.

91.

91

National City Bank 231*

Hecker Products ...

61

B

Call Money

tez. div.

Monte Video

Bucharest

R10

Silver (Forward)

Silver (Spot) War Loan

ON LONDON

184

18-13/16 81% 101.

Closing Quotations

May 3, 1938. ON NEW YORK:—

Telegraphio Transfer... 11/2 Bank Bills, on demand † 27/31 · Credits, 4 months' sight. 1/8-3/8

OX SHANGHAI

[!

Bank Bille, on demand 2013/14 Credite, 60 days' sight 31-6/18. ON BATAVIA:-

On demand ***** ON PARIB

Bank Billa, on demand 190 Credits, 4 months' sight 1,085

55-6/18

On demand

100

OX SALGON***

ON SINGAPORE:

On demand

981,

On demand

58

ON MANILA

On demand

“ON JAPAN!

ON BANGKOK:-

On demand

On demand

149%

Sovereign Notes

Telegraphic Transfer.....

Bank Buying Rate..... 1/31/39 Bir Sıyrı. DBP Đầu versioo

18,11/16

181

118-9/16

EXCHANGE.

YESTERDAY'S

OFFICIAL

QUOTATIONS

Market remains unchanged but undertone is steady.

*** BUYERS

H.K. Bank (Lon.), £94. Union Insurance, $$27. H.K. & K. Wharves, $137k. H.K. Docks, (Ex. Rts.), $22.

Providents (Old), $3.80. Venx, Goldfield, $21. 1.K. Lands, $374. ..

H.X. Lands 4% debentures, $101. Humphreys, $9.10.

HK Tramways, $17.25. Peak Trams (Old), $7. Star Ferries, $86.

312.15. China Lights (Old). China Lights (New), $9.10. HK Electrics, $61, Macko Electrics, $174." Telephones (Old), $27.80. Telephones (New), $10.90. Cements, $184.

Dairy Farms, $24.80. Wing On Textiles, $38. Entertainments, 461. Constructions, $11. Máramans (HK), 3/10

SELLERS

H. & 8. Hotel, $7.55.

HK. Tramways, $17.45.

HK, Electrica, $814.

Ch. Govt. 5 per cant, T7%

SALES

H.K. Bank, $1590/80. H.K. Steamboats, $221. HK. & K. Wharves, $138. HK Docks (Ex: Bts), $221. H.K. Docks (New), $211. Providents (Old), $3.80/85. Providents (New), $3,72); H8, Hotel, '$7.50. ' H.K. Realties, $8.30. H.K. Tramways, $17.20/25. China Lights (Old), $12.35. HK Electrics: $61. Cements, $181/35. Dairy Farms, $25.

(Prices below in Phil. Currency)

Antamoka Ps, 50 Atoks, .22 Coco Grove :57 Benguet Consol. 9.40 Paracale Gumus, Ban Mauricio, 48 Buyoc Consol, 13

110

FOREIGN TRADE OF MANCHUKUO

Changchun, May 3. An adverse balance of $0,826,000 was suffered by Manchukuo in her foreign trade during the first 10 days of April according to figures fust released.

21.

KAN TONG PO,

Chief Manager.

REICHSMARK QUOTATIONS

Berlin, May 3.

The Reichsmark without guarantee at:

New York, 40.22. Paris, 1318.5.

Amsterdam, 72.20 to 72.23. London, 12.40.

quoted

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Offices-15, Gracechurch Street, London, &-0-4 Authorjaed Capital). «»

Subscribed Capital Paldrop Capita

Beers, Fund and Best

£3,500,000

1,000

$1,150,000

21,247,231

The Bank of England and Midland

BANKERS:

Bank. Ltd."

Paris Sterling. 182.88 to 163.13. Paris US. Dollar, 32.675 to 32.70. Baurko (Transocean). enti

BRANCHES

Bombay Colomba Pribi Galle Hoogkong Howard

pok Kassian

Kandy K

Kota Bhati

Enala Lipis

The total value of trade with foreign countries, including Japan, China and Germany, was $69,602, 000. Exports totalled $29,888,000 (Including re-exports valued at |32,319,000), while imports totalled | trian loan of several million

$39,714,000 (International).

ANXIETY OVER AUSTRIAN LOAN

Answering

pounds Sterling, the Prime Minis ter, Mr. Chamberlain, stated that the Government was at present in negotiation with Germany on this matter with the object of arriving, at a

settlement.

London, May 3. question in the Mr. Chamberlain added that he House of Commons yesterday with hoped to be ableʼmery' shortly to regard to the outstanding Aus-give an answer, -(Transotein);

Mane-York

StangoCa Blabyhs!

Yimla.

Mingapore

DA

・・∙Kaula, Laimpur

Henk Trezegua* *---

·HONGKONG BRANCEL

of Banking and Keshare ble tracted) tamponuar se

•Tralları... Flaquer bustest, for poor w TRUSTEE AND EXECUTORSHIP BOLAG UNDERTAKEN,

이야?

· CURRENT ACCOUNTA - opisad In Local Dur THDAY FIXED DEPOSIT:riorized Is Loca POTOMY & STERLING A LIA, DOLLARN on berena that may be pertained on application.

D. BENSON.

423

5

Elec.. 701

Sheet

301

1%

• vid.

ཏྠཱི ཙིརཱཝཛཏྟཎྜཾ ཨཱཝབྷུཏྠ ཙིཏྟཊྛསྶ ནིཡྰ་ྲaཅཨྰཿཀྰ ཌཆཐཱtaནཱཤཿདཿདཿཧྥོནཱཊྛཱཝཡབྷོནཱ༔རཽཨྰཿཀྰäཀྐ ནཱཡྻུནཱཤཿaཧྲྰིདྷaa©a8 བྷཱནྡྷནྡཙ ་ྤུཧཆཙ=8ཨྰཿདྷི་ྒུ་ཐྰཝནྟུཊ བྷཧྲྰིསྶིཝཱ

2

WEDNESDAY, MAY 4, 1938.

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Authorised Capital $50,000,000 Issued & Fully Paid-Up $20,000,000

Reserve Funds ;---

Sterling

£6,500,000

AUSTRALIA AND CHINA facorporated by Rogți Chartár, 1855

HEAD OFFICE: LONDON:

38, Bishopsgate 8.0.2.

H.K. Currency Reserve $10,000,000 Paid-up Capital...

Reserve Fund......... Reserve Liability of pro- prietors

Reserve "Liability of

Proprietori

$20,000,000

Head Office:HONG KONG ·

"!

23.000.000 £3.000.000

£3.000.000

MANCHESTER BRANCH: 71. Mosley Street, Maricheater.

AGENCIES AND BRANCHES: ALOR STAR ILOILO

Chairman.

Deputy Chairman, AMBITUAR

J. K. Bousfeld, Esq., A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

M. T. Johnson, Esq., J. R. Masson, Esq.,

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. A. L. Shields, 1. C. Edmondstón, Esq.,

BANGKOK BATAVIA BOMBAY

CALCUTTA

| CANTON

CAWNPORE CESU COLOMBO

JPUB BABACHEL KLANO KOEL

KIALA

"

KUCHING

BAIGUN

SKMAKANG

SEKEMBANG

UMANGHAJA

BINGAPORE.

BITIAWAN

SOUKAJAYA LUMPUR

TAIPING

TIENTAIN

(Bhuket)

MADRAS

MANILA

ΤΟΝΟΚΑΒ

DELHI

MEDAN

HAIPHONG

NEW YORK

TSINGTAO.

Acting Chief Manager, HAMBURG

Amoy Bangkok

Batavia Bombay Calcutta

Branches:-). Ipoh Johore

Canton Lumpur

Kobe Kowloon Kusis

Londoa Lyons

Penang Rangoon Saigon San

Francisco Shanghai Singapore Sourabaya

Fuochow Haiphong Hamburg Hankow Harbin Hongke

Malacca Manila

Sungei

!

Patani

Kosr

Swatow.

(Johare) "Tientsin

Tokyo Mukden New York Tsingtao

Yokohama Peiping

'Boxes in various sizes"To Let.

Hong Kong, 2nd May, 1938.

Hong Kong, 2nd May, 1938.

Iloilo

Current

Accounts

opened in

Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.

HANKOW

HARDIN

PRIPISO

YOKOHAMA

(Peking), zaxHOJNGA PENANG

HONG KONG KANGOON

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITs received for Que Year or shorter periods at rates which will be quoted on applica...." tion.

The Bank's Head

in Office London undertakes Executor and Trustee business, and claims re

of British covery

Income Tax" overpaid, on terms which may be ascertained at any of the Agencies and Branches.".

R. W. ROBERTS.

Manager.

THE CHASE· BANK

Also up to date. Safe Deposit is. QUEEN'S ROAD CENTRAL

HONG KONG. SAVINGS BANK

The Business of the abore Bank is conducted by the HONG KONG & SHANGHAI BANKING COR- PORATION. Bules may be ob tained on application.

For the HONG KONG & SHANGHAI BANKING CORPORATION. D. C. Edmondston, Esq.,

Acting Chief Manager.

HEAD OFFICE:

19. PINE STREIT,

NEW YORK.

An American Bank offering com- plete Foreign Banking Service. in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Resources over U.S. $2,500,000,000.

D. M. BIGGAB,

Manager.

BANK OF EAST ASIA, LIMITED.

Authorised Capital....$10,000,000.00

tr

Paid-up Capital

Reserva and Undivided

Froste

A

H-vla

Bombay

Onlcutta

An

Paiphong

ZADOR

Hello

Branches and Agencies :--

Kamion

Paning... loud d

Kangton Mana But you Hiber San Frazy. Karachi New Yuti Seattle Osaka Parin

BARLOW

Sydney

Taboka

Beterog

Shanghal

Torphas

Ky

Losas

בס

Becurities.

ceived

rencies on

quoted on application.

Safe Deposit Boxes To Let.

5,599,600.00 2,776,720.76

Head Office:-HONG KONG

Na 10, Des Voeux Road, Central.

Board of Directors:- Sir Shouson Chow, Chairman Li Koan Chan, Esq. Li Lan Pang, Esq. Wong Chason, BBQ P. E. Kwok, Esq. Wong YunTong, Esq. Kan Ying Pu. Es Chan Ching Shek. Fung Fing Wab Esq.

Kan Fung Po. eg., Chief Maangur -Ei Tse-Fong, Tag Manager.

Surabaya

celenta

Tokyo Талосатет

Paiping Bingapore

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL...M40,000,000,00 [(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the Principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Read Office: SHANGHAI

Hongkang Branch:

4, QUEEN'S ROAD, C.

!! South China Offices: CANTON

KONGMOON TOISHAN KINGCHOW We also handle the issue of Bonds

"Every description of Banking SWATOW and Exchange business transacted SHILCHOW

granted

approved

Current Accounts opened in Local and other Public Funds of the Currency and Fixed Deposita re- Chinese Government both at Home

for one year or shorter and Abroad. periods in Local and Foreign Car-

SHOU J. CHEN terms which will be...

Manager.

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