1904-08-10 — Page 3

Entimations.

THE HONGKONG, CANTON AND MACAO STEAMBOAT COMPANY, LIMITED,

NOTICE TO SHAREHOLDERS.

THE HONGKONG TELEGRAPH WEDNESDAY, AUGUST

Intimations.

CHINA SUGAR, REFINING COMPANY,

LIMITED.

NOTICE

accordance with the Provisions of No. 121

with theciation, the General Agents have this day declared on INTERIM DIVIDEND of FIVE PER CENT, for the half-

Capital.

THE

MONETARY REFORM IN

CHINA.

on the basis of a gold parity, and the experts on this subject have been consulted in many ways.

In response to the request of China the Goy- FOLLOWING VERY LUCID PAPER WAS WRITTEN BY PROFESSOR ] W. JENKS FOR,ernment of the United States appointed a Com- AND APPEARED IN, THE "WAN KUOH mission on International Exchange to do what KUNG," AND THE ORIGINAL ENGLISH TEXT could to open the way for such a reform. HAS BEEN HANDED US BY DR. YOUNG Inasmuch as China is under heavy obligations to the great Powers, it was thought best that the governments of the Powers be consulted in

HE SEVENTY-SIXTH ORDINARY THE

HALF-YEARLY MEETING OF SHAREHOLDERS in the Company will be held at the Office of the Company, No. 18,

DIVIDEND WARRANTS payable on Bank Buildings. Queen's Roai Central, on TUESDAY, the 16th August, at 12 o'clock, MONDAY, the 29th Auzust, will be issued to cated its intention of reforming its monetary, wise under governmental patronage and super- Noon, for the purpose of receiving a report of Shareholders on application." the Directors, together with a Statement of

year ending 30th June, 1904, on the Paid-up treaties with the United States, Great Britain. order to remove from their minds distrust na to

. J. ALLEN. Within the last two years through commercia! and Japan the Government of China has indi. system. It has further given public expression financial officials to prepare a plan of reform.

the motives of China and of the United States in undertaking this work, and to secure like.

Vision the opinions of the leading monetary ex-

TWO

To

10, 1904.

Co Let.

TO LET.

Auctions.

PUBLIC AUCTION

ROOMS on the First Floor of THE SCATT. Esse to Self by

"HE Undersigned have received instructions

ALEXANDRA BUILDINGS,

Apply to

SECRETARY,

A. S. Watson & Co., Limited.

[729

Hongkong, 16th June, 1904.

TO LET AT. MACAO.

PUBLIC AUCTION,'

ON

SATURDAY,

the 13th August, 1904, at 3.30 P.M., within his residence, No. 4, Ormsby Villas, Kowicon, SUNDRY HOUSEHOLD FURNITURE,

Comprising

Accounts, declring a Dividend and electing will be CLOSED from 16th to 29th instant, to its intention by decress commanding higperts of the world.. The American Commission, JOUSE No. 15, PRAIA GRANDE, well | WOOD WARDROBES with GLASS, TEAK-

Directors and Auditors.

The TRANSFER BOOKS of the Company will be CLOSED from the 2nd to the 16th August, inclusive.

By Order of the Board of Directors,

T. ARNOLD,

Secretary.

1873

Hongkong, 26th July, 1904. HONGKONG AND SHANGHAI BANK

ING CORPORATION.

OTICE is hereby given that the ORDI. NOT!

NARY HALF-YEARLY MEETING of the SHAREHOLDERS in this Corporation will be held at the CITY HALL, Hongkong, on SATURDAY, the zoth day of August next, at Noon, for the purpose of receiving the Report of the Court of Directors together with

a Statement of Accounts to 30th June, 1904. By Order of the Court of Directors,

J. R. M. SMITH,

Chief Manager. Hongkong, 30th July, 1904.

[889

HONGKONG AND SHANGHAI RANK- ING CORPORATION.

N°

OTICE is hereby given that the RE- GISTERS of SHARES of the Corpora- tion will be CLOSED from SATURDAY, the 6th, to the zoth day of August next (both days inclusive), during which period no Transfer of Shures can be Registered.

By Order of the Court of Directors,

J. R. M. SMITH,

Chief Manager.

[8,90

Hongkong, 30th July, 1904.

HONGKONG AND AVHAMPOA DOCK COMPANY, LIMITED.

NOTICE TO SHAREHOLUERS.

HALF-YEARLY

The TRANSFER BOOKS of the Company both days inclusive.

JARDINE, MATHESON & Co., General Agent". Hongkong, 9th August, 1904.

(9a2

EXCURSION TO MACAO.

THE Splendid Steamer

"YING KING,"

Captain Page, will make an EXCURSION TRIP TO MACAO, on EVERY SUNDAY, leaving the Company's wharf at the end of Wing Lok Street, at 8.30 A.M., and returning

from Macao at 7.30 P.M.

The Steamer will lay alongside the 5.5. Perseverance's wharf at Macao.

FARE:

11

tat Class Single Ticket $2.00, with Cabin $3.00

Return $300,

บ

$5.00 Tiffin and Dinner may be had on Board at each meal.

YUK ON & Co., LD. Hongkong, 8th August, 1904.

WANTED.

11 ventilated, with large and airy rooms

For Particulars, apply to-- --

OMER CASSAM MOOSA, 49, Rua Central,

Macao.

[909

4th August, 1904.

"L'

TO LET.

IMMEDIATE POSSESSION,

FOR 18 MONTHS.

EIGHTOR," THE PEAK.

Apply to-

JEBSEN & Co.

Hongkong, 17th April, 1904,

by sending a commission to Japan to consider accompanied by a Commission from the Gov-and nice verandah.

emment of Mexico, visited England, France, the monetary system of that country, and by a Holland, Germany and Russia to consult with memorandum presented to the Government of the United States asking its co-operation in their government, in the subject under con- sideration. in all the countries the purpose of carrying out such a reform.

the mission was cordially welcomed and, speak- The need for such a movement is clearing generally, it may be said that the plans Anyone who has had occasion to travel in the

were in the main endorsed, though there were Interior of China realises how great the con-

numerous criticisms and suggestions on points fusion in the monetary system is. While larger of minor import. Japan likewise, alter consult- transactions are almost always carried on ining with the Commissioner sent to China, gave terms of taels, these tools vary not merely in its approval to the plans discussed in Europe, different provinces but in different cities of the and the Government of China has these various same province, such variations being both in suggestions under consideration.

The main points in any reform of the cur weight and in the touch of the metal, for all tency of China are easily indicated .he cur- taels are in reality but a fixed weight of silverrency system must be under one central control of a certain degree of fineness. Resides the so that the coins or any paper certificates of variations in the silver taela in use in different l'any kind whatever may be made uniform throughout the country of uniform acceptability, parts of the country, there are found also great It is generally conceded that these coins variations in the use of copper cash. For ex- should be arranged on the decimal system with ample in Teking in earlier times ten-cash pieces fithe unit cein of, say, one fael or one dollar [919 had been coined which, at the present time, divided into parts as small as one one- have the value of two. In other cases for every thousandth, representing a copper cash.

From what has already been suggested ten cash of the ordinary size and weight, one above it would be necessary not merely to have lighter cash will be inserted. The number of a standard coin of silver, but to have also cash in the string likewise varies from some so subsidiary coins frepiesenting the halves, fifths, and tenths, and a copper coinage representing say ont-twentieth, one-hundredth, and one- thousandth parts of the standard unit of which small pieces aise the value should be maintain- ed at a parity with gold. In a country like China where the standard of living is low, where the rate of wages is barely above the a gold currency actually in circulation. It is extremely important, however, that the zilver and copper coins which will be in circula. tion, be given a fixed value in terms of gold. This practically essential for the successful and easy conduct of trade with foreign countries, while it will likewise be beneficial to the local trade as well as very profitable to the Govern ment itself.

SITUATION as GENERAL ASSIST- A AVT in a Mercantile Firm Advertiser has knowledge of BOOK-KEEPING and TYPE-to nearly a thousand. A person buying cash WRITING. First-class testimonials.

In the morning for silver may very easily with- in a day's walk find himself at night in a place in which the number of cash given for a teel of Clo Hongkong Telegraph.

silver would be so different both in number Hongkong. 6th August, 1904.

[914

and quality as practically to amount to a new

Apply to-

"W."

IMPORTANT NOTICE. coinage. In-several provinces silver dollars living on, there would be little use for

FRESH ARRIVALS..

BY GIVING A VERY LARGE ORDER,

WE HAVE SECURED THE

are coined; elsewhere Mexican and Hongkong dollars are used, and in some places even Russian roubles circulate, The effect of this confusion in the monetary system: cannot fail to be extremely detrimental to trade in the interior.

The situation as regards foreign trade is little, if any, better. Naturally the transactions in Shanghai are of greater magnitude and are

MEETING of SHAREHOLDERS CO-OPERATION conducted mainly through banks and other silver and copper coins ought ultimately to

be held in the Offices of the Company, Queen's Buildings, Connaught Road, on MONDAY, the 22nd August, at 11 o'clock, Noon, for the purpose of receiving the report of the Directors and the Statement of Accounts to the 30th June, 1904.

The TRANSFER BOOKS of the Company will be CLOSED from the 8th to the 22nd August, both days inclusive.

By Order of the Board of Directors,

THOS. I ROSE,

[88,

Hongkong, 29th July, 1904.

Secretary.

A. S. WATSON & CO., LIMITED.

(4

OF THE MAKERS OF THE

"APOLLO

MASTER

PLAYERS"

ISSUE OF 30,000 NEW SHARES OF $1O EACH. IN LOWERING THEIR PRICES, AND OFFER THEM FROM

DURSUANT to Resolution the General

WATSON

Limited, bereby invite applications from the Shareholders of the Company for the issue of 30,000 new shares of $to each at a Premium of 10 per cent. or $11 a share.

Each Registered Shareholder on the 28th day of September, 1:01, applying for the New Issue will be entitled to one share for every two shares registered in his name. Shares not applied for by those entitled to apply will be dealt with by

WE NOW

$365 to $850.

NEW

the General Managers in accordance with CONSIGNMENT

Article 40 of the Company's Articles of Association.

JUST ARRIVED

PER S.S. "EMPRESS OF CHINA."

Applications for Shares in the New Issue will be received by the Hongkong and Shanghai Banking Corporation in Hongkong from the 28th September, 1904, to the joth September, 1904, both days inclusive, and the whole amount of $11 per share will be payable on application. The TRANSFER BOOKS of the Company will be CLOSED from the 28th September, 1904, to the 8th October, 1901, both days IRON GRAND AND PIANO Inclusive.

WE WILL SUPPLY AN UPRIGHT

The present paid-up Capital of the Company PLAYER For $825.

is $600,000, divided into 60,000 shares of $10

each, and the New Issue is required to increase

the Capital of the Company to $900,000 divided CREDIT TERMS.

into 90,000 shares of $to each.

The whole of the premium received from the New Issue will be placed to the Credit of the Permanent Reserve Fund.

The New Issue will rank for Dividend for the

three months ending 31st December, 1901, pay.

able in May, 1905.

Forms of application for the New Issue can be obtained at the Company's Offices in Alex andra Buildings or at the Hongkong and Shanghai Banking Corporation in Hongkong, Shanghai, and London.

JOHN D. HUMPHREYS & SON, General Managers.

Hongkong, 22nd June, 1904.

ROYAL AERATED WATERS

MANUFACTORY.

[754

RODUCE the highest Class AERATED

PR

A

CASH OR

These Players have been tested in Hongkong

for 6 years (at Peak included) without a

Bingle Failure, which can be said of no other Player.

THE

ROBINSON PIANO

Co., Ltd.

Hongkang, 3rd August, 1904,

[39

agent expert in monetary exchange. More- over, this foreign trade is carried on to a very great extent with countries whose monetary standard is gold. In consequence every change in the value of silver bullion affects these international exchanges.

If a merchant living in San Francisco should sell a hill of goods in Shanghai for say 1000 t.cls, payable on the arrival of goods, it might ea-ily happen that before the goods reached Shanghai, silver would have fallen so much in value that a bargain which, at the time it was made, appeared profitable, may turn out, when settlement is affected, to be a bad loss; or with a gain in the value of silver the result might be the opposite and instead of a loss he might well make an unexpected gain at the expeuse of the purchaser. Business thus becomes to a considerable extent a mere gambling specula. tion, and such a condition of business cannot fail to be extremely injurione

tesson of the losses which may be suffered by individuals has been impressed upon the Chinese Government by its experiences with the payment of the indemnities to the foreign Powers. According to the interpretation of most of the Powers this inden nity is payable in gold.

At the time of the signing of the protocol the value of the Haikuan tael in terms of gold was three shillings sterling. Under that rating the indemnity payable, for example, in 1903 was 18,829,5co taels, Silver, however, bas fallen in value decidedly since that time, and a fall of only 10% in the tael would call for a sum of 20,092,166 taels, provided China recognised the claim for the gold rating of the protocol.

This would mean a loss to China of 1,262,666 taels, a loss which might have been avoided had China possessed a circulating medium of which the value did not vary in terms of gold.

This continual fluctuation in the value of the silver tael likewise causes and has caused for a long time in the past great difficulty to the Go. -vernment in the way of arranging the revenues. So far as any of their obligations are payable in gold a fall in the price of silver means that a larger quantity of silver must be raised in taxes but increased taxes are no more popular in China than elsewhere. Marcover, owing to the system under which the taxes are collected, it has become through long custom the practice of the officials to secure their own salaries or

expenses from savings made through irregular

TO LET.

(559

ILD DELL BUILDINGS, No. 147, WIL

WANCHAI ROAD. Comfortable and Airy Flats of a or 3 Runms, from Saç inclusive of Taxes.

No. 52, HOLLYWOOD ROAD, And others to suit various requirements.

S. A. SETH, Land and Estate Broker, Dairy Farm Co., Ltd.

Hongkong, 13th July, 1904.

TO LET.

[49

EUROPEAN HOUSES, Nos 2 to 15, ROAD, MORRISON HILL, thoroughly cleansed and colour-washed, in flats or whole.

Apply to

It seems to have been practically the univer sal opinion of all of the dozens of officials and experts consulted on this that these have a fixed, value in terms of gold. The differences of opinion, so far as they existed, grouped themselves merely about the methods of securing and maintaining this parity with gold. Some have been of the opinion that a uniform silver currency practically complete throughout the country is ecessary before the question of the gold parity can seriously be considered. Others, however, and by far the larger of the opinion that considerable time must of neces

ity be taken in coining and introducing the new coins, both silver and copper into the 6, country whether they be placed on a gold parity or not, and if the coins are issued at a fixed gold value considerably above their bullion value they will go into circulation practically as readily as though they were issued at their bullion value. When, however, in this case the coins are once actually in circulation throughout the country, the whole reform will have been established, whereas in the other case indicated, after the coins were once in circulation, the most difficult part of the whole task, that of placing and maintaining these coins on a parity, would still remaio.

to continue her indusilini development and in Jittle question that, if China is crease hex prosperity, her new must ultimately be of the same general nature as those of the countries with which she deals; that is, her coins, siver and copper, must have a fixed value in terms of geld. It is extremely desirable that if this end is to be attained with in any reasonable time no false steps be taken at the beginning which will need to be retraced, but that every step taken be one in the general plan of action which will soonest reach the desired end. If the introduction of the new coins on gold parity will soonest attain that object, even though it were for the time being to make some little additional trouble for the people, there can be no question that it should be adopted.

One can hardly expect that so complete a change over so large en extent of territory, with 80 imperfect means of communication, can be carried out within a very short time, but the matter is of sufficient importance, so that both the Government and the business men whose interests would be so greatly affected by any such change may well afford to give plenty of the question, so time and thought and study that they in turn may bring their views intel- ligently and convincingly before the Govern ment. The result of such a movement cannot be other than that of added prosperity to the business of the country, and in consequence a strengthening of the Bnancial status which will tend very strongly toward giving China her rightful place among the great independent nation.-N. C. D. News,

COMMERCIAL

TO-DAY'S EXCHANGE.

Selling

ratings in taxation. A tael which is worth commercially say 1,030 cash, though collected London-Bank T.T..........

demands--meo in terms of taels, is actually paid in copper. Do

Do. 4 months' sight........................................1/10t cash at an exchange of perhaps 2,400 or 2,600

France-Bank T.T. (nominuope This means that balf of the money collected or

America-Bank T.T. more goes either for the payment of local Germany-Bank T.T..

India T.T

Do. demand........ Shanghai-Bank T.T. Japan-Bank T.T........ Singapore-Bank T.T. Java-Bank T.T. 6

Buying.

WATERS in the Far East on account of ESPECIAL OLD TOM GIN. expenses not otherwise accounted for era their High Class Machinery and also of the superior ingredients they use in the manufacture Marshall and of their goods, and the cleanliness, &c., are sil under strict supervision of Europeans only.

REPORT OF AN EXPERT.- -

The representative of Messrs. BRATBY and HINCHLIFFE, LIMITED, Aerared Water Engineers and Chemists, Manchester, visited our factory recently in the course of a tour amongst Eastern Aerated Water Makers, and was greatly surprised at the compactness of our factory and also the methodical way in which everything pertaining to the making of Aerated Waters was carried out. He also expressed him. self strongly on the absolute cleanliness of our whole establishment, which he assured us was equal to any he had yet visited and superior to a great many. He also reported that the quality of our goods was of a first class nature, and they showed that scrupulous care was exercised in the course of their manufacture,

Elvy's

fatinette

DOUBLY DISTILLED

AND OF MATURED AGE,

Order Books and Price List. Please apply to TO BE OBTAINED FROM- FACTORY and OFFICE, West Point, Tel. 367, Depôt, Ice House Street. Tel. 374.

Dr. V.DANENBERG & P.P. DANENBERG.

General Managers,

Hongkong, 20th May, 1904,

THE MUTUAL STORES,

Des Voeux Road,

1677

Hongkong, 11th May, 1904,

salary to the official concerned. A good system should make it easier to change such custome. It would doubtless be possible to enumerate many more of the needs for the currency reform of China, but at the present time pope seem more pressing than those just enumer ated, any one of which is sufficient to show the advisability of earest effort on the part of the

Government.

As has been intimated the Chiness Govern ment has undertaken seriously the study of the question.

4 months' sight L/C 6 months' sight L/C,

do.

1/10

.1/10 1/16.

..2.31

...44+

1.87

.137

137

72

90%

Nominal

110

:1/10

30 days' sight San Francisco & New York 434 4 months' sight jo days' sight Sydney and Melbourne......1/10 4 months' sight Frascopu 6 monthsight

4 months' sight Germany...hemse

Bank of England rate Bar Silver

OPIUM QUOTATIONS, Today's quotations are as follows:- Malwa New : vario

A committee for the management of a new mint has been organised, a building begun, new machinery ordered, and plans for the pr ganisation of a coinage system have been made. Comparatively lately arrangements have also been made for the organisation of a na tional bank to put the new minney into circula- tion when it shall be ready for the sccpmula Paina New tion of a gold reserve in case the Government Donates New Los should fad li desirably to establish ite system | Perlas (Papes) umutigen

J

Old penseze Older popu Oldestij

.......

2.35

..2.361

1.92

264

...3 %

Per chest @ 980/1,040

1,000/1,120 1,130/1,200 1,320/1,380

1,172

1,150 #407880

CHAN SHAU Ú

or

A. STEVENSON,

Agent for Lessee,

C/O THE PHARMACY,

房菜大法中

No. 56, Queen's Road Central, [915 Dongkong, 6th August, 1904.

TO LET.

SEYMOUR TERRACE, 4-room House

and side verandahs, $100 and Taxes.

Apply to--

"CHEAP," C/o' this Paper.

Hongkong, 4th August, 1904.

NTHE PEAK

(908

TO LET.

TERRACE,

1, STEWART

Apply to-

THE HONGKONG LAND INVEST-

SEAU BA 1.D. Hongkong, 26th March, 1904.

[430

TO LET.

GODOWN No. 6, NEW PRAVA, Kennedy

Apply 10-

TOWN.

THE HONGKONG LAND INVEST- MENT & AGENCY CO., LD. Hongkong, 28th July, 1904.

TO LET.

(883

[O. 1, RIPON TERRACE in FLATS.

No. 4, RIPON TERRACE.

No. 1o, WONG NEI CHONG ROAD, facing

Race Course.

FLATS in Moreton Terrace, facing

Polo Ground. OFFICES in course of erection, CON-

NAUGHT ROAD (Dear BLAKE PIER). GODOWNS: PRAVA EAST. No-1, CLIFTON-GARDENS. OFFICES in Nos. 10 and 16, DES VEUX

ROAD CENTRAL.

Apply to-

THE HONGKONG LAND INVEST. MENT & AGENCY CO, LD, Hongkong, 27th July, 1904.

DOUBLE IRON BEDSTEADS with WIRE and HAIR MATTRESSES, MARBLE-TOP WASHSTANDS, TEAK-

WOOD EXTENSION DINING TABLE, VIENNA CHAIRS, FICTURES, &c, &c.j.

ALSO One COTTAGE PIANO by Collard and Collard, London (in good order and condition);

AND

A Quantity of PALMS in POTS. Catalogues will be issued. TERMSAs usual.

HUGHES & HOUGH,

Auctioneers.

Hongkong, gth August, 1904,

PUBLIC AUCTION.

[dto

THE Undersigned have received instructions from Messrs. Dick, Kerr & Co., Ltd., Contractors for the Electric Tramway Co., to Sell by

PUBLIC AUCTION,

ON

TUESDAY,

الليله

the 16th August, 1904, at 11 A.M., at their Matshed at Causeway Bay, SUNDRY TOOLS

AND

IMPLEMENTS, belonging to the above Firm, Particulars from Catalogue, TERMSAs usual.

HUGHES & HOUGH, Auctioneers.

Hongkong, 9th August, 1904

PUBLIC AUCTION,

[921

HE Undersigned have received instruc THE

tions to Sail by PUBLIC AUCTION, FOR ACCOUNT OF THE CONCERNED,

00

WEDNESDAY,

the 24th August, 1904, at 3 Pikk, at their

Sales Rooms, No. 8, Des Voeux Road, (Corner of Ice House Street), HE British Screw Steamer

"HOICHING,"

THE

Built in London in 1879, Length over all 175 feet, Breadth a6 feet, Depth 14 feet, Gross Tonnage 500, H. P: nominal 200, Cylinder 28

in. by 48 in., Stroke 22 in. Revolution of En- gines per minute 80, Working fressure 60 lbs.,

3 Donkey Engines and One Winch,

She has a Government Licence to carry 400 Passengers. TERME Á usual. For Further Particulam, apply to—

HUGHES & HOUGH, Auctioneers. Hongkong, 4th August, 1904.

[910

THE WINE GROWERS SUPPLY CO.

WD

TRADE MARK

BARRETTO & Co.,

General Agents, Hongkong,

HOCKS AND MOSELLES,

Per Case. Per Case.

I doz. qtr. 2 doz. pts.

Rudesheimer 1900 Uerriger 1900

$17.00

$19.00

18.00

20,00

Rudesheimer Engerweg

18.00

20.00

TB07

Johannisberger 1897

22,05

24.00

Zeltingerburg 1900..................

24,00

25,00

CLARETS.

For CRIC,

I dos. qte,

1879

St. George ......

54.00

Cru Wyabron...mmmácimum Côtes

450

5.00

THE NEW FRENCH REMEDY

TRADE THERAPION MARK

This occidul and highly popular remedy, used in the Continental Hospitals by word, Rostan, Jobert, Valpes and athers, combines all the desiderata to be sought in s medicine of the kind, and surpasses everything bithesto

ployed.

THERAPION NO.1

markably

short time, Ditenstew dayssaly,remoresalichargerfcom tourinarorgans,lactually superseding injections, the ang of which does irreparable farm by laying the foundation of stricture and other serious diseases. la dysentery, ple Irritatios of the lower bowel.cough, bronchitis, antzas, and some of the mare trying complaints of this kind, it will be found astonishingly ricacions affording prompt ralet where other well-tried remd have been powerless

THERAPION No.2

purity of

the Blond, suray, plumplir, shule, bluteles, pains soð swala ngs of the jos, kes pilare nymptoms, gout, rbanmizin, and all diseas. s for white heer fuq much a fashion to emplus mervory, siraghilly Ze, to the destruction of This preparation Bertolt and of walth, purifieathe whole system through the flood, and thoroughly elainates every po'ssions matter from the body.

far

THERAPION NO.3

exhaustion, pain di bf 9. Kovplessness, and all the distressing consequences of soily enviar-exeous, residence in bot, unhealthy climates, ka, pokusira surprising power in restoring vicength and leat for the dubditatel.

is sold by the prin.. A c'pal Chemists and Merrhart-zisroughoni t'in world, T'eau in England sig $86, in ondering, at all the three auguera is re-.. “quired, and plyserve abava Trade Mark, which, in a face

•le of went unnaring" by it appears on the British Cocherament ranus in dane letters on a fit grounds a fixed in crary package by order of {} = Majesty's Hoo Comp, and without which is is a forgory. Sold by ApS, WATSON & Co., Limited,” Hongkong, China and Mápila,

THERAPION

Montferrand opposi 3:50 Medoc...........

St. Emilion.....49/18(T

St. Estophe...SEEN-ELSERJAPULETəənədlər

6.00

6.00 6.50

St. Julieb,............dentagarenarin · 750

SPANISH CLAREŢ, ·

Bottled by La Companis· Vinicola del Norte de España, Bilbao,

Per Case. 1 dox, qts.

Rioja Clarete... $12,00

BEER,

APANESE

"KABUTO" BRAND,

Fer Case 4 dor, qts, ............................. $10.50 :

*

8.dor, pi

HIRANO

$12.00

WATER;

PEACOCK BRAND.

Per Case 4 dos pin

Hongkong

1904.

(703