1910-06-25 — Page 5

Hongkong Telegraph 港電新報 士蔑新聞 All

CHINHAI BAY AS A NAVAL

STATION.

SATATEMENT BY REAR-ADMIRAL MIYAOKA,

>

THE HONGKONG TELEGRAPH SATURDAY JUNE 25 1910

COMMERCIAL

June 25th, 1,00 p.m...

M BREIGHT MARRET,

WEEKLY SHARE REPORT. Maints, Lamke and Rogge wills in their Messrs E S. Kadontie & Co. write on 34th Reviewing the share business for the week,

A Japanese naval station in to" bo establish by wire, are supplied by Messrs. E. S. Kadoorie follows:-When writing our last freight rogonally active but with the exception of a ras lo The following questions for rubber shares, fortnightly freight report of the asth fast ainst:The market for local stocks has been

ed at Obighal Bay, Korea, and the necessary works have been started upon this year, the antimite hovleg been approved by, the Diet). during 'the last session,· The following state. ment by Bear-Admirai Miyaoka, Commander of the defences of the bay, appears in the Oraka Mainich translated by the Japan Chronicle¡~

"The name of Chisbal Bay has long been known to the public at home nud abroad but very few people are familiar with the situs- tion and physical features" of the day." It in almost equal in sizsto Tokyo Ray, “The spot wherethe Japaniss naval guards nie at present. wtailored is called Syong Jin, a little remate “villige situated between the bills,

THE HAVAL STATION.

is to be established in a small bay popularly "known as Kendo, about eleven miles south of Masampho. Chinhai, Bay has, many,historical assacivious," On the occation of her invasion of Korea, the Empress fingo choss the bay as the landing place for her: forces (this incident" is mat historical, but legendary), and when the Tartar army warest to attack spao ['o the thirtantth. century] the bay was mide the basis. of its operations. Hideyoshi also landed bis forcanthers on the occasiún of the, îngasión ol the paninsula (at the end of the sixteenth ceptury) Fioni the fict that the spot has bean sofrequently choncé as a base for

AGGRESSIVE OPRRATIO 4,

ARC

it can be steu that the bay in admirably suited for the eqairem ints of a modern paval station. The patural feature of'she' laud, the climate, and the depth of water in the bay elt that could be desired. When complete accommodation is provided, it will make one of the finest naval šiations in the world It will be a particularly good place, from a cli matic sandpojol, for the training of officers and mts.

"A guard of bluejickets has been stationed at Syong-jiu, but

THE BARRACKS

beis and just a hay stood during the war, no improvements having been efficied in the accommodation. Ibere are no bustbest offices, go official quarters, and pe electric light. The absence of those cuLynniences might be put up with, but tho 1901 wf the barracks leaks," the tant are spoiled, and the place is scarcely babitable. Muneaver, supplies of daily necessities are only brought by a Japanese warship, which occasionally, cule in at the Bay, The rival authorities are quite justified in appealing to the Diet for immediato allestion to be paid to the improvement of the works on the bay as was done in the last session of.ibe Dies, From

& Co. - ***

Allatars...................

An, la-java m Fr. Malays Balgownies...... Balu Tigas...

Bukit Kajangs (pp.)............. Bukit Rajahs

Tla ig 28/9

Caroy United..........................25/* prem Castlefields....................................................125/»' Changkat Serdangs

Damansaras.....170/- Eastern Internationsis ..............gafé pram. Fe Selangora egzaminuota Glede lys Glenshiels

CELESTE $3*

Golcondas.........................#38). Golden Hopes......*...................... → Highlands and Lowlands 136/6 Indragiris....

•loch Kenneths. Jequial

Jonglandors

Kamonings

Kuala Lumpors

....8/3 prem.

Lanadrous (fully paid} Lanadrons (ppd.)

Linggis

Ledburger.'...... ..... -95/- ..6110 16/3

London Asiatics.....

Loados Ventures...?! Merlimans

Pajama

Pegoh

Rubber Trusts

Saggas...

..$16] ..$43

...46). pram.

Sandycrofts.

Sapongs

SeaBaldy

Sekoogi ..........

Shelfords........

.....37/6 prem

:75/3" Slugopora & Jábores ..............$29. Surra Paras 13} Sunget Chous Sungei Kapars

18/3. TandJong...... 55/prem. Tangkaha......................................27/6 prem. Tooraugle ............5/- prem. nom.

United Serdangs are nonimmt 33.6 United Singapore ............$1 United Sumatras United Langkats

Para Rubber

wown's

......................................10/- per Ib.

MAY HUBBER RETURNSĄ,

· · PROOH LIMITED 3,26 lbs.."

our market was firm though Inquiries and generally fallen off. The fortnight under review bas, however, quite against all expectations pre:

senteda very miserablaattitude and the businen affected is very much smaller than that of the preceding period. At the close the market is exceedingly quiet.

Saigon/Hongkong.-Owing to heavy im ports of grain from Haiphong and Bangkok arrivals have mat with a declining market, and chartering operations from Saigon to, this bave been suspended, except that an occasional boat has been taken up. There being also very ludo doing to other directions, rates bave in coorrquence dropped from 33 cents. to 18 cents again, which latter figure cau be taken as the closing rate.

Saigos/Hankow. As anticipated fresh busi- news has resulted in the fixture of another steamer at last rate paid, l.a. 35 cents, and wa hear of regular loans also getting a good deaf of rice from here to North China ports and Гарап.

Saigon in other directions, no further charters are reported.

.!

1.

Bangkok.---Owing to temporary small arrivals of paddy from the interior liners are sufficient to supply present wants. The strike of Chinese „coolies at Bangkok on account of the increased poll-tax is not yet souled, and we have another boycott here. Local buyers of Bangkok rice not being satisfied as to the credit allowed start. ad a boycott promptly, and as godowns are filled a number of steamers are receiving very, poor despatch.

#

China Sugar and Cantos and Macao Steam- ship, pilces have undergone very little change. A sinart rivs in the price of Shell Transports

Rubber-The week has been a quit one osest also be recorded. with a steady undertone but closes with a die tigel'improvement in prices following the visa in the raw material, which is now per 15, for Fine Hard Para

quoted 10 Banks-Hongkong and Shanghai Banks bara been dealt in at the improved rate of $95. The price at Home after receding to 88.15/ has recovered to £8910f," Nationals are unchanged and can be placed at 575.

Marice asurances-Cantons have again been bought at 5:778. Unions show signs of strengthening, and close with buyers at $820, Nonh Chinas have risen to Ti5, 115. Yangisros aïs in demand at $200.

'It

Co-day's Advertisements.

FOR SINGAPORE, PENANG AND

CALCUTTA.

Taking Cargo on through Bills of Lading le Rangoon, Madras and Mauritias, THE Steamship

THE

Captain G. F. Hudson, will be despatched for CATHERINE APCAR”

the above ports on THURSDAY, thì joth inst, at Noon..

For Freight or Passage, apply to!

DAVID SASSOON & CO, LIMITED,

Agents Hoogkong, 25th June, 1919. 7 [458 NORDDEUTSCHER LLOYD BREMEN, IMPERIAL GERMAN MAIL LINE.

·JAPAN-CHINA-AUSTRALIA LINE.

FOR YOKOHAMA AND KOBE.

"OOBLENZ,"

Fire Lasurances-China Fires have been the THE Steamship medium of a'lair business. The market, bow- aver, is eatler and shares are obtainable st5041,Captain H. Raegener, will leave for the above Hongkong Fires advanced to. $350, mail sales places TO-DAY, the asth Juns, at Midnight, at this price having taken place...

This splendid Steamer is specially fitted for Passengers and is installed throughout with Electric Light.

Shipping Hongkong, Canton" and Macao Steamboats bive again been largely dealt in, sales as high us $33 bsbg reported. At the cloan, however, the market is not quite so strong, and shares could, probably be bad at $1 Idde Chibae have rúled rather, quiet during the work but a few transactions bave been put through at 556. London comes un- changed, vir: £4. Sf. for the Preference shares and £2, 5/; for the Ordinary. Both Douglas Steamships and China Manilas are quitt at quotations. Star Ferries are still quoted at S14 for the old shares and $14 for the new. Shell Transports have experienced a

It is to be hoped that the parties concerned will soos come to some satisfactory, arrange, ment; should this not be the case, we will no doubt serenowed activity from Saigon to this.start rise; sales at gaf- and 91/6 took place in the early part of the wack, but the market Nowchwang/Cables. Only one fixture is on quickly advanced here in sympathy with the im provement in London and a large business bas been transacted at rapidly rising rates-101/ being now the closing boying rate. Holders of Bearer Warrants are reminded, that Coupon "No. 14" if now payable, representing the suns of 3/5 (viz. 2/8 final dividsad for 1909 and 1/ interim for 1910).'

récord at last rate: paid.

The North report very little demand and rates all round declining. Yangue River to Canton, nothing doing.

"

A duly qualified Surgeon and Stewardess are carried.

For Freight or Passage, apply to

NORDDEUTSCHER LLOYD,

MELCHERS & Co., General Agents.

Hongkonu. 25th June, 1910.

NORDDEUTSCHER LLOYD, BREMEN, IMPERIAL GERMAN MAIL LINE. NOTICE TO CONSIGNEES.

THE Steamship

"COBLENZ,"

Intimations.

CHEESE

MILD CANADIAN STILTON

60 cents per lb

THE

DAIRY FAUM CO.,

LIMITED.

دا

The "ASAR!" Brewery is altuated mar

the "SUITA SPRINOS,* *. These Celebrated waters are used in the manufacturs of our bra,

Parity guaranteed. ĮNota Price Édit

"ASAHI" & "SAPPORO "

Довга

per casa 4 dor, qizl $12.00

per case doc, p. $18.50

To be obtained at all Reullam

NOTIOE.

versed in literature, has been a taucher

having arrived, Consignees of Cargo are hereby MR. LI HON FAN,Chinase graduate informed that thoir Goods, with the exception to Europese officials and merchants in, this of Opium, Treasure and Valuables, are being Colony for over ten years. hazardous and/or exira hazardous Gedowns of landed and stored at their risk into the

'He has a good mathod of training 'Ear- the Hongkong and Kowloon Wharf and Goans to pass to the Chinese examination, sud down Company, Limited, Kowloos, and West Chinese teacher. He has also a good know-

is possessed of a first rate certificate as Point Godowas, whance delivery may be ledge of andarin. ds/obtained.

No Claims will be admitted after the Goods language are requested to write care of Those who latond Tearning the Chizus bave left the Godowns, and all Goods remain- ing undelivered alior the sad of July will be subject to rent.

Cal Freights from fapid have also weaken. ed, Latest fixtures have been as follows Mike/Hoogay $1,80, Hongny/ Shanghai $415, Hongay/Chiokiang P. T., Halpsong/Canton Refineries--China Sugars hava further im- $1.25, Labuan/Kloils $, Straits. Currancy, proved to S168. Luzons cuptione neglected. Pulo Laut/Singapore$LIO, And Moj/Hoogkoog, Mining-Raubs are offatlog at $7 and males medium god vassals $1.80, whero.s large at lower rater are reported, Chinese Engineer- carriers have been chartered in London ating and Mining Co, are obininable in the North lower figures,

as Tis..374 Oricotal Consolidateds have len to 4 in London, Headwaters 16 inquired for at par,

Time-Charters--A low steamers have been taken up, all of them are for caule trade. S.S. Hsin Sken two months at $5,000, 3 & Doura three months at $5,900, and 2.3. Spir prompt delivery, two mouths at $5,000 per month.

Sales. The small German 5.8. Hoangho has been sold to Manila to replace ha N. 8, del Pilar, which vessel sanx quite recently off the Coast of Mindoro. We hear alss of the Ger- man, s.a. Singora to Japan. She is now in "port and in to be delivered very shortly. Terms in both instances are kept private.

All broken, chafed, and damaged. Goods are to be left in the Godowas, where they will be exathined on the and of July, at 9.30. «M»; ́

All claims must reach us before the 6th of

July, too, or they will not be recognised,

No Fire Insurance will be affected. Bill of Lading will be countersigned by the undersigned,

NORDDEUTSCHER LLOYD, MELCHERS & Co General Agents,

ej

Hongkang, 25th June, 1910.

Honghong Telegraph office or direct to 37, Hollywood Road, and floor,

Hongkong, ird January, 1910

HUNG ON & CO.,

SHOW ROOM AND STORE

at the Promises formerly occupied by A CHEE & Co. 174, QUEEN'S ROAD CENTRAL.

GENERAL UPHOLSTERERS AND 'FURNITURE"

Docks, Whitves, and Godowan.-- Hongkong and Whampoa Docks have, had a further net back and have been parted with as low as $53. Shanghai Docks are still offering at Tls. 78. Kowloon Wharves are also easier with a low shares obtainable at $57. Shanghai and Hongkow Wharves are unaltered, at-Tl. 118,

Lauds, Hotsis and Euilding-Hopkeng WRITE the Anglikman:-111s Highness the C Lands have been dealt in to a 'smail extent at are still it quired for at $32. Shanghai Lands R jak has now given bis reason why the a curious public is always available. The Sail Tonnage loading or to load, For

are the same as last week, viz. Tis 107. Hong- Baltimore and New York Brit barque Edigre, koog Hotely, both old and new shares. Contious happy land of Sarawak is what it in. Hin High. Kendo, and the place is uninhabited.'‚ In the opening of more and more Chisest ports to sober. Brit. ship misopolia, 2,653' cops aut. piried with st.533, bai there are buyers at the very largely to the absence of lawyers and 2,959 tons mat. reg,, to lead in Septembar/Ocat previous quotations. West Points have been De's scribes the prosperity of bis dominicar

THE JAPANISH POINT OF VIEW the place looks like an uncivilitud fand of a- century of two ago, and the,uyrds stationed there are practically exdes. Kendo, where the naval stilon is to be claulubed, is a barren district, and even sow oue cansut pbtain food there. And one visiting the place has to take bis food with bim. Korean hamlets are teat. tered about within a distance of about two miles. There are no roads and no houses

scheme for establishing a pavai station there, the authorities, as a preliminary step in the work, bave planted 350,000 trees on the sur. rounding bills. At the same time a good..

WATER SUPPLY

· has beau sought for, for the purpose of con atructing proper water-works. Immediately an estimate of Y550,000 for the first stage of the work was approved by the D.et in the last „session, the work of levelling the ground for the

HONGKONG'S PROSPERITY,

FINANCIAL. MAGAZINE'S VIEW,

The prophets that foretold that with the

trade Hongkong must forfeit the preud por 60s she now occupice, are now found to be in the wrong; and a perusal of Commander Basil Taylor's report on the shipping and trade of Hongkong shows that the prosperity of Hongkong is unabated, writes Capital and Commerce in a leading article. It is true that the Chinese ports will like more and more of the imde of the empire, but at the sims time it must be understood that commerce and industry is also developing at a pace, which

China never knew of before. Hongkong

site of the Barracks, the guard rooms, torpedo. station, and the Supply and Paymasters Office; was stated. The removal of the naval barracks. possesses at Syong.in will admit of no 'delsy, as the

UNRIVALLED ADVANTAGES building is so badly damaged that rais comes as a centre of distribution; and considering the through the roof. The work of levelling the fact that she has hold her position: for several ground will be completed by the end of Ocio-decades, we shall not be lit wrong when we ber next, and the

say that for several decadea to come she will CONSTRUCTION OF THE NUW BARRACKS bold her proud position as the pramler dir will be foisted: balore the "ead of the year,ibuting contre in Boùsh Chine. Works required no less urgently are the cou A glance at the repurt, extracts from which struction of a coal depo, sad waurf, and these was published in those columos, shown thai are now prac ically finished. The construc- bad as trade was in 190, Hongkong had stilla tion of the waterworks is now being `pushad measure of prosperity which was denied to .on. The estimate of Y,50,000 is not more many author port in the Far East, The rite than enough to meet the expenditure for pre-of Hongkong is only short of a marvel, The paring the ground for the various buildings shipping of the poit has increased fourfold which are to be opened. For converting the dining the last two decades, and a brief reler place into a perfect naval station, at least once to the aistics will show that trade has Y10,000,000 will be required. With the existb.to increasing by leaps and bounds. ting naval stations, say Kuse and Sincho, the What is the ideal naval scheme could not be realued to the

SECRET OF HONGKONO'S SUCCESS?

money

fall on account of the peculiar circumstances Besides her satural' position and advantages, of the sprroundings. As the Chichai Bayaniocatty suited to be a great distributing navať station is to by established on barren,rentio, abersaro more vital facts which, clea uniohabited land; the ident naval scheme can thinking will go to prove, bave contributed to be completely realised. It will be made a per- maintain her in her present proud position, Il fect naval slop, to which this latest naval might be possible to find another place which scientific principles will be applied, without possesses pahups greater natural advantages. leaving anything undone which should be 'It might be possible to spend huge sums of done."

and construct barbenz-works, * magti. ficent buildings and what not, Just as the Kus Ma Fujia, Japaners Consul at Bombay, and is, in a messure successfully, "did in Dalny Mr. Segawa, Japanese Acting Consul-General All these will not go ler when the Guvera at Canton, arrived at Kobe on the 13th justant meat is incompetant, the officials are rapecious, by the H.Y.K steamer Affakta-paru (tom and there is no impartiality in the Judicial Hongkong, and proceeded to Kyoto on their tribunals. Hongkong became prosperous be way to Tokyo, Mr. Segawa was accompanied. cause of the Governmeut, which stood by his family. Tux master of the British steamship Catherine Apear reporta having passed a baby adrift in Lat 14°5′ N, and Loog, 11°21′ E, on 21st June, 1910. The buoy was green in colour, with a conical pige and diamond, red. It was in good condition, and apparently bad not long been

drift.

:

SYNONYMOUS WITH LIBERTY

for any one who came to vaside in her shożar, liberty for the producer, liberty for the con

mer, end freedom of movement for all,

|

reg., to fold in November/December,

Sail Tonouge Discbgaged :—Brit. barque Arrow, 1,911 tons beti reg, arrived aoth May.

Departure of Saiters-None.

YARN MARKEY.

IMPORTERS AND DEALERS.

par but buyere predominate. Kowloon Lauda Rajah of Sarawak wears a halo of toma 'ce and descriptions, always on band, for sale or an

rate. 1

Cotton Mills-Hongkong Coitans are obtain able at $6. Ewos, according to latest advices by wire are offering in the North at Tls.12, Other Northern Mills by mail advices are also lower and are as follows:-Laon Kung Mows Tii, 70, Loternationals Tls 62 and Boy Chees Tis, 240.

ROOKERY, Cutlery, Electro and Silver Plated, Glass and Iron Wares of all hire at moderate rates..

Hongkong, ist Jaos, 1910)

NOTICE TO SUBSCRIBERS,

missionaries. He has followed the policy of FROM and alter est Jasury, 1909, the his dutinguished predecessor and excluded Telegrapă (dally and weekly isines) will be as rates of Subscription to the Honghang follows

lawyers from the courts of Sarawak. The missionaries are also not allowed to carry on prosetolysing work among the people of Sara. way, whp ara Mohamedans. According to the Rajah of Sammak, iswyers are not necessary to the well-being of a State. And we have all along been taught to regard them as the pillars. of a State. In some works of law, it is laid down that, bo well-constituted Stats can exist without lawyers. Barawak is perhaps an ex- ception to the general rule.

Events Coming.

Tuesday, 28th June.

V. R. C. annual meeting, 5:45 p.m.

Monday, 4th July. Hongkong Ice Co, extraordinary meeting,

Wednesday, 6th July. Licensing Board meeting, a 15 pm.

"Hongkong, 24th June. Miscellaneous-Forced sales of Green Is market has been vary quiet with nothing doing China Providents have been booked at 584. Biage the issue of our last report, the yarn lands have brought the market dowa 10 $7.

On the last occasion, we reported that a large Electrics and wonted at $49! after sales algio, busiņass bad been transacted, the local dealers China Lights are out of favour at Sið. Ropes having bought heavy cargo at cheap, sator, are asked for at. 522, but there are no shoes They have since been endeavouring to dispose offering under & Dairy Farms cad be had of their extrative stock to country buyers, the at Sigh, while buyers offer Sig. »Watoos die largo stock uf'uadisposed holding in their bands inquired for at $67, Steam Laundries cao be Accounting for the natural reiclon in the placed at $5i ex the dividend of 50 canis just volume of bus nose dane. At the baginatug | paid. „Lunghats advanced to. Tin. 1,480 bạt of the long ght, a trivial business was put | close with sellers at Tis. 1,450,” | Sumitras have through at last' quotations. The Shanghai | weakened to Tip: 240, market continues Welass and bas bad

доор, Rubbers.—3 spasmodic demand has emanat- the effect of preventing local dealers from ed from Singapore but litila ·business bas ending cargo to Northern ports, the resulted. Singapore, and Joboies has bein Chinese dealers being in a comparatively done at 119 and Glenoalys at 51,80 to $3. Bal- helpless condition owing to the absence of gowofer can be obtained at Sig: Pajami me Nortbem buyers. The Indiso "market is quoted Si6) nominal and Peguhs have been reported steady. Holdem are keeping aloof sold at $13. Sandycrofts are steady at Sup: lo and watching the- market. " At the close, the London stocks, United Sumeiras have changed market is quiet and there is nothing doing,

hands at erjó and Landon Vestares at ralen Total sales 8oo baler,

anging from 5/5 to 7/6 Kamusings hava bean dons at 8/6 premium aud Carlefelds at 130f.. Batu Tigus an quoted prof, with probabin buyers at 107/6. There are local sellers of Serdangs of 132/6. Bertams have gone to London at 3/6

"Exchange.-The". `Bank's 'drawing' rate, on London is ily gió on demand and the T.T. rate on Shanghai in 744.

Untold stocks 14,000 balās.

arrive 44,000 bales.

Sold but undelivered in the godown and to

Nos, 61 & 81.- No demands even at cheap

Fates.

No. 101 & 201À nominal business has bean put through.

No. 121-Nothing delag.

':

1

No. 16-Oos mill has done business. Persia and Ceylon Mars from Bombay, and which arrived at Manila on Sunday morning Aurivals The mail str. Delta and oxira strà, Thin passengers and crew of the liner Mongolia str. Zaising from Calcutta have brought in from San Francisco had the unique experience 132 baidu for Hongkong, and 3,700 bales for el a severe squake. The big liner was of the Shanghai; no shipments from Hongkong to Pescadores and it was 1,25 on Friday afternoon Shanghai, and Coxus porta.

Shanghai-Continues dull, the same condi- tions prevailingus have obtained during the last two months.

Japanass Yarn.No. 10s declined $1. Sales, 250 bulan at $55.

Local Mill, Nothing doing,

when the first shock cains. It gave the huge crák a fölt, that startled every one on board. Sump thought that the vessel had touched hot- com, others that there had been a collision with a whale or a place of submerged wreckage, others that the tail shaft bad mapped off."

On the advent of the day when the Govern

Raw Cotton-Owingto the higher rates pro- | THE EM, Rigel suiled from jeabala do Basilan ment of a single city in Chion is able to stand vailing them has been nothing doing in Bengal, daring the work with a fall cargo of lamber comparison with that of Hongkong, Hong. About 500 balas Bangal have been shipped for and hemp for llall, Cebu and Manila. There kod cities, howe9ersity Chiassou, the Japanese market. Stock, 350 beles Bengal persoon Bay Bonded Ranges millie

and cities, however many Chips may build only. Quotations: Bisgal: $33 10 $37 and from THE savage steamer Protector, Captain Chrisë | the Chinese trader himself will prefer to debis - Ohinese $15 to $im, YSY POR

returned to Manila from Royal Captain business only from such saía hayobu an the Rupeas, T/T, 134) - Rapast,

bf Palawas, en iho soth leat Captain British Colony/iThe successful growth of Sterling, D/D 1f9 9/16. Sterling, said that all traces of the Kirk sold, trade in China is synchtanans with good Bar Silver 248öz Shanghái,

thit the vessel had slid off the yarnment, and the ports wader, foreign con vsak in 200 fathomi. The Prossed fear no competition from Chinses

Lyon

wge monde of ger

13,0 100,000 board' fsst

Including

DAILY-536 per annum. WEEKLY-S13 por kanum,....” The rates per quarter and per mensam, pro

portional, Subscriptions for any period lass than one month will be charged as for a full month,

The dally Inca is delivered free when thị address is accessibia to massanger, Pant subscribers can hava, their copisa" dalivared at their residences without any axirs charge. On coplas sent by post an additional $1.30. per quarter is charged for postage.

The postage on the weekly Imne to any part

of the world is go cents per quarter. Stagle Coples, Dally, tam cesta. Weekly,

twenty-five cents (for cash, only).

(PAYABLE IN ADVANCE.). There will be po rebate to "Moufomary" subscribers as Eerenvíore.

By Order,

THE MANAGER, Hongkong Telegraph Co., Ld

A BRANDY THAT CAN

BE RELIED ON.

Martell's Brandy has a World-wide reputation to maintain, and the enor- mous consumption of this Brandy in Hospitals, Hotels, Clubs, etc., proves that it is maintaining its reputation as no other Brandy can do.

H. PRICE AND CO., LTD.,

SOLE AGENTA

12, Queen's Road Central,

HONGKONG

Page 5Page 6

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