1916-09-27 — Page 9

COMMERCIAL.

Oriental Steel Manufacting Co.

Prosperity of the Bank of Montreal.

COMBINES IN THE METAL TRADE;

THE HONGKONG TELEGRAPH, WEDNESDAY, SEPTEMBER 27, 1916.

How Pooling Sends Prices up.

rail, 3000 miles Lyn water, and then to sell here at 15 per cent. below the charges of the combine. If this is the case in connection with one combine there forme to be a ones for inquiry with regard to the others

and there are over 50 of them- in the metal trade. How many hundreds of pounds it may be the Government millions-is paying to swall the profits of British truste?

trade.

The

WEE

trusis

I

--JOURNEY ACROSS

GERMANY.

"HONGKONG SHARE REPORT

Experiences of a Dase.

The following is from a letter which was received from a Danish engineer, who had to crom the north of Germany `on'` bin 'way home to Denmark from Bäence

»

8-SELLERS; BA.—SALES; R-BUYERS; N.—NOMINAL.

BANKS.

BANK OF CANTON

LIMITED.

BANKS

HONGKONG & SHANGHAI

.*

BANKING CORPORA

TION. HEAD OFFICE HONGKONG. Paid-up Capital

RESERVE FUNDS:

Sterling

·FÓREIGN EXCHANGE and General Banking Business Trans- acted.

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- ceived.

INTEREST ON FIXED

DEPOSITS:

For 3 Months 3% per annum

For 6 Months 4% per annum

For 12 Months 41% per annum

LOOK POON SHAN,

Chief Manager,

NOTICE.

OFFICIAL PRICES.

BANKS.

Banks

b.

$755

MARINE INSURANCES.

b.

b

17.

Yangtszes

$400 t. 155 $920 n er 73 8260

FIRE INSURANCES.

b

b.

$154 $385

SHIPPING.

sa. r. d. $123)

b.

$22}

RUL. b.

$159,

$46

b.

Sa.

110/- $28

REFINERIES.

b.

$361

1.

30;-

b.

't. 25

$234

n.

307-

13.jc a.m. 10 20943 Piala to TUS, PM, LC

1.5 2.M. . . R.AS PRI

as M

T.

34/-

1.00 Fam

1:00 PM, LO

10 T

$841

The Oriental Steel Manufactur. ing Company, organised by pro miest Japanese Knanciers is now reported to have been ospitalized The exposure of the galvanised at 125,000,000. The company iron combine scandal by the plass to produce 177,000 tons of Daily Chronide at the end of pig iron annually. The mills will 1914 will be fresh in the minde

This is not all the story. turn out: 200,000 tons of steel, of readers says a resent issus of with waste iron and iron ore, out that journal. It way demonstrat Government in May this year Ayres. The following extracts Cantons of which 150,000 tons of steeled that the War Office purchased appointed a committee, called the regarding the German precautions North Chinas

against spying, and the food Unions ita galvanish corrugated sheets Iron, Steel and Engineering materials will be made,

through combine, and paid Industries Committee, to investi-problem in the enemy country

"I Amslerdam we stopped two China Fires considerably more per ton than gate various matters connected will be read with interest: private customers were paying. with the

Among the Has the War Office yet shaken questions to which they were to days, and here my troubles began, H. K. Fires

The German consul would not special attention The half-yearly report of the itself free from the operations of direct

whether the trade was soffering the Danish Consul General in Steamboats

socept my passporte, signed by Douglases Bank of Montreal for the six combines in the metal trade ?

Information is at our disposal from combinations or

and Amsterdam,

I bad to Indos (Del.) months ended April 29 Isst shows

obtain a guarantee from the Indos (Pref.) remarkable expansion, there being which points to the fact that having special regard to restric-

Danish Minister at The Hagas Shells an iscioses of over £20,000,000 combines which exist for the pur-tions of price or output.

The Committee includes Mr.

Ferries ΠΟΙ a epy, nor in the assets. Both demand and pore of keeping prices high are notice deposits denote nonenal still in poesession of the field. G. Scoby Smith, chairman, Mr. that I was ← strength, and the liquid position The very large quantities of iron J. E. Davidson, Sir Hugh Bell, taking any politics! message to

of the latter must be secepted as and sisal articles which ars Mr. James Coz, Mr. John Hodge, anybody, I st last got permission Sugars one of Canada's enfeguards under necessary for the conduct of the Me. James Gavin, Mr. George to go into Germany, but was stop Malabons the present exceptional condi- war must be obvious to every Hair Ritchie, Mr. Henry Sam-ped at the frontier between Hol ticas. The increase in deposits one, and this, of course, gives more, Mr. Benj. Talbot, Mr. John land and Germany to be searched. Kailans

must say the Germans did this Ratbs not bearing intersat amounts to great opportunities to metal trade King, with Mr. U. R. Woods, of together with my wife and son: I Langkats £14,000,000. While this would combinations which secure the the Board of Trade, sa asorelary^ very thoroughly. We were divent-Tronohis indicate some special funds, it is patronage of the Government.

There are a thousand and one are practical men with a good ed (stripped) and they even Urais,

DOCKS. WHARVES, also evidence that the Bank is in

GODOWNS, &C. a position to take care of the articles made from the raw iron knowledge of the trades and examined the feet to see that

You can imagine it took all H. K. Wharves sa toes. large additional business that and steel. The semi-manufaciar-industries concerned. Are they nothing was hidden between the

my strength to hold my tongus. Kowloon Docks b. & sa. $151 will be carried out in the country, ed material is banded over to men who can with propriety be

express an opinion All my booke and papers which S'hai Docks. and the fact that the leading specialised groupe of manufac- asked to

y are in such a flourishing state article. These groups in many or troete? If they are, in their at the present time is of the cases, if not in all, form them- opinion such a one as ought to were kept back, and up to the

That is be acted upon in the general atmost importance to the welfare selves into combines. of the Dominion. The Royal the general position. Of course interest ?

The hard facts must give the Mint at Ottawa is to be extended, some of these combines are more and in order to meet the demand

answer to those questions. for more gold additional facilities are to be provided.

There is no doubt that these

banking inetitations of the coun-[turers, who turn out the finished on the operations of combinations | I had not left behind in England

Grand Trunk Pacific Finance,

11

•

MINING

b.

LANDS, HOTELS AND BUILDINGS. present I have heard nothing of Centrals them. We only got to Hamburg H. K. Hotels the first day, but had to stop Land Invest. there all night, and go on next H'phreys Est.

K'loon Lands day.

Sir Hugh Bell is a director of

"Passing the Kiel Canal, we S'hai Lands the North-Eastern Railway; Ball Bros., Limited; Darman, Long were kept under arrest. Before West Points and Co, Limited; the Northosing the canal two soldiers

came into our compartment, closed Ewos Eastern Steel Company, Ltd. all the windows with curtains, Kung Yiks the Channel Collisties Trait, Ltd.; the Horden Collieries, Ltd, and ordered as to sit down with S'hai Cottons

hands on knees and not to move Yangtszepoos - n

:

a

NOTICE.

$111PEAK TRAMWAY JO

LIMITED

TIME TABLE.

1.00 A, 10 1.06 M. I 10.00 8.00, 50

WEEK DAYS.

1.00 Easy as Mr.

ac Min.

10:00 $1.06 4.2

H

NIGHT CARS.

$1.00 Fit every kiši kont- 11.00 P.K. te kraj 200

AVUSY QUARİKr of er hout,

SUNDAYS

1.00am to 15.30 AM. ERAT 12 M8am,

3.00 7. 4.0 FM. NIGHT CARS ** on

SATURDAYS

Extra Car

są. Mano 10 Mr. Week-Desa.

PACIAL CARS by Arrangemani și the Company's Once, Alamaben Radigings, Des Voeux Bond,

"Season and punch tickets available for all can rot already full, running at the time stated in the Company's time table, but not for special care. Cas be obtained on application at the Compáry's Olst- No Season Uckel will be tatted until payment thee, fox bas teen made is Bank Notes or by Chequed Compudore ander expresenting Bunk Fotes"

t. 82

1290 AM.

Dom 10

b.

$100

По

$115

11.00 +3. L 18.00 Boar 1:00 Nook LA 1:00 PM

1.00 PWC LOGO FM, 10 4.06 2,3, (5 700 Men

DE MA

1 Max.

(a)

10 Min

-

u Mim

*

TO MAX.

b.

$100,

$6,75

r.

11.

38

t. 94 $88 COTTON MILLS, ・・・

1

t. 149.

b.

t. 14.95

b.

t. 98

t. 6.10

b.

$814

$1.75

ს.

S.

$9 $41

8.

$10.40

(Capital Paid up...$1,250,000.)

b.

D.

$53, #160 b. & ea. $331

Loam on Mongage of House Froperty &c. Goods ancxived on Storage, Advances made oo Mercha

important than others at the pres- ent moment on scoount of the scope of their manufactures or the special kind of articles they make. The fret of its kind is s combine called "The National Light Castings Association," The Dominion Government Bill body which has been dealt with for lending $8,000,000 to the in this journal on & previons Wilsons and North-Eastern Rail-until farther orders. Luckily this MISCELLANEOUS. Grand Trunk Pacific Company occasion.

"Light osatings way Shipping Company, Ltd. only lasted twenty minutes. Borneos bas been passed.. This loan is an include a great number of metal Bruguer, Mood and Co., Lt.

Mr. G. M. Ritchie is a director Before crossing into Denmark we China Light & P. z. obligation of the above company, articles, among which may be and no liability in connection with may be instanced portable of the Yorkshire Iron and Coal were again examined by the Providents it attaches to the Grand Trank boilers and combustion stores. Company, Ltd,; Palmers Beb- Customs in the same manner as Dairy Farms Railway Company. The sotaal Many of these products are barn Company, Ltd.; Palmere before, bat nothing was found, Green Islands and we arrived in the old cuntry H. K. Electrics

H. K. Ice Co., lisbility of the Grand Trunk un-needed by the Government. The Shipbuilding and Iron Company, rather ekinned, and swore der its guarantees amounts to aarciation was formed in 1911, Ltd.: Blasnarvon, Limited; Car-solemn oath never to see Germany Ropes

.$7.30 about £815,000 per annum, and and the object of it is officially go Fleet Iron Company, Limited;

South Dorbem Steel and Iron again. The state of Heirs in Trams, Low Level n. since the Canadian Government set forth

Germany must be horrible; the Trams, Peak, old h. Co., Ltd.; Millon and Askam food was not fit for dogs, anful

Trams, Peak, new b. cents..85 is advancing 21,600,000 there

Laundries will be more than enough to raising and keeping up the Hematite Iron Company Limited bread, no butter, and no meat, U. Waterboats meet the Government's gaar. price to the buyer of goods and the Whitebaven Colliery very little fish or ham. Every Watsons antee and the Grand Tank'a and articles made, and, or,

Company, Limited.

where full of mutilated or wound-| Wm. Powells liabilities for

Mr. Benjamin Talbot is a another yest supplied by its members. This

ed soldiers, all with the Iron Morning Posts. b. at losat, so well as the farther shall be done by means of pool director of the Teesside Bridge Cross, of which there rermed to funde needed for equipment, etc. ing arrangements ac controll- and Engineering Works, Limited; be plenty in that country. Awful CORRECTED TO NOON WEDNESDAY The Government has appointed a ing production so that prices the Cargo Fleet Iron Company, was the look of the Russian pri- Commission to report on the will rise astorally and inevit-Limited; the South

soners in Schleswig Holstein. I BENJAMIN & POTTS, general railway situation, and it

sbly as they always mast do Steel

never saw a more awful sight, Share and General Brokers. is estimated that the loan will

when supply is brought into

and do not understand how they Princes Building. enable the Grand Trunk Pacifio equilibrium with, or is ever to

live. Many of them had tried to Company to meet all its obliga- little below, demand.

frontier, but all were shot before run away and cross the Danish tions until the Government policy is determined. This policy may

Leap in Prices.

they reached it. result in the nationalisation of the Now for the way the existence Grand Trunk Pacific and the of the association operates on Canadian Northern, but it is prices. We take a light casting hardly likely that the Govern of a typical nature as an example. ment will attempt to bay up the Here are some comparative Canadian Pacific or the Grand prices:- Trunk Railway.

Helping Brazilian Rubber.

Before combine was

formed

18. 1011. After combine wra

formed

2 34. 36. 01d. 3a. 8d. 49: 5d.

and Iron

Limited, »

Durham Company,

оде

b.

$3.00

$81

Π.

$17,00

b.

$7.00

E.

£6,90 329

SEPTEMBER 27, 1916,

Tel, address: Broker.

EXCHANGE.

SELLING.

2/2 7/16

It will be seen therefore that Mr. Talbot and Mr. Ritchie sit on two boards of directore together. What of Sir Hugh Bell? Mr. Benjamin Talbot sits on

So I am here in my old board se a co-director of Sir Hugh's colleagues in other dir-country again, where all is calm and peaceful, and the people ectione, and altogether. Mr. Bitchie, Sir Bagh Bell and Mr. make a lot of money. But I did T/T

not expect to find sach intense Demand Talbot have interests in a series hatred of Germany and everything 30 dia. cf steel and iron and other connected with that country. Our 60 d/s. companies whose total ospital Government does its best to calm 4 m/s.. reaches about £34,000,000.

the peuple, but God knows how T/T Shanghai....

T/T Singapore,..... 9356 These facts, which of couree do

long they will be able to."

T/T Japan...... 102 $4 not call for criticism by them-

163 FIT India ** selves, are not such as to provide

163 Demand. India

521⁄44

+i

basis of qualification for an inquiry by the gentlemen con- UNCLAIMED TELEGRAMS. T/T San Francis- cerned into the merits or demerita

cf trade.combinatione so far as

2/2 34

2/216

2/2 5%

2/2 11/16

70

& Chins Telegraph Co. Chun, Tenyomaru (Radio). Pagfa 26 Wing Wok Street, Habana,

Shantai, Singapore.

co & New York TT Java.....

12654 T/T Marks ............Nom.

3.06 Demand, Paris ..... 3,07

BUYING.

4 m/e. L/C

4 m/s. D/P

6 mh, L/C

2/3 3/16 2/3 5/15 2/3 7/18 2/3 7/16

Melbourne

30 da. Ban Franc-1 isco& New York/

5314

In order to increase the use of Brazilian crude rubber in mann. July 1914 factared rubber products made July 1014............. in other countries a bill has been July 1916 introduced into the Brazilian

It will be noticed that the Congress which provides for s reduction of 95 per cent. of the combine caused the prices to they affect the interests of the Eastern Extension, Australasia TT Francs........... ordinary duties on such articles. jump even in perce time, but community.

But this is not the whole story. In order to enjoy this advantage that after July 1914, in the pre- the #zticles concerned must be sence of war demands, it began in connection with the Commit accompanied by a declaration to enter into ita full harvest, tes. One member of it is Mr. from the manufacturer, daly The extra cost of labour and Henry Summers, leading mem- "authenticated by a Brazilian Con- materials may be arged to ber of the galvanised iron. com- sal, attesting that the goods are account for the rise. The follow- bins dealt with in the Daily made of fine Para rubber. The ing table disposes of that eng Chronicle of 1914. worde "Para Rubber, Brazil," or gestion. It shows the incressed their equivalent in the language cost of labour and materials on of the country of origin, most the one hand and the combine's be stamped on each articles, rise of prices on the other:~~ On certain grades of insulated

- wire and cables, in the menu Combine Labour and Combine

facture of which Para rubber has price. Leen used, the regular duty is to be reduced 30 per cent. It is 28, 8d. also proposed to increase the duty 34031, on imported pneumatic automo 38. 8d. bile tyres not made of Brazilian 41. 51.

rubber from five per cent.

ad valorem to 16 per cent.

rine

·

materials

rise

911.

ld. 3:1.

... 18. 2d.

HE

671.

+14

la, gid. 2a. 6d.

Cheaper from America.

Even now the tale is not fully told. Another member of the Committee is Mr. John King.

Sunsonsan c/o Jebsen & Co., 30 dis. Sydney &

Foochow

Toanthani, Hue. Yewycelim Mee Wah Hing,

J. M. BECK, Kamloops B.C.

Superintendent,

4 m/s. Marka......Nom.

4 m/s. Francs .3.18 14

chairman of the National Light Hongkong, September 21st, 1916,6 m/s. Francs ......3.23 14

Casting Association, whose sims and fanctions have been set cat above.

Great Northern Telegraph

Company, Ltd. Sinkumfong 100 Des Voeux Road, thanghai.

Demand, Germany.. Demand, New York. 52 36 TT Bombay Demand, Bombay... 16334- T/T Calcutta Demand, Calcutta... 163 Demand, Manila... 104 Demand, Singapore. 93

34 prem On Haiphong.

314% prem. Hotel,!On Baigon

On Bangkok

.......70 ..................... 9.00 Nom. Sovereign Gold Leaf, per oz... 62.70 Bar Silver, per o.... 3215/16

SUBSIDIARY COINS.

Mr. Ruching 71 Connaught Road, Yokohama. Another Cigarette-Tin Bomb, Near dusk on September 17, a

Chinyanwootong 65 Pottinger Street, Swatow. load raport as of a gunshot was

Guthrie, Tokyo. heard by the people living at

Cskai, c/o Matsubara Laapadoo, Pootung, says the N. Shiomisuki. The combine, has thus used ita 7. Daily Neirs. A commotion 6894, 5012, 3494, 1129, 0977, The bill describes a number of tests for determining whether power to exploit prices to an followed and the Chinens Palios 0005, 1574, 2651, 1341, 6567, 0407, articles are made of Brasilian rub extraordinary extent. Point is made investigations. A bomb 3748, 6513, Swatow. ber. For instance, goods admitted given to their action by the fact already exploded was ultimately at the reduced rates most stretch that British iron and steel mer discovered on a piece of vacant Shanghai, six times their size without break chants who have nothing to do ground at Ziskazs: The cas

with the combine find it possible looked like a cigarette tin. Several Osake, Lingand muststand all the elasticity

and compression tests required by to make purchases in Amerios pieces of the case were picked up Dertain French organisations, in (where the cost of labour is very by a policeman and brought to addition to other tests much higher than it is here), to the sub-station of the Third Folios

transport them 900 miles by Dirtriot.

change.

Leczezung c/o Vawoocheong, Chunghing 121 Chuwantaimaro,

DISCOUNT PER $100:'· Asashio, Saseho.

Chiness.....20 ota. pieces 836% dis. Toser, Tokio,

Chinese...10.

873% dis. A. B. GORENBEN, Act. Superintendent, Hongkong 20 cts, pieces, par. Hongkong, September 22nd, 1916. Hongkong10

JOHN D. HUMÍDREYS & CO.

THE CHINA PROVIDENT LOAN AND MORTGAGE

CO., LTD.

Loans made on the Providest System. (Rates and Particulars on application)

The Dice of TRUSTEE EXECUTOR OF WILLS, ATTORNEY, Ke, Undertaken and Executed. SHEWAN, TOMES & Oc

General Managere.

MITSUBISHI COSHI

KWAISHA. {MITSUBISHI CD.). COAL DEPARTMENT,

¡SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTABE, KISH. IDAKE, YOSHINOTANI, HOJO, KAMA- ZUTA, SAYO, KANADA. SHINNEW, KANIYAMADA, BIBat and OYUBARI

Collieries.

Agent for SAKITO COAL.

HEAD OFFICE

MARUNOUCHI, TOKYO.

£1,500,000 at 24-

-$15,000,000 Silver...$18,000,000

$15,000,000

$33 000,000

Reserve Liability of

Proprietors....£15,000,000

COURT OF DIRECTORS.

#. L. Pallendea Pig-ChriELAB,

5. H. Dodwell, Jag.-Deputy & hairma G. T. M. Adkins, Esq.

C.*, stubbay. ENG.

Ben. Ma. P. H. Blyoak,

fion. Mr. D. Laciale.

JA. Plummer, Kas

qu. Mr. B. 6belim,

CHIRP NAXAGER Bongbong-N. J. Stabba, Esq.

MANAGER

az.

Zhanghai-A, U. Stepben, London Bankers-Laden County and

Welaser. Limited.

Hongkong-interest Allowed :

Un Surreal Accounts at the rate of 2 per cent, pet

ON

DEPOSITS.

atovim da the E

For 3 mumb, 21 per ceni, per annum. For 6 months, Be per cent. per annum

For re months, 4 per cent. per annum,

N. J. STABB,

Chief Mana's er.

HONGKONG SAVINGS BANI

THE Business of the above Bank is conducted be the HONGKONG AND SHANGHAI BANKING CORPORATION. Rules may be obtained on application INTEREST on deposits allowed on the min inum monthly balances at zi per cent, perandum,

Depositors may transfer, at their option, balançes of or more to the Mangkang and Shanghal Bank to be placed on FIXED DEPOSIT 21 pm

For the Houng and kihanghai Banking Corpora• *

N J. STABB.

Chief Manager.

Lor

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 1851-

HEAD OFFICE-LONDON, Paid-up Capital £1,100.00 Reserve Fund£1,100,00 Reserve Liability of Proprietati£1,300,000 FOREIGN EXCHANGE and General Bankias

business pussancteil. CTARENT ACCOUNTS opened and FIXE DEPO-IT received (or 1 3 car ut shorter periodu 1 rates which will be qüuted an application.

T. C. DOWNING,

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA. LIMITED,

Head Office 15, Gracechurch

Street, London.

Authorised Capital......£1,500,000 Subscribed

Paid Uy Reserve Fund

C

1,125,000

FARAOP

562,500 $50,000

BANKEKE: The Bank England,

The London Joint Stock Bank, Limited BRANCHES :-

Burabay

Calcutta

Colombe

Detti

Galiz

Hanging

Howish

Kandy

Pon Louis(Mauritius.

Karachi

Kota Bhain

Madras

Kuala Lumpur

Penang

Rangoon

:bangbai

Lingapore

HONGKONG BRANCH,

Every description of Eanking and Exchani • business transacted.

Interess allowed on Current Accounts at a per cRIN per manum on Daily Balances, and on Fired Deposis as rutes which may be ascertained on applicatio6.

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING.

CORPORATION.

HEAD OFFICE:

35. Wall S., New York,

LONDON OFFICE:

1. Bishop gate, E.C.

BRANCH OFFICES :-NAGASAKI CAPITAL PAID UP......$3,250,000° MOJI KARATSU, WAKAMATSU, RESERVE FUNDS...

GIABU MURORÁN. HAKODATE. KOBE OSAKA, KURE, TOKYO, YOKO. HAMA, NAGOYA, TSURUGA, VLADI- VOSTOCK, HANKOW, PEKING, LON. DON, NEW YORK, SHANGHAI,

HONGKONG HAIPHONG and CANTON.

Cable Address:-"IWASAKI," Codes: Al, A.B C. 5th Ed., West- ern Unior, and Bentley's.

AGENCIES:- CHINKIANG-Messrs. GEAR- ING & Co., MANILA-Messrs. MACONDRAY & Co., SINGA- PORE Messrs. BORNEO Co. LTD GLASGOW-Messrs. A. R. BROWN, MCFARLANE & Co., LTD.

For Particulars, apply to--

K. KATO,

Manager,

No. 2, Pedder Btreet, Hongkong.

MARTIN'S

&STEEL REDPILLS

APIOL

X. Pizzah Kamody Eer nii levátzierīties. Thomanda. A THEME ANnya khap a bos of Seton's Jelaka the house filialen the Rus (at the bystaan s

amaram sala. All Clamina and SLOVNE BAŭsku Skroughout List Warid, or paní tras_1%, JURIDIK, Chemiet, Benshaington. Eng.

MARTIN'S

THE ALEXANDRA CAFE Cannot be Beaten, if Equalled for Bread, Cakes, Confectionery and moals with Wines & Liquera,

|

|

BOMBAY

$3,628,000

U.S. GOLD.........$6.878,000

BRANCHES →→

HONGKONG PEKING,

SAN FRANCISCO LONDON SHANGHAI MANILA BINGAPORE MEDELLIN TIENTSIN PANAMA YOKOHAMA

CALCUTTA KOBE

CANTON CEBU.. COLON HASKÓW

Through its close affliation with The Nations! City Bank of New York, the Bank is alle tunder the Services of the Branches of that Enstitution in Cuba and South America, amely:-

BUENOS AYRE", HAVANA, MONTE VIDEO. HIO DE JANEIRO, SANTIAGO, DE CUBA.

FAXION, SAO PAULO,

All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS receivedal entes to be ascertained on

8.5. MARSHALL,

Manage

application,

Hongkong, 1st June, 1916.

THE

YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880. Authorised Capital Yen 48,000,000. |Paid-up Capital

Reserve Fund.unik. 10

30,000,000

20,830,000

Head Office.-YOKOHAMA,

Branches and "Batang-Hales

Bamber

Cocatia

Chapeckan

Aganciar, Nazad

Kwang New York

Qasks

Faci Rycles (Pon

Fangtion

Harbor

Em Practice

Liah Yang

Blupax.re

London ,

Le Arg

Tagi

Tokyo Reinasie

Internat Aloist es Carmen AccOWKE", Deposite zaidyad· Sac Bout paded at saber in la

application.

EISHI ONO. Manager, Hongkong, 11th Sept. 11 16.-