1916-10-03 — Page 9

THE HONGKONG TELEGRAPH, TUESDAY, OCTOBER 3, 1916.

COMMERCIAL

The Commercial Position. How do the existing conditions flect the future of the Allies as compared with the results achiev-

·nd a year ago ? It is the ɓnancial and commercial domination of certain neatral countries which

on one side if Germany were to win, and find that math-exten fetish festering her movement Fairplay.

American Cotton. Beater's Liverpool cotton mar has developed to greatly during ket quotation, dated September

Cana ****

Spot

NEWS

scres is shown for Texte,

U. S. Gold and Silver. Final figures of the United States Geological Sarvey and the

Yokohama's 'Iron Imports.

and angles imported into Toko Daring July iron rode, bara hama totalled 6,338 tons which was an increase of 430 tons over

HONGKONG SHARE REPORT

"S-SELLERS; SA.—SALES;

B-BUYERS; N-NOMINAL.

OFFICIAL PRICES.

BANKS.

b. MARINE INSURANCES.

b.

$760

$400

b.

June but a decrease of 2,662 tone from May. Pig iron totalird 5,601 tens in July which was a and also a decrease of 3,094 tras! decrease of 2,153 tone from Jouet Banks from May. Sheet iron totailed Cantons 5498 tons, which was an increas North Chinas of 126 tons over Jane, and 1,398 Unions

Yangtszes tons in May.

b SHIPPING.

$154 6883

sa. x. d. $1231

b.

$223 $139

b.

b.

$46 112j6 $28

REFINERIES.

b.

b.

$114

336.

MINING

..

30/- £251

$2,75

30/-

341-

West Points

11.

E.

11.

COTTON MILLS.

And there is scale spot buying, Yield is Bureau of the Mint give a kotɛl | buying small quantities for their Yangtszepoos

finance it herself. another. America eo far has, eraded the fight, but the is bound to recognise two things (apart from the fact that we are not out to be beaten) firstly, the the nations who win this war, whether they be the Allies or the Central Powers will not be in a * temper to stand any nonsence from any centrale; the winning

sent the main armed forces of ti e

branch

1 quotation, having reached

BANKS.

BANK OF CANTON

LIMITED.

HEAD OFFICE HONGKONG.

FOREIGN 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

11

For 6 Months 4% per annum For 12 Months 41% per annum LOOK FOON SHAN,

Chief Manages,

NOTICE

NOTICE,

PEAK TRAMWAY 30

LIMITED

TIME TABLE.

11.00 AM, L

WEEK DAYS.

600 am. Every as Man.

1.00 AM. LA £0.00 4. 16.00 4.201 ko 13+00 +

20 MIN.

25

I AM. I 1945 2.3

ht

Mi

LO

了

LO MIR

294] PAC

L

45 Mew

"

Is Man.

co M

Test

TRS FOR KAS TAK LO 100 TIM from Pale to Biz 251.

NIGHT CARS,

4-se zona and 2 PINE DISS belə to ER.CC PİMİ vary ball kean

45,00 TM 10 Tray

every quarter of an ear SUNDAYS

1.00 7.

Me

Mu

1.10 F.M. NIGHT CARS on Week Days

SATURDAYS

Katca Car 15 25 midnight. BYECIAL CARS

By Ausgement at the Company's. Unca, Kalamadre Pyildings,

L'ex Bond,

"Season and punch tickets available for all cars rot already fail, running at the close stated in the

·Company's time tables, Eut not for special car, Can be obtained on applikatios at the Compary's Office No Season ticket will be based unti pojment there. fer baa bezs made in Banke Nctus or by Cheges or Compradere order presenting Bank Fotes."

JOHN B. HUMPEREYI & co.

BANKS

HONGKONG & SHANGHAI

BANKING CORPORA

TION, Faid-up Capital .....................$15,000,000 RESERVE FUNDS:

Sterling

£1,500,000 at 21-- $15,000,000 Silver $18,000,000

$33,000,000

-i

Reserve Liability of

Proprietors

..$15,000,000 COURT OF DIRECTORS.

W. L. Bastenden Esq.--Chan

5.1. Dodwell. Eg Deputy balcony

G.T. M. Edkins, Esq.

C.; Gubbay, ZIG.

En. Mr. F. H. Horosk

Hon Mr. D. Landale,

J. A. Bummer, Sq.

Lion. Mr. E Ɛhellim.

CHIEF MANAGER

Hongkong-N: 3. Stabb, Z«g,

MAXIGER Shanghai-A, G. Stephen, Bag. Loadass Rankers-London County and

Femiau, Limited.

Hougtong-Internt Allowed!

On Current Accounts at the rate of 2 per CIUIL FEE annam on the dally balance

ON FIXED DEPOSITS.

For 3 months, 21 per cent, per ansunt. For months per cent per anQUIR

For a month per cal per angust. N. J. STABB,

Chief Magageri

HONGKONG SAVINGS BANK -

THE Fusiness of the above Book is zondarted by the HCNGKONG AND SHANGHAI BAXKLIED CORPORATION Rules may be otsaed on applicatio INTEREST on deposits in allowed on the migu jaum monthly balances at #st per cent. per and JM,

Depositors may transfer, at their option, Ances

bf $100 or more to the Hongkong and Shanghai Beak to be placed on FIXED DEPOSIT — 4 pa rent, per astiast.

For the Hongkong and Shanghai Tasking Corparmi

N. J..STABB,

Chief Manageri

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 53.

HEAD OFFICE:--LONDON, Paid-up Capitale om £1,100,600 Beserve Fand£1,300,000 Reserve Liability of Proprietor),200,000 'FOREIGN EXCHANGE and General Banking basing transactać. CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or shorter perioda, as rates which will be quoted on application, T. C. DOWNING,

7:30. A.X. 200 A

21.30 am, to

10

rouge aim, Every 15 Mi 11.00 6.30

Is.co NoaW

* MINI 13 Min.

b..

$100

"

1.00 2. 10

n

$115

100 t

ADO PAK ED

b.

$101

9.00 P.M.

700 1

b.

$6,75

7

n.

$38

n.

t. 95

$88

11.

t. 149 b.

t: 14,25 b. x. d. t. 93 D.

t. 3:40

$84 $4,75

b.

SP.10

8.

bi

$10 $10.10

CO., LTD.

$534

(Capital Paid up...$1.250.000.)

100

FI

b.

$34

n.

10/-

Loans on Langage of House Property &c. Goods received an Storage,

Paid Up.

Advances made os Merchandise.

$7,35

$3,00

general ides seems to favor Borneos present requirements only, the MISCELLANEOUS. lower rates. Under these circum China Light & P. b..

b. stances there is little to be said Providents

H. K. L. C❤ Ropes Trams, Low Leve! ». Steel Foundries Trams, Peak, old b.

American Rice. E. M. Consul at Galveston, Texas, (Mr. A. J. Ogston) reports that, socording to preliminary estimates of the Rios Millora' Association, the total rice acreage for the United States for 1916 exceeds that of last year by a the last twelve months that bass 21, is as follows for mid-Ameri-largest percentage of increase in little over 78,000 acres. The minister bearing on our position,| and must not be overlooked even?

in the State of California, where when inferences are being drawn.

... 9541.

the estimate this year is 69,000 October-November ..... fr in the actual grouping of our

0.40d.

t. 155 January-February ...

acres, against 3.450 acres last armies. The mition that has

9.44d.

b.

$920 Spot remains the same as a week ear, this being practically all in reaped the most benefit so far in

1 px 78 8260 Japanese rice The acreage of the the United States of America. She clized to 9.44, on September 18. Texas and Arkansas shows an which had once become inactive H. K. Fires.

ago at 9.54d., al hough it had de-three principal Stater, Louisiana,

The Japan Iron Market.

FIRE INSURANCES. “ The Japanese iron market, China Fires has played, but in an enormously

b. Futures, however, Are extended sphere, the role which

a few increase of 42,827 sores over that owing to over-supply of round we 20 Enccessfully Alled in 1870. Points higher.Nov a week ago of last year, the increase in the and square bars has again become Douglases when October November wasgate of Louisiana being 49,073 active due to the approach of the Steamboats So far our exchanse has kept 9.37d., and January-February sores and in Arkenese 18,917 season when the demand is usual-i Indos (Def.) ap, ie, our credit has re- 9.33d. New York prices have mained practically as good bean factusling during the week, Cs, but a decrease of 25,163 ly strong. The nails and angle indos (Fref.) for any margin between exports and imperta: and, though farther months, but an envier being well over 16 certs for

are the exception to the general Shells the failors of America to arrange market is now reported, with

tendercy, as they had been com-¡ Ferries Canadian Pacific Revenue. Chinese Loan may have some local dealers selling their pur-Pacifice are quiet, but a tria tendency is to increase owing to Malabons

London, August 15.-Canadian iron goods in general, the Sugars

paratively high in the peet. With thing deeper thin merely chaser.

New York is not so batter for choice. The dividend quotations being still lower by political significance, neverthe leas, if our purchases' postings strong as Liverpool where all the for the quarter ended June 30 1.1 in average than in the foreignKailans and are met in casb, it may well strength now is, according to sat, which date is also the end market. Io July, the whole vol-Langkats

reports from the agents of of the company's financial year, ame of import reeched as much as Raubs be that before the war isover she Mesare. Tala, Sons & Co., who is again 21 per cent, on the Com- 6,500 tons, but this month every Tronohs 24" may snatch from us cur financial

Eceptre. An agtiget such a die Liverpool would push up the for the year. The company's crease in the figure. No langer

esy that any extensive buying in

mon stock, making 10 per cent. indication pointa to a large de Urals aster one or two possibilities oper-market, Manchester is so.ive: ale. Firstly, it must necessarily and an increased consumption of the railway sad Lake and Coastal the Pacific and no large increas, H. K. Wharves n.

DOCKS, WHARVES, gross earnings for last year from are shipments being fetobed zorces be, now that Labour is better cotton seems almost certain.)

·GODOWNS, &C. organised and the controlled Private estimates now confirm dollars, and the working expenses the visible stock even if the S'hai Docks

stesmers amounted to 128.481,885 therefore, is expected to cccur in Kowloon Docks Sa. $61&180 ta blieb menta working more the Government's report issued 80,255 385 dollars. After demand remaine unchanged. smoothly, that we are ourselves on September I, patting the yield dedacting fixed charges sacant-

t. 68 becoming self-supporting, and

LANDS, HOTELS at 61 per cent. As the month that we shall be able to depend

Chinese Cotton.

AND BUILDINGS. The weekly cotton market re- Centrals for munitions upon ourselves and progresses September usually ing to 10,306,195 dollars there is

shows a decline as compared with After paying all dividends for the da'el September 21, says: Dar Land Invest.

a surplus of 38,919,724. dollars. for foodstuffe upon the Dominione. the estimates made at the end of

port of Messrs. J. Spunt & Co., H. K. Hotels That, of course, is an unsubstanti August, and that the same figure The protal income for the year were made to estimate the yield of Kloon Lands

year, the surplue is 15,444,158. ated dream so yet, bat it is taking now comes out again is a favour after making allowances for con- is much discussed crop, rang. Salads

ing the past week several attempts H'phreys Est. shape and it is conceivable thetable sign indicating improved presently e United States, if

tingont reserves is 0,940,955 she wishes us to buy the catpat of weather conditions. New York

ing from 40 per cent. to 50 per these factcries which were special agente of Mesere. Tata a few days

cent, above last year's production ly erected to meet our drmsade, go ielegraphed :-Feel bullish

and resulting in general tendency, Ewos will have to give as tick and again. There are well-formed

to sell short for forward delivery at Kung Yiks rumonie of competitive large

reduced rates. While epionera ere S'hai Cottons disappointing." The Bambar domestic production for 1915 of Re. 349 per khandy during the 101,035,700 in gold and 74,961 wrek, fell yesterday to Rs. 343.75 oz of silver valued at 337 N. C. Daily News.

397,300 against $94,531,800 ia

as to the outlook for price changes Dairy Farms gold and 72,455,100 cz of silver in 1914.

in the near future and a scalping Green Islands Mialag in the Philippines.

These figures include market may be expected for a H. K. Electrics b. the gold production of the Philiphilus valjus cù utstva in The importance of the gold, will see steadily on silver, and the prices raling in the increase. The total output the American market, coupled mining industry has steadily in- combstant countries will reper-cased since the passage in 1902, hath of gold and silver reported with the attitude taken by Japan- world, and that no one else will of the Philippine Bill which pat recorded under the American ere spinners and the volume of Trams, Peak, new b. cents.85

for 1915 was the highest ever be in the running, Stoondly, in effect a code of mining lawe

their purchases on this market. Laundries flag, but if the Philippine output Tone of the market:-Easy. America will appreciate that the the first year in which the pro- be eliminated the production of Allier, pace Mr. Asquith, do in. daction reached any consequences tend, where it pays them to do was 1907, when the value of the gold in the United States proper was but little above the previous

The delay of the referees in eo, to put up a tariff wall between gold extracted

record year of 1909. The hearing the case brought before themselves and neutrals. They P187,647. The most rapid in- mesu to restore themselves and Grease occurred between the years materially above the preceding the Rubber Growers' Association oatpat of silver for 1915 was the Excess Profite Tribnual by 1911 and 1812, when the produc record yield of 1914. For 1916, on behalf of all rubber companies to "become self-supporting-at some expense it may be while the son of gold increased from from the mid-year point of view, is leading to what is seemingly! operation faste, but certainly not P379,106 to P1,140,000. During the output of gold, which is an arbitrary, actions on the part of Share and General Brokers. for the benefit of nentrals. And if the past three years mining cem this be so, then America has rex- panies declared their incomes as compared with 1915, is Colorado, doubtless acting on the instruc parently falling off somewhat as the Assessors of Taxes. They are haps a somewhat swkwardly rea tricted market. She has already

California, Nevada and some ticne of the Treasury, which seems experienced the pleasures of a

Groen

other States, and increasing poes- fetermined to get money in first Chinese boycott, but at the close Yest

Income

ibly in Arizona, Oregon, the and leave the question to be It is trae of the war she will be facing as 1914

Philippines, Idaho, Montana, New argued afterwards. pl.565,393.58

889,294.66 Merica and elsewhere, will prob that Treasury will

pay # competitor, & Japan which 1915

761,44450 ably reach a total somewhat below 51 per osat, on any sum collected T/T economically, financially, and by Of the forty-two mining com- the high output of 1915. The and found to be above what may Demand treaty is a vastly different pro- panies listed, which includes production of silver, however, be finally decided, when the Re-30 dis...... position from the nation which ompanies formed for the removal will undoubtedly again break all ferees do hear the case and give could be openly fouted erer of iron, copper, oil, asphalt, stone, previous recorde, ar the output their decision. But it is quite T/T Shanghai........ Californian issues a few years etc., fifteen were reported as of silver cres and of the copper, conceivable that the demand, Singapore 93 $8 back. The Husse-Japanese Al-baving gross incomes, eight as lead and zinc ores which produce which has to be paid within thirty TT Japan... 102 $% liance is as epoch-making as was having net incomes and the bal-silver in notable quantities will daya may lead to derangement of T/T India 163 car treaty with the island king-Ace as having no income, a num- exceed that of any preceding year, finance when the sum assessed is Demand, India...... 163 31⁄2 dom of the East. The latter ber of these latter companies owing to steady demand and greatly in excess of the figures T/T San Francis-1 arrangement was intended as a being reported as not active. The high prices for all metais. Prices returned by companies on their

52 1⁄4 co & New Yorkf deferce against Russian aggres-leading gold producing district is of silver were low in the greater reading of the Act. The pre-war T/T Java..... sion both in Northern China and Aroroy on the Island of Masbate, part of 1915.

******** 126 34 profit in many cases is above the T/T Marks......Nom. ay in India. The new contract, where there are three successful

3.06.14 Japanese Copper for Russia. percentage" standard that will T/T Francs....AT. which, as events are showing, has queris mines, the Colorado, Sya-

Demand, Paris ..... 347 . The export of copper from doubtless be agreed to even if we destroyed many old nightmares, dicate, and Keystone. The second Japan to Russia continues brisk, only take what the Chancellor or

BUYING. is largely commercial. The district in point of production is but shipments to the United the Exchequer admitted;, this result of it is that American Paracale in the Province of Ambos States and Britain show a falling was, that no one would go into

2/3 3/16 domination in the Pacific is stone Camariner. Here the production eff. Official returns indicate that rubber cultivation for 8 per cent.,

2/3 5/16 dead. And the Alliance may is at present limited to dredging, the exports of copper from Yoko. which is the normal stendard 30 dis. Sydney &

2/3 7/16 bareret another consequence. No although there has been consider hema from January 1 to July 31 ander the Act. Yet apparently the

2/3-7/16 one, I suppose, knows how far the able development in quartz min-amonated

Melbourne: Paris Economic Ccatereros willing and it is expected that there valued at Y.12,868,857.

to 20.161,660 kin, pre-war profits figure is being 30 dfs. San Franc

The taken in many cases.

53 14 affect Japan; to what extent she will be producing mines in 1917. figures, compared with the cor that seem to be altogether arbit 4 m/s. Marke

Demands isco& New Yorke can contribute as it were to a There are now eight dredges opera- responding period of last year,rary are being made on many com-

*.....Nom. 4 m/s. France......3.18 14 common pool. Of late years she ting in the district. The Banguet show a dimination of 789,704 panies, and we have seen some cor-

6 mja. Franca ......3.23 14 has been a commercial menace to district formerly took the lead fn kin in quantity but an increase of responderes where the assessor of Demand, Germany... Indis, and that may continue, point of gold production, but in Y.2,616 979 in value. bat without friction instead of 1910 typhoons practically destroy- total Y.3 278,227 worth went to a rough approximation," and, it Demand, Bombay... 16314

Of the surveyor admits he is working on TFT Bombay

Demand, New York. 52 36. with it. But she has been a poli- ad the operating plante. A now Great Britain, Y.1299,446 to the almost goes without saying, mak- TT Calcutta... (tical and racial menace to Ans- plant recently completed in that United States, Y.7,321,654 to ing demand on the figares he Demand, Calcutta... 16312 tralia, for it was recognised that district, however, is now adding Roeais, Y.945 584 to France, and arrives at by his admitted method. Demand, Manila in territorial expansion lay her heavily to the gold production for Y.18,987 to China. The Russian We should couronly have thought, Demand, Singapore. 93, 98 only hope of sarrival. That, with 1916. The only hydraulic plant Government, through Russia and Great Britain quies in the Islands is on the Canuaran Britain, bas approached

Great even in theen times, when, the On Haiphong....................... 4% prom.

34% prem. Chancellor naturally desire to get On Saigon Ecent, can be achieved without any property in the province of Mitani

member of this Empire being in durigno. Large areas of placer Kabara. Mining Company and he would have allowed his agents Gold Leaf, per oz... 52.63

Kaisha, all into his not that he can, thst On Bangkok

......... 20 Bovereign R 9.00 Nomi ay damnified. Nor Leed ground exist in Mountain, Naerh other leading firms in Tokyo, to work on "rough approxims Bar Silver, per cz... 324 maricas enffer; but she has tooijs, Tayabas and Balscan pro- Oaks, and other plagen, with ations."—L. & C. Express.

hard on the fact that as the viccer, in the Island of Mindoro, proposal to purobam 10,000 tons it of this war, and of the com- and along the Agusan and Tabay of copper. Certain firms are ro liances arising out of rivers in Mindanao. A consider ported to have signed contracta old orders of trade must able percentage has been seated with Russia for the supply of cop * just sa the old political and is reported to be valuable ponto the amount of 5,000 tons, 25% the Mouros treaty enough for payable dredging at the rate of Y.65 per 100 kip,

AROUS WAswept lopetatione,

delivery to be madeat VladivostoE

די

follows:

1913

Namber of Co't.

?

smounted

2,429,571.86 7,612,620.70

Net Income 519,400.76

►

Bueran

the

Excess Profits and Rubber..

b.

$31

$17,00

b.

$7,00 $6,90

$19

U. Waterboats Watsons Wm. Powells Morning Posts b.

CORRECTED TO KOGN TUESDAY OCTOBER 3, 1916, BENJAMIN & POTTS,

Princes Building.

Tel. address: Broker.

EXCHANGE.

SELLING.

60 d/s..

4 m/s. L/C 4 m/s. D/F 6 m/s. L/C............

**P

2/236 2/2 7/16 2/2 14 2/2 56 2/2 11/16

70 14

J

10414

SUBSIDIARY COINS,

THE CHINA PROVIDENT LOAN AND MORTGAGE

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Office 15, Gracechurch"

Street, London,

Authorised “Japital ..............£1,500,000 Subscribed

"

*

#

1,125,000

562,500 550,000

Less made on the Provident Fysicom. (Rates and Particulars on application).

The Office of

TRUSTEL, EXECUTOR OF WILLS, ATTORNEY, Se, Ladertaken and Executed,

SHEWAN, TOMES & C... General Managers,

Reserve Fund

BANKERS: The Bank of England,

BRANCHES

The London leat 2 rocic bank, Limised

Delhi

Karack!

MITSUBISHI GOSHI

KWAISHA.

(MITSUBISHI CO.)

COAL DEPARTMENT,

SOLE PROPRIETORS OF. TAKASIMA OCHI, MUTARE, KISK- IDAKE, YOSHINOJANI, HOJO, NANA- ZUTA, SAYO, KANADA, SHINBEW, KANIYAMADA, BIHAI and ØYUBARİJ Colllarius.

.

Agent for SAKITO GOAL,"

HEAD OFFICE- MARUNOUCHI. TOKYO.

BRANCH OFFICES :-NAGASAKI MOJI KARATSU. WAKAMATSU. OTARU MURORAN, HAKODATE KOBE, OSAKA, KURE, TOKYO, YOKO- HAMA, NAGOYA, TSURUGA, VLADI- VOSTOCK, HANKOW, PEKING, LON DON, NEW YORK, SHANGHAI, HONGKONG. HAIPHONG and CANTON,

Bombay

Calcutta

Colombo

Galle

Horgkong

Howish

Kandy

Port Louis (Mauritius)

Madras

Kuta Bhar

Kuala Lumpu

Pesung

Kangoo

I bangbal

ingapore

HONGKONG BRANCE.

Every description of Eanding and Exchan business

acted

Interest allowed on Darrest & ¿convis af e përca per annus on Daily Exlances, and on Flared Deposit At rates which may be ascertaload of application.

C. CHAMPKIN,..

Acting Manager,

INTERNATIONAL BANKING

CORPORATION..

HEAD OFFICE:

35. Wall St., New York LONDON OFFICE: W, Bishopsgate, E.C. CAPITAL PAID UP RESERVE FUNDS ........

......$3,250.000 $3,628,000

...$6,878,000

U.S. GOLD*****

BOMBAY CALCUTTA

CANTON

·CERÜ." COLON

HANKOW

BRANCHES

HONGKONG PEKING. KODE

LONDON

MANILA

SAN FRANCISCO SHANGHAI SINGAPORE

MEDELLIN TIENTSIN

PANAMA YOKOHAMA

Cable Address"IWASAKI," Codes: Al, ABG. 5th Ed., West City Bank of New York, the Bank is able to offer the

ern Union, and Bentley's.

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

For Particulars, apply to-

K. KATO.

Manager....

No. 2, Pedder Street, Hongkong.

MARTIN'S.

APIOLSSTEL

1 Frames Bainady for all Eremsularities.

on them acqumeni Slomu,kanan tantracor mene vple, All Cimaminky aně Sinem anli tanis

MARTIN'S,

THE ALEXANDRA: CAF)

Through ita close aliarion with The National Services of the Brandies of that Institution in Cube and South Americs, namely :- BUENOS AYRE HAVANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CUBA,

SANTOS, SAO PAULO,

BUSINESS transacted.

Alt kinds of FOREIGN & LOCAL BANKING DEPOSITS received at rates to be ascertained on CURRENT ACCOUNTS opened and FIXED "pplication.

1. 8, MARSHALL,

Hongkong, 1st June, 1916.

THE

YOKOHAMA SPECIE BANK, LIMITED.

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

Reserve Fund..........

30,000,000 20,800,000

Head Office,YOKOHAMA.

Fou here lost your appetite! dainty dishes at the ALEXAN Chinese...10% 114% dir. Cannot be Beaten, if Equal ed DISCOUNT PER $100:

DRA CAFF is more to tempt Hongkong20 ctm. pieces 1 pram for Bread, Caken, Contectiept

one of the big variety of Chinese...20 cis pieces 1114% dis.

Hourkong10 Forbyte 1476 mema and meals with Winne de Liguan, Hong

JO

Brinchan Astong-Hules

Mombay Calcatta Changchan

Dsince

Lypes

La desetin

Bachmang.