1916-10-10 — Page 9

*

THE HONGKONG TELEGRAPH, TUESDAY, OCTOBER 10, 1916.

COMMERCIAL

NEWS

Japan's Copper Output.

Chinese Matches for Java. Berlin's Substitute for Tea. The aggregate output of cor-

According to a consular report

Berlin has been experimenting per in Japan, which amounted to from Batavis, the import of Japan with substitutes for les, and 125,000,000 in last year, bids ese matches in Java is declining decides in favour of that made fair to realize an increase of about year after year, their place being from strawberry leaf. The Royal 20 per cent, this year. The mean taken by Swedish articles, The Horticultural Institute report price, which stood at T40.88 last shrinkage of Japanese mastab that the fortunate persons who year, has appreciated to Y60.57.rade in Java is considered to be have tasted it "have no desire to the result of the rise in price of return to the mach overrated and inaterials of matobes in Japan costly Chinese product." From New York now claims to be Another rival in fature to Japan which it appears that tea, as well the world's greatest part. These matches in Jave will probably se grapes, may be sour. The quest be Chinese rastahes, which have for "tea substitute" is not a new volume of exports first reached the $100.000,000 mark in 1900. found market in Samarang, one. The varieties produced are By the fiscal year ended June, seaport in the north of Java, the generally nasty. 1915, according to the annusi aggregate amount of the importa report now issued of the New there for the four months ending York Chamber of Commeros, it with April last being 158,000 reached £238,716,200.

Now Kopecks,

New York's Trade.

Soya Beans.

- The Louisa

York's proportion of the Re- public's total was 43.11 per cent. American Demand for

the highest ratio sinos 1888. - On the import side the trade of

Cottonseed New York first reached the Crushers' Association, *t their recent convention at New Orleans, £200,000,000 mark ia 1913, maintained is in 1914, bat fell "ys the Oil, Paint, and Drug on record by slightly below in the year ended Reporter, went

unanimous standing vote in fav Juse, 1915. That year the port's car of the development of the ratio to the United States total,

that not including specie, rose to 58.29 per cent..

&verage

over $0 Area

the year

Russia's Need of American. Capital.

the

taken

be

for A

matter

American

HONGKONG SHARE REPORT.

8-SELLERS; SA-SALES; B.-BUYERS; N.—NOMİNAL.

д

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

OFFICIAL PRICES.

BANKS.

Ea

$775

$400

b.

b.

t. 155 $925

2. ex 78 $260

b.

b.

$154 $386

For 6 Months 4% per annum

#129

$223

D.

$132

b.

$16

b.

112/6

b.

.:8

REFINERIES.

KM, b,

$113 $30

SHIPPING.

S'hai Lands

MINING

For 12 Months 41% per annum LOOK POON SHAN,

Chief Manager.

NOTICE.

NOTICE.

PEAK TRAMWAY JO

LIMITED

TIME TABLE.

10€ - 10

WELK DAYS

Log

1.05 AM. 10 20.00'

NIGHT CARS

toyo pral and pay is to 11.00 kvery nall hɛan

11.00 .. to studs ... SYKIY Chacer of an beu

SUNDAYS

2.34,

1 te roge alm." Everett,

5.10 P.M.

tt Haz..

NIGHT CARS on Week Day

SAURDAYS

Extra Car Miamidalght.

EPLCIAL CAKE

Be Arregement as the Company's Lick, Abends Batidlegs,

Das For Ro

b.

Event 13 Mam

as Mam,

B.

Н

13 MENA

II.

a.

30/- 341-

Exac A.M. 20 FRA BANK LO Les KiM, C

APM. 10 VIDA RUM, LE

42

+3

ANAS PUBLI

AS MARI

ав

10 MT

5.00 IM #

ag Man.

10 M

$821

$129

b.

t. 85

LANDS, HOTELS AND BUILDINGS.

},

I..

SEIDO MAN, 10 11.00 ...

TO MIN

11.80 .. 18:00 Noca 12.00 Nook to a

Mim

·

8101

1.00 MI to 5.00 7-

14

TS Mari

$115

$100 W, ED 4.00 P.K. Lo

to Mr.

1.00 .M.

"

ry Mr

b. & sa, 101 b.

$6,75

IL

$28

11.

8.

t. 95 $68

COTTON MILLS.

b.

t. 1481

ka.

t. 14.50 t. 39

b

t. 5.40

MISCELLANEOUS.

b.

$8%.

$4,75

b.

**9,20

5.

$40

ва. $10.25

sa. 854) & 55

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

1.

100

b.

$34)

$10

€7,20

$9,00

***

h.

5.

$17,00 $7.00

€6.90 $29

Steel Foundries D.

principal raw material. It should be well worth the attention of the large firm, who are engaged in cotton #pinning, weaving, do, to een whether supplies may not be available from China in the future. Like everything else in China, it will take time to obtain a supply. and therefore the

Banks anot ba

in band MARINE INSURANCES. too soon. As with engineering, Cantons it will need men who understand North Chinas

b the language, and who understand Unions the requirements of the cotton Yangtszes mills, to thoroughly survey the FIRE INSURANCES. cation-producing districts of China Fires Chins, to master the local arrange-H. K. Fires ments, the Icoal method of trans- America is reminded by the port, to work out the coate of American Banker that the Tear's transporting the cotton to the Steamboats

Douglases dominions, with their population shipping ports, and, above all, to Indos (Def.) of more than 170,000,000, offer a get into touch with the producers, Indos (Pref.} limitless field for financial opera merchants, &e. It would pro- Shells tions, and that an American bank bably

very good Ferries ie about to open two branches in plan the Empire, one of which will be of an engineering firm, producing Sugars

representative in Petrograd, and the other in machinery of all kinds. used in Malabons Morcow. This journal goes on the cotton trade, to go over the to say: "To-day, Russia is be ground with a representative of a coming what the United States large cotton firm; the machinery Langkats a bean industry in

Kailans section of the country, and for has been in the past, a continen- man would more than probably Raubs scientific co-operation with State tal area of limitless wealth, of beable to suggest large economies Tronohs agricultural authorities to bring which the surface has not even by the aid of machinery and in- Urals Beaufort Borneo Rubber.

Boys been scratched as yet, Europe creased output that would give The report of the Beanfat about this end. The

bean oil

in fade America a market for ex the sarplan required for export.-** consumption Borneo Rabber Company for the

DOCKS, WHARVES, more valuable than any Eastern Engineering. year to 30th April states the area America has surged to the front poria

GODOWNS, &C. planted with rabber at the close very rapidly during the last year other part of the world, and hence

H. K. Wharves b. of the year was 1,537 acres, in a direct result of the increased the eagerness with which the British Trade in Latin America. Kowloon Docks b. addition to which 110 scree were demand for cottonseed oil and the various commerical nations seek mittee of the Royal Colonia}}

The Trade and Industry Com-S'hai Docks high prices oblained. In fact, entrance into the American mar Institute bave received the follow- planted with limer, making a tots) planted area of 1,647 atres, with the enlarged entry of cotton ket. To-morrow, Russia will The total catput of rubber for seed oil into the foodstuffs market be of far greater value commerciing statement as to the possible Centrals the year amcuated to 228,2101, as an edible fat, and the perfec. ally to her Allies than the United extension of British trade in Latin H. K. Hotels against an estimate of 190,000 tion of the product for consump States to Europe since 1816. All America-British trade has lost Land Invest. Iba, The

number lion se salad oils and cooking the natural wesith which America round in Latin American coun- H'phreys Est. of trees tepped

by conatant possesses is beld in even higher tree, or, to put it another way. K'ioon Lands was 91,250, pile, etc.,

British people have not had as! of ly growing clientele, it degree by Russis, and the first spread about 650 acres, and the total bas been withdrawn more sad s'eo toward the utilizing of there much trade as they ought to have. West Points number of trees in tapping at the more from use as a sapocifying Fources has yet to be taken. There are too few purely British Ewos

dane, for one' main reason, viz. : 30th April was 96,000. The arer- oil, and the product from the This is why the American bank-

■ge groes selling price was 2e 9yd soya bean has been substituted in ing institution above spoken oi] American countries. In Central Shai Cottons

importing booves la Lalin Kung Yiks large messure. In ject to-day is to anxious to be in the field and America, and. I believe, in Yangtszepoos per lo, compared with 224d in

consumers of soya open branches in its two princip-Mex co and South the corresponding period of last the largest

bean oil are soap fectories, hith- al cities. These American countries, the stores are largely Borneos year, while the "all-in" cost of

are welcome in production amcanted to la 3-4 per rto relying upon the product oomers

in the bands of Germans. Taese China Light &P.b. as a base country which they seek to enter. firme, pursuing the national idea, Providents Ib. The estimated outpat for the of the cottonseed

for Вовр current year is 280,000 lbs, and

manufacture, The They will find an inviting field sach an idea being practically Dairy Farms the manager estimates the fob change was an economic cne, and opportunities of financial ex-onkoown to British people, always Green Islands

about by the high and commercial develop catpat so far is 56,500 lbs. The of cottonseed oil as compared with ment without a parallel in spy and they have a definite polies of H. K. Ice Co.,

is, the soys product, for when cotton- other part of the world. Half a net profit for

promoting German trade. This Ropes. £13,112, to which is added £2,455 seed oil was selling at 11 cents, century ago, or, for that matter is a laudable objset on their part Trams, Low Level sa. brought forward. The directors Boys oil was about three cents for a generation prior to the and British people should take Trams, Peak, old b recommend a dividend of 6 per less. The wartime demand for Civil War, the United States had cent. on the guaranteed shares, glycerine and the use of cotton- territory without population, and the lesson to heart, have a definite Trams, Peak, new b. cents.85 leaving a balance of £11,072. In seed oil as a glycerine base pro- so was forced to wait for time policy sled, and try to "go them Laundries b. accordance with the terms of the duct was naturally enough ar and immigration to give it the in- ons better." Most of the German U. Waterboats R

firms are of mushroom growth, Watsons the ear- important factor in the increased habitants which were needed to concession agreement,

build up its industries. Russia has young men have come out for a Wm. Powells plas profit for the year, after pro- prices obtained for cottonseed. viding for a 6 per cent, dividend

no need to wait for settlers from small salary of about 200m, os Morning Posts b. on the £75,000 guaranteed shares,

even less per month. They were abroad, because it already has S A recent despatch from Pists population which is well-nigh fellows, of great adaptability, got

serione, hard-working must be refunded to the British

young North Borneo Company, in re- burgh reports that the scarcity of double that of the United States, very few pleasures, but, by dint daction of the advance for gaar anfuiebed steel has grown still what Russia does need, however, anteed dividend. The 6 per cent more scute if such a thing is is capital, and the coming of this of closs attention to business, they dividend will absorb £4,500, possible. There is no soft steel indispensable agent of prosperity were soon able to make themselves leaving the sum of £8,618 to be to be had, in billets, sheet bare, is urgently sought. American valuable to their employers, and paid to that company and of £2 etc., for any delivery this year, financiere have in Russia one of were admitted as partners. They and there are scarcely any offer the most inviting fields in the are a reliable class of people, and 458 to be carried forward.

inge for next year's delivery. world for profitable investment in all credit is due to them. The Lead Mesara. J. Spont and Co.'s weekly offered, in hundreds of tons, but oil fields. When these opportua occasional trip abroad, and so the T/T

There are ocossional odd lots manufacturing plants, mines and of the fras go home, often open a house in Hamburg making an ootton market report for October

they mean nothing, in a normalities are made use of America-will' 5 Bays:-

market there should be not tens find its capacity for embracing The same thing applies to the 30 d/s,

process of development goes on. Demand colton market darizz the

but hundreds of thousands of tons foreign opportunities more than past week has been a dull affair available for delivery over five exceeded by invitations which

gricultural part of Latio 60 d/s. and rates here again declined to months. Market quotations are will be extended."!

4 m/s.. America, where large numbers of the extent of some four mace per now Lurely nominal, at about $45

coffes and sugar estates are owned | T/T Shanghai.... picul, at which a few thousand to $5CG. but the offering of a pre-

China as a Cotton Supplier.

by the Germans. To increase T/T Singapore picula are reported to have

At the prerent time the Lan- British tra e, you need initiative / Japan mium of 85 or $10 & ton would changed bands. Tangchow bas

cashire cotton mills are very of this character. It will do little Demand, Jadia

T/T India not bring out the steel. Although largely dependent upon Americs good to now been done at Tis. 22.75 and steel is more or less Ecarce in for their supplies, and there are catalogues,

send out travellers, T/T San Francis-} Shanghai at Tis. 20.70. Arrivale nearly all directions, it is not two factors tending to reduce the agents and spend large an OTT Java -

samples, appoint from the interior are improving universally so. All descriptions available quantity from there propagands in countries where T/T Marks Nom.

co & New York! daily, and while the general senti- of finished steel are not as scarce the limitation of the cotton belt such a. condition of fire se IT/T France........... 3.04 12 125 4 ment seems to point to a further

se billets and sheet bars. Light-the area within which cotton have indicated prevails. It was Demand, Paris..... 3.05 decline, it would be dangerous to Overlook the fact that the world'e Gauge abeats, for instance, can may be grown-and the incre impossible to

make headway market for cotton to-day is ins

readily be purchased even for

ing manufacture of cotton fabrica before the war, and will be atste of feverish excitement, and quite early delivery and at low in Ameries itself. The United more difficult sfter the war. It

4 m/s. L/C prices compared with those pre States of North America is one would be prices in New York, Liverpool ailing for unfinished steel and of the largest castomere for cot- some or our Manchester, Birming-30 d/s. Sydney &

worth while for 6 mis. LIC 4 m/s. D,P and Bombay have resobed un- for majority of finished products. ton fabrics, and naturally it is ham and London exporting precedented heights owing to a Sach an alignment is, of course, more economical to manuf.cine firma or associations which might 30 d/s. San Franc heavy shortage in the American altogether anneual. If raw steel what is required at home than, to be formed, to open up branches crop. With such a bullish mar is ecaroc, all descriptions of unexport the cotton and import the in the principal towns of Latid ket all over the world, a time is finished steel should be equally manufactured fabrio. India and America. I should also suggest 4 m/s. Franes....3.16 11⁄2 bound to come sooner or Inter

scarce. Some description might be when Chinese cotton would prove abnormally scarce, through there Egypt both promise to give that the Board of Trade, Cham-6 m/s. Francs 3.21 11⁄2 temptingly cheap, not only to

supply of cotton as the years roll bers of Commeros, and public Demand, New York. 52 the Japanese spinners but to the being a shortage of rolling capac" | om, bat a sapply from China spirited men take the matter "P, T/T Bombay

Demand, Germany.. true that the political state of the particular finished product, but

no finished product should be Southern China

welcome. A large portion of fellowa at home should become T/T Calcutta......... country is apparently again in an more plentiful than normal. The fer

ia available interested, and whilst they would Demand, Calcutta... 1624 unsatisfactory state, we cannot peculiar alignment referred to is although the demands of the selves like the young Germans Demand, Singapore, 938

cotton growing," and "do a splendid stroke for them Demand, Manila ... but help feeling that same in due in large part to the extreme Chinese them elves are neces do, they would also do something On Haiphong.

10434 only superficial” and

Rcarcity of labour. In many came sarily very great, it is more than for their country. They would On Saigon..... result

4% prem. in anything

a mill could make more money probable that by the introduction need to forget cricket and Loor On Bangkok 10 loss. Under such circumstances, by closing a finishing department of modern methods of cultivation, ball games and matches, picture Gold Leaf, per c.... 52.49

34% prom. and looking at the situation from and selling the raw steel instead, and, of handling the cotton, there shows, and make their work their Bar Silver, por os.... 3216

Sovereiga the broadest point of view, we but to do so would be to low would be an increasing sarpius pleasure. The opportanfly exists, consider the prices of Chinese men, Johr would be obtained available-for Lansehirs. Indis, { and a sensible fellow musi succeed, SUBSIDIARY COINS. cotton to-day rather cheap when elsewhere immediately and the it will compared on a purity with Indian men could not be got back until steadily increasing ita competi- the man who expects to have the be remembered,' is in fact alwaya does unoceed, whilst | grades, and purchases made at pre- the next period of depression. tion with Lancashire, so that conveniences and pleasure that he ment rates will be ultimately pro- The loss thus involved would be the greater the volume of had at home, or in a weak phae-Chinese...20 ots pieces 1034% dis. fable. We would advise buying moob greater than the temporary cotton available for the world's aster, is more than uscles, be Chinese...10

DIBOOUNT PER $100: gradually on every break. Tane profit in relling raw steal instead requirements the lower will cause he only discredits his Hongkong20 ola, pieces of the market, Quies.

Chinese Cotton.

The

Scarcity of Steel.

|

CORRECTED TO NOOR TUESDAY

OCTOBER 10, 1915,

BENJAMIN & POTTS, Share and General Brokers,

Princes Building.

Tel. address: Broker.

EXCHANGE.

SELLING.

2/2 34

2/2 5/16

2/2 36

2/2 14

2/2 9/16

70 14

931

102 14

162 14 162 34

52

"Sezzon and punch cicheza avaliable for all curs ret already full, running at the time stated in tha Company's time tables, but not for special car. Cas be obtained on appllektion at the Compary's Offee No San sicket will be lurned daul res) went thme, for hesteen made in Bank Notes or by Chequeo Comprare under representing Back Sous-

JOHN D. HUMPHREYS & CO.

THE CHINA PROVIDENT LOAN AND MORTGAGE

CO., LTD.

BANKS

HONGKONG & SHANGH!

BANKING

TION,

|Paid-up Capital,

RESERVE FUNDS:

Sterling

CORPORA

..$15,000,000

*£1,500,000 at 27-

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

$33.000,00

Reserve Liability of

Proprietors....$15,000.00 I

COURT OF DIRECTORS.

W. Puttenden Chalrest. 3.H. Doderl, Big-Deputy hairnga G.T. M. Adkins, Eng. C.*: Gubby. Fig. Hou.... Holyoak Hon. Mt. D. Laziale,

J. A. Mammer, B.

Hon. Mr. X. Shellim.

CHI MAXASKS

Bongbong-N. J. Stabb, Z

MANAGER

Shanghai.G. Stepben, Esq Londos Bankers-London County and Westminuri, Limited.

Kosglong-Interest Allowed't-

On Current Accounts at the rate of 1 per cent. She sanum on the daily balance

ON FILED DEPOSITA,

For 3 months, 20 per cent. per aprum. For 6 mois, 3 percent per annum. For a months, percent, per annum, "N. J. STABB.

Chief Manager.

!!

HONGKONG SAVINGS BANK ·

THE Busines of the above Hank is conducted by the HONGKONG ASU »BANGHAI BAKKINGS CORPORATION, Kale may be obtained on application. INTEREST on deposits is allowed on the min imam monthly balances at Bi per cent per ZDDEM.

Depositora may transfer, at their pilon, balances of $100 or more to the Hongkong. Bask to be placed on FIND DEPOSIT

Shangha

vens, Der BABUM.

doo.

For the Hongkong and Shanghai Backing Corpore-

N. J. STABB,

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND

CHINA. "

Incorporeist by Royal Charter 1857

HEAD OFFICE-LONDON, Paid-up Capital£1,200.00 Reserve Fund manage

Kerre Liability of Prepriscor£1,300,00

£1,100,000

FOREIGN, BXCHANGE and General Bankin

business transacted. DE10-ITS received for 1 year or shorter periods, # CURRENT ACCOUNTS opened and FIXE rates which will be quoted on 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 Up

Reserve Fund

1,125,00

562,500 550,000

Loans on Mortgage of House Property &c.

Goods received on Storage

Advances made on Merchandle.

Loans made on the Provident System, (Raves and Particular on

The Officeplication),

TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &c.. Undertakes and Executed.

SHEWAN, TOMES & C... General Managers,

KANKERS:

The Bank of England, The London loint Stock Bank, Limited.

BRANCHEE Bombay

MITSUBISHI COSHI

KWAISHA.

(HITSUBISHI CO.)

COAL DEPARTMENT,

SOLE PROPRIETONS OF TAKASINA DONI, MOTABE, KISH. IBAKE, YOSHINOTARI, HOJD, KAMA. ZUTA, SAYO, KAKADA, SHENNEW, KAMIYAMADE, BIBAI and OYUDARIJ

Calllarlos.

Agent for SAKITO COAL

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, SHANGHAL HONGKONG. HAIPHONG and CANTON.

Karachi

Calcunis

Kota Bhar

Colombe

Kuala Lump

Delhi

Madras

Galle

Peunog

Hangkusz

Kangoos

Howrah

!hanghai

Kandy

Zingapore

Per Louis Mauritius.)

,

ין

HONGKONG BRANCH,

Every descriptios of Banking and Exchans a business transacted

Interest allowed on Current & cgODOIA A SPECI per annum on Daily Balances, and on Fixed Depr at rates which may be saceraised on application

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

55 Wall St., New York .

LONDON OFFICE: 36. Bishopsgate, E.C. CAPITAL PAID UP RESERVE FUNDS

$3,250,000 $3,628,000

..16,878,000

U.S. GOLD

BRANCHES *

RONGKONG PEKING, KOBE

SAN FRANCISCO LONDON SHANGHAI MANILA SINGAPORE MEDELLIN TIENTSIN PANAMA УОКОНАКА

BOMBAY CALCUTTA CANTUN CEBU

COLOY

| HANKOW

Cable Address :—"IWASAKI," Codes: Al, A.B.C. 5th Ed., West-City Bank of New York, the Bank is able to offer the Through Its close affillation with The National ern Union, and Bentley's.

Services of the Branches of that institution in Cub and South America, namely: BUENOS AYRES, HAVANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CUBA,

SANTOS, SAÃO PAULO,

AGENCIES

CHINKIANG-Mosers, GEAR-

ING & Co., MANILA-Messra.

All kinds of FOREIGN & LOCAL BANKINO CURKENT ACCOUNTS opened and FIXED

| MACONDRAY & Co., SINGA=| BUSINEES transacted.

PORE Messrs. BORNEO CO. DEPOSITS received at rates to be ascertained on

BUYING.

Melbourne m|

inco& NewYork/

2/3 1/16 #/3 3/16 2/3 5/16 2/3 5/16

53.4.

application,

| BROWN, MCFARLANE & Co., LTD.

K. KATO,

4 m/s. Marks ......Nom.

world at large. While it is quite ity to turn a steel into that should also be heartily so that by propaganda the young Demand, Bombay... 162

cannot

of finished product.-Kuchange, be the cont to Lancashire of her, country

Hongkong10

9,05 Nom.

1012/dia.

LTD, GLASGOW-Messrs. A. R.

For Particulars, apply to-

Manager.

N. 6. MARSHALL

-Manager,

Hongkong, 1st June, 1916.

THE

No. 2, Pedder Street, Hongkong. YOKOHAMA SPECIE BANK,

MARTIN'S ·

APIOL & STEEL

+

PILLS

& French Ramadı Şər all Israçılarisian. Tara inndant mixwys kino a 100, GE Strony wala ka dhe hones, no taste din daw sa at say Iroueniącity of the Syuhan a Wisely demo may be niministered. Hices when

mena saja. kl Chemideta novi plovus asli sa Theons World, or POR Tree Thing

MARTIN'S

SAPIOL FLE

LIMITED.

Established 1880. Authorised Capital Yau 48,000,000

Paid-up Capital Reserve Fund...

P

43

30,000,000 20,800,000

THE ALEXANDRA CAFE Cannot be Beaton, ff Equalled | for Bread, Cakes, Confurtacnery, and misle with Winse & Liquers | Ho

Head Office.-YOKOHAMA

Branches Anag-Hila Bomber

Cafpatia Changcha

Dada

Hara Haskow

and

Nagasaki

New York

Opeka

Folding

Lan. Franciigs"

Shanghal