1916-10-18 — Page 10

THE BUDGET SPEECH,

It

THE HONGKONG TELEGRAPH, WEDNESDAY, OCTOBER 18, 1916.

goal of complete victory which in common with her valiant Allies she steadfastly keeps before her eyes is finally reached.

|

COMMERCIAL.

New Rope Company for Manlia.

· At the archives division of the

HONGKONG SHARE REPORT.

&—SELLERS; SA-SALES; 8.—BUYERS; N.-NOMINAL..

General term "Wages' under "Other Charges" is now set out in detail under "Personal Emolumenta.” will be seen that the former item, (Continued from Page 8.)

"Wages," and the total of the de-

In the common effort towards that Item 9-810,500 is for an under-tailed salaries, do not correspond. end this Colony has taken no ignoble Philippine library and muream ground cable from the General Post the latter, being several thousand part. Referring to the financial side yesterday was fi'ed an official Office to No. 2 Police Station on dollars higher than the former. The slate the annual expenditure for the permit from the secretary of com- which route the number of wires explanation of this discrepanty is defence of the Colony and in con-

merce and police to the Tabbe three-fold. Firstly-repaire

next nection with the War will this year Cordage company of Californis to has become excessive for poles.

Item 18-$1,500 is for a useful year are expected to be somewhat probably amount to 2,716,372 and engage in business in the Philio- apparatus invented by Captain heavier than this year, and the is estimated for next year

pina lalands, mys the Manila Banks Tyler, Coast Inspector to the Chi-wages bill is increased, though to 83,017,707. She is about to present Bulletin of October 7: The MARINE INSURANCES. nese Government, which has been no great extent, in anticipation. the Imperial Government with a gif company ie încorporated with a Cantons Successfully installed at Shanghai, Secondly, it has been the custom of 3,000,000 and she may increase capital stock issue of $1,000,000, North Chinas

that gift if adequate and satisfac-1 of which $975,000 has been sub- Unions whereby the moisture in the air in to estimate under. "Wages" for a summer is reduced and the general sum of about 85,000 less than the tory ways and means of finance Can Foribed sad paid in. It is engag-Yangtszes

sum actually required to pay the be found. It may also suffice socied in the manufacture of rope temperature lowered.

The exceptional sum of $180,000 men, the balance being received by who are ever ready to criticise with- and cordage and in dealing in China Fires has been entered for Compensation transfer from the votes of other out first taking the precaution of those commodities and in hemp H. K. Fires and Resumptions as some large rebranches of the department for ascertaining facts a very common and other fibros. Mr. H. L. Heath

n of

sumptions are necessary. Under Waterworks" $590,000 is entered to complete the reservoir at Tytam Tak and the Service Reservoir at West Point

which work was done.'

In the es

timates before you the actual cost of the Workshops' staff is shown, and the votes in other departments have been reduced by appro- ximately $5,000 Thirdly it At Kowloon it is proposed - to j erect more free quarters for subhas hitherto been the practice to

erdinate officers at a cost of $35,000 and to build a market at Shamshui- no for $16,000,

[セ

cost

include painting of rolling stock under "Wages". Painting is now separately provided for, as is ex- plained in footnote (22) on page 111. Under "Miscellaneous" a sum of Under Other Charger coal is $11,000 has been provided for the estimated

$29,000, and resumption of Ferry Piers. This is Materials for Repairs and Renew in connection with a scheme for im-als, Locomotives $5,400, more than proving the ferry services between the estimate for this year. Run "Victorin and Yaumati and Shamashui- ning stores are entered at 817,500 0s;

po, which was.postponed on account against 813,000 this year. of the war. The need for such a scheme is urgent and as funds now permit it is proposed to go on with

st,

Under "Waterworks" item 43—n suin of $97,000 has been provided

Under Head No, # Other Charges" an increased sum is ro, rided for the maintenance of Tele graphs and Telephones.

Under Head No. 0 the expenditure on the Fanling branch has been cut

to begin the work of laying an addi-down, and it hoped that this small tional main from the filter beis to line, which is now run as a traureay,

may pay its way.

Yaumati.

In the New Territories, under the heading "Ronds" item 45 db), a rum of $125,000 has been entered for a road 20 feet wide from Sham-uipo to Tsun Wan. It is proposed that this road shall be continued to Castle Peak to join the existing rond, which is to he widened, there

t is

Under Special Expenditure are two large items for works, which would have been formerly included in the construction account. possible that the payment for land may be completed this year, but as this is doubtful it has been ruti- sidered desirable to make provision

by completing the circuit from Kowext year. The erection of the plate

Toon via Fanling,

Under (c) $15,000 for widening to 20 feet the road from San Tin to

Au Tau.

Under (d) $6,000 for widening an- other portion of the road to Castle

Peak

Under (c) 890,000 for widening and

the most) improving the bends on dangerous part of the road to Taipo.

form awnings has been delayed by the difficulty experienced in getting suitable material from England.

THE

PUBLIC DENT.

Under the head "Charge un e- count of Public Debt" considerable

|

reductions are shown, for interest and Sinking Fund charges in een nection with the existing debt owing

at

failing in this Colony -to learn that` her contributions to Imperial War Funds and to War Charities are at present as follows:- British War Loans £2.603,000, in- cluding £90.000 in British War Expenditure Certificates, £73,000 in six per cent. Exchequer Bonds, and £20,000 in War Savings Certi.

ie the local manager for the company.

b.

REFINERIES.

Steamboats Hackow Imports.

Indos (Del.). Referring to imports of cotton Indos (Pref.) goods and yarn the weekly report Shells of the Hankow British Chamber Ferries of Commerce of October 4 sayı:~~- No change, and a quiet week Sugars with little doing to report. There Malabons ficates.

Charitable and other Contribo-has, however, been a steady in

provement in deliveries, except Kailans tions to the War:-

in white thirtings. A brisk de Langkats mand for Shanghai-made yarn reported, and several good orders Tronohs hire been placed. Siles of some Urals 700 balea Japanese piece goods and 1,000 odd bales JapanÖGS yarn are also reported during the H. K. Wharves, b. week under review. There has Kowloon Docks b. been a little business in drills Shai Docks

Prince of Wales Fund £31. War Charities, administered

by the local committee... 15,000 The British Red Cross Society "Our Day" rubscription

1916

with I hope a large addition

this week.

Sir Robert Ho Tung to the

Red Cross Society

and also two aeroplanes Tai Yau Bank, one aeroplane Community of Hongkong, two

aeroplanes

The Belgian Relief Funds

about......

The Belgian Red Cross Fund Motor Ambulance presented

by Mr. Lau Chu-pak

and others....... Motor Ambulance presented

by the ladies of Hongkong The Navy League. Star and The Tobacco Funds about

Garter Fund

Raubs

BANKS

BANKS.

BANK OF CANTON

**LIMITED.

HEAD, OFFICE HONGKONG |Paid-up Capital ..............

Ho

| ONGKONG & SHANGRSI BANKING CORPORA-

TION,

$15,000,000

RESERVE FUNDS:

FOREIGN EXCHANGE and General Banking Business Trans- noted.

··Sterling -

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

INTEREST ON FIXED

DEPOSITS:

For 3-Months 3% per annum

F

For 6 Months 4% per annum

For 12 Months 41% per annum

LOOK POON SHAN,

Chief Manage),

NOTICE.

NOTICE..

EAK TRAMWAY CO

LIMITED.

TIME TABLE.

7.00, to *ADE AJ, to

$

WEEK DAYS,

10:00 A 15.00 A.

65

dj Mam. 10 May

4)

1. Ex

H

in Man

14

* MM.

14 M

OFFICIAL PRICES.

BANKS.

$765

$400

£155 $925

FIRE INSURANCES.

ba

b.

1. ex 78 $255

$154 $387

SHIPPING.

Douglases

b.

$1926

b.

$221

b.

$139

b.

$46

b.

112/6

b.

$28

b.

$124 $37

P

MINING

B.

30-

b.

£.25

n.

$2.75

11.30 AM, ko

n.

28/- 34/9

19148 7.36 to

SIES VIGO

DOCKS. WHARVES, GODOWNS, &C.

MAX FOR CO

100

$8316 $192

1,920

3,000 1,500

and cotton Italiana. The drop in | valus of copper notes in making dealers act very cautiously.

Centrals

sa. & b. t 85 LANDS, HOTELS AND BUILDINGS.

h.

By Qarar geen bouz

SUNDAYE

2.30 ..

B.

11,00 4.K.

TO MA

11.30 A.M. to 14300 Noos 18.00 Nook to 5.00 Fil

KS DEAN.

M

To Him:

$101

2.00 PM:

13 Ma

3,000

Record Price for: American

Cotton.*.

H. K. Hotels

$115

[ro Lo

5.00 1.0

10 MTR.

1.4 > 3,00 F

..

*

is Mam

Land Invest.

..b.

$101

bo J, Bo 4.90 7.1.

10 Ma

H'phreys Est.

b.

$ 6.90

100

K'leon Lands Shai Lands

D.

€38

83.

t. 934

130

West Points

#.

$87

cane:--

COTTON MILLS.

463

Spot

9.951.

Ewos

b.

450

October-November Janusry-February 9.852.

9.83d.

Kung Yiks

82

S'hai. Cottons b.

Yangtszepoos I

t. 1623 116 t. 1:21 t. 6

1.0

1,00

a week ago (September 28) were | 851d., 9.39d., and 9.474., so that Borneos

MISCELLANEOUS.

31.

$ &%

$1.75

b.

$9.20

6.

$40

b.

$1014

€3

$55

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

n.

$100

n.

$36

Loans on Merigage of House Property & Goods received on Storage.

$10

$7.16

$9,60

1.330

Tuzal.....£61.261 "Eupplemented by a gift of from the men of C.B.S.

"Wilmington.”

do not suggest that the Colony has done enough. In this small, but important outpost of the Empire we

Reater's Liverpool cotton market quotation, dated October

5, in as follows. for mid-Ameri-

The corresponding quotations,

the rise during the week smounts China Light & P. b.

Providents to 44 points for spot, and 38

On points January.

Octo. Dairy Farms Green Islands ber 2, the day on

which H.K. Electrics the American Government H.K. Ice Co., crop report was issued, the Liver Ropes pool quotation was 8.49 1., 9.378., Steel Foundries n. and 0.43d. In some quarters, Trams, Low Level b.

Trams, Peak, old h.

to the higher rate of exchange while have been less affected by the War 20 cent cotton at New York is

I think the programue of Public 40 provision is necessary for inter than other parts of the Empire and predicted. Cotton is making a Trams, Peak, new b. cents 85

Works should keep the department well occupied during the year.

THE POST OFFICE.

In the Post Office, under ber Charges" the bigher exchange is estinated to result in a waving of 810,607 in the share of Mail Subsidy,

and transit charges are estimated at

$20,000 less than this year. A FUM of $3,500 is entered for coal for the launch, which is $1,500 more than this year, while the higher cost of material is responsible to

some

the votes for. mail bage and un- 1976.

The form of the Estimates of Ex- penditure of the Kowloon-Canton Railway has been entirely recast. The estimates for the current year fall under two main heads:

A. Working Expenses.

B. Expensee of Construction.

capital account.

est

this Colony

long ako

As

many years, if exception is made

b.

$8

"

b..

$17,00

$7,00

Win. Powells

$6.90 $29

CORRECTED TO NOOR WEDNESDAY OCTOBER 18, 1916, BENJAMIN & POTTS,

Share and General Brokers.

Princes Building.

Tel address: Broker.

EXCHANGE.

SELLING.

2/2 14

2/2 5/16

2/26

2/24

2/2 9/16

70 14

93 4

102

162 $4 163

on advances by the Crown it is therefore, a clear duty to make record in price olimbing and the Laundries Agents and the overdrali at the real sacrifices in aid of the enormous figure reached this week is one U. Waterboats Bank, which have happily ceased work going on for the relief of suf-that has not been touched for Watsons to exist. The necessary provision fering among our gallant troops, and has been made for the service of the not merely to give of our abundance. of the high prices of 1910 when, Morning Posts b. new loan of $2,000,000 concerning

- In this War, men and more tuen, 19,75 conte was resched in Naw are required and it is right that I York for spot, but that was due to which I will address you shortly.

should again mention what has so cornering and not to a state of the The amount required for Civil far been done by this Colony during market brought about by crop con. Pensions is lower than for the car: the War. Between two and three ditions. The present rise dates rent year by $19,000. that Honourable Members will reis difficult to calculate the

I am sure hundred men have gone to fight. 3t from October 2 when the Agrion!- exact tural Barean's crop condition re- gret the disappearance of the penumber as some have joined at port as to Beptember 25 was ie- tion hitherto paid by this Colony to home, but later on all the names sued at Washington. The estimate the late Sir Cecil Clementi Smith will be carefully recorded. extent for an estimated increase in It is a matter of which I am sure number may not seem large, but the in two jumps the price advanced The was so low as 58 3 per cent, and the Civil Service of this Colony Las Colony is small while ber trade in practically. a cent. The corre been proud that one of the first big and her trade has to be carried ponding reports for the past 10 T/T ......... batch ppf Cadet Officers should on and if possible extended. have had such a

I can years show no euch low estimate, Demand distinguish-

only repeat again as I have several the nearest being in 1909, 58 530 d... ed. career. Though he left times before that if they cannot be per cent, with the highest, 73.5 60d/s.

4/8... spared for the front ablebodied men per cent., in 1914. The report for 1878 to become Colonial Secretary and of whatever age can by joining the September 25, 1915, was 60.8 TT Singapore... TIT Shanghai................. subsequently Governor of the Straits local Volunteer Forces and making per cent. A general estimate T/T Japan Settlements, we had the pleasure of themselves efficient release men of made in New York places this T/T India the latter being expenditure on welcoming him here again a few the Regular Army and so indirectly season's crop it 11,600,000 bales, Demand, Indis

The capital ac years ago when on his way to

help to increase the fighting forces. while the ginners report 4,083,000 T/T San Francis-1 52 count having been closed all exper. Shanghai as the principal represent is astonishing to me to find that bales already ginned. ap to

co & New York! diture on the railway is now includ- tative of Great Britain at the Can.

after all the efforts that have boon September 25. Commenting on TN Java 126 ed in working expenses under the ference on Opiuni.

made there are still men holding these two reports by telegraph the TT Marks Nom. For the first time for some years hack. By means of the Registration Liverpool agents of lesers. Tate / Francs .......... following heads:-

it is not necessary for the Governor

Demand, Paris ...... 9,05 to balance the budget by drawing of Persons Ordinance, which you 8ne and Co. say that both are upon surplus balances in order to passed last June, a weapon has been lower than expected. The market the hands of the Govern-in New York has been affected by

4 m/s. L/C

2/3 1/16 meet an estimated deficit. There is placed

2/3 3/16 an estimated surplus of Revenue ment whereby the names of many nervousness of short operators, 4 m/s. D/P

2/3 5/16 over Expenditure of $845,845 which en apparently eligible for service and notwithstanding the advance 6 m/s. L/C added to the estimated balance at either in the Volunteer Forces or in in price the South is selling very 30 die. Sydney &Į

2/9 5/16 Reserve have little, which looks as if holders

Melbourne... the end of this year of 81,003,643 the Special Police

30 d/s. San Franc- 53% makes a total of 81,649,488. This come to light. I hope the know- are expecting an advancing

isco New York will be a cash balance but I would ledge that their names are known may market. Liverpool is still bullish,

4 m/s. Marks

-....Nom. 4 m/s. Franog.......3.16 the expenditure is divided into anticipate any suggestion that the have the desired effect, but if it heaven at the advanced rates, with

consider | Janúary at 9.85d, New York 6 m/s. France ......3.21 "Personal Emoluments" and "Other possession of such a balance indi. not I shall not fail to

cates that more revenue has been whether further powers should not telegram received yesterday by Demand, Germany. Charges" as in other departments raised than is required for the needs be asked for. Of those who have Mesara, Tata quotes January 17 07 Demand, New York. 52.1

Under head of the Colony, by remarking that gone to fight for King and Country cents, March 17.25 cents, May T/T Bombay required for bridges and funnels must not lose sight of the fact at least 10 have I regret to to ray 17,40 cents, while the quotation Demand, Bombay... 163

that the high price of silver, high already fallen. Among the names for the previous day was eight T/T Calcutta has been raised from 81,300 to $3,000 exchange, extraordinary influx of are several who were accomplished points higher. Bombay broach Demand, Calcutta... 163 to meet the increased price of population, and large economies in in more than one branch of apart, quotation, received yesterday, is Demand, Manan materials and to provide for the public works and in other directions and we may feel sure that they Rs. 352 per khandy, which is an On Haiphong........

Demand, Singapore. 93 14 end. advance of seven points, or about On Saigon biennis! painting and renovation, havo all contributed to swell our net fought as sportsmen to the and for the same reason the votes receipts during the year while much (applause) Their gallant deeds will 2 per cent. sinos the American On Bangkok for Repiars of Staff-quarters and of our revenue is derived from not be forgotten and I hope that in orop report came out, while the Sovereign

* 70 6 repairs of Biation buildings have sources susceptible of violent fluctue- due course a suitable monument will American prion advanced seven Gold Leaf, per oz... 51.80 been increased. Under Head No. Lions,

be created to their memory though per cent. -3, "Personal Emoluments," provi It behoves us also to bear in mind in the thoughts and hearts of their sion has becɛ made for eight locomo- that the war shows no signs of tak-Į friends here they already have won tive cleaners at a cost of $1,690, ing an and. It is therefore our "Monumentum Are Perennius.” instead of the work being performed obvious duty to husband our re-applause.)

1. General Charges.

2. Maintenance of Way, Works

and Stations.

gon Expensei.

3. Locomotive, Curriage and We

4. Trafic Expenses.

€ Fanling branch line.

5. Miscellaneous Expenses.

7. Special Expenditure.

Under the first six of these beads

of the Government. No. 1 Other Charges" the sum

r

to have may further explanations than have been given by me, or em- by contract as hitherto at some sources and to increase them wisely In is proposed to take the second what higher cost. The staff of the as opportunity may offer for no man reading of the Sapply Bill a fort bodied in the notes appended to the Railway Workshops, which has hi can tell what sacrifices the Empire night bancs, and in the meantime it Draft Estimates, the Colonial Beere. therto been included under the may not have to make before the the Unofficial Members would like, tary and Treasurer will be glad to

give them

3.04 14

BUYING.

***

10444

4% prom

34% prem.

9.05 Kom

Bar Bilver, per oz.....32.5/16 ·

SUBSIDIARY COINS..

DISCOUNT PER $100;'

pieces 1196% diú. Cliness... 24 c Chinese... 10 Hongkong20cts pieces Hongkongit

NIGHT CARS

l-st part and pledu piya, Jake. La

11.00 M vyscy bali ho

100 al. Evhat ay kim,

NIGHT CAR.5 M to Wash Dayu

SATURDAY'S

Extra Car is midnigbi

SPECIAL CARS

hy Arrangemark at the Compway's O®ce, And Halldings,

Dee Voer Bond,

"STMOD LED PInch tickets available for all curs ext already full, rumming at the time stated in the Company's time tablas, but not for special car, Car be obtained on application at the Compat y's Office No Bensor ticket will be issued until payment there for has been made in Rank Notes or by Cheque os Compradore ordes representing Back Fotes:

JOHN D. RUMPHREY & CO.

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

Advances made on Merchandise. Loans made on the Provident Syalım. (liates and Particulars on application)

The Office of TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &c. Undertaken and Executed.

SHEWAN, TOMES & CO... General Managera,

MITSUBISHI COSHI

KWAISHA.

(MITSUBISHI CO.) COAL DEPARTMENT,-

SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTABE, KISH- IDAKE, YOSHINOTARI, HOJO, NAMA. ZUTA, SAYO, KANADA, SHIRKEW. KANİYAMADA, BIBAI and QYUBAR!"

Collleries.

Agent for SANITO COAL, .

HEAD OFFICE MARUNOUCHI, TOKYO.

£1,500,000 at 21-

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

$33.600,000

Reserve Liability of

Proprietors irenes $15,000,00 COURT OF DIRECTORS.

W. Ia Pattanden Bed, Charle MS 2002.

5. H. Dodwell, Eag.-Deputy dirt

9. T. M. Bakas, Kag.

0,Qubbay Esq.

Hon. Mr. P. H. Holyoak.

Hon. Mr. D. Landala,

1.A. Fammer, Baq.

Jon. Mr. Bhellim.

CHIEF MANAGER" Hongkong-N. J. Scabb, Eng.

MANAGER

Shanghai. O, Stephen, Fa Ladoo Banker-London Lucy Lad

Westminster, Limited.

Hongkong-Interest Allowed

On Current Accounts at the rate of 7 pm queL. PAY

annum os the daily balance.

For

For

ON PLIED DEPOSITE, months, 2 per cent per a q Formos, per cest per abben. months, i per cent, per aboman. N. J. STABB,

Chief Maraget.

HONGKONG SAVINGS BANK

THE FEDs of the above Sack is conducted Le CNGKONG A HANG HAL, BANKING (ORPORATION, Rules may be obtained on application. INTEREST on deposits sa milawed on the le kam monthly balances at Syj per cent. per a

Depositors may transfer, at their option, balanoma of the or more to the Hongkong and Shanghal Bank to be placed on FIXED DEPOSIT #2 « pa cms. per antium.

For the Hongkong and Shangbai Banking Corpus. tion.

N. J. STABE.

Chief Manage L.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter Th.

HEAD OFFICE:—LONDON, Paid-up Capital, Face Fond...

Reserve Liability of Proprietors

FOREIGN EXCHANGE and General Baghing

business transacted. CURRENT ACCOUNTS opened and IE DEPOSIT received for 1 year or shorter periods, at rasts which will be queted an application,

T. C. DOWNING,

Pre Manage Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF

INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London. Authorised Ospital......£1,500,000 Subscribed

Paid Up

Reserve Fund

BANKERE:

562,500 £50,000

The Bank of Engined, The London Joins Block Bank," Linked.

BRANCHES

Bombay

Calcutta

Colombo

Delhi

Galle

Hongkong

Howish

Kandy

Port Louis (Maurisiun)

Karachi

Kota Bharu

Kuala Lumpur

Mindra

Редник

Nangoos

hangbal

Zingapore

BONGKONG BRANCH,

Every description of Banking and Zachungs businesstructed.

Interest allowed na Current Accounts at a pet can per annum on Daily Balances, and on Finad Elegancis at rates which may be ascertained or applicación.

C. CHAMPKIN,

Acting Manager,

INTERNATIONAL BANKING

CORPORATION,

HEAD OFFICE:

$5. Wall L. New York.

LONDON OFFICE:

36, Bishopsgate, E.G. CAPITAL PAID UP.....$3,250.000

$3,628,000

.$6.878,000

U.S. GOLD

BRANCHES

HONGKONG PERING,

BRANCH OFFICES-NAGASAKI RESERVE FUNDS.... MOJE KARATSU, WAKAMATSU, OTARU, MURORAN, HAKODATE KOBE, OSAKA, KURE, TOKYO, YOKO. HAMA, NAGOYA, TSURUGA VLADI VOSTOCK, HANKOW, PEKING, LON. DON, NEW YORK, SHANGHAL EONGIONG HAIPHONG ind CANTON.

Cable Address "IWASAKI,"

BOMBAY

CALCUTTA -KOBE

CANTON CEBU. KOLON

HANKOW

SAN FRANCISCO LONDON SHANGHAI KANILA BINGAPORE MEDELLIN TIENTSIN PANAMA YOKOMAYA

↑ Through Ha close affiliation with The National Codes: Al, A.B.C. 5th Ed., West-Citylak of New York, the Bank is able to offer the Services of the Branches of time. Institution in Caba ern Union, and Bentley's. and forth America, Dassely S

BUENOS AYRE«, HAVANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CURA,

LANTOS, SÃO PAULO.

AGENCIES --

CHINKIANG-Mesars, GEAR-

All kinds of FOREIGN & LOCAL BANKING BUSINESS CAD UNCLOG.

CURRENT ACCOUNTS opened and FIXED

ING & Co., MANILA-Mesars. MACONDRAY & Co., SINGA- PORE Messrs. BORNEO Co. I received at rates to be necalcited vs

application.

N. 5. MARSHALLA LTD., GLASGOW-Messrs. A. R.

Manager. BROWN, MCFARLANE & Co. LTD | Hongkong, 1st June, 1916.

For Particulars, apply to-

K. KATO,

Manager,

No. 2, Pedder Street, Hongkong.

MARTIN'S

APIOL &STEEL

NZPILLS

Σ Fonach Sanader dig all levaduritian Marwarika la kis kong for that an die Strat

man Liam nenommend them,hames thatI 2000: zam radu, ALI ČINIMA AND Béarns oell ch

"MARTIN'Shay

SAPIOL

THE ALEXANDRA CAF)

THE

YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880. Authorised Capital Yan 48,000,000 Paid-up Capital ... 30,000,008 Reserve Fund...... 20,830,000

"

Head Office.---YOKOHAMA.

Hagasald Kowchwang New York Onio

Benches Antang Helen

Bombay Calceti

Dairen

Haskow Howoke

Son. Function

Lo-Yang

Lür Angrini

Tokyo

Latume Almond in Curvem 'Radic cuento

for Bre Cakes, Collectionery

PERMALISHI ONU. Manager.

And whats with Wines & Liacers, Hongkong, 11th Bart. It 16,

"

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