1916-11-22 — Page 9

THE HONGKONG TELEGRAPH, WEDNESDAY, NOVEMBER JUGA SENT IN GATELEMI

COMMERCIAL

Manchester Goods.

held of the Burgoi Buaya (Sums- London October 18-Cofton ka) Rabber Company, and the Tales have again taken sn up. Way-Halim (Sumatra) Estates werd bound, and have book wall The Chins Tea market shows over 10d. Business in Manchester little change, being quiet bet goods has been brought steady. Coffee in fair supply has Cimone to a standstill. Though met with slow demand, and prices sprices in Shanghai are wid to show come improvement, they are not good enough to stimulate buying

Siam's Foreign Trade. ".

American Cotton.

NEWS.

The Trade of Kłukiang in 1915,

H.M. Contul at Kinking (Mr. 9. King), reports that under a fting trade conditions the harvests of an agricultural region like the province of Kianga have ruled in favour of buyurs arcemarily play a more than In Sugar demand continues good usually important part in its at firm ratee. Peppars are du'l trade, and consequently in, the and etuier. Rice quiet, but trade of Kinking, which is

Manufacture of Bean Milk at Changsha,

owis, & remarkable inazosas în the exports of ruw soiton, which| Incresced from 174 oșta, în 1914 to 26.619 owts, in 1915. was at- tributed to bad crops in the Tang- chow and Shangbai district and to a demand in m Japan.

HONGKONG SHARE REPORT.

5. SELLERS; BA-SALES; B-BUYERS; M.—NOMINAL.

Sugare

OFFICIAL PRICES.

BANKS.

$740

Да

$400 t.132

. д.

$960

1 ex 78 $265

-De

Fe

$16) $987

SHIPPING,

$129

b.

#211

bis:

$138

b.

1.

$46

106/-

$38

REFINERIES,

$1591

Malabone

BANKS.

BANK OF CANTON. LIMITED.

HEAD OFFICE HONGKONG

FOREIGN EXCHANGE and General Banking BusizessTrans- acted.

41

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 DFor 12 Months 41% per annum

LOOK POON SHAN,

Chief Manager,

NOTICE

NOTICE.

b.& $58 PEAK TRAMWAY CO

MINING

Banks Foreign Trade of Philippine

MARINE INSURANCES. Inlands in 191g=16.

Cantons steadily held. In Manila Hemp situated in that Province on the Branch of the Board of Trade har Unions

The Commercial Intelligence North Chinas there is a good business paming south bank of the Yangtze, near According to the American at arm to dearer prices. Plants the mouth of the Poyang Lateeived a copy of a statement Yangtares Vior-Consni at Bangkok, the total tion Babber, after being firmer, That the possibilities of trade 63” the Philippine Islande during the China Fires

regarding the foreign trade of " FIRE INSURANCES, valus of Siam's foreign trade for has become rather dull and lower, pansion in the Kinking district the fiscal year ended March 31 Standard No. 1 Crape being are considerable cannot be denied, year ended June 30, 1916, inned H. K. Fires last was G. $67,127,000, ancora qucted 2a. 41d. per lb., and bat in view of the conservatism by Barman of Insular Affairs, pared with #66,644,000 for the Smoked Sheet 28. 44. per lb. existing in business matters and Washington, from which the f previous twelve months and Fine Hard Para is 3. 4. per lb. the apparent absence of any following particulars have been Douglases

Steamboats $78,384,000 for 1913-14. Last Straits Tin is $178 5 to $178 effective energy, it would be in-extracted: The total value of

Indos (Def.) rear Importa were valued at 10e. for cash, and $178 150, to advisable to reckon on any such imports into the Fhilippine Estados (Pref.)

Isade in the year ended June 30, Shells 47,916,000 and the exporta at £179 for three months.

the immediate expansion in

1916, was $45,073,625, om- Ferries $39,240,000. - Of the former,

fa'are. The opening of Nanchang Feneral merchandise represented

to foreign trade and the establish. Pared with $41,479,881 in 1914. #24,737,000, while the total ex-

A firm composed of Ohinement of places such as, Kanchow 15, and $56,011.570 in 1913-14 posta of rice accounted for $32, from the Province of Chebking the construction of railways,

The gain in 1915 16, as compared and Jarchow an treaty marin, with the preceding year, whe 449,000; Trade with the United

bas, rays the U.S. Consal, Mr. and of improved roads and wear States shows a slight it orbane,

practically entirely in Ameriosu Nelson Johnson, of Changibs,

Kalians xoantly opened a small factory at 7, the introduction of suitable gcode; there was little recovery

in the aggregate imports ferm Langkats |foreign agricultural machinery Chang ha for the manufacture of

Raubs Countries. The sola Tronohs ather. Every two or three days cotton milk from beans. This bean milk and of modern methods of tes, of the drought that reduced falls off 25 points or so and she has long been known to the of mines and the establishment of &c., cultivation, the development

Urais the rica orop in the Philip- next day recovers the loss and CLibere under the name of to fo with a net gain of everal points, shisng or bean-curd sauce. This Consul, to be exential for apparent in the first half of the H. K. Wharves b.

pines in 1914 were still factories, would all appear, says so that although there are fluctus rot to be confused with the the real development of the dis-ear under review, importa being Kowloon Docks b. & sa. $123 tions the advance is steady, anys) product known as chiang yu, s the N. C. Daily News, of Novem-fermented sauce made from benchi fly for Shanghai and Hanbow, varieties of seed used and to ex-

trist. Native prodaos, destined very heavy. The Government in Shai Docks ber 16. Monday's New York which is well known both so the is brought to Kinking from up tend irrigation. The most notable endeavouring to improve the

LANDS, HOTELS quotations, received yesterday by soy of the Japanese and as om of

AND BUILDINGS. Mesurs, Tata, Song and Co., were: the constituents of some of the country, via the lake porta (0%) isoresse in imports was in cofion H. K. Hotels

Centrals January, 1973 cents, March 19.91 mous sanoes of Europe. Bean Wuchang and Jrochow) and from reached the lowest level of recent H'phreya Est.

which the most important are

Cotton yarn imports and Invest. conts, May 20.07 cente. This milk is made from the small Nanchang, for trenshipment al represents a gain of 25, 31, and yellow beans, the same veristy Kiukiang into river steamers. imports of iron and steel and Shal Lands

years. There was a recovery in Kloon Lands 30 points over the quotation of from which the Chinese been The principal producte November 10, when prices declin- card and chiang ya or my brought down by janke, lighters, ed 26 points below the market of made. The process appeare and launches are ten, be, November 9,

be a very simple one. The Peuter's Liverpool quotation beans are soaked and

then dated November 13 is as follows: crushed between two stones,

Spot

11.493. The crustied mass is allowed January February... 11 281, to run # into a tub and is then May-June

... 11 58 1.

strained through cheesecicth and This is a rise of only four points dilated with water and boiled. for spot as compared with the After boiling, it is again strained,

11.28d.

Ma

***

Chinese Commercial Bank,

thus

tobacco leaf, paper, melon seeds, samum seeds, remis fibre, indi. 80, obinsware, raw cotton, cam- phor, camphor oil, and grass sloth.

as

textiles.

of

exceeded. The total value of

Wes $61,404,031

1914-15, and $51,238,043 in 1913 14 Though the importazi factors contributing to this in- crease were the large exports of

LIMITED

TIME TABLE.

WEEK DAYS

11.

b.

36/- 293 $2,75 31/-

11-21 A1, be

b.

* 1. to

JAS TIME

#1

BIG PIL SO

1.00 TON

$844

DOCKS, WHARVES, GODOWNS, &C.

XIGHT CARS

+

N

H

BO ME

Mu

MELDE DE.

1.34 0.4; and a past, one PJK; SE 11:00 Flat/avery hill kaNEN

pray quiet, bf nii hapta SUNDAYS

1. Evant sy kan.

TALE DONE OS moegg works

En

BANKS

HONGKONG & SHANGHAI

BANKING CORPORA»“

TION.

RESERVE FUNDS: Paid-up Capital....$15,000,000

Sterling

£1,300,000 at 2/-

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

$$9,000,000

Reserve Liability ̈ of e

Proprietors...$15,000,0¥ &

COURT OF DIRECTORS,

CL. Anice, L

T. L. Pattandes, Esq. —Chehman B.H. Dodwell, g-Depoty baliwan G.T. M. Baking, kaq.

Cabbayag.

How. Mr. '. E, Holyoak.

J. A. PIMENT, 240,

. Hon. Mr. J. Ebellim.

CHIE MARAGEN

Hongkong, J. Stabb, Eng,

MANAGER Shanghai. G. Brister, Eas London Beakers-London County and

W motminster, “¿äusited.

Hongkong-Intere Allowed

On Current Accounts at the rate of 3 på COąt.

annna on the daily balance

ON FIXED DEPOSIT. For I moethu, per cal per agterk, Forzach

per cent, per Kanum

For tooths, i per cent, pAT KORVIN.

NIJ: STABB.

Chief Manager.

HONGKONG SAVINGS BAN'

THE Borloss of the abcam Bank le conducted by the HCNGKONG A-N-HANGA K

ORPORATION, Rules may be obtained on application: ILTEREST on deposits is allowed to the mis In thombly balances at #31 per cent. per ap

• Depositors may transfer, at their option, balance

of $100 or more to the Hoogkong and Shangan Back to be placed on FIXED DEPOSIT 12, 4

tea.

For the Hongkong and Shanghai Banking Corpora

N. J. STABB,

Chief Manager.

THE CHARTERED BANK OJ INDIA, AUSTRALIA AND CHINA

Incorporated by Royal Charter 183.

MIGEN CLAS 'se 'on - Wagh Dogs,

SATURDAYS

Cam minight. SPECIAL CARS

By Jongemast st, the Complay's Olles.

Du Voera Road, “Eamon sad peach tickets available for all cars

cot already (uli, running at the time stated in the: Company's time tables, but not for special car. C

be obrakond on application as the Company's Olym No Bucket will be issued sutil payment EDELS- for has beenmads in Bank Kota or by Chaque Comprado order repenting Bask fotas*** JOHN D. BUMPEREYE CO.

CHINA PROVIDENT LOAN AND MORTGAGE

.CO., LTD.

Reserve Liability of Fropriate

FORMIGN LICHANDE, and Gaowal. Dancing

badness transacin. CURRENT ACCOUT opened and PIXEL DEPOSITS recebred for 1 year or shorter periods,

alex which will be quoted on appication,

• T. C. DOWNING,

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANK ÒS INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London.

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

90

LX.

11.00 AM,

Mem

$101

*

W

10 Ma

1.

$115

2006 10 68, . 5:00 Sa

M

5:00 HAL LA

6450 1,20

$101

2

so Mex

7:00 PM

*

D,

$7,00

1300

1.10 ..

* Com

ro Miz.

8.

$35

t. 91

HEAD OFFICE-LONDON, Paid-up fapitaloda, accommon., 2000 Reserve Food

$85

1,100,00 1,000,008

68,

E.

5,

t, 165

15 t. 118 t. Et

B.

$8%

$4.75

THE

D;

$9.10

E.

$26

Ea

1.

$10,90 $54

D.

$160

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

Da

$544

H

$99*

Loans on Morisey of House Property &c. Gooda nozived on Storage

Paid Up

-

$7.10

Reserve Fund

3:0

$1

D.

$81

$17,00

11.

$6,85

$8,80

$29

Laundries U. Waterboats a Watsons

Wat Powells Morning Posts 5.

CORRECTED TO NGON WEDNESDAY SOVEMBER 22, 1916,

Princes Building.

Tel. address: Broker.

EXCHANGE.

SELLING.

2/3 54

totsi was still far below the pre- war average, indicating the pree Ewos manufactures thereof, bat the West Points

COTTON MILLS. ure of war prices, the stress of Kung Viks war demande, and the restriction S'hai Cottons of imports to the bare margin of Yangtszepoos necessity. In the distribution of the ame way imports, such the import trade by countries,

- MISCELLANEOUS, kerosene oil, octton yarn, cotton American goods represented 52

Borneos goods, and refined sugar are dis-

| China Light & P.n. price on November 9, when the and the white milk ran into in order to be sent up through the 000 below the value of im Green Islands

charged from steamerna! Kiukiang

per cent, of the total valus, bul their value was Learly $5,000,- Dairy Farms

Providents corresponding figures were: bottles and told to the factory's 11:45d., 11 34d., and 11 40d., but customers.

lake for distribution in the Pro- An analysis of the it rep.esenta a rice of 22 points best-card milk shows that it has rince. The total net value of the ports from the United States H. K. Electrics on the week, the prices on Novem-specific gravity of 1020 and trade of the port of Kiukiang in in 1913-14. As compared with H.K. Ice Co.,

1913-14, imports from France Ropes ber 6 being 11.274., 1.15d., and fat content of 3.125, contrasted 1 was Ht. Tir, 39.278,120 declined by about 50 per cent, Steel Foundries b

with a specific gravity of 1:029 85,093,881), as compared with and a fat content of 3 9 for good dk. Tis. 37,523,671 (45,120,418) while imports from the United Trams, Low Level n average come milk in Americs, in 1914, and Bk. Tls. 32,351,405 Kingdom declined by about 40 Trams, Peak, old b. The following is the fourth The factory is a very small one. (£4,886,410) in 1913. Importe of per cent. Imports of coal from Trams, Peak, new b. annual report of the board of The proprietors informed me they cotton yarn declined from 301,528 Australie dwindled, and disap rechre to the shareholders did all of their work at night, in cwis. in 1914, to 265,144 owie: in posted towards the end of the submitted at the annual general order to have their milk fresh for 1915, decrease of 38,284 cwie, of year, Japan becoming the country meeting at Bingapore last week.delivery the following morning. which Indian yarn accounted for supply of this commodity. Un- The directors have plesente in They begin their work about 10 30,913 corte. The total imports of precedented activity characterised the export trade of the Philippins laying before the shareholders the d'eleck. The milk is ready and sugar, consisting of brown sugar. Islands in the year ended June balance sheet and statement of bottled by day-light, when it is white sager, refined sugar, a 30, 1918. In both volume and BENJAMIN & POTTS, Proft and Loan Acocant for the seat ant by ecolie to the various sugar candy, amounted to 182,159 valds all previous recorda «ere share and General Brokers. year ending 20th September, castomers. The room where the cwts, as against 294,850 owls, in 1916. The net profit for milk is made shows that no com- 1914. A considerable trade in done the your, after

throughout the Province in refined exports writing plicated machinery is necessary tf $10,206.51 bad debts and in the manufacture of the milk, sagar from British refineries scompared with $50,915,081 in $6,887.C6 depreciations on Bank At one end of the room were Hongkong, the direct import from premises and furniture, amoninte fund two of the small stone mille that place in 1915 amounting to to $199.105.80, which, added to in which the beans were ground. 41,552 win. The Japanese, how- $25,329 72 brought forward from Large numbers of bottles were ever, are setting up a keen com int-year, makes a total of $224,-arranged on a rack near the wall, petition and direct imports of and hemp, improved prices TT............. 2/3 6 435.62 available for distribution, lean and ready to receive the Japanese refined sugar increased and larger quantities were, with Demand 2/3 7/16 saljeat however to directors fees morning's supply of milk. At the from 3,818 cwis. in 1914 to 16,448 the exception of copra, vers 30 d/s................... 2/3 14 and bonus to stel. The directors opposite end of the room there owta. in 1915. The increase in general features in the year's 60 da recommend the following appro

4 m/.............. 2/3 11/16 wers three wooden vate built into the imports of kerosene oil from trade. The value of ex- priations: $76,000 be transfers concrete foundation, which 8,399,404 gallons in 1914 to ports of sugar in 1916 16 re- T/T Shanghai.........Nom. ed to General Revere (raising it proved to be a farmace. The pra- 8,548,825 gallons in 1915 was due rented 28 per cent. of the T/T Singapore ... 97 to $226,000); $5,000 be trane pared product is poured into to an enhanced import of Borneo Talde of all exports and was / Japan............ 106 almost double that of the previous T/T India 169 ferred to Securities Depreciation these rats and boiled, the furnace oil and Sumatra oil, thers being a

T/T San Francia-1 Reserve; $100,000 be distributed being supplied with fast from a falling-off in the import of Amer. year by almost 50 per cent. Hemp Demand, India...... 169

544 co & New York! as 10 per cent. dividend to share-hole in the outside will. On ican oil. The war greatly affected ports were also large, sud as

TIT Java

131 holders; $5,000 be voted es either side were two earthen- the imports of aniline dyes, the regarde the hemp industry it is Directors' fees for the year, and ware jars into which the boiled value of these being HK. Tlstated that the new grading law T/T Marks Nom. „the balanos, enbject to payment product is poured and from 16,702 as against Bk. Tis. 96,180 providing for standard grades and T/T Franca 3.16 1⁄2 of bonus to staff, be carried for which it is allowed to run in 1914. All the matches import Government inspection is finding Demand, Paris 3.17 ward to the next account. The throngh atop cocks into the ed are of Japanese manufacture. directors call the attention of the bottles. The manufacturers of and attempts to boom the native shareholders to the progress made this milk seem to be endeavouring article from Hanan have not met this year. The meeting passed to conduct their factory along with conspicuous success; the the dividend of 10 per cent; rehygienis lines. They invited imports in 1915amount & to 528- elected the Hon. Dr. Lim Boos inspection of their factory and 550 gross against 660,950 Keng, Mr. Gaw Ebeh Khism and expressed a desire to carry cat groos

in the previous year. Uhow Jim Hio; and voted the the suggestions made by the Speaking generally, the bulk direstorm foos $5,000.

inspecting physician. These nug-

of the export trade of the port of gestions related principally to the Kinkiang is a native trade, and, Commercial and Produce Markets. Marilisation of the bottles before consequently, except so far

Loulon, Oct. 18-The Bank allowing the milk to run into oneras commodities such as tes, te remains unchanged as 6 par them. To the eye the product liquid indigo, ramie fibre, a cent. The Open Market rate for looks exactly like anskin med dotton, sesamum seed and veget- short loans is still 5 per cent, and town' milk. It has an odour of able tallow, would not seem to be were far in diroount for four months' Bank raw beans, and is said to be not directly affected to any great bills ff per cent. The undertons unpleasant to the taste. I um extent by the war in Farope. The of the silver market continues informed that a member of the crop of Kinking tear was abore good, although prices are erratic, family of Li Hang-chang is now the average and folded Te hars being now quoted 32 5.18.mgaged in manufacturing the good prices on the whole. Owing per cs. The Rubber abare market various products of beans in Paris, to a large Japanese demand, the has remained strong and active, his factory turning ont, among exports of ramis fibre, which is and prices on the whole keep other things, this bean milk. It produced chiefly in Hapeh Pro respook, fom the hemp Bar Silver, per oz... 24.9/16 Arm.. Too Late mstions) Banking this industry proven a success, Tiros, though some is grown in Corporation announces divident, manufsoarers of milk bottles and Kiangui, increwed from 100,888 6 per ook for the half-year plant milk-bottle top should owls, in 1914 10 167,650 ct. uded 30 15% Pekín Bjadi-And a market for their wares herning to be shortage is sailing

PaBown Home Acavity at Changshs, if they could be dres and the very high prios e. week-on-reported brought in cheaply and without raling therefor, the expor

French syndiosis, too much trouble to the China liquid indigo incremed

manufacturer of milk,

14:638. owth, in 1916 1

much faveur with manufacturers,

In the case of copts the reduced volume of exports is attributed to drought: Shipments of coconut

oil increased,' and

*

BUYING.

4 mla. LIC

2/4 3/16 4 m/s. D/P..... ...... 2/4 5/16 6 m/s. LIC farther

2/4 7/16 30 dis. Sydney &) in

2/4 7/16 development in this industry

Melbourne ............ auticipated, as a large new ax-!

30 do Ban France)

35 1⁄2 acting plant is about to begin

isco New York} operations. Legislation recently 4 min. Marka

***Nom.. entcted, providing for Govern-4 m/s. France......3.28 ment inspection in both leaf & mis. Francs ......3.33 1 tobacco and cigar industries, is Demand, Germany. expected to increase the export Demand, New York. 54.36 trade in these gooda: Exports of T/T Bombay .........

· OZCOUS

Demand, Bombay... 1693

313% prem. 34%, prem. 6714 8,70 Nom

abre is still extracted by a primis Demand, Calcutta... 16934 of any previous year. This T/T Caloutts .........

sed it will be necessary to intro-On Haiphong.******* tive and laborious retting Process, Demsad, Singapore. 97 14

Demand, Manila ... 108

duce mobinery in order to On Baigon produce a higher grade fiber, and On Bangkok. extend the industry. The maguey Sovereign

desiry, it is pointed owl/Eitars Gold Leaf, per os... 52.41 industry, which still awaits the The Government in encouraging invention of spoonful machinery, tener hold embroidery industry. Emporta lor she United States in

1915-16-2mounted in Kvalues.

1,125,000

562,500

£50,000

A-deniers made on Merchandise. Los made on the Provident System. Rate and Particulars on application)

The Other of

TRUSTEE EXECUTOR OF WILLS, ATTORNEY, &c., Vadertaken and Ensalad.

SHEWAN, TOMES & Co.. General Managers,

BANKERE:

The Bank of Englace,

The Loaden Toint Stock Bank, Limited.

BRANCHES

Delhi

MITSUBISHI COSHI KWAISHA.

(MITSUBISHI 00.3

COAL DEPARTMENT,

SOLE PROPRIETORS OF TAKASINÄ, OCHI, MUTASE, KISH- IDARE, YOSHIKOTARI, HOJO, NAMA. ZUTA, SAYO: KANADA. SHINNEW, KAMIYAMADA, MIBAT and OTURAK

Collieries. Agent for SAKITD GOAL.

HEAD OFFICE MARUNOUCHI, TOKYO,

Boulay Calcutia

·Colombo

الأمة

Hongkong

Houst

Konduir (Mauricine.)

Karachi

Kota Bhar Kuala Lump

Madras

Petang

Rangoon

thangbal

Singapore

FONGKONG BRANCH, Every description of Banking and Enchante business transAZİNCİ,

interest allowed as Current Acordo is at P PET CR per annum on Daily Balances, and on Fixed Deposit atening which may be ascertained on application.

C. CHAMPKIN.

Acting Manager.

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE: 55, Wall St., New York,

LONDON OFFICE;

Bishopsgate, E

CAPITAL PAID UP RESERVE FUNDS...

......$3,250,000, $3,931,000

- U.S. GOLD ***** ... 7.181,000

-BRANCHES :-

HONGKONG PEKING. KOER LONDON

BRANOR OFFICES :-NAGASAKI MOJI KABATSU, WAKAMATSU, OTARU, MURORAY, HAKODATE KOBE, OSAKA, KURE, TOKYO, YOKO BOMBAY HAMA, NAGOYA, TSURUGA, VLADI. ¦ CALCUTTA VOSTOCK, HANKOW.PEKING, LON, CANTON

CEBU. DON, NEW YORK, SHANGHAI TONGTONG. KAIPHONG and

HANKOW CANTON

Cable Address :—"IWASAKI,” Codon: AI, 4.B.C. 5th Ed.; West- ern Union, and Bentley's.

AGENCIES:-

CHINKIANG-Messrs. GEAR-

MANILA

SAN FRANCISCO SHANGHAI SINGAPORY

MEDELLIN TIEETZIN

PANAMA YOKOHAMA

Through its close affiliation with The Madon City Bank of New York, the Bancis abiv to sềur the Services of the Branches of that invitation la Cat und South America, Hamely ;="

BAHIA, BUENOS AIRES, HAVANA MONTEVIDEO, RIO DE ANEIRO BANTIAGO DE CUBA, SANTON,

SAO PAUL, VALPARAISO,

All kinds of FOREIGN & LOCAL BANKING

ING & Co., MANILA-MesSIS, BUSINTAS Insaccad.

CURRENT ACCOUNTS opened and FIXED MACONDRAY & Co., SINGA- DEPOSITS ved at rakes za be mecarialaed es PORE - Messrs. BORNEO Co., "pplication, LTD, GLASGOW—Messrs. A. B.

H. S. MARSHALL,

| BROWN, MCFARLANE & Co., LTD | Hongkong, 26th September, 1916,

For Particulars, apply to—-

. K. KATO,

Manager, Hongkong No. 2, Pedder Street,

MARTIN'S

APOLIZZ

Chine

SUBSIDIARY COINS.

DISCOUNT PER $100:

20 cta piecus21% dis

$4% día.

THE Cannot for Br

THE

VOKOHAMA SPECIE BANE, LIMITED. Established 1880, Authorised Capital Yen 48,000,000 Paid-up Capital.... 30,000,000 Reserve Fund

20.80000

Head Office.-YOKOHAMA