1917-06-16 — Page 10

THE HONGKONG TELEGRAPH, SATURDAY, JUNE 16, 1917.)

SHARE REPORT.

COMPARATIVE SHARE QUOTATIONS.

A-SŹLLERE; SA-SÄLES; B-BUTERS . M.-NOMINAL.

To-day's

Closing

Prices

STOCK.

Kumbar Par Paid

of Shares-

1915,

Highest

1915.

Lowest

Value Up

1916/7, 1916/7.

Highest Lowest to Date to Date

Lan Dividend

and Date

$700

Banks.

H.K. & Shai Banking Corp. 190,000 $125 all

$146 $32714

Fire Insurances, China Fire Ins. Co., Ld. ...... 'kong Fire Ins. Co., Ld.....

33,-

$2.45

Steam Naviga-Deferred tion Co., Ld.... Preferred!

Refineries.

ing Co., Ld........

Kailan Mining Admin’tion. 1,000,000 £1 all Reub Australian Gold Min-

16:9 Tronoh Mines Ltd.

34'- Ural Caspian

DecksWEarves,Godowns,&c.

176 8'kong & K.W. & G. Co., Ld. $120

H.K. & W. D. Co. L.d....... 10hai Dock & Eng. Co.,Ld..... 1.73

S'bai & H'kew W. Co., Ld.

Iards, Hotels and Buildings. $100 Borg Hotel Co., Ld.........

193 H'kong Land Investment Co: $6:30 H'threys Estate & F. Co. Ld. E'loon Land & B'ing Co., Ld.:

t. 80 Shanghai Lande..

200

REFINERIES-Obiam Sagain have declined to $101, sales hay- ing teen mads at $100 and $101 The market closes nominal |at| $101., Malabona have been sold at $30, and more, shares could probably be placed at this

rate.

3

OILS & MINING.-Rsubs are nominal at $2.45.and Trosobs at 26/9. Ural Caspians are quoted in London at 35. Langkate bave been done at Tie. 15), whilst Kailans have improved to a buy ing quotation of 32/-.

DOCKS & WHARVES.- Hongkong and Whimpos Docka (Int. Div. of £2.3/- at ex 2/13- | have declined to $120 after sales $20.54 Fin & Bonus, £2.13/- at this and $121. Kowloon at ex 2/43-$2.12 making Wharves have again been doce st $4.66 for 1916. Paid 26/2/17. $76. Shanghai Docks after sales Final of $7 making $25. a/c 1915, and interin of $18 al 1916. Final Div. of 15% making 271%

for year ending 30/6/16 (Final of $20 and bonus of $10 making $60.00 for 1915. Int. of $30 for 1916 Paid. 26/4/17, Final of $15 for 1915, and In- 1 terim $3 for 1916. Paid 14/4/17.

1467 bonus 1916. Paid 26/1/17. 325 827 for 1915. Paid 29/3/17

Int. Div. of $5.00. Paid 4/4/17

176 $125 for yearending 31 12:16 Paid 13/2/17 Final of 3/-on Pef: and 40/- on Def: Shares at Ex. 2/41 Paid 10/5/17. making 6% on Pref: & 30% for Defrd: a/c 1916. Interim of 2 for 1916 (Coupon

27).

2-

for

Tis. 90 are wanted at Tiu. 901, INGS-Sains are reported of LANDS, HOTELS & BUILD

Humphreys Estates st $6.22, $6.20 and $535. Hoogkong Hotels are on offer st $100. There are buyers of Hongkong Landrat $93 and West Pointe at $75. Central Estates at $99 and Kɔw. loon Lands st 833 are nominal.

COTTON MILLS.-Ewca have had a share rise business having been done at Ts, 155 and Th 157) Kangyike aro wanted at Tie. 14, and Shanghai Coitons have been sold at Tis. 123 casb and Tle. 126 August. Yangleze- pooe are quoted Tla. 5.75 bayers. MISCELLANEOUS. - Green Island Cementa keep steady st about $7.75, business having been done at this rate, Chins ($1.80 Div. and 30 cents bonus Providenta after sales at $7.80, rear ending 30.4.17 | $7.85 and $7.00 have basera at Paid 30/5/17.

the close at $7 70. Dairy Farme could be placed at $23, and Bongkang Tramways are wanted at $8.40 after anles at this and $6 50. Electrica have sgain been placed at $49. China Lights have buyers st $4.50 after säles |at this rate, and China Borneos. could be placed at $7, Ropes have been done at $27) Pest Tramways are nominal at $910, as areIces at $151, Union Water. boats at $13 and Steel Foundries at $10. Powells have sellera at 6.60. Watecne have buyers at $0. salesbeing reported at $6.10. FORWARD SETTLEMENT DAYS.-28th Jane (Thursday). 27th July (Friday), 29th August

(Thornday). (Wedneedy), and 27th September

floterim Div. of 1 year end.

-33/6/17.

15/5/17.

(Coupon 9).

1/3 for 1909

Paid

1- interim making 4- for ale

1916 paid 21/12/16 Final of4/-m'ing 5-for a/c year ending 12/11/15 paid July 1916 (Div. of $4 & Bonus $2 for 1915, 1 Paid 22/2/17.

Final Div. $214, Bonne $6.00 making !$1 for year 31/12/16 Paid 37/3/17 TIs. 7 for year ending 30.4, 16. Tis. 5 for 1916. Paid 12/317.

*

845 Sept. 785 May

220

680

$548)

£150

Marine Insurances. Canton Ins. Office, Ld....... North China Ins. Co., Ld....

£5

- n. ex 73 $200

2. & sa. 1860. Union Ins. S'ty of C'ton, Lå

Yangteze Ins. Assoc. Ld....

10,000 $250 50 427) Sept. 10,000 £15 180 April 145

15,438 #250 100 972 Aug. 760 Jan.

340

Jan.

426

Jan. 180

3423

150

$1005

1855

12,000 $100 -60

280

Dec. 200 Jan. 300

20,000 $100 20 8,000 $250 60

420

163 Aug. 127) April Sept. 385 Jan.

168 420

Shipping.

b. & 68. 186

Douglas Steamship Co., Ld Lä

20,000 $50

all

104) Dec. 28 Mar.

sa.

$17.50

Hkong, C. & M.8.S. Co., Ld.

80,000 $15

all

Indo-Chita (Combined.

231 May

172

Dec.

137

24

80.

$108 $40

60,000 60,000

}

all 117

Dec. Dec.

612 Jan. 190

Dec. 142

68 -Oct.

Aug.

53

171 105 40

23.

115/-

Shell Tport & T'ing Co.. Ld. 3,797,610 £1

all 94/6 June

Jan.

115/-

86,6-

$29)

Star Ferry Company, Ld.... 40,000 $10

all 39 Oct. | 23"

July

41

28

$101

China S. Refining Co., Ld....

$30

Malabon S. Refining Co., Ld.

20,000 $100 all 134) Sept 14,000 P.87 all

80

Jan. 146

41

100

$12 for 1916. Paid 31/3/17.

914

$5 for 19 5. Paid 15/2/17.

Mining.

35/- April 30/- Dec. 36/9

26-

#.

200,000 £1 all 4 40 Mar. 2.40 Jan. 3.35 160,000 £1 all 25 Dec. 326 Mar.

42/6

796,666 £1 all 43 April 25- Jan. 38/9

1.70

97-

༴ བ ཾ

€0,000 $50 all 82 60,000 $50 all 90 55,700 100 all 36.000 1.100 all

· Oct.

65 April 50 Oct. 56- Mar 135 6316 Sept. 49 July 92 100 Dec. 20

April 93

71

78)

59

734

E.

$33

20,000 $50 Ell 124 Feb. 50,000 $100 all 150,000 $10 : all 6,000 $50 to

108 Dec. 118

134 Jap.

+34 44

103 rec.

Jar.

6 .July

Jan..40

Sept.

100

10514 91 7.10

6.20 38

33

J

b.

78,000 1,50 }]

57 Mar.

307

Dec.

107

80

b.

$75 West Point Building Co., Ld.

19,500 $50 all

6814 Mar

Dec.

90

69

141

$99

10,000 $100 all

103 Dec-

99 Jan.

103

93

►

sa. t. $1574

Jan. 167

130

..

68. t. 1434

July

Feb.

161

11

D. t. 70

9014 Sept. 12

Jan.

81

63

b. & sa. t. 123

CO May.

27

Jan. 125

81

b..

t. 5.75

Yangiazepouɛ

Dec 61

434

ending Dec. 1915

PF

$7

$4.50

b.

$7.70

$7.70

→ $151

$27

60,000 $12 50,000 $5 50,000 $1 all 195,000 $10 ali €0,000 7 6 400,000 $7,69 all

60,000 $10, 6,300 $25

60,000 $10

al} 11

May 10.35

7.00

60 cents for 1916.

4-30

6% for year ending 28.2.05

mw

71 35

JBD. 10.15 Oct. 10.10 ..Jan.

Dec. 11.20 Oct. 5.20 Jan

.7.70

70 cts. for 1916. Paid 23/2/17.

-41

12.30

23

all

all

all 34 Dec

45 Oct 3614 Feb.

£5

3.60 43

190 Dec. 183 Oct.

190

151

25

Jan.

41 "

2

85,

$6.50

t,16

Hongkong Tramway Co., Ld. $25,000 5/-

Langkats

all

6

Oct. 5

Apr.

7.50

514

· 230,000 G. $10 all

$9.10

cts. £0

Peak Tramway Co., Ld. (Old)

*Do

(New)

$3.40

Steam Laundry Co., Ld......

$13

Union Water-boat Co., Ld. $6 Watson and Co., Ld..........................

16,50

William Powell, Limited...

$28

13. C. Morning Post $10 B'Kong Steel Foundry Co. Ld

431 May 35 Mar. 25,000 $10 all 1014 Mar. 9.30 June 50,000 $10 $1. 1.00 Mar. 80 cts. Aug. 1.00. 20,000 $5 all 4.25 Jan. 3 June 3.80 27,723 $7 all 18 Jau, 16 Dec. 17 90,000 $10 all 7.10 Mar. 6.50 Oct. 7.70

23,000 $7 · all

6.90 Avg. 6

6,000 $25 all 28 7,808 $10 all

401

16.

10.25

9.10 60 ct.

3.40

13

6

Dec:

512

70 cts. for 1916 Paid 29/5/17 (50 ct. on old shares and 25 cta. on new shares for year ending $0.6,14

1.00 acto 1.30.X

7.00 LX

FLORAC 10

Noon to 100

6.OG ..

13.30 AM 11.00 AM

#

12,00 Koon

•

10 Max

15 Ma

30 MIX

+

28

8.00PX.

HI MIK

#

BENJAMIN & POTTS,

Share

and General Brokers

CORRECTED TO NOON, JUNE 15, 1917.

ཙྭ ིི➢ ུ་ལྷ。 a

$23

b. & sa. 149

H'kong Central Estates....... Cotton Mills,

| Ewo Cotton S. & W. Co., Ld.;

8 ung Yik

Lacu Kung Mow........

Shanghai Cotto08.......

LO.

Miscellaneous.

China Forneo Company, Ld. China Iigbt, Power Co.Ld.)

(Spec: shares) ...... China Provt, L. & M. Co. Ld. Fairy Farm Company, La. Green Island Cement Co.Ld. Hongkong Electric Co....Ld. Hongkong Ice Co., Ld. ..............

Hongkong Rope Mfg. Co., Ld.

180 July 16

20,000 1,50 - all 75,000 1.10 all 8,000 t.100 all 40,000 t.50 all

175.000 1.5 all €3 Oct. 634

Apr

all 3.65 Mar. 4.95 Oct 4.90

He

113 for 34 vear ending 31.12.16

Paid. 17/2/17,

Final Div. of $314 makin: $7 for year

ending 31/12/16. Paid 29/1/17.

50 cents for 1916. Paid 12/2/17. $2 for 1916, Paid 10/2/17.

Firal. Div. of 6% making 12%

for 1916. Paid 15,3/17.

i

EXCHANGE.-The Bank's 3 d/, buying rate on Sbangbai 10- day is 66). The T. T. rate on Ladog is 2/58, and on Singapore

·1011·

Final Div. of $3.25 making $1.95 for

SHANGHAI RUBBER DIVID. year ending 31/12/16. Paid 29/1/17,ENDS.-The Padang Rubber $7.00 for year ending 31/12/16Pid29/1/17 Co., Ltd., bas declared a final

dividend of Tl. 1.50, making

TIs. 9.00 for year ending 30.11.16 Tie, 2.30 for year 1916

Tls. 1.50 for year ending 30.11.15

Tis. 12 for 1913. Paid. 13.2 14.

LANGKAT 'OUTPUT.-The

Dividend of Tis. 6 for year Langkat Outpat for May is 2,534 ending 30.6.16 paid 29/9/16 tone, as compared with 2,484 [7% sjc Pref. for 14 Months tons for April.

$3 for year ending 31/7/16 paid 31/10/16. 80 cts. for 1916. 27/3/17.

$3 for year 24/2/17. Paid 9/5/17.

Fin. Div. $3 making $11 for

year 1916 29/3/17.

[Final Div. $1. Bonus $1. mak {ing $3 for 1915; Paid 10/3/27.) Int. Div. 7% at 2/116.7 Fin.)

*23% *2/434-48. making 64.7 cts. for 1916. Paid 25/4/17. Tls. 1, for 1916. Paid. 28/4/17.

(70 cts. on fully paid shares and 7 cts. on $I paid shares for year ending 30.4.17 Paid 26'5/17 25 cts. for year ending 315'16

($1.25, per share for year end, 1ing 31,12,16. Paid 3/2/17.

28. $2 for 1916 Nil

29

10

94

Prince's Building, HONGKONG. Tel address, Broker,

TELEPHONE NO, 1152.

ANY SUBSEQUENT ALTERATIONS WILL BE FOUND IN “UP 70 THE MINUTË SHARË MARKET NEWS ** THE TELEGRAPE COES NOT HOLD ITSELF RESPONSIBLE FOR ANY OF THE ABOYZ QUOTATIONS.

SHARE REPORT.

Mesers, Benjamin and Potts, in their share report dated Friday, the 15th of Jane, 1917, state:-

Our last report was dated 8th June, and in the interval cur market has not undergone any change, and the volume of basiness sported is small. The high exchange has brought out more investment stooks, but likely buyers are holding cf, anticipating more favourable rates by waiting. Speculative stooks remain much about the same.

In the North there bas been a reaction in the Cotton market, and all shares have shown an advance over last week's quotations. The ghinees of money there and the unfortunate political zituation in China militate against any sharp, zise which would mudenbtedly have Han place if circumstances had been more favourable. Langkate hava declined during the week to Tie. 151.

Singapore rubber shares remain unchanged, with very litle" business doing.. BANKS Hongkong and Bhanghai Bloks have changed hands at $700.

MARINE & FIRE INSURANCES.-Cantons have been plaosd at $342), Unions are on offer at $880, after sales at this and China res have buyers at $143. Hongkong Fires at 8327+, North Chinas at Tis. 150 and Yangtages at $200, exch: 73, are all nominal,

2BIPPING-Douglases have been sold at £841. #85 and $88, and close with buyers offering $88. Däferred Indos are unchanged 108 Shell Transporte have been done 107, 108 and 115/- The Landon rate has jumped up enddenly to 122/6, owing no doubt The announcement of a new issue of 1,000,000 shares at par, viz £l, to be distributed to shareholders in the ratio of one new share to 4 old hara. A final dividend of 25 per cent, has been declared, making 35 per cent. for the year. Star Ferries are nominal át $29), and thera

been sales of Steamboats at $17L

NOTICES.

<.

NOTICE.

PEAK TRAMWAY.CO.

LIMITED.

TIME TABLE

1.00 4.3. DO 8.03 4. to 30.00 4.3. 10

1.

11. 10 1.46 8.3. 10

Bid

6.00 L 1000 11,00 AM. 12451

1.16..

145 ESC

215 1934

to

SUN 9.3.

6.00 L

· 8.00 9.3. 10

60

NIGHT CARS

EVERY 15 M 13. 10 MIN. 18 Mix.

15x

10:

10 MLS,

15 MIN.

15 MIN.

10 M:x.

and 9 r.az .930 10.

11.00 PM. @vary half hour. 11.00 PM 10 15 PM every quarter of an hour.

BUNDAYS: "

DEDA BY

EVERT 15 MIN.

20 M

15 Kes

* MEGET CARB as on Week Daya

SATURDAYS:

Extra Gar at Midnight.

SPECIAL CARE

By Arrangement at the Company's Office. Aleianden Boldings,

De You Rond **Batson and panets tickets avaliable for all MEN 1908 alreddy tall, xwxdog at the time stated i. Visa Company's tiasa table, but not for spadat vers, can be obtainol (on- application sỗ, the Company's Offer:-3o Basson ticket will be 3'unal params theruleg hau ban vanda

in Bank Motes or by Chagas de Compendors

JOHN D. HUMPHREYS &00

MARTIN'S

ARIOLESTE

MARTIN'STAN

T/T Demand 30 dis.

EXCHANGE

Hongkong, Friday 15th June, 191,

SELLING.

2/336 2/5/7/15 2/5 9/16

60 dia.................... 2/5 11/16

4m/5... ***********

2/3 T/T Shanghai......... Nom. TT Singapore

10416

TT Japan....... 11894 T/T India

Demand, India

Nom. ... Nom

T/T San Francis-) 584

co & New York/ TH Java........... 14.34. TT Marks...............------

Nom. T/T Francs

4 m/s: L/C...

4 m/s D/P

4 m/s. Marks

***** Nom.

4 min. Franca...... 3.4514 6 m/s. Francs tit. 35015 Demand, Germany.

Demand New York. 3896: T/F Bombay

Demand, Bombay ...

T/T Calcutta

Nom

Demand, Calcutta... Nom... Demand, Manila... 11616 Demand, Singapore. 10456 On Haiphong * 1947 praR, On Saigon ........... 344% prem.

On Bangkok...... 678

Sovereign

8.6 Nom

Gold Leaf, per üz... 47.40 Bar Silver, per 02. 39 7716

SUBSIDIARY COINS.

9.937€

Demand, Paris'...

3%

BUYING.

2/04

2/634

6 m/s: L/C 30 da. Sydney &

Melbourne 30 d/a. San Franc-1

isco & New York

2/612

21614

5916

DISCOUNT PER $100: Chinese...20 cts. pieces 4.1 Zdis Chinese...10

4.34 Zdia. Hongkong 20 cta, pieces...”... par. Hongkong 10

BANKS.

INTERNATIONAL BANKING

CORPORATION,

HEAD OFFICE:

35. Wall St., New York LONDON OFFICE:

35 Bishopsgate, F. CAPITAL & SURPLUS US $6,500,000 UNDIVIDED PROFITS US $1,010,000

BRANCHES BONRAY KOBE CALCUTTA, LONDON CANTON

U.S. $7,510,000

'BANTO DOMINGO

SHANGHAI, MANILA SINGAPORE MEDELLIN TIENTSIN PANAMA YOKOHAMA BANKOW PEKING.

CERU. COLOX

HONGKONG SAN FRANCISCO

Taroak in close affiliation with The National. City Bank of New York, the Bank is able to offer the Services of the Branches of that Institution in Cube South America, and elsewhere, )

· KATANA MONTEVIDEO. RIO DE JANEIRO 1 SAC SANTIAGO DE CUBA. SANTOS, PAULO, PETROGRAD TALPARAISO,

BABIA RESOS AIRES. HOW

All kinds of.FOREIGN & LOCAL BANKING BUSINESS transacted

CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be ascertained application

GEORGE HOGG, *Manage Hongkong, 26th September, 1916,

BANK OF CANTON, LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking "business Fransacted.

INTEREST ON FIXED

DEPOSITS:

For 3 Months 3% per annum.

For 6 Months 4% për antum.

For 12 Months 4}% per annum LOOK POON SHAN;

Chief Manager,

BANQUE INDUSTRIELLE

DE (HINE.

|Capital (14 Paid. up) ...Francs 45,000,000

President

André Berthalot. General Manager Avd. Pernotie.

་་་་་་

HEAD OFFICE:

74 Rue Beint Lazăre, PARIS BRANCHES in PEKING, SHANGHAI, TIENTSIN and HONGKONG.

BANKEFS.

In FRANCE: Société Générale pour favoriser le Développement du Com. merce et de l'Industrie en France. In LONDON: London County & West-

minster Bank, Ltd. In ITALY: Banca Commerciale Italiana.

Telegraphic Address: CEIBANKIND.

Interest flowed (p. Current Acocunts and Fixed Deposita, Termers application, Every description of Barking, and exchangeį bosiness tranzacted. .-<

M. ROUET-DE JOURNEL,

Manager. HONGKONG BRANCH: 5. Queen's Building.

Tel. No. 2352 Hongkong, 14th May, 1917′′

THE CHINA PROVIDENT LOAN AND MORTGAGE. CO., LTD. (Capital Paid up......$1 250,000.)

Zoise on Mortgage of Honás Propecky, co GARA TROKKE na Banga. “Adieusner zoude on Marsfandíos, Kompania In the Providert Rystum.

ASTORMEK, Au Dadarmbent and Treated.

"

BANKS

HONGKONG & SHANGHAJ BANKING CORPORA,

TION, Paid-up Capital. $15,000.00 RESERVE FUNDS:

Sterling

£1,500,000 at 2/

****$15,000,000 Silver....$18,300,000

$39 5 10,00 $

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

Hon. H. 1. B; Dodwell-Chairmae,"le J. A. Pammer, Z Depoty Chačem Ye Hon Mr.C.Z. Anton, G.L. X, Zibits, Br C. Gabbay. Lagn. Hop. r. 2. B, Bo you E. V. D. Parr, Esq. W. In Fattenen. Le A. E. Compton, Ex

Reserve Liability of

Proprietors

པ་

CHERS MANADIS Bongsong--N. 2. Seaba,

.KATAGER Shanghai, G. Biophen, Esq. London Banker-Landon Cay and

Westminster, inmited

Hongkong-laterasi Allowed i Ou Curress Accounts at the rate of 7 DE annam on the daily balance

ON FIXED DEPOSITS. For 3 months, 2 per cell per ansom, For mouths, 3 per cent per santan. For month, per sect per an

N. J. STABB,

Chief Manazozi

HONGKONG SAVINGS BANK

THE Pasiness of the abort Eank candactal 29 the HONGLONG AND SHANGHAI BANKING

CORPORATION....

• Rules may be obtained or application; INTEREST og deposits s'allowed on the fat monthly balances at 831 per cook par ac Depositors may transfer, at their option,

of $100 or more to the Hooghang and Shanghai Back to be placed oz FÜ DEPORT 14 cent, per annum.

For the Hongbong and Shangbai Bankhy-Cospori tico.

NJ STABB,

Chief Managen

THE CHARTERED BANK-07 INDIA, AUSTRALIA AND CHINA

incorporated by Royal Charter 1513

PED GO;—LONDON,,""

PAIE-UP Carmen Get or off then yo

RESERVE

RESERVE LIABILITY OF

VROPRIETORS

FOREIGN EXCHANGE and General Baskinű.

business transactal CURRENT ACCOUNTS opened sod, 72143 DEPOSITS received for 1 year or specter perioda, 20 water 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,prg. Subscribed

Paid Up

Reserve Fund

BANKERE The Back of Eart BRANCHES

Tha Lendon loin. Stock Bank,

Combay Calcati Colombo

Delhi Galle

Hongkong

Howrah

Kandy'

Port Louis (Mauricies.)

Xarach

1125,000

$62,500

607 000

Kols Bbare

Kunis Lampa

Madras

Penang

Rangoon

bangbal

Lingapor

BONGKONG BRANCH, Every description of Banking and Labargo business transerad.

Interest allowed on Current AccounILE SE S Jar CARE per acnem po Daily Balances, and on Find Dubr at rates which suay be ascertained on application.

C. CHAMPKIN,

Acting Manager,

THE

VOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

Authorised Capital Yen 48,400,000

Paid-up Capital.

Reserva Fundisse

30,000,100

21,300,000

Head Office.-YOKOHAMA.

Brancherazad Antong-Hidan Bombay Calcutta Changhon

Agencies

Xowthwane

Peking Byote (Fort

Dedra

Harfilm Bankow

Arthay

Han Frandse

SHEWAN, TOMES & CO,

General Managers

Tobe

Lu-Tang

THE ALEXANDRA CATE

Cannot be Beaten. if Equalled for Bread, Cakes, Confectionery.

meals with Wines & Liquer, Hongkong, 12th March, 19

Page 10Page 11