1924-07-18 — Page 4

Hongkong Telegraph 港電新報 士蔑新聞 All

THE HONGKONG TELEGRAPH,

FRIDAY, JULY

18, 1924

BANKS.

Subscribed and Pald up..............£2,394,160

HEAD OFFICE":

WEST LONDON BRANOH;

| 14–16, Cockspur Bizee), London B. W. 5,

SHARE QUOTATIONS.

THE

Stock Exchange.

Sharebrokers' Association.

P. #O. BANKING CORPORATION, LTD.

(incorporated is England 1920.j

Banks.

1.K. & 8. Bank

b. 1160 sa. 1160/5

1100-

With which is affilated THR ALLAHILBAD DARK-LTD.-

"INDIA:

(Loudon)

b.

£131

Chartered Bank

b.

£1934

£1934

Authorized Capital .....

£5,000,000

Marcantile Banks A & B b.

£2914

b.

£291⁄4

Marcantile Banks O

b.

£1

Reserve Food

€135,000

P. & O. Bank

11.

£122

b.

£124

Bank of E. Asia

b.

95

b.

964

189, Londonhall Street, London 1. U

Marine Insuranco,

Canton

675

n.

630

China Underwriters

North China

H

1).

eta, 90.

ctя. 90

$110

140

Union

b. 225 na. 225/6

n,

225

Yangtuzo

b.

2814

b.

2814

Fire Insurances.

China Firen

t

150-

150

H.K. Firon

b.

575

b.

575

Shipping,

Douglason

57.

6.

57

HI K. Steamboats

B.

3714

3614

H.K. Tuga.

Π

ران

EL.

334

Indos (Prof.)

b.

38

Indos Del. Lonfitüg.

110.

38

Indon Dof. H.K. Reg.

b.

110

b.

[10

Sheils

13,

827-

n.

821-

Forries

B

Water-boatR

B

97 IGLA

b. 95

E.

97

THE BANK OF BAST

LIMITED.

ASIA

n.

*

China Sugaro

Malabon

Bonguat Conaldi Kailan

H.K. Lande

*f}

"บ

Refineries

Mining

270

-40-

P. 3 15

ران دا

EASTERN BRANCHES: Bombay, Calcutta, Karachi, Madras, Colombo, Blagapore, Hongkong and Shanghai.

-The Corporation_undertake Gooaral; Daching and Exchange Business of avary description and in addition to its Branches has Arancion in all the princi- palliles of the world,

Q. CHAMPKIN,

Manager,

13 Dua Vosuz Road, Central, Hongkong

BEAD OFron

Mn, 18, Fœur Road Central, Mongkong ESTABLISHED 1910.

10.000.000.29. 1,000,000.co

Reserve Fund - -780,050.00

London Bankara (~7he Midland Bank, 1.4. Bvery devasiption of flanking and oveḥango teles rabenoted. Loans granted

appened suurlijna.

*Interess, allowed.

DI

Corres Darponit Ansonia at the rate at Two per otak. per acum, Aseing Aneoyale Paur per eosi Dr RAUM. and Fix Deposită ai she following_rajes |***

:

NEDERLANDSCH INDISCHE HANDELS BANK

(Notherlanda India Commercial Bank) Established 1863

Paid-up Capital und Reserve Fund Gida. 75,000,000.~£6.250.009-j- HEAD OFFICE: AMSTERDAM EASTERN HEAD OFFICE: BATAVIA.

BRANCHES :

Amoy, Amponan, Bandoong, Bombay, Calcutta, Chori bon, Gorontalo, Hongkong, Kobo, Makassar, Medan, Monado, Palembang, Pokalongan, Probolinggo, Bomar ang, Shanghat, Singapore, Soorabaya, Swatow, Tegal, The Hague, Tjilatjap, Woltevreden.

CORRESPONDENTS! LONDON Midland Bank, Ltd. Farmors Loan & Trust Co. and in all the princingl towns of the world.

NEW YORK:-

EVERY DESCRIPTION OF BANKING AND EXCHANGE BUSINESS TRANSACTED, CURRENT ACCOUNTS, DEPOSITS, etc.

J. M. E. NIKKELS.

Manngor.

HONGKONG AND SHANGHAI | INTERNATIONAL BANKING CORPORATION

BANKING CORPORATION,

HEAD OFFICE HONGKONG.

Authorised Capital 850,000,000 Isaund & fully paid up$20,000,000 Roservo-Kunda

Starling

Sliver

Rosorvo Liability of

Propriotors

--{(Owned by iba.Rational Olty Bank of How York)

#aplial & Bozplus C.m, @ 10,104,500 HEAD OFFICE,

55. Wall Breet" New Tath

LONDON OFFICE Blebop gai,

BRANDOJE

**

+

PANAMA

PORNTO PLATO BANDDON

HIN PRINCENDO, OIL.

MAN PROMO da MADURAS HANGER

£4,500,000 .$25,500,000

DEMANDRA

CRUELON

Mila

,$20,000,000

GALGETTI

IN FRAMOLIDD de 100MZA

OOLON

DAIRER

44MT4UD de 104 EKOR

LED

PARIO DOMINGO

-JARDIM

ONGAT OP, DIRECTOR

W... Taltsudes,

. F, White, F.,ply Chairman

A Tiaminer:Bedr

For mobile at the rate of 3% par 4800m ; 1.1, F, Beith, Tag.

hangisi tie rate of 4% per annu 4.1. Compton, Rag.. J. 1. Warren, Erg

For

For 1 mintha at the rate of 5% for sumum ; How, Mr. P. 11 Holybr.

A. Liar. İş.. KAN TONG PO.

4» Manage.

Dolenz, February 16th, 1924

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

INETHERLANDS TRADING SOCIETY). BANK.

Established 1824. Boag ng Urmoth ratalla 390

8. Wation, Kagu

.M. Young. 1

Chiet Manag A. G. BTKPI, Master: Hongkong A. H. Barlow, Raj Manager: Shaoghal. H. TI, IN,

LONDON BANKE09; WETMINHEEE BANK, LIMITED. Current Anorunte opened in Lost Everenos and Mixed Deposits posited for one year of storier pericls in Lost Currsany and Sterling cutarmi shlab wit be gunted on appliostlab.

Hongkong, 7th. May, 1924.

HONGKONO

SAVINGS BANK. Auntled Capital Quilders...260,000,000,00

ཅམ — (£12,500,000.00) Caid-up Caplin) Onilem,000,000.00

The Nomine nt the above tank is snadnojnů (£6.600,670.00) by the HONGKONG AND SHANGHAT BANKING Weserve Fund Gulideer 20,763,380.00

CORPORATION. *1 1,647,130.003 prolat Reserven Gullönen 2,660,010,00

(1,060,350,00)

HEAD OFFICE:- AMSTERDAM. Hapter Sead Ofice- BATAVIA

272

-46-

·Authorised-Capital

Paid-up Caplis

R,

b.

68/-

1.

09/-

Langkate Combined

10

1834

31.

Raul

5

H.

n.

4.80

Tronohn

b..

49/-

421-

Ural Caspiana”

-10%~

Docks Wharves, Godowns &c.

.K. Wharves

1.

19754

D

197

K. Docks

b.

150

b.

1308%

Hongkow Wharvok

b.

196

Now Engineerings

b.

Gle

14. 634

Shanghai Dock:

Fil

100

b. 99, 88, 100

Lands, Hotels & Buildings.

H.K. Hotein (cum ria.) bx.

1716

ს.

织 1714

Do. (New) Prem.

b.

17

n.

17

I.K. Dovelopments"

1.

1.20

b.

1.10

b. 114 ma, 11499/11334 b.

11314

ILK. Realty

H.

2

Π.

H.K. Territories

11.

2

!!.

2

Humphroys Estate

24

5.

M.

Princos Bldg.

150

n.

150

Cotton Mills.

Ewo Cottons

b.

11

13.

Orientals

b.

316

b.

11

32

Shanghai Cottons Old

1.

56

3.

56

Shanghai Coltons Now

.

31

31

Miscellaneous.

Canton Icos

844

84

Dandoer

Comenta

(cum rtn.)

b. 2154 2234

214

Do. (New) Prom

b. 634 8. sa. 6.35

Calantis

b.

GL9

Cheriban

China Light

Old' b. 1594 sa. 16.

h. 16

04. 101

jokjakarta

'Do.

New b.

92

h.

10

.

China Providents

Old b.

b. BB

1534

The agus

Now h. G th 546

HIL.

514

Constructions

11.

Dairy Farmg

624 27

2.

614

2656

Dor A Wing (f.p.) (pp.

17.

II.

10

11.

214

Electrios H.K.

Old 1. 37 ị nữ. 3713)

37

Goetries Macao____

Hongkong Ropes Old 11.

21.

H.K. Ropes (Now) Prem. .

7

Hongkong Tramways

K.

433

"

Lane Crawfords

b.

Int

b.

432.j 1712

Mackintosh

73.

Ponk Trams

Old

b.

1823

b.

Now

41

1.

1894 44

13.60

1.

55,

334

11.

28

1.

2816

Paid Up Capital....................

Wm. Powells

15

Nanyang Tob.

16

Comenta Combined

12.

Chinn Buses

11.

$100

Hongkong, July 18, 1923,

Do.

Peak Trame

Sinceron

Taxin Watsons

WE BUY

small tots of

Chnia Light

Powella

Waterbonda Steamboats Tasis Hongkong Banke Union

Providents new)

Provident old

Pask Tram

Slor Furries

SMALL. INVESTORS

WE SELL

-small-lole-of

Cementa

Underwriters

Territorial

Development

Watsons

Rauba

Lare, Crawlordi

Constructiona

Realities

Daley Farms

Hongkong Electrics

and various other Jols.

Tel. Central 4540, Asiatic Building.

3716

WE ARE ALWAYS PLEASED TO ATTEND YOU. *

EXCHANGE.

(Opening Bute; closing Bate on Page 1) AELLING.

20 3/6. Cap Francisco and Man

York

A m/s. Mark SanatateaÑon

* 774711/16 mja. Vralitt sentimen.10.35

Domand, Unicases........1604

Demand, Blugapori

PPT. Jars bene

T/T: Marks sandinnen Nom

/T. Franes ... 10.15

Dymand, Farie sanamuammo

Un Saigon

Gandjermania

Djemtree

Kote-Bus Routers KALDISE Kamarant Medan Pal

Aasta

Bingapor Palembang Homemain Pruslengan anakarta(Holo) Гераня

TIKU Font Tjilatja Wo

Wollarsedes

1den lankere: ~The fintional Provincial and Wulon Hauk of Fogland Ltd.,

*ezer*podeps all over the World. BANKING BIBINEƏF OF LYFRYDEACAUTION,

J. J. STAARGAARD, Acting Agent.

ORIENTAL COMMERCIAL

BANK LTD.-

HEAD

OFFICE:

so la Cuaux Mostra, Hongyoka

FRANCREA-ĦANGKUK-BANGBA.

Correeyusilenie:-London : Westulanter Tak, td New York Nathan CHY Hang: Man Frazoiaqu: Valon Tries Co. of Ban Francions Cantum Unna.

Authorised Capital ......$3,000,00

Kodern bapsing, in

lik bramożes COFFEE $ogouste viaxe abonente à fed deposite notiofed losun granted un approved conuriky.

Derves banking - aprotality. INTEREST.-Curizm sohunts 2 per cent saving 4 pre cens, Fized Depielte, 3 month per 4 molbe 14 per cent, owe paur

prat.

Safe Deposit Boxes for Rent. Our Valls sateguarded by time rlocks and double combination armour plate steal doors

J. 'Y. LUM,

HOPE

THE BANK OF CANTON LTD. Head Office Bongkong

Authorised Capitul

Paid on Caprism)

Milver Reserve Fund......

1,150,000

700,000

Foreign Exchange & General Banking bralpeak trakeacted.

Interest allowed on

CURRENT ACCOUNTS

2% per annum on dally sredit balancon of over $100.00:

SAVINGS

4% por annum DEPOSITS

for 12 months 5% per annum

++

6

3

Holmes oblained on appilaiton. INTEREST OR depoli allowed on the minimum monthly Latino al 34 per semi per

Zor the Flongkong and thangbai Banking Der ponitor

מסנדנר

BOSBOK

GT

IL TROL Жары MANILA

-DAN!171

TIRATOR 10x10

TREONIMA

HONGKONG STORM SIGNAL CODE. (Local)

GENSKAL SYNDR

Revised on lat June, 1920,

DAY SIGNALA

myrting - {A-typhoon arieta which may panišky

" Hongkong within 24 human.

Ünle exported from the Marth (1.W. do 25.103

Want (5W, to (L573

Gale expected in loersman.

Wind ad typlanen diens arpootoč tong Skrautbung

Mount 296. 3 ads be assomprated by beso suplaive bozba, teal në botuanda 202) FREIN TIME Tulive footies and repeated as the Durbone Ollas.

Puskone Odell, MILK. Timer, Drain hisnt scgrad man, the Sagrist in me Sanghang sat Levison Whari sad Gadows Overpany of LouLOIN, MA SAÇIRAE

NIGHT BIGNĀLS (LAMPS),

HITE

WHITE

WHITE

WHITE GREEN GREEN WHITE WHITE GRELN

GREEN WHITE

GRKEN

OREZI

the lower of the Railway Station, on 25.16.1. Fumar, vai un the Harbour Viln baby will have the vamo siguišeština se tão day sigueận

Chong so

tigmal die. 7 wil be sooompanied by explanten bomba oo ahora, in the sowan að sví toduomanikin sayayed by vise signal being too plačioked at signs,

4

SUPPLEMENTARY WARNINGS.

When javní signale see doploped in the Barbone a 0013 với be aut5ing as en

DAY BOOK

VARIAN

de matira vreči and parsing vorna vanost).

AI KURO

MIA TAO N

wackicy Content keluaran ange Beggende te danes karca, on demand, ja sigui eni

THE DIFFERENTIATOR.

HOW DOES IT START? What starts this process of differentiation? Yours ago Spo- manu had shown that if the dove- How The Germ Grows Up,

loping egg was divided in two Bo What makes the formulass egg that both halves-contained-gomo- or garm become organised into, of the region where the fold Gret the fully-devolopad animal or storted tho dorsal lip region-

Commercial & Trazellers' Leiterror Credit card Diant-in other words, what is the result was two normally- Bisle of Exchange and Cable Tracters bought the cause of embryonic differen- formed tadpolos (artificial twins

and sold. Current sonnuuts sod Barloge

socounts opened sud Fixed Deposits in lotiation? writes Prof. Julian S. if you will): but if the division and foreign currenales takes strates that may Huxley in the Manchester Quar-ran so that one half contained all. be arostlained ca application to the Bank.

Bank of New York to the principai auustilas of Bouth America and in the Won Judles. , NORTH

3. Queen's Road Dentral, Rengtong

BANQUE DE L'INDO-CHINE (BRANCH BANK.)

Read Ŭa 14. Boulevard Banasane, Party,

CANA

זי

Rear I A. H. BARLOW, Acting Chief Manager. Hongkong. 7th. May, 1924.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter 1854,

.£3,000,000 .£3,900,000

Paid-up Capital.. Reserve Fund Reserve Liability of.......

Proprietors

£3,000,000

Forign Exchange and General Bank- ing husless transacted.

Current Accounts opened and Fixed Depositi ressired for 1 year or shorter periode at rales which will be ruoled on application.

A. H. FERGUSON,

Manager Hongkong, 15th. Fob., 1924.

DARURIE?

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE

DE CHINE. ETABLISSEMENT FRANCO

CHINOIS. (Incorporated in France)

5. Chater Rd., Victoria, Hongkong" HEAD OFFICE:

74, Rue St. Lazaro, Farin. Capital Francs $10,000,000.00 Working fund provided by THE DANQUE INDUSTRIELL DE CHINE

Frs. 50,000,000 BANKERS, FRANCE - Societa General Banque and Nationale de Credit, Banque de Paris at des Paye Bas.

LONDON: Midland Bank Ltd

Praze 42,51,400 10,900,000

BRANCHED AND AGENCIRE, Babakn

Hongkons BaitumbuE Moortre Unato

Houmen

Dilbeell Balpbeat

Pakiog

Pan Fe

Fundisharet

Jaxol

DARENKO 1

Saigon Bhangbat Diarajan Tientsi Touran vadiveminol

Tummanfo

In Fance: Comptoir National d'Erompte de Paris Credts Lyonnain; Hengne de

Credit Indu

Faril at des oieta User).

Commerci

of

We are also able to offer our Customers the fin. That is at present one of the other none of dorsal Hp region pervises of the Branches of the National Oy the most difficult questions of only the former would produco biology. A discovery of far reach- an ombryo while the latter after ing importance, which may well reaching the stage just prior to provo as fundamental in the fold differentiation, pover progressed of development as did tho dis- any further. covery of tho circulation of the This pointed to the dorsal lip bload in physiology or of segregaboing causally concerned in the

To prove this tion in genetics, has recently procesA, boen made

by the German connection, Spomannfreed two de- zoologist Speamann.

veloping eggs from their protect-, In the course of a long sorice ing mombrance, and then, by a of painstaking rosearches upon triumph of microscopla xungary the development of the newt he removed a small piece of the has perfected a technique which dorsal lip region of one (A) and enables him to play the most grafted it into a prepared wound other amazing tricks upon the oggs and of tho ramo sizo in some ombryos. For instanco, one of region of the other (B). The ro. his pupile, Mangold, has been ablo suit was that B devoloped not to unite two devoloping eggs only a normal series of main or-

differont

game in connection with its own of two

spocies

in newt into one, which proceeded dureal lip, but a second Bot to develon into a single normal connection with the engrafted lip

position,. fembryo in spite of its chimeric in whatovor abnormal

this might have boon put. coraposition!

This was startling onough in Spanmann himself, however, has been able to diseovor. some-itself but he went farther. Ho dorsal lip of one the thing more fundamental-to wit, grafted the cause of differentiation. The species of nowt into the flank re- fortilined egg of a newt, like that zion of the egg of another species, of most other animals, at first | The tissues of the two specios consists of a round maus of living wore differently pigmented, so substance containing a nucleus, that the extent of the tiosuos and laden with a considerable directly derived from the graft

other could later be determined. quantity of yolk and material destined for the needs might reasonably have been sup of the embryo which will develop i posod that tho now, abnormally- THE BANK OF CHINA,

from it, No definite structure situated set of main organe was even remotely resembling that of derived from the multiplication the adult is to be seen; the of the cells of the graft. This, (Specially authorized by Pros- various wbstances, such as yolk, however, proved not to be the ense. Most of those organs were Idential Mandato of the Republic fat, &e., which are often more of China on the 22nd of Novem- denso at one pole than at the dorived from tissues of the host. bor, 1917.)

other, soem only To bo raw In other words, the engrafted Authorized Capital..$60,000,000.00 materials for the constructive dorsal lip had influenced the Paid up Capital..... 18,278,600.00 procosses which are to tako placo surrounding tissuos so that they had formed brain, notochord. Reserve Funds...... 9,629,425.24 inter.

is stop

the muscles, and so forth. It had HEAD OFFICE: PEKING division of the egg into tway been like-Mother-Caroy in King- Hongkong Brasch. 4, Queen's Rd C.

Water Babies," who four, eight, and по

till sloy's On Dranones and Bob-branches ali prer Chine soverul dozon or (in the nowt) made things make themselves."

IN LONDON: The National Froizolat end Baion Bank of England, Ltd, Comptoir Nations 4 isompia de Paris: Grad Lyonas.

IN NEW YORK: J. P. Morgan and Co., Internet allowed on Durzsal Andouts and Fixed Deposite scoordlag ta arrangement.

rary donoription of banking sud crebwage baries Atanınessők

A. LECOT. Manager. Singkong, 201 March 1934

sad onrespondeals in Farops, Amerion und other parts of the world.

Tho .next

Boveral hundred small cells have LONDON DANKREIS National Freon produced from the original

virstal and Union Bank of England, Ja

The Guarany Trust Company of New York,

York.

doled.

Loans granted'oa upprored securities, Special felldies for Name Exshaaye.

TSU YER PEI,

Manager.

司公限有行銀豆和

Every description of Banking THE HO HONG

NEW YORK-Irving Bank Columbia Trust Co..

4%

"

3% 10

* and Exchange Business transact-

P. DURNEIN,

Manager.

BANK LTD

Capital:

On Domand 2% per annum od, Correspondents throughout Racorporated in the Straits Settlements

the world. BRANCHES:-Canton Shang- hal, Hankow, Bangkok and Now York.

LONDON BANKERS:-Tho

Lloyds Bank Ltd.

LOOK POONG SHAN,

Chlet Manag07

THE YOKOHAMA SPECIE BANK LTD

ZITIILMEND 1978 Capital (fully paid up).........). 100.000.00 Rereford

I. 73,050.000 FINAD OFFION, YUKOHAMA..........

Branabes and ågensten ut

Dimand

10 /m EN 1960 MATS NEA

10 15

Demand, Germany,

*/4*

Demand, New York

62

ET. Hhanghai ..............

Nom.

T/T. Bombay

-

CT. Bingapore

1023

Demand, Bombay

.........2001

F/T. Japan saatossant

T/T. Calontie

T/T India

.160

Dimand Ina

-

Qu Yokoham

T/T. Ben Trangiven and New

Demand, Manila

York

TAMENN

62

1074

.1405

Domand, Batav?s

On Haiphong

PACE. Nem.

Num.

Co Bangkok

т

Bovereign

8.17

THE INDUSTRIAL & COM- MERCIAL BANK, LTD.

Guld let par Tadi minnes

42,80

#50/16

9/5.11/16

Usr Bilvar......Fady mnom

forward

č4,07.6 M4.11/10

Ban of England rear

Baintin Bombay Burnyrai

Chanroba Daisen

New York/Londog posts 4.37|

SUBSIDIARY

raghang 60 ant ploves (``

COINS.

10

.5

Danion aub, going

Fluid leaf

Hongkong, July 1 1024,

BUYING.

4 m/ £/O.

4 m D/P.

ms L/O.

ZV đ/1.9 duay and Melbourne 2/5

J

раг 1,1/2X die.

2.% dis 01.10% dia. $48.00

HEAD OFFICE: York Bullátog Chater Road, Hongkong.

BRANCHES 1–

Shnagkai nod flankow. Correspondente in mil commercial contras

of China and abroad.

PROMPT SERVICE, Attractive rates for for all kinds to Daposite.

Inquiries ara, Walcome.

... 1. Mặt

Meanger.

Kakdes

Slamburg Iankow Trometule Slabin

Kai Fren

Fabr

Londca Lycas

Bab

Bango

BRO Tranet a Angeles Deatil

Kagani

ЛАКОВА

Benghal MIPERVOIS

Sydney 1.47*

Fiestals New York Tokyo

Poking

aloda Jamiro

W

inditontonk

Intrant allowed on Cartekk Ausamaks. Deposite resiyed for dead perioda ai rates to be obtained az amaliaktion.

T. RISHITANA,

Hongkong lab Fade".

4,000,000

It

Spoamann calls sucb a region an 'organisator"; perhaps "differ- entiator" would be the bout English.oquivalent.

How the differortiator makon another

New York Banker The frying Nailon large one. Then, in the nowt and Daskr. The Equitable Trust Company of Hawothor amphibia, a now process laterers allowed on Currest Apaouais and occurs. At one place near thu Fited Deporita Terme on application.

Every doneriptize of Banking business requnior of the egg, the smaller, cells, differentiato is

to question. What in at least aug- loss yolk-laden colls begin multiply more rapidly and to gestive in this connection is the grow down as a fold or flap over fact that the colla of the dorsal the larger yalk cells. The in- lip at the time of its formattan faction, an lo speak, sprends side- and down-growth are the most ways; so that as the fold oxtonda | actively-roproducing of all tho downwards il enlarges laterally: colls in the germ; and it is natur- its froo edge becomes at first cros-aland probably correct to suppose contic, then amicireulur, thom that this very activity is in horne-shoe shaped, and finally some way responsible for their circular. The cirelo diminishes power over the other colla. Then until at last the whole of the who liko analogion-" loose typos yolky part has boon overgrown. of things through all degreed- $20,000,000 The edge of the fold is called tho also doubtless observe that a par--

allol can be found in human 8,000,000 tip of the blastopore.

Directly after, this the first affairs, where the genius or in- signs of differentiation become ventor or man of great mental 4,000,000 apparent. The side on which the activity Causon tho host of 600,000 fold first appeared becomes the average mon to work along the Itead Office-Singapore back, for hero appears a thickon-lines which ho huo in a sense Branches Agencies and voices-ing which soon becamos con presurilied to them.

But whatevor the oxaot mode. pondents in the principal oition of verted into the rudiment of the the world.

brain and spinal cord, Bolow of action of our embryonic Mo this the notochord, forerunner of thar Caray may ultimately prove.

to be, tho firot atep has been the backbone, is formed, and on either side the rudiments of tho taken, and the soorot of differen musolos. The cavity of the digentiation pinned down to a dofinite tivo tubo appears below the part of the developing egg. Given notochord, and the kidnoys on this boglaning, wo may reason either.side. In a very short timeably hope that the solemen of the rudiments of all the chief developmental physiology...... may organs of the future tadpole are in fifty years time be as coherent. Manager Mr. Han Liang blocked out differentiation has and well organised as that of

Huang.

started, and, once started, con-genetics or even comparativo

| anatomy is to-day. Tolophona Non. C.4580 and 4587-tinues to ile-appointed and.

Authorised Issued... Paid up Reserve liabilition of.

sharo holdorя ... Rosorve Funds ...

HONGKONG BRANCH:

13, Quoon's Rd, C. Evory description of Banking and Exchange business trans acted.

Local Board: Mr. Ko Leong Hoo (Chairman) Mr. Sum Pak Ming Mr. Ng Chang Luk

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