1924-09-29 — Page 4

Hongkong Telegraph 港電新報 士蔑新聞 All

SHARE QUOTATIONS.

Block Exchange.

B.K. & 9. Bank

(Londou)

Chartered Bank

Mercantile Banks A & B h.

Mercantile Banks O

P. & O. Bank

Bank of E. Ania -

Fire Insurances,

Refinerite.

22

110

THE HONGKONG TELEGRAPH, MONDAY, SEPTEMBER 29, 1924.

KEY ALLAHABAD BANK LYD,

INDIA,

Subscribed and Pald op..............£2,594,160

WEST LONDON DRANUH:

| 16-18, Ooskspur Street, London 8, W. 1,

FASTERN DRANCHES: Bombay, Calzetta, Karachi, Mudran, Colmio, Slagupora, Itongkang und Shanghai,

The Corporation undarisks Gasara! Banking and Exchange Business of avacy description and in addition to it | Brinckas kao Apamelas in all the princi- ipal allies of the world.

C. CHAMPKIN. MAXIŞIT.

19 Du Vatur 2004 Ocatral, Hongkong

LIMITED.

MNAD OPPIOR:

ASIA

ĐAI II. ĐẠI TOUR Head Dasira, Mapio. NOTABLIOUND 1010.

$,000,000.00

London Bashere :-The Hidianő Bász, LAL. Bvery dassription at Banking and savina go BRINO yamesalad. Loans gransed on

approved mourifier.

Jaldrest allowed

Correst Derpənil

BANKS.

NEDERLANDSCH INDISCHE HANDELS BANK

(Netherlands India Commercial Bauk)

Established 1863

Paid-up Capital and Rozërve Fund Gids. 75,000,000.---£6.250.000-/. HEAD OFFICE: AMSTERDAM EASTEEN HEAD OFFICEF BATAVIA, BRANCHES:

Amoy, Amponan, Handoong, Bombay, Caloutta, Chorl bon, Gorontalo, Hongkong, Kobe, Makassar, Medan, Manado, Palembang, Pekalongan, Probolinggo, Semar ang, Shanghai, Singapore, Soorabaya, Swatow, Togal. The Hague, Tjilatjar, Woltovreden.

CORRESPONDENTS: LONDON Midland Bank, Ltd. NEW YORK Farmers' Loan & Trust Co. and in all the princioal towns of the world,

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

J. M. E. NIKKELS.

Manager.

EARLIER TELEGRAMS.

THE CHINA. WAR.

Our Own Correspondent).

Shanghai, Sept. 27. Cheklang launched an attack this morning between the railway, and Kinting, the objective being Taitsang.

Eyewitness' observation in the area of most Intense fighting fo the sector to the northward of the railway as far as the village of Malu, reveals that another precedent in Chinese warfare was shattered when the Chekiang troops, numbering ten thousand, continued determined offensive under incessant downpours of rain.

.

The major centre of the battle is just outsido Malu, with the Kiangsu forcos entrenched from two to three miles to the westward‹ with artillery, machine-guue and rifles, a continuous volume of hiring Indicating that Kiangsu has superior numercial forces which aro content to remain on the defensive.

On the narrow rock-filled roadway from Nanziang northward tu Main there are namerous Cilrogn touring cara equipped with cater.. pillars on the rear wheels, bringing up munitions and additional.

carrying stretchers with wounded going in the other direction, pled- ding and singing songs through the rain, with the wounded supported! on bamboo poles on the shoulders of the enrriers.

HONGKONG AND SHANGHAI · NTERNATIONAL BANKING CORPORATION three-inch guns, while there is a procesaton of Red Cross bearers

BANKING CORPORATION.

السون

HEAD OFFICE HONGKONG.

Authorized Capital $50,000,000 Issued & fully paid up$20,000,000 Reserve Funds

Sterling

Silvor

.£4,500,000 ..$25,500,000

COURT OF DIRSŪTORA. W. Fallendam, Weg-,~ÜNKİ TORAD H. F. White Drpaty Cuntemps

(Owned by the National City Fank of New York)

Hapita' kuplu 5.8, §12 159,900 BRAD OPPION,

MITADUAL

BŁKOBLƏDƏ MAYATIS

Wall Street New York.

LONDON GUPIES

or. Rishop gaia, 4,0.

PRANOHU –

PANAMA

The wounded counted were under a hundred, but there is no doubt that many of the most seriously wounded have been left on the Battlefelda. :

Both sides are employing watercraft to bring up reinforcemente, Clearing skies at dusk prisage more intense fighting to-morrow, | over probably wider areas.

Peking, Sopt. 27.

Wu Pel-fu this afternoon issued a manifesto, the preamble of which says that foreign vieltors, invariably ask whether, in view of the fact that people of various nationalities are residing along the SERILAGODA LOR PAPULE** South Manchurian and Chinese Eastern railways, the punitive expedi-

Reaorvo Liability of

Proprietors

+

COMBAY

PUERTO PLATA SAXCOUN

SALOUTTA

BAN DALAD1300, #11.

..... $20,000,000 -

BAN FRANO1400 de MINOR 14

Onu

BAN PROMO de MIDORIS

OLTS PAKUS

ENT DOKI

2.A. Plummer, lo.... 2. P. Wairoa,

KONDIGIN

g

LE VA

MADEIR MENILA

Assoumis si the rain of Two set 091. HE argum, on Having Assonsis Four wir soul; 1.17. 7. Baith, Reg.

14.

por um, and ER Flood Expoulis di 4. 5. G. Balyoak, M. L. Watson,

Following rule 2-

BANKS.

Sharebrokers' Association.

THE

Banke.

G.

£190

K.

1195

P. 8 O. BANKING CORPORATION, LYR.

HR.

£133

12.

£20

£20

(Kasorporated LugMugland 1930.3

7

£281

b.

£2814

With which is afflistad

b.

£12

[..

£11

D.

£11

box div. 98

98

Authorised Capital

£5,000,000

Marius Insurance,

Canton

b.

720

720

China Underwriters

b.

194-

b.

1.80

Reserve Fund.....

£135,000

North China

肆.

$140

140

HEAD OFFICE:

Union

b. 238

Sa. 240

b. 238 HA 240

199, Leadenhall Diesel, London N. @

Yangtsze

11.

2914

30

China Fires

D.

180

180

H.K, Fires

h.

600

600

Shipping.

Douglases

62

63

H.K. Steamboats

13.

413%

41

A.K. Tuge.

3

1).

334

Indon (Prof.)

21.

38

Indoa Def. Lon/Rog.

118

23.

38

Indos Def. H.K. Rog.

118.

Sholla

11.

80/-

H.

7819

Ferries

102.

b. 103

a. 104

Water-boate

16

}

16

China Bugars

425

Malabon

5.

44

1.

45 40

THE

BANK OF

BAST

Mining.

Henguet Consol.

#h

P. 34

Kailan

Fi.

201-

71/.

Langkats Combine

13.

X. Rt. 18

1716

Authorised Capal

Raubs

5.

3

4.80

Paid-up Capital

Тгодово

15.

441-

44/0

Sanità Fund...

Ural Caspians -

}].

10/-

Exploration Now Issue. n.

314

Docks Wharves, Godowns &c.

H.K. Wharves

1)

K. Dock.

11.

Hongkow Wharvon

h.

21214

177 19214

311

50.

175

New Engineerings

b.

614

G12

Shanghai Dooks

b.

9142

92

Lands, Hotels & Buildings.

H.K. Hotels (cum rts.) b.

22

Do. (Now) Prom.

22

2134

H.K. Developmonta

M.

1.10

1

H.K. Landa

10

11894

11832

H.K. Realty

t.

2.15

ብ,

2.10

134

194

N.

23

23

b.

150

150

Cotton Mills.

1014

1034

314

314

52

50

1.

25

}

25

Miscellaneous.

8

834

1834

18

544

11.

514

b. 234, 2314 Ba, 2244/M

621

11.

57

Randjuramai

21

12.

20

Bandong

dobber

Do.

14

13

Calovisa

Cheribe

1.

174

Djember

Do.

Now b. 514 sa. 53

512

DJDEJORA

.

Kobe

Constructions

11.

5

The lingue

Dairy Farms

b.

47

b. 26,80

271⁄44.

Der A Wing (ħp.)

43.

10

11.

10

(p.p.)

1.

214

1).

**

Electrics H.K.

Old

+

41

11.

43

Electrics Macao

M.

34

Auting Agoni.

Hongkong Roper Old

I

20

21.

20

1.K. Hopes (Now) Prom, n.

i

It.

7

OKIENTAL COMMERCIAL

45

Lane Crawfords

b.

1834

441⁄4 182

blackintosh

2214

Peak Treme

-Old

214

11.

21

Peak Trams

Now

i

432

44

Sinceros

b

132

13.60

11.

44

$1.

4.10

26

26

Wm, Powells

15

Nanyang Tob.

13

Paid Up Capliat.......

China BuROB

21,

$1034

Hongkong, September 29, 1923,

..

H.K. Territories

Humphreys Estate

Princes Bldg.

Ewo Cottons Orientals

Shanghai Cottons Old Shanghai Cottons Now

anton Ices

Cementa (cum rts.)

Do. (New) Prein Cemente (Combined) Ropes (Combined) China Light

China Providents Old b. 174' x. 17)

11.

58.

b.

п.

Old b

New b.

Hongkong Tramways b. fasa.

T'AIIB

Watsons

B

HONGKONG SMALL INVESTORS' SHARE AND REAL ESTATE CO.

From Tournaio by 25

TAL C

WE SELL S'pore "Tennis $10.00

of ol

WE NOT the mů

Dairy Furtion button Bungkan Tanke 1/10 Logar Crashford-198, 1000

alkong Trans 140, 500 {{ [0]

Chris Lights Par/20 Peak Tra 1500

WANTLI

FIFTY

What was 3441

AND VARIO's

#40: 100 Pistele new dri40. Pewell no. 1:00

THER LUIS

appy sponjost 12wer, 4 ranes Be Boun Stport,

DOLLARS

GIVEN

રમ

نا

teroboat. !/3/100 Analties 1061009. Freporn 100/400 1nderwriters 100/1000 Providente old 100/200 25mpher 100/500

AWAY.

"Telegraph" Football Competition.

We will give a prize of $50 to the reader who sends in the correct goal scores of three First Division Hongkong Fouthall Longue Matches to be played on Saturday next. October 4th., as detailed in the coupon to be found below.

RULES

OF

1.—¿at lorenaste mrest be weather an eatjjvozek zał

ten langkong Telegraph." The men

elin black letters in ink.

COMPETITION,

For I mostbeat iku rale of 17 PAREN For momiko at iba rate of 4% şi) 242-1 Par 19 months at the rate it1% poraIKUM

KAN TONG po,

Chief Menegory

Hongkong, Fabemary Judd, 1974. NEDERLANDSCHE HANDEL

MAATSCHAPPIJ. INETHERLANDS TRADING SOCIETY). BANK.

Melabitens4.180.

Sorging Branch established beh

| Äub triked Capišk! Gu[lder....158,000,000,BF Paid-up Caplin) Galidezu......,000,000.00 Reserva Fund Quilders

(£18,000,000.00) (2 6.5 6.310.06% 20,043,039

|(21,676,419–) Apeuta Reserve Onfldser, 560,000,00

7,808,210.00 Y

BRAD OPTION {- AMSTERDAM. Treler Bead Offer - NATAVIA.

BAATORIO 2-0

Kota-Badju Rotterdam MAULJAT Esmarany

Shangba

PASARE Bistupurs Palembang Moerkbais Fan Boussharia(Bolo) Zoning Tegal

Pontianak Baijer sad

Waterfoden Лавкой

Lowdom Ranker:-National Proviniela

Deck Lid

Corzerpondents all over the World,

BANKING BUSINESHOP MYBRYDESCRIPTION:

J. J. STAARGAARD.

BANK, LTD.

HEAD OFFICE:

Dr Toni Lead Teatrui, Hongkong.

BRANDIENS-BANGKUS—ADANGKAT.

Morraepondents:—London? Weriminolya Bank, Lid; New York: Netional Ol Baby': Jan Franaises: Umi Trust Da

of Any Fren] Canton MARK.

Avikorited Capital...$1,600,00

$1,600,000

-Modern banalog is all 114 hramben Current sorɔumie savlaga osʊunte à Szed depoelio soiletad Josué gramieő cu approved menzily,

Overson banking a spoulalily. INTEREST.-Current apumio & par aut savinga 4 per esss, Pized Deposits, 3 month mokineti yoz stal, ons sa z

162 16ờ gill, You achded to the following work?« } . bring, thereby doubling Bức annual te da enost inted for.

all'ide of the entrant to be plainly print must be received at the -Aby number of attrusyta may be went in, kat aaarin Colipsa kasal be used for each Alleinpt..

-The Price of $50 will be awarded to the esm;, peline who given the correal gost, arners of “ the three inntober. In the exeat of more than onf competitors Pending in ourcest Surreal then ihn Prine will be divided equally between Llibre competitors. Na ena goimpetitor shall Then ene alınge of the jrjan.

benisteil to motiur and in ihren corres

Hhould nu

foreuasie, the prize will be awarded to the competitor e cumprtiturs who acceed in giving the curret goal senses in any two matcher. No price, will be givens! only one te le ourreetly furrenatedmin that event,

"Telegraph** offre not later than 12 oʻplek

Haturday, Getober 4th. Coupons revolved after has fine sill be disqualined. to responsibility will be neueled by the Filter for the loss of maplelivery of any coupon. The Elfter's strziston mat be deal. Xis currenpondence ur Interviews will he entered into sonerrsing this meuspelition, 6.—Any match given below which, through ang

swine whatever, to mit played to a dulah, will. pot de nested 7-No members of the "Telegraph" staff will be

pezmátkui ta take part in lije competition.

Mark envelope "FOOTBALL"

HERE

CUT

Goals.

Goals.

KOWLOON

TAMAR

v. SURREY'S..

CLUB

CHINA "A"

V. CHINA "B"

Name

Addrabo...

Safe Deposit Buzas for Rest. Our Vauliu safeguarded by time stocks and double combinatica Armour pista atual doors

J. Y. LUM,

МАДРАТ

THE BANK OF CANTON LTD. Head Once Hongkong

Authorised Caṣite! Paid up Capital Biver fisserve Fund

£ 1,500,000 1,078,030 700,000 General Banking

Foreign Exchange briness transacted,

Interest allowed on

CURRENT ACCOUNTS

2% per annum on daily eredit balances of over $100.00:

SAVINGS

4% per annum DEPOSITS

for 12 months 5% por sanum

6

3

IT

4%

31

41

Heu. Kr. A. D. Le P. Man.

2.M. Lousy, Sr...

.. Bartow, Rog.... Cutet “Manager Maangar! Ahanghai -...), IL. II. Baş

LONDON BANKERS: WESTMINSTEX BANK, LIMITED,

Quizrai Accotate opened In Local Oviriaus wixed Depoelie ressived for one year, ör aberler pestode in Loest Curiqu67 and Esarting on terms waleb will be quoted on appilonkiox,"

Hongkong, 3rd. Sept., 1924.

HONGKONG SAVINGS BANK,

The Business of the above Bank le conducted by iho HONGKONG AND BHANGHAI MARKING CORPORATION.

Kulso may be shinised en appilentiom," INTEREST On deposits allowed es ihs mutuessa monikly bulkner så då par neni pir

Par ibu Margheer and Usanghal Maskler | Dorporation.

A."H."BARLOW;

Chief Manager.

Hongkong, 3rd. Sopt., 1924.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter 1854,

Paid-up Capini.

........£3,000,000 £3,900,000 Reserve Fund Reserve Liability of.......

„£3,000,000 Proprietors

MANOMAT

SINGAPOR

COURERITE

ATTRIB

DEIO TORGEJKI

Dome Tentellers' Lettera di Stadio Themed

Bits of Exchange and Cable Trenditre bangbt and said. "Carpet sonones and Eatings Mapy Adequate opened and Fixed Deporili In Insal and formige smerensies taken si falar that way de menseslaineď an app!lection to the Bank.

tion will accord its fullest protection to foreign lives and property there. Answering these questions, the manifesto explains the necessity to protect foreign interesis, regarding which special instruc- tions have been given to Commanders. Friendly nations have on more than one secnsion declared they will not interfere with China's internal. troubles, "I highly appreciate this attitude, but I want to make the point clear that the punitive expedition against Chang Tio-n is an

Wa $20 sảo thủy by car our Customers thaction on, the part of the Central Government to quell rebellion,

services of the Brushes of the National Oily Bak of New Tork in the principal, acustrine of South America and in the Wart'indina,

W. MORTE

Manager

*, Queen's Road Sentral, Hongkongi

BANQUE DE L'INDO-CHINE

(BRANCH BANK.)

Hody £1. Boulevard Masaoui, Paris,

Pranas 19,399,000 65,900,109

EXPATTA

***

-

"

BRANORME AND ASWEETES,

Saltimbang

Плітвова Hankow Manel

comes

Longtoas Monster

Papothe

aila

FROM CAD Prediaberty

MANEKRET

Baigos

Singapors Tintin FourGar

The term non-intervention should include the removal of obaturies; in the way of the expeditionary forces, and in ense of necessity, facili- ties should be extended to the forces of the Goverment. This I hold reasonable as well as permissible in international courtesy. If non-. Intervention is erroneously interpreted as restriction of movements of Government troops, then it becomes rendering assiétance to the rebela." He hopes, therefore, the Powers will continue to support China's efforts to realize reunification and maintain their policy of non-intervention in such a spirit as will not restrict the hands of the Government-Kenter,

Shanghal, Sept. 27.

It is reported that San Chuan-fang reached Kangchow on the morning of Sept. 25th. He remained three hours and then went on. to Kushing with three brigaden.

Peking, Sept. 27.

On the morning of Sept. 26th Sun telegrupled to Peking from Vindivastons Kashing saying he was starting for Lungbun.-Reider.

Tachafu,

10 Ju¿pan: Camptoje Ratlemat O'Norðmy

du Paring Cradis Lyonuna Ranque d Pasina de Payn-Dan: Oredit tadurkrin? st Commoral li montate llamaral

In Londen: The National Proviumins and Union Bank of Reginać, Lid: Compiniz Netica d'Erromate de Parles Cred Lyonna

IW YORK: 7. P. Margte saa Bo.. Internet allowed on Durrant Amsoumia sai Forigo Exchange and General Brab-

Fixed Deposits sonceding so KIBRgukemi. ཀ ་སྟ་ པས་ ་ བ ས་ Ing business transacted." "

Bvery description of banking and trektago Current Accounts opened and Fixed | vurluses srampusind Deponite raudivad for 1 year or skortar

A. LECOT. periods at rates whleb will be quoted on

- Manager. application.

A. H. FERGUSON

Manager Hongkong, 15th. Feb., 1924.

SOCIETE FRancaise de GERANCE

DE LA BANQUE INDUSTRIELLE

DE CHINE. ETABLISSEMENT FRANCO CLINOIS. (Incorporated in France)

15. Chater Rd.. Victoria, Hongkong

HEAD OFFICE:

74. Ruo St. Lazaro, Paris, Capital Francs $10,000,000.00 Working fund provided by THE BANQUE INDUSTRIELI, DE CHINE

Frs. 50,000,000 DANKERS. FRANCE Societe General Banque and Nationale do Crodit, Banque de Parisot des Paye

Bas

LONDON:-Midland Bank Ltd

NEW YORK Irving Bank Columbia Trust Co.

Every description of Banking

1. Baib March 1934

THE BANK OF CHINA.

Shanghal, Sept. 28.

There has been much talk in the last few days of an expected Kiungan offensive on the Hwangtu-Liuho front, bat the surpriso which some circles thought Cheklung was preparing, was revealed yesterday, whon after being on the defensive for the greater part of the war a vigerous offensive was launched between Kading and Iwangtu, and according to a Cheklang ermmunique, an advance was made of ion li-Reuter,

THE ANGLO-RUSSIAN TREATY.

London, Sept. 27.

When Mr. Ramsay Macdonald was departing from St. Pancras to deliver at Derby his first political speech since the recess, a group of men in working clothes shouted, "Stick to the Russian Treaty, Ramsay, even if you fail"

i

Addressing a packed audience at Derby, Mr. Muettonald said his.... (Specially authorized by Pros- idential Mandate of the Republic opponents were now beginning to be afraid because a Labour Govern- to govern of China on the 22nd of Novem- wont had not ruined the country, but proved its fitness

better than they. ber, 1917.)

Referring to the convention of Parliament on September 30th. Authorized Capital..$60,000,000.00 he appealed to all parties to come together to secure the fuldiment of Paid up Capital...... 18,278,600.00 the solemn turgidh with South Ireland. Replying to an interruption,. Reserve Funds .............. 9,629,425,24 he said that Ulster must be fairly dealt with equally with the South.

Referring to the difficulties of the League of Nations, he said Hongkong Branch. 4, Queen's Rd C. war must be outlawed. The Labour Government would yet establish

condition, whereunder men would not fear war.

HEAD OFFICE: PEKINO

Brassbox and Sub-branche a over Uhion

and corpondenta i suropa, Amotion and other parts of the world,

LONDON, DINKTEX: -THE Ritual Fro vinofal and Union Bank of Baglard, La.

The Doraly Trust Company of New York. New York Bankerst—The rring Nallow Banks. The Equitable Trust Company of New York.

Interest milowed de Durrest Avadas

Fixed Depozii Terme on application

vaxy dunariplica of Runding buntmeer trank

aclad.

Loses prated'on approved securities. Epraisalsip?tor Homs Brabangs.

TSU YRE PEI,

Manager.

司公限有行銀鹽和

THE HO HONG BANK,

:

LTD

and Exchange Business transact-Incorporated in the Straits Settlements.) ed, Correspondents throughout;

Capital:

On Demand 2% per annum the world.

BRANCHES:-Canton Shang- hai, Hapkow, Bangkok and New York.

M. M. FITZ-HENRY,

Maunger.

LONDON BANKERS-The THE YOKOUAMA'SPECIB BANK LTD

Lloyds Bank Ltd.

LOOK POONG SHAN,

Obiel Manager

THE INDUSTRIAL & COM- MERCIAL, BANK, LTD.

HEAD OFFICE: York Buliding Chater Road, Hongkong. BRANCHES ←

Shanghai and flaskow, Correspondanta in all commercial sontran of China and abroad.

PROMPT SERVICE: Attractive saten for for all åtada to' Depatiti

Inquiries are Walesme. '-

Manager.

·BOTELLBARED 1400

Bagi) (Sully'pazd up)—-—-— X. 100.000.000 KRAD OFFICE, TOKOHANA | Bennabar ju í Agenelor di SMETIC

Borrabaya Remas

Logo Kumon Ayr00 Calantia Changshun bastan

(Dalay) **

Hamburg Fimoli

Neraraht

MOIRE E Desks How Tork Foking Mio de Jamaits

Mbinguni

BERAUSGER

ae

Tigutela Tokya

allowed on’Curesti ad

Authorised Issued... Pold up

***

Mr. Macdonald dwelt chiefly on the Russian Treaty. Ho knew there were dificulties regarding it, and explanations must be given.-

He had been called a Bolshevist because he sought to make peace with Russia. Should he be called a Mohammedan if he sought to make pence with Turkey? Britain had secured many valuable concessions under the treaty, The Russian market would be reopened

to

our merchandise, and propaganda had been stopped." We have succeeded where previous Governments have falled in getting Russia to admit her debts and establishing machinery to x liability. Mr. | Lloyd George levied war on Russin, which consequently made a counterclaim. We have not yet settled the claims, but drafted a docu- mant which we belleve will settle them.

..

We are not giving a loan to Russia, only guaranteeing a' loun, whone purposes are clearly defined."

Mr. Macdonald ridiculed the suggestion of a loan of £100,000,000, That was the amount Mr. Lloyd George had got on his conscience (Laughler), not one-third of which was ever mentioned. The loan would be largely spent on the purchase of goods and materials in. Britain. It was impossible to bring penco to Europe if Russia was $20,000.090 Joft oat. That was the biggest renson for the Treaty. "We will not 8,000,000 ask the Ifouse of Commons for a blank cheque. if the House of 4,000,000 Commons does not permit us to make a Treaty, it is better to censure us." He did not think the country wanted a break, but "if forced to go, we shall go to the public platform." (Chcera).

Mr. Macdonald defined the Russian Treaty na the second stage In the efforts of the Labour Government to make peace with Russia; Branches Agencles and curres- "When you make peace with a country, you don't associate yourself pondents in the principal cition of with Ita government, religion, laws or habits of life." He said thore

Reserve abilition of share holders...... Reserve Funds

4,000.000 600,000

tiead Office-Singapore

the world.

HONGKONG BRANCH:

Local Board:

were two tranties. First, the treaty of commerce and navigation, Including the most favoured nation clause, whereby, inter alia, the 13, Queen's Rd. C. Every description of Banking the export credits scheme would operate in Russia. British goods In and Exchange business trans-transit through Russia would not be duttable. The second was the acted.

general treaty, which concerned, inter alia, propaganda and debts.

Mr. Macdonald emphasised that Britain was not committed. The Government was prepared to recommend the British Parliament to guaranice a loan when the Government agreed to the conditions. Tho loan would be limited to the amount agreed by the House of Commons to be spent in a way acceptable to the House of Commons. 'on guaranteed accurities, which the House of Commons would regard

as good.-Reuter.

Mr. Ko Leong Hoo (Chairman) Mr. Bum Pak Ming Mr. Ng Chang Lux Manager: Mr. Han Liang

Huang,

Jephone Nos. 0.4586 and 4587,

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.