1925-04-15 — Page 11

Hongkong Telegraph 港電新報 士蔑新聞 All

SHARE QUOTATIONS,

Stock Exchange.

H.K. & E. Banc

(London)

Chartered Bank

Morcantile Banks A&E

Mercantile Banks O

P. & C. Bank

Sharebrokers' Association.

Bárka.

. 1230 1230

1230

£130 £211

4291 131

£11

#

100

Marine Insurances,

765

".. 755

b. 270 A, 2.30 ■. 2..80/90, x, 2.90 a. 2.00/05

Bank of E, Asia'

Cantón

China, Underwriters

****$240

b.

272 45

Fire Insurances.

200

666

NorthChinn

Union

#Yanglaze

China Fires

H.K. Fires

Dougioses

H.K. Steamboats

H.H. Tugs.

Indos (Pre)

Indos Dat. Lon/Reg.

Indos Det, II.K. Reg.

Shell

Malabon

THE HONGKONG TELEGRAPH.

BANKS.

WEDNESDAY, APRIL 15, 1925.

BANKS.

BANKS:

HONGKONG AND SHANGHAI NEDERLANDSCH INDISCHE HANDELSBANK THE CHARTERED BANK OF

BANKING. CORPORATION,

Authorised Capital --

HEAD OFFICE: HONGKONG,

- $50.000,000 $20,000,000

£4,000,000

Issued, and Fully Paid-up

Rosorvo Fund.. Sterling -- Silver.

Reservo Liability of Proprietors

$28 800,000

$20,000.000

COURT OF DIRECTORS: G. M. Young, Esq. Chairma H. P. White, Esq. Deputy Chairman B.D.F. Belth, Esq. Hon. Mr. A.O. Lang, W. H. Boll, Eaq. W. L. Pattondon, C04 A.HI. Compton, Erg, J.A. Plummer, Esq Hon. Mr.P.H.Holyoak T. O. Weall, Esq.

Uhlof Manager

"

A. H. Barlow, Esq. Manager: Shanghal-0. H. Stitt, Esq.

LONDON BANKERS: WESTMINSTER BANK LTD. CURRENT ACCOUNTS opon-

Established 1863, *-

Pald-up Capital and Reserve Fund Glor....76,500,000 £6,375,000

·HEAD, OFFICE :—AMSTERDAM EASTERN HEAD OFFICE-BATAVIA.

BRANCHES:

Amoy, Amponan, Bandoeng, Bombay, Calautta, Cheribon, Gorontalo, Hongkong, Kobo, Makassar, Madan, Merado, Palembang, Pekalongan, Probolinggo, Rotterdam Semarang, Shanghai, Singapore, Boorabaya, Swnlow, Tegal, The Hague, Tjilatjap, Woltevreden

LONDON REPRESENTATIVE (-F. 8. Wright, 27, Old Broad Street, London, E. O., 2

CORRESPONDENTS --

INDIA, AUSTRALIA & CHINA.:

(Incorporated by Royal Charter 1883.)

sights, oxcopt the usual bowilder- ing glimpses of the characteržodies Chinese streets, shops and homeÉR It has, however, the not altogether: onviable distinction of being a key world city of 20,000 foreignors, of whom 1 500 are Amorioans.” Y, X- "There is a widespread protest in China" because of Shanghai's reputation as a notoriously i Paid-up Capital..

£3,000,000 oral centre: Intelligent Ch ..........................£3,600,000 gentlemen will not permit "their" Reserve Fund Reserve Liability of Proprietors£3,000,000 song to come to Shanghai aɛi

students, lost they be ruined by Foreign Exchange and General Banking the lax morals prevailing there. business transacted.

It is as attractivo as Paris and ag Current Accounts opened and Fixed cosmopolitan se Carle, but it Deposits raceived for 2 year or shorter)

outdoes both of these ontwem the application.

1

festive wickedness. The Shows- hai Club, one of the fashion soll es centres of dissipation, has a lar 110 feet long, the largest in thes world, which is all too 10

LONDON-Midland Bank, Ltd., Overseas Branch, Westminster Banks, Ltd.. perioda at rates which will be quoted on Foreign Branch. N. M. Rothschild & Bone and Swiss Bank Corporation,

NEW YORK Chase National Bank, Farmers Loan & Trust Co., Irving Bank-Columbia Trust Co., Goldman, Sache & Co., Now Yerkt Trust Co.

And in all the principal towns of the world.

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

od in LOCAL CURRENCY and FIXED DEPOSITS received for THE one year or shorter periods in Local Currency and Sterling on: terms which will be quoted on application..

Hongkong, 21st. Feb., 1994.

HONGKONG SAVINOS BANK.

3140

273

45

105

650

$2

361

4.30

120

83/

Ferries

87

Water-bonta

19.10

Oriental Navigation

255

Refineries.

China Sugars

66

62

524

Mining.

Benguet Consol.

b. 2,60, 265 2.65'

Kailan

57/6

Langkats Combined

271

201

S'hai Explor. Now Issue

b.

Rauba

3.30

31

Tronoha

567-

671.

Ural Cuspians

J

81

Docks Wharvey Godowns &c.

H.K. Wharves

101

#B.

K. Docks

121

b.

1923/3 118/1

Hongkow Wharvon

203

Now Engineoring

94

Shanghai Docka

125

126

Lands, Hotels & Buildings.

HK. Hotela (cum ris,)

Do.

b. 15,16, 16.15

(New) Prem.

H.K. Davenpments

ນ.

60cle,

H.K. Lands

4 40

-430

.

n.

3:90

n.

44

b. 20. 207

b. 201., 201

150

Cotton Mills.

*. 12

FX.

12

11 00

b. 3.00 3.00

3,20

b.

#

60

J2.

60

Hongkong, 7th. January 1825.

b.

301

33

Miscellaneous.

b., 21 sa. 22.10

司公理管業實法中

22.10

D 事件。

b. 321

县级。

$

SOCIETE FRANCAISE DE GERANCE.

H.K. Torrilaries

H.K. Realty

Humphreys Estatu

Princes Building,

Ewe Cottons

Orientala

ין!

Shanghai Cottons Old

Shanghai Cottons Now

Canton Ice

Comonta (cum ria)

Do. (Now) Prom Do, (Com.)

China Buses

Chias Light

Do.

Do,

Old Now (Com.)

Do.

Now

b. 15.30. 15.15.30

b. 70cls, s. 65/75ta,

b. 94.60..93)/94

10

26.30. 26.

654

164

48

140, 302 (40)

4C

40

18)

18

10.20

China Providenti Olá

Constructions

Dairy Farme

Dor A Wing (fp)

Do. (PP) Electrica

LK

Electrics Macao

Hongkong Ropes Old

II.K.

Beper

(Now) Prom...

Корея (Combined) Hongkong Tramways Lane Crawfords)

Mackintosh

Peak Trams

Peak Trams

Sinceres

Талія

Watsons

34

Old

'Wm. Powells

Nanyang Tub.

6. 48. a. 47/478

Hongtang April 15, 1925.

Now

Old Now

SHIPPING NEWS

The following local shipping and mail intelligence has beou

corrected to noon to-day;

Vessel

Linds

"Glenapp

Suzyong Taming Kiangsu Pres. Sackeon Pres. Cleveland

Van Overstraten Westland Helikan, Saga M. Tauruga M.

Shinyo Mt.

Vessel

Talamba

Mishima M.

Kwongang

Agents AP.C

D&S

JA

A O Line

Vessels Arrived.

Pacific tail. JCJL

Kwang Yuen Sing Thoresen & Co.

Kwongensg

NYK

TKK

From

London via Singapore

Date.

Balikpapon via Shanghai 15th April

Shanghai via Amay

Haiphong vin Holbow

Singapore vin Swatow

Manila

1

San Francisco via Shanghai-

Bolewan Doli vja'S'pore Bangkok

Bangkok

Bangkok via Kahsichang Tokohama via Shanghai San Francisco via Shui

Impending Departures.

(Compiled from our Shipping Advertisements.)

Agents P&O NYK

H & Co.

NYK P&O

Em, of Astralia CP9 Ld,

Mito M.

Sardinie

Minang Karmala Osaka M, Holenus

Mingaang

Kutsang Lvenon Ningehow Lecsang

Vesget

Sardinia Kargiela

Hakozaki M. Em. of Anin Diomed Hakusan M.

P&O

NYK

D&S

JBL & Co.

B&S

B & S

Destination

Kobo

Yokohama

Shanghai

Vancouver

London Kebe

The Business of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING CORPORA- TION. Rules may be obtained application.

00

INTEREST on Deposite is calculated

the on Towest balance during each cor- picted Calendar Month at 3 per cont per Should thero be no balance on any day in a month no interest will be allowed for

for that month

100.

Depositors may transfer at their option Balance of $100 or more to the HLONG KONG AND SHANGHAI BANK to be place on FIXED DEPOSIT at OUR- RENT RATES.

For the Hongkong and Shanghai Bank- ing Corporation. 1.

A, H. BARLOW,

Chief Mannger,

DE LA BANQUE INDUSTRIELLE DE CHINE. ETABLISSEMENT FRANCO '

CHINOIS.

(Incorporated in Franco).

5, Chater Road, Victoria, Hongkong.

HEAD OFFICE:

74, Rue St. Lazare, Paris,

BANK OF EAST ASIA,

LIMITED.

HEAD OFFICE-HONGKONG.

Authorised Capital Paid-up Capital - Reserve Fund-

DIRECTORS

P. MARKS, Manager.

INTERNATIONAL BANKING

CORPERATION.

(Owned by the National City Bank of New York).

Capital & Surplus.......U.S. $10,000,000

- $10,000,000 $,000,000 1,000,000

Hon. Mr. Chow Bhou Son-Chairman Fong Ping 8ban Mok Ching Kong

Wong Yun Tong

P.K. Kwok

Huyuh Tai

Barahona

Kan You Po

Barcelona

Pong Wai Ting

Chan Ching Shok

Batavia

Li Koon Chuz

Ng Ching Luk

Every description of Banking and Bombay Exchange business transacted Loans Calentia granted on approved ancurities,

SAFE DEPOSIT BOXES to lot.

KANG TONG PO.

Oblef Manuget. Hongkong, 16th. February 1925,

NEDERLANDSCHE HANDEL MAATCHAPPIJ. · (Netherlands Trading Society), BANK.

5

HEAD OFFICE:

wall Street, Now York..

LONDON OFFICE :

Canton

Cebu Colon

Dairen

Hankow

Harbin

Hongkong

Kobe

Madrid

La Vega Manila

Bishopsgate, E.O.

BRANCHES

Panama

Peking

Puerto Plata

Rangoon

San Francisco, Cal. San Francisco de Macoria San Pedro de Macoris Bouches

Santiaga de les Caballeros

Domingo

Shanghai Singapore Souroabaya Tientsin Tokio Yokohama

A. H. FERGUSON,

Bianager.

THE MERCANTILE BANK OF patronized."

INDIA, LIMITED,

HEAD OFFICE":

15, Gracechurch Strcot, London E.C... Authorized Capital .....

Subscribed Capital....

Paid-up Capital.......

Reserve Fund

BANKERS:

It is the fashionable rand- ezvous of the Far East To quality folk drive past the Bab- bling Well in automoblies of the- latest modele, much as few £3,000,000 €1,800,000 Yorkers frequent Central Park: .......01,050,000 in their stylish equipages. TherU .....£1,250,000 are handsomely gowned wGRADES everywhere, displaying the masti advanced Parisian fashiona."

"The Chinese areidevoted to the 'movios' and enjoy AmerÏ CONTEX films which are duly jexpounded by an interpreter, gestionat gr like an acrobat, at the side of thos I stage. Charlie Chaplin is thair

beau ideal of a comedian."

THE BANK OF ENGLAND, Midland Bank, Ltd.

BRANCHES :

Batavia

Kandy

Bangkok

Colombo

Dolhi

Karachi Kota Bharu Hongkong

Galia

Bombay Calcutta

Howrah New York Penang (Mauritius.)

Part Lonia Sourabaya Kuala Lumnal

Madras Rangoon Shanghai

Singapora

HONGKONG BRANCH:

Every description of Banking and Exchange business transacted.

Interuat allowed on Current Accounts at two per cent per annum on Daily balaners, and on Fixed Deposits at rater that may be ascertained on application.

J. B. ROBS,

·Acting Manager.

POOR OLD SHANGHAI.

Its "Vices" As Advertised.

"The boat hatole are the "Astag House, with 200 rooms PA elaborate modern improvements The Falace and the Savog" are. also entirely comfortable."

Eas

"The prices run from 5 $15 a day and everything is on porresponding scale. It costs £5 (gold) an hour for the hire of a motor car, and 30 conts (Mon) for a daily paper."

This is probably the But, af man," says "our contempo who bas heard the Chase. version of the Prodigal Son-lbs) one who instead of going tơm đ country went to Shaaba7. doubtless to, participate in the When the world was but a few "fastive wickedness here. The years youngar, hardly anybody rather a big claim to make ant

that Shanghai bothered about Shanghai, and

outdoes bat things were accordingly altogeth- Paris and Cairo in wickedness- er happier. To-day half the Paris (though no worse tha authors in the world seem to con- fother capitais) can do its fair sider a duty to say something share in that. line, but Chiro about the place, and Shanghai | there

time when THE BANK OF CANTON LTD. generally seeme to got it in the specialized as Shanghai hao merer

Commercial and Travellers' Letters of Credit, Bills of Exchange and Cable Transfers bought and sold. Current Established 1824.

accounts and Savings Bank accounts opened and Fixed Depozita in local and Hongkong Branch established 1906.

foreign currencies taken at rates that may Authorized Capital Guilders.150,000,000 bea ascertained on application to the Bank.

We

are also able to offer our Customers (£12,500,000) Paid-up Capital Guilders 80,000,000 the services of Branches of the Nations (£6,666.670) City Bank of New York in the principal Reserve Fund Guilders 20,045,032 countries of South America and in the (£1.670,419) West Indies."

G. HOGG, Sperial Reserves Guilders...... 22,660,000 -

(£ 1,888,330) HEAD OFFICE AMSTERDAM, Eastern HEAD OFFICEBATAVIA,

BRANCHES — Bondjermanin Kota-Radja Entterdam Macassar Sanieraug Bandoeng

Medan Shanghai Padang,

Capital Francs....... $10,000,000.00 Banbey

Reserves Francs

$10,795,000.00 Calcutta

Working fund provided by THE BANQUE INDUSTRIELLE DE CHINE

Francs 50,000,000

BANKERS.

FRANCE-Societe General Banque and Nationale de Credit, Banque de Paris et des Pays Bos.

LONDON Midland Bank Ltd. NEW YORK-Irving Bank, Columbia) Trust Co.

Every description of Banking and Exchange Business Transacted. Corre spondents throughout the world,

M. M. FITZ-ENRY,

Mandgor.

ORIENTAL COMMERCIAL BANK, LTD.

TEAD OFFICE:

80 Des Voeux Rond Central, Hongkong.

BRANCHES BANGKOK-

SHANGHAL Correspondents:London: West- minster Bank. Ltd: New York: National City Bank; San Francisco: Union Trust Co. of San Francisco; Canton Bank. Authorised Capital

35 000 000 Paid Up Capital.....

.......$1 E00,000 Modern banking in all its branches Current accounts savings accounts and fixed deposits solicited. Loans granted on approved soourity.

Oversons banking a speciality. INTEREST.-Current accounts 2 por cent savings 4 per cent, Fixed Deposits,

Singapore

Cheribon Palembang Soerabnin

Pecalonan Soerakaris Djember

Tegal

(Solo) Dinkjakarta Penang

Pontianak Tintjap and The Hague Rangoon Weltevreden

London Bankers-National Provincial Bank, Ltd.

Kobe

Correspondents all over the world. BANKING BUSINESS OF EVERY DESCRIPTION.

W. H. GROSKAMP, Agent.

THE P. & O. BANKING CORPORATION, LTD.

(Incorporated in England 1920) With which is ulliated THE ALLAHABAD BANK, LTD.

· INDIA. Authorised Capital Subscribed and Puid-up Eenerve Fund.

£8,000,000 $2,694,160 £135,000

HEAD OFFICE: 122, Leaderball Lundan E.C. WEST LONDON BRANCH: 14-16, Cockspur Street, London 5. W. J. EASTERN BRANCHES. Bombay, Calcutta. Karachi, Madrat, Colombo, Singapore, Hongkang, Canton and Shanghai. The Corporation undertake General Banking and Exchange Business of overy description and is addition to its Branches han Agencies in all the principal cities of

the world.

L. E. HOPKINS,

Manager,

3 months 4 per cent, & months 44 per 72, Des Vox Road Central, Hongkong.

Safe Deposit Boxes for Rent.

cent, one your par cent.

Our Vaults safeguarded by time clocks and double combinations.

Armour plata steel doors,

J. Y. LUM,

Manager.

BANQUE DE L'INDO-CHINE

(BRANCE BANK)

HEAD OFFICE :

-Sailing

16th Apr. 16th:

·17th.

17th

171h 17th

Budakan London Yokohama Suez

17th

18th

19th

1011

Hoihow

18th

THE BANK OF CHINA,

Culcutta

20th

Hamburg

2011

Glagow

20th

(Specially authorized by Fresidential

Capital Paid-up Capital - Reserves

Fr. 72,000,000.00 Fr. 60,400,000.00 Fr. 59,667,283.54

Haiphong

26th

| Mandate of the Republic of China on the

22nd of November, 1917.)

Impending Arrivals,

(Supplied by our Advertisers.)

Agents

From

P&O

Singapore

PLO

Shangkai

NYK

Suez

UPS Ld. B&S NYK

Shanghai Yokohama Suoz

Due Hongkong

16th Apr.

17tl;

20th 22#

27th

Consignees Diary.

(Compiled from our Advertisements.)

4th May

Vessel

Andre Lebon

Agents

GL

·RK

Goods Stored

Free Clalms Storage to be Expires

Examina

in by

tion Date

D9 L Kowloon Apr, 20 TKK

Kowloon Apt. 20 Kowloon Apr 20

Apr. 30.

Apr. 20

Apr. 22

Apr. 18

Ajur, 18

Apr. 19

Apr, 19

Denladi

Pra, Monroo Shinyo M.

Steamers' Movements. Philoctotes for Pacillo Ports luft Manila 13th inst. for this port and is due on 16th. Veznot will sail kange at noon on the 22nd April,"

Caleban from Now York left Manila 14th fat for this port and is due here on

06, Boulevard Haussmann, Parze

BRANCHES & AGENCIES: Bankok Hongkong Saigon Authorized Capital........ .560,000,000.00 Battambang Mengiso Paid-up Capital

313,278,600.00 Canton Braorve Fanda.5 8,670,425.24 Djiboati

HEAD OFFICE: PEKING,

HONGKONG BRANQUES:

.4, Queen's Roail Contral.

Europa,

Branches and Sub-branches all over China and correspondenta in America and other parts of the World.

LONDON BANKERS Thio National Provincial and Union Bank of England' Ltd.

The Guaranty Trust Company of Now

York.

NEW YORK BRANCHES-The

Shanghai

Noumea

Papers

Haiphong Hankow

Polting

Pnom Penh

Housi

Singapore Tiontein Townne Tladivestock Pondicherry Yunnanfu.

BANKERS:

Manager.

Queen's Road Central, Hongkong.

Head Office Hongkong.

Authorised Capital...

Paid Up Capital.....

Silver Reserve Fund..........

business transacted,

WA6 &

neck. One of the latent to join been able to do. this happy throng is a Dr. D. E. Leave that alone, howeVEJ

"fashion- £1,200,000 Lorenz who has written's book and get to the £1,081,875

Round the worldable centre of dissipation” $700,000 entitled the

Traveller," and from the with the longest bar Foreign Exchange & General Banking "Imprint" we, North China Daily the world. It is probably reart Nous, cull the following excepts like Dr. Lorenz who induce ther from the chapter dealing with globe-trotters coming here to China

invade ite sacred procinots, oftara "Shanghai is the Paris of the with a total disregard of the Far East, and bas 1,538,500 in- otiquette portaining to any clule habitants (1922), Although there If these people would only stopp are a million and a half Chinese talking about it or some oibaz people in the city, it does not place got a bigger one, it wortel, furnish any distinctive Chinese be a blessing.

Interest allowed on

CURRENT ACCOUNTS 2% per annum on daily credit balances of over $100.00

SAVINGS

4% per annum DEPOSITS

for 12 month 5% per annum

4

6

ور

on Demand 2% per annum

BRANCHES Canion, Swalow, Shanghai, Hunkow, Bangkok, New York and San Francisco.

LONDON BANKERS-The Lloyds Bank, Ltd.

LOOK POONG SHAN, Chief Manager.

THE YOKOHAMA SPECIE

BANK LTD.

Established 1830.

EARLIER

TELEGRAMS.

PRIVATE ENTERPRISE IN RUSSIA.

Moscow, April 14

According to the Rosta Agency, M. Rykoff, Chairman of tie Council of People's Commissaries, told pressmen that private entere

Capital (fully paid up)....... 100,000,000 prise would play an important part in the economic life of the Soviet-

Reserve fund to be altered to Y. 80,500,000 HEADOFFICE --YOKOHAMA, Branchies and Agencies at Batavia Kobe Soorahayn Bombay London Rangoon Buenos Ayres Lyons Ban Francisco Calcutta Los Angeles Beattie Changchun Manile Shanghai

"Nagasaki Singapore

Nagoya Shimonosete Nowchwong

Окаут

Doiron

(Dainy)

Fangties

Makdon

Hamburg

Hankow

Honolulu

Rio do

Janetro

Harbin

Kai Yuen

New York Tokyo

Peking S..

Intercala Baigon.

Tainantu

Tsingtau

Vladivostock

Current Account■.- Deposits received for fixed pericds at rates to be obtained on application.

Mr. U. ARIMA, Manager. Hongkong, March 11th 1005."

1

THE KO HONG BANK, LTD.

(Incorporated in the Straits Settlements.)

"CAPITAL: Authorized Capitál ...........

$20,000,000 Issued. 8,000,000

In FRANCE:- Comptoir National Paid-up_dow....... 4,000,000

Crostit Reserve Funds of share holders 4,000,000)

d'Escompte de

Lyonusin; Banque de Paris et des Ijesorvo Funds 630,000

Paris;

Puya-Day; Crodit Industrial Commercial; Socioto General,

et

1

HEAD OFFICE :-SINGAPORE. Branches Agencies and correspondenta in the principal cities of the warld..

In LONDON: The National Pro

vincial and Union Bank of England,

Irving National Banks. The Equitable1fd; Comptoir National d'Excompte Trust Company of New York.

Interest allowed on Current Accounts and Fixed Deporiti. Terma on applica tlun.

Every 'description of Banking business

transacted.

Lonas granted on approved securities. Special facilities for Home Exchange. THU YEE PEI,

Manager.

de Parle, Crodit Lyumbais.

In NEW YORK J. P. Morgan & Co. Intercat allowed on Current Accounts and Fixed Deposits according to arrange.

mont.

Evory description of banking and exchange business transacted.

A, LEOOT,

Manigor.

HONGKONG BRANCHES ( 13, Queon's Rund Contral. Every description of Banking and Excliange business trazancted..

LOCAL BOARD :.. Mr. Ko Leong Hoe (Chairman) Mr. Sum Pak Ming... Mr. Ng Chang Lak

Manager it. Han Liang Huang, Telephone No. Of 9006 anıl 4587.

Union for many years. Commercial operations had increased rapidly in the last few months, and neither State nor co-operative trade could augment their capital in a measure entirely corresponding to the general development of the economic life of the country. The basis of relations between the State and private enterprise must us healthy economic competition. Hindrance of private enterprise by the administration could not be allowed.

THE PRINCE RESUMES HIS TOUR.

Acera, April 14.

The Prince of Wales left this morning for Nigeria. He was given a great send-off by the local inhabitants and chiefs, while the occupants of scores of surf boats yelled greetings and hundreds of natives lined in the sea waist-deep-Reuter.

LIQUOR IN RUSSIA:

Moscow. April 14.. The newspapers report that the Government will soon authorzken the sale of liquors: up to 40.per cent alcoholic strength, which have been prohibited since 1914. At present no liquor of higher alcohol strength than 30 per cent can be sold. Reuter.

STATE OF BRITAIN'S TRADE.

'London, April 14, The Board of Trade returns show, for March, imports amountfi to 2112,801,000, and exports £70,308,000. Imports represent ne ‚increaso' of £2,713,000 and exports of £972,000 compared with the

February figures-Reuter

HOLLAND'S GOVERNMENT.

* Brussels, April 14.

The King has aked the Socialist leader M, Vandervelde to forız.

a Cabinet, M. Vandervelde le consulting his colleagues-Rantor

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