Tokyo, July 28.
North China Development Company bonds amounting to ¥.30,000,000 will be putt on sale for the frst time from August 14 to 16, the Industrial Bank of Japan announced today.
The Government will subscribe '¥.10,000,000 while syndicates will take '¥.5,000,000 worth of the bonds. The remaining ¥.15,000,000 will be sold to the general public.
Bonds in denominations of ¥.100 will be sold for ¥.99.50 and payments must be completed by August 28. The bonds will be redeemed in 12 years. They will not be redeemable for the first two years, after which ¥.450,000 worth will be taken up by. banks every. six months.
Payment of principal and interest will be guaranteed by the Japanese Government.
Holders of the North China Development Company's bonds will be given preference over purchasers of other issues Contract banks and firms are: In rial Bank of Japan, representa-Yokohama Specie "Bank, Bank of Chosen, Bank of Taiwan, Dalicht Bank, Mitsui Bank, Mitsubishi Bank, Yasuda Bank, Daihyaku Bank (One nu wdredth Bank), Sumitomo Bank, Nomura Bank, Nagoya Bank, Kobe Bank, ana Mitsubishi, "Yasuda, and Sumitomo "Trust Companies—Domei Hongkong, July 24.
Mongkong's trade with China ing the frst six: months of this year declined—almost Hk$100,006,000, according to official statistics.
The decline is almost entirely attributable to the Japanese occupa tion of Canton and Kongmoon and to other restrictions on the China const, 'The Syures estimated above' do not Include the considerable loss of trade rendered certain by the Japanese occupation of Swatow and blockade fof the Fukien coast, because these measures did not become effective until the beginning of this month, Comparative figures show that im= ports "from South China (Canton, Hothow, Kongmoon, Wuchow, iiangchow and Yunnan) declined from H$00.924,005 in the frst half of 1998 to HK§24,060404 in the first halt of Imports, Imports from Middle" China (Swabue, Swatow, Amoy and Foochow) rose from i1k$0.270,703 In the first halt of 1998 to Hic§tt 002,055. the first halt of 1989, All this trade will cease In the second half of this year due to the Japanese. blockade Announced tts month, Imports from North China (Mau Chefoo, Dairen, Tankow, Tarbin Ningpo, Shanghai, Tientsin, Tsingta Weihaiwei, Wenchow and Yangtse ports) increased from $52,481,700 to Imports from all ports declined yom Hk$119,070,958 to Hk$107,420,458,
Text read from the printed page and cleaned; old type leaves the occasional error.