F. Kauffmann, in lieu of Xmas cards The Shanghai American School and Community Church with Christmas Fund To Tue I. C. Mux Tux"
The Emigrants' Thriftshop Ing. Hermann Srulowitz Dr. Med. Fritz Schwarz Mr. and Mrs, L. Klausner jean School and Community Church with Christmas Fund To Sr. Josum's CONVENT
John Cheng H. P. Molloy Mr. Fraser Mr. Morgan C. T. Eager Mr. Bone J. Stevens E. A. Dahlin Mr. Dahl Mr. Leslie F. H. Sadler A. S. Anderson N. E.'Pharazyn W. Hagen W. Barling Razoy 2 others T. H. Tucker Swanson J. T. Ephgrave Burgess Marshall W. R. Davies MacAlister
Text read from the printed page and cleaned; old type leaves the occasional error.