Page
SATURDAY,
SHIPPING
30, 1916
P. & O. S. N. CO.
0.
ROYAL MAIL SERVICE
UNDER CONTRACT WITH HIS MAJESTYS GOVERNMENT
TO
TAKING PARENGER and Canoo to
Steamers to Colombo
Leave Hongkong. NOOD
STRAITS, COLOMBO, INDIA, AUSTRALASIA, EGYPT, &c.
Due t
Daa Afaraillar 1917.
Connecting Mall Steamer from
Colombo,
London 1917,
THE CHINA MAIL.
AMERICAN EXPORT
TRADE.
the important statement which po made, hanker for its best customers in Europe o his recent return from a visit to "Customers who furnish, gold, in-qa'smennt. Lander and Paris. Among other things mulicient to form the basis of an expan- The sul Immediately after the outsion of Ave billion dollars in credis ara. THE MENACE OF THE GOLD FLOOD., of the war Great Britain and France reasonably and justly entitled to ba well, na some of the other Allies, find accommodated with i latge portion of that, ing the nerves wholly prepared in the credit. Yes the total amount buneil thum way of punitions for such an emergency, far be the Paited States to the Allies is rushed to the United States for equipment | less than $1,500,000,000.
ONLY REMEDY,
"
#5
- rnakeṛ,
The following article is from a recent of every kind, seeking early deliveries AMERICA'S PUUN LIENS ON BNGLAND AND San Francisos paper, and is particularly and paying high prices. The volume of wae Tür MARSEILLES AND LONDON,Interesting in view at the reveas arrangematerial purchased by therm
It is thonis for the British and the Tun code whgreby the Bank of England beyond their expectations, or our Fench people to understand the attitude beunes the spent of the American These purchasis were made because at
of the investment community in America Federal Reserve Board.
that time they had to have the goods. hur friends across the water do not under- Yow the situation is materialy different-stand why there should be the slighte During the more than two years which doth or question about the exteram have passed Great Britain and France obligations issued by their Government. love not caly carried on the way caseivable to the British and the western front, but as stated have as the French that the people of the United same time develops their own mant States should question the obligation of facturing, resmirces in
way which
the British or. the French Government in' surpassen belief, so that today they and
prace or in war It is an indisputable. themselves well equipped and in a position fact, though often overlooked in dis to provide not only, for themselves, but cusions of loans in the United States ia, a large degree to resist their Allies.
Whoa. Passengers change Steamers at COLOMBO,
The enormous indow of gold into this country is engaging the caraist attention. of the most prominent baulers in whose opinion the index of the yellow metal is a serious inenace to the commercial and financial community. A few days ago 20 native banker, who has much to do with the financing of our export trade, said
The banking community is being drowned in gold."
THE FACTS AND THE SIGURES.
I
During the 24-months of the war period, to October 31st, 1916, importe of gold at the United States amounted to mor
thuo
19
This amunt $9415,000,000. greater than the tofal gold imports during
9
La stating this I do not mean to imply that thets are not many things they will require from, as they did before the war and will after. I do mean that there am very many supplies which
Accommodation in the connecting. Stosmer from COLOMBO ie dafinitely reserved in the entire ten-year period preseding father wald rather purchase from us than
Hongkong at the time of Booking.
On the Australian Route Tickets Interchangeable with Oriant Line.
SAILINGS DIRECT TO
SHANGHAI, MOJI, KOBE AND YOKOHAMA.
S. S.
Leave Hongkong About
Passengers may tmvel by Railway in Japan between Porte of Call free of charge. Rature Tickets are available by Mssangeries Maritimos Company
INTERMEDIATE STEAMERS
(Non-
Transhipment),
IN ADDITION TO THE ABOVE MAIL STEAMERS,
WILL LEAVE DIRECT FOR: ::.
MARSEILLES AND LONDON, Calling at SINGAPORE, PORT SWETTENHAM, PENANG, COLOMBO AND PORT SAID.
CARRYING 1 4*> UND SALOON PASSENGERS AT REDUCED RATES.
PROPOSED SAILINGS:
Σενα
STEAMERA,
Εκον about
Leave STORE. about
Dus ab M'aTILLEY. If calling about
intlation.
Eo
***! .7
EXPORT TRADE ON INFL JON PRUCEM...
that leans to Great Britain and France
ea on the property and income of the payable in dollars are substantially a first
iritist and French people,
unqualified opinion has the secured In this connection is my overawat Tord of Urens Britain or of France, free from home isoun tas and
Ju
SHIPPING
PACIFIC MAIL S.S. CO.
U. 6. Mail Line. OPERATING THE NEW FIRST CLASS STEAMERS 'ECUADOR," "VENEZUELA” and “ COLOMBIA
14,000 Tons each
HONGKONG TO SAN FRANCISCO,
vin SHANGHAL KOBE YOKOHAMA and HONOLULU. The Sunshine Balt.
The most Comfortable Route to Americs and Europe.
હતું.
Sailings from Hongkong. *KS.. "ECUADOR" 1....
BA. VENEZUELA” SS. "ECUADOR" B.S. "COLOMBIA"
***, ***
HI
***
For dates of departure Apply to
Company's Office.
These Steamers have the most modern Equipment including ALL LOWER BERTHS and large comfortable Staterooma
(A1) ingle and two bertha only)
The Safety and Comfort of Passengers is our first canaderation. Tickets are interchangeable with the Toyo-Kisen Kalaths and, the
Canadian Pacific Ocean, Services Lida; gl.!! For further information, rates, literature, schedules etc., apply to--
COMPANYSĄOFFICE in Alexandra Buildings TELEPHONE 141.
Chater Road.
THE AUSTRALIAN ORIENTAL LINE,
SAILINGS (SUBJECT TO ALTERATION).
Steamer
Artivos: Hongkong Leaves Hongkong lor
from Australia,
Australia.
For sailing dates and freight or page soply to
Telephone No.. 36.
Hongkong, Dec. 23, 1918.
On this point Mr. Davison said—”. It naturally would be inconceivable to be that the people of Great Britas ir France rounce at home, reserving the resources could question the obligation of the war. To the single auth of June, 1918-dure for such production for other Cnited States Government in peace; or
ghd imports unwanted
purposes to their better advantage. The in wa Six,000, or more than in any entire point is that today their position in one Eyeur prise to the war, with the single Forstadeperiferice, compared with that of exception of 10w, The dust of geld two years ago. I am perfectly clear that in the Halted States is now double that it we merd Great Britain and Face de in 1004 and 40 per cent. more than at desirable eastomers and wish to
payable in dollars in the United States. HONGKONG TO MANILA, ZAMBOANGA & AUSTRALIAN, PORTS, 4onlizur the beginning of the war.
(i is just as sure to be 'pafil is the unsecured sk them our products we must treat; id of the United States Government, them as, praveer usually treats thy no matter how the war terminaties. desirable rustomer, in which exent au makkig this statement I am rut unwind. confident we will continue to supply them ful of the cost of this war, and that that largely, hos cinly during the war but forest be met and can he met through the "reconstruction period which will taxation. It is on this very question of follow."
after way taxation that we most note the grean difference between external and internal obligations of the warring coun tries. When I asked one of the highest Those steamore are fitted with Refrigerating Machinery enwaring a plentiful authorities in Great Britain how he would apply of iss, fresh provisions, ato,, and havs superior accommodation with lentke express the diference between an externalLight throughout and Eleotris Fans in the State-rooms. A duly qualified Doctor is a and an internal obligation he replied that carried. Reduced Faces. Cargo booked through for all" Australian, Now Zasland 'an internal obligation of the Government and Tasmanian porta... is a debt owed by the Government to its own people; an external obligation of the Government in a debt of an of the people through the Government to holders without the country. In other words, op external bond of any of the governments that the United States must decide is in effect an obligation of all the people, whether it wants to continue its huge crostituting the Government, from wher expert trade with Europe. Mr. Uzrison deductions are to be made and for has pointed out that America wants to which the assets of all the people are keep hoid of this business, it manifestly | lishla." camiot decline to take the poper ci This is the view of every intelligent eustomers who have shown their strength financier. The matter of extending by paying in gold for parthuses here, credit is purely function of exchanE simply treause our forestment com devised as a means to hold and extend As Mr. Davison has murity se not been inclined to give them her foreign trade. credit to the full amount of their pur said- If we are to make sured our chases. This means that if we decise to present prosperity and increase it, as we take, in reasonable amounts the paper of properly can, it seems to me important RESERVE LIABILITY ☛
istomers like firest Exitain. France and that anr people should realize these facts Ruskin, we cannot expect them to con- and meet "Enis opportunity, the Eke of tinue busing from us in the future us which let, un torently hope will never they have done in the post. lpp. again be presented. I this prosperity is Business men in this country are to be shared by the country at large, ou accustomed to being accommodated by investore, our bankers and the public their bankers with credit in an' dicunt generally must take a broad, intelligent equal to about four times their average view of the opportunities before 113 and deposits" The United States is now the assure the peoples of the foreign
Many bunkers with long experience in international Finance perceive grave langer in ach an overwhelming food of geld. It must be remembered that under [the nêw Federal reserva system the 9045,000,000 gold that had hem neded to the stock of gold in the Cited States, is
CHANCTALOR MCKENNA "STRAKA, ... hasis for credit to the offent, of six times
In the three months ended September that anunt in other words our eredith 2018. The vale of our exports to Hit have expanded to the fextant, of
"Great" Britain," Fringe And Rush mens than 95500,000,000, Tha joevitable tendens toward easy credits and counted to over $887,000,000, or at the rate of about three and cashalf bilion dallurs per unsum. Abant two weeks ago. Chancellor MeKenna "stated in the Feuse Psperity based on inflation is more of Commong that unless the Allies cold apparent thar rest. Infation creates make arrangements for 'chthining further markets in which to sell, not buy. The credits in Amárics, they would have to mansal foreign trade of the United States redne materially, their purchases in regates alms $1,000,000,000 and American market: What this spells is the balance of trade in one favour fexcess dí exports ove, supports) amounts to about $3,000,000.000 per annum. In the five months to Detolier, 1918. gold ↑ imports amounted to almost $410,500,000. These who see a 'menace in the tips of goil in wch encrmous quantities, with its mififionary eniget on credit and prices, point out the absormal character of out port trade, and say that not only cur export trade with Europe but also the Round the World Tiskets and Through Tickets to New York in connection with the much desired "extension of our foreign Pehcipal Mail Lines.
true with Sonth American and other Return Tiskete a fare and a half crailable to Europe for Two Years; or tomon.belligerent countries is threatened by Igermediate Ports for Six Months.
The point is, that our Owing to the War in Europe Steamers and Sailing dates are liable to be cancelled wearing prices.
export trade in actual volume of ship- | ments is increasing with bos Buch astonishing rapidity; it is the value of these exports that is expanding. In other words, our flourishing export trade is based more on inflated prices than on enlarged consumption. As prices rar, consumption will fall. Producingcapacity. will become idle.g
Due LONDON -about-
THE INTERMEDIATE SERVICE IS”TEMPORARILY BUSPENDED.
WIRELESS TELEGRAPHY FITTED ON ALL STEAMERS.. |-
All Cabins ara Stted with Electric Fans free of charge and auch Berth Farnished
with an Electric Radiop Lamp..
altered without notice.
For Further Information, Passage Farms, Freights, Handbooks, Dates of Sailing
apply to
H. V. D. PARR,
ני
Acting Superintendent.
CHINA MAIL S.S. CO., LTD.
FREIGHT AND PASSENGERS.
S.S. CHINA.
WILL SAIL FROM HONGKONG FOR
SAN FRANCISCO
VIA SHANGHAL," JAPAN PORTS & HONOLULU,
AN UNSURPASSED HIGH CLASS PASSENGER
SERVICE AT INTERMEDIATE RATES,
For dates of departure apply to
40. H. KITTER,
Prince's Buildings. ..
Freight and Fassager Agont,
Ies Hours Stroet.
INDIAN AFRICAN LINE.
Cargo carried on through Bills of Lading from HONGKONG to BEIRA, DELAGUA BAY, DURBAN (Natal), EAST LONDON, PORT ELIZABETH and JAPE TOWN with transhipment at CODOMBO to Steamers of the INDIAN AFRICAN LINE.
PROFUSED SAILING.
From Honoxana S
24
"
Connecting with
FROX COLONY'S
EXCELLENT ACCOMMODATION FOR 1st and 2nd Czars Passeforss.
Ի.
ORIENTAL AFRICAN LINE.
Regular Direct Service from JAPAN, UHINA and STRAITS to BEIRA, CALAGOA BAY, DURBAN, SAST LONDON, PORT ELIZABETH and CAPE TWX calling as MAURITIUS 20 rose and affording the Quickest Freigh
Einspot from the ORIENT to SOUTH AFRIOL,
PROPOSED SAILING,
6.8. TENZAN MARU : from Hongkong 18. #SALAMIS”
from Hongkong.
For data of departure. Bates of Freight apply to
THE BANK LINE. LIMITED.
MANAGING, AGENTE,
"ELLERMAN”
LINE.
(Ellman & Bucknall Steamship Co., Ltd.)
JAPAN, CHINA AND STRAITS
UITED KINGDOM & CONTINENT.
FOR PATICULARS OF BAILINGS_SKIPPERS ARE. REQUERED TO APPROACH THE JADERSIGNED.
Bloomers prid via Suez Canal or Cape of Good Hope at Owners options Bubject to go without notice.
de to Helsr & Co. atom
THE BANK LINEJLTD.
The gold problem in its relation to prasent, and future commercial and dosa. cin) hasizées is uppermost not only in The minds of bankera but of business axen at large The question is sometimes askeri.Why does England send us this prodigious quantity of gold if it results in increasing prices in a market where she is buying in large quantities? In answer to this question, a banker who has much to do with the financing of England's purchases in the United States said:
• Simply because aka'insists upon paring on the dot for ull'ker purchases here, and until our investment community reaches npoint where it is inclined to give her credit to the full amount of her purchases. we shall continue to be swamped by this food of gold."
MR. DAYTHON'S IMPORTANT ATATEMENTS. In this connection" are to be recalled some of the remarks made by H. P. Davison, of J. P. Morgan and Co., in
The Man Who Gets There
Is the man who has blood--- real rich red blood and plenty of in his body. WATERBURY'S METABOLIZED COD LIVER OIL COMPOUND
makes blood-lots of it-fo giving braid nourishing. strength replenishing blood.
OF ALL CHEMISTS
PRICES: $1.25 and $2.25,
"For the Blood is the Life.
WANTS
YOUR BLOOD
PURIFYING.
YOU are troubled with Eczema, Blotchen Spots,, Pimplos, Boils, Sores or Braptions of any kind coatíqually barsting through the aida
་་
YOU have that constant itching.
IF and inflamation of Hiles.
IF YOU are suferag the sho
Lays, and pains of Bad Abacoasts, Uleurs, Berotalous. and Ulcerated Sores, Glandular Swellings, Blood Poison, etc)
TE YUU Are in the grip of Has TE
matism, Sciatica," Limbago, Goat, etc.
All these are sura ngas of clogging blood impurity, calling for immediate trestament through the blood, so don't waste your time and money on useless. lotions and mekey, ointments, which canoes, get below the surface of the akio. What you want and what you must have is a medicine that will get right to the rest of year trouble, a medicine that will thoroughly free the bid of the poison i one mater which alone is the true eu of all your authoring. Uscko's Biod Mixture is just sach medicine. It is composed of ingredients wh chuckly attack, overcome, and expel from the blood ally mpurities (from whiterse esse arising), and by rendering is clean and pare, sa be relied on to effect a lasting enre.
The True Value of
CLARKE'S BLOOD MIXTURE
is certified by a mout remarkable col lection of unsolicited testimonială from grateful praticorso all classes int
who
have ven cared after doctors and hospitals hare given them up as incur alo-pufients who have been on ad after trying many other tinatant
can-pierits who not without an only bays been ours of th particular. Skin vs Blood Complaint, tra" which they were wilaring hat nie have found great imrovem
their general heath. (See pamphlet board
in
Clarke's Blood Mixture
NAKED A The World's Best Blood Parißer.
* Over 50 Fair - sucreas."
tako zid wireshred fra from saything.
OUR SALL
injuria 5 Chesinte bro
206por KEPUNE SUBSTITUTES, SKIN & B JOD DISEASES.
Governments that we desire their trade and have confidence as to their financial soundness. It is not a question of wealth or value, but purely one of exchange, the solution of which lies with us now and will continue to for a long future if we show ourselves competent to handle it. It is simply a matter of holding and developing our increasing foreign trade and of acquiring in this country a security as sure to be paid as any known in' the world."
THE MERCANTILE BANK OF INDIA, LIMITED,
H
BANKS
BUTTERFIELD & SWIRE Åpenta.
12376
BANKS
ONGKONG & SHANGE THE YOKOHAMA SPECIF
"BANKING CORPORATION.
PAID-UP CAPITAL. RESERVE FUNDS
Sterling
...$15,000,000
£1,500,000.--$15,000,000
Bi ver.
***
!
PECERIETORS
BANK, LTD.
ESTABLISHED 1880,
"AUTHORISED CAPITAL.. Yem 48,000,000.0 Pazo-UP CAPITAL...
18,000,000
$33,000,000 $15,000,000
RESERVE FUND
20 000,000.5-
HEAD OFFOR-YOKOHAMAN
BRANCHES AND AGENCIES AT
NASAJAKI
COURT OF DIRECTORS. W. L Pattander, Esq., Chairman 5.5. Dodwell, Eaq,-Deputy Chairman | ANT-HILLY Hon. Mr.
Hon. Mc
BOMBAT C. E. Anton, P. H. Holyoak CALCETTA 8. Gubbay, Eaq. Hon. Mr. E.Shellin DAIRES (DALET) PEKIN G.T.M. Edkins, Esq. J. A Plummer, EXCHANGCHUN
CHIEF MANAGER: 2.
Hongkong-N. J. STARR, Esq.
MANAGER: Shanghai A. G. STEPHEN, Esq. LONDON BANKERS-LONDON COUNTY AND WESTMINSTER BASK, LIMELO.
HONGKONG-INTEREST"ALLOWED
On Current Account at the rate of Twe
NEWONWANG
NEW YORK
FANGUIN(MCKDEN) RYOJUS(POBLARTHUR KASKOW HONOLULU
HAESIA Конд LLAO-FANT LONDON
LOS ANGELES LYONS
BAN FRANCISCO
SHLANGHAT
SINGAPORE
SYDNEY TIETZING
TINTAIN
Tozyo
THENAMP
TRESUTAU
Interest allowed on Current Accorma Deposits received for fixed periods st
per cent. per sanam on the daily balance.rates to be obtained on applications.
EISHI ONO
Manag
2.
ON FIXED DEPOSITS
4
For a monthe 24 per cent per annum.
A
17
Bacgkong, September 11, 1916.-
12
.*
£1,500,xx 1,125,000
NAJ. STABB,
Chief Manager.
Hongkong, Dec. 6, 1916.
562,500 $50,000
BANKERS
LONDOS
BANK OF ENGLAND, JOINT STOCK BANK, Larran
Authorised Capital Subscribed Paid-up Heserve Fund...
HONGKONG SAVINGS BANK.
THE basiness of the sorve Bank Is N
conducted by the HONGKONG
Every description of Exchange business AND SHANGHAT BANKING COR tramancted.
05 Ст
PORATION Rules may be obtained on
INTEREST allowed Current appliestion
Accounts at 2 per cent, per anayımı INTEREST on deposits is allowed on on Daily Balance and on Fixed Deposits the minimum monthly, balances at 31 at rates which may be ascertained on application
C CHAMPKIN,
Acting Manager; Hongkong, March 27, 18(6.
THE FIRST CHINESE NEWSPAPER
EVER. SUED UNDER PURELY NATIVE DIRTOTIO F.
The Chinese Mail
The Grading OWINNER POLITICAL AND
PISLICKED
EVERY MORNING,
CONTAINS THE Most-flettaRLA TELEGRAPHIC NEWS FROM NORTH FUHIFA
Kto zen: LateSTAINTÄLLIGENUS, ZEOL
JAKIDUN PORTING ALINA LOKOTÁPANI,
11.00 per Annum
ANDSCHE HANDEL MAATSCHAPPLI.
TRADING SOCIETY).
EATABLISHED 1824
PERCENT. per annum. Depositors AUTROELED)
CAPITAL £50,000,000 RESERVE
may transfer at their option balance of CAPITAL 50,000,000 (£5,000,000, $100 or more to the HONGKONG AND PAID-UP SHANGHAI BANK, to be placed on FIXED DEPOSIT at 4 PER CENT, For the Herigkong and Shanghai
"Banking Corporation.
per annum
NJ STABR..
* Chief Manager, Hongkong May 14, 1914 - 3617
TEEN ACHARTERED. BANK
INDIA AUSTRALIA & CHINA
FONDL 9,237,149 (D
HEAD OFFICE-AMSTERD
Branches at The Hague
Bottardar
HEAD AGENCY-BATAVIA Branches at BANDJERMANIN, BANGOOS
BARDOING CHERIBON,
OF
DJEMBER DJKJAKARTA KOTA BADJA MAKASSAR MEDAR, PADANO,
INCORPORATED BY ROTAL CHARTER
18333 HEAD OFFICE, LONDON.
PAID-UP CAPITALI RESERVE TORO Bzsexve LanzÄTY OF PEO-
OPRIETORS
...£1,200,000 £1,800,000
£1,200,000
FOREIGN EXCHANGE and General Banking, business transacted.
CURRENT AЄÉJUNIE, opened and FIXED DEPOSITS received for I year or shorter periods as rates which will be eret in Hongkong quoted a spplication,
Hong kong many,
Y. 6. DOWNING/
PALEMBASH,
PETALONGAR, PENANG,
BAMARA
SHANGHAL SINGAPORE
SOTRABALL BOERAVARTA (Bolo), TANDJONG-BALEL-
TREING TINGGI (Beh)
•Trail: TELOK BETOSO
TILATTAR, WELAZYLESEN.
Correspondents at Bombey, Colombo Madron, Pondicherry Calcutta, Bangkok, Baigon, Haiphong Hanoi, Amoy Yoko- Hama, Kobe, Melbourne, Sydney, New York, San Francisco, Union
LONDON BANKERS
London and Smiths Bank, Limited.
The Bank buy and sells and receive
fire letters of credit on its Branches and correspondenta in the Eset, on the Continent, in Great Britain Amerion. and Australia, and transacta banking bances of every desaptam
collection Bills of Exchange issues
Hongkong Feb. 6, 1915.